Administrative Services Agreement between Ascend Acquisition Corp. and 400 Building LLC
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Summary
Ascend Acquisition Corp. (AAC) and 400 Building LLC agree that, starting from AAC's IPO effective date until AAC completes a business combination or is liquidated, 400 Building LLC will provide AAC with office space, utilities, and secretarial support at a specified address in Wayne, Pennsylvania. In return, AAC will pay 400 Building LLC $7,500 per month until the agreement ends. The agreement is signed by both parties' representatives.
EX-10.7 21 file018.htm ADMINISTRATIVE SERVICES AGREEMENT
ASCEND ACQUISITION CORP. _____________ ___, 2006 400 Building LLC 435 Devon Park Drive, Building 400 Wayne, Pennsylvania 19087 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 Ascend Acquisition Corp. ("AAC") and continuing until the earlier of the consummation by AAC of a "Business Combination" or AAC's liquidation (as described in AAC's IPO prospectus) (the "Termination Date"), 400 Building LLC shall make available to AAC certain office space, utilities and secretarial support as may be required by AAC from time to time, situated at 435 Devon Park Drive, Building 400, Wayne, Pennsylvania 19087. In exchange therefor, AAC shall pay 400 Building LLC the sum of $7,500 per month on the Effective Date and continuing monthly thereafter until the Termination Date. Very truly yours, ASCEND ACQUISITION CORP. By: ----------------------------------- Name: Don K. Rice Title: Chief Executive Officer AGREED TO AND ACCEPTED BY: 400 BUILDING LLC By: ------------------------------- Name: Title:
