Document:

Exhibit
      10.4

    

    EMPLOYMENT
      AGREEMENT

     

    AGREEMENT,
      dated as of the 31st
      day of
      October, 2008, by and between Essex Crane Rental Corp., a Delaware corporation
      (the “Company”), Hyde Park Acquisition Corporation, a Delaware corporation
      (“Hyde Park”), and William J. O’Rourke (“Employee”).

     

    WHEREAS
      the Company is an indirect, majority-owned subsidiary of Hyde Park;

     

    WHEREAS
      the Company is engaged in the business of purchasing, selling, leasing or other
      provision of new and used cranes (but excluding the manufacturing of cranes)
      (the “Business”); and

     

    WHEREAS
      Employee shall serve as Vice President Sales and Account Management of the
      Company, and Employee and the Company are desirous of formalizing their
      understanding for Employee’s employment, all upon the terms and subject to the
      conditions hereinafter provided.

     

    NOW,
      THEREFORE, in consideration of the mutual covenants and agreements herein
      contained, the parties hereto, intending to be legally bound, agree as
      follows:

     

    1. Employment.

     

    The
      Company agrees to employ Employee, and Employee agrees to be employed by the
      Company, upon the terms and subject to the conditions of this
      Agreement.

     

    2. Term.

     

    The
      term
      of Employee’s employment under this Agreement (the “Term”)
      shall
      commence on the date hereof (the “Commencement
      Date”)
      and
      shall continue until the earlier of (i) the third anniversary of the
      Commencement Date and (ii) such earlier date on which the Term is
      terminated pursuant to Section 5. Unless sooner terminated in accordance
      with Section 5, the Term shall automatically be renewed and extended for
      successive periods of one (1) year unless either party hereto shall have
      notified the other party hereto in writing that such extension shall not take
      effect at least 90 days prior to the end of the initial Term or of any
      extension.

     

    3. Duties.

     

    During
      the Term, the Company shall employ the Employee and the Employee shall serve
      the
      Company as its Vice President Sales and Account Management. Subject to the
      authority and direction of the Chief Executive Officer and the Board of
      Directors of the Company (the “Board” or “Board of Directors”), the Employee
      shall have the duties, authorities and responsibilities for the sales function
      of the Company, including, without limitation, management of sales staff,
      promotions, lead generation, commissions, customer relations, quoting and order
      entry for rental activity, and shall perform such other duties and exercise
      such
      other authorities commensurate with Employee’s position which are or from time
      to time may be delegated to him by the Chief Executive Officer or the Board
      of
      Directors or the Company Bylaws, all in accordance with basic policies as
      established by and subject to the oversight of the Board. The principal location
      of Employee’s employment shall be at the Company’s executive office located in
      Buffalo Grove, Illinois. Employee shall devote his entire working time to the
      affairs of the Company and shall faithfully and to the best of his ability
      perform his duties hereunder. Notwithstanding the foregoing, nothing herein
      shall prohibit Employee from (i) engaging in personal investment activities
      for himself and his family that do not give rise to any conflict of interests
      with the Company or its affiliates; (ii) subject to prior approval of the
      Board of Directors, acting as a director or in a similar role for an entity
      unrelated to the Company if such role does not give rise to any conflict of
      interests with the Company or its affiliates; and (iii) engaging in
      charitable and civic activities, in each case and collectively to an extent
      that
      does not materially interfere with the performance of Employee’s duties for the
      Company hereunder.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4. Compensation
      and Benefits.

     

    (a) The
      Company shall pay to Employee a base salary (the “Base
      Salary”)
      at a
      rate of $197,000 per annum, payable in accordance with the Company’s payroll
      practices for its executive employees. On each anniversary of the Commencement
      Date or such other appropriate date as may be agreed by the parties during
      the
      Term, the Company shall review the Base Salary and determine if, and by how
      much, the Base Salary should be increased. Employee’s Base Salary in effect from
      time to time may not be decreased without Employee’s consent. 

     

    (b) The
      Company and Hyde Park have committed to grant an aggregate number of stock
      options to senior executives of the Company representing the right to purchase
      not less than ten percent of the number of shares of stock of Hyde Park issued
      and outstanding as of the closing date of Hyde Park’s acquisition of the
      majority of the equity securities of Essex Holdings LLC (the “Closing Date”).
      The Company shall commission a study to be performed by Towers Perrin (or
      another nationally recognized senior executive consulting firm as mutually
      agreed to by the parties) of equity grants for senior executives of a comparable
      group of companies. Employee shall be granted options to purchase shares of
      common stock of Hyde Park in such number and on such terms and conditions as
      determined by the Compensation Committee in accordance with Hyde Park’s 2008
      Long Term Incentive Plan, which terms shall be no less favorable to Employee
      than the terms of grants in the top quartile of senior executives as set forth
      in such study. Any additional grants of options, restricted stock, share
      appreciation rights or similar incentive arrangements will be at the discretion
      of the Compensation Committee of Hyde Park.

     

    (c) For
      each
      calendar year ending during the Term, in addition to Base Salary, Employee
      shall
      be entitled to receive a cash bonus (“Bonus”) which consists of a percentage of
      the bonus pool set forth in Exhibit A which shall be no less than such
      percentage applied in the most recent prior year. The Bonus will be paid by
      March 15 of the year following the year to which the Bonus relates (e.g.,
      the Bonus for calendar year 2008 will be paid by March 15,
      2009).

     

    (d) During
      the Term, Employee shall be entitled to participate in those retirement plans,
      deferred compensation plans, group insurance, life, medical, dental, disability
      and other benefit plans of the Company at the same level as those benefits
      are
      provided by the Company from time to time to other senior executives of the
      Company. Also, during the Term, Employee shall be entitled to fringe benefits
      and perquisites at the same level as those benefits are provided by the Company
      from time to time to other senior executives of the Company generally.

    
      
         

      

      
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    (e) The
      Company shall promptly pay to Employee the approved reasonable expenses incurred
      by him in the performance of his duties hereunder in accordance with the
      Company’s policies in effect from time to time, including, without limitation,
      those incurred in connection with business related travel or entertainment,
      or,
      if such expenses are paid directly by the Employee, shall promptly reimburse
      him
      for such payment, provided that Employee provides proper documentation thereof
      in accordance with the Company’s policy. 

     

    (f) Effective
      as of the Commencement Date, Employee shall be entitled to sixteen (16) days
      of
      paid vacation in any full calendar year. On each anniversary of the Commencement
      Date, Employee shall be entitled to one additional day of paid vacation
      effective as of the next succeeding calendar year (e.g., on the second
      anniversary of the Commencement Date, Employee shall be entitled to eighteen
      (18) days of vacation in the next succeeding calendar year), capped at a maximum
      of twenty (20) days of paid vacation per annum.

     

    (g) During
      the Term, Employee shall be entitled to lease an automobile at a maximum monthly
      cost of not more than $750 and to reimbursement of all related expenses related
      to the business use of such automobile.

     

    (h) Company
      shall pay the reasonable costs of Employee’s memberships in work-related
      professional organizations as are appropriate for one in Employee’s position
      with the Company.

     

    (i) Reserved

     

    (j) During
      the Term, the Company shall pay Employee the cost of maintaining his existing
      fifteen (15) year term life insurance policy. In addition, Employee shall be
      entitled to receive an additional payment (a “Gross-Up Payment”) in an amount
      such that after payment by Employee of all taxes related to the Company’s
      payment of the insurance premium, Employee retains an amount of the Gross-Up
      Payment equal to the tax imposed. Payment made to Employee pursuant to this
      paragraph shall occur as soon as administratively feasible following Employee’s
      payment of the insurance premium and taxes.

     

    (k) The
      Company may, at its discretion, subscribe for and maintain, on behalf of the
      Company, life insurance or key-man insurance with respect to Employee in such
      amount and upon such terms or conditions as the Company may deem reasonable.
      Employee shall cooperate with the Company in connection with the obtaining
      of
      any such policies, including, without limitation, the submission to physical
      examination and blood testing by a physician or other medical professional
      selected by the Company. The proceeds of such insurance policies will be owned
      by the Company, and neither the Employee nor his heirs will have any rights
      therein or claims thereto.

    
      
         

      

      
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    5. Termination.

     

    Employee’s
      employment hereunder shall be terminated as of the applicable Termination Date
      upon Employee’s death or Disability, upon expiration of the Term in the event of
      delivery by either party of a notice of non-renewal pursuant to Section 2,
      termination by the Company without Cause or upon Employee’s voluntarily leaving
      the employ of the Company without Good Reason, and may also be terminated as
      of
      the applicable Termination Date by delivery of a Notice of Termination
      (i) by the Company for Cause or (ii) by Employee for Good Reason, with
      each such term defined as follows:

     

    (a) For
      Cause.
      A
      termination for “Cause”
is
      a
      termination evidenced by a resolution adopted by the Board after finding in
      good
      faith that Employee has:

     

    (i) engaged
      in gross negligence or willful misconduct in connection with or arising out
      of
      the performance of his duties hereunder and such negligence or misconduct has
      not been cured (if curable) within a period of thirty (30) days after the
      Company has given written notice to Employee;

     

    (ii) been
      under the influence of drugs (other than prescription medicine or other
      medically-related drugs to the extent that they are taken in accordance with
      their directions) during the performance of his duties under this
      Agreement;

     

    (iii) engaged
      in behavior that would constitute grounds for liability for sexual harassment
      (as proscribed by the U.S. Equal Employment Opportunity Commission Guidelines
      or
      any other applicable state regulatory body) or, in the reasonable opinion of
      the
      Board, other egregious conduct violative of laws governing the workplace;
      or

     

    (iv) been
      indicted in for a criminal offense in connection with an act of fraud, larceny,
      misappropriation of funds or falsification or manipulation of any records of
      the
      Company or embezzlement or any other felony or crimes of moral turpitude;
      or

     

    (v) materially
      breached this Agreement (in a manner not covered by any of
      subparagraphs (i) through (iv) of this Section 5(a)) and such breach
      has not been cured within thirty (30) days after written notice thereof has
      been
      given to the Employee by the Company.

     

    (b) Good
      Reason.“Good
      Reason” shall mean the occurrence of any of the following conditions which
      remain uncured for a period of thirty (30) days after the Company’s receipt of
      written notice thereof:

     

    (i) A
      material breach by the Company of this Agreement (in a manner not covered by
      any
      of subparagraphs (ii) through (iv) of this Section 5(b));

     

    (ii) A
      material reduction in Base Salary or a change in the bonus program identified
      in
      Section 4(c) that materially reduces the Executive’s bonus
      opportunity;

     

    (iii) A
      material diminution in Employee’s authorities, duties or responsibilities;
      or

    
      
         

      

      
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    (iv) Relocation
      of the Company’s executive office located in Buffalo Grove, Illinois, of greater
      than twenty-five (25) miles.

     

    (c) Disability.
      A
“Disability” shall be deemed to exist if Employee has been unable to
      substantially perform his duties hereunder for 90 consecutive days or for 180
      days in any 365 day period by reason of any physical or mental illness or
      injury.

     

    (d) Notice
      of Termination.
      A
“Notice of Termination” shall mean a written notice which, to the extent
      applicable, sets forth in reasonable detail the facts and circumstances claimed
      to provide a basis for termination of the Employee’s employment, and sets for
      the “Termination Date” (as defined below). No purported termination by the
      Company for Cause or by Employee for Good Reason shall be effective without
      proper delivery of a Notice of Termination by the terminating party within
      90
      days of the relevant party’s initial knowledge of the existence of the condition
      giving rise to the termination.

     

    (e) Termination
      Date.
      “Termination Date” shall mean (i) in the case of the Employee’s death, his
      date of death, (ii) in the case of Disability, the date such Disability
      first exists as determined in accordance with Section 5(c) above,
      (iii) in the case of a termination contemplated by Section 5(a) or
      5(b) above, the date specified in the Notice of Termination, (iv) in the
      case of termination by the Company without Cause or resignation by Employee
      without Good Reason, the date of such termination or resignation, and
      (v) following delivery of a notice of non-renewal by either party pursuant
      to Section 2, the last day of the Term.

     

    6. Effect
      of Termination or Non-Renewal.

     

    (a) Death.
      In the
      event of the termination of Employee’s employment as a result of his death, the
      Company shall:

     

    (i) pay
      to
      his estate the Base Salary earned through the Termination Date (pro rated for
      any partial month) plus accrued but unpaid vacation and any Bonus in respect
      of
      a prior and current year which has been earned but not yet paid;
      and

     

    (ii) reimburse
      to Employee’s estate for any expenses pursuant to
      Section 4(e);

     

    and
      Employee’s estate shall not have any further entitlement to any other
      compensation or benefits from the Company or Hyde Park other than as expressly
      provided herein or pursuant to any Company benefit plans.

     

    (b) For
      Cause by the Company.
      In the
      event that Employee’s employment is terminated by the Company for Cause, the
      Company shall:

     

    (i) pay
      to
      Employee the Base Salary earned through the Termination Date (pro rated for
      any
      partial month) plus accrued but unpaid vacation; and

     

    (ii) reimburse
      Employee for any expenses pursuant to Section 4(e);

    
      
         

      

      
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    and
      Employee shall have no further entitlement to any other compensation or benefits
      from the Company or Hyde Park other than as expressly provided herein or
      pursuant to any Company benefit plan.

     

    (c) Termination
      by the Company without Cause, Disability of Employee, termination by Employee
      with Good Reason or upon Expiration of the Term.
      In the
      event that (A) Employee’s employment is terminated by the Company without
      Cause (other than by reason of his death), (B) Employee incurs a
      Disability, (C) Employee terminates his employment for Good Reason,
      (D) the Term expires following delivery by Company of a notice of
      non-renewal pursuant to Section 2, (E) expiration of the Term
      following delivery by Employee of a notice of non-renewal pursuant to
      Section 2 or (F) Employee’s resignation without Good Reason, then the
      Company shall:

     

    (i) pay
      to
      Employee the Base Salary earned through the Termination Date (pro rated for
      any
      partial month) plus accrued but unused vacation and any Bonus in respect of
      a
      prior and current year which has been earned but not yet paid;

     

    (ii) reimburse
      Employee for any expenses pursuant to Section 4(e); and

     

    (iii) subject
      to the terms of Section 8(a) and 8(b) below, (w) in the event of
      termination due to Disability, pay Employee 100% of Base Salary and provide
      health benefits in accordance with Section 4(d) for a period commencing
      within 30 days of Employee’s termination of employment and ending on a date that
      is twelve (12) months after the date payment commenced, (x) in the event of
      expiration of the Term following delivery by Company of a notice of non-renewal
      pursuant to Section 2, (A) pay Employee 100% of Base Salary for a
      period commencing within 30 days of such expiration and ending on a date that
      is
      twelve (12) months after the date payment commenced plus (B) pay Employee a
      pro rata portion of the target bonus in effect for the year of expiration (based
      on the Company’s performance as of the end of the most recently completed
      financial quarter) plus 50% of the actual bonus paid in the prior year, plus
      (C) provide health benefits in accordance with Section 4(d) for the
      period described in (A) above, (y) at the election of the Company, in the
      event of expiration of the Term following delivery by Employee of a notice
      of
      non-renewal pursuant to Section 2, (A) pay Employee 100% of Base
      Salary for a period commencing within 30 days of such expiration and ending
      on a
      date that is twelve (12) months after the date payment commenced plus
      (B) pay Employee a pro rata portion of the target bonus in effect for the
      year of expiration (based on the Company’s performance as of the end of the most
      recently completed financial quarter) plus 50% of the actual bonus paid in
      the
      prior year, plus (C) provide health benefits in accordance with
      Section 4(d) for the period described in (A) above, and (z) in the
      event of Employee’s termination by the Company without Cause or Employee’s
      resignation for Good Reason, (A) pay Employee 100% of Base Salary for a
      period commencing within 30 days of Employee’s termination of employment and
      ending on a date that is twelve (12) months after the date payment commenced
      plus (B) pay Employee the target bonus in effect for the year of
      termination or, if none, the actual bonus paid in the year prior to termination,
      plus (C) provide health benefits in accordance with Section 4(d) for a
      period commencing within 30 days of Employee’s termination of employment and
      ending on a date that is twelve (12) months after the date payment commenced,
      provided,
      that
      all such payments shall be payable in accordance with the Company’s normal
      payroll practices for its executives and key management personnel subject to
      Section 6(d) below. Notwithstanding the foregoing, in the event Employee is
      a “specified employee” as defined in Section 409A of the Internal Revenue
      Code of 1986, as amended (the “Code”) and regulations issued thereunder, to the
      extent required by Code Section 409A, payment of Base Salary and Bonus
      payable pursuant to this paragraph (iii) shall instead commence on the
      first day of the seventh month following termination of employment and continue
      for twelve (12) months thereafter.

    
      
         

      

      
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    As
      a
      condition to payment of the above compensation and benefits, Employee must
      deliver to the Company a general release in favor of the Company and Hyde Park
      (and their respective directors, officers, employees, successors and assigns)
      in
      form and substance reasonably acceptable to the Company, releasing any and
      all
      claims of Employee arising out of or by reason of his termination of employment
      hereunder (the “Release”),
      and
      the Release shall not have been revoked by Employee. The Employee shall be
      under
      no obligation to seek other employment or otherwise to mitigate the obligations
      of the Company under this Agreement.

     

    (d) This
      Section 6 sets forth the only obligations of the Company and Hyde Park with
      respect to the termination of Employee’s employment with the Company, and
      Employee acknowledges that upon the termination of his employment, he shall
      not
      be entitled to any payments or benefits which are not explicitly provided in
      this Agreement. Except as set forth in section 6(c)(iii) above, any and all
      payments to Employee or his estate, as the case may be, shall be paid within
      fifteen (15) business days of the applicable Termination Date.

     

    7. Protection
      of Confidential Information.

     

    Employee
      acknowledges and agrees that he will not divulge to anyone (other than the
      Company and its affiliates or any persons employed or designated by the Company
      or in connection with the Employee’s duties hereunder) any knowledge or
      information of any type whatsoever of a confidential nature relating to the
      business of the Company or its affiliates, including, without limitation,
      non-public information concerning the financial data, strategic business plans,
      product development (or other proprietary product data), customer lists,
      marketing plans and other non-public, proprietary and confidential information
      of the Company or its affiliates, customers or suppliers, that, in any case,
      is
      not otherwise available to the public (other than by Employee’s breach of the
      terms hereof). The provisions of this Section 7 shall apply both during the
      time that Employee is employed by the Company and thereafter.

    
      
         

      

      
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    8. Restriction
      of Competition; Interference; and Non-Solicitation.

     

    (a) As
      a
      significant inducement to the Company to enter into and perform its obligations
      under this Agreement, during the Term and the Restricted Period (defined below),
      if any, Employee shall not anywhere in the United States of America and Canada,
      directly or indirectly, individually or as an employee, partner, officer,
      director or shareholder or in any other capacity whatsoever own, manage,
      operate, sell, control or participate in the ownership, management, operation,
      sales or control of or be connected in any manner, including as an employee,
      advisor or consultant or similar role, with any business engaged directly or
      indirectly in the Business. Nothing contained herein shall prohibit the Employee
      from being a passive owner of not more than 5% of the outstanding equity of
      any
      class of an entity which is publicly traded. The term “Restricted Period” shall
      mean the one year period commencing on Termination Date; provided, however,
      in
      the case of delivery of a notice of non-renewal by the Employee pursuant to
      Section 2 above, there is no Restricted Period unless the Company delivers
      to
      Employee within ten days of such expiration a written election agreeing to
      make
      payments and provide benefits set forth in Section 6(c)(iii). Notwithstanding
      the foregoing, except in the case of termination by the Company for Cause
      pursuant to Section 5(a) or resignation by Employee without Good Reason,
      (x) the Employee’s obligations under this Section 8(a) shall terminate
      in the event that the Company ceases to make payments and provide benefits
      pursuant to Section 6(c)(iii), and (y) the Company’s obligation to
      make payments and provide benefits pursuant to Section 6(c)(iii) shall
      terminate in the event that Employee ceases to comply with his obligations
      under
      this Section 8(a).

     

    (b) In
      addition to, and not in limitation of, the non-competition covenants set forth
      above in this Section, the Employee agrees that during the Term and the
      Restricted Period (defined above), he will not, directly or indirectly,
      (i) solicit, induce or attempt to induce any executive, employee,
      consultant or contractor of the Company or its affiliates to terminate his
      or
      her employment or his or her services with the Company provided, however, the
      foregoing restriction will not prohibit contact between Employee and any
      individual that results from (A) such individual’s response to a general
      solicitation or advertisement that is not specifically directed or targeted
      to
      such Person, or (B) such individual’s own initiative at any time after his
      or her termination by the Company, or (ii) solicit business away from, or
      attempt to sell, license or provide products or services the same as the
      Business to any customer of the Company or their subsidiaries and/or affiliates.
      Notwithstanding the foregoing, except in the case of termination by the Company
      for Cause pursuant to Section 5(a) or resignation by Employee without Good
      Reason, (x) the Employee’s obligations under this Section 8(b) shall
      terminate in the event that the Company ceases to make payments and provide
      benefits pursuant to Section 6(c)(iii), and (y) the Company’s
      obligation to make payments and provide benefits pursuant to
      Section 6(c)(iii) shall terminate in the event that Employee ceases to
      comply with his obligations under this Section 8(b).

     

    (c) The
      Employee acknowledges (i) the scope and period of restrictions to which the
      restrictions imposed in this Section applies are fair and reasonable and are
      reasonably required for the protection of the Company, (ii) this Agreement
      accurately describes the business to which the restrictions are intended to
      apply and (iii) the obligations and restrictions provided for herein are an
      integral part of the consideration motivating the Company to enter into this
      Agreement;

     

    (d) It
      is the
      intent of the parties to this Agreement that the provisions of this Section
      will
      be enforced to the fullest extent permissible under applicable law. If any
      particular provision or portion of this Section is adjudicated to be invalid
      or
      unenforceable, the Agreement will be deemed amended to revise that provision
      or
      portion to the minimum extent necessary to render it enforceable. Such amendment
      will apply only with respect to the operation of this paragraph in the
      particular jurisdiction in which such adjudication was made.

    
      
         

      

      
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    (e) In
      addition, neither during the Term nor at any time thereafter shall Employee
      disparage the Company or any of its officers, directors or affiliates by making
      (or causing others to make) any oral or written statements or representations
      that could reasonably be construed to be a false and misleading statement of
      fact or a libelous, slanderous or disparaging statement of or concerning any
      of
      the aforementioned persons.

     

    9. Specific
      Remedies.

     

    (a) It
      is
      understood by Employee and the Company that the covenants contained in this
      Section 9 and in Sections 7 and 8 hereof are essential elements of
      this Agreement and that, but for the agreement of Employee to comply with such
      covenants, the Company would not have agreed to enter into this Agreement.
      The
      Company and Employee have independently consulted with their respective counsel
      and have been advised concerning the reasonableness and propriety of such
      covenants with specific regard to the nature of the business conducted by the
      Company and all interests of the Company. Employee agrees that the covenants
      contained in Sections 7 and 8 are reasonable and valid, and that a breach
      by Employee of any of such covenants shall be deemed to be a breach of a
      material provision of this Agreement. Employee acknowledges that the Company
      will have no adequate remedy at law if Employee violates the provisions of
      Sections 7 or 8 and that the Company shall have the right upon application
      to any court of proper jurisdiction to a temporary restraining order,
      preliminary injunction, injunction, specific performance or other equitable
      relief.

     

    10. Indemnification;
      Insurance.

     

    In
      addition to any rights to indemnification to which Employee is entitled under
      the Company’s or Hyde Park’s charter and by-laws, to the extent permitted by
      applicable law, the Company and Hyde Park will indemnify, from the assets of
      the
      Company and Hyde Park supplemented by insurance, Employee at all times, during
      and after the Term, and, to the maximum extent permitted by applicable law,
      shall pay Employee’s expenses (including reasonable attorneys’ fees and
      expenses, which shall be paid in advance by the Company as incurred, subject
      to
      recoupment in accordance with applicable law) in connection with any threatened
      or actual action, suit or proceeding to which Employee may be made a party,
      brought by any shareholder of the Company or Hyde Park directly or derivatively
      or by any third party by reason of any act or omission or alleged act or
      omission in relation to any affairs of the Company or Hyde Park or any
      subsidiary or affiliate of the Company or Hyde Park of Employee as an officer,
      director or employee of the Company or Hyde Park or any subsidiary or affiliate
      of the Company or Hyde Park. The Company and Hyde Park shall maintain during
      the
      Term and thereafter directors’ and officers’ liability insurance coverage
      sufficient, as reasonably determined by the Board of Hyde Park, to satisfy
      any
      indemnification obligation of Company or Hyde Park arising under this
      Section 10.

    
      
         

      

      
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    11. Independence;
      Severability and Non-Exclusivity.

     

    Each
      of
      the rights enumerated in Sections 7 and 8 hereof and the remedies
      enumerated in Section 9 hereof shall be independent of the others and shall
      be in addition to and not in lieu of any other rights and remedies available
      to
      the Company at law or in equity. If any provision of this Agreement, or any
      part
      of any of them, is hereafter construed or adjudicated to be invalid or
      unenforceable, the same shall not affect the remainder of the covenants or
      rights or remedies which shall be given full effect without regard to the
      invalid portions. If any covenant set forth herein is held to be invalid or
      unenforceable because of the duration of such provision or the area covered
      thereby, the parties agree that the court making such determination shall have
      the power to reduce the duration and/or area of such provision and in its
      reduced form said provision shall then be enforceable. No such holding of
      invalidity or unenforceability in one jurisdiction shall bar or in any way
      affect the Company’s right to the relief provided in Section 9 or otherwise
      in the court of any other state or jurisdiction within the geographical scope
      of
      such covenants as to breaches of such covenants in such other respective states
      or jurisdictions, such covenants being, for this purpose, severable into diverse
      and independent covenants.

     

    12. Compliance
      with Code Section 409A.

     

    For
      the
      purpose of complying with Code Section 409A, reimbursement of expenses
      under Section 4 shall occur no later than December 31 of the year
      following the year in which the expense was incurred, and payment of a Gross-Up
      Payment under Section 4(j) shall be made no later than December 31 of
      the year following the year in which occurs payment of the related tax. In
      the
      event of any inconsistency between any provision of this Agreement and Code
      Section 409A, including any regulatory and administrative guidance issued
      from time to time thereunder, the provisions of Code Section 409A shall
      control. It is the intention of the parties hereto that this Agreement satisfy
      the requirements of Code Section 409A, and the parties hereby agree to
      amend this Agreement as and when necessary or desirable to conform to or
      otherwise properly reflect any guidance issued under Code Section 409A
      after the date hereof without violating Code Section 409A. In case any one
      or more provisions of this Agreement fails to comply with the provisions of
      Code
      Section 409A, the remaining provisions of this Agreement shall remain in
      effect, and this Agreement shall be administered and applied as if the
      non-complying provisions were not part of this Agreement. The parties in that
      event shall endeavor to agree upon a reasonable substitute for the non-complying
      provisions, to the extent that a substituted provision would not cause this
      Agreement to fail to comply with Code Section 409A, and, upon so agreeing,
      shall incorporate such substituted provisions into this Agreement.

     

    13. Successors;
      Binding Agreement.

     

    This
      Agreement is personal to Employee and without the prior written consent of
      the
      Company shall not be assignable by Employee otherwise than by will or the laws
      of descent and distribution. The Company shall be permitted to freely assign
      its
      rights, interests and obligations to any parent, subsidiary or affiliate, or
      to
      any other third party, which acquires all or substantially all of the stock
      or
      assets of the Company. This Agreement shall inure to the benefit of and be
      enforceable by Employee’s legal representatives.

     

    14. Notices.

     

    Any
      notice or other communications required or permitted hereunder shall be in
      writing and shall be deemed effective (i) upon personal delivery, if
      delivered by hand and followed by notice by mail or facsimile transmission,
      (ii) three (3) days after the date of deposit in the mails, if mailed by
      certified or registered mail (return receipt requested), or (iii) on the
      next business day, if mailed by an overnight mail service to the parties or
      sent
      by facsimile transmission,

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    To
      the
      Company:

     

    Essex
      Crane Rental Corp.

    1110
      Lake
      Cook Road, Suite 220

    Buffalo
      Grove, Illinois 60089

    Fax
      :
      (847) 215-6535

    Attention:
      Chief Executive Officer

     

    With
      a
      copy to:

     

    Hyde
      Park
      Acquisition Corp.

    461
      Fifth
      Avenue, 25 Floor

    New
      York,
      NY 10017 

    Attention:
      Laurence S. Levy and Edward Levy 

    Fax:
      (212) 644-6262

     

    To
      Employee:

     

    William
      J. O’Rourke

    13253
      Callan Drive

    Orland
      Park, IL 60462

    Facsimile:
      _______________

     

    or
      at
      such other address or telecopy number (or other similar number) as either party
      may from time to time specify to the other. Any notice, consent or other
      communication required or permitted to be given hereunder shall have been deemed
      to be given on the date of mailing, personal delivery or telecopy or other
      similar means (provided the appropriate answer back is received) thereof and
      shall be conclusively presumed to have been received on the second business
      day
      following the date of mailing or, in the case of personal delivery or telecopy
      or other similar means, the day of delivery thereof, except that a change of
      address shall not be effective until actually received.

     

    15. Headings.

     

    The
      headings of this Agreement are for convenience of reference only and shall
      not
      affect in any manner any of the terms and conditions hereof.

     

    16. Counterparts.

     

    This
      Agreement may be executed in two or more counterparts, each of which shall
      be
      deemed an original and all of which together shall constitute one and the same
      agreement.

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

    17. Modifications
      and Waivers.

     

    No
      term,
      provision or condition of this Agreement may be modified or discharged unless
      such modification or discharge is authorized by the Board of Directors of the
      Company and is agreed to in writing and signed by Employee. No waiver by either
      party hereto of any breach by the other party hereto of any term, provision
      or
      condition of this Agreement to be performed by such other party shall be deemed
      a waiver of similar or dissimilar provisions or conditions at the same or at
      any
      prior or subsequent time.

     

    18. Entire
      Agreement.

     

    This
      Agreement constitutes the entire agreement between the parties with respect
      to
      the subject matter herein and supersedes all prior agreements, negotiations
      and
      discussions between the parties hereto, there being no extraneous agreements.
      This Agreement may be amended only in writing executed by the parties hereto
      affected by such amendment.

     

    19. Law
      Governing.

     

    Except
      as
      otherwise explicitly noted, this Agreement shall be governed by and construed
      in
      accordance with the laws of the State of New York (without giving effect to
      the
      principles of conflicts of law).

    

    [Signature
      page follows]

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the parties hereto have executed this Employment Agreement
      on
      the day and year set forth above.

     

    
      	 	
              EMPLOYEE

            
	 	 
	 	 
	 	
              /s/
                William J. O’Rourke

            
	 	
              William
                J. O’Rourke

            
	 	 
	 	
              COMPANY

            
	 	 
	 	
              ESSEX
                CRANE RENTAL CORP.

            
	 	 
	 	 
	 	
              By: 

            	
              /s/
                Martin A. Kroll

            
	 	
              Name:
                Martin A. Kroll

            
	 	
              Title:
                Senior V.P. & CFO

            
	 	 
	 	
              HYDE
                PARK ACQUISITION CORPORATION

            
	 	 
	 	 
	 	
              By:

            	
              /s/
                Laurence Levy

            
	 	
              Name:
                Laurence Levy

            
	 	
              Title:
                Chief Executive Officer

            

    

     

    [Signature
      page to W. O’Rourke Employment Agreement]Exhibit
        10.5

    

    ESCROW
      AGREEMENT

    

    THIS
      ESCROW AGREEMENT (this “Escrow
      Agreement”)
      made
      as of October 31, 2008, by and among Hyde Park Acquisition Corp., a Delaware
      corporation (the “Purchaser”), KCP
      Services, LLC, a Delaware limited liability company (the “Seller
      Representative”),
      and
      KeyBank National Association, as escrow agent (the “Escrow
      Agent”).
      

    

    WITNESSETH

    

    WHEREAS,
      Essex Crane Rental Corporation, a Delaware corporation, the Purchaser, Seller
      Representative, Essex Holdings LLC, a Delaware limited liability company
      (“Holdings”)
      and
      the members of Holdings have entered into a certain Purchase Agreement dated
      as
      of March 6, 2008, as amended on May 9, 2008 and August 14, 2008 (as amended,
      the
“Purchase
      Agreement”)
      (capitalized terms used but not otherwise defined herein shall have the meanings
      attributed to them in the Purchase Agreement) with respect to the sale to
      Purchaser of all of the equity securities of Holdings, other than the Retained
      Interests; and

    

    WHEREAS,
      in order to secure the Purchaser against payments of Shortfall Consideration
      and
      indemnification payments pursuant to Section 11.3 of the Purchase Agreement,
      a
      portion of the Total Purchase Price and a portion of the shares of Purchaser
      Stock owned by Kirtland (defined below) as of the date hereof shall be delivered
      to the Escrow Agent to be held in escrow in accordance with the provisions
      hereof.

    

    NOW,
      THEREFORE, in consideration of the premises set forth herein and for other
      good
      and valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, the parties agree as follows:

    

    1. Appointment
      of Escrow Agent.
      The
      Escrow Agent is hereby appointed to act as Escrow Agent hereunder in accordance
      with the terms set forth herein, and the Escrow Agent hereby agrees to accept
      such
      appointment.

    

    2. Deposit
      of Escrow Funds and Escrowed Interests.
      

    

    (a) At
      the
      Closing, the Purchaser shall deliver to the Escrow Agent (i) an aggregate amount
      of $7,000,000 (the “Cash
      Escrow Funds”)
      by
      wire transfer of immediately available funds and (ii) stock certificates issued
      in the name of (x) Kirtland Capital Partners III, L.P. (“KCP
      III”)
      representing 605,191 shares of Purchaser Stock, and (y) Kirtland Capital Company
      III LLC (“KCC
      III”
and
      together with KCP III, “Kirtland”)
      representing 36,902 shares of Purchaser Stock (together with securities issued
      upon a stock split or other reclassification or combination involving such
      shares of Purchaser Stock, the “Escrowed
      Interests”
and
      together with the Cash Escrow Funds, the “Total
      Escrow Funds”).
      The
      Total Escrow Funds are to be held and disbursed by the Escrow Agent in
      accordance with the terms set forth herein. 

    

    (b) At
      and
      from time to time after the Closing as is necessary to transfer the Escrowed
      Interests to Purchaser in accordance with the terms hereof, Kirtland shall
      deliver to the Escrow Agent duly endorsed stock powers or other documentation
      necessary to effectuate any transfers of Purchaser Stock to Purchaser, which
      stock powers and other documentation shall be held in escrow by the Escrow
      Agent
      until such time or times as such transfers are required to be made in accordance
      with the terms of this Escrow Agreement.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

          

    

    (c)Reserved.

    

    (d) During
      the term of this Escrow Agreement, the Cash Escrow Funds shall be held in a
      trust account at KeyBank National Association (“Trust
      Account”),
      segregated apart from the general funds of KeyBank National Association, pending
      disbursement pursuant to this Escrow Agreement. The Escrow Agent shall cause
      the
      Cash Escrow Funds to be invested, to the maximum practical extent, in United
      States Treasury bills having a maturity of thirty-one (31) days or less or
      other
      similar short-term instruments, including, without limitation, the Victory
      Institutional Money Market Fund, payment of the principal and interest on which
      is backed by the full faith and credit of the United States. Any interest earned
      on the Cash Escrow Funds shall be for the account of the Seller Representative.
      Accordingly, the Escrow Agent shall distribute to Seller Representative within
      five days following the end of each calendar quarter an amount equal to any
      interest or other earnings on such Cash Escrow Funds. The Escrow Agent shall
      not
      have any liability for any loss sustained as a result of any investment in
      an
      investment made pursuant to the terms of this Escrow Agreement. The Escrow
      Agent
      shall have the right to liquidate any investments held in order to provide
      funds
      necessary to make required payments under this Escrow Agreement.

    

    (e)Escrowed
      Interests and any related stock powers or other instruments of transfer shall
      be
      held by the Escrow Agent in escrow hereunder. Any cash distributions or
      dividends paid in respect of the Escrow Interests shall be distributed to Seller
      Representative within five days following the end of each calendar quarter.
      Kirtland shall be entitled to exercise any voting rights attached to the
      Escrowed Interests during such time that the Escrowed Interests are held in
      escrow pursuant to this Escrow Agreement.

    

    3. Release
      of
      Escrow Funds and Escrowed Interests.
      The
      Cash Escrow Funds and Escrowed Interests shall be distributed by the Escrow
      Agent as follows:

    

    (a) If
      the
      Seller Representative and the Purchaser shall at any time jointly direct Escrow
      Agent in writing to distribute some or all of the Total Escrow Funds, or if
      Escrow Agent shall have received an order, decree or judgment of a court or
      arbitrator of competent jurisdiction and directing Escrow Agent to distribute
      some or all of the Total Escrow Funds, Escrow Agent shall on the fifth (5th)
      Business Days thereafter distribute the amount of the Total Escrow Funds as
      directed in such joint written direction, order, decree or judgment. Any such
      distributions made on account of Shortfall Consideration shall be so specified
      in such joint written direction, order, decree or judgment. 

    

    (b) If
      the
      Escrow Agent does not receive a copy of a Claim Response on or prior to the
      tenth (10th)
      Business Day (the “Claim
      Response Date”)
      immediately following receipt by the Escrow Agent of a copy of a Claim Notice
      delivered pursuant to the Purchase Agreement, then the Escrow Agent shall,
      on
      the fifth (5th)
      Business Day after the Claim Response Date, distribute to, or as directed by,
      the Purchaser the amount claimed by the Purchaser Indemnitee in the Claim
      Notice.

    

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

       

    

    (c) If
      the
      Escrow Agent receives a copy of a Claim Response on or prior to the Claim
      Response Date, then the Escrow Agent shall (i) on the fifth Business Day after
      the Claim Response Date distribute to, or as directed by, the Purchaser the
      amount claimed by the Purchaser Indemnitee in the Claim Notice which is not
      disputed by the Indemnifying Party in such Claim Response and (ii) retain as
      part of the Total Escrow Funds the amount of such claim disputed by the
      Indemnifying Party in such Claim Response (a “Disputed
      Amount”),
      and
      continue to hold and disburse such amount in accordance with the provisions
      of
      this Escrow Agreement.

    

    (d) Any
      Claim
      Notice, joint written direction, order, decree, judgment or other written
      instruction which directs the Escrow Agent to disburse all or a portion of
      the
      Total Escrow Funds shall specify the amount of such disbursement to be paid
      out
      of the Cash Escrow Funds and the amount of such disbursement to be paid out
      of
      the Escrowed Interests; provided,
      however,
      (i) any
      distribution from the Total Escrow Funds shall first be made from the Cash
      Escrow Funds until such Cash Escrow Funds have been completely depleted, unless
      otherwise agreed to by the Seller Representative, (ii) if, at the time of any
      distribution, the specified distribution allocation is no longer possible as
      a
      result of intervening distributions from the Total Escrow Funds or otherwise,
      such distribution shall be satisfied in full out of the Total Escrow Funds
      in a
      manner that is consistent with the specified allocation to the greatest extent
      practicable, and (iii) the aggregate value of Escrowed Interests that may be
      distributed under this Escrow Agreement may not exceed $5,000,000 (as calculated
      in Section
      3(e)
      hereof).
      The aggregate value of Escrowed Interests from time to time in excess of
      $5,000,000 shall be held by the Escrow Agent solely for the benefit of the
      Seller Representative.

    

    (e) A
      distribution of Escrowed Interests to Purchaser hereunder shall be effected
      via
      surrender by the Escrow Agent to the Purchaser of the stock powers or other
      instruments of transfer held by the Escrow Agent relating to the Escrowed
      Interests. The value of any Escrowed Interests to be distributed to the
      Purchaser hereunder shall be the average closing sale price for a share of
      Purchaser common stock as quoted on the Over-the-Counter Bulletin Board (or
      on a
      national securities market on which the Purchaser’s common stock is then quoted
      for trading) for the twenty trading days ending two trading days immediately
      preceding the date of applicable distribution of Escrowed Interests. The
      Purchaser shall deliver to the Escrow Agent and the Seller Representative the
      Purchaser’s calculation of the value of any Escrowed Interests to be distributed
      hereunder, which calculation shall be final and binding absent manifest error
      (and Seller’s Representative shall be deemed to be in agreement with such
      calculation, unless it shall notify Escrow Agent and Purchaser of any such
      error
      prior to the time that distribution of the Escrowed Interests to Purchaser
      is
      required pursuant to this Escrow Agreement). Escrow Agent will not be
      responsible for determining or calculating the market price or the amount of
      any
      distribution. 

    

    (f) Promptly
      following the date that any payments in respect of an Adjustment are required
      to
      be made pursuant to Section 2.3(d) of the Purchase Agreement, the Purchaser
      and
      the Seller Representative shall deliver joint written notice to the Escrow
      Agent
      directing the Escrow Agent to distribute to, or as directed by, the Seller
      Representative from the balance of the Cash Escrow Funds an amount equal to
      the
      positive difference, if any, between $1,000,000 and any amounts theretofore
      distributed to the Purchaser on account of such Adjustment (as specified in
      any
      joint written direction, order, decree, judgment or other written instruction
      theretofore received by the Escrow Agent). 

    

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

       

    

    (g) Promptly,
      but in no event longer than five (5) Business Days, following the earlier of
      (i)
      date that the Survival Period has expired, or (ii) the date on which the total
      Cash Escrow Funds plus an aggregate number of Escrowed Interests have been
      distributed to Purchaser under this Escrow Agreement having an aggregate value
      of $5,000,000, the Purchaser and the Seller Representative shall deliver joint
      written notice to the Escrow Agent directing the Escrow Agent to distribute
      to,
      or as directed by, the Seller Representative the then-remaining amount of the
      Total Escrow Funds less
      (A) the
      aggregate of any Disputed Amounts, and (B) the amount claimed by the Purchaser
      in any Claim Notices received as of such date by the Escrow Agent in respect
      of
      which a Claims Response had not yet been received, or required to be received,
      by the Escrow Agent (“Pending
      Claim Amounts”).
      The
      Escrow Agent shall continue to hold and disburse such Disputed Amounts and
      Pending Claim Amounts in accordance with the provisions of this Escrow
      Agreement.

    

    4. Escrow
      Agent.

    

    (a) The
      Escrow Agent undertakes to perform only such duties as are expressly set forth
      herein and no duties shall be implied. The Escrow Agent shall have no liability
      under and no duty to inquire as to the provisions of any agreement other than
      this Escrow Agreement. The Escrow Agent shall neither be responsible for, nor
      chargeable with, knowledge of, nor have any requirements to comply with, the
      terms and conditions of any other agreement, instrument or document between
      any
      of the parties hereto, in connection herewith, if any, including without
      limitation the Purchase Agreement, nor shall the Escrow Agent be required to
      determine if any person or entity has complied with any such agreements, nor
      shall any additional obligations of the Escrow Agent be inferred from the terms
      of such agreements, even though reference thereto may be made in this Escrow
      Agreement.

    

    (b) The
      Escrow Agent may rely upon and shall not be liable for acting or refraining
      from
      acting upon any written notice, instruction or request furnished to it hereunder
      and reasonably believed by it to be genuine and to have been signed or presented
      by the proper party or parties. The Escrow Agent shall be under no duty to
      inquire into or investigate the validity, accuracy or content of any such
      document. The Escrow Agent shall have no duty to solicit any payments which
      may
      be due it or the Total Escrow Funds. The Escrow Agent shall have no duty or
      obligation to make any calculations of any kind hereunder.

     

    (c) The
      Escrow Agent shall not be liable for any action taken or omitted by it in good
      faith except to the extent that a court of competent jurisdiction determines
      that the Escrow Agent's gross negligence or willful misconduct was the primary
      cause of any loss to the Purchaser or the Seller Representative. The Escrow
      Agent may execute any of its powers and perform any of its duties hereunder
      directly or through agents or attorneys (and shall be liable only for the
      careful selection of any such agent or attorney) and may consult with counsel,
      accountants and other skilled persons to be selected and retained by it. The
      Escrow Agent shall not be liable for anything done, suffered or omitted in
      good
      faith by it in accordance with the advice or opinion of any such counsel,
      accountants or other skilled persons. In the event that the Escrow Agent shall
      be uncertain as to its duties or rights hereunder or shall receive instructions,
      claims or demands from any party hereto which, in its opinion, conflict with
      any
      of the provisions of this Escrow Agreement, it shall be entitled to refrain
      from
      taking any action and its sole obligation shall be to hold safely all the Total
      Escrow Funds until it shall be directed otherwise in writing by the Purchaser
      and the Seller Representative jointly or by a final order or judgment of a
      court
      of competent jurisdiction. The parties to this Escrow Agreement agree to pursue
      any redress or recourse in connection with any dispute without making the Escrow
      Agent a party to the same, except where the Escrow Agent is a necessary party
      or
      is otherwise required by law to be a party to such dispute.

    
       

      
        
          
          

        

        
          -4-

          
            

          

        

        
          
          

        

      

    

    (d) Anything
      in this Escrow Agreement to the contrary notwithstanding, in no event shall
      the
      Escrow Agent be liable for special, indirect or consequential loss or damage
      of
      any kind whatsoever (including but not limited to lost profits), even if the
      Escrow Agent has been advised of the likelihood of such loss or damage and
      regardless of the form of action.

    

    5. Succession.
      The
      Escrow Agent may resign and be discharged from its duties or obligations
      hereunder by giving 30 days advance notice in writing of such resignation to
      the
      Purchaser and the Seller Representative specifying a date when such resignation
      shall take effect. The Purchaser and the Seller Representative shall use their
      best efforts to mutually agree on a successor escrow agent within thirty (30)
      days after receiving such notice The successor escrow agent shall execute and
      deliver an instrument accepting such appointment and it shall, without further
      acts, be vested with all the estates, properties, rights, powers and duties
      of
      the predecessor escrow agent as if originally named escrow agent. If the
      Purchaser and the Seller Representative have failed to appoint a successor
      escrow agent prior to the expiration of thirty
      (30) days following receipt of the notice of resignation, the Escrow Agent
      may
      petition any court of competent jurisdiction for the appointment of a successor
      escrow agent or for other appropriate relief, and any such resulting appointment
      shall be binding upon all of the parties hereto. Escrow Agent’s sole
      responsibility after such thirty (30) day notice period expires shall be to
      hold
      the Cash Escrow Funds (without any obligation to reinvest the same) and to
      deliver the same to a designated substitute escrow agent, if any, or in
      accordance with the directions of a final order or judgment of a court of
      competent jurisdiction, at which time of delivery Escrow Agent’s obligations
      hereunder shall cease and terminate. The Escrow Agent shall have the right
      to
      withhold an amount equal to any amount due and owing to the Escrow Agent, plus
      any costs and expenses the Escrow Agent shall reasonably believe may be incurred
      by the Escrow Agent in connection with the termination of this Escrow Agreement.
      Any corporation or association into which the Escrow Agent may be merged or
      converted or with which it may be consolidated, or any corporation or
      association to which all or substantially all the escrow business of the Escrow
      Agent’s line of business may be transferred, shall be the Escrow Agent under
      this Escrow Agreement without further act.

    

    6. Fees.
      The
      Purchaser and the Seller Representative agree jointly and severally to (i)
      pay
      the Escrow Agent upon execution of this Escrow Agreement and from time to time
      thereafter reasonable compensation for the services to be rendered hereunder,
      which unless otherwise agreed in writing shall be as described in Schedule
      1
      attached
      hereto, and (ii) pay or reimburse the Escrow Agent upon request for all
      expenses, disbursements and advances, including reasonable attorney's fees
      and
      expenses, incurred or made by it in connection with the preparation, execution,
      performance, delivery, modification and termination of this Escrow Agreement.
      

    

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

     

    7. Indemnity.
      The
      Purchaser and the Seller Representative shall jointly and severally indemnify,
      defend and save harmless the Escrow Agent
      and its
      directors, officers, agents and employees from all loss, liability or expense
      (including the fees and expenses of in house or outside counsel) arising out
      of
      or in connection with (i) the Escrow Agent's execution and performance of this
      Escrow Agreement, except in the case of any indemnitee to the extent that such
      loss, liability or expense is finally adjudicated by a court of competent
      jurisdiction to have been primarily caused by the gross negligence or willful
      misconduct of such indemnitee, or (ii) its following any instructions or other
      directions from the Purchaser or the Seller Representative, except to the extent
      that its following any such instruction or direction is expressly forbidden
      by
      the terms hereof. The parties hereto acknowledge that the foregoing indemnities
      shall survive the resignation or removal of the Escrow Agent or the termination
      of this Escrow Agreement. The Purchaser and the Seller Representative hereby
      grant the Escrow Agent a lien on, right of set-off against and security interest
      in the Total Escrow Funds for the payment of any claim for indemnification,
      compensation, expenses and amounts due hereunder.

    

    8. Termination.
      This
      Escrow Agreement shall automatically, without any action by the Purchaser or
      the
      Seller Representative, be terminated upon the disbursement by the Escrow Agent
      of all the Total Escrow Funds pursuant to the terms herein.

    

    9. Notices.
      

    

    (a) All
      communications hereunder shall be in writing and shall be deemed to be duly
      given and received:

    

    (i)
      upon
      delivery if delivered personally or upon confirmed transmittal if by
      facsimile;

    

    (ii)
      on
      the next Business Day (as hereinafter defined) if sent by overnight courier;
      or

    

    (iii)
      four (4) Business Days after mailing if mailed by prepaid registered mail,
      return receipt requested, to the appropriate notice address set forth below
      or
      at such other address as any party hereto may have furnished to the other
      parties in writing by registered mail, return receipt requested.

    

    (b) Notwithstanding
      the above, in the case of communications delivered to the Escrow Agent pursuant
      to (ii) and (iii) of this Section 9, such communications shall be deemed to
      have
      been given on the date received by the Escrow Agent. In the event that the
      Escrow Agent, in its sole discretion, shall determine that an emergency exists,
      the Escrow Agent may use such other means of communication as the Escrow Agent
      reasonably deems appropriate.

    

    (c) "Business
      Day" shall mean any day other than a Saturday, Sunday or any other day on which
      the Escrow Agent located at the notice address set forth below is authorized
      or
      required by law or executive order to remain closed.

    

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

       

    

    (d) All
      communications under this Escrow Agreement shall be delivered to the following
      address:

    

    

    
      	
              If
                to the Purchaser:

            	
              Hyde
                Park Acquisition Corp.

              461
                Fifth Avenue, 25 Floor

              New
                York, NY 10017 

              Attn:
                Laurence S. Levy and Edward Levy 

              Fax:
                (212) 644-6262

            
	 	 
	
              with
                a copy to:

            	
              Katten
                Muchin Rosenman LLP

              575
                Madison Avenue

              New
                York, NY 10022

              Attention:
                Todd J. Emmerman, Esq.

              Fax:
                (212) 940-8776

            

    

    

    
      	
              If
                to Seller Representative:

            	
              KCP
                Services LLC

              3201
                Enterprise Parkway, Suite 200

              Beachwood,
                OH 44122

              Attention:
                Michael DeGrandis

              Fax
                (216) 593-0240

            
	 	 
	
              with
                a copy to:

            	
              Jones
                Day

              North
                Point

              901
                Lakeside Avenue

              Cleveland,
                OH 44114

              Attention:
                Charles W. Hardin Jr.

              Fax
                (216) 579-0212

            

    

     

    
      	
              If
                to the Escrow Agent:

            	
              KeyBank
                National Association

              127
                Public Square

              Corporate
                Escrow Dept., 14th
                Floor

              Cleveland,
                Ohio 44114

              Attn:
                Joyce A. Apostolec

              Fax
                (216) 689-3777

            

    

    

    10. Amendments
      and Waivers.
      This
      Escrow Agreement may only be amended with the written consent of the parties
      or
      their respective successors and assigns. Any amendment or waiver effected in
      accordance with this Section 10 shall be binding upon the parties and their
      respective successors and assigns.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    11. Successors
      and Assigns.
      The
      terms and conditions of this Escrow Agreement shall inure to the benefit of
      and
      be binding upon the parties and their successors and assigns. Except as
      otherwise set forth herein, no party to this Escrow Agreement may assign its
      rights or delegate its duties under this Escrow Agreement without the consent
      of
      the other parties hereto. The
      term
“Escrow Agent” as used herein shall also refer to the successors and assigns of
      Escrow Agent, including, without limitation, a receiver, trustee, custodian
      or
      debtor-in-possession.

    

    12. Titles
      and Subtitles.
      The
      titles and subtitles used in this Escrow Agreement are used for convenience
      only
      and are not to be considered in construing or interpreting this Escrow
      Agreement.

    

    13. Severability.
      If one
      or more provisions of this Escrow Agreement are held to be unenforceable under
      applicable law, the parties agree to renegotiate such provision in good faith.
      In the event that the parties cannot reach a mutually agreeable and enforceable
      replacement for such provision, then (i) such provision shall be excluded
      from this Escrow Agreement, (ii) the balance of this Escrow Agreement shall
      be interpreted as if such provision were so excluded and (iii) the balance
      of this Escrow Agreement shall be enforceable in accordance with its
      terms.

    

    14. Entire
      Agreement.
      This
      Escrow Agreement constitutes the entire agreement among the parties hereto
      pertaining to the subject matter hereof, and merges all prior negotiations
      and
      drafts of the parties with regard to the transactions contemplated
      herein.

    

    15. Counterparts.
      This
      Escrow Agreement may be executed in a number of identical counterparts but
      all
      counterparts shall constitute one agreement. All signatures of the parties
      to
      this Escrow Agreement may be transmitted by facsimile, and such facsimile will,
      for all purposes, be deemed to be the original signature of such party whose
      signature it reproduces and will be binding upon such party.

    

    16. Governing
      Law.
      This
      Escrow Agreement and all acts and transactions pursuant hereto and the rights
      and obligations of the parties hereto shall be governed, construed and
      interpreted in accordance with the laws of the State of New York, without giving
      effect to principles of conflicts of law.

    

    17. Consent
      to Jurisdiction; Waiver of Jury Trial.
      Each of
      the parties hereto hereby irrevocably consents to the exclusive jurisdiction
      of
      the courts of the State of New York and the United States District Court for
      the
      Southern District of New York and waives trial by jury in any action or
      proceeding with respect to this Escrow Agreement.

    

    18. Compliance
      with Court Orders.
      In the
      event that any escrow property shall be attached, garnished or levied upon
      by
      any court order, or the delivery thereof shall be stayed or enjoined by an
      order
      of a court, or any order, judgment or decree shall be made or entered by any
      court order affecting the property deposited under this Escrow Agreement, the
      Escrow Agent is hereby expressly authorized to obey and comply with all writs,
      orders or decrees so entered or issued, which it is advised by legal counsel
      is
      binding upon it, and in the event that the Escrow Agent obeys or complies with
      any such writ, order or decree it shall not be liable to any of the parties
      hereto or to any other person, firm or corporation, by reason of such compliance
      notwithstanding such writ, order or decree be subsequently reversed, modified,
      annulled, set aside or vacated.

    

    19. Tax
      Reporting.
      Prior
      to execution of this Escrow Agreement, the Seller Representative shall provide
      the Escrow Agent with a fully executed W-8 or W-9 Internal Revenue Service
      form,
      which shall include its Tax Identification Number (TIN) as assigned by the
      Internal Revenue Service. 

    

    [signature
      page to follow]

    

    
      
        
           

        

        
        

      

      
        -7-

        
          

        

      

      
        
        

        
        

      

    

    IN
      WITNESS WHEREOF, the parties have duly executed this Escrow Agreement as of
      the
      date first hereinabove stated.

    

      
        	
                KEYBANK
                  NATIONAL ASSOCIATION

              
	 
	 
	
                /s/
                  Joyce A. Apostolec

              
	
                Name:
                  Joyce A. Apostolec

              
	
                Title:
                  Assistant Vice President

              
	 
	
                HYDE
                  PARK ACQUISITION CORP.

              
	 
	 
	
                /s/
                  Laurence Levy

              
	
                Name:
                  Laurence Levy

              
	
                Title:
                  Chief Executive Officer

              
	 
	 
	
                KCP
                  SERVICES LLC

              
	 
	
                By:
                  Kirtland Capital Corporation, its managing member

              
	 
	 
	
                /s/
                  Michael T. DeGrandis

              
	
                Name:
                  Michael T. DeGrandis

              
	
                Title:
                  Vice President

              

      

    

    

    [Signature
      Page to Escrow Agreement]

    
      
        
           

        

        
        

      

      
        -8-

        
          

        

      

      
        
        

        
          

        

      

    

    Schedule
      1

    

    Escrow
      Fees

    

    Annual
      Administrative Escrow Fee payable upon execution of agreement, and annually
      thereafter upon the anniversary date of the account opening:

    

    
      	
              Annual
                Administrative Fee:

            	
              $3,500.00

            

    

    

    *Note:
      Should the Parties to the Escrow Agreement direct alternative investments other
      than the Victory money market funds (Government Reserve , Federal, and
      Institutional), an additional monthly custodial fee of 5 basis points (.0005)
      of
      assets market value will be charged monthly against the escrowed funds. The
      custody fee will be in addition to the annual administrative escrow
      fee.

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