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Wisconsin Subscription Agreement

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Wisconsin Subscription Agreement Powered By Docstoc
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                             This Subscription Agreement is an essential document for selling stock to individual
                             investors. It serves as protection for the company and to solicit information from the
                             investors. This agreement limits the financial liability of the investor and the investor has no
                             say in company decisions. It contains standard information that is typically included in
                             subscription agreements including the parties' names, the number and price of shares and
                             the expectations of the parties. This document should be used by a small business or start-
                             up located in Wisconsin when selling stock to individual investors.
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                                SUBSCRIPTION AGREEMENT

THIS SUBSCRIPTION AGREEMENT (hereinafter “Agreement”) is made as of ____ [Month]
____ [Date] 20___ [Year], by and between ________________________________
[Instruction:     Insert     name      of     purchaser],       with     registered address at
_______________________________ [Instruction: Insert address of purchaser] (hereinafter
the “Purchaser”), and ____________________ [Instruction: Insert name of company], a
Wisconsin corporation (hereinafter the “Company”). The Purchaser and the Company may
individually be referred to as “Party” or collectively as the “Parties”.

1. SALE OF SECURITIES

   The Purchaser hereby agrees to purchase ___________ [Instruction: Insert the number of
   shares the purchaser agrees to purchase] shares of the Company's Common Stock
   (hereinafter "Shares") for an aggregate purchase price of ___________ (___) [Instruction:
   Insert the aggregate purchase price, e.g., one thousand dollars ($1000)] dollars, payable
   by cash, check, or other means acceptable to the Company, receipt of which the Company
   hereby acknowledges. The Company shall deliver a certificate representing the Shares as
   soon as is practicable after the date of this Agreement. The Shares are sometimes referred to
   collectively as the "Securities."

2. REPRESENTATIONS OF THE PURCHASER

   Because of the exemptions from the registration requirements of the Uniform Securities Act
   (1956) (the "Act") and of any applicable state securities act (a "State Act") and from the
   qualification requirements of the Wisconsin Corporate Securities Law (the "Law") relied
   upon by the Company in making the sale of the Securities to the Purchaser, the Purchaser
   hereby warrants that the Purchaser:

   a. Is experienced in evaluating and investing in start-up and emerging growth businesses
      such as the Company, has such knowledge and experience in financial and business
      matters as to be capable of evaluating the merits and risks of an investment in the
      Securities, and has the ability to bear the economic risk of such an investment;

   b. Is aware that the Securities are highly speculative and that there can be no assurance as to
      what return, if any, there may be;

   c. Has received, reviewed, and understood the Company’s Articles of Incorporation and all
      such information concerning the Company as the Purchaser has requested;

   d. Is aware of the Company's business affairs and financial condition and has, at a
      reasonable time prior to the date hereof, had the opportunity to ask questions and receive
      answers concerning the terms and conditions of the purchase and sale of the Securities
      and to obtain any additional information which the Company possessed or could acquire
      without unreasonable effort or expense necessary to verify the accuracy of any
      information furnished or to which the Purchaser had access;

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   e. Is purchasing the Securities for investment for the Purchaser's own account only and not
      with a view to, or for resale in connection with, any distribution thereof;

   f. Understands that the Securities have not been registered under the Act or any State Act
      and that their offer and sale have not been qualified under the Law by reason of specific
      exemptions there from, which exemptions may depend upon, among other things, the
      bona fide nature of the Purchaser's investment intent as expressed herein. In this
      connection, the Purchaser understands that, in the view of the commission, the statutory
      basis for one such exemption from the Act may not be available if the Purchaser
      presently intends to hold the Securities for a minimum capital gains period under the tax
      statutes, 
				
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Description: This Subscription Agreement is an essential document for selling stock to individual investors. It serves as protection for the company and to solicit information from the investors. This agreement limits the financial liability of the investor and the investor has no say in company decisions. It contains standard information that is typically included in subscription agreements including the parties' names, the number and price of shares and the expectations of the parties. This document should be used by a small business or start-up located in Wisconsin when selling stock to individual investors.
This document is also part of a package Essential Wisconsin Legal Documents 145 Documents Included