Document:

Exhibit
10.8

 

November
23, 2021

 

InFinT
Acquisition Corporation

32 Broadway, Suite 401

New
York, NY 10004

 

InFinT
Capital LLC

32
Broadway, Suite 401

New York, NY 10004

 

Re: Administrative
Support Agreement

 

Ladies
and Gentlemen:

 

This
letter agreement by and between InFinT Acquisition Corporation (the “Company”) and InFinT Capital LLC (“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 and prospectus filed by
the Company 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 and the Company’s liquidation (in each case as described in
the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”):

 

i.
Sponsor shall make available, or cause to be made available, to the Company, at 32 Broadway, Suite 401 New York, NY 10004 (or any
successor location of Sponsor), certain office space, utilities and secretarial and administrative support as may be reasonably
required by the Company. In exchange therefor, the Company shall pay Sponsor the sum of $10,000 per month on the Listing Date and
continuing monthly thereafter until the Termination Date; and

 

ii. 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 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.

 

    	 

     

    

 

This
letter agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.

 

	 	Very
  truly yours,
	 	 	 
	 	InFinT
  Acquisition Corporation
	 	 	 
	 	By:	/s/
  Sheldon Brickman
	 	Name:	Sheldon
  Brickman
	 	Title:	Chief
  Financial Officer

 

	AGREED
  TO AND ACCEPTED BY:	 
	 	 	 
	InFinT
  Capital LLC	 
	 	 	 
	By:	/s/
  Alexander Edgarov	 
	Name:	Alexander
  Edgarov	 
	Title:	Manager	 

 

[Signature
Page to Administrative Support Agreement]​

​
​
​
Exhibit 10.1
​

November 23rd, 2021
​
Assure Holdings Corp.
4600 South Ulster Street, Suite 1225
Denver, CO
80237
​
Attn:  Mr. John Farlinger, Executive Chairman and CEO
          Mr. John Price, Chief Financial Officer
 ​
Dear Messrs. Farlinger and Price:
​
Re:Amending Agreement to the Commitment Letter (as defined below)
​
Centurion Financial Trust (the "Lender") hereby refers to the letter from the Lender to you, Assure Holdings Corp., (the "Borrower") dated March 8th, 2021, and accepted by the Borrower on the same date (the "Commitment Letter").  Unless otherwise defined herein, or unless the context otherwise requires, all capitalized terms shall have the respective meanings specified in the Commitment Letter.
​
The Lender is prepared to make the amendments to the Commitment Letter contemplated herein such to become effective on the terms and conditions contained in this amending agreement being satisfied or caused to be satisfied by the Borrower, to the satisfaction of the Lender.
​
Subject to your acceptance hereunder, the Lender hereby consents to the amendments contained in this amending agreement on the terms and conditions set out herein:
​
A.AMENDMENTS TO COMMITMENT LETTER
​
The Commitment Letter is hereby amended as follows and, subject to such amendments, shall otherwise remain in full force and effect (collectively, the "Amendments"):
​
	1.	Change:  The Financing Purpose & Program as follows:

​
From:
​
	Use of Funds:                                                        (USD $000’S)
	Sources of Funds:(USD $000’s)

	Step 1:
Revolving Credit Facility            $2,000
Working Capital                                                                 $1,200
Refinance of Existing Debt                                                $4,500
Estimated Transaction Fees              $300
​
Step 2:
Future Growth Capex / Acquisition Line                           $3,000                       
​
	Step 1:
Centurion Senior Revolving Loan       $2,000
Centurion Senior Term Loan       $6,000
​
​
​
Step 2:
Centurion Senior Term Loan – Tranche #2                    $3,000
​

	Total Uses of Funds:          $11,000
	Total Sources of Funds:       $11,000

​
​
​
​

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– 2 –

​
To: 
​
	Use of Funds:                                                        (USD $000’S)
	Sources of Funds:(USD $000’s)

	Step 1:
Revolving Credit Facility           $2,000
Working Capital                                                                 $1,200
Refinance of Existing Debt                                                $4,500
Estimated Transaction Fees              $300
​
Step 2:
Working Capital for General Corporate Purposes             $3,000                                          
​
	Step 1:
Centurion Senior Revolving Loan       $2,000
Centurion Senior Term Loan       $6,000
​
​
​
Step 2:
Centurion Senior Term Loan – Tranche #2                    $3,000
​

	Total Uses of Funds:          $11,000
	Total Sources of Funds:       $11,000

​
​
	2.	Change:  Terms related to the Disbursement of Tranche 2 as follows:

​
From:
​
Tranche 2 of the Senior Term – Acquisition Line to be made available to fund future acquisitions, subject to the achievement and maintenance of all Financial Covenants and terms and conditions as outlined herein, and also subject to the following:
​
		●	Centurion to review and approve each acquisition prior to funding for the particular advance, with Centurion’s main criteria being its satisfactory review of due diligence materials supporting all acquisitions to be financed by the Program, which are understood to be accretive in nature and on commercially reasonable terms;

		●	Funds to be advanced on a deal-by-deal basis subject to the Credit Facilities remaining fully in good 

standing and upon satisfactory review of the acquisition(s) to be financed by the Program;
		●	Assure Group to provide Centurion with a first ranking security interest over the company’s assets / shares to be acquired (as TBD in each case)

To:
​
Tranche 2 of the Credit Facilities to be disbursed in a single advance upon satisfactory execution of this amending letter and any related documentation as may be required by Centurion Financial Trust’s legal counsel.  
​
	3.	Further Define:  Reporting Requirements as it relates to the Borrowing Base covenant (previously designated as TBD) as follows:	

​
		●	The Borrower will continue to provide monthly financial reporting of its detailed aging account receivable balances, revenue billings, collections activity and any potential adjustments to account receivable balances along with supporting detail thereof;

		●	The Borrower will update this monthly reporting information to include any and all new subsidiaries that are to be formed to ensure that this reporting captures all of the invoicing, billings & collections activity for the consolidated business as a whole and for the purposes of determining the Borrowing Base;  

		●	The previously designated TBD Borrowing Base covenant is hereby defined as: Combined Advances under Tranche #1 and # 2 are not to exceed the Borrowing Base, defined as 75% of Accounts Receivable under 240 days (to be validated with completion of accounts receivable waterfall analysis; to be adjusted as mutually agreed upon by both parties) less priority payables. A monthly Borrowing Base covenant calculation is to be provided within 25 days of month end going forward. If for any reason whatsoever, the aggregate outstanding principal amount of Combined Advances under Tranche #1 and  # 2 shall, at any time, exceed the Borrowing Base (any such amount of the excess at any time being referred to herein as an "Excess Amount"), then promptly on demand from the Lender, the Borrower shall repay in an amount equal to or greater than the Excess Amount so as to reduce the Excess Amount at the time of repayment to zero.

​

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​
B.CONDITIONS PRECEDENT
​
Upon completion of the following terms and conditions, each to the satisfaction of the Lender, this amending agreement and the amendments to the Commitment Letter shall be effective:
​
	1.	each of the parties shall have duly executed and delivered to the Lender this amending agreement, and all other credit documents and legal documentation as are deemed necessary or desirable by the Lender for the purposes of accommodating amendments contemplated hereby;

​
	2.	Confirmation of the concurrent equity raise of no less than $4,000,000 USD;

​
	3.	the Lender shall have received such additional evidence, documents or undertakings as the Lender shall reasonably request to establish the consummation of the transactions contemplated hereby.

​
C.CONDITIONS SUBSEQUENT
​
On or before December 31st, 2021, the Borrower shall deliver or shall cause to be delivered to the Lender the following, in form and substance satisfactory to the Lender:
​
	1.
	An updated and fully integrated three-statement financial model, satisfactory to Centurion Financial Trust;

​
	2. 
	Updated Accounts Receivable waterfall as of November 16th, 2021 or most current date available;

​
	3.
	Updated organizational chart detailing all wholly-owned and partially-owned subsidiaries of the Assure group of companies;

​
	4.	Confirmation of any additional security registration for any new entities, as may be required;

​
	5.	The Borrower will provide any additional information as may be required by Centurion Financial Trust in support of its analysis of the above-noted information. 

​
​
D.MISCELLANEOUS
​
	1.	This amending agreement shall be construed and interpreted in accordance with the laws of the Province of Ontario and the laws of Canada applicable therein and each of the parties hereto irrevocably attorns to the non-exclusive jurisdiction of the courts of the Province of Ontario.

​
	2.	If any provision of this amending agreement is inconsistent or conflicts with any provisions of the Commitment Letter, the relevant provision of this amending agreement shall prevail and be paramount.

​
	3.	In connection with, and furtherance of, the forgoing, the parties hereto agree and confirm that each of the other Loan Documents (including, without limitation, that certain Debenture dated as of June 9, 2021, among, inter alios, the Lender, as secured party, and the Borrower, as debtor (the "Debenture")) shall be deemed to have been amended, effective as of the date hereof, to the extent necessary to give effect to the Amendments, with formal amending agreements of such Loan Documents reflect such amendments, as necessary, to follow within ninety (90) days of the date hereof (or such longer period as may be agreed as between the Borrower and the Lender, acting reasonably). For greater certainty, the parties hereto agree, confirm and acknowledge that, notwithstanding to the contrary in any Loan Document (including, without limitation, Section 7.15 of the Debenture), if there is any inconsistency between the terms of any Loan Document and the terms of the Commitment Letter, in respect of the Amendments, the terms of the Commitment Letter will prevail to the extent necessary to give the Amendments force and effect in such Loan Document.

