September 7, 2005
Paramount Acquisition Corp.
000 Xxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Paramount Acquisition Corp. ("Company")
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Gentlemen:
Each of the undersigned hereby waives his/its right to exercise
conversion rights with respect to any shares of the Company's common stock owned
by the undersigned, directly or indirectly, and agrees that he/it will not seek
conversion with respect to such shares in connection with any vote to approve a
business combination (as is more fully described in the Company's Prospectus
relating to the Company's initial public offering).
Very truly yours,
/s/ Xxxxxxx X. Xxxxxxxxx
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Xxxxxxx X. Xxxxxxxxx
XXXXXXX X. XXXXXXXXX 2000 FAMILY TRUSTS
By: /s/ Xxxxxx Xxxxxxxxx
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Name: Xxxxxx Xxxxxxxxx
Title: Trustee
/s/ X. Xxx Xxxxxx
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X. Xxx Xxxxxx
/s/ I. Xxxxx Xxxxx
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I. Xxxxx Xxxxx
/s/ Xxxxxxx Xxxxxx
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Xxxxxxx Xxxxxx
/s/ Xxxx Xxxxxxxxxx
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Xxxx Xxxxxxxxxx
/s/ Xxxxx Xxxx
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Xxxxx Xxxx
