Common use of Acceptance of Purchase Clause in Contracts

Acceptance of Purchase. The Company may accept this Subscription Agreement by executing a copy hereof as provided and notifying me within a reasonable time thereafter. RESIDENTS OF ALL STATES: THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF SAID ACT AND SUCH LAWS. THE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER SAID ACT AND SUCH LAWS PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY WILL BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION, ANY STATE SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THIS OFFERING OR THE ACCURACY OR ADEQUACY OF THIS SUBSCRIPTION AGREEMENT. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL. The Securities to be issued by the Company are speculative and involve a high degree of risk. Each investor is urged to carefully read the “Risk Factors” set forth below. As used herein, the terms “we”, “the Company” and “our” refer to Element 21 Golf Company.

Acceptance of Purchase. The Company may accept this Subscription Agreement by executing a copy hereof as provided and notifying me the Investor within a reasonable time thereafter. RESIDENTS OF ALL STATES: THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF SAID ACT AND SUCH LAWS. THE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER SAID ACT AND SUCH LAWS PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY WILL BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION, ANY STATE SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THIS OFFERING OR THE ACCURACY OR ADEQUACY OF THIS SUBSCRIPTION AGREEMENT. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL. Dated: July 29, 2009 Manner in Which Title to the Securities is to be Held. (check one) o Individual Ownership o Community Property o Joint Tenant with Right of Survivorship (both parties must sign) þ Partnership o Tenants in common o Corporation o Trust o Other (Please indicate) By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇ Signature (Individual) Name: ▇▇▇▇▇▇ ▇▇▇▇▇ Title: Managing Member, T Squared Investments LLC Signature (Joint) (all record holders must sign) Name(s) Typed or Printed Address to Which Correspondence Address to Which Correspondence Should be Directed Should be Directed T Squared Investments LLC ▇▇▇▇ ▇▇▇▇▇ ▇▇▇., ▇▇. ▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇▇-▇▇▇▇▇▇▇ Tax Identification or Tax Identification or Social Security Number Social Security Number The foregoing subscription is accepted and the Company hereby agrees to be bound by its terms. DOLPHIN DIGITAL MEDIA, INC. Dated: July 29, 2009 By: /s/ ▇▇▇▇ ▇’▇▇▇▇ Name: Title: Name of Bank: Wachovia Address of Bank: ▇▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇ Blvd. Coral Gables, FL 33134 Name of Account: Logica Holdings, Inc. Address of Company: ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ Suite 365 Coral Gables, FL 33134 ABA Number: ▇▇▇-▇▇▇-▇▇▇ Account Number: ▇▇▇-▇▇▇-▇▇▇-▇▇▇▇ Purpose of this Questionnaire Certain securities (the “Purchased Securities”) of Dolphin Digital Media, Inc., a Nevada corporation (the “Company”), are being offered without registration under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state, in reliance on the exemptions contained in Sections 4(2) and 4(6) of the Securities Act and on similar exemptions under applicable state laws. Under Sections 4(2) and 4(6) and/or certain state laws, the Company may be required to determine that an individual or an individual together with a “purchaser representative” or each individual equity owner of an investing entity meets certain suitability requirements before selling the Purchased Securities to be issued by such individual or entity. THE COMPANY MAY, AT ITS ELECTION, NOT SELL THE PURCHASED SECURITIES TO A SUBSCRIBER WHO HAS NOT THOROUGHLY FILLED OUT A QUESTIONNAIRE. IN THE CASE OF AN INVESTOR THAT IS A PARTNERSHIP, TRUST, OR CORPORATION, EACH EQUITY OWNER MUST COMPLETE A QUESTIONNAIRE. This Questionnaire does not constitute an offer to sell or a solicitation of an offer to buy the Company are speculative and involve a high degree of riskPurchased Securities or any other security. Each investor is urged Instructions Please feel free to carefully read contact Mr. Gold directly at (▇▇▇) ▇▇▇-▇▇▇▇ if you have any questions with respect to the “Risk Factors” set forth below. As used herein, the terms “we”, “the Company” and “our” refer to Element 21 Golf CompanyQuestionnaire.

Acceptance of Purchase. The Company may accept this Subscription Agreement by executing a copy hereof as provided and notifying me within a reasonable time thereafter. RESIDENTS OF ALL STATES: THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF SAID ACT AND SUCH LAWS. THE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER SAID ACT AND SUCH LAWS PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY WILL BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION, ANY STATE SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THIS OFFERING OR THE ACCURACY OR ADEQUACY OF THIS SUBSCRIPTION AGREEMENT. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL. The Dated: June __, 2006 Manner in Which Title to the Securities is to be issued by Held. (check one) ___ Individual Ownership ___ Community Property ___ Joint Tenant with Right of Survivorship (both parties must sign) ___ Partnership ___ Tenants in common ___ Corporation ___ Trust ___ Other (Please indicate) By: Signature (Individual) Name: Title: Signature (Joint) (all record holders must sign) Name(s) Typed or Printed Address to Which Correspondence Address to Which Correspondence Should be Directed Should be Directed Tax Identification or Tax Identification or Social Security Number Social Security Number The foregoing subscription is accepted and the Company are speculative and involve a high degree of risk. Each investor is urged hereby agrees to carefully read the “Risk Factors” set forth below. As used herein, the terms “we”, “the Company” and “our” refer to Element 21 Golf Companybe bound by its terms.