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Exhibit 10.6  

 
  SECOND AMENDED AND RESTATED
  PRIVATE PLACEMENT PURCHASE AGREEMENT    
    

        THIS SECOND AMENDED AND RESTATED PRIVATE PLACEMENT PURCHASE AGREEMENT (this
"Agreement") made as of this 29th day of January 2007, by and between INFORMATION SERVICES GROUP, INC.,
a Delaware corporation (the "Company"), and OENOKE PARTNERS, LLC, a Delaware limited liability company
(the "Purchaser"). 

        WHEREAS, on August 9, 2006, the Company and the Purchaser entered into that certain Private Placement Purchase Agreement (the
"Original Purchase Agreement"); 

        WHEREAS, on December 21, 2006, the Company amended and restated the terms and conditions of the Original Purchase Agreement (the
"Amended and Restated Agreement"); 

        WHEREAS, the Company and the Purchaser desire to amend and restate the terms and conditions of the Amended and Restated Agreement as
provided for in this Agreement; 

        WHEREAS, the Company desires to sell, and the Purchaser desires to acquire, in a private placement (the
"Placement") an aggregate of 6,500,000 warrants (the "Placement Warrants"), each of which are
exercisable for one share of common stock of the Company, which Placement Warrants will be substantially identical to the warrants forming part of the units being issued to the public in a public
offering (the "IPO") pursuant to the terms and conditions set forth in the registration statement on Form S-1 (as the same may be amended from
time to time, the "Registration Statement") which was initially filed with the Securities and Exchange Commission (the
"SEC") on August 11, 2006, except that (x) the Placement Warrants and the shares of common stock underlying the Placement Warrants will
not be registered under the Securities Act of 1933, as amended (the "Securities Act") and (y) the Placement Warrants will not be subject to
redemption; and 

        WHEREAS, the Placement Warrants will be governed by the Warrant Agreement and the Placement Warrants will be entitled to the benefits of a
Registration Rights Agreement, each of which will be filed as an exhibit to the Registration Statement. 

        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 WARRANTS. The Purchaser hereby agrees, directly or through its nominees, to purchase 6,500,000 Placement Warrants at a
purchase price of $1.00 per Placement Warrant for an aggregate purchase price of $6,500,000 (the "Purchase Price").

	2.
	CLOSING. The closing of the purchase and sale of the Placement Warrants (the "Closing")
will take place at such time and place as the parties may agree (the "Closing Date"), but will in no event be later than the date on which the SEC
declares the Registration Statement effective (the "Effective Date"). On the Effective Date, the Purchaser 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 the Purchase Price into the trust account described in the Registration
Statement (the "Trust Account"). The certificates for the Placement Warrants shall be delivered to the Escrow Agent, to be defined in the Stock Escrow
Agreement to be filed as an exhibit to the Registration Statement, promptly after the closing of the IPO.

	3.
	REPRESENTATIONS AND WARRANTIES OF THE PURCHASER. The Purchaser hereby represents and warrants to the Company that:

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

	b.
	The
Placement 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.

	c.
	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.

	4.
	WAIVER OF CLAIMS; INDEMNIFICATION. The Purchaser hereby waives any and all rights to assert any present or future claims, including any
right of rescission, against the Company or Deutsche Bank Securities Inc. ("DB") with respect to its purchase of the Placement Warrants, and the
Purchaser agrees to indemnify and hold the Company, DB and the other underwriters in the IPO harmless from all losses, damages or expenses that relate to claims or proceedings brought against the
Company, DB or such other underwriters by the Purchaser of the Placement Warrants or its transferees, heirs, assigns or any subsequent holders of the Placement Warrants in respect of the transactions
contemplated hereby.

	5.
	VOTING OF SHARES; WAIVER OF CONVERSION RIGHTS; LOCK-UP. In connection with the vote required to consummate a Business Combination (as
defined in the Company's Certificate of Incorporation), the Purchaser shall vote any shares of common stock acquired by the Purchaser in connection with the exercise of any of the Placement Warrants
purchased hereby in accordance with the majority of the shares of common stock voted by the Company's public stockholders, and therefore waives any conversion rights it might have with respect to such
shares of common stock. The Purchaser hereby waives any right to receive distributions with respect to the any shares of common stock acquired by the Purchaser in connection with the exercise of any
of the Placement Warrants purchased hereby upon the liquidation of the Trust Account, or as part of the Company's plan of dissolution and distribution in the event the Company fails to consummate a
Business Combination by the Termination Date (each as defined in the Company's Certificate of Incorporation). In the event that the Company fails to consummate a Business Combination by the
Termination Date, the Purchaser shall vote any shares of common stock acquired by the Purchaser in connection with the exercise of any of the Placement Warrants purchased hereby in favor of any plan
of dissolution and liquidation recommended by the Company's board of directors. The Placement Warrants will be subject to a lock-up as referred to in the Registration Statement. Subject to certain
limited exceptions to be set forth therein, the Placement Warrants will not be transferable until one year following the closing of a Business Combination.

	6.
	WAIVER OF CLAIMS AGAINST TRUST ACCOUNT. The Purchaser hereby waives any and all right, title, interest or claim of any kind in or to any
distributions from the Trust Account with respect to any shares of common stock acquired by the Purchaser in connection with the exercise of the Placement Warrants purchased hereby pursuant to this
Agreement ("Claim") and hereby waives any Claim the undersigned may have in the future as a result of, or arising out of, any contracts or agreements
with the Company and will not seek recourse against the Trust Account for any reason whatsoever, other than with respect to any shares of common stock purchased in the IPO or in the aftermarket held
directly or indirectly by it.

	7.
	REGISTRATION RIGHTS. Purchaser (and its assignees and transferees) shall be granted certain registration rights pursuant to a
Registration Rights Agreement reasonably acceptable to the Purchaser and the Company. If the Company does not complete a Business Combination, or if the Company is unable to deliver registered shares
of common stock to the Purchaser pursuant to the Registration Rights Agreement upon exercise of the Placement Warrants during the exercise period therefor, there will be no cash settlement of the
Placement Warrants and the Placement Warrants will expire worthless.

	8.
	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. 

	9.
	GOVERNING LAW. This Agreement shall be governed by and construed in accordance with the internal laws of the State of New York. The
parties agree that any action brought by either party to interpret or enforce any provision of this Agreement shall be brought in, and each party agrees to, and does hereby, submit to the jurisdiction
and venue of, the appropriate state or federal court for the district encompassing the Company's principal place of business. 

[signatures
on following page] 

        IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first written above. 

	 	 	INFORMATION SERVICES GROUP, INC.
	

 	
 	

By:	

/s/  MICHAEL CONNORS      

	 	 	 	Name:	Michael Connors
	 	 	 	Title:	Chief Executive Officer
	

 	
 	
OENOKE PARTNERS, LLC
	

 	
 	

By:	

/s/  MICHAEL CONNORS      

	 	 	 	Name:	Michael Connors
	 	 	 	Title:	Managing Member

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SECOND AMENDED AND RESTATED PRIVATE PLACEMENT PURCHASE AGREEMENTExhibit 10.7

 

INVESTMENT MANAGEMENT
TRUST AGREEMENT

 

This Agreement is made as of January     ,
2007 by and between Information Services Group, Inc. (the “Company”)
and Continental Stock Transfer & Trust Company (the “Trustee”).

