UNION STREET ACQUISITION CORP. 102 South Union Street
Exhibit 10.6
UNION STREET ACQUISITION CORP.
102 South Union Street
Alexandria, VA 22314
[ , ], 2006
Union Street Capital Management, LLC
102 South Union Street
Alexandria, VA 22314
Gentlemen:
This letter will confirm our agreement that, commencing on the effective date (the Effective Date) of the registration statement on Form S-1 (File No. 333-136530), as amended and as filed with the Securities and Exchange Commission (the Registration Statement) relating to the initial public offering (the IPO) of the securities of Union Street Acquisition Corp. (the Company) and continuing until the earlier of (i) the Companys consummation of a Business Combination or (ii) the Companys dissolution and liquidation (each as described and defined, and in accordance with the terms and conditions set forth in the Registration Statement) (the Termination Date), Union Street Capital Management, LLC (the Provider) shall make available to the Company certain office space, utilities, secretarial support and other administrative services as may be required by the Company from time to time, situated at 102 South Union Street, Alexandria, VA 22314. In exchange therefor, the Company shall pay the Provider the sum of $7,500 per month on the Effective Date and continuing monthly thereafter until the Termination Date. The Company has informed the Provider that certain net proceeds from the IPO will be held in trust (the Trust Account) as more fully described in the Registration Statement. By agreeing and signing below, the Provider hereby irrevocably waives any and all rights, interests, claims, demands, damages, actions, causes of action or suit of any nature whatsoever, known or unknown, foreseen or unforeseen, in law or equity, that the Provider may have against the Company or the Trust Account in respect of funds held in the Trust Account.
[signature page to follow]
Union Street Capital Management, LLC
[ , ], 2006
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Very truly yours, | ||
UNION STREET ACQUISITION CORP. | ||
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Name: | ||
Title: |
AGREED TO AND ACCEPTED BY: | ||
UNION STREET CAPITAL MANAGEMENT, LLC | ||
By: | /s/ | |
Name: | ||
Title: |