FORM 8-K
Current Report
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): October 13, 2009
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SecureCare Technologies, Inc. |
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(Exact name of registrant as specified in its charter) |
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NEVADA |
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0-29804 |
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82-0255758 |
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(State or other jurisdiction of incorporation or organization) |
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Commission |
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(I.R.S. Employer |
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1617 W. 6th Street, Suite C, Austin Texas 78703 |
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(Address of principal executive offices) |
Registrants telephone number, including area code: (512) 447-3700
Securities registered pursuant to Section 12(b) of the Act: None
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Securities registered pursuant to Section 12(g) of the Act: Common Stock, par value $0.001 per share |
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(Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 3.02. Unregistered Sales of Equity Securities.
SecureCare Technologies, Inc. (the Company) is currently engaged in two private offerings of its common stock. Each of the two offerings commenced on September 1, 2009.The initial terms and conditions of the first offering provided for accredited investors to purchase up to 1,250,000 shares of common stock at $0.08 per share through September 21, 2009; thereafter the price would be $0.10 per share (the Stock Offer). Subsequent to September 1, 2009, when the Stock Offer commenced, the Board of Directors of the Company approved an initial extension to October 9, 2009 and a further extension to October 31, 2009 to purchase shares of common stock at $0.08 per share; After October 31, 2009, the price will be $0.10 per share. For each of these two extensions, the required Subscription Agreement was modified to reflect the extension and further extension terms and conditions. The second offering is for a related-party holder of certain of the Companys indebtedness to convert to common stock, $25,000 in principal amount outstanding of a $75,000, 6% unsecured promissory note at the rate of one share for each $0.08 in principal amount converted for a total of 312,500 shares (the Exchange Offer). As of October 13, 2009, the aggregate shares sold in the two offerings exceeded 5% of the Companys issued and outstanding shares beyond those reported in our Current Report on Form 8-K dated September 17, 2009. As of October 13, 2009, 1,155,063 shares had been sold in the Stock Offer to 19 investors (including 509,463 shares sold to related parties) for $92,405 and $25,000 in principal amount outstanding of a $75,000, 6% unsecured promissory note promissory note has been exchanged in the Exchange Offer by one related party note holder for 312,500 shares. As a result of these issues, the number of shares of common stock, par value $0.001 per share, that the Company has issued and outstanding has increased from the 9,777,422 reported in our Current Report on Form 8-K dated September 17, 2009 to 10,382,485.
Each of the offers, the Stock Offer and the Exchange Offer were conducted pursuant to the exemption provided pursuant to Regulation D under the Securities Act of 1933, as amended, and analogous state laws. The Company did not grant any registration rights to the investors in the offerings.
The Company will not receive any proceeds from the Exchange Offer and will use the proceeds of the Stock Offer as working capital. The Company incurred only nominal expenses in connection with the two offerings.
ITEM 9.01. Financial Statements, Pro Forma Financial Information and Exhibits.
Exhibits:
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10.1 |
Form of Subscription Agreement for Exchange Offer * |
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10.2 |
Form of Subscription Agreement for Stock Offer * |
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10.3 |
Form of Revised Subscription Agreement for Stock Offer First Revision |
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10.4 |
Form of Revised Subscription Agreement for Stock Offer Second Revision |
*Previously Filed
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Dated: October 19, 2009 |
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SecureCare Technologies, Inc. |
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By: |
/s/ NEIL BURLEY |
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Name: Neil Burley |
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Title: CFO and Principal Financial Officer |
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THE SHARES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF SUCH LAWS. THE SHARES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER SUCH LAWS PURSUANT TO REGISTRATION OR AN EXEMPTION THEREFROM. THE SHARES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THIS OFFERING OR THE ACCURACY OR ADEQUACY OF THE OFFERING MATERIALS. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.
SUBSCRIPTION AGREEMENT SALE OF COMMON STOCK
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September 1, 2009 |
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SecureCare Technologies, Inc. |
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1617 W. 6th Street |
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Suite C |
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Austin, Texas 78703 |
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Attention: Neil Burley, Chief Financial Officer |
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Re: |
Sale of Common Stock |
Gentlemen:
Effective September 1, 2009, SecureCARE Technologies, Inc., a Nevada corporation (hereinafter referred to as SCUC or the Company) is offering to a limited number of investors (Investors), who are accredited investors, as hereinafter defined, an aggregate of up to One Million Two Hundred and Fifty Thousand (1,250,000) shares of its Common Stock for sale on a best effort basis at a price of $0.08 per share from September 1, 2009 through September 21, 2009; thereafter, the price of the shares will be $0.10 per share, par value $.001 per share (the Common Stock or shares). The Board of Directors of the Company, effective, September 21, 2009, has extended the price of $0.08 per share to close of business on October 9, 2009; thereafter, the price of the shares will be $0.10 per share, par value $.001 per share.
