Document:

EX-10.8

 Exhibit 10.8 

KNIGHTSWAN ACQUISITION CORPORATION 

99 Wall Street, Suite #460 

New York, NY 10005 

December 1, 2021 
 KNIGHTSWAN SPONSOR LLC

 c/o KnightSwan Acquisition Corporation 
 99 Wall Street,
Suite #460 
 New York, NY 10005 
 Re:
Administrative Services Agreement 
 Ladies and Gentlemen: 

This letter agreement is entered into by and between KnightSwan Acquisition Corporation (the “Company”), and KnightSwan Sponsor LLC
(the “Services Provider”) on the date first set forth above. 
 Services. 

This letter confirms the parties’ agreement that, commencing on the date that securities of the Company are first listed in connection with the
Company’s initial public offering (the “Listing Date”) 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 Company’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission (such earlier date hereinafter referred to as the “Termination Date”): 

 

	 	1.	 The Services Provider (and/or any of its affiliates designated by the Services Provider) shall make available,
or cause to be made available, to the Company, office space, managerial, due diligence, corporate development support, financial management services, and secretarial and administrative services as may be reasonably requested by the Company. In
exchange therefor, the Company shall pay to the Services Provider the sum of $20,000 per month, commencing on the Listing Date and continuing monthly thereafter until the Termination Date, with such sum including approximately $13,750 per month
payable to the Company’s chief financial officer (the “Chief Financial Officer”). The Company will also provide the Services Provider with reimbursements, payable no later than three business days following the Listing
Date, for administrative and other out-of-pocket expenses incurred by the Services Provider prior to the Listing Date, including the approximately $13,750 per month
payable to the Chief Financial Officer. 

	 	2.	 The Services Provider hereby irrevocably waives any and all right, title, interest, causes of action and claims
of any kind or nature 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 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
presently has or may have in the future as a result of, or arising out of, this letter 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. 

Exculpation and Indemnification. 
  

	 	3.	 None of the Services Provider or any of its members, managers, officers, directors, employees, agents, advisors
or other representatives or affiliates (such persons, “Protected Persons”) shall be liable to the Company for (i) any action taken, or failure to act, with respect to the services provided under this letter agreement
unless and only to the extent that such action taken or failure to act constitutes fraud, willful misconduct, gross negligence, bad faith or a material breach of this letter agreement by such Protected Person, in each case as determined by a court
of competent jurisdiction in a final non-appealable judgment, or (ii) the action or inaction of any agent, contractor or consultant selected by any of them with reasonable care. 

 

	 	4.	 To the maximum extent not prohibited by applicable law, the Company shall indemnify each Protected Person from
and against any and all claims, losses, liabilities, proceedings (whether civil, criminal, administrative or investigative and whether such action, suit or proceeding is brought or initiated by the Company or a third party), damages, costs or
expenses (including attorneys’ fees, judgments and expenses in connection therewith and amounts paid in defense and settlement thereof) (collectively, “Liabilities”), to which any Protected Person may directly or
indirectly become subject, in connection with the services provided under this letter agreement; except to the extent that such Protected Person committed fraud, acted in bad faith, engaged in willful misconduct, was grossly negligent or
materially breached this letter agreement, in each case, as determined by a court of competent jurisdiction in a final non-appealable judgment. 

 

	 	5.	 The provisions of this section shall continue to afford protection to each Protected Person regardless of
whether such Protected Person remains in the position or capacity pursuant to which such Protected Person became entitled to exculpation and/or indemnification, respectively, under this section and regardless of any subsequent amendment to this
letter agreement; provided, that no such amendment shall reduce or restrict the extent to which these exculpation and indemnification provisions apply to actions taken or omissions made prior to the date of such
amendment.

  
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	 	6.	 The rights of indemnification provided in this letter agreement shall be in addition to any rights to which a
Protected Person may otherwise be entitled by contract or as a matter of law, and shall extend to each of such Protected Person’s heirs, successors and assigns. 

