Document:

EX-4.5 Form of Unit Purchase Option

 

EXHIBIT 4.5

[FORM OF UNIT PURCHASE OPTION]

THE REGISTERED HOLDER OF THIS PURCHASE OPTION BY ITS ACCEPTANCE HEREOF, AGREES THAT IT WILL NOT
SELL, TRANSFER OR ASSIGN THIS PURCHASE OPTION EXCEPT AS HEREIN PROVIDED AND THE REGISTERED HOLDER
OF THIS PURCHASE OPTION AGREES THAT IT WILL NOT SELL, TRANSFER, ASSIGN, PLEDGE OR HYPOTHECATE THIS
PURCHASE OPTION FOR A PERIOD OF ONE YEAR FOLLOWING THE EFFECTIVE DATE (DEFINED BELOW) TO ANYONE
OTHER THAN (I) LAZARD CAPITAL MARKETS LLC (THE “INITIAL HOLDER”) OR ANY OTHER UNDERWRITER OR
SELECTED DEALER PARTICIPATING IN THE OFFERING, OR (II) A BONA FIDE OFFICER OR PARTNER OF THE
INITIAL HOLDER OR OF ANY SUCH UNDERWRITER OR SELECTED DEALER.

THIS PURCHASE OPTION IS NOT EXERCISABLE PRIOR TO THE LATER OF (I)                     ,
2008 [ONE YEAR FROM THE DATE OF THE PROSPECTUS] AND (II) THE CONSUMMATION BY IDEATION ACQUISITION
CORP. (THE “COMPANY”) OF A MERGER, CAPITAL STOCK EXCHANGE, ASSET ACQUISITION, STOCK PURCHASE OR
OTHER SIMILAR BUSINESS COMBINATION (“BUSINESS COMBINATION”), ASSUMING THE SECURITIES UNDERLYING
THIS PURCHASE OPTION ARE COVERED BY AN EFFECTIVE REGISTRATION STATEMENT AND A CURRENT PROSPECTUS IS
AVAILABLE OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED, IS
AVAILABLE (AS DESCRIBED MORE FULLY IN THE COMPANY’S REGISTRATION STATEMENT (DEFINED HEREIN)). THIS
PURCHASE OPTION SHALL BE VOID AFTER 5:00 P.M EASTERN TIME,                     , 2012 [FIVE YEARS
FROM THE DATE OF THE PROSPECTUS].

UNIT PURCHASE OPTION

FOR THE PURCHASE OF

500,000 UNITS

OF

IDEATION ACQUISITION CORP.

	1.	 	Purchase Option.

     THIS CERTIFIES THAT, in consideration of $100.00 duly paid by or on behalf of LAZARD CAPITAL
MARKETS LLC (the “Initial Holder”), as registered owner of this Purchase Option (this
“Purchase Option”), to IDEATION ACQUISITION CORP. (the “Company”), the Initial
Holder is entitled, at any time or from time to time on the later of (i)                     , 2008 [one year from the date of the prospectus] and (ii) the consummation of a
Business Combination (the “Commencement Date”), and at or before 5:00 p.m., Eastern
Time,                    , 2012 [five years from the date of the prospectus] (the
“Expiration Date”), but not thereafter, to subscribe for, purchase and receive, in whole or
in part, up to 500,000 units (the “Units”) of the Company, each Unit consisting of one
share of common stock of the Company, par value $0.0001 per share (the “Common Stock”), and
one warrant (collectively, the “Warrant(s)”) expiring four years from the effective date
(the “Effective Date”) of the registration statement (the “Registration Statement”)
pursuant to which units are offered for sale to the public (the “Offering”). Each Warrant
is the same as the warrants included in the units being registered for sale to the public by way of
the Registration Statement (the “Public Warrants”), except that the Warrants included in
the Units underlying this Purchase Option have an exercise price of $7.00 per share of Common
Stock. If the Expiration Date is not a Business Day (as defined below), then this Purchase Option
may be exercised on the next succeeding Business Day in accordance with the terms herein. During
the period ending on the Expiration Date, the Company agrees not to take any action that would
terminate the Purchase Option. This Purchase Option is initially exercisable at $10.00 per Unit so
purchased; provided, however, that upon the occurrence of any of the events specified in Section 6
hereof, the rights granted by this Purchase Option, including the exercise price per Unit and the
number of Units (and shares of Common Stock and Warrants) to be received upon such exercise, shall
be adjusted as therein specified.

 

 

     The term “Exercise Price” shall mean the initial exercise price or the adjusted
exercise price, depending on the context.

     The term “Holder” shall mean, as of any date, the Initial Holder and/or any transferee
who acquires this Purchase Option (in whole or in part) in accordance with Section 3.1 hereof.

     The term “Business Day” shall mean any day, except a Saturday, Sunday or legal holiday
on which the banking institutions in the State of New York are authorized or obligated by law or
executive order to close.

	2.	 	Exercise.

     2.1 Exercise Form. In order to exercise this Purchase Option, the exercise form
attached hereto must be duly executed and completed and delivered to the Company, together with
this Purchase Option and payment of the Exercise Price for the Units being purchased (payable in
cash or by certified check or official bank check). If the subscription rights represented hereby
shall not be exercised at or before 5:00 p.m., Eastern time, on the Expiration Date, this Purchase
Option shall become null and void, without further force or effect, and all rights represented
hereby shall cease and expire.

     2.2 Legend. Each certificate for the securities purchased under this Purchase Option
shall bear a legend as follows unless such securities are covered by an effective registration
statement under the Securities Act of 1933, as amended (“Act”):

“The securities represented by this certificate have not been registered
under the Securities Act of 1933, as amended (“Act”), or applicable
state law. The securities may not be offered for sale, sold or otherwise
transferred except pursuant to an effective registration statement under the
Act, or pursuant to an exemption from registration under the Act and
applicable state law.”

     2.3 Cashless Exercise.

          2.3.1 Determination of Amount. In lieu of the payment of the Exercise Price
multiplied by the number of Units for which this Purchase Option is exercisable and in lieu of
being entitled to receive Units in the manner required by Section 2.1, the Holder shall have the
right (but not the obligation) to convert any exercisable but unexercised portion of this Purchase
Option into Units (the “Conversion Right”) as follows: upon exercise of the Conversion
Right, the Company shall deliver to the Holder (without payment by the Holder of any of the
Exercise Price in cash) that number of Units equal to the quotient obtained by dividing (x) the
“Value” (as defined below) of the portion of this Purchase Option being converted by (y) the
“Current Market Price” (as defined below) of a Unit. The “Value” of the portion of this Purchase
Option being converted shall equal the remainder derived from subtracting (a) the product of (i)
the Exercise Price multiplied by (ii) the number of Units underlying the portion of this Purchase
Option being converted from (b) the product of (i) Current Market Price of a Unit multiplied by
(ii) the number of Units underlying the portion of this Purchase Option being converted. The
“Current Market Price” of a Unit at any day shall mean (i) if the Units are listed on a national
securities exchange (including, without limitation, the American Stock Exchange and the Nasdaq
Stock Market) or quoted on the OTC Bulletin Board (or any successor electronic inter-dealer
quotation system), the average closing price of a Unit for the thirty (30) trading days immediately
preceding the date of determination of the Current Market Price in the principal trading market for
the Units as reported by the exchange or the quotation system, as the case may be; (ii) if Units
are not listed on a national securities exchange or quoted on OTC Bulletin Board (or any successor
electronic inter-dealer quotation system), but is traded in the residual over-the-counter market,
the closing bid price for a Unit on the last trading day preceding the date in question for which
such quotations are reported by the Pink Sheets, LLC or similar publisher of such quotations; and
(iii) if the fair market value of the Units cannot be determined pursuant to clause (i) or (ii)
above, such price as the Board of Directors of the Company shall determine, in good faith.

          2.3.2 Mechanics of Cashless Exercise. The Conversion Right described in this Section
2.3 may be exercised by the Holder on any Business Day on or after the Commencement Date and not
later than the Expiration Date by delivering this Purchase Option, with the duly executed exercise
form attached hereto and with

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the cashless exercise section completed, specifying the total number of Units the Holder will
purchase pursuant to such Conversion Right, to the Company.

     2.4 No Obligation to Net Cash Settle. Notwithstanding anything to the contrary
contained in this Purchase Option, if the Company is unable to deliver any securities pursuant to
the exercise of this Purchase Option, the Purchase Option and underlying securities may expire
unexercised or unredeemed. In no event will the Company be obligated to pay the registered Holder
of the Purchase Option any cash or otherwise “net cash settle” the Purchase Option or the Warrants
underlying the Purchase Option.

     2.5 Warrant Exercise. Any Warrants underlying the Units shall be issued pursuant and
subject to the terms and conditions set forth in the Warrant Agreement, entered into by and between
the Company and Continental Stock Transfer & Trust Company, dated as of                     ,
2007.

	3.	 	Transfer.

     3.1 General Restrictions. The registered Holder of this Purchase Option, by its
acceptance hereof, agrees that it will not sell, transfer, assign, pledge or hypothecate this
Purchase Option (in whole or in part) or any interest herein for a period of one year following the
Effective Date to anyone other than (i) [the Initial Holder] or an underwriter or a selected dealer
participating in the Offering or (ii) a bona fide officer or partner of [the Initial Holder] or of
any such underwriter or selected dealer (each, a “Permitted Transferee”). On and after the
first anniversary of the Effective Date, this Purchase Option may be sold, transferred, assigned,
pledged, hypothecated or otherwise disposed of, in whole or in part, subject to compliance with
applicable securities laws. In order to make any permitted assignment, the Holder must deliver to
the Company the assignment form attached hereto duly executed and completed, together with the
Purchase Option and payment of all transfer taxes, if any, payable in connection therewith. The
Company shall, within five (5) Business Days following receipt thereof, transfer this Purchase
Option on the books of the Company and shall execute and deliver a new Purchase Option or Purchase
Options of like tenor to the appropriate assignee(s) expressly evidencing the right to purchase the
aggregate number of Units purchasable hereunder or such portion of such number as shall be
contemplated by any such assignment.

     3.2 Restrictions Imposed by the Act. The securities evidenced by this Purchase Option
shall not be transferred unless and until (a) the Company has received a written opinion of counsel
for the Holder that the securities may be transferred pursuant to an exemption from registration
under the Act and applicable state securities laws, the availability of which is established to the
reasonable satisfaction of the Company (the Company hereby agrees that the opinion of Mintz Levin
Cohn Ferris Glovsky and Popeo, P.C. shall be deemed satisfactory evidence of the availability of an
exemption) or (b) a new registration statement or a post-effective amendment to the Registration
Statement relating to such securities has been filed by the Company and declared effective by the
Securities and Exchange Commission (the “Commission”), a current prospectus is available
and compliance with applicable state securities laws has been established.

	4.	 	New Purchase Options to be Issued.

     4.1 Partial Exercise or Transfer. Subject to the restrictions in Section 3 hereof,
this Purchase Option may be exercised or assigned in whole or in part. In the event of the exercise
or assignment hereof in part only, upon surrender of this Purchase Option for cancellation,
together with the duly executed exercise or assignment form and funds sufficient to pay any
Exercise Price (except to the extent the Holder elects to exercise this Purchase Option by means of
a cashless exercise as provided by Section 2.3 above) and/or transfer tax, the Company shall cause
to be delivered to the Holder without charge a new Purchase Option of like tenor to this Purchase
Option in the name of the Holder evidencing the right of the Holder to purchase the number of Units
purchasable hereunder as to which this Purchase Option has not been exercised or assigned. In
addition, the Company shall cause to be delivered to any Permitted Transferee without charge a new
Purchase Option of like tenor to this Purchase Option in the name of such transferee evidencing the
right of such transferee to purchase the number of Units purchasable hereunder as to which this
Purchase Option has been transferred to such transferee.

     4.2 Lost Certificate. Upon receipt by the Company of evidence satisfactory to it of
the loss, theft, destruction or mutilation of this Purchase Option and of reasonably satisfactory
indemnification or the posting of a bond, the Company shall execute and deliver a new Purchase
Option of like tenor and date. Any such new Purchase

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Option executed and delivered as a result of such loss, theft, mutilation or destruction shall
constitute a substitute contractual obligation on the part of the Company.

	5.	 	Registration Rights.

     5.1 General. As used in this Section 5, the term “Registrable Securities”
means the securities underlying this Purchase Option, including the Units, the shares of Common
Stock and Warrants issued as part of the Units and the shares of Common Stock underlying the
Warrants; provided, that, any such securities shall cease to be Registrable Securities when: (a) a
registration statement with respect to the sale of such securities shall have become effective
under the Act and such securities shall have been sold, transferred, disposed of or exchanged in
accordance with such registration statement; (b) such securities shall have been transferred
pursuant to Rule 144 of the Act (or any similar rule or regulation then in force), new certificates
for them not bearing a legend restricting further transfer shall have been delivered by the Company
and they may be publicly resold without volume or method of sale restrictions without registration
under the Securities Act; (c) such securities may be sold under Rule 144 by the Holder without
volume limitation restrictions; or (d) such securities shall have ceased to be outstanding. A
“majority” of the Registrable Securities shall be calculated by assuming that any outstanding
Purchase Options are exercised for Units in accordance with the terms of such Purchase Options and
that any Warrants are exercised for shares of Common Stock in accordance with the terms of such
Warrants.

     5.2 Demand Registration.

          5.2.1 Grant of Right. At any one time (and not more than one time) during the five
year period following the Effective Date, the Holders of at least 51% of the Registrable Securities
(“Majority Holders”) may make a written demand for registration under the Act of all or
part of their Registrable Securities (a “Demand Registration”). Any request for a Demand
Registration (a “Demand Request”) shall specify the number and type of Registrable
Securities proposed to be sold and the intended method(s) of distribution thereof. The Company
will notify all Holders of Registrable Securities of the demand, and any Holder of Registrable
Securities who wishes to include all or a portion of such Holder’s Registrable Securities in the
Demand Registration shall so notify the Company within fifteen (15) Business Days following
delivery of the notice from the Company (such Holders who timely deliver notice together with the
Majority Holders, the “Demanding Holders”). The Company will then use its reasonable best
efforts (a) to prepare and file within sixty (60) days a new registration statement or a
post-effective amendment to the Registration Statement covering the resale of the Registrable
Securities which the Demanding Holders have requested to be registered and (b) to cause such
registration statement to be declared effective as soon as possible thereafter, subject to Section
5.2.4.

          5.2.2 Terms. The Company shall bear all fees and expenses attendant to registering the
Registrable Securities, including the reasonable fees and expenses of one legal counsel selected by
the Majority Holders to represent them in connection with the sale of the Registrable Securities,
except that the Company shall not be required to pay any underwriting commissions (which
commissions, if any, shall be borne by the Demanding Holders participating in the registration).
The Company agrees to use its reasonable best efforts to qualify or register the Registrable
Securities in such States as are reasonably requested by the Majority Holder(s); provided, however,
that in no event shall the Company be required to register the Registrable Securities in a State in
which such registration would cause (a) the Company to be obligated to qualify to do business in
such State or would subject the Company to taxation as a foreign corporation doing business in such
jurisdiction or (b) the principal stockholders of the Company to be obligated to escrow their
shares of capital stock of the Company. The Company shall use its reasonable best efforts to cause
any registration statement or post-effective amendment filed pursuant to the demand rights granted
under Section 5.2.1 to remain effective for a period of twelve consecutive months from the
effective date of such registration statement or post-effective amendment, plus any period during
which disposition of securities thereunder is interfered with by any stop order or injunction of
the Commission or any governmental agency or court.

          5.2.3 Effective Registration. A registration will not count as a Demand Registration
until the registration statement filed with the Commission with respect to such Demand Registration
has been declared effective and the Company has complied with all of its obligations under this
Agreement with respect thereto; provided, however, that if, after such registration statement has
been declared effective, the offering of Registrable Securities pursuant to a Demand Registration
is interfered with by any stop order or injunction of the Commission or

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any other governmental agency or court, the registration statement with respect to such Demand
Registration will be deemed not to have been declared effective unless and until (i) such stop
order or injunction is removed, rescinded or otherwise terminated, and (ii) a majority-in-interest
of the Demanding Holders thereafter elect to continue the offering.

          5.2.4 Underwritten Offerings. If a majority-in-interest (based on the number of
Registrable Securities being registered (assuming any securities exercisable for shares of Common
Stock are so exercised)) of the Demanding Holders so elect and such holders so advise the Company
in writing as part of the Demand Request, the offering of such Registrable Securities pursuant to
such Demand Registration shall be in the form of an underwritten offering. In such event, the right
of any Holder of Registrable Securities to include its Registrable Securities in such registration
shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of
such Holder’s Registrable Securities in the underwriting to the extent provided herein. All
Demanding Holders proposing to distribute their securities through such underwriting shall enter
into an underwriting agreement in customary form with the underwriter or underwriters selected for
such underwriting by the majority-in-interest of the Demanding Holders. If the managing underwriter
or underwriters for a Demand Registration that is to be an underwritten offering advises the
Company and the Demanding Holders in writing that the dollar amount or number of Registrable
Securities which the Demanding Holders desire to sell, taken together with all other securities
which the Company desires to sell and all other securities, if any, as to which registration has
been requested pursuant to written contractual piggy-back registration rights held by other
stockholders of the Company, exceeds the maximum dollar amount or maximum number of securities that
can be sold in such offering without adversely affecting the proposed offering price, the timing,
the distribution method, or the probability of success of such offering (such maximum dollar amount
or maximum number of securities, as applicable, the “ Maximum Number of Securities”), then
the Company shall include in such registration: (i) first, Registrable Securities as to which
Demand Registration has been requested by the Demanding Holders (allocated pro rata in accordance
with the number of shares or other securities that each such Person has requested be included in
such registration, regardless of the number of shares held by each such Person (such proportion is
referred to herein as “Pro Rata”)) that can be sold without exceeding the Maximum Number of
Securities; (ii) second, to the extent that the Maximum Number of Securities has not been reached
under the foregoing clause (i), securities that the Company desires to sell that can be sold
without exceeding the Maximum Number of Securities; (iii) third, to the extent that the Maximum
Number of Securities has not been reached under the foregoing clauses (i) and (ii), securities
registrable pursuant to the terms of the Registration Rights Agreement between the Company and the
initial investors in the Company, dated as of                     , 2007 (the “Registration Rights
Agreement,” and such registrable securities, the “Investor Securities”) as to which
“piggy-back” registration has been requested by the holders thereof, Pro Rata, that can be sold
without exceeding the Maximum Number of Securities; and (iv) fourth, to the extent that the Maximum
Number of Securities have not been reached under the foregoing clauses (i), (ii), and (iii),
securities for the account of other persons that the Company is obligated to register pursuant to
written contractual piggy-back registration rights with such persons and that can be sold without
exceeding the Maximum Number of Securities.

          5.2.5 Withdrawal. If a majority-in-interest of the Demanding Holders disapprove of
the terms of any underwriting or are not entitled to include all of their Registrable Securities in
any offering, such majority-in-interest of the Demanding Holders may elect to withdraw from such
offering by giving written notice to the Company and the underwriter or underwriters of their
request to withdraw prior to the effectiveness of the registration statement filed with the
Commission with respect to such Demand Registration. If the majority-in-interest of the Demanding
Holders withdraws from a proposed offering relating to a Demand Registration, then the Company
shall cease all efforts to secure such registration, and such registration shall not count as a
Demand Registration provided for in Section 5.2.

          5.2.6 Permitted Delays. The Company shall be entitled to postpone, for up to sixty
(60) days from the date of receipt of a Demand Request, the filing of any registration statement
under this Section 5.2, if (a) at any time prior to the filing of such registration statement the
Company’s Board of Directors determines, in its good faith business judgment, that such
registration and offering would materially and adversely affect any financing, acquisition,
corporate reorganization, or other material transaction involving the Company, and (b) the Company
delivers to the Demanding Holders written notice thereof within five (5) business days from the
date of receipt of a Demand Request; provided, that the Company may not exercise this postponement
right more than once during any twelve-month period.

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     5.3 “Piggy-Back” Registration.

          5.3.1 Grant of Right. If at any time during the first seven years following the
Effective Date the Company proposes to file a registration statement under the Act with respect to
an offering of equity securities, or securities exercisable or exchangeable for, or convertible
into, equity securities, by the Company for its own account or for securityholders of the Company
for their accounts (or by the Company and by securityholders of the Company including, without
limitation, pursuant to Section 5.2.1), other than (A) a registration of securities relating solely
to an offering and sale to employees or directors of the Company pursuant to any employee stock
plan or other employee benefit plan arrangement, (B) a registration on Form S-4 or S-8 or any
successor form to such forms, (C) an exchange offer or offering of securities solely to the
Company’s existing stockholders, (D) an offering of debt that is convertible into equity
securities, (E) a dividend reinvestment plan, or (F) solely in connection with a merger,
consolidation or non-capital raising bona fide business transaction, then the Company shall (i)
give written notice of such proposed filing to the holders of Registrable Securities as soon as
practicable but in no event less than ten (10) days before the anticipated filing date, which
notice shall describe the amount and type of securities to be included in such offering, the
intended method(s) of distribution and the name of the proposed managing underwriter or
underwriters, if any, of the offering, and (ii) offer to the holders of Registrable Securities in
such notice the opportunity to register the sale of such number of shares of Registrable Securities
as such holders may request in writing within five (5) days following receipt of such notice (a
“Piggy-Back Registration”). The Company shall cause such Registrable Securities to be
included in such registration and shall use its reasonable best efforts to cause the managing
underwriter or underwriters of a proposed underwritten offering to permit the Registrable
Securities requested to be included in a Piggy-Back Registration to be included on the same terms
and conditions as any similar securities of the Company and to permit the sale or other disposition
of such Registrable Securities in accordance with the intended method(s) of distribution thereof.
All holders of Registrable Securities proposing to distribute their securities through a Piggy-Back
Registration that involves an underwriter or underwriters shall enter into an underwriting
agreement in customary form with the underwriter or underwriters selected for such Piggy-Back
Registration.

          5.3.2 Terms. The Company shall bear all fees and expenses attendant to registering
the Registrable Securities, including the reasonable fees and expenses of any legal counsel
selected by a majority-in-interest of the Holders requesting inclusion of securities pursuant to
Section 5.3 to represent them in connection with the sale of the Registrable Securities, but the
Holders shall pay any and all underwriting commissions. The Company agrees to use its reasonable
best efforts to qualify or register the Registrable Securities in such states as are reasonably
requested by the majority-in-interest of the Holder(s); provided, however, that in no event shall
the Company be required to register the Registrable Securities in a State in which such
registration would cause (a) the Company to be obligated to qualify to do business in such state,
or would subject the Company to taxation as a foreign corporation doing business in such
jurisdiction or (b) the principal stockholders of the Company to be obligated to escrow their
shares of capital stock of the Company. The Company shall use its commercially reasonable efforts
to cause any registration statement or post-effective amendment filed pursuant to the “piggyback”
rights granted under Section 5.3 to remain effective for a period of nine consecutive months from
the effective date of such registration statement or post-effective amendment.

          5.3.3 Underwritten Offerings. If the managing underwriter or underwriters for a
Piggy-Back Registration that is to be an underwritten offering advises the Company and the holders
of Registrable Securities in writing that the dollar amount or number of securities which the
Company desires to sell, taken together with the securities, if any, as to which registration has
been demanded pursuant to written contractual arrangements with persons other than the holders of
Registrable Securities and the Registrable Securities as to which registration has been requested
under Section 5.3, exceeds the Maximum Number of Securities, then the Company shall include in any
such registration:

               (a) If the registration is undertaken for the Company’s account: (A) first, securities that
the Company desires to sell that can be sold without exceeding the Maximum Number of Securities;
(B) second, to the extent that the Maximum Number of Securities has not been reached under the
foregoing clause (A), Registrable Securities and Investor Securities, as to which registration has
been requested pursuant to the applicable written contractual piggy-back registration rights of
such security holders, Pro Rata, that can be sold without exceeding the Maximum Number of
Securities; and (C) third, to the extent that the Maximum Number of Securities has not been reached
under the foregoing clauses (A) and (B), securities for the account of other persons that the

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Company is obligated to register pursuant to written contractual piggy-back registration
rights with such persons and that can be sold without exceeding the Maximum Number of Securities;

               (b) If the registration is a “demand” registration undertaken at the demand of holders of
Investor Securities, (A) first, securities for the account of the demanding persons, Pro Rata, that
can be sold without exceeding the Maximum Number of Securities; (B) second, to the extent that the
Maximum Number of Securities has not been reached under the foregoing clause (A), securities that
the Company desires to sell that can be sold without exceeding the Maximum Number of Securities;
(C) third, to the extent that the Maximum Number of Securities has not been reached under the
foregoing clauses (A) and (B), Registrable Securities, Pro Rata, as to which registration has been
requested pursuant to the terms hereof, that can be sold without exceeding the Maximum Number of
Securities; and (D) fourth, to the extent that the Maximum Number of Securities has not been
reached under the foregoing clauses (A), (B) and (C), securities for the account of other persons
that the Company is obligated to register pursuant to written contractual piggy-back registration
rights with such persons and that can be sold without exceeding the Maximum Number of Securities;
and

               (c) If the registration is a “demand” registration undertaken at the demand of persons other
than either the holders of Registrable Securities or of Investor Securities, (A) first, securities
for the account of the demanding persons that can be sold without exceeding the Maximum Number of
Securities; (B) second, to the extent that the Maximum Number of Securities has not been reached
under the foregoing clause (A), securities that the Company desires to sell that can be sold
without exceeding the Maximum Number of Securities; (C) third, to the extent that the Maximum
Number of Securities has not been reached under the foregoing clauses (A) and (B), Registrable
Securities and Investor Securities, as to which registration has been requested pursuant to the
applicable written contractual piggy-back registration rights of such security holders, Pro Rata,
that can be sold without exceeding the Maximum Number of Securities; and (D) fourth, to the extent
that the Maximum Number of Securities has not been reached under the foregoing clauses (A), (B) and
(C), securities for the account of other persons that the Company is obligated to register pursuant
to written contractual piggy-back registration rights with such persons and that can be sold
without exceeding the Maximum Number of Securities.

