Exhibit 10.5


BCC Investment
Corp.


200 Clarendon
Street


Boston, Massachusetts
02116


 


March
[●], 2021


BCC Investment Corp.


200 Clarendon Street


Boston, Massachusetts 02116


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 BCC Investment 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”),
BCC Investment Management 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 Clarendon Street, Boston, Massachusetts 02116 (or any successor location). In exchange therefore, the Company
shall pay the Sponsor, or an affiliate thereof, as determined by the Sponsor, a sum of $10,000 per month on the Effective Date
and continuing monthly thereafter until the Termination Date. The 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
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	 	Very truly yours,
	 	 
	 	BCC INVESTMENT CORP.
	 	 	 






	 	By:	
	 	Name:	Olof Bergqvist
	 	Title:	Chief Executive Officer









	AGREED TO AND ACCEPTED BY:
	 
	BCC INVESTMENT MANAGEMENT LLC






	 	 
	By:     	
	Name:	Olof Bergqvist
	Title:	Authorized Signatory









[Signature
Pages to Administrative Services Agreement]