Document:

Engagement Agreement

 Exhibit 10.13 

 
 

 
 AEGIS CAPITAL 

810 Seventh Avenue - 11th Floor 
 New York, New York 10019 
 Tel (212) 813-1010 / Fax (212) 813-1048

  
  
 March 29, 2012 
 Mr. Lyle Strachan 

Chief Financial Officer 
 Red Bullet Racing
Corporation 
 Ginger Punch Racing Corporation 
 Ghostzapper Racing Corporation 
 Macho Uno Racing Corporation 

Perfect Sting Racing Corporation 
 Awesome Again
Racing Corporation 
 901 S. Federal Highway 
 Hallandale Beach, FL 33099 
 Dear Mr. Strachan, 

This letter (together with Exhibits A, B and C annexed hereto and made a part hereof, all of which taken together constitute this
“Engagement Agreement”) confirms our complete understanding with respect to the retention of Aegis Capital Corp. (“Aegis”), a registered broker/dealer as financial advisor to Red Bullet Racing Corporation, Ginger Punch Racing
Corporation, Ghostzapper Racing Corporation, Macho Uno Racing Corporation, Perfect Sting Racing Corporation and Awesome Again Racing Corporation (together these entities shall be referred to as the “Company”) in connection with advisory
services (the “Advisory”) and certain securities placement services as provided herein. This letter supersedes all prior agreements written and oral, which upon the effectiveness of this Engagement Agreement are of no further force and
effect. 
 Upon the terms and subject to the conditions set forth hereinafter, the parties hereto agree as follows: 

 

	1.	Appointment. The Company hereby retains Aegis and Aegis hereby agrees to act as the Company’s financial advisor in connection with the financial advisory
services as more specifically set forth in paragraph 2 below, effective as of the date hereof (the “Effective Date”). 

  

	2.	Scope and Certain Conditions of Services. The Company hereby retains Aegis to consult, advise, and assist the Company with respect to various undertakings
related to the Company’s efforts to become a publicly listed Company, as directed by and in consultation with the Company. The Company expressly acknowledges and agrees that the obligations of Aegis hereunder with respect to the listing are on
a reasonable best efforts basis only and that the execution of this Engagement Agreement does not ensure the success of a listing or constitute a commitment by Aegis to provide financing to the Company. The Company hereby retains Aegis to consult
with and advise the Company with respect to the following matters: 

  

	 	i.	assisting with the listing to the OTC Capital Markets, including by filing DTC eligibility questionnaires and related documentation on behalf of the Company;

	 	ii.	additional services incidental to the above, as directed by the Company; and 

 

	 	iii.	advising the Company in respect of the Company’s self underwriting of securities related to the following registration statements, which have been filed with the
Securities & Exchange Commission: Red Bullet Racing Corporation (File No. 333-178754); Awesome Again Racing Corporation (File No. 333-178784); Ginger Punch Racing Corporation (File No. 333-178782); Perfect Sting Racing
Corporation (File No. 333-178783); Ghostzapper Racing Corporation (File No. 333-178785); and Macho Uno Racing Corporation (File No. 333-178781). It is understood that Aegis shall have no obligation or authority to market any
securities being offered under the aforementioned registration statements until and unless the plan of distribution in each aforementioned registration statement has been amended to provide for Aegis’ participation as a selling group member.
Until such time, Aegis shall serve as financial advisor to the Company and its activities as financial advisor shall be limited to explaining the registration and marketing process to prospective investors and such other responsibilities that are
reasonably consistent with a financial advisor. 

  

	3.	Fees and Compensation. In consideration for the services rendered by Aegis hereunder, the Company agrees to pay Aegis the following fees and other compensation:

  

	 	a.	An advisory fee (the “Advisory Fee”) equal to seventy-five thousand dollars ($75,000) payable to Aegis (fifty thousand dollars ($50,000) net of amounts
previously paid) upon the execution of this Engagement Agreement. The parties agree that should states in addition to Florida, California, Kentucky and Maryland merit additional work and diligence associated with the offerings in such states that
additional sums may be required to cover Aegis’ diligence and compliance obligations. Any additional budgeted amounts shall be agreed to and memorialized in writing between the parties. 

 

	 	b.	The Company agrees that Aegis shall be entitled to an accountable expense allowance of up to fifty thousand dollars ($50,000) for legal, transportation, and any other
expenses reasonably associated with its advisory responsibilities associated with the current assignment, payable upon presentation of customary back-up. 

  

	 	c.	In addition, in the event that the Company amends the aforementioned registration statements and requests that Aegis assist it in the placement of the securities
associated with any of the above-referenced financings, the parties agree that Aegis shall be entitled to a placement fee of 4% on any investor generated from the Aegis investor network, including any investor who may later open an account with
Aegis during the formal marketing period subsequent to the aforementioned registration statements being declared effective by the Securities and Exchange Commission. For the avoidance of doubt, Aegis shall not be entitled to a fee in respect of any
investment made in any of the offerings that is made by The Stronach Group or any of its affiliates or associated persons. Any placement fee shall be based on the amount invested by such investor and shall be due and payable at a closing of any of
the aforementioned financings related to the aforementioned registrations in Section 2(iii) above. The Company understands that Aegis reserves the right to decline to open an account for any investor identified in a road show for any reason
whatsoever. 

	4.	Term of Retention. This Engagement Agreement shall terminate at the close of business June 30, 2012. Notwithstanding anything herein to the contrary, the
obligation to pay the Fee set forth in paragraph 3 (a), and the Expenses as set forth in paragraph 3 (b) shall survive any termination or expiration of this Engagement Agreement. 

 

	5.	Due Diligence. The role of Aegis as financial advisor to the Company is subject to and contingent upon the satisfactory completion of a due diligence review of,
among other things, the Company’s assets, business, future prospects and current and projected financial condition. If at the completion of its due diligence review Aegis is not satisfied with the results of its due diligence, this Engagement
Agreement shall be immediately terminated by Aegis and any fees previously paid will be refunded. 

  

	6.	Preferential Right. [Intentionally Omitted] 

  

	7.	Public Announcements. Prior to any press release or other public disclosure relating to services hereunder which is legally allowed by law, the Company and Aegis
Capital Corp. shall confer and reach agreement upon the contents of any such disclosure. 

  

	8.	Miscellaneous. As more specifically set forth in Exhibit C, this Engagement Agreement shall be governed in accordance with the laws of the State of New York
without giving effect to conflicts of laws generally. 

 This Engagement Agreement constitutes the entire understanding and
agreement between the parties hereto with respect to the subject matter hereof and there is no agreements or understandings with respect hereto which are not contained in this Engagement Agreement. This Engagement Agreement may be modified only in
writing signed by the party to be charged. 
 If the foregoing correctly sets forth out understanding with respect to the
subject matter hereto, please confirm the same by executing and returning to us the duplicate copy of this Engagement Agreement. Aegis will remain committed to entering into this agreement provided it is executed by you on or before
March 30th, 2012. 

[Signature Page to Follow] 

 
	
	Very truly yours,
	
	 /s/ Kevin McKenna

	Kevin McKenna
	
	Chief Compliance Officer
	
	 Aegis Capital
Corp.            

  

			
		 	The Company:
		
		 	 /s/ Lyle Strachan

		 	Mr. Lyle Strachan
		
		 	Chief Financial Officer
		
		 	 Agreed and Accepted
 As of this
30th day of March, 2012

 EXHIBIT A 
 STANDARD TERMS AND CONDITIONS 
  

	1.	The Company shall promptly provide Aegis Capital Corp. with all relevant information about the Company (to the extent available to the Company) that shall be reasonably
requested or required by Aegis in carrying out the services under this Agreement which information shall be true, accurate and correct in all material respects at the time furnished. 

 

	2.	Aegis shall keep all information obtained from the Company strictly confidential except: (a) for information which is otherwise publicly available, or previously
known to Aegis or was obtained by Aegis independently of the Company and without breach of Aegis’ agreement with the Company; (b) Aegis may disclose such information to its affiliates, shareholders, officers, directors, representatives,
agents, employees and attorneys, and to financial institutions, in each case where such disclosure is reasonably required in connection with the performance by Aegis of its services hereunder, but shall ensure that all such persons will keep such
information strictly confidential; (c) pursuant to any order of a court of competent jurisdiction or other governmental body (Aegis will give written notice to the Company of such order within forty-eight (48) hours of receipt of such
order); and (d) upon prior written consent of the Company. 

  

	3.	The Company recognizes that in order for Aegis to perform properly its obligations in a professional manner, it is necessary that Aegis be informed of and, to the
extent practicable, participate in meetings and discussions between the Company, on the one hand, and investors and potential investors introduced relating to the matters covered by the terms of Aegis’ engagement. 

 

	4.	The Company agrees that any report or opinion, oral or written, delivered to it by Aegis is prepared solely for its confidential use and shall not be reproduced,
summarized, or referred to in any public document or given or otherwise divulged to any other person, other than its employees and attorneys, without Aegis’ prior written consent, except as may be required by applicable law or regulation, which
consent shall not be unreasonably withheld or delayed. 

  

	5.	No fee payable by the Company to any other financial advisor or lender shall reduce or otherwise affect any fee payable by the Company to Aegis.

  

	6.	The Company represents and warrants that; (a) it has full right, power and authority to enter into this Agreement and to perform all of its obligations hereunder;
(b) the Agreement has been duly authorized and executed and constitutes a valid and binding agreement of the Company, enforceable in accordance with its terms; and (c) the execution and delivery of the Agreement and the consummation of the
transactions contemplated hereby does not conflict with or result in a breach of (i) the Company’s certificate of incorporation or by-laws or (ii) any agreement to which the Company is a party by which any of their property or assets
is bound. 

  

	7.	Nothing contained in the Agreement shall be constituted to place Aegis and the Company in the relationship of partners or joint ventures. Neither Aegis nor the Company
shall represent itself as the agent or legal representative of the other for any purpose whatsoever nor shall either have the power to obligate or bind the other in any manner whatsoever. Aegis in performing its services hereunder, shall at all
times be an independent contractor. 

  

	8.	The Agreement has been and is made solely for the benefit of Aegis, the Company and each of the persons, agents, employees, officers, directors and controlling persons
referred to in Exhibit B and their respective heirs, executors, personal representatives, successors and assigns, and nothing contained in the Agreement shall confer any rights upon, nor shall this Agreement be construed to create any rights in, any
person who is not a party to such Agreement, other than as set forth in this paragraph. 

	9.	The rights and obligations of either party under this Agreement may not be assigned without the prior written consent of the other party hereto and any other purported
assignment shall be null and void without force and effect. 

  

	10.	All communications hereunder, except as may be otherwise specifically provided herein, shall be in writing and shall be mailed, hand delivered, or emailed and confirmed
by letter or sent by overnight delivery service, to the party whom it is addressed at the following addresses or such other address as such party may advise the other in writing: 

 

			
	To the Company:	  	
		
		  	Telephone: 954-457-6997
	Red Bullet Racing Corporation	  	 Email:
[                            ]

	Ginger Punch Racing Corporation	  	
	Ghostzapper Racing Corporation	  	
	Macho Uno Racing Corporation	  	
	Perfect Sting Racing Corporation	  	
	Awesome Again Racing Corporation	  	
	901 S. Federal Highway	  	
	Halalndale Beach, FL 33099	  	

  

			
	Attention:	  	Mr. Lyle Strachan
	Chief Financial Officer

  

			
	To Aegis:	  	
		
	Aegis Capital Corp.	  	
	810 Seventh Avenue, 11th floor	  	Telephone: (212) 813-1010
	New York, NY 10019	  	Email:
[                            ]

  

			
	Attention:	  	David Bocchi
		  	Senior Managing Director,
		  	Investment Banking

 EXHIBIT B 
 INDEMNIFICATION 
 Recognizing that transactions of the type contemplated in this engagement
sometimes result in litigation and that the role of Aegis Capital Corp. is advisory, the Company agrees to indemnify and hold harmless Aegis and its affiliates and their respective officers, directors, employees, agents and controlling persons
within the meaning of Section 15 of the Securities Act of 1933, as amended (the “Act”) or Section 20(a) of the Securities Exchange Act and against any and all loss, charge, claim, damage, expense and liability whatsoever,
including, but not limited to, all attorneys fees and expenses (hereinafter a “Claim” or “Claims”), related to or arising in any manner out of, based upon, or in connection with (i) any untrue statement or alleged untrue
statement of a material fact made by the Company or any omission or alleged omission of the Company to state a material fact required to be stated therein or necessary to make the statements therein not misleading or (ii) except as provided in
the next paragaph, any transaction, proposal or any other matter (items (i) and (ii) being hereinafter referred to as a “Matter” or “Matters”) contemplated by the engagement of Aegis hereunder, and will promptly
reimburse Aegis for all expenses (including reasonable fees and expenses of legal counsel) as incurred in connection with the investigation of, preparation for or defense of any pending or threatened Claim related to or arising in any manner out of
any Matter contemplated by the engagement of Aegis hereunder, or any action or proceeding arising there from (collectively, “Proceedings”), whether or not Aegis is a formal party to any such Proceeding. Notwithstanding the foregoing, the
Company shall not be liable in respect of any Claims that a court of competent jurisdiction has judicially determined by final judgment (and the time to appeal has expired or the last right of appeal has been denied) resulted solely from the gross
negligence or willful misconduct of an Indemnified Party. The Company further agrees that it will not, without the prior written consent of Aegis settle compromise or consent to the entry of any judgment in any pending or threatened proceeding in
respect of which indemnification may be sought hereunder (whether or not Aegis or any Indemnified Party is an actual or potential party to such Proceeding), unless such settlement, compromise or consent includes an unconditional release of Aegis
hereunder from all liability arising out of such proceeding. Notwithstanding the foregoing, the Company shall not be obligated to indemnify any amount hereunder that exceeds the direct amount of damages incurred by Aegis pursuant to this Agreement.

 Aegis agrees to indemnify and hold harmless the Company and its affiliates and their respective officers, directors, employees, agents and
controlling persons within the meaning of Section 15 of the Securities Act of 1933, as amended (the “Act”) or Section 20(a) of the Securities Exchange Act and against any and all loss, charge, claim, damage, expense and liability
whatsoever, including, but not limited to, all attorneys fees and expenses (hereinafter a “Claim” or “Claims”), related to or arising in any manner out of, based upon, or in connection with any untrue statement or alleged untrue
statement of a material fact made by Aegis or any omission or alleged omission of Aegis to state a material fact required to be stated therein or necessary to make the statements therein not misleading and will promptly reimburse the Company for all
expenses (including reasonable fees and expenses of legal counsel) as incurred in connection with the investigation of, preparation for or defense of any pending or threatened Claim related to or arising in from such misstatement, whether or not the
Company is a formal party thereto. Notwithstanding the foregoing, Aegis shall not be liable in respect of any Claims that a court of competent jurisdiction has judicially determined by final judgment (and the time to appeal has expired or the last
right of appeal has been denied) resulted solely from the gross negligence or willful misconduct of the Company. 
 In order to provide for just
and equitable contribution in any case in which (i) either the Company or Aegis (collectively referred to as an “Indemnified Party”) is entitled to indemnification pursuant to this Engagement Agreement but it is judicially determined
by the entry of a final judgment decree by a court 

 
of competent jurisdiction (and the time to appeal has expired or the last right of appeal has been denied) that such indemnification may not be enforced in such case, or (ii) contribution
may be required by the Company or Aegis in circumstances for which an Indemnified Party is otherwise entitled to indemnification under the Agreement, then, and in each such case, the Company or Aegis shall contribute to the aggregate losses, Claims,
damages and/or liabilities in an amount equal to the amount for which indemnification was held unavailable. Notwithstanding the foregoing, Aegis shall not be obligated to contribute any amount hereunder that exceeds the amount of fees previously
received by Aegis pursuant to this Agreement. In no event shall an Indemnified Party be entitled to receive consequential or punitive damages resulting from a breach or violation of this Agreement. 

As provided above, the Company and Aegis agree that no Indemnifying Party shall have any liability (whether direct or indirect, in contract or tort or
otherwise) to the Company and Aegis for or in connection with Aegis’ engagement hereunder for Claims that a court of competent jurisdiction shall have determined by final judgment (and the time to appeal has expired or the last right of appeal
has been denied) resulted solely from the gross negligence or willful misconduct of such Indemnified Party. The indemnity, reimbursement and contribution obligations of the Company and Aegis set forth herein shall be in addition to any liability
which the Company or Aegis may otherwise have an shall be binding upon and inure to the benefit of any successors, assigns, heirs and personal representatives of the parties hereto and the additional Indemnified Parties. 

The indemnity, reimbursement and contribution provisions set forth herein shall remain operative and full force and effect regardless of (i) any
withdrawal, termination or consummation of or failure to initiate or consummate any Matter referred to herein, (ii) any investigation made by or on behalf of any party hereto or any person controlling (within the meaning of Section 15 of
the Securities act of 1933 as amended, or Section 20 of the Securities Exchange Act of 1934, as amended) any party hereto, (iii) any termination or the completion or expiration of this Engagement Agreement with Aegis and (iv) whether
or not Aegis shall, or shall not be called upon to, render any formal or informal advice in the course of such engagement. 
 Unless otherwise
defined, capitalized terms used herein shall have the meaning ascribed to them in the Engagement Agreement. 

 EXHIBIT C 
 JURISDICTION 
 Each of the Company and Aegis hereby irrevocably; (a) submits to the
jurisdiction of any court of the State of New York or any federal court sitting in the State of New York for the purposes of any suit, action or other proceeding arising out of the Agreement between the Company and Aegis which is brought by or
against either party; (b) agrees that all claims in respect of any suit, action or proceeding may be heard and determined in any such court; and (c) to the extent that the Company or Aegis has acquired, or hereafter may acquire, any
immunity from jurisdiction of any such court or from any legal process therein, each of them hereby waives, to the fullest extent permitted by law, such immunity. 
 Each of Aegis and the Company hereby waives, and the Company agrees not to assert in any such suit, action or proceeding, in each case, to the fullest extent permitted by applicable law, any claim that:
(a) the Company is not personally subject to the jurisdiction of any such court; (b) it is immune from any legal process (whether through service or notice, attachment prior to judgment, attachment in the aid of execution, execution or
otherwise) with respect to it or its property; (c) any such suit, action or proceeding is brought in an inconvenient forum; (d) the venue of any such suit, action or proceeding is improper; or (e) this Agreement may not be enforced in
or by any such court. 
 Nothing in these provisions shall affect any party’s right to serve process in any manner permitted by law or
limit its rights to bring a proceeding in the competent courts of any jurisdiction or jurisdictions or to enforce any lawful manner a judgment obtained in one jurisdiction in any other jurisdiction.Form of Subscription Agreement

 Exhibit 4.1 
 PUBLIC OFFERING SUBSCRIPTION AGREEMENT 
 PERFECT STING RACING CORPORATION

 FOR MORE INFORMATION ON THE OFFERING, PLEASE SEE SCHEDULE A BEGINNING ON PAGE 3. FOR A COMPLETE DESCRIPTION OF THE PUBLIC OFFERING AND
INFORMATION REGARDING INVESTMENT RISKS, YOU ARE URGED TO READ THE PROSPECTUS. 
 PLEASE READ THE INSTRUCTIONS ON SCHEDULE B BEGINNING ON
PAGE 4 CAREFULLY ON HOW TO FILL IN AND COMPLETE THIS PUBLIC OFFERING SUBSCRIPTION AGREEMENT AND ALL OF THE SCHEDULES ATTACHED HERETO. INCOMPLETE SUBSCRIPTION AGREEMENTS WILL BE REJECTED. 

 
  

The undersigned subscribes for and agrees to purchase shares of common stock of Perfect Sting Racing Corporation (the “Company”)
pursuant to the offering (the “Public Offering”) described in, and upon the terms and conditions set forth in, the prospectus dated April     , 2012, as amended or supplemented through the closing of the Public Offering
(the “Prospectus”), as follows. 
  

