Amendment to Insider Letters between Tremisis Energy Acquisition Corporation II, Merrill Lynch, and Certain Insiders

Contract Categories: Business Finance › Modification Agreements
Summary

This agreement, dated March 13, 2009, involves Tremisis Energy Acquisition Corporation II, Merrill Lynch (as representative of the underwriters), and several individuals and entities including Sang-Chul Kim and SoftForum Co., Ltd. The parties agree to amend their previous insider letter agreements by deleting the first sentences of Sections 2 and 8. The amendment is effective upon execution by all parties. The document formalizes this change and requires confirmation by signature.

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EX-10.12 13 v142845_ex10-12.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 sentence of Section 2 and the first sentence of Section 8 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/ Jon Schotz   /s/ Charles A. Norris 
Jon Schotz
  
Charles A. Norris
     
/s/ Stephen N. Casati    
Stephen N. Casati
    
     
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