Document:

INVESTMENT
      MANAGEMENT TRUST AGREEMENT

    

    This
      Agreement is made as of ________, 2008 by and between Global Alternative Asset
      Management, Inc. (the “Company”) and Continental Stock Transfer & Trust
      Company (“Trustee”).

    

    WHEREAS,
      the Company’s registration statement on Form S-1, No. 333-146899
      (“Registration Statement”), for its initial public offering of securities
      (“IPO”) has been declared effective as of the date hereof (“Effective Date”) by
      the Securities and Exchange Commission (capitalized terms used herein and not
      otherwise defined shall have the meanings set forth in the Registration
      Statement); and 

    

    WHEREAS,
      EarlyBirdCapital, Inc. (“EBC”) is acting as the representative of the
      underwriters in the IPO; and

    

    WHEREAS,
      as described in the Registra-tion Statement, and in accordance with the
      Company’s Amended and Restated Certificate of Incorporation, $152,500,000 of the
      gross proceeds of the IPO and sale of the Sponsors’ Warrants (or $174,325,000)
      if the underwriters’ over-allotment option is exercised in full) will be
      delivered to the Trustee to be deposited and held in a trust account for the
      benefit of the Company and the holders of the Company’s common stock, par value
      $.0001 per share, issued in the IPO as hereinafter provided (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 and the
      Company will be referred to together as the “Beneficiaries”); and 

    

    WHEREAS,
      the Company and the Trustee desire to enter into this Agreement to set forth
      the
      terms and con-di-tions pursuant to which the Trustee shall hold the
      Property;

    

    IT
      IS
      AGREED:

    

    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 (“Trust Account”) established by the
      Trustee; 

    

    (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 United States “government securities” within the meaning of Section
      2(a)(16) of the Investment Company Act of 1940 having a maturity of 180 days
      or
      less,
      and/or in any open ended investment company registered under the Investment
      Company Act of 1940 that holds itself out as a money market fund selected by
      the
      Company meeting the conditions of paragraphs (c)(2), (c)(3) and (c)(4) of Rule
      2a-7 promulgated under the Investment Company Act of 1940, as determined by
      the
      Company;

    

    (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 EBC of all communications received by it with respect to any
      Property requiring action by the Company;

    

    (f) Supply
      any necessary information or docu-ments as may be requested by the Company
      in
      connection with the Com-pany’s preparation of the tax returns for the Trust
      Account;

    

    (g) Participate
      in any plan or proceeding for protect-ing or enforcing any right or interest
      arising from the Property if, as and when instructed by the Company and/or
      EBC
      to do so;

    

    (h) Render
      to
      the Company and to EBC, and to such other person as the Company may instruct,
      monthly written statements of the activities of and amounts in the Trust Account
      reflecting all receipts and disbursements of the Trust Account; and

    

    (i) Commence
      liquidation of the Trust Account only after and promptly after receipt of,
      and
      only in accordance with, the terms of a letter (“Termination Letter”), in a
      form substantially similar to that attached hereto as either Exhibit A or
      Exhibit B hereto, signed on behalf of the Company by its Chief Executive
      Officer or Chairman of the Board and Secre-tary or Assistant Secretary or other
      authorized officer of the Company, 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; provided,
      however,
      that in
      the event that a Termination Letter has not been received by the Trustee by
      the
      24-month anniversary of the effective date of the Registration Statement (“Last
      Date”), the Trust Account shall be liquidated in accordance with the procedures
      set forth in the Termination Letter attached as Exhibit B hereto and distributed
      to the stockholders of record on the Last Date. In all cases, the Trustee shall
      provide EBC with a copy of any Termination Letters and/or any other
      correspondence that it receives with respect to any proposed withdrawal from
      the
      Trust Account promptly after it receives same. The provisions of this Section
      1(i) may not be modified, amended or deleted under any
      circumstances.

    

    2. Limited
      Distributions of Income from Trust Account.
      

    

    (a) Upon
      written request from the Company, which may be given from time to time in a
      form
      substantially similar to that attached hereto as Exhibit C, the Trustee shall
      distribute to the Company the amount requested by the Company to
      cover
any
      income or franchise tax obligation owed by the Company;

    

    (b) Upon
      written request from the Company, which may be given from time to time in a
      form
      substantially similar to that attached hereto as Exhibit D, the Trustee shall
      distribute to the Company the amount requested by the Company to
      cover
      expenses related to investigating and selecting a target business and other
      working capital requirements; provided, however, that the aggregate amount
      of
      all such distributions shall not exceed $1,900,000
      and the
      Company will not be allowed to withdraw interest income earned on the trust
      account unless there is sufficient funds available to pay the Company’s tax
      obligations on such interest income or otherwise then due at that
      time;
      and

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    (c) The
      limited distributions referred to in Sections 2(a) and 2(b) above shall be
      made
      only from income collected on the Property. Except as provided in Section 2(a)
      and 2(b) above, no other distributions from the Trust Account shall be permitted
      except in accordance with Section 1(i) hereof.

    

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

    

    (a) Give
      all
      instructions to the Trustee here-under in writing, signed by the Company’s
      Chairman of the Board or President or other authorized officer. In addi-tion,
      except with respect to its duties under paragraphs 1(i), 2(a) and 2(b) above,
      the Trustee shall be entitled to rely on, and shall be protected in relying
      on,
      any verbal or telephonic advice or instruction which it in good faith believes
      to be given by any one of the persons authorized above to give written
      instructions, provided that the Company shall promptly confirm such instructions
      in writing;

    

    (b) Hold
      the
      Trustee harmless and indemnify the Trustee from and against, any and all
      expenses, includ-ing reason-able counsel fees and disbursements, or loss
      suf-fered by the Trustee in connection with any action, suit or other
      pro-ceeding 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
      indemnifica-tion 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 coun-sel, 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) Pay
      the
      Trustee an initial acceptance fee, an annual fee and a transaction processing
      fee for each disbursement made pursuant to Section 2 as set forth on Schedule
      A
      hereto, which fees shall be subject to modification by the parties from time
      to
      time. It is expressly understood that the Property shall not be used to pay
      such
      fees unless and until it is distributed to the Company pursuant to Section
      2.
      The Company shall pay the Trustee the initial acceptance fee and first year’s
      fee at the consummation of the IPO and thereafter on the anniversary of the
      Effective Date. The Trustee shall refund to the Company the annual fee (on
      a pro
      rata basis) with respect to any period after the liquidation of the Trust Fund.
      The Company shall not be responsible for any other fees or charges of the
      Trustee except as set forth in this Section 3(c) and as may be provided in
      Section 3(b) hereof (it being expressly understood that the Property shall
      not
      be used to make any payments to the Trustee under such Sections);

    

    (d) 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/or tabulating
      stockholder votes (which firm may be the Trustee) verifying the vote of the
      Company’s stockholders regarding such Business Combination.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    4. Limitations
      of Liability.
      The
      Trustee shall have no responsibility or liability to:

    

    (a) Take
      any
      action with respect to the Property, other than as directed in paragraphs 1
      and
      2 hereof and the Trustee shall have no liability to any party except for
      liability arising out of its own gross negligence or willful
      misconduct;

    

    (b) Institute
      any proceeding for the collection of any principal and income arising from,
      or
      institute, appear in or defend any proceeding of any kind with respect to,
      any
      of the Prop-erty unless and until it shall have received instructions from
      the
      Company given as provided here-in to do so and the Company shall have advanced
      or guaranteed to it funds sufficient to pay any expenses incident
      thereto;

    

    (c) Change
      the investment of any Property, other than in compliance with
      paragraph 1(c);

    

    (d) Refund
      any depreciation in principal of any Property;

    

    (e) Assume
      that the authority of any person designated by the Company to give instructions
      here-under shall not be continuing unless provided otherwise in such
      designa-tion, or unless the Company 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 suffer-ed 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 con-clusively and shall be protected in acting upon any
      order, notice, demand, certificate, opinion or advice of counsel (including
      counsel chosen by the Trustee), statement, instru-ment, 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 con-tained) 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 rescis-sion 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 par-ties 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 Registra-tion Statement
      or
      to confirm or assure that any acquisition made by the Company or any other
      action taken by it is as contemplated by the Registration Statement;
      and

    

    (h) File
      information returns with the United States Internal Revenue Service and payee
      statements with the Company, documenting the taxes payable by the Company,
      if
      any, relating to interest earned on the Property.

    

    
      
        
        

      

      
        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. At such time that the Company notifies the Trustee that a successor
      trustee has been appointed by the Company and has agreed to become subject
      to
      the terms of this Agreement, the Trustee shall transfer the management of the
      Trust Account to the successor trustee, including but not limited to the
      transfer of copies of the reports and statements relating to the Trust Account,
      whereupon this Agreement shall terminate; provided, however, that, in the event
      that the Company does not locate a successor trustee within ninety days of
      receipt of the resignation notice from the Trustee, the Trustee may submit
      an
      application to have the Property deposited with any court in the State of New
      York or 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; or 

    

    (b) At
      such
      time that the Trustee has completed the liquidation of the Trust Account in
      accordance with the provi-sions of paragraph 1(i) hereof, and dis-tributed
      the
      Property in accordance with the provisions of the Termination Letter, this
      Agreement shall terminate except with respect to Paragraph 3(b).

    

    6. Miscellaneous.

    

    (a) The
      Company and the Trustee each acknowledge that the Trustee will follow the
      procedures set forth below with respect to funds transferred from the Trust
      Account. Upon receipt of written instructions, the Trustee will confirm such
      instructions with an Authorized Individual at an Authorized Telephone Number
      listed on the attached Exhibit E. In executing funds transfers, the Trustee
      will
      rely upon account numbers or other identifying numbers of a beneficiary,
      beneficiary’s bank or intermediary bank, rather than names. The Trustee shall
      not be liable for any loss, liability or expense resulting from any error in
      an
      account number or other identifying number, provided it has accurately
      transmitted the numbers provided.

    

    (b) This
      Agreement shall be governed by and construed and enforced in accordance with
      the
      laws of the State of New York, without giving effect to conflicts of law
      principles that would result in the application of the substantive laws of
      another jurisdiction. It may be executed in several original or facsimile
      counterparts, each one of which shall constitute an original, and together
      shall
      constitute but one instrument.

    

    (c) This
      Agreement contains the entire agreement and understanding of the parties hereto
      with respect to the subject matter hereof. Except for Section 1(i) (which may
      not be amended under any circumstances), this Agreement or any provision here-of
      may only be changed, amended or modified by a writing signed by each of the
      parties hereto; provided, however, that no such change, amendment or
      modification may be made without the prior written consent of EBC. As to any
      claim, cross-claim or counterclaim in any way relating to this Agreement, each
      party waives the right to trial by jury.

    

    (d) The
      parties hereto consent to the jurisdiction and venue of any state or federal
      court located in the City of New York, Borough of Manhattan, for purposes of
      resolving any disputes hereunder.

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    (e) Any
      notice, consent or request to be given in con-nection with any of the terms
      or
      provisions of this Agreement shall be in writing and shall be sent by express
      mail or similar private courier service, by certified mail (return receipt
      requested), by hand delivery or by facsimile transmission:

    

    if
      to the
      Trustee, to:

    

    Continental
      Stock Transfer 

    &
      Trust Company

    17
      Battery Place 

    New
      York,
      New York 10004

    Attn:
      Steven G. Nelson

    Facsimile:
      (212) 509-5150

    

    if
      to the
      Company, to:

     

    Global
      Alternative Asset Management, Inc. 

    435
      Devon
      Park Drive

    Wayne,
      Pennsylvania 19087

    Attn:
      Leslie A. Brun, Chief Executive Officer

    Facsimile.:
      (___)
      ___-____

    

    in
      either
      case with a copy to:

    

     

    EarlyBirdCapital,
      Inc.

    275
      Madison Avenue, Suite 1203

    New
      York,
      New York 10016

    Attn: David
      M.
      Nussbaum, Chairman 

    Facsimile:
      (212) 269-3796

    

    and

    

    Drinker
      Biddle & Reath LLP

    One
      Logan Square

    18th
      & Cherry Streets

    Philadelphia,
      Pennsylvania 19103

    Attn:
      Stephen T. Burdumy, Esq.

    Facsimile:
      (215) 988-2757 

    

    (f) This
      Agreement may not be assigned by the Trustee without the prior consent of the
      Company and EBC.

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    (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) Each
      of
      the Company and the Trustee hereby acknowledge that EBC is a third party
      beneficiary of this Agreement.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

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

     

    
      	 	 	 
	 	
              CONTINENTAL
                STOCK
                TRANSFER
&
                TRUST COMPANY, as Trustee

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name:

	 	Title:

    

    
       

      
        	 	 	 
	 	
                GLOBAL
                  ALTERNATIVE
                  ASSET MANAGEMNET, INC. 

              
	 
 	 
 	 
 
	 	By:  	 
	 	
                
Name:

	 	Title:

      

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

    

    SCHEDULE
      A

    

    
      	
              Fee
                Item

            	 	
              Time
                and method of payment 

            	 	
              Amount

            
	
              Initial
                acceptance fee

            	 	
              Initial
                closing of IPO by wire transfer 

            	 	
              $1,000

            
	
              Annual
                fee

            	 	
              First
                year, initial closing of IPO by wire transfer; thereafter on the
                anniversary of the effective date of the IPO by wire transfer or
                check

            	 	
              $3,000

            
	
              Transaction
                processing fee for disbursements to Company under Section
                2

            	 	
              Deduction
                by Trustee from accumulated income following disbursement made to
                Company
                under Section 2

            	 	
              $250

            

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    

    [Letterhead
      of Company]

    

    [Insert
      date]

    

    Continental
      Stock Transfer 

    &
      Trust Company

    17
      Battery Place

    New
      York,
      New York 10004

    Attn:
      Steven Nelson

    

    
      	
            	Re:	
              Trust
                Account No.          
                Termination Letter

            

    

    

    Gentlemen:

    

    Pursuant
      to paragraph 1(i) of the Investment Management
      Trust
      Agreement between Global Alternative Asset Management, Inc. (“Company”) and
      Continental Stock Transfer & Trust Company (“Trustee”), dated as of
      _________, 2008 (“Trust Agreement”), this is to advise you that the Company has
      entered into an agreement (“Business Agreement”) with __________________
      (“Target Business”) to consummate a business combination with Target Business
      (“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 (“Consummation Date”).

    

    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 funds held in the Trust Account will be immediately
      available for transfer to the account or accounts that the Company shall direct
      on the Consummation Date.

    

    On
      the
      Consummation Date (i) counsel for the Company shall deliver to you written
      notification that the Business Combination has been consummated (“Counsel’s
      Letter”) and (ii) the Company shall deliver to you (a) [an affidavit] [a
      certificate] of __________________, which verifies the vote of the Company’s
      stockholders in connection with the Business Combination and (b) written
      instructions with respect to the trans-fer of the funds held in the Trust
      Account (“Instruction Letter”). You are hereby directed and authorized to
      transfer the funds held in the Trust Account immediately upon your receipt
      of
      the Counsel's Letter 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 distributed after the
      Consummation Date to the Company. Upon the distribution of all the funds in
      the
      Trust Account pursuant to the terms hereof, the Trust Agreement shall be
      terminated and the Trust Account closed.

    

    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,
	 	 
	 	GLOBAL
              ALTERNATIVE
              ASSET MANAGEMNET, INC. 
	 
 	 
 	 
 
	 	By:  	 
	 	
              
J.
              Paul Bagley, Chairman of the
              Board

       

      
        	 	 	 
	 	By:  	 
	 	
                
Leslie
                A. Brun,
                Secretary

      

    

     

    
      	cc:	
              EarlyBirdCapital,
                Inc. 

            

    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    EXHIBIT
      B

    

    [Letterhead
      of Company]

    

    [Insert
      date]

     

    Continental
      Stock Transfer 

    &
      Trust Company

    17
      Battery Place

    New
      York,
      New York 10004

    Attn:
      Steven Nelson

    

    
      	
            	Re:	
              Trust
                Account No.          
                Termination Letter

            

    

    

    Gentlemen:

    

    Pursuant
      to paragraph 1(i) of the Investment Management Trust Agreement between Global
      Alternative Asset Management, Inc. (“Company”) and Continental Stock Transfer
& Trust Company (“Trustee”), dated as of ___________, 2008 (“Trust
      Agreement”), this
      is
      to advise you that the Company has been unable to effect a Business Combination
      with a Target Company within the time frame specified in the Company’s
      Certificate of Incorporation, as described in the Company’s prospectus relating
      to its IPO.

    

    In
      accordance with the terms of the Trust Agreement, we hereby authorize you,
      to
      commence liquidation of the Trust Account as promptly as practicable, but no
      later than ten business days from the date hereof, to stockholders of record
      on
      the Last Date (as defined in the Trust Agreement). You will notify the Company
      in writing as to when all of the funds in the Trust Account will be available
      for immediate transfer (“Transfer Date”) in accordance with the terms of the
      Trust Agreement and the Certificate of Incorporation of the Company. You shall
      commence distribution of such funds in accordance with the terms of the Trust
      Agreement and the Certificate of Incorporation of the Company and you shall
      oversee the distribution of the funds. Upon the distribution of all the funds
      in
      the Trust Account, your obligations under the Trust Agreement shall be
      terminated.

    
       

      
        	 	 	 
	 	Very truly yours,
	 	 
	 	GLOBAL
                ALTERNATIVE
                ASSET MANAGEMNET, INC. 
	 
 	 
 	 
 
	 	By:  	 
	 	
                
J.
                Paul Bagley, Chairman of the
                Board

         

        
          	 	 	 
	 	By:  	 
	 	
                  
Leslie
                A. Brun,
                  Secretary

        

      

       

      
        	cc:	
                EarlyBirdCapital,
                  Inc. 

              

      

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          
EXHIBIT
          C

      

    

    

    [Letterhead
      of Company]

    

    [Insert
      date]

     

    Continental
      Stock Transfer 

    &
      Trust Company

    17
      Battery Place

    New
      York,
      New York 10004

    Attn:
      Steven Nelson

    

    
      	
            	Re:	
              Trust
                Account No.

            

    

    

    Gentlemen:

    

    Pursuant
      to paragraph 2(a) of the Investment Management Trust Agreement between Global
      Alternative Asset Management, Inc. (“Company”) and Continental Stock Transfer
& Trust Company (“Trustee”), dated as of ___________, 2008 (“Trust
      Agreement”), the
      Company hereby requests that you deliver to the Company $_______ of the income
      earned on the Property as of the date hereof. The Company needs such funds
      to
      pay for the tax obligations as set forth on the attached tax return or tax
      statement. In accordance with the terms of the Trust Agreement, you are hereby
      directed and authorized to transfer (via wire transfer) such funds promptly
      upon
      your receipt of this letter to the Company’s operating account at:

    

    [WIRE
      INSTRUCTION INFORMATION]

    
       

      
        	 	 	 
	 	Very truly yours,
	 	 
	 	GLOBAL
                ALTERNATIVE
                ASSET MANAGEMNET, INC. 
	 
 	 
 	 
 
	 	By:  	 
	 	
                
J.
                Paul Bagley, Chairman of the
                Board

         

        
          	 	 	 
	 	By:  	 
	 	
                  
Leslie
                A. Brun,
                  Secretary

        

      

       

      
        	cc:	
                EarlyBirdCapital,
                  Inc. 

              

      

       

      
        
          
          

        

        
          12

          
            

          

        

        
          
          
EXHIBIT
          D

      

    

    

    

    [Letterhead
      of Company]

    

    [Insert
      date]

     

    Continental
      Stock Transfer 

    &
      Trust Company

    17
      Battery Place

    New
      York,
      New York 10004

    Attn:
      Steven Nelson

    

    
      	
            	Re:	
              Trust
                Account No. 

            

    

    

    Gentlemen:

    

    Pursuant
      to paragraph 2(b) of the Investment Management Trust Agreement between Global
      Alternative Asset Management, Inc. (“Company”) and Continental Stock Transfer
& Trust Company (“Trustee”), dated as of __________, 2008 (“Trust
      Agreement”), the
      Company hereby requests that you deliver to the Company $_______ of the income
      earned on the Property as of the date hereof, which does not exceed, in the
      aggregate with all such prior disbursements pursuant to paragraph 2(b), if
      any,
      the maximum amount set forth in paragraph 2(b). The Company needs such funds
      to
      cover its expenses relating to investigating and selecting a target business
      and
      other working capital requirements. In accordance with the terms of the Trust
      Agreement, you are hereby directed and authorized to transfer (via wire
      transfer) such funds promptly upon your receipt of this letter to the Company’s
      operating account at:

    

    [WIRE
      INSTRUCTION INFORMATION]

    
       

      
        	 	 	 
	 	Very truly yours,
	 	 
	 	GLOBAL
                ALTERNATIVE
                ASSET MANAGEMNET, INC. 
	 
 	 
 	 
 
	 	By:  	 
	 	
                
J.
                Paul Bagley, Chairman of the
                Board

         

        
          	 	 	 
	 	By:  	 
	 	
                  
Leslie
                A. Brun,
                  Secretary

        

      

       

      
        	cc:	
                EarlyBirdCapital,
                  Inc. 

