Document:

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
Page Follows]

    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]EXHIBIT 10.1

    

    

    AMENDED AND RESTATED EMPLOYMENT AGREEMENT

    

    

    This AMENDED AND RESTATED EMPLOYMENT AGREEMENT hereinafter (“Agreement”) is effective as of this 1st day of September, 2020 (“Effective Date”) between Boomer Holdings
      Inc, a Nevada corporation (“Employer”) and Mike Quaid (“Employee”).  In consideration of the mutual promises and covenants contained herein, the sufficiency of such consideration being expressly acknowledged by the parties, it is agreed as follows:

    

    

    1. EMPLOYMENT.  Employer employs Employee, and Employee accepts employment, upon the terms and conditions set forth in this Agreement.  This Agreement supersedes all
      prior agreements between the parties with respect to the subject matter hereunder.

    

    

    2.  TERM.  This Agreement shall be for a term of five (5) years commencing on September 1, 2020 unless otherwise terminated in accordance with the termination provisions
      stated below.

    

    

    3.  COMPENSATION.

    

    

    Employee shall receive compensation in the amount of Twenty Thousand Dollars ($20,000.00) per month commencing on September 7, 2020. In addition, annual bonuses shall be
      paid as determined by the Board of Directors of Employer.  Employee shall be paid in accordance with Employer payroll practices, including any tax withholdings required by State or Federal law.

    

    

    4.  DUTIES.  Employee shall work full-time for Company and shall serve as Chief Executive Officer.

    

    

    5. VACATION.

    

    

    Employee shall receive four (4) weeks of paid vacation per each year of this Agreement.

    

    

    6.  EQUITY.  Employee shall receive a grant of Five Hundred Thousand Shares (500,000) common shares of Employer stock.

    

    

    7.  EXPENSES.  During the term of employment, Employee shall be entitled to reimbursement of expenses incurred while carrying out all responsibilities hereunder.

    

    

    8.  TERMINATION.  Whenever the word “Termination” is used in this Agreement with reference to a termination of Employee’s employment, such word or term shall include
      termination, voluntary or involuntary, with or without cause, discharge, retirement, disability, or withdrawal, or any other type of termination of employment in this Agreement may occur under the following circumstances, or any one of them:

    

    

    I.  Termination by Employee.  Employee may terminate employment hereunder, upon not less than ninety (90) days prior written notice of termination to Employer.  Employee
      specifically acknowledges ninety (90) days prior written notice is necessary in order to allow Employer a reasonable time to find a replacement for Employee.   In the event of breach of this subsection, Employee shall be responsible for all out of
      pocket costs for any head hunter fees necessary to replace Employee for all work required within the ninety (90) day period in which insufficient notice was provided.

    

    

    
      

      
        

      

    

    II. Termination by Employer.  Employer may terminate Employee’s employment hereunder:

    

    

    a. Without advance notice upon Employee being found guilty in a court of law of a felony or Employee agreeing to a felony plea;

    

    

    b. If Employee breaches any of the provisions of this Agreement and said breach is not cured within thirty (30) days of written notice thereof from Employer;

    

    

    c. If Employee becomes disabled such that he or she cannot perform his duties hereunder and said disability continues for a period of twelve (12) consecutive months.

    

    

    In the event of the death of Employee, this Agreement shall terminate, provided any compensation then due shall be prorated on the basis of time to the date of such
      termination.

    

    

    Upon termination, Employee will be paid accrued, unpaid salary.

    

    

    9.  EMPLOYER BENEFITS.  Employee shall receive Employee Benefits when the Company creates a benefit plan for all full-time employees.

    

    

    10.  CONFIDENTIAL INFORMATION.  The parties agree that the terms of this Agreement shall remain confidential and shall not be disclosed absent the advanced written
      consent of the non-disclosing party, except for customary disclosure necessary to handle compliance and other pertinent issues with Employer and Employee’s attorneys, accountants, and consultants.

    

    

    11.  REMEDIES.  The parties recognize that irreparable injury will result to Employer and its business property if employee breaches the provisions of the paragraphs
      above.  In the event of a breach, in addition to any other remedies which Employer may at law or in equity be entitled, the Employer will be entitled to an injunction to restrain further breach by Employee or any of Employee’s partners, agents,
      employers and employees, or any person acting for or with Employee.  The violation by Employee of these provisions could cause irreparable injury to the Employer and there is no adequate remedy at law for a violation of those provisions. Each breach
      of this Agreement and each remedy provided in this Agreement are distinct and cumulative to all other rights or remedies under this Agreement or afforded by law or equity, and may be exercised concurrently, independently, or successively, in any
      order whatsoever.  Such exercise includes, but is not limited to, Employer seeking both an injunction to restrain further breach and seeking monetary damages.

    

    

    12.  WAIVER.  The waiver of the Employer of a breach of any provision of the Agreement by Employee shall not operate or be construed as a waiver of any subsequent breach
      by the Employee.

    

    

    13.  ATTORNEY’S FEES.  If any action at law, in equity, or arbitration, including an action for declaratory relief, is brought to enforce or interpret the provisions of
      this Agreement, the prevailing party shall be entitled to all costs and reasonable attorneys’ fees.

    

    

    
      

      
        

      

    

    14.  ASSIGNABILITY.  These contractual obligations of Employee are personal and neither the rights nor obligations under this Agreement may be assigned or transferred by
      Employee to any other person.  This Agreement will bind and benefit any successor of Employee, whether by merger, sale of assets, reorganization or other form of business acquisition, disposition or business reorganization.

    

    

    15.  AMENDMENT.  This Agreement contains the entire understanding of the parties.  This Agreement may be changed only by a written document signed by Employee and
      Employer.  In the event of any changes, the Employee agrees as terms of their employment to sign any subsequent or amended contracts, which are applicable to their department and/or position. Such changes have to be approved in a management meeting
      by the members holding a majority interest of Employer.

    

    

    16.  NOTICES.  All notices and other communications required or permitted to be given by this Agreement must be in writing and must be given and will be deemed received
      if and when either hand delivered and a signed receipt is given, or mailed by registered or certified U.S. Mail, return receipt requested, postage prepared, and if to Employer to the address below:

    

    

    Boomer Holdings Inc

    8670 West Cheyenne Avenue

    Las Vegas, Nevada 89129

    

    

    And if to Employee:

    

    

    Mike Quaid

    

    

    Either party may change the address to which notice is to be addressed by notifying the other party of the change.

    

    

    17.  ENFORCEMENT.  This Agreement is to be construed in accordance with the laws of the State of Nevada.  Any actions arising in connection with the Agreement shall be
      subject to mandatory arbitration in front of a three-arbitrator panel in Clark County, Nevada.  By this Agreement, the parties confer jurisdiction over the subject matter of and parties to the Agreement.  The party who prevails in any action will be
      entitled to an award of the reasonable costs and attorney’s fees incurred in the action.

    

    

    
      18.  SEVERABILITY.  If any provision of this Agreement, or any portion thereof, is held unreasonable, unlawful, or unenforceable by a court of competent jurisdiction,
        the provision, paragraph, or portion thereof will be deemed to be modified to the extent necessary for such provisions to be legally enforceable to the fullest extent permitted by applicable law.  Any court of competent jurisdiction may enforce or
        modify any provision, paragraph, or portion thereof in order that the provision or portion will be enforced by the court to the fullest extent permitted by applicable law.

       

      

    

    
      

      
        

      

    

    IN WITNESS WHEREOF, the parties have executed this Agreement
      on this 12th day of March, 2021.

    

    

    “Employer”

    

    

    Boomer Holdings Inc

    

    

    	   

          	 

    By:  Daniel Capri, President

    

    

    “Employee”

    

    

    	    

          	 

    Mike Quaid

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