Document:

Unassociated Document

    [____],
      2008

    

    Consumer
      Partners Acquisition Corp.

    11150
      Santa Monica Blvd., Suite 700

    Los
      Angeles, CA 90025

    

    Broadband
      Capital Management, LLC

    Individually,
      and as representative of the several underwriters

    712
      Fifth
      Avenue, 49th
      Floor

    New
      York,
      NY 10019

     

    Re: Initial
      Public Offering

     

    Ladies
      and Gentlemen:

     

    The
      undersigned officer of Consumer Partners Acquisition Corp. (“Company”),
      in
      consideration of Broadband Capital Management, LLC, individually, and as
      representative of the underwriters (the “Underwriter”)
      agreeing to underwrite an initial public offering (“IPO”)
      of the
      Company’s units (“Units”),
      each
      comprised of two shares of the Company’s common stock, par value $.0001 per
      share (“Common
      Stock”),
      and
      one warrant exercisable for one share of Common Stock (“Warrant”),
      and
      embarking on the IPO process, hereby agrees as follows (certain capitalized
      terms used herein are defined in paragraph 17 hereof):

     

    1.  If
      the
      Company solicits approval of its stockholders of a Business Combination, the
      undersigned will (i) vote all Insider Shares beneficially owned by such person
      in accordance with the majority of the votes cast by the holders of the IPO
      Shares and (ii) vote any shares of Common Stock acquired following or in the
      IPO
      in favor of the Business Combination.

     

    2.  In
      the
      event that the Company fails to consummate a Business Combination within 24
      months after the consummation of the IPO (the “Effective
      Date”),
      the
      undersigned will (i) cause the Trust Account to be liquidated and distributed
      to
      the holders of IPO Shares and (ii) take all reasonable actions within his power
      to cause the Company to liquidate as soon as reasonably practicable. The
      undersigned hereby waives any and all right, title, interest or claim of any
      kind in or to any distribution of the Trust Account and any remaining net assets
      of the Company as a result of such liquidation with respect to the Insider
      Shares beneficially owned by him (“Claim”)
      and
      hereby waives any Claim the undersigned may have in the future as a result
      of,
      or arising out of, any contracts or agreements with the Company and will not
      seek recourse against the Trust Account for any reason whatsoever. The
      undersigned hereby agrees that the Company shall be entitled to reimbursement
      from the undersigned for any distribution of the Trust Account, or any other
      amounts distributed by the Company in connection with a liquidating
      distribution, received by the undersigned in respect of the undersigned’s
      Insider Shares. 

     

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

     

    4.  The
      undersigned acknowledges and agrees that in the event that the Company
      consummates a Business Combination that involves a company that is affiliated
      with any of the Insiders, the Company will obtain an opinion from an independent
      investment banking firm that the Business Combination is fair to the Company’s
      unaffiliated stockholders from a financial perspective.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    5.  Neither
      the undersigned, nor any affiliate of the undersigned (“Affiliate”), shall
      be entitled to receive, and will not accept, any compensation for services
      rendered to the Company prior to, or in connection with, the consummation of
      the
      Business Combination
      except
      as disclosed in the Company’s registration statement on Form S-1 (No.
      333-148396).

     

    6.  The
      undersigned agrees that none of the undersigned, any member of the immediate
      family of the undersigned or any Affiliate of the undersigned will be entitled
      to receive or accept, and the undersigned, on behalf of the undersigned and
      the
      aforementioned parties, hereby waives any rights to, a finder’s fee or any other
      compensation from the Company in the event the undersigned, any member of the
      immediate family of the undersigned or any Affiliate of the undersigned
      originates a Business Combination.

     

    7.  The
      undersigned will escrow all of the Insider Shares beneficially owned by him
      acquired prior to the IPO until one year after the consummation by the Company
      of a Business Combination subject to the terms of a Stock Escrow Agreement
      which
      the Company will enter into with the undersigned and an escrow agent acceptable
      to the Company. 

     

    8.  The
      undersigned agrees to serve as an officer of the Company until the earlier
      of
      the consummation by the Company of a Business Combination or the liquidation
      of
      the Company.  The undersigned’s biographical information furnished to the
      Company and the Underwriter and attached hereto as Exhibit
      A
      is true
      and accurate in all respects, does not omit any material information with
      respect to the undersigned’s background and contains all of the information
      required to be disclosed pursuant to Item 401 of Regulation S-K promulgated
      under the Securities Act of 1933, as amended.  The undersigned’s
      questionnaire furnished to the Company and the Underwriter, and attached hereto
      as Exhibit
      B,
      is true
      and accurate in all respects.  The undersigned further represents and
      warrants to the Company and the Underwriter that:

     

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

     

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

     

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

     

    9.  The
      undersigned has full right and power, without violating any agreement by which
      the undersigned is bound, to enter into this letter agreement and to serve
      as an
      officer of the Company.

     

    10.  This
      letter agreement shall be binding on the undersigned and such person’s
      successors, heirs, personal representatives and assigns. This letter agreement
      shall terminate on the earlier of (i) the date of the Company’s consummation of
      a Business Combination or (ii) the dissolution and liquidation of the Company;
      provided,
      however,
      that
      any such termination shall not relieve the undersigned from any liability
      resulting from or arising out of any breach of any agreement or covenant
      hereunder occurring prior to the termination of this letter
      agreement.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    11.  The
      undersigned hereby waives his right to exercise conversion rights with respect
      to any shares of the Company’s Common Stock owned or to be owned by the
      undersigned, directly or indirectly, and agrees that she will not seek
      conversion with respect to such shares in connection with any vote to approve
      a
      Business Combination.

     

    12.  The
      undersigned hereby agrees to not propose, or vote in favor of, any amendment
      to
      the Company’s Amended and Restated Certificate of Incorporation to extend the
      period of time in which the Company must consummate a Business Combination
      prior
      to its liquidation. This paragraph may not be modified or amended under any
      circumstances.

     

    13.  The
      undersigned authorizes any employer, financial institution, or consumer credit
      reporting agency to release to the Underwriter and its legal representatives
      or
      agents (including any investigative search firm retained by the Underwriter)
      any
      information they may have about the undersigned’s background and finances
      (“Information”)
      and
      hereby ratifies any such action that shall have been taken prior to the date
      of
      this letter agreement.  Neither the Underwriter nor its agents shall be
      violating, or shall have violated, the undersigned’s right of privacy in any
      manner in requesting and obtaining the Information and the undersigned hereby
      releases them from liability for any damage whatsoever in that
      connection.

     

    14.  The
      undersigned acknowledges and understands that the Underwriter and the Company
      will rely upon the agreements, representations and warranties set forth herein
      in proceeding with the IPO. Nothing contained herein shall be deemed to render
      the Underwriter a representative of, or a fiduciary with respect to, the
      Company, its stockholders, or any creditor or vendor of the Company with respect
      to the subject matter hereof.

     

    15.  This
      letter agreement shall be governed by, and interpreted and construed in
      accordance with, the laws of the State of New York applicable to contracts
      formed and to be performed entirely within the State of New York, without regard
      to the conflicts of law provisions thereof to the extent such principles and
      rules would require or permit the application of the laws of another
      jurisdiction. The undersigned hereby agrees that any action, proceeding or
      claim against the undersigned arising out of or relating in any way to this
      letter 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 undersigned hereby waives any objection to such exclusive
      jurisdiction and agrees not to object to such jurisdiction on the grounds that
      such courts represent an inconvenient forum.

     

    16.  No
      term
      or provision of this letter agreement may be amended, changed, waived, altered
      or modified except by written instrument executed and delivered by the party
      against whom such amendment, change, waiver, alteration or modification is
      to be
      enforced.

     

    17.  As
      used
      herein, (i) a “Business
      Combination”
shall
      mean the initial acquisition, or acquisition of control of, one or more
      operating businesses through a merger, capital stock exchange, asset
      acquisition, stock purchase, or other similar business combination; (ii)
“Insiders”
shall
      mean all officers, directors and stockholders of the Company immediately prior
      to the IPO; (iii) “Insider
      Shares”
shall
      mean all of the shares of Common Stock of the Company acquired by an Insider
      prior to the IPO, a portion of which is subject to forfeiture in the event
      the
      Underwriter does not exercise the over-allotment option; (iv) “IPO
      Shares”
shall
      mean the shares of Common Stock issued in the Company’s IPO; and (v)
“Trust
      Account”
shall
      mean the trust account into which the net proceeds of the Company’s IPO will be
      deposited.

     

    [The
      remainder of this page intentionally left blank]

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    Name:
      Edward J. Latessa

     

                                                                             

    Signature

     

    Accepted
      and agreed:

    

    BROADBAND
      CAPITAL MANAGEMENT, LLC

    Individually
      and as representative of the several underwriters

    

    

    By:                                                                            

    Name: 

    Title:   

     

    Accepted
      and agreed:

     

    CONSUMER
      PARNTERS ACQUISITION CORP.

    

    

    

    By:
                                                                            

    Name: Dana
      D.
      Messina

    Title:
      Chief Executive Officer 

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    EXHIBIT
      A

     

     

    [insert
      biography from S-1]

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    EXHIBIT
      B

     

     

    [questionnaire]

     

     

    
 

    6Unassociated Document

    [____],
      2008

    

    Consumer
      Partners Acquisition Corp.

    11150
      Santa Monica Blvd., Suite 700

    Los
      Angeles, CA 90025

    

    Broadband
      Capital Management, LLC

    Individually,
      and as representative of the several underwriters

    712
      Fifth
      Avenue, 49th
      Floor

    New
      York,
      NY 10019

     

    Re: Initial
      Public Offering

     

    Ladies
      and Gentlemen:

     

    The
      undersigned officer of Consumer Partners Acquisition Corp. (“Company”),
      in
      consideration of Broadband Capital Management, LLC, individually, and as
      representative of the underwriters (the “Underwriter”)
      agreeing to underwrite an initial public offering (“IPO”)
      of the
      Company’s units (“Units”),
      each
      comprised of two shares of the Company’s common stock, par value $.0001 per
      share (“Common
      Stock”),
      and
      one warrant exercisable for one share of Common Stock (“Warrant”),
      and
      embarking on the IPO process, hereby agrees as follows (certain capitalized
      terms used herein are defined in paragraph 17 hereof):

     

    1.  If
      the
      Company solicits approval of its stockholders of a Business Combination, the
      undersigned will (i) vote all Insider Shares beneficially owned by such person
      in accordance with the majority of the votes cast by the holders of the IPO
      Shares and (ii) vote any shares of Common Stock acquired following or in the
      IPO
      in favor of the Business Combination.

     

    2.  In
      the
      event that the Company fails to consummate a Business Combination within 24
      months after the consummation of the IPO (the “Effective
      Date”),
      the
      undersigned will (i) cause the Trust Account to be liquidated and distributed
      to
      the holders of IPO Shares and (ii) take all reasonable actions within his power
      to cause the Company to liquidate as soon as reasonably practicable. The
      undersigned hereby waives any and all right, title, interest or claim of any
      kind in or to any distribution of the Trust Account and any remaining net assets
      of the Company as a result of such liquidation with respect to the Insider
      Shares beneficially owned by him (“Claim”)
      and
      hereby waives any Claim the undersigned may have in the future as a result
      of,
      or arising out of, any contracts or agreements with the Company and will not
      seek recourse against the Trust Account for any reason whatsoever. The
      undersigned hereby agrees that the Company shall be entitled to reimbursement
      from the undersigned for any distribution of the Trust Account, or any other
      amounts distributed by the Company in connection with a liquidating
      distribution, received by the undersigned in respect of the undersigned’s
      Insider Shares. 

     

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

     

    4.  The
      undersigned acknowledges and agrees that in the event that the Company
      consummates a Business Combination that involves a company that is affiliated
      with any of the Insiders, the Company will obtain an opinion from an independent
      investment banking firm that the Business Combination is fair to the Company’s
      unaffiliated stockholders from a financial perspective.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    5.  Neither
      the undersigned, nor any affiliate of the undersigned (“Affiliate”), shall
      be entitled to receive, and will not accept, any compensation for services
      rendered to the Company prior to, or in connection with, the consummation of
      the
      Business Combination
      except
      as disclosed in the Company’s registration statement on Form S-1 (No.
      333-148396).

     

    6.  The
      undersigned agrees that none of the undersigned, any member of the immediate
      family of the undersigned or any Affiliate of the undersigned will be entitled
      to receive or accept, and the undersigned, on behalf of the undersigned and
      the
      aforementioned parties, hereby waives any rights to, a finder’s fee or any other
      compensation from the Company in the event the undersigned, any member of the
      immediate family of the undersigned or any Affiliate of the undersigned
      originates a Business Combination.

     

    7.  The
      undersigned will escrow all of the Insider Shares beneficially owned by him
      acquired prior to the IPO until one year after the consummation by the Company
      of a Business Combination subject to the terms of a Stock Escrow Agreement
      which
      the Company will enter into with the undersigned and an escrow agent acceptable
      to the Company. 

     

    8.  The
      undersigned agrees to serve as an officer of the Company until the earlier
      of
      the consummation by the Company of a Business Combination or the liquidation
      of
      the Company.  The undersigned’s biographical information furnished to the
      Company and the Underwriter and attached hereto as Exhibit
      A
      is true
      and accurate in all respects, does not omit any material information with
      respect to the undersigned’s background and contains all of the information
      required to be disclosed pursuant to Item 401 of Regulation S-K promulgated
      under the Securities Act of 1933, as amended.  The undersigned’s
      questionnaire furnished to the Company and the Underwriter, and attached hereto
      as Exhibit
      B,
      is true
      and accurate in all respects.  The undersigned further represents and
      warrants to the Company and the Underwriter that:

     

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

     

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

     

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

     

    9.  The
      undersigned has full right and power, without violating any agreement by which
      the undersigned is bound, to enter into this letter agreement and to serve
      as an
      officer of the Company.

