SUBSCRIPTION AGREEMENT
Exhibit 10.8
The
undersigned (the “Subscriber”), desires to become a
holder of common shares (the “Shares”) of AMERICAN
RESOURCES CORPORATION, a corporation organized under the laws of
the state of Florida (the “Company”); one share of
Common Stock has a par value $0.0001 per share. Accordingly, the
Subscriber hereby agrees as follows:
1.
Subscription.
1.1.
The Subscriber
hereby subscribes for and agrees to accept from the Company that
number of Shares set forth on the Signature Page attached to this
Subscription Agreement (the “Agreement”), in
consideration of $________ per share. This offer to purchase is
submitted in accordance with and subject to the terms and
conditions described in this Subscription Agreement (the
"Agreement"). The Subscriber acknowledges that the Company reserves
the right, in its sole and absolute discretion, to accept or reject
this subscription and the subscription will not be binding until
accepted by the Company in writing.
1.2.
The closing of the
Subscription of Shares hereunder (the “Closing”) shall
occur immediately upon: (i) receipt and acceptance by the Company
of a properly executed Signature Page to this Agreement; and (ii)
receipt of all funds for the subscription of shares
hereunder.
2.
Purchase Procedure. The
Subscriber acknowledges that, in order to subscribe for Shares, he
must, and he does hereby, deliver to the Company:
2.1.
One (1) executed
counterpart of the Signature Page attached to this Agreement
together with appropriate notarization; and
2.2.
A wire in the
amount set forth on the Signature Page attached to this Agreement,
representing payment in full for the Shares desired to be purchased
hereunder, made to the bank account of American Resources
Corporation.
3.
Representations of Subscriber.
By executing this Agreement, the Subscriber makes the following
representations, declarations and warranties to the Company, with
the intent and understanding that the Company will rely
thereon:
3.1.
Such Subscriber
acknowledges the public availability of the Company’s current
offering circular which can be viewed on the SEC Xxxxx Database,
under the CIK number 0001590715. This offering circular is made
available in the Company’s most recent 1-A Registration
Statement deemed qualified on _________________ __, 2018. In this
offering circular it makes clear the terms and conditions of the
offering of Common Stock and the risks associated therewith are
described.
3.2.
All information
herein concerning the Subscriber is correct and complete as of the
date hereof and as of the date of Closing.
3.3.
If the Subscriber
is purchasing the Shares in a fiduciary capacity for another person
or entity, including without limitation a corporation, partnership,
trust or any other entity, the Subscriber has been duly authorized
and empowered to execute this Subscription Agreement and all other
subscription documents. Upon request of the Company, the Subscriber
will provide true, complete and current copies of all relevant
documents creating the Subscriber, authorizing its investment in
the Company and/or evidencing the satisfaction of the
foregoing.
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4.
Applicable Law. This Agreement
shall be construed in accordance with and governed by the laws
applicable to contracts made and wholly performed in the State of
Florida.
5.
Execution in Counterparts. This
Subscription Agreement may be executed in one or more
counterparts.
6.
Persons Bound. This
Subscription Agreement shall, except as otherwise provided herein,
inure to the benefit of and be binding on the Company and its
successors and assigns and on each Subscriber and his respective
heirs, executors, administrators, successors and
assigns.
7.
Notices. Any notice or other
communication required or permitted hereunder shall be in writing
and shall be delivered personally, telegraphed, telexed, sent by
facsimile transmission or sent by certified, registered or express
mail, postage prepaid, to the address of each party set forth
herein. Any such notice shall be deemed given when delivered
personally, telegraphed, telexed or sent by facsimile transmission
or, if mailed, three days after the date of deposit in the United
States mails.
8.
CERTIFICATION. THE SUBSCRIBER CERTIFIES THAT HE HAS READ THIS
ENTIRE SUBSCRIPTION AGREEMENT AND THAT EVERY STATEMENT MADE BY THE
SUBSCRIBER HEREIN IS TRUE AND COMPLETE.
[SIGNATURE
PAGE FOLLOWS]
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SUBSCRIBER
SIGNATURE
The
undersigned, desiring to subscribe for the number of Shares of
AMERICAN RESOURCES CORPORATION (the “Company”) as is
set forth below, acknowledges that he/she has received and
understands the terms and conditions of the Subscription Agreement
attached hereto and that he/she does hereby agree to all the terms
and conditions contained therein.
IN
WITNESS WHEREOF, the undersigned has hereby executed this
Subscription Agreement as of the date set forth below.
(PLEASE
PRINT OR TYPE)
Number of
Shares:
_______________________
Per Share
Price:
_______________________
Total Amount of
Subscription:
_______________________
Exact name(s) of
Subscriber(s):
Signature of
Subscriber(s):
__________________________________
(Signature)
__________________________________
(Print
Name)
Date:
_____________________________
Residence or
Physical Mailing Address (cannot be a P.O. Box):
_______________________________
_______________________________
_______________________________
Telephone Numbers
(include Area Code):
Phone:
(___)________________
Social Security or
Taxpayer Identification Number(s):
_____-_____-_____
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