Document:

Exhibit 10.6

 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS NOTE HAS
BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF
UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE MAKER THAT SUCH REGISTRATION
IS NOT REQUIRED.

 

PROMISSORY NOTE

 

January 15, 2021

 

$300,000

No. A-1 

 

FTAC Parnassus Acquisition Corp. (the “Maker”)
promises to pay to the order of FTAC Parnassus Sponsor, LLC (the “Payee”) the principal sum of up to Three Hundred
Thousand ($300,000) in lawful money of the United States of America, on the terms and conditions described below.

 

1. Principal. The principal balance of this Note shall be repayable on earlier of (the “Maturity Date”)
(a) the date on which Maker consummates its initial public offering (“IPO”) and (b) June 30, 2021.

 

2. Interest. This Note shall bear no interest.

 

3. Application of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection
of any sum due under this Note, including (without limitation) reasonable attorneys’ fees, then to the payment in full of
any late charges and finally to the reduction of the unpaid principal balance of this Note.

 

4. Events of Default. The following shall constitute Events of Default:

 

(a) Failure
to Make Required Payments. Failure by Maker to pay the principal of, or other payments on, this Note within five (5) business
days following the date when due.

 

5. Remedies.

 

(a) Upon
the occurrence of an Event of Default specified in Section 4(a), Payee may, by written notice to Maker, declare this Note to be
due and payable, whereupon the principal amount of this Note, and all other amounts payable under this Note, shall become immediately
due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything
contained herein or in the documents evidencing the same to the contrary notwithstanding.

 

6. Waivers. Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand,
notice of dishonor, protest, and notice of protest with regard to this Note, all errors, defects and imperfections in any proceedings
instituted by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future
laws exempting any property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment,
levy or sale under execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment;
and Maker agrees that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof, on any writ of
execution issued hereon, may be sold upon any such writ in whole or in part in any order desired by Payee.

 

7. Unconditional Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default,
or enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability
of any other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification
granted or consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may
be granted by Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers,
guarantors, or sureties may become parties hereto without notice to them or affecting their liability hereunder.

 

     

     

    

 

8. Notices. Any notice called for hereunder shall be deemed properly given if (i) sent by certified mail, return receipt requested,
(ii) personally delivered, (iii) dispatched by any form of private or governmental express mail or delivery service providing receipted
delivery, (iv) sent by facsimile or (v) sent by e-mail, to the following addresses or to such other address as either party may
designate by notice in accordance with this Section:

 

If to Maker:

 

FTAC Parnassus Acquisition
Corp.

2929 Arch Street,
Suite 1703

Philadelphia, PA 19104

Attention: Ryan M.
Gilbert

Email: rgoffice@gmail.com

 

If
to Payee:

 

FTAC General Sponsor,
LLC

2929 Arch Street,
Suite 1703

Philadelphia, PA 19104

Attention: Daniel
G. Cohen

Email: dcohen@cohenandcompany.com

 

Notice shall be deemed given on the earlier of (i) actual receipt
by the receiving party, (ii) the date shown on a telefacsimile transmission confirmation, (iii) the date on which an e-mail transmission
was received by the receiving party’s on-line access provider, (iv) the date reflected on a signed delivery receipt, or (vi)
two (2) business days following tender of delivery or dispatch by express mail or delivery service.

 

9. Construction. THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.

 

10. Severability. Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions
hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction.

 

11. Trust Waiver. Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest
or claim of any kind (“Claim”) in or to any distribution of the trust account (other than interest
income earned on such trust account) in which will be deposited the proceeds of Maker’s IPO and the proceeds of the sale
of the securities issued in a private placement to be consummated concurrently with the completion of the Maker’s IPO, and
hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the trust account (other than
interest income earned on such trust account) for any reason whatsoever.

 

12. Amendment; Waiver. Any amendment hereto or waiver of any provision hereof may be made with, and only with, the
written consent of the Maker and the Payee.

 

13. Assignment. No assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto
(by operation of law or otherwise) without the prior written consent of the other party hereto and any attempted assignment without
the required consent shall be void.

