Document:

[Specimen Warrant Certificate]

[Face]

 

	
                        NUMBER
 	
                        WARRANTS
 

THIS WARRANT WILL BE VOID IF NOT EXERCISED PRIOR TO

5:00 P.M. NEW YORK CITY TIME, _________, 2013

OVERTURE ACQUISITION CORP.

Incorporated Under the Laws of the Cayman Islands

CUSIP [**********]

WARRANT CERTIFICATE

This Warrant Certificate certifies that ________________________, or registered assigns, is the registered holder of _________ warrants (the “Warrants”) to purchase ordinary shares, $0.0001 par value (the “Ordinary Share”), of Overture Acquisition Corp., a Cayman Islands exempted limited liability company (the “Company”). Each Warrant entitles the holder, upon exercise during the period set forth in the Warrant Agreement referred to below, to purchase from the Company that number of fully paid and non-assessable Ordinary Shares (each, a
“Warrant Share”) as set forth below at the exercise price (the “Exercise Price”) as determined pursuant to the Warrant Agreement payable in lawful money of the United States of America upon surrender of this Warrant Certificate and payment of the Exercise Price at the office or agency of the Warrant Agent, but only subject to the conditions set forth herein and in the Warrant Agreement. Defined terms used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement.

Each Warrant is initially exercisable for one fully paid and non-assessable Ordinary Share. The number of Warrant Shares issuable upon exercise of the Warrants is subject to adjustment upon the occurrence of certain events set forth in the Warrant Agreement. 

The initial Exercise Price per Ordinary Share for any Warrant is equal to $7.50 per share. The Exercise Price is subject to adjustment upon the occurrence of certain events set forth in the Warrant Agreement. 

Warrants may be exercised only during the Warrant Exercise Period subject to the conditions set forth in the Warrant Agreement and to the extent not exercised by the end of such Warrant Exercise Period such Warrants shall become void. 

Reference is hereby made to the further provisions of this Warrant Certificate set forth on the reverse hereof and such further provisions shall for all purposes have the same effect as though fully set forth at this place. 

This Warrant Certificate shall not be valid unless countersigned by the Warrant Agent, as such term is used in the Warrant Agreement.

This Warrant Certificate shall be governed and construed in accordance with the internal laws of the State of New York, without regard to conflicts of laws principles thereof.

 

	
                         
 	
                         
 	
                        OVERTURE ACQUISITION CORP.
 
	
                          
 	
                         
 	
                        

                        By: 
 	
                          
 
	
                         
 	
                         
 	
                         
 	
                        John F. W. Hunt
 Chief Executive Officer
 

 

	
                        Countersigned: 
 Dated: ____________, 20__
 AMERICAN STOCK TRANSFER AND TRUST COMPANY, 
 as Warrant Agent
 	
                         
 	
                         
 
	
                        

                        By: 
 	
                          
 	
                         
 	
                         
 	
                          
 
	
                         
 	
                        Authorized Signatory
 	
                         
 	
                         
 	
                         
 

 

 

[Specimen Warrant Certificate]

[Reverse]

The Warrants evidenced by this Warrant Certificate are part of a duly authorized issue of Warrants entitling the holder on exercise to receive ordinary shares, $0.0001 par value, of the Company (the “Ordinary Share”), and are issued or to be issued pursuant to a Warrant Agreement dated as of [_______], 2008 (the “Warrant Agreement”), duly executed and delivered by the Company to American Stock Transfer and Trust Company, as warrant agent (the “Warrant Agent”), which Warrant Agreement is hereby incorporated by reference in and made a part of this instrument and is hereby referred to for a
description of the rights, limitation of rights, obligations, duties and immunities thereunder of the Warrant Agent, the Company and the holders (the words “holders” or “holder” meaning the registered holders or registered holder) of the Warrants. A copy of the Warrant Agreement may be obtained by the holder hereof upon written request to the Company. Defined terms used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement. 

Warrants may be exercised at any time during the Warrant Exercise Period set forth in the Warrant Agreement. The holder of Warrants evidenced by this Warrant Certificate may exercise them by surrendering this Warrant Certificate, with the form of election to purchase set forth hereon properly completed and executed, together with payment of the Exercise Price as specified in the Warrant Agreement, at the principal corporate trust office of the Warrant Agent. In the event that upon any exercise of Warrants evidenced hereby the number of Warrants exercised shall be less than the total number of Warrants evidenced hereby, there shall be issued to the holder hereof or his assignee a new Warrant Certificate evidencing the number of Warrants not exercised. No adjustment shall be made for any dividends on any Ordinary Share issuable upon exercise of this Warrant. 

