Administrative Services Agreement between Equity Distribution Acquisition Corp. and Equity Distribution Sponsor LLC
This agreement is between Equity Distribution Acquisition Corp. and Equity Distribution Sponsor LLC. The Sponsor will provide office space and administrative services to the Company at a specified Chicago address, starting from the effective date of the Company's IPO registration statement until either a business combination is completed or the Company is liquidated. The Company will pay $10,000 per month for these services. The Sponsor waives any claim to funds held in the Company's IPO trust account and agrees not to seek recourse against those funds.
Exhibit 10.4
EQUITY DISTRIBUTION ACQUISITION CORP.
Two North Riverside Plaza, Suite 600
Chicago, IL 60606
September 15, 2020
Equity Distribution Sponsor LLC
Two North Riverside Plaza, Suite 600
Chicago, IL 60606
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 Equity Distribution Acquisition Corp. (the “Company”) and continuing until the earlier of (i) the completion 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”), Equity Distribution Sponsor LLC (the “Sponsor”) 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 Two North Riverside Plaza, Suite 600, Chicago, IL 60606 (or any successor location). In exchange therefore, the Company shall pay an affiliate of the Sponsor a sum of $10,000 per month on the Effective Date and continuing monthly thereafter until the Termination Date. The 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 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, | ||
| EQUITY DISTRIBUTION ACQUISITION CORP. | ||
| By: | /s/ Philip Tinkler | |
| Name: | Philip Tinkler | |
| Title: | Chief Financial Officer | |
[Signature Page to Administrative Services Agreement]
| AGREED TO AND ACCEPTED BY: | ||
| EQUITY DISTRIBUTION SPONSOR LLC | ||
| By: | /s/ Philip Tinkler | |
| Name: | Philip Tinkler | |
| Title: | Chief Financial Officer | |
[Signature Page to Administrative Services Agreement]
