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Exhibit No. 10(i)(b)(i)
CAUTION: THIS FORM IS ONLY FOR USE BY RESIDENTS OF AL, NJ AND VA. RESIDENTS OF
AK, DC, HI, ID, MT, NE, NM, ND, RI, SD, TN, UT, VT, WA, AND WY ARE NOT PERMITTED
TO PURCHASE SHARES IN THIS OFFERING. RESIDENTS OF ALL OTHER STATES MUST USE A
DIFFERENT FORM.
INSTRUCTIONS TO
ACCREDITED INVESTOR SUBSCRIPTION AGREEMENT
FOR
FANZ ENTERPRISES, INC.
Persons interested in purchasing shares of Common Stock, $.01 par value per
share, ("Shares") of FanZ Enterprises, Inc. (the "Company") must :
1. FULLY complete and sign the attached Subscription Agreement (the
"Agreement");
PLEASE COMPETE THE ENTIRE FORM. INCOMPLETE FORMS WILL BE RETURNED
TO YOU.
2. Include a check made payable to "FIRSTAR BANK, N.A., ESCROW ACCOUNT
FOR FANZ ENTERPRISES, INC." (Please note the minimum amount of
$250.00.)
3. Send the completed and signed AGREEMENT AND CHECK to:
FanZ Enterprises, Inc.
0000 Xxxxxx Xxxxx
Xxxxxx, XX 00000
If and when accepted by the Company, the Agreement shall constitute a
subscription for Shares of the Company. THE MINIMUM INVESTMENT IS $250.00 (25
SHARES).
The Company reserves the right to reject in its entirety any subscription
that is tendered or to allocate to any prospective purchaser a smaller number of
Shares than the prospective purchaser has subscribed to purchase. In such event,
the Company will return to you the Agreement, your payment (or a pro rata
portion of your payment, if subscription is rejected only in part), with
interest if your check or funds are deposited in the escrow account.
A copy of the accepted Agreement will be returned to you as your receipt,
and a stock certificate will be issued to you shortly thereafter.
PLEASE COMPLETE AND RETURN THE
ATTACHED PAGES WITH YOUR CHECK
NOTE: Before completing the attached subscription agreement, you should
carefully and completely read the Company's Prospectus. In making your
investment decision, you should rely only on the information in the
Company's Prospectus and not on any other information.
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ACCREDITED INVESTOR SUBSCRIPTION AGREEMENT
FOR
FANZ ENTERPRISES, INC.
I/we hereby irrevocably tender this Agreement for the purchase of _________
Shares (25 SHARES MINIMUM) at $10.00 per Share. With this Agreement, I/we tender
payment in the amount of $_______ ($10.00 per Share; $250.00 MINIMUM INVESTMENT)
for the Shares subscribed.
In connection with this investment in the Company, I/we represent and warrant as
follows (MUST INITIAL ALL CATEGORIES):
____ (A) I am/we are bona fide resident(s) of , .
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(State) (Country)
____ (B) I am/we are purchasing the shares for my/our own account.
____ (C) I/we have received a copy of the Company's Prospectus, dated
_____________, 2001.
____ (D) I/we understand that the shares being purchased are not liquid.
____ (E) I am/we are an "Accredited Investor" as defined in Rule 501 of
Regulation D promulgated by the U.S. Securities and Exchange
Commission, which means that I/we have either (i) an individual income
of $200,000 or more in each of the two most recent years or joint
income with my spouse in excess of $300,000 in each of those years and
reasonably expect to reach the same income level in the current year
OR (ii) an individual net worth or joint net worth with my spouse at
the time of subscription of $1,000,000. (All computations of net worth
must exclude the value of the investor's principal residence, its
furnishings and personal automobile(s). All other assets should be
valued at their fair market value).
PLEASE NOTE: The securities agencies of the following states require that
residents of these states must meet the investor suitability standards listed
below prior to being permitted to invest in the Company's Stock. (Unless
otherwise noted, all computations of net worth must exclude the value of the
investor's principal residence, its furnishings and personal automobile(s). All
other assets should be valued at their fair market value).
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ALABAMA, NEW JERSEY & VIRGINIA Residents must have either (i) an individual
income of $200,000 or more in each of the
two most recent years or joint income with
their spouse in excess of $300,000 in each
of those years and reasonably expect to
reach the same income level in the current
year OR (ii) an individual net worth or
joint net worth with their spouse at the
time of subscription of $1,000,000.
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OHIO In order to subscribe for more than the
minimum number of 25 Shares, residents must
have either (i) an individual or joint
annual income with their spouse in excess of
$65,000 and an individual or joint net worth
with their spouse of $65,000 (including the
value of homes, home furnishings and
automobiles) OR (ii) an individual or joint
net worth with their spouse of $500,000
(including the value of homes, home
furnishings and automobiles).
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ARIZONA, ARKANSAS, CALIFORNIA, Residents must have either (i) an
CONNECTICUT, DELAWARE, INDIANA, annual gross income of $65,000 or more and
IOWA, KANSAS, KENTUCKY, MAINE, a minimum net worth of $65,000 OR (ii) a
MARYLAND, MASSACHUSETTS, minimum net worth of $150,000.
MICHIGAN, MINNESOTA, MISSISSIPPI,
MISSOURI, NEVADA, NEW HAMPSHIRE,
NORTH CAROLINA, OKLAHOMA, OREGON,
PENNSYLVANIA, SOUTH CAROLINA,
TEXAS, WEST VIRGINIA & WISCONSIN
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PLEASE CONTINUE ON THE NEXT PAGE
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Form/Type of Ownership for Shares Being Purchased (MUST check one):
___ Individual
___ Existing Partnership
___ Corporation
___ Minor with adult custodian
under the Uniform Gift
To Minors Act
___ Tenants-in-Common
___ Joint Tenants
___ Trust
For the person(s) who will be registered shareholder(s) (MUST FULLY COMPLETE):
Name of shareholder as you would like it to appear on stock certificate:
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Name(s): Telephone:
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Street Address: Social Security or
--------------------------- Taxpayer ID No.:
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City: State: ____ Zip: Date of Birth:
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Signature: Date:
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ACCEPTED BY: FANZ ENTERPRISES, INC.
By: Title: Date:
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Method of Payment: Item No.
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