              

      

       

      
        
          
          

        

        
          13

          
            

          

        

        
          
          
EXHIBIT
          E

      

    

    

    
      	AUTHORIZED INDIVIDUAL(S)
FOR TELEPHONE
              CALL BACK	 	AUTHORIZED
TELEPHONE
              NUMBER(S)
	 	 	 
	Company:	 	 
	 	 	 
	
              Global
                Alternative Asset Management, Inc. 

              435
                Devon Park Drive, Building 700

              Wayne,
                Pennsylvania 19087

              Attn:
                Leslie A. Brun, Chief Executive Officer

            	 	(484) 586-8222
	 	 	 
	Trustee:	 	 
	 	 	 
	
              Continental
                Stock Transfer 

              &
                Trust Company

              17
                Battery Place

              New
                York, New York 10004

              Attn:
                Steven G. Nelson, Chairman

            	 	(212)
              845-3200

    

     

    
      
        
        

      

      14STOCK
      ESCROW AGREEMENT

    

    STOCK
      ESCROW AGREEMENT, dated as of __________, 2008 (“Agreement”), by and among
      GLOBAL ALTERNATIVE ASSET MANAGEMENT, INC., a Delaware corporation (“Company”),
      FORTUNE MANAGEMENT, INC., LESLIE A. BRUN, J. PAUL BAGLEY, ANDREW J. CAHILL,
      DONALD R. JACKSON, SHERYL K. PRESSLER, WILLIAM GUTTMAN, PARKER BROPHY and
      PHILIPPE CHARQUET (collectively “Initial Stockholders”) and CONTINENTAL STOCK
      TRANSFER & TRUST COMPANY, a
      New York corporation (“Escrow
      Agent”).

    

    WHEREAS,
      the Company has entered into an Underwriting Agreement, dated _________, 2008
      (“Underwriting Agreement”), with EarlyBirdCapital, Inc. (“EBC”) acting as
      representative of the several underwriters (collectively, the “Underwriters”),
      pursuant to which, among other matters, the Underwriters have agreed to purchase
      15,000,000 units (“Units”) of the Company. Each Unit consists of one share of
      the Company’s common stock, par value $.0001 per share (“Common Stock”), and one
      warrant, each full warrant to purchase one share of Common Stock, all as more
      fully described in the Company’s final Prospectus, dated _______, 2008
      (“Prospectus”) com-prising part of the Company’s Registration Statement on Form
      S-1 (File No. 333-146899) under the Securities Act of 1933, as amended
      (“Registration Statement”), declared effective on __________, 2008 (“Effective
      Date”).

    

    WHEREAS,
      the Initial Stockholders have agreed as a condition of the sale of the Units
      to
      deposit their shares of Common Stock of the Company, as set forth opposite
      their
      respective names in Exhibit A attached hereto (collec-tively “Escrow Shares”),
      in escrow as hereinafter provided.

    

    WHEREAS,
      the Company and the Initial Stockholders desire that the Escrow Agent accept
      the
      Escrow Shares, in escrow, to be held and disbursed as hereinafter
      provided.

    

    IT
      IS
      AGREED:

    1. Appointment
      of Escrow Agent.
      The
      Company and the Initial Stockholders hereby appoint the Escrow Agent to act
      in
      accordance with and subject to the terms of this Agreement and the Escrow Agent
      hereby accepts such appointment and agrees to act in accordance with and subject
      to such terms.

    

    2. Deposit
      of Escrow Shares.
      On or
      before the Effective Date, each of the Initial Stockholders shall deliver to
      the
      Escrow Agent certificates representing his, her or its respective Escrow Shares,
      to be held and disbursed subject to the terms and conditions of this Agreement.
      Each Initial Stockholder acknowledges that the certi-ficate representing his,
      her or its Escrow Shares is legended to reflect the deposit of such Escrow
      Shares under this Agreement.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    3. Disbursement
      of the Escrow Shares.
      The
      Escrow Agent shall hold the Escrow Shares until one year after the consummation
      of a Business Combination (as defined in the Registration Statement) (“Escrow
      Period”), on which date it shall, upon written instructions from each Initial
      Stockholder, disburse each of the Initial Stockholder’s Escrow Shares (and any
      applicable stock power) to such Initial Stockholder; provided, however, that
      if
      the Underwriters do not exercise their over-allotment option to purchase an
      additional 2,250,000 Units of the Company (as described in the Prospectus),
      the
      Initial Stockholders agree that the Escrow Agent shall return to the Company
      for
      cancellation, at no cost, the number of Escrow Shares held by Fortune
      Management, Inc. determined by multiplying (a) the product of (i) 562,500,
      multiplied by (ii) a fraction, (x) the numerator of which is the number of
      Escrow Shares held by Fortune Management, Inc., and (y) the denominator of
      which
      is the total number of Escrow Shares, by (b) a fraction, (i) the numerator
      of
      which is 2,250,000 minus the number of shares of Common Stock purchased by
      the
      Underwriters upon the exercise of their over-allotment option, and (ii) the
      denominator of which is 2,250,000; provided further, however, that if the Escrow
      Agent is notified by the Company pursuant to Section 6.7 hereof that the Company
      is being liquidated at any time during the Escrow Period, then the Escrow Agent
      shall promptly destroy the certificates representing the Escrow Shares;
      provided, further, however, that if
      the Company consummates a Business Combination in which holders of more than
      20%
      of the shares sold in the IPO exercise their conversion rights (as described
      more fully in the Prospectus), the Initial Stockholders agree that the Escrow
      Agent shall return to the Company for cancellation a number of Escrow Shares
      held by them so that the Initial Stockholders will collectively own no more
      than
      23.81% of the Company's outstanding Common Stock upon consummation of such
      Business Combination (without giving effect to any shares that may be issued
      in
      the Business Combination). If the Escrow Agent is notified by the Company
      pursuant to Section 6.7 hereof that the Company is being liquidated at any
      time
      during the Escrow Period, then the Escrow Agent shall promptly destroy the
      certificates representing the Escrow Shares; provided
      further, however, that if, after the Company consummates a Business Combination
      (as such term is defined in the Registration Statement), it (or the surviving
      entity) subsequently consummates a liquidation, merger, stock exchange or other
      similar transaction which results in all of the stockholders of such entity
      having the right to exchange their shares of Common Stock for cash, securities
      or other property, then the Escrow Agent will, upon receipt of a certificate,
      executed by the Chairman of the Board, Chief Executive Officer or other
      authorized officer of the Company, in form reasonably acceptable to the Escrow
      Agent, that such transaction is then being consummated or such conditions have
      been achieved, as applicable, release the Escrow Shares to the Initial
      Stockholders. The Escrow Agent shall have no further duties hereunder after
      the
      disbursement or destruction of the Escrow Shares in accordance with this
      Section 3.

    

    4. Rights
      of Initial Stockholders in Escrow Shares.
      

    

    4.1 Voting
      Rights as a Stockholder.
      Subject
      to the terms of the Insider Letter described in Section 4.4 hereof and except
      as
      herein provided, the Initial Stockh-olders shall retain all of their rights
      as
      stock-holders of the Company during the Escrow Period, includ-ing, without
      limitation, the right to vote such shares.

    

    4.2 Dividends
      and Other Distributions in Respect of the Escrow Shares.
      During
      the Escrow Period, all dividends payable in cash with respect to the Escrow
      Shares shall be paid to the Initial Stockholders, but all dividends payable
      in
      stock or other non-cash property (“Non-Cash Dividends”) shall be delivered to
      the Escrow Agent to hold in accordance with the terms hereof. As used herein,
      the term “Escrow Shares” shall be deemed to include the Non-Cash Dividends
      distributed thereon, if any.

    

    4.3 Restrictions
      on Transfer.
      In
      order
      to induce the Underwriters to enter into the Underwriting Agreement, the Initial
      Stockholders will not, without the prior written consent of EBC, offer, sell,
      contract to sell, pledge or otherwise dispose of (or enter into any transaction
      which is designed to, or might reasonably be expected to, result in the
      disposition (whether by actual disposition or effective economic disposition
      due
      to cash settlement or otherwise) by the Initial Stockholders or any affiliate
      of
      the Initial Stockholders or any person in privity with the Initial Stockholders
      or any affiliate thereof), directly or indirectly, including the filing (or
      participation in the filing) of a registration statement with the Securities
      and
      Exchange Commission (the “Commission”) in respect of, or establish or increase a
      put equivalent position or liquidate or decrease a call equivalent position
      within the meaning of Section 16 of the Securities Exchange Act of 1934, as
      amended (the “Exchange Act”), and the rules and regulations of the Commission
      promulgated thereunder with respect to, any Escrow Shares, or publicly announce
      an intention to effect any such transaction, during the period in which such
      Escrow Shares are held in escrow hereunder, except
      (i) to an entity’s members upon its liquidation, (ii) by bona fide gift to a
      member of an Initial Stockholder’s immediate family or to a trust, the
      beneficiary of which is an Initial Stockholder or a member of an Initial
      Stockholder’s immediate family, (iii) by virtue of the laws of descent and
      distribution upon death of any Initial Stockholder, (iv) pursuant to a qualified
      domestic relations order or (v) by private sales of the Escrow Shares made
      at or
      prior to the consummation of a Business Combination at prices no greater than
      the price at which the shares were originally purchased; provided,
      however,
      that such transfers may be implemented only upon the respective transferee’s
      written agreement to be bound by the terms and conditions of this Agreement
      and
      of the Insider Letter signed by the Initial Stockholder transferring the Escrow
      Shares. 

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    4.4 Insider
      Letters.
      Each of
      the Initial Stock-holders has executed a letter agreement with EBC and the
      Company, dated as indicated on Exhibit A hereto, and which is filed as an
      exhibit to the Registration Statement (“Insider Letter”), respecting the rights
      and obligations of such Initial Stockholder in certain events, including but
      not
      limited to the liquidation of the Company.

    

    5. Concerning
      the Escrow Agent.

    

    5.1 Good
      Faith Reliance.
      The
      Escrow Agent shall not be liable for any action taken or omitted by it in good
      faith and in the exercise of its own best judgment, and may rely conclusively
      and shall be pro-tected in acting upon any order, notice, demand, certifi-cate,
      opinion or advice of counsel (including counsel chosen by the Escrow Agent),
      statement, instrument, report or other paper or document (not only as to its
      due
      execution and the validity and effectiveness of its provisions, but also as
      to
      the truth and acceptability of any information therein contained) which is
      believed by the Escrow Agent to be genuine and to be signed or presented by
      the
      proper person or persons. The Escrow Agent shall not be bound by any notice
      or
      demand, or any waiver, modification, termina-tion or rescission of this
      Agreement unless evidenced by a writing delivered to the Escrow Agent signed
      by
      the proper party or parties and, if the duties or rights of the Escrow Agent
      are
      affected, unless it shall have given its prior written consent thereto.

    

     5.2 Indemnification.
      The
      Escrow Agent shall be indemnified and held harmless by the Company from and
      against any expenses, including coun-sel fees and disbursements, or loss
      suffered by the Escrow Agent in connection with any action, suit or other
      proceeding involving any claim which in any way, directly or indirectly, arises
      out of or relates to this Agreement, the services of the Escrow Agent hereunder,
      or the Escrow Shares held by it hereunder, other than expenses or losses arising
      from the gross negligence or willful misconduct of the Escrow Agent. Promptly
      after the receipt by the Escrow Agent of notice of any demand or claim or the
      com-mence-ment of any action, suit or proceeding, the Escrow Agent shall notify
      the other parties hereto in writing. In the event of the receipt of such notice,
      the Escrow Agent, in its sole discre-tion, may commence an action in the nature
      of interpleader in an appropriate court to determine ownership or disposition
      of
      the Escrow Shares or it may deposit the Escrow Shares with the clerk of any
      appropriate court or it may retain the Escrow Shares pending receipt of a final,
      non-appealable order of a court having jurisdiction over all of the parties
      hereto directing to whom and under what circum-stances the Escrow Shares are
      to
      be disbursed and delivered. The provisions of this Section 5.2 shall survive
      in
      the event the Escrow Agent resigns or is discharged pursuant to Sections 5.5
      or
      5.6 below.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    5.3 Compensation.
      The
      Escrow Agent shall be entitled to reason-able compensation from the Company
      for
      all services rendered by it hereunder. The Escrow Agent shall also be entitled
      to reimburse-ment from the Company for all expenses paid or incurred by it
      in
      the administration of its duties hereunder including, but not limited to, all
      counsel, advisors’ and agents’ fees and disburse-ments and all taxes or other
      governmental charges.

    

    5.4 Further
      Assurances.
      From
      time to time on and after the date hereof, the Company and the Initial
      Stock-holders shall deliver or cause to be delivered to the Escrow Agent such
      further documents and instru-ments and shall do or cause to be done such further
      acts as the Escrow Agent shall reasonably request to carry out more effectively
      the provisions and purposes of this Agreement, to evidence compliance herewith
      or to assure itself that it is protected in acting hereunder.

    

    5.5 Resignation.
      The
      Escrow Agent may resign at any time and be discharged from its duties as escrow
      agent hereunder by its giving the other parties hereto written notice and such
      resignation shall become effective as herein-after provided. Such resignation
      shall become effective at such time that the Escrow Agent shall turn over to
      a
      suc-cessor escrow agent appointed by the Company, the Escrow Shares held
      hereunder. If no new escrow agent is so appointed within the 60 day period
      follow-ing the giv-ing of such notice of resignation, the Escrow Agent may
      deposit the Escrow Shares with any court it reasonably deems
      appropriate.

    

    5.6 Discharge
      of Escrow Agent.
      The
      Escrow Agent shall resign and be discharged from its duties as escrow agent
      hereunder if so requested in writing at any time by the other parties hereto,
      jointly, pro-vided, however, that such resignation shall become effec-tive
      only
      upon acceptance of appointment by a successor escrow agent as provided in
      Section 5.5.

    

    5.7 Liability.
      Notwithstanding anything herein to the con-trary, the Escrow Agent shall not
      be
      relieved from liability hereunder for its own gross negligence or its own
      willful misconduct.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    6. Miscellaneous.

    

    6.1 Governing
      Law.
      This
      Agreement shall for all purposes be deemed to be made under and shall be
      construed in accordance with the laws of the State of New York, without giving
      effect to conflicts of law principles that would result in the application
      of
      the substantive laws of another jurisdiction (whether
      of the State of New York or any other jurisdiction that would cause the
      application of the laws of any jurisdiction other than the State of New York).
      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 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
      inconvenience 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 6.6 hereof. Such mailing shall be deemed personal service
      and shall be legal and binding upon the Company in any action, proceeding or
      claim..

    

    6.2 Third
      Party Beneficiaries.
      Each of
      the Initial Stockholders hereby acknowledges that the Underwriters are third
      party beneficiaries of this Agreement and this Agreement may not be modified
      or
      changed without the prior written consent of EBC. 

    

    6.3 Entire
      Agreement.
      This
      Agreement contains the entire agreement of the parties hereto with respect
      to
      the subject matter hereof and, except as expressly provided herein, may not
      be
      changed or modified except by an instrument in writing signed by the party
      to
      the charged. It
      may be
      executed in several original or facsimile counterparts, each one of which shall
      constitute an original, and together shall constitute but one
      instrument

     

    6.4 Headings.
      The
      headings contained in this Agreement are for reference purposes only and shall
      not affect in any way the meaning or interpretation thereof.

    

    6.5 Binding
      Effect.
      This
      Agreement shall be binding upon and inure to the benefit of the respective
      parties hereto and their legal representatives, successors and
      assigns.

    

    6.6 Notices.
      Any
      notice or other communication required or which may be given hereunder shall
      be
      in writing and either be delivered personally or be mailed, certified or
      registered mail, or by private national courier service, return receipt
      requested, postage prepaid, and shall be deemed given when so delivered
      personally or, if mailed, two days after the date of mailing, as
      follows:

    

    
      	 	 	
              If
                to the Company, to:

            

    

    

    Global
      Alternative Asset Management, Inc. 

    435
      Devon
      Park Drive

    Wayne,
      Pennsylvania 19087

    Attn:
      Chief Executive Officer

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    If
      to a
      Stockholder, to his address set forth in Exhibit A.

    

    and
      if to
      the Escrow Agent, to:

    

    Continental
      Stock Transfer & Trust Company

    17
      Battery Place

    New
      York,
      New York 10004

    Attn:
      Chairman

    

    A
      copy of
      any notice sent hereunder shall be sent to:

    

    Graubard
      Miller

    The
      Chrysler Building

    405
      Lexington Avenue

    New
      York,
      New York 10174

    Attn:
      David Alan Miller, Esq.

    

    and:

    

    EarlyBirdCapital,
      Inc.

    275
      Madison Avenue, Suite 1203

    New
      York,
      New York 10016

    Attn: David
      M.
      Nussbaum, Chairman 

    Facsimile:
      ( ) - 

     

    and:

    

    Drinker
      Biddle & Reath LLP

    One
      Logan Square

    18th
      & Cherry Streets

    Philadelphia,
      Pennsylvania 19103

    Attn:
      Stephen T. Burdumy, Esq.

    Facsimile:
      (215) 988-2757 

    The
      parties may change the persons and addresses to which the notices or other
      communications are to be sent by giving written notice to any such change in
      the
      manner provided herein for giving notice.

    

     6.7 Liquidation
      of the Company.
      The
      Company shall give the Escrow Agent written notification of the liquidation
      of
      the Company in the event that the Company fails to consummate a Business
      Combination within the time period specified in the Prospectus.

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    WITNESS
      the execution of this Agreement as of the date first above written.

     

    
      	 	 	 
	 	GLOBAL
              ALTERNATIVE
              ASSET MANAGEMENT, INC. 
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name:
	 	Title:

       

      
        	 	 	 
	 	INITIAL STOCKHOLDERS:
	 	 
	 	FORTUNE
                MANAGEMENT, INC. 
	 
 	 
 	 
 
	 	By:  	 
	 	
                
Name:
	 	Title:
	 	 
	 	 
	 	
                
Leslie
                A Brun
	 	 
	 	 
	 	
                
J.
                Paul Bagley
	 	 
	 	 
	 	
                
Andrew
                J. Cahill
	 	 
	 	 
	 	
                
Donald
                R. Jackson
	 	 
	 	 
	 	
                
Sheryl
                K. Pressler
	 	 
	 	 
	 	
                
William
                Guttman
	 	 
	 	 
	 	
                
Parker
                Brophy
	 	 
	 	 
	 	
                
Philippe
                Charquet

      

    

    
       

      
        	 	 	 
	 	
                CONTINENTAL
                  STOCK
                  TRANSFER
&
                  TRUST COMPANY

              
	 
 	 
 	 
 
	 	By:  	 
	 	
                
Name:
	 	Title:

         

        
          
            
            

          

          
            7

            
              

            

          

          
            
            

          

        

      

    

    EXHIBIT
      A

    

    
      	
              Name
                and Address of 

              Initial
                Stockholder

            	
              Number
                

              of
                Shares

            	
              Stock
                

              Certificate
                Number

            	
              Date
                of 

              Insider
                Letter

            
	 	 	 	 
	
              Fortune
                Management, Inc. 

              435
                Devon Park Drive

              Building
                700

              Wayne,
                Pennsylvania 19087

            	 	 	 
	 	 	 	 
	
              Leslie
                A. Brun

              Global
                Alternative Asset Management, Inc. 

              435
                Devon Park Drive

              Building
                700

              Wayne,
                Pennsylvania 19087

            	 	 	 
	 	 	 	 
	
              J.
                Paul Bagley

              Global
                Alternative Asset Management, Inc. 

              435
                Devon Park Drive

              Building
                700

              Wayne,
                Pennsylvania 19087

            	 	 	 
	 	 	 	 
	
              Andrew
                J. Cahill

              Global
                Alternative Asset Management, Inc. 

              435
                Devon Park Drive

              Building
                700

              Wayne,
                Pennsylvania 19087

            	 	 	 
	 	 	 	 
	   Donald R.
              Jackson
              Global
                Alternative Asset Management, Inc. 

              435
                Devon Park Drive

              Building
                700

              Wayne,
                Pennsylvania 19087

            	 	 	 
	 	 	 	 
	
              Sheryl
                K. Pressler

              Global
                Alternative Asset Management, Inc. 

              435
                Devon Park Drive

              Building
                700

              Wayne,
                Pennsylvania 19087

            	 	 	 
	 	 	 	 
	
              William
                Guttman

              Global
                Alternative Asset Management, Inc. 

              435
                Devon Park Drive

              Building
                700

              Wayne,
                Pennsylvania 19087

            	 	 	 
	 	 	 	 
	
              Parker
                Brophy

              Global
                Alternative Asset Management, Inc. 

              435
                Devon Park Drive

              Building
                700

              Wayne,
                Pennsylvania 19087

            	 	 	 
	 	 	 	 
	
              Philippe
                Charquet

              Global
                Alternative Asset Management, Inc. 

              435
                Devon Park Drive

              Building
                700

              Wayne,
                Pennsylvania 19087

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