Document:

Exhibit
10.8

 

[COMPANY
LETTERHEAD]

 

[DATE]

 

Peel
Acquisition Company II, LLC

59 Maiden Lane, 43rd Floor

New York, NY 10038

 

		Re:	Administrative
Services Agreement

 

Ladies
and Gentlemen:

 

This
letter agreement by and between [COMPANY], a Delaware corporation (the “Company”) and Peel Acquisition
Company II, LLC, a Delaware limited liability corporation (the “Services Provider”), dated as of the
date hereof, will confirm our agreement that, commencing on the date that securities of the Company are first listed on the Nasdaq
Stock Market LLC (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 Registration Statement
on Form S-1 (File No. 333-[•]) 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 to the Company,
    at the address of the Services Provider referred to above (or any successor location or other existing office locations of
    the Services Provider or any of its affiliates), office space and administrative and support services as may be reasonably
    requested by the Company. In exchange therefor, the Company shall pay to the Services Provider, on the first day of each month,
    the sum of $[•] 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 whatsoever (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 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.

 

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 all 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, 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.

 

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 the laws of the State of New York.

 

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,
	 	 
	 	[COMPANY]
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature
Page to Administrative Services Agreement]

 

     

     

    

 

 

	AGREED
    TO AND ACCEPTED BY:	 
	 	 
	PEEL
    ACQUISITION COMPANY II, LLC	 
	 	 
	By:	 	 
	 	Name:	 
	 	Title:EX-4.1

 Exhibit 4.1 

NUMBER UNITS 
 U- 
 SEE REVERSE FOR CERTAIN DEFINITIONS 

CUSIP [●] 
 TWIST
INVESTMENT CORPORATION 
 UNITS CONSISTING OF ONE SHARE OF CLASS A COMMON STOCK AND ONE-THIRD
OF ONE 
 REDEEMABLE WARRANT TO PURCHASE ONE SHARE OF CLASS A COMMON STOCK 

THIS CERTIFIES THAT is the owner of Units. 
 Each Unit
(“Unit”) consists of one (1) share of Class A common stock, par value $0.0001 per share (“Common Stock”), of Twist Investment Corporation, a Delaware corporation (the
“Company”), and one-third (1/3) of one redeemable warrant (each whole warrant, a “Warrant”). Only whole Warrants are exercisable. Each whole Warrant entitles the
holder to purchase one (1) share (subject to adjustment) of Common Stock for $11.50 per share (subject to adjustment). Each Warrant will become exercisable on the later of (i) thirty (30) days after the Company’s completion of a
merger, capital stock exchange, asset acquisition, stock 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 “Expiration Date”). The Common Stock and Warrants comprising the Units represented by this certificate will begin separate trading on [●], 2021, unless Deutsche Bank
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 its initial public offering and issuing a press release announcing when such earlier 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, between the Company and American Stock Transfer & Trust Company LLC, 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. 
 Upon the consummation of the Business Combination, the Units represented by this
certificate will automatically separate into shares of Common Stock and Warrants comprising such Units. 
 This certificate is not valid unless
countersigned by the Transfer Agent and Registrar of the Company. 
 This certificate shall be governed by and construed in accordance with the internal
laws of the State of New York. 
 Witness the facsimile signature of its duly authorized officers. 

 

			
	  
 Secretary
	  	  
 Chief Financial
Officer

 TWIST INVESTMENT CORPORATION 

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 stock 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	  	  

	TEN ENT	  	–  	  	as tenants by the entireties	  		  	  
 (Cust)
	  		  	  
 (Minor)

						
	JT TEN	  	–  	  	 as joint tenants with
 right of
survivorship
 and not as tenants in
 common
	  		  		  	under Uniform Gifts to Minors Act
		  		  		  		  	  

(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
(OR ANY SUCCESSOR RULE).

  
 In each case, as more fully described in the
Company’s final prospectus dated [●], 2021, 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 its initial public offering only in the event that (i) the Company redeems the shares of Common Stock sold in its initial public offering and liquidates because it does not consummate an initial Business Combination by the date set forth
in the Company’s amended and restated certificate of incorporation, (ii) the Company redeems the shares of Common Stock sold in its initial public offering in connection with a stockholder vote to amend the Company’s amended and
restated certificate of incorporation (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the Company’s initial Business Combination or to redeem 100% of the Common Stock if it does
not consummate an initial Business 

 
Combination by the date set forth in the Company’s amended and restated certificate of incorporation or (B) with respect to any other provision relating to the rights of holders of the
Common stock or pre-initial Business Combination activity or (iii) if the holder(s) seek(s) to redeem for cash his, her or its respective shares of Common Stock in connection with a tender offer (or proxy
solicitation, solely in the event the Company seeks stockholder approval of the proposed initial Business Combination) setting forth the details of a proposed initial Business Combination. 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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