          5.3.4 Maintenance of Priority. So long as there are Registrable Securities hereunder,
the Company shall not grant to any person piggy-back rights superior to or on parity with the
rights of the Holders of Registrable Securities hereunder.

          5.3.5 Withdrawal. Any Holder of Registrable Securities may elect to withdraw such
Holder’s request for inclusion of Registrable Securities in any Piggy-Back Registration by giving
written notice to the Company of such request to withdraw at least five (5) Business Days prior to
the effectiveness of the Registration Statement. Notwithstanding any such withdrawal, the Company
shall pay all expenses incurred in connection with the withdrawn registration statement in
accordance with Section 5.3.2 above.

     5.4 General Terms.

          5.4.1 Indemnification. The Company shall indemnify the Holder(s) of the Registrable
Securities to be sold pursuant to any registration statement hereunder and each person, if any, who
controls any such Holder within the meaning of Section 15 of the Act or Section 20(a) of the
Securities Exchange Act of 1934, as amended (“Exchange Act”), against any loss, claim,
damage, expense or liability (including all reasonable attorneys’ fees and other expenses
reasonably incurred in investigating, preparing or defending against litigation, commenced or
threatened, or any claim whatsoever whether arising out of any action between the underwriter and
the Company or between the underwriter and any third party or otherwise) to which any of them may
become subject under the Act, the Exchange Act or otherwise, based upon such registration
statement, but only to the same extent and with the same effect as the provisions pursuant to which
the Company has agreed to indemnify the Initial Holder contained in Section [7] of the Underwriting
Agreement (the “Underwriting Agreement”) among the Company and the Initial Holder, as
Representative, dated the [Effective Date], pursuant to which the Company has agreed to indemnify
the Initial Holder. The Holder(s) of the Registrable Securities to be sold pursuant to such
registration statement, and their successors and assigns, shall severally, and not jointly,
indemnify the Company, its officers and directors and each person, if any, who controls the Company
within the meaning of Section 15 of the Act or Section 20(a) of the Exchange Act, against any loss,
claim, damage, expense or liability (including all reasonable attorneys’ fees and other expenses
reasonably incurred in investigating, preparing or defending against litigation, commenced or

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threatened, or any claim whatsoever) to which they may become subject under the Act, the
Exchange Act or otherwise, arising from information furnished by or on behalf of such Holders, or
their successors or assigns, in writing, for specific inclusion in such registration statement to
the same extent and with the same effect as the provisions contained in Section [7]of the
Underwriting Agreement, pursuant to which the underwriters have agreed to indemnify the Company.

          5.4.2 Exercise of Purchase Options. Nothing contained in this Purchase Option shall be
construed as requiring the Holder(s) to exercise this Purchase Option or Warrants underlying this
Purchase Option prior to or after the initial filing of any registration statement or the
effectiveness thereof.

          5.4.3 Documents Delivered to Holders. In case of an underwritten offering which
includes Registrable Securities pursuant to the terms hereof, the Company shall furnish, or cause
to be furnished, to the Initial Holder, as representative of the Holders participating in the
offering, (i) an opinion of counsel substantially in the form furnished to the underwriter or
underwriters and (ii) a comfort letter from the Company’s independent public accountants
substantially in the form furnished to the underwriter or underwriters; provided, that, comfort
letters are at the time being customarily furnished by independent public accountants to selling
securityholders in similar circumstances. The Company shall deliver promptly to the Initial
Holder, as representative of the Holders participating in the offering, copies of all
correspondence between the Commission, on the one hand, and the Company, its counsel and/or
auditors, on the other hand, and permit the Initial Holder, as representative of the Holders
participating in the offering, to do such investigation, upon reasonable advance notice, with
respect to information contained in or omitted from the registration statement as it deems
reasonably necessary to comply with applicable securities laws or rules of the National Association
of Securities Dealers, Inc. (“NASD”). Such investigation shall include access to books,
records and properties and opportunities to discuss the business of the Company with its officers
and independent auditors, all to such reasonable extent and at such reasonable times and as often
as the Initial Holder, as representative of the Holders participating in the offering, shall
reasonably request. The Company shall not be required to disclose any confidential information or
other records to the Initial Holder, as representative of the Holders participating in the
offering, or to any other person, until and unless such persons shall have entered into reasonable
confidentiality agreements (in form and substance reasonably satisfactory to the Company) with the
Company with respect thereto.

          5.4.4 Underwriting Agreement. If an underwritten offering is requested pursuant to
Section 5.2.4, the Company shall enter into an underwriting agreement with the managing
underwriter(s), if any, selected by any Holders pursuant to Section 5.2.4 or Section 5.3.3, which
managing underwriter shall be reasonably acceptable to the Company. Such agreement shall be
reasonably satisfactory in form and substance to the Company, each participating Holder and such
managing underwriter(s), and shall contain such representations, warranties and covenants by the
Company and such other terms as are customarily contained in agreements of that type used by the
managing underwriter. The participating Holders shall be parties to any underwriting agreement
relating to an underwritten sale of their Registrable Securities and shall agree to such covenants
and indemnification and contribution obligations of selling stockholders as are customarily
contained in agreements of that type used by the managing underwriter. Further, such Holders shall
execute appropriate custody agreements and otherwise cooperate fully in the preparation of the
registration statement and other documents relating to any offering in which they include
Registrable Securities pursuant to this Section 5. Each Holder shall also furnish to the Company
such information regarding itself, the Registrable Securities held by it, and the intended method
of disposition of such securities as shall be reasonably required to effect the registration of the
Registrable Securities.

          5.4.5 Obligation to Suspend Distribution. The Holder agrees, that upon receipt of any
notice from the Company of the happening of any event as a result of which the prospectus included
in any registration statement covering Registrable Securities, as then in effect, includes an
untrue statement of a material fact or omits to state a material fact required to be stated therein
or necessary to make the statements therein not misleading in light of the circumstances then
existing, such Holder will immediately discontinue disposition of Registrable Securities pursuant
to the Registration Statement covering such Registrable Securities until such Holder’s receipt of
the copies of a supplemental or amended prospectus, and, if so desired by the Company, such Holder
shall deliver to the Company (at the expense of the Company) or destroy (and deliver to the Company
a certificate of such destruction) all copies, other than permanent file copies then in such
Holder’s possession, of the prospectus covering such Registrable Securities at the time of receipt
of such notice.

8

 

	6.	 	Adjustments.

     6.1 Adjustments to Exercise Price and Number of Securities. The Exercise Price and the
number of Units underlying the Purchase Option shall be subject to adjustment from time to time as
hereinafter set forth:

          6.1.1 Stock Dividends — Split-Ups. If after the date hereof, and subject to the
provisions of Section 6.4 below, the number of outstanding shares of Common Stock is increased by a
stock dividend payable in shares of Common Stock or by a split-up of shares of Common Stock or
other similar event, then, on the effective date thereof, the number of shares of Common Stock
included in each of the Units purchasable hereunder shall be increased in proportion to such
increase in outstanding shares. In such case, the number of shares of Common Stock, and the
exercise price applicable thereto, underlying the Warrants included in each of the Units
purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example,
if the Company declares a two-for-one stock dividend and, at the time of such dividend, this
Purchase Option entitles the holder to purchase one Unit at a price of $10.00 (and the Warrant
issued as part of such Unit would entitle the holder to purchase one share of Common Stock at a
price of $7.00), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow
for the purchase of one Unit at $10.00 per Unit, each Unit entitling the Holder to receive two
shares of Common Stock and two Warrants (each Warrant exercisable for $3.50 per share).

          6.1.2 Aggregation of Shares. If after the date hereof, and subject to the provisions
of Section 6.3, the number of outstanding shares of Common Stock is decreased by a consolidation,
combination or reclassification of shares of Common Stock or other similar event, then, on the
effective date thereof, the number of shares of Common Stock included in each of the Units
purchasable hereunder shall be decreased in proportion to such decrease in outstanding shares. In
such case, the number of shares of Common Stock, and the exercise price applicable thereto,
underlying the Warrants included in each of the Units purchasable hereunder shall be adjusted in
accordance with the terms of the Warrants.

          6.1.3 Extraordinary Dividends. If the Company, at any time while this Purchase
Option is outstanding and unexpired, shall pay a dividend in cash, securities or other assets to
the holders of Common Stock (or other shares of the Company’s capital stock into which the Warrants
are convertible), other than (w) as described in Sections 6.1.1, (x) regular quarterly or other
periodic dividends, (y) in connection with the conversion rights of the holders of Common Stock
upon consummation of the Company’s initial Business Combination (as such term is used in the
Registration Statement) or (z) in connection with the Company’s liquidation and the distribution of
its assets upon its failure to consummate a Business Combination (any such non-excluded event being
referred to herein as an “Extraordinary Dividend”), then (i) the Exercise Price shall be
decreased, effective immediately after the effective date of such Extraordinary Dividend, by the
amount of cash or the fair market value (as determined by the Company’s Board of Directors, in good
faith) of any securities or other assets paid on each share of Common Stock in respect of such
Extraordinary Dividend and (ii) the Warrants issuable upon exercise of this Purchase Option shall
be adjusted in the same manner as the Public Warrants pursuant to the Warrant Agreement, dated 
, 2007, between the Company and the “Warrant Agent” thereunder.

          6.1.4 Replacement of Securities upon Reorganization, etc. In the case of any
reclassification or reorganization of the outstanding shares of Common Stock other than a change
covered by Section 6.1.1, 6.1.2 or 6.1.3 hereof or one that solely affects the par value of such
shares of Common Stock, or in the case of any merger or consolidation of the Company with or into
another corporation other than a consolidation or merger in which the Company is the continuing
corporation and which does not result in any reclassification or reorganization of the outstanding
shares of Common Stock, or in the case of any sale or conveyance to another corporation or entity
of the property of the Company as an entirety or substantially as an entirety in connection with
which the Company is dissolved, the Holder of this Purchase Option shall have the right thereafter
(until the expiration of the right of exercise of this Purchase Option) to receive upon the
exercise hereof, for the same aggregate Exercise Price payable hereunder immediately prior to such
event, the kind and amount of shares of stock or other securities or property (including cash)
receivable upon such reclassification, reorganization, merger or consolidation, or upon a
dissolution following any such sale or transfer, by a holder of the number of shares of Common
Stock of the Company obtainable upon exercise of this Purchase Option and the underlying Warrants
immediately prior to such event; and if any reclassification also results in a change in shares of
Common Stock covered by Section 6.1.1 or 6.1.2, then such adjustment shall be made pursuant to
Sections 6.1.1, 6.1.2 and this Section 6.1.4. The provisions of this Section

9

 

6.1.4 shall similarly apply to successive reclassifications, reorganizations, mergers or
consolidations, sales or other transfers.

          6.1.4 Changes in Form of Purchase Option. This form of Purchase Option need not be
changed because of any change pursuant to this Section, and Purchase Options issued after such
change may state the same Exercise Price and the same number of Units as are stated in the Purchase
Options initially issued pursuant to this Agreement. The acceptance by any Holder of the issuance
of new Purchase Options reflecting a required or permissive change shall not be deemed to waive any
rights to an adjustment occurring after the Commencement Date or the computation thereof.

          6.1.6 Adjustments of Warrants. To the extent the exercise price of the Warrants are
lowered pursuant to Section [3.1] of the Warrant Agreement, dated                     ,
2007, between the Company and Continental Stock Transfer & Trust Company (the “Warrant
Agreement”), the exercise price of the Warrants underlying this Purchase Option shall be
reduced on identical percentage terms. To the extent the duration of the Warrants is extended
pursuant to Section [3.2] of the Warrant Agreement, the duration of the Warrants underlying this
Purchase Option shall be extended on identical terms.

     6.2 Substitute Purchase Option. In the case of any consolidation of the Company with,
or merger of the Company with, or merger of the Company into, another corporation (other than a
consolidation or merger which does not result in any reclassification or change of the outstanding
Common Stock), the corporation formed by such consolidation or merger shall execute and deliver to
the Holder a supplemental Purchase Option providing that the holder of each Purchase Option then
outstanding or to be outstanding shall have the right thereafter (until the stated expiration of
such Purchase Option) to receive, upon exercise of such Purchase Option, the kind and amount of
shares of stock and other securities and property receivable upon such consolidation or merger, by
a holder of the number of shares of Common Stock of the Company for which such Purchase Option
might have been exercised immediately prior to such consolidation, merger, sale or transfer. Such
supplemental Purchase Option shall provide for adjustments which shall be identical to the
adjustments provided in Section 6. The above provision of this Section shall similarly apply to
successive consolidations or mergers.

     6.3 Elimination of Fractional Interests. The Company shall not be required to issue
certificates representing fractions of shares of Common Stock or Warrants upon the exercise of this
Purchase Option, nor shall it be required to issue scrip or pay cash in lieu of any fractional
interests, it being the intent of the parties that all fractional interests shall be eliminated by
rounding any fraction up or down to the nearest whole number of Warrants, shares of Common Stock or
other securities, properties or rights.

     6.4 Limitations on Monetary Damages. In no event shall the registered holder of this
Purchase Option be entitled to receive any monetary damages if the securities underlying this
Purchase Option have not been registered by the Company pursuant to an effective registration
statement or a current prospectus is not available, provided the Company has fulfilled its
obligation to use reasonable best efforts to effect such registration and to make such prospectus
available.

7.
Reservation and Listing. The Company shall at all times reserve and keep available out
of its authorized shares of Common Stock, solely for the purpose of issuance upon exercise of this
Purchase Option or the Warrants underlying this Purchase Option, such number of shares of Common
Stock or other securities, properties or rights as shall be issuable upon the exercise thereof. The
Company covenants and agrees that, upon exercise of this Purchase Option and payment of the
Exercise Price therefor, all shares of Common Stock and other securities issuable upon such
exercise shall be duly and validly issued, fully paid and non-assessable. The Company further
covenants and agrees that upon exercise of the Warrants underlying this Purchase Option and payment
of the Warrant exercise price therefor, all shares of Common Stock and other securities issuable
upon such exercise shall be duly and validly issued, fully paid and non-assessable. As long as this
Purchase Option shall be outstanding, the Company shall use its reasonable best efforts to cause
all (a) Units and shares of Common Stock issuable upon exercise of this Purchase Option, (b)
Warrants issuable upon exercise of this Purchase Option, and (c) shares of Common Stock issuable
upon exercise of the Warrants included in the Units issuable upon exercise of this Purchase Option
to be listed (subject to official notice of issuance) on all securities exchanges on which the
units, the shares of common stock or the Public Warrants issued in connection with the Offering may
then be listed and/or quoted.

10

 

8. Certain Notice Requirements.

     8.1 Holder’s Right to Receive Notice. Nothing herein shall be construed as conferring
upon the Holder the right to vote or consent as a stockholder for the election of directors or any
other matter, or as having any rights whatsoever as a stockholder of the Company. If, however, at
any time prior to the expiration of this Purchase Option and its exercise, any of the events
described in Section 8.2 shall occur, then, in one or more of said events, the Company shall give
written notice of such event at least fifteen (15) days prior to the date fixed as a record date or
the date of closing the transfer books for the determination of the stockholders entitled to such
dividend, distribution, conversion or exchange of securities or subscription rights, or entitled to
vote on such proposed dissolution, liquidation, winding up or sale. Such notice shall specify such
record date or the date of the closing of the transfer books, as the case may be. Notwithstanding
the foregoing, the Company shall deliver to each Holder a copy of each notice given to the other
stockholders of the Company at the same time and in the same manner that such notice is given to
the stockholders.

     8.2 Events Requiring Notice. The Company shall be required to give the notice
described in Section 8.1 upon the following events: (a) the Company shall offer to all the holders
of its Common Stock any additional shares of capital stock of the Company or securities convertible
into or exchangeable for shares of capital stock of the Company, or any option, right or warrant to
subscribe therefor, (b) the Company shall take a record of the holders of its Common Stock for the
purpose of entitling them to receive a dividend or distribution payable other than in cash, or a
cash dividend or distribution payable other than out of retained earnings, as indicated by the
accounting treatment of such dividend or distribution on the books of the Company, or (c) the
dissolution, liquidation or winding up of the Company (other than in connection with a
consolidation or merger) or a sale of all or substantially all of its property, assets and business
shall be proposed.

     8.3 Notice of Change in Exercise Price. The Company shall, promptly after an event
requiring a change in the Exercise Price pursuant to Section 6 hereof, send notice to the Holders
of such event and change (“Price Notice”). The Price Notice shall describe the event
causing the change and the method of calculating the change and shall be certified as being true
and accurate by the Company’s Chief Executive Officer, President or Chief Financial Officer.

     8.4 Transmittal of Notices. All notices, requests, consents and other communications
under this Purchase Option shall be in writing and shall be deemed to have been duly made when hand
delivered, or mailed by express mail or private courier service: (a) if to the registered Holder of
the Purchase Option, to the address of such Holder as shown on the books of the Company, or (b) if
to the Company, to the following address or to such other address as the Company may designate by
notice to the Holders:

			
	                         	 	Ideation Acquisition Corp.

100 North Crescent Drive

Beverly Hills, CA 90210

Attention: Chief Executive Officer

with a copy to:

Akerman Senterfitt

One SE Third Avenue

Suite 2500

Miami, FL 33131

Attention: Teddy D. Klinghoffer, Esq.

	9.	 	Miscellaneous.

     9.1 Amendments. The Company and the Initial Holder may from time to time supplement or
amend this Purchase Option without the approval of any of the Holders in order to cure any
ambiguity, to correct or supplement any provision contained herein that may be defective or
inconsistent with any other provisions herein, or to make any other provisions in regard to matters
or questions arising hereunder that the Company and the Initial Holder may deem necessary or
desirable and that the Company and the Initial Holder deem shall not adversely

11

 

affect the interest of the Holders. All other modifications or amendments to this Purchase
Option shall require the written consent of and be signed by the Holder hereof.

     9.2 Headings. The headings contained herein are for the sole purpose of convenience of
reference, and shall not in any way limit or affect the meaning or interpretation of any of the
terms or provisions of this Purchase Option.

     9.3 Entire Agreement. This Purchase Option (together with the other agreements and
documents being delivered pursuant to or in connection with this Purchase Option) constitute the
entire agreement of the parties hereto with respect to the subject matter hereof, and supersedes
all prior agreements and understandings of the parties, oral and written, with respect to the
subject matter hereof.

     9.4 Binding Effect. This Purchase Option shall inure solely to the benefit of and
shall be binding upon, the Holder and the Company and their respective successors, legal
representatives and permitted assigns, and no other person shall have or be construed to have any
legal or equitable right, remedy or claim under or in respect of or by virtue of this Purchase
Option or any provisions herein contained.

     9.5 Governing Law; Submission to Jurisdiction. This Purchase Option 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. The Company hereby agrees that any action, proceeding or claim against
it arising out of, or relating in any way to this Purchase Option shall be brought and enforced in
the courts of the State of New York or of the United States of America for the Southern District of
New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The
Company hereby waives any objection to such exclusive jurisdiction and that such courts represent
an inconvenient forum. Any process or summons to be served upon the Company may be served by
transmitting a copy thereof by registered or certified mail, return receipt requested, postage
prepaid, addressed to it at the address set forth in Section 8 hereof. Such mailing shall be deemed
personal service and shall be legal and binding upon the Company in any action, proceeding or
claim. The Company and the Holder agree that the prevailing party(ies) in any such action shall be
entitled to recover from the other party(ies) all of its reasonable attorneys’ fees and expenses
relating to such action or proceeding and/or incurred in connection with the preparation therefor.

     9.6 Waiver, Etc. The failure of the Company, the Initial Holder or any Holder to at
any time enforce any of the provisions of this Purchase Option shall not be deemed or construed to
be a waiver of any such provision, nor to in any way affect the validity of this Purchase Option or
any provision hereof or the right of the Company, the Initial Holder or any Holder to thereafter
enforce each and every provision of this Purchase Option. No waiver of any breach, non-compliance
or non-fulfillment of any of the provisions of this Purchase Option shall be effective unless set
forth in a written instrument executed by the party or parties against whom or which enforcement of
such waiver is sought; and no waiver of any such breach, non-compliance or non-fulfillment shall be
construed or deemed to be a waiver of any other or subsequent breach, non-compliance or
non-fulfillment.

     9.7 Execution in Counterparts. This Purchase Option may be executed in one or more
counterparts, and by the different parties hereto in separate counterparts, each of which shall be
deemed to be an original, but all of which taken together shall constitute one and the same
agreement, and shall become effective when one or more counterparts has been signed by each of the
parties hereto and delivered to each of the other parties hereto.

     9.8 Exchange Agreement. As a condition of the Holder’s receipt and acceptance of this
Purchase Option, the Holder agrees that, at any time prior to the complete exercise of this
Purchase Option by the Holder, if the Company and the Initial Holder enter into an agreement
(“Exchange Agreement”) pursuant to which they agree that all outstanding Purchase Options
will be exchanged for securities or cash or a combination of both, then the Holder shall agree to
such exchange and become a party to the Exchange Agreement.

[Remainder of this page left intentionally blank]

12

 

     IN WITNESS WHEREOF, the Company has caused this Purchase Option to be signed by its duly
authorized officer as of the           th day of           , 2007.

	 	 	 	 	 
	 	IDEATION ACCQUISITION CORP.

 	 
	 	By:  	 
 	 
	 	 	Robert N. Fried 	 
	 	 	President and Chief Executive Officer 	 

13

 

	 	 	 	 	 

Form to be used to exercise Purchase Option:

Ideation Acquisition Corp.

100 North Crescent Drive

Beverly Hills, CA 90210

Date:                    , 200     

The undersigned hereby irrevocably elects to exercise all or a portion of the within Purchase
Option and to purchase            Units of IDEATION ACQUISITION CORP. and hereby makes payment of
$                     (at the rate of $                     per Unit) in payment of the Exercise Price pursuant
thereto. Please issue the Common Stock and Warrants as to which this Purchase Option is exercised
in accordance with the instructions given below.

or

     The undersigned hereby irrevocably elects to convert its right to purchase            Units purchasable
under the within Purchase Option by surrender of the unexercised portion of the attached Purchase
Option (with a value of $                    ). Please issue the securities comprising the Units as to which
this Purchase Option is exercised in accordance with the instructions given below.

	 	 	 	 	 
	 	 	 
	 	      
 	 
	 	Signature 	 
	 	 	 
	 
	 	 	 
	 	      
 	 
	 	Signature Guaranteed 	 
	 	 	 
	 

INSTRUCTIONS FOR REGISTRATION OF SECURITIES

			
	Name	 	

 

(Print in Block Letters)

			
	Address	 	

 

     NOTICE: THE SIGNATURE TO THIS FORM MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF
THE WITHIN PURCHASE OPTION IN EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE
WHATSOEVER, AND MUST BE GUARANTEED BY A BANK, OTHER THAN A SAVINGS BANK, OR BY A TRUST COMPANY OR
BY A FIRM HAVING MEMBERSHIP ON A REGISTERED NATIONAL SECURITIES EXCHANGE.

14

 

Form to be used to assign Purchase Option:

Ideation Acquisition Corp.

100 North Crescent Drive

Beverly Hills, CA 90210

ASSIGNMENT

     (To be executed by the registered Holder to effect a transfer of the within Purchase Option):

     FOR VALUE RECEIVED,                      does hereby sell, assign and transfer
unto                      the right to purchase            Units of IDEATION ACQUISITION
CORP. (“Company”) evidenced by the within Purchase Option and does hereby authorize the Company to
transfer such right on the books of the Company.

