Document:

Exhibit 10.41

                                 PROMISSORY NOTE

$12,500.00                                                  February 16, 2007
Dallas, Texas

        Media & Entertainment Holdings, Inc. (the "Maker") promises to pay to
the order of Robert C. Clauser, Jr. (the "Payee") the principal sum of TWELVE
THOUSAND FIVE HUNDRED and 00/100 dollars ($12,500.00) in lawful money of the
United States of America on the terms and conditions described below.

1)      PRINCIPAL. The principal balance of this Note shall be repayable on the
earlier of (i) February 16, 2008 or (ii) the date on which Maker consummates an
initial public offering of its securities.

2)      INTEREST. No interest shall accrue on the unpaid principal balance of
this Note.

3)      APPLICATION OF PAYMENTS. All payments shall be applied first to payment
in full of any costs incurred in the collection of any sum due under this Note,
including (without limitation) reasonable attorneys' fees, then to the payment
in full of any late charges and finally to the reduction of the unpaid principal
balance of this Note.

4)      EVENTS OF DEFAULT. The following shall constitute Events of Default:

        a)      Failure to Make Required Payments. Failure by Maker to pay the
        principal of or accrued interest on this Note within five (5) business
        days following the date when due.

        b)      Voluntary Bankruptcy, Etc. The commencement by Maker of a
        voluntary case under the Federal Bankruptcy Code, as now constituted or
        hereafter amended, or any other applicable federal or state bankruptcy,
        insolvency, reorganization, rehabilitation or other similar law, or the
        consent by it to the appointment of or taking possession by a receiver,
        liquidator, assignee, trustee, custodian, sequestrator (or other similar
        official) of Maker or for any substantial part of its property, or the
        making by it of any assignment for the benefit of creditors, or the
        failure of Maker generally to pay its debts as such debts become due, or
        the taking of corporate action by Maker in furtherance of any of the
        foregoing.

        c)      Involuntary Bankruptcy, Etc. The entry of a decree or order for
        relief by a court having jurisdiction in the premises in respect of
        Maker in an involuntary case under the Federal Bankruptcy Code, as now
        or hereafter constituted, or any other applicable federal or state
        bankruptcy, insolvency or other similar law, or appointing a receiver,
        liquidator, assignee, custodian, trustee, sequestrator (or similar
        official) of Maker or for any substantial part of its property, or
        ordering the winding-up or liquidation of the affairs of Maker, and the
        continuance of any such decree or order unstayed and in effect for a
        period of 60 consecutive days.
<PAGE>

5)      REMEDIES.

        a)      Upon the occurrence of an Event of Default specified in Section
        4(a), Payee may, by written notice to Maker, declare this Note to be due
        and payable, whereupon the principal amount of this Note, and all other
        amounts payable thereunder, shall become immediately due and payable
        without presentment, demand, protest or other notice of any kind, all of
        which are hereby expressly waived, anything contained herein or in the
        documents evidencing the same to the contrary notwithstanding.

        b)      Upon the occurrence of an Event of Default specified in Sections
        4(b) and 4(c), the unpaid principal balance of, and all other sums
        payable with regard to, this Note shall automatically and immediately
        become due and payable, in all cases without any action on the part of
        Payee.

6)      WAIVERS. Maker and all endorsers and guarantors of, and sureties for,
this Note waive presentment for payment, demand, notice of dishonor, protest,
and notice of protest with regard to the Note, all errors, defects and
imperfections in any proceedings instituted by Payee under the terms of this
Note, and all benefits that might accrue to Maker by virtue of any present or
future laws exempting any property, real or personal, or any part of the
proceeds arising from any sale of any such property, from attachment, levy or
sale under execution, or providing for any stay of execution, exemption from
civil process, or extension of time for payment; and Maker agrees that any real
estate that may be levied upon pursuant to a judgment obtained by virtue hereof,
on any writ of execution issued hereon, may be sold upon any such writ in whole
or in part in any order desired by Payee.

7)      UNCONDITIONAL LIABILITY. Maker hereby waives all notices in connection
with the delivery, acceptance, performance, default, or enforcement of the
payment of this Note, and agrees that its liability shall be unconditional,
without regard to the liability of any other party, and shall not be affected in
any manner by any indulgence, extension of time, renewal, waiver or modification
granted or consented to by Payee, and consents to any and all extensions of
time, renewals, waivers, or modifications that may be granted by Payee with
respect to the payment or other provisions of this Note, and agrees that
additional makers, endorsers, guarantors, or sureties may become parties hereto
without notice to them or affecting their liability hereunder.

8)      NOTICES. Any notice called for hereunder shall be deemed properly given
if (i) sent by certified mail, return receipt requested, (ii) personally
delivered, (iii) dispatched by any form of private or governmental express mail
or delivery service providing receipted delivery, (iv) sent by telefacsimile or
(v) sent by e-mail, to the following addresses or to such other address as
either party may designate by notice in accordance with this Section:

        If to Maker:

        Media & Entertainment Holdings, Inc.
        4429 Edmondson Avenue
        Dallas, TX 75205
        Attn:  Herbert A. Granath, Chief Executive Officer

                                       2
<PAGE>

        If to Payee:

        Robert C. Clauser, Jr.
        131 Perry Street, No. 6A
        New York, NY 10014

9)      Notice shall be deemed given on the earlier of (i) actual receipt by the
receiving party, (ii) the date shown on a telefacsimile transmission
confirmation, (iii) the date on which an e-mail transmission was received by the
receiving party's on-line access provider (iv) the date reflected on a signed
delivery receipt, or (vi) two (2) Business Days following tender of delivery or
dispatch by express mail or delivery service.

10)     CONSTRUCTION. This Note shall be construed and enforced in accordance
with the domestic, internal law, but not the law of conflict of laws, of the
State of Texas.

11)     SEVERABILITY. Any provision contained in this Note which is prohibited
or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

        IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has
caused this Note to be duly executed by its Chief Operating Officer the day and
year first above written.

                                    MEDIA & ENTERTAINMENT HOLDINGS, INC.

                                    By:    /s/ Harvey M. Seslowsky
                                       ------------------------------
                                    Name:  Harvey M. Seslowsky
                                    Title: Chief Operating Officer

                                       3Exhibit 10.42

                             SUBSCRIPTION AGREEMENT

                                                   As of March 7, 2007

To the Board of Directors of
Media & Entertainment Holdings, Inc.:

Gentlemen:

        The undersigned hereby subscribes for and agrees to purchase 34,375
warrants ("Existing Stockholders' Warrants"), each to purchase one share of
common stock, of Media & Entertainment Holdings, Inc., a Delaware corporation
(the "Corporation"), at $1.00 per Founders' Warrant for an aggregate purchase
price of $34,375 ("Purchase Price"). The purchase and issuance of the Existing
Stockholders' Warrants shall occur simultaneously with the consummation of the
Corporation's initial public offering of securities ("IPO").

        At least 24 hours prior to the effective date of the registration
statement filed in connection with the IPO ("Registration Statement"), the
undersigned shall deliver the Purchase Price to Greenberg Traurig, LLP, as
escrow agent, to hold until the Corporation consummates the IPO. Simultaneously
with the consummation of the IPO, Greenberg Traurig, LLP, as escrow agent, shall
deposit the Purchase Price into the trust fund ("Trust Fund") established by the
Corporation for the benefit of the Corporation's public stockholders as
described in the Corporation's Registration Statement, pursuant to the terms of
an Investment Management Trust Agreement to be entered into between the
Corporation and Continental Stock Transfer & Trust Company. In the event that
the IPO is not consummated, Greenberg Traurig, LLP shall return such amount to
the undersigned, without interest or deduction.

        The undersigned represents and warrants that it has been advised that
the Existing Stockholders' Warrants have not been registered under the
Securities Act; that it is acquiring the Existing Stockholders' Warrants for its
account for investment purposes only; that it has no present intention of
selling or otherwise disposing of the Existing Stockholders' Warrants (or any of
the underlying shares of common stock) in violation of the securities laws of
the United States; that it is an "accredited investor" as defined by Rule 501 of
Regulation D promulgated under the Securities Act of 1933, as amended (the
"Securities Act"); and that it is familiar with the proposed business,
management, financial condition and affairs of the Corporation.

        Moreover, the undersigned agrees that he shall not sell or transfer the
Existing Stockholders' Warrants or any underlying shares of common stock
(collectively, "Insider Securities") until 90 days after the Corporation
consummates a merger, capital stock exchange, asset acquisition or other similar
business combination with an operating business ("Business Combination") and
acknowledges that the certificates for such

<PAGE>

Existing Stockholders' Warrants shall contain a legend indicating such
restriction on transferability. Additionally, the undersigned hereby waives any
Claim the undersigned 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 Fund for any reason whatsoever.

        The Company hereby acknowledges and agrees that, at the time the
warrants issued as part of the units in the IPO become exercisable, the Company
shall allow the undersigned to exercise the Existing Stockholders' Warrants by
surrendering the warrant for that number of shares of common stock equal to the
quotient obtained by dividing (x) the product of the number of shares of common
stock underlying the warrant, multiplied by the difference between the warrant
exercise price and the "Fair Market Value" (defined below) by (y) the Fair
Market Value. The "Fair Market Value" shall mean the average reported last sale
price of the common stock for the 10 trading days ending on the third trading
day prior to the date on which the undersigned delivers notice to the Company of
its intent to exercise the Existing Stockholder's Warrants.

                                        Very truly yours,

                                        /s/ Bruce Maggin
                                        --------------------
                                        Bruce Maggin

Agreed to:

Media & Entertainment Holdings, Inc.

By: /s/ Harvey Seslowsky
    ----------------------
    Name: Harvey Seslowsky
    Title: Chief Operating Officer

Greenberg Traurig, LLP

By: /s/ Alan Annex
    ----------------------
     Name: Alan Annex
     Title: Shareholder

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