Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Stockgroup Information Systems, Inc. - Exhibit 10.1

 

STOCKGROUP INFORMATION SYSTEMS, INC. 

SERIES A CONVERTIBLE PREFERRED 

STOCK PURCHASE AGREEMENT 

APRIL 30, 2008 

 

TABLE OF CONTENTS 

	1 	PURCHASE AND SALE OF STOCK 	1 
	  	1.1 	Sale and Issuance of Series A Convertible Preferred Stock
      	1 
	  	1.2 	Closing 	1 
	  	  	  	  
	2 	REPRESENTATIONS AND WARRANTIES OF THE COMPANY.
      	1 
	  	2.1 	Organization, Good Standing and Qualification 	1 
	  	2.2 	Capitalization and Voting Rights 	2 
	  	2.3 	Subsidiaries 	2 
	  	2.4 	Authorization 	2 
	  	2.5 	Valid Issuance of Preferred and Common Stock 	3 
	  	2.6 	Governmental Consents 	3 
	  	2.7 	Offering 	3 
	  	2.8 	Compliance with Other Instruments 	3 
	  	2.9 	Financial Statements 	4 
	  	2.10 	Changes 	4 
	  	  	  	  
	3 	REPRESENTATIONS AND WARRANTIES OF THE INVESTORS
      	5 
	  	3.1 	Authorization 	5 
	  	3.2 	Purchase Entirely for Own Account 	5 
	  	3.3 	Disclosure of Information 	5 
	  	3.4 	Investment Experience 	5 
	  	3.5 	Accredited Investor 	6 
	  	3.6 	Restricted Securities 	6 
	  	3.7 	Further Limitations on Disposition 	6 
	  	3.8 	Legends 	6 
	  	3.9 	Further Representations by Foreign Investors 	6 
	  	3.10 	Tax Advisors 	7 
	  	3.11 	Investor Counsel 	7 
	  	  	  	  
	4 	CONDITIONS OF INVESTOR'S OBLIGATIONS AT CLOSING
      	7 
	  	4.1 	Representations and Warranties 	7 
	  	4.2 	Performance 	7 
	  	4.3 	Qualifications 	7 
	  	4.4 	Proceedings and Documents 	8 
	  	  	  	  
	5 	CONDITIONS OF THE COMPANY'S OBLIGATIONS AT CLOSING
      	8 
	  	5.1 	Representations and Warranties 	8 
	  	5.2 	Payment of Purchase Price 	8 
	  	5.3 	Qualifications 	8 
	  	  	  	  
	6 	MISCELLANEOUS 	8 
	  	6.1 	Voting Rights 	8 
	  	6.2 	Survival of Warranties 	8 
	  	6.3 	Successors and Assigns 	9 
	  	6.4 	Governing Law 	9 
	  	6.5 	Counterparts 	9 

- ii - 

	 	6.6
      	Titles and Subtitles 	9
      
	 	6.7
      	Notices 	9
      
	 	6.8
      	Finder's Fee 	9
      
	 	6.9
      	Expenses 	10
      
	 	6.10
      	Amendments and Waivers 	10
      
	 	6.11
      	Severability 	10
      
	 	6.12
      	Entire Agreement 	10
      

	SCHEDULE
      A 	-	Schedule
      of Investors 
	SCHEDULE
      B 	-	Certificate
      of Designation, Preferences, and Rights of Series A Convertible Preferred
      Stock 
	SCHEDULE
      C 	-	Corporate
      Placee Registration Form 
	SCHEDULE
      D 	-	US
      Accredited Investor Certificate 

STOCK PURCHASE AGREEMENT 

THIS STOCK PURCHASE AGREEMENT is made as of the 30th day of
April, 2008, by and among Stockgroup Information Systems, Inc., a Colorado
corporation (the "Company"), and the investors listed on Schedule A hereto,
(each of which is herein referred to as an "Investor"). 

THE PARTIES HEREBY AGREE AS FOLLOWS: 

	1 	
      Purchase and Sale of Stock

	 	 	 
	1.1 	
      Sale and Issuance of Series A Convertible Preferred
      Stock

	 	 	 
		(a) 	
      The Company shall adopt and file with the Secretary of
      State of Colorado on or before the Closing (as defined below) the
      Certificate of Designation, Preferences and Rights of Series A Convertible
      Preferred Stock in the form attached hereto as Schedule B (the
      "Certificate").

	 	 	 
		(b) 	
      Subject to the terms and conditions of this Agreement,
      each Investor agrees, severally, to purchase at the Closing and the
      Company agrees to sell and issue to each Investor at the Closing, that
      number of shares of the Company's Series A Convertible Preferred Stock set
      forth opposite each Investor's name on Schedule A hereto for the purchase
      price set forth thereon it being understood that each Investor must
      subscribe for and purchase a minimum of two hundred and fifty (250) shares
      of Series A Convertible Preferred Stock.

	 	 	 
	1.2 	
      Closing

	 	 	 
		
      The purchase and sale of the Series A Convertible
      Preferred Stock shall take place at the offices of Clark Wilson LLP, at
      Suite 800, 885 West Georgia Street, Vancouver, British Columbia, V6C 3H1,
      at such time and place as the Company and Investors acquiring in the
      aggregate more than half the shares of Series A Convertible Preferred
      Stock sold pursuant hereto mutually agree upon orally or in writing (which
      time and place are designated as the "Closing"). At the Closing the
      Company shall deliver to each Investor a certificate representing the
      Series A Convertible Preferred Stock that such Investor is purchasing
      against payment of the purchase price therefor by certified cheque or wire
      transfer.

	 	 	 
	2 	
      Representations and Warranties of the
      Company.

	 	 	 
		
      The Company hereby represents and warrants to each
      Investor, except as otherwise disclosed to such Investor or except as
      otherwise publicly disclosed, that:

	 	 	 
	2.1 	
      Organization, Good Standing and
    Qualification

	 	 	 
		
      The Company is a corporation duly organized, validly
      existing and in good standing under the laws of the State of Colorado and
      all Canadian provinces in which the Company conducts its business and has
      all requisite corporate power and authority to carry on its business as
      now conducted and as proposed to be conducted. The Company is duly
      qualified to transact business and is in good standing in each
      jurisdiction in which the failure to so qualify would have a material
      adverse effect on its business or properties.

- 2 - 

	2.2 	
      Capitalization and Voting Rights

	 	 	 	 
		
      The authorized capital of the Company consists, or will
      consist immediately prior to the Closing, of:

	 	 	 	 
		(a) 	
      Preferred Stock. Five million (5,000,000) shares
      of Preferred Stock (the "Preferred Stock"), of which three thousand
      (3,000) shares have been designated Series A Convertible Preferred Stock
      (the "Series A Preferred Stock") and up to all of which will be sold
      pursuant to this Agreement. The rights, privileges and preferences of the
      Series A Preferred Stock will be as stated in the Certificate.

	 	 	 	 
		(b) 	
      Common Stock. Seventy-Five million (75,000,000)
      shares of common stock ("Common Stock"), of which 41,395,922 shares are
      issued and outstanding.

	 	 	 	 
		(c) 	
      Except for:

	 	 	 	 
			
      (i) 
	
      the conversion privileges of the Series A Preferred Stock
      to be issued under this Agreement;

	 	 	 	 
			
      (ii) 
	
      currently outstanding warrants to purchase shares of
      Common Stock issued pursuant to private placement transactions completed
      by the Company; and

	 	 	 	 
			
      (iii) 
	
      currently outstanding options to purchase shares of
      Common Stock granted to employees pursuant to the 1999, 2000, 2001, 2002,
      2003 and 2007 Stock Option Plans (the "Option Plans"),

	 	 	 	 
			
      there are not outstanding any options, warrants, rights
      (including conversion or pre- emptive rights) or agreements for the
      purchase or acquisition from the Company of any shares of its capital
      stock. In addition to the aforementioned options, the Company has reserved
      an additional 2,931,775 shares of its Common Stock for purchase upon
      exercise of options to be granted in the future under the Option Plans.
      The Company is not a party or subject to any agreement or understanding,
      and, to the best of the Company's knowledge, there is no agreement or
      understanding between any persons and/or entities, which affects or
      relates to the voting or giving of written consents with respect to any
      security or by a director of the Company.

	 	 	 	 
	2.3 	
      Subsidiaries

	 	 	 	 
		
      Except as is otherwise publicly disclosed, the Company
      does not presently own or control, directly or indirectly, any interest in
      any other corporation, association, or other business entity. The Company
      is not a participant in any joint venture, partnership, or similar
      arrangement.

	 	 	 	 
	2.4 	
      Authorization

	 	 	 	 
		
      All corporate action on the part of the Company, its
      officers, directors and stockholders necessary for the authorization,
      execution and delivery of this Agreement, the performance of all
      obligations of the Company hereunder, and the authorization, issuance (or
      reservation for issuance), sale and delivery of the Series A Preferred
      Stock being sold hereunder and the Common Stock issuable upon conversion
      of the Series A Preferred Stock has been taken or will be taken prior to
      the Closing, and this Agreement constitutes a valid and legally binding
      obligation of the Company, enforceable in accordance with its terms;
      except

- 3 - 

	 	(a) 	
      as limited by applicable bankruptcy, insolvency,
      reorganization, moratorium, and other laws of general application
      affecting enforcement of creditors' rights generally;

	 	 	 
	 	(b) 	
      as limited by laws relating to the availability of
      specific performance, injunctive relief, or other equitable remedies;
      and

	 	 	 
	 	(c) 	
      to the extent the indemnification provisions contained in
      the Investors' Rights Agreement may be limited by applicable federal or
      state securities laws.

	2.5 	
      Valid Issuance of Preferred and Common
  Stock

	 	 
		
      The Series A Preferred Stock that is being purchased by
      the Investors hereunder, when issued, sold and delivered in accordance
      with the terms of this Agreement for the consideration expressed herein,
      will be duly and validly issued, fully paid, and non-assessable, and will
      be free of restrictions on transfer other than restrictions on transfer
      under this Agreement and under applicable state and federal securities
      laws. The Common Stock issuable upon conversion of the Series A Preferred
      Stock purchased under this Agreement has been duly and validly reserved
      for issuance and, upon issuance in accordance with the terms of the
      Certificate, will be duly and validly issued, fully paid, and
      non-assessable and will be free of restrictions on transfer other than
      restrictions on transfer under this Agreement and under applicable state
      and federal securities laws.

	 	 
	2.6 	
      Governmental Consents

	 	 
		
      No consent, approval, order or authorization of, or
      registration, qualification, designation, declaration or filing with, any
      federal, state or local governmental authority on the part of the Company
      is required in connection with the consummation of the transactions
      contemplated by this Agreement.

	 	 
	2.7 	
      Offering

	 	 
		
      Subject in part to the truth and accuracy of each
      Investor's representations set forth in Section 3 of this Agreement, the
      offer, sale and issuance of the Series A Preferred Stock as contemplated
      by this Agreement are exempt from the registration requirements of the
      Act, and neither the Company nor any authorized agent acting on its behalf
      shall take any action hereafter that would cause the loss of such
      exemption.

	 	 
	2.8 	
      Compliance with Other Instruments

	 	 
		
      The Company is not in violation or default in any
      material respect of any provision of its Articles of Incorporation or
      Bylaws, or in any material respect of any instrument, judgment, order,
      writ, decree or contract to which it is a party or by which it is bound,
      or, to the best of its knowledge, of any provision of any federal or state
      statute, rule or regulation applicable to the Company. The execution,
      delivery and performance of this Agreement, and the consummation of the
      transactions contemplated hereby will not result in any such violation or
      be in conflict with or constitute, with or without the passage of time and
      giving of notice, either a default under any such provision, instrument,
      judgment, order, writ, decree or contract or an event that results in the
      creation of any lien, charge or encumbrance upon any assets of the Company
      or the suspension, revocation, impairment, forfeiture, or non-renewal of
      any material permit, license, authorization, or approval applicable to the
      Company, its business or operations or any of its assets or
    properties.

- 4 - 

	2.9 	
      Financial Statements

	 	 	 
		
      The Company has delivered, or otherwise made available,
      to each Investor its audited financial statements (balance sheet,
      statement of operations, statement of shareholders' equity and statement
      of cash flows, including notes thereto) at December 31, 2007 and for the
      fiscal year then ended (the "Financial Statements"). The Financial
      Statements have been prepared in accordance with generally accepted
      accounting principles applied on a consistent basis throughout the periods
      indicated. The Financial Statements fairly present the financial condition
      and operating results of the Company as of the dates, and for the periods,
      indicated therein. Except as set forth in the Financial Statements, the
      Company has no material liabilities, contingent or otherwise, other than
      (i) liabilities incurred in the ordinary course of business subsequent to
      December 31, 2007 and (ii) obligations under contracts and commitments
      incurred in the ordinary course of business and not required under
      generally accepted accounting principles to be reflected in the Financial
      Statements, which, in both cases, individually or in the aggregate, are
      not material to the financial condition or operating results of the
      Company. Except as disclosed in the Financial Statements, the Company is
      not a guarantor or indemnitor of any indebtedness of any other person,
      firm or corporation. The Company maintains and will continue to maintain a
      standard system of accounting established and administered in accordance
      with generally accepted accounting principles.

	 	 	 
	2.10 	
      Changes

	 	 	 
		
      Except as publicly disclosed, since December 31, 2007
      there has not been:

	 	 	 
		(a) 	
      any change in the assets, liabilities, financial
      condition or operating results of the Company from that reflected in the
      Financial Statements, except changes in the ordinary course of business
      that have not been, in the aggregate, materially adverse;

	 	 	 
		(b) 	
      any damage, destruction or loss, whether or not covered
      by insurance, materially and adversely affecting the assets, properties,
      financial condition, operating results, prospects or business of the
      Company (as such business is presently conducted and as it is proposed to
      be conducted);

	 	 	 
		(c) 	
      any waiver by the Company of a valuable right or of a
      material debt owed to it;

	 	 	 
		(d) 	
      any satisfaction or discharge of any lien, claim or
      encumbrance or payment of any obligation by the Company, except in the
      ordinary course of business and that is not material to the assets,
      properties, financial condition, operating results or business of the
      Company (as such business is presently conducted and as it is proposed to
      be conducted);

	 	 	 
		(e) 	
      any material change or amendment to a material contract
      or arrangement by which the Company or any of its assets or properties is
      bound or subject;

	 	 	 
		(f) 	
      any material change in any compensation arrangement or
      agreement with any employee;

	 	 	 
		(g) 	
      any sale, assignment or transfer of any patents,
      trademarks, copyrights, trade secrets or other intangible
assets;

	 	 	 
		(h) 	
      any resignation or termination of employment of any key
      officer of the Company; and the Company, to the best of its knowledge,
      does not know of the impending resignation or termination of employment of
      any such officer;

- 5 - 

	 	(i) 	
      any mortgage, pledge, transfer of a security interest in,
      or lien, created by the Company, with respect to any of its material
      properties or assets, except liens for taxes not yet due or
  payable;

	 	 	 
	 	(j) 	
      any loans or guarantees made by the Company to or for the
      benefit of its employees, officers or directors, or any members of their
      immediate families, other than travel advances and other advances made in
      the ordinary course of its business; or

	 	 	 
	 	(k) 	
      to the best of the Company's knowledge, any other event
      or condition of any character that might materially and adversely affect
      the assets, properties, financial condition, operating results or business
      of the Company (as such business is presently conducted and as it is
      proposed to be conducted).

