Exhibit 10.29


 


December 21, 2006


 


 


Information Services Group

Four Stamford Plaza

107 Elm Street

Stamford, CT  06902


 


Deutsche Bank Securities Inc.

60 Wall Street, 4th
Floor

New York, New York 10005


 


Morgan Joseph & Co. Inc.

600 Fifth Avenue, 19th Floor

New York, New York 10020


 


Lazard Capital Markets LLC

30 Rockefeller Plaza

New York, New York 10020


 


Re:                               Initial
Public Offering


 


Ladies and Gentlemen:


 


The undersigned senior advisor and holder of common
stock, par value $0.001 per share (“Common Stock”), of Information
Services Group, Inc. (the “Company”), in consideration of Deutsche
Bank Securities Inc., Morgan Joseph & Co. Inc. and Lazard Capital
Markets LLC (together, the “Underwriters”) agreeing to act as lead
underwriters in connection with the initial public offering of the securities
of the Company (“IPO”), hereby agrees as follows:


 


1.                                       Agreements of Stockholders


 


(a)                                  The
undersigned hereby waives any right to receive distributions (other than with
respect to Common Stock or any shares of Common Stock underlying units the
undersigned may purchase in connection with the IPO or in the after
market) upon the liquidation of the Trust Fund (as defined in the Certificate
of Incorporation of the Company (as amended, the “Certificate”;
capitalized terms used herein but not defined herein have the meaning set forth
in the Certificate)), or as part of any plan of dissolution and
distribution required in the event the Company does not consummate a Business
Combination by the Termination Date.


 

















 


(b)                                 The
undersigned hereby waives any right set forth in the Certificate to demand
conversion of the undersigned’s shares of Common Stock into cash (other than
with respect to Common Stock or any shares of Common Stock underlying units the
undersigned may purchase in connection with the IPO or in the after
market) in the event a Business Combination is approved by the Company’s
stockholders.


 


(c)                                  In
connection with the stockholder vote required to approve a Business
Combination, the undersigned shall vote any shares of Common Stock then owned
by the undersigned in accordance with the majority of the shares of Common
Stock voted by the Company’s public stockholders. In connection with the
stockholder vote for the Company’s plan of dissolution and distribution, if
any, required as a result of the Company’s failure to consummate a Business
Combination by the Termination Date, the undersigned shall vote any shares of
Common Stock then owned by the undersigned in favor of such dissolution and
distribution.


 


(d)                                 The
undersigned and any affiliate of the undersigned will not be entitled to
receive from the Company, and will not accept from the Company, any
compensation (including finder’s or consulting fees) for services rendered to
the Company prior to or in connection with the consummation of a Business
Combination (except as described in the registration statement filed with and
declared effective by the Securities and Exchange Commission in connection with
the IPO (the “Registration Statement”).


 


(e)                                  In
the event a Business Combination is consummated and the Company adopts a plan
of liquidation and distribution, the undersigned will, to the extent funds are
not available to the Company, advance to the Company the necessary funds to
implement and complete the Company’s plan of liquidation and distribution, and
agrees not to seek repayment for any such expenses incurred by the Company in
connection with the implementation of such plan; provided, that the
undersigned shall not be required to take a reserve to account for this
possibility.


 


(f)                                    The
undersigned will escrow the shares of Common Stock owned by the undersigned
immediately prior to the IPO pursuant to a stock escrow agreement until the
earliest of (i) one year from the completion of a Business Combination, (ii) the
Company’s liquidation and (iii) the consummation of a business combination
which results in all of the Company’s stockholders having the right to exchange
their shares of Common Stock for cash, securities or other property subsequent
to the Company’s consummating a Business Combination.


 


2.                                       Agreement of the Undersigned


 


(a)                                  The
undersigned has full right and power, without violating any agreement by which
it is bound, to enter into this letter agreement.


 


3.                                       Miscellaneous


 


(a)                                  The
undersigned has full right and power, without violating any agreement by which
the undersigned is bound, to enter into this letter agreement.


 


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(b)                                 This
letter agreement shall be governed by and construed and enforced in accordance
with the laws of the State of New York, without giving effect to conflicts of
law principles that would result in the application of the substantive laws of
another jurisdiction. The undersigned hereby (i) agrees that any action,
proceeding or claim against him arising out of or relating in any way to this
letter agreement (a “Proceeding”) shall be brought and enforced in the
courts of the State of New York of the United States of America for the
Southern District of New York, and irrevocably submits to such jurisdiction,
which jurisdiction shall be exclusive, and (ii) waives any objection to
such exclusive jurisdiction and that such courts represent an inconvenient
forum. If for any reason such agent is unable to act as such, the undersigned
will promptly notify the Company and the Underwriters and appoint a substitute
agent acceptable to the Underwriters within 30 days and nothing in this letter
will affect the right of either party to serve process in any other manner
permitted by law.


 


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LEFT BLANK]


 


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IN WITNESS WHEREOF, the undersigned has executed this
agreement as of the date first written above.


 


 


	
   

  	
  OENOKE PARTNERS, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael Connors

  	
   

  
	
   

  	
   

  	
  Name: Michael Connors

  
	
   

  	
   

  	
  Title: Managing Member