Dated:                    , 200_

	 	 	 	 	 
	 	 	 
	 	 
 	 
	 	Signature 	 
	 	 	 
	 
	 	 	 
	 	 
 	 
	 	Signature Guaranteed 	 
	 	 	 
	 

     NOTICE: THE SIGNATURE TO THIS FORM MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF
THE WITHIN PURCHASE OPTION IN EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE
WHATSOEVER, AND MUST BE GUARANTEED BY A BANK, OTHER THAN A SAVINGS BANK, OR BY A TRUST COMPANY OR
BY A FIRM HAVING MEMBERSHIP ON A REGISTERED NATIONAL SECURITIES EXCHANGE.

15EX-10.6 Form of Registration Rights Agreement

 

EXHIBIT 10.6

IDEATION ACQUISITION CORP.

[FORM OF REGISTRATION RIGHTS AGREEMENT]

     THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is entered into as of                     ,
2007, by and among Ideation Acquisition Corp., a Delaware corporation (the “Company”) and
the Persons listed on Schedule A hereto (each an “Investor” and collectively, the
“Investors”).

     WHEREAS, the Investors collectively beneficially own 2,500,000 shares (the “Initial
Shares”) of the Company’s common stock, par value $0.0001 per share (the “Common
Stock”), and 2,400,000 warrants (the “Insider Warrants” and together with the Initial
Shares and the shares of Common Stock issuable upon exercise of the Insider Warrant, the
“Insider Securities”), each to purchase one share of Common Stock, all of which were
acquired by private placement and are currently held of record by the Investors;

     WHEREAS, the Investors and the Company desire to enter into this Agreement to provide the
Investors with certain rights relating to the registration of the Insider Securities;

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

ARTICLE I

DEFINITIONS

     1.1. Defined Terms. As used in this Agreement, the following terms shall have the
following meanings:

     “Adverse Disclosure” means public disclosure of material non-public information, which
disclosure, in the good faith judgment of the chief executive officer or principal financial
officer of the Company after consultation with counsel to the Company, (i) would be required to be
made in any Registration Statement or prospectus in order for the applicable Registration Statement
or prospectus not to contain any untrue statement of a material fact or omit to state a material
fact necessary to make the statements therein (in the case of any prospectus and any preliminary
prospectus, in light of the circumstances under which they were made) not misleading, (ii) would
not be required to be made at such time if the Registration Statement were not being filed and
(iii) the Company has a bona fide business purpose for not publicly making it.

     “Agreement” has the meaning set forth in the preamble hereto.

     “business day” means any day, except a Saturday, Sunday or legal holiday on which the
banking institutions in the City of New York are authorized or obligated by law or executive order
to close.

     “Commission” means the Securities and Exchange Commission.

     “Common Stock” has the meaning set forth in the recitals.

     “Company” has the meaning set forth in the preamble and shall include the Company’s
successors by merger, acquisition, reorganization or otherwise.

     “Demand Registration” has the meaning set forth in Section 2.1(a).

     “Demanding Holder” has the meaning set forth in Section 2.1(a).

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

 

 

     “Form S-3” has the meaning set forth in Section 2.3.

     “holder” or “holders” means any holder or holders of Registrable Securities
who is a party hereto or who otherwise agrees in writing to be bound by the provisions of this
Agreement pursuant to Section 3.3.

     “Initial Business Combination” has the meaning set forth in the Company’s Amended and
Restated Certificate of Incorporation.

     “Initial Shares” has the meaning set forth in the recitals.

     “Insider Securities” has the meaning set forth in the recitals.

     “Insider Warrants” has the meaning set forth in the recitals..

     “Insider Warrant Shares” means the shares of Common Stock issuable upon exercise of
the Insider Warrants.

     “Investor” has the meaning set forth in the preamble hereto.

     “Loss” has the meaning set forth in Section 2.7.

     “Maximum Number of Securities” has the meaning set forth in Section 2.1(g).

     “NASD” means the National Association of Securities Dealers, Inc.

     “Option Securities” has the meaning set forth in Section 2.1(g).

     “Person” shall be construed as broadly as possible and shall include an individual,
corporation, association, partnership (including a limited liability partnership or a limited
liability limited partnership), limited liability company, estate, trust, joint venture,
unincorporated organization or a government or any department, agency or political subdivision
thereof.

     “Piggy-Back Registration” has the meaning set forth in Section 2.2(a).

     “Pro Rata” has the meaning set forth in Section 2.1(g).

     “Registrable Securities” means the Initial Shares, the Insider Warrants and the
Insider Warrant Shares, in each case after their respective Trigger Dates; provided, however, that
any of the foregoing securities shall cease to be Registrable Securities to the extent that (i) a
Registration Statement with respect to their sale has been declared effective under the Securities
Act and they have been sold, transferred, disposed of or exchanged pursuant to such Registration
Statement, (ii) they have been otherwise transferred pursuant to Rule 144 under the Securities Act
(or any similar rule or regulation then in force), new certificates for them not bearing a legend
restricting transfer under the Securities Act shall have been delivered by the Company and they may
be publicly resold without volume or method of sale restrictions without registration under the
Securities Act or (iii) they have ceased to be outstanding. For purposes of this Agreement, the
Initial Shares and the Insider Warrant Shares shall together constitute one “class” of Registrable
Securities and the Insider Warrants shall constitute another class of Registrable Securities,
provided that no Registrable Securities shall be part of the relevant class until the Trigger Date
for such Registrable Securities. A “percentage” (or a “majority”) of the Registrable Securities or
any class thereof (or, where applicable, of any other securities) shall be determined based on the
total number of such securities outstanding at the relevant time.

     “registration” means a registration of the Company’s securities for sale to the public
under a Registration Statement.

2

 

     “Registration Statement” means any registration statement (other than a registration
statement on Form S-4 or Form S-8) of the Company for a public offering of the Company’s securities
filed with, or to be filed with, the SEC under the rules and regulations promulgated under the
Securities Act, including the prospectus, amendments and supplements to such registration
statement, including post-effective amendments, and all exhibits and all material incorporated by
reference in such registration statement.

     “Trigger Date” means, with respect to the Insider Warrants and Insider Warrant Shares,
the date that the Company consummates an Initial Business Combination, and with respect to the
Initial Shares, the date that is nine months after the date that the Company consummates an Initial
Business Combination.

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

     “Underwritten Offering” means a registration in which securities of the Company are
sold to an underwriter or underwriters on a firm commitment basis for reoffering to the public.

     “Unit Purchase Option” has the meaning set forth in Section 2.1(g).

ARTICLE II

REGISTRATION RIGHTS

     2.1. Demand Registration.

          (a) Demand by Holders.

               (i) At any time and from time to time on or after the applicable Trigger Date, the holders of
not less than a majority of any class of the Registrable Securities may make a written request to
the Company for registration of all or part of such class of Registrable Securities held by those
holders; provided that the estimated market value of the Registrable Securities of all classes to
be so registered thereunder is at least $500,000 in the aggregate. Any such requested registration
shall be referred to as a “Demand Registration.” Each request for a Demand Registration
shall specify the class(es) and aggregate amount(s) of Registrable Securities to be registered and
the intended method(s) of distribution thereof.

               (ii) Within five (5) business days following receipt of any request for a Demand Registration,
the Company shall deliver written notice of such request to all other holders of Registrable
Securities of the class or classes to be registered. Subject to Sections 2.1(e) and 2.1(g), the
Company shall include in such Demand Registration any additional Registrable Securities of each
such class which the holder or holders thereof have requested in writing be included in such Demand
Registration, provided that all such requests have been received by the Company within ten (10)
business days of the Company’s having sent the applicable notice to such holder or holders (each
such holder including Registrable Securities in such Demand Registration, a “Demanding
Holder”). All such requests shall specify the class and aggregate amount of Registrable
Securities to be registered and the intended method(s) of distribution. The Company may include in
such registration additional securities of the class or classes of the Registrable Securities to be
registered thereunder, including securities to be sold for the Company’s own account or for the
account of Persons who are not holders of Registrable Securities.

               (iii) As promptly as practicable, and, in any event, within sixty (60) days following receipt
of a request for a Demand Registration, the Company shall file a Registration Statement relating to
such Demand Registration and thereafter the Company shall use its reasonable best efforts to cause
such Registration Statement to be declared effective under the Securities Act.

          (b) Limitation on Demand Registrations. In no event shall the Company be required to
effect more than two (2) Demand Registrations, only one of which may be effected prior to the last
of the Trigger Dates. In addition, the Company shall not be required to file a Registration
Statement for a Demand Registration at any time during the 12-month period following the effective
date of another Registration Statement filed pursuant to this Section 2.1.

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          (c) Effective Registration. The Company shall be deemed to have effected a Demand
Registration if the applicable Registration Statement is declared effective by the SEC and remains
effective for not less than 180 days (or such shorter period as will terminate when all Registrable
Securities covered by such Registration Statement have been sold or withdrawn) and the Company has
complied with all of its obligations under this Agreement with respect thereto; provided, however,
that if, after such Registration Statement has been declared effective, the offering of Registrable
Securities pursuant to a Demand Registration is interfered with by any stop order or injunction of
the SEC or any other governmental agency or court, the Registration Statement with respect to such
Demand Registration will be deemed not to have been declared effective, unless and until, (i) such
stop order or injunction is removed, rescinded or otherwise terminated, and (ii) holders of a
majority of the relevant class or classes of Registrable Securities thereafter elect to continue
the offering; provided, further, that the Company shall not be obligated to file a second
Registration Statement until a Registration Statement that has been filed is counted as a Demand
Registration or is terminated.

          (d) Demand Withdrawal. A holder may withdraw its Registrable Securities from a Demand
Registration at any time. If all holders withdraw, or holders withdraw Registrable Securities from
a Demand Registration in such amounts that the Registrable Securities of all classes that remain
covered by the relevant Registration Statement have an estimated market value of less than
$500,000, the Company shall cease all efforts to secure registration and such registration shall
not be deemed a Demand Registration for purposes of this Section 2.1.

          (e) Suspension of Registration. If the filing, initial effectiveness or continued use
of a Registration Statement in respect of a Demand Registration at any time would require the
Company to make an Adverse Disclosure or would require the inclusion in such Registration Statement
of financial statements that are unavailable to the Company for reasons beyond the Company’s
control, the Company may, upon giving prompt written notice of such action to the holders, delay
the filing or initial effectiveness of, or suspend use of, such Registration Statement for the
shortest possible period of time determined in good faith by the Company to be necessary for such
purpose. In the event the Company exercises its rights under the preceding sentence, the holders
agree to suspend, immediately upon their receipt of the notice referred to above, their use of the
prospectus relating to the Demand Registration in connection with any sale or offer to sell
Registrable Securities and agree not to disclose to any other Person the fact that the Company has
exercised such rights or any related facts. The Company shall immediately notify the holders of the
expiration of any period during which it exercised its rights under this Section 2.1(e).

          (f) Underwritten Offering. If the holders of not less than a majority of any class of
Registrable Securities that is included in any offering pursuant to a Demand Registration so elect,
the offering of all of the Registrable Securities of that class shall be in the form of an
Underwritten Offering and the right of any holder to include Registrable Securities of that class
in the Demand Registration shall be conditioned upon such holder’s participation in the
Underwritten Offering. The Company shall have the right to select the managing underwriter or
underwriters for the offering. All holders proposing to distribute their Registrable Securities
through such an underwriting shall enter into an underwriting agreement in customary form with the
underwriter(s) selected for such underwriting.

          (g) Reduction of Offering. If the managing underwriter or underwriters of a proposed
Underwritten Offering of a class of Registrable Securities included in a Demand Registration,
inform the holders of such Registrable Securities and the Company in writing that, in its or their
opinion, the number of securities of such class requested to be included in such Demand
Registration, including securities of the Company for its own account or for the account of other
Persons who are not holders of Registrable Securities that the Company desires to sell and any
securities as to which registration has been requested pursuant to written piggy-back registration
rights, exceeds the maximum dollar amount or maximum number of securities, as applicable, that can
be sold in such offering without being likely to have a significant adverse effect on the price,
timing or distribution of the class of securities offered or the market for the class of securities
offered (such maximum dollar amount or maximum number of securities, as applicable, the
“Maximum Number of Securities”), then the Company shall include in such registration:

               (i) first, Registrable Securities as to which Demand Registration has been requested by the
Demanding Holders, in an amount up to but not exceeding the Maximum Number of Securities (allocated
pro rata in accordance with the number of shares or other securities that each such Person has
requested be included in

4

 

such registration, regardless of the number of Registrable Securities held by each such Person
(such proportion is referred to herein as “Pro Rata”));

               (ii) second, to the extent that the Maximum Number of Securities has not been reached under
the foregoing clause (i), securities that the Company desires to sell that can be sold without
exceeding the Maximum Number of Securities;

               (iii) third, to the extent that the Maximum Number of Securities has not been reached under
the foregoing clauses (i) and (ii), securities registrable pursuant to the terms of the Unit
Purchase Option issued or to be issued to Lazard Capital Markets or LLC in connection with the
Company’s initial public offering (the “Unit Purchase Option,” and such registrable
securities, the “Option Securities”) as to which “piggy-back” registration has been
requested by the holders thereof, Pro Rata, that can be sold without exceeding the Maximum Number
of Shares; and

               (iv) fourth, to the extent that the Maximum Number of Securities has not been reached under
the foregoing clauses (i), (ii) and (iii), securities for the account of other Persons that the
Company is obligated to register pursuant to written contractual arrangements with such Persons and
that can be sold without exceeding the Maximum Number of Securities.

          To the extent that any Registrable Securities requested to be registered are excluded pursuant
to the foregoing provisions, the holders shall have the right to one additional Demand Registration
under this Section 2.1.

     2.2. Piggy-Back Registration.

          (a) Piggy-Back Rights.

               (i) If at any time on or after the date that the Company consummates an Initial Business
Combination, the Company proposes to file a Registration Statement with respect to any offering of
its securities for its own account or for the account of any holders of its securities (or by the
Company and by security holders of the Company, including, without limitation, pursuant to Section
2.1 hereof), other than (A) a registration of securities relating solely to an offering and sale to
employees or directors of the Company pursuant to any employee stock plan or other employee benefit
plan arrangement, (B) a registration on Form S-4 or S-8 or any successor form to such forms, (C) an
exchange offer or offering of securities solely to the Company’s existing shareholders, (D) an
offering of debt that is convertible into equity securities, (E) a dividend reinvestment plan, or
(F) solely in connection with a merger, consolidation or non-capital raising bona fide business
transaction, then, as soon as practicable (but in no event less than ten (10) business days prior
to the proposed date of filing such Registration Statement), the Company shall give written notice
of such proposed filing to all holders of Registrable Securities, which notice shall describe the
amount and class of securities to be included in such offering, the intended method(s) of
distribution and the name of the proposed managing underwriter or underwriters, if any, of the
offering, and such notice shall offer the holders of such Registrable Securities the opportunity to
register such number of Registrable Securities as each such holder may request in writing (a
“Piggy-Back Registration”). Subject to Section 2.2(b), the Company shall include in such
Registration Statement all such Registrable Securities requested to be included therein within five
(5) business days after the receipt by such holder of any such notice, on the same terms and
conditions as any similar securities of the Company. If at any time after giving written notice of
its intention to register any securities and prior to the effective date of the Registration
Statement filed in connection with such registration, the Company shall determine for any reason
not to register or to delay registration of such securities, the Company may, at its election, give
written notice of such determination to each holder of Registrable Securities and, (x) in the case
of a determination not to register, shall be relieved of its obligation to register any Registrable
Securities in connection with such registration, and (y) in the case of a determination to delay
registering, shall be permitted to delay registering any Registrable Securities for the same period
as the delay in registering such other securities.

               (ii) If the offering pursuant to a Piggy-Back Registration is to be an Underwritten Offering,
then each holder making a request for its Registrable Securities to be included therein must, and
the Company shall use its reasonable best efforts to make such arrangements with the underwriters
so that each such

5

 

holder may, participate in such Underwritten Offering on the same terms and conditions as the
Company and other Persons selling securities in such Underwritten Offering. If the offering
pursuant to such registration is to be on any other basis, then each holder making a request for a
Piggy-Back Registration pursuant to this Section 2.2(a) must participate in such offering on such
basis.

               (iii) Each holder of Registrable Securities shall be permitted to withdraw all or part of such
holder’s Registrable Securities from a Piggy-Back Registration by giving written notice to the
Company prior to the effectiveness of the Registration Statement.

          (b) Reduction of Piggy-Back Registration. If the managing underwriter or underwriters
of any proposed Underwritten Offering of a class of securities included in a Piggy-Back
Registration (or in the case of a Piggy-Back Registration not being underwritten, the Company)
informs the holders of Registrable Securities of any class sought to be included in such
registration in writing that, in its or their opinion, the total amount or kind of securities which
such holders and any other Persons intend to include in such offering exceeds the number which can
be sold in such offering without being likely to have a significant adverse effect on the price,
timing or distribution of the class or classes of the securities offered or the market for the
class or classes of securities offered or the Company’s common stock, then the securities of each
class to be included in such registration shall be allocated as follows:

               (i) if the registration is undertaken for the Company’s account: (x) first, the securities
that the Company desires to sell that can be sold without exceeding the Maximum Number of
Securities; (y) second, to the extent that the Maximum Number of Securities has not been reached
under the foregoing clause (x), Registrable Securities and Option Securities, as to which
registration has been requested pursuant to the applicable written contractual piggy-back
registration rights of the holders of such securities, Pro Rata, that can be sold without exceeding
the Maximum Number of Securities; and (z) third, to the extent that the Maximum Number of
Securities has not been reached under the foregoing clauses (x) and (y), securities for the account
of other Persons that the Company is obligated to register pursuant to written contractual
piggy-back registration rights with such Persons and that can be sold without exceeding the Maximum
Number of Securities;

               (ii) if the registration is a demand registration undertaken at the demand of holders of
Option Securities, (w) first, securities for the account of the demanding persons, Pro Rata, that
can be sold without exceeding the Maximum Number of Securities; (x) second, to the extent that the
Maximum Number of Securities has not been reached under the foregoing clause (w), the securities
that the Company desires to sell that can be sold without exceeding the Maximum Number of
Securities; (y) third, to the extent that the Maximum Number of Securities has not been reached
under the foregoing clauses (w) and (x), Registrable Securities, Pro Rata, as to which registration
has been requested pursuant to the terms hereof, that can be sold without exceeding the Maximum
Number of Securities; and (z) fourth, to the extent that the Maximum Number of Shares has not been
reached under the foregoing clauses (w), (x) and (y), securities for the account of other Persons
that the Company is obligated to register pursuant to written contractual piggy-back registration
rights with such Persons and that can be sold without exceeding the Maximum Number of Securities;
and

               (iii) if the registration is a demand registration undertaken at the demand of Persons with
demand rights pursuant to a written contractual arrangement other than this Agreement or the Unit
Purchase Option, (w) first, securities for the account of the demanding Persons that can be sold
without exceeding the Maximum Number of Securities; (x) second, to the extent that the Maximum
Number of Securities has not been reached under the foregoing clause (w), securities that the
Company desires to sell and that can be sold without exceeding the Maximum Number of Securities;
(y) third, to the extent that the Maximum Number of Securities has not been reached under the
foregoing clauses (w) and (x), Registrable Securities and Option Securities, as to which
registration has been requested pursuant to the applicable written contractual piggy-back
registration rights of the holders of such securities, Pro Rata, that can be sold without exceeding
the Maximum Number of Securities; and (z) fourth, to the extent that the Maximum Number of
Securities have not been reached under the foregoing clauses (w), (x) and (y), securities for the
account of other Persons that the Company is obligated to register pursuant to written contractual
piggy-back registration rights with such Persons and that can be sold without exceeding the Maximum
Number of Securities.

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     2.3. Registrations on Form S-3.

          (a) Filing. The holders of Registrable Securities may at any time and from time to
time on or after the applicable Trigger Date, request in writing that the Company register the
resale of any or all of such Registrable Securities on Form S-3 or a successor or other
appropriate, similar short-form registration statement which may be available at such time
(“Form S-3”); provided, however, that (i) the Company shall not be obligated to effect such
registration through an Underwritten Offering and (ii) the Company shall not be obligated to effect
such registration if the Company has within the preceding twelve (12) months effected a
registration on Form S-3. Upon receipt of such written request, the Company will promptly give
written notice of the proposed registration to all other holders of Registrable Securities, and, as
soon as practicable thereafter, effect the registration of all or such portion of such holder’s or
holders’ Registrable Securities as are specified in such request, together with all or such portion
of the Registrable Securities of any other holder or holders joining in such request as are
specified in a written request given within ten (10) business days after receipt of such written
notice from the Company; provided, however, that the Company shall not be obligated to effect any
such registration pursuant to this Section 2.3: (i) if Form S-3 is not available for such offering;
or (ii) if the holders of the Registrable Securities, together with the holders of any other
securities of the Company entitled to inclusion in such registration, propose to sell Registrable
Securities at an aggregate offering price to the public of less than $500,000. Registrations
effected pursuant to this Section 2.3 shall not be counted as Demand Registrations effected
pursuant to Section 2.1.

          (b) Suspension of Registration. If the filing, initial effectiveness or continued use
of Form S-3 at any time would require the Company to make an Adverse Disclosure or would require
the inclusion in such Form S-3 of financial statements that are unavailable to the Company for
reasons beyond the Company’s control, the Company may, upon giving prompt written notice of such
action to the holders, delay the filing or initial effectiveness of, or suspend use of, the Form
S-3 for the shortest period of time determined in good faith by the Company to be necessary for
such purpose. In the event the Company exercises its rights under the preceding sentence, the
holders agree to suspend, immediately upon their receipt of the notice referred to above, their use
of the prospectus relating to the registration on such Form S-3 in connection with any sale or
offer to sell Registrable Securities and agree not to disclose to any other Person the fact that
the Company has exercised such rights or any related facts. The Company shall immediately notify
the holders upon the expiration of any period during which it exercised its rights under this
Section 2.3(b).

     2.4. Registration Procedures.

          (a) In connection with the Company’s registration obligations in this Agreement, the Company
will, subject to the limitations set forth herein, use its reasonable best efforts to effect any
such registration so as to permit the sale of the applicable Registrable Securities in accordance
with the intended method or methods of distribution thereof as expeditiously as reasonably
practicable, and in connection therewith the Company will:

               (i) before filing a Registration Statement or prospectus, or any amendment or supplement
thereto, furnish without charge to the holders of Registrable Securities included in such
registration, and such holders’ legal counsel, copies of such Registration Statement as proposed to
be filed and the prospectus included in such Registration Statement (including each preliminary
prospectus), each amendment and supplement to such Registration Statement and such other documents
as the holders of Registrable Securities included in such registration or legal counsel for any
such holders may reasonably request in order to facilitate the disposition of the Registrable
Securities owned by such holders;

               (ii) prepare and file with the SEC such amendments or supplements to the applicable
Registration Statement or prospectus as may be (A) reasonably requested by any participating holder
(to the extent such request relates to information relating to such holder), (B) necessary to keep
such registration effective for the period of time required by this Agreement or (C) reasonably
requested by the holders of a majority of any class of the participating Registrable Securities;

               (iii) notify the selling holders of Registrable Securities and the managing underwriter or
underwriters, if any, and (if requested) confirm such advice in writing, as soon as reasonably
practicable after notice thereof is received by the Company (A) when the applicable Registration
Statement or any amendment thereto has been filed or becomes effective and when the applicable
prospectus or any amendment or supplement

7

 

thereto has been filed, (B) of any written comments by the SEC or any request by the SEC or
any other federal or state governmental authority for amendments or supplements to such
Registration Statement or prospectus or for additional information, (C) of the issuance by the SEC
or any other governmental agency or court of any stop order suspending the effectiveness of such
Registration Statement or any order preventing or suspending the use of any preliminary or final
prospectus or the initiation or threat of any proceedings for such purposes and (D) of the receipt
by the Company of any notification with respect to the suspension of the qualification of the
Registrable Securities for offering or sale in any jurisdiction or the initiation or threat of any
proceeding for such purpose;

               (iv) promptly notify each selling holder of Registrable Securities and the managing
underwriter or underwriters, if any, when the Company becomes aware of the happening of any event
as a result of which the applicable Registration Statement or prospectus (as then in effect)
contains any untrue statement of a material fact or omits to state a material fact necessary to
make the statements therein (in the case of the prospectus and any preliminary prospectus, in light
of the circumstances under which they were made) not misleading or, if for any other reason it
shall be necessary to amend or supplement such Registration Statement or prospectus in order to
comply with the Securities Act and, in either case as promptly as reasonably practicable
thereafter, prepare and file with the SEC an amendment or supplement to such Registration Statement
or prospectus which will correct such statement or omission or effect such compliance;

               (v) make every reasonable effort to prevent or obtain at the earliest possible moment the
withdrawal of any stop order with respect to the applicable Registration Statement or other order
suspending the use of any preliminary or final prospectus;

               (vi) promptly incorporate in a prospectus supplement or post-effective amendment to the
applicable Registration Statement such information as the managing underwriter or underwriters, if
any, or the holders of a majority of the Registrable Securities of the class being sold agree
should be included therein relating to the plan of distribution with respect to such Registrable
Securities; and make all required filings of such prospectus supplement or post-effective amendment
as soon as reasonably practicable after being notified of the matters to be incorporated in such
prospectus supplement or post-effective amendment;

               (vii) furnish to each selling holder of Registrable Securities and each managing underwriter,
if any, without charge, as many conformed copies as such holder or managing underwriter may
reasonably request of the applicable Registration Statement;

               (viii) deliver to each selling holder of Registrable Securities and each managing underwriter,
if any, without charge, as many copies of the applicable prospectus (including each preliminary
prospectus) as such holder or managing underwriter may reasonably request (its being understood
that the Company consents to the use of the prospectus by each of the selling holders of
Registrable Securities and the underwriter or underwriters, if any, in connection with the offering
and sale of the Registrable Securities covered by the prospectus) and such other documents as such
selling holder or managing underwriter may reasonably request in order to facilitate the
disposition of the Registrable Securities by such holder or underwriter;

               (ix) on or prior to the date on which the applicable Registration Statement is declared
effective, use its reasonable best efforts to register or qualify such Registrable Securities for
offer and sale under the securities or “blue sky” laws of each state and other jurisdiction of the
United States, as any such selling holder or underwriter, if any, or their respective counsel
reasonably requests in writing, and do any and all other acts or things reasonably necessary or
advisable to keep such registration or qualification in effect so as to permit the commencement and
continuance of sales and dealings in such jurisdictions for as long as may be necessary to complete
the distribution of the Registrable Securities covered by the Registration Statement; provided,
however, that the Company will not be required to qualify generally to do business in any
jurisdiction where it is not then so qualified or to take any action which would subject it to
taxation or general service of process in any such jurisdiction where it is not then so subject;

               (x) cooperate with the selling holders of Registrable Securities and the managing underwriter,
underwriters or agent, if any, to facilitate the timely preparation and delivery of certificates
representing Registrable Securities to be sold and not bearing any restrictive legends;

8

 

               (xi) not later than the effective date of the applicable Registration Statement, provide a
CUSIP number for all Registrable Securities and provide the applicable transfer agent with printed
certificates for the Registrable Securities which certificates shall be in a form eligible for
deposit with The Depository Trust Company;

               (xii) obtain (if requested) for delivery to the holders of each class of Registrable
Securities being registered and to the underwriter or underwriters, if any, an opinion or opinions
from counsel for the Company dated the effective date of the Registration Statement or, in the
event of an Underwritten Offering, the date of the closing under the underwriting agreement, in
customary form, scope and substance, at a minimum to the effect that the Registration Statement has
been declared effective and that no stop order is in effect, which counsel and opinions shall be
reasonably satisfactory to a majority of the holders of each such class and underwriter or
underwriters, if any, and their respective counsel;

               (xiii) in the case of an Underwritten Offering, obtain for delivery to the Company and the
underwriter or underwriters, if any, with copies to the holders of Registrable Securities included
in such registration, such cold comfort letter(s) from the Company’s independent registered public
accounting firm in customary form and covering such matters of the type customarily covered by cold
comfort letters as the managing underwriter or underwriters reasonably request;

               (xiv) cooperate with each seller of Registrable Securities and each underwriter or agent, if
any, participating in the disposition of such Registrable Securities and their respective counsel
in connection with any filings required to be made with the NASD;

               (xv) use its reasonable best efforts to comply with all applicable rules and regulations of
the SEC and make generally available to its security holders, as soon as reasonably practicable
(but not more than 15 months) after the effective date of the applicable Registration Statement, an
earnings statement satisfying the provisions of Section 11(a) of the Securities Act and the rules
and regulations promulgated thereunder;

               (xvi) cause all Registrable Securities of a class covered by the applicable Registration
Statement to be listed on each securities exchange on which any of the Company’s securities of such
class are then listed or quoted and on each inter-dealer quotation system on which any of the
Company’s securities of such class are then quoted;

               (xvii) make available upon reasonable notice at reasonable times and for reasonable periods
for inspection by a representative appointed by the holders of a majority of the Registrable
Securities of each class covered by the applicable Registration Statement, by any managing
underwriter or underwriters participating in any disposition to be effected pursuant to such
Registration Statement and by any attorney, accountant or other agent retained by such sellers or
any such managing underwriter, all pertinent financial and other records, pertinent corporate
documents and properties of the Company, and cause all of the Company’s officers, directors and
employees and the independent public accountants who have certified its financial statements to
make themselves available to discuss the business of the Company and to supply all information
reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection
with such Registration Statement as shall be necessary to enable them to exercise their due
diligence responsibility (subject to the entry by each party referred to in this clause (xviii)
into customary confidentiality agreements in a form reasonably acceptable to the Company); and

               (xviii) in the case of an Underwritten Offering, cause senior executive officers of the
Company to participate in customary “road show” presentations that may be reasonably requested by
the managing underwriter in any such Underwritten Offering and otherwise to facilitate, cooperate
with, and participate in each proposed offering contemplated herein and customary selling efforts
related thereto.

          (b) The Company may require each selling holder of Registrable Securities as to which any
registration is being effected to furnish to the Company such information regarding the
distribution of such securities and such other information relating to such holder and its
ownership of the applicable Registrable Securities as the Company may from time to time reasonably
request. Each holder of Registrable Securities agrees to furnish such information to the Company
and to cooperate with the Company as necessary to enable the Company

9

 

to comply with the provisions of this Agreement. The Company shall have the right to exclude
any holder that does not comply with the preceding sentence from the applicable registration.

     2.5. Obligation to Suspend Distribution.

          (a) Each holder of Registrable Securities agrees by acquisition of such Registrable Securities
that, upon receipt of any notice from the Company of the happening of any events of the kind
described in Sections 2.4(a)(iii)(C), 2.4(a)(iii)(D) (in any applicable state) or 2.4(a)(iv), such
holder will discontinue disposition of its Registrable Securities pursuant to the Registration
Statement, in the case of Section 2.4(a)(iv), until the holder receives copies of the supplemented
or amended prospectus contemplated by Section 2.4(a)(iv), or in any case until the holder is
advised in writing by the Company that the use of the prospectus may be resumed, and receives
copies of any additional or supplemental filings that are incorporated by reference in the
prospectus and, if so directed by the Company, the holder will deliver to the Company (at the
Company’s expense) all copies, other than permanent file copies then in such holder’s possession,
of the prospectus covering such Registrable Securities that are current at the time of the receipt
of such notice. In the event that the Company shall give any such notice in respect of a Demand
Registration, the period during which the applicable Registration Statement is required to be
maintained effective shall be extended by the number of days during the period from and including
the date of the giving of such notice to and including the date when each seller of Registrable
Securities covered by such Registration Statement either receives the copies of the supplemented or
amended prospectus contemplated by Section 2.4(a)(iv) or is advised in writing by the Company that
the use of the prospectus may be resumed.

          (b) In the case of a resale registration on Form S-3 pursuant to Section 2.3, upon any
suspension by the Company, pursuant to a written insider trading compliance program adopted by the
Company’s board of directors, of the ability of all “insiders” covered by such program to transact
in the Company’s securities because of the existence of material non-public information, each
holder of Registrable Securities included in any registration shall immediately discontinue
disposition of such Registrable Securities pursuant to the Registration Statement covering such
Registrable Securities until the restriction on the ability of “insiders” to transact in the
Company’s securities is removed.

     2.6. Registration Expenses.

          (a) The Company shall pay all of the expenses set forth in this paragraph (a) in connection
with a registration under this Agreement of Registrable Securities. Such expenses are (i) all
registration and filing fees, and any other fees and expenses associated with filings required to
be made with the SEC or the NASD, (ii) all fees and expenses of compliance with state securities or
“blue sky” laws, (iii) all printing, duplicating, word processing, messenger, telephone, facsimile
and delivery expenses (including expenses of printing certificates for the Registrable Securities
in a form eligible for deposit with The Depository Trust Company and of printing prospectuses),
(iv) all fees and disbursements of counsel for the Company and of all independent certified public
accountants of the Company, (v) Securities Act liability insurance or similar insurance if the
Company so desires and (vi) all fees and expenses incurred in connection with the listing of the
Registrable Securities on any securities exchange or the quotation of the Registrable Securities on
any inter-dealer quotation system. In addition, in all cases the Company shall pay its internal
expenses (including, without limitation, all salaries and expenses of its officers and employees
performing legal or accounting duties), the expense of any audit and the fees and expenses of any
other Persons retained by the Company, including any special experts. In addition, the Company
shall pay all reasonable fees and disbursements not to exceed $50,000 of one law firm or other
counsel selected by the holders of a majority of the Registrable Securities being registered.

          (b) The Company shall not be required to pay any other costs or expenses in the course of the
transactions contemplated hereby, including underwriting discounts and commissions and transfer
taxes attributable to the sale of Registrable Securities and the fees and expenses of any counsel
to any holder of Registrable Securities other than as provided pursuant to the last sentence of the
preceding paragraph (a), or of counsel to the underwriters.

     2.7. Indemnification.

          (a) Indemnification by the Company. The Company agrees to indemnify and hold
harmless, to the full extent permitted by law, each holder of Registrable Securities and their
respective officers, directors,

10

 

employees, advisors and agents and each Person who controls (within the meaning of the
Securities Act or the Exchange Act) such Persons from and against any and all losses, claims,
damages, liabilities (or actions or proceedings in respect thereof, whether or not such indemnified
party is a party thereto) and expenses (including reasonable costs of investigation and legal
expenses), joint or several (each, a “Loss” and collectively “Losses”), arising out
of or based upon (i) any untrue or alleged untrue statement of a material fact contained in any
Registration Statement under which such Registrable Securities were registered under the Securities
Act (including any final, preliminary or summary prospectus contained therein or any amendment
thereof or supplement thereto or any documents incorporated by reference therein) or (ii) any
omission or alleged omission to state therein a material fact required to be stated therein or
necessary to make the statements therein (in the case of a prospectus or preliminary prospectus, in
light of the circumstances under which they were made) not misleading; provided, however, that the
Company shall not be liable to any indemnified party in any such case to the extent that any such
Loss arises out of or is based upon an untrue statement or alleged untrue statement or omission or
alleged omission made in any such Registration Statement in reliance upon and in conformity with
written information furnished to the Company by such holder expressly for use in the preparation
thereof; and provided, further, that the Company will not be liable to any indemnified party in any
case to the extent that any such Loss arises out of or is based upon any untrue statement or
alleged untrue statement or omission or alleged omission made in any final, preliminary or summary
prospectus if such untrue statement or alleged untrue statement or omission or alleged omission is
corrected in an amendment or supplement to such prospectus which has been made available to the
holders and the relevant holder of Registrable Securities fails to deliver such prospectus as so
amended or supplemented, if such delivery is required under applicable law or the applicable rules
of any securities exchange, prior to or concurrently with the sales of the Registrable Securities
to the Person asserting such loss, claim, damage, liability or expense. This indemnity shall be in
addition to any liability the Company may otherwise have.

          (b) Indemnification by the Holders. Each selling holder of Registrable Securities
agrees (severally and not jointly) to indemnify and hold harmless, to the full extent permitted by
law, the Company, its directors and officers and each Person who controls the Company (within the
meaning of the Securities Act or the Exchange Act) from and against any Losses resulting from any
untrue statement of a material fact or any omission of a material fact required to be stated in the
Registration Statement under which such Registrable Securities were registered under the Securities
Act (including any final, preliminary or summary prospectus contained therein or any amendment
thereof or supplement thereto or any documents incorporated by reference therein), or necessary to
make the statements therein (in the case of a prospectus or preliminary prospectus, in light of the
circumstances under which they were made) not misleading, to the extent, but only to the extent,
that such untrue statement or omission had been contained in any information furnished in writing
by such selling holder to the Company specifically for inclusion in such Registration Statement and
was not corrected in a subsequent writing prior to or concurrently with the sale of the Registrable
Securities to the Person asserting such loss, claim, damage, liability or expense. This indemnity
shall be in addition to any liability such holder may otherwise have. Such indemnity shall remain
in full force and effect regardless of any investigation made by or on behalf of the Company or any
indemnified party. In no event shall the liability of any selling holder of Registrable Securities
hereunder be greater in amount than the dollar amount of the proceeds received by such holder under
the sale of the Registrable Securities giving rise to such indemnification obligation.

