SUBSCRIPTON AGREEMENT IGNIS PETROLEUM GROUP, INC.Subscripton Agreement Ignis Petroleum • December 28th, 2005 • Ignis Petroleum Group, Inc. • Metal mining • Texas
The undersigned, Petrofinanz GMBH (the “Subscriber”) understands that Ignis Petroleum Group, Inc., a Nevada Corporation (the “Company”) is offering for sale to the undersigned 3,000,000 units (the “Units”) at a purchase price of $0.50 per Unit with each unit consisting of one share of common stock (the “Common Stock”) and one two-year warrant to purchase common stock exercisable at $1.50 per share (the “Warrants”). The Common Stock, the Warrants and the common stock underlying the Warrants are also collectively referred to herein as the “Securities.” The Subscriber agrees to purchase the Units upon the terms and conditions set forth herein. The Subscriber acknowledges and understands that the offering of the Units (the “Offering”) is being made without registration of the Securities under the Securities Act of 1933, as amended (the “Act”), or any securities “blue sky” or other similar laws of any state (“State Securities Laws”).
