Administrative Support Agreement between Asia Automotive Acquisition Corporation and Asia Development Capital LLC

Summary

Asia Automotive Acquisition Corporation (AAAC) and Asia Development Capital LLC have agreed that, starting from AAAC's IPO and continuing until either a business combination is completed or AAAC is liquidated, Asia Development Capital LLC will provide AAAC with office space, administrative services, and support at various international locations. In return, AAAC will pay $7,500 per month for these services. The agreement ends upon a business combination or liquidation of AAAC.

EX-10.7 21 k97355exv10w7.txt FORM OF LETTER AGREEMENT BETWEEN ASIA DEVELOPMENT CAPITAL LLC AND THE REGISTRANT REGARDING ADMINISTRATIVE SUPPORT EXHIBIT 10.7 ASIA AUTOMOTIVE ACQUISITION CORPORATION ______________, 2005 Asia Automotive Acquisition Corporation 401 South Old Woodward, Suite 450 Birmingham, Michigan 48009 Gentlemen: 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 Asia Automotive Acquisition Corporation ("AAAC") and continuing until the earlier of the consummation by the Company of a "Business Combination" or AAAC's liquidation (as described in AAAC's IPO prospectus) (the "Termination Date"), Asia Development Capital LLC shall make available to AAAC certain general and administrative services, due diligence and global customer contact services, including office space, personnel, travel expenses, utilities and secretarial support as may be required by AAAC from time to time, situated at Asia Development Capital, LLC's offices in: - Hong Kong and Beijing, China; - Delhi, India; - Bangkok, Thailand; - Taipei, Taiwan; and - Birmingham, Michigan. In exchange therefor, AAAC shall pay Asia Development Capital LLC the sum of $7,500 per month on the Effective Date and continuing monthly thereafter until the Termination Date. Very truly yours, ASIA AUTOMOTIVE ACQUISITION CORPORATION By: ________________________________ Name: David J. Brophy Title: Chief Financial Officer AGREED TO AND ACCEPTED BY: ASIA DEVELOPMENT CAPITAL LLC By: __________________________ Name: Rudy Wilson Title: Managing Partner