a) Please indicate on the Subscription Agreement and the Confidential Purchaser Questionnaire how the Shares are to be held (e.g.joint tenants with rights of survivorship, tenants by the entireties, etc.) (b) Please return Subscription Documents and...
Prepared by XXXXXXX CORPORATION xxx.xxxxxxxxxxxxxx.xxxQuickLinks
Exhibit 4.2 Form of Subscription Agreement From 8/8/99 Rule 505 (Amended To Be Rule 506) Offering and Terms of Offering Pages From Private Placement Memorandum, Dated 8/8/99, Describing Rights of Subscribers.
VIEW SYSTEMS, INC. (A Florida Corporation)
NOTES TO SUBSCRIBERS: (a) Please indicate on the Subscription Agreement and the Confidential Purchaser Questionnaire how the Shares are to be held (e.g.joint tenants with rights of survivorship, tenants by the entireties, etc.) (b) Please return Subscription Documents and checks to the Company c/o Xxxxxx X. Xxxxxxx, 0000 Xxxxxx Xxxx, Xxxxx X, Xxxxxxxx, Xx. 00000. ALL CHECKS SHOULD BE MADE PAYABLE TO VIEW SYSTEMS, INC. (c) Additional copies of the required forms are available from the Company at 0000 Xxxxxx Xxxx, Xxxxx X, Xxxxxxxx, XX 00000 or by calling the Company at (000) 000-0000. (d) You have should have received the Confidential Private Placement Memorandum from the Company and we are required to give this to you before accepting your subscription. Please do not submit your subscription if you have not received this document. By submitting your subscription, you are acknowledging that you have received the Confidential Private Placement Memorandum prepared for this offering.
To: | View Systems, Inc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
X/x Xxxxxx X. Xxxxxxx | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
0000 Xxxxxx Xxxx, Xxxxx X | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Xxxxxxxx, Xxxxxxxx 00000
Gentlemen:
You
have informed me that the Company is offering shares of the Company's common stock at a price of $2.00 per share.
1. Subscription. Subject to the terms and conditions of this Subscription
Agreement (the "Agreement"), the undersigned hereby tenders this subscription, together with the payment (in cash or by bank check in lawful funds of the United States) of an amount equal to $2.00 per
Share, and the other subscription documents, all in the forms submitted to the undersigned. PLEASE BE SURE TO MAKE THE CHECK PAYABLE TO VIEW SYSTEMS, INC..
2. Acceptance of Subscription: Adoption and Appointment. It is understood and
agreed that this Agreement is made subject to the following terms and conditions:
(a)
The Company shall have the right to accept or reject subscriptions in any order it shall determine, in whole or in part, for any reason (or for no reason).
(b)
Investments are not binding on the Company until accepted by the Company. The Company will refuse any subscription by giving written notice to the purchaser by personal delivery
or first-class mail. In its sole discretion, the Company may establish a limit on the purchase of Shares by a particular purchaser.
(c)
The undersigned hereby intends that his signature hereon shall constitute an irrevocable subscription to the Company of this Agreement, subject to a three day right of rescission
for Florida residents pursuant to Section 517.061 of the Florida Securities and Investor Protection Act. Each Florida resident has a right to withdraw his or her subscription for Shares,
without any liability whatsoever, and receive a full refund of all monies paid, within three days after the execution of this Agreement or payment for the Shares has been made, whichever is later. To
accomplish this withdrawal, a subscriber need only send a letter or telegram to the Company at the address set forth in this Agreement, indicating his or her intention to withdraw. Such letter or
telegram should be sent and postmarked prior to the end of the aforementioned third day. It is prudent to send such letter by certified mail, return receipt requested, to ensure that is received and
also to evidence the time when it was mailed. If the request is made orally (in person or by telephone) to the Company a written confirmation that the request has been received should be requested.
Upon
satisfaction of the all the conditions referred to herein, copies of this Agreement, duly executed by the Company, will be delivered to the undersigned.
3. Representations and Warranties of the Undersigned. The undersigned hereby
represents and warrants to the Company as follows:
(a)
The undersigned (I) has adequate means of providing for his current needs and possible personal contingencies, and he has no need for liquidity of his investment in the
Company; (ii) is an Accredited Investor, as defined below, or has the net worth sufficient to bear the risk of losing his entire investment; or (iii) has, such knowledge and experience
in financial matters that the undersigned is capable of
evaluating the relative risks and merits of this investment. "Accredited Investors" include: (I) accredited investors as defined in Regulation D under the Securities Act of 1933, as
amended ("Reg. D") i.e., (a) $1,100,000 in net worth (including spouse) or (b) $200,000 in annual income for the last two years and projected for the current year; and (ii) the
Company or affiliates of the Company. "Non-Accredited Investors" are all subscribers who are not "Accredited Investors." All "Non-Accredited" investors must have either a
preexisting personal or business relationship with the Company or any of its affiliates, or by reason of their business or financial experience (or the business or financial experience of their
unaffiliated professional advisors) would reasonably be assumed to have the capacity to protect their own interests in connection with this investment.
(b)
The undersigned is purchasing for his/her own account not with a view to or for resale in connection with any distribution of the Shares.
(c)
The undersigned has received and read or reviewed and represents he is familiar with this Agreement and the Memorandum accompanying these documents. The undersigned confirms that
all documents, records and books pertaining to the investment in the Company and requested by the undersigned have been made available or have been delivered to the undersigned.
(d)
The undersigned has had an opportunity to ask questions of and receive answers from the Company or a person or persons acting on its behalf, concerning the terms and conditions of
this investment and the financial condition, operations and prospects of the Company.
(e)
The undersigned understands that the Shares have not been registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws and are
instead being offered and sold in reliance on exemptions from registration.
(f)
The Shares for which the undersigned hereby subscribed are being acquired solely for his own account, and are not being purchased with a view to or for the resale, distribution,
subdivision, or fractionalization hereof. He has no present plans to enter into any such contract, undertaking, agreement or arrangement. In order to induce the Company to sell and issue the Shares
subscribed for hereby to the undersigned, it is agreed that the Company will have no obligation to recognize the ownership, beneficial or otherwise, of such Shares by anyone but the undersigned.
(g)
The undersigned acknowledges and is aware that no federal or state agency has made any finding or determination as to the fairness of the offering of Shares for investment or any
recommendation or endorsement of the Shares.
(h)
That the Company shall incur certain costs and expenses and undertake other actions in reliance upon the irrevocability of the subscription (following the three day rescission
period described in Paragraph 2(c) of this Agreement) for the Shares made hereunder.
The
foregoing representations and warranties are true and accurate as of the date of delivery of the Funds to the Company and shall survive such delivery. If, in any respect, such
representations and warranties shall not be true and accurate prior to the delivery of the Funds pursuant to Paragraph 1 hereof, the undersigned shall give written notice of such fact to the
Company.
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