exv10w11



 






Exhibit 10.11




ADMINISTRATIVE SERVICES AGREEMENT




     AGREEMENT made as of September 30, 2005 by and between Global Logistics Acquisition
Corporation, a Delaware corporation (hereinafter referred to as the “Corporation”), and Blue Line
Advisors, Inc. (hereinafter referred to as the “Administrator”).



W I T N E S S E T H:




     WHEREAS, the Corporation is a newly formed special purpose acquisition company that intends to
conduct an initial public offering (“IPO”) of its securities;



     WHEREAS, the Corporation desires to retain the Administrator to provide administrative
services to the Corporation in the manner and on the terms hereinafter set forth; and



     WHEREAS, the Administrator is willing to provide administrative services to the Corporation on
the terms and conditions hereafter set forth.



     NOW, THEREFORE, in consideration of the premises and the covenants hereinafter contained and
for other good and valuable consideration, the receipt and adequacy of which is hereby
acknowledged, the Corporation and the Administrator hereby agree as follows:



     1. Term. This Agreement shall commence on the Effective Date (the “Commencement Date”),
and shall continue in effect until the earlier of the Business Combination Date and the Termination
Date (the “Expiration Date”).



     2. Duties of Administrator. Beginning on the Commencement Date, and continuing up to and
including the Expiration Date, the Administrator shall make available to the Company certain office
space and administrative support services (as enumerated on the attached Schedule 2) as may
be required by the Company from time to time, situated at 330 Madison Avenue, Sixth Floor, New
York, NY 10017.



     3. Payment for Services. Beginning on the Commencement Date, and continuing up to and
including the Expiration Date, the Company shall pay the Administrator the sum of $7,500 per month
(the “Monthly Payment”).



     4. Timing of Payments. Monthly Payments shall be due on a monthly basis on the first day
of each month beginning on the Commencement Date (each, a “Payment Date”); provided, that
no Payment Dates shall occur subsequent to the Expiration Date.



     5. Binding Agreement. This Agreement shall be binding on each of the Company and the
Administrator, and their respective successors and assigns.



     6. Governing Law. This Agreement shall be governed by and interpreted and construed in
accordance with the laws of the State of New York applicable to contracts



 









 




formed and to be performed entirely within the State of New York, without regard to the conflicts
of law provisions thereof to the extent such principles or rules would require or permit the
application of the laws of another jurisdiction.




     7. Entire Agreement. This Agreement contains the entire agreement of the parties and
supercedes all prior agreements, understandings and arrangements with respect to the subject matter
hereof. No term or provision of this letter agreement may be amended, changed, waived, altered or
modified except by written instrument executed and delivered by the party against whom such
amendment, change, waiver, alteration or modification is to be enforced.



     8. Defined Terms. Capitalized terms not otherwise defined herein shall have the meanings
ascribed to them on Schedule 1 to this Agreement.



     9. Counterparts. This Agreement may be executed in one or more counterparts, and by the
different parties hereto in separate counterparts, each of which shall be deemed to be an original,
but all of which taken together shall constitute one and the same agreement, and shall become
effective when one or more counterparts has been signed by each of the parties hereto and delivered
to each of the other parties hereto.



     10. Notices. Any notice under this Agreement shall be given in writing, addressed and
delivered or mailed, postage prepaid, to the other party at its principal office.



[The Remainder of this Page is Intentionally Left Blank]





2









 








     IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the
date first above written.



	 	 	 	 	 	 	 
	 	 	GLOBAL LOGISTICS ACQUISITION CORPORATION	 	 
	 
	 	 	 	 	 	 
	

	 	By:
	 	/s/ Gregory E. Burns	 	 
	

	 	 	 	 	 	 
	

	 	 	 	Name: Gregory E. Burns	 	 
	

	 	 	 	Title: Chief Executive Officer and President	 	 
	 
	 	 	 	 	 	 
	 	 	BLUE LINE ADVISORS, INC.	 	 
	 
