Exhibit 10.5

 

BLUESCAPE OPPORTUNITIES ACQUISITION CORP.

200 Crescent Court, 19th Floor

Dallas, Texas 75201

 

October 27, 2020

 

Bluescape Sponsor LLC

200 Crescent Court, 19th Floor

Dallas, Texas 75201

 

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
Bluescape Opportunities 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”), Bluescape Sponsor LLC (the “Sponsor”) 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 200 Crescent Court, 19th Floor, Dallas, Texas 75201
(or any successor location). In exchange therefore, the Company shall pay
Sponsor a sum of $10,000 per month on the Effective Date and continuing monthly
thereafter until the Termination Date. Sponsor hereby agrees that it does not
have any right, title, interest or claim of any kind (a “Claim”) 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 hereby irrevocably 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.

 

This letter agreement constitutes the entire agreement and understanding of the
parties hereto in respect of its subject matter and supersedes all prior
understandings, agreements, or representations by or among the parties hereto,
written or oral, to the extent they relate in any way to the subject matter
hereof or the transactions contemplated hereby.

 

This letter agreement may not be amended, modified or waived as to any
particular provision, except by a written instrument executed by the parties
hereto.

 

The parties may not assign this letter agreement and any of their rights,
interests, or obligations hereunder without the consent of the other party.

 

This letter 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 laws principles that will apply the laws of another
jurisdiction.

 

This letter agreement may be executed in one or more counterparts, each of which
shall for all purposes be deemed to be an original but all of which together
shall constitute one and the same agreement. Only one such counterpart signed by
the party against whom enforceability is sought needs to be produced to evidence
the existence of this letter agreement.

 

[Signature Page Follows]

 

 

 

  Very truly yours,         BLUESCAPE OPPORTUNITIES ACQUISITION CORP.        
By: /s/ C. John Wilder   Name: C. John Wilder   Title: Chief Executive Officer

 

AGREED TO AND ACCEPTED BY:         BLUESCAPE SPONSOR LLC         By: /s/ C. John
Wilder   Name: C. John Wilder   Title: Executive Chairman  

 

[Signature Page to Administrative Services Agreement]