HIGHLANDS ACQUISITION CORP.
______________, 2007
Kanders & Company, Inc.
One Landmark Square, 22nd Floor
Stamford, Connecticut 06901
Ivy Capital Partners
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Montvale, New Jersey 07645
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 Highlands Acquisition Corp. (“HAC”) and continuing until the earlier of the consummation by HAC of a “Business Combination” or HAC’s liquidation (in each case as described in HAC’s IPO prospectus, and such earlier date hereinafter referred to as the “Termination Date”), but in no event longer than 24 months from the Effective Date, each of Kanders & Company, Inc. and Ivy Capital Partners shall make available to HAC certain office space, utilities and secretarial support as may be required by HAC from time to time, situated at ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (or any successor location) and ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ (or any successor location), respectively. In exchange therefor, HAC shall pay each of Kanders & Company, Inc. and Ivy Capital Partners the sum of $5,000 per month on the Effective Date and continuing monthly thereafter until the Termination Date.
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KANDERS & COMPANY, INC. |
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IVY CAPITAL PARTNERS |
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