Document:

Exhibit 10.1

SECOND AMENDMENT TO LEASE AGREEMENT

THIS SECOND AMENDMENT TO LEASE AGREEMENT (“Second Amendment”) is hereby made and
entered into by and between KDC-CAROLINA INVESTMENTS 3, LP, a Delaware limited
partnership (“Landlord”),
and 3D SYSTEMS CORPORATION, a Delaware corporation (“Tenant”), effective as of the 6th day of October, 2006.

R E C I T A L S:

WHEREAS, Landlord and Tenant have heretofore entered into that certain
Lease Agreement dated as of February 8, 2006 (the “Lease Agreement”); and

WHEREAS, Landlord and Tenant amended the Lease Agreement pursuant to
the terms and conditions of that certain First Amendment to Lease Agreement
dated as of August 8, 2006 but effective as of June 15, 2006 (the “First
Amendment”);

WHEREAS, Exhibit F to the Lease Agreement provides, among other things,
that in the event that certain Scope Changes (as defined in Exhibit F to the
Lease Agreement) occur, either (a) Base Rent (as defined in the Lease
Agreement) will be adjusted as provided for in Exhibit F, or (b) Tenant shall
have the right to fund all or such portion of such excess costs in which case
Base Rent will not be adjusted as a result of such Tenant expenditures; and

WHEREAS, certain Scope Changes have occurred in addition to those
contemplated by the First Amendment (such additional scope changes being herein
referred to as the “Second Amendment Scope Changes”) as hereinafter set forth,
and Landlord and Tenant desire to provide for the funding of the Second
Amendment Scope Changes.

A G R E E M E N T:

NOW, THEREFORE, for and in consideration of the premises and Ten
Dollars and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, Landlord and Tenant hereby agree as follows:

1.             Defined Terms. All capitalized but undefined
terms used in this Amendment shall have the meaning given such terms in the
Lease Agreement.

2.             Nature of Scope Changes. The Second Amendment
Scope Changes are as follows:

a.             Second
Amendment Additions to Tenant Finish. As a result of the development of the
Final Tenant Improvement Plans and Specifications provided for by Section 2(d)
of the Lease Agreement, and based upon the Merriman Schmitt drawings noted in
Exhibit A (attached hereto) and the September 1, 2006 Choate estimate, the
final estimated amount of the Tenant Improvement Costs submitted by Choate is
$6,048,543, which is $1,192,825 in excess of the $4,855,718 Tenant Allowances
provided therefor in the First Amendment; provided, however, that the following
amounts have not been approved by Tenant and are still in dispute between
Tenant and Landlord (collectively, the “Disputed Second Amendment Amounts”):

 

 

	
  Choate GC’s

  	
   

  	
  $

  	
  83,855

  	
   

  
	
  Re-mob HVAC

  	
   

  	
  $

  	
  21,716

  	
   

  
	
  HVAC Redesign

  	
   

  	
  $

  	
  27,206

  	
   

  
	
  Re-mob Drywall

  	
   

  	
  $

  	
  27,486

  	
   

  
	
  Electrical
  Design Engineering

  	
   

  	
  $

  	
  20,000

  	
   

  
	
  Credit back
  plywood

  	
   

  	
  $

  	
  2,379

  	
   

  
	
  Credit for
  electric strikes

  	
   

  	
  $

  	
  6,400

  	
   

  
	
  Omit gas grill

  	
   

  	
  $

  	
  11,336

  	
   

  
	
  Omit site/web
  cam

  	
   

  	
  $

  	
  1,644

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Subtotal

  	
   

  	
  $

  	
  202,022

  	
   

  

 

Thus, the final estimated amount of the Tenant
Improvement Costs not in dispute by the parties is $5,893,727 ($6,048,543 -
$202,022 = $5,846,521), and which results in an increase of $909,803 above the
$4,855,718 Tenant Allowances provided therefor in the First Amendment (the
amount of such increase being herein referred to as the “Second Amendment
Additions to Tenant Finish”).

3.             Funding of Second Amendment Scope Changes. Tenant
agrees to pay for the Second Amendment Additions to Tenant Finish as defined in
paragraph 2 above as follows: Landlord is in the process of constructing the
portions of the Tenant Improvements that include the Second Amendment Additions
to Tenant Finish. Tenant will pay Landlord for the amount of the Second
Amendment Additions to Tenant Finish on a monthly basis as Landlord incurs such
costs. Landlord will submit to Tenant within fifteen days after the last day of
each calendar month a Certificate for Payment indicating the amount of the
expense that the Landlord has incurred during such month for Second Amendment
Additions to Tenant Finish, and Tenant shall pay Landlord for such amounts as
shall have been incurred in accordance with the Final Tenant Improvement Plans
and Specifications on or before ten (10) business days after Tenant’s receipt
of such Certificate for Payment; provided that, unless otherwise agreed by the
Tenant, the aggregate amount of the actual increases to Tenant Improvements
expenses billed to the Tenant pursuant to the First Amendment and this Second
Amendment (not including the Disputed Second Amendment Amounts, which remain in
dispute between the parties) shall not exceed $3,007,521. To the extent that
Tenant and Landlord agree in writing to changes to the Merriman Schmitt
drawings (see Exhibit A attached hereto) and the cost of such changes, and it
causes increases above the foregoing aggregate $3,007,521 Additions to Tenant
Finish pursuant to the First Amendment and this Second Amendment, Tenant will
be responsible for such increase; and the parties agree that the Disputed
Second Amendment Amounts remain in dispute and that the ultimate resolution of
such items under the terms of the Lease may also affect the final amount of the
Tenant Improvement Costs.

4.             Failure of Tenant to Pay for Second Amendment
Additions to Tenant Finish. Tenant’s failure to make any payment due for
Second Amendment Additions to Tenant Finish under paragraph 3 above when due
and the continuance of that failure for more than 5 business days after the
date on which Landlord gives Tenant written notice of the delinquency shall
constitute an Event of Default under the Lease Agreement.

5.             Treatment of Tenant’s Payments for Second Amendment
Scope Changes.  Consistent with the
last paragraph of Exhibit F of the Lease Agreement, the Second Amendment
Additions to Tenant Finish made pursuant to this Amendment and any payments
made by the Tenant pursuant to this Amendment shall not result in any
adjustment to Rent under the Lease Agreement or be included in the Project
Costs determined pursuant to the Lease Agreement.  The Second Amendment Additions to Tenant
Finish shall be deemed to be Alterations approved by the Landlord, and the
amounts therefor billed to Tenant pursuant to 

 

 2
 

 

 

Certificates for Payment shall be sufficient upon
payment of such amounts by Tenant to discharge any and all mechanics or other
liens incurred in connection with the Second Amendment Additions to Tenant
Finish.  Landlord will cooperate with
Tenant such that the Second Amendment Additions to Tenant Finish and any other
amounts paid by Tenant pursuant to this Agreement shall be treated as an investment
in the Premises by the Tenant for purposes of the Incentives provided to the
Tenant by the State of South Carolina, its agencies, instrumentalities and
political subdivisions.

6.             Review of Project Costs.  On or before sixty (60) days after the Commencement
Date, but in any event not later than the date of execution of the
Acknowledgment Letter, the parties will cooperate and use all reasonable
efforts to determine the net change to Project Costs, including but not limited
to those arising from the First Amendment, this Second Amendment, any
subsequent amendments or modifications to the Lease Agreement, the Final Tenant
Improvements Plans and Specifications and any Incentives received by Landlord
and not remitted to Tenant and taking into account the amounts paid by Tenant
pursuant to the provisions of the First Amendment, this Second Amendment and
any subsequent amendments or modifications to the Lease Agreement, all as
required by Exhibit F to the Lease Agreement. In connection herewith, Landlord
shall provide or cause to be provided to Tenant any contracts, construction
draw requests and all other documents and other materials in the possession of
Landlord as Tenant may reasonably request to assist Tenant’s review of (i) the
increases in Project Costs reflected in the First Amendment, this Second
Amendment and any subsequent amendments or modifications to the Lease Agreement
and (ii) the Incentives (collectively, the “Lease Amendment Costs and
Incentives”); provided that Landlord shall have no obligation to provide
Tenant with any information with regard to the Total Project Costs as set forth
in the original Development Budget attached to the Lease Agreement. Landlord
will provide Tenant with the Contractor’s subcontracts and supporting
documentation with respect to costs incurred by Contractor and/or its
subcontractors for Lease Amendment Costs and Incentives and Landlord will
request from the Contractor, and will use all reasonable efforts to cause
Contractor to provide to Tenant, such other documentation as Tenant may
reasonably request with respect to the Lease Amendment Costs and Incentives.

7.             No Further Amendment.  The Lease Agreement shall remain in full
force and effect, as modified by the First Amendment and this Second Amendment.

IN WITNESS WHEREOF, Landlord and Tenant have executed this Second
Amendment effective as of the date first above written.

 3
 

 

 

	
  

  	
  LANDLORD:

  
	
   

  	
   

  	
   

  
	
   

  	
  KDC-CAROLINA
  INVESTMENTS 3, LP,

  a Delaware limited partnership

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  KDC-Carolina
  Investments 3 GP, LLC,

  a Delaware limited liability company,

  its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By: Koll
  Development Company I, LP,

  a Delaware limited partnership,

  its Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By: SWV, LLC,

  a Delaware limited liability company,

  its General Partner 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Tobin C.
  Grove

  
	
   

  	
   

  	
   

  	
  Tobin C. Grove,

  
	
   

  	
   

  	
   

  	
  President

  
	
   

  	
   

  	
   

  
	
   

  	
  TENANT:

  
	
   

  	
   

  	
   

  
	
   

  	
  3D SYSTEMS
  CORPORATION,

  a Delaware corporation 

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Robert M.
  Grace, Jr.

  
	
   

  	
  Name: Robert M.
  Grace, Jr.

  
	
   

  	
  Title:Vice President, General Counsel and Secretary

  

 

 

 4

CONTRACT DOCUMENT LOG - DRAWINGS - EXHIBIT ‘A’

3-D SYSTEMS

Friday, October 06, 2006

	
  3-D SYSTEMS

  	
   

  	
   

  	
   

  	
  LATEST

  	
   

  	
  ORIGINAL

  	
   

  	
  LATEST

  	
   

  	
  SUPPLE-

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  DRAWING

  	
   

  	
  ISSUE

  	
   

  	
  ISSUE

  	
   

  	
  REVISION

  	
   

  	
  MENT

  	
   

  	
   

  	
   

  
	
  DESCRIPTION

  	
   

  	
  #

  	
   

  	
  (DATE)

  	
   

  	
  (DATE)

  	
   

  	
  #

  	
   

  	
  #

  	
   

  	
  COMMENTS

  	
   

  
	
  COVER SHEET

  	
   

  	
  G001

  	
   

  	
  26-Jul-06

  	
   

  	
  18-Jan-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Up-Fit Cover Sheet

  	
   

  	
  GU-001

  	
   

  	
  12-Sep-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CIVILS

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  COVER SHEET

  	
   

  	
  C001

  	
   

  	
  1-Feb-06

  	
   

  	
  23-Dec-05

  	
   

  	
  3

  	
   

  	
   

  	
   

  	
  PER
  ROCK HILL CITY COMMENTS

  	
   

  
	
  OVERALL SITE PLAN

  	
   

  	
  C100

  	
   

  	
  1-Feb-06

  	
   

  	
  23-Dec-05

  	
   

  	
  3

  	
   

  	
   

  	
   

  	
  PER
  ROCK HILL CITY COMMENTS

  	
   

  
	
  GRADING PLAN

  	
   

  	
  C200

  	
   

  	
  1-Feb-06

  	
   

  	
  23-Dec-05

  	
   

  	
  3

  	
   

  	
   

  	
   

  	
  PER
  ROCK HILL CITY COMMENTS

  	
   

  
	
  STORM DRAINAGE PLANS

  	
   

  	
  C300

  	
   

  	
  1-Feb-06

  	
   

  	
  23-Dec-05

  	
   

  	
  3

  	
   

  	
   

  	
   

  	
  PER
  ROCK HILL CITY COMMENTS

  	
   

  
	
  DRAINAGE AREA MAP

  	
   

  	
  C400

  	
   

  	
  1-Feb-06

  	
   

  	
  23-Dec-05

  	
   

  	
  3

  	
   

  	
   

  	
   

  	
  PER
  ROCK HILL CITY COMMENTS

  	
   

  
	
  OVERALL EROSION CONTROL PLAN
 	
   

  	
  C500

  	
   

  	
  1-Feb-06

  	
   

