Agreement to Fund Dissolution Expenses between Fortissimo Capital Fund GP, L.P. and Fortissimo Acquisition Corp.

Contract Categories: Business Finance › Funding Agreements
Summary

Fortissimo Capital Fund GP, L.P. agrees to provide funds to Fortissimo Acquisition Corp. if the company must liquidate and does not have enough assets to cover the costs of liquidation. Fortissimo Capital Fund GP, L.P. will not seek repayment for any funds advanced for this purpose. This agreement ensures that the dissolution process can be completed even if the company's remaining assets are insufficient.

Read More Arrow
EX-10.17 10 v053111_ex10-17.htm
Fortissimo Capital Fund GP, L.P.
14 Hamelacha Street
Park Afek, Rosh Ha’ayin 48091 Israel


AGREEMENT TO FUND DISSOLUTION EXPENSES


September 22, 2006


To the Board of Directors of
Fortissimo Acquisition Corp.

Gentlemen:


In the event that Fortissimo Acquisition Corp. (the “Corporation”) does not consummate a business combination and must liquidate and its remaining assets are insufficient to complete such liquidation, the undersigned Fortissimo Capital Fund GP, L.P., agrees to advance such funds to the Corporation necessary to complete such liquidation and agrees not to seek repayment for such expenses.


 
[REMAINDER OF PAGE INTENTIONALLY BLANK. SIGNATURE PAGE FOLLOWS]
 


 
To the Board of Directors of
Fortissimo Acquisition Corp.
September 22, 2006
Page 2
 


Very truly yours,

FORTISSIMO CAPITAL FUND GP, L.P.


By: /s/ Yuval Cohen  
Name: Yuval Cohen
Title: Managing Partner



Agreed To and Accepted By:

FORTISSIMO ACQUISITION CORP.


By: /s/ Yuval Cohen  
Name: Yuval Cohen
Title: Chairman of the Board and
Chief Executive Officer