Document:

Exhibit 10.9 

ALTERNATIVE ASSET MANAGEMENT ACQUISITION
CORP. 

AMENDED AND RESTATED
SPONSORS’ WARRANTS SECURITIES PURCHASE AGREEMENT 

        THIS
AMENDED AND RESTATED SPONSORS’ WARRANTS SECURITIES PURCHASE AGREEMENT (as it may from
time to time be amended and including all exhibits referenced herein, this “Agreement”),
dated as of July 6, 2007, is entered into by and among Alternative Asset Management  Acquisition
Corp, a Delaware corporation (the “Company”) and the purchasers listed in Schedule A
hereto (each a “Purchaser” and collectively, the “Purchasers”).  

        WHEREAS,
 the  Company  and the  Purchasers  hereby  wish to amend  and  restate  the  Sponsors’  Warrants
Securities Purchase Agreement dated as of March 23, 2007; 

        WHEREAS,
the Company has filed a registration statement on Form S-1 with the Securities and
Exchange Commission (the “Registration Statement”) in connection with the proposed
initial public offering of the Company’s units (the “Initial Public Offering”),
each unit consisting of one share of the Company’s common stock, par value $0.0001 per
share (a “Share”), and one warrant to purchase one Share at an exercise price of $7.50
per Share;  

        WHEREAS,
concurrently with the sale of units in the Initial Public Offering, the Company
desires to issue and sell and the Purchasers desire to purchase, in the
respective amounts set forth opposite each Purchaser’s name on Schedule A hereto
and upon the terms and conditions set forth in this Agreement, an aggregate of 4,625,000
warrants (the “Sponsors’ Warrants”), each Sponsors’ Warrant entitling the holder to
purchase one Share at an exercise price of $7.50 per Share.  

        WHEREAS,
pursuant to the terms of the Warrant Agreement to be entered into by the
Company and Continental Stock Transfer & Trust Company, as Warrant Agent, on
or prior to the effective date of the Registration Statement substantially in the
form attached as Exhibit A hereto (the “Warrant Agreement”), upon issuance, the
Sponsors’ Warrants will be deposited with Continental Stock Transfer & Trust Company,
as escrow agent (the “Escrow Agent”) under the Escrow Agreement to be entered into by
the Initial Stockholders (as defined therein) and the Company on or prior to the
effective date of the Registration Statement, substantially in the form attached as
Exhibit B hereto (the “Escrow Agreement”) until the Transfer Restriction Termination Date.  

        NOW
THEREFORE,  in  consideration  of the mutual  promises  contained in this Agreement and
other good and valuable  consideration,  the  receipt  and  sufficiency  of which are
 hereby  acknowledged,  the  parties to this Agreement hereby, intending legally to be
bound, agree as follows: 

AGREEMENT 

Section 1.
Authorization, Purchase and Sale; Terms of the Sponsors’ Warrants. 

        A.
Authorization of the Sponsors’  Warrants.  The Company has duly authorized the issuance
and sale to the Purchasers of the Sponsors’ Warrants. 

        B.
Purchase and Sale of the Sponsors’ Warrants. Immediately prior to the closing of the
Initial Public Offering, or on such earlier date as may be established from time to
time by mutual agreement of the parties (in each case, the “Closing Date”), the
Company shall issue and sell to the Purchasers, and the Purchasers shall purchase
from the Company, the respective number of Sponsors’ Warrants set forth opposite each
Purchaser’s name on Schedule A hereto. The purchase price for each Sponsors’ Warrant
shall be $1.00 per warrant, for an aggregate purchase price of $4,625,000 (the “Purchase
Price”), which shall be paid by wire transfer of immediately available funds to
the Company in accordance with the Company’s wiring instructions. On the Closing
Date, upon the payment by the Purchasers of the Purchase Price by wire transfer of
immediately available funds to the Company, the Company shall deliver
certificates evidencing the Sponsors’ Warrants to be purchased by the Purchasers  

 
	 	
-1-	 

hereunder,  registered in the
Purchasers’  respective names to the Escrow Agent for deposit pursuant to the Escrow
Agreement. 

        C.
Terms of the Sponsors’ Warrants. 

                        (i)
Each Sponsors’ Warrant shall have the terms set forth in the Warrant Agreement. 

                        (ii)
Transfer  Restrictions:  In addition to the  restrictions on transfer set forth in
Section 9 hereof,  each of the Purchasers  acknowledges that the Sponsors’  Warrants and
the Shares issuable upon exercise of the  Sponsors’  Warrants  are  subject to the
 restrictions  on  transfer  and  exercise  set forth in the  Warrant Agreement  and will
be  deposited  with the Escrow  Agent  pursuant  to the  Escrow  Agreement  until the
 Transfer Restriction Termination Date. 

                        (iii)
Registration Rights: In connection with the closing of the Initial Public Offering,
the Company and the Purchasers shall enter into an agreement (the “Registration
Rights Agreement”) granting the Purchasers registration rights with respect to
Sponsors’ Warrants and the Shares underlying the Sponsors’Warrants.  

Section 2.
Representations and Warranties of the Company. 

        As
a material  inducement  to the  Purchasers  to enter into this  Agreement  and purchase
 the  Sponsors’Warrants,  the Company  hereby  represents  and warrants to the Purchasers
 (which  representations  and warranties shall survive the Closing Date) that: 

        A.
 Organization and Corporate  Power.  The Company is a corporation duly organized,
 validly existing and in good standing under the laws of the State of Delaware and is
qualified to do business in every  jurisdiction  in which the failure to so qualify
 would  reasonably be expected to have a material  adverse  effect on the financial
condition,  operating  results or assets of the Company.  The Company  possesses all
requisite  corporate power and authority necessary to carry out the transactions
contemplated by this Agreement and the Warrant Agreement. 

        B.
Authorization; No Breach. 

                        (i)
The execution,  delivery and  performance of this  Agreement,  the Warrant  Agreement and
the Sponsors’  Warrants have been duly  authorized by the Company as of the Closing Date.
 This  Agreement  constitutes the valid and binding  obligation of the Company,
 enforceable in accordance with its terms. The Warrant Agreement, and upon  issuance in
 accordance  with,  and payment  pursuant  to, the terms of the  Warrant  Agreement  and
this Agreement,  the  Sponsors’  Warrants,  constitute  valid and binding  obligations
 of the Company,  enforceable  in accordance with their respective terms as of the
Closing Date. 

                        (ii)
The execution and delivery by the Company of this Agreement,  the Warrant  Agreement and
the Sponsors’  Warrants,  the sale and issuance of the Sponsors’  Warrants,  the issuance
of the Shares of common stock upon exercise of the Sponsors’  Warrants and the
 fulfillment  of and compliance  with the respective  terms hereof and thereof by the
Company,  do not and will not as of the Closing Date (a) conflict  with or result in a
breach of the terms,  conditions or provisions of, (b)  constitute a default  under,  (c)
result in the creation of any lien, security  interest,  charge or  encumbrance  upon the
 Company’s  capital  stock or assets  under,  (d) result in a violation  of, or (e)
require any  authorization,  consent,  approval,  exemption  or other  action by or
notice or declaration  to, or filing  with,  any court or  administrative  or
 governmental  body or agency  pursuant  to the Certificate of Incorporation  of the
Company or the bylaws of the Company,  or any material law,  statute,  rule or regulation
to which the Company is subject,  or any  agreement,  order,  judgment or decree to which
the Company is subject, except for any filings required after the date hereof under
federal or state securities laws. 

        C.
Title to Securities.  Upon issuance in accordance  with, and payment  pursuant to, the
terms hereof and the Warrant  Agreement,  the Shares  issuable  upon  exercise of the
 Sponsors’  Warrants  will be duly and validly issued,  fully paid and nonassessable.
 Upon issuance in accordance with, and payment pursuant to, the terms hereof and the  

 
	 	
-2-	 

Warrant  Agreement,  the Purchasers
will have good title to the Sponsors’  Warrants and the Shares issuable upon exercise of
such Sponsors’  Warrants,  free and clear of all liens, claims and encumbrances of any
kind, other than (i)  transfer  restrictions  hereunder  and under the other  agreements
 contemplated  hereby,  (ii)  transfer restrictions  under federal and state securities
laws, and (iii) liens,  claims or encumbrances  imposed due to the actions of the
applicable Purchaser. 

        D.
Governmental  Consents. No permit,  consent,  approval or authorization of, or
declaration to or filing with, any  governmental  authority is required in connection
 with the execution,  delivery and  performance by the Company of this Agreement or the
Warrant  Agreement,  or the consummation by the Company of any other  transactions
contemplated hereby. 

Section 3.
Representations and Warranties of the Purchasers. 

        As
a material  inducement  to the Company to enter into this  Agreement  and issue and sell
the  Sponsors’Warrants to the  Purchasers,  the  Purchasers,  severally  and not
 jointly,  hereby  represent  and warrant to the Company (which representations and
warranties shall survive the Closing Date) that: 

        A.
Capacity and State Law  Compliance.  The  Purchaser  has the legal  capacity to execute
and perform the obligations  imposed on the Purchaser  hereunder.  The Purchaser has
engaged in the  transactions  contemplated  by this Agreement  within a state in which
the offer and sale of the Sponsors’  Warrants is permitted under applicable securities
laws. The Purchaser  understands and  acknowledges  that the purchase of Shares upon the
exercise of the Sponsors’  Warrants will require the  availability  of an exemption  from
 registration  under federal and/or state securities  laws and that any sale of such
Shares shall require  registration  or the  availability of an exemption from
registration under federal and/or state securities laws. 

        B.
Authorization; No Breach. 

                        (i)
This Agreement  constitutes a valid and binding  obligation of the Purchaser,
 enforceable in accordance with its terms, subject to bankruptcy,  insolvency,
 fraudulent conveyance,  reorganization,  moratorium and other laws of  general
 applicability  relating  to or  affecting  creditors’  rights and to general  equitable
principles (whether considered in a proceeding in equity or law). 

                        (ii)
The  execution and delivery by the Purchaser of this  Agreement and the  fulfillment  of
and compliance  with the  respective  terms  hereof by the  Purchaser  does not and shall
 not as of the  Closing  Date conflict with or result in a breach of the terms,
 conditions or provisions of the organizational  documents of the Purchaser or any other
agreement, instrument, order, judgment or decree to which the Purchaser is subject. 

        C.
Investment Representations. 

                        (i)
The Purchaser is acquiring the Sponsors’ Warrants and, upon exercise of the
Sponsors’Warrants, the Shares issuable upon such exercise (collectively, the “Securities”)
for its own account, for investment purposes only and not with a view towards, or
for resale in connection with, any public sale or distribution thereof.  

                        (ii)
The  Purchaser  is an  “accredited  investor”  as such term is defined in Rule  501(a)(3)
of Regulation D. 

                        (iii)
The Purchaser  understands  that the Securities are being offered and will be sold to it
in reliance  on  specific  exemptions  from the  registration  requirements  of the
United  States  federal  and state securities  laws and that the Company is relying  upon
the truth and accuracy  of, and the  Purchaser’s  compliance with,  the  representations
 and  warranties  of the  Purchasers  set  forth  herein  in  order  to  determine  the
availability of such exemptions and the eligibility of the Purchaser to acquire such
Securities. 

 
	 	
-3-	 

                        (iv)
The 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)
under the Securities Act of 1933, as amended (the “Securities Act”).  

                        (v)
The Purchaser has been  furnished with all materials  relating to the business,  finances
and operations  of the  Company  and  materials  relating  to the  offer  and sale of the
 Securities  which  have been requested by such  Purchaser.  The Purchaser has been
 afforded the  opportunity  to ask questions of the executive officers and directors of
the Company.  The Purchaser  understands that its investment in the Securities involves a
high  degree of risk.  The  Purchaser  has  sought  such  accounting,  legal and tax
advice as such  Purchaser  has considered  necessary to make an informed investment
 decision with respect to such Purchaser’s  acquisition of the Securities. 

