Exhibit 10.1


 


Execution Version


 


July 19, 2021


 


TortoiseEcofin Acquisition Corp. III

5100 W. 115th Place

Leawood, KS 66211


 


Re: Initial Public Offering


 


Ladies and Gentlemen:


 


This letter (this “Letter
Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”)
entered into by and among TortoiseEcofin Acquisition Corp. III, a Cayman Islands exempted company (the “Company”),
and Barclays Capital Inc. and Goldman Sachs & Co. LLC, as representatives (the “Representatives”) of the
several underwriters (the “Underwriters”), relating to an underwritten initial public offering (the “Public
Offering”), of 34,500,000 of the Company’s units (including up to 4,500,000 units which may be purchased to cover
over-allotments, if any) (the “Units”), each comprised of one of the Company’s Class A ordinary shares,
par value $0.0001 per share (the “Class A Ordinary Shares”), and one-fourth of one redeemable warrant (each
whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Class A Ordinary Share
at a price of $11.50 per share, subject to adjustment. The Units shall be sold in the Public Offering pursuant to the registration statement
on Form S-1 No. 333-253586 and prospectus (the “Prospectus”) filed by the Company with the Securities and Exchange
Commission (the “Commission”) and the Company shall apply to have the Units listed on the New York Stock Exchange.
Certain capitalized terms used herein are defined in paragraph 11 hereof.


 


In order to induce the Company
and the Underwriters to enter into the Underwriting Agreement and to proceed with the Public Offering and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, TortoiseEcofin Sponsor III LLC, a Cayman Islands limited
liability company (the “Sponsor”), TortoiseEcofin Borrower LLC, a Delaware limited liability company (“TortoiseEcofin
Borrower”), and each of the undersigned individuals, each of whom is a member of the Company’s board of directors
and/or management team (each an “Insider” and, collectively, the “Insiders”), hereby
agree with the Company as follows:


 


1. The
Sponsor, TortoiseEcofin Borrower and each Insider agree that if the Company seeks shareholder approval of a proposed Business Combination,
then in connection with such proposed Business Combination, it, he or she shall vote all Founder Shares and any shares acquired by it,
him or her in the Public Offering or the secondary public market in favor of such proposed Business Combination.


 


2. The
Sponsor, TortoiseEcofin Borrower and each Insider hereby agree that in the event that the Company fails to consummate a Business Combination
within 24 months from the closing of the Public Offering, or 27 months from the closing of the Public Offering if the Company has executed
a letter of intent, agreement in principal or definitive agreement for a Business Combination within 24 months from the closing of the
Public Offering but has not completed the Business Combination within such 24-month period, or such later period approved by the Company’s
shareholders in accordance with the Company’s amended and restated memorandum and articles of association, as may be amended from
time to time (the “Memorandum and Articles”), the Sponsor, TortoiseEcofin Borrower and each Insider shall take
all reasonable steps to cause the Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably
possible but not more than 10 business days thereafter, subject to lawfully available funds therefor, redeem 100% of the Class A Ordinary
Shares sold as part of the Units in the Public Offering (the “Offering Shares”), at a per-share price, payable
in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest not previously released to the Company
to pay its income taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Offering
Shares, which redemption will completely extinguish the Public Shareholders’ rights as shareholders (including the right to receive
further liquidation distributions, if any), subject to applicable law and (iii) as promptly as reasonably possible following such redemption,
subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and liquidate,
subject, in the case of clauses (ii) and (iii), to the Company’s obligations under Cayman Islands law to provide for claims of creditors
and other requirements of applicable law. The Sponsor, TortoiseEcofin Borrower and the Insiders agree to not propose any amendment to
the Memorandum and Articles that would affect the substance or timing of the Company’s obligation to redeem 100% of the Offering
Shares if the Company does not complete a Business Combination within 24 months (or 27 months, as applicable) from the closing of the
Public Offering, unless the Company provides its Public Shareholders with the opportunity to redeem their Offering Shares upon approval
of any such amendment at a per share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account including
interest earned on the funds held in the Trust Account and not previously released to the Company to pay its income taxes, divided by
the number of then outstanding Offering Shares.


