Commitment Letter Between Ajax I and Daniel S. Och for Unsecured, Non-Interest Bearing Loan Facility
This agreement is between Ajax I and Daniel S. Och. Daniel S. Och commits to provide loans up to $1,182,555 to Ajax I, upon the company's request, through October 1, 2022. The loans are unsecured, non-interest bearing, and must be repaid if Ajax I completes a business combination. If no business combination occurs, the loans will be forgiven unless the company has funds outside its trust account. This letter outlines the terms and conditions for this financial support.
Exhibit 10.2
Daniel S. Och
10 Bank Street, Suite 1120
White Plains, New York 10606
August 4, 2021
This letter is to confirm the undersigned’s commitment that, through October 1, 2022 if funds are needed by Ajax I (the “Company”) and upon request by the Company, the undersigned will provide loans of up to an aggregate of $1,182,555.00 to the Company. These loans will be non-interest bearing, unsecured and will be repaid upon the consummation of a business combination. The undersigned understands that if the Company does not consummate a business combination (as described in the Company’s prospectus, dated October 27, 2020), all amounts loaned to the Company hereunder will be forgiven except to the extent that the Company has funds available to it outside of its trust account established in connection with the Company’s initial public offering.
| /s/ Daniel S. Och | |
| Daniel S. Och |
