Administrative Services Agreement between InterAmerican Acquisition Group Inc. and InterAmerican Advisors, LLC (June 2, 2006)

Contract Categories: Business Operations › Administration Agreements
Summary

InterAmerican Acquisition Group Inc. and InterAmerican Advisors, LLC have agreed that, starting from the company's IPO, InterAmerican Advisors will provide office space, utilities, and secretarial support to the company at a specified San Diego address. The company will pay $10,000 per month for these services for up to eighteen months. After that period, the services will be provided free of charge until the company either completes a business combination or is liquidated, whichever comes first.

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EX-10.9 15 file15.htm ADMINISTRATIVE AGREEMENT 
  INTERAMERICAN ACQUISITION GROUP INC. June 2, 2006 InterAmerican Advisors, LLC 2918 Fifth Avenue South, Suite 209 San Diego, California 92103 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 InterAmerican Acquisition Group Inc. (the "Company") and continuing until the earlier of the consummation by the Company of a "Business Combination" or the Company's liquidation (as described in the Company's IPO prospectus) (the "Termination Date"), InterAmerican Advisors, LLC shall make available to the Company certain office space, utilities and secretarial support as may be required by the Company from time to time, situated at 2918 Fifth Avenue South, Suite 209, San Diego, California 92103. In exchange therefor, the Company shall pay InterAmerican Advisors, LLC the sum of $10,000 per month on the Effective Date and continuing monthly thereafter for up to eighteen months. Thereafter, InterAmerican Advisors, LLC will provide administrative support without charge until the Termination Date. Very truly yours, INTERAMERICAN ACQUISITION GROUP INC. By: /s/ William C. Morro ------------------------------------ Name: William C. Morro Title: Chief Executive Officer AGREED TO AND ACCEPTED BY: INTERAMERICAN ADVISORS, LLC By: /s/ William C. Morro --------------------------------- Name: William C. Morro Title: Authorized Signatory