Exhibit 10.8
THIS TRUST
INDEMNIFICATION AGREEMENT (this “ Agreement
”), dated as of October 24, 2011, is made and entered into by
and among Committed Capital Acquisition Corporation, a Delaware
corporation (the “ Company ”), Broadband
Capital Management LLC (“ Broadband ”)
and Michael Rapoport (a/k/a Michael Rapp) (“
Rapp ”).
RECITALS
WHEREAS , the Company is engaged in an initial public
offering (the “ Offering ”) pursuant to
which the Company will issue and deliver up to 5,750,000 unit (the
“ Units ”) (including up to 750,000 Units
subject to an over-allotment option granted to the underwriters of
the Offering), with each Unit comprised of one share of the common
stock, par value $0.0001 per share (the “ Common
Stock ”), of the Company and one warrant to purchase
one share of Common Stock for $5.00 per share, subject to
adjustment (each, a “ Warrant ,” and
collectively, the “ Warrants ”);
and
WHEREAS , the Company has filed with the Securities and
Exchange Commission a registration statement on Form S-1,
No. 333-174599 (the “ Registration
Statement ”) for the registration, under the
Securities Act of 1933, as amended (the “ Securities
Act ”), of the Units, the Warrants and Common Stock
included in the Units, and a related prospectus (the “
Prospectus ”); and
WHEREAS , the gross proceeds of the Offering will be
deposited in a trust account (the “ Trust
Account ”) at J.P. Morgan Chase Bank, N.A. and
managed by Continental Stock Transfer & Trust Company, as
trustee, as described in the Registration Statement and the
Prospectus; and
WHEREAS , Broadband and Rapp desire to enter into this
Agreement in order to facilitate the Offering and the other
transactions contemplated in the Registration Statement and the
Prospectus, including any merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or other similar
business combination by the Company with one or more businesses (a
“ Business Transaction ”).
NOW ,
THEREFORE , in consideration of the representations,
covenants and agreements contained herein, and certain other good
and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties he

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