Exhibit 10.1
[FORM OF LETTER AGREEMENT TO BE ENTERED INTO BY
AND BETWEEN THE
REGISTRANT AND EACH OF THE INITIAL
STOCKHOLDERS]
,
2006
HEALTHCARE ACQUISITION PARTNERS
CORP.
350 Madison Avenue
New York, NY 10017
Re: Healthcare Acquisition Partners
Corp. Initial Public Offering – Letter Agreement
Dear Ladies and
Gentlemen:
This letter is being delivered to
you in accordance with the Underwriting Agreement (the “
Underwriting Agreement ”) entered into by and
between Healthcare Acquisition Partners Corp., a Delaware
corporation (the “ Company ”), and FTN
Midwest Securities Corp., as Representative (the “
Representative ”) of the Underwriters named in
Schedule I thereto (the “ Underwriters
”), relating to an underwritten initial public offering (the
“ IPO ”) of the Company’s units
(the “ Units ”), each comprised of one
share of the Company’s common stock, par value $0.0001 per
share (the “ Common Stock ”), and two
warrants, each being exercisable for one share of Common Stock
(each, a “ Warrant ”). The capitalized
terms set forth on Schedule 1 attached hereto are hereby
incorporated by reference herein.
In order to induce the Company and
the Underwriters to enter into the Underwriting Agreement and to
proceed with the IPO, and in recognition of the benefit that such
IPO will confer upon the undersigned as a stockholder of the
Company, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the undersigned
hereby agrees with the Company as follows:
1. If
the Company solicits approval of its stockholders of a Business
Combination, the undersigned shall vote all Insider Shares owned by
such person in the same way as the holders of the majority of the
IPO Shares.
2. If
a Transaction Failure occurs, the undersigned shall take all
reasonable actions to cause (i) the Trust Fund to be
liquidated and distributed to the holders of the IPO Shares (in
respect of the IPO Shares they hold) no later than the Termination
Date and (ii) the Company to dissolve and liquidate. The
undersigned hereby waives any and all right, title, interest or
claim of any kind (“ Claim ”) in or to
any distribution of the Trust Fund with respect to such
person’s Insider Shares, and hereby waives any Claim the
undersigned may have in the future as a result of, or arising out
of, any contracts or agreements with the Company and will not seek
recourse for any Claim against the Trust Fund for any reason
whatsoever. The undersigned hereby agrees that the Company shall be
entitled to a reimbursement from the undersigned for any
distribution of the Trust Fund received by the undersigned in
respect to such person’s Insider Shares.
3. The
undersigned agrees not to acquire any IPO Shares prior to the
completion of a Business Combination.
4. The
undersigned agrees that if he or she ceases to be an officer or
director of the Company prior to the dates specified below (other
than as a result of death or the person’s inability to
continue as an officer and/or director due to disability, as
determined by the board of directors of the Company), the portion
of the shares specified below will be forfeited and transferred
back to the Company in accordance with the following:
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Termination of Services Prior to:
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Shares Forfeited
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June 30, 2006
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100
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%
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December 31, 2006
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75
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%
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June 30, 2007
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50
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%
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December 31, 2007
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25
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%
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5. The
undersigned represents and warrants that (i) the biographical
information furnished to the Company and the Representative and
attached hereto as Exhibit A is true and accurate in all
respects (other than de minimis errors or omissions), does not omit
any material information with respect to the undersigned’s
background during the previous five years and contains all of the
information required t