Commitment Letter between Jianming Hao and Sino Mercury Acquisition Corp. for Loan Support
Jianming Hao agrees to provide loans of up to $200,000 to Sino Mercury Acquisition Corp. if needed, until the company completes its initial business combination. If the business combination does not occur, any loaned amounts will be forgiven unless the company has funds outside its trust account. This letter outlines the financial support commitment and the conditions for repayment or forgiveness.
Exhibit 10.7
Sino Mercury Acquisition Corp.
7/F Metropolis Tower,
No.2 Dongsan Street, Zhongguancun Xi Zone
Haidian District, Beijing, 100080, China
This letter is to confirm the undersigned's commitment to Sino Mercury Acquisition Corp. (the “Company”) that, through the consummation of the Company’s initial business combination (as described in the Company's final prospectus, dated August 26, 2014), if funds are needed by the Company and upon request by the Company, the undersigned will provide loans of up to an aggregate of $200,000 to the Company. The undersigned understands that if the Company does not consummate a business combination, all amounts loaned to the Company hereunder will be forgiven except to the extent that the Company has funds available to it outside of its trust account established in connection with the Company's initial public offering.
/s/ Jianming Hao
Jianming Hao
