Termination Agreement for Administrative Services Between Coliseum Acquisition Corp. and SC Management LLC
Coliseum Acquisition Corp. and SC Management LLC have agreed to terminate their existing Administrative Services Agreement, effective June 26, 2023. As part of this termination, SC Management LLC will forgive and fully discharge any outstanding fees owed under the original agreement. Both parties have signed to confirm that the prior agreement is no longer in effect as of the stated date.
Exhibit 10.3
COLISEUM ACQUISITION CORP.
80 Pine Street, Suite 3202
New York, NY 10005
June 26, 2023
SC Management LLC 80 Pine Street, Suite 3202 New York, NY 10005
Re: Termination of the Administrative Services Agreement |
To the above-referenced party:
Reference is made to the Administrative Services Agreement by and between Coliseum Acquisition Corp. (the “Company”) and SC Management LLC (the “Provider”), dated June 22, 2021 (the “Services Agreement”). The Company wishes to terminate the Services Agreement effective as of the date hereof. By signing below, parties have agreed that the Services 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, the Provider agrees to forgive and fully discharge all fees that are outstanding under the Services Agreement as of the date hereof.
| coliseum acquisition corp. | ||
| By: | /s/ Daniel Haimovic | |
| Name: | Daniel Haimovic | |
| Title: | Co-Chief Executive Officer |
Agreed and Accepted by:
SC MANAGEMENT LLC
| By: | /s/ Daniel Haimovic |
| Name: | Daniel Haimovic | |
| Title: | Co-Chief Executive Officer |
