Document:

EX 10.15

    
       

       

      EXHIBIT
        10.15

       

      EMPLOYMENT
        AGREEMENT

    

     

    AGREEMENT
      dated as of the 1st day of April, 2007 by and between Techprecision Corporation,
      a Delaware corporation with its principal office at Bella Drive, Westminster,
      Massachusetts 01473 (the “Company”),
      and Mary
      Desmond, residing at 124
      Lincoln Avenue, Winchendon MA 01475  (the
      “Executive”).

     

    W
      I T N E
      S S E T H:

     

    WHEREAS,
      the Company has engaged Executive as its chief financial officer and desires
      to
      continue to obtain the benefits of Executive’s knowledge, skill and ability in
      such capacity and to employ Executive on the terms and conditions hereinafter
      set forth; and

     

    WHEREAS,
      Executive desires to provide his services to the Company and to accept
      employment by the Company on the terms and conditions hereinafter set
      forth;

     

    NOW,
      THEREFORE, in consideration of the mutual promises set forth in this Agreement,
      the parties agree as follows:

     

    1.    Employment
      and Duties.

     

    (a)    Subject
      to the terms and conditions hereinafter set forth, the Company hereby employs
      Executive as its Chief Financial Officer, and she shall have the duties and
      responsibilities associated with the Chief Financial officer of a public
      corporation. During the Term, as hereinafter defined, Executive shall report
      to
      the Company’s Chief Executive Officer and the audit committee of the board of
      directors. Executive shall also perform such other duties and responsibilities
      as may be determined by the Company’s board of directors, audit committee or
      Chief Executive Officer, as long as such duties and responsibilities are
      consistent with those of the Company’s Chief Financial Officer. 

     

    (b)    Executive
      shall serve as a director of the Company
      and/or
      any of its subsidiaries, if elected, and in such executive capacity or
      capacities with respect to any affiliate of the Company to which he may be
      elected or appointed, provided that such duties are consistent with those of
      the
      Company’s Chief Financial Officer. During the Term, Executive shall receive no
      additional compensation for services rendered pursuant to this Section 1(b).
      For
      purposes of this Agreement, the term
      “affiliate” shall mean an entity that is controlled by the Company.

     

    (c)    Unless
      terminated earlier as provided in Section 5 of this Agreement, this Agreement
      shall have an initial term (the “Initial Term”) commencing as of the date of
      this Agreement and expiring on March 31, 2008, and continuing on a year-to-year
      basis thereafter unless terminated by either party on not less than ninety
      (90)
      days notice prior to the expiration of the Initial Term or any one-year
      extension. The Initial Term and the one-year extensions are collectively
      referred to as the “Term.”

     

    2.    Executive’s
      Performance.
      Executive hereby accepts the employment contemplated by this Agreement. During
      the Term, Executive shall devote substantially all of her business time to
      the
      performance of her duties under this Agreement, and shall perform such duties
      diligently, in good faith and in a manner consistent with the best interests
      of
      the Company.

     

    3.    Compensation
      and Other Benefits.

     

    (a)    (i)    For
      her
      services to the Company during the Term, the Company shall pay Executive an
      annual salary (“Salary”) at the rate of one hundred ten thousand dollars
      ($110,000).
      All

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    Salary
      payments shall be payable in such installments as the Company regularly pays
      its
      executive officers, but not less frequently than semi-monthly.

     

    (ii)    Executive’s
      base salary as set forth in Paragraph 3(a)(i) above may be increased at the
      discretion of the compensation committee of the Board of Directors.

     

    (b)    Executive
      shall be eligible for bonus compensation and stock options or other equity-based
      incentives at the discretion of the compensation committee of the Board of
      Directors.

     

    (c)    Executive
      shall receive the following benefits during the Term:

     

    (i)    Major
      medical health and dental insurance for Executive and members of her immediate
      family
      at the
      sole discretion of the Executive. Executive may elect not to accept such
      insurance benefits at this point but reserves the right to accept such benefits
      in the future at Executive’s sole discretion.

     

    (ii)    Vacation
      in accordance with Company policy
      which
      shall provide for not less than four (4) weeks per year.

     

    (iii)    Eligibility
      to participate in the Company’s 401(k) plan.

     

    (d)    In
      the
      event of a termination of Executive’s employment as a result of her death or
      Disability, as hereinafter defined, the Company shall continue to pay to
      Executive or her beneficiary, her Salary at the annual rate in effect at the
      date of death or termination resulting from a Disability, until the earlier
      of
      (i) six (6) months from the date of death or such termination or (ii) the
      expiration of the Term. 

     

    (e)    As
      used
      in this Agreement, the term “Cash Compensation” shall include Salary, any bonus
      awarded Executive. One month’s Cash Compensation shall mean one twelfth (1/12)
      of the sum of (i) the annual Salary, (ii) the bonus, if any, for previous year,
      including the amount treated as compensation for Executive for stock options
      or
      other equity-based incentives, to the extent that such amount is reflected
      as
      current compensation in the Summary Compensation Table in the Company’s filings
      with the Securities and Exchange Commission. 

     

    4.    Reimbursement
      of Expenses.
      The
      Company shall reimburse Executive, upon presentation of proper expense
      statements, for all authorized, ordinary and necessary out-of-pocket expenses
      reasonably incurred by Executive during the Term in connection with the
      performance of her services pursuant to this Agreement hereunder in accordance
      with the Company’s expense reimbursement policy.

     

    5.    Termination
      of Employment.

     

    (a)    This
      Agreement and Executive’s employment hereunder shall terminate immediately upon
      the death of Executive.

     

    (b)    This
      Agreement and Executive’s employment pursuant to this Agreement, may be
      terminated by Executive or the Company on not less than thirty (30) days’
written notice in the event of Executive’s Disability. The term “Disability”
shall mean any illness, disability or incapacity of Executive which prevents
      her
      from substantially performing her regular duties for a period of three (3)
      consecutive months or four (4) months, even though not consecutive, in any
      twelve (12) month period. However, if Executive is covered by long-term
      disability insurance, the Company may not terminate this

     

    
      
         

      

      
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    Agreement
      pursuant to this Section 5(b) unless Executive is eligible for disability
      payments under her long-term disability insurance.

     

    (c)    The
      Company may terminate this Agreement and Executive’s employment pursuant to this
      Agreement for cause, in which event no further Cash Compensation shall be
      payable to Executive subsequent to the date of such termination. The term
“cause” shall mean:

     

    (i)    Repeated
      failure to perform material instructions from the Company’s board of directors
      or executive committee, provided that such instructions are reasonable and
      consistent with Executive’s duties as set forth in Section 1 of this Agreement
      or any other failure or refusal by Executive to perform her duties required
      by
      said Section 1; provided, however, that Executive shall have received notice
      from the Board specifying the nature of such failure in reasonable detail and
      Executive shall have failed to cure the failure within ten (10) business days
      after receipt of such notice;

     

    (ii)    a
      breach
      of Section 6, 7 or 8 of this Agreement;

     

    (iii)    a
      breach
      of trust whereby Executive obtains personal gain or benefit at the expense
      of or
      to the detriment of the Company;

     

    (iv)    Executive’s
      use of illegal substances;

     

    (v)    Executive’s
      abuse of alcohol continuing after written notice from the board of directors
      or
      executive committee;

     

    (vi)    any
      fraudulent or dishonest conduct by Executive or any other conduct by Executive
      which damages the Company or any of its affiliates or their property, business
      or reputation;

     

    (vii)    a
      conviction of or plea of nolo contendere by Executive of (A) any felony or
      (B)
      any other crime involving fraud, theft, embezzlement or use or possession of
      illegal substances; or

     

    (viii)    the
      admission by Executive of any matters set forth in Section 5(c)(vii) of this
      Agreement.

     

    (d)    Executive’s
      resignation prior to the expiration of the Term, other than for Good Reason,
      as
      hereinafter defined, shall be treated in the same manner as a termination for
      cause.

     

    (e)    In
      the
      event that the Company terminates Executive’s employment other than as provided
      in Sections 5(a), (b), (c) or (g) of this Agreement:

     

    (i)    The
      Company shall pay to Executive as severance payments, within thirty (30) days
      of
      the termination of Executive’s employment, (A) her Salary at the rate in effect
      on the date of termination for the balance of the Term, and (B) an amount equal
      to any cash bonus paid to Executive for the previous year.

     

    (ii)    If,
      at
      the time of termination, the Executive is covered by the major medical and
      dental insurance provided in Section 3(b)(i), the Company shall continue such
      coverage until the earlier of (A) the date the Term would have expired if this
      Agreement had not been terminated pursuant to this Section 5(e), or (B) the
      date
      Executive has insurance coverage provided by another employer.

     

    
      
         

      

      
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    (iii)    Any
      options or other equity-based incentives held by Executive on the date of such
      termination which shall not have vested on such date shall become fully
      vested.

     

    (iv)    The
      provisions of Section 7(a) of this Agreement shall terminate.

     

    (f)    The
      term
“Good Reason” shall mean:

     

    (i)    Any
      material breach by the Company of its obligations under this Agreement which
      are
      not cured within ten (10) business days after notice from Executive which sets
      forth in reasonable detail the nature of the breach.

     

    (ii)    Any
      change in Executive’s duties such that Executive is no longer the Company’s
      Chief Financial Officer,
      unless
      such change was made with her consent.

     

    (iii)    Any
      action on the part of the Company which impairs Executive’s ability to exercise
      her duties as the Company’s Chief Financial Officer.

     

    (g)    The
      following provisions shall apply in the event that a change of control, as
      hereinafter defined, shall occur.

     

    (i)    In
      the
      event that, following a change of control, Executive is dismissed other than
      pursuant to Sections 5(a), (b) or (c) of this Agreement, the Company shall
      pay
      Executive severance pay in an amount (determined at the rate in effect on the
      date of dismissal or resignation) equal to the sum of twelve (12) months’ Cash
      Compensation, which shall be paid to Executive on the date of the termination
      of
      her employment.

     

    (ii)    A
      change
      of control shall occur or be deemed to have occurred if (A) any “person” (as
      such term is used in Sections 13(d) and 14(d)(2) of the Securities Exchange
      Act
      of 1934, as amended) is or becomes the beneficial owner, directly or indirectly,
      of securities of the Company representing forty percent (40%) or more of the
      combined voting power of the Company’s then outstanding securities.
      Notwithstanding the foregoing, a change of control shall not result from the
      issuance of stock upon conversion of the Company’s series A convertible
      preferred stock or upon the exercise or conversion of the warrants issued in
      the
      Company’s February 2006 private placement.

     

    (h)    In
      the
      event of any termination of Executive’s employment, including termination for
      cause, Executive shall be entitled to all rights under the Company’s benefit
      plans which had vested as of the date of termination of her
      employment.

     

    6.    Trade
      Secrets and Proprietary Information.
      Executive recognizes and acknowledges that the Company, through the expenditure
      of considerable time and money, has developed and will continue to develop
      in
      the future information concerning customers, clients, marketing, products,
      services, business, research and development activities and operational methods
      of the Company and its customers or clients, contracts, financial or other
      data,
      technical data or any other confidential or proprietary information possessed,
      owned or used by the Company, the disclosure of which could or does have a
      material adverse effect on the Company, its business, any business it proposes
      to engage in, its operations, financial condition or prospects and that the
      same
      are confidential and proprietary and considered “confidential information” of
      the Company for the purposes of this Agreement. In consideration of her
      employment and engagement as a consultant, Executive agrees that she will not,
      during or after the Term, without the consent of the Company’s Chief Executive
      Officer, make any disclosure of confidential information
      now or hereafter possessed by the Company, to any person, partnership,
      corporation or entity either during or after the term here of, except that
      nothing in this

     

    
      
         

      

      
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    Agreement
      shall be construed to prohibit Executive from using or disclosing such
      information (a) if such disclosure is necessary in the normal course of the
      Company’s business in accordance with Company policies or instructions or
      authorization from the board of directors or executive committee, (b) such
      information shall become public knowledge other than by or as a result of
      disclosure by a person not having a right to make such disclosure, (c) complying
      with legal process; provided, that in the event Executive is required to make
      disclosure pursuant to legal process, Executive shall give the Company prompt
      notice thereof and the opportunity to object to the disclosure, or (d)
      subsequent to the Term, if such information shall have either (i) been developed
      by Executive independent of any of the Company’s confidential or proprietary
      information or (ii) been disclosed to Executive by a person not subject to
      a
      confidentiality agreement with or other obligation of confidentiality to the
      Company. For the purposes of Sections 6, 7 and 8 of this Agreement, the term
      “Company” shall include the Company, its parent, its subsidiaries and its
      affiliates.

