Document:

Exhibit
10.5

 

Bombax
Healthcare Acquisition Corporation

221 Henderson Road

#01-05 Henderson Road

Singapore 159557

 

Ladies
and Gentlemen:

 

Bombax
Healthcare Acquisition Corporation (the “Company”), 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”), pursuant to a registration
statement on Form S-1 (“Registration Statement”).

 

The undersigned, namely
Bombax Capital Partners Limited and Be Expert Limited, hereby commit that they will each purchase 2,275,000 warrants and 1,225,000 warrants
of the Company, respectively (“Private Warrants”) at a price of $1.00 per Private Warrant for a purchase price of $2,275,000
and $1,225,000 respectively (collectively, the “Private Warrant Purchase Price”). Each whole Private Warrant entitles its
holder to purchase one Class A ordinary share of the Company (“Ordinary Share”). 

Bombax Capital Partners
Limited and Be Expert Limited hereby agree that they will each purchase an additional amount of warrants of the Company (“Over-Allotment
Warrants”), up to a maximum of 195,000 Over-Allotment Warrants and 105,000 Over-Allotment Warrants, respectively, or a maximum
purchase price of $195,000 and $105,000 respectively (collectively, the “Over-Allotment Warrant Purchase Price”, together
with the Private Warrant Purchase Price, the “Purchase Price”), in the event JonesTrading Institutional Services LLC (“JonesTrading”)
exercises its over-allotment option, such that the amount held in the trust account (as described in the Registration Statement) does
not fall below $10.20 per share for each share of Ordinary Share sold in the IPO. 

At
least twenty-four (24) hours prior to the effective date of the Registration Statement, the undersigned will cause the Private Warrant
Purchase Price to be delivered to Loeb & Loeb LLP (“Loeb”), counsel for the Company, by wire transfer as set forth in
the instructions attached as Exhibit A to hold in a non-interest bearing account until the Company consummates the IPO.

 

The
consummation of the purchase and issuance of the Private Warrants shall occur simultaneously with the consummation of the IPO and the
consummation of the purchase and issuance of the Over-Allotment Warrants shall occur simultaneously with the closing of any exercise
of the over-allotment option related to the IPO. Simultaneously with the consummation of the IPO, Loeb shall deposit the Private Warrant
Purchase Price, without interest or deduction, into the trust fund (“Trust Fund”) established by the Company for the benefit
of the Company’s public shareholders as described in the Registration Statement. If the Company does not complete the IPO within
ten (10) days from the date of this letter, the Private Warrant Purchase Price (without interest or deduction) will be returned to the
undersigned.

 

Each
of the Company, and the undersigned acknowledges and agrees that Loeb is serving hereunder solely as a convenience to the parties to
facilitate the purchase of the Private Warrants and Loeb’s sole obligation under this letter agreement is to act with respect to
holding and disbursing the Private Warrant Purchase Price as described above. Loeb shall not be liable to the Company, JonesTrading 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 Loeb has acted in a manner constituting gross negligence or willful misconduct. The Company and the undersigned
shall indemnify Loeb 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. Loeb 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.

 

    

     

    

 

The Private Warrants and
Over-Allotment Warrants will be identical to the units to be sold by the Company in the IPO. Additionally, each of the undersigned agrees: 

		●	to vote the shares of Ordinary Share underlying the Private Warrants and Over-Allotment Warrants
                                            in favor of any proposed Business Combination;

 

		●	not
                                            to propose, or vote in favor of, an amendment to the Company’s Amended and Restated
                                            Memorandum and Articles of Association that would affect the substance or timing of the Company’s
                                            obligation to redeem 100% of the Company’s shares of Ordinary Share sold in the IPO
                                            if the Company does not complete an initial Business Combination within 12 months (or up to 24 months if the Company chooses to extend such period) from the
                                            closing of the IPO, unless the Company provides the holders of shares of Ordinary Share sold
                                            in the IPO with the opportunity to redeem shares of Ordinary Share upon approval of any such
                                            amendment at a per-share price, payable in cash, equal to the aggregate amount of the Trust
                                            Fund, including interest earned on Trust Fund and not previously released to the Company
                                            to pay the Company’s franchise and income taxes, divided by the number of then outstanding
                                            shares of Ordinary Share sold in the IPO;

 

		●	not
                                            to convert any shares of Ordinary Share underlying the Private Warrants and Over-Allotment
                                            Warrants into the right to receive cash from the Trust Fund in connection with a shareholder
                                            vote to approve either a Business Combination or an amendment to the provisions of the Company’s
                                            Amended and Restated Certificate of Incorporation, and not to tender the Private Warrants
                                            and Over-Allotment Warrants in connection with a tender offer conducted prior to the closing
                                            of a Business Combination;

 

