Insider Letter Amendment Agreement among North Shore Acquisition Corp., EarlyBirdCapital, Inc., Sang-Chul Kim, and Certain Individuals (August 17, 2009)
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Summary
This agreement, dated August 17, 2009, is between North Shore Acquisition Corp., EarlyBirdCapital, Inc., Sang-Chul Kim, and several individual signatories. It amends prior letter agreements dated November 30, 2007, by deleting specific sections and sentences from those agreements. The amendment is contingent on the execution of a related Put and Call Option Agreement and certain Insider Letters. The main purpose is to update the terms of the original insider agreements among the parties.
EX-10.8 9 v158321_ex10-8.htm
August 17, 2009
North Shore Acquisition Corp.
175 Great Neck Road, Suite 204
Great Neck, New York 11021
EarlyBirdCapital, Inc.
275 Madison Avenue, Suite 1203
New York, New York 10016
Gentlemen:
Based on the contemporaneous due execution and delivery of (i) the Put and Call Option Agreement dated as of even date herewith among certain Sellers (as specified therein), Sang-Chul Kim (the “Investor”), and North Shore Acquisition Corp. (“Company”) and (ii) the Insider Letters of the Investor, Byong-Yub Ahn and Yo-Shin Song, each substantially in the form provided to each of the undersigned, each of the undersigned individuals hereby agrees that with regard to their respective letter agreements with the Company, dated November 30, 2007, the first and last sentence of Section 2, the first sentence of Section 8 and the entire Section 12 are hereby deleted in their entirety.
[Remainder of page intentionally left blank; signature page to follow.]
If the foregoing correctly sets forth our agreement, please so confirm by signing below in the space indicated.
| /s/ Barry J. Gordon | /s/ Marc H. Klee | ||
| Barry J. Gordon | Marc H. Klee | ||
| /s/ Robert Sroka | /s/ Alan J. Loewenstein | ||
| Robert Sroka | Alan J. Loewenstein | ||
| /s/ Arthur H. Goldberg | |||
| Arthur H. Goldberg | |||
| EARLYBIRDCAPITAL, INC. | NORTH SHORE ACQUISITION CORP. | ||
| /s/ David Nussbaum | /s/ Marc H. Klee | ||
| By: David Nussbaum | By: Marc H. Klee | ||
| Title: Chairman | Title: President | ||
| /s/ Sang-Chul Kim | |||
| Sang-Chul Kim |
[Insider Letter Amendment - Officers and Directors]
