vivakor_ex1007.htm


EXHIBIT 10.7

 

Subscription Agreement


VivaKor, Inc.





1. Investment.

(a) The undersigned (“Buyer”) subscribes for __________ Shares of Common Stock of VivaKor, Inc. at $0.23 per share.





(b) Total subscription price ($0.23 times number of Shares): $__________________





2. Investor Information.

Name (type or print) SSN/EIN/Taxpayer I.D.

___________________________________ ________________________

E-mail address: __________________________________________________________

Address: ______________________________________________________________

Joint Name (type or print) SSN/EIN/Taxpayer I.D.

___________________________________ _______________________

E-mail address: __________________________________________________________

Address: ______________________________________________________________

Mailing Address (if different from above):__________________________________________________

Street City/State Zip

Business Phone: ( ) ___________________ Home Phone: ( ) __________________





3. Type of Ownership. (You must check one box)

[ ] Individual [ ] Custodian for _______________________________

[ ] Tenants in Common [ ] Uniform Gifts to Minors Act of the State of: _______

[ ] Corporation (Inc., LLC, LP) Please List all officers, directors, partners, managers, etc.:

____________________________________________________________________

________________________________________________________________________

[ ] Joint Tenants with rights of Survivorship

[ ] Partnership (Limited Partnerships use “Corporation”)

[ ] Trust

[ ] Community Property

[ ] Other (please explain) _________________________________________________





PLEASE MAKE CHECKS PAYABLE TO:

VivaKor, Inc.





4. Further Representations, Warrants and Covenants. Buyer hereby represents, warrants, covenants and agrees as follows:





5. Indemnification





Buyer acknowledges an understanding of the meaning of the legal consequences of Buyer’s representations and warranties contained in this Subscription Agreement and the effect of his or her signature and execution of this Agreement, and Buyer hereby agrees to indemnify and hold the Company and each of its officers and/or
directors, representatives, agents or employees, harmless from and against any and all losses, damages, expenses or liabilities due to, or arising out of, a breach of any representation, warranty or agreement of or by Buyer contained in this Subscription Agreement.





(a) Buyer is at least eighteen (18) years of age with an address as set forth in this Subscription Agreement.





(b) Except as set forth in the Prospectus and the exhibits thereto, no representations or warranties, oral or otherwise, have been made to Buyer by the Company or any other person, whether or not associated with the Company or this offering. In entering into this transaction, Buyer is not relying upon any information, other
than that contained in the Prospectus and the exhibits thereto and the results of any independent investigation conducted by Buyer at Buyer’s sole discretion and judgment.

 



 



 







 



 

(c) Buyer understands that his or her investment in the Shares is speculative and involves a high degree of risk, and is not recommended for any person who cannot afford a total loss of the investment. Buyer has read and understands the “Risk Factors” set forth in the Prospectus. Buyer is able to bear the economic
risks of an investment in the Offering and at the present time can afford a complete loss of such investment.





(d) Buyer is under no legal disability nor is Buyer subject to any order, which would prevent or interfere with Buyer’s execution, delivery and performance of this Subscription Agreement or his or her purchase of the Shares. The Shares are being purchased solely for Buyer’s own account and not for the account
of others and for investment purposes only.





(e) Buyer has (i) adequate means of providing for his or her current financial needs and possible personal

contingencies, and no present need for liquidity of the investment in the Shares, and (ii) a liquid net worth (that is, net worth exclusive of a primary residence, the furniture and furnishings thereof, and automobiles) which is sufficient to enable Buyer to hold the Shares indefinitely.





(f) If the Buyer is acting without a Purchaser Representative, Buyer has such knowledge and experience in

financial and business matters that Buyer is fully capable of evaluating the risks and merits of an investment in the Offering.





(g) Buyer has been furnished with the Prospectus. Buyer understands that Buyer shall be required to bear all personal expenses incurred in connection with his or her purchase of the Shares, including without limitation, any fees which may be payable to any accountants, attorneys or any other persons consulted by Buyer in
connection with his or her investment in the Offering.





6. Acceptance of Subscription

It is understood that this subscription is not binding upon the Company until accepted by the Company, and that the Company has the right to accept or reject this subscription, in whole or in part, in its sole and complete discretion. If this subscription is rejected in whole, the Company shall return to Buyer, without interest,
the Payment tendered by Buyer, in which case the Company and Buyer shall have no further obligation to each other hereunder. In the event of a partial rejection of this subscription, Buyer’s Payment will be returned to Buyer without interest, whereupon Buyer agrees to deliver a new payment in the amount of the purchase price for the number of Shares to be purchased hereunder following a partial rejection of this subscription.





7. Governing Law

This Subscription Agreement shall be governed and construed in all respects in accordance with the laws of the State of Nevada without giving effect to any conflict of laws or choice of law rules.





IN WITNESS WHEREOF, this Subscription Agreement has been executed and delivered by the Buyer and by the Company on the respective dates set forth below.





Deliver completed subscription agreements and checks to:





VivaKor, Inc.

c/o Wilson, Haglund & Paulsen, P.C..

9110 Irvine Center Drive

Irvine, CA 92618

Signature of Buyer Investor’s Subscription

Accepted this___ day of ________ , 200__









By: _______________________________ By: ________________________________

          Printed Name                                                                           
VivaKor, Inc.









Date: ________________                                                                Accepted
By: _____________________________