SUBSCRIPTION AGREEMENT
This SUBSCRIPTION AGREEMENT (this “Agreement”), dated as of the date set forth
on the signature page hereto, is by and between Zero Energy Development Partners LLC, a
Georgia limited liability company (the “Company”), and the subscriber identified on the signature
page hereto (the “Subscriber”).
WHEREAS, the Company and the Subscriber are executing and delivering this Agreement
in reliance upon an exemption from securities registration afforded by the provisions of Section
4(2), Section 4(6) and/or Regulation D (“Regulation D”) as promulgated by the United States
Securities and Exchange Commission under the Securities Act of 1933, as amended (the
“Securities Act”);
WHEREAS, the Company is offering up to One Million (1,000,000) of its non-voting
Series A Preferred Units (each, a “Series A Preferred Unit” and collectively, the “Series A
Preferred Units”) at Ten Dollars ($10.00) per Series A Preferred Unit in an aggregate amount of
up to Ten Million U.S. Dollars and 00/100 (US$10,000,000.00) (the “Offering Amount”), to be
sold on a “best efforts” basis in a private placement offering (the “Offering”) as more particularly
described in the term sheet attached as Exhibit A hereto (the “Term Sheet”) and below; provided
that the Company may, in its sole discretion increase the Offering Amount, but will provide
reasonable notice to the Subscriber in such event; and
WHEREAS, terms of the Series A Preferred Unit, including redemption rights, voting
rights, ranking and dilution protections, are as outlined in the Term Sheet and set forth in detail in
the Company’s First Amended and Restated Operating Agreement, dated as of October 22, 2024,
attached as Exhibit B hereto (the “Operating Agreement”).
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NOW, THEREFORE, in consideration of the mutual covenants and other agreements
contained in this Agreement, the Company and the Subscriber hereby agree as follows, subject to
the terms and conditions herein:
1. Subscription For Series A Preferred Units; Purchase Price.
1.1 Purchase. The Subscriber, intending to be legally bound, hereby irrevocably agrees
to subscribe for and agrees to purchase up to that number of Series A Preferred Units set forth on
the signature page hereto at a purchase price of Ten Dollars and 00/100 ($10.00) per Series A
Preferred Unit (“Per Unit Price”). This subscription is submitted to the Company in accordance
with and subject to the terms and conditions described in this Agreement.
1.2 Purchase Price. The aggregate purchase price for the Series A Preferred Units
subscribed for is equal to the number of Series A Preferred Units subscribed for multiplied by the
Per Unit Price and is set forth on the signature page hereto (the “Purchase Price”).
1.3 Subscription Proceeds. All subscription proceeds received and accepted will be
deposited directly to the administrative account set up by the authorized 3rd party administrator,
Industry FinTech Inc (“Administrator”). The Administrator shall release the subscription proceeds
to the Company following acceptance by the Company hereunder and payment of authorized and
approved costs and expenses, including organization and Offering expenses. The Company shall
use such funds for current operations and general corporate purposes. The Company may use
proceeds of the Offering immediately upon each Closing.
1.4 Payment. Payment of the Purchase Price shall be due and payable upon execution
and delivery of this Agreement by the Subscriber to the Administrator in cash by electronic ACH
payment, certified check or wire transfer to the instructions listed in the attached Payment
Authorization Agreement.
1.5 Acknowledgements. By executing this Agreement, the Subscriber acknowledges
that (i) the Subscriber has been informed of various matters relating to the Company, including
but not limited to, this Agreement, the Term Sheet, the Operating Agreement, the Risk Factors
attached as Exhibit C hereto (the “Risk Factors”) and the Series A Preferred Units (together, the
“Offering Documents”); (ii) that the Subscriber is an “accredited investor” as such term is defined
in Rule 501 of Regulation D, which definition is attached as Exhibit D attached hereto; and (iii)
that the Subscriber is not and has not been the subject of any “bad actor disqualifying event,” as
described in the excerpt of Rule 506(d) attached hereto as Exhibit E (a “Bad Actor Disqualifying
Event”).
1.6 Closing; Conditions to Closing. Closing on the purchase and sale of the Series A
Preferred Units shall be consummated on such date as the Company accepts the Subscriber’s offer
to purchase the Series A Preferred Units as evidenced by the Company’s counter-execution of the
signature page to this Agreement, the Company’s execution of the Series A Preferred Units issued
to the Subscriber and the return of a fully executed Series A Preferred Units to the Subscriber
(“Closing”). On or prior to the date of each Closing, the following shall have occurred:
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(a) The Subscriber shall have thoroughly reviewed the Offering Documents;
(b) The Subscriber shall have delivered to the Company a dated and executed
signature page to this Agreement, with all blanks properly completed;
(c) The Subscriber shall have delivered to the Company a dated completed and
signed Accredited Investor Questionnaire attached as Exhibit F hereto and Bad Actor
Questionnaire attached as Exhibit G hereto, each with all blanks properly completed;
(d) The Administrator shall have received the Purchase Price from the
Subscriber for the benefit of the Company; and
(e) Any other conditions to Closing set forth in this Agreement shall have been
satisfied or waived.
2. Subscriber Representations and Warranties as to Suitability Standards.
The Subscriber hereby represents and warrants that:
2.1 Investment Decision. The Subscriber and the Subscriber’s advisors (which advisors
do not include the Company or its principals, representatives or counsel) have such knowledge and
experience in legal, financial and business matters as to be capable of evaluating the merits and
risks of the prospective investment in the Company, of protecting the Subscriber’s interests in
connection therewith and making an informed investment decision.
2.2 Information Furnished. The Subscriber has been furnished with or has had access
to any and all material documents and information regarding the Company and its intended
business as it, he or she desires, including but not limited to the Offering Documents, as well as
the opportunity to ask questions of the Company’s management. The Subscriber hereby
acknowledges that the Company has made available to the Subscriber prior to any investment in
the Company all information requested by the Subscriber and deemed by the Subscriber to be
reasonably necessary to enable the Subscriber to evaluate the risks and merits of an investment in
the Company. The Subscriber, after a review of this information and other information obtained,
is aware of the speculative nature of any investment in the Company.
2.3 Financial Information. The Subscriber is not solely relying on any financial
information, including without limitation financial projections or oral representations in making
the decision to purchase the Series A Preferred Units.
2.4 Own Account. The Subscriber is acquiring the Series A Preferred Units for the
Subscriber’s own account, not on behalf of other persons, and for investment purposes only and
not with a view to resale or distribution, transfer, assignment, resale or subdivision of Series A
Preferred Units. The Subscriber understands that, due to the restrictions referred to in Section 5
below, and the lack of any market existing or to exist for Series A Preferred Units, the Subscriber’s
investment in the Company will be highly illiquid and will have to be held indefinitely.
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2.5 Economic Risk. The Subscriber can bear the economic risk of the investment in
the Company without impairing the Subscriber’s ability to provide for itself, himself or herself
and/or his or her family (as applicable) in the same manner that the Subscriber would have been
able to provide prior to making an investment in the Company. The Subscriber acknowledges and
agrees that he, she or it may continue to bear the economic risk of the investment in the Company
for an indefinite period of time, and will not hold the Company liable for any losses incurred.
2.6 Subscriber’s Commitments. The Subscriber’s overall commitment to investments
which are not readily marketable is not disproportionate to the Subscriber’s net worth, the
Subscriber’s investment in the Series A Preferred Units will not cause such overall commitment
to become excessive, and the investment is suitable for the Subscriber when viewed in light of the
Subscriber’s other securities holdings and the Subscriber’s financial situation and needs.
2.7 Adequate Means. The Subscriber has adequate means of providing for the
Subscriber’s current needs and personal contingencies.
2.8 Newly Formed; Risk Factors. The Subscriber acknowledges and accepts that the
Company is newly formed and that any investment in the Company involves substantial risk, and
the Subscriber has evaluated and fully understands all risks in the Subscriber’s decision to purchase
Series A Preferred Units hereunder, including, but not limited to, the Risk Factors, as outlined in
Exhibit B attached hereto.
2.9 No Review. The Subscriber acknowledges and accepts that the offer and sale of the
Series A Preferred Units have not been submitted to, reviewed by, nor have the merits of this
investment been endorsed or approved by any state or federal agency, commission, authority or
self-regulatory organization.
