Administrative Support Agreement, dated December 17, 2020, between the Company and the Sponsor
Exhibit 10.4
MARQUEE RAINE ACQUISITION CORP.
65 East 55th Street, 24th Floor
New York, NY 10010
December 17, 2020
Marquee Raine Acquisition Sponsor LP
65 East 55th Street, 24th Floor
New York, NY 10022
Ladies and Gentlemen:
This letter will confirm our agreement that, as of the effective date of the registration statement (the Registration Statement) for the initial public offering (the IPO) of the securities of Marquee Raine Acquisition Corp. (the Company) and continuing until the earlier of (i) the completion by the Company of an initial business combination or (ii) the Companys liquidation (in each case as described in the Registration Statement), Marquee Raine Acquisition Sponsor LP or an affiliate thereof shall take steps, directly or indirectly, to make available to the Company certain office space, secretarial and administrative services as may be required by the Company from time to time, situated at 65 East 55th Street, 24th Floor, New York, NY 10022 (or any successor location). Marquee Raine Acquisition Sponsor LP hereby agrees that the aforementioned services shall be provided free of charge, but will be reimbursed for out-of-pocket expenses incurred in connection with such services. Marquee Raine Acquisition Sponsor 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 a trust account (the Trust Account) that may be established upon the consummation of the IPO (the Claim) and hereby waives any Claim it may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever.
[Signature Page Follows]
Very truly yours, | ||||
Marquee Raine Acquisition Corp. | ||||
By: | /s/ Brandon Gardner | |||
Name: | Brandon Gardner | |||
Title: | Co-Chairman and Director | |||
Marquee Raine Acquisition Sponsor LP | ||||
Acting by its general partner, | ||||
Marquee Raine Acquisition Sponsor GP Ltd. | ||||
By: | /s/ Brandon Gardner | |||
Name: | Brandon Gardner | |||
Title: | Director | |||
By: | /s/ Thomas Ricketts | |||
Name: | Thomas Ricketts | |||
Title: | Director |
[Signature Page to Administrative Support Agreement]