Administrative Support Agreement, dated January 7, 2022, by and between the Registrant and Fat Ventures Pte. Ltd

EX-10.8 16 aurafat_ex10-8.htm EXHIBIT 10.8

 

Exhibit 10.8

 

AURA FAT PROJECTS ACQUISITON CORP

27 Bukit Manis Road

Singapore, 099892

January 7, 2022

Fat Ventures Pte. Ltd.

27 Bukit Manis Road

Singapore, 099892

Ladies and Gentlemen:

This letter will confirm our agreement that, commencing on the earlier of (i) the initial filing date (the “Commencement Date”) of the draft registration statement (the “Registration Statement”) for the initial public offering (the “IPO”) of the securities of Aura FAT Projects Acquisition Corp (the “Company”) and (ii) February 1, 2022 and continuing until the earlier of (i) the consummation by the Company of an initial business combination and (ii) the Company’s liquidation (in each case as described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”), Fat Ventures Pte. Ltd. (the “Fat Ventures”) shall take steps directly or indirectly to make available to the Company certain office space, secretarial and administrative services as may be required by the Company from time to time, situated at 27 Bukit Manis Road, Singapore 099892 (or any successor location). In exchange therefore, the Company shall pay Fat Ventures a sum of $20,000 per month on the Commencement Date and continuing monthly thereafter until the Termination Date. Fat Ventures hereby agrees that it does not have any right, title, interest, causes of action or claim of any kind (a “Claim”) 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 and hereby irrevocably waives any Claim it may have in the future (including, but not limited to which would reduce, encumber or otherwise adversely affect the Trust Account) 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.

This letter agreement constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby.

This letter agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by the parties hereto.

The parties may not assign this letter agreement and any of their rights, interests, or obligations hereunder without the consent of the other party.

This letter agreement shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State of New York, without giving effect to its choice of laws principles that will apply the laws of another jurisdiction.

 

This letter agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this letter agreement.

[Signature Page Follows]

 

  

 

 

  Very truly yours,
   
  AURA FAT PROJECTS ACQUISITION CORP
     
  By:

/s/ David Andrada

  Name: David Andrada
  Title: Director

 

AGREED TO AND ACCEPTED BY:  
   
FAT VENTURES PTE. LTD.  
     
By:

/s/ David Andrada

 
Name:    
Title:    

[Signature Page to Administrative Support Agreement]