Document:

Exhibit 4.15

THE
SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933 (THE "ACT"), AND ARE BEING OFFERED AND SOLD IN RELIANCE UPON EXEMPTIONS
FROM THE REGISTRATION REQUIREMENTS OF THE ACT. SUCH SECURITIES MAY NOT BE
REOFFERED FOR SALE OR RESOLD OR OTHERWISE TRANSFERRED UNLESS THEY ARE REGISTERED
UNDER THE APPLICABLE PROVISIONS OF THE ACT OR ARE EXEMPT FROM SUCH REGISTRATION.
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION (THE "COMMISSION") OR BY ANY STATE SECURITIES ADMINISTRATION
OR REGULATORY AUTHORITY.

RULE
506 SUBSCRIPTION AGREEMENT

 

THIS
AGREEMENT is made
effective as of the 6th day of
November, 2003.

BETWEEN:

    

        THE
SUBSCRIBER LISTED ON THE EXECUTION PAGE

TO
THIS AGREEMENT

(hereinafter
called the "Subscriber")

OF
THE FIRST PART

AND:

HOUSE
OF BRUSSELS CHOCOLATES INC.,

a Nevada
corporation

(hereinafter
called the "Company")

OF
THE SECOND PART

THE
PARTIES HEREBY AGREE AS FOLLOWS:

	1.	
      DEFINITIONS

1.1          The
following terms will have the following meanings for all purposes of this
Agreement.

	 	
      (a)
	
      "Agreement"
      shall mean this Agreement, and all schedules and amendments to in the
      Agreement.

	 	
      (b)
	
      "Common
      Stock" means the Common Stock of the Company without par
      value.

	 	
      (c)
	
      "Exchange
      Act" shall mean the United States Securities Exchange Act of 1934, as
      amended.

	 	
      (d)
	
      "Subscriber"
      shall mean the Subscriber executing the signature page to this
      Agreement.

	 	
      (e)
	
      "Offering"
      shall mean the offering of up to 909,090 Units by the
    Company.

2

 

	 	
      (f)
	
      "Purchase
      Price" means the purchase price payable by the Subscriber to the Company
      in consideration for the purchase and sale of the Units in accordance with
      Section 2.1 of this Agreement.

	 	
      (g)
	
      "SEC"
      shall mean the United States Securities and Exchange
      Commission.

	 	
      (h)
	
      "Securities
      Act" shall mean the United States Securities Act of 1933, as
      amended.

	 	
      (i)
	
      "Shares"
      means those Common Stock to be purchased by the Subscriber and comprising
      a portion of the Units;

	 	
      (j)
	
      "Unit"
      means a unit consisting of one (1) Share and one (1)
    Warrant;

	 	
      (k)
	
      "Warrant"
      means one share purchase warrant entitling the Holder to purchase one
      common share of the Company at a price of $0.65 US per share during the
      period from November 6, 2004 to November 6,
2007;

	 	
      (l)
	
      "Warrant
      Shares" means the Common Stock issuable upon exercise of the
      Warrants;

1.2          The
following schedules are attached to and form part of this
Agreement:

Schedule
A British
Columbia Definition of Accredited Investor

 

1.3          All
dollar amounts referred to in this agreement are in United States funds, unless
expressly stated otherwise.

	2.	
      PURCHASE
      AND SALE OF UNITS

2.1          Subject
to the terms and conditions of this Agreement, the Subscriber hereby subscribes
for and agrees to purchase from the Company such number of Units as is set forth
upon the signature page hereof at a price equal to $0.55 US per Unit. Upon
execution, the subscription by the Subscriber will be irrevocable.

2.2          The
Subscriber will complete the purchase of the Shares by delivering to the Company
the following concurrently with the execution and delivery of this Subscription
Agreement:

	 	
      (A)
	
      payment
      of the Purchase Price by cheque, bank draft of cashier's cheque payable to
      the Company or a wire transfer sent to the Company's bank account;
      and

	 	
      (B)
	
      the
      Accredited Investor Questionnaire Form, in the form delivered by the
      Company to the Subscriber.

2.3          Upon
execution by the Company, the Company agrees to sell such Units to the
Subscriber for the Purchase Price subject to the Company's right to sell to the
Subscriber such lesser number of Units as it may, in its sole discretion, deem
necessary or desirable.

2.4          Any
acceptance by the Company of the Subscription is conditional upon compliance
with all securities laws and other applicable laws of the jurisdiction in which
the Subscriber is resident. Each Subscriber will deliver to the Company all
other documentation, agreements, representations and requisite government forms
required by the lawyers for the Company as required to comply with all
securities laws and other applicable laws of the jurisdiction of the
Subscriber.

3

 

2.5          Pending
acceptance of this subscription by the Company, all funds paid by the Subscriber
shall be deposited by the Company and immediately available to the Company for
its corporate purposes. In the event the subscription is not accepted, the
subscription funds will constitute a non-interest bearing demand loan of the
Subscriber to the Company.

2.6          The
Subscriber hereby authorizes and directs the Company to deliver the securities
to be issued to such Subscriber pursuant to this Agreement to the Subscriber's
address indicated on the signature page of this Agreement.

2.7          The
Subscriber acknowledges and agrees that the subscription for the Units and the
Company's acceptance of the subscription is not subject to any minimum
subscription for the Offering.

	3.		
      RESTRICTED
      SHARE AGREEMENTS OF THE SUBSCRIBER

3.1          The
Subscriber represents and warrants to the Company that the Subscriber is an
"accredited investor" as defined in Rule 501 of Regulation D of the Securities
Act by virtue of satisfying one or more of the following categories (please
place an "X" on each appropriate box):

 ̈  
Category
1. Any
director or executive officer of the Company;

 ̈  Category
2. Any
natural person whose individual net worth, or joint net worth with that person's
spouse, at the time of his or her purchase, exceeds $1,000,000;

 ̈  Category
3. Any
natural person who had an individual income in excess of $200,000 in each of the
two most recent years or joint income with that person's spouse in excess of
$300,000 in each of those years and has a reasonable expectation of reaching
that same income level in the current year;

 ̈  Category
4. Any
organization described in Section 501(c)(3) of the Internal Revenue Code,
corporation, Massachusetts or similar business trust, or partnership, not formed
for the specific purpose of acquiring the securities offered, with total assets
in excess of $5,000,000;

 ̈  Category
5. Any
private business development company as defined in Section 202(a)(22) of the
Investment
Advisers Act of 1940;

 ̈  Category
6. Any bank
as defined in Section 3(a)(2) of the 1933
Act, or any
savings and loan association or other institution as defined in Section 3(a)(5)A
of the 1933
Act whether
acting in its individual or fiduciary capacity; any broker or dealer registered
pursuant to Section 15 of the 1934 Act; any insurance company as defined in
Section 2(13) of the 1933
Act; any
investment company registered under the Investment
Company Act of 1940 or a
business development company as defined in Section 2(a)(48) of the 1933
Act; any
Small Business Investment Company licensed by the U.S. Small Business
Administration under Section 301(c) or (d) of the Small
Business Act of 1958; any
plan established and maintained by a state, its political subdivisions, or any
agency or instrumentality of a state or its political subdivision, for the
benefit of its employees if such plan has total assets in excess of $5,000,000;
and an employee benefit plan within the meaning of Title I of the Employee
Retirement Income Security Act of 1974 if the
investment decision is made by a plan fiduciary, as defined in Section 3(21) of
said Act, which is either a bank, savings and loan association, insurance
company, or registered investment advisor, or if the employee benefit plan has
total assets in excess of $5,000,000, or, if a self-directed plan, with
investment decisions made solely by persons that are accredited
investors;

4

 

 ̈  Category
7. Any
trust, with total assets in excess of $5,000,000, not formed for the specific
purpose of acquiring the securities offered, whose purchase is directed by a
sophisticated person as described in Section 230.506(b)(2)(ii) of Regulation D
under the 1933
Act;

 ̈  Category
8. Any
self-directed employee benefit plan with investment decisions made solely by
persons that are accredited investors within the meaning of Rule 501 of
Regulation D promulgated under the 1933
Act;
or

 ̈    Category
9. Any
entity in which all of the equity owners are accredited investors;

3.2          The
Subscriber acknowledges that the Shares are "restricted securities" within the
meaning of the Securities Act and will be issued to the Subscriber in accordance
with an exemption of the registration requirements of the Securities Act
provided by Rule 506 of Regulation D of the Securities Act based on the
representations and warranties of the Subscriber in this Agreement.

3.3          The
Subscriber acknowledges and agrees that the Company will not grant to the
Subscriber any rights to cause the resale or re-offer of the Shares to be
registered pursuant to the 1933 Act, except as set forth in Section 3.6 of this
Agreement.

3.4          The
Subscriber agrees to resell the Shares pursuant to registration under the
Securities Act, or pursuant to an available exemption from registration pursuant
to the Securities Act.

3.5          The
Subscriber acknowledges and agrees that all certificates representing the Shares
will be "restricted securities" under the 1933 Act and will be endorsed with the
following legend in accordance with Regulation D of the Act or such similar
legend as deemed advisable by the lawyers for the Subscriber to ensure
compliance with the 1933 Act:

"THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933 (THE "ACT"), AND HAVE BEEN OFFERED AND SOLD IN RELIANCE
UPON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE ACT. SUCH SECURITIES
MAY NOT BE REOFFERED FOR SALE OR RESOLD OR OTHERWISE TRANSFERRED UNLESS THEY ARE
REGISTERED UNDER THE APPLICABLE PROVISIONS OF THE ACT OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
ACT."

3.6          The
Company agrees that if the Company proposes to register (including a
registration effected by the Company for shareholders other than the subscribers
for the Offering) certain Common Stock under the Securities Act in connection
with a public offering of such securities solely for cash (other than a
registration relating solely for the sale of securities to participants in a
Company stock plan or a registration on Form S-4 promulgated under the
Securities Act or any successor or similar form registering stock issuable upon
a reclassification, upon a business combination involving an exchange of
securities or upon an exchange offer for securities of the issuer or another
entity), then the Company shall, at such time, promptly give the Subscriber
written notice of such registration (a "Piggyback Registration Statement"). Upon
receipt of the faxed written request of each Holder, within ten (10) days after
mailing of such notice by the Company, the Company shall cause to be included in
such registration statement under the Securities Act, all of the shares
purchased by the Subscriber pursuant to this Offering that the Subscriber has
requested be registered, (the "Piggyback Securities") to the extent that such
inclusion does not violate the registration rights of any other security holder
of the Company granted prior to the date hereof; provided, however, that nothing
herein shall prevent the Company from withdrawing or abandoning such
registration statement prior to its effectiveness. In the case of a Piggyback
Registration Statement pursuant to an underwritten public offering by the
Company, if the managing underwriter determines that the inclusion of the
Piggyback Securities in the related Piggyback Registration Statement of all
proposed securities to be registered would interfere with the successful
marketing of the securities proposed to be registered by the Company, then the
number of Piggyback Securities to be registered and included in such Piggyback
Registration Statement, to the extent any Piggyback Securities to be registered
may be included in such Piggyback Registration Statement, shall be allocated
among all subscribers to this Offering who had requested piggyback registration
pursuant to the terms of the Offering and their respective subscription
agreements. If required by the managing underwriter of such an underwritten
public offering, the Subscriber shall enter into an agreement limiting the
number of Piggyback Securities to be registered and included in such Piggyback
Registration Statement and the terms, if any, regarding the future sale of
Piggyback Securities to be registered.

 

5

	4.	
      REPRESENTATIONS
      AND WARRANTIES OF THE SUBSCRIBER

The
Subscriber, represents and warrants to the Company as follows, and acknowledges
that the Company is relying upon such covenants, representations and warranties
in connection with the sale of the Units to such Subscriber:

4.1          The
Subscriber is an investor in securities of companies in the development stage
and acknowledges that it is able to fend for itself, can bear the economic risk
of its investment, and has such knowledge and experience in financial or
business matters such that it is capable of evaluating the merits and risks of
the investment in the Units. The Subscriber can bear the economic risk of this
investment, and was not organized for the purpose of acquiring the
Units.

4.2          The
Subscriber believes it has received all the information it considers necessary
or appropriate for deciding whether to purchase the Units, including a copy of
the Company's Private Placement Memorandum dated November 6, 2003. The
Subscriber has had full opportunity to review the Company's filings with the SEC
pursuant to the Securities Exchange Act of 1934, including the Company's annual
reports on Form 10-KSB and quarterly reports on Form 10-QSB, and additional
information regarding the business and financial condition of the Company. The
Subscriber believes it has received all the information it considers necessary
or appropriate for deciding whether to purchase the Units. The Subscriber
further represents that it has had an opportunity to ask questions and receive
answers from the Company regarding the terms and conditions of the Offering and
the business, properties, prospects and financial condition of the Company. The
Subscriber has had full opportunity to discuss this information with the
Subscriber's legal and financial advisers prior to execution of this
Agreement.

4.3.          The
Subscriber acknowledges that the offering of the Units by the Company has not
been reviewed by the SEC and that the Units are being issued by the Company
pursuant to an exemption from registration under the Securities
Act.

4.4          The
Subscribers understands that the Units it is purchasing are characterized as
"restricted securities" under the Securities Act inasmuch as they are being
acquired from the Company in a transaction not involving a public offering and
that under such laws and applicable regulations such securities may be resold
without registration under the Securities Act only in certain limited
circumstances. In this connection, the Subscriber represents that it is familiar
with SEC Rule 144, as presently in effect, and understands the resale
limitations imposed thereby and by the Securities Act.

4.5          The Units
will be acquired by the Subscriber for investment for the Subscriber's own
account, not as a nominee or agent, and not with a view to the resale or
distribution of any part thereof, and that the Subscriber has no present
intention of selling, granting any participation in, or otherwise distributing
the same. The Subscriber does not have any contract, undertaking, agreement or
arrangement with any person to sell, transfer or grant participations to such
person or to any third person, with respect to any of the
Units.

6

4.6          An
investment in the Company is highly speculative and only Subscribers who can
afford the loss of their entire investment should consider investing in the
Company and the Units. The
Subscriber is financially able to bear the economic risks of an investment in
the Company.

4.7          The
Subscriber recognizes that the purchase of the Units involves a high degree of
risk in that the Company is in the early stages of development of its business
and may require substantial funds in addition to the proceeds of this private
placement.

4.8          The
Subscriber is not aware of any advertisement of the Units.

4.9          This
Agreement has been duly authorized, validly executed and delivered by the
Subscriber.

4.10        The
Subscriber has satisfied himself or herself as to the full observance of the
laws of his or her jurisdiction in connection with any invitation to subscribe
for the Units or any use of this Agreement, including (i) the legal requirements
within his jurisdiction for the purchase of the Units; (ii) any foreign exchange
restrictions applicable to such purchase; (iii) any governmental or other
consents that may need to be obtained; (iv) the income tax and other tax
consequences, if any, that may be relevant to an investment in the Units; and
(v) any restrictions on transfer applicable to any disposition of the Units
imposed by the jurisdiction in which the Subscriber is resident.

	5.	
      BRITISH
      COLUMBIA MATTERS

5.1          The
Subscriber represents and warrants to the Company that the Subscriber is an
"Accredited Investor" as defined by Subsection 1.1 of Multilateral Instrument
45-103 adopted by the British Columbia Securities Commission and as outlined in
Schedule A attached to this Subscription Agreement.

5.2          The
Subscriber represents and warrants to the Company that the Subscriber is not a
resident of British Columbia.

5.3          The
Subscriber acknowledges that the Shares, the Warrants and the Warrant Shares may
not be sold or otherwise disposed of for value in British Columbia, except
pursuant to either a prospectus or statutory exemption available only in
specific and limited circumstances. 

