Amendment to Insider Letters between Tremisis Energy Acquisition Corporation II, Merrill Lynch, and Certain Individuals
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Summary
Tremisis Energy Acquisition Corporation II, Merrill Lynch (as representative of the underwriters), and several individuals, including Sang-Chul Kim and others, agree to amend previously signed insider letters. Specific sections of the original agreements dated November 1, 2007, are deleted as outlined in this amendment. The agreement is effective as of March 13, 2009, and is confirmed by the signatures of the involved parties. This amendment clarifies or removes certain obligations or restrictions previously agreed upon by the insiders.
EX-10.11 12 v142845_ex10-11.htm Unassociated Document
As of March 13, 2009
Tremisis Energy Acquisition Corporation II
2925 Briarpark, Suite 150-A
Houston, Texas 77024
Merrill Lynch, Pierce, Fenner & Smith Incorporated
As Representative of the Underwriters
4 World Financial Center
250 Vesey Street
New York, New York 10080
| | Re: | Insider Letters |
Gentlemen:
Based on the contemporaneous due execution and delivery of (i) the Agreement dated as of even date herewith among certain Sellers (as specified therein), SoftForum Co., Ltd. and Sang-Chul Kim, and Tremisis Energy Acquisition Corporation II (“Company”) and (ii) the Insider Letters of Sang-Chul Kim and SoftForum Co., Ltd., S.J. Ro, H.H. Seo, David Yoo and Rosa Kim, each substantially in the form provided to each of the undersigned, each of the undersigned hereby agrees that with regard to their respective letter agreements with the Company, dated November 1, 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.
If the foregoing correctly sets forth our agreement, please so confirm by signing below in the space indicated.
| /s/ Lawrence S. Coben | /s/ Ronald D. Ormand | |
| Lawrence S. Coben | Ronald D. Ormand |
| Tremisis Energy Acquisition Corporation II | Merrill Lynch, Pierce, Fenner & Smith Incorporated, | |
| As Representative of the Underwriters |
| By: | /s/ Lawrence S. Coben | By: | /s/ Stan Lei | |
| Name: Lawrence S. Coben | Name: Stan Lei | |||
| Title: Chief Executive Officer | Title: Managing Director |
| /s/ Sang-Chul Kim |
| Sang-Chul Kim |
