Office and Secretarial Services Agreement between Terra Nova Acquisition Corporation and TerraNova Management Corp.

Summary

Terra Nova Acquisition Corporation (TNAC) agrees to pay TerraNova Management Corp. $7,500 per month for office space and secretarial services at a specified Toronto address. This arrangement begins on the effective date of TNAC’s IPO registration statement and continues until TNAC either completes a business combination or is liquidated, whichever comes first. The agreement outlines the basic service and payment terms between the two parties during this period.

EX-10.15 29 file026.htm LETTER AGREEMENT
  TERRA NOVA ACQUISITION CORPORATION ______________, 2005 TerraNova Management Corp. 2 Bloor Street West, Suite 3400 Toronto, Ontario, Canada M4W 3E2 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 Terra Nova Acquisition Corporation ("TNAC") and continuing until (the "Termination Date") the earlier of the consummation by TNAC of a "Business Combination" or TNAC's liquidation (as described in TNAC's IPO prospectus), TerraNova Management Corp. shall make available to TNAC certain office and secretarial services as may be required by TNAC from time to time, situated at 2 Bloor Street West, Suite 3400, Toronto, Ontario, Canada M4W 3E2. In exchange therefore, TNAC shall pay TerraNova Management Corp. the sum of US$7,500 per month on the Effective Date and continuing monthly thereafter until the Termination Date. Very truly yours, TERRA NOVA ACQUISITION CORPORATION By: -------------------------------- Name: Vahan Kololian Title: AGREED TO AND ACCEPTED BY: TERRANOVA MANAGEMENT CORP. By: ------------------------------ Name: Title: