Exhibit 10.3


 


JATT Acquisition
Corp.


c/o Maples Corporate Services
Limited,


PO Box 309, Ugland House,


Grand Cayman, KY1-1104, Cayman
Islands


[_______], 2021


 


JATT Ventures, L.P.,


c/o JATT Acquisition Corp


c/o Maples Corporate Services Limited, 


PO Box 309, Ugland House, 


Grand Cayman, KY1-1104, Cayman Islands


Attn: Dr. Someit Sidhu, Chief Executive Officer


 


		Re:	Administrative Services Agreement



 


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 JATT Acquisition 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”), JATT Ventures, L.P.
(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 [________________] (or any successor location).
In exchange therefore, the Company shall pay the Sponsor a sum of up to $10,000 per month commencing 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 in connection with and upon the consummation of the IPO and hereby irrevocably waives any Claim it presently has or 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,
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 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. 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 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,
	 	 
	 	JATT ACQUISITION CORP. 
	 	 
	 	By: ____________________________
	 	Name:  Someit Sidhu
	 	Title:Chief Executive Officer 


 


  


AGREED TO AND ACCEPTED BY:


 


JATT VENTURES, L.P.  


 


By:_____________________________  


Name:  Someit Sidhu 


Title: Chief Executive Officer 


 


 


 


 








    2