Document:

EXHIBIT 10.8

June 3, 2005

Platinum Energy Resources, Inc.
152 West 57th Street, 54th Floor
New York, New York 10019

Casimir Capital LP
489 Fifth Avenue
New York, New York 10017

Re:   Initial Public Offering

Gentlemen:

      The undersigned stockholder and Executive Vice President of Platinum
Energy Resources, Inc. ("Company"), in consideration of Casimir Capital LP
("Casimir") entering into a letter of intent, dated May 4, 2005 (the "Letter of
Intent"), to underwrite an initial public offering of the securities of the
Company ("IPO") and embarking on the IPO process, hereby agrees as follows
(certain capitalized terms used herein are defined in paragraph 11 hereof):

      1. If the Company solicits approval of its stockholders of a Business
Combination, the undersigned will vote all Insider Shares owned by the
undersigned in accordance with the majority of the votes cast by the holders of
the IPO Shares.

      2. In the event that the Company fails to consummate a Business
Combination within 18 months from the effective date ("Effective Date") of the
registration statement relating to the IPO (or 24 months under the circumstances
described in the prospectus relating to the IPO), the undersigned will take all
reasonable actions within the undersigned's power to cause the Company to
liquidate as soon as reasonably practicable. In such event, the undersigned
hereby waives any and all right, title, interest or claim of any kind in or to
any liquidating distributions by the Company, including, without limitation, any
distribution of the Trust Fund (as defined in the Letter of Intent) as a result
of such liquidation with respect to his Insider Shares ("Claim") and hereby
further waives any Claim the undersigned may have in the future as a result of,
or arising out of, any contracts or agreements with the Company and will not
seek recourse against the Trust Fund for any reason whatsoever.

      3. In order to minimize potential conflicts of interest which may arise
from multiple affiliations, the undersigned agrees to present to the Company for
its consideration, prior to the undersigned's exploitation of that opportunity
in any way or the presentation to any other person or entity, any suitable
opportunity to acquire an operating business in the oil and gas E&P industry or
any real property or related assets, until the earlier of the consummation by
the Company of a Business Combination, the liquidation of the Company or until
such time as the undersigned ceases to be an officer or director of the Company,
but subject, in each case, to any pre-existing fiduciary and/or contractual
obligations the undersigned might have.

      4. The undersigned acknowledges and agrees that the Company will not
consummate any Business Combination which involves a company which is affiliated
with any of the Insiders unless the Company obtains an opinion from an
independent investment banking firm reasonably acceptable to Casimir Capital LP
that the business combination is fair to the Company's stockholders from a
financial perspective.

                                       1
<PAGE>

      5. Neither the undersigned, any member of the family of the undersigned,
nor any Affiliate of the undersigned will be entitled to receive and will not
accept any compensation for services rendered to the Company prior to the
consummation of the Business Combination; provided that the undersigned shall be
entitled to reimbursement from the Company for his out-of-pocket expenses
incurred in connection with seeking and consummating a Business Combination.

      6. The undersigned agrees that neither the undersigned, any member of the
family of the undersigned, or any Affiliate of the undersigned will be entitled
to receive or accept, and the undersigned, on behalf of the undersigned and the
aforementioned parties, hereby waives any rights to, a finder's fee or any other
compensation in the event the undersigned, any member of the family of the
undersigned or any Affiliate of the undersigned originates a Business
Combination.

      7. The undersigned will escrow his Insider Shares for the three year
period commencing on the Effective Date, subject to the terms of a Stock Escrow
Agreement which the Company will enter into with the undersigned and an escrow
agent acceptable to the Company.

      8. The undersigned agrees to be the Executive Vice President of the
Company until the earlier of the consummation by the Company of a Business
Combination or the liquidation of the Company. The undersigned's biographical
information furnished to the Company and Casimir and attached hereto as Exhibit
A is true and accurate in all respects, does not omit any material information
with respect to the undersigned's background and contains all of the information
required to be disclosed pursuant to Section 401 of Regulation S-K, promulgated
under the Securities Act of 1933. The undersigned's Questionnaire furnished to
the Company and Casimir is true and accurate in all respects. The undersigned
further represents and warrants to the Company and Casimir that:

            (a) he is not subject to or a respondent in any legal action for,
any injunction, cease-and-desist order or order or stipulation to desist or
refrain from any act or practice relating to the offering of securities in any
jurisdiction;

            (b) he has never been convicted of or pleaded guilty to any crime
(i) involving any fraud or (ii) relating to any financial transaction or
handling of funds of another person, or (iii) pertaining to any dealings in any
securities and he is not currently a defendant in any such criminal proceeding;
and

            (c) he has never been suspended or expelled from membership in any
securities or commodities exchange or association or had a securities or
commodities license or registration denied, suspended or revoked.

      9. The undersigned has full right and power, without violating any
agreement by which the undersigned is bound, to enter into this letter agreement
and to serve as President and a member of the Board of Directors of the Company.

      10. The undersigned authorizes any employer, financial institution, or
consumer credit reporting agency to release to Casimir and its legal
representatives or agents (including any investigative search firm retained by
Casimir) any information they may have about the undersigned's background and
finances ("Information"). Neither Casimir nor its agents shall be violating the
undersigned's right of privacy in any manner in requesting and obtaining the
Information and the undersigned hereby releases them from liability for any
damage whatsoever in that connection.

                                       2
<PAGE>

      11. As used herein: (i) a "Business Combination" shall mean an
acquisition, by merger, capital stock exchange, asset or stock acquisition,
reorganization or otherwise and as otherwise described in the registration
statement relating to the IPO, of an operating business or real property assets
in the hospitality and related industries selected by the Company; (ii)
"Insiders" shall mean all officers, directors and stockholders of the Company
immediately prior to the IPO; (iii) "Insider Shares" shall mean all of the
shares of Common Stock of the Company owned by an Insider prior to the IPO; and
(iv) "IPO Shares" shall mean the shares of Common Stock issued in the Company's
IPO.

      12. The undersigned hereby agrees that any action, proceeding or claim
against the undersigned 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 undersigned hereby waives any objection to such exclusive jurisdiction and
that such courts represent an inconvenience forum.

                                                 Name:   Jim L. Troxel
                                                     ---------------------------

                                                     /s/ Jim L. Troxel
                                                 -------------------------------
                                                          Signature

                                       3
<PAGE>

                                    EXHIBIT A

Jim L. Troxel has been our Executive Vice President since inception. He has had
diverse experience as a senior geologist. Mr. Troxel has held his current
position of Vice President of Exploration at Thorp Petroleum Corporation, an oil
and gas E&P company, since 1997. He has overseen the drilling of 49 wells, with
production of 70 BCF and 3 mm boe. Mr. Troxel was at Amerada Hess, a public oil
and gas E&P company listed on the NYSE, from 1987 through 1996, where he held
the role of senior geologist. He was responsible for discovering Hess' largest
field during this period, which produced 95 BCF and 6 mm boe. While at Texas Oil
and Gas, an oil and gas E&P company, from 1980 through 1987, Mr. Troxel was an
area geologist that managed a team of geologists and geophysicists that directed
the drilling of exploration prospects. For four years, he generated prospects
for 4 rigs out of a 12 rig drilling program. Mr. Troxel received his BS in
Geology from the University of Oklahoma.EXHIBIT 10.9

                      INVESTMENT MANAGEMENT TRUST AGREEMENT

      This  Agreement  is  made  as of , 2005  by and  between  Platinum  Energy
Resources,  Inc. (the "Company") and Continental  Stock Transfer & Trust Company
("Trustee").

      WHEREAS, the Company's  Registration  Statement on Form S-1, No. _________
("Registration  Statement"),  for its  initial  public  offering  of  securities
("IPO") has been declared  effective as of the date hereof by the Securities and
Exchange Commission ("Effective Date"); and

      WHEREAS, Casimir Capital LP ("Casimir") is acting as the representative of
the underwriters in the IPO; and

      WHEREAS,  as described in the  Company's  Registration  Statement,  and in
accordance with the Company's  Certificate of Incorporation,  $95,160,000 of the
gross  proceeds  of the IPO  ($109,434,000  if the  underwriters  over-allotment
option is  exercised  in full) will be  delivered to the Trustee to be deposited
and held in a trust  account  for the  benefit of the Company and the holders of
the  Company's  common stock,  par value $.0001 per share,  issued in the IPO as
hereinafter  provided  and in the event the Units are  registered  in  Colorado,
pursuant to Section 11-51-302(6) of the Colorado Revised Statutes. A copy of the
Colorado  Statute is  attached  hereto and made a part  hereof (the amount to be
delivered  to the  Trustee  will be referred  to herein as the  "Property";  the
stockholders  for whose  benefit the  Trustee  shall hold the  Property  will be
referred to as the "Public  Stockholders,"  and the Public  Stockholders and the
Company will be referred to together as the "Beneficiaries"); and

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

      IT IS AGREED:

      1.    Agreements  and Covenants of Trustee.  The Trustee hereby agrees and
covenants to:

            (a)   Hold the Property in trust for the Beneficiaries in accordance
with the terms of this Agreement, including the terms of Section 11-51-302(6) of
the  Colorado   Statute,   in  a  segregated  trust  account  ("Trust  Account")
established by the Trustee at a branch of JPMorgan Chase NY Bank selected by the
Trustee;

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

            (c)   In a timely manner,  upon the  instruction of the Company,  to
invest and  reinvest  the  Property  in any  Treasury  Bill issued by the United
States,  having a maturity  of 180 days or less or in any open ended  investment
company  registered  under the Investment  Company Act of 1940 that holds itself
out as a money market fund meeting the conditions of paragraphs  (c)(2),  (c)(3)
and (c)(4) of Rule 2a-7 promulgated under the Investment Company Act of 1940;

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

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

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

<PAGE>

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

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

            (i)   Commence  liquidation  of the Trust Account only after receipt
of and only in accordance with the terms of a letter ("Termination  Letter"), in
a form  substantially  similar to that  attached  hereto as either  Exhibit A or
Exhibit B, signed on behalf of the Company by its  President  or Chairman of the
Board and  Secretary,  and complete  the  liquidation  of the Trust  Account and
distribute the Property in the Trust Account only as directed in the Termination
Letter and the other documents referred to therein.  The Trustee understands and
agrees that  disbursements from the Trust Account shall be made only pursuant to
a duly executed Termination Letter, together with the other documents referenced
herein.  In all cases,  the Trustee  shall  provide  Casimir  with a copy of any
Termination  Letters  and/or  any other  correspondence  that it  receives  with
respect to any proposed  withdrawal  from the Trust  Account  promptly  after it
receives same.

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

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

            (b)   Hold the Trustee  harmless and  indemnify the Trustee from and
against,   any  and  all  expenses,   including   reasonable  counsel  fees  and
disbursements,  or loss suffered by the Trustee in  connection  with any action,
suit or other proceeding  brought against the Trustee involving any claim, or in
connection with any claim or demand which in any way arises out of or relates to
this Agreement,  the services of the Trustee  hereunder,  or the Property or any
income earned from  investment  of the Property,  except for expenses and losses
resulting from the Trustee's gross  negligence or willful  misconduct.  Promptly
after  the  receipt  by  the  Trustee  of  notice  of  demand  or  claim  or the
commencement  of any action,  suit or proceeding,  pursuant to which the Trustee
intends  to seek  indemnification  under  this  paragraph,  it shall  notify the
Company in writing of such claim  (hereinafter  referred to as the  "Indemnified
Claim").  The  Trustee  shall have the right to conduct  and manage the  defense
against such  Indemnified  Claim,  provided,  that the Trustee  shall obtain the
consent of the Company with respect to the  selection of counsel,  which consent
shall not be unreasonably  withheld.  The Company may participate in such action
with its own counsel; and

            (c)   Pay the  Trustee  an initial  acceptance  fee of $1,000 and an
annual fee of $3,000 (it being expressly  understood that the Property shall not
be used to pay  such  fee).  The  Company  shall  pay the  Trustee  the  initial
acceptance  fee  and  first  year's  fee at the  consummation  of  the  IPO  and
thereafter on the anniversary of the Effective Date. The Trustee shall refund to
the Company the fee (on a pro rata basis) with  respect to any period  after the
liquidation  of the Trust Fund.  The Company  shall not be  responsible  for any
other fees or charges of the Trustee except as may be provided in paragraph 2(b)
hereof (it being  expressly  understood  that the Property  shall not be used to
make any payments to the Trustee under such paragraph).

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

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

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

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<PAGE>

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

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

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

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

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

            (h)   Pay any  taxes  on  behalf  of the  Trust  Account  (it  being
expressly  understood  that the Property shall not be used to pay any such taxes
and that such taxes, if any, shall be paid by the Company from funds not held in
the Trust Account).

      4.    Termination. This Agreement shall terminate as follows:

            (a)   If the Trustee  gives  written  notice to the Company  that it
desires to resign under this  Agreement,  the Company  shall use its  reasonable
efforts to locate a successor  trustee.  At such time that the Company  notifies
the Trustee that a successor  trustee has been  appointed by the Company and has
agreed to become  subject  to the terms of this  Agreement,  the  Trustee  shall
transfer the management of the Trust Account to the successor trustee, including
but not limited to the transfer of copies of the reports and statements relating
to the Trust  Account,  whereupon  this  Agreement  shall  terminate;  provided,
however, that, in the event that the Company does not locate a successor trustee
within ninety days of receipt of the  resignation  notice from the Trustee,  the
Trustee may submit an application to have the Property deposited with the United
States  District  Court  for the  Southern  District  of New York and upon  such
deposit, the Trustee shall be immune from any liability whatsoever;

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

            (c)   On such  date  after , 2007  when  the  Trustee  deposits  the
Property with the United States District Court for the Southern  District of New
York in the event  that,  prior to such date,  the  Trustee  has not  received a
Termination Letter from the Company pursuant to paragraph 1(i).

      5.    Miscellaneous.

                                       3
<PAGE>

            (a)   The Company and the Trustee each  acknowledge that the Trustee
will  follow the  security  procedures  set forth  below  with  respect to funds
transferred from the Trust Account.  Upon receipt of written  instructions,  the
Trustee will confirm  such  instructions  with an  Authorized  Individual  at an
Authorized  Telephone  Number listed on the attached  Exhibit C. The Company and
the Trustee will each restrict  access to confidential  information  relating to
such security procedures to authorized persons. Each party must notify the other
party  immediately  if it has reason to believe  unauthorized  persons  may have
obtained  access  to  such  information,  or of any  change  in  its  authorized
personnel.  In  executing  funds  transfers,  the Trustee will rely upon account
numbers or other  identifying  numbers of a beneficiary,  beneficiary's  bank or
intermediary  bank,  rather than names.  The Trustee shall not be liable for any
loss,  liability  or expense  resulting  from any error in an account  number or
other  identifying  number,  provided it has accurately  transmitted the numbers
provided.

            (b)   This Agreement shall be governed by and construed and enforced
in accordance  with the laws of the State of New York,  without giving effect to
conflict of laws. It may be executed in several counterparts,  each one of which
shall constitute an original, and together shall constitute but one instrument.

            (c)   This Agreement contains the entire agreement and understanding
of the parties hereto with respect to the subject matter hereof.  This Agreement
or any  provision  hereof may only be changed,  amended or modified by a writing
signed by each of the parties hereto;  provided,  however,  that no such change,
amendment  or  modification  may be made  without the prior  written  consent of
Casimir.  As to any claim,  cross-claim or  counterclaim  in any way relating to
this Agreement, each party waives the right to trial by jury.

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

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

                  If to the Trustee, to:

                           Continental Stock Transfer
                           & Trust Company
                           17 Battery Place
                           New York, New York 10004
                           Attn:  Steven G. Nelson
                           Fax No.:  (212) 509-5150

                  If to the Company, to:

                           Platinum Energy Resources, Inc.
                           152 West 57th Street, 54th Floor
                           New York, New York 10019

                           Attn:  Chief Executive Officer
                           Fax No.:

                  in either case with a copy to:

                           Casimir Capital LP
                           489 Fifth Avenue
                           New York, New York 10017
                           Attn: Richard Sands, Chief Executive Officer
                           Fax No.:

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

                                       4
<PAGE>

            (g)   Each of the Trustee and the Company hereby  represents that it
has the full  right and power and has been duly  authorized  to enter  into this
Agreement and to perform its respective  obligations as contemplated  hereunder.
The Trustee acknowledges and agrees that it shall not make any claims or proceed
against  the  Trust  Account,  including  by way of  set-off,  and  shall not be
entitled to any funds in the Trust Account under any circumstance.

                                       5
<PAGE>

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

                                                 CONTINENTAL STOCK TRANSFER
                                                 & TRUST COMPANY, as Trustee

                                                 By:
                                                    ----------------------------
                                                    Name:
                                                    Title:

                                                 PLATINUM ENERGY RESOURCES, INC.

                                                 By:
                                                   -----------------------------
                                                   Name:
                                                   Title:

                                       6
<PAGE>

                                                                       EXHIBIT A

                             [Letterhead of Company]

                                  [Insert date]

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

Re:  Trust Account No.      Termination Letter

Gentlemen:

      Pursuant to paragraph 1(i) of the Investment  Management  Trust  Agreement
between  Platinum Energy  Resources,  Inc.  ("Company")  and  Continental  Stock
Transfer & Trust Company  ("Trustee"),  dated as of  ____________ , 2005 ("Trust
Agreement"),  this is to  advise  you  that  the  Company  has  entered  into an
agreement  ("Business  Agreement")  with  ("Target  Business")  to  consummate a
business  combination with Target Business ("Business  Combination") on or about
[insert date].  The Company shall notify you at least 48 hours in advance of the
actual  date of the  consummation  of the  Business  Combination  ("Consummation
Date").

      In accordance with the terms of the Trust  Agreement,  we hereby authorize
you to commence  liquidation  of the Trust  Account to the effect  that,  on the
Consummation  Date,  all of funds held in the Trust Account will be  immediately
available  for transfer to the account or accounts that the Company shall direct
on the Consummation Date.

      On the Consummation  Date (i) counsel for the Company shall deliver to you
written  notification that (a) the Business Combination has been consummated and
(b) the  provisions  of Section  11-51-302(6)  and Rule  51-3.4 of the  Colorado
Statute  have  been met,  and (ii) the  Company  shall  deliver  to you  written
instructions with respect to the transfer of the funds held in the Trust Account
("Instruction  Letter").  You are hereby directed and authorized to transfer the
funds held in the Trust Account  immediately  upon your receipt of the counsel's
letter  and  the  Instruction  Letter,  in  accordance  with  the  terms  of the
Instruction Letter. In the event that certain deposits held in the Trust Account
may not be liquidated by the Consummation Date without penalty,  you will notify
the  Company of the same and the  Company  shall  direct you as to whether  such
funds should remain in the Trust Account and distributed  after the Consummation
Date to the Company. Upon the distribution of all the funds in the Trust Account
pursuant to the terms hereof, the Trust Agreement shall be terminated.

      In the event  that the  Business  Combination  is not  consummated  on the
Consummation  Date  described in the notice thereof and we have not notified you
on or before the original Consummation Date of a new Consummation Date, then the
funds held in the Trust  Account  shall be  reinvested  as provided in the Trust
Agreement on the business day immediately following the Consummation Date as set
forth in the notice.

                                                 Very truly yours,

                                                 PLATINUM ENERGY RESOURCES, INC.

                                                 By:
                                                   -----------------------------

                                                 By:
                                                   -----------------------------

                                      A-1

<PAGE>

                                                                       EXHIBIT B

                             [Letterhead of Company]

                                  [Insert date]

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

Re:  Trust Account No.      Termination Letter

Gentlemen:

      Pursuant to paragraph 1(i) of the Investment  Management  Trust  Agreement
between  Platinum Energy  Resources,  Inc.  ("Company")  and  Continental  Stock
Transfer & Trust Company  ("Trustee"),  dated as of , 2005 ("Trust  Agreement"),
this is to advise  you that the  Company  has been  unable to effect a  Business
Combination  with a Target  Company  within  the  time  frame  specified  in the
Company's prospectus relating to its IPO.

      In accordance with the terms of the Trust Agreement, we hereby (a) certify
to you that the  provisions  of  Section  11-51-302(6)  and Rule  51-3.4  of the
Colorado Statute have been met and (b) authorize you, to commence liquidation of
the Trust  Account.  You will  notify the  Company  and  JPMorgan  Chase NY Bank
("Designated  Paying Agent") in writing as to when all of the funds in the Trust
Account  will  be  available  for  immediate  transfer  ("Transfer  Date").  The
Designated  Paying  Agent  shall  thereafter  notify  you as to the  account  or
accounts  of the  Designated  Paying  Agent that the funds in the Trust  Account
should be  transferred  to on the Transfer  Date so that the  Designated  Paying
Agent may commence  distribution  of such funds in accordance with the Company's
instructions.  You shall have no  obligation  to oversee the  Designated  Paying
Agent's  distribution  of the funds.  Upon the payment to the Designated  Paying
Agent of all the  funds in the  Trust  Account,  the  Trust  Agreement  shall be
terminated.

                                                 Very truly yours,

                                                 PLATINUM ENERGY RESOURCES, INC.

                                                 By:
                                                   -----------------------------

                                                 By:
                                                   -----------------------------

                                      B-1

<PAGE>

                                    EXHIBIT C

AUTHORIZED INDIVIDUAL(S)                                   AUTHORIZED
FOR TELEPHONE CALL BACK                               TELEPHONE NUMBER(S)
----------------------------------               -------------------------------

Company:

Platinum Energy Resources, Inc.
152 West 57th Street, 54th Floor
New York, New York 10017
Attn:  Chief Executive Officer                   [Telephone]

Trustee:

Continental Stock Transfer
  & Trust Company
17 Battery Place
New York, New York 10004
Attn:  Steven G. Nelson, Chairman                [Telephone]

                                      C-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00086-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00086-of-00352.parquet"}]]