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Exhibit 10.1    
    

 
 

PROMISSORY NOTE

	$200,000.00	 	October 25, 2007

        FOR
VALUE RECEIVED, the undersigned Capstar Acquisition Corp., a Delaware corporation ("Maker" or the
"Company"), whose address is 600 Congress Avenue, Suite 1400, Austin, Texas 78701, shall be entitled to borrow from R. Steven Hicks, an
individual ("Payee"), whose address is 600 Congress Avenue, Suite 1400, Austin, Texas 78701, and the Payee hereby agrees to lend to Maker in one or more
installments the aggregate principal amount of TWO HUNDRED THOUSAND AND 00/100 DOLLARS ($200,000.00), in legal and lawful money of the United States of America (the
"Note"). 

        This
is a non-interest bearing note. 

        Maker
shall repay the entire unpaid principal balance of this Note at the offices of the Payee upon the earlier of March 31, 2008 or the consummation of a public offering of the
Company's securities. 

        If
payment of this Note or any installment of this Note is not made when due, the entire indebtedness hereunder, at the option of Payee, shall immediately become due and payable, and
Payee shall be entitled to pursue any or all remedies to which Payee is entitled hereunder, or at law or in equity. 

        Any
provision herein, or in any document securing this Note, or any other document executed or delivered in connection herewith, or in any other agreement or commitment, whether written
or oral, expressed or implied, to the contrary notwithstanding, neither Payee nor any holder hereof shall in any event be entitled to receive or collect, nor shall or may amounts received hereunder be
credited, so that Payee or any holder hereof shall be paid, as interest, a sum greater than the maximum amount permitted by applicable law to be charged to the person, partnership, firm or corporation
primarily obligated to pay this Note at the time in question. 

        This
Note may be prepaid, in whole or in part, without penalty. This Note may not be changed, amended or modified except in a writing expressly intended for such purpose and executed by
the party against whom enforcement of the change, amendment or modification is sought. The loan evidenced by this Note is made solely for business purposes and is not for personal, family, household
or agricultural purposes. 

        THIS
NOTE IS BEING EXECUTED AND DELIVERED, AND IS INTENDED TO BE PERFORMED, IN THE STATE OF TEXAS. EXCEPT TO THE EXTENT THAT THE LAWS OF THE UNITED STATE MAY APPLY TO THE TERMS HEREOF,
THE SUBSTANTIVE LAWS OF THE STATE OF TEXAS SHALL GOVERN THE VALIDITY, CONSTRUCTION, ENFORCEMENT AND INTERPRETATION OF THIS NOTE. IN THE EVENT OF A DISPUTE INVOLVING THIS NOTE OR ANY OTHER INSTRUMENTS
EXECUTED IN CONNECTION HEREWITH, THE UNDERSIGNED PARTIES IRREVOCABLY AGREE THAT VENUE FOR SUCH DISPUTE SHALL LIE IN ANY COURT OF COMPETENT JURISDICTION IN AUSTIN COUNTY, TEXAS. 

        Service
of any notice by Maker to Payee or by Payee to Maker, shall be mailed, postage prepaid by certified United States mail, return receipt requested, at the address for such party
set forth in this Note, or at such subsequent address provided to the other party hereto in the manner set forth in this paragraph for all notices. Any such notice shall be deemed given three
(3) days after deposit thereof in an official depository under the care and custody of the United States Postal Service. 

        Should
the indebtedness represented by this Note or any part thereof be collected at law or in equity or through any bankruptcy, receivership, probate or other court proceedings or if
this Note is placed in the hands of attorneys for collection after default, the undersigned and all endorsers, guarantors and sureties of this Note jointly and severally agree to pay to the holder of
this Note, in addition to the principal and interest due and payable hereon, reasonable attorneys' and collection fees. 

        The
undersigned and all endorsers, guarantors and sureties of this Note and all other persons liable or to become liable on this Note severally waive presentment for payment, demand,
notice of demand and of dishonor and nonpayment of this Note, notice of intention to accelerate the maturity of this Note, notice of acceleration, protest and notice of protest, diligence in
collecting, and the bringing of suit against any other party, and agree to all renewals, extensions, modifications, partial payments, releases or substitutions of security, in whole or in part, with
or without notice, before or after maturity. 

        The
undersigned hereby expressly and unconditionally waives, in connection with any suit, action or proceeding brought by the payee on this Note, any and every right it may have to
(i) injunctive relief, (ii) a trial by jury, (iii) interpose any counterclaim therein and (iv) have the same consolidated with any other or separate suit, action or
proceeding. Nothing herein contained shall prevent or prohibit the undersigned from instituting or maintaining a separate action against payee with respect to any asserted claim. 

        This
Note represents the final agreement between the parties and may not be contradicted by evidence of prior, contemporaneous or subsequent oral agreements of the parties. 

[Signature Page Follows] 

        EXECUTED
AND AGREED as of the dated first above written. 

	 	 	CAPSTAR ACQUISITION CORP.,

a Delaware corporation	 	 	 
	 	 	 	 	By:	/s/  JOHN D. CULLEN      
 John D. Cullen
 President

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Exhibit 10.1

PROMISSORY NOTEQuickLinks
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Exhibit 10.7    
    

 
 

STOCK PURCHASE AGREEMENT    
    

        This Stock Purchase Agreement (this "Agreement"), effective as of October 25, 2007, is made and entered
into by and between Capstar Acquisition Corp., a Delaware corporation (the "Company"), and Capstar Acquisition Management, LP, a Texas limited
partnership ("Buyer"). 

 
 

RECITALS:    
    

        WHEREAS, Buyer wishes to purchase from the Company 5,750,000 shares of the Company's Common Stock, par value
$0.0001 per share (the "Shares"); and 

        WHEREAS, the Buyer wishes to purchase the Shares from the Company and the Company wishes to sell the Shares to the Buyer on the terms and
subject to the conditions set forth in this Agreement. 

 
 

AGREEMENT:    
    

        NOW, THEREFORE, in consideration of the premises, representations, warranties and the mutual covenants contained
in this Agreement, and for other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 

 
 

ARTICLE I.
  DEFINITIONS    
    

        The terms defined in this Article I shall have for all purposes of this Agreement the respective meanings
set forth below: 

        "Buyer" shall have the meaning set forth in the preamble to this Agreement. 

        "Closing" shall have the meaning set forth in Section 2.3 of this Agreement. 

        "Closing Date" shall have the meaning set forth in Section 2.3 of this Agreement. 

        "Common Stock" shall mean the Common Stock, $0.0001 par value per share, of the Company. 

        "Company" shall have the meaning set forth in the preamble to this Agreement. 

        "Consent" means any consent, approval, notification, waiver, or other similar action that is necessary or convenient. 

        "Governmental Body" shall mean any legislature, agency, bureau, branch, department, division, commission, court, tribunal or other similar
recognized organization or body of any federal, state, county, municipal, local or foreign government or other similar recognized organization or body exercising similar powers or authority. 

        "Law" shall mean any law (statutory, common or otherwise), constitution, ordinance, rule, regulation, executive order or other similar
authority enacted, adopted, promulgated or applied by any Governmental Body. 

        "Lien" shall mean a mortgage, deed of trust, pledge, hypothecation, assignment, encumbrance, charge, restriction, lien (statutory or
otherwise, including, without limitation, any lien for taxes), security interest, preference, participation interest, priority or security agreement or preferential arrangement of any kind or nature
whatsoever, including, without limitation, any conditional sale or other title retention agreement, any financing lease having substantially the same economic effect as any of the foregoing and the
filing of any document under the law of any applicable jurisdiction to evidence any of the foregoing, other than (i) statutory, mechanics' or other Liens incurred in the Company's ordinary
course of business or (ii) Liens for taxes incurred but not yet due. 

        "Order" shall mean an order, ruling, decision, award, judgment, injunction or other similar determination or finding by, before or under
the supervision of any Governmental Body or arbitrator. 

 

        "Permit" shall mean a permit, license, certificate, waiver, notice or similar authorization to which Buyer is a party or by which Buyer is
bound or any of its assets are subject. 

        "Purchase Price" shall have the meaning set forth in Section 2.2 of this Agreement. 

        "SEC" shall mean the United States Securities and Exchange Commission. 

        "Securities Act" shall mean the United States Securities Act of 1933, as amended, or any successor federal statute, and the applicable
rules and regulations promulgated and in effect from time to time thereunder. 

        "Shares" shall have the meaning set forth in the recitals to this Agreement. 

 
 

ARTICLE II
  PURCHASE OF SHARES    
    

        Section 2.1 Purchase and Sale of Shares.    Subject to the terms and conditions hereof and in reliance upon the
representations and warranties of the parties contained or incorporated by reference herein, simultaneous with the execution hereof, the Company shall sell and deliver to Buyer, and Buyer shall
purchase from the Company, the Shares, in consideration of the payment of the Purchase Price noted herein. 

        Section 2.2 Purchase Price.    As payment in full for the Shares being purchased under this Agreement and against
delivery of the certificates therefor, simultaneous with the execution hereof, Buyer shall pay $25,000 to the Company by wire transfer ($575 of which shall be purchase price and $24,425 of which shall
be additional paid-in capital) of immediately available funds or by such other method as may be reasonably acceptable to the Company, (the "Purchase
Price"). 

        Section 2.3 Closing.    The closing of the purchase and sale of the Shares (the
"Closing") shall be held on the date of this Agreement ("Closing Date") at the offices of Akin Gump
Strauss Hauer & Feld LLP, 590 Madison Avenue, New York, New York 10022, or such other place as may be agreed upon by the parties hereto. 

        Section 2.4 Closing Deliveries.    All actions taken at the Closing shall be deemed to have been taken simultaneously. 

        (a)   Buyer Deliveries. At the Closing Buyer shall deliver to the Company the Purchase Price. 

        (b)   Company Deliveries. At the Closing, or within a reasonable time after the Closing but in no event later than thirty
(30) days after Closing, the Company shall deliver to Buyer the certificates representing the Shares. 

        Section 2.5 Redemption of Shares.    If the underwriters (the
"Underwriters") in the Company's initial public offering (the "IPO") do not exercise in full their
over-allotment option to be granted by the Company pursuant to an underwriting agreement by and among the Underwriters and the Company, then the Buyer shall forfeit the number of Shares
necessary in order to maintain a 20% ownership interest in the Company. 

        Section 2.6 Limitations on Transfer.    Buyer shall not assign, hypothecate, donate, encumber or otherwise dispose of any
interest in the Shares until 12 months following the completion of an initial business combination of the Company, except as otherwise permitted in the Company's registration statement or under
applicable securities law. 

        Section 2.7 Registration Rights.    In connection with the closing of the IPO, the Company and the Buyer shall enter into
an agreement granting the Buyer registration rights with respect to the Shares. 

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        Section 2.8 Further Assurances.    The parties hereto shall execute and deliver such additional documents and take such
additional actions as any party reasonably may deem to be practical and necessary in order to consummate the transactions contemplated by this Agreement. 

 
 

ARTICLE III
  REPRESENTATIONS AND WARRANTIES OF THE BUYER    
    

        Buyer represents and warrants to the Company that the statements contained in this ARTICLE III are correct and
complete as of the date of this Agreement. 

        Section 3.1 Organization and Good Standing.    Buyer is a limited partnership duly organized, validly existing, and in
good standing under the laws of the state of Texas. 

        Section 3.2 Power and Authority; Enforceability.    This Agreement constitutes the legal, valid, and binding obligation
of Buyer, enforceable against Buyer in accordance with its terms. Buyer has full entity power and authority to execute and deliver this Agreement and to perform its obligations hereunder. Buyer has
taken all actions necessary to authorize the execution and delivery of this Agreement, the performance of its obligations hereunder and the consummation of the transactions contemplated hereby. This
Agreement has been duly authorized, executed and delivered by, and is enforceable against, Buyer. 

        Section 3.3 Investment Representations.    

        (a)   Buyer
is an "accredited investor" as defined in Rule 501 of Regulation D under the Securities Act. 

        (b)   Buyer
has received, has thoroughly read, is familiar with and understands the contents of this Agreement. 

        (c)   Buyer
hereby acknowledges that an investment in the Shares involves certain significant risks. Buyer acknowledges that there is a substantial risk that it will lose all
or a portion of its investment and that it is financially capable of bearing the risk of such investment for an indefinite period of time. Buyer has no need for liquidity in its investment in the
Shares for the foreseeable future and is able to bear the risk of that investment for an indefinite period. Buyer understands that there presently is no public market for the Shares and none is
anticipated to develop in the foreseeable future. Buyer's present financial condition is such that Buyer is under no present or contemplated future need to dispose of any portion of the Shares
subscribed for hereby to satisfy any existing or contemplated undertaking, need or indebtedness. Buyer's overall commitment to investments which are not readily marketable is not disproportionate to
its net worth and the investment in the Company will not cause such overall commitment to become excessive. 

        (d)   Buyer
acknowledges that the Shares have not been and will not be registered under the Securities Act, or any state securities act, and are being sold on the basis of
exemptions from registration under the Securities Act and applicable state securities acts, except those state securities acts that require registration of the Shares thereunder. Reliance on such
exemptions, where applicable, is predicated in part on the accuracy of the Buyer's representations and warranties set forth herein. Buyer acknowledges and hereby agrees that the Shares will not be
transferable under any circumstances unless Buyer either registers the Shares in accordance with federal and state securities laws or finds and complies with an available exemption under such laws.
Accordingly, Buyer hereby acknowledges that there can be no assurance that it will be able to liquidate its investment in the Company. 

3

 

        (e)   There
are substantial risk factors pertaining to an investment in the Company. Buyer acknowledges that it has read the information set forth above regarding certain of
such risks and is familiar with the nature and scope of all such risks, including, without limitation, risks arising from the fact that the Company is an entity with limited operating history and
financial resources; and Buyer is fully able to bear the economic risks of such investment for an indefinite period, and can afford a complete loss thereof. 

        (f)    Buyer
has been given the opportunity to (i) ask questions of and receive answers from the Company and its designated representatives concerning the terms and
conditions of the offering, the Company and the business and financial condition of the Company and (ii) obtain any additional information that the Company possesses or can acquire without
unreasonable effort or expense that is necessary to assist Buyer in evaluating the advisability of the purchase of the Shares and an investment in the Company. Buyer further represents and warrants
that, prior to signing this Agreement, it has asked such questions, received such answers and obtained such information as it has deemed necessary or advisable to evaluate the merits and risks of the
purchase of the Shares and an investment in the Company. Buyer is not relying on any oral representation made by any person as to the Company or its operations, financial condition or prospects. 

        (g)   Buyer
understands that no federal, state or other governmental authority has made any recommendation, findings or determination relating to the merits of an investment
in the Company. 

 
 

ARTICLE IV
  REPRESENTATIONS AND WARRANTIES OF THE COMPANY    
    

        Section 4.1 Organization and Good Standing.    The Company is a corporation duly organized, validly existing, and in good
standing under the laws of the State of Delaware. 

