Document:

Form of Subscription Agreement

 Exhibit 4.6 
 SUBSCRIPTION AGREEMENT 
 SUBSCRIPTION AGREEMENT (this “Agreement”) made as of this
     day of                     , 2007 for the benefit of Dekania Corp., a Delaware corporation (the
“Company”), having its principal place of business at 2929 Arch Street, Suite 1703, Philadelphia, Pennsylvania 19104, by Cohen Bros. Acquisitions, LLC, a limited liability company organized under the laws of Delaware (the
“Subscriber”), having its principal place of business at 2929 Arch Street, Suite 1703, Philadelphia, Pennsylvania 19104. 
 WHEREAS, the Company desires to sell, and the Subscriber desires to purchase, an aggregate of 250,000 units (the “Units”), consisting of one share of the Company’s common stock, par value $.0001 per share (the
“Common Stock”), and one warrant exercisable for one share of Common Stock (the “Warrants”), for a per Unit purchase price of $10.00 per share and an aggregate purchase price of $2,500,000, which proceeds shall be
placed in a trust account (the “Trust Account”) for the benefit of the Company’s stockholders; and 
 WHEREAS, the
Subscriber is entitled to registration rights with respect to, all of the shares of Common Stock and the Warrants comprising the Units, the shares of Common Stock issuable upon exercise of the Warrants (the “Warrant Shares”), any
warrants, shares of capital stock or other securities of the Company issued as a dividend or other distribution with respect to or in exchange for or in replacement of such shares of Common Stock and Warrants, and such number of shares that may be
used to prevent dilution resulting from stock splits, stock dividends or similar transactions (collectively, the “Registrable Securities”) on the terms set forth in this Agreement; and 
 WHEREAS, the offer and sale of the Units (the “Offering”) is being made in reliance upon the provisions of Section 4(2) of, and/or
Regulation D (“Regulation D”) promulgated by the Securities and Exchange Commission (the “SEC”) under, the Securities Act of 1933, as amended (the “Securities Act”); 
 NOW, THEREFORE, for and in consideration of the premises and the mutual covenants hereinafter set forth, the Company and the Subscriber do hereby agree
as follows 
 1. Agreement to Subscribe 
 1.1 Purchase and Issuance of the Units . The Subscriber hereby subscribes for the Units, and the Company agrees to issue the Units to the Subscriber on the Closing (as defined below). The aggregate purchase
price payable by the Subscriber for the Units (the “Purchase Price”) is $2,500,000. 
 1.2 Delivery of the Purchase Price.
Upon execution of this Agreement the Subscriber is hereby bound to fulfill its obligations hereunder and hereby irrevocably commits to deliver to the Company on the Closing (as hereinafter defined) the Purchase Price by bank check, wire transfer or
such other form of payment as shall be acceptable to the Company, in its sole and absolute discretion, at the Closing. Any such check delivered to the Company shall be made payable to the order of “Dekania Corp.” 
  

 1.3 Closing. The closing of the Offering (the “Closing”), shall take place at the
offices of the Company, on a date no less than 2 days immediately preceding the effectiveness of the registration statement with respect to the Company’s proposed initial public offering of up to 9,700,000 units of common stock and warrants
(the “IPO”), as agreed by the parties. 
 2. Representations and Warranties of the Subscriber 
 The Subscriber represents and warrants to the Company that: 
 2.1 No Government Recommendation or Approval. The 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 Offering. 
 2.2 Accredited Investor. The Subscriber is an “accredited investor” as that
term is defined in Rule 501 of Regulation D promulgated under the Securities Act. 
 2.3 Intent. The Subscriber acknowledges that it
is purchasing the Units solely for investment purposes, for the Subscriber’s own account and not for the account or benefit of any other person, and not with a view towards the distribution or dissemination thereof and the Subscriber has no
present arrangement to sell the Units to or through any person or entity. 
 2.4 Restrictions on Transfer. The Subscriber understands
that the Units must be held indefinitely unless such Units are subsequently registered under the Securities Act or an exemption from the registration requirements of the Securities Act is available. Subscriber is aware of the provisions of Rule 144
promulgated under the Act which permit limited resale of common stock purchased in a private placement subject to the satisfaction of certain conditions, including, among other things, the existence of a public market for the common stock, the
availability of certain current public information about the Company, the resale occurring not less than one year after a party has purchased and paid for the security to be sold, the sale being effected through a “broker’s
transaction” or in transactions directly with a “market maker” and the number of shares of common stock being sold during any three-month period not exceeding specified limitations. 
 2.5 Sophisticated Investor. 
 2.5.1.
The Subscriber is sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Units. 
 2.5.2. The Subscriber is able to bear the economic risk of its investment in the Units for an indefinite period of time because none of the Units have been registered under the Securities Act and therefore cannot be sold unless subsequently
registered under the Securities Act or an exemption from such registration is available. 
  

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

 2.7 Authority. This Agreement has been validly authorized, executed and delivered by the Subscriber and is a valid and binding
agreement enforceable in accordance with its terms, subject to the general principles of equity and to bankruptcy or other laws affecting the enforcement of creditors’ rights generally. The execution, delivery and performance of this Agreement
by the Subscriber does not and will not conflict with, violate or cause a breach of any agreement, contract or instrument to which the Subscriber is a party. 
 2.8 No Legal Advice from Company. The Subscriber acknowledges that it has had the opportunity to review this Agreement and the transactions contemplated by this Agreement and the other agreements entered into
between the parties hereto with the Subscriber’s own legal counsel and investment and tax advisors. Except for any statements or representations of the Company made in this Agreement and the other agreements entered into between the parties
hereto, the Subscriber is relying solely on such counsel and advisors and not on any statements or representations of the Company or any of its representatives or agents for legal, tax or investment advice with respect to this investment, the
transactions contemplated by this Agreement or the securities laws of any jurisdiction. 
 2.9 Reliance on Representations and
Warranties. The Subscriber understands that the Units are being offered and sold to the Subscriber in reliance on specific provisions of United States federal and state securities laws and that the Company is relying upon the truth and accuracy
of the representations, warranties, agreements, acknowledgments and understandings of the Subscriber set forth in this Agreement in order to determine the applicability of such provisions. 
 2.10 No Advertisements. The undersigned is not subscribing for the Units as a result of or subsequent to any advertisement, article, notice or
other communication published in any newspaper, magazine, or similar media or broadcast over television, radio, or via Internet, or presented at any seminar or meeting. 
 2.11 Legend. The Subscriber acknowledges and agrees that the shares of Common Stock and the Warrants comprising the Units, and when issued the Warrant Shares, shall bear a restricted legend (the “
Legend”), in the form and substance as set forth in Section 4 hereof, prohibiting the offer, sale, pledge or transfer of the securities, except (i) pursuant to an effective registration statement filed under the Securities Act,
(ii) pursuant to an exemption from registration provided by Rule 144 under the Securities Act (if available), and (iii) pursuant to any other exemption from the registration requirements of the Securities Act. 
  

