Document:

Unassociated Document

    Exhibit
      10.8

     

    Laura
      Pomerantz

    

     [•],
      2007

     

    

    

    NRDC
      Acquisition Corp.

    3
      Manhattanville Road

    Purchase,
      New York 10577

    

    Banc
      of
      America Securities LLC

    9
      West
      57th Street

    New
      York,
      NY 10019

    

    Re:
      NRDC Acquisition Corp. Initial Public Offering

     

    Gentlemen:

     

    This
      letter agreement (this
“Letter Agreement”) is being delivered to you in
      accordance with the Underwriting Agreement (the “Underwriting
      Agreement”) entered into by and between NRDC Acquisition Corp., a
      Delaware corporation (the “Company”), and Banc of
      America Securities LLC, a Delaware limited liability company, as representative
      of the several underwriters (the “Underwriters”),
      relating to an underwritten initial public offering (the
“Offering”), of 30,000,000 of the Company’s units (the
“Units”), each comprised of
      one share of the Company’s
      common stock, par value $0.0001 per share (the “Common
      Stock”), and one warrant exercisable for one share of Common Stock
      (each, a “Warrant”). The Units sold in the Offering
      will be listed and traded on the American Stock Exchange pursuant to a
      Registration Statement on Form S-1 and prospectus (the
“Prospectus”) filed by the Company with the Securities
      and Exchange Commission (the
“SEC”).  Certain capitalized terms used
      herein are defined in Section 12.

     

    In
      order to induce the Company and the
      Underwriters to enter into the Underwriting Agreement and to proceed with the
      Offering and for other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, the undersigned hereby agrees
      with
      the Company and the Underwriters as follows:

     

    
      	
              1.  

            	
              The
                undersigned hereby agrees that in the event that the Company fails
                to
                consummate a Business Combination within 24 months after the date
                of the
                final Prospectus relating to the Offering, the undersigned shall
                take all
                reasonable steps to (a) cause the Trust Account to be liquidated
                and its
                assets to be distributed to the Public Stockholders and (b) cause
                the
                Company to be liquidated as soon as reasonably practicable. The
                undersigned agrees that in connection with any cessation of the corporate
                existence of the Company, the undersigned will take all reasonable
                steps
                to cause the Company to adopt a plan of distribution in accordance
                with
                Section 281(b) of the General Corporation Law of the State of Delaware
                or
                any successor provision thereto.

            

    

     

    
      	
              2.  

            	
              With
                respect to such undersigned’s Insiders Shares, the undersigned hereby
                waives (a) any and all right, title, interest or claim of any kind
                in or
                to any distributions of the Trust Account as a result of any liquidation
                of the Company (“Claim”), and to any and all
                amounts distributed in connection with a liquidation of the Company,
                and
                hereby agrees to reimburse the Company for any distribution of the
                Trust
                Account received by the undersigned in respect of such undersigned’s
                Insiders Shares; and (b) any and all right to exercise conversion
                rights
                in connection with a proposed Business Combination. The undersigned
                acknowledges and agrees that, upon the Company’s liquidation, all warrants
                relating to the Company that are owned by the undersigned will terminate
                worthless.  The undersigned hereby waives any Claim the
                undersigned may have in the future as a result of, or arising out
                of, any
                contracts or agreements with the Company and the undersigned will
                not seek
                recourse against the Trust Account for any reason
                whatsoever.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              3.  

            	
               (a)                           With
                respect to the undersigned’s Insiders Shares, the undersigned shall not,
                until one (1) year after the consummation of an initial Business
                Combination (the “Lock-Up Period”), (i) sell,
                offer to sell, contract or agree to sell, hypothecate, pledge, grant
                any
                option to purchase or otherwise dispose of or agree to dispose of,
                directly or indirectly, or establish or increase a put equivalent
                position
                or liquidate or decrease a call equivalent position within the meaning
                of
                Section 16 of the Securities Exchange Act of 1934, as amended, and
                the
                rules and regulations of the SEC promulgated thereunder with respect
                to,
                any Insiders Shares, (ii) enter into any swap or other arrangement
                that
                transfers to another, in whole or in part, any of the economic
                consequences of ownership of Insiders Shares, whether any such transaction
                is to be settled by delivery of shares of Common Stock, in cash or
                otherwise, or (iii) publicly announce an intention to effect any
                transaction specified in clause (i) or
                (ii).

            

    

     

    (b)                           Notwithstanding
      the foregoing, the undersigned may transfer the undersigned’s Insiders Shares
      during the applicable Lock-Up Period (as applicable) (i) to a member of the
      undersigned’s immediate family or an affiliate of the undersigned, (ii) to a
      trust, the beneficiary of which is a member of the undersigned’s immediate
      family, (iii) by virtue of the laws of descent and distribution upon death
      of
      the undersigned, (iv) to other officers or directors of the Company, (v)
      pursuant to a qualified domestic relations order, or (vi) in the event of a
      merger, capital stock exchange, stock purchase, asset acquisition or other
      similar transaction which results in all the Company’s stockholders having the
      right to exchange their shares of Common Stock or other securities for cash,
      securities or other property subsequent to the Company’s consummating a Business
      Combination with a target business; provided, however, that the
      permissive transfers pursuant to clauses (i) — (v) may be implemented only upon
      the respective transferee’s written agreement to be bound by the terms and
      conditions of this Letter Agreement. During the applicable Lock-Up Period,
      the
      undersigned shall not grant a security interest in the undersigned’s Insiders
      Shares.

     

    (c)                           If
      (i) during the last 17 days of the applicable Lock-Up Period, the Company issues
      material news or a material event relating to the Company occurs or (ii) before
      the expiration of the applicable Lock-Up Period, the Company announces that
      material news or a material event relating to the Company will occur during
      the
      16-day period beginning on the last day of the Lock-Up Period, said Lock-Up
      Period will be extended for up to 18 days beginning on the issuance of the
      material news or the occurrence of the material event.

     

    (d)                           The
      undersigned agrees that after the applicable Lock-Up Period has elapsed, the
      undersigned’s Insiders Shares shall only be transferable or saleable pursuant to
      a sale registered under the Securities Act of 1933, as amended (the
“Securities Act”), or pursuant to an available
      exemption from registration, other than Regulations S of the Securities
      Act.

     

    
      	
              4.  

            	
              The
                undersigned agrees that in connection with any proposed Business
                Combination, the undersigned will vote (a) all Insiders Shares owned
                by
                the undersigned in accordance with the majority of the votes cast
                by the
                Public Stockholders in connection with the vote required to approve
                the
                Business Combination; (b) all shares of Common Stock acquired by
                the
                undersigned in the Offering or in the secondary market in favor of
                the
                Business Combination; and (c) all Insiders Shares and all shares
                of Common
                Stock acquired by the undersigned in the Offering or in the secondary
                market in favor of an amendment to the Second Restated Certificate
                providing for the Company’s perpetual
                existence.

            

    

     

    
      	
              5.  

            	
              The
                undersigned agrees to serve as a member of the Board of Directors
                of the
                Company until the earlier of the consummation by the Company of a
                Business
                Combination or the liquidation of the Company; provided,
                however, that nothing herein shall be construed as providing a
                right of the undersigned to maintain any position if removed by proper
                corporate action. The undersigned’s biographical information furnished to
                the Company and the Underwriters and attached hereto as Exhibit A
                is true and accurate in all material 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 Section 401
                of
                Regulation S-K, promulgated under the Securities Act. The undersigned’s
                completed questionnaires furnished to the Company and the Underwriters
                and
                attached hereto as Exhibit B are true and accurate in all material
                respects. The undersigned represents and warrants
                that:

            

    

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    (a)      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;

     

    (b)      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 the undersigned is not currently a defendant in any such criminal
      proceeding; and

     

    (c)      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.

     

    
      	
              6.  

            	
              Except
                as disclosed in the Prospectus, neither the undersigned nor any family
                member or affiliate of the undersigned will be entitled to receive,
                and no
                such person will accept:

            

    

     

    (a)                           any
      compensation, finder’s fee, reimbursement or cash payment from the Company for
      services rendered to the Company prior to or in connection with the consummation
      of a Business Combination, other than reimbursement from the Company for the
      undersigned’s reasonable out-of-pocket expenses related to the Offering and
      identifying, investigating and consummating a Business Combination;
      and

     

    (b)                           any
      finder’s fee, consulting fee or any other compensation or fees from the Company
      or any other person or entity in the event the undersigned or any family member
      or affiliate of the undersigned originates a Business Combination.

     

    
      	
              7.  

            	
              The
                undersigned acknowledges and agrees that the Company will not consummate
                any Business Combination with any entity that is affiliated with
                any
                Insiders or any of their respective affiliates unless the Company
                obtains
                an opinion from an independent investment banking firm that the Business
                Combination is fair to the Company’s stockholders from a financial
                perspective.

            

    

     

    
      	
              8.  

            	
              The
                undersigned has full right and power, without violating any agreement
                by
                which the undersigned is bound (including, without limitation, any
                non-competition or non-solicitation agreement), to enter into this
                Letter
                Agreement and to serve as a director of the Company.  The
                undersigned hereby consents to being named in the
                Prospectus.

            

    

     

    
      	
              9.  

            	
              The
                undersigned agrees that until the consummation of a Business Combination
                or the cessation of the corporate existence of the Company, whichever
                is
                earlier, the undersigned will not participate in the formation of,
                or
                accept any position as a director or officer with, any blank check
                company
                or any entity commonly regarded as a “special purpose acquisition
                company.”

            

    

     

    
      	
              10.  

            	
              The
                undersigned agrees that until the consummation of a Business Combination,
                the undersigned will not recommend or take any action to amend or
                waive
                any provisions of Article Fifth or Article Sixth of the Second Restated
                Certificate.

            

    

     

    
      	
              11.  

            	
              The
                undersigned hereby agrees that, on a date that is within the five-day
                period following the date that is 30 days after the date of the
                Underwriting Agreement or, if earlier, the date the Underwriters
                terminate
                their option to purchase Optional Units (as defined in the Underwriting
                Agreement) pursuant to the terms of the Underwriting Agreement, the
                undersigned will forfeit to the Company, and the Company shall accept
                from
                the undersigned, at no cost, the number of shares of Common Stock
                determined by multiplying (a) the product of (i) 1,125,000, multiplied
                by
                (ii) a fraction, (x) the numerator of which is the number of Insiders
                Shares held by the undersigned, and (y) the denominator of which
                is the
                number of Insiders Shares held by all Insiders, by (b) a fraction,
                (i) the
                numerator of which is 4,500,000 minus the number of shares of Common
                Stock
                purchased by the Underwriters upon the exercise of their option to
                purchase Optional Units, and (ii) the denominator of which is
                4,500,000.

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	
              12.  

            	
              As
                used herein, (a) a “Business Combination” shall
                mean the Company’s initial acquisition of one or more operating
                businesses, through a merger, capital stock exchange, stock purchase,
                asset acquisition, or other similar business combination, having
                an
                aggregate fair market value of at least eighty percent (80%) of the
                balance held in the Trust Account (excluding the amount held in the
                Trust
                Account representing the deferred underwriting discounts and commissions
                and taxes payable) at the time of such acquisition; (b)
                “Founders” shall mean NRDC Capital Management
                LLC, William L. Mack, Robert C. Baker, Richard A. Baker and Lee Neibart;
                (c) “Insiders” shall mean the Founders and all
                other officers, directors and stockholders of the Company immediately
                prior to the Offering; (d) “Insiders Shares”
                shall mean all of the shares of Common Stock owned by a Founder prior
                to
                the Offering (and shall include any shares of Common Stock issued
                as
                dividends with respect to such shares); (e) “Public
                Stockholders” shall mean the holders of securities issued in
                the Offering; (f) “Second Restated Certificate”
                shall mean the Company’s Second Amended and Restated Certificate of
                Incorporation, as the same may be amended from time to time; and
                (g)
                “Trust Account” shall mean the trust account
                established for the benefit of the Public Stockholders into which
                a
                portion of the net proceeds of the Offering will be
                deposited.

            

    

     

    
      	
              13.  

            	
              The
                undersigned acknowledges and understands that the Company will rely
                upon
                the agreements, representations and warranties set forth herein in
                proceeding with the Offering. Nothing contained herein shall be deemed
                to
                render the Underwriters a representative of, or a fiduciary with
                respect
                to, the Company, its stockholders, or any creditor or vendor of the
                Company with respect to the subject matter
                hereof.

            

    

     

    
      	
              14.  

            	
              This
                Letter Agreement constitutes the entire agreement and understanding
                of the
                parties hereto in respect of its subject matter and supersedes all
                prior
                understandings, agreements, or representations by or among the parties
                hereto, written or oral, to the extent they relate in any way to
                the
                subject matter hereof or the transactions contemplated
                hereby.  This Letter Agreement may not be amended, modified or
                waived as to any particular provision, except by a written instrument
                executed by all parties hereto.  No party hereto may assign
                either this Letter Agreement or any of its rights, interests, or
                obligations hereunder without the prior written approval of the other
                parties hereto. Any purported assignment in violation of this Section
                14
                shall be void and ineffectual and shall not operate to transfer or
                assign
                any interest or title to the purported assignee.  This Letter
                Agreement, the entire relationship of the parties hereto, and any
                litigation between the parties (whether grounded in contract, tort,
                statute, law or equity) shall be governed by, construed in accordance
                with, and interpreted pursuant to the laws of the State of New York,
                without giving effect to its choice of laws principles. The undersigned
                hereby agrees that any action, proceeding or claim against the undersigned
                arising out of, or relating in any way to this Letter Agreement shall
                be
                brought and enforced in the courts of the State of New York or the
                United
                States District Court for the Southern District of New York, and
                irrevocably submits to such jurisdiction.  The undersigned
                hereby irrevocably and unconditionally waives the right to a trial
                by jury
                in any action, suit, counterclaim or other proceeding (whether based
                on
                contract, tort or otherwise) arising out of, connected with or relating
                to
                this Letter Agreement.  This Letter Agreement shall be binding
                on the undersigned and such person’s respective heirs, personal
                representatives, successors and assigns. This Letter Agreement shall
                terminate on the earlier of (a) the expiration of the Lock-Up Period
                applicable to the undersigned’s Insiders Shares and (b) the liquidation of
                the Company; provided that such termination shall not relieve the
                undersigned from liability for any breach of this Letter Agreement
                prior
                to its termination.

            

    

     

    [SIGNATURES
      COMMENCE ON NEXT PAGE]

     

    

    
      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

    

    

    Sincerely,

     

    LAURA
      POMERANTZ

     

    _________________________________

    

     

    Accepted
      and agreed:

     

    NRDC
      ACQUISITION CORP.

     

    

    By:_________________________________

    Name:

    Title:

    

     

    BANC
      OF
      AMERICA SECURITIES LLC

     

    

    By:_________________________________

    Name:

    Title:

    

     

    

    
      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      A

    INFORMATION
      FURNISHED TO THE COMPANY

     

    

    
      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      B

    QUESTIONNAIRE

     

    

     

    
 

     

    7Unassociated Document

    
      Exhibit
        10.9

       

      Ronald
        W.
        Tysoe

      

       [•],
        2007

       

      

      

      NRDC
        Acquisition Corp.

