Exhibit 10.5


JAGUAR GLOBAL GROWTH
CORPORATION I

3225 Franklin Avenue, Suite 309

Miami, Florida 33133






 


February 10, 2022


 


Jaguar Global Growth Partners I, LLC


3225 Franklin Avenue, Suite 309

Miami, Florida 33133


 


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 Jaguar Global Growth Corporation 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”), Jaguar Global Growth Partners
I, LLC (the “Sponsor”) shall take steps directly or indirectly to make available to the Company certain office
space, secretarial and administrative services, research and other services as may be required by the Company from time to time, situated
at 3225 Franklin Avenue, Suite 309 Miami, Florida 33133 (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
Page Follows]


 






     


     


    

 


 


 


	 	Very truly yours,
	 
	 	JAGUAR GLOBAL GROWTH 

CORPORATION I
	 
	 	By:	/s/ Gary Garrabrant
	 	Name:	Gary R. Garrabrant
	 	Title:	 Chief Executive Officer



 


	AGREED TO AND ACCEPTED BY:
	 
	JAGUAR GLOBAL GROWTH

 PARTNERS I, LLC
	 
	Managing Members:
	 
	JGG SPAC Holdings LLC
	 
	By:	 /s/ Gary Garrabrant 	 
	 	Gary R. Garrabrant	 
	 	 	 
	HC Jaguar Partners I LLC
	 	 	 
	By:	/s/ Thomas D. Hennessy	 
	 	Thomas D. Hennessy	 
	 	 	 
	By:	/s/ M. Joseph Beck	 
	 	M. Joseph Beck