Administrative Services Agreement

Contract Categories: Business Operations - Services Agreements
EX-10.3 7 ea133037ex10-3_vickers1.htm ADMINISTRATIVE SERVICES AGREEMENT

Exhibit 10.3 


Vickers Vantage Corp. I

1 Harbourfront Avenue, #16-06, Keppel Bay Tower

Singapore 098632, Singapore


January 6, 2020


Vickers Venture Partners

1 Harbourfront Avenue, #16-06

Keppel Bay Tower, Singapore 098632


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 securities of Vickers Vantage Corp. I (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”), Vickers Venture Partners 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, situated at 1 Harbourfront Avenue, #16-06, Keppel Bay Tower, Singapore 098632, Singapore (or any successor location) at no cost to the Company. Vickers Venture Partners 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”) to be established upon the consummation of the IPO (the “Claim”) and hereby waives any Claim it may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever.


[Signature Page Follows] 





  Very truly yours,
  By: /s/ Jeffrey Chi
    Name:   Jeffrey Chi
    Title: Chief Executive Officer


By: /s/ Jeffrey Chi  
  Name:   Jeffrey Chi  
  Title: Managing Member  


[Signature Page to Administrative Services Agreement]