 






     


     


    

 


The Sponsor, TortoiseEcofin Borrower
and each Insider acknowledges that it, he or she has no right, title, interest or claim of any kind in or to any monies held in the Trust
Account or any other asset of the Company as a result of any liquidation of the Company with respect to the Founder Shares. The Sponsor,
TortoiseEcofin Borrower and each Insider hereby further acknowledges, with respect to any of the Class A Ordinary Shares and the Class
B ordinary shares, par value $0.0001 per share (the “Class B Ordinary Shares” and, together with the Class A
Ordinary Shares, the “Ordinary Shares”), held by it, him or her, that it, he or she will not be entitled to
any redemption rights in connection with the consummation of a Business Combination, including, without limitation, any such rights available
in the context of a shareholder vote to approve such Business Combination or in the context of a tender offer made by the Company to purchase
the Class A Ordinary Shares and in connection with a shareholder vote to amend the Memorandum and Articles in a manner that would affect
the substance or timing of the Company’s obligation to redeem 100% of the Company’s public shares if the Company has not consummated
a Business Combination within 24 months (or 27 months, as applicable) from the closing of the Public Offering (although the Sponsor, TortoiseEcofin
Borrower and the Insiders and their respective affiliates shall be entitled to redemption and liquidation rights with respect to any of
the Ordinary Shares (other than the Founder Shares) it or they hold if the Company fails to consummate a Business Combination within 24
months (or 27 months, as applicable) from the date of the closing of the Public Offering or such later date as may be specified in an
amendment to the Memorandum and Articles).


 


To the fullest extent permitted
by applicable law, the Company hereby agrees to defend, indemnify, hold harmless and exonerate (including the advancement of expenses
to the fullest extent permitted by applicable law) the Sponsor and its members (present and former), managers and affiliates and their
respective present and former officers and directors (each, a “Sponsor Indemnitee”) from any and all costs,
fees, expenses, judgments, liabilities, fines, penalties, reasonable attorneys’ fees and amounts paid in settlement (including all
interest, assessments and other charges paid or payable in connection with or in respect of such costs, fees, expenses, judgments, liabilities,
fines, penalties and amounts paid in settlement) actually, and reasonably, incurred by a Sponsor Indemnitee or on a Sponsor Indemnitee’s
behalf in connection with any threatened, pending or completed action, suit, arbitration, mediation, alternate dispute resolution mechanism,
investigation, inquiry, hearing or any other actual, threatened or completed proceeding instituted by the Company or any third party,
whether civil, criminal, administrative or investigative in nature, in respect of any investment opportunities sourced by a Sponsor Indemnitee
for the Company or any liability arising with respect to a Sponsor Indemnitee’s activities in connection with the affairs of the
Company (in each case to the extent that such indemnification, hold harmless and exoneration obligations with respect to such matters
are not expressly covered by a separate written agreement between the Company and the applicable Sponsor Indemnitee); provided, that in
no event shall a Sponsor Indemnitee be entitled to be indemnified or held harmless hereunder in respect of any costs, fees, expenses,
judgments, liabilities, fines, penalties and amounts paid in settlement (if any) that Sponsor Indemnitee may incur by reason of such person’s
own actual fraud or intentional misconduct; provided further, for the avoidance of doubt, that under no circumstance shall a Sponsor Indemnitee
have a claim to any monies or assets held in the Trust Account, and the Company shall not be permitted to procure monies or assets held
in the Trust Account for the satisfaction of its obligations to any Sponsor Indemnitee in respect of the indemnification provided hereunder.
The Sponsor Indemnitees shall be third party beneficiaries of this paragraph.  


 


3. During
the period commencing on the effective date of the Underwriting Agreement and ending 180 days after such date, the undersigned shall not,
without the prior written consent of Barclays Capital Inc. and Goldman Sachs & Co. LLC, (i) sell, offer to sell, contract or agree
to sell, hypothecate, pledge, grant any option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, or
establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations of the Commission
promulgated thereunder, any Units, Ordinary Shares, Warrants or any securities convertible into, or exercisable, or exchangeable for,
Class A Ordinary Shares owned by him, her or it; provided, however, that the foregoing shall not apply to transfers to the Sponsor
by the Insiders, (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences
of ownership of any Units, Class A Ordinary Shares, Founder Shares, Warrants or any securities convertible into, or exercisable, or exchangeable
for, Class A Ordinary Shares owned by him, her or it, whether any such transaction is to be settled by delivery of such securities, in
cash or otherwise or (iii) publicly announce any intention to effect any transaction specified in clause (i) or (ii). If the undersigned
is an officer or director of the Company, the undersigned further agrees that the forgoing restrictions shall be equally applicable to
any issuer-directed Units that the undersigned may purchase in the Public Offering.


 






    	 	2	 



     


    

 


4. In
the event of the liquidation of the Trust Account, the Sponsor (which for purposes of clarification shall not extend to any officer, member
or manager of the Sponsor) agrees to indemnify and hold harmless the Company against any and all loss, liability, claim, damage and expense
whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending
against any litigation, whether pending or threatened, or any claim whatsoever) to which the Company may become subject as a result of
any claim by (i) any third party (other than the Company’s independent public accountants) for services rendered or products sold
to the Company or (ii) a prospective target business with which the Company has entered into a letter of intent, confidentiality or other
similar agreement or business combination agreement (a “Target”); provided, however, that such indemnification
of the Company by the Sponsor shall apply only to the extent necessary to ensure that such claims by a third party for services rendered
(other than the Company’s independent public accountants) or products sold to the Company or a Target do not reduce the amount of
funds in the Trust Account to below the lesser of (A) $10.00 per share of the Offering Shares and (B) the actual amount per share of the
Offering Shares held in the Trust Account due to reductions in the value of the trust assets as of the date of the liquidation of the
Trust Account, in each case including interest earned on the funds held in the Trust Account and not previously released to the Company
to pay its income taxes, less income taxes payable, except as to any claims by a third party or Target that executed an agreement waiving
claims against and all rights to seek access to the Trust Account whether or not such agreement is enforceable. In the event that any
such executed waiver is deemed to be unenforceable against such third party, the Sponsor shall not be responsible for any liability as
a result of any such third-party claims. Notwithstanding any of the foregoing, such indemnification of the Company by the Sponsor shall
not apply as to any claims under the Company’s obligation to indemnify the Underwriters against certain liabilities, including liabilities
under the Securities Act of 1933, as amended (the “Securities Act”). The Sponsor shall have the right to defend
against any such claim with counsel of its choice reasonably satisfactory to the Company if, within 15 days following written receipt
of notice of the claim to the Sponsor, the Sponsor notifies the Company in writing that it shall undertake such defense.


 


5. To
the extent that the Underwriters do not exercise their over-allotment option to purchase an additional 4,500,000 Units (as described in
the Prospectus), the Sponsor agrees, upon the expiration or waiver of such option, to forfeit, for cancellation at no cost, a number of
Founder Shares equal to 1,125,000 multiplied by a fraction, (i) the numerator of which is 4,500,000 minus the number of Units purchased
by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 4,500,000. The forfeiture will
be adjusted to the extent that the over-allotment option is not exercised in full by the Underwriters so that the Founder Shares will
represent 20.0% of the Company’s issued and outstanding Ordinary Shares after the Public Offering. The Sponsor further agrees that
to the extent that (a) the size of the Public Offering is increased or decreased and (b) the Sponsor has either purchased or sold Ordinary
Shares or an adjustment to the number of Founder Shares has been effected by way of a share sub-division, share dividend, reverse share
sub-division, contribution back to capital or otherwise, in each case in connection with such increase or decrease in the size of the
Public Offering, then (A) the references to 4,500,000 in the numerator and denominator of the formula in the first sentence of this paragraph
shall be changed to a number equal to 15.0% of the number of Class A Ordinary Shares included in the Units issued in the Public Offering
and (B) the reference to 1,125,000 in the formula set forth in the first sentence of this paragraph shall be adjusted to such number of
Founder Shares that the Sponsor would have to collectively return to the Company in order for all holders of Founder Shares to hold an
aggregate of 20.0% of the Company’s issued and outstanding Ordinary Shares after the Public Offering.


 


6. Each of the Sponsor, TortoiseEcofin
Borrower and each Insider hereby agrees and acknowledges that: (i) each of the Underwriters and the Company would be irreparably injured
in the event of a breach by the Sponsor of its obligations under paragraphs 1, 2, 3, 4, 5, 7(a) and 7(d), by each Insider of his
or her obligations under paragraphs 1, 2, 3, 7(a) and 7(d) or TortoiseEcofin Borrower of its obligations under paragraphs 1, 2, 3, 7(b)
and 7(d) of this Letter Agreement, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party
shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of
such breach.


 



    	 	3	 



     


    

 


7. (a) Subject to the exceptions
set forth herein, the Sponsor and each Insider agree not to transfer, assign or sell any Founder Shares or the Class A Ordinary Shares
issuable upon conversion of the Founder shares held by it, him or her until the earlier of (i) one year after the date of the consummation
of a Business Combination and (ii) the earlier to occur of, subsequent to a Business Combination, (A) the first date on which the last
reported sale price of the Class A Ordinary Shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share dividends,
reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 120 days
after the consummation of a Business Combination and (B) the date on which the Company consummates a subsequent liquidation, merger, share
exchange or other similar transaction which results in all of the Company’s shareholders having the right to exchange their Class
A Ordinary Shares for cash, securities or other property (the “Lock-up”).


 


(a) Subject
to the exceptions set forth herein, each of TortoiseEcofin Borrower, the Sponsor and each Insider agrees not to transfer, assign or sell
any Private Placement Warrants or Class A Ordinary Shares underlying such warrants held by it, him or her until 30 days after the completion
of a Business Combination.


 


(b) Notwithstanding
the provisions set forth in paragraphs 7(a) and (b), transfers of the Founder Shares, Private Placement Warrants and Class A Ordinary
Shares issued or issuable upon the exercise or conversion of the Private Placement Warrants or the Founder Shares and that are held by
TortoiseEcofin Borrower, the Sponsor, any Insider or any of their permitted transferees, as applicable (that have complied with any applicable
requirements of this paragraph 7(c)), are permitted (i) in the case of TortoiseEcofin Borrower, the Sponsor, any Insider or any of
their permitted transferees, to the Company’s officers or directors, any affiliates or family members of any of the Company’s
officers or directors, the Sponsor, any members of the Sponsor or their affiliates, any affiliates of the Sponsor, TortoiseEcofin Borrower
or any of its affiliates, or any members, officers, directors or employees of TortoiseEcofin Borrower or its affiliates; (ii) in the case
of an individual, by gift to members of the individual’s immediate family or to a trust, the beneficiary of which is a member of
one of the individual’s immediate family, an affiliate of such person or to a charitable organization; (iii) in the case of an individual,
by virtue of laws of descent and distribution upon death of the individual; (iv) in the case of an individual, pursuant to a qualified
domestic relations order; (v) by virtue of the laws of the Cayman Islands or the State of Delaware, as applicable, the Sponsor’s
operating agreement upon dissolution of the Sponsor or TortoiseEcofin Borrower’s operating agreement upon dissolution of TortoiseEcofin
Borrower; (vi) by private sales or transfers made in connection with the consummation of a Business Combination at prices no greater than
the price at which the securities were originally purchased; (vii) in the event of the Company’s liquidation prior to the completion
of a Business Combination; or (viii) in the event of completion of a liquidation, merger, share exchange or other similar transaction
which results in all of the Company’s shareholders having the right to exchange their Class A Ordinary Shares for cash, securities
or other property subsequent to the completion of a Business Combination; provided, however, that in the case of clauses (i) through
(vi), these permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions.


