TERRA NOVA ACQUISITION CORPORATION
0 XXXXX XXXXXX XXXX, XXXXX 0000
XXXXXXX, XXXXXXX X0X 0X0, XXXXXX
May 22, 2006
Continental Stock Transfer & Trust Company
00 Xxxxxxx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxxxxx X. Xxxxxx
EarlyBirdCapital, Inc.
000 Xxxxxxx Xxxxxx, Xxxxx 0000
Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxxxxx Xxxxxx
Re: Investment Management Trust Agreement
Gentlemen:
Reference is made to that certain Investment Management Trust Agreement
(the "Agreement"), dated as of April 18, 2005, between Terra Nova Acquisition
Corporation ("Company") and Continental Stock Transfer & Trust Company. Section
1(c) is hereby deleted in its entirety and replaced with the following:
"(c) In a timely manner, upon the instruction of the Company, to invest and
reinvest the Property in United States "government securities" within the
meaning of Section 2(a)(16) of the Investment Company Act of 1940 having a
maturity of 180 days or less, and/or in any open ended investment company
registered under the Investment Company Act of 1940 that holds itself out as a
money market fund selected by the Company meeting the conditions of paragraphs
(c)(2), (c)(3) and (c)(4) of Rule 2a-7 promulgated under the Investment Company
Act of 1940, as determined by the Company;"
Except as indicated above, the Agreement shall remain in full force and effect.
TERRA NOVA
ACQUISITION CORPORATION
By: /s/ Xxx X. Xxxxx
--------------------
Name: Xxx X. Xxxxx
Title: CFO
Acknowledged and agreed this
22nd day of May, 2006
CONTINENTAL STOCK TRANSFER &
TRUST COMPANY
By: /s/ Xxxxx XxXxxxx
---------------------
Name: Xxxxx XxXxxxx
Title: CFO
The undersigned is required to consent to this amendment pursuant to Section
5(c) of the Investment Management Trust Agreement and hereby does so.
EARLYBIRDCAPITAL, INC.
By: /s/ Xxxxxx Xxxxxx
---------------------
Name: Xxxxxx Xxxxxx
Title: Managing Director
