Document:

EXHIBIT 10.3

 

 

GUARANTORS’ RATIFICATION

 

The undersigned Guarantors hereby reaffirm
their continuing obligations under the terms of the certain Guaranty and Suretyship Agreement dated June 22, 2012 (as amended,
restated, replaced and/or modified from time to time, the “Guaranty”), and acknowledge that (i) they have read the
Fifth Amendment to Revolving Credit, Term Loan and Security Agreement, (ii) the Obligations under the Revolving Credit, Term Loan
and Security Agreement dated June 22, 2012, as has been and is being and may further be amended, restated, modified and/or extended
from time to time, are secured by their Guaranty, and (iii) they make such reaffirmation with full knowledge of the terms thereof.

 

 

	ATTEST:	 	HUDSON HOLDINGS, INC.
	 	 	 	 	 	 
	/s/ Stephen P. Mandracchia	 	By:  	/s/ Kevin J. Zugibe
	Name:	STEPHEN P. MANDRACCHIA 	 	 	Name:	KEVIN J. ZUGIBE
	Title:	Secretary	 	 	Title: 	Chief Executive Officer

 

  

	ATTEST:	 	HUDSON TECHNOLOGIES COMPANY
	 	 	 	 	 	 
	/s/ Stephen P. Mandracchia	 	By:  	/s/ Kevin J. Zugibe
	Name:	STEPHEN P. MANDRACCHIA 	 	 	Name:	KEVIN J. ZUGIBE
	Title:	Secretary	 	 	Title: 	Chief Executive Officer

 

 

Dated: April 8, 2016Exhibit 10.1

 

AMENDED AND RESTATED INVESTMENT MANAGEMENT TRUST AGREEMENT

 

This amended and restated
investment management trust agreement (“Agreement”) is made as of April 8, 2016, by and between Committed Capital
Acquisition Corporation II (the “Company”), a Delaware corporation, and Continental Stock Transfer & Trust
Company (“Trustee”) located at 17 Battery Place, New York, New York 10004. Capitalized terms used herein and
not otherwise defined shall have the meanings set forth in the Registration Statement.

 

WHEREAS, the Company’s
initial registration statement, as amended, on Form S-1, No. 333-192586 (the “Registration Statement”), for
its initial public offering of securities (“IPO”) has been declared effective as of April 10, 2014 by the Securities
and Exchange Commission (“Commission”); and

 

WHEREAS, Broadband
Capital Management LLC (“BCM”) acted as the representative of the underwriters in the IPO pursuant to an underwriting
agreement (the “Underwriting Agreement”); and

 

WHEREAS, as described
in the Registration Statement, and in accordance with the Company’s Amended and Restated Certificate of Incorporation (the
“Certificate of Incorporation”), $40,000,000 of the gross proceeds of the IPO were previously delivered to the
Trustee to be deposited and held in a trust account (the “Trust Account”) for the benefit of the Company and
the holders of the Company’s shares of common stock, par value $0.00001 per share (the “Common Stock”),
issued in the IPO as hereinafter provided and, in the event the Units are registered in Colorado, pursuant to Section 11-51-302(6)
of the Colorado Revised Statutes (the “Colorado Statute”, a copy of which is attached to this Agreement and
expressly made a part hereof) (the aggregate amount to be delivered to the Trustee will be referred to herein as the “Property”;
the public 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”), pursuant to
the investment management trust agreement as of April 10, 2014 (the “Original Agreement”); and

 

WHEREAS, the expenses
of the Company relating to the IPO and its initial acquisition of one or more operating business or assets through a merger, capital
stock exchange, asset acquisition, stock purchase, reorganization, exchangeable share transaction or other similar business transaction
(the “Initial Business Transaction”) will be covered solely by loans made from time to time by BCM and interest
accrued on the Property in the Trust Account; and

 

WHEREAS, the Company
and the Trustee are entering into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall hold
the Property.

 

WHEREAS, the Company
has sought the approval of its holders of Common Stock at a meeting of its stockholders (the “Stockholder Meeting”)
to: (i) extend the date before which the Company must complete a business combination from April 10, 2016 (the “Current
Termination Date”) to April 10, 2017 (the “Extended Termination Date”), and provide that the date
for cessation of operations of the Company if the Company has not completed a business combination would similarly be extended,
(ii) allow holders of the Company’s public shares to redeem their public shares for a pro rata portion of the funds available
in the Trust Account, and authorize the Company and the Trustee to disburse such redemption payments (together with clause (i),
the “Extension Amendment”) and (iii) amend and restate the Original Agreement to permit distributions from the
trust account to pay public stockholders properly demanding redemption in connection with the Extension Amendment; and extend the
date on which to commence liquidating the trust account in the event the Company has not consummated a business combination from
the Current Termination Date to the Extended Termination Date (the “Trust Amendment”);

 

     

     

    

 

WHEREAS, holders
of at least sixty-five percent (65%) of the Company’s outstanding shares of Common Stock approved the Trust Amendment and
the Extension Amendment; and

 

WHEREAS, the parties
desire to amend and restate the Original Agreement to, among other things, reflect amendments to the Original Agreement contemplated
by the Trust Amendment.

 

NOW THEREFORE, 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, including the terms of Section 11-51-302(6) of the Colorado Statute, in Trust Accounts which
shall be established by the Trustee at JP Morgan Chase Bank, NA and at a brokerage institution selected by the Trustee that is
reasonably satisfactory to the Company;

 

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

 

(c)In a timely manner, upon the
instruction of the Company, to invest and reinvest the Property in United States “government securities” within the
meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended, having a maturity of 180 days or less, as determined
by the Company, and/or in any open ended investment company that holds itself out as a money market fund selected by the Company
meeting the conditions of paragraphs (c)(2), (c)(3) and (c)(4) of Rule 2a-7 promulgated under the Investment Company Act of 1940,
as determined by the Company;

 

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

 

(e)Notify the Company of all communications
received by it with respect to any Property requiring action by the Company;

 

(f)Supply any necessary information
or documents as may be requested by the Company in connection with the Company’s preparation of its tax returns;

 

(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,
so long as the Company shall have advanced funds sufficient to pay the Trustee’s expenses incident thereto;

 

     

     

    

 

(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; and

 

(i)Commence
liquidation of the Trust Account only after and promptly after receipt of, and only in accordance with, the terms of a letter (“Termination
Letter”), in a form substantially similar to that attached hereto as either Exhibit A or Exhibit B hereto,
signed on behalf of the Company by an executive officer, and complete the liquidation of the Trust Account and distribute the Property
in the Trust Account only as directed by the Company; provided, however, that in the event that a Termination Letter
has not been received by the Trustee by 11:59 p.m., New York City time, on the Extended Termination Date, the Trust Account shall
be liquidated as soon as practicable thereafter in accordance with the procedures set forth in the Termination Letter attached
as Exhibit B hereto and distributed to the Public Stockholders of record at the close of trading (4:00 p.m., New York City
time) on the Extended Termination Date. For the purposes of clarity, any transmission of such Termination Letter electronically,
whether by facsimile, electronic mail (e-mail), PDF or otherwise, shall constitute an original of such Termination Letter or other
notice hereunder.

 

2.Limited Distributions of Income from Trust Account.

 

(a)Upon written request from the
Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit C, and
subject to the limitations set forth in this Agreement, the Trustee shall distribute to the Company by wire transfer from the Trust
Account the amount necessary to cover any income or franchise tax obligation owed by the Company and, to the extent there is not
sufficient cash in the Trust Account to pay such income or franchise tax obligation, liquidate such assets held in the Trust Account
as shall be designated by the Company in writing to make such distribution.

 

(b)Subject to the limitations set
forth in this Agreement, the Company may withdraw funds from the Trust Account for working capital purposes by delivery of Exhibit
C to the Trustee.

 

(c)The distributions
referred to in Sections 2(a) and 2(b) shall be made only from income collected on the Property.

