Document:

Exhibit 10.5

 

INVESTMENT MANAGEMENT
TRUST AGREEMENT

 

This Agreement is made as
of [                  ],
2006, by and between TransTech Services Partners Inc. (the “Company”) and Continental Stock Transfer &
Trust Company (the “Trustee”).

 

WHEREAS, the Company’s
Registration Statement on Form S-1, No. 333- [                  ]
(the “Registration Statement”),
for its initial public offering of securities (“IPO”) has been declared effective as of the date hereof by the
Securities and Exchange Commission (the “Effective
Date”);

 

WHEREAS, Maxim Group LLC
(“Maxim”) is acting as the
representative of the underwriters in the IPO (the “Underwriters”);

 

WHEREAS, the Company has
agreed to issue securities in a private placement that will occur prior to the
effective date of the IPO (the “Placement”);

 

WHEREAS, Lotus Capital
LLC has agreed to lend to the Company the principal sum of $500,000 (the “Loan Proceeds”);

 

WHEREAS, as described in
the Registration Statement, and in accordance with the Company’s Certificate of
Incorporation, an aggregate of $35,100,000 ($40,363,000, if the Underwriters’
over-allotment option is exercised in full), which is comprised of (i) the
net proceeds of the IPO (except as provided in the Registration Statement); (ii) the
$1,000,000 received by the Company in exchange for its securities pursuant to
the Placement; (iii) the Loan Proceeds; and (iv) an additional $720,000
($828,000, if the Underwriters’ over-allotment option is exercised in full) of
the proceeds of the IPO, representing a portion of the Underwriters’ discount
(the “Contingent Discount”) which
Maxim has agreed to deposit in the Trust Account (as defined below), will be
delivered to the Trustee to be deposited and held in the Trust Account for the
benefit of the Company, and the holders of the Company’s common stock, par
value $.0001 per share (the “Common Stock”),
included in the units of the Company’s securities issued in the IPO (the “Units”) and Maxim and, in the event the securities offered
in the IPO are registered in Colorado, pursuant to Section 11-51-302(6) of
the Colorado Revised Statutes (the “CRS”),
a copy of which is attached hereto and made a part hereof. 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, Maxim and the Company will be referred to together as the “Beneficiaries;” 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; and

 

NOW, THEREFORE, in
consideration of the foregoing and the mutual covenants and agreements herein
contained, the parties hereto agree as follows:

 

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, including, without limitation, with respect to the Public Stockholders,
the terms of Section 11-51-302(6) of the CRS, in a segregated trust
account (“Trust Account”)
established by the Trustee at a branch of HSBC Bank USA, N.A. selected by the
Trustee;

 

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

 

(c)                                  in
a timely manner, upon the instruction of the Company, to invest and reinvest
the Property in “government securities,” within the meaning of Section 2(a)(16)
of the Investment Company Act of 1940, as amended (the “1940 Act”), having a maturity of 180 days
or less or in any open ended investment company registered under the 1940 Act
that holds itself out as a money market fund meeting the conditions of
paragraphs (c)(2), (c)(3) and (c)(4) under Rule 2a-7 promulgated
under the 1940 Act;

 

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

 

(e)                                  notify
within two business days the Company and Maxim of all communications received
by it with respect to any Property requiring action 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 for the Trust
Account or the Company;

 

(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 and/or
Maxim to do so;

 

(h)                                 render
to the Company and to Maxim, and to such other persons 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; and

 

(i)                                     commence
liquidation of the Trust Account upon receipt of the Officers’ Certificate
signed by the Chief Executive Officer and Chief Financial Officer in accordance
with the terms of a letter (the “Termination
Letter”), in a form substantially similar to that attached
hereto as Exhibit A or Exhibit B, signed on behalf of
the Company by its Chief Executive Officer and Chief Financial Officer, 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 as part of the Company’s plan of dissolution
and liquidation approved by the Company’s stockholders. The Trustee understands
and agrees that, except as provided in Section 1 (j) and Section 2
hereof, disbursements from the Trust Account shall be made only pursuant to a
duly executed Termination Letter, together with the other documents referenced
herein, including, without limitation, an independently certified oath and
report of inspector of election in respect of the stock vote in favor of the
Business Combination (as hereinafter defined). In all cases, the Trustee shall
provide Maxim with a copy of any Termination Letter, Officers’ Certificates
and/or any other correspondence that it receives with respect to any proposed
withdrawal from the Trust Account promptly after it receives same. As

 

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used in this Agreement, the term “Business Combination” means the acquisition
by the Company, through merger, capital stock exchange, asset acquisition,
stock purchase or other similar business combination with, one or more
operating business service providers, as more fully described in the prospectus
forming a part of the Registration Statement; and

 

