Document:

Exhibit 10.8

GLOBAL ENTERTAINMENT & MEDIA HOLDINGS CORPORATION

FORM OF PRIVATE PLACEMENT WARRANT SUBSCRIPTION AGREEMENT 

     THIS PRIVATE PLACEMENT WARRANT
SUBSCRIPTION AGREEMENT (this “Agreement”)
is made as of the __ day of _____, 2008, by and
between Global Entertainment & Media Holdings Corporation, a Delaware corporation
(the “Company”),
and _____________  (“Purchaser”). 

     WHEREAS, the Company desires to commit to issue and sell, and Purchaser desires to commit to purchase and acquire, Private Placement Warrants (as defined herein) on the terms and conditions
hereinafter set forth; 

     NOW, THEREFORE, for and in consideration of the promises and mutual covenants set forth herein, it is agreed between the parties as follows: 

     1. Commitment
To Purchase Private Placement Warrants. Subject
to and immediately prior to the completion of the Company’s initial public
 offering (the “IPO”),
 Purchaser hereby agrees to subscribe for and purchase from the Company, and
 the Company hereby agrees to issue and sell to Purchaser, ________
warrants (each an “Private Placement Warrant”)
at a purchase price of $1.00 per Private Placement Warrant for an
aggregate purchase price of $________
 (the “Purchase Price”). Each Private Placement Warrant shall entitle the holder thereof to purchase one share of the common stock
of the Company, par value $0.0001 per share (the “Common Stock”) at an exercise price of $7.50, in accordance with the terms set forth in the certificate evidencing the
Private Placement Warrants, substantially in the form attached hereto as Exhibit A, and shall be subject to the terms of the Warrant Agreement, to be entered into by and between the Company and [Transfer Agent], as warrant agent, upon execution
thereof. The closing of the purchase and sale of the Private Placement Warrants hereunder, including payment for and delivery of the Private Placement Warrants, shall occur at the offices of the Company or the Company’s legal counsel
immediately prior to the completion of the IPO. 

     2. Payment
of Purchase Price. The purchase price for the Private
Placement Warrants shall be tendered in full at the closing by one or more  combination
of the following means: (a) wire transfer of immediately available United States
funds to an account for the benefit of the Company, pursuant to wire instructions
provided by the Company in advance or (b) by delivery
of a cashiers check to the Company of immediately available United States funds.

     3. Acceptance or Rejection of
Agreement. The Private Placement Warrants subscribed
for herein will not be deemed issued to or owned by Purchaser until a copy of
this Agreement has been executed by the Company and Purchaser and a closing with
respect to such Private Placement Warrants has occurred. In  the event that a
closing does not take place for any reason with respect to some or all of the
Private Placement Warrants, all cash proceeds delivered by Purchaser in accordance
herewith with respect to such Private Placement Warrants shall be  returned to
Purchaser as soon as practicable, without interest, offset or deduction. 

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     4. Limitations on Transfer. Purchaser shall not assign, hypothecate, donate, encumber or otherwise dispose of any interest in the Private
Placement Warrants (and the shares of Common Stock issued upon exercise thereof) during the respective “Escrow Period” (as such term is defined in a securities escrow agreement, substantially in the form attached hereto as Exhibit B, the
“Securities Escrow Agreement”), except (i) as otherwise permitted by the Securities Escrow Agreement, (ii) in compliance with applicable securities laws and (iii) in compliance
with the Warrant Agreement. 

     5. Representations of Purchaser. In connection with the purchase of the Private Placement Warrants, Purchaser represents to the Company as
follows: 

     (a) Purchaser has been furnished with all materials relating to the Company’s business affairs and financial condition and materials related to the offer and sale of the Private Placement
Warrants that have been requested by Purchaser and has acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire the Private Placement Warrants. Purchaser has been afforded the opportunity to ask
questions of the executive officers and directors of the Company. Purchaser understands that his investment in the Private Placement Warrants involves a high degree of risk. Purchaser has sought such accounting, legal and tax advice as Purchaser has
considered necessary to make an informed investment decision with respect to Purchaser’s acquisition of the Private Placement Warrants. 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 Private Placement Warrants,
and is able to bear the economic risk of an investment in the Private Placement Warrants in the amount contemplated hereunder. Purchaser can afford a complete loss of his investment in the Private Placement Warrants. Purchaser is purchasing the
Private Placement Warrants for investment for Purchaser’s own account only and not with a view to, or for resale in connection with, any “distribution” thereof within the meaning of the Securities Act of 1933, as amended (the
“Securities Act”). Purchaser understands that the Company is a blank check development stage company recently formed for the purpose of consummating an initial Business Combination
(as such term is defined in the Amended and Restated Certificate of Incorporation of the Company, as the same may be amended from time to time) and understands that there is no assurance as to the future performance of the Company and that the
Company may never effectuate a Business Combination. 

     (b) Purchaser understands that the Private Placement Warrants (and the shares of Common Stock issuable upon exercise thereof) have not been registered under the Securities Act or any state securities
law by reason of a specific exemption therefrom, and that the Company is relying on the truth and accuracy of, and Purchaser’s compliance with, the representations and warranties and agreements of Purchaser set forth herein to determine the
availability of such exemptions and the eligibility of Purchaser to acquire such Private Placement Warrants, including, but not limited to, the bona fide nature of Purchaser’s investment intent as expressed herein. 

     (c) Purchaser further acknowledges and understands that the Private Placement Warrants (and the shares of Common Stock issuable upon exercise thereof) must be held 

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indefinitely, subject to any expiration, unless the Private Placement Warrants (and the shares of Common Stock issuable upon exercise thereof) are subsequently registered under the Securities Act and a related prospectus is
available for use or an exemption from such registration is available. Purchaser understands that the certificates evidencing the Private Placement Warrants (and the shares of Common Stock issuable upon exercise thereof) will be imprinted with a
legend which prohibits the transfer of the Private Placement Warrants (and the shares of Common Stock issuable upon exercise thereof) unless the Private Placement Warrants (and the shares of Common Stock issuable upon exercise thereof) are
registered or such registration is not required in the opinion of counsel for the Company. 

     (d) Purchaser is familiar with the provisions of Rule 144 under the Securities Act, as in effect from time to time (“Rule 144”),
which, in substance, permit limited public resale of “restricted securities” acquired, directly or indirectly, from the issuer thereof (or from an affiliate of such issuer), in a non-public offering subject to the satisfaction of certain
conditions. Unless the Company registers the Private Placement Warrants (and the shares of Common Stock issuable upon exercisable thereof) under the Securities Act, the Private Placement Warrants (and the shares of Common Stock issuable upon the
exercise thereof) may be resold by Purchaser only in certain limited circumstances subject to the provisions of Rule 144, which requires, among other things: (i) the availability of certain public information about the Company and (ii) the resale
occurring following the required holding period under Rule 144 after Purchaser has purchased, and made full payment of (within the meaning of Rule 144), the securities to be sold. 

     (e) Purchaser further understands that at the time Purchaser wishes to sell the Private Placement Warrants there may be no public market upon which to make such a sale, and that, even if such a public
market then exists, the Company may not be satisfying the current public information requirements of Rule 144, and that, in such event, Purchaser would be precluded from selling the Private Placement Warrants (and the shares of Common Stock issuable
upon exercise thereof) under Rule 144 even if the minimum holding period requirement had been satisfied. Notwithstanding Sections 6(d) and (e) hereof, Purchaser understands that he may be considered a promoter of the Company and understands that it
is the position of the Securities and Exchange Commission (the “SEC”) that promoters or affiliates of a blank check company and their transferees, both before and after a Business
Combination, would act as an “underwriter” under the Securities Act when reselling the securities of a blank check company. Accordingly, the SEC believes that those securities can be resold only through a registered offering and that Rule
144 would not be available for those resale transactions despite technical compliance with the requirements of Rule 144. 

     (f) Purchaser represents that Purchaser is an “accredited investor” as that term is defined in Rule 501 of Regulation D promulgated by the SEC under the Securities Act. 

     (g) Purchaser has all necessary power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. All action necessary to be taken by Purchaser to authorize the
execution, delivery and performance of this Agreement and all other agreements and instruments delivered by Purchaser in connection with the transactions contemplated hereby has been duly and validly taken, and this Agreement has been duly executed
and delivered by Purchaser. Subject to the terms and conditions of this Agreement, this Agreement constitutes the valid, binding and enforceable obligation of Purchaser, enforceable in 

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accordance with its terms, except as enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or similar laws of general application now or hereafter in effect
affecting the rights and remedies of creditors and by general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity); and (ii) the applicability of the federal and state securities laws and public
policy as to the enforceability of the indemnification provisions of this Agreement. The purchase by Purchaser of the Private Placement Warrants does not conflict with the organizational documents of Purchaser or with any material contract by which
Purchaser or his property is bound, or any laws or regulations or decree, ruling or judgment of any court applicable to Purchaser or his property. The principal place of business of Purchaser is as set forth on the signature page hereto. 

     (h) Purchaser did not decide to enter into this Agreement as a result of any general solicitation or general advertising within the meaning of Rule 502(c) of the Securities Act. 

     (i) 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 Private Placement
Warrants or the fairness or suitability of the investment in the Private Placement Warrants, nor have such authorities passed upon or endorsed the merits of the offering of the Private Placement Warrants. 

     6. Representations and Warranties of the Company. The Company hereby represents and warrants to Purchaser that the Company is a corporation
duly incorporated, validly existing and in good standing under the laws of the State of Delaware and the Company has all necessary corporate power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. All
corporate action necessary to be taken by the Company to authorize the execution, delivery and performance of this Agreement and all other agreements and instruments delivered by the Company in connection with the transactions contemplated hereby
has been duly and validly taken and this Agreement has been duly executed and delivered by the Company. Subject to the terms and conditions of this Agreement, this Agreement constitutes the valid, binding and enforceable obligation of the Company,
enforceable in accordance with its terms, except as enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or similar laws of general application now or hereafter in effect affecting
the rights and remedies of creditors and by general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity); and (ii) the applicability of the federal and state securities laws and public policy as to
the enforceability of the indemnification provisions of this Agreement. The sale by the Company of the Private Placement Warrants does not conflict with the Amended and Restated Certificate of Incorporation or by-laws of the Company or any material
contract by which the Company or its property is bound, or any federal or state laws or regulations or decree, ruling or judgment of any United States or state court applicable to the Company or its property. Upon issuance in accordance with, and
payment pursuant to, the terms hereof, Purchaser will have good title to the Private Placement Warrants (and the shares of Common Stock issuable upon the exercise thereof) free and clear of all liens, claims and encumbrances of any kind, other than
the restrictions set forth in Section 4 hereof. 

     7. Indemnification. Purchaser hereby agrees to indemnify and hold harmless the Company and the Company’s officers, directors,
stockholders, employees, agents, and attorneys 

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against any and all losses, claims, demands, liabilities and expenses (including reasonable legal or other expenses incurred by each such person in connection with defending or investigating any such claims or liabilities, whether
or not resulting in any liability to such person or whether incurred by the indemnified party in any action or proceeding between the indemnitor and indemnified party or between the indemnified party and any third party) to which any such
indemnified party may become subject, insofar as such losses, claims, demands, liabilities and expenses (a) arise out of or are based upon any untrue statement or alleged untrue statement of a material fact made by Purchaser and contained herein, or
(b) arise out of or are based upon any breach by Purchaser of any representation, warranty or agreement made by Purchaser contained herein. 

     8. Miscellaneous. 

     (a) Notices. All notices required or permitted hereunder shall be in writing and shall be deemed effectively given: (i) upon personal delivery to the party to be notified, (ii) when sent by confirmed facsimile if sent during normal business hours of the recipient, and if not during normal business hours of the
recipient, then on the next business day, (iii) five calendar days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (iv) one business day after deposit with a nationally recognized overnight
courier, specifying next day delivery, with written verification of receipt. All communications shall be sent to the other party hereto at such party’s address hereinafter set forth on the signature page hereof, or at such other address as such
party may designate by ten days advance written notice to the other party hereto. 

     (b) Successors and Assigns. This Agreement shall inure to the benefit of the successors and assigns of the Company and, subject to the
restrictions on transfer herein set forth, shall be binding upon Purchaser and Purchaser’s successors and assigns. 

     (c) Attorneys’ Fees; Specific Performance. Purchaser shall reimburse the Company for all costs incurred by the Company in enforcing the
performance of, or protecting its rights under, any part of this Agreement, including reasonable costs of investigation and attorneys’ fees. 

     (d) Governing Law; Venue. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware without
regard to the principles of conflicts of law thereof. The parties agree that any action brought by either party to interpret or enforce any provision of this Agreement shall be brought in, and each party agrees to, and does hereby, submit to the
jurisdiction and venue of, the appropriate state or federal court for the district encompassing the Company’s principal place of business. 

     (e) Further Execution. The parties agree to take all such further action(s) as may reasonably be necessary to carry out and consummate this
Agreement as soon as practicable, and to take whatever steps may be necessary to obtain any governmental approval in connection with or otherwise qualify the issuance of the securities that are the subject of this Agreement. 

     (f) Independent Counsel. Purchaser acknowledges that this Agreement has been prepared on behalf of the Company by Hughes Hubbard & Reed
LLP, counsel to the Company, 

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and that Hughes Hubbard & Reed LLP does not represent, and is not acting on behalf of, Purchaser. Purchaser has been provided with an opportunity to consult with Purchaser’s own counsel with respect to this Agreement.

     (g) Entire Agreement; Amendment. This Agreement constitutes the entire agreement between the parties with respect to the subject matter
hereof and supersedes and merges all prior agreements or understandings, whether written or oral. This Agreement may not be amended, modified or revoked, in whole or in part, except by an agreement in writing signed by each of the parties hereto.

     (h) Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to
renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of the
Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of the Agreement shall be enforceable in accordance with its terms. 

     (i) Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which
together shall constitute one instrument. This Agreement or any counterpart may be executed via facsimile or electronic mail transmission, and any such executed facsimile or electronic mail copy shall be treated as an original. 

     (j) Survival. The representations and warranties contained herein will survive the delivery of, and the payment for, the Private Placement
Warrants. 

     (k) Waiver of Jury Trial. Each party hereto hereby irrevocably and unconditionally waives the right to a trial by jury in any action, suit,
counterclaim or other proceeding (whether based on contract, tort or otherwise) arising out of, connected with or relating to this Agreement, the transactions contemplated hereby, or the actions of Purchaser in the negotiation, administration,
performance or enforcement hereof. 

     (l) Waiver of Claims Against the Trust Fund. The undersigned hereby waives any and all right, title, interest or claim of any kind
(“Claim”) to participate in any liquidating distribution of the trust account established under that certain Investment Management Trust Agreement, dated as of l, 2008 between the Company and l (the “Trust Fund”) as part of the
Company’s plan of distribution with respect to any shares of Common Stock owned by the undersigned prior to the completion of the IPO, provided that the foregoing shall not apply to any IPO Shares or any shares of Common Stock acquired in the
secondary market by the undersigned. The undersigned will not seek recourse against the Trust Fund for any reason whatsoever, including any tort claims. The undersigned hereby agrees that the Company shall be entitled to reimbursement from the
undersigned for any distribution of the Trust Fund received by the undersigned to which the undersigned was not entitled under this Agreement. 

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. 

				
	 	
    COMPANY:		 
	 	 	 	 
	 	
    GLOBAL ENTERTAINMENT & MEDIA		 
	 	
    HOLDINGS CORPORATION		 
	 	 	 		 
	 	By:	 	 
	 	 	Name:		 
	 	 	Title:		 
	 	 	 	 
	 	 	
PURCHASER:		 
	 	 	 	 
	 	 	 	 
	 	 	[Name]Exhibit 10.9

FORM OF INVESTMENT MANAGEMENT TRUST AGREEMENT 

     This Agreement is made as of l, 2008, by and between Global Entertainment & Media Holdings Corporation, a Delaware corporation whose
principal office is located at 1325 Avenue of the Americas, New York, New York 10019 (the “Company”), and l located at
l, New York, New York l (the “Trustee”). 

     WHEREAS, the Company’s Registration Statement on Form S-1, as amended, File No. 333-149168 (the “Registration
Statement”), for its initial public offering (the “IPO”) of units (the “Units”), each consisting of one share of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), and one warrant (the
“Warrants”) to purchase one share of Common Stock, has been declared effective as of the date hereof (the “Effective Date”) by the Securities and Exchange Commission; 

     WHEREAS, Merrill Lynch, Pierce, Fenner & Smith Incorporated is acting as the representative of the underwriters in the IPO; 

     WHEREAS, the Company has agreed to sell certain of its securities to its existing stockholders in a private placement to be effected immediately prior to the
completion of the IPO (the “Private Placement”); 

     WHEREAS, as described in the Registration Statement, and in accordance with the Amended and Restated Certificate of Incorporation of the Company, $147,915,470 of
the gross proceeds of the IPO and the sale of securities in the Private Placement ($169,627,970 if the underwriters’ over-allotment option is exercised in full) will be delivered to the Trustee to be deposited and held in a Trust Account
(defined below) for the benefit of the Company and the public stockholders of the Common Stock issued in the IPO. The amount to be delivered to the Trustee will be referred to herein as the “Property”; the stockholders for whose benefit the Trustee shall hold the Property will be referred to as the “Public Stockholders,” and the Public Stockholders and the
Company will be referred to together as the “Beneficiaries”; 

     WHEREAS, the Property is being held by the Trustee for the benefit of the Public Stockholders in the event that the Company fails to consummate a Business Combination
(as such term is defined in the Amended and Restated Certificate of Incorporation of the Company); and 

     WHEREAS, pursuant to the Underwriting Agreement, dated as of l, 2008, by and between the Company and the
underwriters, a portion of the Property equal to $5,250,000 (or $6,037,500 if the underwriters’ over-allotment option is exercised in full) is attributable to the underwriters’ discounts and commissions, which the underwriters have
agreed to deposit in the Trust Account and which will be paid from the Trust Account to the underwriters upon the consummation of a Business Combination; and 

     WHEREAS, the Company and the Trustee desire to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall hold the Property;

IT IS AGREED: 

1.   Agreements and Covenants of Trustee. The Trustee hereby agrees and covenants to: 

     (a)       Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in segregated trust accounts
(“Trust Account”) established by the Trustee at a branch of l and at a brokerage institution selected by the Trustee;

     (b)       Manage, supervise and administer the Trust Account subject to the terms and conditions set forth herein; 

     (c)       In a timely manner, upon the written instruction of the Company, invest and reinvest the Property in any United States “government
security” within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “1940 Act”), having a maturity of 180 days or less, or in money market
funds selected by the Company meeting the conditions specified in Rule 2a-7 promulgated under the 1940 Act; 

     (d)       Collect and receive, when due, all principal and income arising from the Property, which income, net of taxes, shall become part of the
“Property,” as such term is used herein; 

     (e)       Promptly notify the Company of all communications received by it with respect to the Property; 

     (f)       Promptly supply any information or documents as may be requested by the Company in connection with the Company’s preparation of the
tax returns relating to income from the Property in the Trust Account or otherwise; 

     (g)       Participate in any plan or proceeding for protecting or enforcing any right or interest arising from the Property if, as and when
instructed by the Company to do so; and 

     (h)       Render to the Company and to such other person as the Company may instruct, monthly written statements of the activities of and amounts in
the Trust Account reflecting all receipts and disbursements of the Trust Account. 

2.    Limited Distribution and Release of Property from the Trust Account. 

     (a)       The Trustee shall commence liquidation of the Trust Account only after and as promptly as practicable after receipt of and only in
accordance with the terms of a letter (the “Termination Letter”), in a form substantially similar to that attached hereto as either Exhibit
A or Exhibit B, signed on behalf of the Company by its President or Chairman of the Board, and complete the liquidation of the Trust Account and distribute the
Property in the Trust Account only as directed in the Termination Letter and the other documents referred to therein; provided, however, that in the event that a Termination Letter has not
been received by the date which is 24 months after the date of the final prospectus of the IPO (the “Last Date”), such date to be as set forth in a notice to be delivered to the
Trustee not more than ten business days following the completion of the IPO, or a notice stating that the time of termination has been extended by not more than six months following the Last Date (in which case the date set forth in such notice
shall be deemed to be the Last Date for all subsequent purposes of this Agreement), the Trust Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit
B and distributed to the stockholders of record on the Last Date. 

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     (b)       If there is any income or other tax obligation relating to the income from the Property in the Trust Account as determined by the Company,
then, at the written instruction of the Company, the Trustee shall disburse to the Company by wire transfer or by check, out of the Property in the Trust Account, the amount indicated by the Company as required to pay taxes. To the extent there is
not sufficient cash in the Trust Account to pay any income or other tax obligation relating to the income from the Property in the Trust Account as determined by the Company, the Trustee shall, from time to time at the written instruction of the
Company, promptly liquidate such assets held in the Trust Account as shall be designated by the Company in writing, and disburse to the Company by wire transfer or by check, out of the Property in the Trust Account, the amount indicated by the
Company as owing in respect of such income tax obligation. 

     (c)       Upon written request from the Company in a form substantially similar to that attached hereto as Exhibit
C, the Trustee shall distribute to the Company by wire transfer an amount equal to the income collected on the Property through the day immediately preceding the date of receipt of the Company’s request;
provided, however, that the maximum amount of distributions, net of taxes, that the Company may request and the Trustee shall
distribute pursuant to this Section 2(c) shall be $2,150,000. 

     (d)       No distributions from the Trust Account shall be permitted except in accordance with Sections 2(a), 2(b) and 2(c) above. 

3.   Agreements
and Covenants of the Company. The Company hereby
agrees and covenants to: 

     (a)       Give all instructions to the Trustee hereunder in writing, signed by the Company’s President or Chairman of the Board; 

     (b)       Hold the Trustee harmless and indemnify the Trustee from and against any and all expenses, including reasonable counsel fees and
disbursements, or loss suffered by the Trustee in connection with any action, suit or other proceeding brought against the Trustee involving any claim, or in connection with any claim or demand which in any way arises out of or relates to this
Agreement, the services of the Trustee hereunder, or the Property or any income earned from investment of the Property, except for expenses and losses resulting from the Trustee’s gross negligence or willful misconduct. Promptly after the
receipt by the Trustee of notice of demand or claim or the commencement of any action, suit or proceeding, pursuant to which the Trustee intends to seek indemnification under this paragraph, it shall notify the Company in writing of such claim
(hereinafter referred to as the “Indemnified Claim”); provided, however, that any failure or delay of the Trustee in
giving such notice shall not relieve the Company of any of its obligations hereunder except to the extent the Company is actually prejudiced thereby, but only to the extent of such prejudice. The Trustee shall conduct and manage the defense against
such Indemnified Claim, provided, that the Company may assume the control and defense of any such action, provided further, that
the Trustee shall not settle or compromise any such action without the Company’s consent (which shall not be unreasonably withheld); 

     (c)       Pay the Trustee an initial acceptance fee, an annual fee and a transaction processing fee for each disbursement made pursuant to Section 2
as set forth on Schedule A 

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hereto, which fees shall be subject to modification by the parties from time to time. It is expressly understood that the Property shall not be used to pay such fees and further agreed that said transaction processing fees shall
be deducted by the Trustee from the disbursements made to the Company pursuant to Section 2. The Company shall pay the Trustee the initial acceptance fee and first year’s annual fee at the completion of the IPO and thereafter on the anniversary
of the Effective Date. The Trustee shall refund to the Company the annual fee (on a pro rata basis) with respect to any period after the liquidation of the Trust Account. The Company shall
not be responsible for any other fees or charges of the Trustee except as set forth in this Section 3(c) and as may be provided in Section 3(b) hereof (it being expressly understood that the Property shall not be used to make any payments to the
Trustee under such sections); 

     (d)       In connection with any vote of the Company’s stockholders regarding a Business Combination, provide to the Trustee an affidavit or
certificate of a firm engaged in the business of soliciting proxies and tabulating stockholder votes, verifying the vote of the Company’s stockholders regarding such Business Combination; and 

     (e)       Within ten business days of the closing of the IPO, the Company shall provide the Trustee with a notice setting forth the date of the final
prospectus of the IPO and the Last Date. 

4.    Limitations of Liability. The Trustee shall have no responsibility or liability to: 

     (a)       Take any action with respect to the Property, other than as directed in Sections 1 and 2 hereof, and the Trustee shall have no liability to
any party under this Agreement except for liability arising out of its own gross negligence or willful misconduct; 

     (b)       Institute any proceeding for the collection of any principal and income arising from, or institute, appear in or defend any proceeding of
any kind with respect to, any of the Property unless and until it shall have received written instructions from the Company given as provided herein to do so and the Company shall have advanced or guaranteed to the Trustee funds sufficient to pay
any expenses incident thereto; 

     (c)       Change the investment of any Property, other than in compliance with Section 1(c); 

     (d)       Refund any depreciation in principal of any Property; 

     (e)       Assume that the authority of any person designated by the Company to give instructions hereunder shall not be continuing unless provided
otherwise in such designation, or unless the Company shall have delivered a written revocation of such authority to the Trustee; 

     (f)       The other parties hereto or anyone else for any action taken or omitted by it in compliance with this Agreement, or any action suffered by
it to be taken or omitted in compliance with this Agreement, made in good faith and in the exercise of its best judgment, except for its gross negligence or willful misconduct. The Trustee may rely conclusively and shall be protected in acting upon
any order, instruction, notice, demand, certificate, opinion or advice of counsel (including counsel chosen by the Trustee), 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 

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is believed by the Trustee, in good faith, to be genuine and to be signed or presented by the proper person or persons. The Trustee shall not be bound by any notice or demand, or any waiver, modification, termination or rescission
of this Agreement or any of the terms hereof, unless evidenced by a written instrument delivered to the Trustee signed by the proper party or parties and, if the duties or rights of the Trustee are affected, unless it shall give its prior written
consent thereto; 

     (g)       Verify the correctness of the information set forth in the Registration Statement (other than information provided by the Trustee) or to
confirm or assure that any acquisition made by the Company or any other action taken by it is as contemplated by the Registration Statement; 

     (h)       Verify the correctness of the information set forth in the Registration Statement or to confirm or assure that any acquisition made by the
Company or any other action taken by it is as contemplated by the Registration Statement; 

     (i)       Look to any other agreement for the determination of its duties as Trustee; 

     (j)       Prepare, execute and file tax reports, income or other tax returns and pay any taxes with respect to income and other activities relating
to the Trust Account; and 

     (k)       Verify calculations, qualify or otherwise approve Company requests for distributions pursuant to Section 2 above. 

5.    Termination. This Agreement shall terminate as follows: 

     (a)       If the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company shall use its reasonable
efforts to locate a successor trustee. At such time that the Company notifies the Trustee that a successor trustee has been appointed by the Company and has agreed to become subject to the terms of this Agreement, the Trustee shall transfer the
management of the Trust Account to the successor trustee, including but not limited to the transfer of copies of the reports and statements relating to the Trust Account, whereupon this Agreement shall terminate with respect to the Trustee;
provided, however, that, in the event that the Company does not locate a successor trustee within ninety days of receipt of the
resignation notice from the Trustee, the Trustee may, upon written notice to the Company, submit an application to have the Property deposited with the United States District Court for the Southern District of New York and, upon such deposit, the
Trustee shall be immune from any liability whatsoever that arises due to any actions or omissions to act by any party after such deposit; or 

     (b)       At such time that the Trustee has completed the liquidation of the Trust Account in accordance with the provisions of Section 2(a) hereof,
and distributed the Property in accordance with the provisions of the Termination Letter, this Agreement shall terminate except with respect to Section 3(b). 

5 

6.   Miscellaneous. 

     (a)       The Company and the Trustee each acknowledge that the Trustee will follow the security procedures set forth below with respect to funds
transferred from the Trust Account. Upon receipt of written instructions, the Trustee will confirm such instructions with an authorized individual at an authorized telephone number listed on the attached Exhibit
D. The Company and the Trustee will each restrict access to confidential information relating to such security procedures to authorized persons. Each party must notify the other party immediately if it has reason to
believe unauthorized persons may have obtained access to such information, or of any change in its authorized personnel. 

     (b)       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 regard to principles of conflicts of law thereof.

     (c)       This Agreement may be executed in several counterparts, each one of which shall constitute an original, and together shall constitute one
instrument. This Agreement or any counterpart may be executed via facsimile or other electronic transmission, and any such executed facsimile or other electronic copy shall be treated as an original. 

