EX-10.11
from S-1/A
14 pages
Whereas, as Described in the Registration Statement, and in Accordance With the Company's Certificate of Incorporation, $78,600,000.00 of the Gross Proceeds of the Ipo and Sale of the Insider Warrants (As Defined in the Registration Statement) ($90,120,000.00 if the Underwriters Over-Allotment Option Is Exercised in Full) Will Be Delivered to the Trustee to Be Deposited and Held in a Trust Account for the Benefit of the Company and the Holders of the Company's Common Stock, Par Value $.0001 Per Share, Issued in the Ipo as Hereinafter Provided (The Amount to Be Delivered to the Trustee Will Be Referred to Herein as the "Property"; the Stockholders for Whose Benefit the Trustee Shall Hold the Property Will Be Referred to as the "Public Stockholders," and the Public Stockholders and the Company Will Be Referred to Together as the "Beneficiaries"); and Whereas, the Company and the Trustee Desire to Enter Into This Agreement to Set Forth the Terms and Conditions Pursuant to Which the Trustee Shall Hold the Property; It Is Agreed: 1. Agreements and Covenants of Trustee. the Trustee Hereby Agrees and Covenants To
12/34/56