	6.	
      MISCELLANEOUS

6.1          Any
notice or other communication given hereunder shall be deemed sufficient if in
writing and sent by registered or certified mail, return receipt requested,
addressed to the Company, at its head office at 750 Terminal Avenue, Suite 208,
Vancouver, BC V6A 2M5, Attention: Mr. Evan Baergen, President, and to the
Subscriber at his/her address indicated on the last page of this Subscription
Agreement. Notices shall be deemed to have been given on the date of mailing,
except notices of change of address, which shall be deemed to have been given
when received.

6.2          The
parties agree to execute and deliver all such further documents, agreements and
instruments and take such other and further action as may be necessary or
appropriate to carry out the purposes and intent of this Subscription
Agreement.

7

6.3          This
Agreement will be governed by and construed in accordance with the laws of the
Province of British Columbia applicable to contracts made and to be performed
therein. The parties hereby submit to personal jurisdiction in the Courts of the
Province of British Columbia for the enforcement of this Agreement and waive any
and all rights under the laws of any state to object to jurisdiction within the
Province of British Columbia for the purposes of litigation to enforce this
Agreement.

IN
WITNESS WHEREOF, this
Subscription Agreement is executed as of the day and year first written
above.

	
       

      Number
      of Units Subscribed For: 
	
       

      180,000
      Units

	 	 
	
      Signature
      of Subscriber:
	
       

      /s/
      Roger D. Lockhart

	
       

      Name
      of Subscriber:
	
      Roger
      & Davina Lockhart C.R.U.T.

	
       

      Address
      of Subscriber:
	
      P.O.
      Box 10

	 	
       

      Beaver,
      AR 72613

	 	
       

       

ACCEPTED
BY:

HOUSE
OF BRUSSELS CHOCOLATES INC.

	
      Signature
      of Authorized Signatory:
	/s/ L. Evan Baergen 
	 	 
	
      Name
      of Authorized Signatory:
	
      L.
      Evan Baergen

	 	 
	
      Position
      of Authorized Signatory:
	
      Director
      & President

	
       

      Date
      of Acceptance:
	 November
      6, 2003

 

8

SCHEDULE
A

BRITISH
COLUMBIA DEFINITION OF "ACCREDITED INVESTOR"

"Accredited
Investor"
means:

	
      (a)
	
      a
      Canadian financial institution, or an authorized foreign bank listed in
      Schedule III of the Bank Act (Canada);

	
      (b)
	
      the
      Business Development Bank of Canada incorporated under the Business
      Development Bank of Canada Act (Canada);

	
      (c)
	
      an
      association under the Cooperative Credit Associations Act (Canada) located
      in Canada;

	
      (d)
	
      a
      subsidiary of any person or company referred to in paragraphs (a) to (c),
      where the person or company owns all of the voting securities of the
      subsidiary, except the voting securities required by law to be owned by
      directors of that subsidiary;

	
      (e)
	
      a
      person or company registered under the securities legislation, or under
      the securities legislation of another jurisdiction of Canada, as an
      adviser or dealer, other than a limited market dealer registered under the
      Securities Act (Ontario);

	
      (f)
	
      an
      individual registered or formerly registered under the securities
      legislation, or under the securities legislation of another jurisdiction
      of Canada, as a representative of a person or company referred to in
      paragraph (e);

	
      (g)
	
      the
      government of Canada or a province, or any crown corporation or agency of
      the government of Canada or a province;

	
      (h)
	
      a
      municipality, public board or commission in
Canada;

	
      (i)
	
      any
      national, federal, state, provincial, territorial or municipal government
      of or in any foreign jurisdiction, or any agency of that
      government;

	
      (j)
	
      a
      pension fund that is regulated by either the Office of the Superintendent
      of financial Institutions (Canada) or a provincial pension commission or
      similar regulatory authority;

	
      (k)
	
      a
      registered charity under the Income Tax Act
(Canada);

	
      (l)
	
      an
      individual who, either alone or jointly with a spouse, beneficially owns,
      directly or indirectly, financial assets having an aggregate realizable
      value that before taxes, but net of any related liabilities, exceeds
      C$1,000,000;

	
      (m)
	
      an
      individual whose net income before taxes exceeded C$200,000 in each of the
      two most recent years or whose net income before taxes combined with that
      of a spouse exceeded $300,000 in each of the two most recent years and the
      current year;

	
      (n)
	
      a
      corporation, limited partnership, limited liability partnership, trust or
      estate, other than a mutual fund or non-redeemable investment fund, that
      had net assets of at least C$5,000,000 as shown on its most recently
      prepared financial statements;

	
      (o)
	
      a
      mutual fund or non-redeemable investment fund that, in the local
      jurisdiction, distributes its securities only to persons or companies that
      are accredited investors;

	
      (p)
	
      a
      mutual fund or non-redeemable investment fund that, in the local
      jurisdiction, distributes its securities under a prospectus for which the
      regulator has issued a receipt;

	
      (q)
	
      an
      entity organized in a foreign jurisdiction that is analogous to any of the
      entities referred to in paragraphs (a) through (e) and paragraph (j) in
      form and function; or

	
      (r)
	
      a
      person or company in respect of which all of the owners of interests,
      direct or indirect, legal or beneficial, are persons or companies that are
      accredited investors.Exhibit 4.16

THE
SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933 (THE "ACT"), AND ARE BEING OFFERED AND SOLD IN RELIANCE UPON EXEMPTIONS
FROM THE REGISTRATION REQUIREMENTS OF THE ACT. SUCH SECURITIES MAY NOT BE
REOFFERED FOR SALE OR RESOLD OR OTHERWISE TRANSFERRED UNLESS THEY ARE REGISTERED
UNDER THE APPLICABLE PROVISIONS OF THE ACT OR ARE EXEMPT FROM SUCH REGISTRATION.
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION (THE "COMMISSION") OR BY ANY STATE SECURITIES ADMINISTRATION
OR REGULATORY AUTHORITY.

RULE
506 SUBSCRIPTION AGREEMENT

 

THIS
AGREEMENT is made
effective as of the 6th day of
November, 2003.

BETWEEN:

        THE
SUBSCRIBER LISTED ON THE EXECUTION PAGE

TO
THIS AGREEMENT

(hereinafter
called the "Subscriber")

OF
THE FIRST PART

AND:

HOUSE
OF BRUSSELS CHOCOLATES INC.,

a Nevada
corporation

(hereinafter
called the "Company")

OF
THE SECOND PART

THE
PARTIES HEREBY AGREE AS FOLLOWS:

	
      1.
	
      DEFINITIONS

1.1          The
following terms will have the following meanings for all purposes of this
Agreement.

	 	
      (a)
	
      "Agreement"
      shall mean this Agreement, and all schedules and amendments to in the
      Agreement.

	 	
      (b)
	
      "Common
      Stock" means the Common Stock of the Company without par
      value.

	 	
      (c)
	
      "Exchange
      Act" shall mean the United States Securities Exchange Act of 1934, as
      amended.

	 	
      (d)
	
      "Subscriber"
      shall mean the Subscriber executing the signature page to this
      Agreement.

	 	
      (e)
	
      "Offering"
      shall mean the offering of up to 909,090 Units by the
    Company.

2

	 	
      (f)
	
      "Purchase
      Price" means the purchase price payable by the Subscriber to the Company
      in consideration for the purchase and sale of the Units in accordance with
      Section 2.1 of this Agreement.

	 	
      (g)
	
      "SEC"
      shall mean the United States Securities and Exchange
      Commission.

	 	
      (h)
	
      "Securities
      Act" shall mean the United States Securities Act of 1933, as
      amended.

	 	
      (i)
	
      "Shares"
      means those Common Stock to be purchased by the Subscriber and comprising
      a portion of the Units;

	 	
      (j)
	
      "Unit"
      means a unit consisting of one (1) Share and one (1)
    Warrant;

	 	
      (k)
	
      "Warrant"
      means one share purchase warrant entitling the Holder to purchase one
      common share of the Company at a price of $0.65 US per share during the
      period from November 6, 2004 to November 6,
2007;

	 	
      (l)
	
      "Warrant
      Shares" means the Common Stock issuable upon exercise of the
      Warrants;

1.2          The
following schedules are attached to and form part of this
Agreement:

Schedule
A British
Columbia Definition of Accredited Investor

 

1.3          All
dollar amounts referred to in this agreement are in United States funds, unless
expressly stated otherwise.

	
      2.
	
      PURCHASE
      AND SALE OF UNITS

2.1 Subject
to the terms and conditions of this Agreement, the Subscriber hereby subscribes
for and agrees to purchase from the Company such number of Units as is set forth
upon the signature page hereof at a price equal to $0.55 US per Unit. Upon
execution, the subscription by the Subscriber will be irrevocable.

2.2          The
Subscriber will complete the purchase of the Shares by delivering to the Company
the following concurrently with the execution and delivery of this Subscription
Agreement:

	 	
      (A)
	
      payment
      of the Purchase Price by cheque, bank draft of cashier's cheque payable to
      the Company or a wire transfer sent to the Company's bank account;
      and

	 	
      (B)
	
      the
      Accredited Investor Questionnaire Form, in the form delivered by the
      Company to the Subscriber.

2.3          Upon
execution by the Company, the Company agrees to sell such Units to the
Subscriber for the Purchase Price subject to the Company's right to sell to the
Subscriber such lesser number of Units as it may, in its sole discretion, deem
necessary or desirable.

2.4          Any
acceptance by the Company of the Subscription is conditional upon compliance
with all securities laws and other applicable laws of the jurisdiction in which
the Subscriber is resident. Each Subscriber will deliver to the Company all
other documentation, agreements, representations and requisite government forms
required by the lawyers for the Company as required to comply with all
securities laws and other applicable laws of the jurisdiction of the
Subscriber.

3

2.5          Pending
acceptance of this subscription by the Company, all funds paid by the Subscriber
shall be deposited by the Company and immediately available to the Company for
its corporate purposes. In the event the subscription is not accepted, the
subscription funds will constitute a non-interest bearing demand loan of the
Subscriber to the Company.

2.6          The
Subscriber hereby authorizes and directs the Company to deliver the securities
to be issued to such Subscriber pursuant to this Agreement to the Subscriber's
address indicated on the signature page of this Agreement.

2.7          The
Subscriber acknowledges and agrees that the subscription for the Units and the
Company's acceptance of the subscription is not subject to any minimum
subscription for the Offering.

	
      3.
	
