PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT (For purchasers resident in the United States)Private Placement Subscription Agreement • December 20th, 2006 • Wescorp Energy Inc • Oil & gas field services, nec • Delaware
Private Placement of up to 10,000,000 units (the “Units”) at US$0.50 per Unit, each Unit consisting of one share of common stock with a par value of $0.0001 (a “Common Share”) and one non-transferable share purchase warrant (a “Warrant”). Each Warrant will entitle the Subscriber to subscribe for one additional Common Share at a price of US$0.75 per share at any time up to 4:00 p.m. (the "Time of Expiry") local time in Edmonton, Alberta on that date which is 24 months from the date of issue (the "Expiry Date"). After six months from the date of issue, the Warrants shall be deemed exercised, in accordance with their terms, at any time prior to the Time of Expiry on the Expiry Date if the weighted average trading price of the Corporation's Common Shares as traded on the NASD OTC Bulletin Board for the previous ten (10) trading days was at least $1.50 per Common Share. In the event that the aggregate exercise price for the Warrants is not tendered to the Corporation with 30 days of their d
PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT (For purchasers resident in Alberta and Ontario)Private Placement Subscription Agreement • December 20th, 2006 • Wescorp Energy Inc • Oil & gas field services, nec • Alberta
The Subscriber represents that the Subscriber falls within the category of "Family, Friends and Business Associates" which is initialled below:
