January 3, 2010 New Air, Inc. ("Corporation") Microdel Ltd. Baby's Breath Ltd. Re: Section 10 of the Shareholders Rights Agreement of September 2009 Gentlemen,
Exhibit
10.24
January
3, 2010
New Air,
Inc. ("Corporation")
Microdel
Ltd.
Baby's
Breath Ltd.
Re: Section 10 of the
Shareholders Rights Agreement of September 2009
Gentlemen,
Reference
is hereby made to that Shareholders Rights Agreement of September 2009 to which
the undersigned is a party (the "SRA").
Without
derogating from any other rights we have thereunder, in furtherance of Section
10(d) of the SRA, the undersigned hereby irrevocably agrees and undertakes
towards you not to invoke the right granted to it under said Section 10(d) until
the date of December 31, 2010, and not to vote in favor of causing the
Corporation to initiate or undergo any of the events set forth in Section 10(d),
until the date of December 31, 2010.
The
aforesaid undertaking was duly executed by the undersigned on the date first
written above and constitutes a valid and binding irrevocable
undertaking.
Sincerely yours, | |||
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By:
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/s/ Life Support Ltd | |
Life Support Ltd | |||