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Re: Proposed Transfer of Certain Shares of Common Stock of North Shore Acquisition Corp.

Stock Conversion Exchange Agreement

Re:  Proposed Transfer of Certain Shares of Common Stock of North Shore Acquisition Corp. | Document Parties: NORTH SHORE ACQUISITION CORP. You are currently viewing:
This Stock Conversion Exchange Agreement involves

NORTH SHORE ACQUISITION CORP.

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Title: Re: Proposed Transfer of Certain Shares of Common Stock of North Shore Acquisition Corp.
Date: 8/17/2009

Re:  Proposed Transfer of Certain Shares of Common Stock of North Shore Acquisition Corp., Parties: north shore acquisition corp.
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August 17, 2009

 

 

Continental Stock Transfer & Trust Company

17 Battery Place

New York, NY  10004

Attn: Steven Nelson

 

 

Re:  Proposed Transfer of Certain Shares of Common Stock of North Shore Acquisition Corp.

 

Dear Mr. Nelson:

 

Pursuant to that certain Stock Escrow Agreement (the “ Escrow Agreement ”) dated November 30, 2007 by and among North Shore Acquisition Corp. (the “ Company ”), Continental Stock Transfer & Trust Company (the “ Escrow Agent ”), Barry J. Gordon, Marc H. Klee, Robert Sroka, Arthur H. Goldberg, Harvey Granat and Alan J. Lowenstein (collectively, the “ Initial Stockholders ”), the Escrow Agent is currently holding in escrow the shares of the Company’s common stock owned by each of the Initial Stockholders in the amounts identified in Schedule A (the “ Escrow Shares ”).

 

The Initial Stockholders have executed an agreement (the “ Put/Call Agreement ”) of even date herewith pursuant to which they have agreed to transfer a portion of each Initial Stockholders’ Escrow Shares in the amounts identified in Schedule A (the “ Transfer Shares ”) in a private transaction to Sang-Chul Kim (the “ Investor ”), for no cash consideration upon the Company’s consummation of a Business Combination (as such term is defined in the Put/Call Agreement).  The Escrow Shares and the Transfer Shares will remain in escrow with you pursuant to the terms of the Escrow Agreement, but after the consummation of a Business Combination, you will hol


 
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