        Section 4.2 Power and Authority; Enforceability.    This Agreement constitutes the legal, valid, and binding obligation
of the Company, enforceable against the Company in accordance with its terms. The Company has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder.
The Company has taken all actions necessary to authorize the execution and delivery of this Agreement, the performance of its obligations hereunder, and the consummation of the transactions
contemplated hereby. This Agreement has been duly authorized, executed, and delivered by, and is enforceable against, the Company. 

        Section 4.3 No Violation; Necessary Approvals.    Neither the execution and delivery of this Agreement by the Company,
nor the consummation or performance by the Company of any of transactions contemplated hereby, will: (a) with or without notice or lapse of time, constitute, create or result in a breach or
violation of, default under, loss of benefit or right under or acceleration of performance of any obligation required under any Law, Order, Contract or Permit to which the Company is a party or by
which it is bound or any of its assets are subject, or any provision of the Company's organizational documents as in effect on the Closing Date, (b) result in the imposition of any lien, claim
or encumbrance upon any assets owned by the Company; (c) require any Consent under any Contract or organizational document to which the Company is a party or by which it is bound; or
(d) require any Permit under any Law or Order other than (i) required filings, if any, with the SEC and (ii) notifications or other filings with state or federal regulatory
agencies after the Closing that are necessary or convenient and do not require approval of the agency as a condition to the validity of the transactions contemplated hereunder; or (e) trigger
any rights of first refusal, preferential purchase or similar rights with respect to any of the Shares. 

4

 

        Section 4.4 Authorization of the Shares.    The Shares have been duly authorized and, when issued in accordance with this
Agreement, the Shares will be duly and validly issued, fully paid and non-assessable shares of Common Stock and will be free and clear of all Liens and claims, other than restrictions on
transfer imposed by the Securities Act and applicable state securities laws. 

 
 

ARTICLE V
  MISCELLANEOUS    
    

        Section 5.1 Entire Agreement.    This Agreement, together with the certificates, documents, instruments and writings that
are delivered pursuant hereto, constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior understandings, agreements, or
representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. 

        Section 5.2 Successors.    All of the terms, agreements, covenants, representations, warranties, and conditions of this
Agreement are binding upon, and inure to the benefit of and are enforceable by, the parties hereto and their respective successors. 

        Section 5.3 Assignments.    Except as otherwise provided herein, no party hereto may assign either this Agreement or any
of its rights, interests, or obligations hereunder without the prior written approval of the other party. Any purported assignment in violation of this  Section 5.3 shall be void and ineffectual and
shall not operate to transfer or assign any interest or title to the purported assignee. 

        Section 5.4 Waiver of Jury Trial.    THE PARTIES HERETO EACH HEREBY AGREE TO WAIVE THEIR RESPECTIVE RIGHTS TO JURY TRIAL
OF ANY DISPUTE BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OTHER AGREEMENTS RELATING HERETO OR ANY DEALINGS AMONG THEM RELATING TO THE TRANSACTIONS. THE SCOPE OF THIS WAIVER IS INTENDED TO BE
ALL ENCOMPASSING OF ANY AND ALL ACTIONS THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THE TRANSACTIONS, INCLUDING, CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND
ALL OTHER COMMON LAW AND STATUTORY CLAIMS. THE PARTIES HERETO EACH ACKNOWLEDGE THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP AND THAT THEY WILL CONTINUE TO RELY ON
THE WAIVER IN THEIR RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER REPRESENTS AND WARRANTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT EACH KNOWINGLY AND VOLUNTARILY WAIVES
ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN, THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED ORALLY OR IN WRITING,
AND THE WAIVER WILL APPLY TO ANY AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING HERETO. IN THE EVENT OF AN ACTION, THIS AGREEMENT
MAY BE FILED AS A WRITTEN CONSENT TO TRIAL BY A COURT. 

        Section 5.5 Counterparts.    This Agreement may be executed in two or more counterparts, each of which will be deemed an
original but all of which together will constitute one and the same instrument. 

