Document:

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DIGIFONICA INTERNATIONAL CORP.

SUBSCRIPTION AGREEMENT

FOR SECURITIES BEING PURCHASED BY RESIDENTS OF BRITISH COLUMBIA,

ALBERTA, ONTARIO, THE UNITED STATES AND JURISDICTIONS OUTSIDE OF CANADA

IN EACH CASE PURSUANT TO AVAILABLE EXEMPTIONS UNDER APPLICABLE SECURITIES LAWS

THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”) OR UNDER ANY STATE SECURITIES LAW OR UNDER THE SECURITIES
LAWS OF ANY OTHER JURISDICTION AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND SUCH LAWS. THE SECURITIES OFFERED HEREBY HAVE
NOT BEEN APPROVED OR DISAPPROVED BY THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR ANY
STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION PASSED UPON OR ENDORSED
THE MERITS OF THIS OFFERING. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. THESE ARE
SPECULATIVE SECURITIES.

INSTRUCTIONS FOR COMPLETING SUBSCRIPTION AGREEMENT

The following items in this Subscription Agreement must be completed. Please
initial each applicable box.

All Subscribers

	 	 	 
	                    

	 	The signature page.
	 
	 	 
	                    

	 	All Subscribers must initial next to either
Section 4(a) or Section 4(b). If a Subscriber
makes the representations in Section 4(a), the
Subscriber must also initial next to one of the
subsections under Section 4(a).

Subscribers which are Offshore Investors

	 	 	 
	                    

	 	In addition to the two items above,
Offshore Investors (as described in Section
4(b)) must also complete the Offshore Investor
Certificate attached as Exhibit “C”.
	 
	 	 
	                    

	 	In addition to the items above, Canadian
Subscribers must also complete the Certificate
attached as Exhibit “B” and, if applicable,
Appendix A attached to Exhibit “B”.

					
	 
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     1. Subscription. Subject to the terms and conditions hereof, the Subscriber
hereby irrevocably subscribes for and agrees to purchase a total of                                         
(                    ) shares of the common stock, par value US $0.001 per share (the “Common
Stock”) of DIGIFONICA INTERNATIONAL CORP., a Florida corporation (the “Company”) at a
price of US $2.00 per share and agrees to become a shareholder of the Company and to be bound by
the terms of this Subscription Agreement. As consideration for the shares of Common Stock
subscribed for hereby (the “Shares”), the Subscriber hereby irrevocably tenders to the
Company a cashier’s check (or personal check if so authorized by the Company) or wire transfer in
the amount of $                     (the “Purchase Price”).

     The Company will cause its Common Stock to be listed or quoted on a national securities
exchange in the United States (either NASDAQ or the American Stock Exchange) and to become a
reporting issuer in a province of Canada within nine months after the closing date. In the event
such listing or quotation has not taken place, or such reporting issuer status has not been
obtained within nine months after the closing date, the Company shall issue additional Common Stock
to each Subscriber equal to 10% of the dollar value of the Shares each Subscriber initially
purchased pursuant to this Subscription Agreement. Such Common Stock will be issued as liquidated
damages for the delay to complete such listing or quotation and obtaining such reporting issuer
status. Any Common Stock issued as liquidated damages will be subject to the same restrictions as
described herein.

     Additionally, for every two (2) Shares subscribed for hereby, the Subscriber shall receive a
warrant (the “Warrant”) to purchase one (1) share of Common Stock at a price of US $2.50
per share during the first twelve (12) months and at a price of US $3.00 per share for the
remaining twelve (12) months (the “Warrant Shares”). The Warrant shall have a term of two
(2) years. The Shares, the Warrants and the Warrant Shares are collectively referred to as the
“Securities.”

     This Subscription Agreement shall not become binding unless (i) this subscription is accepted
by the Company, (ii) the Purchase Price has been received and accepted by the Company, and (iii)
such additional closing conditions as the Company shall require are satisfied. This subscription
shall not be deemed accepted by the Company until this Subscription Agreement is signed by a duly
authorized officer of the Company. If this subscription is accepted, this Agreement shall become
effective as between the Company and the Subscriber. If this subscription is rejected, this
Subscription Agreement and the Purchase Price will be returned to the Subscriber as soon as
reasonably practicable, and this subscription shall be rendered void and of no further force or
effect.

     2. Acceptance of Subscription. The Subscriber acknowledges and agrees that this
subscription is made subject to the following terms and conditions:

          (a) the Subscriber is committing to purchase the Securities for which he has subscribed upon
executing this Subscription Agreement; and

          (b) the Company shall have the right to reject this subscription, in whole or in part, for any
reason whatsoever.

     3. Definitions: In this Agreement, unless the context otherwise requires:

          (a) “1933 Act” or “Securities Act” means the United States Securities Act of 1933, as amended;

          (b) “Agreement” means this subscription agreement as the same may be amended, supplemented or
restated from time to time;

					
	 
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          (c) “Person” means an individual, a firm, a corporation, a syndicate, a partnership, a trust,
an association, an unincorporated organization, a joint venture, an investment club, a government
or an agency or political subdivision thereof and every other form of legal or business entity of
whatsoever nature or kind;

          (d) “Regulation D” means Regulation D promulgated under the Securities Act;

          (e) “Regulation S” means Regulation S promulgated under the Securities Act;

          (f) “Securities Laws” means the securities legislation and regulations of, and the
instruments, policies, rules, orders, codes, notices and interpretation notes of the applicable
securities regulatory authority or applicable securities regulatory authorities of, the applicable
jurisdiction or jurisdictions collectively;

          (g) “United States” means the United States as that term is defined in Regulation S;

          (h) “U.S. Person” means a U.S. Person as that term is defined in Regulation S;

          (i) “Warrant Certificates” means the certificates representing the Warrants;

     4. Status. The Subscriber (and, if the Subscriber is acting on behalf of a principal,
such principal) is either (initial next to either (a) or (b)):

     (a) an “accredited investor” as defined in Rule 501(a) of Regulation D
promulgated under the Securities Act (a “U.S. Accredited Investor”) is as a
result of satisfying the requirements of the paragraphs below to which the
Subscriber has initialed (the line identified as “P” is to be initialed by
the undersigned if the principal, if any, satisfies the requirements of the
corresponding paragraph):

	 	 	 
	(i)                    

(P)                    

	 	A natural person whose individual net worth, or joint net worth
with that person’s spouse, at the time of his purchase exceeds
US$1,000,000;
	 
	 	 
	(ii)                    

(P)                    

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

(P)                    

	 	Any entity in which all of the equity owners are U.S. Accredited
Investors;
	 
	 	 
	(iv)                    

(P)                    

	 	Any 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

					
	 
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	 	individual or fiduciary capacity; any broker or dealer registered
pursuant to Section 15 of the Securities Exchange Act of 1934; any
insurance company as defined in Section 2(a)(13) of the Securities
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 that Act; any 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; any
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 US$5,000,000; any employee
benefit plan within the meaning 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 such Act, 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 US$5,000,000, or, if a self-directed
plan, with investment decisions made solely by persons that are
U.S. Accredited Investors;
	 
	 	 
	(v)                    

(P)                    

	 	Any private business development company as defined in Section
202(a)(22) of the Investments Advisers Act of 1940;
	 
	 	 
	(vi)                    

(P)                    

	 	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
Subscription Receipts, with total assets in excess of US$5,000,000;
	 
	 	 
	(vii)                    

(P)                    

	 	Any director or executive officer of the Company;
	 
	 	 
	(viii)                    

(P)                    

	 	Any trust with total assets in excess of US$5,000,000, not formed
for the specific purpose of acquiring the Securities, whose
purchase is directed by a sophisticated person, being defined as a
person who has such knowledge and experience in financial and
business matters that he or she is capable of evaluating the merits
and risks of the prospective investment.

     (b) not a “U.S. Person” (as defined in Rule 902(k) of
Regulation S promulgated under the Securities Act) nor is it purchasing the
Shares on behalf of a U.S. Person, and is purchasing the Shares in an “offshore
transaction” (as defined in Rule 902(h) of Regulation S promulgated under the
Securities Act) (an “Offshore Investor”)

					
	 
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and has completed and delivered the questionnaire attached hereto as Exhibit
“C” (the “Offshore Investor Certificate”).

     5. Acknowledgments, Representations and Covenants of the Subscriber. The Subscriber
acknowledges that the Company is not a “reporting issuer” as that term is defined under applicable
Canadian Securities Laws and no securities of the Company are listed on any stock exchange or
quoted on any quotation or trading reporting system in Canada. There is no assurance that the
Company will become a “reporting issuer” or that there will ever be a market for securities of the
Company in Canada. The securities of the Company subscribed for hereunder will be subject to
indefinite resale restrictions under applicable Canadian Securities Laws. Investors are urged to
consult with their professional advisors with respect to resale restrictions applicable to
securities of the Company. Subscriber acknowledges that he is purchasing the Shares and the
Warrants without being furnished any offering literature or prospectus. The Subscriber
acknowledges that he has had an opportunity to ask questions and receive answers concerning the
terms and conditions of the offering of the Securities and to obtain any additional information
that the Company possesses, or could acquire without unreasonable effort or expense, necessary to
verify the accuracy of such information. The Subscriber represents, warrants and covenants that:

          (a) The Subscriber is acquiring the Securities solely for the Subscriber’s own account for
investment purposes as a principal and not with a view to resale or distribution of all or any part
thereof. The Subscriber is aware that there are legal and practical limits on the Subscriber’s
ability to sell or dispose of the Securities, and, therefore, that the Subscriber must bear the
economic risk of the investment for an indefinite period of time.

          (b) The Subscriber understands that the Securities are being offered and sold in reliance on
specific exemptions from the registration requirements of federal and state laws in the United
States and specific exemptions from prospectus requirements in Canada and that the representations,
warranties, agreements, acknowledgments and understandings set forth herein are required in order
to determine the applicability of such exemptions and the suitability of the Subscriber to acquire
such Securities.

          (c) The Subscriber is not relying on the Company with respect to the tax and other economic
considerations relating to this investment. In regard to such considerations, the Subscriber has
relied on the advice of, or has consulted with, its own personal tax, investment or other advisors.

          (d) The Securities were not offered to the Subscriber through an advertisement in printed
media of general and regular circulation, radio or television.

          (e) The Subscriber has relied completely on the advice of, or has consulted with, its own
personal tax, investment, legal or other advisors and has not relied on the Company or any of its
affiliates, officers, directors, attorneys, accountants or any affiliates of any thereof and each
other person, if any, who controls any thereof, within the meaning of Section 15 of the Securities
Act, except to the extent such advisors shall be deemed to be as such.

          (f) If the Subscriber has consulted a Subscriber representative (“Subscriber
Representative”) to evaluate the merits and risks of the undersigned’s investment in the
securities, the Subscriber or the Subscriber Representative has been granted the opportunity to
examine documents and files, to ask questions of and receive answers from representatives of the
Company, its officers, directors, employees and agents concerning the terms and conditions of this
offering, the Company and its business and prospects, and to obtain any additional information
which the Subscriber or the Subscriber Representative deems necessary to verify the accuracy of the
information received.

					
	 
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          (g) The Subscriber either alone or with its Subscriber Representative has such knowledge and
experience in financial and business matters that it is capable of evaluating the merits and risks
of the prospective investment.

          (h) Investment in the Company involves certain risks, including the potential loss by the
Subscriber of interest on their investment herein, and the Subscriber has taken full cognizance of
and understands all of the risk factors related to the purchase of the Securities. The Subscriber
recognizes that the information set forth in this Subscription Agreement does not purport to
contain all the information, which would be contained in a registration statement under the
Securities Act.

          (i) No federal or state agency or similar authority in Canada has passed upon the Securities
or made any finding or determination as to the fairness of this transaction.

          (j) The offer and sale of the Securities has not been registered under the Securities Act or
any applicable state securities laws by reason of exemptions from the registration requirements of
the Securities Act and such laws, and the Securities may not be sold, pledged, assigned or
otherwise disposed of in the absence of an effective registration statement for the securities and
any component thereof under the Securities Act or unless an exemption from such registration is
available. Provided there is a market for the Company’s Securities, the Securities will not be
eligible for sale for a period of one (1) year from the date of purchase pursuant to the terms of
Rule 144 of the Securities Act.

          (k) There currently is no active market for the Company’s securities in the United States,
however, the Company’s common stock is quoted on a “gray-market” basis in the Pink Sheets quotation
medium operated by Pink Sheets, LLC. There can be no assurances that an active market for the
Company’s securities will ever develop or if developed, be sustained in the future. Consequently,
the Subscriber may never be able to liquidate the Subscriber’s investment and the Subscriber may
bear the economic risk of the Subscriber’s investment for an indefinite period of time.

          (l) Unless the Subscriber is an Offshore Investor (as defined in Section 4(b), above) and has
completed and delivered the Offshore Investor Certificate, the certificates representing the
Securities will bear the following legend to the effect that:

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933 (THE “ACT”). THE SECURITIES HAVE BEEN ACQUIRED FOR
INVESTMENT AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR OTHERWISE DISPOSED OF IN
THE ABSENCE OF A CURRENT AND EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT WITH
RESPECT TO SUCH SHARES, OR AN OPINION SATISFACTORY TO THE ISSUER AND ITS COUNSEL TO
THE EFFECT THAT REGISTRATION IS NOT REQUIRED UNDER THE ACT.

Certificates representing the Shares issued to Offshore Purchasers will bear the
legend set forth in the Offshore Purchaser Questionnaire and such securities will be
subject to the terms and restrictions set forth therein.

          (m) The Subscriber has had access to such information, if any, concerning the Company as the
Subscriber considered necessary in connection with investment decision to invest in the Securities,
including receiving satisfactory answers to any questions the Subscriber has asked any of the
officers of the Company.

					
	 
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          (n) The Subscriber has no contract, undertaking, agreement or arrangement with any Person to
sell, transfer or pledge to such Person, or anyone else, the Securities, or any part thereof, or
any interest therein, and the Subscriber has no present plans to enter into any such contract,
undertaking, agreement or arrangement.

          (o) The Subscriber agrees that if the Subscriber decides to offer, sell or otherwise transfer
any of the Shares or the Warrants, the Subscriber will not offer, sell or otherwise transfer any of
such securities, directly or indirectly, unless:

	 	(i)	 	the sale is to the Company; or
	 
	 	(ii)	 	the sale is made outside the United States in a
transaction meeting the requirements of Rule 904 of Regulation S (or
such rule or regulation promulgated by the Securities and Exchange
Commission as is then in effect) and in compliance with applicable
local laws and regulations; or
	 
	 	(iii)	 	the sale is made in a transaction that does
not require registration under the 1933 Act or any applicable
securities laws and regulations governing the offer and sale of
securities of any state of the United States;

and, with respect to an offer, sale or transfer made under subparagraph
(iii) above the Subscriber has, prior to such sale, furnished to the Company
an opinion of counsel of recognized standing reasonably satisfactory to the
Company confirming the compliance of such sale with the 1933 Act and
applicable state Securities Laws.

          (p) The Subscriber acknowledge and agrees that the Shares, the Warrants and the Warrant Shares
will be “restricted securities” under the 1933 Act.

          (q) The Subscriber also understands and agrees that the certificates representing the Warrants
and all certificates issued in exchange therefor or in substitution thereof, shall bear the
following legend:

“THIS WARRANT AND THE SECURITIES DELIVERABLE UPON EXERCISE THEREOF
HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED (THE “1933 ACT”), OR THE SECURITIES LAWS OF
ANY STATE OF THE UNITED STATES. THIS WARRANT MAY NOT BE EXERCISED
IN THE UNITED STATES OR BY OR ON BEHALF OF A PERSON IN THE UNITED
STATES OR A U.S. PERSON, UNLESS THIS WARRANT AND SHARES ISSUABLE
UPON EXERCISE OF THIS WARRANT HAVE BEEN REGISTERED UNDER THE 1933
ACT AND THE APPLICABLE SECURITIES LEGISLATION OF ANY SUCH STATE OR
AN EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS IS AVAILABLE.
“UNITED STATES” AND “U.S. PERSON” ARE AS DEFINED BY REGULATION S
UNDER THE SECURITIES ACT.”

          (r) The Subscriber 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 set forth herein.

					
	 
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          (s) The Subscriber understands and agrees that any person who exercises the Warrant will be
required to provide to the Company, as a condition upon such exercise, either:

	 	(i)	 	written certification that it is not a U.S.
Person and that the Warrants are not being exercised within the United
States or on behalf of, or for the account or benefit of, a U.S.
Person; or
	 
	 	(ii)	 	written certification that it was an original
subscriber for the Warrants who was a U.S. Person or was in the United
States at the time of the acquisition of the Warrants; or
	 
	 	(iii)	 	a written opinion of counsel satisfactory to
the Company to the effect that the Warrant Shares issuable upon the
exercise of the Warrants have been registered under the 1933 Act and
applicable state securities laws or are exempt from registration
thereunder.

          (t) If the Subscriber is resident in British Columbia, Alberta or Ontario, or is otherwise
subject to the securities laws of the Provinces of British Columbia, Alberta or Ontario
(“Canadian Securities Laws”), then:

	 	(i)	 	The Subscriber is either:

	 	(A)	 	purchasing the Securities as
principal for the Subscriber’s own account and not for the
benefit of any other person and the Subscriber has a National
Instrument 45-106 (“NI 45-106”) prospectus exemption
available to the Subscriber as set out in Exhibit “B”;
or
	 
	 	(B)	 	subscribing for the Securities as
agent for a beneficial principal disclosed on the execution page
of this Subscription Agreement, and the Subscriber is an agent
or trustee and each disclosed principal for whom the Subscriber
is acting has a NI 45-106 prospectus exemption available to
him/her/it as set out in Exhibit “B” and is purchasing
as principal for his/her/its own account and not for the benefit
of any other person; and

the subscriber has concurrently executed and delivered a certificate
in the form of the attached Exhibit “B”.

	 	(ii)	 	The provisions of paragraph (i) of this
subsection 5(t) will be true and correct both as of the date of
execution of this Subscription Agreement and as of the closing date.
	 
	 	(iii)	 	The Subscriber acknowledges and consents to
the release by the Company of certain information regarding the
Subscriber’s subscription, including the Subscriber’s name, residential
address, telephone number and registration instructions, the number of
Securities purchased, the number of shares held, the Subscriber’s
status as a subscriber as represented in Exhibit “B” hereto,
and, if applicable, information regarding the beneficial ownership of
the Subscriber or the Subscriber’s principal, in compliance with
Canadian Securities Laws or as otherwise

					
	 
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	 	 	 	required by law of the Company and for the purposes of arranging for
the preparation of the certificates representing the Securities.

          (u) If the Subscriber is a natural person, he is at least 21 years of age and a bona fide
resident and domiciliary (not a temporary or transient resident) of the state or country set forth
on the signature page hereof, and has no current intention of becoming a resident of any other
state or jurisdiction and if the Subscriber is not an individual, has an office in the state or
country set forth on the signature page hereof;

          (v) There have been no representations, guarantees, or warranties made to the Subscriber by
the Company, or its agents or employees, or by any other person, expressly or by implication, with
respect to (i) the approximate length of time that the Subscriber will be required to remain an
owner of the Securities; (ii) the ability to sell the Securities and receive a particular price
therefor; (iii) the future price or value of the Securities, (iv) the percentage of profit and/or
amount of or type of consideration, profit, or loss (including, without limitation, tax benefits)
to be realized, if any, as a result of investment in the Securities; and (v) the possibility that
the past performance or experience on the part of any officer or director of the Company, or of any
other person, might in any way indicate the predictable results of operations of the Company, or of
ownership of the Securities;

          (w) The Subscriber understands that no federal or state agency or securities commission in the
United States or similar authority in Canada has passed on or made any recommendation or
endorsement of the Securities in Canada or the United States;

          (x) the Subscriber, if a natural person, has the legal capacity and competence to be bound by
this Subscription Agreement and to perform the covenants and obligations herein, and if not a
natural person, has the legal capacity and competence to authorize, execute and deliver this
Subscription Agreement, and the individual signing this Subscription Agreement has been duly
authorized to execute and deliver this Subscription Agreement;

          (y) The Subscriber’s overall commitment to investments that are not readily marketable is not
disproportionate to its or his net worth and its or his investment in the Securities will not cause
such overall commitment to become excessive;

          (z) The Subscriber has adequate means of providing for its current needs and personal
contingencies and has no need for liquidity in his investment in the Securities in Canada or the
United States;

          (aa) The Subscriber understands that (i) the Securities are restricted securities within the
meaning of Rule 144 promulgated under the Securities Act (“Rule 144”), (ii) the offer and
sale of the Securities has not been registered under the Securities Act or any applicable state
laws, (iii) the Company has no obligation, and has made no commitment, to the Subscriber to
register the resale of any of the Securities in order to permit them to be publicly resold, except
as provided in the Registration Rights Agreement substantially in the form attached hereto as
Exhibit “A” (the “Registration Rights Agreement”), and (iv) the exemption from the
registration requirements of the Securities Act under Rule 144 will not be available unless the
terms and conditions of Rule 144 have been complied with;

          (bb) if the Subscriber is Canadian, the Subscriber acknowledges, the Company is not currently
a reporting issuer in any province of Canada, the Shares and the shares issuable upon the exercise
of the Warrants will be subject to a statutory hold or restricted period, and that the certificates
representing the Shares and the Warrants and, if necessary, the certificate representing the
Warrant Shares, will bear the following legend:

					
	 
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“UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS
SECURITY MUST NOT TRADE THE SECURITY BEFORE THE DATE THAT IS FOUR
MONTHS AND ONE DAY AFTER THE LATER OF (I) AUGUST 9, 2006, AND (II)
THE DATE THE ISSUER BECAME A REPORTING ISSUER IN ANY PROVINCE OR
TERRITORY.”

          (cc) If the Subscriber is purchasing in a Canadian jurisdiction, the Subscriber acknowledges
that as a consequence of the sale being exempt from the prospectus requirements of Canadian
Securities Laws (i) certain protections, rights and remedies provided by Canadian Securities Laws,
including statutory rights of rescission or damages, will not be available to the Subscriber, or
others for whom the Subscriber is contracting hereunder, (ii) the Subscriber, or others for whom
the Subscriber is contracting hereunder, may not receive information that would otherwise be
required to be given under Canadian Securities Laws, and (iii) the Company is relieved from certain
obligations that would otherwise apply under Canadian Securities Laws;

          (dd) The Subscriber acknowledges that Loewen Ondaatje McCutcheon Limited (the “Agent”)
is the placement agent for the offering and as such will receive compensation for its services;

          (ee) The Subscriber, or others for whom the Subscriber is contracting hereunder, are aware
that the Agent and its directors, officers, employees, agents and representatives assume no
responsibility or liability of any nature whatsoever for the accuracy or adequacy of any
information contained in any publicly available information concerning the Company, the Subscriber
hereby releases the Agent and the Agent’s representatives from any claim that may arise in respect
of this Subscription Agreement or any transaction contemplated thereby and the Subscriber further
acknowledges and agrees that the Agent assumes no responsibility or liability of any nature
whatsoever for the accuracy or adequacy of any such publicly available information or as to whether
all information concerning the Company required to be disclosed by it has been generally disclosed;

          (ff) If the Subscriber, or any beneficial purchaser for whom the Subscriber is contracting
hereunder is, a resident of a province or territory of Canada and cannot otherwise satisfy any of
the requirements set forth in this section 3, the Subscriber is, or any beneficial purchaser for
whom the Subscriber is contracting hereunder is, acquiring the Shares and Warrants pursuant to and
in compliance with an exemption from the prospectus requirements of the Canadian Securities Laws of
the jurisdiction in which the Subscriber resides and will provide the Company and the Agent, on
request, with evidence of such compliance;

          (gg) The funds representing the aggregate purchase price in respect of the Securities which
will be advanced by the Subscriber to the Company hereunder will not represent proceeds of crime
for the purposes of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada)
(for the purposes of this paragraph, the “PCMLTFA”) and the Subscriber acknowledges that
the Company may in the future be required by law to disclose the name of the Subscriber and other
information relating to this Subscription Agreement and the subscription hereunder, on a
confidential basis, pursuant to the PCMLTFA. To the best of the Subscriber’s knowledge (a) none of
the subscription funds provided by the Subscriber (i) have been or will be derived directly or
indirectly from or related to any activity that is deemed criminal under the laws of Canada, the
United States of America, or any other jurisdiction, or (ii) are being tendered on behalf of a
person or entity who has not been identified to the Subscriber and, (b) the Subscriber will
promptly notify the Company if the Subscriber discovers that any of such representations cease to
be true, and will provide the Company with appropriate information in connection therewith;

					
	 
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          (hh) The Subscriber, on his/her/its own behalf and, if applicable, on behalf of each
beneficial purchaser for whom the Subscriber is contracting hereunder, acknowledges and consents to
the fact that the Company and the Agent are collecting the Subscriber’s personal information (as
that term is defined under applicable privacy legislation, including, without limitation, the
Personal Information Protection and Electronic Documents Act (Canada) and any other applicable
similar, replacement or supplemental provincial or federal legislation or laws in effect from time
to time), and, if applicable, that of each beneficial purchaser for whom the Subscriber is
contracting hereunder, for the purpose of completing this Subscription Agreement. The Subscriber,
on his/her/its own behalf and, if applicable, on behalf of each beneficial purchaser for whom the
Subscriber is contracting hereunder, acknowledges and consents to the Company and the Agent
retaining such personal information for as long as permitted or required by law or business
practices. The Subscriber, on his/her/its own behalf and, if applicable, on behalf of each
beneficial purchaser for whom the Subscriber is contracting hereunder, further acknowledges and
consents to the fact that the Company or the Agent may be required by Canadian Securities Laws or
securities laws of an applicable jurisdiction, the rules and policies of any stock exchange or the
rules of the Investment Dealers Association of Canada to provide regulatory authorities with any
personal information provided under this Subscription Agreement. The Subscriber represents and
warrants, as applicable, that the Subscriber has the authority to provide the consents and
acknowledgements set out in this paragraph on behalf of each beneficial purchaser for whom
he/she/it is contracting hereunder. In addition to the foregoing, the Subscriber agrees and
acknowledges that the Company or the Agent, as the case may be, may use and disclose the
Subscriber’s personal information, or that of each beneficial purchaser for whom the Subscriber is
contracting hereunder, as follows:

	 	(i)	 	for internal use with respect to managing the
relationships between and contractual obligations of the Company, the
Agent and the Subscriber or any beneficial purchaser for whom the
Subscriber is contracting hereunder;
	 
	 	(ii)	 	for use and disclosure for income tax related
purposes, including without limitation, where required by law,
disclosure to Canada Revenue Agency;
	 
	 	(iii)	 	for disclosure to securities regulatory
authorities and other regulatory bodies with jurisdiction with respect
to reports of trades and similar regulatory filings;
	 
	 	(iv)	 	for disclosure to a governmental or other
authority to which the disclosure is required by court order or
subpoena compelling such disclosure and where there is no reasonable
alternative to such disclosure;
	 
	 	(v)	 	for disclosure to professional advisers of the
Company or the Agent in connection with the performance of their
professional services;
	 
	 	(vi)	 	for disclosure to any person where such
disclosure is necessary for legitimate business reasons and is made
with your prior written consent;
	 
	 	(vii)	 	for disclosure to a court determining the
rights of the parties under this Agreement; or
	 
	 	(viii)	 	for use and disclosure as otherwise required or permitted by law; and

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11

 

          (ii) If the Subscriber is, or the beneficial purchaser for whom the Subscriber is contracting
hereunder is, a resident of the Province of Ontario, the Subscriber authorizes the indirect
collection of personal information (as defined in the securities laws of the Province of Ontario)
by the Ontario Securities Commission and the Subscriber confirms that he/she/it has been notified
by the Company:

	 	(i)	 	that the Company will be delivering such
personal information to the Ontario Securities Commission;
	 
	 	(ii)	 	that such personal information is being
collected indirectly by the Ontario Securities Commission under the
authority granted to it in the Securities Laws of the Province of
Ontario;
	 
	 	(iii)	 	that such personal information is being
collected for the purpose of the administration and enforcement of the
securities laws of the Province of Ontario; and
	 
	 	(iv)	 	that the title, business address and business
telephone number of the public official in the Province of Ontario who
can answer questions about the Ontario Securities Commission’s indirect
collection of personal information is as follows:

Administrative Assistant to the Director of Corporate Finance

Ontario Securities Commission

Suite 1903, Box 55, 20 Queen Street West

Toronto, Ontario M5H 2S8

Telephone: 416-593-8086

     6. Lock-Up.

          (a) In the event of a firmly-underwritten public offering of Common Stock or other equity
interest of the Company registered under the Securities Act by a nationally recognized investment
bank resulting in at least US $50 Million in net proceeds (after underwriting discount) to the
Company (the “IPO”), the Subscriber agrees that for a period of six (6) months commencing
on the effective date of the registration statement filed under the Securities Act relating to the
IPO, the Subscriber will not offer, sell, contract to sell, grant any option for the sale of, or
otherwise dispose of, directly or indirectly, any of the Shares, any securities which the Shares
are convertible into, or exercisable or exchangeable for any other securities of the Company,
including, without limitation, any Shares or other equity interests issuable pursuant to the terms
of any employee stock options. In order to enable the Company to enforce the aforesaid
restrictions on transfer, the Subscriber hereby agrees that the Company may impose stop-transfer
instructions with respect to the securities of the Company owned beneficially or of record by the
Subscriber until the end of such six-month period.

          (b) Furthermore, the United States National Association of Securities Dealers, or affiliates
thereof, or other state or federal regulatory authorities may require that such six month period be
extended in connection with the IPO. Accordingly, the Subscriber agrees that officers of the
Company may execute all agreements and other documents, in their sole absolute discretion, in the
name, and on behalf of, the Subscriber, to increase the term of such restriction on resale to the
minimum term required by the National Association of Securities Dealers, federal, or state
securities authorities, or any of their respective affiliates, without prior notice to, or further
consent by, the Subscriber. In addition, the Subscriber agrees that officers of the Company may,
at their discretion, increase the term of such

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12

 

restriction on resale should the necessity arise or the managing underwriter requests such an
increase in term. The Subscriber hereby irrevocably constitutes and appoints the Company’s
President (the “President”), with full power of substitution, to be the true and lawful
agent and attorney-in-fact of the Subscriber, with full power and authority in the Subscriber’s
name, and stead, to increase the term of such restriction on resale as aforesaid.

     7. Other Matters.

          (a) The Subscriber recognizes that the sale of the Securities to it or him is based upon
representations and warranties contained herein, and the Subscriber agrees to indemnify the Company
and its officers, directors, shareholders and agents and to hold each of them harmless against any
liability, costs, or expenses (including reasonable attorneys’ fees and costs) arising by reason of
or in connection with any misrepresentation or any breach of such warranties by the Subscriber, or
arising as a result of the sale or distribution of any of the Securities by the Subscriber in
violation of the Act, or other applicable law. The covenants, warranties, and representations
contained herein shall be for the benefit of the Company and its officers, directors, shareholders
and agents and each of them shall be entitled to all of the rights that such covenants, warranties,
and representations shall confer;

          (b) The Subscriber agrees that, except as provided herein, this Subscription Agreement or any
agreement made hereunder or pursuant hereto may not be cancelled, terminated, or revoked by it
except upon the written consent of the Company;

          (c) The Subscriber agrees that this Subscription Agreement and the foregoing acknowledgments,
representations, and covenants are true and accurate as of the date of this Subscription Agreement,
shall be true and accurate as of the date of delivery of the Securities by the Company, and shall
survive such delivery, his admission as a shareholder of the Company, and any investigation made by
any party relying on the same or any acceptance or rejection of this subscription;

          (d) The Subscriber agrees to execute any and all further documents necessary or advisable, in
the sole discretion of the Company, in connection with his becoming a holder of the Securities or
any portion thereof;

          (e) Any notice, consent, or other communication to be given under this Subscription Agreement
by any party to any other party shall be in writing and shall be either (a) personally delivered,
(b) mailed by registered or certified mail, postage prepaid with return receipt requested, (c)
delivered by overnight express delivery service or same-day local courier service, or (d) delivered
by telex or facsimile transmission to the address set forth beneath the signature of the parties,
or at such other address as may be designated by the parties from time to time in accordance with
this Section 7. If notice is sent to the Company, it shall be sent as follows:

	 	 	 
	To the Company:

	 	Digifonica International Corp.

4710 Kingsway

Suite 1424

Burnaby, BC V5H 4M2

Canada

Attn: Emil Malak, Chairman

Facsimile: (604) 408-1298

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13

 

     With a copy (which shall not constitute notice) sent to:

	 	 	 
	 

	 	Hughes & Luce, LLP

1717 Main Street, Suite 2800

Dallas, Texas 75201

Attn: I. Bobby Majumder, Partner

Facsimile: (214) 939-5849

Notices delivered personally, by overnight express delivery service, or by local courier service
shall be deemed given as of actual receipt. Mailed notices shall be deemed given two business days
after mailing. Notices delivered by telex or facsimile transmission shall be deemed given upon
receipt by the sender of the answerback (in the case of a telex) or transmission confirmation (in
the case of a facsimile transmission);

          (f) The parties acknowledge and agree that this Subscription Agreement and the obligations and
undertakings of the parties hereunder will be performable in Dallas, Dallas County, Texas. This
Subscription Agreement shall be governed by, and construed and enforced in accordance with, the
laws of the State of Delaware. If any action is brought to enforce or interpret this Agreement,
venue for such action shall be in Dallas County, Texas;

          (g) This Subscription Agreement constitutes the entire agreement among the parties hereto with
respect to the subject matter hereof, and may be amended only in writing executed by the party to
be bound thereby; and

          (h) The representations and warranties made by the Company to the Agent in the agency
agreement dated as of August 9, 2006 are true and correct in all material respects as of the
closing date (save and except as waived by the Agent) and the Subscriber is entitled to rely
thereon.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

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14

 

     IN WITNESS WHEREOF, the Subscriber has hereby executed this Agreement as of the date set forth
below.

	 	 	 
	Printed Name of Subscriber:

	 	Subscriber’s Street Address:
	 
	 	 
	 
	 	 
	 

	 	 
	 

	 	Address
	 
	 	 
	 
	 	 
	 

	 	 
	Signature of Subscriber

	 	City
	 
	 	 
	 
	 	 
	 

	 	 
	Title (if applicable)

	 	State or Province          Zip Code or Postal Code
	 
	 	 
	 
	 	 
	Dated effective as of: ____________, 2006
	 	 
	 
	 	 
	 
	 	 
	 

	 	 
	 

	 	Country
	 
	 	 
	 
	 	 
	 

	 	 
	 

	 	Telephone Number
	 
	 	 
	 
	 	 
	 

	 	 
	 

	 	Subscriber’s Social Security or Tax ID
Number
	 
	 	 
	 
	 	 
	AGREED AND ACCEPTED:

	 	Subscriber’s Delivery Address

(if different from above):
	 
	 	 
	 
	 	 
	DIGIFONICA INTERNATIONAL CORP.

	 	 
	 

	 	 
	 

	 	Address
	 
	 	 
	 
	 	 
	 

	 	 
	By:

	 	City
	 

	 	 
	     EMIL MALAK, Chairman
	 	 
	 
	 	 
	 
	 	 
	4710 Kingsway

Suite 1424

Burnaby, BC V5H 4M2

Canada

	 	  

State
or Province          Zip Code or Postal Code 
	 
	 	 
	 

	 	 
	 

	 	Country
	 
	 	 
	 
	 	 
	Dated effective as of: ____________, 2006

	 	 
	 

	 	 
	 

	 	Telephone Number

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15

 

EXHIBIT “A”

REGISTRATION RIGHTS AGREEMENT

     This REGISTRATION RIGHTS AGREEMENT (the “Agreement”) is made and entered into as of
the ___ day of __________, 2006 (the “Effective Date”) by and between DIGIFONICA
INTERNATIONAL CORP., a Florida corporation (the “Company”) and, ___, a
___(the “Shareholder”).

R E C I T A L S:

     WHEREAS, the Shareholder is acquiring ___(___) shares (the “Shares”) of
the Company’s common stock, par value $0.001 per share (the “Common Stock”) and a warrant
(the “Warrant”) to purchase shares of Common Stock (the “Warrant Shares”), pursuant
to that certain Subscription Agreement by and between the Company and the Shareholder of even date
herewith (the “Subscription Agreement”); and

     WHEREAS, the Company desires to grant to the Shareholder certain registration rights relating
to the Shares and the Warrant Shares and the Shareholder desires to obtain such registration
rights, subject to the terms and conditions set forth herein;

     NOW, THEREFORE, in consideration of the mutual premises, representations, warranties and
conditions set forth in this Agreement, the parties hereto, intending to be legally bound, hereby
agree as follows:

     1. Definitions and References. For purposes of this Agreement, in addition to the
definitions set forth above and elsewhere herein, the following terms shall have the following
meanings:

          (a) The term “Commission” shall mean the Securities and Exchange Commission and any successor
agency.

          (b) The terms “register”, “registered” and “registration” shall refer to a registration
effected by preparing and filing a registration statement or similar document in compliance with
the 1933 Act (as herein defined) and the declaration or ordering of effectiveness of such
registration statement or document.

          (c) For purposes of this Agreement, the term “Registrable Stock” shall mean the Shares
acquired by Shareholders pursuant to the Subscription Agreements and the Warrant Shares in the
private placement arranged by Loewen Ondaatje McCutcheon which closed on August 9, 2006. For
purposes of this Agreement, any Registrable Stock shall cease to be Registrable Stock when (i) a
registration statement covering the offer and sale of such Registrable Stock has been declared
effective and such Registrable Stock has been disposed of pursuant to such effective registration
statement, (ii) such Registrable Stock is sold pursuant to Rule 144 (or any similar provision then
in force) under the 1933 Act, (iii) such Registrable Stock is eligible to be sold pursuant to Rule
144(k) under the 1933 Act, (iv) such Registrable Stock has been otherwise transferred, no stop
transfer order affecting such stock is in effect and the Company has delivered new certificates or
other evidences of ownership for such Registrable Stock not bearing any legend indicating that such
shares have not been registered under the 1933 Act, or (v) such Registrable Stock is sold by a
person in a transaction in which the rights under the provisions of this Agreement are not
assigned.

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SUBSCRIPTION AGREEMENT

Exhibit A-1

 

          (d) The term “Holder” shall mean the Shareholder or any transferee or assignee thereof to whom
the rights under this Agreement are assigned in accordance with Section 10 hereof,
provided that the Shareholder or such transferee or assignee shall then own the Registrable
Stock.

          (e) The term “1933 Act” shall mean the Securities Act of 1933, as amended.

          (f) An “affiliate of such Holder” shall mean a person who controls, is controlled by or is
under common control with a Holder, or the spouse or children (or a trust exclusively for the
benefit of the spouse and/or children) of a Holder, or, in the case of a Holder that is a
partnership, its partners.

          (g) The term “Person” shall mean an individual, corporation, partnership, trust, limited
liability company, unincorporated organization or association or other entity, including any
governmental entity.

          (h) The term “Requesting Holder” shall mean a Holder or Holders of in the aggregate at least a
majority of the Registrable Stock.

          (i) References in this Agreement to any rules, regulations or forms promulgated by the
Commission shall include rules, regulations and forms succeeding to the functions thereof, whether
or not bearing the same designation.

     2. Demand Registration.

          (a) Commencing February 9, 2007, any Requesting Holder may make a written request to the
Company (specifying that it is being made pursuant to this Section 2) that the Company file
a registration statement under the 1933 Act (or a similar document pursuant to any other statute
then in effect corresponding to the 1933 Act) covering the registration of Registrable Stock. In
such event the Company shall (i) within ten (10) days thereafter notify in writing all other
Holders of Registrable Stock of such request, and (ii) use commercially reasonable efforts to cause
such registration statement to be prepared and filed with the Commission under the 1933 Act
registering the resale of all Registrable Stock that the Requesting Holders and such other Holders
have, within forty-five (45) days after the Company has given such notice, requested be registered.

          (b) If the Holders intend to distribute the Registrable Stock covered by their request by
means of an underwritten offering, they shall so advise the Company. All Holders proposing to
distribute Registrable Stock through such underwritten offering shall enter into an underwriting
agreement in customary form with the underwriter or underwriters. Such underwriter or underwriters
shall be selected by a majority in interest of the Holders and shall be approved by the Company,
which approval shall not be unreasonably withheld; provided, that all of the
representations and warranties by, and the other agreements on the part of, the Company to and for
the benefit of such underwriters shall also be made to and for the benefit of such Holders and that
any or all of the conditions precedent to the obligations of such underwriters under such
underwriting agreement shall be conditions precedent to the obligations of such Holders; and
provided further, that no Holder shall be required to make any representations or
warranties to or agreements with the Company or the underwriters other than representations,
warranties or agreements regarding such Holder, the Registrable Stock of such Holder and such
Holder’s intended method of distribution and any other representation required by law or reasonably
required by the underwriter.

          (c) Notwithstanding any other provision of this Section 2 to the contrary, if the
managing underwriter of an underwritten offering of the Registrable Stock required to be registered

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SUBSCRIPTION AGREEMENT

Exhibit A-2

 

pursuant to this Section 2 advises the Holders in writing that in its opinion
marketing factors require a limitation of the number of shares to be underwritten, the Holders
shall so advise all Holders of Registrable Stock that would otherwise be underwritten pursuant
hereto, and the number of shares of Registrable Stock that may be included in such underwritten
offering shall be allocated among all such Holders, including the Holders, in proportion (as nearly
as practicable) to the amount of Registrable Stock requested to be included in such registration by
each Holder at the time of filing the registration statement; provided, that in the event
of such limitation of the number of shares of Registrable Stock to be underwritten, the Holders
shall be entitled to an additional demand registration pursuant to this Section 2. If any
Holder of Registrable Stock disapproves of the terms of the underwriting, such Holder may elect to
withdraw by written notice to the Company, the managing underwriter and the Holders. The
securities so withdrawn shall also be withdrawn from registration.

          (d) Notwithstanding any provision of this Agreement to the contrary, the Company shall not be
required to effect a registration pursuant to this Section 2 during the period starting
with the fourteenth (14th) day immediately preceding the date of an anticipated filing
by the Company of, and ending on a date ninety (90) days following the effective date of, a
registration statement pertaining to a public offering of securities for the account of the
Company; provided, that the Company shall actively employ in good faith all reasonable
efforts to cause such registration statement to become effective; and provided further,
that the Company’s estimate of the date of filing such registration statement shall be made in good
faith.

          (e) The Company shall be obligated to effect and pay for a total of only one (1) registration
pursuant to this Section 2, unless increased pursuant to Section 2(c) hereof;
provided, that a registration requested pursuant to this Section 2 shall not be
deemed to have been effected for purposes of this Section 2(e), unless (i) it has been
declared effective by the Commission (ii) if it is a shelf registration, it has remained effective
for the period set forth in Section 3(b), (iii) the offering of Registrable Stock pursuant
to such registration is not subject to any stop order, injunction or other order or requirement of
the Commission (other than any such action prompted by any act or omission of the Holders), and
(iv) no limitation of the number of shares of Registrable Stock to be underwritten has been
required pursuant to Section 2(c) hereof.

