Document:

Filed by sedaredgar.com - Candev Resource Exploration Inc. - Exhibit 10.1

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

CANDEV RESOURCE EXPLORATION, INC.

PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT 

CANADIAN AND OFFSHORE PURCHASERS ONLY

INSTRUCTIONS TO SUBSCRIBER

	1. 	
      All purchasers must complete all the information in
      the boxes on page 1 and sign where indicated with an
  “X”.

	 	 
	2. 	
      If the subscriber is an accredited investor, then
      complete the “Accredited Investor Questionnaire” that starts on
      page 4.

	 	 
	3. 	
      If the purchaser is not an accredited investor,
      and not purchasing a minimum of $150,000 in value of securities, complete
      the “Friends and Family” Questionnaire that starts on page
  7.

	 	 
	4. 	
      Purchasers purchasing a minimum of $150,000 in value
      of securities may subscribe without filling in an Accredited Investor or
      Friends and Family Questionnaire.

	 	 
	5. 	
      Terms of this offering and payment provisions are set
      out starting on page 2.

This is Page 1 of 16 pages of a subscription agreement and
related appendices, schedules and forms. Collectively, these pages together are
referred to as the “Subscription Agreement”.

PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT

	
      TO: 
	
      CANDEV RESOURCE EXPLORATION, INC. (the “Issuer”),
      Suite 2200 – 1177 West Hastings Street, Vancouver, BC V6E 2K3
  

Subject and pursuant to the terms set out in the Terms on pages
9 to 10, the General Provisions on pages 11 to 18 and
the other appendices, acknowledgements, provisions and forms attached which are
hereby incorporated by reference, the undersigned purchaser (the
“Subscriber”) hereby irrevocably subscribes for, and on Closing will
purchase from the Issuer, the following securities at the following price:

	_____________________Units 
	USD $0.15 per Unit for a total purchase price of USD $
      _______________________________
	The Subscriber owns, directly or indirectly, the following
      securities of the Issuer: 
	 
    
	[Check if applicable] The Subscriber is [ ] an insider
      of the Issuer or [ ] a member of the professional group

The Subscriber directs the Issuer to issue, register and deliver
the certificates representing the Purchased Securities as follows:

	REGISTRATION INSTRUCTIONS 	 	DELIVERY INSTRUCTIONS 
	 	 	 
	Name to appear on
      certificate 	 	Name
      and account reference, if applicable 
	 	 	 
	Account reference if
      applicable 	 	Contact
      name 
	 	 	 
	Address 	 	Address
    
	 	 	 
	  	 	Telephone Number 

EXECUTED by the Subscriber this _______day of
______________, 2009. By executing this Subscription Agreement, the Subscriber
certifies that the Subscriber and any beneficial Subscriber for whom the
Subscriber is acting is resident in the jurisdiction shown as the “Address of
Subscriber”. 

	WITNESS: 	 	EXECUTION BY SUBSCRIBER: 
	 	 	X 
	Signature of Witness
    	 	Signature of individual (if Subscriber is an
      individual) 
	 	 	X 
	Name of Witness 	 	Authorized signatory (if Subscriber is not an
      individual) 
	 	 	  
	Address of Witness
    	 	Name of
      Subscriber (please print) 
	 	 	  
	 	 	Name of
      authorized signatory (please print) 
	Accepted this day of
      ______________, 2009 	 	  
	CANDEV RESOURCE
      EXPLORATION, INC. 	 	Address
      of Subscriber (residence) 
	Per: 	 	  
	 	 	Telephone Number 
	Authorized Signatory
    	 	  
	 	 	E-mail
      address 
	 	 	  
	 	 	Social Security/Insurance No.:

By signing this acceptance, the Issuer agrees to be bound by
the Terms on pages 2 to 3, the General Provisions on pages 8 to 15 and the other
schedules and appendices incorporated by reference.

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 2 of 16 

TERMS

	Reference date of this Subscription
      Agreement 	________________, 2009 (the
      “Agreement Date”) 
		  	  
	  	  	  
	  THE OFFERING 
	  	
      
	
      

	  	
      
	
      

	  	
      
	
      

	The Issuer 	
      Candev Resource Exploration, Inc. (the “Issuer”)
      

	  	
      
	
      

	Offering 	
      The offering consists of units of the Issuer (the
      “Units”) at a price of $0.15 per Unit, each Unit comprising of one
      share of common stock (a “Share”) of the Issuer and one common
      share purchase warrant (each a “Warrant”). Each Warrant entitles
      the Subscriber to purchase one additional share of common stock of the
      Issuer (a “Warrant Share”) at a price of $0.30 for a period of two
      years from Closing. 

	  	
      
	
      

	Purchased Securities 	
      The “Purchased Securities” under this Subscription
      Agreement are Shares and Warrants of the Issuer. 

	  	
      
	
      

	Securities 	
      “Securities” are the Shares, the Warrants and the
      Warrant Shares issued upon exercise of the Warrants. 

	  	
      
	
      

	No Minimum or Maximum 	
      There is no minimum or maximum offering. The Issuer may
      close on any subscription amounts it receives and it may close the
      offering in tranches. 

	  	
      
	
      

	Issue Price 	
      $0.15 per Unit 

	  	
      
	
      

	Warrants 	
      The certificates representing the Warrants will, among
      other things, include provisions for the appropriate adjustment in the
      class, number and price of the Warrant Shares issued upon exercise of the
      Warrants upon the occurrence of certain events, including any subdivision,
      consolidation or reclassification of the Issuer’s shares of common stock,
      the payment of stock dividends and the amalgamation of the Issuer. The
      issue of the Warrants will not restrict or prevent the Issuer from
      obtaining any other financing, or from issuing additional securities or
      rights, during the period within which the Warrants may be exercised.
    

	  	
      
	
      

	Selling Jurisdictions 	
      The Units may be sold in jurisdictions where they may be
      lawfully sold in  Canada (the ”Selling Jurisdictions”).
  

	  	
      
	
      

	Exemptions 	
      The offering will be made in accordance with the
      following exemptions: 

	 	
       

		
      (a) 
	
      the “accredited investor” exemption in Canada (section
      2.3 of National Instrument 45-106); 

	  	
      
	
      

		
      (b) 
	
      the “friends and family” exemption in Canada (section 2.5
      of National Instrument 45-106); 

	  	
      
	
      

		
      (c) 
	
      the “$150,000 purchaser” exemption in Canada (section
      2.10 of National Instrument 45-106); and 

	  	
      
	
      

		
      (d) 
	
      such other exemptions as may be available the securities
      laws of the Selling Jurisdictions. 

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 3 of 16 

	Resale restrictions and legends 	
      The Subscriber acknowledges that the certificates
      representing the Purchased Securities will bear the following legends:
    

	  	
       
	
       

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

	  	
       
	
       

		
       
	
  UNLESS OTHERWISE PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY IN OR FROM BRITISH COLUMBIA UNLESS (A) THE SECURITY HOLDER TRADES THE SECURITY THROUGH AN INVESTMENT DEALER REGISTERED IN BRITISH COLUMBIA FROM AN ACCOUNT AT THAT DEALER IN THE NAME OF THAT SECURITY HOLDER, AND (B) THE DEALER EXECUTES THE TRADE THROUGH THE OTC BULLETIN BOARD OR PINK SHEETS” 

	  	
       
	
       

		
      Subscribers are advised to consult with their own legal
      counsel or advisors to determine the resale restrictions that may be
      applicable to them. 

	  	
       

	Closing Date 	
      The completion of the sale and purchase of the Units will
      take place in one or more closings, on a date or dates as agreed to by the
      Issuer and the Subscriber. Payment for, and delivery of the Units, is
      scheduled to occur on or about _____________ , 2009 or such later date as
      determined by the Issuer (the “Closing Date”). 

	  	
       

	Payment of Subscription Funds 	
      Subscribers are required to deliver this executed
      Subscription Agreement to the Issuer and pay the subscription funds
      directly to the Issuer. Please make all cheques payable to Candev Resource
      Exploration, Inc. 

	  	
       

	 THE ISSUER 
	  	
       

	Jurisdiction of organization 	
      The Issuer is incorporated under the laws of the State of
      Nevada. 

	  	
       

	Stock Exchange Listings 	
      The Issuer’s securities are quoted on the FINRA
      Over-the-Counter Bulletin Board under the symbol “CVRX.OB”.
  

End of Terms

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 4 of 16 

NATIONAL INSTRUMENT 45-106

ACCREDITED INVESTOR QUESTIONNAIRE

The purpose of this Questionnaire is to assure Candev
Resource Exploration, Inc. (the “Issuer”) that the undersigned (the
“Subscriber”) will meet certain requirements for the registration and
prospectus exemptions provided for under National Instrument 45-106 -
Prospectus and Registration Exemptions (“NI 45-106”), as adopted
by the Securities Commissions in Canada, in respect of a proposed private
placement of securities by the Issuer (the “Transaction”). The Issuer
will rely on the information contained in this Questionnaire for the purposes of
such determination.

The undersigned Subscriber covenants, represents and warrants
to the Issuer that:

		1. 	
      the Subscriber has such knowledge and experience in
      financial and business matters as to be capable of evaluating the merits
      and risks of the Transaction and the Subscriber is able to bear the
      economic risk of loss arising from such Transaction; 

		2. 	
      the Subscriber satisfies one or more of the categories of
      “accredited investor” (as that term is defined in NI 45-106) indicated
      below (please check the appropriate box): 

			
      [ ] 
	
      (a) 
	
      a Canadian financial institution as defined in National
      Instrument 14-101, or an authorized foreign bank listed in Schedule III of
      the Bank Act (Canada); 

			
      [ ] 
	
      (b) 
	
      the Business Development Bank of Canada incorporated
      under the Business Development Bank Act (Canada); 

			
      [ ] 
	
      (c) 
	
      a subsidiary of any person referred to in any of the
      foregoing categories, if the person owns all of the voting securities of
      the subsidiary, except the voting securities required by law to be owned
      by directors of that subsidiary; 

			
      [ ] 
	
      (d) 
	
      an individual registered or formerly registered under
      securities legislation in a jurisdiction of Canada, as a representative of
      a person or company registered under securities legislation in a
      jurisdiction of Canada, as an adviser or dealer, other than a limited
      market dealer registered under the Securities Act (Ontario) or the
      Securities Act (Newfoundland); 

			
      [ ] 
	
      (e) 
	
      an individual registered or formerly registered under the
      securities legislation of a jurisdiction of Canada as a representative of
      a person referred to in paragraph (d); 

			
      [ ] 
	
      (f) 
	
      the government of Canada or a province, or any crown
      corporation or agency of the government of Canada or a province;

			
      [ ] 
	
      (g) 
	
      a municipality, public board or commission in Canada and
      a metropolitan community, school board, the Comite de gestion de la taxe
      scholaire de l’ile de Montreal or an intermunicipal management board in
      Québec; 

			
      [ ] 
	
      (h) 
	
      a national, federal, state, provincial, territorial or
      municipal government of or in any foreign jurisdiction, or any agency
      thereof; 

			
      [ ] 
	
      (i) 
	
      a pension fund that is regulated by either the Office of
      the Superintendent of Financial Institutions (Canada) or a pension
      commission or similar regulatory authority of a jurisdiction of Canada;
      

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 5 of 16 

			[ ] 	(j) 	
      an individual who either alone or with a spouse
      beneficially owns, directly or indirectly, financial assets (as defined in
      NI 45-106) having an aggregate realizable value that, before taxes but net
      of any related liabilities, exceeds CDN $1,000,000; 

			[ ] 	(k) 	
      an individual whose net income before taxes exceeded CDN
      $200,000 in each of the two more recent calendar years or whose net income
      before taxes combined with that of a spouse exceeded CDN$300,000 in each
      of those years and who, in either case, reasonably expects to exceed that
      net income level in the current calendar year; 

			[ ] 	(l) 	
      an individual who, either alone or with a spouse, has net
      assets of at least CDN $5,000,000; 

			[ ] 	(m) 	
      a person, other than an individual or investment fund,
      that had net assets of at least CDN $5,000,000 as reflected on its most
      recently prepared financial statements; 

			[ ] 	(n) 	
      an investment fund that distributes it securities only to
      persons that are accredited investors at the time of distribution, a
      person that acquires or acquired a minimum of CDN $150,000 of value in
      securities, or a person that acquires or acquired securities under
      Sections 2.18 or 2.19 of NI 45-106; 

			[ ] 	(o) 	
      an investment fund that distributes or has distributed
      securities under a prospectus in a jurisdiction of Canada for which the
      regulator or, in Québec, the securities regulatory authority, has issued a
      receipt; 

			[ ] 	(p) 	
      a trust company or trust corporation registered or
      authorized to carry on business under the Trust and Loan Companies Act
      (Canada) or under comparable legislation in a jurisdiction of Canada or a
      foreign jurisdiction, acting on behalf of a fully managed account managed
      by the trust company or trust corporation, as the case may be; 

			[ ] 	(q) 	
      a person acting on behalf of a fully managed account
      managed by that person, if that person (i) is registered or authorized to
      carry on business as an adviser or the equivalent under the securities
      legislation of a jurisdiction of Canada or a foreign jurisdiction, and
      (ii) in Ontario, is purchasing a security that is not a security of an
      investment fund; 

			[ ] 	(r) 	
      a registered charity under the Income Tax Act (Canada)
      that, in regard to the trade, has obtained advice from an eligibility
      advisor or an advisor registered under the securities legislation of the
      jurisdiction of the registered charity to give advice on the securities
      being traded; 

			[ ] 	(s) 	
      an entity organized in a foreign jurisdiction that is
      analogous to any of the entities referred to in paragraphs (a) to (d) or
      paragraph (i) in form and function; 

			[ ] 	(t) 	
      a person in respect of which all of the owners of
      interests, direct, indirect or beneficial, except the voting securities
      required by law are persons or companies that are accredited investors.
      

