CAPITOL ACQUISITION CORP. III
Exhibit 10.7
000 0xx Xxxxxx, X.X.
Washington, D.C. 20004
October 13, 2015
Venturehouse Group, LLC
000 0xx Xxxxxx, X.X.
Washington, D.C. 20004
Xxxxxx Capital Management, LLC
000 Xxxx Xxxxxxxxxxxx Xxxxxx
Towson, MD 21204
Ladies and Gentlemen:
This letter will confirm our agreement that, commencing on the effective date (the “Effective Date”) of the registration statement (the “Registration Statement”) for the initial public offering (the “IPO”) of the securities of Capitol Acquisition Corp. III (the “Company”) and continuing until the earlier of (i) the consummation by the Company of an initial business combination or (ii) the Company’s liquidation (in each case as described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”), Venturehouse Group, LLC and Xxxxxx Capital Management, LLC shall make available to the Company certain office space and administrative and support services as may be required by the Company from time to time, situated at 000 0xx Xxxxxx, X.X., Xxxxxxxxxx, X.X. 00000 (or any successor location) and 000 Xxxx Xxxxxxxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxx 00000 (or any successor location), respectively. In exchange therefore, the Company shall pay Venturehouse Group, LLC and Xxxxxx Capital Management, LLC the sum of $7,500 per month and $2,500 per month, respectively, on the Effective Date and continuing monthly thereafter until the Termination Date. Each of Venturehouse Group, LLC and Xxxxxx Capital Management, LLC hereby agrees that it does not have any right, title, interest or claim of any kind in or to any monies that may be set aside in a trust account (the “Trust Account”) that may be established upon the consummation of the IPO (the “Claim”) and hereby waives any Claim it may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever.
| Very truly yours, | ||
| CAPITOL ACQUISITION CORP. III | ||
| By: | /s/ X. Xxxxx Xxxxxx | |
| Name: X. Xxxxx Xxxxxx | ||
| Title: Chief Financial Officer | ||
| AGREED TO AND ACCEPTED BY: | ||
| VENTUREHOUSE GROUP, LLC | ||
| By: | /s/ Xxxx X. Xxx | |
| Name: Xxxx X. Xxx | ||
| Title: Chief Executive Officer | ||
| XXXXXX CAPITAL MANAGEMENT, LLC | ||
| By: | X. Xxxxx Xxxxxx | |
| Name: X. Xxxxx Xxxxxx | ||
| Title: Member | ||
