Document:

EXHIBIT
      10.8 

     

    June
      ___,
      2006

     

    Energy
      Infrastructure Acquisition Corp. 

    641
      Fifth
      Avenue

    New
      York,
      New York 10022, Suite 320

    Santa
      Monica, CA 90405

     

     

    Maxim
      Group LLC

    405
      Lexington Avenue

    New
      York,
      New York 10174 

     

     

    Re:    Initial
      Public Offering

     

    Gentlemen:

     

    The
      undersigned, a director of Energy Infrastructure Acquisition Corp. (the
“Company”), in consideration of Maxim Group LLC (“Maxim”) entering into a letter
      of intent (“Letter of Intent”) to underwrite an initial public offering of the
      securities of the Company (“IPO”) and embarking on the IPO process, hereby
      agrees as follows (certain capitalized terms used herein are defined in
      paragraph 13 hereof):

     

    I. (1)
      In
      the event that the Company fails to consummate a Business Combination within
      18
      months from the effective date (“Effective Date”) of the registration statement
      relating to the IPO (or 24 months under the circumstances described in the
      prospectus relating to the IPO (such later date being referred to herein as
      the
“Termination Date”)), the undersigned shall (A) take all such action reasonably
      within its power as is necessary to dissolve the Company and liquidate the
      Trust
      Account to holders of IPO Shares (i) as soon as reasonably practicable, (ii)
      after approval of the Company’s stockholders, (iii) subject to the requirements
      of the Delaware General Corporation Law (the “GCL”), including voting for the
      adoption of a resolution by the board of directors, prior to such Termination
      Date, pursuant to Section 275(a) of the GCL, finding the dissolution of the
      Company advisable and (iv) causing the preparation of such notices as are
      required by said Section 275(a) of the GCL as promptly thereafter as possible;
      (B) cause the board of directors to convene and adopt a plan of dissolution
      and
      distribution, vote his shares in favor of any plan of dissolution and
      distribution recommended by the board of directors, and seek stockholder
      approval for the plan of dissolution and distribution; and (C) on the date
      of
      any such adoption, cause the Company to prepare and file a proxy statement
      with
      the Securities and Exchange Commission setting out the plan of dissolution
      and
      distribution.  

    

    (2)
      If
      the Company seeks approval from its stockholders to consummate a Business
      Combination within 90 days of the expiration of 24 months from the Effective
      Date, the undersigned agrees to take all such action reasonably within its
      power
      as is necessary to ensure that the proxy statement related to such Business
      Combination will seek stockholder approval for the plan of dissolution and
      distribution in the event the stockholders do not approve the Business
      Combination. 

    

    (3)
      If no
      proxy statement seeking the approval of the stockholders for a Business
      Combination has been filed within 30 days prior to the date which is 24 months
      from the date of the IPO, the undersigned agrees to take, prior to such date,
      all such action reasonably within its power as is necessary to convene and
      adopt
      a plan of dissolution and distribution and on such date file a proxy statement
      with the SEC seeking stockholder approval for such plan. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (4)
      Except with respect to any of the IPO Shares acquired by the undersigned in
      connection with or following the IPO, the undersigned hereby (a) waives any
      and
      all right, title, interest or claim of any kind (“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, (b) 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 (c) agrees that the undersigned will
      not seek recourse against the Trust Account for any reason whatsoever.

    

    (5)
      The
      undersigned agrees to indemnify and hold harmless the Company against any and
      all loss, liability, claims, damage 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) to which the Company may become subject
      as
      a result of any claim by any vendor, prospective target business or other entity
      that is owed money by the Company for services rendered or products sold to
      us
      or the claims of any target businesses, subject to the following limitations:
      (i) such indemnification will only be made insofar as the Company did not obtain
      a waiver from such party of such party’s rights or claims to the Trust Account,
      (ii) such indemnification will be made only to the extent necessary to ensure
      that such loss, liability, claim, damage or expense does not reduce the amount
      in the Trust Account (as defined in the Letter of Intent) below the amount
      necessary in order for each holder of IPO Shares to receive a liquidation amount
      of at least $10.00 per IPO Share owned by such holder, and (iii) such indemnity
      shall be limited to the extent of the undersigned’s pro rata beneficial
      ownership of the Company prior to the IPO. 

     

    II. In
      order
      to minimize potential conflicts of inter-est which may arise from multiple
      affiliations, the undersigned agrees to present to the Company for its
      consideration, prior to presentation to any other person or entity, any suitable
      opportunity to acquire an operating business, until the earlier of (i) the
      consummation by the Company of a Business Combination, (ii) the dissolution
      of
      the Company or (iii) such time as the undersigned ceases to be an officer or
      director of the Company, subject to any pre-existing fiduciary and contractual
      obligations the undersigned might have.

     

    III. The
      undersigned acknowledges and agrees that the Company will not consummate any
      Business Combination which involves a company which is affiliated with any
      of
      the Insiders unless
      the Company obtains an opinion from an independent investment banking firm
      which
      is a member of the National Association of Securities Dealers, Inc. and is
      reasonably acceptable to Maxim that the Business Combination is fair to the
      Company’s stockholders from a financial perspective.

     

    IV. (1)
      Neither the undersigned, any member of the family of the undersigned, nor any
      affiliate of the undersigned (“Affiliate”) will be entitled to receive, and no
      such person will accept, any compensation for services rendered to the Company
      prior to the consummation of a Business Combination. 

    

    (2)
      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.

     

    
      
        
        

      

      
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    V. Neither
      the undersigned, any member of the family of the undersigned, nor any Affiliate
      will be entitled to receive or accept a finder’s fee or any other compensation
      in the event the undersigned, any member of the family of the undersigned or
      any
      Affiliate originates a Business Combination.

    

    VI. (1)
      The
      undersigned agrees to be a director of the Company until the earlier of the
      consummation of a Business Combination or the dissolution of the Company. The
      undersigned agrees to not to resign (or advise the Board that the undersigned
      declines to seek re-election to the Board of Directors) from his position as
      officer and/or director of the Company as set forth in the Registration
      Statement without the prior consent of Maxim until the earlier of the
      consummation by the Company of a Business Combination, liquidation of the Trust
      Account, or the dissolution of the Company. The undersigned acknowledges that
      the foregoing does not interfere with or limit in any way the right of the
      Company to terminate the undersigned’s employment at any time (subject to other
      contractual rights the undersigned may have) nor confer upon the undersigned
      any
      right to continue in the employ of Company.

    

    (2)
      The
      undersigned’s biographical information furnished to the Company and Maxim and
      attached hereto as Exhibit A is true and accurate in all 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 Item 401
      of
      Regulation S-K, promulgated under the Securities Act of 1933.  The
      undersigned’s Questionnaire previously furnished to the Company and Maxim is
      true and accurate in all respects as of the date first written above. 

    

    (3)
      The
      undersigned represents and warrants that:

     

    (a) he
      is not
      subject to or a respondent in any legal action for, any injunction relating
      to,
      or any cease-and-desist order or order or stipulation to desist or refrain
      from
      any act or practice relating to the offering of securities in any
      jurisdiction;

    

    (b) he
      has
      never been convicted of or pleaded guilty to any crime (i) involving any fraud
      or (ii) relating to any financial transaction or handling of funds of another
      person, or (iii) pertaining to any dealings in any securities, and he is not
      currently a defendant in any such criminal proceeding; and

    

    (c) he
      has
      never been suspended or expelled from membership in any securities or
      commodities exchange or association or had a securities or commodities license
      or registration denied, suspended or revoked.

     

    VII. The
      undersigned has full right and power, without violating any agreement by which
      he is bound, to enter into this letter agreement and to serve as the Chief
      Financial Officer and a director of the Company.

     

    VIII. The
      undersigned authorizes any employer, financial institution, or consumer credit
      reporting agency to release to Maxim and its legal representatives or agents
      (including any investigative search firm retained by Maxim) any information
      they
      may have about the undersigned’s background and finances (“Information”). 
Neither Maxim 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 them from liability for any damage whatsoever in
      that connection.

     

    
      
        
        

      

      
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    IX. In
      connection with the vote required to consummate a Business Combination, the
      undersigned agrees that he will vote all shares of common stock owned by him
      prior to the IPO and the Regulation S Private Placement (the “Insider Shares”),
      if any, in accordance with the majority of the votes cast by the holders of
      the
      IPO Shares and the Regulation S Private Placement Shares, and all shares of
      common stock acquired in connection with the Regulation S Private Placement
      or
      in or following the IPO “for” a Business Combination.

    

    X. The
      undersigned will escrow his Insider Shares, if any, for the period commencing
      on
      the Effective Date and ending on the third anniversary of the Effective Date,
      subject to the terms of a Stock Escrow Agreement which the Company will enter
      into with the undersigned and an escrow agent acceptable to the
      Company.

    

    XI. This
      letter 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.  The undersigned hereby (i) agrees that any action,
      proceeding or claim against him arising out of or relating in any way to this
      letter agreement (a “Proceeding”) shall be brought and enforced in the the
      federal courts of the United States of America for the Southern District of
      New
      York, and irrevocably submits to the jurisdiction of such courts, which
      jurisdiction shall be exclusive, (ii) waives any objection to the exclusive
      jurisdiction of such courts and any objection that such courts represent an
      inconvenient forum and (iii) irrevocably agrees to appoint Loeb & Loeb LLP
      as agent for the service of process in the State of New York to receive, for
      the
      undersigned and on his behalf, service of process in any Proceeding. If for
      any
      reason such agent is unable to act as such, the undersigned will promptly notify
      the Company and Maxim and appoint a substitute agent acceptable to each of
      the
      Company and Maxim within 30 days and nothing in this letter will affect the
      right of either party to serve process in any other manner permitted by
      law.

    

    XII. As
      used
      herein, (i) a “Business Combination” shall mean an acquisition by the Company,
      by merger, capital stock exchange, asset or stock acquisition, reorganization
      or
      otherwise, of an operating business or businesses in the energy or related
      industries; (ii) “Insiders” shall mean all officers, directors and stockholders
      of the Company immediately prior to the IPO; (iii) “IPO Shares” shall mean the
      shares of Common Stock issued in the Company’s IPO; (iv) “Regulation S Private
      Placement Shares” shall mean the 825,398 shares of Common Stock issued by the
      Company in a transaction exempt from registration with the Securities and
      Exchange Commission under Regulation S approximately four days prior to the
      Effective date, as described in greater detail in the prospectus relating to
      the
      IPO; and “Trust Account” shall mean the trust account in which most of 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
      relating to the IPO.