		●	the
                                            undersigned will not participate in any liquidation distribution with respect to the Private
                                            Warrants and Over-Allotment Warrants (but will participate in liquidation distributions with
                                            respect to any units or shares of Ordinary Share purchased by the undersigned in the IPO
                                            or in the open market) if the Company fails to consummate a Business Combination;

 

		●	that
                                            the Private Warrants, Over-Allotment Warrants and underlying securities will not be transferable
                                            until after the consummation of a Business Combination except (i) to the Company’s
                                            pre-IPO shareholders, or to the Company’s officers, directors, advisors and employees,
                                            (ii) transfers to the undersigned’s affiliates or its 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) by certain pledges to secure obligations incurred in connection with purchases of the
                                            Company’s securities, (vii) by private sales made in connection with the consummation
                                            of a Business Combination at prices no greater than the price at which the Private Warrants
                                            were originally purchased or (viii) to the Company for cancellation in connection with the
                                            consummation of a Business Combination, in each case (except for clause viii) where the transferee
                                            agrees to the terms of the transfer restrictions; and

 

		●	the
                                            Private Warrants and Over-Allotment 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.

 

Each
of the undersigned acknowledges and agrees that the purchaser of the Private Warrants and Over-Allotment Warrants 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 an
insider letter.

 

Each
of the
undersigned hereby represents and warrants that:

 

		(a)	it
                                            has been advised that the Private Warrants and Over-Allotment Warrants have not been registered
                                            under the Securities Act;

 

		(b)	it
                                            will be acquiring the Private Warrants and Over-Allotment Warrants for its account for investment
                                            purposes only;

 

    2

     

    

 

		(c)	it
                                            has no present intention of selling or otherwise disposing of the Private Warrants and Over-Allotment
                                            Warrants in violation of the securities laws of the United States;

 

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

 

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

 

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

 

		(g)	it
                                            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

 

		(h)	this
                                            letter constitutes its legal, valid and binding obligation, and is enforceable against it.

 

This
letter agreement constitutes the entire agreement between each of the undersigned and the Company with respect to the purchase of
the Private Warrants and Over-Allotment Warrants, and supersedes all prior and contemporaneous understandings, agreements,
representations and warranties, both written and oral, with respect to the same.

 

	 	Very truly yours,
	 	 
	 	Bombax Capital Partners Limited
	 	 	 
	 	By:	 
	 	Name:	Tak Cheung Yam
	 	Title: 	Director
	 	 	 
	 	Be Expert Limited
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

	Accepted and Agreed:	 
	 	 
	Bombax Healthcare Acquisition Corporation
    	 
	 	 	 	 
	By:	 	 
	 	Name: 	Gary Chan	 
	 	Title:	Chief Executive Officer	 

 

    3

     

    

Exhibit
A

 

Wire
Instructions

 

	Bank Name: 	Citigroup Private Bank
	Bank Address: 	153 East 53rd Street
	 	New York, NY 10022
	Account Name: 	Loeb & Loeb LLP – Trust Account
	Account Number: 	24576266
	Routing/ABA Number (Domestic Wires): 	021000089
	Swift Code (Foreign Wire): 	CITIUS33
	Note: 	Bombax Healthcare Acquisition Corporation –237989-10001

 

 

A-1Exhibit 10.10

 

BOMBAX HEALTHCARE ACQUISITION CORPORATION

221 Henderson Road

#01-05 Henderson Road

Singapore 159557

 

[●], 2022

 

Bombax Capital Partners Limited

Second Floor, Century Yard, Cricket Square

P.O. Box 902

Grand Cayman, KY1-1103

Cayman Islands

 

Re: Administrative Support Agreement

 

Ladies and Gentlemen:

 

This letter agreement by and
between Bombax Healthcare Acquisition Corporation (the “Company”) and Bombax Capital Partners Limited (“Bombax
Capital”) 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. 333-260274)
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) Bombax Capital shall make
available, or cause to be made available, to the Company, at 221 Henderson Road, #01-05 Henderson Road Singapore 159557 (or any successor
location of Bombax Capital), certain office space, utilities and secretarial and administrative support as may be reasonably required
by the Company. In exchange therefor, the Company shall pay Bombax Capital the sum of $20,000 per month on the Listing Date and continuing
monthly thereafter until the Termination Date; and

  

(ii) Bombax Capital 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 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, 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]

 

     

     

    

 

	 	Very truly yours,
	 	 	 
	 	BOMBAX HEALTHCARE ACQUISITION CORPORATION
	 	 	 
	 	By:	 
	 	Name:	Gary Chan

	 	Title:	Chief Executive Officer 
	 	 	 
	 	AGREED TO AND ACCEPTED BY:
	 	 	 
	 	BOMBAX CAPITAL PARTNERS LIMITED
	 	 	 
	 	By:	 
	 	Name: 	Tak Cheung Yam
	 	Title:	Director

 

Signature Page to Administrative Support Agreement

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