 

	 	7.	 Notwithstanding anything herein to the contrary, the provisions of this section shall not be construed so as to
provide for the exculpation or indemnification of any Protected Person for any liability (including liability under U.S. federal securities laws which, under certain circumstances, impose liability even on persons that act in good faith), claims,
damages or losses to the extent (but only to the extent) that such liability, claims, damages or losses may not be waived, modified or limited under applicable law, but shall be construed so as to effectuate the provisions of this section to the
fullest extent permitted by law. 

 Miscellaneous. 
  

	 	8.	 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.

  

	 	9.	 This letter agreement may not be amended, modified or waived as to any particular provision, except by a
written instrument executed by all parties hereto. 

  

	 	10.	 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; provided that the Services Provider may assign this letter agreement or any of its rights, interests or obligations hereunder to an affiliate without the prior written approval
of the Company. 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. 

 

	 	11.	 This letter agreement constitutes the entire relationship of the parties hereto with respect to the subject
matter described herein and any litigation between the parties (whether grounded in contract, tort, statute, law or equity) shall be governed by and construed in accordance with, and interpreted pursuant to, the laws of the State of New York,
without giving effect to any choice of law principles. 

  

	 	12.	 This letter 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 letter agreement. 

 [Signature
page follows] 

  
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	Very truly yours,
	
	 KNIGHTSWAN ACQUISITION

CORPORATION

		
	By:	 	 /s/ Brandee Daly

		 	Name:     Brandee Daly
		 	Title:       CEO

 AGREED TO AND ACCEPTED BY: 

KNIGHTSWAN SPONSOR LLC 
  

					
	By:	 	 /s/ Brandee Daly

		 	Name:     Brandee Daly
		 	Title:       CEO

  
 [Signature Page to
Administrative Services Agreement]Document

Exhibit 10.1
AMENDMENT TO CONSULTING AGREEMENT
    This AMENDMENT TO CONSULTING AGREEMENT (the “Amendment”) is entered into as of December 21, 2021 by and between NACCO Industries, Inc. (the “Company”) and Alfred M. Rankin, Jr. (“Consultant”).
WITNESSETH:
WHEREAS, the Company currently engages Consultant pursuant to the terms and conditions of the Consulting Agreement dated October 1, 2017 (the “Consulting Agreement”);
WHEREAS, Consultant has specialized expertise and knowledge regarding the mining industry, played a lead role and contributed significantly to the development and execution of the Company’s prior successful diversification strategies, and has significant experience in large scale strategic corporate transformation programs; 
WHEREAS, Consultant will continue to serve as the Chairman of the Board of Directors of the Company and the Company also wishes to retain the services of Consultant to provide support to the executive management team of the Company, including the President and Chief Executive Officer; 
WHEREAS, the Consulting Agreement was amended effective December 15, 2020 to change the term of the agreement from October 1 -September 30 to January 1 to December 31; and
WHEREAS, the Company and Consultant desire to amend the Consulting Agreement to modify the consulting fees set forth therein, as provided in greater detail below.
NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto memorialize their understanding and agree as follows:
AGREEMENT
1.    Compensation. Section 3(a) of the Consulting Agreement is hereby amended and restated in its entirety to read as follows:
3.    Consulting Fees. For consulting services rendered under this Agreement, the Company shall pay Consultant a monthly consulting fee of $20,833.33. Such amount shall be paid to Consultant, in arrears, in the form of a single lump sum payment within ten (10) business days following the end of each calendar month during the Term.
*        *        *

Remainder of page intentionally blank 

    EXECUTED on the dates indicated below.

NACCO INDUSTRIES, INC.

Date: December 21, 2021            By: /s/ J.C. Butler
                        Printed Name:    J.C. Butler            
                        Title: President & CEO Of NACCO Industries 

Date: December 21, 2021            ALFRED M. RANKIN, JR.

                        By: /s/ Alfred M. Rankin, Jr. 

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