SERVICESACQUISITION CORP. INTERNATIONAL 401East Olas Boulevard, Suite 1140 FortLauderdale, FL 33301 March 29, 2005 Mercantile Companies, Inc. 1372 Shermer Road Northbrook, IL 60062 Gentlemen:
Exhibit 10.16
SERVICES ACQUISITION CORP. INTERNATIONAL
401 East Olas Boulevard, Suite 1140
Fort Lauderdale, FL 33301
| March 29, 2005 |
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Mercantile Companies, Inc. | |
1372 Shermer Road | |
Northbrook, IL 60062 | |
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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 Services Acquisition Corp. International (SACI) and continuing until (the Termination Date) the earlier of the consummation by SACI of a Business Combination or SACIs liquidation (as described in SACIs IPO prospectus), Mercantile Companies, Inc. shall make available to SACI certain office and secretarial services as may be required by SACI from time to time, situated at 1372 Shermer Road, Northbrook, IL 60062. In exchange therefor, SACI shall pay Mercantile Companies, Inc. the sum of $2,625 per month on the Effective Date and continuing monthly thereafter until the Termination Date.
| Very truly yours, | ||||
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| SERVICES ACQUISITION CORP. INTERNATIONAL | ||||
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| By: | /s/ Thomas E. Aucamp |
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| Name: Thomas E. Aucamp | ||||
| Title: Vice President | ||||
AGREED TO AND ACCEPTED BY: |
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MERCANTILE COMPANIES, INC. |
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By: | /s/ I. Steven Edelson |
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Name: I. Steven Edelson |
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Title: President |
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