Document:

Exhibit 10.1

    

     

    

    THIS PROMISSORY NOTE (THIS “NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).  THIS NOTE HAS BEEN
      ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT
      SUCH REGISTRATION IS NOT REQUIRED.

    

    

    PROMISSORY NOTE

    

    

    	
            Principal Amount:  Up to $300,000

          	
            Dated as of December 18, 2020

          

    

    

    SportsTek Acquisition Corp., a Delaware corporation and blank check company (“Maker”), promises to pay to the order of JTJT Partners LLC, a Delaware limited liability company, or its registered assigns or successors in interest (“Payee”), or order, the principal sum of up to Three Hundred Thousand Dollars ($300,000) in lawful money of the United States of America, on the terms and conditions described below.  All
      payments on this Note shall be made by check or wire transfer of immediately available funds or as otherwise determined by Maker to such account as Payee may from time to time designate by written notice in accordance with the provisions of this
      Note.

    

    

    1.          Principal.  The entire unpaid principal balance of this Note shall be payable by Maker on the earlier of:  (a) April 30, 2021 or (b) the date on which Maker
        consummates an initial public offering of its securities (such earlier date of (a) and (b), the “Maturity Date”).  The principal balance may be
        prepaid at any time.  Under no circumstances shall any individual, including but not limited to any officer, director, employee or shareholder of Maker, be obligated personally for any obligations or liabilities of Maker hereunder.

    

    

    2.          Drawdown Requests.  Maker and Payee agree that Maker may request, from time to time, up to Three Hundred Thousand Dollars ($300,000) in drawdowns under this Note to be
        used for costs and expenses reasonably related to Maker’s formation and the proposed initial public offering of its securities (the “IPO”). 
        Principal of this Note may be drawn down from time to time prior to the Maturity Date upon written request from Maker to Payee (each, a “Drawdown
          Request”).  Each Drawdown Request must state the amount to be drawn down, and must not be an amount less than Ten Thousand Dollars ($10,000), unless agreed upon in writing by Maker and Payee.  Payee shall fund each Drawdown Request no
        later than five (5) business days after receipt of a Drawdown Request; provided, however, that the maximum amount of
        drawdowns outstanding under this Note at any time may not exceed Three Hundred Thousand Dollars ($300,000).  Once an amount is drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid.  No fees, payments or
        other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.

    

    

    3.          Interest and Expenses.  No interest shall accrue on the unpaid principal balance of this Note.  Maker will reimburse Payee for all costs incurred in the collection of
        any sum due under this Note, including (without limitation) reasonable attorneys’ fees.

    

    

    4.          Application of Payments.  All payments shall be applied first to payment in full of any costs incurred in the collection of any sum due under this Note, including
        (without limitation) reasonable attorneys’ fees, then to the payment in full of any late charges and finally to the reduction of the unpaid principal balance of this Note.

    

    

    5.          Events of Default.  The following shall constitute an event of default (“Event of Default”):

    

    

    	

          	(a)	
            Failure to Make Required Payments.  Failure by Maker to pay the principal
              amount due pursuant to this Note within five (5) business days of the Maturity Date.

          

    

    

    	

          	(b)	
            Voluntary Bankruptcy, Etc.  The commencement by Maker of a voluntary case
              under any applicable bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other
              similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of
              corporate action by Maker in furtherance of any of the foregoing.

          

    
      
        

    

    
    

    

    	

          	(c)	
            Involuntary Bankruptcy, Etc.  The entry of a decree or order for relief by a
              court having jurisdiction in the premises in respect of Maker in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or
              similar official) of Maker or for any substantial part of its property, or ordering the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days.

          

    

    

    6.          Remedies.

    

    

    	

          	(a)	
            Upon the occurrence of an Event of Default specified in Section 5(a) hereof, Payee may, by written notice to Maker, declare this Note to be due immediately and payable,
              whereupon the unpaid principal amount of this Note, and all other amounts payable hereunder, shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived,
              anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

          

    

    

    	

          	(b)	
            Upon the occurrence of an Event of Default specified in Sections 5(b) or 5(c), the unpaid principal balance of this Note, and all other sums payable with regard to this
              Note, shall automatically and immediately become due and payable, in all cases without any action on the part of Payee.

          

    

    

    7.          Waivers.  Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest, and notice of
        protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any property,
        real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment; and
        Maker agrees that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof, on any writ of execution issued hereon, may be sold upon any such writ in whole or in part in any order desired by Payee.

    

    

    8.          Unconditional Liability.  Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this
        Note, and agrees that its liability shall be unconditional, without regard to the liability of any other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to by
        Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors, or
        sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder.

    

    

    9.          Notices.  All notices, statements or other documents which are required or contemplated by this Agreement shall be:  (a) in writing and delivered personally or sent by
        first class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address designated in writing, (b) by facsimile to the number most recently provided to such party or such other address or fax
        number as may be designated in writing by such party or (c) by electronic mail, to the electronic mail address most recently provided to such party or such other electronic mail address as may be designated in writing by such party.  Any notice or
        other communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt of written confirmation, if sent by facsimile or electronic transmission, one (1) business
        day after delivery to an overnight courier service or five (5) days after mailing if sent by mail.

    

    

    10.          Construction.  THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.

    

    

    11.          Severability.  Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
        extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other
        jurisdiction.

    
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    12.          Trust Waiver.  Notwithstanding anything herein to the contrary, Payee hereby waives any and all right, title, interest or claim of any kind (“Claim”) in or to any distribution of or from the trust account to be established in which the proceeds of the IPO conducted by Maker (including the deferred
        underwriters discounts and commissions) and the proceeds of the sale of the warrants issued in a private placement to occur prior to the consummation of the IPO are to be deposited, as described in greater detail in the registration statement and
        prospectus to be filed with the Securities and Exchange Commission in connection with the IPO, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the trust account for any reason whatsoever.

    

    

    13.          Amendment; Waiver.  Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent of Maker and Payee.

    

    

    14.          Assignment.  No assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto (by operation of law or otherwise) without
        the prior written consent of the other party hereto and any attempted assignment without the required consent shall be void.

    

    

    [Signature page follows]

    
      3

      
        

    

    

    

    IN WITNESS WHEREOF, Maker,
      intending to be legally bound hereby, has caused this Note to be duly executed by the undersigned as of the day and year first above written.

    

    

    	 	 	
            SPORTSTEK ACQUISITION CORP.,

          
	 	 	
            a Delaware corporation

          
	 	 	 	 
	 	 	
            By:

          	
            /s/ Timothy W. Clark

          
	 	 	 	
            Name:  Timothy W. Clark

          
	 	 	 	
            Title:  Authorized Signatory

          
	 	 	 	 
	
            Accepted and agreed this 18th day of December, 2020

          	 
	 	 	 	 
	
            JTJT PARTNERS LLC,

          	 	 
	
            a Delaware limited liability company

          	 	 
	 	 	 	 
	
            By:

          	
            /s/ Timothy W. Clark

          	 	 
	 	
            Name:  Timothy W. Clark

          	 	 
	 	
            Title:  Authorized Signatory

          	 	 

    

    

    [Signature Page to Promissory Note]Exhibit 10.2

    

    

    [•], 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 12,500,000 of the Company’s units (including up to 1,875,000 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 1,875,000 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 468,750 multiplied by a fraction, (a) the numerator of which is 1,875,000 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 1,875,000. 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 3,593,750 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
      5,000,000 Class A Common Shares of the Company (or 5,375,000 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 $5,000,000 in the aggregate (or
      $5,375,000 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:

          	 
	 	 	 	
            Name: Timothy W. Clark

          
	 	 	 	
            Title: Authorized Signatory

          
	 	 	 	 
	 	 	 	 
	 	 	 
	 	 	
            [Other Insiders]

          
	 	 	 	 
	 	 	 	 
	
            Acknowledged and Agreed:

          	 	 
	 	 	 	 
	
            SPORTSTEK ACQUISITION CORP.

          	 	 
	 	 	 	 
	
            By:

          	 	 	 
	 	
            Name: Timothy W. Clark

          	 	 
	 	
            Title: Chief Financial Officer, Chief Operating Officer

          	 	 

    

    

    [Signature Page to Letter Agreement]

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