  	
  23-Dec-05

  	
   

  	
  1

  	
   

  	
   

  	
   

  	
  PER
  ROCK HILL CITY COMMENTS

  	
   

  
	
  SANITARY SEWER PROFILE

  	
   

  	
  C501

  	
   

  	
  27-Jan-06

  	
   

  	
  27-Jan-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SANITARY SEWER PROFILE

  	
   

  	
  C502

  	
   

  	
  1-Feb-06

  	
   

  	
  27-Jan-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  OVERALL EROSION CONTROL PLAN
 	
   

  	
  C600

  	
   

  	
  1-Feb-06

  	
   

  	
  23-Dec-05

  	
   

  	
  3

  	
   

  	
   

  	
   

  	
  PER
  ROCK HILL CITY COMMENTS

  	
   

  
	
  EROSION CONTROL DETAILS

  	
   

  	
  C700

  	
   

  	
  27-Dec-05

  	
   

  	
  23-Dec-05

  	
   

  	
  1

  	
   

  	
   

  	
   

  	
  PER
  ROCK HILL CITY COMMENTS

  	
   

  
	
  EROSION CONTROL DETAILS

  	
   

  	
  C701

  	
   

  	
  27-Dec-05

  	
   

  	
  23-Dec-05

  	
   

  	
  1

  	
   

  	
   

  	
   

  	
  PER
  ROCK HILL CITY COMMENTS

  	
   

  
	
  SITE DETAILS

  	
   

  	
  C800

  	
   

  	
  1-Feb-06

  	
   

  	
  23-Dec-05

  	
   

  	
  2

  	
   

  	
   

  	
   

  	
  PER
  ROCK HILL CITY COMMENTS

  	
   

  
	
  LANDSCAPE PLAN

  	
   

  	
  L100

  	
   

  	
  1-Mar-06

  	
   

  	
  31-Jan-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  PLANTING PLAN -OVERVIEW DR FRONTAGE

  	
   

  	
  L101

  	
   

  	
  1-Mar-06

  	
   

  	
  30-Jan-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  PLANTING PLAN - MAIN PARKING AREA

  	
   

  	
  L102

  	
   

  	
  1-Mar-06

  	
   

  	
  30-Jan-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  LANDSCAPE DETAILS

  	
   

  	
  L103

  	
   

  	
  1-Mar-06

  	
   

  	
  30-Jan-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  STRUCTURALS

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  GENERAL NOTES

  	
   

  	
  S001

  	
   

  	
  13-Feb-06

  	
   

  	
  18-Jan-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FOUNDATION & FLOOR SLAB PLAN
 	
   

  	
  S101

  	
   

  	
  5-Apr-06

  	
   

  	
  18-Jan-05

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ROOF FRAMING PLAN & HIGH ROOF
 	
   

  	
  S201

  	
   

  	
  20-Apr-06

  	
   

  	
  18-Jan-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Entrance
  Feature Revision

  	
   

  
	
  FRAMING PLAN

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FOUNDATION SECTIONS & DETAILS
 	
   

  	
  S301

  	
   

  	
  13-Feb-06

  	
   

  	
  18-Jan-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FRAMING SECTIONS & DETAILS

  	
   

  	
  S401

  	
   

  	
  13-Feb-06

  	
   

  	
  18-Jan-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARCHITECTURALS

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ILLUSTRATIVE SITE PLAN

  	
   

  	
  A101

  	
   

  	
  18-Jan-06

  	
   

  	
  18-Jan-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1ST FLOOR PRELIMINARY PRICING PLAN

  	
   

  	
  AU101

  	
   

  	
  12-Apr-06

  	
   

  	
  6-Mar-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  TENANT
  CHANGES

  	
   

  
	
  FIRST FLOOR SHELL PLAN

  	
   

  	
  A102

  	
   

  	
  21-Mar-06

  	
   

  	
  18-Jan-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FIRST FLOOR ENLARGED PLAN

  	
   

  	
  A102A

  	
   

  	
  21-Mar-06

  	
   

  	
  12-Mar-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ROOF PLAN

  	
   

  	
  A103A

  	
   

  	
  20-Mar-06

  	
   

  	
  18-Jan-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CANOPY DETAILS

  	
   

  	
  A103B

  	
   

  	
  10-Jul-06

  	
   

  	
  16-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ELEVATIONS

  	
   

  	
  A201

  	
   

  	
  10-Jul-06

  	
   

  	
  18-Jan-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ENLARGED ELEVATIONS

  	
   

  	
  A202

  	
   

  	
  12-Apr-06

  	
   

  	
  27-Mar-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WALL SECTIONS & DETAILS

  	
   

  	
  A301

  	
   

  	
  21-Mar-06

  	
   

  	
  18-Jan-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WALL SECTIONS & DETAILS

  	
   

  	
  A302

  	
   

  	
  21-Mar-06

  	
   

  	
  18-Jan-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WALL SECTIONS & DETAILS

  	
   

  	
  A303

  	
   

  	
  17-Feb-06

  	
   

  	
  18-Jan-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  STAIR DETAILS

  	
   

  	
  A501

  	
   

  	
  17-Feb-06

  	
   

  	
  18-Jan-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  PARTIAL UP-FIT FLOOR PLAN

  	
   

  	
  AU-1

  	
   

  	
  11-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Tenant
  revision

  	
   

  
	
  PARTIAL UP-FIT FLOOR PLAN

  	
   

  	
  AU-2

  	
   

  	
  11-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  RADIUS DIMENSION PLAN

  	
   

  	
  AU-3

  	
   

  	
  11-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ENLARGED PLANS PARTITION TYPES

  	
   

  	
  AU-4

  	
   

  	
  13-Jul-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  PARTIAL REFLECTED CEILING PLAN

  	
   

  	
  AU-5

  	
   

  	
  11-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  PARTIAL REFLECTED CEILING PLAN

  	
   

  	
  AU-6

  	
   

  	
  21-Jul-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FLOOR FINISH PLAN

  	
   

  	
  AU-7

  	
   

  	
  26-Jul-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FINISH SCHEDULE

  	
   

  	
  AU-8

  	
   

  	
  11-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DOOR SCHEDULES/ ELEVATIONS/ DETAILS

  	
   

  	
  AU-9

  	
   

  	
  11-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ELEVATIONS

  	
   

  	
  AU-10

  	
   

  	
  11-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ELEVATIONS

  	
   

  	
  AU-11

  	
   

  	
  11-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ELEVATIONS

  	
   

  	
  AU-12

  	
   

  	
  11-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DETAILS

  	
   

  	
  AU-13

  	
   

  	
  11-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DETAILS

  	
   

  	
  AU-14

  	
   

  	
  11-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SEISMIC NOTES AND DETAILS

  	
   

  	
  AU-15

  	
   

  	
   

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Issued
  for upfit permit

  	
   

  
	
  TILT

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TILT UP PANEL LAYOUT

  	
   

  	
  T101

  	
   

  	
  13-Feb-06

  	
   

  	
  13-Feb-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TILT UP PANEL SECTIONS AND DETAILS

  	
   

  	
  T201

  	
   

  	
  13-Feb-06

  	
   

  	
  13-Feb-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TILT UP PANLE ELEVATIONS

  	
   

  	
  T301

  	
   

  	
  21-Mar-06

  	
   

  	
  13-Mar-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TILT UP PANEL ELEVATIONS

  	
   

  	
  T302

  	
   

  	
  21-Mar-06

  	
   

  	
  13-Mar-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TILT UP PANEL
  ELEVATIONS

  	
   

  	
  T303

  	
   

  	
  20-Apr-06

  	
   

  	
  13-Feb-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Entrance Feature
  Revision

  	
   

  

 

 5
 

 

 

CONTRACT DOCUMENT LOG - DRAWINGS - EXHIBIT ‘A’

3-D SYSTEMS

 

	
  3-D SYSTEMS

  	
   

  	
   

  	
   

  	
  LATEST

  	
   

  	
  ORIGINAL

  	
   

  	
  LATEST

  	
   

  	
  SUPPLE-

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  DRAWING

  	
   

  	
  ISSUE

  	
   

  	
  ISSUE

  	
   

  	
  REVISION

  	
   

  	
  MENT

  	
   

  	
   

  	
   

  
	
  DESCRIPTION

  	
   

  	
  #

  	
   

  	
  (DATE)

  	
   

  	
  (DATE)

  	
   

  	
  #

  	
   

  	
  #

  	
   

  	
  COMMENTS

  	
   

  
	
  PLUMBING

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  OVERALL FLOOR PLAN PLUMBING

  	
   

  	
  P1

  	
   

  	
  21-Jun-06

  	
   

  	
  28-Apr-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  OVERALL FLOOR PLAN PLUMBING

  	
   

  	
  P2

  	
   

  	
  21-Jun-06

  	
   

  	
  28-Apr-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ENLARGED TOILET PLANS PLUMBING

  	
   

  	
  P3

  	
   

  	
  21-Jun-06

  	
   

  	
  28-Apr-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ENLARGED TOILET PLANS PLUMBING

  	
   

  	
  P4

  	
   

  	
  21-Jun-06

  	
   

  	
  28-Apr-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SCHEDULES AND DETAILS PLUMBING

  	
   

  	
  P5

  	
   

  	
  21-Jun-06

  	
   

  	
  28-Apr-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ELECTRICAL

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  PARTIAL LIGHTING PLAN

  	
   

  	
  E1

  	
   

  	
  5-Sep-06

  	
   

  	
  5-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Owner
  revisions

  	
   

  
	
  PARTIAL LIGHTING PLAN

  	
   

  	
  E2

  	
   

  	
  5-Sep-06

  	
   

  	
  5-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Owner
  revisions

  	
   

  
	
  PARTIAL LIGHTING PLAN

  	
   

  	
  E3

  	
   

  	
  5-Sep-06

  	
   

  	
  5-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Owner
  revisions

  	
   

  
	
  PARTIAL LIGHTING PLAN

  	
   

  	
  E4

  	
   

  	
  5-Sep-06

  	
   

  	
  5-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Owner
  revisions

  	
   

  
	
  PARTIAL POWER PLAN

  	
   

  	
  E5

  	
   

  	
  21-Jun-06

  	
   

  	
  5-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Mechanical
  revisions

  	
   

  
	
  PARTIAL POWER PLAN

  	
   

  	
  E6

  	
   

  	
  21-Jun-06

  	
   

  	
  5-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Mechanical
  revisions

  	
   

  
	
  PARTIAL POWER PLAN

  	
   

  	
  E7

  	
   

  	
  21-Jun-06

  	
   

  	
  5-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Mechanical
  revisions

  	
   

  
	
  PARTIAL POWER PLAN

  	
   

  	
  E8

  	
   

  	
  21-Jun-06

  	
   

  	
  5-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Mechanical
  revisions

  	
   

  
	
  PANEL SCHEDULES AND RISER DIAGRAM

  	
   

  	
  E9

  	
   

  	
  21-Jun-06

  	
   

  	
  5-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Mechanical
  revisions

  	
   

  
	
  PANEL SCHEDULES

  	
   

  	
  E10

  	
   

  	
  21-Jun-06

  	
   

  	
  5-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Mechanical
  revisions

  	
   

  
	
  NOTES AND SCHEDULES

  	
   

  	
  E11

  	
   

  	
  21-Jun-06

  	
   

  	
  5-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Mechanical
  revisions

  	
   

  
	
  MECHANICAL

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SCHEDULES, NOTES AND LEGEND

  	
   

  	
  MO.1

  	
   

  	
  1-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Revisions/Changes

  	
   

  
	
  SCHEDULES

  	
   

  	
  MO.2

  	
   

  	
  1-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Revisions/Changes

  	
   

  
	
  CHILLED & HOT WATER FLOW DIAGRAMS

  	
   

  	
  MO.3a

  	
   

  	
  1-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Revisions/Changes

  	
   

  
	
  HVAC AIRFLOW DIAGRAM

  	
   

  	
  MO.3b

  	
   

  	
  1-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Revisions/Changes

  	
   

  
	
  COMPRESSED AIR & NITROGEN FLOW DIAG
 	
   

  	
  MO.4

  	
   

  	
  1-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Revisions/Changes

  	
   

  
	
  DETAILS

  	
   

  	
  MO.5

  	
   

  	
  1-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Revisions/Changes

  	
   

  
	
  GENERAL NOTES & CONTROL DESCRIPTION
 	
   

  	
  MO.6

  	
   

  	
  1-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Revisions/Changes

  	
   

  
	
  CLEAN NITROGEN SPECIFICATION

  	
   