	3 	
      Representations and Warranties of the
      Investors

	 	 
		
      Each Investor hereby represents and warrants
  that:

	 	 
	3.1 	
      Authorization

	 	 
		
      Such Investor has full power and authority to enter into
      this Agreement, and such Agreement constitutes a valid and legally binding
      obligation, enforceable in accordance with its terms and if the Investor
      is a corporation it has duly completed and executed the Corporate Placee
      Registration Form attached hereto as Schedule C.

	 	 
	3.2 	
      Purchase Entirely for Own Account

	 	 
		
      This Agreement is made with such Investor in reliance
      upon such Investor's representation to the Company, which by such
      Investor's execution of this Agreement such Investor hereby confirms, that
      the Series A Preferred Stock to be received by such Investor and the
      Common Stock issuable upon conversion thereof (collectively, the
      "Securities") will be acquired for investment only for such Investor's own
      account as principal, not as a nominee or agent, and not with a view to
      the resale or distribution of any part thereof, and that such Investor has
      no present intention of selling, granting any participation in, or
      otherwise distributing the same. By executing this Agreement, such
      Investor further represents that such Investor does not have any contract,
      undertaking, agreement or arrangement with any person to sell, transfer or
      grant participation's to such person or to any third person, with respect
      to any of the Securities and that the Investor, if not an individual, was
      not created or used solely to purchase or hold the Series A Preferred
      Stock in reliance on certain exemptions from the registration and
      prospectus requirements.

	 	 
	3.3 	
      Disclosure of Information

	 	 
		
      Such Investor believes it has received all the
      information it considers necessary or appropriate for deciding whether to
      purchase the Series A Preferred Stock. Such Investor further represents
      that it has had an opportunity to ask questions and receive answers from
      the Company regarding the terms and conditions of the offering of the
      Series A Preferred Stock and the business, properties, prospects and
      financial condition of the Company.

	 	 
	3.4 	
      Investment Experience

	 	 
		
      Such Investor is an investor in securities of companies
      in the development stage and acknowledges that it is able to fend for
      itself, can bear the economic risk of its investment,
and

- 6 - 

		
      has such knowledge and experience in financial or
      business matters that it is capable of evaluating the merits and risks of
      the investment in the Series A Preferred Stock. If other than an
      individual, Investor also represents it has not been organized for the
      purpose of acquiring the Series A Preferred Stock.

	 	 	 
	3.5 	
      Accredited Investor

	 	 	 
		
      Such Investor, if a resident of the United States, is an
      "accredited investor" within the meaning of Securities and Exchange
      Commission ("SEC") Rule 501 of Regulation D, as presently in effect and
      has duly completed and executed the U.S. Accredited Investor Certificate
      attached hereto as Schedule D.

	 	 	 
	3.6 	
      Restricted Securities

	 	 	 
		
      Such Investor understands that the Securities it is
      purchasing are characterized as "restricted securities" under the federal
      securities laws inasmuch as they are being acquired from the Company in a
      transaction not involving a public offering and that under such laws and
      applicable regulations such securities may be resold without registration
      under the Act, only in certain limited circumstances. In this connection,
      such Investor, if a resident of the United States, represents that it is
      familiar with Rule 144, as presently in effect, and understands the resale
      limitations imposed thereby and by the Act and, if a resident of Canada,
      represents that it is familiar with National Instrument 45-102 of the
      Canadian Securities Administrators.

	 	 	 
	3.7 	
      Further Limitations on Disposition

	 	 	 
		
      Without in any way limiting the representations set forth
      above, such Investor further agrees not to make any disposition of all or
      any portion of the Securities unless and until the transferee has notified
      the Company of the proposed disposition and shall have furnished the
      Company with a detailed statement of the circumstances surrounding the
      proposed disposition and, if reasonably requested by the Company, such
      Investor shall have furnished the Company with an opinion of counsel,
      reasonably satisfactory to the Company that such disposition, if in the
      United States, will not require registration of such shares under the Act
      or, if in Canada, will be in compliance with the relevant securities
      legislation in Canada.

	 	 	 
	3.8 	
      Legends

	 	 	 
		
      It is understood that the certificates evidencing the
      Securities may bear one or all of the following legends:

	 	 	 
		(a) 	
      "These securities have not been registered under the
      Securities Act of 1933, as amended. They may not be sold, offered
      for sale, pledged or hypothecated in the absence of a registration
      statement in effect with respect to the securities under such Act or an
      opinion of counsel satisfactory to the Company that such registration is
      not required or unless sold pursuant to Rule 144 of such Act.";
  and

	 	 	 
		(b) 	
      "Unless permitted under securities legislation, the
      holder of this security must not trade the security before [insert the
      date that is 4 months and a day after the distribution date]."

	 	 	 
	3.9 	
      Further Representations by Foreign
  Investors

	 	 	 
		
      If an Investor is not a United States person, as defined
      in the relevant securities legislation of the

- 7 - 

		
      United States, or is not a resident of Canada, such
      Investor hereby represents that he or she has satisfied himself or herself
      as to the full observance of the laws of his or her jurisdiction in
      connection with any invitation to subscribe for the Securities or any use
      of this Agreement, including (i) the legal requirements within his
      jurisdiction for the purchase of the Securities, (ii) any foreign exchange
      restrictions applicable to such purchase, (iii) any governmental or other
      consents that may need to be obtained, and (iv) the income tax and other
      tax consequences, if any, that may be relevant to the purchase, holding,
      redemption, sale, or transfer of the Securities. Such Investor's
      subscription and payment for, and his or her continued beneficial
      ownership of the Securities, will not violate any applicable securities or
      other laws of his or her jurisdiction.

	 	 
	3.10 	
      Tax Advisors

	 	 
		
      Such Investor has reviewed with such Investor's own tax
      advisors the federal, state and local tax consequences of this investment,
      where applicable, and the transactions contemplated by this Agreement.
      Each such Investor is relying solely on such advisors and not on any
      statements or representations of the Company or any of its agents and
      understands that each such Investor (and not the Company) shall be
      responsible for such Investor's own tax liability that may arise as a
      result of this investment or the transactions contemplated by this
      Agreement.

	 	 
	3.11 	
      Investor Counsel

	 	 
		
      Such Investor acknowledges that such Investor has had the
      opportunity to review this Agreement, the schedules attached hereto and
      the transactions contemplated by this Agreement with such Investor's own
      legal counsel. Each such Investor is relying solely on such Investor's
      legal counsel and not on any statements or representations of the Company
      or any of the Company's agents, including Clark Wilson LLP, for legal
      advice with respect to this investment or the transactions contemplated by
      this Agreement.

	 	 
	4 	
      Conditions of Investor's Obligations at
      Closing

	 	 
		
      The obligations of each Investor under subsection 1.1(b)
      of this Agreement are subject to the fulfillment on or before the Closing
      of each of the following conditions, the waiver of which shall not be
      effective against any Investor who does not consent in writing
    thereto:

	 	 
	4.1 	
      Representations and Warranties

	 	 
		
      The representations and warranties of the Company
      contained in Section 2 shall be true on and as of the Closing with the
      same effect as though such representations and warranties had been made on
      and as of the date of such Closing.

	 	 
	4.2 	
      Performance

	 	 
		
      The Company shall have performed and complied with all
      agreements, obligations and conditions contained in this Agreement that
      arc required to be performed or complied with by it on or before the
      Closing.

	 	 
	4.3 	
      Qualifications

	 	 
		
      All authorizations, approvals, or permits, if any, of any
      governmental authority or regulatory body of the United States or of any
      state that are required in connection with the lawful
  issuance

- 8 - 

		
      and sale of the Securities pursuant to this Agreement
      shall be duly obtained and effective as of the Closing.

	 	 
	4.4 	
      Proceedings and Documents

	 	 
		
      All corporate and other proceedings in connection with
      the transactions contemplated at the Closing and all documents incident
      thereto shall be reasonably satisfactory in form and substance to
      Investors' special counsel, and they shall have received all such
      counterpart original and certified or other copies of such documents as
      they may reasonably request.

	 	 
	5 	
      Conditions of the Company's Obligations at
      Closing

	 	 
		
      The obligations of the Company to each Investor under
      this Agreement are subject to the fulfillment on or before the Closing of
      each of the following conditions by that Investor.

	 	 
	5.1 	
      Representations and Warranties

	 	 
		
      The representations and warranties of the Investor
      contained in Section 3 shall be true on and as of the Closing with the
      same effect as though such representations and warranties had been made on
      and as of the Closing.

	 	 
	5.2 	
      Payment of Purchase Price

	 	 
		
      The Investor shall have delivered the purchase price
      specified in Section 1.2, and Investors shall collectively have acquired
      and paid for at the Closing at least two thousand (2,000) shares of Series
      A Preferred Stock hereunder.

	 	 
	5.3 	
      Qualifications

	 	 
		
      All authorizations, approvals, or permits, if any, of any
      governmental authority or regulatory body of the United States or of any
      state that are required in connection with the lawful issuance and sale of
      the Securities pursuant to this Agreement shall be duly obtained and
      effective as of the Closing.

	 	 
	6 	
      Miscellaneous

	 	 
	6.1 	
      Voting Rights

	 	 
		
      Such Investor acknowledges and agrees that such Investor,
      to the extent permitted by law, irrevocably agrees to vote, for a period
      of eighteen (18) months commencing from the date of this Agreement, any
      and all Common Stock it currently has or may subsequently acquire,
      including any Common Stock acquired upon the conversion of the Series A
      Preferred Stock, in a manner as directed by the President of the Company
      and such Investor agrees to inform any potential transferee of this
      agreement. Such Investor further acknowledges and agrees that it will
      execute and deliver any such further documentation as may be required so
      as to evidence the agreement as to voting and agrees to cause any
      transferee to execute such similar documentation.

	 	 
	6.2 	
      Survival of Warranties

	 	 
		
      The warranties, representations and covenants of the
      Company and Investors contained in or made pursuant to this Agreement
      shall survive the execution and delivery of this Agreement
  and

- 9 - 

		
      the Closing and shall in no way be affected by any
      investigation of the subject matter thereof made by or on behalf of the
      Investors or the Company.

	 	 	 
	6.3 	
      Successors and Assigns

	 	 	 
		
      Except as otherwise provided herein, the terms and
      conditions of this Agreement shall inure to the benefit of and be binding
      upon the respective successors and assigns of the parties (including
      transferees of any Securities). Nothing in this Agreement, express or
      implied, is intended to confer any rights upon any party other than the
      parties hereto.

	 	 	 
	6.4 	
      Governing Law

	 	 	 
		
      This Agreement shall be governed by and construed under
      the laws of the State of Colorado as applied to agreements among Colorado
      residents entered into and to be performed entirely within
  Colorado.

	 	 	 
	6.5 	
      Counterparts

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

	 	 	 
	6.6 	
      Titles and Subtitles

	 	 	 
		
      The titles and subtitles used in this Agreement are used
      for convenience only and are not to be considered in construing or
      interpreting this Agreement.

	 	 	 
	6.7 	
      Notices

	 	 	 
		
      Unless otherwise provided, any notice required or
      permitted under this Agreement shall be given in writing and shall be
      deemed effectively given:

	 	 	 
		(a) 	
      upon personal delivery to the party to be
  notified;

	 	 	 
		(b) 	
      when sent by confirmed telex or facsimile if sent during
      normal business hours of the recipient, if not, then on the next business
      day;

	 	 	 
		(c) 	
      five days after having been sent by registered or
      certified mail, return receipt requested, postage prepaid; or

	 	 	 
		(d) 	
      one day after deposit with a nationally recognized
      overnight courier, specifying next-day delivery, with written verification
      of receipt. All communications shall be sent to the party to be notified
      at the address indicated for such party on the signature page hereof, or
      at such other address as such party may designate by ten (10) days'
      advance written notice to the other parties.

	 	 	 
	6.8 	
      Finder's Fee

	 	 	 
		
      Each party represents that it neither is nor will be
      obligated for any finders' fee or commission in connection with this
      transaction. Each Investor agrees to indemnify and to hold harmless the
      Company from any liability for any commission or compensation in the
      nature of a finders' fee (and the costs and expenses of defending against
      such liability or asserted liability) for which such Investor or any of
      its officers, partners, employees, or representatives is
    responsible.

- 10 - 

		 The Company agrees to indemnify and hold harmless each
        Investor from any liability for any commission or compensation in the
        nature of a finders' fee (and the costs and expenses of defending against
        such liability or asserted liability) for which the Company or any of
        its officers, employees or representatives is responsible.

	 	 
	6.9 	 Expenses

	 	 
		 The Company shall pay all costs and expenses that it
        incurs in connection with the preparation, execution, delivery and performance
        of this Agreement.

	 	 
	6.10 	 Amendments and Waivers

	 	 
		 Any term of this Agreement may be amended and the observance
        of any term of this Agreement may be waived (either generally or in a
        particular instance and either retroactively or prospectively), only with
        the written consent of the Company and the holders of a majority of the
        Common Stock issued or issuable upon conversion of the Series A Preferred
        Stock. Any amendment or waiver effected in accordance with this paragraph
        shall be binding upon each holder of any securities purchased under this
        Agreement at the time outstanding (including securities into which such
        securities are convertible), each future holder of all such securities,
        and the Company.

	 	 
	6.11 	 Severability

	 	 
		 If one or more provisions of this Agreement are held
        to be unenforceable under applicable law, such provision shall be excluded
        from this Agreement and the balance of the Agreement shall be interpreted
        as if such provision were so excluded and shall be enforceable in accordance
        with its terms.

	 	 
	6.12 	 Entire Agreement

	 	 
		 This Agreement and the documents referred to herein
        constitute the entire agreement among the parties and no party shall be
        liable or bound to any other party in any manner by any warranties, representations,
        or covenants except as specifically set forth herein or therein.

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

	 	STOCKGROUP INFORMATION SYSTEMS, INC. 
	 	 	 	 
	 	By:	/s/
      Marcus New 
	 	 	Marcus New, President
	 	 	 	 
	 	INVESTOR
	 	 	 	 
	 	Name:	PEAK6 Capital Management LLC
	 	 	 	 
	 	Authorized Signatory:	/s/ Matthew Hulsizer
	 	 	 	 
	 	 	 	 Name: Matthew Hulsizer, Manageer 
	 	 	 	Title: for PEAK6 LLC 

SCHEDULE A 

SCHEDULE OF INVESTORS 

	Registration Instructions 	  
	  	  
	Name and Address 	Number of Series A Preferred
      Shares 
	PEAK6 Capital Management LLC 	3,000 
	141 W. Jackson #500 	  
	Chicago, IL 60604 	  

SCHEDULE B 

CERTIFICATE OF DESIGNATION, PREFERENCES, 
AND RIGHTS OF

SERIES A CONVERTIBLE PREFERRED STOCK 

OF 

STOCKGROUP INFORMATION SYSTEMS, INC. 

Stockgroup Information Systems, Inc., a Colorado corporation
(the "Corporation"), does hereby certify that, pursuant to authority conferred
on the Board of Directors of the Corporation by the Articles of Incorporation of
the Corporation, as amended, and pursuant to the provisions of the Colorado
Business Corporations Act, the Board of Directors adopted a resolution as of
April 28, 2008, providing for the designation, preferences and relative,
participating, optional or other rights, and qualifications, limitations or
restrictions thereof, of three thousand (3,000) shares of the Corporation's
Preferred Stock, which resolution is as follows: 

RESOLVED, that pursuant to the authority granted to and vested
in the Board of Directors of the Corporation in accordance with the provisions
of the Articles of Incorporation, as amended, of the Corporation, the Board
hereby provides for the issue of a series of Preferred Shares to be designated
Series A Convertible Preferred Stock of the Corporation (the "Series A Preferred
Stock"), consisting of three thousand (3,000) shares, and hereby fixes such
designation and number of shares, and the powers, preferences and relative,
participating, optional or other rights, and the qualifications, limitations and
restrictions thereof as set forth below, and that the officers of the
Corporation, and each acting singly, are hereby authorized, empowered and
directed to file with the Secretary of State of the State of Colorado a
Certificate of Designation, Preferences, and Rights of the Series A Convertible
Preferred Stock (the "Certificate"), as such officer or officers shall deem
necessary or advisable to carry out the purposes of this Resolution. 

