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AGREEMENT is made this ________ day of________ [Month] 20 __ by ________ [Name] of________ [Address], hereinafter referred to as the "Undersigned," do hereby subscribe and acquire _______ [Number] registered shares of Stock of ________ [Describe], from a corporation [Name] of________ [Address], hereinafter referred to as the "Company", with a Par Value of which is $------ [Dollar amount], and for which I agree to purchase at $------ [Dollar amount] per share, for a total purchase price of $------ [Dollar amount].
1. I, the Undersigned, agree that any deficiency to pay the agreed payments as outlined in a time promissory note attached to this subscription agreement and marked as Schedule "A", will be considered non-payment of my financial commitment as required in this agreement.
2. If, in the unlikely event, payments are not forthcoming, the Company shall legally end this Agreement; inclusive of my legal right, entitlement and deeds in any of the stock bought directly from said corporation deeming it invalid.
3. The Company is entitled, under the terms and conditions of this agreement, to void all of my acquired shares of said corporation stock which is held by me.
4. I, the Undersigned, agree to return any monetary funds in which the Company was compensated for; and I further agree to waive any and all financial entitlements or pending legal action against said Company.
ACKNOWLEDGEMENT BY NOTARY PUBLIC
State of ________)
On ________, before me, ________, [NAME OF NOTARY], personally appeared ________, [NAME OF PERSON(S) INVOLVED], who proved to me on the basis of satisfactory evidence to be the person(s) whose names(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies) and that by his/her/their signatures on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under the PENALTY OF PERJURY under the laws of the State of _________ that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Name of Notary
My Commission Expires