SUBSCRIPTION AGREEMENT

 

To: Gold Torrent, Inc.   960 Broadway Avenue   Suite 530   Boise, Idaho 83706

 

Gentlemen:

 

1. Subscription.

 

The undersigned (the “Subscriber”), intending to be legally bound, hereby
irrevocably agrees to purchase from Gold Torrent, Inc., a Nevada corporation
(the “Company”), the number of shares (the “Shares”) of common stock, par value
$0.001 per share, set forth on the Signature Page at the end of this
subscription agreement (the “Agreement”) at a purchase price of $0.25 per Share
(the “Offering”), upon the terms and conditions hereinafter set forth. This
subscription is submitted to the Company in accordance with and subject to the
terms and conditions described in this Agreement.

 

This Agreement relates to the offering and sale of up to 8,000,000 Shares in the
Company for $0.25 per Share in an effort to raise up to $2,000,000. There has
been limited trading in the Company’s common stock and there can be no assurance
that an active trading market in the Company’s common stock will either develop
or be maintained. The Shares are being offered on a “best efforts” basis. There
is no minimum number of Shares that must be sold in this Offering and all funds
received by the Company from subscriptions will be immediately available to us
for general corporate purposes.

 

The Subscriber is delivering (i) the subscription payment by check made payable
to “Gold Torrent, Inc.” or wire transfer according to the instructions contained
in Exhibit II attached hereto, (ii) two executed copies of the Signature Page at
the end of this Agreement, and (iii) one executed copy of Exhibit A-1 or Exhibit
A-2 (as appropriate), to:

 

Gold Torrent, Inc.

960 Broadway Avenue

Suite 530

Boise, Idaho 83706

 

The Subscriber understands that the Shares are being issued pursuant to the
exemption from the registration requirements of the United States Securities Act
of 1933, as amended (the “Securities Act”), provided by Regulation D, Rule
506(c) of the Securities Act and Regulation S promulgated under the Securities
Act. As such, the Shares are only being offered and sold to investors who
qualify as “accredited investors” (as defined in Regulation D) or a non-”U.S.
person” (as defined in Regulation S), and the Company is relying on the
representations made by the Subscriber in this Agreement that the Subscriber
qualifies as such an accredited investor. The Shares are “restricted securities”
for purposes of the United States securities laws and cannot be transferred
except as permitted under these laws.

 

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2. Acceptance of Subscription.

 

The Offering will be open until the earlier to occur of (i) the sale of
8,000,000 Shares in the Offering, or (ii) March 31, 2016, subject to an
extension for 180 additional days at the Company’s sole discretion and without
notice, unless earlier terminated by the Company.

 

Subject to applicable state securities laws, the Subscriber may not revoke any
subscription that such Subscriber delivers to the Company. However, the
Subscriber understands and agrees that pursuant to Rule 506(c) of Regulation D
promulgated under the Securities Act, the Company needs to take reasonable steps
to verify that the Subscribers are accredited investors directly or by a third
party service and, in its sole discretion, may (i) reject the subscription of
any Subscriber, whether or not qualified, in whole or in, part, and (ii) may
withdraw the Offering at any time prior to the termination of the Offering. The
Company shall have no obligation to accept subscriptions in the order received.
This subscription shall become binding only if accepted by the Company.

 

3. Representations and Warranties.

 

The Subscriber hereby represents and warrants to, and agrees with, the Company
as follows:

 

(a) The Subscriber is either (i) an “accredited investor” as that term is
defined in Regulation D promulgated under the Securities Act and as set forth in
Exhibit A-1 attached hereto and made a part hereof, or (ii) outside the United
States when receiving and executing this Subscription Agreement and the
Subscriber is not a U.S. Person as defined in Rule 902 of Regulation S
promulgated under the Securities Act and as set forth in Exhibit A-2 attached
hereto and made a part hereof;.

 

(b) The Subscriber is a “sophisticated investor” as that term is defined in Rule
506(b)(2)(ii) of Regulation D promulgated under the Securities Act.

