TERMINATION AND RELEASE AGREEMENTTermination and Release Agreement • June 13th, 2023 • Malacca Straits Acquisition Co LTD • Motor vehicles & passenger car bodies • New York
THIS TERMINATION AND RELEASE AGREEMENT, dated as of June 8, 2023 (this “Agreement”), is entered into by and among (i) Malacca Straits Acquisition Company Limited, a Cayman Islands exempted company (together with its successors, including after the Purchaser Domestication (“Purchaser”), (ii) MLAC Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of the Purchaser (“Merger Sub”), (iii) Malacca Straits Management Company Limited, a British Virgin Islands business company with limited liability, in the capacity as the representative from and after the Effective Time for the shareholders of the Purchaser (other than the Earnout Participants and their respective successors and assignees) in accordance with the terms and conditions of the Merger Agreement (the “Purchaser Representative”), (iv) Indiev, Inc, a California corporation (together with its successors, including after the Company Domestication (as defined below), the “Company”), and (v) Mr. Hai Shi, in the capacit
