Document:

REGULATION
D SUBSCRIPTION AGREEMENT

AND INVESTMENT REPRESENTATION

SECTION 1

          1.1          Subscription.

                         (a)          The
undersigned, intending to be legally bound, hereby irrevocably subscribes for
and agrees to purchase _________ shares (the “Shares”) of the common stock (the
“Common Stock”) of Map
Financial Group, Inc., a Nevada corporation (the “Company”) in a
transaction exempt from the registration requirements of the Securities Act of
1933, as amended (the “Securities Act”). The undersigned understands that the
Shares are being sold in connection with an offering by the Company of a
maximum of up to 10,000,000 shares at $0.001 per share (the “Offering”).

          1.2          Purchase
of Shares.

          The
undersigned understands and acknowledges that the purchase price to be remitted
to the Company in exchange for the Shares shall be _______________________
dollars ($___________________). The undersigned further understands and
acknowledges that this subscription is irrevocable.

          1.3          Acceptance
or Rejection of Subscription.

                         Payment
has been made simultaneous herewith by either (i) wire transfer as set forth
below or (ii) by check payable to Map Financial Group, Inc., in full payment of the shares of common
stock subscribed for (the “Subscription Payment”). The wire transfer
instructions are as follows:

	
 

	
 

	

	
 

	
 

	
 

	

	
 

	
 

	
 

	

	
 

If the undersigned has paid by check, the undersigned
has sent a check by overnight mail to: 

	
 

	
 

	

	
 

	
 

	
 

	

	
 

	
 

	
 

	

	
 

The undersigned agrees that subject to the conditions set forth herein,
the Company will accept subscriptions and payments therefor as they are
received. The undersigned further understands that the Company will notify the
undersigned as to whether its subscription has been accepted in whole or in
part as reasonably promptly as possible. If the Company accepts all or a
portion of the undersigned’s subscription, the undersigned agrees that this

Agreement shall become effective with respect to the Company and the
undersigned, and the Company will promptly deliver to the undersigned an
executed copy of this Agreement and a share certificate representing the Shares. The
undersigned acknowledges that the Corporation may terminate this offering at any
time. 

          In
the event the sale of the Shares subscribed for by the undersigned is not
consummated by the Company for any reason (in which event this Agreement shall
be deemed to be rejected), this Agreement and any other agreement entered into between
the undersigned and the Company relating to this subscription shall thereafter
have no force or effect and the Company shall promptly return or cause to be
returned to the undersigned the purchase price remitted to the Company by the
undersigned, without interest thereon or deduction therefrom, in exchange for
the Shares.

SECTION 2

          Closing.
The closing (the “Closing”) of the purchase and sale of the Shares, shall
occur simultaneously with the acceptance by the Company of the undersigned’s subscription,
as evidenced by the Company’s execution of this Subscription Agreement. 

SECTION 3

          3.1          Investor
Representations and Warranties. The undersigned hereby acknowledges,
represents and warrants to, and agrees with, the Company and its affiliates as
follows:

          (a)          Investment
Purposes. The undersigned is acquiring the Shares for his own account as
principal, not as a nominee or agent, for investment purposes only, and not
with a view to, or for, resale, distribution or fractionalization thereof in
whole or in part in any transactions that would be in violation of the
Securities Act or any state securities or “blue-sky” laws. No other person has
a direct or indirect beneficial interest in, and the undersigned 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, the Shares or any part of the Shares for which the undersigned is
subscribing that would be in violation of the Securities Act or any state
securities or “blue-sky” laws.

          (b)          Authority.
The undersigned has full power and authority to enter into this Agreement, the
execution and delivery of this Agreement has been duly authorized, if
applicable, and this Agreement constitutes a valid and legally binding
obligation of the undersigned. 

          (c)          No
General Solicitation. The undersigned is not subscribing for the Shares as
a result of or subsequent to any advertisement, article, notice or other
communication published in any newspaper, magazine or similar media or
broadcast over television or radio; or presented at any seminar or similar
gathering; or any solicitation of a

subscription by a person, other than Company
personnel, previously not known to the undersigned.

          (d)          No
Obligation to Register Shares. The undersigned understands that the Company
is under no obligation to register the Shares under the Securities Act, or to
assist the undersigned in complying with the Securities Act or the securities
laws of any state of the United States or of any foreign jurisdiction other
than as expressly provided herein. 

          (e)          Investment
Experience. The undersigned, or the undersigned’s professional advisors,
has such knowledge and experience in finance, securities, taxation, investments
and other business matters as to evaluate investments of the kind described in
this Agreement. By reason of the business and financial experience of the
undersigned or his professional advisors (who are not affiliated with or
compensated in any way by the Company or any of its affiliates or selling
agents), the undersigned or his advisors can protect his own interests in
connection with the transactions described in this Agreement. The undersigned
is able to afford the loss of his entire investment in the Shares.

          (f)          Exemption
from Registration. The undersigned acknowledges his understanding that the
offering and sale of the Shares is intended to be exempt from registration
under the Securities Act. In furtherance thereof, in addition to the other
representations and warranties of the undersigned made herein, the undersigned
further represents and warrants to and agrees with the Company and its
affiliates as follows:

                         (1)          The
undersigned has the financial ability to bear the economic risk of his
investment, has adequate means for providing for his current needs and personal
contingencies and has no need for liquidity with respect to his investment in
the Company; and

                         (2)          The
undersigned has such knowledge and experience in financial and business matters
as to be capable of evaluating the merits and risks of the prospective
investment in the Shares. The undersigned also represents it has not been
organized for the purpose of acquiring the Shares; and

                         (3)          The
undersigned has been provided an opportunity for a reasonable period of time
prior to the date hereof to obtain additional information concerning the
offering of the Shares, the Company and all other information to the extent the
Company possesses such information or can acquire it without unreasonable
effort or expense.

                         (4)          The
undersigned understands that the Shares are not being registered under the
Securities Act, or the securities laws of any state in reliance upon exemptions
therefrom for private offerings. The undersigned understands that the Shares
must be held indefinitely unless the sale thereof is subsequently registered
under the Securities Act and applicable state securities laws or exemptions
from such registration are available. All certificates evidencing the
undersigned Shares will bear a legend

stating that the Shares have not been registered under
the Securities Act or state securities laws and they may not be resold unless
they are registered under the Securities Act and applicable state securities
laws or exempt therefrom.

          (g)          Economic
Considerations. The undersigned is not relying on the Company, or its
affiliates or agents with respect to economic considerations involved in this
investment. The undersigned has relied solely on its own advisors.

          (h)          No
Other Company Representations. No representations or warranties have been
made to the undersigned by the Company, or any officer, employee, agent,
affiliate or subsidiary of the Company, other than the representations of the
Company contained herein, and in subscribing for Shares the undersigned is not
relying upon any representations other than those contained herein. 

          (i)           Accredited
Investor. The undersigned is an “Accredited Investor” as that term is
defined in Rule 501(a) of Regulation D promulgated under the Securities Act,
and as specifically indicated in Exhibit A to this Agreement. 

          (j)           State
Residency. The undersigned’s principal residence (if subscriber is an
individual) or principal business address, as applicable, is in the State
of [New York], and the undersigned has no present intention to move such
residence or principal business address, as applicable, from such State.

          (k)          Legend.
Each certificate representing the Shares shall be endorsed with the following
legend, in addition to any other legend required to be placed thereon by
applicable federal or state securities laws:

	
 

	
 

	
 

	
 

	
“THE SECURITIES
 REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
 ACT OF 1933 AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH
 REGISTRATION OR WITHOUT AN EXEMPTION THEREFROM OR AN OPINION OF COUNSEL IN A
 FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER
 THE SECURITIES ACT OF 1933.” 

	
 

          The
undersigned consents to the Company making a notation on its records or giving
instructions to any transfer agent of the Company in order to implement the
restrictions on transfer of the Shares set forth in this Section.

          (l)          Potential
Loss of Investment; Risk Factors. The undersigned understands that an
investment in the Shares is a speculative investment which involves a high
degree of risk and the potential loss of his entire investment. The undersigned has received
and reviewed the Confidential Private Placement Memorandum, including the
non-exclusive list of risk factors contained therein, and has also considered
the uncertainties and difficulties frequently encountered by companies, such as
the Company, in their early

stages of development. The undersigned understands and
acknowledges that as a result thereof, he may lose his entire investment in the
Company.

          (m)          Investment
Commitment. The undersigned’s overall commitment to investments which are
not readily marketable is not disproportionate to the undersigned’s net worth,
and an investment in the Shares will not cause such overall commitment to
become excessive.

          (n)          Receipt
of Information. The undersigned has received all documents, records, books
and other information pertaining to the undersigned’s investment in the Company
that has been requested by the undersigned. 

          (o)          No
Reliance. Other than as set forth herein, the undersigned is not relying
upon any other information, representation or warranty by the Company or any
officer, director, stockholder, agent or representative of the Company in
determining to invest in the Shares. The undersigned has consulted, to the
extent deemed appropriate by the undersigned, with the undersigned’s own
advisers as to the financial, tax, legal and related matters concerning an
investment in the Shares and on that basis believes that his or its investment
in the Shares is suitable and appropriate for the undersigned.

          (p)          No
Governmental Review. The undersigned is aware that no federal or state
agency has (i) made any finding or determination as to the fairness of this
investment, (ii) made any recommendation or endorsement of the Shares or the
Company, or (iii) guaranteed or insured any investment in the Shares or any
investment made by the Company.

          (q)          Price
of Shares. The undersigned understands that the price of the Shares offered
hereby was determined by the Company without reference to the assets or book
value of the Company. The undersigned further understands that there is a
substantial risk of further dilution of his or its investment in the Company.

SECTION 4

          4.1          Company’s
Representations and Warranties. The Company represents and warrants to the
undersigned as follows:

          (a)          Organization
of the Company. The Company is a corporation duly organized and validly
existing and in good standing under the laws of the State of Nevada.

          (b)          Authority.
(a) The Company has the requisite corporate power and authority to enter into
and perform its obligations under this Agreement and to issue the Shares; (b)
the execution and delivery of this Agreement by the Company and the
consummation by it of the transactions contemplated hereby and thereby have
been duly

authorized by all necessary corporate action and no
further consent or authorization of the Company or its Board of Directors or
stockholders is required; and (c) this Agreement has been duly executed and
delivered by the Company and constitutes a valid and binding obligation of the
Company enforceable against the Company in accordance with its terms, except as
such enforceability may be limited by applicable bankruptcy, insolvency, or
similar laws relating to, or affecting generally the enforcement of, creditors’
rights and remedies or by other equitable principles of general application.

          (c)          Exemption
from Registration; Valid Issuances. The sale and issuance of the Shares, in
accordance with the terms and on the bases of the representations and
warranties of the undersigned set forth herein, may and shall be properly
issued by the Company to the undersigned pursuant to any applicable federal
law. When issued and paid for as herein provided, the Shares shall be duly and
validly issued, fully paid, and nonassessable. Neither the sales of the Shares
pursuant to, nor the Company’s performance of its obligations under, this
Agreement shall result in the creation or imposition of any liens, charges,
claims or other encumbrances upon the Shares or any of the assets of the
Company. The Shares shall not subject the undersigned to personal liability by
reason of the ownership thereof. 

          (d)          No
General Solicitation or Advertising in Regard to this Transaction. Neither
the Company nor any of its affiliates nor any person acting on its or their
behalf (a) has conducted or will conduct any general solicitation (as that term
is used in Rule 502(c) of Regulation D) or general advertising with respect to
any of the Shares, or (b) made any offers or sales of any security or solicited
any offers to buy any security under any circumstances that would require
registration of the Common Stock under the Securities Act.

SECTION 5

          5.1          Indemnity.
The undersigned agrees to indemnify and hold harmless the Company, its officers
and directors, employees and its affiliates and their respective successors and
assigns and each other person, if any, who controls any thereof, against any
loss, liability, claim, damage and expense whatsoever (including, but not
limited to, any and all expenses whatsoever reasonably incurred in
investigating, preparing or defending against any litigation commenced or
threatened or any claim whatsoever) arising out of or based upon any false
representation or warranty or breach or failure by the undersigned to comply
with any covenant or agreement made by the undersigned herein or in any other
document furnished by the undersigned to any of the foregoing in connection
with this transaction.

          5.2          Modification.
Neither this Agreement nor any provisions hereof shall be modified, discharged
or terminated except by an instrument in writing signed by the party against
whom any waiver, change, discharge or termination is sought.

          5.3          Notices.
Any notice, demand or other communication which any party hereto may be
required, or may elect, to give to anyone interested hereunder shall be
sufficiently given if (a) deposited, postage prepaid, in a United States mail
letter box, registered or certified mail, return receipt requested, addressed
to such address as may be given herein, (b) delivered personally at such
address, (c) upon the expiration of twenty four (24) hours after transmission,
if sent by facsimile if a confirmation of transmission is produced by the
sending machine (and a copy of each facsimile promptly shall be sent by
ordinary mail), (d) upon the expiration of twenty four (24) hours after
transmission, if sent by email if a confirmation of transmission is produced by
the sending computer (and a copy of each email transmission promptly shall be
sent by ordinary mail) or (e) on the third business day, if sent by overnight
recognized courier, in each case to the parties at their respective addresses
set forth below their signatures to this Agreement (or at such other address
for a party as shall be specified by like notice; provided that the notices of
a change of address shall be effective only upon receipt thereof). 

          5.4          Counterparts.
This Agreement may be executed through the use of separate signature pages or
in any number of counterparts and by facsimile, and each of such counterparts
shall, for all purposes, constitute one agreement binding on all parties,
notwithstanding that all parties are not signatories to the same counterpart.
Signatures may be facsimiles.

          5.5          Binding
Effect. Except as otherwise provided herein, this Agreement shall be
binding upon and inure to the benefit of the parties and their heirs,
executors, administrators, successors, legal representatives and assigns. If
the undersigned is more than one person, the obligation of the undersigned
shall be joint and several and the agreements, representations, warranties and
acknowledgments herein contained shall be deemed to be made by and be binding
upon each such person and his heirs, executors, administrators and successors.

          5.6          Entire
Agreement. This Agreement and the documents referenced herein contain the
entire agreement of the parties and there are no representations, covenants or
other agreements except as stated or referred to herein and therein.

          5.7          Assignability.
This Agreement is not transferable or assignable by the undersigned.

          5.8          Applicable
Law; Arbitration; Jurisdiction. This Agreement shall be governed by and
construed in accordance with the laws of the State of New York, without giving
effect to conflicts of law principles. Any dispute between or, action or
proceeding against any of the parties hereto under, arising out of or in any
manner relating to, this Agreement and the transactions contemplated herein
shall be submitted to and adjudicated by binding arbitration under the rules of
the American Arbitration Association (“AAA”). Such arbitration shall be in New
York, New York. If there is any litigation regarding the arbitration or
otherwise relating to this section 5.8, the parties hereto irrevocably consent
to the jurisdiction of the courts of the State of New York and

of any federal court located in such State in
connection with any action or proceeding arising out of or relating to this
Agreement, any document or instrument delivered pursuant to, in connection with
or simultaneously with this Agreement, or a breach of this Agreement or any
such document or instrument. In any such action or proceeding, each party
hereto waives personal service of any summons, complaint or other process and
agrees that service thereof may be made in accordance with Section 5.3. Within
30 days after such service, or such other time as may be mutually agreed upon
in writing by the attorneys for the parties to such action or proceeding, the
party so served shall appear or answer such summons, complaint or other process.
EACH
PARTY HERETO WAIVES TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING ARISING OUT
OF THIS AGREEMENT OR ANY BREACH OR ALLEGED BREACH HEREOF.

          5.9          Pronouns.
The use herein of the masculine pronouns “him” or “his” or similar terms shall
be deemed to include the feminine and neuter genders as well and the use herein
of the singular pronoun shall be deemed to include the plural as well.

          5.10        Further
Assurances. Upon request from time to time, the undersigned shall execute and
deliver all documents and do all other acts that may be necessary or desirable,
in the reasonable opinion of the Company or its counsel, to effect the
subscription for the Shares in accordance herewith.

SIGNATURE
PAGE

                    IN
WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the day and year this subscription has been accepted by the
Company as set forth below.

	
 

	
 

	
 

	
 

	
Number of Shares

	
 

	
 

	
Subscribed For:

	
 

	
Print Name of Subscriber

	
 

	
 

	
 

	

	
 

	

	
 

	
 

	
 

	
 

	
 

	
By: 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
(Signature of Subscriber or

	
 

	
 

	
 

	
Authorized
 Signatory)

	
 

	
 

	
 

	
 

	
 

	
Address:

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
Telephone:

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
Fax:

	
 

	
 

	

	
 

	
 

	
 

	

	
 

	
 

	
Social Security Number or other

	
 

	
 

	
Taxpayer Identification Number

	
 

	
 

If the Shares will be held as joint tenants, tenants
in common, or community property, please complete the following:

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Print name of spouse or other co-subscriber

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Signature of spouse or other co-subscriber

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Print manner in which Shares will be held

	
 

	
 

	
 

	

	
 

	
 

	
Social Security Number or other

	
 

	
 

	
Taxpayer Identification Number

	
 

	
 

	
 

	
If the Shares have been purchased through a broker
 or other intermediary, please identify such entity:

	
 

	

ACCEPTANCE
OF SUBSCRIPTION

	
 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Name of Subscriber

	
 

	
 

	
 

	
ACCEPTED BY:

	
 

	
 

	
 

	
 

	
 

	
MAP FINANCIAL GROUP, INC.

	
 

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
 

	
 

	
Name:

	
 

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
 

	
 

	
Date: _______________________, 2008

	
 

	
 

	
 

	
 

	
 

	
Accepted for _________________ Number of Shares

	
 

	
 

Exhibit
A

ACCREDITED
INVESTOR STATUS

                    The
undersigned subscriber represents that it is an Accredited Investor on the
basis that it is (check one): 

          _____(i)
A bank as defined in Section 3(a)(2) of the Act, or a savings and loan
association or other institution as defined in Section 3(a)(5)(A) of the Act,
whether acting in its individual or fiduciary capacity; a broker or dealer
registered pursuant to Section 15 of the Securities Exchange Act of 1934; an
insurance company as defined in Section 2(13) of the Act; an investment company
registered under the Investment Company Act of 1940 (the “Investment Company
Act”) or a business development company as defined in Section 2(a)(48) of the
Investment Company Act; a Small Business Investment Company licensed by the
U.S. Small Business Administration under Section 301(c) or (d) of the Small
Business Investment Act of 1958; a plan established and maintained by a state,
its political subdivisions or any agency or instrumentality of a state or its
political subdivisions for the benefit of its employees, if such plan has total
assets in excess of $5,000,000; an employee benefit plan within the meaning of
the Employee Retirement Income Security Act of 1974 (“ERISA”), if the
investment decision is made by a plan fiduciary, as defined in Section 3(21) of
ERISA, which is either a bank, savings and loan association, insurance company,
or registered investment 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.

          _____(ii)
A private business development company as defined in Section 202(a)(22) of the
Investment Advisers Act of 1940.

          _____(iii)
An 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.

          _____(iv)
A director or executive officer of the Company.

          _____(v)
A 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.

          _____(vi)
A natural person who had an individual income in excess of $200,000 in each of
the two most recent years or joint income with that person’s spouse in excess
of $300,000 in each of those years and has a reasonable expectation of reaching
the same income level in the current year.

          _____(vii)
A 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 Rule 506(b)(2)(ii) (i.e., a person who has
such knowledge and experience in financial and business matters that he is
capable of evaluating the merits and risks of the prospective investment).

          _____(viii)
An entity in which all of the equity owners are accredited investors. (If this
alternative is checked, the Subscriber must identify each equity owner and provide
statements signed by each demonstrating how each is qualified as an accredited
investor. Further, the Subscriber represents that it has made such
investigation as is reasonably necessary in order to verify the accuracy of
this alternative.)To:

	
Map Financial Group, Inc. 

	
 

	
460 West 34th
  Street, 10th Floor 

	
 

	
New York, NY
  10001 

REGULATION S SUBSCRIPTION AGREEMENT

AND INVESTMENT REPRESENTATION

SECTION 1

1.1     Subscription.

          (a)          The
undersigned, intending to be legally bound, hereby irrevocably subscribes for
and agrees to purchase ____________ shares (the “Shares”) of the common stock
(the “Common Stock”) of Map Financial Group, Inc., a Nevada corporation (the
“Company”), in a transaction exempt from the registration requirements of the
Securities Act of 1933, as amended (the “Securities Act”). The undersigned
understands that the Shares are being sold in connection with an offering by
the Company of an aggregate of up to 10,000,000 shares of Common Stock for total
proceeds of up to $10,000. 

1.2
     Purchase of
Shares. 

          The
undersigned understands and acknowledges that the purchase price to be remitted
to the Company in exchange for the Shares shall be ____________ dollars
($______) or $0.001 per Share. The Company shall deliver the Shares to the
undersigned promptly after the acceptance of this Subscription Agreement by the
Company. 

1.3     Acceptance
or Rejection. 

          (a)          The
undersigned understands and agrees that the Company reserves the right to
reject this subscription for the Shares if, in its reasonable judgment, it
deems such action in the best interest of the Company, at any time prior to the
Closing, notwithstanding prior receipt by the undersigned of notice of acceptance
of the undersigned’s subscription. 

          (b)          The
undersigned understands and agrees that its subscription for the Shares is
irrevocable. 

          (c)          In
the event the sale of the Shares subscribed for by the undersigned is not consummated
by the Company for any reason (in which event this Subscription Agreement shall
be deemed to be rejected), this Subscription Agreement and any other agreement
entered into between the undersigned and the Company relating to this
subscription shall thereafter have no force or effect and the Company shall
promptly return or cause to be returned to the undersigned

the purchase price
remitted to the Company by the undersigned, without interest thereon or
deduction therefrom, in exchange for the Shares. 

SECTION 2

2.1     Closing.
The closing (the “Closing”) of the purchase and sale of the Shares, shall occur
simultaneously with the acceptance by the Company of the undersigned’s
subscription, as evidenced by the Company’s execution of this Subscription
Agreement. 

SECTION 3

3.1     Investor
Representations and Warranties. The undersigned hereby acknowledges,
represents and warrants to, and agrees with, the Company and its affiliates as
follows: 

          (a)          Investment
Purposes. The undersigned is acquiring the Shares for the undersigned’s own
account as principal, not as a nominee or agent, for investment purposes only,
and not with a view to, or for, resale, distribution or fractionalization
thereof in whole or in part and no other person has a direct or indirect
beneficial interest in such Shares or any portion thereof. Further, the
undersigned 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 the Shares for which the undersigned is
subscribing or any part of the Shares. 

          (b)          Authority.
The undersigned has full power and authority to enter into this Agreement, the
execution and delivery of this Agreement has been duly authorized, if
applicable, and this Agreement constitutes a valid and legally binding
obligation of the undersigned. 

          (c)          No
General Solicitation. The undersigned is not subscribing for the Shares as
a result of or subsequent to any advertisement, article, notice or other
communication published in any newspaper, magazine or similar media or
broadcast over television or radio, or presented at any seminar or meeting, or
any solicitation of a subscription by person previously not known to the
undersigned in connection with investment securities generally. 

          (d)          No
Obligation to Register Shares. The undersigned understands that the Company
is under no obligation to register the Shares under the Securities Act, or to
assist the undersigned in complying with the Securities Act or the securities
laws of any state of the United States or of any foreign jurisdiction. 

          (e)          Investment
Experience. The undersigned is (i) experienced in making investments of the
kind described in this Agreement, (ii) able, by reason of the business and
financial experience of its officers (if an entity) and professional advisors
(who are not affiliated with or compensated in any way by the Company or any of
its affiliates or selling agents), to protect its own interests in connection
with the transactions described in this Agreement, and (iii) able to afford the
entire loss of its investment in the Shares. 

          (f)          Exemption
from Registration. The undersigned acknowledges the undersigned’s
understanding that the offering and sale of the Shares is intended to be exempt
from registration under the Securities Act. In furtherance thereof, in
addition to the
other representations and warranties of the undersigned made herein, the
undersigned further represents and warrants to and agrees with the Company and
its affiliates as follows: 

                        (1)          The
undersigned realizes that the basis for the exemption may not be present if,
notwithstanding such representations, the undersigned has in mind merely
acquiring the Shares for a fixed or determinable period in the future, or for a
market rise, or for sale if the market does not rise. The undersigned does not
have any such intention; 

                        (2)          The
undersigned has the financial ability to bear the economic risk of the
undersigned’s investment, has adequate means for providing for the
undersigned’s current needs and personal contingencies and has no need for
liquidity with respect to the undersigned’s investment in the Company; and 

                        (3)          The
undersigned has such knowledge and experience in financial and business matters
as to be capable of evaluating the merits and risks of the prospective
investment in the Shares. The undersigned also represents it has not been
organized for the purpose of acquiring the Shares; and 

                        (4)          The
undersigned has been provided an opportunity for a reasonable period of time
prior to the date hereof to obtain additional information concerning the
offering of the Shares, the Company and all other information to the extent the
Company possesses such information or can acquire it without unreasonable
effort or expense. 

          (g)          Economic
Considerations. The undersigned is not relying on the Company, or its
affiliates or agents with respect to economic considerations involved in this
investment. The undersigned has relied solely on its own advisors. 

          (h)          No
Other Company Representations. No representations or warranties have been
made to the undersigned by the Company, or any officer, employee, agent,
affiliate or subsidiary of the Company, other than the representations of the
Company contained herein, and in subscribing for Shares the undersigned is not
relying upon any representations other than those contained herein. 

          (i)          Compliance
with Laws. Any resale of the Shares during the ‘distribution compliance
period’ as defined in Rule 902(f) to Regulation S shall only be made in
compliance with exemptions from registration afforded by Regulation S. Further,
any such sale of the Shares in any jurisdiction outside of the United States
will be made in compliance with the securities laws of such jurisdiction. The
Investor will not offer to sell or sell the Shares in any jurisdiction unless
the Investor obtains all required consents, if any. 

          (j)          Regulation
S Exemption. The undersigned understands that the Shares are being offered
and sold to him in reliance on an exemption from the registration requirements
of United States federal and state securities laws under Regulation S
promulgated under the Securities Act and that the Company is relying upon the
truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of the Investor set forth herein in order to
determine the applicability of such exemptions and the
suitability of
the Investor to acquire the Shares. In this regard, the undersigned represents,
warrants and agrees that: 

                        (1)          The
undersigned is not a U.S. Person (as defined below) and is not an affiliate (as
defined in Rule 501(b) under the Securities Act) of the Company and is not
acquiring the Shares for the account or benefit of a U.S. Person. A U.S. Person
means any one of the following: 

                                       (A)          any
natural person resident in the United States of America; 

                                       (B)          any
partnership or corporation organized or incorporated under the laws of the
United States of America; 

                                       (C)          any
estate of which any executor or administrator is a U.S. person; 

                                       (D)          any
trust of which any trustee is a U.S. person; 

                                       (E)          any
agency or branch of a foreign entity located in the United States of America; 

                                       (F)          any
non-discretionary account or similar account (other than an estate or trust)
held by a dealer or other fiduciary for the benefit or account of a U.S.
person; 

                                       (G)          any
discretionary account or similar account (other than an estate or trust) held
by a dealer or other fiduciary organized, incorporated or (if an individual)
resident in the United States of America; and 

                                       (H)          any
partnership or corporation if: 

                                                      (i)
organized or incorporated under the laws of any foreign jurisdiction; and 

                                                     
(ii) formed by a U.S. person principally for the purpose of investing in
securities not registered under the Securities Act, unless it is organized or
incorporated, and owned, by accredited investors (as defined in Rule 501(a) under the Securities Act) who
are not natural persons, estates or trusts. 

                        (2)          At
the time of the origination of contact concerning this Agreement and the date
of the execution and delivery of this Agreement, the undersigned was outside of
the United States. 

                        (3)          The
undersigned will not, during the period commencing on the date of issuance of
the Shares and ending on the first anniversary of such date, or such shorter
period as may be permitted by Regulation S or other applicable securities law
(the “Restricted Period”), offer, sell, pledge or otherwise transfer the Shares
in the United States, or to a U.S. Person for the account or for the benefit of a U.S. Person, or
otherwise in a
manner that is not in compliance with Regulation S. 

                        (4)          The
undersigned will, after expiration of the Restricted Period, offer, sell,
pledge or otherwise transfer the Shares only pursuant to registration under the
Securities Act or an available exemption there from and, in accordance with all
applicable state and foreign securities laws. 

                        (5)          The
undersigned was not in the United States, engaged in, and prior to the
expiration of the Restricted Period will not engage in, any short selling of or
any hedging transaction with respect to the Shares, including without
limitation, any put, call or other option transaction, option writing or equity
swap. 

                        (6)          Neither
the undersigned nor or any person acting on the undersigned’s behalf has
engaged, nor will engage, in any directed selling efforts to a U.S. Person with
respect to the Shares and the Investor and any person acting on the
undersigned’s behalf have complied and will comply with the “offering
restrictions” requirements of Regulation S under the Securities Act. 

                        (7)          The
transactions contemplated by this Agreement have not been pre-arranged with a
buyer located in the United States or with a U.S. Person, and are not part of a
plan or scheme to evade the registration requirements of the Securities Act. 

                        (8)          Neither
the undersigned nor any person acting on the undersigned’s behalf has
undertaken or carried out any activity for the purpose of, or that could
reasonably be expected to have the effect of, conditioning the market in the
United States, its territories or possessions, for any of the Shares. The
undersigned agrees not to cause any advertisement of the Shares to be published
in any newspaper or periodical or posted in any public place and not to issue
any circular relating to the Shares, except such advertisements that include
the statements required by Regulation S under the Securities Act, and only
offshore and not in the U.S. or its territories, and only in compliance with
any local applicable securities laws. 

                        (9)          Each
certificate representing the Shares shall be endorsed with the following
legends, in addition to any other legend required to be placed thereon by
applicable federal or state securities laws: 

                                      (A)          “THE
SECURITIES ARE BEING OFFERED TO INVESTORS WHO ARE NOT U.S. PERSONS (AS DEFINED
IN REGULATION S UNDER THE SECURITIES ACT OF 1933, AS AMENDED (“THE SECURITIES
ACT”)) AND WITHOUT REGISTRATION WITH THE UNITED STATES SECURITIES AND EXCHANGE

COMMISSION UNDER THE SECURITIES ACT IN RELIANCE UPON REGULATION S PROMULGATED
UNDER THE SECURITIES ACT.” 

                                         (B)          “TRANSFER
OF THESE SECURITIES IS PROHIBITED, EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF
REGULATION S, PURSUANT TO REGISTRATION UNDER THE SECURITIES ACT, OR PURSUANT TO
AVAILABLE EXEMPTION FROM REGISTRATION. HEDGING TRANSACTIONS MAY NOT
BE CONDUCTED
UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.” 

                        (10)          The
undersigned consents to the Company making a notation on its records or giving
instructions to any transfer agent of the Company in order to implement the
restrictions on transfer of the Shares set forth in this Section 2. 

          (k)          Accredited
Investor. The undersigned is an “accredited investor” as that term is
defined in Rule 501 of the General Rules and Regulations under the Securities
Act by reason of Rule 501(a)(3). 

          (l)          Potential
Loss of Investment; Risk Factors. The undersigned understands that an
investment in the Shares is a speculative investment which involves a high
degree of risk and the potential loss of the undersigned’s entire investment. The
undersigned understands that the following factors, among others, could cause
the loss of any or all of the undersigned’s investment. 

                        (1)            The
Company is a development stage company with no operating history for the
undersigned to evaluate its business. The Company was incorporated in the State
of Nevada on June 27, 2008, and as a result is only in the very early stages of
development. Because the Company has no operating history, it is difficult to
evaluate its business and future prospects. The undersigned has also considered
the uncertainties and difficulties frequently encountered by companies, such as
the Company, in their early stages of development. The Company’s revenue and
income potential is unproven and its business model is still emerging. If its
business model does not prove to be profitable, the undersigned may lose all of
the undersigned’s investment. 

                        (2)            The
Company currently does not have enough working capital to satisfy its capital
needs. The Company is dependent upon its management team to fund its ongoing
operations, and cannot be certain that future financing will be available to it
on acceptable terms when it needs it. The Company can give no assurances that
it will be able to sell any portion of this offering or that management will
continue to fund its ongoing operations. This, along with the possibility of
other factors and circumstances the Company cannot predict, may require it to
seek additional financing faster than anticipated. If the Company is unable to
obtain financing to meet its needs, the undersigned may lose of the
undersigned’s investment. 

                        (3)            The
Company’s officers and directors will only devote a limited amount of time to
the Company. Their divided interests may hinder the Company’s ability to
generate 

revenue. This could result in missed business opportunities and worse-than-expected
operating results. The undersigned may lose the undersigned’s entire
investment. 

                        (4)            Management
has never operated in the industry in which it intends to operate. This lack of
experience may result in the Company’s needing to employ outside experts that
have such experience. The additional cost could result in a net operating loss
and, ultimately, could result in the Company’s failure. Management’s
inexperience may limit the Company’s ability to generate revenues. The Company
may never achieve
successful operations, and the undersigned may lose the undersigned’s entire
investment. 

          (m)          Investment
Commitment. The undersigned’s overall commitment to investments which are
not readily marketable is not disproportionate to the undersigned’s net worth,
and an investment in the Shares will not cause such overall commitment to
become excessive. 

          (n)          Receipt
of Information. The undersigned has received all documents, records, books
and other information pertaining to the undersigned’s investment in the Company
that has been requested by the undersigned. 

          (o)          Investor
Questionnaire. The undersigned represents and warrants to the Company that
all information that the undersigned has provided to the Company, including,
without limitation, the information in the Investor Questionnaire attached
hereto or previously provided to the Company (the “Investor Questionnaire”), is
correct and complete as of the date hereof. 

          (p)          No
Reliance. Other than as set forth herein, the undersigned is not relying
upon any other information, representation or warranty by the Company or any
officer, director, stockholder, agent or representative of the Company in
determining to invest in the Shares. The undersigned has consulted, to the
extent deemed appropriate by the undersigned, with the undersigned’s own
advisers as to the financial, tax, legal and related matters concerning an
investment in the Shares and on that basis believes that the undersigned’s or
its investment in the Shares is suitable and appropriate for the undersigned. 

          (q)          No
Governmental Review. The undersigned is aware that no federal or state
agency has (i) made any finding or determination as to the fairness of this
investment, (ii) made any recommendation or endorsement of the Shares or the
Company, or (iii) guaranteed or insured any investment in the Shares or any
investment made by the Company. 

          (r)          Price
of Shares. The undersigned understands that the price of the Shares offered
hereby bear no relation to the assets, book value or net worth of the Company
and were determined arbitrarily by the Company. The undersigned further
understands that there is a substantial risk of further dilution on the
undersigned’s or its investment in the Company. 

SECTION 4

4.1      Company’s
Representations and Warranties. The Company represents and warrants to the
undersigned as follows: 

          (a)          Organization
of the Company. The Company is a corporation duly organized and validly
existing and in good standing under the laws of the State of Nevada. 

          (b)          Authority.
(i) The Company has the requisite corporate power and authority to enter into
and perform its obligations under this Agreement and to issue the Shares; (ii)
the execution and delivery of this Agreement by the Company and the
consummation by it of the transactions contemplated hereby and thereby have
been duly authorized by all necessary corporate action and no further consent or authorization
of the Company or its Board of Directors or stockholders is required; and (iii) this Agreement
has been duly executed and delivered by the Company and constitutes a valid and
binding obligation of the Company enforceable against the Company in accordance
with its terms, except as such enforceability may be limited by applicable
bankruptcy, insolvency, or similar laws relating to, or affecting generally the
enforcement of, creditors’ rights and remedies or by other equitable principles
of general application. 

          (c)          Exemption
from Registration; Valid Issuances. The sale and issuance of the Shares, in
accordance with the terms and on the bases of the representations and
warranties of the undersigned set forth herein, may and shall be properly
issued by the Company to the undersigned pursuant to any applicable federal or
state law. When issued and paid for as herein provided, the Shares shall be
duly and validly issued, fully paid, and nonassessable. Neither the sales of
the Shares pursuant to, nor the Company’s performance of its obligations under,
this Agreement shall (i) result in the creation or imposition of any liens,
charges, claims or other encumbrances upon the Shares or any of the assets of
the Company, or (ii) entitle the other holders of the Common Stock of the
Company to preemptive or other rights to subscribe to or acquire the Common
Stock or other securities of the Company. The Shares shall not subject the
undersigned to personal liability by reason of the ownership thereof. 

          (d)          No
General Solicitation or Advertising in Regard to this Transaction. Neither
the Company nor any of its affiliates nor any person acting on its or their
behalf (i) has conducted or will conduct any general solicitation (as that term
is used in Rule 502(c) of Regulation D) or general advertising with respect to
any of the Shares, or (ii) made any offers or sales of any security or
solicited any offers to buy any security under any circumstances that would
require registration of the Common Stock under the Securities Act. 

SECTION 5

5.1      Indemnity.
The undersigned agrees to indemnify and hold harmless the Company, its officers
and directors, employees and its affiliates and their respective successors and
assigns and each other person, if any, who controls any thereof, against any
loss, liability, claim, damage and expense whatsoever (including, but not
limited to, any and all expenses whatsoever reasonably incurred in
investigating, preparing or defending against any litigation commenced or
threatened or any claim whatsoever) arising out of or based upon any false
representation or warranty or breach or failure by the undersigned to comply
with any covenant or agreement made by the  

undersigned herein or in any other
document furnished by the undersigned to any of the foregoing in connection
with this transaction. 

5.2      Modification.
Neither this Agreement nor any provisions hereof shall be modified, discharged
or terminated except by an instrument in writing signed by the party against
whom any waiver, change, discharge or termination is sought. 

5.3      Notices.
Any notice, demand or other communication which any party hereto may be
required, or may elect, to give to anyone interested hereunder shall be
sufficiently given if (a) deposited, postage prepaid, in a United States mail
letter box, registered or certified mail, return receipt requested, addressed to such address as may be
given herein, or
(b) delivered personally at such address. 

5.4      Counterparts.
This Agreement may be executed through the use of separate signature pages or
in any number of counterparts and by facsimile, and each of such counterparts
shall, for all purposes, constitute one agreement binding on all parties,
notwithstanding that all parties are not signatories to the same counterpart.
Signatures may be facsimiles. 

5.5      Binding
Effect. Except as otherwise provided herein, this Agreement shall be
binding upon and inure to the benefit of the parties and their heirs,
executors, administrators, successors, legal representatives and assigns. If
the undersigned is more than one person, the obligation of the undersigned
shall be joint and several and the agreements, representations, warranties and
acknowledgments herein contained shall be deemed to be made by and be binding
upon each such person and such person’s heirs, executors, administrators and
successors. 

5.6      Entire
Agreement. This Agreement and the documents referenced herein contain the
entire agreement of the parties and there are no representations, covenants or
other agreements except as stated or referred to herein and therein. 

5.7      Assignability.
This Agreement is not transferable or assignable by the undersigned. 

5.8      Applicable
Law. This Agreement shall be governed by and construed in accordance with
the laws of the State of New York, without giving effect to conflicts of law
principles. 

5.9      Pronouns.
The use herein of the masculine pronouns “him” or “his” or similar terms shall
be deemed to include the feminine and neuter genders as well and the use herein
of the singular pronoun shall be deemed to include the plural as well. 

5.10      Further
Assurances. Upon request from time to time, the undersigned shall execute
and deliver all documents, take all rightful oaths and do all other acts that
may be necessary or desirable, in the reasonable opinion of the Company or its
counsel, to effect the subscription for the Shares in accordance herewith. 

          IN
WITNESS WHEREOF, the undersigned has executed this Agreement on the ________________ day of
________________, 2008. 

Amount of
Investment: 

$_____________________

INDIVIDUAL
INVESTOR: 

	
 

	
 

	

	
Name: 

	
 

	
PARTNERSHIP,
  CORPORATION, TRUST, 

  CUSTODIAL ACCOUNT, OTHER INVESTOR 

	
 

	

	
(Name of
  Entity)

	
By: 

	
 

	

	
Name: 

	
Title: 

	
Address: 

	
 

	
Taxpayer
  Identification Number: N/A 

ACCEPTANCE OF SUBSCRIPTION

(to be filed out only by the Company)

The Company
hereby accepts the above application for subscription for Shares on behalf of
the Company. 

Dated:
_____________ ___, 2008 

	
 

	
 

	
 

	
 

	
MAP FINANCIAL GROUP, INC.

	
 

	
 

	
 

	
By:

	
 

	
 

	

	
 

	
Name:
  Jonathan Chesky Malumud

	
 

	
Title:
  President

MAP FINANCIAL GROUP, INC.

INVESTOR QUESTIONNAIRE

	
 

	
 

	
 

	
A.

	
Information

	
General

	
 

	
 

	
 

	
1.

	
Print Full
 Name of Investor:

	
Individual:

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
First,
 Middle, Last

	
 

	
 

	
 

	
 

	
 

	
Partnership,
 Corporation, Trust,

	
 

	
 

	
Custodial
 Account, Other:

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	

	
 

	
 

	
Name of Entity

	
 

	
 

	
 

	
2.

	
Address for
 Notices:

	

	
 

	
 

	

	
 

	
 

	

	
 

	
 

	

	
 

	
 

	

	
 

	
 

	
 

	
3.

	
Name of
 Primary Contact Person:

	

	
 

	
Title:

	

	
 

	
 

	
 

	
4.

	
Telephone
 Number:

	

	
 

	
 

	
 

	
5.

	
E-Mail
 Address:

	

	
 

	
 

	

	
 

	
 

	
 

	
6.

	
Facsimile
 Number:

	

	
 

	
 

	
 

	
7.

	
Permanent
 Address:

	

	
 

	
(if
 different from Address for Notices above)

	

	
 

	
 

	
 

	
8.

	
Authorized
 Signatory:

	

	
 

	
Title:

	

	
 

	
Telephone
 Number:

	

	
 

	
 

	
 

	
 

	
Facsimile
 Number:

	

	
 

	
 

	
B.

	
Accredited
 Investor Status 

The Investor
represents and warrants that the Investor is an “accredited investor” within
the meaning of Rule 501 of Regulation D under the Securities Act of 1933, as
amended (the “Securities Act”), and has checked the box or boxes below which
are next to the categories under which the Investor qualifies as an accredited
investor: 

          FOR
INDIVIDUALS: 

	
 

	
 

	
 

	
 

	
o

	
A natural person with individual net worth (or joint net worth with
 spouse) in excess of $1 million. For purposes of this item, “net worth” means
 the excess of total assets at fair market value, including home, home
 furnishings and automobiles (and including property owned by a spouse), over
 total liabilities. 

	
 

	
 

	
 

	
 

	
o

	
A natural person with individual income (without including any income
 of the Investor’s spouse) in excess of $200,000, or joint income with spouse
 of $300,000, in each of the two most recent years and who reasonably expects
 to reach the same income level in the current year. 

	
 

	
 

	
 

	
 

	
FOR ENTITIES: 

	
 

	
 

	
 

	
 

	
o

	
A bank as defined in Section 3(a)(2) of the Securities Act or any
 savings and loan association or other institution as defined in Section
 3(a)(5)(A) of the Securities Act, whether acting in its individual or
 fiduciary capacity. 

	
 

	
 

	
 

	
 

	
o

	
An insurance company as defined in Section 2(13) of the Securities
 Act. 

	
 

	
 

	
 

	
 

	
o

	
A broker-dealer registered pursuant to Section 15 of the Securities
 Exchange Act of 1934. 

	
 

	
 

	
 

	
 

	
o

	
An investment company registered under the Investment Company Act of
 1940, as amended (the “Investment Company Act”). If an Investor has checked
 this box, please contact David Lubin, Esq. at (516) 887-8200 for additional
 information that will be required. 

	
 

	
 

	
 

	
 

	
o

	
A business development company as defined in Section 2(a)(48) of the
 Investment Company Act. 

	
 

	
 

	
 

	
 

	
o

	
A small business investment company licensed by the Small Business
 Administration under Section 301(c) or (d) of the Small Business Investment
 Act of 1958. 

	
 

	
 

	
 

	
 

	
o

	
A private business development company as defined in Section
 202(a)(22) of the Investment Advisers Act of 1940. If an Investor has checked
 this box, please contact David Lubin, Esq. at (516) 887-8200 for additional
 information that will be required. 

	
 

	
 

	
 

	
 

	
o

	
An organization described in Section 501(c)(3) of the Internal
 Revenue Code, a corporation, Massachusetts or similar business trust, or
 partnership, not formed for the specific purpose of acquiring the Shares,
 with total assets in excess of $5 million. 

	
 

	
 

	
 

	
 

	
o

	
A trust with total assets in excess of $5 million not formed for the
 specific purpose of acquiring the Shares, whose purchase is directed by a
 person with such knowledge and experience in financial and business matters
 as to be capable of evaluating the merits and risks of an investment in the
 Company and the purchase of the Shares. 

	
 

	
 

	
 

	
 

	
o

	
An employee benefit plan within the meaning of ERISA if the decision
 to invest in the Shares is made by a plan fiduciary, as defined in Section
 3(21) of ERISA, which is either a bank, savings and loan association,
 insurance company, or registered investment adviser, or if the employee
 benefit plan has total assets in excess of $5 million or, if a self-directed
 plan, with investment decisions made solely by persons that are accredited
 investors. 

	
 

	
 

	
 

	
 

	
o

	
A plan established and maintained by a state, its political
 subdivisions, or any agency or instrumentality of a state or its political
 subdivisions, for the benefit of its employees, if the plan has total assets
 in excess of $5 million. 

	
 

	
 

	
 

	
 

	
o

	
An entity, including a grantor trust, in which all of the equity
 owners are accredited investors as determined under any of the foregoing
 paragraphs (for this purpose, a beneficiary of a trust is not an equity
 owner, but the grantor of a grantor trust is an equity owner). 

	
 

	
 

	
 

C.        Supplemental Data for Entities 

1.        If
the Investor is not a natural person, furnish the following supplemental data
(natural persons may skip this Section C of the Investor Questionnaire): 

Legal form of
entity (trust, corporation, partnership, etc.): ____________________________________ 

Jurisdiction
of organization: ___________________________________________________________ 

2.        Was
the Investor organized for the specific purpose of acquiring the Shares? 

	
 

	
 

	
o Yes

	
o No

           If
the answer to the above question is “Yes,” please contact David Lubin, Esq. at
(516) 887-8200 for additional information that will be required. 

3.       Are
shareholders, partners or other holders of equity or beneficial interest in the
Investor able to decide individually whether to participate, or the extent of
their participation, in the Investor’s investment in the Company (i.e., can
shareholders, partners or other holders of equity or beneficial interest in the
Investor determine whether their capital will form part of the capital invested
by the Investor in the Company)? 

	
 

	
 

	
o Yes

	
o No

           If
the answer to the above question is “Yes,” please contact David Lubin, Esq. at
(516) 887-8200 for additional information that will be required. 

4(a).   Please indicate whether or not the Investor is,
or is acting on behalf of, (i) an employee benefit plan within the meaning of
Section 3(3) of ERISA, whether or not such plan is subject to ERISA, or
(ii) an entity which is deemed to hold the assets of any such employee benefit
plan pursuant to 29 C.F.R. § 2510.3-101. For example, a plan which is
maintained by a foreign corporation, governmental entity or church, a Keogh
plan covering no common-law employees and an individual retirement account are
employee benefit plans within the meaning of Section 3(3) of ERISA but
generally are not subject to ERISA (collectively, “Non-ERISA Plans”). In
general, a foreign or US entity which is not an operating company and which is
not publicly traded or registered as an investment company under the Investment
Company Act of 1940, as 

amended, and in which 25% or more of the value of any class of equity
interest is held by employee pension or welfare plans (including an entity
which is deemed to hold the assets of any such plan), would be deemed to hold
the assets of one or more employee benefit plans pursuant to 29 C.F.R. §
2510.3-101. However, if only Non-ERISA Plans were invested in such an entity,
the entity generally would not be subject to ERISA. For purposes of determining
whether this 25% threshold has been met or exceeded, the value of any equity
interest held by a person (other than such a plan or entity) who has
discretionary authority or control with respect to the assets of the entity, or
any person who provides investment advice for a fee (direct or indirect) with
respect to such assets, or any affiliate of such a person, is disregarded. 

	
 

	
 

	
o Yes

	
o No

4(b).    If the Investor is, or is acting on behalf of,
such an employee benefit plan, or is an entity deemed to hold the assets of any
such plan or plans, please indicate whether or not the Investor is subject to
ERISA. 

	
 

	
 

	
o Yes

	
o No

4(c.)   If the Investor answered “Yes” to question 4.(b)
and the Investor is investing the assets of an insurance company general
account, please indicate what percentage of the Investor’s assets the purchase
of the Shares is subject to ERISA. ___________%. 

5.       Does the amount of the
Investor’s subscription for the Shares in the Company exceed 40% of the total
assets (on a consolidated basis with its subsidiaries) of the Investor? 

	
 

	
 

	
o Yes

	
o No

          If the
question above was answered “Yes,” please contact David Lubin, Esq. at (516)
887-8200 for additional information that will be required. 

6(a).  Is the Investor a private investment company which is not
registered under the Investment Company Act, in reliance on Section 3(c)(1) or
Section 3(c)(7) thereof? 

	
 

	
 

	
o Yes

	
o No

6(b).  If the question above was answered “Yes,” was the Investor
formed prior to April 30, 1996? 

	
 

	
 

	
o Yes

	
o No

          If the
questions set forth in (a) and (b) above were both answered “Yes,” please
contact David Lubin, Esq. at (516) 887-8200 for additional information that
will be required. 

7(a).  Is the Investor a grantor trust, a partnership or an
S-Corporation for US federal income tax purposes? 

	
 

	
 

	
o Yes

	
o No

7(b).  If the question above was answered “Yes,” please
indicate whether or not: 

	
 

	
 

	
 

	
(i) more
 than 50 percent of the value of the ownership interest of any beneficial
 owner in the Investor is (or may at any time during the term of the Company be)
 attributable to the Investor’s (direct or indirect) interest in the Company;
 or 

	
 

	
 

	
o Yes

	
o No

	
 

	
 

	
 

	
(ii) it is a
 principal purpose of the Investor’s participation in the Company to permit
 the Partnership to satisfy the 100 partner limitation contained in US
 Treasury Regulation Section 1.7704-1(h)(3). 

	
 

	
 

	
o Yes

	
o No

          If either
question above was answered “Yes,” please contact David Lubin, Esq. at (516)
887-8200 for additional information that will be required. 

8.       If the Investor’s tax year
ends on a date other than December 31, please indicate such date below: 

	
 

	
 

	
 

	

	
 

	
(Date)

D.       Related
Parties

1.          To
the best of the Investor’s knowledge, does the Investor control, or is the
Investor controlled by or under common control with, any other investor in the
Company? 

	
 

	
 

	
o Yes

	
o No

	
 

	
 

	
          If the
 answer above was answered “Yes”, please identify such related investor(s)
 below.

	
 

	
          Name(s)
 of related investor(s):
 ________________________________________________________________________
_____________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________

2.       Will
any other person or persons have a beneficial interest in the Shares to be
acquired hereunder (other than as a shareholder, partner, or other beneficial
owner of equity interest in the Investor)? 

	
 

	
 

	
o Yes

	
o No

          If either
question above was answered “Yes”, please contact David Lubin, Esq. at (516)
887-8200 for additional information that will be required. 

The Investor understands that the foregoing information will be relied
upon by the Company for the purpose of determining the eligibility of the
Investor to purchase the Shares. The Investor agrees to notify the Company
immediately if any representation or warranty contained in this Subscription
Agreement, including this Investor Questionnaire, becomes untrue at any time.
The Investor agrees to provide, if requested, any additional information that
may reasonably be required to substantiate the Investor’s status as an
accredited investor or to otherwise determine the eligibility of the Investor
to purchase the Shares. The Investor agrees to indemnify and hold harmless the
Company and each officer, director, shareholder, agent and representative of
the Company and their respective affiliates and successors and assigns from and
against any loss, damage or liability due to or arising out of a breach of any
representation, warranty or agreement of the Investor contained herein. 

	
 

	
 

	
 

	
 

	
INDIVIDUAL:

	
 

	
 

	
 

	

	
 

	
(Signature)

	
 

	
 

	
 

	

	
 

	
(Print Name)

	
 

	
 

	
 

	
PARTNERSHIP,
 CORPORATION,

	
 

	
TRUST,
 CUSTODIAL ACCOUNT,

	
 

	
OTHER:

	
 

	
 

	
 

	

	
 

	
(Name of Entity)

	
 

	
 

	
 

	
By: 

	
 

	
 

	

	
 

	
(Signature)

	
 

	
 

	
 

	

	
 

	
    (Print Name and Title)

Annex 1

DEFINITION OF “INVESTMENTS”

The term
“investments” means: 

          (1)     Securities,
other than securities of an issuer that controls, is controlled by, or is under
common control with, the Investor that owns such securities, unless the issuer
of such securities is: 

                    (i)     An
investment company or a company that would be an investment company but for the
exclusions or exemptions provided by the Investment Company Act, or a commodity
pool; or 

                    (ii)    a
Public Company (as defined below); 

                    (iii)   A
company with shareholders’ equity of not less than $50 million (determined in
accordance with generally accepted accounting principles) as reflected on the
company’s most recent financial statements, provided that such financial
statements present the information as of a date within 16 months preceding the
date on which the Investor acquires Shares; 

          (2)     Real
estate held for investment purposes; 

          (3)     Commodity
Shares (as defined below) held for investment purposes; 

          (4)     Physical
Commodities (as defined below) held for investment purposes; 

          (5)     To
the extent not securities, Financial Contracts (as defined below) entered into
for investment purposes; 

          (6)     In
the case of an Investor that is a company that would be an investment company
but for the exclusions provided by Section 3(c)(1) or 3(c)(7) of the Investment
Company Act, or a commodity pool, any amounts payable to such Investor pursuant
to a firm agreement or similar binding commitment pursuant to which a person
has agreed to acquire an interest in, or make capital contributions to, the
Investor upon the demand of the Investor; and 

          (7)     Cash
and cash equivalents held for investment purposes. 

          Real Estate
that is used by the owner or a Related Person (as defined below) of the owner
for personal purposes, or as a place of business, or in connection with the
conduct of the trade or business of such owner or a Related Person of the
owner, will NOT be considered Real Estate held for investment purposes,
provided that real estate owned by an Investor who is engaged primarily in the
business of investing, trading or developing real estate in connection with
such business may be deemed to be held for investment purposes. However,
residential real estate will 

not be deemed to be used for personal purposes if deductions with
respect to such real estate are not disallowed by section 280A of the Internal
Revenue Code of 1986, as amended. 

          A Commodity
Interest or Physical Commodity owned, or a Financial Contract entered into, by
the Investor who is engaged primarily in the business of investing,
reinvesting, or trading in Commodity Shares, Physical Commodities or Financial
Contracts in connection with such business may be deemed to be held for
investment purposes. 

          “Commodity
Shares” means commodity futures contracts, options on commodity futures
contracts, and options on physical commodities traded on or subject to the
rules of: 

                    (i)          Any
contract market designated for trading such transactions under the Commodity
Exchange Act and the rules thereunder; or 

                    (ii)        Any
board of trade or exchange outside the United States, as contemplated in Part
30 of the rules under the Commodity Exchange Act. 

          “Public
Company” means a company that: 

                    (i)          files
reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934,
as amended; or 

                    (ii)        has
a class of securities that are listed on a Designated Offshore Securities
Market, as defined by Regulation S of the Securities Act. 

          “Financial
Contract” means any arrangement that: 

                    (i)          takes
the form of an individually negotiated contract, agreement, or option to buy,
sell, lend, swap, or repurchase, or other similar individually negotiated
transaction commonly entered into by participants in the financial markets; 

                    (ii)         is
in respect of securities, commodities, currencies, interest or other rates,
other measures of value, or any other financial or economic interest similar in
purpose or function to any of the foregoing; and 

                    (iii)        is
entered into in response to a request from a counter party for a quotation, or
is otherwise entered into and structured to accommodate the objectives of the
counterparty to such arrangement. 

          “Physical
Commodities” means any physical commodity with respect to which a Commodity
Interest is traded on a market specified in the definition of Commodity Shares
above. 

          “Related
Person” means a person who is related to the Investor as a sibling, spouse or
former spouse, or is a direct lineal descendant or ancestor by birth or
adoption of the Investor, or is a spouse of such descendant or ancestor,
provided that, in the case of a Family Company, a 

Related Person includes any owner of the Family Company and any person
who is a Related Person of such an owner. “Family Company” means a company that
is owned directly or indirectly by or for two or more natural persons who are
related as siblings or spouse (including former spouses), or direct lineal
descendants by birth or adoption, spouses of such persons, the estates of such
persons, or foundations, charitable organizations or trusts established for the
benefit of such persons. 

          For
purposes of determining the amount of investments owned by a company, there may
be included investments owned by majority-owned subsidiaries of the company and
investments owned by a company (“Parent Company”) of which the company is a
majority-owned subsidiary, or by a majority-owned subsidiary of the company and
other majority-owned subsidiaries of the Parent Company. 

          In
determining whether a natural person is a qualified purchaser, there may be
included in the amount of such person’s investments any investment held jointly
with such person’s spouse, or investments in which such person shares with such
person’s spouse a community property or similar shared ownership interest. In determining
whether spouses who are making a joint investment in the Partnership are
qualified purchasers, there may be included in the amount of each spouse’s
investments any investments owned by the other spouse (whether or not such
investments are held jointly). There shall be deducted from the amount of any
such investments any amounts specified by paragraph 2(a) of Annex 2 incurred by
such spouse. 

          In
determining whether a natural person is a qualified purchaser, there may be
included in the amount of such person’s investments any investments held in an
individual retirement account or similar account the investments of which are
directed by and held for the benefit of such person. 

Annex 2

VALUATIONS OF INVESTMENTS

          The general
rule for determining the value of investments in order to ascertain whether a
person is a qualified purchaser is that the value of the aggregate amount of
investments owned and invested on a discretionary basis by such person shall be
their fair market value on the most recent practicable date or their cost. This
general rule is subject to the following provisos: 

          (1)          In
the case of Commodity Shares, the amount of investments shall be the value of
the initial margin or option premium deposited in connection with such
Commodity Shares; and 

          (2)          In
each case, there shall be deducted from the amount of investments owned by such
person the following amounts: 

                         (i)          The
amount of any outstanding indebtedness incurred to acquire the investments
owned by such person. 

                         (ii)          A
Family Company, in addition to the amounts specified in paragraph (a) above,
shall have deducted from the value of such Family Company’s investments any
outstanding indebtedness incurred by an owner of the Family Company to acquire
such investments.

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