Document:

EX-10.13

EXHIBIT 10.13

SUBSCRIPTION AGREEMENT

     SUBSCRIPTION AGREEMENT (this “Agreement”) made as of this 2nd day of June, 2008 for
the benefit of Regian Acquisition Corp., a Delaware corporation (the “Company”), having its
principal place of business at 191 Post Road West, Westport, Connecticut 06880 by Regian Holdings,
LLC (“Subscriber”).

     WHEREAS, the Company desires to sell in a private placement an aggregate of 2,850,000 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, subject to adjustments, during the period
commencing on the later of: (i) the date on which the Company completes its Business Combination
(as such term is defined in the registration statement on Form S-1 relating to the Company’s IPO
(as defined below)), or (ii) the date which is one year from the date of the final prospectus
relating to the Company’s IPO, subject to certain conditions relating to the market price of the
Common Stock and other matters. The Warrants will expire at 5:00 p.m., New York City time, on the
date which is five years from the date of the final prospectus relating to the Company’s IPO or
earlier upon liquidation of the Company’s Trust Account (as defined below). For purposes of this
Agreement, “Business Day” means any day on which the American Stock Exchange is open for trading;
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 (as defined below), the
Warrants for an aggregate purchase price of $2,850,000 (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,
the Purchase Price by wire transfer of immediately available funds at the Closing.

     1.3. Closing. The closing (the “Closing”) of the purchase and sale of the Warrants
(the “Placement”), shall take place at the offices of the Company, immediately prior to the date of
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final prospectus relating to its initial public offering (the “IPO”) of units of Common Stock
and Warrants (the “Closing Date”).

     2. Representations and Warranties of the Subscriber

     Subscriber represents and warrants to the Company and agrees with the Company that:

     2.1. No Government Recommendation or Approval. Subscriber understands that no United
States federal or state agency or similar agency of any other country has passed upon or made any
recommendation or endorsement of the Company or the Placement of the Warrants or the Common Stock
issuable on exercise of the Warrants (the “Warrant Shares” and, collectively with the Warrants, the
“Securities”) or the fairness or suitability of the investment in the Securities by the Subscriber
nor have such authorities passed upon or endorsed the merits of the Placement of the Securities.

     2.2. Experience, Financial Capability and Suitability. The Subscriber is sufficiently
experienced in financial and business matters to be capable of evaluating the merits and risks of
this investment and to make an informed decision relating thereto. The Subscriber is aware his
investment in the Company is a speculative investment involving a high degree of risk that has
limited liquidity, because of the restrictions on resale of the Warrants and because there may
never be an established market for the Warrants (and the shares of Common Stock issuable upon
exercise of the underlying Warrants). The Subscriber has the financial capability for making the
investment and the investment is a suitable one for the Subscriber. The Subscriber can, without
impairing his financial condition, hold the Warrants in the amount contemplated by this Agreement
for an indefinite period of time. Subscriber has adequate means of providing for its current
financial needs and contingencies and will have no current or anticipated future needs for
liquidity which would be jeopardized by the investment in the Warrants. The Subscriber can afford
a complete loss of the investment in the Warrants. The Subscriber acknowledges that the Company has
urged the Subscriber to seek independent advice from professional advisors relating to the
suitability of an investment in the Company and in connection with this Agreement, and that the
Subscriber has sought and received such independent professional advice with respect to such
investment and this Agreement or, after careful consideration, the Subscriber has determined not to
seek and/or receive such independent professional advice. Subscriber is purchasing the Warrants
for investment for the Subscriber’s own account only and not with the a view to, or for resale in
connection with, any “distribution” thereof within the meaning of the Securities Act of 1933, as
amended (the “Securities Act”). The Subscriber understands that the Company is a blank check
development stage company recently formed for the purpose of consummating a Business Combination
(as defined below) and understands that there is no assurance as to the future performance of the
Company or that the Company may ever effect a Business Combination.

     2.3. Access to Information. Prior to the execution of this Agreement, the Subscriber
has had the opportunity to ask questions of and receive answers from representatives of the Company
concerning an investment in the Company, as well as the finances, operations, business and
prospects of the Company, and the opportunity to obtain additional information to verify the
accuracy of all information so obtained in order to make an informed and

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knowledgeable decision to acquire the Warrants. Prior to the execution of this Agreement, the
Subscriber has been furnished with all materials relating to the Company’s finances, operations,
business and prospects of the Company related to the offer and sale of the Warrants.

