Virtra Systems, Inc. This offering consists of $500,000 of the Company’s 3 Year Convertible Debentures convertible into the Company’s Common Stock. SUBSCRIPTION AGREEMENTSubscription Agreement • August 3rd, 2005 • Virtra Systems Inc • Services-amusement & recreation services • Massachusetts
Convertible Debentures of Virtra Sytems, Inc. (the “Company”) are being offered (the “Debentures”). This offering is being made in accordance with the exemptions from registration provided for under Section 4(2) of the Securities Act of 1933, as amended (the “1933 Act”) and Rule 506 of Regulation D promulgated under the 1933 Act.
WARRANT AGREEMENTWarrant Agreement • August 3rd, 2005 • Virtra Systems Inc • Services-amusement & recreation services • Massachusetts
Virtra Systems, Inc., a corporation organized under the laws of the State of Texas (the "Company"), hereby certifies that, for value received from Dutchess Private Equities Fund, II, L.P., ("Holder"), is entitled, subject to the terms set forth below, to purchase from the Company up to a total of Five Hundred Thousand (500,000) shares of Common Stock, $.005 par value per share (the "Common Stock"), of the Company (each such share, a "Warrant Share" and all such shares, the "Warrant Shares") at an exercise price equal to nineteen cents ($.19) per share. The Warrant may be exercised on a cashless basis anytime after issuance through and including the fifth (5th) anniversary of its issuance (the "Expiration Date"), subject to the following terms and conditions:
