Document:

Exhibit
10.8

 

TENX
KEANE ACQUISITION

No.
99, Tiangu 7th Road

Yanta
District

Xi’an
City, Shanxi Province,

China
71000

 

[__],
2021

 

10XYZ
Holdings LP.

No.
99, Tiangu 7th Road

Yanta
District

Xi’an
City, Shanxi Province,

China
71000

 

Re:
Administrative Services Agreement

 

Ladies
and Gentlemen:

 

This
letter agreement by and between TenX Kean Acquisition (the “Company”) and 10XYZ Holdings LP. (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 NASDAQ Capital Market (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)
10XYZ Holdings LP, the Company’s sponsor, shall make available, or cause to be made available, to the Company, at No. 99, Tiangu
7th Road, Yanta District, Xi’an City, Shanxi Province, China 71000 (or any successor location of 10XYZ Holdings LP),
office space and administrative and support services. In exchange therefor, the Company shall pay the Sponsor the sum of $10,000
per month on the Listing Date and continuing monthly thereafter until the Termination Date; and

 

(ii) 10
XYZ Holdings LP 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 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, 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 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]

 

	Very
    truly yours,	 
	 	 
	TENX
    KEANE ACQUISITION	 
	 	 
	By:	 /s/
                                            Xiaofeng Yuan 
	 
	Name:
    	 Xiaofeng
    Yuan 	 
	Title:	 Chief
                                            Executive Officer and Chairman 

 

	AGREED
    TO AND ACCEPTED BY:	 
	 	 
	10XYZ
    HOLDINGS LP	 
	 	 	 
	By:	 /s/
    Taylor Zhang 	 
	Name:	Taylor
    Zhang	 
	Title:	 Manager 	 

 

[Signature
Page to Administrative Services Agreement]EX-10.1

 Exhibit 10.1 

AIDH TOPCO, LLC 
 2019
EQUITY INCENTIVE PLAN 
 ARTICLE I 

ESTABLISHMENT, DEFINITIONS AND PURPOSE 

1.1 Establishment. AIDH Topco, LLC, a Delaware limited liability company (the “Company”), hereby establishes the AIDH
Topco, LLC 2019 Equity Incentive Plan (the “Plan”). The Plan shall become effective as of September 13, 2019. 
 1.2
Definitions. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in that certain Amended and Restated Limited Liability Company Agreement of AIDH Topco, LLC, dated as of July 16, 2019 (as the
same may be further amended, restated, modified or otherwise supplemented from time-to-time, the “LLC Agreement”). 

1.3 Purpose. The Plan is intended to promote the long-term growth and profitability of the Company by providing employees, independent
directors and other service providers who are or will be involved in the Company’s growth and who provide services to or for the benefit of the Company with an opportunity to acquire an ownership interest in the Company, thereby encouraging
such persons to contribute to and participate in the success of the Company. Under the Plan, the Board of Managers (or a committee appointed by the Board of Managers to administer the Plan) (the “Board”) may grant awards (each, an
“Award”) of Class B Units (the “Class B Units”) to (i) employees, independent directors and/or other service providers of the Company and/or its Subsidiaries or (ii) AIDH
Management Holdings, LLC (“Management Holdco”) (items (i) and (ii) collectively, “Participants”). To the extent of any grants of Class B Units by the Company to Management Holdco as a Participant (an
“Underlying Award”), at the time of such grant, Management Holdco will grant Class B Units in Management Holdco (“Management Holdco Class B Units”) that correspond to Class B
Units to certain employees, independent directors and/or other service providers of the Company and/or its Subsidiaries under the AIDH Management Holdings, LLC 2019 Equity Incentive Plan (the “Management Holdco Plan”). 

ARTICLE II 
 AWARD POOL

 2.1 Award Pool. Up to 8,088,877.2291 Class B Units are reserved for issuance under the Plan in accordance with the terms
of the LLC Agreement. Any Class B Units that for any reason are cancelled, forfeited, or acquired by the Company (pursuant to a redemption or other right) for no consideration shall again be available for issuance under the Plan. 

 ARTICLE III 

ADMINISTRATION 
 3.1
Administration. The Board shall, subject to the provisions of this Plan and the LLC Agreement, have the power and authority to prescribe, amend and rescind rules and procedures governing the administration of the Plan, including, but not
limited to the full power and authority to (a) interpret the terms of the Plan, the terms of any Awards made under the Plan, and the rules and procedures established by the Board governing any such Awards, (b) determine the rights of any
person under the Plan, or the meaning of requirements imposed by the terms of the Plan or an Award, or any rule or procedure established by the Board, (c) select the Participants to whom Awards will be granted under the Plan, (d) establish
any vesting or other terms and conditions applicable to an Award, (e) impose such limitations, restrictions and conditions upon, or in connection with, such Awards as it shall deem appropriate, (f) adopt, amend, and rescind administrative
guidelines and other rules and regulations relating to the Plan, (g) correct any defect or omission or reconcile any inconsistency in the Plan, in any Grant Agreement (as defined in Section 4.2 herein) or between the
Plan, any Grant Agreement and/or the LLC Agreement and (h) make all other determinations and take all other actions necessary or advisable for the implementation and administration of the Plan and Awards, subject to the LLC Agreement and such
limitations as may be imposed by the Code or other applicable law. Each action of the Board (including each interpretation or other determination of the Board) taken in good faith with respect to the Plan or any Awards made under the Plan shall be
final, binding and conclusive on all persons, absent manifest error. 
 ARTICLE IV 

ELIGIBILITY AND GRANT AGREEMENTS 

4.1 Eligibility. Subject to the terms of the Plan and the LLC Agreement, (i) employees, independent directors and other service
providers of the Company and its Subsidiaries and (ii) Management Holdco, each shall be eligible to receive Awards under the Plan. 

4.2 Grant Agreement. 
 (a)
Awards granted under the Plan shall be evidenced by a written agreement executed by the Company and the Participant (the “Grant Agreement”). 

(b) Underlying Awards granted under the Plan shall be evidenced by a written agreement executed by the Company, the Participant and the
recipient of Management Holdco Class B Units (the “Management Holdco Grant Agreement”). 
 ARTICLE V 

ADJUSTMENTS 
 Except as
otherwise expressly provided in a Grant Agreement or the LLC Agreement, in the event that the Board determines in its good faith that any sale, recapitalization, reorganization, merger, consolidation or any other transaction or event affects the
Class B Units such that an adjustment is appropriate in order to prevent inappropriate dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, then the Board shall, in the manner and to the
extent that it deems appropriate, acting in good faith, adjust any or all of (i) the number of the Class B Units, other ownership interests or other securities of the Company (or number and kind of other securities or property) with
respect to which awards may be made under the Plan, (ii) the number of Class B Units, other ownership interests or other securities of the Company (or number and kind of other securities or property) subject to outstanding awards made
under the Plan, (iii) the Class B Unit Hurdle Amount or other distribution level that must be achieved prior to an Class B Unit being entitled to participate in distributions for the Company or (iv) the terms of any Class B
Units that are affected by the event, in each case in a manner the Board deems appropriate, acting in good faith, to prevent such inappropriate dilution or enlargement. 

  
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 ARTICLE VI 

GENERAL PROVISIONS 
 6.1
Amendment; Termination. The Board may modify, amend, suspend or terminate the Plan in whole or in part at any time; provided, however, that such modification, amendment, suspension or termination shall not, without a Participant’s
consent, adversely affect such Participant’s rights in respect of a previously-made Award, unless approved by a majority in interest of the Class B Unit holders. Nothing in the Plan or any Grant Agreement shall restrict the ability of the
Board to amend the LLC Agreement in accordance with its terms. 
 6.2 Section 83(b). 

(a) In the case of a grant of an Award to a Participant who is not Management Holdco, unless otherwise determined by the Board in its sole
discretion, each Participant who is granted an Award under the Plan shall be required to make a timely election under Section 83(b) of the Code with respect to the Class B Units subject to such Award, and the grant of such Award shall be
conditioned on the Participant timely making such election. 
 (b) In the case of a grant of an Underlying Award to Management Holdco, unless
otherwise determined by the Board in its sole discretion, Management Holdco (in respect of the Class B Units granted under this Plan) and the applicable employee, independent director and/or other service provider of the Company and/or its
Subsidiaries (in respect of the Management Holdco Class B Units granted under the Management Holdco Plan), in each case, shall be required to make a timely election under Section 83(b) of the Code with respect to the Class B Units and
Management Holdco Incentives Units, as applicable, and the grant of such Class B Units and Management Holdco Incentives Units, as applicable, shall be conditioned on timely making such election. 

6.3 Applicable Law. All questions concerning the construction, validity and interpretation of this Agreement shall be governed by the
internal law, and not the law of conflicts, of the State of Delaware. 
 6.4 Securities Laws. The Plan has been instituted by the
Company to provide certain compensatory incentives to Participants and is intended to qualify for an exemption from the registration requirements under the Securities Act and any other applicable state securities laws pursuant to Rule 701 under the
Securities Act or any other applicable exemption (collectively, the “Exemption”); however, the Company makes no representation or warranty that the Exemption applies to the Awards, and in no event shall the Board, the Company or any
Affiliate of the Company (or their employees, agents, officers, managers, managers, successors or assigns) be liable to any Participant (other than to effect rescission or similar rights that may arise under applicable securities laws) for any
failure to comply with such Exemption. The Company may impose any restrictions or terms on any Awards or Class B Units granted 

  
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pursuant to Awards, and may require Participants to make such representations, as the Company determines to be necessary to comply with the Exemption. To the extent permitted by applicable law,
the Plan and any Awards awarded hereunder shall be deemed amended to the extent necessary to conform to the Exemption and, to the extent approved by the Board, any other applicable laws, rules and regulations. 

6.5 Section 409A Compliance. It is the intention of the Company and the Board that Awards granted under the Plan not
be subject to the provisions of Section 409A of the Code. To the extent an Award granted under the Plan is determined to be subject to the provisions of Section 409A of the Code, it is intended that the terms of the LLC Agreement, the Plan
and the Grant Agreement applicable to such Award comply with Section 409A and they shall be interpreted in a manner consistent with such intent. Notwithstanding the foregoing, the Company makes no representation or warranty that the Awards will
not be subject to (or will comply with) Section 409A of the Code, and in no event shall the Board, the Company or any Affiliate of the Company (or their employees, agents, officers, directors, managers, successors or assigns) be liable to any
Participant for any failure to comply with Section 409A or an applicable exemption thereunder. 
 6.6 No Guarantees Regarding Tax
Treatment; No Tax Minimization Obligation. Neither the Board nor the Company make any guarantees to any person regarding the tax treatment of any Award or payments made with respect to any Award. Neither the Board nor the Company have any duty
or obligation to minimize the tax consequences of any Award, including, without limitation, tax consequences that may result from changes to applicable law and none of the Board, the Company, any Subsidiaries or Affiliates of the Company, or any of
their employees or representatives shall have any liability to any person with respect to such tax consequences. 
 6.7 Withholding. A
Participant may be required to pay to the Company, and the Company shall have the right and is hereby authorized to withhold from any payment due under any Award, the amount (in cash or, at the election of the Company, securities or other property)
of any applicable federal, state, local or foreign withholding taxes in respect of such payment and to take such other action as may be necessary in the good faith opinion of the Board to satisfy all obligations for the payment of withholding taxes.

 6.8 Severability. If any provision of the Plan or any award made hereunder is, becomes or is deemed to be invalid, illegal or
unenforceable in any jurisdiction or as to any Person or award, or would disqualify the Plan or any award under any law deemed applicable by the Board, such provision shall be construed or deemed amended to conform to the applicable laws, or if it
cannot be construed or deemed amended without, in the determination of the Board, materially altering the intent of the Plan or the award, such provision shall be stricken as to such jurisdiction, Person or award and the remainder of the Plan and
any such award shall remain in full force and effect. 
 6.9 No Service Contract. Nothing in the Plan or in any Grant Agreement
hereunder shall confer upon any Participant any right to continue in the employment or service of the Company or any of its Affiliates, or shall interfere with or restrict in any way the rights of the Company or any of its Affiliates, which rights
are hereby expressly reserved, to discharge any Participant at any time for any reason whatsoever, with or without Cause, except to the extent expressly provided otherwise in a written agreement between the Participant and the Company or any of its
Affiliates. 

  
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 6.10 Conflict between the Plan and the LLC Agreement. The Plan is subject to the LLC
Agreement. In the event of a conflict between any term or provision contained herein and a term or provision of the LLC Agreement, the applicable term and provision of the LLC Agreement will govern and prevail. 

*    *    *    *    * 

  
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