2.10 Company’s Businesses. The Subscriber understands the businesses in which the
Company is engaged or proposes to be engaged in and the risks associated therewith.
2.11 Individual Subscriber. If the Subscriber is an individual, the Subscriber is at least
eighteen (18) years of age and a bona fide resident and domiciliary (not a temporary or transient
resident) of the state or country indicated on the signature page hereof and the Subscriber has no
present intention of becoming a resident of any other state or jurisdiction.
2.12 Non-Individual Subscriber. If the Subscriber is not an individual, the Subscriber is
domiciled in the state or country indicated on the signature page hereof, has no present intention
of becoming domiciled in any other state or jurisdiction and is an “Accredited Investor” or an
“Institutional Investor” as defined under the “Blue Sky” or securities laws or regulations of the
state in which it is domiciled, as applicable.
2.13 Local Standards. The Subscriber otherwise meets any special suitability standards
applicable in the Subscriber’s state or country of residence or domicile.
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2.14 Accredited Investor. The Subscriber is an “accredited investor” as that term is
defined and used under Regulation D, Rule 501(a) and which definition is set forth on Exhibit C
attached hereto and represents that the information provided in the Accredited Investor
Questionnaire, attached as Exhibit E hereto, and any exhibits attached thereto, are true, complete,
and correct to the best of the Subscriber's knowledge and belief.
2.15 Bad Actor Disqualifying Event. The Subscriber represents and warrants that as of
the date hereof, the Subscriber is not and has not been the subject of any Bad Actor Disqualifying
Event that would require disclosure in the Company’s offering documents, and represents that the
information provided in the Bad Actor Questionnaire, attached hereto as Exhibit F hereto, and any
exhibits attached thereto are true and correct, and hereby agrees to promptly notify the Company
if the undersigned becomes aware of a Bad Actor Disqualifying Event after the date of this
Agreement and through the termination date of the Offering.
2.16 True and Correct. All of the written information pertaining to the Subscriber which
the Subscriber has heretofore furnished to the Company, and all information pertaining to the
Subscriber which is set forth in this Agreement, including all representations and warranties made
by the Subscriber, is correct and complete as of the date hereof and, if there should be any material
change in such information hereafter, the Subscriber shall promptly furnish such revised or
corrected information to the Company. The Subscriber otherwise meets any special suitability
standards applicable to the Subscriber’s state of residence.
2.17 No Inconsistent Oral Statements or Written Materials. The Subscriber has not been
furnished with any oral representation or oral information or written materials in connection with
the Offering that is in any way contrary to or inconsistent with, statements made in this Agreement
and the attachments hereto.
2.18 Communication of Offer. The Subscriber is not purchasing the Series A Preferred
Units as a result of any advertisement, article, notice or other communication regarding the Series
A Preferred Units published in any newspaper, magazine or similar media or broadcast over
television or radio or presented at any seminar or any other general solicitation or general
advertisement.
3. Representations, Warranties and Agreements of the Subscriber.
The Subscriber hereby represents, warrants and agrees as follows:
3.1 Organization and Standing of the Subscriber. If the Subscriber is an entity, such
Subscriber is a corporation, partnership or other entity duly incorporated or organized, validly
existing and in good standing under the laws of the jurisdiction of its incorporation or organization
and has the requisite corporate power to own its assets and to carry on its business.
3.2 Authority; Enforceability. The Subscriber has the requisite power and authority to
enter into and perform this Agreement and to purchase the Series A Preferred Units being sold to
it hereunder. The execution, delivery and performance of this Agreement by the Subscriber and
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the consummation by it of the transaction contemplated hereby has been duly authorized by all
necessary corporate or partnership action, and no further consent or authorization of the Subscriber
or its board of directors, stockholders, partners, members, as the case may be, is required. This
Agreement and other agreements delivered together with this Agreement or in connection herewith
have been duly authorized, executed and delivered by the Subscriber and constitutes, or shall
constitute when executed and delivered, valid and binding agreements enforceable in accordance
with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization,
moratorium and similar laws of general applicability relating to or affecting creditors’ rights
generally and to general principles of equity; and the Subscriber has full corporate power and
authority necessary to enter into this Agreement and such other agreements and to perform its
obligations hereunder and under all other agreements entered into by the Subscriber relating
hereto.
3.3 No Conflicts. The execution, delivery and performance of this Agreement and the
consummation by the Subscriber of the transactions contemplated hereby or relating hereto do not
and will not (i) result in a violation of the Subscriber’s charter documents or bylaws or other
organizational documents or (ii) conflict with, or constitute a default (or an event which with notice
or lapse of time or both would become a default) under, or give to others any rights of termination,
amendment, acceleration or cancellation of any agreement, indenture or instrument or obligation
to which the Subscriber is a party or by which its properties or assets are bound, or result in a
violation of any law, rule, or regulation, or any order, judgment or decree of any court or
governmental agency applicable to the Subscriber or its properties (except for such conflicts,
defaults and violations as would not, individually or in the aggregate, have a material adverse
effect on the Subscriber). The Subscriber is not required to obtain any consent, authorization or
order of, or make any filing or registration with, any court or governmental agency in order for it
to execute, deliver or perform any of its obligations under this Agreement or to purchase the Series
A Preferred Units in accordance with the terms hereof, provided that for purposes of the
representation made in this sentence, the Subscriber is assuming and relying upon the accuracy of
the relevant representations and agreements of the Company herein.
3.4 No Governmental Review. The Subscriber acknowledges and accepts that no
United States federal or state agency or any other governmental or state agency has passed on or
made recommendations or endorsement of the Securities or the suitability of the investment in the
Securities nor have such authorities passed upon or endorsed the merits of the offering of the
Securities.
3.5 Securities Registration. The Subscriber acknowledges and accepts that the Series
A Preferred Units has not been registered under the Securities Act or related laws and regulations
or any other applicable securities laws of any other jurisdiction (collectively, the “Securities
Laws”). The Subscriber understands that it, he or she has no rights whatsoever to request, and that
the Company is under no obligation whatsoever to furnish, a registration of the Series A Preferred
Units under the Securities Laws.
3.6 Confidentiality. The Subscriber hereby acknowledges and agrees that all of the
information appearing herein and otherwise provided to the Subscriber in connection with the
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purchase of the Series A Preferred Units made hereby is confidential and that the Subscriber and
the Subscriber’s representatives and agents shall treat the same as confidential and may not
disclose such information to any person that is not a party to the transactions contemplated hereby.
3.7 Investment Company Act. The Subscriber understands that the Company has not
been registered as an investment company under the Investment Company Act in reliance upon an
exemption from registration provided by Section 3(c)(1) thereunder (which exemption is generally
available only to an issuer, the securities of which are beneficially owned by not more than 100
persons as defined in the Investment Company Act). The Subscriber hereby further represents and
warrants that it is not a participant-directed defined contribution plan.
3.8 Additional Information. The Subscriber acknowledges that they may be requested,
at the Company's discretion and in compliance with the Jumpstart Our Business Startups Act (the
"JOBS Act") legislation enacted by the President of the United States on April 5, 2012, to provide
current financial and other relevant information. This information will be used to assess whether
the Subscriber is eligible to purchase the Series A Preferred Units.
4. Representations, Warranties and Agreements of the Company.
The Company hereby makes the following representations, warranties, and agreements,
and commits to promptly notifying the Subscriber of any changes or updates to these:
4.1 Organization and Standing. The Company was organized under the laws of the
State of Georgia on October 22, 2024. The Company’s business address on the date hereof is 414
Marion Spence Road Suite A, Ball Ground, GA 30107. The Company undertakes the
responsibility to promptly inform all relevant parties in writing about any changes to this
designated address. The Company has the requisite limited liability company power to own its
properties and to carry on its business as now being conducted and as presently proposed to be
conducted.
4.2 Authorization and Power. The Company has the requisite limited liability company
power and authority to execute and perform this Agreement. This Agreement has been duly
executed and delivered by the Company and constitutes its valid and binding obligation,
enforceable against it in accordance with its terms, except to the extent that its enforceability may
be limited by applicable bankruptcy, insolvency, reorganization or other laws affecting the
enforcement of creditors’ rights generally or by general equitable principles.
5. Transfer Restrictions.
5.1 General. The Subscriber acknowledges and agrees to the fact that the sale or
transfer of the Series A Preferred Units is subject to certain restrictions, which include:
(a) No Registration. The Series A Preferred Units has not been registered under
the Securities Act or the laws of any other jurisdiction by reason of a specific exemption
or exemptions from registration under the Securities Act and applicable state securities
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laws, and that the Company’s reliance on such exemptions is predicated on the accuracy
and completeness of the Subscriber’s representations, warranties, acknowledgments and
agreements herein. The Series A Preferred Units cannot be sold or transferred by the
Subscriber unless subsequently registered under applicable law or an exemption from
registration is available. The Company is not required to register the Series A Preferred
Units or to make any exemption from registration available.
(b) Opinion. The right to sell or transfer any of the Series A Preferred Units will
be restricted as described in this Agreement which include restrictions against sale or
transfer in violation of applicable securities laws, the requirement that an opinion of
counsel be furnished that any proposed sale or transfer will not violate such laws and other
restrictions and requirements.
(c) No Public Market. Currently, there is no public market for the Series A
Preferred Units and the Company does not assure the development of such a market in the
future. The Subscriber acknowledges that the ability to sell the Series A Preferred Units
may be limited. Accordingly, the Subscriber must bear the economic risk of the
Subscriber’s investment in the Series A Preferred Units for an indefinite period of time.
5.2 Legend. The Subscriber acknowledges that the certificates representing the Series
A Preferred Units, if issued by the Company, will bear the a legend substantially in the form of the
following:
“THESE SERIES A PREFERRED UNITS HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE
SECURITIES LAWS. NEITHER THESE SERIES A PREFERRED UNITS, NOR
ANY INTEREST THEREIN, MAY BE OFFERED, SOLD, TRANSFERRED,
PLEDGED OR OTHERWISE DISPOSED OF, EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT OR SUCH
LAWS OR AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND
SUCH LAWS. ANY SUCH ACTIONS MUST BE IN ACCORDANCE WITH THE
OPINION OF COUNSEL FOR THE LENDER, WHICH IS REASONABLY
SATISFACTORY TO COUNSEL FOR THE BORROWER.”
5.3 Sale Requirements. The Subscriber agrees that he/she/it will not offer to sell, sell
or transfer the Series A Preferred Units or any part thereof or interest therein without registration
under the Securities Act and applicable state securities laws or without providing to the Company
an opinion of counsel acceptable to the Company that such offer, sale or transfer is exempt from
registration under the Securities Act and under applicable state securities laws or otherwise in
violation of this Agreement, the Operating Agreement or any of the Company’s other governing
documents.
6. Representations and Warranties Regarding Verification of Subscription Funds.
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Before making the following representations and warranties, the Subscriber should check
the Office of Foreign Assets Control (“OFAC”) website at <http://www.treas.gov/ofac> with
respect to federal regulations and executive orders administered by OFAC which prohibit,
among other things, the engagement in transactions with, and the provision of services to,
certain foreign countries, territories, entities and individuals which are listed on the OFAC
website. In addition, the programs administered by OFAC (the “OFAC Programs”) prohibit
dealing with individuals1 or entities in certain countries regardless of whether such
individuals or entities appear on the OFAC lists. Please be advised that the Company may
not accept any amounts from a prospective investor if such prospective investor cannot make
the representation set forth below. The Subscriber agrees to promptly notify the Company
should the Subscriber become aware of any change in the information set forth in these
representations.
The Subscriber represents and warrants that:
6.1 OFAC List Countries. The amounts invested by the Subscriber in the Company in
the Offering were not and are not directly or indirectly derived from activities that contravene
federal, state or international laws and regulations, including anti-money laundering laws and
regulations. Federal regulations and Executive Orders administered by OFAC prohibit, among
other things, the engagement in transactions with, and the provision of services to, certain foreign
countries, territories, entities and individuals. The lists of OFAC prohibited countries, territories,
persons and entities can be found on the OFAC website at <http://www.treas.gov/ofac>. In
addition, the OFAC Programs prohibit dealing with individuals2 or entities in certain countries
regardless of whether such individuals or entities appear on the OFAC lists;
6.2 OFAC List Entity. To the best of the Subscriber’s knowledge, none of: (1) the
Subscriber; (2) any person controlling or controlled by the Subscriber; (3) if the Subscriber is a
privately-held entity, any person having a beneficial interest in the Subscriber; or (4) any person
for whom the Subscriber is acting as agent or nominee in connection with this investment is a
country, territory, individual or entity named on an OFAC list, or a person or entity prohibited
under the OFAC Programs;
6.3 Account Freeze. The Subscriber understands and acknowledges that, by law, the
Company may be obligated to “freeze the account” of the Subscriber, either by prohibiting
additional subscriptions from the Subscriber, suspending any redemption requests and/or
segregating the assets in the account in compliance with governmental regulations;
6.4 Suspension of Redemption Right. The Subscriber acknowledges that the Company
may, by written notice to the Subscriber, suspend the redemption rights, if any, of the Subscriber
if the Company reasonably deems it necessary to do so to comply with anti-money laundering
1 These individuals include specially designated nationals, specially designated narcotics traffickers and other
parties subject to OFAC sanctions and embargo programs.
2 These individuals include specially designated nationals, specially designated narcotics traffickers and other
parties subject to OFAC sanctions and embargo programs.
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regulations applicable to the Company or any of the Company’s service providers. These
individuals include specially designated nationals, specially designated narcotics traffickers and
other parties subject to OFAC sanctions and embargo programs;
6.5 Senior Foreign Political Figure. To the best of the Subscriber’s knowledge, none
of: (1) the Subscriber; (2) any person controlling or controlled by the Subscriber; (3) if the
Subscriber is a privately-held entity, any person having a beneficial interest in the Subscriber; or
(4) any person for whom the Subscriber is acting as agent or nominee in connection with this
investment is a senior foreign political figure3, or any immediate family member4 or close
associate5 of a senior foreign political figure, as such terms are defined in their respective footnotes;
6.6 Foreign Banks. If the Subscriber is affiliated with a non-U.S. banking institution
(a “Foreign Bank”), or if the Subscriber receives deposits from, makes payments on behalf of, or
handles other financial transactions related to a Foreign Bank, that: (1) the Foreign Bank has a
fixed address, other than solely an electronic address, in a country in which the Foreign Bank is
authorized to conduct banking activities; (2) the Foreign Bank maintains operating records related
to its banking activities; (3) the Foreign Bank is subject to inspection by the banking authority that
licensed the Foreign Bank to conduct banking activities; and (4) the Foreign Bank does not provide
banking services to any other Foreign Bank that does not have a physical presence in any country
and that is not a regulated affiliate; and
6.7 Notification of Changes. The Subscriber understands, acknowledges and agrees
that if the Subscriber becomes aware of any change in the information set forth in these
representations that the Subscriber shall promptly notify the Company of such changes.
7. Subscription Irrevocable by Subscriber but Subject to Rejection by the Company.
7.1 Irrevocable by Subscriber. This Agreement is not, and shall not be, revocable by
the Subscriber, except in the event of a material breach of this Agreement by the Company, as
determined by a court of competent jurisdiction.
7.2 Company Termination or Withdrawal. The Company, in its sole discretion, has the
right to terminate or withdraw the Offering at any time, to accept or reject subscriptions in other
than the order in which they were received, to reject any subscription in whole or in part, to allot
3 A “senior foreign political figure” is defined as a senior official in the executive, legislative, administrative,
military or judicial branches of a foreign government (whether elected or not), a senior official of a major foreign
political party, or a senior executive of a foreign government-owned corporation. In addition, a “senior foreign political
figure” includes any corporation, business or other entity that has been formed by, or for the benefit of, a senior foreign
political figure.
4 An “Immediate family” of a senior foreign political figure typically includes the figure’s parents, siblings,
spouse, children and in-laws.
5 A “close associate” of a senior foreign political figure is a person who is widely and publicly known to
maintain an unusually close relationship with the senior foreign political figure, and includes a person who is in a
position to conduct substantial domestic and international financial transactions on behalf of the senior foreign political
figure.
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to the Subscriber less than the value of Series A Preferred Units subscribed for, and to return the
amount paid by the Subscriber, less any administrative fees incurred by the Company.
7.3 Not Binding. The Subscriber understands and agrees that this Agreement is not
binding upon the Company until the Company accepts it, which acceptance is at the sole discretion
of the Company and is to be evidenced by the Company’s completion, execution and delivery of
this Agreement, fully executed, to the relevant Subscriber.
7.4 Company Rejection. In the event of rejection of this subscription in whole (but not
in part), or if the sale of the Series A Preferred Units subscribed for by the Subscriber is not
consummated by the Company for any reason (in which event this Agreement shall be deemed to
be rejected), this Agreement and any other agreement entered into between the Subscriber and the
Company relating to this subscription shall thereafter have no force or effect and the Company
shall promptly cause to be returned to the Subscriber the Purchase Price remitted by the Subscriber,
without interest thereon or deduction therefrom. If this subscription is accepted in part, the
Company shall promptly cause to be returned to the Subscriber that portion of the Purchase Price
remitted by the Subscriber which represents payment for the Series A Preferred Units for which
this subscription was not accepted, without interest thereon or deduction therefrom.
8. Indemnification.
The Subscriber hereby indemnifies and holds harmless the Company, its members,
managers, officers, directors, agents, employees, advisors, affiliates and successors from and
against all liability, damage, claims, losses, costs and expenses (including, but not limited to,
reasonable attorneys’ fees, court costs, and any other expenses incurred) which it may incur by
reason of the failure of the Subscriber to fulfill any of the terms and conditions of this Agreement,
or by reason of any breach of the representations and warranties made by the Subscriber herein or
in any document provided by the Subscriber to the Company or any of its affiliates.
9. Miscellaneous.
9.1 Notices. All notices, demands, requests, consents, approvals and other
communications that may or are required to be given by either party to the other party hereunder
shall be deemed to be sufficient if in writing and (i) delivered in person, (ii) delivered and received
by facsimile, if a confirmatory mailing in accordance herewith is also made, (iii) duly sent by
registered mail return receipt requested and postage prepaid, or (iv) duly sent by overnight delivery
service, in each case as addressed to such party at the address set forth below:
If to the Company, to:
414 Marion Spence Road
Suite A
Ball Ground, GA 30107
With a copy to the 3rd party administrator:
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Industry FinTech Inc
20900 NE 30th Ave
Suite 510
Aventura, FL 33180
If to the Subscriber:
To the address listed on the Signature Page
All notices, demands, requests, consents, approvals and other communications shall be deemed to
have been received (i) at the same time it was personally delivered, (ii) on the receipt of delivery
by facsimile if accompanied by a confirmatory mailing, (iii) five (5) days after mailing via
registered mail return receipt requested whether signed for or not, to the foregoing persons at the
addresses set forth above or (iv) the next day when sent by overnight delivery service, (v)
immediately upon sending an email, provided that no "bounce-back" or similar message indicating
non-delivery is received. The above shall constitute service despite rejection or other refusal to
accept or inability to deliver because of changed address for which no notice has been received.
9.2 Construction; Governing Law. All issues and questions concerning the
construction, validity and interpretation of this Agreement and all matters pertaining hereto shall
be governed by and construed in accordance with the laws of the State of Georgia, without regard
to any choice of law or conflict of law rules or provisions (whether of the State of Georgia or any
other jurisdiction) that would cause the application of the laws of any jurisdiction other than the
State of Georgia.
9.3 Consent to Jurisdiction. THE PARTIES HERETO IRREVOCABLY AGREE
THAT ALL ACTIONS OR PROCEEDINGS IN ANY WAY ARISING OUT OF OR RELATED
TO THIS AGREEMENT WILL BE LITIGATED SOLELY IN THE VENUE AND
JURISDICTION OF THE STATE AND FEDERAL COURTS LOCATED IN THE STATE OF
GEORGIA. THE PARTIES HEREBY CONSENT AND SUBMIT TO THE JURISDICTION OF
ANY COURT LOCATED WITHIN THE STATE OF GEORGIA, WAIVE PERSONAL
SERVICE OF PROCESS AND AGREE THAT ALL SUCH SERVICE OF PROCESS MAY BE
MADE BY REGISTERED MAIL DIRECTED TO THE PARTIES AT THE ADDRESS
STATED IN THE NOTICE PROVISIONS OF THIS AGREEMENT, AND SERVICE SO MADE
WILL BE DEEMED TO BE COMPLETED UPON ACTUAL RECEIPT. THE PREVAILING
PARTY(IES) IN ANY SUCH ACTION OR PROCEEDING SHALL BE ENTITLED TO
RECOVER ITS REASONABLE ATTORNEYS’ FEES AND COSTS FROM THE OTHER
PARTY(IES).
9.4 Waiver of Jury Trial. THE PARTIES HERETO, HAVING BEEN
REPRESENTED BY COUNSEL, EACH KNOWINGLY AND VOLUNTARILY WAIVE ANY
RIGHT TO A TRIAL BY JURY IN ANY SUIT, ACTION OR PROCEEDING, WHETHER
CLAIM OR COUNTERCLAIM, BROUGHT OR INSTITUTED BY EITHER PARTY OR ANY
SUCCESSOR OR ASSIGN OF EITHER PARTY (a) UNDER THIS AGREEMENT OR ANY
RELATED AGREEMENT OR UNDER ANY AMENDMENT, INSTRUMENT, DOCUMENT
14
OR AGREEMENT DELIVERED OR WHICH MAY IN THE FUTURE BE DELIVERED IN
CONNECTION WITH THIS AGREEMENT OR (b) ARISING FROM ANY RELATIONSHIP
EXISTING IN CONNECTION WITH THIS AGREEMENT, AND AGREES THAT ANY SUCH
ACTION OR PROCEEDING WILL BE TRIED BEFORE A COURT AND NOT BEFORE A
JURY. EACH PARTY AGREES THAT IT WILL NOT ASSERT ANY CLAIM AGAINST THE
OTHER PARTY ON ANY THEORY OF LIABILITY FOR SPECIAL, INDIRECT,
CONSEQUENTIAL, INCIDENTAL OR PUNITIVE DAMAGES, EXCEPT WHERE CAUSED
BY THE OTHER PARTY'S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT.
9.5 Construction. In construing this Agreement, the singular shall be held to include
the plural, the plural shall include the singular, the use of any gender shall include every other and
all genders, and captions and paragraph headings shall be disregarded.
9.6 Severability. The invalidity of any one or more of the words, phrases, sentences,
clauses, sections or subsections contained in this Agreement shall not affect the enforceability of
the remaining portions of this Agreement or any part hereof, all of which are inserted conditionally
on their being valid in law, and, in the event that any one or more of the words, phrases, sentences,
clauses, sections or subsections contained in this Agreement shall be declared invalid, this
Agreement shall be construed as if such invalid word or words, phrase or phrases, sentence or
sentences, clause or clauses, section or sections, or subsection or subsections had not been inserted.
9.7 Section Headings. The section and other headings contained in this Agreement are
for reference purposes only and shall not affect the meaning or interpretation of any provisions of
this Agreement.
9.8 Counterparts. This Agreement may be executed in any number of counterparts
(including by facsimile transmission or electronic signature) and by the several parties hereto in
separate counterparts, each of which shall be deemed to be an original and all of which together
shall be deemed to be one and the same instrument.
9.9 Entire Agreement. This Agreement constitutes the entire agreement between the
parties hereto with respect to the transactions contemplated hereby and supersedes all prior
agreements, understandings, negotiations and discussions, both written and oral, between the
parties hereto with respect to the subject matter hereof. This Agreement may not be amended or
modified in any way except by a written instrument executed by the party against whom
enforcement of the change is sought.
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The undersigned Subscriber hereby agrees to purchase _________ Series A Preferred
Units, at an aggregate Purchase Price of US$________ and is tendering such amount pursuant
to the provisions of Section 1.3 hereof.
Date: _____________
Signature of Subscriber
Print Name of Subscriber
Residence/Domicile:
Number and Street
_____________________________
City/State/Zip
_____________________________
Country
Social Security/Taxpayer
Identification Number(s): _____________________________
The Company hereby accepts the foregoing subscription for _______ Series A Preferred Units as
of ______________.
ZERO ENERGY DEVELOPMENT PARTNERS LLC
By: ___________________________
Name: Bernard Oostra
Title: Manager
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