Alberta Subscription Agreement Under Warrant Indenture

Use this Subscription Agreement to issue warrant shares to investors under a Warrant Indenture in the Province of Alberta.

• No offering memorandum or prospectus is being filed in connection with the offering.
• The subscription agreement and payment for the shares is to be tendered by the investor to the offering corporation, in return for the shares.
• The exercise price and the number and kind of securities will be adjusted accordingly, in the event of a subdivision, consolidation, or reclassification of the corporation's shares, or an amalgamation or merger with another corporate entity.
• The subscriber warrants that it will at all relevant times deal with the corporation at arm's length for purposes of the Income Tax Act (Canada).
• The subscriber agrees to abide by the terms of any shareholder agreement already in place.
• This Subscription Agreement is intended for use in the Province of Alberta, Canada. It is available in MS Word format.