Document:

exv10w1

Exhibit 10.1

SEVERANCE AGREEMENT

	1.	 	PARTIES.

          The parties to this Severance Agreement (hereinafter “Agreement”) are PATRICK D. ANDERSON and
COLUMBIA SPORTSWEAR COMPANY, an Oregon corporation, with its principal place of business at 14375
NW Science Park Drive, Portland, Oregon 97229 (“COLUMBIA”).

	 	1.1	 	PATRICK D. ANDERSON.

          For the purposes of this Agreement, ANDERSON means PATRICK D. ANDERSON, and ANDERSON’s heirs,
executors, administrators, and assigns.

	 	1.2	 	THE COMPANY.

          For purposes of this Agreement “Company” means COLUMBIA SPORTSWEAR COMPANY, and all
subsidiaries, affiliated companies and other business entities thereof, all predecessors and
successors of each, and all of each entity’s officers, shareholders, directors, employees, agents,
or assigns, in their individual and representative capacities.

	2.	 	BACKGROUND AND PURPOSE.

          ANDERSON has been employed by COLUMBIA since June 29, 1992. ANDERSON’s employment is ending
effective April 30, 2008 (hereinafter Termination Date). The parties are entering into this
Agreement to define the severance relationship and to settle fully and finally any and all claims
ANDERSON may have against Company, whether asserted or not, known or unknown, including, but not
limited to, claims arising out of or related to ANDERSON’s employment, termination, and claim for
reemployment, or any other claims whether asserted or not, known or unknown, past or future, that
relate to ANDERSON’s employment, termination,

 

 

reemployment, or application for reemployment. ANDERSON has twenty-one (21) days to consider this
Agreement.

	3.	 	RELEASE.

          ANDERSON waives, acquits and forever discharges Company from any and all claims ANDERSON may
have. ANDERSON hereby releases Company from any and all claims, demands, actions, or causes of
action, whether known or unknown, arising from or related in any way to any employment of or past
or future failure or refusal to employ ANDERSON by Company, or any other past or future claim
(except as reserved by this Agreement or where expressly prohibited by law) that relates in any way
to ANDERSON’s employment, termination, employment contract, compensation, benefits, reemployment,
or application for employment, with the exception of any claim ANDERSON may have against COLUMBIA
for enforcement of this Agreement. This release includes any and all claims, direct or indirect,
which might otherwise be made under any applicable local, state or federal authority, including but
not limited to any claim arising under the state or local statutes governing the jurisdiction where
ANDERSON was employed by COLUMBIA dealing with civil rights, employment, wage and hour,
discrimination in employment, Employee Retirement Income Security Act (ERISA), Title VII of the
Civil Rights Act of 1964, the Post-Civil War Civil Rights Act (42 U.S.C. §§ 1981-1988), the Civil
Rights Act of 1991, the Americans With Disabilities Act, the Family and Medical Leave Act of 1993,
the Equal Pay Act of 1963, Executive Order 11246, the Rehabilitation Act of 1973, the Uniformed
Services Employment and Reemployment Rights Act of 1994, the Worker Adjustment and Retraining
Notification Act, the Age Discrimination in Employment Act, the Older Workers Benefit Protection
Act, the Fair Labor Standards Act, all as amended, any regulations under such authorities, or any
other applicable constitutional, statutory,

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contract, tort, or common law theories, except that ANDERSON does not hereby release Company from
its obligations under this Agreement, its contribution and indemnification obligations whether
arising under this Agreement or otherwise, or from any coverage under any policy of insurance
providing indemnity and related costs for the benefit of ANDERSON.

          It is understood and agreed that the acts done and evidenced hereby and the release granted
hereunder is not an admission of liability on the part of ANDERSON or Company, by whom liability
has been and is expressly denied.

	4.	 	CONSIDERATION.

          After receipt of this Severance Agreement properly and fully endorsed by ANDERSON, and the
expiration of the seven- (7-) day revocation period provided by the Older Workers Benefit
Protection Act without ANDERSON’s revocation, Company shall commence payment to ANDERSON of the
total sum of Four-Hundred Ninety-Five Thousand Eighty-Six and No/100 Dollars ($495,086.00) (all
less proper withholding), paid in regular bi-weekly installments according to Company’s payroll
schedule (hereinafter “Settlement Consideration”). Payment will be made in the form of ANDERSON’S
base salary from Company starting on Company’s first administratively feasible payday after
expiration of the revocation period described above and continuing until the aggregate amount of
the gross payments equals $495,086.00. Company will report such payments as taxable income to
ANDERSON when payable to him or on his behalf unless subject to a directive from an applicable
taxing authority to do otherwise.

          ANDERSON also has the option to use the Pathways Outplacement program for executives (a six
month program). This outplacement benefit is available to ANDERSON through April 30, 2009. If
ANDERSON elects to continue health benefits, COLUMBIA will pay its portion of the coverage
currently in place for sixteen (16) months commencing May 1,

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2008. However, if ANDERSON accepts paid employment with or agrees to provide services to another
company within one hundred twenty (120) days of his Termination Date from COLUMBIA, severance
payments will cease and any remaining severance pay will be forfeited, and, in such case,
COLUMBIA’s paid portion of the COBRA benefits will cease at the end of the month in which ANDERSON
accepts new paid employment or agrees to provide services to another company. ANDERSON has the
duty to notify COLUMBIA within 120 days of termination date, should he accept paid employment with
or agree to provide services to another company. After this period, no notification is required.

	5.	 	NONDISPARAGEMENT.

          ANDERSON agrees that he will not disparage or make false or adverse statements about Company.
In the event that Company becomes aware of any actions or statements that are attributed to
ANDERSON that Company believes are disparaging, false or adverse to Company, Company may consider
this Agreement breached and may take actions consistent therewith, including recoupment of sums
paid to ANDERSON hereunder. COLUMBIA agrees that its officers and directors will not disparage or
make false or adverse statements about Anderson. In the event that ANDERSON becomes aware of any
actions or statements that are attributed to COLUMBIA’s officers or directors that ANDERSON
believes are disparaging, false or adverse to ANDERSON, ANDERSON may consider this Agreement
breached and may take actions consistent therewith.

	6.	 	CONFIDENTIAL, PROPRIETARY AND TRADE SECRET INFORMATION.

          ANDERSON acknowledges the continuing duty not to use or disclose confidential, proprietary or
trade secret information learned while an employee of Company or its

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predecessors, including the terms of this Agreement. Should ANDERSON, his attorney or agents be
requested in any judicial, administrative, or other proceeding to disclose any confidential,
proprietary or trade secret information that ANDERSON learned while an employee of Company or its
predecessors, ANDERSON shall promptly notify Company of such request.

	7.	 	COVENANTS.

	 	7.1	 	ANDERSON’s COVENANT NOT TO PROSECUTE OR MAINTAIN ANY ACTION OR PROCEEDING
AGAINST COMPANY.

          In exchange for the Settlement Consideration, ANDERSON agrees not to prosecute or hereafter
maintain or institute any action at law, suit or proceeding in equity, administrative or any
proceeding of any kind or nature whatsoever against Company for any reason related in any way to
any claim released herein. ANDERSON further agrees that he will not raise any claim against
Company by way of defense, counterclaim or cross-claim or in any other manner, on any alleged
claim, demand, liability or cause of action released herein. At the time of his execution of this
Agreement, ANDERSON represents that there are no claims, complaints or charges pending against
Company in which ANDERSON is a party or complainant. Further, ANDERSON acknowledges and agrees he
has no unasserted workers’ compensation claims through the date of his execution of this Agreement.

	 	7.2	 	COVENANT TO RETURN ALL COMPANY PROPERTY.

          ANDERSON and Company acknowledge that ANDERSON has returned to the Company all property of
Company including credit cards, keys, card keys, computers, documents, cell phone, palm pilot,
equipment, supplies, and any other property belonging to Company. COLUMBIA and ANDERSON have
agreed that he may keep his laptop computer. ANDERSON further agrees that he has no undisclosed
personal charges or unauthorized

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business charges on the credit cards to be returned or otherwise and agrees to reimburse Company if
he is mistaken.

	 	7.3	 	COOPERATION IN DEFENSE OF COMPANY; CONSULTATION.

          During the period of time ANDERSON is receiving Settlement Consideration payments as defined
in Section 4 herein, ANDERSON agrees now and in the future that he will assist Company to the best
of his ability in the defense of any claim brought against Company of which ANDERSON has any
personal knowledge. Company agrees it will reimburse ANDERSON reasonable out-of-pocket expenses in
providing such assistance. In addition, ANDERSON agrees to provide specific operations information
to Company as requested in a reasonable, timely and clear manner, to allow Company to continue
and/or complete job tasks, activities, assignments, to continue effective relationships with
business partners, and to respond to inquiries as needed by telephone at no additional cost to
Company beyond what is provided by this Agreement.

	8.	 	ARBITRATION OF CERTAIN DISPUTES; CLAIMS FOR IRREPARABLE HARM; VENUE.

          Except as provided below, ANDERSON and Company agree that should any dispute arise between the
parties whether or not arising out of this Agreement, the issue shall be submitted to arbitration
in Portland, Oregon, before one arbitrator pursuant to the then current employment rules of the
American Arbitration Association. Unless otherwise required by applicable law, each party shall
pay its own costs and attorneys’ fees. Notwithstanding the above, in the event either party wishes
to obtain equitable relief for violations of paragraphs 5, 6 or 7 including, without limitation,
specific performance, immediate issuance of a temporary restraining order or preliminary injunction
enforcing this Agreement, it may bring a claim for such relief in arbitration or in an action in an
applicable court in Portland, Oregon.

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	9.	 	SCOPE OF AGREEMENT.

          The provisions of this Agreement shall be deemed to obligate, extend to, and inure to the
benefit of the Company’s affiliates, successors, predecessors, assigns, directors, officers, and
employees and each party’s insurers, transferees, grantees, legatees, agents and heirs, including
those who may assume any and all of the above-described capacities subsequent to the execution and
effective date of this Agreement.

	10.	 	OPPORTUNITY FOR ADVICE OF COUNSEL.

          ANDERSON acknowledges that he has been encouraged by Company to seek advice of counsel with
respect to this Agreement and has had the opportunity to do so.

	11.	 	SEVERABILITY.

          Every provision of this Agreement is intended to be severable. In the event any term or
provision of this Agreement is declared to be illegal or invalid for any reason whatsoever by an
arbitrator or a court of competent jurisdiction or by final and unappealed order of an
administrative agency of competent jurisdiction, such illegality or invalidity should not affect
the balance of the terms and provisions of this Agreement, which terms and provisions shall remain
binding and enforceable.

	12.	 	NO WAIVER.

          Failure of either party to enforce any term of this Agreement shall not constitute a waiver of
the party’s right to enforce that term or any other term of this Agreement.

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	13.	 	COSTS AND ATTORNEY’S FEES.

          The parties each agree to bear their own costs and attorneys’ fees which have been or may be
incurred in connection with any matter herein or in connection with the negotiation and
consummation of this Agreement or any action to enforce the provisions of this Agreement.

	14.	 	GOVERNING LAW.

          The rights and obligations of the parties under this Agreement shall in all respects be
governed by the laws of the United States and the State of Oregon.

	15.	 	PAYMENT: REVOCATION.

          ANDERSON acknowledges that the Agreement provides severance pay and benefits which Company
would otherwise not be obligated to provide.

          As provided by the Older Workers Protection Act, ANDERSON is entitled to have twenty-one (21)
days to consider this Agreement. For a period of seven (7) days from execution of this Agreement,
ANDERSON may revoke this Agreement. Upon receipt of ANDERSON’s signed Agreement and the expiration
of the seven (7) day revocation period without ANDERSON’s revocation, payment by Company as
provided herein will be forwarded by mail in a timely manner in accordance with Company’s regular
bi-weekly payroll schedule.

	16.	 	ENTIRE AGREEMENT: MODIFICATION.

          This Agreement contains the entire agreement and understanding among the parties with respect
to ANDERSON’s separation. This Agreement supersedes and replaces all other prior negotiations and
proposed agreements, written or oral as to ANDERSON’s separation. ANDERSON and Company acknowledge
that no other party, agent or attorney of any other party, has made any promise, representation, or
warranty, express or implied, not contained in this Agreement concerning the subject matter of this
Agreement or to induce this Agreement,

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and ANDERSON and Company acknowledge that they have not executed this Agreement in reliance upon
any such promise, representation, or warranty not contained in this Agreement.

          No modification or waiver of any of the provisions or any future representation, promise or
addition shall be binding upon the parties unless made in writing and signed by the parties.

