IDS III LLC Irrevocable Surrender of Class B Ordinary Shares to GP-Act III Acquisition Corp.
IDS III 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. No share certificates had been issued for these shares as of the date of the notice. This action is confirmed by Irwin Simon on behalf of IDS III LLC as of December 29, 2023.
Exhibit 10.12
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/ Irwin Simon | |
| for and on behalf of | |
| IDS III LLC | |
| Name: Irwin Simon | |
| Title: | |
| Date: December 29, 2023 |
