Document:

Exhibit 10.4

    

    

    February 16, 2021

    

    

    SportsTek Acquisition Corp.

    2200 S. Utica Place

    Suite 450

    Tulsa, OK 74114

    

    

    Re: Initial Public Offering

    

    

    Ladies and Gentlemen:

    

    

    This letter (this “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into or proposed to be entered into by and between SportsTek Acquisition Corp., a Delaware corporation (the “Company”),

      and Stifel, Nicolaus & Company, Incorporated, as the underwriter named therein (the “Underwriter”), relating to an underwritten initial public offering (the “Public Offering”), of 17,250,000 of the Company’s units (including up to 2,250,000 additional units that may be purchased to cover the Underwriter’s option to purchase additional units, if any) (the “Units”), each comprised of one share of Class A common stock of the Company, par value $0.0001 per share (“Class A Common Stock”), and
      one-half of one redeemable warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one share of Class A Common Stock at a price of $11.50 per share,
      subject to adjustment. The Units will be sold in the Public Offering pursuant to a registration statement on Form S-1 and a prospectus (the “Prospectus”) filed by the Company with the
      Securities and Exchange Commission (the “Commission”) and the Company has applied to have the Units listed on the Nasdaq Stock Market. Certain capitalized terms used herein are defined in
      paragraph 11 hereof.

    

    

    In order to induce the Company and the Underwriter to enter into the Underwriting Agreement and to proceed with the Public Offering and for other good and valuable consideration, the receipt
      and sufficiency of which are hereby acknowledged, JTJT Partners LLC, a Delaware limited liability company (the “Sponsor”), and the other undersigned persons (each such other undersigned
      persons, an “Insider” and collectively, the “Insiders”), each hereby agrees, severally but not jointly, with the Company as
      follows:

    

    

    1. The Sponsor and each Insider agrees that if the Company seeks stockholder approval of a proposed Business Combination, then in connection with such proposed Business Combination, it, he or
      she shall (a) vote any Shares owned by it, him or her in favor of any proposed Business Combination (including any proposals recommended by the Company’s Board of Directors in connection with such Business Combination) and (b) not redeem any Shares
      owned by it, him or her in connection with such stockholder approval.

    

    

    2. The Sponsor and each Insider hereby agrees that in the event that the Company fails to consummate a Business Combination within 24 months from the closing of the Public Offering, or such
      later period approved by the Company’s stockholders in accordance with the Company’s amended and restated certificate of incorporation (an “Extension Period”), the Sponsor and each Insider
      shall take all reasonable steps to cause the Company to (a) cease all operations except for the purpose of winding up, (b) as promptly as reasonably possible but not more than ten (10) business days thereafter, subject to lawfully available funds
      therefor, redeem 100% of the Class A Common Shares sold as part of the Units in the Public Offering (the “Offering Shares”), at a per share price, payable in cash, equal to the aggregate
      amount then on deposit in the Trust Account, including interest (which interest shall be net of taxes payable and less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Offering Shares, which
      redemption will completely extinguish all Public Stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any) and (c) as promptly as reasonably possible following such redemption, subject to the
      approval of the Company’s remaining stockholders and the Company’s board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under Delaware law to provide for claims of creditors and the other requirements of
      applicable law. The Sponsor and each Insider agrees to not propose any amendment to the Company’s amended and restated certificate of incorporation (i) to modify the substance or timing of the Company’s obligation to allow redemptions in connection
      with the Company’s initial Business Combination or to redeem 100% of the Offering Shares if the Company does not complete its initial Business Combination within 24 months from the closing of the Public Offering or (ii) with respect to any other
      provision relating to stockholders’ rights or pre-initial Business Combination activity, unless the Company provides its Public Stockholders with the opportunity to redeem their Offering Shares upon approval of any such amendment at a per share
      price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of taxes payable), divided by the number of then outstanding Offering Shares.

    

    

    
      

      
        

      

    

    

    

    The Sponsor and each Insider acknowledges that it, he or she has no right, title, interest or claim of any kind in or to any monies held in the Trust Account or any other asset of the Company
      as a result of any liquidation of the Company with respect to the Founder Shares held by it (although the Sponsor and the Insiders shall be entitled to liquidation rights with respect to any Offering Shares it or they hold if the Company fails to
      consummate a Business Combination within 24 months from the date of the closing of the Public Offering or during any Extension Period). The Sponsor and each Insider hereby further waives, with respect to any Shares held by it, him or her, if any, any
      redemption rights it, he or she may have in connection with (x) the consummation of a Business Combination, including, without limitation, any such rights available in the context of a stockholder vote to approve such Business Combination or in the
      context of a tender offer made by the Company to purchase Class A Common Shares and (y) a stockholder vote to approve an amendment to the Company’s amended and restated certificate of incorporation (i) to modify the substance or timing of the
      Company’s obligation to allow redemptions in connection with the Company’s initial Business Combination or to redeem 100% of the Offering Shares if the Company has not consummated its initial Business Combination within 24 months from the closing of
      the Public Offering or (ii) with respect to any other provision relating to stockholders’ rights or pre-initial Business Combination activity.

    

    

    3. Notwithstanding the provisions set forth in paragraphs 7(a) and (b) below, during the period commencing on the effective date of the Underwriting Agreement and ending 180 days after such
      date, the Sponsor and each Insider shall not, without the prior written consent of Stifel, Nicolaus & Company, Incorporated, (a) offer, sell, contract to sell, pledge or otherwise dispose of (or enter into any transaction that is designed to, or
      might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise)), directly or indirectly, or establish or increase a put equivalent position or liquidate
      or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder, with respect to, any Units, Class A Common Shares,
      Warrants or any securities convertible into, or exercisable, or exchangeable for, Class A Common Shares, or (b) publicly announce an intention to effect any such transaction; provided, however, that the foregoing does not apply to the
      forfeiture of any Founder Shares pursuant to their terms or any transfer of Founder Shares to any current or future independent director of the company (as long as such current or future independent director transferee is subject to this Letter
      Agreement or executes an agreement substantially identical to the terms of this Letter Agreement, as applicable to directors and officers at the time of such transfer; and as long as, to the extent any Section 16 reporting obligation is triggered as
      a result of such transfer, any related Section 16 filing includes a practical explanation as to the nature of the transfer). The provisions of this paragraph will not apply if (x) the release or waiver is effected solely to permit a transfer of
      securities that is not for consideration and (y) the transferee has agreed in writing to be bound by the same terms described in this Letter Agreement to the extent and for the duration that such terms remain in effect at the time of the transfer.

    

    

    4. In the event of the liquidation of the Trust Account, the Sponsor (which for purposes of clarification shall not extend to any other stockholders, members or managers of the Sponsor) agrees
      to indemnify and hold harmless the Company against any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending
      against any litigation, whether pending or threatened, or any claim whatsoever) to which the Company may become subject as a result of any claim by (a) any third party (other than the Company’s independent registered public accounting firm) for
      services rendered or products sold to the Company or (b) a prospective target business with which the Company has discussed entering into a transaction agreement (a “Target”); provided,
      however, that such indemnification of the Company by the Sponsor shall apply only to the extent necessary to ensure that such claims by a third party for services rendered (other than the Company’s independent registered public accounting
      firm) or products sold to the Company or a Target do not reduce the amount of funds in the Trust Account to below (x) $10.00 per Offering Share or (y) such lesser amount per Offering Share held in the Trust Account as of the date of the liquidation
      of the Trust Account due to reductions in the value of the trust assets as of the date of the liquidation of the Trust Account, in each case, net of the amount of interest which may be withdrawn to pay taxes, except as to any claims by a third party
      who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under the Company’s indemnity of the Underwriter against certain liabilities, including liabilities under the Securities Act of 1933, as
      amended. In the event that any such executed waiver is deemed to be unenforceable against such third party, the Sponsor shall not be responsible to the extent of any liability for such third party claims. The Sponsor shall have the right to defend
      against any such claim with counsel of its choice reasonably satisfactory to the Company if, within 15 days following written receipt of notice of the claim to the Sponsor, the Sponsor notifies the Company in writing that it shall undertake such
      defense.

    

    

    
      

      
        

      

    

    

    

    5. To the extent that the Underwriter does not exercise its option to purchase up to an additional 2,250,000 Units within 45 days from the date of the Prospectus (and as further described in
      the Prospectus), the Sponsor agrees that it shall forfeit, at no cost, a number of Founder Shares in the aggregate equal to 562,500 multiplied by a fraction, (a) the numerator of which is 2,250,000 minus the number of Units purchased by the
      Underwriter upon the exercise of its option to purchase additional Units, and (b) the denominator of which is 2,250,000. All references in this Letter Agreement to Founder Shares of the Company being forfeited shall take effect as a contribution of
      such Founder Shares to the Company’s capital as a matter of Delaware law. The forfeiture will be adjusted to the extent that the option to purchase additional Units is not exercised in full by the Underwriter so that the number of Founder Shares will
      equal an aggregate of 20.0% of the Company’s issued and outstanding Shares immediately after the Public Offering.

    

    

    6. The Sponsor and each Insider hereby agrees and acknowledges that: (a) the Underwriter and the Company would be irreparably injured in the event of a breach by such Sponsor or Insider of its,
      his or her obligations under paragraphs 1, 2, 3, 4, 5, 7(a), 7(b), and 9 of this Letter Agreement, (b) monetary damages may not be an adequate remedy for such breach and (c) the non-breaching party shall be entitled to seek injunctive relief, in
      addition to any other remedy that such party may have in law or in equity, in the event of such breach.

    

    

    7. (a) The Sponsor and each Insider agrees that it, he or she shall not Transfer (as defined below) any Founder Shares (or Class A Common Shares issuable upon conversion thereof) until the
      earlier of (i) one year after the completion of the Company’s initial Business Combination and (ii) subsequent to the Business Combination, (A) the date on which the Company completes a liquidation, merger, stock exchange, reorganization or other
      similar transaction that results in all of the Public Stockholders having the right to exchange their Class A Common Shares for cash, securities or other property or (B) if the last reported sale price of the Class A Common Stock equals or exceeds
      $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination
      (the “Founder Shares Lock-up Period”).

    

    

    (b) The Sponsor and each Insider agrees that it, he or she shall not Transfer any Private Placement Warrants (or Class A Common Shares issued or issuable upon the conversion or exercise of the
      Private Placement Warrants), until 30 days after the completion of a Business Combination (the “Private Placement Warrants Lock-up Period,” together with the Founder Shares Lock-up Period,
      the “Lock-up Periods”).

    

    

    (c) Notwithstanding the provisions set forth in paragraphs 7(a) and (b), Transfers of the Founder Shares, Private Placement Warrants and Class A Common Shares issued or issuable upon the
      exercise or conversion of the Private Placement Warrants or the Founder Shares and that are held by the Sponsor or any Insider or any of their permitted transferees (that have complied with this paragraph 7(c)), are permitted (i) to the Company’s
      officers or directors, any affiliates or family members of any of the Company’s officers or directors, any members of the Sponsor, or any affiliates of the Sponsor or any employee or partner of any such affiliate, (ii) in the case of an individual,
      by gift to a member of the individual’s immediate family or to a trust, the beneficiary of which is a member of the individual’s immediate family or an affiliate of such person, or to a charitable organization; (iii) in the case of an individual, by
      virtue of laws of descent and distribution upon death of the individual; (iv) in the case of an individual, pursuant to a qualified domestic relations order; (v) by private sales or transfers made in connection with the consummation of the Company’s
      Business Combination at prices no greater than the price at which the securities were originally purchased; (vi) in the event of the Company’s liquidation prior to the Company’s completion of an initial Business Combination; (vii) by virtue of the
      laws of Delaware or the Sponsor’s limited liability company agreement, as amended, upon dissolution of the Sponsor; or (viii) in the event of the Company’s completion of a liquidation, merger, stock exchange, reorganization or other similar
      transaction which results in all of the Public Stockholders having the right to exchange their Class A Common Shares for cash, securities or other property subsequent to the Company’s completion of an initial Business Combination; provided, however,
      that in the case of clauses (i) through (v), these permitted transferees must enter into a written agreement with the Company agreeing to be bound by the transfer restrictions and other applicable restrictions in this Letter Agreement.

    

    

    (d) Notwithstanding anything in this paragraph 7 or the provisions set forth in paragraph 3, the Sponsor shall have the right to Encumber (as defined below) up to one-third (1/3) of its Founder
      Shares and the Class A Common Shares issuable upon conversion thereof without restriction at any time following the execution of this Letter Agreement. Neither such Encumbrance (as defined below) nor the exercise of any remedies by the party to whom
      such Encumbrance is in favor (including any seizure or foreclosure of any such shares by such party) shall violate, conflict with, or otherwise be prohibited or restricted by any of the terms or conditions set forth herein. “Encumbrance” means any
      lien, charge, pledge, security interest, claim or other encumbrance. The term “Encumber” shall have a correlative meaning.

    

    

    
      

      
        

      

    

    

    

    8. The Sponsor and each Insider represents and warrants that it, he or she has never been suspended or expelled from membership in any securities or commodities exchange or association or had a
      securities or commodities license or registration denied, suspended or revoked. Each Insider’s biographical information furnished to the Company, if any (including any such information
      included in the Prospectus), is true and accurate in all respects and does not omit any material information with respect to such Insider’s background. The Sponsor and each Insider’s questionnaire furnished to the Company, if any, is true and
      accurate in all respects. The Sponsor and each Insider represents and warrants that: it is not subject to or a respondent in any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or
      practice relating to the offering of securities in any jurisdiction; it has never been convicted of, or pleaded guilty to, any crime (a) involving fraud, (b) relating to any financial transaction or handling of funds of another person, or (c)
      pertaining to any dealings in any securities and it is not currently a defendant in any such criminal proceeding.

    

    

    9. Except as disclosed in, or as expressly contemplated by, the Prospectus, neither the Sponsor nor any Insider nor any affiliate of the Sponsor or any Insider, nor any director or officer of
      the Company, shall receive from the Company any finder’s fee, reimbursement, consulting fee, monies in respect of any repayment of a loan or other compensation prior to, or in connection with any services rendered in order to effectuate the
      consummation of the Company’s initial Business Combination (regardless of the type of transaction that it is).

    

    

    10. The Sponsor and each Insider has full right and power, without violating any agreement to which it is bound (including, without limitation, any non-competition or non-solicitation agreement
      with any employer or former employer), to enter into this Letter Agreement and, as applicable, to serve as an officer and/or a director on the board of directors of the Company and hereby consents to being named in the Prospectus as an officer and/or
      a director of the Company.

    

    

    11. As used herein, (a) “Business Combination” shall mean a merger, capital stock exchange, asset acquisition, stock purchase,
      reorganization or similar business combination, involving the Company and one or more businesses; (b) “Shares” shall mean, collectively, the Class A Common Shares and the Founder Shares; (c)
      “Class A Common Shares” shall mean shares of Class A Common Stock; (d) “Founder Shares” shall mean the 4,312,500 shares of Class B
      common stock, par value $0.0001 per share, issued and outstanding immediately prior to the consummation of the Public Offering (and the Class A Common Shares issued upon the conversion thereof); (e) “Initial Stockholders” shall mean the Sponsor and any Insider that holds Founder Shares, who collectively hold all of the Founder Shares immediately prior to the Public Offering; (f) “Private Placement Warrants” shall mean the Warrants to purchase up to 5,500,000 Class A Common Shares of the Company (or 5,950,000 Class A Common Shares if the over-allotment option is exercised in full) that the Sponsor has agreed
      to purchase for an aggregate purchase price of $5,500,000 in the aggregate (or $5,950,000 if the over-allotment option is exercised in full), or $1.00 per Warrant, in a private placement that shall occur simultaneously with the consummation of the
      Public Offering; (g) “Public Stockholders” shall mean the holders of securities issued in the Public Offering, including the Sponsor, and officers and directors of the Company (to the extent
      such officers and directors purchase public shares), provided that each of their status as a Public Stockholder shall only exist with respect to such public shares; (h) “Trust Account” shall
      mean the trust fund into which a portion of the net proceeds of the Public Offering shall be deposited; and (i) “Transfer” shall mean the (1) sale or assignment of, offer to sell, contract
      or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or
      decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (2) entry into any swap
      or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (3) public
      announcement of any intention to effect any transaction specified in clause (1) or (2) herein.

    

    

    12. This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof 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 changed, amended, modified or waived
      (other than to correct a typographical error) as to any particular provision, except by a written instrument executed by (a) each Insider that is the subject of any such change, amendment modification or waiver and (b) the Sponsor.

    

    

    
      

      
        

      

    

    

    

    13. No party hereto may assign either this Letter Agreement or any of its rights, interests, or obligations hereunder without the prior written consent of the other parties. 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 binding on the Sponsor and each Insider and their
      respective successors, heirs and assigns and permitted transferees.

    

    

    14. Nothing in this Letter Agreement shall be construed to confer upon, or give to, any person or corporation other than the parties hereto any right, remedy or claim under or by reason of this
      Letter Agreement or of any covenant, condition, stipulation, promise or agreement hereof. All covenants, conditions, stipulations, promises and agreements contained in this Letter Agreement shall be for the sole and exclusive benefit of the parties
      hereto and their successors, heirs, personal representatives and assigns and permitted transferees.

    

    

    15. This Letter Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such
      counterparts shall together constitute but one and the same instrument.

    

    

    16. This Letter Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Letter
      Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Letter Agreement a provision as similar in terms to
      such invalid or unenforceable provision as may be possible and be valid and enforceable.

    

    

    17. This Letter Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York. The parties hereto (a) all agree that any action, proceeding,
      claim or dispute arising out of, or relating in any way to, this Letter Agreement shall be brought and enforced in the courts of New York City, in the State of New York, and irrevocably submit to such jurisdiction and venue, which jurisdiction and
      venue shall be exclusive and (b) waive any objection to such exclusive jurisdiction and venue or that such courts represent an inconvenient forum.

    

    

    18. Any notice, consent or request to be given in connection with any of the terms or provisions of this Letter Agreement shall be in writing and shall be sent by express mail or similar
      private courier service, by certified mail (return receipt requested), by hand delivery or facsimile or other electronic transmission.

    

    

    19. Each party hereto shall not be liable for any breaches or misrepresentations contained in this Letter Agreement by any other party to this Letter Agreement (including, for the avoidance of
      doubt, any Insider with respect to any other Insider), and no party shall be liable or responsible for the obligations of another party, including, without limitation, indemnification obligations and notice obligations.

    

    

    20. This Letter Agreement shall terminate on the earlier of (a) the expiration of the Lock-up Periods and (b) the liquidation of the Company; provided further that paragraph 4 of this
      Letter Agreement shall survive such liquidation.

    

    

    21. The Company, the Sponsor and each Insider hereby acknowledges and agrees that the Underwriter is a third party beneficiary of this Letter Agreement.

    

    

    [Signature page follows]

    

    

    
      

      
        

      

    

    

    

    	 	 	
            Sincerely,

          
	 	 	 	 
	 	 	
            JTJT PARTNERS LLC

          
	 	 	 	 
	 	 	
            By:

          	/s/ Timothy W. Clark 

          
	 	 	 	
            Name: Timothy W. Clark

          
	 	 	 	
            Title:   Authorized Signatory

          
	 	 	 	 
	 	 	 	 
	 	 	/s/ Art Chou

          
	 	 	
            Art Chou

            

          
	 	 	 	 
	 	 	/s/ Endre Holen 

          
	 	 	Endre Holen

          
	 	 	 	 
	 	 	/s/ Hugh Forrest 

          
	 	 	Hugh Forrest

          
	 	 	 	 
	 	 	/s/ Jeffrey Luhnow 

          
	 	 	Jeffrey Luhnow

          
	 	 	 	 
	 	 	/s/ Joyce Johnson 

          
	 	 	Joyce Johnson

          
	 	 	 	 
	 	 	/s/ R.C. Buford

          
	 	 	R.C. Buford 

          
	 	 	 
	 	/s/ Sashi Brown  

          
	 	Sashi Brown

          
	 	 	 
	 	/s/ Sebastian Park  

          
	 	Sebastian Park

          
	 	 	 
	 	/s/ Tavo Hellmund

          
	 	Tavo Hellmund

          
	 	 	 
	 	/s/ Timothy Clark

          
	 	Timothy Clark
	 	 	 
	
            Acknowledged and Agreed:

          	 	 
	 	 	 	 
	
            SPORTSTEK ACQUISITION CORP.

          	 	 
	 	 	 	 
	
            By:

          	/s/ Timothy W. Clark 

          	 	 
	 	
            Name: Timothy W. Clark

          	 	 
	 	
            Title:   Chief Financial Officer, Chief Operating Officer

          	 	 

    

    

    [Signature Page to Letter Agreement]Exhibit 10.5

    

    SportsTek Acquisition Corp.

    2200 S. Utica Place

    Suite 450

    Tulsa, OK 74114

    

    

    February 16, 2021

    

    

    JTJT Partners LLC

    2200 S. Utica Place

    Suite 450

    Tulsa, OK 74114

    

    

    	Re:	
            Administrative Services Agreement

          

    

    

    Gentlemen:

    

    

    This letter agreement by and between SportsTek Acquisition Corp., a Delaware corporation (the “Company”), and JTJT Partners LLC, a Delaware limited liability company (“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”) and continuing until the earlier of the consummation by the Company of an initial business combination and the Company’s liquidation (in each case as described in the Registration
      Statement on Form S-1 (File No. 333-252604) filed with the Securities and Exchange Commission) (such earlier date hereinafter referred to as the “Termination Date”):

    

    

    	

          	1.	
            Sponsor shall make available to the Company, at 2200 S. Utica Place, Suite 450, Tulsa, OK 74114 (or any successor location or other existing office locations of Sponsor or any of its affiliates), certain office space, and administrative
              and support services as may be reasonably requested by the Company. In exchange therefor, the Company shall pay Sponsor, on the first day of each month, the sum of $2,000 per month commencing on the Listing Date and continuing monthly
              thereafter until the Termination Date; and

          

    

    

    	

          	2.	
            Sponsor hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind or nature whatsoever (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 presently has or may have in the future as a result of, or arising out of, this letter 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 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 all parties hereto.

    

    

    No party hereto may assign either this letter agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other party, provided that Sponsor may assign this letter agreement to an affiliate without
      the prior written approval of the Company. 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, 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 and construed in accordance with the laws of the State
      of New York.

    

    

    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 letter agreement.

    

    

    [Signature page follows]

    

    

    
      
        

    

     

    

    	 	
            Very truly yours,

          
	 	 
	 	
            SPORTSTEK ACQUISITION CORP.

          
	 	 	 
	 	
            By:

          	/s/ Timothy W. Clark 

          
	 	 	
            Name:

          	
             Timothy W. Clark

          
	 	 	
            Title:

          	
            Chief Financial Officer and Chief Operating Officer

          

    

    

    

    

    	
            AGREED TO AND ACCEPTED BY:

          	 
	 	 	 
	
            JTJT PARTNERS LLC

          	 
	 	 	 	 
	
            By:

          	/s/ Timothy W. Clark 

          	 
	 	
            Name:

          	
             Timothy W. Clark

          	 
	 	
            Title:

          	
            Authorized Signatory

          	 

    

    

    

    

    [Signature Page to Administrative Services Agreement]

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