Administrative Services Agreement between LifeSci Acquisition Corp. and Affiliate of Sponsor

Summary

LifeSci Acquisition Corp. agrees to pay an affiliate of its sponsor up to $10,000 per month for office space and administrative services starting from its IPO registration date until it completes a business combination or is liquidated. The affiliate provides these services at a specified New York address. The affiliate waives any rights to funds held in the company's IPO trust account and agrees not to seek payment from those funds under any circumstances.

EX-10.7 3 tm2011610d1_ex10-7.htm EXHIBIT 10.7

 

Exhibit 10.7

 

LIFESCI ACQUISITION CORP.
250 W. 55th St., #3401
New York, NY 10019

_____, 2020

 

[AFFILIATE OF SPONSOR]
[250 W. 55th St., #3401]
[New York, NY 10019]

 

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 LifeSci Acquisition 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”), [__], LLC (“[__]”) 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 250 W. 55th St., #3401, New York, NY 10019 (or any successor location). In exchange therefore, the Company shall pay [__] a sum not to exceed $10,000 per month, respectively, on the Effective Date and continuing monthly thereafter until the Termination Date. [__] 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,
   
  LIFESCI ACQUISITION CORP.
     
  By:    
  Name:  Andrew McDonald
  Title: Chief Executive Officer

 

AGREED TO AND ACCEPTED BY:

 

[__]

 

By:                                                                           
Name:    
Title: