Exhibit
10.6


 


Globis
Acquisition Corp 


December
7, 2020


Globis
SPAC LLC


805
3rd Ave., 15th Floor


New
York, NY 10022


 


RE:
Amendment No. 1 to Subscription Agreement for Founder Shares


 


Ladies
and Gentlemen:


 


This
Amendment No. 1 (this “Amendment”) is made to that certain Subscription Agreement (the “Subscription
Agreement”), dated as of September 1, 2020 by and between Globis Acquisition Corp., a Delaware corporation (the
“Company”), and Globis SPAC LLC (the “Subscriber”). Capitalized terms used
herein and not otherwise defined herein shall have the meanings attributed to such terms in the Subscription Agreement.


 


Each
of the Company and the Subscriber desires to amend the Subscription Agreement as set forth herein. In consideration of the mutual
covenants and agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged and confessed, the parties hereto agree to the following:


 


1.
Section 1 is amended by adding the following language to the end of Section 1:


 


Upon
the effective date of the registration statement for the initial public offering of the Company, the Company is authorized to
and shall deposit the Founder Shares into escrow pursuant to the Escrow Agreement to be entered between the Company and the Company’s
transfer agent.


 


2.
Section 3.1 is amended and restated as follows:


 


3.1.
Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the underwriters of the
IPO is not exercised in full, the Subscriber acknowledges and agrees that it (and, if applicable, any transferee of Shares) shall
automatically forfeit at the time such Over-allotment Option expires (or earlier if the underwriters of the IPO waive their ability
to exercise such Over-allotment Option) any and all rights to such number of Founder Shares (up to an aggregate of 375,000 Founder
Shares and pro rata based upon the percentage of the Over-allotment Option exercised) determined by multiplying (a) 375,000 by
(b) a fraction, (i) the numerator of which is 1,500,000 minus the number of shares of Common Stock included in the Units purchased
by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 1,500,000.


 


3.
Except as specifically amended herein, the Subscription Agreement shall continue in full force and effect in accordance with its
original terms.


 


4.
This Amendment may be executed in any number of counterparts, and by the different parties on different counterpart signature
pages, all of which taken together shall constitute one and the same agreement. Delivery of executed counterparts of this Amendment
by telecopy or by e-mail transmission of an Adobe portable document file (also known as a “PDF” file) shall be effective
as originals. This Amendment shall be governed by the internal laws of the State of New York.


 


[Signature
Page Follows]


 




    	 



     


    

 


If
the foregoing accurately sets forth our understanding and agreement, please sign the enclosed copy of this Amendment and return
it to us.


 


	 	Very
    truly yours,
	 	 
	 	GLOBIS
    ACQUISITION CORP.
	 	 
	 	 /s/
    Paul Packer 
	 	Paul
    Packer
	 	Chief
    Executive Officer, Chief Financial 
	 	Officer and Secretary


 


Accepted and agreed this 7th day of December,
2020.


 


	GLOBIS
    SPAC LLC	 
	 	 	 
	 /s/ Paul Packer 	 
	Name:
    	Paul
    Packer	 
	Title:
    	Manager	 


 


Signature
Page to Subscription Agreement for Founder Shares