     

    7.    Covenant
      Not To Solicit or Compete.

     

    (a)    During
      the period from the date of this Agreement until one (1) year following the
      date
      on which Executive’s employment is terminated, Executive will not, directly or
      indirectly:

     

    (i)    Persuade
      or attempt to persuade any person or entity which is or was a customer, client
      or supplier of the Company to cease doing business with the Company,
      or to
      reduce
      the amount of business it does with the Company (the terms “customer” and
“client” as used in this Section 7 to include any potential customer or client
      to whom the Company submitted bids or proposals, or with whom the Company
      conducted negotiations, during the term of Executive’s employment hereunder or
      during the twelve (12) months preceding the termination of her
      employment);

     

    (ii)    solicit
      for herself or any other person or entity other than the Company the business
      of
      any person or entity which is a customer or client of the Company, or was a
      customer or client of the Company within one (1) year prior to the termination
      of her employment; or

     

    (iii)    persuade
      or attempt to persuade any employee of the Company, or any individual who was
      an
      employee of the Company during the one (1) year period prior to the lawful
      and
      proper termination of this Agreement, to leave the Company’s employ, or to
      become employed by any person or entity other than the Company.

     

    (b)    Executive
      acknowledges that the restrictive covenants (the “Restrictive Covenants”)
      contained in Sections 6 and 7 of this Agreement are a condition of her
      employment are reasonable and valid in geographical and temporal scope and
      in
      all other respects. If any court determines that any of the Restrictive
      Covenants, or any part of any of the Restrictive Covenants, is invalid or
      unenforceable, the remainder of the Restrictive Covenants and parts thereof
      shall not thereby be affected and shall remain in full force and effect, without
      regard to the invalid portion. If any court determines that any of the
      Restrictive Covenants, or any part thereof, is invalid or unenforceable because
      of the geographic or temporal scope of such provision, such court shall have
      the
      power to reduce the geographic or temporal scope of such provision, as the
      case
      may be, and, in its reduced form, such provision shall then be
      enforceable.

     

    8.    Inventions
      and Discoveries.
      Executive agrees promptly to disclose in writing to the Company any invention or
      discovery made by her during the period of time that this Agreement remains
      in
      full force and effect, whether during or after working hours, in any business
      in
      which the Company is then engaged or which otherwise relates to any product
      or
      service dealt in by the Company and such inventions and discoveries shall be
      the
      Company’s sole property. Executive acknowledges that any such invention or
      discovery developed by her and any intellectual property rights relating thereto
      shall be

     

    
      
         

      

      
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    considered
      as “work performed for hire.” In the event that any such intellectual property
      rights are not, for any reason, deemed work performed for hire, Executive hereby
      assigns to the Company any and all of her right, title and interest therein
      to
      the Company. Upon the Company’s request, Executive shall execute and assign to
      the Company all applications for copyrights and letters patent of the United
      States and such foreign countries as the Company may designate, and Executive
      shall execute and deliver to the Company such other instruments as the Company
      deems necessary to confirm the Company’s sole ownership of all rights, title and
      interest in and to such inventions and discoveries, as well as all copyrights
      and/or patents. If services in connection with applications for copyrights
      and/or patents are performed by Executive at the Company’s request after the
      termination of her employment hereunder, the Company shall pay her reasonable
      compensation for such services rendered after termination of this
      Agreement.

     

    9.    Injunctive
      Relief.
      Executive agrees that her violation or threatened violation of any of the
      provisions of Sections 6, 7 or 8 of this Agreement shall cause immediate and
      irreparable harm to the Company. In the event of any breach or threatened breach
      of any of said provisions, Executive consents to the entry of preliminary and
      permanent injunctions by a court of competent jurisdiction prohibiting Executive
      from any violation or threatened violation of such provisions and compelling
      Executive to comply with such provisions. This Section 9 shall not affect or
      limit, and the injunctive relief provided in this Section 9 shall be in addition
      to, any other remedies available to the Company at law or in equity or in
      arbitration for any such violation by Executive. In the event an injunction
      is
      issued against any such violation by Executive, the period referred to in
      Section 7 of this Agreement shall continue until the later of the expiration
      of
      the period set forth therein or one (1) month from the date a final judgment
      enforcing such provisions is entered and the time for appeal has lapsed. Subject
      to Section 5(e)(iv) of this Agreement, the provisions of Sections 6, 7, 8 and
      9
      of this Agreement shall survive any termination of this Agreement and
      Executive’s employment pursuant to this Agreement.

     

    10.    Indemnification.
      The
      Company shall provide Executive with payment of legal fees and indemnification
      to the maximum extent permitted by the Company’s Certificate of Incorporation,
      By-Laws, and the Delaware General Corporation Law.

     

    11.    Miscellaneous.

     

    (a)    Executive
      represents, warrants, covenants and agrees that she has a right to enter into
      this Agreement, that he is not a party to any agreement or understanding, oral
      or written, which would prohibit performance of her obligations under this
      Agreement, and that he will not use in the performance of her obligations
      hereunder any proprietary information of any other party which he is legally
      prohibited from using.

     

    (b)    If
      requested by the Company, Executive will cooperate with the Company in
      connection with the Company’s application to obtain key-man life insurance on
      her life, on which the Company will be the beneficiary. Such cooperation shall
      include the execution of any applications or other documents requiring her
      signature and submission of insurance applications and submission to a
      physical.

     

    (c)    Any
      notice, consent or communication required under the provisions of this Agreement
      shall be given in writing and sent or delivered by hand, overnight courier
      or
      messenger service, against a signed receipt or acknowledgment of receipt, or
      by
      registered or certified mail, return receipt requested, or telecopier or similar
      means of communication if receipt is acknowledged or if transmission is
      confirmed by mail as provided in this Section 11(c), to the parties at their
      respective addresses set forth at the beginning of this Agreement or by
      telecopier to the Company at (978) 874-0591 or to Executive at 610)
      444-0778,
      with
      notice to the Company being sent to the attention of the individual who executed
      this Agreement on behalf of the Company. Either party may, by like notice,
      change the person, address or telecopier number to which notice is to be sent.
      If no telecopier number is provided for Executive, notice to her shall not
      be
      sent by telecopier.

