Document:

Unassociated Document

    ____________,
      2008

    

    Corporate
      Acquirers, Inc.

    126
      East
      56th
      Street

    New
      York,
      NY 10022

     

    Deutsche
      Bank Securities Inc.

    60
      Wall
      Street

    New
      York,
      NY 10005

    

    Pali
      Capital, Inc.

    650
      Fifth
      Avenue

    New
      York,
      NY 10022

    

    

    Re: Initial
      Public Offering

     

    Ladies
      and Gentlemen:

     

    The
      undersigned stockholder, officer and/or director of Corporate
      Acquirers, Inc.
      (the
“Company”),
      in
      consideration of Deutsche Bank Securities Inc., the representative of the
      underwriters (the “Representative”) and Pali Capital, Inc.
      (“Pali”,
      and
      together with the Representative, the “Underwriters”)
      entering into a letter of intent (the “Letter
      of Intent”)
      to
      underwrite an initial public offering (the “IPO”)
      of the
      securities of the Company and embarking on, undertaking and continuing to
      participate in the IPO process, hereby agrees as follows (certain capitalized
      terms used herein are defined in paragraph 12 hereof):

    

    1.  If
      the
      Company solicits approval of its stockholders of a Business Combination, the
      undersigned will: (i) vote all Insider Shares in accordance with the majority
      of
      the votes cast by the Public Stockholders,
      (ii)
      vote any IPO shares or shares of Common Stock acquired following the IPO in
      favor of the Business Combination and (iii) vote all Insider Shares, IPO Shares
      and all shares of Common Stock acquired following the IPO in favor of an
      amendment to the Company’s Amended and Restated Certificate of Incorporation to
      provide for perpetual existence of the Company in the event the Business
      Combination is approved.

     

    2.  (a)    In
      the
      event that the Company fails to consummate a Business Combination within 24
      months from the effective date (the “Effective
      Date”)
      of the
      Registration Statement (the “Termination
      Date”),
      the
      undersigned shall, in accordance with all applicable requirements of the
      Delaware General Corporation Law, take all action reasonably within his power
      to
      liquidate the Company and distribute all funds held in the Trust Account to
      the
      Public Stockholders as soon as reasonably practicable following the Termination
      Date in the manner and subject to the deductions set forth in the Prospectus.
      In
      addition, from and after the Termination Date, the undersigned will, in
      accordance with the Company’s Amended and Restated Certificate of Incorporation,
      take all action reasonably within his power to limit the Company’s activities to
      winding up its affairs and to dissolving the Company and liquidating the Trust
      Account. 

     

    (b)    Except
      with respect to any of the IPO Shares acquired by the undersigned in connection
      with or following the IPO, the undersigned hereby irrevocably: (i) waives
      any and all right, title, interest, cause of action or claim of any kind (a
      “Claim”)
      in or
      to all funds in the Trust Account and any remaining net assets of the Company
      upon liquidation of the Trust Account and dissolution of the Company;
      (ii) 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, which
      Claim
      would reduce, encumber or otherwise adversely affect the amounts held in the
      Trust Account; and (iii) agrees that the undersigned will not seek recourse
      (legal, equitable or otherwise) against the Trust Account for any reason
      whatsoever. The undersigned hereby agrees that he shall promptly reimburse
      the
      Trust Account for any distribution of amounts in the Trust Account received
      by
      the undersigned in respect of his Shares. For clarity, the undersigned may
      receive distributions from the Trust Account in respect of IPO
      Shares.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    3.  The
      undersigned agrees to indemnify and hold harmless the Company against any and
      all loss, liability, claims, damages and expense whatsoever (including, but
      not
      limited to, any and all legal or other expenses reasonably incurred in
      investigating, preparing or defending against any litigation, whether pending
      or
      threatened, or any claim whatsoever) and judgments to which the Company may
      become subject as a result of any valid claim by any creditor, service provider,
      target business or prospective target business or any vendor or other entity
      that is owed money by the Company for services rendered or products sold to
      the
      Company but only to the extent necessary to ensure that such loss, liability,
      claim damage or judgment does not reduce the amount in the Trust Account below
      $9.83 per IPO Share and only in the event that such creditor, service provider,
      target business or prospective target business, vendor or other entity has
      not
      executed a waiver of its rights to seek payment of amounts due to it out of
      the
      Trust Account. In the event the Company does not consummate a Business
      Combination and must distribute to its Public Stockholders the amount in the
      Trust Account (including any accrued interest) plus any remaining net assets,
      and if such funds are insufficient to complete such liquidation, the undersigned
      agrees to advance such funds necessary to complete such liquidation to the
      extent necessary to ensure the Company has sufficient funds to complete such
      liquidation and agrees not to seek repayment for such expenses. 

     

    4.  The
      undersigned acknowledges and agrees that the Company will not consummate any
      Business Combination involving a company affiliated with any of the Insiders,
      as
      defined below, unless the Company obtains an opinion from an independent
      investment banking firm reasonably acceptable to the Representative that the
      Business Combination is fair to the Company’s stockholders from a financial
      perspective.

     

    5.  Neither
      the undersigned, any member of the family of the undersigned, nor any Affiliate
      of the Undersigned will be entitled to receive and will not accept any
      compensation for services rendered to the Company prior to the consummation
      of
      the Business Combination; provided that the undersigned shall be entitled to
      reimbursement from the Company for his out-of-pocket expenses incurred in
      connection with seeking and consummating a Business Combination.

     

    6.  The
      undersigned agrees that neither the undersigned, any member of the family of
      the
      undersigned, nor any Affiliate of the undersigned will be entitled to
      receive or accept, and the undersigned, on behalf of the undersigned and the
      aforementioned parties, hereby waives any rights to a finder’s fee or any other
      compensation payable by the Company in the event the undersigned, any member
      of
      the family of the undersigned or any Affiliate of the undersigned originates
      a
      Business Combination.

     

    7.  The
      undersigned’s information furnished to the Company and the Representative is
      true and accurate in all material respects, does not omit any material
      information with respect to the undersigned’s background and contains all of the
      information required to be disclosed pursuant to Section 401 of Regulation
      S-K, promulgated under the Securities Act of 1933, as amended.  The
      undersigned’s Questionnaire furnished to the Company and the Representative is
      true and accurate in all respects.  The undersigned further represents and
      warrants to the Company and the Representative that:

     

    (a)  No
      petition under the Federal bankruptcy laws or any state insolvency law has
      been
      filed by or against, or a receiver, fiscal agent or similar officer was
      appointed by a court for the business or property of the undersigned, at or
      within two (2) years prior to the date hereof;

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (b)  The
      undersigned has not been convicted in any criminal proceeding nor is the
      undersigned currently a named subject of a pending criminal proceeding
      (excluding traffic violations and other minor offenses); 

     

    (c)  The
      undersigned has not been the subject of any order, judgment, or decree, not
      subsequently reversed, suspended or vacated, of any court of competent
      jurisdiction, permanently or temporarily enjoining the undersigned from, or
      otherwise limiting, the following activities: 

     

    (i) Acting
      as
      a futures commission merchant, introducing broker, commodity trading advisor,
      commodity pool operator, floor broker, leverage transaction merchant, any other
      person regulated by the Commodity Futures Trading Commission, or an associated
      person of any of the foregoing, or as an investment adviser, underwriter, broker
      or dealer in securities, or as an affiliated person, director or employee of
      any
      investment company, bank, savings and loan association or insurance company,
      or
      engaging in or continuing any conduct or practice in connection with such
      activity; 

     

    (ii) Engaging
      in any type of business practice; or 

     

    (iii) Engaging
      in any activity in connection with the purchase or sale of any security or
      commodity or in connection with any violation of Federal or State securities
      laws or Federal commodities laws; 

     

    (d)  The
      undersigned has not been the subject of any order, judgment or decree, not
      subsequently reversed, suspended or vacated, of any Federal or State authority
      barring, suspending or otherwise limiting for more than sixty (60) days the
      right of the undersigned to engage in any activity described in paragraph (c)(i)
      above, or to be associated with persons engaged in any such activity;

     

    (e)  The
      undersigned has not been found by a court of competent jurisdiction in a civil
      action or by the Securities and Exchange Commission to have violated any Federal
      or State securities law, and the judgment in such civil action or finding by
      the
      Securities and Exchange Commission has not been subsequently reversed,
      suspended, or vacated; and

     

    (f)  The
      undersigned has not been found by a court of competent jurisdiction in a civil
      action or by the Commodity Futures Trading Commission to have violated any
      Federal commodities law, and the judgment in such civil action or finding by
      the
      Commodity Futures Trading Commission has not been subsequently reversed,
      suspended or vacated. 

     

    8.  The
      undersigned will escrow his Insider Shares for the period commencing on the
      Effective Date and
      ending one (1) year following the consummation of a Business Combination, unless
      the Company were to consummate a transaction after the consummation of the
      initial Business Combination that results in all of the stockholders having
      the
      right to exchange their Common Stock for cash, securities or other property,
      in
      each case subject to the terms of the Securities Escrow Agreement, provided,
      however, that transfers may be made to permitted transferees, subject to and
      in
      accordance with such Securities Escrow Agreement.

    

    9.  The
      undersigned has full right and power, without violating any agreement by which
      the undersigned is bound, to enter into this letter agreement.

    

    10.  The
      undersigned authorizes any employer, financial institution, or consumer credit
      reporting agency to release to the Representative and its legal representatives
      or agents (including any investigative search firm retained by the
      Representative) any information they may have about the undersigned’s background
      and finances (the “Information”). 
      Neither the Representative nor its agents shall be violating the undersigned’s
      right of privacy in any manner in requesting and obtaining the Information
      and
      the undersigned hereby releases the Representative from liability for any damage
      whatsoever in that connection.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    11.  The
      undersigned hereby agrees not to propose or vote in favor of, any amendment
      to
      the Company’s Amended and Restated Certificate of Incorporation that requires
      the affirmative vote of at least 95% of the Company’s outstanding Common Stock
      other than in connection with the Business Combination. This paragraph may
      not
      be modified or amended under any circumstances.

     

    12.  As
      used
      herein: (i) “Affiliate”
shall
      mean any entity or person that directly or indirectly controls, is controlled
      by
      or is under common control with, the undersigned; (ii) “Business
      Combination”
shall
      mean an acquisition, by merger, capital stock exchange, asset or stock
      acquisition, reorganization or otherwise and as otherwise described in the
      Registration Statement relating to the IPO, of an operating business selected
      by
      the Company; (iii) “Common
      Stock”
shall
      mean the common stock, par value $.0001 per share, of the Company; (iv)
“Insiders”
shall
      mean all officers, directors and stockholders of the Company immediately prior
      to the IPO; (v) “Insider
      Shares”
shall
      mean all of the shares of Common Stock owned by an Insider, prior to the IPO;
      (vi) “IPO
      Shares”
shall
      mean the shares of Common Stock issued in the Company’s IPO; (vii) “Private
      Placement”
shall
      mean the private placement of 3,000,000 warrants of the Company prior to the
      IPO; (viii) “Prospectus”
shall
      mean the prospectus contained in the Registration Statement; (ix) “Public
      Stockholders”
shall
      mean the holders of the securities issued by the Company in the IPO; (x)
“Private
      Warrants” shall
      mean the 3,000,000 warrants granted to Corporate Acquirers, LLC by the Company;
      (xi) “Registration
      Statement”
shall
      mean the registration statement, No. 333-149037 on Form S-1 filed by the Company
      in connection with the IPO; and (xii) “Trust
      Account”
means
      the trust account in which the proceeds to the Company of the IPO will be
      deposited and held for the benefit of the holders of the IPO shares, as
      described in greater detail in the Prospectus.  

     

    13.  The
      undersigned hereby agrees that any action, proceeding or claim against the
      undersigned 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 irrevocably submits
      to
      such jurisdiction, which jurisdiction shall be exclusive. The undersigned hereby
      waives any objection to such exclusive jurisdiction and that such courts
      represent an inconvenience forum.

     

     

    

    

    ________________________________

    G.
      Richard Thoman

     

    
      
        
        

      

      
        4Unassociated Document

    ____________,
      2008

    

    Corporate
      Acquirers, Inc.

    126
      East
      56th
      Street

    New
      York,
      NY 10022

     

    Deutsche
      Bank Securities Inc.

    60
      Wall
      Street

    New
      York,
      NY 10005

    

    Pali
      Capital, Inc.

    650
      Fifth
      Avenue

    New
      York,
      NY 10022

    

    

    Re: Initial
      Public Offering

     

    Ladies
      and Gentlemen:

     

    The
      undersigned stockholder, officer and/or director of Corporate
      Acquirers, Inc.
      (the
“Company”),
      in
      consideration of Deutsche Bank Securities Inc., the representative of the
      underwriters (the “Representative”) and Pali Capital, Inc.
      (“Pali”,
      and
      together with the Representative, the “Underwriters”)
      entering into a letter of intent (the “Letter
      of Intent”)
      to
      underwrite an initial public offering (the “IPO”)
      of the
      securities of the Company and embarking on, undertaking and continuing to
      participate in the IPO process, hereby agrees as follows (certain capitalized
      terms used herein are defined in paragraph 11 hereof):

    

    1.  If
      the
      Company solicits approval of its stockholders of a Business Combination, the
      undersigned will: (i) vote all Insider Shares in accordance with the majority
      of
      the votes cast by the Public Stockholders,
      (ii)
      vote any IPO shares or shares of Common Stock acquired following the IPO in
      favor of the Business Combination and (iii) vote all Insider Shares, IPO Shares
      and all shares of Common Stock acquired following the IPO in favor of an
      amendment to the Company’s Amended and Restated Certificate of Incorporation to
      provide for perpetual existence of the Company in the event the Business
      Combination is approved.

     

    2.  (a)    In
      the
      event that the Company fails to consummate a Business Combination within 24
      months from the effective date (the “Effective
      Date”)
      of the
      Registration Statement (the “Termination
      Date”),
      the
      undersigned shall, in accordance with all applicable requirements of the
      Delaware General Corporation Law, take all action reasonably within his power
      to
      liquidate the Company and distribute all funds held in the Trust Account to
      the
      Public Stockholders as soon as reasonably practicable following the Termination
      Date in the manner and subject to the deductions set forth in the Prospectus.
      In
      addition, from and after the Termination Date, the undersigned will, in
      accordance with the Company’s Amended and Restated Certificate of Incorporation,
      take all action reasonably within his power to limit the Company’s activities to
      winding up its affairs and to dissolving the Company and liquidating the Trust
      Account. 

     

    (b)    Except
      with respect to any of the IPO Shares acquired by the undersigned in connection
      with or following the IPO, the undersigned hereby irrevocably: (i) waives
      any and all right, title, interest, cause of action or claim of any kind (a
      “Claim”)
      in or
      to all funds in the Trust Account and any remaining net assets of the Company
      upon liquidation of the Trust Account and dissolution of the Company;
      (ii) 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, which
      Claim
      would reduce, encumber or otherwise adversely affect the amounts held in the
      Trust Account; and (iii) agrees that the undersigned will not seek recourse
      (legal, equitable or otherwise) against the Trust Account for any reason
      whatsoever. The undersigned hereby agrees that he shall promptly reimburse
      the
      Trust Account for any distribution of amounts in the Trust Account received
      by
      the undersigned in respect of his Shares. For clarity, the undersigned may
      receive distributions from the Trust Account in respect of IPO
      Shares.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    3.  The
      undersigned acknowledges and agrees that the Company will not consummate any
      Business Combination involving a company affiliated with any of the Insiders,
      as
      defined below, unless the Company obtains an opinion from an independent
      investment banking firm reasonably acceptable to the Representative that the
      Business Combination is fair to the Company’s stockholders from a financial
      perspective.

     

    4.  Neither
      the undersigned, any member of the family of the undersigned, nor any Affiliate
      of the Undersigned will be entitled to receive and will not accept any
      compensation for services rendered to the Company prior to the consummation
      of
      the Business Combination; provided that the undersigned shall be entitled to
      reimbursement from the Company for his out-of-pocket expenses incurred in
      connection with seeking and consummating a Business Combination.

     

    5.  The
      undersigned agrees that neither the undersigned, any member of the family of
      the
      undersigned, nor any Affiliate of the undersigned will be entitled to receive
      or
      accept, and the undersigned, on behalf of the undersigned and the aforementioned
      parties, hereby waives any rights to a finder’s fee or any other compensation
      payable by the Company in the event the undersigned, any member of the family
      of
      the undersigned or any Affiliate of the undersigned originates a Business
      Combination.

     

    6.  The
      undersigned’s information furnished to the Company and the Representative is
      true and accurate in all material respects, does not omit any material
      information with respect to the undersigned’s background and contains all of the
      information required to be disclosed pursuant to Section 401 of Regulation
      S-K, promulgated under the Securities Act of 1933, as amended.  The
      undersigned’s Questionnaire furnished to the Company and the Representative is
      true and accurate in all respects.  The undersigned further represents and
      warrants to the Company and the Representative that:

     

    (a)  No
      petition under the Federal bankruptcy laws or any state insolvency law has
      been
      filed by or against, or a receiver, fiscal agent or similar officer was
      appointed by a court for the business or property of the undersigned, at or
      within two (2) years prior to the date hereof;

     

    (b)  The
      undersigned has not been convicted in any criminal proceeding nor is
      the undersigned currently a named subject of a pending criminal proceeding
      (excluding traffic violations and other minor offenses); 

     

    (c)  The
      undersigned has not been the subject of any order, judgment, or decree, not
      subsequently reversed, suspended or vacated, of any court of competent
      jurisdiction, permanently or temporarily enjoining the undersigned from, or
      otherwise limiting, the following activities: 

     

    (i) Acting
      as
      a futures commission merchant, introducing broker, commodity trading advisor,
      commodity pool operator, floor broker, leverage transaction merchant, any other
      person regulated by the Commodity Futures Trading Commission, or an associated
      person of any of the foregoing, or as an investment adviser, underwriter, broker
      or dealer in securities, or as an affiliated person, director or employee of
      any
      investment company, bank, savings and loan association or insurance company,
      or
      engaging in or continuing any conduct or practice in connection with such
      activity; 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (ii) Engaging
      in any type of business practice; or 

     

    (iii) Engaging
      in any activity in connection with the purchase or sale of any security or
      commodity or in connection with any violation of Federal or State securities
      laws or Federal commodities laws; 

     

    (d)  The
      undersigned has not been the subject of any order, judgment or decree, not
      subsequently reversed, suspended or vacated, of any Federal or State authority
      barring, suspending or otherwise limiting for more than sixty (60) days the
      right of the undersigned to engage in any activity described in paragraph (c)(i)
      above, or to be associated with persons engaged in any such activity;

     

    (e)  The
      undersigned has not been found by a court of competent jurisdiction in a civil
      action or by the Securities and Exchange Commission to have violated any Federal
      or State securities law, and the judgment in such civil action or finding by
      the
      Securities and Exchange Commission has not been subsequently reversed,
      suspended, or vacated; and

     

    (f)  The
      undersigned has not been found by a court of competent jurisdiction in a civil
      action or by the Commodity Futures Trading Commission to have violated any
      Federal commodities law, and the judgment in such civil action or finding by
      the
      Commodity Futures Trading Commission has not been subsequently reversed,
      suspended or vacated. 

     

    7.  The
      undersigned will escrow his Insider Shares for the period commencing on the
      Effective Date and
      ending one (1) year following the consummation of a Business Combination, unless
      the Company were to consummate a transaction after the consummation of the
      initial Business Combination that results in all of the stockholders having
      the
      right to exchange their Common Stock for cash, securities or other property,
      in
      each case subject to the terms of the Securities Escrow Agreement, provided,
      however, that transfers may be made to permitted transferees, subject to and
      in
      accordance with such Securities Escrow Agreement.

    

    8.  The
      undersigned has full right and power, without violating any agreement by which
      the undersigned is bound, to enter into this letter agreement.

    

    9.  The
      undersigned authorizes any employer, financial institution, or consumer credit
      reporting agency to release to the Representative and its legal representatives
      or agents (including any investigative search firm retained by the
      Representative) any information they may have about the undersigned’s background
      and finances (the “Information”). 
      Neither the Representative nor its agents shall be violating the undersigned’s
      right of privacy in any manner in requesting and obtaining the Information
      and
      the undersigned hereby releases the Representative from liability for any damage
      whatsoever in that connection.

     

    10.  The
      undersigned hereby agrees not to propose or vote in favor of, any amendment
      to
      the Company’s Amended and Restated Certificate of Incorporation that requires
      the affirmative vote of at least 95% of the Company’s outstanding Common Stock
      other than in connection with the Business Combination. This paragraph may
      not
      be modified or amended under any circumstances.

     

    11.  As
      used
      herein: (i) “Affiliate”
shall
      mean any entity or person that directly or indirectly controls, is controlled
      by
      or is under common control with, the undersigned; (ii) “Business
      Combination”
shall
      mean an acquisition, by merger, capital stock exchange, asset or stock
      acquisition, reorganization or otherwise and as otherwise described in the
      Registration Statement relating to the IPO, of an operating business selected
      by
      the Company; (iii) “Common
      Stock”
shall
      mean the common stock, par value $.0001 per share, of the Company; (iv)
“Insiders”
shall
      mean all officers, directors and stockholders of the Company immediately prior
      to the IPO; (v) “Insider
      Shares”
shall
      mean all of the shares of Common Stock owned by an Insider, prior to the IPO;
      (vi) “IPO
      Shares”
shall
      mean the shares of Common Stock issued in the Company’s IPO; (vii) “Private
      Placement”
shall
      mean the private placement of 3,000,000 warrants of the Company prior to the
      IPO; (viii) “Prospectus”
shall
      mean the prospectus contained in the Registration Statement; (ix) “Public
      Stockholders”
shall
      mean the holders of the securities issued by the Company in the IPO; (x)
“Private
      Warrants” shall
      mean the 3,000,000 warrants granted to Corporate Acquirers, LLC by the Company;
      (xi) “Registration
      Statement”
shall
      mean the registration statement, No. 333-149037 on Form S-1 filed by the Company
      in connection with the IPO; and (xii) “Trust
      Account”
means
      the trust account in which the proceeds to the Company of the IPO will be
      deposited and held for the benefit of the holders of the IPO shares, as
      described in greater detail in the Prospectus.  

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    12.  The
      undersigned hereby agrees that any action, proceeding or claim against the
      undersigned 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 irrevocably submits
      to
      such jurisdiction, which jurisdiction shall be exclusive. The undersigned hereby
      waives any objection to such exclusive jurisdiction and that such courts
      represent an inconvenience forum.

     

     

    

    

    ________________________________

    Patrick
      J. Martin

     

    
      
        
        

      

      
        4

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