Amendment to Promissory Note issued to Andretti Sponsor II LLC
Exhibit 10.8
THE PROMISSORY NOTE TO WHICH THIS AMENDMENT RELATES HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). SUCH PROMISSORY NOTE, AS AMENDED, HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.
AMENDMENT NO. 1 TO PROMISSORY NOTE
| Principal Amount: | up to $400,000 (consisting of the principal amount of $300,000 and an additional principal amount of $100,000) | Dated as of July 16, 2024 |
(as set forth on the Schedule of Borrowings attached hereto)
Andretti Acquisition Corp. II, a Cayman Islands exempted company and blank check company (the “Maker”), hereby amends its promissory note dated as of May 21, 2024 (the “Note”) to increase the principal amount that it promises to pay to the order of Andretti Sponsor II LLC, a Delaware limited liability company, or its registered assigns or successors in interest (the “Payee”), from the principal sum of up to Three Hundred Thousand Dollars ($300,000) to the principal sum of up to Four Hundred Thousand Dollars ($400,000) (as set forth on the Schedule of Borrowings attached hereto) in lawful money of the United States of America.
All of the other terms of the Note remain unchanged and in effect.
[Signature page follows]
IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this amendment No. 1 to be duly executed by the undersigned as of the day and year first above written.
| ANDRETTI ACQUISITION CORP. II | ||
| /s/ William Brown | ||
| Name: | William Brown | |
| Title: | Chief Executive Officer | |
[Signature Page to Amendment to Promissory Note]
SCHEDULE OF BORROWINGS
The following increases or decreases in the Note have been made:
| Date of Increase or Decrease | Amount of decrease in Principal Amount of the Note | Amount of increase in Principal Amount of the Note | Principal Amount of the Note following such decrease or increase | |||||||
| July 16, 2024 | NA | $ | 100,000 | $ | 400,000 | |||||
[Schedule of Borrowings to Amendment to Promissory Note]
