Conversion Rights Waiver Agreement between Advanced Technology Acquisition Corp. and Shareholders
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Summary
This agreement is between Advanced Technology Acquisition Corp. and several of its shareholders, including M.O.T.A. Holdings Ltd., FSGL Holdings Ltd., OLEV Holdings Ltd., Shrem, Fudim, Kelner - Technologies Ltd., Shrem, Fudim, Kelner & Co. Ltd., Josef Neuhaus Ltd., and individuals Elisha Yanay and Avigdor Kaplan. The shareholders agree to waive their rights to convert their shares of the company's common stock in connection with any vote to approve a business combination, as described in the company's IPO prospectus. This means they will not seek to exchange their shares for cash or other consideration in such events.
EX-10.19 34 v053694_ex10-19.htm Unassociated Document
September 29, 2006
Advanced Technology Acquisition Corp.
14 A Achimeir Street
Ramat Gan 52587 Israel
Re: Advanced Technology Acquisition Corp. (“Company”)
Gentlemen:
Each of the undersigned hereby waives his/its right to exercise conversion rights with respect to any shares of the Company’s common stock owned by the undersigned, directly or indirectly, and agrees that he/it will not seek conversion with respect to such shares in connection with any vote to approve a business combination (as is more fully described in the Company’s Prospectus relating to the Company’s initial public offering).
[REMAINDER OF PAGE INTENTIONALLY BLANK. SIGNATURE PAGES FOLLOWS]
Very truly yours, | | | |
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M.O.T.A. Holdings Ltd. | | | |
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By: /s/ Moshe Bar-Niv | | | |
Name: Moshe Bar-Niv | | | |
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FSGL Holdings Ltd | | | |
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By: /s/ Yehoshua Gleitman | | | |
Name: Yehoshua Gleitman | | | |
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OLEV Holdings Ltd | | | |
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By: /s/ Liora Lev | | | |
Name: Liora Lev | | | |
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Shrem, Fudim, Kelner - Technologies Ltd. | | | |
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By: /s/ Itschak Shrem; Hilla Zisapel | | | |
Name: Itschak Shrem; Hilla Zisapel | | | |
Title: Chairman and CEO; General Counsel | | | |
Shrem, Fudim, Kelner & Co. Ltd. | |||
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By: /s/ Itschak Shrem; Hilla Zisapel | |||
Name: Itschak Shrem; Hilla Zisapel | |||
Title: Chairman; General Counsel and Deputy CEO | |||
Josef Neuhaus Ltd | |||
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By: /s/ Josef Neuhaus | |||
Name: Josef Neuhaus | |||
/s/ Elisha Yanay | |||
Elisha Yanay | | | |
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/s/ Avigdor Kaplan | | | |
Avigdor Kaplan | | | |
[Signature page to Conversion Rights Letter]