Administrative Services Agreement, dated October 18, 2021, by and between the Company and Jupiter Sponsor LLC

Contract Categories: Business Operations - Services Agreements
EX-10.7 13 tm2130464d1_ex10-7.htm EXHIBIT 10.7

 

Exhibit 10.7

 

BLOCKCHAIN MOON ACQUISITION CORP.

4651 Salisbury Road, Suite 400

Jacksonville, FL 32256

 

October 18, 2021

 

Jupiter Sponsor, LLC

4651 Salisbury Road, Suite 400

Jacksonville, FL 32256

 

Re: Administrative Services Agreement

 

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 Blockchain Moon Acquisition Corp. (the “Company”) and continuing until the earlier of (i) the consummation by the Company of an initial business combination and (ii) the Company’s liquidation (in each case as described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”), Jupiter Sponsor LLC shall make available to the Company certain office space and administrative and support services as may be required by the Company from time to time, at 4651 Salisbury Road, Suite 400, Jacksonville FL, 32256.. In exchange therefore, the Company shall pay Jupiter Sponsor LLC $10,000 per month on the Effective Date and continuing monthly thereafter until the Termination Date. Jupiter Sponsor LLC 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 a trust account (the “Trust Account”) that may be established upon the consummation of the IPO and will not seek recourse against the Trust Account for any reason whatsoever.

 

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 this agreement or any rights, interests or contracted 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 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.

 

  Very truly yours,
   
  BLOCKCHAIN MOON ACQUISITION CORP.
   
  By:  /s/ Enzo A. Villani
    Name: Enzo A. Villani
    Title: Chairman and Chief Executive Officer

 

AGREED TO AND ACCEPTED BY:

 

JUPITER SPONSOR LLC  
   
By:   /s/ Enzo A. Villani  
  Name: Enzo A. Villani  
  Title: Managing Member  

 

[Signature page to Administrative Services Agreement]