Document:

Exhibit 10.17

                                                              February ___, 2007

Churchill Ventures Ltd.
50 Revolutionary Road
Scarborough, New York 10510

Banc of America Securities LLC
9 West 57th Street
New York, NY  10019

     Re:  INITIAL PUBLIC OFFERING

Gentlemen:

     The  undersigned  stockholder  and director of Churchill  Ventures  Ltd., a
Delaware  corporation  (the  "COMPANY"),  in  consideration  of Banc of  America
Securities  LLC  ("BOFA")  entering  into a letter of  intent  (the  "LETTER  OF
INTENT") to underwrite an initial  public  offering (the "IPO") of the Company's
units (the "UNITS"),  each composed of one share of the Company's  common stock,
par  value  $.001 per share  (the  "COMMON  STOCK"),  and one  warrant  which is
exercisable for one share of Common Stock (a "WARRANT") and embarking on the IPO
process,  hereby agrees as follows  (certain  capitalized  terms used herein are
defined in paragraph 11 hereof):

     1.  If the  Company  solicits approval  of its  stockholders  of a Business
Combination, the undersigned will vote all his Insider Shares in accordance with
the majority of the votes cast by the holders of the IPO Shares. The undersigned
hereby  waives any and all rights to convert  his Insider  Shares in  connection
with  a  Business   Combination.   If  the  Company  solicits  approval  of  its
stockholders  for  dissolution  and  a  plan  of  distribution  of  assets,  the
undersigned  will vote all shares of common  stock owned by him in favor of such
plan.

     2.  In   the  event  that  the  Company  fails  to  consummate  a  Business
Combination  within (i) 18 months from the effective date ("EFFECTIVE  DATE") of
the registration statement relating to the IPO (the "REGISTRATION STATEMENT") or
(ii) 24 months after the  Effective  Date,  if a letter of intent,  agreement in
principle or  definitive  agreement has been executed with respect to a Business
Combination  within  18  months  after  the  Effective  Date,  but the  Business
Combination  has not been  consummated  within such 18 month period (the date of
the  first  such  failure  to  occur,  the  "TRANSACTION   FAILURE  DATE"),  the
undersigned  will take all  reasonable  actions  within  his or its power to (i)
cause the Trust Account to be liquidated  and  distributed to the holders of the
IPO Shares as soon as  practicable  and (ii) cause the Company to  dissolve  and
liquidate as soon as  practicable  (the earliest date on which the conditions in
clauses  (i) and (ii) are both  satisfied  being the  "LIQUIDATION  DATE").  The
undersigned  agrees,  (i)  if  the  Company  seeks  approval  of  the  Company's
stockholders to consummate a Business  Combination more than 18 months after the
date of the IPO,  the  undersigned  will  vote to  adopt  and  recommend  to the
Company's  stockholders  a plan of  distribution  to be  included  in the  proxy
statement related to the Business Combination and such proxy statement will seek
stockholder approval for dissolution and a plan of distribution in the event the
Company's  stockholders do not approve the

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Business Combination, and (ii) if no proxy statement seeking the approval of the
Company's  stockholders for a Business Combination has been filed more 18 months
after the date of the IPO (unless the date has been  extended),  the undersigned
shall vote to adopt and  recommend to the Company's  stockholders  the Company's
dissolution. The undersigned hereby waives any and all right, title, interest or
claim of any kind in or to any  distributions of the trust account with JPMorgan
Chase Bank, NA (the "TRUST  ACCOUNT"),  or to any other amounts  distributed  in
connection with a liquidating distribution of the Company including with respect
to his Insider Shares  ("CLAIM") and hereby waives any Claim the undersigned may
have in the  future  as a  result  of,  or  arising  out of,  any  contracts  or
agreements with the Company and will not seek recourse against the Trust Account
for any reason whatsoever.

     3.  The  undersigned acknowledges  and  agrees  that the  Company  will not
consummate any Business Combination which involves a company which is affiliated
with  any of the  Insiders  unless  the  Company  obtains  an  opinion  from  an
independent  investment  banking  firm  reasonably  acceptable  to BofA that the
business  combination  is fair to the  Company's  stockholders  from a financial
perspective.

     4.  Neither the  undersigned, any member of the family of the  undersigned,
nor any  Affiliate of the  undersigned  will be entitled to receive and will not
accept any  compensation  for  services  rendered  to the  Company  prior to the
consummation of the Business  Combination;  PROVIDED,  that until the earlier of
(i) the  completion  of the Business  Combination  and (ii)  dissolution  of the
Company,  Churchill  Capital Partners LLC, a Delaware limited  liability company
(the  "RELATED  PARTY"),  shall be  entitled  to a fee of $7,500 per  month,  to
compensate it for the Company's use of the Related  Party's  offices,  utilities
and personnel.  The Related Party and the undersigned  shall also be entitled to
reimbursement  from the Company  for their  out-of-pocket  expenses  incurred in
connection with seeking and  consummating a Business  Combination.  In addition,
the Related Party has advanced to the Company a loan of $240,000, which shall be
used to pay a portion of the  expenses  related to the IPO.  The loan is due and
payable  on the  consummation  of the IPO  and  will  be  repaid  out of the net
proceeds of the IPO not placed in the trust account.

     5.  Neither the undersigned,  any member of the family of the  undersigned,
nor any Affiliate of any of the  foregoing  will be entitled to receive and will
not  accept a finder's  fee or any other  compensation  from the  Company or any
other person or entity in the event the undersigned, any member of the family of
the  undersigned or any Affiliate of any of the foregoing  originates a Business
Combination.

     6.  The  undersigned agrees  that his  Insider  Shares  will be  subject to
restrictions  on sale or other  transfer until the earlier of one year following
the  date  of the  Business  Combination;  dissolution  of the  Company;  or the
consummation  of  a  liquidation,   merger,  stock  exchange  or  other  similar
transaction which results in all stockholders having the right to exchange their
shares of common stock for cash,  securities  or other  property  subsequent  to
consummating a Business Combination with a target business.

     7.  The undersigned  shall not, with respect to those Insider  Shares owned
directly or  indirectly  by him, (i) sell,  offer to sell,  contract or agree to
sell, hypothecate,  pledge, grant any

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option to purchase or otherwise  dispose of or agree to dispose of,  directly or
indirectly,  or file (or participate in the filing of) a registration  statement
with the  Securities  and  Exchange  Commission  in respect of, or  establish or
increase a put  equivalent  position or liquidate or decrease a call  equivalent
position  within the  meaning of Section 16 of the  Securities  Exchange  Act of
1934, as amended,  and the rules and  regulations of the Securities and Exchange
Commission promulgated thereunder with respect to, any shares of Common Stock or
any securities  convertible  into or exercisable or  exchangeable  for shares of
Common  Stock or other  rights to  purchase  shares of Common  Stock or any such
securities,  (ii) enter into any swap or other  arrangement  that  transfers  to
another,  in whole or in part, any of the economic  consequences of ownership of
shares of Common Stock or any  securities  convertible  into or  exercisable  or
exchangeable  for shares of Common Stock or other  rights to purchase  shares of
Common  Stock or any such  securities,  whether  any such  transaction  is to be
settled by delivery of shares of Common Stock or such other securities,  in cash
or otherwise,  or (iii) publicly announce an intention to effect any transaction
specified  in clause (i) or (ii) until with respect to his Insider  Shares,  one
year  following  the  consummation  of the Business  Combination  (the  "LOCK-UP
PERIOD").  Notwithstanding  the  foregoing,  the  undersigned  may  transfer his
Insider  Shares  during  the  Lock-Up  Period  (i) by  gift to a  member  of the
undersigned's  immediate  family or to a trust,  the  beneficiary  of which is a
member of an undersigned's  immediate family, an affiliate of the undersigned or
to a  charitable  organization,  (ii)  by  virtue  of the  laws of  descent  and
distribution  upon  death of the  undersigned,  (iii)  pursuant  to a  qualified
domestic  relations  order, or (iv) in the event of a liquidation of the Company
prior to a Business  Combination or the  consummation of a liquidation,  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 Common Stock for cash,  securities  or other  property
subsequent to the Company's  consummating a Business  Combination  with a target
business;  PROVIDED,  HOWEVER, that the permissive transfers pursuant to clauses
(i) - (iii) may be  implemented  only upon the respective  transferee's  written
agreement  to be bound by the terms and  conditions  of this  letter  agreement,
including  with  respect to the voting  requirements  pertaining  to the Insider
Shares.  During the Lock-Up Period,  the undersigned  shall not grant a security
interest in his Insider Shares.