 

WHEREAS, the Company’s Registration Statement on Form S-1,
as amended, No. 333-136536 (together with any registration statement filed
pursuant to Rule 462(b), the “Registration Statement”), for its
initial public offering of securities (the “IPO”) has been declared
effective as of the date hereof by the Securities and Exchange Commission (the “Effective
Date”); and

 

WHEREAS, Deutsche Bank Securities Inc., Morgan Joseph &
Co. Inc. and Lazard Capital Markets, LLC are acting as the underwriters (the “Underwriters”)
in the IPO; and

 

WHEREAS, the Company has completed a private placement
of 6,500,000 securities for an aggregate purchase price of $6,500,000 (the “Private
Placement”);and

 

WHEREAS, as described in the Registration Statement,
and in accordance with the Company’s Certificate of Incorporation, $221,650,000
(inclusive of the Deferred Discount as defined below) of the proceeds of the
IPO and the sale of securities in a private placement simultaneously with the
IPO ($254,050,000 if the Underwriters’ over-allotment option is exercised in
full) will be delivered to the Trustee to be deposited and held in a trust
account for the benefit of the Company and the holders of the Company’s common
stock, par value $0.001 per share, issued in the IPO (the amount to be
delivered to the Trustee will be referred to herein as the “Property”;
the stockholders for whose benefit the Trustee shall hold the Property will be
referred to as the “Public Stockholders,” and the Public Stockholders
and the Company will be referred to together as the “Beneficiaries”);
and

 

WHEREAS, a portion of the Property consists of
$7,250,000 (or $8,262,500 if the Underwriter’s over-allotment option is
exercised in full) attributable to the Underwriters’ discount (“Deferred
Discount”) which the Underwriters have agreed to deposit in the Trust
Account (defined below); and

 

WHEREAS, the Company and the Trustee desire to enter
into this Agreement to set forth the terms and conditions pursuant to which the
Trustee shall hold the Property.

 

IT IS AGREED:

 

1.                                       Agreements and Covenants of Trustee.  The
Trustee hereby agrees and covenants to:

 

(a)           Hold the Property in trust for the
Beneficiaries in accordance with the terms of this Agreement, in a segregated
trust account (“Trust Account”) established by the Trustee at a branch
of Deusche Bank Trust Company;

 

 

(b)           Manage, supervise and administer the
Trust Account subject to the terms and conditions set forth herein;

 

(c)           In a timely manner, upon the written
instruction of the Company, invest and reinvest the Property in any “Government
Security” within the meaning of Section 2(a)(16) of the Investment Company
Act of 1940, as amended, having a maturity of 180 days or less, or in money
market funds selected by the Company meeting the conditions specified in Rule 2a-7
promulgated under the Investment Company Act of 1940, as amended, as determined
by the Company;

 

(d)           Collect and receive, when due, all
principal and income arising from the Property, which income, net of taxes,
shall become part of the “Property,” as such term is used herein;

 

(e)           Notify the Company of all
communications received by it with respect to any Property which communications
require that notice be given by the Company or action be taken by the Company;

 

(f)            Supply any necessary information or
documents as may be requested by the Company in connection with the Company’s
preparation of the tax returns relating to income from the Property in the
Trust Account or otherwise;

 

(g)           Participate in any plan or proceeding
for protecting or enforcing any right or interest arising from the Property if,
as and when instructed by the Company in writing to do so;

 

(h)           Render to the Company and to the
Underwriters, and to such other person as the Company may instruct, monthly
written statements of the activities of and amounts in the Trust Account
reflecting all receipts and disbursements of the Trust Account;

 

(i)            Until such time as the Trustee shall
have disbursed an aggregate amount equal to $3,000,000 to the Company (net of
any expenses of the Trustee payable pursuant to Section 3(c) and any
income or other tax obligations payable by the Company relating to the income
from the Property in the Trust, the amount of such tax obligations to be
determined by the Company), the Trustee shall upon receipt from the Company of
a written request disburse to the Company, on or about the first business day
of each calendar month, the amount specified by the Company as representing
interest income earned and collected in the Trust Account (including any
amounts needed for the payment of taxes). 
Following such time as the Trustee shall have disbursed an amount equal
to $3,000,000 to the Company (net of any expenses of the Trustee payable
pursuant Section 3(c) and any income or other tax obligations
relating to the income from the Property in the Trust, the amount of such tax
obligations to be determined by the Company), if there is any income or other
tax obligation payable by the Company relating to the income from the Property
in the Trust Account as determined by the Company, then, from time to time, at
the written instruction of the Company, the Trustee shall promptly (i) disburse
to the Company by wire transfer the amount indicated by the Company as owing in
respect of such income tax obligation, to the extent there is cash available in
the Trust Account for the payment of such tax obligation, and (ii) to the
extent there is not sufficient cash in the Trust Account to 

 

2

 

pay such tax obligation, liquidate such assets held in the Trust Account
as shall be designated by the Company in writing, and disburse to the Company
by wire transfer, out of the Property in the Trust Account, the balance of the
amount indicated by the Company as owing in respect of such income tax
obligation; and

 

(j)            Commence liquidation of the Trust
Account only upon receipt of and only in accordance with the terms of a letter
(the “Termination Letter”), in a form substantially similar to that
attached hereto as either Exhibit A or Exhibit B as the
case by be, signed on behalf of the Company, and complete the liquidation of
the Trust Account and distribute the Property in the Trust Account only as
directed in the Termination Letter and the other documents referred to
therein.  The Trustee shall provide the
Underwriters with a copy of any Termination Letter and/or any other
correspondence that it receives with respect to any proposed withdrawal from
the Trust Account promptly after it receives the same.

 

2.                                       Limited Distributions Of Income From Trust Account.

 

Each of the parties hereto hereby acknowledges and
agrees that no distributions from the Trust Account shall be permitted except
in accordance with Sections 1(i) and 1(j) hereof.

 

3.                                       Agreements and Covenants of the Company.  The
Company hereby agrees and covenants to:

 

(a)           Give all instructions to the Trustee
hereunder in writing, signed by any of the following officers of the
Company:  Chief Executive Officer,
Executive Vice President or Chief Financial Officer.  In addition, except with respect to its
duties under Sections 1(i) and 1(j) above, the Trustee shall be entitled
to rely on, and shall be protected in relying on, any verbal or telephonic
advice or instruction which it in good faith believes to be given by any one of
the persons authorized above to give written instructions, provided that the
Company shall promptly confirm such instructions in writing;

 

(b)           Subject to the provisions of Section 6
hereof, hold the Trustee harmless and indemnify the Trustee from and against,
any and all expenses, including reasonable counsel’s fees and disbursements, or
losses suffered by the Trustee in connection with any action, suit or other
proceeding brought against the Trustee involving any claim, or in connection
with any claim or demand which in any way arises out of or relates to this
Agreement, the services of the Trustee hereunder, or the Property or any income
earned from investment of the Property, except for expenses and losses
resulting from the Trustee’s gross negligence or willful misconduct.  Promptly after the receipt by the Trustee of
notice of demand or claim or the commencement of any action, suit or
proceeding, pursuant to which the Trustee intends to seek indemnification under
this paragraph, it shall notify the Company in writing of such claim and the
nature, basis and amount of such claim to the extent then known (hereinafter
referred to as the “Indemnified Claim”). 
The Trustee shall have the right to conduct and manage the defense
against such Indemnified Claim, provided, that the Trustee shall obtain the
consent of the Company with respect to the selection of counsel, which consent
shall not be unreasonably withheld.  The
Company shall be entitled to participate in such action with its own counsel.

 

3

 

(c)           Pay the Trustee an initial acceptance
fee, an annual fee and a transaction processing fee for each disbursement made
pursuant to Section 1(i) as set forth on Schedule A
hereto, which fees shall be subject to modification by the parties from time to
time.  It is expressly understood that
the Property shall not be used to pay such fees and further agreed that said
transaction processing fees shall be deducted by the Trustee from the
disbursements made to the Company pursuant to Section 1(i).  The Company shall pay the Trustee the initial
acceptance fee and first year’s fee at the consummation of the IPO and
thereafter on the anniversary of the Effective Date.  The Trustee shall refund to the Company the
annual fee (on a pro rata basis) with respect to any period after the
liquidation of the Trust Fund.  The
Company shall not be responsible for any other fees or charges of the Trustee
except as set forth in this Section 3(c) and as may be provided in Section 3(b) hereof
(it being expressly understood that the Property shall not be used to make any
payments to the Trustee under such Sections);

