Exhibit 10.5

      

      

      LDH GROWTH CORP I

      600 Brickell Avenue, Suite 2650

      Miami

      Florida 33138, United States

      

      

      March 18, 2021

      

      

      LDH Sponsor LLC

      600 Brickell Avenue, Suite 2650

      Miami

      Florida 33138, United States

      

      

      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 LDH Growth Corp I (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”), LDH 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 600 Brickell Avenue, Suite 2650 Miami, Florida 33138, United States (or any successor location).  In exchange therefore, the Company shall pay 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 Page Follows]

      

      

      
        
          


      

      

      

      Very truly yours,

      

      

      

      

      	 	
              Very truly yours,

            
	 	 
	 	
              LDH GROWTH CORP I

            
	 	 
	 	
              By:

            	
              /s/ Michel Combes

            
	 	 	
              Name: Michel Combes

              Title: President

            


      

      

      

      

      AGREED TO AND ACCEPTED BY:

      

      

      

      

      	
              LDH SPONSOR LLC

            	 
	 	 
	
              By:

            	
              /s/ Christopher Cooper

            	 
	 	
              Name: Christopher Cooper

              Title: Manager

            	 


      

      

      [Signature Page to Administrative Service Agreement]