Document:

Exhibit 10.1

 

PROMISSORY NOTE

 

	$156,000.00	As of November 23, 2022

 

Gesher I Acquisition Corp.
(“Maker”) promises to pay to the order of Gesher I Sponsor, LLC or its successors or assigns (“Holder”)
the principal sum of One Hundred Fifty Six Thousand Dollars and No Cents ($156,000.00) 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 the consummation of the Maker’s initial merger, share exchange, asset acquisition,
stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities (a “Business
Combination”). Holder understands that if a Business Combination is not consummated, this Note will not be repaid and all amounts
owed hereunder will be forgiven except to the extent that the Maker has funds available to it outside of its trust account established
in connection with its initial public offering.

 

2. Interest.
No interest shall accrue on the unpaid principal balance of this 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
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 this Note within five (5) business days following the date when
due.

 

(b) Voluntary
Bankruptcy, Etc. The commencement by Maker of a voluntary case under the Federal Bankruptcy Code, as now constituted or hereafter
amended, or any other applicable federal or state 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 the Federal Bankruptcy Code, as now or hereafter constituted, or any other applicable federal or state 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), Holder 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 thereunder, 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) and 4(c), the unpaid principal balance of, and all other sums payable
with regard to, this Note shall automatically and immediately become due and payable, in all cases without any action on the part of Holder.

 

6. Conversion.
Upon consummation of a Business Combination, the Holder shall have the option, but not the obligation, to convert the principal balance
of this Note, in whole or in part at the option of the Holder, into warrants (“Warrants”) of the Maker at a price of
$1.00 per Warrant; provided, however, that the Holder shall be permitted to convert this Note only if the shareholders of the Maker or
the target business in any such Business Combination, whichever may be required in connection with such Business Combination, have approved
the issuance of the Warrants to the Holder if such approval is necessary under applicable law. The Warrants will be identical to the “private
warrants” (as such term is defined in the Maker’s final prospectus for its initial public offering, dated October 12, 2021).
As promptly as reasonably practicable after notice by Holder to Maker to convert the principal balance of this Note, which must be made
at least 24 hours prior to the consummation of the Business Combination, and after Holder’s surrender of this Note, Maker shall
have issued and delivered to Holder, without any charge to Holder, a certificate or certificates (issued in the name(s) requested by Holder)
for the number of Warrants of Maker issuable upon the conversion of this Note.

 

7. 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 the Note, all errors, defects and imperfections in any proceedings instituted by Holder 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 Holder.

 

8. 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 Holder,
and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by Holder with respect to the
payment or other provisions of this Note, and agree that additional makers, endorsers, guarantors, or sureties may become parties hereto
without notice to them or affecting their liability hereunder.

 

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9. 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 telefacsimile 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:

 

Gesher I Acquisition Corp.

Hagag Towers North Tower

Floor 24 Haarba 28

Tel Aviv, Israel

 

If to Holder:

 

Gesher I Sponsor, LLC

Hagag Towers North Tower

Floor 24 Haarba 28

Tel Aviv, Israel

 

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.

 

10. Construction.
This Note shall be construed and enforced in accordance with the domestic, internal law, but not the law of conflict of laws, of the State
of Delaware.

 

11. 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.

 

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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.

 

	 	GESHER I ACQUISITION CORP.
	 	 	 
	 	By: 	/s/ Ezra Gardner
	 		Name: 	Ezra Gardner
	 		Title:	Authorized Signatory

 

 

4Document

    

NINTH Amendment to Amended and 
Restated Revolving Credit Agreement

This Ninth Amendment to Amended and Restated Revolving Credit Agreement (herein, the “Amendment”) is entered into as of November 23, 2022, by and among World Acceptance Corporation (the “Borrower”), Wells Fargo Bank, National Association together with the other financial institutions a party hereto (the “Lenders”) and Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent for the Lenders (the “Administrative Agent”).

Preliminary Statements

A.The Borrower, the Lenders, and the Administrative Agent are parties to a certain Amended and Restated Revolving Credit Agreement, dated as of June 7, 2019 (as amended from time to time, the “Credit Agreement”).  All capitalized terms used herein without definition shall have the same meanings herein as such terms have in the Credit Agreement.
B.The Borrower has requested that the Lenders make certain amendments to the Credit Agreement, and the Lenders are willing to do so under the terms and conditions set forth in this Amendment.
Now Therefore, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
Section 1.    Amendments.
Subject to the satisfaction of the conditions precedent set forth in Section 2 below, Borrower, Agent and Lenders agree that the Credit Agreement is hereby amended such that, after giving effect to all such amendments, it shall read in its entirety as attached hereto as Exhibit A.
Section 2.    Conditions Precedent.

The effectiveness of this Amendment is subject to the satisfaction of all of the following conditions precedent (the date on which the following conditions precedent have been satisfied being referred to herein as the “Effective Date”):
2.1    The Borrower and the Lenders shall have executed and delivered this Amendment to the Administrative Agent.
2.2    The Restricted Subsidiaries parties to the Subsidiary Guaranty Agreement shall have executed and delivered to the Administrative Agent their consent to this Amendment in the form set forth below.
2.3    Payment by the Borrower to the Administrative Agent of a non-refundable amendment fee for the Lenders listed and in the amounts set forth on Schedule A attached hereto in immediately available funds, which fee shall be fully earned by such Lenders upon the effectiveness of this Agreement.

2.4    Legal matters incident to the execution and delivery of this Amendment shall be satisfactory to the Administrative Agent and its counsel.
Section 3.     Representations.
In order to induce the Lenders to execute and deliver this Amendment, the Borrower hereby represents to the Administrative Agent, the Collateral Agent, and the Lenders that as of the date hereof, (a) the representations and warranties set forth in Section 6 of the Credit Agreement and in the other Loan Documents are and shall be and remain true and correct (except that the representations contained in Section 6.6 shall be deemed to refer to the most recent financial statements of the Borrower delivered to the Agent) and (b) the Borrower and the Restricted Subsidiaries are in compliance with the terms and conditions of the Credit Agreement and the other Loan Documents and no Default or Event of Default exists or shall result after giving effect to this Amendment. 

Section 4.    Miscellaneous.
4.1     Except as specifically amended herein, the Credit Agreement shall continue in full force and effect in accordance with its original terms.  Reference to this specific Amendment need not be made in the Credit Agreement, the Notes, or any other instrument or document executed in connection therewith, or in any certificate, letter or communication issued or made pursuant to or with respect to the Credit Agreement, any reference in any of such items to the Credit Agreement being sufficient to refer to the Credit Agreement as amended hereby.  
4.2    The Borrower heretofore executed and delivered, among other things, the Company Security Agreement and hereby acknowledges and agrees that the security interests and liens created and provided for therein secure the payment and performance of the Obligations under the Credit Agreement as amended hereby, which are entitled to all of the benefits and privileges set forth therein.  Without limiting the foregoing, the Borrower acknowledges that the “Secured Indebtedness” as defined in, and secured by the Collateral pursuant to, the Company Security Agreement shall be deemed amended to include all “Obligations” as defined in the Credit Agreement as amended hereby.
4.3    The Borrower agrees to pay on demand all reasonable and documented costs and expenses of or incurred by the Administrative Agent in connection with the negotiation, preparation, execution and delivery of this Amendment and the other instruments and documents to be executed and delivered in connection herewith, including the fees and expenses of counsel for the Administrative Agent.
4.4    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.  This Amendment may be executed by means of (a) an electronic signature that complies with the federal Electronic Signatures in Global and National Commerce Act, state enactments of the Uniform Electronic Transactions Act, or any other relevant and applicable electronic signatures law; (b) an original manual signature; or (c) an e-mail transmission of a Portable Document Format File (also known as an “PDF” file), faxed, 

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scanned, or photocopied manual signature.  Each electronic signature or PDF, faxed, scanned, or photocopied manual signature shall for all purposes have the same validity, legal effect, and admissibility in evidence as an original manual signature.  This Amendment shall be governed by, and construed in accordance with, the internal laws of the State of New York (without regard to principles of conflicts of laws).

[Signature Pages to Follow]

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This Amendment is entered into as of the date and year first above written.
									
		World Acceptance Corporation
		
		By	________________________________
R. Chad Prashad, President and Chief Executive Officer

		

Accepted and agreed to:
												
		Wells Fargo Bank, National Association, individually as a Lender and as Administrative Agent and Collateral Agent
	
			
		By	________________________________	
		Name:	
		Title:
			

116549.01049/125419537v.1

																		
		BANK OF MONTREAL

		
						
				
		By			
		Name		
		Title		
						
		Texas Capital Bank, formerly known as Texas Capital Bank, National Association		
						
				
		By			
		Name		
		Title		
				
		First Horizon Bank, successor-by-conversion to First Tennessee Bank National Association		
						
				
		By			
		Name
Title
		
				
		BANKUNITED, N.A.		
						
				
		By			
		Name
		
		

AXOS BANK
		
		AXOS BANK		
						
				
		By			
		Name
Title
		
						
						
						
						

-5-

																		
				PACIFIC WESTERN BANK
		By			
				Name
		
				Title

		

-6-

Acknowledgment and Consent
Each of the undersigned is a Restricted Subsidiary of World Acceptance Corporation who has executed and delivered to the Collateral Agent, the Administrative Agent, and the Lenders the Subsidiary Guaranty Agreement and the Subsidiary Security Agreement.  Each of the undersigned hereby acknowledges and consents to the Ninth Amendment to Amended and Restated Revolving Credit Agreement set forth above (the “Amendment”) and confirms that the Loan Documents executed by it, and all of its obligations thereunder, remain in full force and effect, and that the security interests and liens created and provided for therein continue to secure the payment and performance of the Obligations of the Borrower under the Credit Agreement after giving effect to the Amendment.  
Dated as November 23, 2022.
[Signature Page to Acknowledgment and Consent to Follow]

Each of the undersigned acknowledges that the Collateral Agent, the Administrative Agent, and the Lenders are relying on the foregoing in entering into the Amendment.

						
		World Acceptance Corporation of Alabama
		World Acceptance Corporation of Missouri
		World Finance Company of Georgia, LLC
		World Finance Corporation of Louisiana
		World Acceptance Corporation of Oklahoma, Inc.WAC of Oklahoma, LP

		World Finance Company of South Carolina, LLC
WAC of South Carolina, LLC
		World Finance Corporation of Tennessee
		WFC of South Carolina, Inc.
		World Finance Corporation of Illinois
		World Finance Corporation of New Mexico
		World Finance Company of Kentucky, LLC
		World Finance Corporation of Colorado
		World Finance Corporation of Wisconsin
		WFC Services, Inc.
		World Finance Company of Mississippi, LLC World Finance Company of Idaho, LLC World Finance Company of Utah, LLC
World Finance Company of Indiana, LLC

									
		By	
		R. Chad Prashad, President and Chief Executive Officer

116549.01049/125419537v.1

									
		WFC Limited Partnership
		
		By WFC of South Carolina, Inc.,
		as sole general partner

		By	
		R. Chad Prashad, President and Chief Executive Officer
		

116549.01049/125419537v.1

Schedule A

Amendment Fee

						
	Lender	Amendment Fee
	WFPC	$	180,000.00 	
	BMO	$	135,000.00 	
	Texas Capital	$	40,000.00 	
	First Horizon	$	75,000.00 	
	Bank United	$	50,000.00 	
	Pacific West Bank	$	75,000.00 	
	Axos Bank	$	130,000.00 	
	TOTAL	$	685,000.00 	

116549.01049/125419537v.1

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