exhibit 10. 1 july 3, 2023 by e - mail : * * * @ * * * arrival 60a, rue des bruyeres, l - 1274 howald, grand duchy of luxembourg attention : daniel chin ladies and gentlemen : reference is made to the business combination agreement dated as of april 6, 2023 ( the “ bca ” ) between kensington capital acquisition corp. v, a cayman islands exempted company incorporated with limited liability ( “ kcompany ” ), and arrival, a joint stock company ( societe anonyme ) governed by the laws of the grand duchy of luxembourg having its registered office at 60a, rue des bruyeres, l - 1274 howald, grand duchy of luxembourg and registered with the luxembourg register of commerce and companies under number b248209 ( the “ company ” ). capitalized terms used but not defined herein have the meanings assigned to them in the bca. kcompany and company hereby agree that pursuant to section 9. 01 ( a ) of the bca, the transactions are abandoned and the bca is terminated, effective immediately. notwithstanding anything to the contrary in the bca, kcompany hereby irrevocably and unconditionally waives all claims or causes of action against the company and its non - party affiliates ( as defined below ) and releases the company and its respective non - party affiliates from any and all obligations, liabilities, losses or issues of whatsoever kind of nature, in each case, whether in contract or in tort, in law or in equity or otherwise, or granted by statute or otherwise, whether by or through attempted piercing of the corporate, limited partnership or limited liability company veil or any other theory or doctrine, including alter ego or otherwise, whether accrued or unaccrued, whether known or unknown, whether asserted or unasserted, whether suspected or unsuspected, whether disclosed or undisclosed, that have been or could have been, could now be, or could in the future be based upon, in respect of, arise under, out or by reason of, be connected with, or relate in any manner to the bca or any other transaction document, or the negotiation, execution, or performance or non - performance of the bca or any other transaction document ( including any representation or warranty made in, in connection with, or as an inducement to, the bca or any other transaction document )