ContractPrivate Placement Subscription Agreement • November 5th, 2007 • SPO Medical Inc • Measuring & controlling devices, nec • New York
THIS PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT (“SUBSCRIPTION AGREEMENT”) RELATES TO AN OFFERING OF SECURITIES IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”).
FORM OF AGREEMENTConversion Agreement • November 5th, 2007 • SPO Medical Inc • Measuring & controlling devices, nec
WHEREAS under a Subscription Agreement in 2006, SPO Medical Inc. (“SPO”) sold Subscriber (named below) certain SPO securities consisting of (i) a 8% promissory notes with interest and principal repayable at the end of 12 months (the “Note”); and (ii) a two year common stock purchase warrant to purchase 16,250 shares of Common Stock of the Company for each $25,000 of principal loaned to Company (the “Warrant”); and
