Conversion Rights Waiver Agreement between Advanced Technology Acquisition Corp. and Shareholders

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).

 
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Very truly yours, 
 
 
 
 
 
 
 
M.O.T.A. Holdings Ltd.
 
 
 
 
 
 
 
 
 
 
 
By: /s/ Moshe Bar-Niv  
 
 
 

Name: Moshe Bar-Niv
 
 
 
 
 
 
 
FSGL Holdings Ltd
 
 
 
 
 
 
 
 
 
 
 
By: /s/ Yehoshua Gleitman
 
 
 

Name: Yehoshua Gleitman
 
 
 
 
 
 
 
OLEV Holdings Ltd
 
 
 
 
 
 
 
 
 
 
 
By: /s/ Liora Lev
 
 
 

Name: Liora Lev
 
 
 
 
 
 
 
Shrem, Fudim, Kelner - Technologies Ltd.
 
 
 
 
 
 
 
 
 
 
 
By: /s/ Itschak Shrem; Hilla Zisapel 
 
 
 

Name: Itschak Shrem; Hilla Zisapel 
 
 
 
Title: Chairman and CEO; General Counsel
 
 
 
       
Shrem, Fudim, Kelner & Co. Ltd.
     
       
 
     
By:  /s/ Itschak Shrem; Hilla Zisapel 
     

Name: Itschak Shrem; Hilla Zisapel 
     
Title: Chairman; General Counsel and Deputy CEO
     
       
Josef Neuhaus Ltd
     
       
 
     
By: /s/ Josef Neuhaus
     

Name: Josef Neuhaus
     
       
       
/s/ Elisha Yanay 
     

Elisha Yanay      
 
 
 
 
 
 
 
 
 
 
 
/s/ Avigdor Kaplan 
 
 
 

Avigdor Kaplan      
 
 
 
 
 
 


[Signature page to Conversion Rights Letter]