Exhibit
10.7


 


MODEL
PERFORMANCE ACQUISITION CORP.





Cheung
Kong Center





58
Floor, Unit 5801





2
Queens Road Central





Central,
Hong Kong


 


[•],
2021


 


First
Euro Investments Limited

Cheung Kong Center




58
Floor, Unit 5801




2
Queens Road Central




Central,
Hong Kong


 


Re: Administrative
Support Agreement


 


Ladies
and Gentlemen:


 


This
letter agreement by and between Model Performance Acquisition Company (the “Company”) and First Euro Investments
Limited (“First Euro”) 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 (Registration No. 333-[   ]) and related 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 (as
defined in the Registration Statement) 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)
First Euro shall make available, or cause to be made available, to the Company, at Cheung Kong Center, 58 Floor, Unit 5801, 2
Queens Road Central, Central, Hong Kong (or any successor location of First Euro), certain office space, utilities and secretarial
and administrative support as may be reasonably required by the Company. In exchange therefor, the Company shall pay First Euro
the sum of $10,000 per month on the Listing Date and continuing monthly thereafter until the Termination Date; and


 


(ii) First
Euro Investments Limited hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind
as a result of, or arising out of, this letter agreement in or to, and any and all right to seek payment of any amounts due to
it (each, a “Claim”) 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 may have in the future, 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 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 constitutes 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 law principles.


 


[Signature
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    2


     


    

 


	 	Very truly yours,
	 	 
	 	MODEL PERFORMANCE ACQUISITION CORP.
	 	 	 
	 	By:	 
	 	Name:
	 	Title:
	 	 
	 	AGREED TO AND ACCEPTED BY:
	 	 
	 	FIRST EURO INVESTMENTS LIMITED
	 	 	 
	 	By:	 
	 	Name:
	 	Title:







 


[Signature
Page to Administrative Support Agreement]