Office Support Agreement between SparkLabs Korea and Spark I Acquisition Corporation

Contract Categories: Business Operations › Services Agreements
Summary

SparkLabs Korea (SLK) and Spark I Acquisition Corporation (S1AC) have entered into an agreement where SLK will provide office space, telecommunications, security, utilities, maintenance, and basic accounting services to S1AC. The agreement covers a 36-month period from August 1, 2021, to July 31, 2024, with the option to renew by mutual consent. S1AC will pay SLK a fixed fee of $300,000 for these services over the contract term.

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EX-10.5 14 tm2318774d2_ex10-5.htm EXHIBIT 10.5

 

Exhibit 10.5

 

Office Support Agreement

 

January 1, 2023

 

This amended contract is between SparkLabs Korea "SLK" and Spark I Acquisition Corporation "S1AC", together "the Parties," for Office Support services provided by SLK to S1AC.

 

SLK will provide office space, telecommunication services, security, utilities, maintenance, and basic accounting for the services rendered (the "Services") to S1AC for 36 months from Aug 1, 2021 to July 31, 2024 (renewable upon mutual agreement between the Parties).

 

SLK will provide the Services for a fixed fee of 300,000.-USD for the 36 months period.

 

Signed by :

 

For SparkLabs Korea

 

/s/ Eugene Kim  
Name : Eugene Kim  
Title : General Partner  

 

For Spark 1 Acquisition Corporation

 

/s/ James Rhee  
Name : James Rhee  
Title : CEO