1. Console into the switch
2. Reboot the switch
3. As the switch is booting, spam CTL+L - you'll land in the boot loader CLI
4. Tell the switch to stop at the switch(boot)# prompt.
cmdline recoverymode=1
5. Boot into NXOS
boot nxos.7.0.3.I7.3.bin
6. Once loaded, change into the configure terminal and set the admin password
conf t
admin-password ************
7. Exit the terminal and finish loading NXOS - the switch will reload
exit
load-nxos
8. Login as admin with the password you just set