      RESTRICTED
      SHARE AGREEMENTS OF THE SUBSCRIBER

3.1          The
Subscriber represents and warrants to the Company that the Subscriber is an
"accredited investor" as defined in Rule 501 of Regulation D of the Securities
Act by virtue of satisfying one or more of the following categories (please
place an "X" on each appropriate box):

 ̈  Category
1. Any
director or executive officer of the Company;

 ̈  Category
2. Any
natural person whose individual net worth, or joint net worth with that person's
spouse, at the time of his or her purchase, exceeds $1,000,000;

 ̈  Category
3. Any
natural person who had an individual income in excess of $200,000 in each of the
two most recent years or joint income with that person's spouse in excess of
$300,000 in each of those years and has a reasonable expectation of reaching
that same income level in the current year;

 ̈  Category
4. Any
organization described in Section 501(c)(3) of the Internal Revenue Code,
corporation, Massachusetts or similar business trust, or partnership, not formed
for the specific purpose of acquiring the securities offered, with total assets
in excess of $5,000,000;

 ̈  Category
5. Any
private business development company as defined in Section 202(a)(22) of the
Investment
Advisers Act of 1940;

 ̈  Category
6. Any bank
as defined in Section 3(a)(2) of the 1933
Act, or any
savings and loan association or other institution as defined in Section 3(a)(5)A
of the 1933
Act whether
acting in its individual or fiduciary capacity; any broker or dealer registered
pursuant to Section 15 of the 1934 Act; any insurance company as defined in
Section 2(13) of the 1933
Act; any
investment company registered under the Investment
Company Act of 1940 or a
business development company as defined in Section 2(a)(48) of the 1933
Act; any
Small Business Investment Company licensed by the U.S. Small Business
Administration under Section 301(c) or (d) of the Small
Business Act of 1958; any
plan established and maintained by a state, its political subdivisions, or any
agency or instrumentality of a state or its political subdivision, for the
benefit of its employees if such plan has total assets in excess of $5,000,000;
and an employee benefit plan within the meaning of Title I of the Employee
Retirement Income Security Act of 1974 if the
investment decision is made by a plan fiduciary, as defined in Section 3(21) of
said Act, which is either a bank, savings and loan association, insurance
company, or registered investment advisor, or if the employee benefit plan has
total assets in excess of $5,000,000, or, if a self-directed plan, with
investment decisions made solely by persons that are accredited
investors;

4

 

 ̈  Category
7. Any
trust, with total assets in excess of $5,000,000, not formed for the specific
purpose of acquiring the securities offered, whose purchase is directed by a
sophisticated person as described in Section 230.506(b)(2)(ii) of Regulation D
under the 1933
Act;

 ̈  Category
8. Any
self-directed employee benefit plan with investment decisions made solely by
persons that are accredited investors within the meaning of Rule 501 of
Regulation D promulgated under the 1933
Act;
or

 ̈  Category
9. Any
entity in which all of the equity owners are accredited investors;

3.2          The
Subscriber acknowledges that the Shares are "restricted securities" within the
meaning of the Securities Act and will be issued to the Subscriber in accordance
with an exemption of the registration requirements of the Securities Act
provided by Rule 506 of Regulation D of the Securities Act based on the
representations and warranties of the Subscriber in this Agreement.

3.3          The
Subscriber acknowledges and agrees that the Company will not grant to the
Subscriber any rights to cause the resale or re-offer of the Shares to be
registered pursuant to the 1933 Act, except as set forth in Section 3.6 of this
Agreement.

3.4          The
Subscriber agrees to resell the Shares pursuant to registration under the
Securities Act, or pursuant to an available exemption from registration pursuant
to the Securities Act.

3.5          The
Subscriber acknowledges and agrees that all certificates representing the Shares
will be "restricted securities" under the 1933 Act and will be endorsed with the
following legend in accordance with Regulation D of the Act or such similar
legend as deemed advisable by the lawyers for the Subscriber to ensure
compliance with the 1933 Act:

"THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933 (THE "ACT"), AND HAVE BEEN OFFERED AND SOLD IN RELIANCE
UPON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE ACT. SUCH SECURITIES
MAY NOT BE REOFFERED FOR SALE OR RESOLD OR OTHERWISE TRANSFERRED UNLESS THEY ARE
REGISTERED UNDER THE APPLICABLE PROVISIONS OF THE ACT OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
ACT."

