Northern Genesis Acquisition Corp.
Exhibit 10.3
Northern Genesis Acquisition Corp.
0000 Xxxx Xxxxxx,
Xxxxx 0000
Xxxxxx Xxxx, XX 00000
August 17, 2020
Northern Genesis Sponsor LLC
0000 Xxxx Xxxxxx,
Xxxxx 0000
Xxxxxx Xxxx, 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 Northern Genesis 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”), Northern Genesis Sponsor 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 0000 Xxxx Xxxxxx, Xxxxx 0000, Xxxxxx Xxxx, XX 00000 (or any successor location). In exchange therefore, the Company shall pay Northern Genesis Sponsor LLC the sum of $10,000 per month on the Effective Date and continuing monthly thereafter until the Termination Date. Northern Genesis Sponsor 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, | |||
| NORTHERN GENESIS ACQUISITION CORP. | |||
| By: | /s/ Xxxxxxx Xxxxxxx | ||
| Name: | Xxxxxxx Xxxxxxx | ||
| Title: | President | ||
| AGREED TO AND ACCEPTED BY: | ||
| NORTHERN GENESIS SPONSOR LLC | ||
| By: | /s/ Xxx Xxxxxxxxx | |
| Name: Xxx Xxxxxxxxx | ||
| Title: Managing Member | ||
[Signature Page to Administrative Services Agreement]
