Exhibit 10.4
PHARMAMATRIX ACQUISITION CORPORATION
May 18, 2005
Pharmamatrix, Inc.
000 X. Xxxxxxxxx Xxxxx
Xxxxxxxxx, Xxxxxxx 00000
Gentlemen:
This letter will confirm our agreement, that commencing on the effective
date ("Effective Date") of the registration statement of the initial public
offering ("IPO") of the securities of Pharmamatrix Acquisition Corporation
("Company") and continuing until the consummation by the Company of a "Business
Combination" (as described in the Company's IPO prospectus), Pharmamatrix, Inc.
("Pharmamatrix") shall make available to the Company certain administrative,
technology and secretarial services, as well as the use of certain limited
office space, including a conference room, in the South Florida area as may be
required by the Company from time to time, situated at 000 X. Xxxxxxxxx Xxxxx,
Xxxxxxxxx, Xxxxxxx 00000 (or any successor location). In exchange therefor, the
Company shall pay to Pharmamatrix the sum of $7,500 per month (the "Fee") on the
Effective Date and continuing monthly thereafter.
Very truly yours,
PHARMAMATRIX ACQUISITION
CORPORATION
By: /s/ XXXXXX X. BLUE
--------------------------
Name: Xxxxxx X. Blue
Title: Chief Financial Officer
AGREED TO AND ACCEPTED BY:
PHARMAMATRIX , INC.
By: /s/ XXXXXX X. XXXXX
---------------------------------
Name: Xxxxxx X. Xxxxx
Title: Chief Executive Officer
