Document:

Exhibit
      10.1.5

     

    November
      28, 2006 

    

    Pinpoint
      Advance Corp.

    4
      Maskit
      Street

    Herzeliya,
      Israel 46700 

    

    Maxim
      Group LLC 

    405
      Lexington Avenue 

    New
      York,
      New York 10174 

    

    

    
      	
            	Re:	
              Pinpoint
                Advance Corp. (the “Company”)

            

    

    

    Gentlemen:
      

    

    The
      undersigned, in consideration of Maxim Group LLC (“Maxim”)
      entering into a letter of intent (the “Letter
      of Intent”)
      to
      underwrite an initial public offering (the “IPO”)
      of the
      securities of the Company and embarking on, undertaking and continuing to
      participate in the IPO process, hereby agrees as follows (certain capitalized
      terms used herein are defined in paragraph XII hereof): 

    

    I. (1) In
      the
      event the Company fails to consummate a Business Combination within 18 months
      from the effective date (the “Effective
      Date”)
      of the
      registration statement relating to the IPO, or 24 months from the Effective
      Date
      under the circumstances described in the prospectus relating to the IPO (such
      later date being the “Termination
      Date”),
      the
      undersigned shall, in accordance with all applicable requirements of the
      Delaware General Corporation Law (the “DGCL”),
      take
      all action reasonably within his power to dissolve the Company and distribute
      all funds held in the Trust Account to holders of IPO Shares as soon as
      reasonably practicable following the approval by the Company’s stockholders of
      the Company’s dissolution, including, without limitation: (i) causing the
      Company’s board of directors to convene and adopt a plan of dissolution and
      liquidation; (ii) voting, as a director (if applicable), in favor of adopting
      such plan of dissolution and liquidation; (iii) following any such adoption
      by
      the Company’s board of directors, causing the Company to prepare and file a
      proxy statement with the Securities and Exchange Commission (the “SEC”)
      setting out, and calling for, a vote by the Company’s stockholders in favor of
      the plan of dissolution and liquidation; and (iv) voting, as a stockholder,
      all
      of the undersigned’s voting securities of the Company in favor of any such plan
      of dissolution and liquidation. 

    

    (2) If
      the
      Company seeks approval from its stockholders to consummate a Business
      Combination within 90 days of the expiration of 24 months from the Effective
      Date, the undersigned agrees to take all such action reasonably within its
      power
      as is necessary to ensure that the proxy statement related to such Business
      Combination will seek stockholder approval for the plan of dissolution and
      distribution in the event the stockholders do not approve the Business
      Combination. 

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (3) If
      no
      proxy statement seeking the approval of the stockholders for a Business
      Combination has been filed within 30 days prior to the date which is 24 months
      from the date of the IPO, the undersigned agrees to take, prior to such date,
      all such action reasonably within its power as is necessary to convene and
      adopt
      a plan of dissolution and distribution and file a proxy statement with the
      SEC
      seeking stockholder approval for such plan. 

    

    (4) Except
      with respect to any of the IPO Shares acquired by the undersigned in connection
      with or following the IPO, the undersigned hereby (a) waives any and all right,
      title, interest or claim of any kind (the “Claim”) in or to all funds in the
      Trust Account and any remaining net assets of the Company upon liquidation
      of
      the Trust Account and dissolution of the Company, (b) waives any Claim the
      undersigned may have in the future as a result of, or arising out of, any
      contracts or agreements with the Company and (c) agrees the undersigned will
      not
      seek recourse against the Trust Account for any reason whatsoever.

    

    II. In
      order
      to minimize potential conflicts of interest which may arise from multiple
      affiliations, the undersigned agrees to present to the Company for its
      consideration, prior to presentation to any other person or entity, any suitable
      opportunity to acquire an operating business, until the earlier of (i) the
      consummation by the Company of a Business Combination, (ii) the dissolution
      of
      the Company or (iii) such time as the undersigned ceases to be a director of
      the
      Company, subject to any pre-existing fiduciary and contractual obligations
      the
      undersigned might have. 

    

    III. The
      undersigned acknowledges and agrees the Company will not consummate any Business
      Combination which involves a company which is affiliated with any of the
      Insiders. 

    

    IV. (1) Neither
      the undersigned, any member of the family of the undersigned, nor any affiliate
      of the undersigned (“Affiliate”)
      will
      be entitled to receive, and no such person will accept, any compensation for
      services rendered to the Company prior to the consummation of a Business
      Combination. 

    

    (2) The
      undersigned shall be entitled to reimbursement from the Company for his
      out-of-pocket expenses incurred in connection with seeking and consummating
      a
      Business Combination. 

    

    V. Neither
      the undersigned, any member of the family of the undersigned, nor any Affiliate
      will be entitled to receive or accept a finder’s fee or any other compensation
      in the event the undersigned, any member of the family of the undersigned or
      any
      Affiliate originates a Business Combination. 

    

    VI. (1) The
      undersigned agrees to be a director of the Company until the earlier of the
      consummation of a Business Combination or the dissolution of the Company. The
      undersigned agrees to not resign (or advise the Board that the undersigned
      declines to seek re-election to the Board of Directors) from his position as
      director of the Company as set forth in the Registration Statement without
      the
      prior consent of Maxim until the earlier of the consummation by the Company
      of a
      Business Combination, liquidation of the Trust Account, or the dissolution
      of
      the Company. The undersigned acknowledges the foregoing does not interfere
      with
      or limit in any way the right of the Company to terminate the undersigned’s
      employment at any time (subject to other contractual rights the undersigned
      may
      have) nor confer upon the undersigned any right to continue in the employ of
      Company. 

    

    
      
         

      

      
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    (2) The
      undersigned’s biographical information furnished to the Company and Maxim and
      attached hereto as Exhibit A is true and accurate in all respects, does not
      omit
      any material information with respect to the undersigned’s background and
      contains all of the information required to be disclosed pursuant to Item 401
      of
      Regulation S-K, promulgated under the Securities Act of 1933, as amended (the
      “Securities
      Act”).
      The
      undersigned’s Questionnaire previously furnished to the Company and Maxim is
      true and accurate in all respects as of the date first written above.

    

    (3) The
      undersigned represents and warrants: 

    

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

    

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

    

    (c) he
      has
      never been suspended or expelled from membership in any securities or
      commodities exchange or association or had a securities or commodities license
      or registration denied, suspended or revoked. 

    

    VII. The
      undersigned has full right and power, without violating any agreement by which
      he is bound, to enter into this letter agreement and to serve as a director
      of
      the Company.

    

    VIII. The
      undersigned authorizes any employer, financial institution, or consumer credit
      reporting agency to release to Maxim and its legal representatives or agents
      (including any investigative search firm retained by Maxim) any information
      they
      may have about the undersigned’s background and finances (“Information”).
      Neither Maxim nor its agents shall be violating the undersigned’s right of
      privacy in any manner in requesting and obtaining the Information and the
      undersigned hereby releases them from liability for any damage whatsoever in
      that connection. 

    

    IX. In
      connection with the vote required to consummate a Business Combination, the
      undersigned agrees that he will vote all shares of common stock, par value
      $.0001 per share (the “Common
      Stock”)
      owned
      by him (either directly or indirectly) prior to the IPO and the Private
      Placement (the “Insider
      Shares”),
      if
      any, in accordance with the majority of the votes cast by the holders of the
      IPO
      Shares and all shares of Common Stock acquired in or following the IPO “for” a
      Business Combination. 

    

    
      
         

      

      
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    X. The
      undersigned will escrow his Insider Shares, if any, for the period commencing
      on
      the Effective Date and ending on the third anniversary of the Effective Date,
      subject to the terms of a Stock Escrow Agreement which the Company will enter
      into with the undersigned and an escrow agent acceptable to the
      Company.

    

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

    

    XII. As
      used
      herein, (i) a “Business
      Combination”
shall
      mean an acquisition by the Company, by merger, capital stock exchange, asset
      or
      stock acquisition, reorganization or otherwise, of an operating business or
      businesses in the business services industry; (ii) “Insiders”
shall
      mean all officers, directors and stockholders of the Company immediately prior
      to the IPO; (iii) “IPO
      Shares”
shall
      mean the shares of Common Stock issued in the Company’s IPO; (iv) “Private
      Placement”
shall
      mean the 187,500 units of the Company (each unit consisting of one share of
      Common Stock and one warrant to purchase one share of Common Stock) issued
      by
      the Company in a transaction exempt from the registration requirements of the
      Securities Act prior to the Effective Date; and (v) “Trust
      Account”
shall
      mean the trust account in which most of the proceeds to the Company of the
      IPO
      will be deposited and held for the benefit of the holders of the IPO shares,
      as
      described in greater detail in the prospectus relating to the IPO.

    

    XIII. This
      letter agreement shall supersede any other letter agreement signed by the
      undersigned with respect to the subject matter hereof. 

    

    [Signature
      Page to Follow]

     

    
      
         

      

      
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              Very
                truly yours,
 

            
	 	 	/s/ Jacob
              Perry
	 	
              
Jacob
              Perry
	 	 

    

     

    
      
         

      

      
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    EXHIBIT
      A

    [biography]Exhibit
      10.6

     

    SUBSCRIPTION
      AGREEMENT

    

     

    SUBSCRIPTION
      AGREEMENT (this “Agreement”) made as of this 27th day of November, 2006 for
      the benefit of Pinpoint Advance Corp., a Delaware corporation (the “Company”),
      having its principal place of business at 4 Maskit Street, Herzeliya, Israel
      46700 by the persons or entities listed on the signature page hereto under
      the
      heading “Subscriber” (each a “Subscriber” and collectively, the
“Subscribers”).

    

    WHEREAS,
      the Company desires to sell on a private placement basis (the “Offering”) an
      aggregate of 187,500 units (the “Units”) of the Company for a purchase price of
      $8.00 per Unit, each Unit consists of one share of the Company’s common stock,
      par value $0.0001 per share (the “Common Stock”), and one warrant (the
“Warrants”) to purchase one share of Common Stock at an exercise price of $6.00
      per share; and

    

    WHEREAS,
      each Subscriber wishes to purchase the number of Units set forth opposite his
      name on Schedule A attached hereto, and the Company wishes to accept such
      subscriptions. 

     

    NOW,
      THEREFORE, in consideration of the premises and the mutual covenants hereinafter
      set forth and other good and valuable consideration, the receipt and sufficiency
      of which are hereby acknowledged, the Company and each Subscriber, severally
      and
      not jointly, hereby agree as follows

    

    1.
 
      Agreement
      to Subscribe

    

    1.1.    Purchase
      and Issuance of the Units.
      Upon
      the terms and subject to the conditions of this Agreement, the Subscribers
      hereby agree to purchase from the Company, and the Company hereby agrees to
      sell
      to the Subscriber, on the Closing Date, the number of Units indicated on
      Schedule A hereto by the caption, “Number of Units Being Purchased.” The
      aggregate purchase price for such Subscriber’s Units (the “Purchase Price”) is
      indicated Schedule A hereto by the caption, “Aggregate Purchase Price
      Paid”.

    

    1.2.    Delivery
      of the Purchase Price.
      Upon
      execution of this Agreement, the undersigned are hereby bound to fulfill his
      obligations hereunder and hereby irrevocably commits to deliver into a trust
      account at Merrill Lynch, maintained by American Stock Transfer & Trust
      Company, acting as Trustee, on the date of Closing (as hereinafter defined),
      the
      Purchase Price by bank check, wire transfer or such other form of payment as
      shall be acceptable to the Trustee, in its sole and absolute discretion, at
      the
      Closing.

    

    1.3.    Closing.
      The
      closing (the “Closing”) of the Offering, shall take place at the offices of the
      Company, prior to the effective date of the registration statement pursuant
      to
      which the Company proposes to register its initial public offering (the “IPO”)
      of 3,125,000 units of Common Stock and Warrants (the “Closing
      Date”).

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    2.
 
      Representations
      and Warranties of the Subscriber

    

    Each
      Subscriber, severally and not jointly, represents and warrants to the Company
      that:

    

    2.1.    No
      Government Recommendation or Approval.
      The
      Subscriber understands that no United States federal or state agency has passed
      upon or made any recommendation or endorsement of the Company or the Offering
      of
      the Units.

    

    2.2.    Regulation
      S Offering.
      The
      Subscriber represents that it is (i) not a U.S. Person as that term is defined
      in Rule 902 of Regulation S (“Regulation S”) promulgated under the Securities
      Act of 1933, as amended (the “Securities Act”), (ii) a resident of Israel and
      (iii) if an entity, not formed for the purpose of investing in securities not
      registered under the Securities Act. 

    

    2.3.    Intent.
      The
      Subscriber is purchasing the Units solely for investment purposes, for the
      Subscriber’s own account and not for the account or benefit of any U.S. Person,
      and not with a view towards the distribution thereof and the Subscriber has
      no
      present arrangement to sell the Units to or through any person or entity. The
      Subscriber shall not engage in hedging transactions with regard to the Units
      and
      the underlying securities unless in compliance with the Securities
      Act.

