SUBSCRIPTION AGREEMENT
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Exhibit 10.17
January 27, 2004
InfraSource
Services, Inc.
000 Xxxx Xxxxxx Xxxx Xxxx
Xxxxx, XX 00000
Attention: Xxxxxxx X. Xxxxxxxxxx, Chief Financial Officer
The undersigned, OCM/GFI Power Opportunities Fund, L.P., a Delaware limited partnership (the "Fund"), hereby agrees to subscribe for and purchase 135,430 shares of common stock, par value $0.001 per share (the "Common Stock"), of InfraSource Services, Inc., a Delaware corporation (the "Corporation"), at a price of $100 per share, for an aggregate purchase price of $13,543,000 as provided herein. The Corporation hereby acknowledges receipt of payment in the amount of $9,000,000 toward such purchase. The Fund shall purchase the remaining $4,543,000 of Common Stock upon the return to the Fund of the $5,000,000 the Fund posted as collateral in connection with the letter of credit secured by the Fund for the benefit of Xxxxxxxx & Associates, Inc.
| OCM/GFI Power Opportunities Fund, L.P. | ||||
By: |
GFI Energy Ventures LLC, its Co-General Partner |
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By: |
/s/ XXX XXXXXXXX |
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| Name: | Xxx Xxxxxxxx | |||
| Title: | Principal | |||
| Acknowledged By: | ||||
InfraSource Services, Inc. |
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By: |
/s/ XXXXXXX X. XXXXXXXXXX |
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| Name: | Xxxxxxx X. Xxxxxxxxxx | |||
| Title: | Chief Financial Officer | |||
SUBSCRIPTION AGREEMENT
