ABVIVA, INC.
SUBSCRIPTION AGREEMENT
SUBSCRIPTION # ______________
The
undersigned (“ Subscriber ”), on the terms and
conditions herein set forth, hereby irrevocable submits this
subscription (the “ Subscription ”) to Abviva,
Inc., a Nevada corporation (the “ Company ”), in
connection with a private placement by the Company of a Convertible
Promissory Notes with a face value of $300,000 (the “
Note ”) and shares of the Company’s common stock
(the “ Common Stock ”) at two and one-half
shares for each dollar loaned (together with the Note, the “
Securities ”).
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1.
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Subscription for the
Purchase of Units.
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1.1
Securities Being Offered for Sale . The Company is offering
the Securities, on a private placement basis, on the terms and
conditions described in this Subscription Agreement. The offer of
the Notes will remain open until the close of business on May 14,
2008. All proceeds received from subscriber for the Notes
offered hereby will be deposited directly with the Company for
operational purposes.
The private placement is being made only to persons
who are “accredited investors” within the meaning of
Rule 501(a) of Regulation D promulgated by the Securities and
Exchange Commission (the “ SEC ”) under the
Securities Act of 1933, as amended (the “ Securities
Act ”).
1.2
Offer to Purchase . Subscriber hereby irre vocably offers
to purchase the Note and tenders, to the order of Abviva, Inc.,
by wire transfer pursuant to the wire instructions set forth as
Exhibit A hereto, U.S. dollars equaling the face value of the Note
(the “ Purchase Price ”). Subscriber recognizes
and agrees that (i) this subscription is irrevocable and, if
Subscriber is a natural person, shall survive Subscriber’s
death, disability or other incapacity, and (ii) the Company has
complete discretion to accept or to reject this Subscription in its
entirety and shall have no liability for any rejection of this
Subscription. This Subscription shall be deemed to be accepted by
the Company only when the Company executes the Subscription
Agreement.
1.3
Effect of Acceptance . Subscriber hereby acknowledges and
agrees that on the Company’s acceptance of this Subscription,
this Agreement shall become a binding and fully enforceable
agreement between the Company and the Subscriber. As a result, on
acceptance by the Company of this Subscription, Subscriber will
become the record and beneficial holder of the Securities, and the
Company will be entitled to the Purchase Price.
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2.
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Representation as to Investor
Status.
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2.1
Accredited Investor. In order for the Company to issue the
Securities in compliance with state and federal securities laws,
the following information must be obtained regarding
Subscriber’s investor status. Please initial each
item applicable to you as an investor in the Company.
Subscriber is:
______
(a) A natural person
whose net worth, either individually or jointly with such
person’s spouse, at the time of Subscriber’s purchase,
exceeds $1,000,000;
______
(b) A natural person who
had an individual income in excess of $200,000, or joint income
with that person’s spouse in excess of $300,000, in each of
the two most recent years and reasonably expects to reach the same
income level in the current year;
______
(c) A bank as defined in
Section 3(a)(2) of the Securities Act, or any savings and loan
association or other institution as defined in Section 3(a)(5)(A)
of the Securities Act, whether acting in its individual or
fiduciary capacity;
______
(d) A broker or dealer
registered pursuant to Section 15 of the Securities Exchange Act of
1934, as amended (the “ Exchange Act ”);
______
(e) An insurance company
as defined in section 2(13) of the Exchange Act;
______
(f) An investment company
registered under the Investment Company Act of 1940 or a business
development company as defined in Section 2(a)(48) of that Act;
______
(g) A Small Business
Investment Company licensed by the U.S. Small Business
Administration under Section 301(c) or (d) of the Small Business
Investment Act of 1958;
______
(h) A plan established
and maintained by a state, its political subdivisions, or any
agency or instrumentality of a state, or its political subdivisions
for the benefit of its employees, if such plan has total assets in
excess of $5,000,000;
______
(i) An employee benefit
plan within the meaning of the Employee Retirement Income Security
Act of 1974, if the investment decision is made by a plan
fiduciary, as defined in Section 3(21) of such Act, which is either
a bank, savings and loan association, insurance company, or
registered investment adviser, or if the employee benefit plan has
total assets in excess of $5,000,000 or, if a self-directed plan,
with investment decisions made solely by persons that are
accredited investors;
______
(j) A private business
development company as defined in Section 202(a)(22) of the
Investment Advisers Act of 1940;
______
(k) An organization
described in Section 501(c)(3) of the Internal Revenue Code of
1986, or a corporation, business trust or partnership, not formed
for the specific purpose of acquiring the Securities, with total
assets in excess of $5,000,000;
______
(l) A director or
executive officer of the Company;
______
(m) A trust, with total
assets in excess of $5,000,000, not formed for the specific purpose
of acquiring Securities, whose purchase is directed by a
sophisticated person who has such knowledge and experience in
financial and business matters that such person is capable of
evaluating the merits and risks of investing in the Company;
X
(n) An entity in which
all of the equity owners qualify under any of the above
subparagraphs.
______
(o) Subscriber
does not qualify under any of the investor categories set forth in
(a) through (n) above.
2.2
Net Worth. The term “net worth” means the excess
of total assets over total liabilities. In calculating net worth,
Subscriber may include the estimated fair market value of his or
her principal residence as an asset.
2.3
Income . In determining individual “income,”
Subscriber should add to Subscriber’s individual taxable
adjusted gross income (exclusive of any spousal income) any amounts
attributable to tax exempt income received, losses claimed as a
limited partner in any limited partnership, deductions claimed for
depletion, contributions to an IRA or Keogh retirement plan,
alimony payments, and any amount by which income from long-term
capital gains has been reduced in arriving at adjusted gross
income.
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2.4
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Type of Subscriber. Indicate the form of
entity of Subscriber:
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o
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Individual
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o
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Limited
Partnership
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o
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Corporation
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o
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General
Partnership
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o
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Other Type of
Trust (indicate type):
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x
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Other (indicate
form of organization): An exempted company incorporated
in the Cayman Islands with Limited Liability
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(a) If
Subscriber is not an individual, indicate the approximate date
Subscriber entity was formed:
May
4,
2006
.
(b) If
Subscriber is not an individual, initial the line below
which correctly describes the application of the following
statement to Subscriber’s situation: Subscriber (i) was not
organized or reorganized for the specific purpose of acquiring the
Securities and (ii) has made investments prior to the date hereof,
and each beneficial owner thereof h