Document:

Exhibit 10.4

 

Data Knights Acquisition Corp.

Trident Court, 1 Oakcroft Road

Chessington, Surrey KT9 1BD

United Kingdom

 

May 6, 2021

 

Ladies and Gentlemen:

 

Data Knights Acquisition Corp.
(the “Company”), a blank check company formed for the purpose of acquiring one or more businesses or entities (a “Business
Combination”), intends to register its securities under the Securities Act of 1933, as amended (“Securities Act”), in
connection with its initial public offering (“IPO”), pursuant to a registration statement on Form S-1 (“Registration
Statement”).

 

The undersigned hereby commits
that it will purchase 525,275 units of the Company (“Private Units”), each Private Unit consisting of one share of Class A
common stock of the Company, par value $0.0001 per share (the “Class A Common Stock”), and one warrant (the “Warrants”)
entitling its holder to purchase one (1) share of Class A Common Stock, for a purchase price of $5,252,750 (the “Private Unit Purchase
Price”).

 

The undersigned hereby agrees
that it will purchase an additional amount of units of the Company (“Over-Allotment Units”), up to a maximum of 60,000 Over-Allotment
Units, or a maximum purchase price of $600,000 (“Over-Allotment Unit Purchase Price”, together with the Private Unit Purchase
Price, the “Purchase Price”), in the event Kingswood Capital Markets, division of Benchmark Investments, Inc. (“Kingswood”)
exercises its over-allotment option, such that the amount held in the trust account (as described in the Registration Statement) does
not fall below $10.20 per share for each share of Class A Common Stock sold in the IPO.

 

At least twenty-four (24) hours
prior to the effective date of the Registration Statement, the undersigned will cause the Private Unit Purchase Price to be delivered
to Nelson Mullins Riley & Scarborough LLP (“Nelson Mullins”), counsel for the Company, by wire transfer as set forth in
the instructions attached as Exhibit A to hold in a non-interest bearing account until the Company consummates the IPO.

 

The consummation of the purchase
and issuance of the Private Units shall occur simultaneously with the consummation of the IPO and the consummation of the purchase and
issuance of the Over-Allotment Units shall occur simultaneously with the closing of any exercise of the over-allotment option related
to the IPO. Simultaneously with the consummation of the IPO, Nelson Mullins shall deposit the Private Unit Purchase Price, without interest
or deduction, into the trust fund (“Trust Fund”) established by the Company for the benefit of the Company’s public
shareholders as described in the Registration Statement. If the Company does not complete the IPO within ten (10) days from the date of
this letter, the Private Unit Purchase Price (without interest or deduction) will be returned to the undersigned.

 

Each of the Company, and the
undersigned acknowledges and agrees that Nelson Mullins is serving hereunder solely as a convenience to the parties to facilitate the
purchase of the Private Units and Nelson Mullins’s sole obligation under this letter agreement is to act with respect to holding
and disbursing the Private Unit Purchase Price as described above. Nelson Mullins shall not be liable to the Company, Kingswood or the
undersigned or any other person or entity in respect of any act or failure to act hereunder or otherwise in connection with performing
its services hereunder unless Nelson Mullins has acted in a manner constituting gross negligence or willful misconduct. The Company and
the undersigned shall indemnify Nelson Mullins against any claim made against it (including reasonable attorney’s fees) by reason
of it acting or failing to act in connection with this letter agreement except as a result of its gross negligence or willful misconduct.
Nelson Mullins may rely and shall be protected in acting or refraining from acting upon any written notice, instruction or request furnished
to it hereunder and believed by it to be genuine and to have been signed or presented by the proper party or parties.

 

     

     

    

 

The Private Units and Over-Allotment
Units will be identical to the units to be sold by the Company in the IPO. Additionally, the undersigned agrees:

 

		·	to vote the shares of Class A Common Stock included in the Private Units and Over-Allotment Units in favor
of any proposed Business Combination;

 

		·	not to propose, or vote in favor of, an amendment to the Company’s Amended and Restated Certificate
of Incorporation that would affect the substance or timing of the Company’s obligation to redeem 100% of the Company’s shares
of Class A Common Stock sold in the IPO if the Company does not complete an initial Business Combination within 12 months from the closing
of the IPO (or up to 18 months from the closing of the IPO if the Company extends the period of time to consummate an initial Business
Combination as described in more detail in the prospectus included in the Registration Statement), unless the Company provides the holders
of shares of Class A Common Stock sold in the IPO with the opportunity to redeem their shares of Class A Common Stock upon approval of
any such amendment at a per-share price, payable in cash, equal to the aggregate amount of the Trust Fund, including interest earned on
Trust Fund and not previously released to the Company to pay the Company’s franchise and income taxes, divided by the number of
then outstanding shares of Class A Common Stock sold in the IPO;

 

		·	not to convert any shares of Class A Common Stock included in the Private Units and Over-Allotment Units
into the right to receive cash from the Trust Fund in connection with a shareholder vote to approve either a Business Combination or an
amendment to the provisions of the Company’s Amended and Restated Certificate of Incorporation, and not to tender the Private Units
and Over-Allotment Units in connection with a tender offer conducted prior to the closing of a Business Combination;

