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Exhibit 4.4    
    

 
 

SECOND AMENDED AND RESTATED WARRANT AGREEMENT    
    

        THIS SECOND AMENDED AND RESTATED WARRANT AGREEMENT (this "Agreement") is made as of the 14th day of February, 2008
between Third Wave Acquisition Corp., a Delaware corporation, with offices at 591 West Putnam Avenue, Greenwich, Connecticut 06830 (the "Company"), and
American Stock Transfer & Trust Company, with offices at 59 Maiden Lane, New York, New York 10038 (the "Warrant Agent"). 

        WHEREAS,
the Company and the Warrant Agent have previously entered into that certain Warrant Agreement dated as of January 4, 2008 (the "Original
Agreement"), and the Company and the Warrant Agent now desire to amend and restate the Original Agreement in its entirety; 

        WHEREAS,
in connection with the Company's formation, the Company issued 10,062,500 units (the "Founder Units") of the Company, each unit
consisting of one share of common stock of the Company, par value $0.001 per share (the "Common Stock"), and one warrant exercisable for one share of
Common Stock, with each warrant evidencing the right of the holder thereof to purchase one share of Common Stock for $7.00 (the "Founder Warrants"),
subject to adjustment as described herein; 

        WHEREAS,
the Company intends to engage in an initial public offering (the "Public Offering") of units (the "Public
Units") of the Company, each unit consisting of one share of Common Stock and one warrant exercisable for one share of Common Stock, with each warrant evidencing the right of
the holder thereof to purchase one share of Common Stock for $7.00 (the "Public Warrants"), subject to adjustment as described herein; 

        WHEREAS,
in connection with the Public Offering, the Company has determined to issue and deliver to the public investors for $10.00 per unit up to 35,000,000 units, plus up to an
additional 5,250,000
units if the underwriters of the Public Offering exercise in full the over-allotment option (the "Over-Allotment Option") to be
granted by the Company pursuant to an underwriting agreement to be entered into among the underwriters and the Company; 

        WHEREAS,
concurrently with the Public Offering, the Company intends to engage in a private offering of 7,800,000 warrants to certain of the "Private
Investors" listed on Exhibit A hereto (the "Sponsor Warrants"), each evidencing the right of the holder thereof to
purchase one share of Common Stock for $7.00, subject to adjustment as described herein; 

        WHEREAS,
in connection with the consummation of a Business Combination (as defined herein), the Company will sell up to 3,500,000 units to BSS Third Wave Investors LLC and Arrow Third
Wave LLC (the "Co-Investment Units" and, together with the Founder Units and the Public Units, the
"Units"), with each unit consisting of one share of Common Stock and one warrant exercisable for one share of Common Stock, with each warrant evidencing
the right of the holder thereof to purchase one share of Common Stock for $7.00, subject to adjustment, as described herein (the "Co-Investment
Warrants" and, together with the Founder Warrants and the Sponsor Warrants, the "Private Warrants"; the Private Warrants and the
Public Warrants being collectively referred to as the "Warrants"); 

        WHEREAS,
in connection with the Public Offering, the Company has filed with the Securities and Exchange Commission (the "SEC") a
Registration Statement on Form S-1 (the "Registration Statement") for the registration, under the Securities Act of 1933, as amended
(the "Act") of, among other securities, the Public Warrants; 

        WHEREAS,
the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer,
exchange, call, exercise and cancellation of the Warrants; 

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        WHEREAS,
the Company desires to provide for the form and provisions of the Warrants, the terms upon which they shall be issued and exercised, and the respective rights, limitation of
rights, and immunities of the Company, the Warrant Agent, and the holders of the Warrants; and 

        WHEREAS,
all acts and things have been done and performed which are necessary to make the Warrants, when executed on behalf of the Company and countersigned by or on behalf of the
Warrant Agent, as provided herein, the valid, binding and legal obligations of the Company, and to authorize the execution and delivery of this Agreement. 

        NOW,
THEREFORE, in consideration of the mutual agreements herein contained, the parties hereto agree as follows: 

1.     APPOINTMENT OF WARRANT AGENT.  

        The Company hereby appoints the Warrant Agent to act as agent for the Company for the Warrants, and the Warrant Agent hereby accepts such appointment and agrees
to perform the same in accordance with the terms and conditions set forth in this Agreement. 

2.     WARRANTS.  

        2.1    Form of Warrant.    The certificates evidencing the Warrants (the "Warrant
Certificates") to be delivered pursuant to this Agreement shall be issued in registered form only and shall be in substantially the form of Exhibit B attached hereto,
the provisions of which are incorporated herein, and shall be signed by, or bear the facsimile signature of, the Chief Executive Officer or the President of the Company. In the event the person whose
facsimile signature has been placed upon any Warrant shall have ceased to serve in the capacity in which such person signed the Warrant before such Warrant is issued, it may be issued with the same
effect as if he or she had not ceased to be such at the date of issuance. All of the Public Warrants shall initially be represented by one or more book-entry certificates (each a
"Book-Entry Warrant Certificate"). 

        2.2    Uncertificated Warrants.    Notwithstanding anything herein to the contrary, any Warrant issued hereunder may
be issued as part of, and represented by, a Unit, and any Warrant issued hereunder may be issued in uncertificated or book-entry form through the Warrant Agent and/or the facilities of The
Depository Trust Company (the "Depository") or other book-entry depositary system, in each case as determined by the Board of Directors of
the Company or by an authorized committee thereof. Any Warrant so issued shall have the same terms, force and effect as a certificated Warrant that has been duly countersigned by the Warrant Agent in
accordance with the terms of this Agreement. 

        2.3    Effect of Countersignature.    Unless and until countersigned by the Warrant Agent pursuant to this Agreement,
a Warrant shall be invalid and of no effect and may not be exercised by the holder thereof. 

        2.4    Registration.    

        2.4.1    Warrant Register.    The Warrant Agent shall maintain books (the "Warrant
Register") for the registration of original issuance and the registration of transfers of the Warrants. Upon the initial issuance of the Warrants, the Warrant Agent shall issue
and register the Warrants in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Warrant Agent by the Company. All of the
Public Warrants shall initially be represented by one or more Book-Entry Warrant Certificates deposited with the Depository and registered in the name of Cede & Co., a nominee of
the Depository. Ownership of beneficial interests in the Warrants shall be shown on, and the transfer of such ownership shall be effected through, records maintained by (i) the Depository or
its nominee for each Book-Entry Warrant Certificate, or (ii) institutions that have accounts with the Depository (such institution, with respect to a Warrant in its account, a
"Participant"). 

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        2.4.2    Beneficial Owner; Registered Holder.    The term "beneficial
owner" shall mean, on or after the Detachment Date (as defined below), any person in whose name ownership of a beneficial interest in the Warrants evidenced by a
Book-Entry Warrant Certificate is recorded in the records maintained by the Depository or its nominee, and prior to the Detachment Date, the person in whose name the Unit to which such
Warrant Certificate was initially attached as registered upon the register relating to such Units. Prior to due presentment for registration of transfer of any Warrant, the Company and the Warrant
Agent may deem and treat the person in whose name such Warrant shall be registered upon the Warrant Register ("Registered Holder") as the absolute owner
of such Warrant and of each Warrant represented thereby (notwithstanding any notation of ownership or other writing on the Warrant Certificate made by anyone other than the Company or the Warrant
Agent), for the purpose of any exercise thereof and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary. 

        If
the Depository subsequently ceases to make its book-entry settlement system available for the Warrants, the Company may instruct the Warrant Agent regarding making other
arrangements for book-entry settlement. In the event that the Warrants are not eligible for, or it is no longer necessary to have the Warrants available in, book-entry form,
the Warrant Agent shall provide written instructions to the Depository to deliver to the Warrant Agent for cancellation each Book-Entry Warrant Certificate, and the Company shall instruct
the Warrant Agent to deliver to the Depository definitive Warrant Certificates in physical form evidencing such Warrants. 

        2.5    Detachability of Warrants.    The securities comprising the Units will not be separately transferable until
five business days (or as soon as practicable thereafter) following the earliest to occur of (i) the expiration or termination of the Over-Allotment Option, (ii) the exercise
in full by the underwriters of the Over-Allotment Option and (iii) the underwriters' determination not to exercise all or any remaining portion of the Over-Allotment
Option (the "Detachment
Date"), but in no event will separate trading of the securities comprising the Units be allowed until the Company files a Current Report on Form 8-K (the
"Initial 8-K") with the SEC that includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public
Offering and issuing a press release announcing when such separate trading will begin, and an additional Current Report on Form 8-K including the proceeds received by the Company
from the exercise of the Over-Allotment Option, if the Over-Allotment Option is exercised after the filing of the Initial 8-K. 

        2.6    Private Warrants.    The Private Warrants shall have the same terms as the Public Warrants, except that
(i) the Founder Warrants will become exercisable after consummation of a Business Combination if and when the last sale price of the Common Stock on the American Stock Exchange, or other
national securities exchange on which the Common Stock may be traded, exceeds $14.25 per share for any twenty (20) trading days within a thirty (30) trading day period after the
consummation of such Business Combination; (ii) no Private Warrant will be redeemable by the Company so long as such Warrant is held by a Private Investor or its Permitted Transferees (as
defined below); (iii) the Sponsor Warrants will not be (and the Common Stock issuable upon exercise of such Warrants will not be) transferable or salable (except for transfers to Permitted
Transferees) by the Private Investors or their Permitted Transferees until after the consummation of a Business Combination; and (iv) the Founder Warrants and the Co-Investment
Warrants will not be (and the Common Stock issuable upon exercise of such Warrants will not be) transferable or salable (except for transfers to Permitted Transferees) by the Private Investors or
their Permitted Transferees until 180 days after the consummation of a Business Combination. "Permitted Transferees" shall mean the recipient of
a Private Warrant through a transfer by any of the Private Investors (a) by gift to a member of such transferor's immediate family for estate planning purposes or to a trust, the beneficiary of
which is the transferor or a member of the transferor's immediate family, (b) if the transferor is not a natural person, by gift to a member of the immediate family of such transferor's
controlling person for estate planning purposes or to a trust, the 

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beneficiary
of which is such transferor's controlling person or a member of the immediate family of such transferor's controlling person, (c) by virtue of the laws of descent and distribution
upon death of transferor or (d) pursuant to a qualified domestic relations order; provided, however, that such permitted transfers may be effected only upon the respective transferee's written
agreement to be bound by the same transfer restrictions as such Private Investor upon receiving such Warrants (except in the case of clause (c), in which case the transferee will execute such
agreement as soon as practicable after such transfer). 

3.     TERMS AND EXERCISE OF WARRANTS.  

        3.1    Method of Exercise.    A Registered Holder may exercise a Warrant by delivering, not later than
5:00 P.M., New York City time, on any business day during the applicable Exercise Period (the "Exercise Date") to the Warrant Agent at its
corporate trust department (i) the Warrant Certificate or, in the case
of a Book-Entry Warrant Certificate, the Warrants to be exercised (the "Book-Entry Warrants") free on the records of the
Depository to an account of the Warrant Agent at the Depository designated for such purpose in writing by the Warrant Agent to the Depository from time to time, (ii) a subscription form
("Subscription Form"), properly completed and executed by the Registered Holder on the reverse of the Warrant Certificate or, in the case of a
Book-Entry Warrant Certificate, properly delivered by the Participant in accordance with the Depository's procedures, and (iii) the Warrant Price for each Warrant to be exercised in
lawful money of the United States of America by certified or official bank check or by bank wire transfer in immediately available funds (or, for a Registered Holder exercising the Conversion Right,
the documents required pursuant to Section 3.5). 

        If
any of (A) the Warrant Certificate or the Book-Entry Warrants, (B) the Subscription Form, or (C) the Warrant Price therefor, is received by the
Warrant Agent after 5:00 P.M., New York City time, on the specified Exercise Date, the Warrants will be deemed to be received and exercised on the business day next succeeding the Exercise
Date. If the date specified as the Exercise Date is not a business day, the Warrants will be deemed to be received and exercised on the next succeeding day that is a business day. If the Warrants are
received or deemed to be received after the Expiration Date, the exercise thereof will be null and void and any funds delivered to the Warrant Agent will be returned to the Registered Holder or
Participant, as the case may be, as soon as practicable. In no event will interest accrue on funds deposited with the Warrant Agent in respect of an exercise or attempted exercise of Warrants. The
validity of any exercise of Warrants will be determined by the Company in its sole discretion and such determination will be final and binding upon the Registered Holder and the Warrant Agent. Neither
the Company nor the Warrant Agent shall have any obligation to inform a Registered Holder of the invalidity of any exercise of Warrants. 

        The
Warrant Agent shall deposit all funds received by it in payment of the Warrant Price in the account of the Company maintained with the Warrant Agent for such purpose and shall advise
the Company at the end of each day on which funds for the exercise of the Warrants are received of the amount so deposited to its account. The Warrant Agent shall promptly confirm such telephonic
advice to the Company in writing. 

        The
Warrant Agent shall, by 11:00 A.M., New York City time, on the business day following the Exercise Date of any Warrant, advise the Company and the transfer agent and registrar
in respect of (a) the shares of Common Stock issuable upon such exercise as to the number of Warrants exercised in accordance with the terms and conditions of this Agreement, (b) the
instructions of each Registered Holder or Participant, as the case may be, with respect to delivery of the shares of Common Stock issuable upon such exercise, and the delivery of definitive Warrant
Certificates, as appropriate, evidencing the balance, if any, of the Warrants remaining after such exercise, (c) in case of a Book-Entry Warrant Certificate, the notation that shall
be made to the records maintained by the Depository, its nominee for each Book-Entry Warrant Certificate, or a Participant, as appropriate, 

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evidencing
the balance, if any, of the Warrants remaining after such exercise and (d) such other information as the Company or such transfer agent and registrar shall reasonably require. 

        The
Company shall, by 5:00 P.M., New York City time, on the third business day next succeeding the Exercise Date of any Warrant and the clearance of the funds in payment of the
Warrant Price, execute, issue and deliver to the Warrant Agent, the shares of Common Stock to which such Registered Holder or Participant, as the case may be, is entitled, in fully registered form,
registered in such name or names as may be directed by such Registered Holder or the Participant, as the case may be. Upon receipt of such shares of Common Stock, the Warrant Agent shall, by
5:00 P.M., New York time, on the fifth business day next succeeding such Exercise Date, transmit such shares of Common Stock to or upon the order of the Registered Holder or Participant, as the
case may be. 

        In
lieu of delivering physical certificates representing the shares of Common Stock issuable upon exercise, provided the Company's transfer agent is participating in the Depository Fast
Automated Securities Transfer program, the Company shall use its reasonable best efforts to cause its transfer agent to electronically transmit the shares of Common Stock issuable upon exercise to the
Registered Holder or the Participant by crediting the account of the Registered Holder's prime broker with the Depository or of the Participant through its Deposit/Withdrawal At Custodian system. The
time periods for delivery described in the immediately preceding paragraph shall apply to the electronic transmittals described herein. 

        The
accrual of dividends, if any, on the shares of Common Stock issued upon the valid exercise of any Warrant will be governed by the terms generally applicable to the shares of Common
Stock. From and after the issuance of such shares of Common Stock, the former holder of the Warrants exercised will be entitled to the benefits generally available to other holders of shares of Common
Stock and such former holder's right to receive payments of dividends and any other amounts payable in respect of the shares of Common Stock shall be governed by, and shall be subject to, the terms
and provisions generally applicable to such shares of Common Stock. 

        The
Company shall not be required to pay any stamp or other tax or governmental charge required to be paid in connection with any transfer involved in the issue of the shares of Common
Stock upon the exercise of Warrants; and in the event that any such transfer is involved, the Company shall not be required to issue or deliver any shares of Common Stock until such tax or other
charge shall have been paid or it has been established to the Company's satisfaction that no such tax or other charge is due. 

        3.2    Warrant Price.    Each Warrant shall, when countersigned by the Warrant Agent, entitle the Registered Holder
thereof, subject to the provisions of such Warrant and of this Agreement, to purchase from the Company the number of shares of Common Stock stated therein, at the price of $7.00 per whole share,
subject to the adjustments provided in Section 4 and in the last sentence of this Section 3.2. The term "Warrant Price" as used in this
Agreement refers to the price per share at which Common Stock may be purchased at the time a Warrant is exercised. The Company in its sole discretion may lower the Warrant Price at any time prior to
the Expiration Date (as defined below); provided, however, that any change in the Warrant Price must apply identically in percentage terms to all of the Warrants, and provided further that any
reduction in Warrant Price must remain in effect for at least twenty (20) business days. 

        3.3    Duration of Warrants.    A Warrant may be exercised only during the period (the
"Exercise Period") commencing on the later of (i) the completion of an acquisition by the Company of one or more domestic or international
operating businesses or assets through a merger, capital stock exchange, asset or stock acquisition, exchangeable share transaction or other similar business combination having collectively a fair
market value of at least 80% of the balance of the Trust Account (as defined in that certain Investment Management Trust Agreement to be entered into between the Company and American Stock
Transfer & Trust Company, as trustee), net of taxes and amounts permitted to be 

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disbursed
for working capital and excluding the deferred underwriting discounts and commissions held in the Trust Account, at the time of the acquisition (a "Business
Combination") and (ii) one year after the consummation of the Public Offering; and all Warrants shall terminate at 5:00 p.m., New York City time on the earlier to
occur of (a) five years after the consummation of the Public Offering and (b) the date fixed for calling the Warrants as provided in Section 6 of this Agreement (subject to
extension in limited circumstances) (the date on which the exercise period terminates, the "Expiration Date"); provided, however, that (x) the
Warrants shall not be exercisable and the Company shall not be obligated to issue Common Stock in respect thereof unless, at the time a holder seeks to exercise the Warrants, a prospectus relating to
the Common Stock issuable upon exercise of the Warrants is current and the Common Stock underlying the Warrants has been registered or qualified or deemed to be exempt under the securities laws of the
state of residence of the holder of the Warrants and (y) in addition to the exercise conditions set forth in this Section 3.2, the Founder Warrants may only be exercisable following the
consummation of a Business Combination if and when the last sale price of the Common Stock on the American Stock Exchange, or other national securities exchange on which the Common Stock may be
traded, exceeds $14.25 per share for any twenty (20) trading days within a thirty (30) trading day period after the consummation of such Business Combination. Except with respect to the
right to receive the Call Price (as set forth in Section 6 hereunder), each Warrant not exercised on or before the Expiration Date shall become void, and all rights thereunder and all rights in
respect thereof under this Agreement shall cease at the close of business on the Expiration Date. The Company in its sole discretion may extend the duration of the Warrants by delaying the Expiration
Date; provided, however, that any extension of the duration of the Warrants must apply equally to all of the Warrants. Should the Company wish to extend the Expiration Date of the Warrants, the
Company shall provide advance notice to the American Stock Exchange or other national securities exchange on which the Common Stock may be traded, and shall, if possible, provide at least two
(2) months advance notice to the American Stock Exchange or such other national securities exchange, but in no event will the Company provide less than twenty (20) days advance notice of
such extension to the American Stock Exchange or such other national securities exchange. 

        3.4    Exercise of Warrants.    

        3.4.1    Payment.    Subject to the provisions of the Warrant (including, but not limited to, the cashless exercise
provisions) and this Agreement, a Warrant, when countersigned by the Warrant Agent, may be exercised by the Registered Holder thereof by surrendering it, at the office of the Warrant Agent or at the
office of its successor as Warrant Agent, with the subscription form, as set forth in the Warrant, duly executed, and, except as set forth in Section 3.5, by paying in full, in lawful money of
the United States or by certified check or official bank draft payable to the order of the Company (or as otherwise agreed to by the Company), the Warrant Price for each full share of Common Stock as
to which the Warrant is exercised and any and all applicable taxes due in connection with the exercise of the Warrant, the exchange of the Warrant for the Common Stock and the issuance of the Common
Stock. 

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        3.4.2    Issuance of Certificates.    As soon as practicable after the exercise of any Warrant and the clearance of
the funds in payment of the Warrant Price, the Company shall issue to the Registered Holder of such Warrant a certificate or certificates evidencing the number of full shares of Common Stock to which
such holder is entitled, registered in such name or names as may be directed by him, her or it, and if such Warrant shall not have been exercised in full, a new countersigned Warrant for the number of
shares as to which such Warrant shall not have been exercised. Notwithstanding the foregoing, any shares of Common Stock issued hereunder may be issued in uncertificated or book-entry form
through the facilities of the Depository or other book-entry depositary system, in each case as determined by the Board of Directors of the Company or by an authorized committee thereof.
Notwithstanding the foregoing, the Company shall not be obligated to deliver any securities pursuant to the exercise of a Warrant, and shall have no obligation to settle the Warrant exercise unless a
registration statement under the Act with respect to the Common Stock underlying the Warrants is effective and a current prospectus is available, subject to the Company satisfying its obligations
under Section 7.4 to use its best efforts. In the event that a registration statement with respect to the Common Stock underlying a Warrant is not effective under the Act or a current
prospectus is not available, the holder of such Warrant shall not be entitled to exercise such Warrant. Notwithstanding anything to the contrary in this Agreement, under no circumstances will the
Company be required to net cash settle the exercise of the Warrants. Warrants may not be exercised by, and securities may not be issued to, any Registered Holder in any jurisdiction in which such
exercise would be unlawful. As a result of the provisions of this Section 3.4.2, any or all of the Warrants may expire unexercised. In no event shall the Registered Holder of a Warrant be
entitled to receive any monetary damages if the shares of Common Stock underlying the Warrants have not been registered by the Company pursuant to an effective registration statement or if a current
prospectus is not available for delivery by the Warrant Agent; provided that the Company has fulfilled its obligation to use its best efforts to effect such registration and ensure a current
prospectus is available for delivery by the Warrant Agent. 

        3.4.3    Valid Issuance.    All shares of Common Stock issued upon the proper exercise of a Warrant in conformity with
this Agreement shall be validly issued, fully paid and nonassessable. 

        3.4.4    Date of Issuance.    Each person in whose name any such certificate for shares of Common Stock is issued
shall for all purposes be deemed to have become the holder of record of such shares on the date on which the Warrant was surrendered and payment of the Warrant Price was made, irrespective of the date
of delivery of such certificate, except that, if the date of such surrender and payment is a date when the stock transfer books of the Company are closed, such person shall be deemed to have become
the holder of such shares at the close of business on the next succeeding date on which the stock transfer books are open. 

        3.5    Cashless Exercise.    

        3.5.1    Determination of Amount.    In lieu of the payment of the Warrant Price, a Registered Holder shall have the
right (but not the obligation) to convert any exercisable but unexercised Warrants into shares of Common Stock (the "Conversion Right") as follows: upon
exercise of the Conversion Right, the Company shall deliver to the holder (without payment by the holder of any of the Warrant Price in cash) that number of shares of Common Stock equal to the
quotient obtained by dividing (x) the Value (as defined below) of the Warrants being exercised by (y) the Current Market Value (as defined below). The "Value" of the Warrants being
exercised shall equal the amount derived from subtracting (a) (i) the Warrant Price multiplied by (ii) the number of shares of Common Stock issuable upon exercise of the Warrants being
converted from (b) (i) the Current Market Value of a share of Common Stock multiplied by (ii) the number of shares of Common Stock issuable upon exercise of the Warrants being converted;
provided that if the resulting quotient contains a fraction, such quotient will be rounded down to the nearest whole 

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number.
As used herein, the term "Current Market Value" per share of Common Stock at any date shall mean the average last sale price of the Common Stock
for the ten (10) trading days ending on the third trading day prior to the date on which the Warrant Agent receives the Registered Holder's Subscription Form, as reported in the principal
trading market for the Common Stock or quoted on the NASD OTC Bulletin Board (or its successor entity), as the case may be; provided, that if the fair market value of the Common Stock cannot be so
determined, the "Current Market Value" per share shall be determined by the Board of Directors of the Company, in good faith. 

        3.5.2    Mechanics of Cashless Exercise.    The Conversion Right may be exercised by a Registered Holder during the
Exercise Period by surrendering to the Warrant Agent (i) the Warrant Certificates evidencing the Warrants to be exercised and (ii) a properly completed and duly executed Subscription
Form, exercising the Conversion Right and specifying the total number of shares of Common Stock the Registered Holder will purchase pursuant to such Conversion Right;  provided that any holder that holds
Warrants in a brokerage account shall follow the procedures of such holder's broker and the Depository in order to
exercise the Conversion Right. 

4.     ADJUSTMENTS.  

        4.1    Stock Dividends; Split-Ups.    If after the date hereof, and subject to the provisions of
Section 4.6, the number of outstanding shares of Common Stock is increased by a stock dividend payable in shares of Common Stock, or by a split-up of shares of Common Stock, or
other similar event, then, on the effective date of such stock dividend, split-up or similar event, the number of shares of Common Stock issuable on exercise of each Warrant shall be
increased in proportion to such increase in outstanding shares of Common Stock. 

        4.2    Aggregation of Shares.    If after the date hereof, and subject to the provisions of Section 4.6, the
number of outstanding shares of Common Stock is decreased by a consolidation, combination, reverse stock split or reclassification of shares of Common Stock or other similar event, then, on the
effective date of such consolidation, combination, reverse stock split, reclassification or similar event, the number of shares of Common Stock issuable on exercise of each Warrant shall be decreased
in proportion to such decrease in outstanding shares of Common Stock. 

