Document:

Unassociated Document

    March 13,
2009

    

    Tremisis
Energy Acquisition Corporation II

    2925
Briarpark, Suite 150-A

    Houston,
TX 77042

    Attention:
Ronald D. Ormand

    

    Each of
the Investors

    set forth
in Schedule
A

    c/o
SoftForum Co., Ltd.

    (135-270)
7th Floor, SoftForum B/D.

    545-7
Dogok-Dong,

    Gangnam-Gu,
Seoul 135-270 S. Korea

    Attention:
Sang-Chul Kim, Chairman

    

    Dear
Sirs:

    

    Pursuant
to that certain Registration Rights Agreement (the “RRA”), dated as of December 6,
2007, by and among Tremisis Energy Acquisition Corporation II, a Delaware
Corporation (the “Company”), and the respective
undersigned parties (each, individually, a “Stockholder”, and
collectively, the “Stockholders”), the Company
has granted the Stockholders certain registration rights (the “Registration Rights”) with
respect to (a) the shares (the “Warrant Shares”) of common
stock of the Company underlying warrants (the “Warrants”) purchased by the
Stockholders under the terms of certain Warrant Subscription Agreements (the
“Agreements”), by and
between the Company and each respective Stockholder, and (b) the shares of
common stock (the “Insider
Shares”, and together with the Warrant Shares, the “Registrable Securities”)
purchased by the Stockholders from the Company prior to the Company’s initial
public offering.

    

    The Stockholders have executed an
agreement (the “Put/Call
Agreement”) of even date herewith pursuant to which the parties have
granted each other put and call options by which the Stockholders may sell the
Warrants and transfer, for no consideration, certain of the Insider Shares to
the investors set forth in Schedule A attached
hereto (the “Investors”), in the amounts
identified in Schedule
A upon consummation of a Business Combination
(defined in the RRA).  In connection with the potential sale of
the Warrants and transfer of certain of the Insider Shares upon consummation of
a Business Combination, the Stockholders desire to assign their Registration
Rights conditionally with respect to the Warrants and Insider Shares that may be
sold and transferred to the Investors in accordance with Section 6.2 of the RRA,
and the Company has agreed to consent to such assignment. Accordingly, upon
consummation of a Business Combination and subsequent sale of Warrants and
transfer of Insider Shares, the Stockholders’ Registration Rights with respect
to such securities shall be assigned to the Investors.  The
Stockholders shall maintain their Registration Rights with respect to any
Insider Shares not transferred to the Investors.  Until the Warrants
and Insider Shares are transferred in accordance with the Put/Call Agreement,
the Registration Rights will not be assigned by the Stockholders to the
Investors.  Upon consummation of a Business Combination and sale of
the Warrants and transfer of Insider Shares, the Investors shall become parties
to the RRA and the parties thereto hereby consent to amend such RRA at that time
such that the Investors shall have all the benefits of the Stockholders with
respect to the transferred Warrants and the Registrable Securities under the RRA
as if they were original parties thereto.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    This letter serves as each
Stockholder’s irrevocable assignment of the Registration Rights, and the
Company’s consent to such assignment.

    

    [Signatures on next page.]

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      
        
          	
                  Very
      truly yours,

                
	 
      
	
                  SELLERS:

                
	 
      
	
                  /s/ Lawrence S. Coben

                
	
                  Lawrence
      S. Coben

                
	 
      
	
                  /s/ Ronald D. Ormand

                
	
                  Ronald
      D. Ormand

                
	 
      
	
                  /s/ Jon Schotz

                
	
                  Jon
      Schotz

                
	 
      
	
                  /s/ Charles A. Norris

                
	
                  Charles
      A. Norris

                
	 
      
	
                  /s/ Stephen N. Casati

                
	
                  Stephen
      N. Casati

                
	 
      
	
                  /s/ Bill Goldstein

                
	
                  Bill
      Goldstein

                
	 
      
	
                  /s/ Dean Vanech

                
	
                  Dean
      Vanech

                
	 
      
	
                  /s/
      Dean Vanech

                
	
                  Olympus
      Capital Investment, LLC

                
	
                  By:
      Dean Vanech

                
	
                  Its:
      Member

                
	 
      
	
                  /s/ Jerry Doren

                
	
                  Jerry
      Doren

                
	 
      
	
                  /s/ Owen Coleman

                
	
                  Owen
      Coleman

                

        

      

    

    

    [Signature
Page - Registration Rights Assignment Letter]

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      
        
          	
                  /s/ Bill Armstrong

                
	
                  Bill
      Armstrong

                
	 
      
	
                  /s/ Trevor Wilson

                
	
                  Trevor
      Wilson

                
	 
      
	
                  /s/ Brian McInerney

                
	
                  Brian
      McInerney

                
	 
      
	
                  /s/
      Richard Kassar

                
	
                  Richard
      Kassar

                
	 
      
	
                  /s/ David Levine

                
	
                  David
      Levine

                
	 
      
	
                  /s/ Jim Land

                
	
                  Jim
      Land

                
	 
      
	
                  /s/ David A. Preiser

                
	
                  David
      A. Preiser

                
	 
      
	
                  /s/ Gary C. Evans

                
	
                  Gary
      C. Evans

                
	 
      
	
                  /s/ Jonathan Jacobs

                
	
                  Jonathan
      Jacobs

                

        

      

    

    

    The
undersigned acknowledges and consents to the foregoing terms.

    

    COMPANY:

    

    TREMISIS
ENERGY ACQUISITION CORPORATION II

    

    
      
        
          	
                  By:

                	
                  /s/
      Lawrence
      S. Coben

                
	 
      	
                  Name:
      Lawrence S. Coben

                
	 
      	
                  Title:
      Chief
      Executive
Officer

                

        

      

    

     

    [Signature
Page - Registration Rights Assignment Letter]

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Schedule
A

    

    
      
        
          	
                  Seller

                	 	
                  Insider Shares

                	 	 	
                  Warrants

                	 
	
                  Lawrence
      S. Coben

                	 	 	794,187	 	 	 	450,000	 
	
                  Ronald
      D. Ormand

                	 	 	794,187	 	 	 	450,000	 
	
                  Jon
      Schotz

                	 	 	138,391	 	 	 	250,000	 
	
                  Charles
      A. Norris

                	 	 	138,391	 	 	 	250,000	 
	
                  Stephen
      N. Casati

                	 	 	18,528	 	 	 	-	 
	
                  Bill
      Goldstein

                	 	 	26,969	 	 	 	75,000	 
	
                  Dean
      Vanech

                	 	 	35,959	 	 	 	-	 
	
                  Olympus
      Capital Investment, LLC

                	 	 	-	 	 	 	100,000	 
	
                  Jerry
      Doren

                	 	 	26,969	 	 	 	75,000	 
	
                  Owen
      Coleman

                	 	 	26,969	 	 	 	75,000	 
	
                  Bill
      Armstrong

                	 	 	26,969	 	 	 	112,500	 
	
                  Trevor
      Wilson

                	 	 	13,485	 	 	 	75,000	 
	
                  Brian
      McInerney

                	 	 	13,485	 	 	 	37,500	 
	
                  Richard
      Kassar

                	 	 	13,485	 	 	 	37,500	 
	
                  David
      Levine

                	 	 	13,485	 	 	 	37,500	 
	
                  Jim
      Land

                	 	 	13,485	 	 	 	37,500	 
	
                  David
      A. Preiser

                	 	 	17,979	 	 	 	50,000	 
	
                  Gary
      C. Evans

                	 	 	179,794	 	 	 	500,000	 
	
                  Jonathan
      Jacobs

                	 	 	13,485	 	 	 	37,500Unassociated Document

    March 13,
2009

    

    Tremisis
Energy Acquisition Corporation II

    2925
Briarpark, Suite 150-A

    Houston,
TX 77042

    

    Gentlemen:

    

    The
undersigned, as a condition to the consummation of the transactions contemplated
by that certain agreement (the “Put/Call Agreement”), dated
the date hereof, by and among Tremisis Energy Acquisition Corporation II (“Company”), Lawrence S. Coben,
Ronald D. Ormand, Jon Schotz, Charles A. Norris, Stephen N. Casati, Bill
Goldstein, Dean Vanech, Olympus Capital Investment, LLC, Jerry Doren, Owen
Coleman, Bill Armstrong, Trevor Wilson, Brian McInerney, Richard Kassar, David
Levine, Jim Land, David A. Preiser, Gary C. Evans, Jonathan Jacobs
(collectively, the “Sellers”), the undersigned and
Sang-Chul Kim, hereby agrees as follows (certain capitalized terms used herein
are defined in paragraph 11 hereof):

    

    1.           In
the event that the Company fails to consummate a Business Combination within 24
months from the effective date (“Effective Date”) of the
registration statement relating to the Company’s initial public offering of
securities (“IPO”), the
undersigned will (i) cause the trust fund established in connection with the
Company’s IPO (the “Trust
Fund”) to be liquidated and distributed to the holders of IPO Shares and
(ii) take all reasonable actions within its power to cause the Company to
liquidate as soon as reasonably practicable. The undersigned hereby waives any
and all right, title, interest or claim of any kind in or to any distribution of
the Trust Fund and any remaining net assets of the Company as a result of such
liquidation (“Claim”)
and hereby waives any Claim the undersigned may have in the future as a result
of, or arising out of, any contracts or agreements with the Company and will not
seek recourse against the Trust Fund for any reason whatsoever. In the event of
the liquidation of the Trust Fund, the undersigned agrees to indemnify and hold
harmless the Company against any and all loss, liability, claims, damage and
expense whatsoever (including, but not limited to, any and all legal or other
expenses reasonably incurred in investigating, preparing or defending against
any litigation, whether pending or threatened, or any claim whatsoever) that the
Company may become subject as a result of any claim by any vendor or other
person who is owed money by the Company for services rendered or products sold
or contracted for, or by any target business, but only to the extent necessary
to ensure that such loss, liability, claim, damage or expense does not reduce
the amount in the Trust Fund.

    

    2.           In
order to minimize potential conflicts of interest that may arise from multiple
affiliations, the undersigned agrees to present to the Company for its
consideration, prior to presentation to any other person or entity, any suitable
opportunity to acquire an operating business, until the earlier of the
consummation by the Company of a Business Combination or the liquidation of the
Company, subject to any pre-existing contractual obligations the undersigned
might have.

    

    3.           The
undersigned acknowledges and agrees that the Company will not consummate any
Business Combination that involves a company that is affiliated with any of the
Insiders unless the Company obtains an opinion from an independent investment
banking firm reasonably acceptable to Merrill Lynch, Pierce, Fenner & Smith
Incorporated, as representatives of the underwriters of the Company’s IPO, that
the Business Combination is fair to the Company’s stockholders from a financial
perspective.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    4.           Neither
the undersigned nor any affiliate (“Affiliate”) of the undersigned
will be entitled to receive and will not accept any compensation for services
rendered to the Company prior to or in connection with the consummation of the
Business Combination; provided that the undersigned
shall be entitled to reimbursement from the Company for its out-of-pocket
expenses incurred in connection with seeking and consummating a Business
Combination.

    

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

    

    6.           The
undersigned acknowledges and agrees that any Insider Shares that may be
transferred to it upon consummation of a Business Combination pursuant to the
Put/Call Agreement will continue to be held in escrow until one year after the
consummation by the Company of such Business Combination, subject to the terms
of that certain Stock Escrow Agreement, dated as of December 6, 2007 by and
among the Company, the Sellers and Continental Stock Transfer & Trust
Company.

    

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

    

    8.           The
undersigned hereby waives its right to exercise conversion rights with respect
to any shares of the Company’s common stock owned or to be owned by the
undersigned, directly or indirectly, and agrees that it will not seek conversion
with respect to such shares in connection with any vote to approve a Business
Combination.

    

    9.           In
the event that the Company does not consummate a Business Combination and must
liquidate, and its remaining net assets are insufficient to complete such
liquidation, the undersigned agrees to advance such funds necessary to complete
such liquidation and agrees not to seek repayment for such
expenses.

    

    10.           This
letter agreement may not be amended or modified without the prior consent of
Ronald D. Ormand, as representative of the Sellers. 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
it 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, (ii) waives any objection
to such exclusive jurisdiction and that such courts represent an inconvenient
forum and (iii) irrevocably agrees to appoint Mintz, Levin, Cohn, Ferris,
Glovsky and Popeo, P.C. as agent for the service of process in the State of New
York to receive, for the undersigned and on its behalf, service of process in
any Proceeding. If for any reason such agent is unable to act as such, the
undersigned will promptly notify the Company and the Underwriters and appoint a
substitute agent acceptable to the Company within 30 days and nothing in this
letter agreement will affect the right of either party to serve process in any
other manner permitted by law.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    11.           As
used herein, (i) a “Business
Combination” shall mean an acquisition by merger, capital stock exchange,
asset or stock acquisition, reorganization or otherwise, of an operating
business; (ii) “Insiders” shall mean all
former and current officers and directors of the Company and all stockholders of
the Company that acquired shares of Common Stock of the Company prior to the
IPO, or, if after the IPO, in a private transfer from another former or current
officer or director of the Company, or from a stockholder that purchased such
shares of Common Stock prior to the IPO; (iii) “Insider Shares” shall mean all
of the shares of Common Stock of the Company acquired by an Insider prior to the
IPO or, if acquired after the IPO, in a private transfer from another Insider;
and (iv) “IPO Shares”
shall mean the shares of Common Stock issued in the Company’s IPO.

     

    
      	 	SOFTFORUM CO.,
      LTD.
	 	 
	 	/s/ Sang-Chul
      Kim
	 	
              By:
      Sang-Chul Kim

              Its:

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