​

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	4. 
	Each of the parties hereto agrees to execute and deliver or cause to be executed and delivered all such instruments and to take all such action as the Lender may reasonably request, at the expense of the Borrower, in order to more fully effectuate and accomplish the intent and purpose of and to carry out this amending agreement and the transactions contemplated hereby.

​
	5.	Nothing contained in this Agreement shall be deemed to be a waiver by the Lender of compliance by the Borrower or any Guarantor with any covenant or agreement contained in the Commitment or any other Loan Document, or a waiver of any default or Event of Default under the Commitment or any other Loan Document, and each of the parties hereto agrees that the Commitment as amended by this Agreement shall remain in full force and effect.

​
	6.	The Borrower shall pay all reasonable legal fees and disbursements incurred by the Lender in connection with this amending agreement and the transactions contemplated herein.

​
	7.	This amending agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which taken together shall be deemed to constitute one and the same instrument, and it shall not be necessary in making proof of this fourth amending agreement, to produce or account for more than one such counterpart.  This amending agreement may be executed and delivered by electronic transmission and each of the parties hereto may rely on such electronic or digital signature as though such signature were an original signature.

​
If the foregoing is satisfactory to you, please sign and return to us the enclosed copy of this amending agreement by the close of business on November 24th, 2021.
​
Yours very truly,
​
​
/s/ Chris Lewthwaite/s/ Daryl Boyce____
​
Chris LewthwaiteDaryl Boyce
Senior Director, Corporate FinanceExecutive Vice-President, Corporate Finance
​
[signatures continued on next page]

LEGAL*54558727.4
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ACCEPTED this 23rd day of November 2021 by:
​
Borrower:
​
Assure Holdings Corp. 
​
​
​
PER:  /s/ John Price______________                
         Authorized Signing Officer
​
Guarantors:
​
Assure Holdings Inc.Assure Neuromonitoring, LLC 
​
​
​
PER:  _/s/ John Price________________               PER: _/s/ John Price_________________
          Authorized Signing Officer         Authorized Signing Officer
​
​
Assure Networks, LLCAssure Neuromonitoring Colorado, LLC
​
​
​
PER:  /s/ John Price__________________                PER: /s/ John Price__________________
          Authorized Signing Officer         Authorized Signing Officer
​
​
Assure Neuromonitoring Louisiana, LLCAssure Neuromonitoring Michigan, LLC
​
​
​
PER:  _/s/ John Price_________________                PER: /s/ John Price__________________
          Authorized Signing Officer         Authorized Signing Officer
​
​
Assure Neuromonitoring Pennsylvania, LLCAssure Neuromonitoring Texas, LLC  
​
​
​
PER:  /s/ John Price__________________                PER: /s/ John Price__________________
          Authorized Signing Officer         Authorized Signing Officer
​
​
Assure Neuromonitoring Texas Holdings, LLCDNS Louisiana, LLC 
​
​
​
PER:  /s/ John Price___________________                PER: /s/ John Price_______ _________
          Authorized Signing Officer         Authorized Signing Officer
​
​
​
​

LEGAL*54558727.4
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– 6 –

Assure Neuromonitoring Arizona, LLCAssure Neuromonitoring Minnesota, LLC
​
​
​
PER:  /s/ John Price________________                PER: /s/ John Price__________________
          Authorized Signing Officer         Authorized Signing Officer
​
​
Assure Neuromonitoring Nevada, LLCAssure Neuromonitoring South Carolina, LLC
​
​
​
PER:  /s/ John Price________________                PER: /s/ John Price__________________
          Authorized Signing Officer         Authorized Signing Officer
​
​
DNS Professional Reading, LLCAssure Telehealth Providers, LLC (new entity)
​
​
​
PER:  /s/ John Price_________________                PER: /s/ John Price__________________
          Authorized Signing Officer         Authorized Signing Officer
​
​
Colorado Neurological, PLLC (new entity)Texas Neurological, PLLC (new entity)
​
​
​
PER:  /s/ John Price_______________                PER: /s/ John Price__________________
          Authorized Signing Officer         Authorized Signing Officer
​
​
Assure Networks Texas Holdings II, LLC (new entity)
​
​
​
PER:  /s/ John Price____________                
          Authorized Signing Officer          

LEGAL*54558727.4
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​

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