Notwithstanding anything else in this Warrant Certificate or the Warrant Agreement, no Warrant may be exercised unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise is effective under the Act and (ii) a prospectus thereunder relating to the Warrant Shares is current. In no event shall the Warrants be settled on a net cash basis during the Warrant Exercise Period nor shall the Company be required to issue unregistered shares upon the exercise of any Warrant except as set forth in the Warrant Agreement. 

The Warrant Agreement provides that upon the occurrence of certain events the number of Warrant Shares set forth on the face hereof may, subject to certain conditions, be adjusted. No fractions of an Ordinary Share will be issued upon the exercise of any Warrant, but the Company will pay the cash value thereof determined as provided in the Warrant Agreement. 

Warrant Certificates, when surrendered at the principal corporate trust office of the Warrant Agent by the registered holder thereof in person or by legal representative or attorney duly authorized in writing, may be exchanged, in the manner and subject to the limitations provided in the Warrant Agreement, but without payment of any service charge, for another Warrant Certificate or Warrant Certificates of like tenor evidencing in the aggregate a like number of Warrants. 

Upon due presentation for registration of transfer of this Warrant Certificate at the office of the Warrant Agent a new Warrant Certificate or Warrant Certificates of like tenor and evidencing in the aggregate a like number of Warrants shall be issued to the transferee(s) in exchange for this Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without charge except for any tax or other governmental charge imposed in connection therewith.

The Company and the Warrant Agent may deem and treat the registered holder(s) thereof as the absolute owner(s) of this Warrant Certificate (notwithstanding any notation of ownership or other writing hereon made by anyone), for the purpose of any exercise hereof, of any distribution to the holder(s) hereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary. Neither the Warrants nor this Warrant Certificate entitles any holder hereof to any rights of a shareholder of the Company.

 

 

ELECTION TO PURCHASE 

(To Be Executed Upon Exercise Of Warrant)

The undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, to receive __________ Ordinary Shares and herewith tenders payment for such shares to the order of Overture Acquisition Corp., in the amount of $______ in accordance with the terms hereof. The undersigned requests that a certificate for such shares be registered in the name of ________________, whose address is ________________________________________________________ and that such shares be delivered to ________________________ whose address is ______________________________________. If said number of shares is less than all of the Ordinary Shares purchasable hereunder, the undersigned requests that a new Warrant Certificate representing the remaining balance of such shares be registered in the name of ______________________, whose address is
___________________________________, and that such Warrant Certificate be delivered to ________________, whose address is ________________________________.

 

	
                        Dated: __________________
 	
                         
 	
                         
 	
                         
 
	
                         
 	
                         
 	
                         
 	
                         
 
	
                         
 	
                         
 	
                         
 	
                        (SIGNATURE)
 
	
                         
 	
                         
 	
                         
 	
                         
 
	
                         
 	
                         
 	
                         
 	
                         
 
	
                         
 	
                         
 	
                         
 	
                         
 
	
                         
 	
                         
 	
                         
 	
                         
 
	
                         
 	
                         
 	
                         
 	
                        (ADDRESS)
 
	
                         
 	
                         
 	
                         
 	
                         
 
	
                         
 	
                         
 	
                         
 	
                        (TAX IDENTIFICATION NUMBER)
 
	
                         
 	
                         
 	
                         
 	
                         
 
	
                        Signatures(s) Guaranteed:
 	
                         
 	
                         
 	
                         
 
	
                         
 	
                         
 	
                         
 	
                         
 
	
                         
 	
                         
 	
                         
 	
                         
 

 

 

ASSIGNMENT

To be Executed by the Registered Holder in Order to Assign Warrants

For Value Received, ___________________________________ hereby sell, assign, and transfer unto

 

	
                         
 
	
                        (PLEASE TYPE OR PRINT NAME AND ADDRESS)
 
	
                         
 
	
                         
 
	
                         
 
	
                         
 
	
                         
 
	
                         
 
	
                        (SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER)
 

and be delivered to_________________________________________________________________________________________________

(PLEASE PRINT OR TYPE NAME AND ADDRESS)

_______________________________________of the Warrants represented by this Warrant Certificate, and hereby

irrevocably constitute and appoint _____________________________ Attorney to transfer this Warrant Certificate on the books of the Company, with full power of substitution in the premises.

 

	
                        Dated: _____________________________
 	
                         
 	
                         
 	
                         
 
	
                         
 	
                         
 	
                         
 	
                        (SIGNATURE)
 

THE SIGNATURE TO THE ASSIGNMENT OF THE SUBSCRIPTION FORM MUST CORRESPOND TO THE NAME WRITTEN UPON THE FACE OF THIS WARRANT CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM PURSUANT TO S.E.C. RULE 17 Ad – 15).Exhibit 10.8

OVERTURE 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 January 10, 2008, is entered into by and between Overture Acquisition Corp., a Cayman Islands exempted company (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 October 25, 2007;

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

WHEREAS, concurrently with the sale of the Units in the Initial Public Offering, the Company desires to issue and sell and the Purchasers desire to purchase, in the amounts set forth opposite each Purchaser’s name on Schedule A attached hereto and upon the terms and conditions set forth in this Agreement, an aggregate of 3,980,000 warrants (the “Sponsors’ Warrants”), each Sponsors’ Warrant entitling the holder to purchase one Ordinary Share at an exercise price of $7.50 per Ordinary Share; and

WHEREAS, pursuant to the terms of that certain Warrant Agreement to be entered into by the Company and American 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 the American Stock Transfer & Trust Company, as escrow agent (the “Escrow Agent”), pursuant to the Escrow Agreement to be entered into by and among the Company, the Initial Shareholders (as
defined therein) and the Escrow Agent 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 (as defined therein).

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 of the Sponsors’ Warrants to the Purchasers.

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 attached hereto. The purchase price for each Sponsors’ Warrant shall be $1.00 per warrant, for an aggregate purchase price of $3,980,000 (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 to the Escrow Agent for deposit in an escrow account pursuant to the Escrow Agreement certificates evidencing the Sponsors’ Warrants to be purchased by the Purchasers hereunder, registered in the Purchasers’ respective names.

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 Ordinary 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 the Sponsors’ Warrants and the Ordinary 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 Cayman Islands and is qualified to do 

 

 

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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 Ordinary Shares 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 share capital 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
memorandum and articles of association of the Company, as may be amended from time to time, 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 Cayman Islands laws or United States 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 Ordinary 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 Warrant Agreement, the Purchasers will have good title to the Sponsors’ Warrants and the Ordinary 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 Cayman Islands laws or United States 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.

 

 

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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. Each Purchaser has the legal capacity to execute and perform the obligations imposed on such Purchaser hereunder. Each 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. Each Purchaser understands and acknowledges that the purchase of the Ordinary Shares upon the exercise of the Sponsors’ Warrants will require the availability of an exemption from registration under United States federal and/or state securities laws and that any sale of such Ordinary Shares shall require registration or the availability of an exemption from registration under United States federal and/or state securities laws.

B. Authorization; No Breach.

(i)  This Agreement constitutes a valid and binding obligation of each 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 each Purchaser of this Agreement and the fulfillment of and compliance with the respective terms hereof by each 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 such Purchaser, if any, or any other agreement, instrument, order, judgment or decree to which such Purchaser is subject.

C. Investment Representations.

(i)  Each Purchaser is acquiring the Sponsors’ Warrants and, upon exercise of the Sponsors’ Warrants, the Ordinary 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)  Each Purchaser is an “accredited investor” as such term is defined in Rule 501(a)(3) of Regulation D promulgated under the Securities Act of 1933, as amended (the “Securities Act”).

(iii)  Each 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 such Purchaser’s compliance with, the representations and warranties of the 

 

 

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Purchasers set forth herein in order to determine the availability of such exemptions and the eligibility of such Purchaser to acquire such Securities.

(iv)  Each 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.

(v)  Each 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. Each Purchaser has been afforded the opportunity to ask questions of the executive officers and directors of the Company. Each 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)  Each 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 such Purchaser nor have such authorities passed upon or endorsed the merits of the offering of the Securities.

(vii)  Each 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, each 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.  Each Purchaser is able to bear the economic risk of its investment in the Securities for an indefinite period of time.

