Lusora Healthcare Systems Inc.
EXHIBIT 10.1 - SUBSCRIPTION AGREEMENT
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>form8kexh10_1.htm
<DESCRIPTION>EXHIBIT 10.1 - SUBSCRIPTION AGREEMENT
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   <TITLE>f -- Converted by S, created by BCL Technologies Inc., for SEC Filing</TITLE>
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<P align=right><B><U><FONT face=serif size=2>Exhibit 10.1</FONT></U></B><BR></P>
<P align=left><B><FONT face=serif size=2>THIS PRIVATE PLACEMENT 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").
</FONT></B></P>
<P align=left><B><FONT face=serif size=2>NONE OF THE SECURITIES TO WHICH THIS
PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT (THE "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.</FONT></B></P>
<TABLE cellSpacing=1 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD align=left width="12%">&nbsp; </TD>
    <TD align=center width="87%"><B><FONT face=serif size=2>CONFIDENTIAL</FONT></B>&nbsp;
    </TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="12%">&nbsp; </TD>
    <TD align=center width="87%"><B><FONT face=serif size=2>PRIVATE PLACEMENT SUBSCRIPTION
      AGREEMENT</FONT></B>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="12%">&nbsp; </TD>
    <TD align=center width="87%"><FONT face=serif size=2>(Subscribers Resident Outside of the United
      States)</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="12%"><FONT face=serif size=2>TO:</FONT>&nbsp; </TD>
    <TD align=left width="87%"><FONT face=serif size=2>Lusora Healthcare Systems
      Inc. (the "Company")</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="12%">&nbsp; </TD>
    <TD align=left width="87%"><FONT face=serif size=2>795 Folsom
      Street</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="12%">&nbsp; </TD>
    <TD align=left width="87%"><FONT face=serif size=2>San Francisco, CA
      94107</FONT>&nbsp; </TD></TR></TABLE><BR>
<P align=center><U><FONT face=serif size=2>Purchase of Units</FONT></U><BR></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><B><FONT face=serif size=2>1.</FONT></B>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><B><U><FONT face=serif size=2>Subscription</FONT></U></B>
    </TD></TR>
  <TR>
    <TD width="100%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>1.1</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>The undersigned (the "Subscriber") hereby irrevocably
      subscribes for and agrees to purchase from</FONT> <FONT size=2>the
      Company, on the basis of the representations and warranties and subject to
      the terms and conditions set forth herein, 500,000 units (the "Units") at
      the price of US $1.00 per Unit (such subscription and agreement to
      purchase being the "Subscription") for the total purchase price of
      US$500,000 (the "Subscription Proceeds").</FONT></TD></TR>
  <TR>
    <TD noWrap>&nbsp;</TD>
    <TD width="100%" background="">&nbsp;&nbsp; </TD></TR>
  <TR>
    <TD noWrap background=""><FONT size=2>1.2<BR></FONT></TD>
    <TD width="100%" background=""><FONT size=2>Each Unit will consist of one common share
      in the capital of the Company (each, a &#147;Share&#148;) and one common share
      purchase warrant (a &#147;Warrant&#148;) subject to adjustment. One Warrant shall be
      non-transferable and shall entitle the holder thereof to purchase one
      share of common stock in the capital of the Company (each, a &#147;Warrant
      Share&#148;), as presently constituted, for a period of two years commencing
      from the Closing (as defined hereafter), at a price per Warrant Share of
      US $2.00 per Warrant Share. The Shares, Warrants and the Warrant Shares
      are referred to as the &#147;Securities&#148;.</FONT></TD></TR>
  <TR>
    <TD noWrap background="">&nbsp;</TD>
    <TD width="100%" background="">&nbsp;&nbsp;&nbsp; </TD></TR>
  <TR>
    <TD noWrap background=""><FONT size=2>1.3 </FONT></TD>
    <TD width="100%" background=""><FONT size=2>Subject to the terms hereof, the
      Subscription will be effective upon its acceptance by the Company. The
      Subscriber acknowledges that the offering of the Units (the "Offering")
      contemplated hereby is part a private placement of approximately 400,000
      Units having no maximum subscription level and no minimum aggregate
      subscription level.</FONT></TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" background="">&nbsp;&nbsp; </TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><B><FONT face=serif size=2>2.</FONT></B>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><B><U><FONT face=serif size=2>Payment</FONT></U></B>
  </TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>2.1</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>The Subscription Proceeds must accompany this
      Subscription and shall be paid by certified</FONT> <FONT face=serif size=2>cheque or bank draft drawn on a chartered bank reasonably
      acceptable to the Company, and made payable and delivered to the Company&#146;s
      attorneys, Clark Wilson LLP of Vancouver, Canada. Alternatively, the
      Subscription Proceeds may be wired Clark Wilson LLP pursuant to wiring
      instructions attached hereto as Appendix A. If the funds are delivered to
      the Company&#146;s lawyers, those lawyers are authorized to immediately deliver
      the funds to the Company or to deliver them to a third party as instructed
      by the Company.</FONT></TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=serif size=2></FONT>&nbsp;</P>
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<P align=center><FONT face=serif size=2>- 2 -</FONT><BR></P>
<P align=left><FONT face=serif size=2></FONT>&nbsp;</P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap background=""><FONT size=2>2.2 </FONT></TD>
    <TD width="100%" background=""><FONT size=2>The Subscriber acknowledges and agrees that
      this Subscription Agreement, the Subscription Proceeds and any other
      documents delivered in connection herewith will be held on behalf of the
      Company. In the event that this Subscription Agreement is not accepted by
      the Company for whatever reason, which the Company expressly reserves the
      right to do, within 30 days of the delivery of an executed Subscription
      Agreement by the Subscriber, this Subscription Agreement, the Subscription
      Proceeds (without interest thereon) and any other documents delivered in
      connection herewith will be returned to the Subscriber at the address of
      the Subscriber as set forth in this Subscription Agreement. </FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap background="">&nbsp; </TD>
    <TD width="100%" background="">&nbsp; </TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""><FONT size=2>2.3</FONT></TD>
    <TD width="100%" background=""><FONT size=2>Where the Subscription Proceeds are paid to
      the Company, the Company is entitled to treat such Subscription Proceeds
      as an interest free loan to the Company until such time as the
      Subscription is accepted and the certificates representing the Securities
      have been issued to the Subscriber.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD width="100%" background="">&nbsp; </TD></TR>
  <TR>
    <TD vAlign=top noWrap><B><FONT face=serif size=2>3.</FONT></B>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><B><U><FONT face=serif size=2>Documents Required from
      Subscriber</FONT></U></B> </TD></TR>
  <TR>
    <TD width="100%" colSpan=2>&nbsp;&nbsp; </TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>3.1</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>The Subscriber must complete, sign and return to the
      Company an executed copy of this</FONT> <FONT size=2>Subscription
      Agreement.</FONT></TD></TR>
  <TR>
    <TD noWrap>&nbsp;</TD>
    <TD width="100%" background="">&nbsp;&nbsp; </TD></TR>
  <TR>
    <TD noWrap background=""><FONT size=2>3.2<BR>&nbsp;&nbsp; </FONT></TD>
    <TD width="100%" background=""><FONT size=2>The Subscriber shall complete, sign and
      return to the Company as soon as possible, on request by the Company, any
      documents, questionnaires, notices and undertakings as may be required by
      regulatory authorities, and applicable law.</FONT></TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD width="100%" background="">&nbsp;&nbsp; </TD></TR>
  <TR>
    <TD vAlign=top noWrap><B><FONT face=serif size=2>4.</FONT></B>&nbsp;
      &nbsp; &nbsp; </TD>
    <TD width="100%"><B><U><FONT face=serif size=2>Closing</FONT></U></B>
  </TD></TR>
  <TR>
    <TD width="100%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>4.1</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>Closing of the offering of the
      Units (the "Closing") shall occur on or before September 22, 2006,</FONT>
      <FONT size=2>or on such other date as may be determined by the Company
      (the "Closing Date").</FONT></TD></TR>
  <TR>
    <TD noWrap>&nbsp;&nbsp; </TD>
    <TD width="100%" background="">&nbsp;</TD></TR>
  <TR>
    <TD noWrap background=""><FONT size=2>4.2 <BR></FONT></TD>
    <TD width="100%" background=""><FONT size=2>The Company may, at its
      discretion, elect to close the Offering in one or more closings, in which
      event the Company may agree with one or more subscribers (including the
      Subscriber hereunder) to complete delivery of the Securities to such
      subscriber(s) against payment therefor at any time on or prior to the
      Closing Date.</FONT>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD width="100%" background="" colSpan=2>&nbsp;&nbsp; </TD></TR>
  <TR>
    <TD vAlign=top noWrap><B><FONT face=serif size=2>5.</FONT></B>&nbsp;
      &nbsp; &nbsp; </TD>
    <TD width="100%" colSpan=2><B><U><FONT face=serif size=2>Acknowledgements
      of Subscriber</FONT></U></B> </TD></TR>
  <TR>
    <TD colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>5.1</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%" colSpan=2><FONT face=serif size=2>The Subscriber
      acknowledges and agrees that:</FONT> </TD></TR>
  <TR>
    <TD colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>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, as that term is defined in Regulation S under the 1933 Act
      ("Regulation S"), 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 federal securities laws;</FONT> </TD></TR>
  <TR>
    <TD colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>except as provided in this
      Subscription Agreement, the Subscriber acknowledges that the Company has
      not undertaken, and will have no obligation, to register any of the
      Securities under the 1933 Act;</FONT> </TD></TR>
  <TR>
    <TD colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(c)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>the decision to execute this
      Subscription Agreement and acquire the Securities hereunder has not been
      based upon any oral or written representation as to fact or otherwise made
      by or on behalf of the Company, and such decision is based entirely upon a
      review of information (the receipt of which is hereby acknowledged) which
      has been filed by the Company (the &#147;Public Record&#148;) with the Securities
      and Exchange Commission (the "SEC");</FONT> </TD></TR>
  <TR>
    <TD colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(d)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>neither the SEC nor any other
      securities commission or similar regulatory authority has reviewed or
      passed on the merits of the Units;</FONT> </TD></TR>
  <TR>
    <TD colSpan=3>&nbsp;</TD></TR></TABLE>
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<P align=center><FONT face=serif size=2>- 3 -</FONT><BR></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap background="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(e)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%" colSpan=2><FONT face=serif size=2>there is no government
      or other insurance covering any of the Securities;</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(f)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%" colSpan=2><FONT face=serif size=2>there are risks
      associated with an investment in the Securities;</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(g)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%" colSpan=2><FONT face=serif size=2>the Subscriber has not
      acquired the Units as a result of, and will not itself engage in, any
      "directed selling efforts" (as defined in Regulation S under the 1933 Act)
      in the United States in respect of the Units 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 Shares and/or Warrant
      Shares pursuant to registration thereof under the 1933 Act and any
      applicable state and federal securities laws or under an exemption from
      such registration requirements;</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(h)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%" colSpan=2><FONT face=serif size=2>the Subscriber and the
      Subscriber's advisor(s) have had a reasonable opportunity to ask questions
      of and receive answers from the Company in connection with the
      distribution of the 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 Company;</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(i)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%" colSpan=2><FONT face=serif size=2>the Subscriber will
      indemnify and hold harmless the Company 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 Company 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 Company in connection therewith;</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(j)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%" colSpan=2><FONT face=serif size=2>none of the Securities
      are listed on any stock exchange or automated dealer quotation system and
      no representation has been made to the Subscriber that any of the
      Securities will become listed on any stock exchange or automated dealer
      quotation system, except that currently market makers make a market for
      the Company's common shares on the NASD's OTC Bulletin Board;</FONT>
</TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(k)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%" colSpan=2><FONT face=serif size=2>the Company will refuse
      to register any transfer of the Shares and/or Warrant Shares 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 federal securities laws;</FONT>
</TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(l)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%" colSpan=2><FONT face=serif size=2>the statutory and
      regulatory basis for the exemption claimed for the offer of the Units,
      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 federal securities
      laws;</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(m)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%" colSpan=2><FONT face=serif size=2>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 Units and with
      respect to applicable resale restrictions, and it is solely responsible
      (and the Company is not in any way responsible) for compliance
      with:</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD noWrap>&nbsp;</TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(i)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>any applicable laws of the
      jurisdiction in which the Subscriber is resident in connection with the
      distribution of the Units hereunder, and</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD noWrap>&nbsp;</TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(ii)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>applicable resale restrictions;
      and</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR></TABLE>
<HR align=center width="100%" noShade SIZE=2>
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<P align=center><FONT face=serif size=2>- 4 -</FONT><BR></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap background="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(n)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>this Subscription Agreement is
      not enforceable by the Subscriber unless it has been accepted by the
      Company, and the Subscriber acknowledges and agrees that the Company
      reserves the right to reject any subscription for any reason.</FONT>
</TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=2>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><B><FONT face=serif size=2>6.</FONT></B>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><B><U><FONT face=serif size=2>Representations, Warranties
      and Covenants of the Subscriber</FONT></U></B> </TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>6.1</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>The Subscriber hereby represents and warrants to and
      covenants with the Company (which </FONT><FONT face=serif size=2>representations, warranties and covenants shall survive the
      Closing) that:</FONT></TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap background="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>the Subscriber has the legal
      capacity and competence to enter into and execute this Subscription
      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 Subscription
      Agreement on behalf of the Subscriber;</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>the entering into of this
      Subscription 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;</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(c)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>the Subscriber has duly executed
      and delivered this Subscription Agreement and it constitutes a valid and
      binding agreement of the Subscriber enforceable against the Subscriber in
      accordance with its terms;</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(d)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>the Subscriber is acquiring the
      Securities pursuant to an exemption from the registration and prospectus
      requirements of applicable securities legislation in all jurisdictions
      relevant to this Subscription, and, as a consequence, the Subscriber will
      not be entitled to use most of the civil remedies available under
      applicable securities legislation and the Subscriber will not receive
      information that would otherwise be required to be provided to the
      Subscriber pursuant to applicable securities legislation;</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(e)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>the Subscriber is not acquiring
      the Units for the account or benefit of, directly or indirectly, any U.S.
      Person;</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(f)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>the Subscriber is not a U.S.
      Person;</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(g)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>the Subscriber is resident in the
      jurisdiction set out under the heading "Name and Address of Subscriber" on
      the signature page of this Subscription Agreement;</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(h)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>the sale of the Units to the
      Subscriber as contemplated in this Subscription Agreement complies with or
      is exempt from the applicable securities legislation of the jurisdiction
      of residence of the Subscriber;</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(i)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>the Subscriber is outside the
      United States when receiving and executing this Subscription Agreement and
      is acquiring the Units as principal for the Subscriber's own account, for
      investment 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
      Units;</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(j)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>the Subscriber is not an
      underwriter of, or dealer in, the common shares of the Company, nor is the
      Subscriber participating, pursuant to a contractual agreement or
      otherwise, in the distribution of the Units;</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(k)</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>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</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=2>&nbsp;</TD></TR></TABLE>
<HR align=center width="100%" noShade SIZE=2>
<!--$$/page=--><A name=page_5></A>
<P align=center><FONT face=serif size=2>- 5 -</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap background=""></TD>
    <TD align=left width="100%" background="" colSpan=2>
      <P align=left><FONT face=serif size=2>investment in the Units; and (iii)
      has the ability to bear the economic risks of its prospective investment
      and can afford the complete loss of such investment;</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap background="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</TD>
    <TD vAlign=top noWrap background="">&nbsp;&nbsp; </TD>
    <TD width="100%" background="" colSpan=2></TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(l)</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%" colSpan=2><FONT face=serif size=2>the Subscriber acknowledges that
      the Subscriber has not acquired the Units as a result of, and will not
      itself engage in, any "directed selling efforts" (as defined in Regulation
      S under the 1933 Act) in the United States in respect of the Units 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 Shares or Warrant Shares;
      provided, however, that the Subscriber may sell or otherwise dispose of
      the Shares or Warrant Shares pursuant to registration of the Shares or
      Warrant Shares pursuant to the 1933 Act and any applicable state and
      federal securities laws or under an exemption from such registration
      requirements and as otherwise provided herein;</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(m)</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%" colSpan=2><FONT face=serif size=2>the Subscriber is not aware of
      any advertisement of any of the Securities and is not acquiring the Units
      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</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(n)</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%" colSpan=2><FONT face=serif size=2>no person has made to the
      Subscriber any written or oral representations:</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD noWrap>&nbsp;</TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(i)</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>that any person will resell or repurchase any of the
      Securities;</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD noWrap>&nbsp;</TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(ii)</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>that any person will refund the purchase price of any of
      the Securities;</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD noWrap>&nbsp;</TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(iii)</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>as to the future price or value of any of the
      Securities; or</FONT> </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD noWrap>&nbsp;</TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(iv)</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>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
      Company on any stock exchange or automated dealer quotation system.</FONT>
    </TD></TR>
  <TR>
    <TD noWrap background=""></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><B><FONT face=serif size=2>7.</FONT></B>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><B><U><FONT face=serif size=2>Representations and
      Warranties of the Company</FONT></U></B> </TD></TR>
  <TR>
    <TD width="100%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>7.1</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>The Company acknowledges and agrees that the Subscriber
      is entitled to rely upon the</FONT> <FONT face=serif size=2>representations and warranties of the Company contained in this
      Agreement and further acknowledges that the Subscriber will be relying
      upon such representations and warranties in purchasing the
    Shares.</FONT></TD></TR>
  <TR>
    <TD noWrap>&nbsp;</TD>
    <TD width="100%" background="">&nbsp;&nbsp;&nbsp; </TD></TR>
  <TR>
    <TD noWrap background=""><FONT size=2>7.2</FONT></TD>
    <TD width="100%" background=""><FONT size=2>The Company warrants that the Public Record
      fairly represents the status of the Company as at the dates indicated in
      the Public Record.</FONT></TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD width="100%" background="">&nbsp;&nbsp; </TD></TR>
  <TR>
    <TD vAlign=top noWrap><B><FONT face=serif size=2>8.</FONT></B>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><B><U><FONT face=serif size=2>Representations and
      Warranties will be Relied Upon by the Company</FONT></U></B> </TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>8.1</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>The Subscriber acknowledges that the representations and
      warranties contained herein are made </FONT><FONT face=serif size=2>by it
      with the intention that they may be relied upon by the Company and its
      legal counsel in determining the Subscriber's eligibility to purchase the
      Units under applicable securities legislation, or (if applicable) the
      eligibility of others on whose behalf it is contracting hereunder to
      purchase the Units under applicable securities legislation. The Subscriber
      further agrees that by accepting delivery of the certificates representing
      the Securities on the Closing Date, it will be representing and warranting
      that the representations and warranties contained herein are true and
      correct as at the Closing Date with the same force and effect as if they
      had been made by the Subscriber at the Closing Date and that they will
      survive the purchase by the Subscriber of Units and will continue in full
