EX-10.5 FOUNDERS' UNITS SUBSCRIPTION AGREEMENT

Exhibit 10.5

FOUNDERS’ UNITS SUBSCRIPTION AGREEMENT

TO THE BOARD OF DIRECTORS OF
FREEDOM ACQUISITION HOLDINGS, INC.:

     William P. Lauder hereby subscribes for FORTY THOUSAND (40,000) units (“Units”) of Freedom Acquisition Holdings, Inc., a Delaware corporation (the “Corporation”) for an aggregate purchase price of ONE HUNDRED AND SIX DOLLARS AND 66/100 ($106.66), the receipt and sufficiency of which is hereby acknowledged. Each Unit shall consist of (i) one (1) share of the Corporation’s common stock, par value $0.0001 per share (the “Common Stock”) and (ii) one (1) warrant to purchase one share of Common Stock of the Corporation at $6.00 per share (each, a “Warrant”). Upon receipt by the Corporation of said consideration on this date, the Corporation shall issue to the undersigned a stock and warrant certificate or certificates (or, if not certificated, provide documentation reflecting the registration in the name of the undersigned on the stock and warrant ledgers of the Corporation) representing such fully paid and non-assessable shares of Common Stock and Warrants of the Corporation. The subscription will represent four-tenths of one percent (0.4%) of the total number of outstanding shares of Common Stock and Warrants of the Corporation. Following such issuance of shares of Common Stock and Warrants of the Corporation, the capitalization of the Corporation shall be as set forth on Schedule A hereto.

[Signature Page to Follow]

Dated: July 20, 2006
		By:		/S/ WILLIAM P. LAUDER
		Name:		William P. Lauder
Accepted and Agreed on this 20th day of July 2006:
FREEDOM ACQUISITION HOLDINGS, INC.

By:		/S/ NICOLAS BERGGRUEN
Name:		Nicolas Berggruen
Title:		President

SCHEDULE A

Capitalization of Freedom Acquisition Holdings, Inc.

						Number of				Number of				Percentage
Stockholder		Number of Units				Shares				Warrants				Ownership
Berggruen Holdings North America Ltd.			4,627,500				4,627,500				4,627,500				49.4	%
Marlin Equities II, LLC			4,627,500				4,627,500				4,627,500				49.4	%
Herbert A. Morey			40,000				40,000				40,000				0.4	%
William P. Lauder			40,000				40,000				40,000				0.4	%
James N. Hauslein			40,000				40,000				40,000				0.4	%
Total			9,375,000				9,375,000				9,375,000				100	%