Termination Agreement, dated November 9, 2022
Exhibit 10.2
8I ACQUISITION 2 CORP.
6 Eu Tong Sen Street
#08-13 Singapore 059817
Tel: +65-6788 0388
November 9, 2022
VIA E-MAIL
Greentree Financial Group, Inc.
Attn: Robert C. Cottone
7951 S.W. 6TH Street, Suite 216
Plantation, FL 33324
Email: ***@***
Re: | Agreement By and Among Greentree Financial Group, Inc., a Florida corporation (“Investor”) and 8i Acquisition 2 Corp., a British Virgin Islands business company (the “Company,” “we,” “us,” and “our”), Dated as of November 1, 2022 (the “Forward Share Purchase Agreement”) |
To the above-referenced party:
The Company and Investor wish to terminate the Forward Share Purchase Agreement on the date hereof. By signing below, each of the Company and Investor hereby terminate the Forward Share Purchase Agreement and the Forward Share Purchase 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, each of the Company and Investor, jointly and severally, on behalf of itself and its present and former agents (including attorneys), representatives, family members, predecessors, successors, assigns, heirs, distributees, executors, administrators, estates, trusts, beneficiaries and all other persons or entities acting by, through, or in concert with it, or acting at its direction or on its behalf, hereby knowingly, voluntarily, and expressly releases, remits, acquits, waives, holds harmless, and forever discharges the Seller and all of its current and former representatives, entities, affiliates, agents (including attorneys), heirs, administrators, executors, trustees, beneficiaries, successors and assigns, from any and all causes of action, suits, liens, orders, debts, accounts, covenants, agreements, contracts, promises, controversies, damages, liabilities, obligations, payments, judgments, costs, charges, penalties, forfeitures, expenses, attorneys’ fees, claims, demands, disputes, objections, and challenges of whatever kind or nature, at law or in equity, in tort or in contract, by statute, pursuant to case law or otherwise, whether now known or unknown, foreseen or unforeseen, vested or contingent, suspected or unsuspected, and which have existed or may have existed, which do exist or may in the future exist, including, but not limited to, those claims arising out of or relating to the Forward Share Purchase Agreement, from the beginning of the world to the date of this Agreement.
[Signature Page Follows]
This letter was provided in compliance with the notice provisions and requirements of the Forward Share Purchase Agreement.
8I ACQUISITION 2 CORP. | ||
By: | /s/ Tan Meng Dong | |
Name: | Tan Meng Dong (James) | |
Title: | CEO |
Agreed:
GREENTREE FINANCIAL GROUP, INC. | ||
By: | /s/ R. Chris Cottone | |
Name: | Robert C. Cottone | |
Title: | Vice President | |
EUDA Health Limited | ||
By: | /s/ Kelvin Chen | |
Name: | Kelvin Chen Wei Wen | |
Title: | CEO |
With a copy to:
Loeb & Loeb LLP
345 Park Avenue
New York, New York 10154
Attention: Tahra Wright, Esq.
E-mail: ***@***