					
	 Number of Shares

You Wish to Purchase
	  	 Price Per Share
	  	 Total Purchase Price

	                    	  	 × $10.00
 ($11.00 per share if paying by debit card)
	  	= $            

 The shares purchased will be registered in my/our name only, as holder of record, and a receipt
will be delivered to me/us as soon as practicable after the closing of the Public Offering. The receipt will be delivered to me/us at the address set forth below. I/we have given my/our Social Security or Tax Identification number and current
telephone numbers below. PLEASE PRINT THE FOLLOWING INFORMATION LEGIBLY AND SIGN THIS SUBSCRIPTION AGREEMENT WHERE INDICATED ON THE NEXT PAGE OR YOUR SUBSCRIPTION WILL NOT BE ACCEPTED. 

 

											
	  
	 		 	  
	 	
	Name(s)	 		 		 	Social Security or Tax Identification number	 	
	  
	 		 		 	
	Street Address	 		 	Daytime Phone:	 	  
	 	
	  
	 		 		 		 	
	City                     State     
                Zip Code	 		 	Evening Phone:	 	  
	 	

 If paying by debit card, complete the following: 
 Charge my:          ̈  Visa          ̈  MasterCard          ̈  Discover 

 

					
	  
	    	  
	  	
	Name on Card	    	  Exp. Date	  	
	  
	    	  
	  	
	Debit Card Number	    	  Security Code	  	

 The undersigned understands that the shares are being offered in reliance on the undersigned’s representations on
Schedule C beginning on page 5 herein, and that the Company will rely on such representations in accepting any subscriptions for the shares. The undersigned agrees to indemnify and hold harmless the Company against any damage, loss, expense or cost,
including reasonable attorneys’ fees, sustained as a result of any misstatement or omission on the undersigned’s part. 

SUBSTITUTE W-9 
  ̈ Check this box if the following statement is true: I/we am/are not subject to back-up withholding either (1) because I/we am/are exempt from back-up withholding, (2) I/we have not been
notified that I/we am/are subject to back-up withholding as a result of a failure to report all interest or dividends, or (3) the Internal Revenue Service has notified me/us that I/we am/are no longer subject to back-up withholding. Under the
penalties of perjury, I/we certify that the information contained herein, including the Social Security number or taxpayer identification number given above, is true, correct and complete. 

  
 1 

 ACKNOWLEDGEMENT 

THIS SUBSCRIPTION AGREEMENT IS NOT VALID UNLESS SIGNED. 

 

									
	  
	 		 	  

	Signature of Subscriber	 	Date        	 		 	Signature of Subscriber	 	Date        

 

			
	Title:	 	  

	(If subscribing as custodian, trustee, corporate officer, etc.)

  
 2 

 SCHEDULE A 

INFORMATION REGARDING THE PUBLIC OFFERING 
 FOR A COMPLETE DESCRIPTION OF THE PUBLIC OFFERING AND INFORMATION REGARDING INVESTMENT RISKS, YOU ARE URGED TO READ THE PROSPECTUS. 

This agreement, together with all schedules (the “Subscription Agreement”), is part of our registration
statement dated April     , 2012, and is to be used to purchase shares of our common stock in the Public Offering. In the Public Offering, we are offering 405,000 shares, $.001 par value, at $10.00 per share on a best
efforts, all or none basis. 
 If you wish to take part in the Public Offering, you must complete the Subscription Agreement.
You will be asked to tell us, among other things, how many shares you would like to purchase. PLEASE READ THE INSTRUCTIONS CAREFULLY ON HOW TO FILL IN AND COMPLETE THIS PUBLIC OFFERING SUBSCRIPTION AGREEMENT. INCOMPLETE SUBSCRIPTION AGREEMENTS
WILL BE REJECTED. 
 All of the shares being offered in the Public Offering are required to be sold for there to be a
closing of the Public Offering. We reserve the right to reject any subscriptions, in whole or in part, for any reason, in our sole discretion. 
 The Purchase Price for the shares may be paid for by check, money order, wire transfer, cash or debit card. Purchases made by debit card are subject to a $1,000 maximum (100 shares). 

Purchases made by debit card are subject to a $3.50 per transaction surcharge for convenience purposes. If your subscription is not
accepted for any reason, or if the offering does not close, you will not receive a return of the $3.50 per transaction surcharge paid, and you will lose the extra $3.50 per transaction that you paid. 

WE MUST RECEIVE PROPERLY COMPLETED SUBSCRIPTION AGREEMENTS NO LATER THAN
            , 2012 (THE “EXPIRATION DATE”), UNLESS EXTENDED. 
 TO SUBSCRIBE FOR STOCK, COMPLETE AND SIGN THE SUBSCRIPTION AGREEMENT AND RETURN IT WITH PAYMENT TO THE COMPANY AT: 
 901 S. Federal Highway 
 Hallandale Beach, FL 33009 

Attention: Samira Sharmouj 
 CHECKS MUST BE MADE PAYABLE TO 
 AMERICAN STOCK TRANSFER & TRUST
COMPANY, LLC, AS ESCROW AGENT 

  
 3 

 SCHEDULE B 

INSTRUCTIONS ON COMPLETING THIS PUBLIC OFFERING SUBSCRIPTION AGREEMENT 

 

	1.	You may only subscribe if you are a resident of one of the following states: California, Florida, Illinois, Kentucky, Maryland, Michigan, New Jersey, New York, Ohio,
Pennsylvania or Texas. You must submit proof of residency by attaching a legible copy of your driver’s license, passport or other government-issued photo identification. If the shares are to be issued in more than one name, both persons
must supply a copy of their driver’s license, US passport or other government-issued photo identification. 

PLEASE NOTE THE SPECIAL SUITABILITY REQUIREMENTS FOR RESIDENTS OF CALIFORNIA AND PENNSYLVANIA. 

 

	2.	YOU MUST COMPLETE ALL INFORMATION REQUESTED, including your current address, telephone number and social security number. Please print or type all information.
Illegible documentation will be returned. 

  

	3.	You must complete the attached IRS Substitute Form W-9. 

  

	4.	If paying by debit card, note the added convenience charge. 

  

	5.	If you are paying by check or money order, please make the check or money order payable to “American Stock Transfer & Trust Company, LLC, as escrow
agent” in the amount of the Total Purchase Price for the shares. If you are paying by ACH, please use the following wire transfer instructions: __________________________________________________________________ 

 
  

 

	6.	Your subscription is subject to acceptance by the Company in its sole discretion and shall remain irrevocable until the closing date of the offering. If you
subscription is accepted, the shares subscribed for will be issued at closing, provided the conditions of closing are satisfied (i.e. all of the shares in the Public Offering are subscribed for). If your subscription is not accepted for any reason,
or if the offering does not close, your subscription amount will be returned to you promptly without interest or deduction (provided that the nonrefundable convenience fee, if you are paying by debit card, will not be returned).

  

	7.	Please sign where indicated. If the shares are to be registered in more than one name, both persons must sign. 

 

	8.	A copy of your driver’s license, US passport or other government-issued photo identification must be returned with the subscription agreement.

  

	9.	FOR ASSISTANCE CALL              AND ASK TO SPEAK TO
             ABOUT THE PERFECT STING PUBLIC OFFERING. 

  
 4 

 SCHEDULE C 

REPRESENTATIONS AND AGREEMENTS 
 By signing the Subscription Agreement, you (the “subscriber”) are representing to Perfect Sting Racing Corporation the following information: 

 

	 	1.	THE SUBSCRIBER IS AT LEAST EIGHTEEN (18) YEARS OF AGE AND IS A VALID RESIDENT OF THE STATE INDICATED ON PAGE 1 OF THIS SUBSCRIPTION AGREEMENT. The subscriber is
under no legal disability nor is the subscriber subject to any order, which would prevent or interfere with the subscriber’s execution, delivery and performance of this Subscription Agreement or the purchase of the shares by the subscriber.

  

	 	2.	THE AMOUNT OF THE INVESTMENT BY THE SUBSCRIBER (THE TOTAL PURCHASE PRICE BEING PAID BY THE SUBSCRIBER) DOES NOT EXCEED TEN PERCENT (10%) OF THE SUBSCRIBER’S
LIQUID NET WORTH (EXCLUSIVE OF PRINCIPAL RESIDENCE). 

  

	 	3.	FOR PENNSYLVANIA RESIDENTS ONLY: THE SUBSCRIBER AGREES AND ACKNOWLEDGES THAT THE SUBSCRIBER SATISFIES THE FOLLOWING ADDITIONAL SUITABILITY CONDITIONS TO ACQUIRE
THE SHARES: 

  

	 	a.	The subscriber has (1) a minimum annual gross income of $70,000 and a minimum net worth of $70,000, exclusive of automobile, home, and home furnishings; or
(2) a minimum net worth of $250,000, exclusive of automobile, home, and home furnishings, plus estimated gross income of $65,000 during the current tax year, and in addition, in either case, that their investment does not exceed 10% of their
net worth. 

 FOR CALIFORNIA RESIDENTS ONLY: THE SUBSCRIBER AGREES AND ACKNOWLEDGES THAT THE SUBSCRIBER SATISFIES
THE FOLLOWING ADDITIONAL SUITABILITY CONDITIONS TO ACQUIRE THE SHARES: 
  

	 	a.	The subscriber has (1) a minimum liquid net worth of $250,000, exclusive of home, home furnishings and automobile, plus estimated $65,000 gross income during the
current tax year; or (2) a minimum liquid net worth of $500,000, exclusive of home, home furnishings and automobile, and in addition, in either case, that their investment does not exceed 10% of their net worth. 

PLEASE CONFIRM IF YOU ARE A CALIFORNIA OR PENNSYLVANIA SUBSCRIBER THAT YOU SATISFY THE FORGOING ADDITIONAL SUITABILITY REQUIREMENTS, AS
APPLICABLE, BY CHECKING THE BOX AND INITIALING BELOW 
 ADDITIONAL SUITABILITY SATISFIED     ̈  YES     ̈  No 
  

	 	4.	The subscriber has received and read the Prospectus. 

  

	 	5.	The subscriber understands that the shares are being offered in reliance on the subscriber’s representations herein, and that we will rely on such representations
in accepting any subscriptions for the shares, and that we may, but shall not be obligated to, take such steps as we consider reasonable to verify the accuracy and truthfulness of such representations in advance of accepting or rejecting
subscriptions. The subscriber agrees to indemnify and hold harmless the Company against any damage, loss, expense or cost, including reasonable attorneys’ fees, sustained as a result of any misstatement or omission on the subscriber’s
part. 

  

	 	6.	This Subscription Agreement cannot be revoked by the subscriber and it is an irrevocable agreement binding on the subscriber, and on the subscriber’s heirs,
estate, legal representatives, assigns and successors, and shall survive the subscriber’s death, disability or dissolution. Perfect Sting Racing Corporation, however, may reject the agreement prior to the subscriber’s acceptance of the
same. 

  

	 	7.	The subscriber understands that the subscriber may not sell, transfer or assign this Subscription Agreement, or any interest or rights herein.

  

	 	8.	The subscriber understands and agrees that the subscriber may not transfer any shares purchased hereunder or any interest therein (including by depositing any such
shares in a brokerage account) unless it provides advance written notice to the Company at 901 S. Federal Highway, Hallandale Beach, FL 33099. 

  

	 	9.	 If this Subscription Agreement is executed on behalf of a corporation, partnership, trust or other entity, the subscriber has/have been duly authorized
to execute this Subscription 

  
 5 

	 	
Agreement and all other instruments in connection with the purchase of the shares, and the signature(s) of the subscriber is/are binding upon such corporation, partnership, trust or other entity.
The subscriber must return appropriate certification of such authorization. 

  

	 	10.	The provisions of this Subscription Agreement shall be construed and enforced according to the laws of Delaware. In the event there is any conflict between this
Subscription Agreement and the Prospectus, the terms set forth in the Prospectus shall be controlling. Perfect Sting Racing Corporation reserves the right, in our sole discretion, to require completion or correction of any Subscription Agreement. We
are not obligated to notify any subscriber of any defect in any Subscription Agreement and may accept or reject any Subscription Agreement in whole or in part for any reason or no reason. 

 

	 	11.	This Subscription Agreement constitutes the entire agreement between the parties hereto with respect to the purchase of shares of our common stock in the Public
Offering and may be amended only in writing by the parties to be bound thereby. 

  
 6

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