Document:

EXHIBIT
      10.2

    FORM
      OF 

    SECOND
      AMENDMENT TO AN SPO SUBSCRIPTION AGREEMENT

    

    SECOND
      Amendment to an SPO Subscription Agreement, (the “Subscription Agreement”),
      between SPO Medical Inc. (the “Company, or SPO”) and the undersigned subscriber
      (the “Subscriber”) to the Subscription Agreement.

    

    Whereas,
      under the Subscription Agreement
      entered into in 2005, SPO sold Subscriber certain SPO securities including
      (i) a
      promissory note (the “Note”); and (ii) a common stock purchase warrant (the
“Warrant”); and 

    

    Whereas,
      the Parties amended the Subscription Agreement, the Note and the Warrant in
      September 2006 (the "First Amendment") which included, inter alia, extending
      the
      maturity date of the Note until March 26, 2008, and

    

    Whereas,
      the parties hereto, wish to amend the Note and Warrant in accordance with,
      and
      subject to, the following terms and conditions.

    

    NOW
      THEREFORE, in consideration of the above and the terms and conditions hereof,
      the parties, for themselves, their, heirs, successors and assigns agree as
      follows:

    

    1. Unless
      otherwise defined herein, the capitalized terms used herein shall have the
      meanings described in the Subscription Agreement and the First
      Amendment.

    

    2. Effective
      the date hereof, the Note shall be due on March 26, 2010 (the “New Maturity
      Date”). Interest accrued on the Note through March 26, 2008 shall be paid to
      Subscriber forthwith. Thereafter interest shall accrue at 8% per annum and
      be
      payable at the New Maturity Date, or upon prepayment of the Note in accordance
      with Section 3.2 thereof. 

    

    3. In
      consideration of the Subscriber's agreement to defer the maturity of the Note
      the number of Warrant Shares is hereby increased by 15% of its current amount.
      [ie. If the Warrant currently states 30,000 shares it shall henceforth be deemed
      to state 34,500]. 

    

    4. With
      the
      exception of the above described amendments, the other provisions of the
      Subscription Agreement, Note and Warrants shall remain “as is”.

    

    IN
      WITNESS WHEREOF, the parties have executed this Second Amendment as of April
      1,
      2008.

    
      

        
          	
                  SPO
                    Medical Inc.

                	
                  Subscriber

                
	 	 
	
                  _______________

                	
                  _____________________

                
	
                  Michael
                    Braunold

                	 
	
                  President
                    & CEO

                	
                  Print
                    Name:___________________________________________

    Name
      of Offeree

    

    EXHIBIT
      10.3

    

    SPO
      MEDICAL INC.

    SUBSCRIPTION
      AGREEMENT

    

    SPO
      Medical Inc.

    Beit
      Hapa’amon, Suite 209, 

    20
      Hata’as Street, Kfar Saba 

    Israel
      44425

    Telephone
      No.: (011-972-9) 764-3570

    Telecopier
      No.: (011-972-9) 764-3571

    

    Attention:
      Michael
      Braunold

    

    Gentlemen:

    

    1. Subscription.
      (a)
      Subject to the terms and conditions of this Agreement the undersigned (the
      "Purchaser") hereby irrevocably subscribes for and agrees to purchase shares
      of
      the common stock of the Company (each a “ Share ”) at a price per Share of USD
      $0.80 and warrants for the purchase of common stock of the Company (the
      "Warrants" described below, and the Warrants and Shares sometimes referred
      to as
      the "Units"), for an aggregate purchase price (the “Purchase Price ") and for
      the number of Shares and Warrants set forth on the signature page hereto. The
      Subscriber acknowledges that the Company is selling up to 4,375,000 Shares
      and
      2,187,500 Warrants for aggregate subscription gross proceeds of $3,500,000
      (the
“Offering”) and that the Company may increase the aggregate amount of the
      offering by $525,000. 

