ASIA SELECT ACQUISITION I CORP.
EXHIBIT
10.7
_____________ ___, 2008
Asia
Select Asset Management Inc.
20/F.,
China Merchants Limited
No.
000-000 Xxx Xxxxx Xxxx Xxxxxxx
Hong
Kong
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 Asia
Select Acquisition I Corp. (“Asia Select Acquisition”) and continuing until the
earlier of the consummation by Asia Select Acquisition of a “Business
Combination” (as described in Asia Select Acquisition’s IPO prospectus) or Asia
Select Acquisition’s liquidation (the “Termination Date”), Asia Select Asset
Management Inc. shall make available to Asia Select Acquisition certain office
(including utilities) and secretarial services as may be required by Asia Select
Acquisition from time to time, situated at 20/F., China Merchants Limited, Xx.
000-000 Xxx Xxxxx Xxxx Xxxxxxx, Xxxx Xxxx. In exchange therefore,
Asia Select Acquisition shall pay Asia Select Asset Management Inc. the sum of
$7,500 per month on the Effective Date and continuing monthly thereafter until
the Termination Date.
Very
truly yours,
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By:
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Name:
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Title:
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AGREED
TO AND ACCEPTED BY:
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ASIA
SELECT ASSET MANAGEMENT INC.
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By:
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Name:
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Title:
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