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Exhibit 10.1
FORM OF PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT
(for completion by non-United States residents)
K-9 Concepts, Inc.
The undersigned (the "Purchaser") hereby irrevocably subscribes
for and agrees
to purchase up to _________ units (the "Units") in the capital
of Regal Rock,
Inc. (the "Company"), a Nevada company, at a price of US$0.40
per Unit for the
aggregate purchase price of US $___________ (the "Purchase
Price"). Each Unit
shall consist of one share of common stock, $0.001 par value per
share ("Common
Stock") in the capital of the Company, and one common stock
purchase warrant (a
"Warrant") entitling the Purchaser to purchase an additional
share of the
Company's common stock for US$0.60 for a period of two years
from the
completion of the purchase. Together with this Subscription
Agreement, the
Purchaser is delivering to the Company the full amount of the
purchase price
for the Units in respect of which it is subscribing. The
Offering is being
conducted in reliance upon the exemption from registration
requirements of the
Securities Act of 1933, as amended (the "Securities Act") set
forth in
Regulation S promulgated under the Securities Act.
2. REPRESENTATIONS AND WARRANTIES OF THE PURCHASER. In order to
induce the
Company to accept this subscription, the Purchaser hereby
represents and
warrants to, and covenants with, the Company as follows:
A. The Purchaser is purchasing the Units for the Purchaser's own
account (not
as a nominee or agent)for investment purposes and not with a
view toward resale
or distribution of any part thereof. The Purchaser has no
present arrangement
or intention to sell or distribute the Units, or to grant
participation in the
Units. The Purchaser does not have any contract, undertaking,
agreement or
arrangement with any person to sell, transfer or grant
participation to such
person, or to any third person, with respect to any of the Units
sold hereby;
B. The Purchaser acknowledges and agrees that the United States
Securities &
Exchange Commission has not reviewed the offering of the Units
and that the
Units have not been registered under the Securities Act and may
not be offered
or sold in the United States or to U.S. persons unless the Units
are registered
under the Securities Act, sold in accordance with the provisions
of Regulation
S promulgated under the Securities Act or pursuant to an
available exemption
from registration. The certificate representing the shares of
Common Stock and
Warrants comprising the Units will bear the following legend and
the Purchaser
agrees to abide by the terms thereof:
THE WARRANT EVIDENCED HEREBY AND THE SECURITIES ISSUABLE
HEREUNDER,
ARE BEING OFFERED TO INVESTORS WHO ARE NOT U.S. PERSONS (AS
DEFINED
IN REGULATION S UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE
"SECURITIES ACT")) AND WITHOUT REGISTRATION WITH THE UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT
IN
RELIANCE UPON REGULATION S PROMULGATED UNDER THE SECURITIES
ACT.
TRANSFER OF THIS WARRANT TO, AND THE EXERCISE OF THIS WARRANT BY
OR
ON BEHALF OF, A U.S. PERSON, IS PROHBITED, EXCEPT IN ACCORDANCE
WITH
THE PROVISIONS OF REGULATION S, PURSUANT TO REGISTRATION UNDER
THE
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SECURITIES ACT, OR PURSUANT TO AVAILABLE EXEMPTION FROM
REGISTRATION. HEDGING TRANSACTIONS MAY NOT BE CONDUCTED UNLESS
IN
COMPLIANCE WITH THE SECURITIES ACT.
C. The Purchaser has had the opportunity to ask and receive
answers to any
and all questions the Purchaser had with respect to the Company,
its business
plan, management and current financial condition. The Purchaser
acknowledges
that the Company is newly organized, does limited operating
history, will
likely require additional capital to complete its business plan
and that
there is no assurance that the Company can obtain additional
capital or
successfully complete its business plan;
D. The Purchaser is an accredited investor and has such
knowledge and
expertise in financial and business matters that the Purchaser
is capable of
evaluating the merits of and risks involved in an investment in
the Units and
acknowledges that an investment in the Units entails a number of
very
significant risks and the Purchaser is able to withstand the
total loss of its
investment. The Purchaser acknowledges that the Company has
recommended that
each Purchaser obtain independent legal and financial advice
prior to
subscribing, including but not limited to advice as to the
legality of any
resale of the securities comprising the Units, as well as the
suitability of
the investment for the Purchaser;
E. Except as set forth in this Agreement, no representations or
warranties
have been made to the Purchaser by the Company or any agent,
employee or
affiliate of the Company and in entering into this transaction
the Purchaser
is not relying upon any information, other than that contained
in this
Agreement and the result of independent investigation by the
Purchaser;
F. The Purchaser understands that the Units are being offered
and sold to it
in reliance on specific exemptions from the registration
requirements of the
United States federal and state securities laws and that the
Company is
relying upon the truth and accuracy of the representations,
warranties,
agreements, acknowledgments and understandings of the Purchaser
set forth
herein in order to determine the applicability of such
exemptions and the
suitability of the Purchaser to acquire the Units;
G. The Purchaser has full power and authority to execute and
deliver this
Agreement and to perform its obligations hereunder, and this
Agreement is a
legally binding obligation of the Purchaser enforceable against
the Purchaser
in accordance with its terms;
H. The Purchaser is not purchasing the Units as a result of any
advertisement
of the offering of the Units;
I. This subscription for the Units has not been induced by
any
representations or warranties by any person whatsoever with
regard to the
future value of the Company's securities;
J. The Subscriber is not a "U.S. Person" as defined by
Regulation S of the
Securities Act and is not acquiring the Units for the account or
benefit of a
U.S. Person. A "U. S. Person" is defined by Regulation S of the
Securities Act
to be any person who is:
(a) any natural person resident in the United States;
(b) any partnership or corporation organized or incorporated
under
the laws of the United States;
(c) any estate of which any executor or administrator is a
U.S.
person;
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(d) any trust of which any trustee is a U.S. person;
(e) any agency or branch of a foreign entity located in the
United
States;
(f) any non-discretionary account or similar account (other than
an
estate or trust) held by a dealer or other fiduciary
organized,
incorporate, or (if an individual) resident in the United
States;
and
(g) any partnership or corporation if:
1. organized or incorporated under the laws of any foreign
jurisdiction; and
2. formed by a U.S. person principally for the purpose of
investing in securities not registered under the Securities
Act, unless it is organized or incorporated, and owned, by
accredited investors (as defined in Section 230.501 (a) of
the
Securities Act) who are not natural persons, estates or
trusts.
K. The Purchaser agrees not to engage in hedging transactions
with regard to
the Units unless in compliance with the Securities Act; and
L. The Purchaser agrees to execute an agreement imposing
restrictions on
transfer of the Units in the form the Company requires.
3. REPRESENTATIONS OF THE COMPANY. The Company represents and
warrants to
the Purchaser that:
A. The Company is duly incorporate
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