Document:

Form of Letter Agreement

 Exhibit 10.1 
 [Form of Letter Agreement for Resource America, Inc.] 
 [            ], 2008 
 RAI Acquisition Corp. 
 One Crescent Drive, Suite 203 
 Navy Yard Corporate Center 
 Philadelphia, PA 19112 
 J.P. Morgan Securities Inc. 
 As Representative of the several Underwriters 
 277 Park Avenue, 8th Floor

 New York, New York 10172 
 Re: Initial
Public Offering of RAI Acquisition Corp. 
 Ladies and Gentlemen: 
 This letter is being delivered to you in accordance with the Underwriting Agreement dated as of [            ], 2008 (the “Underwriting
Agreement”), by and between RAI Acquisition Corp., a Delaware corporation (the “Company”), and J.P. Morgan Securities Inc. (“JPMorgan”), as representative of the underwriters named in Schedule I thereto
(the “Underwriters”), relating to an underwritten initial public offering (the “Initial Public Offering”) of the Company’s units (the “Units”), each consisting of one share of the
Company’s common stock, par value $0.0001 per share (the “Common Stock”), and one warrant (a “Warrant”) entitling the holder thereof to purchase one share of Common Stock. 
 The undersigned, Resource America, Inc., a Delaware corporation (the “Sponsor”), (i) has purchased from the Company 4,312,500
shares of Common Stock and then sold an aggregate of 150,000 of its shares of Common Stock to Walter T. Beach, R. Randle Scarborough and Joel R. Mesznik, leaving it with 4,162,500 shares of Common Stock (the “Sponsor Shares”)
pursuant to a Stock Purchase Agreement dated as of December 28, 2007 and (ii) will purchase 6,000,000 Warrants (the “Sponsor Warrants”) pursuant to a Private Placement Warrant Subscription Agreement dated as of
January 4, 2008. The terms of the Warrants are set forth in the Warrant Agreement dated as of [            ], 2008 (the “Warrant Agreement”), by and between the
Company and American Stock Transfer & Trust Company. 
 In order to induce the Company and the Underwriters to enter into the
Underwriting Agreement and to proceed with the Initial Public Offering, and in recognition of the benefit that such Initial Public Offering will confer upon the Sponsor as a stockholder of the Company, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Sponsor hereby agrees with the Company as follows: 
 1. Approval of
Business Combination. The Sponsor agrees that in connection with any vote of the stockholders of the Company on a proposed Business Combination (as defined in the Company’s Amended and Restated Certificate of Incorporation in effect on the
date hereof (the “Certificate of Incorporation”)) and the related amendment to the Certificate of Incorporation 

 
providing for the Company’s perpetual existence following the consummation of the Business Combination, it will vote (i) its Sponsor Shares in
accordance with the majority of votes cast by the holders of shares of Common Stock included in the Units issued in the Initial Public Offering (the “IPO Shares”) and (ii) all other shares of the Company’s Common Stock
that it may acquire in or following completion of the Initial Public Offering in favor of such proposed Business Combination and such amendment to the Certificate of Incorporation. 
 2. Waiver of Claims. The Sponsor hereby waives any and all right, title, interest or claim of any kind in or to any distributions as a result of
the liquidation of the Company with respect to its Sponsor Shares. In addition, the Sponsor hereby waives any right, title, interest or claim of any kind in respect of any monies in the Trust Account (as defined in the Certificate of Incorporation)
the Sponsor 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 or make any claim against the Trust Account for any reason whatsoever; provided that the foregoing
waiver shall not apply in respect of any rights or claims the Sponsor may have as a result of holding IPO Shares. 
 3. Execution of a
Stock Escrow Agreement. The Sponsor hereby agrees to execute simultaneously with the execution of the Underwriting Agreement a stock escrow agreement among the Founders (as defined in the Underwriting Agreement), the Company and American Stock
Transfer & Trust Company (the “Stock Escrow Agreement”), pursuant to which the Sponsor agrees to deposit its Sponsor Shares and its Sponsor Warrants until this end of the applicable Escrow Period (as defined below),
provided, however, that at the end of the 30-day period in which the Underwriters may exercise their over-allotment option to purchase an additional 3,750,000 Units of the Company, the Company shall give the escrow agent notice with respect to the
amount, if any, of the over-allotment that was exercised by the Underwriters and, upon such, for a price of $0.0035 per share, such number of Sponsor Shares as directed by the Company in writing, such that the aggregate number of shares of Common
Stock held by the Founders after the Initial Public Offering will be equal to 20% of the outstanding Common Stock of the Company. 
 “Escrow Period” means the period ending (a) with respect to the Sponsor Shares, one year after the date of the completion of a Business Combination or earlier if, after the Business Combination, the closing price of
the Common Stock equals or exceeds $14.25 per share for any 20 trading days within any 30-trading day period or the Company consummates a subsequent liquidation, merger, share exchange or other similar transaction which results in all of its
stockholders having the right to exchange their shares of Common Stock for cash, securities or other property and (b) with respect to the Sponsor Warrants, on the date of completion of the Business Combination. 
 4. Transfer Restrictions. The Sponsor will not assign, alienate, pledge, attach, sell or otherwise transfer or encumber, or enter into an
agreement to do any of the foregoing (each, a “transfer”), directly or indirectly, any Sponsor Shares or Sponsor Warrants that it currently owns, other than to a Permitted Transferee (as defined below) until the end of the
applicable Escrow Period. However, if (i) during the last 17 days of the applicable Escrow Period, the Company issues material news or a material event relating to the Company occurs or (ii) before the expiration of the applicable Escrow Period, the
Company announces that material news or a material event will occur during the 16-day period beginning on the last day of the applicable Escrow Period, such transfer restrictions will be extended for up to 18 days beginning on the issuance of the
material news or the occurrence of the material event. Any transfers of such securities to a Permitted Transferee will be made in accordance with applicable securities laws. Any transfer of securities pursuant to this Paragraph 3 after the date
hereof will be subject to the condition that the Permitted Transferee has agreed in writing to be bound by the terms of Paragraphs 1, 2 and 4 hereof and to become a party to the Stock Escrow Agreement and, if the transferred securities are Sponsor
Warrants, to the Warrant Agreement. 

 “Permitted Transferee” means (i) the Company’s officers or directors or any
affiliates or family members of any of its officers or directors; (ii) a member of an existing holder’s immediate family or a trust (the beneficiary of which is a member of the existing holder’s immediate family, an affiliate of the
existing holder or a charitable organization) or a charitable organization, who in each case receives such Sponsor Shares or Sponsor Warrants as a gift; (iii) any person who receives such Sponsor Shares or Sponsor Warrants by virtue of the laws
of descent and distribution upon death of the existing holder; or (iv) any person who receives such Sponsor Shares or Sponsor Warrants pursuant to a qualified domestic relations order. 
 5. Limitation on Compensation. (a) Neither the Sponsor nor any affiliate of the Sponsor has been or will be entitled to receive, and no such
person has accepted or will accept, a finder’s fee, consulting fee or any other compensation from the Company for services rendered in any capacity to the Company prior to or in connection with the consummation of a Business Combination, other
than (i) reimbursement for out-of-pocket expenses incurred in connection with activities on behalf of the Company and subject to approval of the Company’s board of directors, (ii) repayment of the loan in the amount of $100,000 made
to the Company by the Sponsor for payment of offering-related and organizational expenses and (iii) pursuant to the letter agreement dated as of the date hereof, between the Company and the Sponsor, relating to the provision of administrative
services to the Company. 
 (b) Neither the Sponsor nor any affiliate of the Sponsor will accept a finder’s fee, consulting fee or any
other compensation or fees from any other entity in connection with a Business Combination, other than compensation or fees that may be received for any services provided following such Business Combination. 
 6. Indemnification. The Sponsor agrees to indemnify and hold harmless the Company against any and all loss, liability, claims, damage and expense
whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened, or any claim whatsoever) (collectively,
“Damages”) to which the Company may become subject as a result of any claim by any (a) vendor or service provider who is owed money by the Company for services rendered (including financing) or products sold to the Company and
(b) acquisition target, but in each case only to the extent (i) such vendor, service provider, or acquisition target has not executed a waiver of rights or claims to the Trust Account, and (ii) necessary to ensure that such Damages do
not reduce the amount in the Trust Account (or, in the event that such claim arises after the distribution of the Trust Account, to the extent necessary to ensure that the Company’s former stockholders are not liable for any amount of such
Damages). For avoidance of doubt, the foregoing indemnification obligation of the undersigned shall not apply to claims under the Company’s indemnification of the Underwriters of the offering (including, without limitation, the
Underwriters) against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). 
 7. Liquidation. In the case of the Company’s dissolution and liquidation, the Sponsor understands that the Company expects that all costs and expenses associated with implementing 

 
the Company’s plan of distribution as well as payments to any creditors, will be funded from amounts remaining out of the $80,000 of proceeds from the
Initial Public Offering held outside the Trust Account and from up to $3,850,000 in interest income on the balance of the Trust Account that will be released to the Company to fund its working capital requirements. The Sponsor hereby agrees that if
those funds are not sufficient to cover the costs and expenses of dissolution and liquidation of the Company, the Sponsor will provide the Company with up to $100,000 to pay for fees and expenses of dissolution and liquidation and will not seek
repayment of such expenses. 
 8. Representations and Warranties. The Sponsor represents and warrants that: 
 (a) Except as described in the Registration Statement on Form S-1 relating to the Initial Public Offering, there are no claims, payments, arrangements,
contracts, agreements or understandings relating to the payment of a brokerage commission or finder’s, consulting, origination or similar fee by the Sponsor with respect to the sale of the securities pursuant to the Underwriting Agreement or
any other arrangements, agreements or understandings by the Sponsor that may affect the Underwriters’ compensation pursuant to the Underwriting Agreement; 
 (b) It 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; 
 (c) It 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 the Sponsor is not currently a defendant in any such criminal proceeding; 
 (d) It has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities
license or registrations denied, suspended or revoked; and 
 (e) It has full right and power, without violating any agreement by which it is
bound, to enter into this letter agreement. 
 The Sponsor acknowledges and understands that the Company and the Underwriters will rely upon
the agreements, representations and warranties set forth herein in proceeding with the Initial Public Offering. Nothing contained herein shall be deemed to render the Underwriters representatives of, or fiduciaries with respect to, the Company, its
stockholders, or any creditor or vendor of the Company with respect to the subject matter hereof. 
 This letter agreement shall be binding
on the Sponsor and its successors and assigns. This letter agreement shall terminate on the earlier of (i) the consummation of a Business Combination and (ii) the liquidation date; provided that such termination shall not relieve
the Sponsor from liability for any breach of this letter agreement prior to its termination, and provided further that paragraphs 2 of this letter agreement shall survive a termination pursuant to clause (ii), paragraph 4 of this letter agreement
shall survive until the end of the applicable Escrow Period, and paragraph 5 of this letter agreement shall survive any termination of this letter agreement. 

 This letter agreement constitutes the entire agreement and understanding between the parties with respect
to the subject matter hereof and supersedes all prior agreements and understandings (whether written or oral) between the parties relating to such subject matter. None of the parties shall be liable or bound to any other party in any manner by any
representations and warranties or covenants relating to such subject matter except as specifically set forth herein. 
 This letter agreement
shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania, without regard to the principles of conflicts of laws thereof. 
 No term or provision of this letter agreement may be amended, changed, waived, altered or modified except by written instrument executed and delivered by the party against whom such amendment, change, waiver,
alteration or modification is to be enforced. 
  

			
	RESOURCE AMERICA, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	Accepted and agreed:
	
	RAI ACQUISITION CORP.
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	J.P. Morgan Securities Inc.
		
	By:	 	  

	Name:	 	
	Title:	 	

 [RAI Acquisition Corp. Insider Letter for Resource America, Inc.]Form of Stock Escrow Agreement

 Exhibit 10.2 
 FORM OF 
 STOCK ESCROW AGREEMENT 
 This STOCK ESCROW AGREEMENT, dated as of             , 2008 (the
“Agreement”) is entered into by and among RAI Acquisition Corp., a Delaware corporation (“Company”), the undersigned parties listed as Initial Stockholders on the signature page hereto (collectively, the
“Initial Stockholders”) and American Stock Transfer & Trust Company, a New York corporation (“Escrow Agent”). 
 WHEREAS, the Company has entered into an Underwriting Agreement, dated             , 2008 (the “Underwriting Agreement”) with
J.P. Morgan Securities Inc. (“JPMorgan”) acting as representative of the several underwriters (collectively, the “Underwriters”), pursuant to which, among other matters, the Underwriters have agreed to purchase
25,000,000 units (not including the Underwriters’ over-allotment option) (the “Units”) of the Company, with each Unit consisting of one share of the Company’s common stock, par value $.0001 per share (the “Common
Stock”), and one warrant (“Warrant”), with each Warrant being exercisable to purchase one share of Common Stock, all as more fully described in the Company’s final prospectus, dated
            , 2008 (“Prospectus”) comprising part of the Company’s Registration Statement on Form S-1 (File No. 333-148491) (as amended, the
“Registration Statement”) under the Securities Act of 1933, as amended, declared effective on             , 2008 (the “Effective Date”); 

WHEREAS, the Initial Stockholders have agreed as a condition of the Underwriters’ obligation to purchase the Units pursuant to the
Underwriting Agreement and to offer them to the public to (i) deposit all of their shares of Common Stock of the Company, as set forth opposite their respective names in Exhibit A attached hereto (collectively, the “Escrow Common
Shares”), and (ii) deposit the 6,000,000 Warrants Resource America, Inc. has agreed to purchase from the Company at a price of $1.00 per warrant in a private placement pursuant to a warrant agreement between the Company and Escrow
Agent as trustee thereunder (the “Warrant Agreement”) immediately before the completion of the offering (collectively, the “Escrow Warrants”, and together with the Escrow Common Shares, the “Escrow
Securities”), in escrow as hereinafter provided; and 
 WHEREAS, the Company and the Initial Stockholders desire that the
Escrow Agent accept the Escrow Securities, in escrow, to be held and disbursed as hereinafter provided. 
 NOW, THEREFORE, in
consideration of the foregoing, of the mutual agreements herein contained, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company, each Initial Stockholder and the Escrow Agent hereby
agree as follows: 
 1. Appointment of Escrow Agent. The Company and the Initial Stockholders hereby appoint the Escrow Agent to act in
accordance with and subject to the terms of this Agreement and the Escrow Agent hereby accepts such appointment and agrees to act in accordance with and subject to such terms. 
  

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 2. Deposit of Escrow Securities. On or before the Effective Date, each of the Initial Stockholders
shall have delivered to the Escrow Agent certificates representing their respective Escrow Securities as set forth opposite their respective names on Exhibit A hereto, which certificates shall remain in the name of such Initial Stockholder or in the
name of such Initial Stockholder’s Permitted Transferee (as defined below), to be held and disbursed subject to the terms and conditions of this Agreement. Each Initial Stockholder acknowledges that the certificate representing such Initial
Stockholder’s Escrow Securities bears a legend to reflect the deposit of such Escrow Securities under this Agreement. 
 3.
Disbursement of the Escrow Securities. The Escrow Agent shall hold the Escrow Shares until the date that is one year after the consummation of a Business Combination (as such term is defined in the Amended and Restated Certificate of
Incorporation as in effect on the date hereof) and the Escrow Warrants until the completion of a Business Combination (each such period, an “Escrow Period”), on which date it shall, upon written instructions from each Initial
Stockholder, disburse each of the Initial Stockholder’s Escrow Securities to such Initial Stockholder; provided, however, that at the end of the 30-day period in which the Underwriters may exercise their over-allotment option to purchase
an additional 3,750,000 Units of the Company (as described in the Registration Statement), the Company shall give the Escrow Agent notice with respect to the amount, if any, of the over-allotment that was exercised by the Underwriters and, upon such
notice, the Initial Shareholders agree that the Escrow Agent shall return to the Company for cancellation, at no cost, such number of Units as directed by the Company in writing, provided further, however, that if the Escrow Agent is notified
by the Company pursuant to Section 6.7 hereof that the Company is being liquidated at any time during each Escrow Period, then the Escrow Agent shall promptly destroy the certificates representing the Escrow Securities; and, provided
further, that if, after the Company consummates a Business Combination, (i) it (or the surviving entity) consummates a liquidation, merger, stock exchange or other similar transaction which results in all of its stockholders, or the
stockholders of the surviving entity, having the right to exchange their shares of Common Stock for cash, securities or other property or (ii) the closing price of the Common Stock equals or exceeds $14.25 per share for any 20 trading days
within any 30-trading day period, then the Escrow Agent will, upon receipt of written notice from the Company that such a transaction has occurred (in the case of (i)) or such condition has been met (in the case of (ii)), release the Escrow Common
Shares to the Initial Stockholders. The Escrow Agent shall have no further duties hereunder after the disbursement or destruction of the Escrow Securities in accordance with this Section 3. 
 4. Rights of Initial Stockholders in Escrow Securities. 
 4.1 Voting Rights as a Stockholder. Subject to the terms of the Insider Letter described in Section 4.4 hereof and except as herein provided, the Initial Stockholders shall retain all of their rights as
stockholders of the Company during each Escrow Period, including, without limitation, the right to vote the Escrow Common Shares. 
 4.2
Dividends and Other Distributions in Respect of the Escrow Securities. During each Escrow Period, all dividends payable in cash with respect to the Escrow Securities 

  

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shall be paid to the Initial Stockholders, but all dividends or other distributions made by the Company during the Escrow Period payable in shares of Common
Stock or other non-cash property (“Non-Cash Dividends”) shall be delivered to the Escrow Agent to hold in accordance with the terms hereof. As used herein, the term “Escrow Securities” shall be deemed to include the
Non-Cash Dividends distributed thereon, if any. 
 4.3 Restrictions on Transfer. During each Escrow Period, no sale, transfer or other
disposition may be made of any or all of the Escrow Securities except to permitted transferees which includes: (i) the Company’s officers or directors or any affiliates or family members of any of its officers or directors; (ii) a
member of an Initial Stockholder’s immediate family or a trust (the beneficiary of which is a member of the Initial Stockholder’s immediate family, an affiliate of the Initial Stockholder or a charitable organization) or a charitable
organization, who in each case receives such Escrow Securities as a gift; (iii) any person who receives such Escrow Securities by virtue of the laws or descent and distribution upon death of the Initial Stockholder; or (iv) any person who
receives such Escrow Securities pursuant to a qualified domestic relations order (each such transferee, a “Permitted Transferee”); provided, however, that such permissive transfers may be implemented only upon the respective
transferee’s written agreement to be bound by the terms and conditions of this Agreement and of the Insider Letter and Warrant Agreement signed by the Initial Stockholder transferring the Escrow Securities. During each Escrow Period, the
Initial Stockholders shall not pledge or grant a security interest in the Escrow Securities or grant a security interest in their rights under this Agreement. 
 4.4 Insider Letters. Each of the Initial Stockholders has executed a letter agreement with JPMorgan, acting as representative of the Underwriters, and the Company, the form of which is filed as an exhibit to
the Registration Statement, regarding the rights and obligations of such Initial Stockholder in certain events described therein, including, without limitation, upon the liquidation of the Company (such letter agreement, the “Insider
Letter”). 
 4.5 Escrow Warrants. Resource America, Inc. acknowledges that the Escrow Warrants are subject to the
restrictions on exercise and transfer during the Escrow Period as specified in the Warrant Agreement. 
 5. Concerning the Escrow
Agent. 
 5.1 Good Faith Reliance. The Escrow Agent shall not be liable for any action taken or omitted by it in good faith and in
the exercise of its own best judgment, and 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 Escrow Agent), 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 Escrow Agent to be genuine
and to be signed or presented by the proper person or persons. The Escrow Agent shall not be bound by any notice or demand, or any waiver, modification, termination or rescission of this Agreement unless evidenced by a writing delivered to the
Escrow Agent signed by the proper party or parties and, if the duties or rights of the Escrow Agent are affected, unless it shall have given its prior written consent thereto. 
  

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 5.2 Indemnification. The Escrow Agent shall be indemnified and held harmless by the Company from
and against any expenses, including counsel fees and disbursements, or loss suffered by the Escrow Agent in connection with any action, suit or other proceeding involving any claim which in any way, directly or indirectly, arises out of or relates
to this Agreement, the services of the Escrow Agent hereunder, or the Escrow Securities held by it hereunder, other than expenses or losses arising from the gross negligence or willful misconduct of the Escrow Agent. Promptly after the receipt by
the Escrow Agent of notice of any demand or claim or the commencement of any action, suit or proceeding, the Escrow Agent shall notify the other parties hereto in writing. In the event of the receipt of such notice, the Escrow Agent, in its sole
discretion, may commence an action in the nature of interpleader in an appropriate court to determine ownership or disposition of the Escrow Securities or it may deposit the Escrow Securities with the clerk of any appropriate court or it may retain
the Escrow Securities pending receipt of a final, non-appealable order of a court having jurisdiction over all of the parties hereto directing to whom and under what circumstances the Escrow Securities are to be disbursed and delivered. The
provisions of this Section 5.2 shall survive in the event the Escrow Agent resigns or is discharged pursuant to Sections 5.5 or 5.6 below. 
 5.3 Compensation. The Escrow Agent shall be entitled to reasonable compensation from the Company for all services rendered by it hereunder, as set forth on Exhibit B hereto. The Escrow Agent shall also be entitled to
reimbursement from the Company for all expenses paid or incurred by it in the administration of its duties hereunder including, but not limited to, all counsel, advisors’ and agents’ fees and disbursements and all taxes or other
governmental charges. 
 5.4 Further Assurances. From time to time on and after the date hereof, the Company and the Initial
Stockholders shall deliver or cause to be delivered to the Escrow Agent such further documents and instruments and shall do or cause to be done such further acts as the Escrow Agent shall reasonably request to carry out more effectively the
provisions and purposes of this Agreement, to evidence compliance herewith or to assure itself that it is protected in acting hereunder. 
 5.5 Resignation. The Escrow Agent may resign at any time and be discharged from its duties as escrow agent hereunder by its giving the other parties hereto written notice and such resignation shall become effective as hereinafter
provided. Such resignation shall become effective at such time that the Escrow Agent shall turn over the Escrow Securities held hereunder to a successor escrow agent appointed by the Company. If no new escrow agent is so appointed within the 60 day
period following the giving of such notice of resignation, the Escrow Agent may deposit the Escrow Securities with a State or Federal court located in New York County, New York, provided the Escrow Agent provides notice of such deposit to the
Company and the Initial Stockholders in accordance with Section 6.7 hereof. 
 5.6 Discharge of Escrow Agent. The Escrow Agent
shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly; provided, however, that such resignation shall become effective only upon the appointment by
a successor escrow agent as provided for in Section 5.5. 
  

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 5.7 Liability. Notwithstanding anything herein to the contrary, the Escrow Agent shall not be
relieved from liability hereunder for its own gross negligence or its own willful misconduct. 
 5.8 Waiver. The Escrow Agent hereby
waives any and all right, title, interest or claim of any kind (each, a “Claim”) in or to any distribution of the Trust Account (as defined in that certain Investment Management Trust Agreement, dated as of the date hereof, by and
between the Company and the Escrow Agent as trustee thereunder), and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the Trust Account for any reason whatsoever. 
 6. Miscellaneous. 
 6.1 Governing
Law. This Agreement shall for all purposes be deemed to be made under and shall be construed in accordance with the laws of the State of New York. Each of the parties hereby agrees that any action, proceeding or claim against it arising out of
or relating in any way to this Agreement shall be brought and enforced in the courts of the State of New York located in New York County or the United States District Court for the Southern District of New York, and irrevocably submits to such
jurisdiction, which jurisdiction shall be exclusive. Each of the parties hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. 
 6.2 Third Party Beneficiaries. Each of the Initial Stockholders hereby expressly acknowledges and agrees that the Underwriters are third party
beneficiaries of this Agreement and this Agreement may not be modified, amended or changed without the prior written consent of JPMorgan. 
 6.3 Entire Agreement. This Agreement contains the entire agreement of the parties hereto with respect to the subject matter hereof and, except as expressly provided herein, may not be changed or modified except by an instrument in
writing signed by the party to be charged. 
 6.4 Headings. The headings contained in this Agreement are for reference purposes only
and shall not affect in any way the meaning or interpretation thereof. 
 6.5 Binding Effect. This Agreement shall be binding upon and
inure to the benefit of the respective parties hereto and their legal representatives, successors and assigns. 
 6.6 Notices. Any
notice or other communication required or which may be given hereunder shall be in writing and either be delivered personally or by private national courier service, or be mailed, certified or registered mail, return receipt requested, postage
prepaid or via facsimile, and shall be deemed given when so delivered personally or, if sent by private national courier service, on the next business day after delivery to the courier, or, if mailed, two business days after the date of mailing, or
if sent via facsimile, the next business day after transmission of the facsimile, as follows: 
  

 5 

 If to the Company, to: 
 RAI Acquisition Corp. 
 One Crescent Drive, Suite 203 
 Navy Yard Corporate Center 
 Philadelphia, PA
19112 
 Attention: Secretary 
 Fax No.: (215) 465-0600 
 If to a Stockholder, to his, her or its address set forth in Exhibit A. 
 and if to the Escrow Agent, to: 
 American
Stock Transfer & Trust Company 
 59 Maiden Lane, Plaza Level 
 New York, New York 10038 
 Attn: Herbert
Lemmer 
 Fax No.: (718) 331-1852 
 A copy of any notice sent hereunder shall be sent to: 
 Cleary Gottlieb Steen & Hamilton LLP 
 One Liberty Plaza 
 New York, New York 10006

 Attn: Raymond B. Check, Esq. 
 Fax: (212) 225-3999 
 and 
 Ledgewood, P.C. 
 1900 Market Street, Suite 750 
 Philadelphia, Pennsylvania 19103 
 Attn: J. Baur Whittlesey, Esq. 
 Fax: (215) 735-2513 
 and 
 J.P. Morgan Securities Inc. 
 277 Park Avenue,
8th Floor 
 New York, New York 10172 
 Fax No.: (917) 546-2619 
 The parties may change the persons and addresses to which the notices or other communications are to
be sent by giving written notice to any such change in the manner provided herein for giving notice. 
  

 6 

 6.7 Liquidation of Company. The Company shall give the Escrow Agent written notification of the
liquidation and dissolution of the Company in the event that the Company fails to consummate a Business Combination within the time period(s) specified in the Prospectus. 
 6.8 Counterparts. This Agreement may be executed in several counterparts each one of which shall constitute an original and may be delivered by facsimile transmission and together shall constitute one
instrument. 
 [Signature Page Follows] 
  

 7 

 IN WITNESS WHEREOF, this Stock Escrow Agreement has been duly executed by the parties hereto as of
the day and year first above written. 
  

			
	RAI ACQUISITION CORP.
		
	By:	 	  

	Name:	 	
	Title:	 	
		
		 	  
 Jonathan Z. Cohen, as Initial Stockholder

		
		 	  
 Edward E. Cohen, as Initial
Stockholder

		
		 	  
 Jeffrey F. Brotman, as Initial Stockholder

		
		 	  
 Steven J. Kessler, as Initial Stockholder

		
		 	  
 Thomas C. Elliott, as Initial Stockholder

		
		 	  
 Jeffrey D. Blomstrom, as Initial Stockholder

		
		 	  
 Christopher D. Allen, as Initial Stockholder

		
		 	  
 Shivan Govindan, as Initial
Stockholder

		
		 	  
 Gretchen Bergstresser, as Initial
Stockholder

		
		 	  
 Alan F. Feldman, as Initial
Stockholder

		
		 	  
 Kevin Finkel, as Initial
Stockholder

 Signature Page to RAI Acquisition Corp. Stock Escrow Agreement 
  

 8 

			
		
		 	  
 Michael S. Yecies, as Initial Stockholder

		
		 	  
 David E. Bloom, as Initial
Stockholder

		
		 	  
 Darshan V. Patel, as Initial Stockholder

		
		 	  
 Walter T. Beach, as Initial
Stockholder

		
		 	  
 R. Randle Scarborough, as Initial
Stockholder

		
		 	  
 Joel R. Mesznik, as Initial
Stockholder

	
	RESOURCE AMERICA, INC., as Initial Stockholder
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	AMERICAN STOCK TRANSFER & TRUST COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	

 Signature Page to RAI Acquisition Corp. Stock Escrow Agreement 
  

 9 

 EXHIBIT A 
  

					
	 Name and Address of Initial
 Stockholder
	  	 Number of
Shares
	  	 Stock
Certificate Number

	Resource America, Inc.	  	4,162,500	  	16
	One Crescent Drive, Suite 203	  	  
	Navy Yard Corporate Center	  	  
	Philadelphia, PA 19112	  	  
			
	Jonathan Z. Cohen	  	862,500	  	2
	c/o Resource America, Inc.	  	  
	One Crescent Drive, Suite 203	  	  
	Navy Yard Corporate Center	  	  
	Philadelphia, PA 19112	  	  
			
	Edward E. Cohen	  	373,750	  	3
	c/o Resource America, Inc.	  	  
	One Crescent Drive, Suite 203	  	  
	Navy Yard Corporate Center	  	  
	Philadelphia, PA 19112	  	  
			
	Jeffrey F. Brotman	  	316,250	  	4
	c/o Resource America, Inc.	  	  
	One Crescent Drive, Suite 203	  	  
	Navy Yard Corporate Center	  	  
	Philadelphia, PA 19112	  	  
			
	Steven J. Kessler	  	57,500	  	13
	c/o Resource America, Inc.	  	  
	One Crescent Drive, Suite 203	  	  
	Navy Yard Corporate Center	  	  
	Philadelphia, PA 19112	  	  
			
	Thomas C. Elliott	  	143,750	  	7
	c/o Resource America, Inc.	  	  
	One Crescent Drive, Suite 203	  	  
	Navy Yard Corporate Center	  	  
	Philadelphia, PA 19112	  	  
			
	Jeffrey D. Blomstrom	  	316,250	  	6
	c/o Resource America, Inc.	  	  
	One Crescent Drive, Suite 203	  	  
	Navy Yard Corporate Center	  	  
	Philadelphia, PA 19112	  	  

  

 10 

					
	Christopher D. Allen	  	316,250	  	5
	c/o Resource America, Inc.	  	  
	One Crescent Drive, Suite 203	  	  
	Navy Yard Corporate Center	  	  
	Philadelphia, PA 19112	  	  
			
	Shivan Govindan	  	71,875	  	8
	c/o Resource America, Inc.	  	  
	One Crescent Drive, Suite 203	  	  
	Navy Yard Corporate Center	  	  
	Philadelphia, PA 19112	  	  
			
	Gretchen Bergstresser	  	71,875	  	9
	c/o Resource America, Inc.	  	  
	One Crescent Drive, Suite 203	  	  
	Navy Yard Corporate Center	  	  
	Philadelphia, PA 19112	  	  
			
	Alan F. Feldman	  	86,250	  	10
	c/o Resource America, Inc.	  	  
	One Crescent Drive, Suite 203	  	  
	Navy Yard Corporate Center	  	  
	Philadelphia, PA 19112	  	  
			
	Kevin Finkel	  	71,875	  	11
	c/o Resource America, Inc.	  	  
	One Crescent Drive, Suite 203	  	  
	Navy Yard Corporate Center	  	  
	Philadelphia, PA 19112	  	  
			
	Michael S. Yecies	  	57,500	  	15
	c/o Resource America, Inc.	  	  
	One Crescent Drive, Suite 203	  	  
	Navy Yard Corporate Center	  	  
	Philadelphia, PA 19112	  	  
			
	David E. Bloom	  	71,875	  	12
	c/o Resource America, Inc.	  	  
	One Crescent Drive, Suite 203	  	  
	Navy Yard Corporate Center	  	  
	Philadelphia, PA 19112	  	  
			
	Darshan V. Patel	  	57,500	  	14
	c/o Resource America, Inc.	  	  
	One Crescent Drive, Suite 203	  	  
	Navy Yard Corporate Center	  	  
	Philadelphia, PA 19112	  	  
			
	Walter T. Beach	  	50,000	  	 17

	c/o Resource America, Inc.	  	  
	One Crescent Drive, Suite 203	  	  
	Navy Yard Corporate Center	  	  
	Philadelphia, PA 19112	  	  
			
	R. Randle Scarborough	  	50,000	  	 18

	c/o Resource America, Inc.	  	  
	One Crescent Drive, Suite 203	  	  
	Navy Yard Corporate Center	  	  
	Philadelphia, PA 19112	  	  
			
	Joel R. Mesznik	  	50,000	  	 19

	c/o Resource America, Inc.	  	  
	One Crescent Drive, Suite 203	  	  
	Navy Yard Corporate Center	  	  
	Philadelphia, PA 19112	  	  

  

 11 

 EXHIBIT B 
 Escrow Agent Fees 
 $             annually for
acting agent escrow fee. 
 Initial acceptance fee and first year agent fee to be paid at closing. 
  

 12

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