IDEATION ACQUISITION CORP. 100 North Crescent Drive Beverly Hills, California 90210
Exhibit 10.4
_______, 2007
Clarity Partners, L.P.
000 Xxxxx Xxxxxxxx Xxxxx
Xxxxxxx Xxxxx, Xxxxxxxxxx 00000
000 Xxxxx Xxxxxxxx Xxxxx
Xxxxxxx Xxxxx, Xxxxxxxxxx 00000
Ladies and Gentlemen:
This letter will confirm our agreement that, commencing on the effective date (the “Effective
Date”) of the registration statement (the “Registration Statement”) for the initial public offering
(the “IPO”) of the securities of Ideation Acquisition Corp. (the “Company”) and continuing until
the earlier of (i) the consummation by the Company of a “Business Combination” or (ii) the
Company’s liquidation (in each case as described in the Registration Statement) (such earlier date
hereinafter referred to as the “Termination Date”), Clarity Partners, L.P. shall make available to
the Company certain office space and administrative and support services as may be required by the
Company from time to time, situated at 000 Xxxxx Xxxxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxxxxx 00000.
In exchange therefore, the Company shall pay Clarity Partners, L.P. the sum of $7,500 per month on
the Effective Date and continuing monthly thereafter until the Termination Date. In connection
herewith, Clarity Partners, L.P. has executed a waiver substantially in the form of Exhibit [_] to
the underwriting agreement executed by the Company in connection with the IPO.
[signature page follows]
Very truly yours, IDEATION ACQUISITION CORP. |
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By: | ||||
Name: | Xxxxxx X. Xxxxx | |||
Title: | Chief Executive Officer | |||
AGREED TO AND ACCEPTED BY: CLARITY PARTNERS, L.P. |
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By: | ||||
Name: | ||||
Title: | ||||
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