FORM OF INVESTMENT MANAGEMENT TRUST AGREEMENTInvestment Management Trust Agreement • May 15th, 2007 • Hanover-STC Acquisition Corp. • Blank checks • New York
This Agreement is made as of _____________, 2007 by and between Hanover-STC Acquisition Corp. (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”).
HANOVER-STC ACQUISITION CORP.Hanover-STC Acquisition Corp. • May 15th, 2007 • Blank checks
This letter will confirm our agreement that, commencing on the effective date (“Effective Date”) of the registration statement for the initial public offering (“IPO”) of the securities of Hanover-STC Acquisition Corp. (“HAC”) and continuing until the earlier of (i) the consummation by HAC of a “Business Combination” or (ii) HAC’s liquidation (in each case as described in HAC’s IPO prospectus) (such earlier date hereinafter referred to as the “Termination Date”), Hanover Group US shall make available to HAC certain office space, utilities and secretarial support as may be required by HAC from time to time, located at [___________________] (or any successor location). In exchange therefor, HAC shall pay Hanover Group US the sum of $10,000 per month on the Effective Date and continuing monthly thereafter until the Termination Date. In connection herewith Hanover Group US has executed a waiver substantially in the form of Exhibit [_] to the underwriting agreement executed by HAC in connect