        4.3    Adjustments in Exercise Price.    Whenever the number of shares of Common Stock purchasable upon the exercise
of the Warrants is adjusted, as provided in Sections 4.1 and 4.2, the Warrant Price shall be adjusted (to the nearest cent) by multiplying such Warrant Price immediately prior to such adjustment by a
fraction (x) the numerator of which shall be the number of shares of Common Stock purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (y) the
denominator of which shall be the number of shares of Common Stock so purchasable immediately thereafter. 

        4.4    Replacement of Securities upon Reorganization.    In case of any reclassification or reorganization of the
outstanding shares of Common Stock (other than a change covered by Section 4.1 or 4.2 or that solely affects the par value of such shares of Common Stock), or in the case of any merger or
consolidation of the Company with or into another corporation (other than a consolidation or merger in which the Company is the continuing corporation and that does not result in any reclassification
or reorganization of the outstanding shares of Common Stock), or in the case of any sale or conveyance to another corporation or entity of the assets or other property of the Company as an entirety or
substantially as an entirety in connection with which the Company is dissolved, the Warrant holders shall thereafter have the right to purchase and receive, upon the basis and upon the terms and
conditions specified in the Warrants and in lieu of the shares of Common Stock of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby,
the kind and amount of shares of stock or other securities or property (including cash) receivable upon such reclassification, reorganization, merger or consolidation, or upon a 

8

 

dissolution
following any such sale or transfer, that the Warrant holder would have received if such Warrant holder had exercised his, her or its Warrant(s) immediately prior to such event; and if any
reclassification also results in a change in shares of Common Stock covered by Section 4.1 or 4.2, then such adjustment shall be made pursuant to Sections 4.1, 4.2, 4.3 and this
Section 4.4. The provisions of this Section 4.4 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers. 

        4.5    Notices of Changes in Warrant.    Upon every adjustment of the Warrant Price or the number of shares issuable
upon exercise of a Warrant, the Company shall give written notice thereof to the Warrant Agent, which notice shall state the Warrant Price resulting from such adjustment and the increase or decrease,
if any, in the number of shares purchasable at such price upon the exercise of a Warrant, setting forth in reasonable detail the method of calculation and the facts upon which such calculation is
based. Upon the occurrence of any event specified in Section 4.1, 4.2, 4.3 or 4.4, then, in any such event, the Company shall give written notice to each Warrant holder, at the last address set
forth for such holder in the Warrant Register, of the record date or the effective date of the event. Failure to give such notice, or any defect therein, shall not affect the legality or validity of
such event. 

        4.6    No Fractional Shares.    Notwithstanding any provision contained in this Agreement to the contrary, the Company
shall not issue fractional shares upon exercise of Warrants. If, by reason of any adjustment made pursuant to this Section 4, the holder of any Warrant would be entitled, upon the exercise of
such Warrant, to receive a fractional interest in a share, the Company shall, upon such exercise, round down to the nearest whole number the number of the shares of Common Stock to be issued to the
Warrant holder. 

        4.7    Form of Warrant.    The form of Warrant need not be changed because of any adjustment pursuant to this
Section 4, and Warrants issued after such adjustment may state the same Warrant Price and the same number of shares as is stated in the Warrants initially issued pursuant to this Agreement.
However, the Company may at any time in its sole discretion make any change in the form of Warrant that the Company may deem appropriate and that does not affect the substance thereof, and any Warrant
thereafter issued or countersigned, whether in exchange or substitution for an outstanding Warrant or otherwise, may be in the form as so changed. 

        4.8    Extraordinary Dividends.    If the Company, at any time during the Exercise Period, shall pay a dividend or
make a distribution in cash, securities or other assets to the holders of Common Stock (or other shares of the Company's capital stock into which the Warrants are convertible), other than
(w) as described in Section 4.1, 4.2 or 4.4, (x) regular quarterly or other periodic dividends, (y) in connection with the conversion rights of the holders of Common Stock
upon consummation of a Business Combination or (z) in connection with the Company's liquidation and the distribution of its assets upon its failure to consummate a Business Combination (any
such non-excluded event being referred to herein as an "Extraordinary Dividend"), then the Warrant Price shall be decreased, effective
immediately after the effective date of such Extraordinary Dividend, by the amount of cash and/or the fair market value (as determined by the Company's Board of Directors, in good faith) of any
securities or other assets paid on each share of Common Stock in respect of such Extraordinary Dividend. 

        4.9    Notice of Certain Transactions.    In the event that the Company shall (a) offer to holders of its
Common Stock rights to subscribe for or to purchase any securities convertible into shares of Common Stock or shares of stock of any class or any other securities, rights or options, (b) issue
any rights, options or warrants entitling the holders of Common Stock to subscribe for shares of Common Stock or (c) make a tender offer, redemption offer or exchange offer with respect to the
Common Stock, the Company shall send to the Warrant holders a notice of such action or offer. Such notice shall be mailed to the Registered Holders at their addresses as they appear in the Warrant
Register, which shall specify the record date for the purposes of such dividend, distribution or rights, or the date such issuance or event is to take place and the date of participation therein by
the holders of Common 

9

 

Stock,
if any such date is to be fixed, and shall briefly indicate the effect of such action on the Common Stock and on the number and kind of any other shares of stock and on other property, if any,
and the number of shares of Common Stock and other property, if any, issuable upon exercise of each Warrant and the Warrant Price after giving effect to any adjustment pursuant to this
Section 4 which would be required as a result of such action. Such notice shall be given as promptly as practicable after the Company has taken any such action. 

        4.10    Adjustments to Co-Investment Warrants.    For the purposes of the adjustments set forth in this
Section 4, the Co-Investment Warrants shall be treated as issued and outstanding from and after the consummation of the Public Offering. 

5.     TRANSFER AND EXCHANGE OF WARRANTS.  

        5.1    Transfer of Warrants.    Prior to the Detachment Date, the Public Warrants may be transferred or exchanged only
together with the Unit in which such Warrant is included, and only for the purpose of effecting, or in conjunction with, a transfer or exchange of such Unit. Furthermore, each transfer of a Unit on
the register relating to such Unit shall operate also to transfer the Warrant included in such Unit. From and after the Detachment Date this Section 5.1 will have no further force and effect. 

        5.2    Registration of Transfer.    The Warrant Agent shall register the transfer, from time to time, of any
outstanding Warrant upon the Warrant Register, upon surrender of such Warrant for transfer, properly endorsed with signatures properly guaranteed and accompanied by appropriate instructions for
transfer. Upon any such transfer, a new Warrant representing an equal aggregate number of Warrants shall be issued and the old Warrant shall be cancelled by the Warrant Agent. The Warrants so
cancelled shall be delivered by the Warrant Agent to the Company from time to time upon request. 

        5.3    Procedure for Surrender of Warrants.    Warrants may be surrendered to the Warrant Agent, together with a
written request for exchange or transfer, and thereupon the Warrant Agent shall issue in exchange therefor one or more new Warrants as requested by the Registered Holder of the Warrants so
surrendered, representing an equal aggregate number of Warrants; provided, however, that except as otherwise provided herein or in any Book-Entry Warrant Certificate, each
Book-Entry Warrant Certificate may be transferred only in whole and only to the Depository, to another nominee of the Depository, to a successor depository, or to a nominee of a successor
depository; provided, further, however, that in the event that a Warrant surrendered for transfer bears a restrictive legend, the Warrant Agent shall not cancel such Warrant and issue new Warrants in
exchange therefor until the Warrant Agent has received an opinion of counsel for the Company stating that such transfer may be made and indicating whether the new Warrants must also bear a restrictive
legend. 

        5.4    Fractional Warrants.    The Warrant Agent shall not be required to effect any registration of transfer or
exchange which will result in the issuance of a warrant certificate for a fraction of a warrant. 

        5.5    Service Charges.    No service charge shall apply to any holder of Warrants for any exchange or registration of
transfer of Warrants. 

        5.6    Warrant Execution and Countersignature.    The Warrant Agent is hereby authorized to countersign and to
deliver, in accordance with the terms of this Agreement, the Warrants required to be issued pursuant to the provisions of this Section 5, and the Company, whenever required by the Warrant
Agent, will supply the Warrant Agent with Warrants duly executed on behalf of the Company for such purpose. 

6.     CALL.  

        6.1    Call.    Subject to Section 6.4, not less than all of the outstanding Warrants may be called, at the
option of the Company, at any time after they become exercisable and prior to their expiration, at the office of the Warrant Agent, upon the notice referred to in Section 6.2, at the price of
$.01 per 

10

 

Warrant
(the "Call Price"), provided that (i) the last sale price of the Common Stock on the American Stock Exchange, or other national
securities exchange on which the Common Stock may be traded, has been at least $14.25 per share (the "Trigger Price") on each of twenty
(20) trading days within any thirty (30) trading day period ending on the third business day prior to the date on which notice of the call is given (the
"Measurement Period") and (ii) the Public Warrants and the Common Stock underlying such Warrants are covered by an effective registration
statement and a current prospectus is available from the beginning of the Measurement Period through the date fixed for the call; provided, further, that with respect to the Private Warrants, such
call right shall not be applicable so long as such Warrants are held by any of the Private Investors or their Permitted Transferees. 

        6.2    Call Date; Notice of Call.    In the event the Company shall elect to call all of the Warrants, the Company
shall fix a date for the call, which date shall be prior to the expiration of the Warrants (the "Call Date"). Notice of the call shall be mailed by
first class mail, postage prepaid, by the Company not less than thirty (30) days prior to the date fixed for the call to the Registered Holders of the Warrants to be called at their last
addresses as they shall appear in the Warrant Register. Any notice mailed in the manner herein provided shall be conclusively presumed to have been duly given on the date sent whether or not the
Registered Holder received such notice. In the event of any adjustment to the Warrant Price or the number of shares of Common Stock issuable on exercise of each Warrant as provided in
Section 4, a proportional adjustment shall be made to the Trigger Price. 

        6.3    Exercise after Notice of the Call.    The Warrants may be exercised for cash at any time after notice of the
call shall have been given by the Company pursuant to Section 6.2 and prior to the Call Date. On and after the Call Date, the record holder of the Warrants shall have no further rights except
to receive, upon surrender of the Warrants, the Call Price. 

        6.4    Outstanding Warrants Only.    The Company understands that the call rights provided for in this
Section 6 apply only to outstanding Warrants. To the extent a person holds rights to purchase Warrants, such purchase rights shall not be extinguished by the call. However, once such purchase
rights are exercised, the Company may call the Warrants issued upon such exercise provided that the criteria for the call set forth in Section 6.1 are met. 

7.     OTHER PROVISIONS RELATING TO RIGHTS OF HOLDERS OF WARRANTS.  

        7.1    No Rights as Stockholder.    A Warrant does not entitle the Registered Holder thereof to any of the rights of a
stockholder of the Company, including, without limitation, receiving dividends or other distributions, exercising any preemptive rights to vote or to consent or to receive notice as stockholders in
respect of the meetings of stockholders or the election of directors of the Company or any other matter. 

        7.2    Lost, Stolen, Mutilated, or Destroyed Warrants.    If any Warrant is lost, stolen, mutilated or destroyed, the
Company and the Warrant Agent may on such terms as to indemnity or otherwise as they may in their discretion impose (which shall, in the case of a mutilated Warrant, include the surrender thereof),
issue a new Warrant of like denomination, tenor, and date as the Warrant so lost, stolen, mutilated or destroyed. Any such new Warrant shall constitute a substitute contractual obligation of the
Company, whether or not the allegedly lost, stolen, mutilated or destroyed Warrant shall be at any time enforceable by anyone. 

        7.3    Reservation of Common Stock.    The Company shall at all times reserve and keep available a number of its
authorized but unissued shares of Common Stock that will be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Agreement. 

        7.4    Registration of Common Stock.    The Company agrees that, prior to the commencement of the Exercise Period, it
shall file with the SEC a new registration statement, for the registration under the Act of, and it shall take such action as is necessary to qualify for sale, in those states in which the 

11

 

Public
Warrants were initially offered by the Company, the Common Stock issuable upon exercise of the Public Warrants. In either case, the Company will use its best efforts to cause the same to become
effective on or prior to the commencement of the Exercise Period and use its best efforts to maintain the effectiveness of such registration statement and ensure that a current prospectus is on file
with the SEC until the expiration of the Warrants in accordance with the provisions of this Agreement; provided, however, that the Company shall not be obligated to deliver securities, and shall not
have penalties for failure to deliver securities, if a registration statement is not effective or a current prospectus is not on file with the SEC at the time of exercise by the holder. 

        7.5    Delivery of Prospectus or Notice.    Upon the exercise of any Warrant, if the Company requests, the Warrant
Agent shall deliver to the Holder of such Warrant, prior to or concurrently with the delivery of the shares of Common Stock issued upon such exercise, in accordance with the Company's request, either
(i) a prospectus relating to the shares of Common Stock deliverable upon exercise of Warrants and complying in all material respects with the Act or (ii) the notice referred to in
Rule 173 under the Act. 

8.     CONCERNING THE WARRANT AGENT AND OTHER MATTERS.  

        8.1    Payment of Taxes.    The Company will from time to time promptly pay all taxes and charges that may be imposed
upon the Company or the Warrant Agent in respect of the issuance or delivery of shares of Common Stock upon the exercise of Warrants, but the Company shall not be obligated to pay any transfer taxes
in respect of the Warrants or such shares of Common Stock. 

        8.2    Resignation, Consolidation or Merger of Warrant Agent.    

        8.2.1    Appointment of Successor Warrant Agent.    The Warrant Agent, or any successor to it hereafter appointed, may
resign its duties and be discharged from all further duties and liabilities hereunder after giving sixty (60) days' notice in writing to the Company. If the office of the Warrant Agent becomes
vacant by resignation or incapacity to act or otherwise, the Company shall appoint in writing a successor Warrant Agent in place of the Warrant Agent. If the Company shall fail to make such
appointment within a period of sixty (60) days after it has been notified in writing of such resignation or incapacity by the Warrant Agent or by the holder of a Warrant (who shall, with such
notice, submit his Warrant for inspection by the Company), then the holder of any Warrant may apply to the Supreme
Court of the State of New York for the County of New York for the appointment of a successor Warrant Agent at the Company's cost. 

        Any
successor Warrant Agent, whether appointed by the Company or by such court, shall be a corporation organized and existing under the laws of the State of New York in good standing and
having its principal office in the Borough of Manhattan, City and State of New York, and shall be authorized under such laws to exercise corporate trust powers and subject to supervision or
examination by federal or state authority. After appointment, any successor Warrant Agent shall be vested with all the authority, powers, rights, immunities, duties and obligations of its predecessor
Warrant Agent with like effect as if originally named as Warrant Agent hereunder, without any further act or deed; but if for any reason it becomes necessary or appropriate, the predecessor Warrant
Agent shall execute and deliver, at the expense of the Company, an instrument transferring to such successor Warrant Agent all the authority, powers, rights, immunities, duties and obligations of such
predecessor Warrant Agent hereunder; and upon request of any successor Warrant Agent, the Company shall make, execute, acknowledge and deliver any and all instruments in writing for more fully and
effectually vesting in and confirming to such successor Warrant Agent all such authority, powers, rights, immunities, duties and obligations. 

        8.2.2    Notice of Successor Warrant Agent.    In the event a successor Warrant Agent shall be appointed, the Company
shall give notice thereof to the predecessor Warrant Agent, Deutsche 

12

 

Bank
Securities Inc., as representative of the several underwriters (the "Representative"), and the transfer agent for the Common Stock not later
than the effective date of any such appointment. 

        8.2.3    Merger or Consolidation of Warrant Agent.    Any corporation into which the Warrant Agent may be merged or
with which it may be consolidated or any corporation resulting from any merger or consolidation to which the Warrant Agent shall be a party shall be the successor Warrant Agent under this Agreement,
without any further act or deed. 

        8.3    Fees and Expenses of Warrant Agent.    

        8.3.1    Remuneration.    The Company agrees to pay the Warrant Agent reasonable remuneration for its services as
Warrant Agent hereunder and will reimburse the Warrant Agent upon demand for all expenditures that the Warrant Agent may reasonably incur in the execution of its duties hereunder. 

        8.3.2    Further Assurances.    The Company agrees to perform, execute, acknowledge and deliver or cause to be
performed, executed, acknowledged and delivered all such further and other acts, instruments, and assurances as may reasonably be required by the Warrant Agent for the carrying out or performing of
the provisions of this Agreement. 

        8.4    Liability of Warrant Agent.    

        8.4.1    Reliance on Company Statement.    Whenever in the performance of its duties under this Agreement, the Warrant
Agent shall deem it necessary or desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder, such fact or matter (unless other evidence
in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved and established by a statement signed by the Chief Executive Officer, President or Chairman of the Board
of Directors of the Company and delivered to the Warrant Agent. The Warrant Agent may rely upon such statement for any action taken or suffered in good faith by it pursuant to the provisions of this
Agreement. 

13

  

        8.4.2    Indemnity.    The Warrant Agent shall be liable hereunder only for its own negligence, willful misconduct or
bad faith. The Company agrees to indemnify the Warrant Agent and save it harmless against any and all liabilities, including judgments, costs and reasonable counsel fees, for anything done or omitted
by the Warrant Agent in the execution of this Agreement except as a result of the Warrant Agent's negligence, willful misconduct or bad faith. 

        8.4.3    Exclusions.    The Warrant Agent shall have no responsibility with respect to the validity of this Agreement
or with respect to the validity or execution of any Warrant (except its countersignature thereof); nor shall it be responsible for any breach by the Company of any covenant or condition contained in
this Agreement or in any Warrant; nor shall it be responsible to make any adjustments required under the provisions of Section 4 or responsible for the manner, method or amount of any such
adjustment or the ascertaining of the existence of facts that would require any such adjustment; nor shall it by any act hereunder be deemed to make any representation or warranty as to the
authorization or reservation of any shares of Common Stock to be issued pursuant to this Agreement or any Warrant or as to whether any shares of Common Stock will, when issued, be valid and fully paid
and nonassessable. 

        8.5    Acceptance of Agency.    The Warrant Agent hereby accepts the agency established by this Agreement and agrees
to perform the same upon the terms and conditions herein set forth and, among other things, shall account promptly to the Company with respect to Warrants exercised and concurrently account for and
pay to the Company all moneys received by the Warrant Agent for the purchase of shares of Common Stock through the exercise of Warrants. 

        8.6    Waiver.    The Warrant Agent hereby waives any and all right, title, interest or claim of any kind
("Claim") in or to any distribution of the Trust Account, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim
against the Trust Account for any reason whatsoever. 

9.     MISCELLANEOUS PROVISIONS.  

        9.1    Successors.    All the covenants and provisions of this Agreement by or for the benefit of the Company or the
Warrant Agent shall bind and inure to the benefit of their respective successors and assigns. 

        9.2    Notices.    Any notice or other communication required or which may be given hereunder shall be in writing and
shall be sent by certified or registered mail, by private national courier service (return receipt requested, postage prepaid), by personal delivery or by facsimile transmission. Such notice or
communication shall be deemed given (a) if mailed, two business days after the date of mailing, (b) if sent by national courier service, one business day after being sent, (c) if
delivered personally, when so delivered, or (d) if sent by facsimile transmission, on the second business day after such facsimile is transmitted, in each case as follows: 

if
to the Warrant Agent, to: 

American
Stock Transfer & Trust Company

59 Maiden Lane

New York, New York 10038

Attn: George Karfunkel

Fax: (718) 331-1852 

14

 

if
to the Company, to: 

Third
Wave Acquisition Corp.

591 West Putnam Avenue

Greenwich, Connecticut 06830

Attn: Barry S. Sternlicht, Chief Executive Officer

Fax: (203) 422-7700 

if
to the Representative, to: 

Deutsche
Bank Securities Inc.

60 Wall Street

New York, New York 10005

Attn: Syndicate Manager

Fax: (212) 797-9344 

with
a copy to: 

Debevoise &
Plimpton LLP

919 Third Avenue

New York, New York 10022

Attn: Peter J. Loughran, Esq.

Fax: (212) 909-6836 

in
each case with a copy to: 

Skadden,
Arps, Slate, Meagher & Flom LLP

300 South Grand Avenue, Suite 3400

Los Angeles, California 90071

Attn: Gregg A. Noel, Esq.

Fax: (213) 687-5600 

        9.3    Applicable Law.    This Agreement and the Warrants shall be governed by, and construed in accordance with, the
laws of the State of New York applicable to contracts executed in and to be performed in that State, including, without limitation, Sections 5-1401 and 5-1402 of the New York
General Obligations Law and the New York Civil Practice Laws and Rules 327(b). The Company 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 or the United States District Court for the Southern District of New York, and the Company irrevocably submits to
such jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Any such process
or summons to be served upon the Company may be served by transmitting a copy thereof by registered or certified mail, return receipt requested, postage prepaid, addressed to it at the address set
forth in Section 9.2. Such mailing shall be deemed personal service and shall be legal and binding upon the Company in any action, proceeding or claim. 

        9.4    Waiver of Trial by Jury.    Each party hereto hereby irrevocably and unconditionally waives the right to a
trial by jury in any action, suit, counterclaim or other proceeding (whether based on contract, tort or otherwise) arising out of, connected with or relating to this Agreement, the transactions
contemplated hereby, or the actions of the Private Investors in the negotiation, administration, performance or enforcement hereof. 

        9.5    Persons Having Rights under this Agreement.    Nothing in this Agreement expressed and nothing that may be
implied from any of the provisions hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than the parties hereto and the Registered Holders of the
Warrants and, for the purposes of Sections 2.6, 6.1, 6.4, 7.4 and 9.2, the Representative, 

15

 

any
right, remedy, or claim under or by reason of this Agreement or of any covenant, condition, stipulation, promise, or agreement hereof. The Representative shall be deemed to be third-party
beneficiaries of this Agreement with respect to Sections 2.6, 6.1, 6.4, 7.4 and 9.2. All covenants, conditions, stipulations, promises, and agreements contained in this Agreement shall be for the sole
and exclusive benefit of the parties hereto (and the Representative with respect to Sections 2.6, 6.1, 6.4, 7.4 and 9.2) and their successors and assigns and the Registered Holders of the Warrants. 

        9.6    Examination of this Agreement.    A copy of this Agreement shall be available at all reasonable times at the
office of the Warrant Agent in the Borough of Manhattan, City and State of New York, for examination by the Registered Holder of any Warrant. Prior to such examination, the Warrant Agent may require
any such holder to submit his Warrant for inspection by it. 

        9.7    Counterparts.    This Agreement may be executed in any number of original or facsimile counterparts and each of
such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. This Agreement or any counterpart may be
executed via facsimile or electronic mail transmission, and any such executed facsimile or electronic mail copy shall be treated as an original. 

        9.8    Effect of Headings.    The section headings herein are for convenience only and are not part of this Agreement
and shall not affect the interpretation hereof. 

        9.9    Amendments.    This Agreement may be amended by the parties hereto without the consent of any Registered Holder
for the purpose of curing any ambiguity, or curing, correcting or supplementing any defective provision contained herein, or adding or changing any other provisions with respect to matters or
questions arising under this Agreement as the parties may deem necessary or desirable and that the parties deem shall not adversely affect the interest of the Registered Holders. All other
modifications or amendments, including, but not limited to, any amendment to increase the Warrant Price or shorten the Exercise Period, shall require the written consent of each of the Representative
and the Registered Holders of a majority of the then outstanding Warrants. Notwithstanding the foregoing, the Company may lower the Warrant Price or extend the duration of the Exercise Period in
accordance with Sections 3.2 and 3.3 without such consent. 

[Remainder of page intentionally left blank]

16

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

	 	 	THIRD WAVE ACQUISITION CORP.
	

 	
 	

By:	

/s/  MATTHEW EBY      

	 	 	 	Name:	Matthew Eby
	 	 	 	Title:	Chief Financial Officer
	

 	
 	

AMERICAN STOCK TRANSFER & TRUST COMPANY
	

 	
 	

By:	

/s/  HERBERT J. LEMMER      

	 	 	 	Name:	Herbert J. Lemmer
	 	 	 	Title:	Vice President

[Second Amended and Restated Warrant Agreement] 

Exhibit A  

 
 

Private Investors    

BSS
Third Wave Investors LLC

Arrow Third Wave LLC

David Chu

Harald Ludwig

Hamilton South

Strauss Zelnick 

QuickLinks

Exhibit 4.4

SECOND AMENDED AND RESTATED WARRANT AGREEMENT

Private InvestorsQuickLinks
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Exhibit 10.1    
    

 
 

INVESTMENT MANAGEMENT TRUST AGREEMENT    
    

        This Investment Management Trust Agreement (this "Agreement") is made as
of                        , 2008 by and between Third Wave Acquisition Corp. (the
"Company") and American Stock Transfer & Trust Company (the "Trustee"). 

