Common Contracts

January 24, 2008

Underwriting Agreement • March 24th, 2008 • Sapphire Industrials Corp. • Blank checks • New York

• Contract Type
  Underwriting Agreement
• Filed
  March 24th, 2008
• Company
  Sapphire Industrials Corp.
• Industry
  Blank checks
• Jurisdiction
  New York

This letter is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between Sapphire Industrials Corp., a Delaware corporation (the “Company”), and Citigroup Global Markets Inc. (the “Underwriter”), relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”), each Unit comprised of one share of the Company’s Common Stock, par value $0.001 per share (the “Common Stock”), and one warrant, which is exercisable for one share of Common Stock. Certain capitalized terms used herein are defined in paragraph 15 hereof.

Sapphire Industrials Corp.

Underwriting Agreement • December 17th, 2007 • Sapphire Industrials Corp. • Blank checks • New York

• Contract Type
  Underwriting Agreement
• Filed
  December 17th, 2007
• Company
  Sapphire Industrials Corp.
• Industry
  Blank checks
• Jurisdiction
  New York

This letter is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between Sapphire Industrials Corp., a Delaware corporation (the “Company”), and Citigroup Global Markets Inc. (the “Underwriter”), relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”), each Unit comprised of one share of the Company’s Common Stock, par value $0.001 per share (the “Common Stock”), and one warrant, which is exercisable for one share of Common Stock. Certain capitalized terms used herein are defined in paragraph 15 hereof.