SUBSCRIPTION AGREEMENTSubscription Agreement • May 15th, 2008 • Global Clean Energy, Inc. • Blank checks • Maryland
The undersigned desires to exchange and convert all of the outstanding principal and interest owed to Profit Consultants, Inc. (“Profit Consultants”) by Global Clean Energy, Inc., a Maryland corporation (the “Company”), pursuant to that certain Promissory Note, dated October 20, 2007, executed by the Company (the “Promissory Note”), for shares of the Company’s common stock, par value $.001 per share (the “Common Stock”). In order to induce the Company to authorize the conversion and enter into this Subscription Agreement, Profit Consultants has agreed to provide certain representations, warranties, and obligations to the Company as follows.