      force and effect notwithstanding any subsequent disposition by the
      Subscriber of such Units.</FONT></TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<HR align=center width="100%" noShade SIZE=2>
<!--$$/page=--><A name=page_6></A>
<P align=center><FONT face=serif size=2>- 6 -</FONT><BR></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><B><FONT face=serif size=2>9.</FONT></B>&nbsp;
      &nbsp; &nbsp; </TD>
    <TD width="100%"><B><U><FONT face=serif size=2>Legending of Subject
      Securities</FONT></U></B> </TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>9.1</FONT>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>The Subscriber hereby
      acknowledges that that upon the issuance thereof, and until such time as
      the</FONT> <FONT face=serif size=2>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:</FONT></TD></TR></TABLE>
<P align=left><FONT face=serif size=2>"THESE SECURITIES WERE ISSUED 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"). ACCORDINGLY, NONE OF THE SECURITIES TO WHICH THIS
CERTIFICATE 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 IN THE
UNITED STATES OR, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS (AS DEFINED HEREIN)
EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR PURSUANT TO AN
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."</FONT><FONT face=serif size=2>&nbsp;</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap background=""><FONT size=2>9.2</FONT></TD>
    <TD width="100%" background=""><FONT size=2>The Subscriber hereby acknowledges and agrees
      to the Company making a notation on its records or giving instructions to
      the registrar and transfer agent of the Company in order to implement the
      restrictions on transfer set forth and described in this Subscription
      Agreement.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD width="100%" background="">&nbsp;&nbsp; </TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""><FONT size=2>9.3</FONT></TD>
    <TD width="100%" background=""><FONT size=2>The Subscriber hereby acknowledges and agrees
      to the Company making a notation on its records or giving instructions to
      the registrar and transfer agent of the Company in order to implement the
      restrictions on transfer set forth and described in this Subscription
      Agreement.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap background=""></TD>
    <TD width="100%" background="">&nbsp;&nbsp; </TD></TR>
  <TR>
    <TD vAlign=top noWrap><B><FONT face=serif size=2>10.</FONT></B>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><B><U><FONT face=serif size=2>Costs</FONT></U></B> </TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>10.1</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>The Subscriber acknowledges and agrees that all costs
      and expenses incurred by the Subscriber</FONT> <FONT size=2>(including any
      fees and disbursements of any special counsel retained by the Subscriber)
      relating to the purchase of the Units shall be borne by the
      Subscriber.</FONT></TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><B><FONT face=serif size=2>11.</FONT></B>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><B><U><FONT face=serif size=2>Governing Law</FONT></U></B>
    </TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>11.1</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>This Subscription Agreement is governed by the laws of
      the State of Nevada. The Subscriber, in</FONT> <FONT size=2>its personal
      or corporate capacity and, if applicable, on behalf of each beneficial
      purchaser for whom it is acting, irrevocably attorns to the jurisdiction
      of the courts of the State of Nevada.</FONT></TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><B><FONT face=serif size=2>12.</FONT></B>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><B><U><FONT face=serif size=2>Survival</FONT></U></B> </TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>12.1</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>This Subscription Agreement, including without
      limitation the representations, warranties and</FONT> <FONT face=serif size=2>covenants contained herein, shall survive and continue in full
      force and effect and be binding upon the parties hereto notwithstanding
      the completion of the purchase of the Units by the Subscriber pursuant
      hereto.</FONT></TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><B><FONT face=serif size=2>13.</FONT></B>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><B><U><FONT face=serif size=2>Assignment</FONT></U></B>
  </TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>13.1</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>This Subscription Agreement is not transferable or
      assignable.</FONT> </TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><B><FONT face=serif size=2>14.</FONT></B>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><B><U><FONT face=serif size=2>Severability</FONT></U></B>
  </TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>14.1</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>The invalidity or unenforceability of any particular
      provision of this Subscription Agreement shall</FONT> <FONT face=serif size=2>not affect or limit the validity or enforceability of the remaining
