Exhibit
10.8


 


Sagaliam
Acquisition Corp.


1800
Avenue of the Stars


Suite
1475


Los
Angeles, CA 90067


 


[  ], 2021


 


Sagaliam
Sponsor LLC


1800
Avenue of the Stars


Suite
1475


Los
Angeles, CA 90067


Attn:
Barry Kostiner


 


Re:
Administrative Support Agreement


 


Ladies
and Gentlemen:


 


This
letter agreement by and between Sagaliam Acquisition Corp. (the “Company”) and Sagaliam Sponsor LLC (“Sponsor”),
dated as of the date hereof, will confirm our agreement that, commencing on the date of effectiveness (the “Effective Date”)
of Registration Statement on Form S-1 relating to the Company’s initial public offering filed with the U.S. Securities and Exchange
Commission (the “Registration Statement”) and continuing until the earlier of the consummation by the Company of an initial
business combination or the Company’s liquidation (in each case as described in the Registration Statement) (such earlier date
hereinafter referred to as the “Termination Date”):


 


(i)
Sponsor shall make available, or cause to be made available, to the Company, at 1800 Avenue of the Stars, Suite 1475, Los Angeles, CA
90067, (or any successor location of Sponsor), certain office space, utilities and executive, secretarial and administrative support
as may be reasonably required by the Company, and shall provide the cash salaries of officers of the Company. In exchange therefor, the
Company shall pay Sponsor (i) the sum of $30,000 per month, commencing on the Effective Date and continuing monthly thereafter until
the Termination Date, and (ii) promptly following the Effective Date, an additional amount in respect of officers’ cash salaries
payable for services provided prior to the effective date, which the Company expects will not exceed approximately $30,000; and


 


(ii)
Sponsor hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind as a result of, or arising
out of, this letter agreement (each, a “Claim”) in or to, and any and all right to seek payment of any amounts due to it
out of, the trust account established for the benefit of the public stockholders of the Company and into which substantially all of the
proceeds of the Company’s initial public offering will be deposited (the “Trust Account”) as a result of, or arising
out of, this letter agreement, and hereby irrevocably waives any Claim it may have in the future, which Claim would reduce, encumber
or otherwise adversely affect the Trust Account or any monies or other assets in the Trust Account, and further agrees not to seek recourse,
reimbursement, payment or satisfaction of any Claim against the Trust Account or any monies or other assets in 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.


 


No
party hereto may assign either this letter agreement or any of its rights, interests, or obligations hereunder without the prior written
approval of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate
to transfer or assign any interest or title to the purported assignee.


 


This
letter agreement constitutes the entire relationship of the parties hereto, and this letter agreement and any litigation between the
parties (whether grounded in contract, tort, statute, law or equity) 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 law principles.


 


[Signature
Page Follows]


 




    	 



     


    

 


	 	Very
    truly yours,
	 	 
	 	SAGALIAM
    ACQUISITION CORP.
	 	 	 
	 	By:	/s/
    Barry Kostiner
	 	Name:	Barry
    Kostiner
	 	Title:	Chief
    Executive Officer and Chairman


 


AGREED
TO AND ACCEPTED BY:


 


SAGALIAM
SPONSOR LLC.


 


	By:	/s/
    Barry Kostiner	 
	Name:
    	 	 
	Title:
    	 	 


 


[Signature
Page to Administrative Support Agreement]