			[ ] 	(u) 	
      an investment funds that is advised by a person
      registered as an advisor or a person that is exempt from registration as
      an advisor; or 

			[ ] 	(v) 	
      a person that is recognized or designated by the
      securities regulatory authority or, except in Ontario and Québec, the
      regulator as (i) an accredited investor, or (ii) an exempt purchaser in
      Alberta or British Columbia after this instrument comes into force;
  

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 6 of 16 

The Subscriber acknowledges and agrees that the Subscriber may
be required by the Company to provide such additional documentation as may be
reasonably required by the Company and its legal counsel in determining the
Subscriber’s eligibility to acquire the Purchased Securities under Applicable
Legislation.

IN WITNESS WHEREOF, the undersigned has executed this
Questionnaire as of the _____day of _______________, 2009.

	If a Corporation, Partnership or Other Entity: 	 	If an Individual: 
	 	 	 
	  	 	X
  
	Print or Type Name of Entity 	 	Signature 
	 	 	 
	X 	 	 
    
	Signature of Authorized Signatory 	 	Print or Type Name 
	  	 	  
	Type of Entity 	 	Telephone number 
	  	 	  
	Social Insurance Number or Tax ID 	 	Address 
	  	 	  
	  	 	Address 

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 7 of 16 

FAMILY, FRIENDS AND BUSINESS ASSOCIATES QUESTIONNAIRE

If the Subscriber is resident in a Canadian province or
territory other than Ontario IS NOT PURCHASING MORE THAN CDN $150,000 IN VALUE
OF SECURITIES and is not an Accredited Investor, he or she is to check one or
more of the following boxes, as appropriate:

	 	(A) 	
      a director, officer, employee or control person of the
      Issuer
	 [ ]
	 	 	 	 
	 	(B) 	
      a spouse, parent, grandparent, brother, sister or child
      of a director, senior officer or control person of the Issuer
	 [ ]
	 	 	 	 
	 	(C) 	
      a close personal friend of a director, senior officer or
      control person of the Issuer
	 [ ]
	 	 	 	 
	 	(D) 	
      a close business associate of a director, senior officer
      or control person of the Issuer
	 [ ]

If the Subscriber is resident in Ontario, the Subscriber is
(tick one or more of the following boxes only if the Subscriber is resident in
Ontario):

	 	(A) 	
      a founder of the Issuer
	 [ ]
	 	 	 	 
	 	(B) 	
      an affiliate of a founder of the Issuer
	 [ ]
	 	 	 	 
	 	(C) 	
      a spouse, parent, brother, sister, grandparent or child
      of a director, executive officer or founder of the Issuer
	 [ ]
	 	 	 	 
	 	(D) 	
      a person that is a control person of the Issuer
	 [ ]
	 	 	 	 
	 	(E) 	
      an accredited investor
	 [ ]
	 	 	 	 
	 	(F) 	
      purchasing as principal Securities with an aggregate
      acquisition cost of not less than CDN $150,000
	 [ ]

If the Subscriber ticked boxes A-D above, name of director,
officer or employee of the Issuer with whom the Subscriber has a
relationship:

	 	 
	 	 
	 	 
	 	 
	Signature 	 
	 	 
	 	 
	Print or Type Name of Entity or Individual 	 

Date: _______________________, 2009

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 8 of 16 

GENERAL PROVISIONS

1. DEFINITIONS

1.1 In the Subscription Agreement (including the first (cover)
page, the Terms on pages 2 to 3, the General Provisions on pages 8 to 15 and the
other schedules and appendices incorporated by reference), the following words
have the following meanings unless otherwise indicated:

	 	(a) 	
      “1933 Act” means the United States Securities Act
      of 1933, as amended;

	 	 	 
	 	(b) 	
      “Applicable Legislation” means, as applicable, the
      securities laws, regulations, rules, rulings and orders in the Selling
      Jurisdictions and in jurisdictions where the Issuer is a reporting issuer
      and all applicable administrative policy statements issued by the
      securities regulatory authorities in each of the Selling Jurisdictions and
      in jurisdictions where the Issuer is a reporting issuer;

	 	 	 
	 	(c) 	
      “Closing” means the completion of the sale and
      purchase of the Purchased Securities;

	 	 	 
	 	(d) 	
      “Closing Date” has the meaning assigned in the
      Terms;

	 	 	 
	 	(e) 	
      “Commissions” means the securities regulatory
      authorities in each of the Selling Jurisdictions in Canada and in
      jurisdictions where the Issuer is a reporting issuer;

	 	 	 
	 	(f) 	
      “FINRA” means the United States Financial Industry
      Regulatory Authority;

	 	 	 
	 	(g) 	
      “General Provisions” means those portions of the
      Subscription Agreement headed “General Provisions” and contained on
      pages 8 to 15;

	 	 	 
	 	(h) 	
      “OTC Bulletin Board” means the FINRA
      Over-the-Counter Bulletin Board;

	 	 	 
	 	(i) 	
      “Private Placement” means the offering of the
      Purchased Securities on the terms and conditions of this Subscription
      Agreement;

	 	 	 
	 	(j) 	
      “Purchased Securities” has the meaning assigned in
      the Terms;

	 	 	 
	 	(k) 	
      “Regulatory Authorities” means the
    Commissions;

	 	 	 
	 	(l) 	
      “Regulation S” means Regulation S promulgated
      under the 1933 Act;

	 	 	 
	 	(m) 	
      “SEC” means the United States Securities and
      Exchange Commission;

	 	 	 
	 	(n) 	
      “Securities” has the meaning assigned in the
      Terms;

	 	 	 
	 	(o) 	
      “Subscription Agreement” means the first (cover)
      page, the Terms on pages 2 to 3, the General Provisions on pages 8 to 15
      and the other schedules and appendices incorporated by reference;
    and,

	 	 	 
	 	(p) 	
      “Terms” means those portions of the Subscription
      Agreement headed “Terms” and contained on pages 2 to
3.

1.2 In the Subscription Agreement, the following terms have the
meanings defined in Regulation S: “Directed Selling Efforts”, “Foreign
Issuer”, “Substantial U.S. Market Interest”, “U.S. Person” and
“United States”.

1.3 In the Subscription Agreement, unless otherwise specified,
currencies are indicated in U.S. dollars.

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 9 of 16 

1.4 In the Subscription Agreement, other words and phrases that
are capitalized have the meanings assigned to them in the body hereof.

2. ACKNOWLEDGEMENTS, REPRESENTATIONS AND WARRANTIES OF
SUBSCRIBER

2.1 Acknowledgements concerning offering

The Subscriber acknowledges that:

	 	(a) 	
      none of the Securities have been registered under the
      1933 Act, or under any state securities or “blue sky” laws of any state of
      the United States, and, unless so registered, may not be offered or sold
      in the United States or, directly or indirectly, to a U.S. Person, except
      in accordance with the provisions of Regulation S, pursuant to an
      effective registration statement under the 1933 Act, or pursuant to an
      exemption from, or in a transaction not subject to, the registration
      requirements of the 1933 Act and in each case in accordance with
      applicable state and provincial securities laws;

	 	 	 	 
	 	(b) 	
      the Issuer has advised the Subscriber that the Issuer is
      relying on an exemption from the requirements to provide the Subscriber
      with a prospectus and to sell securities through a person registered to
      sell securities under the Applicable Legislation and, as a consequence of
      acquiring securities pursuant to this exemption, certain protections,
      rights and remedies provided by the Applicable Legislation, including, in
      most circumstances, statutory rights of rescission or damages, will not be
      available to the Subscriber;

	 	 	 	 
	 	(c) 	
      the Subscriber acknowledges that the Issuer has not
      undertaken, and will have no obligation, to register any of the Securities
      under the 1933 Act;

	 	 	 	 
	 	(d) 	
      no prospectus has been or is intended to be filed by the
      Issuer with the Commissions in connection with the issuance of the
      Purchased Securities, the issuance is intended to be exempted from the
      prospectus and registration requirements of the Applicable Legislation and
      as a consequence of acquiring the Purchased Securities pursuant to these
      exemptions:

	 	 	 	 
	 		
      (i) 
	
      the Subscriber is restricted from using most of the civil
      remedies available under the Applicable Legislation;

	 	 	
       
	 
	 		
      (ii) 
	
      the Subscriber may not receive information that would
      otherwise be required to be provided to the Subscriber under the
      Applicable Legislation; and

	 	 	
       
	 
	 		
      (iii) 
	
      the Issuer is relieved from certain obligations that
      would otherwise apply under the Applicable Legislation;

	 	 	 	 
	 	(e)	
      the decision to execute this Agreement and acquire the
      Purchased Securities hereunder has not been based upon any oral or written
      representation as to fact or otherwise made by or on behalf of the Issuer,
      and such decision is based entirely upon a review of information (the
      receipt of which is hereby acknowledged) which has been filed by the
      Issuer with the SEC;

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

	 	 	 
	 	(g)	
      the Subscriber is aware that an investment in the Issuer
      is speculative and involves certain risks, including the possible loss of
      the entire investment and it has carefully read and considered the matters
      set forth under the heading “Risk Factors” appearing in the Company’s
      Forms 10-K, 10-Q, 8-K and any other filings filed from time to time with
      the SEC;

	 	 	 
	 	(h)	
      there is no government or other insurance covering any of
      the Purchased Securities;

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 10 of 16 

	 	(i) 	
      there are risks associated with the purchase of the
      Securities and the Subscriber is knowledgeable or experienced in business
      and financial matters and is capable of evaluating the merits and risks of
      an investment in the Purchased Securities and is capable of bearing the
      economic risk of the investments;

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

	 	 	 
	 	(k) 	
      the Subscriber and the Subscriber’s advisor(s) have had a
      reasonable opportunity to ask questions of and receive answers from the
      Issuer in connection with the distribution of the Purchased Securities
      hereunder, and to obtain additional information, to the extent possessed
      or obtainable without unreasonable effort or expense, necessary to verify
      the accuracy of the information about the Issuer;

	 	 	 
	 	(l) 	
      the books and records of the Issuer were available upon
      reasonable notice for inspection, subject to certain confidentiality
      restrictions, by the Subscriber during reasonable business hours at its
      principal place of business, and all documents, records and books in
      connection with the distribution of the Purchased Securities hereunder
      have been made available for inspection by the Subscriber, the
      Subscriber’s lawyer and/or advisor(s);

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

	 	 	 
	 	(n) 	
      the Purchased Securities are not listed on any stock
      exchange or automated dealer quotation system and no representation has
      been made to the Subscriber that any of the Purchased Securities will
      become listed on any stock exchange or automated dealer quotation system,
      except that currently market makers make a market for the Issuer’s common
      shares on the FINRA’s OTC Bulletin Board;

	 	 	 
	 	(o) 	
      the Issuer will refuse to register any transfer of the
      Securities not made in accordance with the provisions of Regulation S,
      pursuant to an effective registration statement under the 1933 Act or
      pursuant to an available exemption from the registration requirements of
      the 1933 Act and in accordance with applicable state and provincial
      securities laws;

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

	 	 	 
	 	(q) 	
      The Subscriber hereby acknowledges that upon the issuance
      thereof, and until such time as the same is no longer required under the
      applicable securities laws and regulations, the certificates representing
      any of the Securities will bear a legend in substantially the following
      form:

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 11 of 16 

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

	 	 	 	 
	 		
      UNLESS OTHERWISE PERMITTED UNDER SECURITIES
      LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY IN OR
      FROM BRITISH COLUMBIA UNLESS (A) THE SECURITY HOLDER TRADES THE SECURITY
      THROUGH AN INVESTMENT DEALER REGISTERED IN BRITISH COLUMBIA FROM AN
      ACCOUNT AT THAT DEALER IN THE NAME OF THAT SECURITY HOLDER, AND (B) THE
      DEALER EXECUTES THE TRADE THROUGH THE OTC BULLETIN BOARD OR PINK
      SHEETS”

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

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

	 	 	 	 
	 		(ii) 	
      applicable resale restrictions;
and

1.2 this Agreement is not enforceable by the Subscriber unless
it has been accepted by the Issuer, and the Subscriber acknowledges and agrees
that the Issuer reserves the right to reject any subscription for any
reason.

2.2 Representations by the Subscriber 

The Subscriber represents and warrants to the Issuer that, as
at the Agreement Date and at the Closing:

	 	(a) 	
      the Subscriber is not a person created or used solely to
      purchase or hold securities in order to comply with an exemption from the
      prospectus requirements of Applicable Legislation and if the Subscriber is
      not an individual, it pre-existed the Offering and has a bona fide purpose
      other than investment in the Purchased Securities;

	 	 	 
	 	(b) 	
      in the case of the purchase by the Subscriber of the
      Purchased Securities as agent or trustee for any principal, the Subscriber
      is the duly authorized trustee or agent of such beneficial Subscriber with
      due and proper power and authority to execute and deliver, on behalf of
      each such beneficial purchaser, this Subscription Agreement and all other
      documentation in connection with the purchase of the Purchased Securities
      hereunder, to agree to the terms and conditions herein and therein set out
      and to make the representations, warranties, acknowledgements and
      covenants herein and therein contained, all as if each such beneficial
      purchaser were the Subscriber and is

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 12 of 16 

	 		
      subscribing as principal for its own account and not for
      the benefit of any other person for investment only and not for resale and
      the Subscriber’s actions as trustee or agent are in compliance with
      applicable law and the Subscriber and each beneficial purchaser
      acknowledges that the Issuer may be required by law to disclose to certain
      regulatory authorities the identity of each beneficial purchaser of
      Purchased Securities for whom it may be acting;

	 	 	 
	 	(c) 	
      the Subscriber and any beneficial purchaser for whom it
      is acting is resident in the jurisdiction set out on the execution page of
      this Subscription Agreement, such address was not created and is not used
      solely for the purpose of acquiring the Purchased Securities and the
      Subscriber was solicited to purchase in such jurisdiction;

	 	 	 
	 	(d) 	
      the Subscriber has properly completed, executed and
      delivered the applicable form(s) set forth on pages 4 to 7 of this
      Agreement and such forms contain information about the Subscriber that is
      true and accurate as of the date of signing and will be true and correct
      as at the Closing Date;

	 	 	 
	 	(e) 	
      the Subscriber has not received, nor has the Subscriber
      requested, nor does the Subscriber have any need to receive, any offering
      memorandum, or any other document describing the business and affairs of
      the Issuer in order to assist the Subscriber in making an investment
      decision in respect of the Purchased Securities and the Subscriber has not
      become aware of any advertisement in printed media of general and regular
      paid circulation, radio or television with respect to the distribution of
      the Purchased Securities;

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

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

	 	 	 
	 	(h) 	
      the Subscriber has duly executed and delivered this
      Agreement and it constitutes a valid and binding agreement of the
      Subscriber enforceable against the Subscriber in accordance with its
      terms;

	 	 	 
	 	(i) 	
      the Subscriber is not acquiring the Purchased Securities
      for the account or benefit of, directly or indirectly, any U.S.
    Person;

	 	 	 
	 	(j) 	
      the Subscriber is not a U.S. Person;

	 	 	 
	 	(k) 	
      the Subscriber is resident in the jurisdiction set out
      under the heading “Name and Address of Subscriber” on the signature page
      of this Agreement;

	 	 	 
	 	(l) 	
      the sale of the Purchased Securities to the Subscriber as
      contemplated in this Agreement complies with or is exempt from the
      applicable securities legislation of the jurisdiction of residence of the
      Subscriber;

	 	 	 
	 	(m) 	
      the Subscriber is acquiring the Purchased Securities for
      investment only and not with a view to resale or distribution and, in
      particular, it has no intention to distribute either directly or
      indirectly any of the Securities in the United States or to U.S.
      Persons;

	 	 	 
	 	(n) 	
      the Subscriber is outside the United States when
      receiving and executing this Agreement and is acquiring the Purchased
      Securities as principal for the Subscriber’s own account, for
      investment

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 13 of 16 

	 		
      purposes only, and not with a view to, or for, resale,
      distribution or fractionalisation thereof, in whole or in part, and no
      other person has a direct or indirect beneficial interest in such
      Securities;

	 	 	 
	 	(o) 	
      the Subscriber is not an underwriter of, or dealer in,
      the common shares of the Issuer, nor is the Subscriber participating,
      pursuant to a contractual agreement or otherwise, in the distribution of
      the Purchased Securities;

	 	 	 
	 	(p) 	
      the Subscriber(i) is able to fend for him/her/itself in
      the Subscription; (ii) has such knowledge and experience in business
      matters as to be capable of evaluating the merits and risks of its
      prospective investment in the Securities; and (iii) has the ability to
      bear the economic risks of its prospective investment and can afford the
      complete loss of such investment;

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

	 	 	 
	 	(r) 	
      the Subscriber understands and agrees that none of the
      Securities have been registered under the 1933 Act, or under any state
      securities or “blue sky” laws of any state of the United States, and,
      unless so registered, may not be offered or sold in the United States or,
      directly or indirectly, to U.S. Persons except in accordance with the
      provisions of Regulation S, pursuant to an effective registration
      statement under the 1933 Act, or pursuant to an exemption from, or in a
      transaction not subject to, the registration requirements of the 1933
      Act;

	 	 	 
	 	(s) 	
      the Subscriber understands and agrees that offers and
      sales of any of the Securities prior to the expiration of a period of six
      months after the date of original issuance of the Securities (the six
      month period hereinafter referred to as the “Distribution Compliance
      Period”) shall only be made in compliance with the safe harbor provisions
      set forth in Regulation S, pursuant to the registration provisions of the
      1933 Act or an exemption therefrom, and that all offers and sales after
      the Distribution Compliance Period shall be made only in compliance with
      the registration provisions of the 1933 Act or an exemption therefrom and
      in each case only in accordance with Applicable Legislation;

	 	 	 
	 	(t) 	
      the Subscriber understands and agrees not to engage in
      any hedging transactions involving any of the Securities unless such
      transactions are in compliance with the provisions of the 1933 Act and in
      each case only in accordance with applicable state and provincial
      securities laws;

	 	 	 
	 	(u) 	
      the Subscriber understands and agrees that the Issuer
      will refuse to register any transfer of the Securities not made in
      accordance with the provisions of Regulation S, pursuant to an effective
      registration statement under the 1933 Act or pursuant to an available
      exemption from the registration requirements of the 1933 Act;

	 	 	 
	 	(e) 	
      if required by applicable securities legislation, policy
      or order or by any securities commission, stock exchange or other
      regulatory authority, the Subscriber will execute, deliver, file and
      otherwise assist the Issuer in filing, such reports, undertakings and
      other documents with respect to the issuance of the Securities as may be
      required; and

	 	 	 
	 	(f) 	
      the funds representing the aggregate subscription price
      for the Purchased Securities which will be advanced by the Subscriber
      hereunder will not represent proceeds of crime for the purposes of
    the

	 	 	 
	 		
      Proceeds of Crime (Money Laundering) and Terrorist
      Financing Act (Canada) and the Subscriber acknowledges that the Issuer
      may in the future be required by law to disclose the Subscriber’s name and
      other information relating to this Subscription Agreement and the
      Subscriber’s

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 14 of 16 

	 		
      subscription hereunder, on a confidential basis, pursuant
      to such Act. To the best of its knowledge: (a) none of the subscription
      funds to be provided by the Subscriber (i) have been or will be derived
      from or related to any activity that is deemed criminal under the law of
      Canada, the United States, or any other jurisdiction, or (ii) are being
      tendered on behalf of a person or entity who has not been identified to
      the Subscriber; and (b) the Subscriber shall promptly notify the Issuer if
      the Subscriber discovers that any of such representations ceases to be
      true, and to provide the Issuer with appropriate information in connection
      therewith.