(viii)  Each 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. Each Purchaser has adequate means of providing for his, her or its 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 

 

 

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Securities. Each Purchaser can afford a complete loss of his, her or its 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 such Purchaser of the Sponsors’ Warrants or his, her 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.

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.

 

 

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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 the Ordinary Shares issued upon exercise of any Sponsors’ Warrants will include the legend set forth in Exhibit B to the Warrant Agreement.

(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 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 

 

 

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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.

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 

 

 

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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:

Overture Acquisition Corp. 

c/o Maples Corporate Services Limited

P.O. Box 309

Ugland House

Grand Cayman KY1-1104

Cayman Islands 

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.]

 

 

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

  

	
                         
 	
                         
 	
                        COMPANY:
 
	
                         
 	
                         
 	
                         
 
	
                         
 	
                         
 	
                        Overture Acquisition Corp.
 
	
                          
 	
                         
 	
                        By: 
 	
                         
 /s/ Marc J. Blazer
 
	
                         
 	
                         
 	
                        Name: Marc J. Blazer
 Title: President and Treasurer
 

 

 

Signature Page 1 of 2 to A&R Sponsors’ Warrants Securities Purchase Agreement

 

Exhibit 10.8

PURCHASERS:

 

	
                        /s/ John F. W. Hunt
 	
                         
 	
                        /s/ Marc J. Blazer
 
	
                        John F. W. Hunt
 	
                         
 	
                        Marc J. Blazer
 
	
                        Mailing Address:
 	
                         
 	
                        Mailing Address:
 
	
                        
 	
                         
 	
                        
 
	
                        
 	
                         
 	
                        
 
	
                         
 	
                         
 	
                         
 
	
                         
 	
                         
 	
                         
 
	
                        /s/ Lawton W. Fitt
 	
                         
 	
                        /s/ Paul S. Pressler
 
	
                        Lawton W. Fitt
 	
                         
 	
                        Paul S. Pressler
 
	
                        Mailing Address:
 	
                         
 	
                        Mailing Address
 
	
                        
 	
                         
 	
                        
 
	
                        
 	
                         
 	
                        
 
	
                         
 	
                         
 	
                         
 
	
                         
 	
                         
 	
                         
 
	
                        /s/ Domenico De Sole
 	
                         
 	
                        /s/ Andrew H. Lufkin
 
	
                        Domenico De Sole
 	
                         
 	
                        Andrew H. Lufkin
 
	
                        Mailing Address:
 	
                         
 	
                        Mailing Address:
 
	
                        
 	
                         
 	
                        
 
	
                        
 	
                         
 	
                        
 
	
                         
 	
                         
 	
                         
 
	
                         
 	
                         
 	
                         
 
	
                         
 	
                         
 	
                        /s/ Mark Booth
 
	
                         
 	
                         
 	
                        Mark Booth
 
	
                         
 	
                         
 	
                        Mailing Address:
 
	
                         
 	
                         
 	
                        
 
	
                         
 	
                         
 	
                        
 

 

 

Signature Page 2 of 2 to A&R Sponsors’ Warrants Securities Purchase Agreement

 

Schedule A

 

	
                        Purchaser
 	
       
 	
      Sponsors’ Warrants
 Purchased
 	
       
 	
      Purchase Price of Sponsors’
 Warrants
 
	
      John F. W. Hunt
 	
       
 	
      2,130,000
 	
       
 	
      $2,130,000
 
	
                        Marc J. Blazer
 	
                         
 	
                        150,000
 	
                         
 	
                        $150,000
 
	
                        Lawton W. Fitt
 	
                         
 	
                        800,000
 	
                         
 	
                        $800,000
 
	
                        Mark Booth
 	
                         
 	
                        100,000
 	
                         
 	
                        $100,000
 
	
                        Domenico De Sole
 	
                         
 	
                        100,000
 	
                         
 	
                        $100,000
 
	
                        Paul S. Pressler
 	
                         
 	
                        200,000
 	
                         
 	
                        $200,000
 
	
                        Andrew H. Lufkin
 	
                         
 	
                        500,000
 	
                         
 	
                        $500,000
 
	
                        Total
 	
                         
 	
                        3,980,000
 	
                         
 	
  $3,980,000
 

 

 

Schedule A

 

Exhibit A

FORM OF WARRANT AGREEMENT

 

 

Exhibit A

 

Exhibit B

FORM OF ESCROW AGREEMENT

 

 

Exhibit B

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