Administrative Services Agreement between International Brands Management Group Ltd. and DC Management Group LLC
International Brands Management Group Ltd. and DC Management Group LLC have agreed that, starting from the effective date of the company's IPO registration statement and continuing until either a business combination is completed or the company is liquidated, DC Management Group LLC will provide office space and administrative services to the company at a specified New York address. In return, the company will pay DC Management Group LLC $10,000 on the effective date and on the first day of each month until the agreement ends.
INTERNATIONAL BRANDS MANAGEMENT GROUP LTD.
_____________, 2008
DC Management Group LLC
25 East 22nd Street
New York, NY 10010
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 International Brands Management Group Ltd. (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”), DC Management Group LLC shall make available to the Company certain office and administrative services as may be required by the Company from time to time, situated at 25 East 22nd Street, New York, NY 10010. In exchange therefor, the Company shall pay DC Management Group LLC the sum of $10,000 on the Effective Date and the first day of each month thereafter until the Termination Date.
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| INTERNATIONAL BRANDS MANAGEMENT GROUP LTD. | |
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| DC MANAGEMENT GROUP LLC |
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