Administrative Services Agreement between Chardan NexTech Acquisition 2 Corp. and Chardan NexTech Investments 2 LLC
Chardan NexTech Acquisition 2 Corp. and Chardan NexTech Investments 2 LLC have agreed that the LLC will provide office space and administrative services to the Corp. for a monthly fee of up to $10,000, starting from the company's IPO registration and ending at either a business combination or liquidation. The LLC waives any rights to funds held in the company's trust account for public stockholders and agrees not to seek payment from those funds under any circumstances.
Exhibit 10.6
CHARDAN NEXTECH ACQUISITION 2 CORP.
17 State Street, Suite 2100
New York, NY 10004
August 10, 2021
CHARDAN NEXTECH INVESTMENTS 2 LLC
17 State Street, Suite 2100
New York, NY 10004
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 Chardan NexTech Acquisition 2 Corp. (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”), Chardan NexTech Investments 2 LLC (“Sponsor”) shall 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 17 State Street, 21st Floor, New York, NY 10004 (or any successor location). In exchange therefore, the Company shall pay Sponsor a sum not to exceed $10,000 per month, respectively, on the Effective Date and continuing monthly thereafter until the Termination Date. Sponsor 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 by the Company for the benefit of the Company’s public stockholders upon the consummation of the IPO as described in the Registration Statement (“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.
| Very truly yours, | ||
| CHARDAN NEXTECH ACQUISITION 2 CORP. | ||
| By: | /s/ Alex Weil | |
| Name: | Alex Weil | |
| Title: | Chief Financial Officer | |
| AGREED TO AND ACCEPTED BY: | ||
| CHARDAN NEXTECH INVESTMENTS 2 LLC | ||
| By: | /s/ Jonas Grossman | |
| Name: | Jonas Grossman | |
| Title: | Managing Member | |
