Document:

REGISTRATION
      RIGHTS AGREEMENT

     

    THIS
      REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is entered into as of
      the       
      day
      of                 ,
      2007,
      by and among: Industrial Services Acquisition Corp., a Delaware corporation
      (the
“Company”); and the undersigned parties listed under Investors on the signature
      page hereto (each, an “Investor” and collectively, the
“Investors”).

     

    WHEREAS,
      the Investors currently hold all of the issued and outstanding securities of
      the
      Company;

     

    WHEREAS,
      the Investors and the Company desire to enter into this Agreement to provide
      the
      Investors with certain rights relating to the registration of shares of Common
      Stock held by them;

     

    NOW,
      THEREFORE, in consideration of the mutual covenants and agreements set forth
      herein, and for other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, the parties hereto agree as
      follows:

     

    1.  DEFINITIONS.
      The
      following capitalized terms used herein have the following
      meanings:

    

    “Agreement”
means
      this Agreement, as amended, restated, supplemented, or otherwise modified from
      time to time.

     

    “Commission”
means
      the Securities and Exchange Commission, or any other federal agency then
      administering the Securities Act or the Exchange Act.

     

    “Common
      Stock”
means
      the common stock, par value $0.0001 per share, of the Company.

     

    “Company”
is
      defined in the preamble to this Agreement.

     

    “Demand
      Registration”
is
      defined in Section 2.1.1.

     

    “Demanding
      Holder”
is
      defined in Section 2.1.1.

     

    “Exchange
      Act”
means
      the Securities Exchange Act of 1934, as amended, and the rules and regulations
      of the Commission promulgated thereunder, all as the same shall be in effect
      at
      the time.

     

    “Form
      S-3”
is
      defined in Section 2.3.

     

    “Indemnified
      Party”
is
      defined in Section 4.3.

     

    “Indemnifying
      Party”
is
      defined in Section 4.3.

     

    “Investor”
is
      defined in the preamble to this Agreement.

     

    “Investor
      Indemnified Party”
is
      defined in Section 4.1.

     

    “Maximum
      Number of Shares”
is
      defined in Section 2.1.4.

     

    “Notices”
is
      defined in Section 6.3.

     

    “Piggy-Back
      Registration”
is
      defined in Section 2.2.1.

    

    “Purchase
      Option”
means
      the option to purchase 200,000 units (each consisting of one share of common
      stock and one warrant) issued to Maxim Group LLC or its designees in connection
      with the Company’s initial public offering.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    “Register,”
      “registered”
and
      “registration”
mean
      a
      registration effected by preparing and filing a registration statement or
      similar document in compliance with the requirements of the Securities Act,
      and
      the applicable rules and regulations promulgated thereunder, and such
      registration statement becoming effective.

     

    “Registrable
      Securities”
mean
      all of the shares of Common Stock owned or held by Investors. Registrable
      Securities include any warrants, shares of capital stock or other securities
      of
      the Company issued as a dividend or other distribution with respect to or in
      exchange for or in replacement of such shares of Common Stock. As to any
      particular Registrable Securities, such securities shall cease to be Registrable
      Securities when: (a) a Registration Statement with respect to the sale of such
      securities shall have become effective under the Securities Act and such
      securities shall have been sold, transferred, disposed of or exchanged in
      accordance with such Registration Statement; (b) such securities shall have
      been
      otherwise transferred pursuant to Rule 144 of the Securities Act (or any similar
      provisions thereunder, but not Rule 144A), new certificates for them not bearing
      a legend restricting further transfer shall have been delivered by the Company
      and subsequent public distribution of them shall not require registration under
      the Securities Act; (c) such securities shall have ceased to be outstanding,
      or
      (d) the Securities and Exchange Commission makes a definitive determination
      to
      the Company that the Registrable Securities are salable under Rule
      144(k).

     

    “Registration
      Statement”
means
      a
      registration statement filed by the Company with the Commission in compliance
      with the Securities Act and the rules and regulations promulgated thereunder
      for
      a public offering and sale of Common Stock (other than a registration statement
      on Form S-4 or Form S-8, or their successors, or any registration statement
      covering only securities proposed to be issued in exchange for securities or
      assets of another entity).

     

    “Release
      Date”
means
      the date on which shares of Common Stock are disbursed from escrow pursuant
      to
      Section 3 of that certain Stock Escrow Agreement dated as of __________, 2007
      by
      and among the parties hereto and Continental Stock Transfer & Trust
      Company.

     

    “Securities
      Act”
means
      the Securities Act of 1933, as amended, and the rules and regulations of the
      Commission promulgated thereunder, all as the same shall be in effect at the
      time.

     

    “Underwriter”
means
      a
      securities dealer who purchases any Registrable Securities as principal in
      an
      underwritten offering and not as part of such dealer’s market-making
      activities.

     

    2. 
      REGISTRATION RIGHTS.

    

    2.1  Demand
      Registration.

    

     2.1.1.  Request
      for Registration.
      At any
      time and from time to time on or after the Release Date, the holders of a
      majority-in-interest of the Registrable Securities held by the Investors or
      the
      transferees of the Investors, may make a written demand for registration under
      the Securities Act of all or part of their Registrable Securities (a
“Demand
      Registration”).
Any
      demand for a Demand Registration shall specify the number of shares of
      Registrable Securities proposed to be sold and the intended method(s) of
      distribution thereof. The Company will notify all holders of Registrable
      Securities of the demand, and each holder of Registrable Securities who wishes
      to include all or a portion of such holder’s Registrable Securities in the
      Demand Registration (each such holder including shares of Registrable Securities
      in such Demand Registration, a “Demanding
      Holder”)
      shall
      so notify the Company within fifteen (15) days after the receipt by the holder
      of the notice from the Company. Upon any such request, the Demanding Holders
      shall be entitled to have their Registrable Securities included in the Demand
      Registration, subject to Section 2.1.4 and the provisos set forth in Section
      3.1.1. The Company shall not be obligated to effect more than an aggregate
      of
      two (2) Demand Registrations under this Section 2.1.1 in respect of Registrable
      Securities.

    

    2.1.2.  Effective
      Registration.
      A
      registration will not count as a Demand Registration until the Registration
      Statement filed with the Commission with respect to such Demand Registration
      has
      been declared effective and the Company has complied with all of its obligations
      under this Agreement with respect thereto;
      provided,
      however,
      that
      if, after such Registration Statement has been declared effective, the offering
      of Registrable Securities pursuant to a Demand Registration is interfered with
      by any stop order or injunction of the Commission or any other governmental
      agency or court, the Registration Statement with respect to such Demand
      Registration will be deemed not to have been declared effective, unless and
      until, (i) such stop order or injunction is removed, rescinded or otherwise
      terminated, and (ii) a majority-in-interest of the Demanding Holders thereafter
      elect to continue the offering; provided,
      further,
      that
      the Company shall not be obligated to file a second Registration Statement
      until
      a Registration Statement that has been filed is counted as a Demand Registration
      or is terminated.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2.1.3.  Underwritten
      Offering.
      If a
      majority-in-interest of the Demanding Holders so elect and such holders so
      advise the Company as part of their written demand for a Demand Registration,
      the offering of such Registrable Securities pursuant to such Demand Registration
      shall be in the form of an underwritten offering. In such event, the right
      of
      any holder to include its Registrable Securities in such registration shall
      be
      conditioned upon such holder’s participation in such underwriting and the
      inclusion of such holder’s Registrable Securities in the underwriting to the
      extent provided herein. All Demanding Holders proposing to distribute their
      securities through such underwriting shall enter into an underwriting agreement
      in customary form with the Underwriter or Underwriters selected for such
      underwriting by a majority-in-interest of the holders initiating the Demand
      Registration.

    

    2.1.4.  Reduction
      of Offering.
      If the
      managing Underwriter or Underwriters for a Demand Registration that is to be
      an
      underwritten offering advises the Company and the Demanding Holders in writing
      that the dollar amount or number of shares of Registrable Securities which
      the
      Demanding Holders desire to sell, taken together with all other shares of Common
      Stock or other securities which the Company desires to sell and the shares
      of
      Common Stock, if any, as to which registration has been requested pursuant
      to
      written contractual piggy-back registration rights held by other shareholders
      of
      the Company who desire to sell, exceeds the maximum dollar amount or maximum
      number of shares that can be sold in such offering without adversely affecting
      the proposed offering price, the timing, the distribution method, or the
      probability of success of such offering (such maximum dollar amount or maximum
      number of shares, as applicable, the “Maximum
      Number of Shares”),
      then
      the Company shall include in such registration: (i) first, the Registrable
      Securities as to which Demand Registration has been requested by the Demanding
      Holders (pro
      rata
      in
      accordance with the number of shares of Registrable Securities which such
      Demanding Holder has requested be included in such registration, regardless
      of
      the number of shares of Registrable Securities held by each Demanding Holder)
      that can be sold without exceeding the Maximum Number of Shares; (ii) second,
      to
      the extent that the Maximum Number of Shares has not been reached under the
      foregoing clause (i), the shares of Common Stock or other securities that the
      Company desires to sell that can be sold without exceeding the Maximum Number
      of
      Shares; (iii) third, to the extent that the Maximum Number of Shares has not
      been reached under the foregoing clauses (i) and (ii), the shares of Common
      Stock for the account of other persons that the Company is obligated to register
      pursuant to written contractual arrangements with such persons and that can
      be
      sold without exceeding the Maximum Number of Shares; and (v) fourth, to the
      extent that the Maximum Number of Shares have not been reached under the
      foregoing clauses (i), (ii), and (iii), the shares of Common Stock that other
      shareholders desire to sell that can be sold without exceeding the Maximum
      Number of Shares.

    

    2.1.5.  Withdrawal.
      If a
      majority-in-interest of the Demanding Holders disapprove of the terms of any
      underwriting or are not entitled to include all of their Registrable Securities
      in any offering, such majority-in-interest of the Demanding Holders may elect
      to
      withdraw from such offering by giving written notice to the Company and the
      Underwriter or Underwriters of their request to withdraw prior to the
      effectiveness of the Registration Statement filed with the Commission with
      respect to such Demand Registration. In such event, the Company need not seek
      effectiveness of such Registration Statement for the benefit of other Investors.
      If the majority-in-interest of the Demanding Holders withdraws from a proposed
      offering relating to a Demand Registration, then such registration shall not
      count as a Demand Registration provided for in Section 2.1.1.

    

    2.2  Piggy-Back
      Registration.

    

    2.2.1.  Piggy-Back
      Rights.
      If at
      any time on or after the Release Date the Company proposes to file a
      Registration Statement under the Securities Act with respect to an offering
      of
      equity securities, or securities or other obligations exercisable or
      exchangeable for, or convertible into, equity securities, by the Company for
      its
      own account or for shareholders of the Company for their accounts (or by the
      Company and by shareholders of the Company including, without limitation,
      pursuant to Section 2.1), other than a Registration Statement (i) filed in
      connection with any employee stock option or other benefit plan, (ii) for an
      exchange offer or offering of securities solely to the Company’s existing
      shareholders, (iii) for an offering of debt that is convertible into equity
      securities of the Company or (iv) for a dividend reinvestment plan, then the
      Company shall (x) give written notice of such proposed filing to the holders
      of
      Registrable Securities as soon as practicable but in no event less than ten
      (10)
      days before the anticipated filing date, which notice shall describe the amount
      and type of securities to be included in such offering, the intended method(s)
      of distribution, and the name of the proposed managing Underwriter or
      Underwriters, if any, of the offering, and (y) offer to the holders of
      Registrable Securities in such notice the opportunity to register the sale
      of
      such number of shares of Registrable Securities as such holders may request
      in
      writing within fifteen (15) days following receipt of such notice (a
“Piggy-Back
      Registration”).
      The
      Company shall cause such Registrable Securities to be included in such
      registration and shall use its best efforts to cause the managing Underwriter
      or
      Underwriters of a proposed underwritten offering to permit the Registrable
      Securities requested to be included in a Piggy-Back Registration to be included
      on the same terms and conditions as any similar securities of the Company and
      to
      permit the sale or other disposition of such Registrable Securities in
      accordance with the intended method(s) of distribution thereof. All holders
      of
      Registrable Securities proposing to distribute their securities through a
      Piggy-Back Registration that involves an Underwriter or Underwriters shall
      enter
      into an underwriting agreement in customary form with the Underwriter or
      Underwriters selected for such Piggy-Back Registration.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2.2.2.  Reduction
      of Offering.
      If the
      managing Underwriter or Underwriters for a Piggy-Back Registration that is
      to be
      an underwritten offering advises the Company and the holders of Registrable
      Securities in writing that the dollar amount or number of shares of Common
      Stock
      which the Company desires to sell, taken together with shares of Common Stock,
      if any, as to which registration has been demanded pursuant to written
      contractual arrangements with persons other than the holders of Registrable
      Securities hereunder, the Registrable Securities as to which registration has
      been requested under this Section 2.2, and the shares of Common Stock, if any,
      as to which registration has been requested pursuant to the written contractual
      piggy-back registration rights of other shareholders of the Company, exceeds
      the
      Maximum Number of Shares, then the Company shall include in any such
      registration:

    

        (i) 
      If the
      registration is undertaken for the Company’s account: (A) first, the shares of
      Common Stock or other securities that the Company desires to sell that can
      be
      sold without exceeding the Maximum Number of Shares; (B) second, to the extent
      that the Maximum Number of Shares has not been reached under the foregoing
      clause (A), the shares of Common Stock, if any, including the Registrable
      Securities, as to which registration has been requested pursuant to written
      contractual piggy-back registration rights of security holders (pro rata in
      accordance with the number of shares of Common Stock which each such person
      has
      actually requested to be included in such registration, regardless of the number
      of shares of Common Stock with respect to which such persons have the right
      to
      request such inclusion) that can be sold without exceeding the Maximum Number
      of
      Shares; and

    

    (ii) 
      If the
      registration is a “demand” registration undertaken at the demand of persons
      other than the holders of Registrable Securities pursuant to written contractual
      arrangements with such persons, (A) first, the shares of Common Stock for the
      account of the demanding persons that can be sold without exceeding the Maximum
      Number of Shares; (B) second, to the extent that the Maximum Number of Shares
      has not been reached under the foregoing clause (A), the shares of Common Stock
      or other securities that the Company desires to sell that can be sold without
      exceeding the Maximum Number of Shares; and (C) third, to the extent that the
      Maximum Number of Shares has not been reached under the foregoing clauses (A)
      and (B), the Registrable Securities as to which registration has been requested
      under this Section 2.2 (pro
      rata
      in
      accordance with the number of shares of Registrable Securities held by each
      such
      holder); and (D) fourth, to the extent that the Maximum Number of Shares has
      not
      been reached under the foregoing clauses (A), (B) and (C), the shares of Common
      Stock, if any, as to which registration has been requested pursuant to written
      contractual piggy-back
      registration rights which other shareholders desire to sell that can be sold
      without exceeding the Maximum Number of Shares.

    

    2.2.3.  Withdrawal.
      Any
      holder of Registrable Securities may elect to withdraw such holder’s request for
      inclusion of Registrable Securities in any Piggy-Back Registration by giving
      written notice to the Company of such request to withdraw prior to the
      effectiveness of the Registration Statement. The Company may also elect to
      withdraw a registration statement at any time prior to the effectiveness of
      the
      Registration Statement. Notwithstanding any such withdrawal, the Company shall
      pay all expenses incurred by the holders of Registrable Securities in connection
      with such Piggy-Back Registration as provided in Section 3.3.

    

    2.3  Registrations
      on Form S-3.
      The
      holders of Registrable Securities may at any time and from time to time after
      the Release Date, request in writing that the Company register the resale of
      any
      or all of such Registrable Securities on Form S-3 or any similar short-form
      registration which may be available at such time (“Form
      S-3”);
      provided,
      however,
      that
      the Company shall not be obligated to effect such request through an
      underwritten offering. Upon receipt of such written request, the Company will
      promptly give written notice of the proposed registration to all other holders
      of Registrable Securities, and, as soon as practicable thereafter, effect the
      registration of all or such portion of such holder’s or holders’ Registrable
      Securities as are specified in such request, together with all or such portion
      of the Registrable Securities of any other holder or holders joining in such
      request as are specified in a written request given within fifteen (15) days
      after receipt of such written notice from the Company; provided,
      however,
      that
      the Company shall not be obligated to effect any such registration pursuant
      to
      this Section 2.3: (i) if Form S-3 is not available for such offering; or (ii)
      if
      the holders of the Registrable Securities, together with the holders of any
      other securities of the Company entitled to inclusion in such registration,
      propose to sell Registrable Securities and such other securities (if any) at
      any
      aggregate price to the public of less than $500,000. Registrations effected
      pursuant to this Section 2.3 shall not be counted as Demand Registrations
      effected pursuant to Section 2.1.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    3. 
      REGISTRATION PROCEDURES.

    

    3.1  Filings;
      Information.
      Whenever the Company is required to effect the registration of any Registrable
      Securities pursuant to Section 2, the Company shall use its best efforts to
      effect the registration and sale of such Registrable Securities in accordance
      with the intended method(s) of distribution thereof as expeditiously as
      practicable, and in connection with any such request:

    

       3.1.1.  Filing
      Registration Statement.
      The
      Company shall, as expeditiously as possible and in any event within sixty (60)
      days after receipt of a request for a Demand Registration pursuant to Section
      2.1, prepare and file with the Commission a Registration Statement on any form
      for which the Company then qualifies or which counsel for the Company shall
      deem
      appropriate and which form shall be available for the sale of all Registrable
      Securities to be registered thereunder in accordance with the intended method(s)
      of distribution thereof, and shall use its best efforts to cause such
      Registration Statement to become and remain effective for the period required
      by
      Section 3.1.3; provided,
      however,
      that
      the Company shall have the right to defer any Demand Registration for up to
      thirty (30) days, and
      any
      Piggy-Back Registration for such period as may be applicable to deferment of
      any
      demand registration to which such Piggy-Back Registration relates, in each
      case
      if the Company shall furnish to the holders a certificate signed by the Chief
      Executive Officer of the Company stating that, in the good faith judgment of
      the
      Board of Directors of the Company, it would be materially detrimental to the
      Company and its shareholders for such Registration Statement to be effected
      at
      such time; provided further,
      however,
      that
      the Company shall not have the right to exercise the right set forth in the
      immediately preceding proviso more than once in any 365-day period in respect
      of
      a Demand Registration hereunder.

    

    3.1.2.  Copies.
      The
      Company shall, prior to filing a Registration Statement or prospectus, or any
      amendment or supplement thereto, furnish without charge to the holders of
      Registrable Securities included in such registration, and such holders’ legal
      counsel, copies of such Registration Statement as proposed to be filed, each
      amendment and supplement to such Registration Statement (in each case including
      all exhibits thereto and documents incorporated by reference therein), the
      prospectus included in such Registration Statement (including each preliminary
      prospectus), and such other documents as the holders of Registrable Securities
      included in such registration or legal counsel for any such holders may request
      in order to facilitate the disposition of the Registrable Securities owned
      by
      such holders.

    

       3.1.3.  Amendments
      and Supplements.
      The
      Company shall prepare and file with the Commission such amendments, including
      post-effective amendments, and supplements to such Registration Statement and
      the prospectus used in connection therewith as may be necessary to keep such
      Registration Statement effective and in compliance with the provisions of the
      Securities Act until all Registrable Securities and other securities covered
      by
      such Registration Statement have been disposed of in accordance with the
      intended method(s) of distribution set forth in such Registration Statement
      (which period shall not exceed the sum of one hundred eighty (180) days plus
      any
      period during which any such disposition is interfered with by any stop order
      or
      injunction of the Commission or any governmental agency or court) or such
      securities have been withdrawn.

    

    3.1.4.  Notification.
      After
      the filing of a Registration Statement, the Company shall promptly, and in
      no
      event more than two (2) business days after such filing, notify the holders
      of
      Registrable Securities included in such Registration Statement of such filing,
      and shall further notify such holders promptly and confirm such advice in
      writing in all events within two (2) business days of the occurrence of any
      of
      the following: (i) when such Registration Statement becomes effective; (ii)
      when
      any post-effective amendment to such Registration Statement becomes effective;
      (iii) the issuance or threatened issuance by the Commission of any stop order
      (and the Company shall take all actions required to prevent the entry of such
      stop order or to remove it if entered); and (iv) any request by the Commission
      for any amendment or supplement to such Registration Statement or any prospectus
      relating thereto or for additional information or of the occurrence of an event
      requiring the preparation of a supplement or amendment to such prospectus so
      that, as thereafter delivered to the purchasers of the securities covered by
      such Registration Statement, such prospectus will not contain an untrue
      statement of a material fact or omit to state any material fact required to
      be
      stated therein or necessary to make the statements therein not misleading,
      and
      promptly make available to the holders of Registrable Securities included in
      such Registration Statement any such supplement or amendment; except that before
      filing with the Commission a Registration Statement or
      prospectus or any amendment or supplement thereto, including documents
      incorporated by reference, the Company shall furnish to the holders of
      Registrable Securities included in such Registration Statement and to the legal
      counsel for any such holders, copies of all such documents proposed to be filed
      sufficiently in advance of filing to provide such holders and legal counsel
      with
      a reasonable opportunity to review such documents and comment thereon, and
      the
      Company shall not file any Registration Statement or prospectus or amendment
      or
      supplement thereto, including documents incorporated by reference, to which
      such
      holders or their legal counsel shall reasonably object.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    3.1.5.  State
      Securities Laws Compliance.
      The
      Company shall use its best efforts to (i) register or qualify the Registrable
      Securities covered by the Registration Statement under such securities or “blue
      sky” laws of such jurisdictions in the United States as the holders of
      Registrable Securities included in such Registration Statement (in light of
      their intended plan of distribution) may request and (ii) take such action
      necessary to cause such Registrable Securities covered by the Registration
      Statement to be registered with or approved by such other Governmental
      Authorities as may be necessary by virtue of the business and operations of
      the
      Company and do any and all other acts and things that may be necessary or
      advisable to enable the holders of Registrable Securities included in such
      Registration Statement to consummate the disposition of such Registrable
      Securities in such jurisdictions; provided,
      however,
      that
      the Company shall not be required to qualify generally to do business in any
      jurisdiction where it would not otherwise be required to qualify but for this
      paragraph (e) or subject itself to taxation in any such
      jurisdiction.

    

       3.1.6.  Agreements
      for Disposition.
      The
      Company shall enter into customary agreements (including, if applicable, an
      underwriting agreement in customary form) and take such other actions as are
      reasonably required in order to expedite or facilitate the disposition of such
      Registrable Securities. The representations, warranties and covenants of the
      Company in any underwriting agreement which are made to or for the benefit
      of
      any Underwriters, to the extent applicable, shall also be made to and for the
      benefit of the holders of Registrable Securities included in such registration
      statement. No holder of Registrable Securities included in such registration
      statement shall be required to make any representations or warranties in the
      underwriting agreement except, if applicable, with respect to such holder’s
      organization, good standing, authority, title to Registrable Securities, lack
      of
      conflict of such sale with such holder’s material agreements and organizational
      documents, and with respect to written information relating to such holder
      that
      such holder has furnished in writing expressly for inclusion in such
      Registration Statement. Holders of Registrable Securities shall agree to such
      covenants and indemnification and contribution obligations for selling
      stockholders as are customarily contained in agreements of that type. Further,
      such holders shall cooperate fully in the preparation of the registration
      statement and other documents relating to any offering in which they include
      securities pursuant to Section 2 hereof. Each holder shall also furnish to
      the
      Company such information regarding itself, the Registrable Securities held
      by
      such holder and the intended method of disposition of such securities as shall
      be reasonably required to effect the registration of the Registrable
      Securities.

    

       3.1.7.  Cooperation.
      The
      principal executive officer of the Company, the principal financial officer
      of
      the Company, the principal accounting officer of the Company and all other
      officers and members of the management of the Company shall cooperate fully
      in
      any offering of Registrable Securities hereunder, which cooperation shall
      include, without limitation, the preparation of the Registration Statement
      with
      respect to such offering and all other offering materials and related documents,
      and participation in meetings with Underwriters, attorneys, accountants and
      potential investors.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    3.1.8.  Records.
      The
      Company shall make available for inspection by the holders of Registrable
      Securities included in such Registration Statement, any Underwriter
      participating in any disposition pursuant to such registration statement and
      any
      attorney, accountant or other professional retained by any holder of Registrable
      Securities included in such Registration Statement or any Underwriter, all
      financial and other records, pertinent corporate documents and properties of
      the
      Company, as shall be necessary to enable them to exercise their due diligence
      responsibility, and cause the Company’s officers, directors and employees to
      supply all information reasonably requested by any of them in connection with
      such Registration Statement.

    

       3.1.9.  Opinions
      and Comfort Letters.
      The
      Company shall furnish to each holder of Registrable Securities included in
      any
      Registration Statement a signed counterpart, addressed to such holder, of (i)
      any opinion of counsel to the Company delivered to any Underwriter and (ii)
      any
      comfort letter from the Company’s independent public accountants delivered to
      any Underwriter. In the event no legal opinion is delivered to any Underwriter,
      the Company shall furnish to each holder of Registrable Securities included
      in
      such Registration Statement, at any time that such holder elects to use a
      prospectus, an opinion of counsel to the Company to the effect that the
      Registration Statement containing such prospectus has been declared effective
      and that no stop order is in effect.

    

       3.1.10.  Earnings
      Statement.
      The
      Company shall comply with all applicable rules and regulations of the Commission
      and the Securities Act, and make available to its shareholders, as soon as
      practicable, an earnings statement covering a period of twelve (12) months,
      beginning within three (3) months after the effective date of the registration
      statement, which earnings statement shall satisfy the provisions of Section
      11(a) of the Securities Act and Rule 158 thereunder.

    

       3.1.11.  Listing.
      The
      Company shall use its best efforts to cause all Registrable Securities included
      in any registration to be listed on such exchanges or otherwise designated
      for
      trading in the same manner as similar securities issued by the Company are
      then
      listed or designated or, if no such similar securities are then listed or
      designated, in a manner satisfactory to the holders of a majority of the
      Registrable Securities included in such registration.

    

    3.2  Obligation
      to Suspend Distribution.
      Upon
      receipt of any notice from the Company of the happening of any event of the
      kind
      described in Section 3.1.4(iv), or, in the case of a resale registration on
      Form
      S-3 pursuant to Section 2.3 hereof, upon any suspension by the Company, pursuant
      to a written insider trading compliance program adopted by the Company’s Board
      of Directors, of the ability of all “insiders” covered by such program to
      transact in the Company’s securities because of the existence of material
      non-public information, each holder of Registrable Securities included in any
      registration shall immediately discontinue disposition of such Registrable
      Securities pursuant to the Registration Statement covering such Registrable
      Securities until such holder receives the supplemented or amended prospectus
      contemplated by Section 3.1.4(iv) or the restriction on the ability of
“insiders” to transact in the Company’s securities is removed, as applicable,
      and, if so directed by the Company, each such holder will deliver to the Company
      all copies, other than permanent file copies then in such holder’s possession,
      of the most recent prospectus covering such Registrable Securities at the time
      of receipt of such notice.

    

    3.3  Registration
      Expenses.
      The
      Company shall bear all costs and expenses incurred in connection with any Demand
      Registration pursuant to Section 2.1, any Piggy-Back Registration pursuant
      to
      Section 2.2, and any registration on Form S-3 effected pursuant to Section
      2.3,
      and all expenses incurred in performing or complying with its other obligations
      under this Agreement, whether or not the Registration Statement becomes
      effective, including, without limitation: (i) all registration and filing fees;
      (ii) fees and expenses of compliance with securities or “blue sky” laws
      (including fees and disbursements of counsel in connection with blue sky
      qualifications of the Registrable Securities); (iii) printing expenses; (iv)
      the
      Company’s internal expenses (including, without limitation, all salaries and
      expenses of its officers and employees); (v) the fees and expenses incurred
      in
      connection with the listing of the Registrable Securities as required by Section
      3.1.11; (vi) National Association of Securities Dealers, Inc. fees; (vii) fees
      and disbursements of counsel for the Company and fees and expenses for
      independent certified public accountants retained by the Company (including
      the
      expenses or costs associated with the delivery of any opinions or comfort
      letters requested pursuant to Section 3.1.9); (viii) the fees and expenses
      of
      any special experts retained by the Company in connection with such registration
      and (ix) the fees and expenses of one legal counsel selected by the holders
      of a
      majority-in-interest of the Registrable Securities included in such
      registration. The Company shall have no obligation to pay any underwriting
      discounts or selling commissions attributable to the Registrable Securities
      being sold by the holders thereof, which underwriting discounts or selling
      commissions shall be borne solely by such holders. Additionally, in an
      underwritten offering, all selling shareholders and the Company shall bear
      the
      expenses of the underwriter pro rata in proportion to the respective amount
      of
      shares each is selling in such offering.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    3.4  Information.
      The
      holders of Registrable Securities shall provide such information as may
      reasonably be requested by the Company, or the managing Underwriter, if any,
      in
      connection with the preparation of any Registration Statement, including
      amendments and supplements thereto, in order to effect the registration of
      any
      Registrable Securities under the Securities Act pursuant to Section 2 and in
      connection with the Company’s obligation to comply with federal and applicable
      state securities laws.

    

    3.5 Holder
      Obligations.
      No
      holder of Registrable Securities may participate in any underwritten offering
      pursuant to this Section 3 unless such holder (i) agrees to sell only such
      holder’s Registrable Securities on the basis reasonably provided in any
      underwriting agreement, and (ii) completes, executes and delivers any and all
      questionnaires, powers of attorney, custody agreements, indemnities,
      underwriting agreements and other documents reasonably required by or under
      the
      terms of any underwriting agreement or as reasonably requested by the
      Company.

    

      4. 
      INDEMNIFICATION AND CONTRIBUTION.

    

    4.1  Indemnification
      by the Company.
      The
      Company agrees to indemnify and hold harmless each Investor and each other
      holder of Registrable Securities, and each of their respective officers,
      employees, affiliates, directors, partners, members, attorneys and agents,
      and
      each person, if any, who controls an Investor and each other holder of
      Registrable Securities (within the meaning of Section 15 of the Securities
      Act
      or Section 20 of the Exchange Act) (each, an “Investor
      Indemnified Party”),
      from
      and against any expenses, losses, judgments, claims, damages or liabilities,
      whether joint or several, arising out of or based upon any untrue statement
      (or
      allegedly untrue statement) of a material fact contained in any Registration
      Statement under which the sale of such Registrable Securities was registered
      under the Securities Act, any preliminary prospectus, final prospectus or
      summary prospectus contained in the Registration Statement, or any amendment
      or
      supplement to such Registration Statement, or arising out of or based upon
      any
      omission (or alleged omission) to state a material fact required to be stated
      therein or necessary to make the statements therein not misleading, or any
      violation by the Company of the Securities Act or any rule or regulation
      promulgated thereunder
      applicable to the Company and relating to action or inaction required of the
      Company in connection with any such registration; and the Company shall promptly
      reimburse the Investor Indemnified Party for any legal and any other expenses
      reasonably incurred by such Investor Indemnified Party in connection with
      investigating and defending any such expense, loss, judgment, claim, damage,
      liability or action; provided,
      however,
      that
      (a) the Company will not be liable in any such case to the extent that any
      such
      expense, loss, claim, damage or liability arises out of or is based upon any
      untrue statement or allegedly untrue statement or omission or alleged omission
      made in such Registration Statement, preliminary prospectus, final prospectus,
      or summary prospectus, or any such amendment or supplement, in reliance upon
      and
      in conformity with information furnished to the Company, in writing, by such
      selling holder expressly for use therein; and (b) the foregoing indemnity shall
      not inure to the benefit of any holder (or benefit of any person controlling
      such holder) from whom the person asserting such expense, loss, claim, damage
      or
      liability purchased the Registrable Securities, if a copy of the Prospectus
      (as
      then amended or supplemented if the Company shall have furnished any amendments
      or supplements thereto) was not sent or given by or on behalf of such holder
      to
      such person, if required by law so to have been delivered at or prior to the
      written confirmation of the sale of the Registrable Securities to such person,
      and if the Prospectus (as so amended or supplemented) would have cured the
      defect giving rise to such expense, loss, claim, damage or liability, unless
      such failure is the result of noncompliance by the Company with Section 3.1.3
      hereof. The Company also shall indemnify any Underwriter of the Registrable
      Securities, their officers, employees, affiliates, directors, partners, members,
      attorneys and agents and each person who controls such Underwriter on
      substantially the same basis as that of the indemnification provided above
      in
      this Section 4.1.

    

    4.2  Indemnification
      by Holders of Registrable Securities.
      Each
      selling holder of Registrable Securities will, in the event that any
      registration is being effected under the Securities Act pursuant to this
      Agreement of any Registrable Securities held by such selling holder, indemnify
      and hold harmless the Company, each of its directors and officers and each
      underwriter (if any), and each other person, if any, who controls such selling
      holder or such underwriter within the meaning of Section 15 of the Securities
      Act or Section 20 of the Exchange Act, against any losses, claims, judgments,
      damages or liabilities, whether joint or several, insofar as such losses,
      claims, judgments, damages or liabilities (or actions in respect thereof) arise
      out of or are based upon any untrue statement or allegedly untrue statement
      of a
      material fact contained in any Registration Statement under which the sale
      of
      such Registrable Securities was registered under the Securities Act, any
      preliminary prospectus, final prospectus or summary prospectus contained in
      the
      Registration Statement, or any amendment or supplement to the Registration
      Statement, or arise out of or are based upon any omission or the alleged
      omission to state a material fact required to be stated therein or necessary
      to
      make the statement therein not misleading, if the statement or omission was
      made
      in reliance upon and in conformity with information furnished in writing to
      the
      Company by such selling holder expressly for use therein, and shall reimburse
      the Company, its directors and officers, and each such controlling person for
      any legal or other expenses reasonably incurred by any of them in connection
      with investigation or defending any such loss, claim, damage, liability or
      action. Each selling holder’s indemnification obligations hereunder shall be
      several and not joint and shall be limited to the amount of any net proceeds
      actually received by such selling holder in connection with the sale of the
      Registrable Securities by such selling holder pursuant to the Registration
      Statement containing such untrue statement or allegedly untrue
      statement.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    4.3  Conduct
      of Indemnification Proceedings.
      Promptly after receipt by any person of any notice of any loss, claim, damage
      or
      liability or any action in respect of which indemnity may be sought pursuant
      to
      Section 4.1 or 4.2, such person (the “Indemnified
      Party”)
      shall,
      if a claim in respect thereof is to be made against any other person for
      indemnification hereunder, promptly notify such other person (the “Indemnifying
      Party”)
      in
      writing of the loss, claim, judgment, damage, liability or action; provided,
      however,
      that
      the failure by the Indemnified Party to notify the Indemnifying Party shall
      not
      relieve the Indemnifying Party from any liability which the Indemnifying Party
      may have to such Indemnified Party hereunder, except and solely to the extent
      the Indemnifying Party is actually materially prejudiced by such failure. If
      the
      Indemnified Party is seeking indemnification with respect to any claim or action
      brought against the
      Indemnified Party, then the Indemnifying Party shall be entitled to participate
      in such claim or action, and, to the extent that it elects, jointly with all
      other Indemnifying Parties, to assume control of the defense thereof with
      counsel satisfactory to the Indemnified Party. After notice from the
      Indemnifying Party to the Indemnified Party of its election to assume control
      of
      the defense of such claim or action, the Indemnifying Party shall not be liable
      to the Indemnified Party for any legal or other expenses subsequently incurred
      by the Indemnified Party in connection with the defense thereof other than
      reasonable costs of investigation; provided,
      however,
      that in
      any action in which both the Indemnified Party and the Indemnifying Party are
      named as defendants, the Indemnified Party shall have the right to employ
      separate counsel (but no more than one such separate counsel) to represent
      the
      Indemnified Party and its controlling persons who may be subject to liability
      arising out of any claim in respect of which indemnity may be sought by the
      Indemnified Party against the Indemnifying Party, with the fees and expenses
      of
      such counsel to be paid by such Indemnifying Party if, based upon the written
      opinion of counsel of such Indemnified Party, representation of both parties
      by
      the same counsel would be inappropriate due to actual or potential differing
      interests between them. No Indemnifying Party shall, without the prior written
      consent of the Indemnified Party, consent to entry of judgment or effect any
      settlement of any claim or pending or threatened proceeding in respect of which
      the Indemnified Party is or could have been a party and indemnity could have
      been sought hereunder by such Indemnified Party, unless such judgment or
      settlement includes an unconditional release of such Indemnified Party from
      all
      liability arising out of such claim or proceeding.

    

    4.4  Contribution.

    

    4.4.1. 
      If the
      indemnification provided for in the foregoing Sections 4.1, 4.2 and 4.3 is
      unavailable to any Indemnified Party in respect of any loss, claim, damage,
      liability or action referred to herein, then each such Indemnifying Party,
      in
      lieu of indemnifying such Indemnified Party, shall contribute to the amount
      paid
      or payable by such Indemnified Party as a result of such loss, claim, damage,
      liability or action in such proportion as is appropriate to reflect the relative
      benefits received by the Indemnified Parties and the Indemnifying Parties from
      the offering, if, however, the allocation provided by the immediately preceding
      sentence is not permitted by applicable law or if the Indemnified Party failed
      to give the notice required under Section 4.3 above, then each Indemnifying
      Party shall contribute to such amount paid or payable by such Indemnified Party
      in such proportion as is appropriate to reflect not only such relative benefits
      but also the relative fault of the Indemnified Parties and the Indemnifying
      Parties in connection with the actions or omissions which resulted in such
      loss,
      claim, damage, liability or action, as well as any other relevant equitable
      considerations. The relative fault of any Indemnified Party and any Indemnifying
      Party shall be determined by reference to, among other things, whether the
      untrue or alleged untrue statement of a material fact or the omission or alleged
      omission to state a material fact relates to information supplied by such
      Indemnified Party or such Indemnifying Party and the parties’ relative intent,
      knowledge, access to information and opportunity to correct or prevent such
      statement or omission.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    4.4.2. 
      The
      parties hereto agree that it would not be just and equitable if contribution
      pursuant to this Section 4.4 were determined by pro
      rata
      allocation or by any other method of allocation which does not take account
      of
      the equitable considerations referred to in the immediately preceding Section
      4.4.1. The amount paid or payable by an Indemnified Party as a result of any
      loss, claim, damage, liability or action referred to in the immediately
      preceding paragraph shall be deemed to include, subject to the limitations
      set
      forth above, any legal or other expenses incurred by such Indemnified Party
      in
      connection with investigating or defending any such action or claim.
      Notwithstanding the provisions of this Section 4.4, no holder of Registrable
      Securities shall be required to contribute any amount in excess of the dollar
      amount
      of the
      net proceeds (after payment of any underwriting fees, discounts, commissions
      or
      taxes) actually received by such holder from the sale of Registrable Securities
      which gave rise to such contribution obligation. No person guilty of fraudulent
      misrepresentation (within the meaning of Section 11(f) of the Securities Act)
      shall be entitled to contribution from any person who was not guilty of such
      fraudulent misrepresentation.

     

    5. 
      UNDERWRITING AND DISTRIBUTION.

    

      5.1  Rule
      144.
      The
      Company covenants that it shall file any reports required to be filed by it
      under the Securities Act and the Exchange Act and shall take such further action
      as the holders of Registrable Securities may reasonably request, all to the
      extent required from time to time to enable such holders to sell Registrable
      Securities without registration under the Securities Act within the limitation
      of the exemptions provided by Rule 144 under the Securities Act, as such Rules
      may be amended from time to time, or any similar Rule or regulation (but not
      Rule 144A) hereafter adopted by the Commission.

    

    6. 
      MISCELLANEOUS.

    

    6.1  Other
      Registration Rights.
      The
      Company represents and warrants that, with the exception of shares issuable
      pursuant to the Purchase Option, no person, other than a holder of the
      Registrable Securities, has any right to require the Company to register any
      shares of the Company’s capital stock for sale or to include shares of the
      Company’s capital stock in any registration filed by the Company for the sale of
      shares of capital stock for its own account or for the account of any other
      person.

    

    6.2  Assignment;
      No Third Party Beneficiaries.
      This
      Agreement and the rights, duties and obligations of the Company hereunder may
      not be assigned or delegated by the Company in whole or in part. This Agreement
      and the rights, duties and obligations of the holders of Registrable Securities
      hereunder may be freely assigned or delegated by such holder of Registrable
      Securities in conjunction with and to the extent of any transfer of Registrable
      Securities by any such holder in accordance with applicable law. This Agreement
      and the provisions hereof shall be binding upon and shall inure to the benefit
      of each of the parties and their respective successors and the permitted assigns
      of the Investor or holder of Registrable Securities or of any assignee of the
      Investor or holder of Registrable Securities. This Agreement is not intended
      to
      confer any rights or benefits on any persons that are not party hereto other
      than as expressly set forth in Article 4 and this Section 6.2.

    

    6.3  Notices.
      All
      notices, demands, requests, consents, approvals or other communications
      (collectively, “Notices”)
      required or permitted to be given hereunder or which are given with respect
      to
      this Agreement shall be in writing and shall be personally served, delivered
      by
      reputable air courier service with charges prepaid, or transmitted by hand
      delivery, telegram, telex or facsimile, addressed as set forth below, or to
      such
      other address as such party shall have specified most recently by written notice
      provided in accordance with this Section 6.3. Notice shall be deemed given
      on
      the date of service or transmission if personally served or transmitted by
      telegram, telex or facsimile; provided,
      that if
      such service or transmission is not on a business day or is after normal
      business hours, then such notice shall be deemed given on the next business
      day.
      Notice otherwise sent as provided herein shall be deemed given on the next
      business day following timely delivery of such notice to a reputable air courier
      service with an order for next-day delivery.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
               To
                the Company:

            
	
               

            
	
              Industrial
                Services Acquisition Corp.

            
	
              2807
                El Presidio St.

            
	
              Carson,
                CA 90810

            
	
              Attention:
                Chief Executive Officer

            
	
               

            
	
              with
                a copy to:

            
	
               

            
	
              Mintz,
                Levin, Cohn, Ferris, Glovsky & Popeo P.C.

            
	
              666
                Third Avenue, 25th
                Floor

            
	
              New
                York, NY 10017

            
	
              Attn:
                Kenneth Koch, Esq.; and

            
	
               

            
	
              Lowenstein
                Sandler PC

              65
                Livingston Avenue

              Roseland,
                New Jersey 07068

            
	
              Attention:
                Steven Skolnick, Esq.

            
	
               

            
	
              To
                an Investor, to:

            
	
               

            
	
              Ross
                Berner

              c/o
                Industrial Services Acquisition Corp.

              2807
                El Presidio St.

              Carson,
                CA 90810

            	
              ;
                or

            
	
               

            
	
              Mark
                McKinney

              c/o
                Industrial Services Acquisition Corp.

              2807
                El Presidio St.

              Carson,
                CA 90810

            	
              ;
                or

            
	
               

            
	
              Burke
                Smith

              c/o
                Industrial Services Acquisition Corp.

              2807
                El Presidio St.

              Carson,
                CA 90810

            	
              ;
                or

            
	
               

            
	
              Ronald
                C. Kesselman

              c/o
                Industrial Services Acquisition Corp.

              2807
                El Presidio St.

              Carson,
                CA 90810

            	
              ;
                or

            

    

    

    
      	
              Michael
                Magerman

              c/o
                Industrial Services Acquisition Corp.

              2807
                El Presidio St.

              Carson,
                CA 90810

            	
              ;
                or

            
	 	 
	
              Jerry
                Weintraub

              c/o
                Industrial Services Acquisition Corp.

              2807
                El Presidio St.

              Carson,
                CA 90810

            	
              ;
                or

            
	 	 
	
              J. Eric
                Lastition 

              c/o
                Industrial Services Acquisition Corp.

              2807
                El Presidio St.

              Carson,
                CA 90810

            	 
	 	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    6.4
      Severability.
      This
      Agreement shall be deemed severable, and the invalidity or unenforceability
      of
      any term or provision hereof shall not affect the validity or enforceability
      of
      this Agreement or of any other term or provision hereof. Furthermore, in lieu
      of
      any such invalid or unenforceable term or provision, the parties hereto intend
      that there shall be added as a part of this Agreement a provision as similar
      in
      terms to such invalid or unenforceable provision as may be possible and be
      valid
      and enforceable.

     

    6.5
      Counterparts.
      This
      Agreement may be executed in multiple counterparts, each of which shall be
      deemed an original, and all of which taken together shall constitute one and
      the
      same instrument.

     

    6.6
      Entire
      Agreement.
      This
      Agreement (including all agreements entered into pursuant hereto and all
      certificates and instruments delivered pursuant hereto and thereto) constitute
      the entire agreement of the parties with respect to the subject matter hereof
      and supersede all prior and contemporaneous agreements, representations,
      understandings, negotiations and discussions between the parties, whether oral
      or written.

     

    6.7
      Modifications
      and Amendments.
      No
      amendment, modification or termination of this Agreement shall be binding upon
      any party unless executed in writing by such party.

     

    6.8
      Titles
      and Headings.
      Titles
      and headings of sections of this Agreement are for convenience only and shall
      not affect the construction of any provision of this Agreement.

     

    6.9
      Waivers
      and Extensions.
      Any
      party to this Agreement may waive any right, breach or default which such party
      has the right to waive, provided
      that
      such waiver will not be effective against the waiving party unless it is in
      writing, is signed by such party, and specifically refers to this Agreement.
      Waivers may be made in advance or after the right waived has arisen or the
      breach or default waived has occurred. Any waiver may be conditional. No waiver
      of any breach of any agreement or provision herein contained shall be deemed
      a
      waiver of any preceding or succeeding breach thereof nor of any other agreement
      or provision herein contained. No waiver or extension of time for performance
      of
      any obligations or acts shall be deemed a waiver or extension of the time for
      performance of any other obligations or acts.

     

    6.10
      Remedies
      Cumulative.
      In the
      event that the Company fails to observe or perform any covenant or agreement
      to
      be observed or performed under this Agreement, the Investor or any other holder
      of Registrable Securities may proceed to protect and enforce its rights by
      suit
      in equity or action at law, whether for specific performance of any term
      contained in this Agreement or for an injunction against the breach of any
      such
      term or in aid of the exercise of any power granted in this Agreement or to
      enforce any other legal or equitable right, or to take any one or more of such
      actions, without being required to post a bond. None of the rights, powers
      or
      remedies conferred under this Agreement shall be mutually exclusive, and each
      such right, power or remedy shall be cumulative and in addition to any other
      right, power or remedy, whether conferred by this Agreement or now or hereafter
      available at law, in equity, by statute or otherwise.

     

    6.11
      Governing
      Law.
      This
      Agreement shall be governed by, interpreted under, and construed in accordance
      with the internal laws of the State of New York applicable to agreements made
      and to be performed within the State of New York, without giving effect to
      any
      choice-of-law provisions thereof that would compel the application of the
      substantive laws of any other jurisdiction. 

     

    6.12
      Waiver
      of Trial by Jury.
      Each
      party 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
      Agreement, the transactions contemplated hereby, or the actions of the Investor
      in the negotiation, administration, performance or enforcement
      hereof.

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    IN
      WITNESS WHEREOF, the parties have caused this Registration Rights Agreement
      to
      be executed and delivered by their duly authorized representatives as of the
      date first written above.

     

     

    
      	 	 	 
	 	 	
              INDUSTRIAL
                SERVICES ACQUISITION CORP.

              
                a
                  Delaware corporation

              

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              

              Mark
                McKinney, Chief Executive Officer

            
	 	 

    

     

    
      
        	 	 	
                INVESTORS:

              
	 	       
                 	 
	 	
                

                
                  Ross
                    Berner

                

              
	 	 

      

      
        
          
            	 	 	 
	 	       
                     	 
	 	
                    

                    
                      Mark
                        McKinney

                    

                  
	 	 

          

          
            
              
                	 	 	 
	 	       
                         	 
	 	
                        

                        
                          Burke
                            Smith

                        

                      
	 	 

              

              
                
                  
                    	 	 	 
	 	       
                             	 
	 	
                            

                            
                              Ronald
                                C. Kesselman

                            

                          
	 	 

                  

                  
                    
                      
                        	 	 	 
	 	       
                                 	 
	 	
                                

                                
                                  Michael
                                    Magerman

                                

                              
	 	 

                      

                      
                        
                          
                            	 	 	 
	 	       
                                     	 
	 	
                                    
Jerald
                                    M. Weintraub
	 	 

                          

                          
                            
                              
                                	 	 	 
	 	       
                                         	 
	 	
                                        

                                        
                                          J. Eric
                                            LastitionPLACEMENT UNIT
      AGREEMENT

    

    PLACEMENT UNIT
      AGREEMENT (this
      “Agreement”) made
      as
      of this ___ day of _____________, 2007 by and among Industrial Services
      Acquisition Corp., a Delaware corporation (the “Company”), Maxim Group LLC
      (“Maxim”) and the undersigned (the “Purchasers”).

    

    WHEREAS,
      the Company has filed with the Securities and Exchange Commission (“SEC”) a
      registration statement on Form S-1, as amended (File No. 333-127753) (the
“Registration Statement”), in connection with the Company's initial public
      offering (the “IPO”) of up to 4,000,000 units (including up to 600,000 units
      issuable upon exercise of an overallotment purchase option granted to Maxim
      by
      the Company), each unit (“Unit”) consisting of (i) one share of the Company's
      common stock, $.0001 par value (the “Common Stock”), and (ii) one warrant (each
      such warrant a “Warrant”), each Warrant to purchase one share of Common Stock;
      and

    

    WHEREAS,
      the Company desires to sell in a private placement to the Purchasers (the
“Placement”) an aggregate of 292,660 units (the “Placement Units”) substantially
      identical to the Units being issued in the IPO pursuant to the terms and
      conditions hereof and as set forth in the Registration Statement, except that
      the Placement Units, Common Stock and Warrants to be issued in the Placement
      shall not be registered under the Securities Act of 1933, as amended (the
“Securities Act”);

    

    WHEREAS,
      each Purchaser desires to acquire the number of Placement Units set forth
      opposite his name on Schedule A hereto;

    

    WHEREAS,
      the Warrants included in the Placement Units shall be governed by the Warrant
      Agreement filed as an exhibit to the Registration Statement; and

    

    WHEREAS,
      the Purchasers are entitled to registration rights with respect to the Common
      Stock and the Warrants comprising the Placement Units and the Common Stock
      underlying such Warrants (collectively, the “Registrable Securities”) on the
      terms set forth in this Agreement; and

    

    WHEREAS,
      Maxim is acting as placement agent for the Placement.

    

    NOW,
      THEREFORE, for and in consideration of the premises and the mutual covenants
      hereinafter set forth, the parties hereto do hereby agree as
      follows:

    

    1. Purchase
      of Units.
      The
      Purchasers hereby agree, directly or through nominees, to purchase an aggregate
      of 292,660 Placement Units at a purchase price of $8.00 per Placement Unit,
      or
      an aggregate purchase price of $2,341,280 (the “Purchase Price”). Such purchases
      shall be in the names and amounts set forth on Schedule
      A
      hereto.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    2. Closing.
      The
      closing of the purchase and sale of the Placement Units (the “Closing”) will
      take place at such time and place as the parties may agree (the “Closing Date”),
      but in no event later than the date on which the Securities and Exchange
      Commission (the “SEC”) declares the Registration Statement effective (the
“Effective Date”). On the Effective Date, the Purchasers shall pay the Purchase
      Price by wire transfer of funds to an account maintained by the Company.
      Immediately prior to the closing of the IPO, the Company shall deposit
      $2,247,629 of the Purchase Price into the trust account described in the
      Registration Statement (the “Trust Account”). The certificates for the Common
      Stock and Warrants comprising the Placement Units shall be delivered to the
      Purchasers promptly after the closing of the IPO.

     

    3. Placement
      Fees.
      The
      Company agrees that Maxim is entitled to the following compensation in
      connection with the Placement: a placement fee equal to equal to 4% of the
      Purchase Price, payable upon the consummation of a Business Combination (as
      defined herein) as described in the Registration Statement.

    

    4. Voting
      of Shares.
      If the
      Company solicits approval of its stockholders of a Business Combination, the
      Purchasers shall vote all of the shares of the Common Stock acquired by the
      Purchasers (i) pursuant to this Agreement, (ii) in the IPO and (iii) in the
      aftermarket following the IPO in favor of the Business Combination and therefore
      waive any redemption rights they might have with respect to certain of such
      shares. As used herein, a “Business Combination” shall mean the Company
      acquiring, merging with, engaging in a capital stock exchange with, purchasing
      all or substantially all, or purchasing a combination of substantially all
      plus
      a minority interest in the assets of, or engaging in any other similar business
      combination with a single operating entity, or one or more related or unrelated
      operating entities, or assets in the publishing industry located in the United
      States.

     

    5. Waiver
      of Liquidation Distributions.
      In
      connection with the Placement Units purchased pursuant to this Agreement, the
      Purchasers hereby waive any and all right, title, interest or claim of any
      kind
      in or to any liquidating distributions by the Company in the event of a
      liquidation of the Company upon the Company's failure to timely complete a
      Business Combination. For purposes of clarity, any shares of Common Stock
      purchased in the IPO or the aftermarket by the Purchasers shall be eligible
      to
      receive any liquidating distributions by the Company.

    

    6.
      Rescission Right Waiver and Indemnification.

     

    6.1
       Each of the Purchasers understands and acknowledges that an exemption from
      the registration requirements of the Securities Act requires that there be
      no
      general solicitation of purchasers of the Placement Units. In this regard,
      if
      the offering of the Units in the IPO were deemed to be a general solicitation
      with respect to the Placement Units, the offer and sale of such Placement Units
      may not be exempt from registration and, if not, the Purchasers may have a
      right
      to rescind their purchases of the Placement Units. In order to facilitate the
      completion of the Placement and in order to protect the Company, its
      stockholders and the Trust Account from claims that may adversely affect the
      Company or the interests of its stockholders, each of the Purchasers hereby
      agrees to waive, to the maximum extent permitted by applicable law, any claims,
      right to sue or rights in law or arbitration, as the case may be, to seek
      rescission of his or its purchase of the Placement Units. Each of the Purchasers
      acknowledges and agrees that this waiver is being made in order to induce the
      Company to sell the Placement Units to the Purchasers. Each Purchaser agrees
      that the foregoing waiver of rescission rights shall apply to any and all known
      or unknown actions, causes of action, suits, claims, or proceedings
      (collectively, “Claims”) and related losses, costs, penalties, fees, liabilities
      and damages, whether compensatory, consequential or exemplary, and expenses
      in
      connection therewith, including reasonable attorneys' and expert witness fees
      and disbursements and all other expenses reasonably incurred in investigating,
      preparing or defending against any Claims, whether pending or threatened, in
      connection with any present or future actual or asserted right to rescind the
      purchase of the Placement Units hereunder or relating to the purchase of the
      Placement Units and the transactions contemplated hereby (collectively, “Losses
      and Expenses”).

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    6.2
       Each Purchaser agrees not to seek recourse against the Trust Account for
      any reason whatsoever in connection with his purchase of the Placement Units
      or
      any Claim that may arise now or in the future.

     

    6.3 The
      Purchasers acknowledge and agree that the stockholders of the Company are and
      shall be third-party beneficiaries of the foregoing provisions of this
      Agreement.

     

    6.4
       Each Purchaser agrees that to the extent any waiver of rights under this
      Section 6 is ineffective as a matter of law, each Purchaser has offered
      such waiver for the benefit of the Company as an equitable right that shall
      survive any statutory disqualification or bar that applies to a legal right.
      Each Purchaser acknowledges the receipt and sufficiency of consideration
      received from the Company hereunder in this regard.

    

    7. Lock-Up
      Agreement; Deposit with Maxim.
      The
      Purchasers shall not sell, assign, hypothecate, or transfer any of the Common
      Stock or Warrants purchased pursuant to this Agreement until the consummation
      of
      a Business Combination. In order to enforce this covenant, the undersigned
      agree
      to deposit the Placement Units in an account to be established at Maxim, to
      be
      held in such account until the consummation of a Business
      Combination.

    

    8. Representations
      and Warranties of the Purchasers.
      Each
      Purchaser hereby represents and warrants to the Company that:

    

    8.1 The
      Purchaser is an “accredited investor” as that term is defined in Rule 501 of
      Regulation D promulgated under the Securities Act.

    

    8.2 The
      Placement Units, Common Stock and Warrants are being acquired for the
      Purchaser's own account, only for investment purposes and not with a view to,
      or
      for resale in connection with, any distribution or public offering thereof
      within the meaning of the Securities Act.

     

    8.3 The
      Purchaser has the full right, power and authority to enter into this Agreement
      and this Agreement is a valid and legally binding obligation of the Purchaser
      enforceable against the Purchaser in accordance with its terms.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    9. Registration
      Rights.

    

    9.1 Demand
      Registration.
      At any
      time and from time to time on or after the date on which the Company consummates
      a Business Combination, the Purchasers or their transferees holding a
      majority-in-interest of the Registrable Securities may make a written demand
      for
      registration under the Securities Act of all or part of their Registrable
      Securities (a “Demand Registration”). Any demand for a Demand Registration shall
      specify the number of Registrable Securities proposed to be sold and the
      intended method(s) of distribution thereof. The Company will notify all holders
      of Registrable Securities of the demand, and each holder of Registrable
      Securities who wishes to include all or a portion of such holder's Registrable
      Securities in the Demand Registration (each such holder including shares of
      Registrable Securities in such registration, a “Demanding Holder”) shall so
      notify the Company within fifteen (15) days after the receipt by the holder
      of
      the notice from the Company. Upon any such request, the Demanding Holders shall
      be entitled to have their Registrable Securities included in the Demand
      Registration.

    

    The
      Company shall, as expeditiously as possible and in any event within sixty (60)
      days after receipt of a request for a Demand, prepare and file with the SEC
      a
      Registration Statement on any form for which the Company then qualifies or
      which
      counsel for the Company shall deem appropriate and which form shall be available
      for the sale of all Registrable Securities to be registered thereunder in
      accordance with the intended method(s) of distribution thereof, and shall use
      its best efforts to cause such Registration Statement to become effective as
      promptly as practicable, but in no event prior to the consummation of the
      Business Combination.

    

    The
      Company shall not be obligated to effect more than two Demand Registrations
      in
      respect of Registrable Securities.

