Administrative Services Agreement between United Refining Energy Corp. and United Refining, Inc. (June 27, 2007)
United Refining Energy Corp. and United Refining, Inc. have agreed that, starting from the effective date of United Refining Energy Corp.'s IPO registration statement, United Refining, Inc. will provide general administrative services such as receptionist, secretarial, and office support. The agreement lasts until the company completes a business combination, fails to do so within 24 months, or decides to dissolve. United Refining Energy Corp. will pay United Refining, Inc. $7,500 per month for these services.
Exhibit 10.10
June 27, 2007
United Refining Inc.
823 11th Avenue
New York, New York 10019
| Re: | UNITED REFINING ENERGY CORP. |
Gentlemen:
This letter will confirm our agreement, that commencing on the effective date (“Effective Date”) of the registration statement (“Registration Statement”) of the initial public offering (“IPO”) of the securities of United Refining Energy Corp. (the “Company”) and continuing until the earlier to occur of: (i) the consummation of a Business Combination (as described in the Registration Statement), (ii) failure to effect a Business Combination within 24 months from the consummation of the IPO and (iii) the date on which we determine to dissolve and liquidate our trust account as part of our plan of dissolution and liquidation, United Refining, Inc. shall make available to the Company certain general and administrative services, including but not limited to receptionist, secretarial and general office services. In exchange therefore, the Company shall pay United Refining, Inc. the sum of $7,500 per month on the Effective Date and continuing monthly thereafter.
[signature page follows]
| Very truly yours, | ||
| UNITED REFINING ENERGY CORP | ||
| By: | ||
| Name: | ||
| Title: | ||
| Agreed to and Accepted by: | ||
| UNITED REFINING, INC. | ||
| By: | ||
| Name: | ||
| Title: | ||
