ROEX, INC.
                             SUBSCRIPTION AGREEMENT


         1.   SUBSCRIPTION.   The  undersigned  hereby  subscribes  to  purchase
___________  shares of the common stock, no par value (the "Common  Stock"),  of
Roex,  Inc.  (the  "Company")  for a purchase  price equal to $5.00 per share or
$______________  total. A check payable to "Roex, Inc.  Subscription Account" in
the full  amount  of the  purchase  price is  enclosed  with  this  Subscription
Agreement.


      2. SUBSCRIPTION  FUNDS. The undersigned  understands that the subscription
funds  will be held in an escrow  account  at [BANK]  ("Escrow  Agent")  or in a
segregated  account  established for such purpose by the Company,  if such funds
are received after the initial  closing on the Common Stock has taken place.  In
the event this Subscription Agreement is rejected in whole by the Company, or if
subscriptions  for a  minimum  of  500,000  shares  have not been  received  and
accepted  by the  Escrow  Agent,  the funds  will be  promptly  returned  to the
undersigned without interest or deduction,  and this Subscription Agreement will
be null and void. In the event this Subscription Agreement is accepted, in whole
or in  part,  the  funds  deposited  in the  escrow  account  or the  segregated
subscription  account  will be paid over to the Company at a closing and applied
as  described  in the  Prospectus  (and any amounts  which the  undersigned  has
tendered  in excess of the cash  subscription  for the Shares  allocated  to the
undersigned will be returned).


         3. ACKNOWLEDGEMENT. The undersigned acknowledges that, prior to signing
this Subscription  Agreement,  he or she has received the Prospectus  describing
the offering of shares of Common Stock by the Company and has carefully reviewed
the risks of, and other  considerations  relevant  to, a purchase  of the Common
Stock,  including  those  described  under the  caption  "Risk  Factors"  in the
Prospectus.


         4.  SUBSCRIPTION  IRREVOCABLE.   This  Subscription  Agreement  is  not
transferable  or assignable  and is  irrevocable,  except that the execution and
delivery of this Subscription Agreement will not constitute an agreement between
the undersigned and the Company until this subscription is accepted on behalf of
the Company.  This Subscription  Agreement shall survive the death or disability
of the undersigned and shall be binding upon the  undersigned's  heirs and legal
representatives.


         The undersigned hereby executes this Subscription Agreement as of
the ______ day of _____________________, 2000, at _____________________,
                                                        (city)
_____________.
   (state)







                               SUBSTITUTE FORM W-9
               PAYER'S REQUEST FOR TAXPAYER IDENTIFICATION NUMBERS

Under the penalties of perjury,  I certify that: (1) the Social  Security Number
or Taxpayer  Identification  Number  given  below is  correct;  and (2) I am not
subject to backup withholding. INSTRUCTION: YOU MUST CROSS OUT NUMBER 2 ABOVE IF
YOU HAVE BEEN NOTIFIED BY THE INTERNAL  REVENUE  SERVICE THAT YOU ARE SUBJECT TO
BACKUP WITHHOLDING  BECAUSE OF UNDERREPORTING  INTEREST OR DIVIDENDS ON YOUR TAX
RETURN.


MAIL TO:

Signature:___________________________

Print Name:__________________________

Federal Employer Identification Number:_____________________________

Social Security Number:_____________________________________________

Street Address:_____________________________________________________

City, State and Zip Code: __________________________________________

Telephone Number: ____________________







NO PERSON HAS BEEN  AUTHORIZED  IN  CONNECTION  WITH THE OFFERING MADE HEREBY TO
GIVE  ANY  INFORMATION  OR TO MAKE  ANY  REPRESENTATION  NOT  CONTAINED  IN THIS
PROSPECTUS AND, IF GIVEN OR MADE, SUCH INFORMATION OR REPRESENTATION MUST NOT BE
RELIED  UPON  AS  HAVING  BEEN   AUTHORIZED   BY  THE  COMPANY  OR  THE  SELLING
SHAREHOLDERS.  THIS  PROSPECTUS  DOES  NOT  CONSTITUTE  AN  OFFER  TO  SELL OR A
SOLICITATION  OF ANY OFFER TO BUY ANY OF THE  SECURITIES  OFFERED  HEREBY TO ANY
PERSON OR BY ANYONE IN ANY  JURISDICTION  IN WHICH IT IS  UNLAWFUL  TO MAKE SUCH
OFFER OR SOLICITATION. NEITHER THE DELIVERY OF THIS PROSPECTUS NOR ANY SALE MADE
HEREUNDER  SHALL,  UNDER ANY  CIRCUMSTANCES,  CREATE  ANY  IMPLICATION  THAT THE
INFORMATION  CONTAINED  HEREIN IS CORRECT AS OF ANY DATE  SUBSEQUENT TO THE DATE
HEREOF.

                               -------------------



                                TABLE OF CONTENTS


                                                                           PAGE
                                                                           ----

Prospectus Summary.............................................................
Risk Factors...................................................................
Use of Proceeds................................................................
Dividend Policy................................................................
Capitalization.................................................................
Dilution.......................................................................
Selected Financial Data........................................................
Management's Discussion and Analysis of Financial Condition and
  Results of Operations........................................................
Business.......................................................................
Management.....................................................................
Certain Transactions...........................................................
Principal and Selling Shareholders.............................................
Description of Capital Stock...................................................
Shares Eligible for Future Sale................................................
Plan of Distribution...........................................................
Legal Matters..................................................................
Experts........................................................................
Additional Information.........................................................
Index to Financial Statements.................................................

                               ------------------


UNTIL _________,  2000 (90 DAYS AFTER THE DATE OF THIS PROSPECTUS),  ALL DEALERS
EFFECTI8NG  TRANSACTIONS  IN THE COMMON  STOCK  OFFERED  HEREBY,  WHETHER OR NOT
PARTICIPATING  IN THIS  DISTRIBUTION,  MAY BE REQUIRED TO DELIVER A  PROSPECTUS.
THIS IS IN ADDITION TO THE  OBLIGATION  OF DEALERS TO DELIVER A PROSPECTUS  WHEN
ACTING  AS  UNDERWRITERS  AND  WITH  RESPECT  TO  THEIR  UNHSOLD  ALLOTMENTS  OR
SUBSCRIPTIONS.




                                  A MINIMUM OF
                                 500,000 SHARES
                                       AND
                                  A MAXIMUM OF
                                1,000,000 SHARES

                                     [LOGO]

                                  COMMON STOCK
                                  ------------

                                   PROSPECTUS

                                  ------------



                               _____________, 1999