     (d)       This Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject matter hereof. The parties
hereto may change, waive, amend or modify any provision contained herein only upon the written consent of each of the parties hereto. As to any claim, cross-claim or counterclaim in any way relating to this Agreement, each party waives the right to
trial by jury. 

     (e)       Each party hereto agrees that any action, proceeding or claim against it arising out of or relating in any way to this Agreement shall be
brought and enforced in the courts of the State of New York or the United States District Court for the Southern District of New York, and the parties hereto irrevocably submit to such jurisdictions, which jurisdiction shall be exclusive. The
parties hereto hereby waive any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. 

     (f)       Any notice, consent or request to be given in connection with any of the terms or provisions of this Agreement shall be in writing and
shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or by facsimile transmission: 

     (g)       if
to the Trustee, to: 

                l

                l 

                New
York, NY l 

                Attn: l 

                Fax:
(212) l 

                if to the Company, to: 

6 

                Global Entertainment & Media Holdings Corporation 

                1325 Avenue of the Americas 

                New York, NY 10019 

                Attn: Mark J. Piegza, President and Secretary 

                Fax: l 

                with a copy to: 

                Hughes Hubbard & Reed LLP 

                One Battery Park Plaza 

                New York, NY 10004 

                Attn: Kenneth A. Lefkowitz 

                        Gary
J. Simon 

                Fax: (212) 422-4726 

                if to the underwriters, to: 

                Merrill Lynch, Pierce, Fenner & Smith Incorporated 

                4 World Financial Center 

                250 Vesey Street 

                New York, New York 10080 

                Attn: l 

                Fax: [(212) 933-2217] 

                with a copy to: 

                Sidley Austin LLP 

                787 Seventh Avenue 

                New York, NY 10019 

                Attn: Samir A. Gandhi, Esq.

                        James
O’Connor 

                Fax: (212) 839-5599 

     (h)       This Agreement may not be assigned by the Trustee without the prior consent of the Company. 

     (i)       Each of the Trustee and the Company hereby represents that it has the full right and power and has been duly authorized to enter into this
Agreement and to perform its respective obligations as contemplated hereunder. The Trustee acknowledges and agrees that it shall not make any claims or proceed against, and waives any and all right, title, interest or claim of any kind in or to any
distribution of the Trust Account, including by way of set-off, and shall not be entitled to any funds in, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any claim against, the Trust Account under any
circumstance. 

     (j)       The Trustee hereby consents to the inclusion of l in the Registration Statement and
other materials relating to the IPO. 

7 

     (k)       For so long as the proceeds of the IPO and/or the Private Placement are held in the Trust Account, the underwriters shall be third party
beneficiaries of this Agreement. 

[Remainder of page intentionally left blank] 

8 

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

		
	—, as Trustee   
	 	   
	 	   
	 	   
	By:	 
	 	
Name:   
	 	
Title:   
	 	   
	
Global Entertainment & Media Holdings   
	
Corporation   
	 	   
	 	   
	By:	 
	 	
Name: Mark J. Piegza   
	 	
Title: President and Secretary   

9 

EXHIBIT A 

[LETTERHEAD OF THE COMPANY] 

[INSERT DATE] 

l 

l 

New York, NY l 

Attn: l 

      Re: Trust Account No. l Termination Letter 

Gentlemen: 

     This is to advise you that the Company has entered into an agreement (“Business Agreement”) with l (the “Target Business”) to consummate a business combination with the Target Business (the
“Business Combination”). The Company shall notify you at least 48 hours in advance of the date of the consummation of the Business Combination (the “Consummation Date”). Defined terms used but not otherwise defined herein shall have the meaning ascribed to such terms in the Investment
Management Trust Agreement between Global Entertainment & Media Holdings Corporation (the “Company”) and l (the
“Trustee”), dated as of l, 2008 (the “Trust Agreement”). 

     Pursuant to Section 3(d) of the Trust Agreement, we are providing you with [an affidavit] [a certificate] of l, which verifies the vote of the
Company’s stockholders in connection with the Business Combination. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence liquidation of the Trust Account to the effect that, on the Consummation Date, all of
the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct in writing on the Consummation Date. 

     On the Consummation Date (i) counsel for the Company (the “Company Counsel”) shall deliver to you written notification that the
Business Combination has been consummated and (ii) the Company shall deliver to you written instructions (the “Instruction Letter”) with respect to the transfer of the funds held
in the Trust Account, including, but not limited to, (a) funds to be delivered to any Public Stockholder that has properly exercised its conversion rights (as described in the Registration Statement), (b) pursuant to the terms of the Underwriting
Agreement, dated as of l, 2008, between the Company and Merrill Lynch, Pierce, Fenner & Smith Incorporated, acting as representative of the underwriters, the portion of the Property
attributable to the deferred underwriters’ discounts and commissions and (c) the portion of the Property to be released to the Company in connection with the consummation of a Business Combination. 