    

    (b)
      The
      Warrants shall be in the form attached hereto as Exhibit
      A.
      The
      Purchaser shall receive one Warrant share for each two Shares purchased, the
      per
      share Warrant exercise price shall be USD $0.80 and the Warrant shall be
      exercisable for a period of three years. 

    

    (c) The
      Purchaser understands that this subscription may be rejected by the Company
      at
      any time in its sole discretion and that the Company will advise the Purchaser
      as soon as practicable if the Purchaser’s subscription has not been accepted. If
      rejected, all amounts delivered by the Purchaser as payment for the Units will
      be promptly returned to the Purchaser and this Agreement shall have no further
      force or effect (except for the provisions of Section 14 hereof). If the
      Purchaser’s subscription is rejected, the Purchaser agrees to return to the
      Company any documents the Company has provided to the Purchaser for the purpose
      of evaluating its investment in the Units. If the Purchaser’s subscription is
      accepted, the Company will promptly provide the Purchaser with a Share
      certificate and Warrant that constitute the Units purchased.

    

    2.  Payment.
      Upon
      execution of this Agreement, the Purchaser will pay by wire transfer the full
      amount of the purchase price of the Units for which the Purchaser is subscribing
      pursuant to the terms of this Agreement. Money shall be sent to the escrow
      agent
      as follows. If by wire: 

     

    
      
        	
                Pay
                  to:

              	
                _________________________________

              
	
                Swift:

              	
                
                  _________________________________

                

              

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	 	 
	
                Credit
                  account of:

              	
                
                  _________________________________

                

              
	
                Swift:

              	
                
                  _________________________________

                

              
	
                FFC:

              	
                
                  _________________________________

                

              
	
                IBAN:

              	
                
                  _________________________________

                

              

      

       

    

    3.  Representations,
      Warranties and Covenants of the Purchaser.
      The
      Purchaser hereby acknowledges that his investment in the Units involves a high
      degree of risk and his economic circumstances are such that he can afford the
      loss of his investment. The Purchaser further acknowledges, represents, warrants
      and agrees as follows:

    

    (a) The
      Purchaser is an “accredited investor” as defined by Rule 501 under the
      Securities Act of 1933, as amended (the “Act”), and the Purchaser is capable of
      evaluating the merits and risks of Subscriber’s investment in the Company and
      has the capacity to protect the Purchaser’s own interests.
      The
      Purchaser meets the requirements of at least one of the suitability standards
      for an “accredited investor” as set forth on the Accredited Investor
      Certification contained herein;

    

    (b)
      None
      of the Units have been registered under the Act or any state securities laws.
      The Purchaser understands that the offering and sale of the Units is intended
      to
      be exempt from registration under the Act, by virtue of Section 4(2) and/or
      Section 4(6) thereof and the provisions of Regulation D promulgated thereunder,
      based, in part, upon the representations, warranties and agreements of the
      Purchaser contained in this Agreement;

    

    (c) Neither
      the Securities and Exchange Commission nor any state securities commission
      has
      approved the sale of the Units or the common stock being purchased hereby or
      into which the warrants are convertible nor has the Commission passed upon
      or
      endorsed the merits of the Offering;

    

    (d) The
      Purchaser has had the opportunity to obtain any information, to the extent
      the
      Company had such information in its possession or could acquire it without
      unreasonable effort or expense, necessary to verify the accuracy of the
      information contained in all documents received or reviewed in connection with
      the purchase of the Units and has had the opportunity to meet with
      representatives of the Company and to have them answer any questions and provide
      such additional information regarding the terms and conditions of this
      particular investment and the finances, operations, business and prospects
      of
      the Company deemed relevant by the Purchaser.

    

    (e) In
      evaluating the suitability of an investment in the Company, the Purchaser has
      not relied upon any representation or other information (oral or written) other
      than as contained in documents so furnished to the Purchaser by the Company.
      The
      Purchaser and its advisors, if any, have been furnished with or have been given
      access to all materials relating to the business, finances and operations of
      the
      Company and materials relating to the offer and sale of the Units which have
      been requested by the Purchaser, including those set forth on in any annex
      attached hereto. The Purchaser and its advisors, if any, have been afforded
      the
      opportunity to ask questions of the Company and its management and have received
      complete and satisfactory answers to any such inquiries;

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    (f) The
      Purchaser is unaware of, is in no way relying on, and did not become aware
      of
      the Offering of the Units through or as a result of, any form of general
      solicitation or general advertising including, without limitation, any article,
      notice, advertisement or other communications published in any newspaper,
      magazine or similar media or broadcast over television or radio, in connection
      with the Offering and is not subscribing for Units and did not become aware
      of
      the Offering as a result of any seminar or meeting to which the Purchaser was
      invited by, or any solicitation of a subscription by, a person not previously
      known to the Purchaser;

    

    (g) The
      Purchaser has taken no action which would give rise to any claim by any person
      for brokerage commissions, finders’ fees or the like relating to this Agreement
      or the transactions contemplated hereby;

    

    (h) The
      Purchaser has sufficient knowledge and experience in financial, tax, and
      business matters, and, in particular, investments in securities, so as to enable
      the Purchaser to utilize the information made available to the Purchaser to
      evaluate the merits and risks of an investment in the Units and to make an
      informed investment decision with respect thereto;

    

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

    

    (j) The
      Purchaser must bear the substantial economic risks of the investment in the
      Units indefinitely because none of the securities included in the Units may
      be
      sold, hypothecated or otherwise disposed of unless subsequently registered
      under
      the Act and applicable state securities laws or an exemption from such
      registration is available. The Purchaser acknowledges and understands legends
      shall be placed on the certificates representing the shares of common stock
      into
      which the warrants are convertible to the effect that they have not been
      registered under the Act or applicable state securities laws. Appropriate
      notations thereof will be made on the securities issued substantially as
      follows:

    

    “THE
      SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
      OF
      1933, AS AMENDED (THE “ACT”), AND MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AN
      EFFECTIVE REGISTRATION UNDER THE ACT OR IN A TRANSACTION WHICH, IN THE OPINION
      OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY, QUALIFIES AS AN EXEMPT
      TRANSACTION UNDER THE ACT AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER.”

    

    (k) In
      addition, the certificates representing the common stock of the Company, and
      any
      and all securities issued in replacement thereof or in exchange therefore,
      shall
      bear such legend as may be required by the securities laws of the jurisdiction
      in which Purchaser resides.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

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

    

    (m) The
      Purchaser: (i) if a natural person represents that he has reached the age of
      21
      and has full power and authority to execute and deliver this Agreement and
      all
      other related agreements or certificates and to carry out the provisions hereof
      and thereof and has adequate means for providing for his current financial
      needs
      and anticipated future needs and possible personal contingencies and emergencies
      and has no need for liquidity in the investment in the Units; (ii) if a
      corporation, partnership, limited liability company or partnership, association,
      joint stock company, trust, unincorporated organization or other entity
      represents that such entity is duly organized, validly existing and in good
      standing under the laws of the state of its organization, the consummation
      of
      the transactions contemplated hereby is authorized by, and will not result
      in a
      violation of state law or its charter or other organizational documents, such
      entity has full power and authority to execute and deliver this Agreement and
      all other related agreements or certificates and to carry out the provisions
      hereof and thereof and to purchase and hold the securities constituting the
      Units, the execution and delivery of this Agreement has been duly authorized
      by
      all necessary action, this Agreement has been duly executed and delivered on
      behalf of such entity and is a legal, valid and binding obligation of such
      entity; and (iii) if executing this Agreement in a representative or fiduciary
      capacity, represents that it has full power and authority to execute and deliver
      this Agreement in such capacity and on behalf of the subscribing individual,
      ward, partnership, trust, estate, corporation, limited liability company or
      partnership, or other entity has full right and power to perform pursuant to
      this Agreement and make an investment in the Company, and that this Agreement
      constitutes a legal, valid and binding obligation of such entity. The execution
      and delivery of this Agreement will not violate or be in conflict with any
      order, judgment, injunction, agreement or controlling document to which the
      Purchaser is a party or by which it is bound;

