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Exhibit 10.7  

FORM OF

INVESTMENT MANAGEMENT TRUST AGREEMENT  

        This Investment Management Trust Agreement ("Agreement") is made as
of                        , 2007 by and between
Taliera Corporation (the "Company") and Continental Stock Transfer & Trust Company ("Trustee"). 

        WHEREAS,
the Company's registration statement on Form S-1, No. 333-136097 ("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,
the Company has entered into an underwriting agreement with Morgan Joseph & Co. Inc. ("MJ"), acting as
representative of the underwriters (collectively, the "Underwriters") in the IPO, pursuant to which, among other matters, the Underwriters have agreed to purchase from the Company, and effect an IPO
of, 7,500,000 Units, each Unit consisting of one share of the Company's Common Stock, par value $.0001 per share ("Common Stock"), and one warrant
("Warrant"), each Warrant to purchase one share of Common Stock, all as more fully described in the Registration Statement; and 

        WHEREAS,
as described in the Registration Statement, and in accordance with the Company's Certificate of Incorporation, $57,150,000 of the gross proceeds of the IPO and sale of the
Insider Units ($65,600,000 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, 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 conditions 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 segregated trust accounts ("Trust
Account") established by the Trustee at J.P. Morgan Chase Bank, selected by the Trustee and at Smith Barney, a division of Citigroup Global Markets, Inc.; 

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

        (c)   In
a timely manner, upon the written instruction of the Company, to invest and reinvest the Property in United States "government securities" and/or in any open ended
money market funds 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. As used herein, "Government Security" means any Treasury Bill issued by the United States, having a maturity of one hundred and eighty days or less; 

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

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

        (f)    Supply
any necessary information or documents as may be requested by the Company in connection with the Company's preparation of its tax returns for the Trust Account; 

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

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

        (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, President 

 

or
Chairman of the Board or Secretary and affirmed by its Board of Directors, and complete the liquidation of the Trust Account and distribute the Property in the Trust Account only as directed in the
Termination Letter and 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 MJ 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; and 

        (j)    Upon
written instructions from the Company, in a form substantially similar to that attached hereto as Exhibit C,
the Trustee shall deliver to the Company, on a quarterly basis, an amount equal to the taxes payable by the Company, if any, relating to interest earned on the Property; provided, however, that such
distribution shall be only from income collected on the Property. 

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

        (a)   Give
all instructions to the Trustee hereunder in writing, signed by the Company's Chairman of the Board or Chief Executive Officer. In addition, except with respect to
its duties under paragraph 1(i) 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, including reasonable counsel fees and disbursements, or loss suffered by the
Trustee in connection with any action, suit or other proceeding brought against the Trustee involving any claim, or in connection with any claim or demand which in any way arises out of or relates to
this Agreement, the services of the Trustee hereunder, or the Property or any income earned from investment of the Property, except for expenses and losses resulting from the Trustee's gross
negligence, willful misconduct or bad faith. Promptly after the receipt by the Trustee of notice of demand or claim or the commencement of any action, suit or proceeding, pursuant to which the Trustee
intends to seek indemnification under this paragraph, it shall notify the Company in writing of such claim (hereinafter referred to as the "Indemnified
Claim"). The Trustee shall have the right to conduct and manage the defense against such Indemnified Claim, provided, that the Trustee shall obtain the consent of the Company
with respect to the selection of counsel, which consent shall not be unreasonably withheld. The Trustee may not agree to settle any Indemnified Claim without the prior written consent of the Company
unless such settlement includes a full release of the Company with respect to such Indemnified Claim. 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 Sections 1(j) 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 and further agreed that said
transaction processing fees shall be deducted by the Trustee from accumulated income at the time that disbursements are made to the Company pursuant to Section 1(j). 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
2(c) and as may be provided in Section 2(b) hereof (it being expressly understood that the Property shall not be used to make any payments to the Trustee under such Sections). 

        (d)   Provide
to the Trustee any letter of intent, agreement in principle or definitive agreement for a Business Combination that is executed on or prior to the First Date;
and 

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

2

 

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

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

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

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

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

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

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

        (g)   Verify
the correctness of the information set forth in the Registration Statement or to confirm or assure that any Business Combination consummated by the Company or any
other action taken by the Company is as contemplated by the Registration Statement; and 

        (h)   Subject
to the requirements of paragraph 1(j) of this Agreement, pay any taxes on behalf of the Trust Account to any governmental entity or taxing authority. 

4.    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
(90) 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 that arises due to any actions or omissions to act by any
party after such deposit; or 

        (b)   At
such time that the Trustee has completed the liquidation of the Trust Account in accordance with the provisions of paragraph 1(i) hereof, and
distributed the Property in accordance with the provisions of the Termination Letter, this Agreement shall terminate except with respect to Paragraph 2(b). 

5.    Miscellaneous. 

        (a)   The
Company and the Trustee each acknowledge that the Trustee will follow the security procedures set forth below with respect to funds transferred from the Trust
Account. Upon receipt of written instructions, the Trustee will confirm such instructions with an Authorized Individual at an Authorized Telephone Number listed on the attached  Exhibit D. The
Company and the Trustee will each restrict access to confidential information relating to such security procedures to authorized
persons. Each party must notify the other party immediately if it has reason to believe unauthorized persons may have obtained access to such information, or of any change in its 

3

 

authorized
personnel. In executing funds transfers, the Trustee will rely upon account numbers or other identifying numbers of a beneficiary, beneficiary's bank or intermediary bank, rather than
names. The Trustee shall not be liable for any loss, liability or expense resulting from any error in an account number or other identifying number, provided it has accurately transmitted the numbers
provided. 

        (b)   This
Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflicts of law principles
that would result in the application of the substantive laws of another jurisdiction. This Agreement 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 hereof 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 MJ. 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. 

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

if
to the Trustee, to: 

Continental
Stock Transfer

    & Trust Company

17 Battery Place

New York, New York 10004

Attn: Steven G. Nelson

Fax No.: (212) 509-5150 

if
to the Company, to: 

Taliera
Corporation

250 East 96th Street, Suite 415

Indianapolis, Indiana 46240

Attn: J. Smoke Wallin

Fax No.: (317) 574-6424 

in
either case with a copy to: 

Morgan
Joseph & Co. Inc.

600 Fifth Avenue, 19th Floor

New York, New York 10020

Attn: Michael Powell

Fax No.: (212) 218-3719 

and 

Ice
Miller LLP

One American Square

Suite 3100

Indianapolis, Indiana 46282-0200

Attn: Joseph E. DeGroff, Esq.

Fax No. (317) 592-4637 

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

        (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 

4

 

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 MJ is a third party beneficiary of this Agreement. 

        (i)    The
Trustee hereby consents to the inclusion of Continental Stock Transfer & Trust Company in the Registration Statement and other materials relating to the IPO. 

[Signature
Page Follows] 

5

 

        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:
	

 	

TALIERA CORPORATION
	

 	

By:	

  

	 	 	Name: J. Smoke Wallin
	 	 	Title: Chief Executive Officer

6

 
 

SCHEDULE A    
    

Schedule
of fees pursuant to Section 2(c) of Investment Management Trust Agreement

between Taliera Corporation and

Continental Stock Transfer & Trust Company 

	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 1(j)	 	Deduction by Trustee from accumulated income following disbursement made to Company under Section 1(j)	 	$	250

	

 	
 	

Agreed:
	

Dated:                            , 2007	
 	

 	

 
	 	 	Taliera Corporation
	

 	
 	

By:	

    
 Authorized Officer
	

 	
 	

Continental Stock Transfer & Trust Co.
	

 	
 	

By:	

    
 Authorized Officer

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. 530-                        Termination Letter 

Gentlemen:

        Reference
is made to that certain Investment Management Trust Agreement by and between Taliera Corporation ("Company") and Continental
Stock Transfer & Trust Company ("Trustee"), dated as
of                        , 2007 ("Trust
Agreement"), pursuant to paragraph 1(i) of the Trust Agreement, the Company hereby advises you that it has entered into a definitive agreement to consummate a
Business Combination (as defined in the Trust Agreement) on or about [insert date]. The Company shall notify you at least
48 hours in advance of the actual date of the consummation of the Business Combination ("Consummation Date"). 

        In
accordance with the terms of the Trust Agreement, the Company hereby authorizes 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) the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to
you (a) a certificate of an Authorized officer which verifies the vote of the Company's stockholders in connection with the Business Combination and (b) written instructions with respect
to the transfer 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 notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in
the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether such funds should remain in the
Trust Account and 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,
	

 	

TALIERA CORPORATION
	

 	

By:	

  
 J. Smoke Wallin, Chief Executive Officer
	

 	

By:	

  
 , Secretary

cc: Morgan Joseph & Co. Inc. 

EXHIBIT B  

	

 	
 	
[Letterhead of Company]	
 	

 
	

 	
 	
[Insert date]	
 	

 

Continental Stock Transfer

    & Trust Company

17 Battery Place

New York, New York 10004

Attn: 

	Re:
	Trust
Account No. 530-            Termination Letter 

Gentlemen:

        Reference
is made to that certain Investment Management Trust Agreement by and between Taliera Corporation ("Company") and Continental
Stock Transfer & Trust Company ("Trustee"), dated as
of                        , 2007 ("Trust
Agreement"), pursuant to section 1(i) of the Trust Agreement, the Company hereby advises you that the Company has been unable to effect a Business Combination (as
defined in the Trust Agreement) 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 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 Amended and Restated Certificate of Incorporation of the Company. You
shall commence distribution of such funds in accordance with the terms of the Trust Agreement and the 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,
	

 	

TALIERA CORPORATION
	

 	

By:	
 	

  
 J. Smoke Wallin, Chief Executive Officer
	

 	

By:	
 	

  
 , Secretary

cc: Morgan Joseph & Co. Inc. 

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. 530-                         

Gentlemen:

        Reference
is made to that certain Investment Management Trust Agreement by and between Taliera Corporation ("Company") and Continental
Stock Transfer & Trust Company ("Trustee"), dated as
of                        , 2007 ("Trust
Agreement"), pursuant to paragraph 1(j) of the 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 its tax obligations. 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,
	

 	

TALIERA CORPORATION
	

 	

By:	

  
 J. Smoke Wallin, Chief Executive Officer
	

 	

By:	

  
 , Secretary

cc: Morgan Joseph & Co. Inc. 

EXHIBIT D  

	AUTHORIZED INDIVIDUAL(S)

FOR TELEPHONE CALL BACK
	 	AUTHORIZED

TELEPHONE NUMBER(S)

	
Company:	
 	

 
	

Taliera Corporation

250 East 96th Street, Suite 415

Indianapolis, Indiana 46240

Attn: J. Smoke Wallin, Chief Executive Officer

Attn: S.K. (Skeeter) Johnston, III, Chairman of the Board	
 	

(317) 496-6660
	
Trustee:	
 	

 
	

Continental Stock Transfer

    & Trust Company

17 Battery Place

New York, New York 10004

Attn: Steven G. Nelson, Chairman	
 	

(212) 845-3200

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Exhibit 10.14  

 
 

AMENDED AND RESTATED
  RESTRICTED STOCK AGREEMENT    
    

        This
Amended and Restated Restricted Stock Agreement is entered into by and between Taliera Corporation, a Delaware corporation (the "Company"), and Martin J. Frost, a member of the
Company's Board of Directors (the "Director"), effective as of July 18, 2006 (the "Agreement"). 