  	
  MO.7

  	
   

  	
  1-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Revisions/Changes

  	
   

  
	
  FIRST FLOOR HYVAC PLAN

  	
   

  	
  M1.1

  	
   

  	
  1-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Revisions/Changes

  	
   

  
	
  FIRST FLOOR HYVAC PLAN

  	
   

  	
  M1.2

  	
   

  	
  1-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Revisions/Changes

  	
   

  
	
  FIRST FLOOR HYVAC PLAN

  	
   

  	
  M1.3

  	
   

  	
  1-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Revisions/Changes

  	
   

  
	
  FIRST FLOOR HYVAC PLAN

  	
   

  	
  M1.4

  	
   

  	
  1-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Revisions/Changes

  	
   

  
	
  CA & N2 FLOW DIAGRAM

  	
   

  	
  M1.5

  	
   

  	
  1-Sep-06

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Revisions/Changes

  	
   

  
	
  EQUIPMENT

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  EQUIPMENT PLAN

  	
   

  	
  EQ-1

  	
   

  	
  5-Sep-06

  	
   

  	
  3-Jul-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Owner
  Revisions

  	
   

  
	
  PANEL SCHEDULES AND RISER DIAGRAM

  	
   

  	
  EQ-2

  	
   

  	
  5-Sep-06

  	
   

  	
  3-Jul-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Owner
  Revisions

  	
   

  
	
  PANEL SCHEDULES

  	
   

  	
  EQ-3

  	
   

  	
  5-Sep-06

  	
   

  	
  3-Jul-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Owner
  Revisions

  	
   

  
	
  PANEL SCHEDULES

  	
   

  	
  EQ-4

  	
   

  	
  5-Sep-06

  	
   

  	
  3-Jul-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Owner
  Revisions

  	
   

  
	
  NOTES AND SCHEDULES

  	
   

  	
  EQ-5

  	
   

  	
  5-Sep-06

  	
   

  	
  3-Jul-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Owner
  Revisions

  	
   

  
	
  FIRE PROTECTION

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FIRE PROTECTION
  PLAN

  	
   

  	
  FP-1

  	
   

  	
   

  	
   

  	
  4-May-06

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

 6Exhibit
4.1

WARRANT
AGREEMENT

This Agreement
made as of                     ,
2006 between Boomerang Holdings, Inc., a Delaware corporation, with offices at
400 Chesterfield Center, Suite 400, Chesterfield, Missouri 63017 (“Company”), and
Continental Stock Transfer & Trust Company, a New York corporation, with
offices at 17 Battery Place, New York, New York 10004 (“Warrant Agent”).

WHEREAS, the
Company is engaged in a public offering (“Public Offering”) of Units (“Units”) and, in
connection therewith, has determined to issue and deliver up to (i) 17,250,000
Warrants (“Public
Warrants”) to the public investors, and (ii) 750,000 Warrants to
Deutsche Bank Securities Inc. (“Deutsche Bank”) or its designees (“Representative’s Warrants”
and, together with the Public Warrants, the “Warrants”), each Warrant evidencing the
right of the holder thereof to purchase one share of the Company’s common
stock, par value $0.01 per share (“Common Stock”), for $6.00 in the case of the
Public Warrants and $7.20 in the case of the Representative’s Warrants, in each
case subject to adjustment as described herein; and

WHEREAS, the
Company has filed with the Securities and Exchange Commission (the “SEC”) a
Registration Statement on Form S-1, No. 333 - 135081 (“Registration Statement”),
for the registration, under the Securities Act of 1933, as amended (“Act”) of, among other
securities, the Warrants and the Common Stock issuable upon exercise of the
Warrants; and

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

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

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

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

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

2.             Warrants.

2.1.          Form of Warrant Certificate.   Each
Warrant Certificate shall be issued in registered form only, shall be in
substantially the form of Warrant Certificate attached as Exhibit A hereto, the
provisions of which are incorporated herein and shall be signed by, or bear the
facsimile signature of, the Chairman of the Board or President and Treasurer,
Secretary or Assistant Secretary of the Company and shall bear a facsimile of
the Company’s seal. In the event the person whose facsimile signature has been
placed upon any Warrant shall have ceased to serve in the capacity in which
such person signed the Warrant before such Warrant is issued, it may be issued
with the same effect as if he or she had not ceased to be such at the date of
issuance.

 1
 

 

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

2.3.          Registration.

2.3.1.                     Warrant Register.   The Warrant
Agent shall maintain books (“Warrant Register”), for the registration of original
issuance and the registration of transfer of the Warrants. Upon the initial
issuance of the Warrants, the Warrant Agent shall issue and register the
Warrants in the names of the respective holders thereof in such denominations
and otherwise in accordance with instructions delivered to the Warrant Agent by
the Company.

2.3.2.                     Registered Holder. Prior to due
presentment for registration of transfer of any Warrant, the Company and the
Warrant Agent may deem and treat the person in whose name such Warrant shall be
registered upon the Warrant Register (“registered holder”), as the absolute owner of
such Warrant and of each Warrant represented thereby (notwithstanding any
notation of ownership or other writing on the Warrant Certificate made by
anyone other than the Company or the Warrant Agent), for the purpose of any
exercise thereof, and for all other purposes, and neither the Company nor the
Warrant Agent shall be affected by any notice to the contrary.

2.4.          Detachability of Warrants.   The
securities comprising the Units will not be separately transferable until 90
days after the date hereof unless Deutsche Bank informs the Company of its
decision to allow earlier separate trading, but in no event will Deutsche Bank
allow separate trading of the securities comprising the Units until the Company
files a Current Report on Form 8-K which includes an audited balance sheet
reflecting the receipt by the Company of the gross proceeds of the Public
Offering including the proceeds received by the Company from the exercise of
the Underwriter’s over-allotment option, if the over-allotment option is
exercised prior to the filing of the Form 8-K.

