Document:

Exhibit 10.6

HOROWITZ SUBSCRIPTION AGREEMENT

          Edward D. Horowitz (“Purchaser”) hereby subscribes for ONE MILLION SEVENTY-EIGHT THOUSAND ONE HUNDRED TWENTY-FIVE (1,078,125) units (the
“Units”) of Global Entertainment & Media Holdings Corporation, a Delaware corporation (the “Company”), each Unit consisting of one share of common stock, par value $0.0001 per share (the “Common Stock”), and one warrant (a “Warrant) to purchase one share of Common Stock at an exercise price of
$7.50 per share, for an aggregate purchase price of SIX THOUSAND TWO HUNDRED FIFTY DOLLARS AND ZERO CENTS ($6,250.00) the receipt and sufficiency of which is hereby acknowledged. The undersigned represents and warrants to the Company that he
is an “accredited investor” as that term is defined in Rule 501 of Regulation D under the Securities Act of 1933, as amended. Upon receipt by the Company of said consideration on this date, the Company shall issue to the undersigned
certificates evidencing the Units registered in the undersigned’s name or, if not certificated, provide documentation reflecting the registration in the name of the undersigned on the stock ledger of the Company. Following such issuance of the
Units, the capitalization of the Company shall be as set forth on Schedule A hereto. For so long as the Units subscribed hereto are subject to transfer restrictions, the
undersigned further acknowledges that the Units shall be held in an escrow account maintained by a third party pursuant to an escrow agreement, dated on or about the effective date of the Company’s initial public offering, to be entered into
by and among the Company, such third party and others.

          In connection with the purchase of the Units, Purchaser makes the representations set forth on Annex A to the Company.

Dated: January 28, 2008

	
/s/ Edward D. Horowitz  
	
Edward D. Horowitz  

	
Accepted and Agreed on this 28th day of
  
	
January 2008:
  
	 

  
	
Global Entertainment & Media Holdings
  
	
Corporation
  

	
By:     	/s/
    Mark Piegza
	  	Name: Mark Piegza 
	   	Title: President and Secretary

SCHEDULE A

Capitalization of Global Entertainment & Media Holdings Corporation

	   	   	
Number of  	   	
Percentage of  
	
Unitholder  	   	
Units  	   	
Ownership  
	
Jules Haimovitz  	   	
1,078,125  	   	
25  	
%  
	
Mark Piegza  	   	
1,078,125  	   	
25  	
%  
	
Ronald Bernard  	   	
1,078,125  	   	
25  	
%  
	
Edward D. Horowitz  	   	
1,078,125  	   	
25  	
%  
	
Total  	   	
4,312,500  	   	
100  	
%  

ANNEX A

          (a)     Purchaser has been furnished with all materials relating to the Company’s business affairs and financial condition and materials related to the offer and sale of the Units that have been
requested by Purchaser and has acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire the Units. Purchaser has been afforded the opportunity to ask questions of the executive officers and
directors of the Company. Purchaser understands that his investment in the Units involves a high degree of risk. Purchaser has sought such accounting, legal and tax advice as Purchaser has considered necessary to make an informed investment decision
with respect to Purchaser’s acquisition of the Units. Purchaser has such knowledge and expertise in financial and business matters, knows of the high degree of risk associated with investments generally and particularly investments in the
securities of companies in the development stage such as the Company, is capable of evaluating the merits and risks of an investment in the Units, and is able to bear the economic risk of an investment in the Units in the amount contemplated
hereunder. Purchaser can afford a complete loss of his investment in the Units. Purchaser is purchasing the Units for investment for Purchaser’s own account only and not with a view to, or for resale in connection with, any
“distribution” thereof within the meaning of the Securities Act of 1933, as amended (the “Securities Act”). Purchaser understands that the Company is a
blank check development stage company recently formed for the purpose of consummating an initial Business Combination (as such term is defined in the Amended and Restated Certificate of Incorporation of the Company, as the same may be amended from
time to time) and understands that there is no assurance as to the future performance of the Company and that the Company may never effectuate a Business Combination. 

          (b)     Purchaser understands that the Units (including the shares of Common Stock issuable upon exercise of the Warrants) have not been registered under the Securities Act or any state securities
law by reason of a specific exemption therefrom, and that the Company is relying on the truth and accuracy of, and Purchaser’s compliance with, the representations and warranties and agreements of Purchaser set forth herein to determine the
availability of such exemptions and the eligibility of Purchaser to acquire such Units, including, but not limited to, the bona fide nature of Purchaser’s investment intent as expressed herein. 

          (c)     Purchaser further acknowledges and understands that the Units (including the shares of Common Stock issuable upon exercise of the Warrants) must be held indefinitely, subject to any
expiration, unless they are subsequently registered under the Securities Act and a related prospectus is available for use or an exemption from such registration is available. Purchaser understands that the certificates evidencing the Securities
will be imprinted with a legend which prohibits the transfer of thereof unless they are registered or such registration is not required in the opinion of counsel for the Company. 

          (d)     Purchaser is familiar with the provisions of Rule 144 under the Securities Act, as in effect from time to time (“Rule 144”), which, in substance, permit limited public resale of “restricted securities” acquired, directly or indirectly, from the issuer thereof (or from an affiliate of such issuer), in a non-public offering subject to the
satisfaction of certain conditions. Unless the Company registers the Units (including the shares of Common Stock issuable upon exercise 

of the Warrants) under the Securities Act, the Units (including the shares of Common Stock issuable upon exercise of the Warrants) may be resold by Purchaser only in certain limited circumstances subject to the provisions
of Rule 144, which requires, among other things: (i) the availability of certain public information about the Company and (ii) the resale occurring following the required holding period under Rule 144 after Purchaser has purchased, and made full
payment of (within the meaning of Rule 144), the securities to be sold. 

          (e)     Purchaser further understands that at the time Purchaser wishes to sell the Units there may be no public market upon which to make such a sale, and that, even if such a public market then
exists, the Company may not be satisfying the current public information requirements of Rule 144, and that, in such event, Purchaser would be precluded from selling the Units (including the shares of Common Stock issuable upon exercise of the
Warrants) under Rule 144 even if the minimum holding period requirement had been satisfied. Notwithstanding Sections 6(d) and (e) hereof, Purchaser understands that he may be considered a promoter of the Company and understands that it is the
position of the Securities and Exchange Commission (the “SEC”) that promoters or affiliates of a blank check company and their transferees, both before and after a
Business Combination, would act as an “underwriter” under the Securities Act when reselling the securities of a blank check company. Accordingly, the SEC believes that those securities can be resold only through a registered offering and
that Rule 144 would not be available for those resale transactions despite technical compliance with the requirements of Rule 144. 

          (f)     Purchaser represents that Purchaser is an “accredited investor” as that term is defined in Rule 501 of Regulation D promulgated by the SEC under the Securities Act. 

          (g)     Purchaser has all necessary power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. All action necessary to be taken by Purchaser to
authorize the execution, delivery and performance of this Agreement and all other agreements and instruments delivered by Purchaser in connection with the transactions contemplated hereby has been duly and validly taken, and this Agreement has been
duly executed and delivered by Purchaser. Subject to the terms and conditions of this Agreement, this Agreement constitutes the valid, binding and enforceable obligation of Purchaser, enforceable in accordance with its terms, except as
enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or similar laws of general application now or hereafter in effect affecting the rights and remedies of creditors and by general
principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity); and (ii) the applicability of the federal and state securities laws and public policy as to the enforceability of the indemnification provisions
of this Agreement. The purchase by Purchaser of the Units does not conflict with the organizational documents of Purchaser or with any material contract by which Purchaser or his property is bound, or any laws or regulations or decree, ruling or
judgment of any court applicable to Purchaser or his property.

          (h)     Purchaser did not decide to enter into this Agreement as a result of any general solicitation or general advertising within the meaning of Rule 502(c) of the Securities Act. 

          (i)     Purchaser understands that no United States federal or state agency or any other government or governmental agency has passed on or made any recommendation or 

endorsement of the Units or the fairness or suitability of the investment in the Units, nor have such authorities passed upon or endorsed the merits of the offering of the Units.-- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Exhibit 10.7

     THIS WARRANT AGREEMENT is made as of ___, 2008, between Global Entertainment & Media Holdings Corporation, a Delaware corporation, with offices at 1325 Avenue of
the Americas, New York, NY 10019 (the “Company”), and (the “Warrant Agent”).

     WHEREAS, in connection with the Company’s formation, the Company issued 4,312,500 units the (“Initial Units”), each Initial Unit consisting of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”), and one warrant entitling the
holder thereof to purchase one share of Common Stock for $7.50, subject to adjustment as described herein (such warrants, the “Initial Warrants”);

     WHEREAS, the Company has filed a registration statement (as amended, the “Registration Statement”), No. 333-149168, on Form S-1 under the Securities Act of 1933, as amended (the “Securities Act”) with the Securities and Exchange Commission (the
“Commission”) in connection with an initial public offering (the “Initial Public Offering”) of 15,000,000 units
of the Company (or up to 17,250,000 units if and to the extent that the underwriters exercise their over-allotment option) (the “Public Units”), each Public Unit consisting of one
share of Common Stock and one warrant entitling the holder thereof to purchase one share of Common Stock for $7.50, subject to adjustment as described herein (such warrants, the “Public Warrants”);

     WHEREAS, immediately prior to the completion of the Initial Public Offering, the Company shall sell and issue in a private placement to Jules Haimovitz, Ronald C.
Bernard, Mark J. Piegza, Edward D. Horowitz, John Sie, Shapiro Media Ventures LLC and Nicholas Toms an aggregate of 3,750,000 warrants (the “Private Placement Warrants,” together
with the Initial Warrants, the “Private Warrants”), each such Private Placement Warrant entitling the holder thereof to purchase one share of Common Stock for $7.50, subject to
adjustment as described herein;

     WHEREAS, the Public Warrants and the Private Warrants are collectively referred to herein as the “Warrants”;

     WHEREAS, the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance,
registration, transfer, exchange, redemption, exercise and cancellation of the Warrants;

     WHEREAS, the Company desires to provide for the form and provisions of the Warrants, the terms upon which they shall be issued and exercised, and the respective
rights, limitation of rights, and immunities of the Company, the Warrant Agent, and the holders of the Warrants; and

     WHEREAS, all acts and things have been done and performed which are necessary to make the Warrants, when executed on behalf of the Company and countersigned by or on
behalf of the Warrant Agent, as provided herein, the valid, binding and legal obligations of the Company, and to authorize the execution and delivery of this Agreement.

     NOW, THEREFORE, in consideration of the mutual agreements herein contained, the parties hereto agree as follows:

     1.      Appointment of Warrant Agent. The Company hereby appoints the Warrant Agent to act as agent for the Company
with respect to the Warrants, and the Warrant Agent hereby accepts such appointment and agrees to perform the same in accordance with the terms and conditions set forth in this Agreement.

     2.      Warrants.

          2.1      Form
of Warrant. The Public Warrants shall be issued
in registered form in substantially the form of Exhibit
A hereto, the Initial Warrants shall be issued
in unregistered form in substantially the form of Exhibit
 B hereto and the Private Placement Warrants shall
 be issued in unregistered form in substantially the form of Exhibit
 C hereto,
the provisions of which exhibits are incorporated herein. Each Warrant shall
be signed by, or bear the facsimile signature of, (i) the Chairman of the Board
of Directors, the President or the Chief Executive Officer of the Company and
(ii) the Treasurer or the Secretary of the Company. In the event the person whose
facsimile signature has been placed upon any Warrant shall have ceased to serve
in the capacity in which such person signed the Warrant before such Warrant is
issued, it may be issued with the same effect as if he or she had not ceased
to be such at the date of issuance. All of the Public Warrants shall initially
be represented by one or more book-entry certificates (each a “Book-Entry
Warrant Certificate”).

          2.2      Effect of Countersignature. Unless and until countersigned by the Warrant Agent pursuant to this
Agreement, a Warrant shall be invalid and of no effect and may not be exercised by the holder thereof.

          2.3      Registration.

               2.3.1      Warrant Register. The Warrant Agent shall maintain books (“Warrant
Register”) for the registration of original issuance and the registration of transfers of the Warrants. Upon the initial issuance of the Warrants, the Warrant Agent shall issue and register such Warrants in the
names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Warrant Agent by the Company. All of the Public Warrants shall initially be represented by one or more Book-Entry Warrant
Certificates deposited with The Depository Trust Company (the “Depository”) and registered in the name of Cede & Co., a nominee of the Depository. Ownership of beneficial
interests in the Public Warrants shall be shown on, and the transfer of such ownership shall be effected through, records maintained by (i) the Depository or its nominee for each Book-Entry Warrant Certificate, or (ii) institutions that have
accounts with the Depository (such institution, with respect to a Public Warrant in its account, a “Participant”).

     If the Depository subsequently ceases to make its book-entry settlement system available for the Public Warrants, the Company may instruct the Warrant Agent regarding making other arrangements for
book-entry settlement. In the event that the Public Warrants are not eligible for, or it is no longer necessary to have the Public Warrants available in, book-entry form, the Warrant Agent shall provide written instructions to the Depository to
deliver to the Warrant 

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Agent for cancellation each Book-Entry Warrant Certificate, and the Company shall instruct the Warrant Agent to deliver to the Depository definitive certificates in physical form evidencing such Warrants (“Definitive Warrant Certificates”).

               2.3.2      Beneficial Owner; Registered Holder. The term “beneficial
owner” shall mean, on or after the Detachment Date (as defined below), any person in whose name ownership of a beneficial interest in the Public Warrants evidenced by a Book-Entry Warrant Certificate is recorded in
the records maintained by the Depository or its nominee, and prior to the Detachment Date, the person in whose name the Public Unit of which such Public Warrant or part thereof was originally part of, as registered upon the register relating to such
Public Units. Prior to due presentment for registration of transfer of any Warrant, the Company and the Warrant Agent may deem and treat the person in whose name such Warrant shall be registered upon the Warrant Register (a “Registered Holder”) as the absolute owner of such Warrant (notwithstanding any notation of ownership or other writing on the Warrant Certificate made by anyone other than the Company or the Warrant
Agent), for the purpose of any exercise thereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary.

          2.4      Detachability of Warrants.

               2.4.1      Public
Units. The securities comprising the Public Units
will not be
separately transferable until five Business Days (or as soon as practicable thereafter)
following the earlier to occur of (a) the expiration or termination of the underwriters’ over-allotment
option or (b) the exercise in full by the underwriters of such option (the “Detachment Date”),
subject in each case to the Company having filed a  Current Report on Form 8-K
with the Commission containing an audited balance sheet reflecting the receipt
by the Company of the net proceeds of the Initial Public Offering, including
the proceeds received by the Company from the exercise of the  underwriters’ over-allotment
option and the proceeds from the sale of the Private Placement Warrants, and
having issued a press release announcing when the separate trading of such securities
will begin. For purposes of this Agreement,
“Business Day” shall
mean any day that is not a Saturday or Sunday and is not a United States federal
holiday or a day on which banking institutions generally are authorized or obligated
by law or regulation to close in New York City. 

               2.4.2      Private Warrants. The securities comprising the Private Warrants will be separately transferable at any
time, subject to the transfer restrictions described in Section 5. 

     3.      Terms and Exercise of Warrants. 

          3.1      Exercise
Price. Each Warrant shall, when countersigned by
the Warrant Agent,
entitle the Registered Holder thereof, subject to the provisions of such Warrant
and this Agreement, to purchase from the Company the number of shares of Common
Stock stated therein, at the price of $7.50 per whole
share, subject to the adjustments provided in Section 4 hereof and in the last
sentence of this Section 3.1. The term “Exercise
Price” as
used in this Agreement refers to the price per share at which Common Stock may
be purchased at the time a Warrant is exercised. The Company in its sole discretion
may lower the Exercise Price at any 

3

time prior to the Expiration Date (as defined below); provided, however, that any change in the Exercise Price must apply equally to all of the Warrants, and provided, further, that any reduction in the Exercise Price must remain
in effect for at least 20 Business Days. 

          3.2      Duration of Warrants. The Warrants may be exercised only during the periods indicated below (the
“Exercise Period”):

          (i) The Initial Warrants may only be exercised on a Business Day occurring after the last sale price of the Company’s Common Stock as
reported on the American Stock Exchange LLC (“AMEX”), or any other principal stock exchange or automated quotation system on which the Common Stock is traded or quoted, equals or
exceeds $13.75 per share, as such price may be adjusted pursuant to Section 4.3 (the “Floor Price”), for any 20 trading days within any 30 trading day period beginning one year
after the date of the Company’s consummation of the Business Combination and only if there is an effective registration statement covering the shares of Common Stock issuable upon exercise of the Public Warrants and a current prospectus
relating to the shares of Common Stock issuable upon exercise of the Public Warrants; provided, that the Initial Warrants will not be exercisable so long as the Public Warrants are not exercisable. 

          (ii) The Public Warrants and the Private Placement Warrants may only be exercised on a Business Day occurring on or after the latter of the
consummation of a Business Combination or                     , 2009, unless such warrants have previously expired, provided that, during the period in which the Public Warrants are exercisable, a registration statement under the Securities Act covering the shares of
Common Stock issuable upon exercise of the Public Warrants is effective and a current prospectus relating to the shares of Common Stock issuable upon exercise of the Public Warrants is available. 

     “Business Combination” means the Company’s initial business combination, through a merger, capital stock exchange, stock
purchase, asset acquisition, or other similar business combination with one or more operating businesses meeting the conditions described in the Registration Statement and the Company’s amended and restated certificate of incorporation, as the
same may be amended from time to time.

     The Exercise Period will terminate at 5:00 P.M., New York City time on the earlier to occur of (i) the fifth anniversary of the date of the final prospectus that forms a part of the Registration
Statement and (ii) the date fixed for redemption of the Warrants as provided in Section 6 of this Agreement (the “Expiration Date”). Except with respect to the right to receive the
Redemption Price (as set forth in Section 6 hereunder), each Warrant not exercised on or before the Expiration Date shall become void, and all rights thereunder and all rights in respect thereof under this Agreement shall cease at the close of
business on the Expiration Date. The Company in its sole discretion may extend the duration of the Warrants by delaying the Expiration Date. Should the Company wish to extend the Expiration Date of the Warrants, the Company shall provide advance
notice to AMEX or any stock exchange on which the Warrants are listed in accordance with the applicable requirements of such exchange.

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          3.3      Terms and Exercise of Warrants.

               3.3.1      Method
of Exercise. A Registered Holder may exercise a
Warrant by
delivering, not later than 5:00 P.M., New York City time, on any Business Day
during the Exercise Period (the “Exercise Date”)
to the Warrant Agent at its corporate trust department (i) the Definitive Warrant
Certificate evidencing the Warrants to be exercised, or, in the case of a Book-Entry
Warrant Certificate, the Warrants to be exercised (the “Book-Entry
 Warrants”) on the records of the Depository
to an account of the Warrant Agent at the Depository designated for such purpose
in writing by the Warrant Agent to the Depository from time to time, (ii) an
election to purchase (“Election to Purchase”)
any shares of Common Stock pursuant to the exercise of a Warrant, properly completed
and executed by the Registered Holder on the reverse of the  Definitive Warrant
Certificate or, in the case of a Book-Entry Warrant Certificate, properly delivered
by the Participant in accordance with the Depository’s
procedures, and (iii) the Exercise Price for each Warrant to be exercised and
all applicable taxes due in connection with the exercise of the Warrants, in
lawful money of the United States of America; provided, however, that (1) holders of Public Warrants who exercise Public Warrants
on an Exercise Date occurring after the date of a Redemption Notice (as defined
below) and prior to the date fixed for redemption of the Public Warrants shall,
if the Company so requires, pay the Exercise Price by surrendering such Public
Warrants for that number of shares of Common Stock equal to the quotient obtained
by dividing (x) the product of the number of shares of Common Stock underlying
the surrendered Public Warrants, multiplied by the difference between the Redemption
Fair Market Value and the Exercise Price of the Public Warrants by (y) the Redemption
Fair Market Value and (2) with respect to the Private Warrants, so long as the
Private Warrants are held by their original purchaser or his or its Permitted
Transferees (as defined below), any holder of Private Warrants may, in lieu of
payment of the Exercise Price, surrender his or its Private Warrants for that
number of shares of Common Stock equal to the quotient obtained by dividing (x)
the product of the number of shares of Common Stock underlying the surrendered
Private Warrants, multiplied by the difference between the Fair Market Value
(as defined below) and the Exercise Price by (y) the Fair Market Value. For avoidance
of doubt, in no event may a Registered Holder expect or compel the Company to
deliver any consideration under a Warrant other than shares of Common Stock as
described immediately above.
“Fair Market Value” shall
mean the average reported last sale price of the Common Stock for the 10 trading
days ending on the third trading day prior to the date on which the Election
to Purchase by a holder of Private Warrants is sent to the Warrant Agent. “Redemption Fair Market Value” shall
mean the average reported last sale price of the Common Stock for the 10 trading
days ending on the third trading day prior to the date on which the notice of
redemption is sent to the Registered Holders of such Public Warrants. “Permitted Transferees” shall mean (i) immediate family members of the
Registered Holder, (ii) affiliates of the Registered Holder, (iii) current and former directors, officers and employees of the Registered Holder, (iv) any charitable organizations, (v) trusts, the beneficiary of which is a member of the Registered
Holder’s immediate family, (vi) any individual by virtue of the laws of descent and distribution upon the death of the Registered Holder, (vii) officers or directors of the Company, (viii) any individual pursuant to a qualified domestic
relations order or (ix) corporations, partnerships, limited liability companies or other organizations, in the event of a merger, capital stock exchange, stock purchase, asset acquisition or other similar transaction which results in all the
Company’s stockholders having the right to exchange their shares of 

5

Common Stock for cash, securities or other property subsequent to the Company’s consummating a Business Combination with an acquisition target.

     If any of (A) the Definitive Warrant Certificate or the Book-Entry Warrant Certificate, (B) the Election to Purchase, (C) the Exercise Price therefor or (D) surrendered Warrants is received by the
Warrant Agent after 5:00 P.M., New York City time, on the specified Exercise Date, the Warrants will be deemed to be received and exercised on the Business Day next succeeding the Exercise Date. If the date specified as the Exercise Date is not a
Business Day, the Warrants will be deemed to be received and exercised on the next succeeding day that is a Business Day. If the Warrants are received or deemed to be received after the Expiration Date, the exercise thereof will be null and void and
any funds delivered to the Warrant Agent will be returned to the Registered Holder or Participant, as the case may be, as soon as practicable. In no event will interest accrue on funds deposited with the Warrant Agent in respect of an exercise or
attempted exercise of Warrants. The validity of any exercise of Warrants will be determined by the Company in its sole discretion and such determination will be final and binding upon the Registered Holder and the Warrant Agent. Neither the Company
nor the Warrant Agent shall have any obligation to inform a Registered Holder of the invalidity of any exercise of Warrants.

     The Warrant Agent shall deposit all funds received by it in payment of the Exercise Price in the account of the Company maintained with the Warrant Agent for such purpose and shall advise the Company
at the end of each day on which funds for the exercise of the Warrants are received of the amount so deposited to its account. The Warrant Agent shall promptly confirm such telephonic advice to the Company in writing.

     The Warrant Agent shall, by 11:00 A.M., New York City time, on the Business Day following the Exercise Date of any Warrant, advise the Company and the transfer agent and registrar in respect of (a)
the shares of Common Stock issuable upon such exercise in accordance with the terms and conditions of this Agreement, (b) the instructions of each Registered Holder or Participant, as the case may be, with respect to delivery of the shares of Common
Stock issuable upon such exercise, and the delivery of Definitive Warrant Certificates, as appropriate, evidencing the balance, if any, of the Warrants remaining after such exercise, (c) in case of a Book-Entry Warrant Certificate, the notation that
shall be made to the records maintained by the Depository, its nominee for each Book-Entry Warrant Certificate, or a Participant, as appropriate, evidencing the balance, if any, of the Warrants remaining after such exercise and (d) such other
information as the Company or such transfer agent and registrar shall reasonably require.

     The Company shall, by 5:00 P.M., New York City time, on the third Business Day next succeeding the Exercise Date of any Warrant and the clearance of the funds in payment of the Exercise Price,
execute, issue and deliver to the Warrant Agent, the shares of Common Stock to which such Registered Holder or Participant, as the case may be, is entitled, in fully registered form, registered in such name or names as may be directed by such
Registered Holder or the Participant, as the case may be. Upon receipt of such shares of Common Stock, the Warrant Agent shall, by 5:00 P.M., New York City time, on the fifth Business Day next succeeding such Exercise Date, transmit such shares of
Common Stock to or upon the order of the Registered Holder or Participant, as the case may be.

6

     In lieu of delivering physical certificates representing the shares of Common Stock issuable upon exercise, provided the Company’s transfer agent is participating in the Depository Fast Automated
Securities Transfer program, the Company shall use its reasonable efforts to cause its transfer agent to electronically transmit the shares of Common Stock issuable upon exercise to the Registered Holder or the Participant by crediting the account
of the Registered Holder’s prime broker with the Depository or of the Participant through its Deposit Withdrawal Agent Commission system. The time periods for delivery described in the immediately preceding paragraph shall apply to the
electronic transmittals described herein.

     The accrual of dividends, if any, on the shares of Common Stock issued upon the valid exercise of any Warrant will be governed by the terms generally applicable to such shares of Common Stock.
Starting with the Exercise Date, the former holder of the Warrants exercised will be entitled to the benefits generally available to other holders of shares of Common Stock and such former holder’s right to receive payments of dividends and any
other amounts payable in respect of the shares of Common Stock shall be governed by, and shall be subject to, the terms and provisions generally applicable to such shares of Common Stock.

     Warrants may be exercised only in whole numbers of shares of Common Stock. No fractional shares of Common Stock are to be issued upon the exercise of the Warrant, but rather the number of shares of
Common Stock to be issued shall be rounded up to the nearest whole number. If fewer than all of the Warrants evidenced by a Warrant Certificate are exercised, a new Warrant Certificate for the number of unexercised Warrants remaining shall be
executed by the Company and countersigned by the Warrant Agent as provided in Section 2.1 of this Agreement, and delivered to the holder of this Warrant Certificate at the address specified on the books of the Warrant Agent or as otherwise specified
by such Registered Holder. If fewer than all the Warrants evidenced by a Book-Entry Warrant Certificate are exercised, a notation shall be made to the records maintained by the Depository, its nominee for each Book-Entry Warrant Certificate, or a
Participant, as appropriate, evidencing the balance of the Warrants remaining after such exercise.

     The Company shall not be required to pay any stamp or other tax or governmental charge required to be paid in connection with any transfer involved in the issue of the shares of Common Stock upon the
exercise of Warrants; and in the event that any such transfer is involved, the Company shall not be required to issue or deliver any shares of Common Stock until such tax or other charge shall have been paid or it has been established to the
Company’s satisfaction that no such tax or other charge is due.

               3.3.2      Payment. Subject to the provisions of the Warrant (including, but not limited to, the cashless exercise
provisions applicable to the Warrants) and this Agreement, a Warrant, when countersigned by the Warrant Agent, may be exercised by the Registered Holder thereof by surrendering it, at the office of the Warrant Agent, or at the office of its
successor as Warrant Agent, in the Borough of Manhattan, City and State of New York, with the subscription form, as set forth in the Warrant, duly executed, and by paying in full, in lawful money of the United States, in cash, good certified check
or good bank draft payable to the order of the Company (or as otherwise agreed to by the Company), the Exercise Price for each whole share of Common Stock as to which the Warrant is exercised and any and all applicable taxes due in 

7

connection with the exercise of the Warrant, the exchange of the Warrant for the Common Stock, and the issuance of the Common Stock.

               3.3.3      Issuance of Certificates. As soon as practicable after the exercise of any Warrant and the clearance of
the funds in payment of the Exercise Price, the Company shall issue to the Registered Holder of such Warrant a certificate or certificates for the number of full shares of Common Stock to which he is entitled, registered in such name or names as may
be directed by him, her or it, and if such Warrant shall not have been exercised in full, a new countersigned Warrant for the number of shares as to which such Warrant shall not have been exercised. Notwithstanding the foregoing and subject to
Section 7.4 of this Agreement, the Company shall not be obligated to deliver any shares of Common Stock and shall have no obligation to settle the Warrant exercise unless a registration statement under the Securities Act relating to the shares of
Common Stock issuable upon exercise of the Warrants is effective and a current prospectus is on file with the Commission and available for use or, in the opinion of counsel to the Company, the issuance of the Common Stock upon the exercise of the
Warrants is exempt from the registration requirements of the Securities Act and such securities are qualified for sale or exempt from qualification under applicable securities laws of the states or other jurisdictions in which the Registered Holder
resides. Notwithstanding anything to the contrary in this Agreement, and other than with respect to the cashless exercise provisions applicable to the Warrants, under no circumstances will the Company be required to net cash settle the Warrant
exercise. Warrants may not be exercised by, or shares of Common Stock issued to, any Registered Holder in any state in which such exercise or issuance would be unlawful. For the avoidance of doubt, as a result of this Section 3.3.3, any or all of
the Warrants may expire unexercised.

     In no event shall the registered Holder of a Warrant be entitled to receive any monetary damages if the Common Stock underlying the Warrants have not been registered by the Company pursuant to an
effective registration statement or if a current prospectus is not available for delivery by the Warrant Agent, provided the Company has fulfilled its obligation to use its reasonable efforts to effect such registration and ensure a current
prospectus is available for delivery by the Warrant Agent.

          3.4      Valid Issuance. All shares of Common Stock issued upon the proper exercise of a Warrant in conformity with
this Agreement shall be validly issued, fully paid and nonassessable.

          3.5      Date of Issuance. Each person in whose name any such certificate for shares of Common Stock is issued
shall for all purposes be deemed to have become the holder of record of such shares on the date on which the Warrant was surrendered and payment of the Exercise Price was made, irrespective of the date of delivery of such certificate, except that,
if the date of such surrender and payment is a date when the stock transfer books of the Company are closed, such person shall be deemed to have become the holder of such shares at the close of business on the next succeeding date on which the stock
transfer books are open.

8

     4.      Adjustments.

          4.1      Stock
Dividends – Split-Ups. If after the date hereof,
and subject to the provisions of Section 4.7, the number
of outstanding shares of Common Stock is increased by a stock dividend payable
in shares of Common Stock, or by a split-up of shares of Common Stock, or other
similar event, then, on the  effective date of such stock dividend, split-up
or similar event, the number of shares of Common Stock issuable on exercise of
each Warrant shall be increased in proportion to such increase in outstanding
shares of Common Stock.

          4.2      Extraordinary Dividend. If the Company, at any time during the Exercise Period, shall pay a dividend or
make a distribution in cash, securities or other assets to the holders of Common Stock (or other shares of the Company’s capital stock into which the Warrants are convertible), other than (a) as described in Sections 4.1, 4.3 or 4.5, (b)
regular quarterly or other periodic dividends, (c) in connection with the conversion rights of the holders of Common Stock upon consummation by the Company of a Business Combination, or (d) in connection with the Company’s liquidation and the
distribution of its assets upon its failure to consummate a Business Combination (any such non-excluded event being referred to herein as an “Extraordinary Dividend”), then the
Exercise Price and the Floor Price shall be decreased, effective immediately after the effective date of such Extraordinary Dividend, by the amount of cash and/or the fair market value (as determined by the Company’s Board of Directors, in good
faith) of any securities or other assets paid on each share of Common Stock (or other shares of the Company’s capital stock, into which the Warrants are convertible) in respect of such Extraordinary Dividend.

          4.3      Aggregation of Shares. If after the date hereof, and subject to the provisions of Section 4.7, the number
of outstanding shares of Common Stock is decreased by a consolidation, combination, reverse stock split or reclassification of shares of Common Stock or other similar event, then, on the effective date of such consolidation, combination, reverse
stock split, reclassification or similar event, the number of shares of Common Stock issuable on exercise of each Warrant shall be decreased in proportion to such decrease in outstanding shares of Common Stock.

          4.4      Adjustments in Exercise Price and Floor Price. Whenever the number of shares of Common Stock purchasable
upon the exercise of the Warrants is adjusted, as provided in Section 4.1 and 4.3 above, each of the Exercise Price and the Floor Price shall be adjusted (to the nearest cent) by multiplying such Exercise Price and Floor Price, as the case may be,
immediately prior to such adjustment by a fraction (a) the numerator of which shall be the number of shares of Common Stock purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (b) the denominator of which shall be
the number of shares of Common Stock so purchasable immediately thereafter; provided, that, with respect to any adjustments occurring prior to the completion of the Initial Public Offering, the Company may determine not to adjust the Exercise Price
and the Floor Price.

          4.5      Replacement of Securities upon Reorganization, etc. In case of any reclassification or reorganization of
the outstanding shares of Common Stock (other than a change covered by Section 4.1 or 4.3 hereof or that solely affects the par value of such shares of Common Stock), or in the case of any merger or consolidation of the Company with or into

9

another corporation (other than a consolidation or merger in which the Company is the continuing corporation and that does not result in any reclassification or reorganization of the outstanding shares of Common Stock), or in the
case of any sale or conveyance to another corporation or entity of the assets or other property of the Company as an entirety or substantially as an entirety in connection with which the Company is dissolved, the Registered Holders shall thereafter
have the right to purchase and receive, upon the basis and upon the terms and conditions specified in the Warrants and in lieu of the shares of Common Stock of the Company immediately theretofore purchasable and receivable upon the exercise of the
rights represented thereby, the kind and amount of shares of stock or other securities or property (including cash) receivable upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or
transfer, by a Registered Holder of the number of shares of Common Stock of the Company obtainable upon exercise of the Warrants immediately prior to such event; and if any reclassification also results in a change in shares of Common Stock covered
by Section 4.1 or 4.3, then such adjustment shall be made pursuant to Sections 4.1, 4.3, 4.4 and this Section 4.5. The provisions of this Section 4.5 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations,
sales or other transfers.

          4.6      Notices of Changes in Warrant. Upon every adjustment of the Exercise Price, Floor Price or the number of
shares issuable upon exercise of a Warrant, the Company shall give written notice thereof to the Warrant Agent, which notice shall state the Exercise Price or Floor Price resulting from such adjustment and the increase or decrease, if any, in the
number of shares purchasable at such price upon the exercise of a Warrant, setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. Upon the occurrence of any event specified in Sections 4.1,
4.2, 4.3, 4.4 or 4.5, then, in any such event, the Company shall give written notice to each Registered Holder, at the last address set forth for such holder in the Warrant Register, of the record date or the effective date of the event. Failure to
give such notice, or any defect therein, shall not affect the legality or validity of such event.

          4.7      No Fractional Shares. Notwithstanding any provision contained in this Agreement to the contrary, the
Company shall not issue fractional shares upon exercise of Warrants. If, by reason of any adjustment made pursuant to this Section 4 or by reason of any cashless exercise pursuant to Sections 3.3.1 or 6.1, the Registered Holder would be entitled,
upon the exercise of such Warrant, to receive a fractional interest in a share, the Company shall, upon such exercise, round up to the nearest whole number the number of the shares of Common Stock to be issued to the Registered Holder.

          4.8      Form of Warrant. The form of Warrant need not be changed because of any adjustment pursuant to this
Section 4, and Warrants issued after such adjustment may state the same Exercise Price and the same number of shares as is stated in the Warrants initially issued pursuant to this Agreement. However, the Company may at any time in its sole
discretion make any change in the form of Warrant that the Company may deem appropriate and that does not affect the substance thereof, and any Warrant thereafter issued or countersigned, whether in exchange or substitution for an outstanding
Warrant or otherwise, may be in the form as so changed.

10

     5.      Transfer and Exchange of Warrants.

          5.1      Transfer of Warrants.

          (i)      Prior
to the Detachment Date, the Public Warrants may be transferred
or exchanged only as part of the Public Units in which such Warrants are included,
and only for the purpose of effecting, or in conjunction with, a transfer or
exchange of such Public Unit. For the avoidance of doubt,  each transfer of a
Public Unit on the register relating to such Public Units shall operate also
to transfer the Warrants included in such Public Unit;

          (ii)      the Initial Warrants (and the Common Stock issuable upon exercise of such Warrants) may not be transferred, assigned or sold, other than
to a Permitted Transferee, until one year after the consummation by the Company of a Business Combination, unless, subsequent to the consummation by the Company of a Business Combination, (i) the closing price of the Common Stock equals or exceeds
the Floor Price for any 20 trading days within a 30 trading day period or (ii) the Company consummates a subsequent merger, stock exchange or other similar transaction which results in all of the Company’s stockholders having the right to
exchange their shares of Common Stock for cash, securities or other property; and

          (iii)      the Private Placement Warrants (and the Common Stock issuable upon exercise of such Warrants) may not be transferred, assigned or sold,
other than to a Permitted Transferee, until after the consummation by the Company of a Business Combination.

          5.2      Registration of Transfer. Subject to Section 5.3 below, the Warrant Agent shall register the transfer,
from time to time, of any outstanding Warrant upon the Warrant Register, upon surrender of such Warrant for transfer, properly endorsed with signatures properly guaranteed and accompanied by appropriate instructions for transfer. Upon any such
transfer, a new Warrant representing an equal aggregate number of Warrants shall be issued and the old Warrant shall be cancelled by the Warrant Agent. The Warrants so cancelled shall be delivered by the Warrant Agent to the Company from time to
time upon request.

          5.3      Procedure for Surrender of Warrants. Warrants may be surrendered to the Warrant Agent, together with a
written request for exchange or transfer, and thereupon the Warrant Agent shall issue in exchange therefor one or more new Warrants as requested by the Registered Holder of the Warrants so surrendered, representing an equal aggregate number of
Warrants; provided, however, that except as otherwise provided herein or in any Book-Entry Warrant Certificate, each Book-Entry Warrant Certificate may be transferred only in whole and only to the Depository, to another nominee of the Depository, to
a successor depository, or to a nominee of a successor depository; provided further, however, that in the event that a Warrant surrendered for transfer bears a restrictive legend, the Warrant Agent shall not cancel such Warrant and issue new
Warrants in exchange therefor until the Warrant Agent has received an opinion of counsel for the Company stating that such transfer may be made and indicating whether the new Warrants must also bear a restrictive legend. Upon any such registration
of transfer, the Company shall execute, and the Warrant Agent shall countersign and deliver, in the 

11

name of the designated transferee a new Warrant Certificate or Warrant Certificates of any authorized denomination evidencing in the aggregate a like number of unexercised Warrants.

          5.4      Fractional Warrants. The Warrant Agent shall not be required to effect any registration of transfer or
exchange that will result in the issuance of a Warrant Certificate for a fraction of a Warrant.

          5.5      Service Charges. No service charge shall be made for any exchange or registration of transfer of
Warrants.

          5.6      Warrant Execution and Countersignature. The Warrant Agent is hereby authorized to countersign and to
deliver, in accordance with the terms of this Agreement, the Warrants required to be issued pursuant to the provisions of this Section 5, and the Company, whenever required by the Warrant Agent, shall supply the Warrant Agent with Warrants duly
executed on behalf of the Company for such purpose.

     6.      Redemption.

          6.1      Redemption.

          (i)      Subject
to Section 6.4 hereof, not less than all of the outstanding Public
Warrants may be redeemed at the option of the Company, at any time after they
become exercisable and prior to their expiration, at the office of the Warrant
Agent, upon the notice referred to in Section 6.2, at the price of
$0.01 per Warrant (the “ Redemption Price”), provided that
the last sale price of the Common Stock on AMEX, or any other principal
stock exchange or automated quotation system on which the Common Stock may be
traded or quoted, equals or exceeds the Floor Price (subject to proportionate
adjustment to reflect adjustment to the Exercise Price as provided in Section
4.4) for any 20 trading days within a 30 trading day period ending three Business
Days prior to the date on which notice of redemption is given, and a registration
statement under the Securities Act relating to shares of Common Stock issuable
upon exercise of the Public Warrants is effective and expected to remain effective
to and including the Redemption Date (as defined below) and a prospectus relating
to the shares of Common Stock issuable upon exercise of the Public Warrants is
filed and available for use to and including the Redemption Date.

          (ii)      The Private Warrants shall not be redeemable by the Company so long as such Warrants are held by the original purchaser or his or its
Permitted Transferees.

          6.2      Date Fixed for, and Notice of, Redemption. In the event the Company shall elect to redeem all of the
outstanding Public Warrants, the Company shall fix a date for the redemption, which date shall be prior to the expiration of the Warrants (the “Redemption Date”). Notice of
redemption shall be mailed by first class mail, postage prepaid, by the Company not less than 30 days prior to the date fixed for redemption to the Registered Holders of the Public Warrants at their last addresses as they shall appear in the Warrant
Register (the “Redemption Notice”). Any notice mailed in the manner herein provided shall be conclusively presumed to
have been duly given on the date sent whether or not the Registered Holder received such notice.

12

          6.3      Exercise After Notice of Redemption. The Public Warrants may be exercised for cash or, if required by the
Company, on a cashless basis, in accordance with Section 3.3.1 of this Agreement at any time after the Redemption Notice shall have been given by the Company pursuant to Section 6.2 hereof and prior to the time and date fixed for redemption. On and
after the Redemption Date, the Registered Holder of the Public Warrants shall have no further rights except to receive, upon surrender of the Public Warrants, the Redemption Price.

          6.4      Outstanding Warrants Only. The Company understands that the redemption rights provided for by this Section
6 apply only to outstanding Public Warrants. To the extent a person holds rights to purchase Public Warrants, such purchase rights shall not be extinguished by redemption. However, once such purchase rights are exercised, the Company may redeem the
Public Warrants issued upon such exercise, provided that the criteria for redemption are met, including the opportunity of the Public Warrant holders to exercise prior to redemption pursuant to Section 3.3.1.

     7.      Other Provisions Relating to Rights of Holders of Warrants.

          7.1      No
Rights as Stockholder. A Warrant does not entitle
the Registered Holder thereof to any of the rights
of a stockholder of the Company, including, without limitation, the right to
receive dividends, or other distributions, exercise any preemptive rights, to
vote or to consent or to receive notice  as stockholders in respect of the meetings
of stockholders for the election of directors of the Company or any other matter.

          7.2      Lost, Stolen, Mutilated, or Destroyed Warrants. If any Warrant is lost, stolen, mutilated, or destroyed,
the Company and the Warrant Agent may on such terms as to indemnity or otherwise as they may in their discretion impose (which shall, in the case of a mutilated Warrant, include the surrender thereof), issue a new Warrant of like denomination,
tenor, and date as the Warrant so lost, stolen, mutilated, or destroyed. Any such new Warrant shall constitute a substitute contractual obligation of the Company, whether or not the allegedly lost, stolen, mutilated, or destroyed Warrant shall be at
any time enforceable by anyone.

          7.3      Reservation of Common Stock. The Company shall at all times reserve and keep available a number of its
authorized but unissued shares of Common Stock that will be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Agreement.

          7.4      Registration of Common Stock. Prior to the commencement of the Exercise Period, the Company shall use its
reasonable efforts to prepare and file with the Commission a post-effective amendment to the Registration Statement, or a new registration statement, for the registration under the Securities Act of, and it shall to take such action as may be
necessary to qualify for sale, in those states in which the Public Warrants were initially offered by the Company, the shares of Common Stock issuable upon exercise of the Public Warrants. In either case, the Company shall use its reasonable efforts
to cause the same to become effective on or prior to the commencement of the Exercise Period and to maintain the effectiveness of such registration statement and ensure that a current prospectus is on file with the Commission until the expiration of
the Public Warrants in accordance with the provisions of 

13

this Agreement; provided, however, that the Company shall not be obligated to deliver shares of Common Stock, and shall not have penalties nor be liable to the Registered Holder for failure to deliver shares of Common Stock
pursuant to Section 3, if a registration statement is not effective or a current prospectus is not on file with the Commission at the time of exercise of the Warrant by the holder. For the avoidance of doubt, the Company may be liable to a Warrant
holder for failure to fulfill its obligations to use its reasonable efforts pursuant to this Section 7.4.

          7.5      Delivery of Prospectus or Notice. Upon the exercise of any Warrant, if the Company requests, the Warrant
Agent shall deliver to the Holder of such Warrant, prior to or concurrently with the delivery of the shares of Common Stock issued upon such exercise, in accordance with the Company’s request, either (a) a prospectus relating to the shares of
Common Stock deliverable upon exercise of Warrants and complying in all material respects with the Securities Act, or (ii) the notice referred to in Rule 173 under the Securities Act.

     8.      Concerning the Warrant Agent and Other Matters.

          8.1      Payment
of Taxes. The Company will from time to time promptly
pay all taxes and charges that may be imposed upon
the Company or the Warrant Agent in respect of the issuance or delivery of shares
of Common Stock upon the exercise of the Warrants, but the Company shall not
be obligated to pay any  transfer taxes in respect of the Warrants or such shares
of Common Stock.

          8.2      Resignation, Consolidation, or Merger of Warrant Agent.

               8.2.1      Appointment
of Successor Warrant Agent. The Warrant Agent,
or any
successor to it hereafter appointed, may resign its duties and be discharged
from all further duties and liabilities hereunder after giving sixty (60) days’ prior
written notice to the Company. If the office of the  Warrant Agent becomes vacant
by resignation or incapacity to act or otherwise, the Company shall appoint in
writing a successor warrant agent in place of the Warrant Agent. If the Company
shall fail to make such appointment within a period of 30  days after it has
been notified in writing of such resignation or incapacity by the Warrant Agent
or any Registered Holder (who shall, with such notice, submit his Warrant for
inspection by the Company), then the holder of any Warrant may apply to  the
Supreme Court of the State of New York for the County of New York for the appointment
of a successor Warrant Agent at the Company’s
cost. Any successor warrant agent, whether appointed by the Company or by such
court, shall be a corporation organized and existing under the laws of the State
of New York, in good standing and having its principal office in the Borough
of Manhattan, City and State of New York, and authorized under such laws to exercise
corporate trust powers and subject to supervision or examination by federal or
state authority. After appointment, any successor warrant agent shall be vested
with all the authority, powers, rights, immunities, duties, and obligations of
its predecessor warrant agent with like effect as if originally named as warrant
agent hereunder, without any further act or deed; but if for any reason it becomes
necessary or appropriate, the predecessor warrant agent shall execute and deliver,
at the expense of the Company, an instrument transferring to such successor warrant
agent all the authority, powers, and rights of such predecessor warrant agent
hereunder; and upon request of any successor warrant agent the Company shall
make, execute, acknowledge, and deliver any and all 

14

instruments in writing for more fully and effectually vesting in and confirming to such successor warrant agent all such authority, powers, rights, immunities, duties, and obligations.

               8.2.2      Notice of Successor Warrant Agent. In the event a successor warrant agent shall be appointed, the
Company shall give notice thereof to the predecessor warrant agent and the transfer agent for the Common Stock not later than the effective date of any such appointment.

               8.2.3      Merger or Consolidation of Warrant Agent. Any corporation or other entity into which the Warrant Agent
may be merged or with which it may be consolidated or any corporation resulting from any merger or consolidation to which the Warrant Agent shall be a party shall be the successor warrant agent under this Agreement without any further
act.

          8.3      Fees and Expenses of Warrant Agent.

               8.3.1      Remuneration.
The Company agrees to pay the Warrant Agent reasonable
remuneration for its services as Warrant Agent hereunder and shall reimburse
the Warrant Agent upon written demand for all reasonable expenditures that the
Warrant Agent may reasonably incur in the execution of its  duties hereunder.

               8.3.2      Further Assurances. The Company agrees to perform, execute, acknowledge and deliver or cause to be
performed, executed, acknowledged and delivered all such further acts, instruments, and assurances as may reasonably be required by the Warrant Agent for the carrying out or performing of the provisions of this Agreement.

          8.4      Liability of Warrant Agent.

               8.4.1      Reliance
on Company Statement. Whenever in the performance
of its duties under this Agreement, the Warrant Agent
shall deem it necessary or desirable that any fact or matter be proved or established
by the Company prior to taking or suffering any action hereunder, such fact or
matter (unless  other evidence in respect thereof be herein specifically prescribed)
may be deemed to be conclusively proved and established by a statement signed
by the Chief Executive Officer, President or Chairman of the Board of the Company
and delivered to the  Warrant Agent. The Warrant Agent may rely upon such statement
for any action taken or suffered in good faith by it pursuant to the provisions
of this Agreement.

               8.4.2      Indemnity.

          (i)      The Warrant Agent shall be liable hereunder only for its own negligence, willful misconduct or bad faith. The Company agrees to indemnify
the Warrant Agent and save it harmless against any and all liabilities, including judgments, costs and reasonable counsel fees, for anything done or omitted by the Warrant Agent in the execution of this Agreement except as a result of the Warrant
Agent’s negligence, willful misconduct, or bad faith.

          (ii)      In case any action arising out of this Agreement is brought against the Warrant Agent, the Company will be entitled to participate therein
and, to the extent that it may wish, to assume the defense thereof, and after notice from the Company to the

15

Warrant Agent of its election so to assume the defense, the Company will not be liable to the Warrant Agent under this Section 8.4.2(ii) for any legal or other expenses subsequently incurred by the Warrant Agent in connection with
the defense thereof. The Warrant Agent shall not, without the prior written consent of the Company, effect any settlement of any pending or threatened action hereunder.

          8.4.3      Exclusions. The Warrant Agent shall have no responsibility with respect to the validity of this
Agreement or with respect to the validity or execution of any Warrant (except its countersignature thereof); nor shall it be responsible for any breach by the Company of any covenant or condition contained in this Agreement or in any Warrant; nor
shall it be responsible to make any adjustments required under the provisions of Section 4 hereof or responsible for the manner, method, or amount of any such adjustment or the ascertaining of the existence of facts that would require any such
adjustment; nor shall it by any act hereunder be deemed to make any representation or warranty as to the authorization or reservation of any shares of Common Stock to be issued pursuant to this Agreement or any Warrant or as to whether any shares of
Common Stock will when issued be valid and fully paid and nonassessable.

          8.5      Acceptance of Agency. The Warrant Agent hereby accepts the agency established by this Agreement and agrees
to perform the same upon the terms and conditions herein set forth and among other things, shall account promptly to the Company with respect to Warrants exercised and concurrently account for, and pay to the Company, all moneys received by the
Warrant Agent for the purchase of shares of the Company’s Common Stock through the exercise of Warrants.

          8.6      Waiver. The Warrant Agent hereby waives any and all right, or set-off of any and all title, interest or
claim of any kind (“Claim”) in or to any distribution of the Trust Account (as defined in that certain Investment Management Trust Agreement, to be entered into by and between the
Company and the Warrant Agent as trustee thereunder), and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the funds in the Trust Account for any reason whatsoever including, without limitation,
pursuant to Section 8.4.2.

     9.      Miscellaneous Provisions.

          9.1      Successors.
All the covenants and provisions of this Agreement by or for the
benefit of the Company or the Warrant Agent shall bind and inure to the benefit
of their respective successors and assigns.

          9.2      Notices. Any notice, statement or demand authorized by this Agreement to be given or made by the Warrant
Agent or by any Registered Holder to or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five days after deposit of such notice, postage
prepaid, addressed (until another address is filed in writing by the Company with the Warrant Agent), as follows:

16

Global Entertainment & Media Holdings Corporation 

1325 Avenue of the Americas 

New York, NY 10019 

Attn: Mark J. Piegza, President and Secretary 

with a copy in each case to:

Hughes Hubbard & Reed LLP 

One Battery Park Plaza 

New York, NY 10004

Attn: Kenneth A. Lefkowitz, Esq.

Any notice, statement or demand authorized by this Agreement to be given or made by any Registered Holder or by the Company to or on the Warrant Agent shall be sufficiently given when so delivered if by hand or overnight delivery
or if sent by certified mail or private courier service within five days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by the Warrant Agent with the Company), as follows:

 

          9.3      Applicable Law. The validity, interpretation, and performance of this Agreement and of the Warrants shall
be governed in all respects by the laws of the State of New York applicable to contracts formed and to be performed entirely within the State of New York, without giving effect to conflict of law provisions thereof to the extent such principles or
rules would require or permit the application of the laws of another jurisdiction. Each of the Company and the Warrant Agent hereby agrees that any action, proceeding or claim against it arising out of or relating in any way to this Agreement shall
be brought and enforced in the courts of the State of New York or the United States District Court for the Southern District of New York. The Company and the Warrant Agent hereby waive any objections to such non-exclusive jurisdiction and that such
courts represent an inconvenience forum. Any such process or summons to be served upon the Company or the Warrant Agent may be served by transmitting a copy thereof by registered or certified mail, return receipt requested, postage prepaid,
addressed to it at the address set forth in Section 9.2 hereof. Such mailing shall be deemed personal service and shall be legal and binding upon the Company or the Warrant Agent in any action, proceeding or claim; provided, that, such service shall
not preclude any other manner of service permitted by law.

          9.4      Amendment. This Agreement and the Warrant Certificate issued hereunder may be amended by the parties
hereto without the consent of any Registered Holder or any underwriter for the purpose of curing any ambiguity, or curing, correcting or supplementing any defective provision contained herein or adding or changing any other provisions with respect
to matters or questions arising under this Agreement as the parties may deem necessary or desirable and that the parties deem shall not adversely affect the interest of the Registered Holders. All other modifications or amendments, including any
amendment to increase the 

17

Exercise Price or shorten the Exercise Period, shall require the written consent of the Registered Holders of a majority of the then outstanding Warrants and no modification or amendment shall affect the Initial Warrants, the
Public Warrants or the Private Placement Warrants differently from one another. Notwithstanding the foregoing, the Company may lower the Exercise Price or extend the duration of the Exercise Period in accordance with Sections 3.1 and 3.2 hereof,
without such consent.

          9.5      Persons Having Rights under this Agreement. Nothing in this Agreement expressed and nothing that may be
implied from any of the provisions hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than the parties hereto and the Registered Holders and, for the purposes of Sections 6.4 and 7.4 hereof, the
underwriters, any right, remedy, or claim under or by reason of this Agreement or of any covenant, condition, stipulation, promise, or agreement hereof. The underwriters shall be deemed to be third-party beneficiaries of this Agreement with respect
to Sections 6.4 and 7.4 hereof. All covenants, conditions, stipulations, promises, and agreements contained in this Agreement shall be for the sole and exclusive benefit of the parties hereto (and the underwriters with respect to Sections 6.4 and
7.4 hereof) and their successors and assigns and of the Registered Holders of the Warrants.

          9.6      Examination of the Agreement. A copy of this Agreement shall be available at all reasonable times at the
office of the Warrant Agent in the Borough of Manhattan, City and State of New York, for inspection by the Registered Holder of any Warrant. The Warrant Agent may require any such holder to submit his Warrant for inspection by it.

          9.7      Counterparts. This Agreement may be executed in any number of counterparts and each of such counterparts
shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

          9.8      Effect of Headings. The Section headings herein are for convenience only and are not part of this
Agreement and shall not affect the interpretation thereof.

[Remainder of page intentionally left blank]

18

     IN WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year first above written. 

			
	
Attest:		 		
GLOBAL ENTERTAINMENT & MEDIA HOLDINGS	
	 		 		
      CORPORATION	
	 	
	 		 		
By:		 	 
	 		 		
              	Name: Mark J. Piegza
	 		 		
              	Title: President and Secretary
	 	
	
Attest:		 		 	
	 	
	 		 		
By:		 	 
	 		 		
            	Name:	 
	 		 		
            	Title:	 

 

19

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