Defendant BPW Is a Blank Check Company — Commonly Referred to as a Special Purpose Acquisition Company or “SPAC Sample Clauses

Defendant BPW is a blank check company — commonly referred to as a special purpose acquisition company or “SPAC — formed on October 12, 2007 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more operating businesses, referred to as an “Initial Business Combination.” If BPW fails to consummate an Initial Business Combination by April 26, 2010 BPW will liquidate and distribute the proceeds held in a trust account to the Company’s public stockholders. BPW is a Delaware corporation and its registered agent for service of process is National Registered Agents, Inc., 160 Greentree Drive, Suite 101, Dover, Delaware 19904.