Document:

Form of Invesment Management Trust Agreement

 Exhibit 10.7 
 [FORM OF INVESTMENT MANAGEMENT TRUST AGREEMENT] 
 INVESTMENT MANAGEMENT TRUST AGREEMENT

 This INVESTMENT MANAGEMENT TRUST AGREEMENT (this “Agreement”) is made as of
                     , 2007, by and between NTR Acquisition Co. (the “Company”) and American Stock Transfer & Trust Company (the
“Trustee”). 
 WHEREAS, the Company’s Registration Statement on Form S-1, No. 333-135394 (the “Registration
Statement”), for its initial public offering of securities (the “IPO”) has been declared effective as of the date hereof by the Securities and Exchange Commission (the “Effective Date”); and 
 WHEREAS, Citigroup Global Markets Inc. is acting as the representative (the “Representative”) of the underwriters in the IPO pursuant to an
underwriting agreement between the Company and the Representative (the “Underwriting Agreement”); and 
 WHEREAS, as described in
the Company’s Registration Statement, and in accordance with the Company’s Second Amended and Restated Certificate of Incorporation, upon execution of this Agreement or as promptly thereafter as practicable, the Company shall deliver to
the Trustee an amount equal to the sum of (i) $236,875,000 ($271,750,000 if the underwriters’ over-allotment option is exercised in full), which includes the net proceeds of the IPO and $5,850,000 of the proceeds from the sale of founders’
securities, and (ii) $7,500,000 of deferred underwriter compensation (or $8,625,000 if the underwriters’ overallotment option is exercised in full), for a total of $244,375,000 (or $280,375,000 if the underwriters’ over-allotment option is
exercised in full), 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 $0.001 per share, issued in the IPO (the Company’s “Public Stockholders”).
The amount to be delivered to the Trustee is referred to herein as the “Property,” and the parties for whose benefit the Trustee shall hold the Property are referred to together with the Company as the “Beneficiaries”; and

 WHEREAS, pursuant to the Underwriting Agreement, a portion of the Property equal to $7,500,000 (or the amount specified in a notice
pursuant to Paragraph 2(d) hereof) is attributable to deferred underwriting commissions that will become payable by the Company to the Representative upon the consummation of an Initial Business Combination (as defined in the Registration Statement)
(the “Deferred Discount”); 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; 
 NOW, THEREFORE, in consideration of the premises herein contained
and other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties agree as follows: 
 IT IS AGREED:

 1. Agreements and Covenants of Trustee. The Trustee is hereby appointed to serve as Trustee hereunder, and the Trustee hereby agrees
to act as Trustee upon the terms and conditions set forth herein. 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 (the “Trust Account”) established by the Trustee at Morgan Stanley & Co. Inc.; 
  

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 (b) Manage, supervise and administer the Trust Account subject to the terms and conditions set forth
herein; 
 (c) In a timely manner, upon the written instruction of the Company, to invest and reinvest the Property only in U.S.
“government securities” within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), with a maturity of 180 days or less or in money market funds selected by the
Company which invest principally in either short-term securities issued or guaranteed by the United States having a rating in the highest investment category granted thereby by a recognized credit rating agency at the time of acquisition or tax
exempt municipal bonds issued by governmental entities located within the United States or otherwise meeting the conditions under Rule 2a-7 under the Investment Company Act; 
 (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 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 for the Company and Trust Account; 
 (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 to do so; and 
 (h) Render to the Company 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. 
 2. 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 Chief Executive Officer or Principal Financial Officer. In
addition, except with respect to its duties under Paragraph 3, 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 

  

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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 Company shall have the right to
conduct and manage the defense against such Indemnified Claim, provided, that the Company shall obtain the consent of the Trustee with respect to the selection of counsel, which consent shall not be unreasonably withheld. The Company may not agree
to settle any Indemnified Claim without the prior written consent of the Trustee, which consent shall not be unreasonably withheld. The Trustee may participate in such action with its own counsel at its own expense; 
 (c) Pay the Trustee a fee of $3,000 for its services as Trustee at the consummation of the IPO (separately and in addition to making payments to the
Trustee of a monthly fee of $750 for transfer agent services, of a one-time fee of $2,500 for warrant agent services and a closing fee of $3,500 in accordance with the terms of a separate fee letter delivered to the Company on June 15, 2006, as
subsequently amended from time to time). The Company shall not be responsible for any other fees or charges of the Trustee except as may be provided in Paragraph 2(b) hereof; 
 (d) Within five business days after the Representative’s over-allotment option (or any unexercised portion thereof) expires or is exercised in full,
provide the Trustee with a notice in writing (with a copy to the Representative) of the total amount of the Deferred Discount, which shall in no event be less than $7,500,000; and 
 (e) In connection with any vote of the Company’s stockholders on whether to approve an Initial Business Combination, provide to the Trustee an
affidavit or certificate of a firm regularly engaged in the business of soliciting proxies and tabulating stockholder votes (which firm may be the Trustee) verifying the vote of the Company’s stockholders regarding such Initial Business
Combination. 
 3. Liquidation and Distribution of Trust Account Property. The Trustee shall commence liquidation of the Trust Account
only upon receipt of, and only in accordance with the terms of, a letter in form substantially similar to that attached hereto as either Exhibit A or Exhibit B (a “Termination Letter”), signed on behalf of the Company by its Chief
Executive Officer and affirmed by the Chairman or Vice Chairman of the Board of Directors, and complete the liquidation of the Trust Account and distribute the Property in the Trust Account only as directed in the Termination Letter and any other
documents referred to therein; provided, however, that the Trustee shall disburse such funds from the Trust Account (i) from time to time as may be necessary timely to pay any taxes incurred as a result of interest or other income earned on
the Property held in the Trust Account, only upon receipt and in accordance with the terms of a letter in form substantially similar to that attached hereto as Exhibit C (a “Tax Disbursement Letter”), signed on behalf of the Company by its
Chief Executive Officer, President or Principal Financial Officer and copied to Authorized Counsel, as evidenced by his or her countersignature thereto, and complete the disbursement of funds from the Trust Account and distribute such funds only as
directed in the Tax Disbursement Letter and any other documents referred to therein, and (ii) from time to time, only upon receipt and in accordance with the terms of a letter in form substantially similar to that attached hereto as Exhibit D (a
“Disbursement Letter”), signed on behalf of the Company by its Chief Executive Officer, President or Chief Financial Officer and copied to Authorized Counsel, as evidenced by his or her countersignature thereto, the Trustee shall disburse
to the Company such amount as may be requested by the Company as directed in the Disbursement Letter and the other documents referred to therein, provided, however, that the aggregate amount distributed by the Trustee to the Company pursuant to

  

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this Paragraph 3(ii) may not exceed the lesser of (y) the aggregate amount of interest and any other income actually received or paid on amounts in the
Trust Account less an amount equal to estimated taxes that are or will be due on such income at an assumed rate of 40% and (z) $3,250,000. In addition, if as of the date of a Termination Letter in form attached hereto as Exhibit B, should the
Company have received the full amount of its disbursements pursuant to the preceding sentence, and should such funds be insufficient to cover the Company’s costs and expenses incurred in connection with the adoption and implementation of its
plan of dissolution and its liquidation, to the extent that there is any interest accrued in the Trust Account not required to be used to pay income taxes on interest income earned on the Trust Account balance, the Company may request in the
Termination Letter that the Trustee release to it an additional amount of up to $75,000 of such accrued interest to pay costs and expenses incurred in connection with its dissolution and liquidation. 
 For purposes of this Agreement, “Authorized Counsel” shall mean, at any date, the attorney retained and authorized by the Company to perform
such functions. 
 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 3 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 herein 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 Company 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; 
  

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 (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)
Subject to the requirements of Paragraph 3 of this Agreement, pay any taxes on behalf of the Trust Account to any governmental entity or taxing authority. 
 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 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 that arises due to any actions or omissions to
act by any party after such deposit; or 
 (b) At such time that the Trustee has completed the liquidation of the Trust Account in accordance
with the provisions of Paragraph 3 hereof and distributed the Property in accordance with the provisions of the Termination Letter, this Agreement shall terminate, except with respect to Paragraph 2(b). 
 6. Miscellaneous. 
 (a) The Company
and the Trustee each acknowledge that the Trustee will follow the security 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 E. The Company and the Trustee will each restrict access to confidential information relating to such security procedures to authorized persons. Each party must
notify the other party immediately if it has reason to believe unauthorized persons may have obtained access to such information, or of any change in its authorized personnel. 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. It may be executed in several 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. This Agreement or any
provision hereof may be changed, waived, amended or modified only by a writing signed by each of the parties hereto, provided, however, that no such amendment or modification (other than to correct a typographical or similar 

  

 5 

 
technical error) may be made to paragraphs 1, 2(e), 3, 4, 5, 6(c) or 6(g) or to Exhibits A or B hereof without the consent of the Public Stockholders, its
being the specific intention of the parties hereto that each Public Stockholder is and shall be a third-party beneficiary of this paragraph 6(c) with the same right and power to enforce this paragraph 6(c) as either of the parties hereto, and
provided, further, that this Agreement may not be changed, waived, amended or modified in such a manner as to adversely affect the right of the Underwriters to receive the Deferred Discount as contemplated herein without the written consent of the
Representative. For purposes of this paragraph 6(c), the “consent of the Public Stockholders” shall mean receipt by the Trustee of a certificate from an entity certifying that (i) such entity regularly engages in the business of
serving as inspector of elections for companies whose securities are publicly traded, and (ii) either (a) 70% of the Public Stockholders of record as of a record date established in accordance with Section 213(a) of the Delaware
General Corporation Law, as amended (the “DGCL”), have voted in favor of such amendment or modification or (b) 70% of the Public Stockholders of record as of a record date established in accordance with Section 213(b) of the DGCL
has delivered to such entity a signed writing approving such amendment or modification. 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 for purposes of resolving any
disputes hereunder. 
 (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 
 Plaza Level 
 New York, NY 10038 
 Attn: Herb Lemmer, Vice President 
 Fax No.: (718) 331-1852 
 if to the Company, to: 
 NTR Acquisition Co. 
 100 Mill Plain Road, Suite 320 
 Danbury, CT 06811 
 Attn: Mario E. Rodriguez, Chief Executive Officer 
 Fax No.: (203) 546-3523 
 in either case with a copy to: 
 Cleary Gottlieb Steen & Hamilton LLP 
 One Liberty Plaza 
 New York, New York 10006 
 Attn: Raymond B. Check, Esq. 
 Fax No.: (212) 225-3999. 
  

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 (f) No party hereto may assign this Agreement without the prior written consent of the other, which
consent shall not be unreasonably withheld. 
 (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) The Trustee acknowledges and
agrees that it is the specific intention of the parties hereto that the Representative is and shall be a third-party beneficiary of the provisions of this Agreement pertaining to the Deferred Discount (including Section 6(c)) and the
Trustee’s obligations under this Agreement with respect thereto (but solely of those provisions and solely with respect to such obligations of the Trustee) with the same right and power to enforce those provisions as either of the parties
hereto. 
  

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 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	 	
	
	NTR ACQUISITION CO.
		
	By:	 	  

	Name	 	
	Title	 	

  

 8 

 EXHIBIT A 
 [Letterhead of Company] 
 [Insert date] 
 American Stock Transfer 
 & Trust Company 
 59 Maiden Lane 
 Plaza Level 
 New York, New York 10038 
 Attn: Herb Lemmer, Vice President 
 Re: Trust Account No. [            ] Termination Letter 
 Ladies and Gentlemen: 
 Pursuant to Paragraph 3 of the Investment Management Trust Agreement between NTR Acquisition Co. (the
“Company”) and American Stock Transfer & Trust Company (the “Trustee”), dated as of                      ,
200   (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with
                     to consummate an Initial Business Combination (as defined in the Trust Agreement) 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 Initial Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings given them in the
Trust Agreement. 
 Pursuant to Paragraph 2(e) of the Trust Agreement, we are providing you with [an affidavit] [a certificate] of
                     verifying the vote of the Company’s stockholders duly approving the Business Combination in accordance with the terms of
the Company’s Second Amended and Restated Certificate of Incorporation. The [affidavit] [certificate] includes the identities of the Public Stockholders who voted against the Initial Business Combination and properly exercised their conversion
rights in connection therewith. 
 In accordance with the terms of the Trust Agreement, we hereby instruct you to commence liquidation of the
Trust Account so 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: (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated,
(ii) the Company shall deliver to you written instructions with respect to the transfer of the funds held in the Trust Account other than the Deferred Discount (the “Instruction Letter”) and (iii) the Representative shall deliver
to you written instructions for delivery of the Deferred Discount. You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of written notice from counsel and the Instruction Letter,
(a) to Public Stockholders who exercised their conversion rights in connection with the Initial Business Combination, in an amount equal to their pro rata share of the amounts in the Trust Account as of two business days prior to the
Consummation Date (including the 

  

 A-1 

 
Deferred Discount and any income actually received on the Trust Account balance and held in the Trust Account, but less an amount equal to estimated taxes
that are or will be due on such income at an assumed rate of 40%); (b) to the Representative in an amount equal to the Deferred Discount as so directed by them, and (c) the remainder 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 be distributed after the Consummation Date to the Company or be distributed immediately and the penalty incurred. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall
be terminated. 
 In the event that the Initial Business Combination is not consummated on the Consummation Date and we have not notified you
on or before the Consummation Date of a new date for consummation of the Initial Business Combination that is to take place within [3 (three)] business days of the Consummation Date, then the funds held in the Trust Account shall be reinvested as
provided in Paragraph 1(c) of the Trust Agreement on the business day immediately following the Consummation Date. 
  

			
	 Very truly yours,

	
	 NTR ACQUISITION CO.

		
	 By:
	 	  

		 	 [NAME]

		 	 Chief Executive Officer

	
	 AFFIRMED:

	
	  

	 [NAME]

	 [Vice] Chairman of the Board of Directors

  

 A-2 

 EXHIBIT B 
 [Letterhead of Company] 
 [Insert date] 
 American Stock Transfer 
 & Trust Company 
 59 Maiden Lane 
 Plaza Level 
 New York, New York 10038 
 Attn: Herb Lemmer, Vice President 
 Re: Trust Account No. [            ] Termination Letter 
 Ladies and Gentlemen: 
 Pursuant to Paragraph 3 of the Investment Management Trust Agreement between NTR Acquisition Co. (the
“Company”) and American Stock Transfer & Trust Company dated as of                      , 200   (the “Trust
Agreement”), this is to advise you that the Company’s existence expired in accordance with the terms of its Second Amended and Restated Certificate of Incorporation on [date] and the Company is proceeding to dissolve and
liquidate. Capitalized terms used but not defined herein shall have the meanings given them in the Trust Agreement. 
 In accordance with the
terms of the Trust Agreement, we hereby authorize and request that you[: (i) to the extent that there is any interest accrued in the Trust Account not required to be used to pay income taxes on interest income earned on the Trust Account
balance in accordance with the Tax Disbursement Letter included herewith, which provides a full accounting of Tax Payments (as defined therein) made by the Company through the date of this letter but not yet reimbursed by distributions from the
Trust, release to us an amount of $             (which amount shall not exceed $75,000) to pay costs and expenses incurred in connection with its dissolution and liquidation; and
(ii)] commence liquidation of the Trust Account as part of the Company’s plan of dissolution and distribution. In connection with this liquidation, you are hereby authorized to establish a record date for the purposes of determining the
stockholders of record entitled to receive their per share portion of the Trust Account. The record date shall be within ten (10) days of the liquidation date, or as soon thereafter as is practicable. You will notify the Company in writing as
to when all of the funds in the Trust Account will be available for immediate transfer (the “Transfer Date”) in accordance with the terms of the Trust Agreement and the Second Amended and Restated Certificate of Incorporation of the
Company. 
 You shall commence distribution of such funds in accordance with the terms of the Trust Agreement and the Second Amended and
Restated Certificate of Incorporation of the Company and you shall oversee the distribution of the funds. 
  

 B-1 

 Upon the payment of all the funds in the Trust Account, the Trust Agreement shall be terminated.

  

			
	Very truly yours,
	
	NTR ACQUISITION CO.
		
	By:	 	  

		 	 [NAME]
 Chief Executive Officer

	
	AFFIRMED:
	
	  

	 [NAME]
 [Vice] Chairman of the Board of
Directors

  

 B-2 

 EXHIBIT C 
 [Letterhead of Company] 
 [Insert date] 
 American Stock Transfer 
 & Trust Company 
 59 Maiden Lane 
 Plaza Level 
 New York, New York 10038 
 Attn: Herb Lemmer, Vice President 
 Re: Trust Account No. [            ] Tax Disbursement Letter 
 Ladies and Gentlemen: 
 Pursuant to the Investment Management Trust Agreement between NTR Acquisition Co. (the “Company”)
and American Stock Transfer & Trust Company dated as of                     , 200   (the “Trust Agreement”), this
is to advise you that the Trust Account, as defined in the Trust Agreement, has incurred a total of $             in taxes (the “Tax Payments”) for the period from
                    , 200   to
                    , 200   (the “Tax Period”) as a result of interest and other income earned on the Property, as
defined in the Trust Agreement, during the Tax Period. 
 In accordance with the terms of the Trust Agreement, we hereby authorize you to
distribute from the Trust Account proceeds from the Property equal to the aggregate Tax Payments on such dates, in such amounts and to such payees as indicated on the Schedule of Tax Payments attached hereto as Schedule 1. 
  

			
	Very truly yours,
	
	NTR ACQUISITION CO.
		
	By:	 	  

		 	 [NAME]
 [Title]

  

			
		 	Authorized Counsel Signatory:
		
	By:	 	  

		 	[NAME]

  

 C-1 

 SCHEDULE 1 
 SCHEDULE OF TAX PAYMENTS 
  

	
	[Payee]
	Payment Date:
	Amount:
	Address:
	
	[Payee]
	Payment Date:
	Amount:
	Address:
	
	[Payee]
	Payment Date:
	Amount:
	Address:

  

 C-2 

 EXHIBIT D 
 [Letterhead of Company] 
 [Insert date] 
 American Stock Transfer 
 & Trust Company 
 59 Maiden Lane 
 Plaza Level 
 New York, New York 10038 
 Attn: Herb Lemmer, Vice President 
 Re: Trust Account No. [            ] Disbursement Letter 
 Ladies and Gentlemen: 
 Pursuant to Section 3(ii) of the Investment Management Trust Agreement between NTR Acquisition Co. (the
“Company”) and American Stock Transfer & Trust Company dated as of                     , 200   (the “Trust
Agreement”), we hereby authorize you to disburse from theTrust Account proceeds from the Property, as defined in the Trust Agreement, equal to $            , to
             via wire transfer on                      ,
200  . 
  

			
	Very truly yours,
	
	NTR ACQUISITION CO.
		
	By:	 	  

		 	 [NAME]
 [Title]

  

			
		 	Authorized Counsel Signatory:
		
	By:	 	  

		 	[NAME]

  

 D-1 

 EXHIBIT E 
  

			
	 AUTHORIZED INDIVIDUAL(S)
 FOR TELEPHONE CALL BACK
	 	 AUTHORIZED
 TELEPHONE NUMBER(S)

		
	 Company:
	 	
		
	 NTR Acquisition Co.
 100 Mill Plain Road, Suite
320
 Danbury, CT 06811
	 	
		
	Attn: Mario E. Rodriguez, Chief Executive Officer	 	(203) 546-3437 or (212) 297-6251
	Attn: William E. Hantke, Principal Financial Officer	 	(203) 546-3437
		
	 Trustee:
	 	
		
	 American Stock Transfer & Trust Company
 59
Maiden Lane
 Plaza Level
 New York, New York
10004
	 	
		
	Attn: Herb Lemmer, Vice President	 	(718) 921-8209

  

 E-1Form of Additional Founders'  Warrant Purchase Agreement

 Exhibit 10.8 
 [FORM OF ADDITIONAL FOUNDERS’ WARRANTS 
 PURCHASE AGREEMENT] 
 NTR ACQUISITION CO. 
 ADDITIONAL
FOUNDERS’ WARRANTS 
 PURCHASE AGREEMENT 
 THIS ADDITIONAL FOUNDERS’ WARRANTS PURCHASE AGREEMENT (this “Agreement”), dated as of
                    , 2007, is entered into by and among NTR Acquisition Co., a Delaware corporation (the “Company”), and the
several persons and entities named on the signature pages hereto (each, a “Purchaser”). 
 WHEREAS, the Company has filed a
registration statement (the “Registration Statement”) for the initial public offering of units (the “Initial Public Offering”), each unit consisting of one share of the Company’s common stock, par value $0.001
per share (a “Share”) and one warrant to purchase one Share at an exercise price of $7.50 per Share (a “Warrant”); 
 WHEREAS, immediately prior to the sale of the units in the Initial Public Offering, the Purchasers desire to purchase and the Company desires to issue and sell, in a private placement pursuant to Section 4(2) of
the Securities Act of 1933, as amended (the “Securities Act”), upon the terms and conditions set forth in this Agreement, for an aggregate purchase price of $3,350,000 (the “Purchase Price”), a total of 3,350,000
additional founders’ warrants to purchase Shares (“Additional Founders’ Warrants”). 
 NOW THEREFORE, in
consideration of the mutual promises contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as follows: 
 Section 1. Authorization, Purchase and Sale; Terms of the Additional Founders’ Warrants. 
 A. Authorization of the Additional Founders’ Warrants. The Company has authorized, and hereby ratifies such authorization by
execution hereof, the issuance and sale to the Purchasers of the Additional Founders’ Warrants. 
 B. Purchase and
Sale of the Additional Founders’ Warrants. On                     , 2007 (or as such date may be extended from time to time by mutual
agreement of the parties, the “Closing Date”), the Company shall issue and sell to the Purchasers, and the Purchasers shall purchase from the Company, the Additional Founders’ Warrants for the Purchase Price, with each
Purchaser purchasing the respective number of Additional Founders’ Warrants shown on Schedule I hereto. On the Closing Date, the Company shall deliver certificates evidencing the Additional Founders’ Warrants to be purchased by each
Purchaser hereunder, in each case registered in such Purchaser’s name, upon payment by such Purchaser of its respective share of the Purchase Price (as shown on Schedule I hereto) by wire transfer of immediately available funds to the Company
in accordance with the Company’s wiring instructions. 
  

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 C. Terms of the Additional Founders’ Warrants.  
  

	 	i.	Terms of the Warrants. The Additional Founders’ Warrants shall have the terms set forth in the Second Amended and Restated Warrant Agreement, dated as of
                    , 2007, as amended, restated or supplemented from time to time, between the Company and American Stock Transfer & Trust
Company (the “Warrant Agreement”). 

  

	 	ii.	Transfer Restrictions. Each Purchaser acknowledges that the Additional Founders’ Warrants and Shares of common stock issuable upon exercise of the Additional
Founders’ Warrants are subject to restrictions on transfer set forth in the Warrant Agreement. 

  

	 	iii.	Registration Rights. On or prior to the date of the Initial Public Offering, the Company and the Purchasers shall enter into an agreement (the “Registration Rights
Agreement”) granting each Purchaser registration rights with respect to the Additional Founders’ Warrants and the Shares underlying the Additional Founders’ Warrants. 

 Section 2. Representations and Warranties of the Company. As a material inducement to the Purchasers to enter into this Agreement and
purchase the Additional Founders’ Warrants, the Company hereby represents and warrants that: 
 A. Organization and
Corporate Power. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably
be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this
Agreement. 
 B. Authorization; No Breach. 
 (i) The execution, delivery and performance of this Agreement and the Warrant Agreement have been duly authorized by the Company. This
Agreement, the Warrant Agreement and the Additional Founders’ Warrants constitute valid and binding obligations of the Company, enforceable in accordance with their respective terms. 
 (ii) The execution and delivery by the Company of this Agreement and the Warrant Agreement, the issuance and sale of the Additional
Founders’ Warrants, the issuance of the Shares of common stock upon exercise of the Additional Founders’ Warrants and the fulfillment of and compliance with the respective terms hereof and thereof by the Company, do not and will not as of
the Closing Date (i) conflict with or result in a breach of the terms, conditions or provisions of, (ii) constitute a default under, (iii) result in the creation of any lien, security interest, charge or encumbrance upon the
Company’s capital stock or assets, (iv) result in a violation of, or (v) require any authorization, consent, 

  

 2 

 
approval, exemption or other action by or notice or declaration to, or filing with, any court or administrative or governmental body or agency pursuant to
the Certificate of Incorporation of the Company or the bylaws of the Company, or any material law, statute, rule or regulation to which the Company is subject, or any agreement, order, judgment or decree to which the Company is subject, except for
any filings required after the date hereof under federal or state securities laws. 
 C. Title to Securities. Upon
issuance in accordance with, and payment pursuant to, the terms hereof, the Additional Founders’ Warrants to be purchased hereunder and, upon exercise of the Additional Founders’ Warrants, payment of the exercise price set forth therein
and conformance with the other provisions relating to the exercise thereof, the Shares of common stock issuable upon exercise of such Additional Founders’ Warrants will be duly and validly issued, fully paid, nonassessable, and the Purchasers
will have or receive good title to such securities, free and clear of all liens, claims and encumbrances of any kind, other than (a) transfer restrictions hereunder and under the other agreements contemplated hereby, (b) transfer
restrictions under federal and state securities laws, and (c) liens, claims or encumbrances imposed due to the actions of the Purchasers. 
 D. Governmental Consents. No permit, consent, approval or authorization of, or declaration to or filing with, any governmental authority is required in connection with the execution, delivery and performance by
the Company of this Agreement, or the consummation by the Company of any other transactions contemplated hereby. 
 Section 3.
Representations, Warranties and Covenants of the Purchasers. As a material inducement to the Company to enter into this Agreement and issue and sell the Additional Founders’ Warrants to the Purchasers, each Purchaser hereby represents,
warrants and covenants to the Company (which representations, warranties and covenants shall survive the Closing Date) that: 
 A. Capacity and State Law Compliance. The Purchaser has engaged in the transactions contemplated by this Agreement within a state in which the offer and sale of the Additional Founders’ Warrants to the Purchaser is permitted
under applicable securities laws. The Purchaser understands and acknowledges that the purchase of Shares of common stock upon the exercise of the Additional Founders’ Warrants requires the availability of an exemption from the registration
requirements under federal and/or state securities laws. 
 B. Authorization; No Breach. 
 (i) This Agreement constitutes a valid and binding obligation of the Purchaser, enforceable in accordance with its terms. 
 (ii) The execution and delivery by the Purchaser of this Agreement and the fulfillment of and compliance with the respective terms hereof
by the Purchaser do not and shall not as of the Closing Date conflict with or result in a breach of the terms, conditions or provisions of any agreement, instrument, order, judgment or decree to which the Purchaser is subject. 
  

 3 

 C. Investment Representations. 
 (i) The Purchaser is acquiring its respective share of the Additional Founders’ Warrants, and, upon exercise of the Additional
Founders’ Warrants, the Shares of common stock issuable upon such exercise (collectively, the “Securities”) for its own account, for investment only and not with a view towards, or for resale in connection with, any public sale
or distribution thereof. 
 (ii) The Purchaser is an “accredited investor” as such term is defined in Rule 501(a) of
Regulation D. 
 (iii) The Purchaser understands that the Securities are being offered and sold to it in reliance on specific
exemptions from the registration requirements of United States federal and state securities laws and that the Company is relying upon the truth and accuracy of, and the Purchaser’s compliance with, the representations, warranties and agreements
of the Purchaser set forth herein in order to determine the availability of such exemptions and the eligibility of the Purchaser to acquire such Securities. 
 (iv) The Purchaser initiated discussions with the Company relating to the purchase and sale of the Securities contemplated by this
Agreement on an unsolicited basis prior to the date of this Agreement. The Purchaser did not initiate such discussions, nor did the Purchaser decide to enter into this Agreement, as a result of any general solicitation or general advertising within
the meaning of Rule 502(c) under the Securities Act. 
 (v) The Purchaser has been furnished with all materials relating to
the business, finances and operations of the Company and materials relating to the offer and sale of the Securities that the Purchaser has requested. If the Purchaser is not an executive officer or director of the Company, the Purchaser has been
afforded the opportunity to ask questions of the executive officers and directors of the Company. The Purchaser understands that its investment in the Securities involves a high degree of risk. The Purchaser has sought such accounting, legal and tax
advice as the Purchaser has considered necessary to make an informed investment decision with respect to the Purchaser’s acquisition of the Securities. 
 (vi) The Purchaser understands that no United States federal or state agency or any other government or governmental agency has passed on
or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities nor have such authorities passed upon or endorsed the merits of the offering of the Securities. 
 (vii) The Purchaser understands that: (a) the Securities have not been registered under the Securities Act or any state securities
laws, and may not be offered for sale, sold, assigned or transferred unless (1) subsequently registered 

  

 4 

 
thereunder or (2) sold in reliance on an exemption therefrom; and (b) except as specifically set forth in the Registration Rights Agreement,
neither the Company nor any other person is under any obligation to register such securities under the Securities Act or any state securities laws or to comply with the terms and conditions of any exemption thereunder. In this regard, the Purchaser
represents that the Purchaser is familiar with Rule 144 adopted pursuant to the Securities Act, and understands the resale limitations imposed thereby and by the Securities Act. In addition, the Purchaser understands that the SEC has taken the
position that promoters or affiliates of a blank check company and their transferees, both before and after a business combination, would act as “underwriters” under the Securities Act when reselling the securities of a blank check
company. Based on that position, Rule 144 would not be available for resale transactions despite technical compliance with the requirements of Rule 144, and such securities can be resold only through a registered offering. The Purchaser is able to
bear the economic risk of its investment in the Securities for an indefinite period of time. 
 (viii) The Purchaser has
knowledge and expertise in financial and business matters, knows of the high degree of risk associated with investments generally and particularly investments in the securities of companies in the development stage such as the Company, is capable of
evaluating the merits and risks of an investment in the Securities and is able to bear the economic risk of an investment in the Securities in the amount contemplated hereunder. The Purchaser has adequate means of providing for its current financial
needs and contingencies and will have no current or anticipated future needs for liquidity that would be jeopardized by the investment in the Securities. The Purchaser can afford a complete loss of its investment in the Securities. 
 (ix) Without in any way limiting the representations set forth above, the Purchaser agrees not to make any disposition of all or any
portion of the Securities unless and until: 
 (1) There is then in effect a registration statement under the Securities Act
covering such proposed disposition and such disposition is made in accordance with such registration statement; or 
 (2)(i)
The Purchaser shall have notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, and (ii) if reasonably requested by the Company,
the Purchaser shall have furnished the Company with an opinion of counsel, reasonably satisfactory to the Company, that such disposition will not require registration of such Securities under the Securities Act. Notwithstanding the foregoing, the
Purchaser also understands and acknowledges that the transfer of any Additional Founders’ Warrants and any exercise of the Additional Founders’ Warrants are subject to the specific conditions to such transfer or exercise as outlined herein
and in the Warrant Agreement, to which conditions the Purchaser specifically assents by its execution hereof. 
  

 5 

 Section 4. Conditions of the Purchasers’ Obligations at the Closing. 
 The obligation of the Purchasers to purchase and pay for the Additional Founders’ Warrants is subject to the fulfillment, on or before the Closing
Date, of each of the following conditions: 
 A. Representations and Warranties. The representations and warranties of
the Company contained in Section 2, except for those stated to be made as of the date hereof, shall be true and correct in all material respects at and as of the Closing Date as though then made. 
 B. Performance. The Company shall have performed and complied with all agreements, obligations and conditions contained in this
Agreement that are required to be performed or complied with by it on or before the Closing Date. 
 C. No Adverse
Change. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any
self-regulatory organization having authority over the matters contemplated hereby, which prohibits the consummation of any of the transactions contemplated by this Agreement. 
 Section 5. Conditions of the Company’s Obligations at the Closing. 
 The obligations of the Company to the Purchasers under this Agreement are subject to the fulfillment on or before the Closing of each of the following
conditions: 
 A. Representations and Warranties. The representations and warranties of each Purchaser contained in
Section 3 shall be true at and as of the Closing Date as though then made. 
 B. Performance. Each Purchaser shall
have performed and complied with all agreements, obligations and conditions contained in this Agreement that are required to be performed or complied with by it on or before the Closing Date. 
 C. No Adverse Change. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been
enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated hereby, which prohibits the consummation of any of
the transactions contemplated by this Agreement. 
 Section 6. Termination. This Agreement may be terminated at any time prior to
the Closing Date upon the mutual written consent of the Company and the Purchasers. 
 Section 7. Survival of Representations and
Warranties. All of the representations and warranties contained herein shall survive the Closing Date. 
  

