Lone Oak Acquisition Corporation Room 1708 Dominion Centre
Lone
Oak Acquisition Corporation
Room 1708
Dominion Centre
00-00
Xxxxx’x Xxxx East
Wanchai,
Hong Kong
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_________________,
2011
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BBS
Capital Fund, L.P.
0000
Xxxxxxx Xxxx Xxxxxxxxx
Suite
775W
Plano,
Texas 75093
Rampant
Dragon, LLC
0000
Xxxxx Xxxx Xxxxx
Plano,
Texas 75024
Gentlemen:
This letter will confirm our agreement
that commencing on the effective date (the “Effective Date”) of the registration
statement (the “Registration Statement”) relating to the initial public offering
of the securities of Lone Oak Acquisition Corporation (the “Company”) and
continuing until the consummation by the Company of a business combination or
the distribution of the funds held in the trust account to the Company’s then
public shareholders (as described in the Registration Statement), BBS Capital
Fund, L.P. and Rampant Dragon, LLC (the “Firms”) shall make available to the
Company certain general and administrative services, including the use of office
space, utilities and secretarial support, as may be required by the Company from
time to time, at [__________________] (or any successor location). In exchange
therefore, the Company shall pay the Firms at the rate of an aggregate of $7,500
per month.
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Very
truly yours,
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LONE
OAK ACQUSITION CORPORATION
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By:
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Name:
Baris Merzeci
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Title:
Chief Executive Officer
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Agreed to
and Accepted by:
BBS
Capital Fund, LP
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By:
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Name:
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Title:
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Rampant
Dragon, LLC
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By:
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Name:
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Title:
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