__________, referred to as PROMOTER, and _, referred to
as SUBSCRIBER, agree:
PROMOTER shall organize a corporation to be preliminarily named _____,
to be incorporated in the state of .
The planned initial stock offering shall be _ shares, of stock, with a par
value of Rs.(_ per share).
SUBSCRIBER agrees to purchase shares of __ stock upon issuance. In the event that the offering is over subscribed, the SUBSCRIBER shall be entitled to a proportional purchase of shares.
The shares purchased are not registered with the Indian Securities and Exchange Commission, nor the Securities Commission of any state.
The PURCHASER represents that it is qualified under the relevant rules and regulations of the Indian Securities and Exchange Commission and the Securities Commission of any state, which may have jurisdiction to purchase these shares…..
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