Office Space and Support Services Agreement between Coconut Palm Acquisition Corp. and Royal Palm Capital Management, LLLP
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Summary
Coconut Palm Acquisition Corp. (CPAC) agrees to pay Royal Palm Capital Management, LLLP $7,500 per month for office space, utilities, and secretarial support at a specified Boca Raton address. This arrangement begins on the effective date of CPAC’s IPO registration statement and continues until CPAC either completes a business combination or is liquidated, whichever comes first.
EX-10.12 25 c37539_ex10-12.txt Ex 10.12 COCONUT PALM ACQUISITION CORP. ______________, 2005 Royal Palm Capital Management, LLLP 595 South Federal Highway Suite 600 Boca Raton, Florida 33432 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 Coconut Palm Acquisition Corp. ("CPAC") and continuing until the earlier of the consummation by CPAC of a "Business Combination" or CPAC's liquidation (as described in CPAC's IPO prospectus) (the "Termination Date"), Royal Palm Capital Management, LLLP shall make available to CPAC certain office space, utilities and secretarial support as may be required by CPAC from time to time, situated at 595 South Federal Highway, Suite 600, Boca Raton, Florida 33432. In exchange therefore, CPAC shall pay Royal Palm Capital Management, LLLP the sum of $7,500 per month on the Effective Date and continuing monthly thereafter until the Termination Date. Very truly yours, COCONUT PALM ACQUISITION CORP. By: ________________________________ Name: Richard C. Rochon Title: Chief Executive Officer AGREED TO AND ACCEPTED BY: ROYAL PALM CAPITAL MANAGEMENT, LLLP By: _____________________________ Name: Title:
