Administrative Services Agreement between K Road Acquisition Corporation and K Road Acquisition Holdings LLC
K Road Acquisition Corporation and K Road Acquisition Holdings LLC have agreed that, starting from the effective date of the company's IPO registration statement, K Road Acquisition Holdings LLC will provide general and administrative services, such as office and secretarial support, to the company. In return, the company will pay $10,000 per month. This arrangement will continue until the company completes a business combination or dissolves and liquidates its trust account, whichever comes first.
Exhibit 10.10
, 2008
K Road Acquisition Holdings LLC
330 Madison Avenue, 25th Floor
New York, New York 10017
Re: K ROAD ACQUISITION CORPORATION
Gentlemen:
This letter will confirm our agreement, that commencing on the effective date (Effective Date) of the registration statement (Registration Statement) of the initial public offering (IPO) of the securities of K Road Acquisition Corporation (the Company) and continuing until the earlier to occur of: (i) the consummation of a Business Combination (as described in the Registration Statement) and (iii) the date on which we dissolve and liquidate our trust account as part of our plan of dissolution and liquidation pursuant to the Companys Amended and Restated Certificate of Incorporation, K Road Acquisition Holdings LLC shall make available to the Company certain general and administrative services, including but not limited to receptionist, secretarial and general office services. In exchange therefore, the Company shall pay K Road Acquisition Holdings LLC the sum of $10,000 per month on the Effective Date and continuing monthly thereafter.
| Very truly yours, | ||
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| K ROAD ACQUISITION CORPORATION | ||
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| By: |
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| Name: | William V. Kriegel |
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| Title: | Chairman, President and Chief Executive |
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| Officer |
Agreed to and Accepted by:
K ROAD ACQUISITION HOLDINGS LLC
By: |
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| Name: | William V. Kriegel |
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| Title: | Managing Member |
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