Exhibit 10.5


 


LAVA Medtech Acquisition Corp.


c/o Reed Smith LLP


303 Wyman Street, Suite 300


Waltham, Massachusetts 02451


 


October 26, 2021


 


LAVA Medtech Sponsor LP


c/o Reed Smith LLP


303 Wyman Street, Suite 300


Waltham, Massachusetts 02451


 


Re: Administrative Services Agreement


 


Ladies and Gentlemen:


 


This letter agreement by and
between LAVA Medtech Acquisition Corp. (the “Company”) and LAVA Medtech Sponsor LP, our sponsor, dated as of the date hereof,
will confirm our agreement that, commencing on the date the securities of the Company are first listed on the Nasdaq Capital Market (the
 “Listing Date”), pursuant to a Registration Statement on Form S-1 and prospectus filed with the 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) Our sponsor shall make
available to the Company, at 303 Wyman Street, Suite 300, Waltham, Massachusetts 02451 (or any successor location), certain office space,
utilities and secretarial and administrative support as may be reasonably required by the Company. In exchange therefor, the Company shall
pay our sponsor the sum of $5,000 per month on the Listing Date and continuing monthly thereafter until the Termination Date; and


 


(ii) Our 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”), 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 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 laws principles.


 


[Signature Page Follows]


 






     


     


    

 


	 	Very truly yours,
	 	 
	 	LAVA MEDTECH ACQUISITION CORP.
	 	 	 
	 	By:	/s/ Anthony Natale
	 	Name:	Anthony Natale
	 	Title:	Chief Executive Officer


 


	
    AGREED TO AND ACCEPTED BY:

    LAVA MEDTECH SPONSOR LP

    By: LAVA Medtech Manager LLC

    Its: General Partner
	 
	 	 
	By:	/s/ Anthony Natale	 
	Name:	Anthony Natale	 
	Title:	Member	 
	 	 	 


[Signature Page to Admin. Services Agreement]