ExcelFin Acquisition Corp. San Francisco, CA 94111
Exhibit 10.11
000 Xxxxxxx Xx., Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
March 29, 2022
Fin Venture Capital
000 Xxxxxxx Xx., Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Re: Financial Services Agreement
Ladies and Gentlemen:
On October 20, 2021, ExcelFin Acquisition Corp., a Delaware corporation (the “Company”), and Fin Venture Capital (the “Services Provider”), entered into a letter agreement (the “Financial Services Agreement”) providing that the Service Provider shall provide certain services to the Company until the Termination Date (as defined therein). By this letter, the Company and the Services Provider hereby agree that:
1.The Termination Date shall be amended to be the earlier of the consummation by the Company of an initial business combination (as described in the Registration Statement on Form S-1 (File No. 333-260038) filed with the Securities and Exchange Commission) and December 31, 2022 (such earlier date hereinafter referred to as the “Termination Date”); and
2.The last sentence in the Paragraph 1 is hereby amended to read: “In exchange therefor, the Company shall pay the Services Provider the sum of $112,500 per quarter commencing on March 15, 2021 and continuing quarterly thereafter until the Termination Date; and”
Except as set forth herein, the Financial Services Agreement shall not be amended and shall remain in full force and effect.
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.
| Very truly yours, | ||
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| By: | /s/ Xxx Xxxxx | |
| | Name: | Xxx Xxxxx |
| | Title: | Chief Financial Officer |
AGREED TO AND ACCEPTED BY: | |||
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FIN VENTURE CAPITAL | |||
| | ||
By: | /s/ Xxxxx Xxxxx | | |
| Name: | Xxxxx Xxxxx | |
| Title: | Chief Executive Officer | |
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