     You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of Company Counsel’s notification and the Instruction Letter, in accordance
with the terms of the Instruction Letter. In the event that certain deposits held in the 

Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed
after the Consummation Date to the Company or, with respect to the deferred underwriters’ discounts and commissions, to the underwriters. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust
Agreement shall be terminated. 

     In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a new
Consummation Date, then the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. 

Very truly yours, 

Global Entertainment & Media Holdings Corporation

		
	By:	 
	 	Name: Mark J. Piegza 
	   	
Title: President and Secretary   

EXHIBIT B 

[LETTERHEAD OF THE COMPANY] 

[INSERT DATE] 

l 

l 

New York, NY l 

Attn: l 

      Re: Trust Account No. l—Termination Letter 

Gentlemen: 

     Pursuant to Section 2(a) of the Investment Management Trust Agreement between Global Entertainment & Media Holdings Corporation (the “Company”) and l (the “Trustee”), dated as of l, 2008
(the “Trust Agreement”), this is to advise you that the Company has been dissolved due to the Company’s inability to effect a Business Combination within the time frame
specified in the Company’s Amended and Restated Certificate of Incorporation, as the same may be amended from time to time. Attached hereto is a certified copy of the Certificate of Dissolution as filed with the Delaware Secretary of State.
Defined terms used but not otherwise defined herein shall have the meaning ascribed to such terms in the Trust Agreement. 

     In accordance with the terms of the Trust Agreement, we hereby authorize you to commence liquidation of the Trust Account. You will notify the Company and (the “Designated Paying Agent”) in writing as to when all of the funds in the Trust Account will be available for immediate transfer (the “Transfer Date”). The Designated Paying Agent shall thereafter notify you as to the account or accounts of the Designated Paying Agent that the funds in the Trust Account should be transferred to on the Transfer Date so that the Designated
Paying Agent may commence distribution of such funds in accordance with the Company’s instructions. You shall have no obligation to oversee the Designated Paying Agent’s distribution of the funds. Upon the payment to the Designated Paying
Agent of all the funds in the Trust Account, the Trust Agreement shall terminate in accordance with the terms thereof. 

Very truly yours, 

Global Entertainment & Media Holdings 

Corporation 

		
	By:	 
	 	Name: Mark J. Piegza 
	   	
Title: President and Secretary   

EXHIBIT C 

[LETTERHEAD OF THE COMPANY] 

[INSERT DATE] 

l

l

New York, NY l

Attn: l 

Re:     Trust Account No. l— Distribution of Income on Property 

Gentlemen: 

     Pursuant to Section 2(c) of the Investment Management Trust Agreement between Global Entertainment & Media Holdings Corporation (the “Company”) and l (the “Trustee”), dated as of l, 2008 (the “Trust Agreement”), we are requesting for our working capital purposes that you deliver to us $ l representing income earned on the Property. In accordance with the terms of the Trust Agreement, you are hereby directed and authorized to transfer said amount, less any fees due the Trustee pursuant to Section 3(c) of the Trust Agreement, immediately upon your receipt of this letter to the Company’s operating account at: 

Bank: 

ABA #: 

Account Name: 

Account Number:

Reference: Distribution of Income Earned on Trust Property 

Very truly yours, 

Global Entertainment & Media Holdings 

  Corporation 

		
	By:	 
	 	Name: Mark J. Piegza 
	   	
Title: President and Secretary   

EXHIBIT D 

AUTHORIZED INDIVIDUALS AND TELEPHONE NUMBERS 

AUTHORIZED FOR TELEPHONE CALL BACK 

COMPANY: Global Entertainment & Media Holdings Corporation 

1325 Avenue of the Americas 

New York, NY 10019 

Attn: Mark J. Piegza, President and Secretary 

Telephone: (212) 786-6130 

TRUSTEE:       l 

l 

New York, New York l 

Attn: l 

Telephone: l

SCHEDULE A 

Schedule of fees pursuant to Section 3(c) of Investment Management Trust Agreement 

between Global Entertainment & Media Holdings Corporation and 

l 

			
	Fee Item  	Time and Method of Payment  	Amount  
	Initial acceptance fee  	Initial closing of IPO by wire transfer  	  
	  	  	$  
	  
	  
	Annual fee  	First year, initial closing of IPO by wire transfer;  	  
	  	thereafter on the anniversary of the effective date of  	  
	  	the IPO by wire transfer or check  	$  
	  
	Transaction processing fee for  	Deduction by Trustee from disbursement made to  	  
	disbursements to Company under Sections  	Company under Section2(c)  	  
	2(b) and 2(c)  	  	$  
	  
	Dated:  	Agreed:  	  
	  
	  
	  
	  
	  	Authorized Officer  	  
		
	  
	  	l

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