    

    2.4.    Restrictions
      on Transfer.
      The
      Subscriber understands the Units are being offered in a transaction not
      involving a public offering in the United States within the meaning of the
      Securities Act. The Units have not been registered under the Securities Act,
      and, if in the future the Subscriber decides to offer, resell, pledge or
      otherwise transfer the Units, such Units may be offered, resold, pledged or
      otherwise transferred only (A) pursuant to an effective registration statement
      filed under the Securities Act, (B) to a non-U.S. person in an offshore
      transaction in accordance with Rule 903 or Rule 904 of Regulation S of the
      Securities Act, (C) pursuant to the resale limitations set forth in Rule 905
      of
      Regulation S, (D) pursuant to an exemption from registration under the
      Securities Act provided by Rule 144 thereunder (if available) or (E) pursuant
      to
      any other exemption from the registration requirements of the Securities Act,
      and in each case in accordance with any applicable securities laws of any state
      of the United States or any other jurisdiction. The Subscriber acknowledges,
      agrees and covenants that it will not engage in hedging transactions with regard
      to the Units prior to the expiration of the distribution compliance period
      specified in Rule 903 of Regulation S promulgated under the Securities Act,
      unless in compliance with the Securities Act. The Subscriber agrees that if
      any
      transfer of its Units or any interest therein is proposed to be made, as a
      condition precedent to any such transfer, the Subscriber may be required to
      deliver to the Company an opinion of counsel satisfactory to the Company. Absent
      registration or another exemption from registration, the Subscriber agrees
      that
      it will not resell the securities constituting the Subscriber’s Units to U.S.
      Persons or within the United States.

    

    2.5.    Sophisticated
      Investor.

    

    (i)    The
      Subscriber is sophisticated in financial matters and is able to evaluate the
      risks and benefits of the investment in the Units.

    

    
      
         

      

      
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    (ii)    The
      Subscriber is able to bear the economic risk of his investment in the Units
      for
      an indefinite period of time because none of the Units nor any of the underlying
      securities comprising the Units have been registered under the Securities Act
      and therefore cannot be sold unless subsequently registered under the Securities
      Act or an exemption from such registration is available. Notwithstanding the
      foregoing, the Subscriber further understands and acknowledges that the SEC
      has
      taken the position that the Subscriber is considered a promoter under the
      Securities Act and that promoters or affiliates of a blank check company and
      their transferees, both before and after a Business Combination, would act
      as an
“underwriter” under the Securities Act when reselling the securities of that
      blank check company. Accordingly, Rule 144 promulgated under the Securities
      Act
      would not be available for the resale of the Units or the securities underlying
      the Units despite technical compliance with the requirements of Rule 144, in
      which event the resale transactions would need to be made through a registered
      offering.

    

    2.6.    Independent
      Investigation.
      The
      Subscriber, in making the decision to purchase the Units, has relied upon an
      independent investigation of the Company and has not relied upon any information
      or representations made by any third parties or upon any oral or written
      representations or assurances from the Company, its officers, directors or
      employees or any other representatives or agents of the Company, other than
      as
      set forth in this Agreement. The Subscriber is familiar with the business,
      operations and financial condition of the Company and has had an opportunity
      to
      ask questions of, and receive answers from, the Company’s officers and directors
      concerning the Company and the terms and conditions of the offering of the
      Units
      and has had full access to such other information concerning the Company as
      the
      Subscriber has requested.

    

    2.7.    Authority.
      This
      Agreement has been validly authorized, executed and delivered by the Subscriber
      and is a valid and binding agreement enforceable in accordance with its terms,
      subject to the general principles of equity and to bankruptcy or other laws
      affecting the enforcement of creditors’ rights generally. The execution,
      delivery and performance of this Agreement by the Subscriber does not and will
      not conflict with, violate or cause a breach of any agreement, contract or
      instrument to which the Subscriber is a party.

    

    2.8.    No
      Legal Advice from Company.
      The
      Subscriber acknowledges that he has had the opportunity to review this Agreement
      and the transactions contemplated by this Agreement and the other agreements
      entered into between the parties hereto with the Subscriber’s own legal counsel
      and investment and tax advisors. Except for any statements or representations
      of
      the Company made in this Agreement and the other agreements entered into between
      the parties hereto, the Subscriber is relying solely on such counsel and
      advisors and not on any statements or representations of the Company or any
      of
      its representatives or agents for legal, tax or investment advice with respect
      to this investment, the transactions contemplated by this Agreement or the
      securities laws of any jurisdiction.

     

    2.9.    Reliance
      on Representations and Warranties.
      The
      Subscriber understands that the Units are being offered and sold to the
      Subscriber in reliance on exemptions from the registration requirements under
      the Securities Act, and analogous provisions in the laws and regulations of
      various states, and that the Company is relying upon the truth and accuracy
      of
      the representations, warranties, agreements, acknowledgments and understandings
      of the Subscriber set forth in this Agreement in order to determine the
      applicability of such provisions.  

    

    
      
         

      

      
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    2.10.    No
      Advertisements.
      The
      undersigned is not subscribing for the Units as a result of or subsequent to
      any
      advertisement, article, notice or other communication published in any
      newspaper, magazine, or similar media or broadcast over television or radio,
      or
      presented at any seminar or meeting.

    

    2.11.    Legend.
      The
      Subscriber acknowledges and agrees that the certificates evidencing the shares
      of Units, the Common Stock and the Warrants and, when issued, the shares of
      Common Stock to be issued upon exercise of such Warrants (the “Warrant Shares”),
      shall bear a restrictive legend (the “Legend”), in form and substance as set
      forth in Section 4 hereof, prohibiting the offer, sale, pledge or transfer
      of
      the securities, except (i) in accordance with the provisions of Regulation
      S
      promulgated under the Securities Act, (ii) pursuant to an effective registration
      statement covering these securities under the Securities Act or (iii) pursuant
      to any other exemptions from the registration requirements under the Securities
      Act and such laws which, in the opinion of counsel for this Company, is
      available

     

    3.
 
       Representations
      and Warranties of the Company

    

    The
      Company represents and warrants to each Subscriber that:

    

    3.1.    Valid
      Issuance of Capital Stock.
      The
      total number of shares of all classes of capital stock which the Company has
      authority to issue is 20,000,000 shares of Common Stock and 1,000,000 shares
      of
      Preferred Stock. As of the date hereof, the Company has 828,125 shares of Common
      Stock and no shares of Preferred Stock issued and outstanding. All of the issued
      shares of capital stock of the Company have been duly authorized, validly
      issued, and are fully paid and non-assessable.

    

    3.2.    Organization
      and Qualification.
      The
      Company is a corporation duly incorporated and existing in good standing under
      the laws of the state of Delaware and has the requisite corporate power to
      own
      its properties and assets and to carry on its business as now being
      conducted.

    

    3.3.    Authorization;
      Enforcement.
      (i) The
      Company has the requisite corporate power and authority to enter into and
      perform its obligations under this Agreement and to issue the Units and the
      underlying securities in accordance with the terms hereof, (ii) the execution,
      delivery and performance of this Agreement by the Company and the consummation
      by it of the transactions contemplated hereby have been duly authorized by
      all
      necessary corporate action, and no further consent or authorization of the
      Company or its Board of Directors or stockholders is required, and (iii) this
      Agreement constitutes valid and binding obligations of the Company enforceable
      against the Company in accordance with its terms, except as such enforceability
      may be limited by applicable bankruptcy, insolvency, fraudulent conveyance,
      moratorium, reorganization, or similar laws relating to, or affecting generally
      the enforcement of, creditors’ rights and remedies or by equitable principles of
      general application and except as enforcement of rights to indemnity and
      contribution may be limited by federal and state securities laws or principles
      of public policy.

      

    
      
         

      

      
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    3.4.    No
      Conflicts.
      The
      execution, delivery and performance of this Agreement and the consummation
      by
      the Company of the transactions contemplated hereby do not (i) result in a
      violation of the Company’s Certificate of Incorporation or Bylaws or (ii)
      conflict with, or constitute a default under any agreement, indenture or
      instrument to which the Company is a party. Other than any SEC or state
      securities filings which may be required to be made by the Company subsequent
      to
      the Closing, and any registration statement which may be filed pursuant thereto,
      the Company is not required under federal, state or local law, rule or
      regulation to obtain any consent, authorization or order of, or make any filing
      or registration with, any court or governmental agency or self-regulatory entity
      in order for it to perform any of its obligations under this Agreement or issue
      the Common Stock in accordance with the terms hereof.

    

    4. Legends;
      Denominations

    

    4.1.    Legend.
      The
      Company will issue the Units and the underlying shares of Common Stock, the
      Warrants, and, when issued, the Warrant Shares, purchased by the Subscribers
      in
      the name of each Subscriber and in such denominations to be specified by each
      Subscriber prior to the Closing. The shares of Common Stock, the Warrants and
      Warrant Shares will bear the following Legend and appropriate “stop transfer”
instructions:

    

    “THE
      SECURITIES REPRESENTED
      BY THIS CERTIFICATE HAVE
      NOT
      BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
      ACT”), OR ANY STATE SECURITIES LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST
      THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF
      EXCEPT (A) IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S PROMULGATED UNDER
      THE SECURITIES ACT, (B) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT COVERING
      THESE SECURITIES UNDER THE SECURITIES ACT OR (C) PURSUANT TO ANY OTHER
      EXEMPTIONS FROM REGISTRATION REQUIREMENTS UNDER THE SECURITIES ACT AND SUCH
      LAWS
      WHICH, IN THE OPINION OF COUNSEL FOR THIS CORPORATION, IS AVAILABLE. HEDGING
      TRANSACTIONS INVOLVING THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT
      BE
      CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.”

      

    4.2.    Subscriber’s
      Compliance.
      Nothing
      in this Section 4 shall affect in any way the Subscribers’ obligations and
      agreements to comply with all applicable securities laws upon resale of the
      Units, the Warrants, the shares of Common Stock and Warrant Shares underlying
      the Units.

    

    4.3.    Company’s
      Refusal to Register Transfer of Units.
      The
      Company shall refuse to register any transfer of the Units, the Warrants, the
      shares of Common Stock or the Warrant Shares, if in the sole judgment of the
      Company such purported transfer would not be made (i) pursuant to an effective
      registration statement filed under the Securities Act, or (ii) pursuant to
      an
      available exemption from the registration requirements of the Securities
      Act.

    

    
      
         

      

      
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    5.    Escrow.
      Upon
      consummation of the IPO, the Subscribers and their designees shall enter into
      a
      securities escrow agreement with American Stock Transfer & Trust Company,
      whereby the Units, the Common Stock, the Warrants and the Common Stock
      underlying the Warrants (the “Warrant Shares” and, collectively with the Units,
      the Common Stock and the Warrants, the “Securities”) shall be held in escrow
      until the earlier of (i) one year after the consummation of a Business
      Combination (as defined below) or (ii) liquidation of the Company. As used
      herein, a “Business Combination shall mean an acquisition by the Company by
      merger, capital stock exchange, exchangeable share transaction, joint venture,
      asset or stock acquisition, or other similar business combination of one or
      more
      operating businesses with operations in Israel or which is a company operating
      outside Israel, which the Company believes would benefit from establishing
      operations or facilities in Israel. 

    

    
      	 	
              6.

            	
              Lock-Up.

            

    

    

    The
      Subscribers, and their designees, shall not sell, assign, hypothecate, or
      transfer any of the Securities until the earlier of the consummation of a
      Business Combination (as hereinafter defined) or liquidation of the Company,
      provided
      however
      , that
      no such sale, assignment, hypothecation or transfer may be effected unless,
      in
      each case, it is made in accordance with transfer restrictions set forth in
      Regulation S and the Securities Act. 

    

    7.    Waiver
      of Liquidation Distributions.

    

    In
      connection with the Units purchased pursuant to this Agreement or prior to
      the
      private placement, the Subscribers 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, in the
      event
      a Subscriber purchases shares of Common Stock in the IPO or in the aftermarket,
      any additional shares so purchased shall be eligible to receive any liquidating
      distributions by the Company. Notwithstanding the foregoing, the Subscribers
      acknowledge and agree that any such shares of Common Stock purchased by such
      Subscriber hereunder will be voted in favor of a Business Combination.
      Consequently, in no event will a Subscriber have the right to convert any shares
      of Common Stock purchased hereunder into funds held in the trust account with
      American Stock Transfer & Trust Company upon the successful completion of a
      Business Combination.

    

    8.    Forfeiture
      of Units.

     

    8.1.    Failure
      to Consummate Business Combination.
      All of
      the Units initially shall be subject to forfeiture to the Company in accordance
      with this Section 8. The Units and the underlying securities shall be forfeited
      to the Company in the event that the Company does not consummate a Business
      Combination within 18 months after consummation of the IPO, or within 24 months
      from the consummation of the IPO if a letter of intent, agreement in principle
      or definitive agreement has been executed within 18 months after consummation
      of
      the IPO and the Business Combination has not yet been consummated within such
      18
      month time period.

    

    8.2.    Termination
      of Rights as Stockholder; Escrow.
      If the
      Units and the underlying securities are forfeited in accordance with this
      Section 8, then after such time the Subscribers (or successor in interest),
      shall no longer have any rights as a holder of such Units, and the Company
      shall
      take such action as is appropriate to cancel such Securities. To effectuate
      the
      foregoing, all certificates representing the Securities shall be held in escrow
      as provided in Section 5 hereof. In addition, the Subscribers hereby irrevocably
      grant the Company a limited power of attorney for the purpose of effectuating
      the foregoing.

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

       

    

    9.    Rescission
      Right Waiver and Indemnification.
      

     

    9.1.    Each
      of
      the Subscribers 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 Units. In this regard, if the offering
      of the Units were deemed to be a general solicitation with respect to the Units,
      the offer and sale of such Units may not be exempt from registration and, if
      not, the Subscribers may have a right to rescind their purchases of the Units.
      In order to facilitate the completion of the Offering 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
      Subscribers 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 Units. Each of
      the
      Subscribers acknowledges and agrees that this waiver is being made in order
      to
      induce the Company to sell the Units to the Subscribers. Each Subscriber 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 Units hereunder or relating to the purchase of the Units and
      the
      transactions contemplated hereby. 

     

    9.2.    Each
      Subscriber agrees not to seek recourse against the trust account for any reason
      whatsoever in connection with his purchase of the Units or any Claim that may
      arise now or in the future. 

     

    9.3.    Each
      Subscriber acknowledges and agrees that the stockholders of the Company and
      Maxim Group LLC are and shall be third-party beneficiaries of the foregoing
      provisions of this Agreement. 

     

    9.4.    Each
      Subscriber agrees that to the extent any waiver of rights under this Section
      9
      is ineffective as a matter of law, each Subscriber 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 Subscriber
      acknowledges the receipt and sufficiency of consideration received from the
      Company hereunder in this regard.

    

    10.    Terms
      of the Warrant

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

       

    

    The
      Warrants are similar to the warrants included in the units offered in the IPO,
      except that: (i) they are not being registered in the Registration Statement
      and
      therefore shall not be freely tradeable until one year has passed from the
      consummation of a Business Combination and (ii) they are not redeemable so
      long
      as they are held by the initial holder thereof (or any of their permitted
      transferees). The shares of Common Stock issued hereby and the Warrant Shares
      will be granted certain registration rights. In no event will the Company be
      required to net cash settle the Warrant exercise.

    

    11.    Voting
      of Shares.

    

    Each
      Subscriber agrees to vote the shares of Common Stock owned by him immediately
      before this private placement in accordance with the majority of the shares
      of
      Common Stock voted by the public stockholders. Each Subscriber further agrees
      to
      vote the shares of Common Stock and/or Warrant Shares purchased in this private
      placement or acquired in the IPO or the aftermarket in favor of a Business
      Combination that the Company negotiates and presents for approval to the
      Company’s stockholders.

    

    12.    Governing
      Law; Jurisdiction;
      Waiver
      of Jury Trial

    

    This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Delaware for agreements made and to be wholly performed within such
      state. The parties hereto hereby waive any right to a jury trial in connection
      with any litigation pursuant to this Agreement and the transactions contemplated
      hereby.

    

    13.    Assignment;
      Entire Agreement; Amendment

    

    13.1.    Assignment.
      Neither
      this Agreement nor any rights hereunder may be assigned by any party to any
      other person other than by a Subscriber to a person agreeing to be bound by
      the
      terms hereof.

    

    13.2.    Entire
      Agreement.
      This
      Subscription Agreement sets forth the entire agreement and understanding between
      the parties as to the subject matter thereof and merges and supersedes all
      prior
      discussions, agreements and understandings of any and every nature among
      them.

     

    13.3.    Amendment.
      Except
      as expressly provided in this Agreement, neither this Agreement nor any term
      hereof may be amended, waived, discharged or terminated other than by a written
      instrument signed by the party against whom enforcement of any such amendment,
      waiver, discharge, or termination is sought.

    

    13.4.    Binding
      upon Successors.
      This
      Agreement shall be binding upon and inure to the benefit of the parties hereto
      and to their respective heirs, legal representatives, successors and permitted
      assigns.