                        (vi)
The  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 Securities or the fairness or suitability of the investment in the
Securities by the Purchaser nor have such  authorities  passed upon or endorsed the
merits of the offering of the Securities. 

                        (vii)
 The  Purchaser  understands  that:  (a) the  Securities  have not  been and are not
 being registered under the Securities Act or any state  securities laws, and may not be
offered for sale, sold,  assigned or transferred  unless (1) subsequently  registered
 thereunder or (2) sold in reliance on an exemption  therefrom; and (b) except as
specifically set forth in the Registration  Rights  Agreement,  neither the Company nor
any other person is under any obligation to register the Securities  under the
 Securities Act or any state  securities  laws or to comply with the terms and conditions
of any exemption  thereunder.  In this regard, the Purchaser understands that the
 Securities  and Exchange  Commission has taken the position that promoters or affiliates
of a blank check company  and their  transferees,  both  before and after a Business
 Combination,  are deemed to be  “underwriters”under the Securities Act when reselling
the securities of a blank check company.  Based on that position,  Rule 144 adopted
 pursuant to the Securities Act would not be available for resale  transactions  of the
Securities  despite technical  compliance  with the  requirements  of such  Rule,  and
the  Securities  can be  resold  only  through a registered  offering or in reliance upon
another  exemption from the  registration  requirements  of the Securities Act. The
Purchaser is able to bear the economic risk of its investment in the  Securities for an
indefinite  period of time. 

                        (viii)
The Purchaser has such knowledge and experience in financial and business  matters,
 knows of the high degree of risk  associated  with  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 Securities and is able to bear the economic risk
of an investment in the Securities in the amount  contemplated  hereunder.  The Purchaser
has adequate  means of providing  for it or his/her  current  financial  needs and
 contingencies  and will have no current or anticipated  future needs for liquidity
 which would be jeopardized by the investment in the Securities. The Purchaser can afford
a complete loss of its or his investment in the Securities. 

        D.
 Waiver of Claims.  Each  Purchaser  hereby  waives any and all rights to assert any
 present or future claims,  including  any right of  rescission,  against the Company
with  respect to its  purchase of the  Sponsors’Warrants,  and each  Purchaser  agrees to
 indemnify  and hold the Company  harmless  from all  losses,  damages or expenses  that
 relate to claims or  proceedings  brought  against the Company by the  Purchaser  of the
 Sponsors’Warrants or its transferees, assigns or any subsequent holders of the Sponsors’ Warrants. 

Section 4. Conditions
of the Purchasers’ Obligations. 

        The
 obligation  of each  Purchaser  to  purchase  and pay for the  Sponsors’  Warrants  is
subject to the fulfillment, on or before the Closing Date, of each of the following
conditions: 

        A.
 Representations  and  Warranties.  The  representations  and  warranties  of the Company
 contained in Section 2 shall be true and correct at and as of the Closing Date as though
then made. 

 
	 	
-4-	 

        B.
 Performance.  The Company  shall have  performed  and complied with all  agreements,
 obligations  and conditions  contained in this  Agreement  that are required to be
performed or complied with by it on or before the Closing Date. 

        C.
 No  Injunction.  No  litigation,  statute,  rule,  regulation,  executive  order,
 decree,  ruling  or injunction shall have been enacted,  entered,  promulgated or
endorsed by or in any court or governmental authority of competent  jurisdiction  or any
 self-regulatory  organization  having  authority over the matters  contemplated hereby,
 which prohibits the consummation of any of the transactions  contemplated by this
Agreement or the Warrant Agreement. 

Section 5. Conditions
of the Company’s Obligations. 

        The
obligations of the Company to each Purchaser under this Agreement are subject to the
 fulfillment,  on or before the Closing Date, of each of the following conditions: 

        A.
 Representations  and Warranties.  The  representations  and warranties of such Purchaser
 contained in Section 3 shall be true and correct at and as of the Closing Date as though
then made. 

        B.
 Performance.  Such Purchaser  shall have performed and complied with all  agreements,
 obligations and conditions  contained in this  Agreement  that are required to be
performed or complied with by the Purchaser on or before the Closing Date. 

        C.
Corporate Consents.  The Company shall have obtained the consent of its Board of
Directors  authorizing the execution,  delivery and  performance of this Agreement and
the Warrant  Agreement and the issuance and sale of the Sponsors’ Warrants hereunder. 

        D.
 No  Injunction.  No  litigation,  statute,  rule,  regulation,  executive  order,
 decree,  ruling  or injunction shall have been enacted,  entered,  promulgated or
endorsed by or in any court or governmental authority of competent  jurisdiction  or any
 self-regulatory  organization  having  authority over the matters  contemplated hereby,
 which prohibits the consummation of any of the transactions  contemplated by this
Agreement or the Warrant Agreement. 

Section 6. Termination. 

        This
 Agreement  may be  terminated  at any  time  prior to the  Closing  Date as it  relates
 only to the Securities  to be purchased  pursuant to this  Agreement  on and after such
 Closing  Date upon the mutual  written consent of the Company and the Purchasers. 

Section 7. Survival of
Representations and Warranties. 

        All
of the representations and warranties contained herein shall survive the Closing Date. 

Section 8. Definitions. 

        Terms
used but not otherwise  defined in this Agreement  shall have the meaning  assigned to
such terms in the Registration Statement. 

Section 9.
Miscellaneous. 

        A.
Legends. 

                        (i)
The  certificates  evidencing  the Sponsors’  Warrants and Shares issued upon exercise of
any Sponsors’ Warrants will include the legend set forth in Exhibit B to the Warrant
Agreement. 

 
	 	
-5-	 

                        (ii)
By accepting the certificates  bearing the aforesaid legend,  each of the Purchasers
agrees, prior to any permitted  transfer of the Securities,  to give written notice to
the Company expressing its desire to effect such transfer and describing  briefly the
proposed  transfer.  Upon receiving such notice, the Company shall present copies thereof
to its counsel and the each of the Purchasers  agrees not to make any  disposition of all
or any portion of the Securities unless and until: 

                                        (a)
there is then in effect a registration  statement  under the Securities Act covering such
proposed  disposition and such disposition is made in accordance with such  registration
 statement,  in which case the  legends set forth above with  respect to the  Securities
 sold  pursuant to such  registration  statement shall be removed; or 

                                        (b)
if reasonably  requested by the Company,  (A) the Purchaser shall have furnished the
Company  with an opinion of  counsel,  reasonably  satisfactory  to the  Company,  that
such  disposition  will not require  registration  of such Securities  under the
Securities Act or applicable  state  securities  laws, (B) the Company shall have
received customary  representations and warranties  regarding the transferee that are
reasonably satisfactory  to the  Company  signed by the  proposed  transferee  and (C)
the  Company  shall  have  received  an agreement  by  such  transferee  to  the
 restrictions  contained  in  the  legends  referred  to  in  (i)  hereof.
Notwithstanding  the foregoing,  each of the Purchasers  also  understands and
 acknowledges  that the transfer and exercise,  as the case may be, of the Sponsors’ Warrants
is subject to the specific  conditions to such transfer or exercise as outlined herein
and the Warrant Agreement,  as to which each of the Purchasers  specifically assents by
its execution hereof. 

                        (iii)
The  Company  may,  from time to time,  make stop  transfer  notations  in its  records
and deliver  stop  transfer  instructions  to its  transfer  agent to the extent its
counsel  considers it necessary to ensure  compliance  with  applicable  federal and
state  securities  laws and the transfer  restrictions  contained elsewhere in this
Agreement and the Warrant Agreement. 

        B.
Successors and Assigns.  Except as otherwise  expressly  provided herein,  all covenants
and agreements contained  in this  Agreement  by or on behalf of any of the parties
 hereto shall bind and inure to the benefit of the  respective  successors of the parties
 hereto  whether so expressed or not.  Notwithstanding  the foregoing or anything  to the
 contrary  herein,  the  parties  may not assign this  Agreement,  other than
 assignments  by the Purchasers to Permitted Transferees, as that term is defined in the
Warrant Agreement. 

        C.
Severability.  Whenever possible,  each provision of this Agreement shall be interpreted
in such manner as to be  effective  and  valid  under  applicable  law,  but if any
 provision  of  this  Agreement  is held to be prohibited by or invalid under  applicable
 law, such  provision  shall be  ineffective  only to the extent of such prohibition or
invalidity, without invalidating the remainder of this Agreement. 

        D.
 Counterparts.  This  Agreement may be executed  simultaneously  in two or more
 counterparts,  none of which  need  contain  the  signatures  of more than one  party,
 but all such  counterparts  taken  together  shall constitute one and the same agreement. 

        E.
 Descriptive  Headings;  Interpretation.  The  descriptive  headings of this Agreement
are inserted for convenience  only and do not constitute a substantive  part of this
Agreement.  The use of the word  “including” in this Agreement shall be by way of example
rather than by limitation. 

        F.
 Governing  Law.  This  Agreement  shall be deemed to be a contract made under the laws
of the State of New York and for all purposes  shall be construed in  accordance  with
the internal  laws of the State of New York. The parties  agree that,  all actions and
 proceedings  arising out of this  Agreement  or any of the  transactions contemplated
 hereby,  shall be brought in the United States  District Court for the Southern
 District of New York or in a New York  State  Court in the  County  of New  York  and
 that,  in  connection  with  any such  action  or proceeding,  submit to the
jurisdiction  of, and venue in, such court.  Each of the parties hereto also irrevocably
waives all right to trial by jury in any action,  proceeding  or  counterclaim  arising
out of,  connected  with or relating to this Agreement or the transactions contemplated
hereby. 

 
	 	
-6-	 

        G.
Notices.  All notices,  demands or other  communications to be given or delivered under
or by reason of the  provisions  of this  Agreement  shall be in  writing  and shall be
deemed to have been  given  when  delivered personally to the recipient,  sent to the
recipient by reputable overnight courier service (charges prepaid),  sent to the
 recipient by facsimile,  provided the  recipient  confirms  recipient of such
 facsimile,  or mailed to the recipient by certified or registered  mail,  return receipt
 requested and postage prepaid.  Such notices,  demands and other communications shall be
sent: 

	  	
If
to the Company: 

	  	
Alternative Asset Management
Acquisition Corp.      

          590 Madison Avenue        

        35th Floor     

           New York, New
York 10022     

           Facsimile:  [______________] 

	  	
With
a copy to:       
   Akin Gump Strauss Hauer & Feld LLP     
     590 Madison Avenue
       
  New York, New York 10022     
     Attn: Bruce Mendelsohn, Esq.

         Facsimile: (212) 872-1002 

	  	
If
to a Purchaser,  to the address set below such  Purchaser’s  name on the signature pages
hereto,  or to          such other  address or to the  attention of such other  person as
such  Purchaser  has  specified by prior          written notice to the sending party. 

        H.
No Strict  Construction.  The parties hereto have participated  jointly in the
negotiation and drafting of this Agreement.  In the event an ambiguity or question of
intent or interpretation  arises, this Agreement shall be  construed  as if drafted
 jointly by the  parties  hereto,  and no  presumption  or burden of proof shall arise
favoring or disfavoring any party by virtue of the authorship of any of the provisions of
this Agreement. 

[SIGNATURE PAGES
FOLLOW] 

 
	 	
-7-	 

        IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above. 

	  	COMPANY:
	 	 	 
	 	Alternative Asset Management  Acquisition Corp.
	 	 	 
