DA32 LIFE SCIENCE TECH ACQUISITION CORP. New York, NY 10010Administrative Services Agreement • March 31st, 2022 • DA32 Life Science Tech Acquisition Corp. • Blank checks • New York
This letter agreement (this “Agreement”) by and between DA32 Life Science Tech Acquisition Corp. (the “Company”) and Deerfield Partners, L.P., an affiliate of DA32 Sponsor LLC (“Deerfield”), dated as of the date hereof, hereby amends and restates, in its entirety, the original Administrative Services Agreement (the “Original Agreement”), dated as of July 27, 2021, entered into by and between the Company and DA32 Sponsor LLC (the “Sponsor”). The Original Agreement provided that the Sponsor would make available office space and secretarial and administrative services as may be reasonably required by the Company in exchange for $10,000 per month until the Termination Date. However, it was always intended by the Company, Deerfield and the Sponsor that Deerfield, and not the Sponsor, would provide such services and be entitled to such payment, as the Sponsor does not engage in any activity other than owning equity interests in the Company, and thus neither owns any property nor employees or
