FLIGHT SAFETY TECHNOLOGIES, INC. 1,350,000 Units consisting of 2,700,000 Shares of Common Stock (Par Value $.001 Per Share) and Redeemable Warrants to Purchase 1,350,000 Shares of Common Stock FORM OF UNDERWRITING AGREEMENTFlight Safety Technologies Inc • February 2nd, 2004 • Search, detection, navagation, guidance, aeronautical sys • New York
Flight Safety Technologies, Inc., a Nevada corporation (the "Company"), proposes to issue and sell to The Shemano Group, Inc. ("Shemano" or the "Representative") and Pali Capital, Inc. ("Pali", and collectively with Shemano, the "Underwriters", unless the context is otherwise) an aggregate of One Million Three Hundred Fifty Thousand (1,350,000) units (the "Offered Units"), at a price of $5.55 per Offered Unit, consisting of an aggregate of Two Million Seven Hundred Thousand (2,700,000) shares of common stock of the Company, par value $.001 per share (the "Offered Shares"), which Offered Shares are presently authorized but unissued shares of common stock of the Company, par value $.001 per share (individually, a "Common Share" and collectively the "Common Shares"), and One Million Three Hundred Fifty Thousand (1,350,000) Common Share purchase warrants (the "Offered Warrants"), entitling the holder of each Offered Warrant to purchase, at any time commencing on the Separation Date (as her
FLIGHT SAFETY TECHNOLOGIES, INC., a Nevada corporation, and PACIFIC STOCK TRANSFER COMPANY, as Warrant Agent, and THE SHEMANO GROUP, INC., as Underwriter PUBLIC WARRANT AGREEMENTPublic Warrant Agreement • February 2nd, 2004 • Flight Safety Technologies Inc • Search, detection, navagation, guidance, aeronautical sys • New York
UNDERWRITER'S UNIT WARRANT AGREEMENTUnderwriter's Unit Warrant Agreement • February 2nd, 2004 • Flight Safety Technologies Inc • Search, detection, navagation, guidance, aeronautical sys • New York
UNDERWRITER'S UNIT WARRANT AGREEMENT dated as of February __, 2004, between Flight Safety Technologies, Inc., a Nevada corporation (the "Company"), and The Shemano Group, Inc. (hereinafter referred to as the "Underwriter").