The Company intends to offer the sale of its Common Stock (the Offering) from time to time through October 31, 2009 with no minimum sales required, and may determine to withdraw, limit or extend the offering at any time. SCUC has furnished the undersigned with the information set forth in the Subscription Agreement and in Section 2(a) below.
The Company will concurrently offer an aggregate of up to Three Hundred Twelve Thousand Five Hundred (312,500) shares in an offer to a related-party note holder (the Holder), to convert $25,000 in principal amount outstanding of a $75,000, 6% unsecured promissory note, issued in June 2008, for the Companys Common Stock at a rate of one share of Common Stock for each $0.08 of Note surrendered by the Holder (the Exchange Offer). The Exchange Offer will expire on September 21, 2009.
1. Subscription. Subject to the terms and conditions of this Subscription Agreement - Sale of Common Stock, the undersigned hereby tenders this subscription and check, or other appropriate form of payment, set forth at the foot of this agreement to acquire the shares of Common Stock set forth at the foot of this agreement. Upon the acceptance and payment of the purchase price, certificates for Common Stock shares shall be issued to the Investors. Acceptance shall take place within thirty (30) business days after receipt of the signed Subscription Agreement and receipt of a check or other cleared funds for the purchase price. The sale hereby is not conditioned upon receipt of a minimum amount of proceeds. Acceptance and payment of the purchase price is deemed to be completed upon receipt of this subscription and check, or other appropriate form of payment, by any member of the Board of Directors of the Company.
(a) Wiring of funds to the Company for the subscribed purchase price. When the investor desires to wire purchase funds directly to the Company, the following bank wiring information is to be used:
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Comerica Bank, Tarrytown Office |
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2414 Exposition Boulevard |
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Suite D110 |
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Austin, Texas 78703 |
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Contact: Mark Ruether (512)472-8216 |
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Account Name: SecureCare Technologies, Inc. |
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Routing Number: 111000753 |
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Account Number: 1880981111 |
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SWIFT Code: MNBDUS33 |
2. Acknowledgments. The undersigned acknowledges that the undersigned has had the opportunity to review the following documents and has made such review as the undersigned has deemed appropriate:
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All documents filed by the Company with the Securities and Exchange Commission of the United States of America and is particularly aware of the Companys current cash needs, the risk factors set forth in its Form 10-KSB for the year ended December 31, 2008, the Companys history of bankruptcy and that an investment in the Company is an extremely high risk investment. The undersigned further acknowledges that unless the Company sells a majority of the Common Stock, its chances for success will be further reduced to a significant extent. The undersigned is aware that the Company has previously raised funds from investors believing that it would not require further private investment to become a viable operating company and has been mistaken in this belief. |
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3. Investment Representations.
(a) Investment Intent. The undersigned represents that the undersigned is acquiring the Shares pursuant to the Offer for investment only and not with a view to, or for sale in connection with, any distribution thereof nor with any present intention to sell such Shares, except in compliance with the Act. The Company has no obligation to register the Shares under the Act and does not intend to do so. For several years there has been an extremely limited trading market for the Shares and no active market may ever develop. The certificates for the Shares will bear the following legend or a legend similar thereto:
The securities represented by this certificate have not been registered under the Securities Act of 1933, as amended, and may not be sold, transferred, pledged, hypothecated, or otherwise disposed of in the absence of (i) an effective registration statement for such securities under such act or (ii) an opinion of company counsel that such registration is not required.
(b) Transfer Limited. The undersigned further acknowledges that the Shares to be purchased hereby will have been issued pursuant to an exemption from registration under the Act and the rules and regulations promulgated thereunder and agrees not to sell or otherwise transfer or dispose of the Shares in any transaction which, in the reasonable opinion of the Companys counsel, would be in violation of the Act. For the purpose of determining the Holders holding period for the shares, the date of this agreement shall be deemed the date the Holder acquired the Shares and such shares will not be salable for at least six months thereafter absent a registration under the Act.
(c) Experience. The undersigned represents and warrants that the undersigned has such knowledge and experience in financial and business matters that the Holder is and will be capable of evaluating the risks and merits of an investment in the Shares to be acquired hereby and that the Purchaser is able to bear the economic risks, including total loss, of investing in the Shares.
(d) No Filing. The undersigned understands that no federal or state agency has passed upon the Shares or made any findings or determination as to the fairness of this investment.
4. Information with Respect to the Undersigned. The undersigned represents the following information is true and correct:
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Name of Holder: |
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(Print Name) |
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____________________________ |
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(Print Name) |
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Mailing Address: |
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____________________________ |
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(Name of Addressee) |
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____________________________ |
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(Number and Street) |
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__________ |
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Facsimile No (Optional): __________________________ |
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Social Security and/or |
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taxpayer identification |
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number(s): |
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(2) ______________________ |
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Ownership Form (check one):
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___ Individual |
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___ Joint Tenancy |
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___ Community property |
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___ Tenancy-in-common |
5. Copies of Notices. Copies of all notices or other communications to be given or made hereunder will be transmitted to purchaser at its above mailing address.
6. Accredited Investor. The undersigned represent(s) and warrant(s) that I am (we are) accredited investor(s) as that term is defined in Rule 501 of Regulation D promulgated by the Securities and Exchange Commission pursuant to the Act as set forth below. (Initial the appropriate category of accredited investor that each person satisfies and, in the case of joint or partnership ownership, indicate which person the initialed category is applicable to):
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(1) Such investor is a natural person who had individual income (excluding income of such investors spouse) in excess of $200,000 in each of 2007 and 2008 or joint income with such investors spouse in excess of $300,000 in each of those years and reasonably expects to reach the same income level in 2009 (for purposes hereof, individual income being defined as adjusted gross income, without taking into account: (a) any deductions for long-term capital gains under § 1202 of the Internal Revenue Code of 1986, as presently amended (the Code); (b) any depletion deductions under Code § 611 et seq.; (c) any exclusion for interest under Code § 103; or (d) any partnership losses allocated to such Investor as reported on Schedule E of his Form 1040 or any successor form); |
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(2) Such investor is a natural person whose net worth at the time of purchase, either individually or jointly with such Investors spouse, exceeds $1,000,000 (including such investors home, home furnishings and automobiles); |
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(3) Such investor is a trust, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000 whose purchase is directed by a sophisticated person as described in Rule 506(b)(2)(ii) under the Act; |
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(4) Such investor is a corporation, partnership, trust or other entity in which all of the equity owners are Accredited Investors; or |
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(5) Other (details below): |
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7. Tax Consequences. No effort has been made to provide any advice as to the federal, state or local income tax consequences of my investment in the Notes and Shares. I have been advised to seek my own independent advice as to the tax consequences of an investment in the Notes and Shares.
8. Survival and Indemnification. The undersigned agree(s) that the representations contained herein shall survive the purchase of the Notes and Shares and that he (they) will indemnify and hold harmless SCUI from and against loss, damage or liability arising from a claim of or action instituted by a third party including any governmental or regulatory body investigation, or proceeding arising from a breach of any representation or material misrepresentation of the undersigned contained herein. The indemnities provided herein shall not be deemed exclusive remedies but are in addition to all other rights and remedies available to either or both of the parties pursuant to this Agreement.
9. Miscellaneous.
In the event that any one or more of the provisions contained herein, or the application thereof in any circumstances, is held invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be in any way impaired thereby, it being intended that all of the rights and privileges shall be enforceable to the fullest extent permitted by law.
This Agreement is intended by the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein and therein. This Agreement supersedes all prior agreements and understandings between the parties with respect to such subject matter. This Agreement may only be modified in writing signed by the undersigned and the Company.
This Agreement shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the laws of the State of Texas applicable to agreements made and to be performed entirely within such State.
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IN WITNESS WHEREOF, the undersigned have executed this Subscription Agreement Sale of Common Stock as of the day and year first above written.
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(1) _____________________________ |
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(2) _____________________________ |
Amount Subscribed for:
$__________________________ , totaling _____________shares of Common Stock (Par Value $0.001)
The foregoing subscription is hereby accepted by SecureCare Technologies, Inc., as of the __day of ______________ , 2009.
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SecureCare Technologies, Inc. |
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(a Nevada Corporation) |
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By: |
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Neil Burley, Chief Financial Officer |
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THE SHARES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF SUCH LAWS. THE SHARES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER SUCH LAWS PURSUANT TO REGISTRATION OR AN EXEMPTION THEREFROM. THE SHARES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THIS OFFERING OR THE ACCURACY OR ADEQUACY OF THE OFFERING MATERIALS. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.
SUBSCRIPTION AGREEMENT SALE OF COMMON STOCK
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October 9, 2009 |
SecureCare Technologies, Inc.
