Exhibit 10.8

    

    
      

      

      Atlantic Avenue Acquisition Corp

      2200 Atlantic Street

      

      Stamford, CT 06902

       

      October 1, 2020

      MC Credit Partners LP

      2200 Atlantic Street

      Stamford, CT 06902

       

      
        	
                Re:

              	
                Administrative Services Agreement

              


      

       

      Ladies and Gentlemen:

       

      This letter agreement by and between Atlantic Avenue Acquisition Corp  (the “Company”) and MC Credit Partners LP (“MC Credit Partners”), an affiliate of our sponsor, Atlantic Avenue Partners LLC, 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
        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) MC Credit Partners shall make available to the Company, at 2200 Atlantic Avenue, Stamford, CT 06902 (or any successor location), certain office space, utilities and secretarial and administrative support as may be
        reasonably required by the Company. In exchange therefor, the Company shall pay MC Credit Partners the sum of $10,000 per month on the Listing Date and continuing monthly thereafter until the Termination Date; and

       

      (ii) MC Credit Partners 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”), 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 laws principles.

       

      [Signature Page Follows]

      

      

      
        
          


      

      	 	
              Very truly yours,

            
	 	 
	 	
              ATLANTIC AVENUE ACQUISITION CORP

            
	 	 


      	 	
              By:

            	/s/ Barry Best

            
	 	
              Name:

            	Barry Best

            
	 	
              Title:

            	Chief Financial Officer

            


      

      

      	
              AGREED TO AND ACCEPTED BY:

            	 
	 	 
	
              MC CREDIT PARTNERS LP

            	 
	 	 


      	
              By:

            	/s/ Ashok Nayyar

            	 
	
              Name:

            	Ashok Nayyar

            	 
	
              Title:

            	
              Managing Director and Chief

              

              Investment Officer

              

            	 


       

      [Signature Page to Admin. Services Agreement]