EXHIBIT 10.5
CHINAGROWTH SOUTH ACQUISITION CORPORATION
________ __, 2006
Global Vestor Capital Partners, LLC
0000 Xxxxxxxx Xxxx, Xxxxxxxx
Xxxxxxxx Xxxxxxxx Xxxxxxxx Xxxx
Xxxxxxxx, Xxxxx 201417
Gentlemen:
This letter will confirm our agreement that, commencing on the
effective date ("Effective Date") of the registration statement for the initial
public offering ("IPO") of the securities of ChinaGrowth South Acquisition
Corporation ("ChinaGrowth South") and continuing until the earlier of the
consummation by ChinaGrowth South of a "Business Combination" or ChinaGrowth
South's liquidation (as described in ChinaGrowth South's IPO prospectus) (the
"Termination Date"), Global Vestor Capital Partners, LLC shall make available to
ChinaGrowth South certain office space, utilities, administrative, technology
and secretarial services as may be required by ChinaGrowth South from time to
time. In exchange therefor, ChinaGrowth South shall pay Global Vestor Capital
Partners, LLC up to $7,500 per month on the Effective Date and continuing
monthly thereafter until the Termination Date.
Very truly yours,
CHINAGROWTH SOUTH
ACQUISITION CORPORATION
By: ________________________________
Name:
Title:
AGREED TO AND ACCEPTED BY:
GLOBAL VESTOR CAPITAL PARTNERS, LLC
By: _____________________________
Name:
Title: