Inspirato Inc.
09/23/2025 | Press release | Distributed by Public on 09/23/2025 14:03
Termination of Material Agreement (Form 8-K)
Item 1.02. Termination of a Material Definitive Agreement.
On September 18, 2025, Inspirato Incorporated ("Inspirato"), RR Merger Sub, Inc. ("Merger Sub") and Buyerlink Inc. ("Buyerlink") entered into a Mutual Termination Agreement (the "Termination Agreement") pursuant to which the parties mutually terminated the Agreement and Plan of Merger, dated June 25, 2025 (the "Merger Agreement"). The Termination Agreement provides that the Merger Agreement is terminated pursuant to Section 6.1(a) thereof and shall be of no further force or effect, except that provisions expressly stated to survive termination shall remain in effect in accordance with their terms. The Termination Agreement further provides that no termination fee or reverse termination fee is payable by any party and that each party will bear its own fees and expenses incurred in connection therewith. The Termination Agreement also includes mutual releases subject to customary exceptions for obligations that expressly survive termination.
The foregoing description of the Termination Agreement is a summary only and is qualified in its entirety by reference to the full text of the Termination Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
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