     8.  The  undersigned   agrees  to  be  a  director  of  the  Company.   The
undersigned's  biographical  information  furnished  to the Company and BofA and
attached hereto as EXHIBIT A is true and accurate in all respects, does not omit
any  material  information  with  respect to the  undersigned's  background  and
contains all of the information required to be disclosed pursuant to Section 401
of  Regulation  S-K,   promulgated   under  the  Securities  Act  of  1933.  The
undersigned's  Questionnaire  furnished  to the  Company and BofA and annexed as
EXHIBIT  B  hereto  is  true  and  accurate  in all  respects.  The  undersigned
represents and warrants that:

         (a) he is  not  subject to or a  respondent  in any legal  action  for,
any  injunction,  cease-and-desist  order or order or  stipulation  to desist or
refrain from any act or practice  relating to the offering of  securities in any
jurisdiction;

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

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

     9.  The  undersigned  has full  right  and  power,  without  violating  any
agreement by which he is bound, to enter into this letter agreement and to serve
as a  director  of the  Company  except  that the  undersigned  is a partner  at
Invision,  a  private  equity  firm  ("INVISION").  The  undersigned  may have a
conflict of interest as his primary  fiduciary  obligation  is to Invision.  The
undersigned  will present  opportunities  first to Invision and will not present
such  opportunities  to the  Company  even if  Invision  does  not  pursue  such
opportunities.

     10. The  undersigned  authorizes any employer,  financial  institution,  or
consumer   credit   reporting   agency  to   release   to  BofA  and  its  legal
representatives  or agents (including any investigative  search firm retained by
BofA) any  information  they may have  about the  undersigned's  background  and
finances (the "INFORMATION"). Neither BofA nor its agents shall be violating the
undersigned's  right of privacy in any manner in  requesting  and  obtaining the
Information  and the  undersigned  hereby  releases them from  liability for any
damage whatsoever in that connection.

     11. As used  herein,  (i) a "BUSINESS  COMBINATION"  shall mean the initial
acquisition  or  concurrent  acquisitions,  as the case may be, by the  Company,
whether by merger, capital stock exchange,  stock purchase, asset acquisition or
other similar business combination,  of an operating business or businesses,  as
the case may be, in the  communications,  media or technology  industries;  (ii)
"INSIDERS"  shall mean all officers,  directors and  stockholders of the Company
immediately  prior to the IPO;  (iii)  "INSIDER  SHARES"  shall  mean all of the
shares of Common Stock of the Company owned by an Insider prior to the IPO; (iv)
"IPO SHARES" shall mean the shares of Common Stock issued in the Company's  IPO;
and (v) "SPONSOR  WARRANTS" shall mean warrants to purchase  5,000,000 shares of
Common Stock that shall be purchased by the Related  Party from the Company at a
price of $1.00 per warrant,  for a total of $5 million,  in a private  placement
prior to completion of the IPO.

     12. The undersigned acknowledges and understands that the Company 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.

     13.  This letter  agreement  shall be binding on the  undersigned  and such
person's respective  successors,  heirs,  personal  representatives and assigns.
This letter  agreement shall terminate on the earlier of (i) the consummation of
the Business  Combination  and (ii) the  Liquidation  Date;  PROVIDED  that such
termination  shall not relieve the undersigned  from liability for any breach of
this agreement prior to its termination.

     14.  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

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provisions  thereof to the extent  such  principles  or rules  would  require or
permit the application of the laws of another jurisdiction.

                            [SIGNATURE PAGE FOLLOWS]

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     The undersigned  hereby  executes this letter  agreement as of February___,
2007.

                                         ---------------------------------
                                         Gerhard Weisschadel

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                                                                       EXHIBIT A

GERHARD  WEISSCHADEL  has  served  as  a  director  since  our  inception.   Mr.
Weisschadel,  who  resides in  Switzerland,  has been a partner at  Invision,  a
private equity firm,  since 2005.  From 2000 until 2005, Mr.  Weisschadel  was a
Managing  Director of Veronis  Schuler  Stevenson,  a private  equity firm,  and
during that time served as Chief  Executive  Officer of  Mediatel  Holding  (YBR
Group),  a European  yellow pages firm.  From 1995 until 2000,  Mr.  Weisschadel
served as Chief  Executive  Officer  of  Deutsche  Telekom  Media and a Managing
Director of Deutsche Telekom AG.

