Attached files

file filename
EX-99.2 - PRESS RELEASE DATED MARCH 9, 2021 - FTAC Hera Acquisition Corp.ea137144ex99-2_ftacheraacq.htm
EX-99.1 - PRESS RELEASE DATED MARCH 3, 2021 - FTAC Hera Acquisition Corp.ea137144ex99-1_ftacheraacq.htm
EX-10.5 - PURCHASE AGREEMENT, DATED MARCH 3, 2021, BETWEEN THE COMPANY AND CERTAIN FUNDS A - FTAC Hera Acquisition Corp.ea137144ex10-5_ftacheraacq.htm
EX-10.4 - PLACEMENT UNIT SUBSCRIPTION AGREEMENT, DATED MARCH 3, 2021, BETWEEN THE COMPANY - FTAC Hera Acquisition Corp.ea137144ex10-4_ftacheraacq.htm
EX-10.3 - REGISTRATION RIGHTS AGREEMENT, DATED MARCH 3, 2021, BETWEEN THE COMPANY AND CERT - FTAC Hera Acquisition Corp.ea137144ex10-3_ftacheraacq.htm
EX-10.2 - INVESTMENT MANAGEMENT TRUST AGREEMENT, DATED MARCH 3, 2021, BETWEEN CONTINENTAL - FTAC Hera Acquisition Corp.ea137144ex10-2_ftacheraacq.htm
EX-10.1 - LETTER AGREEMENT, DATED MARCH 3, 2021, BY AND AMONG THE COMPANY AND CERTAIN SECU - FTAC Hera Acquisition Corp.ea137144ex10-1_ftacheraacq.htm
EX-4.1 - WARRANT AGREEMENT, DATED MARCH 3, 2021, BETWEEN CONTINENTAL STOCK TRANSFER & TRU - FTAC Hera Acquisition Corp.ea137144ex4-1_ftacheraacq.htm
EX-3.1 - AMENDED AND RESTATED MEMORANDUM AND ARTICLES OF ASSOCIATION, FILED WITH THE CAYM - FTAC Hera Acquisition Corp.ea137144ex3-1_ftacheraacq.htm
EX-1.1 - UNDERWRITING AGREEMENT, DATED MARCH 3, 2021, AMONG THE COMPANY AND CITIGROUP GLO - FTAC Hera Acquisition Corp.ea137144ex1-1_ftacheraacq.htm
8-K - CURRENT REPORT - FTAC Hera Acquisition Corp.ea137144-8k_ftacheraacq.htm

Exhibit 10.6

 

FTAC HERA ACQUISITION CORP.

2929 Arch Street, Suite 1703

Philadelphia, PA 19104

 

March 3, 2021

 

FTAC Hera Sponsor, LLC

2929 Arch Street, Suite 1703

Philadelphia, PA 19104

 

Re: Administrative Services Agreement

 

Gentlemen:

 

This letter agreement by and between FTAC Hera Acquisition Corp., a Cayman Islands exempted company (the “Company”) and FTAC Hera Sponsor, LLC (“Sponsor”), 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”), pursuant to a Registration Statement on Form S-1 and prospectus filed with the U.S. Securities and Exchange Commission (the “Registration Statement”) and continuing until the earlier of the consummation by the Company of an initial business combination or the Company’s liquidation (in each case as described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”):

 

(i) Sponsor or one of its affiliates shall make available to the Company, at 2929 Arch Street, Philadelphia, PA (or any successor location of Sponsor or its affiliates), certain office space, administrative and shared personnel support services as may be reasonably requested by the Company. In exchange therefor, the Company shall pay Sponsor the sum of $25,000 per month on the Listing Date and continuing monthly thereafter until the Termination Date; and

 

(ii) Sponsor 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 shareholders 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 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 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 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 Commonwealth of Pennsylvania, without giving effect to its choice of laws principles.

 

[Signature pages follows]

 

 

 

 

Very truly yours,  
   
FTAC HERA ACQUISITION CORP.  
   
By: /s/ Daniel G. Cohen  
  Name:  Daniel G. Cohen  
  Title: President and Chief Executive Officer  

 

[Signature Page to Administrative Services Agreement]

 

 

 

 

AGREED TO AND ACCEPTED BY:

 

FTAC HERA SPONSOR, LLC

 

By: Hera Sponsor Interests, LLC, Its Manager  
     
By: /s/ Daniel G. Cohen  
  Name:   Daniel G. Cohen  
  Title: Chief Executive Officer  

 

[Signature Page to Administrative Services Agreement]