     3. Obligations of the Company. Whenever required under Section 2 to effect
the registration of any Registrable Stock, the Company shall, as expeditiously as possible:

          (a) prepare and file with the Commission such amendments and supplements to such registration
statement and the prospectus used in connection therewith as may be necessary to keep such
registration statement effective for eighteen (18) months or such shorter period which will
terminate when all Registrable Stock covered by such registration statement has been sold (but not
before the expiration of the forty (40) or ninety (90) day period referred to in Section 4(3) of
the 1933 Act and Rule 174 thereunder, if applicable), and comply with the provisions of the 1933
Act with respect to the disposition of all securities covered by such registration statement during
such period in accordance with the intended methods of disposition by the sellers thereof set forth
in such registration statement;

          (b) furnish to each Holder and any underwriter of Registrable Stock to be included in a
registration statement copies of such registration statement as filed and each amendment and
supplement thereto (in each case including all exhibits thereto), the prospectus included in such
registration statement (including each preliminary prospectus) and such other documents as such
Holder may reasonably request in order to facilitate the disposition of the Registrable Stock owned
by such Holder;

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Exhibit A-3

 

          (c) use its commercially reasonable efforts to register or qualify such Registrable Stock
under such other securities or blue sky laws of such jurisdictions as any selling Holder or any
underwriter of Registrable Stock reasonably requests, and do any and all other acts which may be
reasonably necessary or advisable to enable such Holder to consummate the disposition in such
jurisdictions of the Registrable Stock owned by such Holder; provided that the Company will
not be required to (i) qualify generally to do business in any jurisdiction where it would not
otherwise be required to qualify but for this Section 3(c) hereof, (ii) subject itself to
taxation in any such jurisdiction, or (iii) consent to general service of process in any such
jurisdiction;

          (d) use commercially reasonable efforts to cause the registration statement covering the
resale of the Registrable Stock to be declared effective by the Commission and such other
governmental agencies or other authorities as may be necessary by virtue of the business and
operations of the Company to enable the selling Holders thereof to consummate the disposition of
such Registrable Stock within one hundred fifty (150) days of the filing of such registration
statement;

          (e) notify each selling Holder of such Registrable Stock and any underwriter thereof, at any
time when a prospectus relating thereto is required to be delivered under the 1933 Act (even if
such time is after the period referred to in Section 3(a)), of the happening of any event
as a result of which the prospectus included in such registration statement contains an untrue
statement of a material fact or omits to state any material fact required to be stated therein or
necessary to make the statements therein in light of the circumstances being made not misleading,
and prepare a supplement or amendment to such prospectus so that, as thereafter delivered to the
Subscriber(s) of such Registrable Stock, such prospectus will not contain an untrue statement of a
material fact or omit to state any material fact required to be stated therein or necessary to make
the statements therein in light of the circumstances being made not misleading. Further, the
Company’s obligations under this Section 3 shall be suspended if (a) the fulfillment of
such obligations would require the Company to make a disclosure that would be detrimental to the
Company and the Company’s Board of Directors determines that it is in the best interests of the
Company to defer such obligations or (b) the fulfillment of such obligations would require the
Company to prepare financial statements not required to be prepared by the Company to comply with
its obligations under the Exchange Act at the time the Registration Statement is proposed to be
filed (the period during which either of the preceding conditions is in effect is referred to as a
“Permitted Black-Out Period”). A Permitted Black-Out Period will end, as applicable, upon
the making of the relevant disclosure by the Company (or, if earlier, when such disclosure would no
longer be necessary or detrimental) or as soon as it would no longer be necessary to prepare such
financial statements to comply with the Securities Act;

          (f) make available for inspection by any selling Holder, any underwriter participating in any
disposition pursuant to such registration statement, and any attorney, accountant or other agent
retained by any such seller or underwriter (collectively, the “Inspectors”), all financial
and other records, pertinent corporate documents and properties of the Company (collectively, the
“Records”), and cause the Company’s officers, directors and employees to supply all
information reasonably requested by any such Inspector, as shall be reasonably necessary to enable
them to exercise their due diligence responsibility, in connection with such registration
statement. Records or other information which the Company determines, in good faith, to be
confidential and which it notifies the Inspectors are confidential shall not be disclosed by the
Inspectors unless (i) the disclosure of such Records or other information is necessary to avoid or
correct a misstatement or omission in the registration statement, or (ii) the release of such
Records or other information is ordered pursuant to a subpoena or other order from a court of
competent jurisdiction. Each selling Holder shall, upon learning that disclosure of such Records or
other information is sought in a court of competent jurisdiction, give notice to the Company and
allow the Company, at the Company’s expense, to undertake appropriate action to prevent disclosure
of the Records or other information deemed confidential;

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Exhibit A-4

 

          (g) furnish, at the request of any Requesting Holder, on the date that such shares of
Registrable Stock are delivered to the underwriters for sale pursuant to such registration or, if
such Registrable Stock is not being sold through underwriters, on the date that the registration
statement with respect to such shares of Registrable Stock becomes effective, (1) a signed opinion,
dated such date, of Hughes & Luce, LLP for the purposes of such registration, addressed to the
underwriters, if any, and if such Registrable Stock is not being sold through underwriters, then to
the Holders as to such matters as such underwriters or the Holders, as the case may be, may
reasonably request and as would be customary in such a transaction; and (2) a letter dated such
date, from the independent certified public accountants of the Company, addressed to the
underwriters, if any, and if such Registrable Stock is not being sold through underwriters, then to
the Holders and, if such accountants refuse to deliver such letter to such Holder, then to the
Company (i) stating that they are independent certified public accountants within the meaning of
the 1933 Act and that, in the opinion of such accountants, the financial statements and other
financial data of the Company included in the registration statement or the prospectus, or any
amendment or supplement thereto, comply as to form in all material respects with the applicable
accounting requirements of the 1933 Act, and (ii) covering such other financial matters (including
information as to the period ending not more than five (5) business days prior to the date of such
letter) with respect to the registration in respect of which such letter is being given as the
Holders may reasonably request and as would be customary in such a transaction;

          (h) enter into customary agreements (including if the method of distribution is by means of an
underwriting, an underwriting agreement in customary form) and take such other actions as are
reasonably required in order to expedite or facilitate the disposition of the Registrable Stock to
be so included in the registration statement;

          (i) otherwise use its commercially reasonable efforts to comply with all applicable rules and
regulations of the Commission, and make available to its security holders, as soon as reasonably
practicable, but not later than eighteen (18) months after the effective date of the registration
statement, an earnings statement covering the period of at least twelve (12) months beginning with
the first full month after the effective date of such registration statement, which earnings
statements shall satisfy the provisions of Section 11(a) of the 1933 Act; and

          (j) use commercially reasonable efforts to cause all such Registrable Stock to be listed on
any national securities exchange or quoted on any quotation system on which similar securities
issued by the Company are then listed or quoted.

     The Company may require each selling Holder of Registrable Stock as to which any registration
is being effected to furnish to the Company such information regarding the distribution of such
Registrable Stock as the Company may from time to time reasonably request in writing.

     Each Holder agrees that, upon receipt of any notice from the Company of the happening of any
event of the kind described in Section 3(e) hereof, such Holder will forthwith discontinue
disposition of Registrable Stock pursuant to the registration statement covering such Registrable
Stock until such Holder’s receipt of the copies of the supplemented or amended prospectus
contemplated by Section 3(e) hereof, and, if so directed by the Company, such Holder will
deliver to the Company (at the Company’s expense) all copies, other than permanent file copies then
in such Holder’s possession, of the prospectus covering such Registrable Stock current at the time
of receipt of such notice. In the event the Company shall give any such notice, the Company shall
extend the period during which such registration statement shall be maintained effective pursuant
to this Agreement (including the period referred to in Section 3(a)) by the number of days
during the period from and including the date of the giving of such notice pursuant to Section
3(e) hereof to and including the date when each selling Holder of Registrable Stock covered by

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SUBSCRIPTION AGREEMENT

Exhibit A-5

 

such registration statement shall have received the copies of the supplemented or amended
prospectus contemplated by Section 3(e) hereof.

     4. Incidental Registration. Commencing immediately after the date of Closing (as
defined in the Subscription Agreement), if the Company determines that it shall file a registration
statement under the 1933 Act (other than a registration statement on a Form S-4 or S-8 or filed in
connection with an exchange offer or an offering of securities solely to the Company’s existing
stockholders) on any form that would also permit the registration of the resale of the Registrable
Stock and such filing is to be on its behalf and/or on behalf of selling holders of its securities
for the general registration of its Common Stock to be sold for cash, at each such time the Company
shall promptly give each Holder written notice of such determination setting forth the date on
which the Company proposes to file such registration statement, which date shall be no earlier than
thirty (30) days from the date of such notice, and advising each Holder of its right to have
Registrable Stock included in such registration. Upon the written request of any Holder received by
the Company no later than twenty (20) days after the date of the Company’s notice, the Company
shall use its best efforts to cause to be registered under the 1933 Act all of the Registrable
Stock that each such Holder has so requested to be registered. If, in the written opinion of the
managing underwriter or underwriters (or, in the case of a non-underwritten offering, in the
written opinion of the placement agent, or if there is none, the Company), the total amount of such
securities to be so registered, including such Registrable Stock, will exceed the maximum amount of
the Company’s securities which can be marketed (i) at a price reasonably related to the then
current market value of such securities, or (ii) without otherwise materially and adversely
affecting the entire offering, then the amount of Registrable Stock to be offered for the accounts
of Holders shall be reduced pro rata to the extent necessary to reduce the total amount of
securities to be included in such offering to the recommended amount; provided, that if
securities are being offered for the account of other Persons as well as the Company, such
reduction shall not represent a greater fraction of the number of securities intended to be offered
by Holders than the fraction of similar reductions imposed on such other Persons other than the
Company over the amount of securities they intended to offer.

     5. Holdback Agreement — Restrictions on Public Sale by Holder.

          (a) To the extent not inconsistent with applicable law, each Holder whose Registrable Stock is
included in a registration statement agrees not to effect any public sale or distribution of the
issue being registered or a similar security of the Company, or any securities convertible into or
exchangeable or exercisable for such securities, including a sale pursuant to Rule 144 under the
1933 Act, during the fourteen (14) days prior to, and during the one hundred eighty (180) day
period beginning on, the effective date of such registration statement (except as part of the
registration), if and to the extent requested by the Company in the case of a nonunderwritten
public offering or if and to the extent requested by the managing underwriter or underwriters in
the case of an underwritten public offering.

          (b) Restrictions on Public Sale by the Company and Others. The Company agrees (i) not
to effect any public sale or distribution of any securities similar to those being registered, or
any securities convertible into or exchangeable or exercisable for such securities, during the
fourteen (14) days prior to, and during the ninety (90) day period beginning on, the effective date
of any registration statement in which Holders are participating (except as part of such
registration), if and to the extent requested by the Holders in the case of a non-underwritten
public offering or if and to the extent requested by the managing underwriter or underwriters in
the case of an underwritten public offering; and (ii) that any agreement entered into after the
date of this Agreement pursuant to which the Company issues or agrees to issue any securities
convertible into or exchangeable or exercisable for such securities (other than pursuant to an
effective registration statement) shall contain a provision under which holders of such

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SUBSCRIPTION AGREEMENT

Exhibit A-6

 

securities agree not to effect any public sale or distribution of any such securities during
the periods described in (i) above, in each case including a sale pursuant to Rule 144 under the
1933 Act.

     6. Expenses of Registration. The Company shall bear all expenses incurred in
connection with each registration pursuant to Sections 2 and 4 of this Agreement,
excluding underwriters’ discounts and selling commissions, but including, without limitation, all
registration, filing and qualification fees, word processing, duplicating, printers’ and accounting
fees (including the expenses of any special audits or “cold comfort” letters required by or
incident to such performance and compliance), exchange listing fees or National Association of
Securities Dealers fees, messenger and delivery expenses, all fees and expenses of complying with
securities or blue sky laws, fees and disbursements of counsel for the Company. The selling
Holders shall bear and pay the underwriting commissions and discounts applicable to the Registrable
Stock offered for their account in connection with any registrations, filings and qualifications
made pursuant to this Agreement.

     7. Indemnification and Contribution.

          (a) Indemnification by the Company. The Company agrees to indemnify, to the full
extent permitted by law, each Holder, its officers, directors and agents and each Person who
controls such Holder (within the meaning of the 1933 Act) against all losses, claims, damages,
liabilities and expenses caused by any untrue or alleged untrue statement of material fact
contained in any registration statement, prospectus or preliminary prospectus or any omission or
alleged omission to state therein a material fact required to be stated therein or necessary to
make the statement therein (in case of a prospectus or preliminary prospectus, in the light of the
circumstances under which they were made) not misleading. The Company will also indemnify any
underwriters of the Registrable Stock, their officers and directors and each Person who controls
such underwriters (within the meaning of the 1933 Act) to the same extent as provided above with
respect to the indemnification of the selling Holders.

          (b) Indemnification by Holders. In connection with any registration statement in which
a Holder is participating, each such Holder will furnish to the Company in writing such information
with respect to such Holder as the Company reasonably requests for use in connection with any such
registration statement or prospectus and agrees to indemnify, to the extent permitted by law, the
Company, its directors and officers and each Person who controls the Company (within the meaning of
the 1933 Act) against any losses, claims, damages, liabilities and expenses resulting from any
untrue or alleged untrue statement of material fact or any omission or alleged omission of a
material fact required to be stated in the registration statement, prospectus or preliminary
prospectus or any amendment thereof or supplement thereto or necessary to make the statements
therein (in the case of a prospectus or preliminary prospectus, in the light of the circumstances
under which they were made) not misleading, to the extent, but only to the extent, that such untrue
statement or omission is contained in any information with respect to such Holder so furnished in
writing by such Holder. Notwithstanding the foregoing, the liability of each such Holder under this
Section 7(b) shall be limited to an amount equal to the initial public offering price of
the Registrable Stock sold by such Holder, unless such liability arises out of or is based on
willful misconduct of such Holder.

          (c) Conduct of Indemnification Proceedings. Any Person entitled to indemnification
hereunder agrees to give prompt written notice to the indemnifying party after the receipt by such
Person of any written notice of the commencement of any action, suit, proceeding or investigation
or threat thereof made in writing for which such Person will claim indemnification or contribution
pursuant to this Agreement and, unless in the reasonable judgment of such indemnified party, a
conflict of interest may exist between such indemnified party and the indemnifying party with
respect to such claim, permit the indemnifying party to assume the defense of such claims with
counsel reasonably satisfactory to such

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SUBSCRIPTION AGREEMENT

Exhibit A-7

 

indemnified party. Whether or not such defense is assumed by the indemnifying party, the
indemnifying party will not be subject to any liability for any settlement made without its consent
(but such consent will not be unreasonably withheld). Failure by such Person to provide said notice
to the indemnifying party shall itself not create liability except to the extent of any injury
caused thereby. No indemnifying party will consent to entry of any judgment or enter into any
settlement which does not include as an unconditional term thereof the giving by the claimant or
plaintiff to such indemnified party of a release from all liability in respect of such claim or
litigation. If the indemnifying party is not entitled to, or elects not to, assume the defense of a
claim, it will not be obligated to pay the fees and expenses of more than one (1) counsel with
respect to such claim, unless in the reasonable judgment of any indemnified party a conflict of
interest may exist between such indemnified party and any other such indemnified parties with
respect to such claim, in which event the indemnifying party shall be obligated to pay the fees and
expenses of such additional counsel or counsels.

          (d) Contribution. If for any reason the indemnity provided for in this Section
7 is unavailable to, or is insufficient to hold harmless, an indemnified party, then the
indemnifying party shall contribute to the amount paid or payable by the indemnified party as a
result of such losses, claims, damages, liabilities or expenses (i) in such proportion as is
appropriate to reflect the relative benefits received by the indemnifying party on the one hand and
the indemnified party on the other, or (ii) if the allocation provided by clause (i) above is not
permitted by applicable law, or provides a lesser sum to the indemnified party than the amount
hereinafter calculated, in such proportion as is appropriate to reflect not only the relative
benefits received by the indemnifying party on the one hand and the indemnified party on the other
but also the relative fault of the indemnifying party and the indemnified party as well as any
other relevant equitable considerations. The relative fault of such indemnifying party and
indemnified parties shall be determined by reference to, among other things, whether any action in
question, including any untrue or alleged untrue statement of a material fact or omission or
alleged omission to state a material fact, has been made by, or relates to information supplied by,
such indemnifying party or indemnified parties; and the parties’ relative intent, knowledge, access
to information and opportunity to correct or prevent such action. The amount paid or payable by a
party as a result of the losses, claims, damages, liabilities and expenses referred to above shall
be deemed to include, subject to the limitations set forth in Section 7(c), any legal or
other fees or expenses reasonably incurred by such party in connection with any investigation or
proceeding.

     The parties hereto agree that it would not be just and equitable if contribution pursuant to
this Section 7(d) were determined by pro rata allocation or by any other method of
allocation which does not take account of the equitable considerations referred to in the
immediately preceding paragraph. No Person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the 1933 Act) shall be entitled to contribution from any Person who was
not guilty of such fraudulent misrepresentation.

     If indemnification is available under this Section 7, the indemnifying parties shall
indemnify each indemnified party to the full extent provided in Sections 7(a) and
7(b) without regard to the relative fault of said indemnifying party or indemnified party
or any other equitable consideration provided for in this Section 7.

     8. Participation in Underwritten Registrations. No Holder may participate in any
underwritten registration hereunder unless such Holder (a) agrees to sell such Holder’s securities
on the basis provided in any underwriting arrangements approved by the Holders entitled hereunder
to approve such arrangements, and (b) completes and executes all questionnaires, powers of
attorney, indemnities, underwriting agreements and other documents reasonably required under the
terms of such underwriting arrangements.

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SUBSCRIPTION AGREEMENT

Exhibit A-8

 

     9. Rule 144. After a registration statement has been filed under the 1933 Act and
declared effective by the Commission, the Company covenants that it will file the reports required
to be filed by it under the 1933 Act and the Securities Exchange Act of 1934, as amended, and the
rules and regulations adopted by the Commission thereunder; and it will take such further action as
any Holder may reasonably request, all to the extent required from time to time to enable such
Holder to sell Registrable Stock without registration under the 1933 Act within the limitation of
the exemptions provided by (a) Rule 144 under the 1933 Act, as such Rule may be amended from time
to time, or (b) any similar rule or regulation hereafter adopted by the Commission. Upon the
request of any Holder, the Company will deliver to such Holder a written statement as to whether it
has complied with such requirements.

     10. Transfer of Registration Rights. The registration rights of Holder under this
Agreement with respect to any Registrable Stock may not be transferred to any third party other
than to an “affiliate” of such Holder; provided that such transfer is effected in
accordance with applicable securities laws; provided further, that the transferring Holder
shall give the Company written notice at or prior to the time of such transfer stating the name and
address of the transferee and identifying the securities with respect to which the rights under
this Agreement are being transferred; provided further, that such transferee shall agree in
writing, in form and substance satisfactory to the Company, to be bound as a Holder by the
provisions of this Agreement; and provided further, that such assignment shall be effective
only if immediately following such transfer the further disposition of such securities by such
transferee is restricted under the 1933 Act. Except as set forth in this Section 10, a
transfer of Registrable Stock shall cause such Registrable Stock to lose such status.

     11. Mergers, Etc. The Company shall not, directly or indirectly, enter into any
merger, consolidation or reorganization in which the Company shall not be the surviving corporation
unless the proposed surviving corporation shall, prior to such merger, consolidation or
reorganization, agree in writing to assume the obligations of the Company under this Agreement, and
for that purpose references hereunder to “Registrable Stock” shall be deemed to be references to
the securities which the Holders would be entitled to receive in exchange for Registrable Stock
under any such merger, consolidation or reorganization; provided, however, that the
provisions of this Section 11 shall not apply in the event of any merger, consolidation or
reorganization in which the Company is not the surviving corporation if each Holder is entitled to
receive in exchange for its Registrable Stock consideration consisting solely of (i) cash, (ii)
securities of the acquiring corporation which may be immediately sold to the public without
registration under the 1933 Act, or (iii) securities of the acquiring corporation which the
acquiring corporation has agreed to register within ninety (90) days of completion of the
transaction for resale to the public pursuant to the 1933 Act.

     12. Miscellaneous.

          (a) No Inconsistent Agreements. The Company will not hereafter enter into any
agreement with respect to its securities which is inconsistent with the rights granted to the
Holders in this Agreement.

          (b) Remedies. Each Holder, in addition to being entitled to exercise all rights
granted by law, including recovery of damages, will be entitled to specific performance of its
rights under this Agreement. The Company agrees that monetary damages would not be adequate
compensation for any loss incurred by reason of a breach by it of the provisions of this Agreement
and hereby agrees to waive (to the extent permitted by law) the defense in any action for specific
performance that a remedy of law would be adequate.

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SUBSCRIPTION AGREEMENT

Exhibit A-9

 

          (c) Amendments and Waivers. The provisions of this Agreement may not be amended,
modified or supplemented, and waivers or consents to departures from the provisions hereof may not
be given unless the Company has obtained the written consent of the Holders of at least a majority
of the Registrable Stock then outstanding affected by such amendment, modification, supplement,
waiver or departure.

          (d) Successors and Assigns. Except as otherwise expressly provided herein, the terms
and conditions of this Agreement shall inure to the benefit of and be binding upon the respective
successors and assigns of the parties hereto. Nothing in this Agreement, express or implied, is
intended to confer upon any Person other than the parties hereto or their respective successors and
assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement,
except as expressly provided in this Agreement.

          (e) Governing Law; Venue. This Agreement shall be governed by and construed in
accordance with the internal laws of the State of Texas applicable to contracts made and to be
performed wholly within that state, without regard to the conflict of law rules thereof. If any
action is brought to enforce or interpret this Agreement, venue for such action shall be in Dallas
County, Texas.

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

          (g) Headings. The headings in this Agreement are used for convenience of reference
only and are not to be considered in construing or interpreting this Agreement.

          (h) Notices. Any notice required or permitted under this Agreement shall be given in
writing and shall be delivered in person or by telecopy or by overnight courier guaranteeing no
later than second business day delivery, directed to (i) the Company at the address set forth below
its signature hereof or (ii) a Holder at the address of the Administrator set forth below its
signature hereof. Any party may change its address for notice by giving ten (10) days advance
written notice to the other parties. Every notice or other communication hereunder shall be deemed
to have been duly given or served on the date on which personally delivered, or on the date
actually received, if sent by telecopy or overnight courier service, with receipt acknowledged.

          (i) Severability. In the event that any one or more of the provisions contained
herein, or the application thereof in any circumstances, is held invalid, illegal or unenforceable
in any respect for any reason, the validity, legality and enforceability of any such provision in
every other respect and of the remaining provisions contained herein shall not be in any way
impaired thereby, it being intended that all of the rights and privileges of the Holders shall be
enforceable to the fullest extent permitted by law.

          (j) Entire Agreement. This Agreement is intended by the parties as a final expression
of their agreement and intended to be a complete and exclusive statement of the agreement and
understanding of the parties hereto in respect of the subject matter contained herein. There are no
restrictions, promises, warranties or undertakings other than those set forth or referred to
herein. This Agreement supersedes all prior agreements and understandings between the parties with
respect to such subject matter.

          (k) Enforceability. This Agreement shall remain in full force and effect
notwithstanding any breach or purported breach of, or relating to, the Subscription Agreement.

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SUBSCRIPTION AGREEMENT

Exhibit A-10

 

     13. Recitals. The recitals are hereby incorporated in the Agreement as if fully set
forth herein.

     14. Facsimile Signature. This Agreement may be executed by facsimile copy and any
such facsimile copy bearing the facsimile signature of any party hereto shall have full legal force
and effect and shall be binding against the party having executed this Agreement by facsimile.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

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A-11

 

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

	 	 	 	 	 
	 	 	DIGIFONICA INTERNATIONAL CORP.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 	 	EMIL MALAK, Chairman

	 
	 	 	 	 
	 	 	4710 Kingsway
	 	 	Suite 1424
	 	 	Burnaby, BC V5H 4M2
	 	 	Canada
	 
	 	 	 	 
	 	 	SHAREHOLDER
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	[PLEASE CLEARLY PRINT]

	 
	 	 	 	 
	 	 	Address:
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	 
	 

	 	Tele:	 	 
	 

	 	 	 	 

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SUBSCRIPTION AGREEMENT

A-12

 

Exhibit “B”

CERTIFICATE

			
	TO:	 	DIGIFONICA INTERNATIONAL CORP.

			
	AND TO:	 	LOEWEN ONDAATJE MCCUTCHEON LIMITED

In connection with the purchase by the undersigned or the disclosed principal, as the case may
be, (the “Purchaser”) of the shares and the warrants (the “Purchased Securities”)
of Digifonica International Corp. (the “Corporation”), the undersigned hereby represents,
warrants, covenants to and with you and certifies to you (on behalf of itself or on behalf of the
disclosed principal, as the case may be) that:

	I.	 	ALL SUBSCRIBERS PURCHASING UNDER THE “ACCREDITED INVESTOR” EXEMPTION

	1.	 	the Purchaser (the undersigned or, if the undersigned is purchasing the Purchased Securities as agent on behalf of
a disclosed beneficial purchaser who is purchasing the Purchased Securities as principal, such beneficial purchaser being
referred to herein as the “Purchaser”) is resident in the Province of British Columbia, Alberta, or Ontario or is subject
to the securities laws of the Province of British Columbia, Alberta or Ontario;
	 
	2.	 	the Purchaser is purchasing the Purchased Securities as principal or is deemed under National Instrument 45-106 -
Prospectus and Registration Exemptions of the Canadian Securities Administrators (“NI 45-106”) to be purchasing the
Purchased Securities as principal (for certainty, the Purchaser confirms and certifies that it is not a trust company or
trust corporation registered under the laws of Prince Edward Island that is not registered or authorized under the Trust
and Loan Companies Act (Canada) or under comparable legislation in another jurisdiction in Canada);
	 
	3.	 	the Purchaser is (please initial the appropriate line below):

	 	(a)	 	___an “accredited investor” within the meaning of NI 45-106, by
virtue of satisfying the indicated criterion as set out in appendix “A” to this
certificate (YOU MUST ALSO INITIAL THE APPROPRIATE LINE IN APPENDIX A TO THIS
CERTIFICATE); or
	 
	 	(b)	 	___an “affiliate” within the meaning of NI 45-106 of the Corporation.

	4.	 	the above representations and warranties will be true and correct both as of the execution of this certificate and
as of the closing time of the purchase and sale of the Purchased Securities and the Purchaser acknowledges that they will
survive the completion of the issue of the Purchased Securities.

The undersigned acknowledges that the foregoing representations and warranties are made by the undersigned with the intent that they be relied upon in
determining the suitability of the Purchaser as a purchaser of the Purchased Securities and that this certificate is incorporated into and forms part of
the Subscription Agreement and the undersigned undertakes to immediately notify the Corporation of any change in any statement or other information
relating to the Purchaser set forth herein which takes place prior to the closing time of the purchase and sale of the Purchased Securities.

Dated: August 9, 2006.

	 	 	 	 	 
	 	 	 
	 	 	Print name of Purchaser
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Signature
	 
	 	 	 	 
	 	 	 
	 	 	Title
	 
	 	 	 	 
	 	 	 
	 	 	(please print name of individual whose signature
appears above, if different from name of Purchaser
printed above)

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SUBSCRIPTION AGREEMENT

B-1

 

Appendix A to Exhibit B

Accredited Investor - (defined in NI 45-106) 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)
	 	a subsidiary of any person referred to in paragraph (a) or (b), if the person owns all of the voting securities of the subsidiary, except
the voting securities required by law to be owned by directors of that subsidiary,
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	(d)
	 	a person registered under the securities legislation of a jurisdiction of Canada as an adviser or dealer, other than a person registered
solely as a limited market dealer under one or both of the Securities Act (Ontario) or the Securities Act (Newfoundland and Labrador),
	 
	 	 	 	 
	 
	 	 	 	 
	 

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

	 	(f)
	 	the Government of Canada or a jurisdiction of Canada, or any crown corporation, agency or wholly-owned entity of the Government of Canada
or a jurisdiction of Canada,
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	(g)
	 	a municipality, public board or commission in Canada and a metropolitan community, school board, the Comité de gestion de la taxe scolaire
de l’île de Montréal or an intermunicipal management board in Quebec,
	 
	 	 	 	 
	 
	 	 	 	 
	 

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

	 	(i)
	 	a pension fund that is regulated by either the Office of the Superintendent of Financial Institutions (Canada) or a pension commission or
similar regulatory authority of a jurisdiction of Canada,
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	(j)
	 	an individual who, either alone or 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 $1,000,000,
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	(k)
	 	an individual whose net income before taxes exceeded $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 calendar years and who, in either case, reasonably expects
to exceed that net income level in the current calendar year,
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	(l)
	 	an individual who, either alone or with a spouse, has net assets of at least $5,000,000,
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	(m)
	 	a person, other than an individual or investment fund, that has net assets of at least $5,000,000 as shown on its most recently prepared
financial statements,
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	(n)
	 	an investment fund that distributes or has distributed its securities only to
	 
	 	 	 	 

	 	(i)	 	a person that is or was an accredited investor at the time of the distribution,
	 
	 	(ii)	 	a person that acquires or acquired securities in the circumstances referred to in
sections 2.10 [Minimum amount investment] and 2.19 [Additional investment in investment
funds] of NI 45-106, or

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SUBSCRIPTION AGREEMENT

B-2

 

	 	(iii)	 	a person described in paragraph (i) or (ii) immediately above that acquires or
acquired securities under section 2.18 [Investment fund reinvestment] of NI 45-106,

	 	 	 	 	 
	 

	 	(o)
	 	an investment fund that distributes or had distributed securities under a prospectus in a jurisdiction of Canada for which the
regulator or, in Quebec, the securities regulatory authority, has issued a receipt,
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	(p)
	 	a trust company or trust corporation registered or authorized to carry on business under the Trust and Loan Companies Act (Canada) or under
comparable legislation in a jurisdiction of Canada or a foreign jurisdiction, acting on behalf of a fully managed account managed by the
trust company or trust corporation, as the case may be,
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	(q)
	 	a person acting on behalf of a fully managed account managed by that person, if that person
	 
	 	 	 	 

	 	(i)	 	is registered or authorized to carry on business as an adviser or the equivalent
under the securities legislation of a jurisdiction of Canada or a foreign jurisdiction,
and
	 
	 	(ii)	 	In Ontario, is purchasing a security that is not a security of an investment fund,

	 	 	 	 	 
	 

	 	(r)
	 	a registered charity under the Income Tax Act (Canada) that, in regard to the trade, has obtained advice from an eligibility adviser or an
adviser registered under the securities legislation of the jurisdiction of the registered charity to give advice on the securities being
traded,
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	(s)
	 	an entity organized in a foreign jurisdiction that is analogous to any of the entities referred to in paragraphs (a) through (d) or
paragraph (i) in form and function,
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	(t)
	 	a person in respect of which all of the owners of interests, direct, indirect or beneficial, except the voting securities required by law
to be owned by directors, are persons that are accredited investors,
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	(u)
	 	an investment fund that is advised by a person registered as an adviser or a person that is exempt from registration as an adviser, or
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	(v)
	 	a person that is recognized or designated by the securities regulatory authority or, except in Ontario and Quebec, the regulator as
	 
	 	 	 	 

	 	(i)	 	an accredited investor, or
	 
	 	(ii)	 	an exempt purchaser in British Columbia or Alberta.

			
	NOTE:	 	The investor should initial or place a check-mark beside the portion of the above definition
applicable to the investor.

For the purposes hereof:

	(a)	 	“Canadian financial institution” means

	 	(i)	 	an association governed by the Cooperative Credit Associations Act (Canada) or a
central cooperative credit society for which an order has been made under section
473(1) of the Cooperative Credit Associations Act (Canada), or
	 
	 	(ii)	 	a bank, loan corporation, trust company, trust corporation, insurance company,
treasury branch, credit union, caisse populaire, financial services cooperative, or
league that, in each case, is authorized by an enactment of Canada or a jurisdiction of
Canada to carry on business in Canada or a jurisdiction of Canada;

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SUBSCRIPTION AGREEMENT

B-3

 

	(b)	 	“control person” has the meaning ascribed to that term in securities legislation except in Manitoba, Ontario,
Quebec, Nova Scotia, Newfoundland and Labrador, Prince Edward Island, the Northwest Territories and Nunavut where
“control person” means any person that holds or is one of a combination of persons that holds

	 	(i)	 	a sufficient number of any of the securities of an issuer so as to affect
materially the control of the issuer, or
	 
	 	(ii)	 	more than 20% of the outstanding voting securities of an issuer except where
there is evidence showing that the holding of those securities does not affect
materially the control of that issuer;

	(c)	 	“eligibility adviser” means

	 	(i)	 	a person that is registered as an investment dealer or in an equivalent category
of registration under the securities legislation of the jurisdiction of a purchaser and
authorized to give advice with respect to the type of security being distributed, and
	 
	 	(ii)	 	in Saskatchewan or Manitoba, also means a lawyer who is a practising member in
good standing with a law society of a jurisdiction of Canada or a public accountant who
is a member in good standing of an institute or association of chartered accountants,
certified general accountants or certified management accountants in a jurisdiction of
Canada provided that the lawyer or public accountant must not:

	 	(A)	 	have a professional, business or
personal relationship with the issuer,
or any of its directors, executive
officers, founders or control persons,
and
	 
	 	(B)	 	have acted for or been retained
personally or otherwise as an employee,
executive officer, director, associate
or partner of a person that has acted
for or been retained by the issuer or
any of its directors, executive
officers, founders or control persons
within the previous 12 months;

	(d)	 	“executive officer” means, for an issuer, an individual who is

	 	(i)	 	a chair, vice-chair or president,
	 
	 	(ii)	 	a vice-president in charge of a principal business unit, division or function
including sales, finance or production,
	 
	 	(iii)	 	an officer of the issuer or any of its subsidiaries and who performs a
policy-making function in respect of the issuer, or
	 
	 	(iv)	 	performing a policy-making function in respect of the issuer;

	(e)	 	“financial assets” means (i) cash, (ii) securities or a (iii) contract of insurance, a deposit or an evidence
of a deposit that is not a security for the purposes of securities legislation;
	 
	(f)	 	“founder” means, in respect of an issuer, a person who,

	 	(i)	 	acting alone, in conjunction or in concert with one or more persons, directly or
indirectly, takes the initiative in founding, organizing or substantially reorganizing
the business of the issuer, and
	 
	 	(ii)	 	at the time of the trade is actively involved in the business of the issuer;

	(g)	 	“fully managed account” means an account of a client for which a person makes the investment decisions if that
person has full discretion to trade in securities for the account without requiring the client’s express consent to
a transaction;
	 
	(h)	 	“investment fund” has the meaning ascribed thereto in National Instrument 81-106 — Investment Fund Continuous
Disclosure;
	 
	(i)	 	“person” includes

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	 	(i)	 	an individual,
	 
	 	(ii)	 	a corporation,
	 
	 	(iii)	 	a partnership, trust, fund and an association, syndicate, organization or other
organized group of persons, whether incorporated or not, and
	 
	 	(iv)	 	an individual or other person in that person’s capacity as a trustee, executor,
administrator or personal or other legal representative;

	(j)	 	“related liabilities” means

	 	(i)	 	liabilities incurred or assumed for the purpose of financing the acquisition or
ownership of financial assets, or
	 
	 	(ii)	 	liabilities that are secured by financial assets.

	(k)	 	“spouse” means, an individual who,

	 	(i)	 	is married to another individual and is not living separate and apart within the
meaning of the Divorce Act (Canada), from the other individual,
	 
	 	(ii)	 	is living with another individual in a marriage-like relationship, including a
marriage-like relationship between individuals of the same gender, or
	 
	 	(iii)	 	in Alberta, is an individual referred to in paragraph (i) or (ii) immediately
above or is an adult interdependent partner within the meaning of the Adult
Interdependent Relationships Act (Alberta); and

	(l)	 	“subsidiary” means an issuer that is controlled directly or indirectly by another issuer and includes a
subsidiary of that subsidiary;

Affiliated Entities and Control

	a.	 	An issuer is considered to be an affiliate of another issuer if one of them is the subsidiary of the other, or if each of them is
controlled by the same person.
	 
	b.	 	A person (first person) is considered to control another person (second person) if

	 	(i)	 	the first person, directly or indirectly, beneficially owns or exercises control or direction over securities of the second
person carrying votes which, if exercised, would entitle the first person to elect a majority of the directors of the second
person, unless the first person holds the voting securities only to secure an obligation,
	 
	 	(ii)	 	the second person is a partnership, other than a limited partnership, and the first person holds more than 50% of the
interests in the partnership, or
	 
	 	(iii)	 	the second person is a limited partnership and the general partner of the limited partnership is the first person.

All monetary references are in Canadian Dollars

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Exhibit “C”

OFFSHORE INVESTOR CERTIFICATE

     In addition to the representations and warranties made by the Subscriber in Section 5 of the
Subscription Agreement, the Subscriber (and, if the Subscriber is acting on behalf of a principal,
such principal) hereby represents and warrants to the Company as follows:

	 	1.	 	Neither the Subscriber nor any beneficial purchaser for whom it is contracting
hereunder is a U.S. Person or a person within the United States and it is not acquiring the
Securities for the account of a U.S. Person or a person within the United States.
	 
	 	2.	 	The Securities have not been offered to the Subscriber in the United States, and the
individuals making the order to purchase the Securities and executing and delivering the
Subscription Agreement on behalf of the Subscriber were not in the United States when the
order was placed.
	 
	 	3.	 	The Subscriber will not offer or sell any of the Securities in the United States unless
such Securities are registered under the Securities Act and the securities laws of all
applicable states of the United States, or an exemption from such registration requirements
is available.
	 
	 	4.	 	The Subscriber is aware that the Securities have been nor will they be registered under
the Securities Act or the securities laws of any state and that the Securities may not be
offered or sold, directly or indirectly, in the United States without registration under
the Securities Act or compliance with requirements of an exemption from registration and
the Subscriber acknowledge that the Company has no present intention of filing a
registration statement under the Securities Act in respect of such securities.
	 
	 	5.	 	If Subscriber is acting in this transaction as a “distributor” (as defined under
Regulation S promulgated under the Securities Act), then it will be reselling the
Securities only in an offshore transaction and will advise the ultimate Subscriber, or any
other distributor to whom they sell the shares that they will be subject to the same
restrictions on resale to which they are subject under said Regulation S. Otherwise, as
the ultimate Subscriber in this offering, Subscriber is acquiring the Securities solely for
their own personal account, for investment purpose only, and is not purchasing with a view
to, or for, the resale, distribution, subdivision or fractionalization thereof.
	 
	 	6.	 	The Subscriber is neither a member of nor is affiliated with or employed by a member of
the National Association of Securities Dealers, Inc., nor is employed by or affiliated with
a broker-dealer registered with the U.S. Securities and Exchange Commission nor with any
similar agency of any state.
	 
	 	7.	 	The Subscriber understands that if it (or any beneficial purchaser on whose behalf it
is acting) decides to offer, sell or otherwise transfer any of the Securities, they may be
offered, sold or otherwise transferred only (i) to the Company, (ii) outside the United
States in compliance with Rule 904 of Regulation S, (iii) in compliance with the exemption
from registration under the Securities Act provided by Rule 144 or Rule 144A thereunder, if
available, and in compliance with any applicable state securities laws, or (iv) with the
prior written consent of the Corporation pursuant to another exemption from registration
under the Securities Act and in compliance with any applicable state securities laws, and
covenants that it (and any beneficial purchaser for whom it is acting) will not offer or
sell the Securities in the United States or to a U.S. Person except as set out above.

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	 	8.	 	The Subscriber understands that upon the original issuance thereof, and until such time
as the same is no longer required under applicable requirements of the Securities Act or
applicable state securities laws, certificates representing the Securities, and all
certificates issued in exchange therefore or in substitution thereof, shall bear the
following legend:

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), AND, ACCORDINGLY, MAY NOT BE
OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF,
U.S. PERSONS, EXCEPT AS SET FORTH BELOW. BY ITS ACQUISITION HEREOF, THE HOLDER
REPRESENTS THAT HEDGING TRANSACTIONS INVOLVING THESE SECURITIES WILL NOT BE
CONDUCTED UNLESS IN COMPLIANCE WITH THE ACT AND IT IS NOT A U.S. PERSON AND IS
ACQUIRING THESE SECURITIES IN AN OFFSHORE TRANSACTION, AND AGREES THAT IT WILL NOT
RESELL OR OTHERWISE TRANSFER THE SECURITIES REPRESENTED BY THIS CERTIFICATE EXCEPT
(A) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT, (B) OUTSIDE THE
UNITED STATES IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 UNDER THE ACT,
OR (C) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
ACT (IF AVAILABLE) AND AGREES THAT IT WILL GIVE EACH PERSON TO WHOM THESE SECURITIES
ARE TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND, OR AN OPINION
SATISFACTORY TO THE ISSUER AND ITS COUNSEL TO THE EFFECT THAT REGISTRATION IS NOT
REQUIRED UNDER THE ACT.

	 	9.	 	Neither the Subscriber, nor any affiliate, nor any person acting on their behalf, has
made any “directed selling efforts” in the United States, as defined in Regulation S to be:
any activity undertaken for the purpose of, or that could reasonably be expected to have
the effect of, conditioning the market in the United States for any of the Securities being
purchased hereby.

	 	 	 	 	 
	 	 	 
	 	 	(Name of Subscriber — please print)
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 	 	Authorized Signature
	 
	 	 	 	 
	 	 	 
	 	 	(Official Capacity or Title — please print)

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REGISTRATION RIGHTS AGREEMENT

     This REGISTRATION RIGHTS AGREEMENT (the “Agreement”) is made and entered into as of
the _______ day of September, 2006 (the “Effective Date”) by and between DIGIFONICA
INTERNATIONAL CORP., a Florida corporation (the “Company”) and,                     , a
                     (the “Shareholder”).

R E C I T A L S:

     WHEREAS, the Shareholder is acquiring                      (                    ) shares (the “Shares”) of
the Company’s common stock, par value $0.001 per share (the “Common Stock”) and a warrant
(the “Warrant”) to purchase shares of Common Stock (the “Warrant Shares”), pursuant
to that certain Subscription Agreement by and between the Company and the Shareholder of even date
herewith (the “Subscription Agreement”); and

     WHEREAS, the Company desires to grant to the Shareholder certain registration rights relating
to the Shares and the Warrant Shares and the Shareholder desires to obtain such registration
rights, subject to the terms and conditions set forth herein;

     NOW, THEREFORE, in consideration of the mutual premises, representations, warranties and
conditions set forth in this Agreement, the parties hereto, intending to be legally bound, hereby
agree as follows:

     1. Definitions and References. For purposes of this Agreement, in addition to the
definitions set forth above and elsewhere herein, the following terms shall have the following
meanings:

          (a) The term “Commission” shall mean the Securities and Exchange Commission and any successor
agency.

          (b) The terms “register”, “registered” and “registration” shall refer to a registration
effected by preparing and filing a registration statement or similar document in compliance with
the 1933 Act (as herein defined) and the declaration or ordering of effectiveness of such
registration statement or document.

          (c) For purposes of this Agreement, the term “Registrable Stock” shall mean the Shares
acquired by Shareholders pursuant to the Subscription Agreements and the Warrant Shares in the
private placement arranged by Loewen Ondaatje McCutcheon which closed on September 8, 2006. For
purposes of this Agreement, any Registrable Stock shall cease to be Registrable Stock when (i) a
registration statement covering the offer and sale of such Registrable Stock has been declared
effective and such Registrable Stock has been disposed of pursuant to such effective registration
statement, (ii) such Registrable Stock is sold pursuant to Rule 144 (or any similar provision then
in force) under the 1933 Act, (iii) such Registrable Stock is eligible to be sold pursuant to Rule
144(k) under the 1933 Act, (iv) such Registrable Stock has been otherwise transferred, no stop
transfer order affecting such stock is in effect and the Company has delivered new certificates or
other evidences of ownership for such Registrable Stock not bearing any legend indicating that such
shares have not been registered under the 1933 Act, or (v) such Registrable Stock is sold by a
person in a transaction in which the rights under the provisions of this Agreement are not
assigned.

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          (d) The term “Holder” shall mean the Shareholder or any transferee or assignee thereof to whom
the rights under this Agreement are assigned in accordance with Section 10 hereof,
provided that the Shareholder or such transferee or assignee shall then own the Registrable
Stock.

          (e) The term “1933 Act” shall mean the Securities Act of 1933, as amended.

          (f) An “affiliate of such Holder” shall mean a person who controls, is controlled by or is
under common control with a Holder, or the spouse or children (or a trust exclusively for the
benefit of the spouse and/or children) of a Holder, or, in the case of a Holder that is a
partnership, its partners.

          (g) The term “Person” shall mean an individual, corporation, partnership, trust, limited
liability company, unincorporated organization or association or other entity, including any
governmental entity.

          (h) The term “Requesting Holder” shall mean a Holder or Holders of in the aggregate at least a
majority of the Registrable Stock.

          (i) References in this Agreement to any rules, regulations or forms promulgated by the
Commission shall include rules, regulations and forms succeeding to the functions thereof, whether
or not bearing the same designation.

     2. Demand Registration.

          (a) Commencing March 8, 2007, any Requesting Holder may make a written request to the Company
(specifying that it is being made pursuant to this Section 2) that the Company file a
registration statement under the 1933 Act (or a similar document pursuant to any other statute then
in effect corresponding to the 1933 Act) covering the registration of Registrable Stock. In such
event the Company shall (i) within ten (10) days thereafter notify in writing all other Holders of
Registrable Stock of such request, and (ii) use commercially reasonable efforts to cause such
registration statement to be prepared and filed with the Commission under the 1933 Act registering
the resale of all Registrable Stock that the Requesting Holders and such other Holders have, within
forty-five (45) days after the Company has given such notice, requested be registered.

          (b) If the Holders intend to distribute the Registrable Stock covered by their request by
means of an underwritten offering, they shall so advise the Company. All Holders proposing to
distribute Registrable Stock through such underwritten offering shall enter into an underwriting
agreement in customary form with the underwriter or underwriters. Such underwriter or underwriters
shall be selected by a majority in interest of the Holders and shall be approved by the Company,
which approval shall not be unreasonably withheld; provided, that all of the
representations and warranties by, and the other agreements on the part of, the Company to and for
the benefit of such underwriters shall also be made to and for the benefit of such Holders and that
any or all of the conditions precedent to the obligations of such underwriters under such
underwriting agreement shall be conditions precedent to the obligations of such Holders; and
provided further, that no Holder shall be required to make any representations or
warranties to or agreements with the Company or the underwriters other than representations,
warranties or agreements regarding such Holder, the Registrable Stock of such Holder and such
Holder’s intended method of distribution and any other representation required by law or reasonably
required by the underwriter.

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          (c) Notwithstanding any other provision of this Section 2 to the contrary, if the
managing underwriter of an underwritten offering of the Registrable Stock required to be registered
pursuant to this Section 2 advises the Holders in writing that in its opinion marketing
factors require a limitation of the number of shares to be underwritten, the Holders shall so
advise all Holders of Registrable Stock that would otherwise be underwritten pursuant hereto, and
the number of shares of Registrable Stock that may be included in such underwritten offering shall
be allocated among all such Holders, including the Holders, in proportion (as nearly as
practicable) to the amount of Registrable Stock requested to be included in such registration by
each Holder at the time of filing the registration statement; provided, that in the event
of such limitation of the number of shares of Registrable Stock to be underwritten, the Holders
shall be entitled to an additional demand registration pursuant to this Section 2. If any
Holder of Registrable Stock disapproves of the terms of the underwriting, such Holder may elect to
withdraw by written notice to the Company, the managing underwriter and the Holders. The
securities so withdrawn shall also be withdrawn from registration.

          (d) Notwithstanding any provision of this Agreement to the contrary, the Company shall not be
required to effect a registration pursuant to this Section 2 during the period starting
with the fourteenth (14th) day immediately preceding the date of an anticipated filing
by the Company of, and ending on a date ninety (90) days following the effective date of, a
registration statement pertaining to a public offering of securities for the account of the
Company; provided, that the Company shall actively employ in good faith all reasonable
efforts to cause such registration statement to become effective; and provided further,
that the Company’s estimate of the date of filing such registration statement shall be made in good
faith.

          (e) The Company shall be obligated to effect and pay for a total of only one (1) registration
pursuant to this Section 2, unless increased pursuant to Section 2(c) hereof;
provided, that a registration requested pursuant to this Section 2 shall not be
deemed to have been effected for purposes of this Section 2(e), unless (i) it has been
declared effective by the Commission (ii) if it is a shelf registration, it has remained effective
for the period set forth in Section 3(b), (iii) the offering of Registrable Stock pursuant
to such registration is not subject to any stop order, injunction or other order or requirement of
the Commission (other than any such action prompted by any act or omission of the Holders), and
(iv) no limitation of the number of shares of Registrable Stock to be underwritten has been
required pursuant to Section 2(c) hereof.

     3. Obligations of the Company. Whenever required under Section 2 to effect
the registration of any Registrable Stock, the Company shall, as expeditiously as possible:

          (a) prepare and file with the Commission such amendments and supplements to such registration
statement and the prospectus used in connection therewith as may be necessary to keep such
registration statement effective for eighteen (18) months or such shorter period which will
terminate when all Registrable Stock covered by such registration statement has been sold (but not
before the expiration of the forty (40) or ninety (90) day period referred to in Section 4(3) of
the 1933 Act and Rule 174 thereunder, if applicable), and comply with the provisions of the 1933
Act with respect to the disposition of all securities covered by such registration statement during
such period in accordance with the intended methods of disposition by the sellers thereof set forth
in such registration statement;

          (b) furnish to each Holder and any underwriter of Registrable Stock to be included in a
registration statement copies of such registration statement as filed and each amendment and
supplement thereto (in each case including all exhibits thereto), the prospectus included in such

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registration statement (including each preliminary prospectus) and such other documents as
such Holder may reasonably request in order to facilitate the disposition of the Registrable Stock
owned by such Holder;

          (c) use its commercially reasonable efforts to register or qualify such Registrable Stock
under such other securities or blue sky laws of such jurisdictions as any selling Holder or any
underwriter of Registrable Stock reasonably requests, and do any and all other acts which may be
reasonably necessary or advisable to enable such Holder to consummate the disposition in such
jurisdictions of the Registrable Stock owned by such Holder; provided that the Company will
not be required to (i) qualify generally to do business in any jurisdiction where it would not
otherwise be required to qualify but for this Section 3(c) hereof, (ii) subject itself to
taxation in any such jurisdiction, or (iii) consent to general service of process in any such
jurisdiction;

          (d) use commercially reasonable efforts to cause the registration statement covering the
resale of the Registrable Stock to be declared effective by the Commission and such other
governmental agencies or other authorities as may be necessary by virtue of the business and
operations of the Company to enable the selling Holders thereof to consummate the disposition of
such Registrable Stock within one hundred fifty (150) days of the filing of such registration
statement;

          (e) notify each selling Holder of such Registrable Stock and any underwriter thereof, at any
time when a prospectus relating thereto is required to be delivered under the 1933 Act (even if
such time is after the period referred to in Section 3(a)), of the happening of any event
as a result of which the prospectus included in such registration statement contains an untrue
statement of a material fact or omits to state any material fact required to be stated therein or
necessary to make the statements therein in light of the circumstances being made not misleading,
and prepare a supplement or amendment to such prospectus so that, as thereafter delivered to the
Subscriber(s) of such Registrable Stock, such prospectus will not contain an untrue statement of a
material fact or omit to state any material fact required to be stated therein or necessary to make
the statements therein in light of the circumstances being made not misleading. Further, the
Company’s obligations under this Section 3 shall be suspended if (a) the fulfillment of
such obligations would require the Company to make a disclosure that would be detrimental to the
Company and the Company’s Board of Directors determines that it is in the best interests of the
Company to defer such obligations or (b) the fulfillment of such obligations would require the
Company to prepare financial statements not required to be prepared by the Company to comply with
its obligations under the Exchange Act at the time the Registration Statement is proposed to be
filed (the period during which either of the preceding conditions is in effect is referred to as a
“Permitted Black-Out Period”). A Permitted Black-Out Period will end, as applicable, upon
the making of the relevant disclosure by the Company (or, if earlier, when such disclosure would no
longer be necessary or detrimental) or as soon as it would no longer be necessary to prepare such
financial statements to comply with the Securities Act;

          (f) make available for inspection by any selling Holder, any underwriter participating in any
disposition pursuant to such registration statement, and any attorney, accountant or other agent
retained by any such seller or underwriter (collectively, the “Inspectors”), all financial
and other records, pertinent corporate documents and properties of the Company (collectively, the
“Records”), and cause the Company’s officers, directors and employees to supply all
information reasonably requested by any such Inspector, as shall be reasonably necessary to enable
them to exercise their due diligence responsibility, in connection with such registration
statement. Records or other information which the Company determines, in good faith, to be
confidential and which it notifies the Inspectors are confidential shall not be disclosed by the
Inspectors unless (i) the disclosure of such Records or other

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information is necessary to avoid or correct a misstatement or omission in the registration
statement, or (ii) the release of such Records or other information is ordered pursuant to a
subpoena or other order from a court of competent jurisdiction. Each selling Holder shall, upon
learning that disclosure of such Records or other information is sought in a court of competent
jurisdiction, give notice to the Company and allow the Company, at the Company’s expense, to
undertake appropriate action to prevent disclosure of the Records or other information deemed
confidential;

          (g) furnish, at the request of any Requesting Holder, on the date that such shares of
Registrable Stock are delivered to the underwriters for sale pursuant to such registration or, if
such Registrable Stock is not being sold through underwriters, on the date that the registration
statement with respect to such shares of Registrable Stock becomes effective, (1) a signed opinion,
dated such date, of Hughes & Luce, LLP for the purposes of such registration, addressed to the
underwriters, if any, and if such Registrable Stock is not being sold through underwriters, then to
the Holders as to such matters as such underwriters or the Holders, as the case may be, may
reasonably request and as would be customary in such a transaction; and (2) a letter dated such
date, from the independent certified public accountants of the Company, addressed to the
underwriters, if any, and if such Registrable Stock is not being sold through underwriters, then to
the Holders and, if such accountants refuse to deliver such letter to such Holder, then to the
Company (i) stating that they are independent certified public accountants within the meaning of
the 1933 Act and that, in the opinion of such accountants, the financial statements and other
financial data of the Company included in the registration statement or the prospectus, or any
amendment or supplement thereto, comply as to form in all material respects with the applicable
accounting requirements of the 1933 Act, and (ii) covering such other financial matters (including
information as to the period ending not more than five (5) business days prior to the date of such
letter) with respect to the registration in respect of which such letter is being given as the
Holders may reasonably request and as would be customary in such a transaction;

          (h) enter into customary agreements (including if the method of distribution is by means of an
underwriting, an underwriting agreement in customary form) and take such other actions as are
reasonably required in order to expedite or facilitate the disposition of the Registrable Stock to
be so included in the registration statement;

          (i) otherwise use its commercially reasonable efforts to comply with all applicable rules and
regulations of the Commission, and make available to its security holders, as soon as reasonably
practicable, but not later than eighteen (18) months after the effective date of the registration
statement, an earnings statement covering the period of at least twelve (12) months beginning with
the first full month after the effective date of such registration statement, which earnings
statements shall satisfy the provisions of Section 11(a) of the 1933 Act; and

          (j) use commercially reasonable efforts to cause all such Registrable Stock to be listed on
any national securities exchange or quoted on any quotation system on which similar securities
issued by the Company are then listed or quoted.

     The Company may require each selling Holder of Registrable Stock as to which any registration
is being effected to furnish to the Company such information regarding the distribution of such
Registrable Stock as the Company may from time to time reasonably request in writing.

     Each Holder agrees that, upon receipt of any notice from the Company of the happening of any
event of the kind described in Section 3(e) hereof, such Holder will forthwith discontinue
disposition of

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Registrable Stock pursuant to the registration statement covering such Registrable Stock until
such Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by
Section 3(e) hereof, and, if so directed by the Company, such Holder will deliver to the
Company (at the Company’s expense) all copies, other than permanent file copies then in such
Holder’s possession, of the prospectus covering such Registrable Stock current at the time of
receipt of such notice. In the event the Company shall give any such notice, the Company shall
extend the period during which such registration statement shall be maintained effective pursuant
to this Agreement (including the period referred to in Section 3(a)) by the number of days
during the period from and including the date of the giving of such notice pursuant to Section
3(e) hereof to and including the date when each selling Holder of Registrable Stock covered by
such registration statement shall have received the copies of the supplemented or amended
prospectus contemplated by Section 3(e) hereof.

     4. Incidental Registration. Commencing immediately after the date of Closing (as
defined in the Subscription Agreement), if the Company determines that it shall file a registration
statement under the 1933 Act (other than a registration statement on a Form S-4 or S-8 or filed in
connection with an exchange offer or an offering of securities solely to the Company’s existing
stockholders) on any form that would also permit the registration of the resale of the Registrable
Stock and such filing is to be on its behalf and/or on behalf of selling holders of its securities
for the general registration of its Common Stock to be sold for cash, at each such time the Company
shall promptly give each Holder written notice of such determination setting forth the date on
which the Company proposes to file such registration statement, which date shall be no earlier than
thirty (30) days from the date of such notice, and advising each Holder of its right to have
Registrable Stock included in such registration. Upon the written request of any Holder received by
the Company no later than twenty (20) days after the date of the Company’s notice, the Company
shall use its best efforts to cause to be registered under the 1933 Act all of the Registrable
Stock that each such Holder has so requested to be registered. If, in the written opinion of the
managing underwriter or underwriters (or, in the case of a non-underwritten offering, in the
written opinion of the placement agent, or if there is none, the Company), the total amount of such
securities to be so registered, including such Registrable Stock, will exceed the maximum amount of
the Company’s securities which can be marketed (i) at a price reasonably related to the then
current market value of such securities, or (ii) without otherwise materially and adversely
affecting the entire offering, then the amount of Registrable Stock to be offered for the accounts
of Holders shall be reduced pro rata to the extent necessary to reduce the total amount of
securities to be included in such offering to the recommended amount; provided, that if
securities are being offered for the account of other Persons as well as the Company, such
reduction shall not represent a greater fraction of the number of securities intended to be offered
by Holders than the fraction of similar reductions imposed on such other Persons other than the
Company over the amount of securities they intended to offer.

     5. Holdback Agreement — Restrictions on Public Sale by Holder.

          (a) To the extent not inconsistent with applicable law, each Holder whose Registrable Stock is
included in a registration statement agrees not to effect any public sale or distribution of the
issue being registered or a similar security of the Company, or any securities convertible into or
exchangeable or exercisable for such securities, including a sale pursuant to Rule 144 under the
1933 Act, during the fourteen (14) days prior to, and during the one hundred eighty (180) day
period beginning on, the effective date of such registration statement (except as part of the
registration), if and to the extent requested by the Company in the case of a nonunderwritten
public offering or if and to the extent requested by the managing underwriter or underwriters in
the case of an underwritten public offering.

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          (b) Restrictions on Public Sale by the Company and Others. The Company agrees (i) not
to effect any public sale or distribution of any securities similar to those being registered, or
any securities convertible into or exchangeable or exercisable for such securities, during the
fourteen (14) days prior to, and during the ninety (90) day period beginning on, the effective date
of any registration statement in which Holders are participating (except as part of such
registration), if and to the extent requested by the Holders in the case of a non-underwritten
public offering or if and to the extent requested by the managing underwriter or underwriters in
the case of an underwritten public offering; and (ii) that any agreement entered into after the
date of this Agreement pursuant to which the Company issues or agrees to issue any securities
convertible into or exchangeable or exercisable for such securities (other than pursuant to an
effective registration statement) shall contain a provision under which holders of such securities
agree not to effect any public sale or distribution of any such securities during the periods
described in (i) above, in each case including a sale pursuant to Rule 144 under the 1933 Act.

     6. Expenses of Registration. The Company shall bear all expenses incurred in
connection with each registration pursuant to Sections 2 and 4 of this Agreement,
excluding underwriters’ discounts and selling commissions, but including, without limitation, all
registration, filing and qualification fees, word processing, duplicating, printers’ and accounting
fees (including the expenses of any special audits or “cold comfort” letters required by or
incident to such performance and compliance), exchange listing fees or National Association of
Securities Dealers fees, messenger and delivery expenses, all fees and expenses of complying with
securities or blue sky laws, fees and disbursements of counsel for the Company. The selling
Holders shall bear and pay the underwriting commissions and discounts applicable to the Registrable
Stock offered for their account in connection with any registrations, filings and qualifications
made pursuant to this Agreement.

     7. Indemnification and Contribution.

          (a) Indemnification by the Company. The Company agrees to indemnify, to the full
extent permitted by law, each Holder, its officers, directors and agents and each Person who
controls such Holder (within the meaning of the 1933 Act) against all losses, claims, damages,
liabilities and expenses caused by any untrue or alleged untrue statement of material fact
contained in any registration statement, prospectus or preliminary prospectus or any omission or
alleged omission to state therein a material fact required to be stated therein or necessary to
make the statement therein (in case of a prospectus or preliminary prospectus, in the light of the
circumstances under which they were made) not misleading. The Company will also indemnify any
underwriters of the Registrable Stock, their officers and directors and each Person who controls
such underwriters (within the meaning of the 1933 Act) to the same extent as provided above with
respect to the indemnification of the selling Holders.

          (b) Indemnification by Holders. In connection with any registration statement in which
a Holder is participating, each such Holder will furnish to the Company in writing such information
with respect to such Holder as the Company reasonably requests for use in connection with any such
registration statement or prospectus and agrees to indemnify, to the extent permitted by law, the
Company, its directors and officers and each Person who controls the Company (within the meaning of
the 1933 Act) against any losses, claims, damages, liabilities and expenses resulting from any
untrue or alleged untrue statement of material fact or any omission or alleged omission of a
material fact required to be stated in the registration statement, prospectus or preliminary
prospectus or any amendment thereof or supplement thereto or necessary to make the statements
therein (in the case of a prospectus or preliminary prospectus, in the light of the circumstances
under which they were made) not misleading, to the extent, but only to the extent, that such untrue
statement or omission is contained in any information with respect

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to such Holder so furnished in writing by such Holder. Notwithstanding the foregoing, the
liability of each such Holder under this Section 7(b) shall be limited to an amount equal
to the initial public offering price of the Registrable Stock sold by such Holder, unless such
liability arises out of or is based on willful misconduct of such Holder.

          (c) Conduct of Indemnification Proceedings. Any Person entitled to indemnification
hereunder agrees to give prompt written notice to the indemnifying party after the receipt by such
Person of any written notice of the commencement of any action, suit, proceeding or investigation
or threat thereof made in writing for which such Person will claim indemnification or contribution
pursuant to this Agreement and, unless in the reasonable judgment of such indemnified party, a
conflict of interest may exist between such indemnified party and the indemnifying party with
respect to such claim, permit the indemnifying party to assume the defense of such claims with
counsel reasonably satisfactory to such indemnified party. Whether or not such defense is assumed
by the indemnifying party, the indemnifying party will not be subject to any liability for any
settlement made without its consent (but such consent will not be unreasonably withheld). Failure
by such Person to provide said notice to the indemnifying party shall itself not create liability
except to the extent of any injury caused thereby. No indemnifying party will consent to entry of
any judgment or enter into any settlement which does not include as an unconditional term thereof
the giving by the claimant or plaintiff to such indemnified party of a release from all liability
in respect of such claim or litigation. If the indemnifying party is not entitled to, or elects not
to, assume the defense of a claim, it will not be obligated to pay the fees and expenses of more
than one (1) counsel with respect to such claim, unless in the reasonable judgment of any
indemnified party a conflict of interest may exist between such indemnified party and any other
such indemnified parties with respect to such claim, in which event the indemnifying party shall be
obligated to pay the fees and expenses of such additional counsel or counsels.

          (d) Contribution. If for any reason the indemnity provided for in this Section
7 is unavailable to, or is insufficient to hold harmless, an indemnified party, then the
indemnifying party shall contribute to the amount paid or payable by the indemnified party as a
result of such losses, claims, damages, liabilities or expenses (i) in such proportion as is
appropriate to reflect the relative benefits received by the indemnifying party on the one hand and
the indemnified party on the other, or (ii) if the allocation provided by clause (i) above is not
permitted by applicable law, or provides a lesser sum to the indemnified party than the amount
hereinafter calculated, in such proportion as is appropriate to reflect not only the relative
benefits received by the indemnifying party on the one hand and the indemnified party on the other
but also the relative fault of the indemnifying party and the indemnified party as well as any
other relevant equitable considerations. The relative fault of such indemnifying party and
indemnified parties shall be determined by reference to, among other things, whether any action in
question, including any untrue or alleged untrue statement of a material fact or omission or
alleged omission to state a material fact, has been made by, or relates to information supplied by,
such indemnifying party or indemnified parties; and the parties’ relative intent, knowledge, access
to information and opportunity to correct or prevent such action. The amount paid or payable by a
party as a result of the losses, claims, damages, liabilities and expenses referred to above shall
be deemed to include, subject to the limitations set forth in Section 7(c), any legal or
other fees or expenses reasonably incurred by such party in connection with any investigation or
proceeding.

     The parties hereto agree that it would not be just and equitable if contribution pursuant to
this Section 7(d) were determined by pro rata allocation or by any other method of
allocation which does not take account of the equitable considerations referred to in the
immediately preceding paragraph. No

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Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the 1933
Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent
misrepresentation.

     If indemnification is available under this Section 7, the indemnifying parties shall
indemnify each indemnified party to the full extent provided in Sections 7(a) and
7(b) without regard to the relative fault of said indemnifying party or indemnified party
or any other equitable consideration provided for in this Section 7.

     8. Participation in Underwritten Registrations. No Holder may participate in any
underwritten registration hereunder unless such Holder (a) agrees to sell such Holder’s securities
on the basis provided in any underwriting arrangements approved by the Holders entitled hereunder
to approve such arrangements, and (b) completes and executes all questionnaires, powers of
attorney, indemnities, underwriting agreements and other documents reasonably required under the
terms of such underwriting arrangements.

     9. Rule 144. After a registration statement has been filed under the 1933 Act and
declared effective by the Commission, the Company covenants that it will file the reports required
to be filed by it under the 1933 Act and the Securities Exchange Act of 1934, as amended, and the
rules and regulations adopted by the Commission thereunder; and it will take such further action as
any Holder may reasonably request, all to the extent required from time to time to enable such
Holder to sell Registrable Stock without registration under the 1933 Act within the limitation of
the exemptions provided by (a) Rule 144 under the 1933 Act, as such Rule may be amended from time
to time, or (b) any similar rule or regulation hereafter adopted by the Commission. Upon the
request of any Holder, the Company will deliver to such Holder a written statement as to whether it
has complied with such requirements.

     10. Transfer of Registration Rights. The registration rights of Holder under this
Agreement with respect to any Registrable Stock may not be transferred to any third party other
than to an “affiliate” of such Holder; provided that such transfer is effected in
accordance with applicable securities laws; provided further, that the transferring Holder
shall give the Company written notice at or prior to the time of such transfer stating the name and
address of the transferee and identifying the securities with respect to which the rights under
this Agreement are being transferred; provided further, that such transferee shall agree in
writing, in form and substance satisfactory to the Company, to be bound as a Holder by the
provisions of this Agreement; and provided further, that such assignment shall be effective
only if immediately following such transfer the further disposition of such securities by such
transferee is restricted under the 1933 Act. Except as set forth in this Section 10, a
transfer of Registrable Stock shall cause such Registrable Stock to lose such status.

     11. Mergers, Etc. The Company shall not, directly or indirectly, enter into any
merger, consolidation or reorganization in which the Company shall not be the surviving corporation
unless the proposed surviving corporation shall, prior to such merger, consolidation or
reorganization, agree in writing to assume the obligations of the Company under this Agreement, and
for that purpose references hereunder to “Registrable Stock” shall be deemed to be references to
the securities which the Holders would be entitled to receive in exchange for Registrable Stock
under any such merger, consolidation or reorganization; provided, however, that the
provisions of this Section 11 shall not apply in the event of any merger, consolidation or
reorganization in which the Company is not the surviving corporation if each Holder is entitled to
receive in exchange for its Registrable Stock consideration consisting solely of (i) cash, (ii)
securities of the acquiring corporation which may be immediately sold to the public without
registration under the 1933 Act, or (iii) securities of the acquiring corporation which the
acquiring

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corporation has agreed to register within ninety (90) days of completion of the transaction
for resale to the public pursuant to the 1933 Act.

     12. Miscellaneous.

          (a) No Inconsistent Agreements. The Company will not hereafter enter into any
agreement with respect to its securities which is inconsistent with the rights granted to the
Holders in this Agreement.

          (b) Remedies. Each Holder, in addition to being entitled to exercise all rights
granted by law, including recovery of damages, will be entitled to specific performance of its
rights under this Agreement. The Company agrees that monetary damages would not be adequate
compensation for any loss incurred by reason of a breach by it of the provisions of this Agreement
and hereby agrees to waive (to the extent permitted by law) the defense in any action for specific
performance that a remedy of law would be adequate.

          (c) Amendments and Waivers. The provisions of this Agreement may not be amended,
modified or supplemented, and waivers or consents to departures from the provisions hereof may not
be given unless the Company has obtained the written consent of the Holders of at least a majority
of the Registrable Stock then outstanding affected by such amendment, modification, supplement,
waiver or departure.

          (d) Successors and Assigns. Except as otherwise expressly provided herein, the terms
and conditions of this Agreement shall inure to the benefit of and be binding upon the respective
successors and assigns of the parties hereto. Nothing in this Agreement, express or implied, is
intended to confer upon any Person other than the parties hereto or their respective successors and
assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement,
except as expressly provided in this Agreement.

          (e) Governing Law; Venue. This Agreement shall be governed by and construed in
accordance with the internal laws of the State of Texas applicable to contracts made and to be
performed wholly within that state, without regard to the conflict of law rules thereof. If any
action is brought to enforce or interpret this Agreement, venue for such action shall be in Dallas
County, Texas.

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

          (g) Headings. The headings in this Agreement are used for convenience of reference
only and are not to be considered in construing or interpreting this Agreement.

          (h) Notices. Any notice required or permitted under this Agreement shall be given in
writing and shall be delivered in person or by telecopy or by overnight courier guaranteeing no
later than second business day delivery, directed to (i) the Company at the address set forth below
its signature hereof or (ii) a Holder at the address of the Administrator set forth below its
signature hereof. Any party may change its address for notice by giving ten (10) days advance
written notice to the other parties. Every notice or other communication hereunder shall be deemed
to have been duly given or served on the

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date on which personally delivered, or on the date actually received, if sent by telecopy or
overnight courier service, with receipt acknowledged.

          (i) Severability. In the event that any one or more of the provisions contained
herein, or the application thereof in any circumstances, is held invalid, illegal or unenforceable
in any respect for any reason, the validity, legality and enforceability of any such provision in
every other respect and of the remaining provisions contained herein shall not be in any way
impaired thereby, it being intended that all of the rights and privileges of the Holders shall be
enforceable to the fullest extent permitted by law.

          (j) Entire Agreement. This Agreement is intended by the parties as a final expression
of their agreement and intended to be a complete and exclusive statement of the agreement and
understanding of the parties hereto in respect of the subject matter contained herein. There are no
restrictions, promises, warranties or undertakings other than those set forth or referred to
herein. This Agreement supersedes all prior agreements and understandings between the parties with
respect to such subject matter.

          (k) Enforceability. This Agreement shall remain in full force and effect
notwithstanding any breach or purported breach of, or relating to, the Subscription Agreement.

     13. Recitals. The recitals are hereby incorporated in the Agreement as if fully set
forth herein.

     14. Facsimile Signature. This Agreement may be executed by facsimile copy and any
such facsimile copy bearing the facsimile signature of any party hereto shall have full legal force
and effect and shall be binding against the party having executed this Agreement by facsimile.

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

	 	 	 	 	 
	 	 	DIGIFONICA INTERNATIONAL CORP.
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	     EMIL MALAK, Chairman
	 
	 	 	 	 
	 	 	4710 Kingsway
	 	 	Suite 1424
	 	 	Burnaby, BC   V5H 4M2
	 	 	Canada
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	SHAREHOLDER
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	     [PLEASE CLEARLY PRINT]
	 
	 	 	 	 
	 	 	Address:
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	 
	 

	 	Tele:	 	 
	 

	 	 	 	 

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