SUBSCRIPTION AGREEMENT

To:
Surfect Holdings, Inc.

1800 West Broadway Road
Tempe, Arizona 85282
Fax: (480) 968-6083
Attn: Anthony Maffia,
Chief Financial Officer

This Subscription Agreement (this “Agreement”) is being delivered to the
purchaser identified on the signature page to this Agreement (the “Subscriber”)
in connection with its investment in Surfect Holdings, Inc., a Delaware
corporation (the “Company”). The Company is conducting a private placement (the
“Offering”) of up to 150 Units at a purchase price of $20,000 per Unit for a
maximum aggregate purchase price of $3,000,000. Each Unit consists of 500,000
shares of its common stock, $0.0001 par value per share (the “Shares”), at a
purchase price of $0.04 per Share ( “Purchase Price”) and (i) a five-year
warrant to purchase an aggregate of 250,000 Shares at $0.06 per share and (ii) a
five-year warrant to purchase an aggregate of 250,000 Shares at $0.12 per share
(collectively, the “Warrants”). As used herein, the term “Units” means such
Units, and all Shares and Warrants underlying the Units.
 
1. SUBSCRIPTION AND PURCHASE PRICE
 
(a) Subscription. The Subscriber hereby subscribes for and agrees to purchase
the number of Shares indicated on page 7 hereof on the terms and conditions
described herein.
 
(b) Purchase of Shares. The Subscriber understands and acknowledges that the
purchase price to be remitted to the Company in exchange for the Units shall be
set at $20,000 per Unit, for an aggregate purchase price as set forth on page 8
hereof (the “Aggregate Purchase Price”). The Subscriber’s delivery of this
Agreement to the Company shall be accompanied by payment for the Shares
subscribed for hereunder, payable in United States dollars, by wire transfer of
immediately available funds delivered contemporaneously with the Subscriber’s
delivery of this Agreement to the Company in accordance with the instructions
provided on Exhibit A. The Subscriber understands and agrees that, subject to
applicable laws, by executing this Agreement, it is entering into a binding
agreement. The Shares purchased by the Subscriber will be delivered by the
Company as soon as practicable following the date hereof. Notwithstanding
anything to the contrary contained herein, in the event the funds delivered by a
Subscriber are not evenly divisible by the Aggregate Purchase Price, to the
extent the Company accepts such subscription, the Company may round down to the
nearest whole number the number of Shares to be sold to such Subscriber and the
Company shall be entitled to retain any additional funds remaining due to such
rounding.
 
2. INVESTOR’S REPRESENTATIONS, WARRANTIES AND COVENANTS
 
The Subscriber hereby acknowledges, agrees with and represents and warrants to
the Company and its affiliates, as follows:
 
(a) The Subscriber has full power and authority to enter into this Agreement,
the execution and delivery of which has been duly authorized, if applicable, and
this Agreement constitutes a valid and legally binding obligation of the
Subscriber.
 
(b) The Subscriber acknowledges its understanding that the Offering and sale of
the Units is intended to be exempt from registration under the Securities Act of
1933, as amended (the “Securities Act”), by virtue of Section 4(2) of the
Securities Act and the provisions of Regulation D promulgated thereunder
(“Regulation D”). In furtherance thereof, the Subscriber represents and warrants
to the Company and its affiliates as follows:
 
(i) The Subscriber realizes that the basis for the exemption from registration
may not be available if, notwithstanding the Subscriber’s representations
contained herein, the Subscriber is merely acquiring the Units for a fixed or
determinable period in the future, or for a market rise, or for sale if the
market does not rise. The Subscriber does not have any such intention.
 

--------------------------------------------------------------------------------

(ii) The Subscriber realizes that the basis for exemption would not be available
if the Offering is part of a plan or scheme to evade registration provisions of
the Securities Act or any applicable state or federal securities laws.
 
(iii) The Subscriber is acquiring the Units solely for the Subscriber’s own
beneficial account, for investment purposes, and not with view towards, or
resale in connection with, any distribution of the Units.
 