    

    9.2 “Piggyback”
      Registration Rights.
      Subject
      to the last sentence of this Section 9.2, at any time after a Business
      Combination, if the Company shall determine to proceed with the actual
      preparation and filing of a new registration statement under the Securities
      Act
      in connection with the proposed offer and sale of any of its securities by
      it or
      any of its security holders (other than a registration statement on Form S-4,
      S-8 or other limited purpose form), the Company will give written notice of
      its
      determination to the Purchasers or their nominees. Upon the written request
      from
      a majority-in-interest of the Purchasers, within 15 days after receipt of any
      such notice from the Company, the Company will, except as herein provided,
      cause
      all of the Registrable Securities covered by such request (the “Requested
      Stock”) held by the Purchasers making such request (the “Requesting Holders”) to
      be included in such registration statement (each, a “Piggy-Back Registration”),
      all to the extent requisite to permit the sale or other disposition by the
      prospective seller or sellers of the Requested Stock; provided, further, that
      nothing herein shall prevent the Company from, at any time, abandoning or
      delaying any registration. If any registration pursuant to this Section 9.2
      shall be underwritten in whole or in part, the Company may require that the
      Requested Stock be included in the underwriting on the same terms and conditions
      as the securities otherwise being sold through the underwriters. In such event,
      the Requesting Holders shall, if requested by the underwriters, execute an
      underwriting agreement containing customary representations and warranties
      by
      selling stockholders and a lock-up on Registrable Securities not being sold.
      If
      in the good faith judgment of the managing underwriter of such public offering
      the inclusion of all of the Requested Stock would reduce the number of shares
      to
      be offered by the Company or interfere with the successful marketing of the
      shares of stock offered by the Company, the number of shares of Requested Stock
      otherwise to be included in the underwritten public offering may be reduced
      pro
      rata (by number of shares) among the Requesting Holders and all other holders
      of
      registration rights who have requested inclusion of their securities or excluded
      in their entirety if so required by the underwriter. To the extent only a
      portion of the Requested Stock is included in the underwritten public offering,
      those shares of Requested Stock which are thus excluded from the underwritten
      public offering and any other securities of the Company held by such holders
      shall be withheld from the market by the Holders thereof for a period, not
      to
      exceed 90 days, which the managing underwriter reasonably determines is
      necessary in order to effect the underwritten public offering. At such time
      as
      the provisions of the registration rights agreement filed as an exhibit to
      the
      Registration Statement covering the shares of Common Stock acquired by the
      Purchasers prior to the IPO may be exercised, the exercise and procedural
      provisions of such agreement, rather than the provisions of Sections 9.2, 9.3
      and 9.4 hereof, shall govern the Registrable Securities with respect to
      Piggy-Back Registrations.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    9.3 Registration
      Procedures.
      To the
      extent required by Sections 9.1 or 9.2, the Company will:

    

    (a) prepare
      and file with the SEC a registration statement with respect to such securities,
      and use its best efforts to cause such registration statement to become and
      remain effective until the earlier of the date on which all of the Registrable
      Securities included in the registration statement have been disposed of in
      accordance with the intended method(s) of distribution set forth in such
      Registration Statement or three years from the effective date;

    

    (b) prepare
      and file with the SEC such amendments to such registration statement and
      supplements to the prospectus contained therein as may be necessary to keep
      such
      registration statement effective until the earlier of the date on which all
      of
      the Registrable Securities included in the registration statement have been
      disposed of in accordance with the intended method(s) of distribution set forth
      in such Registration Statement or three years from the effective
      date;

     

    (c) furnish
      to the holders participating in such registration and to the underwriters of
      the
      securities being registered such reasonable number of copies of the registration
      statement, preliminary prospectus, final prospectus and such other documents
      as
      such underwriters may reasonably request in order to facilitate the public
      offering of such securities;

    

    (d) use
      its best efforts to register or qualify the securities covered by such
      registration statement under such state securities or blue sky laws of such
      jurisdictions as the holders may reasonably request in writing within 20 days
      following the original filing of such registration statement, except that the
      Company shall not for any purpose be required to execute a general consent
      to
      service of process or to qualify to do business as a foreign corporation in
      any
      jurisdiction wherein it is not so qualified;

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    (e) notify
      the holders, promptly after it shall receive notice thereof, of the time when
      such registration statement has become effective or a supplement to any
      prospectus forming a part of such registration statement has been
      filed;

    

    (f) notify
      the holders promptly of any request by the SEC for the amending or supplementing
      of such registration statement or prospectus or for additional
      information;

    

    (g) prepare
      and promptly file with the SEC and promptly notify such holders of the filing
      of
      such amendment or supplement to such registration statement or prospectus as
      may
      be necessary to correct any statements or omissions if, at the time when a
      prospectus relating to such securities is required to be delivered under the
      Securities Act, any event shall have occurred as the result of which any such
      prospectus or any other prospectus as then in effect would include an untrue
      statement of a material fact or omit to state any material fact necessary to
      make the statements therein, in the light of the circumstances in which they
      were made, not misleading; and

    

    (i) advise
      the holders, promptly after it shall receive notice or obtain knowledge thereof,
      of the issuance of any stop order by the SEC suspending the effectiveness of
      such registration statement or the initiation or threatening of any proceeding
      for that purpose and promptly use its best efforts to prevent the issuance
      of
      any stop order or to obtain its withdrawal if such stop order should be
      issued.

    

    The
      Purchasers shall cooperate with the Company in providing the information
      necessary to effect the registration of the Registrable Securities, including
      completion of customary questionnaires.

    

    9.4 Expenses.
      The
      Company shall bear all costs and expenses incurred in connection with any Demand
      Registration pursuant to Section 9.1, any Piggy-Back Registration pursuant
      to
      Section 9.2, and all expenses incurred in performing or complying with its
      other
      obligations under this Agreement, whether or not the Registration Statement
      becomes effective, including, without limitation: (i) all registration and
      filing fees; (ii) fees and expenses of compliance with securities or “blue sky”
laws (including fees and disbursements of counsel in connection with blue sky
      qualifications of the Registrable Securities); (iii) printing expenses; (iv)
      the
      Company's internal expenses (including, without limitation, all salaries and
      expenses of its officers and employees); (v) the fees and expenses incurred
      in
      connection with the exchange listing of the Registrable Securities; (vi)
      National Association of Securities Dealers, Inc. fees; (vii) fees and
      disbursements of counsel for the Company and fees and expenses for independent
      certified public accountants retained by the Company (including the expenses
      or
      costs associated with the delivery of any opinions or comfort letters); (viii)
      the fees and expenses of any special experts retained by the Company in
      connection with such registration and (ix) the fees and expenses of one legal
      counsel selected by the holders of a majority-in-interest of the Registrable
      Securities included in such registration. The Company shall have no obligation
      to pay any underwriting discounts or selling commissions attributable to the
      Registrable Securities being sold by the holders thereof, which underwriting
      discounts or selling commissions shall be borne by such holders. Additionally,
      in an underwritten offering, all selling shareholders and the Company shall
      bear
      the expenses of the underwriter pro rata in proportion to the respective amount
      of shares each is selling in such offering.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    10.
      Waiver of Claims; Indemnification. Each
      Purchaser hereby waives any and all rights to assert any present or future
      claims, including any right of rescission, against the Company, Maxim or the
      other underwriters in the IPO exclusively with respect to their purchase of
      the
      Placement Units hereunder, and each Purchaser agrees to indemnify and hold
      the
      Company, Maxim and the other underwriters in the IPO harmless from all losses,
      damages or expenses that relate to claims or proceedings brought against the
      Company, Maxim or such other underwriters by such Purchaser of the Placement
      Units arising solely out of the purchase of the Placement Units
      hereunder.

     

    11. Counterparts;
      Facsimile.
      This
      Agreement may be executed in any number of counterparts, each of which when
      so
      executed shall be deemed to be an original and all of which taken together
      shall
      constitute one and the same instrument. This Agreement or any counterpart may
      be
      executed via facsimile transmission, and any such executed facsimile copy shall
      be treated as an original.

    

    12.
      Governing Law.
      This
      Agreement shall for all purposes be deemed to be made under and shall be
      construed in accordance with the laws of the State of New York. Each of the
      parties hereby agrees that any action, proceeding or claim against it arising
      out of or relating in any way to this 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,
      which jurisdiction shall be exclusive. Each of the parties hereby waives any
      objection to such exclusive jurisdiction and that such courts represent an
      inconvenient forum.

    

    13.
      California Release and Waiver. Execution
      by a Purchaser of this Agreement constitutes an express waiver and release
      of any and all claims which would otherwise be preserved by operation of section
      1542 of the California Civil Code.  California Civil Code section 1542
      provides in pertinent part:

    

    “A
      general release does not extend to claims which the creditor does not know
      or
      suspect to exist in his or her favor at the time of executing the release,
      which
      if known by him or her must have materially affected his or her settlement
      with
      the debtor.”

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the undersigned have executed this Agreement as of the __
      day
      of _____________, 2007.

    

    
      	
               

            	
              INDUSTRIAL
                SERVICES ACQUISITION CORP.

               

              By:  _______________________________

                    
                Name:

                    
                Title:

               

               

               

              MAXIM
                GROUP LLC

               

              By:  _______________________________

               

               

              PURCHASERS:

               

               ___________________________________

              [         ]

               

               ___________________________________

              [         ]

               

               ___________________________________

              [         ]

               

               ___________________________________                                                                          

              [         ]

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SCHEDULE
      A

    

    

    
      	
              PURCHASER

            	 	
              AMOUNT
                

            	 	
              PURCHASE
                PRICE

            
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	
              TOTAL

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