 

		·	the undersigned will not participate in any liquidation distribution with respect to the Private Units
and Over-Allotment Units (but will participate in liquidation distributions with respect to any units or shares of Class A Common Stock
purchased by the undersigned in the IPO or in the open market) if the Company fails to consummate a Business Combination;

 

		·	that the Private Units, Over-Allotment Units and underlying securities will not be transferable until
after the consummation of a Business Combination except (i) to the Company’s pre-IPO shareholders, or to the Company’s officers,
directors, advisors and employees, (ii) transfers to the undersigned’s affiliates or its members upon its liquidation, (iii) to
relatives and trusts for estate planning purposes, (iv) by virtue of the laws of descent and distribution upon death, (v) pursuant to
a qualified domestic relations order, (vi) by private sales made in connection with the consummation of a Business Combination at prices
no greater than the price at which the Private Units were originally purchased or (vii) to the Company for cancellation in connection
with the consummation of a Business Combination, in each case (except for clause vii) where the transferee agrees to the terms of the
transfer restrictions; and

 

		·	the Private Units and Over-Allotment Units will include any additional terms or restrictions as is customary
in other similarly structured blank check company offerings or as may be reasonably required by the underwriters in the IPO in order to
consummate the IPO, each of which will be set forth in the Registration Statement.

 

The undersigned acknowledges
and agrees that the purchaser of the Private Units and Over-Allotment Units will execute agreements in form and substance typical for
transactions of this nature necessary to effectuate the foregoing agreements and obligations prior to the consummation of the IPO as are
reasonably acceptable to the undersigned, including but not limited to an insider letter.

 

The undersigned hereby represents
and warrants that:

 

		(a)	it has been advised that the Private Units and Over-Allotment Units have not been registered under the
Securities Act;

 

     

     

    

 

		(b)	it will be acquiring the Private Units and Over-Allotment Units for its account for investment purposes
only;

 

		(c)	it has no present intention of selling or otherwise disposing of the Private Units and Over-Allotment
Units in violation of the securities laws of the United States;

 

		(d)	it is an “accredited investor” as defined by Rule 501 of Regulation D promulgated under the
Securities Act of 1933, as amended;

 

		(e)	it has had both the opportunity to ask questions and receive answers from the officers and directors of
the Company and all persons acting on its behalf concerning the terms and conditions of the offer made hereunder;

 

		(f)	it is familiar with the proposed business, management, financial condition and affairs of the Company;

 

		(g)	it has full power, authority and legal capacity to execute and deliver this letter and any documents contemplated
herein or needed to consummate the transactions contemplated in this letter; and

 

		(h)	this letter constitutes its legal, valid and binding obligation, and is enforceable against it.

  

This letter agreement constitutes the entire
agreement between the undersigned and the Company with respect to the purchase of the Private Units and Over-Allotment Units, and supersedes
all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral, with respect to the same.

 

	 	Very truly yours,
	 	 	 
	 	Data Knights, LLC
	 	 	 
	 	 	 
	 	By: 	 /s/ Barry Anderson
	 	Name:  Barry Anderson
	 	Title:   Chief Executive Officer

 

Accepted and Agreed:

 

DATA KNIGHTS ACQUISITION CORP.

  

	By:	 /s/ Barry Anderson	 
	 	Name: Barry Anderson	 
	 	Title:   Chief Executive Officer	 

 

     

     

    

 

 

 

Exhibit A

 

Wire Instructions

 

 

Bank Name: [__]

Bank Address: [__]

Account Name: [__]

Account Number: [__]

Routing/ABA Number: [__]Exhibit 10.6

 

Data Knights Acquisition Corp.

 

May 7, 2021

 

ARC Group Limited

 

 

Re: Administrative
Support Agreement

 

Ladies and Gentlemen:

 

This letter agreement by and
between Data Knights Acquisition Corp. (the “Company”) and ARC Group Limited (“ARC”), 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 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) ARC shall make available,
or cause to be made available, to the Company, or any successor location of ARC, certain office space, utilities and secretarial and administrative
support as may be reasonably required by the Company. In exchange therefor, the Company shall pay ARC the sum of $10,000 per month on
the Listing Date and continuing monthly thereafter until the Termination Date; and

 

(ii) ARC 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.

 

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 law principles.

 

[Signature Page Follows]

 

 

     

     

    

 

 

	 	Very truly yours,
	 	 
	 	DATA KNIGHTS ACQUISITION CORP.
	 	 	 
	 	By:	 /s/ Barry Anderson
	 	 	Name:	 Barry Anderson
	 	 	Title:	Chief Executive Officer

 

AGREED TO AND ACCEPTED BY:

 

ARC Group Limited

 

	By:	/s/ Carlos Lopez 	 
	 	Name: Carlos Lopez	 
	 	Title:   Managing Partner	 

 

 

[Signature Page to Administrative Support
Agreement]

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