 

(d)The Trustee shall,
only after and promptly after receipt of, and only in accordance with, the terms of a letter, in a form substantially similar to
that attached hereto as Exhibit D, signed on behalf of the Company by an executive officer and in accordance with the written
instruction of the Company, disburse to the Public Stockholders of record as of the record date for the Stockholder Meeting pursuant
to which the Trust Amendment and the Extension Amendment were approved who (A) elected to exercise their redemption rights in connection
with the Extension Amendment and the Trust Amendment and (B) tendered their stock certificate(s) in accordance with the provisions
set forth in the proxy statement for the Stockholder Meeting, the amount indicated by the Company as required to pay such Public
Stockholders. For the purposes of clarity, any transmission of such letter electronically, whether by facsimile, electronic mail
(e-mail), PDF or otherwise, shall constitute an original of such letter hereunder.

 

     

     

    

 

(e)In no event shall
the payments authorized by Sections 2(a) and 2(b) cause the amount in the Trust Account to fall below the amount initially deposited
into the Trust Account. Except as provided in Sections 2(a), 2(b) and 2(d) above, no other distributions from the Trust Account
shall be permitted except in accordance with Section 1(i) hereof.

 

(f)The written request of the Company
referenced above shall constitute presumptive evidence that the Company is entitled to such funds, and the Trustee has no responsibility
to look beyond said request.

 

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

 

(a)Give all instructions to the
Trustee hereunder in writing or the electronic equivalent, signed by the Company’s Chief Executive Officer and President
or Secretary and as specified in Section 1(i). In addition, except with respect to its duties under Sections 1(i), 2(a), 2(b) and
2(d) above, the Trustee shall be entitled to rely on, and shall be protected in relying on, any verbal, electronic or telephonic
advice or instruction which it in good faith believes to be given by any one of the persons authorized above to give written instructions,
provided that the Company shall promptly confirm such instructions in writing;

 

(b)Subject to the provisions of
Section 5, 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 taken by the trustee hereunder or any claim,
potential claim, 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 bad faith,
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 section, it shall notify
the Company in writing of such claim (hereinafter referred to as the “Indemnified Claim”). The Trustee shall
have the right to conduct and manage the defense against such Indemnified Claim, provided, that the Trustee shall obtain the prior
written consent of the Company with respect to the selection of counsel, which consent shall not be unreasonably withheld. The
Trustee may not agree to settle any Indemnified Claim without the prior written consent of the Company, which consent shall not
be unreasonably withheld. The Company may participate in such action with its own counsel;

 

(c)Pay the Trustee the fees set
forth on Schedule A hereto;

 

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

 

(e)In the event that the Company
directs the Trustee to commence liquidation of the Trust Account pursuant to Section 1(i), the Company agrees that it will not
direct the Trustee to make any payments that are not specifically authorized by this Agreement.

  

     

     

    

 

4.Limitations of Liability.

 

(a)The Trustee shall have no responsibility
to take (and shall have no liability for taking) any of the following actions:

 

(1)In its
capacity as Trustee, perform duties, inquire or otherwise be subject to the provisions of any agreement or document (and no such
obligations shall be implied), other than this Agreement and that which is expressly set forth herein;

 

(2)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 except for liability arising out of its own bad faith, gross negligence or willful misconduct;

 

(3)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 to it funds sufficient to pay any expenses incident thereto;

 

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

 

(5)Refund
any depreciation in principal of any Property for so long as the Property was held in the Trust Account in accordance with the
terms of this Agreement;

 

(6)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;

 

(7)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;

 

(8) Prepare,
execute and file tax reports, income or other tax returns and pay any taxes with respect to income and activities relating to the
Trust Account, regardless of whether such tax is payable by the Trust Account or the Company (including but not limited to income
tax obligations), it being expressly understood that as set forth in Section 2(a), if there is any income or other tax obligation
relating to the Trust Account or the Property in the Trust Account, as determined from time to time by the Company and regardless
of whether such tax is payable by the Company or the Trust, at the written instruction of the Company, the Trustee shall make funds
available in cash from the Property in the Trust Account an amount specified by the Company as owing to the applicable taxing authority,
which amount shall be paid directly to the Company by electronic funds transfer, account debit or other method of payment, and
the Company shall forward such payment to the taxing authority;

 

(9)Pay
or report any taxes on behalf of the Trust Account other than pursuant to Section 2(a); and

 

     

     

    

 

(10)Verify
calculations, qualify or otherwise approve Company requests for distributions pursuant to Sections 1(i), 2(a), 2(b) or 2(d).

 

(b)The Trustee shall not be liable
for taking any actions in accordance with Section 4(a) above. Furthermore, the Trustee shall not be liable to the other parties
hereto or to anyone else for any action taken or omitted by it, or any action suffered by it to be taken or omitted, in good faith
and in the exercise of its own best judgment, except for its gross negligence or willful misconduct and except in breach of the
terms of this Agreement. The Trustee may rely conclusively and shall be protected in acting upon any order, judgment, instruction,
notice, demand, certificate, opinion or advice of counsel (including counsel chosen by the Trustee, (which counsel may be company
counsel), 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 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;

 

5.No Right of Set-Off. The Trustee
waives any right of set-off or any right, title, interest or claim of any kind that the Trustee may have against the Property held
in the Trust Account. In the event the Trustee has a claim against the Company under this Agreement, including, without limitation,
under Section 3(b), the Trustee will pursue such claim solely against the Company and not against the Property held in the Trust
Account.

 

6.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, during which time the Trustee shall act in accordance with this Agreement. 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; 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 submit an application to have the Property deposited with any court in the State of New York
or 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; or

 

(b)At such time that the Trustee
has completed the liquidation of the Trust Account in accordance with the provisions of Section 1(i) 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).

 

7.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. 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. In executing funds transfers, the Trustee
will rely upon all information supplied to it by the Company, including, account names, account numbers, and all other identifying
information relating to a beneficiary, beneficiary’s bank or intermediary bank. The Trustee shall not be liable for any loss,
liability or expense resulting from any error in the information or transmission of the wire.

 

     

     

    

 

(b)This Agreement
shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect to
conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. It may be executed
in several original or facsimile counterparts, each one of which shall constitute an original, and together shall constitute but
one instrument.

 

(c)This Agreement
contains the entire agreement and understanding of the parties hereto with respect to the subject matter hereof. Except for Sections
1(i), 2(a), 2(b), 2(c) and 2(d) (which may not be modified, amended or deleted without the affirmative vote of 65% of the then
outstanding shares of Common Stock; provided that no such amendment will affect any Public Stockholder who has otherwise either
(i) indicated his election to redeem his shares of Common Stock in connection with a stockholder vote sought to amend this Agreement
or (ii) not consented to any amendment to this Agreement to extend the time he would be entitled to a return of his pro rata amount
in the Trust Account),, this Agreement or any provision hereof may only be changed, amended or modified (other than to correct
a typographical error) by a writing signed by 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 and the right to set-off as a defense. The Trustee may
request an opinion from Company counsel as to the legality of any proposed amendment as a condition to its executing such amendment.

 

(d)The parties hereto consent to
the personal jurisdiction and venue of any state or federal court located in the City of New York, Borough of Manhattan, for purposes
of resolving any disputes hereunder.

 

(e)Unless otherwise specified herein,
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 or delivery confirmation
requested), by hand delivery or by electronic or facsimile transmission:

 

if to the Trustee, to:

 

Continental Stock Transfer

& Trust Company

17 Battery Place

New York, New York 10004

Attn: Steven G. Nelson, Chairman, and

Frank A. DiPaolo, Vice President

Fax No.: (212) 509-5150

 

if to the Company, to:

 

Committed Capital Acquisition Corporation
II

c/o Broadband Capital Management LLC

712 Fifth Avenue, 22nd Floor

New York, NY 10019

Attn: Michael Rapoport

Fax No.: (212) 702-9830

 

with a copy to (which shall not constitute
notice):

 

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

666 Third Avenue

New York, NY 10017

Fax: 212-692-6732

Attn: Jeffrey P. Schultz, Esq.

 

     

     

    

 

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

 

(f)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 the Trust Account, including by way of set-off, and shall not be entitled to any funds in the Trust Account
under any circumstance. In the event that the Trustee has a claim against the Company under this Agreement, the Trustee will pursue
such claim solely against the Company and not against the Property held in the Trust Account.

 

(g)This Agreement
is the joint product of the Trustee and the Company and each provision hereof has been subject to the mutual consultation, negotiation
and agreement of such parties and shall not be construed for or against any party hereto

 

(h)This Agreement
may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts shall
together constitute one and the same instrument. Delivery of a signed counterpart of this Agreement by facsimile or electronic
transmission shall constitute valid and sufficient delivery thereof.

 

(i)The parties
hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of intent or interpretation
arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption or burden of proof will
arise favoring or disfavoring any party hereto because of the authorship of any provision of this Agreement. The words “include,”
“includes,” and “including” will be deemed to be followed by “without limitation.”
Pronouns in masculine, feminine, and neuter genders will be construed to include any other gender, and words in the singular form
will be construed to include the plural and vice versa, unless the context otherwise requires. The words “this Agreement,”
“herein,” “hereof,” “hereby,” “hereunder,” and words
of similar import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. The parties
hereto intend that each representation, warranty, and covenant contained herein will have independent significance. If any party
hereto has breached any representation, warranty, or covenant contained herein in any respect, the fact that there exists another
representation, warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity) which
such party hereto has not breached will not detract from or mitigate the fact that such party hereto is in breach of the first
representation, warranty, or covenant.

 

(j)The Company
has also retained the Trustee to serve as its stock transfer agent and warrant agent and shall pay the fees set forth in Schedule
A for such services. Additionally, the Trustee has agreed to provide all services, including, but not limited to: the mailing
of proxy or tender documents to registered holders, all wires in connection with an Initial Business Transaction and maintaining
the official record of the exercise of redemption rights and stockholder voting (if applicable).

 

[Signature page follows]

 

     

     

    

 

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

 

 

CONTINENTAL STOCK TRANSFER

& TRUST COMPANY, as Trustee

 

 

By: /s/ Sharmin Carter 

Name: Sharmin Carter

Title: Treasurer and Controller

  

 

 

COMMITTED CAPITAL
acquisition corpORATION II

  

 

By: /s/ Michael Rapoport

Name: Michael Rapoport

Title: Chief Executive Officer

  

     

     

    

  

SCHEDULE A

 

 

	Fee Item	Time and method of payment 	Amount
	IPO closing fee	Consummation of IPO by wire transfer of funds.	$3,500
	Annual trustee fee	$5,000 due upon execution of the IMTA and then at each anniversary. Balance of fee deferred until either consummation of business combination, or termination.	$8,000 ($3,000 p.a. deferred)
	Share transfer agent fee	First year cumulative fee $3,600 payable by wire transfer upon closing of the IPO thereafter. $300 payable monthly when invoiced. Balance of $100 monthly/ $1,200 annually deferred until either consummation of business combination, or termination. 	$400 ($100 p.a. deferred)
	Warrant agent fee	Monthly by check or wire transfer of funds.	$200
	All services in connection with an Initial Business Transaction and/or all services in connection with liquidation of Trust Account if no Initial Business Transaction is consummated.	Upon final liquidation of the Trust Account but, if no Initial Business Transaction is consummated, only from interest earned on the Property or from the Company by wire transfer of funds.	Prevailing rates after consultation with the issuer and its counsel at the time of an Initial Business Transaction. The minimum fee shall be $3,500.

 

     

     

    

 

EXHIBIT A

 

[Letterhead of Company]

[Insert date]

 

Continental Stock Transfer & Trust Company

17 Battery Place

New York, New York 10004

Attn: Steven Nelson and Frank Di Paolo

 

		Re:	Trust Account No. [ ] - Termination Letter

 

Gentlemen:

 

Pursuant to Section
1(i) of the Investment Management Trust Agreement, between Committed Capital Acquisition Corporation II (“Company”)
and Continental Stock Transfer & Trust Company, dated as of [_________], 2014 (as amended, “Trust Agreement”),
this is to advise you that the Company has entered into an agreement with [ ] (the “Target Businesses”) to consummate
an Initial Business Transaction with the Target Businesses on or before [ ] (the “Consummation Date”). This
letter shall serve as the notice required with respect to the Initial Business Transaction. Capitalized words used herein and not
otherwise defined shall have the meanings ascribed to them in the Trust Agreement.

 

In accordance with
the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on [ ] and to transfer the
entire proceeds to the above referenced Trust checking account at [ ] 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
on the Consummation Date.  It is acknowledged and agreed that while the funds are on deposit in the Trust checking account
awaiting distribution, the Company will not earn any interest or dividends.

 

On or before the Consummation
Date: (i) counsel for the Company shall deliver to you (a) an affidavit which verifies the vote of the Company’s stockholders
in connection with the Initial Business Transaction (if applicable)[1],
(b) written notification that the Initial Business Transaction has been consummated or will, concurrently with your transfer of
funds to the accounts as directed by the Company, be consummated and (c) notice that the provisions of Section 11-51-302(6) and
Rule 51-3.4 of the Colorado Statute have been met (if applicable), and (ii) the Company shall deliver to you written instructions
with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed
and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel’s letter 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 be distributed immediately and the penalty incurred. Upon the distribution of all the funds in the Trust Account
pursuant to the terms hereof, the Trust Agreement shall be terminated.

 

 

 

 1
Only if shareholder vote held

 

     

     

    

 

In the event the Initial
Business Transaction is not consummated by 11:59 p.m. on the Consummation Date and we have not notified you of a new Consummation
Date, then the funds held in the Trust checking account shall be reinvested as provided for by the Trust Agreement as soon as practicable
thereafter.

 

Very truly yours,

 

Committed
Capital Acquisition Corporation II

 

 

 

By: ________________________________

Name:

Title:

 

		CC:	Broadband Capital Management LLC

  

     

     

    

 

EXHIBIT B

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer & Trust Company

17 Battery Place

New York, New York 10004

Attn: Steven Nelson and Frank Di Paolo

 

		Re:	Trust Account No. [ ] - Termination Letter

 

Gentlemen:

 

Pursuant to Section
1(i) of the Investment Management Trust Agreement, between Committed Capital Acquisition Corporation II (“Company”)
and Continental Stock Transfer & Trust Company (“Trustee”), dated as of [_________], 2014 (as amended, “Trust
Agreement”), this is to advise you that the Company has been unable to effect an Initial Business Transaction with a
Target Company within the time frame specified in the Company’s Amended and Restated Certificate of Incorporation (“Certificate
of Incorporation”). Capitalized words used herein and not otherwise defined shall have the meanings ascribed to them in the
Trust Agreement.

 

In accordance with
the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account on [ ] and to transfer the total proceeds
to the Trust checking account at [ ] for distribution to the stockholders. The Company has selected [ ] as the record date for
the purpose of determining the stockholders entitled to receive their pro rata share of the liquidation proceeds. You agree to
be the paying agent of record and in your separate capacity as paying agent, to distribute said funds directly to the Company’s
stockholders (other than with respect to the initial, or insider, shares) in accordance with the terms of the Trust Agreement,
the Certificate of Incorporation and the fee set forth on Schedule A. Upon the distribution of all of the funds in the Trust
Account, your obligations under the Trust Agreement shall be terminated.

 

Very truly yours,

 

Committed
Capital Acquisition Corporation II

 

 

 

By: ________________________________

Name:

Title:

 

		CC:	Broadband Capital Management LLC

 

     

     

    

 

EXHIBIT C

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer

& Trust Company

17 Battery Place, 8th Floor

New York, New York 10004

Attn: Steven Nelson and Frank DiPaolo

 

		Re:	Trust Account No. [ ]

 

Gentlemen:

 

Pursuant to Section
[2(a) or 2(b)] of the Investment Management Trust Agreement, between Committed Capital Acquisition Corporation II (“Company”)
and Continental Stock Transfer & Trust Company, dated as of [_________], 2014 (as amended, “Trust Agreement”),
the Company hereby requests that you deliver to the Company $_______ of the interest income earned on the Property as of the date
hereof. The Company needs such funds [to pay for the tax obligations as set forth on the attached tax return or tax statement]
or [for working capital purposes]. In accordance with the terms of the Trust Agreement, you are hereby directed and authorized
to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the Company’s operating account at:

 

[WIRE INSTRUCTION INFORMATION]

 

Committed
Capital Acquisition Corporation II

 

 

By: ________________________________

Name:

Title:

 

 

 

 

 

     

     

    

 

EXHIBIT D

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer & Trust Company

17 Battery Place

New York, New York 10004

Attn: Steven Nelson and Frank Di Paolo

 

		Re:	Trust Account No. [ ]

 

Gentlemen:

 

Pursuant to Section 2(d) of the Amended
and Restated Investment Management Trust Agreement between Committed Capital Acquisition Corporation II (the “Company”)
and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of April 8, 2016 (the “Trust
Agreement”), this is to advise you that in connection with the Extension Amendment and the Trust Amendment and in accordance
with the terms of the Trust Agreement, we hereby authorize you to liquidate $_____ of the Trust Account on April 11, 2016 and to
transfer $_____ of the proceeds of the Trust to the Trust checking account at [ ] for distribution to the shareholders that have
requested redemption of their shares in connection with the Extension Amendment and the Trust Amendment. It is acknowledged and
agreed that while such funds are on deposit in the Trust checking account awaiting distribution, the Company will not earn any
interest or dividends on such funds.

 

On or before the date for liquidation referenced
above, the Company shall deliver to you (a) an affidavit which verifies the vote of the Company’s stockholders in connection
with the Extension Amendment and the Trust Amendment, (b) written notification that the Extension Amendment and the Trust Amendment
are effective, and (c) written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction
Letter”). You agree to be the paying agent of record and in your separate capacity as paying agent to distribute said
funds on the date for liquidation referenced above directly to the Company’s stockholders (other than with respect to the
initial, or insider shares) in accordance with the Instruction Letter, terms of the Trust Agreement, the Certificate of Incorporation
of the Company and the fees set forth on Schedule A to the Trust Agreement. In the event certain deposits held in the Trust
Account may not be liquidated on such 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 or be distributed immediately and the penalty incurred.

 

[Signature page follows]

 

     

     

    

 

Very truly yours,

 

COMMITTED CAPITAL ACQUISITION CORPORATION II

 

By:                                                         

Name:

Title:

 

 

		cc:	Broadband Capital Management LLC

 

     

     

    

 

EXHIBIT E

 

 

  

	AUTHORIZED INDIVIDUAL(S)	AUTHORIZED
	FOR TELEPHONE CALL BACK 	TELEPHONE NUMBER(S)

 

 

Company:

 

Committed Capital Acquisition Corporation II

c/o Broadband Capital Management LLC

712 Fifth Avenue, 22nd Floor

New York, NY 10019

	Attn:  	Michael Rapoport, Chief Executive Officer	(212) 277-5301
	 	Philip Wagenheim, President and Secretary	(212) 277-5300

 

 

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

666 Third Avenue

New York, NY 10017

	Attn:  	Jeffrey P. Schultz, Esq.	(212) 692-6732

 

 

Trustee:

 

Continental Stock Transfer & Trust Company

17 Battery Place

New York, New York 10004

	Attn:   	Frank Di Paolo, Vice President 	(212) 845-3270

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