VICTORY ACQUISITION CORP.
Exhibit 10.12
, 2007
Ironbound Partners Fund LLC
0 Xxxxx Xxxxxx, 17th Floor
New York, New York 10036
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 Victory Acquisition Corp. (“VAC”) and continuing until the earlier of the consummation by VAC of a “Business Combination” or VAC’s liquidation (in each case as described in VAC’s IPO prospectus) (such earlier date hereinafter referred to as the “Termination Date”), Ironbound Partners Fund LLC shall make available to VAC certain office space, utilities and secretarial support as may be required by VAC from time to time, situated at 0 Xxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000 (or any successor location). In exchange therefor, VAC shall pay Ironbound Partners Fund LLC the sum of $7,500 per month on the Effective Date and continuing monthly thereafter until the Termination Date.
| Very truly yours, | ||
| VICTORY ACQUISITION CORP. | ||
| By: |
| |
| Name: Xxxx X. Xxxxxx Title: Chairman of the Board | ||
| AGREED TO AND ACCEPTED BY: | ||
| IRONBOUND PARTNERS FUND LLC | ||
| By: |
| |
| Name: Xxxxxxxx X. Xxxxxxx Title: Chairman of the Board | ||
