EX-10.17 8 dex1017.htm NASSER SERIES C SUBSCRIPTION AGREEMENT Nasser Series C Subscription Agreement

Exhibit 10.17

 

Subscription Agreement

for Placement of Avicena Group, Inc. Units

 

By its execution and delivery of this subscription agreement, the undersigned Subscriber hereby joins in and agrees to purchase the aggregate number of Units set forth below:

 

    102,000        Units, each consisting on One Share of Series C Preferred Stock and one Warrant (exercisable for $0.01 to purchase One additional Share of Common Stock) at $1.00 per Unit, for an aggregate purchase price of:      $102,000    

 

/s/ Nasser Menhall       August 15, 2004
Signature       Date

 

Nasser Menhall

Investor or Investing Entity Name

 

C/o World Care One Cambridge Ctr.

Cambridge, MA 02142

   (617) 250-5161   

__________________________

Investor’s Address    Telephone    Fax

 

Please wire your subscription to:

Sachnoff & Weaver, Ltd.

Client Escrow Account

   
ACCOUNT NAME:   

Sachnoff & Weaver Ltd.

    

ACCOUNT NUMBER:

BANK NAME:

ABA ROUTING NUMBER:

  

1894668

Northern Trust Bank

071000152

    
REMARKS:   

Avicena Private Placement

    
   
Note:   

Call Gail Carone at (312) 651-1515

    

 

Please indicate the name of the investor or investing entity on the wire transfer so that we may more easily identify the transferor. Funds should be wired in US Dollars. In addition, please note that the wire transfer fees may be taken out of the funds that are wired and that sufficient funds should be wired to cover these fees. This form should be telefaxed to the following with the original to follow by mail.

 

Ms. Gail Carone

Fax: 312-207-6400

 


Agreed and accepted to as to

102,000 Units at $1.00 per share:

 

AVICENA GROUP, INC.

By:

 

/s/ Nasser Menhall

Name:

 

Nasser Menhall

Title:

 

President

Date:

 

August 15, 2004