GPIAC II, LLC Irrevocable Surrender of Class B Shares to GP-Act III Acquisition Corp.
GPIAC II, LLC has formally notified GP-Act III Acquisition Corp. that it is surrendering 1,147,917 Class B ordinary shares for cancellation without receiving any payment. The surrender is irrevocable and made in accordance with Cayman Islands law. The letter confirms that no share certificates have been issued for these shares. The notice is signed by directors of GPIAC II, LLC and dated December 29, 2023.
Exhibit 10.11
GP-Act III Acquisition Corp. (the "Company")
PO Box 309, Ugland House
Grand Cayman
KY1-1104
Cayman Islands
Attention: The Directors
Dear Directors
Irrevocable notice of surrender of Class B ordinary shares for nil consideration, in accordance with section 37B of the Companies Act (As Revised) of the Cayman Islands
We hereby irrevocably surrender to the Company for cancellation and for nil consideration 1,147,917 Class B ordinary shares of a par value US$0.0001 each standing in our name in the register of members of the Company.
We confirm that the Company has not, as at the date of this letter, issued any share certificates to us.
| /s/ Rodrigo Boscolo /s/ Antonio Bonchristiano | |
| for and on behalf of | |
| GPIAC II, LLC | |
| Name: Rodrigo Boscolo and Antonio Bonchristiano | |
| Title: Directors | |
| Date: December 29, 2023 |
