Termination Agreement between Brilliant Acquisition Corporation and EarlyBirdCapital, Inc. dated June 17, 2022
Brilliant Acquisition Corporation and EarlyBirdCapital, Inc. have mutually agreed to terminate their business combination marketing agreement originally signed on June 23, 2020. Both parties confirm that no further payments or claims are owed to each other as a result of this termination. Certain provisions of the original agreement (Article 5 and Annex 1) will remain in effect. Additionally, EarlyBirdCapital will return 100,000 ordinary shares of Brilliant for cancellation.
Exhibit 10.1
BRILLIANT ACQUISITION CORPORATION
June 17, 2022
EARLYBIRDCAPITAL, INC.
366 Madison Avenue
New York, New York 10017
To whom it may concern:
Reference is made to the business combination marketing agreement dated as of June 23, 2020 (the “Agreement”), by and between Brilliant Acquisition Corporation (“Brilliant”) and EarlyBirdCapital, Inc. (“EBC”).
By signing below (i) Brilliant and EBC hereby mutually agree that the Agreement is hereby terminated, (ii) EBC acknowledges that no amounts are due to it by Brilliant pursuant to the terms of the Agreement, and (iii) Brilliant acknowledges that it has no claim against EBC in connection with the termination of the Agreement. Notwithstanding the termination of the Agreement, the parties acknowledge that Article 5 and Annex 1 of the Agreement shall survive.
In addition, EBC has agreed to return the 100,000 ordinary shares of Brilliant owned by it to Brilliant for cancellation.
| Very truly yours, | ||
| BRILLIANT ACQUISITION CORPORATION | ||
| By: | /s/ Peng Jiang | |
| Name: | Peng Jiang | |
| Title: | Chairman and CEO | |
| By signing below, EBC acknowledges and agrees with the foregoing. | ||
| EARLYBIRDCAPITAL, INC. | ||
| By: | /s/ David M. Nussbaum | |
| Name: | David M. Nussbaum | |
| Title: | Chairman | |