 


(c) The
Sponsor, TortoiseEcofin Borrower and the Insiders acknowledge and agree that if, in order to consummate any Business Combination, the
holders of Founder Shares or Private Placement Warrants are required to contribute back to the capital of the Company a portion of any
such securities to be cancelled by the Company or transfer any such securities to third parties, the Sponsor, TortoiseEcofin Borrower
and the Insiders will contribute back to the capital of the Company or transfer to such third parties, at no cost, a proportionate number
of Founder Shares or Private Placement Warrants, as applicable, pro rata with the other holders of Founder Shares or Private Placement
Warrants, as applicable.


 


8. Each
Insider’s biographical information furnished to the Company and the Representatives that is included in the Prospectus is true and
accurate in all respects and does not omit any material information with respect to such Insider’s background and contains all of
the information required to be disclosed pursuant to Item 401 of Regulation S-K, promulgated under the Securities Act. Each Insider’s
questionnaire furnished to the Company and the Representatives including any such information that is included in the Prospectus is true
and accurate in all respects. Each Insider represents and warrants that: such Insider is not subject to or a respondent in any legal action
for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating to the offering
of securities in any jurisdiction; such Insider has never been convicted of, or pleaded guilty to, any crime (i) involving fraud, (ii)
relating to any financial transaction or handling of funds of another person or (iii) pertaining to any dealings in any securities and
such Insider is not currently a defendant in any such criminal proceeding; and none of the Sponsor or any such Insider has ever been suspended
or expelled from membership in any securities or commodities exchange or association or had a securities or commodities license or registration
denied, suspended or revoked.


 






    	 	4	 



     


    

 


9. Except
as disclosed in the Prospectus, none of the Sponsor, TortoiseEcofin Borrower, the Insiders or their respective affiliates shall receive
any finder’s fee, reimbursement, consulting fee, monies in respect of any repayment of a loan or other compensation prior to, or
in connection with any services rendered in order to effectuate the consummation of the Company’s initial Business Combination (regardless
of the type of transaction that it is). However, such persons may receive the following payments, none of which will be made from the
proceeds held in the Trust Account prior to the completion of the initial Business Combination: repayment of a loan of up to $600,000
made to the Company by the Sponsor pursuant to a Promissory Note dated February 3, 2021; payment of an aggregate of $10,000 per month,
to Tortoise Capital Advisors, L.L.C., for office space, utilities and secretarial and administrative support, pursuant to an Administrative
Support Agreement, dated July 19, 2021; reimbursement for any reasonable out-of-pocket expenses related to identifying, investigating,
negotiating and consummating an initial Business Combination; and repayment of loans, if any, and on such terms as to be determined by
the Company from time to time, made by the Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors
to finance transaction costs in connection with an intended initial Business Combination, provided, that, if the Company does not
consummate an initial Business Combination, a portion of the working capital held outside the Trust Account may be used by the Company
to repay such loaned amounts so long as no proceeds from the Trust Account are used for such repayment. Up to $1,500,000 of such loans
may be convertible into warrants at a price of $1.50 per warrant at the option of the lender. Such warrants shall be identical to the
Private Placement Warrants, including as to exercise price, exercisability and exercise period.


 


10. The
Sponsor, TortoiseEcofin Borrower and each Insider has full right and power, without violating any agreement to which it, he or she is
bound (including, without limitation, any non-competition or non-solicitation agreement with any employer or former employer), to enter
into this Letter Agreement and, as applicable, to serve as a director on the board of directors of the Company and each Insider hereby
consents to being named in the Prospectus as an officer and/or director of the Company, as applicable.


 


11. As
used herein, (i) “Business Combination” shall mean a merger, amalgamation, share exchange, asset acquisition,
share purchase, reorganization or similar business combination, involving the Company and one or more businesses or entities; (ii) “Founder
Shares” shall mean the Class B Ordinary Shares held by the Sponsor, the Company’s independent directors and any other
holder prior to the consummation of the Public Offering; (iii) “Private Placement Warrants” shall mean the warrants
to purchase 6,333,333 Class A Ordinary Shares (or 6,933,333 Class A Ordinary Shares if the Underwriters’ over-allotment option in
connection with the Public Offering is exercised in full), that TortoiseEcofin Borrower has agreed to purchase for an aggregate purchase
price of approximately $9,500,000 (or approximately $10,400,000 if the Underwriters’ over-allotment option in connection with the
Public Offering is exercised in full), or $1.50 per warrant, in a private placement that shall occur simultaneously with the consummation
of the Public Offering; (iv) “Public Shareholders” shall mean the holders of securities issued in the Public
Offering; and (v) “Trust Account” shall mean the trust fund into which a portion of the net proceeds of the
Public Offering shall be deposited.