(iv) The Subscriber has the financial ability to bear the economic risk of the
Subscriber’s investment, has adequate means for providing for its current needs
and contingencies, and has no need for liquidity with respect to an investment
in the Company.
 
(v) The Subscriber and the Subscriber’s attorney, accountant, purchaser
representative and/or tax advisor, if any (collectively, the “Advisors”) has
such knowledge and experience in financial and business matters as to be capable
of evaluating the merits and risks of a prospective investment in the Units. If
other than an individual, the Subscriber also represents it has not been
organized solely for the purpose of acquiring the Units.
 
(vi) The Subscriber (together with its Advisors, if any) has received all
documents requested by the Subscriber, if any, has carefully reviewed them and
understands the information contained therein, prior to the execution of this
Agreement.
 
(c) The Subscriber is not relying on the Company or any of its employees,
agents, sub-agents or advisors with respect to economic considerations involved
in this investment. The Subscriber has relied on the advice of, or has consulted
with, only its Advisors. Each Advisor, if any, is capable of evaluating the
merits and risks of an investment in the Units, and each Advisor, if any, has
disclosed to the Subscriber in writing (a copy of which is annexed to this
Agreement) the specific details of any and all past, present or future
relationships, actual or contemplated, between the Advisor and the Company or
any affiliate or sub-agent thereof.
 
(d) The Subscriber has carefully considered the potential risks relating to the
Company and a purchase of the Units, and fully understands that the Units are a
speculative investment that involve a high degree of risk of loss of the
Subscriber’s entire investment. Among other things, the Subscriber has carefully
considered each of the risks described under the heading “Risk Factors” in the
Company’s SEC Filings (as defined in Section 4(d) below), which risk factors are
incorporated herein by reference.
 
(e) The Subscriber represents, warrants and agrees that it will not sell or
otherwise transfer the Units without registration under the Securities Act or an
exemption therefrom, and fully understands and agrees that the Subscriber must
bear the economic risk of its purchase because, among other reasons, the Units
have not been registered under the Securities Act or under the securities laws
of any state and, therefore, cannot be resold, pledged, assigned or otherwise
disposed of unless they are subsequently registered under the Securities Act and
under the applicable securities laws of such states, or an exemption from such
registration is available. In particular, the Subscriber is aware that the Units
are “restricted securities,” as such term is defined in Rule 144 promulgated
under the Securities Act (“Rule 144”), and they may not be sold pursuant to Rule
144 unless all of the conditions of Rule 144 are met. The Subscriber also
understands that the Company is under no obligation to register the Units on
behalf of the Subscriber or to assist the Subscriber in complying with any
exemption from registration under the Securities Act or applicable state
securities laws. The Subscriber understands that any sales or transfers of the
Units are further restricted by state securities laws and the provisions of this
Agreement.
 
(f) No oral or written representations or warranties have been made to the
Subscriber by the Company or any of its officers, employees, agents, sub-agents,
affiliates, advisors or subsidiaries, other than any representations of the
Company contained herein, and in subscribing for the Units, the Subscriber is
not relying upon any representations other than those contained herein.
 
(g) The Subscriber’s overall commitment to investments that are not readily
marketable is not disproportionate to the Subscriber’s net worth, and an
investment in the Units will not cause such overall commitment to become
excessive.
 
-2-

--------------------------------------------------------------------------------

(h) The Subscriber understands and agrees that the certificates for the Shares
shall bear substantially the following legend until (i) such Shares shall have
been registered under the Securities Act and effectively disposed of in
accordance with a registration statement that has been declared effective or
(ii) in the opinion of counsel for the Company, such Shares may be sold without
registration under the Securities Act, as well as any applicable “blue sky” or
state securities laws:
 
THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR
ANY STATE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE SOLD, OFFERED FOR SALE,
PLEDGED OR HYPOTHECATED OR OTHERWISE TRANSFERRED IN THE ABSENCE OF A
REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO SUCH SECURITIES UNDER THE
SECURITIES ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE ISSUER THAT THERE IS
AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.
ANY SUCH TRANSFER MAY ALSO BE SUBJECT TO COMPLIANCE WITH APPLICABLE STATE
SECURITIES LAWS.
 