                                       7Exhibit 10.19

                     SUPPLEMENTAL WARRANT PURCHASE AGREEMENT

     WARRANT PURCHASE AGREEMENT (this  "AGREEMENT"),  dated as of February ____,
2007,  is  entered  into  by and  among  Churchill  Ventures  Ltd.,  a  Delaware
corporation  (the  "COMPANY"),  and Churchill  Capital  Partners LLC, a Delaware
limited liability company ("SPONSOR").

                                    WHEREAS:

     A. The  Company  has  filed a  registration  statement  (the  "REGISTRATION
STATEMENT")  for the initial public offering (the "IPO") of units (the "UNITS"),
each unit consisting of one share of the Company's  Common Stock (a "SHARE") and
one four year  warrant  (the  "WARRANTS")  to purchase  one Share at an exercise
price of $6.00 per Share exercisable on the later of the Company's completion of
a business combination and one year from the date of the IPO.

     B. The Company and Sponsor are executing and  delivering  this Agreement in
reliance upon the exemption  from  securities  registration  afforded by Section
4(2) and by  Regulation D  ("REGULATION  D")  promulgated  by the United  States
Securities and Exchange Commission (the "SEC") under the Securities Act of 1933,
as amended (the "1933 Act"); and

     C.  Sponsor and the  Company  desire to enter into this  Agreement  whereby
Sponsor  will acquire  warrants to purchase  1,000,000  shares of the  Company's
Common Stock (each a "SPONSOR  WARRANT") for an aggregate  purchase price of One
Million Dollars  ($1,000,000) (the "SPONSOR  PURCHASE PRICE"),  each to purchase
one share of Common Stock (each a "WARRANT  SHARE") on the terms and  conditions
described herein.

     NOW THEREFORE, the Company and Sponsor hereby agree as follows:

     1.   PURCHASE AND SALE OF SPONSOR WARRANTS.

          (a)  PURCHASE  OF  SPONSOR  WARRANTS.  On the Closing Date (as defined
below),  the Company shall issue and sell to Sponsor and Sponsor shall  purchase
from the Company the Sponsor Warrants for the Sponsor Purchase Price.

          (b) FORM OF PAYMENT.  On the  Closing  Date (as  defined  below),  (i)
Sponsor shall pay the Sponsor  Purchase  Price for the Sponsor  Warrants by wire
transfer of immediately  available funds to the Company,  in accordance with the
Company's written wiring instructions, against delivery of the Sponsor Warrants,
and (ii) immediately  prior to the closing of the IPO, the Company shall deposit
the Sponsor Purchase Price into the trust account  described in the Registration
Statement (the "TRUST ACCOUNT").

          (c) CLOSING DATE.  Subject to the  satisfaction (or written waiver) of
the conditions  thereto set forth in Section 6 and Section 7 below, the date and
time of the issuance and sale of the Sponsor Warrants pursuant to this Agreement
(the "CLOSING DATE") shall be no later than 12:00 noon, Eastern Standard Time on
the date (the  "CLOSING  DATE")  that the Company  enters  into an  underwriting
agreement  with the  underwriter  for the IPO.  The closing of the

<PAGE>

transactions  contemplated by this Agreement (the "CLOSING")  shall occur on the
Closing Date at such location as may be agreed to by the parties.

     2.   SPONSOR REPRESENTATIONS AND WARRANTIES.

          (a)  Sponsor represents and warrants to the Company as follows:

               (i)  Sponsor  is  purchasing  the  Sponsor  Warrants  for its own
account and for investment purposes and not with the view towards distribution;

               (ii) Sponsor  acknowledges  that the  Sponsor  Warrants,  and the
Warrant Shares issued upon exercise of the Sponsor Warrants,  will bear a legend
in substantially the following form:

          THE SECURITIES  REPRESENTED BY THIS  CERTIFICATE
          HAVE BEEN  OFFERED AND SOLD IN RELIANCE  UPON AN
          EXEMPTION FROM THE REGISTRATION  REQUIREMENTS OF
          THE  SECURITIES  ACT  OF  1933  AS  AMENDED (THE
          "SECURITIES  ACT").  ACCORDINGLY, THE SECURITIES
          REPRESENTED BY THIS  CERTIFICATE  HAVE  NOT BEEN
          REGISTERED  UNDER THE SECURITIES ACT AND MAY NOT
          BE  TRANSFERRED   OTHER   THAN  PURSUANT  TO  AN
          AVAILABLE  EXEMPTION FROM REGISTRATION UNDER THE
          SECURITIES ACT, THE  AVAILABILITY OF WHICH IS TO
          BE  ESTABLISHED  TO   THE  SATISFACTION  OF  THE
          COMPANY.

               (iii) Sponsor  understands  that the Sponsor  Warrants  are being
offered and sold to it in reliance on specific  exemptions from the registration
requirements  of  Federal  and State  securities  laws and that the  Company  is
relying  upon the truth and  accuracy  of the  representations,  warranties  and
agreement herein in order to determine the  applicability of such exemptions and
the suitability of Sponsor to acquire the Sponsor Warrants;

               (iv) Sponsor   acknowledges  that,  in  making  the  decision  to
purchase  the  Sponsor  Warrants,  Sponsor has relied  solely  upon  independent
investigations made by it and materials provided by the Company and not upon any
separate  representations made by the Company with respect to the Company or the
Sponsor Warrants;

               (v)  Sponsor has had a reasonable opportunity to ask questions of
and receive  answers from the Company  concerning  the Company and this offering
and all such questions,  if any, have been answered to the full  satisfaction of
Sponsor;

               (vi) Sponsor has such  knowledge  and  expertise in financial and
business  matters that the  undersigned  is capable of evaluating the merits and
risks involved in an investment in the Sponsor Warrants; and

<PAGE>

               (vii) Each of Sponsor  and its  equity  holders is an  accredited
investor as such term is defined in Rule 501 of Regulation D.

          (b)  NO GOVERNMENT  RECOMMENDATION  OR APPROVAL.  Sponsor  understands
that no Federal or State  agency  has  passed on or made any  recommendation  or
endorsement of the Sponsor Warrants.

          (c)  STATUS OF SPONSOR WARRANTS. Sponsor acknowledges that:

               (i)  The  Sponsor  Warrants  will  be  subject  to a  lock-up  as
referred  to  in  the  Registration   Statement.   Subject  to  certain  limited
exceptions,  the Sponsor Warrants are not transferable  until the closing of the
initial business combination as described in the Registration Statement.

               (ii) In the event  that the  Company  distributes  to its  public
shareholders  the amount in the trust  account as described in the  Registration
Statement  pursuant to the  dissolution  of the  Company,  Sponsor will lose its
entire  investment  as  Sponsor  shall  have no  right  to  participate  in such
distribution.

               (iii) In the event that a Registration  Statement with respect to
the Shares underlying the Warrants,  including the Warrant Shares underlying the
Sponsor  Warrants,  is not  effective  under  the  Securities  Act or a  current
Prospectus  is not on file with the SEC,  the  Sponsor  shall not be entitled to
exercise the Sponsor Warrants. For the avoidance of doubt, the Sponsor shall not
be entitled to exercise the Sponsor Warrants,  unless the Warrants are currently
exercisable.

     3.   REPRESENTATIONS AND WARRANTIES OF THE COMPANY.  The Company represents
and warrants to Sponsor that:

          (a)  The  execution,  delivery and  performance  of this Agreement has
been or will be duly and validly  authorized  by the Company and will be a valid
and  binding  agreement  of the  Company,  enforceable  in  accordance  with its
respective terms, except to the extent that (i) the enforceability hereof may be
limited by bankruptcy,  insolvency,  reorganization,  moratorium or similar laws
from time to time in effect and  affecting  the rights of  creditors  generally,
(ii) the  enforceability  hereof is subject to general  principles  of equity or
(iii)  the  indemnification  provisions  hereof  may be held to  violate  public
policy. The securities to be issued pursuant to the transactions contemplated by
this  Agreement  have been duly  authorized  and,  when  issued  and paid for in
accordance  with  (x)  this  Agreement  and  (y)  the   certificates/instruments
representing  such  securities,  will be valid and  binding  obligations  of the
Company,  enforceable in accordance with their respective  terms,  except to the
extent  that  (i) the  enforceability  thereof  may be  limited  by  bankruptcy,
insolvency,  reorganization,  moratorium  or  similar  laws from time to time in
effect and affecting the rights of creditors generally,  (ii) the enforceability
thereof is subject to general principles of equity, or (iii) the indemnification
provisions  thereof may be held to violate public policy.  All corporate  action
required  to be taken for the  authorization,  issuance  and sale of the Sponsor
Warrants has been duly and validly taken by the Company.

<PAGE>

          (b)  The  Warrant  Shares   issuable  upon  exercise  of  the  Sponsor
Warrants,  will be duly  authorized  and when issued and paid for in  accordance
with this Agreement and proper exercise of such Sponsor Warrants,  respectively,
and the certificates/instruments representing such Common Stock, will be validly
issued, fully-paid and non-assessable;  and such securities are not and will not
be  subject  to the  preemptive  rights  of any  holder of any  security  of the
Company.

          (c)  The Company is organized and is validly existing as a corporation
in good  standing  under the laws of the State of Delaware.  The Company is duly
qualified  or licensed  and in good  standing as a foreign  corporation  in each
jurisdiction   in  which  the   character  of  its   operations   requires  such
qualification or licensing and where failure to so qualify would have a material
adverse  effect  on the  Company.  The  Company  has  all  requisite  power  and
authority,  and all material and necessary  authorizations,  approvals,  orders,
licenses,  certificates  and  permits  of and from all  governmental  regulatory
officials  and bodies  (domestic  and  foreign)  ("APPROVALS")  to  conduct  its
business and the Company is doing business in material  compliance with all such
Approvals  except  where the  failure  to have such  Approvals  would not have a
material adverse effect on the Company.  The Company has all power and authority
to enter into this Agreement, to carry out the provisions and conditions hereof,
and all consents,  authorizations, and approvals required in connection herewith
have  been  obtained  or will be  obtained  prior to the  Closing.  No  consent,
authorization or order of, and no filing with, any court,  government  agency or
other body is required by the Company for the issuance of the securities  except
for applicable federal and state securities laws.

     4.   COVENANTS.

          (a)  BEST EFFORTS. The parties shall use their best efforts to satisfy
timely each of the conditions described in Sections 6 and 7 of this Agreement.

          (b)  AUTHORIZATION  AND  RESERVATION  OF WARRANT  SHARES.  The Company
shall at all times have authorized,  and reserved for the purpose of issuance, a
sufficient  number of shares of Common Stock to provide for the full exercise of
the outstanding Sponsor Warrants.

     5.   REGISTRATION RIGHTS. Sponsor (and its assignees and transferees) shall
be granted  demand  registrations  pursuant to a Registration  Rights  Agreement
reasonably acceptable to Sponsor and the Company.

     6.   CONDITIONS TO THE COMPANY'S  OBLIGATION TO SELL. The obligation of the
Company  hereunder  to issue and sell the  Sponsor  Warrants  to  Sponsor at the
Closing is subject to the satisfaction, at or before the Closing Date of each of
the following  conditions  thereto,  provided that these  conditions are for the
Company's  sole benefit and may be waived by the Company at any time in its sole
discretion:

          (a)  Sponsor shall have executed this Agreement and delivered the same
to the Company.

<PAGE>

          (b)  Sponsor  shall  have  delivered  the  Sponsor  Purchase  Price in
accordance with Section 1(b) above.

          (c)  The  representations  and warranties of Sponsor shall be true and
correct in all material  respects as of the date when made and as of the Closing
Date as though made at that time (except for representations and warranties that
speak as of a specific date),  and Sponsor shall have  performed,  satisfied and
complied in all material respects with the covenants,  agreements and conditions
required by this  Agreement  to be  performed,  satisfied  or  complied  with by
Sponsor at or prior to the Closing Date.

          (d)  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.

     7.   CONDITIONS TO THE SPONSOR'S OBLIGATION TO PURCHASE.  The obligation of
Sponsor  hereunder to purchase the Sponsor Warrants at the Closing is subject to
the  satisfaction,  at or  before  the  Closing  Date of  each of the  following
conditions,  provided that these  conditions  are for Sponsor's sole benefit and
may be waived by Sponsor at any time in its sole discretion:

          (a)  The Company shall have executed this  Agreement and delivered the
same to Sponsor.

          (b)  The  Company  shall  have  delivered  to  Sponsor  duly  executed
certificates  for the Sponsor  Warrants (in such  denominations as Sponsor shall
request) in accordance with Section 1(b) above.

          (c)  The  representations  and warranties of the Company shall be true
and  correct  in all  material  respects  as of the date when made and as of the
Closing  Date as  though  made at such  time  (except  for  representations  and
warranties  that  speak  as of a  specific  date)  and the  Company  shall  have
performed,  satisfied and complied in all material  respects with the covenants,
agreements and conditions required by this Agreement to be performed,  satisfied
or complied with by the Company at or prior to the Closing Date.

          (d)  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.

          (e)  No event shall have occurred  which could  reasonably be expected
to have a material adverse effect on the Company.

          (f)  The Company shall have executed an  Underwriting  Agreement  with
the underwriter for the IPO.

<PAGE>

     8.   GOVERNING LAW; MISCELLANEOUS.

          (a)  GOVERNING LAW. THIS AGREEMENT SHALL BE ENFORCED,  GOVERNED BY AND
CONSTRUED IN  ACCORDANCE  WITH THE LAWS OF THE STATE OF NEW YORK  APPLICABLE  TO
AGREEMENTS MADE AND TO BE PERFORMED  ENTIRELY WITHIN SUCH STATE,  WITHOUT REGARD
TO THE  PRINCIPLES OF CONFLICT OF LAWS.  THE PARTIES HERETO HEREBY SUBMIT TO THE
EXCLUSIVE  JURISDICTION  OF THE UNITED STATES FEDERAL COURTS LOCATED IN NEW YORK
CITY,  NEW YORK WITH RESPECT TO ANY DISPUTE  ARISING UNDER THIS  AGREEMENT,  THE
AGREEMENTS ENTERED INTO IN CONNECTION HEREWITH OR THE TRANSACTIONS  CONTEMPLATED
HEREBY OR THEREBY. BOTH PARTIES IRREVOCABLY WAIVE THE DEFENSE OF AN INCONVENIENT
FORUM TO THE MAINTENANCE OF SUCH SUIT OR PROCEEDING.  BOTH PARTIES FURTHER AGREE
THAT SERVICE OF PROCESS UPON A PARTY MAILED BY REGISTERED FIRST CLASS MAIL SHALL
BE DEEMED IN EVERY  RESPECT  EFFECTIVE  SERVICE OF PROCESS UPON THE PARTY IN ANY
SUCH SUIT OR  PROCEEDING.  NOTHING  HEREIN SHALL AFFECT EITHER  PARTY'S RIGHT TO
SERVE  PROCESS IN ANY OTHER MANNER  PERMITTED BY LAW.  BOTH PARTIES AGREE THAT A
FINAL NON-APPEALABLE JUDGMENT IN ANY SUCH SUIT OR PROCEEDING SHALL BE CONCLUSIVE
AND MAY BE ENFORCED IN OTHER  JURISDICTIONS  BY SUIT ON SUCH  JUDGMENT OR IN ANY
OTHER  LAWFUL  MANNER.  THE PARTY WHICH DOES NOT PREVAIL IN ANY DISPUTE  ARISING
UNDER THIS AGREEMENT SHALL BE RESPONSIBLE  FOR ALL FEES AND EXPENSES,  INCLUDING
REASONABLE  ATTORNEYS' FEES, INCURRED BY THE PREVAILING PARTY IN CONNECTION WITH
SUCH DISPUTE.

          (b)  COUNTERPARTS;  SIGNATURES  BY  FACSIMILE.  This  Agreement may be
executed in one or more counterparts,  each of which shall be deemed an original
but all of which shall  constitute  one and the same  agreement and shall become
effective when  counterparts have been signed by each party and delivered to the
other party.  This Agreement,  once executed by a party, may be delivered to the
other party hereto by facsimile transmission of a copy of this Agreement bearing
the signature of the party so delivering this Agreement.

          (c)  HEADINGS.  The headings of this Agreement are for  convenience of
reference only and shall not form part of, or affect the interpretation of, this
Agreement.

          (d)  SEVERABILITY.  In the event that any provision of this  Agreement
is invalid or  unenforceable  under any applicable  statute or rule of law, then
such  provision  shall be deemed  inoperative to the extent that it may conflict
therewith  and shall be deemed  modified to conform with such statute or rule of
law. Any provision hereof which may prove invalid or unenforceable under any law
shall not affect the validity or enforceability of any other provision hereof.

          (e)  ENTIRE AGREEMENT;  AMENDMENTS. This Agreement and the instruments
referenced  herein contain the entire  understanding of the parties with respect
to the matters  covered  herein and therein and supercede all prior  agreements,
including  without  limitation  the

<PAGE>

Unit  Purchase  Agreement,  and,  except as  specifically  set  forth  herein or
therein,  neither the Company nor Sponsor  makes any  representation,  warranty,
covenant or  undertaking  with  respect to such  matters.  No  provision of this
Agreement may be waived or amended other than by an instrument in writing signed
by the party to be charged with enforcement.

          (f)  NOTICES.  Any notices required or permitted to be given under the
terms of this  Agreement  shall be sent by certified or registered  mail (return
receipt requested) or delivered personally or by courier (including a recognized
overnight  delivery  service) or by facsimile  and shall be effective  five days
after being placed in the mail, if mailed by regular United States mail, or upon
receipt, if delivered personally or by courier (including a recognized overnight
delivery  service)  or by  facsimile,  in each case  addressed  to a party.  The
addresses for such communications shall be:

          If to the Company:       Churchill Ventures Ltd.
                                   50 Revolutionary Road
                                   Scarborough, New York 10510
                                   Attention: Chief Executive Officer
                                   Facsimile: 914-762-1128

          With a copy to:          Reitler Brown & Rosenblatt LLC
                                   800 Third Avenue
                                   21st Floor
                                   New York, NY 10022
                                   Attention: Robert S. Brown
                                   Facsimile: 212-371-5500

          If to Sponsor:           Churchill Capital Partners LLC
                                   50 Revolutionary Road
                                   Scarborough, New York 10510
                                   Attention: Chief Executive Officer
                                   Facsimile: 914-762-1128

Each party shall provide notice to the other party of any change in address.

          (g) WAIVER OF CLAIMS;  INDEMNIFICATION.  Sponsor hereby waives any and
all  rights to assert  any  present  or future  claims,  including  any right of
rescission,  against  the  Company  and  Banc of  America  Securities  LLC  (the
"UNDERWRITER")  with respect to its  purchase of the Sponsor  Warrants and those
warrants to purchase  4,000,000 shares of the Company's Common Stock (the "Prior
Sponsor Warrants") pursuant to a Warrant Puchase Agreement dated as of September
5, 2006, and agrees to indemnify and hold the Company and the Underwriter in the
IPO  harmless  from all  losses,  damages or  expenses  that relate to claims or
proceedings  brought against the Company,  or such Underwriter by Sponsor of the
Sponsor Warrants and the prior Sponsor  Warrants or its transferees,  assigns or
any subsequent holder of the Sponsor Warrants and the prior Sponsor Warrants.

          (h)  SUCCESSORS AND ASSIGNS.  This Agreement shall be binding upon and
inure to the benefit of the parties and their successors and assigns,  provided,
however,  that  Sponsor  shall not have the right to  assign  any of its  rights
hereunder to purchase Sponsor Warrants to any other person.

<PAGE>

          (i)  THIRD PARTY  BENEFICIARIES.  This  Agreement  is intended for the
benefit of the parties  hereto and their  respective  permitted  successors  and
assigns, and is not for the benefit of, nor may any provision hereof be enforced
by, any other  person;  provided  that  Section  8(g) is intended to benefit the
Underwriter and shall be enforceable against Sponsor by the Underwriter.

          (j)  FURTHER ASSURANCES.  Each party shall do and perform, or cause to
be done and performed,  all such further acts and things,  and shall execute and
deliver all such other agreements,  certificates,  instruments and documents, as
the other  party may  reasonably  request  in order to carry out the  intent and
accomplish  the  purposes  of  this  Agreement  and  the   consummation  of  the
transactions contemplated hereby.

          (k)  NO STRICT CONSTRUCTION.  The language used in this Agreement will
be deemed to be the  language  chosen by the  parties  to express  their  mutual
intent, and no rules of strict construction will be applied against any party.

          (l)  FURTHER  AGREEMENT.  Sponsor agrees to enter into an agreement or
execute a letter  confirming  the  voting  obligations  and  other  restrictions
pertaining to the Sponsor Warrants upon request of the Underwriter for the IPO.

                                      * * *

<PAGE>

     IN WITNESS  WHEREOF,  the  undersigned  Sponsor and the Company have caused
this Agreement to be duly executed as of the date first above written.

                                                 CHURCHILL VENTURES LTD.

                                                 By: ___________________________
                                                      Name:
                                                      Title:

                                                 CHURCHILL CAPITAL PARTNERS, LLC

                                                  By: __________________________
                                                       Name:
                                                       Title:

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