(j)                                     as
of the date 18 months from the date of this Agreement (the “LOI Termination Date”) (or 24 months from
the date hereof, in the event the Company has executed a Letter of Intent
(defined below) prior to the LOI Termination Date but failed to consummate a
Business Combination (“Second Termination
Date”)), commence liquidation of the Trust Account. The Trustee,
upon consultation with the Company and Maxim, shall deliver a notice to Public
Stockholders of record as of the LOI Termination Date or Second Termination
Date, whichever the case may be, by U.S. mail or via the Depository Trust
Company (“DTC”), within five days
of the LOI Termination Date or Second Termination Date, to notify the Public
Stockholders of such event and take such other actions as it may deem
necessary to inform the Beneficiaries. Following the requisite approval of
the Company’s stockholders, the Trustee shall deliver to each Public
Stockholder its ratable share of the Property against satisfactory evidence of
delivery of the stock certificates by the Public Stockholders to the Company
through DTC, its Deposit Withdraw Agent Commission (DWAC) system or as
otherwise presented to the Trustee. Notwithstanding the foregoing, if the
Trustee receives a bona fide, executed letter of intent, agreement in principle
or engagement letter (a “Letter of Intent”)
for a Business Combination prior to the LOI Termination Date accompanied by an
Officers’ Certificate as described in Section 3(e) hereof, then the
Trustee shall forego or suspend any liquidation of the Trust Account until the
earlier of a Business Combination or the Second Termination Date.

 

2.                                       Limited
Distributions of Income on Property.

 

(a)                                  Upon
receipt by the Trustee of an Officers’ Certificate signed by the Chief
Executive Officer and Chief Financial Officer of the Company certifying as true,
accurate and complete a copy of any tax return required to be filed on behalf
of the Trust Account in respect of income earned on the Property held therein,
the Trustee shall deliver to the Company for submission to the appropriate
taxing authority a check made payable to the order of such taxing authority in
the amount required to pay such taxes; provided, however,
that in no event shall the aggregate amount of all checks issued to taxing
authorities pursuant to this Section 2(a) exceed the income in
respect of which such taxes are due and owing.

 

(b)                                 On
the last day of each month commencing [                  ],
2006 prior to the LOI Termination Date (or, if applicable, the Second
Termination Date), the Trustee shall pay to Lotus Capital LLC, out of the
interest earned on the Trust Account, an amount equal to [                          ]
(representing 1/18th of the Loan Proceeds), plus accrued interest on
the unpaid principal balance of the Loan Proceeds at the rate of 4% per annum,
until the full amount of the Loan Proceeds, plus accrued interest thereon as
aforesaid, shall be repaid to Lotus Capital LLC.

 

(c)                                  Upon
one or more written requests from the Company, which may be given not more
than once in any calendar month period, the Trustee shall distribute to the
Company interest earned on the Trust Account, net of taxes payable, up to a
maximum of $600,000 ($800,000, if the Underwriters’ over-allotment option is
exercised in full). The

 

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distributions requested by the Company may be for
any amount, provided that (i) in the aggregate, all distributions under
this Section 2(c) may not exceed $600,000 ($800,000, if the
Underwriters’ over-allotment option is exercised in full), and (ii) such
distributions may only be made if and to the extent that interest has been
earned on the amount initially deposited into the Trust Account.

 

(d)                                 Upon
receipt by the Trustee of a written instruction from the Company for
distributions from the Trust Account in connection with a plan of dissolution
and distribution, accompanied by an Officers’ Certificate signed by the Chief
Executive Officer and Chief Financial Officer of the Company certifying as
true, accurate and complete (i) a statement of the amount of actual
expenses incurred or, where known with reasonable certainty, imminently to be
incurred by the Company in connection with its dissolution and distribution,
including any fees and expenses incurred or imminently to be incurred by the
Company in connection with seeking stockholder approval of the Company’s plan
of dissolution and distribution, (ii) any amounts due to pay creditors or
required to reserve for payment to creditors, and (iii) the sum of (i) and
(ii), the Trustee shall distribute to the Company an amount, as directed by the
Company in the instruction letter, up to the sum of (i) and (ii) as
indicated in the instruction letter.

 

(e)                                  Except
as provided in Sections 1(i), 1(j), 2(a), 2(b), 2(c) and 2(d) above,
no other distributions from the Trust Account shall be permitted.

 

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

 

(a)                                  to
provide all instructions to the Trustee hereunder in writing, signed by the
Company’s Chief Executive Officer and Chief Financial Officer, with a copy to
Maxim. In addition, except with respect to its duties under paragraph 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 and/or Maxim shall promptly
confirm such instructions in writing; and

 

(b)                                 to
hold the Trustee harmless and indemnify the Trustee from and against any and
all expenses, including reasonable counsel fees and disbursements, or loss
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 (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 Trustee may not agree to
settle any Indemnified Claim without the prior written consent of the Company.
The Company may participate in such action with its own counsel;

 

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(c)                                  to
pay the Trustee an initial acceptance fee of $1,000 and an annual fee of $3,000
(it being expressly understood that the Property shall not be used to pay such
fee). 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 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 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 section);

 

(d)                                 that,
in the event that the Company completes a Business Combination and the Trust
Account is liquidated in accordance with Section 1(i) hereof, the
Trustee or another independent party designated by Maxim shall act as the
inspector of election to certify the results of the stockholder vote;

 

(e)                                  that
the Officers’ Certificate referenced in Sections 1(i) and (j) hereof shall
require the Chief Executive Officer and Chief Financial Officer of the Company
to each certify the following (wherever applicable): (1) prior to the LOI
Termination Date, the Company has entered into a bona fide Letter of Intent
with a target business; and/or (2) prior to the LOI Termination Date, the
Company has entered into a Business Combination with a target business, the
terms of which are consistent with the requirements set forth in the
Registration Statement; and/or (3) prior to the Second Termination Date,
the Company has entered into a Business Combination with a target business, the
terms of which are consistent with the requirements set forth in the
Registration Statement; and (4) the Board of Directors (the “Board”), has approved (where applicable): (i) the
Business Combination; and/or (ii) the Letter of Intent;

 

(f)                                    in connection with any vote of the Company’s
stockholders regarding a Business Combination, to 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;

 

(g)                                 in connection with any vote of the Company’s
stockholders regarding a dissolution and liquidation, to provide to the Trustee
an affidavit or certificate of a firm regularly engaged in the business of
tabulating stockholder votes (which firm may be the Trustee) verifying the
vote of the Company’s stockholders regarding such dissolution and liquidation;
and

 

(h)                                 within five business days after Maxim’s
over-allotment option (or any unexercised portion thereof) expires or is
exercised in full, to provide the Trustee notice in writing (with a copy to
Maxim) of the total amount of the Contingent Discount, which shall in no event
be less than $720,000, less any amounts of Contingent Discount returned to
stockholders of the Company who have elected to convert their shares into approximately
$5.85 per share from the Trust Account in connection with a Business
Combination.

 

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

 

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

 

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

 

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

 

(f)                                    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 own best judgment, except for its gross negligence or willful
misconduct. The Trustee may rely conclusively on, and shall be protected
in acting upon, any order, 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)                                 verify
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, unless an
officer of the Trustee has actual knowledge thereof, written notice of such
event is sent to the Trustee or as otherwise required under Section 1(i) hereof;
and

 

(h)                                 pay
any taxes on behalf of the Trust Account (it being expressly understood that
the Trustee’s sole obligation with respect to taxes shall be to have checks
with respect thereto as provided for by Section 2(a) hereof).

 

5.                                       Certain
Rights Of Trustee.

 

(a)                                  Before
the Trustee acts or refrains from acting, it may require an Officers’
Certificate or opinion of counsel or both. The Trustee shall not be liable for
any action it takes or

 

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omits to take in good faith in reliance on such
Officers’ Certificate or opinion of counsel. The Trustee may consult with
counsel and the advice of such counsel or any opinion of counsel shall be full
and complete authorization and protection from liability in respect of any
action taken, suffered or omitted by it hereunder in good faith and in reliance
thereon.

 

(b)                                 The
Trustee may act through its attorneys and agents and shall not be
responsible for the misconduct or negligence of any agent appointed with due
care.

 

(c)                                  The
Trustee shall not be liable for any action it takes or omits to take in good
faith that it believes to be authorized or within the rights or powers
conferred upon it by this Agreement.

 

(d)                                 The
Trustee shall not be responsible for and makes no representation as to the
validity or adequacy of this Agreement, and it shall not be accountable for the
Company’s use of the proceeds from the Trust Account. Notwithstanding the
effective date of this Agreement or anything to the contrary contained in this
Agreement, the Trustee shall have no liability or responsibility for any act or
event relating to this Agreement or the transactions related thereto which
occurs prior to the date of this Agreement, and shall have no contractual
obligations to the Beneficiaries until the date of this Agreement.

 

6.                                       No
Right of Set-Off. The Trustee waives any right of set-off or any right,
title, interest or claim of any kind that the Trustee may have against the
Property held in the Trust Account. In the event that the Trustee has a claim
against the Company under this Agreement, including, without limitation, under Section 3(b),
the Trustee will pursue such claim solely against the Company and not against
the Property held in the Trust Account.

 

7.                                       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 during which time the Trustee shall continue to act in
accordance with the terms of this Agreement. 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, 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 the Company does not locate a
successor trustee within 90 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;

 

(b)                                 at
such time that the Trustee has completed the liquidation of the Trust Account
in accordance with the provisions of Section 1(i) hereof, and
distributed the Property in accordance with the provisions of the Termination
Letter, this Agreement shall terminate except with respect to Section 3(b) hereof;
or

 

7

 

(c)                                  on
such date after [                  ],
200   when the Trustee deposits the Property with the United States
District Court for the Southern District of New York in the event that, prior
to such date, the Trustee has not received a Termination Letter from the
Company pursuant to Section 1(i) or (j) hereof.

 

8.                                       Miscellaneous.

 

(a)                                  The
Company and the Trustee each acknowledge 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
provided.

 

(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 conflict of laws.
It may be executed in several counterparts, each one of which shall
constitute an original, and together shall constitute one instrument. Facsimile
signatures shall constitute original signatures for all purposes of this
Agreement.

