SUBSCRIPTION AGREEMENT PRINCETON SECURITY TECHNOLGOIES, INC.
Exhibit
10.6
PRINCETON
SECURITY TECHNOLGOIES, INC.
This
Agreement shall constitute the irrevocable offer of the undersigned to purchase
shares of Common Stock in Princeton Security Technologies, Inc. a Nevada
Corporation (the “Company”). The purchase price per share of Common Stock is
$0.40. On execution by both parties, this Agreement shall become a bilateral
agreement binding on both the undersigned and the Company. Each part of this
Agreement must be completed by the undersigned and, by execution below, the
undersigned acknowledges that he or she understands that the Company and the
other investors are relying on the accuracy and completeness hereof in complying
with the obligations under applicable securities laws.
On
the
foregoing, it is hereby agreed as follows:
1. Subscription.
The
undersigned hereby irrevocably subscribes for the purchase of the number of
share of Common Stock set forth above the undersigned's signature to this
Agreement. The undersigned is tendering to the Company:
(a) Executed
original of this Agreement; and
(b) Executed
original of the completed suitability letter included in the subscription
documents;
2. General
Representations of Subscriber.
The
undersigned hereby represents and warrants as follows:
(a) The
undersigned is over the age of 21 years.
(b) The
undersigned acknowledges that neither the United States Securities and Exchange
Commission nor the securities commission of any state or other federal agency
has made any determination as to the merits of purchasing the shares of Common
Stock.
(c) The
undersigned has received and read the Prospectus dated ______________, 2007,
with respect to the purchase of shares of Common Stock and understands the
risks
of an investment in the Company, including the risks set forth under the caption
"RISK FACTORS" in the Prospectus. The undersigned acknowledges that an
investment in the Company involves a high degree of risk. The undersigned
acknowledges that, except as set forth in the Prospectus, no representations
or
warranties have been made to him, or to his advisors, by the Company, or by
any
person acting on behalf of the Company, with respect to the proposed business
of
the Company, or any other aspects or consequences of the purchase of shares
of
Common Stock and/or an investment in the Company, and that he or she has not
relied upon any information concerning the offering, written or oral, other
than
that contained in the Prospectus.
(d) The
undersigned, either alone or with the assistance of one or more advisers
selected and engaged by him or her, has such knowledge and experience in
business and financial matters that he or she is capable of evaluating the
Company, its business operations, and the risks and merits of an investment
in
the Company.
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(e) The
undersigned has been provided with all materials and information requested
by
the undersigned or his or her representatives, including any information
requested to verify any information furnished, and the undersigned has been
provided the opportunity for direct communication with the Company and its
representatives regarding the purchase made hereby, including the opportunity
to
ask questions of and receive answers from the executive officers and directors
of the Company.
(f) All
information which the undersigned has provided to the Company or its agents
or
representatives concerning the undersigned's suitability to invest in the
Company is complete, accurate, and correct as of the date of the signature
on
the last page of this Agreement. Such information includes, but is not limited
to, information concerning the undersigned's personal financial affairs,
business position, and the knowledge and experience of the undersigned and
the
undersigned's advisers.
(g) The
undersigned has adequate means of providing for his or her current needs and
possible personal contingencies and has no need now, and anticipates no need
in
the foreseeable future, to sell any of the shares of Common Stock for which
the
undersigned hereby subscribes. The undersigned is able to bear the economic
risks of this investment, and, consequently, without limiting the generality
of
the foregoing, is able to hold the shares of Common Stock for an indefinite
period of time, and has a sufficient net worth to sustain a loss of the entire
investment, in the event such loss should occur.
(h) The
undersigned is a resident of the state identified in the address set forth
hereinafter and has reviewed the applicable legend set forth respecting
residents of such state in the forepart of the Prospectus.
(i) The
undersigned acknowledges that this Agreement may be accepted or rejected in
whole or in part by the Company and that, to the extent the subscription may
be
rejected, the accompanying subscription payment will be refunded without payment
of interest and without deduction of expenses.
The
Company will notify the subscriber of the acceptance of this subscription.
The
total amount payable shall be the number of shares of Common Stock subscribed
for multiplied by the offering price of $0.40 per share of Common
Stock.
AGREED
AND ENTERED INTO this ____ day of ____________, _____.
Number
of
shares of Common Stock to be Purchased _______________
Dollar
amount at $0.40 per share of Common Stock: _________________
MAKE
CHECKS PAYABLE TO PRINCETON SECURITY TECHNOLOGIES, INC. ESCROW ACCOUNT
AT
ESCROW SPECIALIST
ESCROW
SPECIALIST FBO PRINCETON SECURITY TECHNOLOGIES, INC.
ESCROW
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_____________________________________
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_______________________________________ | |
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Signature
|
Signature
of Joint Subscriber, If Any
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| _______________________________________ | ||
|
Type
or Print Name of Subscriber(s) in Exact Form
to
be Used on Records of the Company
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| _______________________________________ | ||
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Tax
Identification Number or Social Security
Number
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Address:
________________________________
Number
and Street
________________________________
City,
State, and Zip
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ACCEPTANCE
OF SUBSCRIPTION
The
foregoing subscription is hereby accepted this ____ day of __________, _______.
By
___________________________________
Duly Authorized Officer
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