Subscription Agreement JBI, Inc. Common Stock Offering at the Price of $0.05 per Share (“Offering”)Subscription Agreement • February 24th, 2014 • Jbi, Inc. • Wholesale-electrical appliances, tv & radio sets • New York
JBI, Inc. (OTC: JBII) (“JBI” or the “Company”) is Offering to sell to the undersigned shares of the Company’s common stock, at the price of $0.05 (five cents) per share (“Shares”). The Shares in this offering are restricted pursuant to Securities and Exchange Commission (“SEC”) Rule 144, promulgated under the Securities Act of 1933, as amended (the “Securities Act”). In further consideration of this transaction, the Company shall provide a warrant to purchase _______ shares to __________, which appears at Exhibit A to this Agreement.
NEITHER THIS WARRANT NOR THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER THE APPLICABLE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION, AND MAY NOT BE SOLD,...Exercise Agreement • February 24th, 2014 • Jbi, Inc. • Wholesale-electrical appliances, tv & radio sets • New York
FOR VALUE RECEIVED, JBI, INC., a Nevada corporation (the "Company"), promises to issue in the name of, and sell and deliver to _____________ (the "Holder") a certificate or certificates for an aggregate of ________ shares of the Company's common stock, par value $0.001 per share (the "Common Stock"), upon cashless exercise or payment by the Holder of $0.10 per share (the "Exercise Price"), with the Exercise Price being subject to adjustment in the circumstances set forth below.
