Amendment No. 3 Promissory Note, dated October 13, 2021, issued by the Company to Globis SPAC LLC
Exhibit 10.1
GLOBIS ACQUISITION CORP.
AMENDMENT NO. 3 PROMISSORY NOTE
THIS AMENDMENT NUMBER 3 OF NOTE (this “Amendment”) is entered into effective as of October 13, 2021, by Globis Acquisition Corp., a Delaware corporation (“Maker”), and Globis SPAC LLC, a Delaware limited liability company (“Globis SPAC”), or its designees.
RECITALS:
WHEREAS that certain Promissory Note, dated January 11, 2021, in the original principal amount of $1,000,000.00 (the “Note”) executed by Maker payable to Globis SPAC; and
WHEREAS the Note was amended by Amendment No. 2 on July 19, 2021 to increase the principal amount of the Note to $2,000,000; and
WHEREAS the parties desire to further amend the Note to increase the principal amount of the Note to $3,000,000, and each party acknowledges the mutual benefit of so amending the Note;
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
1. The Principal Amount of the Note is hereby increased to $3,000,000.
All other terms of the Note, as amended, shall remain in full force and effect.
[Signature Page Follows]
1 |
EXECUTED as of the day and year first above written.
GLOBIS ACQUISITION CORP. | ||
a Delaware corporation | ||
By: | /s/ Paul Packer | |
Name: | Paul Packer | |
Title: | Chief Executive Officer and Chief Financial Officer | |
GLOBIS SPAC LLC | ||
a Delaware limited liability company | ||
By: | /s/ Paul Packer | |
Name: | Paul Packer | |
Title: | Manager |
SIGNATURE PAGE TO AMENDMENT NO. 3 TO PROMISSORY NOTE