Exhibit 10.1


 


Chavant Capital Acquisition Corp.


445 Park Avenue, 9th Floor


New York, New York 10022


 


 


July 26, 2021


Chavant Capital Partners LLC


445 Park Avenue, 9th Floor


New York, New York 10022


 


Re: Administrative Services Agreement


 


Ladies and Gentlemen:


 


This letter agreement (this
 “Agreement”) by and among Chavant Capital Acquisition Corp. (the “Company”) and Chavant Capital
Partners LLC (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 Nasdaq Capital Market (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 445 Park Avenue, 9th Floor, New York,
New York 10022 (or any successor location), office space and secretarial and administrative services as may be reasonably required by
the Company. In exchange therefor, the Company shall pay the Sponsor $10,000 per month beginning 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 stockholders 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.


 


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 constitutes
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.





 






     


     


    

 


	 	Very truly yours, 
	 	 
	 	CHAVANT CAPITAL ACQUISITION CORP.
	 	 	 
	 	By: 	/s/ Jiong Ma
	 	 	Name: Jiong Ma
	 	 	Title:  Chief Executive Officer


 


	AGREED AND ACCEPTED BY:
	 
	CHAVANT CAPITAL PARTNERS LLC


 


By: Chavant Manager LLC, its Manager


	 

	 	 	 
	By: 	/s/ Jiong Ma 	 
	 	Name: Jiong Ma	 
	 	
    Title: Manager
	 



 


[Signature Page to Administrative Services Agreement]