SERVICESACQUISITION CORP. INTERNATIONAL 401East Olas Boulevard, Suite 1140 FortLauderdale, FL 33301 March 29, 2005 Mercantile Companies, Inc. 1372 Shermer Road Northbrook, IL 60062 Gentlemen:

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