Document:

Exhibit
10.6 

 

June
__, 2018

 

Gentlemen:

 

HL
Acquisitions Corp. (“Corporation”), a blank check company formed for the purpose of acquiring one or more businesses
or entities (a “Business Combination”), intends to register its securities under the Securities Act of 1933, as amended
(“Securities Act”), in connection with its initial public offering (“IPO”).

 

The
undersigned hereby commits to purchase an aggregate of ______ warrants of the Corporation (“Initial Warrants”), each
Initial Warrant to purchase one ordinary share, no par value per share, of the Corporation at $1.00 per Initial Warrant, for an
aggregate purchase price of $_______ (the “Initial Purchase Price”). Additionally, if the underwriters in the IPO
exercise their over-allotment option in full or part, the undersigned further commits to purchase up to an additional _____ warrants
(“Additional Warrants” and together with the Initial Warrants, the “Private Warrants”) at $1.00 per Additional
Warrant for an aggregate purchase price of up to $______ (the “Over-Allotment Purchase Price” and together with the
Initial Purchase Price, the “Purchase Price”). At least 24 hours prior to the effective date (“Effective Date”)
of the Corporation’s registration statement filed in connection with the IPO (“Registration Statement”), the
undersigned will cause the Purchase Price to be delivered to Graubard Miller, counsel for the Corporation (“Counsel”),
by wire transfer as set forth in the instructions attached as Exhibit A to hold in a non-interest bearing account until the Corporation
consummates the IPO.

 

The
consummation of the purchase and issuance of the Initial Warrants and Additional Warrants (if any) shall occur simultaneously
with the consummation of the IPO and over-allotment option, respectively. Simultaneously with the consummation of the IPO, Counsel
shall deposit the Initial Purchase Price, without interest or deduction, into the trust fund (“Trust Fund”) established
by the Corporation for the benefit of the Corporation’s public shareholders as described in the Registration Statement.
Simultaneously with the consummation of all or any part of the over-allotment option, Counsel shall deposit the pro-rata portion
of the Over-Allotment Purchase Price, based upon the amount of the over-allotment option that has been exercised, without interest
or deduction, into the Trust Fund. Upon expiration of the over-allotment option, Counsel shall return any unused portion of the
Over-Allotment Purchase Price to the undersigned. If the Corporation does not complete the IPO within fourteen (14) days from
the Effective Date, the Purchase Price (without interest or deduction) will be returned to the undersigned.

 

In
the event that the undersigned breaches the purchase obligations set forth above to purchase the Private Warrants and does not
purchase all or any portion of such Private Warrants, the other purchasers of the Private Warrants will have the ability, but
not the obligation, to satisfy the undersigned’s purchase obligation (and if they do, then the undersigned will sell, at
the original cost, the Insider Shares (defined below) held by the undersigned to the other purchasers of Private Warrants who
satisfy the undersigned’s purchase obligation and shall thereupon have no further liability or obligation in relation to
such breach).

 

     

     

    

 

Each
of the Corporation and the undersigned acknowledges and agrees that Counsel is serving hereunder solely as a convenience to the
parties to facilitate the purchase of the Private Warrants and Counsel’s sole obligation under this letter agreement is
to act with respect to holding and disbursing the Purchase Price for the Private Warrants as described above. Counsel shall not
be liable to the Corporation or the undersigned or any other person or entity in respect of any act or failure to act hereunder
or otherwise in connection with performing its services hereunder unless Counsel has acted in a manner constituting gross negligence
or willful misconduct. The Corporation and the undersigned, jointly and severally, shall indemnify Counsel against any claim made
against it (including reasonable attorney’s fees) by reason of it acting or failing to act in connection with this letter
agreement except as a result of its gross negligence or willful misconduct. Counsel may rely and shall be protected in acting
or refraining from acting upon any written notice, instruction or request furnished to it hereunder and believed by it to be genuine
and to have been signed or presented by the proper party or parties.

 

In
consideration of the above purchase obligations, Metropolitan Capital Partners V LLC (the “Transferor”) hereby agrees
to transfer to the undersigned an aggregate of _____ ordinary shares (“Insider Shares”) of the Corporation at approximately
$0.02 per Insider Share, for an aggregate purchase price of $___, which amount is being delivered to the Transferor simultaneously
with the execution of this letter. The undersigned acknowledges and agrees that if the underwriters in the IPO determine the size
of the offering should be increased or decreased, the undersigned will either receive a dividend on the Insider Shares transferred
hereunder or contribute a portion of the Insider Shares back to capital, as applicable, in order to maintain the aggregate ownership
of the Corporation’s initial shareholders at a certain percentage of the number of shares to be sold in the IPO. Any increase
or decrease will affect all holders of Insider Shares on a pro-rata basis.

 

The
Insider Shares will be identical to the ordinary shares included in the units to be sold by the Corporation in the IPO, and the
Private Warrants will be identical to the warrants included in the units to be sold by the Corporation in the IPO, except that:

 

		●	the
                                         undersigned agrees to vote the Insider Shares in favor of any proposed Business Combination;

 

		●	the
                                         undersigned agrees not to seek conversion rights, or seek to sell in any tender offer,
                                         any Insider Shares;

 

    	 	2	 

     

    

 

		●	the
                                         Insider Shares will be placed in escrow, subject to the terms of an escrow agreement
                                         reasonably acceptable to the undersigned, and will not be released (subject to certain
                                         exceptions) until (1) with respect to 50% of the Insider Shares, the earlier of one year
                                         after the date of the consummation of a Business Combination and the date on which the
                                         closing price of the Corporation’s ordinary shares equals or exceeds $12.50 per
                                         share (as adjusted for share splits, share dividends, reorganizations and recapitalizations)
                                         for any 20 trading days within any 30-trading day period commencing after a Business
                                         Combination and (2) with respect to the remaining 50% of the Insider Shares, one year
                                         after the date of the consummation of a Business Combination, or earlier if, subsequent
                                         to the Business Combination, the Corporation consummates a liquidation, merger, stock
                                         exchange or other similar transaction which results in all of the Corporation’s
                                         shareholders having the right to exchange their ordinary shares for cash, securities
                                         or other property. The securities may only be transferred during this time period (i)
                                         to the Corporation’s initial shareholders, officers, directors, consultants or
                                         their affiliates, (ii) to an initial shareholder’s members upon its liquidation,
                                         (iii) to relatives and trusts for estate planning purposes, (iv) by virtue of the laws
                                         of descent and distribution upon death, (v) pursuant to a qualified domestic relations
                                         order, (vi) to the Corporation for no value for cancellation in connection with the consummation
                                         of an initial Business Combination, or (vii) in connection with the consummation of a
                                         Business Combination at prices no greater than the price at which the shares were originally
                                         purchased, in each case (except for clause (vi) or with the Corporation’s prior
                                         consent) where the transferee agrees to the terms of the escrow agreement and to be bound
                                         by these transfer restrictions;

 

		●	the
                                         Private Warrants will not be transferable (except to the same permitted transferees as
                                         the Insider Shares are transferable described above) until after the completion of a
                                         Business Combination;

 

		●	the
                                         Insider Shares and Private Warrants (and underlying securities) will be subject to customary
                                         registration rights, which shall be described in the Registration Statement;

 

		●	the
                                         undersigned will not participate in any liquidation distribution with respect to the
                                         Insider Shares (but will participate in liquidation distributions with respect to any
                                         units or ordinary shares purchased by the undersigned in the IPO or in the open market
                                         after the IPO) if the Corporation fails to consummate a Business Combination;

 

		●	the
                                         Private Warrants will not be redeemable and will be exercisable on a cashless basis so
                                         long as they are held by the undersigned or its permitted transferees; and

 

    	 	3	 

     

    

 

		●	the
                                         Insider Shares and Private Warrants will include any additional terms or restrictions
                                         as is customary in other similarly structured blank check company offerings or as may
                                         be reasonably required by the underwriters in the IPO in order to consummate the IPO,
                                         each of which will be set forth in the Registration Statement.

 

The
undersigned further acknowledges and agrees that if, in order to consummate any Business Combination, the holders of Insider Shares
or Private Warrants are required to contribute back to the capital of the Corporation a portion of any such securities to be cancelled
by the Corporation or transfer a portion of any such securities to one or more third parties, the undersigned will contribute
back to the capital of the Corporation or transfer to such third party or parties a proportionate number of Insider Shares or
Private Warrants, as applicable, pro rata with the other holders of Insider Shares or Private Warrants, as applicable.

