EX-10.5





 Exhibit 10.5 

ELLIOTT OPPORTUNITY I SPONSOR L.P. 

c/o Elliott Investment Management L.P. 

Phillips Point, East Tower, 777 S. Flagler Drive, Suite 1000 

West Palm Beach, FL 33401 

[●], 2021 
 Elliott Opportunity I Sponsor
L.P. 
 c/o Elliott Investment Management L.P. 
 Phillips Point,
East Tower, 777 S. Flagler Drive, Suite 1000 
 West Palm Beach, FL 33401 

Re: Administrative Services Agreement 

Ladies and Gentlemen: 
 This Administrative
Services Agreement (this “Agreement”) by and between Elliott Opportunity I Corp. (the “Company”) and Elliott Opportunity I Sponsor L.P. (the “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 New York Stock Exchange (the “Listing Date”), pursuant to a Registration Statement on Form S-1 and prospectus 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”): 

1.    The Sponsor shall make available, or cause to be made available, to the Company, at c/o Elliott Investment
Management L.P., Phillips Point, East Tower, 777 S. Flagler Drive, Suite 1000, West Palm Beach, FL 33401 (or any successor location), office space, secretarial and administrative services as may be reasonably required by the Company. In exchange
therefor, the Company shall pay the Sponsor up to $10,000 per month on the Listing Date and continuing monthly thereafter until the Termination Date; and 

2.    The 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 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 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 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. 

3.    TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, THE PARTIES HEREBY WAIVE, AND COVENANT THAT
THEY WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE), ANY RIGHT TO TRIAL BY JURY IN ANY ACTION ARISING IN WHOLE OR IN PART UNDER OR IN CONNECTION WITH THIS LETTER AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY, WHETHER NOW
EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE. THE PARTIES AGREE THAT ANY OF THEM MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY AND
BARGAINED-FOR AGREEMENT AMONG THE PARTIES IRREVOCABLY TO WAIVE THEIR RESPECTIVE RIGHTS TO TRIAL BY JURY IN ANY ACTION WHATSOEVER BETWEEN OR AMONG THEM RELATING TO THIS AGREEMENT OR ANY OF THE TRANSACTIONS
CONTEMPLATED HEREBY AND THAT SUCH ACTIONS WILL INSTEAD BE TRIED IN A COURT OF COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY. 

This 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 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 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 Agreement shall be governed by and construed in accordance with the laws of the State of New York for agreements made and
to be wholly performed within such state, without regards to the conflicts of laws principles thereof. 
 [Signature Page Follows]

[Signature Page to Administrative Services Agreement] 












 
			
	Very truly yours,
	
	ELLIOTT OPPORTUNITY I CORP.
		
	By:	 	  

		 	Name:
		 	Title:


  

			
	AGREED AND ACCEPTED BY:
	
	ELLIOTT OPPORTUNITY I SPONSOR L.P.
		
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page to Administrative Services Agreement]