Document:

Exhibit 10.2

  
 Exhibit 10.2

  
 [FORM OF LETTER AGREEMENT TO BE ENTERED INTO BY 

AND BETWEEN WEDBUSH MORGAN SECURITIES INC. 
 AND EACH OF THE INITIAL STOCKHOLDERS] 
  
                     , 2005 
  
 WEDBUSH MORGAN SECURITIES INC. 
 As representative of the
several Underwriters 
 1000 Wilshire Blvd., 10th Floor 
 Los
Angeles, CA 90017 
  

	 	Re:	TAC Acquisition Corp. Initial Public Offering – Letter Agreement 

  
 Dear Ladies and Gentlemen: 
  
 This letter is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by
and between TAC Acquisition Corp., a Delaware corporation (the “Company”), and Wedbush Morgan Securities Inc., as Representative (the “Representative”) of the several Underwriters named in Schedule I
thereto (the “Underwriters”), relating to an underwritten initial public offering (the “IPO”) 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 two warrants, each of which are exercisable for one share of Common Stock (each, a “Warrant”). The capitalized terms
set forth on Schedule 1 attached hereto are hereby incorporated by reference herein. 
  
 In order to induce the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit that such IPO will confer upon the undersigned as a
stockholder of the Company, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Representative as follows: 
  
 The undersigned represents and warrants that, as of the date hereof, (i) the
biographical information furnished to the Company and the Representative and attached hereto as Exhibit A is true and accurate in all respects (other than de minimis errors or omissions), does not omit any material information with respect to
the undersigned’s background during the previous five years 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, as amended, and (ii) the
questionnaires furnished by the undersigned to the Company and the Representative are true and accurate in all respects (other than de minimis errors or omissions). The undersigned further represents and warrants that: 
  
 (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; 
  
 Letter Agreement - Representative 
  

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 (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 such person 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. 
  
 The undersigned understands that the Representative may conduct a reasonable background check with respect to the undersigned; provided, that the
Representative agrees to maintain the confidentiality of any information received pursuant thereto, and further agrees not transfer, or cause or permit the transfer of, such information to any other person or party, or use such information other
than in connection with the IPO, in each case without the express written consent of the undersigned. 
  
 The undersigned acknowledges and understands that the Underwriters and the Company will rely upon the agreements, representations and warranties set forth
herein in proceeding with the IPO. 
  
 This letter agreement shall
terminate on the earlier of (i) the Business Combination Date and (ii) the Termination Date. 
  
 This letter agreement shall be governed by and interpreted and construed in accordance with the laws of the State of New York applicable to contracts formed and to be performed entirely within the State of New York,
without regard to the conflicts of law provisions thereof to the extent such principles or rules would require or permit the application of the laws of another jurisdiction. 
  
 No term or provision of this letter agreement may be amended, changed, waived, altered or modified except by written
instrument executed and delivered by the party against whom such amendment, change, waiver, alteration or modification is to be enforced. 
  
 [The Remainder of this Page is Intentionally Left Blank] 
  
 Letter Agreement - Representative 
  

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	Sincerely,
		
	By:	 	 
	 Name:
	 	 
	 Title:
	 	 

  

			
	Accepted and agreed:
	
	WEDBUSH MORGAN SECURITIES INC.
		
	By:	 	 
	 Name:
	 	 
	 Title:
	 	 

  
 Letter Agreement -
Representative 
  

 3 

  
 Schedule 1 

 
 SUPPLEMENTAL COMMON DEFINITIONS 
  
 Unless the context shall otherwise require, the following terms shall
have the following respective meanings for all purposes, and the following definitions are equally applicable to both the singular and the plural forms and the feminine, masculine and neuter forms of the terms defined. 
  
 “Business Combination” shall mean the acquisition by the
Company, whether by merger, capital stock exchange, asset acquisition or other similar type of combination, of one or more operating businesses in the technology-related sector, having, collectively, a fair market value (as calculated in accordance
with the Company’s Amended and Restated Certificate of Incorporation) of at least 80% of the Company’s net assets at the time of such merger, capital stock exchange, asset acquisition or other similar type of combination. 
  
 “Business Combination Date” shall mean the date upon which a
Business Combination is consummated, as conclusively established by a majority of the Independent Directors of the Company immediately following a Business Combination. 
  
 “Effective Date” shall mean the date upon which the Registration Statement is declared effective under the
Securities Act of 1933, as amended, by the SEC. 
  
 “Immediate Family” shall mean, with respect to any person, such person’s spouse, lineal descendents, father, mother, brothers or sisters (including any such relatives by adoption or marriage). 
  
