Shareholder Voting Agreement Relating to Securities Purchase of Innovative Card Technologies, Inc.

Summary

This agreement is between a shareholder of Innovative Card Technologies, Inc. and the purchasers of the company's 8% Senior Secured Convertible Debentures and Warrants. The shareholder agrees to vote all shares they control in favor of any shareholder resolution approving a transaction that could result in issuing more than 19.99% of the company's common stock, as required by NASDAQ rules. This agreement is a condition for entering into the related Securities Purchase Agreement and is irrevocable.

EX-10.7 8 v099205_ex10-7.htm Unassociated Document

TO:

The Purchasers of Innovative Card Technologies, Inc., a Delaware corporation (the “Company”), 8% Senior Secured Convertible Debentures and Warrants pursuant to that certain Securities Purchase Agreement, dated as of January __, 2008 (the “Purchase Agreement”), the Company and the purchasers signatory thereto

To Whom It May Concern:

Defined terms not otherwise defined in this letter agreement shall have the meanings set forth in the Purchase Agreement. This agreement is given in consideration of, and as a condition to enter into such Purchase Agreement and is not revocable by me. This letter agreement will confirm my agreement to vote all shares of Innovative Card Technologies, Inc., a Delaware corporation (“INVC”) voting stock over which I have voting control in favor of any resolution presented to the shareholders of INVC to approve a transaction or series of transactions which could result in an aggregate issuance of the Company’s common stock in excess of 19.99% as required by the rules of the NASDAQ.

	By:	_______________________________________
		Name of Shareholder:
		Shares Beneficial Ownership: