Promissory Note Assignment Agreement, dated February 23, 2021, between the Former Sponsor and the Sponsor

Contract Categories: Business Finance - Note Agreements
EX-10.6 12 nt10020227x3_ex10-6.htm EXHIBIT 10.6

 


Exhibit 10.6

 

ASSIGNMENT AND ASSUMPTION AGREEMENT

 

THIS ASSIGNMENT AGREEMENT (“Agreement”) is made and entered into as of February 23, 2021, by and among (i) TCV Acquisition Holdings, a Cayman Islands limited liability company (the “Assignor”); (ii) TCV Acquisition Holdings, L.P., a Cayman Islands exempted limited partnership (the “Assignee”); and (iii) TCV Acquisition Corp., a Cayman Islands exempted company and blank check company (the “Maker”).

 

WHEREAS, the Assignor is a party to a Promissory Note, dated January 29, 2021, with the Maker as borrower (the “Promissory Note”); and

 

WHEREAS, the Assignor desires to assign, and the Assignee desires to assume, the Promissory Note. NOW THEREFORE, for good and valuable consideration, the parties hereto agree as follows:

 

1.          Assignment. The Assignor hereby assigns to the Assignee all of the Assignor’s right, title and interest under the Promissory Note.

 

2.          Assumption. The Assignee hereby accepts the assignment from the Assignor set forth in Paragraph 1 hereof and assumes all of the Assignor’s right, title and interest under the Promissory Note.

 

3.          Consent. Pursuant to Section 13 of the Promissory Note, the Maker consents to the assignment provided for in this Agreement.

 

4.          Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CONFLICTS OF LAW PRINCIPLES OF SUCH JURISDICTION.

 

5.          Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

 

6.          Severability. If any provision of this Agreement shall be held invalid, illegal or unenforceable, the validity, legality or enforceability of the other provisions of this Agreement shall not be affected thereby, and there shall be deemed substituted for the provision at issue a valid, legal and enforceable provision as similar as possible to the provision at issue.

 

7.          Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. The exchange by facsimile of executed counterparts of this Agreement shall be deemed execution and delivery thereof.

 

[Signature pages follow]

 

 

 

IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered as of the date first written above.

 

  ASSIGNOR:
     
  TCV Acquisition Holdings
     
  By: /s/ Frederic D. Fenton
  Name: Frederic D. Fenton
  Title: Manager

 

  ASSIGNEE:
   
  TCV Acquisition Holdings, L.P.
By: TCV Acquisition Holdings, Ltd., its general partner
     
  By: /s/ Frederic D. Fenton
  Name: Frederic D. Fenton
  Title: Director

 

  MAKER:
     
  TCV Acquisition Corp.
     
  By: /s/ Frederic D. Fenton
  Name: Frederic D. Fenton
  Title: Director

 

[Signature Page to Assignment and Assumption Agreement of Promissory Note]