	 	 	 	 	 	 	 
	Name:

	 	/s/ Patrick D. Anderson
 

     Patrick D. Anderson
	 	 
	 	Dated: May 19, 2008
	 
	 	 	 	 	 	 
	COLUMBIA SPORTSWEAR COMPANY	 	 	 	 
	 
	 	 	 	 	 	 
	By:

	 	/s/ Susan Popp
	 	 	 	Dated: May 19, 2008
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Its:

	 	VP Human Resources	 	 	 	 
	 

	 	 	 	 	 	 

9exv10w13

Exhibit 10.13

HCM ACQUISITION COMPANY

AMENDED AND RESTATED

SECURITIES PURCHASE AGREEMENT

     THIS AMENDED AND RESTATED SECURITIES PURCHASE AGREEMENT (this “Amended and Restated
Agreement”) dated as of May 22, 2008 is entered into by and among HCM Acquisition Company, a
Delaware corporation (the “Company”) and each of the purchasers listed on Exhibit A
attached hereto (each individually, a “Purchaser” and collectively, the “Purchasers”).

     WHEREAS, the Company and HCM Acquisition Holdings, LLC (the “Initial Purchaser”) are parties
to that certain Founder’s Securities Purchase Agreement dated as of October 4, 2007 (the “Initial
Purchase Agreement”), pursuant to which the Company sold and issued and the Initial Purchaser
purchased 7,187,500 founders’ units (the “Initial Founders’ Units”), each consisting of one share
of the Company’s common stock, par value $0.001 per share (the “Common Stock”), and one warrant to
purchase one share of Common Stock at an exercise price of $7.50 per share (the “Initial Founder
Units” ), for an aggregate purchase price of $25,000;

     WHEREAS, the Initial Purchaser and each of the other Purchasers (such other Purchasers, the
“Subsequent Purchasers”) are parties to that certain Securities Purchase Agreement dated as of
November 15, 2007 (the “Subsequent Securities Purchase Agreement”, and together with the Initial
Purchase Agreement the “Purchase Agreements”), pursuant to which the Initial Purchaser sold to the
Subsequent Purchasers and the Subsequent Purchasers purchased from the Initial Purchaser certain of
the Initial Founders’ Units in the respective amounts set forth opposite each Purchaser’s name on
Exhibit A hereto under the heading “Aggregate Purchase Price for Units Purchased Pursuant
to the Purchase Agreements”;

     WHEREAS, pursuant to the Initial Purchase Agreement, and concurrent with the closing of the
Initial Public Offering (as defined below), the Initial Purchaser was obligated to purchase and the
Company was obligated to issue and sell 5,000,000 private placement warrants (the “Initial Private
Placement Warrants”), each to purchase one share of Common Stock at an exercise price of $7.50 per
share, for an aggregate purchase price of $5,000,000 (the “Private Placement Warrant Obligation”);

     WHEREAS, the Company intends to file an amended registration statement (the “Registration
Statement”) for the initial public offering of units (the “Initial Public Offering”), each unit
consisting of .8 of a share of Common Stock and one subunit, which subunit consists of .2 of a
share of Common Stock and one warrant to purchase one share of Common Stock at an exercise price of
$7.50 per share; and

     WHEREAS, the Company and the Purchasers desire to enter into this Amended and Restated
Agreement and thereby amend in its entirety each of the Purchase Agreements in order to (x)
effectuate the exchange by the Purchasers of their Initial Founders’ Units for an equal number of
new founders’ units (the “New Founders’
Units”), each consisting of .45 of a share of Common Stock
(the “Founders’ Shares”) and one warrant to purchase one share of Common Stock at an exercise price
of $10.00 per share (the “Founders’ Warrants”) and (y) alter the Private Placement Warrant
Obligation, so that in lieu of such obligation the Initial Purchaser shall be obligated to purchase
and the Company shall be obligated to issue and sell, subject to the terms of this Amended and
Restated Agreement, 500,000 private placement units (the “Private Placement Units”), each
consisting of .8 of a share of Common Stock (the “.8 Private Placement Shares”) and one subunit (the
“Private Placement Subunits”), which consists
of .2 of a share of Common Stock (the “.2 Private Placement
Shares”, and together with the .8 Private Placement Shares the
“Private Placement Shares”) and one warrant to
purchase one share of Common Stock at an exercise price of $7.50 per share (the “Private Placement
Warrants”) for an aggregate purchase price of

 

 

$5,000,000 (the “Private Placement Units Purchase Price”), simultaneously with the
consummation of the Initial Public Offering.

     NOW THEREFORE, in consideration of the mutual promises contained in this Amended and Restated
Agreement and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties to this Amended and Restated Agreement hereby agree as follows:

Section 1. Authorization, Purchase and Sale; Terms of the Securities.

     A. Authorization of the Securities. The Company has duly authorized:

          (i) the issuance of the New Founders’ Units to the Purchasers in exchange for the Initial
Founders’ Units and the issuance of the underlying Founders’ Shares and Founders’ Warrants as well
as the shares of Common Stock underlying each of the Founders’ Warrants (collectively the
“Founders’ Securities”); and

          (ii) the issuance and sale of the Private Placement Units to the Initial Purchaser and the
issuance of the underlying Private Placement Subunits, Private Placement Shares and Private
Placement Warrants and the shares of Common Stock underlying the Private Placement Warrants
(collectively, the “Private Placement Securities” and together with the Founders’ Securities, the
“Securities”).

     B. Exchange of Initial Founders’ Units for New Founders’ Units and the Purchase and Sale
of the Private Placement Units. Concurrently with the execution and delivery of this Amended
and Restated Agreement, in the case of the New Founders’ Units, and concurrently with the closing
of the Initial Public Offering, in the case of the Private Placement Units, or as each such date
may be extended from time to time by mutual agreement of the parties (in each case, the “Closing
Date”):

          (i) the Company shall issue one New Founders’ Unit to the Purchasers in exchange for each of
the Initial Founders’ Units and the Purchasers shall exchange each Initial Founders’ Units for one
New Founders’ Unit in accordance with Schedule 1 hereto; and

          (ii) the Company shall issue and sell to the Initial Purchaser and the Initial Purchaser shall
purchase from the Company the Private Placement Units for the Private Placement Units Purchase
Price.

     On the applicable Closing Date, the Company shall deliver certificates evidencing the New
Founders’ Units, Founders’ Shares and Founders’ Warrants, or the Private Placement Units, Private
Placement Shares, Private Placement Subunits and Private Placement Warrants, as the case may be, to
be exchanged for or purchased by the Purchasers hereunder, in each case registered in each such
Purchaser’s name, upon, as the case may be, the surrender of a certificate representing the Initial
Founders’ Units or payment by such Purchasers of the Private Placement Units Purchase Price by wire
transfer of immediately available funds (as applicable, or by such other means as the Company and
the Purchasers shall agree) to the Company in accordance with the Company’s wiring instructions.
The parties hereto agree and acknowledge that the exchange of the Initial Founders’ Units for the
Founders Units contemplated hereby is an exchange described in Sections 368(a)(1)(E) and/or 1036 of
the Internal Revenue Code of 1986, as amended, and no party shall file any tax return or take any
other position inconsistent with the foregoing.

