Document:

Exhibit 10.5  

                        ,
2006 

Taliera
Corporation

250 East 96th Street, Suite 415

Indianapolis, Indiana 46240 

Morgan
Joseph & Co. Inc.

600 Fifth Avenue, 19th Floor

New York, New York 10020 

	Re:
	Initial
Public Offering 

Ladies
and Gentlemen: 

        The
undersigned director of Taliera Corporation (the "Company"), in consideration of Morgan Joseph & Co. Inc.
("Morgan Joseph") entering into a letter of intent to act as lead underwriter in connection with the initial public offering of the securities of the
Company ("IPO"), hereby agrees as follows: 

        1.     The
undersigned shall take all actions within his power to cause the Company to liquidate and dissolve under the circumstances contemplated by Article Six of the First
Amended and Restated Certificate of Incorporation of the Company (the "Certificate") provided that at the Distribution Date (as defined in the
Certificate) the undersigned is a director and/or officer. 

        2.     The
undersigned will escrow all of the shares of common stock of the Company owned by him immediately prior to the IPO until one year after the Company consummates a
Business Combination, subject to the terms of the stock escrow agreement that the Company will enter into with the undersigned and an escrow agent acceptable to the Company. 

        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 (as
defined in the Certificate), the liquidation of the Company or until such time as the undersigned is neither an officer nor director of the Company, subject to any pre-existing fiduciary
and contractual obligations the undersigned might have. 

        4.     The
undersigned acknowledges that the Company has agreed not to consummate any Business Combination that involves a company that is affiliated with any director, officer
or stockholder of the Company immediately prior to the consummation of the IPO unless the Company obtains an opinion from an independent investment banking firm, reasonably acceptable to Morgan
Joseph, to the effect that the Business Combination is fair to the Company's stockholders from a financial perspective. 

        5.     Neither
the undersigned, any member of the family of the undersigned, nor any affiliate of the undersigned will be entitled to receive from the Company, and will not
accept from the Company, any compensation for services rendered to the Company prior to the consummation of the Business Combination except as described in the registration statement filed with and
declared effective by the Securities and Exchange Commission in connection with the IPO (the "Registration Statement"). 

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

        7.     The
undersigned agrees not to resign (or advise the Company's Board of Directors that the undersigned declines to seek re-election to the Board of Directors)
from his position as a director of the Company as set forth in the Registration Statement, except for health reasons, without the prior consent of Morgan Joseph until the earlier of the consummation
by the Company of a Business Combination, liquidation of the Trust Account (as defined in the Certificate), or the liquidation of the Company. The undersigned acknowledges that the foregoing does not
interfere with or limit in any way the power of the Company's Board of Directors to remove the undersigned as a director. 

        8.     The
undersigned's biographical information set forth in the Registration Statement is true and accurate in all respects, does not omit any material information with
respect to the undersigned's background during the previous five years 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 Director's and 

Officer's
Questionnaire furnished to the Company in connection with the Registration Statement is true and accurate in all respects. The undersigned represents and warrants that: 

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

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

        9.     If
the Company solicits approval of its stockholders of a Business Combination, the undersigned will vote all Insider Shares owned by him in accordance with the majority
of the votes cast by the holders of the IPO Shares. 

        10.   If
the Company solicits approval of its stockholders of a Business Combination, the undersigned will vote all shares of Common Stock owned by the undersigned immediately
prior to the IPO in accordance with the majority of the votes cast by the holders of the IPO Shares. 

        11.   The
undersigned has full right and power, without violating any agreement by which he is bound, to enter into this letter agreement. 

        12.   This
letter agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware, without giving effect to conflicts of law
principles that would result in the application of the substantive laws of another jurisdiction. The undersigned hereby (i) agrees that any action, proceeding or claim against him arising out
of or relating in any way to this letter agreement (a "Proceeding") shall be brought and enforced in the courts of the State of Delaware, and
irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient
forum. 

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

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

        IN
WITNESS WHEREOF, the undersigned officer and/or director has executed this agreement as of the date first written 

	

 	

Signature:	

  

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Exhibit 10.7  

FORM OF

INVESTMENT MANAGEMENT TRUST AGREEMENT  

        This Investment Management Trust Agreement ("Agreement") is made as
of                        , 2006 by and between
Taliera Corporation (the "Company") and Continental Stock Transfer & Trust Company ("Trustee"). 

        WHEREAS,
the Company's registration statement on Form S-1, No. 333-136097 ("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,
the Company has entered into an underwriting agreement with Morgan Joseph & Co. Inc. ("MJ"), acting as
representative of the underwriters (collectively, the "Underwriters") in the IPO, pursuant to which, among other matters, the Underwriters have agreed to purchase from the Company, and effect an IPO
of, 7,500,000 Units, each Unit consisting of one share of the Company's Common Stock, par value $.0001 per share ("Common Stock"), and one warrant
("Warrant"), each Warrant to purchase one share of Common Stock, all as more fully described in the Registration Statement; and 

        WHEREAS,
as described in the Registration Statement, and in accordance with the Company's Certificate of Incorporation, $57,150,000 of the gross proceeds of the IPO and sale of the
Insider Units ($65,600,000 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, 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 segregated trust accounts ("Trust
Account") established by the Trustee at J.P. Morgan Chase Bank, selected by the Trustee and at Smith Barney, a division of Citigroup Global Markets, Inc.; 

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

        (c)   In
a timely manner, upon the written instruction of the Company, to invest and reinvest the Property in United States "government securities" and/or in any open ended
money market funds 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. As used herein, "Government Security" means any Treasury Bill issued by the United States, having a maturity of one hundred and eighty days or less; 

        (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 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 its 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 to do so; 

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

        (i)    Commence
liquidation of the Trust Account 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 Chief Executive
Officer, President 

 

or
Chairman of the Board or Secretary and affirmed by its Board of Directors, 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 18-month anniversary of the closing ("Closing") of the IPO ("First
Date"), or the 24-month anniversary of the Closing ("Last Date") in the event that a letter of intent, agreement in
principle or definitive agreement for a Business Combination has been executed on or prior to the First Date but the Business Combination has not been consummated by the First 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 record date established by the Company for such purpose. The Company shall set the record date to be within ten (10) days of the Last Date, or as soon thereafter
as reasonably practicable and legally permissible. In all cases, the Trustee shall provide MJ with a copy of any Termination Letters and/or any other correspondence that it receives with respect to
any proposed withdrawal from the Trust Account promptly after it receives same. The provisions of this Section 1(i) may not be modified, amended or deleted under any circumstances; and 

        (j)    Upon
written instructions from the Company, in a form substantially similar to that attached hereto as Exhibit C,
the Trustee shall deliver to the Company, on a quarterly basis, an amount equal to the taxes payable by the Company, if any, relating to interest earned on the Property; provided, however, that such
distribution shall be only from income collected on the Property. 

2.    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 Chief Executive Officer. In addition, except with respect to
its duties under paragraph 1(i) 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)   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, willful misconduct or bad faith. 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
unless such settlement includes a full release of the Company with respect to such Indemnified Claim. The Company may participate in such action with its own counsel; 

        (c)   Pay
the Trustee an initial acceptance fee, an annual fee and a transaction processing fee for each disbursement made pursuant to Sections 1(j) 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 and further agreed that said
transaction processing fees shall be deducted by the Trustee from accumulated income at the time that disbursements are made to the Company pursuant to Section 1(j). 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
2(c) and as may be provided in Section 2(b) hereof (it being expressly understood that the Property shall not be used to make any payments to the Trustee under such Sections). 

        (d)   Provide
to the Trustee any letter of intent, agreement in principle or definitive agreement for a Business Combination that is executed on or prior to the First Date;
and 

        (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 

2

 

tabulating
stockholder votes (which firm may be the Trustee) verifying the vote of the Company's stockholders regarding such Business Combination. 

3.    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 paragraph 1 hereof and the Trustee shall
have no liability to any party except for liability arising out of its own negligence, willful misconduct or bad faith; 

        (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) herein; 

        (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, willful misconduct or bad faith. 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 Business Combination consummated by the Company or any
other action taken by the Company is as contemplated by the Registration Statement; and 

        (h)   Subject
to the requirements of paragraph 1(j) of this Agreement, pay any taxes on behalf of the Trust Account to any governmental entity or taxing authority. 

4.    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
(90) 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 that arises due to any actions or omissions to act by any
party after such deposit; 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 2(b). 

5.    Miscellaneous. 

        (a)   The
Company and the Trustee each acknowledge that the Trustee will follow the security procedures set forth below with respect to funds transferred from the Trust
Account. Upon receipt of written instructions, the Trustee will confirm such instructions with an Authorized Individual at an Authorized Telephone Number listed on the attached  Exhibit D. The
Company and the Trustee will each restrict access to confidential information relating 

3

 

to
such security procedures to authorized persons. Each party must notify the other party immediately if it has reason to believe unauthorized persons may have obtained access to such information, or
of any change in its authorized personnel. In executing funds transfers, the Trustee will rely upon account numbers or other identifying numbers of a beneficiary, beneficiary's bank or intermediary
bank, rather than names. The Trustee shall not be liable for any loss, liability or expense resulting from any error in an account number or other identifying number, provided it has accurately
transmitted the numbers provided. 

        (b)   This
Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflicts of law principles
that would result in the application of the substantive laws of another jurisdiction. This Agreement 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 MJ. 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

Fax No.: (212) 509-5150 

if
to the Company, to: 

Taliera
Corporation

250 East 96th Street, Suite 415

Indianapolis, Indiana 46240

Attn: J. Smoke Wallin

Fax No.: (317) 574-6424 

in
either case with a copy to: 

Morgan
Joseph & Co. Inc.

600 Fifth Avenue, 19th Floor

New York, New York 10020

Attn: Michael Powell

Fax No.: (212) 218-3719 

and

Ice
Miller LLP

One American Square

Suite 3100

Indianapolis, Indiana 46282-0200

Attn: Joseph E. DeGroff, Esq.

Fax No. (317) 592-4637 

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

        (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 

4

 

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 MJ is a third party beneficiary of this Agreement. 

        (i)    The
Trustee hereby consents to the inclusion of Continental Stock Transfer & Trust Company in the Registration Statement and other materials relating to the IPO. 

[Signature
Page Follows] 

5

 

        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:
	

 	

TALIERA CORPORATION
	

 	

By:	

  

	 	 	Name: J. Smoke Wallin
	 	 	Title: Chief Executive Officer

6

 
 

SCHEDULE A    
    

Schedule
of fees pursuant to Section 2(c) of Investment Management Trust Agreement

between Taliera Corporation and

Continental Stock Transfer & Trust Company 

	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 1(j)	 	Deduction by Trustee from accumulated income following disbursement made to Company under Section 1(j)	 	$	250

	

 	
 	

Agreed:
	

Dated:                            , 2006	
 	

 	

 
	 	 	Taliera Corporation
	

 	
 	

By:	

    
 Authorized Officer
	

 	
 	

Continental Stock Transfer & Trust Co.
	

 	
 	

By:	

    
 Authorized Officer

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. 530-                        Termination Letter 

Gentlemen:

        Reference
is made to that certain Investment Management Trust Agreement by and between Taliera Corporation ("Company") and Continental
Stock Transfer & Trust Company ("Trustee"), dated as
of                        , 2006 ("Trust
Agreement"), pursuant to paragraph 1(i) of the Trust Agreement, the Company hereby advises you that it has entered into a definitive agreement to consummate a
Business Combination (as defined in the Trust Agreement) 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, the Company hereby authorizes 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) the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to
you (a) a certificate of an Authorized officer 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 notification 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 the funds held in the Trust Account shall be reinvested as provided in the
Trust Agreement on the business day immediately following the Consummation Date as set forth in the notice. 

	

 	

Very truly yours,
	

 	

TALIERA CORPORATION
	

 	

By:	

  
 J. Smoke Wallin, Chief Executive Officer
	

 	

By:	

  
 , Secretary

cc: Morgan Joseph & Co. Inc. 

EXHIBIT B  

	

 	
 	
[Letterhead of Company]	
 	

 
	

 	
 	
[Insert date]	
 	

 

Continental Stock Transfer

    & Trust Company

17 Battery Place

New York, New York 10004

Attn: 

	Re:
	Trust
Account No. 530-            Termination Letter 

Gentlemen:

        Reference
is made to that certain Investment Management Trust Agreement by and between Taliera Corporation ("Company") and Continental
Stock Transfer & Trust Company ("Trustee"), dated as
of                        , 2006 ("Trust
Agreement"), pursuant to section 1(i) of the Trust Agreement, the Company hereby advises you that the Company has been unable to effect a Business Combination (as
defined in the Trust Agreement) 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. The Company will establish a record date for the purposes of
determining the stockholders entitled to receive their pro rata share of liquidation proceeds from the Trust Account. The record date shall be within ten (10) days of the date of this letter or
as soon thereafter as is reasonably practicable and legally permissible. You will notify the Company in writing as to when all of the funds in the Trust Account will be available for immediate
transfer ("Transfer Date") in accordance with the terms of the Trust Agreement and the Amended and Restated Certificate of Incorporation of the Company.
You shall commence distribution of such funds in accordance with the terms of the Trust Agreement and the Certificate of Incorporation of the Company and you shall oversee the distribution of the
funds. Upon the distribution of all the funds in the Trust Account, your obligations under the Trust Agreement shall be terminated. 

	

 	

Very truly yours,
	

 	

TALIERA CORPORATION
	

 	

By:	
 	

  
 J. Smoke Wallin, Chief Executive Officer
	

 	

By:	
 	

  
 , Secretary

cc: Morgan Joseph & 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. 530-                         

Gentlemen:

        Reference
is made to that certain Investment Management Trust Agreement by and between Taliera Corporation ("Company") and Continental
Stock Transfer & Trust Company ("Trustee"), dated as
of                        , 2006 ("Trust
Agreement"), pursuant to paragraph 1(j) of the 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 its tax obligations. 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,
	

 	

TALIERA CORPORATION
	

 	

By:	

  
 J. Smoke Wallin, Chief Executive Officer
	

 	

By:	

  
 , Secretary

cc: Morgan Joseph & Co. Inc. 

EXHIBIT D  

	AUTHORIZED INDIVIDUAL(S)

FOR TELEPHONE CALL BACK
	 	AUTHORIZED

TELEPHONE NUMBER(S)

	
Company:	
 	

 
	

Taliera Corporation

250 East 96th Street, Suite 415

Indianapolis, Indiana 46240

Attn: J. Smoke Wallin, Chief Executive Officer

Attn: S.K. (Skeeter) Johnston, III, Chairman of the Board	
 	

(317) 496-6660
	
Trustee:	
 	

 
	

Continental Stock Transfer

    & Trust Company

17 Battery Place

New York, New York 10004

Attn: Steven G. Nelson, Chairman	
 	

(212) 845-3200

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