     2.4 Regulation D Offering. Subscriber understands that the Securities have not been
registered under the Securities Act of 1933, as amended (the “Securities Act”) or any state
securities law by reason of a specific exemption therefrom, and that the Company is relying on the
truth and accuracy of, and the Subscriber’s compliance with, the representations and warranties and
agreements of the Subscriber set forth herein to determine the availability of such exemptions and
the eligibility of the Subscriber to acquire such Securities, including, but not limited to, the
bona fide nature of the Subscriber’s investment intent as expressed herein. Subscriber represents
that it is an “accredited investor” as such term is defined in Rule 501(a) of Regulation D under
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 Subscriber further acknowledges and understands that the Securities
must be held indefinitely and may not be offered, sold, transferred, pledged or otherwise disposed
of unless registered under the Securities Act and, if applicable, the securities laws of any
applicable state or other jurisdiction or in the absence of such registration upon delivery to the
Company of an opinion of counsel satisfactory to the Company that such registration is not required
and Subscriber understands the certificates representing the Securities will contain a legend in
respect of such restrictions. The Subscriber did not decide to enter into this Agreement as a
result of any general solicitation or general advertising within the meaning of Rule 502 under the
Securities Act.

     2.5. Intent. Subscriber is purchasing the Securities solely for investment purposes,
for the Subscriber’s own account and not for the account or benefit of any person or entity, 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 and other applicable laws.

     2.6. Restrictions on Transfer. Subscriber acknowledges and understands the Warrants
are being offered in a transaction not involving a public offering within the meaning of the
Securities Act and that the Securities have not been registered under the Securities Act, and, if
in the future the Subscriber decides to offer, sell, transfer, pledge or otherwise dispose of the
Securities, such Securities may be offered, sold, transferred, pledged or otherwise disposed of
only if registered under the Securities Act and, if applicable, the securities laws of any
applicable state or other jurisdiction or pursuant to an exemption from such registration and upon
delivery to the Company of an opinion of counsel satisfactory to the Company that such registration
is not required. Absent registration or an available exemption from registration, the Subscriber
agrees it will not resell or otherwise transfer any Securities.

     2.7. Rule 144. From time to time, Subscriber may be eligible to sell all or some of
its Securities by means of ordinary brokerage transactions in the open market pursuant to Rule 144,

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promulgated under the Securities Act, subject to certain limitations. Subscriber understands
and acknowledges that pursuant to Rule 144, after satisfying a six month holding period: (i)
affiliated Subscribers may, under certain circumstances, sell within any three month period a
number of securities which does not exceed the greater of 1% of the then outstanding Securities of
the same class or the average weekly trading volume of the class during the four calendar weeks
prior to the filing of a Notice on Form 144 with respect to such sale and (ii) non-affiliated
Subscribers may sell without such limitations, provided the Company is current in its public
reporting obligations. Rule 144 also permits the sale of securities by non-affiliates that have
satisfied a one year holding period without any limitation or restriction. Subscriber further
understands and acknowledges that because the Company is a shell company, Subscriber may not sell
the Securities under Rule 144 unless the following conditions are met: (1) the Company has ceased
to be a shell company, (2) the Company is subject to the reporting requirements of Section 13 or
15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), (3) the Company has
filed all reports and other materials required to be filed by Section 13 or 15(d) of the Exchange
Act, as applicable, during the preceding 12 months, other than Form 8-K reports, and (4) one year
has elapsed since the Company has filed current “Form 10 information” with the Securities and
Exchange Commission (the “SEC”) reflecting its status as an entity that is no longer a shell
company.

     2.8 Power and Authorization. The Subscriber posses all requisite power and authority
necessary to enter into and carry out the transactions contemplated by this Agreement. The
execution and delivery of this Agreement, and performance of this Agreement, have been duly
authorized by the Company as of the date hereof. This Agreement constitutes the valid and binding
obligation of the Subscriber, enforceable in accordance with its terms. The execution and delivery
by the Subscriber of this Agreement, and the purchase of the Warrants and the fulfillment of and
compliance with the respective terms hereof and thereof by the Subscriber do not conflict with or
result in a breach of the terms, condition or provisions of, or constitute a default under the
organizational documents of, the Subscriber or any agreement, order, judgment or decree to which
the Subscriber is subject or its property is bound.

     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, par value $.0001 per share (the “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 organized,
validly existing and in good standing under the laws of the State of Delaware and is qualified to
do business in every jurisdiction in which the failure to so qualify would reasonably be expected
to have a material adverse effect on the financial condition, operating results or assets of the

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Company. The Company possesses all requisite and authority necessary to enter into this
Agreement and to carry out the transactions contemplated by this Agreement.

     3.3. Authorization; No Breach.

          (a) The execution and delivery of this Agreement, and performance of this Agreement have been
duly authorized by the Company as of the date hereof. This Agreement constitutes the valid and
binding obligation of the Company, enforceable in accordance with its terms.

          (b) The execution and delivery by the Company of this Agreement, and the sale and issuance of
the Warrants and the fulfillment of and compliance with the respective terms hereof and thereof by
the Company, do not and will not (i) conflict with or result in a breach of the terms, conditions
or provisions of, (ii) constitute a default under, (iii) result in the creation of any lien,
security interest, charge or encumbrance upon the Company’s capital stock or assets, (iv) result in
a violation of, or (v) require any authorization, consent, approval, exemption or other action by
or notice or declaration to, or filing with, any court or administrative or governmental body or
agency pursuant to the Certificate of Incorporation of the Company or the by-laws of the Company,
or any material law, statute, rule or regulation to which the Company is subject, or any agreement,
order, judgment or decree to which the Company is subject or by which its property is bound, except
for any filings required after the date hereof under federal or state securities laws.

     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 or a legend to the following effect 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 THE SECURITIES LAWS OF ANY STATE OR OTHER
JURISDICTION AND NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD,
TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED, AND IF APPLICABLE, THE SECURITIES LAWS OF ANY APPLICABLE STATE OR OTHER
JURISDICTION OR PURSUANT TO AN EXEMPTION FROM SUCH REGISTRATION AND UPON DELIVERY TO THE
COMPANY OF AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT
REQUIRED. IN ADDITION, THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
CERTAIN TRANSFER RESTRICTIONS SET FORTH IN A WARRANT AGREEMENT AND UNDER A SECURITIES ESCROW
AGREEMENT (THE “AGREEMENT”) AND MAY NOT BE OFFERED, SOLD, TRANSFERRED,

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PLEDGED OR OTHERWISE DISPOSED DURING THE TERM OF THE ESCROW PERIOD (AS DEFINED IN THE
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.”

     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 THE SECURITIES LAWS OF ANY STATE OR OTHER
JURISDICTION AND NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD,
TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT
AND, IF APPLICABLE, THE SECURITIES LAWS OF ANY APPLICABLE STATE OR OTHER JURISDICTION OR
PURSUANT TO AN EXEMPTION FROM SUCH REGISTRATION AND UPON DELIVERY TO THE COMPANY OF AN
OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.”

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 and when issued, the

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Warrant Shares, shall be held in escrow during the period beginning on and including the date
of the final prospectus relating to the IPO through and including the date specified in the final
prospectus for the IPO.

     6. Securities Laws Restrictions.

     In addition to the restrictions contained in the Escrow Agreement and any insider letter,
letter agreement or other similar 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 offer, sell, transfer, pledge or otherwise dispose of the Securities
unless registered under the Securities Act and, if applicable, the securities laws of any
applicable state or other jurisdiction or pursuant to an exemption from such registration and upon
delivery to the Company of an opinion of counsel satisfactory to the Company that such registration
is not required.

     7. Waiver of Redemption Rights and Liquidation Distributions.

     In connection with the Warrants purchased pursuant to this Agreement and the shares of Common
Stock issuable upon exercise thereof, and with respect to any Common Stock purchased by Subscriber
prior to the closing of the IPO, Subscriber hereby waives any and all redemption rights and 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 but no shares of Common Stock,
Warrants, units or other securities owned by the Subscriber shall be entitled to redemption rights.

     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 30 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.

     9. Rescission Right Waiver and Indemnification.

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     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
IPO 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 and waives any and all right, title, interest and Claims of any kind in or to, and any
and all rights to seek payment of amounts due to it out of, the Trust Account and any monies or
other assets in the Trust Account.

     9.3. Subscriber acknowledges and agrees the stockholders of the Company, Wachovia Capital
Markets, 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 that: (i) the Warrants (including the shares of Common Stock issuable upon exercise of
the Warrants) are subject to the transfer restrictions described in Section 5 and Section 6 of this
Agreement, (ii) the Warrants are not redeemable by the Company so long as they are held by the
Subscriber or its permitted assigns (as such term is defined in the Company’s final prospectus
relating to the IPO), and (iii) the Warrants may be exercised on a cashless basis at any time after
the Warrants become exercisable if held by the Subscriber or its permitted assigns.

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     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
New York 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.

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     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.

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     This subscription is accepted by the Company on the 2nd day of June, 2008.

	 	 	 	 	 
	 	REGIAN ACQUISITION CORP.

 	 
	 	By:  	/s/ John P. McNicholas
 	 
	 	 	Name:  	John P. McNicholas 	 
	 	 	Title:  	Co-Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	REGIAN HOLDINGS, LLC

 	 
	 	By:  	/s/ John P. McNicholas
 	 
	 	 	Name:  	John P. McNicholas 	 
	 	 	Title:  	Co-Manager 	 
	 

11EX-10.14

EXHIBIT 10.14

UNIT PURCHASE AGREEMENT

     UNIT PURCHASE AGREEMENT, dated as of June 2, 2008, by and between Frederick Gluck, an
individual with an address at 460 Ward Drive, Suite E1, Santa Barbara, California 93111
(“Purchaser”) and Regian Holdings, LLC, a Delaware limited liability company located at 191 Post
Road West, Westport, Connecticut 06880 (“Seller”).

W I T N E S S E T H:

     WHEREAS, Purchaser desires to purchase from the Seller and the Seller desires to sell to
Purchaser an aggregate of 28,750 units (the “Units”), each unit consisting of one share of common
stock, par value $.0001 per share (the “Common Stock”) of Regian Acquisition Corp. (the “Company”)
and one warrant to purchase one share of Common Stock, subject to adjustment, provided, however, up
to 3,750 of such Units are subject to forfeiture (the “Forfeiture”) by the Purchaser if the
underwriters of the initial public offering of the Company do not fully exercise their
over-allotment option.

     NOW, THEREFORE, in consideration of the mutual covenants contained herein, and intending to be
legally bound, the parties hereto agree as follows:

ARTICLE I

Purchase and Sale of Units

     Section 1.1 Purchase and Sale of Units. Upon the terms and subject to the conditions of this
Agreement and on the basis of the representations, warranties and agreements contained herein, and
subject to the Forfeiture Seller hereby sells, assigns, transfers and conveys to the Purchaser the
Units and the Purchaser hereby purchases the Units from the Seller for a per Unit cash purchase
price of $.00869 (an aggregate cash purchase price of $250.00 (the “Purchase Price”)). Purchaser
shall pay the Purchase Price by check payable to the order of Seller.

ARTICLE II

Representations and Warranties Regarding the Seller

     Seller hereby represents and warrants to the Purchaser and agrees with the Purchaser as
follows:

     Section 2.1 Authorization. Seller has the power and authority to enter into this Agreement
and to execute and deliver this Agreement and to perform his obligations hereunder. This Agreement
has been duly authorized, executed and delivered by Seller and constitutes the valid and binding
obligation of Seller, enforceable against Seller in accordance with its terms.

 

 

     Section 2.2 No Breach. The execution and delivery by the Seller of this Agreement, and the
sale of the Units and the fulfillment of and compliance with the respective terms hereof by the
Seller, do not and will not (i) conflict with or result in a breach of the terms, conditions or
provisions of, (ii) constitute a default under, (iii) result in the creation of any lien, security
interest, charge or encumbrance upon Seller’s capital stock or assets, (iv) result in a violation
of, or (v) require any authorization, consent, approval, exemption or other action by or notice or
declaration to, or filing with, any court or administrative or governmental body or agency pursuant
to the organizational documents and operating agreement of the Seller, or any material law,
statute, rule or regulation to which the Seller is subject, or any agreement, order, judgment or
decree to which the Seller is subject or by which its property is bound, except for any filings
required after the date hereof under federal or state securities laws.

     Section 2.3 Ownership of the Units. Seller owns the Units beneficially and of record, free
and clear of any liens, claims or encumbrances of any kind (collectively, “Encumbrances”). Upon
the sale in accordance with, and payment pursuant to, the terms hereof, the Purchaser will receive
good title to the Units, free and clear of all Encumbrances, other than (a) transfer restrictions
hereunder and under the other agreements contemplated hereby, (b) transfer restrictions under
federal and state securities laws, and (c) Encumbrances imposed due to the actions of the
Purchaser, and the sale of the Units to the Purchaser is not subject to any preemptive rights or
rights of first refusal or other similar rights.

     Section 2.4 Brokers. No Person is or will be entitled to a broker’s, finder’s, investment
banker’s, financial adviser’s or similar fee from it in connection with this Agreement or any of
the transactions contemplated hereby.

ARTICLE III

Representations, Warranties and Agreements Regarding the Purchaser

     Purchaser hereby represents and warrants to the Seller and agrees with the Seller as follows:

     Section 3.1 Power and Authorization. The Purchaser possesses all requisite power and
authority necessary to enter into this Agreement and to carry out the transactions contemplated by
this Agreement. This Agreement constitutes a valid and binding obligation of the Purchaser,
enforceable in accordance with its terms. The execution and delivery by the Purchaser of this
Agreement, and the purchase of the Units and the fulfillment of and compliance with the terms
hereof by the Purchaser, do not and will not conflict with or result in a breach of the terms,
conditions or provisions of, or constitute a default under any agreement, order, judgment or decree
to which the Purchaser is a party or is subject or by which its property is bound.

     Section 3.2 Brokers. No person is or will be entitled to a broker’s, finder’s, investment
banker’s, financial adviser’s or similar fee from it in connection with this Agreement or any of
the transactions contemplated hereby.

 

 

     Section 3.3 No Government Recommendation or Approval. The Purchaser understands that no
United States federal or state agency or similar agency of any other country, has passed upon or
made any recommendation or endorsement of the offering of the Units or the fairness or suitability
of the investment in the Units by the Purchaser nor have such authorities passed upon or endorsed
the merits of the private placement of the Units.

     Section 3.4 Experience, Financial Capability and Suitability. The Purchaser is sufficiently
experienced in financial and business matters to be capable of evaluating the merits and risks of
this investment and to make an informed decision relating thereto. The Purchaser is aware his
investment in the Company is a speculative investment involving a high degree of risk that has
limited liquidity, because of the restrictions on resale of the Units and because there may never
be an established market for the Company’s securities, including the Units and the shares of Common
Stock and Warrants included in the Units and the shares of Common Stock issuable upon exercise of
the underlying Warrants. The Purchaser has the financial capability for making the investment and
the investment is a suitable one for the Purchaser. The Purchaser can, without impairing his
financial condition, hold the Units in the amount contemplated by this Agreement for an indefinite
period of time. Purchaser has adequate means of providing for its current financial needs and
contingencies and will have no current or anticipated future needs for liquidity which would be
jeopardized by the investment in the Units. The Purchaser can afford a complete loss of the
investment in the Units. The Purchaser acknowledges that the Company has urged the Purchaser to
seek independent advice from professional advisors relating to the suitability of an investment in
the Company and in connection with this Agreement, and that the Purchaser has sought and received
such independent professional advice with respect to such investment and this Agreement or, after
careful consideration, the Purchaser has determined not to seek and/or receive such independent
professional advice. Purchaser is purchasing the Securities (as defined below) for investment for
the Purchaser’s own account only and not with a view to, or for resale in connection with, any
“distribution” thereof within the meaning of the Securities Act of 1933, as amended (the
“Securities Act”). The Purchaser understands that the Company is a blank check development stage
company recently formed for the purpose of consummating a Business Combination (as defined below)
and understands that there is no assurance as to the future performance of the Company or that the
Company may ever affect a Business Combination.

     Section 3.5 Access to Information. Prior to the execution of this Agreement, the Purchaser
has had the opportunity to ask questions of and receive answers from representatives of the Company
concerning an investment in the Company, as well as the finances, operations, business and
prospects of the Company, and the opportunity to obtain additional information to verify the
accuracy of all information so obtained in order to make an informed and knowledgeable decision to
acquire the Units. Prior to the execution of this Agreement, the Purchaser has been furnished with
all materials relating to the Company’s finances, operations, business and prospects of the Company
related to the offer and sale of the Units.

     Section 3.6 Restricted Securities. Purchaser understands that the Units, including the shares
of Common Stock and Warrants included in the Units and the shares of Common Stock issuable upon
exercise of the underlying Warrants, have not been registered under the Securities Act or any state
securities law by reason of a specific exemption therefrom, and that the Seller is

 

 

relying on the truth and accuracy of, and the Purchaser’s compliance with, the representations
and warranties and agreements of the Purchaser set forth herein to determine the availability of
such exemptions and the eligibility of the Purchaser to acquire the Units, including, but not
limited to, the bona fide nature of the Purchaser’s investment intent as expressed herein.
Purchaser represents that he is an “accredited investor” as such term is defined in Rule 501(a) of
Regulation D under 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, Purchaser acknowledges that such Units, the shares of Common Stock and Warrants
included in the Units, and the shares of Common Stock issuable upon exercise of the Warrants
(collectively, the “Securities”) will be “restricted securities” within the meaning of Rule
144(a)(3) under the Securities Act, and therefore Purchaser further acknowledges and understands
that the Securities must be held indefinitely and may not be offered, sold, transferred, pledged or
otherwise disposed of unless registered under the Securities Act and, if applicable, the securities
laws of any applicable state or other jurisdiction or in the absence of such registration upon
delivery to the Company of an opinion of counsel satisfactory to the Company that such registration
is not required and Purchaser understands the certificates representing the Securities will contain
a legend in respect of such restrictions. The Purchaser did not decide to enter into this
Agreement as a result of any general solicitation or general advertising within the meaning of Rule
502 under the Securities Act.

     Section 3.7 Restrictions on Transfer. Purchaser acknowledges and understands the Units are
being offered in a transaction not involving a public offering within the meaning of the Securities
Act and the Securities have not been registered under the Securities Act, and, if in the future the
Purchaser decides to offer, sell, transfer, pledge or otherwise dispose of the Securities, such
Securities may be offered, sold, transferred, pledged or otherwise disposed of only if registered
under the Securities Act and, if applicable, the securities laws of any applicable state or other
jurisdiction or pursuant to an exemption from such registration and upon delivery to the Company of
an opinion of counsel satisfactory to the Company that such registration is not required. Absent
registration or an available exemption from registration, the Purchaser agrees that it will not
resell or otherwise transfer the Securities.

     Section 3.8 Rule 144. From time to time, Purchaser may be eligible to sell all or some of its
Securities by means of ordinary brokerage transactions in the open market pursuant to Rule 144,
promulgated under the Securities Act, subject to certain limitations. Purchaser understands and
acknowledges that pursuant to Rule 144, after satisfying a six month holding period: (i) affiliated
Purchasers may, under certain circumstances, sell within any three month period a number of
securities which does not exceed the greater of 1% of the then outstanding Securities of the same
class or the average weekly trading volume of the class during the four calendar weeks prior to the
filing of a Notice on Form 144 with respect to such sale and (ii) non-affiliated Purchasers may
sell without such limitations, provided the Company is current in its public reporting obligations.
Rule 144 also permits the sale of securities by non-affiliates that have satisfied a one year
holding period without any limitation or restriction. Purchaser further understands and
acknowledges that because the Company is a shell company, Purchaser may not sell the Securities
under Rule 144 unless the following conditions are met: (1) the Company has ceased to be a shell
company, (2) the Company is subject to the reporting requirements of

 

 

Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
(3) the Company has filed all reports and other materials required to be filed by Section 13 or
15(d) of the Exchange Act, as applicable, during the preceding 12 months, other than Form 8-K
reports, and (4) one year has elapsed since the Company has filed current “Form 10 information”
with the Securities and Exchange Commission (the “SEC”) reflecting its status as an entity that is
no longer a shell company.

     Section 3.9 Pro-rata Forfeiture. Purchaser hereby acknowledges and agrees that up to 3,750 of
the Units are subject to forfeiture in the event that the underwriters’ over-allotment option is
not exercised, either partially or fully, as set forth in Article IV below herein.

Article IV

Forfeiture of Units; Escrow of Units; Wavier

     Section 4.1 Failure to Consummate Business Combination. All of the Securities initially
shall be subject to forfeiture to the Company in accordance with this Section 4. The Units shall
be forfeited to the Company in the event the Company does not consummate a Business Combination, as
such term is defined in the Company’s registration statement on Form S-1 (the “Registration
Statement”) under the Securities Act of 1933, as amended (the “Securities Act”), with respect the
Company’s initial public offering (the “IPO”) of its securities, within 24 months (or 30 months in
the event the Company has entered into a definitive agreement with respect to a Business
Combination and the stockholders have approved an extension for the purpose of consummating a
Business Combination) from the date of the final prospectus for the IPO.

     Section 4.2 Termination of Rights as Stockholder. If the Securities are forfeited in
accordance with this Section 4, then after such time the Purchaser (or successor in interest and
their transferees), shall no longer have any rights as a holder of such Securities, and the Company
shall take such action as is appropriate to cancel such Securities. In addition, the Purchaser
hereby irrevocably grants the Company a limited power of attorney for the purpose of effectuating
the foregoing.

     Section 4.3 Escrow. Upon consummation of the IPO, the Purchaser, and his transferees, shall
enter into a securities escrow agreement (the “Escrow Agreement”) with Continental Stock Transfer &
Trust Company (the “Escrow Agent”), whereby the Securities (and any shares of Common Stock which
may be issued as a dividend as a result of any stock split) shall be held in escrow and will not be
released until the expiration of the period (as such period may be extended) as described in the
section entitled “Principal Stockholders” in the final prospectus for the IPO.

     Section 4.4 Pro-rata Forfeiture. If the underwriters of the IPO fail to exercise any portion
or all of the over-allotment option granted to them prior to the expiration of such option, then
Purchaser shall automatically forfeit up to 3,750 Units (based upon the percentage of the
over-allotment option not exercised by the underwriters of the IPO), such that Purchaser and any
transferees of any of the Units purchased by Purchaser hereunder shall, in the aggregate,

 

 

beneficially own no greater than 0.20% of the total number of Units of the Company issued and
outstanding pursuant to the Securities Subscription Agreement dated February 7, 2008, between the
Company and the Seller and the Company’s IPO.

     Section 4.5 Waiver of Liquidation Distributions; Conversion Rights. In connection with the
Units and other Securities purchased pursuant to this Agreement and any other Company securities
purchased on a private placement basis, the Purchaser hereby waives any and all right, title,
interest or claim of any kind in or to any distributions by the Company from the Trust Account, as
such term is defined in the Registration Statement, 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 the Purchaser 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. However, in no event will Purchaser have the right to redeem any shares of Common Stock,
regardless of how acquired, in connection with any stockholder vote to extend the period to
consummate a Business Combination or with respect to a Business Combination.

Article V

Restrictions on Transfer

     Section 5.1 Securities Law Restrictions. In addition to the restrictions contained in the
Escrow Agreement and any insider letter, letter agreement or other similar agreement, Purchaser
agrees not to offer, sell, transfer, pledge or otherwise dispose of the Securities unless
registered under the Securities Act and, if applicable, the securities laws of any applicable state
or other jurisdiction or pursuant to an exemption from such registration and upon delivery to the
Company of an opinion of counsel satisfactory to the Company that such registration is not
required.

     Section 5.2 Restrictive Legends. All certificates representing the Units, the Common Stock
and the Warrants shall have endorsed thereon legends substantially as follows or to substantially
the same effect:

“THE SECURITIES REPRESENTED HEREBY (INCLUDING THE UNDERLYING COMMON STOCK
AND WARRANTS AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THE
UNDERLYING WARRANTS) HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE
OR OTHER JURISDICTION AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR
OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT AND, IF
APPLICABLE, THE SECURITIES LAWS OF ANY APPLICABLE STATE OR OTHER
JURISDICTION OR PURSUANT TO AN EXEMPTION FROM SUCH REGISTRATION AND UPON
DELIVERY TO THE COMPANY OF AN OPINION OF COUNSEL

 

 

SATSIFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.”

“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 ASSIGNED, HYPOTHECATED, DONATED, ENCUMBERED, SOLD, TRANSFERRED OR
OTHERWISE DISPOSED OF EXCEPT IN ACCORDANCE WITH THE AGREEMENT DURING THE
TERM OF THE ESCROW PERIOD (AS DEFINED IN THE AGREEMENT).”

     Section 5.3 Additional Units or Substituted Securities. In the event of the declaration of a
stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a
spin-off, a stock split, an adjustment in exercise price or terms, a recapitalization or a similar
transaction affecting the Company’s outstanding capital stock without receipt of consideration, any
new, substituted or additional securities or other property which are by reason of such transaction
distributed with respect to any Securities or any other securities into which such Securities
thereby become convertible shall immediately be subject to this Agreement, the Escrow Agreement and
any insider letter, letter agreement or other similar agreement.

ARTICLE VI

Survival, Amendment and Waiver

     Section 6.1 Survival. All representations and warranties made by the parties hereto in this
Agreement or in any other agreement, certificate or instrument provided for or contemplated hereby,
shall survive the execution and delivery hereof and any investigations made by or on behalf of the
parties.

     Section 6.2 Amendments. This Agreement (including the provisions of this Section 6.2) may
not be amended or modified except by an instrument in writing signed on behalf of all of the
parties affected by such amendment or modification.

     Section 6.3 Extension; Waiver. The parties hereto may (i) extend the time for performance of
any of the obligations or other acts of the other parties hereto, (ii) waive any inaccuracies in
the representations and warranties of the other parties hereto contained herein or in any document
delivered pursuant hereto, and (iii) waive compliance with any of the agreements of the other
parties hereto or satisfaction of any of the conditions to such party’s obligations contained
herein. Any agreement on the part of a party hereto to any such extension

 

 

or waiver shall be valid only if set forth in an instrument in writing signed on behalf of such
party. The failure of a party hereto to assert any of its rights hereunder shall not constitute a
waiver of such rights.

ARTICLE VII

Miscellaneous

     Section 7.1 Notices. All notices, requests, consents and other communications hereunder shall
be in writing, shall be addressed to the receiving party’s address set forth on the first page of
this Agreement or to such other address as a party may designate by notice hereunder, and shall be
either (a) delivered by hand, (b) sent by overnight courier, or (c) sent by certified mail, return
receipt requested, postage prepaid. All notices, requests, consents and other communications
hereunder shall be deemed to have been given either (i) if by hand, at the time of the delivery
thereof to the receiving party at the address of such party set forth above, (ii) if sent by
overnight courier, on the next business day following the day such notice is delivered to the
courier service, or (iii) if sent by certified mail, on the fifth (5th) business day
following the day such mailing is made.

     Section 7.2 Expenses. Each of the parties hereto shall pay its own expenses incident to this
Agreement and the transactions contemplated herein.

     Section 7.3 Governing Law; Consent to Jurisdiction; Waiver of Jury Trial. This Agreement
shall be governed by, and construed in accordance with, the internal laws of the State of New York,
without reference to the choice of law principles thereof. Each of the parties hereto irrevocably
submits to the exclusive jurisdiction of the courts of the State of New York for the purpose of any
suit, action, proceeding or judgment relating to or arising out of this Agreement and the
transactions contemplated hereby. Service of process in connection with any such suit, action or
proceeding may be served on each party hereto anywhere in the world by the same methods as are
specified for the giving of notices under this Agreement. Each of the parties hereto irrevocably
consents to the jurisdiction of any such court in any such suit, action or proceeding and to the
laying of venue in such court. Each party hereto irrevocably waives any objection to the laying of
venue of any such suit, action or proceeding brought in such courts and irrevocably waives any
claim that any such suit, action or proceeding brought in any such court has been brought in an
inconvenient forum. EACH OF THE PARTIES HERETO WAIVES ANY RIGHT TO REQUEST A TRIAL BY JURY IN ANY
LITIGATION WITH RESPECT TO THIS AGREEMENT AND REPRESENTS THAT COUNSEL HAS BEEN CONSULTED
SPECIFICALLY AS TO THIS WAIVER.

