QI Systems Inc. Private Placement Subscription Agreement for Accredited Investors
This agreement allows accredited investors to purchase units in QI Systems Inc.'s private placement offering. Each unit includes one share of common stock and a warrant to buy an additional share at a set price, exercisable 180 days after the offering closes and expiring two years later. Investors must certify their accredited status and agree to the terms. The shares are not registered with the SEC and have restrictions on resale. The agreement is only valid if accepted by QI Systems Inc.
|
SUBSCRIPTION AGREEMENT |
QI Systems Inc.
Private Placement Offering
SUBSCRIPTIONS WILL BE ACCEPTED ONLY FROM "ACCREDITED INVESTORS" AS DEFINED IN RULE 501 OF REGULATION D UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT")
The undersigned agrees to purchase Units of QI Systems, Inc. ("QI SYSTEMS") at a purchase price of $0.07 per Unit in the Private Placement Offering dated September 06, 2006. "). Each Unit consists of one share of common stock with a $0.001 par value ("Shares") and one warrant to purchase an additional share of common stock at the additional purchase price of $0.20 per share which is exercisable one hundred eighty (180) days after the close of the offering. Such warrant to purchase an additional share of common stock shall expire two (2) years from the closing of the Offering. If the Subscription stated below is accepted by QI SYSTEMS, the undersigned hereby executes and agrees to all the terms of offering and that the undersigned is an "Accredited Investor" as defined in Rule 501 of Regulation D under the Securities Act.
PLEASE, MAKE ALL CHECKS PAYABLE TO
QI Systems Inc.
___________________________________
Purchaser: Subscription $: # of shares: (Signature / Title, if applicable) Tax Year Ends: Date: , Tax I.D.# or SS#: Mailing Address: Residence Address: Telephone Number: Telephone Number:
THIS IS A SPECULATIVE INVESTMENT SUITABLE ONLY FOR THOSE ACCREDITED INVESTORS CAPABLE OF SUSTAINING A TOTAL LOSS.
Accepted this ________ day of _______________________, _____________
QI Systems, Inc.
BY: _______________________________________
THE SHARES SUBSCRIBED FOR HEREBY HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 AND ANY APPLICABLE STATE SECURITIES LAWS OR AN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.
