Document:

Exhibit
10.10

 

AlphaVest
Acquisition Corp

500
5th Avenue, Suite 938

New
York, NY 10110

 

[●],
2022

 

AlphaVest
Holding LP

500
5th Avenue, Suite 938

New
York, NY 10110

 

Re: Administrative
Services Agreement

 

Ladies
and Gentlemen:

 

This
letter agreement (this “Agreement”) by and between AlphaVest Acquisition Corp (the “Company”)
and AlphaVest Holding LP (“AlphaVest”), 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 Global 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”):

 

1.
AlphaVest shall make available, or cause to be made available, to the Company, at [500 5th Avenue, Suite 938, New York,
NY 10110], or any successor location, office space and secretarial and administrative services as may be reasonably required by the Company.
In exchange therefor, the Company shall pay AlphaVest $10,000 per month on the Listing Date and continuing monthly thereafter until the
Termination Date; and

 

2.
AlphaVest 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 Agreement (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 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
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
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 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
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.

 

[Signature
Page Follows] 

 

    	 

    	 

    

 

	 	Very
    truly yours, 
	 	 
	 	ALPHAVEST
    ACQUISTION CORP
	 	 	 
	 	By: 	 
	 	 	Name: 	 
	 	 	Title:	                 

 

	AGREED
    AND ACCEPTED BY:	 
	 	 
	ALPHAVEST
    HOLDING LP

     
	 
	By: 	 	 
	 	Name: 	 	 
	 	Title:	          	 

 

[Signature
Page to Administrative Services Agreement]Exhibit
10.11

 

SECURITIES
ESCROW AGREEMENT

 

This
Securities Escrow Agreement, dated as of [●], 2022 (“Agreement”), by and among AlphaVest Acquisition
Corp, a Cayman Islands exempted company (the “Company”), the initial shareholders listed on Exhibit A attached
hereto (each, an “Initial Shareholder” and collectively the “Initial Shareholders) and
Continental Stock Transfer & Trust Company, a New York corporation (the “Escrow Agent”).

 

WHEREAS,
the Company has entered into an Underwriting Agreement, dated as of [•], 2022 (“Underwriting Agreement”),
with EarlyBirdCapital, Inc. (“EBC”), acting as the representative of the underwriters (collectively, the “Underwriters”),
pursuant to which, among other matters, the Underwriters have agreed to purchase 6,000,000 units (“Units”)
of the Company, plus an additional 900,000 Units if the Underwriters exercise their over-allotment option in full. Each Unit consists
of one ordinary share of the Company, $0.0001 par value (“Ordinary Shares”), and one right, with each right
entitling the holder to receive one-tenth of an Ordinary Share, all as more fully described in the Company’s final Prospectus,
dated [●], 2022 (“Prospectus”), comprising part of the Company’s Registration Statement on Form
S-1 (File No. 333-[●]) under the Securities Act of 1933, as amended (“Registration Statement”), declared
effective on [●], 2022 (“Effective Date”).

 

WHEREAS,
the Initial Shareholders have agreed as a condition of the sale of the Units to deposit their founder shares (as defined in the Prospectus),
as set forth opposite their respective names in Exhibit A attached hereto (“Escrow Shares”), in escrow as hereinafter
provided.

 

WHEREAS,
the Company and the Initial Shareholders desire that the Escrow Agent accept the Escrow Shares, in escrow, to be held and disbursed as
hereinafter provided.

 

IT
IS AGREED:

 

1.
Appointment of Escrow Agent. The Company and the Initial Shareholders hereby appoint the Escrow Agent to act in accordance with
and subject to the terms of this Agreement and the Escrow Agent hereby accepts such appointment and agrees to act in accordance with
and subject to such terms.

 

2.
Deposit of Escrow Shares. On or prior to the date hereof, the Initial Shareholders delivered to the Escrow Agent certificates
representing such Initial Shareholders’ respective Escrow Shares, together with applicable stock powers, to be held and disbursed
subject to the terms and conditions of this Agreement. Each of the Initial Shareholders acknowledges that the certificate representing
such Initial Shareholder’s Escrow Shares are legended to reflect the deposit of such Escrow Shares under this Agreement.

 

3.
Disbursement of the Escrow Shares.

 

3.1
The Escrow Agent shall hold the Escrow Shares during the period (the “Escrow Period”) commencing on the date
hereof until six months after the date of the consummation of the Company’s initial business combination (as described in the Registration
Statement, hereinafter a “Business Combination”). The Company shall promptly provide written notice of the
consummation of a Business Combination to the Escrow Agent. Upon completion of the Escrow Period, the Escrow Agent shall disburse such
amount of each Initial Shareholder’s Escrow Shares (and any applicable stock power) to such Initial Shareholder; provided, however,
that if the Escrow Agent is notified by the Company pursuant to Section 6.7 hereof that the Company is being liquidated at any time during
the Escrow Period, then the Escrow Agent shall promptly destroy the certificates representing the Escrow Shares; provided further, however,
that if, within the six months after the Company consummates a Business Combination, the Company (or the surviving entity) subsequently
consummates a liquidation, merger, stock exchange or other similar transaction which results in all of the shareholders of such entity
having the right to exchange their Ordinary Shares for cash, securities or other property, then the Escrow Agent will, upon receipt of
a written notice executed by the Chair of the Board, Chief Executive Officer or other authorized officer of the Company, in a form reasonably
acceptable to the Escrow Agent, certifying that such transaction is then being consummated or such conditions have been achieved, as
applicable, release the Escrow Shares to the Initial Shareholders. The Escrow Agent shall have no further duties hereunder after the
disbursement or destruction of the Escrow Shares in accordance with this Section 3.

 

    	1

    	 

    

 

3.2
Notwithstanding Section 3.1, if the Underwriters do not exercise their over-allotment option to purchase an additional 900,000 Units
of the Company in full within 45 days of the date of the Prospectus (as described in the Underwriting Agreement), the Initial Shareholders
agree that the Escrow Agent shall return to the Company for cancellation, at no cost, the number of Escrow Shares held by each such holder
determined by multiplying (a) the product of (i) 900,000 multiplied by (ii) a fraction, (x) the numerator of which is the number of Escrow
Shares held by each such holder, and (y) the denominator of which is the total number of Escrow Shares, by (b) a fraction, (i) the numerator
of which is 900,000 minus the number of Ordinary Shares purchased by the Underwriters upon the exercise of their over-allotment option,
and (ii) the denominator of which is 900,000. The Company shall promptly provide written notice to the Escrow Agent of the expiration
or termination of the Underwriters’ over-allotment option and the number of Units, if any, purchased by the Underwriters in connection
with their exercise thereof.

 

4.
Rights of Initial Shareholders in Escrow Shares.

 

4.1
Voting Rights as a Shareholder. Subject to the terms of the Insider Letter described in Section 4.4 hereof and except as herein
provided, the Initial Shareholders shall retain all of their rights as shareholders of the Company during the Escrow Period, including,
without limitation, the right to vote such shares.

 

4.2
Dividends and Other Distributions in Respect of the Escrow Shares. During the Escrow Period, all dividends payable in cash with
respect to the Escrow Shares shall be paid to the Initial Shareholders, but all dividends payable in shares or other non-cash property
(“Non-Cash Dividends”) shall be delivered to the Escrow Agent to hold in accordance with the terms hereof.
As used herein, the term “Escrow Shares” shall be deemed to include the Non-Cash Dividends distributed thereon, if any.

 

4.3
Restrictions on Transfer. During the Escrow Period, the only permitted transfers of the Escrow Shares will be (i) to the Company’s
officers or directors, any affiliates or family members of any of the Company’s officers or directors, any members of the Company’s
Initial Shareholders, or any affiliate of the Company’s Initial Shareholders; (ii) in the case of an individual, by gift to a member
of the individual’s immediate family, to a trust, the beneficiary of which is a member of the individual’s immediate family
or an affiliate of such person, or to a charitable organization; (iii) in the case of an individual, by virtue of laws of descent and
distribution upon death of the individual; (iv) in the case of an individual, pursuant to a qualified domestic relations order; (v) by
private sales or transfers made in connection with the consummation of a Business Combination at prices no greater than the price at
which the securities were originally purchased; (vi) by virtue of the laws of the Cayman Islands or the memorandum and articles of association
of the Company’s sponsor upon dissolution of the sponsor; (vii) in the event of the Company’s liquidation prior to the completion
of a Business Combination; (viii) to the Company for no value for cancellation in connection with the consummation of a Business Combination;
or (ix) in the event of the Company’s completion of a liquidation, merger, share exchange or other similar transaction which results
in all of the Company’s shareholders having the right to exchange their ordinary shares for cash, securities or other property
subsequent to the Company’s completion of a Business Combination; provided, however, that in the case of clauses (i) through (vi),
these permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions and the other restrictions
contained in the Insider Letter (as defined below).

 

4.4
Insider Letter. Each of the Initial Shareholders has executed a letter agreement with EBC and the Company, dated as indicated
on Exhibit A hereto, and the form of which is filed as an exhibit to the Registration Statement (the “Insider Letter”),
respecting the rights and obligations of such Initial Shareholder in certain events, including but not limited to the liquidation of
the Company.

 

5.
Concerning the Escrow Agent.

 

5.1
Good Faith Reliance. The Escrow Agent shall not be liable for any action taken or omitted by it in good faith and in the exercise
of its own best judgment, and may rely conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion
or advice of counsel (including counsel chosen by the Escrow Agent), statement, instrument, report or other paper or document (not only
as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability of any information
therein contained) which is believed by the Escrow Agent to be genuine and to be signed or presented by the proper person or persons.
The Escrow Agent shall not be bound by any notice or demand, or any waiver, modification, termination or rescission of this Agreement
unless evidenced by a writing delivered to the Escrow Agent signed by the proper party or parties and, if the duties or rights of the
Escrow Agent are affected, unless it shall have given its prior written consent thereto.

 

    	2

    	 

    

 

5.2
Indemnification. The Escrow Agent shall be indemnified and held harmless by the Company from and against any expenses, including
reasonable counsel fees and disbursements, or loss suffered by the Escrow Agent in connection with any action, suit or other proceeding
involving any claim which in any way, directly or indirectly, arises out of or relates to this Agreement, the services of the Escrow
Agent hereunder, or the Escrow Shares held by it hereunder, other than expenses or losses arising from the gross negligence or willful
misconduct of the Escrow Agent. Promptly after the receipt by the Escrow Agent of notice of any demand or claim or the commencement of
any action, suit or proceeding, the Escrow Agent shall notify the other parties hereto in writing. In the event of the receipt of such
notice, the Escrow Agent, in its sole discretion, may commence an action in the nature of interpleader in an appropriate court to determine
ownership or disposition of the Escrow Shares or it may deposit the Escrow Shares with the clerk of any appropriate court or it may retain
the Escrow Shares pending receipt of a final, non-appealable order of a court having jurisdiction over all of the parties hereto directing
to whom and under what circumstances the Escrow Shares are to be disbursed and delivered. The provisions of this Section 5.2 shall survive
in the event the Escrow Agent resigns or is discharged pursuant to Sections 5.5 or 5.6 below.

 

5.3
Compensation. The Escrow Agent shall be entitled to reasonable compensation from the Company for all services rendered by it hereunder.
The Escrow Agent shall also be entitled to reimbursement from the Company for all expenses paid or incurred by it in the administration
of its duties hereunder including, but not limited to, all counsel, advisors’ and agents’ fees and disbursements and all
taxes or other governmental charges.

 

5.4
Further Assurances. From time to time on and after the date hereof, the Company and the Initial Shareholders shall deliver or
cause to be delivered to the Escrow Agent such further documents and instruments and shall do or cause to be done such further acts as
the Escrow Agent shall reasonably request to carry out more effectively the provisions and purposes of this Agreement, to evidence compliance
herewith or to assure itself that it is protected in acting hereunder.

 

5.5
Resignation. The Escrow Agent may resign at any time and be discharged from its duties as escrow agent hereunder by its giving
the other parties hereto written notice and such resignation shall become effective as hereinafter provided. Such resignation shall become
effective at such time that the Escrow Agent shall turn over to a successor escrow agent appointed by the Company, the Escrow Shares
held hereunder. If no new escrow agent is so appointed within the 60 day period following the giving of such notice of resignation, the
Escrow Agent may deposit the Escrow Shares with any court it reasonably deems appropriate.

 

5.6
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested
in writing at any time by the other parties hereto, jointly, provided, however, that such resignation shall become effective only upon
acceptance of appointment by a successor escrow agent as provided in Section 5.5.

 

5.7
Liability. Notwithstanding anything herein to the contrary, the Escrow Agent shall not be relieved from liability hereunder for
its own gross negligence or its own willful misconduct.

 

5.8
Waiver. The Escrow Agent hereby waives any right of set-off or any other right, title, interest or claim of any kind (“Claim”)
in, or to any distribution of, the Trust Account (as defined in that certain Investment Management Trust Agreement, dated as of the date
hereof, by and between the Company and the Escrow Agent as trustee thereunder) and hereby agrees not to seek recourse, reimbursement,
payment or satisfaction for any Claim against the Trust Account for any reason whatsoever.

 

6.
Miscellaneous.

 

6.1
Governing Law. This Agreement shall for all purposes be deemed to be made under and shall be construed in accordance with the
laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive
laws of another jurisdiction.

 

    	3

    	 

    

 

6.2
Third Party Beneficiaries. The Initial Shareholders hereby acknowledge that EBC is a third party beneficiary of this Agreement
and this Agreement may not be modified or changed without the prior written consent of EBC.

6.3
Entire Agreement. This Agreement contains the entire agreement of the parties hereto with respect to the subject matter hereof
and, except as expressly provided herein, may not be changed or modified except by an instrument in writing signed by the party to the
charged.

 

6.4
Headings. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning
or interpretation thereof.

 

6.5
Binding Effect. This Agreement shall be binding upon and inure to the benefit of the respective parties hereto and their legal
representatives, successors and assigns.

 

6.6
Notices. Any notice or other communication required or which may be given hereunder shall be in writing and either be delivered
personally or be mailed, certified or registered mail, or by private national courier service, return receipt requested, postage prepaid,
and shall be deemed given when so delivered personally or, if mailed, two days after the date of mailing, as follows:

 

If
to the Company, to:

 

AlphaVest
Acquisition Corp

420
Lexington Ave, Suite 2446

New
York, NY 10170

Attn:
Yong (David) Yan, Chief Executive Officer

If
to a Shareholder, to the address set forth in Exhibit A.

 

and
if to the Escrow Agent, to:

Continental
Stock Transfer & Trust Company 1 State Street, 30th Floor

New
York, New York 10004

Attn:
[Francis Wolf & Celeste Gonzalez]

 

A
copy (which copy shall not constitute notice) sent hereunder shall be sent to:

 

EarlyBirdCapital,
Inc.

366
Madison Avenue

New
York, New York 10017

Attn:
[●]

 

and:

 

Winston
& Strawn LLP

800
Capitol St., Suite 2400

Houston
Texas 77002

Attn:
Michael J. Blankenship

Email:
mblankenship@winston.com

 

and:

 

Graubard
Miller

405
Lexington Avenue

 44th
 Floor

New
York, New York 10174

Attn:
David A. Miller and Jeffrey M. Gallant

Email:
DMiller@graubard.com, JGallant@graubard.com

 

The
parties may change the persons and addresses to which the notices or other communications are to be sent by giving written notice to
any such change in the manner provided herein for giving notice.

 

6.7
Liquidation of the Company. The Company shall give the Escrow Agent written notification of the liquidation and dissolution of
the Company in the event that the Company fails to consummate a Business Combination within the time period specified in the Prospectus.

 

[Signature
Page Follows]

 

    	4

    	 

    

 

WITNESS
the execution of this Agreement as of the date first above written.

 

	COMPANY:	 
	 	 	 
	ALPHAVEST
    ACQUISITION CORP	 
	 	 	 
	By:	 	 
	Name: 	Yong
    (David) Yan	 
	Title:	Chief
    Executive Officer	 

 

INITIAL
SHAREHOLDER:

 

	AlphaVest Holding LP	 
	 	 	 
	By:	 	 
	Name: 
    	Taylor
    Zhang	 
	Title:
    	Manager	 
	 	 	 
	By:	 	 
	Name:
    	Pengfei
    Zheng	 

 

	CONTINENTAL STOCK TRANSFER & TRUST COMPANY	 
	 	 	 
	By:	                     	 
	Name:
    	[●]	 
	Title:
    	[●]	 

 

    	5

    	 

    

 

EXHIBIT
A

 

	Name
    and Address of Initial Shareholder[1]	 	Number
                                            

    of
    Shares
	 	Date
    of Insider Letter
	AlphaVest
    Holding LP	 	 	 	 
	Pengfei Zheng	 	 	 	 

 

	[1]	The
    address of each of the individuals is c/o, AlphaVest Acquisition Corp, 420 Lexington Ave, Suite 2446, New York, NY 10170.

 

    	6

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