 “Independent Directors” shall mean the Company’s
directors that qualify as “independent” under NASD Rule 4200(a)(15), as amended. 
  
 “Termination Date” shall mean the date that is sixty (60) calendar days immediately following the Transaction Failure Date (inclusive thereof). 
  
 “Transaction Failure” shall mean the earlier of (i) the
failure to enter into a letter of intent, definitive agreement or agreement in principle with respect to a Business Combination on any day during the twelve-month period immediately following the Effective Date, and (ii) the failure to consummate a
Business Combination on any day during the eighteen-month period immediately following the Effective Date. 
  
 “Transaction Failure Date” shall mean the date upon which a Transaction Failure occurs, as conclusively established by a majority of the
Independent Directors of the Company immediately following a Transaction Failure. 
  

  
 Exhibit A 

 
 BIOGRAPHY 
  
 [ Insert Bio here ]Exhibit 10.3

  
 Exhibit 10.3

  
 [FORM OF LOCK-UP AGREEMENT TO BE ENTERED INTO BY

 AND BETWEEN WEDBUSH MORGAN SECURITIES INC. 
 AND EACH OF THE INITIAL STOCKHOLDERS] 
  
                     , 2005 
  
 WEDBUSH MORGAN SECURITIES INC. 
 As representative of the several Underwriters 
 1000 Wilshire Blvd., 10th Floor 
 Los Angeles, CA 90017 
  

	 	Re:	TAC Acquisition Corp. Initial Public Offering – Lock-up Agreement 

  
 Dear Ladies and Gentlemen: 
  
 This letter is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by
and between TAC Acquisition Corp., a Delaware corporation (the “Company”), and Wedbush Morgan Securities Inc., as Representative (the “Representative”) of the several Underwriters named in Schedule I
thereto (the “Underwriters”), relating to an underwritten initial public offering (the “IPO”) 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 two warrants, each of which are exercisable for one share of Common Stock (each, a “Warrant”). The capitalized terms
set forth on Schedule 1 attached hereto are hereby incorporated by reference herein. 
  
 In order to induce the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit that such IPO will confer upon the undersigned as a
stockholder of the Company, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Representative that the undersigned will not publicly announce any
intention to, will not authorize any affiliate or subsidiary, if applicable, to, and will not, without the prior written consent of the Representative on behalf of the Underwriters, such consent not to be unreasonably withheld, directly or
indirectly, (i) offer, pledge, or sell, by contract, option, right or otherwise, any Insider Shares beneficially owned by the undersigned (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as amended) or lend, grant or
otherwise transfer or dispose of any such Insider Shares, or (ii) enter into any swap or other agreement that transfers, in whole or in part, any of the economic characteristics of ownership of such Insider Shares (whether any such transaction
described in clause (i) or (ii) above is to be settled by delivery of such Insider Shares, in cash or otherwise), during the Lock-Up Period. 
  
 Notwithstanding the foregoing, the undersigned may (i) transfer Insider Shares either during such person’s lifetime or, on death, by bona fide gifts,
will or intestacy to members of the undersigned’s Immediate Family or to trusts exclusively for the benefit of members of the undersigned’s Immediate Family, (ii) transfer Insider Shares pursuant to a qualified domestic 
  
 Lock-Up Agreement 
  

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 relations order, or (iii) transfer record ownership of the Insider Shares whereby there is no change in beneficial
ownership; provided, however, that, prior to any such transfer, such transferee executes an agreement, satisfactory to the Representative, pursuant to which such transferee agrees to receive and hold such Insider Shares subject to the
provisions hereof. 
  
 The undersigned agrees that during the
Lock-up Period the certificates representing such Insider Shares owned by the undersigned shall bear the legends set forth Exhibit A attached hereto. 
  
 The undersigned acknowledges and understands that the Underwriters and the Company will rely upon the agreements set forth herein in proceeding with the
IPO. The undersigned agrees and consents to the entry of stop transfer instructions with the Company’s transfer agent against the transfer of Insider Shares except in compliance with the terms and conditions of this letter agreement.

  
 This letter agreement shall be binding on the undersigned and
such person’s respective successors, heirs, personal representatives and assigns. This letter agreement shall terminate on the Lock-Up Period Termination Date. 
  
 This letter agreement shall be governed by and interpreted and construed in accordance with the laws of the State of New
York applicable to contracts formed and to be performed entirely within the State of New York, without regard to the conflicts of law provisions thereof to the extent such principles or rules would require or permit the application of the laws of
another jurisdiction. 
  
