Corcoran Technologies Corporation 1504 R Street, N.W. Washington, D.C. 20009Corcoran Technologies Corp • November 21st, 1997 • Blank checks
As part of the sale of 5,000,000 shares of Common Stock of Corcoran Technologies Corporation (the "Company"), a "blank check" company as defined in Section 7(b)(3) of the Securities Act of 1933 as a development stage company with no specific business plan or purpose or an intention to engage in a merger or acquisition with an unidentified company or companies, to Pierce Mill Associates, Inc. (the "Holder"), the Holder hereby represents, warrants, covenants and agrees, for the benefit of the Company and the holders of record (the "third party beneficiaries") of the Company's outstanding securities, including the Company's Common Stock, $.0001 par value per share (the "Stock") at the date hereof and during the pendency of this letter agreement that the Holder will not transfer, sell, contract to sell, devise, gift, assign, pledge, hypothecate, distribute or grant any option to purchase or otherwise dispose of, directly or indirectly, its shares of Stock of the Company owned beneficially
