HCM ACQUISITION COMPANY October 3, 2007
Exhibit 10.11
HCM ACQUISITION COMPANY
October 3, 2007
Highland Capital Management, L.P.
NexBank Tower
00000 Xxxx Xxxx, Xxxxx 000
Xxxxxx, XX 00000
NexBank Tower
00000 Xxxx Xxxx, Xxxxx 000
Xxxxxx, XX 00000
Dear Sir:
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 HCM Acquisition Company (“Company”) and continuing until the consummation by the
Company of a business combination (as described in the Company’s IPO prospectus) or the
distribution of the trust account (as described in the Company’s IPO prospectus) to the Company’s
public stockholders, Highland Capital Management, L.P. or its affiliates shall make available to
the Company certain general and administrative services including utilities and administrative
support, as well as the use of certain limited office space, as may be required by the Company from
time to time, initially situated at 00000 Xxxx Xxxx, Xxxxx 000, Xxxxxx, XX 00000 (or any successor
location). In exchange therefor, the Company shall pay Highland Capital Management, L.P., or its
affiliates, the sum of $10,000 per month beginning on the Effective Date and continuing monthly
thereafter until the consummation by the Company of a business combination or the distribution of
the trust account to the Company’s public stockholders.
Very truly yours, | ||||||
HCM ACQUISITION COMPANY | ||||||
By: | /s/ Xxxxxx X. Xxxxxxx
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Title: Secretary | ||||||
AGREED TO AND ACCEPTED BY: | ||||||
HIGHLAND CAPITAL MANAGEMENT, L.P. | ||||||
By: Strand Advisors, Inc., its general partner |
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By: | /s/ Xxxxxxx Xxxxxx
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Title: Secretary |