BRIGHTSPARK CAPITOL CORP.
Exhibit 10.7
0000 00xx Xxxxxx Xxxxx, Xxxxx 000
Xxxxxxxxx, Xxxxxxxx 00000
_______________, 2021
BrightSpark Capitol Sponsor LLC
0000 00xx Xxxxxx Xxxxx, Xxxxx 000
Xxxxxxxxx, Xxxxxxxx 00000
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 BrightSpark Capitol Corp., a Delaware corporation (the “Company”), and continuing until the earlier of (i) the consummation by the Company of an initial business combination or (ii) the Company’s liquidation (in each case as described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”), BrightSpark Capitol Sponsor LLC (the “Sponsor”) shall make available to the Company certain office space and secretarial, administrative and support services as may be required by the Company from time to time, situated at 0000 00xx Xxxxxx Xxxxx, Xxxxx 000, Xxxxxxxxx, Xxxxxxxx 00000 (or any successor location) and 000 Xxxx Xxxxxxxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxx 00000 (or any successor location), respectively. In exchange therefore, the Company shall pay the Sponsor the sum of $20,000 per month on the Effective Date and continuing monthly thereafter until the Termination Date. The Sponsor 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 Pages Follow]
| Very truly yours, | |||
| BRIGHTSPARK CAPITOL CORP. | |||
| By: | |||
| Name: | Xxxxxx X. Xxxxxxx | ||
| Title: | Co-Chief Executive Officer | ||
AGREED TO AND ACCEPTED BY:
BRIGHTSPARK CAPITOL SPONSOR LLC
| By: | |||
| Name: | Xxxxx Xxxx | ||
| Title: | Manager | ||
[Signature Page to Administrative Services Agreement]
