MELI KASZEK PIONEER CORP
78 SW 7th Street, Individual Office No. 06-117
Miami, FL 33130
MELI Kaszek Pioneer Sponsor LLC
78 SW 7th Street, Office No. 06-117
Miami, FL 33130
Re: Administrative Services Agreement
Ladies and Gentlemen:
This letter agreement (this Agreement) by and among MELI Kaszek Pioneer Corp (the Company) and MELI Kaszek Pioneer Sponsor LLC (the Sponsor), dated as of the date hereof, will confirm our agreement that, commencing on the date the securities of the Company are first listed on the Nasdaq Capital Market (the Listing Date), pursuant to a Registration Statement on Form S-1 and prospectus filed with the U.S. Securities and Exchange Commission (the Registration Statement), and continuing until the earlier of the consummation by the Company of an initial business combination or the Companys liquidation (in each case as described in the Registration Statement) (such earlier date hereinafter referred to as the Termination Date):
1. The Sponsor shall make available, or cause to be made available, to the Company, at 78 SW 7th Street, Office No. 06-117, Miami, FL 33130 (or any successor location), office space and secretarial and administrative services as may be reasonably required by the Company. In exchange therefor, the Company shall pay the Sponsor $10,000 per month, for up to 24 months (upon completion of the Companys initial business combination, any portion of the amounts due that have not yet been paid will accelerate) on the Listing Date and continuing monthly thereafter until the Termination Date; and
2. The Sponsor 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 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 shareholders of the Company and into which substantially all of the proceeds of the Companys initial public offering will be deposited (the Trust Account), and hereby irrevocably waives any Claim it may have in the future as a result of, or arising out of, this Agreement, 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 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 Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by the parties hereto.