Written Consent to Extend Termination Date under Business Combination Agreement between Clean Earth Acquisitions Corp. and Alternus Energy Group Plc
Clean Earth Acquisitions Corp. and Alternus Energy Group Plc have agreed in writing to extend the deadline for closing their previously agreed business combination. The original agreement allowed either party to terminate the deal if it did not close by November 28, 2023, but this written consent extends the termination date to May 28, 2024. Both companies' CEOs have signed the consent, confirming their mutual agreement to the extension.
Exhibit 2.1
WRITTEN CONSENT PURSUANT TO THE BUSINESS COMBINATION AGREEMENT
November 16, 2023
This Written Consent pursuant to the Business Combination Agreement dated as of October 12, 2022 (the “Business Combination Agreement”), as amended by that certain First Amendment to the Business Combination Agreement, dated as of April 12, 2023 (the “First Amendment to the Business Combination Agreement”), is entered into between Clean Earth Acquisitions Corp., a Delaware corporation (“Purchaser”) and Alternus Energy Group Plc, a public limited company incorporated under the laws of Ireland (“Seller”). All capitalized terms used herein but not defined shall have the meanings assigned to them in the Business Combination Agreement.
WHEREAS, Purchaser and Seller are parties to that certain Business Combination Agreement.
WHEREAS, both Seller and Purchaser have the option to terminate the Business Combination Agreement if the Closing shall not have occurred by November 28, 2023 (the “Termination Date”), provided, that the Termination Date may be extended to a later date by mutual written consent of Purchaser and Seller.
NOW, THEREFORE, BE IT RESOLVED the undersigned, being authorized officers of Purchaser and Seller, do hereby consent, pursuant to Section 7.03(b) of the Business Combination Agreement, to extend the Termination Date to May 28, 2024.
[signature page to follow]
IN WITNESS WHEREOF, the parties have executed and delivered this Written Consent on the date first written above.
| CLEAN EARTH ACQUISITIONS CORP. | |
By: | /s/ Aaron T. Ratner | |
Name: | Aaron T. Ratner | |
Title: | Chief Executive Officer | |
ALTERNUS ENERGY GROUP PLC | ||
By: | /s/ Vincent Browne | |
Name: | Vincent Browne | |
Title: | Chief Executive Officer | |
[Signature Page to Written Consent dated November 16, 2023]
2