Administrative Services Agreement between Rand Acquisition Corporation and ProChannel Management LLC (2004)
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Summary
Rand Acquisition Corporation (RAC) and ProChannel Management LLC agree that, starting from the effective date of RAC’s IPO registration statement and continuing until RAC completes a business combination, ProChannel will provide RAC with office space and secretarial services at 450 Park Avenue, New York. In return, RAC will pay ProChannel $7,500 per month, beginning on the effective date and continuing monthly until the agreement ends.
EX-10.11 23 file023.txt ADMINISTRATIVE AGREEMENT RAND ACQUISITION CORPORATION , 2004 ProChannel Management LLC 450 Park Avenue, 10th Floor New York, New York 10022 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 Rand Acquisition Corporation ("RAC") and continuing until the consummation by RAC of a "Business Combination" (as described in RAC's IPO prospectus), ProChannel Management LLC shall make available to RAC certain office and secretarial services as may be required by RAC from time to time, situated at 450 Park Avenue, 10th Floor, New York, New York 10022. In exchange therefore, RAC shall pay ProChannel Management LLC the sum of $7,500 per month on the Effective Date and continuing monthly thereafter. Very truly yours, RAND ACQUISITION CORPORATION By: ________________________________ Name: Laurence S. Levy Title: Chairman and CEO AGREED TO AND ACCEPTED BY: PROCHANNEL MANAGEMENT LLC By: _________________ Name: Laurence Levy Title: Sole Member
