Document:

Exhibit 4.4  

WARRANT AGREEMENT

Agreement made as of _____________________, 2007 between Enterprise Acquisition
Corp., a Delaware corporation, with offices at 6800 Broken Sound Parkway, Boca
Raton, Florida 33487 (“Company”), and Continental Stock Transfer & Trust
Company, a New York corporation, with offices at 17 Battery Place, New York, New
York 10004 (“Warrant Agent”).

WHEREAS, the Company has received binding commitments from Staton Bell Blank
Check LLC (the “Insider”) to purchase an aggregate of 6,000,000 warrants
(“Insider Warrants”); and

WHEREAS, the Company is engaged in a public offering (“Public Offering”) of
Units and, in connection therewith, has determined to issue and deliver up to
28,750,000 Warrants to the public investors (“Public Warrants” and, together
with the Insider Warrants, the “Warrants”), each of such Warrants evidencing the
right of the holder thereof to purchase one share of the Company’s common stock,
par value $.0001 per share (“Common Stock”), for $7.50, subject to adjustment as
described herein; and

WHEREAS, the Company has filed with the Securities and Exchange Commission a
Registration Statement on Form S-1, No. 333-145154 (“Registration Statement”), for the
registration, under the Securities Act of 1933, as amended (“Act”) of, among
other securities, the Warrants and the Common Stock issuable upon exercise of
the Warrants; and

WHEREAS, the Company desires the Warrant Agent to act on behalf of the Company,
and the Warrant Agent is willing to so act, in connection with the issuance,
registration, transfer, exchange, redemption and exercise of the Warrants;
and

WHEREAS, the Company desires to provide for the form and provisions of the
Warrants, the terms upon which they shall be issued and exercised, and the
respective rights, limitation of rights, and immunities of the Company, the
Warrant Agent, and the holders of the Warrants; and

WHEREAS, all acts and things have been done and performed which are necessary to
make the Warrants, when executed on behalf of the Company and countersigned by
or on behalf of the Warrant Agent, as provided herein, the valid, binding and
legal obligations of the Company, and to authorize the execution and delivery of
this Agreement.

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

1.            Appointment of Warrant Agent. The Company hereby appoints the Warrant Agent to act as agent for the Company for the Warrants, and the Warrant Agent hereby accepts such appointment and agrees to perform the same in accordance with the terms and conditions set forth in this Agreement.

	
            2.
 	
            Warrants.
 

2.1.         
Form of Warrant. Each Warrant shall be issued in
registered form only, shall be in substantially the form of Exhibit A hereto,
the provisions of which are incorporated herein and 

 

 

 

 

shall be signed by, or bear the facsimile signature of, the Chairman of the
Board or Chief Executive Officer and Treasurer or Secretary of the Company and
shall bear a facsimile of the Company’s seal. In the event the person whose
facsimile signature has been placed upon any Warrant shall have ceased to serve
in the capacity in which such person signed the Warrant before such Warrant is
issued, it may be issued with the same effect as if he or she had not ceased to
be such at the date of issuance.

2.2.        
Effect of Countersignature. Unless and until
countersigned by the Warrant Agent pursuant to this Agreement, a Warrant shall
be invalid and of no effect and may not be exercised by the holder
thereof.

	
             
 	
            2.3.
 	
            Registration.
 

2.3.1.     
Warrant Register. The Warrant Agent shall maintain books
(“Warrant Register”), for the registration of original issuance and the
registration of transfer of the Warrants. Upon the initial issuance of the
Warrants, the Warrant Agent shall issue and register the Warrants in the names
of the respective holders thereof in such denominations and otherwise in
accordance with instructions delivered to the Warrant Agent by the
Company.

2.3.2.     Registered Holder.
 Prior to due presentment for registration of transfer
of any Warrant, the Company and the Warrant Agent may deem and treat the person
in whose name such Warrant shall be registered upon the Warrant Register
(“registered holder”), as the absolute owner of such Warrant and of each Warrant
represented thereby (notwithstanding any notation of ownership or other writing
on the Warrant Certificate made by anyone other than the Company or the Warrant
Agent), for the purpose of any exercise thereof, and for all other purposes, and
neither the Company nor the Warrant Agent shall be affected by any notice to the
contrary.

2.4.        
Detachability of Warrants. The securities comprising the
Units will not be separately transferable until 90 days after the date hereof
unless Ladenburg Thalmann & Co. Inc. (“Ladenburg”) informs the Company of
its decision to allow earlier separate trading, but in no event will Ladenburg
allow separate trading of the securities comprising the Units until the Company
files a Current Report on Form 8-K which includes an audited balance sheet
reflecting the receipt by the Company of the gross proceeds of the Public
Offering including the proceeds received by the Company from the exercise of the
Underwriter’s over-allotment option, if the over-allotment option is exercised
prior to the filing of the Form 8-K.

2.5.        Insider Warrants.
 The Insider Warrants will be issued in the same form as
the Public Warrants but they (i) will not be transferable or salable until the
later of ___________, 2008 or the date on which the Company completes a business
combination and (ii) will be exercisable on a cashless basis and will not be
redeemable by us if they are still held by the Insiders or their
affiliates.

	
            3.
 	
            
Terms and Exercise of Warrants.

3.1.         
Warrant Price. Each Warrant shall, when countersigned by
the Warrant Agent, entitle the registered holder thereof, subject to the
provisions of such Warrant and of this Warrant Agreement, to purchase from the
Company the number of shares of Common Stock stated 

 

 

 

 

therein, at the price of $7.50 per whole share, subject to the adjustments
provided in Section 4 hereof and in the last sentence of this Section 3.1. The
term “Warrant Price” as used in this Warrant Agreement refers to the price per
share at which Common Stock may be purchased at the time a Warrant is exercised.
The Company in its sole discretion may lower the Warrant Price at any time prior
to the Expiration Date for a period of not less than 10 business days; provided,
however, that any such reduction shall be identical in percentage terms among
all of the Warrants.

3.2.        Duration of Warrants
. A Warrant may be exercised only during the period
(“Exercise Period”) commencing on the later of (i) the consummation by the
Company of a merger, capital stock exchange, asset acquisition or other similar
business combination (“Business Combination”) (as described more fully in the
Company’s Registration Statement) and (ii) __________, 2008, and terminating at 5:00 p.m., New York City time on the
earlier to occur of (i) 2011 or (ii) the date fixed for redemption of the
Warrants as provided in Section 6 of this Agreement (“Expiration Date”). Except
with respect to the right to receive the Redemption Price (as set forth in
Section 6 hereunder), each Warrant not exercised on or before the Expiration
Date shall become void, and all rights thereunder and all rights in respect
thereof under this Agreement shall cease at the close of business on the
Expiration Date. The Company in its sole discretion may extend the duration of
the Warrants by delaying the Expiration Date; provided, however, that the
Company will provide notice to registered holders of the Warrants of such
extension of not less than 20 days.

	
             
 	
            3.3.
 	
            Exercise of Warrants.
 

3.3.1.     Payment.
Subject to the provisions of the Warrant and this Warrant Agreement, a Warrant,
when countersigned by the Warrant Agent, may be exercised by the registered
holder thereof by surrendering it, at the office of the Warrant Agent, or at the
office of its successor as Warrant Agent, in the Borough of Manhattan, City and
State of New York, with the subscription form, as set forth in the Warrant, duly
executed, and by paying in full the Warrant Price for each full share of Common
Stock as to which the Warrant is exercised and any and all applicable taxes due
in connection with the exercise of the Warrant, as follows:

(a)          
in cash, good certified check or good bank draft payable to the order of the Company (or as otherwise agreed to by the Company); or

(b)          
with respect to any Insider Warrants, by surrendering such Insider Warrants for
that number of shares of Common Stock equal to the quotient obtained by dividing
(x) the product of the number of shares of Common Stock underlying the Warrants,
multiplied by the difference between the exercise price of the Warrants and the
“Fair Market Value” (defined below) by (y) the Fair Market Value. Solely for
purposes of this Section 3.3.1(c), the “Fair Market Value” shall mean the
average reported last sale price of the Common Stock for the five trading days
ending on the trading day prior to the date on which the Insider Warrants are
exercised.

3.3.2.     Issuance of Certificates.
 As soon as practicable after the exercise of any Warrant and the
clearance of the funds in payment of the Warrant Price, the Company shall issue
to the registered holder of such Warrant a certificate or certificates for the
number of full shares 

 

 

 

 

of Common Stock to which he is entitled, registered in such name or names as may
be directed by him, her or it, and if such Warrant shall not have been exercised
in full, a new countersigned Warrant for the number of shares as to which such
Warrant shall not have been exercised. Notwithstanding the foregoing, the
Company shall not be obligated to deliver any securities pursuant to the
exercise of a Public Warrant and shall have no obligation to settle such Public
Warrant exercise unless a registration statement under the Act with respect to
the Common Stock is effective, subject to the Company’s satisfying its
obligations under Section 7.4 to use its best efforts. In the event that a
registration statement with respect to the Common Stock underlying a Public
Warrant is not effective under the Act, the holder of such Public Warrant shall
not be entitled to exercise such Warrant and such Warrant may have no value and
expire worthless. In no event will the Company be required to net cash settle
the warrant exercise. Public Warrants may not be exercised by, or securities
issued to, any registered holder in any state in which such exercise would be
unlawful. The shares of common stock issuable upon exercise of Insider Warrants
shall be unregistered shares. In the event that a registration statement is not
effective for the exercised Public Warrants, the purchaser of a unit containing
such Warrant, will have paid the full purchase price for the unit solely for the
shares included in such unit.

3.3.3.     Valid Issuance. All shares of Common Stock issued upon the proper exercise of a Warrant in conformity with this Agreement shall be validly issued, fully paid and nonassessable.

3.3.4.     Date of Issuance. Each person in whose name any such certificate for shares of Common Stock is issued shall for all purposes be deemed to have become the holder of record of such shares on the date on which the Warrant was surrendered and payment of the Warrant Price was made, irrespective of the date of delivery of such certificate, except that, if the date of such surrender and payment is a date when the stock transfer books of the Company are closed, such person shall be deemed to have become the holder of such shares at the close of business on the next succeeding date on which the stock transfer books are open.

	
             
 	
            3.3.5.
 	
            Intentionally Omitted.
 
	
            4.
 	
            Adjustments.
 	
             

					

4.1.         
Stock Dividends — Split—Ups. If after the date
hereof, and subject to the provisions of Section 4.6 below, the number of
outstanding shares of Common Stock is increased by a stock dividend payable in
shares of Common Stock, or by a split—up of shares of Common Stock, or
other similar event, then, on the effective date of such stock dividend,
split—up or similar event, the number of shares of Common Stock issuable on
exercise of each Warrant shall be increased in proportion to such increase in
outstanding shares of Common Stock.

