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Exhibit 10.7  

FORM OF

INVESTMENT MANAGEMENT TRUST AGREEMENT  

        This Investment Management Trust Agreement ("Agreement") is made as
of                        , 2007 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 Warrants ($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 24-month anniversary of the effective date of the Registration Statement ("Last Date"), the Trust Account shall be
liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit B hereto and distributed to the stockholders
of record on the Last Date. 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. 

        (k)   Upon
written request from the Company, which may be given from time to time at any time in a form substantially similar to that attached hereto as  Exhibit D, the Trustee shall distribute to the Company the
amount requested by the Company to cover expenses related to investigating and selecting a
target business and other working capital requirements; provided, however, that (i) such distribution shall be only from income collected on the Property, (ii) the aggregate amount of all such
distributions shall not exceed $750,000 net of taxes payable; and (iii) the Company certifies in its written request that the $1.0 million line of credit from Taliera Holdings, LLC has
been fully drawn. 

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), 1(j) and 1(k) 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)   Not,
nor authorize the Trustee to, use the Property, or income earned on the Property, to pay any taxes except in the event that the Property, or a portion thereof, is
released to the Company: (i) in accordance with 

2

 

Section
1(j) above or (ii) in accordance with Section 1(i) hereof if and only if the Trustee receives a Termination Letter in the form of Exhibit A attached hereto; and 

        (e)   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 

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

3

 

        (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 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 

4

 

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 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. 

5

 

        (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] 

6

 

        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

7

 
 

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
	Transaction processing fee for disbursements to Company under Section 1(k).	 	Deduction by Trustee from accumulated income following disbursement made to Company under Section 1(k).	 	$	250

	

 	
 	

Agreed:
	

Dated:                            , 2007	
 	

 	

 
	 	 	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                        , 2007 ("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:	

    
 Donald Hammond, Executive Vice President

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                        , 2007 ("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 as promptly as practicable to stockholders of record on the Last
Date (as defined in the Trust Agreement). 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:	

    
 Donald Hammond, Executive Vice President

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                        , 2007 ("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:	

    
 Donald Hammond, Executive Vice President

cc: Morgan Joseph & Co. Inc. 

EXHIBIT D  

	

 	
 	
[Letterhead of Company]	
 	

 
	

 	
 	
[Insert date]	
 	

 

Continental Stock Transfer

& Trust Company

17 Battery Place

New York, New York 10004

Attn: 

Re:
Trust Account No. 530- 

Gentlemen:

        Pursuant
to paragraph 1(k) of the Investment Management Trust Agreement between Taliera Corporation ("Company") and Continental Stock Transfer & Trust Company ("Trustee"), dated
as of                        , 2007 ("Trust Agreement"), this is to advise you that the Company hereby requests that you deliver
to the Company $            of the income earned on the Property as of the
date hereof. The Company also certifies that the $1.0 million line of credit from Taliera Holdings LLC has been fully drawn. The Company needs such funds to cover its expenses relating to
investigating and selecting a target business and other working capital requirements. In accordance with the terms of the Trust Agreement, you are hereby directed and authorized to transfer (via wire
transfer) such funds promptly upon your receipt of this letter to the Company's operating account at: 

[WIRE INSTRUCTION INFORMATION]

	

 	
 	

Very truly yours,
	

 	
 	

TALIERA CORPORATION
	

 	
 	

By:	

    
 J. Smoke Wallin, CEO
	

 	
 	

By:	

    
 Donald Hammond, Executive Vice President

cc: Morgan Joseph & Co. Inc. 

EXHIBIT E  

	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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Exhibit 10.13  

 
  AMENDED AND RESTATED
  REVOLVING LINE OF CREDIT AGREEMENT    
    

        This Amended and Restated Revolving Line of Credit Agreement ("Agreement"), dated as of January 10, 2007,
is by and between Taliera Corporation, a Delaware corporation ("Borrower"), and Taliera Holdings, LLC, an Indiana limited liability company
("Lender"). 

 
  RECITALS:    
    

        WHEREAS, Borrower was organized for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with an
operating business (a "Business Combination"); 

        WHEREAS,
Borrower intends to: (a) make a public offering (the "Public Offering") of its securities pursuant to a registration
statement (the "Registration Statement") filed with and declared effective by the Securities and Exchange Commission (the
"SEC"); (b) deposit the proceeds from the Public Offering and Private Offering into a trust account (the "Trust
Account") for the benefit of the purchasers of securities in the Public Offering, net of offering costs and underwriting discounts, to be held and disbursed in accordance with
the terms of the Investment Management Trust Agreement to be entered into between Borrower and Continental Stock Transfer & Trust Company as trustee (the "Trust
Agreement"); and (c) utilize the funds in the Trust Account in connection with a Business Combination; 

        WHEREAS,
Borrower and Lender have agreed to amend and restate the terms of a Revolving Line of Credit Agreement, by and between Borrower and Lender, dated June 30, 2006
("Initial Credit Agreement") in order to reduce the maximum amount to be advanced thereunder from $1,500,000 to $1,000,000; 

 
  AGREEMENT    
    

        Section 1.    The Loan.    

        1.1.    Lender
agrees to make advances to Borrower, and Borrower agrees to repay such advances, from time to time in accordance with the terms and conditions of this Agreement
and the form of revolving promissory note attached hereto as Exhibit A (the "Note"); provided, however, that notwithstanding anything to the
contrary in this Agreement, at no time shall the aggregate of all advances and readvances outstanding under the Loan at any time exceed One Million Five Hundred Thousand Dollars ($1,000,000). This
Agreement and the Note are each sometimes referred to in this Agreement individually as a "Loan Document," and are sometimes collectively referred to as
the "Loan Documents." 

        1.2.    Lender's
obligation to make advances shall expire upon the first to occur of the following: 

            1.2.1.    Upon
a material breach or default of any representation, warranty or agreement of Borrower that is not cured or corrected within 20 days of notice of such
breach from Lender; 

            1.2.2.    Upon
consummation of a Business Combination; 

            1.2.3.    Upon
notice from Lender at any time prior to the effectiveness of the Registration Statement; 

            1.2.4.    Two
years after the effective date of the Registration Statement; and 

            1.2.5.    Upon
the adoption of a resolution by the Board of Directors of Borrower authorizing or approving the dissolution and/or liquidation Borrower. 

        Section 2.    Conditions of Advances.    Upon reasonable advance request from Borrower, Lender shall make advances to
or as directed by Borrower, provided that each and all of the following conditions is satisfied: 

        2.1.    Borrower
shall have executed and delivered the Note to Lender; 

        2.2.    The
aggregate amount of outstanding advances following such advance shall not exceed One Million Dollars ($1,000,000); 

        2.3.    The
representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects; 

        2.4.    Borrower
shall have complied in all material respects with each of its agreements in the Loan Documents; 

        2.5.    The
advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and 

        2.6.    Prior
to the effectiveness of the Registration Statement, Lender consents to the advance. 

 

        Section 3.    Borrower Representations.    

        3.1.    Borrower
represents and warrants as follows: 

            3.1.1.    Borrower
has full power and authority to execute and deliver this Agreement and the other Loan Documents to be executed and delivered by it pursuant hereto and to
perform its obligations hereunder and thereunder. This Agreement and such Loan Documents constitute the valid and legally binding obligations of the Borrower and are enforceable against Borrower in
accordance with their terms. 

            3.1.2.    Neither
the execution and the delivery of the Loan Documents by Borrower, nor the consummation of the transactions contemplated by the Loan Documents, nor the
borrowing by Borrower, will (a) violate any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other restriction of any government, governmental
agency, or court to which Borrower is subject or any provision of the Certificate of Incorporation or Bylaws of Borrower, or (b) conflict with, result in a breach of, constitute a default
under, result in the acceleration of, create in any entity or natural person (each, a "Person") the right to accelerate, terminate, modify, or cancel,
any agreement, contract, lease, license, instrument, or other arrangement to which Borrower is a party or by which it is bound or to which any of its assets are subject (or result in the imposition of
any security interest upon any of its assets), in each case other than where such violation, conflict, breach, default, acceleration or creation of right would not reasonably be expected to have a
material adverse effect on the ability of Borrower to repay amounts due under the Note in accordance with the terms of the Loan Documents (a "Material Adverse
Effect"). 

            3.1.3.    Borrower
does not need to give any notice to, make any filing with, or obtain any authorization, permit, certificate, registration, consent, approval or order of any
government or governmental agency in order for the parties to consummate the transactions contemplated by this Agreement, except whether the failure would not reasonably be expected to have a Material
Adverse Effect. 

            3.1.4.    The
conditions to the obligation of Lender to make the advance, as set forth in Section 2, shall be satisfied. 

        3.2.    Each
and every representation and warranty made by Borrower in this Agreement shall be deemed renewed and remade upon the making of each and every advance or readvance
under the Note that Lender may make. 

        Section 4.    Borrower Covenants.    For as long as Lender shall have a commitment to make advances or there shall be
any outstanding balance on the Loan, without the prior consent of Lender, Borrower shall: 

        4.1.    Use
the proceeds only for: (a) prior to the closing of the Public Offering, costs and expenses of the Offering, including legal, accounting, printing and
"road show" expenses; (b) after the Closing of the Offering, ordinary and reasonable operating costs and expenses during the period Borrower
seeks to identify, investigate, negotiate and consummate a Business Combination, including Borrower's reporting obligations with the SEC, the audit and review of Borrower's financial statements,
identifying and investigating potential targets for a Business Combination, negotiating and closing the Business Combination, legal and other professional fees and expenses, fees, salaries and
compensation for directors, officers, employees, consultants and advisors, and insurance premiums; and (c) during the winding up period, any costs or expenses including legal and other
professional expenses related to the Borrower's liquidation. 

        4.2.    Within
three business days following the closing of the Public Offering, pay all outstanding principal and interest on the Loan and the Note outstanding as of the
closing of the Public Offering to the extent such amounts were borrowed in respect of offering costs for which Borrower may utilize the funds held by it which were not deposited into the Trust
Account; 

        4.3.    Not
declare or pay any dividend or distribution with respect to, or repurchase or redeem any shares of, the capital stock of Borrower, provided that this shall not
prohibit payments from the Trust Account to stockholders of Borrower in accordance with the Trust Agreement; 

        4.4.    Not
engage in any business other than identifying, investigating, negotiating and closing a Business Combination; 

        4.5.    Make
any material capital expenditure or purchase any material property or asset (other than office supplies and equipment); and 

        4.6.    Upon
request of Lender, provide to Lender copies of all filings with the Securities and Exchange Commission. 

2

 

        Section 5.    No Recourse to Trust Account.    Lender, on behalf of itself and its successors and assigns, hereby
acknowledges and agrees that under no circumstance shall Lender have any right, title or interest in or to any of the funds in the Trust Account, notwithstanding the fact that such funds were received
for the purchase and sale of securities of Borrower, or any funds distributed from the Trust Account other than in a Business Combination Distribution (as defined below), and that its sole recourse
for repayment of any and all amounts due under the Note shall be against the assets or properties of Borrower never deposited into the Trust Account or distributed to Borrower from the Trust Account
in a Business Combination Distribution. Lender hereby irrevocably waives any claim that it might have to funds in the Trust Account, and any funds distributed from the Trust Account other than in a
Business Combination Distribution, at law or in equity, agrees not to make any such claim, and agrees to indemnify and hold the Company harmless from any such claim made by or on behalf of Lender. For
purposes of this Section 5, a "Business Combination Distribution" means a distribution from the Trust Account in connection with the consummation
of Business Combination pursuant to the Trust Agreement. 

        Section 6.    Events of Default.    The occurrence of any of the following shall constitute an event of default (an
"Event of Default") hereunder and under each and every other Loan Document: 

        6.1.    The
Borrower shall fail to pay any principal, interest or any other amount as and when due and payable under any Loan Document; 

        6.2.    Any
representation or warranty which is made or deemed made in any Loan Document by the Borrower shall prove to have been incorrect or misleading in any material
respect on or as of the date made or deemed made or remade; 

        6.3.    The
Borrower shall fail to perform or observe any term, provision, covenant, or agreement contained in any Loan Document to be performed or observed by the Borrower
(other than any payment obligation) and such failure shall continue more than 20 days after notice thereof from Lender; 

        6.4.    The
Borrower shall (a) generally not, or be unable to, or admit in writing its inability to, pay its debts as such debts become due; or (b) make an
assignment for the benefit of creditors, or petition or apply to any tribunal for the appointment of a custodian, receiver, or trustee for it or a substantial part of its assets; or
(c) commence any proceeding under any bankruptcy, reorganization, arrangement, readjustment of debt, dissolution, or liquidation law or statute of any jurisdiction, whether now or hereafter in
effect; or (d) have any such petition or application filed or any such proceeding commenced against it in which an order for relief is entered or adjudication or appointment is made and which
remains undismissed for a period of 30 days or more; or (e) by any act or omission to act indicate consent to, approval of, or acquiescence in any such petition, application, or
proceeding, or order for relief, or the appointment of a custodian, receiver, or trustee for all or any such substantial part of its properties; or (f) suffer any such custodianship,
receivership, or trusteeship for all or any substantial part of its properties; or (g) suffer any such custodianship, receivership, or trusteeship to continue undischarged for a period of
30 days or more; or 

        6.5.    At
any time after execution and delivery of this Agreement, and for any reason at no fault of Lender, any Loan Document shall cease to be in full force and effect and
enforceable in accordance with its terms, or shall be declared null and void. 

        Section 7.    Consequences of Default.    If an Event of Default shall occur, Lender: 

        7.1.    Shall
have no further obligation to make advances under the Loan Documents; and 

        7.2.    May
declare the Note, all interest thereon, and all other amounts payable under this Agreement and any other Loan Document to be forthwith due and payable, whereupon
the Note, all such interest, and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest, or further notice of any kind, all of which are hereby expressly
waived by Borrower. 

3

 

        Section 8.    Miscellaneous Provisions.    

        8.1.    Notices.    All notices, requests, demands and other communications (collectively,
"Notices") given pursuant to this Agreement shall be in writing, and shall be delivered by personal service, courier, facsimile transmission or by
United States first class, registered or certified mail, addressed to the following addresses: 

	 	 If to Borrower:	 	Taliera Corporation

250 E. 96th Street, Suite 415

Indianapolis, IN 46240

Attention: J. Smoke Wallin

Facsimile: (317) 574-6424
	

 	
 	

 	
 	

 
	 	 If to Lender:	 	Taliera Holdings, LLC

250 E. 96th Street, Suite 415

Indianapolis, IN 46240

Attention: J. Smoke Wallin

Facsimile: (317) 574-6424

        Any
Notice, other than a Notice sent by registered or certified mail, shall be effective when received; a Notice sent by registered or certified mail, postage prepaid return receipt
requested, shall be effective on the earlier of when received or the third day following deposit in the United States mails (or on the seventh day if sent to or from an address outside the United
States). Any party may from time to time change its address for further Notices hereunder by giving notice to the other party in the manner prescribed in this Section. 

        8.2.    No Waivers; Remedies Cumulative.    No failure or delay by a party in exercising any right, power or privilege
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The
rights and remedies provided herein shall be cumulative and not exclusive of any rights or remedies provided by law. 

        8.3.    Amendments and Waivers.    Any provision of this Agreement may be amended or waived if, but only if, such
amendment or waiver is in writing and is signed by Borrower and Lender and such amendment is approved by the Board of Directors of Borrower. 

        8.4.    Successors and Assigns.    Borrower may not assign its right or duties hereunder without the prior written
consent of Lender, which consent Lender may deny, withhold or delay in its sole and absolute discretion. 

        8.5.    Governing Law.    This Agreement has been made and entered into in the State of Indiana and shall be construed
in accordance with the laws of the State of Indiana without giving effect to the principles of conflicts of law thereof. 

        8.6.    Prior Understandings.    This Agreement supersedes all prior understandings and agreements (whether written,
oral or otherwise) pertaining to the subject matter hereof, and constitutes the entire agreement between the parties hereto relating to the subject matter hereof and the transactions provided for
herein. 

        8.7.    Counterparts.    This Agreement may be executed in any number of counterparts each of which shall be deemed an
original and all of which shall constitute one and the same agreement with the same effect as if all parties had signed the same signature page. The parties shall accept facsimile signatures as the
equivalent of original ones. 

        8.8.    Severability.    If any provision of this Agreement or the application of such provision to any Person or
circumstance will be held invalid, the remainder of this Agreement or the application of such provision to Persons or circumstances other than those to which it is held invalid will not be affected
thereby. 

        8.9.    Additional Documents and Acts.    Borrower shall execute and deliver such additional documents and instruments
and shall perform such additional acts as may be necessary or appropriate to effectuate, carry out and perform all of the terms, provisions, and conditions of this Agreement and the transactions
contemplated by this Agreement. 

        8.10.    Survival.    All indemnities, rights, remedies, representations and warranties contained herein shall survive
the expiration or termination of this Agreement, and no termination or expiration hereof shall relieve either party from liability for any breach of this Agreement. 

4

 

        IN
WITNESS WHEREOF, the parties have executed and delivered this Agreement to one another as of the date first above written. 