        WHEREAS,
the Company's Registration Statement on Form S-1, as amended, No. 333-147524 (together with any registration statement filed pursuant to
Rule 462(b), 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"); 

        WHEREAS,
Deutsche Bank Securities Inc. ("Deutsche Bank") is acting as the representative of the underwriters in the IPO
(collectively, the "Underwriters"); 

        WHEREAS,
the Company has agreed to issue warrants in a private placement that will occur prior to the IPO (the "Private Placement"); 

        WHEREAS,
as described in the Registration Statement, and in accordance with the Company's Amended and Restated Certificate of Incorporation (the "Amended and Restated Certificate"), an
aggregate of $344,750,000 ($395,412,500 if the Underwriters' over-allotment option is exercised in full), which is comprised of (i) the net proceeds of the IPO (except as provided
in the Registration Statement); (ii) the $7,800,000 received by the Company in exchange for its warrants pursuant to the Private Placement; and (iii) an additional $12,250,000 (or
$14,087,500 if the Underwriters' over-allotment option is exercised in full) of the proceeds of the IPO, representing deferred underwriting discounts and commissions (the
"Deferred Discount"), which Deutsche Bank has agreed to deposit in the Trust Account (as defined below), will be delivered to the
Trustee to be deposited and held in the Trust Account for the benefit of the Company and the holders of the Company's common stock, par value $0.001 per share (the "Common
Stock"), included in the units of the Company's securities issued in the IPO (the "Units"), and Deutsche Bank. The amount to be
delivered to the Trustee will be referred to herein as the "Property," the stockholders for whose benefit the Trustee shall hold the Property will be
referred to as the "Public Stockholders," and the Public Stockholders, Deutsche Bank and the Company will be collectively referred to as the
"Beneficiaries"); and 

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

        NOW,
THEREFORE, in consideration of the foregoing and the mutual covenants and agreements herein contained, the parties hereto agree as follows: 

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

        (a)   hold
the Property in trust for the Beneficiaries in accordance with the terms of this Agreement, in a segregated trust account (the "Trust
Account") established by the Trustee at Deutsche Bank Trust Company Americas; 

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

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

1

 

of
the Company, the Trustee shall be required to (1) invest such requested amount directly in United States treasury bonds, bills or notes
("Treasuries") identified by the Company and (2) sell, transfer or otherwise dispose of Treasuries identified by the Company; provided, further,
that the amount of Treasuries held at any time may not exceed $10,000,000; 

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

        (e)   notify
the Company and Deutsche Bank 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 Trust Account or
the Company; 

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

        (h)   render
to the Company, and to such other persons 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; 

        (i)    release
to the Company each month the interest earned on the Property, until a maximum of $5,950,000 of such interest has been released to the Company from the Trust
Account, unless the Trustee has received notice from the Company that any interest income should be set aside to pay taxes in accordance with Section 1(j); 

        (j)    upon
written instructions from the Company, deliver to the Company or to such governmental entity or taxing authority as the Company shall direct, on a quarterly basis,
from the Property in the Trust Account, an amount equal to the taxes payable by the Company, if any, relating to interest earned on the Property and any franchise taxes payable by the Company; 

        (k)   upon
written instructions from the Company, deliver to the Company from the Property in the Trust Account amounts necessary to satisfy the exercise of stockholder
conversion rights in accordance with Paragraph (D) of Article SIXTH of the Amended and Restated Certificate in connection with the approval of an Extension Period (as defined in the
Amended and Restated Certificate); 

        (l)    upon
written instructions from the Company, deliver to the Company up to $50,000 of the interest earned on the Property in the Trust Account for the purpose of paying
the Company's costs and expenses of implementing a plan of distribution in connection with the dissolution and liquidation of the Company in the event that the Company fails to consummate an
acquisition of one or more domestic or international operating businesses or assets through a merger, capital stock exchange, asset or stock acquisition, exchangeable share transaction or other
similar business combination having collectively a fair market value of at least 80% of the balance of the Trust Account, net of taxes and amounts permitted to be disbursed for working capital and
excluding the deferred underwriting discounts and commissions held in the Trust Account, at the time of the acquisition (a "Business Combination");
provided that such amounts will be delivered to the Company only to the extent that there remains in the Trust Account interest earned on the Property in excess of taxes payable by the Company
relating to the interest earned on the Property; 

        (m)  commence
liquidation of the Trust Account only upon receipt of and only in accordance with the terms of a letter (the "Termination
Letter"), in a form substantially similar to that attached hereto as Exhibit A or Exhibit B, signed on behalf of the Company by its Chief Executive Officer or
Chief Financial Officer, and complete the liquidation of the Trust Account and distribute the Property in the Trust Account only as directed in the Termination Letter and the other documents referred
to therein. The Trustee understands and agrees that, except as provided in Section 1(i), 1(j), 1(k) and 1(l) hereof, 

2

 

disbursements
from the Trust Account shall be made only pursuant to a duly executed Termination Letter; and 

        (n)   as
of the date 24 months from the consummation of the IPO (or if an Extension Period is approved in accordance with the terms of the Amended and Restated
Certificate, the last day of the Extension Period), if the Company has failed to (1) consummate a Business Combination (the "Termination Date")
or (2) deliver to the Trustee a notice stating that the time of termination has been extended by not more than twelve months following the Termination Date (in which case the date set forth in
such notice shall be deemed to be the "Termination Date" for all subsequent purposes under this Agreement), commence liquidation of the Trust Account. The Trustee, upon consultation with and receipt
of written instruction from the Company and Deutsche Bank, shall deliver a notice to Public Stockholders of record as of the Termination Date, by U.S. mail or via the Depository Trust Company
("DTC"), within five business days of the Termination Date, to notify the Public Stockholders of such event and take such other actions as the Company
and Deutsche Bank may direct to inform the Public Stockholders. Thereafter, the Trustee shall deliver to each Public Stockholder its ratable share of the Property against satisfactory evidence of
delivery of the stock certificates (or, for shares of Common Stock held in book-entry form, against satisfactory evidence of cancellation of such shares) by the Public Stockholders to the
Company through DTC, its Deposit/Withdrawal At Custodian (DWAC) system or as otherwise presented to the Trustee. 

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

        (a)   to
provide all instructions to the Trustee hereunder in writing, signed by the Company's Chief Executive Officer. In addition, except with respect to its duties under
Sections 1(i), 1(j), 1(k), 1(l), 1(m) and 1(n) above, the Trustee shall be entitled to rely on, and shall be protected in relying on, any verbal or telephonic advice or instruction that it in
good faith believes to be given by any one of the persons authorized above to give written instructions, provided that the Company and/or Deutsche Bank shall promptly confirm such instructions in
writing; 

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

        (c)   to
pay the Trustee a fee of $3,000, which shall be the full amount owing to the Trustee hereunder. It is expressly understood that the Property shall not be used to pay
such fee. The Company shall pay the Trustee such fee upon the consummation of the IPO. The Company shall not be responsible for any other fees or charges of the Trustee, except as set forth in this
Section 2(c) and as may be provided in Section 2(b) hereof (it being expressly understood that the Property shall not be used to make any payments to the Trustee under such Sections); 

        (d)   within
five business days (or as soon as practicable thereafter) following the earliest to occur of (i) the expiration or termination of the Underwriters'
over-allotment option granted by the Company 

3

 

in
connection with the IPO, (ii) its exercise in full and (iii) the Underwriters' determination not to exercise all or any remaining portion of the over-allotment option, to
provide the Trustee notice in writing (with a copy to Deutsche Bank) of the total amount of the Deferred Discount, which shall in no event be less than $12,250,000; and 

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

3.    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 Section 1 hereof; 

        (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 written 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 Section 1(c); 

        (d)   refund
any depreciation in principal of any Property invested in accordance with Section 1(c); 

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

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

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

        (h)   verify
calculations, qualify or otherwise approve Company requests for distributions pursuant to Sections 1(i), 1(j), 1(k) and 1(l) above. 

4.    No Right of Set-Off.    The Trustee waives any right of set-off or any right, title, interest or claim
of any kind that the Trustee may have against the Property held in the Trust Account. In the event that the Trustee has a claim against the Company under this Agreement, including, without limitation,
under Section 2(b), the Trustee will pursue such claim solely against the Company and not against the Property held in the Trust Account. 

4

 

5.    Termination.    This Agreement shall terminate as follows: 

        (a)   If
the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company shall use its reasonable efforts to locate a successor
trustee during which time the Trustee shall continue to act in accordance with the terms of this Agreement. 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 90 days of receipt of the resignation notice from the Trustee, the Trustee may, upon written notice to the Company, 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 Section 1(m) hereof, and distributed the
Property in accordance with the provisions of the Termination Letter, this Agreement shall terminate except with respect to Section 2(b) hereof. 

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 C. 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 and of any change in its authorized personnel. 

        (b)   This
Agreement may be executed by facsimile and in several counterparts, which together shall constitute but one instrument. 

