FORM OF PURCHASE OPTION CLARIFICATION AGREEMENTPurchase Option Clarification Agreement • November 14th, 2006 • TAC Acquisition Corp. • Blank checks • New York
This PURCHASE OPTION CLARIFICATION AGREEMENT (this “Agreement”), dated November 14, 2006, is to the unit purchase option, dated as of July 1, 2005 (the “Purchase Option”), by and between TAC Acquisition Corp., a Delaware corporation, (the “Company”), and WEDBUSH MORGAN SECURITIES INC., (“WMS”) as registered owner. For purposes of this Agreement and the exercise of any right hereunder, the term “Holder” shall mean, as of any date, WMS and/or any permitted transferee in accordance with Section 3.1 of the Purchase Option that is validly holding the Purchase Option as of such date.
