Amendment No. 3 Promissory Note, dated October 13, 2021, issued by the Company to Globis SPAC LLC

Contract Categories: Business Finance - Note Agreements
EX-10.1 2 ex10-1.htm

 

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