        (c)   This
Agreement shall be governed by, and construed in accordance with, the laws of the State of New York applicable to contracts executed in and to be performed in that
State, including, without limitation, Sections 5-1401 and 5-1402 of the New York General Obligations Law and the New York Civil Practice Laws and Rules 327(b). The
parties hereto agree 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 or the
United States District Court for the Southern District of New York, and the parties hereto irrevocably submit to such jurisdiction, which jurisdiction shall be exclusive. The parties hereto hereby
waive any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. 

        (d)   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 only be changed, amended or modified by a writing signed by each of the parties hereto; provided that such action shall not materially adversely affect the interests of the Public Stockholders.
Any other change, waiver, amendment or modification to this Agreement shall be subject to approval by a majority of the Public Stockholders. As to any claim, cross-claim or counterclaim in any way
relating to this Agreement, each party waives the right to trial by jury. 

        (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 certified or
registered mail, by private national courier service (return receipt requested, postage prepaid), by personal delivery or by facsimile 

5

 

transmission.
Such notice or communication shall be deemed given (i) if mailed, two days after the date of mailing, (ii) if sent by national courier service, one business day after being
sent, (iii) if delivered personally, when so delivered, or (iv) if sent by facsimile transmission, on the second business day after such facsimile is transmitted, in each case as
follows: 

If
to the Trustee, to: 

American
Stock Transfer & Trust Company

59 Maiden Lane

New York, New York 10038

Attn: George Karfunkel

Fax: (718) 331-1852 

If
to the Company, to: 

Third
Wave Acquisition Corp.

591 West Putnam Avenue

Greenwich, Connecticut 06830

Attn: Matthew Eby

Fax: (203) 273-7802 

In
either case with a copy to: 

Skadden,
Arps, Slate, Meagher & Flom LLP

300 South Grand Avenue, Suite 3400

Los Angeles, California 90071

Attn: Gregg A. Noel, Esq.

Fax: (213) 687-5600 

If
to Deutsche Bank or the Underwriters, to: 

Deutsche
Bank Securities Inc.

60 Wall Street

New York, New York 10005

Attn: Syndicate Manager

Fax: (212) 797-9344 

With
a copy to: 

Debevoise &
Plimpton LLP

919 Third Avenue

New York, New York 10022

Attn: Peter J. Loughran

Fax: (212) 909-6836 

        (f)    This
Agreement may not be assigned by the Trustee without the prior written consent of the Company and Deutsche Bank. This Agreement may be assigned by the Company to a
wholly-owned subsidiary of the Company upon written notice to the Trustee. 

        (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 hereby consents to the inclusion of American Stock Transfer & Trust Company in the Registration Statement and other materials relating to the IPO. 

        (i)    Deutsche
Bank shall be a third party beneficiary of this Agreement. 

[Remainder
of document intentionally left blank. Signature page to follow.] 

6

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

	 	 	AMERICAN STOCK TRANSFER & TRUST COMPANY, as Trustee
	 	 	 	 
	 	 	By:	 
	 	 	 	
 Name:

Title:
	 	 	 	 
	 	 	 	 
	 	 	THIRD WAVE ACQUISITION CORP.
	 	 	 	 
	 	 	By:	 
	 	 	 	
 Name:

Title:

 
 

EXHIBIT A    
    
    [LETTERHEAD OF COMPANY]    
    

[DATE]  

American
Stock Transfer & Trust Company

59 Maiden Lane

New York, New York 10038

Attn: George Karfunkel 

	Re:
	Trust
Account No. [                        ] Termination Letter 

Gentlemen: 

        Pursuant
to Section 1(m) of the Investment Management Trust Agreement (the "Trust Agreement") between Third Wave Acquisition Corp. (the "Company") and American Stock
Transfer & Trust Company (the "Trustee"), dated as of [                        ], 2008 (the "Trust Agreement"), this is
to advise you that the Company has entered into an
agreement with                        (the "Target Business") to consummate a business combination with Target Business (a
"Business Combination") on or about [INSERT DATE]. The
Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (the "Consummation Date"). Capitalized terms used herein and not
otherwise defined shall have the meaning ascribed to them in the Trust Agreement. 

        Pursuant
to Section 2(e) of the Trust Agreement, we are providing you with [an affidavit] [a certificate] of                        ,
which
verifies the vote of the Company's stockholders in connection with the Business Combination. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence liquidation of the
Trust Account to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company and
Deutsche Bank shall direct in writing on the Consummation Date. 

        On
the Consummation Date, (i) counsel for the Company ("Company Counsel") shall deliver to you written notification that the Business Combination has been consummated and
(ii) the Company shall deliver to you written instructions (the "Instruction Letter") with respect to the transfer of the funds held in the Trust Account, including, but not limited to,
(a) funds to be delivered to any Public Stockholder that has properly exercised its conversion rights (as described in the Registration Statement), (b) pursuant to the terms of the
Underwriting Agreement (the "Underwriting Agreement"), dated as of                        , 2008, among the Company and Deutsche
Bank Securities Inc. ("Deutsche Bank") (on behalf of the several
underwriters), the portion of the Property attributable to the Deferred Discount, subject to reduction to the extent the Company's stockholders exercise conversion rights, such reduction as described
in the Underwriting Agreement, and (c) the portion of the Property to be released to the Company in connection with the consummation of the Business Combination. 

        You
are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of Company Counsel's notification and the Instruction Letter, in
accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the
Company of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company or, with respect to the
Deferred Discount, to Deutsche Bank (on behalf of the several underwriters); provided, however, that if the Company does not direct you to release the Deferred Discount within ten business days after
the Consummation Date, you shall release such Deferred Discount to Deutsche Bank (on behalf of the several underwriters) upon a written request from Deutsche Bank. 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 Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation
Date of a new Consummation Date, then the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately following the Consummation Date as set
forth in the notice. 

	 	 	Very truly yours,
	

 	
 	

THIRD WAVE ACQUISITION CORP.
	

 	
 	

By:	

    

	 	 	 	Name:
	 	 	 	Title:

 
 

EXHIBIT B    
    
    [LETTERHEAD OF COMPANY]    
    

[DATE]  

American
Stock Transfer & Trust Company

59 Maiden Lane

New York, New York 10038

Attn: George Karfunkel 

	Re:
	Trust
Account No. [                        ] Termination Letter 

Gentlemen:

        Pursuant
to Section 1(m) of the Investment Management Trust Agreement (the "Trust Agreement") between Third Wave Acquisition Corp. (the "Company") and American Stock
Transfer & Trust Company (the "Trustee"), dated as of [                        ], 2008 (the "Trust Agreement"), this is
to advise you that the Company has been dissolved due to
the Company's inability to effect a Business Combination within the time frame specified in the Registration Statement. Capitalized terms used herein and not otherwise defined shall have the meaning
ascribed to them in the Trust Agreement. 

        In
accordance with the terms of the Trust Agreement, we hereby authorize you to commence liquidation of the Trust Account as promptly as practicable to stockholders of record as of the
Termination Date. You will notify the Company in writing as to when all of the funds in the Trust Account will be available for immediate transfer in accordance with the terms of the Trust Agreement,
the Amended and Restated Certificate of Incorporation of the Company and the Company's instructions. You shall commence distribution of funds in accordance with the terms of the Trust Agreement, the
Amended and Restated Certificate of Incorporation of the Company and the Company's instructions, and you shall oversee the distribution of the funds. Upon the distribution of all the funds in the
Trust Account, your obligation under the Trust Agreement shall be terminated. 

	 	 	Very truly yours,
	

 	
 	

THIRD WAVE ACQUISITION CORP.
	

 	
 	

By:	

    

	 	 	 	Name:
	 	 	 	Title:

 
 

EXHIBIT C    
    

	AUTHORIZED INDIVIDUAL(S)

FOR TELEPHONE CALL BACK	 	AUTHORIZED

TELEPHONE NUMBER(S)
	

Company:	
 	

 
	

Third Wave Acquisition Corp.

591 West Putnam Avenue

Greenwich, Connecticut 06830

Attn: Barry S. Sternlicht, Chief Executive Officer	
 	

(203) 422-7702
	

Trustee:	
 	

 
	

American Stock Transfer & Trust Company

59 Maiden Lane

New York, New York 10038

Attn: George Karfunkel	
 	

(718) 921-8201
	

Deutsche Bank:	
 	

 
	

Deutsche Bank Securities Inc.

60 Wall Street

New York, NY 10005

Attn: Syndicate Manager	
 	

(212) 250-5845

QuickLinks

Exhibit 10.1

INVESTMENT MANAGEMENT TRUST AGREEMENT

EXHIBIT A [LETTERHEAD OF COMPANY]

EXHIBIT B [LETTERHEAD OF COMPANY]

EXHIBIT C

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