ACKNOWLEDGEMENT AND AGREEMENT
With respect to the Investment Agreement entered into as of April 17, 2001, by
and among Providence Capital IX, Inc., a corporation duly incorporated and
existing under the laws of the State of Colorado (the "Company") and Xxxxxx
Private Equity, LLC (hereinafter referred to as "Xxxxxx"), the Company hereby
agrees and acknowledges the following:
The Company acknowledges that the Investor may sell the Put Shares any time, and
from time to time, after the Put Date for such shares, and that such sales may
occur during a Pricing Period or Pricing Periods and may have the effect of
reducing the Purchase Price.
Furthermore, the Company agrees to present the proposed final registration
statement to be filed pursuant to the terms of the Registration Rights Agreement
entered into in conjunction with the Investment Agreement to Xxxxxx for its
review at least five (5) business days prior to the proposed filing date, and to
obtain Xxxxxx'x final comments to the registration statement before filing it
with the SEC.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of this 17th
day of April, 2001.
PROVIDENCE CAPITAL IX, INC. INVESTOR: XXXXXX PRIVATE EQUITY, LLC.
By: ________________________________ By: ________________________________
Xxxxxxx Xxxxxx, Jr. Xxxx X. Xxxxxx, Manager
1250 Turks Head Building 000 Xxxxxxxx Xxxxxx Xxxxxxx
Xxxxxxxxxx, XX 00000 Suite 300
Telephone: (000) 000-0000 Xxxxxxx, XX 00000
Facsimile: (000) 000-0000 Telephone: (000) 000-0000
Facsimile: (000) 000-0000
