BOULDER SPECIALTY BRANDS, INC. 6106 Sunrise Ranch Drive Longmont, Colorado 80503
Exhibit 10.17
BOULDER SPECIALTY BRANDS, INC.
6106 Sunrise Ranch Drive
Longmont, Colorado 80503
June 22, 2005
Hughes Consulting, Inc.
6106 Sunrise Ranch Drive
Longmont, Colorado 80503
Jeltex Holdings, LLC
10700 East Geddes Avenue, Suite 180
Centennial, Colorado 80112
Gentlemen:
This letter will confirm the agreement by and among Boulder Specialty Brands, Inc., a Delaware corporation (the Company), Hughes Consulting, Inc. (HCI) and Jeltex Holdings, LLC (JHL; HCI and JHL are hereinafter collectively referred to as the Management Companies) that, commencing on the effective date (Effective Date) of the initial public offering (IPO) of the Companys securities and continuing until the earlier of (i) the consummation by the Company of a Business Combination, or (ii) the Companys liquidation as described in the Companys definitive prospectus relating to the IPO (hereinafter, the earlier of such dates is referred to as the Termination Date), the Management Companies shall jointly make available to the Company certain office space, administrative services and secretarial services as may be required by the Company from time to time, at HCIs primary offices situated at 6106 Sunrise Ranch Drive, Longmont, Colorado 80503, and at the offices of JHL at 10700 East Geddes Avenue, Suite 180, Centennial, Colorado 80112, or at such successor facilities as shall be suitable to meet the Companys needs and as the Management Companies may elect to provide in lieu of the foregoing offices. In exchange therefore, the Company shall pay the Management Companies a combined sum of $10,000 per month on the Effective Date and continuing monthly thereafter until the Termination Date.
Very truly yours, | ||
BOULDER SPECIALTY BRANDS, INC. | ||
By: | /s/ James E. Lewis | |
Name: | James E. Lewis | |
Title: | Vice Chairman |
AGREED TO AND ACCEPTED BY: | ||
HUGHES CONSULTING, INC. | ||
By: | /s/ Stephen B. Hughes | |
Name: Stephen B. Hughes | ||
Title: Chief Executive Officer |
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JELTEX HOLDINGS, LLC | ||
By: | /s/ James E. Lewis | |
Name: James E. Lewis | ||
Title: Chief Executive Officer |
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