Administrative Services Agreement between Everest Acquisition Corporation and Asia Pacific Capital (HK) Ltd.

Contract Categories: Business Operations › Administration Agreements
Summary

Everest Acquisition Corporation and Asia Pacific Capital (HK) Ltd. have agreed that, starting from the effective date of Everest's IPO registration statement until the company completes a business combination, Asia Pacific Capital will provide administrative, technology, secretarial services, and limited office space in Hong Kong. In return, Everest Acquisition Corporation will pay Asia Pacific Capital $7,500 per month for these services. The agreement remains in effect until the business combination is finalized.

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EX-10.5 11 v023314_ex10-5.htm
EXHIBIT 10.5
 
EVEREST ACQUISITION CORPORATION
 

Asia Pacific Capital (HK) Ltd.
15/F, The Hong Kong Club Building
3A Chater Road
Central Hong Kong
 
Gentlemen:
 
This letter will confirm our agreement, that commencing on the effective date (“Effective Date”) of the registration statement of the initial public offering (“IPO”) of the securities of Everest Acquisition Corporation (the “Company”) and continuing until the consummation by the Company of a “Business Combination” (as described in the Company’s IPO prospectus), Asia Pacific Capital (HK) Ltd. (“Asia Pacific Capital”) shall make available to the Company certain administrative, technology and secretarial services, as well as the use of certain limited office space, including a conference room, in the Hong Kong Central area as may be required by the Company from time to time, situated at 15/F, The Hong Kong Club Building, 3A Chater Road, Central Hong Kong (or any successor location). In exchange therefor, the Company shall pay to Asia Pacific Capital the sum of $7,500 per month (the “Fee”) on the Effective Date and continuing monthly thereafter.
 
Very truly yours,
 
EVEREST ACQUISITION CORPORATION
 
By:_______________________________
Name: Virendra Nath
Title: Chief Financial Officer
 
 
AGREED TO AND ACCEPTED BY:
 
ASIA PACIFIC CAPITAL (HK), LTD.
 
By: ____________________________
Name: Ashok S. Kothari
Title: Managing Director