AMG OIL LTD. SUBSCRIPTION AGREEMENTSubscription Agreement • January 22nd, 2010 • Adira Energy Ltd. • Oil & gas field exploration services • Ontario
The undersigned (hereinafter referred to as the “Subscriber”) hereby irrevocably subscribes for and agrees to purchase the number of units (“Units”) of the Corporation set forth below for the aggregate subscription price set forth below, representing a subscription price of US$0.25 per Unit, upon and subject to the terms and conditions set forth in “Terms and Conditions of Subscription” attached hereto (together with this page and the attached Schedules, the “Subscription Agreement”). Each Unit consists of one common share (“Common Share”) in the capital of the Corporation and one half of one transferable Common Share purchase warrant (each whole such purchase warrant a “Warrant”). Each whole Warrant shall be exercisable into one additional Common Share of the Corporation (“Warrant Share”) at an exercise price of US$0.50 per Warrant Share for a period of two years from the date of issuance.
