A Virgin Islands Subscription Agreement is a legal document that outlines the terms and conditions of an investment between Charge. Com, Inc. and a prospective investor for the purchase of units consisting of common stock and common stock warrants. This agreement is important as it establishes the rights and obligations of both parties involved in the investment transaction. The agreement typically includes the following key elements: 1. Parties: It clearly identifies the names and contact information of Charge. Com, Inc. as the company offering the units and the prospective investor who wishes to purchase them. 2. Units Offered: The agreement specifies the number of units being offered for purchase and their composition, which includes common stock and common stock warrants. Common stock represents ownership in the company, while warrants provide the right to purchase additional shares at a predetermined price within a specified time frame. 3. Consideration and Purchase Price: This section outlines the total consideration to be paid by the investor for the units, including the purchase price per unit, any upfront fees, and the total amount to be invested. 4. Payment Terms: The agreement defines the payment terms, including the acceptable methods of payment, the due date for the initial payment, and any subsequent installment payments if applicable. 5. Representations and Warranties: Both parties make certain representations and warranties to ensure the accuracy of the information provided, such as the investor's eligibility to participate and the company's authorization to issue the units. 6. Risks and Disclosures: This section highlights the potential risks associated with the investment and discloses any material information that might impact the investor's decision to purchase the units. 7. Use of Proceeds: The agreement specifies how the funds raised from the investment will be used by Charge. Com, Inc., which may include research and development, marketing activities, working capital, or other purposes. 8. Transferability: It outlines any restrictions on the transferability of the units, including limitations on selling or assigning the units to third parties without the consent of the company. 9. Governing Law and Jurisdiction: This section mentions the applicable laws of the Virgin Islands governing the agreement and identifies the agreed-upon jurisdiction for any legal disputes that may arise. Different types of Virgin Islands Subscription Agreements between Charge. Com, Inc. and prospective investors for the purchase of units consisting of common stock and common stock warrants may include variations based on investment terms, such as different pricing structures or additional investor rights. However, the key elements mentioned above generally apply to all types of agreements.