September 7, 2005 Paramount Acquisition Corp. 787 Seventh Avenue, 48th Floor New York, New York 10019 Re: Paramount Acquisition Corp. ("Company") --------------------------------------- Gentlemen: Each of the undersigned hereby waives his/its right to...Waiver Agreement • September 8th, 2005 • Paramount Acquisition Corp • Blank checks
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).
