Finder’s Fee Agreement between ITAC Inc. and Itzhak Wulkan Ventures Ltd. (November 6, 2005)

Summary

This agreement is between ITAC Inc. (Israeli Technology Acquisition Company) and Itzhak Wulkan Ventures Ltd. Under the agreement, ITAC will pay a 1% fee, up to $330,000, to Itzhak Wulkan Ventures Ltd. for introducing a company that completes a merger or acquisition with ITAC. Payment is only made if the transaction is approved by ITAC’s board, shareholders, the SEC, and NASDAQ, and if the introduced company was previously unknown to ITAC’s management.

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EX-10.22 12 v048256_ex10-22.htm
Itzhak Wulkan Ventures Ltd.
23 Golomb St.
Raanana Israel 43303
Tel: +972-97412535

 
November 6th 2005
 
Finder’s Fee Agreement

An agreement signed between ITAC Inc (Israeli Technology Acquisition Company) and Itzhak Wulkan Ventures Ltd. on November 6th 2005.

 
1.
ITAC will pay 1% (1 percent) fee, up to a cap of 330,000 USD , for an introduction of a company to be ITAC for Merger or Acquisition.
 
2.
The payment depends upon:
 
a.
The introduced company will close a transaction of Merger /Acquisition with ITAC.
 
b.
Approval of the transaction by : the BOD and shareholders of ITAC, SEC and NASDAQ
 
c.
The introduced company is not known to the management of ITAC.


 
/s/ Itzhak Wulkan
/s/ Israel Frieder
     
   
/s/ Dael Schnider
     
 
Itzhak Wulkan Ventures Ltd.
Israel Technology Acquisition Corp.