TO: The Purchasers of Innovative Card Technologies, Inc., a Delaware corporation (the “Company”), 8% Senior Secured Convertible Debentures and Warrants pursuant to that certain Securities Purchase Agreement, dated as of January __, 2008 (the “Purchase...
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TO:
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The
Purchasers of Innovative Card Technologies, Inc., a Delaware corporation
(the “Company”),
8% Senior Secured Convertible Debentures and Warrants pursuant to
that
certain Securities Purchase Agreement, dated as of January __, 2008
(the
“Purchase Agreement”),
the Company and the purchasers signatory
thereto
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To
Whom
It May Concern:
Defined
terms not otherwise defined in this letter agreement shall have the meanings
set
forth in the Purchase Agreement. This agreement is given in consideration of,
and as a condition to enter into such Purchase Agreement and is not revocable
by
me. This letter agreement will confirm my agreement to vote all shares of
Innovative Card Technologies, Inc., a Delaware corporation (“INVC”)
voting
stock over which I have voting control in favor of any resolution presented
to
the shareholders of INVC to approve a transaction or series of transactions
which could result in an aggregate issuance of the Company’s common stock in
excess of 19.99% as required by the rules of the NASDAQ.
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By:
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_______________________________________
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Name
of Shareholder:
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Shares
Beneficial Ownership:
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