QI Systems Inc. Subscription Agreement PP2007-04Subscription Agreement • May 2nd, 2007 • Qi Systems Inc • Services-computer programming services
The undersigned agrees to purchase Units of QI Systems, Inc. (“QI SYSTEMS”) at a purchase price of $0.07 per Unit in the Private Placement Offering dated February 26, 2007. Each Unit consists of one share of common stock with a $0.001 par value ("Shares") and one warrant to purchase an additional share of common stock at the additional purchase price of $0.20 per share which is exercisable one hundred eighty (180) days after the close of the offering. Such warrant to purchase an additional share of common stock shall expire two (2) years from the closing of the Offering. If the Subscription stated below is accepted by QI SYSTEMS, the undersigned hereby executes and agrees to all the terms of offering and that the undersigned is an “Accredited Investor” as defined in Rule 501 of Regulation D under the Securities Act.