     

    [Signature
      Page to Follow]

     

    
      
        
        

      

      
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              Peter
                Blumen

            	
               

            
	
               

            	
               

            	
               

            	
               

            	
               

            	
              Print
                Name of Insider

            	
               

            
	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            	
               

            	
               

            	/s/
Peter
              Blumen       	
               

            
	
               

            	
               

            	
               

            	
               

            	
               

            	
              Signature

            	
               

            

    

     

     

    
      
        
        

      

      
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    EXHIBIT A

     

    Peter
      Blumen has
      been
      a director of our Company since April 2006. He is a trader and Fund Manager
      at
      PTS Management, overseeing an automated trading system. From 2002 to 2004,
      Mr.
      Blumen was an executive at Maple Bank, where he was in charge of a proprietary
      trading group. Prior to that, he was a fund manager at Whitebox Partners, a
      hedge fund, where he managed securities in event related strategies. Mr. Blumen
      has extensive capital markets experience in trading, investment banking and
      corporate finance. Mr. Blumen received his MBA from Wharton Business School
      in
      1989, a Sc.M. in Computer Sciences from Brown University in 1987 and his A.B.
      from Brown University in economics in 1985. 

     

     

    
      
        
        

      

      
        6INVESTMENT
      MANAGEMENT TRUST AGREEMENT 

     
      

    This
      Agreement is made as of _________, 2006 by and between Energy Infrastructure
      Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust
      Company (“Trustee”). 

     
      

    WHEREAS,
      the Company’s Registration Statement on Form S-1, File No. 333-131648
      (“Registration Statement”), for its initial public offering of securities
      (“IPO”) has been declared effective as of the date hereof by the Securities and
      Exchange Commission (“Effective Date”); and 

     
      

    WHEREAS,
      the Company has issued securities in a private placement (the “Placement”); and

     
      

    WHEREAS,
      Maxim Group LLC (“Maxim”) is acting as the representative of the underwriters
      (the “Underwriters”) in the IPO and acted as placement agent for the Placement;
      and 

     
      

    WHEREAS,
      as described in the Company’s Registration Statement, (i) in accordance with the
      Company’s Amended and Restated Certificate of Incorporation, $210,571,020 of the
      net proceeds of the IPO ($242,623,520 if the Underwriters’ over-allotment option
      is exercised in full), (ii) in accordance with the Placement Unit Agreement,
      dated as of _______, 2006, among the Company, Maxim and certain purchasers,
      $8,171,435 of the net proceeds of the Placement (together with the IPO proceeds,
      the “Base Deposit”) and $82,540 of the net proceeds of the placement
      representing a portion of Maxim’s placement fees (the “Contingent Fee”), (iii)
      in accordance with the Underwriting Agreement, dated as of ________, 2006,
      between the Company and Maxim, as representative of the Underwriters, an
      additional $2,250,000 ($3,262,500 if the Underwriters’ over-allotment option is
      exercised in full), representing a portion of the Underwriters’ discount (the
“Contingent Discount”), (iv)
      in
      accordance with the terms of the convertible promissory note dated June __,
      2006
      between the Company and ________, an entity incorporated under the laws of
      the
      Cayman Islands (such entity, the “Note Payee” and such note, the “Promissory
      Note”), $3,675,000 ($4,350,000 if the over-allotment option is exercised in
      full;
      in
      either case, such delivered amount, the “Principal Amount” of the Promissory
      Note), and (v) in accordance with the terms of a promissory note in the
      principal amount of $250,000 dated June __, 2006 between Mr. George Sagredos
      and
      the Company (the “Term Note”), $250,000 will
      be
      delivered to the Trustee as of ______ to be deposited and held in a trust
      account for the benefit of the Company, the public holders of the Common Stock,
      par value $.0001 per share, of the Company (“Common Stock”) included in the
      units of the Company’s securities issued in the IPO (the “Units”) and Maxim and
      the Underwriters. 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, the Company and Maxim and the Underwriters will be referred
      to together as the “Beneficiaries”; 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;
      

     
      

    NOW,
      THEREFORE, in consideration of the foregoing and the mutual covenants and
      agreements herein contained, the parties hereto agree as follows: 

     
      

    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 a segregated trust account (“Trust Account”)
      established by the Trustee with Lehman Brothers Inc.; 

     

    
      
        
        

      

      
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    (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 “government securities” within the meaning of
      Section 2(a)(16) of the Investment Company Act of 1940 having a maturity of
      180
      days or less or in any open ended investment company registered under the
      Investment Company Act of 1940 that holds itself out as a money market fund
      meeting the conditions of paragraphs (c)(2), (c)(3) and (c)(4) under Rule 2a-7
      promulgated under the Investment Company Act of 1940; 

     
      

    (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)   
      Promptly notify the Company and Maxim 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 the tax returns
      for the Trust Account or the Company; 

     
      

    (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 and/or Maxim to do so; 

     
      

    (h)
         Render to the Company and to Maxim, 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; 

     

