Administrative Services Termination Agreement

EX-10.2 4 tkbcritical_ex10-2.htm EXHIBIT 10.2

 

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