Exhibit 10.5

 

Avista Healthcare Public Acquisition Corp. 
 65 East 55th Street
 18th Floor
 New York, NY 10022

 

October 10, 2016

 

Avista Capital Holdings, L.P.
 65 East 55th Street
 18th Floor
 New York, NY 10022

 

Re: Administrative Services Agreement

 

Gentlemen:

 

This letter agreement by and between Avista Healthcare Public Acquisition Corp. (the “Company”) and Avista Capital Holdings, L.P. (“Avista”), 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 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”), Avista, an affiliate of our sponsor, Avista Acquisition Corp., shall make available to the Company, at 65 East 55th Street, 18th Floor, New York, NY 10022 (or any successor location of Avista), certain administrative and support services as may be reasonably required by the Company.  In exchange therefor, the Company shall pay Avista the sum of $10,000 per month on the Listing Date and continuing monthly thereafter until the Termination Date.

 

Avista 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 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.

 

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This letter agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by all 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 laws principles.

 

This letter agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same letter agreement.

 

[Signature page follows]

 

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Very   truly yours,
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
AVISTA   HEALTHCARE PUBLIC 
    
	
 
    	
ACQUISITION   CORP.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Benjamin Silbert
    
	
 
    	
 
    	
Name:
    	
Benjamin   Silbert
    
	
 
    	
 
    	
Title:
    	
General   Counsel and Secretary
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
AGREED   TO AND ACCEPTED BY:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
AVISTA   CAPITAL HOLDINGS, L.P.
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/   David Burgstahler
    	
 
    	
 
    
	
 
    	
Name:
    	
David   Burgstahler
    	
 
    	
 
    
	
 
    	
Title:
    	
President and Chief   Executive Officer
    	
 
    	
 
    
							


 

[Signature Page to Administrative Services Agreement]