Document:

exv10w1

Exhibit 10.1

SECOND AMENDED AND RESTATED SPONSOR SUPPORT AGREEMENT

     This
Agreement (this “Agreement”) is entered into as of
August 13, 2009, by and between
Hayground Cove Asset Management LLC, a Delaware Limited Liability Company (“HCAM”) and
Global Consumer Acquisition Corp., a Delaware Corporation (“GCAC”), and amends and restates
in its entirety that certain Amended and Restated Sponsor Support Agreement, dated as of July 28,
2009, by and between HCAM and GCAC.

     WHEREAS, GCAC has entered into (i) a Merger Agreement (the “1st Commerce Merger
Agreement”), with WL Interim Bank, a Nevada corporation (“1st Commerce Merger Sub”),
1st Commerce Bank, a Nevada-chartered non-member bank (“1st Commerce Bank”), Capitol
Development Bancorp Limited V, a Michigan corporation (“Capitol Development”) and Capitol
Bancorp Limited, a Michigan corporation, which provides for the merger (the “Merger”) of
1st Commerce Merger Sub with and into 1st Commerce Bank, with 1st Commerce Bank being the surviving
entity and becoming GCAC’s wholly-owned subsidiary and (ii) together with 1st Commerce Bank as
assignee, an Asset Purchase Agreement (the “Colonial Asset Purchase Agreement”), with
Colonial Bank, an Alabama banking corporation (“Colonial Bank”), and wholly-owned
subsidiary of The Colonial BancGroup, Inc. a Delaware corporation. The transactions contemplated by
the 1st Commerce Merger Agreement and the Colonial Asset Purchase Agreement are referred to herein
as the “Acquisitions”.

     WHEREAS, HCAM, as GCAC’s sponsor, may take certain actions to help facilitate the consummation
of the Acquisitions.

     WHEREAS,
due to regulatory considerations and market feedback, GCAC and HCAM
desire to affirm that neither HCAM nor GCAC have entered or will
enter into any private negotiations to purchase any GCAC securities
to help facilitate GCAC shareholder approval of the Acquisitions.

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:

     1. Sponsor Support. HCAM acknowledges that it may, at is option and in its sole
discretion, assist and support GCAC in consummating the Acquisitions, but will not provide such
assistance and support by entering into any private negotiations to purchase, or purchasing, any
GCAC securities.

     2. Indemnification. GCAC will indemnify, defend and hold harmless HCAM, its
affiliates, any current or previous investors in any of the funds or accounts it manages, any
other person acting on behalf of such persons, and each other person, if any, who controls any of
the foregoing persons within the meaning of the Securities Act of 1934, as amended, against any
obligations, claims, disputes, losses, damages, expenses or liabilities, joint or several, (or
actions in respect thereof) to which any of the foregoing persons may become subject and insofar as
such, obligations, claims, disputes, losses, damages, expenses or liabilities (or actions in
respect thereof)

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arise out
of or are based upon this Agreement or any other agreements or
transactions undertaken by HCAM in its capacity as GCAC’s sponsor, regardless of whether HCAM is a party thereto.

     3. Waiver of Trust. HCAM hereby acknowledges that the aggregate gross proceeds from
GCAC’s initial public offering (“IPO”), including the proceeds received upon the
consummation of the exercise of the over-allotment option, and proceeds received from a private
placement that closed simultaneously with the first closing of the IPO, including any accrued
interest not released to GCAC in accordance with the terms of the IPO was placed in a trust account
(the “Trust Account”) for the benefit of the GCAC’s public stockholders. HCAM further hereby
acknowledges and agrees that HCAM does not have any right, title, interest or claim of any kind in
or to any monies the Trust Account established by GCAC (“Claim”) and hereby waives any
Claim HCAM may have in the future as a result of, or arising out of, any negotiations, contracts or
agreements with GCAC, including this Agreement and the transactions contemplated hereby, and will
not seek recourse against the Trust Account for any reason whatsoever.

     4. Complete Agreement; Amendment. This Agreement constitutes the entire agreement
between the parties and supersedes all prior agreements, representations, warranties, statements,
promises and understandings, whether oral or written, with respect to the subject matter hereof.
No party hereto shall be bound by nor charged with any oral or written agreements, representations,
warranties, statements, promises or understandings not specifically set forth in this Agreement, or
the exhibits hereto. This Agreement may not be changed, amended, altered or modified except by a
writing signed by the parties hereto, and no provision hereof may be waived other than in a writing
signed by the party to be charged.

     5. Validity. In the event that any provision of this Agreement shall be held to be
invalid or unenforceable, the same shall not affect in any respect whatsoever the validity or
enforceability of the remainder of this Agreement.

     6. Survival of Rights. Except as provided herein to the contrary, this Agreement
shall be binding upon and inure to the benefit of the parties signatory hereto, and their
respective permitted successors and assigns.

     7. Waiver. No consent or waiver, express or implied, by a party to or of any breach
or default by the other party in the performance by such other party of its obligations hereunder
shall be deemed or construed to be a consent or waiver to or of any other breach or default in the
performance of such other party of the same or any other obligations of such other party hereunder.
Failure on the part of a party to complain of any act or failure to act on the part of the other
party or to declare the other party in default, irrespective of how long such failure continues,
shall not constitute a waiver by such party of its rights hereunder unless such default is cured
prior the date upon which the non-defaulting party declares such default. The giving of consent by
a party in any one instance shall not limit or waive the necessity to obtain such party’s consent
in any future instance.

     8. Counterparts. This Agreement may be executed in any number of counterparts, each
of which shall be deemed to be an original and all of which shall constitute one and the same
instrument.

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     9. Further Assurances. Each party hereto agrees to do all acts and things and to
make, execute and deliver such written instruments, as shall from time to time be reasonably
required, to carry out the terms and provisions of this Agreement.

     10. Choice of Law. This Letter Agreement shall be governed by and construed and
enforced in accordance with the laws of the State of New York, without giving effect to conflict of
law principles that would result in the application of the substantive laws of another
jurisdiction.

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

	 	 	 	 	 
	 

	 	HAYGROUND COVE ASSET MANAGEMENT LLC
	 	 
	 
	 
	 	/s/ Jason N. Ader	 	 
	 

	 	 	 	 
	 

	 	Name: Jason N. Ader	 	 
	 

	 	Title: Sole Member	 	 
	 
	 	 	 	 
	 

	 	GLOBAL CONSUMER ACQUISITION CORP.	 	 
	 
	 
	 	/s/ Daniel B. Silvers	 	 
	 

	 	 	 	 
	 

	 	Name: Daniel B. Silvers	 	 
	 

	 	Title: PresidentEX-10.2

Exhibit 10.2

August 13, 2009

Global Consumer Acquisition Corporation

1370 Avenue of the Americas

New York, NY

Attention: Daniel B. Silvers, President

     Re:    Nonvoting Equity Interests in Bank Holding Company

Mr. Silvers:

     Reference is made to that certain Amended and Restated Warrant Agreement, dated July 20, 2009,
between Global Consumer Acquisition Corp. (“GCAC”) and Continental Stock Transfer and Trust
Company, as warrant agent (the “Warrant Agreement”). Pursuant to Section 3.3.5 of the Warrant
Agreement, (i) any GCAC warrant (“Warrant”) held by GCAC’s sponsor, Hayground Cove Asset Management
LLC (“Hayground Cove”), shall not be exercisable at any time while under the control of Hayground
Cove or its affiliates, (ii) Hayground Cove must notify any transferee receiving such Warrants
that the transferee may be subject to the Bank Holding Company Act and the Change in Bank Control
Act, federal banking law statutes that can require prior notice to a federal bank regulatory agency
and prior approval from such federal bank regulatory agency, and (iii) prior to any transfer of any
such Warrants by Hayground Cove, Hayground Cove must obtain an opinion of bank regulatory counsel
that the transfer of such Warrants will not make the transferee a bank holding company for purposes
of the Bank Holding Company Act or subject the transferee to prior approval of the Federal Reserve
Board under the Change in Bank Control Act.

     This letter agreement hereby sets forth a further agreement between GCAC and Hayground Cove
with respect to any Warrants held by Hayground Cove or its affiliates at any time to ensure that
Hayground Cove or its affiliates do not, at any time, exercise significant control over the voting
securities of GCAC’s bank holding company successor, Western Liberty Bancorp (“WLBC”).

     For good and valuable consideration, the parties hereto desire and intend to be legally bound,
as follows:

     1. Hayground Cove or its affiliates shall not transfer any Warrants to any unaffiliated third
party transferee; provided, however, that Hayground Cove or its affiliates may
effect such a transfer to an unaffiliated third party transferee if: (i) the transfer is part of a
widespread public distribution of Hayground Cove’s or any of its affiliates’ Warrants; (ii) the transferee controls more than 50% of
WLBC’s voting securities without any transfer from Hayground Cove or any of its affiliates; or (iii) the Warrants transferred
to a transferee (or group of associated transferees) would not constitute two percent (2%) or more of any class of WLBC’s voting securities.

 

 

     3. Hayground Cove hereby acknowledges that the aggregate gross proceeds from GCAC’s initial
public offering (“IPO”), including the proceeds received upon the consummation of the
exercise of the over-allotment option, and proceeds received from a private placement that closed
simultaneously with the first closing of the IPO, including any accrued interest not released to
GCAC in accordance with the terms of the IPO was placed in a trust account (the “Trust Account”)
for the benefit of the GCAC’s public stockholders. Hayground Cove further hereby acknowledges and
agrees that Hayground Cove does not have any right, title, interest or claim of any kind in or to
any monies the Trust Account established by GCAC (“Claim”) and hereby waives any Claim
Hayground Cove may have in the future as a result of, or arising out of, any negotiations,
contracts or agreements with GCAC, including this letter agreement and any transactions
contemplated hereby, and will not seek recourse against the Trust Account for any reason
whatsoever.

     For the avoidance of any doubt, this agreement between GCAC and Hayground Cove does
not modify or amend in any way the Warrant Agreement.

[Remainder of Page Intentionally Left Blank]

 

 

	 	 	 	 	 	 	 
	 	 	Sincerely,	 	 
	 
	 	 	 	 	 	 
	 	 	HAYGROUND COVE ASSET	 	 
	 	 	MANAGEMENT LLC	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jason N. Ader	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Jason N. Ader	 	 
	 

	 	Title:
	 	Sole Member	 	 

	 	 	 	 	 
	Accepted and agreed:	 	 
	 
	 	 	 	 
	GLOBAL CONSUMER ACQUISITION CORP.	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	By: 

Name:

	 	/s/ Daniel B. Silvers 

Daniel B. Silvers
	 	 
	Title:

	 	President

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