Document:

EXHIBIT 10.14

 

FIRST AMENDED AND RESTATED EMPLOYMENT
AGREEMENT

 

This First Amended and Restated
Employment Agreement (“the Agreement”), together with all other documents herein referred to, forms your Terms and Conditions
of Employment and sets out particulars of the terms on which of Esportsbook Technologies Limited (“the Company”), having its
registered office at 1 Terenure Place, Terenure, Dublin 6W, Ireland, employs Jim Purcell (hereinafter “you’ and / or “Employee”)
as employee.

 

The Agreement constitutes the
written statement of your terms and conditions of employment which the Company is required to give you under Section 3 of the Terms of
Employment (Information) Act, 1994, together with any documentation which may be produced and distributed from time to time by or for
and on behalf of the Company and which is stated as being contractually binding on you.

 

This First Amended and Restated
Agreement of Employment Terms shall supersede and replace in full that certain Employment Agreement entered by and between the parties
effective as of March 18, 2021 (“Original Agreement”). In the case of any inconsistency between the Agreement and any documentation
referred to therein (including the Original Agreement), the Agreement shall prevail and supersedes and replaces and earlier statement,
contract, letter or notice (verbal or written) relating to your employment with the Company.

 

 

 

 

 

THE EFFECTIVE DATE

 

Your employment commenced on the
effective date of the Original Agreement and you have been continually employed with the Company as an employee since and shall continue
hereafter based on the terms and conditions stated hereunder until terminated. This Agreement shall be deemed effective as of full execution
hereof (“Effective Date”) and executed as of the mutual date of execution hereinbelow.

 

JOB TITLE

 

You are employed as Chief Financial
Officer (“CFO”) and Managing Director of the Company and as CFO of Esports Technologies, Inc, a Nevada corporation, parent
of Company (“EBET”) and your duties will be as advised by the CEO of EBET. Your duties may be modified from time to time to
suit the needs of the business.

 

APPLICABLE LAW

 

The terms and conditions of your
employment shall be governed by and interpreted in accordance with the laws applicable to the Republic of Ireland and the parties shall
submit to the exclusive jurisdiction of the Courts and Tribunals of Ireland.

 

PLACE OF WORK

 

Your normal place of employment will be working from
your home office at 128b Kimmage Road, Lower Harold’s Cross Dublin D6WNY24. However, you also agree to work at any Company place
of business on a temporary or permanent basis as the Company or the Company may reasonably require. You will also be prepared to undertake
any reasonable travel on business which is deemed necessary by the Company or the Company.

 

 

 

 

    	 	1	 

     

    

 

As this is a homeworking arrangement
you agree to complete a self-certification risk assessment confirmation in respect of the suitability of your home as a workplace and
to comply with the Company’s policy on homeworking. You further agree to notify your home insurance provider that you will be working
from home and to make the necessary amendments to your insurance policy to ensure that the Company is indemnified against any claims in
respect of your homeworking arrangement including but not limited to personal injuries.

 

However, the Company reserves the
right and by signing this agreement you hereby agree to carry out your work, either on a temporary or permanent basis, at such location
as the Company may reasonably require from time to time.

 

The Company reserves the right to change the place of your
employment, in which event you will be given four weeks’ notice.

 

HOURS OF WORK

 

Your normal hours of work are 8
per day, 40 per week, 10.00 a.m. to 6.00 p.m. Monday to Friday. You will receive appropriate unpaid rest breaks depending on the length
of your shift and in accordance with the Organisation of Working Time Act 1997.

 

From time to time, you may be required
to travel and/or work such additional time outside normal core hours as may be required to complete your responsibilities without additional
remuneration, holidays or leave.

