September 7, 2005
Paramount Acquisition Corp.
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Re: Paramount Acquisition Corp. ("Company")
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Gentlemen:
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).
Very truly yours,
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▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ 2000 FAMILY TRUSTS
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Trustee
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