Administrative Services Agreement between Health Sciences Acquisitions Corporation and Health Sciences Holdings, LLC

Summary

Health Sciences Acquisitions Corporation and Health Sciences Holdings, LLC agree that Holdings will provide office space and administrative services to the Company for a monthly fee of up to $10,000, starting from the effective date of the Company's IPO registration statement until either a business combination is completed or the Company is liquidated. Holdings waives any right to funds held in the Company's trust account for public stockholders and agrees not to seek recourse against those funds.

EX-10.7 17 s117697_ex10-7.htm EXHIBIT 10.7

 

Exhibit 10.7

 

HEALTH SCIENCES ACQUISITIONS CORPORATION
412 West 15th Street, Floor 9
New York, NY 10011

 

                        , 2019

 

Health Sciences Holdings, LLC
412 West 15th Street, Floor 9
New York, NY 10011

 

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 Health Sciences Acquisitions Corporation (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”), Health Sciences Holdings, LLC (“Health Sciences Holdings”) 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 412 West 19th Street, Floor 9, New York, NY 10011 (or any successor location). In exchange therefore, the Company shall pay Health Sciences Holdings a sum not to exceed $10,000 per month, respectively, on the Effective Date and continuing monthly thereafter until the Termination Date. Health Sciences Holdings 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,
         
      HEALTH SCIENCES ACQUISITIONS CORPORATION
         
      By:  
      Name:
      Title:
         
AGREED TO AND ACCEPTED BY:      
         
HEALTH SCIENCES HOLDINGS, LLC      
         
By:        
Name:      
Title: