INTERAMERICAN ACQUISITION GROUP INC.

                                                                    June 2, 2006

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 eighteen months. Thereafter, InterAmerican Advisors, LLC will provide
administrative support without charge until the Termination Date.

                                        Very truly yours,

                                        INTERAMERICAN ACQUISITION GROUP INC.


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

AGREED TO AND ACCEPTED BY:

INTERAMERICAN ADVISORS, LLC


By: /s/ William C. Morro
    ---------------------------------
    Name: William C. Morro
    Title: Authorized Signatory