	 	 	LENDER:
	 	 	TALIERA HOLDINGS, LLC
	

 	
 	

By:	
 	

/s/ J. SMOKE WALLIN

	 	 	 	 	J. Smoke Wallin, President
	

 	
 	

 	
 	

 
	 	 	BORROWER:
	 	 	TALIERA CORPORATION
	

 	
 	

By:	
 	

/s/ J. SMOKE WALLIN

	 	 	 	 	J. Smoke Wallin, Chief Executive Officer

5

 
 

EXHIBIT A
  
    REVOLVING LINE OF CREDIT NOTE    
    

	Not to Exceed $1,000,000 in Principal	 	January 10, 2007

        For
value received, the undersigned TALIERA CORPORATION, a Delaware corporation
("Borrower"), promises to pay, in lawful money of the United States, to the order of TALIERA
HOLDINGS, LLC, an Indiana limited liability company, together with his successors and assigns ("Holder"), at such address
as Holder may direct, the principal sum of One Million Dollars ($1,000,000), or so much thereof as shall have been advanced and shall remain unpaid hereunder, together with interest from date of
disbursement at the rate of 8% per annum (the "Interest Rate"). Interest shall be computed at the Interest Rate on the basis of the actual number of
days during which the principal balance is outstanding, divided by 365, which shall, for interest computation purposes, be considered one year. Notwithstanding anything to the contrary expressed or
implied herein, all payments made by Borrower hereunder (including, without limitation, any prepayments) shall be applied first to accrued but unpaid interest and second to the reduction of the
principal due hereunder. 

        This
Note is delivered pursuant to, and is subject to all of the terms and conditions of, that certain Amended and Restated Revolving Line of Credit Agreement dated January 10,
2007 (as from time to time amended, the "Loan Agreement") between Borrower and Holder. Unless otherwise defined in this Note, capitalized terms used in
this Note shall have the meanings ascribed to them in the Loan Agreement, and in the event of any conflict between the terms of this Note and the terms of the Loan Agreement, the terms of the Loan
Agreement shall govern. 

        Section 1.    Maturity.    This Note shall mature and become due and payable upon the first to occur of the following:

        1.1.    Upon
the occurrence of a Business Combination; 

        1.2.    Upon
declaration of Holder upon the occurrence of an Event of Default, as provided in Section 7.2 of the Loan Agreement; 

        1.3.    Upon
the second anniversary of the effective date of the Registration Statement; 

        1.4.    Upon
the adoption of a resolution by the Board of Directors of Borrower authorizing or approving the dissolution and/or liquidation of Borrower; or 

        1.5.    Upon
demand of Holder at any time prior to the effectiveness of the Registration Statement. 

        Section 2.    Prepayment.    This Note may be repaid in whole or in part at any time without penalty or premium.

        Section 3.    Event of Default.    Should an Event of Default (as defined in the Loan Agreement) occur, Lender shall
have the rights set forth in Section 7 of the Loan Agreement. 

        Section 4.    Borrower's Acknowledgement.    Borrower acknowledges that Holder is extending the credit contemplated
hereby solely as an accommodation to Borrower, and is willing to do so in reliance upon Borrower's monetary and non-monetary covenants contained herein and in the Loan Agreement. 

        Section 5.    Holder's Acknowledgement.    The Holder acknowledges and agrees that, as specified in Section 5
of the Loan Agreement, the Holder has limited recourse against Borrower for repayment of any and all amounts due and owing under this Note. 

        Section 6.    Miscellaneous.    If this Note (or any payment due hereunder) is not paid when due, Borrower promises to
pay all costs and expenses of collection and reasonable attorneys' fees incurred by the Holder hereof on account of such collection, plus interest at the rate applicable to principal, whether or not
suit is filed hereon. Borrower consents to renewals, replacements and extensions of time for payment hereof, before, at, or after maturity, consents to the acceptance, release or substitution of
security for this Note, and waives demand and protest. The indebtedness evidenced hereby shall be payable in lawful money of the United States. In any action brought under or arising out of this Note,
Borrower, including successor(s) or assign(s), hereby consents to the application of Indiana law, to the jurisdiction of any competent court within the State of Indiana, and to service of process by
any means authorized by Indiana law. No single or partial exercise of any power hereunder, or under any other Loan Document in connection herewith, shall preclude other or further exercises thereof or
the exercise of any other such power. 

 

        IN
WITNESS WHEREOF, Borrower has executed and delivered this Note as of the date first above written. 

	 	 	TALIERA CORPORATION
	

 	
 	

By:	
 	

/s/  J. SMOKE WALLIN      

	 	 	 	 	J. Smoke Wallin, Chief Executive Officer

A-2

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AMENDED AND RESTATED REVOLVING LINE OF CREDIT AGREEMENT

RECITALS

AGREEMENT

EXHIBIT A REVOLVING LINE OF CREDIT NOTE

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