4.2.        
Aggregation of Shares. If after the date hereof, and
subject to the provisions of Section 4.6, the number of outstanding shares of
Common Stock is decreased by a consolidation, combination, reverse stock split
or reclassification of shares of Common Stock or other similar event, then, on
the effective date of such consolidation, combination, reverse stock split,
reclassification or similar event, the number of shares of Common Stock issuable
on exercise of each Warrant shall be decreased in proportion to such decrease in
outstanding shares of Common Stock.

 

 

 

 

4.3.        
Adjustments in Exercise Price. Whenever the number of
shares of Common Stock purchasable upon the exercise of the Warrants is
adjusted, as provided in Section 4.1 and 4.2 above, the Warrant Price shall be
adjusted (to the nearest cent) by multiplying such Warrant Price immediately
prior to such adjustment by a fraction (x) the numerator of which shall be the
number of shares of Common Stock purchasable upon the exercise of the Warrants
immediately prior to such adjustment, and (y) the denominator of which shall be
the number of shares of Common Stock so purchasable immediately
thereafter.

4.4.        
Replacement of Securities upon Reorganization, etc. In
case of any reclassification or reorganization of the outstanding shares of
Common Stock (other than a change covered by Section 4.1 or 4.2 hereof or that
solely affects the par value of such shares of Common Stock), or in the case of
any merger or consolidation of the Company with or into another corporation
(other than a consolidation or merger in which the Company is the continuing
corporation and that does not result in any reclassification or reorganization
of the outstanding shares of Common Stock), or in the case of any sale or
conveyance to another corporation or entity of the assets or other property of
the Company as an entirety or substantially as an entirety in connection with
which the Company is dissolved, the Warrant holders shall thereafter have the
right to purchase and receive, upon the basis and upon the terms and conditions
specified in the Warrants and in lieu of the shares of Common Stock of the
Company immediately theretofore purchasable and receivable upon the exercise of
the rights represented thereby, the kind and amount of shares of stock or other
securities or property (including cash) receivable upon such reclassification,
reorganization, merger or consolidation, or upon a dissolution following any
such sale or transfer, that the Warrant holder would have received if such
Warrant holder had exercised his, her or its Warrant(s) immediately prior to
such event; and if any reclassification also results in a change in shares of
Common Stock covered by Section 4.1 or 4.2, then such adjustment shall be made
pursuant to Sections 4.1, 4.2, 4.3 and this Section 4.4. The provisions of this
Section 4.4 shall similarly apply to successive reclassifications,
reorganizations, mergers or consolidations, sales or other transfers.

4.5.         
Notices of Changes in Warrant. Upon every adjustment of
the Warrant Price or the number of shares issuable upon exercise of a Warrant,
the Company shall give written notice thereof to the Warrant Agent, which notice
shall state the Warrant Price resulting from such adjustment and the increase or
decrease, if any, in the number of shares purchasable at such price upon the
exercise of a Warrant, setting forth in reasonable detail the method of
calculation and the facts upon which such calculation is based. Upon the
occurrence of any event specified in Sections 4.1, 4.2, 4.3 or 4.4, then, in any
such event, the Company shall give written notice to each Warrant holder, at the
last address set forth for such holder in the warrant register, of the record
date or the effective date of the event. Failure to give such notice, or any
defect therein, shall not affect the legality or validity of such
event.

4.6.         
No Fractional Shares. Notwithstanding any provision
contained in this Warrant Agreement to the contrary, the Company shall not issue
fractional shares upon exercise of Warrants. If, by reason of any adjustment
made pursuant to this Section 4, the holder of any Warrant would be entitled,
upon the exercise of such Warrant, to receive a fractional interest in a share,
the Company shall, upon such exercise, round up or down to the nearest whole
number the number of the shares of Common Stock to be issued to the Warrant
holder.

 

 

 

 

4.7.         
Form of Warrant. The form of Warrant need not be changed
because of any adjustment pursuant to this Section 4, and Warrants issued after
such adjustment may state the same Warrant Price and the same number of shares
as is stated in the Warrants initially issued pursuant to this Agreement.
However, the Company may at any time in its sole discretion make any change in
the form of Warrant that the Company may deem appropriate and that does not
affect the substance thereof, and any Warrant thereafter issued or
countersigned, whether in exchange or substitution for an outstanding Warrant or
otherwise, may be in the form as so changed.

	
            5.
 	
            
Transfer and Exchange of Warrants.
 

5.1.        
Registration of Transfer. The Warrant Agent shall
register the transfer, from time to time, of any outstanding Warrant upon the
Warrant Register, upon surrender of such Warrant for transfer, properly endorsed
with signatures properly guaranteed and accompanied by appropriate instructions
for transfer. Upon any such transfer, a new Warrant representing an equal
aggregate number of Warrants shall be issued and the old Warrant shall be
cancelled by the Warrant Agent. The Warrants so cancelled shall be delivered by
the Warrant Agent to the Company from time to time upon request.

5.2.         
Procedure for Surrender of Warrants. Warrants may be
surrendered to the Warrant Agent, together with a written request for exchange
or transfer, and thereupon the Warrant Agent shall issue in exchange therefor
one or more new Warrants as requested by the registered holder of the Warrants
so surrendered, representing an equal aggregate number of Warrants; provided,
however, that in the event that a Warrant surrendered for transfer bears a
restrictive legend, the Warrant Agent shall not cancel such Warrant and issue
new Warrants in exchange therefor until the Warrant Agent has received an
opinion of counsel for the Company stating that such transfer may be made and
indicating whether the new Warrants must also bear a restrictive
legend.

5.3.         
Fractional Warrants. The Warrant Agent shall not be
required to effect any registration of transfer or exchange which will result in
the issuance of a warrant certificate for a fraction of a warrant.

5.4.         Service Charges. No service charge shall be made for any exchange or registration of transfer of Warrants.

5.5.         Warrant Execution and Countersignature. The Warrant Agent is hereby authorized to countersign and to deliver, in accordance with the terms of this Agreement, the Warrants required to be issued pursuant to the provisions of this Section 5, and the Company, whenever required by the Warrant Agent, will supply the Warrant Agent with Warrants duly executed on behalf of the Company for such purpose.

	
            6.
 	
            Redemption.
 

6.1.        
Redemption. Not less than all of the outstanding Public
Warrants may be redeemed, at the option of the Company, at any time while they
are exercisable and prior to their expiration, at the office of the Warrant
Agent, upon the notice referred to in Section 6.2, at the price of $.01 per
Public Warrant (“Redemption Price”), provided that the last sales price of the
Common Stock has been at least $14.25 per share, on each of twenty (20) trading
days within 

 

 

 

 

     any thirty (30) trading day period ending on the third business day prior to the date on which notice of redemption is given.
Notwithstanding anything to the contrary contained herein, the Company shall not call the Warrants for redemption unless there is an
effective registration statement under the Act relating to the shares of Common Stock issuable upon exercise of the Warrants and a
current prospectus is available for use throughout the “30-day redemption period” (defined below).

6.2.        
Date Fixed for, and Notice of Redemption. In the event
the Company shall elect to redeem all of the Public Warrants, the Company shall
fix a date for the redemption. Notice of redemption shall be mailed by first
class mail, postage prepaid, by the Company not less than 30 days prior to the
date fixed for redemption (“30-day redemption period”) to the registered holders of the Public Warrants to be
redeemed at their last addresses as they shall appear on the registration books.
Any notice mailed in the manner herein provided shall be conclusively presumed
to have been duly given whether or not the registered holder received such
notice.

6.3.        
Exercise After Notice of Redemption. The Public Warrants
may be exercised, for cash at any time after notice of redemption shall have
been given by the Company pursuant to Section 6.2 hereof and prior to the time
and date fixed for redemption. On and after the redemption date, the record
holder of the Public Warrants shall have no further rights except to receive,
upon surrender of the Public Warrants, the Redemption Price.

	
             
 	
            6.4.
 	
            Intentionally Omitted.
 	
             

	
            7.
 	
            
Other Provisions Relating to Rights of Holders of Warrants.
 

7.1.         
No Rights as Stockholder. A Warrant does not entitle the
registered holder thereof to any of the rights of a stockholder of the Company,
including, without limitation, the right to receive dividends, or other
distributions, exercise any preemptive rights to vote or to consent or to
receive notice as stockholders in respect of the meetings of stockholders or the
election of directors of the Company or any other matter.

7.2.        
Lost, Stolen, Mutilated, Destroyed Warrants. If any
Warrant is lost, stolen, mutilated, or destroyed, the Company and the Warrant
Agent may on such terms as to indemnity or otherwise as they may in their
discretion impose (which shall, in the case of a mutilated Warrant, include the
surrender thereof), issue a new Warrant of like denomination, tenor, and date as
the Warrant so lost, stolen, mutilated, or destroyed. Any such new Warrant shall
constitute a substitute contractual obligation of the Company, whether or not
the allegedly lost, stolen, mutilated, or destroyed Warrant shall be at any time
enforceable by anyone.

7.3.        
Reservation of Common Stock. The Company shall at all
times reserve and keep available a number of its authorized but unissued shares
of Common Stock that will be sufficient to permit the exercise in full of all
outstanding Warrants issued pursuant to this Agreement.

7.4.        
Registration of Common Stock. The Company agrees that
prior to the commencement of the Exercise Period, it shall file with the
Securities and Exchange Commission a post—effective amendment to the
Registration Statement, or a new registration statement, for the registration,
under the Act, of, and it shall use its best efforts to take such action as is
necessary to qualify for sale, in those states in which the Warrants were
initially offered by the Company, the Common Stock issuable upon exercise of the
Warrants. In either case, the Company will use its best efforts to cause the
same to become effective and to maintain the effectiveness of such registration
statement until the expiration of the Warrants in accordance 

 

 

 

 

with the provisions of this Agreement. The provisions of this Section 7.4 may
not be modified, amended or deleted without the prior written consent of
Ladenburg. 

	
            8.
 	
            
Concerning the Warrant Agent and Other Matters.
 

8.1.         Payment of Taxes. The Company will from time to time promptly pay all taxes and charges that may be imposed upon the Company or the Warrant Agent in respect of the issuance or delivery of shares of Common Stock upon the exercise of Warrants, but the Company shall not be obligated to pay any transfer taxes in respect of the Warrants or such shares.

	
             
 	
            8.2.
 	
            
Resignation, Consolidation, or Merger of Warrant Agent.
 

8.2.1.     
Appointment of Successor Warrant Agent. The Warrant
Agent, or any successor to it hereafter appointed, may resign its duties and be
discharged from all further duties and liabilities hereunder after giving sixty
(60) days’ notice in writing to the Company. If the office of the Warrant Agent
becomes vacant by resignation or incapacity to act or otherwise, the Company
shall appoint in writing a successor Warrant Agent in place of the Warrant
Agent. If the Company shall fail to make such appointment within a period of 30
days after it has been notified in writing of such resignation or incapacity by
the Warrant Agent or by the holder of the Warrant (who shall, with such notice,
submit his Warrant for inspection by the Company), then the holder of any
Warrant may apply to the Supreme Court of the State of New York for the County
of New York for the appointment of a successor Warrant Agent at the Company’s
cost. Any successor Warrant Agent, whether appointed by the Company or by such
court, shall be a corporation organized and existing under the laws of the State
of New York, in good standing and having its principal office in the Borough of
Manhattan, City and State of New York, and authorized under such laws to
exercise corporate trust powers and subject to supervision or examination by
federal or state authority. After appointment, any successor Warrant Agent shall
be vested with all the authority, powers, rights, immunities, duties, and
obligations of its predecessor Warrant Agent with like effect as if originally
named as Warrant Agent hereunder, without any further act or deed; but if for
any reason it becomes necessary or appropriate, the predecessor Warrant Agent
shall execute and deliver, at the expense of the Company, an instrument
transferring to such successor Warrant Agent all the authority, powers, and
rights of such predecessor Warrant Agent hereunder; and upon request of any
successor Warrant Agent the Company shall make, execute, acknowledge, and
deliver any and all instruments in writing for more fully and effectually
vesting in and confirming to such successor Warrant Agent all such authority,
powers, rights, immunities, duties, and obligations.

8.2.2.     Notice of Successor Warrant Agent.
 In the event a successor Warrant Agent shall be
appointed, the Company shall give notice thereof to the predecessor Warrant
Agent and the transfer agent for the Common Stock not later than the effective
date of any such appointment.

8.2.3.     
Merger or Consolidation of Warrant Agent. Any
corporation into which the Warrant Agent may be merged or with which it may be
consolidated or any corporation resulting from any merger or consolidation to
which the Warrant Agent shall be a party shall be the successor Warrant Agent
under this Agreement without any further act.

 

 

 

 

 

	
             
 	
            8.3.
 	
            Fees and Expenses of Warrant Agent.
 

8.3.1.     Remuneration. 
The Company agrees to pay the Warrant Agent reasonable remuneration for its
services as such Warrant Agent hereunder and will reimburse the Warrant Agent
upon demand for all expenditures that the Warrant Agent may reasonably incur in
the execution of its duties hereunder.

8.3.2.     Further Assurances.
The Company agrees to perform, execute, acknowledge, and deliver or cause to be
performed, executed, acknowledged, and delivered all such further and other
acts, instruments, and assurances as may reasonably be required by the Warrant
Agent for the carrying out or performing of the provisions of this
Agreement.

	
             
 	
            8.4.
 	
            Liability of Warrant Agent.
 

8.4.1.     Reliance on Company Statement.
 Whenever in the performance of its duties under this Warrant
Agreement, the Warrant Agent shall deem it necessary or desirable that any fact
or matter be proved or established by the Company prior to taking or suffering
any action hereunder, such fact or matter (unless other evidence in respect
thereof be herein specifically prescribed) may be deemed to be conclusively
proved and established by a statement signed by the President or Chairman of the
Board of the Company and delivered to the Warrant Agent. The Warrant Agent may
rely upon such statement for any action taken or suffered in good faith by it
pursuant to the provisions of this Agreement.

8.4.2.     Indemnity.
 The Warrant Agent shall be liable hereunder only for its own
negligence, willful misconduct or bad faith. The Company agrees to indemnify the
Warrant Agent and save it harmless against any and all liabilities, including
judgments, costs and reasonable counsel fees, for anything done or omitted by
the Warrant Agent in the execution of this Agreement except as a result of the
Warrant Agent’s negligence, willful misconduct, or bad faith.

8.4.3.     
Exclusions. The Warrant Agent shall have no
responsibility with respect to the validity of this Agreement or with respect to
the validity or execution of any Warrant (except its countersignature thereof);
nor shall it be responsible for any breach by the Company of any covenant or
condition contained in this Agreement or in any Warrant; nor shall it be
responsible to make any adjustments required under the provisions of Section 4
hereof or responsible for the manner, method, or amount of any such adjustment
or the ascertaining of the existence of facts that would require any such
adjustment; nor shall it by any act hereunder be deemed to make any
representation or warranty as to the authorization or reservation of any shares
of Common Stock to be issued pursuant to this Agreement or any Warrant or as to
whether any shares of Common Stock will when issued be valid and fully paid and
nonassessable.

8.5.        
Acceptance of Agency. The Warrant Agent hereby accepts
the agency established by this Agreement and agrees to perform the same upon the
terms and conditions herein set forth and among other things, shall account
promptly to the Company with respect to Warrants exercised and concurrently
account for, and pay to the Company, all moneys received by the Warrant Agent
for the purchase of shares of Common Stock through the exercise of Warrants. 9.
Miscellaneous Provisions.

 

 

 

 

8.6.         Successors. All the covenants and provisions of this Agreement by or for the benefit of the Company or the Warrant Agent shall bind and inure to the benefit of their respective successors and assigns.

8.7.         Notices. Any notice, statement or demand authorized by this Warrant Agreement to be given or made by the Warrant Agent or by the holder of any Warrant to or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by the Company with the Warrant Agent), as follows:

Enterprise Acquisition Corp.

