Office and Secretarial Services Agreement between KBL Healthcare Acquisition Corp. III and KBL Healthcare Management, Inc.
KBL Healthcare Acquisition Corp. III and KBL Healthcare Management, Inc. have agreed that, starting from the effective date of KBL's initial public offering and continuing until KBL completes its first business combination or is liquidated, KBL Healthcare Management, Inc. will provide office space and secretarial services to KBL at a specified New York address. In return, KBL will pay $10,000 per month for these services. The agreement ends when KBL either completes a business combination or is liquidated.
Exhibit 10.15
KBL HEALTHCARE ACQUISITION CORP. III
, 2007
KBL Healthcare Management, Inc.
757 Third Avenue, 21st Floor
New York, New York 10017
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 KBL Healthcare Acquisition Corp. III (“KBL”) and continuing until the earlier of the consummation by KBL of its initial “Business Combination” (as described in KBL’s IPO prospectus) and the liquidation of KBL, KBL Healthcare Management, Inc. shall make available to KBL certain office and secretarial services as may be required by KBL from time to time, situated at 757 Third Avenue, 21st Floor, New York, New York 10017. In exchange therefor, KBL shall pay KBL Healthcare Management, Inc. the sum of $10,000 per month on the Effective Date and continuing monthly thereafter.
| Very truly yours, | ||
| KBL HEALTHCARE ACQUISITION CORP. III | ||
| By: | ||
| Name: Title: | ||
| AGREED TO AND ACCEPTED BY: | ||
| KBL HEALTHCARE MANAGEMENT, INC. | ||
| By: | ||
| Name: Title: | ||
