RENEWABLE ENERGY ACQUISITION CORP.
0000
Xxxx Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxxxxxxxx,
Xxxxxxxxx 00000
(952)
541-1155
September
30, 2007
SRC
Funding, Inc.
0000
Xxxx
Xxxx Xxxx Xxxx, Xxxxx 000
Xxxxxxxxxxx,
Xxxxxxxxx 00000
Gentlemen:
This
letter will confirm the agreement by and among Renewable Energy Acquisition
Corp., a Nevada corporation (the “Company”) and SRC Funding, Inc., a Minnesota
corporation (“SRC”) that, commencing on the closing date (“Closing Date”) of the
initial public offering (“IPO”) of the Company’s securities and continuing until
the earlier of (i) the consummation by the Company of a “Business Combination,”
or (ii) the Company’s liquidation as described in the Company’s definitive
prospectus relating to the IPO (hereinafter, the earlier of such dates is
referred to as the “Termination Date”), SRC shall make available to the Company
certain office space, administrative services and secretarial services as may
be
required by the Company from time to time, at SRC’s primary offices situated at
0000 Xxxx Xxxx Xxxx Xxxx, Xxxxx 000, Xxxxxxxxxxx, Xxxxxxxxx 00000, or at such
successor facilities as shall be suitable to meet the Company’s needs and as SRC
may elect to provide in lieu of the foregoing offices. In exchange therefore,
the Company shall pay SRC a combined sum of $1,500 per month on the Closing
Date
and continuing monthly thereafter until the Termination Date.
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Very
truly yours,
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/s/
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Xxxxx
Xxxxxxxx, President
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Agreed
and accepted by:
SRC
Funding, Inc.
/s/
Xxxxx
Xxxxxxxx, President
