January 27, 2004Binding Letter Agreement • February 17th, 2004 • Minorplanet Systems Usa Inc • Radiotelephone communications • Texas
This binding Agreement (this “Agreement”) sets forth the terms of certain agreements we have reached with each other regarding certain contemplated transactions involving HFS Capital Private Equity Fund LLC and other accredited investors represented by HFS (collectively referred to as “HFS”), and Minorplanet Systems USA, Inc., a Delaware corporation (“MPUSA”). More specifically, we have reached certain agreements relating to the provision of convertible financing by HFS to MPUSA (the “Transaction”).
