Administrative Services Agreement between Pharmamatrix Acquisition Corporation and Pharmamatrix, Inc. dated May 18, 2005

Summary

Pharmamatrix Acquisition Corporation and Pharmamatrix, Inc. have agreed that, starting from the effective date of Pharmamatrix Acquisition Corporation’s IPO registration statement and continuing until the company completes a business combination, Pharmamatrix, Inc. will provide administrative, technology, secretarial services, and limited office space in South Florida. In return, Pharmamatrix Acquisition Corporation will pay Pharmamatrix, Inc. $7,500 per month for these services.

EX-10.4 11 c37728_ex10-4.txt Exhibit 10.4 PHARMAMATRIX ACQUISITION CORPORATION May 18, 2005 Pharmamatrix, Inc. 934 S. Southlake Drive Hollywood, Florida 33019 Gentlemen: This letter will confirm our agreement, that commencing on the effective date ("Effective Date") of the registration statement of the initial public offering ("IPO") of the securities of Pharmamatrix Acquisition Corporation ("Company") and continuing until the consummation by the Company of a "Business Combination" (as described in the Company's IPO prospectus), Pharmamatrix, Inc. ("Pharmamatrix") shall make available to the Company certain administrative, technology and secretarial services, as well as the use of certain limited office space, including a conference room, in the South Florida area as may be required by the Company from time to time, situated at 934 S. Southlake Drive, Hollywood, Florida 33019 (or any successor location). In exchange therefor, the Company shall pay to Pharmamatrix the sum of $7,500 per month (the "Fee") on the Effective Date and continuing monthly thereafter. Very truly yours, PHARMAMATRIX ACQUISITION CORPORATION By: /s/ HAROLD S. BLUE -------------------------- Name: Harold S. Blue Title: Chief Financial Officer AGREED TO AND ACCEPTED BY: PHARMAMATRIX , INC. By: /s/ NORMAN M. MEIER --------------------------------- Name: Norman M. Meier Title: Chief Executive Officer