 

(c) For California and Massachusetts individuals: If the subscriber is a
California resident, such subscriber’s investment in the Company will not exceed
10% of such subscriber’s net worth (or joint net worth with his or her spouse).
If the subscriber is a Massachusetts resident, such subscriber’s investment in
the Company will not exceed 25% of such subscriber’s joint net worth with such
subscriber’s spouse (exclusive of principal residence and its furnishings).

 

(d) If a natural person, the Subscriber is a bona fide resident of the state or
non-United States jurisdiction contained in the address set forth on the
Signature Page of this Agreement as the Subscriber’s home address, at least 21
years of age, and legally competent to execute this Agreement. If an entity, the
Subscriber has its principal offices or principal place of business in the state
or non-United States jurisdiction contained in the address set forth on the
Signature Page of this Agreement, the individual signing on behalf of the
Subscriber is duly authorized to execute this Agreement and this Agreement
constitutes the legal, valid and binding obligation of the Subscriber
enforceable against the Subscriber in accordance with its terms.

 

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(e) The Subscriber recognizes that the purchase of the Shares involves a high
degree of risk including, but not limited to, the following: (a) the Company
remains an early stage business with limited operating history and requires
substantial funds in addition to the proceeds of the Offering; (b) an investment
in the Company is highly speculative, and only investors who can afford the loss
of their entire investment should consider investing in the Company and the
Shares; (c) the Subscriber may not be able to liquidate its investment; (d)
transferability of the Shares is extremely limited; (e) in the event of a
disposition, the Subscriber could sustain the loss of its entire investment; (f)
the Company has not paid any dividends since its inception and does not
anticipate paying any dividends in the foreseeable future; and (g) the Company
may issue additional securities in the future which have rights and preferences
that are senior to those of the Shares. Without limiting the generality of the
representations set forth in herein, the Subscriber represents that the
Subscriber has carefully reviewed the “Risk Factors” contained in the Private
Placement Memorandum accompanying this Agreement (the “Risk Factors”). The
Subscriber has received, read carefully and is familiar with this Agreement and
the Risk Factors.

 

(f) The Subscriber hereby acknowledges receipt and careful review of this
Agreement, the Risk Factors and any documents which may have been made available
upon request as reflected therein (collectively referred to as the “Offering
Materials”) and hereby represents that the Subscriber has been furnished by the
Company during the course of the Offering with all information regarding the
Company, the terms and conditions of the Offering and any additional information
that the Subscriber has requested or desired to know, and has been afforded the
opportunity to ask questions of and receive answers from duly authorized
officers or other representatives of the Company concerning the Company and the
terms and conditions of the Offering. The Subscriber has had access to all
additional information necessary to verify the accuracy of the information set
forth in this Agreement and any other materials furnished herewith, and have
taken all the steps necessary to evaluate the merits and risks of an investment
as proposed hereunder.

 

(g) The Subscriber (or the Subscriber’s representative) has such knowledge and
experience in finance, securities, taxation, investments and other business
matters so as to be able to protect the interests of the Subscriber in
connection with this transaction, and the Subscriber’s investment in the Company
hereunder is not material when compared to the Subscriber’s total financial
capacity.

 

(h) The Subscriber understands the various risks of an investment in the Company
as proposed herein and can afford to bear such risks, including, without
limitation, the risks of losing the entire investment.

 

(i) The Subscriber acknowledges that there has been limited trading in the
Company’s common stock and there can be no assurance that an active trading
market in the Company’s common stock will either develop or be maintained and
that the Subscriber may find it impossible to liquidate the investment at a time
when it may be desirable to do so, or at any other time.

 

(j) The Subscriber has been advised by the Company that none of the Shares have
been registered under the Securities Act, that the Shares will be issued on the
basis of the statutory exemption provided by Rule 506(c) of the Securities Act
or Regulation D promulgated thereunder or Regulation S promulgated under the
Securities Act, or both, relating to transactions by an issuer not involving any
public offering and under similar exemptions under certain state securities
laws; that this transaction has not been reviewed by, passed on or submitted to
any federal or state agency or self-regulatory organization where an exemption
is being relied upon; and that the Company’s reliance thereon is based in part
upon the representations made by the Subscriber in this Agreement.

 

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(k) The Subscriber acknowledges that the Subscriber has been informed by the
Company of or is otherwise familiar with, the nature of the limitations imposed
by the Securities Act and the rules and regulations thereunder on the transfer
of the Shares. In particular, the Subscriber agrees that no sale, assignment or
transfer of any of the Shares shall be valid or effective, and the Company shall
not be required to give any effect to such a sale, assignment or transfer,
unless (i) the sale, assignment or transfer of such Shares is registered under
the Securities Act, it being understood that the Shares are not currently
registered for sale and that the Company has no obligation or intention to so
register the Shares, except as contemplated by the terms of this Agreement or
(ii) such Shares are sold, assigned or transferred in accordance with all the
requirements and limitations of Rule 144 under the Securities Act (it being
understood that Rule 144 is not available at the present time for the sale of
the Shares), or (iii) such sale, assignment or transfer is otherwise exempt from
registration under the Securities Act. The Subscriber further understands that
an opinion of counsel and other documents may be required to transfer the
Shares.

 

(l) The Subscriber acknowledges that the Shares shall be subject to a stop
transfer order and the certificate or certificates evidencing any Shares shall
bear the following or a substantially similar legend or such other legend as may
appear on the forms of Shares and such other legends as may be required by state
blue sky laws:

 

For U.S. Persons:

 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE
SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE
ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL TO THE HOLDER
(IF REQUESTED BY THE COMPANY), IN A FORM REASONABLY ACCEPTABLE TO THE COMPANY,
THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD OR ELIGIBLE
TO BE SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE
FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN
ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.

 

For Non-U.S. Persons:

 

THESE SECURITIES WERE ISSUED IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT
U.S. PERSONS (AS DEFINED HEREIN) PURSUANT TO REGULATION S UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”). ACCORDINGLY, NONE OF
THE SECURITIES TO WHICH THIS CERTIFICATE RELATES HAVE BEEN REGISTERED UNDER THE
1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY
BE OFFERED OR SOLD IN THE UNITED STATES (AS DEFINED HEREIN) OR, DIRECTLY OR
INDIRECTLY, TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT OR PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT
SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY
IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING
TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE
WITH THE 1933 ACT. “UNITED STATES” AND “U.S. PERSON” ARE AS DEFINED BY
REGULATION S UNDER THE 1933 ACT.

 

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(m) The Subscriber will acquire the Shares for the Subscriber’s own account (or
for the joint account of the Subscriber and the Subscriber’s spouse either in
joint tenancy, tenancy by the entirety or tenancy in common) for investment and
not with a view to the sale or distribution thereof or the granting of any
participation therein, and has no present intention of distributing or selling
to others any of such interest or granting any participation therein.

 

(n) No representation, guarantee or warranty has been made to the Subscriber by
any broker, the Company, any of the officers, directors, stockholders, employees
or agents of either of them, or any other persons, whether expressly or by
implication, that: (I) the Company or the Subscriber will realize any given
percentage of profits and/or amount or type of consideration, profit or loss as
a result of the Company’s activities or the Subscriber’s investment in the
Company; or (II) the past performance or experience of the management of the
Company, or of any other person, will in any way indicate the predictable
results of the ownership of the Shares or of the Company’s activities.

 

(o) In making the decision to invest in the Shares the Subscriber has relied
solely upon the information provided by the Company in the Offering Materials.
The Subscriber disclaims reliance on any statements made or information provided
by any person or entity in the course of Subscriber’s consideration of an
investment in the Shares other than the Offering Materials.

 

(p) The Subscriber is not subscribing for the Shares as a result of or
subsequent to any advertisement, article, notice or other communication
published in any newspaper, magazine or similar media or broadcast over
television or radio, or presented at any seminar or meeting, or any solicitation
of a subscription by a person other than a representative of the Company with
which the Subscriber had a pre-existing relationship in connection with
investments in securities generally.

 

(q) The Subscriber is not relying on the Company with respect to the tax and
other economic considerations of an investment.

 

(r) The Subscriber acknowledges that the representations, warranties and
agreements made by the Subscriber herein shall survive the execution and
delivery of this Agreement and the purchase of the Shares.

 

(s) The Subscriber has consulted his own financial, legal and tax advisors with
respect to the economic, legal and tax consequences of an investment in the
Shares and has not relied on the Offering Materials or the Company, its
officers, directors or professional advisors for advice as to such consequences.

 

(t) If the Subscriber is a non-U.S. Person, the Subscriber has not acquired the
Common Stock as a result of, and will not itself engage in, any “directed
selling efforts” (as defined in Regulation S under the Securities Act) in the
United States in respect of the Common Stock which would include any activities
undertaken for the purpose of, or that could reasonably be expected to have the
effect of, conditioning the market in the United States for the resale of the
Common Stock; provided, however, that the Subscriber may sell or otherwise
dispose of the Common Stock pursuant to registration thereof under the
Securities Act and any applicable state and provincial securities laws or under
an exemption from such registration requirements;

 

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(u) If the Subscriber is a non-U.S. Person, the Subscriber acknowledges that the
statutory and regulatory basis for the exemption from U.S registration
requirements claimed for the offer of the Common Stock, although in technical
compliance with Regulation S, would not be available if the offering is part of
a plan or scheme to evade the registration provisions of the Securities Act or
any applicable state or provincial securities laws;

 

4. Indemnification.

 

The Subscriber understands the meaning and legal consequences of the
representations and warranties contained in Section 3, and agrees to indemnify
and hold harmless the Company and each, officer, director, shareholder,
employee, agent or representative thereof against any and all loss, damage or
liability due to or arising out of a breach of any representation or warranty,
or breach or failure to comply with any covenant, of the Subscriber, contained
in this Agreement. Notwithstanding any of the representations, warranties,
acknowledgments or agreements made herein by the Subscriber, the Subscriber does
not thereby or in any other manner waive any rights granted to the Subscriber
under federal or state securities laws.

 

5. Provisions of Certain State Laws.

 

IN MAKING AN INVESTMENT DECISION, SUBSCRIBERS MUST RELY ON THEIR OWN EXAMINATION
OF THE COMPANY AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS
INVOLVED. THESE SECURITIES HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE
SECURITIES COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING
AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS
DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

 

THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND
MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT OF
1933, AS AMENDED, AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO
REGISTRATION OR EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY MAY BE
REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD
OF TIME.

 

6. Additional Information.

 

The Subscriber hereby acknowledges and agrees that the Company may make or cause
to be made such further inquiry and obtain such additional information, as they
may deem appropriate, with regard to the suitability of the Subscriber.

 

7. Irrevocability; Binding Effect.

 

The Subscriber hereby acknowledges and agrees that the subscription hereunder is
irrevocable, subject to applicable state securities laws, that the Subscriber is
not entitled to cancel, terminate or revoke this Agreement or any agreements of
the Subscriber thereunder, and that this Agreement and such other agreements
shall survive the death or disability of the Subscriber and shall be binding
upon and inure to the benefit of the parties and their heirs, executors,
administrators, successors, legal representatives and assigns. If the Subscriber
is more than one person, the obligations of the Subscriber hereunder shall be
joint and several and the agreements, representations, warranties and
acknowledgments herein contained shall be deemed to be made by and be binding
upon each such person and his heirs, executors, legal representatives and
assigns.

 

6

 

 

8. Modification.

 

Neither this Agreement nor any provisions hereof shall be waived, modified,
discharged or terminated except by an instrument in writing signed by the party
against whom any such waiver, modification, discharge or termination is sought.

 

9. Notices.

 

Any notice, demand or other communication which any party hereto may be
required, or may elect, to give to any other party hereunder shall be
sufficiently given if (a) deposited, postage prepaid, in a United States mail
box, stamped registered or certified mail, return receipt requested, addressed
to such address as may be listed on the books of the Company, or (b) delivered
personally at such address.

 

10. Counterparts.

 

This Agreement may be executed through the use of separate signature pages or in
any number of counterparts, and each such counterpart shall, for all purposes,
constitute one agreement binding on all parties, notwithstanding that all
parties are not signatories to the same counterpart.

 

11. Entire Agreement.

 

This Agreement contains the entire agreement of the parties with respect to the
subject matter hereof and there are no representations, covenants or other
agreements except as stated or referred to herein.

 

12. Severability.

 

Each provision of this Agreement is intended to be severable from every other
provision, and the invalidity or illegality of any portion hereof shall not
affect the validity or legality of the remainder hereof.

 

13. Assignability.

 

This Agreement is not transferable or assignable by the Subscriber.

 

14. Applicable Law.

 

This Agreement shall be governed by and construed in accordance with the laws of
the State of New York, without regard to conflict of laws principles, as applied
to residents of that State executing contracts wholly to be performed in that
State.

 

15. Choice of Jurisdiction.

 

The parties agree that any action or proceeding arising, directly, indirectly or
otherwise, in connection with, out of or from this Agreement, any breach hereof
or any transaction covered hereby shall be resolved within the State of New
York. Accordingly, the parties consent and submit to the jurisdiction of the
United States federal and state courts located within the County of New York,
New York.

 

IN WITNESS THEREOF, the Subscriber exercises and agrees to be bound by this
Agreement by executing the Signature Page attached hereto on the date therein
indicated.

 

[-Signature Pages Follow-]

 

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SUBSCRIPTION AGREEMENT - SIGNATURE PAGE

 

By executing this Signature Page, the Subscriber hereby executes, adopts and
agrees to all terms, conditions and representations of this Subscription
Agreement and acknowledges all requirements are met by the Subscriber to
purchase Shares in the Company.

 

Number of Shares Subscribed at $0.25 per Share: ____________________________

 

Aggregate Purchase Price: $ ___________________________________________

 

Type of ownership: ______X_____ Individual   ____________ Joint Tenants  
____________ Tenants by the Entirety   ____________ Tenants in Common  
____________ Subscribing as Corporation or Partnership   ____________ Other

 

IN WITNESS WHEREOF, the Subscriber has executed this Signature

 

Page this ___ day of _____, 2016.

 

      Exact Name in which Shares are to   Exact Name in which Shares are to be
Registered   be Registered             Signature   Signature             Print
Name   Print Name              Tax/Passport/ID Number:   Tax Identification
Number                         Mailing Address   Mailing Address       Residence
Phone Number   Residence Phone Number             Work Phone Number   Work Phone
Number             E-Mail Address   E-Mail Address

 

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ACCEPTANCE OF SUBSCRIPTION

 

gOLD TORRENT, Inc. hereby accepts the subscription of ____________ Shares as of
the ____ day of _____, 2016.

 

GOLD TORRENT, Inc.

 

By:     Name: Ryan E. Hart   Title: President  

 

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EXHIBIT A-1 - ACCREDITED INVESTOR PAGE FOR U.S. PURCHASERS

 

The undersigned Purchaser is an “accredited investor” as that term is defined in
Regulation D promulgated under the Securities Act and amended by the Dodd-Frank
Wall Street Reform and Consumer Protection Act by virtue of being (initial all
applicable responses):

 

____ A small business investment company licensed by the U.S. Small Business
Administration under the Small Business Investment Company Act of 1958,     ____
A business development company as defined in the Investment Company Act of 1940,
    ____ A national or state-chartered commercial bank, whether acting in an
individual or fiduciary capacity,     ____ An insurance company as defined in
Section 2(13) of the Securities Act,     ____ An investment company registered
under the Investment Company Act of 1940,     ____ An employee benefit plan
within the meaning of Title I of the Employee Retirement Income Security Act of
1974, where the investment decision is made by a plan fiduciary, as defined in
Section 3(21) of such Act, which is either a bank, insurance company, or
registered investment advisor, or an employee benefit plan which has total
assets in excess of $5,000,000,     ____ A private business development company
as defined in Section 202(a)(22) of the Investment Advisors Act of 1940,    
____ An organization described in Section 501(c)(3) of the Internal Revenue
Code, a corporation or a partnership with total assets in excess of $5,000,000,
    ____ A natural person whose individual net worth, or joint net worth with
that person’s spouse, at the time of purchase exceeds $1,000,000. For purposes
of this Exhibit A-1, “net worth” means the excess of total assets at fair market
value over total liabilities. For purposes of calculating net worth under this
section, (i) the primary residence shall not be included as an asset, (ii) to
the extent that the indebtedness that is secured by the primary residence is in
excess of the fair market value of the primary residence, the excess amount
shall be included as a liability, and (iii) if the amount of outstanding
indebtedness that is secured by the primary residence exceeds the amount
outstanding 60 days prior to the execution of this questionnaire, other than as
a result of the acquisition of the primary residence, the amount of such excess
shall be included as a liability.     ____ Any trust, with total assets in
excess of $5,000,000, not formed for the specific purpose of acquiring the
securities offered, whose purchase is directed by a sophisticated person as
described in Section 506(b)(2)(ii) of Regulation D,     ____ A natural person
who had an individual income in excess of $200,000 in each of the two most
recent calendar years, and has a reasonable expectation of reaching the same
income level in the current calendar year. For purposes of this Exhibit A-1,
“income” means annual adjusted gross income, as reported for federal income tax
purposes, plus (i) the amount of any tax-exempt interest income received; (ii)
the amount of losses claimed as a limited partner in a limited partnership;
(iii) any deduction claimed for depletion; (iv) amounts contributed to an IRA or
Keogh retirement plan; (v) alimony paid; and (vi) any amount by which income
from long-term capital gains has been reduced in arriving at adjusted gross
income pursuant to the provisions of Section 1202 of the Internal Revenue Code
of 1986, as amended.     ____ A corporation, partnership, trust or other legal
entity (as opposed to a natural person) and all of such entity’s equity owners
fall into one or more of the categories enumerated above. (Note: additional
documentation may be requested).

 

      Name of Purchaser (Print)   Name of Joint Purchaser (if any) (Print)      
      Signature of Purchaser   Signature of Joint Purchaser (if any)            
Capacity of Signatory (for entities)   Date

 

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EXHIBIT A-2 - REGULATION S PAGE

FOR NON-U.S. PURCHASERS

 

The undersigned Purchaser (a “Reg S Person”) is not a U.S. Person as defined in
Section 902 of Regulation S promulgated under the Securities Act, and hereby
represents that the representations in paragraphs (1) through (9) are true and
correct with respect to such Reg S Person.

 

