Termination Agreement for Forward Purchase Agreement between Integral Acquisition Corporation 1 and Crescent Park Management, L.P.
Integral Acquisition Corporation 1 and Crescent Park Management, L.P. have agreed to terminate their Forward Purchase Agreement, effective November 30, 2023. This termination means that all obligations and liabilities under the original agreement are cancelled, except for any provisions specifically stated to survive in the 'General Provisions' section of the original agreement. Both parties have acknowledged and accepted this termination in writing.
Exhibit 10.2
Integral Acquisition Corporation 1
667 Madison Avenue
New York, New York 10065
December 12, 2023
Crescent Park Management, L.P.
1950 University Ave, Suite 204
East Palo Alto, CA 94303
Attention: Eli Cohen and Sebastien Hutchinson
| Re: | Termination of Forward Purchase Agreement |
Dear Mr. Eli Cohen and Mr. Hutchinson:
Pursuant to Section 8 of the forward purchase agreement (the “FPA”) by and between Integral Acquisition Corporation 1 (the “Company”) and Crescent Park Management, L.P., dated August 23, 2021, this letter serves as the Company’s notice that it is terminating the FPA with an effective termination date of November 30, 2023. Except as specifically provided in the section labeled “General Provisions” in the FPA, the FPA is hereby deemed null, void and of no further force or effect, and all obligations and liabilities of the parties under the FPA or otherwise related to any proposed offering under the FPA are terminated. Capitalized terms used and not otherwise defined herein shall have the meanings set forth in that certain FPA.
| Sincerely, | ||
| By: | /s/ Enrique Klix | |
| Name: | Enrique Klix | |
| Title: | Chief Executive Officer | |
| Accepted: As of the date first written above | ||
| Crescent Park Management, L.P. | ||
| By: | /s/ Eli Cohen | |
| Name: | Eli Cohen | |
| Title: | Managing Partner | |