3.6          The
Company agrees that if the Company proposes to register (including a
registration effected by the Company for shareholders other than the subscribers
for the Offering) certain Common Stock under the Securities Act in connection
with a public offering of such securities solely for cash (other than a
registration relating solely for the sale of securities to participants in a
Company stock plan or a registration on Form S-4 promulgated under the
Securities Act or any successor or similar form registering stock issuable upon
a reclassification, upon a business combination involving an exchange of
securities or upon an exchange offer for securities of the issuer or another
entity), then the Company shall, at such time, promptly give the Subscriber
written notice of such registration (a "Piggyback Registration Statement"). Upon
receipt of the faxed written request of each Holder, within ten (10) days after
mailing of such notice by the Company, the Company shall cause to be included in
such registration statement under the Securities Act, all of the shares
purchased by the Subscriber pursuant to this Offering that the Subscriber has
requested be registered, (the "Piggyback Securities") to the extent that such
inclusion does not violate the registration rights of any other security holder
of the Company granted prior to the date hereof; provided, however, that nothing
herein shall prevent the Company from withdrawing or abandoning such
registration statement prior to its effectiveness. In the case of a Piggyback
Registration Statement pursuant to an underwritten public offering by the
Company, if the managing underwriter determines that the inclusion of the
Piggyback Securities in the related Piggyback Registration Statement of all
proposed securities to be registered would interfere with the successful
marketing of the securities proposed to be registered by the Company, then the
number of Piggyback Securities to be registered and included in such Piggyback
Registration Statement, to the extent any Piggyback Securities to be registered
may be included in such Piggyback Registration Statement, shall be allocated
among all subscribers to this Offering who had requested piggyback registration
pursuant to the terms of the Offering and their respective subscription
agreements. If required by the managing underwriter of such an underwritten
public offering, the Subscriber shall enter into an agreement limiting the
number of Piggyback Securities to be registered and included in such Piggyback
Registration Statement and the terms, if any, regarding the future sale of
Piggyback Securities to be registered.

5

 

	
      4.
	
      REPRESENTATIONS
      AND WARRANTIES OF THE SUBSCRIBER

The
Subscriber, represents and warrants to the Company as follows, and acknowledges
that the Company is relying upon such covenants, representations and warranties
in connection with the sale of the Units to such Subscriber:

4.1          The
Subscriber is an investor in securities of companies in the development stage
and acknowledges that it is able to fend for itself, can bear the economic risk
of its investment, and has such knowledge and experience in financial or
business matters such that it is capable of evaluating the merits and risks of
the investment in the Units. The Subscriber can bear the economic risk of this
investment, and was not organized for the purpose of acquiring the
Units.

4.2          The
Subscriber believes it has received all the information it considers necessary
or appropriate for deciding whether to purchase the Units, including a copy of
the Company's Private Placement Memorandum dated November 6, 2003. The
Subscriber has had full opportunity to review the Company's filings with the SEC
pursuant to the Securities Exchange Act of 1934, including the Company's annual
reports on Form 10-KSB and quarterly reports on Form 10-QSB, and additional
information regarding the business and financial condition of the Company. The
Subscriber believes it has received all the information it considers necessary
or appropriate for deciding whether to purchase the Units. The Subscriber
further represents that it has had an opportunity to ask questions and receive
answers from the Company regarding the terms and conditions of the Offering and
the business, properties, prospects and financial condition of the Company. The
Subscriber has had full opportunity to discuss this information with the
Subscriber's legal and financial advisers prior to execution of this
Agreement.

4.3.          The
Subscriber acknowledges that the offering of the Units by the Company has not
been reviewed by the SEC and that the Units are being issued by the Company
pursuant to an exemption from registration under the Securities
Act.

4.4          The
Subscribers understands that the Units it is purchasing are characterized as
"restricted securities" under the Securities Act inasmuch as they are being
acquired from the Company in a transaction not involving a public offering and
that under such laws and applicable regulations such securities may be resold
without registration under the Securities Act only in certain limited
circumstances. In this connection, the Subscriber represents that it is familiar
with SEC Rule 144, as presently in effect, and understands the resale
limitations imposed thereby and by the Securities Act.

4.5          The Units
will be acquired by the Subscriber for investment for the Subscriber's own
account, not as a nominee or agent, and not with a view to the resale or
distribution of any part thereof, and that the Subscriber has no present
intention of selling, granting any participation in, or otherwise distributing
the same. The Subscriber does not have any contract, undertaking, agreement or
arrangement with any person to sell, transfer or grant participations to such
person or to any third person, with respect to any of the
Units.

6

4.6          An
investment in the Company is highly speculative and only Subscribers who can
afford the loss of their entire investment should consider investing in the
Company and the Units. The
Subscriber is financially able to bear the economic risks of an investment in
the Company.

4.7          The
Subscriber recognizes that the purchase of the Units involves a high degree of
risk in that the Company is in the early stages of development of its business
and may require substantial funds in addition to the proceeds of this private
placement.

4.8          The
Subscriber is not aware of any advertisement of the Units.

4.9          This
Agreement has been duly authorized, validly executed and delivered by the
Subscriber.

4.10        The
Subscriber has satisfied himself or herself as to the full observance of the
laws of his or her jurisdiction in connection with any invitation to subscribe
for the Units or any use of this Agreement, including (i) the legal requirements
within his jurisdiction for the purchase of the Units; (ii) any foreign exchange
restrictions applicable to such purchase; (iii) any governmental or other
consents that may need to be obtained; (iv) the income tax and other tax
consequences, if any, that may be relevant to an investment in the Units; and
(v) any restrictions on transfer applicable to any disposition of the Units
imposed by the jurisdiction in which the Subscriber is resident.

	
      5.
	
      BRITISH
      COLUMBIA MATTERS

5.1          The
Subscriber represents and warrants to the Company that the Subscriber is an
"Accredited Investor" as defined by Subsection 1.1 of Multilateral Instrument
45-103 adopted by the British Columbia Securities Commission and as outlined in
Schedule A attached to this Subscription Agreement.

5.2          The
Subscriber represents and warrants to the Company that the Subscriber is not a
resident of British Columbia.

5.3          The
Subscriber acknowledges that the Shares, the Warrants and the Warrant Shares may
not be sold or otherwise disposed of for value in British Columbia, except
pursuant to either a prospectus or statutory exemption available only in
specific and limited circumstances. 

