EXHIBIT 10.2
SEGUSO HOLDINGS, INC.
0000 00XX XXXXX XXXX, XXXXX X000
XXXXXXXXX, XXXXXXX 00000
September 30, 2006
LETTER AGREEMENT
This Letter Agreement is to memorialize the terms verbally agreed to in
principle by Xxxxxx Xxxxxx (individually, "Seguso"), with Seguso Holdings, Inc.,
a New York corporation ("Company").
Seguso Loan. Seguso hereby agrees to loan the Company the sum of up to SIX
THOUSAND AND ONE HUNDRED ($6,100.00) DOLLARS to cover the expenses of the
Company's Initial Public Offering ("Offering") due the earlier of 18 months from
the effective date of the Company's Registration Statement, or until the Company
completes a business combination. If at the time of any business combination the
amount due to Seguso exceeds the proceeds of this Offering, the excess amount
will be returned to Seguso as a condition of the business combination.
This Letter Agreement shall be effective as of the date set forth above.
SEGUSO: COMPANY:
/s/ Xxxxxx Xxxxxx By: /s/ Xxxxxx Xxxxxx
------------------------------------- ------------------------------------
Xxxxxx Xxxxxx Xxxxxx Xxxxxx, Chief Executive
Officer
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