 

MINIMUM REST PERIODS

 

As part of your employment, and in accordance with the Organisation
of Working Time Act, if you work more than 4.5 hours you will be entitled to a 15 minute unpaid rest break each day. If you work for more
than six hours you will be entitled to a 30 minute unpaid rest break each day (which may be inclusive of the previous 15 minute break).
As part of your employment you will also be entitled to a daily rest period of 11 consecutive hours in a 24 hour period and a weekly rest
period of 24 consecutive hours per seven days, following a daily rest period. Should you fail to receive your breaks or rest periods you
should notify the CEO or the Company in writing, within one week and they will seek to ensure you are afforded this as soon as possible.
Breaks over and above Minimum entitlements are specified in the ‘Hours of Work’ section and are further set out in the Organisation
of Working Time Act 1997.

 

REMUNERATION

 

You base salary for
so long as you are employed hereunder shall be Two Hundred Thirteen Thousand and Four Hundred Euro (€213,400) per annum as compensation
to be paid in regular payments, in accordance with Employer’s salary payment procedures as in effect from time to time. This salary
has been approved by the Compensation Committee of the Board of Directors of Company (“Committee”) and shall be reviewed from
time to time during the Term of this Agreement by the Committee.

 

Your salary is subject to deduction
of tax, USC, PRSI and any other deductions required by law or provided for under this agreement. In accordance with section 23 of the
National Minimum Wage Act, 2000, you may request a written statement of your average hourly rate of pay for any pay reference period falling
within the previous 12 months. For the purposes of the National Minimum Wage Act, the pay reference period is a calendar month.

 

You are not entitled to payment
for additional hours as this is reflected in your current salary. The Company will ensure at all times that its obligations under National
Minimum Age regulations are met.

 

BENEFITS

 

Your salary
amount includes an additional €1,000 per month health care and benefit stipend, which will be paid with your monthly salary payments.
The company has complete discretion to manage, adjust or withdraw these amounts. This stipend will no longer be made, if the company provides
adequate health care and benefits package to their employees.

 

 

 

 

    	 	2	 

     

    

 

	1.	Option Grant. For the avoidance of doubt and as confirmation
of same, on the effective date of the Original Agreement, you were granted an option, to purchase 280,000 shares of Company common stock
at an exercise price of USD$2.00 per share (the “Option Grant”). The Option Grant has a term of 7 years and vests (provided
Employee remains continuously employed by Company on and does not resign or your employment is terminated prior to each such vesting)
in equal increments of 70,000 each over the four annual anniversary dates commencing after the first full year subsequent to the effective
date of the Original Agreement. The Option Grant has been made pursuant to the Esports Technologies, Inc. 2020 Stock Plan, and shall in
all respects be subject to the terms and conditions of such plan. The Option Grant and any and all shares issued pursuant to any exercise
of same shall be subject at all times to the share restrictions that are outlined in Exhibit A attached hereto.

 

	2.	Bonus Eligibility:

 

	a.	For the avoidance of doubt and confirmation only,
you were paid a cash bonus of €45,000 upon the listing of EBET on the NASDAQ. This bonus event has occurred and said bonus has been
paid in full.

 

	b.	Commencing on the Effective Date hereof, you will
be entitled to a performance bonus of 40% of your base salary based on key performance indicators set by EBET and its Compensation Committee
of the Board of Directors and as the Company and/or Company may in its absolute discretion determine from time to time. The terms of the
bonus plan will be provided by and discussed with the EBET CEO. The Company and/or Company reserve the right to amend the terms of this
bonus structure at its absolute discretion.

 

	3.	RSU Grant: Contemporaneous with the execution of this Agreement, Employee will receive a restricted stock unit award (the “RSU
Grant”) for 20,000 of the Company’s shares of common stock subject to vesting in accordance herewith. The RSU Grant shall
vest in four equal tranches of 5,000 RSU’s each, vesting on each annual anniversary date of this Agreement and commencing on the
Effective Date hereof and for the four annual anniversary dates thereafter and provided Employee is employed on each such vesting date.
The foregoing grant shall be made pursuant to the Company’s 2020 Stock Plan and an RSU Grant Agreement, and shall in all respects
be subject to the terms and conditions of such plan and agreement.

