SUBSCRIPTION AGREEMENTSubscription Agreement • February 11th, 2011 • Black Tusk Minerals Inc. • Mining & quarrying of nonmetallic minerals (no fuels) • Washington
The undersigned (the “Subscriber”) hereby irrevocably subscribes (the “Subscription”) for and agrees to purchase from Black Tusk Minerals Inc. (the “Corporation”) 7% Convertible Debentures of the Corporation (the “Debentures”) in the principal amount set forth in “Aggregate Subscription Amount” below. The Debentures are convertible at the option of the holder into shares of common stock of the Corporation, par value $0.001 (a “Common Share”) at a conversion price of $0.05 per Common Share and one common share purchase warrant (a “Warrant”) par value $0.001, each Warrant exercisable to acquire one share of common stock of the Corporation, par value $0.001 (“Warrant Share”) , at an exercise price $0.05 per Warrant Share until March 1, 2016 (collectively the Debentures, the Common Shares and the Warrants and the Warrant Shares are referred to herein as the “Securities”). The Subscriber agrees to be bound by the terms and conditions set forth in the attached “Terms and Conditions of Subscr
ContractDisgorgement and Settlement Agreement • February 11th, 2011 • Black Tusk Minerals Inc. • Mining & quarrying of nonmetallic minerals (no fuels) • Washington
This Agreement is made as of the 8th day of February, 2011, by and between Black Tusk Minerals Inc. (the “Company”) and Magellan Management Company, which is controlled by Gavin Roy, a director and executive of the Company (the “Affiliate”) in connection with a claim arising under Section 16(b) of the Securities Exchange Act of 1934.
