EXHIBIT 10.7
ISRAEL TECHNOLOGY ACQUISITION CORP.
______________, 2005
A.F. Services Ltd.
00 Xxxxxxxxx Xx.
Xxx Xxxx 00000
Xxxxxx
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 Israel Technology Acquisition Corp.
("ITAC") and continuing until (the "Termination Date") the earlier of the
consummation by ITAC of a "Business Combination" or ITAC's liquidation (as
described in ITAC's IPO prospectus), A.F. Services Ltd. shall make available to
ITAC certain office and secretarial services as may be required by ITAC from
time to time, situated at 00 Xxxxxxxxx Xx., Xxx Xxxx 00000, Xxxxxx. In exchange
therefore, ITAC shall pay A.F. Services Ltd. the sum of $7,500 per month on the
Effective Date and continuing monthly thereafter until the Termination Date.
Very truly yours,
ISRAEL TECHNOLOGY ACQUISITION CORP.
By: ________________________________
Name: Xxxxxx Xxxxxxx
Title: Chief Executive Officer
AGREED TO AND ACCEPTED BY:
A.F. SERVICES LTD.
By: _________________
Name:
Title:
