Administrative Services Agreement between GO Acquisition Corp. and Affiliate Provider

Contract Categories: Business Operations › Administration Agreements
Summary

GO Acquisition Corp. and an affiliate of its sponsor have entered into an agreement where the Provider will supply office space and administrative support services to the Company at a specified address. In return, the Company will pay the Provider $10,000 per month, 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 Provider waives any right to claim payment from the Company's IPO trust account. The agreement is governed by New York law and cannot be assigned without written consent.

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EX-10.9 15 fs12020a1ex10-9_goacqu.htm FORM OF ADMINISTRATIVE SERVICES AGREEMENT BETWEEN THE REGISTRANT AND ONE OR MORE AFFILIATES OF THE SPONSOR

Exhibit 10.9

 

GO Acquisition Corp.

450 West 14th Street

New York, NY 10014

 

[●], 2020

 

[●]

450 West 14th Street

New York, NY 10019

 

Re:Administrative Services Agreement

 

Ladies and Gentlemen:

 

This letter agreement by and between GO Acquisition Corp. (the “Company”) and [●] (“Provider”), dated as of the date hereof, will confirm our agreement that, commencing on the effective date (the “Effective Date”) of the Registration Statement on Form S-1 filed with the U.S. Securities and Exchange Commission (the “Registration Statement”) for the Company’s initial public offering 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.Provider shall make available, or cause to be made available, to the Company, at 450 West 14th Street, New York, NY 10014 (or any successor location of Provider), certain office space and administrative support services as may be reasonably required by the Company. In exchange therefor, the Company shall pay Provider the sum of $10,000 per month on the Effective Date and continuing monthly thereafter until the Termination Date; and

 

ii.Provider 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 stockholders of the Company and into which substantially all of the proceeds of the Company’s initial public offering will be deposited (the “Trust Account”), 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.

 

This letter agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by all 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 laws principles.

 

 

 

 

    Very truly yours,
       
    GO Acquisition Corp.
       
    By:                      
    Name:    
    Title:      
       
AGREED TO AND ACCEPTED BY:    
       
[●]    
       
By:                      
Name:        
Title:          

   

[Signature Page to Administrative Services Agreement]