Termination Agreement for Administrative Services between Crixus BH3 Acquisition Company and Crixus BH3 Sponsor LLC
Crixus BH3 Acquisition Company and Crixus BH3 Sponsor LLC have agreed to terminate their Administrative Services Agreement, effective March 31, 2023. As part of this termination, the Sponsor waives any amounts owed by the Company after that date and confirms it will not make any claims for those amounts. This agreement formally ends the service relationship between the two parties and resolves any outstanding financial obligations related to the terminated agreement.
Exhibit 10.1
Crixus BH3 Acquisition Company
819 NE 2nd Avenue, Suite 500
Fort Lauderdale, FL 33304
August 8, 2023
Crixus BH3 Sponsor LLC
819 NE 2nd Avenue, Suite 500
Fort Lauderdale, FL 33304
| Re: | Termination of Administrative Services Agreement |
Ladies and Gentlemen:
Reference is made to that certain Administrative Services Agreement by and between Crixus BH3 Acquisition Company (the “Company”) and Crixus BH3 Sponsor LLC (“Provider”) dated October 4, 2021 (the “Services Agreement”). Capitalized terms used herein but not defined shall have the meanings set forth in the Services Agreement.
The parties hereby agree that, effective as of March 31, 2023, (i) the Services Agreement shall be terminated and be of no further force and effect, and (ii) any amounts due and owing from the Company to the Provider after March 31, 2023 are hereby waived by Provider (and for the avoidance of doubt, Provider confirms that it does not, and will not, have any Claim against the Trust Account for any such waived amounts).
| Sincerely, | ||
| CRIXUS BH3 ACQUISITION COMPANY | ||
| By: | /S/ GREGORY FREEDMAN | |
| Name: | Gregory Freedman | |
| Title: | Co-CEO | |
| AGREED TO AND ACCEPTED BY: | ||
| CRIXUS BH3 SPONSOR LLC | ||
| BY: BH3 MANAGEMENT LLC, | ||
| as Manager | ||
| By: | /S/ GREGORY FREEDMAN | |
| Name: | Gregory Freedman | |
| Title: | President | |
