Joinder to Letter Agreement by Osman Ahmed, 10X Capital Venture Acquisition Corp. III, and 10X Capital SPAC Sponsor III LLC (January 9, 2024)

Contract Categories: Business Finance › Joinder Agreements
Summary

This agreement adds Osman Ahmed as a party to a previous Letter Agreement dated January 11, 2022, between 10X Capital SPAC Sponsor III LLC and 10X Capital Venture Acquisition Corp. III. By signing, Osman Ahmed agrees to be bound by all terms of the original agreement as he becomes President of the Company. The agreement is governed by New York law and confirms Ahmed's acceptance of the role and obligations under the original Letter Agreement.

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EX-10.1 2 ea191405ex10-1_10xcap3.htm JOINDER TO THE LETTER AGREEMENT, DATED JANUARY 9, 2024, BETWEEN 10X III, THE SPONSOR AND OSMAN AHMED

Exhibit 10.1

 

Execution Version

 

JOINDER to LETTER Agreement

 

This Joinder to Letter Agreement (this “Joinder”) is made this 9th day of January, 2024, by Osman Ahmed (the “Officer”), in respect of that certain Letter Agreement (the “Letter Agreement”), dated as of January 11, 2022, by and among 10X Capital SPAC Sponsor III LLC (the “Sponsor”), 10X Capital Venture Acquisition Corp. III (the “Company”), and each of the other parties thereto. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Letter Agreement.

 

RECITALS:

 

WHEREAS, the Company desires to appoint the Officer as President of the Company and the Officer has accepted such offer and agrees to be bound by the binding provisions of the Letter Agreement.

 

NOW, THEREFORE, for and in good and valuable consideration, the receipt of which is hereby acknowledged, Officer agrees as follows:

 

1.Officer hereby agrees to be bound by the terms and conditions of the Letter Agreement as a party thereunder.

 

2.This Joinder shall be governed by and construed in accordance with the laws of the State of New York without giving effect to any choice or conflicts of law provision or rule that would cause the application of the domestic substantive laws of any other jurisdiction.

 

 

 

 

IN WITNESS WHEREOF, this Joinder has been executed and delivered by the undersigned as of the date set forth above.

 

  /s/ Osman Ahmed
  Name:  Osman Ahmed

 

Signature Page to Joinder to Letter Agreement

 

 

 

 

  ACKNOWLEDGED AND AGREED BY:
     
  10X CAPITAL VENTURE ACQUISITION CORP. III
     
  By: /s/ David Weisburd
  Name: David Weisburd
  Title: Chief Executive Officer

 

  10X CAPITAL SPAC SPONSOR III LLC
     
  By: /s/ David Weisburd
  Name:  David Weisburd
  Title: Manager

 

Signature Page to Joinder to Letter Agreement