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 3. Representations and Warranties of the Company 
 The Company represents and warrants to the Subscriber that: 
 3.1 Valid Issuance of Capital Stock. The total number of shares of all classes of capital stock which the Company has authority to issue is 30,000,000 shares of Common Stock and 1,000,000 shares of preferred
stock. As of the date hereof, the Company has 2,487,500 shares of Common Stock issued and outstanding and no issued and outstanding shares of preferred stock. All of the issued shares of capital stock of the Company have been duly authorized,
validly issued, and are fully paid and non-assessable. 
 3.2 Organization and Qualification. The Company is a corporation duly
incorporated and existing in good standing under the laws of the state of Delaware and has the requisite corporate power to own its properties and assets and to carry on its business as now being conducted. 
 3.3 Authorization; Enforcement. (i) The Company has the requisite corporate power and authority to enter into and perform its obligations
under this Agreement and to issue the Common Stock in accordance with the terms hereof, (ii) the execution, delivery and performance of this Agreement by the Company and the consummation by it of the transactions contemplated hereby have been
duly authorized by all necessary corporate action, and no further consent or authorization of the Company or its Board of Directors or stockholders is required, and (iii) this Agreement constitutes valid and binding obligations of the Company
enforceable against the Company in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization, or similar laws relating to, or affecting generally
the enforcement of, creditors’ rights and remedies or by equitable principles of general application and except as enforcement of rights to indemnity and contribution may be limited by federal and state securities laws or principles of public
policy. 
 3.4 No Conflicts. To the knowledge of the Company, the execution, delivery and performance of this Agreement and the
consummation by the Company of the transactions contemplated hereby do not and will not materially (i) result in a violation of the Company’s Amended and Restated Certificate of Incorporation or By-Laws or (ii) conflict with, or
constitute a default under any agreement, indenture or instrument to which the Company is a party. Other than any SEC or state securities filings which may be required to be made by the Company subsequent to the Closing, and any registration
statement which may be filed pursuant thereto, the Company is not required under federal, state or local law, rule or regulation to obtain any consent, authorization or order of, or make any filing or registration with, any court or governmental
agency or self-regulatory entity in order for it to perform any of its obligations under this Agreement or issue the Common Stock in accordance with the terms hereof. 
 4. Legends; Denominations 
 4.1 Legend. The Company will issue the shares of Common Stock, the
Warrants, and the Warrant Shares, purchased by the Subscriber in the name of the Subscriber and in such denominations to be specified by the Subscriber prior to the Closing or upon exercise 

  

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of the Warrants, as applicable. The Units, shares of Common Stock, the Warrants and Warrant Shares will bear the following Legend and appropriate “stop
transfer” instructions: 
 “THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OR SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT AND SUCH LAWS WHICH, IN THE OPINION OF COUNSEL FOR THIS CORPORATION, IS AVAILABLE.” 
 4.2 Subscriber’s Compliance. Nothing in this Section 4 shall affect in any way the Subscriber’s obligations and agreement to comply
with all applicable securities laws upon resale of the Units, and the Shares and Warrants underlying the Units. 
 4.3 Company’s
Refusal to Register Transfer of Units. The Company shall refuse to register any transfer of the Units, the shares of Common Stock, Warrants and the Warrant Shares, not 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.
Registration Rights. 
 5.1 Demand Registration. At any time and from time to time on or after the date on which the Company has
publicly announced that it has entered into a letter of intent with respect to a Business Combination, the Subscriber or its permitted transferee(s) holding a majority-in-interest of the Registrable Securities may make a written demand for
registration under the Securities Act of all or part of their Registrable Securities (a “Demand Registration”). Any demand for a Demand Registration shall specify the number of Registrable Securities proposed to be sold and the
intended method(s) of distribution thereof. The Company will notify all holders of Registrable Securities of the demand, and each holder of Registrable Securities who wishes to include all or a portion of such holder’s Registrable Securities in
the Demand Registration (each such holder that decides to include shares of Registrable Securities in such registration, a “Demanding Holder”) shall so notify the Company within fifteen (15) days after the receipt by the holder
of the notice from the Company. Upon any such request, the Demanding Holders shall be entitled to have their Registrable Securities included in the Demand Registration. 
 The Company shall, as expeditiously as possible and in any event within sixty (60) days after receipt of a request for a Demand, prepare and file with the SEC a Registration Statement on any form for which the
Company then qualifies or which counsel for the Company shall deem appropriate and which form shall be available for the sale of all Registrable Securities to be 

  

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registered thereunder in accordance with the intended method(s) of distribution thereof, and shall use its best efforts to cause such Registration Statement
to become effective as promptly as practicable, but in no event prior to the consummation of the Business Combination. 
 The Company shall
not be obligated to effect more than two Demand Registrations in respect of Registrable Securities. 
 5.2 “Piggyback”
Registration Rights. Subject to the last sentence of this Section 5.2, at any time on or after the date on which the Company publicly announces that it has entered into a letter of intent with respect to a Business Combination, if the
Company shall determine to proceed with the actual preparation and filing of a new registration statement under the Securities Act in connection with the proposed offer and sale of any of its securities by it or any of its security holders (other
than a registration statement on Form S-4, S-8 or other limited purpose form), the Company will give written notice of its determination to the Subscriber, its nominee(s), and each holder of Registrable Securities. Upon the written request of the
Subscriber and each such holder, within 15 days after receipt of any such notice from the Company, the Company will, except as herein provided, cause all of the Registrable Securities covered by such request (the “Requested Stock”)
held by the Subscriber and each holder of Registrable Securities making such request (the “Requesting Holders”) to be included in such registration statement (each, a “Piggy-Back Registration”), all to the extent
requisite to permit the sale or other disposition by the prospective seller or sellers of the Requested Stock; provided, further, that nothing herein shall prevent the Company from, at any time, abandoning or delaying any registration. If any
registration pursuant to this Section 5.2 shall be underwritten in whole or in part, the Company may require that the Requested Stock be included in the underwriting on the same terms and conditions as the securities otherwise being sold
through the underwriters. In such event, the Requesting Holders shall, if requested by the underwriters, execute an underwriting agreement containing customary representations and warranties by selling stockholders and a lock-up on Registrable
Securities not being sold. If in the good faith judgment of the managing underwriter of such public offering the inclusion of all of the Requested Stock would reduce the number of shares to be offered by the Company or interfere with the successful
marketing of the shares of stock offered by the Company, the number of shares of Requested Stock otherwise to be included in the underwritten public offering may be reduced pro rata (by number of shares) among the Requesting Holders and all other
holders of registration rights who have requested inclusion of their securities or excluded in their entirety if so required by the underwriter. To the extent only a portion of the Requested Stock is included in the underwritten public offering,
those shares of Requested Stock which are thus excluded from the underwritten public offering and any other securities of the Company held by such holders shall be withheld from the market by the Holders thereof for a period, not to exceed 90 days,
which the managing underwriter reasonably determines is necessary in order to effect the underwritten public offering. At such time as the provisions of the registration rights agreement filed as an exhibit to the registration statement covering the
shares of Common Stock acquired by the Subscriber prior to the Offering may be exercised, the exercise and procedural provisions of such agreement, rather than the provisions of Sections 5.2, 5.3 and 5.4 hereof, shall govern the Registrable
Securities with respect to Piggy-Back Registration. 
 5.3 Effective Registration. A registration will not count as a Demand
Registration, until the Registration Statement filed with the Commission with respect to such 