1617 W. 6th Street
Suite C
Austin, Texas 78703
Attention: Neil Burley, Chief Financial Officer
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Re: |
Sale of Common Stock |
Gentlemen:
Effective September 1, 2009, SecureCARE Technologies, Inc., a Nevada corporation (hereinafter referred to as SCUC or the Company) is offering to a limited number of investors (Investors), who are accredited investors, as hereinafter defined, an aggregate of up to One Million Two Hundred and Fifty Thousand (1,250,000) shares of its Common Stock for sale on a best effort basis at a price of $0.08 per share from September 1, 2009 through September 21, 2009; thereafter, the price of the shares will be $0.10 per share, par value $.001 per share (the Common Stock or shares). The Board of Directors of the Company, effective, October 9, 2009, has extended the price of $0.08 per share to close of business on October 31, 2009; thereafter, the price of the shares will be $0.10 per share, par value $.001 per share.
The Company intends to offer the sale of its Common Stock (the Offering) from time to time through October 31, 2009 with no minimum sales required, and may determine to withdraw, limit or extend the offering at any time. SCUC has furnished the undersigned with the information set forth in the Subscription Agreement and in Section 2(a) below.
The Company will concurrently offer an aggregate of up to Three Hundred Twelve Thousand Five Hundred (312,500) shares in an offer to a related-party note holder (the Holder), to convert $25,000 in principal amount outstanding of a $75,000, 6% unsecured promissory note, issued in June 2008, for the Companys Common Stock at a rate of one share of Common Stock for each $0.08 of Note surrendered by the Holder (the Exchange Offer). The Exchange Offer will expire on September 21, 2009.
1. Subscription. Subject to the terms and conditions of this Subscription Agreement - Sale of Common Stock, the undersigned hereby tenders this subscription and check, or other appropriate form of payment, set forth at the foot of this agreement to acquire the shares of Common Stock set forth at the foot of this agreement. Upon the acceptance and payment of the purchase price, certificates for Common Stock shares shall be issued to the Investors. Acceptance shall take place within thirty (30) business days after receipt of the signed Subscription Agreement and receipt of a check or other cleared funds for the purchase price. The sale hereby is not conditioned upon receipt of a minimum amount of proceeds. Acceptance and payment of the purchase price is deemed to be completed upon receipt of this subscription and check, or other appropriate form of payment, by any member of the Board of Directors of the Company.
(a) Wiring of funds to the Company for the subscribed purchase price. When the investor desires to wire purchase funds directly to the Company, the following bank wiring information is to be used:
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Comerica Bank, Tarrytown Office |
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2414 Exposition Boulevard |
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Suite D110 |
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Austin, Texas 78703 |
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Contact: Mark Ruether (512)472-8216 |
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Account Name: SecureCare Technologies, Inc. |
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Routing Number: 111000753 |
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Account Number: 1880981111 |
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SWIFT Code: MNBDUS33 |
2. Acknowledgments. The undersigned acknowledges that the undersigned has had the opportunity to review the following documents and has made such review as the undersigned has deemed appropriate:
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All documents filed by the Company with the Securities and Exchange Commission of the United States of America and is particularly aware of the Companys current cash needs, the risk factors set forth in its Form 10-KSB for the year ended December 31, 2008, the Companys history of bankruptcy and that an investment in the Company is an extremely high risk investment. The undersigned further acknowledges that unless the Company sells a majority of the Common Stock, its chances for success will be further reduced to a significant extent. The undersigned is aware that the Company has previously raised funds from investors believing that it would not require further private investment to become a viable operating company and has been mistaken in this belief. |
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3. Investment Representations.
(a) Investment Intent. The undersigned represents that the undersigned is acquiring the Shares pursuant to the Offer for investment only and not with a view to, or for sale in connection with, any distribution thereof nor with any present intention to sell such Shares, except in compliance with the Act. The Company has no obligation to register the Shares under the Act and does not intend to do so. For several years there has been an extremely limited trading market for the Shares and no active market may ever develop. The certificates for the Shares will bear the following legend or a legend similar thereto:
The securities represented by this certificate have not been registered under the Securities Act of 1933, as amended, and may not be sold, transferred, pledged, hypothecated, or otherwise disposed of in the absence of (i) an effective registration statement for such securities under such act or (ii) an opinion of company counsel that such registration is not required.
(b) Transfer Limited. The undersigned further acknowledges that the Shares to be purchased hereby will have been issued pursuant to an exemption from registration under the Act and the rules and regulations promulgated thereunder and agrees not to sell or otherwise transfer or dispose of the Shares in any transaction which, in the reasonable opinion of the Companys counsel, would be in violation of the Act. For the purpose of determining the Holders holding period for the shares, the date of this agreement shall be deemed the date the Holder acquired the Shares and such shares will not be salable for at least six months thereafter absent a registration under the Act.
