EXHIBIT 10.3


 


 


____________________


 


BRAZIL INTERACTIVE MEDIA, INC.


____________________


 


 


 


SUBSCRIPTION AGREEMENT


 


 


 


____________________


 


 


 


Up to $395,000 Of The Company’s Two-Year
Convertible Debentures 


 


 


___________________


 


 


 


 


 


 


 


 


 


 


 


 


 



    	



    	 



    




 


SUBSCRIPTION PROCEDURES


 


 


Convertible Debentures
(the “Debentures”) and (the “Securities”) of Brazil Interactive Media, Inc., Delaware corporation
(the “Company”) are being offered pursuant to this Subscription Agreement (this “Subscription Agreement”).
This “Offering” is being made in accordance with the exemptions from registration provided under Section 4(a)(2) of
the Securities Act of 1933, as amended (the “Securities Act”) and Rule 506(b) of Regulation D promulgated under
the Securities Act.


 


In order to purchase Securities,
each Subscriber must complete and execute this Subscription Agreement and the accompanying investor questionnaire (the “Questionnaire”).
In addition, the Holder, as defined herein, must make a payment for the amount being subscribed for hereunder directly to the Company.
All subscriptions are subject to acceptance by the Company, which shall not occur until the Company has returned the signed “Company
Signature Page”.


 


The Questionnaire is designed
to enable the Holder to demonstrate the minimum legal requirements under federal and state securities laws to purchase the Securities.
The Signature Page for the Questionnaire and the Subscription Agreement contain representations relating to the subscription and
should be reviewed carefully by each subscriber and/or its advisors.


 


If the Holder is a foreign
person or foreign entity, the Holder may be subject to a withholding tax equal to thirty percent (30%) of any dividends paid by
the Company. In order to eliminate or reduce such withholding tax, the Holder must submit a properly executed I.R.S. Form 4224
“Exemption from Withholding of Tax on Income Effectively Connected with the Conduct of a Trade or Business in the United
States” or I.R.S. Form 1001 “Ownership Exemption or Reduced Trade Certificate”, claiming exemption from withholding
or eligibility for treaty benefits in the form of a lower rate of withholding tax on interest or dividends.


 


Payment of the full subscription
amount will be made by wire transfer by _______________________________________________ (the “Holder”) on or
prior to the closing per the wire instructions that will be established. In the event of a termination of the Offering or the rejection
of a subscription, subscription funds will be returned by the Company without interest or charges.


 


SUBSCRIPTION AGREEMENT





 


THE SECURITIES OFFERED HEREBY HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR ANY STATE SECURITIES LAWS
AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF SUCH LAWS. THE SECURITIES 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 SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE UNITED STATES SECURITIES
AND EXCHANGE COMMISSION (THE “SEC” OR THE “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.


 


Brazil Interactive Media, Inc.


 


This Subscription Agreement
is made between Brazil Interactive Media, Inc., a Delaware corporation (the “Company”), and the undersigned
prospective Holder (the “Holder”) who is subscribing hereby for the Company’s convertible debentures (the
“Debentures”) (the “Securities”). This subscription is submitted to you in accordance with and subject
to the terms and conditions described in this Subscription Agreement, together with any Exhibits hereto, relating to an offering
of up to Three Hundred Ninety-Five Thousand dollars ($395,000) of the Securities (the “Offering”). The Offering
is limited to certain “accredited investors” and is made in accordance with the exemptions from registration provided
for under Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D promulgated under the Securities Act (“Regulation
D”).



    	2



    	 



    




 


Contemporaneously with
the execution and delivery of this Subscription Agreement, the parties hereto are executing and delivering a Registration Rights
Agreement and Form of Debenture, all of even date herewith (collectively with the documents referenced in the foregoing documents,
the “Transaction Documents”).


 


1.Subscription.


 


(a) The
closing shall be deemed to have occurred on or about April 24, 2014 (the “Closing Date” or a
“Closing”) provided however, that the transactions contemplated by the Agreement and Plan of
Reorganization between the Company and American Cannabis Consulting, Inc., and all of its subsidiaries have been completed
("Acquisition")


 


(b)Upon
receipt by the Company of the requisite payment for the Debenture being purchased, the Debenture so purchased will be
forwarded by the Company to the Holder or its broker, as listed on the signature page, and the name of the Holder will be
registered on the Debenture transfer books of the Company as the record owner of such Debentures.


 


(c)As long as the Holder owns the Debenture,
the Holder shall have the right, to change the terms and conditions for the balance of the Debenture it then holds, to match the
terms of any other offering of securities made by the Company.


 


(d) The Holder shall fund (i) ___________________
dollars ($_________) upon Closing of the Acquisition, which shall be paid directly to the Company.


 


 


 


2.Representations And Warranties Of
The Holder.


 


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


 


(a)The Holder has been furnished
with, and has carefully read the applicable form of the Debenture and is familiar with and understands the terms of the Offering.
With respect to tax and other economic considerations involved in his investment, the Holder is not relying on any representation
or warranty made by the Company. The Holder has carefully considered and has, to the extent the Holder believes such discussion
necessary, discussed with the Holder's professional legal, tax, accounting and financial advisors the suitability of an investment
in the Company, by purchasing the Debentures, for the Holder's particular tax and financial situation and has determined that the
investment being made by the Holder is a suitable investment for the Holder.


 


(b)The Holder acknowledges
that all documents, records, and books pertaining to this investment which the Holder has requested, have been made available for
inspection, or the Holder has had access thereto.


 


(c)The Holder has 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 if such opportunity was taken, then all such questions have been answered to the full satisfaction of the Holder.


 


(d)The Holder will not sell,
or otherwise dispose of the Debentures or its underlying shares of the Company’s common stock, par value $0.00001 per share
(the “Common Stock”) issued upon conversion of the Debentures without registration under the Securities Act
or applicable state securities laws or compliance with an exemption therefrom including but not limited to Rule 144(b) and 144(k)
under the Securities Act (an “Exemption”). The Securities have not been registered under the Securities Act
or under the securities laws of any state. The Common Stock underlying the Securities, is to be registered by the Company, with
the U.S. Securities and Exchange Commission (“SEC”), pursuant to the terms of the Registration Rights Agreement (attached
hereto as Exhibit A) incorporated herein and made a part hereof.


 


(e)The Holder recognizes
that an investment in the Securities is speculative and involves substantial risks, including loss of the entire amount of such
investment. Further, the Holder has carefully read and considered the schedules attached hereto.



    	3



    	 



    




 


(f)The
Holder understands that no federal or state agency has made any finding or determination regarding the fairness of this Offering
of the Securities, or the Common Stock issuable upon conversion of the Debenture for investment, or any recommendation or endorsement
of this Offering of the Securities.


 


(g) The
Holder is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D under the 1933 Act. The Holder
has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of the
purchase of the Securities. The Holder is not registered as a broker or dealer under Section 15(a) of the 1934 Act, affiliated
with any broker or dealer registered under Section 15(a) of the Securities Exchange Act of 1934, as amended, or a member of the
Financial Industry Regulatory Authority.


 


(h) The Holder
acknowledges that each certificate representing the Debentures (and the shares of Common Stock issued upon conversion of the
Debentures), shall be stamped or otherwise imprinted with a legend substantially in the following form:


 


THE SECURITIES EVIDENCED BY THIS
CERTIFICATE MAY NOT BE OFFERED OR SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF EXCEPT (i) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, (ii) TO THE EXTENT APPLICABLE, PURSUANT TO RULE 144 UNDER
THE ACT (OR ANY SIMILAR RULE UNDER SUCH ACT RELATING TO THE DISPOSITION OF SECURITIES), OR (iii) PURSUANT TO AN AVAILABLE EXEMPTION
FROM REGISTRATION UNDER SUCH ACT.


 


If the Holder
sends a Notice of Conversion (attached hereto as Exhibit B), and a registration statement under the Securities Act is in
effect as to the sale, then in such event the Company shall have its transfer agent send Holder the appropriate number of shares
of Common Stock without restrictive legends (other than a legend referring to the resale registration and prospectus delivery requirements)
and not subject to stop transfer instructions.


 


(i)If this Subscription Agreement
is executed and delivered on behalf of a corporation or legal entity other than a natural person: (i) such corporation or other
entity has the full legal right and power and all authority and approval required (a) to execute and deliver, or authorize execution
and delivery of this Subscription Agreement and all other Transaction Documents executed and delivered by or on behalf of such
corporation in connection with the purchase of the Securities, and (b) to purchase and hold the Securities; and (ii) the signature
of the party signing on behalf of such corporation or entity is binding upon such corporation.


 


(j)The Holder is not subscribing
for the Securities as a result of, or pursuant 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 other general solicitation.


 


(k)The Holder
is purchasing the Securities for its own account for investment, and not with a view toward the resale or distribution thereof,
except pursuant to sales registered or exempted from registration under the Securities Act. The Holder has not offered or sold
any portion of the Securities being acquired nor does the Holder have any present intention of dividing the Securities with others
or of selling, distributing or otherwise disposing of any portion of the Securities either currently or after the passage of a
fixed or determinable period of time or upon the occurrence or non-occurrence of any predetermined event or circumstance in violation
of the Securities Act provided, however, that by making the representations herein, the Holder does not agree to hold any of the
Securities for any minimum or other specific term and reserves the right to dispose of the Securities at any time in accordance
with or pursuant to a registration statement or an exemption under the Securities Act. The Holder is neither an underwriter of,
nor a dealer in, the Debentures or the Common Stock issuable upon conversion or exercise, as the case may be, thereof or upon the
payment of interest thereon and is not participating in the distribution or resale of the Debentures or the Common Stock issuable
upon conversion or exercise, as the case may be, thereof. Notwithstanding anything in this Section to the contrary, the Holder
reserves the right to pledge any of the Securities for margin purposes and dispose of the Securities at any time in accordance
with federal and state securities laws applicable to such dispositions.



    	4



    	 



    




 


(l)The Holder or the Holder's
representatives, as the case may be, has such knowledge and experience in financial, tax and business matters so as to enable the
Holder to utilize the information made available to the Holder in connection with the Offering to evaluate the merits and risks
of an investment in the Securities and to make an informed investment decision with respect thereto.


 


 3. Representations And Warranties Of The Company.




 


Except as set forth in
the Schedules attached hereto, the Company hereby represents and warrants to, and agrees with the Holder, as follows:


 


a. Organization and Qualification.
The Company and its “Subsidiaries” (which for purposes of this Subscription Agreement means any entity in which
the Company, directly or indirectly, owns capital stock or holds an equity or similar interest) (a complete list of which is set
forth in Schedule 3(a)) are corporations duly organized and validly existing in good standing under the laws of the respective
jurisdictions of their incorporation, and have the requisite corporate power and authorization to own their properties and to carry
on their business as now being conducted. Both the Company and its Subsidiaries are duly qualified to do business and are in good
standing in every jurisdiction in which their ownership of property or the nature of the business conducted by them makes such
qualification necessary, except to the extent that the failure to be so qualified or be in good standing would not have a Material
Adverse Effect. As used in this Subscription Agreement, the term “Material Adverse Effect” means any material
adverse effect on the business, properties, assets, operations, results of operations, financial condition or prospects of the
Company and its Subsidiaries, if any, taken as a whole, or on the transactions contemplated hereby or by the agreements and instruments
to be entered into in connection herewith, or on the authority or ability of the Company to perform its obligations under the Transaction
Documents (as defined in Section 3.b hereof).


 


b. Authorization; Enforcement; Compliance
with Other Instruments. (i) The Company has the requisite corporate power and authority to enter into and perform its obligations
under the Transaction Documents, and to issue the Securities in accordance with the terms hereof and thereof, (ii) the execution
and delivery of the Transaction Documents by the Company and the consummation by it of the transactions contemplated hereby and
thereby, including without limitation the reservation for issuance and the issuance of the Debentures pursuant to this Subscription
Agreement, have been duly and validly authorized by the Company's Board of Directors and no further consent or authorization is
required by the Company, its Board of Directors, or its shareholders, (iii) the Transaction Documents have been duly and validly
executed and delivered by the Company, and (iv) the Transaction Documents constitute the valid and binding obligations of the Company
enforceable against the Company in accordance with their terms, except as such enforceability may be limited by general principles
of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting
generally, the enforcement of creditors' rights and remedies.



    	5



    	 



    




 


c. Capitalization. As of the
Closing Date, the Company’s authorized capital stock shall be 100,000,000 shares of Common Stock, of which, approximately
(45,236,314) shares shall be issued and outstanding. All of such outstanding shares have been, or upon issuance will be, validly
issued and are fully paid for and nonassessable. Except as disclosed in Schedule 3(c), which is attached hereto and made
a part hereof, (i) no shares of the Company's capital stock are subject to preemptive rights or any other similar rights or any
liens or encumbrances suffered or permitted by the Company, (ii) there are no outstanding debt securities, (iii) there are no outstanding
shares of capital stock, options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating
to, or securities or rights convertible into, any shares of capital stock of the Company or any of its Subsidiaries, or contracts,
commitments, understandings or arrangements by which the Company or any of its Subsidiaries is or may become bound to issue additional
shares of capital stock of the Company or any of its Subsidiaries or options, warrants, scrip, rights to subscribe to, calls or
commitments of any character whatsoever relating to, or securities or rights convertible into, any shares of capital stock of the
Company or any of its Subsidiaries, (iv) there are no agreements or arrangements under which the Company or any of its Subsidiaries,
is obligated to register the sale of any of their securities under the Securities Act (except the as otherwise set forth in the
Transaction Documents), (v) there are no outstanding securities of the Company or any of its Subsidiaries which contain any redemption
or similar provisions, and there are no contracts, commitments, understandings or arrangements by which the Company or any of its
Subsidiaries is or may become bound to redeem a security of the Company or any of its Subsidiaries, (vi) there are no securities
or instruments containing anti-dilution or similar provisions that will be triggered by the issuance of the Securities as described
in this Subscription Agreement, (vii) the Company does not have any stock appreciation rights or "phantom stock" plans
or agreements or any similar plan or agreement, and (viii) there is no dispute as to the class of any shares of the Company's capital
stock. The Company has furnished to the Holder, or the Holder has had access through EDGAR to, true and correct copies of the Company's
Articles of Incorporation, as in effect on the date hereof (the “Articles Of Incorporation”), and the Company's
Bylaws, as in effect on the date hereof (the “Bylaws”).


 


d.Issuance
of Debentures. Upon issuance in accordance with this Subscription Agreement, the Debentures will be validly issued, fully
paid for and nonassessable and free from all taxes, liens and charges with respect to the issue thereof. In the event the Company
cannot register a sufficient number of shares of Common Stock issuable upon conversion of the Debenture, due to the remaining number
of authorized shares of Common Stock being insufficient, the Company will use its best efforts to register the maximum number of
shares it can based on the remaining balance of authorized shares and will use its best efforts to increase the number of its authorized
shares as soon as reasonably practicable.



    	6



    	 



    




 


e. No Conflicts.
The execution, delivery and performance of the Transaction Documents by the Company and the consummation by the Company of the
transactions contemplated hereby and thereby will not (i) result in a violation of the Articles of Incorporation, any Certificate
of Designations, Preferences and Rights of any outstanding series of preferred stock of the Company or the Bylaws or (ii) conflict
with, or constitute a material default (or an event which with notice or lapse of time or both would become a material default)
under, or give to others any rights of termination, amendment, acceleration or cancellation of, any material agreement, contract,
indenture mortgage, indebtedness or instrument to which the Company or any of its Subsidiaries is a party, or result in a violation
of any law, rule, regulation, order, judgment or decree, including United States federal and state securities laws and regulations
and the rules and regulations of the principal securities exchange or trading market on which the Common Stock is traded or listed
(the “Principal Market”), applicable to the Company or any of its Subsidiaries or by which any property or
asset of the Company or any of its Subsidiaries is bound or affected. Except as disclosed in Schedule 3(e), neither the
Company nor its Subsidiaries is in violation of any term of, or in default under, the Articles of Incorporation, any Certificate
of Designations, Preferences and Rights of any outstanding series of preferred stock of the Company or the Bylaws or their organizational
charter or bylaws, respectively, or any contract, agreement, mortgage, indebtedness, indenture, instrument, judgment, decree or
order or any statute, rule or regulation applicable to the Company or its Subsidiaries, except for possible conflicts, defaults,
terminations, amendments, accelerations, cancellations and violations that would not individually or in the aggregate have a Material
Adverse Effect. The business of the Company and its Subsidiaries, is not being conducted, and shall not be conducted, in violation
of any law, statute, ordinance, rule, order or regulation of any governmental authority or agency, regulatory or self-regulatory
agency, or court, except for possible violations the sanctions for which either individually or in the aggregate would not have
a Material Adverse Effect. Except as specifically contemplated by this Subscription Agreement and as required under the Securities
Act, the Company is not required to obtain any consent, authorization, permit or order of, or make any filing or registration
(except the filing of a registration statement) with, any court, governmental authority or agency, regulatory or self-regulatory
agency or other third party in order for it to execute, deliver or perform any of its obligations under, or contemplated by, the
Transaction Documents in accordance with the terms hereof or thereof. All consents, authorizations, permits, orders, filings and
registrations which the Company is required to obtain pursuant to the preceding sentence have been obtained or effected on or
prior to the date hereof and are in full force and effect as of the date hereof. Except as disclosed in Schedule 3(e), the Company
and its Subsidiaries are unaware of any facts or circumstances which might give rise to any of the foregoing. The Company is not,
and will not be, in violation of the listing requirements of the Principal Market as in effect on the date hereof and on each
of the Closing Dates and is not aware of any facts which would reasonably lead to delisting of the Common Stock by the Principal
Market in the foreseeable future.


 


f.SEC Documents; Financial Statements.
Upon effectiveness of a registration statement covering the Company’s Common Stock, the Company shall file all reports, schedules,
forms, statements and other documents required to be filed by it with the SEC pursuant to the reporting requirements of the Securities
and Exchange Act of 1934, as amended (“Exchange Act”) (all of the foregoing filed since the date hereof and
all exhibits included therein and financial statements and schedules thereto and documents incorporated by reference therein being
hereinafter referred to as the “SEC Documents”).


 


g. Absence
of Certain Changes. Except as disclosed in Schedule 3.g there has been no change or development in the business, properties,
assets, operations, financial condition, results of operations or prospects of the Company or its Subsidiaries which has had or
reasonably could have a Material Adverse Effect. The Company has not taken any steps, and does not currently expect to take any
steps, to seek protection pursuant to any bankruptcy law nor does the Company or its Subsidiaries have any knowledge or reason
to believe that its creditors intend to initiate involuntary bankruptcy proceedings.


 


h.Absence of Litigation. There
is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory
organization or body pending or, to the knowledge of the executive officers of Company or any of its Subsidiaries, threatened against
or affecting the Company, the Common Stock or any of the Company's Subsidiaries or any of the Company's or the Company's Subsidiaries'
officers or directors in their capacities as such, in which an adverse decision could have a Material Adverse Effect.



    	7



    	 



    




 


i. Acknowledgment
Regarding the Purchase of Debentures. The Company acknowledges and agrees that the Holder is acting solely in the
capacity of an arm's-length investor with respect to the Transaction Documents and the transactions contemplated hereby and
thereby. The Company further acknowledges that the Holder is not acting as a financial advisor or fiduciary of the Company
(or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated hereby and thereby
and any advice given by the Holder or any of its respective representatives or agents in connection with the Transaction
Documents and the transactions contemplated hereby and thereby is merely incidental to the Holder's purchase of the
Debentures. The Company further represents to the Holder that the Company's decision to enter into the Transaction Documents
has been based solely on the independent evaluation by the Company and its representatives.


 


j. Employee
Relations. Neither the Company nor any of its Subsidiaries is involved in any union labor dispute nor, to the knowledge of
the Company or any of its Subsidiaries, is any such dispute threatened. Neither the Company nor any of its Subsidiaries is a party
to a collective bargaining agreement, and the Company and its Subsidiaries believe that relations with their employees are good.
No executive officer (as defined in Rule 501(f) under the Securities Act) has notified the Company that such officer intends to
leave the Company's employ or otherwise terminate such officer's employment with the Company.


 


k. Intellectual
Property Rights. All patents, patent applications, trademark registrations and applications for trademark
registration held by the Company are owned free and clear of all mortgages, liens, charges or encumbrances whatsoever. No
licenses have been granted with respect to these items and the Company and its Subsidiaries do not have any knowledge of any
infringement by the Company or its Subsidiaries of trademark, trade name rights, patents, patent rights, copyrights,
inventions, licenses, service names, service marks, service mark registrations, trade secret or other similar rights of
others, and, except as set forth on Schedule 3.k., there is no claim, action or proceeding being made or brought
against, or to the Company's knowledge, being threatened against, the Company or its Subsidiaries regarding trademark, trade
name, patents, patent rights, invention, copyright, license, service names, service marks, service mark registrations, trade
secret or other infringement; and the Company and its Subsidiaries are unaware of any facts or circumstances which might give
rise to any of the foregoing. The Company and its Subsidiaries have taken reasonable security measures to protect the
secrecy, confidentiality and value of all of their intellectual property.


 


l.Environmental Laws. The Company
and its Subsidiaries (i) are in compliance with any and all applicable foreign, federal, state and local laws and regulations relating
to the protection of human health and safety, the environment or hazardous or toxic substances or wastes, pollutants or contaminants
(“Environmental Laws”), (ii) have received all permits, licenses or other approvals required of them under applicable
Environmental Laws to conduct their respective businesses, and (iii) are in compliance with all terms and conditions of any such
permit, license or approval where, in each of the three foregoing cases, the failure to so comply would have, individually or in
the aggregate, a Material Adverse Effect.


 


m. Title. The Company and its Subsidiaries
have good and marketable title in fee simple to all real property and good and marketable title to all personal property owned
by them which is material to the business of the Company and its Subsidiaries, in each case free and clear of all liens, encumbrances
and defects except such as are described in Schedule 3.n. or such as do not materially affect the value of such property
and do not interfere with the use made and proposed to be made of such property by the Company or any of its Subsidiaries. Any
real property and facilities held under lease by the Company or any of its Subsidiaries are held by them under valid, subsisting
and enforceable leases with such exceptions as are not material and do not interfere with the use made and proposed to be made
of such property and buildings by the Company and its Subsidiaries.



    	8



    	 



    




 


n. Insurance.
The Company and each of its Subsidiaries are insured by insurers of recognized financial responsibility against such losses
and risks and in such amounts as management of the Company believes to be prudent and customary in the businesses in which
the Company and its Subsidiaries are engaged. Neither the Company nor any such Subsidiary has been refused any insurance
coverage sought or applied for and neither the Company nor any such Subsidiary has any reason to believe that it will not be
able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar
insurers as may be necessary to continue its business at a cost that would not have a Material Adverse Effect.


 


o. Regulatory Permits. The Company
and its Subsidiaries have in full force and effect all certificates, approvals, authorizations and permits from the appropriate
federal, state, local or foreign regulatory authorities and comparable foreign regulatory agencies, necessary to own, lease or
operate their respective properties and assets and conduct their respective businesses, and neither the Company nor any such Subsidiary
has received any notice of proceedings relating to the revocation or modification of any such certificate, approval, authorization
or permit, except for such certificates, approvals, authorizations or permits which if not obtained, or such revocations or modifications
which, would not have a Material Adverse Effect.


 


p. Internal
Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls
sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management's general or
specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in
conformity with generally accepted accounting principles and to maintain asset accountability, (iii) access to assets is
permitted only in accordance with management's general or specific authorization, and (iv) the recorded accountability for
assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any
differences.


 


q. No Materially Adverse Contracts.
Neither the Company nor any of its Subsidiaries is subject to any charter, corporate or other legal restriction, or any judgment,
decree, order, rule or regulation which in the judgment of the Company's officers has or is expected in the future to have a Material
Adverse Effect. Neither the Company nor any of its Subsidiaries is a party to any contract or agreement which in the judgment
of the Company's officers has or is expected to have a Material Adverse Effect.


 


r.Tax Status. The Company has
filed all applicable federal and state income tax, payroll tax, and sales tax returns, as required and the Company and each of
its Subsidiaries has made or filed all United States federal and state income and all other tax returns, reports and declarations
required by any jurisdiction to which it is subject. The Company represents that there are no unpaid taxes in any material amount
claimed to be due by the taxing authority of any jurisdiction, and the officers of the Company know of no basis for any such claim.


 


s.Certain Transactions. Except
for arm's-length transactions pursuant to which the Company makes payments in the ordinary course of business upon terms no less
favorable than the Company could obtain from third parties and other than the grant of stock options disclosed on Schedule 3.c.
none of the officers, directors, or employees of the Company is presently a party to any transaction with the Company or any of
its Subsidiaries (other than for services as employees, officers and directors), including any contract, agreement or other arrangement
providing for the furnishing of services to or by, providing for rental of real or personal property to or from, or otherwise requiring
payments to or from any officer, director or such employee or, to the knowledge of the Company, any corporation, partnership, trust
or other entity in which any officer, director, or any such employee has a substantial interest or is an officer, director, trustee
or partner.


 



    	9



    	 



    




t.Dilutive Effect. The Company
understands and acknowledges that the number of shares of Common Stock issuable upon conversion of the Debentures purchased pursuant
to this Subscription Agreement will increase the issued and outstanding shares of Common Stock in the Company. The Company’s
executive officers and directors have studied and fully understand the nature of the transactions contemplated by this Subscription
Agreement and recognize that they have a potential dilutive effect. The board of directors of the Company has concluded, in its
good faith business judgment that such issuance is in the best interests of the Company. The Company specifically acknowledges,
subject to such limitations as are expressly set forth in the Transaction Documents, its obligation to issue shares of Common Stock
upon conversion of the Debentures.


 


u. Additional
Financings. The Company shall not, directly nor indirectly, without the prior written consent of the Holder, offer, sell,
grant any option to purchase, or otherwise dispose of (or announce any offer, sale, grant or any option to purchase or other
disposition) any of its Common Stock or any derivative securities convertible into Common Stock, or file any registration
statement, including those on Form S-8, for any securities, until the sooner of; (i) the date on which the full Face Amount
and penalties, if any, on the Debentures have been paid, or (ii) two years following the Closing Date. Notwithstanding this
section, the Company may conduct additional financings upon written consent of the Holder.


 


If there is any outstanding
balance on the Debentures, the Holder shall retain a first right of refusal for any additional financings. The Company must submit
to the Holder a duly authorized term sheet of the financing and the Holder may elect, in writing within five (5) business days,
to exercise its right to finance the Company upon the same terms and conditions, as set forth in the Debenture. In the event the
Holder does not elect to complete such financing within such period, the Company may proceed with the proposed third-party financing
on the same terms and conditions as contained in the notice to Holder.


 


v. Code of Ethics.
The Company has adopted a Code of Ethics and will file the Code with the SEC, if required.


 


w. No Disagreements
with Accountants, Auditors and Lawyers. There are no disagreements of any kind presently existing, or reasonably anticipated
by the Company to arise, between the Company and the accountants, auditors and lawyers formerly or presently used by the Company,
including but not limited to disputes or conflicts over payment owed to such accountants, auditors or lawyers.


 


x. Investment Company.
Neither the Company nor any Affiliate is an “investment company” within the meaning of the Investment Company Act of
1940, as amended.


 


y. Company Predecessor.
All representations made by or relating to the Company of a historical nature and all undertaking described herein shall relate
and refer to the Company, its predecessors, and the Subsidiaries.


 


z. Option Plan Restrictions.
The only officer, director, employee and consultant stock option or stock incentive plan currently in effect or contemplated by
the Company has been submitted to the Holder. No other plan will be adopted nor may any options or equity not included in such
plan be issued until after the Debenture is paid in full.


 


 4. Covenants Of The Company.




 


a. Best
Efforts. The Company shall use its best efforts timely to satisfy each of the conditions to be satisfied by it as provided
in this Subscription Agreement.


 


b. Blue Sky.
The Company shall, at its sole cost and expense, make all filings and reports relating to the offer and sale of the Debentures
and the Common Stock underlying the Debentures as required under the applicable securities or “Blue Sky” laws of such
states of the United States as specified by the Holder or as required by law.


 


c. Reporting Status. Until the
earlier of (i) the date that the Holder may sell all of the Common Stock underlying the Debentures acquired pursuant to this Subscription
Agreement without restriction pursuant to Rule 144(k) under the Securities Act, or (ii) the date on which the Holder shall have
sold all the Common Stock underlying the Debentures, the Company shall file all reports required to be filed with the SEC pursuant
to the Exchange Act, and the Company shall not terminate its status as a reporting company under the Exchange Act.



    	10



    	 



    




 


d.Use of Proceeds. The Company
shall apply proceeds from the Offering (“Proceeds”), of no less than two hundred and twenty-five thousand dollars ($220,000),
to pay for expenses related to servicing and maintaining its publicly-traded status. Such expenses shall include, but are not limited
for, (i) qualified securities legal counsel, (ii) a Public Company Accounting Oversight Board (“PCAOB”) registered
auditor, (iii) stock transfer agent, (iv) press release distribution, (v) investor relations, (vi) Depository Trust and Transfer
Corporation, (vii) Edgar/XBRL filings. Prior to Closing, the Company shall also retain a qualified chief financial officer. The
balance of the Proceeds shall be used for the Company’s operations and general corporate purposes. Any other use of Proceeds
contemplated herein, shall be considered a breach of contract and an Event of Default.


 


e.Conditions to Closing. The
Company shall execute and remain in compliance with the Transaction Documents with the Holder.


 


f.Financial Information. The
Company shall make available to Holder, its most recent financial statements and related information, and must complete an SEC
compliant financial audit performed by a PCAOB registered auditor, by the Closing Date.


 


g.Reservation of Common Stock.
Subject to the following sentence, the Company shall take all action necessary to at all times have authorized, and reserved for
the purpose of issuance, a sufficient number of shares of Common Stock to provide for the issuance of the Common Stock underlying
the Debentures. In the event that the Company determines that it does not have a sufficient number of authorized shares of Common
Stock to reserve and keep available for issuance, the Company shall use its best efforts to increase the number of authorized shares
of Common Stock by seeking shareholder approval for the authorization of such additional shares. 


 


h.Listing.
The Company shall maintain the Common Stock's authorization for quotation on the Principal Market, unless the Holder and the Company
agree otherwise. Neither the Company nor any of its Subsidiaries shall take any action which would be reasonably expected to result
in the delisting or suspension of the Common Stock on the Principal Market (excluding suspensions of not more than one trading
day resulting from business announcements by the Company). The Company shall promptly provide to the Holder copies of any notices
it receives from the Principal Market regarding the continued eligibility of the Common Stock for listing on such automated quotation
system or securities exchange. The Company shall pay all fees and expenses in connection with satisfying its obligations under
this Section.


 


i. Corporate Existence. The
Company shall use its commercially reasonable best efforts to preserve and continue the corporate existence of the
Company.


 


j.Notice of Certain Events Affecting
Registration. The Company shall promptly notify Holder upon the occurrence of any of the following events in respect of a registration
statement or related prospectus covering the Common Stock underlying the Debentures: (i) receipt of any request for additional
information by the SEC or any other federal or state governmental authority during the period of effectiveness of the registration
statement for amendments or supplements to the registration statement or related prospectus; (ii) the issuance by the SEC or any
other federal or state governmental authority of any stop order suspending the effectiveness of any registration statement or the
initiation of any proceedings for that purpose; (iii) receipt of any notification with respect to the suspension of the qualification
or exemption from qualification of any of the Common Stock underlying the Debentures for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose; (iv) the happening of any event that makes any statement made in such registration
statement or related prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material
respect or that requires the making of any changes in the registration statement, related prospectus or documents so that, in the
case of a registration statement, it will not contain any untrue statement of a material fact or omit to state any material fact
required to be stated therein or necessary to make the statements therein not misleading, and that in the case of the related prospectus,
it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or
necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; and (v)
the Company's reasonable determination that a post-effective amendment to the registration statement would be appropriate, and
the Company shall promptly make available to the Holder any such supplement or amendment to the related prospectus.






    	11



    	 



    




k.Indemnification. In consideration
of the Holder’s execution and delivery of this Agreement and the Debenture Registration Rights Agreement and acquiring the
Debentures hereunder and in addition to all of the Company's other obligations under the Transaction Documents, the Company shall
defend, protect, indemnify and hold harmless the Holder and all of its shareholders, officers, directors, employees and direct
or indirect investors and any of the foregoing person's agents or other representatives (including, without limitation, those retained
in connection with the transactions contemplated by this Agreement) (collectively, the “Indemnitees”) from and
against any and all actions, causes of action, suits, claims, losses, costs, penalties, fees, liabilities and damages, and expenses
in connection therewith (irrespective of whether any such Indemnitee is a party to the action for which indemnification hereunder
is sought), and including reasonable attorneys' fees and disbursements (the “Indemnified Liabilities”), incurred
by any Indemnitee as a result of, or arising out of, or relating to (i) any misrepresentation or breach of any representation or
warranty made by the Company in the Transaction Documents or any other certificate, instrument or document contemplated hereby
or thereby, (ii) any breach of any covenant, agreement or obligation of the Company contained in the Transaction Documents or any
other certificate, instrument or document contemplated hereby or thereby, (iii) any cause of action, suit or claim brought or made
against such Indemnitee by a third party and arising out of or resulting from the execution, delivery, performance or enforcement
of the Transaction Documents or any other certificate, instrument or document contemplated hereby or thereby, (iv) any transaction
financed or to be financed in whole or in part, directly or indirectly, with the proceeds of the issuance of the Debentures, (v)
the status of the Holder as an investor in the Company, except, in the case of any of such clauses, insofar as any such Indemnified
Liability was attributable to gross negligence, willful misconduct or any illegal activity on the part of Holder and, in the case
of clause, (v) only, insofar as any such Indemnified Liability was attributable to an untrue statement, alleged untrue statement,
omission or alleged omission made in reliance upon and in conformity with written information furnished to the Company by the Holder
which is specifically intended by the Holder for use in the preparation of any Registration Statement, preliminary prospectus or
prospectus. To the extent that the foregoing undertaking by the Company may be unenforceable for any reason, the Company shall
make the maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities which is permissible under
applicable law. The indemnity provisions contained herein shall be in addition to any cause of action or similar rights the Holder
may have, and any liabilities to which the Holder may be subject. The Company shall have the right to control the defense of any
such claim and the Holder shall not consent to any settlement of any such claim without the prior written consent of the Company
(which shall not be unreasonably withheld or delayed). The Holder shall provide indemnification comparable in scope and coverage
to the Company and corresponding related persons in respect of any Indemnified Liability if and to the extent attributable to gross
negligence, willful misconduct or any illegal activity on the part of the Holder, and shall be obligated to reimburse the Company
and such persons to the same extent as the Company’s reimbursement obligations under Section 4.m. hereof.


 


l.Reimbursement. If (i) the
Holder, other than by reason of its gross negligence or willful misconduct, becomes involved in any capacity in any action, proceeding
or investigation brought by any shareholder of the Company, in connection with or as a result of the consummation of the transactions
contemplated by the Transaction Documents, or if the Holder is impleaded in any such action, proceeding or investigation by any
person, or (ii) the Holder, other than by reason of its gross negligence or willful misconduct or by reason of its trading of the
Common Stock in a manner that is illegal under the federal securities laws, becomes involved in any capacity in any action, proceeding
or investigation brought by the SEC against or involving the Company or in connection with or as a result of the consummation of
the transactions contemplated by the Transaction Documents, or if the Holder is impleaded in any such action, proceeding or investigation
by any person, then in any such case, the Company will reimburse the Holder for its reasonable legal and other expenses (including
the cost of any investigation and preparation) incurred in connection therewith, as such expenses are incurred. In addition, other
than with respect to any matter in which the Holder is a named party, the Company will pay to the Holder the charges, as reasonably
determined by the Holder, for the time of any officers or employees of the Holder devoted to appearing and preparing to appear
as witnesses, assisting in preparation for hearings, trials or pretrial matters, or otherwise with respect to inquiries, hearing,
trials, and other proceedings relating to the subject matter of this Subscription Agreement. The reimbursement obligations of the
Company under this Section shall be in addition to any liability which the Company may otherwise have, shall extend upon the same
terms and conditions to any affiliates of Holder that are actually named in such action, proceeding or investigation, and partners,
directors, agents, employees, attorneys, accountants, auditors and controlling persons (if any), as the case may be, of Holder
and any such affiliate, and shall be binding upon and inure to the benefit of any successors of the Company, Holder and any such
affiliate and any such person.



    	12



    	 



    




 


m. Transfer Agent. Upon choosing
a transfer agent, the Company covenants and agrees that, in the event that the Company's agency relationship with the transfer
agent should be terminated for any reason prior to the Maturity Date (as defined in the Form of Debenture), and the Company shall
immediately appoint a new transfer agent. The Company shall be current with all payments to the transfer agent.


 


5.144 Opinion Letter





 


If so requested by the
Holder, the Company shall instruct legal counsel to write a Rule 144 opinion letter, provided the necessary paperwork has been
submitted and the Exemption applies (as defined herein).


 


6.Delivery Instructions; Fees.


 


The Securities being purchased
hereunder shall be delivered to the Holder on the Closing Date at which time funds will be wired to the Company and the Debentures
will be delivered to the Holder, per the Holder’s instructions.


 


7.Understandings.


 


The Holder understands,
acknowledges and agrees as follows:


 


a.No U.S. federal or state agency or
any agency of any other jurisdiction has made any finding or determination as to the fairness of the terms of the Offering for
investment nor any recommendation or endorsement of the Securities or the Company.


 


b.The representations, warranties and
agreements of the Holder and the Company contained herein shall be true and correct in all material respects on and as of the date
of the sale of the Securities as if made on and as of such date and shall survive the execution and delivery of this Subscription
Agreement and the purchase of the Securities.


 


c.In making an investment decision,
the Holder is relying on its own examination of the Company and the terms of the Offering, including the merits and risks involved.
The Common Stock shares 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.


 


d.The Offering is intended to be exempt
from registration by virtue of Section 4(a)(2) of the Securities Act and the provisions of Regulation D thereunder, which is in
part dependent upon the truth, completeness and accuracy of the statements made by the undersigned herein and in the Questionnaire.


 


e.It is understood that in order not
to jeopardize the Offering’s exempt status under Section 4(a)(2) of the Securities Act and Regulation D, the Holder may,
at a minimum, be required to fulfill the investor suitability requirements thereunder.


 


f.The shares may not be resold except
as permitted under the securities act and applicable state securities laws, pursuant to registration or exemption therefrom. Holder
should be aware that they will be required to bear the financial risks of this investment for an indefinite period of time.


 


g.THE COMPANY’S SECURITIES,
INCLUDING ITS COMMON STOCK, ARE ILLIQUID. THERE IS CURRENTLY NO MARKET FOR THE COMPANY’S COMMON STOCK AND THERE CAN BE NO
ASSURANCE THAT A MARKET WILL EVER DEVELOP. AN INVESTMENT IN THE COMPANY INVOLVES SUBSTANTIAL RISK. 


 



    	13



    	 



    




 


 8. Disputes Subject To Arbitration Governed By Massachusetts Law.




 


a. All disputes arising under this
Subscription Agreement shall be governed by and interpreted in accordance with the laws of the Commonwealth of Massachusetts, without
regard to principles of conflict of laws. The parties to this Subscription Agreement shall submit all disputes arising under this
Subscription Agreement to arbitration in Boston, Massachusetts before a single arbitrator of the American Arbitration Association
(the “AAA”). The arbitrator shall be selected by application of the rules of the AAA, or by mutual agreement
of the parties, except that such arbitrator shall be an attorney admitted to practice law in the Commonwealth of Massachusetts.
No party to this Subscription Agreement shall challenge the jurisdiction or venue provisions as provided in this Section 8.
Nothing in this Section 8 shall limit the Holder's right to seek and obtain an injunction for violation of the terms and
conditions of this Subscription Agreement.


 


9.Miscellaneous.


 


a.Any notices, consents, waivers or
other communications required or permitted to be given under the terms of this Subscription Agreement must be in writing and will
be deemed to have been delivered (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile (provided
a confirmation of transmission is mechanically or electronically generated and kept on file by the sending party); or (iii) one
(1) day after deposit with a nationally recognized overnight delivery service, in each case properly addressed to the party to
receive the same. The addresses and facsimile numbers for such communications shall be:


 


		If to the Company	Brazilian Interactive Media, Inc	 
	 	 		 
	 	 	Thompson Hine LLP	 
	 	 	Attn: Peter Gennuso	 
	 	 	335 Madison Avenue, 12th Floor	 
	 	 	New York, NY 10017	 








 


If
to the Holder: The address listed on the Questionnaire 


 


Each party shall provide
five (5) business days prior notice to the other party of any change in address, phone number or facsimile number.


 


b.All pronouns and any variations thereof
used herein shall be deemed to refer to the masculine, feminine, impersonal, singular or plural, as the identity of the person
or persons may require.


 


c.Neither this Subscription Agreement
nor any provision hereof shall be waived, modified, changed, discharged, terminated, revoked or canceled, except by an instrument
in writing signed by the party effecting the same against whom any change, discharge or termination is sought.


 


d.Notices required or permitted to
be given hereunder shall be in writing and shall be deemed to be sufficiently given when personally delivered or sent by facsimile
transmission: (i) if to the Company, at its executive offices, or (ii) if to the Holder, at the address for correspondence set
forth in the Questionnaire, or at such other address as may have been specified by written notice given in accordance with this
paragraph.


 


e.This Subscription Agreement shall
be enforced, governed and construed in all respects in accordance with the laws of the Commonwealth of Massachusetts, as such laws
are applied by Massachusetts courts to agreements entered into, and to be performed in, Massachusetts by and between residents
of Massachusetts, and shall be binding upon the undersigned, the undersigned's heirs, estate and legal representatives and shall
inure to the benefit of the Company and its successors. If any provision of this Subscription Agreement is invalid or unenforceable
under any applicable statue or rule of law, then such provisions shall be deemed inoperative to the extent that it may conflict
therewith and shall be deemed modified to conform with such statute or rule of law. Any provision hereof that may prove invalid
or unenforceable under any law shall not affect the validity or enforceability of any other provision hereof.



    	14



    	 



    




 


f.This Subscription Agreement shall
not be assignable.


 


g.This Subscription Agreement, together
with the Exhibits and the Schedules attached hereto and made a part of this Subscription Agreement by this reference, constitute
the entire agreement between the parties hereto with respect to the subject matter hereof and may be amended only by a writing
executed by both parties hereto.


 


h.This Subscription
Agreement may be executed in two or more counterparts, all of which taken together shall constitute one instrument. Execution and
delivery of this Subscription Agreement by exchange of facsimile copies bearing the facsimile signature of a party shall constitute
a valid and binding execution and delivery of this Subscription Agreement by such party. Such facsimile copies shall constitute
enforceable original documents.


 


i. When in this Agreement or the Transaction
Documents, reference is made to any party, such reference shall be deemed to include the successors, assigns, heirs and legal representatives
of such party. No party hereto may transfer any rights under this Agreement or the Transaction Documents, unless the transferee
agrees to be bound by, and comply with all of the terms and provision of this Agreement and the Transaction Documents, as if an
original signatory hereto on the date hereof.


 


j.The Company hereby represent and
warrants to the Holder that: (i) it has voluntarily entered into this Subscription Agreement of its own freewill, (ii) it is not
entering into this Subscription Agreement under economic duress, (iii) the terms of this Subscription Agreement are reasonable
and fair to the Company, and (iv) the Company has had independent legal counsel of its own choosing review this Subscription Agreement,
advise the Company with respect to this Subscription Agreement, and represent the Company in connection with its entering into
this Subscription Agreement.


 


k.Notwithstanding anything in this
Agreement to the contrary, the parties hereto hereby acknowledge and agree to the following: (i) the Holder makes no representations
or covenants that it will not engage in trading in the securities of the Company; (ii) the Company has not and shall not provide
material non-public information to the Holder unless prior thereto the Holder shall have executed a written agreement regarding
the confidentiality and use of such information; and (iii) the Company understands and confirms that the Holder will be relying
on the acknowledgements set forth in clauses (i) through (iii) above if the Holder effects any transactions in the securities of
the Company.


 


10.Waiver.


 


The Holder's delay or failure
at any time or times hereafter to require strict performance by Company of any undertakings, agreements or covenants shall not
waive, affect, or diminish any right of the Holder under this Agreement to demand strict compliance and performance herewith. Any
waiver by the Holder of any Event of Default shall not waive or affect any other Event of Default, whether such Event of Default
is prior or subsequent thereto and whether of the same or a different type. None of the undertakings, agreements and covenants
of the Company contained in this Agreement, and no Event of Default, shall be deemed to have been waived by the Holder, nor may
this Agreement be amended, changed or modified, unless such waiver, amendment, change or modification is evidenced by an instrument
in writing specifying such waiver, amendment, change or modification and signed by the Holder.


 



    	15



    	 



    




11.Governmental Changes.


 


In the event that any rules,
regulations, oral or written interpretations or Comments (as defined in the Registration Rights Agreement) from the SEC, FINRA,
NYSE, NASDAQ or other governing or regulatory body, prohibit or hinder any operation of this Subscription Agreement
or the other Transaction Documents, the parties hereto hereby agree that those specific terms and conditions shall be negotiated
in good faith on similar terms within five (5) business days, and shall not alter, diminish or affect any other rights, duties,
obligations or covenants in Transaction Documents and that all terms and conditions will remain in full force and effect except
as is necessary to make those specific terms and conditions comply with applicable rule, regulation, interpretation or Comment.
Failure for the Company to agree to on such new terms as necessary to achieve the intent of the original documents shall constitute
and Event of Default as outlined in Article 6 in the Debenture and accordingly the Holder may elect to take actions as outlined
in the Debenture and the other Transaction Documents.


 


12.No Oral Agreements.


 


This Subscription Agreement
and the other Transaction Documents represent the final definitive agreements between the Company and the Holder and may not be
contradicted by evidence of prior, contemporaneous, or subsequent oral agreements of the parties; there are no unwritten oral agreements
among the parties.


 


 


[BALANCE OF PAGE INTENTIONALLY
LEFT BLANK)


 



    	16



    	 



    




BRAZIL INTERACTIVE MEDIA , INC.


 


INVESTOR QUESTIONNAIRE


 


 


The information contained
in this Investor Questionnaire (this “Questionnaire”) is being furnished in order to determine whether the undersigned’s
subscription to purchase the Debentures described in the accompanying Subscription Agreement may be accepted.


 


ALL INFORMATION CONTAINED
IN THIS QUESTIONNAIRE WILL BE TREATED CONFIDENTIALLY. The undersigned understands, however, that the Company may present this Questionnaire
to such parties as it deems appropriate if called upon to establish that the proposed offer and sale of the securities is exempt
from registration under the Securities Act of 1933, as amended (the “Securities Act”). Further, the undersigned
understands that the offering is required to be reported to the United States Securities and Exchange Commission (the “SEC”
or the “Commission”), and to various state securities and “blue sky” regulators.


 


IN ADDITION TO SIGNING
THE SIGNATURE PAGE, IF REQUESTED BY BRAZIL INTERACTIVE MEDIA , INC., A DELAWARE CORPORATION (THE “COMPANY”),
THE UNDERSIGNED MUST COMPLETE FORM W-9.


 


 


I.PLEASE CHECK EACH OF THE STATEMENTS BELOW
THAT APPLIES.


 


	[_]		1.The undersigned: (a)
has total assets in excess of $5,000,000; (b) was not formed for the specific purpose of acquiring the securities; and (c) has
its principal place of business in ___________.



 


	[_]		2.The undersigned is
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
(excluding the value of the person’s primary residence).



 


	[_]		3.The undersigned is
a natural person who had an individual income* in excess of $200,000 in each of the two most recent years and who reasonably expects
an individual income in excess of $200,000 in the current year. Such income is solely that of the undersigned and excludes the
income of the undersigned’s spouse.



 


	[_]		4.The undersigned is
a natural person who, together with his or her spouse, has had a joint income* in excess of $300,000 in each of the two most recent
years and who reasonably expects a joint income in excess of $300,000 in the current year.



 


*For purposes of this Questionnaire, the
term “net worth” means the excess of total assets over total liabilities (not including the value of any equity
in my primary residence and subtracting the amount of any mortgage indebtedness exceeding the value of my primary residence)..
In determining “income”, an investor should add to his or her adjusted gross income any amounts attributable
to tax-exempt income received, losses claimed as a limited partner in any limited partnership, deductions claimed for depletion,
contributions to IRA or Keogh retirement plan, alimony payments and any amount by which income from long-term capital gains has
been reduced in arriving at adjusted gross income.


 



    	17



    	 



    




5.The undersigned is an entity that
is:


 


	[_]		(a)a bank as defined
in Section 3(a)(2) of the Securities Act; or



 


	[_]		(b)a savings and loan
association or other institution as defined in Section 3(a)(5)(A) of the Securities Act whether acting in its individual or fiduciary
capacity; or



 


	[_]		(c)a broker or dealer
registered pursuant to Section 15 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”);
or



 


	[_]		(d)an insurance company
as defined in Section 2(13) of the Securities Act; or



 


	[_]		(e)an investment company
registered under the Investment Company Act of 1940 (the “ICA”), as amended, or a business development company
as defined in Section 2(a)(48) of the ICA; or



 


	[_]		(f)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; or



 


	[_]		6.The undersigned is
an entity in which all of the equity owners are accredited investors.







    	18



    	 



    

 


		II.	HOLDER INFORMATION.



 


Name of Entity:  ________________




 






Person’s Name:  ___________________


 


  State of Organization/Residence:  _____________




 


  Address: _____________




 


  City, State, Zip Code:  ______________




 


  Taxpayer Identification Number: ______________




 


  Phone: ___________________




 


Email :  ___________________


 


Send Correspondence
to: Same as above






    	19



    	 



    

BRAZIL INTERACTIVE MEDIA , INC.


 


SIGNATURE PAGE


 


Your signature on this
Signature Page evidences your agreement to be bound by the accompanying Questionnaire and the Transaction Documents (as such term
is defined in the accompanying Subscription Agreement).


 


1.The undersigned hereby represents
that (a) the information contained in the Questionnaire is complete and accurate and (b) the undersigned will notify the Company
immediately if any material change in any of the information occurs prior to the acceptance of the undersigned’s subscription
and will promptly send the Company written confirmation of such change.


 


2.The undersigned signatory hereby
certifies that he/she has read and understands the Transaction Documents, including the Subscription Agreement and Questionnaire,
and the representations made by the undersigned in said documents are true and accurate.


 


 


__________________________________________


Amount of Debentures being purchased Date


 


 


 


Holder


 


 


By: _________________________ 


 


Name: _____________________


 


Title: _______________________


 


 


 


 


 


 


 


 


 






    	20



    	 



    

 


 


 


 


BRAZIL INTERACTIVE MEDIA , INC.


 


COMPANY ACCEPTANCE PAGE


 


 


This Subscription Agreement
accepted and agreed to this 24th day of April, 2014, by Brazil Interactive Media , Inc. and duly authorized to sign on behalf of
the Company.


 


Brazil
Interactive Media , Inc. 


 


 


By__________________


Name:Corey Hollister


Title: Chairman


 


 





 


 



    	21



    	 



    




 


 


LIST OF EXHIBITS


 


 


EXHIBIT ARegistration
Rights Agreement


EXHIBIT BNotice
of Conversion


EXHIBIT CForm
of Debenture


EXHIBIT DBoard
Resolution 


 


 


LIST OF SCHEDULES


 


Schedule 3.a Subsidiaries


Schedule 3.c. Capitalization


Schedule 3.e. Conflicts


Schedule 3.g. Material Changes


Schedule 3.h. Litigation


Schedule 3.l. Intellectual Property


Schedule 3.n. Liens


 


 


 


 


 



    	22



    	 



    




  


 


EXHIBIT A


 


REGISTRATION RIGHTS AGREEMENT







 


 


 


 





 


 


 


 


 



    	23



    	 



    




 


EXHIBIT B


 


NOTICE OF CONVERSION


 


TO: BRAZIL INTERACTIVE MEDIA , INC.


 


The undersigned hereby
irrevocably elects, as of ________________, to convert $________________ of its convertible debenture (the “Debenture”)
into Common Stock of Brazil Interactive Media , Inc. (the “Company”) according to the conditions set forth in
the Debenture issued by the Company.


 


Date of Conversion: ________________________________________________


 


 


Applicable Conversion Price: ________________________________________


 


 


Number of Shares Issuable upon this Conversion:
_______________________


 


 


Name(Print): ________________________________________________


 


Address: ________________________________________________


 


Phone:________________________________________________


 


 


 


HOLDER





 


By:____________________________________


Name:


 


**DO NOT SIGN UNTIL YOU ARE READY TO CONVERT**




EXHIBIT C


 


FORM OF DEBENTURE 




 


 


 


 


 


 


 


 


 


 



    	24



    	 



    




 


EXHIBIT D


 


BOARD RESOLUTION


 


 


 


 


 


 


 






    	25



    	 



    

 


SCHEDULE
3.a.


 


SUBSIDIARIES


 


 


	 	Name	 	State of Incorporation 	 	EIN	 
	 	 	 	 	 	 	 






 


 


 





 


 


 


 



    	26



    	 



    




 





 


SCHEDULE
3.c.


 


CAPITALIZATION


 


 


 


 


 


 


 



    	27



    	 



    




 


 


SCHEDULE
3.e.


 


CONFLICTS


 


 


 


 


 





 


 



    	28



    	 



    




 


 


SCHEDULE
3.g.


 


MATERIAL
CHANGES


 


 





 


 


 


 


 


 



    	29



    	 



    




 


 


SCHEDULE
3.h.


 


LITIGATION


 


 


 


 


 


 



    	30



    	 



    




 


 


 


SCHEDULE
3.l.


 


INTELLECTUAL
PROPERTY


 


 


 


 


 


 


 


 



    	31



    	 



    




 


 


SCHEDULE
3.n.


 


LIENS


 


 


 





 


 



    	32