Document:

Exhibit 10.29

 

December 21, 2006

 

 

Information Services Group

Four Stamford Plaza

107 Elm Street

Stamford, CT  06902

 

Deutsche Bank Securities Inc.

60 Wall Street, 4th
Floor

New York, New York 10005

 

Morgan Joseph & Co. Inc.

600 Fifth Avenue, 19th Floor

New York, New York 10020

 

Lazard Capital Markets LLC

30 Rockefeller Plaza

New York, New York 10020

 

Re:                               Initial
Public Offering

 

Ladies and Gentlemen:

 

The undersigned senior advisor and holder of common
stock, par value $0.001 per share (“Common Stock”), of Information
Services Group, Inc. (the “Company”), in consideration of Deutsche
Bank Securities Inc., Morgan Joseph & Co. Inc. and Lazard Capital
Markets LLC (together, the “Underwriters”) agreeing to act as lead
underwriters in connection with the initial public offering of the securities
of the Company (“IPO”), hereby agrees as follows:

 

1.                                       Agreements of Stockholders

 

(a)                                  The
undersigned hereby waives any right to receive distributions (other than with
respect to Common Stock or any shares of Common Stock underlying units the
undersigned may purchase in connection with the IPO or in the after
market) upon the liquidation of the Trust Fund (as defined in the Certificate
of Incorporation of the Company (as amended, the “Certificate”;
capitalized terms used herein but not defined herein have the meaning set forth
in the Certificate)), or as part of any plan of dissolution and
distribution required in the event the Company does not consummate a Business
Combination by the Termination Date.

 

 

(b)                                 The
undersigned hereby waives any right set forth in the Certificate to demand
conversion of the undersigned’s shares of Common Stock into cash (other than
with respect to Common Stock or any shares of Common Stock underlying units the
undersigned may purchase in connection with the IPO or in the after
market) in the event a Business Combination is approved by the Company’s
stockholders.

 

(c)                                  In
connection with the stockholder vote required to approve a Business
Combination, the undersigned shall vote any shares of Common Stock then owned
by the undersigned in accordance with the majority of the shares of Common
Stock voted by the Company’s public stockholders. In connection with the
stockholder vote for the Company’s plan of dissolution and distribution, if
any, required as a result of the Company’s failure to consummate a Business
Combination by the Termination Date, the undersigned shall vote any shares of
Common Stock then owned by the undersigned in favor of such dissolution and
distribution.

 

(d)                                 The
undersigned and any affiliate of the undersigned will not be entitled to
receive from the Company, and will not accept from the Company, any
compensation (including finder’s or consulting fees) for services rendered to
the Company prior to or in connection with the consummation of a Business
Combination (except as described in the registration statement filed with and
declared effective by the Securities and Exchange Commission in connection with
the IPO (the “Registration Statement”).

 

(e)                                  In
the event a Business Combination is consummated and the Company adopts a plan
of liquidation and distribution, the undersigned will, to the extent funds are
not available to the Company, advance to the Company the necessary funds to
implement and complete the Company’s plan of liquidation and distribution, and
agrees not to seek repayment for any such expenses incurred by the Company in
connection with the implementation of such plan; provided, that the
undersigned shall not be required to take a reserve to account for this
possibility.

 

(f)                                    The
undersigned will escrow the shares of Common Stock owned by the undersigned
immediately prior to the IPO pursuant to a stock escrow agreement until the
earliest of (i) one year from the completion of a Business Combination, (ii) the
Company’s liquidation and (iii) the consummation of a business combination
which results in all of the Company’s stockholders having the right to exchange
their shares of Common Stock for cash, securities or other property subsequent
to the Company’s consummating a Business Combination.

 

2.                                       Agreement of the Undersigned

 

(a)                                  The
undersigned has full right and power, without violating any agreement by which
it is bound, to enter into this letter agreement.

 

3.                                       Miscellaneous

 

(a)                                  The
undersigned has full right and power, without violating any agreement by which
the undersigned is bound, to enter into this letter agreement.

 

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

 

[REMAINDER OF PAGE INTENTIONALLY
LEFT BLANK]

 

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IN WITNESS WHEREOF, the undersigned has executed this
agreement as of the date first written above.

 

 

	
   

  	
  OENOKE PARTNERS, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael Connors

  	
   

  
	
   

  	
   

  	
  Name: Michael Connors

  
	
   

  	
   

  	
  Title: Managing MemberExhibit 10.30

 

INFORMATION SERVICES GROUP, INC.

 

MANAGEMENT STOCK PURCHASE AGREEMENT

 

This
Management Stock Purchase Agreement (this “Agreement”) is made as of December 21,
2006, by and between Information Services Group, Inc., a Delaware
corporation (the “Company”), and Oenoke Partners, LLC, a Delaware
limited liability company (“Purchaser”).

 

1.                                       Purchase and Sale of Stock. Purchaser hereby agrees to
purchase from the Company, and the Company hereby agrees to sell to Purchaser,
an aggregate of 703,125 shares of Common Stock of the Company (the “Stock”)
at a purchase price equal to $0.001 per share, for an aggregate purchase price
of $703.13, payable in cash. The closing hereunder, including payment for and
delivery of the Stock shall occur at the offices of the Company immediately
following the execution of this Agreement, or at such other time and place as
the parties may mutually agree.

 

2.                                       Redemption. Purchaser hereby agrees that, on a date that is within
the five-day period following the date upon which the overallotment option of
the Company’s underwriters (as described in the Company’s Registration
Statement on Form S-1, as amended, No. 333-136536 (together with any
registration statement filed pursuant to Rule 462(b)) expires or is
terminated, the Purchaser will promptly sell to the Company, and the Company
shall repurchase from the Purchaser, at a price per share equal to $0.001, in
cash, the number of shares of Stock determined by multiplying (i) 703,125
by (ii) a fraction, the numerator of which is (A) 2,812,500 minus (B) the
number of shares of common stock of the Company purchased by the Company’s
underwriters upon the exercise of the above-described overallotment option, and
the denominator of which is 2,812,500.

 

3.                                       Limitations on Transfer. Purchaser shall not assign,
hypothecate, donate, encumber or otherwise dispose of any interest in the
shares of Stock except in compliance with the provisions herein and applicable
securities laws. The Company shall not be required (a) to transfer on its
books any shares of Stock of the Company which shall have been transferred in
violation of any of the provisions set forth in this Agreement or (b) to
treat as owner of such shares or to accord the right to vote as such owner or
to pay dividends to any transferee to whom such shares shall have been so
transferred. Purchaser hereby further acknowledges that Purchaser may be required
to hold the Stock purchased hereunder indefinitely. During the period of time
during which the Purchaser holds the Stock, the value of the Stock may increase
or decrease, and any risk associated with such Stock and such fluctuation in
value shall be borne by the Purchaser.

 

4.                                       Restrictive Legends. All certificates representing the Stock shall have
endorsed thereon legends in substantially the following forms (in addition to
any other legend which may be required by other agreements between the
parties hereto):

 

(a)                                  “IN
MAKING AN INVESTMENT DECISION INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF
THE ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS
INVOLVED. THESE SECURITIES

 

 

HAVE NOT BEEN RECOMMENDED BY
ANY FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE,
THE FOREGOING AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE
ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.”

 

(b)                                 “THESE
SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT
BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED, AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION
OR EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY MAY BE
REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE
PERIOD OF TIME.”

 

5.                                       Registration Rights. Purchaser (and its assignees and transferees) shall be
granted certain registration rights pursuant to a Registration Rights Agreement
reasonably acceptable to the Purchaser and the Company.

 

6.                                       Investment Representations. In connection with the purchase
of the Stock, Purchaser represents to the Company the following:

 

(a)                                  Purchaser
is aware of the Company’s business affairs and financial condition and has
sufficient information about the Company to reach an informed and knowledgeable
decision to acquire the Stock. Purchaser is purchasing the Stock for investment
for Purchaser’s own account only and not with a view to, or for resale in
connection with, any “distribution” thereof within the meaning of the
Securities Act of 1933, as amended (the “Act”).

 

(b)                                 Purchaser
understands that the shares of Stock have not been registered under the Act by
reason of a specific exemption therefrom, which exemption depends upon, among
other things, the bona fide nature of Purchaser’s investment intent as
expressed herein.