(1) Such Reg S Person acknowledges and warrants that (i) the issuance and sale
to such Reg S Person of the Securities is intended to be exempt from the
registration requirements of the Securities Act, pursuant to the provisions of
Regulation S; (ii) it is not a “U.S. Person,” as such term is defined in
Regulation S and herein, and is not acquiring the Securities for the account or
benefit of any U.S. Person; and (iii) the offer and sale of the Securities has
not taken place, and is not taking place, within the United States of America or
its territories or possessions. Such Reg S Person acknowledges that the offer
and sale of the Securities has taken place, and is taking place in an “offshore
transaction,” as such term is defined in Regulation S.     (2) Such Reg S Person
acknowledges and agrees that, pursuant to the provisions of Regulation S, the
Securities cannot be sold, assigned, transferred, conveyed, pledged or otherwise
disposed of to any U.S. Person or within the United States of America or its
territories or possessions for a period of one year from and after the Closing
Date, unless such Securities are registered for sale in the United States
pursuant to an effective registration statement under the Securities Act or
another exemption from such registration is available. Such Reg S Person
acknowledges that it has not engaged in any hedging transactions with regard to
the Securities.     (3) Such Reg S Person consents to the placement of a legend
on any certificate, note or other document evidencing the Securities and
understands that the Company shall be required to refuse to register any
transfer of Securities not made in accordance with applicable U.S. securities
laws.     (4) Such Reg S Person is not a “distributor” of securities, as that
term is defined in Regulation S, nor a dealer in securities. Such Reg S Person
is purchasing the Securities as principal for its own account, for investment
purposes only and not with an intent or view towards further sale or
distribution (as such term is used in Section 2(11) of the Securities Act)
thereof, and has not pre-arranged any sale with any other purchaser and has no
plans to enter into any such agreement or arrangement.     (5) Such Reg S Person
is not an Affiliate of the Company nor is any Affiliate of such Reg S Person an
Affiliate of the Company. An “Affiliate” is an individual or corporation,
partnership, trust, incorporated or unincorporated association, joint venture,
limited liability company, joint stock company, government (or an agency or
subdivision thereof) or other entity of any kind (each of the foregoing, a
“Person”) that, directly or indirectly through one or more intermediaries,
controls or is controlled by or is under common control with a Person as such
terms are used in and construed under Rule 405 under the Securities Act. With
respect to a Reg S Person, any investment fund or managed account that is
managed on a discretionary basis by the same investment manager as such Reg S
Person will be deemed to be an Affiliate of such Reg S Person.     (6) Such Reg
S Person understands that the Securities have not been registered under the
Securities Act or the securities laws of any state and are subject to
substantial restrictions on resale or transfer. The Securities are “restricted
securities” within the meaning of Regulation S and Rule 144, promulgated under
the Securities Act.     (7) Such Reg S Person acknowledges that the Securities
may only be sold offshore in compliance with Regulation S or pursuant to an
effective registration statement under the Securities Act or another exemption
from such registration, if available. In connection with any resale of the
Securities pursuant to Regulation S, the Company will not register a transfer
not made in accordance with Regulation S, pursuant to an effective registration
statement under the Securities Act or in accordance with another exemption from
the Securities Act.

 

(8) Such Reg S Person represents that it has satisfied itself as to the full
observance of the laws of its jurisdiction in connection with the offering of
the Securities, including: (a) the legal requirements within its jurisdiction
for the purchase of the Securities; (b) any foreign exchange restrictions
applicable to such purchase; (c) any governmental or other consents that may
need to be obtained; and (d) the income tax and other tax consequences, if any,
that may be relevant to the purchase, holding, redemption, sale or transfer of
the Securities. Such Reg S person’s subscription and payment for, and its
continued beneficial ownership of the Securities, will not violate any
applicable securities or other laws of the jurisdiction of its residence.    
(9) Such Reg S Person makes the representations, declarations and warranties as
contained in this Exhibit A-2 with the intent that the same shall be relied upon
by the Company in determining its suitability as a purchaser of such Securities.

 

      Name of Purchaser (Print)   Name of Joint Purchaser (if any) (Print)      
      Signature of Purchaser   Signature of Joint Purchaser (if any)            
Capacity of Signatory (for entities)   Date

 

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Exhibit II to Subscription Agreement

 

Wire Transfer Instructions to Gold Torrent Inc. Account:

 

Beneficiary Bank: US Bank     Beneficiary Bank Address: US Bank Parkcenter
Office   PD-ID-3673   301 Parkcenter Blvd   Boise, ID 83706     Routing/ABA
number: 123103729     Account number: 153355613065     SWIFT code (if
applicable): USBKUS44IMT     Beneficiary Name: Gold Torrent Inc.     Beneficiary
Address: 960 Broadway Ave.,   Suite 530   Boise, ID 83706

 

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