  

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Demand Registration has been declared effective and the Company has complied with all of its obligations under this Agreement with respect thereto;
provided, however, that if, after such Registration Statement has been declared effective, the offering of Registrable Securities pursuant to a Demand Registration is interfered with by any stop order or injunction of the Commission or
any other governmental agency or court, the Registration Statement with respect to such Demand Registration will be deemed not to have been declared effective, unless and until: (i) such stop order or injunction is removed, rescinded or
otherwise terminated and (ii) a majority-in-interest of the Demanding Holders thereafter elect to continue the offering; provided further, that the Company shall not be obligated to file a second Registration Statement until a
Registration Statement that has been filed is counted as a Demand Registration or is terminated. 
 5.4 Registration Procedures. To
the extent required by Sections 5.1 or 5.2, the Company will: 
 (a) prepare and file with the SEC a registration statement with respect to such securities,
and use its best efforts to cause such registration statement to become and remain effective until the earlier of the date on which all of the Registrable Securities included in the registration statement have been disposed of in accordance with the
intended method(s) of distribution set forth in such registration statement or three years from the effective date; 
 (b) prepare and file with the SEC such
amendments to such registration statement and supplements to the prospectus contained therein as may be necessary to keep such registration statement effective until the earlier of the date on which all of the Registrable Securities included in the
registration statement have been disposed of in accordance with the intended method(s) of distribution set forth in such registration statement or three years from the effective date; 
 (c) furnish to the holders participating in such registration and to the underwriters of the securities being registered such reasonable number of copies of the registration statement, preliminary prospectus, final
prospectus and such other documents as such underwriters may reasonably request in order to facilitate the public offering of such securities; 
 (d) use its
best efforts to register or qualify the securities covered by such registration statement under such state securities or blue sky laws of such jurisdictions as the holders may reasonably request in writing within 20 days following the original
filing of such registration statement, except that the Company shall not for any purpose related to such registration or qualification of the securities be required to execute a general consent to service of process or to qualify to do business as a
foreign corporation in any jurisdiction wherein it is not so qualified; 
 (e) notify the holders, promptly after it shall receive notice thereof, of the
time when such registration statement has become effective or a supplement to any prospectus forming a part of such registration statement has been filed; 
 (f) notify the holders promptly of any request by the SEC for the amending or supplementing of such registration statement or prospectus or for additional information; 
 (g) prepare and promptly file with the SEC and promptly notify such holders of the filing of such amendment or supplement to such registration statement or prospectus as may be necessary to correct any statements or
omissions if, at the time when a prospectus relating to such securities 

  

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is required to be delivered under the Securities Act, any event shall have occurred as the result of which any such prospectus or any other prospectus as
then in effect would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading; and 
 (h) advise the holders, promptly after it shall receive notice or obtain knowledge thereof, of the issuance of any stop order by the SEC suspending the effectiveness of
such registration statement or the initiation or threatening of any proceeding for that purpose and promptly use its best efforts to prevent the issuance of any stop order or to obtain its withdrawal if such stop order has been issued. 

The Subscriber shall cooperate with the Company in providing the information necessary to effect the registration of the Registrable Securities,
including completion of customary questionnaires. 
 5.5. Expenses. The Company shall bear all costs and expenses incurred in
connection with any Demand Registration pursuant to Section 5.1, any Piggy-Back Registration pursuant to Section 5.2, and all expenses incurred in performing or complying with its other obligations under this Agreement, whether or not the
Registration Statement becomes effective, including, without limitation: (i) all registration and filing fees; (ii) fees and expenses of compliance with securities or “blue sky” laws (including fees and disbursements of counsel
in connection with blue sky qualifications of the Registrable Securities); (iii) printing expenses; (iv) the Company’s internal expenses (including, without limitation, all salaries and expenses of its officers and employees);
(v) the fees and expenses incurred in connection with the exchange listing of the Registrable Securities; (vi) National Association of Securities Dealers, Inc. fees; (vii) fees and disbursements of counsel for the Company and fees and
expenses for independent certified public accountants retained by the Company (including the expenses or costs associated with the delivery of any opinions or comfort letters); (viii) the fees and expenses of any special experts retained by the
Company in connection with such registration; and (ix) the fees and expenses of one legal counsel selected by the holders of a majority in interest of the Registrable Securities included in such registration. The Company shall have no
obligation to pay any underwriting discounts or selling commissions attributable to the Registrable Securities being sold by the holders thereof, which underwriting discounts or selling commissions shall be borne by such holders. Additionally, in an
underwritten offering, all selling shareholders and the Company shall bear the expenses of the underwriter in proportion to the respective amount of Registrable Securities each is selling in such offering. 
 5.6. Notwithstanding anything to the contrary in this Agreement, a Warrant can expire unexercised regardless of whether a registration statement is
current under the Act with respect to the Common Stock issuable upon exercise of the Warrants. In no event will the registered holder of a Warrant be entitled to receive a net-cash settlement, shares of common stock or other consideration in lieu of
physical settlement in shares of Common Stock, regardless of whether the Common Stock underlying the Warrants is registered pursuant to an effective registration statement. 
  

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 6. Rescission Right, Waiver and Indemnification. 
 The Subscriber understands and acknowledges that an exemption from the registration requirements of the Securities Act requires that there be no general
solicitation of purchasers of the Units. In this regard, if the offering of the units of shares of common stock and warrants in the Company’s initial public offering were deemed to be a general solicitation with respect to the Units, the offer
and sale of such Units may not be exempt from registration and, if not, the Subscriber may have a right to rescind its purchase of the Units. In order to facilitate the completion of the Offering and in order to protect the Company, its stockholders
and the Trust Account from claims that may adversely affect the Company or the interests of its stockholders, the 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 Units. The Subscriber acknowledges and agrees that this waiver is being made in order to induce the Company to sell the Units to the Subscriber. The Subscriber agrees that
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 against the Company or the Trust Account, in connection with any present or future actual or asserted right to rescind the purchase of the Units hereunder or relating to the purchase of the
Units and the transactions contemplated hereby. 
 7. Lock-Up. 
 The Subscriber, and its designees, shall not sell, assign, hypothecate, or transfer any of the Units, the shares of Common Stock and the Warrants
comprising the Units, or Warrant Shares, until the earlier of the consummation of a Business Combination (as hereinafter defined) or liquidation of the Company, provided however, that thereafter no sale, assignment, hypothecation or transfer
may be effected unless, in each case, it is made in accordance the Securities Act. As used herein, a “Business Combination” shall mean a merger, capital stock exchange, asset acquisition, stock purchase or other similar business
combination, with one or more businesses: (i) that operate within in the U.S. insurance industry, (ii) are incorporated in the United States, Canada, Bermuda, or the Cayman Islands and (iii) with substantially all of its or their
business, and all of its or their insurance risk, in the United States. 
 8. Waiver of Liquidation Distributions. 
 In connection with the Units purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in
or to any liquidating distributions by the Company (from the Trust Account or otherwise) in the event of a liquidation of the Company upon the Company’s failure to complete a Business Combination within the periods set forth in the
Company’s Amended and Restated Certificate of Incorporation as of the date hereof. For purposes of clarity, in the event the Subscriber purchases shares of Common Stock in the IPO or in the aftermarket such shares shall be eligible to receive
any liquidating distributions by the Company. 
  

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 9. Governing Law; Waiver of Jury Trial. 
 This Agreement shall be governed by and construed in accordance with the laws of the State of New York. 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. 
 10.
Assignment; Entire Agreement; Amendment. 
 10.1 Assignment. Neither this Agreement nor any rights hereunder may be assigned by any
party to any other person other than by the Subscriber to a person agreeing to be bound by the terms hereof. 
 10.2 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.

 10.3 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. 
 10.4 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 assigns. 
 11. Notices; Indemnity. 
 11.1 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 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 and 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. 
 11.2 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. 
 12. Counterparts. 
 This Agreement may be executed in any number of counterparts, each of which shall be enforceable
against the parties actually executing such counterparts, and all of which together shall constitute one instrument. Such counterparts may be delivered between the parties by facsimile or other electronic transmission. 
  

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 13. Survival; Severability. 
 13.1 Survival. The representations, warranties, covenants and agreements of the parties hereto shall survive the Closing. 
 13.2 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. 
 14. Titles and Subtitles. 
 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. 
 [Signature Page Follows] 
  

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 This subscription is accepted by the Company on the      day of
            , 2007. 
  

					
	 	 	DEKANIA CORP.
			
	Date:	 	By:	 	  

		 	Name:	 	Thomas H. Friedberg
		 	Title:	 	President & CEO
		
		 	SUBSCRIBER:
		
		 	COHEN BROS. ACQUISITIONS, LLC
		
		 	By: Cohen & Company, LLC, its sole member
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	

 Name of the Subscriber: Cohen Bros. Acquisitions, LLC 
 Number of Units Being Subscribed: 250,000 
 Aggregate Purchase Price: US
$2,500,000 
 Date of Subscription:                  , 2007

 Place of Residency and/or Principal Place of Business: 
 2929
Arch Street, Suite 1703 
 Philadelphia, Pennsylvania 19104 
 Fax:(215) 861-7878 
  

 12Form of Investment Management Trust Agreement

 Exhibit 10.2 
 INVESTMENT MANAGEMENT TRUST AGREEMENT 
 This INVESTMENT MANAGEMENT TRUST AGREEMENT is made as
of                          , 2007 by and between Dekania Corp. (the “Company”) and American Stock
Transfer & Trust Company, as Trustee (“Trustee”). 
 WHEREAS, the Company’s Registration Statement on
Form S-1, File No. 333-134776, as amended, (“Registration Statement”), for its initial public offering of securities (“IPO”) has been declared effective on
                         , 2007 (the “Effective Date”) by the Securities and Exchange Commission;
and 
 WHEREAS, in accordance with the Subscription Agreement, the Company has issued 250,000 units of its securities to Cohen Bros.
Acquisitions, LLC (the “Sponsor”) at $10.00 per unit, each unit consisting of one share of the Company’s Common Stock, par value of $0.0001 per share (the “Common Stock”) and one warrant exercisable for one
share of Common Stock, in a private placement with aggregate proceeds of $2,500,000 (the “Placement”); and 
 WHEREAS, Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”) and Maxim Group LLC (“Maxim” and, collectively with Merrill Lynch, the “Representatives”) are
acting as the representatives of the underwriters (the “Underwriters”) in the IPO; and 
 WHEREAS, as described in
the Company’s Registration Statement: (i) in accordance with the Company’s Amended and Restated Certificate of Incorporation, $89,560,000 ($103,237,000 if the over-allotment option is exercised in full) of the net proceeds of the IPO
(the “IPO Proceeds”), (ii) net proceeds of $2,500,000 received by the Company as a result of the Placement (the “Placement Proceeds”), and (iii) in accordance with the Underwriting Agreement, dated
                         , 2007, between the Company and the Representatives, an additional $1,940,000 ($2,522,000
if the Underwriters’ overallotment option is exercised in full), representing a portion of the Underwriters’ discount (the “Deferred Discount”) will each be deposited in a trust account to be managed by the Trustee. 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, the Company, the Representatives and the Underwriters will be referred to together as the “Beneficiaries”; and 
 WHEREAS, Sponsor has agreed to provide a letter of credit (“Letter of Credit”) to the Trustee for the benefit of the public stockholders and the Trust Account in the amount of $3,000,000
($3,291,000 if the over allotment option is exercised in full); 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 and administer any amounts drawn under the Letter of Credit. 
 NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements herein contained, the parties hereto agree as follows: 
 1. Agreements and Covenants of Trustee. The Trustee hereby agrees and covenants to: 
 (a) Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement, in a segregated trust account (“Trust
Account”) established by the Trustee with Deutsche Bank Trust Company Americas; 
  