     

    
      
         

      

      
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    (d)    This
      Agreement shall in all respects be construed and interpreted in accordance
      with,
      and the rights of the parties shall be governed by, the laws of the State of
      Delaware applicable to contracts executed and to be performed wholly within
      such
      State, without regard to principles of conflicts of laws.

     

    (e)    Except
      for actions, suits, or proceedings taken pursuant to or under Section 6, 7,
      8 or
      9 of this Agreement, any dispute concerning this Agreement or the rights of
      the
      parties hereunder shall be submitted to binding arbitration in Wilmington,
      Delaware before a single arbitrator under the rules of the American Arbitration
      Association. The award of the arbitrator shall be final, binding and conclusive
      on all parties, and judgment on such award may be entered in any court having
      jurisdiction. The arbitrator shall have the power, in his or her discretion,
      to
      award counsel fees and costs to the prevailing party. The arbitrator shall
      have
      no power to modify or amend any specific provision of this Agreement except
      as
      expressly provided in Section 7(b) of this Agreement.

     

    (f)    Notwithstanding
      the provisions of Section 11(e) of this Agreement, with respect to any claim
      for
      injunctive relief or other equitable remedy pursuant to Section 9 of this
      Agreement or any claim to enforce an arbitration award or to compel arbitration,
      each of the parties hereby (i) consents to the exclusive jurisdiction of the
      United States District Court for the State of Delaware and state courts of
      the
      State of Delaware, in the County of New Castle, (ii) agrees that any process
      in
      any action commenced in such court under this Agreement may be served upon
      her
      personally, either (A) by certified or registered mail, return receipt
      requested, or by overnight courier service which obtains evidence of delivery,
      with the same full force and effect as if personally served upon her in New
      Castle County, Delaware, as the case may be, or (B) by any other method of
      service permitted by law, and (iii) waives any claim that the jurisdiction
      of
      any such court is not a convenient forum for any such action and any defense
      of
      lack of in personam
      jurisdiction with respect thereof.

     

    (g)    If
      any
      term, covenant or condition of this Agreement or the application thereof to
      any
      party or circumstance shall, to any extent, be determined to be invalid or
      unenforceable, the remainder of this Agreement, or the application of such
      term,
      covenant or condition to parties or circumstances other than those as to which
      it is held invalid or unenforceable, shall not be affected thereby and each
      term, covenant or condition of this Agreement shall be valid and be enforced
      to
      the fullest extent permitted by law, and any court or arbitrator having
      jurisdiction may reduce the scope of any provision of this Agreement, including
      the geographic and temporal restrictions set forth in Section 7(a) of this
      Agreement, so that it complies with applicable law.

     

    (h)    This
      Agreement constitutes the entire agreement of the Company and Executive as
      to
      the subject matter hereof, superseding all prior or contemporaneous written
      or
      oral understandings or agreements, including any and all previous employment
      agreements or understandings, all of which are hereby terminated, with respect
      to the subject matter covered in this Agreement. This Agreement may not be
      modified or amended, nor may any right be waived, except by a writing which
      expressly refers to this Agreement, states that it is intended to be a
      modification, amendment or waiver and is signed by both parties in the case
      of a
      modification or amendment or by the party granting the waiver. No course of
      conduct or dealing between the parties and no custom or trade usage shall be
      relied upon to vary the terms of this Agreement. The failure of a party to
      insist upon strict adherence to any term of this Agreement on any occasion
      shall
      not be considered a waiver or deprive that party of the right thereafter to
      insist upon strict adherence to that term or any other term of this
      Agreement.

     

    (i)    Neither
      party hereto shall have the right to assign or transfer any of its or her rights
      hereunder except in connection with a merger of consolidation of the Company
      or
      a sale by the Company of all or substantially all of its business and
      assets.

     

    
      
         

      

      
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    (j)    This
      Agreement shall be binding upon and inure to the benefit of the parties hereto
      and their respective heirs, successors, executors, administrators and permitted
      assigns.

     

    (k)    The
      headings in this Agreement are for convenience of reference only and shall
      not
      affect in any way the construction or interpretation of this
      Agreement.

     

    (l)    No
      delay
      or omission to exercise any right, power or remedy accruing to either party
      hereto shall impair any such right, power or remedy or shall be construed to
      be
      a waiver of or an acquiescence to any breach hereof. No waiver of any breach
      hereof shall be deemed to be a waiver of any other breach hereof theretofore
      or
      thereafter occurring. Any waiver of any provision hereof shall be effective
      only
      to the extent specifically set forth in an applicable writing. All remedies
      afforded to either party under this Agreement, by law or otherwise, shall be
      cumulative and not alternative and shall not preclude assertion by such party
      of
      any other rights or the seeking of any other rights or remedies against any
      other party.

     

    IN
      WITNESS WHEREOF,
      the
      parties have executed this Agreement as of the date first above
      written.

     

     

    TECHPRECISION
      CORPORATION

     

     

    By: 
      /s/
      Louis
      A. Winoski

      
        

      

    

    Louis
      A.
      Winoski

    Chairman,
      Compensation Committee

     

     

    /s/
      Mary
      Desmond

      
        

      

    

    Mary
      Desmond

     

     

    - 8
      -Name
                of Offeree

            	 	
              Number
                of Private

            
	 	 	
              Offering
                Memorandum

            

    

    

    LANTIS
      LASER INC.

    

    SUBSCRIPTION
      AGREEMENT

    

    Lantis
      Laser Inc.

    

    Gentlemen:

    

    1. Subscription.
      The
      undersigned (the “Purchaser”), intending to be legally bound, hereby irrevocably
      agrees to purchase from Lantis Laser Inc. (the “Company”) the number of shares
      of common stock issued by the Company (the “Shares”) set forth on the signature
      page hereof, at a purchase price of $0.10 per Share. This subscription is
      submitted to you in accordance with and subject to the terms and conditions
      described in this Subscription Agreement and the Confidential Offering
      Memorandum of the Company dated July 28, 2006, as amended or supplemented from
      time to time, including all attachments, schedules and exhibits thereto (the
      “Memorandum”), relating to the offering by the Company of up to 20,000,000
      Shares. The Purchaser acknowledges that the Company is a non-reporting public
      company and that the sale or transfer of the Shares being subscribed for hereby
      is subject to various restrictions as set forth below, and that there is a
      risk
      that these Shares, once acquired, may be required to be held for an indefinite
      period of time. 

    

    The
      minimum investment amount of this offering is $25,000 (250,000 Shares). The
      Company anticipates closing the offering no later than September 28, 2006.
      The
      Company’s target offering is 20,000,000 Shares ($2,000,000). The Company’s
      prescribed minimum amount for closing is 10,000,000 Shares ($1,000,000). The
      Company may have additional closings up to the target amount. 

    

    The
      undersigned shall be permitted to revoke this subscription for any reason up
      to
      and until the Closing Time that relates to Closing of the Shares being sold
      pursuant to this Agreement. Revocation of this subscription shall be made in
      writing and sent by the undersigned to the Company by hand, overnight courier,
      facsimile, electronic mail or United States certified mail, return receipt
      requested. If the subscription is either (i) rejected by the Company, (ii)
      revoked by the undersigned, or (iii) if subscriptions to purchase the minimum
      offering of 10,000,000 Shares is not received by the Company by the anticipated
      closing date, the Company shall return to the undersigned, without interest
      or
      deduction, any payment tendered by the undersigned.

      

    2. Payment.
      The
      Purchaser encloses herewith a check payable to, or will immediately make a
      wire
      transfer payment to, Anslow & Jaclin, LLP, Attorney Trust Account, in the
      full amount of the purchase price of the Shares being subscribed for. To request
      wire transfer instructions, please contact Mr. Stanley Baron at (203) 300-7622.
      Such funds will be placed in Escrow for the purchaser’s benefit with Anslow
& Jaclin, LLP, and will be returned promptly, without interest, penalty,
      expense or deduction if this Subscription Agreement is not accepted by the
      Company or if the Offering is terminated pursuant to its terms or by the
      Company.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    3. Deposit
      of Funds.
      All
      payments made as provided in Section 2 hereof shall be deposited by the Company
      as soon as practicable with Anslow & Jaclin, LLP, Attorney Trust Account,
      and held in a segregated account until such time as the subscription is accepted
      by the Company.

    

    4. Acceptance
      of Subscription.
      The
      Purchaser understands and agrees that the Company in its sole discretion
      reserves the right to accept or reject this or any other subscription for
      Shares, in whole or in part, notwithstanding prior receipt by the Purchaser
      of
      notice of acceptance of this subscription. The Company shall have no obligation
      hereunder until the Company shall execute and deliver to the Purchaser an
      executed copy of this Subscription Agreement. If this subscription is rejected,
      all funds received from the Purchaser will be returned without interest,
      penalty, expense or deduction, and this Subscription Agreement shall thereafter
      be of no further force or effect. If this subscription is rejected in part,
      the
      funds for the rejected portion of this subscription will be returned without
      interest, penalty, expense or deduction, and this Subscription Agreement will
      continue in full force and effect to the extent this subscription was
      accepted.

    

    5. Shares
      not Registered. As
      discussed in the following paragraph, the Shares being subscribed for hereby
      are
      not registered under the Securities Act of 1933, as amended (the “Securities
      Act”) or any state securities laws, so that the Shares are not freely tradeable.
      The Company has informed the Purchaser that it will use reasonable efforts
      to
      register the Shares in accordance with the requirements of the Securities Act
      within 120-180 days of the date that this Subscription is accepted, but
      Purchaser expressly acknowledges that there can be no assurance that such
      efforts will be successful or that the Shares will be registered, and that
      without such registration, there will be substantial restrictions on the
      Purchaser’s ability to sell or transfer the Shares. Notwithstanding the
      foregoing, the Purchaser may transfer any or all of the Shares purchased hereby
      if the transfer is by gift, will or intestacy, or by distribution to partners,
      members or shareholders of the Purchaser.

    

    6. Representations
      and Warranties.
      The
      Purchaser hereby represents, warrants, acknowledges and agrees as
      follows:

    

    (a) The
      offering and sale of the Shares pursuant to the Memorandum are not registered
      under the Securities Act or any state securities laws. The Purchaser understands
      that the offering and sale of the Shares is intended to be exempt from
      registration under the Securities Act by virtue of Section 4(2) thereof and
      the
      provisions of Rule 506 of Regulation D promulgated thereunder, based, in
      part, upon the representations, warranties and agreements of the Purchaser
      contained in this Subscription Agreement;

    

    (b) The
      Purchaser and the Purchaser’s attorney, accountant, purchaser representative
      and/or tax advisor, if any (collectively, the “Advisors”) have received the
      Memorandum and all other documents requested by the Purchaser, have carefully
      reviewed them and understand the information contained therein, and the
      Purchaser and the Advisors, if any, prior to the execution of this Subscription
      Agreement, have had access to the same kind of information which would be
      available in a registration statement filed by the Company under the Securities
      Act;

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

    

    (c) Neither
      the Securities and Exchange Commission nor any state securities commission
      has
      approved the Shares or passed upon or endorsed the merits of the Offering or
      confirmed the accuracy or determined the adequacy of the Memorandum. The
      Memorandum has not been reviewed by any Federal, state or other regulatory
      authority;

    

    (d) All
      documents, records, and books pertaining to the investment in the Shares
      (including, without limitation, the Memorandum) have been made available for
      inspection by such Purchaser and the Advisors, if any;

    

    (e) The
      Purchaser and the 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 of the Shares 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 Purchaser and
      the
      Advisors, if any;

    

    (f) In
      evaluating the suitability of an investment in the Company, the Purchaser has
      not relied upon any representation or other information (oral or written) other
      than as stated in the Memorandum or as contained in documents or answers to
      questions so furnished by the Company to the Purchaser or the Advisors, if
      any;

    

    (g) The
      Purchaser is unaware of, is in no way relying on, and did not become aware
      of,
      the offering of the Shares 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, in connection
      with the offering and sale of the Shares and is not subscribing for Shares
      and
      did not become aware of the offering of the Shares through or as a result of
      any
      seminar or meeting to which the Purchaser was invited by, or any solicitation
      of
      a subscription by, a person not previously known to the Purchaser in connection
      with investments in securities generally;

    

    (h) The
      Purchaser has taken no action which would give rise to any claim by any person
      for brokerage commissions, finders’ fees or the like relating to this
      Subscription Agreement or the transactions contemplated hereby (other than
      referral or finders’ fees to be paid by the Company as described in the
      Memorandum) and, in turn, to be paid to its selected dealers;

    

    (i) The
      Purchaser or the Advisors, if any, have such knowledge and experience in
      financial, tax, and business matters, and, in particular, investments in
      securities, so as to enable them to utilize the information made available
      to
      them in connection with the offering of the Shares to evaluate the merits and
      risks of an investment in the Shares and the Company and to make an informed
      investment decision with respect thereto;

    

    (j) The
      Purchaser is not relying on the Company or any of its employees or agents,
      or
      any other party (including any party that introduced Purchaser to the Company,
      if any) with respect to the legal, tax, economic and related considerations
      of
      an investment in the Shares, and the Purchaser has relied on the advice of,
      or
      has consulted with, only his own Advisors, if any;

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

    

    (k) The
      Purchaser is acquiring the Shares solely for such Purchaser’s own account for
      investment and not with a view to resale or distribution thereof, in whole
      or in
      part. The Purchaser has no agreement arrangement, formal or informal, with
      any
      person to sell or transfer all or any part of the Shares and the Purchaser
      has
      no plans to enter into any such agreement or arrangement;

    

    (l) The
      Purchaser must bear the substantial economic risks of the investment in the
      Shares indefinitely because none of the Shares may be sold, hypothecated or
      otherwise disposed of unless subsequently registered under the Securities Act
      and applicable state securities laws or an exemption from such registration
      is
      available. In the case of any transfer of the Shares without registration under
      the Securities Act, the Purchaser must notify the Company of the proposed
      transfer and, at the Company's request, furnish the Company with an opinion
      of
      counsel reasonably satisfactory to the Company that the transfer will not
      require registration under the Securities Act. Legends shall be placed on the
      certificates representing the Shares, to the effect that they have not been
      registered under the Securities Act or applicable state securities laws and
      appropriate notations thereof will be made in the Company’s stock books. Stop
      transfer instructions will be placed with the transfer agent of the certificates
      representing the Shares. It is possible that there will not be any market for
      resale of the Shares at any time in the foreseeable future. 

    

    (m) The
      Purchaser has adequate means of providing for such Purchaser’s current financial
      needs and foreseeable contingencies and has no need for liquidity of the
      investment in the Shares for an indefinite period of time;

    

    (n) The
      Purchaser is aware that an investment in the Shares involves a number of very
      significant risks and has carefully read and considered the matters set forth
      under the caption “Risk Factors” in the Memorandum;

    

    (o) The
      Purchaser meets the requirements of at least one of the suitability standards
      for an “accredited investor” as set forth on the Accredited Investor
      Certification contained herein; 

    

    (p) The
      Purchaser: (i) if a natural person represents that the Purchaser has reached
      the
      age of 21 and has full power and authority to execute and deliver this
      Subscription Agreement and all other related agreements or certificates and
      to
      carry out the provisions hereof and thereof; (ii) if a corporation, limited
      liability company or partnership, association, joint stock company, trust,
      unincorporated organization or other entity, such entity was not formed for
      the
      specific purpose of acquiring the Shares, such entity is duly organized, validly
      existing and in good standing under the laws of the state of its organization,
      the consummation of the transactions contemplated hereby does not conflict
      with,
      and will not result in a violation of state law or its charter or other
      organizational documents, such entity has full power and authority to execute
      and deliver this Subscription Agreement and all other related agreements or
      certificates and to carry out the provisions hereof and thereof and to purchase
      and hold the Shares, the execution and delivery of this Subscription Agreement
      has been duly authorized by all necessary action, this Subscription Agreement
      has been duly executed and delivered on behalf of such entity and is a legal,
      valid and binding obligation of such entity enforceable in accordance with
      its
      terms; and (iii) if executing this Subscription Agreement in a representative
      or
      fiduciary capacity, it has full power and authority to execute and deliver
      this
      Subscription Agreement in such capacity and on behalf of the subscribing
      individual, ward, partnership, trust, estate, corporation, limited liability
      company, or other entity for whom the Purchaser is executing this Subscription
      Agreement, and such individual, ward, trust, estate, corporation, limited
      liability company or partnership, or other entity has full right and power
      to
      perform pursuant to this Subscription Agreement and make an investment in the
      Company, and that this Subscription Agreement constitutes a legal, valid and
      binding obligation of such entity enforceable in accordance with its terms.
      The
      execution and delivery of this Subscription Agreement will not violate or be
      in
      conflict with any order, judgment, injunction, agreement or controlling document
      to which the Purchaser is a party or by which it is bound;

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

    

    (q) The
      Purchaser and the Advisors, if any, had the opportunity to obtain any additional
      information, to the extent the Company had such information in its possession
      or
      could acquire it without unreasonable effort or expense, necessary to verify
      the
      accuracy of the information contained in the Memorandum and all documents
      received or reviewed in connection with the purchase of the Shares and have
      had
      the opportunity to have representatives of the Company provide them with such
      additional information regarding the terms and conditions of this particular
      investment and the financial condition, results of operations, business and
      prospects of the Company deemed relevant by the Purchaser or the Advisors,
      if
      any, and all such requested information, to the extent the Company had such
      information in its possession or could acquire it without unreasonable effort
      or
      expense, has been provided to full satisfaction;

    

    (r) The
      Purchaser represents to the Company that any information which the undersigned
      has heretofore furnished or furnishes herewith to the Company is complete and
      accurate and may be relied upon by the Company in determining the availability
      of an exemption from registration under Federal and state securities laws in
      connection with the offering of securities as described in the Memorandum or
      in
      registering the Shares under the Securities Act. The Purchaser further
      represents and warrants that it will notify and supply corrective information
      to
      the Company immediately upon the occurrence of any change therein occurring
      prior to the Company’s issuance of the securities contained in the
      Shares;

    

    (s) The
      Purchaser has significant prior investment experience, including investment
      in
      non-listed and non-registered securities. The Purchaser has a sufficient net
      worth to sustain a loss of its entire investment in the Company in the event
      such a loss should occur. The Purchaser’s overall commitment to investments
      which are not readily marketable is not excessive in view of its net worth
      and
      financial circumstances and the purchase of the Shares will not cause such
      commitment to become excessive. The investment is a suitable one for the
      Purchaser;

    

    (t) The
      Purchaser is satisfied that it has received adequate information with respect
      to
      all matters which it or the Advisors, if any, consider material to the
      Purchaser’s decision to make this investment;

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

    

    (u) The
      Purchaser acknowledges that any estimates of market size, projected research
      and
      development expenses included in the Memorandum were prepared by the Company
      in
      good faith but that the attainment of any such projections and estimates cannot
      be guaranteed by the Company and should not be relied upon;

    

    (v) Within
      five days after receipt of a request from the Company, the Purchaser will
      provide such information and deliver such documents as may reasonably be
      necessary to comply with any and all laws and ordinances to which the Company
      (or any party that introduced Purchaser to the Company) is subject;

    

    (w) The
      Purchaser’s relationship with the Company (or any party that introduced
      Purchaser to the Company, if any) predates the contact with the Purchaser
      regarding an investment in the Shares;

    

    (x) THE
      SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
      OF
      1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATES AND ARE BEING OFFERED
      AND
      SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF SAID ACT
      AND SUCH LAWS. THE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY
      AND
      RESALE AND MAY NOT BE TRANSFERRED OR RESOLD IN THE UNITED STATES EXCEPT AS
      PERMITTED UNDER SAID ACT AND SUCH LAWS PURSUANT TO REGISTRATION OR EXEMPTION
      THEREFROM. THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE
      SECURITIES AND EXCHANGE COMMISSION, ANY STATE SECURITIES 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
      MEMORANDUM. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL;

    

    (y) (For
      ERISA plans only)
      The
      fiduciary of the ERISA plan represents that he 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
      Purchaser fiduciary or Plan (a) is responsible for the decision to invest in
      the
      Company; (b) is independent of the Company or any of its affiliates; (c) is
      qualified to make such investment decision and (d) in making such decision,
      the
      Purchaser fiduciary or Plan has not relied primarily on any advice or
      recommendation of the Company or any of its affiliates.

    

    7. Indemnification.
      The
      Purchaser agrees to indemnify and hold harmless the Company (and any party
      that
      introduced Purchaser to the Company, if any) and their respective officers,
      directors, employees, agents, control persons and affiliates against all losses,
      liabilities, claims, damages, and expenses whatsoever (including, but not
      limited to, any and all expenses incurred in investigating, preparing, or
      defending against any litigation commenced or threatened) based upon or arising
      out of any actual or alleged false acknowledgment, representation or warranty,
      or misrepresentation or omission to state a material fact, or breach by the
      Purchaser of any covenant or agreement made by the Purchaser herein or in any
      other document delivered in connection with this Subscription
      Agreement.

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

    

    8. Irrevocability;
      Binding Effect.
      The
      Purchaser hereby acknowledges and agrees that the subscription hereunder is
      irrevocable by the Purchaser, except as required by applicable law, and that
      this Subscription Agreement shall survive the death, disability, bankruptcy
      or
      dissolution of the Purchaser and shall be binding upon and inure to the benefit
      of the parties and their heirs, executors, administrators, successors, legal
      representatives and permitted assigns. If the Purchaser is more than one person,
      the obligations of the Purchaser hereunder shall be joint and several and the
      agreements and acknowledgments herein shall be deemed to be made by, and be
      binding upon, each such person and such person’s heirs, executors,
      administrators, successors, legal representatives, and permitted
      assigns.

    

    9. Modification.
      This
      Subscription Agreement shall not be modified or waived except by an instrument
      in writing signed by the party against whom any such modification or waiver
      is
      sought.

    

    10. Notices.
      Any
      notice or other communication required or permitted to be given hereunder shall
      be in writing and shall be mailed by certified mail, return receipt requested,
      or delivered against receipt to the party to whom it is to be given (a) if
      to
      Company, at the address set forth above, or (b) if to the Purchaser, at the
      address set forth on the signature page hereof (or, in either case, to such
      other address as the party shall have furnished in writing in accordance with
      the provisions of this Section 10). Any notice or other communication given
      by
      certified mail shall be deemed given at the time of certification thereof,
      except for a notice changing a party’s address which shall be deemed given at
      the time of receipt thereof. Any notice or other communication given by any
      other means shall be deemed given at the time of receipt thereof.

    

    11. Assignability.
      This
      Subscription Agreement and the rights, interests and obligations hereunder
      are
      not transferable or assignable by the Purchaser and the transfer or assignment
      of the Shares shall be made only in accordance with all applicable
      laws.

    

    12. Applicable
      Law.
      This
      Subscription Agreement shall be governed by and construed in accordance with
      the
      laws of the State of New Jersey relating to contracts entered into and to be
      performed wholly within such State. The Purchaser hereby irrevocably submits
      to
      the jurisdiction of any New Jersey state court or United States Federal court
      sitting in the State of New Jersey, over any action or proceeding arising out
      of
      or relating to this Subscription Agreement or any agreement contemplated hereby,
      and the Purchaser hereby irrevocably agrees that all claims in respect of such
      action or proceeding may be heard and determined in such New Jersey state or
      Federal court. The Purchaser further waives any objection to venue in such
      State
      and any objection to an action or proceeding in such State on the basis of
      inconvenient forum. The Purchaser further agrees that any action or proceeding
      brought against the Company, or any other party including any party that
      introduced Purchaser to the Company, shall be brought only in a New Jersey
      state
      or United States Federal court sitting in the State of New Jersey. THE PURCHASER
      AGREES TO WAIVE ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION
      BASED
      UPON OR ARISING OUT OF THIS SUBSCRIPTION AGREEMENT OR ANY DOCUMENT OR AGREEMENT
      CONTEMPLATED HEREBY.

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

    

    13. Blue
      Sky Qualification.
      The
      purchase of Shares under this Subscription Agreement is expressly conditioned
      upon the exemption from qualification of the offer and sale of the Shares from
      applicable Federal and state securities laws. The Company shall not be required
      to qualify this transaction under the securities laws of any jurisdiction and,
      should qualification be necessary, the Company shall be released from any and
      all obligations to maintain its offer, and may rescind any sale contracted,
      in
      the jurisdiction.

    

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

    

    15. Confidentiality.
      The
      Purchaser acknowledges and agrees that any information or data it or its
      Advisors, if any, have acquired from or about the Company, not otherwise
      properly in the public domain, was received in strict confidence. The Purchaser
      agrees not to divulge, communicate or disclose, or permit its Advisors, if
      any,
      to disclose, except as may be required by law or for the performance of this
      Agreement, or use to the detriment of the Company or for the benefit of any
      other person or persons, or misuse in any way, any confidential information
      of
      the Company, including any scientific, technical, trade or business secrets
      of
      the Company and any scientific, technical, trade or business materials that
      are
      treated by the Company as confidential or proprietary, including, but not
      limited to, ideas, discoveries, inventions, developments and improvements
      belonging to the Company and confidential information obtained by or given
      to
      the Company about or belonging to third parties.

    

    16. Miscellaneous.

    

    (a) This
      Agreement constitutes the entire agreement between the Purchaser and the Company
      with respect to the subject matter hereof and supersedes all prior oral or
      written agreements and understandings, if any, relating to the subject matter
      hereof. The terms and provisions of this Agreement may be waived, or consent
      for
      the departure therefrom granted, only by a written document executed by the
      party entitled to the benefits of such terms or provisions.

    

    (b) The
      Purchaser’s representations, warranties, agreements and acknowledgements made in
      this Agreement shall survive the execution and delivery hereof and delivery
      of
      the Shares.

    

    (c) Each
      of
      the parties hereto shall pay its own fees and expenses (including the fees
      of
      any attorneys, accountants, appraisers or others engaged by such party) in
      connection with this Subscription Agreement and the transactions contemplated
      hereby whether or not the transactions contemplated hereby are
      consummated.

    

    (d) This
      Agreement may be executed in one or more counterparts each of which shall be
      deemed an original, but all of which shall together constitute one and the
      same
      instrument.

    

    (e) Each
      provision of this Subscription Agreement shall be considered separable and
      if
      for any reason any provision or provisions hereof are determined to be invalid
      or contrary to applicable law, such invalidity or illegality shall not impair
      the operation of or affect the remaining portions of this Subscription
      Agreement.

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

    

    (f) Paragraph
      titles are for descriptive purposes only and shall not control or alter the
      meaning of this Subscription Agreement as set forth in the text.

    

    *    *

    

    Accredited
      Investor Certification

    (Initial
      the appropriate box(es))

    

    ___ (i) I
      am a
      natural person who had individual income of more than $200,000 in each of the
      most recent two years or joint income with my spouse in excess of $300,000
      in
      each of the most recent two years and reasonably expect to reach that same
      income level for the current year (“income”, for purposes hereof, should be
      computed as follows: individual adjusted gross income, as reported (or to be
      reported) on a federal income tax return, increased by (1) any deduction of
      long-term capital gains under section 1202 of the Internal Revenue Code of
      1986
      (the “Code”), (2) any deduction for depletion under Section 611 et seq. of the
      Code, (3) any exclusion for interest under Section 103 of the Code and (4)
      any
      losses of a partnership as reported on Schedule E of Form 1040);

    

    ___ (ii) I
      am a
      natural person whose individual net worth (i.e.,
      total
      assets in excess of total liabilities), or joint net worth with my spouse,
      will
      at the time of purchase of the Shares be in excess of $1,000,000;

    

    ___ (iii) The
      Purchaser is an investor satisfying the requirements of Section 501(a)(1),
      (2)
      or (3) of Regulation D promulgated under the Securities Act, which includes
      but
      is not limited to, a self-directed employee benefit plan where investment
      decisions are made solely by persons who are “accredited investors” as otherwise
      defined in Regulation D;

    

    ___ (iv) The
      Purchaser is a trust, which trust has total assets in excess of $5,000,000,
      which is not formed for the specific purpose of acquiring the Shares offered
      hereby and whose purchase is directed by a sophisticated person as described
      in
      Rule 506(b)(ii) of Regulation D and who has such knowledge and experience in
      financial and business matters that he is capable of evaluating the risks and
      merits of an investment in the Shares;

    

    ___ (v) I
      am a
      director or executive officer of the Company; or

    

    ___ (vi) The
      Purchaser is an entity (other than a trust) in which all of the equity owners
      meet the requirements of at least one of the above
      subparagraphs.

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

    If
      the
      purchaser is an INDIVIDUAL, and if purchased as JOINT TENANTS, as TENANTS IN
      COMMON, or as COMMUNITY PROPERTY:

    

    
      	
               

            	 	
               

            
	
              Print
                Name(s)

            	 	
              Social
                Security Number(s)

            
	
               

            	 	
               

            
	
              Signature(s)
                of Purchaser(s)

            	 	 
	
               

            	 	
               

            
	
              Date

            	 	
              Address

            
	 	 	 

    

    If
      the
      purchaser is a PARTNERSHIP, CORPORATION, LIMITED LIABILITY COMPANY or
      TRUST:

    

    
      	 	 	
               

            
	Name
              of Partnership, Corporation,	 	
              Federal Taxpayer Identification Number

            
	Limited
              Liability Company or Trust	 	 
	 	 	 
	Date	 	 
	 	 	 	 
	By:	
               

            	 	
               

            
	 	
              Name:

            	 	
              State of Organization

            
	 	 	 	 
	Title:	
               

            	 	
               

            
	 	 	 	
              Address

            

    

    

    Number
      of
      Shares Purchased ______________ @ $0.10 Per Share

    

    MAILING
      INSTRUCTIONS: Please return this completed agreement to Garden State
Securities,
      Inc., 1540 Route 138, Ste. 303; Wall Township, NJ 07719. Attention: Syndicate
      Department.
      

    

    SUBSCRIPTION
      ACCEPTED AND AGREED TO

    this ____
      day
      of ___________,
      2006

    

    LANTIS
      LASER INC.

    

    
      	By:	
               

            
	Name:  
              Stanley B Baron
	Title:    
              President & CEO

      
        
          
          

        

        
          -10-

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