EXHIBIT 10.3
SUBSCRIPTION AGREEMENT
This SUBSCRIPTION AGREEMENT when signed by Xxxx X. Xxxxxx located at 000 X.
Xxxxxxxxx Xxx. Xxxxxxx, Xxxxxxx 00000 hereafter referred to as the "PARTICIPANT"
and RAVEN MOON INTERNATIONAL, INC. a public reporting Florida corporation
located at 000 Xxxxxxxxxxxxx Xxxxxxx, Xxxxx 000, Xxxxxxxx, Xxxxxxx 00000
hereafter referred to as RMOO shall constitute a binding agreement.
THEREFORE FOR VALUABLE CONSIDERATION the parties agree as follows:
The PARTICIPANT has made a loan to RMOO acknowledged by a Promissory Note in the
amount of $40,000 in legal services.
THEREFORE BOTH PARTIES HAVE AGREED THAT by the transfer of 290,000 shares of
common stock to RMOO and the execution of this SUBSCRIPTION AGREEMENT, RMOO
shall give the PARTICIPANT 870,000 Shares of Preferred RMOO stock and
irrevocably pay the PARTICIPANT a FULL REPAYMENT of $40,000 plus 10% interest
from the first funds received from RMOO's planned Public Offering plus 40,000
Tradable Common Shares of Stock plus a Gross Revenue Royal o 0.5% of Gross
Revenues received by RMOO for TEN (10) Years. The LOAN REPAYMENT AND ROYALTY
PAYMENTS shall be paid on a pro rata basis with other PARTICIPANTS.
It is understood that the execution of this agreement acknowledges that the
PARTICIPANT is an accredited investor who can bare the risk of losing part or
all of his/her corporate advance made to RMOO. Furthermore the PARTICIPANT
acknowledges that he/she has sought the advise of either his/her legal or
financial advisor and is making this corporate advance of his/her own free will
and that this is a high risk venture and undertaking with no guarantee
whatsoever of success.
The PARTICIPANT shall have three (3) days from the date of this agreement to
rescind this agreement.
Both parties acknowledge that this is a complete agreement that cannot be
amended or change without written approval by both parties.
Both parties agree that any dispute that may arise between them shall be settled
in arbitration in Seminole County, Florida according to the laws of Florida.
THIS AGREEMENT IS ACCEPTED AND AGREED TO ON THIS 17th DAY OF April 2000
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/s/ Xxxx XxXxxxxxxxx
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Xxxx XxXxxxxxxxx
Raven Moon International, Inc.
/s/ Xxxx X. Xxxxxx
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Xxxx X. Xxxxxx