(i) Neither the U.S. Securities and Exchange Commission (the “SEC”) nor any
state securities commission has approved the Units or passed upon or endorsed
the merits of the Offering. There is no government or other insurance covering
any of the Units.
 
(j) The Subscriber and its Advisors, if any, have had a reasonable opportunity
to ask questions of and receive answers from a person or persons acting on
behalf of the Company concerning the Offering and the business, financial
condition, results of operations and prospects of the Company, and all such
questions have been answered to the full satisfaction of the Subscriber and its
Advisors, if any.
 
(k) The Subscriber is unaware of, is in no way relying on, and did not become
aware of the Offering through or as a result of, any form of general
solicitation or general advertising including, without limitation, any article,
notice, advertisement or other communication published in any newspaper,
magazine or similar media or broadcast over television or radio, or electronic
mail over the Internet, in connection with the Offering and is not subscribing
for Units and did not become aware of the Offering through or as a result of any
seminar or meeting to which the Subscriber was invited by, or any solicitation
of a subscription by, a person not previously known to the Subscriber in
connection with investments in securities generally.
 
(l) The Subscriber has taken no action that would give rise to any claim by any
person for brokerage commissions, finders’ fees or the like relating to this
Agreement or the transactions contemplated hereby.
 
(m) The Subscriber is not relying on the Company or any of its employees,
agents, or advisors with respect to the legal, tax, economic and related
considerations of an investment in the Units, and the Subscriber has relied on
the advice of, or has consulted with, only its own Advisors.
 
(n) The Subscriber acknowledges that any estimates or forward-looking statements
or projections furnished by the Company to the Subscriber, were prepared by
management of the Company in good faith, but that the attainment of any such
projections, estimates or forward-looking statements cannot be guaranteed by the
Company or its management and should not be relied upon.
 
(o) No oral or written representations have been made, or oral or written
information furnished, to the Subscriber or its Advisors, if any, in connection
with the Offering that are in any way inconsistent with the information
contained herein.
 
(p) (For ERISA plans only) The fiduciary of the ERISA plan (the “Plan”)
represents that such fiduciary has been informed of and understands the
Company’s investment objectives, policies and strategies, and that the decision
to invest “plan assets” (as such term is defined in ERISA) in the Company is
consistent with the provisions of ERISA that require diversification of plan
assets and impose other fiduciary responsibilities. The Subscriber or Plan
fiduciary (i) is responsible for the decision to invest in the Company; (ii) is
independent of the Company and any of its affiliates; (iii) is qualified to make
such investment decision; and (iv) in making such decision, the Subscriber or
Plan fiduciary has not relied primarily on any advice or recommendation of the
Company or any of its affiliates.
 
-3-

--------------------------------------------------------------------------------

(q) The Subscriber will indemnify and hold harmless the Company and its
directors, officers, employees, agents, advisors, affiliates and shareholders,
and each other person, if any, who controls any of the foregoing, from and
against any and all loss, liability, claim, damage and expense whatsoever
(including, but not limited to, any and all fees, costs and expenses whatsoever
reasonably incurred in investigating, preparing or defending against any claim,
lawsuit, administrative proceeding or investigation whether commenced or
threatened) (a “Loss”) arising out of or based upon any representation or
warranty of the Subscriber contained herein or in any document furnished by the
Subscriber to the Company in connection herewith being untrue in any material
respect or any breach or failure by the Subscriber to comply with any covenant
or agreement made by the Subscriber herein or therein; provided, however, that
the Subscriber shall not be liable for any Loss that in the aggregate exceeds
the Aggregate Purchase Price tendered hereunder.
 
(r) The Subscriber is, and on each date on which the Subscriber continues to own
restricted securities from the Offering will be, an “Accredited Investor” as
defined in Rule 501(a) under the Securities Act. In general, an “Accredited
Investor” is deemed to be an institution with assets in excess of $5,000,000 or
individuals with net worth in excess of $1,000,000 or annual income exceeding
$200,000 or $300,000 jointly with his or her spouse.
 
(s) The Subscriber, either alone or together with its representatives, has such
knowledge, sophistication and experience in business and financial matters so as
to be capable of evaluating the merits and risks of the Offering, and has so
evaluated the merits and risks of such investment. The Subscriber has not
authorized any person or entity to act as its Purchaser Representative (as that
term is defined in Regulation D of the General Rules and Regulations under the
Securities Act) in connection with the Offering. The Subscriber is able to bear
the economic risk of an investment in the Units and, at the present time, is
able to afford a complete loss of such investment.
 
(t) The Subscriber has reviewed, or had an opportunity to review, all of the SEC
Filings.
 
4. THE COMPANY’S REPRESENTATIONS, WARRANTIES AND COVENANTS
 
The Company hereby acknowledges, agrees with and represents, warrants and
covenants to the Subscriber, as follows:
 
(a) The Company has the corporate power and authority to execute and deliver
this Agreement and to perform its obligations hereunder. This Agreement has been
duly authorized, executed and delivered by the Company and is valid, binding and
enforceable against the Company in accordance with its terms.
 
(b) The Units to be issued to the Subscriber pursuant to this Agreement, when
issued and delivered in accordance with the terms of this Agreement, will be
duly and validly issued and will be fully paid and non-assessable.
 
(c) Neither the execution and delivery nor the performance of this Agreement by
the Company will conflict with the Company’s organizational materials, as
amended to date, or result in a breach of any terms or provisions of, or
constitute a default under, any material contract, agreement or instrument to
which the Company is a party or by which the Company is bound.
 
(d) The Company is subject to, and in full compliance with, the reporting
requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”). The Company has made available to the Subscriber
through the EDGAR system a true and complete copy of (i) the Company’s Annual
Report on Form 10-KSB for the fiscal year ended December 31, 2006, (ii) the
Company’s Quarterly Report on Form 10-QSB for the fiscal period ended March 31,
2007 and (iii) each of the Company’s Current Reports on Form 8-K filed since
January 1, 2007 (collectively, the “SEC Filings”), and all such SEC Filings are
incorporated herein by reference. The SEC Filings, when they were filed with the
SEC (or, if any amendment with respect to any such document was filed, when such
amendment was filed), complied in all material respects with the applicable
requirements of the Exchange Act and the rules and regulations thereunder and
did not, as of such date, contain an untrue statement of a material fact or omit
to state a material fact required to be stated therein or necessary in order to
make the statements therein, in the light of the circumstances under which they
were made, not misleading. All reports and statements required to be filed by
the Company under the Securities Act and the Exchange Act have been filed,
together with all exhibits required to be filed therewith. The Company and each
of its direct and indirect subsidiaries, if any (collectively, the
“Subsidiaries”), are engaged in all material respects only in the business
described in the SEC Filings, and the SEC Filings contain a complete and
accurate description in all material respects of the business of the Company and
the Subsidiaries.
 
-4-

--------------------------------------------------------------------------------

(e) Any information furnished by the Company in connection with the Offering is
true and correct in all material respects as of its date.
 
(f) The Company acknowledges and agrees that the Subscriber is acting solely in
the capacity of an arm’s length purchaser with respect to the Units and the
transactions contemplated hereby. The Company further acknowledges that the
Subscriber is not acting as a financial advisor or fiduciary of the Company (or
in any similar capacity) with respect to this Agreement and the transactions
contemplated hereby and any advice given by any Subscriber or any of their
respective representatives or agents in connection with this Agreement and the
transactions contemplated hereby is merely incidental to the Subscriber’s
purchase of the Units. The Company further represents to the Subscriber that the
Company’s decision to enter into this Agreement has been based solely on the
independent evaluation of the transactions contemplated hereby by the Company
and its representatives.
 
(g) The Company will indemnify and hold harmless the Subscriber and, where
applicable, its directors, officers, employees, agents, advisors and
shareholders, from and against any and all loss, liability, claim, damage and
expense whatsoever (including, but not limited to, any and all fees, costs and
expenses whatsoever reasonably incurred in investigating, preparing or defending
against any claim, lawsuit, administrative proceeding or investigation whether
commenced or threatened) arising out of or based upon any representation or
warranty of the Company contained herein or in any document furnished by the
Company to the Subscriber in connection herewith being untrue in any material
respect or any breach or failure by the Company to comply with any covenant or
agreement made by the Company to the Subscriber in connection therewith.
 
5. USE OF PROCEEDS
 
The Company shall use the net proceeds from the Offering for general working
capital purposes.

6. INSIDER TRADING PROHIBITION; INDEMNITY
 
(a) Until the date on which sales are permitted under Rule 144 of the Securities
Act, the Subscriber hereby agrees to (i) refrain from (A) engaging in any
transactions with respect to the capital stock of the Company or securities
exercisable or convertible into or exchangeable for any shares of capital stock
of the Company, and (B) entering into any transaction that would have the same
effect, or entering into any swap, hedge or other arrangement that transfers, in
whole or in part, any of the economic consequences of ownership of the capital
stock of the Company and (ii) indemnify and hold harmless the Company and its
respective officers and directors, employees, agents, sub-agents, advisors and
affiliates and each other person, if any, who controls any of the foregoing,
against any Loss arising out of or based upon any violation of this Section 6 by
the Subscriber.
 
(b) The Subscriber further agrees that in the event of any dispute, action, suit
or other proceeding arising out of or in connection with this Agreement brought
by the Subscriber (or a transferee), the Subscriber (or transferee) shall pay
the fees and expense of counsel to the Company. As used herein, the fees and
expenses of counsel shall be deemed to mean the full and actual costs reasonably
incurred in investigating, preparing or defending against any litigation
commenced or threatened or any claim whatsoever, calculated on the basis of the
usual fee charged by attorneys performing such services, and the actual
out-of-pocket expenses incurred in the course of performing such investigation
and legal services.
 
7. NOTICES TO SUBSCRIBERS
 
(a) THE UNITS HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OR THE
SECURITIES LAWS OF ANY STATE AND ARE BEING OFFERED AND SOLD IN RELIANCE ON
EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND SUCH
LAWS. THE UNITS HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SEC, ANY STATE
SECURITIES COMMISSION OR 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 ANY INFORMATION FURNISHED IN CONNECTION WITH THIS
OFFERING. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.
 
-5-

--------------------------------------------------------------------------------

(b) THE UNITS ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY
NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT, AND
APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION
THEREFROM. SUBSCRIBERS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE
FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME.
 
8. MISCELLANEOUS PROVISIONS
 
(a) Counsel. All parties hereto have been represented by counsel, and no
inference shall be drawn in favor of or against any party by virtue of the fact
that such party’s counsel was or was not the principal draftsman of this
Agreement. The Company and the Subscriber each have requested that attorneys at
Haynes and Boone, LLP (“Counsel”) assist in documenting the terms of the
agreement of the parties contained in this Agreement and related agreements. The
parties acknowledge that Counsel may have previously represented the Subscriber
and currently is counsel to Company in connection with this Agreement and
related matters, and may continue to represent each of the parties in the
future. Each of the parties has been provided the opportunity to be represented
by counsel of its choice and has been encouraged by Counsel to seek separate
representation to the extent that it deems such desirable, but the absence of
such shall not be asserted as a basis for the enforceability or interpretation
of any of the terms or provisions of this Agreement, or as a reason to seek
disqualification of Counsel in any controversy or proceeding.
 
(b) Legal Fees. Each of the parties hereto shall be responsible to pay the costs
and expenses of their own legal counsel in connection with the preparation and
review of this Agreement and related documentation.
 
(c) 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 waiver, modification, discharge or
termination is sought.
 
(d) Survival. The representations, warranties and agreements of the Subscriber
and the Company made in this Agreement shall survive the execution and delivery
of this Agreement and the delivery of the Shares.
 
(e) Notices. Any party may send any notice, request, demand, claim or other
communication hereunder to the Subscriber at the address set forth on the
signature page of this Agreement or to the Company at the address set forth
above using any means (including personal delivery, expedited courier, messenger
service, fax, ordinary mail or electronic mail), but no such notice, request,
demand, claim or other communication will be deemed to have been duly given
unless and until it actually is received by the intended recipient. Any party
may change the address to which notices, requests, demands, claims and other
communications hereunder are to be delivered by giving the other parties written
notice in the manner herein set forth.
 
(f) Binding Effect. Except as otherwise provided herein, this Agreement shall be
binding upon, and inure to the benefit of, the parties to this Agreement and
their heirs, executors, administrators, successors, legal representatives and
assigns. If the Subscriber is more than one person or entity, the obligation of
the Subscriber shall be joint and several and the agreements, representations,
warranties and acknowledgments contained herein shall be deemed to be made by,
and be binding upon, each such person or entity and his or its heirs, executors,
administrators, successors, legal representatives and assigns. This Agreement
sets forth the entire agreement and understanding between the parties as to the
subject matter thereof and merges and supersedes all prior discussions,
agreements and understandings of any and every nature among them.
 
(g) Assignability. This Agreement is not transferable or assignable by the
Subscriber.
 
(h) Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York, without giving effect to
conflicts of law principles.
 
-6-

--------------------------------------------------------------------------------

(i) Jurisdiction and Venue. The Company and the Subscriber hereby agree that any
dispute which may arise between them arising out of or in connection with this
Agreement shall be adjudicated before a court located in New York City, New
York, and they hereby submit to the exclusive jurisdiction of the federal and
state courts of the State of New York located in New York City with respect to
any action or legal proceeding commenced by any party, and irrevocably waive any
objection they now or hereafter may have respecting the venue of any such action
or proceeding brought in such a court or respecting the fact that such court is
an inconvenient forum, relating to or arising out of this Agreement or any acts
or omissions relating to the sale of the securities hereunder, and consent to
the service of process in any such action or legal proceeding by means of
registered or certified mail, return receipt requested, postage prepaid, in care
of the address set forth herein or such other address as either party shall
furnish in writing to the other.
 
(j) Counterparts. This Agreement may be executed in two or more counterparts,
each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.
 
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
 
-7-

--------------------------------------------------------------------------------

ALL SUBSCRIBERS MUST COMPLETE THIS PAGE
 
IN WITNESS WHEREOF, the Subscriber has executed this Agreement on the ____ day
of ____________ 2007.
 
________________________
x $20,000 for each Unit
= $_____________________.
Number of Units subscribed for
Purchase Price
Aggregate Purchase Price

Manner in which Title is to be held (Please Check One):
 
1.
___
Individual
7.
___
Trust/Estate/Pension or Profit sharing Plan
Date Opened:______________
2.
___
Joint Tenants with Right of Survivorship
8.
___
As a Custodian for
________________________________
Under the Uniform Gift to Minors Act of the State of
________________________________
3.
___
Community Property
9.
___
Married with Separate Property
 
4.
 
___
 
Tenants in Common
 
10.
 
___
 
Keogh
 
5.
 
___
 
Corporation/Partnership/ Limited Liability Company
 
11.
 
___
 
Tenants by the Entirety
6.
___
IRA
     

 
-8-

--------------------------------------------------------------------------------

IF MORE THAN ONE SUBSCRIBER, EACH SUBSCRIBER MUST SIGN.
INDIVIDUAL SUBSCRIBERS MUST COMPLETE THIS PAGE 8.
SUBSCRIBERS WHICH ARE ENTITIES MUST COMPLETE PAGE 9.
 
