PACIFIC BIOMETRICS, INC. PLACEMENT AGENT AGREEMENTPacific Biometrics Inc • May 15th, 2003 • Services-commercial physical & biological research • Washington
Pacific Biometrics, Inc., a Delaware corporation (the “Company”), proposes to offer and sell to selected accredited purchasers upon the terms and subject to the conditions set forth in the Company’s Private Placement Memorandum (“PPM”) up to 1,166,666 shares of the Company’s Series B convertible 8% preferred stock (“Preferred Stock”) at $3.00 per share to raise up to $5,000,000, all as more particularly described in the PPM. Each share of Preferred Stock is convertible 12 months from the date of purchase into one share of common stock on a share for share basis.
