SUBSCRIPTION AGREEMENTEscrow Agreement • May 15th, 2014 • Paulson Capital (Delaware) Corp. • Security brokers, dealers & flotation companies • New York
Contract Type FiledMay 15th, 2014 Company Industry JurisdictionThis Subscription Agreement (this “Agreement”) is being delivered to the purchaser identified on the signature page to this Agreement (each, a “Subscriber” and collectively, the “Subscribers”) in connection with its investment in Paulson Capital Corp., an Oregon corporation (the “Company”). The Company is conducting a private placement (the “Offering”) of up to $600,000 of shares (the “Shares” or the “Securities”) of the Company’s common stock, no par value per share (the “Common Stock”) at a purchase price of $0.50 per Share (the “Purchase Price”).