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Use this template to prepare a Subscription Agreement to purchase flow-through shares issued by a Canadian oil and gas company, with the proceeds to finance exploration. Key provisions include: The issuing corporation covenants to incur expenditures which will qualify as Canadian exploration expenses or Canadian development expenses under the Income Tax Act. The issuer represents and warrants that the shares are flow-through shares, as defined by the Act. The issuer will flow through the expenditures to the purchaser, and will file the prescribed forms with the Minister of National Revenue. The issuer will indemnify and save the purchaser harmless from any income tax payable on the flow-through shares. This Canadian flow-through shares subscription agreement is in MS Word format and is fully editable.