Mutual Termination Agreement
Exhibit 10.1
Effective Date: August 31st, 2024 (“Termination Effective Date”)
This Mutual Termination Agreement is entered into by and between:
| i: | DoubleDown Interactive Co., Ltd., a corporation organized and existing under the laws of the Republic of Korea (“DDI-K”) and: |
| ii: | DoubleDown Interactive LLC, a limited liability company organized and existing under the laws of the State of Washington (“DDI-US”) |
Collectively, as the “Parties.”
Reference is made to the Game Development Agreement dated November 9th, 2023 between DDI-K and DDI-US (the “Agreement”).
The Parties have now mutually agreed to terminate the Agreement as of the Termination Effective Date.
Service Fee Payments (as defined in the Agreement) shall be settled within forty-five (45) days from the date of execution of this Mutual Termination Agreement.
IN WITNESS WHEREOF, Parties have executed this Mutual Termination Agreement as of the following date.
October 4, 2024
| DOUBLEDOWN INTERACTIVE CO., LTD. | ||
| By: | /s/ In Xxxx Xxx | |
| Name: In Xxxx Xxx | ||
| Title: Chief Executive Officer | ||
| DOUBLEDOWN INTERACTIVE LLC | ||
| By: | /s/ Xxxxxx Xxxxxxx | |
| Name: Xxxxxx Xxxxxxx | ||
| Title: Chief Finance Officer | ||