	 	By:	 /s/ Mark Klein
      

    
	 	Name: 	Mark Klein
	 	Title:
      	Chief Executive Officer
	 	 	 
	 	PURCHASERS:
	 	 	 
	 	 	Hanover Overseas Limited
	 	 	 
	 	By:	/s/ Lisabeth Style
      

    
	 	Name:	Lisabeth Style
	 	Title:
      	Director
	 	 	 
	 	Mailing Address:
	 	 	 
	 	
      
      

      

      

    
	 	 	 
	 	STC Investment Holdings LLC
	 	 	 
	 	By:	/s/ Michael Levitt
      

    
	 	Name:	Michael Levitt
	 	Title:
      	Authorized Representative
	 	 	 
	 	Mailing Address:
	 	 	 
	 	
      
      

      

      

    
	 	 	 
	 	Solar Capital, LLC
	 	 	 
	 	By:	/s/ Michael Gross
      

    
	 	Name: 	Michael Gross
	 	Title:
      	Chief Executive Officer
    
	 	 	 
	 	 	 
	 	Mailing Address:
	 	 	 
	 	
      
      

      

      

    

 
	 	
Signature
Page to Alternative Asset Management Acquisition Corp. Securities Purchase Agreement 

      8	 

	  	Jakal Investments, LLC
	 	 	 
	 	By:	/s/ Paul D. Lapping
      

    
	 	Name:	Paul D. Lapping
	 	Title:
      	Manager
    
	 	 	 
	 	Mailing Address:
	 	

      
      

      

      

    
	 	 	 
	 	 	 
	 	/s/ Steven A. Shenfeld
      

    
	 	Steven A. Shenfeld
	 	 	 
	 	Mailing Address:
	 	
      

      
      

      

      

    
	 	 	 
	 	/s/ Mark D. Klein
      

    
	 	Mark D. Klein
	 	 	 
	 	Mailing Address:
	 	

                                                                       

      
      

      

      

    

 
	 	
Signature
Page to Alternative Asset Management Acquisition Corp.  Securities Purchase Agreement 

      9	 

Schedule A 

	Purchaser:
      

    	Sponsors’ Warrants 

      Purchased:
      

    	Purchase Price of 

      Sponsors’ Warrants:
      

    
	Hanover Overseas Limited	1,067,250	 	 $1,067,250	 
	 	 	 	 	 
	STC Investment Holdings LLC	1,423,000	 	 $1,423,000	 
	 	 	 	 	 
	Solar Capital, LLC	712,000	 	   $712,000	 
	 	 	 	 	 
	Jakal Investments, LLC	712,000	 	   $712,000	 
	 	 	 	 	 
	Steven A. Shenfeld	355,000	 	   $355,000	 
	 	 	 	 	 
	Mark D. Klein	355,750	 	   $355,750	 
	 	
      

    	 	
      

    	 
	                      Total	4,625,000	 	 $4,625,000	 

 
	 	
Schedule
A
10 	 

Exhibit A 

FORM OF WARRANT
AGREEMENT 

(Attached) 

 
	 	
Exhibit A 
 11 	 

Exhibit B 

FORM OF ESCROW AGREEMENT 

(Attached) 

 
	 	
Exhibit B 
 12Exhibit 10.11 

Right of First Review
Agreement for Alternative Asset Management Acquisition Corp. 

___________, 2007  

Alternative Asset Management Acquisition Corp. 
590
Madison Avenue 
35th Floor
 New York, New York  10022 

        Re:
Initial Public Offering of Alternative Asset Management  Acquisition Corp. 

Ladies and Gentlemen: 

        This
 letter  is  being   delivered  to  you  in  accordance  with  the Underwriting
 Agreement  (the  “Underwriting  Agreement”)  entered  into  by and between Alternative Asset Management
 Acquisition Corp., a Delaware  corporation (the “Company”), and Citigroup Global Markets
Inc., as representative  of the underwriters  named therein  (the  “Underwriters”),
 relating  to  an  underwritten  initial  public offering (the “IPO”) of the Company’s
units (the “Units”), each Unit composed of one share of the  Company’s  common  stock,
 par value  $0.0001  per share  (the “Common Stock”),  and one warrant,  which is
exercisable for one share of Common Stock (the  “Warrants”).  Certain  capitalized  terms
used herein are defined in paragraph 3 hereof. 

