Exhibit 10.8


 


CROWN PROPTECH ACQUISITIONS





667 Madison Avenue





12th Floor





New York, NY 10065


 


[·],
2021


 


Crown PropTech Sponsor, LLC





667 Madison Avenue 


12th Floor





New York, NY 10065


 


Re: Administrative Services Agreement


 


Ladies and Gentlemen:


 


This
Administrative Services Agreement (this “Agreement”) by and between Crown PropTech Acquisitions (the
“Company”) and Crown PropTech Sponsor, LLC (the “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 New
York Stock Exchange (the “Listing Date”), pursuant to a Registration Statement on Form S-1 (File
No. 333-[·]) 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”):


 





 


1.    
The Sponsor shall make available, or cause to be made available, to the Company, at 667 Madison Avenue, 12th Floor, New York, New
York 10065 (or any successor location), office space, utilities and secretarial and administrative support services as may be reasonably
required by the Company. In exchange therefor, the Company shall pay the Sponsor up to $15,000 per month on the Listing Date and
continuing monthly thereafter until the Termination Date; and


 


2.    
The Sponsor 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 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 shareholders 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 may have in the future as a result of, or arising out of, this
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 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 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 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 Agreement shall
be governed by and construed in accordance with the laws of the State of New York for agreements made and to be wholly performed
within such state, without regards to the conflicts of laws principles thereof.


 


This Agreement may
be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together
shall constitute one and the same Agreement.


 


[Signature Page Follows] 


 






     


     


    

 




 


	 	 	Very truly yours, 
	 	 	 
	 	 	CROWN PROPTECH ACQUISITIONS
	 	 	 	 
	 	 	By: 	 
	 	 	 	Name: Richard Chera
	 	 	 	Title:  Chief Executive Officer

         

         

         



	AGREED AND ACCEPTED BY:
	 
	 
	
        CROWN PROPTECH SPONSOR, LLC

         

        By: 

         

	By: 	 
	 	Name: 
	 	Title: