Office and Administrative Services Agreement between Israel Growth Partners Acquisition Corp. and Mercator Research Ltd.
Israel Growth Partners Acquisition Corp. and Mercator Research Ltd. have agreed that Mercator will provide office space and administrative services to the Company at a specified address in Tel-Aviv. In return, the Company will pay Mercator $7,500 per month, starting from the effective date of the Company's IPO registration statement and continuing until the Company either completes a business combination or is liquidated. This agreement outlines the basic terms for the provision and payment of these services.
Exhibit 10.11
ISRAEL GROWTH PARTNERS ACQUISITION CORP.
, 2005
Mercator Research Ltd.
Ziv Towers, Building D
24 Raoul Wallenberg Street
Tel-Aviv 69719
Israel
Gentlemen:
This letter will confirm our agreement that, commencing on the effective date (“Effective Date”) of the registration statement for the initial public offering of the securities of Israel Growth Partners Acquisition Corp. (“Company”) and continuing until (the “Termination Date”) the earlier of the consummation by the Company of a “Business Combination” or the Company’s liquidation, Mercator Research Ltd. shall make available to the Company certain office and administrative services as may be required by the Company from time to time, situated at Ziv Towers, Building D 24 Raoul Wallenberg St., Tel-Aviv 69719 Israel. In exchange therefore, the Company shall pay Mercator Research Ltd. the sum of $7,500 per month on the Effective Date and continuing monthly thereafter until the Termination Date.
| Very truly yours,
ISRAEL GROWTH PARTNERS ACQUISITION CORP. | ||
| By: | ||
| Name: Dror Gad Title: Chief Financial Officer | ||
| AGREED TO AND ACCEPTED BY:
Mercator Research Ltd. | ||
| By: | ||
| Name: David Silberg Title: | ||
