Administrative Services Agreement between Alpine Acquisition Corporation and Alpine Acquisition Sponsor LLC
Alpine Acquisition Corporation and Alpine Acquisition Sponsor LLC have agreed that, starting from the company's IPO registration and continuing until either a business combination or company liquidation, the Sponsor will provide office space and administrative support to the Company for $10,000 per month. The Sponsor waives any rights to funds held in the Company's IPO trust account and agrees not to seek payment from those funds under any circumstances.
Exhibit 10.3
Alpine Acquisition Corporation
10141 N. Canyon View Lane
Fountain Hills, Arizona 85268
August 30, 2021
Alpine Acquisition Sponsor LLC
10141 N. Canyon View Lane
Fountain Hills, Arizona 85268
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 securities of Alpine Acquisition Corporation (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”), Alpine Acquisition Sponsor 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 10141 N. Canyon View Lane, Fountain Hills, Arizona 85268 (or any successor location) for $10,000 per month. Alpine Acquisition 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, | |||
ALPINE ACQUISITION CORPORATION | |||
By: | /s/ Kim Schaefer | ||
Name: | Kim Schaefer | ||
Title: | Chief Executive Officer |
AGREED TO AND ACCEPTED BY: | |||
ALPINE ACQUISITION SPONSOR LLC | |||
By: | /s/ Elan Blutinger | ||
Name: | Elan Blutinger | ||
Title: | Managing Member |
[Signature Page to Administrative Services Agreement]