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    

    14.    Notices;
      Indemnity

    

    14.1    Notices.
      Unless
      otherwise provided herein, any notice or other communication to a party
      hereunder shall be sufficiently given if in writing and personally delivered
      or
      sent by facsimile or other electronic transmission with copy sent in another
      manner herein provided or sent by courier (which for all purposes of this
      Agreement shall include Federal Express or other recognized overnight courier)
      or mailed to said party by certified mail, return receipt requested, at its
      address provided for herein or such other address as either may designate for
      itself in such notice to the other. Communications shall be deemed to have
      been
      received when delivered personally, on the scheduled arrival date when sent
      by
      next day or 2-day courier service, or if sent by facsimile upon receipt of
      confirmation of transmittal or, if sent by mail, then three days after deposit
      in the mail. If given by electronic transmission, such notice shall be deemed
      to
      be delivered (a) if by electronic mail, when directed to an electronic mail
      address at which the stockholder has consented to receive notice; (b) if by
      a
      posting on an electronic network together with separate notice to the
      stockholder of such specific posting, upon the later of (1) such posting and
      (2)
      the giving of such separate notice; and (c) if by any other form of electronic
      transmission, when directed to the stockholder.

    

    14.2    Indemnification.
      Each
      party shall indemnify the other against any loss, cost or damages (including
      reasonable attorney’s fees and expenses) incurred as a result of such party’s
      breach of any representation, warranty, covenant or agreement in this
      Agreement.

    

    15.    Counterparts

    

    This
      Agreement may be executed in one or more counterparts, all of which when taken
      together shall be considered one and the same agreement and shall become
      effective when counterparts have been signed by each party and delivered to
      the
      other party, it being understood that both parties need not sign the same
      counterpart.  In the event that any signature is delivered by facsimile
      transmission or by e-mail delivery of a “.pdf” format data file, such signature
      shall create a valid and binding obligation of the party executing (or on whose
      behalf such signature is executed) with the same force and effect as if such
      facsimile or “.pdf” signature page were an original thereof.

    

    16.    Survival;
      Severability

    

    16.1.    Survival.
      The
      representations, warranties, covenants and agreements of the parties hereto
      shall survive the Closing.

    

    16.2.    Severability.
      In the
      event that any provision of this Agreement becomes or is declared by a court
      of
      competent jurisdiction to be illegal, unenforceable or void, this Agreement
      shall continue in full force and effect without said provision; provided that
      no
      such severability shall be effective if it materially changes the economic
      benefit of this Agreement to any party.

    

    17.    Headings.

    

    The
      titles and subtitles used in this Agreement are used for convenience only and
      are not to be considered in construing or interpreting this
      Agreement.

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    This
      subscription is accepted by the Company on the 27th day of November,
      2006.

    
      	 	 	 
	 	PINPOINT
              ADVANCE CORP.
	 
 	 
 	 
 
	 	By:  	/s/
              Adiv
              Baruch
	 	Adiv Baruch
	 	Chief Executive Officer

    

     

    
      	 	 	 
	 	SUBSCRIBERS
	 
 	 
 	 
 
	 	       	/s/ Adiv
              Baruch
	 	Adiv Baruch
	 	 
	 	 
	 	/s/
              Ronen Zadok 
	 	Ronen Zadok 
	 	 
	 	 
	 	/s/
              Yoav Schwalb 
	 	Yoav Schwalb
	 	 
	 	 
	 	/s/ Yaron
              Schwalb 
	 	Yaron Schwalb 

    

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    SCHEDULE
      A

    

    

    
      	
              Name
                of Subscriber

            	
              Number
                of Units Purchased

            	
              Total
                Purchase Price Paid

            
	
              Adiv
                Baruch

              9
                Avigur Street

              Tel
                Aviv, Israel 69379

              Telephone:
                +972-3-699-1099

              Fax:
                +972-3-699-5571

              E-mail:
                adivb1@gmail.com

            	
              46,875

            	
              $375,000

            
	
              Ronen
                Zadok

              4
                Ayelet Chen

              Herzeliya,
                Israel 46370

              Telephone:
                +972-9-950-9214

              Fax:
                +972-9-951-5153

              E-mail:
                ronen@new-pole.com

            	
              46,875

            	
              $375,000

            
	
              Yoav
                Schwalb

              35
                Ezion Street

              Raanana,
                Israel 43562

              Telephone:
                +972-9-772-8812

              Fax:
                +972-9-772-8813

              E-mail:
                yoav@new-pole.com

            	
              46,875

            	
              $375,000

            
	
              Yaron
                Schwalb

              53
                Pines

              Raanana,
                Israel 43376

              Telephone:
                +972-9-772-8224

              Fax:
                +972-9-772-8245

              E-mail:
                yaron@new-pole.com

            	
              46,875

            	
              $375,000

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