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81bob

07/14/12 11:50 AM

#255 RE: ErnieBilco #252

HACII warrants will expire worthless.

If HACII is unable to complete an initial business combination within the prescribed time frame, HACII Public Stockholders may receive less than $10.00 per Public Share on its redemption, and the HACII warrants will expire worthless.

HACII has until July 14, 2012 (or September 14, 2012, in the event that the Amendment Proposal is approved), to consummate its initial business combination. If HACII fails to consummate an initial business combination during such time frame, it will cease all operations except for the purpose of winding up, redeem the Public Shares, and dissolve and liquidate.

Furthermore, HACII’s warrants are not entitled to participate in a liquidating distribution and the warrants will therefore expire worthless if HACII liquidates before completing the Transaction.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8696603