Document:

Exhibit
      10.1.3

     

    November
      28, 2006 

    

    Pinpoint
      Advance Corp.

    4
      Maskit
      Street

    Herzeliya,
      Israel 46700 

    

    Maxim
      Group LLC 

    405
      Lexington Avenue 

    New
      York,
      New York 10174 

    

    

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

            

    

    

    Gentlemen:
      

    

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

    

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

    

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

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

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

    

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

    

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

    

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

    

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

    

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

    

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

    

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

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

       

    

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

    

    (3)    The
      undersigned represents and warrants: 

    

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

    

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

    

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

    

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

    

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

    

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

    

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

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

       

    

    XI.    The
      undersigned agrees to indemnify and hold harmless the Company, equally with
      Adiv
      Baruch
      and
      Yaron Schwalb, against any and all claims
      to which
      the Company may become subject as a result of any claim by any creditor that
      is
      owed money by the Company but only to the extent the Company fails to obtain
      valid and enforceable waivers from such entities in order to protect
the
      amount in the Trust Account. 

    

    XII.    The
      undersigned agrees to indemnify and hold harmless the Company against any and
      all loss, liability, damage, expense whatsoever (including, but not limited
      to,
      any and all legal or other expenses reasonably incurred in dissolving and
      liquidating the Company and in investigating, preparing or defending against
      any
      litigation, whether pending or threatened, or any claim whatsoever) to which
      the
      Company may become subject as a result of the dissolution and liquidation of
      the
      Company but only to the extent there are not available funds outside of the
      Trust Account sufficient to consummate the Company’s dissolution and
      liquidation.

    

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

    

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

    

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

     

    [Signature
      Page to Follow]

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    
      	 	 	Very truly yours, 	 
	 	 	 	 
	 	 	/s/
              Ronen Zadok 	 
	 	 	Ronen Zadok 	 

    

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    EXHIBIT
      A

    [biography]Exhibit
      10.1.4

     

    November
      28, 2006 

    

    Pinpoint
      Advance Corp.

    4
      Maskit
      Street

    Herzeliya,
      Israel 46700 

    

    Maxim
      Group LLC 

    405
      Lexington Avenue 

    New
      York,
      New York 10174 

    

    

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

            

    

    

    Gentlemen:
      

    

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

    

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

    

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

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

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

    

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

    

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

    

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

    

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

    

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

    

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

    

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

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

       

    

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

    

    (3)    The
      undersigned represents and warrants: 

    

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

    

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

    

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

    

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

    

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

    

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

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

       

    

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

    

    XI.    The
      undersigned agrees to indemnify and hold harmless the Company, equally with
      Adiv
      Baruch and Ronen Zadok, against any and all claims to which the Company may
      become subject as a result of any claim by any creditor that is owed money
      by
      the Company but only to the extent the Company fails to obtain valid waivers
      from such entities in order to protect the amount in the Trust
      Account.

    

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

    

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

    

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

    

    [Signature
      Page to Follow]

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    
      	 	 	Very truly yours, 	 
	 	 	 	 
	 	 	/s/
              Yaron Schwalb 	 
	 	 	Yaron Schwalb 	 

    

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    EXHIBIT
      A

    [biography]

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