Exhibit 10.6


 


Execution Version


 


CORPORATE
ADVISORY SERVICES AGREEMENT


 


This
CORPORATE ADVISORY SERVICES AGREEMENT (this “Agreement”) is entered into as of April 1, 2021 by and between Custom Truck One
Source, Inc., a Delaware corporation f/k/a Nesco Holdings, Inc. (the “Company”) and Platinum Equity Advisors, LLC (“Platinum”),
a Delaware limited liability company (“Advisor”).


 


RECITALS


 


A. The
Company specializes in providing a full-suite of specialty equipment services to the electric utility, telecom and rail infrastructure
end-markets (collectively, the “Business”).


 


B. Advisor
will perform certain services with respect to the Business, and, in exchange for such services, the Company agrees to pay Advisor certain
fees and to provide for other consideration, all as set forth herein.


 


AGREEMENT


 


NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree
as follows:


 


1. Appointment.
The Company, on behalf of itself and its subsidiaries (collectively, the “Group”), hereby retains Advisor to render certain
transactional and corporate advisory services as the Company and Advisor may mutually agree from time to time (collectively, the “Services”).


 


2. Term
and Termination.


 


(a) Term.
This Agreement shall begin immediately upon Closing (the date of Closing, the “Effective Date”) and shall continue until
terminated in accordance with Section 2(b). This Agreement may only be terminated in accordance with this Section 2(b).


 


(b) Termination.
This Agreement may be terminated at any time (i) by mutual written consent of the parties hereto; (ii) by Advisor, upon ninety (90) days’
prior written notice to the Company; (iii) by the Company, following a material breach of the terms hereof by Advisor, and Advisor having
failed to cure such material breach within thirty (30) days following receipt by it of written notice of such breach; and (iv) automatically
45 days following the earlier of (x) the date that affiliates of Platinum own, in the aggregate, less than 30% of outstanding Shares
and (y) the date that any Person or group (other than affiliates of Platinum) owns a number of outstanding Shares that is greater than
the number of outstanding Shares owned, in the aggregate, by affiliates of Platinum. Upon termination of this Agreement, the Company
shall pay to Advisor, if applicable, all accrued and unpaid Advisory Fees (pursuant to this Agreement) and all unpaid Out-of-Pocket Expenses
(pursuant to Section 5(b)) due with respect to the period prior to the date of termination. The obligations of the Company to
pay any and all accrued and unpaid obligations under this Section 2(b) shall survive any termination of this Agreement.


 


(c) For
the purposes of this Agreement, the following terms shall have the following meanings:


 


“Affiliate”
means with respect to any person or entity, any other person or entity directly or indirectly controlling or controlled by or under direct
or indirect common control with such specified person or entity, where “control” means the possession, directly or indirectly,
of the power to direct the management and policies of a person or entity whether through the ownership of voting securities, contract
or otherwise.


 


“Board”
means the board of directors of the Company.


 


“Closing”
shall have the meaning ascribed to it in that certain Common Stock Purchase Agreement, dated as of the date hereof by and between the
Company and PE One Source Holdings, Inc., as amended, restated, supplemented or otherwise modified from time to time,


 






     


     


    

 


“Independent
Director” shall have the meaning ascribed to it in the NYSE listing rules.


 


“Shares”
means shares of the Company’s common stock.


 


3. Scope
of Work. The Services will be performed for the Group. The Company shall be responsible for all amounts due hereunder. Advisor and
the Board shall meet and confer from time to time regarding the Services contemplated hereby; provided, however, that no
minimum number of hours is required to be devoted by Advisor. The Company acknowledges that (x) Advisor’s services are not exclusive
to the Company and (y) Advisor may render similar services to other persons and entities. No Services provided hereunder constitute or
shall be construed as investment advice or a recommendation to proceed or not to proceed with any particular action, including any proposed
investment or acquisition by the Company or any Group member. The performance of the Services shall not create a fiduciary relationship
between Advisor on one hand, and members of the Group, on the other. The Company, on behalf of itself and of each Group member, acknowledges
and agrees that, in the course of providing the Services, in no case is Advisor providing: (i) advice as to the value of securities or
the advisability of investing in, purchasing, or selling securities or (ii) investment advice or recommendations as to or on: (A) the
advisability of the prospects of or for any particular company or security, or (B) the price or future price of or price levels of any
security, security index, securities market, commodity, commodity index or commodity market. The Company further acknowledges and agrees
that it is responsible and liable for any actions or determinations (including any investment decisions) made by the Group.


 


4. Quality
of Services. Advisor shall render the Services in a professional, timely and workmanlike manner. The Services will be performed with
the same degree of diligence and care as such Services are performed by Advisor for other portfolio companies of its managed funds.


 


5. Compensation.


 


(a) The
Company shall pay, or cause its subsidiary entities to pay, to Advisor an advisory fee (the “Advisory Fee”) of (i) $5,000,000
for the calendar year 2021, pro rated based upon the number of days in calendar year 2021 during which this Agreement is effective,
(ii) $5,000,000 per annum for calendar years 2022 and 2023, (iii) $2,500,000 per annum for calendar year 2024, and (iv) $1,250,000 per
annum for each calendar year thereafter, in each case, as specified below (the “Base Fee Amount”). The Advisory Fee shall
be paid in cash.


 


(b) Payment
of the Advisory Fee shall be made for each calendar year in equal quarterly installments of the Advisory Fee applicable to such calendar
year (each a “Quarterly Installment Payment”) in cash in arrears for each preceding quarter on January 1, April 1, July 1
and October 1 of each year (each a “Quarterly Installment Payment Date”); provided that (i) the first Quarterly Installment
Payment Date shall be the first such date following the Effective Date (the “First Installment Date”) and (ii) each payment
for such a year shall be in an amount equal to the quotient of (i) the Base Fee Amount for such year divided by (ii) the number
of Quarterly Installment Payment Dates occurring after the Effective Date and applicable to such calendar year.


 






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(c)
The Advisory Fee shall be subject to value added tax, sales tax or other similar taxes, where applicable.


 


(d) The
Company shall reimburse, or cause its subsidiaries to reimburse, Advisor monthly for Out-of-Pocket Expenses (as defined below), incurred
following the Effective Date. For the purposes of this Agreement, “Out-of-Pocket Expenses” means (i) the documented, reasonable
and actual out-of-pocket costs and expenses incurred by the Advisor while delivering products and/or services to the Company or any Group
member in connection with the Services (excluding wages, salaries, and all other customary overhead expenses of the Advisor), (ii) reasonable
fees and disbursements of unaffiliated third party advisors or consultants while delivering products and/or services to the Company or
any Group member (but excluding for the avoidance of doubt such fees and disbursements incurred in advising Advisor or its Affiliates
including in its capacity as an investor in the Company), and (iii) reasonable costs of any outside services of independent contractors
such as financial printers, couriers, business publications, online financial services or similar services incurred while delivering
products and/or services to the Company or any Group member.


 


(e)
 The provisions of this Section 5 shall survive the expiration or termination of this
Agreement.


 


(f) The
Platinum-appointed directors of the Board that are not Independent Directors shall not receive any fees on account of serving on the
Board.


 


6. Common
Legal Interest. Advisor and the Company agree that they share a mutual and common legal interest to cooperate in the prosecution
or defense of pending or future litigations, arbitrations, claims, investigations, and regulatory actions that may arise from time to
time and may be considered a single corporate client in respect of their representation by legal counsel in certain matters. Such cooperation
and single corporate client status may involve the exchange of privileged and/or confidential, business, financial, technical or other
documents, information and communications between Advisor and its affiliates, counsel, consultants or other agents on the one hand, and
the Company and its affiliates, counsel, consultants and agents on the other. In order to allow the sharing of such privileged and/or
confidential documents, information and communications in furtherance of any common legal interest and/or single corporate client status,
Advisor and the Company agree to maintain, and will direct their respective counsel, consultants and other agents to maintain, the confidentiality
of documents, information and communications that have been or will be exchanged (collectively, “Common Interest Materials”).
All Common Interest Materials exchanged between or among Advisor and the Company, their respective counsel, and any consultants or agents
that may be retained by either of them or their respective counsel are confidential and are protected from disclosure to third parties
by the attorney-client privilege, the joint defense privilege, the common interest privilege, or the attorney work-product doctrine,
which privileges and protections may not be waived by any person without the prior written consent of the holder of the privilege. In
sharing Common Interest Materials, Advisor and the Company rely and invoke the joint defense or common interest exception to the waiver
of the attorney-client privilege, the attorney work product doctrine or any other applicable privilege or protection.


 


7. Representation
and Warranties.


 


(a) Advisor
represents and warrants that as of the date hereof that (i) Advisor is a company duly organized and validly existing under the laws of
the state of Delaware, and all corporate and other internal authorization required for the execution of this Agreement have been obtained,
and (ii) this Agreement does not materially violate any agreements to which Advisor is a party.


 


(b) The
Company represents and warrants to Advisor that as of the date hereof that (i) the Company is a company duly organized and validly existing
under the laws of the State of Delaware, and all corporate and other internal authorization required for the execution of this Agreement
have been obtained, and (ii) this Agreement does not materially violate any agreements to which the Company is a party.


 






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8. Indemnification;
Limitation of Liability.


 


(a) Indemnification.
The Company will indemnify and hold harmless Advisor and its Affiliates and their respective partners (both general and limited), members
(both managing and otherwise), officers, directors, employees, agents and representatives (each such person being an “Indemnified
Party”) from and against any and all losses, claims, damages and liabilities, whether joint or several (the “Liabilities”),
related to, arising out of or in connection with the Services contemplated by this Agreement or the engagement of Advisor pursuant to,
and the performance by Advisor of the Services contemplated by this Agreement, whether or not pending or threatened, whether or not an
Indemnified Party is a party, whether or not resulting in any liability and whether or not such action, claim, suit, investigation or
proceeding is initiated or brought by or on behalf of the Company or any other Group member. The Company will reimburse any Indemnified
Party for all reasonable costs and expenses (including reasonable attorneys’ fees and expenses) as they are incurred in connection
with investigating, preparing, pursuing, defending or assisting in the defense of any action, claim, suit, investigation or proceeding
for which the Indemnified Party would be entitled to indemnification under the terms of the previous sentence, or any action or proceeding
arising therefrom, whether or not such Indemnified Party is a party thereto. The Company hereby acknowledges that certain Indemnified
Parties have certain rights to indemnification, advancement of expenses and/or insurance provided by Advisor and its Affiliates in connection
with the Indemnified Party’s activities on behalf of Advisor and its Affiliates, including acting as a director of a current or
former portfolio company that Advisor and its Affiliates intend to be secondary to the primary obligation of the Company to indemnify
such Indemnified Party pursuant to and in accordance with the indemnification provision in this Section 8(a). The Company acknowledges
and agrees that (a) the Company is the indemnitor of first resort and the Company is wholly and primarily responsible for the payment
of any and all indemnification to which any Indemnified Party is entitled under this Section 8(a) or otherwise pursuant to any
rights that the Company has granted to such Indemnified Party in connection with its performance of the Services, and any obligation
of Advisor and its Affiliates to provide indemnification for the same expenses or liabilities incurred by such Indemnified Party is secondary,
(b) any such indemnification and expenses shall be paid by or on behalf of the Company, and (c) the Company irrevocably waives, relinquishes
and releases Advisor and its Affiliates from any and all claims against Advisor and its Affiliates for contribution, reimbursement, subrogation,
set-off, exoneration or otherwise from any of Advisor and its Affiliates thereof for amounts paid in respect thereof. The Company further
agrees to indemnify, reimburse and hold harmless each of Advisor and its Affiliates for any and all amounts for which the Company is
wholly and primarily responsible under this Section 8(a) in the event that any of Advisor and its Affiliates actually pays any
such amounts for any reason to or on behalf of any Indemnified Party. The Company will not be liable under the foregoing indemnification
provision with respect to any particular loss, claim, damage, liability, cost or expense of an Indemnified Party that is determined by
a court of competent jurisdiction, in a final judgment from which no further appeal may be taken, to have resulted primarily from the
willful misconduct, gross negligence or bad faith of Advisor or such Indemnified Party. The attorneys’ fees and other expenses
of an Indemnified Party shall be paid by the Company as they are incurred conditioned upon receipt, in each case, of an undertaking by
or on behalf of the Indemnified Party to repay such amounts if a court of competent jurisdiction renders a final non-appealable judgment
that the Liabilities in question resulted primarily from willful misconduct, gross negligence or bad faith of Advisor or such Indemnified
Party. If such indemnification is for any reason not available or insufficient to hold an Indemnified Party harmless, the Company agrees
to contribute to the Liabilities involved in such proportion as is appropriate to reflect the relative benefits received (or anticipated
to be received) by the Group, on the one hand, and by Advisor, on the other hand, with respect to the Services or, if such allocation
is determined by a court or arbitral tribunal to be unavailable, in such proportion as is appropriate to reflect other equitable considerations
such as the relative fault of the Group, on the one hand, and of Advisor, on the other hand; provided, however, that
to the extent permitted by applicable law, the Indemnified Parties shall not be responsible for amounts in excess of the Advisory Fee
accrued by the Company in the prior twelve months (but only to the extent actually received by Advisor). Relative benefits to the Group,
on the one hand, and to Advisor, on the other hand, with respect to the Services shall be deemed to be in the same proportion as (i)
the total value received or proposed to be received by the Group in connection with the Services or any transactions to which the Services
relate bears to (ii) all fees actually received by Advisor in connection with the Services. The provisions of this Section 8(a)
shall survive the expiration or termination of this Agreement.


 


(b) Limitation
of Liability. Notwithstanding anything herein to the contrary, the maximum aggregate monetary or other liability that Advisor shall
have to the Company, a Group member or any other party (including, without limitation, the Company’s or a Group member’s
officers, directors, employees, agents and other representatives and stockholders) with respect to any and all claims (on a cumulative
basis) related to or in connection with the breach or alleged breach hereof by Advisor, or related to or in connection with the Services
provided or to be provided hereunder, shall be limited to the Advisory Fee accrued by the Company in the prior twelve months (but only
to the extent actually received by Advisor). Notwithstanding anything herein to the contrary, Advisor shall not be liable under any circumstance
for any special, consequential, indirect, punitive or exemplary, or similar, damages arising from its provision of the Services or otherwise
related to or in connection with this Agreement. The provisions of this Section 8(b) shall survive the expiration or termination
of this Agreement.


 






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9. Permissible
Activities. Subject to applicable law, nothing herein will in any way preclude Advisor or its Affiliates (other than the Group and
its respective employees) or their respective partners (both general and limited), members (both managing and otherwise), officers, directors,
employees, agents or representatives from engaging in any business activities or from performing services for its or their own account
or for the account of others, including for companies that may be in competition with the business conducted by the Group.


 


10. Accuracy
and Confidentiality of Information to be Provided.


 


(a) The
Company will furnish or cause to be furnished to Advisor such information as Advisor believes reasonably appropriate to its Services
hereunder, and Advisor acknowledges that it will have access to confidential information, records, trade secrets of the Company and certain
proprietary information of a business, financial, marketing, technical or other nature pertaining to the Company (all such information
so furnished, the “Information”). Without limiting the generality of the foregoing, the Company agrees to furnish to Advisor
monthly financial data of the type customarily prepared by the Company for senior management, except to the extent that the Company and
Advisor may otherwise mutually agree with respect to the extent and/or the frequency of the data to be so furnished to Advisor. The Company
recognizes and confirms that Advisor (a) will use and rely primarily on the Information and on information available from generally recognized
public sources in performing the Services contemplated by this Agreement without having independently verified the same, (b) does not
assume responsibility for the accuracy or completeness of the Information and such other information and (c) is entitled to rely upon
the Information without independent verification.


 


(b) During
the term of this Agreement, and for a period of 2 years after the expiration or termination of this Agreement for any reason, Advisor
shall not directly or indirectly disclose Information to any person or entity or use any Information for its own benefit or the benefit
of any other person or entity without the Company’s prior written consent. All records, files, documents and equipment relating
to the Company’s business which Advisor shall prepare, use, or come into contact with, shall be and remain the Company’s
sole property and shall be returned to the Company (or, at Advisor’s option, destroyed) upon expiration or termination of this
Agreement for any reason. Notwithstanding anything to the contrary in this Agreement, Advisor may disclose any Information in the event
that Advisor is required by applicable law, subpoena, court order, legal process, rule, regulation, or governmental or regulatory body
to disclose all or any portion of the Information. The provisions of this Section 10 (b) shall survive for 2 years after the expiration
or termination of this Agreement.


 


11. Independent
Contractor. Advisor shall act solely as an independent contractor and shall have complete charge of its personnel engaged in the
performance of the Services or any other advice or services contemplated by this Agreement. As an independent contractor, Advisor shall
have authority only to act as an advisor to the Company and the other Group members and shall have no authority to enter into any agreement
or to make any representation, commitment or warranty binding upon the Company or any of the other Group members or to obtain or incur
any right, obligation or liability on behalf of the Company or any of the other Group members. Nothing contained in this Agreement shall
cause Advisor to be deemed a partner of or joint venturer with the Company or any of the other Group members. Nothing contained in this
Agreement shall be deemed or construed by the parties or any third party to create the relationship of partners or joint ventures between
Advisor or any of its partners or members or any of their Affiliates, investment managers, investment Advisor or partners, and the Company
or any of the other Group members.


 






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12. Notices.
All notices, requests, demands and other communications provided for by this Agreement shall be in writing and shall be delivered by
hand, sent by recognized overnight courier or given by email sent to the addresses set forth below. All such communications shall be
deemed to have given or made when delivered by hand, sent by email upon confirmed receipt, or one business day after being delivered
to a recognized overnight courier.


 


(a) If
to Advisor, to:


 


Platinum
Equity Advisors, LLC


360
N. Crescent Dr.


Beverly
Hills, CA 90210


Attention:
John Holland, General Counsel


Email:
jholland@platinumequity.com


 


(b)
If to the Company, to:


 


Custom
Truck One Source, Inc.

6714 Pointe Inverness Way

Suite 220

Fort Wayne, IN 46804

Attn: Josh Boone

Email: josh.boone@nescorentals.com


 


13. Modification.
This Agreement may not be modified or amended in any manner other than by an instrument in writing signed by all of the parties hereto,
or their respective successors or permitted assigns.


 


14. Entire
Agreement. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes
any prior agreement or understanding among them with respect to such subject matter.


 


15. Severability.
Each provision of this Agreement shall be considered severable, and if for any reason any provision that is not essential to the effectuation
of the basic purposes of this Agreement is determined to be invalid and contrary to any existing or future law, such invalidity shall
not impair the operation of or affect those provisions of this Agreement that are valid.


 


16. Waiver.
No provision of this Agreement shall be deemed to have been waived unless such waiver is in writing and signed by or on behalf of the
party granting the waiver. The waiver of either party of any breach of this Agreement shall not operate or be construed to be a waiver
of any subsequent breach.


 


17. Assignment.
This Agreement may not be assigned by any party hereto without the written consent of the other party; provided, that Advisor
shall be entitled to assign this Agreement to any Affiliate of Advisor. Any assignment in violation of the foregoing shall be null and
void.


 


18. Governing
Law. This Agreement will be governed by, and construed in accordance with, the laws of the State of New York. Each of the parties
agrees that all actions, suits or proceedings arising out of or based upon this Agreement or the subject matter hereof shall be brought
and maintained exclusively in the federal and state courts located in the State of New York sitting in New York County and of the United
States District Court of the Southern District of New York. Each of the parties hereto by execution hereof (i) hereby irrevocably submits
to the jurisdiction of the federal and state courts located in the State of New York sitting in New York County and of the United States
District Court of the Southern District of New York for the purpose of any action, suit or proceeding arising out of or based upon this
Agreement or the subject matter hereof and (ii) hereby waives to the extent not prohibited by applicable law, and agrees not to assert,
by way of motion, as a defense or otherwise, in any such action, suit or proceeding, any claim that is not subject personally to the
jurisdiction of the above-named courts, that it is immune from extraterritorial injunctive relief or other injunctive relief, that its
property is exempt or immune from attachment or execution, that any such action, suit or proceeding may not be brought or maintained
in one of the above-named courts, that any such action, suit or proceeding brought or maintained in one of the above-named courts should
be dismissed on grounds of forum non conveniens, should be stayed by virtue of the pendency of any other action, suit or proceeding in
any court other than one of the above-named courts, or that this Agreement or the subject matter hereof may not be enforced in or by
any of the above-named courts. Each of the parties hereto hereby consents to service of process in any such suit, action or proceeding
in any manner permitted by the laws of the State of New York, agrees that service of process by registered or certified mail, return
receipt requested, at the address specified in or pursuant to Section 12 is reasonably calculated to give actual notice and waives
and agrees not to assert by way of motion, as a defense or otherwise, in any such action, suit or proceeding any claim that service of
process made in accordance with Section 12 does not constitute good and sufficient service of process. The provisions of this
Section 18 shall not restrict the ability of any party to enforce in any court any judgment obtained in a federal or state court
located in the State of New York sitting in New York County and of the United States District Court of the Southern District of New York.


 






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TO
THE EXTENT NOT PROHIBITED BY APPLICABLE LAW WHICH CANNOT BE WAIVED, EACH OF THE PARTIES HERETO HEREBY WAIVES, AND COVENANTS THAT IT WILL
NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT, OR OTHERWISE), ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE, CLAIM, DEMAND,
CAUSE OF ACTION, ACTION, SUIT OR PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT OR THE SUBJECT MATTER HEREOF, IN EACH CASE WHETHER
NOW EXISTING OR HEREAFTER ARISING AND WHETHER IN CONTRACT OR TORT OR OTHERWISE. Each of the parties hereto acknowledges that it has been
informed by the other party that the provisions of this paragraph constitute a material inducement upon which such party is relying and
will rely in entering into this Agreement and the transactions contemplated hereby. Any of the parties hereto may file an original counterpart
or a copy of this Agreement with any court as written evidence of the consent of each of the parties hereto to the waiver of its right
to trial by jury.


 


19. Dispute
Resolution.


 


(a) In
the event of any controversy or claim arising out of or relating to this Agreement (hereafter, a “Dispute”), Advisor and
Board Representative shall work in good faith, using reasonable best efforts and recognizing their mutual interests, to resolve such
Dispute in a manner satisfactory to both the Advisor and the Company. If Advisor and Board Representative do not resolve such Dispute
within thirty (30) business days after notice of the Dispute is provided to the other party, the Dispute shall be determined by arbitration
(the “Arbitration”) administered by the American Arbitration Association in accordance with the provisions of its Commercial
Arbitration Rules (the “Rules”). Notwithstanding the foregoing, either party may immediately bring a proceeding seeking temporary
or preliminary injunctive relief in a court having jurisdiction thereof which shall remain in effect until a final award is made in the
Arbitration.


 


(b)
The Arbitration shall be administered before one arbitrator, who shall be selected jointly by Advisor and Board Representative, or if
such parties cannot agree on the selection of the arbitrator, shall be selected by the American Arbitration Association (provided that
any arbitrator selected by the American Arbitration Association shall not be affiliated with either party without the written consent
of the non-affiliated party). Judgment may be entered on the arbitrator’s award in any court having jurisdiction. The arbitrator
shall be empowered to enter an equitable decree mandating specific enforcement of the terms of this Agreement. The Company and Advisor
shall equally bear all expenses of the American Arbitration Association (including those of the arbitrator) incurred in connection with
the Arbitration, provided, however, that the applicable party shall bear all such expenses if the arbitrator or relevant
trier-of-fact determines that such party’s claim or position was frivolous.


 


(c) “Board
Representative” means an Independent Director appointed by a vote of the majority of the Company’s Independent Directors.


 


20. Successors
and Assigns. Except as herein otherwise specifically provided, this Agreement shall be binding upon and inure to the benefit of the
parties and their legal representatives, heirs, administrators, executors, successors and permitted assigns.


 






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21. Counterparts.
This Agreement may be executed in several counterparts (including via facsimile or other electronic method), each of which shall be deemed
an original but all of which shall constitute one and the same instrument. It shall not be necessary for all parties to execute the same
counterpart hereof.


 


22. No
Third-Party Beneficiaries. Except for the Indemnified Parties, who are express and intended third party beneficiaries of this Agreement,
no persons other than the parties to this Agreement may directly or indirectly rely upon or enforce the provisions of this Agreement,
whether as a third party beneficiary or otherwise.


 


23. Headings.
All section headings in this Agreement are for convenience of reference only and are not intended to qualify the meaning of any section.


 


24. Interpretation.
Wherever from the context it appears appropriate, each term stated in either the singular or the plural shall include the singular and
the plural, and pronouns stated in the masculine, the feminine or neuter gender shall include the masculine, the feminine and the neuter.
The construction of this Agreement shall not take into consideration the party who drafted or whose representative drafted any portion
of this Agreement, and no canon of construction shall be applied that resolves ambiguities against the drafter of a document.


 


25. Data
Protection - GDPR.


 


(a) As
used in this Section 25, all references to the “Company” shall mean the Company (or a subsidiary of Company, as applicable)
providing personal data to Advisor to be processed on its behalf as a processor or sub-processor, as applicable. To the extent that Advisor
receives personal data from Company, and provided Company is subject to the GDPR (as defined below), if Advisor processes such personal
data as a processor or sub-processor, as applicable, on behalf of the Company, this Section 25 shall apply. In relation to all such personal
data, Advisor agrees to:


 


		(i)	process,
                                            hold and use the personal data as instructed by the Company and only pursuant to the documented
                                            instructions of the Company;



 


		(ii)	provide
                                            adequate protection by implementing such security measures as are necessary and appropriate
                                            in relation to the systems in which the personal data is held by Advisor to guard against
                                            accidental or unlawful destruction, loss, alteration, unauthorized disclosure or access to
                                            the personal data and ensure a level of security appropriate to the risk;



 


		(iii)	take
                                            such steps as are necessary to ensure that its personnel who have access to the personal
                                            data are reliable and adequately trained;



 


		(iv)	ensure
                                            that personnel with access to the personal data are bound by confidentiality obligations
                                            in respect of access, use or processing of the personal data;



 


		(v)	notify
                                            the Company without undue delay upon becoming aware of any breach of security leading to
                                            the accidental or unlawful destruction, loss, alteration, unauthorized disclosure of, or
                                            access to, personal data (each, a “personal data breach”);



 


		(vi)	notify
                                            the Company if, in Advisor’s opinion, any instruction from the Company infringes the GDPR
                                            or other applicable EU or Member State data protection laws;



 


		(vii)	taking
                                            into account the nature of the processing and information available to Advisors and to the
                                            extent necessary to facilitate the Company’s compliance with its obligations under the GDPR,
                                            provide reasonable assistance to the Company in relation to (i) the Company’s obligation
                                            to respond to requests from data subjects to exercise their rights under the GDPR; and (ii)
                                            the Company’s obligations under Articles 32 (security of processing), 33 (notification of
                                            personal data breach to the supervisory authority), 34 (communication of a personal data
                                            breach to the data subject), 35 (data protection impact assessments) and 36 (prior consultation)
                                            of the GDPR; and



 






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		(viii)	make
                                            available to the Company information reasonably necessary to demonstrate Advisor’s compliance
                                            with this Section 24 and permit at the Company’s own expense and not more than once in any
                                            twelve (12) month period, the Company’s independent auditors to inspect Advisor’s arrangements
                                            for complying with this Section 25 and provide the report to the Company, provided, that
                                            a reasonable period of notice is given in advance of such an inspection and that it is conducted
                                            during Advisor’s normal business hours and the report remains confidential information of
                                            Advisor and shall not be disclosed to any other party.



 


(b) Advisor
may transfer personal data supplied to it by the Company solely for processing to sub-processors who may be authorized from time to time
to provide payroll, administrative, legal, accounting and other services. A list of such sub-processors is available from Advisor upon
request, and Advisor will provide the Company with reasonable prior notice in relation to any changes to that list of sub-processors.
Advisor may not transfer personal data belonging to the Company to any other third party without the Company’s express permission in
writing. It is a condition of this Agreement that each entity that receives personal data belonging to the Company from Advisor must
be bound in writing by terms at least as protective of such personal data as those in Section 25(a) above and that such transferee agrees
in writing that the Company may enforce such provisions against it directly.


 


(c) The
obligations of the parties under this Section 25 shall survive the expiration or termination of this Agreement.


 


(e) The
duration of the processing by Advisor of personal data is the term of this Agreement. The subject matter, nature and purposes of processing
by Advisor is the receipt of the Services by the Company and provision of the Services by Advisor. The categories of data subjects include
the following: suppliers, employees, emergency contacts, customers, clients and prospects.


 


(f) The
types of personal data include the following (and such other information necessary for the Company to receive the benefit of the Services):
identification data (e.g., names, addresses, dates/places of birth), personal life data (e.g., living habits, marital status),
professional life data (e.g., resume, education, professional training), economic and financial information, traffic data (such
as IP addresses, event logs) and location data.


 


(g)
 As used in this Section 25, the terms “personal data”, “processing” and
“data subject” shall have the meanings ascribed to such terms under Regulation (EU) 2016/679 (the “General Data Protection
Regulation” or “GDPR”).


 


26.
 Data Protection - CCPA. To the extent the CCPA (as defined below) applies to the processing
of personal data by a party to this Agreement, whether such personal data is (i) information regarding employees, customers, suppliers,
or other natural persons related to the other party or (b) information regarding employees, customers, suppliers, or other natural persons
related to a third party (such as a target company for an acquisition), then such party receiving personal data agrees to comply with
the California Consumer Privacy Act of 2018, as amended (the “CCPA”). The parties further acknowledge and agree that, solely
for purposes of the CCPA, Consultant acts as a CCPA Service Provider, and Company does not sell personal data to Consultant. As used
in this Section 12, “personal data”, “processing” and “Service Provider” shall have the meanings
ascribed to such terms in the CCPA.


 


[signature
page follows]


 




    9


     


    


 


IN
WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized representatives.


 





	PLATINUM EQUITY ADVISORS, LLC	 	CUstom truck one source, inc.
	 	 	 	 	 
	By: 	/s/ Mary Ann Sigler	 	By: 	/s/ Joshua Boone
	Name:	Mary Ann Sigler	 	Name:	Joshua Boone
	Title:	Executive Vice President and	 	Title:	Chief Financial Officer
	 	Chief Financial Officer	 	 	 


 





[Signature Page to the Corporate Advisory Services
Agreement]