SUBSCRIPTION AGREEMENT – CONVERTIBLE DEBENTURESSubscription Agreement • January 21st, 2011 • Transakt Ltd. • Telephone & telegraph apparatus • British Columbia
Details of Subscription: The undersigned (the “Subscriber”) hereby irrevocably subscribes for and agrees to purchase from the Company, on the terms and conditions set forth herein and in the attached schedules, that number of units of the Company (“Units”) set out below at a price of $1,000 per Unit. Each Unit shall consist of one $1,000 principal amount convertible debenture (the “Convertible Debenture”) of the Company. The securities subscribed for in this Agreement form part of a larger private placement (the “Private Placement”) of an aggregate of CDN$_________ Convertible Debentures. A term sheet describing the terms, conditions and attributes of the Convertible Debentures is attached hereto as Schedule “A”.
