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                                                                    Exhibit 99.2

                             SUBSCRIPTION AGREEMENT
                                       FOR
                             SAGUARO RESOURCES, INC.

                          COMMON STOCK ($.01 PER SHARE)

Persons  interested in purchasing common stock of Saguaro Resources, Inc. must
complete and return this Subscription  Agreement along with their check or money
order payable to: Saguaro Resources, Inc. ("the Issuer" and "the Company").

Subject  only  to  acceptance  hereof  by the  Issuer,  in its  discretion,  the
undersigned  hereby  subscribes  for the  number  of  common  shares  and at the
aggregate subscription price set forth below.

An accepted  copy of this  Agreement  will be returned  to the  Subscriber  as a
receipt,  and the physical stock  certificate will be delivered to each Investor
within thirty (30) days of the Close of this Offering.

     SECURITIES OFFERED - The Company is offering a total of 2,000,000 shares of
its  common  stock  (par  value  $.0001 per share) at a price of $.01 per share.
There is no minimum subscription amount.

     SUBSCRIPTION - In connection with this subscription the undersigned  hereby
subscribes to the number of common shares shown in the following table.

NUMBER OF COMMON SHARES = ___________________

Multiply by Price of Shares x $.01 per Share

Aggregate Subscription Price = $___________________

Check or money order shall be made payable to Saguaro Resources, Inc.

In connection  with this  investment in the Company,  I represent and warrant as
follows:

a)   Prior to  tendering  payment for the shares,  I received a copy of and read
     your prospectus dated ______________, 200___.

b)   I am a bona fide resident of the state of  ________________________________
     or ______ a non-US resident.

c)   The Issuer and the other  purchasers  are relying on the truth and accuracy
     of the  declarations,  representations  and  warranties  herein made by the
     undersigned.  Accordingly, the foregoing representations and warranties and
     undertakings  are made by the undersigned  with the intent that they may be
     relied upon in determining  his/her  suitability  as a purchaser.  Investor
     agrees  that  such   representations   and  warranties  shall  survive  the
     acceptance of Investor as a purchaser.

Please register the Shares, which I am purchasing in the following name(s):


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

As (check one)

__Individual        __Tenants in Common                   __Existing Partnership
__Joint Tenants     __Corporation                         __Trust
__IRA               __Minor with adult custodian under
                      the Uniform Gift to Minors Act

For the person(s) who will be registered shareholder(s):


--------------------------------            --------------------------------
Signature of Subscriber                     Signature of Co-Subscriber

--------------------------------            --------------------------------
Name of Subscriber (Printed)                Name of Co-Subscriber (Printed)

--------------------------------            --------------------------------
Address                                     Address of Co-Subscriber

--------------------------------            --------------------------------
Address                                     Address of Co-Subscriber

--------------------------------            --------------------------------
Subscriber Tax I.D. or                      Co-Subscriber Tax I.D. or
Social Security Number                      Social Security Number


ACCEPTED BY:  Saguaro Resources, Inc., a Delaware Corporation


By: _____________________________   Date: ______________________________
    Office