September 29,
2006
Advanced
Technology Acquisition Corp.
14 A Achimeir
Street
Ramat Gan 52587
Israel
CRT Capital
Group LLC
262 Harbor
Drive
Stamford,
Connecticut 06902
Re: Initial
Public Offering
Gentlemen:
The undersigned
initial stockholder of Advanced Technology Acquisition Corp.
(“Company”), in consideration of CRT Capital Group LLC
(“CRT”) entering into a letter of intent (“Letter
of Intent”) to underwrite an initial public offering of the
securities of the Company (“IPO”) and embarking on the
IPO process, hereby agrees as follows (certain capitalized terms
used herein are defined in paragraph 5 hereof):
1. If the
Company solicits approval of its stockholders of a Business
Combination, the undersigned will vote all Pre-IPO Shares and IPO
Shares beneficially owned by it in accordance with the majority of
the votes cast by the non-affiliated holders of the IPO
Shares.
2. The
undersigned will escrow all Pre-IPO Shares and such Pre-IPO Shares
will not be transferable during the escrow period and will not be
released from escrow until the date which is one year after the
consummation of a Business Combination, subject to the terms of a
Stock Escrow Agreement which the Company will enter into with the
undersigned and an escrow agent acceptable to the
Company.
3. The
undersigned has full right and power, without violating any
agreement by which he is bound, to enter into this letter
agreement.
4. 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 co