     Section 7.4 Further Assurances. Purchaser agrees to execute such further instruments and to
take such further action as may reasonably be necessary to carry out the intent of this Agreement.

     Section 7.5 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 electronic 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.

     Section 7.6 Titles and Headings. The titles and headings in this Agreement are for reference
purposes only, and shall not in any way affect the meaning or interpretation of this Agreement.

     Section 7.7 Entire Agreement. This Agreement constitutes the entire agreement among the
parties with respect to the matters covered hereby and thereby and supersedes all previous written,
oral or implied understandings among them with respect to such matters. No statement,
representation, warranty, covenant or agreement of any kind not expressly set forth in this
Agreement shall affect, or be used to interpret, change or restrict, the express terms and
provisions of this Agreement.

     Section 7.8 Assignment. The rights and obligations under this Agreement may not be assigned
by either party hereto without the prior written consent of the other party.

     Section 7.9 Benefit. All statements, representations, warranties, covenants and agreements
in this Agreement shall be binding on the parties hereto and shall inure to the benefit of the
respective successors and permitted assigns of each party hereto. Nothing in this Agreement shall
be construed to create any rights or obligations except among the parties hereto, and no person or
entity shall be regarded as a third-party beneficiary of this Agreement.

     Section 7.10 Severability. In the event that any court of competent jurisdiction shall
determine that any provision, or any portion thereof, contained in this Agreement shall be
unreasonable or unenforceable in any respect, then such provision shall be deemed limited to the
extent that such court deems it reasonable and enforceable, and as so limited shall remain in full
force and effect. In the event that such court shall deem any such provision, or portion thereof,
wholly unenforceable, the remaining provisions of this Agreement shall nevertheless remain in full
force and effect.

     Section 7.11 No Waiver of Rights, Powers and Remedies. No failure or delay by a party
hereto in exercising any right, power or remedy under this Agreement, and no course of dealing
between the parties hereto, shall operate as a waiver of any such right, power or remedy of such
party. No single or partial exercise of any right, power or remedy under this Agreement by a party
hereto, nor any abandonment or discontinuance of steps to enforce any such right, power or remedy,
shall preclude such party from any other or further exercise thereof or the exercise of any other
right, power or remedy hereunder. The election of any remedy by a party hereto shall not
constitute a waiver of the right of such party to pursue other available remedies. No notice to or
demand on a party not expressly required under this Agreement shall entitle the party receiving
such notice or demand to any other or further notice or demand in similar or other

 

 

circumstances or constitute a waiver of the rights of the party giving such notice or demand to any
other or further action in any circumstances without such notice or demand.

     Section 7.12 No Broker or Finder. Each of the parties hereto represents and warrants to the
other that no broker, finder or other financial consultant has acted on their behalf in connection
with this Agreement or the transactions contemplated hereby in such a way as to create any
liability on the other. Each of the parties hereto agrees to indemnify and save the other harmless
from any claim or demand for commission or other compensation by any broker, finder, financial
consultant or similar agent claiming to have been employed by or on behalf of such party and to
bear the cost of legal expenses incurred in defending against any such claim.

     Section 7.13 Interpretation. Unless otherwise indicated to the contrary herein by the context
or use thereof: (i) the words, “herein,” “hereto,” “hereof” and words of similar import refer to
this Agreement as a whole and not to any particular Section or paragraph hereof; (ii) words
importing the masculine gender shall also include the feminine and neutral genders, and vice versa;
and (iii) words importing the singular shall also include the plural, and vice versa.

     Section 7.14 No Strict Construction. Each of the parties hereto acknowledges that this
Agreement has been prepared jointly by the parties hereto, and shall not be strictly construed
against either party.

[SIGNATURES ON FOLLOWING PAGE]

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of
the day and year first above written.

	 	 	 	 	 
	 	SELLER:

REGIAN HOLDINGS, LLC

 	 
	 	By:  	/s/ John P. McNicholas
 	 
	 	 	Name:  	John P. McNicholas 	 
	 	 	Title:  	Co-Manager 	 
	 
	 	PURCHASER:

 	 
	 	/s/ Frederick Gluck
 	 
	 	Frederick Gluck

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