Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Israel Acquisitions Corp entered into Waiver to Administrative Services Agreement with Israel Acquisitions Sponsor LLC valued at waiver of administrative fees, including $10,000 per month and $240,000 accrued fees (effective 2025-12-31).
- Action
- entry
- Counterparty
- Israel Acquisitions Sponsor LLC
- Value
- waiver of administrative fees, including $10,000 per month and $240,000 accrued fees
- Effective
- 2025-12-31
Exact text from the filing
Item 1.01. Entry into a Material Definitive Agreement. On January 12, 2023, Israel Acquisitions Corp, a Cayman Islands exempted company (the “ Company ”) entered into an Administrative Services Agreement (the “ Agreement ”), with Israel Acquisitions Sponsor LLC (the “ Sponsor ”, together with the Company, the “ Parties ”). On December 31, 2025, the Parties entered into a waiver to the Agreement (the “ Waiver ”) whereby the Parties agreed to waive the administrative fees due under the Agreement. Pursuant to the Waiver, the waived administrative fees include (i) the $10,000 per month owed to the Sponsor until the consummation by the Company of an initial business combination or the Company’s liquidation, and (ii) the $240,000 accrued fees to date. The foregoing description of the Waiver is only a summary and is qualified in its entirety by reference to the full text of the Waiver, which is attached hereto as Exhibit 10.1, and incorporated by reference herein.
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