     

    10.  This
      letter agreement shall be binding on the undersigned and such person’s
      successors, heirs, personal representatives and assigns. This letter agreement
      shall terminate on the earlier of (i) the date of the Company’s consummation of
      a Business Combination or (ii) the dissolution and liquidation of the Company;
      provided,
      however,
      that
      any such termination shall not relieve the undersigned from any liability
      resulting from or arising out of any breach of any agreement or covenant
      hereunder occurring prior to the termination of this letter
      agreement.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    11.  The
      undersigned hereby waives his right to exercise conversion rights with respect
      to any shares of the Company’s Common Stock owned or to be owned by the
      undersigned, directly or indirectly, and agrees that she will not seek
      conversion with respect to such shares in connection with any vote to approve
      a
      Business Combination.

     

    12.  The
      undersigned hereby agrees to not propose, or vote in favor of, any amendment
      to
      the Company’s Amended and Restated Certificate of Incorporation to extend the
      period of time in which the Company must consummate a Business Combination
      prior
      to its liquidation. This paragraph may not be modified or amended under any
      circumstances.

     

    13.  The
      undersigned authorizes any employer, financial institution, or consumer credit
      reporting agency to release to the Underwriter and its legal representatives
      or
      agents (including any investigative search firm retained by the Underwriter)
      any
      information they may have about the undersigned’s background and finances
      (“Information”)
      and
      hereby ratifies any such action that shall have been taken prior to the date
      of
      this letter agreement.  Neither the Underwriter nor its agents shall be
      violating, or shall have violated, the undersigned’s right of privacy in any
      manner in requesting and obtaining the Information and the undersigned hereby
      releases them from liability for any damage whatsoever in that
      connection.

     

    14.  The
      undersigned acknowledges and understands that the Underwriter and the Company
      will rely upon the agreements, representations and warranties set forth herein
      in proceeding with the IPO. Nothing contained herein shall be deemed to render
      the Underwriter a representative of, or a fiduciary with respect to, the
      Company, its stockholders, or any creditor or vendor of the Company with respect
      to the subject matter hereof.

     

    15.  This
      letter agreement shall be governed by, and interpreted and construed in
      accordance with, the laws of the State of New York applicable to contracts
      formed and to be performed entirely within the State of New York, without regard
      to the conflicts of law provisions thereof to the extent such principles and
      rules would require or permit the application of the laws of another
      jurisdiction. The undersigned hereby agrees that any action, proceeding or
      claim against the undersigned arising out of or relating in any way to this
      letter 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 undersigned hereby waives any objection to such exclusive
      jurisdiction and agrees not to object to such jurisdiction on the grounds that
      such courts represent an inconvenient forum.

     

    16.  No
      term
      or provision of this letter agreement may be amended, changed, waived, altered
      or modified except by written instrument executed and delivered by the party
      against whom such amendment, change, waiver, alteration or modification is
      to be
      enforced.

     

    17.  As
      used
      herein, (i) a “Business
      Combination”
shall
      mean the initial acquisition, or acquisition of control of, one or more
      operating businesses through a merger, capital stock exchange, asset
      acquisition, stock purchase, or other similar business combination; (ii)
“Insiders”
shall
      mean all officers, directors and stockholders of the Company immediately prior
      to the IPO; (iii) “Insider
      Shares”
shall
      mean all of the shares of Common Stock of the Company acquired by an Insider
      prior to the IPO, a portion of which is subject to forfeiture in the event
      the
      Underwriter does not exercise the over-allotment option; (iv) “IPO
      Shares”
shall
      mean the shares of Common Stock issued in the Company’s IPO; and (v)
“Trust
      Account”
shall
      mean the trust account into which the net proceeds of the Company’s IPO will be
      deposited.

     

    [The
      remainder of this page intentionally left blank]

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    Name:
      Ted
      Tawinganone

     

                                                                             

    Signature

     

    Accepted
      and agreed:

    

    BROADBAND
      CAPITAL MANAGEMENT, LLC

    Individually
      and as representative of the several underwriters

    

    

    By:                                                                            

    Name: 

    Title:   

     

    Accepted
      and agreed:

     

    CONSUMER
      PARNTERS ACQUISITION CORP.

    

    

    

    By:
                                                                            

    Name: Dana
      D.
      Messina

    Title:
      Chief Executive Officer 

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    EXHIBIT
      A

     

     

    [insert
      biography from S-1]

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    EXHIBIT
      B

     

     

    [questionnaire]

     

     

    
 

     

    6

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