 

The terms of your employment shall
not be affected in any way by your participation or entitlement to participate in any long-term incentive plan or share option scheme.
Except for the above, such schemes and/or plans shall not form part of the terms of your employment (express or implied). In calculating
any payment, compensation or damages on the termination of your employment for whatever reason (whether lawful or unlawful) which might
otherwise be payable to you, no account shall be taken of your participation in any such schemes and/or plans or any impact upon participation
such termination may have. The Company reserves the right to withdraw or vary any such plans or schemes at its absolute discretion and
your participation in any such schemes or plans is a privilege rather than a contractual entitlement.

 

Notwithstanding the foregoing, the vesting of the entirety
of the Option Grant referenced hereinabove will accelerate and occur upon any acquisition or merger transaction whereby a change of control
of the shareholders of EBET occurs. For the avoidance of doubt, the term “change of control” shall mean a change of more than
50% of the beneficial ownership of the total issued and outstanding EBET common stock shares.

 

ANNUAL HOLIDAYS

 

Your holiday year begins on 1st
January and ends on 31st December each year. If you work for at least 1365 hours during the holiday year you will receive a paid holiday
entitlement of five of your working weeks during the complete holiday year. Alternatively you will receive a paid holiday entitlement
of 8% of the total hours worked in the leave year, subject to a maximum of four of your working weeks. You must remain in employment with
the Company for the complete holiday year to avail of the full entitlement.

 

For part years of service your
entitlement will be calculated as 1/52nd of the annual entitlement for each completed week of service during that holiday year.

 

Conditions relating to the taking
of annual holidays are shown in the Employee Handbook to which you should refer.

 

 

 

 

    	 	3	 

     

    

 

PUBLIC HOLIDAYS

 

In addition to the annual holiday
entitlement you are allowed the following public/bank holidays each year with pay or alternative days as decided by us:-

 

	New Year's Day	The first Monday in August
	St Patrick's Day	The last Monday in October
	Easter Monday	Christmas Day
	 The first Monday in
May	St Stephen's Day
	The first Monday in June	  

 

For full time workers there is
no service requirement in respect of benefits for Public Holiday entitlements, for part time workers you must have worked 40 hours in
the preceding five weeks to the Public Holiday to benefit from the Public Holiday entitlement. If you are not required to work on one
of the above days, and it is a day you do not normally work, you will receive one fifth of your last normal weekly wage for that day.
In the event of you working on one of the above days, in addition to basic pay for the hours worked, you will either be paid an additional
days pay calculated on the basis of the number of hours worked on your last working day before the Public Holiday or you will receive
the appropriate time off in lieu, at our discretion. The date when time off in lieu is taken must be mutually agreed with us.

 

JOB FLEXIBILITY

 

It is an express condition of
employment that you are prepared, whenever necessary, to transfer to any alternative departments or duties either on a temporary or permanent
basis within our business. This flexibility is essential as the type and volume of work is always subject to change, and it allows us
to operate efficiently and gain maximum potential from our work force. This may also include performing services for and on behalf of
one or more of the Company's affiliated entities.

 

SICKNESS PAY AND CONDITIONS

 

There is no contractual sickness/injury payments scheme
in addition to state benefit save unless otherwise provided for by Statute.

 

In case of sickness or other incapacity
for work, you must comply with the Company's policy from time to time in force, regarding notification and medical certification. Failure
to do so may result in disciplinary action and/or termination of sick pay (if applicable).

 

The Company reserves the right
to have you medically examined by a doctor and/or medical consultant at any time during employment. By signing this Agreement you agree
that any information or report arising from such examination shall be disclosed to the Company and that the Company is entitled to make
relevant determinations based on the advice of its nominated doctor and/or consultant.

 

Failure to attend at a medical
examination when requested to do so may result in disciplinary action and/or termination of sick pay (if applicable).

 

The Company has issued to you
and will be issuing from time to time an updated Employee Handbook, and Employee agrees to those policies will be part of his agreement
with the Company so long as they do not contradict the terms set forth in this Agreement.

 

NOTICE OF TERMINATION TO BE GIVEN BY THE COMPANY

 

120 days advance notice in writing (Company may elect to
make an up front lump sum payment of Employee salary for said 120 day period upon notice of termination and immediately dismiss Employee
upon payment of same).

 

 

 

 

    	 	4	 

     

    

 

NOTICE OF TERMINATION TO BE GIVEN BY EMPLOYEE

 

Under 13 weeks service - Nil.

13 weeks service or more - 4 weeks.

 

We reserve the contractual right to give pay in lieu of
all or any part of the above notice by either party. Notice will be effective on the day that it is given.

 

If the Company terminates your
employment other than in accordance with its rights, any entitlement to damage for the breach of contract will be assessed on normal common
law principles (including your obligation to mitigate your loss). In the event of notice by either party, the Company may request you
to take "garden leave" and not to attend for work or perform duties during all or part of the notice period. During that time
you will continue to be employed by the Company and continue to owe duties of fidelity and good faith to the Company, but you will no
longer continue to vest into any shares pursuant to any agreements with the Company. You will remain bound by the terms of this Agreement
and shall not be entitled to enter into any other employment.

 

TRAINING AGREEMENT

 

As part of your employment, you
may receive training from external providers from to time. Should your employment with the Company end within one year of receiving such
training you may be required to re- pay the Company a portion of the cost of providing such training. Further details are provided for
in the Training Agreement.

 

NON – DISPARAGEMENT

 

You acknowledge that the Company
and each affiliated entity would be irreparably damaged if you were to take actions that would damage or misappropriate the goodwill of
the Company and/or the affiliated entity. Accordingly, you agree during the Term of Employment and at all times thereafter not to take
any actions or to make, publish or endorse any statements or communications to any third party (whether verbal or in writing) that: (i)
disparage, defame, ridicule, criticize, or are derogatory or otherwise reflect adversely upon, the Company and/or each affiliated entity,
and their respective businesses, services, products (including, without limitation, shows and other media content produced and/or distributed
by the Company and/or each affiliated entity, and the host talent and guests related to such shows and content), managers, directors,
members, contractors or employees (in their capacity as such); and/or (ii) could reasonably be expected to cause injury to the relationships
between the Company and/or each affiliated entity and their respective customers, subscribers, vendors, advertisers, suppliers, distributors,
employees, contractors, consultants or other business associates. The limitations in this paragraph apply to any and all statements and
communications, including, but not limited to, any statements and communications made via websites, blogs, and postings to the Internet,
or e-mail messages, whether or not they are made anonymously or through the use of a pseudonym. However, the limitations in this paragraph
do not apply to truthful statements made in connection with the legal process, governmental testimony or filings, or administrative or
arbitral proceedings (including, without limitation, depositions in connection with such proceedings), or in connection with statutorily
privileged statements made to governmental or law enforcement agencies relating to rights protected under Irish law; provided that when
possible, any public records or filings in connection with such legal process, governmental testimony, filings, administrative or arbitral
proceedings, and statements made to governmental agencies in connection therewith, shall be made on a sealed or other confidential basis
and made subject to a protective order. For the avoidance of doubt, nothing in this Agreement shall prevent you from making a protected
disclosure under the Protected Disclosures Act 2014.

 

PERSONAL RETIREMENT SAVINGS ACCOUNT (PRSA)

 

There is a personal retirement
savings account (PRSA) scheme applicable to your employment, details of which are available separately. The Company does not contribute
to PRSA. The Company does not operate a pension scheme to which you have access.

 

 

 

    	 	5	 

     

    

 

RESTRICTIVE COVENANTS

 

You confirm that you have read,
understood and agree to the terms and conditions of the Restrictive Covenants Agreement which has been provided to you separately.

 

You further confirm that any breach
by you of the provisions of the Restrictive Covenants Agreement will be regarded by the Company as a serious disciplinary matter and may,
if committed while you are employed by the Company, result in disciplinary actions being taken against you up to and including dismissal
without notice.

 

INTELLECTUAL PROPERTY

 

You confirm that you have read,
understood and agree to the terms and conditions of the Restrictive Covenants Agreement which has been provided to you separately.

 

You further confirm that any breach
by you of the provisions of the Restrictive Covenants Agreement will be regarded by the Company as a serious disciplinary matter and may,
if committed while you are employed by the Company, result in disciplinary actions being taken against you up to and including dismissal
without notice.

 

DATA PROTECTION

 

Details of
how and why the Company processes your personal data are contained in the Company's data protection policy and Privacy Notice. You will
be asked to acknowledge receipt of the data protection and Privacy Notice.

 

The Company also has a data protection
policy which is applicable to all employees. For further information on data protection procedures and processes please refer to the data
protection policy.

 

The Company reserves the right
to change, replace or withdraw its data protection policy at any time and you are required to comply with all policies and procedures
in force from time to time. Failure to comply with the data protection policy may lead to disciplinary action, up to and including dismissal.

 

RETIREMENT AGE

 

The normal retirement age in our Company
is in line with State Pension Age.

 

SAFETY

 

We take our obligations regarding
the safety, health and welfare of our employees seriously and in this regard your attention is drawn to our Safety Agreement which is
available on the premises.

 

DEDUCTIONS FROM PAY

 

For the purpose of the Payment
of Wages Act 1991, as amended, the Company shall be entitled to deduct from your salary or other payments due to you any sums which you
may owe to the Company at any time (including but not limited to overpayment of wages, holiday pay, expenses, or sick pay, if applicable).

 

 

 

 

    	 	6	 

     

    

 

You confirm that you have read,
understood and agree to the policies in relation to deductions from pay, and agree that the Company may make deductions in line with the
procedures set out in the Employee Handbook and the Deductions from Pay Agreement.

 

MISCELLANEOUS

 

Unless the context otherwise requires,
words denoting the singular include the plural and words denoting the masculine include the feminine and vice versa.

 

No failure or delay by the Company
in exercising any remedy, right, power of privilege under or in relation to this agreement or at law shall operate as a waiver of the
same nor shall any single or partial exercise of any remedy, right, power or privilege preclude any further exercise of the same or the
exercise of any other remedy, right, power or privilege.

 

This agreement contains the entire
agreement between the parties. All previous agreements, understandings, assurances, statements, promises, warranties, representations
or misrepresentations (whether written or oral) between the parties are superseded by this agreement including the Original Agreement.

 

If any provision of the agreement
should be declared void or unenforceable by a court of administrative body of competent jurisdiction, the validity of the remaining provisions
shall not be affected.

 

The information contained in this
agreement constitutes a written statement of particulars of your employment with the Company in accordance with the requirements of section
3 of the Terms of Employment (Information) Act 1994 to 2014.

 

AMENDMENTS TO TERMS AND CONDITIONS OF EMPLOYMENT

 

The Company reserves the right
to make reasonable amendments to your terms and conditions of employment, and will provide you with 28 days’ notice of any change
coming into effect, taking into account the requirements of the business.

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	7	 

     

    

 

I hereby verify that through signing
this statement of main terms of employment I have read, understood and accept all terms and conditions in relation to my employment with
Esportsbook Technologies, Limited.

 

 

I acknowledge receipt of this statement.

