Document:

SHARE PURCHASE AGREEMENT

AGREEMENT, dated February 1, 2008, among the persons listed on Schedule A hereto (each a “Purchaser” and collectively the “Purchasers”) and Global Logistics Acquisition Corporation, a Delaware corporation (the “Company”).

RECITALS:

A. The Company will hold a special meeting of its stockholders to consider and act upon, among other things, a proposal to adopt and approve the Stock Purchase Agreement dated May 18, 2007, as amended, among the Company, The Clark Group, Inc. (“Clark”) and the stockholders of Clark, providing for the sale by the stockholders of Clark of all of the outstanding capital stock of Clark to the Company (the “Acquisition Proposal”). 

B. Each of the Purchasers is the holder of shares of common stock of the Company that were issued prior to the Company’s initial public offering. In order to increase the likelihood of the approval of the Acquisition Proposal, the Purchasers have agreed to purchase additional shares of the Company entitled to vote upon the Acquisition Proposal and to vote such shares in favor of the Acquisition Proposal at the special meeting, all upon the terms and conditions set forth herein.

IT IS AGREED:

1. Purchase of Shares. Each Purchaser agrees to purchase, prior to the special meeting, the number of shares of common stock, par value $0.0001, of the Company set forth below his signature to this Agreement. Such purchases shall be effected in open market transactions through a registered stock broker (or in non-market transactions) only from persons who hold shares of the Company’s common stock sold in the Company’s initial public offering (“Public Shares”) and who have indicated their intention to vote against the Acquisition Proposal and convert their Public Shares into a pro rata portion of the trust fund established for the benefit of holders of Public Shares in connection with the initial public offering. All purchases made in open market transactions shall be made in
accordance with Rule 10b-18 under the Securities Exchange Act of 1934. Notwithstanding anything to the contrary herein, no such purchases shall be made at any time by a Purchaser who, at the time of placing an order to purchase Public Shares, or, if purchases are to be made pursuant to a “10b5-1 Plan,” at the time such plan is instituted with a broker, is in possession of material information regarding the Company or Clark that has not been disclosed to the public.

2. Voting of Shares. Each Purchaser who purchases Public Shares pursuant to this Agreement agrees to maintain ownership of such shares until the special meeting and to vote such shares in favor of the Acquisition Proposal and the other proposals presented to the stockholders of the Company for consideration at the special meeting. In 

furtherance of the provisions of this section 2, each such Purchaser shall obtain a proxy to such effect from the seller of the Public Shares purchased by such Purchaser.

3. Disclosure; Exchange Act Filings. Promptly upon execution of this Agreement, the Company will issue a press release describing this Agreement and file a Current Report on Form 8-K under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), reporting such execution. Promptly upon a Purchaser making a purchase of Public Shares pursuant to this Agreement, such Purchaser will inform the Company thereof. The Company will thereupon issue a press release describing such purchase and file a Current Report on Form 8-K with respect thereto at such time that counsel advises is necessary or appropriate to do so. The Purchaser will also promptly file any forms or schedules required to be filed by the Purchaser pursuant to Section 13 or Section 16 of the Exchange Act with respect to or
as a result of such purchase. The parties to this Agreement shall cooperate with one another to assure that all such forms, schedules and reports and other disclosures are accurate and consistent.

4. Entire Agreement; Amendment. This Agreement constitutes the entire agreement among the parties with respect to the subject matter hereof and may be amended or modified only by written instrument signed by all parties. The headings in this Agreement are for convenience of reference only and shall not alter or otherwise affect the meaning hereof. 

5. Governing Law. This Agreement shall be governed by and construed in accordance with the law of the State of New York, including the conflicts of law provisions and interpretations thereof. 

6. Counterparts. This Agreement may be executed in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. Delivery of an executed signature page by facsimile or other electronic transmission shall be effective as delivery of a manually signed counterpart of this Agreement.

[Signature page follows]

 

[Signature page to Share Purchase Agreement dated February 1, 2008]

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

 

	
                          
 	
                         
 	
                         
 	
                        
 /s/ James J. Martell
 
	
                         
 	
                         
 	
                         
 	
                        James J. Martell – 115,000 Shares
 

 

	
                          
 	
                         
 	
                         
 	
                        /s/ Gregory E. Burns
 
	
                         
 	
                         
 	
                         
 	
                        Gregory E. Burns – 105,000 Shares
 

 

	
                          
 	
                         
 	
                         
 	
                        /s/ Donald McInnes
 
	
                         
 	
                         
 	
                         
 	
                        Donald McInnes – 10,000 Shares
 

 

	
                          
 	
                         
 	
                         
 	
                        /s/ Charles Royce
 
	
                         
 	
                         
 	
                         
 	
                        Charles Royce – 80,000 Shares
 

 

	
                          
 	
                         
 	
                         
 	
                        /s/ Edward Cook
 
	
                         
 	
                         
 	
                         
 	
                        Edward Cook – 10,000 Shares
 

  

	
                         
 	
                         
 	
                         
 	
                        GLOBAL LOGISTICS ACQUISITION CORPORATION
 
	
                         
 	
                         
 	
                         
 	
                         
 	
                        

                        By: 
 	
                        /s/ Gregory E. Burns  
 
	
                         
 	
                         
 	
                         
 	
                         
 	
                        Name: 
 	
                        Gregory E. Burns
 
	
                         
 	
                         
 	
                         
 	
                         
 	
                        Title: 
 	
                        Chief Executive Officer and PresidentTemporary Certificate – Exchangeable for Definitive Engraved Certificate When Available for Delivery
	 
	
                         
 	
                         
 	
                         
 
	
                         
 	FREDERICK’S OF HOLLYWOOD GROUP INC.
	
                        
 
 
	
                         
 	
                         
 
	
                         
 	
                        INCORPORATED UNDER THE LAWS OF THE STATE OF NEW YORK
 
	
                         
 	
                         
 	
                        SEE REVERSE FOR
 CERTAIN DEFINITIONS
 
	
                         
 	
                        COMMON STOCK
 	
                         
 
	
                         
 	
                         
 	
      CUSIP 35582T 10 8
 
	
                         
 	
                        
 
 
	
                         
 
	
                         
 
	
                         
 
	
                         
 
	
                         
 
	
                         
 
	
                         
 
	
                         
 	
                        FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK, OF THE PAR VALUE OF ($.01) EACH OF
 
	
                         
 	
                        Frederick’s of Hollywood Group Inc. transferable on the books of the corporation in person or by his duly authorized attorney upon surrender 

                        of this certificate properly endorsed. This certificate is not valid until countersigned by the Transfer Agent and registered by the Registrar.
 
	
                         
 	
                        Witness the facsimile seal of said corporation and the facsimile signatures of its duly authorized officers.
 
	
                         
 	
                        Dated:
 
	
                         
 	
                        COUNTERSIGNED AND REGISTERED:
 
	
                         
 	
                        
						
SECRETARY
 	
                              
 
 	
                        

						
CHAIRMAN
 
							
	
                         
 	
                        COUNTERSIGNED AND REGISTERED:
 
	
                         
 	
                        AMERICAN STOCK TRANSFER & TRUST COMPANY
 (New York, NY)
 
	
                         
 	
                        BY
 	
                        TRANSFER AGENT

                          AND REGISTRAR
 
	
                         
 	
                        AUTHORIZED SIGNATURE
 

 

 

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations:

 

	
                         
 	
                        TEN COM 
 	
      –
 	
                        as tenants in common
 	
                         
 	
                        UNIF GIFT MIN ACT–
 	
                        .....................Custodian................
 
	
                         
 	
                        TEN ENT 
 	
                        –
 	
                        as tenants by the entireties
 	
                         
 	
                         
 	
           (Cust)                         (Minor)
 
	
                         
 	
                        JT TEN 
 	
                        –
 	
                        as joint tenants with right of 
 	
                         
 	
                         
 	
                        under Uniform Gifts to Minors
 
	
                         
 	
                         
 	
                         
 	
                        survivorship and not as tenants
 	
                         
 	
                         
 	
                        Act......................
 
	
                         
 	
                         
 	
                         
 	
                        in common
 	
                         
 	
                         
 	
                                    (State)
 

Additional abbreviations may also be used though not in the above list.

For value received,_________ hereby sell, assign and transfer unto

 

	
                        PLEASE INSERT SOCIAL SECURITY OR OTHER
 IDENTIFYING NUMBER OF ASSIGNEE
 
	
                        
  
 

 

	____________________________________________________________________________________________

	
                        (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE)
 
	____________________________________________________________________________________________

	
                        ____________________________________________________________________________________________
 
	
                        ______________________________________________________________________________________ shares of the capital stock represented by the within Certificate, and do hereby irrevocably constitute and appoint 
 
	
                        ____________________________________________________________________________________ Attorney to transfer the said stock on the books of the within named Corporation with full power of substitution in the premises. 

                        Dated _______________
 

 

	
       
 	___________________________________________________________________

	
      NOTICE:  
 	
      THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER
 
	
       
 	
       
 
	SIGNATURE(S) GUARANTEED: 
	___________________________________________________________________

	
        
 	
  THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15

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