EMPLOYMENT AGREEMENTEmployment Agreement • April 20th, 2001 • Illinois Superconductor Corporation • Instruments for meas & testing of electricity & elec signals • Illinois
This EMPLOYMENT AGREEMENT (this “Agreement”) is made as of the first day of January, 2001, by and between Illinois Superconductor Corporation, a Delaware corporation (the “Company”), and Amr Abdelmonem (the “Employee”).
Ladenburg Thalmann Logo]Illinois Superconductor Corporation • April 20th, 2001 • Instruments for meas & testing of electricity & elec signals • New York
The purpose of this letter agreement (the “Agreement”) is to set forth the terms and conditions pursuant to which Ladenburg Thalmann & Co. Inc. (“LTCO”) shall serve as placement agent in connection with the proposed offering of equity securities (the “Securities”) of Illinois Superconductor Corporation (the “Company”) pursuant to a “blank” shelf registration statement to be filed by the Company naming LTCO as sole placement agent (the “Offering”). The gross proceeds from the Offering will be up to $50,000,000. All references to dollars shall be to U.S. dollars. The terms of such Offering and the Securities shall be as agreed to between the Company and the purchasers thereof.
ESCROW AGREEMENTEscrow Agreement • April 20th, 2001 • Illinois Superconductor Corporation • Instruments for meas & testing of electricity & elec signals • New York
THIS ESCROW AGREEMENT (this “Agreement”) is made as of March 21, 2001, by and among Illinois Superconductor Corporation, a corporation incorporated under the laws of Delaware (the “Company”), Paul Revere Capital Partners, Ltd. (“Purchaser”), and Epstein Becker & Green, P.C., having an address at 250 Park Avenue, New York, NY 10177 (the “Escrow Agent”). Capitalized terms used but not defined herein shall have the meanings set forth in the Common Stock Purchase Agreement referred to in the first recital.
COMMON STOCK PURCHASE AGREEMENTCommon Stock Purchase Agreement • April 20th, 2001 • Illinois Superconductor Corporation • Instruments for meas & testing of electricity & elec signals • New York
This COMMON STOCK PURCHASE AGREEMENT (this “Agreement”) is dated as of March 21, 2001 by and between Illinois Superconductor Corporation, a Delaware corporation (the “Company”), and Paul Revere Capital Partners, Ltd., a British Virgin Islands corporation (the “Purchaser”).
Ladenburg Thalmann Logo] March 19, 2001Illinois Superconductor Corporation • April 20th, 2001 • Instruments for meas & testing of electricity & elec signals
This letter will serve as the agreement of Ladenburg Thalmann & Co. Inc. (“LTCO”) to waive its right to receive one-half of the warrants which LTCO would otherwise be entitled to receive from Illinois Superconductor Corporation (the “Company”) pursuant to Section 2(a)(1) of that certain engagement agreement between us dated December 12, 2000 in connection with, and only in connection with, warrants which LTCO will otherwise become entitled to receive pursuant to draw downs from the equity draw down facility expected to be entered into between the Company and Paul Revere Capital Partners Ltd. All other terms and conditions of our agreement dated December 12, 2000 shall remain in full force and effect.
