Urban Television Network Corp. (OTC:URBT)

Investment Subscription Agreement

 

ORDER # {{order_id}}

The Company shall sell to the Subscriber {{billing_first_name}} {{billing_last_name}} located at:

{{products_quantity_in_cart}} Shares of Urban Television Network common stock at a price of $5.00 per share for a total amount of {{order_total}}.

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INTERNATIONAL
THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE OR OTHER SECURITIES AUTHORITIES. THEY MAY NOT BE SOLD OR TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR AN EXEMPTION TO THE REGISTRATION REQUIREMENTS OF THOSE SECURITIES LAWS.

THIS SUBSCRIPTION AGREEMENT DOES NOT CONSTITUTE AN OFFER TO SELL, OR A SOLICITATION OF AN OFFER TO PURCHASE, ANY OF THE SECURITIES DESCRIBED HEREIN BY OR TO ANY PERSON IN ANY JURISDICTION IN WHICH SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

THESE SECURITIES HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL, STATE OR FOREIGN SECURITIES AUTHORITIES, NOR HAVE ANY SUCH AUTHORITIES REVIEWED OR DETERMINED THE ACCURACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL. INVESTORS MUST RELY ON THEIR OWN ANALYSIS OF THE INVESTMENT TERMS AND CONDITIONS OF THE PROPOSED INVESTMENT AND THEIR OWN ASSESSMENT OF THE RISKS INVOLVED.

This investment is exclusively for International Investors that are citizens of any country other than the United States.

These shares are being offer under 506c of Regulation D of the U.S. securities code. This Subscription Agreement (the “Agreement”) is executed by the undersigned (the “Subscriber”) in connection with the offer to the Subscriber of, and the subscription by the Subscriber for, shares of Common Stock, (the “Common Stock”), of Urban Television Network Corp (URBT), a Nevada corporation (the “Company”). 

The solicitation of this Subscription by the Company, and if accepted by the Company, the sale of the shares of
Common Stock subscribed for, are being made on reliance upon the provisions of Rule 506c of Regulation D
(“Regulation D”) promulgated under the United States Securities Act of 1933 (the “Securities Act”).

The undersigned Subscriber and the Company, upon acceptance of this Agreement, hereby agree as follows:


1. Offering

1.1 Offer to Subscribe; Purchase Price and Closing; and Placement Fees. Subject to satisfaction of the
conditions to the closing of a purchase and sale of Common Stock as to each purchaser of Common Stock (the
“Closing”) set forth in Section 1.2 below, the Subscriber hereby offers to subscribe for and purchase shares of
Common Stock, for the aggregate purchase price set forth in Section 8 of this Agreement, all in accordance
with the terms and conditions of this Agreement. The Closing shall be deemed to occur when this Agreement has been executed by both the Subscriber and the Company, and full payment for the shares of Common Stock subscribed for shall have been made by the Subscriber, by wire transfer in United States Dollars or as otherwise agreed between the
Subscriber and the Company, to the Company as set forth in Section 7.1(a) in consideration for the Company’s
delivery of certificates representing the shares of Common Stock so subscribed for.

1.2 Conditions to Subscriber’s Obligations. The Subscriber’s obligations hereunder are conditioned upon the
occurrence of all of the following:

(a) other than as described on Schedule 1.2 attached hereto, there have been no material adverse changes
in the Company’s business prospects or financial condition since the date of the last balance sheet included in
the Disclosure Documents (as defined below in Section 4.2).
(b) the representations and warranties of the Company shall be true and correct in all material respects on
the date of Closing, as if made on such date, and the Company shall deliver a certificate, signed by an officer of
the Company, to such effect; and
(c) the Subscription Agreement has been accepted by the Company.

1.3 Covenant to Include Stock in Registration Statement on Form S-2. The Company hereby covenants and
agrees that these shares of Common Stock subscribed for herein will be registered on a registration statement
on Form S-2 to be filed within the Securities and Exchange Commission under the Securities Act of 1933, as
amended.

2. Representations and Warranties of the Subscriber. The Subscriber hereby represents and warrants to
the Company as follows (which representations and warranties shall be true as of the date of Closing):

2.2 Investment Experience; Access to Information; Independent Investigation

2.2.1 Access to Information. The Subscriber or its professional advisor has been granted the opportunity to
ask questions of and receive answers from representatives of the Company, and its officers, directors,
employees and agents concerning the terms and conditions of the Offering, and the Company and its business
and prospects, and to obtain any additional information which the Subscriber or its professional advisor deems
necessary to verify the accuracy of the information received. The foregoing, however, does not limit or modify
the Subscriber’s right to rely upon representations and warranties of the Company in Section 4 of this
Agreement.

