DRAPER OAKWOOD TECHNOLOGY ACQUISITION, INC. c/o Draper Oakwood Investments, LLC
Exhibit 10.7
XXXXXX OAKWOOD TECHNOLOGY ACQUISITION, INC.
c/x Xxxxxx Oakwood Investments, LLC
00 Xxxx 0xx Xxx.
Xxx Xxxxx, XX 00000
September 14, 2017
Xxxxxx Oakwood Investments, LLC
00 Xxxx 0xx Xxx.
Xxx Xxxxx, XX 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 the securities of Xxxxxx Oakwood Technology Acquisition, Inc. (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”), Xxxxxx Oakwood Investments, 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 00 Xxxx 0xx Xxx., Xxx Xxxxx, XX 00000 (or any successor location). In exchange therefor, the Company shall pay Xxxxxx Oakwood Investments, LLC the sum of $10,000 per month on the Effective Date and continuing monthly thereafter until the Termination Date. Xxxxxx Oakwood Investments, 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 as a result of this letter agreement (the “Claim”) and hereby waives any Claim it may have in the future as a result of, or arising out of, this letter agreement and will not seek recourse against the Trust Account for any reason whatsoever.
Very truly yours, | ||
XXXXXX OAKWOOD TECHNOLOGY ACQUISITION, INC. | ||
By: | /s/ Xxxxx Xxxxxxx | |
Name: Xxxxx Xxxxxxx | ||
Title: Chief Executive Officer |
AGREED TO AND ACCEPTED BY:
XXXXXX OAKWOOD INVESTMENTS, LLC | ||
By: | /s/ Xxxxx Xxxxxxx | |
Name: Xxxxx Xxxxxxx | ||
Title: Managing Member |