Document:

Exhibit 10.8

 

ATLAS CREST INVESTMENT CORP. III

399 Park Avenue

New York, NY 10022

 

[ ], 2021

 

Moelis & Company LLC

399 Park Avenue

New York, NY 10022

 

Re: Support
Agreement

 

Ladies and Gentlemen:

 

1.                  
This letter agreement by and between Atlas Crest Investment Corp. III (the “Company”) and Moelis &
Company LLC (“Moelis”), 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)	Moelis shall make available, or cause to be made available, to the Company, at 399 Park Avenue,
New York, New York 10022 (or any successor location of Moelis), certain office space and secretarial and administrative services
as may be reasonably required by the Company; and

 

		(ii)	Moelis, or its parent, Moelis & Company Group LP, shall make available certain corporate development
and other operational support, including accounting and legal services, as may be reasonably required by the Company (the services
set forth in clauses (i) and (ii) are referred to herein as, the “Services”).

 

In exchange therefor,
the Company shall pay Moelis the sum of $10,000 per month on the Listing Date and continuing monthly thereafter until the Termination
Date.

 

2.                  
We are an independent contractor (and we are expressly not acting as a fiduciary) with the contractual duties described
herein owing only to the Company. Since we will be acting on the Company’s behalf, the Company and we agree to the indemnity
and other provisions set forth in Annex A. The Company’s obligations set forth therein shall be in addition
to any rights that any Indemnified Person may have at common law or otherwise. Other than the Indemnified Persons, there are no
third-party beneficiaries of this agreement.

 

3.                  
Either of us may terminate this agreement at any time, with or without cause, on written notice. In the event
of any termination, we will continue to be entitled to the fees that became payable hereunder prior to termination. Annex A,
Sections 2 through 6 shall remain in full force and effect after the completion or termination of this agreement.

 

4.                   Moelis
is an independent investment bank which is engaged in a range of investment banking activities. Certain affiliates of Moelis
are engaged in asset management and other activities for their own account and otherwise. Moelis and its affiliates may have
interests that differ from the Company’s interests. Moelis and its affiliates have no duty to disclose to the Company,
or use for the Company’s benefit, any information acquired in the course of providing services to any other party,
engaging in any transaction or carrying on any other businesses. Moelis’ employees, officers, partners and affiliates
may at any time own the Company’s securities or those of any other entity involved in any transaction contemplated by
this agreement. Moelis recognizes its obligations under applicable securities laws in connection with the purchase and sale
of such securities. The provision of the Services by Moelis to the Company as set forth herein or the entry into this
agreement by Moelis with the Company shall not restrict or prevent Moelis from acting as a financial advisor, placement agent
or investment banker to any other party, including without limitation, (i) to a party that is the counterparty in an initial
business combination contemplated or to be consummated by the Company or (ii) another special purpose acquisition company
evaluating the same or similar initial business combination as the Company .

 

     

     

    

 

5.                  
Moelis 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.

 

6.                  
This agreement and any disputes or claims that may arise out of this agreement shall be governed by and construed
in accordance with the internal laws of the State of New York, and this agreement embodies the entire agreement and supersedes
any prior written or oral agreement relating to the subject matter hereof, and may only be amended or waived in writing signed
by both the Company and us. If any part of this agreement is judicially determined to be unenforceable, it shall be interpreted
to the fullest extent enforceable so as to give the closest meaning to its intent and the remainder of this agreement shall continue
in full force and effect. Any proceeding arising out of this agreement shall be heard exclusively in a New York state or federal
court sitting in the city and county of New York, to whose jurisdiction and forum Moelis and the Company irrevocably submit. The
Company also irrevocably consents to the service of process in any such proceeding by mail to the Company’s address set forth
above. This agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which
shall constitute one and the same agreement. This agreement shall be binding upon the Company and us and its and our respective
successors and assigns. WE AND THE COMPANY (ON ITS OWN BEHALF AND, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ON BEHALF OF ITS
SECURITY HOLDERS) WAIVE ANY RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY PROCEEDING ARISING OUT OF THIS AGREEMENT.

 

(Signature page follows)

 

    2

     

    

 

	 	Very truly yours, 
	 	 
	 	ATLAS CREST INVESTMENT CORP. III
	 	 
	 	 
	 	By:	 
	 	 	Name:  Michael Spellacy
	 	 	Title:    Chief Executive Officer
	 	 
	 	MOELIS & COMPANY LLC
	 	 
	 	 
	 	By:	 
	 	 	Name:  Ken Moelis
	 	 	Title:    Chief Executive Officer

 

[Services Agreement Signature Page]

 

    3

     

    

 

ANNEX A

 

In the event that Moelis & Company
LLC or our affiliates or any of our or our affiliates’ respective current or former directors, officers, partners, managers,
agents, representatives or employees (including any person controlling us or any of our affiliates) (collectively, “Indemnified
Persons”) becomes involved in any capacity in any actual or threatened action, claim, suit, investigation or proceeding (an
 “Action”) arising out of, related to or in connection with this agreement or any matter referred to herein, the Company
will reimburse such Indemnified Person for the reasonable out-of-pocket costs and expenses (including counsel fees) of investigating,
preparing for and responding to such Action or enforcing this agreement, as they are incurred. The Company will also indemnify
and hold harmless any Indemnified Person from and against, and the Company agrees that no Indemnified Person shall have any liability
to the Company or its affiliates, or their respective owners, directors, officers, employees, security holders or creditors for,
any losses, claims, damages or liabilities (collectively, “Losses”) (A) related to or arising out of oral or written
statements or omissions made or information provided by the Company or its agents or (B) otherwise arising out of, related to or
in connection with this agreement or our performance thereof, except that this clause (B) shall not apply to Losses that are finally
judicially determined to have resulted primarily from the bad faith or gross negligence of such Indemnified Person.

 

If such indemnification or limitation on
liability are for any reason not available or insufficient to hold an Indemnified Person harmless, the Company agrees to contribute
to the Losses in such proportion as is appropriate to reflect the relative benefits received (or anticipated to be received) by
the Company, on the one hand, and by us, on the other hand, with respect to this agreement or, if such allocation is judicially
determined to be unavailable, in such proportion as is appropriate to reflect the relative benefits and relative fault of the Company
on the one hand and of us on the other hand, and any other equitable considerations; provided, however, that, to the extent permitted
by applicable law, in no event shall the Indemnified Persons be responsible for amounts that exceed the fees actually received
by us from the Company in connection with this agreement. Relative benefits to the Company, on the one hand, and us, on the other
hand, with respect to this agreement shall be deemed to be in the same proportion as (i) the total value paid or proposed to be
paid or received or proposed to be received by the Company or its security holders, as the case may be, pursuant to the Transaction(s),
whether or not consummated, bears to (ii) the fees actually received by us in connection with this agreement.

 

The Company will not, without our prior
written consent (not to be unreasonably withheld), settle, compromise, consent to the entry of any judgment in or otherwise seek
to terminate (a “Settlement”) any Action in respect of which indemnification is or may be sought hereunder (whether
or not an Indemnified Person is a party thereto) unless such Settlement includes a release of each Indemnified Person from any
Losses arising out of such Action. The Company will not permit any such Settlement to include a statement as to, or an admission
of, fault or culpability by or on behalf of an Indemnified Person without such Indemnified Person’s prior written consent.
No Indemnified Person seeking indemnification, reimbursement or contribution under this agreement will, without the Company’s
prior written consent (not to be unreasonably withheld), agree to the Settlement of any Action.

 

Prior to effecting any proposed sale, exchange,
dividend or other distribution or liquidation of all or substantially all of its assets or any significant recapitalization or
reclassification of its outstanding securities that does not explicitly or by operation of law provide for the assumption of the
obligations of the Company set forth herein, the Company will notify us in writing of its arrangements for the Company’s
obligations set forth herein to be assumed by another creditworthy party (for example through insurance, surety bonds or the creation
of an escrow) upon terms and conditions reasonably satisfactory to the Company and us.

 

    4Exhibit 4.5

 

March 4, 2021

 

DEEPGREEN METALS INC.

 

WARRANT TO PURCHASE COMMON SHARES

 

For value received, DeepGreen
Metals Inc., a privately held, company existing under the laws of British Columbia (the “Company”), hereby certifies
that Allseas Group S.A. (“Holder”), is the registered holder of warrants (the “Warrants”)
to subscribe for and purchase a number of fully paid common shares (“Common Shares”) of the Company equal to
(x) 10,000,000 times (y) the Adjustment Factor, as calculated below (as such number of shares, but not the Adjustment Factor, may be adjusted
pursuant to Section 3 hereof, the “Warrant Shares”), at a purchase price of $0.01 per share (as adjusted pursuant
to Section 3 hereof, the “Purchase Price”), at any time after the occurrence of the Vesting Event after the
completion of the Business Combination (as such terms are defined below) and before 5:00 p.m., Eastern Time, on September 30, 2026 (the
“Expiration Date”), subject to the provisions and upon the terms and conditions hereinafter set forth. As used
in this Warrant, the term “Business Day” means any day other than a Saturday, Sunday or a day on which commercial
banks located in New York, New York are not open for the general transaction of business. If the Vesting Event shall occur on or prior
to September 30, 2023, then the Adjustment Factor shall be 1.00. If the Vesting Event shall occur after September 30, 2023, and before
September 30, 2025, then the Adjustment Factor shall be calculated as follows:

 

[1 – [ 0.5 x [the number of days between the Vesting
Event and September 30, 2023] / 730 ] ]

 

If the Vesting Even occurs
between September 30, 2025 and the Expiration Date, the Adjustment Factor shall be 0.5.

 

Section 1. Exercise.

 

(a) Method of Exercise; Payment; Issuance of New Warrant.

 

(i) Subject to the
provisions hereof, the Holder may exercise this Warrant, in whole or in part and from time to time after the occurrence of the Vesting
Event, by the surrender of this Warrant (with the Notice of Exercise attached hereto as Appendix A duly executed) at the
principal office of the Company, or such other office or agency of the Company as it may reasonably designate by written notice to the
Holder, during normal business hours on any Business Day, and the payment by the Holder by cash, certified check payable to the Company
or wire transfer of immediately available funds to an account designated to the exercising Holder by the Company of an amount equal to
the then applicable Purchase Price multiplied by the number of Warrant Shares then being purchased. On the date on which the Holder shall
have satisfied in full the Holder’s obligations set forth herein regarding an exercise of this Warrant (provided that such date
is on or prior to the Expiration Date), the Holder shall be treated for all purposes as the holder of record of such Warrant Shares as
of the close of business on such date.

 

(ii) In the event
of any exercise of the rights represented by this Warrant, unless this Warrant has been fully exercised, a new Warrant representing the
whole number of Warrant Shares, if any, with respect to which this Warrant shall not then have been exercised shall be issued to the Holder
as soon as reasonably practicable thereafter after such exercise.

 

     

     

    

 

Section 2. Stock Fully
Paid. All Warrant Shares issued upon exercise of this Warrant shall be, at the time of delivery of the certificates for such Warrant
Shares upon payment in full of the Purchase Price therefor in accordance with the terms of this Warrant, duly authorized, validly issued
and fully paid Common Shares of the Company as adjusted pursuant to Section 3 hereof.

 

Section 3. Certain Adjustments
and Distributions. The number and kind of securities purchasable upon the exercise of this Warrant shall be subject to adjustment
from time to time upon the occurrence of certain events, as follows:

 

(a) Subdivision, Consolidation,
Reclassification or Change in Warrant Shares. In the event of any consolidation, reclassification or change of the Warrant Shares
into a lesser number of the same or different class or classes of stock, the number of Warrant Shares deliverable upon exercise of this
Warrant shall be proportionally decreased, the class or classes of such Warrant Shares shall be appropriately adjusted and the Purchase
Price for such Warrant Shares shall be proportionately increased. In the event of any subdivision, reclassification or change of the Warrant
Shares into a greater number of the same or different class or classes of stock, the number of Warrant Shares deliverable upon exercise
of this Warrant shall be proportionally increased, the class or classes of such Warrant Shares shall be appropriately adjusted and the
Purchase Price for such Warrant Shares shall be proportionately reduced.

 

(b) Reorganizations.
If there shall occur any capital reorganization of the Common Shares (excluding mergers and consolidations covered under Section 3(c),
excluding the Business Combination and any transaction related thereto and excluding a subdivision, combination or reclassification),
then, as part of any such reorganization, lawful provision shall be made so that the Holder shall have the right thereafter to receive
upon the exercise of this Warrant the kind and amount of shares of stock or other securities or property which such Holder would have
been entitled to receive if, immediately prior to any such reorganization, such Holder had held the number of Common Shares which were
then purchasable upon the exercise of this Warrant. In any such case, appropriate adjustment (as reasonably determined by the Board of
Directors of the Company) shall be made in the application of the provisions set forth herein with respect to the rights and interests
thereafter of the Holder such that the provisions set forth in this Section 3 (including provisions with respect to adjustment of the
Purchase Price) shall thereafter be applicable, as nearly as is reasonably practicable, in relation to any shares of stock or other securities
or property thereafter deliverable upon the exercise of this Warrant.

 

(c) Amalgamation, Consolidation
or Sale of Assets; Business Combination. If there shall be an amalgamation, merger, arrangement or reorganization of the Company with
or into another corporation (other than an amalgamation, merger, arrangement or reorganization involving only a change in the jurisdiction
of incorporation of the Company), or the sale of all or substantially all of the Company’s capital stock or assets to any other
person, then as a part of such transaction, provision shall be made so that the Holder shall thereafter be entitled to receive upon exercise
of this Warrant (in lieu of Common Shares of the Company) the number of shares of stock or other securities or property of the Company,
or of the successor corporation resulting from the amalgamation, merger, reorganization or sale, to which the Holder would have been entitled
if the Holder had exercised its rights pursuant to this Warrant immediately prior thereto. In any such case, appropriate adjustment shall
be made in the application of the provisions of this Section 3 to the end that the provisions of this Section 3 shall be applicable after
that event in as nearly equivalent a manner as may be practicable. For the avoidance of doubt, and notwithstanding anything to the contrary
in this Warrant or otherwise, this Section 3(c) shall not apply to the Business Combination (as defined below) or any transaction in connection
therewith. Upon the closing of the transactions contemplated by that certain Business Combination Agreement (the “BCA”)
entered into by and among the Company, Sustainable Opportunities Acquisition Corp., a Cayman Islands exempted company, as may be renamed
at the closing of the transactions pursuant to the BCA (“SOAC”), 1291924 B.C. Unlimited Liability Company, a
company existing under the laws of British Columbia, Canada (such transactions, the “Business Combination”),
this Warrant shall be assumed by SOAC in all respects, and thereafter any reference to the “Company” herein shall be deemed
a reference to SOAC and any reference to “Common Shares” herein shall be deemed a reference to the common shares of SOAC.
Upon completion of the Business Combination, the number of common shares of SOAC into which this Warrant may be exercised shall be calculated
by multiplying (i) the maximum number of Warrant Shares into which this Warrant is then exercisable pursuant to the terms hereof by (ii)
the Per Share Consideration (as defined in the BCA), rounded down to the nearest whole share.

 

    	 	2	 

     

    

 

(d) Certificate of Adjustment.
When any adjustment is required to be made in the Purchase Price (other than the adjustment arising from the completion of the Business
Combination and assumption of this Warrant by SOAC), other than the adjustment arising from the completion of the Business Combination
and assumption of this Warrant by SOAC, the Company shall promptly mail to the Holder a certificate setting forth the Purchase Price after
such adjustment and setting forth a brief statement of the facts requiring such adjustment. Such certificate shall also set forth the
kind and amount of stock or other securities or property into which this Warrant shall be exercisable following the occurrence of any
of the events specified in this Section 3.

 

Section 4. Notices.
Unless otherwise specifically provided herein, all communications under this Warrant shall be in writing and shall be deemed to have been
duly given (a) on the date personally delivered to the party to whom notice is to be given, (b) on the day of transmission if sent by
facsimile or email with confirmation of receipt, (c) on the Business Day after delivery to Federal Express or similar overnight courier
which utilizes a written form of receipt, or (d) on the fifth day after mailing, if mailed to the party to whom notice is to be given,
by first class mail, registered or certified, postage prepaid, and properly addressed, return receipt requested, to each such Holder at
its address as shown on the books of the Company or to the Company at the address indicated therefor on the signature page of this Warrant.
Any party hereto may change its address for purposes of this Section 4 by giving the other party written notice of the new address in
the manner set forth herein.

 

Section 5. Mutilated or
Missing Warrants. In case this Warrant shall be mutilated, lost, stolen, or destroyed, the Company shall issue in exchange and substitution
of and upon cancellation of the mutilated Warrant, or in lieu of and substitution for the Warrant lost, stolen or destroyed, a new Warrant
of like tenor and for the purchase of a like number of Warrant Shares, but only upon receipt of evidence reasonably satisfactory to the
Company of such loss, theft or destruction of the Warrant, and with respect to a lost, stolen or destroyed Warrant, reasonable indemnity
or bond with respect thereto, if requested by the Company.

 

Section 6. Rights as Shareholder;
Information. Except as expressly provided in this Warrant, the Holder, in its capacity as a holder of this Warrant, shall not be entitled
to vote or receive dividends or be deemed the holder of Common Shares or any other securities of the Company which may at any time be
issuable on the exercise hereof for any purpose, nor shall anything contained herein be construed to confer upon the Holder, in its capacity
as a holder of this Warrant, any of the rights of a shareholder of the Company or any right to vote for the election of the directors
or upon any matter submitted to shareholders at any meeting thereof, or to receive dividends or subscription rights or otherwise, until
this Warrant shall have been exercised and the Warrant Shares purchasable upon the exercise hereof shall have become deliverable, as provided
herein.

 

    	 	3	 

     

    

 

Section 7. Vesting; Termination.
This Warrant (and the right to purchase securities upon exercise hereof) shall vest and be exercisable only upon (and not
at any time before) the occurrence of Successful Completion, as defined in that certain Pilot Mining Test Agreement dated July 8, 2019
(as amended by Change Order Number 1, and amended again by Amendment Number 2 dated February 20, 2020 and again by Amendment Number 3
dated as of March 4, 2021, and as otherwise amended) (the "Vesting Event"). This Warrant and all rights hereunder
shall automatically terminate upon the Expiration Date. For the avoidance of doubt, prior to the occurrence of a Successful Completion,
the Holder shall have no rights of any kind to require or demand the right to exercise this Warrant in any way or any part and no Warrant
Shares shall be issued, notwithstanding any event or circumstance.

 

Section 8. Modification
and Waiver. This Warrant and any provision hereof may be amended, changed, waived, discharged or terminated only by an instrument
in writing signed by the Company and the then Holder.

 

Section 9. Descriptive
Headings. The descriptive headings contained in this Warrant are inserted for convenience only and do not constitute a part of this
Warrant.

 

Section 10. Governing Law.
The validity, interpretation and performance of this Warrant shall be governed by, and construed in accordance with, the laws of British
Columbia (without giving effect to its principles of conflict of laws), and the parties hereby irrevocably attorn to the exclusive jurisdiction
of the Courts of the Province of British Columbia in the City of Vancouver which shall have exclusive jurisdiction in case of any conflict
or dispute arising under this Warrant.

 

Section 11. Severability.
If any provision of this Warrant is held to be unenforceable under applicable law, then (i) such provision shall be excluded from this
Warrant, (ii) the balance of this Warrant shall be interpreted as if such provision were so excluded and (iii) the balance of this Warrant
shall be enforceable in accordance with its terms.

 

Section 12. Acceptance.
Receipt of this Warrant by the Holder hereof shall constitute acceptance of and agreement to the foregoing terms and conditions.

 

Section 13. Assignment.
Without the prior written consent of the Company, the Warrant shall not be assigned, pledged, or hypothecated by the Holder, and shall
not be subject to execution, attachment or similar process. Any attempted transfer, assignment, pledge, hypothecation or other disposition
of the Warrant or of any rights granted hereunder contrary to the provisions of this Section 13, or the levy of any attachment or similar
process upon the Warrant or such rights, shall be null and void. The terms and conditions of this Warrant shall inure to the benefit of
and be binding upon the respective successors and assigns of the parties.

 

Section 14. Time.
Only for the purposes of Section 1(a) of this Warrant and all matters relating to the Expiration Date, time is of the essence
hereof.

 

[Remainder of Page Intentionally Left Blank]

 

    	 	4	 

     

    

 

IN WITNESS WHEREOF, the Company has caused this
Warrant to be executed on its behalf by one of its officers thereunto duly authorized.

 

	 	DEEPGREEN METALS INC.
	 	 	 
	 	By:	/s/ Gerard Barron
	 	Name: 	Gerard Barron
	 	Title: 	Chief Executive Officer
	 	 	 
	 	Address: 	
	 	 	Apt 403, Fortunato Building West, JVC Dubai

 

     

     

    

 

APPENDIX A

Notice of Exercise

 

To: [________]

 

1. The undersigned hereby irrevocably elects to purchase___________
Common Shares of DeepGreen Metals Inc. (the “Company”) pursuant to the terms of the attached Warrant, and tenders herewith
payment of the Purchase Price of such shares in full, by cash, certified check/wire transfer/surrender of the originally executed Warrant.
Defined terms shall have the meanings ascribed thereto in the Warrant.

 

	Date:	 	 
	 	 	 
	By:	 	 
	 	 	 
	Name: 	 	 
	 	 	 
	Its:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00325-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00325-of-00352.parquet"}]]