Form of Administrative Services Agreement between the Registrant and Mericsson Sponsor LLC
Mericsson Acquisition Corporation
RM 1302, 13/F Cheong K
Building 84-86 Des Voeux Road
Central, Hong Kong
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 Mericsson Acquisition Corporation (the “Company”) and continuing until the earlier of (i) the consummation by the Company of an initial business combination and (ii) the Company’s liquidation (in each case as described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”), Mericsson Sponsor LLC shall make available to the Company certain office space and administrative and support services as may be required by the Company from time to time, at RM 1302, 13/F Cheong K, Building 84-86 Des Voeux Road, Central, Hong Kong. In exchange therefore, the Company shall pay Mericsson Sponsor LLC $10,000 per month on the Effective Date and continuing monthly thereafter until the Termination Date.
Mericsson Sponsor LLC 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 upon the consummation of the IPO and will not seek recourse against the Trust Account for any reason whatsoever.
This agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by the parties hereto.
No party hereto may assign this agreement or any rights, interests or contracted 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 agreement 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 law principles.
|Very truly yours,|
|Mericsson Acquisition Corporation|
|Name: Andy Kwok|
|Title: Chief Executive Officer|
AGREED TO AND ACCEPTED BY:
|Mericsson Sponsor LLC|
|Name: Andy Kwok|
|Title: Managing Member|
[Signature page to Administrative Services Agreement]