Conversion Rights Waiver Letter between Advanced Technology Acquisition Corp. and Ido Bahbut

Contract Categories: Business Finance › Waiver Agreements
Summary

This letter agreement is between Advanced Technology Acquisition Corp. and Ido Bahbut. Ido Bahbut agrees to waive his right to convert any shares of the company's common stock that he owns, directly or indirectly, in connection with any vote to approve a business combination. This means he will not seek to exchange his shares for cash or other consideration if such a transaction occurs, as described in the company's IPO prospectus.

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EX-10.19B 11 v066251_ex10-19b.htm Unassociated Document
February 16, 2007



Advanced Technology Acquisition Corp.
14 A Achimeir Street
Ramat Gan 52587 Israel

Re: Advanced Technology Acquisition Corp. (“Company”)

Gentlemen:

The undersigned hereby waives his 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 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,
 
 
 
 
/s/ Ido Bahbut
 
 
 
Ido Bahbut
 
 
 
 
 
 


[Signature page to Conversion Rights Letter]