Exhibit 10.6


 


SPORTS VENTURES ACQUISITION CORP.


9705 Collins Ave 1901N


Bal Harbour, FL 33154


 


January 5, 2020


 


AKICV LLC


9705 Collins Ave 1901N


Bal Harbour, FL 33154 


 


		Re:	Administrative
Services Agreement


 


Gentlemen:


 


This letter agreement
by and between Sports Ventures Acquisition Corp., a Cayman Islands exempted company (the “Company”) and AKICV LLC (“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) Sponsor or one
of its affiliates shall make available to the Company, at 9705 Collins Ave 1901N, Bal Harbour, FL 33154 (or any successor location
of Sponsor or its affiliates), certain office space, utilities, and shared personnel support services as may be reasonably requested
by the Company. In exchange therefor, the Company shall pay Sponsor the sum of $10,000 per month on the Listing Date and continuing
monthly thereafter until the Termination Date; and


 


(ii) Sponsor hereby
irrevocably waives any and all right, title, interest, causes of action and claims of any kind (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 shareholders 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 as a result
of, or arising out of, this letter agreement, 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
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,
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 pages follows]


 






     


     


    

 


	Very truly yours,	 
	 	 
	SPORTS VENTURES ACQUISITION CORP.	 
	 	 
	By:	/s/ Alan Kestenbaum	 
	 	Name: 	Alan Kestenbaum	 
	 	Title:	Chief Executive Officer	 


 


AGREED TO AND ACCEPTED BY:


 


AKICV LLC


 


	By:	/s/ Alan Kestenbaum	 
	 	Name: 	Alan Kestenbaum	 
	 	Title:	Managing Member	 


 


 


 


[Signature Page to Administrative Services
Agreement]