Administrative Services Termination Agreement
Exhibit 10.2
TKB CRITICAL TECHNOLOGIES 1
400 Continental Blvd, Suite 600
El Segundo, CA 90245
June 26, 2023
Tartavull Klein Blatteis Capital, LLC
400 Continental Boulevard, Suite 600
El Segundo, California 90245
| Re: | Termination of the Administrative Services Agreement |
Ladies and Gentlemen:
Reference is made to the Administrative Services Agreement by and between TKB Critical Technologies 1 (the “Company”) and Tartavull Klein Blatteis Capital, LLC (“TKB Capital”), dated October 26, 2021 (the “Services Agreement”). The Company wishes to terminate the Services Agreement effective as of the date hereof. By signing below, parties have agreed that the Services Agreement shall be of no further force or effect as of or after the date hereof.
In consideration of the terms of this letter and other valuable consideration, TKB Capital agrees to forgive and fully discharge all fees that are outstanding under the Services Agreement as of the date hereof.
[signature page follows]
| Very truly yours, | ||
| TKB CRITICAL TECHNOLOGIES 1 | ||
| By: | /s/ Angela Blatteis | |
| Name: | Angela Blatteis | |
| Title: | Co-Chief Executive Officer and Chief Financial Officer | |
Agreed and Accepted by:
| TARTAVULL KLEIN BLATTEIS CAPITAL, LLC | ||
| By: | /s/ Philippe Tartavull | |
| Name: | Philippe Tartavull | |
| Title: | Co-Founder and Managing Partner | |
| By: | /s/ Greg Klein | |
| Name: | Greg Klein | |
| Title: | Co-Founder and Managing Partner | |
| By: | /s/ Angela Blatteis | |
| Name: | Angela Blatteis | |
| Title: | Managing Partner | |
