Document:

EXHIBIT
      10.6

     

    _____________
      ___, 2008

    

    

    Staccato
      Acquisition Corp.

    825
      Third
      Avenue, 40th
      Floor

    New
      York,
      New York 10022

    

    EarlyBirdCapital,
      Inc.

    275
      Madison Avenue, 27th
      Floor

    New
      York,
      New York 10016

    

    
      	 	 	
              Re:

            	
              Initial
                Public Offering

            

    

    

    Gentlemen:

    

    The
      undersigned special advisor and stockholder of Staccato Acquisition Corp.
      (“Company”), in consideration of EarlyBirdCapital, Inc. (“EBC”) entering into a
      letter of intent (“Letter of Intent”) to underwrite an initial public offering
      of the securities of the Company (“IPO”) and embarking on the IPO process,
      hereby agrees as follows (certain capitalized terms used herein are defined
      in
      paragraph 13 hereof):

     

    1.  If
      the
      Company solicits approval of its stockholders of a Business Combination, the
      undersigned will vote all Insider Shares beneficially owned by him in accordance
      with the majority of the shares of common stock voted by the holders of the
      IPO
      Shares. If the Company seeks stockholder approval for its dissolution and plan
      of distribution prior the consummation of a Business Combination, the
      undersigned agrees to vote all Insider Shares in favor of such dissolution
      and
      plan of distribution.

     

    2.  The
      undersigned hereby waives any and all right, title, interest or claim of any
      kind in or to any distribution of the Trust Fund and any remaining net assets
      of
      the Company as a result of such liquidation 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 Fund for any reason whatsoever.

     

    3.  The
      undersigned acknowledges and agrees that the Company will not: (i)
      acquire an entity with which the Insiders, through their other business
      activities, had acquisition or investment discussions in the past; (ii)
      consummate an initial Business Combination with an entity which is, or has
      been
      within the past five years, affiliated with any of the Insiders or their
      affiliates, including an entity that is either a portfolio company of, or has
      otherwise received a material financial investment from, any private equity
      fund
      or investment company (or an affiliate thereof) that is affiliated with such
      individuals; or (iii) enter into a Business Combination where the Company
      acquires less than 100% of a target business and any Insider acquires the
      remaining portion of such target business, unless, in any of such cases, the
      Company obtains an opinion from an independent investment banking firm
      reasonably acceptable to EBC that the Business Combination is fair to the
      Company’s unaffiliated stockholders from a financial point of view.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    4.  Neither
      the undersigned, any member of the family of the undersigned, nor any affiliate
      (“Affiliate”) of the undersigned will be entitled to receive and will not accept
      any compensation for services rendered to the Company prior to or in connection
      with the consummation of the Business Combination; provided that the undersigned
      shall be entitled to reimbursement from the Company for his out-of-pocket
      expenses incurred in connection with seeking and consummating a Business
      Combination.

     

    5.  Neither
      the undersigned, any member of the family of the undersigned, nor any Affiliate
      of the undersigned will be entitled to receive or accept a finder’s fee,
      consulting fee, or any other compensation in the event the undersigned, any
      member of the family of the undersigned or any Affiliate of the undersigned
      originates a Business Combination. 

     

    6.  The
      undersigned will escrow all of the Insider Units, subject to the terms of a
      Securities Escrow Agreement which the Company will enter into with the
      undersigned and an escrow agent acceptable to the Company. The undersigned
      further agrees that he will not sell, transfer or assign (except to permitted
      transferees) any Insider Warrants until after the consummation by the Company
      of
      a Business Combination.

     

    7.  The
      undersigned’s biographical information furnished to the Company and EBC 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 Item 401
      of
      Regulation S-K, promulgated under the Securities Act of 1933. The undersigned’s
      Questionnaire furnished to the Company and EBC 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

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (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.

     

    8.  The
      undersigned has full right and power, without violating any agreement by which
      he is bound, to enter into this letter agreement.

     

    9.  The
      undersigned hereby waives his right to exercise conversion rights with respect
      to any shares of the Company’s common stock owned or to be owned by the
      undersigned, directly or indirectly, and agrees that he will not seek conversion
      with respect to such shares in connection with any vote to approve a Business
      Combination.

     

    10.  The
      undersigned hereby agrees to not propose, or vote in favor of, an amendment
      to
      the Company’s Certificate of Incorporation to extend the period of time in which
      the Company must consummate a Business Combination prior to its liquidation.
      Should such a proposal be put before stockholders other than through actions
      by
      the undersigned, the undersigned hereby agrees to vote against such proposal.
      This paragraph may not be modified or amended under any circumstances. The
      undersigned further agrees not to enter into any type of transaction, the
      purpose of which is to induce a public stockholder to vote for approval of
      the
      Company’s initial Business Combination (including payments of money, transfers
      of securities or purchases of securities).

     

    11.  The
      undersigned authorizes any employer, financial institution, or consumer credit
      reporting agency to release to EBC and its legal representatives or agents
      (including any investigative search firm retained by EBC) any information they
      may have about the undersigned’s background and finances (“Information”).
      Neither EBC 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.
      The
      undersigned hereby (i) agrees that any action, proceeding or claim against
      him
      arising out of or relating in any way to this letter agreement (a “Proceeding”)
      shall be brought and enforced in the courts of the State of New York of the
      United States of America for the Southern District of New York, and irrevocably
      submits to such jurisdiction, which jurisdiction shall be exclusive, and (ii)
      waives any objection to such exclusive jurisdiction and that such courts
      represent an inconvenient forum. If for any reason such agent is unable to
      act
      as such, the undersigned will promptly notify the Company and EBC and appoint
      a
      substitute agent acceptable to EBC within 30 days and nothing in this letter
      will affect the right of either party to serve process in any other manner
      permitted by law.

     

    12.  This
      letter agreement shall be governed by and construed and enforced in accor-dance
      with the laws of the State of New York, without giving effect to conflicts
      of
      law principles that would result in the application of the substantive laws
      of
      another jurisdiction.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    13.  As
      used
      herein, (i) a “Business Combination” shall mean an acquisition by merger,
      capital stock exchange, asset or stock acquisition, reorganization or otherwise,
      of an operating business; (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 included in the
      Insider Units; (iv) “Insider Units” shall mean all of the units of the Company
      acquired by the Insiders prior to the IPO (including the underlying Insider
      Shares and warrants (and shares reserved for issuance upon exercise of such
      warrants)); (v) “Insider Warrants” shall mean the warrants being purchased by
      the Insiders in a private placement transaction simultaneously with the
      consummation of the IPO; and (vi) “IPO Shares” shall mean the shares of Common
      Stock issued in the Company’s IPO.

     

     

    Joel
      Greenblatt

    Print
      name

    

    

    __________________________

    SignatureEXHIBIT
      10.7

    
 

    INVESTMENT
      MANAGEMENT TRUST AGREEMENT

    

    This
      Agreement is made as of ________, 2008 by and between Staccato Acquisition
      Corp.
      (the “Company”) and American Stock Transfer & Trust Company
      (“Trustee”).

    

    WHEREAS,
      the Company’s registration statement on Form S-1, No. 333-151642
      (“Registration Statement”), for its initial public offering of securities
      (“IPO”) has been declared effective as of the date hereof (“Effective Date”) by
      the Securities and Exchange Commission (capitalized terms used herein and not
      otherwise defined shall have the meanings set forth in the Registration
      Statement); and 

    

    WHEREAS,
      EarlyBirdCapital, Inc. (“EBC”) is acting as the representative of the
      underwriters in the IPO; and

    

    WHEREAS,
      as described in the Registration Statement, and in accordance with the Company’s
      Amended and Restated Certificate of Incorporation, $47,285,000 of the gross
      proceeds of the IPO and sale of the Sponsors’ Warrants (or $54,377,750) if the
      underwriters’ over-allotment option is exercised in full) will be delivered to
      the Trustee to be deposited and held in a trust account for the benefit of
      the
      Company and the holders of the Company’s common stock, par value $.0001 per
      share, issued in the IPO as hereinafter provided (the amount to be delivered
      to
      the Trustee will be referred to herein as the “Property”, the stockholders for
      whose benefit the Trustee shall hold the Property will be referred to as the
      “Public Stockholders,” and the Public Stockholders and the Company will be
      referred to together as the “Beneficiaries”); and 

    

    WHEREAS,
      the Company and the Trustee desire to enter into this Agreement to set forth
      the
      terms and conditions pursuant to which the Trustee shall hold the
      Property;

    

    IT
      IS
      AGREED:

    

    1. Agreements
      and Covenants of Trustee.
      The
      Trustee hereby agrees and covenants to:

    

    (a) Hold
      the
      Property in trust for the Beneficiaries in accordance with the terms of this
      Agreement in a segregated trust account (“Trust Account”) established by the
      Trustee; 

    

    (b) Manage,
      supervise and administer the Trust Account subject to the terms and conditions
      set forth herein;

    

    (c) In
      a
      timely manner, upon the instruction of the Company, to invest and reinvest
      the
      Property in United States “government securities” within the meaning of Section
      2(a)(16) of the Investment Company Act of 1940 having a maturity of 180 days
      or
      less,
      and/or
      in any open ended investment company registered under the Investment Company
      Act
      of 1940 that holds itself out as a money market fund selected by the Company
      meeting the conditions of paragraphs (c)(2), (c)(3) and (c)(4) of Rule 2a-7
      promulgated under the Investment Company Act of 1940, as determined by the
      Company;

    

    (d) Collect
      and receive, when due, all principal and income arising from the Property,
      which
      shall become part of the “Property,” as such term is used herein;

    

    (e) Notify
      the Company and EBC of all communications received by it with respect to any
      Property requiring action by the Company;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (f) Supply
      any necessary information or documents as may be requested by the Company in
      connection with the Company’s preparation of the tax returns relating to income
      from the property in the Trust Account (or otherwise);

    

    (g) Participate
      in any plan or proceeding for protecting or enforcing any right or interest
      arising from the Property if, as and when instructed by the Company and/or
      EBC
      to do so;

    

    (h) Render
      to
      the Company and to EBC, and to such other person as the Company may instruct,
      monthly written statements of the activities of and amounts in the Trust Account
      reflecting all receipts and disbursements of the Trust Account; and

    

    (i) Commence
      liquidation of the Trust Account only after and promptly after receipt of,
      and
      only in accordance with, the terms of a letter (“Termination Letter”), in a form
      substantially similar to that attached hereto as either Exhibit A or Exhibit
      B
      hereto, signed on behalf of the Company by its President or Chairman of the
      Board and Secretary or Assistant Secretary and affirmed by counsel for the
      Company, and complete the liquidation of the Trust Account and distribute the
      Property in the Trust Account only as directed in the Termination Letter and
      the
      other documents referred to therein; provided, however, that in the event that
      a
      Termination Letter has not been received by the Trustee by the 24-month
      anniversary of the closing (“Closing”) of the IPO (“First Date”), or the
      30-month anniversary of the Closing (“Last Date”) in the event that a definitive
      agreement for a Business Combination has been executed on or prior to the First
      Date but the Business Combination has not been consummated by the First Date,
      the Trust Account shall be liquidated in accordance with the procedures set
      forth in the Termination Letter attached as Exhibit B hereto to the stockholders
      of record on the record date established by the Company for such purpose. The
      Company shall set the record date to be within ten days of the Last Date, or
      as
      soon thereafter as reasonably practicable and legally permissible. In all cases,
      the Trustee shall provide EBC with a copy of any Termination Letters and/or
      any
      other correspondence that it receives with respect to any proposed withdrawal
      from the Trust Account promptly after it receives same.

    

    2. Limited
      Distributions from Trust Account.
      

    

    (a) Upon
      written request from the Company, which may be given from time to time in a
      form
      substantially similar to that attached hereto as Exhibit C, the Trustee shall
      distribute to the Company the amount requested by the Company to cover any
      income or other tax obligation owed by the Company;

    

    (b) Upon
      written request from the Company, which may be given from time to time in a
      form
      substantially similar to that attached hereto as Exhibit D, the Trustee shall
      distribute to the Company the amount requested by the Company to cover expenses
      related to investigating and selecting a target business and other working
      capital requirements; provided, however, that the aggregate amount of all such
      distributions shall not exceed $1,000,000 and the Company will not be allowed
      to
      withdraw interest income earned on the trust account unless there is sufficient
      funds available to pay the Company’s tax obligations on such interest income or
      otherwise then due at that time; 

    

    (c) Upon
      written request from the Company, which may be given from time to time
      commencing after the Company has filed a preliminary proxy statement for its
      initial business combination and ending on the date immediately prior to the
      vote held to approve such business combination, in a form substantially similar
      to that attached as Exhibit E, the Trustee shall distribute to the Company
      the
      amount requested by the Company so that it may purchase up to 918,750 shares
      of
      common stock (or up to 1,056,562 shares of common stock if the over-allotment
      option in the IPO is exercised in full (in either case, such amount being
      referred to as the “Maximum Amount”)), at prices (including commissions) not to
      exceed the amount arrived at by dividing the total amount held in the Trust
      Account on the day prior to the purchase by the number of shares of common
      stock
      sold in the IPO (such price being referred to as the “Maximum Price”);
      and

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    (d) The
      limited distributions referred to in Sections 2(a) and 2(b) above shall be
      made
      only from income collected on the Property. Except as provided in Section 2(a),
      2(b) and 2(c) above, no other distributions from the Trust Account shall be
      permitted except in accordance with Section 1(i) hereof.

    

    (e) In
      all
      cases, the Company shall provide EBC with a copy of any Termination Letters
      and/or any other correspondence that it issues to the Trustee with respect
      to
      any proposed withdrawal from the Trust Account promptly after such issuance.
      

    

    3. Agreements
      and Covenants of the Company.
      The
      Company hereby agrees and covenants to:

    

    (a) Give
      all
      instructions to the Trustee hereunder in writing, signed by the Company’s
      Chairman of the Board or President or other authorized officer. In addition,
      except with respect to its duties under paragraphs 1(i), 2(a) and 2(b) above,
      the Trustee shall be entitled to rely on, and shall be protected in relying
      on,
      any verbal or telephonic advice or instruction which it in good faith believes
      to be given by any one of the persons authorized above to give written
      instructions, provided that the Company shall promptly confirm such instructions
      in writing;

    

    (b) Hold
      the
      Trustee harmless and indemnify the Trustee from and against, any and all
      expenses, including reasonable counsel fees and disbursements, or loss suffered
      by the Trustee in connection with any action, suit or other proceeding brought
      against the Trustee involving any claim, or in connection with any claim or
      demand which in any way arises out of or relates to this Agreement, the services
      of the Trustee hereunder, or the Property or any income earned from investment
      of the Property, except for expenses and losses resulting from the Trustee's
      gross negligence or willful misconduct. Promptly after the receipt by the
      Trustee of notice of demand or claim or the commencement of any action, suit
      or
      proceeding, pursuant to which the Trustee intends to seek indemnification under
      this paragraph, it shall notify the Company in writing of such claim
      (hereinafter referred to as the “Indemnified Claim”). The Trustee shall have the
      right to conduct and manage the defense against such Indemnified Claim,
      provided, that the Trustee shall obtain the consent of the Company with respect
      to the selection of counsel, which consent shall not be unreasonably withheld.
      The Trustee may not agree to settle any Indemnified Claim without the prior
      written consent of the Company, which consent shall not be unreasonably
      withheld. The Company may participate in such action with its own counsel;
      

    

    (c) Pay
      the
      Trustee an initial acceptance fee, an annual fee and a transaction processing
      fee for each disbursement made pursuant to Section 2 as set forth on Schedule
      A
      hereto, which fees shall be subject to modification by the parties from time
      to
      time. It is expressly understood that the Property shall not be used to pay
      such
      fees unless and until it is distributed to the Company pursuant to Section
      2.
      The Company shall pay the Trustee the initial acceptance fee and first year’s
      fee at the consummation of the IPO and thereafter on the anniversary of the
      Effective Date. The Trustee shall refund to the Company the annual fee (on
      a pro
      rata basis) with respect to any period after the liquidation of the Trust Fund.
      The Company shall not be responsible for any other fees or charges of the
      Trustee except as set forth in this Section 3(c) and as may be provided in
      Section 3(b) hereof (it being expressly understood that the Property shall
      not
      be used to make any payments to the Trustee under such Sections);

    

    (d) In
      connection with any vote of the Company’s stockholders regarding a Business
      Combination, provide to the Trustee an affidavit or certificate of a firm
      regularly engaged in the business of soliciting proxies and/or tabulating
      stockholder votes (which firm may be the Trustee) verifying the vote of the
      Company’s stockholders regarding such Business Combination.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    4. Limitations
      of Liability.
      The
      Trustee shall have no responsibility or liability to:

    

    (a) Take
      any
      action with respect to the Property, other than as directed in paragraphs 1 and
      2 hereof and the Trustee shall have no liability to any party except for
      liability arising out of its own gross negligence or willful
      misconduct;

    

    (b) Institute
      any proceeding for the collection of any principal and income arising from,
      or
      institute, appear in or defend any proceeding of any kind with respect to,
      any
      of the Property unless and until it shall have received instructions from the
      Company given as provided here-in to do so and the Company shall have advanced
      or guaranteed to it funds sufficient to pay any expenses incident
      thereto;

    

    (c) Change
      the investment of any Property, other than in compliance with
      paragraph 1(c);

    

    (d) Refund
      any depreciation in principal of any Property;

    

    (e) Assume
      that the authority of any person designated by the Company to give instructions
      hereunder shall not be continuing unless provided otherwise in such designation,
      or unless the Company shall have delivered a written revocation of such
      authority to the Trustee;

    

    (f) The
      other
      parties hereto or to anyone else for any action taken or omitted by it, or
      any
      action suffered by it to be taken or omitted, in good faith and in the exercise
      of its own best judgment, except for its gross negligence or willful misconduct.
      The Trustee may rely conclusively and shall be protected in acting upon any
      order, notice, demand, certificate, opinion or advice of counsel (including
      counsel chosen by the Trustee), statement, instrument, report or other paper
      or
      document (not only as to its due execution and the validity and effectiveness
      of
      its provisions, but also as to the truth and acceptability of any information
      therein contained) which is believed by the Trustee, in good faith, to be
      genuine and to be signed or presented by the proper person or persons. The
      Trustee shall not be bound by any notice or demand, or any waiver, modification,
      termination or rescission of this Agreement or any of the terms hereof, unless
      evidenced by a written instrument delivered to the Trustee signed by the proper
      party or parties and, if the duties or rights of the Trustee are affected,
      unless it shall give its prior written consent thereto;

    

    (g) Verify
      the correctness of the information set forth in the Registration Statement
      or to
      confirm or assure that any acquisition made by the Company or any other action
      taken by it is as contemplated by the Registration Statement; and

    

    (h) Prepare,
      execute and file tax reports, income or other tax returns and pay any taxes
      with
      respect to income and other activities relating to the Trust Account, regardless
      of whether such tax is payable by the Trust Account or the Company (including
      but not limited to income tax obligations), it being expressly understood that
      as set forth in Section 1(i), if there is any income or other tax obligation
      relating to the Trust Account or the Property in the Trust Account, as
      determined from time to time by the Company and regardless of whether such
      tax
      is payable by the Company or the Trust, at the written instruction of the
      Company, the Trustee shall make funds available in cash from the Property in
      the
      Trust Account an amount specified by the Company as owing to the applicable
      taxing authority, which amount shall be paid directly to the Company by
      electronic funds transfer, account debit or other method of payment, and the
      Company shall forward such payment to the taxing authority.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    5. Termination.
      This
      Agreement shall terminate as follows:

    

    (a) If
      the
      Trustee gives written notice to the Company that it desires to resign under
      this
      Agreement, the Company shall use its reasonable efforts to locate a successor
      trustee. At such time that the Company notifies the Trustee that a successor
      trustee has been appointed by the Company and has agreed to become subject
      to
      the terms of this Agreement, the Trustee shall transfer the management of the
      Trust Account to the successor trustee, including but not limited to the
      transfer of copies of the reports and statements relating to the Trust Account,
      whereupon this Agreement shall terminate; provided, however, that, in the event
      that the Company does not locate a successor trustee within ninety days of
      receipt of the resignation notice from the Trustee, the Trustee may submit
      an
      application to have the Property deposited with any court in the State of New
      York or with the United States District Court for the Southern District of
      New
      York and upon such deposit, the Trustee shall be immune from any liability
      whatsoever; or 

    

    (b) At
      such
      time that the Trustee has completed the liquidation of the Trust Account in
      accordance with the provisions of paragraph 1(i) hereof, and distributed the
      Property in accordance with the provisions of the Termination Letter, this
      Agreement shall terminate except with respect to Paragraph 3(b).

    

    6. Miscellaneous.

    

    (a) The
      Company and the Trustee each acknowledge that the Trustee will follow the
      procedures set forth below with respect to funds transferred from the Trust
      Account. Upon receipt of written instructions, the Trustee will confirm such
      instructions with an Authorized Individual at an Authorized Telephone Number
      listed on the attached Exhibit F. In executing funds transfers, the Trustee
      will
      rely upon account numbers or other identifying numbers of a beneficiary,
      beneficiary’s bank or intermediary bank, rather than names. The Trustee shall
      not be liable for any loss, liability or expense resulting from any error in
      an
      account number or other identifying number, provided it has accurately
      transmitted the numbers provided.

    

    (b) This
      Agreement shall be governed by and construed and enforced in accordance with
      the
      laws of the State of New York, without giving effect to conflicts of law
      principles that would result in the application of the substantive laws of
      another jurisdiction. It may be executed in several original or facsimile
      counterparts, each one of which shall constitute an original, and together
      shall
      constitute but one instrument.

    

    (c) This
      Agreement contains the entire agreement and understanding of the parties hereto
      with respect to the subject matter hereof. Except for Section 1(i) (which may
      not be amended under any circumstances), this Agreement or any provision here-of
      may only be changed, amended or modified by a writing signed by each of the
      parties hereto; provided, however, that no such change, amendment or
      modification may be made without the prior written consent of EBC. As to any
      claim, cross-claim or counterclaim in any way relating to this Agreement, each
      party waives the right to trial by jury.

    

    (d) The
      parties hereto consent to the jurisdiction and venue of any state or federal
      court located in the City of New York, Borough of Manhattan, for purposes of
      resolving any disputes hereunder.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    

    (e) Any
      notice, consent or request to be given in connection with any of the terms
      or
      provisions of this Agreement shall be in writing and shall be sent by express
      mail or similar private courier service, by certified mail (return receipt
      requested), by hand delivery or by facsimile transmission:

    

    if
      to the
      Trustee, to:

    

    American
      Stock Transfer 

    &
      Trust Company

    59
      Maiden
      Lane

    New
      York,
      New York 10038

    Attn:
      

    Facsimile:
      (___) ___-____

    

    if
      to the
      Company, to:

      

    Staccato
      Acquisition Corp.

    825
      Third
      Avenue, 40th Floor

    New
      York,
      New York 10022

    Attn: Eric
      S.
      Rosenfeld

    Facsimile.:
      (___)
      ___-____

    

    in
      either
      case with a copy to:

    

    Graubard
      Miller

    The
      Chrysler Building

    405
      Lexington Avenue

    New
      York,
      New York 10174

    Attn:
       David
      Alan Miller, Esq.

    Facsimile.:
      (212)
      818-8881

    

    and:

    

    EarlyBirdCapital,
      Inc. 

