Amendment to Promissory Note and Commitment Letter between Goal Acquisitions Corp. and Goal Acquisitions Sponsor LLC
Goal Acquisitions Sponsor LLC agrees to provide up to $300,000 in loans to Goal Acquisitions Corp. to cover working capital needs until the company either completes its first business combination or is liquidated. Loans will be documented by promissory notes, are interest-free, and must be repaid upon completion of a business combination, or can be converted into company warrants at $1.50 per warrant. If no business combination occurs, the loans will be forgiven.
Exhibit 10.1
AMENDMENT TO PROMISSORY NOTE
DATED NOVEMBER 24, 2020
May 27, 2021
Goal Acquisitions Corp.
13001 W. Hwy 71, Suite 201
Austin Texas 78738
Re: Commitment Letter
Mr. Duffy
This is to confirm our agreement and commitment that, until the earlier of the consummation by Goal Acquisitions Corp. (the “Company”) of an initial business combination or the Company’s liquidation , Goal Acquisitions Sponsor LLC (or its designee) will provide the Company with loans in such amounts as may be required by the Company from time to time to fund the Company’s working capital requirements, up to an aggregate of Three Hundred Thousand Dollars ($300,000, (increased from the current commitment of $200,000 of which $175,551 is currently outstanding). Each such loan would be evidenced by a promissory note, and would be payable upon consummation of the Company’s initial business combination, without interest, or, at the holder’s discretion, would be convertible into warrants of the Company at a price of $1.50 per warrant. If the Company does not complete a business combination, any such loans will be forgiven.
Very truly yours,
| /s/ Alex Greystoke | |
| Print Name: Alex Greystoke | |
| Goal Acquisitions Sponsor LLC |
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