TELENETICS CORPORATION
1999 EMPLOYEE STOCK PURCHASE PLAN
SUBSCRIPTION AGREEMENT
Attached to this Subscription Agreement as Exhibits A and B are copies
of the Telenetics Corporation 1999 Employee Stock Purchase Plan (the "Plan") and
related Prospectus. The Plan is voluntary and provides Eligible Employees the
opportunity to purchase shares of the Company's common stock at a discount. You
should complete this form if you want to participate in the Plan commencing with
the _____________ to ____________ Offering Period. IN ORDER TO BE VALID, THIS
SUBSCRIPTION AGREEMENT MUST BE PROPERLY EXECUTED AND RECEIVED BY THE CORPORATION
ON OR BEFORE ___________.
DEFERRAL ELECTION. If you are an Eligible Employee (as defined in the Plan) as
of ___________, you may participate in the Plan for the ____________ to
_____________ Offering Period.
To commence participation in the Plan, initial the box below and indicate the
level of Contributions that are to be deducted from your Compensation. You
should indicate the level of Contributions that are to be deducted from your
Compensation (excluding bonuses) and from your bonuses (if any).
____ I hereby authorize the Company to deduct from my paycheck each pay
period ____% (designate a whole number from 1% to 10%, or zero) of my
Compensation (excluding bonuses) and ____% (designate a whole number
from 1% to 10%, or zero) of my bonuses, for the purchase of Common
Stock under the Plan. My Contributions will be deducted from each one
of my paychecks beginning with the first full pay period commencing on
__________ and will continue for the entire Offering Period (unless my
Plan participation terminates or until I file a Withdrawal Form or a
Change in Contributions Form with the Company pursuant to the terms of
the Plan). My Contributions are subject to certain limits under the
Plan and any Contributions in excess of these limits will be refunded
to me. I must file a new Subscription Agreement for each Offering
Period in which I am eligible and wish to participate in the Plan.
BENEFICIARY DESIGNATION. (Please initial the following box if you have attached
a Designation of Beneficiary form. If you have already filed a Designation of
Beneficiary form under the Plan, you do not need to file a new form unless you
wish to change your beneficiary.)
____ I hereby acknowledge that I have read and completed the Designation of
Beneficiary attached hereto as Exhibit C.
SIGNATURE. I hereby agree to be bound by the terms of the Plan, acknowledge
receipt of a copy of the Plan and Prospectus, and authorize the election,
payroll deductions, and beneficiary designation (if applicable) specified above.
____________________________ ___________________________
Signature Date
____________________________ ___________________________
Print Name Social Security Number