2.5.          Warrants and Representative’s Warrants.   The
Representative’s Warrants shall have the same terms and be in the same form as
the Public Warrants except with respect to the Warrant Price as set forth below
in Section 3 Terms and Exercise of Warrants

3.             Terms
and Exercise of Warrants.

3.1.          Warrant Price.   Each Public
Warrant Certificate shall, when countersigned by the Warrant Agent, entitle the
registered holder thereof, subject to the provisions of such Public Warrant and
of this Warrant Agreement, to purchase from the Company the number of shares of
Common Stock stated therein, at the price of $6.00 per whole share, subject to
the adjustments provided in Section 4 hereof and in the last sentence of this
Section 3.1. Each Representative’s Warrant shall, when countersigned by the
Warrant Agent, entitle the registered holder thereof, subject to the provisions
of such Representative’s Warrant and of this Warrant Agreement, to purchase
from the Company the number of shares of Common Stock stated therein, at the
price of $7.20 per whole share, subject to the adjustments provided in Section
4 hereof. The term “Warrant
Price” as used in this Warrant Agreement refers to the price per
share at which Common Stock may be purchased at the time a Warrant is
exercised. The Company in its sole discretion may lower the Warrant Price at
any time prior to the Expiration Date; provided, however, that any change in
the Warrant Price must apply equally to all of the warrants, except that any
amendment to the terms of the Representative’s Warrants shall be subject to any
limitations and conditions that may be imposed by NASD Corporate Financing Rule
2710, and provided further that any reduction in Warrant Price must remain in
effect for at least twenty (20) business days.

3.2.          Duration of Warrants.   A
Warrant may be exercised only during the period (“Exercise Period”) commencing on the later of (i) the consummation by the
Company of a business combination

 2
 

 

and (ii)                     ,
2007 (one year from the effective date of the Registration Statement) and
terminating at 5:00 p.m., New York City time on the earlier to occur of (i)                     ,
2007 (four years from the effective date of the Registration Statement), or
(ii) the date fixed for redemption of the Warrants as provided in Section 6 of
this Agreement (“Expiration
Date”). For purposes of this Agreement, a “business combination”
means, following the Public Offering (the net proceeds of which shall be
deposited in the trust account), the Company’s initial acquisition of one or
more assets or operating businesses through a merger, capital stock exchange,
asset or stock acquisition or other similar business combination pursuant to
which the Company will require that a majority of the shares of common stock
voted by its public stockholders are voted in favor of the acquisition and less
than 20% of the public stockholders both (1) vote against the proposed
acquisition and (2) elect to convert their shares of common stock into a pro
rata share of the aggregate amount then on deposit in the trust account. Except
with respect to the right to receive the Redemption Price (as set forth in
Section 6 hereunder), each Warrant not exercised on or before the Expiration
Date shall become void, and all rights thereunder and all rights in respect
thereof under this Agreement shall cease at the close of business on the
Expiration Date. The Company in its sole discretion may extend the duration of
the Warrants by delaying the Expiration Date; provided, however, that any
extension of the duration of the Warrants must apply equally to all of the
Warrants, except that any amendment to the terms of the Representative’s
Warrants shall be subject to any limitations and conditions that may be imposed
by NASD Corporate Financing Rule 2710. Should the Company wish to extend the
Expiration Date of the Warrants, the Company shall provide advance notice to
the American Stock Exchange, and shall, if possible, provide at least two (2)
months advance notice to the American Stock Exchange, but in no event will the
Company provide less than twenty (20) days advance notice of such extension to
the American Stock Exchange.

3.3.          Exercise of Warrants.

3.3.1.                     Payment.   Subject to the provisions
of the Warrant and this Warrant Agreement, a Warrant, when countersigned by the
Warrant Agent, may be exercised by the registered holder thereof by
surrendering it, at the office of the Warrant Agent, or at the office of its
successor as Warrant Agent, in the Borough of Manhattan, City and State of New
York, with the subscription form, as set forth in the Warrant, duly executed,
and by paying in full, in lawful money of the United States, in cash, good
certified check or good bank draft payable to the order of the Company (or as
otherwise agreed to by the Company), the Warrant Price for each full share of
Common Stock as to which the Warrant is exercised and any and all applicable
taxes due in connection with the exercise of the Warrant, the exchange of the
Warrant for the Common Stock, and the issuance of the Common Stock.

3.3.2.                     Issuance of Certificates.   As soon
as practicable after the exercise of any Warrant and the clearance of the funds
in payment of the Warrant Price, the Company shall issue to the registered
holder of such Warrant a certificate or certificates for the number of full
shares of Common Stock to which he is entitled, registered in such name or
names as may be directed by him, her or it, and if such Warrant shall not have
been exercised in full, a new countersigned Warrant for the number of shares as
to which such Warrant shall not have been exercised. Notwithstanding the
foregoing, the Company shall not be obligated to deliver any securities
pursuant to the exercise of a Warrant and shall have no obligation to settle
the Warrant exercise unless a registration statement under the Act with respect
to the Common Stock is effective, subject to the Company satisfying its
obligations under Section 7.4 to use its best efforts. In the event that a
registration statement with respect to the Common Stock underlying a Warrant is
not effective under the Act, the holder of such Warrant shall not be entitled
to exercise such Warrant. Notwithstanding anything to the contrary contained in
this Warrant Agreement, under no circumstances will the Company be required to
net cash settle the exercise of the Warrants. Warrants may not be exercised by,
or securities issued to, any

 3
 

 

registered holder in any state in which such exercise would be
unlawful. As a result of the provisions of this Section 3.3.2, any or all of
the Warrants may expire unexercised. In no event shall the registered holder be
entitled to receive any monetary damages if the Common Stock underlying the
Warrants have not been registered by the Company pursuant to an effective
registration statement or if a current prospectus is available for delivery by
the Warrant Agent, provided the Company has fulfilled its obligations to use
its best efforts to effect such registration and ensure a current prospectus is
available for delivery by the Warrant Agent.

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

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

4.             Adjustments.

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

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

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

4.4.          Extraordinary
Dividends.   If the Company, at
any time during the Exercise Period, shall pay a dividend or make a
distribution in
cash, securities or other assets to the holders of Common Stock (or other
shares of the Company’s capital stock into which the Warrants are convertible),
other than (w) as described in Sections 4.1, 4.2 or 4.5, (x) regular quarterly
or other periodic dividends, (y) in connection with the conversion rights of
the holders of Common Stock upon consummation of the Company's initial business
combination or (z) in connection with the Company's liquidation and the
distribution of its assets upon its failure to consummate a business
combination (any such non-excluded event being referred to herein as an “Extraordinary
Dividend”), then the Warrant Price shall be decreased, effective immediately
after the effective date of such Extraordinary Dividend, by the amount of cash
and/or the fair market value (as determined by the Company’s Board of
Directors, in good faith) of any securities or other assets paid on each share
of Common Stock in respect of such Extraordinary Dividend.

4.5.          Replacement of Securities upon Reorganization, etc.   In
case of any reclassification or reorganization of the outstanding shares of
Common Stock (other than a change covered by Section 4.1 or 4.2 hereof or that
solely affects the par value of such shares of Common Stock), or in the case of
any merger or consolidation of the Company with or into another corporation
(other than a consolidation or merger in which the Company is the continuing
corporation and that does not result in any reclassification or reorganization
of the outstanding shares of Common Stock), or in the case of any sale or
conveyance to another corporation or entity of the assets or other property of
the Company as an entirety or substantially as an entirety in connection with
which the Company is dissolved, the Warrant holders shall thereafter have the
right to purchase and receive, upon the basis and upon the terms and conditions
specified in the Warrants and in lieu of the shares of Common Stock of the
Company immediately theretofore purchasable and receivable upon the exercise of
the rights represented thereby, the kind and amount of shares of stock or other
securities or property (including cash) receivable upon such reclassification,
reorganization, merger or consolidation, or upon a dissolution following any
such sale or transfer, that the Warrant holder would have received if such
Warrant holder had exercised his, her or its Warrant(s) immediately prior to
such event; and if any reclassification also results in a change in shares of
Common Stock covered by Section 4.1 or 4.2, then

 4
 

 

such adjustment shall be
made pursuant to Sections 4.1, 4.2, 4.3 and this Section 4.5. The provisions of
this Section 4.5 shall similarly apply to successive reclassifications,
reorganizations, mergers or consolidations, sales or other transfers.

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

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

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

5.             Transfer
and Exchange of Warrants.

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

5.2.          Procedure for Surrender of Warrants.   Warrants
may be surrendered to the Warrant Agent, together with a written request for
exchange or transfer, and thereupon the Warrant Agent shall issue in exchange
therefor one or more new Warrants as requested by the registered holder of the
Warrants so surrendered, representing an equal aggregate number of Warrants;
provided, however, that in the event that a Warrant surrendered for transfer
bears a restrictive legend, the Warrant Agent shall not cancel such Warrant and
issue new Warrants in exchange therefor until the Warrant Agent has received an
opinion of counsel for the Company stating that such transfer may be made and
indicating whether the new Warrants must also bear a restrictive legend.

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

5.4.          Service Charges.   No
service charge shall be made for any exchange or registration of transfer of
Warrants.

5.5.          Warrant Execution and Countersignature.   The
Warrant Agent is hereby authorized to countersign and to deliver, in accordance
with the terms of this Agreement, the Warrants required to

 5
 

 

be issued pursuant to the
provisions of this Section 5, and the Company, whenever required by the Warrant
Agent, will supply the Warrant Agent with Warrants duly executed on behalf of
the Company for such purpose.

6.             Redemption.

6.1.          Redemption.   Subject to
Section 6.4 hereof, not less than all of the outstanding Warrants may be
redeemed, at the option of the Company, at any time after they become
exercisable and prior to their expiration, at the office of the Warrant Agent,
upon the notice referred to in Section 6.2, at the price of $0.01 per Warrant (“Redemption Price”),
provided that (i) the last sales price of the Common Stock has been at least
$11.50 per share (the “Trigger
Price”), on each of twenty (20) trading days within any thirty
(30) trading day period ending on the third business day prior to the date on
which notice of redemption is given and (ii) the Warrants and the shares of
Common Stock underlying the Warrants are covered by a registration statement
that is effective under the Act and a current prospectus.

6.2.          Date Fixed for, and Notice of, Redemption.   In
the event the Company shall elect to redeem all of the Warrants, the Company
shall fix a date for the redemption (the “Redemption Date”). Notice of redemption shall
be mailed by first class mail, postage prepaid, by the Company not less than 30
days prior to the date fixed for redemption to the registered holders of the
Warrants to be redeemed at their last addresses as they shall appear on the
registration books. Any notice mailed in the manner herein provided shall be
conclusively presumed to have been duly given whether or not the registered
holder received such notice. In the event of any adjustment to the Warrant
Price or the number of shares of Common Stock issuable on exercise of each
Warrant as provided in Section 4, a proportional adjustment shall be made to
the Trigger Price.

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

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

7.             Other
Provisions Relating to Rights of Holders of Warrants.

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

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

 6
 

 

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

7.4.          Registration of Common Stock.   The
Company agrees that prior to the commencement of the Exercise Period, it shall
use its best efforts to prepare and file with the Securities and Exchange
Commission a post-effective amendment to the Registration Statement, or a new
registration statement, for the registration, under the Act, of, and it shall
use its best efforts to take such action as is necessary to qualify for sale,
in those states in which the Warrants were initially offered by the Company,
the Common Stock issuable upon exercise of the Warrants. In either case, the
Company will use its best efforts to cause the same to become effective on or
prior to the commencement of the Exercise Period and use its best efforts to
maintain the effectiveness of such registration statement and ensure that a
current prospectus is on file with the SEC until the expiration of the Warrants
in accordance with the provisions of this Agreement; provided, however, that
the Company shall not be obligated to deliver securities and shall not have
penalties for failure to deliver securities, if a registration statement is not
effective or a current prospectus is not on file with the SEC at the time of
exercise by the holder. The provisions of this Section 7.4 may not be modified,
amended or deleted without the prior written consent of Deutsche Bank.

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

8.             Concerning
the Warrant Agent and Other Matters.

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

8.2.          Resignation, Consolidation, or Merger of Warrant Agent.

8.2.1.                     Appointment of Successor Warrant Agent.   The
Warrant Agent, or any successor to it hereafter appointed, may resign its
duties and be discharged from all further duties and liabilities hereunder
after giving sixty (60) days’ notice in writing to the Company. If the office
of the Warrant Agent becomes vacant by resignation or incapacity to act or
otherwise, the Company shall appoint in writing a successor Warrant Agent in
place of the Warrant Agent. If the Company shall fail to make such appointment
within a period of 30 days after it has been notified in writing of such
resignation or incapacity by the Warrant Agent or by the holder of the Warrant
(who shall, with such notice, submit his Warrant for inspection by the
Company), then the holder of any Warrant may apply to the Supreme Court of the
State of New York for the County of New York for the appointment of a successor
Warrant Agent at the Company’s cost. Any successor Warrant Agent, whether
appointed by the Company or by such court, shall be a corporation organized and
existing under the laws of the State of New York, in good standing and having
its principal office in the Borough of Manhattan, City and State of New York,
and authorized under such laws to exercise corporate trust powers and subject
to supervision or examination by federal or state authority. After appointment,
any successor Warrant Agent shall be vested with all the authority, powers,
rights, immunities, duties, and obligations of its predecessor Warrant Agent
with like effect as if originally named as Warrant Agent hereunder, without any
further act or deed; but if for any reason it becomes necessary or appropriate,
the predecessor Warrant Agent shall execute and deliver, at the expense of the
Company, an instrument transferring to such successor Warrant Agent all the
authority, powers, and rights of such predecessor Warrant Agent hereunder; and
upon request of any successor Warrant Agent the Company shall make, execute,
acknowledge, and deliver any and all instruments in writing for more fully and
effectually vesting in and confirming to such successor Warrant Agent all such
authority, powers, rights, immunities, duties, and obligations.

 7
 

 

8.2.2.                     Notice of Successor Warrant Agent.   In
the event a successor Warrant Agent shall be appointed, the Company shall give
notice thereof to the predecessor Warrant Agent and the transfer agent for the
Common Stock not later than the effective date of any such appointment.

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

8.3.          Fees and Expenses of Warrant Agent.

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

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

8.4.          Liability of Warrant Agent.

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

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

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

8.5.          Acceptance of Agency.   The
Warrant Agent hereby accepts the agency established by this Agreement and
agrees to perform the same upon the terms and conditions herein set forth and
among other things, shall account promptly to the Company with respect to
Warrants exercised and

 8
 

 

concurrently account for,
and pay to the Company, all moneys received by the Warrant Agent for the purchase
of shares of Common Stock through the exercise of Warrants.

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

9.             Miscellaneous
Provisions.

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

9.2.          Notices.   Any notice,
statement or demand authorized by this Warrant Agreement to be given or made by
the Warrant Agent or by the holder of any Warrant to or on the Company shall be
sufficiently given when so delivered if by hand or overnight delivery or if
sent by certified mail or private courier service within five days after
deposit of such notice, postage prepaid, addressed (until another address is
provided in writing by the Company with the Warrant Agent), as follows:

Boomerang Holdings, Inc.

Chesterfield Center, Suite 400

Chesterfield, Missouri 63017

Attn: Gregg Eisenberg, CEO

Any notice, statement or
demand authorized by this Agreement to be given or made by the holder of any
Warrant or by the Company to or on the Warrant Agent shall be sufficiently
given when so delivered if by hand or overnight delivery or if sent by
certified mail or private courier service within five days after deposit of
such notice, postage prepaid, addressed (until another address is filed in
writing by the Warrant Agent with the Company), as follows:

Continental Stock Transfer & Trust Company

17 Battery Place

New York, New York 10004

Attn: Compliance Department

with a copy in each case to:

Sonnenschein Nath & Rosenthal LLP

One Metropolitan Square, Suite 3000

St. Louis, Missouri 63102

Attn: Brian C. Behrens, Esq.

9.3.          Applicable law.   The
validity, interpretation, and performance of this Agreement and of the Warrants
shall be governed in all respects by 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. The Company hereby
agrees that any action, proceeding or claim against it arising out of or
relating in any way to this Agreement shall be brought and enforced in the
courts of the State of New York or the United States District Court for the
Southern District of New York, and irrevocably submits to such jurisdiction,
which jurisdiction shall be exclusive. The Company hereby waives any objection
to such exclusive jurisdiction and that such courts represent an inconvenience
forum. Any such process or summons to be served upon the Company may be served
by transmitting a copy thereof by registered or certified mail, return receipt
requested, postage prepaid, addressed to it at the address set forth in Section
9.2 hereof. Such mailing shall be deemed personal service and shall be legal
and binding upon the Company in any action, proceeding or claim.

9.4.          Persons Having Rights under this Agreement.   Nothing
in this Agreement expressed and nothing that may be implied from any of the
provisions hereof is intended, or shall be construed, to confer upon, or give
to, any person or corporation other than the parties hereto and the registered
holders of the Warrants and, for the purposes of Sections 2.5, 6.1, 6.4, 7.4
and 9.2 hereof, Deutsche

 9
 

 

Bank, any right, remedy,
or claim under or by reason of this Warrant Agreement or of any covenant,
condition, stipulation, promise, or agreement hereof. Deutsche Bank shall be
deemed to be a third- party beneficiary of this Agreement with respect to
Sections 2.5, 6.1, 6.4, 7.4 and 9.2 hereof. All covenants, conditions,
stipulations, promises, and agreements contained in this Warrant Agreement
shall be for the sole and exclusive benefit of the parties hereto (and Deutsche
Bank with respect to the Sections 2.5, 6.1, 6.4, 7.4 and 9.2 hereof) and their
successors and assigns and of the registered holders of the Warrants.

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

9.6.          Counterparts.   This
Agreement may be executed in any number of original or facsimile counterparts
and each of such counterparts shall for all purposes be deemed to be an
original, and all such counterparts shall together constitute but one and the
same instrument.

9.7.          Effect of Headings.   The Section
headings herein are for convenience only and are not part of this Warrant
Agreement and shall not affect the interpretation thereof.

9.8.          Amendments.   This Agreement may be
amended by the parties hereto without the consent of any registered holder for
the purpose of curing any ambiguity, or curing, correcting or supplementing any
defective provision contained herein or adding or changing any other provisions
with respect to matters or questions arising under this Agreement as the
parties may deem necessary or desirable and that the parties deem shall not
adversely affect the interest of the registered holders. All other
modifications or amendments, including, but not limited to, any amendment to
increase the Warrant Price or shorten the Exercise Period, shall require the
written consent of each of Deutsche Bank and the registered holders of a
majority of the then outstanding Warrants. Notwithstanding the foregoing, the
Company may lower the Warrant Price or extend the duration of the Exercise
Period in accordance with Sections 3.1 and 3.2 without such consent.

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

	
  BOOMERANG HOLDINGS, INC.

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Gregg Eisenberg

  	
   

  
	
   

  	
  Title:

  	
  Chief Executive
  Officer

  	
   

  
	
   

  	
   

  
	
  CONTINENTAL
  STOCK TRANSFER & TRUST COMPANY

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  

 

 10

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