EXHIBIT 99.1 William H. Janeway Indus International, Inc. (IINT) July 31, 2003 Note (1): Pursuant to a Purchase Agreement, dated as of February 12, 2003, by and among Indus International, Inc. (the "Company"), Warburg, Pincus Investors, L.P. ("WPI")...Janeway William H • July 31st, 2003 • Services-prepackaged software
Note (1): Pursuant to a Purchase Agreement, dated as of February 12, 2003, by and among Indus International, Inc. (the "Company"), Warburg, Pincus Investors, L.P. ("WPI") and the other purchasers named therein (the "Financing Purchase Agreement"), WPI purchased 72,666 shares of the Company's common stock, $0.001 par value (the "Common Stock"), at a price of $1.50 per share and a Convertible Promissory Note of the Company, dated March 5, 2003, in the aggregate principal amount of $4,891,001.00 at face value (the "Note", and together with the 72,666 shares of Common Stock, the "Securities"), with the purchase price paid in cash on February 13, 2003 into an escrow account. On March 5, 2003, the Company satisfied all of its closing conditions required to be performed by it under the Financing Purchase Agreement and the purchase price was released to the Company from the escrow account (the "Closing"). On July 29, 2003, the Company's stockholders voted in favor of the proposed issuance of C