 1 

 (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, invest and reinvest the Property and any proceeds derived
from the Property in any “Government Security” or in money market funds selected by the Company meeting the conditions specified in Rule 2a-7 promulgated under the Investment Company Act of 1940, as amended, 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 eighty days or less; 
 (d) Collect and receive, when due, all principal and income arising from the Property; 
 (e) Promptly notify
the Company and the Representatives of all communications received by it with respect to the Property requiring action by the Company; 
 (f)
Supply any necessary information or documents as may be requested by the Company in connection with the Company’s preparation of the tax returns for the Trust Account or the Company; 
 (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 the Representatives, and to such other person as the Company may instruct, monthly
written statements of the activities of and amounts in the Trust Account reflecting all receipts and disbursements of the Trust Account; and 
 (i) Commence liquidation of the Trust Account upon receipt of an Officers Certificate signed by the Chief Executive Officer or President and Chief Financial Officer in accordance with the terms of a letter (“Termination
Letter”), in a form substantially similar to that attached hereto as Exhibit A or Exhibit B , signed on behalf of the Company by its Chief Executive Officer or President and Chief Financial Officer, 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, as part of the Company’s: (i) plan of dissolution and liquidation
approved by the Company’s stockholders or (ii) Business Combination (as defined in the Registration Statement) approved by the stockholders, as applicable. The Trustee understands and agrees that, except as provided in Section 3(i)
and Section 2 hereof, disbursements from the Trust Account shall be made only pursuant to a duly executed Termination Letter, together with the other documents referenced therein, including without limitation, an independently certified oath
and report of the inspector of the stockholder vote in favor of the Business Combination as provided in Section 3(d) hereof. In all cases, the Trustee shall provide the Representatives with a copy of any Termination Letters, Officers
Certificates and/or any other correspondence that it receives with respect to any proposed withdrawal from the Trust Account promptly after it receives same. 
 2. Limited Distributions of Income on Property; Letter of Credit. 
 (a) If there is any income tax
obligation relating to the income from the Property in the Trust Account, then, at the written instruction of the Company, the Trustee shall disburse to the Company, the Internal Revenue Service or applicable state or local taxing authority by wire
transfer or check (as 

  

 2 

 
directed by the Company in its instruction letter), out of the Property in the Trust Account, the amount indicated by the Company as required to pay income
taxes. For the purposes of this paragraph, the phrase “income tax” shall mean any tax measured in whole or in part by income. 
 (b) Upon written request from the Company containing certification that such distribution pursuant to this Section 2(b) shall only be used to fund the working capital requirements of the Company and the costs related to identifying and
researching a prospective target businesses in each case as described in the prospectus that forms a part of the Registration Statement, the Trustee shall distribute to the Company an amount up to an aggregate of $2,500,000 from the interest earned
on the Property and proceeds derived from the Property, net of taxes payable on interest earned on the Property and such proceeds, through the last day of the month immediately preceding the date of receipt of the Company’s written request, it
being agreed that the Company shall be permitted to withdraw interest monthly (or weekly during the first month following the closing of the IPO). 
 (c) Upon receipt by the Trustee of a written instruction from the Company for distributions from the Trust Account in connection with a plan of dissolution and liquidation, accompanied by an Officers Certificate signed by the Chief
Executive Officer or President and Chief Financial Officer of the Company certifying as true, accurate and complete a statement of: (i) the amount of actual expenses incurred or, where known with reasonable certainty, reasonably to be incurred
by the Company in connection with its dissolution and liquidation, including any fees and expenses incurred or reasonably to be incurred by the Company in connection with seeking stockholder approval of the Company’s plan of dissolution and
liquidation, which sum, however, shall not exceed $100,000 in the aggregate, (ii) any amounts due to pay creditors or required to be reserved for payment to creditors up to $2,500,000, and (iii) the sum of (i) and (ii), the Trustee
shall distribute to the Company, (but only from interest earned on funds in the Trust Account) an amount, as directed by the Company in the instruction letter, up to the amount of (iii) as indicated in the instruction letter. 
 (d) Except as provided in this Section 2, no other distributions from the Trust Account shall be permitted except in accordance with Sections 1(i)
and 3(i) hereof. 
 (e) If the Company does not complete a Business Combination within the time periods set forth in the prospectus
and the Registration Statement, the Board of Directors is required to recommend a plan of dissolution and liquidation to the Company’s stockholders and upon stockholder approval of the Company’s plan of dissolution and liquidation, the
Trustee must liquidate the Trust Account and make liquidating distributions to the Public Stockholders as further described herein. If the amount in the Trust Account available for distribution to the Public Stockholders upon the Company’s
liquidation is less than $10 per share of Common Stock, the Trustee shall draw on the Letter of Credit (if not expired at the time and to the full extent of the remaining principal amount thereof) so as to ensure that each Public Stockholder
receives $10 per share of Common Stock. 
 (f) In determining the per share amount available for distribution to Public Stockholders upon the
Company’s liquidation, the Trustee shall request and may rely upon the records of the transfer agent for the Common Stock as to the number of shares of Common Stock outstanding at the time of liquidation and shall divide the amount in the Trust
Account available for distribution to Public Stockholders by such number. 
 (g) If the Trustee is required to draw on the Letter of Credit
pursuant to Section 2(e) hereof, the Trustee shall make a written request to draw upon the Letter of Credit to Commerce Bank, as issuer of the Letter of Credit, which written request shall be substantially in the form set out in Exhibit
C. 
  

