Exhibit 10.11
THE SECURITIES
OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933 (THE “SECURITIES ACT”), AND ARE PROPOSED TO BE
ISSUED IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT PROVIDED BY REGULATION S
PROMULGATED UNDER THE SECURITIES ACT. UPON ANY SALE, SUCH
SECURITIES MAY NOT BE REOFFERED FOR SALE OR RESOLD OR OTHERWISE
TRANSFERRED IN THE UNITED STATES OR TO U.S. PERSONS EXCEPT IN
ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT TO AN
EFFECTIVE REGISTRATION UNDER THE SECURITIES ACT, OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT.
HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE
CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.
REGULATION S
SUBSCRIPTION AGREEMENT
NON-U.S. PERSONS
ONLY
THIS
AGREEMENT is
made effective as of the ____ day of October, 2008.
BETWEEN:
THE SUBSCRIBER LISTED
ON THE EXECUTION PAGE
TO THIS
AGREEMENT
(hereinafter
called the "Subscriber")
OF THE FIRST
PART
AND:
EN2GO
INTERNATIONAL, INC. , a Nevada corporation,
of 2921 West Olive Ave.,
Burbank, CA 91505
(hereinafter called the
“Company")
OF THE SECOND
PART
THE PARTIES HEREBY
AGREE AS FOLLOWS :
1.
DEFINITIONS
1.1
The following terms will
have the following meanings for all purposes of this
Agreement.
(a)
“Agreement”
means this Agreement, and all schedules and amendments to the
Agreement.
(b)
“Canadian
Accredited Investor Status Certificate” means the Accredited
Investor Status Certificate required to be completed by a
Subscriber who is a resident of Canada.
(c)
“Common
Stock” means the shares of Common Stock of the Company,
$0.00001 par value per share.
(d)
“Exchange
Act” means the United States Securities Exchange Act of 1934,
as amended.
(e)
“Subscriber”
means the Subscriber executing the signature page to this
Agreement.
(f)
“Offering”
means the offering of the Shares by the Company.
(g)
“Purchase
Price” means the purchase price payable by the Subscriber to
the Company in consideration for the purchase and sale of the
Shares in accordance with Section 2.1 of this Agreement.
(h)
“SEC” means
the United States Securities and Exchange Commission.
(i)
"Securities Act" means
the United States Securities Act of 1933, as amended.
(j)
“Shares”
means those shares of Common Stock to be purchased by the
Subscriber.
1.2
All dollar amounts
referred to in this agreement are in United States funds, unless
expressly stated otherwise.
2.
PURCHASE AND SALE OF
SHARES
2.1
Subject to the terms and
conditions of this Agreement, the Subscriber hereby subscribes for
and agrees to purchase from the Company such number of Shares as is
set forth upon the signature page hereof at a price equal to $0.15
US per Share and a warrant at $0.20 for each share purchased.
Upon execution, the subscription by the Subscriber will be
irrevocable.
2.2
The Purchase Price is
payable by the Subscriber upon execution of this
Agreement.
2.3
Upon execution by the
Company, the Company agrees to sell such Shares to the Subscriber
for the Purchase Price subject to the Company's right to sell to
the Subscriber such lesser number of Shares as it may, in its sole
discretion, deem necessary or desirable. On the closing date of the
Offering, the Subscriber shall deliver to the Company a certified
cheque or bank draft or wire transfer payable to the Company. The
Company will then issue and sell the Subscriber’s Shares and
cause definitive certificates representing the number of
Subscriber’s Shares so issued and registered in accordance
with this Subscription Agreement to be delivered in accordance with
this Subscription Agreement.
2.4
Any acceptance by the
Company of the Subscription is conditional upon compliance with all
securities laws and other applicable laws of the jurisdiction in
which the Subscriber is resident. Each Subscriber will
deliver to the Company all other documentation, agreements,
representations and requisite government forms required by the
lawyers for the Company as required to comply with all securities
laws and other applicable laws of the jurisdiction of the
Subscriber.
2.5
The Subscriber hereby
authorizes and directs the Company to deliver the securities to be
issued to such Subscriber pursuant to this Agreement to the
Subscriber’s address indicated on the signature page of this
Agreement.
2.6
The Subscriber
acknowledges and agrees that the subscription for the Shares and
the Company's acceptance of the subscription is not subject to any
minimum subscription for the Offering.
3.
REGULATION S
AGREEMENTS OF THE SUBSCRIBER
3.1
The Subscriber
represents and warrants to the Company that the Subscriber is not a
“U.S. Person” as defined by Regulation S of the
Securities Act and is not acquiring the Shares 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;
(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:
(i)
organized or
incorporated under the laws of any foreign jurisdiction;
and
(ii)
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 Subscribers [as defined in
Section 230.501(a) of the Securities Act] who are not natural
persons, estates or trusts.
3.2
The Subscriber
acknowledges that the Subscriber was not in the United States at
the time the offer to purchase the Shares was received.
3.3
The Subscriber
acknowledges that the Shares are “restricted
securities” within the meaning of the Securities Act and will
be issued to the Subscriber in accordance with Regulation S of the
Securities Act.
2
3.4
The Subscriber agrees
not to engage in hedging transactions with regard to the Shares,
unless in compliance with the Securities Act.
3.5
The Subscriber and the
Company agree that the Company will refuse to register any transfer
of the Shares, not made in accordance with the provisions of
Regulation S of the Securities Act, pursuant to registration under
the Securities Act, pursuant to an available exemption from
registration, or pursuant to this Agreement.