Document:

EX-10.8

 Exhibit 10.8 

C5 ACQUISITION CORPORATION 

1701 Pennsylvania Ave, NW 

Washington, D.C. 20006 

May 27, 2021 
 C5 SPONSOR LLC 

1701 Pennsylvania Ave, NW 
 Washington, D.C. 20006 

 

	 	Re:	 Administrative Services Agreement 

Ladies and Gentlemen: 
 This letter agreement is entered into by
and between C5 Acquisition Corporation (the “Company”), and C5 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 $35,000 per month, commencing on the Listing Date and continuing monthly
thereafter until the Termination Date; and 
 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. 

(a) 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.

(b) 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. 

(c) 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.

(d) 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. 

(e) 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. 

  
 2 

 Miscellaneous. 

(a) 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. 

(b) 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. 
 (c) 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. 

(d) 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. 
 (e) 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]

  
 3 

 
			
	 Very truly yours,

	
	 C5 ACQUISITION CORPORATION

		
	 By:
	 	/s/ Robert Meyerson
		 	Name: Robert Meyerson
		 	Title:   Chief Executive Officer

  

	
	 AGREED TO AND ACCEPTED BY:

	
	 C5 SPONSOR LLC

	
	 By:   C5 Capital USA LLC,

its Manager

  

			
	 By:
	 	/s/ Zulfe Ali
		 	Name: Zulfe Ali
		 	 Title:   Manager

  
 [Signature Page to
Administrative Services Agreement]Exhibit 4.1

	 	 
	NUMBER	UNITS
	U-	 

 

SEE REVERSE FOR CERTAIN DEFINITIONS

 

CUSIP [·]

 

APX ACQUISITION CORP. I

 

UNITS CONSISTING OF ONE CLASS A ORDINARY SHARE
AND ONE-HALF OF ONE REDEEMABLE WARRANT,

 

EACH WHOLE WARRANT ENTITLING THE HOLDER TO PURCHASE
ONE CLASS A ORDINARY SHARE

 

THIS CERTIFIES THAT            is
the owner of               Units of APx Acquisition Corp. I, a Cayman
Islands exempted company (the “Company”), transferrable on the books of the Company in person or by duly authorized
attorney upon surrender of this certificate properly endorsed.

 

Each Unit (“Unit”)
consists of one (1) Class A ordinary share of the Company, par value $0.0001 per share (“Ordinary Share”), and
one-half of one redeemable warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase
one Ordinary Share (subject to adjustment) for $11.50 per share (subject to adjustment). Only whole Warrants are exercisable. Each Warrant
will become exercisable on the later of (i) thirty (30) days after the Company’s completion of a merger, share exchange, asset acquisition,
share purchase, reorganization or other similar business combination with one or more businesses (each a    “Business Combination”),
and (ii) twelve (12) months from the closing of the Company’s initial public offering, and will expire unless exercised before 5:00
p.m., New York City Time, on the date that is five (5) years after the date on which the Company completes its initial Business Combination,
or earlier upon redemption or liquidation. The Ordinary Shares and Warrants comprising the Units represented by this certificate are not
transferable separately prior to , 2021, unless BofA Securities, Inc. elects to allow separate trading earlier, subject to the Company’s
filing of a Current Report on Form 8-K with the Securities and Exchange Commission containing an audited balance sheet reflecting the
Company’s receipt of the gross proceeds of the Company’s initial public offering and issuing a press release announcing when
separate trading will begin. No fractional Warrants will be issued upon separation of the Units. The terms of the Warrants are governed
by a Warrant Agreement, dated as of        , 2021 (the “Warrant Agreement”), between the Company and Continental
Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and provisions contained therein, all of which terms
and provisions the holder of this certificate consents to by acceptance hereof. Copies of the Warrant Agreement are on file at the office
of the Warrant Agent at 1 State Street, 30th Floor, New York, New York 10004, and are available to any Warrant holder on written request
and without cost.

 

This certificate is not valid unless
countersigned by the Transfer Agent and registered by the Registrar of the Company.

 

This certificate shall be governed by
and construed in accordance with the laws of the State of New York.

 

Witness the facsimile signature
of a duly authorized signatory of the Company.

 

	 	 
	 	Authorized Signatory

	 	 
	 	Transfer Agent

     

     

    

APx Acquisition Corp. I

 

The Company will furnish without
charge to each unitholder who so requests, a statement of the powers, designations, preferences and relative, participating, optional
or other special rights of each class of equity or series thereof of the Company and the qualifications, limitations, or restrictions
of such preferences and/or rights.

 

The following abbreviations,
when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to
applicable laws or regulations:

 

	TEN COM	— 	as tenants in common	 	UNIF GIFT MIN ACT	— 	___________ Custodian ___________
	 	 	 	 	 	 	      (Cust)                               (Minor)
	TEN ENT	—	as tenants by the entireties	 	 	 	 
	 	 	 	 	 	 	Under Uniform Gifts to Minors Act
	JT TEN	—	as joint tenants with right of survivorship and not as tenants in common	 	 	 	
    _____________________________

    

    (State)

     

Additional abbreviations may also be used though
not in the above list.

 

For value received,             
hereby sell, assign and transfer unto

 

(PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING
NUMBER OF ASSIGNEE)

 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING
ZIP CODE, OF ASSIGNEE)

 

            
     Units represented by the within certificate, and do hereby irrevocably constitute and appoint

 

 Attorney to transfer the said Units on the books of
the within named Company with full power of substitution in the premises.

 

Dated 

 

	 	 	 
	 	Notice: 	The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.

	Signature(s) Guaranteed:	 
	 	 
	 	 
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (OR ANY SUCCESSOR RULE)).	 

     

     

    

As more fully described in,
and subject to the terms and conditions described in, the Company’s final prospectus for its initial public offering dated            
the holder(s) of this certificate shall be entitled to receive a pro-rata portion of certain funds held in the trust account established
in connection with the Company’s initial public offering in the event that (i) the Company redeems the Ordinary Shares sold in its
initial public offering and liquidates because it does not consummate an initial Business Combination within the time period set forth
in the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time, or (ii)
if the holder(s) properly redeem for cash his, her or its respective Ordinary Shares included in the Units represented by this certificate
in connection with (x) a tender offer (or proxy solicitation, solely in the event the Company seeks shareholder approval of the proposed
initial Business Combination) setting forth the details of a proposed initial Business Combination or (y) a shareholder vote to amend
the Company’s Amended and Restated Memorandum and Articles of Association (A) to modify the substance or timing of the Company’s
obligation to allow redemption in connection with our initial business combination or to redeem 100% of the Ordinary Shares if it does
not consummate an initial Business Combination within the time set forth in the Company’s Amended and Restated Memorandum and Articles
of Association or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial Business Combination
activity, as the same may be amended from time to time. In no other circumstances shall the holder(s) have any right or interest of any
kind in or to the trust account.

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