Administrative Services Agreement, dated February 6, 2019, between the Company and Monocle Management LLC

EX-10.6 11 tv513034_ex10-6.htm EXHIBIT 10.6


Exhibit 10.6


Monocle Acquisition Corporation

750 Lexington Avenue, Suite 1501

New York, NY 10022


February 6, 2019


Monocle Management LLC

750 Lexington Avenue, Suite 1501

New York, NY 10022


Re: Administrative Services Agreement


Ladies and Gentlemen:


This letter agreement by and between Monocle Acquisition Corporation (the “Company”) and Monocle Management LLC (“Management”), 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”), and continuing until the earlier of the consummation by the Company of an initial business combination and the Company’s liquidation (in each case as described in the Company’s Registration Statement on Form S-1 (File No. 333-228470) filed with the Securities and Exchange Commission) (such earlier date hereinafter referred to as the “Termination Date”), Management shall make available to the Company certain office space and general and administrative services as may be reasonably requested by the Company. In exchange therefor, the Company shall pay Management the sum of $10,000 per month on the Listing Date and continuing monthly thereafter until the Termination Date.


Management hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind (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 has or may have in the future as a result of, or arising out of, this letter 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 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, 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.


[Signature page follows]





  Very truly yours,
  Monocle Acquisition Corporation
  By: /s/ Eric J. Zahler
    Name: Eric J. Zahler
    Title: President and Chief Executive Officer




Monocle management LLC


By:   /s/ Sai S. Devabhaktuni  
  Name: Sai S. Devabhaktuni  
  Title: Manager  


[Signature Page to Administrative Services Agreement]