WATTLES ACQUISITION CORP.
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February 26, 2008
Wattles
Capital Management, LLC
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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 Wattles Acquisition Corp. ("WAC") and continuing until the earlier of the consummation by WAC of a "Business Combination" or WAC's liquidation (as described in WAC's IPO prospectus; such date the "Termination Date"), Wattles Capital Management, LLC shall make available to WAC office space and certain office and secretarial services as may be required by WAC from time to time, situated at ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇, ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇. In exchange therefore, WAC shall pay Wattles Capital Management, LLC the sum of $7,500 per month on the Effective Date and continuing monthly thereafter until the Termination Date.
| Very truly yours, | ||||
WATTLES ACQUSITION CORP. |
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By: |
/s/ ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇ |
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| Name: ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇ Title: Treasurer |
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| AGREED TO AND ACCEPTED BY: | ||||
WATTLES CAPITAL MANAGEMENT, LLC |
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By: |
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Authorized Signatory |
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