Exhibit
10.19


January 8, 2007


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:


This letter is intended to amend and restate in its entirety that
certain letter agreement, dated December 21, 2006, which I previously delivered
to you.


The undersigned officer, director 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)           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.


(f)            The undersigned further agrees that he shall not
hypothecate, donate, encumber or otherwise dispose of any interest in the membership
interests of Oenoke Partners, LLC 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.             Agreements of Directors and Officers


(a)           In the event that the Company does not consummate a
Business Combination by the Termination Date, in the event the undersigned is a
director of the Company, the undersigned, in his capacity as a Director of the
Company, (i) acknowledges the requirement set forth in the Certificate that the
Board of Directors of the Company shall adopt, within 15 days after the
Termination Date, a resolution finding the dissolution of the Company advisable
and provide notices to the Company’s stockholders as required by § 275(a) of
the Delaware General Corporate Law as soon as reasonably practicable thereafter
and (ii) will take all reasonable 


 


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actions within the
undersigned’s power to effect such dissolution of the Company under the
circumstances contemplated by the Certificate provided that at the time of such
liquidation and dissolution the undersigned is a director.


(b)           In order to minimize potential conflicts of interest which
may arise from multiple affiliations, in the event the undersigned is an
officer of the Company, the undersigned, in his capacity as an officer of the
Company, agrees to present to the Company for its consideration, prior to
presentation to any other person or entity, any suitable opportunity to acquire
an operating business, until the earlier of the consummation by the Company of
a Business Combination, the liquidation of the Company or until such time as
the undersigned is not an officer of the Company, subject to any pre-existing
fiduciary and contractual obligations the undersigned might have.


(c)           The undersigned intends to be the Chairman and Chief
Executive Officer of the Company until the earlier of the consummation by the
Company of a Business Combination or the liquidation of the Company.  The undersigned’s biographical information set
forth in the Registration Statement is true and accurate in all respects, does
not omit any material information with respect to the undersigned’s background
and contains all of the information required to be disclosed pursuant to Item
401 of Regulation S-K, promulgated under the Securities Act of 1933.  The undersigned’s Director’s and Officer’s
Questionnaire furnished to the Company in connection with the Registration
Statement is true and accurate in all respects. 
The undersigned represents and warrants that, except as disclosed in the
undersigned’s Director’s and Officer’s Questionnaire:


i.              the undersigned is
not subject to or a respondent in any legal action for, any injunction,
cease-and-desist order or order or stipulation to desist or refrain from any
act or practice relating to the offering of securities in any jurisdiction;


ii.             the undersigned
has never been convicted of or pleaded guilty to any crime (i) involving any
fraud or (ii) relating to any financial transaction or handling of funds of another
person, or (iii) pertaining to any dealings in any securities, and is not
currently a defendant in any such criminal proceeding; and


iii.            the undersigned
has never been suspended or expelled from membership in any securities or
commodities exchange or association or had a securities or commodities license
or registration denied, suspended or revoked.


(d)           The undersigned has full right and power, without
violating any agreement by which he is bound, to enter into this letter
agreement and to serve as the Chairman of the Board and Chief Executive
Officer.


3.             Reimbursement of Vendor Obligations


If the Trust Fund is
liquidated before completion of a Business Combination, the undersigned agrees
to reimburse the Company for the Company’s Vendor and Prospective Target
Business Obligations. For purposes of this paragraph, “Vendor and Prospective
Target Business Obligations” shall mean the debts of the Company (i) to vendors
from whom the Company does not obtain a valid and enforceable waiver of such
vendor’s rights against or 


 


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claims to the Trust Fund for
services rendered or products sold to the Company and (ii) to prospective
target businesses from whom the Company does not obtain a valid and enforceable
waiver of such prospective target business’ rights against or claims to the
Trust Fund, in either such case in excess of the net proceeds of the IPO not
held in the Trust Fund at the time of its liquidation, to the extent that such
debts or obligations (a) actually reduce the amount of funds in the Trust Fund
that are distributable to the Company’s stockholders and (b) are not reimbursed
by any insurance procured by the Company to cover such claims made against the
Trust Fund.  For the avoidance of doubt,
Vendor and Prospective Target Business Obligations do not include (x) any debts
or obligations to vendors that do not represent service fees (and related
disbursements) or product purchase prices, or (y) any debts or obligations owed
to any entity other than a vendor or a prospective target business.


4.             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.


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


	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Michael P. Connors