Amendment to Promissory Note Between FinTech Acquisition Corp. V and FinTech Masala, LLC (October 26, 2021)
This amendment, dated October 26, 2021, is between FinTech Acquisition Corp. V and FinTech Masala, LLC. It modifies a previous promissory note dated September 15, 2021, for up to $750,000. The amendment specifically changes Section 4 of the original note, replacing it with the statement "Intentionally Omitted." All other terms of the original note remain unchanged. Both parties have agreed to these changes and have signed the amendment.
Exhibit 10.1
AMENDMENT TO PROMISSORY NOTE
THIS AMENDMENT TO PROMISSORY NOTE (this “Amendment”) is dated as of the 26th day of October, 2021 and is made by and between FinTech Acquisition Corp. V (“Maker”) and FinTech Masala, LLC (“Payee”).
RECITALS
| A. | Maker executed that certain Promissory Note dated September 15, 2021 in the principal sum of up to Seven Hundred Fifty Thousand dollars ($750,000) (the “Note”). |
| B. | Maker and Payee have agreed to make certain amendments to the Note. |
| C. | Unless otherwise set forth herein, all other provisions of the Note shall remain in full force and effect. |
| D. | All capitalized terms not defined in this Amendment will have the meanings given to them in the Note. |
In consideration of these promises, the mutual covenants contained in this Amendment and other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the parties agree as follows:
1. Section 4 of the Note is hereby amended and restated in its entirety to read as follows:
“Intentionally Omitted.”
[SIGNATURES APPEAR ON FOLLOWING PAGE]
IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed as of the date first above written.
| MAKER: | ||
| FINTECH ACQUISITION CORP. V | ||
| By: | /s/ James J. McEntee, III | |
| Name: | James J. McEntee, III | |
| Title: | President | |
| PAYEE: | ||
| FINTECH MASALA, LLC | ||
| By: | /s/ Mehar Jagota | |
| Name: | Mehar Jagota | |
| Title: | Chief Operating Officer | |
