Exhibit 10.6


 


MODEL
PERFORMANCE ACQUISITION CORP.

Cheung Kong Center

58 Floor, Unit 5801

2 Queens Road Central

Central, Hong Kong


 


April 7,
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. 333-253877) 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 Page Follows]


 






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	 	Very truly yours,
	 	 
	 	MODEL PERFORMANCE ACQUISITION CORP. 
	 	 
	 	 
	 	By:	/s/ Serena Shie
	 	 	Name: Serena Shie
	 	 	Title: Chief Financial Officer
	 	 
	 	 
	 	AGREED TO AND ACCEPTED BY:
	 	 
	 	FIRST EURO INVESTMENTS LIMITED
	 	 
	 	By:	/s/ Serena Shie
	 	 	Name: Serena Shie
	 	 	Title: Authorized Signatory




 


[Signature Page to Administrative Support Agreement]