Common use of Subscription for Units and Representations by and Covenants of Subscriber Clause in Contracts

Subscription for Units and Representations by and Covenants of Subscriber. 1.1 Subject to the terms and conditions hereinafter set forth, the Subscriber hereby subscribes for and agrees to purchase from the Company such number of Units as is set forth upon the signature page hereof at a price equal to $100,000 per Unit, and the Company agrees to sell such Units to the Subscriber for said purchase price, subject to the Company's right to sell to the Subscriber such lesser number of Units, or no Units, as the Company may, in its sole discretion, deem necessary or desirable. The purchase price is payable by certified or bank check made payable to "American Stock Transfer and Trust Company, as Escrow Agent for drk▇▇▇.▇▇▇, ▇nc." or by wire