SUBSCRIPTION AGREEMENT
Firstar Trust Company
Corporate Trust Services
000 Xxxx Xxxxxxxx Xxxxxx, 0xx Xxxxx
Xxxxxxxxx, XX 00000
The undersigned ("Subscriber") hereby acknowledges receipt of
the Prospectus relating to the offer by Swing-N-Slide Corp. (the
"Company") of an aggregate of [625,000] shares (the "Maximum Offering
Number") of the Company's Common Stock, $.01 par value per share ("Common
Stock"). Under the terms and conditions set forth in the Prospectus, each
stockholder of the Company other than GreenGrass Holdings ("Other
Stockholder") is entitled to purchase his, her or its pro rata portion of
the Maximum Offering Number, determined by multiplying the Maximum
Offering Number by a percentage equal to the number of shares of Common
Stock owned by the Subscriber as of ____________, 1997 (the "Record Date"),
divided by [2,426,000], the total number of shares of Common Stock owned
by all Other Stockholders as of the Record Date, rounded down to the
nearest whole number of shares.
Under the terms and conditions set forth in the Prospectus, the
number of shares of Common Stock which the Subscriber is entitled to
purchase is as follows:
Maximum Offering Number: [625,000]
multiplied by X
Number of Shares Owned by Subscriber as of Record Date: __________
divided by
Total Number of Shares Owned by All Other Stockholders
As of Record Date: [2,426,000]
equals =
Number of Shares Offered to Subscriber,
Rounded Down to Nearest Whole Number of Shares
(the "Maximum Subscription Number"): __________
Under the terms and conditions set forth in the Prospectus, the
Subscriber hereby irrevocably commits to purchase and subscribes for the
number of shares of Common Stock set forth below, at the purchase price of
[$4.00] per share, or the aggregate purchase price set forth below:
Number of Shares of Common Stock Which Subscriber
Commits to Purchase (not to exceed Maximum Subscription
Number set forth above): __________
multiplied by X
Purchase Price Per Share of [$4.00]: $4.00
equals =
Aggregate Purchase Price of Shares Purchased: $__________
THIS SUBSCRIPTION AGREEMENT MUST BE RETURNED TO FIRSTAR TRUST
COMPANY (THE "SUBSCRIPTION AGENT"), CORPORATE TRUST SERVICES, 000 XXXX
XXXXXXXX XXXXXX, 0XX XXXXX, XXXXXXXXX, XXXXXXXXX 00000, BY 5:00 P.M.
CENTRAL TIME ON [OCTOBER 20, 1997] ("EXPIRATION DATE"). PAYMENT IN FULL
OF THE PURCHASE PRICE ("PURCHASE PRICE") FOR THE NUMBER OF SHARES OF
COMMON STOCK SUBSCRIBED FOR MUST BE MADE TOGETHER WITH THE RETURN OF THIS
SUBSCRIPTION AGREEMENT.
Payment may be made only by (a) check or bank draft drawn upon a
U.S. bank, or postal, telegraphic or express money order, payable to
Swing-N-Slide Corp., or (b) wire transfer of funds to the account
maintained by the Subscription Agent for the purpose of accepting
subscriptions, or (c) a combination of the foregoing. The Purchase Price
will be deemed to have been received by the Subscription Agent only upon
(i) clearance of any uncertified check, (ii) receipt by the Subscription
Agent of any certified check or bank draft drawn upon a U.S. bank or any
postal, telegraphic or express money order, or (iii) receipt of collected
funds in the Subscription Agent's account designated above.
THE METHOD OF DELIVERY OF THE SUBSCRIPTION AGREEMENT AND PAYMENT
OF THE PURCHASE PRICE TO THE SUBSCRIPTION AGENT ARE AT THE ELECTION AND
RISK OF THE SUBSCRIBER. IF SENT BY MAIL, THE SUBSCRIBER IS URGED TO SEND
THE SUBSCRIPTION AGREEMENT AND PAYMENTS BY REGISTERED MAIL, PROPERLY
INSURED, WITH RETURN RECEIPT REQUESTED, AND IS URGED TO ALLOW A SUFFICIENT
NUMBER OF DAYS TO ENSURE DELIVERY TO THE SUBSCRIPTION AGENT AND CLEARANCE
OF PAYMENT PRIOR TO THE EXPIRATION TIME.
IF PAYING BY UNCERTIFIED PERSONAL CHECK, PLEASE NOTE THAT THE
FUNDS PAID THEREBY MAY TAKE AT LEAST FIVE (5) BUSINESS DAYS TO CLEAR.
ACCORDINGLY, IF THE SUBSCRIBER WISHES TO PAY THE PURCHASE PRICE BY MEANS
OF UNCERTIFIED PERSONAL CHECK, THE SUBSCRIBER IS URGED TO MAKE PAYMENT
SUFFICIENTLY IN ADVANCE OF THE EXPIRATION DATE TO ENSURE THAT SUCH PAYMENT
IS RECEIVED AND CLEARS BY SUCH TIME, AND IS URGED TO CONSIDER IN THE
ALTERNATIVE PAYMENT BY MEANS OF CERTIFIED OR CASHIER'S CHECK, MONEY ORDER
OR WIRE TRANSFER OF FUNDS.
For further information about this Offering, please refer to the
Prospectus or contact Firstar Trust Company, Corporate Trust Services, 000
Xxxx Xxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxx 00000, telephone number (414)
287-3944.
IN WITNESS WHEREOF, the undersigned has executed this
Subscription Agreement as of the date set forth below.
Dated: _________________, 1997
_____________________________
Signature
(Must be signed exactly as name appears on stock certificate or on
security position listing.)
Print Name: ____________________________________
Address: ____________________________________
____________________________________
____________________________________
Telephone Number: ____________________________________
