Back to top

Letter Agreement

Underwriting Agreement

Letter Agreement | Document Parties: HEALTHCARE ACQUISITION PARTNERS CORP.  | FTN Midwest Securities Corp., |  Healthcare Acquisition Partners Corp You are currently viewing:
This Underwriting Agreement involves

HEALTHCARE ACQUISITION PARTNERS CORP. | FTN Midwest Securities Corp., | Healthcare Acquisition Partners Corp

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: Letter Agreement
Governing Law: New York     Date: 1/17/2006

Letter Agreement, Parties: healthcare acquisition partners corp.  , ftn midwest securities corp.  ,  healthcare acquisition partners corp
50 of the Top 250 law firms use our Products every day

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:

 

 

 

 

 

Termination of Services Prior to:


 

  

Shares Forfeited


 

 

June 30, 2006

  

100

%

 

 

December 31, 2006

  

75

%

 

 

June 30, 2007

  

50

%

 

 

December 31, 2007

  

25

%

 

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


 
SITE SEARCH

AGREEMENTS / CONTRACTS

Document Title:

Entire Document: (optional)

Governing Law:(optional)


Try our advanced search >>
 

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates
Email:
This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more