TERMINATION AND RELEASE AGREEMEntTermination and Release Agreement • July 12th, 2021 • ACE Convergence Acquisition Corp. • Semiconductors & related devices
This TERMINATION AND RELEASE AGREEMENT, dated as of July 11, 2021 (this “Agreement”), is entered into by and between ACE Convergence Acquisition Corp., a Cayman Islands exempted company limited by shares (“Acquiror”), and Achronix Semiconductor Corporation, a Delaware corporation (the “Company”). The foregoing are collectively referred to herein as the “Parties” and each individually as a “Party.” Capitalized terms used but not defined herein shall have the meanings ascribed to them in that certain Agreement and Plan of Merger, dated as of January 7, 2021 (the “Merger Agreement”), by and among Acquiror, ACE Convergence Subsidiary Corp., a Delaware corporation and a direct, wholly owned subsidiary of Acquiror, and the Company.