 

 

FOR: Esportsbook Technologies Limited

 

 

 

/s/ Aaron Speach                                                      

Managing Director

 

 

Effective Date: 

 

	SIGNATURE:	/s/ James Purcell	   Employee
	 	 	 
	DATE:	12/22/2021	 

 

 

 

 

 

 

 

    	 	8	 

     

    

 

EXHIBIT A

 

As such, the
undersigned hereby agrees that, the undersigned will not, during the Lock-Up Period (as defined below), (1) offer, pledge, sell, contract
to sell, grant, lend, or otherwise transfer or dispose of, directly or indirectly, the Shares; (2) enter into any swap or other arrangement
that transfers to another, in whole or in part, any of the economic consequences of ownership of the Shares, whether any such transaction
described in clause (1) or (2) above is to be settled by delivery of Shares, in cash or otherwise; or (3) publicly disclose the intention
to make any offer, sale, pledge or disposition, or to enter into any transaction, swap, hedge or other arrangement relating to any Shares.

 

The “Lock-Up Period” shall mean:

 

From and after
the date hereof and until 15 months day after the date the Common Stock is first listed for trading on a national securities exchange
(such first trading day, the “Lock-Up Trigger Date”), the undersigned agrees not to sell, transfer or otherwise dispose
of any Shares.

 

After such
15-month period and until 24 months from the closing of the IPO, such individuals and entities may sell their shares pursuant to the following
criteria:

 

	 	(i)	if our common stock price is over $7.00 per share
for five consecutive trading days then the holder can sell up to 3% of their holdings on a monthly basis, subject to a maximum sale on
any trading day of 3% of the daily volume;

	 	(ii)	if our common stock price is over $10.00 per share
for five consecutive trading days then the holder can sell up to an additional 5% of their holdings on a monthly basis, subject to a maximum
sale on any trading day of 3% of the daily volume; and

	 	(iii)	if our common stock price is over $14.00 per share
then the holder is not restricted from making any sales until such time as our common stock price falls back below $14.00 per share.

 

In addition to the restrictions noted above, the undersigned
will be limited on any trading day to selling less than 3% of the day’s trading volume.

 

The undersigned
also agrees and consents to the entry of stop transfer instructions with the Company’s transfer agent and registrar against the
transfer of the undersigned’s Shares except in compliance with this lock-up agreement. The undersigned understands that in addition
to the lock-up provisions of this agreement, the Shares are also subject to all any restrictions imposed by the Securities Act of 1933,
as amended.

 

The undersigned
understands that the Company relying upon this lock-up agreement in proceeding the Offering. The undersigned further understands that
this lock-up agreement is irrevocable and shall be binding upon the undersigned’s heirs, legal representatives, successors and
assigns.

 

 

	 	 	 
	 	(Name - Please Print)	 
	 	 	 
	 	 	 
	 	(Signature)	 
	 	 	 
	 	 	 
	 	(Name of Signatory, in the case of entities - Please Print)	 
	 	 	 
	 	 	 
	 	(Title of Signatory, in the case of entities - Please Print)	 
	 	 	 
	 	 	 
	 	Address:	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Date: __________________	 

 

 

 

 

 

    	 	9EX-10.9

 Exhibit 10.9 

Execution Version 
 THIS AMENDED AND
RESTATED PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS AMENDED AND RESTATED 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 COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED. 

AMENDED AND RESTATED PROMISSORY NOTE 
  

			
	Principal Amount: $300,000	  	Dated as of December 23, 2021

 WHEREAS, on February 24, 2021, the undersigned Ascendant Mobility Acquisition Corp I, a Cayman Islands
exempted company (the “Maker”), issued that certain Promissory Note (the “Original Promissory Note”) to Ascendant Mobility Sponsor LP, a Cayman Islands limited partnership, or its registered assigns or successors in
interest (the “Payee”); and 
 WHEREAS, the Maker and Payee desire to amend and restate in its entirety the Original
Promissory Note on the terms and conditions provided in this note (the “Amended and Restated Note”). 
 NOW, THEREFORE, in
consideration of the mutual covenants contained herein and other good and valuable consideration, the existence and sufficiency of which is expressly recognized by each of the parties hereto, the parties agree as follows: 

The Maker hereby promises to pay to the order of Payee, or order, the principal sum of Three Hundred Thousand Dollars ($300,000) or such
lesser amount as shall have been advanced by Payee to Maker and shall remain unpaid under this Amended and Restated Note on the Maturity Date (as defined below) in lawful money of the United States of America, on the terms and conditions described
below. All payments on this Amended and Restated Note shall be made by check or wire transfer of immediately available funds or as otherwise determined by the Maker to such account as the Payee may from time to time designate by written notice in
accordance with the provisions of this Amended and Restated Note. 
 1. Principal. The entire unpaid principal balance of this
Amended and Restated Note shall be payable on the earlier of: (i) December 31, 2022 or (ii) the date on which Maker consummates an initial public offering (the “IPO”) of its securities (such earlier date, the
“Maturity Date”). The principal balance may be prepaid at any time. Under no circumstances shall any individual, including but not limited to any officer, director, employee or shareholder of the Maker, be obligated personally for
any obligations or liabilities of the Maker hereunder. 
 2. Interest. No interest shall accrue on the unpaid principal balance of
this Amended and Restated Note. 
 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 Amended and Restated Note, including (without limitation) reasonable attorney’s fees, then to the payment in full of any late charges and finally to the reduction of the unpaid principal
balance of this Amended and Restated Note. 
 4. Events of Default. The following shall constitute an event of default
(“Event of Default”): 
  

	 	(a)	 Failure to Make Required Payments. Failure by Maker to pay the principal amount due pursuant to this
Amended and Restated Note within five (5) business days of the date specified above. 

 (b) Voluntary Bankruptcy,
Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator,
assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as
such debts become due, or the taking of corporate action by Maker in furtherance of any of the foregoing. 

 (c) Involuntary Bankruptcy, Etc. The entry of a decree or order for relief by a court
having jurisdiction in the premises in respect of Maker in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official)
of Maker or for any substantial part of its property, or ordering the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60
consecutive days. 
 5. Remedies. 
  

	 	(a)	 Upon the occurrence of an Event of Default specified in Section 4(a) hereof, Payee may, by written notice
to Maker, declare this Amended and Restated Note to be due immediately and payable, whereupon the unpaid principal amount of this Amended and Restated Note, and all other amounts payable hereunder, 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. 

 

	 	(b)	 Upon the occurrence of an Event of Default specified in Sections 4(b) or 4(c), the unpaid principal balance of
this Amended and Restated Note, and all other sums payable with regard to this Amended and Restated Note, shall automatically and immediately become due and payable, in all cases without any action on the part of Payee. 

6. Waivers. Maker and all endorsers and guarantors of, and sureties for, this Amended and Restated Note waive presentment for payment,
demand, notice of dishonor, protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under the terms of this Amended and Restated 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 or 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 Amended and Restated 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 Amended and Restated Note, and agrees that additional makers, endorsers, guarantors, or sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder. 

8. Notices. All notices, statements or other documents which are required or contemplated by this Amended and Restated Note shall be:
(i) in writing and delivered personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address designated in writing, (ii) by facsimile to the number most
recently provided to such party or such other address or fax number as may be designated in writing by such party and (iii) by electronic mail, to the electronic mail address most recently provided to such party or such other electronic mail
address as may be designated in writing by such party. Any notice or other communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt of written
confirmation, if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier service or five (5) days after mailing if sent by mail. 

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

 10. Severability. Any provision contained in this Amended and Restated 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 or from the trust account to be established in which the
proceeds of the IPO conducted by the Maker (including the deferred underwriters discounts and commissions) and the proceeds of the sale of the warrants issued in a private placement to occur prior to the consummation of the IPO are to be deposited,
as described in greater detail in the registration statement and prospectus to be filed with the Securities and Exchange Commission in connection with the IPO, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any
Claim against the 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 Amended and Restated 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] 

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

					
	ASCENDANT MOBILITY ACQUISITION CORP I a Cayman Islands exempted company
	By:	 	 /s/ David Gomberg

		 	Name:	 	David Gomberg
		 	Title:	 	President and Director

 [Signature Page to A&R Promissory Note]

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