EXHIBIT 10.07 - SUBSCRIPTION AGREEMENT WITH YENN ASSET MANAGEMENT ASDAR INC., A NEVADA CORPORATION SUBSCRIPTION DOCUMENTS The attached Subscription Documents must be completed and delivered to ASDAR Inc., a Nevada corporation ("Company") as follows: MAIL TO: ASDAR Inc. 1239 West Georgia Street, Suite 3004, Vancouver, British Columbia V6E 4R8 Subscriptions must be paid (at a price of $0.70 per Unit) by a personal check or by a cashier's check or by a bank wire transfer. For payment, refer to Payment Instructions on page 3. SECTION A - HOW TO SUBSCRIBE To subscribe for units to be issued by the Company which are comprised of (i) one share of the Company's $.001 par value common stock and (ii) a warrant which will enable you to acquire from the Company one share of the Company's $.001 par value common stock at a purchase price of $.75 per share ("Units") at a purchase price of $.70 per Unit, you must complete the enclosed Subscription Agreement and the Purchaser Suitability Questionnaire. Directions for the Subscription Agreement are as follows: 250,000 175,000 US 1. Minimum Investment - __________________Units ($__________________). 2. Be sure to provide your correct name, address and Social Security number or tax identification number, as this information will appear on the official records of the Company. 3. Sign and be sure that you have checked and initialed the appropriate type of ownership. 4. Signature and Supporting Material Requirements - The following requirements have been established for the various capacities in which Units may be purchased and held other than by you as an individual: JOINT TENANTS WITH RIGHT OF SURVIVORSHIP: The signatures of both joint tenants are required. COMMUNITY PROPERTY: The signatures of both husband and wife are required, unless a separate document signed by both parties and designating either party as agent of the other party for purposes of signing accompanies the Subscription Agreement. TENANTS IN COMMON: The signatures of all parties are required. TENANTS BY THE ENTIRETY: The signatures of all parties are required. PARTNERSHIP: The Subscription Agreement must be accompanied by a copy of the signed partnership agreement. TRUST: The Subscription Agreement must be accompanied by a copy of the signed trust agreement. CORPORATION: The Subscription Agreement must be accompanied by a certified copy of the resolution of the Board of Directors of the subscribing corporation designating the officer(s) of that corporation authorized to sign on behalf of that corporation and of the resolution of that Board of Directors authorizing the purchase of Units. 5. Furnish the following: (a) Completed Subscription Agreement; (b) Supporting material if required (see Item 4 above); (c) A personal check or cashier's check or bank wire transfer in the amount of your subscription (Refer to Payment Instructions on page 3). SECTION B - SUBSCRIPTION AGREEMENT 250,000 The undersigned hereby subscribes to __________________Units, each Unit consisting of (i) one share of the Company's $0.001 par value common stock and (ii) a warrant for the purchase of one share of the Company's $0.001 par value common stock at a purchase price of $0.75 per share. The undersigned confirms receipt of a Prospectus and has had an opportunity to and has read the Prospectus and has had the opportunity to receive clarification from representatives of the Company concerning the contents of the Prospectus. The undersigned further acknowledges that no representations, written or oral, other than those contained in the Prospectus have been made in connection with the offering of the Units and this Subscription Agreement. The undersigned is aware that: 1). The Company has the right to accept or reject this subscription in whole or in part. This subscription shall be deemed to be accepted by the Company only when this Subscription Agreement is signed by the Company. Subscriptions need not be accepted by the Company in the order in which subscriptions are received. 2). The Company will hold all funds received in a separate account until five (5) days after it has received and accepted subscriptions for not less than 1,000,000 Units in the aggregate. 3). Subscriptions for Units are irrevocable and shall survive the subscriber's death or disability. Payment in full of the purchase price of the Units is due and must be made upon subscription. How to Subscribe 250,000 You are subscribing to purchase a total of __________________ Units at $.70 per Unit ($_175,000 US____) by (check and initial applicable line): ________ $_______________(_________Units) paid by cashier's check; ________ $_______________(_________Units) paid by personal check; or X 175,000 250,000 ________ $_______________(_________Units) paid by wiring funds. MAKE CHECK PAYABLE TO: "ASDAR Inc." MAIL TO: ASDAR Inc. 1239 West Georgia Street, Suite 3004 Vancouver, British Columbia V6E 4R8. WIRE TRANSFER INSTRUCTIONS: Intermediary Bank: Harris Bank International New York ABA: 026007760 SWIFT: HATRUS33 Beneficiary Bank: Bank of Montreal First Bank Tower 595 Burrard Street Vancouver, BC V7X 1L7 Beneficiary Name: ASDAR Group Inc. Beneficiary Acc. No.: 4687-341 For details, see How to Subscribe (immediately preceding this Subscription Agreement) Print name(s) in which Units are to be registered: YENN Asset Management NAME:(1)___________________________________ Soc. Sec. or Tax I.D. No._______________________ NAME:(2)___________________________________ Soc. Sec. or Tax I.D. No._______________________ Buckingham Square, Penthouse, West Bay Road, SMB, Grand Cayman, Cayman Islands, BWI Address:_________________________________________________________________ ________________________________________________________________________ Title to your purchased Units is to be held as follows (check and initial one): a. ________ Husband & Wife, as community property b. ________ Joint Tenants c. ________ Tenants in Common d. ________ Individual e. ___X____ Corporation f. ________ Partnership g. ________ Trust h. ________ Other: Please Describe_____________________________________________________________ NOTE: BY SIGNING THIS SUBSCRIPTION AGREEMENT AND UPON ACCEPTANCE THEREOF, YOU ARE ENTERING INTO AN AGREEMENT AND AGREEING TO INVEST MONEY WITH THE COMPANY. This Subscription Agreement constitutes the entire agreement among the parties hereto with respect to the subject matter hereof. March 19 DATED:____________________ 2001, at ________________________________________ /s/ YENN Asset Management (1)___________________________________ (2)___________________________________ NOTE: If Units are to be registered in more than one name, all subscribers must sign. Acceptance of Subscription Agreed to and accepted: By: ASDAR Inc., a Nevada corporation /s/ Robert Waters By: ____________________________________ President /s/ Jack Sha By: ____________________________________ Secretary