    

    (n) Any
      information which the Purchaser has heretofore furnished or furnishes herewith
      to the Company is complete and accurate and may be relied upon by the Company
      in
      determining the availability of an exemption from registration under federal
      and
      state securities laws in connection with the offering of the Units. The
      Purchaser further represents, warrants and covenants that it will notify and
      supply corrective information to the Company immediately upon the occurrence
      of
      any change therein occurring prior to the Company’s issuance of the
      Units;

    

    (o) 
      The
      Purchaser acknowledges that the Company is in the development stage, has been
      engaged in business for only a short period of time and has limited operations.
      The Purchaser is knowledgeable about investment considerations in
      development-stage companies. The Purchaser’s overall commitment to investments
      which are not readily marketable is not excessive in view of the Purchaser’s net
      worth and financial circumstances and the purchase of the Units will not cause
      such commitment to become excessive. The investment in the Units is suitable
      one
      for the Purchaser; 

    

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

    

    (q) The
      Purchaser agrees that it may not sell, transfer, pledge, encumber, hypothecate,
      permit to be subject to a security interest, grant an option in or otherwise
      dispose of the Units being acquired hereunder or the shares of Common Stock
      into
      which the warrants are to be convertible unless such securities are registered
      under the Securities Act or unless an opinion of counsel satisfactory is
      delivered to the Company that no such registration is required is delivered
      to
      the Company;

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    4. 
Representations
      and Warranties of the Company.
      The
      Company represents and warrants to the Purchaser as follows:

    

    4.1 Organization
      and Authority; Subsidiaries.
      The
      Company is a corporation validly existing and in good standing under the laws
      of
      the State of Delaware, with full power and authority to enter into and perform
      this Agreement and the other agreements contemplated hereby to which it is
      a
      party. The Company is duly licensed or qualified to do business as a foreign
      corporation and is in good standing under the laws of all other jurisdictions
      in
      which the character of the properties owned or leased by it therein or in which
      the transaction of its business makes such qualification necessary, except
      for
      jurisdictions where failure to become licensed or to so qualify could not
      reasonably be expected to have a material adverse effect on the business and
      operations of the Company taken as a whole. The Company has all requisite
      corporate power and authority to own its properties, to carry on its business
      as
      now conducted, and to enter into and perform its obligations under this
      Agreement. 

    

    4.2 Authorization;
      Binding Effect.
      The
      Company has taken all corporate actions which are necessary to authorize the
      execution, delivery and performance of this Agreement and the consummation
      of
      the transactions contemplated hereby. 

    

    4.3 No
      Bankruptcy or Insolvency.
      The
      Company has not filed any voluntary petition in bankruptcy or been adjudicated
      a
      bankrupt or insolvent, filed by petition or answer seeking any reorganization,
      liquidation, dissolution or similar relief under any federal bankruptcy,
      insolvency, or other debtor relief law, or sought or consented to or acquiesced
      in the appointment of any trustee, receiver, conservator or liquidator of all
      or
      any substantial part of its properties. No court of competent jurisdiction
      has
      entered an order, judgment or decree approving a petition filed against the
      Company seeking any reorganization, arrangement, composition, readjustment,
      liquidation, dissolution or similar relief under any federal bankruptcy act,
      or
      other debtor relief law, and no other liquidator has been appointed of the
      Company or of all or any substantial part of its properties.

    

    4.4  No
      Litigation.
      There
      are no actions, suits or proceedings of any type pending or, to the knowledge
      of
      the Company, threatened, against the Company which if adversely determined
      could
      have a material adverse effect on the business and operations of the Company
      taken as a whole.

    

    4.5  Investment
      Company.
      The
      Company is not, and is not controlled by, an “Investment Company” within the
      meaning of the Investment Company Act.

    

    4.6  Governmental
      Consents and Notices.
      No
      consent, approval or authorization of or designation, declaration or filing
      with
      any governmental authority on the part of the Company is required in connection
      with the valid execution and delivery of this Agreement, or the offer, sale
      or
      issuance of the Units, or the consummation of any other transaction contemplated
      hereby, except qualification (or taking such action as may be necessary to
      secure an exemption from qualification, if available) of the offer and sale
      of
      the Units under applicable state and federal securities laws, which
      qualification if required, will be accomplished in a timely manner.

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    4.7  Finders/Placement
      Agents.
      The
      Company may retain the services of a placement agent(s) who may receive a due
      diligence fee of up to 8% of gross proceeds plus 8% warrant coverage. Such
      warrants issued to placement agent shall be in the form of the
      Warrant.

    

    4.8  Units
      and Common Stock.
      The
      Units and Common Stock, into which the Warrants are convertible, when issued,
      will be duly authorized, validly issued, fully paid and
      nonassessable.

    

    4.9  Intellectual
      Property Rights and Interests.
      The
      Company has not received any written or oral notice or claim that the Company
      is
      infringing the intellectual property rights of any other person or legal entity
      or that the Company is in material breach or default of any license granting
      to
      the Company rights in any intellectual property. To the knowledge of the Company
      as of the date hereof, without having conducted any independent investigation
      or
      analysis of its intellectual property rights and the use thereof by third
      parties, no third party is infringing upon any intellectual property rights
      proprietary to the Company. 

    

    5. 
Indemnification.
      (a) The
      Purchaser agrees to indemnify and hold harmless the Company, and its officers,
      directors, employees, agents, control persons and affiliates against all losses,
      liabilities, claims, damages, and expenses whatsoever (including, but not
      limited to, any and all expenses incurred in investigating, preparing, or
      defending against any litigation commenced or threatened) based upon or arising
      out of any actual or alleged false representation or warranty, or
      misrepresentation or omission to state a material fact, or breach by the
      Purchaser of any covenant or agreement made by the Purchaser herein or in any
      other document delivered in connection with this Agreement. 

    

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

    

    6. 
Registration
      Rights.
      In
      consideration of the purchase of the Units by the Purchaser described in this
      Agreement, the Company file a registration statement within 90 days from the
      final closing of the Offering with respect to the resale by the Purchaser of
      the
      shares of Common Stock issuable upon exercise of the Warrant and the
      Shares.
      The
      Purchaser’s rights hereunder shall be subject to its compliance with the
      conditions or restrictions, including without limitation, lock-ups, required
      by
      an underwriter (in the case of an underwritten offering of Shares).

    

    7. 
Irrevocability;
      Binding Effect.
      The
      Purchaser hereby acknowledges and agrees that the subscription hereunder is
      irrevocable by the Purchaser, except as required by applicable law, and that
      this Agreement shall survive the death or disability of the Purchaser and shall
      be binding upon and inure to the benefit of the parties and their heirs,
      executors, administrators, successors, legal representatives, and permitted
      assigns. If the Purchaser is more than one person, the obligations of the
      Purchaser hereunder shall be joint and several and the agreements,
      representations, warranties, and acknowledgments herein shall be deemed to
      be
      made by and be binding upon each such person and such person’s heirs, executors,
      administrators, successors, legal representatives, and permitted
      assigns.

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    8. 
Amendment.
      This
      Agreement shall not be amended, modified or waived except by an instrument
      in
      writing signed by the party against whom any such amendment, modification or
      waiver is sought.

    

    9. 
Notices.
      Any
      notice or other communication required or permitted to be given hereunder shall
      be in writing 

    

    (a)
      if to
      Company, at the address set forth above, 

    

    with
      a
      copy to: 

     

    Aboudi
      & Brounstein

    Law
      Offices

    Rechov
      Gavish 3, POB 2432

    Kfar
      Saba
      Industrial Zone 44641 Israel

    Telephone
      No.: (011-972-9) 764-4833

    Telecopier
      No.: (011-972-9) 764-4834

    David@a-blaw.com

     

    (b)
      if to
      the Purchaser, 

    at
      the
      address set forth on the signature page hereof 

    with
      a
      copy of all such communications being sent to the escrow agent, 

    

    11. 
Assignability. This
      Agreement and the rights, interests and obligations hereunder are not
      transferable or assignable by the Purchaser. 

    

    12. 
Applicable
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York without regard to its conflicts of laws principles. The
      Purchaser hereby irrevocably submits to the jurisdiction of any United States
      district court located in the City of New York over any action or proceeding
      arising out of or relating to this Agreement. The Purchaser further agrees
      that
      any action or proceeding brought against the Company shall be brought only
      in
      the United States district courts located in the City of New York. 

    

    13.     
      Use
      of
      Pronouns.
      All
      pronouns and any variations thereof used herein shall be deemed to refer to
      the
      masculine, feminine, neuter, singular or plural as the identity of the person
      or
      persons referred to may require.

    

    14. 
Confidentiality.
      The
      Purchaser acknowledges and agrees that any information or data it has obtained
      from or about the Company, including, without limitation, the business plan
      of
      the Company, not otherwise properly in the public domain, was received in
      confidence. The Purchaser agrees not to divulge, communicate or disclose, except
      as may be required by law or for the performance of this Agreement, or use
      to
      the detriment of the Company or for the benefit of any other person or persons,
      or misuse in any way, any confidential information of the Company, including
      any
      scientific, technical, trade or business secrets of the Company and any
      scientific, technical, trade or business materials that are treated by the
      Company as confidential or proprietary, including, but not limited to, ideas,
      discoveries, inventions, developments and improvements belonging to the Company
      and confidential information obtained by or given to the Company about or
      belonging to third parties.

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    15. 
Miscellaneous.

    

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

            

    

    
      	
            	(b)	
              The
                Purchaser’s representations and warranties made in this Agreement shall
                survive the execution and delivery hereof and delivery of the Units
                to the
                Purchaser. 

            

    

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

            

    

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

            

    

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

            

    

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

            

    

    

    Accredited
      Investor Certification and Questionnaire

    (Check
      the appropriate box(es))

    

    1. 
Please
      check the appropriate box.

    

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

            

    

    

    
      	____
              (ii)	
              I
                am a natural person whose individual net worth (i.e.,
                total assets in excess of total liabilities), or joint net worth
                with my
                spouse, will at the time of purchase of the Units described in this
                subscription agreement to which this certification is attached be
                in
                excess of $1,000,000;

            

    

    

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

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    
 

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

            

    

    

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

            

    

    

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

            

    

    

    The
      undersigned agrees that the undersigned will notify the Company at any time
      on
      or prior to the Closing in the event that the representations and warranties
      in
      this Accredited Investor Certification and Questionnaire shall cease to be
      true,
      accurate and complete.

    

    (2) 
Suitability
      (please answer each question)

    

    a)  For
      an
      individual, please describe any college or graduate degrees held by
      you:

    

     

    b)  For
      all
      subscribers, please state whether you have you participated in other
private
      placements
      before:

    

    
      	
              YES

            	   
	 	
              NO

            	   

    

    

    (c) If
      your
      answer to question (b) above was “YES”, please indicate frequency of such prior
      participation in private
      placements
      of:

    

    
      	 	
              Public

              Companies

            	
              Private

              Companies

            
	
              Frequently

            	       
	        

	
              Occasionally

            	         
	        

	
              Never

            	          
              	         
              

    

    

    (d) For
      individuals, do you expect your current level of income to significantly
      decrease in the foreseeable future?

    

    

    
      	
              YES

            	   
	 	
              NO

            	   

    

    

    (e) For
      trust, corporate, partnership and other institutional subscribers, do you expect
      your total assets to significantly decrease in the foreseeable
      future?

    

    

    
      	
              YES

            	   
	 	
              NO

            	   

    

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    (f) For
      all
      subscribers, are you familiar with the risk aspects and the non-liquidity of
      investments such as the Securities for which you seek to purchase?

    

    

    
      	
              YES

            	   
	 	
              NO

            	   

    

    

    (g) For
      all
      subscribers, do you understand that there is no guarantee of financial return
      on
      this investment and that you run the risk of losing your entire
      investment?

    

    
      	
              YES

            	   
	 	
              NO

            	   

    

    

    (3) 
Manner
      in
      which title is to be held: (circle one)

    

    (a) 
Individual
      Ownership

    (b) 
Community
      Property

    (c) 
Joint
      Tenant with Right of Survivorship (both parties must sign)

    (d) 
Partnership

    (e) 
Tenants
      in Common

    (f) 
Company

    (g) 
Trust

    (h) 
Other

    

    (4) 
NASD
      Affiliation.

    

    Are
      you
      affiliated or associated with an NASD member firm (please check
      one):

    

    
      	
              YES

            	   
	 	
              NO

            	   

    

    

    If
      Yes,
      please describe:

    

    _________________________________________________________

    _________________________________________________________

    _________________________________________________________

    

    *If
      subscriber is a Registered Representative with an NASD member firm, have the
      following acknowledgment signed by the appropriate party:

    

    The
      undersigned NASD member firm acknowledges receipt of the notice required by
      the
      NASD Conduct Rules.

    

    

    _________________________________

    Name
      of
      NASD Member Firm

    

    

    By:
      ______________________________

    Authorized
      Officer

    

    Date:
      ____________________________

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

       

       

    

    The
      undersigned is informed of the significance to the Company of the foregoing
      representations and answers contained in this Purchaser Questionnaire and such
      answers have been provided under the assumption that the Company will rely
      on
      them. 

    

    [Remainder
      of page intentionally blank, signature pages follow]

     

     

     

    
 

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the Purchaser has executed this Agreement this ____ day of
      ____________ , 2008.

    

    
      	
              $_____________________

            	
              ___________________

            	
              ___________________

            
	
              (Purchase
                Price)

            	
              #
                Shares (Purchase Price / 0.80)

            	
              #
                Warrants (Shares / 2)

            

    

    

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

    

    
      	
              ____________________________

            	
              ______________________________

            
	
              Print
                Name(s)

            	
              Social
                Security Number(s)

            
	 	 
	
              ____________________________

            	
              ______________________________

            
	
              Signature(s)
                of Purchaser(s)

            	 
	 	 
	
              ____________________________

            	
              ______________________________

            
	
              Date

            	
              Address

            
	 	 
	
              _____________________________

            	
              ______________________________

            
	
              Email

            	
              Fax

            

    

    

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

    

    
      	
              ____________________________

            	
              ______________________________

            
	
              Name
                of Partnership, Corporation

            	
              Federal
                Taxpayer

            
	
              Limited
                Liability Company or Trust

            	
              Identification
                Number

            
	 	 
	
              ____________________________

            	 
	
              Date
                

            	 
	 	 
	
              By:_________________________

            	
              ______________________________

            
	
              Name:

            	
              State
                of Organization

            
	
              Title:

            	 
	 	
              ______________________________

            
	
              ____________________________

            	 
	
              Email
                

            	 
	
              ____________________________

            	
              _____________________________

            
	
              Fax

            	
              Address

            

    

    

    SUBSCRIPTION
      ACCEPTED AND AGREED TO

    this
      ____
      day of ________________, 2008.

    

    

    SPO
      MEDICAL INC.

    

    By:_____________________________

    Name:
      Michael Braunold

    Title:  
      CEO

    

    
      
        
        

      

      
        12

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