Document:

KINDER MORGAN MANAGEMENT, LLC

KINDER MORGAN G.P., INC.

 

OFFICERS’ CERTIFICATE

PURSUANT TO SECTION 301 OF INDENTURE

 

Each of the undersigned, Kimberly A. Dang and David D. Kinder, the Vice President and Chief Financial Officer and the Vice President and Treasurer, respectively, of (i) Kinder Morgan Management, LLC (the “Company”), a Delaware limited liability company and the delegate of Kinder Morgan G.P., Inc. and (ii) Kinder Morgan G.P., Inc., a Delaware corporation and the general partner of Kinder Morgan Energy Partners, L.P., a Delaware limited partnership (the “Partnership”), on behalf of the Partnership, does hereby establish the terms of a series of senior debt Securities of the Partnership under the Indenture relating to senior debt Securities, dated as of January 31, 2003 (the “Indenture”), between the Partnership and U.S. Bank National Association, as successor trustee to Wachovia Bank, National Association (the “Trustee”), pursuant to
resolutions adopted by the Board of Directors of the Company, or a committee thereof, on July 16, 2008, December 12, 2008 and December 16, 2008 and in accordance with Section 301 of the Indenture, as follows:

1.       The title of the Securities shall be “9.00% Senior Notes due 2019” (the “Notes”);

2.         The aggregate principal amount of the Notes which initially may be authenticated and delivered under the Indenture shall be limited to a maximum of $500,000,000, except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to the terms of the Indenture, and except that any additional principal amount of the Notes may be issued in the future without the consent of Holders of the Notes so long as such additional principal amount of Notes are authenticated as required by the Indenture;

3.         The Notes shall be issued on December 19, 2008, and the principal of the Notes shall be payable on February 1, 2019; the Notes will not be entitled to the benefit of a sinking fund; 

4.         The Notes shall bear interest at the rate of 9.00% per annum, which interest shall accrue from December 19, 2008, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, which dates shall be February 1 and August 1 of each year, and such interest shall be payable semi-annually in arrears on February 1 and August 1 of each year, commencing August 1, 2009, to holders of record at the close of business on the January 15 or July 15, respectively, next preceding each such Interest Payment Date;

5.         The principal of, premium, if any, and interest on, the Notes shall be payable at the office or agency of the Partnership maintained for that purpose in the Borough of Manhattan, New York, New York; provided, however, that at the option of the Partnership, payment of interest may be made from such office in the Borough of Manhattan, New York, New York by check mailed to the address of the person entitled thereto as such address shall appear in the Security Register. If at any time there shall be no such office or agency in the Borough of Manhattan, New York, New York, where the Notes may be presented or surrendered for 

 

payment, the Partnership shall forthwith designate and maintain such an office or agency in the Borough of Manhattan, New York, New York, in order that the Notes shall at all times be payable in the Borough of Manhattan, New York, New York. The Partnership hereby initially designates the Corporate Trust Office of the Trustee in the Borough of Manhattan, New York, New York, as one such office or agency;

6.         U.S. Bank National Association, successor trustee to Wachovia Bank, National Association, is appointed as the Trustee for the Notes, and U.S. Bank National Association, and any other banking institution hereafter selected by the officers of the Company, on behalf of the Partnership, are appointed agents of the Partnership (a) where the Notes may be presented for registration of transfer or exchange, (b) where notices and demands to or upon the Partnership in respect of the Notes or the Indenture may be made or served and (c) where the Notes may be presented for payment of principal and interest;

7.         The Notes will be redeemable, at the Partnership’s option, at any time in whole, or from time to time in part, upon not less than 30 and not more than 60 days notice mailed to each Holder of the Notes to be redeemed at the Holder’s address appearing in the Security Register, at a price equal to 100% of the principal amount of the Notes to be redeemed plus accrued interest to the Redemption Date, subject to the right of Holders of record on the relevant Record Date to receive interest due on an Interest Payment Date that is on or prior to the Redemption Date, plus a make-whole premium, if any. In no event will the Redemption Price ever be less than 100% of the principal amount of the Notes being redeemed plus accrued interest to the Redemption Date.

The amount of the make-whole premium on any Note, or portion of a Note, to be redeemed will be equal to the excess, if any, of:

	
             
 	
            (1)
 	
            the sum of the present values, calculated as of the Redemption Date, of:
 

	
             
 	
            •
 	
            each interest payment that, but for the redemption, would have been payable on the Note, or portion of a Note, being redeemed on each interest payment date occurring after the Redemption Date, excluding any accrued interest for the period prior to the Redemption Date; and
 

	
             
 	
            •
 	
            the principal amount that, but for the redemption, would have been payable at the stated maturity of the Note, or portion of a Note, being redeemed;
 

over

	
             
 	
            (2)
 	
            the principal amount of the Note, or portion of a Note, being redeemed.
 

