Document:

Exhibit 10.11

                      INTERAMERICAN ACQUISITION GROUP INC.

                                                                          , 2007

InterAmerican Advisors, LLC
2918 Fifth Avenue South, Suite 209
San Diego, California 92103

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 InterAmerican Acquisition Group Inc. (the
"Company") and continuing until 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) (the "Termination Date"), InterAmerican Advisors, LLC
shall make available to the Company certain office space, utilities and
secretarial support as may be required by the Company from time to time,
situated at 2918 Fifth Avenue South, Suite 209, San Diego, California 92103. In
exchange therefor, the Company shall pay InterAmerican Advisors, LLC the sum of
$10,000 per month on the Effective Date and continuing monthly thereafter for up
to twelve months. Thereafter, InterAmerican Advisors, LLC will provide
administrative support without charge until the Termination Date.

                                        Very truly yours,

                                        INTERAMERICAN ACQUISITION GROUP INC.

                                        By:
                                            ------------------------------------
                                            Name: William C. Morro
                                            Title: Chief Executive Officer

AGREED TO AND ACCEPTED BY:

INTERAMERICAN ADVISORS, LLC

By:
    ---------------------------------
    Name: William C. Morro
    Title: Authorized SignatoryExhibit 10.13

ALLONGE TO PROMISSORY NOTE

THIS ALLONGE is made as of May 15, 2007, and shall be attached to and made a part of that certain Promissory Note dated May 28, 2005 (the “Note”) in the principal amount of $75,000 issued by InterAmerican Acquisition Group, Inc. to InterAmerican Advisors, LLC.

This Allonge is intended to amend and restate Section 1 of the Note as follows:

1.

Principal.  The principal balance of this Note shall be repayable on the earlier of (i) May 27, 2008 or (ii) the date on which the Maker consummates an initial public offering of its securities.

All of the other terms and conditions of the Note shall continue in full force and effect.

IN WITNESS WHEREOF, the undersigned has caused this Allonge to be signed by its proper corporate officer as of the day and year first written above.

INTERAMERICAN ACQUISITION GROUP, INC.

/s/ William C. Morro

By: 

William C. Morro

Title:  

Chief Executive Officer

Acknowledged and agreed:

INTERAMERICAN ADVISORS, LLC

/s/ William C. Morro

By: 

William C. Morro

Title:

Authorized SignatoryExhibit 10.15

ALLONGE TO PROMISSORY NOTE

THIS ALLONGE is made as of May 15, 2007, and shall be attached to and made a part of that certain Promissory Note dated July 6, 2006 (the “Note”) in the principal amount of $15,000 issued by InterAmerican Acquisition Group, Inc. to InterAmerican Advisors, LLC.

This Allonge is intended to amend and restate Section 1 of the Note as follows:

1.

Principal.  The principal balance of this Note shall be repayable on the earlier of (i) May 27, 2008 or (ii) the date on which the Maker consummates an initial public offering of its securities.

All of the other terms and conditions of the Note shall continue in full force and effect.

IN WITNESS WHEREOF, the undersigned has caused this Allonge to be signed by its proper corporate officer as of the day and year first written above.

INTERAMERICAN ACQUISITION GROUP, INC.

/s/ William C. Morro 

By: 

William C. Morro

Title:  

Chief Executive Officer

Acknowledged and agreed:

INTERAMERICAN ADVISORS, LLC

/s/ William C. Morro 

By: 

William C. Morro

Title:

Authorized SignatoryExhibit 10.17

ALLONGE TO PROMISSORY NOTE

THIS ALLONGE is made as of May 15, 2007, and shall be attached to and made a part of that certain Promissory Note dated Nov 6, 2006 (the “Note”) in the principal amount of $15,000 issued by InterAmerican Acquisition Group, Inc. to InterAmerican Advisors, LLC.

This Allonge is intended to amend and restate Section 1 of the Note as follows:

1.

Principal.  The principal balance of this Note shall be repayable on the earlier of (i) May 27, 2008 or (ii) the date on which the Maker consummates an initial public offering of its securities.

All of the other terms and conditions of the Note shall continue in full force and effect.

IN WITNESS WHEREOF, the undersigned has caused this Allonge to be signed by its proper corporate officer as of the day and year first written above.

INTERAMERICAN ACQUISITION GROUP, INC.

/s/ William C. Morro

By: 

William C. Morro

Title:  

Chief Executive Officer

Acknowledged and agreed:

INTERAMERICAN ADVISORS, LLC

/s/ William C. Morro

By: 

William C. Morro

Title:

Authorized SignatoryExhibit 10.19

ALLONGE TO PROMISSORY NOTE

THIS ALLONGE is made as of May 15, 2007, and shall be attached to and made a part of that certain Promissory Note dated March 1, 2007 (the “Note”) in the principal amount of $6,500 issued by InterAmerican Acquisition Group, Inc. to InterAmerican Advisors, LLC.

This Allonge is intended to amend and restate Section 1 of the Note as follows:

1.

Principal.  The principal balance of this Note shall be repayable on the earlier of (i) May 27, 2008 or (ii) the date on which the Maker consummates an initial public offering of its securities.

All of the other terms and conditions of the Note shall continue in full force and effect.

IN WITNESS WHEREOF, the undersigned has caused this Allonge to be signed by its proper corporate officer as of the day and year first written above.

INTERAMERICAN ACQUISITION GROUP, INC.

/s/ William C. Morro 

By: 

William C. Morro

Title:  

Chief Executive Officer

Acknowledged and agreed:

INTERAMERICAN ADVISORS, LLC

/s/ William C. Morro 

By: 

William C. Morro

Title:

Authorized SignatoryExhibit 10.20

PROMISSORY NOTE

 

$29,000.00

As of June 25, 2007

San Diego, California

 

InterAmerican Acquisition Group Inc. (the “Maker”) promises to pay to the order of InterAmerican Advisors, LLC (the “Payee”) the principal sum of Twenty-nineThousand Dollars and No Cents ($29,000.00) in lawful money of the United States of America, together with interest on the unpaid principal balance of this Note, on the terms and conditions described below.

 

                1.             Principal.  The principal balance of this Note shall be repayable on the earlier of (i) May 28, 2007 or (ii) the date on which Maker consummates an initial public offering of its securities.

 

                2.             Interest.   Interest shall accrue at the rate of 6% annually (non-compounded) on the unpaid principal balance of this Note and shall be calculated based on a 365-day year.

 

                3.             Application of Payments.  All payments shall be applied first to payment in full of any costs incurred in the collection of any sum due under this Note, including (without limitation) reasonable attorneys’ fees, then to the payment in full of any late charges and finally to the reduction of the unpaid principal balance of this Note.

 

                4.             Events of Default. The following shall constitute Events of Default:

 

                                (a)           Failure to Make Required Payments.  Failure by Maker to pay the principal of or accrued interest on this Note within five (5) business days following the date when due.

 

                                (b)           Voluntary Bankruptcy, Etc.  The commencement by Maker of a voluntary case under the Federal Bankruptcy Code, as now constituted or hereafter amended, or any other applicable federal or state bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

 

                                 (c)          Involuntary Bankruptcy, Etc.  The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker in an involuntary case under the Federal Bankruptcy Code, as now or hereafter constituted, or any other applicable federal or state bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering the winding-up or liquidation of the affairs of Maker, and the 

continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days.

 

                5.             Remedies.

 

                                (a)           Upon the occurrence of an Event of Default specified in Section 4(a), Payee may, by written notice to Maker, declare this Note to be due and payable, whereupon the principal amount of this Note, and all other amounts payable thereunder, shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

 

                                 (b)          Upon the occurrence of an Event of Default specified in Sections 4(b) and 4(c), the unpaid principal balance of, and all other sums payable with regard to, this Note shall automatically and immediately become due and payable, in all cases without any action on the part of Payee.

 

                 6.            Waivers.   Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof, on any writ of execution issued hereon, may be sold upon any such writ in whole or in part in any order desired by Payee.

 

                 7.            Unconditional Liability.  Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may become parties hereto without notice to them or affecting their liability hereunder.

 

                8.             Notices.  Any notice called for hereunder shall be deemed properly given if (i) sent by certified mail, return receipt requested, (ii) personally delivered, (iii) dispatched by any form of private or governmental express mail or delivery service providing receipted delivery, (iv) sent by telefacsimile or (v) sent by e-mail, to the following addresses or to such other address as either party may designate by notice in accordance with this Section:

If to the Maker:

InterAmerican Acquisition Group Inc. 

2918 Fifth Avenue South, Suite 209

San Diego, California 92103

Attn:

William C. Morro, Chief Executive Officer

 

If to the Payee:

InterAmerican Advisors, LLC  

2918 Fifth Avenue South, Suite 209

San Diego, California 92103

Attn:

Dr. Richard N. Sinkin 

 

Notice shall be deemed given on the earlier of (i) actual receipt by the receiving party, (ii) the date shown on a telefacsimile transmission confirmation, (iii) the date on which an e-mail transmission was received by the receiving party’s on-line access provider (iv) the date reflected on a signed delivery receipt, or (vi) two (2) Business Days following tender of delivery or dispatch by express mail or delivery service.

 

                9.             Construction.  This Note shall be construed and enforced in accordance with the domestic, internal law, but not the law of conflict of laws, of the State of California.

 

                10.           Severability.  Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

                IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this Note to be duly executed by its Chief Executive Officer the day and year first above written.

 

 

INTERAMERICAN ACQUISITION GROUP INC. 

By:  /s/ William C. Morro 

       

       Name: William C. Morro

     

       Title:   Chief Executive Officer

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