Document:

Exhibit
      10.2

     

    FORM
      OF INVESTMENT MANAGEMENT TRUST AGREEMENT

     

    This
      Agreement is made as of _____, 2007 by and between Pinpoint Advance Corp. (the
      “Company”) and American Stock Transfer & Trust Company
      (“Trustee”).

     

    WHEREAS,
      the Company’s Registration Statement on Form S-1, File No. 333-138110
      (“Registration Statement”), for its initial public offering of securities
      (“IPO”) has been declared effective on [_____], 2007 by the Securities and
      Exchange Commission (“Effective Date”); and

     

    WHEREAS,
      the Company has issued securities in a private placement (the “Placement”);
      and

     

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

     

    WHEREAS,
      as described in the Company’s Registration Statement, (i) in accordance with the
      Company’s Certificate of Incorporation, $22,516,000 of the net proceeds of the
      IPO ($26,003,500 if the Underwriters’ over-allotment option is exercised in
      full), (ii) in accordance with the Subscription Agreement, dated as of [______],
      2007, among the Company and certain purchasers, $1,500,000 of the gross proceeds
      of the Placement (together with the IPO proceeds, the “Base Deposit”), and (iii)
      in accordance with the Underwriting Agreement, dated [____], 2007, between
      the
      Company and Maxim, as representative of the Underwriters, an additional $750,000
      ($862,500 if the Underwriters’ over-allotment option is exercised in full),
      representing a portion of the Underwriters’ discount (the “Deferred Discount”),
      $24,766,000 will be delivered to the Trustee as of [_____], 2007 to be deposited
      and held in a trust account for the benefit of the Company, the public holders
      of the Common Stock, par value $.0001 per share, of the Company (“Common Stock”)
      included in the units of the Company’s securities issued in the IPO (the
“Units”) and Maxim and the Underwriters. The amount to be delivered to the
      Trustee will be referred to herein as the “Property,” the stockholders for whose
      benefit the Trustee shall hold the Property will be referred to as the “Public
      Stockholders,” and the Public Stockholders, the Company and Maxim and the
      Underwriters will be referred to together as the “Beneficiaries”;
      and

     

    WHEREAS,
      the Company and the Trustee desire to enter into this Agreement to set forth
      the
      terms and conditions pursuant to which the Trustee shall hold the
      Property;

     

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

     

    1.
 
      Agreements
      and Covenants of Trustee
      . The
      Trustee hereby agrees and covenants to:

     

    (a)
         Hold the Property in trust for the Beneficiaries in accordance with
      the terms of this Agreement, in segregated trust accounts (“Trust Account”)
      established by the Trustee with Merrill Lynch;

      

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

     

    (c)
         In
      a
      timely manner, upon the written instruction of the Company, to invest and
      reinvest the Property in any “Government Security” or in money market funds
      selected by the Company meeting the conditions specified in Rule 2a-7
      promulgated under the Investment Company Act of 1940, as amended, as determined
      by the Company. As used herein, “Government Security” means any Treasury Bill
      issued by the United States, having a maturity of one hundred and eighty days
      or
      less;

     

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

     

    (e)   
      Promptly notify the Company and Maxim of all communications received by it
      with
      respect to any Property requiring action by the Company;

     

    (f)
         Supply any necessary information or documents as may be requested
      by the Company in connection with the Company’s preparation of the tax returns
      for the Trust Account or the Company;

     

    (g)
         Participate in any plan or proceeding for protecting or enforcing
      any right or interest arising from the Property if, as and when instructed
      by
      the Company and/or Maxim to do so;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (h)
         Render to the Company and to Maxim, and to such other person as the
      Company may instruct, monthly written statements of the activities of and
      amounts in the Trust Account reflecting all receipts and disbursements of the
      Trust Account;

     

    (i)
         Commence liquidation of the Trust Account upon receipt of the
      Officers Certificate signed by the Chief Executive Officer and Chief Financial
      Officer in accordance with the terms of a letter (“Termination Letter”), in a
      form substantially similar to that attached hereto as Exhibit
      A
      or
Exhibit
      B
      , signed
      on behalf of the Company by its Chief Executive Officer and Chief Financial
      Officer, and complete the liquidation of the Trust Account and distribute the
      Property in the Trust Account only as directed in the Termination Letter and
      the
      other documents referred to therein , as part of the Company’s plan of
      dissolution and liquidation approved by the Company’s stockholders. The Trustee
      understands and agrees that, except as provided in Section 3(j) and Section
      2
      hereof, disbursements from the Trust Account shall be made only pursuant to
      a
      duly executed Termination Letter, together with the other documents referenced
      herein, including, without limitation, an independently certified oath and
      report of inspector of election in respect of the stockholder vote in favor
      of
      the Business Combination (as hereinafter defined). In all cases, the Trustee
      shall provide Maxim with a copy of any Termination Letters, Officers
      Certificates and/or any other correspondence that it receives with respect
      to
      any proposed withdrawal from the Trust Account promptly after it receives same.
      As used in this Agreement, the term “Business Combination” means the acquisition
      by the Company, through merger, capital stock exchange, asset or stock
      acquisition of, or similar business combination with, one or more entities
      located in Israel or Europe as more fully described in the prospectus forming
      a
      part of the Registration Statement; and

    

    (j)
      Commence liquidation of the Trust Account only upon receipt of and only in
      accordance with the terms of a letter (the “Termination Letter”), in a form
      substantially similar to that attached hereto as either Exhibit A or Exhibit
      B,
      signed on behalf of the Company by its President or Chairman of the Board and
      Secretary, and complete the liquidation of the Trust Account and distribute
      the
      Property in the Trust Account only as directed in the Termination Letter and
      the
      other documents referred to therein.

    

    2.
 
      Limited
      Distributions of Income on Property.

     

    (a)
         If there is any income tax obligation relating to the income from
      the Property in the Trust Account, then, at the written instruction of the
      Company, the Trustee shall disburse to the Company or the Internal Revenue
      Service by wire transfer or check (as directed by the Company in its instruction
      letter), out of the Property in the Trust Account, the amount indicated by
      the
      Company as required to pay income taxes.

     

    (b)
         Upon written request from the Company containing certification that
      such distribution pursuant to this Section 2(b) shall only be used to fund
      the
      working capital requirements of the Company and the costs related to
      identifying, researching and acquiring a prospective target businesses, in
      each
      case as described in the prospectus that forms a part of the Registration
      Statement, the Trustee shall distribute to the Company an amount equal to up
      to
      $1,500,000 of the income earned on the Base Deposit, net of taxes payable,
      through the last day of the month immediately preceding the date of receipt
      of
      the Company’s written request, provided; however, that in the event the
      over-allotment option is exercised in full, the Company shall be prohibited
      from
      receiving distributions of income earned on the Base Deposit until after the
      first $114,900 of income is earned on the Base Deposit (net of taxes payable),
      which amount shall be added to the Base Deposit resulting in amount of $9.91
      for
      each share represented by certificates held by Public Stockholders.

     

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

    

    (d)   Except
      as provided in this Section 2, no other distributions from the Trust Account
      shall be permitted except in accordance with Sections 1(i) and 3(j)
      hereof.

     

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

     

    (a)
         To provide all instructions to the Trustee hereunder in writing,
      signed by the Company’s Chief Executive Officer and Chief Financial Officer. In
      addition, except with respect to its duties under paragraph 1(i) and 3(j),
      the
      Trustee shall be entitled to rely on, and shall be protected in relying on,
      any
      verbal or telephonic advice or instruction which it in good faith believes
      to be
      given by any one of the persons authorized above to give written instructions,
      provided that the Company and/or Maxim shall promptly confirm such instructions
      in writing;

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    (b)
         To hold the Trustee harmless and indemnify the Trustee from and
      against any and all expenses, including reasonable counsel fees and
      disbursements, or loss suffered by the Trustee in connection with any action,
      suit or other proceeding brought against the Trustee involving any claim, or
      in
      connection with any claim or demand which in any way arises out of or relates
      to
      this Agreement, the services of the Trustee hereunder, or the Property or any
      income earned from investment of the Property, except for expenses and losses
      resulting from the Trustee’s gross negligence or willful misconduct. Promptly
      after the receipt by the Trustee of notice of demand or claim or the
      commencement of any action, suit or proceeding, pursuant to which the Trustee
      intends to seek indemnification under this paragraph, it shall notify the
      Company in writing of such claim (hereinafter referred to as the “Indemnified
      Claim”). The Company shall have the right to conduct and manage the defense
      against such Indemnified Claim, provided that the Company shall obtain the
      consent of the Trustee with respect to the selection of counsel, which
      consent shall not be unreasonably withheld. The Company may not agree to
      settle any Indemnified Claim without the prior written consent of the Trustee.
      The Trustee may participate in such action with its own counsel at its own
      expense;

     

    (c)
         Pay the Trustee an initial acceptance fee, an annual fee and a
      transaction processing fee for each disbursement made pursuant to Sections
      2(a)
      and 2(b) as set forth on Schedule A hereto, which fees shall be subject to
      modification by the parties from time to time. It is expressly understood that
      the Property shall not be used to pay such fees and further agreed that said
      transaction processing fees shall be deducted by the Trustee from the
      disbursements made to the Company pursuant to Section 2(b). The Company shall
      pay the Trustee the initial acceptance fee and first year’s fee at the
      consummation of the IPO and thereafter on the anniversary of the Effective
      Date.
      The Trustee shall refund to the Company the annual fee (on a pro rata basis)
      with respect to any period after the liquidation of the Trust Fund. The Company
      shall not be responsible for any other fees or charges of the Trustee except
      as
      set forth in this Section 3(c) and as may be provided in Section 3(b) hereof
      (it
      being expressly understood that the Property shall not be used to make any
      payments to the Trustee under such Sections);

     

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

     

    (e)
         That the Officers Certificate referenced in Sections 1(i) and 3(j)
      hereof shall require the Company’s Chief Executive Officer and Chief Financial
      Officer to each certify the following (wherever applicable): (1) prior to the
      LOI Termination Date, the Company has entered into a bona fide Letter of Intent
      with a target business; and/or (2) prior to the LOI Termination Date, the
      Company has entered into a Business Combination with a target business, the
      terms of which are consistent with the requirements set forth in the
      Registration Statement; and/or (3) prior to the Second Termination Date, the
      Company has entered into a Business Combination with a target business, the
      terms of which are consistent with the requirements set forth in the
      Registration Statement; and (4) the Board of Directors (the “Board”) pursuant to
      the unanimous written consent of the Board has approved (where applicable):
      (i)
      the Letter of Intent; and/or (ii) the Business Combination. A copy of such
      consent and the Letter of Intent and/or the definitive agreement relating to
      the
      Business Combination so approved shall be attached as an exhibit to the Officers
      Certificate;

     

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

     

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

     

    (h)
      Within five business days after the Underwriters’ over-allotment option (or any
      unexercised portion thereof) expires or is exercised in full, to provide the
      Trustee notice in writing (with a copy to the Underwriters) of the total amount
      of the Deferred Fee and Deferred Discount, which shall in no event be less
      than
      $750,000; and

     

    (i)
      Intentionally left blank.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

     (j)
      ( i
      )    Subject to the limitations and conditions set forth in
      paragraph ( ii
      ) of
      this section 3(j), as soon as practicable after the date 18 months from the
      date
      of this Agreement (the “LOI Termination Date”) (or 24 months from the date
      hereof in the event the Company has executed a Letter of Intent (defined below)
      prior to the LOI Termination Date but failed to consummate a Business
      Combination (“Second Termination Date”)), instruct the Trustee to commence
      liquidation of the Trust Account as part of the Company’s plan of dissolution
      and liquidation approved by the Company’s stockholders. The Trustee, upon
      receiving written instruction from the Company and Maxim, shall deliver a notice
      to Public Stockholders of record as of the LOI Termination Date or Second
      Termination Date, whichever the case may be, by U.S. mail or via the Depository
      Trust Company (“DTC”), within five days of receiving instructions from the
      Company to do so, notifying the Public Stockholders of such event. The Trustee
      shall deliver to each Public Stockholder its ratable share of the Property
      against satisfactory evidence of delivery of the stock certificates by the
      Public Stockholders to the Company through DTC, its Deposit Withdraw Agent
      Commission (DWAC) system or as otherwise presented to the Trustee.

     

    (
      ii
      )   Paragraph ( i
      ) of
      this Section 3(j) shall be subject to the following conditions and
      limitations:

     

    (x)    
      If the Company has entered into a bona fide, executed letter of intent,
      agreement in principle or engagement letter (a “Letter of Intent”) for a
      Business Combination prior to the LOI Termination Date, then the Company shall
      not be required to send an instruction to the Trustee relating to the
      liquidation of the Trust Account until the earlier of a Business Combination
      or
      the Second Termination Date.

     

    (y)    On
      the date on which the Trustee is to begin delivery to each Public Stockholder
      of
      its ratable share of the Property, the Company shall provide written
      instructions to the Trustee to deliver the Property according to the following
      schedule: First,
      to each
      Public Stockholder an amount equal to $9.91 for each share represented by
      certificates delivered by such Public Stockholder to the Company or the Trustee
      as prescribed in Paragraph ( i
      ) of
      Section 3(j) of this Agreement, and Second,
      to
      deliver to each Public Stockholder the remainder, if any, of its ratable share
      of the Property.

    

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

     

    (a)
         Take any action with respect to the Property, other than as
      directed in Sections 1 and 2 hereof and the Trustee shall have no liability
      to
      any party except for liability arising out of its own gross negligence or
      willful misconduct;

     

    (b)
         Institute any proceeding for the collection of any principal and
      income arising from, or institute, appear in or defend any proceeding of any
      kind with respect to, any of the Property unless and until it shall have
      received written instructions from the Company given as provided herein to
      do so
      and the Company shall have advanced or guaranteed to it funds sufficient to
      pay
      any expenses incident thereto;

     

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

     

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

     

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

     

    (f)
         The other parties hereto or to anyone else for any action taken or
      omitted by it, or any action suffered by it to be taken or omitted, in good
      faith and in the exercise of its own best judgment, except for its gross
      negligence or willful misconduct. The Trustee may rely conclusively and shall
      be
      protected in acting upon any order, notice, demand, certificate, opinion or
      advice of counsel (including counsel chosen by the Trustee), statement,
      instrument, report or other paper or document (not only as to its due execution
      and the validity and effectiveness of its provisions, but also as to the truth
      and acceptability of any information therein contained) which is believed by
      the
      Trustee, in good faith, to be genuine and to be signed or presented by the
      proper person or persons. The Trustee shall not be bound by any notice or
      demand, or any waiver, modification, termination or rescission of this agreement
      or any of the terms hereof, unless evidenced by a written instrument delivered
      to the Trustee signed by the proper party or parties and, if the duties or
      rights of the Trustee are affected, unless it shall give its prior written
      consent thereto;

      

    (g)
         Verify the correctness of the information set forth in the
      Registration Statement or to confirm or assure that any acquisition made by
      the
      Company or any other action taken by it is as contemplated by the Registration
      Statement; and

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

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

    

    (i) Verify
      calculations, qualify or otherwise approve Company requests for distributions
      pursuant to Section 1(i), 2(a) or 2(b) above.

     

    5.
 
      Certain
      Rights Of Trustee.

     

    (a)
         Before the Trustee acts or refrains from acting, it may require an
      Officers Certificate or opinion of counsel or both. The Trustee shall not be
      liable for any action it takes or omits to take in good faith in reliance on
      such Officers Certificate or opinion of counsel. The Trustee may consult with
      counsel and the advice of such counsel or any opinion of counsel shall be full
      and complete authorization and protection from liability in respect of any
      action taken, suffered or omitted by it hereunder in good faith and in reliance
      thereon.

     

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

     

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

     

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

     

    6.
 
      Termination.
      This
      Agreement shall terminate as follows:

     

    (a)
         If the Trustee gives written notice to the Company that it desires
      to resign under this Agreement, the Company shall use its reasonable efforts
      to
      locate a successor trustee during which time the Trustee shall continue to
      act
      in accordance with the terms of this Agreement. At such time that the Company
      notifies the Trustee that a successor trustee has been appointed by the Company
      and has agreed to become subject to the terms of this Agreement, the Trustee
      shall transfer the management of the Trust Account to the successor trustee,
      including, but not limited to, the transfer of copies of the reports and
      statements relating to the Trust Account, whereupon this Agreement shall
      terminate; provided, however, that, in the event that the Company does not
      locate a successor trustee within ninety days of receipt of the resignation
      notice from the Trustee, the Trustee may, but shall not be obligated to, submit
      an application to have the Property deposited with the United States District
      Court for the Southern District of New York and upon such deposit, the Trustee
      shall be immune from any liability whatsoever that arises due to any actions
      or
      omissions to act by any party after such deposit;

      

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

     

    (c)
         At such time that the Trustee has completed the liquidation of the
      Trust Account and distributed the Property in accordance with Sections 1(i)
      and
      3(j) hereof, this Agreement shall terminate except with respect to Section
      3(b).

     

    7.
 
      Miscellaneous.

     

    (a)
         The Company and the Trustee each acknowledge that the Trustee will
      follow the security procedures set forth below with respect to funds transferred
      from the Trust Account. Upon receipt of written instructions, the Trustee will
      confirm such instructions with an Authorized Individual at an Authorized
      Telephone Number listed on the attached Exhibit
      C.
      The
      Company and the Trustee will each restrict access to confidential information
      relating to such security procedures to authorized persons. Each party must
      notify the other party immediately if it has reason to believe unauthorized
      persons may have obtained access to such information, or of any change in its
      authorized personnel. In executing funds transfers, the Trustee will rely upon
      account numbers or other identifying numbers of a beneficiary, beneficiary’s
      bank or intermediary bank, rather than names. The Trustee shall not be liable
      for any loss, liability or expense resulting from any error in an account number
      or other identifying number, provided it has accurately transmitted the numbers
      provided.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    (b)
         This Agreement shall be governed by and construed and enforced in
      accordance with the laws of the State of Delaware, without giving effect to
      conflict of laws. It may be executed in several counterparts, each one of which
      shall constitute an original, and together shall constitute but one instrument.
      Facsimile signatures shall constitute original signatures for all purposes
      of
      this Agreement.

     

    (c)
         This Agreement contains the entire agreement and understanding of
      the parties hereto with respect to the subject matter hereof. This Agreement
      or
      any provision hereof may only be changed, amended or modified by a writing
      signed by each of the parties hereto; provided, however, that no such change,
      amendment or modification may be made without the prior written consent of
      Maxim, who, along with each other Underwriter, the parties specifically
      agree, is and shall be a third party beneficiary for purposes of this
      Agreement; and provided further, any amendment to Section 3(j) shall require
      the
      consent of all of the Public Stockholders. As to any claim, cross-claim or
      counterclaim in any way relating to this Agreement, each party waives the right
      to trial by jury.   

    

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

     

    (e)
         Any notice, consent or request to be given in connection with any
      of the terms or provisions of this Agreement shall be in writing and shall
      be
      sent by express mail or similar private courier service, by certified mail
      (return receipt requested), by hand delivery or by facsimile
      transmission:

     

    if
      to the
      Trustee, to:

    

    American
      Stock Transfer & Trust Company

    59
      Maiden
      Lane, Plaza Level

    New
      York,
      New York 10038

    Attn:
      Herb Lemmer, Vice President

    Fax
      No.:
      (718) 331-1852

     

    if
      to the
      Company, to:

     

    Pinpoint
      Advance Corp.

    4
      Maskit
      Street

    Herzeliya,
      Israel 46700

    

    Attn:
      Adiv Baruch

    Fax
      No.:

     

    in
      either
      case with a copy to:

     

    Maxim
      Group LLC

    405
      Lexington Avenue

    New
      York,
      New York 10174

    Attn:
      Clifford A. Teller

    Fax
      No.:
      (212) 895-3783

     

    and

     

    Ellenoff,
      Grossman & Schote LLP

    370
      Lexington Avenue

    New
      York,
      New York 10017

    Attn:
      Douglas S. Ellenoff

    Fax
      No.:
      (212) 370-7889

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    and

     

    Richardson
      & Patel LLP

    405
      Lexington Avenue

    New
      York,
      New York 10174

    Attn:
      Jody R. Samuels

    Fax
      No.:
      (212) 907-6687

     

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

     

    (g)
         Each of the Trustee and the Company hereby represents that it has
      the full right and power and has been duly authorized to enter into this
      Agreement and to perform its respective obligations as contemplated hereunder.
      The Trustee acknowledges and agrees that it shall not make any claims or proceed
      against the Trust Account, including by way of set-off, and shall not be
      entitled to any funds in the Trust Account under any
      circumstance.

    

    IN
      WITNESS WHEREOF, the parties have duly executed this Investment Management
      Trust
      Agreement as of the date first written above.

    
      	 	 	 	 
	 	 	 	 
	
              AMERICAN
                STOCK TRANSFER & TRUST COMPANY, as Trustee 

            	 	
            
	 	 	 	 
	By: 	 	 	 
	
              
                

              

              
                Name:
                   

                Title:

              

            	 	 	
            
	 	 	 	 
	 	 	 	 
	
              PINPOINT
                ADVANCE CORP.

            	 	 	
            
	 	 	 	 
	By:	 	 	 
	
              
                

              

              
                Name:
                  Adiv Baruch

                Title:
                  Chief Executive Officer 

              

            	 	 	 

    

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    EXHIBIT
      A

     

    [Letterhead
      of Company]

     

    [Insert
      date]

     

    American
      Stock Transfer

    &
      Trust Company

    59
      Maiden
      Lane

    Plaza
      Level

    New
      York,
      New York 10038

    

     Attn:
      Herb Lemmer, Vice President

     

    Re:
        Trust
      Account No. [ ] Termination Letter

     

    Gentlemen:

     

    Pursuant
      to Section 1(i) of the Investment Management Trust Agreement between Pinpoint
      Advance Corp. (“Company”) and American Stock Transfer & Trust Company
      (“Trustee”), dated as of __________, 2007 (“Trust Agreement”), this is to advise
      you that the Company has entered into an agreement (“Business Agreement”) with
      __________________ (“Target Business”) to consummate a business combination with
      Target Business (“Business Combination”) on or about [_______]. The Company
      shall notify you at least 48 hours in advance of the actual date of the
      consummation of the Business Combination (“Consummation Date”). Capitalized
      words used herein and not otherwise defined shall have the meanings ascribed
      to
      them in the Trust Agreement.

     

    In
      accordance with paragraph 2 of Article 6 of the Certificate of Incorporation
      of
      the Company, the Business Combination has been approved by the stockholders
      of
      the Company and by the Public Stockholders holding a majority of the IPO Shares
      cast at the meeting relating to the Business Combination, and Public
      Stockholders holding less than 30% of the IPO Shares have voted against the
      Business Combination and given notice of exercise of their redemption rights
      described in paragraph 3 of Article 6 of the Certificate of Incorporation of
      the
      Company. Pursuant to Section 2(c) of the Trust Agreement, we are providing
      you
      with [an affidavit] [a certificate ] of __________, which verifies the vote
      of
      the Company’s stockholders in connection with the Business Combination. In
      accordance with the terms of the Trust Agreement, we hereby authorize you to
      commence liquidation of the Trust Account to the effect that, on the
      Consummation Date, all of funds held in the Trust Account will be immediately
      available for transfer to the account or accounts that the Company shall direct
      in writing on the Consummation Date.

     

    On
      the
      Consummation Date (i) counsel for the Company shall deliver to you written
      notification that the Business Combination has been consummated or will,
      concurrently with your transfer of funds to the accounts as directed by the
      Company, be consummated, and (ii) the Company shall deliver to you written
      instructions with respect to the transfer of the funds held in the Trust Account
      (“Instruction Letter”). You are hereby directed and authorized to transfer the
      funds held in the Trust Account immediately upon your receipt of the counsel’s
      letter and the Instruction Letter in accordance with the terms of the
      Instruction Letter. In the event that certain deposits held in the Trust Account
      may not be liquidated by the Consummation Date without penalty, you will notify
      the Company of the same and the Company shall direct you as to whether such
      funds should remain in the Trust Account and be distributed after the
      Consummation Date to the Company or be distributed immediately and the penalty
      incurred. Upon the distribution of all the funds in the Trust Account pursuant
      to the terms hereof, the Trust Agreement shall be terminated.

     

    In
      the
      event that the Business Combination is not consummated on the Consummation
      Date
      described in the notice thereof and we have not notified you on or before the
      original Consummation Date of a new Consummation Date, then the funds held
      in
      the Trust Account shall be reinvested as provided in the Trust Agreement on
      the
      business day immediately following the Consummation Date as set forth in the
      notice.

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    
      	 	 	 
	 	
              Very
                truly yours,

            
	 	 
	 	
              PINPOINT
                ADVANCE CORP.

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              

              Adiv
                Baruch

            
	 	
              Chief
                Executive Officer

            

    

     

    Cc:
      Maxim
      Group LLC

     
               

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    EXHIBIT
      B

     

    [Letterhead
      of Company]

     

    [Insert
      date]

     

    American
      Stock Transfer

    &
      Trust Company

    59
      Maiden
      Lane

    Plaza
      Level

    New
      York,
      New York 10038

    

     Attn:
      Herb Lemmer, Vice President

     

    Re:
        Trust
      Account No. [ ] Termination Letter

     

    Gentlemen:

     

    Pursuant
      to paragraphs 1(i) and 2(e) of the Investment Management Trust Agreement between
      Pinpoint Advance Corp. (“Company”) and American Stock Transfer & Trust
      Company (“Trustee”), dated as of _____________, 2007 (“Trust Agreement”), this
      is to advise you that the Board of Directors of the Company and the
      stockholders of the Company have voted to dissolve the Company and
      liquidate the Trust Account (as defined in the Trust Agreement). Attached hereto
      is a copy of the minutes of the meeting of the Board of Directors of the Company
      relating thereto, certified by the Secretary of the Company as true and correct
      and in full force and effect.

     

    In
      accordance with the terms of the Trust Agreement, we hereby authorize you to
      commence liquidation of the Trust Account as part of the Company’s plan of
      dissolution and liquidation. In connection with this liquidation, you are hereby
      authorized to establish a record date for the purposes of determining the
      stockholders of record entitled to receive their per share portion of the Trust
      Account. The record date shall be within ten (10) days of the liquidation date,
      or as soon thereafter as is practicable. You will notify the Company in
      writing as to when all of the funds in the Trust Account will be available
      for
      immediate transfer (“Transfer Date”) in accordance with the terms of the Trust
      Agreement and Certificate of Incorporation of the Company. You shall commence
      distribution of such funds in accordance with the terms of the Trust Agreement
      and the Certificate of Incorporation of the Company and you shall oversee the
      distribution of such funds. Upon the payment of all the funds in the Trust
      Account, the Trust Agreement shall be terminated.

    
      	 	 	 
	 	
              Very
                truly yours,

            
	 	 
	 	
              PINPOINT
                ADVANCE CORP.

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              

              Adiv
                Baruch

            
	 	
              Chief
                Executive Officer

            

    

     

    Cc:
      Maxim
      Group LLC

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    EXHIBIT
      C

    

    
      	
              AUTHORIZED
                INDIVIDUAL(S)

              FOR
                TELEPHONE CALL BACK

            	
               

            	
              AUTHORIZED

              TELEPHONE
                NUMBER(S)

            
	
               

            	
               

            	
               

            
	
              Company:

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
              Pinpoint
                Advance Corp.

              4
                Maskit Street

              Herzeliya,
                Israel 46700

              Attn:
                Adiv Baruch, Chief Executive Officer

            	
               

            	
               

               

              972
                9-9500245

            
	
               

            	
               

            	
               

            
	
              Maxim

              405
                Lexington Avenue

              New
                York, New York 10022

              Attn:
                Clifford A. Teller 

            	
               

            	
               (212)
                895-3500

            
	
               

            	
               

            	
               

            
	
              Trustee:

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
              American
                Stock Transfer

              &
                Trust Company

              59
                Maiden Lane

              Plaza
                Level

              New
                York, New York 10038

              Attn:
                Herb Lemmer, Vice President

            	
               

            	
               (718)
                921-8209

            

    

    

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    SCHEDULE
      A

    

    Schedule
      of fees pursuant to Section 3(c) of Investment Management Trust
      Agreement

    between
      Pinpoint Advance Corp. and 

    American
      Stock Transfer & Trust Company

    

    
      	
              Fee
                Item

            	 	
              Time
                and method of payment 

            	 	
              Amount

            
	 	 	 	 	 
	
              Initial
                acceptance fee

            	 	
              Initial
                closing of IPO by wire transfer 

            	 	
              $1,000

            
	 	 	 	 	 
	
              Annual
                fee

            	 	
              First
                year, initial closing of IPO by wire transfer; thereafter on the
                anniversary of the effective date of the IPO by wire transfer or
                check

            	 	
              $3,000

            
	 	 	 	 	 
	
              Transaction
                processing fee for disbursements to Company under Sections 2(a) and
                2(b)

            	 	
              Deduction
                by Trustee from disbursement made to Company under Section
                2(b)

            	 	
              $250

            

    

     

    
      	 	 	 
	 	Agreed:
	 	 
	 	Pinpoint Advance Corp.
	 	 
	Dated:
              [___], 2007	By:  	
            
	 	 	
              

              Adiv
                Baruch

              Chief
                Executive Officer

            
	 	 	 
	 	 
	 	
              American
                Stock Transfer & Trust Co.

            
	 	 	 
	 	By:  	 
	 	
              
Authorized
              Officer

    

     

    
      
         

      

      
        12Exhibit
      10.3

     

    FORM
      OF STOCK ESCROW AGREEMENT

     

    STOCK
      ESCROW AGREEMENT, dated as of ________, 2007 (the “Agreement”) by and among
      Pinpoint Advance Corp., a Delaware corporation (“Company”), the undersigned
      parties listed as Initial Stockholders on the signature page hereto
      (collectively, the “Initial Stockholders”) and American Stock Transfer &
Trust Company, a New York corporation (“Escrow Agent”).

     

    WHEREAS,
      the Company has entered into an Underwriting Agreement, dated [____], 2007
      (“Underwriting Agreement”) with Maxim Group LLC (“Maxim”) acting as
      representative of the several underwriters (collectively, the “Underwriters”),
      pursuant to which, among other matters, the Underwriters have agreed to
      purchase 2,500,000 units (not including the underwriters’ over-allotment
      option) (“Units”) of the Company. Each Unit consists of one share of the
      Company’s Common Stock, par value $.0001 per share, and one warrant (“Warrant”),
      each Warrant to purchase one share of Common Stock, all as more fully described
      in the Company’s definitive Prospectus, dated [______], 2007 (“Prospectus”)
      comprising part of the Company’s Registration Statement on Form S-1 (File No.
      333-138110) under the Securities Act of 1933, as amended (“Registration
      Statement”), declared effective on [______], 2007 (“Effective
      Date”).

     

    WHEREAS,
      the Initial Stockholders have agreed as a condition of the Underwriters’
obligation to purchase the Units pursuant to the Underwriting Agreement and
      to
      offer them to the public to deposit all of their shares of Common Stock of
      the
      Company, as set forth opposite their respective names in Exhibit A attached
      hereto (collectively “Escrow Shares”), in escrow as hereinafter
      provided.

     

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

     

    IT
      IS
      AGREED:

     

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

     

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

     

    3. Disbursement
      of the Escrow Shares.
      Except
      as set forth herein, the Escrow Agent shall hold the Escrow Shares until the
      third anniversary of the Effective Date (“Escrow Period”), on which date it
      shall, upon written instructions from each Initial Stockholder, disburse each
      of
      the Initial Stockholder’s Escrow Shares to such Initial Stockholder; provided,
      however, that if the Escrow Agent is notified by the Company pursuant to Section
      6.7 hereof that the Company is being liquidated at any time during the Escrow
      Period, then the Escrow Agent shall promptly destroy the certificates
      representing the Escrow Shares; provided further, that if, after the Company
      consummates a Business Combination (as such term is
      defined in the Registration Statement), it (or the surviving entity)
      subsequently consummates a liquidation, merger, stock exchange or other similar
      transaction which results in all of its stockholders of such entity having
      the
      right to exchange their shares of Common Stock for cash, securities or other
      property, then the Escrow Agent will, upon consummation of such transaction,
      release the Escrow Shares to the Initial Stockholders so that they can similarly
      participate. The Escrow Agent shall have no further duties hereunder after
      the
      disbursement or destruction of the Escrow Shares in accordance with this Section
      3.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    4. Rights
      of
      Initial Stockholders in Escrow Shares.

     

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

     

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

     

    4.3 Restrictions
      on Transfer.
      No
      sale, transfer or other disposition may be made of any or all of the Escrow
      Shares except (i) by gift to a member of Initial Stockholder’s immediate family
      or to a trust or other entity, the beneficiary of which is an Initial
      Stockholder or a member of an Initial Stockholder’s immediate family, (ii) by
      virtue of the laws of descent and distribution upon death of any Initial
      Stockholder, or (iii) pursuant to a qualified domestic relations order;
      provided, however, that such permissive transfers may be implemented only upon
      the respective transferee’s written agreement to be bound by the terms and
      conditions of this Agreement and of the Insider Letter signed by the Initial
      Stockholder transferring the Escrow Shares. During the Escrow Period, the
      Initial Stockholders shall not pledge or grant a security interest in the Escrow
      Shares or grant a security interest in their rights under this
      Agreement.

     

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

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    5. Concerning
      the Escrow Agent.

     

    5.1 Good
      Faith Reliance.
      The
      Escrow Agent shall not be liable for any action taken or omitted by it in good
      faith and in the exercise of its own best judgment, and may rely conclusively
      and shall be protected in acting upon any order, notice, demand, certificate,
      opinion or advice of counsel (including counsel chosen by the Escrow Agent),
      statement, instrument, report or other paper or document (not only as to its
      due
      execution and the validity and effectiveness of its provisions, but also as
      to
      the truth and acceptability of any information therein contained) which is
      believed by the Escrow Agent to be genuine and to be signed or presented by
      the
      proper person or persons. The Escrow Agent shall not be bound by any notice
      or
      demand, or any waiver, modification, termination or rescission of this Agreement
      unless evidenced by a writing delivered to the Escrow Agent signed by the proper
      party or parties and, if the duties or rights of the Escrow Agent are affected,
      unless it shall have given its prior written consent thereto.

     

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

     

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

     

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

     

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

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

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

     

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

     

    6. Miscellaneous.

     

    6.1 Governing
      Law.
      This
      Agreement shall for all purposes be deemed to be made under and shall be
      construed in accordance with the laws of the State of New York. Each of the
      parties hereby agrees that any action, proceeding or claim against it arising
      out of or relating in any way to this Agreement shall be brought and enforced
      in
      the courts of the State of New York or the United States District Court for
      the
      Southern District of New York, and irrevocably submits to such jurisdiction,
      which jurisdiction shall be exclusive. Each of the parties hereby waives any
      objection to such exclusive jurisdiction and that such courts represent an
      inconvenient forum.

     

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

     

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

     

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

     

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

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    6.6 Notices.
      Any
      notice or other communication required or which may be given hereunder shall
      be
      in writing and either be delivered personally or by private national courier
      service, or be mailed, certified or registered mail, return receipt requested,
      postage prepaid, and shall be deemed given when so delivered personally or,
      if
      sent by private national courier service, on the next business day after
      delivery to the courier, or, if mailed, two business days after the date of
      mailing, as follows:

     

    If
      to the
      Company, to:

    

    Pinpoint
      Advance Corp.

    4
      Maskit
      Street

    Herzeliya,
      Israel 46700

    Attn:
      Adiv Baruch

    Fax
      No.:

     

    If
      to a
      Stockholder, to his address set forth in Exhibit A.

     

    and
      if to
      the Escrow Agent, to:

     

    American
      Stock Transfer & Trust Company

    59
      Maiden
      Lane, Plaza Level

    New
      York,
      New York 10038

    Attn:
      Herb Lemmer, Vice President

    Fax
      No.:
      (718) 331-1852

     

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

    

    Richardson
      & Patel LLP

    405
      Lexington Avenue, 26th
      floor

    New
      York,
      New York 10174

    Attn:
      Jody R. Samuels, Esq.

    

    and:

     

    Maxim
      Group LLC

    405
      Lexington Avenue

    New
      York,
      New York 10174

    Attn:
      Clifford A. Teller

     

    and:

     

    Ellenoff,
      Grossman & Schole LLP

    370
      Lexington Avenue

    New
      York,
      New York 10017

    Attn:
      Douglas S. Ellenoff, Esq.

     

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

     

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

     

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

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    WITNESS
      the execution of this Agreement as of the date first above
      written.

     

    PINPOINT
      ADVANCE CORP.

    
      	 	
               

               

            	 	 	 
	By: 	 	 	 	 
	 	
              

              Adiv
                Baruch, Chief Executive Officer and President

            	 	 	
            

    

     

    INITIAL
      STOCKHOLDERS:

     

      
        

      

    

    Adiv
      Baruch

     

    
      
 Ronan
      Zadok

     

    
      
 Yaron
      Schwalb

     

    
      
 Yaov
      Schwalb

     

    
      
 Jacob
      Perry

     

    AMERICAN
      STOCK TRANSFER

    &
      TRUST COMPANY

    
      
        	 	
                 

                 

              	 	 	 
	By: 	 	 	 	 
	 	
                

                Name:

                
                  Title:
                    

                

              	 	 	
              

      

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

    

     

    EXHIBIT
      A

     

    
      	
               Name
                and Address of Initial Stockholder

            	 	
              Number

              of
                Shares

            	 	
              Stock

              Certificate
                Number

            
	
              Adiv
                Baruch

            	 	 	 	
               

            
	
              Ronen
                Zadok

            	 	 	 	
               

            
	
              Yaron
                Schwalb

            	 	 	 	
               

            
	
              Yaov
                Schwalb

            	 	 	 	
               

            
	
              Jacob
                Perry

            	 	 	 	 

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

      
      EXHIBIT B

     

     Escrow
      Agent Fees

     

    $1,800
      annually for acting agent escrow fee.

     

    Initial
      acceptance fee and first year agent fee to be paid at closing.

     

    
      
        
        

      

      
        8

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