	
      6.
	
      MISCELLANEOUS

6.1          Any
notice or other communication given hereunder shall be deemed sufficient if in
writing and sent by registered or certified mail, return receipt requested,
addressed to the Company, at its head office at 750 Terminal Avenue, Suite 208,
Vancouver, BC V6A 2M5, Attention: Mr. Evan Baergen, President, and to the
Subscriber at his/her address indicated on the last page of this Subscription
Agreement. Notices shall be deemed to have been given on the date of mailing,
except notices of change of address, which shall be deemed to have been given
when received.

6.2          The
parties agree to execute and deliver all such further documents, agreements and
instruments and take such other and further action as may be necessary or
appropriate to carry out the purposes and intent of this Subscription
Agreement.

7

6.3          This
Agreement will be governed by and construed in accordance with the laws of the
Province of British Columbia applicable to contracts made and to be performed
therein. The parties hereby submit to personal jurisdiction in the Courts of the
Province of British Columbia for the enforcement of this Agreement and waive any
and all rights under the laws of any state to object to jurisdiction within the
Province of British Columbia for the purposes of litigation to enforce this
Agreement.

IN
WITNESS WHEREOF, this
Subscription Agreement is executed as of the day and year first written
above.

	
       

      Number
      of Units Subscribed For: 
	
       

      182,000
      Units

	 	 
	
       

      Signature
      of Subscriber:
	 
	
       

      Name
      of Subscriber:
	
      Fiserv
      Securities Cust FBO William K. Walker SDIRA

	
       

      Address
      of Subscriber:
	
      20
      Blue Water Circle

	 	
       

      Holiday
      Island, AR 72631

	 	
       

       

ACCEPTED
BY:

HOUSE
OF BRUSSELS CHOCOLATES INC.

	
      Signature
      of Authorized Signatory:
	 /s/ L. Evan Baergen
	 	 
	
      Name
      of Authorized Signatory:
	
      L.
      Evan Baergen

	 	 
	
      Position
      of Authorized Signatory:
	
      Director
      & President

	
       

      Date
      of Acceptance:
	 

 

8

SCHEDULE
A

BRITISH
COLUMBIA DEFINITION OF "ACCREDITED INVESTOR"

"Accredited
Investor"
means:

	
      (a)
	
      a
      Canadian financial institution, or an authorized foreign bank listed in
      Schedule III of the Bank Act (Canada);

	
      (b)
	
      the
      Business Development Bank of Canada incorporated under the Business
      Development Bank of Canada Act (Canada);

	
      (c)
	
      an
      association under the Cooperative Credit Associations Act (Canada) located
      in Canada;

	
      (d)
	
      a
      subsidiary of any person or company referred to in paragraphs (a) to (c),
      where the person or company owns all of the voting securities of the
      subsidiary, except the voting securities required by law to be owned by
      directors of that subsidiary;

	
      (e)
	
      a
      person or company registered under the securities legislation, or under
      the securities legislation of another jurisdiction of Canada, as an
      adviser or dealer, other than a limited market dealer registered under the
      Securities Act (Ontario);

	
      (f)
	
      an
      individual registered or formerly registered under the securities
      legislation, or under the securities legislation of another jurisdiction
      of Canada, as a representative of a person or company referred to in
      paragraph (e);

	
      (g)
	
      the
      government of Canada or a province, or any crown corporation or agency of
      the government of Canada or a province;

	
      (h)
	
      a
      municipality, public board or commission in
Canada;

	
      (i)
	
      any
      national, federal, state, provincial, territorial or municipal government
      of or in any foreign jurisdiction, or any agency of that
      government;

	
      (j)
	
      a
      pension fund that is regulated by either the Office of the Superintendent
      of financial Institutions (Canada) or a provincial pension commission or
      similar regulatory authority;

	
      (k)
	
      a
      registered charity under the Income Tax Act
(Canada);

	
      (l)
	
      an
      individual who, either alone or jointly with a spouse, beneficially owns,
      directly or indirectly, financial assets having an aggregate realizable
      value that before taxes, but net of any related liabilities, exceeds
      C$1,000,000;

	
      (m)
	
      an
      individual whose net income before taxes exceeded C$200,000 in each of the
      two most recent years or whose net income before taxes combined with that
      of a spouse exceeded $300,000 in each of the two most recent years and the
      current year;

	
      (n)
	
      a
      corporation, limited partnership, limited liability partnership, trust or
      estate, other than a mutual fund or non-redeemable investment fund, that
      had net assets of at least C$5,000,000 as shown on its most recently
      prepared financial statements;

	
      (o)
	
      a
      mutual fund or non-redeemable investment fund that, in the local
      jurisdiction, distributes its securities only to persons or companies that
      are accredited investors;

	
      (p)
	
      a
      mutual fund or non-redeemable investment fund that, in the local
      jurisdiction, distributes its securities under a prospectus for which the
      regulator has issued a receipt;

	
      (q)
	
      an
      entity organized in a foreign jurisdiction that is analogous to any of the
      entities referred to in paragraphs (a) through (e) and paragraph (j) in
      form and function; or

	
      (r)
	
      a
      person or company in respect of which all of the owners of interests,
      direct or indirect, legal or beneficial, are persons or companies that are
      accredited investors.

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