Office Space and Administrative Services Agreement between Churchill Ventures Ltd. and Churchill Capital Partners LLC
Churchill Ventures Ltd. and Churchill Capital Partners LLC have agreed that, starting June 1, 2006, Churchill Capital Partners will provide office space and administrative services to Churchill Ventures at a specified address in Scarborough, New York. Churchill Ventures will pay $7,500 per month for these services. The monthly payments will continue until Churchill Ventures either completes its first business combination or is dissolved, whichever comes first.
EXHIBIT 10.9
CHURCHILL VENTURES LTD.
July 6, 2006
Churchill Capital Partners LLC
50 Revolutionary Road
Scarborough, New York 10510
Ladies and Gentlemen:
This letter will confirm our agreement that commencing on June 1, 2006 Churchill Capital Partners LLC (“CP”) shall make available to Churchill Ventures Ltd. (“CVL”) certain office space and general and administrative services as may be required by CVL, situated at 50 Revolutionary Road, Scarborough, New York, 10510. In exchange therefore, CVL shall pay CP the sum of $7,500 per month. CVL will pay CP the $7,500 monthly fee each month until the earlier of (i) the completion of CVL’s initial business combination and (ii) CVL’s dissolution.
| Very truly yours, | ||
| CHURCHILL VENTURES LTD. | ||
| By: | /s/Christopher Bogart | |
| Name: Christopher Bogart | ||
| Title: Chief Executive Officer | ||
AGREED TO AND ACCEPTED BY:
CHURCHILL CAPITAL PARTNERS, LLC
By: /s/Elizabth O’Connell
Name: Elizabeth O’Connell
Title: Chief Financial Officer
