Better World Acquisition Corp.
Exhibit 10.7
Better World Acquisition Corp.
000 Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
[___], 0000
XXXX MGT II, LLC
000 Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
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 Better World Acquisition Corp’s (the “Company”) securities 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”), NGEN MGT II, 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 000 Xxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000 (or any successor location). In exchange therefore, the Company shall pay NGEN MGT II, LLC the sum of $10,000 per month on the Effective Date and continuing monthly thereafter until the Termination Date. NGEN MGT II, 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”) to 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.
[Signature Page Follows]
Very truly yours,
| |||
By: | |||
Name: | |||
Title: |
Very truly yours, | |||
PROPERTY SOLUTIONS ACQUISITION CORP. | |||
By: | /s/ Xxxxxx Xxxxx | ||
Name: | Xxxxxx Xxxxx | ||
Title: | Co-Chief Executive Officer |
AGREED TO AND ACCEPTED BY: | ||
NGEN MGT II, LLC | ||
By: | ||
Name: | ||
Title: |
[Signature Page to Administrative Services Agreement]