TKB CRITICAL TECHNOLOGIES 1
Exhibit 10.2
000 Xxxxxxxxxxx Xxxx, Xxxxx 000
El Segundo, CA 90245
June 26, 2023
Tartavull Xxxxx Xxxxxxxx Capital, LLC
000 Xxxxxxxxxxx Xxxxxxxxx, Xxxxx 000
El Segundo, California 90245
Re: | Termination of the Administrative Services Agreement |
Ladies and Gentlemen:
Reference is made to the Administrative Services Agreement by and between TKB Critical Technologies 1 (the “Company”) and Tartavull Xxxxx Xxxxxxxx Capital, LLC (“TKB Capital”), dated October 26, 2021 (the “Services Agreement”). The Company wishes to terminate the Services Agreement effective as of the date hereof. By signing below, parties have agreed that the Services Agreement shall be of no further force or effect as of or after the date hereof.
In consideration of the terms of this letter and other valuable consideration, TKB Capital agrees to forgive and fully discharge all fees that are outstanding under the Services Agreement as of the date hereof.
[signature page follows]
Very truly yours, | ||
TKB CRITICAL TECHNOLOGIES 1 | ||
By: | /s/ Xxxxxx Xxxxxxxx | |
Name: | Xxxxxx Xxxxxxxx | |
Title: | Co-Chief Executive Officer and Chief Financial Officer |
Agreed and Accepted by:
TARTAVULL XXXXX XXXXXXXX CAPITAL, LLC | ||
By: | /s/ Xxxxxxxx Xxxxxxxxx | |
Name: | Xxxxxxxx Xxxxxxxxx | |
Title: | Co-Founder and Managing Partner | |
By: | /s/ Xxxx Xxxxx | |
Name: | Xxxx Xxxxx | |
Title: | Co-Founder and Managing Partner | |
By: | /s/ Xxxxxx Xxxxxxxx | |
Name: | Xxxxxx Xxxxxxxx | |
Title: | Managing Partner |