EXHIBIT 10.5
STONE ARCADE ACQUISITION CORPORATION
_______________, 2005
Xxxxx-Xxxxxx Investments, LLC
Xxx Xxxxxxxxxx Xxxxx
Xxxxx 000
Xxxxxxxxxx, XX 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 Stone Arcade Acquisition Corporation
("Company") and continuing until the consummation by the Company of a "Business
Combination" (as described in the Company's IPO prospectus), Xxxxx-Xxxxxx
Investments, LLC ("Xxxxx-Xxxxxx") 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 Chicago, as may be
required by the Company from time to time, situated at Xxx Xxxxxxxxxx Xxxxx,
Xxxxx 000, Xxxxxxxxxx, Xxxxxxxx 00000 (or any successor location). In exchange
therefor, the Company shall pay to Xxxxx-Xxxxxx the sum of $7,500 per month (the
"Fee") on the Effective Date and continuing monthly thereafter. It is understood
that Xxxxx-Xxxxxx shall pay a portion of the Fee to Arcade Partners LLC for
overhead expenses incurred in connection with the Company's business.
Very truly yours,
STONE ARCADE ACQUISITION
CORPORATION
By:_______________________________
Name: Xxxxx Xxxxx
Title: Chief Executive Officer
AGREED TO AND ACCEPTED BY:
XXXXX-XXXXXX INVESTMENTS, LLC
By:_____________________________
Name:
Title:
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