2.2.2 Ability to Evaluate. The Subscriber has such knowledge and experience in financial and business
matters that it is fully capable of evaluating the merits and risks of an investment in the Company, including
without limitation those set forth in the Disclosure Documents (as defined below in Section 4.2).

2.2.3 Disclosure Documents. The Subscriber has received and reviewed the Disclosure Documents (as
defined below in Section 4.2). The foregoing, however, does not limit or modify the Subscriber’s right to rely
upon the representations and warranties of the Company in Section 4 of this Agreement.

2.2.4 Investment Experience; Fend for Self. The Subscriber has substantial experience in investing in
securities and has made investments in securities other than those of the Company. The Subscriber is, if
located outside the United States, is an expert in investing and/or has consulted an expert and has time to
review and understand the risks and opportunities associated with said investment. The Subscriber
acknowledges that it is able to fend for itself in the transaction contemplated by this Agreement and that it has
the ability to bear the economic risk of its investment in the Company. The Subscriber has not been organized
for the purpose of investing in securities of the Company.

2.2.5 Not an Affiliate. The Subscriber is not an officer, director or “affiliate” (as that term is defined in Rule 415
of the Securities Act) of the Company.

2.3 Exempt Offering Under Regulation D

2.3.1 Investment; No Distribution. The Subscriber is acquiring the shares of Common Stock subscribed for
(the “Common Shares”) solely for investment purposes for the Subscriber’s own account (or for beneficiaries’
accounts over which the Subscriber has investment discretion but no discretionary authority as to voting or
disposition) and not with a view to a distribution of all or any part thereof. The Subscriber is aware that there
are legal and practical limits on its ability to sell or dispose of the Common Shares and therefore, that the
Subscriber must bear the economic risk of its investment for an indefinite period of time. The Subscriber has
adequate means of providing for its current needs and anticipated contingencies and has no need for liquidity
of this investment. The Subscriber’s commitment to illiquid investments is reasonable in relation to its net worth.

2.3.2 No Registration of Common Shares. The Subscriber understands that the Common Shares are not
registered and therefore are “restricted securities” under the federal securities laws inasmuch as they are being
acquired from the Company in a transaction not involving a public offering, and that, under such laws and
applicable regulations, such securities may not be transferred or resold without registration under the Securities
Act or pursuant to an exemption therefrom. In this connection, the Subscriber represents that it is familiar with
Rule 144 under the Securities Act, as presently in effect, and understands the resale limitations imposed
thereby and by the Securities Act.

2.3.3 Disposition. Without in any way limiting the representations set forth above, the Subscriber further
agrees not to make any disposition of all or any portion of the Securities unless and until:

(a) There is then in effect a registration statement under the Securities Act covering such proposed disposition
and such disposition is made in accordance with such Registration Statement; or

(b) The Subscriber shall have notified the Company of the proposed disposition and shall have furnished the
Company with a detailed statement of the circumstances surrounding the proposed disposition, and (ii) if
reasonably requested by the Company, the Subscriber shall have furnished the Company with an opinion of
counsel, reasonably satisfactory to the Company, that such disposition will not require registration of the
Common Shares under the Securities Act.

2.4 Due Authorization.

2.4.1 Authority. The Subscriber, if executing this Subscription Agreement in a representative or fiduciary
capacity, has full power and authority to execute and deliver this Subscription Agreement and each other
document referred to herein for which a signature is required in such capacity and on behalf of the subscribing
individual, partnership, trust, estate, corporation, or other entity for whom or which the Subscriber is executing
this Subscription Agreement.

2.4.2 Due Authorization. The Subscriber, if an entity, is duly and validly organized, validly existing and in good
standing as such entity under the laws of the jurisdiction of its organization, with full power and authority to
purchase the Common Shares subscribed for and to execute and deliver this Agreement.

3. Acknowledgments. The Subscriber is aware of the following:

3.1 Risks of Investment. The Subscriber recognizes that investment in the Company involves certain risks,
including the potential loss of the Subscriber’s investment herein. The Subscriber recognizes that this
Agreement and the exhibits hereto do not purport to contain all the information which would be contained in a
registration statement under the Securities Act;

3.2 No Government Approval. The Subscriber acknowledges that no federal, state or foreign agency has
passed upon or reviewed the terms and conditions of the Offering or made any finding or determination as to
the fairness of the Offering;

3.3 Restrictions on Transfer. The Subscriber may not sell, transfer, assign, pledge or otherwise dispose of all
or any portion of the Securities in the absence of either an effective registration statement or an exemption from
the registration requirements of the Securities Act and applicable state securities law;

3.4 Exempt Transaction. The Common Shares are being offered and sold in reliance on specific exemptions
from the registration requirements of federal and state law and the Subscriber’s representations, warranties,
agreements, acknowledgments and applicability of such exemptions and the suitability of the Subscriber to
acquire Common Shares.

3.5 Legends. It is understood that any certificates evidencing the Common Shares shall bear the following
legend:

“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS, NOR THE SECURITIES LAWS
OF ANY OTHER JURISDICTION. THEY MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF AN
EFFECTIVE REGISTRATION STATEMENT UNDER THOSE SECURITIES LAWS OR AN OPINION OF
COUNSEL, REASONABLY SATISFACTORY TO THE COMPANY, THAT THE SALE OR TRANSFER IS
PURSUANT TO AN EXEMPTION TO THE REGISTRATION REQUIREMENTS OF THOSE SECURITIES
LAWS.”

4. Representations and Warranties of the Company. The Company hereby makes the following
representations and warranties to the Subscriber, except as disclosed in the Disclosure Documents or
otherwise disclosed to Subscriber, which representations and warranties shall be true as of the date of
acceptance of this Agreement by the Company and as of Closing:

4.1 Organization, Good Standing, and Qualification. The Company is a corporation duly organized, validly
existing and in good standing under the laws of the State of Nevada and has all requisite corporate power and
authority to carry on its business as now conducted and as currently proposed to be conducted. The Company
is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify
would have a material adverse effect on the business or properties of the Company and its subsidiaries taken
as a whole. The Company is not the subject of any pending or, to its knowledge, threatened or contemplated
investigation or administrative or legal proceeding by the Internal Revenue Service, the taxing authorities of any
state or local jurisdiction, or the Securities and Exchange Commission, or any state securities commission, or
any other governmental entity, which are required to be disclosed in the Disclosure Documents and have not
been disclosed.

4.2 Corporate Condition. The Company has timely filed all forms, and reports and documents with the
Securities and Exchange Commission required to be filed by it under the Securities Exchange Act 1934, as
amended (the “Exchange Act”) through the date hereof (collectively, the “SEC Reports”). Each of the SEC
Reports, at the time filed, complied in all material respects with the requirements of the Exchange Act. The
Company has made available to the Subscriber a copy of the Company’s Form 10-K for the fiscal year ended
September 30, 2020, and a copy of the Company’s Forms 10-K, filed by the Company since March 12, 2021
(the “Most Recent Filings Report”). Other than as set forth in Schedule 4.2 attached hereto and made a part
hereof, there have been no material adverse changes in the Company’s business, prospects, operations, or
financial condition since the date of the Most Recent Filings Report. The SEC Reports, together with Schedule 4.2 and any other documents listed on Schedule 4.2(a) attached hereto and made a part hereof and furnished
herewith by the Company to the Subscriber are referred to collectively as the “Disclosure Documents.” The
financial statements contained in the Disclosure Documents have been prepared in accordance with generally
accepted accounting principles, consistently applied, and fairly present in all material respects the consolidated
financial condition of the Company as of the dates of the balance sheets included therein and the consolidated
results of its operations and cash flows for the periods then ended. Without limiting the foregoing, there are no
material liabilities, contingent or actual that are not disclosed in the Disclosure Documents (other than liabilities
incurred by the Company in the ordinary course of its business, consistent with its past practice, after the
periods covered by the Disclosure Documents). The Company has paid all material taxes which are due,
except for taxes which its reasonably disputes. There is no material claim, litigation, or administrative
proceeding pending, or, to the best of the Company’s knowledge, threatened or contemplated against the
Company, except as disclosed in the Disclosure Documents. This Agreement and the Disclosure Documents
do not contain any untrue statement of material fact and do not omit to state any material fact required to be
stated therein or herein necessary to make the statements contained therein or herein not misleading in the
light of the circumstances under which they were made.

4.3 Authorization. All corporate action on the part of the Company by its officers, directors and shareholders
necessary for the authorization, execution and delivery of this Agreement, the performance of all obligations of
the Company hereunder and the authorization, issuance and delivery of the Common Shares have been taken,
and this Agreement constitutes valid and legally binding obligations of the Company, enforceable in accordance
with their terms; provided, however that enforceability is subject to: (i) applicable bankruptcy, reorganization,
insolvency, moratorium, fraudulent conveyance, and similar federal and state laws affecting the rights and
remedies of creditors generally, and (ii) general principles of equity limiting the availability of equitable remedies
in equity. The Company has obtained all consents and approvals required for it to execute, deliver, and perform
this Agreement.

4.4 Valid Issuance of Common Shares. The Common Shares, when issued, sold and delivered in accordance
with the terms hereof, for the consideration expressed herein, will be validly issued, fully paid and
nonassessable and, based in part upon the representations of the Subscriber in this Agreement, will be issued
in compliance with all applicable federal and state securities laws. The Common Shares will be issued free of
any preemptive rights.

4.5 Compliance with Other Instruments. The Company is not in violation or default of any provisions of its
Restated Articles of Incorporation or Bylaws as amended and in effect on and as of the date of this Agreement
or of any material provision of any material instrument or contract to which it is a party or by which it is bound
or, to its knowledge, of any provision of any federal or state judgment, writ, decree, order, statute, rule or
governmental regulation applicable to the Company, which would have a material adverse effect on the
Company’s business or prospects, except as described in the Disclosure Documents. The execution, delivery
and performance of this Agreement and the consummation of the transactions contemplated hereby will not
result in any such violation or be in conflict with or constitute, with or without the passage of time and giving of
notice, either a default under any such provision, instrument or contract or an event which results in the
creation of any lien, charge or encumbrance upon any assets of the Company.

4.6 Reporting Company. The Company is subject to the reporting requirements of the Exchange Act and has
a class of securities registered under Section 12 or Section 15 of the Exchange Act. When requested by the
Subscriber, the Company shall furnish copies of reports filed by the Company with the Securities and Exchange
Commission.

4.7 Authorized and Issued Shares. The authorized and issued shares of the Company preferred stock,
Common Stock and warrants, options, and instruments convertible into Common Stock.

4.8 Use of Proceeds. As of the date hereof, the Company expects to use the proceeds from the Offering (less
fees and expenses) for the purposes set forth on hereto. These purposes are estimates and are subject to
change but represent the Company’s good faith best estimate of anticipated uses.

4.9 Compliance with Laws. As of the date hereof, the conduct of the business of the Company complies in all
material respects with all material statutes, laws, regulations, ordinances, rules, judgments, orders or decrees
applicable thereto. The Company has not received notice of any alleged violation of any statute, law,
regulations, ordinance, rule, judgment, order or decree from any governmental authority. The Company shall
comply with all applicable securities laws with respect to the Offering.

4.10 No Rights of Participation. No person or entity, including, but not limited to, current or former
shareholders of the Company, underwriters, brokers, agents or other third parties, has any right of first refusal,
preemptive right, right of participation, or any similar right to participate in the Offering which has not been
waived.

4.11 Disclosures. There is no fact known to the Company (other than general economic conditions known to
the public generally) that has not been disclosed in the Disclosure Documents that (a) could reasonably be
expected to have a material adverse effect on the business, financial condition or results of operations of the
Company, or which could reasonably be expected to materially and adversely affect the properties or assets of
the Company or (b) could reasonably be expected to materially and adversely affect the ability of the Company
to perform its obligations pursuant to this Agreement and the issuance of the Securities.

4.12 Representations True and Correct. The foregoing representations, warranties and agreements are true,
correct and complete in all material respects, and shall survive the Closing and the issuance of the Common
Shares.

4.13 Underwriter’s Fees and Rights of First Refusal. The Company is not obligated to pay any compensation
or other fees, costs or related expenditures in cash or securities to any underwriter, broker, agent or other
representative in connection with the Offering.

5. Covenants of the Company

5.1 Independent Auditors. The Company shall, until at least two (2) years after the date of the Closing,
maintain as its independent auditors an accounting firm authorized to practice before the Securities and
Exchange Commission.

5.2 Corporate Existence and Taxes. The Company shall, until at least two (2) years after the date of the
Closing, maintain its corporate existence in good standing (provided, however, that the foregoing covenant
shall not prevent the Company from entering into any merger or corporate reorganization so long as the
surviving entity in such transaction, if not the Company, assumes all of the Company’s obligations with respect
to the Securities) and shall pay all its taxes when due, except for taxes which the Company disputes.

5.3 Filings with Securities and Exchange Commission and or OTC Markets. The Company shall, upon
request, provide the Subscriber with copies of its annual reports on Form 10-K, quarterly reports on Form 10-Q
and current reports on Form 8-K for as long as the Common Shares remain outstanding.

5.4 Listing. The Company shall use its best efforts to maintain the listing of its Common Stock on the OTC
Bulletin Board or a national securities exchange or national quotation system.

