Document:

EX-10.8

 Exhibit 10.8 

COLONNADE ACQUISITION CORP. 

1400 Centrepark Blvd, Ste 810 
 West
Palm Beach, FL 33401 
 [•], 2020 

Colonnade Sponsor LLC 
 1400 Centrepark Blvd, Ste 810 

West Palm Beach, FL 33401 
 Re: Administrative Services
Agreement 
 Ladies and Gentlemen: 
 This
letter agreement (this “Agreement”) by and between Colonnade Acquisition Corp. (the “Company”) and Colonnade Sponsor LLC (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 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”): 

1. The Sponsor shall make available, or cause to be made available, to the Company, at 1400 Centrepark Blvd, Ste 810, West Palm Beach, FL 33401
(or any successor location), office space and secretarial and administrative services as may be reasonably required by the Company. In exchange therefor, the Company shall pay the Sponsor $10,000 per month on the Listing Date and continuing monthly
thereafter until the Termination Date; and 
 2. The 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 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 as a result of, or arising out of, this 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. 

This 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 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 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 Agreement shall be governed by and construed in accordance with the laws of the State of New York for agreements made and to be wholly
performed within such state, without regards to the conflicts of laws principles thereof. 
 [Signature Page Follows] 

 
			
	Very truly yours,
	
	COLONNADE ACQUISITION CORP.
		
	By:	 	  

		 	Name: Remy W. Trafelet
		 	Title: Chief Executive Officer

  

			
	AGREED AND ACCEPTED BY:
	
	COLONNADE SPONSOR LLC
		
	By:	 	  

		 	Name: Joseph S. Sambuco
		 	Title: Manager

 [Signature Page to Administrative Services Agreement]Exhibit 10.2 

AMENDMENT NO. 1 TO THE

INVESTORS’ RIGHTS AGREEMENT

 

This Amendment No. 1 (this
“Amendment”) to the Investors’ Rights Agreement, dated as of July 30, 2020, by and among Eros International
Plc, an Isle of Man public company limited by shares (the “Company”), and the Investors party thereto (the “Original
Agreement”) is made as of July 30, 2020 by and among the Company and the undersigned Investors (the “Required
Investors”). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in
the Original Agreement.

BACKGROUND

WHEREAS, the Company and
the Investors desire to amend certain terms and conditions of the Original Agreement in accordance with Section 7.5(a) of the Original
Agreement as set forth herein.

NOW, THEREFORE, in consideration
of the premises set forth above, the covenants and agreements hereinafter set forth, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Company and the Required Investors hereby amend the Original
Agreement as follows:

AGREEMENT

1.                 
Amendment to Section 1.1 of the Original Agreement.

(a)               
Section 1.1 of the Original Agreement is hereby amended by inserting the following new definition thereto in the
appropriate alphabetical order:

““Adjusted EBITDA”
means net income before interest expense, income tax expense and depreciation and amortization (excluding amortization of capitalized
film content and debt issuance costs), adjusted for (i) gain/impairment of available-for-sale financial assets, (ii) profit/loss
on held for trading liabilities (including profit/loss on derivative financial instruments), (iii) transactions costs relating
to equity transactions, (iv) share based payments, (v) loss/gain on sale of property and equipment, (vi) loss on de-recognition
of financial assets measured at amortized cost (on a net basis), (vii) credit impairment loss (on a net basis), (viii) loss on
financial liability (convertible notes) measured at fair value through profit and loss, (ix) loss on deconsolidation of a subsidiary
and (x) exceptional items such as impairment of goodwill, trademark, film and content rights and content advances.”

2.                 
Amendments to Section 3.1 of the Original Agreement.

(a)               
Section 3.1(d) of the Original Agreement is hereby amended and restated in its entirety as follows:

    

     

    

“(d)Committees. For so long
as the Hony Investor has the right to nominate Hony Nominees pursuant to Section 3.1(a), the Company shall take all Necessary
Action to appoint (i) two (2) Hony Nominees (at least one of whom must be an Independent Director) to each of the Audit Committee
and Nominating Committee, and the number of Directors serving on either such committee shall be four (4) without the prior approval
of the Hony Investor and (ii) two (2) Hony Nominees to the Remuneration Committee, and the number of Directors serving on
such committee shall not exceed four (4) without the prior approval of the Hony Investor.”

(b)              
Section 3.1(e) of the Original Agreement is hereby amended and restated in its entirety as follows:

“[Reserved.]”

3.                 
Amendments to Section 3.2 of the Original Agreement.

(a)               
Section 3.2(d) of the Original Agreement is hereby amended and restated in its entirety as follows:

“(d)Committees. For so long
as the Eros Founder Group has the right to nominate Eros Nominees pursuant to Section 3.2(a), the Company shall take all
Necessary Action to appoint (i) two (2) Eros Nominees (at least one of whom must be an Independent Director) to each of the
Audit Committee and Nominating Committee, and the number of Directors serving on either such committee shall not exceed four (4)
without the prior approval of the Eros Founder Group and (ii) two (2) Eros Nominees to the Remuneration Committee, and the
number of Directors serving on such committee shall not exceed four (4) without the prior approval of the Eros Founder Group.”

(b)              
Section 3.2(e) of the Original Agreement is hereby amended by deleting clauses (iv) and (v) in their entirety.

4.                 
Amendment to Section 3.3 of the Original Agreement.

(a)               
Section 3.3(a) of the Original Agreement is hereby amended by replacing the third sentence thereof with the following:

“In the event of a tie vote on any matter
before the Audit Committee or Nominating Committee the Company shall take all Necessary Action so that the Independent Director(s)
then serving on such committee, if any, shall be entitled to cast a tie-breaking vote.”

(b)              
Section 3.3(a) of the Original Agreement is hereby amended by deleting clause (iii) in its entirety and replacing
such clause (iii) with the following:

“(iii)The Remuneration Committee
shall initially consist of Shailesh Rao, Dhirendra Swarup, Dilip Thakkar and John Zhao.”

    2 

     

    

5.                 
 Amendment to Article III of the Original Agreement.

(a)               
Article III of the Original Agreement is hereby amended by inserting the following new Section 3.5 thereto as follows:

“Section 3.5Actions Requiring
Board Approval. From the Effective Time until the earliest of (x) the third (3rd) anniversary of the Effective
Time, (y) the first such time after the Settlement Date that the Hony Investor ceases to beneficially own (giving effect to
the CVRs) 50% of its Effective Time Equity or (z) the first such time that the Eros Founder Group ceases to beneficially own
50% of its Effective Time Equity, the following actions by the Company or any of its Subsidiaries shall require the approval of
at least two-thirds (2/3) of the Directors of the Board:

(i)       Hiring
or terminating the chief executive officer, chief financial officer or president (including any co-president) of the Company.

(ii)       Adopting
the annual business plan (including operating budget) of the Company and its Subsidiaries.

(iii)       entering
into any agreement increasing the Company’s available debt for borrowed money to an amount greater than the greater of (i)
$552 million and (ii) an amount that would cause the net debt to be greater than five (5) times Adjusted EBITDA of the Company
for the most recent four (4) consecutive fiscal quarters for which financial statements are available (giving pro forma effect
to the borrowing and the use of proceeds of such borrowing).”

6.                 
Affirmation. This Amendment is to be read and construed with the Original Agreement as constituting one and
the same agreement. Except as specifically modified by this Amendment, all remaining provisions, terms and conditions of the Original
Agreement shall remain in full force and effect in accordance with their terms.

7.                 
Defined Terms. All terms not herein defined shall have the meanings ascribed to them in the Original Agreement.

8.                 
Severability. If any portion of this Amendment shall be declared void or unenforceable by any court or administrative
body of competent jurisdiction, then, so long as no party is deprived of the benefits of this Amendment in any material respect,
such portion shall be deemed severable from the remainder of this Amendment, which shall continue in all respects valid and enforceable.

9.                 
Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed
an original, but all of which together shall constitute a single instrument. Copies of executed counterparts transmitted by telecopy
or other electronic transmission service shall be considered original executed counterparts for purposes of this Section 5.

    3 

     

    

10.             
 Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the Isle
of Man applicable to contracts entered into and performed entirely within the Isle of Man.

11.             
Effectiveness. This Amendment shall become effective as of the date hereof.

[SIGNATURE PAGE FOLLOWS]

    4 

     

    

IN WITNESS WHEREOF, each of the undersigned has
executed and delivered this Amendment as a deed or caused this Amendment to be executed and delivered as a deed on its behalf as
of the date first written above.

	
        EXECUTED and DELIVERED as a deed by EROS INTERNATIONAL
        PLC acting by:

         

         

         

         
	
        )

        )

        )
	
         

         

        /s/ Noah Fogelson                    

	 	
         

        Director/Authorised Signatory

         

	 

 

[Signature Page to Amendment No. 1 to the Investors’
Rights Agreement]

    

     

    
 

By: CDS International Limited, its sole director

	EXECUTED and DELIVERED as a deed by EROS VENTURES LIMITED acting by:	
        )

        )

        )
	
         

         

        /s/ Joel Smith ____________

	 	
        Name: Joel Smith

        Title: Authorized Signatory

	
        )

        )

        )
	/s/ Simon Kleis        ____________
	 	
        Name: Simon Kleis

        Title: Authorized Signatory

 

[Signature Page to Amendment No. 1 to the Investors’
Rights Agreement]

    

     

    

 

 

	EXECUTED and DELIVERED as a deed by BEECH INVESTMENTS LIMITED acting by:	
        )

        )

        )
	
         

         

        /s/ Joel Smith ____________

	 	
        Name: Joel Smith

        Title: Director

	
        )

        )

        )
	/s/ Simon Kleis  ____________
	 	
        Name: Simon Kleis

        Title: Director

 

[Signature Page to Amendment No. 1 to the Investors’
Rights Agreement]

    

     

    

 

 

	
        SIGNED and DELIVERED as a DEED by KISHORE
        LULLA in the presence of:

         

         

        /s/ Swaneet Singh
	
        )

        )

        )
	
         

         

        /s/ Kishore Lulla

	Kishore Lulla
	Witness signature

Name: SWANEET SINGH

Address: [Address]

Occupation: Executive

 

 

[Signature Page to Amendment No. 1 to the Investors’
Rights Agreement]

    

     

    

 

	
        SIGNED and DELIVERED as a DEED by RISHIKA
        LULLA SINGH in the presence of:

         

         

        /s/ Swaneet Singh
	
        )

        )

        )
	
         

         

        /s/ Rishika Lulla Singh

	Rishika Lulla Singh
	Witness signature

Name: Swaneet Singh

Address: [Address]

Occupation: Executive

 

[Signature Page to Amendment No. 1 to the Investors’
Rights Agreement]

    

     

    

 

	
        SIGNED and DELIVERED as a DEED by SUNIL LULLA
        in the presence of:

         

         

        /s/ K. Arand Sharkar
	
        )

        )

        )
	
         

         

        /s/ Sunil Lulla 

	Sunil Lulla
	Witness signature

Name: K. Arand Sharkar

Address: [Address]

Occupation: Service

 

[Signature Page to Amendment No. 1 to the Investors’
Rights Agreement]

    

     

    

 

	
        SIGNED and DELIVERED as a DEED by RIDHIMA
        LULLA in the presence of:

         

         

        /s/ Swaneet Singh
	
        )

        )

        )
	
         

         

        /s/ Ridhima Lulla

	Ridhima Lulla
	Witness signature

Name: SWANEET SINGH

Address: [Address]

 

Occupation: Executive

 

  

[Signature Page to Amendment No. 1 to the Investors’
Rights Agreement]

    

     

    

 

	EXECUTED and DELIVERED as a deed by TPG GROWTH IV OSCARS, L.P. acting by its general partner TPG Growth GenPar IV, L.P. itself acting by its general partner TPG Growth GenPar IV Advisors, LLC acting by:	
        )

        )

        )
	
         

         

        /s/ David Mossé

	 	Vice President
	 

 

[Signature Page to Amendment No. 1 to the Investors’
Rights Agreement]

    

     

    

 

	
        EXECUTED and DELIVERED as a deed by MARCO ALLIANCE
        LIMITED acting by:

         

         

         
	
        )

        )

        )

         

         

        )

        )

        )
	
         

         

        /s/ Yuan Bing 

	
        Director

         

         

         

        /s/ Rong Zhang 

Witness Name: Rong Zhang

Address: [Address]

 

[Signature Page to Amendment No. 1 to the Investors’
Rights Agreement]

    

     

    

 

	
        EXECUTED and DELIVERED as a deed by BLACK FISH BLUE
        FISH, LLC acting by:

         

         

         
	
        )

        )

        )

         

         

        )

        )

        )
	
         

         

        /s/ Derek Arend 

	
        President

         

         

         

        /s/ Nicole Truebenbach 

Vice President

 

 

[Signature Page to Amendment No. 1 to the Investors’
Rights Agreement]

    

     

    
 

	EXECUTED and DELIVERED as a deed by PCCW MEDIA LIMITED acting by:	
        )

        )

        )
	
         

         

        /s/ LEE Hoi Yee, Janice________

	 	Director
	
        )

        )

        )
	____________________________
	 	Director/Secretary

 

[Signature Page to Amendment No. 1 to the Investors’
Rights Agreement]

    

     

    

 

	EXECUTED and DELIVERED as a deed by PTOLEMY CAPITAL, LLC acting by:	
        )

        )

        )
	
         

         

        /s/ Mitchell Otolski_______________

	 	Agent
	 	 
	 	 

 

[Signature Page to Amendment No. 1 to the Investors’
Rights Agreement]

    

     

    

 

	
        SIGNED and DELIVERED as a DEED by Andrew Warren
        in the presence of:

         

         

        /s/ Noah Fogelson 
	
        )

        )

        )
	
         

         

        /s/ Andrew Warren 

	 
	Witness signature

Name: Noah Fogelson

 

Address: [Address]

Occupation: EVP / GC

 

[Signature Page to Amendment No. 1 to the Investors’
Rights Agreement]

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