 3 

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

(a) To provide all instructions to the Trustee hereunder in writing, signed by the Company’s Chief Executive Officer or President and Chief
Financial Officer. In addition, except with respect to its duties under paragraph 1(i) and 3(i), 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) To 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 Company shall have the right to conduct and manage the defense against such Indemnified Claim, provided that the Company shall obtain the consent of the Trustee with respect to the
selection of counsel, which consent shall not be unreasonably withheld, conditioned or delayed. The Company may not agree to settle any Indemnified Claim without the prior written consent of the Trustee, which shall not be unreasonably withheld,
conditioned or delayed. The Trustee may participate in such action with its own counsel at its own expense; 
 (c) Pay the Trustee an initial
acceptance fee, an annual fee and a transaction processing fee for each disbursement made pursuant to Sections 2(a) and 2(b) as set forth on Schedule A hereto, which fees shall be subject to written 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 the disbursements made to the Company pursuant to Section 2(b). The
Company shall pay the Trustee the initial acceptance fee and first year’s annual fee at the consummation of the IPO and shall thereafter pay the annual fee on the anniversary of the Effective Date. The Trustee shall refund to the Company the
annual fee (on a pro rata basis) with respect to any period after the liquidation of the Trust Fund. The Company shall not be responsible for any other fees or charges of the Trustee except as set forth in this Section 3(c) and as may be
provided in Section 3(b) hereof (it being expressly understood that the Property shall not be used to make any payments to the Trustee under such Sections); 
 (d) That, in the event that the Company presents a Business Combination or a plan or dissolution and liquidation to its stockholders, the Trustee or another independent party designated by the Representatives shall
act as the inspector of election to certify the results of the stockholder vote; 
 (e) That the Officers Certificate referenced in Sections
1(i) and 3(i) hereof shall require the Company’s Chief Executive Officer or President and Chief Financial Officer to each certify the following (wherever applicable): (i) prior to the LOI Termination Date (as such term is defined in
Section 3(i) hereof), the Company has entered into a bona fide Letter of Intent with a target business; and/or (ii) prior to the LOI Termination Date, the Company has entered into a Business Combination with a target business, the terms of
which are consistent with the requirements set forth in the Registration Statement; and/or (iii) prior to the Second Termination Date (as such term is defined in Section 3(i) hereof), the Company has entered into a Business Combination
with a target business, the terms of which are 

  

 4 

 
consistent with the requirements set forth in the Registration Statement; and (iv) the Board of Directors of the Company (the “Board”),
pursuant to the unanimous written consent of the Board or at a duly called and held meeting of the Board has approved (where applicable): (A) the Letter of Intent; and/or (B) the Business Combination. A copy of such Board approval and the
Letter of Intent and/or the definitive agreement relating to the Business Combination so approved shall be attached as an exhibit to the Officers Certificate; 
 (f) In connection with any vote of the Company’s stockholders regarding a Business Combination, to provide to the Trustee an affidavit or certificate of a firm regularly engaged in the business of soliciting
proxies and tabulating stockholder votes (which firm may be the Trustee) verifying the vote of the Company’s stockholders regarding such Business Combination; 
 (g) In connection with any vote of the Company’s stockholders regarding a dissolution and liquidation, to provide to the Trustee an affidavit or certificate of a firm regularly engaged in the business of
tabulating stockholder votes (which firm may be the Trustee) verifying the vote of the Company’s stockholders regarding such dissolution and liquidation; 
 (h) Within five business days after the Underwriters’ over-allotment option (or any unexercised portion thereof) expires or is exercised in full, to provide the Trustee notice in writing (with a copy to the
Representatives) of the total amount of the Deferred Discount, which shall in no event be less than $1,940,000 ($2,522,000 if the over allotment option is exercised in full); and 
 (i)(1) Subject to the limitations and conditions set forth in paragraph (2) of this section 3(i), as soon as practicable, after the date 18 months
from the date of this Agreement (the “LOI Termination Date”) (or 24 months from the date hereof in the event the Company has executed a Letter of Intent (defined below) prior to the LOI Termination Date but failed to consummate a
Business Combination prior to the LOI Termination Date (“Second Termination Date”)), and following the affirmative votes of the Company’s stockholders to dissolve the Company, the Company shall instruct the Trustee to commence
liquidation of the Trust Account as part of the Company’s plan of dissolution and liquidation approved by the Company’s stockholders. The Trustee, upon receiving the Officers Certificate in accordance with the Termination Letter from the
Company, shall deliver a notice to Public Stockholders of record as of the LOI Termination Date or Second Termination Date, whichever the case may be, by U.S. mail or via the Depository Trust Company (“DTC”), within five days of
receiving instructions from the Company to do so, notifying the Public Stockholders of such event and take such other actions as it may deem necessary to inform the Beneficiaries. The Trustee shall deliver to each Public Stockholder its ratable
share of the Property against satisfactory evidence of delivery of the stock certificates by the Public Stockholders to the Company through DTC, its Deposit Withdraw Agent Commission (DWAC) system or as otherwise presented to the Trustee.

 (2) Paragraph (1) of this Section 3(i) shall be subject to the following conditions and limitations: if the Company has entered
into a bona fide, executed letter of intent, agreement in principle or engagement letter (a “Letter of Intent”) for a Business Combination prior to the LOI Termination Date, then the Company shall not be required to send an
instruction to the Trustee relating to the liquidation of the Trust Account until the earlier of a Business Combination or the Second Termination Date. 
 4. Limitations of Liability . The Trustee shall have no responsibility or liability to: 
 (a) take any
action with respect to the Property, other than as directed in Sections 1 and 2 hereof and the Trustee shall have no liability to any party except for liability arising out of its own gross negligence, willful misconduct or bad faith; 
  

 5 

 (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 written 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) invest any Property other than in compliance with Section 1(c);

 (d) refund any depreciation in principal of any Property; 
 (e) assume that the authority of any person designated by the Company to give instructions hereunder shall not be continuing unless provided otherwise in such designation, or unless the Company shall have delivered a
written revocation of such authority to the Trustee; 
 (f) the Company or to anyone else for any action taken or omitted by it, or any
action suffered by it to be taken or omitted, in good faith and in the exercise of its own best judgment, except for its gross negligence or willful misconduct. The Trustee may rely conclusively and shall be protected in acting upon any order,
notice, demand, certificate, opinion or advice of counsel (including counsel chosen by the Trustee), statement, instrument, report or other paper or document (not only as to its due execution and the validity and effectiveness of its provisions, but
also as to the truth and acceptability of any information therein contained) which is believed by the Trustee, in good faith, to be genuine and to be signed or presented by the proper person or persons. The Trustee shall not be bound by any notice
or demand, or any waiver, modification, termination or rescission of this agreement or any of the terms hereof, unless evidenced by a written instrument delivered to the Trustee signed by the proper party or parties and, if the duties or rights of
the Trustee are affected, unless it shall give its prior written consent thereto; 
 (g) verify the correctness of the information set forth
in the Registration Statement or to confirm or assure that any Business Combination or other action taken by the Company is as contemplated by the Registration Statement; 
 (h) pay any taxes on behalf of the Trust Account (it being expressly understood that the Trustee’s sole obligation with respect to taxes shall be as provided for by Section 2(a) hereof); 
 (i) verify calculations, qualify or otherwise approve Company requests for distributions pursuant to Section 1(i), 2(a), 2(b) or 2(c) above; and

 (j) enforce the Letter of Credit against any person or entity. 
 5. Certain Rights Of Trustee. 
 (a)
Before the Trustee acts or refrains from acting, it may require an Officers Certificate or opinion of counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers Certificate or
opinion of counsel. The Trustee may consult with counsel and the advice of such counsel or any opinion of counsel shall be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it
hereunder in good faith and in reliance thereon. 
 (b) The Trustee may act through its attorneys and agents and shall not be responsible for
the misconduct or negligence of any agent appointed with due care. 
  

 6 

 (c) The Trustee shall not be liable for any action it takes or omits to take in good faith that it
believes to be authorized or within the rights or powers conferred upon it by this Agreement. 
 (d) The Trustee shall not be responsible for
and makes no representation as to the validity or adequacy of this Agreement; it shall not be accountable for the Company’s use of the proceeds from the Trust Account. Notwithstanding the effective date of this Agreement or anything to the
contrary contained in this Agreement, the Trustee shall have no liability or responsibility for any act or event relating to this Agreement or the transactions related thereto which occurs prior to the date of this Agreement, and shall have no
contractual obligations to the Beneficiaries until the date of this Agreement. 
 6. Trustee Resignation; Termination of Agreement.

 (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 during which time the Trustee shall continue to act in accordance with the terms of this Agreement. 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 the successor trustee shall be bound by the terms of this Agreement; provided, however, that, in the event that the Company does not locate a successor trustee within ninety days of receipt of the resignation notice from
the Trustee, the Trustee may, but shall not be obligated to, submit an application to have the Property deposited 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; 
 (b) At such time that the Trustee
has completed the liquidation of the Trust Account in accordance with the provisions of Section 1(i) hereof, and distributed the Property in accordance with the provisions of the Termination Letter, this Agreement shall terminate except with
respect to Section 3(b); or 
 (c) At such time that the Trustee has completed the liquidation of the Trust Account and distributed the
Property in accordance with Sections 1(i) and 3(i) hereof, this Agreement shall terminate except with respect to Section 3(b). 
 7.
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 as listed on the attached Exhibit D.
The Company and the Trustee will each restrict access to confidential information relating 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
conflict of laws. It may be executed in several 

  

 7 

 
counterparts, each one of which shall constitute an original, and together shall constitute but one instrument. Facsimile or other electronic signatures
shall constitute original signatures for all purposes of this Agreement. 
 (c) This Agreement contains the entire agreement and
understanding of the parties hereto with respect to the subject matter hereof. 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 the Representatives, who, along with each other Underwriter, the parties specifically agree, are and shall be a third party beneficiaries for purposes of this Agreement; and
provided further, any amendment to Section 3(i) shall require the consent of all of the Public Stockholders. 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 State and County of New York for
purposes of resolving any disputes hereunder. The parties hereto irrevocably submit to such jurisdiction, which jurisdiction shall be exclusive, and hereby waive any objections to such exclusive jurisdiction and accept such venue, and waive any
objection that such courts represent an inconvenient forum. 
 (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: 
 American Stock
Transfer & Trust Company 
 59 Maiden Lane 
 Plaza Level 
 New York, New York 10038 
 Attn: Herbert Lemmer 
 Fax No.:
(718) 331-1852 
  

 8 

 if to the Company, to: 
 Dekania Corp. 
 2929 Arch Street, Suite 1703 
 Philadelphia, Pennsylvania 19104 
 Attn:
Thomas H. Friedberg 
 Fax No.: (215) 701-9555 
 in either case with a copy to: 
 Merrill Lynch, Pierce Fenner & Smith Incorporated 
 4 World Financial Center, 25th Floor 
 New York, NY 10080 
 Attn: Kerry Cannella 
 Fax No.:
(212) 449-3151 
 and 
 Maxim Group LLC 
 405 Lexington Avenue 
 New York, New York 10174 
 Attn: Clifford A. Teller, Director of Investment Banking 
 Fax No.: (212) 895-3783 
 and

 Ledgewood, P.C. 
 1900 Market
Street, Suite 750 
 Philadelphia, Pennsylvania 19103 
 Attn.: J. Baur Whittlesey, Esq. 
 Fax: No.: (215) 753-2513 
 and 
 Ellenoff Grossman & Schole
LLP 
 370 Lexington Avenue 
 New
York, New York 10017 
 Attn: Douglas S. Ellenoff, Esq. 
 Fax No.: (212) 370-7889 
 and 
  

 9 

 Sidley Austin LLP 
 787 Seventh Avenue 
 New York, New York 10019 
 Attn.: Jack I. Kantrowitz, Esq. 
 Fax:
(212) 839-5599 
 (f) This Agreement may not be assigned or delegated by the Trustee without the prior written consent of the Company
and the Representatives. 
 (g) Each of the Trustee and the Company hereby represents that it has the full right and power and has been duly
authorized to enter into this Agreement and to perform its respective obligations as contemplated hereunder. The Trustee acknowledges and agrees that it shall not make any claims or proceed against the Trust Account, including by way of set-off, and
shall not be entitled to any funds in the Trust Account under any circumstance. The Trustee hereby waives any and all right, title, interest, or claim of any kind (“Claim”) in or to any distribution of the Trust Account, and hereby
agrees not to seek recourse, reimbursement, payment, or satisfaction for any Claim against the Trust Account for any reason whatsoever. The Trustee hereby consents to its inclusion in the Registration Statement and other materials relating to the
IPO. 
 IN WITNESS WHEREOF, the parties have duly executed this Investment Management Trust Agreement as of the date first written
above. 
  

			
	AMERICAN STOCK TRANSFER & TRUST COMPANY, as Trustee
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	DEKANIA CORP.
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 10 

 EXHIBIT A 
 [Letterhead of Company] 
 [Insert date] 
 American Stock Transfer & Trust Company 
 59 Maiden Lane 
 Plaza Level 
 New York, New York 10038 
 Attn: 
 Re: Trust Account No. [ ] Termination Letter 
 Gentlemen: 
 Pursuant to Section 1(i) of the Investment
Management Trust Agreement between Dekania Corp. (“Company”) and American Stock Transfer & Trust Company (“Trustee”), dated as of
                    , 2007 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business
Agreement”) with                     (“Target Business”) to consummate a business combination with Target Business
(“Business Combination”) on or about [            ]. The Company shall notify you at least 2 business days in advance of the actual date of the consummation of the Business
Combination (“Consummation Date”). Capitalized words used herein and not otherwise defined shall have the meanings ascribed to them in the Trust Agreement. 
 In accordance with paragraph 2 of Article 6 of the Amended and Restated Certificate of Incorporation of the Company, the Business Combination has been approved by the stockholders of the Company and by the Public
Stockholders holding a majority of the IPO Shares, and Public Stockholders holding less than 30% of the IPO Shares and the shares issued in the Placement have voted against the Business Combination and given notice of exercise of their conversion
rights described in paragraph 3 of Article 6 of the Amended and Restated Certificate of Incorporation of the Company. Pursuant to Section 3(f) of the Trust Agreement, we are providing you with [ an affidavit ] [ a certificate ] of
            , which verifies the vote of the Company’s stockholders in connection with the Business Combination. In accordance with the terms of the Trust Agreement, we hereby
authorize you to commence liquidation of the Trust Account to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct in
writing on the Consummation Date. 
 On the Consummation Date (i) counsel for the Company shall deliver to you written notification that
the Business Combination has been consummated or will, concurrently with your transfer of funds to the accounts as directed by the Company, be consummated, and (ii) the Company shall deliver to you 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 written 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 be distributed after the Consummation Date to the Company or be distributed immediately and the penalty incurred. Upon the distribution of all the funds in the
Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. 
  