 6 

 Section 8. Miscellaneous. 
 A. Legends. 
 (i) The Company may, from time to time, make stop transfer notations in
its records and deliver stop transfer instructions to its transfer agent to the extent its counsel considers it necessary to ensure compliance with the Securities Act and the applicable state securities acts and the transfer restrictions contained
elsewhere in this Agreement and the Warrant Agreement. 
 (ii) Each Purchaser acknowledges and agrees that transfers of the
Additional Founders’ Warrants and the Shares underlying the Additional Founders’ Warrants shall be subject to the restrictions and procedures set forth in the Warrant Agreement and that the certificates representing such Warrants and
Shares shall bear the legend set forth therein. 
 B. Successors and Assigns. Except as otherwise expressly provided herein, all
covenants and agreements contained in this Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors and assigns of the parties hereto whether so expressed or not. Notwithstanding the
foregoing or anything to the contrary herein, the parties may not assign this Agreement without the written consent of the other parties. 
 C. Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid
under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of this Agreement. 
 D. Counterparts. This Agreement may be executed simultaneously in two or more counterparts, any one of which need not contain the signatures of more than one party, but all such counterparts taken together
shall constitute one and the same Agreement. 
 E. Descriptive Headings; Interpretation. The descriptive headings of this Agreement
are inserted for convenience only and do not constitute a substantive part of this Agreement. The use of the word “including” in this Agreement shall be by way of example rather than by limitation. 
 F. Governing Law. This Agreement shall be deemed to be a contract made under the laws of the State of New York and for all purposes shall be
construed in accordance with the internal laws of that State. The parties agree that all actions and proceedings arising out of this Agreement or any of the transactions contemplated hereby shall be brought in the United States District Court for
the Southern District of New York or in a New York State Court in the County of New York and, in connection with any such action or proceeding, submit to the exclusive jurisdiction of, and venue in, such courts. Each of the parties hereto also
irrevocably waives all right to trial by jury in any action, proceeding or counterclaim arising out of this Agreement or the transactions contemplated hereby. 
  

 7 

 G. Notices. All notices, demands or other communications to be given or delivered under or by
reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given when delivered personally to the recipient, sent to the recipient by reputable overnight courier service (charges prepaid) or mailed to the
recipient by certified or registered mail, return receipt requested and postage prepaid. Such notices, demands and other communications shall be sent: 
  

			
	If to the Company:	 	NTR Acquisition Co.
		 	100 Mill Plain Road, Suite 320
		 	Danbury, Connecticut 06811
		 	Fax No.: (203) 546-3523
		
	With a copy to:	 	Raymond B. Check, Esq.
		 	Cleary Gottlieb Steen & Hamilton LLP
		 	One Liberty Plaza
		 	New York, New York 10006
		 	Fax No.: (212) 225-3999
		
	If to the Purchasers:	 	NTR Partners LLC
		 	[Address]
		 	Fax No.:
		
		 	Buford H. Ortale
		 	[Address]
		 	Fax No.: 
		
		 	Hendricks Family LLLP
		 	[Address]
		 	Fax No.: 
		
		 	Gilliam Enterprises LLC
		 	[Address]
		 	Fax No.:
		
		 	Randal K. Quarles
		 	[Address]
		 	Fax No.:
		
		 	Sewanee Partners III, L.P.
		 	[Address]
		 	Fax No.:

 or to such other address or to the attention of such other person as the recipient party has specified by prior
written notice to the other parties. 
 H. No Strict Construction. The parties hereto have participated jointly in the negotiation and
drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or
disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. 
  

 8 

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

			
	NTR ACQUISITION CO.
		
	By:	 	  

		 	Mario E. Rodriguez
		 	Chief Executive Officer
	
	NTR PARTNERS LLC
		
	By:	 	  

		 	Mario E. Rodriquez
		 	Interim President
	
	  

	BUFORD H. ORTALE
	
	HENDRICKS FAMILY LLLP
	By:	 	Hendricks Family Holdings, Inc., General Partner
		
		 	  

		 	John K. Hendricks
		 	President
		
		 	  

		 	Maureen A. Hendricks
		 	Secretary – Treasurer
	
	GILLIAM ENTERPRISES, LLC
		
	By:	 	  

		 	D. Duane Gilliam
	
	  

	RANDAL K. QUARLES
	
	SEWANEE PARTNERS III, L.P.
		
	By:	 	  

		 	Buford H. Ortale
		 	President

  

 9 

 Schedule I 
 Additional Founders’ Warrants Purchase Amounts 
  

						
	 Name
	  	Purchase Amount	  	Purchase Price
	 NTR Partners LLC
	  		  		
	 Buford H. Ortale
	  		  		
	 Hendricks Family LLLP
	  		  		
	 Gilliam Enterprises, LLC
	  		  		
	 Randal K. Quarles
	  		  		
	 Sewanee Partners III, L.P.
	  		  		
	 TOTAL
	  	3,350,000	  	$	3,350,000

  

 10 

  

 11

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