November , 2005 Ferris, Baker Watts, Incorporated 7061 Lewinsville Road, Suite 450 McLean, Virginia 22102 Re: JK Acquisition Corp. Gentlemen:Warrant Purchase Agreement • November 2nd, 2005 • JK Acquisition Corp. • Blank checks
This letter will confirm the agreement of the undersigned to purchase warrants (“Warrants”) of JK Acquisition Corp. (“Company”) included in the units (“Units”) being sold in the Company’s initial public offering (“IPO”) upon the terms and conditions set forth herein. Each Unit is comprised of one share of Common Stock and two Warrants. The shares of Common Stock and Warrants will not be separately tradable until 90 days after the effective date of the Company’s IPO unless Ferris, Baker Watts, Incorporated (“FBW”) informs the Company of its decision to allow earlier separate trading.
