EXHIBIT 10.9



 Exhibit 10.9 
  
 STOCK ESCROW AGREEMENT 
  
 STOCK ESCROW AGREEMENT, dated as of
                    , 2005 (“Agreement”), by and among ENDEAVOR ACQUISITION CORP., a Delaware corporation (“Company”),
JONATHAN J. LEDECKY, TOWER TRUST, JAY H. NUSSBAUM, KERRY KENNEDY, ROBERT B. HERSOV and EDWARD J. MATHIAS (collectively “Initial Stockholders”) and CONTINENTAL STOCK TRANSFER & TRUST COMPANY, a New York corporation (“Escrow
Agent”). 
  
 WHEREAS, the Company has entered into an
Underwriting Agreement, dated                     , 2005 (“Underwriting Agreement”), with Ladenburg Thalmann & Co. Inc.
(“Ladenburg”) acting as representative of the several underwriters (collectively, the “Underwriters”), pursuant to which, among other matters, the Underwriters have agreed to purchase 25,000,000 units (“Units”) of the
Company. Each Unit consists of one share of the Company’s common stock, par value $.0001 per share (“Common Stock”), and one Warrant (“Warrant”), each Warrant to purchase one share of Common Stock, all as more fully
described in the Company’s final Prospectus, dated                     , 2005 (“Prospectus”) comprising part of the
Company’s Registration Statement on Form S-1 (File No. 333-128440) under the Securities Act of 1933, as amended (“Registration Statement”), declared effective on
                    , 2005 (“Effective Date”). 
  
 WHEREAS, the Initial Stockholders have agreed as a condition of the sale of the Units to deposit their shares of Common
Stock of the Company, as set forth opposite their respective names in Exhibit A attached hereto (collectively “Escrow Shares”), in escrow as hereinafter provided. 
  
 WHEREAS, the Company and the Initial Stockholders desire that the Escrow Agent accept the Escrow Shares, in escrow, to be
held and disbursed as hereinafter provided. 
  
 IT IS AGREED:

  
 1.     Appointment of Escrow Agent.
The Company and the Initial Stockholders hereby appoint the Escrow Agent to act in accordance with and subject to the terms of this Agreement and the Escrow Agent hereby accepts such appointment and agrees to act in accordance with and subject to
such terms. 
  
 2.     Deposit of Escrow
Shares. On or before the Effective Date, each of the Initial Stockholders shall deliver to the Escrow Agent certificates representing his respective Escrow Shares, to be held and disbursed subject to the terms and conditions of this Agreement.
Each Initial Stockholder acknowledges that the certificate representing his Escrow Shares is legended to reflect the deposit of such Escrow Shares under this Agreement. 
  
 3.     Disbursement of the Escrow Shares. The Escrow Agent shall hold the Escrow Shares until the
third anniversary of the Effective Date (“Escrow Period”), on which date it shall, upon written instructions from each Initial Stockholder, disburse each of the Initial Stockholder’s Escrow Shares to such Initial Stockholder;
provided, however, that if the Escrow Agent is notified by the Company pursuant to Section 6.7 hereof that the Company is being liquidated at any time during the Escrow Period, then the Escrow Agent shall promptly destroy the certificates
representing the Escrow Shares; provided further, however, that if, after the Company consummates a Business Combination (as such term is defined in the Registration Statement), (i) it 








 
(or the surviving entity) subsequently consummates a liquidation, merger, stock exchange or other similar transaction which results in all of the
stockholders of such entity having the right to exchange their shares of Common Stock for cash, securities or other property or (ii) the last sales price of the Common Stock equals or exceeds $15.00 per share for any 20 trading days within any
30-trading day period after the successful consummation by the Company of a business combination, then the Escrow Agent will, upon receipt of a certificate, executed by either the Chairman of the Board or President of the Company, in form reasonably
acceptable to the Escrow Agent, that such transaction is then being consummated or such conditions have been achieved, as applicable, release the Escrow Shares to the Initial Stockholders. The Escrow Agent shall have no further duties hereunder
after the disbursement or destruction of the Escrow Shares in accordance with this Section 3. 
  
 4.     Rights of Initial Stockholders in Escrow Shares. 
  
 4.1 Voting Rights as a Stockholder. Subject to the terms of the Insider Letter described in Section 4.4 hereof
and except as herein provided, the Initial Stockholders shall retain all of their rights as stockholders of the Company during the Escrow Period, including, without limitation, the right to vote such shares. 
  
 4.2 Dividends and Other Distributions in Respect of the Escrow Shares.
During the Escrow Period, all dividends payable in cash with respect to the Escrow Shares shall be paid to the Initial Stockholders, but all dividends payable in stock or other non-cash property (“Non-Cash Dividends”) shall be delivered to
the Escrow Agent to hold in accordance with the terms hereof. As used herein, the term “Escrow Shares” shall be deemed to include the Non-Cash Dividends distributed thereon, if any. 
  
 4.3 Restrictions on Transfer. During the Escrow Period, no sale,
transfer or other disposition may be made of any or all of the Escrow Shares except (i) by gift to a member of Initial Stockholder’s immediate family or to a trust, the beneficiary of which is an Initial Stockholder or a member of an
Initial Stockholder’s immediate family, (ii) by virtue of the laws of descent and distribution upon death of any Initial Stockholder, or (iii) pursuant to a qualified domestic relations order; provided, however, that
such permissive transfers may be implemented only upon the respective transferee’s written agreement to be bound by the terms and conditions of this Agreement and of the Insider Letter signed by the Initial Stockholder transferring the Escrow
Shares. During the Escrow Period, the Initial Stockholders shall not pledge or grant a security interest in the Escrow Shares or grant a security interest in their rights under this Agreement. 
  
 4.4 Insider Letters. Each of the Initial Stockholders has executed a
letter agreement with Ladenburg and the Company, dated as indicated on Exhibit A hereto, and which is filed as an exhibit to the Registration Statement (“Insider Letter”), respecting the rights and obligations of such Initial
Stockholder in certain events, including but not limited to the liquidation of the Company. 
  
 5.     Concerning the Escrow Agent. 
  
 5.1 Good Faith Reliance. The Escrow Agent shall not be liable for any action taken or omitted by it in good faith and in the exercise of its own best judgment, and may rely conclusively and shall be protected
in acting upon any order, notice, demand, certificate, opinion or 

  

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advice of counsel (including counsel chosen by the Escrow Agent), statement, instrument, report or other paper or document (not only as to its due execution
and the validity and effectiveness of its provisions, but also as to the truth and acceptability of any information therein contained) which is believed by the Escrow Agent to be genuine and to be signed or presented by the proper person or persons.
The Escrow Agent shall not be bound by any notice or demand, or any waiver, modification, termination or rescission of this Agreement unless evidenced by a writing delivered to the Escrow Agent signed by the proper party or parties and, if the
duties or rights of the Escrow Agent are affected, unless it shall have given its prior written consent thereto. 
  
 5.2 Indemnification. The Escrow Agent shall be indemnified and held harmless by the Company from and against any expenses, including counsel fees
and disbursements, or loss suffered by the Escrow Agent in connection with any action, suit or other proceeding involving any claim which in any way, directly or indirectly, arises out of or relates to this Agreement, the services of the Escrow
Agent hereunder, or the Escrow Shares held by it hereunder, other than expenses or losses arising from the gross negligence or willful misconduct of the Escrow Agent. Promptly after the receipt by the Escrow Agent of notice of any demand or claim or
the commencement of any action, suit or proceeding, the Escrow Agent shall notify the other parties hereto in writing. In the event of the receipt of such notice, the Escrow Agent, in its sole discretion, may commence an action in the nature of
interpleader in an appropriate court to determine ownership or disposition of the Escrow Shares or it may deposit the Escrow Shares with the clerk of any appropriate court or it may retain the Escrow Shares pending receipt of a final, non-appealable
order of a court having jurisdiction over all of the parties hereto directing to whom and under what circumstances the Escrow Shares are to be disbursed and delivered. The provisions of this Section 5.2 shall survive in the event the Escrow
Agent resigns or is discharged pursuant to Sections 5.5 or 5.6 below. 
  
 5.3 Compensation. The Escrow Agent shall be entitled to reasonable compensation from the Company for all services rendered by it hereunder. The Escrow Agent shall also be entitled to reimbursement from the Company for all expenses
paid or incurred by it in the administration of its duties hereunder including, but not limited to, all counsel, advisors’ and agents’ fees and disbursements and all taxes or other governmental charges. 
  
 5.4 Further Assurances. From time to time on and after the date
hereof, the Company and the Initial Stockholders shall deliver or cause to be delivered to the Escrow Agent such further documents and instruments and shall do or cause to be done such further acts as the Escrow Agent shall reasonably request to
carry out more effectively the provisions and purposes of this Agreement, to evidence compliance herewith or to assure itself that it is protected in acting hereunder. 
  
 5.5 Resignation. The Escrow Agent may resign at any time and be discharged from its duties as escrow agent hereunder
by its giving the other parties hereto written notice and such resignation shall become effective as hereinafter provided. Such resignation shall become effective at such time that the Escrow Agent shall turn over to a successor escrow agent
appointed by the Company, the Escrow Shares held hereunder. If no new escrow agent is so appointed within the 60 day period following the giving of such notice of resignation, the Escrow Agent may deposit the Escrow Shares with any court it
reasonably deems appropriate. 
  
 5.6 Discharge of Escrow
Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the 

  

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other parties hereto, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow
agent as provided in Section 5.5. 
  
 5.7 Liability.
Notwithstanding anything herein to the contrary, the Escrow Agent shall not be relieved from liability hereunder for its own gross negligence or its own willful misconduct. 
  
 6.     Miscellaneous. 
  
 6.1 Governing Law. This Agreement shall for all purposes be deemed to be made under and shall be construed in
accordance with the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. 
  
 6.2 Third Party Beneficiaries. Each of the Initial Stockholders hereby
acknowledges that the Underwriters are third party beneficiaries of this Agreement and this Agreement may not be modified or changed without the prior written consent of Ladenburg. 
  
 6.3 Entire Agreement. This Agreement contains the entire agreement of the parties hereto with respect to the subject
matter hereof and, except as expressly provided herein, may not be changed or modified except by an instrument in writing signed by the party to the charged. It may be executed in several original or facsimile counterparts, each one of which shall
constitute an original, and together shall constitute but one instrument. 
  
 6.4 Headings. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation thereof. 
  
 6.5 Binding Effect. This Agreement shall be binding upon and inure to
the benefit of the respective parties hereto and their legal representatives, successors and assigns. 
  
 6.6 Notices. Any notice or other communication required or which may be given hereunder shall be in writing and either be delivered personally or
be mailed, certified or registered mail, or by private national courier service, return receipt requested, postage prepaid, and shall be deemed given when so delivered personally or, if mailed, two days after the date of mailing, as follows:

  
 If to the Company, to: 
  
 Endeavor Acquisition Corp. 
 180 Madison Avenue, Suite 2305 
 New York, New York 10016 
 Attn: Chairman 
  
 If to a Stockholder, to his address set forth in Exhibit A. 
  
 and if to the Escrow Agent, to: 
  
 Continental Stock Transfer & Trust Company

 17 Battery Place 
  

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 New York, New York 10004 
 Attn: Chairman 
  
 A copy of any notice sent hereunder shall be sent to: 
  
 Graubard Miller 
 The Chrysler Building 
 405 Lexington Avenue 
 New York, New York 10174 
 Attn: David Alan Miller, Esq. 
  
 and: 
  
 Ladenburg Thalmann &
Co. Inc. 
 590 Madison Avenue, 34th Floor 
 New York, New York 10022 
 Attn: Peter H. Blum 
  
 and: 
  
 Akin Gump Strauss Hauer & Feld LLP 
 590 Madison Avenue 
 New York, NY 10022 
 Attn: Stephen E. Older, Esq. 
  
 The parties may change the persons and addresses to which the notices or other communications are to be sent by giving written notice of any such change
in the manner provided herein for giving notice. 
  
 6.7
Liquidation of the Company. The Company shall give the Escrow Agent written notification of the liquidation and dissolution of the Company in the event that the Company fails to consummate a Business Combination within the time period(s)
specified in the Prospectus. 
  

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 WITNESS the execution of this Agreement as of the date first above written. 
  

			
	 	 	ENDEAVOR ACQUISITION CORP.
		
	By:	 	 
	 	 	 Jonathan J. Ledecky
 President

		
	 	 	INITIAL STOCKHOLDERS:
		
	 	 	 
	 	 	Jonathan J. Ledecky
		
	 	 	 
	 	 	Jay H. Nussbaum
		
	 	 	 
	 	 	Kerry Kennedy
		
	 	 	 
	 	 	Robert B. Hersov
		
	 	 	 
	 	 	Edward J. Mathias
		
	 	 	TOWER TRUST
		
	By:	 	 
	 	 	 Name:
 Title:

		
	 	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY
		
	By:	 	 
	 	 	 Name:
 Title:



  

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 EXHIBIT A 
  

							
	 Name and Address of
 Initial Stockholder

	  	 Number
 of Shares

	  	 Stock
 Certificate Number

	  	 Date of
 Insider Letter


	 Jonathan J. Ledecky
 Endeavor Acquisition
Corp.
 180 Madison Avenue, Suite 2305
 New York, New York
10016
	  	3,045,000	  	1	  	September 15, 2005
				
	 Tower Trust
 c/o Eric J. Watson
 Endeavor Acquisition Corp.
 180 Madison Avenue, Suite 2305
 New York, New York 10016
	  	3,045,000	  	2	  	September 15, 2005
				
	 Jay H. Nussbaum
 Citigroup
 388 Greenwich Street
 New York, New York 10013
	  	40,000	  	3	  	September 15, 2005
				
	 Kerry Kennedy
 c/o Robert F. Kennedy Center
 1367 Connecticut Avenue N.W.
 Suite 200
 Washington, D.C. 20036
	  	40,000	  	4	  	September 15, 2005
				
	 Robert B. Hersov
 NetJets Europe, Ltd.
 Grundstrasse 12
 6343 Rotkreuz
 Switzerland
	  	40,000	  	5	  	September 15, 2005
				
	 Edward J. Mathias
 The Carlyle Group
 1001 Pennsylvania Avenue, N.W.
 Washington, DC 20004
	  	40,000	  	6	  	September 15, 2005

  

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