February ___, 2001 GBI Capital Partners Inc. 1055 Stewart Avenue Bethpage, NY 11714 RE: UNITY EMERGING TECHNOLOGY VENTURE ONE LTD. Gentlemen: This letter will confirm the agreement of the undersigned, individually and on behalf of his affiliates, to...Purchase Agreement • February 6th, 2001 • Unity Emerging Technology Venture One LTD • Blank checks
This letter will confirm the agreement of the undersigned, individually and on behalf of his affiliates, to purchase (i) units ("Units") of Unity Emerging Technology Venture One Ltd. (the "Company") being sold in the Company's initial public offering ("IPO"), and (ii) class A warrants of the Company (the "Warrants") underlying the Units, upon the terms and conditions set forth herein. Each Unit consists of one share of common stock, par value $.0001 (the "Common Stock"), of the Company and one Class A Warrant. The shares of Common Stock and the Class A Warrants will not be separately tradeable until 90 days after the effective date of the Company's IPO unless GBI Capital Partners Inc. ("GBI") informs the Company of its decision to allow earlier separate trading (the "Separation Date").
