Document:

Lone
Oak Acquisition Corporation

     

    Room 1708
Dominion Centre

    43-59
Queen’s Road East

    Wanchai,
Hong Kong

     

    
      
        
          	
                  _________________,
      2011

                

        

      

    

    

    BBS
Capital Fund, L.P.

    4975
Preston Park Boulevard

    Suite
775W

    Plano,
Texas 75093

    

    Rampant
Dragon, LLC

    6416
Santa Rosa Drive

    Plano,
Texas 75024

    

    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 Lone Oak Acquisition Corporation (the “Company”) and
continuing until the consummation by the Company of a business combination or
the distribution of the funds held in the trust account to the Company’s then
public shareholders (as described in the Registration Statement), BBS Capital
Fund, L.P. and Rampant Dragon, LLC (the “Firms”) 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 [__________________] (or any successor location). In exchange
therefore, the Company shall pay the Firms at the rate of an aggregate of $7,500
per month.

    

    
      
        
          	 
      	
                  Very
      truly yours,

                
	 
      	 
      
	 
      	
                  LONE
      OAK ACQUSITION CORPORATION

                
	 
      	 
      
	 
      	
                  By: 

                	 
      
	 
      	 
      	
                  Name:
      Baris Merzeci

                
	 
      	 
      	
                  Title:
      Chief Executive Officer

                

        

      

    

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    Agreed to
and Accepted by:

     

    BBS
Capital Fund, LP

    

    
      
        
          
            	
                    By: 

                  	 
      
	 
      	
                    Name:

                  
	 
      	
                    Title:

                  
	
                    Rampant
      Dragon, LLC

                  
	 
      	 
      
	
                    By:

                  	 
      
	 
      	
                    Name:

                  
	 
      	
                    Title:

                  

          

        

      

    

     

    
      
         

      

      
        2APPLICATION
FOR SHARES

    

    
      
        	
                To:

              	
                Lone Oak Acquisition Corp.

              	
                 (the
      “Company”)

              
	 
      	
                Cricket
      Square

              
	 
      	
                Hutchins
      Drive

              
	 
      	
                PO
      Box 2681

              
	 
      	
                Grand
      Cayman, KY1-1111

              
	 
      	
                Cayman
      Islands

              

      

    

    

    Attention:    
The Board of Directors

     

    Date:  
June 17, 2010

I apply
for and request you to allot to me 10,000 shares with a
par value of $0.001 in the capital
of the Company, and undertake to pay all calls made upon the said shares as and
when required by the directors to do so.

     

    I agree
to take the said shares subject to the Memorandum and Articles of Association of
the Company and I authorise you to enter the following name and address in the
Register of Members of the Company:

    

    
      
        	
                Name:

              	
                Can
      Aydinoglu

              
	 
      	 
      
	
                Address:

              	
                Degirmenyolu
      Sok. Kutay Is Mer. C, B1.K1. Bostanci,

              
	 
      	
                Kadikoy,
      Istanbul, Turkey

              

      

    

    

    I
designate the following telephone and facsimile numbers and e-mail address for
service of notice of all members’ meetings. Notice by telephone or facsimile to
either of the said numbers or electronic mail to the stated e-mail address will
constitute good and sufficient notice to myself and I agree to advise you of any
change in these particulars:

     

    Tel:
 +90 (532) 266 76 13

    Fax: +90
(216) 577 11 78 

    E-mail
address: canaydinoglu@gmail.com

     

    Yours
faithfully,

    

    
      
        
          	
                  /s/ Can Aydinoglu

                	 
      

        

      

    

    Can
AydinogluAPPLICATION
FOR SHARES

     

    To:                Lone Oak Acquisition
Corp.                                   
  (the “Company”)

    Cricket Square

    Hutchins Drive

    PO Box 2681

    Grand Cayman, KY1-1111

    Cayman Islands

     

    Attention:     The
Board of Directors

     

    Date:
June 17, 2010

     

    We apply
for and request you to allot to us 473,750 shares with a par value of $0.001 in
the capital of the Company, and undertake to pay all calls made upon the said
shares as and when required by the directors to do so.

     

    We agree
to take the said shares subject to the Memorandum and Articles of Association of
the Company and we authorise you to enter the following name and address in the
Register of Members of the Company:

     

    Name:               BBS
Capital Fund, LP

     

    Address:   
       4975 Preston Park
Boulevard

                                     Suite
775W

                                    
Plano, TX 75093 USA

    

    We
designate the following telephone and facsimile numbers and e-mail address for
service of notice of all members’
meetings. Notice by telephone or facsimile to either of the said numbers or
electronic mail to the stated e-mail address will constitute good and sufficient
notice to ourselves and we agree to advise you of any change in these
particulars:

    

    Tel: 972
– 985 – 2190

    Fax: 972
– 985 – 2101

    E-mail
address: berkebakay@bbscapitalmanagement.com

    

    
      
        
          
            
              
                
                  
                    	Yours
      faithfully,	
                            
                              Berke
      Bakay

                            

                          	
                             

                          
	 
      	 
      	 
	/s/
      Berke Bakay	
                             

                          	 
      
	
                            For
      and on behalf of

                          	 
      
	
                            BBS
      Capital Fund, LPAPPLICATION
FOR SHARES

    

    
      
        
          	
                  To:

                	
                  Lone Oak Acquisition Corp.

                	
                  (the
      “Company”)

                
	 
      	
                  Cricket
      Square

                	 
      
	 
      	
                  Hutchins
      Drive

                	 
      
	 
      	
                  PO
      Box 2681

                	 
      
	 
      	
                  Grand
      Cayman, KY1-1111

                	 
      
	 
      	
                  Cayman
      Islands

                	 
      
	 
      	 
      	 
      
	
                  Attention:

                	
                  The
      Board of Directors

                	 
      

        

      

    

     

    Date: June 17, 2010

     

    I apply
for and request you to allot to me 9,999 shares with a par value of $0.001 in
the capital of the Company, and undertake to pay all calls made upon the said
shares as and when required by the directors to do so.

     

    I agree
to take the said shares subject to the Memorandum and Articles of Association of
the Company and I authorise you to enter the following name and address in the
Register of Members of the Company:

     

    
      	  	
              Name:

            	
              Berke
      Bakay

            

    

     

    
      	  	
              Address:

            	
              4975
      Preston Park Blvd., Suite# 775W, Piano TX 75093,

              United
      States of America

            

    

     

    I
designate the following telephone and facsimile numbers and e-mail address for
service of notice of all members’ meetings. Notice by telephone or facsimile to
either of the said numbers or electronic mail to the stated e-mail address will
constitute good and sufficient notice to myself and I agree to advise you of any
change in these particulars:

     

    
      	  	
              Tel:

            	
              972
      – 985 - 2190

            

    

    
      	  	
              Fax:

            	
              972-985-2101

            

    

    
      	  	
              E-mail
      address:

            	
              berkebakay@bbscapitalmanagement.com

            

    

    

    
      
        	
                Yours
      faithfully,

              	 
      
	 
      	 
      
	
                /s/ Berke Bakay

              	 
      
	
                Berke
      BakayAPPLICATION
FOR SHARES

    

    
      
        	
                To:

              	
                Lone Oak Acquisition Corp.

              	
                (the
      “Company”)

              
	 
      	
                Cricket
      Square

              	 
      
	 
      	
                Hutchins
      Drive

              	 
      
	 
      	
                PO
      Box 2681

              	 
      
	 
      	
                Grand
      Cayman, KYl-ll11

              	 
      
	 
      	
                Cayman
      Islands

              	 
      
	 
      	 
      	 
      
	
                Attention:

              	
                The
      Board of Directors

              	 
      

      

    

     

    Date:
June 17, 2010

     

    I apply
for and request you to allot to me 473,750 shares with a par value of $0.000 in
the capital of the Company, and undertake to pay all calls made upon the said
shares as and when required by the directors to do so.

     

    I agree
to take the said shares subject to the Memorandum and Articles of Association of
the Company and I authorise you to enter the following name and address in the
Register of Members of the Company:

     

    
      	  	
              Name:

            	
              Hauser
      Holdings LLC

            

    

     

    
      	
                

            	
              Address:

            	
              50
      South Sixth Street, Suite 1480, Minneapolis MN 55402,

              United
      States of America

            

    

     

    I
designate the following telephone and facsimile numbers and e-mail address for
service of notice of all members’
meetings. Notice by telephone or facsimile to either of the said numbers or
electronic mail to the stated e-mail address will constitute good and sufficient
notice to myself and I agree to advise you of any change in these
particulars:

     

    
      Tel:
612-325-8388

    

    
      Fax:
612-313-0134

    

    E-mail
address: akern@caprei.com

    

    
      
        	
                Yours
      faithfully.

              	 
      
	 
      	 
      
	
                /s/ Allison Kern

              	 
      
	
                Allison
      Kern, Vice Manager

              	 
      
	
                For
      and on behalf of

              	 
      
	
                Hauser
      Holdings LLC

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