Document:

EXHIBIT
      4.2

    

    NUMBER

    SHARES

    

    (Face
      of
      Certificate - LAMBERT’S COVE ACQUISITION CORPORATION)

    

    COMMON
      STOCK

    

    [LAC]

    

    LAMBERT’S
      COVE ACQUISITION CORPORATION

    

    

    INCORPORATED
      UNDER THE LAWS OF THE STATE OF DELAWARE 

    

    SEE
      REVERSE FOR CERTAIN DEFINITIONS 

    

    CUSIP
      [                
 ]

    

    

    This
      Certifies that

    

    is
      the
      owner of 

    

    FULLY
      PAID AND NON-ASSESSABLE SHARES, PAR VALUE OF $.0001 PER SHARE, OF THE COMMON
      STOCK OF

     

    LAMBERT’S
      COVE ACQUISITION CORPORATION

     

    transferable
      on the books of LAMBERT’S COVE ACQUISITION CORPORATION (the “Company”) in person
      or by duly authorized attorney upon surrender of this certificate properly
      endorsed. The Company will be forced to liquidate if it is unable to complete
      a
      business combination by [ ], 2010 or [ ], 2011 in the event the Company’s
      stockholders approve the extended period, as more fully described in the
      Company’s final prospectus dated [ ], 2008. This certificate is not valid unless
      countersigned by the Transfer Agent and registered by the Registrar. Witness
      the
      seal of the Corporation and the facsimile signatures of its duly authorized
      officers.

     

    

    Dated:
      

    

    LAMBERT’S
      COVE ACQUISITION CORPORATION

    CORPORATE

    STATE
      OF
      DELAWARE

    SEAL

    2008

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    AUTHORIZED
      OFFICER 

    

    

    (Signature)

    CHIEF
      EXECUTIVE OFFICER 

    

    

    (Seal)

    

    (Signature)

    SECRETARY
      

    

    

    COUNTERSIGNED
      AND REGISTERED: 

    CONTINENTAL
      STOCK TRANSFER & TRUST COMPANY 

    TRANSFER
      AGENT AND REGISTRAR 

    BY:
      

    

     

    (Reverse
      of Certificate)

    

    

    LAMBERT’S
      COVE ACQUISITION CORPORATION

    

    The
      Corporation will furnish without charge to each stockholder who so requests,
      the
      powers, designations, preferences and relative participating, optional or other
      special rights of each class of stock or series thereof of the Corporation
      and
      the qualifications, limitations, or restrictions of such preferences and/or
      rights. This certificate and the shares represented hereby are issued and shall
      be held subject to all the provisions of the Certificate of Incorporation and
      all amendments thereto and resolutions of the Board of Directors providing
      for
      the issue of shares of Common Stock (copies of which may be obtained from the
      secretary of the Corporation), to all of which the holder of this certificate
      by
      acceptance hereof assents.

    

    The
      following abbreviations, when used in the inscription on the face of this
      certificate, shall be construed as though they were written out in full
      according to applicable laws or regulations: 

    

    TEN
      COM —
as tenants in common

    TEN
      ENT —
as tenants by the entireties 

    JT
      TEN —
as joint tenants with right of survivorship and not as tenants in
      common

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    UNIF
      GIFT
      MIN ACT — ......................... Custodian
      .........................

                                                      
      (Cust)    (Minor)

     

    under
      Uniform Gifts to Minors Act
      ..............................................................

                       
      (State)

    

    Additional
      abbreviations may also be used though not in the above list. 

    

    For
      value
      received          ,
      hereby
      sell(s), assign(s) and transfer(s) unto

     

    PLEASE
      INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

    

     

      
        

      

    

    (PLEASE
      PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

     

     

    
      
        

      

    

    shares
      of
      the capital stock represented by the within Certificate, and do hereby
      irrevocably constitute and appoint 

    

     

      
        

      

    

    Attorney
      to transfer the said stock on the books of the within named Company with full
      power of substitution in the premises.

    

    Dated:
      

    

    

     

    NOTICE:
      THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON
      THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR
      ENLARGEMENT OR ANY CHANGE WHATEVER.

     

    Signature(s)
      Guaranteed: 

    

    

    By            

    THE
      SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS,
      STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP
      IN
      AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE
      17Ad-15).

     

    The
      holder of this certificate shall be entitled to receive a pro-rata portion
      of
      funds from the trust account only in the event that the Company is liquidated
      because it does not consummate an acquisition through a merger, capital stock
      exchange, asset or stock acquisition, exchangeable share transaction, joint
      venture or other similar businesses combination with one or more operating
      businesses or assets ( a “Business Combination”) or the holder seeks to redeem
      his, her or its respective shares into cash in connection with a proposed
      extension of the Company’s existence to [______], 2011 [THIRTY-SIX MONTHS FROM
      THE DATE OF THE FINAL PROSPECTUS RELATING TO THE COMPANY’S INITIAL PUBLIC
      OFFERING] or a business combination which he, she or it voted against and which
      is actually approved and, in the case of a Business Combination, completed
      by
      the Company. In no other circumstances shall the holder have any right or
      interest of any kind in or to the trust account.Exhibit
      10.11

    

    SUBSCRIPTION
      AGREEMENT

     

    SUBSCRIPTION
      AGREEMENT (this “Agreement”) made as of this 11th
      day of
      March, 2008 for the benefit of Lambert’s Cove Acquisition Corporation, a
      Delaware corporation (the “Company”), having its principal place of business at
      817 West Peachtree, Suite 550, Atlanta, Georgia 30308 by Lambert’s Cove
      Holdings, LLC (“Subscriber”).

    

    WHEREAS,
      the Company desires to sell on a private placement basis (the “Offering”) an
      aggregate of 3,050,000 warrants (the “Warrants”) of the Company for a purchase
      price of $1.00 per Warrant. Each Warrant is exercisable to purchase one share
      of
      the Company’s common stock, par value $0.0001 per share (the “Common Stock”), at
      an exercise price of $7.50 per share during the period commencing on the later
      of: (i) the date that is 12 months from the date of the final prospectus
      relating to the Company’s IPO (as defined below) and (ii) the date on which the
      Company completes its Business Combination (as defined in Section 5 below),
      and
      ending on the earlier of: (i) the date that is five years from the date of
      the
      Company’s final prospectus for the Company’s IPO and (ii) the Business Day (as
      defined below) preceding the date on which such Warrants are redeemed or
      otherwise expire. For purposes of this Agreement, “Business Day” means any day
      on which the Continental Stock Exchange is open for trading and which is
      not a Saturday, a Sunday or any other day on which banks in the City of New
      York, New York, are authorized or required by law to close; and

    

    WHEREAS,
      Subscriber wishes to purchase the Warrants and the Company wishes to accept
      such
      subscription. 

     

    NOW,
      THEREFORE, in consideration of the premises and the mutual covenants hereinafter
      set forth and other good and valuable consideration, the receipt and sufficiency
      of which are hereby acknowledged, the Company and Subscriber hereby agree as
      follows

    

    1.
 
      Agreement
      to Subscribe

    

    1.1. Purchase
      and Issuance of the Warrants.
      Upon
      the terms and subject to the conditions of this Agreement, Subscriber hereby
      agrees to purchase from the Company, and the Company hereby agrees to sell
      to
      the Subscriber, on the Closing Date, the Warrants for an aggregate purchase
      price of $3,050,000 (the “Purchase Price”).

    

    1.2. Delivery
      of the Purchase Price.
      Upon
      execution of this Agreement, the undersigned is hereby bound to fulfill its
      obligations hereunder and hereby irrevocably commits to deliver into a trust
      account (the “Trust Account”) at a financial institution to be chosen by the
      Company, maintained by Continental Stock Transfer & Trust Company,
      acting as trustee, on the Closing Date (as defined below), the Purchase Price
      in
      immediately available funds by certified bank check, wire transfer or such
      other
      form of payment as shall be acceptable to the Trustee, in its sole and absolute
      discretion, at the Closing.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    1.3. Closing.
      The
      closing (the “Closing”) of the Offering, shall take place at the offices of the
      Company, immediately prior to the effective date of the registration statement
      pursuant to which the Company proposes to register its initial public offering
      (the “IPO”) of 10,000,000 units of Common Stock and Warrants (the “Closing
      Date”).

     

    2.
 
      Representations
      and Warranties of the Subscriber

    

    Subscriber
      represents and warrants to the Company that:

    

    2.1. No
      Government Recommendation or Approval.
      Subscriber understands that no United States federal or state agency has passed
      upon or made any recommendation or endorsement of the Company or the Offering
      of
      the Warrants or the Common Stock underlying the Warrants (the “Warrant Shares”
and, collectively with the Warrants, the “Securities”).

    

    2.2. Regulation
      D Offering.
      Subscriber represents that it is an “accredited investor” as such term is
      defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as
      amended (the “Securities Act”) and acknowledges the sale contemplated hereby is
      being made in reliance on a private placement exemption to “accredited
      investors” within the meaning of Section 501(a) of Regulation D under the
      Securities Act or similar exemptions under state law and, accordingly, such
      securities will be “restricted securities” within the meaning of Rule 144(a)(3)
      under the Securities Act, and therefore may not be offered, pledged or sold
      by
      him, directly or indirectly, in the United States without registration under
      United States federal and state securities laws and Subscriber understands
      the
      certificates representing such securities will contain a legend in respect
      of
      such restrictions. 

    

    2.3. Intent.
      Subscriber is purchasing the Warrants solely for investment purposes, for the
      Subscriber’s own account and not for the account or benefit of any U.S. Person,
      and not with a view towards the distribution thereof and Subscriber has no
      present arrangement to sell the Securities to or through any person or entity.
      Subscriber shall not engage in hedging transactions with regard to the Warrants
      and the underlying securities unless in compliance with the Securities
      Act.

    

    2.4. Restrictions
      on Transfer.
      Subscriber acknowledges and understands the Warrants are being offered in a
      transaction not involving a public offering in the United States within the
      meaning of the Securities Act. The Securities have not been registered under
      the
      Securities Act, and, if in the future the Subscriber decides to offer, resell,
      pledge or otherwise transfer the Securities, such Securities may be offered,
      resold, pledged or otherwise transferred only (i) pursuant to an effective
      registration statement filed under the Securities Act, (ii) pursuant to an
      exemption from registration under Rule 144 promulgated under the Securities
      Act,
      if available, or (iii) pursuant to any other available exemption from the
      registration requirements of the Securities Act, and in each case in accordance
      with any applicable securities laws of any state or any other jurisdiction.
      Subscriber agrees that if any transfer of its Securities or any interest therein
      is proposed to be made, as a condition precedent to any such transfer,
      Subscriber may be required to deliver to the Company an opinion of counsel
      satisfactory to the Company. Absent registration or another available exemption
      from registration, the Subscriber agrees it will not resell the Securities.
      Subscriber explicitly understands and acknowledges the Securities and Exchange
      Commission (the “SEC”) has taken the position the Subscriber would be considered
      a promoter under the Securities Act and that promoters or affiliates of a blank
      check company and their transferees, both before and after a business
      combination, would act as “underwriters” under the Securities Act when reselling
      the securities of that blank check company. Accordingly, Rule 144 promulgated
      under the Securities Act will not be available to the Subscriber for the resale
      of the Securities despite technical compliance with the requirements of Rule
      144, in which event the resale transactions would need to be made through a
      registered offering. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    2.5. Sophisticated
      Investor.

    

    (i)
         Subscriber is sophisticated in financial matters and is able to
      evaluate the risks and benefits of the investment in the
      Securities.

    

    (ii)
         Subscriber is aware that an investment in the Warrants is highly
      speculative and subject to substantial risks because, among other things, none
      of the Securities have been registered under the Securities Act and therefore
      cannot be sold unless subsequently registered under the Securities Act or an
      exemption from such registration is available. Subscriber is able to bear the
      economic risk of its investment in the Securities for an indefinite period
      of
      time. Notwithstanding the foregoing, Subscriber further understands and
      acknowledges the SEC has taken the position that the Subscriber is considered
      a
      promoter under the Securities Act and that promoters or affiliates of a blank
      check company and their transferees, both before and after a Business
      Combination, would act as an “underwriter” under the Securities Act when
      reselling the securities of that blank check company. Accordingly, Rule 144
      promulgated under the Securities Act would not be available for the resale
      of
      the Securities despite technical compliance with the requirements of Rule 144,
      in which event the resale transactions would need to be made through a
      registered offering.

    

    2.6.
        Independent
      Investigation.
      Subscriber, in making the decision to purchase the Warrants, has relied upon
      an
      independent investigation of the Company and has not relied upon any information
      or representations made by any third parties or upon any oral or written
      representations or assurances from the Company, its officers, directors or
      employees or any other representatives or agents of the Company, other than
      as
      set forth in this Agreement. Subscriber is familiar with the business,
      operations and financial condition of the Company and has had an opportunity
      to
      ask questions of, and receive answers from, the Company’s officers and directors
      concerning the Company and the terms and conditions of the offering of the
      Warrants and has had full access to such other information concerning the
      Company as the Subscriber has requested. Subscriber confirms that all documents
      that it has requested have been made available and that the Subscriber has
      been
      supplied with all of the additional information concerning this investment
      which
      Subscriber has requested.

    
       

    

    2.7. Authority.
      This
      Agreement has been validly authorized, executed and delivered by Subscriber
      and
      is a valid and binding agreement enforceable in accordance with its terms,
      subject to the general principles of equity and to bankruptcy or other laws
      affecting the enforcement of creditors’ rights generally. The execution,
      delivery and performance of this Agreement
      by Subscriber does not and will not conflict with, violate or cause a breach
      of
      any agreement, contract or instrument to which Subscriber is a
      party.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    2.8. No
      Legal Advice from Company.
      Subscriber acknowledges it has had the opportunity to review this Agreement
      and
      the transactions contemplated by this Agreement and the other agreements entered
      into between the parties hereto with the Subscriber’s own legal counsel and
      investment and tax advisors. Except for any statements or representations of
      the
      Company made in this Agreement and the other agreements entered into between
      the
      parties hereto, Subscriber is relying solely on such counsel and advisors and
      not on any statements or representations of the Company or any of its
      representatives or agents for legal, tax or investment advice with respect
      to
      this investment, the transactions contemplated by this Agreement or the
      securities laws of any jurisdiction.

     

    2.9.
        Reliance
      on Representations and Warranties.
      Subscriber understands the Warrants are being offered and sold to Subscriber
      in
      reliance on exemptions from the registration requirements under the Securities
      Act, and analogous provisions in the laws and regulations of various states,
      and
      that the Company is relying upon the truth and accuracy of the representations,
      warranties, agreements, acknowledgments and understandings of the Subscriber
      set
      forth in this Agreement in order to determine the applicability of such
      provisions.  

    

    2.10. No
      General Solicitation or Advertising.
      The
      Subscriber did not enter into this Agreement as a result of any general
      solicitation or general advertising within the meaning of Rule 502 under the
      Securities Act.

    

    2.11. Legend.
      Subscriber acknowledges and agrees the certificates evidencing the Warrants
      and
      the Warrant Shares shall bear a restrictive legends (the “Legends”), in form and
      substance as set forth in Section 4 hereof, prohibiting the offer, sale, pledge
      or transfer of the securities, except (i) pursuant to an effective registration
      statement covering these securities under the Securities Act or (ii) pursuant
      to
      any other exemptions from the registration requirements under the Securities
      Act
      and such laws which, in the opinion of counsel for this Company, is
      available.

     

    3.
 
       Representations
      and Warranties of the Company

    

    The
      Company represents and warrants to Subscriber that:

    

    3.1.
         Valid
      Issuance of Capital Stock.
      The
      total number of shares of all classes of capital stock which the Company will
      have authority to issue is 75,000,000 shares of Common Stock and 1,000,000
      shares of Preferred Stock. As of the date hereof, the Company has 2,875,000
      shares of Common Stock and no shares of Preferred Stock issued and outstanding.
      All of the issued shares of capital stock of the Company have been duly
      authorized, validly issued, and are fully paid and non-assessable.

    

    3.2.
       Organization
      and Qualification.
      The
      Company is a corporation duly incorporated and existing in good standing under
      the laws of the state of Delaware and has the requisite corporate
      power to own its properties and assets and to carry on its business as now
      being
      conducted.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    3.3.
         Authorization;
      Enforcement.
      (i) The
      Company has the requisite corporate power and authority to enter into and
      perform its obligations under this Agreement and to issue the Warrants and
      the
      underlying securities in accordance with the terms hereof, (ii) the execution,
      delivery and performance of this Agreement by the Company and the consummation
      by it of the transactions contemplated hereby have been duly authorized by
      all
      necessary corporate action, and no further consent or authorization of the
      Company or its Board of Directors or stockholders is required, and (iii) this
      Agreement constitutes valid and binding obligations of the Company enforceable
      against the Company in accordance with its terms, except as such enforceability
      may be limited by applicable bankruptcy, insolvency, fraudulent conveyance,
      moratorium, reorganization, or similar laws relating to, or affecting generally
      the enforcement of, creditors’ rights and remedies or by equitable principles of
      general application and except as enforcement of rights to indemnity and
      contribution may be limited by federal and state securities laws or principles
      of public policy.

      

    3.4.
        No
      Conflicts.
      The
      execution, delivery and performance of this Agreement and the consummation
      by
      the Company of the transactions contemplated hereby do not (i) result in a
      violation of the Company’s Certificate of Incorporation or Bylaws or (ii)
      conflict with, or constitute a default under any agreement, indenture or
      instrument to which the Company is a party. Other than any SEC or state
      securities filings which may be required to be made by the Company subsequent
      to
      the Closing, and any registration statement which may be filed pursuant thereto,
      the Company is not required under federal, state or local law, rule or
      regulation to obtain any consent, authorization or order of, or make any filing
      or registration with, any court or governmental agency or self-regulatory entity
      in order for it to perform any of its obligations under this Agreement or issue
      the Common Stock in accordance with the terms hereof.

    

    4. Legends

    

    4.1.
         Legend.
      The
      Company will issue the Warrants, and when issued, the Warrant Shares, purchased
      by the Subscriber in the name of the Subscriber. The Warrants will bear the
      following Legend and appropriate “stop transfer” instructions:

    

    THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE (INCLUDING THE SHARES OF COMMON
      STOCK
      OF THE COMPANY ISSUABLE UPON EXERCISE OF SUCH SECURITIES) HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES
      LAWS, AND MAY NOT BE OFFERED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE
      STATE SECURITIES LAWS OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE. IN
      ADDITION, THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN
      TRANSFER RESTRICTIONS SET FORTH IN A WARRANT AGREEMENT AND UNDER AN ESCROW
      AGREEMENT. SECURITIES EVIDENCED BY THIS CERTIFICATE AND SHARES OF COMMON STOCK
      OF THE COMPANY ISSUABLE UPON EXERCISE OF SUCH SECURITIES WILL BE ENTITLED TO
      REGISTRATION RIGHTS UNDER A REGISTRATION RIGHTS AGREEMENT.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    The
      Warrant Shares shall bear the following Legend and appropriate “stop transfer”
instructions

    

    “THE
      SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
      ACT
      OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS AND
      NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD,
      TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE
      REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR SUCH LAWS OR AN EXEMPTION
      FROM REGISTRATION UNDER THE SECURITIES ACT AND SUCH LAWS WHICH, IN THE OPINION
      OF COUNSEL FOR THIS CORPORATION, IS AVAILABLE.”

    

    SECURITIES
      EVIDENCED BY THIS CERTIFICATE WILL BE ENTITLED TO REGISTRATION RIGHTS UNDER
      A
      REGISTRATION RIGHTS AGREEMENT TO BE EXECUTED BY THE COMPANY.

    

    “THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS AND
      CONDITIONS CONTAINED IN A SECURITIES ESCROW AGREEMENT (THE “AGREEMENT”) AND MAY
      NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED DURING THE
      TERM
      OF THE ESCROW PERIOD (AS DEFINED IN THE AGREEMENT).”

    

    4.2.
         Subscriber’s
      Compliance.
      Nothing
      in this Section 4 shall affect in any way the Subscribers’ obligations and
      agreements to comply with all applicable securities laws upon resale of the
      Securities.

    

    4.3.
        Company’s
      Refusal to Register Transfer of the Securities.
      The
      Company shall refuse to register any transfer of the Securities, if in the
      sole
      judgment of the Company such purported transfer would not be made (i) pursuant
      to an effective registration statement filed under the Securities Act, or (ii)
      pursuant to an available exemption from the registration requirements of the
      Securities Act.

    

    5. Escrow.
      On the
      date of the final prospectus relating to the IPO, the holders of the Warrants
      shall enter into a securities escrow agreement (the “Escrow Agreement”)
      with Continental Stock Transfer & Trust Company, whereby the Warrants
      shall be held in escrow until 30 days following the consummation by the Company
      of a Business Combination or earlier upon the consummation of a transaction
      after the Company’s Business Combination that results in all of the Company’s
      stockholders at the time of the transaction having the right to exchange their
      shares of Common Stock for cash, securities or other property.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      
        6.    
          Securities
          Laws Restrictions.

      

    

    
       

        In
          addition to the restrictions contained in the Escrow Agreement and the
          warrant
          agreement to be entered into between Continental Stock Transfer & Trust
          Company and the Company upon the consummation of the IPO, Subscriber agrees
          not
          to sell, transfer, pledge, hypothecate or otherwise dispose of all or any
          part
          of the Securities unless, prior thereto (i) a registration statement on
          the
          appropriate form under the Securities Act and applicable state securities
          laws
          with respect to the Securities proposed to be transferred shall then be
          effective or (ii) the Company shall have received an opinion from counsel
          reasonably satisfactory to the Company, that such registration is not required
          because such transaction complies with the Securities Act and the rules
          promulgated by the Securities and Exchange Commission thereunder and with
          all
          applicable state securities laws.

      

    

    

    7.
 
       Waiver
      of Liquidation Distributions.

    

    In
      connection with the Securities purchased pursuant to this Agreement, and with
      respect to any Common Stock purchased by Subscriber prior to the private
      placement, Subscriber hereby waives any and all right, title, interest or claim
      of any kind in or to any liquidating distributions by the Company in the event
      of a liquidation of the Company upon the Company’s failure to timely complete a
      Business Combination. For purposes of clarity, in the event Subscriber purchases
      shares of Common Stock in the IPO or in the aftermarket, any additional shares
      so purchased shall be eligible to receive any liquidating distributions by
      the
      Company. In no event will a Subscriber have the right to exercise any Warrants
      prior to the later of: (i) the date that is 12 months from the date of the
      final
      prospectus relating to the Company’s IPO and (ii) the date on which the Company
      completes its Business Combination.

    

    8. 
      Forfeiture
      of Warrants.

     

    8.1. Failure
      to Consummate Business Combination.
      The
      Warrants shall be forfeited to the Company in the event that the Company does
      not consummate a Business Combination within 24 months from the date of the
      final prospectus relating to the Company’s IPO (or 36 months in the event the
      Company has entered into a definitive agreement with respect to a business
      consummation and the stockholders have approved an extension for the purpose
      of
      consummating a Business Combination).

    

    8.2. Termination
      of Rights as Holder; Escrow.
      If the
      Warrants are forfeited in accordance with this Section 8, then after such time
      the Subscriber (or successor in interest), shall no longer have any rights
      as a
      holder of such Warrants, and the Company shall take such action as is
      appropriate to cancel such Warrants. To effectuate the foregoing, all
      certificates representing the Warrants shall be held in escrow as provided
      in
      Section 5 hereof. In addition, Subscriber hereby irrevocably grants the Company
      a limited power of attorney for the purpose of effectuating the
      foregoing.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    9. Rescission
      Right Waiver and Indemnification.
      

     

    9.1.
       Subscriber
      understands and acknowledges an exemption from the registration requirements
      of
      the Securities Act requires there be no general solicitation of purchasers
      of
      the Warrants.
      In this regard, if the IPO were deemed to be a general solicitation with respect
      to the Warrants, the offer and sale of such Warrants may not be exempt from
      registration and, if not, the Subscriber may have a right to rescind its
      purchase of the Warrants. In order to facilitate the completion of the Offering
      and in order to protect the Company, its stockholders and the trust account
      from
      claims that may adversely affect the Company or the interests of its
      stockholders, Subscriber hereby agrees to waive, to the maximum extent permitted
      by applicable law, any claims, right to sue or rights in law or arbitration,
      as
      the case may be, to seek rescission of its purchase of the Warrants. Subscriber
      acknowledges and agrees this waiver is being made in order to induce the Company
      to sell the Warrants to the Subscriber. Subscriber agrees the foregoing waiver
      of rescission rights shall apply to any and all known or unknown actions, causes
      of action, suits, claims or proceedings (collectively, “Claims”) and related
      losses, costs, penalties, fees, liabilities and damages, whether compensatory,
      consequential or exemplary, and expenses in connection therewith, including
      reasonable attorneys’ and expert witness fees and disbursements and all other
      expenses reasonably incurred in investigating, preparing or defending against
      any Claims, whether pending or threatened, in connection with any present or
      future actual or asserted right to rescind the purchase of the Warrants
      hereunder or relating to the purchase of the Warrants and the transactions
      contemplated hereby. 

     

    9.2. Subscriber
      agrees not to seek recourse against the Trust Account for any reason whatsoever
      in connection with its purchase of the Warrants or any Claim that may arise
      now
      or in the future. 

     

    9.3. Subscriber
      acknowledges and agrees the stockholders of the Company, UBS Securities LLC
      and
      Morgan Joseph & Co., Inc. are and shall be third-party beneficiaries of the
      foregoing provisions of this Agreement. 

     

    9.4.
       Subscriber
      agrees that to the extent any waiver of rights under this Section 9 is
      ineffective as a matter of law, Subscriber has offered such waiver for the
      benefit of the Company as an equitable right that shall survive any statutory
      disqualification or bar that applies to a legal right. Subscriber acknowledges
      the receipt and sufficiency of consideration received from the Company hereunder
      in this regard.

    

    10. Terms
      of the Warrant

    

    The
      Warrants are substantially identical to the warrants included in the units
      offered in the IPO, except: (i) they
      (and
      the Warrant Shares) will be placed in escrow and not released before, except
      in
      limited circumstances, until after the consummation of a Business Combination,
      as more fully described in Section 5, (ii) they are being purchased in a
      private placement pursuant to an exemption from the registration requirements
      of
      the Securities Act and will become freely tradable only after they are
      registered pursuant to a registration rights agreement to be entered on or
      before the date of the final prospectus relating to the Company’s IPO,
      (iii) they will be non-redeemable so long as they are held by
      the
      initial holder thereof (or any of its permitted transferees),
      and
      (iv) they are exercisable (a) on a “cashless” basis if
      held
      by the initial holder thereof or its permitted assigns
      at any
      time after the consummation of the Business Combination and (b) in the absence
      of an effective registration statement covering the Warrant Shares. In
      no
      event will the Company be required to net cash settle the Warrant
      exercise.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    

    11.
         Governing
      Law and Jurisdiction;
      Waiver
      of Jury Trial

    

    This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Delaware for agreements made and to be wholly performed within such
      state. The parties hereto hereby waive any right to a jury trial in connection
      with any litigation pursuant to this Agreement and the transactions contemplated
      hereby.

    

    12. Assignment;
      Entire Agreement; Amendment

    

    12.1. Assignment.
      Neither
      this Agreement nor any rights hereunder may be assigned by any party to any
      other person other than by Subscriber to a person agreeing to be bound by the
      terms hereof.

    

    12.2. Entire
      Agreement.
      This
      Subscription Agreement sets forth the entire agreement and understanding between
      the parties as to the subject matter thereof and merges and supersedes all
      prior
      discussions, agreements and understandings of any and every nature among
      them.

     

    12.3. Amendment.
      Except
      as expressly provided in this Agreement, neither this Agreement nor any term
      hereof may be amended, waived, discharged or terminated other than by a written
      instrument signed by the party against whom enforcement of any such amendment,
      waiver, discharge or termination is sought.

    

    12.4.
        Binding
      upon Successors.
      This
      Agreement shall be binding upon and inure to the benefit of the parties hereto
      and to their respective heirs, legal representatives, successors and permitted
      assigns.

    

    13.
        Notices;
      Indemnity

    

    13.1
        Notices.
      Unless
      otherwise provided herein, any notice or other communication to a party
      hereunder shall be sufficiently given if in writing and personally delivered
      or
      sent by facsimile or other electronic transmission with copy sent in another
      manner herein provided or sent by courier (which for all purposes of this
      Agreement shall include Federal Express or other recognized overnight courier)
      or mailed to said party by certified mail, return receipt requested, at its
      address provided for herein or such other address as either may designate for
      itself in such notice to the other. Communications shall be deemed to have
      been
      received when delivered personally, on the scheduled arrival date when sent
      by
      next day or 2-day courier service, or if sent by facsimile upon receipt of
      confirmation of transmittal or, if sent by mail, then three days after deposit
      in the mail. If given by electronic transmission, such notice shall be deemed
      to
      be delivered (a) if by electronic mail, when directed to an electronic mail
      address at which the stockholder has consented to receive notice; (b) if by
      a
      posting on an electronic network together with separate notice to the
      stockholder of such specific posting, upon the later of (1) such posting and
      (2)
      the giving of such separate notice; and (c) if by any other form of electronic
      transmission, when directed to the stockholder.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    13.2
        Indemnification.
      Each
      party shall indemnify the other against any loss, cost or damages (including
      reasonable attorney’s fees and expenses) incurred as a result of such party’s
      breach of any representation, warranty, covenant or agreement in this
      Agreement.

    

    14.
        Counterparts

    

    This
      Agreement may be executed in one or more counterparts, all of which when taken
      together shall be considered one and the same agreement and shall become
      effective when counterparts have been signed by each party and delivered to
      the
      other party, it being understood that both parties need not sign the same
      counterpart.  In the event that any signature is delivered by facsimile
      transmission or by e-mail delivery of a “.pdf” format data file, such signature
      shall create a valid and binding obligation of the party executing (or on whose
      behalf such signature is executed) with the same force and effect as if such
      facsimile or “.pdf” signature page were an original thereof.

    

    15.
        Survival;
      Severability

    

    15.1. Survival.
      The
      representations, warranties, covenants and agreements of the parties hereto
      shall survive the Closing.

    

    15.2. Severability.
      In the
      event that any provision of this Agreement becomes or is declared by a court
      of
      competent jurisdiction to be illegal, unenforceable or void, this Agreement
      shall continue in full force and effect without said provision; provided that
      no
      such severability shall be effective if it materially changes the economic
      benefit of this Agreement to any party.

    

    16. Headings.

    

    The
      titles and subtitles used in this Agreement are used for convenience only and
      are not to be considered in construing or interpreting this
      Agreement.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    This
      subscription is accepted by the Company on the 11th
      day of
      March, 2008.

    

     

    

      
        	 	
                LAMBERT’S
                  COVE ACQUISITION CORPORATION

              
	 	 
	 	 
	 	
                By:

              	/s/
                Jeffrey C. Levy	
              
	 	 	
                Name:
                  Jeffrey C. Levy

              
	 	 	
                Title:
                  Chief Executive Officer

              
	 	 	 
	 	 	 
	 	
                LAMBERT’S
                  COVE HOLDINGS, LLC

              
	 	 	 
	 	 	 
	 	
                By:

              	/s/
                Jeffrey C. Levy	
              
	 	 	
                Name:
                  Jeffrey C. Levy

              
	 	 	
                Title:
                  Co-Managing Member

              

      

       

       

      
        
          
          

        

        
          11

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