6800 Broken Sound Parkway

Boca Raton, Florida 33387 

Attn: Chief Executive Officer

Any notice, statement or demand authorized by this Agreement to be given or made by the holder of any Warrant or by the Company to or on the Warrant Agent shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by the Warrant Agent with the Company), as follows:

Continental Stock Transfer & Trust Company 

17 Battery Place

New York, New York 10004

Attn: Compliance Department

with a copy in each case to:

Akerman Senterfitt

One SE Third Avenue

25th Floor

Miami, Florida 33131

Attn: Bradley D. Houser, Esq.

 

and

Graubard Miller

The Chrysler Building

405 Lexington Avenue

New York, New York 10174 

Attn: David Alan Miller, Esq.

and

Ladenburg Thalmann & Co. Inc.

4400 Biscayne Blvd.

14th Floor

 

 

 

 

Miami, Florida 33137

Attn: James Cassel

8.8.        Applicable law. The validity, interpretation, and performance of this Agreement and of the Warrants shall be governed in all respects by 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 Company hereby agrees that any action, proceeding or claim against it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of New York or the United States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an
inconvenience forum. Any such process or summons to be served upon the Company may be served by transmitting a copy thereof by registered or certified mail, return receipt requested, postage prepaid, addressed to it at the address set forth in Section 9.2 hereof. Such mailing shall be deemed personal service and shall be legal and binding upon the Company in any action, proceeding or claim.

8.9.         Persons Having Rights under this Agreement. Nothing in this Agreement expressed and nothing that may be implied from any of the provisions hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than the parties hereto and the registered holders of the Warrants and, for the purposes of Sections 7.4 and 9.2 hereof, Ladenburg, any right, remedy, or claim under or by reason of this Warrant Agreement or of any covenant, condition, stipulation, promise, or agreement hereof. Ladenburg shall be deemed to be a third—party beneficiary of this Agreement with respect to Sections 7.4 and 9.2 hereof. All covenants, conditions, stipulations, promises, and agreements contained in this Warrant Agreement shall be for the sole and
exclusive benefit of the parties hereto (and Ladenburg with respect to the Sections 7.4 and 9.2 hereof) and their successors and assigns and of the registered holders of the Warrants.

8.10.      Examination of the Warrant Agreement. A copy of this Agreement shall be available at all reasonable times at the office of the Warrant Agent in the Borough of Manhattan, City and State of New York, for inspection by the registered holder of any Warrant. The Warrant Agent may require any such holder to submit his Warrant for inspection by it.

8.11.      Counterparts. This Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

8.12.      Effect of Headings. The Section headings herein are for convenience only and are not part of this Warrant Agreement and shall not affect the interpretation thereof.

8.13.      Amendments. This Agreement may be amended by the parties hereto without the consent of any registered holder for the purpose of curing any ambiguity, or of curing, correcting or supplementing any defective provision contained herein or adding or changing any other provisions with respect to matters or questions arising under this Agreement as the parties may deem necessary or desirable and that the parties deem shall not adversely affect the interest of the registered holders. All other modifications or amendments, including any amendment to increase 

 

 

 

 

the Warrant Price or shorten the Exercise Period, shall require the written consent of the registered holders of a majority of the then outstanding Warrants. Notwithstanding the foregoing, the Company may lower the Warrant Price or extend the duration of the Exercise Period pursuant to Sections 3.1 and 3.2, respectively, without the consent of the registered holders.

IN WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year first above written.

ENTERPRISE ACQUISITION CORP.

By:                                          
                                      

Name: Daniel C. Staton

Title: President and Chief Executive Officer

 

CONTINENTAL STOCK TRANSFER & TRUST COMPANY 

By:                                          
                                      

	
             
 	
            Name:
 
	
             
 	
            Title:Exhibit 10.7

INVESTMENT MANAGEMENT TRUST
AGREEMENT

This Agreement is made as of , 2007 by
and between Enterprise Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust Company
(“Trustee”).

WHEREAS, the Company’s
registration statement on Form S-1, No. 333-145154 (“Registration Statement”), for its initial public offering of securities
(“IPO”) has been declared effective as of the date hereof (“Effective Date”) by the Securities and Exchange Commission (capitalized
terms used herein and not otherwise defined shall have the meanings set forth in the Registration Statement); and

WHEREAS, Ladenburg Thalmann & Co.
Inc. (“Ladenburg”) is acting as the representative of the underwriters in the IPO; and

WHEREAS, as described in the
Registration Statement, and in accordance with the Company’s Amended and Restated Certificate of Incorporation, $245,200,000 of the gross proceeds
of the IPO and sale of the Insider Warrants (or $281,200,000 if the underwriters’ over-allotment option is exercised in full) will be delivered to
the Trustee to be deposited and held in a trust account for the benefit of the Company and the holders of the Company’s common stock, par value
$.0001 per share, issued in the IPO as hereinafter provided (the amount to be delivered to the Trustee will be referred to herein as the
“Property”, the stockholders for whose benefit the Trustee shall hold the Property will be referred to as the “Public
Stockholders,” and the Public Stockholders and the Company will be referred to together as the “Beneficiaries”); and

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

IT IS AGREED:

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

(a)  Hold the Property in
trust for the Beneficiaries in accordance with the terms of this Agreement in a segregated trust account (“Trust Account”) established by the
Trustee;

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

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

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

(e)  Notify the Company and
Ladenburg 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;

(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 Ladenburg to
do so;

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

(i)  Commence liquidation of
the Trust Account only after and promptly after receipt of, and only in accordance with, the terms of a letter (“Termination Letter”), in a
form substantially similar to that attached hereto as either Exhibit A or Exhibit B hereto, signed on behalf of the Company by its President or
Chairman of the Board and Corporate Secretary or other authorized officer of the Company, and complete the liquidation of the Trust Account and
distribute the Property in the Trust Account only as directed in the Termination Letter and the other documents referred to therein; provided, however,
that in the event that a Termination Letter has not been received by the Trustee by the close of business on the “business day” that is the
24-month anniversary of the effective date of the Registration Statement (“Last Date”), the Trust Account shall be liquidated in accordance
with the procedures set forth in the Termination Letter attached as Exhibit B hereto and distributed to the stockholders of record on the Last Date. A
business day shall be any day that is not a Saturday, Sunday or other day on which banks are required or authorized by law to be closed in the City of
New York. The provisions of this Section 1(i) may not be modified, amended or deleted under any circumstances.

	2.  
	 	Limited Distributions of Income from Trust
Account.

(a)  Upon written request
from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit C, the Trustee shall
distribute to the Company the amount requested by the Company to cover any tax obligation owed by the Company;

(b)  Upon written request
from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit D, the Trustee shall
distribute to the Company the amount requested by the Company to cover expenses related to investigating and selecting a target business and other
working capital requirements; provided, however, that the aggregate amount of all such distributions shall not exceed $2,450,000 and the Company will
not be allowed to withdraw interest income earned on the trust account unless there is sufficient funds available to pay the Company’s tax
obligations on such interest income or otherwise then due at that time; and

(c)  The limited
distributions referred to in Sections 2(a) and 2(b) above shall be made only from income collected on the Property. Except as provided in Section 2(a)
and 2(b) above, no other distributions from the Trust Account shall be permitted except in accordance with Section 1(i) hereof.

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

(a)  Give all instructions to
the Trustee hereunder in writing, signed by the Company’s Chairman of the Board or President or other authorized officer. In addition, except with
respect to its duties under paragraphs 1(i), 2(a) and 2(b) 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 shall promptly confirm such instructions in writing;

(b)  In all cases, the
Company shall provide Ladenburg with a copy of any Termination Letters and/or any other correspondence that it sends to the Trustee with respect to any
proposed withdrawal from the Trust Account promptly after it issues same.

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

(d)  Pay the Trustee an
initial acceptance fee, an annual fee and a transaction processing fee for each disbursement made pursuant to Section 2 as set forth on Schedule A
hereto, which fees shall be subject to modification by the parties from time to time. It is expressly understood that the Property shall not be used to
pay such fees unless and until it is distributed to the Company pursuant to Section 2. 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 annual fee (on a pro rata basis) with respect to any period after the liquidation of the Trust Fund. The Company shall not be responsible for any
other fees or charges of the Trustee except as set forth in this Section 3(c) and as may be provided in Section 3(b) hereof (it being expressly
understood that

the Property shall not be used to
make any payments to the Trustee under such Sections, except to the extent it is distributed to the Company pursuant to Section 2);

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

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 paragraphs 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 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 paragraph 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;

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

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

5.    Termination. This Agreement shall terminate as follows:

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

(b)  At such time that the
Trustee has completed the liquidation of the Trust Account in accordance with the provisions of paragraph 1(i) hereof, and distributed the Property in
accordance with the provisions of the Termination Letter, this Agreement shall terminate except with respect to Paragraph 3(b).

6.    Miscellaneous.

(a)  The Company and the
Trustee each acknowledge that 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 New York, without giving effect to conflicts of law

principles that would result in the
application of the substantive laws of another jurisdiction. It may be executed in several original or facsimile counterparts, each one of which shall
constitute an original, and together shall constitute but one instrument.

(c)  This Agreement contains
the entire agreement and understanding of the parties hereto with respect to the subject matter hereof. Except for Section 1(i) (which may not be
amended under any circumstances), 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 Ladenburg. As to any
claim, cross—claim or counterclaim in any way relating to this Agreement, each party waives the right to trial by jury.

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

(e)  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: Steven G. Nelson and Frank Di Paolo
 Fax No.: (212)
509-5150

	 
	   	   	   	   	   	   
	if to the Company,
to:
	   	   	   	Enterprise
Acquisition Corp.
 6800 Broken Sound Parkway
 Boca Raton, Florida 33487
 Attn: Daniel C. Staton, Chief Executive Officer
 Fax No.: (561)
998-1525

	 
	   	   	   	   	   	   
	in either case with a copy
to:
	   	   	   	Ladenburg
Thalmann & Co. Inc.
 4400 Biscayne Blvd.
 14th Floor
 Miami, Florida 33137

Attn: James Cassel
 Fax No.: (305) 572-4220

 

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

(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.

(h)  Each of the Company and
the Trustee hereby acknowledge that Ladenburg is a third party beneficiary of this Agreement.

[SIGNATURES ON FOLLOWING PAGE]

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:  
	 	

ENTERPRISE
ACQUISITION CORP.

	By:  
	 	

Name: Daniel C. Staton
 Title:
President and Chief Executive Officer

SCHEDULE A

	Fee Item
	 	 	   	Time and method of payment
	   	Amount

	Initial acceptance
fee
	   	   	   	Initial closing of IPO by wire transfer
	   	  $	1,000	  
	 
	   	   	   	   	   	   	   	   	   	   
	Annual fee
	   	   	   	First
year, initial closing of IPO by wire transfer; thereafter on the anniversary of the effective date of the IPO by wire transfer or
check
	   	  $	3,000	  
	 
	   	   	   	   	   	   	   	   	   	   
	Transaction processing fee
for disbursements to Company under Section 2
	   	   	   	Deduction by Trustee from accumulated income following disbursement made to Company under Section 2
	   	  $	250	   

 

EXHIBIT A

[Letterhead of Company]
 [Insert
date]

Continental Stock Transfer
 & Trust Company
 17 Battery
Place
 New York New York 10004
 Attn: Steven Nelson

Re: Trust Account No. Termination Letter

Gentlemen:

Pursuant to paragraph 1(i) of the
Investment Management Trust Agreement between Enterprise Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company
(“Trustee”), dated as of ____________, 2007 (“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 [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of
the consummation of the Business Combination (“Consummation Date”).

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 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 (“Counsel’s Letter”) and
(ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________ which verifies the vote of the Company’s
stockholders in connection with the Business Combination and (b) 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 distributed after the Consummation Date to the Company. Upon
the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated and the Trust Account
closed.

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 upon the Trustee’s receipt of a written request from the Company, the funds held in the Trust
Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the original Consummation Date as set forth in
the notice.

Very truly yours,

ENTERPRISE ACQUISITION
CORP.

	By: 
	 	
Marc H. Bell, Chairman of
the Board

	By:  
	 	
Maria Balodimas Staton,
Corporate Secretary

cc: Ladenburg Thalmann & Co. Inc.

EXHIBIT B

[Letterhead of Company]
 [Insert
date]

Continental Stock Transfer
 & Trust Company
 17 Battery
Place
 New York New York 10004
 Attn: Steven Nelson

Re: Trust Account No. Termination Letter

Gentlemen:

Pursuant to paragraph 1(i) of the
Investment Management Trust Agreement between Enterprise Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company
(“Trustee”), dated as of ______________, 2007 (“Trust Agreement”), this is to advise you that the Company has been unable to effect
a Business Combination with a Target Company within the time frame specified in the Company’s Certificate of Incorporation, as described in the
Company’s prospectus relating to its IPO.

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

Very truly yours,

ENTERPRISE ACQUISITION
CORP.

	By:  
	 	
Marc H. Bell, Chairman of
the Board

	By:  
	 	
Maria Balodimas Staton,
Corporate Secretary

cc: Ladenburg Thalmann & Co. Inc.

EXHIBIT C

[Letterhead of Company]
 [Insert
date]

Continental Stock Transfer
 & Trust Company
 17 Battery
Place
 New York New York 10004
 Attn: Steven Nelson

Re: Trust Account No.

Gentlemen:

Pursuant to paragraph 2(a) of the
Investment Management Trust Agreement between Enterprise Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company
(“Trustee”), dated as of ____________, 2007 (“Trust Agreement”), the Company hereby requests that you deliver to the Company
$____________ of the income earned on the Property as of the date hereof. The Company needs such funds to pay for the tax obligations as set forth on
the attached tax return or tax statement. In accordance with the terms of the Trust Agreement, you are hereby directed and authorized to transfer (via
wire transfer) such funds promptly upon your receipt of this letter to the Company’s operating account at:

[WIRE INSTRUCTION INFORMATION]

Very truly yours,

ENTERPRISE ACQUISITION
CORP.

	By:  
	 	
Marc H. Bell, Chairman of
the Board

	By:  
	 	
Maria Balodimas Staton,
Corporate Secretary

cc: Ladenburg Thalmann & Co. Inc.

EXHIBIT D

[Letterhead of Company]
 [Insert
date]

Continental Stock Transfer
 & Trust Company
 17 Battery
Place
 New York New York 10004
 Attn: Steven Nelson

Re: Trust Account No.

Gentlemen:

Pursuant to paragraph 2(b) of the
Investment Management Trust Agreement between Enterprise Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company
(“Trustee”), dated as of ______________, 2007 (“Trust Agreement”), the Company hereby requests that you deliver to the Company
$____________ of the income earned on the Property as of the date hereof, which does not exceed, in the aggregate with all such prior disbursements
pursuant to paragraph 2(b), if any, the maximum amount set forth in paragraph 2(b). The Company needs such funds to pay its expenses relating to
investigating and selecting a target business and other working capital requirements. In accordance with the terms of the Trust Agreement, you are
hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the Company’s operating
account at: [WIRE INSTRUCTION INFORMATION]

Very truly yours,

ENTERPRISE ACQUISITION
CORP.

	By:  
	 	
Marc H. Bell, Chairman of
the Board

	By:  
	 	
Maria Balodimas Staton,
Corporate Secretary

cc: Ladenburg Thalmann & Co. Inc.

EXHIBIT E

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

	Company:
	   	   	   	 

	Enterprise Acquisition Corp.
 6800 Broken Sound Parkway
 Boca Raton, Florida 33487
 Attn: Daniel C. Staton,
Chief Executive Officer
	   	   	   	(561) 988-1700

	Trustee:
	   	   	   	 

	Continental Stock Transfer & Trust Company
 17 Battery Place
 New York, New York 10004
 Attn: Frank Di
Paolo, CFO
	   	   	   	(212) 845-3270

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