Commitment Letter for Unsecured, Non-Interest Bearing Loan between Ajax I and Glenn Fuhrman (August 2021)
This agreement is a commitment letter from Glenn Fuhrman to Ajax I, confirming that he will provide loans up to $467,445 to the company upon request through October 1, 2022. The loans are unsecured, non-interest bearing, and will be repaid only if Ajax I completes a business combination. If no business combination occurs, the loans will be forgiven unless the company has available funds outside its trust account.
Exhibit 10.3
Glenn Fuhrman
c/o Virtru PE LLC
640 Park Avenue, 11th Floor
New York, New York 10065
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 $467,445.00 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/ Glenn Fuhrman | |
| Glenn Fuhrman |
