RECITALS:Executive Employment Agreement • August 31st, 2005 • Celerity Systems Inc • Services-computer integrated systems design
Closing Date The closing date will be the date on which definitive documents are signed by and between the Issuer and Investor ("Closing Date"). It is estimated that the Closing Date shall take place within a reasonable amount of time from the...Celerity Systems Inc • August 31st, 2005 • Services-computer integrated systems design
On the terms and subject to the conditions set forth below, Cornell Capital Partners, LP (the "Investor") will commit to purchase $1.0 million of preferred stock from Celerity Systems Inc. (the "Issuer") on the principal terms set forth below. This letter is binding and the parties will enter into formal agreements setting forth their respective rights and obligations. Such agreements will contain customary representations, warranties and indemnifications. The material terms of the offering are set forth below:
Commitment Amount The Investor shall commit to purchase up to $50,000,000 of Common Stock of the Issuer over the course of 24 months after an effective registration of the Common Stock. The Issuer shall have the right, but not the obligation, to sell...Celerity Systems Inc • August 31st, 2005 • Services-computer integrated systems design
On the terms and subject to the conditions set forth below, Cornell Capital Partners, LP (the "Investor") will commit to purchase up to $50.0 million of common stock of Celerity Systems Inc. (the "Issuer") on the principal terms set forth below. This letter is binding and the parties will enter into formal agreements setting forth their respective rights and obligations. Such agreements will contain customary representations, warranties and indemnifications. The material terms of the offering are set forth below:
Exhibit 10.4 INDEMNIFICATION AGREEMENT THIS INDEMNIFICATION AGREEMENT (this "Agreement") is entered into as of the ___ day of August, 2005, by and between CELERITY SYSTEMS, INC., a Delaware corporation whose principal place of business is located at...Indemnification Agreement • August 31st, 2005 • Celerity Systems Inc • Services-computer integrated systems design • Delaware