    (i)
         Commence liquidation of the Trust Account upon receipt of the
      Officers Certificate signed by the Chief Executive Officer and Chief Financial
      Officer in accordance with the terms of a letter (“Termination Letter”), in a
      form substantially similar to that attached hereto as Exhibit
      A or
      Exhibit
      B ,
      signed
      on behalf of the Company by its Chief Executive Officer and Chief Financial
      Officer, 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,
      as part
      of the Company’s plan of dissolution and liquidation approved by the Company’s
      stockholders. The directions given by such documents shall include the
      instruction that a distribution to the Note Payee in the amount of
      $3,675,000 ($4,350,000 if the over-allotment option is exercised in full),
      plus
      interest accrued thereon since the date of the most recent prior Note Interest
      Payment Date (as defined in Section 2(c) of this Agreement), at a per annum
      rate
      equivalent to the per annum interest rate applied to funds held in the Trust
      Account since such Note Interest Payment Date, shall be made after the
      distribution to each Public Stockholder of an amount equal to $10.00 for each
      share represented by certificates delivered by such Public Stockholder to the
      Company or the Trustee as prescribed in Paragraph (i) of Section 1(j)
      of this Agreement, but before the distribution to each Public Stockholder of
      the
      remainder, if any, of its ratable share of the Property. The Trustee
      understands and agrees that, except as provided in Section 1(j) and Section
      2
      hereof, disbursements from the Trust Account shall be made only pursuant to
      a
      duly executed Termination Letter, together with the other documents referenced
      herein, including, without limitation, an independently certified oath and
      report of inspector of election in respect of the stockholder vote in favor
      of
      the Business Combination (as hereinafter defined). In all cases, the Trustee
      shall provide Maxim with a copy of any Termination Letters, Officers
      Certificates and/or any other correspondence that it receives with respect
      to
      any proposed withdrawal from the Trust Account promptly after it receives same.
      As used in this Agreement, the term “Business Combination” means the acquisition
      by the Company, through merger, capital stock exchange, asset or stock
      acquisition of, or similar business combination with, one or more entities
      with agreements to acquire vessels or an operating business in the
      refining, terminalling or transportation of energy industry as more fully
      described in the prospectus forming a part of the Registration Statement; and
      

     

    
      
        
        

      

      
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    (j)
      (i)    Subject to the limitations and conditions set
      forth in paragraph (ii) of this section 1(j), as of the date 18
      months from the date of this Agreement (the “LOI Termination Date”) (or 24
      months from the date hereof in the event the Company has executed a Letter
      of
      Intent (defined below) prior to the LOI Termination Date but failed to
      consummate a Business Combination (“Second Termination Date”)), commence
      liquidation of the Trust Account as part of the Company’s plan
      of
      dissolution and liquidation approved by the Company’s stockholders.
      The Trustee, upon consultation with the Company and Maxim, shall deliver a
      notice to Public Stockholders of record as of the LOI Termination Date or Second
      Termination Date, whichever the case may be, by U.S. mail or via the Depository
      Trust Company (“DTC”), within five days of the LOI Termination Date or Second
      Termination Date, to notify the Public Stockholders of such event and take
      such
      other actions as it may deem necessary to inform the Beneficiaries. The Trustee
      shall deliver to each Public Stockholder its ratable share of the Property
      against satisfactory evidence of delivery of the stock certificates by the
      Public Stockholders to the Company through DTC, its Deposit Withdraw Agent
      Commission (DWAC) system or as otherwise presented to the Trustee. 

     

    (ii)  
      Paragraph (i)
      of this
      Section 1(j) shall be subject to the following conditions and limitations:
      

     

    (x)    
      If the Trustee receives a bona fide, executed letter of intent, agreement in
      principle or engagement letter (a “Letter of Intent”) for a Business Combination
      prior to the LOI Termination Date accompanied by an Officers Certificate as
      described in Section 3(e) hereof, then the Trustee shall forego or suspend
      any
      liquidation of the Trust Account until the earlier of a Business Combination
      or
      the Second Termination Date. 

    
       

      (y)    
        If, on the date on which the Trustee is to begin delivery to each Public
        Stockholder of its ratable share of the Property, the Trustee has not received
        notice that the Note Payee has elected to convert its convertible loan
        into common stock of the Company, then the Trustee shall deliver the Property
        according to the following schedule: First,
        it will
        deliver to each Public Stockholder an amount equal to $10.00 for each share
        represented by certificates delivered by such Public Stockholder to the Company
        or the Trustee as prescribed in Paragraph (i)
        of
        Section 1(j) of this Agreement. Second,
        it will
        deliver payment to the Note Payee in the amount of $3,675,000
        ($4,350,000 if the over-allotment option is exercised in full), plus interest
        accrued thereon since the most recent Note Interest Payment Date (as defined
        in
        Section 2(c) of this Agreement) at a per annum rate equivalent to the per
        annum
        interest rate applied to funds held in the Trust Account since such Note
        Interest Payment Date. Third,
        it will
        deliver to each Public Stockholder the remainder, if any, of its ratable
        share
        of the Property.

    

     
      

    2.
 
      Limited
      Distributions of Income on Property .
      

     
      

    (a)
         Upon receipt by the Trustee of an Officer’s Certificate signed by
      the Chief Executive Officer and Chief Financial Officer of the Company
      certifying as true, accurate and complete a copy of any tax return required
      to
      be filed on behalf of the Trust Account in respect of income earned on the
      Property held therein, the Trustee shall deliver to the Company for submission
      to the appropriate taxing authority a check made payable to the order of such
      taxing authority in the amount required to pay such taxes; provided
      ,
      however
      ,
      that in
      no event shall the aggregate amount of all checks issued to taxing authorities
      pursuant to this Section 2(a) exceed the income in respect of which such taxes
      are due and owing. 

     
      

    (b)
         Upon written request from the Company, the Trustee shall distribute
      to the Company an amount equal to up to $3,363,000 ($3,665,000 if the
      Underwriters’ over-allotment option is exercised in full) of the income earned
      on the Base Deposit, net of taxes payable, through the last day of the month
      immediately preceding the date of receipt of the Company’s written request;
      provided, however, that any distribution pursuant to this Section 2(b) shall
      only be used to fund the working capital requirements of the Company and the
      costs related to identifying, researching and acquiring a prospective target
      businesses, including $412,699 payable to Maxim as fees and expenses
      relating to the Placement, in each case as described in the prospectus that
      forms a part of the Registration Statement.

     

    (c)    On
      every March 31, June 30, September 30, and December 31 prior to the LOI
      Termination Date (or, in the event the Company has executed a letter of intent
      prior to the LOI Termination Date but failed to consummate a Business
      Combination, the Second Termination Date; in either case, each such date a
“Note
      Interest Payment Date”), the Trustee shall make payment to the Note Payee of
      interest on the Principal Amount of the Promissory Note accrued during the
      quarterly period ended on such date at a per annum rate equivalent to the per
      annum interest rate applied to funds held in the Trust Account during such
      quarterly period; provided, however, that (i) if the first scheduled interest
      payment represents interest 

    
       

       

      
        
          
          

        

        
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      accrued
        during a period less than one full quarterly period, such payment shall be
        deferred until the date of the next occurring Note Interest Payment Date,
        (ii)
        if interest shall be due on a day that is not a Business Day, it shall be
        payable on the next occurring Business Day; and (iii) no such interest shall
        be
        paid or payable until the expiration of the first full quarter after the
        date on
        which the Company has drawn interest from the Trust Account aggregating to
        $1,000,000. For purposes of this Section 2(c), the term “Business Day” shall
        mean any day other than a Saturday, Sunday or day on which national banks
        in New
        York, New York are not open for business.

       

      (d)
        (i)    
        Subject to the limitations and conditions set forth in paragraphs (ii),
         (iii)
        and
        (iv) of this Section 2(d), upon either the consummation of
        a Business Combination or the LOI Termination Date (or, in the event the
        Company
        has executed a letter of intent prior to the LOI Termination Date but failed
        to
        consummate a Business Combination, the Second Termination Date), the
        Trustee shall deliver payment to the Note Payee in the amount of the Principal
        Amount of the Promissory Note, plus interest accrued thereon, since the date
        of
        the most recent prior Note Interest Payment Date, at a per annum rate equivalent
        to the per annum interest rate applied to funds held in the Trust Account
        since
        such Note Interest Payment Date.

      

      (ii)    
        The Trustee shall not make the payment described in paragraph (i)
        of this
        Section 2(d) if the Trustee has received notice, in the form of a letter
        in
        substantially the form attached hereto as Exhibit D and signed by Mr.
        George Sagredos, of the Note Payee’s desire to convert the Note into shares
        pursuant to the terms of the Note. 

      

      (iii)   
        The Trustee shall not make the payment described in paragraph (i)
        of this
        Section 2(d) unless it has first received a Termination Letter in substantially
        the form attached hereto as Exhibit A or Exhibit B, notifying the Trustee
        that
        the Company has either consummated a Business Combination or adopted a
        stockholder-approved plan of dissolution and liquidation.

       

      (iv)   
        The Trustee shall not make any payment of interest described in paragraph
        (i)
        of this
        Section 2(d) until after the Trustee has done the following: (A) in case
        a
        Business Combination has been consummated, distributed to each Public
        Stockholder that has exercised its right to redeem its IPO Shares as described
        in greater detail in the Registration Statement $10.00 for each IPO share
        redeemed by such stockholder; and (B) in case of a dissolution and liquidation
        of the Company, distributed to each Public Stockholder at least $10.00 for
        each
        IPO Share held by such Public Stockholder.

       

      (e)    
        Upon receipt by the Trustee of a written request from the Company for
        distributions from the Trust Account in connection with a plan of dissolution
        and distribution, accompanied by an Officers Certificate signed by the Chief
        Executive Officer and Chief Financial Officer of the Company certifying as
        true,
        accurate and complete (i) a statement of the amount of actual expenses incurred
        or, where known with reasonable certainty, imminently to be incurred by the
        Company in connection with its dissolution and distribution, including any
        fees
        and expenses incurred or imminently to be incurred by the Company in connection
        with seeking stockholder approval of the Company’s plan of dissolution and
        distribution, and (ii) any amounts due to pay creditors or required to reserve
        for payment to creditors, the Trustee shall distribute to the Company an
        amount
        equal to the income earned on the Property through the last day of the month
        immediately preceding the date of receipt of the Company’s written request;
        provided, however, that any distribution pursuant to this Section 2(e) shall
        only be used to fund the amount of actual expenses incurred or imminently
        to be
        incurred by the Company in connection with its dissolution and liquidation,
        including any fees and expenses incurred or imminently to be incurred by
        the
        Company in connection with seeking stockholder approval of the Company’s plan of
        dissolution and liquidation.

       

       

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      (f)   
        Upon the expiration of the second full quarter after the date on which the
        Trustee has distributed to the Company accrued interest on the Trust Account
        in
        an aggregate amount of at least $1,000,000 to fund the Company’s working capital
        under Section 2(b) above, the Trustee shall deliver from the Trust Account
        to
        the Note Payee (i) $250,000, representing the principal amount of the
        Term Note, and (ii) interest accrued on such amount at the per annum rate
        interest rate applied to funds in the Trust Account during the same period
        that
        such loan is outstanding.

       

      (g)
           Except as provided in this Section 2, no other distributions from
        the Trust Account shall be permitted except in accordance with Sections 1(i)
        and
        1(j) hereof. 

    

     
      

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

     
      

    (a)
         To provide all instructions to the Trustee hereunder in writing,
      signed by the Company’s Chief Executive Officer and Chief Financial Officer. In
      addition, except with respect to its duties under paragraph 1(i) and 1(j) above,
      the Trustee shall be entitled to rely on, and shall be protected in relying
      on,
      any verbal 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 and/or Maxim shall promptly confirm
      such
      instructions in writing; 

     
      

    (b)
         To 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”). The Company shall have the right to conduct and manage the defense
      against such Indemnified Claim, provided that the Company shall obtain the
      consent of the Trustee with respect to the selection of counsel, which
      consent shall not be unreasonably withheld. The Company may not agree to
      settle any Indemnified Claim without the prior written consent of the Trustee.
      The Trustee may participate in such action with its own counsel at its own
      expense; 

     

    (c)
         To pay the Trustee an initial acceptance fee of $1,000 and an
      annual fee of $3,000 (it being expressly understood that the Property shall
      not
      be used to pay such fee). The Company shall pay the Trustee the initial
      acceptance fee and first year’s fee at the consummation of the IPO and
      thereafter on the anniversary of the Effective Date. The Trustee shall refund
      to
      the Company the 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 may be provided in paragraph
      3(b)
      hereof (it being expressly understood that the Property shall not be used to
      make any payments to the Trustee under such paragraph); 

     
      

    (d)
         That, in the event that the Company consummates a Business
      Combination and the Trust Account is liquidated in accordance with Section
      1(i)
      hereof, the Trustee or another independent party designated by Maxim shall
      act
      as the inspector of election to certify the results of the stockholder
      vote;

     
      

    (e)
         That the Officers Certificate referenced in Sections 1(i) and 1(j)
      hereof shall require the Company’s Chief Executive Officer and Chief Financial
      Officer to each certify the following (wherever applicable): (1) prior to the
      LOI Termination Date, the Company has entered into a bona fide Letter of Intent
      with a target business; and/or (2) prior to the LOI Termination Date, the
      Company has entered into a Business Combination with a target business, the
      terms of which are consistent with the requirements set forth in the
      Registration Statement; and/or (3) prior to the Second Termination Date, the
      Company has entered into a Business Combination with a target business, the
      terms of which are consistent with the requirements set forth in the
      Registration Statement; and (4) the Board of Directors (the “Board”) pursuant to
      the unanimous written consent of the Board has approved (where applicable):
      (i)
      the Letter of Intent; and/or (ii) the Business Combination. A copy of such
      consent and the Letter of Intent and/or the definitive agreement relating to
      the
      Business Combination so approved shall be attached as an exhibit to the Officers
      Certificate;

     

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

       

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

    

    
       

      (g)
        In
        connection with any vote of the Company’s stockholders regarding a dissolution
        and liquidation, to provide to the Trustee an affidavit or certificate of
        a firm
        regularly engaged in the business of tabulating stockholder votes (which
        firm
        may be the Trustee) verifying the vote of the Company’s stockholders regarding
        such dissolution and liquidation;

       

      (h)
        Within five business days after the Underwriters’ over-allotment option (or any
        unexercised portion thereof) expires or is exercised in full, to provide
        the
        Trustee notice in writing (with a copy to the Underwriters) of the total
        amount
        of the Contingent Fee and Contingent Discount, which shall in no event be
        less
        than $2,332,540; and

       

      (i)
        To
        promptly notify the Trustee of any decision by the Note Payee to
        convert its convertible loan into shares of Common Stock by forwarding to
        the
        Trustee a letter in substantially the form attached hereto as Exhibit D at
        least
[ two full ] business days before such conversion
        occurs.

    

     
      

    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 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 it 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 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. The Trustee may rely conclusively and shall
      be
      protected in acting upon any order, 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 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; 

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     
      

    (g)
         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; and 

     
      

    (h)
         Pay any taxes on behalf of the Trust Account (it being expressly
      understood that the Trustee’s sole obligation with respect to taxes shall be to
      issue the checks with respect thereto provided for by Section 2(a) hereof).
      

     
      

    5.
 
      Certain
      Rights Of Trustee .
      

     
      

    (a)
         Before the Trustee acts or refrains from acting, it may require an
      Officers Certificate or opinion of counsel or both. The Trustee shall not be
      liable for any action it takes or omits to take in good faith in reliance on
      such Officers Certificate or opinion of counsel. The Trustee may consult with
      counsel and the advice of such counsel or any opinion of counsel shall be full
      and complete authorization and protection from liability in respect of any
      action taken, suffered or omitted by it hereunder in good faith and in reliance
      thereon. 

     
      

    (b)
         The Trustee may act through its attorneys and agents and shall not
      be responsible for the misconduct or negligence of any agent appointed with
      due
      care. 

     
      

    (c)
         The Trustee shall not be liable for any action it takes or omits to
      take in good faith that it believes to be authorized or within the rights or
      powers conferred upon it by this Agreement.  
      

     

    (d)
         The Trustee shall not be responsible for and makes no
      representation as to the validity or adequacy of this Agreement; it shall not
      be
      accountable for the Company’s use of the proceeds from the Trust Account.
      Notwithstanding the effective date of this Agreement or anything to the contrary
      contained in this Agreement, the Trustee shall have no liability or
      responsibility for any act or event relating to this Agreement or the
      transactions related thereto which occurs prior to the date of this Agreement,
      and shall have no contractual obligations to the Beneficiaries until the date
      of
      this Agreement. 

     
      

    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 continue to
      act
      in accordance with the terms of 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, but shall not be obligated to, 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; 

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     
      

    (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);
      or

     
      

    (c)
         At such time that the Trustee has completed the liquidation of the
      Trust Account and distributed the Property in accordance with Sections 1(i)
      and
      1(j) hereof, 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. 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
      C .
      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
      account numbers or other identifying numbers of a beneficiary, beneficiary’s
      bank or intermediary bank, rather than names. The Trustee shall not be liable
      for any loss, liability or expense resulting from any error in an account number
      or other identifying number, provided it has accurately transmitted the numbers
      provided. 

     
      

    (b)
         This Agreement shall be governed by and construed and enforced in
      accordance with the laws of the State of Delaware, without giving effect to
      conflict of laws. It may be executed in several counterparts, each one of which
      shall constitute an original, and together shall constitute but one instrument.
      Facsimile signatures shall constitute original signatures for all purposes
      of
      this Agreement. 

     
      

    (c)
         This Agreement contains the entire agreement and understanding of
      the parties hereto with respect to the subject matter hereof. This Agreement
      or
      any provision hereof may only be changed, amended or modified by a writing
      signed by each of the parties hereto; provided, however, that no such change,
      amendment or modification may be made without the prior written consent of
      Maxim, who, along with each other Underwriter, the parties specifically
      agree, is and shall be a third party beneficiary for purposes of this
      Agreement; and provided further, any amendment to Section 1(j) shall require
      the
      consent of all of the Public Stockholders. As to any claim, cross-claim or
      counterclaim in any way relating to this Agreement, each party waives the right
      to trial by jury.  
      

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    (d)
         The parties hereto consent to the jurisdiction and venue of any
      state or federal court located in the State and County of New York for purposes
      of resolving any disputes hereunder. The parties hereto irrevocably submit
      to
      such jurisdiction, which jurisdiction shall be exclusive, and hereby waive
      any
      objection to such exclusive jurisdiction and accept such venue, and waive any
      objection that such courts represent an inconvenient forum. 

     
      

    (e)
         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:
      

     
      

    if
      to the
      Trustee, to: 

    

    Continental
      Stock Transfer & Trust Company 

    17
      Battery Place 

    New
      York,
      New York 10004 

    Attn:
      

    Fax
      No.:

     

    if
      to the
      Company, to: 

     
      

    Energy
      Infrastructure Acquisition Corp. 

    641 Fifth
      Avenue

    New
      York,
      New York 10022 

    Attn:
      Marios Pantazopoulos

    Fax
      No.:

     
      

    in
      either
      case with a copy to: 

     
      

    Maxim
      Group LLC 

    405
      Lexington Avenue 

    New
      York,
      New York 10174 

    Attn:
      Clifford A. Teller 

    Fax
      No.:
      (212) 895-3783 

     
      

    and
      

     
      

    Ellenoff,
      Grossman & Schote LLP 

    370
      Lexington Avenue 

    New
      York,
      New York 10017 

    Attn:
      Douglas S. Ellenoff 

    Fax
      No.:
      (212) 370-7889 

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     
      

    and
      

     
      

    Loeb
      & Loeb LLP 

    345
      Park
      Avenue 

    New
      York,
      New York 10154 

    Attn:
      Mitchell S. Nussbaum 

    Fax
      No.:
      (212) 407-4990 

     
      

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

     
      

    (g)
         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. 

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     
      

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

     
      

     
      

    CONTINENTAL
      STOCK TRANSFER & TRUST COMPANY, as Trustee 

     
      

    By:
      ______________________________________ 

    Name:
        

    Title:
          

     
      

    ENERGY
      INFRASTRUCTURE ACQUISITION CORP. 

     
      

    By:_______________________________________
             

    Name:
      Marios Pantazopoulos 

    Title:
      Chief Financial Officer

     
      

    

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      A 

    [Letterhead
      of Company] 

     
      

    [Insert
      date] 

     
      

    Continental
      Stock Transfer 

    &
      Trust Company 

    17
      Battery Place 

    New
      York,
      New York 10004 

     
      

    Attn:
      

     
      

    Re:
        Trust
      Account No. [ ] Termination Letter 

     
      

    Gentlemen:
      

     
      

    Pursuant
      to Section 1(i) of the Investment Management Trust Agreement between Energy
      Infrastructure Acquisition Corp. (“Company”) and Continental Stock Transfer
& Trust Company (“Trustee”), dated as of __________, 2006 (“Trust
      Agreement”), this is to advise you that the Company has entered into an
      agreement (“Business Agreement”) with __________________ (“Target Business”) to
      consummate a business combination with Target Business (“Business Combination”)
      on or about [_______]. The Company shall notify you at least 48 hours in advance
      of the actual date of the consummation of the Business Combination
      (“Consummation Date”). Capitalized words used herein and not otherwise defined
      shall have the meanings ascribed to them in the Trust Agreement. 

     

    In
      accordance with paragraph 2 of Article 6 of the Amended and Restated Certificate
      of Incorporation of the Company, the Business Combination has been approved
      by
      the stockholders of the Company and by the Public Stockholders holding a
      majority of the IPO Shares, and Public Stockholders holding less than 30% of
      the
      IPO Shares and shares issued in the Placement have voted against the Business
      Combination and given notice of exercise of their conversion rights described
      in
      paragraph 3 of Article 6 of the Amended and Restated Certificate of
      Incorporation of the Company. Pursuant to Section 2(e) of the Trust Agreement,
      we are providing you with [ an affidavit ] [ a certificate ] of __________,
      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 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 shall deliver to you written
      notification that the Business Combination has been consummated or will,
      concurrently with your transfer of funds to the accounts as directed by the
      Company, be consummated, 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. 

     
      

    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, 
	 	 	 
	 	ENERGY
              INFRASTRUCTURE ACQUISITION CORP. 
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Marios
              Pantazopoulos
	 	Chief
              Financial Officer 

    

     

    Cc:
      Maxim Group LLC

          

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    EXHIBIT
      B 

     
      

    [Letterhead
      of Company] 

     
      

    [Insert
      date] 

     
      

    Continental
      Stock Transfer 

    &
      Trust Company 

    17
      Battery Place 

    New
      York,
      New York 10004 

     
      

    Attn:
      

     

    Re:
        Trust
      Account No. [ ] Termination Letter 

     
      

    Gentlemen:
      

     
      

    Pursuant
      to paragraphs 1(i) and 2(e) of the Investment Management Trust Agreement between
      Energy Infrastructure Acquisition Corp. (“Company”) and Continental Stock
      Transfer & Trust Company (“Trustee”), dated as of _____________, 2006
      (“Trust Agreement”), this is to advise you that the Board of Directors of the
      Company and the stockholders of the Company have voted to dissolve the
      Company and liquidate the Trust Account (as defined in the Trust Agreement).
      Attached hereto is a copy of the minutes of the meeting of the Board of
      Directors of the Company relating thereto, certified by the Secretary of the
      Company as true and correct and in full force and effect. 

     
      

    In
      accordance with the terms of the Trust Agreement, we hereby authorize you to
      commence liquidation of the Trust Account as
      part
      of the Company’s plan of dissolution and liquidation. In connection with this
      liquidation, you are hereby authorized to establish a record date for the
      purposes of determining the stockholders of record entitled to receive their
      per
      share portion of the Trust Account. The record date shall be within ten (10)
      days of the liquidation date, or as soon thereafter as is
      practicable.
      You will notify the Company in writing as to when all of the funds
      in the Trust Account will be available for immediate transfer (“Transfer Date”)
      in accordance
      with the terms of the Trust Agreement and the Amended and Restated Certificate
      of Incorporation of the Company. You shall commence distribution of such
      funds in accordance with the terms of the Trust Agreement and the Amended
      and Restated Certificate of Incorporation of the Company and you shall
      oversee the distribution of such funds. Upon the payment of all the funds in
      the
      Trust Account, the Trust Agreement shall be terminated. 

     
      

    
      	 	Very truly yours, 
	 	 	 
	 	ENERGY
              INFRASTRUCTURE ACQUISITION CORP. 
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Marios
              Pantazopoulos
	 	Chief
              Financial Officer 

    

     

    Cc:
      Maxim
      Group LLC

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      C 

    

    
      	
              AUTHORIZED
                INDIVIDUAL(S) 

              FOR
                TELEPHONE CALL BACK 

            	
               
                

            	
              AUTHORIZED
                

              TELEPHONE
                NUMBER(S) 

            
	
               
                

            	
               
                

            	
               
                

            
	
               
                

            	
               
                

            	
               
                

            
	
              Company:
                

            	
               
                

            	
               
                

            
	
               
                

            	
               
                

            	
               
                

            
	
              Energy
                Infrastructure Acquisition Corp. 

              641 Fifth
                Avenue

              New
                York, New York 10022 

              Attn:
                Marios Pantazopoulos, Chief Financial Officer 

            	
               
                

            	
               
                

               
                

              ()
                

            
	
               
                

            	
               
                

            	
               
                

            
	
              Maxim

              405
                Lexington Avenue

              New
                York, New York 10022

              Attn:
                Clifford A. Teller 

            	 	 
	 	 	 
	
              Trustee:
                

            	
               
                

            	
               
                

            
	
               
                

            	
               
                

            	
               
                

            
	
              Continental
                Stock Transfer & Trust Company 

              17
                Battery Place 

              New
                York, New York 10004 

              Attn:
                

            	
               
                

            	
               
                

            

    

    

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

     

    
      EXHIBIT
        D 

      

      [Letterhead
        of Company] 

      

      [Insert
        date] 

       
        

      Continental
        Stock Transfer 

      &
        Trust Company 

      17
        Battery Place 

      New
        York,
        New York 10004 

       
        

      Attn:
        

      Re:
          Trust
        Account No. [ ] Conversion of Loan Letter 

       
        

      Gentlemen:
        

       
        

      Pursuant
        to Section 1(i) of the Investment Management Trust Agreement between Energy
        Infrastructure Acquisition Corp. (“Company”) and Continental Stock Transfer
& Trust Company (“Trustee”), dated as of June _, 2006 (the “Trust
        Agreement”), __________, hereby advises you that it desires to convert the
        principal amount of its Promissory Note executed on June ___, 2006 by and
        between the Company and _________, $3,3675,000 ($4,350,000 if the over-allotment
        option was exercised in full), into shares of common stock of the Company
        under
        the terms of the Promissory Note. 

       
        

      In
        accordance with the terms of the Trust Agreement, we hereby acknowledge that
        delivery of the shares of common stock as set forth in the terms of the note
        is
        to be made in lieu of repayment of the Principal Amount of the Promissory
        Note,
        and that upon receipt of such shares in accordance with such
        terms, ___________ will no longer be entitled to repayment of the Principal
        Amount of the Promissory Note. 

       

      
        
          	 	Very truly yours, 
	 	 	 
	 	________________
	 	 	 
	 	By:  	 
	 	
                  
                    

                  

                  George Sagredos

                  [                        
                    ]

                
	 	 

        

         

      

       

      
        
          
          

        

        
          15

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