          (c) Conduct of Indemnification Proceedings. Any Person entitled to indemnification
hereunder will (i) give prompt written notice to the indemnifying party of any claim with respect
to which it seeks indemnification (provided, however, that any delay or failure to so notify the
indemnifying party shall relieve the indemnifying party of its obligations hereunder only to the
extent, if at all, that it is actually and materially prejudiced by reason of such delay or
failure) and (ii) permit such indemnifying party to assume the defense of such claim with counsel
reasonably satisfactory to the indemnified party; provided, however, that any Person entitled to
indemnification hereunder shall have the right to select and employ separate counsel and to
participate in the defense of such claim, but the fees and expenses of such counsel shall be at the
expense of such Person unless (A) the indemnifying party has agreed in writing to pay such fees or
expenses, (B) the indemnifying party shall have failed to assume the defense of such claim within a
reasonable time after having received notice of such claim from the Person entitled to
indemnification hereunder and to employ counsel reasonably satisfactory to such Person, (C) in the
reasonable judgment of any such Person, based upon advice of its counsel, a conflict of interest
exists between such Person and the indemnifying party with respect to such claims or (D) based on
advice of counsel, the indemnified party has reasonably concluded that there may be legal defenses
available to it or other indemnified parties that are different from or in addition to those
available to the indemnifying party such that the indemnifying

11

 

party’s assumption of defense of the indemnified party would be likely to adversely affect the
defense of the indemnified party (in which case, if the Person notifies the indemnifying party in
writing that such Person elects to employ separate counsel at the expense of the indemnifying
party, the indemnifying party shall not have the right to assume the defense of such claim on
behalf of such Person). If such defense is not assumed by the indemnifying party, the indemnifying
party will not be subject to any liability for any settlement made without its consent, but such
consent may not be unreasonably withheld; provided, however, that an indemnifying party shall not
be required to consent to any settlement involving the imposition of equitable remedies or
involving the imposition of any material obligations on such indemnifying party other than
financial obligations for which such indemnified party will be indemnified hereunder. If the
indemnifying party assumes the defense, the indemnifying party shall have the right to settle such
action without the consent of the indemnified party; provided, however, that the indemnifying party
shall be required to obtain such consent (which consent shall not be unreasonably withheld) if the
settlement includes any admission of wrongdoing on the part of the indemnified party or any
restriction on the indemnified party or its officers or directors. No indemnifying party shall
consent to entry of any judgment or enter into any settlement which does not include as an
unconditional term thereof the giving by the claimant or plaintiff to each indemnified party of an
unconditional release from all liability in respect to such claim or litigation. The indemnifying
party or parties shall not, in connection with any proceeding or related proceedings, be liable for
the reasonable fees, disbursements and other charges of more than one separate firm at any one time
for all such indemnified party or parties unless (x) the employment of more than one counsel has
been authorized in writing by the indemnifying party or parties, (y) a conflict or potential
conflict exists or may exist (based on advice of counsel to an indemnified party) between such
indemnified party and the other indemnified parties or (z) based on advice of counsel, an
indemnified party has reasonably concluded that there may be legal defenses available to it that
are different from or in addition to those available to the other indemnified parties, in each of
which cases the indemnifying party shall be obligated to pay the reasonable fees and expenses of
such additional counsel or counsels.

          (d) Contribution. If for any reason the indemnification provided for in the
paragraphs (a) and (b) of this Section 2.7 is unavailable to an indemnified party or insufficient
to hold it harmless as contemplated by paragraphs (a) and (b) of this Section 2.7, then the
indemnifying party shall contribute to the amount paid or payable by the indemnified party as a
result of such Loss in such proportion as is appropriate to reflect the relative fault of the
indemnifying party on the one hand and the indemnified party on the other. The relative fault shall
be determined by reference to, among other things, whether the untrue or alleged untrue statement
of a material fact or the omission or alleged omission to state a material fact relates to
information supplied by the indemnifying party or the indemnified party and the parties’ relative
intent, knowledge, access to information and opportunity to correct or prevent such untrue
statement or omission. Notwithstanding anything in this Section 2.7(d) to the contrary, no
indemnifying party (other than the Company) shall be required pursuant to this Section 2.7(d) to
contribute any amount in excess of the amount by which the net proceeds received by such
indemnifying party from the sale of Registrable Securities in the offering to which the Losses of
the indemnified parties relate exceeds the amount of any damages which such indemnifying party has
otherwise been required to pay by reason of such untrue statement or omission. The parties hereto
agree that it would not be just and equitable if contribution pursuant to this Section 2.7(d) were
determined by pro rata allocation or by any other method of allocation that does not take account
of the equitable considerations referred to in the immediately preceding paragraph. No Person
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act)
shall be entitled to contribution from any Person who was not guilty of such fraudulent
misrepresentation. If indemnification is available under this Section 2.7, the indemnifying parties
shall indemnify each indemnified party to the full extent provided in Sections 2.7(a) and 2.7(b)
hereof without regard to the relative fault of said indemnifying parties or indemnified party.

12

 

     2.8. Rule 144. The Company covenants that it shall use its best efforts to file any
reports required to be filed by it under the Securities Act and the Exchange Act and shall take
such further action as the holders of Registrable Securities may reasonably request, all to the
extent required from time to time to enable such holders to sell Registrable Securities without
registration under the Securities Act within the limitation of the exemptions provided by Rule 144
under the Securities Act, as such Rules may be amended from time to time, or any similar Rule or
regulation hereafter adopted by the Commission.

ARTICLE III

MISCELLANEOUS

     3.1. Term. This Agreement shall terminate upon earlier of (i) the tenth anniversary
of the date of this Agreement or (ii) the date as of which (A) all of the Registrable Securities
have been sold pursuant to a Registration Statement (but in no event prior to the applicable period
referred to in Section 4(3) of the Securities Act and Rule 174 thereunder) or (B) the holders are
permitted to sell their Registrable Securities under Rule 144(k) under the Securities Act (or any
similar provision then in force permitting the sale of restricted securities without limitation on
the amount of securities sold or the manner of sale). The provisions of Section 2.7 shall survive
any termination.

     3.2. Notices. All notices, other communications or documents provided for or
permitted to be given hereunder, shall be made in writing and shall be given either personally by
hand-delivery, by facsimile transmission, by mailing the same in a sealed envelope, registered
first-class mail, postage prepaid, return receipt requested, or by air courier guaranteeing
overnight delivery:

			
	          (a)	 	if to the Company, to:

Ideation Acquisition Corp.

100 North Crescent Drive

Beverly Hills, California 90210

with a copy to:

Akerman Senterfitt

One SE Third Avenue, 25th Floor

Miami, FL 33131

Attention: Teddy D. Klinghoffer

          (b) if to an Investor, to the address set forth below such Investor’s name on the signature
page hereto.

     Each holder, by written notice given to the Company in accordance with this Section 3.2, may
change the address to which notices, other communications or documents are to be sent to such
holder. All notices, other communications or documents shall be deemed to have been duly given: (i)
at the time delivered by hand, if personally delivered; (ii) when receipt is acknowledged by
addressee, if by facsimile transmission; (iii) five business days after having been deposited in
the mail, postage prepaid, if mailed by first class mail; or (iv) on the first business day with
respect to which a reputable air courier guarantees delivery; provided, however, that notices of a
change of address shall be effective only upon receipt.

     3.3. Successors, Assigns and Transferees.

          (a) The registration rights of any holder under this Agreement with respect to any Registrable
Securities may be transferred and assigned, provided, however, that no such assignment shall be
binding upon or obligate the Company to any such assignee unless and until the Company shall have
received notice of such assignment as herein provided and a written agreement of the assignee to be
bound by the provisions of this Agreement. Any transfer or assignment made other than as provided
in the first sentence of this Section 3.3 shall be null and void.

13

 

          (b) This Agreement shall be binding upon and shall inure to the benefit of the parties hereto,
and their respective successors and permitted assigns.

     3.4. Governing Law. This Agreement shall be deemed to be a contract made under the
laws of the State of Delaware and for all purposes shall be construed in accordance with the
internal laws of said State.

     3.5. Headings. The section and paragraph headings contained in this Agreement are for
reference purposes only and shall not in any way affect the meaning or interpretation of this
Agreement.

     3.6. Severability. Whenever possible, each provision or portion of any provision of
this Agreement will be interpreted in such manner as to be effective and valid under applicable law
but if any provision or portion of any provision of this Agreement is held to be invalid, illegal
or unenforceable in any respect under any applicable law in any jurisdiction, such invalidity,
illegality or unenforceability will not affect any other provision or portion of any provision in
such jurisdiction, and this agreement will be reformed, construed and enforced in such jurisdiction
as if such invalid, illegal or unenforceable provision or portion of any provision had never been
contained therein.

     3.7. Amendment; Waiver.

          (a) This Agreement may not be amended or modified and waivers and consents to departures from
the provisions hereof may not be given, except by an instrument or instruments in writing making
specific reference to this Agreement and signed by the Company and the holders of a majority of
Registrable Securities of each class then outstanding. Each holder of any Registrable Securities at
the time or thereafter outstanding shall be bound by any amendment, modification, waiver or consent
authorized by this Section 3.7(a), whether or not such Registrable Securities shall have been
marked accordingly.

          (b) The waiver by any party hereto of a breach of any provision of this Agreement shall not
operate or be construed as a further or continuing waiver of such breach or as a waiver of any
other or subsequent breach. Except as otherwise expressly provided herein, no failure on the part
of any party to exercise, and no delay in exercising, any right, power or remedy hereunder, or
otherwise available in respect hereof at law or in equity, shall operate as a waiver thereof, nor
shall any single or partial exercise of such right, power or remedy by such party preclude any
other or further exercise thereof or the exercise of any other right, power or remedy.

     3.8. Counterparts. This Agreement may be executed in any number of separate
counterparts and by the parties hereto in separate counterparts each of which when so executed
shall be deemed to be an original and all of which together shall constitute one and the same
agreement.

[Signature Page Follows]

14

 

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

	 	 	 	 	 
	 	IDEATION ACQUISITION CORP.

 	 
	 	By:  	 
 	 
	 	 	Name:  	Robert N. Fried 	 
	 	 	Title:  	President and Chief Executive Officer 	 

15

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	FROST GAMMA INVESTMENTS TRUST

Address:

                                                                                    
 

                                                                                    
 

                                                                                    
 

Fax:

 	 
	 	By:  	 
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

16

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	ROBERT N. FRIED

Address:

                                                                                    
 

                                                                                    
 

                                                                                    
 

Fax:

 	 
	 	 
 	 
	 	Robert N. Fried 	 
	 	 	 

17

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	RAO UPPALURI

Address:

                                                                                    
 

                                                                                    
 

                                                                                    
 

Fax:

 	 
	 	 
 	 
	 	Rao Uppaluri 	 
	 	 	 

18

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	STEVEN D. RUBIN

Address:

                                                                                    
 

                                                                                    
 

                                                                                    
 

Fax:

 	 
	 	 
 	 
	 	Steven D. Rubin 	 
	 	 	 

19

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	JANE HSIAO

Address:

                                                                                    
 

                                                                                    
 

                                                                                    
 

Fax:

 	 
	 	 
 	 
	 	Jane Hsiao 	 
	 	 	 

20

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	THOMAS E. BEIER

Address:

                                                                                    
 

                                                                                    
 

                                                                                    
 

Fax:

 	 
	 	 
 	 
	 	Thomas E. Beier 	 
	 	 	 

21

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	SHAWN GOLD

Address:

                                                                                    
 

                                                                                    
 

                                                                                    
 

Fax:

 	 
	 	 
 	 
	 	Shawn Gold 	 
	 	 	 

22

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	DAVID H. MOSKOWITZ

Address:

                                                                                    
 

                                                                                    
 

                                                                                    
 

Fax:

 	 
	 	 
 	 
	 	David H. Moskowitz 	 
	 	 	 

23

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	THOMAS H. BAER

Address:

                                                                                    
 

                                                                                    
 

                                                                                    
 

Fax:

 	 
	 	 
 	 
	 	Thomas H. Baer 	 
	 	 	 

24

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	JARL MOHN

Address:

                                                                                    
 

                                                                                    
 

                                                                                    
 

Fax:

 	 
	 	 
 	 
	 	Jarl Mohn 	 
	 	 	 

25

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	NAUTILUS TRUST DTD 9/10/99

Address:

                                                                                    
 

                                                                                    
 

                                                                                    
 

Fax:

 	 
	 	By:  	 
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	By:  	  
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

26

 

	 	 	 	 	 

Schedule A

Frost Gamma Investments Trust

Robert N. Fried

Rao Uppaluri

Steven D. Rubin

Jane Hsiao

Thomas E. Beier

Shawn Gold

David H. Moskowitz

Thomas H. Baer

Jarl Mohn

Nautilus Trust dtd 9/10/99

27

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