Amendment to Administrative Services Agreement between Quantum FinTech Acquisition Corporation and Quantum Ventures LLC (May 9, 2023)

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Summary

Quantum FinTech Acquisition Corporation and Quantum Ventures LLC have agreed to amend their previous Administrative Services Agreement. Effective May 9, 2023, Quantum Ventures LLC will no longer charge the $10,000 monthly fee for providing office space, utilities, administrative services, and secretarial support to Quantum FinTech Acquisition Corporation. Additionally, any outstanding unpaid fees under the agreement are cancelled. This amendment is agreed to by both parties' representatives.

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EX-10.2 2 f10q0323ex10-2_quantum.htm AMENDMENT TO ADMINISTRATIVE SERVICES AGREEMENT, DATED AS OF MAY 9, 2023, BY AND BETWEEN QUANTUM FINTECH ACQUISITION CORPORATION AND QUANTUM VENTURES LLC

Exhibit 10.2

 

QUANTUM VENTURES LLC

 

Tuesday, May 9, 2023

 

John Schaible

Chairman and CEO

Quantum FinTech Acquisition Corporation

4221 W Boy Scout Blvd, Suite 300

Tampa, FL 33607

 

RE: Administration Services Agreement

 

Dear Mr. Schaible,

 

Pursuant to the Administrative Services Agreement between Quantum Ventures LLC and Quantum FinTech Acquisition Corporation executed February 4th, 2021, it is agreed that the monthly Administration Services fee of $10,000 for Quantum Ventures LLC to provide Quantum FinTech Acquisition Corporation with certain office space, utilities, general and administrative services, and secretarial support shall no longer be charged. Additionally, it is agreed that outstanding unpaid fees are cancelled.

 

Agreed and accepted by:

 

/s/ John M. Schaible   /s/ Sandip I. Patel
John M. Schaible   Sandip I. Patel
Chairman and CEO   Managing Member
Quantum FinTech Acquisition Corporation   Quantum Ventures LLC

 

Cc: Miguel Leon, CFO and Director