Prime Acquisition Corp. No. 322, Zhongshan East Road Shijiazhuang Hebei Province, 050011 People’s Republic of China
▇▇. ▇▇▇,
▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇
Shijiazhuang
Hebei
Province, 050011
People’s
Republic of China
_________,
2011
Kaiyuan
Real Estate Development
▇▇. ▇▇▇,
▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇
Shijiazhuang
Hebei
Province, 050011
People’s
Republic of China
Gentlemen:
This letter will confirm our agreement
that commencing on the effective date (the “Effective Date”) of the registration
statement (the “Registration Statement”) relating to the initial public offering
of the securities of Prime Acquisition Corp. (the “Company”) and continuing
until the consummation by the Company of a business combination or the
distribution of the trust account to the Company’s then public shareholders (as
described in the Registration Statement), Kaiyuan Real Estate Development (the
“Firm”) shall make available to the Company certain general and administrative
services, including the use of office space, utilities and secretarial support,
as may be required by the Company from time to time, at ▇▇. ▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇
▇▇▇▇; ▇▇▇▇▇▇▇▇▇▇▇▇; ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇; People’s Republic of China (or any
successor location). In exchange therefor, the Company shall pay the Firm at the
rate of U.S.$7,500 per month.
[Signature
page follows]
|
Very
truly yours,
|
||||
| By: |
|
|||
|
Name:
|
||||
|
Title:
|
||||
|
Agreed
to and Accepted by:
|
||||
|
KAIYUAN
REAL ESTATE DEVELOPMENT
|
||||
| By: | ||||
|
Name:
|
||||
|
Title:
|
||||
Services
Agreement