	 	 	 	 	 	 
	

	 	By:
	 	/s/ Gregory E. Burns	 	 
	

	 	 	 	 	 	 
	

	 	 	 	Name: Gregory E. Burns	 	 
	

	 	 	 	Title: President	 	 







3









 








Schedule 1




SUPPLEMENTAL COMMON DEFINITIONS




     Unless the context shall otherwise require, the following terms shall have the following
respective meanings for all purposes, and the following definitions are equally applicable to both
the singular and the plural forms and the feminine, masculine and neuter forms of the terms
defined.



     “Business Combination” shall mean the acquisition by the Company, whether by merger, capital
stock exchange, asset acquisition or other similar type of combination, of one or more operating
businesses in the transportation and logistics sector and related industries, having, collectively,
a fair market value (as calculated in accordance with the Company’s Amended and Restated
Certificate of Incorporation) of at least 80% of the Company’s net assets at the time of such
merger, capital stock exchange, asset acquisition or other similar type of combination.



     “Business Combination Date” shall mean the date upon which a Business Combination is
consummated, as conclusively established by a majority of the Independent Directors of the Company
immediately following a Business Combination.



     “Effective Date” shall mean the date upon which the Registration Statement is declared
effective under the Securities Act of 1933, as amended, by the SEC.



     “Immediate Family” shall mean, with respect to any person, such person’s spouse, lineal
descendents, father, mother, brothers or sisters (including any such relatives by adoption or
marriage).



     “Independent Directors” shall mean the Company’s directors that qualify as “independent” under
NASD Rule 4200(a)(15), as amended.



     “Insiders” shall mean all of the officers, directors and stockholders of the Company
immediately prior to the Company’s IPO.



     “Insider Shares” shall mean all shares of Common Stock of the Company owned by an Insider
immediately prior to the Company’s IPO. For the avoidance of doubt, Insider Shares shall not
include any IPO Shares purchased by Insiders in connection with or subsequent to the Company’s IPO.



     “IPO Shares” shall mean all shares of Common Stock issued by the Company in its IPO,
regardless of whether such shares were issued to an Insider or otherwise.



     “Lock-Up Period” shall mean the period commencing on (inclusive of such date) the closing of
the IPO and delivery of the IPO Shares in connection therewith and ending on the earlier of (i) the
date that is six months immediately following the Business Combination Date, or (ii) the
Termination Date.



 









 





     “Lock-Up Period Termination Date” shall mean the close of business on the last day of the
Lock-Up Period.



     “Prospectus” shall mean the final prospectus filed pursuant to Rule 424(b) under the
Securities Act of 1933, as amended, and included in the Registration Statement.



     “Registration Statement” shall mean the registration statement filed by the Company on Form
S-1 (No. 333-128591) with the SEC on September 26, 2005, and any amendment or supplement thereto,
in connection with the Company’s IPO.



     “SEC” shall mean the United States Securities and Exchange Commission.



     “Termination Date” shall mean the date that is sixty (60) calendar days immediately following
the Transaction Failure Date (inclusive thereof).



     “Transaction Failure” shall mean the earlier of (i) the failure to enter into a letter of
intent, definitive agreement or agreement in principle with respect to a Business Combination on
any day during the eighteenth-month period immediately following the Effective Date, and (ii) the
failure to consummate a Business Combination on any day during the twenty-four-month period
immediately following the Effective Date.



     “Transaction Failure Date” shall mean the date upon which a Transaction Failure occurs, as
conclusively established by a majority of the Independent Directors of the Company immediately
following a Transaction Failure.



     “Trust Fund” shall mean that certain trust account established with The Bank of New York and
in which the Company deposited the “funds to be held in trust”, as described in the Prospectus.



 









 





Schedule 2




SCHEDULE OF ADMINISTRATIVE SERVICES





	1.	 	Office space
	 
	2.	 	Conference room facilities
	 
	3.	 	Computers and Internet access
	 
	4.	 	Photocopying facilities
	 
	5.	 	Telephone and facsimile service
	 
	6.	 	Utilities (electric, water, etc.)
	 
	7.	 	Secretarial support
	 
	8.	 	Receptionist support
	 
	9.	 	Word processing support
	 
	10.	 	Filing and office management support
	 
	11.	 	Office supplies (paper, pens, notepads, etc.)