Document:

Exhibit 10.19

 

FOURTH ADDENDUM AND AMENDMENT TO

CONTRACT FOR THE SALE AND

PURCHASE OF NATURAL GAS

 

THIS FOURTH ADDENDUM AND AMENDMENT TO CONTRACT FOR THE SALE AND PURCHASE OF NATURAL GAS (the “Fourth Amendment”) is made effective as of August 30, 2013 (the “Effective Date”) between:

 

GEOPARK FELL SpA, a company duly organized and validly existing under the laws of the Republic of Chile (the “Seller”)

 

- and -

 

METHANEX CHILE S.A., a company duly organized and validly existing under the laws of the Republic of Chile (the “Buyer”)

 

(and together with the Seller, the “Parties”)

 

WHEREAS:

 

A.                                    Methanex Chile S.A. and GeoPark Chile Limited Agencia en Chile, predecessor in interest to GeoPark Fell SpA, entered into a Contract for the Sale and Purchase of Natural Gas dated as of October 27, 2009 as amended by an Addendum and Amendment dated March 4, 2011, a Second Amendment dated May 23, 2011 and a Third Amendment dated March 29, 2012 (collectively, the “Gas Supply Agreement”);

 

B.                                    Buyer is undertaking a project to recondition its Train 1 plant in order to make it possible to operate at a minimum rate of 600,000 SCM/d of Natural Gas and such minimum rate is higher than the current Gas Volume Commitment for 2013 (“GVC 2013”).

 

C.                                    The Parties wish to provide Seller with an incentive to produce and deliver additional Natural Gas from the Fell Block and to amend the GVC 2013 and to commit in advance deliveries for a period of year 2014; and

 

D.                                    The Parties also wish to make certain temporary amendments to the Gas Supply Agreement as set forth herein.

 

NOW THEREFORE, in consideration of the promises and covenants of the Parties described herein, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows:

 

 

ARTICLE 1
 DEFINITIONS AND INTERPRETATION

 

1.1                               References

 

Unless something in the subject matter or context is inconsistent therewith, all references to Sections, Articles and Schedules are to Sections, Articles and Schedules of this Fourth Amendment.

 

1.2                               General Definitions

 

Unless the context otherwise requires, capitalized terms used but not otherwise defined herein shall have the meaning given to such terms in the Gas Supply Agreement.

 

ARTICLE 2
 AMENDMENTS TO GAS SUPPLY AGREEMENT

 

2.1                               Amendments to Gas Volume Commitments

 

(a)                                 For a period of six (6) Months (the “Increased Delivery Period”) commencing between September 15th and October 31st, 2013, a temporary Gas Volume Commitment shall apply (the “Amended GVC”) such that the daily rate of delivery shall be 400,000 SCM/d of Seller’s Gas during each Month of the Increased Delivery Period. Buyer shall determine the start Month of the Increased Delivery Period by delivery of a written notice to Seller not less than thirty (30) days in advance of the start date.  If such start date is not on the first day of a Month, the Increased Delivery Period shall end on the last Day of the Month which is six (6) calendar months later.

 

(b)                                 The Parties agree that the Gas Volume Commitment previously delivered by Seller to Buyer for the period of 2013 that is included in the Increased Delivery Period is hereby revised and superseded by the Amended GVC, which is hereby deemed to be delivered in accordance with the terms and conditions of the Gas Supply Agreement. The Parties also agree that the Amended GVC, and thus the DCQ resulting from the Amended GVC, shall be valid only for the period of 2014 covered by the Increased Delivery Period.

 

(c)                                  Notwithstanding paragraph (a) above, if Seller’s average deliveries to Buyer or to ENAP during the period between April 29 and the start date exceed 200,000 SCM/d (the “Excess Amount”), the Amended GVC will be reduced by the Excess Amount.

 

(d)                                 Provided that Buyer continues to invest in and perform its reconditioning plans for its Train I plant so that such plant is able to restart in Q4 2013, Seller may undertake a drilling program consisting of exploratory wells having Natural Gas as target, in order to satisfy the Amended GVC.

 

 

(e)                                  Seller may by providing a written notice to Buyer at least 15 Days in advance, request that the Amended GVC (as adjusted according to 2.1(c)) be increased for any Month(s) during the Increased Delivery Period.  Buyer, at its sole option, may agree to accept such increased Amended GVC and such increase in the volume of gas shall be referred to as the “Surplus Gas”.

 

2.2                               Amendments to Take or Pay Obligations

 

For the Increased Delivery Period and any Extension Period only, Clause 4.3(b) of the Gas Supply Agreement is hereby deleted in its entirety and the following is substituted therefor:

 

“(b) The Take or Pay quantity (the “TOP Quantity”) shall be, for any given Month, 50% of [*].

 

If Buyer’s Plant is in operation, the Seller’s Gas will have first priority over any third party deliveries.

 

If Buyer has been unable to take any volume of the Seller’s Gas which was included in the Amended GVC, Seller shall be free, after the end of the Increased Delivery Period, to deliver and sell to third parties any such quantities of Seller’s Gas which has not been paid for by Buyer.”

 

2.3                               Amendment to Deliver-or-Pay Obligation

 

For the Increased Delivery Period and any Extension Period only, Clauses 4.5 (b) and (c) of the Gas Supply Agreement are hereby deleted in their entirety and the following is substituted therefor:

 

“(b)                           The Deliver-or-Pay Quantity (“DOP Quantity”) shall be, for any given Month, 100% of [*].

 

Certain confidential information has been omitted from this document, as indicated by the notation “[*]”. The omitted information has been filed on a confidential basis with the Securities and Exchange Commission pursuant to a request for confidential treatment.

 

 

(c)                                  Subject to Clause 4.6, if Seller does not deliver the DOP Quantity in a given Month, Seller shall pay Buyer an amount (the “Deliver-or-Pay Amount”) equal to the Gas Price for Additional Gas then in effect multiplied by the Seller Deficiency Quantity.  For each Month, the “Seller Deficiency Quantity” shall be the difference between the DOP Quantity and the quantity of Seller’s Gas tendered for delivery at the Delivery Point.  For purposes of Clause 4.4 hereof Seller’s DOP Quantity shall be reduced by the percentage amount of Seller’s Gas delivered to Buyer as Make-up Quantity up to a maximum of 80% of the MCQ calculated over the total quantity of Seller’s Gas delivered in such Month.   If Seller is requested by any Government  authority (e.g. Government, Energy Ministry, Local Governor or Intendant) to deliver Seller’s Gas to third parties during the Increased Delivery Period, the volume delivered to such third party shall be deemed as delivered to Buyer for purposes of Seller meeting its Deliver-or-Pay Quantity hereunder, and shall be counted towards the Amended GVC.”

 

2.4                               Amendment to Gas Price in the Increased Delivery Period

 

During the Increased Delivery Period only, the Gas Price provided in Article 12 of the Gas Supply Agreement shall be as follows:

 

(a)                                 For each Month of the Increased Delivery Period, the Gas Price shall be:

 

·                          For all volumes of Seller’s Gas Seller tenders for delivery up to 180,000 SCM/d, the Gas Price.

·                          For all volumes of Seller’s Gas Seller tenders for delivery over 180,000 SCM/d (the “Additional Gas”), the Gas Price shall be increased by $1.50 per MMBtu (the “Additional Amount per MMBtu”).

 

(b)                                 If for any Month of the Increased Delivery Period, Seller commits to delivering an Amended GVC of at least 500,000 SCM/d, the Gas Price shall be increased by $0.50 per MMBtu plus the Additional Amount per MMBtu for all Surplus Gas delivered by Seller, provided, however, that if in any such Month of the Increased Delivery Period, the Methanol Price is less than US$300/MT, then this extra $0.50 per MMBtu will not be payable in such Month.

 

2.5                               Extension Period

 

Not less than ninety (90) Days prior to the expiry of the Increased Delivery Period, Seller shall deliver to Buyer a Gas Volume Commitment that covers a period of time not less than 6 Months (the “Extension Period”). If, pursuant to such Gas Volume Commitment, Seller agrees to deliver to Buyer a minimum of 400,000 SCM/d of Seller’s Gas during each Month of the Extension Period, then the terms of this Fourth Amendment shall remain in force.  Notwithstanding the foregoing, Buyer is still required to provide a Gas Volume Commitment for 2014 pursuant to Clause 4.2 of the Gas Supply Agreement provided,

 

 

however, that any subsequent Gas Volume Commitment delivered pursuant to this Section 2.5 shall supersede any previously delivered Gas Volume Commitment for the relevant periods of time.

 

ARTICLE 3
 MISCELLANEOUS

 

3.1                               Other Terms of the Gas Supply Agreement Remain Unchanged

 

Other than as amended by this Fourth Amendment, and for such periods as amended herein, the terms of the Gas Supply Agreement remain unchanged.

 

IN WITNESS WHEREOF, the Parties have caused this Fourth Amendment to be signed in their respective names effective as of the date first above written.

 

GEOPARK FELL SpA, a company duly organized and

validly existing under the laws of the Republic of Chile

 

 

	
By:
    	
/s/ Pedro Aylwin
    	
 
    
	
 
    	
Name:   Pedro Aylwin
    	
 
    
	
 
    	
Title:   Legal Representative
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
METHANEX CHILE S.A., a company duly organized
    	
 
    
	
and validly existing   under the laws of Chile
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Alejandro Larrive
    	
 
    
	
 
    	
Name:   Alejandro Larrive
    	
 
    
	
 
    	
Title:   Director Gas Development & Supply
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Paul Schiodtz
    	
 
    
	
 
    	
Name:   Paul Schiodtz
    	
 
    
	
 
    	
Title:   VP Latin America, General ManagerQuint Media Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

THIS PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT (THE
"SUBSCRIPTION AGREEMENT") RELATES TO AN OFFERING OF SECURITIES IN AN OFFSHORE
TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED HEREIN) PURSUANT TO
REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
"1933 ACT"). 

NONE OF THE SECURITIES TO WHICH THIS SUBSCRIPTION AGREEMENT
RELATES HAVE BEEN REGISTERED UNDER THE 1933 ACT OR ANY U.S. STATE SECURITIES
LAWS AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY OR
INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT
IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE
SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933 ACT.

PRIVATE PLACEMENT SUBSCRIPTION

QUINT MEDIA INC.

PRIVATE PLACEMENT

INSTRUCTIONS TO SUBSCRIBER:

	1. 	
      COMPLETE the information on Page 10 of this
      Subscription Agreement.

	 	 
	2. 	
      DELIVER the Subscription Proceeds, in the form of
      cash, bank draft or wire transfer (wire transfer instructions will be
      provided upon request), together with one originally executed copy of this
      entire Subscription Agreement to Quint Media Inc.,
at

	Quint Media Inc. 
	3250 NE 1st Ave, Suite 305 
	Miami, FL 33137 

	3. 	
      FAX a copy of Page 10 of this Subscription
      Agreement to Quint Media Inc., attention Constantin Dietrich at <>.
      If you have any questions please contact Constantin Dietrich at: 1 (786)
      431-2174.

Page 2 of 12

THIS PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT (THE
"SUBSCRIPTION AGREEMENT") RELATES TO AN OFFERING OF SECURITIES IN AN OFFSHORE
TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED HEREIN) PURSUANT TO
REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
"1933 ACT"). 

NONE OF THE SECURITIES TO WHICH THIS SUBSCRIPTION AGREEMENT
RELATES HAVE BEEN REGISTERED UNDER THE 1933 ACT, NOR ANY U.S. STATE SECURITIES
LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY OR
INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT
IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE
SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933 ACT.

PRIVATE PLACEMENT SUBSCRIPTION
(Non U.S. and
Non-Canadian Subscribers Only)

	TO: 	QUINT MEDIA INC. (the "Company")
    
	  	3250 NE 1st Ave, Suite 305 
	  	Miami, FL 33137 

Purchase of Securities

1. SUBSCRIPTION

1.1 The undersigned (the "Subscriber") hereby
irrevocably subscribes for and agrees to purchase a Promissory Note (the
"Securities") (appended to this subscription agreement as Schedule A) in
the amount set out on Page 10 of this Subscription Agreement (such subscription
and agreement to purchase being the "Subscription"), for the total
subscription price as set out on Page 10 of this Subscription Agreement (the
"Subscription Proceeds"), which Subscription Proceeds are tendered
herewith, on the basis of the representations and warranties and subject to the
terms and conditions set forth herein.

1.2 The Company hereby agrees to sell the Securities to the
Subscriber on the basis of the representations and warranties and subject to the
terms and conditions set forth herein. Subject to the terms hereof, the
Subscription Agreement will be effective upon its acceptance by the Company.

1.3 Unless otherwise provided, all dollar amounts referred to
in this Subscription Agreement are in lawful money of the United States of
America.

2. PAYMENT

2.1 The Subscription Proceeds must accompany this Subscription
Agreement or they must be wired directly to the Company in accordance with wire
instructions that will be provided by the Company on request.

2.2 The Company may treat the Subscription Proceeds as a
non-interest bearing loan and may use the Subscription Proceeds prior to this
Subscription Agreement being accepted by the Company.

Page 3 of 12

2.3 The Subscriber must complete, sign and return to the
Company an executed copy of this Subscription Agreement.

2.4 The Subscriber shall complete, sign and return to the
Company as soon as possible, on request by the Company, any documents,
questionnaires, notices and undertakings as may be required by regulatory
authorities, stock exchanges and applicable law.

3. CLOSING

3.1 Closing of the purchase and sale of the Securities shall
occur on or before September 30, 2013, or on such other date as may be
determined by the Company in its sole discretion (the "Closing Date"),
but there is no minimum or maximum number of securities being offered. The
Subscriber acknowledges that securities may be issued to other subscribers under
this offering (the "Offering"), and that these may close before, on or
after the Closing Date.

4. ACKNOWLEDGEMENTS OF SUBSCRIBER

4.1 The Subscriber acknowledges and agrees that:

	 	(a) 	
      the Securities have not been registered under the U.S.
      Securities Act of 1933, as amended (the "1933 Act"), or under any
      securities or "blue sky" laws of any state of the United States and are
      being offered only in a transaction not involving any public offering
      within the meaning of the 1933 Act, and, unless so registered, may not be
      offered or sold in the United States or to a U.S. Person, as that term is
      defined in Regulation “S” (“Regulation “S”) promulgated by the
      Securities and Exchange Commission (the “SEC”) pursuant to the 1933
      Act, except pursuant to an effective registration statement under the 1933
      Act, or pursuant to an exemption from, or in a transaction not subject to,
      the registration requirements of the 1933 Act, and in each case only in
      accordance with applicable state securities laws;

	 	 	 
	 	(b) 	
      the Company will refuse to register any transfer of any
      of the Securities not made in accordance with the provisions of Regulation
      S, pursuant to an effective registration statement under the 1933 Act or
      pursuant to an available exemption from, or in a transaction not subject
      to, the registration requirements of the 1933 Act;

	 	 	 
	 	(c) 	
      the decision to execute this Subscription Agreement and
      purchase the Securities has not been based upon any oral or written
      representation as to fact or otherwise made by or on behalf of the Company
      and such decision is based solely upon information provided by the Company
      in this document (the "Company Information").

	 	 	 
	 	(d) 	
      the Subscriber and the Subscriber's advisor(s) have had a
      reasonable opportunity to review the Company Information and to ask
      questions of and receive answers from the Company regarding the Offering,
      and to obtain additional information, to the extent possessed or
      obtainable without unreasonable effort or expense, necessary to verify the
      accuracy of the information contained in the Company Information, or any
      other document provided to the Subscriber;

	 	 	 
	 	(e) 	
      by execution hereof the Subscriber has waived the need
      for the Company to communicate its acceptance of the purchase of the
      Securities pursuant to this Subscription Agreement;

	 	 	 
	 	(f) 	
      the Company is entitled to rely on the representations
      and warranties and the statements and answers of the Subscriber contained
      in this Subscription Agreement and the Subscriber will hold harmless the
      Company from any loss or damage it may suffer as a result of the
      Subscriber's failure to correctly complete this Subscription
    Agreement;

Page 4 of 12

	 	(g) 	
      the Subscriber will indemnify and hold harmless the
      Company and, where applicable, its respective directors, officers,
      employees, agents, advisors and shareholders from and against any and all
      loss, liability, claim, damage and expense whatsoever (including, but not
      limited to, any and all fees, costs and expenses whatsoever reasonably
      incurred in investigating, preparing or defending against any claim,
      lawsuit, administrative proceeding or investigation whether commenced or
      threatened) arising out of or based upon any acknowledgment,
      representation or warranty of the Subscriber contained herein or in any
      other document furnished by the Subscriber to the Company in connection
      herewith, being untrue in any material respect or any breach or failure by
      the Subscriber to comply with any covenant or agreement made by the
      Subscriber to the Company in connection therewith;

	 	 	 	 
	 	(h) 	
      the issuance and sale of the Securities to the Subscriber
      will not be completed if it would be unlawful or if, in the discretion of
      the Company acting reasonably, it is not in the best interests of the
      Company;

	 	 	 	 
	 	(i) 	
      the Subscriber has been advised to consult the
      Subscriber’s own legal, tax and other advisors with respect to the merits
      and risks of an investment in the Securities and with respect to the
      applicable resale restrictions, and it is solely responsible (and the
      Company is not in any way responsible) for compliance with:

	 	 	 	 
	 		(i) 	
      any applicable laws of the jurisdiction in which the
      Subscriber is resident in connection with the distribution of the
      Securities hereunder, and

	 	 	 	 
	 		(ii) 	
      applicable resale restrictions;

	 	 	 	 
	 	(j) 	
      the Subscriber has not acquired the Securities as a
      result of, and will not itself engage in, any "directed selling efforts"
      (as defined in Regulation S) in the United States in respect of any of the
      Securities which would include any activities undertaken for the purpose
      of, or that could reasonably be expected to have the effect of,
      conditioning the market in the United States for the resale of any of the
      Securities; provided, however, that the Subscriber may sell or otherwise
      dispose of any of the Securities pursuant to registration of any of the
      Securities pursuant to the 1933 Act and any applicable state securities
      laws or under an exemption from such registration requirements and as
      otherwise provided herein;

	 	 	 	 
	 	(k) 	
      the Subscriber is not a U.S. Person (as defined in
      Regulation S), is outside the United States when receiving and executing
      this Subscription Agreement and is acquiring the Securities as principal
      for its own account, for investment purposes only, and not with a view to,
      or for, resale, distribution or fractionalization thereof, in whole or in
      part, and no other person has a direct or indirect beneficial interest in
      such Securities;

	 	 	 	 
	 	(l) 	
      the statutory and regulatory basis for the exemption
      claimed for the offer and sale of the Securities, although in technical
      compliance with Regulation S, would not be available if the offering is
      part of a plan or scheme to evade the registration provisions of the 1933
      Act;

	 	 	 	 
	 	(m) 	
      the Company has advised the Subscriber that the Company
      is relying on an exemption from the requirements to provide the Subscriber
      with a prospectus and to sell the Securities through a person registered
      to sell securities and, as a consequence of acquiring the Securities
      pursuant to this exemption, certain protections, rights and remedies,
      including statutory rights of rescission or damages, will not be available
      to the Subscriber;

	 	 	 	 
	 	(n) 	
      the Securities are not listed on any stock exchange and
      no representation has been made to the Subscriber that any of the
      Securities will become listed on any stock
exchange;

Page 5 of 12

	 	(o) 	
      neither the SEC, nor any other securities regulatory
      authority has reviewed or passed on the merits of the
Securities;

	 	 	 
	 	(p) 	
      no documents in connection with this Offering have been
      reviewed by the SEC, nor by any other state securities
    administrators;

	 	 	 
	 	(q) 	
      there is no government or other insurance covering any of
      the Securities; and

	 	 	 
	 	(r) 	
      this Subscription Agreement is not enforceable by the
      Subscriber unless it has been accepted by the Company, and the Subscriber
      acknowledges and agrees that the Company reserves the right to reject any
      subscription for any reason.

5. REPRESENTATIONS, WARRANTIES AND COVENANTS OF
THE SUBSCRIBER

5.1 The Subscriber hereby represents and warrants to and
covenants with the Company, as of the date of this Agreement and as of the
Closing Date (which representations, warranties and covenants shall survive the
Closing Date) that:

	 	(a) 	
      the Subscriber is outside the United States when
      receiving and executing this Subscription Agreement;

	 	 	 	 	 
	 	(b) 	
      the Subscriber is not a “U.S. Person”, as defined in
      Regulation S;

	 	 	 	 	 
	 	(c) 	
      the Subscriber is not acquiring the Securities for the
      account or benefit of, directly or indirectly, any U.S. Person, as defined
      in Regulation S;

	 	 	 	 	 
	 	(d) 	
      the Subscriber is resident in the jurisdiction set out on
      Page 10 of this Subscription Agreement;

	 	 	 	 	 
	 	(e) 	
      the Subscriber:

	 	 	 	 	 
	 		(i) 	
      is knowledgeable of, or has been independently advised as
      to, the applicable securities laws of the securities regulators having
      application in the jurisdiction in which the Subscriber is resident (the
      “International Jurisdiction”) which would apply to the acquisition
      of the Securities,

	 	 	 	 	 
	 		(ii) 	
      is purchasing the Securities pursuant to exemptions from
      prospectus or equivalent requirements under applicable securities laws or,
      if such is not applicable, the Subscriber is permitted to purchase the
      Securities under the applicable securities laws of the securities
      regulators in the International Jurisdiction without the need to rely on
      any exemptions,

	 	 	 	 	 
	 		(iii) 	
      acknowledges that the applicable securities laws of the
      authorities in the International Jurisdiction do not require the Company
      to make any filings or seek any approvals of any kind whatsoever from any
      securities regulator of any kind whatsoever in the International
      Jurisdiction in connection with the issue and sale or resale of the
      Securities, and

	 	 	 	 	 
	 		(iv) 	
      represents and warrants that the acquisition of the
      Securities by the Subscriber does not trigger:

	 	 	 	 	 
	 			A. 	
      any obligation to prepare and file a prospectus or
      similar document, or any other report with respect to such purchase in the
      International Jurisdiction, or

Page 6 of 12

	 	B. 	
      any continuous disclosure reporting obligation of the
      Company in the International Jurisdiction, and

the Subscriber will, if requested by
the Company, deliver to the Company a certificate or opinion of local counsel
from the International Jurisdiction which will confirm the matters referred to
in subparagraphs (ii), (iii) and (iv) above to the satisfaction of the Company,
acting reasonably;

	 	(f) 	
      the Subscriber is acquiring the Securities as principal
      for investment only and not with a view to, or for, resale, distribution
      or fractionalization thereof, in whole or in part, and, in particular, it
      has no intention to distribute either directly or indirectly any of the
      Securities in the United States or to U.S. Persons (as defined in
      Regulation S);

	 	 	 
	 	(g) 	
      the Subscriber acknowledges that it has not acquired the
      Securities as a result of, and will not itself engage in, any "directed
      selling efforts" (as defined in Regulation S) in the United States in
      respect of any of the Securities which would include any activities
      undertaken for the purpose of, or that could reasonably be expected to
      have the effect of, conditioning the market in the United States for the
      resale of any of the Securities; provided, however, that the Subscriber
      may sell or otherwise dispose of any of the Securities pursuant to
      registration of any of the Securities pursuant to the 1933 Act and any
      applicable state securities laws or under an exemption from such
      registration requirements and as otherwise provided herein;

	 	 	 
	 	(h) 	
      the Subscriber has the legal capacity and competence to
      enter into and execute this Subscription Agreement and to take all actions
      required pursuant hereto and, if the Subscriber is a corporation, it is
      duly incorporated and validly subsisting under the laws of its
      jurisdiction of incorporation and all necessary approvals by its
      directors, shareholders and others have been obtained to authorize
      execution and performance of this Subscription Agreement on behalf of the
      Subscriber;

	 	 	 
	 	(i) 	
      the entering into of this Subscription Agreement and the
      transactions contemplated hereby do not result in the violation of any of
      the terms and provisions of any law applicable to, or, if applicable, the
      constating documents of, the Subscriber, or of any agreement, written or
      oral, to which the Subscriber may be a party or by which the Subscriber is
      or may be bound;

	 	 	 
	 	(j) 	
      the Subscriber has duly executed and delivered this
      Subscription Agreement and it constitutes a valid and binding agreement of
      the Subscriber enforceable against the Subscriber;

	 	 	 
	 	(k) 	
      the Subscriber has received and carefully read this
      Subscription Agreement;

	 	 	 
	 	(l) 	
      the Subscriber (i) has adequate net worth and means of
      providing for its current financial needs and possible personal
      contingencies, (ii) has no need for liquidity in this investment, and
      (iii) is able to bear the economic risks of an investment in the
      Securities for an indefinite period of time, and can afford the complete
      loss of such investment;

	 	 	 
	 	(m) 	
      the Subscriber has the degree of knowledge, education and
      experience in financial and business matters as to enable the Subscriber
      to evaluate the merits and risks of the investment in the Securities and
      the Company;

	 	 	 
	 	(n) 	
      the Subscriber understands and agrees that the Company
      and others will rely upon the truth and accuracy of the acknowledgements,
      representations, warranties, covenants and agreements contained in this
      Subscription Agreement, and agrees that if any of such acknowledgements,
      representations and agreements are no longer accurate or have been
      breached, the Subscriber shall promptly notify the
  Company;

Page 7 of 12

	 	(o) 	
      the Subscriber is aware that an investment in the Company
      is speculative and involves certain risks, including the possible loss of
      the investment;

	 	 	 	 
	 	(p) 	
      the Subscriber is not an underwriter of, or dealer in,
      the Company's Securities, nor is the Subscriber participating, pursuant to
      a contractual agreement or otherwise, in the distribution of the
      Securities;

	 	 	 	 
	 	(q) 	
      the Subscriber has made an independent examination and
      investigation of an investment in the Securities and the Company and has
      depended on the advice of its legal and financial advisors and agrees that
      the Company will not be responsible in anyway whatsoever for the
      Subscriber's decision to invest in the Securities and the
  Company;

	 	 	 	 
	 	(r) 	
      if the Subscriber is acquiring the Securities as a
      fiduciary or agent for one or more investor accounts, the Subscriber has
      sole investment discretion with respect to each such account, and the
      Subscriber has full power to make the foregoing acknowledgements,
      representations and agreements on behalf of such account;

	 	 	 	 
	 	(s) 	
      the Subscriber is not aware of any advertisement of any
      of the Securities and is not acquiring the Securities as a result of any
      form of general solicitation or general advertising including
      advertisements, articles, notices or other communications published in any
      newspaper, magazine or similar media or broadcast over radio or
      television, or any seminar or meeting whose attendees have been invited by
      general solicitation or general advertising;

	 	 	 	 
	 	(t) 	
      no person has made to the Subscriber any written or oral
      representations:

	 	 	 	 
	 		(i) 	
      that any person will resell or repurchase any of the
      Securities,

	 	 	 	 
	 		(ii) 	
      that any person will refund the purchase price of any of
      the Securities,

	 	 	 	 
	 		(iii) 	
      as to the future price or value of any of the Securities,
      or

	 	 	 	 
	 		(iv) 	
      that any of the Securities will be listed and posted for
      trading on any stock exchange or that application has been made to list
      and post any of the Securities of the Company on any stock exchange;
      and

	 	 	 	 
	 	(u) 	
      the Subscriber acknowledges and agrees that the Company
      shall not consider the Subscriber's Subscription for acceptance unless the
      undersigned provides to the Company, along with an executed copy of this
      Subscription Agreement, such supporting documentation that the Company or
      its legal counsel may request to establish the Subscriber's qualification
      as a qualified investor.

5.2 In this Subscription Agreement, the term "U.S. Person"
shall have the meaning ascribed thereto in Regulation S promulgated under the
1933 Act and for the purpose of the Subscription Agreement includes any person
in the United States.

6. ACKNOWLEDGEMENT AND WAIVER

6.1 The Subscriber has acknowledged that the decision to
purchase the Securities was made based solely on the Company Information. The
Subscriber hereby waives, to the fullest extent permitted by law, any rights of
withdrawal, rescission or compensation for damages to which the Subscriber might
be entitled in connection with the distribution of any of the Securities.
Because the Subscriber is not purchasing the Securities under a prospectus, the
Subscriber may not have the civil protections, rights and remedies that would
otherwise be available to the Subscriber, including statutory rights of
rescission or damages.

Page 8 of 12

7. REPRESENTATIONS AND WARRANTIES WILL BE RELIED
UPON BY THE COMPANY

7.1 The Subscriber acknowledges that the acknowledgements,
representations and warranties contained herein are made by it with the
intention that they may be relied upon by the Company and its legal counsel in
determining the Subscriber's eligibility to purchase the Securities under
applicable securities legislation, or (if applicable) the eligibility of others
on whose behalf it is contracting hereunder to purchase the Securities under
applicable securities legislation. The Subscriber further agrees that by
accepting delivery of the certificates representing the Securities, it will be
representing and warranting that the acknowledgements representations and
warranties contained herein are true and correct as of the date hereof and the
date of delivery and will continue in full force and effect notwithstanding any
subsequent disposition by the Subscriber of all of the Securities.

8. RESALE RESTRICTIONS

8.1 The Subscriber acknowledges that any resale of any of the
Securities will be subject to resale restrictions contained in the securities
legislation applicable to the Subscriber or proposed transferee. The Subscriber
acknowledges that none of the Securities have been registered under the 1933 Act
or the securities laws of any state of the United States. The Securities may not
be offered or sold in the United States unless registered in accordance with
federal securities laws and all applicable state securities laws or exemptions
from such registration requirements are available.

8.2 No Securities of any class of the Company shall be
transferred without the approval of the directors, provided that approval of any
transfer of Securities may be given as aforesaid after the transfer has been
effected upon the records of the Company, in which event, unless the said
approval stipulates otherwise, the said transfer shall be valid and shall take
effect as from the date of its very entry upon the books of the Company. This
covenant shall survive the Closing.

9. COLLECTION OF PERSONAL INFORMATION

9.1 The Subscriber acknowledges and consents to the fact that
the Company is collecting the Subscriber's personal information for the purpose
of fulfilling this Subscription Agreement and completing the Offering. The
Subscriber's personal information (and, if applicable, the personal information
of those on whose behalf the Subscriber is contracting hereunder) may be
disclosed by the Company to (a) stock exchanges or securities regulatory
authorities, (b) the Company's registrar and transfer agent, (c) tax
authorities, (d) law enforcement authorities, and (f) any of the other parties
involved in the Offering, including legal counsel, and may be included in record
books in connection with the Offering. By executing this Subscription Agreement,
the Subscriber is deemed to be consenting to the foregoing collection, use and
disclosure of the Subscriber's personal information (and, if applicable, the
personal information of those on whose behalf the Subscriber is contracting
hereunder) and to the retention of such personal information for as long as
permitted or required by law or business practice. Notwithstanding that the
Subscriber may be purchasing Securities as agent on behalf of an undisclosed
principal, the Subscriber agrees to provide, on request, particulars as to the
identity of such undisclosed principal as may be required by the Company in
order to comply with the foregoing.

Furthermore, the Subscriber is hereby notified that the
Corporation may deliver to the Securities and Exchange Commission certain
personal information pertaining to the Subscriber, including such Subscriber’s
full name, residential address and telephone number, the number of shares or
other securities of the Corporation owned by the Subscriber, the number of
Securities purchased by the Subscriber and the total purchase price paid for
such Securities, the prospectus exemption relied on by the Corporation and the
date of distribution of the Securities.

10. COSTS

10.1The Subscriber acknowledges and agrees that all costs and
expenses incurred by the Subscriber (including any fees and disbursements of any
special counsel retained by the Subscriber) relating to the purchase of the
Securities shall be borne by the Subscriber.

Page 9 of 12

11. GOVERNING LAW

11.1This Subscription Agreement is governed by the laws of the
State of Nevada. The Subscriber, in its personal or corporate capacity and, if
applicable, on behalf of each beneficial purchaser for whom it is acting,
irrevocably attorns to the exclusive jurisdiction of the Courts of the State of
Nevada.

12. SURVIVAL

12.1This Subscription Agreement, including without limitation
the representations, warranties and covenants contained herein, shall survive
and continue in full force and effect and be binding upon the parties hereto
notwithstanding the completion of the purchase of the Securities by the
Subscriber pursuant hereto.

13. ASSIGNMENT

13.1This Subscription Agreement is not transferable or
assignable.

14. SEVERABILITY

14.1The invalidity or unenforceability of any particular
provision of this Subscription Agreement shall not affect or limit the validity
or enforceability of the remaining provisions of this Subscription
Agreement.

15. ENTIRE AGREEMENT

15.1Except as expressly provided in this Subscription Agreement
and in the agreements, instruments and other documents contemplated or provided
for herein, this Subscription Agreement contains the entire agreement between
the parties with respect to the sale of the Securities and there are no other
terms, conditions, representations or warranties, whether expressed, implied,
oral or written, by statute or common law, by the Company or by anyone else.

16. NOTICES

16.1All notices and other communications hereunder shall be in
writing and shall be deemed to have been duly given if hand delivered, sent by
overnight courier or transmitted by any standard form of telecommunication or
electronic mail. Notices to the Subscriber shall be directed to the address on
Page 10 and notices to the Company shall be directed to it at the address stated
on the first page of this Subscription Agreement.

17. COUNTERPARTS AND ELECTRONIC MEANS

17.1 This Subscription Agreement may be executed in any number
of counterparts, each of which, when so executed and delivered, shall constitute
an original and all of which together shall constitute one instrument. Delivery
of an executed copy of this Subscription Agreement by electronic facsimile
transmission or other means of electronic communication capable of producing a
printed copy will be deemed to be execution and delivery of this Subscription
Agreement as of the date hereinafter set forth.

Page 10 of 12

IN WITNESS WHEREOF the Subscriber has duly executed this
Subscription Agreement as of the date hereinafter set forth.

DELIVERY AND REGISTRATION INSTRUCTIONS

	1. 	
      Delivery - please make deliveries to the following
      address:

	 	 	 
	 	(name) 	 
	 	 	 
	 	 	 
	 	(address) 	 

	2. 	
      Registration - registration of the Securities should be
      made as follows:

	 	 	 
	 	(name) 	 
	 	 	 
	 	 	 
	 	(address) 	 

	3. 	
      The undersigned hereby acknowledges that he or she will
      deliver to the Company all such additional completed forms in respect of
      the Subscriber's purchase of the Securities as may be required for filing
      with the appropriate securities regulatory
authorities.

	 	 	 
	(Name of Subscriber – Please type or print) 	 	(Address of Subscriber) 
	  	 	  
	 	 	 
	(Name of Signatory and Office, if for a body 	 	(City, State, and Zip Code of Subscriber)

	corporate – Please type or print) 	 	  
	  	 	  
	 	 	 
	(Signature) 	 	(Country of Subscriber) 
	 	 	 
	US$100,000 7% PROMISSORY NOTE 	 	  
	 	 	 
	(Note to be Purchased) 	 	(Fax Number) 
	 	 	 
	US$100,000 	 	  
	 	 	 
	(Total Subscription Price) 	 	(Email Address) 

Page 11 of 12

A C C E P T A N C E

The above-mentioned Subscription Agreement in respect of the
Securities is hereby accepted by QUINT MEDIA INC.

DATED at Miami, FL, the _____day of _________, 2013.

QUINT MEDIA INC.

	Per: 		 
	 	Constantin Dietrich, President
      and CEO 	 

SCHEDULE A

INSTRUMENT

THIS SECURITY WAS ISSUED IN AN OFFSHORE TRANSACTION TO A
PERSON WHO IS NOT A U.S. PERSON AS DEFINED IN REGULATION S PROMULGATED UNDER THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"). ACCORDINGLY,
THIS PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE 1933 ACT OR ANY U.S.
STATE SECURITIES LAWS AND, UNLESS SO REGISTERED, IT MAY NOT BE OFFERED OR SOLD
IN THE UNITED STATES OR, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS EXCEPT PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT OR PURSUANT TO AN EXEMPTION FROM, OR IN A
TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN
EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION,
HEDGING TRANSACTIONS INVOLVING THIS PROMISSORY NOTE MAY NOT BE CONDUCTED UNLESS
IN ACCORDANCE WITH THE 1933 ACT.

PROMISSORY NOTE

	US$100,000 	Date:
________________

FOR VALUE RECEIVED, the undersigned promises to pay to the
order of _________________ at its principal office located at
__________________, or at such other place as the holder of this Note may
from time to time designate, the principal sum of ONE HUNDRED THOUSAND
DOLLARS ($100,000.00) in lawful money of the United States of America,
together with interest thereon as herein provided, on June 30, 2014.

The principal amount or such portion thereof as shall remain
outstanding from time to time shall accrue simple interest, calculated monthly
in arrears, at a rate of SEVEN PERCENT (7%) PER ANNUM commencing on the
date of this promissory note and payable at maturity. 

If principal is not paid when due, the undersigned promises to
pay all costs of collection, including without limitation, legal fees, and all
expenses in connection with the protection or realization of the collateral
securing this promissory note, if any, or the enforcement of any guaranty hereof
incurred by the holder(s) hereof on account of such collection, whether or not
suit is filed hereon or thereon; such costs and expenses shall include, without
limitation, all costs, expenses and legal fees incurred by the holder(s) hereof
in connection with any insolvency, bankruptcy, arrangement or other similar
proceedings involving the undersigned, or involving any endorser or guarantor
hereof, which in any way affects the exercise by the holder(s) hereof of the
rights and remedies of such holder(s) under this promissory note. 

The undersigned may prepay all or any portion of the principal
sum without prior notice to, or the consent of, the holder, at any time and from
time-to-time during the term of this Note.

Presentment, protest, notice of protest and notice of dishonour
are hereby waived. 

QUINT MEDIA INC.

	By:	 	 
	 	Constantin Dietrich, President
      and CEO

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