EXECUTION BY NATURAL PERSONS
 
_____________________________________________________________________________
Exact Name in Which Title is to be Held
 
_________________________________
Name (Please Print)
 
_________________________________
Name of Additional Purchaser
           
_________________________________
Residence: Number and Street
 
_________________________________
Address of Additional Purchaser
           
_________________________________
City, State and Zip Code
 
_________________________________
City, State and Zip Code
           
_________________________________
Social Security Number
 
_________________________________
Social Security Number
           
_________________________________
Telephone Number
 
_________________________________
Telephone Number
           
_________________________________
Fax Number (if available)
 
________________________________
Fax Number (if available)
           
_________________________________
E-Mail (if available)
 
________________________________
E-Mail (if available)
           
__________________________________
(Signature)
 
________________________________
(Signature of Additional Purchaser)
           
ACCEPTED this ___ day of _________ 2007, on behalf of the Company.
 
 
By: _________________________________
Name:
Title:
   

-9-

--------------------------------------------------------------------------------

EXECUTION BY SUBSCRIBER WHICH IS AN ENTITY
(Corporation, Partnership, LLC, Trust, Etc.)
 

_____________________________________________________________________________
Name of Entity (Please Print)
Date of Incorporation or Organization:
 
State of Principal Office:
 
Federal Taxpayer Identification Number:
 
____________________________________________
Office Address
 
____________________________________________
City, State and Zip Code
 
____________________________________________
Telephone Number
 
____________________________________________
Fax Number (if available)
 
____________________________________________
E-Mail (if available)
 
By:  ______________________________
 Name:
 Title:
[seal]
 
Attest: _________________________________
(If Entity is a Corporation)
 
_________________________________
 
_______________________________
Address
   
ACCEPTED this ____ day of __________ 2007, on behalf of the Company.
 
 
 
By:  ________________________________
 Name:
 Title:

 
-10-

--------------------------------------------------------------------------------

 
INVESTOR QUESTIONNAIRE
 
Instructions: Check all boxes below which correctly describe you.
 
o         You are (i) a bank, as defined in Section 3(a)(2) of the Securities
Act of 1933, as amended (the “Securities Act”), (ii) a savings and loan
association or other institution, as defined in Section 3(a)(5)(A) of the
Securities Act, whether acting in an individual or fiduciary capacity, (iii) a
broker or dealer registered pursuant to Section 15 of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), (iv) an insurance company as
defined in Section 2(13) of the Securities Act, (v) an investment company
registered under the Investment Company Act of 1940, as amended (the “Investment
Company Act”), (vi) a business development company as defined in Section
2(a)(48) of the Investment Company Act, (vii) a Small Business Investment
Company licensed by the U.S. Small Business Administration under Section 301 (c)
or (d) of the Small Business Investment Act of 1958, as amended, (viii) a plan
established and maintained by a state, its political subdivisions, or an agency
or instrumentality of a state or its political subdivisions, for the benefit of
its employees and you have total assets in excess of $5,000,000, or (ix) an
employee benefit plan within the meaning of the Employee Retirement Income
Security Act of 1974, as amended (“ERISA”) and (1) the decision that you shall
subscribe for and purchase Units, is made by a plan fiduciary, as defined in
Section 3(21) of ERISA, which is either a bank, savings and loan association,
insurance company, or registered investment adviser, or (2) you have total
assets in excess of $5,000,000 and the decision that you shall subscribe for and
purchase the Units is made solely by persons or entities that are accredited
investors, as defined in Rule 501 of Regulation D promulgated under the
Securities Act (“Regulation D”) or (3) you are a self-directed plan and the
decision that you shall subscribe for and purchase the Units is made solely by
persons or entities that are accredited investors.
 
o         You are a private business development company as defined in Section
202(a)(22) of the Investment Advisers Act of 1940, as amended.
 
o         You are an organization described in Section 501(c)(3) of the Internal
Revenue Code of 1986, as amended (the “Code”), a corporation, Massachusetts or
similar business trust or a partnership, in each case not formed for the
specific purpose of making an investment in the Units and with total assets in
excess of $5,000,000.
 
o         You are a director or executive officer of Surfect Holdings, Inc.
 
o         You are a natural person whose individual net worth, or joint net
worth with your spouse, exceeds $1,000,000 at the time of your subscription for
and purchase of the Units.
 
o         You are a natural person who had an individual income in excess of
$200,000 in each of the two most recent years or joint income with your spouse
in excess of $300,000 in each of the two most recent years, and who has a
reasonable expectation of reaching the same income level in the current year.
 
o         You are a trust, with total assets in excess of $5,000,000, not formed
for the specific purpose of acquiring the Units, whose subscription for and
purchase of the Units is directed by a sophisticated person as described in Rule
506(b)(2)(ii) of Regulation D.
 
o         You are an entity in which all of the equity owners are persons or
entities described in one of the preceding paragraphs.
 