        Section 5.6 Headings.    The article and section headings contained in this Agreement are inserted for convenience only
and will not affect in any way the meaning or interpretation of this Agreement. 

5

 

        Section 5.7 Governing Law.    This Agreement, the entire relationship of the parties hereto, and any litigation between
the parties (whether grounded in contract, tort, statute, law or equity) shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State of Delaware, without
giving effect to its choice of laws principles. 

        Section 5.8 Amendments.    This Agreement may not be amended, modified or waived as to any particular provision, except
by a written instrument executed by all parties hereto. 

        Section 5.9 Severability.    The provisions of this Agreement will be deemed severable and the invalidity or
unenforceability of any provision will not affect the validity or enforceability of the other provisions hereof; provided that if any provision of this Agreement, as applied to any party hereto or to
any circumstance, is adjudged by a Governmental Body, arbitrator, or mediator not to be enforceable in accordance with its terms, the parties hereto agree that the Governmental Body, arbitrator, or
mediator making such determination will have the power to modify the provision in a manner consistent with its objectives such that it is enforceable, and/or to delete specific words or phrases, and
in its reduced form, such provision will then be enforceable and will be enforced. 

        Section 5.10 Expenses.    Except as otherwise expressly provided in this Agreement, each party hereto will bear its own
costs and expenses incurred in connection with the preparation, execution and performance of this Agreement and the consummation of the transactions contemplated hereby, including all fees and
expenses of agents, representatives, financial advisors, legal counsel and accountants. 

        Section 5.11 Construction.    The parties hereto have participated jointly in the negotiation and drafting of this
Agreement. If an ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption or burden of proof will arise
favoring or disfavoring any party hereto because of the authorship of any provision of this Agreement. Any reference to any federal, state, local, or foreign Law will be deemed also to refer to Law as
amended and all rules and regulations promulgated thereunder, unless the context requires otherwise. The words "include,"
"includes," and "including" will be deemed to be followed by "without
limitation." Pronouns in masculine, feminine, and neuter genders will be construed to include any other gender, and words in the singular form will be construed to include the
plural and vice versa, unless the context otherwise requires. The words "this Agreement," "herein,"
"hereof," "hereby," "hereunder," and words of similar
import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. The parties hereto intend that each representation, warranty, and covenant contained herein
will have independent significance. If any party hereto has breached any representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation,
warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity) which such party hereto has not breached will not detract from or mitigate the fact that
such party hereto is in breach of the first representation, warranty, or covenant. 

        Section 5.12 Waiver.    No waiver by any party hereto of any default, misrepresentation, or breach of warranty or
covenant hereunder, whether intentional or not, may be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty or covenant hereunder or affect in any way any
rights arising because of any prior or subsequent occurrence. 

[Signature Page Follows] 

6

IN WITNESS WHEREOF, the undersigned have executed this Agreement to be effective as of the date first set forth above. 

	 	 	COMPANY:
	

 	
 	
CAPSTAR ACQUISITION CORP.
	

 	
 	

By:	

/s/  JOHN D. CULLEN      

	 	 	 	Name: John D. Cullen
	 	 	 	Title: President
	

 	
 	
BUYER:
	

 	
 	
CAPSTAR ACQUISITION MANAGEMENT, LP
	

 	
 	

 	

 	

By:	

Capstar Acquisition Management, GP, LLC, its general partner
	

 	
 	

 	

 	

By:	

/s/  R. STEVEN HICKS      

	 	 	 	 	 	Name: R. Steven Hicks
	 	 	 	 	 	Title: Authorized Signatory

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Exhibit 10.7

STOCK PURCHASE AGREEMENT

RECITALS

AGREEMENT

ARTICLE I. DEFINITIONS

ARTICLE II PURCHASE OF SHARES

ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE BUYER

ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE COMPANY

ARTICLE V MISCELLANEOUS

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