Document:

Exhibit 10.10

                                     FORM OF

                             STOCK ESCROW AGREEMENT

                STOCK ESCROW AGREEMENT, dated as of ___________ ___, 2007
("Agreement") by and among Media & Entertainment Holdings, Inc., a Delaware
corporation ("Company"), the undersigned parties listed as Initial Stockholders
on the signature page hereto (collectively, the "Initial Stockholders") and
Continental Stock Transfer & Trust Company, a New York corporation ("Escrow
Agent").

                WHEREAS, the Company has entered into an Underwriting Agreement,
dated _______ __, 2007 ("Underwriting Agreement") with Lazard Capital Markets
LLC ("Lazard") and Ladenburg Thalmann & Co. Inc. ("Ladenburg") acting as
co-representatives of the several underwriters (collectively with Lazard and
Ladenburg, the "Underwriters"), pursuant to which, among other matters, the
Underwriters have agreed to purchase 10,800,000 units ("Units") of the Company.
Each Unit consists of one share of the Company's Common Stock, par value $.0001
per share, and one Warrant to purchase one share of Common Stock, all as more
fully described in the Company's definitive Prospectus, dated ________ __, 2007
("Prospectus") comprising part of the Company's Registration Statement on Form
S-1 (File No. 333-128218) under the Securities Act of 1933, as amended
("Registration Statement"), declared effective on ________ __, 2007 ("Effective
Date").

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

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

                IT IS AGREED:

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

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

        3.      DISBURSEMENT OF THE ESCROW SHARES. The Escrow Agent shall hold
the Escrow Shares until the first anniversary of the completion by the Company
of a business combination ("Escrow Period"), on which date it shall, upon
written instructions from each Initial

<PAGE>

Stockholder, disburse each of the Initial Stockholder's Escrow Shares to such
Initial Stockholder; provided, however, that if the Escrow Agent is notified by
the Company pursuant to Section 6.7 hereof that the Company is being liquidated
at any time during the Escrow Period, then the Escrow Agent shall promptly
destroy the certificates representing the Escrow Shares; provided further, that
if, after the Company consummates a Business Combination (as such term is
defined in the Registration Statement), it (or the surviving entity)
subsequently consummates a liquidation, merger, stock exchange or other similar
transaction which results in all of its stockholders of such entity having the
right to exchange their shares of Common Stock for cash, securities or other
property, then the Escrow Agent will, upon receipt of a certificate, executed by
either the Chairman of the Board or President of the Company, in form reasonably
acceptable to the Escrow Agent, that such transaction is then being consummated,
release the Escrow Shares to the Initial Stockholders so that they can similarly
participate. The Escrow Agent shall have no further duties hereunder after the
disbursement or destruction of the Escrow Shares in accordance with this Section
3.

        4.      RIGHTS OF INITIAL STOCKHOLDERS IN ESCROW SHARES.

                4.1.    VOTING RIGHTS AS A STOCKHOLDER. Subject to the terms of
the Insider Letter described in Section 4.4 hereof and except as herein
provided, the Initial Stockholders shall retain all of their rights as
stockholders of the Company during the Escrow Period, including, without
limitation, the right to vote such shares.

                4.2.    DIVIDENDS AND OTHER DISTRIBUTIONS IN RESPECT OF THE
ESCROW SHARES. During the Escrow Period, all dividends payable in cash with
respect to the Escrow Shares shall be paid to the Initial Stockholders, but all
dividends payable in stock or other non-cash property ("Non-Cash Dividends")
shall be delivered to the Escrow Agent to hold in accordance with the terms
hereof. As used herein, the term "Escrow Shares" shall be deemed to include the
Non-Cash Dividends distributed thereon, if any.

                4.3.    RESTRICTIONS ON TRANSFER. During the Escrow Period, no
sale, transfer or other disposition may be made of any or all of the Escrow
Shares except (i) by gift to a member of Initial Stockholder's immediate family
or to a trust or other entity, the beneficiary of which is an Initial
Stockholder or a member of an Initial Stockholder's immediate family, (ii) by
virtue of the laws of descent and distribution upon death of any Initial
Stockholder, or (iii) pursuant to a qualified domestic relations order;
provided, however, that such permissive transfers may be implemented only upon
the respective transferee's written agreement to be bound by the terms and
conditions of this Agreement and of the Insider Letter signed by the Initial
Stockholder transferring the Escrow Shares. During the Escrow Period, the
Initial Stockholders shall not pledge or grant a security interest in the Escrow
Shares or grant a security interest in their rights under this Agreement.

                4.4.    INSIDER LETTERS. Each of the Initial Stockholders has
executed a letter agreement with Lazard and Ladenburg and the Company, dated as
indicated on Exhibit A hereto, and which is filed as an exhibit to the
Registration Statement ("Insider Letter"), respecting the rights and obligations
of such Initial Stockholder in certain events, including but not limited to the
liquidation of the Company.

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<PAGE>

        5.      CONCERNING THE ESCROW AGENT.

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

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

                5.3.    COMPENSATION. The Escrow Agent shall be entitled to
reasonable compensation from the Company for all services rendered by it
hereunder. The Escrow Agent shall also be entitled to reimbursement from the
Company for all expenses paid or incurred by it in the administration of its
duties hereunder including, but not limited to, all counsel, advisors' and
agents' fees and disbursements and all taxes or other governmental charges.

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

                5.5.    RESIGNATION. The Escrow Agent may resign at any time and
be discharged from its duties as escrow agent hereunder by its giving the other
parties hereto written notice and such resignation shall become effective as
hereinafter provided. Such resignation shall become

                                       3
<PAGE>

effective at such time that the Escrow Agent shall turn over to a successor
escrow agent appointed by the Company, the Escrow Shares held hereunder. If no
new escrow agent is so appointed within the 60 day period following the giving
of such notice of resignation, the Escrow Agent may deposit the Escrow Shares
with any court it deems appropriate.

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

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

        6.      MISCELLANEOUS.

                6.1.    GOVERNING LAW. This Agreement shall for all purposes be
deemed to be made under and shall be construed in accordance with the laws of
the State of New York. Each of the parties hereby agrees that any action,
proceeding or claim against it arising out of or relating in any way to this
Agreement shall be brought and enforced in the courts of the State of New York
or the United States District Court for the Southern District of New York, and
irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive.
Each of the parties hereby waives any objection to such exclusive jurisdiction
and that such courts represent an inconvenient forum.

                6.2.    THIRD PARTY BENEFICIARIES. Each of the Initial
Stockholders hereby acknowledges that the Underwriters are third party
beneficiaries of this Agreement and this Agreement may not be modified or
changed without the prior written consent of Lazard and Ladenburg.

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

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

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

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

                                       4
<PAGE>

                If to the Company, to:

                        Media & Entertainment Holdings, Inc.
                        4429 Edmondson Avenue
                        Dallas, TX 75205
                        Attn:  Herbert A. Granath, Chief Executive Officer

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

                and if to the Escrow Agent, to:

                        Continental Stock Transfer & Trust Company
                        17 Battery Place
                        New York, New York  10004
                        Attn:  Chairman

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

                        Greenberg Traurig LLP
                        MetLife Building
                        200 Park Avenue
                        New York, New York 10166
                        Attn:  Alan I. Annex, Esq.

                and:

                        Lazard Capital Markets LLC
                        30 Rockefeller Plaza
                        New York, New York 10112
                        Attn:    Robert Lagay

                and:

                        Ladenburg Thalmann & Co. Inc.
                        153 East 53rd Street
                        New York, New York 10022
                        Attn:    Peter H. Blum

                and:

                        Kirkpatrick and Lockhart Nicholson Graham LLP
                        599 Lexington Avenue
                        New York, New York 10022
                        Attn:  Robert S. Matlin, Esq.

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

                6.7.    LIQUIDATION OF COMPANY. The Company shall give the
Escrow Agent written notification of the liquidation and dissolution of the
Company in the event that the Company fails to consummate a Business Combination
within the time period(s) specified in the Prospectus.

                                       5
<PAGE>

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

                            MEDIA & ENTERTAINMENT HOLDINGS, INC.

                            By:
                                -------------------------------------------
                                Herbert A. Granath, Chief Executive Officer

                           INITIAL STOCKHOLDERS:

                                ---------------------------------
                                Herbert A. Granath

                                ---------------------------------
                                Harvey M. Seslowsky

                                ---------------------------------
                                Robert C. Clauser, Jr.

                                ---------------------------------
                                Bruce Maggin

                           HEARST CORPORATION

                           By:________________________________
                                 Name:
                                 Title:

                           CONTINENTAL STOCK TRANSFER
                           & TRUST COMPANY

                           By:________________________________
                                 Name:  Steven G. Nelson
                                 Title: Chairman

                                       6
<PAGE>

                                    EXHIBIT A

Name and Address of           Number           Stock                 Date of
Initial Stockholder         of Shares    Certificate Number       Insider Letter
-------------------

Herbert A. Granath           594,000           [__]               April 25, 2006

Harvey M. Seslowsky          594,000           [__]               April 25, 2006

Robert C. Clauser, Jr.,      594,000           [__]               April 25, 2006

Bruce Maggin                 594,000           [__]               April 25, 2006

The Hearst Corporation       324,000           [__]               April 27, 2006

                                       7Exhibit 10.38

                                 PROMISSORY NOTE

$12,500.00                                                  February 16, 2007
Dallas, Texas

        Media & Entertainment Holdings, Inc. (the "Maker") promises to pay to
the order of Harvey M. Seslowsky (the "Payee") the principal sum of TWELVE
THOUSAND FIVE HUNDRED and 00/100 dollars ($12,500.00) in lawful money of the
United States of America on the terms and conditions described below.

1)      PRINCIPAL. The principal balance of this Note shall be repayable on the
earlier of (i) February 16, 2008 or (ii) the date on which Maker consummates an
initial public offering of its securities.

2)      INTEREST. No interest shall accrue on the unpaid principal balance of
this Note.

3)      APPLICATION OF PAYMENTS. All payments shall be applied first to payment
in full of any costs incurred in the collection of any sum due under this Note,
including (without limitation) reasonable attorneys' fees, then to the payment
in full of any late charges and finally to the reduction of the unpaid principal
balance of this Note.

4)      EVENTS OF DEFAULT. The following shall constitute Events of Default:

        a)      Failure to Make Required Payments. Failure by Maker to pay the
        principal of or accrued interest on this Note within five (5) business
        days following the date when due.

        b)      Voluntary Bankruptcy, Etc. The commencement by Maker of a
        voluntary case under the Federal Bankruptcy Code, as now constituted or
        hereafter amended, or any other applicable federal or state bankruptcy,
        insolvency, reorganization, rehabilitation or other similar law, or the
        consent by it to the appointment of or taking possession by a receiver,
        liquidator, assignee, trustee, custodian, sequestrator (or other similar
        official) of Maker or for any substantial part of its property, or the
        making by it of any assignment for the benefit of creditors, or the
        failure of Maker generally to pay its debts as such debts become due, or
        the taking of corporate action by Maker in furtherance of any of the
        foregoing.

        c)      Involuntary Bankruptcy, Etc. The entry of a decree or order for
        relief by a court having jurisdiction in the premises in respect of
        Maker in an involuntary case under the Federal Bankruptcy Code, as now
        or hereafter constituted, or any other applicable federal or state
        bankruptcy, insolvency or other similar law, or appointing a receiver,
        liquidator, assignee, custodian, trustee, sequestrator (or similar
        official) of Maker or for any substantial part of its property, or
        ordering the winding-up or liquidation of the affairs of Maker, and the
        continuance of any such decree or order unstayed and in effect for a
        period of 60 consecutive days.
<PAGE>

5)      REMEDIES.

        a)      Upon the occurrence of an Event of Default specified in Section
        4(a), Payee may, by written notice to Maker, declare this Note to be due
        and payable, whereupon the principal amount of this Note, and all other
        amounts payable thereunder, shall become immediately due and payable
        without presentment, demand, protest or other notice of any kind, all of
        which are hereby expressly waived, anything contained herein or in the
        documents evidencing the same to the contrary notwithstanding.

        b)      Upon the occurrence of an Event of Default specified in Sections
        4(b) and 4(c), the unpaid principal balance of, and all other sums
        payable with regard to, this Note shall automatically and immediately
        become due and payable, in all cases without any action on the part of
        Payee.

6)      WAIVERS. Maker and all endorsers and guarantors of, and sureties for,
this Note waive presentment for payment, demand, notice of dishonor, protest,
and notice of protest with regard to the Note, all errors, defects and
imperfections in any proceedings instituted by Payee under the terms of this
Note, and all benefits that might accrue to Maker by virtue of any present or
future laws exempting any property, real or personal, or any part of the
proceeds arising from any sale of any such property, from attachment, levy or
sale under execution, or providing for any stay of execution, exemption from
civil process, or extension of time for payment; and Maker agrees that any real
estate that may be levied upon pursuant to a judgment obtained by virtue hereof,
on any writ of execution issued hereon, may be sold upon any such writ in whole
or in part in any order desired by Payee.

7)      UNCONDITIONAL LIABILITY. Maker hereby waives all notices in connection
with the delivery, acceptance, performance, default, or enforcement of the
payment of this Note, and agrees that its liability shall be unconditional,
without regard to the liability of any other party, and shall not be affected in
any manner by any indulgence, extension of time, renewal, waiver or modification
granted or consented to by Payee, and consents to any and all extensions of
time, renewals, waivers, or modifications that may be granted by Payee with
respect to the payment or other provisions of this Note, and agrees that
additional makers, endorsers, guarantors, or sureties may become parties hereto
without notice to them or affecting their liability hereunder.

8)      NOTICES. Any notice called for hereunder shall be deemed properly given
if (i) sent by certified mail, return receipt requested, (ii) personally
delivered, (iii) dispatched by any form of private or governmental express mail
or delivery service providing receipted delivery, (iv) sent by telefacsimile or
(v) sent by e-mail, to the following addresses or to such other address as
either party may designate by notice in accordance with this Section:

        If to Maker:

        Media & Entertainment Holdings, Inc.
        4429 Edmondson Avenue
        Dallas, TX 75205
        Attn:  Herbert A. Granath, Chief Executive Officer

                                       2
<PAGE>

        If to Payee:

        Harvey M. Seslowsky
        4429 Edmondson Avenue
        Dallas, TX  75205

9)      Notice shall be deemed given on the earlier of (i) actual receipt by the
receiving party, (ii) the date shown on a telefacsimile transmission
confirmation, (iii) the date on which an e-mail transmission was received by the
receiving party's on-line access provider (iv) the date reflected on a signed
delivery receipt, or (vi) two (2) Business Days following tender of delivery or
dispatch by express mail or delivery service.

10)     CONSTRUCTION. This Note shall be construed and enforced in accordance
with the domestic, internal law, but not the law of conflict of laws, of the
State of Texas.

11)     SEVERABILITY. Any provision contained in this Note which is prohibited
or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

        IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has
caused this Note to be duly executed by its Chief Operating Officer the day and
year first above written.

                                    MEDIA & ENTERTAINMENT HOLDINGS, INC.

                                    By:   /s/ Harvey M. Seslowsky
                                       ------------------------------
                                    Name:  Harvey M. Seslowsky
                                    Title: Chief Operating Officer

                                       3

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