Side Letter to Termination Agreement between Allied Gaming & Entertainment, Inc. and Blue Planet New Energy Technology Limited (May 4, 2025)

Contract Categories: Business Operations › Termination Agreements
Summary

This letter agreement is between Allied Gaming & Entertainment, Inc. and Blue Planet New Energy Technology Limited. It adds conditions to their earlier Termination Agreement, requiring the Company to pay Blue Planet $6,600,000 and for Blue Planet to return a Warrant for cancellation before the termination becomes effective. All other terms of the original agreement remain unchanged. Both parties have signed to confirm their acceptance of these additional terms.

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EX-10.10 4 ea023809501ex10-10_allied.htm SIDE LETTER TO TERMINATION AGREEMENT, DATED MAY 4, 2025, BY AND BETWEEN THE COMPANY AND BLUE PLANET NEW ENERGY TECHNOLOGY LIMITED

Exhibit 10.10

 

May 4, 2025

 

Blue Planet New Energy Technology Limited

 

Re: Termination Agreement

 

Ladies and Gentlemen:

 

This letter agreement (this “Letter Agreement”) confirms and supplements the agreement between Allied Gaming & Entertainment, Inc., a Delaware corporation (the “Company”), and Blue Planet New Energy Technology Limited (“Blue Planet”) in connection with that certain Termination Agreement, by and between the Company and Blue Planet, dated as of April 25, 2025 (the “Termination Agreement”). Capitalized terms used herein and not defined shall have the meaning set forth in the Purchase Agreement.

 

The Company and Blue Planet agree that in addition to the conditions set forth in Section 2 of the Termination Agreement, the Termination Agreement will not become effective until (i) the Company shall have paid to Blue Planet in cash in the amount of $6,600,000 by wire transfer or check to an account designated by Blue Planet; and (ii) Blue Planet shall have returned the Warrant to the Company for cancellation and the Company shall have cancelled and terminated the Warrant.

 

Except as set forth herein, the Termination Agreement is unmodified and will remain in full force and effect. This letter may be executed in counterparts by the Company and Blue Planet.

 

[Signature Page Follows]

 

 

 

 

  Sincerely,
     
  Allied Gaming & Entertainment, Inc.
     
  By: /s/ Yinghua Chen
  Name: Yinghua Chen
  Title: Chief Executive Officer

 

Agreed and Accepted this 4th day of May, 2025:

 

BLUE PLANET NEW ENERGY TECHNOLOGY LIMITED

 

By: /s/ Philip Zongmin  
Name:  Philip Zongmin  
Title: Director