SERVICES ACQUISITION CORP. INTERNATIONAL
Exhibit 10.16
SERVICES ACQUISITION CORP. INTERNATIONAL
000 Xxxx Xxxx Xxxxxxxxx, Xxxxx 0000
Xxxx Xxxxxxxxxx, XX 00000
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March 29, 2005 |
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Mercantile Companies, Inc. |
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0000 Xxxxxxx Xxxx |
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Xxxxxxxxxx, XX 00000 |
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Gentlemen: |
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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 Services Acquisition Corp. International (“SACI”) and continuing until (the “Termination Date”) the earlier of the consummation by SACI of a “Business Combination” or SACI’s liquidation (as described in SACI’s IPO prospectus), Mercantile Companies, Inc. shall make available to SACI certain office and secretarial services as may be required by SACI from time to time, situated at 0000 Xxxxxxx Xxxx, Xxxxxxxxxx, XX 00000. In exchange therefor, SACI shall pay Mercantile Companies, Inc. the sum of $2,625 per month on the Effective Date and continuing monthly thereafter until the Termination Date.
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Very truly yours, |
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By: |
/s/ Xxxxxx X. Xxxxxx |
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Name: Xxxxxx X. Xxxxxx |
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Title: Vice President |
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AGREED TO AND ACCEPTED BY: |
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MERCANTILE COMPANIES, INC. |
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By: |
/s/ I. Xxxxxx Xxxxxxx |
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Name: I. Xxxxxx Xxxxxxx |
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Title: President |
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