Form of Administrative Service Agreement

Contract Categories: Business Operations - Services Agreements
EX-10.10 22 bukit_ex1010.htm FORM OF ADMINISTRATIVE SERVICE AGREEMENT bukit_ex1010.htm

EXHIBIT 10.10

 

Bukit Jalil Global Acquisition 1 Ltd.

31-1 Taman Miharja Phase 3B, Jalan 3/93, 2 ½ Miles, Cheras

Kuala Lumpur, Malaysia 55200

☐, 2023

 

Bukit Jalil Global Investment Ltd.

PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands

 

Re:

Administrative Service Agreement

 

Ladies and Gentlemen:

 

This letter agreement by and between Bukit Jalil Global Acquisition 1 Ltd. (the “Company”) and Bukit Jalil Global Investment Ltd. (the “Sponsor”), dated as of the date hereof, will confirm our agreement that, commencing on the date of the Company’s final prospectus (the “Start Date”), pursuant to a Registration Statement on Form S-1 and prospectus filed with the U.S. Securities and Exchange Commission (the “Registration Statement”) and continuing until the earlier of the consummation by the Company of an initial business combination or the Company’s liquidation (in each case as described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”):

 

(i) The Sponsor shall make available, or cause to be made available, to the Company, at 31-1 Taman Miharja Phase 3B, Jalan 3/93, 2 ½ Miles, Cheras Kuala Lumpur, Malaysia 55200 (or any successor location of the Sponsor), certain office space, utilities and secretarial and administrative support as may be reasonably required by the Company. In exchange therefor, the Company shall pay to the Sponsor the sum of $10,000 per month for up to 12 months commencing on the Start Date;

 

(ii) The Sponsor hereby agrees that the Company may delay payment of such monthly fee upon a determination by the Company’s audit committee that the Company lacks sufficient funds held outside the Trust Account (defined below) to pay actual or anticipated expenses in connection with the Company’s initial business combination as described in the Registration Statement. Any such unpaid amount will accrue without interest and be due and payable no later than the date of the consummation of the Company’s initial business combination; and

 

(iii) The Sponsor hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind as a result of, or arising out of, this letter agreement (each, a “Claim”) in or to, and any and all right to seek payment of any amounts due to it out of, the trust account established for the benefit of the public shareholders of the Company and into which substantially all of the proceeds of the Company’s initial public offering will be deposited (the “Trust Account”) as a result of, or arising out of, this letter agreement, and hereby irrevocably waives any Claim it may have in the future, which Claim would reduce, encumber or otherwise adversely affect the Trust Account or any monies or other assets in the Trust Account, and further agrees not to seek recourse, reimbursement, payment or satisfaction of any Claim against the Trust Account or any monies or other assets in 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.

 

 
1
 

 

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.

 

No party hereto may assign either this letter agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee.

 

This letter agreement constitutes the entire relationship of the parties hereto, and any litigation between the parties (whether grounded in contract, tort, statute, law or equity) 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 law principles.

 

[Signature Page Follows]

 

 
2
 

 

 

Very truly yours,

 

 

 

 

Bukit Jalil Global Acquisition 1 Ltd.

 

 

 

 

 

By:

 

 

Name: Seck Chyn Foo

 

 

 

Title: Chief Executive Officer

 

 

[Signature Page to Administrative Service Agreement – the Company]

 

 
3
 

 

AGREED TO AND ACCEPTED BY:

 

Bukit Jalil Global Investment Ltd.

 

By:

 

 

Name: 

Chyi Chyi Ooi

 

 

Title:

Sole Director

 

 

[Signature Page to Administrative Service Agreement – the Sponsor]

 

 
4