    275
      Madison Avenue

    New
      York,
      New York 10016

    Attn:
       Steven
      Levine

    Facsimile.:
      (___)
      ___-____

    

    and:

    

    Greenberg
      Traurig, LLP

    Met
      Life
      Building

    200
      Park
      Avenue

    New
      York,
      New York 10166

    Attn: Robert
      H.
      Cohen, Esq.

    Facsimile.:
      (212)
      801-6400

    

    

    (f) This
      Agreement may not be assigned by the Trustee without the prior consent of the
      Company and EBC.

    

    (g) Each
      of
      the Trustee and the Company hereby represents that it has the full right and
      power and has been duly authorized to enter into this Agreement and to perform
      its respective obligations as contemplated hereunder. The Trustee acknowledges
      and agrees that it shall not make any claims or proceed against the Trust
      Account, including by way of set-off, and shall not be entitled to any funds
      in
      the Trust Account under any circumstance.

    

    (h) Each
      of
      the Company and the Trustee hereby acknowledge that EBC is a third party
      beneficiary of this Agreement.

    (i) 
      The
      Trustee hereby consents to the inclusion of American Stock Transfer & Trust
      Company in the Registration Statement and other materials related to the
      IPO.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties have duly executed this Investment Management
      Trust
      Agreement as of the date first written above.

     

    
      	
               

            	
               

            	
               

            
	
               

            	
              AMERICAN
                STOCK TRANSFER

              &
                TRUST COMPANY, as Trustee

            
	
               

               

            	
               

               

            	
               

               

            
	
               

            	
              By:  

            	
               

            
	
               

            	
              
                

                Name: 

            
	
               

            	
              Title:

            

    

     

    
      	
               

            	
               

            	
               

            
	
               

            	
              STACCATO
                ACQUISITION CORP.

            
	
               

               

            	
               

               

            	
               

               

            
	
               

            	
              By:  

            	
               

            
	
               

            	
              
                

                Name: 

            
	
               

            	
              Title:

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    SCHEDULE
      A

    

    
      	
              Fee
                Item

            	
               

            	
              Time
                and method of payment 

            	
               

            	
              Amount

            
	
              Initial
                acceptance fee

            	
               

            	
              Initial
                closing of IPO by wire transfer 

            	
               

            	
              $1,000

            
	
              Annual
                fee

            	
               

            	
              First
                year, initial closing of IPO by wire transfer; thereafter on the
                anniversary of the effective date of the IPO by wire transfer or
                check

            	
               

            	
              $3,000

            
	
              Transaction
                processing fee for disbursements to Company under Section
                2

            	
               

            	
              Deduction
                by Trustee from accumulated income following disbursement made to
                Company
                under Section 2

            	
               

            	
              $250

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      A

    

    [Letterhead
      of Company]

    

    [Insert
      date]

    

    American
      Stock Transfer 

    &
      Trust Company

    59
      Maiden
      Lane

    New
      York,
      New York 10038

    

    
      	 	
              Re:

            	
              Trust
                Account No.          
                Termination Letter

            

    

    

    Gentlemen:

    

    Pursuant
      to paragraph 1(i) of the Investment Management Trust Agreement between Staccato
      Acquisition Corp. (“Company”) and American Stock Transfer & Trust Company
      (“Trustee”), dated as of _________, 2008 (“Trust Agreement”), this is to advise
      you that the Company has entered into an agreement (“Business Agreement”) with
      __________________ (“Target Business”) to consummate a business combination with
      Target Business (“Business Combination”) on or about [insert
      date].
      The
      Company shall notify you at least 48 hours in advance of the actual date of
      the
      consummation of the Business Combination (“Consummation Date”).

    

    In
      accordance with the terms of the Trust Agreement, we hereby authorize you to
      commence liquidation of the Trust Account to the effect that, on the
      Consummation Date, all of funds held in the Trust Account will be immediately
      available for transfer to the account or accounts that the Company shall direct
      on the Consummation Date.

    

    On
      the
      Consummation Date (i) counsel for the Company shall deliver to you written
      notification that the Business Combination has been consummated (“Counsel’s
      Letter”) and (ii) the Company shall deliver to you (a) [an affidavit] [a
      certificate] of __________________, which verifies the vote of the Company’s
      stockholders in connection with the Business Combination and (b) written
      instructions with respect to the transfer of the funds held in the Trust Account
      (“Instruction Letter”). You are hereby directed and authorized to transfer the
      funds held in the Trust Account immediately upon your receipt of the Counsel's
      Letter and the Instruction Letter, in accordance with the terms of the
      Instruction Letter. In the event that certain deposits held in the Trust Account
      may not be liquidated by the Consummation Date without penalty, you will notify
      the Company of the same and the Company shall direct you as to whether such
      funds should remain in the Trust Account and distributed after the Consummation
      Date to the Company. Upon the distribution of all the funds in the Trust Account
      pursuant to the terms hereof, the Trust Agreement shall be terminated and the
      Trust Account closed.

    

    In
      the
      event that the Business Combination is not consummated on the Consummation
      Date
      described in the notice thereof and we have not notified you on or before the
      original Consummation Date of a new Consummation Date, then the funds held
      in
      the Trust Account shall be reinvested as provided in the Trust Agreement on
      the
      business day immediately following the Consummation Date as set forth in the
      notice.

     

    
      	
               

            	
               

            	
               

            
	
               

            	
              Very
                truly yours,

            
	
               

            	
               

            
	
               

            	
              STACCATO
                ACQUISITION CORP. 

            
	
               

               

            	
               

               

            	
               

               

            
	
               

            	
              By:  

            	
               

            
	
               

            	
              
                

                Name:

              Title:

            

    

     

    
      	
               

            	
               

            	
               

            
	
               

            	
              By:  

            	
               

            
	
               

            	
              
                

                Name:

              Title:

            

    

     

    
      	
              cc:

            	
              EarlyBirdCapital,
                Inc. 

            

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    EXHIBIT
      B

    

    [Letterhead
      of Company]

    

    [Insert
      date]

     

    American
      Stock Transfer 

    &
      Trust Company

    59
      Maiden
      Lane

    New
      York,
      New York 10038

    

    

    
      	 	
              Re:

            	
              Trust
                Account No.          
                Termination Letter

            

    

    

    Gentlemen:

    

    Pursuant
      to paragraph 1(i) of the Investment Management Trust Agreement between Staccato
      Acquisition Corp. (“Company”) and American Stock Transfer & Trust Company
      (“Trustee”), dated as of ___________, 2008 (“Trust Agreement”), this is to
      advise you that the Company has been unable to effect a Business Combination
      with a Target Company within the time frame specified in the Company’s
      Certificate of Incorporation, as described in the Company’s prospectus relating
      to its IPO.

    

    In
      accordance with the terms of the Trust Agreement, we hereby authorize you,
      to
      commence liquidation of the Trust Account as promptly as practicable, but no
      later than ten business days from the date hereof, to stockholders of record
      on
      the Last Date (as defined in the Trust Agreement). You will notify the Company
      in writing as to when all of the funds in the Trust Account will be available
      for immediate transfer (“Transfer Date”) in accordance with the terms of the
      Trust Agreement and the Certificate of Incorporation of the Company. You shall
      commence distribution of such funds in accordance with the terms of the Trust
      Agreement and the Certificate of Incorporation of the Company and you shall
      oversee the distribution of the funds. Upon the distribution of all the funds
      in
      the Trust Account, your obligations under the Trust Agreement shall be
      terminated.

     

    
      	
               

            	
               

            	
               

            
	
               

            	
              Very
                truly yours,

            
	
               

            	
               

            
	
               

            	
              STACCATO
                ACQUISITION CORP. 

            
	
               

               

            	
               

               

            	
               

               

            
	
               

            	
              By:  

            	
               

            
	
               

            	
              
                

                Name:

              Title:

            

    

     

    
      	
               

            	
               

            	
               

            
	
               

            	
              By:  

            	
               

            
	
               

            	
              
                

                Name:

              Title:

            

    

     

    
      	
              cc:

            	
              EarlyBirdCapital,
                Inc. 

            

    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    EXHIBIT
      C

    

    [Letterhead
      of Company]

    

    [Insert
      date]

     

    American
      Stock Transfer 

    &
      Trust Company

    59
      Maiden
      Lane

    New
      York,
      New York 10038

    

    

    
      	 	
              Re:

            	
              Trust
                Account No.

            

    

    

    Gentlemen:

    

    Pursuant
      to paragraph 2(a) of the Investment Management Trust Agreement between Staccato
      Acquisition Corp. (“Company”) and American Stock Transfer & Trust Company
      (“Trustee”), dated as of ___________, 2008 (“Trust Agreement”), the Company
      hereby requests that you deliver to the Company $_______ of the income earned
      on
      the Property as of the date hereof. The Company needs such funds to pay for
      the
      tax obligations as set forth on the attached tax return or tax statement. In
      accordance with the terms of the Trust Agreement, you are hereby directed and
      authorized to transfer (via wire transfer) such funds promptly upon your receipt
      of this letter to the Company’s operating account at:

    

    [WIRE
      INSTRUCTION INFORMATION]

     

    
      	
               

            	
               

            	
               

            
	
               

            	
              Very
                truly yours,

            
	
               

            	
               

            
	
               

            	
              STACCATO
                ACQUISITION CORP. 

            
	
               

               

            	
               

               

            	
               

               

            
	
               

            	
              By:  

            	
               

            
	
               

            	
              
                

                Name:

              Title:

            

    

     

    
      	
               

            	
               

            	
               

            
	
               

            	
              By:  

            	
               

            
	
               

            	
              
                

                Name:

              Title:

            

    

     

    
      	
              cc:

            	
              EarlyBirdCapital,
                Inc. 

            

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      D

    

    

    [Letterhead
      of Company]

    

    [Insert
      date]

     

    American
      Stock Transfer 

    &
      Trust Company

    59
      Maiden
      Lane

    New
      York,
      New York 10038

    

    

    
      	 	
              Re:

            	
              Trust
                Account No. 

            

    

    

    Gentlemen:

    

    Pursuant
      to paragraph 2(b) of the Investment Management Trust Agreement between Staccato
      Acquisition Corp. (“Company”) and American Stock Transfer & Trust Company
      (“Trustee”), dated as of __________, 2008 (“Trust Agreement”), the Company
      hereby requests that you deliver to the Company $_______ of the income earned
      on
      the Property as of the date hereof, which does not exceed, in the aggregate
      with
      all such prior disbursements pursuant to paragraph 2(b), if any, the maximum
      amount set forth in paragraph 2(b). The Company needs such funds to cover its
      expenses relating to investigating and selecting a target business and other
      working capital requirements. In accordance with the terms of the Trust
      Agreement, you are hereby directed and authorized to transfer (via wire
      transfer) such funds promptly upon your receipt of this letter to the Company’s
      operating account at:

    

    [WIRE
      INSTRUCTION INFORMATION]

     

    
      	
               

            	
               

            	
               

            
	
               

            	
              Very
                truly yours,

            
	
               

            	
               

            
	
               

            	
              STACCATO
                ACQUISITION CORP. 

            
	
               

               

            	
               

               

            	
               

               

            
	
               

            	
              By:  

            	
               

            
	
               

            	
              
                

                Name:

              Title:

            

    

     

    
      	
               

            	
               

            	
               

            
	
               

            	
              By:  

            	
               

            
	
               

            	
              
                

                Name:

              Title:

            

    

     

    
      	
              cc:

            	
              EarlyBirdCapital,
                Inc. 

            

    

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    EXHIBIT
      E

    

    

    [Letterhead
      of Company]

    

    [Insert
      date]

     

    American
      Stock Transfer 

    &
      Trust Company

    59
      Maiden
      Lane

    New
      York,
      New York 10038

    

    

    
      	 	
              Re:

            	
              Trust
                Account No. 

            

    

    

    Gentlemen:

    

    Pursuant
      to paragraph 2(c) of the Investment Management Trust Agreement between Staccato
      Acquisition Corp. (“Company”) and American Stock Transfer & Trust Company
      (“Trustee”), dated as of __________, 2008 (“Trust Agreement”), the Company
      hereby requests that you deliver to the Company $_______ from the Property
      in
      order to purchase _____ shares (“Shares”) of the Company’s common stock at a
      price of $___ per share (“Purchase Price”). The Purchase Price is below the
      Maximum Price (as defined in the Trust Agreement). Additionally, the Shares,
      together with any shares of common stock previously purchased by the Company
      pursuant to paragraph 2(c) of the Trust Agreement, do not exceed the Maximum
      Amount (as defined in the Trust Agreement). In accordance with the terms of
      the
      Trust Agreement, you are hereby directed and authorized to transfer (via wire
      transfer) such funds promptly upon your receipt of this letter to the Company’s
      operating account at:

    

    [WIRE
      INSTRUCTION INFORMATION]

     

    
      	
               

            	
               

            	
               

            
	
               

            	
              Very
                truly yours,

            
	
               

            	
               

            
	
               

            	
              STACCATO
                ACQUISITION CORP. 

            
	
               

               

            	
               

               

            	
               

               

            
	
               

            	
              By:  

            	
               

            
	
               

            	
              
                

                Name:

              Title:

            

    

     

    
      	
               

            	
               

            	
               

            
	
               

            	
              By:  

            	
               

            
	
               

            	
              
                

                Name:

              Title:

            

    

     

    
      	
              cc:

            	
              EarlyBirdCapital,
                Inc. 

            

    

    

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     EXHIBIT
      F

    

    
      	
              AUTHORIZED
                INDIVIDUAL(S)

              FOR
                TELEPHONE CALL BACK

            	
               

            	
              AUTHORIZED

              TELEPHONE
                NUMBER(S)

            
	
               

            	
               

            	
               

            
	
              Company:

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
              Staccato
                Acquisition Corp.

              825
                Third Avenue, 40th Floor

              New
                York, New York 10022

              Attn: Eric
                S. Rosenfeld

            	
               

            	
              (212)
                319-7676

            
	
               

            	
               

            	
               

            
	
              Trustee:

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
              American
                Stock Transfer 

              &
                Trust Company

              59
                Maiden Lane

              New
                York, New York 10038

              Attn:
                

            	
               

            	 

    

     

     

    14

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