(c) Experience. The undersigned represents and warrants that the undersigned has such knowledge and experience in financial and business matters that the Holder is and will be capable of evaluating the risks and merits of an investment in the Shares to be acquired hereby and that the Purchaser is able to bear the economic risks, including total loss, of investing in the Shares.
(d) No Filing. The undersigned understands that no federal or state agency has passed upon the Shares or made any findings or determination as to the fairness of this investment.
4. Information with Respect to the Undersigned. The undersigned represents the following information is true and correct:
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Name of Holder: |
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______________________________ |
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(Print Name) |
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______________________________ |
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(Print Name) |
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Mailing Address: |
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______________________________ |
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(Name of Addressee) |
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______________________________ |
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(Number and Street) |
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_____________ |
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Facsimile No (Optional): ____________________ |
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Social Security and/or |
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taxpayer identification |
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number(s): |
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____________________ |
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____________________ |
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Ownership Form (check one): |
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Individual |
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Joint Tenancy |
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Community property |
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Tenancy-in-common |
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5. Copies of Notices. Copies of all notices or other communications to be given or made hereunder will be transmitted to purchaser at its above mailing address.
6. Accredited Investor. The undersigned represent(s) and warrant(s) that I am (we are) accredited investor(s) as that term is defined in Rule 501 of Regulation D promulgated by the Securities and Exchange Commission pursuant to the Act as set forth below. (Initial the appropriate category of accredited investor that each person satisfies and, in the case of joint or partnership ownership, indicate which person the initialed category is applicable to):
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(1) Such investor is a natural person who had individual income (excluding income of such investors spouse) in excess of $200,000 in each of 2007 and 2008 or joint income with such investors spouse in excess of $300,000 in each of those years and reasonably expects to reach the same income level in 2009 (for purposes hereof, individual income being defined as adjusted gross income, without taking into account: (a) any deductions for long-term capital gains under § 1202 of the Internal Revenue Code of 1986, as presently amended (the Code); (b) any depletion deductions under Code § 611 et seq.; (c) any exclusion for interest under Code § 103; or (d) any partnership losses allocated to such Investor as reported on Schedule E of his Form 1040 or any successor form); |
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(2) Such investor is a natural person whose net worth at the time of purchase, either individually or jointly with such Investors spouse, exceeds $1,000,000 (including such investors home, home furnishings and automobiles); |
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(3) Such investor is a trust, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000 whose purchase is directed by a sophisticated person as described in Rule 506(b)(2)(ii) under the Act; |
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(4) Such investor is a corporation, partnership, trust or other entity in which all of the equity owners are Accredited Investors; or |
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(5) Other (details below): |
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7. Tax Consequences. No effort has been made to provide any advice as to the federal, state or local income tax consequences of my investment in the Notes and Shares. I have been advised to seek my own independent advice as to the tax consequences of an investment in the Notes and Shares.
8. Survival and Indemnification. The undersigned agree(s) that the representations contained herein shall survive the purchase of the Notes and Shares and that he (they) will indemnify and hold harmless SCUI from and against loss, damage or liability arising from a claim of or action instituted by a third party including any governmental or regulatory body investigation, or proceeding arising from a breach of any representation or material misrepresentation of the undersigned contained herein. The indemnities provided herein shall not be deemed exclusive remedies but are in addition to all other rights and remedies available to either or both of the parties pursuant to this Agreement.
9. Miscellaneous.
In the event that any one or more of the provisions contained herein, or the application thereof in any circumstances, is held invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be in any way impaired thereby, it being intended that all of the rights and privileges shall be enforceable to the fullest extent permitted by law.
This Agreement is intended by the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein and therein. This Agreement supersedes all prior agreements and understandings between the parties with respect to such subject matter. This Agreement may only be modified in writing signed by the undersigned and the Company.
This Agreement shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the laws of the State of Texas applicable to agreements made and to be performed entirely within such State.
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IN WITNESS WHEREOF, the undersigned have executed this Subscription Agreement Sale of Common Stock as of the day and year first above written.
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(1) _____________________________ |
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(2) _____________________________ |
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Amount Subscribed for:
$__________________________ , totaling _____________ shares of Common Stock (Par Value $0.001)
The foregoing subscription is hereby accepted by SecureCare Technologies, Inc., as of the ___ day of ___________ , 2009.
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SecureCare Technologies, Inc. |
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(a Nevada Corporation) |
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By: |
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Neil Burley, Chief Financial Officer |
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