      provisions of this Subscription Agreement.</FONT></TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=serif size=2></FONT>&nbsp;</P>
<HR align=center width="100%" noShade SIZE=2>
<!--$$/page=--><A name=page_7></A>
<P align=center><FONT face=serif size=2>- 7 -</FONT><BR></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><B><FONT face=serif size=2>15.</FONT></B>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><B><U><FONT face=serif size=2>Entire
      Agreement</FONT></U></B> </TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>15.1</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>Except as expressly provided in this Subscription
      Agreement and in the agreements, instruments</FONT> <FONT face=serif size=2>and other documents contemplated or provided for herein, this
      Subscription Agreement contains the entire agreement between the parties
      with respect to the sale of the Units and there are no other terms,
      conditions, representations or warranties, whether expressed, implied,
      oral or written, by statute or common law, by the Company or by anyone
      else.</FONT></TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><B><FONT face=serif size=2>16.</FONT></B>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><B><U><FONT face=serif size=2>Notices</FONT></U></B>
  </TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>16.1</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>All notices and other communications hereunder shall be
      in writing and shall be deemed to have</FONT> <FONT face=serif size=2>been
      duly given if mailed or transmitted by any standard form of
      telecommunication. Notices to the Subscriber shall be directed to the
      address on the signature page of this Subscription Agreement and notices
      to the Company shall be directed to it at Lusora Healthcare Systems Inc.,
      795 Folsom Street, San Francisco, CA 94107, Attention:
  President.</FONT></TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><B><FONT face=serif size=2>17.</FONT></B>&nbsp; &nbsp;
      &nbsp; </TD>
    <TD width="100%"><B><U><FONT face=serif size=2>Counterparts and Electronic
      Means</FONT></U></B> </TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>17.1</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>This Subscription Agreement may be executed in any
      number of counterparts, each of which,</FONT> <FONT face=serif size=2>when
      so executed and delivered, shall constitute an original and all of which
      together shall constitute one instrument. Delivery of an executed copy of
      this Subscription Agreement by electronic facsimile transmission or other
      means of electronic communication capable of producing a printed copy will
      be deemed to be execution and delivery of this Subscription Agreement as
      of the date hereinafter set forth.</FONT></TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<HR align=center width="100%" noShade SIZE=2>
<!--$$/page=--><A name=page_8></A>
<P align=center><FONT face=serif size=2>- 8 -</FONT></P>
<P align=left><B><FONT face=serif size=2>IN WITNESS WHEREOF</FONT></B><FONT face=serif size=2> the Subscriber has duly executed this Subscription Agreement
as of the date of acceptance by the Company.</FONT></P>
<P align=left><FONT face=serif size=1>_______________________________________________________________________________<BR>(Name
of Subscriber &#150; Please type or print)</FONT><BR><BR><FONT face=serif size=1>_______________________________________________________________________________<BR>(Signature
and, if applicable, Office)</FONT><BR><BR><FONT face=serif size=1>_______________________________________________________________________________<BR>(Address
of Subscriber)</FONT><BR><BR><FONT face=serif size=1>_______________________________________________________________________________<BR>(City,
State or Province, Postal Code of Subscriber)</FONT><BR><BR><FONT face=serif size=1>_______________________________________________________________________________<BR>(Country
of Subscriber)</FONT><BR><BR><FONT face=serif size=1>_______________________________________________________________________________<BR>(facsimile
number and email address)</FONT><BR></P>
<P align=left><B><FONT face=serif size=2>A C C E P T A N C E</FONT></B></P>
<P align=left><FONT face=serif size=2>The above-mentioned Subscription Agreement
in respect of the Units is hereby accepted by Lusora Healthcare Systems
Inc.</FONT></P>
<P align=left><FONT face=serif size=2>DATED at
_____________________________________, the ________day of __________________,
2006.</FONT></P>
<P align=left><B><FONT face=serif size=2>LUSORA HEALTHCARE SYSTEMS
INC.</FONT></B></P>
<P align=left><FONT face=serif size=2>Per:&nbsp;&nbsp;&nbsp; <FONT size=1>____________________________________________<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT face=serif size=2>Authorized Signatory</FONT><BR></P>
<HR align=center width="100%" noShade SIZE=2>
<!--$$/page=--><A name=page_9></A>
<P align=center>
<P align=left><B><I><U><FONT face=serif size=2></FONT></U></I></B></P>
<HR align=center width="100%" noShade SIZE=2>
</P>
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