 

(c)                                  Purchaser
further acknowledges and understands that the Stock must be held indefinitely
unless the Stock is subsequently registered under the Act or an exemption from
such registration is available. Purchaser understands that the certificate
evidencing the Stock will be imprinted with a legend which prohibits the
transfer of the Stock unless the Stock is registered or such registration is
not required in the opinion of counsel for the Company.

 

(d)                                 Purchaser
warrants and represents that Purchaser is an “accredited investor” as that term
is defined in Rule 501 of Regulation D promulgated by the Securities and
Exchange Commission under the Act.

 

(e)                                  Purchaser
further warrants and represents that Purchaser has either (i) preexisting
personal or business relationships, with the Company or any of its officers,
directors or controlling persons, or (ii) the capacity to protect his own
interests in connection with the purchase of the Stock by virtue of the
business or financial expertise of himself or of professional advisors to
Purchaser who are unaffiliated with and who are not compensated by the Company
or any of its affiliates, directly or indirectly.

 

2

 

7.                                       Miscellaneous.

 

(a)                                  Notices. All notices required or permitted
hereunder shall be in writing and shall be deemed effectively given:  (i) upon personal delivery to the party
to be notified, (ii) when sent by confirmed telex or facsimile if sent
during normal business hours of the recipient, and if not during normal
business hours of the recipient, then on the next business day, (iii) five (5) calendar
days after having been sent by registered or certified mail, return receipt
requested, postage prepaid, or (iv) one (1) business day after
deposit with a nationally recognized overnight courier, specifying next day
delivery, with written verification of receipt. All communications shall be
sent to the other party hereto at such party’s address hereinafter set forth on
the signature page hereof, or at such other address as such party may designate
by ten (10) days advance written notice to the other party hereto.

 

(b)                                 Successors and Assigns. This Agreement
shall inure to the benefit of the successors and assigns of the Company and,
subject to the restrictions on transfer herein set forth, be binding upon
Purchaser, Purchaser’s successors, and assigns.

 

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

 

(d)                                 Further Execution. The parties agree to
take all such further action(s) as may reasonably be necessary to carry
out and consummate this Agreement as soon as practicable, and to take whatever
steps may be necessary to obtain any governmental approval in connection
with or otherwise qualify the issuance of the securities that are the subject
of this Agreement.

 

(e)                                  Entire Agreement; Amendment. This Agreement
constitutes the entire agreement between the parties with respect to the
subject matter hereof and supersedes and merges all prior agreements or
understandings, whether written or oral. This Agreement may not be
amended, modified or revoked, in whole or in part, except by an agreement in
writing signed by each of the parties hereto.

 

(f)                                    Severability. If one or more provisions of
this Agreement are held to be unenforceable under applicable law, the parties
agree to renegotiate such provision in good faith. In the event that the
parties cannot reach a mutually agreeable and enforceable replacement for such
provision, then (i) such provision shall be excluded from this Agreement, (ii) the
balance of the Agreement shall be interpreted as if such provision were so
excluded and (iii) the balance of the Agreement shall be enforceable in
accordance with its terms.

 

(g)                                 Counterparts. This Agreement may be
executed in two or more counterparts, each of which shall be deemed an original
and all of which together shall constitute one instrument.

 

[Signatures on following page]

 

3

 

In
Witness Whereof, the parties hereto have executed this
Agreement as of the day and year first above written.

 

	
   

  	
  Information Services Group, Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Michael Connors

  	
   

  
	
   

  	
   

  	
   

  	
  Michael Connors

  
	
   

  	
   

  	
   

  	
  Chief Executive Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Address: Four Stamford Plaza

  
	
   

  	
   

  	
   

  	
  725 Oenoke Ridge Road

  
	
   

  	
   

  	
   

  	
  New Canaan, CT 06840

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Oenoke Partners, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Michael Connors

  	
   

  
	
   

  	
   

  	
   

  	
  Michael Connors

  
	
   

  	
   

  	
   

  	
  Managing Member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Address: Four Stamford Plaza

  
	
   

  	
   

  	
   

  	
  725 Oenoke Ridge Road

  
	
   

  	
   

  	
   

  	
  New Canaan, CT 06840

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