Office Space and Administrative Services Agreement between Granahan McCourt Acquisition Corporation and Granahan McCourt Capital, LLC (July 24, 2006)

Summary

Granahan McCourt Acquisition Corporation (GMC) and Granahan McCourt Capital, LLC (Capital) have agreed that Capital will provide GMC with office space and general administrative services at specified locations. In return, GMC will pay Capital $10,000 per month. This arrangement will continue until GMC completes its first business combination or is dissolved, whichever comes first.

EX-10.9 11 a2172033zex-10_9.txt EXHIBIT 10.9 Exhibit 10.9 GRANAHAN MCCOURT ACQUISITION CORPORATION JULY 24, 2006 Granahan McCourt Capital, LLC 179 Stony Brook Road Hopewell, NJ 08525 Ladies and Gentlemen: This letter will confirm our agreement that commencing on July 1, 2006 Granahan McCourt Capital, LLC ("Capital") shall make available to Granahan McCourt Acquisition Corporation ("GMC") certain office space and general and administrative services as may be required by GMC, situated at 179 Stony Brook Road, Hopewell, NJ 08525, and/or their offices at 167 Stony Brook Road, or any other office space Capital occupies. In exchange therefore, GMC shall pay Capital the sum of $10,000 per month. GMC will pay Capital the $10,000 monthly fee each month until the earlier of (i) the completion of GMC's initial business combination and (ii) GMC's dissolution. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] Very truly yours, GRANAHAN MCCOURT ACQUISITION CORPORATION By: /s/ David C. McCourt -------------------------------------- Name: David C. McCourt Title: President, Chief Executive Officer and Chairman of the Board AGREED AND ACCEPTED GRANAHAN MCCOURT CAPITAL, LLC By: /s/ David C. McCourt --------------------------- Name: David C. McCourt Title: Chief Executive Officer and Chairman