SEC Contract Filing

Filing Date: 2021-01-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>rtsl_ex101.htm
<DESCRIPTION>FORM OF SUBSCRIPTION AGREEMENT $0.40 PER SHARE (JANUARY 2021 PRIVATE OFFERING)
<TEXT>
<HTML>
<head><title>ex-10.1</title> </head> <body> <div style="WIDTH:468pt; MARGIN-LEFT:72pt"> <p style="MARGIN-BOTTOM:16.5pt; FONT:11pt Times New Roman; MARGIN-TOP:16.5pt" align=justify><b>THE SECURITIES TO BE ISSUED PURSUANT TO THIS AGREEMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (&#147;</b><font style="BORDER-BOTTOM:#000000 1px solid"><b>SECURITIES</b><b> </b><b>ACT</b></font><b>&#148;), OR ANY OTHER APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD UNLESS REGISTERED THEREUNDER OR UNLESS AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.</b></p> <p style="MARGIN-BOTTOM:16.5pt; FONT:11pt Times New Roman; MARGIN-TOP:16.5pt" align=center><b>SUBSCRIPTION AGREEMENT $0.40 PER SHARE</b></p> <p style="MARGIN-BOTTOM:22pt; FONT:11pt Times New Roman; MARGIN-TOP:11pt" align=right>Name of Subscriber: ______________________ or ________________________</p> <p style="FONT:11pt Times New Roman; MARGIN:0px">Rapid Therapeutic Science Laboratories, Inc.</p> <p style="FONT:11pt Times New Roman; MARGIN:0px">5580 Peterson Lane, Suite 200</p> <p style="FONT:11pt Times New Roman; MARGIN:0px">Dallas, Texas 75240</p> <p style="MARGIN-BOTTOM:11pt; FONT:11pt Times New Roman; MARGIN-TOP:0pt">&nbsp;</p> <p style="MARGIN-BOTTOM:11pt; FONT:11pt Times New Roman; MARGIN-TOP:0pt">Ladies and Gentlemen:</p> <p style="MARGIN-BOTTOM:6pt; FONT:11pt Times New Roman; MARGIN-TOP:6pt; TEXT-INDENT:36pt" align=justify><b>1. &nbsp;</b><font style="BORDER-BOTTOM:#000000 1px solid"><b>Subscription</b></font>. &nbsp;I (sometimes referred to herein as the &#147;<font style="BORDER-BOTTOM:#000000 1px solid">Investor</font>&#148;) hereby subscribe for and agree to purchase the Securities (as defined below) set forth on the signature page hereto of Rapid Therapeutic Science Laboratories, Inc., a Nevada corporation (the &#147;<font style="BORDER-BOTTOM:#000000 1px solid">Company</font>&#148;), on the terms and conditions described herein and in Exhibit A hereto (collectively, the &#147;<font style="BORDER-BOTTOM:#000000 1px solid">Offering Documents</font>&#148;). Terms not defined herein are as defined in the Offering Documents. There is no minimum offering. The maximum offering is $1,500,000. &nbsp;</p> <p style="MARGIN-BOTTOM:6pt; FONT:11pt Times New Roman; MARGIN-TOP:6pt; TEXT-INDENT:36pt" align=justify><b>2. &nbsp;</b><font style="BORDER-BOTTOM:#000000 1px solid"><b>Description</b><b> </b><b>of</b><b> </b><b>Securities;</b><b> </b><b>Risk</b><b> </b><b>Factors</b></font>. &nbsp;</p> <p style="MARGIN-BOTTOM:6pt; FONT:11pt Times New Roman; MARGIN-LEFT:108pt; MARGIN-TOP:6pt" align=justify><kbd style="POSITION:absolute; FONT:11pt Times New Roman; MARGIN-LEFT:-36pt">a.</kbd><font style="BORDER-BOTTOM:#000000 1px solid">Description of Securities</font>. &nbsp;The Company is offering (the &#147;<font style="BORDER-BOTTOM:#000000 1px solid">Offering</font>&#148;) to the Investor shares of the Company&#146;s common stock (&#147;<font style="BORDER-BOTTOM:#000000 1px solid">Common Stock</font>&#148; or &#147;<font style="BORDER-BOTTOM:#000000 1px solid">Securities</font>&#148;) at a purchase price of $0.40 per share.&nbsp;</p> <p style="MARGIN-BOTTOM:6pt; FONT:11pt Times New Roman; MARGIN-LEFT:108pt; MARGIN-TOP:6pt" align=justify><kbd style="POSITION:absolute; FONT:11pt Times New Roman; MARGIN-LEFT:-36pt">b.</kbd><font style="BORDER-BOTTOM:#000000 1px solid">Warrants</font>: Non-cash Warrants. For additional consideration the Investor is entitled to purchase an addition 1 times the number of shares purchased under 2a. above at a price of $1.00. Such purchase must be made within 180 days of the Company&#146;s 3-day average VWAP above $1.00. Otherwise such warrants are void. The warrants are not cashless and are subject to Rule 144 provisions.&nbsp;</p> <p style="MARGIN-BOTTOM:6pt; FONT:11pt Times New Roman; MARGIN-LEFT:108pt; MARGIN-TOP:6pt" align=justify><kbd style="POSITION:absolute; FONT:11pt Times New Roman; MARGIN-LEFT:-36pt">c.</kbd><font style="BORDER-BOTTOM:#000000 1px solid">Warrants</font>: Cash-less Warrants. See Separate Agreement, subject to Trading Agreement dated December 22, 2020. These cash-less warrants are under separate form and expressly subject to a mandatory Trading Agreement&nbsp;</p> <p style="MARGIN-BOTTOM:6pt; FONT:11pt Times New Roman; MARGIN-LEFT:108pt; MARGIN-TOP:6pt" align=justify><kbd style="POSITION:absolute; FONT:11pt Times New Roman; MARGIN-LEFT:-36pt">d.</kbd><font style="BORDER-BOTTOM:#000000 1px solid">Risks Related to the Investment in the Securities</font>. &nbsp;Investing in the Securities involves a high degree of risk. Before investing, Investors should carefully consider the following risks, together with the other information contained in Offering Documents.&nbsp;</p> <p style="MARGIN-BOTTOM:6pt; FONT:11pt Times New Roman; MARGIN-LEFT:144pt; MARGIN-TOP:6pt" align=justify><kbd style="POSITION:absolute; FONT:11pt Times New Roman; MARGIN-LEFT:-36pt"><b>i.</b></kbd><font style="BORDER-BOTTOM:#000000 1px solid"><b>No</b><b> </b><b>Minimum</b><b> </b><b>Subscription</b><b> </b><b>Agreement;</b><b> </b><b>No</b><b> </b><b>Escrow</b><b> </b><b>Arrangement</b></font><b>. &nbsp;</b>Under the terms of this Subscription Agreement, there is no minimum subscription amount to be raised by the Company in this private placement and, upon the Company&#146;s acceptance of the Subscriber&#146;s offer to subscribe for the Securities, the subscription proceeds shall immediately become a part of the working capital of the Company and &nbsp;</p> <hr style="BORDER-TOP:0px; HEIGHT:0px; BORDER-RIGHT:0px; WIDTH:0px; BORDER-BOTTOM:0px; MARGIN:14pt 0px 0px; BORDER-LEFT:0px"> <p style="FONT:10pt Times New Roman; MARGIN:0px" align=center>Page 1</p> <p style="FONT:10pt Times New Roman; MARGIN:0px">RTSL Subscription Agreement, $1.5