 A-1 

 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,

	
	 DEKANIA CORP.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

	 	cc:	Merrill Lynch, Pierce, Fenner & Smith Incorporated 

 Maxim Group LLC 
  

 A-2 

 EXHIBIT B 
 [Letterhead of Company] 
 [Insert date] 
 American Stock Transfer & Trust Company 
 59 Maiden Lane 
 Plaza Level 
 New York, New York 10038 
 Attn: 
 Re: Trust Account No. [ ] Termination Letter 
 Gentlemen: 
 Pursuant to paragraphs 1(i) and 2(c) of the
Investment Management Trust Agreement between Dekania Corp. (“Company”) and American Stock Transfer & Trust Company (“Trustee”), dated as of
                    , 2007 (“Trust Agreement”), this is to advise you that the Board of Directors of the Company and the
stockholders of the Company have voted to dissolve the Company and liquidate the Trust Account (as defined in the Trust Agreement). Attached hereto is a copy of the minutes of the meeting of the Board of Directors of the Company relating thereto,
certified by the Secretary of the Company as true and correct and in full force and effect. 
 In accordance with the terms of the Trust
Agreement, we hereby authorize you to commence liquidation of the Trust Account as part of the Company’s plan of dissolution and liquidation. In connection with this liquidation, you are hereby authorized to establish a record date for the
purposes of determining the stockholders of record entitled to receive their per share portion of the Trust Account. The record date shall be within ten (10) days of the liquidation date, or as soon thereafter as is practicable. 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 Amended and Restated Certificate of Incorporation of the Company and you shall oversee the distribution of such
funds. Upon the payment of all the funds in the Trust Account, the Trust Agreement shall be terminated. 
  

			
	Very Truly Yours,
	
	DEKANIA CORP.
		
	By:	 	  

	Name:	 	
	Title:	 	

  

	 	cc:	Merrill Lynch, Pierce, Fenner & Smith Incorporated 

 Maxim Group LLC 
  

 B-1 

 EXHIBIT C 
 [Letterhead of Trustee] 
 REQUEST TO DRAW UPON LETTER OF CREDIT 
 [Insert date] 
 Commerce Bank 
 1006 Astoria Boulevard 
 Cherry Hill, NJ 08034 
 Attention: W. C. Battaglia 
  

	 	Re:	Request to Draw Upon Letter of Credit of Cohen Bros. Acquisitions, LLC (LOC #            ) 

 Gentlemen/Ladies: 
 Pursuant to Section
            of the Letter of Credit (“LOC”) among Commerce Bank (“Commerce”), Cohen Bros. Acquisitions, LLC, as Applicant (“CB Acquisition”) and
American Stock Transfer & Trust Company (the “Trustee”), as Trustee of Dekania Corp.’s (the “Company”) trust account (the “Trust Account”) and Section 2(g) of the Investment Management Trust
Agreement, dated                          , 2007 between Dekania Corp. and the Trustee, this letter constitutes a
request to draw upon the Letter of Credit since: (i) the Company did not complete a business combination within the time periods set forth in the Company’s Registration Statement on Form S-1, as amended, File No. 333-134776 (the
“Registration Statement”) and the Trustee, on behalf of the Company, must liquidate the Trust Account and distribute the amounts therein to public shareholders of the Company in accordance with the terms of the Registration Statement and
the Investment Management Trust Agreement, by and between the Company and the Trustee, and (ii) the amount in the Trust Account available for distribution to the Company’s public shareholders upon liquidation is less than the required
$10.00 per share by $            per share, an aggregate of $            . 
 Pursuant to Section             of the LOC, the Trustee is requesting
$            , in the aggregate, to be drawn under the Letter of Credit in order for each public shareholder to receive $10.00 per share upon liquidation. 
  

			
	Sincerely,
	
	AMERICAN STOCK TRANSFER & TRUST COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 C-1 

 EXHIBIT D 
  

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

	 Company:
	  	
		
	 Dekania Corp.
 2929 Arch Street, Suite 1703
 Philadelphia, Pennsylvania 19104
 Attn: Thomas H. Freidberg, President & CEO
 Fax No.: (215) 861-7878
	  	
		
	 Underwriters:
	  	
		
	 Merrill Lynch, Pierce, Fenner & Smith Incorporated
 4 World Financial Center, 25th Floor
 New York, NY 10080
 Attn: Kerry Cannella
 Fax No.:(212) 449-3151
	  	
		
	 Maxim Group LLC
 405 Lexington Avenue
 New York, New York 10022
 Attn: Clifford A. Teller
 Fax No.:(212) 895-3783
	  	
		
	 Trustee:
	  	
		
	 American Stock Transfer & Trust Company
 59 Maiden Lane
 Plaza Level
 New York, New York 10038
 Attn: Herbert Lemmer
 Fax No.: (718) 331-1852
	  	

  

 D-1 

 SCHEDULE A 
 Schedule of fees pursuant to Section 3(c) of Investment Management Trust Agreement 
 between Dekania
Corp. and American Stock Transfer & Trust Company 
  

					
	 Fee Item
	  	 Time and method of payment
	  	 Amount

			
	Initial acceptance fee	  	Initial closing of IPO by wire transfer	  	$            
			
	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	  	$            
			
	Transaction processing fee for disbursements to Company under Sections 2(a) and 2(b)	  	Deduction by Trustee from disbursement made to Company under Section 2(b)	  	$            

  

					
	 	 	Agreed:
	Dated:                    , 2007	 	
		 	Dekania Corp.
			
		 	By:	 	  

		
		 	American Stock Transfer & Trust Co.
			
		 	By:	 	  

		 		 	Authorized Officer

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