 

(d)           Provide to the Trustee any letter of
intent, agreement in principle or definitive agreement that is executed prior
to         ,               
[18 months following date of closing] in
connection with a business combination as described in and contemplated by the
Registration Statement ( a “Business Combination”); and

 

(e)           In connection with any vote of the
Company’s stockholders regarding a Business Combination, provide to the Trustee
an affidavit or certificate of a firm regularly engaged in the business of
soliciting proxies and tabulating stockholder votes (which firm may be the
Trustee) verifying the vote of the Company’s stockholders regarding such
Business Combination.

 

4.                                       Limitations of Liability.  The
Trustee shall have no responsibility or liability:

 

(a)           to take any action with respect to
the Property, other than as directed in Section 1 hereof and the Trustee
shall have no liability to any party except for liability arising out of its
own gross negligence or willful misconduct;

 

(b)           to institute any proceeding for the
collection of any principal and income arising from, or institute, appear in or
defend any proceeding of any kind with respect to, any of the Property unless
and until it shall have received written instructions from the Company given as
provided herein to do so and the Company shall have advanced or guaranteed to
it funds sufficient to pay any expenses incident thereto;

 

(c)           to change the investment of any
Property, other than in compliance with Section 1(c);

 

(d)           to refund any depreciation in
principal of any Property;

 

(e)           to assume that the authority of any
person designated by the Company to give instructions hereunder shall not be
continuing unless provided otherwise in such designation, or unless the Company
shall have delivered a written revocation of such authority to the Trustee;

 

(f)            to the other parties hereto or to
anyone else for any action taken or omitted by it, or any action suffered by it
to be taken or omitted, in good faith and in the exercise of its 

 

4

 

own best judgment, except for its gross negligence or willful
misconduct.  The Trustee may rely
conclusively and shall be protected in acting upon any order, judgment,
instruction, notice, demand, certificate, opinion or advice of counsel
(including counsel chosen by the Trustee), statement, instrument, report or
other paper or document (not only as to its due execution and the validity and effectiveness
of its provisions, but also as to the truth and acceptability of any
information therein contained) which is believed by the Trustee, in good faith,
to be genuine and to be signed or presented by the proper person or persons.  The Trustee shall not be bound by any notice
or demand, or any waiver, modification, termination or rescission of this
agreement or any of the terms hereof, unless evidenced by a written instrument
delivered to the Trustee signed by the proper party or parties and, if the duties
or rights of the Trustee are affected, unless it shall give its prior written
consent thereto;

 

(g)           in respect of the correctness of the
information set forth in the Registration Statement or to confirm or assure
that any acquisition made by the Company or any other action taken by it is as
contemplated by the Registration Statement;

 

(h)           in respect of verifying calculations,
qualify or otherwise approve Company requests for distributions pursuant to Section 1(i).

 

5.                                       Termination.  This Agreement shall terminate as
follows:

 

(a)           If the Trustee gives written notice
to the Company that it desires to resign under this Agreement, the Company
shall use its reasonable efforts to locate a successor trustee.  At such time that the Company notifies the
Trustee that a successor trustee has been appointed by the Company and has
agreed to become subject to the terms of this Agreement, the Trustee shall
transfer the management of the Trust Account to the successor trustee,
including but not limited to the transfer of copies of the reports and
statements relating to the Trust Account, whereupon this Agreement shall
terminate; provided, however, that, in the event that the Company
does not locate a successor trustee within ninety days of receipt of the
resignation notice from the Trustee, the Trustee may submit an application to
have the Property deposited with the United States District Court for the
Southern District of New York and upon such deposit, the Trustee shall be
immune from any liability whatsoever that arises due to any actions or
omissions to act by any party after such deposit; or

 

(b)           At such time that the Trustee has
completed the liquidation of the Trust Account in accordance with the
provisions of Section 1(j) hereof, and distributed the Property in accordance
with the provisions of the Termination Letter, this Agreement shall terminate.

 

5

 

6.                                       Waiver.

 

Notwithstanding anything herein to the
contrary, the Trustee hereby waives any
and all right, title, interest or claim of any kind (“Claim”) in or
to any distribution of the Trust Account, and hereby agrees not to seek
recourse, reimbursement, payment or satisfaction for any Claim against the
Trust Account for any reason whatsoever.

 

7.                                       Miscellaneous.

 

(a)           The Company and the Trustee each
acknowledge and agree that the Trustee will follow the security procedures set
forth below with respect to funds transferred from the Trust Account.  Upon receipt of written instructions, the
Trustee will confirm such instructions with an Authorized Individual at an
Authorized Telephone Number listed on the attached Exhibit C.  The Company and the Trustee will each
restrict access to confidential information relating to such security
procedures to authorized persons.  Each party
must notify the other party immediately if it has reason to believe
unauthorized persons may have obtained access to such information, or of any
change in its authorized personnel.  In
executing funds transfers, the Trustee will rely upon account numbers or other
identifying numbers of a beneficiary, beneficiary’s bank or intermediary bank,
rather than names.  The Trustee shall not
be liable for any loss, liability or expense resulting from any error in an
account number or other identifying number, provided it has accurately
transmitted the numbers so provided to it.

 

(b)           This Agreement shall be governed by
and construed and enforced in accordance with the laws of the State of New
York, without giving effect to the conflicts of law principles thereof.  It may be executed in one or more
counterparts, each of which shall constitute an original, and together shall
constitute one and the same instrument.

 

(c)           This Agreement contains the entire
agreement and understanding of the parties hereto with respect to the subject
matter hereof.  The parties hereto may
change, waive, amend or modify any provision contained herein that may be
defective or inconsistent with any other provision contained herein only upon
the written consent of each of the parties hereto; provided that such action
shall not materially adversely affect the interests of the Public
Stockholders.  As to any claim,
cross-claim or counterclaim in any way relating to this Agreement, each party
waives the right to trial by jury.

 

(d)           The parties hereto consent to the
jurisdiction and venue of any state or federal court located in the City of New
York for purposes of resolving any disputes hereunder.

 

(e)           Any notice, consent or request to be
given in connection with any of the terms or provisions of this Agreement shall
be in writing and shall be sent by express mail or similar private courier
service, by certified mail (return receipt requested), by hand delivery or by
facsimile transmission:

 

6

 

if to the Trustee, to:

 

Continental Stock
Transfer & Trust Company

17 Battery Place

8th Floor

New York, New York  10004

Attn:  Steven G. Nelson

Fax:  (212) 509-5150

 

if to the Company, to:

 

Information Services
Group, Inc.

Four Stamford Plaza

107 Elm Street

Stamford, CT 06902

Attn: Michael P. Connors

Fax:

 

with copies to:

 

Information Services
Group, Inc.

Four Stamford Plaza

107 Elm Street

Stamford, CT 06902

Attn:  Earl H. Doppelt

Fax:

 

and

 

Kaye Scholer LLP

425 Park Avenue

New York, NY  10022

Attn: Emanuel S. Cherney, Esq.

Fax: (212) 836-8689

 

7

 

in either case with a copy on behalf of the
Underwriters to:

 

Deutsche Bank Securities
Inc.

60 Wall Street NYC 60-1001

New York, NY  10005

Attn: Syndicate Manager

Fax: (212) 797-9344

 

Morgan Joseph &
Co., Inc.

600 Fifth Avenue

New York, New York  10020

Attn:

Fax:

 

Lazard Capital Markets,
LLC

30 Rockefeller Plaza

New York, New York  10020

Attn:

Fax:

 

with a copy to:

 

Kramer Levin Naftalis &
Frankel LLP

1177 Avenue of the Americas

New York, NY  10036

Attn: Christopher S. Auguste, Esq.

Fax: (212) 715-8000

 

(f)            This Agreement may not be assigned
by the Trustee without the prior written consent of the Company.

 

(g)           Each of the Trustee and the Company
hereby represents that it has the full right and power and has been duly
authorized to enter into this Agreement and to perform its respective
obligations as contemplated hereunder. 
The Trustee acknowledges and agrees that it shall not make any claims or
proceed against the Trust Account, including by way of set-off, and shall not
be entitled to any part of the Property under any circumstance.

 

(h)           The Trustee hereby consents to the
inclusion of Continental Stock Transfer & Trust Company in the
Registration Statement and other materials relating to the IPO.

 

(i)            The Underwriters shall be third
party beneficiaries of this Agreement and this Agreement may not be modified or
changed without the prior written consent of Deutsche Bank Securities Inc.

 

[Signature page follows]

 

8

 

IN WITNESS WHEREOF, the parties have duly executed
this Investment Management Trust Agreement as of the date first written above.

 

	
   

  	
  CONTINENTAL STOCK
  TRANSFER & TRUST

  COMPANY, as Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  INFORMATION SERVICES
  GROUP, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Michael P. Connors

  
	
   

  	
   

  	
  Title:

  	
  Chairman and

  
	
   

  	
   

  	
   

  	
  Chief Executive Officer

  
					

 

9

 

EXHIBIT A

 

[LETTERHEAD OF COMPANY]

 

[INSERT DATE]

 

Continental Stock Transfer & Trust Company

17 Battery Place

8th Floor

New York, New York  10004

Attn: [                              ]

 

Re:          Trust Account No. [                      ]
Termination Letter

 

Gentlemen:

 

Pursuant to Section 1(j) of the Investment
Management Trust Agreement between Information Services Group, Inc. (the “Company”)
and Continental Stock Transfer & Trust Company (the “Trustee”),
dated as of                           ,
2007 (the “Trust Agreement”), this is to advise you that the Company has
entered into an agreement (“Business Agreement”) with                                     
(the “Target Business”) to consummate a business combination with Target
Business (a “Business Combination”) on or about [INSERT DATE].  The Company shall notify you at least 48
hours in advance of the actual date of the consummation of the Business
Combination (the “Consummation Date”). 
Capitalized terms used but not otherwise defined herein shall have the
meaning ascribed to such terms in the Trust Agreement.

 

Pursuant to Section 3(e) of the Trust
Agreement, we are providing you with [an affidavit] [a certificate] of                                     ,
which verifies the vote of the Company’s stockholders in connection with the
Business Combination.  In accordance with
the terms of the Trust Agreement, we hereby authorize you to commence
liquidation of the Trust Account to the effect that, on the Consummation Date,
all of the funds held in the Trust Account will be immediately available for
transfer to the account or accounts that the Company shall direct in writing on
the Consummation Date.

 

On the Consummation Date (i) counsel for the
Company shall deliver to you written notification that the Business Combination
has been consummated and (ii) the Company shall deliver to you written
instructions with respect to the transfer of the funds held in the Trust
Account (the “Instruction Letter”). 
You are hereby directed and authorized to transfer the funds held in the
Trust Account immediately upon your receipt of the counsel’s letter and the
Instruction Letter, in accordance with the terms of the Instruction
Letter.  In the event that certain
deposits held in the Trust Account may not be liquidated by the Consummation
Date without penalty, you will notify the Company of the same and the Company
shall direct you as to whether such funds should remain in the Trust Account
and be distributed after the Consummation Date to the Company or, with respect
to the Deferred Discount, to the Underwriters. 
Upon the distribution of all the funds in the Trust Account pursuant to
the terms hereof, the Trust Agreement shall automatically terminated and cease
to have any further force or effect.

 

 

In the event that the Business Combination is not
consummated on the Consummation Date described in the notice thereof and we
have not notified you on or before the original Consummation Date of a new
Consummation Date, then the funds held in the Trust Account shall be reinvested
as provided in the Trust Agreement on the business day immediately following
the Consummation Date as set forth in the notice.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  INFORMATION SERVICES
  GROUP, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

EXHIBIT B

 

[LETTERHEAD OF COMPANY]

 

[INSERT DATE]

 

Continental Stock Transfer & Trust Company

17 Battery Place

8th Floor

New York, New York  10004

Attn: [                                ]

 

Re:          Trust Account No. [                  ]
Termination Letter

 

Gentlemen:

 

Pursuant to paragraph 1(j) of the Investment
Management Trust Agreement between Information Services Group, Inc. (the “Company”)
and Continental Stock Transfer & Trust Company (the “Trustee”), dated
as of                           ,
2007 (the “Trust Agreement”), this is to advise you that the Company has
been dissolved due to the Company’s inability to effect a Business Combination
within the time frame specified in the Company’s prospectus relating to its
IPO.

 

Attached hereto is a certified copy of the Certificate
of Dissolution as filed with the Delaware Secretary of State.  Defined terms used but not otherwise defined
herein shall have the meaning ascribed to such terms in the Trust Agreement.

 

In accordance with the terms of the Trust Agreement,
we hereby authorize you to commence liquidation of the Trust Account.  You will notify the Company and Continental
Stock Transfer & Trust Company (the “Designated Paying Agent”)
in writing as to when all of the funds in the Trust Account will be available
for immediate transfer (the “Transfer Date”).  The Designated Paying Agent shall thereafter
notify you as to the account or accounts of the Designated Paying Agent that
the funds in the Trust Account should be transferred to on the Transfer Date so
that the Designated Paying Agent may commence distribution of such funds in
accordance with the Company’s instructions. 
You shall have no obligation to oversee the Designated Paying Agent’s
distribution of the funds.  Upon the
payment to the Designated Paying Agent of all the funds in the Trust Account,
the Trust Agreement shall terminate in accordance with the terms thereof.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  INFORMATION SERVICES
  GROUP, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

EXHIBIT C

 

AUTHORIZED INDIVIDUAL(S)
AND TELEPHONE NUMBERS

 

AUTHORIZED FOR TELEPHONE
CALL BACK

 

COMPANY:                            Information Services Group, Inc.

Four Stamford Plaza

107
Elm Street

Stamford, CT 06902

Attn: Michael P. Connors

Telephone: (203) 517-3100

 

Information
Services Group, Inc.

Four Stamford Plaza

107
Elm Street

Stamford, CT 06902

Attn: Earl H. Doppelt

Telephone: (203) 517-3100

 

Information
Services Group, Inc.

Four Stamford Plaza

107
Elm Street

Stamford, CT 06902

Attn:  Frank Martell

Telephone: (203) 517-3100

 

TRUSTEE:                                     Continental Stock
Transfer & Trust Company

17
Battery Place

8th Floor

New York, New York  10004

Attn:  Steven G. Nelson

Telephone:  (212) 845-3202

 

 

SCHEDULE A

 

Schedule of fees pursuant to Section 3(c) of
Investment Management Trust Agreement between Information Services Group, Inc.
and Continental Stock Transfer & Trust Company

 

	
  FEE ITEM

  	
   

  	
  TIME AND METHOD OF PAYMENT

  	
   

  	
  AMOUNT

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Initial
  acceptance fee

  	
   

  	
  Initial closing
  of IPO by wire transfer

  	
   

  	
  $

  	
  1,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Annual fee

  	
   

  	
  First year,
  initial closing of IPO by wire transfer; thereafter on the anniversary of the
  effective date of the IPO by wire transfer or check

  	
   

  	
  $

  	
  3,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Transaction
  processing fee for disbursements to Company under Section 1(i)

  	
   

  	
  Deduction by
  Trustee from disbursement made to Company under Section 1(i)

  	
   

  	
  $

  	
  250

  	
   

  

 

 

	
   

  	
  Agreed:

  
	
   

  	
   

  
	
  Dated: [                        
        , 200  ]

  	
   

  
	
   

  	
   

  
	
   

  	
  Information Services
  Group, Inc.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Authorized Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  Continental Stock
  Transfer & Trust Co.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Authorized Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}]]