EXHIBIT 10.11
Platinum Energy Resources, Inc.
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June __, 2005
Platinum Partners Value Arbitrage, L.P.
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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 Platinum Energy Resources, Inc.
("Company") and continuing until (the "Termination Date") 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), Platinum Partners
Value Arbitrage, L.P. shall make available to the Company certain office and
secretarial services as may be required by the Company from time to time,
situated at ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇. In exchange
therefore, the Company shall pay Platinum Partners Value Arbitrage, L.P. the sum
of $7,500 per month on the Effective Date and continuing monthly thereafter
until the Termination Date.
Very truly yours,
PLATINUM ENERGY RESOURCES, INC.
By:____________________________
Name:
Title:
AGREED TO AND ACCEPTED BY:
PLATINUM PARTNERS VALUE ARBITRAGE, L.P.
By:_____________________________
Name:
Title: