Exhibit 10.8


 


African Gold Acquisition Corporation


322 West 52nd Street, #2322

New York, NY 10019-9998


January [__], 2021


 


Black Mountain Investment Management (Pty) Ltd.


322 West 52nd Street, #2322

New York, NY 10019-9998


 


Re: Administrative
Support Agreement


 


Ladies and Gentlemen:


 


This letter agreement
by and between African Gold Acquisition Corporation (the “Company”) and Black Mountain Investment Management (Pty)
Ltd. (“BMIM”), 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 New York Stock Exchange (the “Listing Date”), pursuant to a Registration Statement
on Form S-1 and prospectus filed with the U.S. Securities and Exchange Commission (the “Registration Statement”) and
continuing until the earlier of the consummation by the Company of an initial business combination or the Company’s liquidation
(in each case as described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination
Date”):


 


(i) BMIM shall
make available, or cause to be made available, to the Company, 322 West 52nd Street, #2322 New York, NY
10019-9998 (or any successor location of BMIM), office space, administrative, and support services. In exchange therefor, the
Company shall pay BMIM the sum of $10,000 per month on the Listing Date and continuing monthly thereafter until the
Termination Date; and


 


(ii) BMIM hereby irrevocably
waives any and all right, title, interest, causes of action and claims of any kind as a result of, or arising out of, this letter
agreement (each, a “Claim”) in or to, and any and all right to seek payment of any amounts due to it out of, the trust
account established for the benefit of the public stockholders of the Company and into which substantially all of the proceeds
of the Company’s initial public offering will be deposited (the “Trust Account”) as a result of, or arising out
of, this letter agreement, and hereby irrevocably waives any Claim it may have in the future, 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 the 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. 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
constitutes the entire relationship of the parties hereto, and any litigation between the parties (whether grounded in contract,
tort, statute, law or equity) shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State
of New York, without giving effect to its choice of law principles.


 


[Signature Page Follows]


 



     


     


    




 


	 	Very truly yours,
	 	 
	 	African Gold Acquisition Corporation
	 	 	    
	 	By:	 
	 	 	Name:	            
	 	 	Title:	 


 


AGREED TO AND ACCEPTED BY:


 


Black Mountain Investment
Management (Pty) Ltd.


 


	By:		 
	 	Name: 	 
	 	Title:   	 


 


[Signature Page to Administrative Support
Agreement]