The present value of interest and principal payments referred to in clause (1) above will be determined in accordance with generally accepted principles of financial analysis. The present values will be calculated by discounting the amount of each payment of interest or principal from the date that each such payment would have been payable, but for the redemption, to the Redemption Date at a discount rate equal to the Treasury Yield, as defined below, plus 0.50%.

The make-whole premium will be calculated by an independent investment banking institution of national standing appointed by the Partnership. If the Partnership fails to make that 

 

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appointment at least 30 business days prior to the redemption date, or if the institution so appointed is unwilling or unable to make the calculation, the financial institution named in the Notes will make the calculation. If the financial institution named in the Notes is unwilling or unable to make the calculation, an independent investment banking institution of national standing appointed by the Trustee will make the calculation. 

For purposes of determining the make-whole premium, Treasury Yield refers to an annual rate of interest equal to the weekly average yield to maturity of United States Treasury Notes that have a constant maturity that corresponds to the remaining term to maturity of the Notes to be redeemed, calculated to the nearer 1/12 of a year (the “Remaining Term”). The Treasury Yield will be determined as of the third business day immediately preceding the applicable redemption date.

The weekly average yields of United States Treasury Notes will be determined by reference to the most recent statistical release published by the Federal Reserve Bank of New York and designated “H.15(519) Selected Interest Rates” or any successor release (the “H.15 Statistical Release”). If the H.15 Statistical Release sets forth a weekly average yield for United States Treasury Notes having a constant maturity that is the same as the Remaining Term of the Notes to be redeemed, then the Treasury Yield will be equal to that weekly average yield. In all other cases, the Treasury Yield will be calculated by interpolation, on a straight-line basis, between the weekly average yields on the United States Treasury Notes that have a constant maturity closest to and greater than the Remaining Term of the Notes to be redeemed and the United States Treasury Notes that have a
constant maturity closest to and less than the Remaining Term, in each case as set forth in the H.15 Statistical Release. Any weekly average yields so calculated by interpolation will be rounded to the nearer 0.01%, with any figure of 0.0050% or more being rounded upward. If weekly average yields for United States Treasury Notes are not available in the H.15 Statistical Release or otherwise, then the Treasury Yield will be calculated by interpolation of comparable rates selected by the independent investment banking institution.

If less than all of the Notes are to be redeemed, the Trustee will select the Notes to be redeemed by a method that the Trustee deems fair and appropriate. The Trustee may select for redemption Notes and portions of Notes in amounts of $1,000 or whole multiples of $1,000.

8.         Each Holder of the Notes will have the right (the “Repurchase Option”) to require the Partnership to repurchase all or a portion of such Holder’s Notes on February 1, 2012 at a purchase price equal to 100% of the principal amount of the Notes tendered by such Holder plus accrued and unpaid interest to, but excluding, February 1, 2012 (the “Repurchase Price”). On or before February 1, 2012, the Partnership will deposit with the Trustee (or a separate Paying Agent) cash sufficient to pay the Repurchase Price of the Notes tendered for repurchase in accordance with this Section 8. A Holder’s exercise of the Repurchase Option will be irrevocable.

The Repurchase Option may be exercised by the Holder of a Note for less than the entire principal amount of such Note, but in that event, the principal amount of such Note remaining outstanding after repurchase must be in an authorized denomination. In the event of a repurchase of a Note in part only, a new Note or Notes of like tenor for the unpurchased portion thereof will be issued in the name of the Holder thereof upon the cancellation of the purchased portion.

 

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For any Note to be repurchased, the Trustee (or separate Paying Agent, if one has been appointed) must receive, at its Corporate Trust Office, not more than 60 nor less than 45 calendar days prior to February 1, 2012, the particular Notes to be tendered and: 

	
             
 	
            •
 	
            in the case of Notes in the form of Definitive Securities, the form entitled “Option to Elect Repurchase” (attached to such Notes) duly completed; or
 

	
             
 	
            •
 	
            in the case of Notes in the form of Global Securities, repurchase instructions from the applicable beneficial owner to the Depositary and forwarded by the Depositary.
 

Repurchase instructions should not be sent to the Partnership.

All instructions from beneficial owners of Notes in the form of Global Securities relating to the Repurchase Option shall be irrevocable. In addition, at the time repurchase instructions are given, each beneficial owner of Notes to be repurchased shall cause the participant in the Depositary’s book-entry system through which such beneficial owner owns its interest in such Notes to transfer such beneficial owner’s interest in the Global Securities representing the related Notes, on the Depositary’s records, to the Trustee (or Paying Agent, if applicable).

If any Notes shall have been surrendered for repurchase as provided in this Section 8, such Notes shall become due and payable and shall be paid by the Partnership on February 1, 2012, and on and after February 1, 2012 (unless the Partnership shall default in the payment of such Notes on February 1, 2012) such Notes so to be repaid shall cease to bear interest. Upon surrender of any Notes for repayment, the principal amount of such Notes so to be repaid shall be paid by the Partnership, together with accrued interest, if any, to, but excluding, February 1, 2012. If the principal amount of any Notes surrendered for repayment shall not be so repaid upon surrender thereof, such principal amount (together with interest, if any, thereon accrued to February 1, 2012) shall, until paid, bear interest from February 1, 2012 at the rate of 9.00% per annum.

In connection with any repayment of Notes pursuant to this Section 8, the Partnership will comply with the provisions of Rule 13e-4, Rule 14e-1 and any other tender offer rules under the Exchange Act, if required, and will file Schedule 13E-4 or any other schedule, if required.

9.         Payment of principal of, and interest on, the Notes shall be without deduction for taxes, assessments or governmental charges paid by Holders of the Notes;

10.       The Notes are approved in the form attached hereto as Exhibit A and shall be issued upon original issuance in whole in the form of one or more book-entry Global Securities, and the Depositary shall be The Depository Trust Company; and

11.       The Notes shall be entitled to the benefits of the Indenture, including the covenants and agreements of the Partnership set forth therein, except to the extent expressly otherwise provided herein or in the Notes.

Any initially capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Indenture.

 

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IN WITNESS WHEREOF, each of the undersigned has hereunto signed his or her name this 16th day of December, 2008.

 

 

	
             
 	
            /s/ Kimberly A. Dang
 
	
             
 	
            Kimberly A. Dang
 
	
             
 	
            Vice President and Chief Financial Officer
 
	
             
 	
             
 

 

	
             
 	
            /s/ David D. Kinder
 
	
             
 	
            David D. Kinder
 
	
             
 	
            Vice President and Treasurer
 
	
             
 	
             
 

 

 

 

[Signature Page to Officers’ Certificate Establishing Series] 

 

EXHIBIT A

 

Form of Global Note attached.Exhibit 10.1 

	
 

	
THE
 SHARES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND ARE BEING OFFERED AND SOLD
 IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF SUCH LAWS.
 THE SHARES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY
 NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER SUCH LAWS PURSUANT TO
 REGISTRATION OR AN EXEMPTION THEREFROM. THE SHARES HAVE NOT BEEN APPROVED OR
 DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY OTHER REGULATORY
 AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED
 THE MERITS OF THIS OFFERING OR THE ACCURACY OR ADEQUACY OF THE OFFERING
 MATERIALS. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

	
 

	
 

	
SUBSCRIPTION AGREEMENT – EXCHANGE
 OFFER AGREEMENT

	
 

	
 

	
 

	
February 1, 2009

	
 

	
 

	
SecureCare
 Technologies, Inc.

	
 

	
1617 W. 6th Street

	
 

	
Suite C

	
 

	
Austin, Texas 78703

	
 

	
 

	
 

	
Attention:  Neil Burley, Chief Financial Officer

	
 

	
                       Re:     Exchange
 of Notes for Common Stock

Gentlemen:

          Effective
February 1, 2009, SecureCARE Technologies, Inc., a Nevada corporation
(hereinafter referred to as “SCUC” or the “Company”) is offering (the
“Offering”) to the holders (“Offerees” or “Investors”) of an aggregate of
$300,000 principal amount of 8% unsecured promissory notes issued between
October 1, 2008 and January 31, 2009 and due December 31, 2009 (the “Notes”)
the opportunity, expiring at 5:00 PM on February 27, 2009, Austin Texas time
(the “Expiration Date”) to exchange their notes for the Company’s Common Stock,
par value $0.001 per share (“Common Stock”), at a rate of one share of Common
Stock for each $0.10 of Note surrendered by the Holder to the Company with all
accrued interest on any exchanged Note to be waived (the “Offer”). The Company
will issue 3,000,000 shares of its Common Stock to affect the Offer upon
consent of the Offerees representing the entire $300,000 in principal amount
outstanding as of February 1, 2009. However, there is no minimum amount of
Holders who must accept the Offer. The Company will concurrently offer an
aggregate of up to 4,000,000 shares of its Common Stock to investors on a best
effort basis at a price of $0.10 per share (the “Shares”). The Company will
honor all exchange requests received by it at its offices as set forth above
prior to the Expiration Date. All offers of exchange, made by executing and
returning this agreement to the Company together with your Note are irrevocable
once accepted by the Company. There is no minimum number of Notes that must be
exchanged. 

          The
Board of Directors has indicated that upon completion of the Offer and the
offering of Common Stock, it will adjust (the “Adjustment”) the Management,
Employee and Board of Director Stock Options that have been granted by granting
additional options so that the outstanding options represent the right to
purchase an aggregate of 28% of the issued and outstanding shares of the
Company on a fully diluted basis. As of February 1, 2009, Management, Employee
and Board of Director Stock Options outstanding represent the right to purchase
an aggregate of 28% of the issued and outstanding shares of the Company on a
fully diluted basis. Accordingly, the Adjustment will result in a dilution of up
to 28% of the shares outstanding upon completion of the Offer.

          1.
Exchange. Subject to the terms and conditions of this
Subscription Agreement-Exchange Offer Agreement, the undersigned hereby tenders
this subscription and exchange and a Note in the principal amount set forth at
the foot of this agreement to shares of Common Stock at $0.10 per share. Upon
the acceptance of this agreement by the Company, the Note shall be of no
further force and effect and the Holder shall only be entitled to receive the
shares of Common Stock. Acceptance shall take place within thirty (30) business
days after receipt of the signed Subscription Agreement and Note. The sale
hereby is not conditioned upon receipt of a minimal amount of Notes being
exchanged prior to the Expiration Date.

          2.
Acknowledgments. The undersigned acknowledges that the
undersigned has had the opportunity to review the following documents and has
made such review as the undersigned has deemed appropriate:

	
 

	
 

	
 

	
 

	
 

	
          All
 documents filed by the Company with the Securities and Exchange Commission of
 the United States of America and is particularly aware of the Company’s
 current cash needs, the risk factors set forth in its Form 10-KSB for the
 year ended December 31, 2007, the Company’s history of bankruptcy and that an
 investment in the Company is an extremely high risk investment. The
 undersigned further acknowledges that unless the Company sells a majority of
 the Notes, its chances for success will be further reduced to a significant
 extent. The undersigned is aware that the Company has previously raised funds
 from investors believing that it would not require further private investment
 to become a viable operating company and has been mistaken in this belief.

	
 

	
 

	
 

	
 

	
3. Investment
 Representations.

                     (a)          Investment
Intent. The undersigned represents that the undersigned is acquiring the
Shares pursuant to the Offer for investment only and not with a view to, or for
sale in connection with, any distribution thereof nor with any present
intention to sell such Shares, except in compliance with the Act. The Company
has no obligation to register the Shares under the Act and does not intend to
do so. For several years there has been an extremely limited trading market for
the Shares and no active market may ever develop. The certificates for the
Shares will bear the following legend or a legend similar thereto:

The securities represented by this certificate have not been
registered under the Securities Act of 1933, as amended, and may not be sold,
transferred, pledged, hypothecated, or otherwise disposed of in the absence of
(i) an effective registration statement for such securities under such act or
(ii) an opinion of company counsel that such registration is not required.

                     (b)          Transfer
Limited. The undersigned further acknowledges that the Shares to be
purchased hereby will have been issued pursuant to an exemption from
registration under the Act and the rules and regulations promulgated thereunder
and agrees not to sell or otherwise transfer or dispose of the Shares in any
transaction which, in the reasonable opinion of the Company’s counsel, would be
in violation of the Act. For the purpose of determining the Holder’s holding
period for the shares, the date of this agreement shall be deemed the date the
Holder acquired the Shares and such shares will not be salable for at least six
months thereafter absent a registration under the Act.

                     (c)          Experience.
The undersigned represents and warrants that the undersigned has such knowledge
and experience in financial and business matters that the Holder is and will be
capable of evaluating the risks and merits of an investment in the Shares to be
acquired hereby and that the Purchaser is able to bear the economic risks,
including total loss, of investing in the Shares.

                     (d)          No
Filing. The undersigned understands that no federal or state agency has
passed upon the Shares or made any findings or determination as to the fairness
of this investment.

          4. Information
with Respect to the Undersigned. The undersigned represents
the following information is true and correct:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Name of Holder:

	
(1) 

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
 

	
     (Print Name)

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(2) 

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
 

	
     (Print Name)

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Mailing Address:

	
 

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
 

	
     (Name of Addressee)

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
 

	
     (Number and Street)

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	 

	
 

	 

	
 

	 

	
 

	
City

	
 

	
   State

	
 

	
   Zip Code

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Facsimile No (Optional): 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Social Security and/or 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
taxpayer identification

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
number(s):

	
 

	
(1)

	
 

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(2)

	
 

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ownership Form (check one):

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
___

	
Individual

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
___

	
Joint Tenancy

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
___

	
Community property

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
___

	
Tenancy-in-common

          5.
Copies of Notices. Copies of all notices or other
communications to be given or made hereunder will be transmitted to purchaser
at its above mailing address. 

          6.
Accredited Investor. The undersigned represent(s) and
warrant(s) that I am (we are) “accredited investor(s)” as that term is defined
in Rule 501 of Regulation D promulgated by the Securities and Exchange
Commission pursuant to the Act as set forth below. (Initial the appropriate category
of accredited investor that each person satisfies and, in the case of joint or
partnership ownership, indicate which person the initialed category is
applicable to):

	
 

	
 

	
 

	
______

	
(1)          Such
 investor is a natural person who had individual income (excluding income of
 such investor’s spouse) in excess of $200,000 in each of 2007 and 2008 or
 joint income with such investor’s spouse in excess of $300,000 in each of
 those years and reasonably expects to reach the same income level in 2009
 (for purposes hereof, individual income being defined as adjusted gross
 income, without taking into account: (a) any deductions for long-term capital
 gains under § 1202 of the Internal Revenue Code of 1986, as presently amended
 (the “Code”); (b) any depletion deductions under Code § 611 et seq.; (c) any
 exclusion for interest under Code § 103; or (d) any partnership losses
 allocated to such Investor as reported on Schedule E of his Form 1040 or any
 successor form);

	
 

	
 

	
______

	
(2)          Such
 investor is a natural person whose net worth at the time of purchase, either
 individually or jointly with such Investor’s spouse, exceeds $1,000,000
 (including such investor’s home, home furnishings and automobiles);

	
 

	
 

	
______

	
(3)          Such
 investor is a trust, not formed for the specific purpose of acquiring the
 securities offered, with total assets in excess of $5,000,000 whose purchase
 is directed by a sophisticated person as described in Rule 506(b)(2)(ii)
 under the Act;

	
 

	
 

	
 

	
______

	
(4)          Such
 investor is a corporation, partnership, trust or other entity in which all of
 the equity owners are Accredited Investors; or

	
 

	
 

	
 

	
______

	
(5)          Other
 (details below):

	
 

	
 

	
 

	
 

	
 

	 

          7. Tax
Consequences. No effort has been made to provide any advice as to
the federal, state or local income tax consequences of my investment in the
Notes and Shares. I have been advised to seek my own independent advice as to
the tax consequences of an investment in the Notes and Shares.

          8.
Survival and Indemnification. The undersigned agree(s) that
the representations contained herein shall survive the purchase of the Notes
and Shares and that he (they) will indemnify and hold harmless SCUI from and
against loss, damage or liability arising from a claim of or action instituted by
a third party including any governmental or regulatory body investigation, or
proceeding arising from a breach of any representation or material
misrepresentation of the undersigned contained herein. The indemnities provided
herein shall not be deemed exclusive remedies but are in addition to all other
rights and remedies available to either or both of the parties pursuant to this
Agreement. 

          9.
Miscellaneous. 

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

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

          This
Agreement shall be construed and enforced in accordance with, and the rights of
the parties shall be governed by, the laws of the State of Texas applicable to
agreements made and to be performed entirely within such State.

          IN
WITNESS WHEREOF, the undersigned have executed this
Subscription Agreement – Exchange Agreement as of the day and year first above
written.

	
 

	
 

	
 

	
 

	
 

	
(1)

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
 

	
 

	
 

	
 

	
(2)

	
 

	
 

	
 

	
 

	 

	
 

Principal Amount of Note Surrendered for Exchange:

$__________________________ Principal amount of Note

          The
foregoing subscription is hereby accepted by SecureCare Technologies, Inc., as
of the __day of ______________ , 2009.

	
 

	
 

	
 

	
 

	
SecureCare
 Technologies, Inc.

	
 

	
(a Nevada Corporation)

	
 

	
 

	
 

	
 

	
By: 

	
 

	
 

	
 

	 

	
 

	
 

	
Neil Burley, Chief Financial Officer

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