KEY HOSPITALITY ACQUISITION CORPORATION
0 Xxxxxx Xxxx Xxxx
Xxxxxxxx, Xxx Xxxxxx 00000
September 13, 2005
Millennium 3 Capital, Inc.
0 Xxxxxx Xxxx Xxxx
Xxxxxxxx, XX 00000
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 Key Hospitality Acquisition
Corporation ("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), Millennium
3 Capital, Inc. shall make available to the Company certain office and
secretarial services as may be required by the Company from time to time,
situated at 0 Xxxxxx Xxxx Xxxx, Xxxxxxxx, Xxx Xxxxxx 00000. In exchange
therefore, the Company shall pay Millennium 3 Capital, Inc. the sum of $7,500
per month on the Effective Date and continuing monthly thereafter until the
Termination Date.
Very truly yours,
KEY HOSPITALITY ACQUISITION CORPORATION
By: /s/ Xxxxxxx Xxxxxxxx
------------------------------------
Name: Xxxxxxx Xxxxxxxx
Title: CEO
AGREED TO AND ACCEPTED BY:
MILLENNIUM 3 CAPITAL, INC.
By: /s/ Xxx Xxxxxxxx
--------------------------
Name: Xxx Xxxxxxxx
Title: President