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     C. Terms of the New Founders’ Units, Private Placement Units, Private Placement Subunits,
Founders’ Shares, Private Placement Shares, Founders’ Warrants and Private Placement Warrants.

          (i)
New Founders’ Units: Each New Founders’ Unit shall consist of one Founders’ Share
and one Founders’ Warrant and shall have the terms set forth in the Unit Certificate attached as
Exhibit B hereto.

          (ii) Private Placement Units: Each Private Placement Unit shall consist of one
Private Placement Share and one Private Placement Subunit and shall have the terms set forth in
the Unit Certificate attached as Exhibit C hereto.

          (iii) Private Placement Subunits: Each Private Placement Subunit shall consist of .2
of a share of Common Stock and one Private Placement Warrant and shall have the terms set forth
in the Unit Certificate attached as Exhibit D hereto.

          (iv) Founders’ Shares: The Founders’ Shares shall have the terms set forth in the
Certificate of Incorporation of the Company and the Founders’ Share Certificate attached as
Exhibit E hereto. Without limiting the foregoing, the
Purchasers hereby expressly agree that (i) in connection with the
stockholder vote required to approve a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or other
similar business combination with one or more businesses or assets
(an “Initial Business Combination”),
the Purchasers agree to vote the Founders’ Shares in accordance with a majority of the shares of
Common Stock voted by holders of shares of Common Stock issued in the Initial Public Offering and
(ii) the Purchasers agree to waive any right to participate in any liquidation distribution to
the extent set forth in Section 3.D of this Amended and Restated Agreement.

          (v) Private Placement Shares: The Private Placement Shares shall have the terms set
forth in the Certificate of Incorporation of the Company and the Private Placement Share
Certificate attached as Exhibit F hereto. Without limiting the foregoing, the Initial
Purchaser hereby expressly agrees that (i) in connection with the stockholder vote required to
approve an Initial Business Combination the Initial Purchaser agrees to vote the Private Placement Shares in
accordance with a majority of the shares of Common Stock voted by holders of shares of Common
Stock issued in the Initial Public Offering and (ii) the Initial Purchaser agrees to waive any
right to participate in any liquidation distribution to the extent set forth in Section 3.D of
this Amended and Restated Agreement.

          (vi) Founders’ Warrants: The Founders’ Warrants shall have the terms set forth in
the Warrant Agreement set forth as Exhibit G hereto.

          (vii) Private Placement Warrants: The Private Placement Warrants shall have the
terms set forth in the Warrant Agreement set forth as Exhibit G hereto, as such terms may
be amended prior to the applicable Closing Date with the consent of
the Initial Purchaser, which consent
shall be evidenced by the purchase of the Private Placement Units on the applicable Closing Date.

          (viii) Transfer Restrictions: In addition to the restrictions on transfer set forth
in Section 9 hereof, the Purchasers shall not sell or transfer the New Founders’ Units, Founders’
Shares, Founders’ Warrants or the shares of
Common Stock underlying the Founders’ Warrants for a period of one
year from the date the Company consummates its Initial Business Combination except to (a) the Company’s
officers, directors or employees or other persons or entities associated or affiliated with
Highland Capital Management, L.P. and its affiliates, (b) a member of the Purchaser’s immediate
family or a trust, the beneficiary of which is a member of the Purchaser’s immediate family, an
affiliate of the Purchaser or a charitable organization, (c) a
transferee  by virtue of the laws of descent and
distribution upon death of the Purchaser, (d) with respect to
the Initial Purchaser, a transferee by virtue of the laws
of the state of Delaware or the Initial Purchaser’s organizational documents upon dissolution of the
Initial Purchaser, or (e) a transferee pursuant to a qualified domestic relations order (each, a “Permitted
Transferee”), in each case, provided that the transferree agrees in writing with the

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Company to be subject to such transfer restrictions, to vote the Founders’ Shares as
provided in (iv) above; waive any right to participate in any liquidation distribution as
provided in (iv) above and agrees to the adjustment of the New Founders’ Units as provided in (x)
below. During this period, the Purchasers and their Permitted Transferees shall retain all other
rights of holders of shares of Common Stock, including, without limitation, the right to vote
their shares (except as described above with respect to an Initial Business Combination) and the right to
receive cash dividends, if declared. If dividends are declared and payable in shares, such
dividends will also be subject to the restrictions contained in this Section 1.C.(viii). In
addition to the restrictions on transfer set forth in Section 9 hereof, the Initial Purchaser
shall not sell or transfer the Private Placement Units, the Private Placement Shares, the Private
Placement Subunits, the Private Placement Warrants or the shares of Common Stock underlying the Private Placement Warrants until after the date the
Company consummates its Initial Business Combination except to a
Permitted Transferee, provided that the transferee agrees in writing
with the Company to be subject to such transfer restrictions, to vote
the Private Placement Shares as provided in (v) above and to waive any
right to participate in any liquidation distribution as provided in
(v) above. The Initial Purchaser acknowledges that the Private Placement Units, the Private Placement
Shares, the Private Placement Subunits, the Private Placement Warrants and the shares of Common Stock
underlying the Private Placement Warrants are subject to
the restrictions on transfer set forth in the Warrant Agreement. The .2 of a share of Common
Stock and the Private Placement Warrant comprising each Private Placement Subunit will not be separable until the
open of trading on the first trading day after the Company
consummates its Initial Business Combination.
On the open of trading on the first trading day after the Company
consummates its Initial Business
Combination, each Private Placement Subunit will automatically separate into .2 of a share of
Common Stock and one Private Placement Warrant. Consequently, at such time each Private Placement
Unit will consist of one Private Placement Share and one Private Placement Warrant.

          (ix) Registration Rights: In connection with the closing of the Initial Public
Offering, the Company and the Purchasers shall enter into an agreement (the “Registration Rights
Agreement”) granting the Purchasers registration rights with respect to the Securities.

          (x) Adjustment of New Founders’ Units:

               (a) If the underwriters with respect to the Initial Public Offering do not exercise the
over-allotment option proposed to be granted to them by the Company, the Purchasers and any
Permitted Transferees agree to forfeit to the Company for no consideration a number of New
Founders’ Units necessary to represent 20% of the sum of the number of units sold in the Initial
Public Offering and the number of New Founders’ Units outstanding after the consummation of the
Initial Public Offering and the expiration or exercise of the over-allotment option. The Purchasers
and any Permitted Transferees agree to take any and all action reasonably requested by the Company
necessary to effect any adjustment pursuant to this paragraph (x)(a). The Company will not make any
cash or other payment to the Purchasers or any Permitted Transferees in respect of any such
adjustment.

               (b) If the number of units offered to the public in connection with the Initial Public
Offering is increased or decreased, the Purchasers and any Permitted Transferees agree with the
Company and the Company hereby agrees with the Purchasers and any Permitted Transferees that the
New Founders’ Units (including the New Founders’ Units subject to forfeiture) will be adjusted in
the same proportion as the increase or decrease of the units offered to the public. The Purchasers
and any Permitted Transferees agree to take any and all action reasonably requested by the Company
necessary to effect any adjustment pursuant to this paragraph (x)(b); provided that the Company
will not make or receive any cash or other payment to or from the Purchasers or any Permitted
Transferees in respect of any such adjustment.

               (c) If more than 20%, but less than 40% of the shares underlying the units sold in the Initial
Public Offering are converted by the public stockholders in connection with the

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Initial Business Combination, each Purchaser will forfeit a percentage of its New Founders’ Units
equal to the percentage of the shares underlying the units sold in the Initial Public Offering in
excess of 20% that are converted by the public stockholders (e.g., if 30% of the shares underlying
the units sold in the Initial Public Offering are converted, the Purchaser will forfeit 10% of
his New Founders’ Units).

               (d) The Purchasers acknowledge and agree that any additional units it may hold pursuant to
(x)(a) and (x)(b) above (A) shall be subject to the voting, waiver of liquidation, transfer
restrictions and adjustment provisions set forth in this Amended and Restated Agreement, and (B)
shall bear the legend set forth in Section 9.A(i) below.

Section 2. Representations and Warranties of the Company.

     As a material inducement to the Purchasers to enter into this Amended and Restated Agreement
and exchange their Initial Founders’ Units for the New Founders’ Units and to purchase the Private
Placement Units, the Company hereby represents and warrants to the Purchasers as of the date hereof
and the applicable Closing Date that:

     A. Organization and Corporate Power. The Company is a corporation duly organized,
validly existing and in good standing under the laws of the State of Delaware and is qualified to
do business in every jurisdiction in which the failure to so qualify would reasonably be expected
to have a material adverse effect on the financial condition, operating results or assets of the
Company. The Company possesses all requisite corporate power and authority necessary to carry out
the transactions contemplated by this Amended and Restated Agreement and the Warrant Agreement.

     B. Authorization; No Breach.

          (i) The execution and delivery of this Amended and Restated Agreement, the Warrant Agreement,
the Founders’ Warrants and the Private Placement Warrants and performance of this Amended and
Restated Agreement and the Warrant Agreement have been duly authorized by the Company as of the
applicable Closing Date. This Amended and Restated Agreement constitutes the valid and binding
obligation of the Company, enforceable against it in accordance with its terms. The Warrant
Agreement, and upon issuance in accordance with, and payment pursuant to, the terms of the Warrant
Agreement and this Amended and Restated Agreement, the Founders’ Warrants and the Private Placement
Warrants, constitute valid and binding obligations of the Company, enforceable against it in
accordance with their respective terms as of the applicable Closing Date.

          (ii) The execution and delivery by the Company of this Amended and Restated Agreement, the
Warrant Agreement and the exchange of the Initial Founders’ Units for the New Founders’ Units and
the sale and issuance of each of the Securities and the fulfillment of and compliance with the
respective terms hereof and thereof by the Company, do not and will not as of the applicable
Closing Date (i) conflict with or result in a breach of the terms, conditions or provisions of,
(ii) constitute a default under, (iii) result in the creation of any lien, security interest,
charge or encumbrance upon the Company’s capital stock or assets, (iv) result in a violation of, or
(v) require any authorization, consent, approval, exemption or other action by or notice or
declaration to, or filing with, any court or administrative or governmental body or agency pursuant
to the Certificate of Incorporation of the Company or the bylaws of the Company, or any material
law, statute, rule or regulation to which the Company is subject, or any agreement, order, judgment
or decree to which the Company is subject, except for any filings required after the date hereof
under federal or state securities laws.

     C. Title to Securities. Upon issuance in accordance with, and any applicable payment
pursuant to, the terms hereof and the Warrant Agreement, as the case may be, each of the Securities
will be duly

5

 

and validly issued, fully paid and nonassessable. Upon issuance in accordance with, and any
applicable payment pursuant to, the terms hereof and the Warrant Agreement, as the case may be, the
Purchasers will have or receive good title to the Securities, free and clear of all liens, claims
and encumbrances of any kind, other than (a) transfer restrictions hereunder and under the other
agreements contemplated hereby, (b) transfer restrictions under federal and state securities laws,
and (c) liens, claims or encumbrances imposed due to the actions of the Purchasers.

     D. Governmental Consents. No permit, consent, approval or authorization of, or
declaration to or filing with, any governmental authority is required in connection with the
execution, delivery and performance by the Company of this Amended and Restated Agreement or the
Warrant Agreement, or the consummation by the Company of any other transactions contemplated
hereby.

Section 3. Representations and Warranties of the Purchasers.

     As a material inducement to the Company to enter into this Amended and Restated Agreement and
exchange the Purchasers’ Initial Founders’ Units for the New Founders’ Units and issue and sell the
Private Placement Units, the Purchasers hereby individually represent and warrant to the Company as
of the date hereof and the applicable Closing Date that:

     A. Capacity and State Law Compliance. The Purchasers have engaged in the transactions
contemplated by this Amended and Restated Agreement within a state in which the offer and sale of
the Securities is permitted under applicable securities laws. The Purchasers understand and
acknowledge that the purchase of Shares upon the exercise of the Private Placement Warrants and the
Founders’ Warrants will require the availability of an exemption from registration under federal
and/or state securities laws and that any sale of such Shares shall require registration or the
availability of an exemption from registration under federal and/or state securities laws.

     B. Authorization; No Breach.

          (i) The
execution and delivery of this Amended and Restated Agreement, the
Warrant Agreement, the Founders’ Warrants and the Private
Placement Warrants and performance of this Amended and Restated
Agreement and the Warrant Agreement have been duly authorized by the
Initial Purchaser as of the applicable Closing Date. This Amended and Restated Agreement constitutes a valid and binding obligation of each of
the Purchasers, enforceable against it or him in accordance with its terms.

          (ii) The execution and delivery by the Purchasers of this Amended and Restated Agreement and
the fulfillment of and compliance with the respective terms hereof by each Purchaser does not and
shall not as of the applicable Closing Date conflict with or result in a breach of the terms,
conditions or provisions of the certificate of formation or limited liability company agreement of
any Purchaser, or any other agreement, instrument, order, judgment or decree to which any Purchaser
is subject.

     C. Investment Representations.

          (i) Each Purchaser is acquiring the Securities for its own account, for investment only and
not with a view towards, or for resale in connection with, any public sale or distribution thereof.

          (ii) Each Purchaser is an “accredited investor” as such term is defined in Rule 501(a)(3) of
Regulation D.

          (iii) Each Purchaser understands that the Securities are being offered and will be exchanged
with or sold to it in reliance on specific exemptions from the registration requirements of the
United States federal and state securities laws and that the Company is relying upon the truth and
accuracy of, and the Purchaser’s compliance with, the representations and warranties of such
Purchaser

6

 

set forth herein in order to determine the availability of such exemptions and the eligibility
of such Purchaser to acquire such Securities.

          (iv) None of the Purchasers decided to enter into this Amended and Restated Agreement as a
result of any general solicitation or general advertising within the meaning of Rule 502(c) under
the Securities Act of 1933, as amended (the “Securities Act”).

          (v) Each Purchaser has been furnished with all materials relating to the business, finances
and operations of the Company and materials relating to the exchange or offer and sale of the
Securities which have been requested by such Purchaser. Each Purchaser has been afforded the
opportunity to ask questions of the executive officers and directors of the Company. Each
Purchaser understands that its investment in the Securities involves a high degree of risk. Each
Purchaser has sought such accounting, legal and tax advice as such Purchaser has considered
necessary to make an informed investment decision with respect to such Purchaser’s acquisition of
the Securities.

          (vi) Each Purchaser understands that no United States federal or state agency or any other
government or governmental agency has passed on or made any recommendation or endorsement of the
Securities or the fairness or suitability of the investment in the Securities by such Purchaser nor
have such authorities passed upon or endorsed the merits of the offering of the Securities.

          (vii) Each Purchaser understands that: (a) the Securities have not been and are not being
registered under the Securities Act or any state securities laws, and may not be offered for sale,
sold, assigned or transferred unless (A) subsequently registered thereunder or (B) sold in reliance
on an exemption therefrom; and (b) except as specifically set forth in the Registration Rights
Agreement, neither the Company nor any other person is under any obligation to register the
Securities under the Securities Act or any state securities laws or to comply with the terms and
conditions of any exemption thereunder. In this regard, each Purchaser understands that the
Securities and Exchange Commission has taken the position that promoters or affiliates of a blank
check company and their transferees, both before and after a business combination, are deemed to be
“underwriters” under the Securities Act when reselling the securities of a blank check company.
Recently adopted amendments to Rule 144 expand this position by prohibiting the use of Rule 144 for
resale of securities used by any shell companies (other than business combination related shell
companies) or any issuer that has been at any time previously a shell
company. The amendments to Rule 144 provide exception to this prohibition if certain conditions
are met. Based on that position, Rule 144 would be available for
resale transactions of New Founders’ Units, Founders’
Shares,
Private Placement Units, Private Placement Subunits and Private
Placement Shares without
registration one year after the completion of the Initial Business Combination. Each Purchaser is able to
bear the economic risk of its investment in the Securities for an indefinite period of time.

          (viii) Each Purchaser has such knowledge and expertise in financial and business matters,
knows of the high degree of risk associated with investments generally and particularly investments
in the securities of companies in the development stage such as the Company, is capable of
evaluating the merits and risks of an investment in the Securities and is able to bear the economic
risk of an investment in the Securities in the amount contemplated hereunder. Each Purchaser has
adequate means of providing for its current financial needs and contingencies and will have no
current or anticipated future needs for liquidity which would be jeopardized by the investment in
the Securities. Each Purchaser can afford a complete loss of its investment in the Securities.

     D. Waiver of Right to Amounts in the Trust Account and Indemnification.

          (i) Each Purchaser hereby waives any and all right, title, interest or claim of any kind in or
to any distribution of the trust account established by the Company for the deposit of proceeds
from the Initial Public Offering and the sale of the Private Placement Units, as a result of any
liquidation

7

 

of the trust account, with respect to the Founders’ Shares and Private Placement Shares
(“Claim”) and hereby waives any Claim it may have in the future as a result of, or arising out of,
any contracts or agreements with the Company and will not seek recourse against the trust account
for any reason whatsoever except for any amounts to which it may be entitled upon liquidation of
the Company in respect of such Purchaser’s ownership of Common Stock
other than the Founders’ Shares and
Private Placement Shares.

          (ii) Each Purchaser acknowledges and agrees that the stockholders of the Company, including
those who purchase the units in the Initial Public Offering, are and shall be third-party
beneficiaries of the foregoing provisions of Section 3.D. of this Amended and Restated Agreement.

          (iii) Each Purchaser agrees that to the extent any waiver of rights under this Section 3.D. is
ineffective as a matter of law, such Purchaser has offered such waiver for the benefit of the
Company as an equitable right that shall survive any statutory disqualification or bar that applies
to a legal right. Each Purchaser acknowledges the receipt and sufficiency of consideration
received from the Company hereunder in this regard.

Section 4. Conditions of the Purchasers’ Obligations.

     The obligation of the Purchasers to exchange their Initial Founders’ Units for the New
Founders’ Units and to purchase and pay for the Private Placement Units is subject to the
fulfillment, on or before the applicable Closing Date, of each of the following conditions:

     A. Representations and Warranties. The representations and warranties of the Company
contained in Section 2, shall be true and correct at and as of the applicable Closing Date as
though then made.

     B. Performance. The Company shall have performed and complied with all agreements,
obligations and conditions contained in this Amended and Restated Agreement that are required to be
performed or complied with by it on or before the applicable Closing Date.

     C. No Injunction. No litigation, statute, rule, regulation, executive order, decree,
ruling or injunction shall have been enacted, entered, promulgated or endorsed by or in any court
or governmental authority of competent jurisdiction or any self-regulatory organization having
authority over the matters contemplated hereby, which prohibits the consummation of any of the
transactions contemplated by this Amended and Restated Agreement or the Warrant Agreement.

