Amendment to Insider Letter Agreement among North Shore Acquisition Corp., EarlyBirdCapital, Inc., and Sang-Chul Kim
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Summary
This agreement, dated August 17, 2009, is between North Shore Acquisition Corp., EarlyBirdCapital, Inc., and Sang-Chul Kim. It amends a previous letter agreement dated November 30, 2007, by deleting Section 10 in its entirety. The amendment is contingent upon the execution of related agreements, including a Put and Call Option Agreement and Insider Letters. The parties confirm their acceptance by signing the document.
EX-10.9 10 v158321_ex10-9.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, the undersigned individual hereby agrees that with regard to his letter agreement with the Company, dated November 30, 2007, Section 10 is hereby deleted in its 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/ Harvey Granat | ||
| Harvey Granat | ||
| 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 - Granat]
