November 20, 2007 Camden Partners Holdings, LLC
November
20, 2007
Camden
Partners Holdings, LLC
000
Xxxx
Xxxxx Xxxxxx
Suite
1200
Baltimore,
MD 21202
Re:
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CAMDEN
LEARNING CORPORATION
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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 Camden Learning
Corporation (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, Camden Partners Holdings, LLC (“Holdings LLC”) 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 Holdings LLC the sum of $7,500 per month
on the
Effective Date and continuing monthly thereafter.
Very
truly yours,
CAMDEN
LEARNING CORPORATION
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By: | /s/ Xxxxx X. Xxxxxxx | |
Name:
Xxxxx X. Xxxxxxx
Title:
Chief Executive Officer
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Agreed
to
and Accepted by:
CAMDEN
PARTNERS HOLDINGS, LLC
By:
/s/ Xxxxxx X. Xxxxxx
Xxxxxx
X.
Xxxxxx
Managing
Member