6. Miscellaneous

6.1 Representations and Warranties Survive the Closing; Severability. The Subscriber’s and the Company’s
representations and warranties shall survive the Closing of the transaction provided for hereby notwithstanding
any due diligence investigation made by or on behalf of the party seeking to rely thereon. In the event that any
provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal,
unenforceable or void, this Agreement shall continue in full force and effect without said provision.

6.2 Successors and Assigns. The terms and conditions of this Agreement shall inure to the benefit of and be
binding upon the respective successors and assigns of the parties. Nothing in this Agreement, express or
implied, is intended to confer upon any party other than the parties hereto or their respective successors and
assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as
expressly provided in this Agreement. Neither party may assign its rights hereunder without the prior written
consent of the other parties.

6.3 Governing Law. This Agreement shall be governed by and construed under the laws of the State of
Nevada without respect to conflict of laws.

6.4 Execution in Counterparts Permitted. This Agreement may be executed in any number of counterparts,
each of which shall be enforceable against the parties actually executing such counterparts, and all of which
together shall constitute one (1) instrument.

6.5 Titles and Subtitles; Gender. The titles and subtitles used in this Agreement are used for convenience
only and are not to be considered in construing or interpreting this Agreement. The use in this Agreement of a
masculine, feminine or neither pronoun shall be deemed to include a reference to the others.

6.6 Written Notices, Etc. Any notice, demand or request required or permitted to be given by the Company or
the Subscriber pursuant to the terms of this Agreement shall be in writing and shall be deemed given when
delivered personally, or by facsimile (with a hard copy to follow by overnight or two (2) day courier), addressed
to the parties at the addresses and/or facsimile telephone number of the parties set forth at the end of this
Agreement or such other address as a party may request by notifying the other in writing.

6.7 Expenses. Each of the Company and the Subscriber shall pay all costs and expenses that it respectively
incurs, with respect to the negotiation, execution, delivery and performance of this Agreement.

6.8 Entire Agreement; Written Amendments Required. This Agreement, the Common Stock certificates and
the other documents delivered pursuant hereto constitute the full and entire understanding and agreement
between the parties with regard to the subjects hereof and thereof, and no party shall be liable or bound to any
other party in any manner by any warranties, representations or covenants except as specifically set forth
herein. Neither this Agreement nor any terms hereof may be amended, waived, discharged or terminated other
than by a written instrument signed by the party against whom enforcement of any such amendment, waiver,
discharge or termination is sought.

7. Subscription and Wiring Instructions; Irrevocability.

7.1 Subscription
(a) Irrevocable Subscription. The Subscriber hereby acknowledges and agrees, subject to the provisions of any
applicable laws providing for the refund of subscription amounts submitted by the Subscriber, that this
Agreement is irrevocable and that the Subscriber is not entitled to cancel, terminate or revoke this Agreement;
provided, however, that if the conditions to Closing are not satisfied or if the Disclosure Documents are
discovered prior to Closing to contain statements which are materially inaccurate, or omit statements of
material facts, the Subscriber may revoke or cancel this Agreement.

(b) Company’s Right to Reject Subscription. This Agreement shall be accepted by the Company when the
Company countersigns this Agreement. The Subscriber hereby confirms that the Company has full right in its
sole discretion to accept or reject the subscription of the Subscriber, in whole or in part, provided that, if the
Company decides to reject such subscription, the Company must do so promptly and in writing. In the case of
rejection, the Company will promptly return any rejected payments and (if rejected in whole) copies of all
executed subscription documents (including without limitation this Agreement) to Subscriber.

7.2 Acceptance of Subscription. In the case of acceptance of this subscription, ownership of the number of
securities being purchased hereby will pass to the Subscriber upon the Closing.

7.3 Subscriber to Forward Original Signed Subscription Agreement to Company. The Subscriber agrees to
courier to the Company its original inked signed Subscription Agreement within three (3) days after
faxing/emailing said signed Agreement to the Company.

8. Number of Shares and Purchase Price. The undersigned Subscriber hereby subscribes for and agrees to
purchase Common Stock for a total purchase price (to be paid by wire transfer) in the amount of
{{order_total}} (the “Purchase Price”).

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Signed by Joseph Collins, Jr.
Signed On: May 8, 2023


Signature Certificate
Document name: URBT International Subscription
lock iconUnique Document ID: 231f8f36827ddf2f2f15245b614444624cbf8561
Timestamp Audit
April 27, 2023 10:37 am PDTURBT International Subscription Uploaded by Joseph Collins, Jr. - investorrelations@urbt.com IP 76.53.77.219