Office Space and Support Services Agreement between Paramount Acquisition Corp. and Paramount BioCapital Asset Management, Inc.
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Summary
Paramount Acquisition Corp. agrees to pay Paramount BioCapital Asset Management, Inc. $7,500 per month for office space, utilities, and secretarial support at 787 7th Avenue, New York, starting from the effective date of Paramount Acquisition Corp.'s IPO registration statement. This arrangement continues until Paramount Acquisition Corp. either completes a business combination or is liquidated, as described in its IPO prospectus.
EX-10.10 25 file021.htm FORM OF LETTER AGREEMENT
PARAMOUNT ACQUISITION CORP. ___________, 2005 Paramount BioCapital Asset Management, Inc. 787 7th Avenue 48th Floor New York, New York 10019 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 Paramount Acquisition Corp. ("PAC") and continuing until the earlier of the consummation by PAC of a "Business Combination" or PAC's liquidation (as described in PAC's IPO prospectus) (the "Termination Date"), Paramount BioCapital Asset Management, Inc. shall make available to PAC certain office space, utilities and secretarial support as may be required by PAC from time to time, situated at 787 7th Avenue, 48th Floor, New York, New York 10019. In exchange therefor, PAC shall pay Paramount BioCapital Asset Management, Inc. the sum of $7,500 per month on the Effective Date and continuing monthly thereafter until the Termination Date. Very truly yours, PARAMOUNT ACQUISITION CORP. By: ------------------------------ Name: J. Jay Lobell Title: Chief Executive Officer AGREED TO AND ACCEPTED BY: PARAMOUNT BIOCAPITAL ASSET MANAGEMENT, INC. By: ------------------------- Name: Title:
