EX-10.51
from S-1/A
4 pages
The Purpose of This Letter Is to Set Forth Our Preliminary Understanding With Respect to the Proposed Initial Public Offering (The “Ipo”) by Spheric Technologies, Inc. (The “Company”) of Shares of Its Common Stock (The “Common Stock”), to Be Underwritten by a Group of Underwriters (The “Underwriters”) Led by Midtown Partners & Co., LLC. (“Midtown”). the Company Agrees to Retain Counsel and Accountants, to Be Mutually Agreed Upon by the Company and Midtown, to Prepare a Registration Statement Reasonably Satisfactory in All Respects, in Form and Substance, to the Parties and Their Counsel, and All Other Related Offering Documents in Respect of the Ipo, and to Prepare and File All Required Documents With the Securities and Exchange Commission (“SEC”) and Appropriate State (Or Blue Sky) Securities Authorities, Including, Without Limitation, All Sales Reports and Other Post-Effective Filings, All at the Company’s Sole Cost and Expense. 1. Definitive Agreement
12/34/56