 


12. This
Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and
supersedes all prior understandings, agreements or representations by or among the parties hereto, written or oral, to the extent they
relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended,
modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed
by all parties hereto. Each of the parties hereto hereby acknowledges and agrees that each of Barclays Capital Inc. and Goldman Sachs
& Co. LLC, on behalf of the Underwriters, is a third-party beneficiary of this Letter Agreement.


 


13. No
party hereto may assign either this Letter Agreement or any of its rights, interests or obligations hereunder without the prior written
consent of the other parties. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate
to transfer or assign any interest or title to the purported assignee. This Letter Agreement shall be binding on the Sponsor, TortoiseEcofin
Borrower, each Insider and each of their respective successors, heirs and assigns and permitted transferees.


 






    	 	5	 



     


    

 


14. This
Letter Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving
effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The parties
hereto (i) all agree that any action, proceeding, claim or dispute arising out of, or relating in any way to, this Letter Agreement shall
be brought and enforced in the courts of the State of New York located in the City and County of New York, Borough of Manhattan, and irrevocably
submit to such jurisdiction and venue, which jurisdiction and venue shall be exclusive and (ii) waive any objection to such exclusive
jurisdiction and venue or that such courts represent an inconvenient forum.


 


15. Any
notice, consent or request to be given in connection with any of the terms or provisions of this Letter Agreement shall be in writing
and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or
facsimile transmission.


 


16. This
Letter Agreement shall terminate on the earlier of (i) the expiration of the Lock-up or (ii) the liquidation of the Company; provided,
however, that this Letter Agreement shall earlier terminate in the event that the Public Offering is not consummated and closed by
August 9, 2021, provided further that paragraph 4 of this Letter Agreement shall survive such liquidation.


 


[Signature Page Follows]


 




    	 	6	 



     


    

 


	 	Sincerely,
	 	 
	 	TORTOISEECOFIN SPONSOR III LLC
	 	By: TORTOISEECOFIN BORROWER LLC, its managing member
	 	 
	 	By:	/s/ Michelle Johnston     
	 	Name: 	Michelle Johnston
	 	Title:	Chief Financial Officer
	 	 	 
	 	TORTOISEECOFIN BORROWER LLC
	 	 	 
	 	By:	/s/ Michelle Johnston
	 	Name:	Michelle Johnston
	 	Title:	Chief Financial Officer


 


	 	INSIDERS:
	 	 
	 	/s/ Vincent T. Cubbage
	 	Vincent T. Cubbage
	 	 
	 	/s/ Stephen Pang
	 	Stephen Pang
	 	 
	 	/s/ William J. Clinton
	 	William J. Clinton
	 	 
	 	/s/ Juan J. Daboub
	 	Juan J. Daboub
	 	 
	 	/s/ Mary Beth Mandanas
	 	Mary Beth Mandanas
	 	 
	 	/s/ Steven C. Schnitzer
	 	Steven C. Schnitzer
	 	 
	 	/s/ Darrell Brock, Jr.
	 	Darrell Brock, Jr.
	 	 
	 	/s/ Evan Zimmer
	 	Evan Zimmer


 


[Signature Page to Letter Agreement]


 




     


     


    

 


	Acknowledged and Agreed:	 
	 	 
	TORTOISEECOFIN ACQUISITION CORP. III	 
	 	 	 
	By:	/s/ Vincent T. Cubbage	 
	Name: 	Vincent T. Cubbage	 
	Title:	Chief Executive Officer	 


 


[Signature Page to Letter Agreement]