        In
order to induce the Company and the  Underwriters  to enter into the Underwriting
 Agreement  and to  proceed  with  the IPO and for  other  good and valuable
 consideration,  the  receipt  and  sufficiency  of  which  are  hereby acknowledged, the
undersigned hereby agree with the Company as follows: 

        1.
 The  undersigned   agree  that  from  the  effective  date  of  the Registration
 Statement on Form S-1 filed by the Company in connection  with the IPO (the
“Registration  Statement”) until the earlier of (i) the consummation of an Initial
Business Combination or (ii) 24 months from the effective date of the Registration
 Statement,  the Company  shall have the right of first review (the “Right of First
Review”) with respect to business  combination  opportunities of the undersigned and
companies or other entities which the undersigned  manage or control in the alternative
asset management sector or a related business with an enterprise  value of $155 million
or more. The undersigned will first offer, and will cause such companies or other
entities under their management or control to first offer (subject to any fiduciary
 obligations the undersigned or members of management  or  members of the board of
 directors  of such  companies  or other entities may have),  any such business
 combination  opportunity to the Company. The  undersigned  will not,  and will cause
each  company or other  entity under their management or control not to, pursue such
business combination opportunity unless and until the  independent  directors of the
Company’s board of directors has determined for any reason that the Company will not
pursue such opportunity. 

        2.
 Each of the  undersigned  has the full  right  and  power,  without violating  any
 agreement by which he or it is bound,  to enter into this letter agreement. 

        3.
As used herein,  (i) “Initial Business  Combination”  shall mean the acquisition through
a merger, capital stock exchange,  asset acquisition,  stock purchase,  reorganization or
other similar business combination,  of one or more businesses  or assets in  connection
 with which the Company will require that a majority  of the shares of Common  Stock
 voted by the Public  Stockholders  are voted in favor of such acquisition and Public
 Stockholders owning less than 30% of the IPO Shares exercise their conversion rights;
(ii) “IPO Shares” shall mean the shares of Common  Stock  underlying  the Units  issued
in the IPO; and (iii) “Public Stockholders” shall mean purchasers of Common Stock in the
IPO or in the secondary market,  including any of the Company’s officers or directors or
their 

 
	 	
1	 

affiliates,  including  the
 undersigned,  to the extent  that they  purchase or acquire Common Stock in the IPO or
the secondary market. 

        4.
 Each of the  undersigned  acknowledges  and  understands  that  the Company and the
Underwriters will rely upon the agreements,  representations and warranties set forth
herein in proceeding with the IPO. Nothing contained herein shall be deemed to render the
Underwriters a  representative  of, or a fiduciary with respect to, the Company, its
stockholders, or any creditor or vendor of the Company with respect to the subject matter
hereof. 

        5.
This letter  agreement shall be binding on the undersigned and their successors and
assigns.  This letter agreement shall terminate on the earlier of (i) the consummation of
an Initial Business  Combination and (ii) 24 months from the effective date of the
Registration Statement; provided that such termination shall not relieve the  undersigned
 from liability for any breach of this letter agreement prior to its termination. 

        6.
This  letter  agreement  shall be governed  by and  interpreted  and construed in
 accordance  with the laws of the State of New York  applicable  to contracts  formed
 and to be  performed  entirely  within the State of New York, without  regard to the
 conflicts of law  provisions  thereof to the extent such principles  or rules  would
 require  or permit the  application  of the laws of another jurisdiction. 

        7.
No term  or  provision  of this  letter  agreement  may be  amended, changed,  waived,
 altered or modified except by written instrument executed and delivered by the party
against whom such amendment,  change, waiver,  alteration or modification is to be
enforced. 

[Signature Page
Follows] 

 
	 	
2	 

        IN
WITNESS WHEREOF,  the parties hereto have executed this agreement as of the date first
set forth above. 

	  	
      
      __________________________________

        Mark D. Klein

                                                                       

      __________________________________

        Paul D. Lapping

                                                                       

      Hanover Group US, LLC

                                                                       

      By: _______________________________

        Name:

                                                                       Title:

      

 

ACCEPTED AND AGREED: 

Alternative Asset Management Acquisition Corp. 

By: _______________________________

               Michael J. Levitt. Chairman

Signature Page to
Right of First Review Agreement 

 
	 	
3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00126-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00126-of-00352.parquet"}]]