A.        Series
  A Convertible Preferred Stock

The preferences, privileges and restrictions granted to or
imposed upon the Corporation's Series A Preferred Stock (the "Series A Preferred
Stock"), or the holders thereof, are as follows: 

	1. 	
      Liquidation Rights

	 	 	 	 
		(a) 	
      Treatment at Liquidation, Dissolution or
      Winding-Up

	 	 	 	 
			(i) 	
      Except as otherwise provided in Section 1(b) below, in
      the event of any liquidation, dissolution or winding up of the affairs of
      the Corporation, whether voluntary or involuntary, the holders of Series A
      Preferred Stock shall be entitled to be paid first out of the assets of
      the Corporation available for distribution to holders of the Corporation's
      capital stock of all classes, before payment or distribution of any of
      such assets to the holders of the Common Stock or any other class or
      series of the Corporation's capital stock designated to be junior to the
      Series A Preferred Stock, an amount equal to $1,000.00 per share of Series
      A Preferred Stock, which amount shall be subject to equitable adjustment
      whenever there shall occur a combination of shares, reclassification or
      other similar event with respect to Series A Preferred Stock (the
      "Liquidation Amount"), plus all

B-2 

	 		
      dividends accrued or declared but unpaid, to and
      including the date full payment shall be tendered.

	 	 	 
	 	(ii) 	
      If the assets of the Corporation shall be insufficient to
      permit the payment in full to the holders of Series A Preferred Stock of
      all amounts distributable to them under Section A1(a)(i) hereof, then the
      entire assets of the Corporation available for such distribution shall be
      distributed ratably among the holders of Series A Preferred
  Stock.

	 	(b) 	
      Distributions other than Cash

	 	 	 
	 		
      Whenever the distribution provided for in this Section 1
      shall be payable in property other than cash, the value of such
      distribution shall be the fair market value of such property as determined
      in good faith by the Board of Directors of the
  Corporation.

	2. 	
      Conversion

	 	 	 
		
      The holders of Series A Preferred Stock shall have
      conversion rights as follows (the "Conversion Rights"):

	 	 	 
		(a) 	
      Right to Convert; Conversion Price

	 	 	 
			
      Each share of Series A Preferred Stock shall be
      convertible, without the payment of any additional consideration by the
      holder thereof and at the option of the holder thereof, at any time
      commencing one hundred and eighty (180) days after the date of issuance of
      such share of Series A Preferred Stock, at the office of the Corporation
      or any transfer agent for the Series A Preferred Stock, into such number
      of fully paid and non-assessable shares of Common Stock of the Corporation
      equal to the Liquidation Amount of the Series A Preferred Stock divided by
      the conversion price of $0.4545 per share (the "Conversion
  Price").

	 	 	 
			
      Upon such conversion, the Corporation's obligation with
      respect to the payment of declared but unpaid dividends shall be deemed
      satisfied with respect to the shares of Series A Preferred Stock that are
      converted. Such Conversion Price shall be subject to adjustment, in order
      to adjust the number of shares of Common Stock into which Series A
      Preferred Stock is convertible, as hereinafter provided.

	 	 	 
		(b) 	
      Mechanics of Conversion

	 	 	 
			
      Before, any holder of Series A Preferred Stock shall be
      entitled to convert the same into full shares of Common Stock, such holder
      shall surrender the certificate or certificates therefor, duly endorsed,
      at the office of the Corporation or of any transfer agent for the Series A
      Preferred Stock, and shall give written notice to the Corporation at such
      office that such holder elects to convert the same and shall state therein
      the name of such holder or the name or names of the nominees of such
      holder in which such holder wishes the certificate or certificates for
      shares of Common Stock to be issued. No fractional shares of Common Stock
      shall be issued upon conversion of any shares of Series A Preferred Stock
      and any such fraction will be rounded down to the nearest whole number.
      The Corporation shall, as soon as practicable thereafter, issue and
      deliver at such office to such holder of Series A Preferred Stock, or to
      such holder's nominee or nominees, a certificate or certificates for the
      number of shares of Common Stock to which such holder shall be entitled as
      aforesaid.

B-3 

	 		
      Such conversion shall be deemed to have been made
      immediately prior to the close of business on the date of such surrender
      of the shares of Series A Preferred Stock to be converted, and the person
      or persons entitled to receive the shares of Common Stock issuable upon
      conversion shall be treated for all purposes as the record holder or
      holders of such shares of Common Stock on such date.

	 	 	 
	 	(c) 	
      Automatic Conversion

	 	(i) 	
      Immediately after the second anniversary of their date of
      issuance, all shares of Series A Preferred Stock shall be converted
      automatically without any further action by any holder of such shares and
      whether or not the certificate or certificates representing such shares
      are surrendered to the Corporation or the transfer agent for the Series A
      Preferred Stock, provided, however, that the Corporation shall not be
      obligated to issue a certificate or certificates evidencing the shares of
      Common Stock into which such shares of Series A Preferred Stock were
      convertible unless the certificate or certificates representing such
      shares of Series A Preferred Stock being converted are either delivered to
      the Corporation or the transfer agent of the Series A Preferred Stock, or
      the holder notifies the Corporation or such transfer agent that such
      certificate or certificates have been lost, stolen, or destroyed and
      executes and delivers an agreement satisfactory to the Corporation to
      indemnify the Corporation from any loss incurred by it in connection
      therewith and, if the Corporation so elects, provides an appropriate
      indemnity.

	 	 	 
	 	(ii) 	
      Upon the automatic conversion of Series A Preferred
      Stock, each holder of Series A Preferred Stock shall surrender the
      certificate or certificates representing such holder's shares of Series A
      Preferred Stock at the office of the Corporation or of the transfer agent
      for the Series A Preferred Stock. Thereupon, there shall be issued and
      delivered to such holder, promptly at such office and in such holder's
      name as shown on such surrendered certificate or certificates, a
      certificate or certificates for the number of shares of Common Stock into
      which the shares of Series A Preferred Stock surrendered were convertible
      on the date on which such automatic conversion occurred. No fractional
      shares of Common Stock shall be issued upon the automatic conversion of
      Series A Preferred Stock and any such fraction will be rounded down to the
      nearest whole number.

	 	(d) 	
      Adjustments to Conversion Price

	 	 	 	 	 
	 		(i) 	
      Special Definitions

	 	 	 	 	 
	 			
      As referenced in this Section A2(d) and elsewhere herein,
      the following definitions shall apply:

	 	 	 	 	 
	 			A. 	
      "Original Issue Date" shall mean the date on which
      shares of Series A Preferred Stock were first issued, and "Holder's
      Issue Date" shall mean the date on which the particular shares of
      Series A Preferred Stock were issued to the holder;

	 	 	 	 	 
	 			B. 	
      "Convertible Securities" shall mean any evidences
      of indebtedness, shares (other than Series A Preferred Stock) or other
      securities directly or indirectly convertible into or exchangeable for
      Common Stock;

B-4 

	 	(ii) 	
      Adjustment for Subdivisions, Combinations or
      Consolidations of Common Stock

	 	 	 	 
	 		A. 	
      Subdivisions

	 	 	 	 
	 			
      In the event the Corporation at any time or from time to
      time after the Original Issue Date shall effect a subdivision of the
      outstanding shares of Common Stock (by reclassification or otherwise than
      by payment of a dividend in Common Stock), other than dividends,
      distributions or subdivisions which are included in the Additional
      Permitted Securities, then the Conversion Price in effect immediately
      prior to such subdivision shall be proportionately decreased, concurrently
      with the effectiveness of such subdivision.

	 	 	 	 
	 		B. 	
      Combinations or Consolidations

	 	 	 	 
	 			
      In the event the outstanding shares of Common Stock shall
      be combined or consolidated, by reclassification or otherwise, into a
      lesser number of shares of Common Stock, the Conversion Price in effect
      immediately prior to such combination or consolidation shall be
      proportionately increased, concurrently with the effectiveness of such
      combination or consolidation.

	 	(e) 	
      No Impairment

	 	 	 	 
	 		
      The Corporation shall not, by amendment of its Articles
      of Incorporation or through any reorganization, transfer of assets,
      consolidation, merger, dissolution, issue or sale of securities or any
      other voluntary action, avoid or seek to avoid the observance or
      performance of any of the terms to be observed or performed hereunder by
      the Corporation but shall at all times in good faith assist in the
      carrying out of all the provisions of this Section 2 and in the taking of
      all such action as may be necessary or appropriate in order to protect
      the, conversion rights of the holders of Series A Preferred Stock against
      impairment.

	 	 	 	 
	 	(f) 	
      Certificate as to Adjustments

	 	 	 	 
	 		
      Upon the occurrence of each adjustment or readjustment of
      the Conversion Price pursuant to this Section 2, the Corporation at its
      expense shall promptly compute such adjustment or readjustment in
      accordance with the terms hereof and furnish to each affected holder of
      Series A Preferred Stock, a certificate setting forth such adjustment or
      readjustment and showing in detail the facts upon which such adjustment or
      readjustment is based. Upon the written request at any time of any
      affected holder of Series A Preferred Stock, the Corporation shall furnish
      to such holder a like certificate setting forth:

	 	 	 	 
	 		(i) 	
      such adjustments and readjustments;

	 	 	 	 
	 		(ii) 	
      the Conversion Price in effect at the time; and

	 	 	 	 
	 		(iii) 	
      the number of shares of Common Stock and the amount, if
      any, of other property which at the time would be received upon conversion
      of each share of Series A Preferred Stock.

B-5 

	 	(g) 	
      Notices of Record Date

	 	 	 
	 		
      In the event of any taking by the Corporation of a record
      of the holders of any class of securities for the purpose of determining
      the holders thereof who are entitled to receive any dividend (other than a
      cash dividend which is the same as cash dividends paid in previous
      quarters) or other distribution, the Corporation shall mail to each holder
      of Series A Preferred Stock at least ten (10) days prior to such record
      date a notice specifying the date on which any such record is to be taken
      for the purpose of such dividend or distribution.

	 	 	 
	 	(h) 	
      Common Stock Reserved

	 	 	 
	 		
      The Corporation shall reserve and keep available out of
      its authorized but unissued Common Stock such number of shares of Common
      Stock as shall from time to time be sufficient to effect the conversion of
      all outstanding shares of Series A Preferred Stock.

	 	 	 
	 	(i) 	
      Certain Taxes

	 	 	 
	 		
      The Corporation shall pay any issue or transfer taxes
      payable in connection with the conversion of any shares of Series A
      Preferred Stock; provided, however, that the Corporation shall not be
      required to pay any tax which may be payable in respect of any transfer to
      a name other than that of the holder of such Series A Preferred
    Stock.

	 	 	 
	 	(j) 	
      Closing of Books

	 	 	 
	 		
      The Corporation shall at no time close its transfer books
      against the transfer of any Series A Preferred Stock, or of any shares of
      Common Stock issued or issuable upon the conversion of any shares of
      Series A Preferred Stock in any manner which interferes with the timely
      conversion or transfer of such Series A Preferred
Stock.

	3. 	
      Voting Rights

	 	 	 
		
      Except with respect to matters which adversely affect the
      holders of Series A Preferred Stock, as required by law or as required by
      the Articles of Incorporation, the holders of Series A Preferred Stock
      shall not be entitled to notice of any stockholders' meeting or to vote
      upon any matter submitted to the stockholders for a vote.

	 	 	 
	4. 	
      Dividends

	 	 	 
		(a) 	
      Subject to the rights of holders, if any, of shares of
      Preferred Stock then outstanding having a right to dividends ranking equal
      or superior to the rights of holders of Series A Preferred Stock, the
      holders of the then outstanding Series A Preferred Stock shall be entitled
      to receive, out of any assets of the Corporation legally available
      therefore, such dividends when, as and if declared on shares of Series A
      Preferred Stock from time to time by the Board of Directors in the Board's
      sole discretion, at the rate of 7% of the Liquidation Amount per share per
      annum. No dividend shall be paid with respect to any shares of Common
      Stock or any shares of capital stock of the Corporation ranking junior to
      the Series A Preferred Stock with respect to the payment of dividends (the
      "Junior Capital Stock") unless the holders of the Series A Preferred Stock
      are first paid all declared and unpaid dividends. The right to such
      dividends on the Series A Preferred Stock shall not be cumulative, and no
      rights shall accrue to the holders of Series A

B-6 

	 		
      Preferred Stock by reason of the fact that dividends on
      such shares are not declared or paid in any prior year.

	 	 	 
	 	(b) 	
      Dividends, when and if declared, shall be paid
      semi-annually not in advance by forwarding a check, postage prepaid, to
      the address of each holder (or, in the case of joint holders, to the
      address of any such holder) of Series A Preferred Stock, or other shares
      of Common Stock, as applicable, as shown on the books of the Corporation,
      or to such other address as such holder specifies for such purpose by
      written notice to the Corporation. The forwarding of such cheque shall
      satisfy all obligations of the Corporation with respect to such dividends,
      unless such cheque is not paid upon timely presentation. Alternatively,
      the Corporation, in its sole discretion, may determine to pay the dividend
      in common stock of the Corporation. In the event that the Corporation
      determines to pay any declared dividend in common stock of the
      Corporation, the dividend will be issued at the closing average trading
      price for the common stock on the TSX Venture Exchange (or the
      Corporation's main trading market if not trading on the TSX Venture
      Exchange) for the ten (10) trading days prior to the date payment of the
      dividend is due.

	 	 	 
	 	(c) 	
      Each holder of an outstanding share of Series A Preferred
      Stock shall be deemed to have consented to distributions made by the
      Corporation in connection with its repurchase of shares of Common Stock
      issued to or held by officers, directors or employees of, or consultants
      to, the Corporation or its subsidiaries upon termination of their
      employment or services pursuant to agreements (whether now existing or
      hereafter entered into) providing for the right of repurchase between the
      Corporation and such persons upon termination of employment or
      services.

	 	 	 
	 	(d) 	
      Dividend payments, when, as and if declared by the, Board
      of Directors, shall be paid from the Corporation's cash flow after debt
      service and income tax payments and shall be payable only out of earnings
      of the Corporation determined in accordance with generally accepted
      accounting principles consistently applied. Dividend payments may be
      restricted pursuant to the provisions of the Corporation's working capital
      facility and the Corporation's need to retain capital for reinvestment in
      the Corporation's operations.

	5. 	
      Redemption

	 	 	 
		(a) 	
      Election of Redemptions

	 	 	 
			
      At any time after ninety (90) days from the date of
      issuance of the Series A Preferred Stock the Corporation, upon ten (10)
      days written notice to the holders of Series A Preferred Stock, may redeem
      any or all of the Series A Preferred Stock, to the extent it may lawfully
      do so, on a pro rata basis.

	 	 	 
		(b) 	
      Redemption Price

	 	 	 
			
      The Corporation shall redeem the Series A Preferred Stock
      by paying in cash therefor a price per share equal to 110% of the
      Liquidation Amount plus accrued interest.

	 	 	 
		(c) 	
      Notice

	 	 	 
			
      At least ten (10) days prior to each Redemption Date,
      written notice shall be mailed, first class postage prepaid, to each
      holder of record (at the close of business on the business day next
      preceding the day on which notice is given) of Series A Preferred Stock,
      at the address

B-7 

	 		
      last shown on the records of the Corporation for such
      holder, specifying the number of shares to be redeemed from each holder,
      the applicable Redemption Date, the redemption price, the place at which
      payment may be obtained and calling upon such holder to surrender to the
      Corporation, in the manner and at the price designated, its certificate or
      certificates representing such holder's shares to be redeemed (the
      "Redemption Notice").

	 	 	 
	 	(d) 	
      Surrender of Certificates

	 	 	 
	 		
      Except as provided herein, on or after the applicable
      Redemption Date, such holder of Series A Preferred Stock to be redeemed at
      such time shall surrender to the Corporation the certificate or
      certificates representing such shares, in the manner at the price
      designated in the Redemption Notice, and thereupon the redemption price of
      such shares shall be payable to the order of the person whose name appears
      on such certificate or certificates as the owner thereof and each
      surrendered certificate shall be cancelled. In the event fewer than all of
      the shares represented by any such certificate are redeemed, a new
      certificate shall be issued representing the unredeemed shares.

	 	 	 
	 	(e) 	
      Rights of the Holders

	 	 	 
	 		
      From and after the applicable Redemption Date, unless
      there shall have been a default in payment of the redemption price, all
      rights of holders of shares of Series A Preferred Stock designated for
      redemption in the Redemption Notice (except the right to receive the
      redemption price without interest upon surrender of their certificate or
      certificates) shall cease with respect to such shares at such time, and
      such shares shall not thereafter be transferred on the books of the
      Corporation or be deemed to be outstanding for any purpose whatsoever save
      and except that the holders of Series A Preferred Stock designated for
      redemption in the Redemption Notice may convert any Series A Preferred
      Stock not yet converted into such number of Common Stock as determined in
      accordance with subsection A.2 hereof at any time on or prior to the
      Redemption Date. If the funds of the Corporation legally available for
      redemption of shares of Series A Preferred Stock on the applicable
      Redemption Date are insufficient to redeem the total number of shares of
      Series A Preferred Stock to be redeemed on each such date, those funds
      that are legally available will be used to redeem the maximum possible
      number of such shares ratably among the holders of the Series A Preferred
      Stock, such shares to be redeemed based upon their holdings of Series A
      Preferred Stock. The shares of the Series A Preferred Stock not redeemed
      shall remain outstanding and entitled to all the rights and preferences
      provided herein. At any time thereafter when additional funds of the
      Corporation are legally available for the redemption of shares of Series A
      Preferred Stock, such funds will immediately be used to redeem the balance
      of the shares that the Corporation has become obligated to redeem on the
      applicable Redemption Date.

	6. 	
      No Reissuance of Series A Preferred
      Stock

	 	 
		
      No share or shares of Series A Preferred Stock acquired
      by the Corporation by reason of redemption, purchase, conversion or
      otherwise shall be reissued, and all such shares shall be cancelled,
      retired and eliminated from the shares which the Corporation shall be
      authorized to issue.

B-8 

	7. 	
      Residual Rights

	 	 
		
      All rights accruing to the outstanding shares of the
      Corporation not expressly provided for in the terms of the Series A
      Preferred Stock shall be vested in the Common
Stock.

The holders of the Series A Preferred Stock shall vote as a
separate class with respect to any matter or proposed action as to which
applicable law or the Articles of Incorporation require the vote, consent, or
approval of the holders of the Series A Preferred Stock. 

IN WITNESS WHEREOF, the Corporation has caused this Certificate
of Designation to be signed by its duly authorized officer this ________ day of
__________________, 2008. 

STOCKGROUP INFORMATION SYSTEMS, INC. 

Per:
______________________________________________
        Authorized
Signatory 

SCHEDULE C 

FORM 4C 

CORPORATE PLACEE REGISTRATION FORM 

Where purchasers to a private placement are not individuals,
the following information about the placee must be provided. This form will
remain on file with the TSX Venture Exchange (the “Exchange”). The corporation,
trust, portfolio manager or other entity (the “Placee”) need only file it on one
time basis, and it will be referenced for all subsequent private placements in
which it participates. If any of the information provided in this form changes,
the Placee must notify the Exchange prior to participating in further placements
with Exchange listed companies. If as a result of the private placement, the
Placee becomes an insider of Stockgroup Information Systems Inc., insiders of
the Placee are reminded that they must file a Personal Information Form (2A) or,
if applicable, declarations, with the Exchange.

	1. 	 Placee Information: 

	 	 	  

	  	(a) 	 Name: PEAK6 Capital Management LLC                                                                                                                         
      

	 	 	  

	  	(b) 	 Complete Address: 141 W. Jackson Blvd.,
        Suite 500, Chicago, IL, 60604                                                                   
      

	 	 	  

	  	  	  __________________________________________________________________________________

	 	 	  

	  	(c) 	 Jurisdiction of incorporation or creation:
                                                                                                    
      

	 	 	  

	2. 	(a) 	 Is the Placee purchasing securities as a
        portfolio manager (Yes/No)? Yes                                                               
        

	 	 	  

	  	(b) 	 Is the Placee carrying on business as a
        portfolio manager outside of Canada (Yes/No)? 

	 	 	  

	  	                                                                                                                                                                                                     
        

	 	 	  

	3. 	 If the answer to 2(b) above
        was “Yes”, the undersigned certifies that:

	 	 	  

		(a) 	 It is purchasing securities of an Issuer
        on behalf of managed accounts for which it is making the investment decision
        to purchase the securities and has full discretion to purchase or sell
        securities for such accounts without requiring the client’s express
        consent to a transaction; 

	 	 	  

		(b) 	 it carries on the business of managing the
        investment portfolios of clients through discretionary authority granted
        by those clients (a “portfolio manager” business) in Illinois,
        and it is permitted by law to carry on a portfolio manager business in
        that jurisdiction; 

	 	 	  

		(c) 	 it was not created solely or primarily for
        the purpose of purchasing securities of Stockgroup Information Systems
        Inc.; 

	 	 	  

		(e) 	 the total asset value of the investment
        portfolios it manages on behalf of clients is not less than $20,000,000;
        and 

	 	 	  

		(f) 	 it has no reasonable grounds to believe,
        that any of the directors, senior officers and other insiders of Stockgroup
        Information Systems Inc., and the persons that carry on investor 

C-2 

relations activities for Stockgroup
Information Systems Inc. has a beneficial interest in any of the managed
accounts for which it is purchasing 

	4. 	
      If the answer to 2(a). above was “No”, please provide the
      names and addresses of control persons of the
placee:

	Name 	City 	Province or State 	Country 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

The undersigned acknowledges that it is bound by the provisions
of applicable securities law in the relevant jurisdiction, including provisions
concerning the filing of insider reports and reports of acquisitions (See for
example, sections 87 and 111 of the Securities Act (British Columbia) and
sections 176 and 182 of the Securities Act (Alberta)). 

Acknowledgement - Personal Information 

“Personal Information” means any information about an
identifiable individual, and includes information contained in sections 1, 2 and
4, as applicable, of this Form. 

The undersigned hereby acknowledges and agrees that it has
obtained the express written consent of each individual to: 

	(a) 	
      the disclosure of Personal Information by the undersigned
      to the Exchange (as defined in Appendix 6B) pursuant to this Form;
    and

	 	 
	(b) 	
      the collection, use and disclosure of Personal
      Information by the Exchange for the purposes described in Appendix 6B or
      as otherwise identified by the Exchange, from time to
  time.

Dated at                                                         
  on                                                   .

	 	PEAK6
      Capital Management LLC 
	 	(Name of Purchaser - please print) 
	 	  
	 	  
	 	(Authorized Signature) 
	 	  
	 	for
      PEAK6 LLC, Manager 
	 	(Official Capacity - please print) 
	 	  
	 	  
	 	  
	 	(please print name of individual whose
      signature 
	 	appears above) 

THIS IS NOT A PUBLIC DOCUMENT 

SCHEDULE D 

ACCREDITED INVESTOR QUESTIONNAIRE 

All capitalized terms herein, unless otherwise defined, have
the meanings ascribed thereto in the Stock Purchase Agreement. 

This Questionnaire is for use by each Investor who is a US
person (as that term is defined Regulation S of the United States Securities Act
of 1933 (the “1933 Act”)) and has indicated an interest in purchasing Series A
Preferred Shares (the "Shares") of the Company. The purpose of this
Questionnaire is to assure Stockgroup Information Systems Inc. (the "Company")
that each Investor will meet the standards imposed by the 1933 Act and the
appropriate exemptions of applicable state securities laws. The Company will
rely on the information contained in this Questionnaire for the purposes of such
determination. The Shares will not be registered under the 1933 Act in reliance
upon the exemption from registration afforded by Section 3(b) and/or Section
4(2) and Regulation D of the 1933 Act. This Questionnaire is not an offer of the
Shares or any other securities of the Company in any state other than those
specifically authorized by the Company. 

All information contained in this Questionnaire will be treated
as confidential. However, by signing and returning this Questionnaire, each
Investor agrees that, if necessary, this Questionnaire may be presented to such
parties as the Company deems appropriate to establish the availability, under
the 1933 Act or applicable state securities law, of exemption from registration
in connection with the sale of the Shares hereunder. 

The Investor covenants, represents and warrants to the Company
that it satisfies one or more of the categories of “Accredited Investors”, as
defined by Regulation D promulgated under the 1933 Act, as indicated below:
(Please initial in the space provide those categories, if any, of an “Accredited
Investor” which the Investor satisfies.) 

	_______	Category 1 	
      An organization described in Section 501(c)(3) of the
      United States Internal Revenue Code, a corporation, a Massachusetts or
      similar business trust or partnership, not formed for the specific purpose
      of acquiring the Shares, with total assets in excess of US $5,000,000.
    

	 	  	
       

	_______	Category 2 	
      A natural person whose individual net worth, or joint net
      worth with that person’s spouse, on the date of purchase exceeds US
      $1,000,000. 

	 	  	
       

	_______	Category 3 	
      A natural person who had an individual income in excess
      of US $200,000 in each of the two most recent years or joint income with
      that person’s spouse in excess of US $300,000 in each of those years and
      has a reasonable expectation of reaching the same income level in the
      current year. 

	 	  	
       

	_______	Category 4 	
      A “bank” as defined under Section (3)(a)(2) of the 1933
      Act or savings and loan association or other institution as defined in
      Section 3(a)(5)(A) of the 1933 Act acting in its individual or fiduciary
      capacity; a broker dealer registered pursuant to Section 15 of the
      Securities Exchange Act of 1934 (United States); an insurance
      company as defined in Section 2(13) of the 1933 Act; an investment company
      registered under the Investment Company Act of 1940 (United States)
      or a business development company as defined in Section 2(a)(48) of such
      Act; a Small Business Investment Company licensed by the U.S. Small
      Business Administration under Section 301(c) or (d) of the Small
      Business Investment Act of 1958 (United States); a plan with total
      assets in excess of $5,000,000 established and maintained by a state, a
      political subdivision thereof, or an agency or instrumentality of a state
      or a political subdivision thereof, for the benefit of its employees; an
      employee benefit plan within the meaning of the Employee Retirement
      Income Security Act of 1974 (United States)

D-2 

			
      whose investment decisions are made by a plan fiduciary,
      as defined in Section 3(21) of such Act, which is either a bank, savings
      and loan association, insurance company or registered investment adviser,
      or if the employee benefit plan has total assets in excess of $5,000,000,
      or, if a self-directed plan, whose investment decisions are made solely by
      persons that are accredited investors. 

	 	 	
       

	_______	Category 5 	
      A private business development company as defined in
      Section 202(a)(22) of the Investment Advisers Act of 1940 (United
      States). 

	 	 	
       

	_______	Category 6 	
      A director or executive officer of the Company.

	 	 	
       

	_______	Category 7 	
      A trust with total assets in excess of $5,000,000, not
      formed for the specific purpose of acquiring the Shares, whose purchase is
      directed by a sophisticated person as described in Rule 506(b)(2)(ii)
      under the 1933 Act. 

	 	 	
       

	_______	Category 8 	
      An entity in which all of the equity owners satisfy the
      requirements of one or more of the foregoing categories.

Note that prospective Investors claiming to satisfy one of the
above categories of Accredited Investor may be required to supply the Company
with a balance sheet, prior years’ federal income tax returns or other
appropriate documentation to verify and substantiate the Investor’s status as an
Accredited Investor. 

If the Investor is an entity which initialled Category 8 in
reliance upon the Accredited Investor categories above, state the name, address,
total personal income from all sources for the previous calendar year, and the
net worth (exclusive of home, home furnishings and personal automobiles) for
each equity owner of the said entity:

	 

The Investor hereby certifies that the information contained in
this Questionnaire is complete and accurate and the Investor will notify the
Company promptly of any change in any such information. If this Questionnaire is
being completed on behalf of a corporation, partnership, trust or estate, the
person executing on behalf of the Investor represents that it has the authority
to execute and deliver this Questionnaire on behalf of such entity. 

IN WITNESS WHEREOF, the undersigned has executed this Questionnaire
  as of the ____________ day of ______________. 

	If a Corporation, Partnership or Other 	 	If an Individual: 
	Entity: 	 	  
	  	 	  
	PEAK6 Capital
      Management LLC 	 	 
    
	Print of Type Name of Entity 	 	Signature 
	  	 	  
	  	 	  
	Signature of Authorized Signatory 	 	Print or Type Name 
	  	 	  
	Limited Liability
      Company 	 	 
    
	Type of Entity 	 	Social Security/Tax I.D. No.ex10p1.htm

    
      

    

    Exhibit 10.1

     

    
 

    
      Cenveo,
Inc.

      One
Canterbury Green

      201
Broad Street, 6th Floor

      Stamford,
CT  06901

      (203)
595-3000

      Fax
(203) 595-3074

    
       

    

     

     

    February
27, 2008

     

    

    

     

    Mr.
Robert G. Burton

    201 Broad
Street

    Stamford, CT 06901

     

     

    Dear
Bob:

     

    Reference
is made to the employment agreement (the “Employment Agreement”), dated October
27, 2005,  as amended, between you and Cenveo, Inc. (the
“Company”).  This letter agreement (the “Amendment”) will serve to
amend the Employment Agreement in the following respects, effective as of the
date of this letter.  (Capitalized terms not defined in this Amendment
will have the same meaning as in the Employment Agreement.)

     

    1.           The
first sentence of Section 1 (“Terms of Employment”) of the Employment Agreement
is amended to extend the Term of the Employment Agreement by two years by
replacing the date “December 31, 2010,” with the date “December 31,
2012.”

     

    

     

    The
Employment Agreement otherwise remains in full force and effect.  This
Amendment may be executed in two or more counterparts, each of which will
constitute an original, and all of which together will constitute one and the
same.

     

    If the
foregoing terms and conditions are acceptable and agreed to by you, please sign
the line provided below to signify such acceptance and agreement and return the
executed copy to the undersigned.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      

      
        	 	
                CENVEO,
      INC.

              
	 	 	 
	 	 	 
	 	
                By:

              	
                /s/ Patrice M.
      Daniels

              
	 	
                Name:

              	
                Patrice
      M. Daniels

              
	 	
                Title:

              	
                Director
      and Chairperson of

                Compensation
      Committee

              

      

     

    Accepted
and Agreed this

    27th day
of February, 2008.

    

    /s/ Robert G. Burton,
Sr.

    Robert G.
Burton, Sr.

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