Section 5. Conditions of the Company’s Obligations.

     The obligations of the Company to the Purchasers under this Amended and Restated Agreement are
subject to the fulfillment, on or before the applicable Closing Date, of each of the following
conditions:

     A. Representations and Warranties. The representations and warranties of the
Purchasers contained in Section 3 shall be true and correct at and as of the applicable Closing
Date as though then made.

     B. Performance. Each Purchaser shall have performed and complied with all agreements,
obligations and conditions contained in this Amended and Restated Agreement that are required to be
performed or complied with by it on or before the applicable Closing Date.

8

 

     C. Corporate Consents. The Company shall have obtained the consent of its Board of
Directors authorizing the execution, delivery and performance of this Amended and Restated
Agreement and the Warrant Agreement and the issuance and sale of the New Founders’ Units and the
Private Placement Units.

     D. No Injunction. No litigation, statute, rule, regulation, executive order, decree,
ruling or injunction shall have been enacted, entered, promulgated or endorsed by or in any court
or governmental authority of competent jurisdiction or any self-regulatory organization having
authority over the matters contemplated hereby, which prohibits the consummation of any of the
transactions contemplated by this Amended and Restated Agreement or the Warrant Agreement.

Section 6. Termination.

     This Amended and Restated Agreement may be terminated at any time prior to the applicable
Closing Date as it relates only to the Securities to be exchanged or purchased pursuant to this
Amended and Restated Agreement on and after such Closing Date upon the unanimous written consent of
the Company and the Purchasers.

Section 7. Survival of Representations and Warranties.

     All of the representations and warranties contained herein shall survive the applicable
Closing Date.

Section 8. Definitions.

     Terms used but not otherwise defined in this Amended and Restated Agreement shall have the
meaning assigned such terms in the Registration Statement.

Section 9. Miscellaneous.

     A. Legends; Transfer Restrictions.

          (i) Legends. The certificates evidencing the New Founders’ Units and the Founders’
Shares will include the legend set forth on Exhibits B and E hereto, respectively,
which the Purchasers have read and understand. The certificate evidencing the Private Placement
Subunit will include the legend set forth on Exhibit D hereto. The certificates evidencing
the Private Placement Units and the Private Placement Shares will include the legend set forth on
Exhibits C and F respectively. The Founders’ Warrants, the Private Placement
Warrants and Common Stock issued upon exercise of the Private Placement Warrants and the Founders’
Warrants (as defined in the Warrant Agreement) will include the legend set forth in Exhibits
G to the Warrant Agreement in the case of the Warrants and in the Warrant Agreement in the case
of the Common Stock, which the Purchasers have read and understand.

          (ii) Transfer Restrictions. By accepting the Securities, the Purchasers agree, prior
to any transfer of the Securities, to give written notice to the Company expressing its desire to
effect such transfer and describing briefly the proposed transfer. Upon receiving such notice, the
Company shall present copies thereof to its counsel and the Purchasers agree not to make any
disposition of all or any portion of the Securities unless and until:

               (a) there is then in effect a registration statement under the Securities Act covering such
proposed disposition and such disposition is made in accordance with such registration

9

 

statement, in which case the legends set forth above with respect to the Securities sold
pursuant to such registration statement shall be removed; or

               (b) if reasonably requested by the Company, (A) the Purchasers shall furnish the Company with
an opinion of counsel, reasonably satisfactory to the Company, that such disposition will not
require registration of such Securities under the Securities Act, (B) the Company shall have
received customary representations and warranties regarding the transferee that are reasonably
satisfactory to the Company signed by the proposed transferee and (C) the Company shall have
received an agreement by such transferee to the restrictions contained in the legends referred to
in (i) hereof.

     Notwithstanding the foregoing, the Purchasers also understand and acknowledge that the
transfer of the New Founders’ Units, Founders’ Shares, Founders’ Warrants, the Private Placement
Units, Private Placement Shares, Private Placement Subunits, Private Placement Warrants and the
exercise of the Founders’ Warrants and the Private Placement Warrants are subject to the specific
conditions to such transfer or exercise as outlined herein and the Warrant Agreement as to which
the Purchasers specifically assent by their execution hereof.

          (iii) Stop Transfer Notations. The Company may, from time to time, make stop transfer
notations in its records and deliver stop transfer instructions to its transfer agent to the extent
its counsel considers it necessary to ensure compliance with federal and state securities laws and
the transfer restrictions contained elsewhere in this Amended and Restated Agreement and the
Warrant Agreement.

     B. Entire Agreement. This Amended and Restated Agreement and the Exhibits referred to
herein and the documents delivered pursuant hereto contain the entire understanding of the parties
hereto with regard to the subject matter contained herein or therein, and supersede all prior
agreements, understandings between or among any of the parties hereto, including but not limited to
each of the Purchase Agreements each of which are hereby terminated.

     C. Successors and Assigns. Except as otherwise expressly provided herein, all
covenants and agreements contained in this Amended and Restated Agreement by or on behalf of any of
the parties hereto shall bind and inure to the benefit of the respective successors of the parties
hereto whether so expressed or not. Notwithstanding the foregoing or anything to the contrary
herein, the parties may not assign this Amended and Restated Agreement.

     D. Severability. Whenever possible, each provision of this Amended and Restated
Agreement shall be interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Amended and Restated Agreement is held to be prohibited by or invalid
under applicable law, such provision shall be ineffective only to the extent of such prohibition or
invalidity, without invalidating the remainder of this Amended and Restated Agreement.

     E. Counterparts. This Amended and Restated Agreement may be executed simultaneously
in two or more counterparts, none of which need contain the signatures of more than one party, but
all such counterparts taken together shall constitute one and the same agreement.

     F. Descriptive Headings; Interpretation. The descriptive headings of this Amended and
Restated Agreement are inserted for convenience only and do not constitute a substantive part of
this Amended and Restated Agreement. The use of the word “including” in this Amended and Restated
Agreement shall be by way of example rather than by limitation.

     G. Governing Law. This Amended and Restated Agreement shall be deemed to be a
contract made under the laws of the State of New York and for all purposes shall be construed in
accordance with

10

 

the internal laws of said State. Each of the parties hereto also irrevocably waives all right
to trial by jury in any action, proceeding or counterclaim arising out of this Amended and Restated
Agreement or the transactions contemplated hereby.

     H. Notices. All notices, demands or other communications to be given or delivered
under or by reason of the provisions of this Amended and Restated Agreement shall be in writing and
shall be deemed to have been given when delivered personally to the recipient, sent to the
recipient by reputable overnight courier service (charges prepaid) or mailed to the recipient by
certified or registered mail, return receipt requested and postage prepaid. Such notices, demands
and other communications shall be sent:

	 	 	 
	If to the Company:

	 	HCM Acquisition Company
	 

	 	NexBank Tower
	 

	 	13455 Noel Road, Suite 800
	 

	 	Dallas, TX 75240
	 

	 	Fax No.: (972) 628-4147
	 
	 	 
	If to the Initial Purchaser:

	 	HCM Acquisition Holdings LLC
	 

	 	NexBank Tower
	 

	 	13455 Noel Road, Suite 800
	 

	 	Dallas, TX 75240
	 

	 	Fax No.: (972) 628-4147
	 
	 	 
	With a copy (not constituting notice)
to:

	 	Ann Chamberlain
	 

	 	Bingham McCutchen LLP
	 

	 	399 Park Avenue
	 

	 	New York, NY 10022
	 

	 	Fax No.: (212) 752-5378
	 
	 	 
	If to any other Purchaser:

	 	To the address set forth below such
	 

	 	Purchaser’s name on the signature
	 

	 	pages hereto.

or to such other address or to the attention of such other person as the recipient party has
specified by prior written notice to the sending party.

     I. No Strict Construction. The parties hereto have participated jointly in the
negotiation and drafting of this Amended and Restated Agreement. In the event an ambiguity or
question of intent or interpretation arises, this Amended and Restated Agreement shall be construed
as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise
favoring or disfavoring any party by virtue of the authorship of any of the provisions of this
Amended and Restated Agreement.

[SIGNATURE PAGE FOLLOWS]

11

 

     IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated Securities
Purchase Agreement as of the date first written above.

	 	 	 	 	 
	 	COMPANY:

HCM ACQUISITION COMPANY

 	 
	 	By  	/s/
Joseph Dougherty	 
	 	Name:  	 	 
	 	Title:  	 	 
	 
	 	PURCHASERS:
	 
	 
	 	HCM ACQUISITION HOLDINGS, LLC
	 
	 	By:  	Highland Capital Management, L.P.,
 	 
	 	 	its sole member
By: Strand Advisors, Inc., its general partner 	 
	 	 	 	 
	 
	 	 	 
	 	By:  	
/s/ James Dondero	 
	 	Name:  	 	 
	 	Title:  	 	 
	 
	 	 	 
	 	By:  	
/s/ Timothy K. Hui	 
	 	Timothy K. Hui 	 
	 	Address: 	 
	 
	 	 	 
	 	By:  	
/s/ Scott F. Kavanaugh	 
	 	Scott F. Kavanaugh 	 
	 	Address: 	 
	 
	 	 	 
	 	By:  	
/s/ James F. Leary	 
	 	James F. Leary 	 
	 	Address: 	 
	 
	 	 	 
	 	By:  	
/s/ Bryan A. Ward	 
	 	Bryan A. Ward 	 
	 	Address: 	 
	 

[Signature Page to Amended and Restated Securities Purchase Agreement]

 

 

Exhibit A 

SCHEDULE OF PURCHASERS

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Aggregate Purchase	 	Units Exchanged
	 	 	 	 	 	 	Price for Units	 	Pursuant to
	 	 	Units Purchased	 	Purchased Pursuant	 	Amended and
	 	 	Pursuant to the	 	to the Purchase	 	Restated
	Purchaser	 	Purchase Agreements	 	Agreements	 	Agreement
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	HCM Acquisition
Holdings, LLC*
	 	 	7,153,000	1	 	$	24,880.00	2	 	 	7,153,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Timothy K. Hui
	 	 	8,625	 	 	$	30.00	 	 	 	8,625	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Scott F. Kavanaugh
	 	 	8,625	 	 	$	30.00	 	 	 	8,625	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	James F. Leary
	 	 	8,625	 	 	$	30.00	 	 	 	8,625	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Bryan A. Ward
	 	 	8,625	 	 	$	30.00	 	 	 	8,625	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Total
	 	 	7,187,500	 	 	$	25,000.00	 	 	 	7,187,500	 

 

			
	*	 	Initial Purchaser
	 
	1	 	The figure shown takes into account the 34,500 shares
in the aggregate that the Initial Purchaser sold to the other Purchasers
pursuant to the Subsequent Securities Purchase Agreement.
	 
	2	 	Purchase price reflects amount paid by Initial
Purchaser less amount received from Purchasers pursuant to Subsequent
Securities Purchase Agreement.

 

 

Exhibit B

SPECIMEN OF NEW FOUNDERS’ UNIT CERTIFICATE

 

 

Exhibit C

SPECIMEN OF PRIVATE PLACEMENT UNIT CERTIFICATE

 

 

Exhibit D

SPECIMEN OF PRIVATE PLACEMENT SUBUNIT CERTIFICATE

 

 

Exhibit E

SPECIMEN OF FOUNDERS’ COMMON STOCK CERTIFICATE

 

 

Exhibit F 

SPECIMEN OF PRIVATE PLACEMENT COMMON STOCK CERTIFICATE

 

 

Exhibit G

WARRANT AGREEMENT

(Attached hereto)

 

 

Schedule 1

Exchange of Initial Founders’ Units for New Founders’ Units

	 	 	 	 	 	 	 	 	 
	 	 	Initial Founders’	 	New Founders’
	Purchaser	 	Units1	 	Units2
	 
	 	 	 	 	 	 	 	 
	HCM Acquisition Holdings, LLC
	 	 	7,153,000	 	 	 	7,153,000	 
	 
	 	 	 	 	 	 	 	 
	Timothy K. Hui
	 	 	8,625	 	 	 	8,625	 
	 
	 	 	 	 	 	 	 	 
	Scott F. Kavanaugh
	 	 	8,625	 	 	 	8,625	 
	 
	 	 	 	 	 	 	 	 
	James F. Leary
	 	 	8,625	 	 	 	8,625	 
	 
	 	 	 	 	 	 	 	 
	Bryan A. Ward
	 	 	8,625	 	 	 	8,625	 
	 
	 	 	 	 	 	 	 	 
	Total
	 	 	7,187,500	 	 	 	7,187,500	 

 

			
	1	 	Consists of one share of Common Stock and one warrant
to purchase one share of Common Stock at an exercise price of $7.50 per share.
	 
	2	 	Consists of .45 of a share of Common Stock and one
warrant to purchase one share of Common Stock at an exercise price of $10.00.

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