UNDERWRITING AGREEMENT between INDIA GLOBALIZATION CAPITAL, INC. and FERRIS, BAKER WATTS INCORPORATED Dated: , 2005Underwriting Agreement • July 11th, 2005 • India Globalization Capital, Inc. • Blank checks • Maryland
The undersigned, India Globalization Capital, Inc., a Maryland corporation (“Company”), hereby confirms its agreement with Ferris, Baker Watts, Inc. (hereinafter referred to as “you,” “FBW” or the “Representative”) and with the other underwriters named on Schedule I hereto for which FBW is acting as Representative (the Representative and the other Underwriters being collectively called the “Underwriters” or, individually, an “Underwriter”) as follows:
AGREEMENTAdvisor Agreement • July 11th, 2005 • India Globalization Capital, Inc. • Blank checks • Maryland
AGREEMENTDirector/Officer Agreement • July 11th, 2005 • India Globalization Capital, Inc. • Blank checks • Maryland
Ferris, Baker Watts, Inc. 100 Light Street Baltimore, Maryland 21202 Re: India Globalization Capital, Inc. Gentlemen:Warrant Purchase Agreement • July 11th, 2005 • India Globalization Capital, Inc. • Blank checks
This letter will confirm the agreement of the undersigned to purchase warrants (“Warrants”) of India Globalization Capital, Inc. (“Company”) included in the units (“Units”) being sold in the Company’s initial public offering (“IPO”) upon the terms and conditions set forth herein. Each Unit is comprised of one share of Common Stock and two Warrants. The shares of Common Stock and Warrants will not be separately tradeable until 90 days after the effective date of the Company’s IPO, unless Ferris, Baker Watts, Inc. (“FBW”) informs the Company of its decision to allow earlier separate trading.