-11-

--------------------------------------------------------------------------------

Check all boxes below which correctly describe you.
 
With respect to this investment in Units of the Company, your:
 
Investment Objectives:   x Aggressive Growth  x Speculation
 
Risk Tolerance:    o Low Risk    o Moderate Risk    x High Risk
 
Are you associated with a NASD Member Firm?   o Yes   o No
 
Your initials (purchaser and co-purchaser, if applicable) are required for each
item below:
 

____   ____  I/We understand that this investment is not guaranteed.     ____  
____  I/We are aware that this investment is not liquid.     ____   ____  I/We
are sophisticated in financial and business affairs and are able to evaluate the
risks and merits of an investment in this offering.     ____   ____  I/We
confirm that this investment is considered “high risk.” (This type of investment
is considered high risk due to the inherent risks including lack of liquidity
and lack of diversification.  Success or failure of private placements such as
this is dependent on the corporate issuer of these securities and is outside the
control of the investors. While potential loss is limited to the amount
invested, such loss is possible.)      
The Subscriber hereby represents and warrants that all of its answers to this
Investor Questionnaire are true as of the date of its execution of the
Subscription Agreement pursuant to which it purchased Units of the Company.

 
 
 
___________________________________
Name of Purchaser [please print]
 
___________________________________
Signature of Purchaser (Entities please
provide signature of Purchaser’s duly
authorized signatory.)
___________________________________
Name of Signatory (Entities only)
 
__________________________________
Title of Signatory (Entities only)
 
 
_______________________________
Name of Co-Purchaser [please print]
 
________________________________
Signature of Co-Purchaser

-12-

--------------------------------------------------------------------------------

VERIFICATION OF INVESTMENT ADVISOR/BROKER
 
I state that I am familiar with the financial affairs and investment objectives
of the investor named above and reasonably believe that a purchase of the
securities is a suitable investment for this investor and that the investor,
either individually or together with his or her purchaser representative,
understands the terms of and is able to evaluate the merits of this offering. I
acknowledge:
 

 
(a)
that I have reviewed the Subscription Agreement and forms of securities
presented to me, and attachments (if any) thereto;

 

 
(b)
that the Subscription Agreement and attachments thereto have been fully
completed and executed by the appropriate party; and

 

 
(c)
that the subscription will be deemed received by the Company upon acceptance of
the Subscription Agreement.

 
Deposit securities from this offering directly to purchaser’s account?  o Yes 
 o No
 
If “Yes,” please indicate the account
number:_____________________________________

_____________________________________
____________________________________
Broker/Dealer
Account Executive
_____________________________________
____________________________________
(Name of Broker/Dealer)
(Signature)
_____________________________________
____________________________________
(Street Address of Broker/Dealer Office)
(Print Name)
_____________________________________
____________________________________
(City of Broker/Dealer Office) (State) (Zip)
(Representative I.D. Number)
_____________________________________
____________________________________
(Telephone Number of Broker/Dealer Office)
(Date)
_____________________________________
____________________________________
(Fax Number of Broker/Dealer Office)
(E-mail Address of Account Executive)

 
 
-13-

--------------------------------------------------------------------------------

Exhibit A

Wire Instructions

 

 BANK NAME:  City National Bank

 
400 N. Roxbury Drive

 
Beverly Hills, CA 90212

   

REFERENCE: Surfect Technologies, Inc.

   

ACCOUNT NUMBER: 112655700

   

ABA ROUTING #: 122016066

 

 
 
 
-14-