 No term or provision of this letter
agreement may be amended, changed, waived, altered or modified except by written instrument executed and delivered by the party against whom such amendment, change, waiver, alteration or modification is to be enforced. 
  
 [The Remainder of this Page is Intentionally Left Blank] 
  
 Lock-Up Agreement 
  

 2 

			
	Sincerely,
		
	By:	 	 
	 Name:
	 	 
	 Title:
	 	 

  

			
	Accepted and agreed:
	
	WEDBUSH MORGAN SECURITIES INC.
		
	By:	 	 
	 Name:
	 	 
	 Title:
	 	 

  
 Lock-Up Agreement

  

 3 

  
 Schedule 1 

 
 SUPPLEMENTAL COMMON DEFINITIONS 
  
 Unless the context shall otherwise require, the following terms shall
have the following respective meanings for all purposes, and the following definitions are equally applicable to both the singular and the plural forms and the feminine, masculine and neuter forms of the terms defined. 
  
 “Business Combination” shall mean the acquisition by the
Company, whether by merger, capital stock exchange, asset acquisition or other similar type of combination, of one or more operating businesses in the technology-related sector, having, collectively, a fair market value (as calculated in accordance
with the Company’s Amended and Restated Certificate of Incorporation) of at least 80% of the Company’s net assets at the time of such merger, capital stock exchange, asset acquisition or other similar type of combination. 
  
 “Business Combination Date” shall mean the date upon which a
Business Combination is consummated, as conclusively established by a majority of the Independent Directors of the Company immediately following a Business Combination. 
  
 “Effective Date” shall mean the date upon which the Registration Statement is declared effective under the
Securities Act of 1933, as amended, by the SEC. 
  
 “Immediate Family” shall mean, with respect to any person, such person’s spouse, lineal descendents, father, mother, brothers or sisters (including any such relatives by adoption or marriage). 
  
 “Independent Directors” shall mean the Company’s
directors that qualify as “independent” under NASD Rule 4200(a)(15), as amended. 
  
 “Insiders” shall mean all of the officers, directors and stockholders of the Company immediately prior to the Company’s IPO. 
  
 “Insider Shares” shall mean all shares of Common Stock of the Company owned by an Insider immediately prior
to the Company’s IPO. For the avoidance of doubt, Insider Shares shall not include any IPO Shares purchased by Insiders in connection with or subsequent to the Company’s IPO. 
  
 “IPO Shares” shall mean all shares of Common Stock issued by the Company in its IPO, regardless of whether
such shares were issued to an Insider or otherwise. 
  
 “Lock-Up Period” shall mean the period commencing on (inclusive of such date) the closing of the IPO and delivery of the IPO Shares in connection therewith and ending on the earlier of (i) the date that is six months
immediately following the Business Combination Date, or (ii) the Termination Date. 
  

 “Lock-Up Period Termination Date” shall mean the close of business on the last day of
the Lock-Up Period. 
  
 “Registration Statement”
shall mean the registration statement filed by the Company on Form S-1 (No. 333-123382) with the SEC on March 17, 2005, and any amendment or supplement thereto, in connection with the Company’s IPO. 
  
 “SEC” shall mean the United States Securities and Exchange
Commission. 
  
 “Termination Date” shall mean the
date that is sixty (60) calendar days immediately following the Transaction Failure Date (inclusive thereof). 
  
 “Transaction Failure” shall mean the earlier of (i) the failure to enter into a letter of intent, definitive agreement or agreement in
principle with respect to a Business Combination on any day during the twelve-month period immediately following the Effective Date, and (ii) the failure to consummate a Business Combination on any day during the eighteen-month period immediately
following the Effective Date. 
  
 “Transaction Failure
Date” shall mean the date upon which a Transaction Failure occurs, as conclusively established by a majority of the Independent Directors of the Company immediately following a Transaction Failure. 
  

  
 Exhibit A 

 
 LOCK-UP LEGENDS 
  
 THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER SAID ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH
REGISTRATION IS NOT REQUIRED. 
  
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE
SUBJECT TO AN AGREEMENT BY THE REGISTERED HOLDER HEREOF NOT TO SELL SUCH SHARES UNTIL THE EARLIER OF 6 MONTHS AFTER THE DATE OF A BUSINESS COMBINATION OR THE LIQUIDATION OF THE COMPANY, UNLESS AN OPINION OF COUNSEL IS PROVIDED SATISFACTORY TO THE
COMPANY THAT SUCH EARLIER SALE IS PERMISSIBLE UNDER THE AFOREMENTIONED AGREEMENT.

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