 

 

[Signature Page Follows]

 

    2

     

    

 

IN WITNESS WHEREOF, Maker, intending to
be legally bound hereby, has caused this Note to be duly executed the day and year first above written.

 

		FTAC PARNASSUS ACQUISITION CORP. 
	 	 	 
	 	By: 	Ryan
    M. Gilbert
	 	Name: 	Ryan M. Gilbert
	 	Title:	President and Chief Executive Officer

 

 

[Signature Page – FTAC Parnassus
Promissory Note Pre-IPO]

 

    3Exhibit 4.1

 

SPECIMEN CLASS A
ORDINARY SHARE CERTIFICATE 

 

	
        NUMBER ___________ 
	 	SHARES

 

KISMET ACQUISITION
THREE CORP.

 

INCORPORATED
UNDER THE LAWS OF THE CAYMAN ISLANDS

 

CLASS A
ORDINARY SHARES

 

	 	SEE REVERSE FOR

CERTAIN DEFINITIONS

 

	This Certifies that	CUSIP G52807 107
	 	 
	is the owner of	 

 

FULLY PAID
AND NON-ASSESSABLE CLASS A ORDINARY SHARES OF THE PAR VALUE OF US $0.001

 

KISMET ACQUISITION
Three CORP. (the “company”)

 

transferable on the books of the
Company in person or by duly authorized attorney upon surrender of this certificate properly endorsed.

The Company will be forced to liquidate and redeem all of the Class A ordinary shares sold in its initial public offering if it
is unable to complete an initial business combination within the time period set forth in the Company’s Memorandum and Articles
of Association, as the same may be amended from time to time, all as more fully described in the Company’s final prospectus
dated , 2021.

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

Witness the facsimile signature of a director of the Company.

 

Dated:

 

	 	 	
         

         

        Cayman Islands
	 	 
	 	[TITLE]	 	 

 

     

     

    

 

Kismet Acquisition
Three Corp.

 

The Company will furnish
without charge to each shareholder who so requests the powers, designations, preferences, and relative, participating, optional,
or other special rights of each class of shares or series thereof of the Company and the qualifications, limitations, or restrictions
of such preferences, and/or rights. This certificate and the shares represented thereby are issued and shall be held subject to
all the provisions of the Company’s Memorandum and Articles of Association and all amendments thereto and resolutions of
the Board of Directors providing for the issue of Class A ordinary shares (copies of which may be obtained from the secretary of
the Company), to all of which the holder of this certificate by acceptance hereof assents. 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	under Uniform Gifts to Minors
	 	and not as tenants in common	Act _______________
	 	 	(State)

 

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

 

    2

     

    

 

For value received,
___________________________ hereby sell, assign and transfer unto

 

	
        PLEASE INSERT SOCIAL SECURITY OR OTHER

        IDENTIFYING NUMBER(S) OF ASSIGNEE(S)
	 
	 	 
	 	 

 

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

 

shares represented by the within Certificate,
and does hereby irrevocably constitute and appoint

 

	 	Attorney

 

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

 

	Dated	 	
	 	Shareholder	 

 

	 	 
	 	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:

 

	By:	 	 
	 	 	 

 

	THE SIGNATURE(S) SHOULD 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).

 

In
each case, as more fully described in the Company’s final prospectus 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 its initial public offering only in the event (i) the Company redeems the Class A ordinary
shares sold in its initial public offering and liquidates because it does not complete an initial business combination within the
period of time set forth in the Company’s amended and restated memorandum and articles of association, (ii) the Company redeems
the Class A ordinary shares sold in its initial public offering in connection with a shareholder vote to amend the Company’s
amended and restated memorandum and articles of association (a) to modify the substance or timing of the Company’s obligation
to redeem 100% of the Class A ordinary shares if it does not complete an initial business combination within the time period set
forth therein or (b) with respect to any other provisions relating to the rights of holders of the Company’s Class A ordinary
shares or pre-initial business combination activity, or (iii) if the holder(s) seek(s) to redeem for cash his, her or its respective
Class A ordinary shares in connection with a tender offer (or proxy solicitation, solely in the event the Company seeks shareholder
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.

 

 

3

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