Document:

Exhibit
10.12

 

PROMISSORY
NOTE

 

	$265,958.00	June
    25, 2021

 

FOR
VALUE RECEIVED, EZFILL HOLDINGS, INC., a Delaware corporation having an address of 2125 Biscayne Blvd, #309, Miami, Florida
33137 (the “Borrower”), hereby promises to pay to the order of, the Farkas Group, Inc. a Florida company having an
address of 407 Lincoln Road, Ste 701, Miami Beach, Fl. 33139 (the “Lender”), at Lender’s offices, or such other
place as Lender shall designate in writing from time to time, the principal sum of $265,958.00 (the “Loan”), in US
Dollars, together with interest thereon as hereinafter provided.

 

1.
ORIGINAL ISSUE DISCOUNT. The Borrower agrees that the funding of the Loan shall be made by the Lender with original issue
discount in an amount equal to 6% of the aggregate original principal amount of the Loan (i.e. $15,958).

 

2.
INTEREST RATE. The unpaid principal balance of this Promissory Note (the “Note”) from day to day outstanding
shall bear a fixed rate of interest equal to 1% per month. All interest will accrue until the Maturity Date.

 

3.
PAYMENT OF PRINCIPAL AND INTEREST. Unless this Note is otherwise accelerated, or extended in accordance with the terms
and conditions hereof, the entire outstanding principal balance of this Note plus all accrued interest shall be due and payable in full
on December 25, 2021, or upon consummation of Borrowers initial public offering on a US exchange, whichever is sooner (the “Maturity
Date”).

 

4.
APPLICATION OF PAYMENTS. Except as otherwise specified herein, each payment or prepayment, if any, made under this Note
shall be applied to pay late charges, accrued and unpaid interest, principal, , and any other fees, costs and expenses which Borrower
is obligated to pay under this Note.

 

5.
TENDER OF PAYMENT. Payment on this Note is payable on or before 5:00 p.m. on the due date thereof, at the office of Lender
specified above and shall be credited on the date the funds become available, in Lender’s account, in lawful money of the United
States.

 

6.
REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants to Lender as follows:

 

6.2.
Execution of Loan Documents. This Note has been duly executed and delivered by Borrower. Execution, delivery and performance
of this Note will not: (i) violate any contracts previously entered into by Borrower, provision of law, order of any court, agency or
other instrumentality of government, or any provision of any indenture, agreement or other instrument to which he is a party or by which
he is bound; (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature; and (iii) require any authorization,
consent, approval, license, exemption of, or filing or registration with, any court or governmental authority.

 

6.3.
Obligations of Borrower. This Note is a legal, valid and binding obligation of Borrower, enforceable against him in accordance
with its terms, except as the same may be limited by bankruptcy, insolvency, reorganization or other laws or equitable principles relating
to or affecting the enforcement of creditors’ rights generally.

 

6.4.
Litigation. There is no action, suit or proceeding at law or in equity or by or before any governmental authority, agency
or other instrumentality now pending or, to the knowledge of Borrower, threatened against or affecting Borrower or any of its properties
or rights which, if adversely determined, would materially impair or affect: (i) Borrower’s right to carry on its business substantially
as now conducted (and as now contemplated); (ii) its financial condition; or (iii) its capacity to consummate and perform its obligations
under this Note.

 

6.5.
No Defaults. Borrower is not in default in the performance, observance or fulfillment of any of the obligations, covenants
or conditions contained herein or in any material agreement or instrument to which he is a party or by which he is bound.

 

    	 	 	 

    	 

    

 

6.6.
No Untrue Statements. No document, certificate or statement furnished to Lender by or on behalf of Borrower contains any
untrue statement of a material fact or omits to state a material fact necessary in order to make the statements contained herein and
therein not misleading. Borrower acknowledges that all such statements, representations and warranties shall be deemed to have been relied
upon by Lender as an inducement to make the Loan to Borrower.

 

6.7.
Documentary and Intangible Taxes. Borrower shall be liable for all documentary stamp and intangible taxes assessed at the
closing of the Loan or from time to time during the life of the Loan.

 

7.
EVENTS OF DEFAULT. Each of the following shall constitute an event of default hereunder (an “Event of Default”):
(a) the failure of Borrower to pay any amount of principal or interest hereunder with three (3) business days from when it becomes due
and payable; or (b) the occurrence of any other default in any material term, covenant or condition hereunder, and the continuance of
such breach for a period of ten (10) days after written notice thereof shall have been given to Borrower. Borrower shall promptly notify
Lender of the occurrence of any default, Event of Default, adverse litigation or material adverse change in its financial condition.

 

8.
REMEDIES. If an Event of Default exists, Lender may exercise any right, power or remedy permitted by law or as set forth
herein, including, without limitation, the right to declare the entire unpaid principal amount hereof and all interest accrued hereon,
to be, and such principal, interest and other sums shall thereupon become, immediately due and payable.

 

9.
MISCELLANEOUS.

 

9.2.
Disclosure of Financial Information. Lender is hereby authorized to disclose any financial or other information about Borrower
to any regulatory body or agency having jurisdiction over Lender and to any present, future or prospective participant or successor in
interest in any loan or other financial accommodation made by Lender to Borrower, so long as there is a mandatory requirement to provide
such disclosure. The information provided may include, without limitation, amounts, terms, balances, payment history, return item history
and any financial or other information about Borrower.

 

9.3.
Integration. This Note constitutes the sole agreement of the parties with respect to the transaction contemplated hereby
and supersede all oral negotiations and prior writings with respect thereto.

 

9.4.
Borrower’s Obligations Absolute. The obligations of Borrower under this Note shall be absolute and unconditional
and shall remain in full force and effect without regard to, and shall not be released, suspended, discharged, terminated or otherwise
affected by, any circumstance or occurrence whatsoever, including, without limitation:

 

9.4.1.
any renewal, extension, amendment or modification of, or addition or supplement to or deletion from, this Note, or any other instrument
or agreement referred to therein, or any assignment or transfer of any thereof;

 

9.4.2.
any waiver, consent, extension, indulgence or other action or inaction under or in respect of any such agreement or instrument or this
Note;

 

9.4.3.
any furnishing of any additional security to the Borrower or its assignee or any acceptance thereof or any release of any security by
the Lender or its assignee; or

 

9.4.4.
any limitation on any party’s liability or obligations under any such instrument or agreement or any invalidity or unenforceability,
in whole or in part, of any such instrument or agreement or any term thereof.

 

    	 	2	 

    	 

    

 

9.5.
No Implied Waiver. Lender shall not be deemed to have modified or waived any of its rights or remedies hereunder unless
such modification or waiver is in writing and signed by Lender, and then only to the extent specifically set forth therein. A waiver
in one event shall not be construed as continuing or as a waiver of or bar to such right or remedy in a subsequent event. After any acceleration
of, or the entry of any judgment on, this Note, the acceptance by Lender of any payments by or on behalf of Borrower on account of the
indebtedness evidenced by this Note shall not cure or be deemed to cure any Event of Default or reinstate or be deemed to reinstate the
terms of this Note absent an express written agreement duly executed by Lender and Borrower.

 

9.6.
No Usurious Amounts. Notwithstanding anything herein to the contrary, it is the intent of the parties that Borrower shall
not be obligated to pay interest hereunder at a rate which is in excess of the maximum rate permitted by law (the “Maximum Rate”).
If by the terms of this Note, Borrower is at any time required to pay interest at a rate in excess of the Maximum Rate, the rate of interest
under this Note shall be deemed to be immediately reduced to the Maximum Rate and the portion of all prior interest payments in excess
of the Maximum Rate shall be applied to and shall be deemed to have been payments in reduction of the outstanding principal balance,
unless Borrower shall notify Lender, in writing, that Borrower elects to have such excess sum returned to it forthwith. Borrower agrees
that in determining whether or not any interest payable under this Note exceeds the Maximum Rate, any non-principal payment, including,
without limitation, late charges, shall be deemed to the extent permitted by law to be an expense, fee or premium rather than interest.

 

9.7.
Partial Invalidity. The invalidity or unenforceability of any one or more provisions of this Note shall not render any
other provision invalid or unenforceable. In lieu of any invalid or unenforceable provision, there shall be automatically added hereto
a valid and enforceable provision as similar in terms to such invalid or unenforceable provision as may be possible.

 

9.8.
Binding Effect. The covenants, conditions, waivers, releases and agreements contained in this Note shall bind, and the
benefits thereof shall inure to, the parties hereto and their respective heirs, executors, administrators, successors and assigns; provided,
however, that this Note cannot be assigned by Borrower without the prior written consent of Lender, and any such assignment or attempted
assignment by Borrower shall be void and of no effect with respect to Lender.

 

9.9.
Modifications. This Note may not be supplemented, extended, modified or terminated except by an agreement in writing signed
by the party against whom enforcement of any such waiver, change, modification or discharge is sought.

 

9.10.
Sales or Participations. Lender may, from time to time, sell or assign, in whole or in part, or grant participations in,
the Loan, this Note and/or the obligations evidenced thereby. The holder of any such sale, assignment or participation, if the applicable
agreement between Lender and such holder so provides, shall be: (a) entitled to all of the rights, obligations and benefits of Lender;
and (b) deemed to hold and may exercise the rights of setoff or banker’s lien with respect to any and all obligations of such holder
to Borrower, in each case as fully as though Borrower were directly indebted to such holder. Lender may in its discretion give notice
to Borrower of such sale, assignment or participation; however, the failure to give such notice shall not affect any of Lender’s
or such holder’s rights hereunder.

 

9.11.
Jurisdiction; etc. Borrower hereby consents that any action or proceeding against him be commenced and maintained in any
court in Miami-Dade County Florida and Borrower agrees that the courts in Miami-Dade County Florida shall have jurisdiction with respect
to the subject matter hereof and the person of Borrower. Borrower agrees not to assert any defense to any action or proceeding initiated
by Lender based upon improper venue or inconvenient forum.

 

9.12.
Notices. All notices from the Borrower to Lender and Lender to Borrower required or permitted by an provision of this Note
shall be in writing and sent by registered or certified mail or nationally recognized overnight delivery service and addressed to the
address set forth above.

 

Notice
given as hereinabove provided shall be deemed given on the date of its deposit in the United States Mail and, unless sooner actually
received, shall be deemed received by the party to whom it is address on the third (3rd) calendar day following the date on
which said notice is deposited in the mail, or if a courier system is used, on the date of delivery of the notice. The parties may add,
deleted, or alter any address to which notice is to be provided by providing written notice of such change pursuant to the terms of this
section.

 

    	 	3	 

    	 

    

 

9.13.
Governing Law. This Note shall be governed by and construed in accordance with the substantive laws of the State of Florida
without regard to conflict of laws principles.

 

9.14.
Waiver of Jury Trial. BORROWER AND LENDER AGREE THAT, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ANY SUIT, ACTION OR PROCEEDING,
WHETHER CLAIM OR COUNTERCLAIM, BROUGHT BY LENDER OR BORROWER, ON OR WITH RESPECT TO THIS NOTE OR ANY OTHER LOAN DOCUMENT EXECUTED IN
CONNECTION HEREWITH OR THE DEALINGS OF THE PARTIES WITH RESPECT HERETO OR THERETO, SHALL BE TRIED ONLY BY A COURT AND NOT BY A JURY.
LENDER AND BORROWER EACH HEREBY KNOWINGLY, VOLUNTARILY, INTENTIONALLY AND INTELLIGENTLY AND WITH THE ADVICE OF THEIR RESPECTIVE COUNSEL,
WAIVE, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT TO A TRIAL BY JURY IN ANY SUCH SUIT, ACTION OR PROCEEDING. FURTHER, BORROWER
WAIVES ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER, IN ANY SUCH SUIT, ACTION OR PROCEEDING, ANY SPECIAL, EXEMPLARY, PUNITIVE, CONSEQUENTIAL
OR OTHER DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES. BORROWER ACKNOWLEDGES AND AGREES THAT THIS SECTION IS A SPECIFIC AND
MATERIAL ASPECT OF THIS NOTE AND THAT LENDER WOULD NOT EXTEND CREDIT TO BORROWER IF THE WAIVERS SET FORTH IN THIS SECTION WERE NOT A
PART OF THIS NOTE. 

 

Borrower,
intending to be legally bound, has duly executed and delivered this Note as of the day and year first above written.

 

	BORROWER:	 
	 	 
	EzFill
    Holdings, Inc.	 
	 	 	 
	By:	/s/
    Michael McConnell	 
	Name:
    	Michael
    McConnell	 
	Title:	CEO	 

 

    	 	4EX-4.1

 Exhibit 4.1 
  

			
	NUMBER	  	UNITS
	U-	  	

 SEE REVERSE FOR CERTAIN DEFINITIONS 

CUSIP [ ] 
 NAVIGATION
CAPITAL ACQUISITION VIII CORP. 
 UNITS CONSISTING OF ONE SHARE OF CLASS A COMMON STOCK AND
ONE-THIRD OF ONE REDEEMABLE WARRANT, EACH WHOLE WARRANT ENTITLING THE HOLDER TO PURCHASE ONE SHARE OF CLASS A COMMON STOCK 

THIS CERTIFIES THAT is the owner of Units. 

Each Unit (“Unit”) consists of one share of Class A common stock, par value $0.0001 per share (“Common
Stock”), of Navigation Capital Acquisition VIII Corp., a Delaware corporation (the “Company”), and one-third of one redeemable warrant (the
“Warrant”). Each whole Warrant entitles the holder to purchase one share of Common Stock for $11.50 per share (subject to adjustment). Only whole Warrants are exercisable. Each whole Warrant will become exercisable on the
later of (i) thirty (30) days after the Company’s completion of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses (each a
“Business Combination”), and (ii) twelve (12) months from the closing of the Company’s initial public offering, and will expire unless exercised before 5:00 p.m., New York City Time, on the date that is five
(5) years after the date on which the Company completes its initial Business Combination, or earlier upon redemption or liquidation (the “Expiration Date”). The Common Stock and Warrants comprising the Units represented
by this certificate are not transferable separately prior to _____________, 2021, unless Wells Fargo Securities, LLC and Mizuho Securities USA LLC elect to allow separate trading earlier, subject to the Company’s filing of a Current Report on
Form 8-K with the Securities and Exchange Commission containing an audited balance sheet reflecting the Company’s receipt of the gross proceeds of the Company’s initial public offering and issuing a
press release announcing when separate trading will begin. No fractional Warrants will be issued upon separation of the Units. The terms of the Warrants are governed by a Warrant Agreement, dated as of _____________, 2021, between the Company and
Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the
Warrant Agreement are on file at the office of the Warrant Agent at 1 State Street, 30th Floor, New York, New York 10004, and are available to any Warrant holder on written request and without cost. 

This certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar of the Company. 

This certificate shall be governed by and construed in accordance with the internal laws of the State of New York. 

Witness the facsimile signature of a duly authorized signatory of the Company. 

 

			
	  
	  	  

	 Authorized Signatory
 Name:

Title:
	  	Transfer Agent

 Navigation Capital Acquisition VIII Corp. 

The Company will furnish without charge to each unitholder who so requests, a statement of the powers, designations, preferences and relative,
participating, optional or other special rights of each class of equity or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights. 

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

															
	TEN COM	  	—	  	as tenants in common	  	UNIF GIFT MIN ACT	  	—	  	  
	  	Custodian	  	  

	TEN ENT	  	—	  	as tenants by the entireties	  		  	(Cust) (Minor)
	JT TEN	  	—	  	as joint tenants with right of survivorship and not as tenants in common	  		  		  	under Uniform Gifts to Minors Act

  

			
		 	(State)

 Additional abbreviations may also be used though not in the above list. 

For value received, hereby sell, assign and transfer unto 

(PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE) 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) 

Units represented by the within Certificate, and do hereby irrevocably constitute and appoint 

Attorney to transfer the said Units on the books of the within named Company with full power of substitution in the premises. 

 

			
	Dated	  	  

		  	Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.
	 Signature(s) Guaranteed:
	  	
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C.
RULE 17Ad-15 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (OR ANY SUCCESSOR RULE)).	  	

 As more fully described in, and subject to the terms and conditions described in, the Company’s final
prospectus for its initial public offering dated _____________, 2021, the holder(s) of this certificate shall be entitled to receive a pro rata portion of certain funds held in the trust account established in connection with the Company’s
initial public offering only in the event that (i) the Company redeems the shares of Common Stock sold in the Company’s initial public offering and liquidates because it does not consummate an initial business combination by the date set
forth (the “Last Date”) in the Company’s Amended and Restated Certificate of Incorporation, as the same may be amended from time to time (the “Charter”), (ii) the Company redeems the shares of Common Stock sold in its
initial public offering properly submitted in connection with a stockholder vote to amend the Charter to modify the substance or timing of the Company’s obligation to redeem 100% of the Common Stock if it does not consummate an initial business
combination by the Last Date or with respect to any other material provisions relating to stockholders’ rights or pre-initial business combination activity, or (iii) if the holder(s) seek(s) to
redeem for cash his, her or its respective shares of Common Stock in connection with a tender offer (or proxy solicitation, solely in the event the Company seeks stockholder approval of the proposed initial business combination) setting forth the
details of a proposed initial business combination. In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust account. 

  
 2

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