      3
        Manhattanville Road

      Purchase,
        New York 10577

      

      Banc
        of
        America Securities LLC

      9
        West
        57th Street

      New
        York,
        NY 10019

      

      Re:
        NRDC Acquisition Corp. Initial Public Offering

       

      Gentlemen:

       

      This
        letter agreement (this
“Letter Agreement”) is being delivered to you in
        accordance with the Underwriting Agreement (the “Underwriting
        Agreement”) entered into by and between NRDC Acquisition Corp., a
        Delaware corporation (the “Company”), and Banc of
        America Securities LLC, a Delaware limited liability company, as representative
        of the several underwriters (the “Underwriters”),
        relating to an underwritten initial public offering (the
“Offering”), of 30,000,000 of the Company’s units (the
“Units”), each comprised
        of one share of the Company’s
        common stock, par value $0.0001 per share (the “Common
        Stock”), and one warrant exercisable for one share of Common Stock
        (each, a “Warrant”). The Units sold in the Offering
        will be listed and traded on the American Stock Exchange pursuant to a
        Registration Statement on Form S-1 and prospectus (the
“Prospectus”) filed by the Company with the Securities
        and Exchange Commission (the
“SEC”).  Certain capitalized terms used
        herein are defined in Section 12.

       

      In
        order to induce the Company and the
        Underwriters to enter into the Underwriting Agreement and to proceed with
        the
        Offering and for other good and valuable consideration, the receipt and
        sufficiency of which are hereby acknowledged, the undersigned hereby agrees
        with
        the Company and the Underwriters as follows:

       

      
        	
                1.  

              	
                The
                  undersigned hereby agrees that in the event that the Company fails
                  to
                  consummate a Business Combination within 24 months after the date
                  of the
                  final Prospectus relating to the Offering, the undersigned shall
                  take all
                  reasonable steps to (a) cause the Trust Account to be liquidated
                  and its
                  assets to be distributed to the Public Stockholders and (b) cause
                  the
                  Company to be liquidated as soon as reasonably practicable. The
                  undersigned agrees that in connection with any cessation of the
                  corporate
                  existence of the Company, the undersigned will take all reasonable
                  steps
                  to cause the Company to adopt a plan of distribution in accordance
                  with
                  Section 281(b) of the General Corporation Law of the State of Delaware
                  or
                  any successor provision thereto.

              

      

       

      
        	
                2.  

              	
                With
                  respect to such undersigned’s Insiders Shares, the undersigned hereby
                  waives (a) any and all right, title, interest or claim of any kind
                  in or
                  to any distributions of the Trust Account as a result of any liquidation
                  of the Company (“Claim”), and to any and all
                  amounts distributed in connection with a liquidation of the Company,
                  and
                  hereby agrees to reimburse the Company for any distribution of
                  the Trust
                  Account received by the undersigned in respect of such undersigned’s
                  Insiders Shares; and (b) any and all right to exercise conversion
                  rights
                  in connection with a proposed Business Combination. The undersigned
                  acknowledges and agrees that, upon the Company’s liquidation, all warrants
                  relating to the Company that are owned by the undersigned will
                  terminate
                  worthless.  The undersigned hereby waives any Claim the
                  undersigned may have in the future as a result of, or arising out
                  of, any
                  contracts or agreements with the Company and the undersigned will
                  not seek
                  recourse against the Trust Account for any reason
                  whatsoever.

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      
        	
                3.  

              	
                 (a)                      With
                  respect to the undersigned’s Insiders Shares, the undersigned shall not,
                  until one (1) year after the consummation of an initial Business
                  Combination (the “Lock-Up Period”), (i) sell,
                  offer to sell, contract or agree to sell, hypothecate, pledge,
                  grant any
                  option to purchase or otherwise dispose of or agree to dispose
                  of,
                  directly or indirectly, or establish or increase a put equivalent
                  position
                  or liquidate or decrease a call equivalent position within the
                  meaning of
                  Section 16 of the Securities Exchange Act of 1934, as amended,
                  and the
                  rules and regulations of the SEC promulgated thereunder with respect
                  to,
                  any Insiders Shares, (ii) enter into any swap or other arrangement
                  that
                  transfers to another, in whole or in part, any of the economic
                  consequences of ownership of Insiders Shares, whether any such
                  transaction
                  is to be settled by delivery of shares of Common Stock, in cash
                  or
                  otherwise, or (iii) publicly announce an intention to effect any
                  transaction specified in clause (i) or
                  (ii).

              

      

       

      (b)                       Notwithstanding
        the foregoing, the undersigned may transfer the undersigned’s Insiders Shares
        during the applicable Lock-Up Period (as applicable) (i) to a member of the
        undersigned’s immediate family or an affiliate of the undersigned, (ii) to a
        trust, the beneficiary of which is a member of the undersigned’s immediate
        family, (iii) by virtue of the laws of descent and distribution upon death
        of
        the undersigned, (iv) to other officers or directors of the Company, (v)
        pursuant to a qualified domestic relations order, or (vi) in the event of
        a
        merger, capital stock exchange, stock purchase, asset acquisition or other
        similar transaction which results in all the Company’s stockholders having the
        right to exchange their shares of Common Stock or other securities for cash,
        securities or other property subsequent to the Company’s consummating a Business
        Combination with a target business; provided, however, that the
        permissive transfers pursuant to clauses (i) — (v) may be implemented only upon
        the respective transferee’s written agreement to be bound by the terms and
        conditions of this Letter Agreement. During the applicable Lock-Up Period,
        the
        undersigned shall not grant a security interest in the undersigned’s Insiders
        Shares.

       

      (c)                       If
        (i) during the last 17 days of the applicable Lock-Up Period, the Company
        issues
        material news or a material event relating to the Company occurs or (ii)
        before
        the expiration of the applicable Lock-Up Period, the Company announces that
        material news or a material event relating to the Company will occur during
        the
        16-day period beginning on the last day of the Lock-Up Period, said Lock-Up
        Period will be extended for up to 18 days beginning on the issuance of the
        material news or the occurrence of the material event.

       

      (d)                       The
        undersigned agrees that after the applicable Lock-Up Period has elapsed,
        the
        undersigned’s Insiders Shares shall only be transferable or saleable pursuant to
        a sale registered under the Securities Act of 1933, as amended (the
“Securities Act”), or pursuant to an available
        exemption from registration, other than Regulations S of the Securities
        Act.

       

      
        	
                4.  

              	
                The
                  undersigned agrees that in connection with any proposed Business
                  Combination, the undersigned will vote (a) all Insiders Shares
                  owned by
                  the undersigned in accordance with the majority of the votes cast
                  by the
                  Public Stockholders in connection with the vote required to approve
                  the
                  Business Combination; (b) all shares of Common Stock acquired by
                  the
                  undersigned in the Offering or in the secondary market in favor
                  of the
                  Business Combination; and (c) all Insiders Shares and all shares
                  of Common
                  Stock acquired by the undersigned in the Offering or in the secondary
                  market in favor of an amendment to the Second Restated Certificate
                  providing for the Company’s perpetual
                  existence.

              

      

       

      
        	
                5.  

              	
                The
                  undersigned agrees to serve as a member of the Board of Directors
                  of the
                  Company until the earlier of the consummation by the Company of
                  a Business
                  Combination or the liquidation of the Company; provided,
                  however, that nothing herein shall be construed as providing a
                  right of the undersigned to maintain any position if removed by
                  proper
                  corporate action. The undersigned’s biographical information furnished to
                  the Company and the Underwriters and attached hereto as Exhibit A
                  is true and accurate in all material 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 Section
                  401 of
                  Regulation S-K, promulgated under the Securities Act. The undersigned’s
                  completed questionnaires furnished to the Company and the Underwriters
                  and
                  attached hereto as Exhibit B are true and accurate in all material
                  respects. The undersigned represents and warrants
                  that:

              

      

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      
        	
                 

              	
                (a)        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;

              

        	 	 

        	 	(b)        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 the undersigned is not currently a defendant
                in any
                such criminal proceeding; and

        	 	 

        	 	(c)        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.

      

       

      
        	
                6.  

              	
                Except
                  as disclosed in the Prospectus, neither the undersigned nor any
                  family
                  member or affiliate of the undersigned will be entitled to receive,
                  and no
                  such person will accept:

              

      

       

      (a)                       any
        compensation, finder’s fee, reimbursement or cash payment from the Company for
        services rendered to the Company prior to or in connection with the consummation
        of a Business Combination, other than reimbursement from the Company for
        the
        undersigned’s reasonable out-of-pocket expenses related to the Offering and
        identifying, investigating and consummating a Business Combination;
        and

       

      (b)                       any
        finder’s fee, consulting fee or any other compensation or fees from the Company
        or any other person or entity in the event the undersigned or any family
        member
        or affiliate of the undersigned originates a Business Combination.

       

      
        	
                7.  

              	
                The
                  undersigned acknowledges and agrees that the Company will not consummate
                  any Business Combination with any entity that is affiliated with
                  any
                  Insiders or any of their respective affiliates unless the Company
                  obtains
                  an opinion from an independent investment banking firm that the
                  Business
                  Combination is fair to the Company’s stockholders from a financial
                  perspective.

              

      

       

      
        	
                8.  

              	
                The
                  undersigned has full right and power, without violating any agreement
                  by
                  which the undersigned is bound (including, without limitation,
                  any
                  non-competition or non-solicitation agreement), to enter into this
                  Letter
                  Agreement and to serve as a director of the Company.  The
                  undersigned hereby consents to being named in the
                  Prospectus.

              

      

       

      
        	
                9.  

              	
                The
                  undersigned agrees that until the consummation of a Business Combination
                  or the cessation of the corporate existence of the Company, whichever
                  is
                  earlier, the undersigned will not participate in the formation
                  of, or
                  accept any position as a director or officer with, any blank check
                  company
                  or any entity commonly regarded as a “special purpose acquisition
                  company.”

              

      

       

      
        	
                10.  

              	
                The
                  undersigned agrees that until the consummation of a Business Combination,
                  the undersigned will not recommend or take any action to amend
                  or waive
                  any provisions of Article Fifth or Article Sixth of the Second
                  Restated
                  Certificate.

              

      

       

      
        	
                11.  

              	
                The
                  undersigned hereby agrees that, on a date that is within the five-day
                  period following the date that is 30 days after the date of the
                  Underwriting Agreement or, if earlier, the date the Underwriters
                  terminate
                  their option to purchase Optional Units (as defined in the Underwriting
                  Agreement) pursuant to the terms of the Underwriting Agreement,
                  the
                  undersigned will forfeit to the Company, and the Company shall
                  accept from
                  the undersigned, at no cost, the number of shares of Common Stock
                  determined by multiplying (a) the product of (i) 1,125,000, multiplied
                  by
                  (ii) a fraction, (x) the numerator of which is the number of Insiders
                  Shares held by the undersigned, and (y) the denominator of which
                  is the
                  number of Insiders Shares held by all Insiders, by (b) a fraction,
                  (i) the
                  numerator of which is 4,500,000 minus the number of shares of Common
                  Stock
                  purchased by the Underwriters upon the exercise of their option
                  to
                  purchase Optional Units, and (ii) the denominator of which is
                  4,500,000.

              

      

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      
        	
                12.  

              	
                As
                  used herein, (a) a “Business Combination” shall
                  mean the Company’s initial acquisition of one or more operating
                  businesses, through a merger, capital stock exchange, stock purchase,
                  asset acquisition, or other similar business combination, having
                  an
                  aggregate fair market value of at least eighty percent (80%) of
                  the
                  balance held in the Trust Account (excluding the amount held in
                  the Trust
                  Account representing the deferred underwriting discounts and commissions
                  and taxes payable) at the time of such acquisition; (b)
                  “Founders” shall mean NRDC Capital Management
                  LLC, William L. Mack, Robert C. Baker, Richard A. Baker and Lee
                  Neibart;
                  (c) “Insiders” shall mean the Founders and all
                  other officers, directors and stockholders of the Company immediately
                  prior to the Offering; (d) “Insiders Shares”
                  shall mean all of the shares of Common Stock owned by a Founder
                  prior to
                  the Offering (and shall include any shares of Common Stock issued
                  as
                  dividends with respect to such shares); (e) “Public
                  Stockholders” shall mean the holders of securities issued in
                  the Offering; (f) “Second Restated Certificate”
                  shall mean the Company’s Second Amended and Restated Certificate of
                  Incorporation, as the same may be amended from time to time; and
                  (g)
                  “Trust Account” shall mean the trust account
                  established for the benefit of the Public Stockholders into which
                  a
                  portion of the net proceeds of the Offering will be
                  deposited.

              

      

       

      
        	
                13.  

              	
                The
                  undersigned acknowledges and understands that the Company will
                  rely upon
                  the agreements, representations and warranties set forth herein
                  in
                  proceeding with the Offering. Nothing contained herein shall be
                  deemed to
                  render the Underwriters a representative of, or a fiduciary with
                  respect
                  to, the Company, its stockholders, or any creditor or vendor of
                  the
                  Company with respect to the subject matter
                  hereof.

              

      

       

      
        	
                14.  

              	
                This
                  Letter Agreement constitutes the entire agreement and understanding
                  of the
                  parties hereto in respect of its subject matter and supersedes
                  all prior
                  understandings, agreements, or representations by or among the
                  parties
                  hereto, written or oral, to the extent they relate in any way to
                  the
                  subject matter hereof or the transactions contemplated
                  hereby.  This Letter Agreement may not be amended, modified or
                  waived as to any particular provision, except by a written instrument
                  executed by all parties hereto.  No party hereto may assign
                  either this Letter Agreement or any of its rights, interests, or
                  obligations hereunder without the prior written approval of the
                  other
                  parties hereto. Any purported assignment in violation of this Section
                  14
                  shall be void and ineffectual and shall not operate to transfer
                  or assign
                  any interest or title to the purported assignee.  This Letter
                  Agreement, the entire relationship of the parties hereto, and any
                  litigation between the parties (whether grounded in contract, tort,
                  statute, law or equity) shall be governed by, construed in accordance
                  with, and interpreted pursuant to the laws of the State of New
                  York,
                  without giving effect to its choice of laws principles. The undersigned
                  hereby agrees that any action, proceeding or claim against the
                  undersigned
                  arising out of, or relating in any way to this Letter Agreement
                  shall be
                  brought and enforced in the courts of the State of New York or
                  the United
                  States District Court for the Southern District of New York, and
                  irrevocably submits to such jurisdiction.  The undersigned
                  hereby irrevocably and unconditionally waives the right to a trial
                  by jury
                  in any action, suit, counterclaim or other proceeding (whether
                  based on
                  contract, tort or otherwise) arising out of, connected with or
                  relating to
                  this Letter Agreement.  This Letter Agreement shall be binding
                  on the undersigned and such person’s respective heirs, personal
                  representatives, successors and assigns. This Letter Agreement
                  shall
                  terminate on the earlier of (a) the expiration of the Lock-Up Period
                  applicable to the undersigned’s Insiders Shares and (b) the liquidation of
                  the Company; provided that such termination shall not relieve the
                  undersigned from liability for any breach of this Letter Agreement
                  prior
                  to its termination.

              

      

       

      [SIGNATURES
        COMMENCE ON NEXT PAGE]

       

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      
        
          	 	
                  Sincerely,

                	 
	 	 	 	 
	
                   

                	
                   

                	 
	 	RONALD
                  W. TYSOE	 
	 	 	 	 
	 	 	 	 

        

         

      

      Accepted
        and agreed:

       

      NRDC
        ACQUISITION CORP.

       

      

      By:_________________________________

      Name:

      Title:

      

       

      BANC
        OF
        AMERICA SECURITIES LLC

       

      

      By:_________________________________

      Name:

      Title:

      

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      EXHIBIT
        A

      INFORMATION
        FURNISHED TO THE COMPANY

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      EXHIBIT
        B

      QUESTIONNAIRE

       

      7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]