Common use of Acceptance or Rejection of Subscription Clause in Contracts

Acceptance or Rejection of Subscription. The Partnership and the Agent may, in their absolute discretion, accept or reject the Subscriber's subscription for Units as set forth in this Subscription Agreement, in whole or in part, and the Partnership and the Agent reserve the right to allot to the Subscriber less than the amount of Units subscribed for under this Subscription Agreement. Notwithstanding the foregoing, the Subscriber acknowledges and agrees that the acceptance of this Subscription Agreement will be conditional upon among other things, the sale of the Units to the Subscriber being exempt from any prospectus requirements of applicable securities laws. The Aggregate Subscription Amount will not be releasable to the Partnership until midnight on the 2nd business day after the Subscriber has signed the Subscription Agreement. Upon acceptance of this Subscription Agreement by the Partnership at Closing, all funds paid to the Agent will be paid to the Partnership without any further action or consent required by the Subscriber. The Partnership will be deemed to have accepted this Subscription Agreement upon the delivery at Closing of the certificates representing the Units to the Subscriber or upon the direction of the Subscriber in accordance with the provisions hereof. If this Subscription Agreement is rejected in whole, any certified cheque(s) or bank draft(s) delivered by the Subscriber to the Agent on account of the Aggregate Subscription Amount for the Units subscribed for will be promptly returned to the Subscriber without interest. If this Subscription Agreement is accepted only in part, a cheque representing the amount by which the payment delivered by the Subscriber to the Agent exceeds the subscription price of the number of Units sold to the Subscriber pursuant to a partial acceptance of this Subscription Agreement will be promptly delivered to the Subscriber without interest.

Acceptance or Rejection of Subscription. The Partnership Pursuant to the terms of this Agreement, the Company is proposing to offer and sell the Agent maySecurities up to a maximum principal amount of Five Million Dollars ($5,000,000), which amount may be increased or decreased in the Company’s sole discretion, to accredited investors at a price per Share of Two Dollars ($2.00), subject to the Subscriber agreeing to representations and warranties set forth herein and approval by the Company, in their absolute its sole discretion (the “Investment”). The minimum Investment that the Company will accept is for Twenty-Five Thousand Dollars ($25,000); provided, however that the Company shall have the right, in its sole discretion, to accept or reject an Investment that is less than Twenty-Five Thousand Dollars ($25,000). There is no minimum amount of Shares that must be sold and there will be no escrow of subscriptions; therefore, the Subscriber's funds from the Investment may be used by the Company immediately. This subscription for Units as set forth in this Subscription Agreementthe Securities is irrevocable and may not be withdrawn by the Subscriber (unless afforded such right by law), but may be rejected in whole or in partpart by the Company for any or no reason in the Company’s sole and absolute discretion. The Company shall notify the Subscriber within five (5) days following the date on which this subscription is accepted or rejected. If the Subscriber’s subscription is accepted, the Company shall notify Subscriber and the Partnership and the Agent reserve the right to allot Subscriber shall wire to the Subscriber less than Company immediately available funds in an amount equal to the amount reflected on the signature page of Units subscribed for under this Subscription AgreementAgreement within two (2) business days from receipt of notice of acceptance. Notwithstanding the foregoingFurther, the Subscriber acknowledges and agrees that the upon acceptance of this Subscription Agreement will be conditional upon among other things, the sale of the Units to the Subscriber being exempt from any prospectus requirements of applicable securities laws. The Aggregate Subscription Amount will not be releasable to the Partnership until midnight on the 2nd business day after the Subscriber has signed the Subscription Agreement. Upon acceptance of this Subscription Agreement by the Partnership at Closing, all funds paid to the Agent will be paid to the Partnership without any further action or consent required by the Subscriber. The Partnership will ’s subscription, this Agreement shall be deemed to have accepted this Subscription Agreement upon been executed and delivered to the delivery at Closing Company and will become a binding contract between Subscriber and the Company shall revise its books and record to evidence ownership of the certificates representing applicable number of Shares, unless a stock certificate is otherwise provided to evidence the Units to the Subscriber or upon the direction Subscriber’s ownership of the Subscriber in accordance with the provisions hereofShares. If this Subscription Agreement subscription is rejected in wholerejected, any certified cheque(s) or bank draft(s) delivered by neither the Subscriber to nor the Agent on account of the Aggregate Subscription Amount for the Units subscribed for Company will be promptly returned to the Subscriber without interest. If have any obligations under this Subscription Agreement is accepted only in part, a cheque representing the amount by which the payment delivered by the Subscriber to the Agent exceeds the subscription price of the number of Units sold to the Subscriber pursuant to a partial acceptance of this Subscription Agreement will be promptly delivered to the Subscriber without interestAgreement.

Acceptance or Rejection of Subscription. The Partnership and the Agent may, in their absolute discretion, accept or reject the Subscriber's subscription for Units Payment has been made simultaneous herewith by either (i) wire transfer as set forth below or (ii) by check payable to ___________, in this full payment of the shares of common stock subscribed for (the “Subscription AgreementPayment”). The wire transfer instructions are as follows: ________ ________ ________ If the undersigned has paid by check, the undersigned has sent a check by overnight mail to: ________ ________ ________ Fenario, Inc. Regulation S Subscription Agreement The undersigned agrees that subject to the conditions set forth herein, the Company will accept subscriptions and payments therefor as they are received. The undersigned further understands that the Company will notify the undersigned as to whether its subscription has been accepted in whole or in partpart as reasonably promptly as possible. If the Company accepts all or a portion of the undersigned’s subscription, the undersigned agrees that this Agreement shall become effective with respect to the Company and the undersigned, and the Partnership and the Agent reserve the right to allot Company will promptly deliver to the Subscriber less than undersigned an executed copy of this Agreement and a share certificate representing the amount of Units subscribed for under this Subscription AgreementShares. Notwithstanding the foregoing, the Subscriber The undersigned acknowledges and agrees that the acceptance of Corporation may terminate this Subscription Agreement will be conditional upon among other things, offering at any time. In the event the sale of the Units to the Subscriber being exempt from any prospectus requirements of applicable securities laws. The Aggregate Subscription Amount will not be releasable to the Partnership until midnight on the 2nd business day after the Subscriber has signed the Subscription Agreement. Upon acceptance of this Subscription Agreement Shares subscribed for by the Partnership at Closing, all funds paid to the Agent will be paid to the Partnership without any further action or consent required undersigned is not consummated by the Subscriber. The Partnership will Company for any reason (in which event this Agreement shall be deemed to be rejected), this Agreement and any other agreement entered into between the undersigned and the Company relating to this subscription shall thereafter have accepted this Subscription Agreement upon no force or effect and the delivery at Closing of the certificates representing the Units Company shall promptly return or cause to the Subscriber or upon the direction of the Subscriber in accordance with the provisions hereof. If this Subscription Agreement is rejected in whole, any certified cheque(s) or bank draft(s) delivered by the Subscriber to the Agent on account of the Aggregate Subscription Amount for the Units subscribed for will be promptly returned to the Subscriber without interest. If this Subscription Agreement is accepted only in part, a cheque representing undersigned the amount by which purchase price remitted to the payment delivered Company by the Subscriber to undersigned, without interest thereon or deduction therefrom, in exchange for the Agent exceeds the subscription price of the number of Units sold to the Subscriber pursuant to a partial acceptance of this Subscription Agreement will be promptly delivered to the Subscriber without interestShares.

Acceptance or Rejection of Subscription. The Partnership and the Agent may, in their absolute discretion, accept or reject the Subscriber's subscription for Units Payment has been made simultaneous herewith by either (i) wire transfer as set forth below or (ii) by check payable to Enterologics, Inc., in this full payment of the shares of common stock subscribed for (the “Subscription AgreementPayment”). The wire transfer instructions are as follows: Name of Bank: _________________ Routing Number: _______________ Account Number: ______________ Account Name : Enterologics, Inc. If the undersigned has paid by check, the undersigned has sent a check by overnight mail to: ENTEROLOGICS, INC. 600 Xxxxxxx Xxxxxx Xxxxxxxxxx, Xxx Xxxx 00000 Attention: Lxxx Xxxxxxxx The undersigned agrees that subject to the conditions set forth herein, the Company will accept subscriptions and payments therefor as they are received. The undersigned further understands that the Company will notify the undersigned as to whether its subscription has been accepted in whole or in partpart as reasonably promptly as possible. If the Company accepts all or a portion of the undersigned’s subscription, the undersigned agrees that this Agreement shall become effective with respect to the Company and the undersigned, and the Partnership and the Agent reserve the right to allot Company will promptly deliver to the Subscriber less than undersigned an executed copy of this Agreement and a share certificate representing the amount of Units subscribed for under this Subscription AgreementShares. Notwithstanding the foregoing, the Subscriber The undersigned acknowledges and agrees that the acceptance of Company may terminate this Subscription Agreement will be conditional upon among other things, offering at any time. In the event the sale of the Units to the Subscriber being exempt from any prospectus requirements of applicable securities laws. The Aggregate Subscription Amount will not be releasable to the Partnership until midnight on the 2nd business day after the Subscriber has signed the Subscription Agreement. Upon acceptance of this Subscription Agreement Shares subscribed for by the Partnership at Closing, all funds paid to the Agent will be paid to the Partnership without any further action or consent required undersigned is not consummated by the Subscriber. The Partnership will Company for any reason (in which event this Agreement shall be deemed to be rejected), this Agreement and any other agreement entered into between the undersigned and the Company relating to this subscription shall thereafter have accepted this Subscription Agreement upon no force or effect and the delivery at Closing of the certificates representing the Units Company shall promptly return or cause to the Subscriber or upon the direction of the Subscriber in accordance with the provisions hereof. If this Subscription Agreement is rejected in whole, any certified cheque(s) or bank draft(s) delivered by the Subscriber to the Agent on account of the Aggregate Subscription Amount for the Units subscribed for will be promptly returned to the Subscriber without interest. If this Subscription Agreement is accepted only in part, a cheque representing undersigned the amount by which purchase price remitted to the payment delivered Company by the Subscriber to undersigned, without interest thereon or deduction therefrom, in exchange for the Agent exceeds the subscription price of the number of Units sold to the Subscriber pursuant to a partial acceptance of this Subscription Agreement will be promptly delivered to the Subscriber without interestShares.