Document:

bmog-ex108_9.htm

Exhibit 10.8

 

BLACK MOUNTAIN ACQUISITION CORP.

425 Houston Street, Suite 400

Fort Worth, TX 76102

 

[         ], 2021

 

Black Mountain Sponsor LLC

425 Houston Street, Suite 400

Fort Worth, TX 76102

 

	
Re:
	
Administrative Services Agreement

 

Gentlemen:

 

This letter agreement by and between Black Mountain Acquisition Corp. (the “Company”) and Black Mountain Sponsor 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 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)       Sponsor shall make available to the Company, at 425 Houston Street, Suite 400, Fort Worth, TX 76102 (or any successor location of Sponsor), certain office space, utilities, secretarial support and administrative services as may be reasonably required by the Company. In exchange therefor, the Company shall pay Sponsor the sum of $10,000 per month beginning 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.

 

[Signature Page Follows]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2

 

	
Very truly yours,

	
 
	
 
	
 

	
BLACK MOUNTAIN ACQUISITION CORP.

	
 
	
 
	
 

	
By:
	
 
	
 

	
Name:
	
 
	
Rhett Bennett

	
Title:
	
 
	
Chief Executive Officer

 

	
AGREED TO ACCEPTED BY:

	
 

	
BLACK MOUNTAIN SPONSOR LLC

	
 
	
 
	
 

	
By:
	
 
	
 

	
Name:
	
 
	
Rhett Bennett

	
Title:
	
 
	
Chief Executive Officer

 

Signature Page to Administrative Services AgreementEX-4.1

 Exhibit 4.1 
  

 
 NNNNNNNNN NNNNNN NNNNNN NNNNNNNNNNNN XXX.XXXXXX 1 2 3 4 5 6 7 8 123456789 XXXX Subscription Rights 12345678 Primary Subscription
12345678901234 Rights MR A SAMPLE DESIGNATION (IF ANY) ADD 1 ADD 2 ADD 3 ADD 4 ADD 5 ADD 6 C 1234567890 J N T C L S C O Y C . + Signature of Owner and U.S. Person for Tax Certification Holder ID COY Class Rights Cert # Signature of Co-Owner (if more
than one registered holder listed) Date (mm/dd/yyyy) 03ILIB X R T 2 + Rights Qty Issued TO SUBSCRIBE FOR SHARES OF COMMON STOCK OF CAPITAL SENIOR LIVING CORPORATION (THE “COMPANY”) PLEASE COMPLETE THE INSTRUCTIONS BELOW, SIGN AND RETURN
THIS RIGHTS CERTIFICATE AND YOUR CHECK IN THE ENVELOPE PROVIDED. CAPITAL SENIOR LIVING CORPORATION SUBSCRIPTION RIGHTS FOR SHARES OF COMMON STOCK VOID IF NOT RECEIVED BY THE SUBSCRIPTION AGENT BEFORE 5:00 P.M. NEW YORK CITY TIME ON OCTOBER 18, 2021,
UNLESS EXTENDED BY THE COMPANY (THE “EXPIRATION DATE”). The Company has distributed to each holder of its common stock owned as of record (each an “Eligible Holder”) at 5:00 P.M. New York City Time on September 10, 2021 (the
“Record Date”), at no charge, one nontransferable right, for each share of common stock held as of the Record Date, to purchase one share of common stock of the Company at $32.00 per share (the “Rights”). Each Right entitles an
Eligible Holder who fully exercises its basic subscription privilege to subscribe, prior to the Expiration Date, for additional shares of common stock of the Company at an exercise price of $32.00 per share to the extent that any shares are not
purchased by other Eligible Holders under their basic subscription privilege as of the Expiration Date (the “Oversubscription Privilege”). If an Eligible Holder attempts to exercise its Oversubscription Privilege and the Company is unable
to issue the holder the full amount of shares of Common Stock requested, the Subscription Agent will return to the holder any excess amount, in the manner in which made, without interest or deduction as soon as practicable after the Expiration Date.
The terms and conditions of the Rights offering are set forth in the Company’s Base Prospectus dated May 6, 2020 (the “Base Prospectus”) and the Prospectus Supplement, dated September 10, 2021 (the “Prospectus Supplement and,
together with the Base Prospectus, the “Prospectus”), which is incorporated into this Rights Certificate by reference. Capitalized terms used but not defined herein have the meanings set forth in the Prospectus. The owner of this
certificate is entitled to the number of basic Rights, and is entitled to exercise the basic Rights for the number of shares, shown on this Rights Certificate. All Rights not exercised prior to the Expiration Date shall be null and void. THE RIGHTS
ARE NON-TRANSFERABLE The Rights are non-transferable. The Rights will not be listed on any securities exchange or quoted on any automated quotation system. The Company’s shares of Common Stock issuable upon the exercise of the Rights are
expected to be listed on NYSE under the symbol “CSU”. EXERCISE PRICE The exercise price for the Rights and the Oversubscription Privilege is $32.00 per share. Rights may only be exercised for whole numbers of shares of Common Stock; no
fractional shares of Common Stock will be issued. Fractional rights (if any) will be rounded up to the nearest whole number. METHOD OF EXERCISE OF RIGHTS IN ORDER TO EXERCISE YOUR RIGHTS, YOU MUST PROPERLY COMPLETE AND SIGN THIS RIGHTS CERTIFICATE
ON THE BACK AND RETURN IT IN THE ENVELOPE PROVIDED TO COMPUTERSHARE TRUST COMPANY, N.A., TOGETHER WITH PAYMENT IN FULL FOR AN AMOUNT EQUAL TO THE APPLICABLE EXERCISE PRICE MULTIPLIED BY THE TOTAL NUMBER OF SHARES OF COMMON STOCK THAT YOU ARE
REQUESTING TO PURCHASE TO THE RIGHTS AGENT, COMPUTERSHARE TRUST COMPANY, N.A., BEFORE 5:00 P.M. NEW YORK CITY TIME ON OCTOBER 18, 2021, UNLESS EXTENDED BY THE COMPANY. Capital Senior Living Corporation Computershare Trust Company, N.A. 250 Royall
Street Canton Massachusetts 02021 For questions call the Information Agent Georgeson LLC at (866) 216-0462 RIGHTS CERTIFICATE 

 

 
 PLEASE PRINT ALL INFORMATION CLEARLY AND LEGIBLY SECTION 1: OFFERING INSTRUCTIONS (check the appropriate boxes) IF YOU WISH TO SUBSCRIBE
FOR YOUR FULL ENTITLEMENT OF SUBSCRIPTION RIGHTS: I apply for ALL of my entitlement of new shares $ pursuant to the basic subscription EXAMPLE: If you own 1,000 shares of common stock, your basic right permits the purchase of 1,000 shares at $32.00
per share. (no. of subscription rights) (no. of additional shares) (no. of new shares) x 1 = x $32.00 = (per share) x $32.00 = (per share) $ $ Amount of check or money order enclosed $ IF YOU DO NOT WISH TO APPLY FOR YOUR FULL ENTITLEMENT OF
SUBSCRIPTION RIGHTS: In addition, I apply for additional shares pursuant to the Oversubscription Privilege* IF YOU DO NOT WISH TO EXERCISE YOUR RIGHT TO SUBSCRIBE: Please disregard this mailing. SECTION 2: SUBSCRIPTION AUTHORIZATION: I acknowledge
that I have received the Prospectus for this offering of Subscription Rights and I hereby subscribe for the number of shares indicated above on the terms and conditions specified in the Prospectus relating to the basic subscription and the
Oversubscription Privilege in the Subscription Rights offering. Signature of Subscriber(s) (and address if different than that listed on this Subscription Certificate) Telephone number (including area code) * You can only participate in the
Oversubscription Privilege if you have subscribed for your full entitlement of new shares pursuant to the basic subscription. I apply for . FOR A MORE COMPLETE DESCRIPTION OF THE TERMS AND CONDITIONS OF THE RIGHTS OFFERING, PLEASE REFER TO THE
PROSPECTUS, WHICH IS INCORPORATED HEREIN BY REFERENCE. COPIES OF THE PROSPECTUS ARE AVAILABLE UPON REQUEST FROM THE INFORMATION AGENT, GEORGESON LLC AT (866) 216-0462 (TOLL-FREE) EXERCISABLE ON OR BEFORE 5:00 P.M. NEW YORK CITY TIME ON OCTOBER 18,
2021, UNLESS EXTENDED BY THE COMPANY. Full payment of the exercise price for each share of common stock you wish to purchase be must be made in U.S. dollars by (1) certified check drawn upon a U.S. bank payable to the Rights Agent, or (2)
cashier’s check drawn upon a U.S. bank or express money order payable to the Subscription Agent, in each case in accordance with the Prospectus. Notwithstanding the foregoing, Eligible Holders who hold shares as a depository or nominee must
make all payments by wire transfer of immediately available funds to the account maintained by the Subscription Agent. Payments of the exercise price for the common stock will be held in an escrow account until the later of five business days after
the satisfaction or waiver of the conditions to the rights offering or the Expiration Date, unless the Company withdraws or terminates the rights offering. No interest will be paid to you on the funds you deposit with the Subscription Agent. You
will not receive any interest on the payments held by the Subscription Agent before your shares have been issued to you or your payment is returned to you, without interest, because your exercise has not been satisfied for any reason. Please
complete all applicable information and return to: COMPUTERSHARE TRUST COMPANY, N.A. DELIVERY OF THIS SUBSCRIPTION CERTIFICATE TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE DOES NOT CONSTITUTE A VALID DELIVERY. Any questions regarding this Rights
Certificate and Rights Offering may be directed to the Information Agent – Georgeson LLC at (866) 216-0462 (Toll Free) By First Class Mail: Computershare Trust Company, N.A., Corporate Actions Voluntary Offer, P.O. Box 43011, Providence, RI
02940-3011 By Express Mail or Overnight Delivery: Computershare Trust Company, N.A., Corporate Actions Voluntary Offer, 250 Royall Street, Suite V, Canton, MA 02021 x $32.00 = (no. of new shares) (per share)

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