EXHIBIT 10.06 - SUBSCRIPTION AGREEMENT WITH PALISADES FINANCIAL LTD.
ASDAR INC., A NEVADA CORPORATION
SUBSCRIPTION DOCUMENTS
The attached Subscription Documents must be completed and delivered to ASDAR
Inc., a Nevada corporation ("Company") as follows:
MAIL TO: ASDAR Inc.
0000 Xxxx Xxxxxxx Xxxxxx, Xxxxx 0000, Xxxxxxxxx, Xxxxxxx Xxxxxxxx X0X 0X0
Subscriptions must be paid (at a price of $0.70 per Unit) by a personal check
or by a cashier's check or by a bank wire transfer. For payment, refer to
Payment Instructions on page 3.
SECTION A - HOW TO SUBSCRIBE
To subscribe for units to be issued by the Company which are comprised of (i)
one share of the Company's $.001 par value common stock and (ii) a warrant
which will enable you to acquire from the Company one share of the Company's
$.001 par value common stock at a purchase price of $.75 per share ("Units")
at a purchase price of $.70 per Unit, you must complete the enclosed
Subscription Agreement and the Purchaser Suitability Questionnaire.
Directions for the Subscription Agreement are as follows:
250,000 175,000 US
1. Minimum Investment - __________________Units ($__________________).
2. Be sure to provide your correct name, address and Social Security
number or tax identification number, as this information will appear on the
official records of the Company.
3. Sign and be sure that you have checked and initialed the appropriate
type of ownership.
4. Signature and Supporting Material Requirements - The following
requirements have been established for the various capacities in which Units
may be purchased and held other than by you as an individual:
JOINT TENANTS WITH RIGHT OF SURVIVORSHIP: The signatures of both joint tenants
are required.
COMMUNITY PROPERTY: The signatures of both husband and wife are required,
unless a separate document signed by both parties and designating either party
as agent of the other party for purposes of signing accompanies the
Subscription Agreement.
TENANTS IN COMMON: The signatures of all parties are required.
TENANTS BY THE ENTIRETY: The signatures of all parties are required.
PARTNERSHIP: The Subscription Agreement must be accompanied by a copy of the
signed partnership agreement.
TRUST: The Subscription Agreement must be accompanied by a copy of the signed
trust agreement.
CORPORATION: The Subscription Agreement must be accompanied by a certified
copy of the resolution of the Board of Directors of the subscribing
corporation designating the officer(s) of that corporation authorized to sign
on behalf of that corporation and of the resolution of that Board of Directors
authorizing the purchase of Units.
5. Furnish the following:
(a) Completed Subscription Agreement;
(b) Supporting material if required (see Item 4 above);
(c) A personal check or cashier's check or bank wire transfer in the amount of
your subscription (Refer to Payment Instructions on page 3).
SECTION B - SUBSCRIPTION AGREEMENT
250,000
The undersigned hereby subscribes to __________________Units, each Unit
consisting of (i) one share of the Company's $0.001 par value common stock and
(ii) a warrant for the purchase of one share of the Company's $0.001 par value
common stock at a purchase price of $0.75 per share.
The undersigned confirms receipt of a Prospectus and has had an opportunity to
and has read the Prospectus and has had the opportunity to receive
clarification from representatives of the Company concerning the contents of
the Prospectus. The undersigned further acknowledges that no representations,
written or oral, other than those contained in the Prospectus have been made
in connection with the offering of the Units and this Subscription Agreement.
The undersigned is aware that:
1). The Company has the right to accept or reject this subscription in
whole or in part. This subscription shall be deemed to be accepted by the
Company only when this Subscription Agreement is signed by the Company.
Subscriptions need not be accepted by the Company in the order in which
subscriptions are received.
2). The Company will hold all funds received in a separate account until
five (5) days after it has received and accepted subscriptions for not less
than 1,000,000 Units in the aggregate.
3). Subscriptions for Units are irrevocable and shall survive the
subscriber's death or disability. Payment in full of the purchase price of
the Units is due and must be made upon subscription.
How to Subscribe
You are subscribing to purchase a total of ___250,000_ Units at $.70 per Unit
($_175,000_US______) by (check and initial applicable line):
________ $_______________(_________Units) paid by cashier's check;
________ $_______________(_________Units) paid by personal check; or
X 175,000 250,000
________ $_______________(_________Units) paid by wiring funds.
MAKE CHECK PAYABLE TO: "ASDAR Inc."
MAIL TO: ASDAR Inc.
0000 Xxxx Xxxxxxx Xxxxxx, Xxxxx 0000
Xxxxxxxxx, Xxxxxxx Xxxxxxxx X0X 0X0.
WIRE TRANSFER INSTRUCTIONS:
Intermediary Bank: Xxxxxx Bank International
New York
ABA: 000000000
SWIFT: HATRUS33
Beneficiary Bank: Bank of Montreal
First Bank Tower
000 Xxxxxxx Xxxxxx
Xxxxxxxxx, XX X0X 0X0
Beneficiary Name: ASDAR Group Inc.
Beneficiary Acc. No.: 4687-341
For details, see How to Subscribe (immediately preceding this Subscription
Agreement)
Print name(s) in which Units are to be registered:
PALISADES FINANCIAL LTD
NAME:(1)___________________________________
Soc. Sec. or Tax I.D. No._______________________
NAME:(2)___________________________________
Soc. Sec. or Tax I.D. No._______________________
Address:_______806 - 0000 Xxxxxxx Xxxxxx, Xxxxxxxxx, X.X., X0X
4N5____________________
______________________________________________________________________________
Title to your purchased Units is to be held as follows (check and initial
one):
a. ________ Husband & Wife, as community property
b. ________ Joint Tenants
c. ________ Tenants in Common
d. ________ Individual
e. ____X___ Corporation
f. ________ Partnership
g. ________ Trust
h. ________ Other:
Please Describe_____________________________________________________________
NOTE: BY SIGNING THIS SUBSCRIPTION AGREEMENT AND UPON ACCEPTANCE THEREOF, YOU
ARE ENTERING INTO AN AGREEMENT AND AGREEING TO INVEST MONEY WITH THE COMPANY.
This Subscription Agreement constitutes the entire agreement among the parties
hereto with respect to the subject matter hereof.
January 31
DATED:____________________ 2001, at ________________________________________
/s/ Palisades Financial Ltd.
(1)___________________________________ (2)___________________________________
NOTE: If Units are to be registered in more than one name, all subscribers
must sign.
Acceptance of Subscription
Agreed to and accepted:
By: /s/ ASDAR Inc.,
a Nevada corporation
/s/ Xxxxxx Xxxxxx
By: ____________________________________ _____________________________
Its: President
/s/ Xxxx Sha
By: ____________________________________ _____________________________
Its: Secretary
