FIG ACQUISITION CORP.
EXHIBIT
10.6
December
20, 2007
KBW,
Inc.
000
Xxxxxxx Xxxxxx
Xxx
Xxxx,
Xxx Xxxx 00000
Ladies
and 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 FIG
Acquisition Corp. (“Company”), KBW, Inc.
(“KBW”) shall make available to the Company certain
office space, administrative services and secretarial support, as may be agreed
by the parties, situated at 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000. In
exchange therefor, the Company shall pay KBW a monthly fee of $10,000 until
the
earlier of (i) the completion of the Company’s effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or other similar
business combination with one or more businesses or assets, and (ii) the
Company’s dissolution.
KBW
confirms that, from time to time, employees of KBW and its subsidiaries and
affiliates, as part of their on-going professional responsibilities and
employment, and with no additional consideration offered or received, may
provide certain services to the Company related to and in connection with the
Company’s consummation of its initial business combination, substantially on the
terms set forth in the Company’s registration statement on Form
S-1. It is agreed that any such employee will undertake such tasks
and responsibilities only upon oral or written request to such employee by
any
officer or director of the Company.
KBW
hereby waives any and all right, title, interest or claim of any kind
(“Claim”) in or to any distribution of the trust account
described in the Company’s IPO prospectus (the “Trust
Account”) for any amounts arising out of this agreement, and hereby
agrees not to seek recourse, reimbursement, payment or satisfaction for any
Claim against the Trust Account for any reason whatsoever relating to the
transactions contemplated by this agreement.
[Remainder
of Page Intentionally Left Blank]
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Very
truly yours,
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By:
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/s/
Xxxxx X. Xxxx
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Name: Xxxxx
X. Xxxx
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Title: Chief
Executive Officer
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| AGREED
AND ACCEPTED
KBW,
INC.
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By:
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/s/
Xxxxxxxx Xxxxxxxx
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Name: Xxxxxxxx
Xxxxxxxx
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Title: Executive
Vice President
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