 
 

Background    
    

        The Company desires to provide incentives to recognize and reward the Director, whose performance, contributions, and skills will be critical to the Company's
success, by aligning his interests with those of the Company's shareholders. As a result, the Company has agreed to grant the Director restricted shares of unregistered common stock of Company,
subject to the terms and conditions provided in this Agreement. The Company and the Director entered into a Restricted Stock Agreement, dated July 18, 2006 (the "Restricted Stock Agreement"),
which contained an incorrect per share fair market value. This Agreement hereby amends and restates the fair market value of the restricted shares in the Restricted Stock Agreement. 

        In
consideration of the premises, the Company and the Director agree as follows: 

 
 

Agreement    
    

        1.    Grant.    The Company grants the Director certain shares of unregistered common stock of the Company, which
shares ("Restricted Shares") shall be subject to the restrictions specified in this Agreement. Except as otherwise provided herein, the Company hereby grants to the Director 18,750 whole Restricted
Shares with a fair market value ("Value") equal to $0.013745 per Restricted Share of the Company's unregistered common stock. 

        2.    Closing.    The transfer of the Restricted Shares (the "Closing") shall occur simultaneously with the execution
of this Agreement. Concurrently with the execution of this Agreement, (i) the Company shall deliver to the Director a certificate, registered in the Director's name, representing the Restricted
Shares, and (ii) the Director shall deliver to the Company a duly executed (A) stock power, endorsed in blank, relating to the Restricted Shares, and (B) a duly signed election
under Internal Revenue Code Section 83(b), with respect to the grant of the Restricted Shares, provided that the Director intends to make such an election at the Closing. 

        3.    Custody.    The Director understands that, although the certificates representing the Restricted Shares shall be
registered in the Director's name, all such certificates (other than for Restricted Shares that have vested) shall be deposited, together with the stock power executed by the Director, in proper form
for transfer, with the Company. The Company is hereby authorized to effectuate the transfer into its name of all certificates representing the Restricted Shares that are forfeited to the Company
pursuant to paragraph 5 of this Agreement. As of the vesting date of any Restricted Shares, the Company shall, subject to any applicable securities law restrictions, deliver to the Director or
his personal representative, the certificates representing such vested shares. 

        4.    Nontransferability of Restricted Shares.    Until such time as the Restricted Shares become vested, the Director
shall not have any right to sell, transfer, pledge, hypothecate, or otherwise dispose of the Restricted Shares. The Director represents and warrants to the Company that he shall not sell, transfer,
pledge, hypothecate, or otherwise dispose of the Restricted Shares in violation of applicable securities laws or the provisions of this Agreement. Except as expressly provided in this Agreement, all
non-vested Restricted Shares shall be forfeited upon the Director's termination of service as a member of the Board of Directors of the Company. 

        5.    Vesting.    The Restricted Shares granted under this Agreement shall vest and become nonforfeitable as follows:
Except as otherwise provided herein, the grant of Restricted Shares shall vest at the rate of 33% per year as of the anniversary of the Grant Date; provided that the Director is a member of the Board
of Directors of the Company on such anniversary. In other words, Restricted Shares granted on the Grant Date shall become 1/3 vested on July 18, 2007, 2/3 vested
on July 18, 2008, and 100% vested on July 18, 2009 (assuming that the Director is a member of the Board of Directors of the Company on such vesting date). 

        6.    Forfeiture.    In the event that the Director should cease being a member of the Board of Directors of the
Company for any reason prior to becoming 100% vested in the Restricted Shares, all Restricted Shares granted to the Director shall not further vest and the unvested portion of the Restricted Shares
shall be immediately forfeited (effective as of the date of such termination of service with the Board of Directors) and the Director shall cease to have any rights with respect to the unvested
portion of the Restricted Shares. 

 

        7.    Voting and Other Rights.    The Director shall have all of the rights and status as a stockholder of the Company
with respect to the Restricted Shares, including the right to vote any and all Restricted Shares granted to him under this Agreement and to receive dividends or other distributions thereon, regardless
of whether such Restricted Shares are vested, until the earlier of the date on which such Restricted Shares shall be forfeited as provided herein or the date on which the Director ceases to own such
shares. The Director understands that the grant of Restricted Shares to him under this Agreement does not confer upon him any right to continue as a director of the Company. 

        8.    Investment Representations.    The Director represents and warrants to the Company that he is acquiring the
Restricted Shares for his own account for investment and not with a view to or for resale in connection with any distribution of the Restricted Shares and that he has no present intention of
distributing or reselling the Restricted Shares. The Director acknowledges that the certificate or certificates representing the Restricted Shares shall bear an appropriate legend relating to
restrictions on transfer. 

        9.    Adjustments for Changes in Capitalization of the Company.    In the event of any change in the outstanding
shares of common stock of the Company prior to the lapsing of the restrictions associated with the Restricted Shares by reason of any reorganization, recapitalization, stock split, stock dividend,
combination or exchange of shares, merger, consolidation, or any change in the corporate structure of the Company or in the shares of common stock, the number and class of the Restricted Shares shall
be appropriately adjusted by the Company, in its sole discretion, whose determination shall be conclusive. 

        10.    Securities Laws.    The Director understands that applicable securities laws may restrict the right of the
Director to dispose of any Restricted Shares which the Director may acquire hereunder and govern the manner in which such Restricted Shares may be sold. The Director shall not offer, sell or otherwise
dispose of any of the Restricted Shares in any manner which would (a) require the Company to file any registration statement with the Securities Exchange Commission (the "SEC"),
(b) require the Company to amend or supplement any registration statement which the Company may at any time have on file with the SEC, or (c) violate the 1933 Act or any other state or
federal law. 

        11.    Withholding Taxes.    If the grant or other transfer of the Restricted Shares, or the vesting of the Restricted
Shares, results in taxable compensation income to the Director, the Director hereby authorizes the Company to collect any withholding taxes from the Director by lump sum payroll deduction or, if that
is not possible, the Director agrees to make direct payment of the applicable taxes to the Company. 

        12.    Integration.    This Agreement supersedes any and all prior and/or contemporaneous agreements, either oral or
in writing, between the parties hereto, with respect to the subject matter hereof. Each party to this Agreement acknowledges that no representations, inducements, promises, or other agreements, orally
or otherwise, have been made by any party, or anyone acting on behalf of any party, pertaining to the subject matter hereof, which are not embodied herein, and that no prior and/or contemporaneous
agreement, statement or promise pertaining to the subject matter hereof that is not contained in this Agreement shall be valid or binding on either party. 

        13.    Successors.    This Agreement shall be binding upon and inure to the benefit of any successor of the Company
and any successors, assigns or estate of the Director, including his executors, administrators and trustees. 

        14.    Amendment.    No provision of this Agreement may be modified, waived or discharged unless such waiver,
modification or discharge is in writing and signed by the party against whom such modification, waiver or discharge is sought to be enforced. 

        15.    Governing Law.    The validity, interpretation, construction and performance of this Agreement will be governed
by and construed in accordance with the substantive laws of the State of Indiana, without giving effect to the principles of conflict of laws of such State. To the extent that this Agreement is
considered deferred compensation and subject to Internal Revenue Code Section 409A and the guidance thereunder, it shall be construed accordingly. In such event, any provision of this Agreement
that does not comply with Section 409A and the guidance thereunder shall be null and void. 

        16.    Binding Agreement.    By signing below, the Company and the Director agree to be bound by the terms and
conditions of this Agreement. 

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        IN
WITNESS WHEREOF, the Company and the Director have executed this Amended and Restated Agreement, effective as of the date specified in the first paragraph hereof. 

	 	 	TALIERA CORPORATION
	

/s/  MARTIN J. FROST      
 Martin J. Frost	
 	

By:	

/s/  J. SMOKE WALLIN      
 J. Smoke Wallin, President and CEO

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AMENDED AND RESTATED RESTRICTED STOCK AGREEMENT

Background

Agreement

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