Document:

Exhibit 10.19
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THIS PROMISSORY NOTE (fHIS "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.
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PROMISSORY NOTE
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	Principal Amount: Up to $500,000
	Dated as of February 25, 2022 

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EQ Health Acquisition Corp., a Delaware corporation (the “Maker”), promises to pay to the order of EQ Health Sponsor Group, LLC, a Delaware limited liability company, or its registered assigns or successors in interest (the “Payee”), or order, the principal sum of Five Hundred Thousand Dollars ($500,000), or such lesser amount as shall have been advanced by Payee to Maker and shall remain unpaid under this Note, in lawful money of the United States of America, on the terms and conditions described below. All payments on this Note shall be made by check or wire transfer of immediately available funds or as otherwise determined by tbe Maker to such account as the Payee may from time to time designate by written notice in accordance with the provisions of this Note.
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1.Principal. The principal balance of Note shall be payable on the earlier of: (i) January 28, 2023, and (ii) the date on which Maker consummates a business combination with a potential target entity. The principal balance may be prepaid at any time. Inthe event that a closing of an initial business combination occurs and the funds available in the Trust Account after satisfaction of any minimum closing cash conditions specified in the executed business combination agreement (the “Net Trust Fund Balance”) are not sufficient to pay the principal amount of this Note, together with any other remaining debts, obligations, fees, costs or expenses of EQHA then payable (such remaining debts, obligations, fees, costs or expenses of EQHA, “EQHA’s Obligations”), then the principal balance under this Note may, at the election of the Payee, be reduced to an amount equal to (a) the unpaid principal balance multiplied by (b) a fraction, (i) the numerator of which is equal to the unpaid principal balance, divided by (ii) the aggregate amount of EQHA's Expenses, and (c) the product of clause (a) and (b) shall thereafter be multiplied by a fraction (i) the numerator of which is equal to aggregate amount of EQHA's Obligations, divided by (ii) the Net Trust Fund Balance; provided, however, tbat to the extent any funds are available to Maker from any other source, Payee shall be entitled to be paid the original principal balance of this Note that remains unpaid after application of the Net Trust Fund Balance up to the full original principal amount from funds available from such other sources.
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		2.
	Interest. No interest shall accrue on the unpaid principal balance of this Note.

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3.Drawdown Requests. The principal of this Note may be drawn down from time to time prior to the earlier of: (i) January 28, 2023 and (ii) the date on which Maker consummates a business combination with a potential target entity, upon request from Maker to Payee (each, a “Drawdown Request”). Payee shall fund each Drawdown Request within five (5) business days after receipt of a Drawdown Request; provided. however, tbat the maximum amount of drawdowns collectively under this Note is Two Hundred Fifty Thousand Dollars ($250,000). Once an amount is drawn down under this Note, it shall not be available for future Drawdown Requests even ifprepaid. No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.
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4.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 attorney's fees, then to the payment in full of any late charges and fmally to the reduction of the unpaid principal balance of this Note.
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		5.
	Events of Default. The following shall constitute an event of default (“Event of Default”):

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(a)Failure to Make Required Pavments. Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business days of the date specified in Section I above.
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(b)Voluntarv 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
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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.
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(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.
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6.Remedies.
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(a)Upon the occurrence of an Event of Default specified in Section 5(a) hereof, Payee may, by written notice to Maker, declare this Note to be due immediately and payable, whereupon the unpaid 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.
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(b)Upon the occurrence of an Event of Default specified in Sections 5(b) or 5(c), the unpaid principal balance of this Note, 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 Payee.
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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 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.
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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 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 Maker or affecting Maker's liability hereunder.
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9.Notices. All notices, statements or other documents which are required or contemplated by this Agreement shall be in writing and delivered: (i) personally or sent by first class registered or certified mail, overnight courier service to the address designated in writing by such party, (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 or (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 mail, one (I) business day after delivery to an overnight courier service or five (5) days after mailing if sent by mail.
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10.Construction. THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.
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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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12.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 initial public offering of the Maker (“IPO”) and the proceeds of the sale of the units issued in private placements that occurred in connection with the IPO, as described in greater detail in the registration statement and prospectus 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.
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13.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.
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14.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.
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[SIGNATURE PAGE FOLLOWS]
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IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this Note to be duly executed by the undersigned as of the day and year first above written.
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	EQ HEALTH ACQUISITION CORP.

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	By:
	/s/ Scott Ellyson

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	Name: Scott Ellyson

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	Title: President

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ACKNOWLEDGED BY PAYEE:
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	EQ HEALTH SPONSOR GROUP, LLC

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	By:
	/s/ Lew Little, Jr.

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	Name: Lew Little, Jr.

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	Title: Managing Member

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[SIGNATURE PAGE TO AMENDED AND RESTATED PROMISSORY NOTE]Exhibit 4.09

CERTAIN INFORMATION IN THIS EXHIBIT, MARKED BY [****], HAS BEEN EXCLUDED. SUCH EXCLUDED INFORMATION IS NOT MATERIAL AND IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL.

AMENDMENT No. 03/2020 TO THE SMS MESSAGE SERVICE AGREEMENT AND TECHNICAL MANAGEMENT OF SERVICES AGREEMENT BETWEEN OI MÓVEL S/A AND ZENVIA MOBILE SERVIÇOS DIGITAIS S.A

ZENVIA MOBILE SERVIÇOS DIGITAIS S.A., headquartered at Avenida Dr. Nilo Peçanha, 2900, 14th floor - Chácara das Pedras - Porto Alegre - RS - Zip Code: 91330-001, enrolled with Corporate Taxpayers’ Registry (CNPJ) under No. 14.096.190/0001-05, hereby represented according to its Articles of Incorporation, hereinafter referred to as "COMPANY" and,

OI MÓVEL S/A - in court reorganization – a company providing personal mobile service, headquartered at Setor Comercial Norte, block 03, tower A, Ed. Estação Telefônica, Ground Floor - Part 2, Brasília, enrolled with Corporate Taxpayers’ Registry of the Ministry of Finance (CNPJ) under No. 05.423.963/0001-11, hereby represented according to its Articles of Incorporation, by its undersigned legal representatives, hereinafter referred to as "PROVIDER SERVICE". 

When referred to jointly, hereinafter referred to as the "Parties" and, separately, as "Party";

WHEREAS:

(i) The Parties have entered into, by and between themselves, the Service Technical Management Agreement, dated 11/14/2019 ("Agreement"), which enables, as regulated by ANATEL (Agência Nacional de Telecomunicações), the sending and receiving of short text messages in accordance with the Short Message Service standard ("SMS Messages"); and

(ii) The Parties have entered into a specific commercial agreement for the supply of a package of pre-paid SMS Messages by the COMPANY with pre-determined duration, prices and volume;

The Parties agree to execute this Amendment to the SMS Message Services Agreement ("Agreement"), as follows:

CLAUSE ONE - OBJECT

1.1    The SERVICE PROVIDER shall provide [***] SMS Messages to the COMPANY for the price of [***] per SMS Message.

1.1.1 The COMPANY may use the SMS Messages specified in item 1.1 above for the period from 11/14/2020 to 05/13/2021 and after this period the use of the volume will be terminated regardless of the existing balance.

The SERVICE PROVIDER will send a report with the description of the amount of volume consumed in the month by the COMPANY.

1.1.2 In the event that the SMS package set forth in Section 1.1 is fully utilized prior to the date of 05/13/2021, the excess for the month will be charged at the fee schedule for the period utilized;

1.1.3 The COMPANY shall pay the total amount of [***], in connection to the SMS Messages listed in item 1.1 above, to the SERVICE PROVIDER in a single installment due on 01/29/2021.

1.1.3.1 Billing and related invoices for the services under this Amendment will be issued only as of January 2021.

1.1.4 Due to the prepaid contract and the differentiated commercial conditions, the SERVICE PROVIDER requests the COMPANY not to commercially approach the following customers at its initiative.

- Customers: Banco do Brasil (including affiliates that will be listed in the agreement) and Itaú (including affiliates that will be listed in the agreement);

1.1.5 The SERVICE PROVIDER undertakes to deliver the volume contracted in item 1.1; or, if some misfortune takes place before the total delivery of this volume, the SERVICE PROVIDER undertakes to make a proportional refund of the amounts paid x unused volumes by the COMPANY;

1.1.5.1 The refund provided in the previous item must occur within 30 (thirty) days of the interruption of services provided under the conditions of this Agreement, by bank transfer to the bank account of the COMPANY, under penalty of a non-compensatory fine corresponding to [***] of the amounts to be returned;

1.1.6 The SERVICE PROVIDER agrees and confirms that it is subject to all obligations and duties set forth in the SMS Message Services Agreement, executed between the Parties and dated 11/14/2019 regarding the delivery of the volume contracted in item 1.1, as well as other obligations related to the sending of SMS Messages.

CLAUSE TWO - VALIDITY OF THE COMMERCIAL AGREEMENT - PREPAID SMS

2.1. This term will be valid until the total use of the volume mentioned in item 1.1. After the expiration of the validity of this Amendment, the parties will comply with the Amendment with the price list in force.

2.2 The parties agree that at the end of the period stipulated in item 1.1.1, 05/13/2021, with the total use of the volume of SMS Messages purchased under the conditions established in this Agreement, the COMPANY may be granted the option to purchase a new package of messages, with a new period of use, greater or equal to the current one, upon prior negotiation of 30 days between the parties.

It is agreed that the amounts that may presented, according to terms and volumes, must follow the price table and commercial conditions in effect at the time of the negotiation.

CLAUSE THREE - GENERAL PROVISIONS

3.1 The Agreement, in all its clauses, items and sub-items, and Attachments, which have not been the object of express amendment by this instrument, remains unchanged and in full force, being for all legal effects hereby ratified.

3.2 The SERVICE PROVIDER confirms that it will make every reasonable effort to ensure that the conditions stipulated in this Amendment are maintained in full and that they shall be binding upon third parties who may succeed it in the performance of their obligations for any purpose.

And, in witness whereof, the Parties sign this instrument in two (2) counterparts of equal content and for one sole purpose, in the presence of the witnesses below.

São Paulo, November 13th, 2020.

For Oi Móvel S.A. under court reorganization

 

Name: Michele Fernandes Borges

Position: Sales Manager

 

Name: Daniel de Souza

Position: Sales Manager

 

For the COMPANY

 

Name: Fábio Matias de Souza

Position: BUSINESS OFFICER

 

Name: Tercio Hartmann Konig

Position: Controller

 

1.Name: Luiz Fernandes Moriggi

Individual Taxpayer Registration Number: [***] 

 

2. Name: Adriana Fátima Morais

Individual Taxpayer Registration Number: [***]

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