 

The
undersigned acknowledges and agrees that he will execute agreements in form and substance typical for transactions of this nature
necessary to effectuate the foregoing agreements and obligations prior to the consummation of the IPO as are reasonably acceptable
to the undersigned, including but not limited to (i) an insider letter, (ii) an escrow agreement and (iii) a registration rights
agreement.

 

The
undersigned hereby represents and warrants that, as applicable:

 

		(a)	he
                                         has been advised that the Insider Shares and Private Warrants have not been registered
                                         under the Securities Act;

 

		(b)	he
                                         is acquiring the Insider Shares and Private Warrants for his account for investment purposes
                                         only;

 

		(c)	he
                                         has no present intention of selling or otherwise disposing of the Insider Shares and
                                         Private Warrants in violation of the securities laws of the United States;

 

		(d)	he
                                         is an “accredited investor” as defined by Rule 501 of Regulation D promulgated
                                         under the Securities Act of 1933, as amended;

 

		(e)	he
                                         has had both the opportunity to ask questions and receive answers from the officers and
                                         directors of the Corporation and all persons acting on its behalf concerning the terms
                                         and conditions of the offer made hereunder;

 

		(f)	he
                                         is familiar with the proposed business, management, financial condition and affairs of
                                         the Corporation;

 

		(g)	he
                                         has full power, authority and legal capacity to execute and deliver this letter and any
                                         documents contemplated herein or needed to consummate the transactions contemplated in
                                         this letter; and

 

    	 	4	 

     

    

 

		(h)	this
                                         letter constitutes the legal, valid and binding obligation of the undersigned and is
                                         enforceable against him.

 

	 	Very truly yours,
	 	 
	 	

 

Accepted
and Agreed:

 

HL
ACQUISITIONS CORP.

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

METROPOLITAN
CAPITAL PARTNERS V LLC

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

Graubard
miller

(solely
with respect to its obligations to hold

and
disburse monies for the Private Warrants)

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

    	 	5	 

     

    

 

Exhibit
AExhibit 10.7

 

HL Acquisitions Corp.

499 Park Avenue, 12th Floor

New York, New York 10022

 

_______________, 2018

 

Metropolitan Capital Partners II, LP

499 Park Avenue, 12th Floor

New York, New York 10022

 

Ladies and Gentlemen:

 

This letter will confirm our agreement that,
commencing on the effective date (the “Effective Date”) of the registration statement (the “Registration
Statement”) for the initial public offering (the “IPO”) of the securities of HL Acquisitions
Corp. (the “Company”) and continuing until the earlier of (i) the consummation by the Company of an initial
business combination or (ii) the Company’s liquidation (in each case as described in the Registration Statement) (such earlier
date hereinafter referred to as the “Termination Date”), Metropolitan Capital Partners II, LP shall make
available to the Company certain office space, administrative, bookkeeping and support services as may be required by the Company
from time to time, situated at 499 Park Avenue, 12th Floor, New York, New York 10022 (or any successor location). In
exchange therefor, the Company shall pay Metropolitan Capital Partners II, LP the sum of $10,000 per month on the Effective Date
and continuing monthly thereafter until the Termination Date. Metropolitan Capital Partners II, LP hereby agrees that it does not
have any right, title, interest or claim of any kind in or to any monies that may be set aside in the trust account (the “Trust
Account”) that may be established upon the consummation of the IPO as a result of this letter agreement (the “Claim”)
and hereby waives any Claim it may have in the future as a result of, or arising out of, this letter agreement and will not seek
recourse against the Trust Account for any reason whatsoever.

 

	 	Very truly yours,
	 	 
	 	HL ACQUISITIONS CORP.
	 	 	 
	 	By:	                          
	 	 	Name:  
	 	 	Title:

 

	AGREED TO AND ACCEPTED BY:
	 
	METROPOLITCAN CAPITAL PARTNERS II, LP
	 	 	 
	By:	                         	 
	 	Name:  	 
	 	Title:

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