50 of the Top 250 law firms use our Products every day
SECURITIES PURCHASE
AGREEMENT
THIS SECURITIES PURCHASE
AGREEMENT (this
“Agreement”), dated May 29, 2009, by and between,
Prevention Insurance.com, Inc., a Nevada corporation (the
“Company”) and Paragon Capital LP, a Delaware limited
partnership (“Paragon”).
RECITAL
WHEREAS, Paragon is willing to advance the Company ten
thousand dollars ($15,000) for corporate purposes, and the Company
is willing to issue warrants exercisable into shares of common
stock.
AGREEMENT
NOW, THEREFORE,
in consideration of the foregoing
recital and the mutual promises hereinafter set forth, and, other
good and valuable consideration, the parties hereto agree as
follows:
1.
Issuance of Warrants Paragon hereby agrees to advance to the
Company $15,000 (the “Advance”) for the purpose of
paying administrative expenses including making required filings
with the SEC and paying other legal expenses. The
Company will execute a warrant agreement (the
“Warrant”) which is attached.
(a)
Corporate Action All corporate action on the
part of the Company necessary for the sale of the
warrants and warrant shares upon exercise of the Warrant and the
performance of the Company's actions hereunder will
be taken by the Company at the appropriate time prior to exercise.
This Agreement constitutes a valid and legally binding obligation
of the Company, enforceable in accordance with its
terms.
|
