SUBSCRIPTION AGREEMENT IGNIS PETROLEUM GROUP, INC. April 19, 2006Subscription Agreement • June 20th, 2006 • Ignis Petroleum Group, Inc. • Metal mining • Texas
The undersigned, Petrofinanz GmbH (the “Subscriber”) understands that Ignis Petroleum Group, Inc., a Nevada Corporation (the “Company”), is offering for sale to the undersigned shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at a purchase price of $1.10 per share, which is equal to the bid price per share of the Common Stock as quoted by Bloomberg, LP at the close of business on the date hereof (the “Bid Price”). The Subscriber agrees to purchase the Common Stock upon the terms and conditions set forth herein. The Subscriber acknowledges and understands that the offering of the Common Stock (the “Offering”) is being made without registration of the Common Stock under the Securities Act of 1933, as amended (the “Act”), or any securities “blue sky” or other similar laws of any state (“State Securities Laws”).
