Administrative Services Agreement between HCM Acquisition Company and Highland Capital Management, L.P.

Contract Categories: Business Operations › Services Agreements
Summary

HCM Acquisition Company and Highland Capital Management, L.P. have agreed that, starting from the effective date of HCM's IPO registration statement and continuing until either a business combination is completed or the trust account is distributed to public stockholders, Highland Capital Management will provide office space, utilities, and administrative support to HCM. In return, HCM will pay Highland Capital Management $10,000 per month for these services. The agreement ends upon the earlier of a business combination or trust account distribution.

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EX-10.11 5 d50370exv10w11.htm ADMINISTRATIVE SERVICES LETTER AGREEMENT exv10w11  

Exhibit 10.11
HCM ACQUISITION COMPANY
October 3, 2007
Highland Capital Management, L.P.
NexBank Tower
13455 Noel Road, Suite 800
Dallas, TX 75240
Dear Sir:
             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 HCM Acquisition Company (“Company”) and continuing until the consummation by the Company of a business combination (as described in the Company’s IPO prospectus) or the distribution of the trust account (as described in the Company’s IPO prospectus) to the Company’s public stockholders, Highland Capital Management, L.P. or its affiliates shall make available to the Company certain general and administrative services including utilities and administrative support, as well as the use of certain limited office space, as may be required by the Company from time to time, initially situated at 13455 Noel Road, Suite 800, Dallas, TX 75240 (or any successor location). In exchange therefor, the Company shall pay Highland Capital Management, L.P., or its affiliates, the sum of $10,000 per month beginning on the Effective Date and continuing monthly thereafter until the consummation by the Company of a business combination or the distribution of the trust account to the Company’s public stockholders.
             
    Very truly yours,    
 
            
    HCM ACQUISITION COMPANY    
 
            
 
  By:   /s/ Thomas J. Surgent
 
Name: Thomas J. Surgent 		   
 
      Title: Secretary    
 
            
    AGREED TO AND ACCEPTED BY:    
 
            
    HIGHLAND CAPITAL MANAGEMENT, L.P.    
 
      By: Strand Advisors, Inc.,
          its general partner		    
 
            
 
  By:   /s/ Michael Colvin
 
Name: Michael Colvin 		   
 
      Title: Secretary