December 28, 1995 Board of Directors CPAC, Inc. 2364 Leicester Road Leicester, New York 14481 Re: Subscription to Purchase 632,000 Shares of CPAC, Inc. Common Stock, $.01 par value per share Gentlemen: (1) Subscription: ------------ The Purchaser,...Subscription Agreement • January 2nd, 1996 • Cpac Inc • Special industry machinery, nec • New York
