SUBSCRIPTION AGREEMENT

Exhibit 10.5

SUBSCRIPTION AGREEMENT

TO THE BOARD OF DIRECTORS OF
LIBERTY ACQUISITION HOLDINGS CORP.:

     Xxxxxx Xxxxxxxx hereby subscribes for NINETY-TWO THOUSAND (92,000) units (“Units”) of Liberty Acquisition Holdings Corp., a Delaware corporation (the “Corporation”) for an aggregate purchase price of ONE HUNDRED 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 half (1/2) of one warrant (a “Warrant”), each whole Warrant entitling the holder thereof to purchase one share of Common Stock of the Corporation at $7.00 per share. 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 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. The undersigned acknowledges that certain Units subscribed hereto shall be placed in escrow pursuant to an escrow agreement among the undersigned, Continental Stock Transfer & Trust Company and others until the earlier of the time that the underwriters’ over-allotment option in connection with the contemplated initial public offering of the Company is exercised or expires. In addition, the undersigned acknowledges that the Units are subject to certain restrictions on transfer as set forth in a letter agreement, dated the date hereof, as may be amended from time to time.

[Signature Page to Follow]

Dated: August 9, 2007

By:	/s/ Xxxxxx Xxxxxxxx
		Name:	Xxxxxx Xxxxxxxx

Accepted and Agreed on this 9^th day of August 2007:

LIBERTY ACQUISITION HOLDINGS CORP.
By:	/s/ Xxxxxxx Xxxxxxxxx
	Name:	Xxxxxxx Xxxxxxxxx
	Title:	President

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SCHEDULE A

Capitalization of Liberty Acquisition Holdings Corp.

Stockholder		Number of Units				Number of Shares				Number of Warrants				Percentage Ownership
Berggruen Freedom Holdings, Ltd.			10,643,250				10,643,250				5,321,625				49.4	%
Xxxxxx Equities II, LLC			10,643,250				10,643,250				5,321,625				49.4	%
Xxxx X. Xxxxxxxx			92,000				92,000				46,000				0.4	%
Xxxxxx Xxxxxxxx			92,000				92,000				46,000				0.4	%
Xxxxx X. Xxxxxxxx			92,000				92,000				46,000				0.4	%
Total			21,562,500				21,562,500				10,781,250				100	%

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