Paligent Inc. SALVATORE A. BUCCI President and Chief Executive Officer sabucci@att.netAcquisition Agreement • April 28th, 2006 • Paligent Inc • Biological products, (no disgnostic substances) • New York
This Letter Agreement sets forth the principal terms upon which Paligent Inc., a Delaware corporation (“Paligent” or the “Company”), is prepared to acquire 100% of the common stock and preferred stock (collectively, the “Capital Stock”) of International Fight League, Inc., a Delaware corporation (“IFL”) and Richard J. Kurtz is prepared to invest $1.0 million in IFL in contemplation of the Acquisition (as hereinafter defined). Subject to the provisions hereof, Paligent, IFL and Mr. Kurtz mutually agree to negotiate in good faith towards the execution of mutually satisfactory definitive agreement in an expeditious manner.
