INTERAMERICAN ACQUISITION GROUP INC.
June 2, 2006
InterAmerican Advisors, LLC
0000 Xxxxx Xxxxxx Xxxxx, Xxxxx 000
Xxx Xxxxx, Xxxxxxxxxx 00000
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 InterAmerican Acquisition Group Inc. (the
"Company") and continuing until the earlier of the consummation by the Company
of a "Business Combination" or the Company's liquidation (as described in the
Company's IPO prospectus) (the "Termination Date"), InterAmerican Advisors, LLC
shall make available to the Company certain office space, utilities and
secretarial support as may be required by the Company from time to time,
situated at 0000 Xxxxx Xxxxxx Xxxxx, Xxxxx 000, Xxx Xxxxx, Xxxxxxxxxx 00000. In
exchange therefor, the Company shall pay InterAmerican Advisors, LLC the sum of
$10,000 per month on the Effective Date and continuing monthly thereafter for up
to eighteen months. Thereafter, InterAmerican Advisors, LLC will provide
administrative support without charge until the Termination Date.
Very truly yours,
INTERAMERICAN ACQUISITION GROUP INC.
By: /s/ Xxxxxxx X. Xxxxx
------------------------------------
Name: Xxxxxxx X. Xxxxx
Title: Chief Executive Officer
AGREED TO AND ACCEPTED BY:
INTERAMERICAN ADVISORS, LLC
By: /s/ Xxxxxxx X. Xxxxx
---------------------------------
Name: Xxxxxxx X. Xxxxx
Title: Authorized Signatory