 

(c)                                  This
Agreement contains the entire agreement and understanding of the parties hereto
with respect to the subject matter hereof. This Agreement or any provision
hereof may only be changed, amended or modified by a writing signed by
each of the parties hereto; provided, however, that no such change, amendment
or modification (other than to correct a typographical error or similar
technical error) may be made to Sections 1(i), 1(j), 2(a), 2(b), 2(c), 2(d) or
2(e) hereof without the consent of [    %] of the
Public Stockholders, it being the specific intention of the parties hereto that
each Public Stockholder is and shall be a third-party beneficiary of this Section 8(c) with
the same right and power to enforce this Section 8(c), the “consent of [    %]
of the Public Stockholders” shall mean receipt by the Trustee of a certificate
from an entity certifying that (i) such entity regularly engages in the
business of serving as inspector of elections for companies whose securities
are publicly traded, and (ii) either (a) [    %]
of the Public Stockholders of record as of a record date established in
accordance with Section 213(a) of the Delaware General Corporation
Law, as amended (the “DGCL”), have
voted in favor of such amendment or modification, or (b) [    %]
of the Public Stockholders of record as of a record date established in
accordance with Section 213(b) of the DGCL has delivered to such
entity a signed writing approving such amendment or modification. Maxim, who,
along with the other Underwriters, the parties specifically agree, are and
shall be third party beneficiaries for purposes of this Agreement; and provided
further, any amendment to Section 1(j) shall require the consent of all 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.

 

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(d)                                 The
parties hereto consent to the jurisdiction and venue of any state or federal
court located in the State and County of New York for purposes of resolving any
disputes hereunder. The parties hereto irrevocably submit to such jurisdiction,
which jurisdiction shall be exclusive, and hereby waive any objection to such
exclusive jurisdiction and that such courts represent an inconvenient forum.

 

(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:

 

if to the Trustee, to:

 

Continental Stock Transfer &
Trust Company

17 Battery Place

New York, New York 10004

Attn:    Steven G. Nelson

Fax No.: (212) 509-5150

 

if to the Company, to:

 

TransTech Services Partners
Inc.

445 Fifth Avenue, Suite 30H

New York, New York 10016

Attn: Chief Executive Officer

Fax No.:

 

in either case with a copy
to:

 

Maxim Group LLC

405 Lexington Avenue

New York, New York 10174

Attn: Clifford A. Teller, Managing Director

Fax No.: (212) 895-3783

 

and

 

Katten Muchin Rosenman LLP

575 Madison Avenue

New York, New York 10022

Attn: Howard S. Jacobs, Esq.

Fax No.: (212) 894-5505

 

and

 

Ellenoff Grossman &
Schole LLP

370 Lexington Avenue

 

9

 

New York, New York 10017

Attn: Douglas S. Ellenoff, Esq.

Fax No.: (212) 370-7889

 

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

 

(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 funds in the
Trust Account under any circumstance.

 

(Remainder of document intentionally
left blank. Signature page to follow.)

 

10

 

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:

  	
  Steve Nelson

  
	
   

  	
   

  	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TRANSTECH SERVICES
  PARTNERS INC.

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Suresh Rajpal

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Chief Executive Officer

  

 

11

 

EXHIBIT A

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer & Trust
Company

17 Battery Place

New York, New York 10004

 

Attn:      [                        ]

 

Re:                               Trust Account No. [ ] Termination Letter

 

 

Gentlemen:

 

Pursuant to Section 1(i) of
the Investment Management Trust Agreement between TransTech Services Partners
Inc. (the “Company”) and Continental
Stock Transfer & Trust Company (the “Trustee”),
dated as of [                  ],
2006 (the “Trust Agreement”), this
is to advise you that the Company has entered into an agreement (the “Business Agreement”) with [                  ]
(“Target Business”) to complete a
business combination with Target Business (the “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”) and shall provide you with an Officers’
Certificate in accordance with Sections 1(i) and 2(e) of the Trust
Agreement. Capitalized terms used herein and not otherwise define shall have
the meaning ascribed to them in the Trust Agreement.

 

In accordance with
paragraph [      ] of [      ]
of the Amended and Restated Certificate of Incorporation of the Company, the
Business Combination has been approved by the stockholders of the Company and
by the Public Stockholders holding a majority of the IPO Shares, and Public Stockholders
holding less than 20% of the IPO Shares have voted against the Business
Combination and given notice of exercise of their conversion rights described
in paragraph [      ] of Article [      ]  of the Amended and Restated Certificate of
Incorporation of the Company. Pursuant to Section 3(f) 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 funds
held in the Trust Account will be immediately available for transfer to the account
or accounts that the Company and Maxim shall direct in writing on the
Consummation Date.

 

On the Consummation Date,
(i) counsel for the Company shall deliver to you written notification that
(a) all of the conditions to closing of the Business Combination have been

 

12

 

satisfied and the
closing date for such Business Combination has been scheduled pursuant to the
terms of the Business Agreement, and (b) the provisions of Section 11-51-302(6) and
Rule 51-3.4 of the CRS have been met, to the extent applicable; (ii) the
Company shall deliver along with the oath and report of inspector of election
certified by an independent inspector which may be the Trustee or as
otherwise appointed by Maxim (collectively, the “Report”); and (iii) the Company and Maxim shall deliver
to you joint written instructions with respect to the transfer of the funds,
including the Contingent Discount, held in the Trust Account (“Instructions”). You are hereby directed and
authorized to transfer the funds held in the Trust Account immediately upon
your receipt of the counsel’s letter, the Report, evidence of delivery of the
Stock Certificates, the Officers’ Certificate and the Instructions in
accordance with the terms of the Instructions. Notwithstanding the foregoing,
upon verification of receipt by you of the Instructions, we hereby agree and
acknowledge that the Property in the Trust Account shall be distributed as
follows: (1) first, to Maxim by wire transfer (or as otherwise directed by
Maxim) in immediately available funds, the aggregate amount of $720,000 ($828,000,
if the Underwriters’ over-allotment option has been exercised in full), plus
any interest accrued thereon; and (2) thereafter, to any other Beneficiary
in accordance with the terms of the Instructions. 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 and Maxim of the
same and, if the amount set forth in sub-clause (1) shall not have been
paid in full, Maxim and the Company shall issue joint written instructions
directing you as to whether such funds should remain in the Trust Account and
be distributed after the Consummation Date to the Company and/or Maxim. Upon
the distribution of all the funds in the Trust Account pursuant to the terms
hereof, the Trust Agreement shall be terminated.

 

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,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TRANSTECH SERVICES
  PARTNERS INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Suresh
  Rajpal, Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  LM
  Singh, Chief Financial Officer

  

 

13

 

EXHIBIT B

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer & Trust
Company

17 Battery Place

New York, New York 10004

 

Attn:       [                   ]

 

Re:                               Trust Account No. [ ] Termination Letter

 

Gentlemen:

 

Pursuant to Section 1(i) of
the Investment Management Trust Agreement between TransTech Services Partners
Inc. (the “Company’) and
Continental Stock Transfer & Trust Company (the ‘Trustee”), dated as of [                  ],
2006 (the ‘Trust Agreement”), this
is to advise you that the Board of Directors and stockholders of the Company have
voted to dissolve the Company and liquidate the Trust Account (as defined in
the Trust Agreement). Attached hereto is a copy of the minutes of the meeting
of the Board of Directors of the Company relating thereto, certified by the
Secretary of the Company as true and correct and in full force and effect.

 

In accordance with the
terms of the Trust Agreement, we hereby (a) certify to you that the
provisions of Section 11-51-302(6) and Rule 51-3.4 of the
Colorado Revised Statutes have been met, and (b) authorize you to commence
liquidation of the Trust Account as a part of the Company’s plan of
dissolution and distribution. In connection with this liquidation, you are
hereby authorized to establish a record date for the purposes of determining
the stockholders of record entitled to receive their per share portion of the
Trust Account. The record date shall be within ten (10) days of the
liquidation date, or as soon as thereafter as is practicable. You will notify
the Company and                          
(“Designated Paying Agent”) in
writing as to when all of the funds in the Trust Account will be available for
immediate transfer (“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 terms of
the Trust Agreement and the Company’s Certificate of Incorporation,

 

14

 

as amended. Upon
the payment of all the funds in the Trust Account, the Trust Agreement shall be
terminated and the Trust Account closed.

 

	
   

  	
   

  	
  Very truly yours,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TRANSTECH SERVICES PARTNERS INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Suresh
  Rajpal, Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  LM
  Singh, Chief Financial Officer

  

 

15

 

EXHIBIT C

 

	
  AUTHORIZED INDIVIDUAL(S)

  	
   

  	
  AUTHORIZED

  
	
  FOR TELEPHONE CALL BACK

  	
   

  	
  TELEPHONE NUMBER(S)

  
	
   

  	
   

  	
   

  
	
  Company:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  TransTech Services
  Partners Inc.

  445 Fifth Avenue, Suite 30H

  New York, New York 10016

  Attn: Suresh Rajpal, Chief Executive Officer

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Trustee:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Continental Stock Transfer &
  Trust Company

  17 Battery Place

  New York, New York 10004

  Attn:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Underwriters:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Maxim Group LLC

  405 Lexington Avenue

  New York, New York 10174

  Attn:

  	
   

  	
   

  

 

16Exhibit
10.6

 

SECURITIES ESCROW
AGREEMENT

 

THIS SECURITIES ESCROW AGREEMENT, dated as of [                ],
2006 (this “Agreement”), by and
among TRANSTECH SERVICES PARTNERS INC., a Delaware corporation (the “Company”), the undersigned parties listed
under Initial Stockholders on the signature page hereto (collectively, the “Initial Stockholders”) and CONTINENTAL
STOCK TRANSFER & TRUST COMPANY, a New York corporation (the “Escrow Agent”).

 

WHEREAS, the Company has entered into an Underwriting
Agreement, dated [                ],
2006 (“Underwriting Agreement”),
with Maxim Group LLC (“Maxim”)
acting as representative of the several underwriters (collectively, the “Underwriters”), pursuant to which, among
other matters, the Underwriters have agreed to purchase up to 6,900,000 units
(the “Units”) of the Company’s
securities.  Each Unit consists of one share of the Company’s common stock,
par value $0.0001 per share, and one Warrant, each Warrant to purchase one
share of Common Stock, all as more fully described in the Company’s final
Prospectus, dated [                ],
2006 (the “Prospectus”),
comprising part of the Company’s Registration Statement on Form S-1
(File No. 333-[                ])
under the Securities Act of 1933, as amended (the “Registration Statement”), declared effective on [                ],
2006 (the “Effective Date”);

 

WHEREAS, the Initial Stockholders have agreed as a
condition of the sale of the Units to deposit those securities of the Company
owned by them which are set forth opposite their respective names on Exhibit
A attached hereto (collectively, the “Escrow
Securities”), in escrow with the Escrow Agent as hereinafter
provided; and

 

WHEREAS, the Company and the Initial Stockholders
desire that the Escrow Agent accept the Escrow Securities, in escrow, to be
held and disbursed as hereinafter provided.

 

NOW, THEREFORE, in consideration of the premises and
the mutual covenants, representations and warranties contained herein and
intending to be legally bound hereby, the parties hereto agree as follows:

 

1.             Appointment of Escrow Agent. 
The Company and the Initial Stockholders hereby appoint the Escrow Agent to act
in accordance with and subject to the terms of this Agreement, and the Escrow
Agent hereby accepts such appointment and agrees to act in accordance with and
subject to such terms.

 

2.             Deposit of Escrow Securities. 
On or before the Effective Date, each of the Initial Stockholders shall deliver
to the Escrow Agent certificates representing his or her respective Escrow Securities,
to be held and disbursed subject to the terms and conditions of this
Agreement.  Each Initial Stockholder acknowledges that the certificate
representing his or her Escrow Securities is legended to reflect the deposit of
such Escrow Securities under this Agreement.

 

3.             Disbursement of the Escrow
Securities.

 

3.1           Except as set forth herein and in Section
3.2 below, the Escrow Agent shall hold the Escrow Securities until the earlier
of (a) the first anniversary of the consummation of a Business Combination (as
such term is defined in the Certificate of Incorporation of the

 

 

Company) by the Company and (b) the third
anniversary of the Effective Date (the “Escrow
Period”), on which date it shall, upon written instructions from
each Initial Stockholder, disburse each of the Initial Stockholder’s Escrow
Securities to such Initial Stockholder; provided, however, that if the Escrow
Agent is notified by the Company pursuant to Section 6.7 hereof that the
Company is being liquidated at any time during the Escrow Period, then the
Escrow Agent shall promptly destroy the certificates representing the Escrow
Securities. The Escrow Agent shall have no further duties hereunder after the
disbursement or destruction of the Escrow Securities in accordance with this
Section 3.

 

3.2           Upon written instructions from the
Company advising that a Business Combination has been consummated and that one
or more of the public stockholders has determined to exercise the right to
redeem their shares for cash described in the Registration Statement, the
Escrow Agent will release and deliver to the Company for cancellation on a pro
rata basis certificates representing that number of escrow shares of Common
Stock (not to exceed                 
in the aggregate) which is equal to the quotient obtained by dividing (i) the
total number of shares redeemed by (ii)         .
By way of illustration, for each         
shares redeemed, up to                 
shares, one share of Common Stock will be surrendered for cancellation. Such
instructions set forth both the number of shares the Company is redeeming and
the number of shares of Common Stock to be delivered to the Company for
cancellation.

 

4.             Rights of Initial Stockholders
in Escrow Securities.

 

4.1           Voting Rights as a Stockholder. 
Subject to the terms of the Insider Letter described in Section 4.4
hereof, and except as herein provided, the Initial Stockholders shall retain
all of their rights as stockholders of the Company during the Escrow Period,
including, without limitation, the right to vote their Escrow Securities.

 

4.2           Dividends and Other Distributions
in Respect of the Escrow Securities.  During the Escrow Period, all
dividends payable in cash with respect to the Escrow Securities shall be paid
to the Initial Stockholders, but all dividends payable in stock or other
non-cash property (the “Non-Cash Dividends”)
shall be delivered to the Escrow Agent to hold in accordance with the terms
hereof.  As used herein, the term “Escrow Securities” shall be deemed to
include the Non-Cash Dividends distributed thereon, if any.

 

4.3           Restrictions on Transfer . 
Except as set forth in Section 3.2, during the Escrow Period, no sale, transfer
or other disposition may be made of any or all of the Escrow Securities except,
with respect to (a) an entity that is an Initial Stockholder, to any person or entity
controlling, controlled by, or under common control with, such Initial
Stockholder, and (b) with respect to an Initial Stockholder who is an
individual, (i) to an entity controlled by such Initial Stockholder or to a
member of Initial Stockholder’s immediate family or to a trust, the beneficiary
of which is an Initial Stockholder or a person related to an Initial
Stockholder’s by blood, marriage or adoption, or (ii) by virtue of the laws of
descent and distribution upon death of any Initial Stockholder; provided, however, that such permissive
transfers may be implemented only upon the respective transferee’s written
agreement to be bound by the terms and conditions of this Agreement and of the
Insider Letter signed by the Initial Stockholder transferring the Escrow
Securities.  During the Escrow Period, no Initial Stockholder shall

 

 

pledge or grant a
security interest in his, her or its Escrow Securities or grant a security
interest in his, her or its rights under this Agreement.

 

4.4           Insider Letters.  Each of
the Initial Stockholders has executed a letter agreement with Maxim and the
Company, dated as indicated on Exhibit A hereto, and which is filed
as an exhibit to the Registration Statement (“Insider
Letter”), respecting the rights and obligations of such Initial
Stockholder in certain events, including, but not limited to, the liquidation
of the Company.

 

5.             Concerning the Escrow Agent.

 

5.1           Good Faith Reliance.  The
Escrow Agent shall not be liable for any action taken or omitted by it in good
faith and in the exercise of its own best judgment, and may rely conclusively
and shall be protected in acting upon any order, notice, demand, certificate,
opinion or advice of counsel (including counsel chosen by the Escrow Agent),
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 Escrow Agent to be genuine and to be signed or presented by the
proper person or persons.  The Escrow Agent shall not be bound by any
notice or demand, or any waiver, modification, termination or rescission of
this Agreement unless evidenced by a writing delivered to the Escrow Agent
signed by the proper party or parties and, if the duties or rights of the
Escrow Agent are affected, unless it shall have given its prior written consent
thereto.

 

5.2           Indemnification.  The
Escrow Agent shall be indemnified and held harmless by the Company from and
against any expenses, including counsel fees and disbursements, or loss
suffered by the Escrow Agent in connection with any action, suit or other
proceeding involving any claim which in any way, directly or indirectly, arises
out of or relates to this Agreement, the services of the Escrow Agent
hereunder, or the Escrow Securities held by it hereunder, other than expenses
or losses arising from the gross negligence or willful misconduct of the Escrow
Agent.  Promptly after the receipt by the Escrow Agent of notice of any
demand or claim or the commencement of any action, suit or proceeding, the
Escrow Agent shall notify the other parties hereto in writing.  In the
event of the receipt of such notice, the Escrow Agent, in its sole discretion,
may commence an action in the nature of interpleader in an appropriate court to
determine ownership or disposition of the Escrow Securities or it may deposit
the Escrow Securities with the clerk of any appropriate court or it may retain
the Escrow Securities pending receipt of a final, non-appealable order of a
court having jurisdiction over all of the parties hereto directing to whom and
under what circumstances the Escrow Securities are to be disbursed and
delivered.  The provisions of this Section 5.2 shall survive in the
event the Escrow Agent resigns or is discharged pursuant to Sections 5.5 or 5.6
below.

 

5.3           Compensation.  The Escrow
Agent shall be entitled to reasonable compensation from the Company for all
services rendered by it hereunder.  The Escrow Agent shall also be
entitled to reimbursement from the Company for all expenses paid or incurred by
it in the administration of its duties hereunder including, but not limited to,
all legal counsel and agents’ fees and disbursements and all taxes or other
governmental charges.

 

 

5.4           Further Assurances.  From
time to time, on and after the date hereof, the Company and the Initial
Stockholders shall deliver, or cause to be delivered, to the Escrow Agent such
further documents and instruments and shall do or cause to be done such further
acts as the Escrow Agent shall reasonably request to carry out more effectively
the provisions and purposes of this Agreement, to evidence compliance herewith
or to assure itself that it is protected in acting hereunder.

 

5.5           Resignation.  The Escrow
Agent may resign at any time and be discharged from its duties as escrow agent
hereunder by its giving the other parties hereto written notice and such
resignation shall become effective as hereinafter provided.  Such
resignation shall become effective at such time that the Escrow Agent shall
turn over to a successor escrow agent appointed by the Company, the Escrow
Securities held hereunder.  If no new escrow agent is so appointed within
the sixty (60) day period following the giving of such notice of resignation,
the Escrow Agent may deposit the Escrow Securities with any court it reasonably
deems appropriate.

 

5.6           Discharge of Escrow Agent. 
The Escrow Agent shall resign and be discharged from its duties as escrow agent
hereunder if so requested in writing at any time by the Company and a majority
of the Initial Stockholders, jointly; provided, however, that such resignation
shall become effective only upon acceptance of appointment by a successor
escrow agent as provided in Section 5.5.

 

5.7           Liability. 
Notwithstanding anything herein to the contrary, the Escrow Agent shall not be
relieved from liability hereunder for its own gross negligence or its own
willful misconduct.

 

6.             Miscellaneous.

 

6.1           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 New York.

 

6.2           Third Party Beneficiaries. 
Each of the Initial Stockholders hereby acknowledges that the Underwriters are
third-party beneficiaries of this Agreement and this Agreement may not be
modified or changed without the prior written consent of Maxim.

 

6.3           Entire Agreement.  This
Agreement contains the entire agreement of the parties hereto with respect to
the subject matter hereof and, except as expressly provided herein, may not be
changed or modified except by an instrument in writing signed by the party to
be charged and by Maxim.

 

6.4           Headings.  The headings
contained in this Agreement are for reference purposes only and shall not
affect in any way the meaning or interpretation thereof.

 

6.5           Binding Effect.  This
Agreement shall be binding upon and inure to the benefit of the respective
parties hereto and their legal representatives, successors and assigns.

 

6.6           Notices.  Any notice or
other communication required or which may be given hereunder shall be in
writing and either be delivered personally or be mailed, certified or
registered mail, or by private national courier service, return receipt
requested, postage prepaid,

 

 

and shall be deemed
given when so delivered personally or, if mailed, two days after the date of
mailing, as follows:

 

If to the Company, to:

 

TransTech Services Partners Inc.

445 Fifth Avenue, Suite 30H

New York, New York 10016

Attn:   Chief Executive Officer

 

If to a Stockholder, to his or her address set forth
in Exhibit A;

 

 

And if to the Escrow Agent, to:

 

Continental Stock Transfer & Trust Company

17 Battery Place

New York, New York 10004

Attn:   Chairman

 

A copy of any notice sent hereunder shall be sent to:

 

Katten Muchin Rosenman LLC

575 Madison Avenue

New York, New York 10022

Attn:  Howard S. Jacobs, Esq.

 

and:

 

Maxim Group, LLC

405 Lexington Avenue

New York, New York 10174

Attn:   Clifford A. Teller, Managing Director

 

and:

 

Ellenoff Grossman & Schole LLP

370 Lexington Avenue

New York, New York 10017

Attn:  Douglas S. Ellenoff, Esq.

 

The parties may change the persons and addresses to
which the notices or other communications are to be sent by giving written
notice to any such change in the manner provided herein for giving notice.

 

6.7           Liquidation of Company. The
Company shall give the Escrow Agent written notification of the liquidation and
dissolution of the Company in the event that the Company fails to consummate a
Business Combination within the time period(s) specified in the Prospectus.

 

6.8           Counterparts. This Agreement
may be executed in several counterparts, each one of which may be delivered by
facsimile transmission and each of which shall constitute an original, and together
shall constitute but one instrument.

 

(Remainder of page intentionally left blank.
Signature pages to follow.)

 

 

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

 

 

	
   

  	
  TRANSTECH SERVICES PARTNERS INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Suresh Rajpal

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Chief Executive Officer

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  INITIAL STOCKHOLDERS:

  
	
   

  	
   

  
	
   

  	
  TSP Ltd.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Lotus Capital LLC 

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
  LM Singh

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Canak Associates LLC 

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Chandru Jagwani

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Suresh Rajpal

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  LM Singh

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Frederick Smithline

  	
   

  	
   

  
											

 

 

	
   

  	
   

  	
   

  
	
   

  	
  Susan Smithline

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Dr. Pervez Ahmed

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Chandru Jagwani

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Continental Stock Transfer & Trust Company

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Steve Nelson

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
  President

  	
   

  	
   

  	
   

  	
   

  
									

 

 

EXHIBIT A

 

	
  Name and Address

  	
   

  	
  Shares (#)

  	
   

  	
  Private

  Placement Units

  (#)

  	
   

  	
  Share Cert. No.

  	
   

  	
  Date of Insider

  Letter

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TSP Ltd. c/o
  Canon’s Court

  22 Victoria Street

  Hamilton HM 12

  Bermuda

  	
   

  	
  731,667

  	
   

  	
  166,667

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Suresh
  Rajpal

  445 Fifth Avenue, Suite 30H

  New York, New York 10016

  	
   

  	
  350,000

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  LM Singh

  445 Fifth Avenue, Suite 30H

  New York, New York 10016

  	
   

  	
  150,000

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Frederick
  Smithline

  Three Park Avenue, 16th Floor

  New York, New York 10016

  	
   

  	
  37,500

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Susan
  Smithline

  Three Park Avenue, 16th Floor

  New York, New York 10016

  	
   

  	
  37,500

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Dr. Pervez
  Ahmed

  	
   

  	
  10,000

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Chandru
  Jagwani

  445 Fifth Avenue, Suite 30H

  New York, New York 10016

  	
   

  	
  60,000

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Lotus
  Capital LLC

  445 Fifth Avenue, Suite 30H

  New York, New York 10016

  	
   

  	
  100,000

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Canak
  Associates LLC

  445 Fifth Avenue, Suite 30H

  New York, New York 10016

  	
   

  	
  65,000

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