Administrative Services Agreement between Union Acquisition Corp. II and UCG International Corp.
Union Acquisition Corp. II and UCG International Corp. have agreed that UCG International Corp. will provide office space and administrative support to Union Acquisition Corp. II starting from the company's IPO and continuing until either a business combination is completed or the company is liquidated. In return, Union Acquisition Corp. II will pay UCG International Corp. $10,000 per month. UCG International Corp. waives any rights to funds held in the company's IPO trust account and agrees not to make claims against those funds under this agreement.
Exhibit 10.4
UNION ACQUISITION CORP. II
444 Madison Ave, 34th Floor
New York, NY 10022
October 17, 2019
UCG International Corp.
400 Madison Ave, Suite 11A
New York, NY 10017
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 Union Acquisition Corp. II (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”), UCG International Corp. 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. In exchange therefor, the Company shall pay UCG International Corp. the aggregate sum of $10,000 per month on the Effective Date and continuing monthly thereafter until the Termination Date. UCG International Corp. 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 as a result of this letter agreement (the “Claim”) and hereby waives any Claim it may have in the future as a result of, or arising out of, this letter agreement and will not seek recourse against the Trust Account with respect to this letter agreement for any reason whatsoever.
| Very truly yours, | |||
| UNION ACQUISITION CORP. II | |||
| By: | /s/ Kyle P. Bransfield | ||
| Name: | Kyle P. Bransfield | ||
| Title: | Chief Executive Officer | ||
| AGREED TO AND ACCEPTED BY: | |||
| UCG INTERNATIONAL CORP. | |||
| By: | /s/ Juan Sartori | ||
| Name: | Juan Sartori | ||
| Title: | |||