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

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

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

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

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

	 	 	 	 
	 		(iv) 	
      that any of the Securities will be listed and posted for
      trading on any stock exchange or automated dealer quotation system or that
      application has been made to list and post any of the Securities of the
      Issuer on any stock exchange or automated dealer quotation
  system.

2.3 Reliance, indemnity and notification of changes

The representations and warranties in the Subscription
Agreement (including the first (cover) page, the Terms on pages 2 to 3, the
General Provisions on pages 8 to 15 and the other schedules and appendices
incorporated by reference) are made by the Subscriber with the intent that they
be relied upon by the Issuer in determining its suitability as a purchaser of
Purchased Securities, and the Subscriber hereby agrees to indemnify the Issuer
against all losses, claims, costs, expenses and damages or liabilities which any
of them may suffer or incur as a result of reliance thereon. The Subscriber
undertakes to notify the Issuer immediately of any change in any representation,
warranty or other information relating to the Subscriber set forth in the
Subscription Agreement (including the first (cover) page, the Terms on pages 2
to 3, the General Provisions on pages 8 to 15 and the other schedules and
appendices incorporated by reference) which takes place prior to the
Closing.

2.4 Survival of representations and warranties

The representations and warranties contained in this Section
will survive the Closing.

3. ISSUER’S ACCEPTANCE

The Subscription Agreement, when executed by the Subscriber,
and delivered to the Issuer, will constitute a subscription for Securities which
will not be binding on the Issuer until accepted by the Issuer by executing the
Subscription Agreement in the space provided on the face page(s) of the
Agreement and, notwithstanding the Agreement Date, if the Issuer accepts the
subscription by the Subscriber, the Subscription Agreement will be entered into
on the date of such execution by the Issuer.

4. CLOSING

4.1 The Subscriber acknowledges that, although Purchased
Securities may be issued to other purchasers under the Private Placement
concurrently with the Closing, there may be other sales of Purchased Securities
under the 

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 15 of 16 

Private Placement, some or all of which may close before or
after the Closing. The Subscriber further acknowledges that there is a risk that
insufficient funds may be raised on the Closing to fund the Issuer’s objectives
and that further closings may not take place after the Closing.

4.2 On or before the end of the fifth business day before the
Closing Date, the Subscriber will deliver to the Issuer the Subscription
Agreement and all applicable acknowledgements, provisions and required forms,
duly executed, and payment in full for the total price of the Purchased
Securities to be purchased by the Subscriber.

4.3 At Closing, the Issuer will deliver to the Subscriber the
certificates representing the Purchased Securities purchased by the Subscriber
registered in the name of the Subscriber or its nominee.

5. MISCELLANEOUS

5.1 The Subscriber agrees to sell, assign or transfer the
Securities only in accordance with the requirements of Applicable Legislation
and any legends placed on the Securities as contemplated by the Subscription
Agreement.

5.2 The Subscriber hereby authorizes the Issuer to correct any
minor errors in, or complete any minor information missing from any part of the
Subscription Agreement and any other schedules, forms, certificates or documents
executed by the Subscriber and delivered to the Issuer in connection with the
Private Placement.

5.3 The Issuer may rely on delivery by fax machine of an
executed copy of this subscription, and acceptance by the Issuer of such faxed
copy will be equally effective to create a valid and binding agreement between
the Subscriber and the Issuer in accordance with the terms of the Subscription
Agreement.

5.4 Without limitation, this subscription and the transactions
contemplated by this Subscription Agreement are conditional upon and subject to
the Issuer’s having obtained such regulatory approval of this subscription and
the transactions contemplated by this Subscription Agreement as the Issuer
considers necessary.

5.5 This Subscription Agreement is not assignable or
transferable by the parties hereto without the express written consent of the
other party to this Subscription Agreement.

5.6 Time is of the essence of this Subscription Agreement and
will be calculated in accordance with the provisions of the Interpretation
Act (British Columbia).

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

5.8 The parties to this Subscription Agreement may amend this
Subscription Agreement only in writing.

5.9 This Subscription Agreement enures to the benefit of and is
binding upon the parties to this Subscription Agreement and their successors and
permitted assigns.

5.10 A party to this Subscription Agreement will give all
notices to or other written communications with the other party to this
Subscription Agreement concerning this Subscription Agreement by hand or by
registered mail addressed to the address given on page 1.

5.11 This Subscription Agreement is to be read with all changes
in gender or number as required by the context.

5.12 This Subscription Agreement will be governed by and
construed in accordance with the laws of Nevada (without reference to its rules
governing the choice or conflict of laws), and the parties hereto irrevocably
attorn and submit to the exclusive jurisdiction of the courts of Nevada with
respect to any dispute related to this Subscription Agreement.

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 16 of 16 

End of General Provisions

End of Subscription AgreementConverted by EDGARwiz

                                      

Purchase Order Number: 062009

Date: June 15, 2009

Purchaser: COMEX LLC

PURCHASE ORDER

Payment and Freight Information

Vendor Name and Address

See Addendum A

Global Ecology Corp.

140 Smith Street, 5th Floor

Keasbey, NJ 08832

Invoice Address

Ship To

COMEX LLC

See Addendum A

[____________]

                                                                                                                                                                             Total Items on PO: 10

                                                                                                                                                             Item    Material      Quantity          Price/Unit             Delivery Date

Description

      USD

Value

            

                

Soil Additive 

See Addendum A   300,000 metric tons

$180 per metric ton         See Addendum A

                                                                                                                                                             

                                                                                                                                                                                                                                        

                                                                                                                                                             

TERM AND CONDITIONS

1.

ACCEPTANCE - This offer is subject to withdrawal at any time prior to communication of acceptance to Purchaser. Upon such acceptance, the terms set forth on this “Purchase Order” (P.O.) shall constitute the entire agreement relating to the purchase of the goods and materials “Soil Additive” (S.A.) ordered on the face hereof and shipment or delivery of said materials by Seller shall be deemed to be acceptance of said terms in their entirety. Seller will be notified of Purchaser's objection to any terms inconsistent herewith prior to final execution of this P.O. and to any additional terms proposed by Seller in accepting or acknowledging this order or otherwise and such terms shall not become a part of this agreement unless accepted in writing by both Purchaser and Seller. Neither Purchaser’s subsequent lack of objection to any such terms, nor the acceptance of materials ordered hereby, shall constitute or be deemed an agreement by Purchaser to any such terms.   Seller may not assign this order without Purchaser’s prior written consent. 

2.

SHIPMENT - Seller shall suitably contain, pack, mark, label and ship in accordance with all reasonable instructions from Purchaser and the requirements of common carriers to secure the lowest transportation costs possible. After agreeing to the proscribed conditions, Seller shall be liable for any difference in freight charges or damage to the materials caused by its failure to comply therewith, Purchaser may require Seller to send a Notice of Shipment giving the number of the order, kind and amount of materials, and route at or prior to time of shipment.

3.

FREIGHT, DUTIES' AND TAXES - All materials associated with the P.O. will be C.I.F. Kandla, India , originated from the Sellers manufacturing location in Juarez, Mexico. The Seller will arrange for all shipping and handling of the S.A. and the Seller will be responsible for freight or other carrying charges being paid in a timely manner to allow for efficient shipping which may include a prepaid bill of lading or equivalent shipping document (collectively, bill of lading.). Purchaser will withhold payment of Seller’s invoice until the date that all documentational conditions associated with this P.O.  have been fulfilled  The "recourse" clause on the bill of lading must not be signed, and any overcharges that may accrue will be for Seller's account if there is any delay in meeting the mutually agreed upon delivery schedule.  If required by Purchaser, Purchaser shall have the right to review and approve any bill of lading in advance and to require that any such bill of lading be in such form and content as Purchaser may require. The amounts payable by Purchaser to Seller set forth on the face of this Purchase Order exclude all applicable sales, use, consumption, transfer, excise, stamp, customs, value-added or similar taxes, duties, and charges.

4.

INSPECTION/RETURNS - All materials ordered herein shall be subject to inspection and testing by Purchaser at all reasonable times and places, prior to acceptance. Seller shall permit access to its facilities at all reasonable times for inspection of materials by Purchaser and will provide all tools, facilities, and assistance necessary at no additional cost to Purchaser. It is expressly agreed that inspections and/or payments prior to delivery shall not constitute final acceptance and that all materials shall be subject to final inspection after delivery to Purchaser. Purchaser may return any materials which are defective, unsatisfactory, or of inferior quality or workmanship, or fail to meet the specifications or other requirements of this Purchase Order or the Data as defined below. Materials delivered and rejected in whole or in part may, at Purchaser’s option if the Purchaser can clearly demonstrate failure of the Seller to have met the requirements as stated in Addendum A, be returned to Seller, at Seller’s risk and expense, for reimbursement, credit or replacement or may be held for disposition at Seller’s risk and expense. In addition to the Purchaser’s inspection, Seller will arrange S.G.S. or Equivalent Third Party Inspection for Quality and Quantity of All materials ordered prior to be loaded “on Board” and the Third Party Inspection Certificate for Quality and Quantity will be submitted as one of the negotiating documents at the time of negotiating the Documentary Letter of Credit at Negotiating Seller’s bank Counter.

5.

CONFORMANCE-TO-.ORDER WARRANTY - Seller represents and warrants that the materials will conform to the description and applicable specifications or standards (collectively, Data.), shall be of good merchantable quality and fit for the known purpose for which sold.  Seller warrants that the materials shall conform to any written statements or advertisements for such materials. This is in addition to any warranty, condition, representation or service guarantee offered by Seller or implied or provided by law (statutory or otherwise). If it appears that the S.A. does not conform to the warranties herein or to the associated Data, and if Purchaser notifies Seller within a reasonable time, Seller shall promptly correct such nonconformity to the satisfaction of Purchaser, at Seller’s sole expense including material, labor, and freight costs or will provide a mutually agreed upon discount to the Sales price of the S.A.. If Seller fails to correct defects is or replace nonconforming materials promptly, Purchaser, after reasonable notice to Seller, may take appropriate actions and charge the Seller for any reasonable cost incurred. 

6.

INFRINGEMENT WARRANTY - Seller represents and warrants that no article or articles furnished hereunder, or the use thereof, infringe any patent, trademark or other intellectual property rights, that it will defend any suit that may arise in respect thereto, and that it will indemnify and hold harmless the Purchaser, and any subsidiary or affiliated company thereof, from and against any and all losses, damages, claims, liabilities, costs, fees and expenses, including without limitation attorney’s fees, court Costs and penalties (whether levied by a foreign, or domestic governmental body), that may be incurred by the assertion of any patent, trademark or other intellectual property rights by other persons. This clause shall be considered inapplicable to agreements covering basic raw materials and basic structural material that are unpatented and un-patentable. 

7.

COMPLIANCE-WITH-LAW WARRANTIES

a.

This Purchase Order refers to a S.A.  manufactured items or to services/work, Seller warrants and agrees that, if applicable, it has complied, and will comply, with (1) the Fair Labor Standards Act as amended, (2) Social Security and Workmen's Compensation Laws as amended or (3) all other laws, codes, regulations, rules and orders as required by the country in which the S.A. is produced. 

b.

Seller recognizes that Purchaser (and any subsidiary or affiliated company thereof) requires its suppliers of goods and services to be equal opportunity employers and not to discriminate against any employee or applicant for employment because of race, color, religion, sex, or national origin.  This Purchase Order specifically incorporates and makes a part hereof all the provisions of Executive Order 11246, as amended, which among other things, prohibits such discrimination, and requires Affirmative Action planning. The Seller also shall be bound by and agreed to all the provisions of 38 U.S.C. Section 2012 and Executive Order 11701 38 ER 2575 which prohibits discrimination on the basis of Vietnam era or disabled veteran status, and Section 503 of the Rehabilitation Act of 1973 which prohibits discrimination on the basis of handicaps.  Further, the Seller agrees to maintain non-segregated facilities for all employees, and where applicable, assure that known minority business enterprises will have equitable opportunity is be considered for subcontracts for goods and services.

c.

This Purchase Order relates to the purchase of a S.A. that may be intended for the use of which results or may reasonably be expected to result, directly or indirectly, in its becoming a component or otherwise affecting the characteristics of any food (including any substance intended for use in producing or growing food). Seller hereby guarantees that, as of the date of shipment or delivery, the article comprising each shipment or other delivery hereafter made by Seller to, or on the order of Purchaser, is, on such date approved by the USDA as a nutritional soil additive, (1) not adulterated or misbranded; (2) not an article which may not, under the applicable provisions of said Act, be introduced into Interstate Commerce; and (3) in conformance with the requirements of all applicable laws and regulations including the: the Fair Packaging and Labeling Act, the Federal Insecticide, Fungicide, and Rodenticide Act.

8.

INDEMNITY - Seller agrees to indemnify, defend and hold harmless Purchaser, and any subsidiary or affiliated company thereof, from and against any and all losses, damages, claims, liabilities, costs, fees and expenses, including without limitation attorney’s fees, court costs and penalties (whether levied by a foreign or domestic governmental body), that may be asserted by reason of Purchaser's use of Seller's products (exclusively as a soil additive or top soil without modification(s)) or services/work or incorporation of Seller’s products into Purchaser’s own products and subsequent sale of those products. 

9.

GOVERNING LAW AND ARBITRATION - This Purchase Order and all exhibits and/or attachments hereto will be governed by, and interpreted and enforced in accordance with, the laws of the State of New Jersey without reference to the principles of conflicts of laws. The parties expressly exclude the application of the United Nations Convention on Contracts for the International Sale of Goods or any other International convention governing sales of goods. Any disputes or differences occurring between the parties arising out of or in any way relating to this Purchase Order, or their rights and responsibilities to each other, will be settled by arbitration under the then current rules of the American Arbitration Association. The decision and award of the arbitrators) will be final and binding and the award so rendered may be entered in any court having jurisdiction thereof. The place of arbitration will be New Jersey, or any other place selected by mutual agreement of the parties. Nothing in the foregoing requirement that disputes or differences be submitted to arbitration will prohibit the right to seek provisional or equitable relief from any court having jurisdiction over the parties, including injunctive relief, pending a final award issued by the arbitrator(s); provided, however, this right is not intended to nor will it usurp the obligation of the parties to otherwise resolve such differences in accordance with this paragraph.

10.

CERTIFICATE OF ORIGIN - Seller, if it is providing materials from a country that is signatory to NAFTA, represents and warrants that the materials will qualify for the appropriate NAFT'A tariff treatment, if applicable, and will provide Purchaser with a valid Certificate of Origin. Seller shall indemnify, defend and hold harmless Purchaser, and any subsidiary or affiliated company thereof, from and against any losses, damage claims, liabilities, fees, costs and expenses, including without limitation any legal fees, court costs and penalties (whether levied by a foreign or domestic governmental body), on a full indemnity basis, that may be asserted relating to the Certificate of Origin issued by Seller; including without limitation the validity, sufficiency and/or correctness thereof.

11.

TERMINATION FOR CAUSE - Purchaser may terminate this Purchase Order or any part hereof, upon not less than thirty (30) days prior written notice to Seller, for Seller’s default of this Purchase Order. Late deliveries, deliveries of materials which are defective or which do not conform to this Purchase Order, and Seller's failure to provide Purchaser, upon request, with adequate assurance of satisfactory future performance or any other failure to comply with the terms and conditions hereof shall constitute defaults allowing Purchaser to terminate this Purchase Order for cause. If termination occurs, Purchaser shall not be liable to Seller for any amount, and Seller shall be liable to Purchaser for any and all damages sustained by reason of the default, which gave rise to the termination. If Purchaser improperly terminates this Purchase Order for Seller's default, such termination shall be deemed a termination for convenience.

12.

TRADEMARKS/PUBLIC RELEASES - Seller will not in any way whatsoever make use of or reference to Purchasers name or any trademark; including without limit as part of Seller’s company or business name or any domain name, or any trade dress of Purchaser except with the prior written permission of Purchaser, which may be withheld in Purchasers sole and absolute discretion. No news release, advertisement, public announcement, denial or confirmation of same, of any kind regarding any part of the subject matter of this Purchase Order shall be made without the prior written approval of Purchaser, which may be withheld in Purchaser’s sole and absolute discretion.

13.

INCONSISTENT TERMS - In the event of an inconsistency in this Purchase Order, unless otherwise provided herein, the inconsistency will be resolved by giving precedence in the following order: (a) the Purchase Order face sheet; (b) any Specifications/Work Schedule/Work Order; (c) any special terms and conditions; and (d) these standard Terms and Conditions incorporated into this Purchase Order. 

14.

LANGUAGE - The parties have expressly required that this Purchase Order and all documents and notices relating to this Purchase Order be drafted in English.

ADDENDUM A

Unit Description: Soil Additive

Minimum Standards:

Content Levels of Three Major Components

Nitrogen – Six Percent

Phosphorous – Eight Percent

Potassium – Eight Percent

Purchase price: $180.00 per Ton for a Total Purchase Price of Fifty Four Million Dollars ($54,000,000) and a Total Volume of 300,000 Tons. This Purchase Price is CIF Kandla Port, India.  Should the Purchaser determine it requires delivery to another port in India; the Purchaser must notify the Seller of such a change at least 30 days prior to the next shipping cycle and the Seller will have the ability to adjust the Purchase Price for any documentable increased shipping costs resulting from this change.  The Seller will make a commercially reasonable effort to meet such request by the next scheduled shipment date; however, if the Seller is not able to do so, such failure to meet this request will not constitute a default under this contract.

Payment Terms:  This contract is contingent upon a Documentary Letter of Credit (“LC”) being issued to the Purchaser by it’s client (an agency or corporation sponsored by the Indian Government) without which the Purchaser will be under no obligation to complete this contract, The Purchaser believes in Good Faith such LC will be issued and once the LC has been issued to the Purchaser  it will provide an  (“LC”) in the full amount of each shipment ($4,500,000 representing 25,000 tons) for a total of twelve shipments, to the Seller.  It is understood as long as the Seller is not in default of this PO this will be an automatically replenishing LC up to the full value of this Purchase Order ($54,000,000).  The LC will be drafted with language satisfactory to the Purchaser and Seller and will be issued by a banking institution acceptable to both parties.  The LC will be issued immediately after both the Purchaser and Seller lodge the PO with their respective banks. The Seller will have the ability to draw upon the LC as the Bills of Lading are issued by the designated shipping company and all the shipping documents as required by LC are presented to the Seller’s bank for negotiating LC. 

Delivery Term:  Both the Purchaser and the Seller will agree upon a mutually agreeable delivery schedule.  It is understood that any such schedule may be dependent on the availability of shipping carriers and as such may have to be adjusted accordingly.  It is expected that the first shipments will be arranged and take place with forty five days of executing this P.O.; however, it is understood by both the Purchaser and the Seller, all reasonable efforts will be made to begin the shipments of the S.A. as soon as possible.  It is expected fulfillment of this Purchase Order will be completed no later than twelve months from the date of the execution of this P.O. 

Shipping Requirements:

Carrier and Responsibility:  The Seller will arrange to have the S.A. shipped to the Port of Entry as indicated in the Delivery Address.   It is understood all shipping fees, insurance, loading of the cargo on the ship and other charges associated with the lawful shipping and importation of the S.A. to the agreed upon Port of Entry (NOT including any import duties) are solely the responsibility of the Seller.  The Seller agrees to make the required payments on a timely manner for this shipping.  Additionally, it is understood all shipping contracts will be in the name of the Seller and it will be the responsibility of the Seller to execute any and all necessary documents to facilitate the timely shipping of the S.A.   

Delivery Address: The “Ship To” address “Receiving Port” (R.P) will be provided by the Purchaser within 10 business days of executing this Purchase Order.  Should the Purchaser wish to change the R.P prior to shipment, it must be done in sufficient time to allow for the proper redirection of the shipment by the Carrier.   

SIGNATURES

SELLER

/s/ Peter Ubaldi

Peter Ubaldi, President

PURCHASER

/s/ Satish Shah

Satish Shah

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