Office and Secretarial Services Agreement between Services Acquisition Corp. International and Mercantile Companies, Inc.

Summary

Services Acquisition Corp. International (SACI) and Mercantile Companies, Inc. have agreed that Mercantile will provide office space and secretarial services to SACI at a specified address. SACI will pay Mercantile $2,625 per month for these services, starting from the effective date of SACI's IPO registration statement and continuing until SACI either completes a business combination or is liquidated. The agreement outlines the basic terms of service provision and payment between the two companies.

EX-10.16 17 a2154750zex-10_16.htm EXHIBIT 10.16

Exhibit 10.16

 

 

SERVICES ACQUISITION CORP. INTERNATIONAL

401 East Olas Boulevard, Suite 1140

Fort Lauderdale, FL 33301

 

 

 

 

 

March 29, 2005

 

 

Mercantile Companies, Inc.

1372 Shermer Road

Northbrook, IL 60062

 

 

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 SACI’s liquidation (as described in SACI’s 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,

 

 

 

 

 

SERVICES ACQUISITION CORP. INTERNATIONAL

 

 

 

 

 

 

 

By:

/s/ Thomas E. Aucamp

 

 

Name:  Thomas E. Aucamp

 

Title:    Vice President

 

 

 

 

 

AGREED TO AND ACCEPTED BY:

 

 

 

MERCANTILE COMPANIES, INC.

 

 

 

 

 

By:

/s/ I. Steven Edelson

 

 

Name: I. Steven Edelson

 

Title: President