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Re: Healthcare Acquisition Partners Corp. Initial Public Offering ? Letter Agreement

Underwriting Agreement

Re:
  
 Healthcare Acquisition Partners Corp. Initial Public Offering ? Letter Agreement
 | Document Parties: HAPC, INC. You are currently viewing:
This Underwriting Agreement involves

HAPC, INC.

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Title: Re: Healthcare Acquisition Partners Corp. Initial Public Offering ? Letter Agreement
Governing Law: New York     Date: 3/24/2006

Re:
  
 Healthcare Acquisition Partners Corp. Initial Public Offering ? Letter Agreement
, Parties: hapc  inc.
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Exhibit 10.9

 

 

[FORM OF LETTER AGREEMENT TO BE ENTERED INTO BY AND BETWEEN THE

REGISTRANT AND MEMBERS OF MANAGEMENT OTHER THAN 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 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. The undersigned agrees not to acquire any IPO Shares prior to the completion of a Business Combination.

 

2. In the event that the Company fails to consummate a Business Combination within 18 months from the Effective Date of the registration statement relating to the IPO (or 24 months under the circumstances described in the prospectus relating to the IPO), the undersigned agrees to indemnify and hold harmless the Company against any and all loss, liability, claims, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened, or any claim whatsoever) to which the Company may become subject as a result of any claim by any vendor that is owed money by the Company for services rendered or products sold but only to the extent necessary to ensure that such loss, liability, claim, damage or expense does not reduce the amount in the Trust Account.

 

3. 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 to be disclosed pursuant to Item 401 of Regulation S-K, promulgated under the Securities Act of 1933, as amended, (ii) the questionnaires furnished by the undersigned to the Company and the Representative are true and accurate in all respects (other than de minimis errors or omissions), and (ii) the undersigned has full right and power, without violating any agreement by which the undersigned is bound, to enter into this letter agreement and to serve as [            ][ and ][ a member of the Board of


 
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