Document:

Exhibit 10.7

    

    

    THIS PROMISSORY NOTE (“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 COMPANY THAT SUCH REGISTRATION IS NOT
      REQUIRED.

     

    PROMISSORY NOTE

    	 	 	 
	
            Principal Amount: Up to $1,500,000

            (as set forth on the Schedule of Borrowings attached hereto)

          	 	
            Dated as of September 9, 2022

            New York, New York

          

     

    Emerging Markets Horizon Corp., a Cayman Islands exempted company (the “Maker”),
      promises to pay to the order of New Emerging Markets Horizon or its designees, registered assigns or successors in interest (the “Payee”), or order, the
      principal sum of up to One Million Five Hundred Thousand Dollars ($1,500,000) (as set forth on the Schedule of Borrowings attached hereto) in lawful money of the United States of America (the “Loan Amount”), 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 the Maker to such account
      as the Payee may from time to time designate by written notice in accordance with the provisions of this Note.

     

    1. Principal. The principal balance of this Note shall be payable by the Maker on
      the earlier of: (i) the date on which Maker consummates its initial business combination (the “Business Combination”) or (ii) the date that the winding up of
      Maker is effective (such date, the “Maturity Date”). The principal balance may be prepaid at any time, at the election of the Maker, without premium or penalty.
      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 Note.

     

    3. Drawdown Requests. The principal of this Note may be drawn down from time to
      prior to the Maturity Date, upon written request from Maker to Payee (each, a “Drawdown Request”). Each Drawdown Request must state the amount to be drawn down
      and must not be an amount less than Ten Thousand Dollars ($10,000), unless agreed upon by Maker and Payee. Payee shall fund each Drawdown Request no later than five (5) business days after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns collectively under this Note is One
      Million Five Hundred Thousand Dollars ($1,500,000). Once an amount is drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid. No fees, payments or other amounts shall be due to Payee in connection with, or
      as a result of, any Drawdown Request by Maker. Notwithstanding the foregoing, 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, and then to the reduction of the unpaid principal balance of this Note.

     

    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 finally to the reduction of the unpaid principal balance of this
      Note.

     

    5. 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 Note within five (5) business days of the Maturity Date.

     

    (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 sixty (60) consecutive days.

     

    6. Remedies.

     

    (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 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 5(b) and 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.

     

    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 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 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.

     

    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.

     

    9. Notices. All notices, statements or other documents which are required or
      contemplated by this Note shall be made in writing and delivered: (i) 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 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 transmission, one (1) business day after delivery to an overnight courier service or five (5) days after mailing if sent by mail.

     

    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.

    
      

      
        

      

    

     

    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.

    

    

    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 established in connection with
      the Maker’s initial public offering (the “IPO”), and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the trust
      account for any reason whatsoever; provided, however, that upon the
      consummation of the Business Combination, Maker shall repay the principal balance of this Note out of the proceeds released to Maker from the trust account after payment to holders of the Maker’s public shares. The foregoing shall bind any permitted
      assignee or transferee of this Note.

     

    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.

     

    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.

     

    [Signature page follows]

    
      

      
        

      

    

    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.

    

    

    	 	 	 
	 	
            EMERGING MARKETS HORIZON CORP.

          
	 	 	 
	 	
            By:

          	
            
              /s/ Jonathan Neill

            

          
	 	 	
            Name: Jonathan Neill

          
	 	 	
            Title: Chief Executive Officer

          

     

    

    

    

    

    

    

    
      Acknowledged and agreed as of the date first above written.

    

    
       

    

    	 	 	 
	
            NEW EMERGING MARKETS HORIZON

          	 
	 	 	 
	
            By:

          	
            
              /s/ Jonathan Neill

            

          	 
	
            Name:

          	
            Jonathan Neill

          	 
	
            Title:

          	
            Authorized Signatory of Managing Member

          	 

    

    

     

    

    

     

    [Signature page to Working Capital Loan Promissory Note]

    
      

      
        

      

    

    SCHEDULE OF BORROWINGS

     

    The following increases or decreases in this Promissory Note have been made:

     

    	
            Date of Increase

            or Decrease

          	
            Amount of decrease in

            Principal Amount of this

            Promissory Note

          	
            Amount of increase in

            Principal Amount of this

            Promissory Note

          	
            Principal Amount of this

            Promissory Note following

            such decrease or increase

          
	
            9/1/2022

          	
            N/A

          	
            $561,996

          	
            $561,996Exhibit 10.7

 

MUTUAL GENERAL RELEASE AND SETTLEMENT AGREEMENT

 

This Mutual Release and Settlement
Agreement (the “Agreement”) is made and entered into by and between LNPR Group Inc., a Colorado corporation (the “Company”),
on the one hand, and the party included and named on the signature page hereto (the “Shareholder”), on the other hand,
as follows. Each of the Company and the Shareholder, a “Party,” and, together, the “Parties.”

 

RECITALS

 

WHEREAS, on January 14, 2019,
Joseph Grimes was appointed as an officer and director of the Company;

 

WHEREAS, on January 29, 2019,
the Company entered into an agreement with Mr. Grimes (the “Grimes Agreement”) pursuant to which Mr. Grimes would sell
to the Company certain intellectual property owned by Mr. Grimes in exchange for Twenty-Five Million (25,000,000) shares of the Company’s
Common Stock (the “Grimes Shares”) (a copy of the Grimes Agreement has been attached as Exhibit A hereto);

 

WHEREAS, on March 4, 2020,
at Mr. Grimes’ direction, the Company issued the Grimes Shares to the individual and/or entity in the amount stated below:

 

·
300,000 shares to Peter Grimes.

 

WHEREAS, on April 20, 2021,
Mr. Grimes resigned from all positions within the Company; and

 

WHEREAS, the Shareholder wishes
to cancel previously-issued shares.

 

AGREEMENT

 

NOW, THEREFORE, for and in
consideration of the execution of this Agreement and the terms and mutual covenants contained herein, the Company and the Shareholder,
intending to be legally bound, enter into this Agreement as follows:

 

1. Payment
of Consideration by the Company to Mr. Grimes and Share Cancellations. In exchange for and in consideration of the Shareholder’s
releases of all possible claims pertaining to the Grimes Agreement and the Grimes Shares, the Company shall allow Mr. Grimes to retain
Three Hundred and Fifty Thousand (350,000) of the Twenty-Two Million (22,000,000) shares that were previously issued to Bodhisattva Investment
Group on March 4, 2020 and are currently held by such entity. The remainder of the Grimes Shares shall be cancelled by the Company’s
transfer agent.

 

2. General
Release by the Shareholder. Upon execution of the Agreement, the Shareholder, on behalf of the Shareholder and its respective affiliates,
agents, employees, officers, directors, parents, clients, attorneys, representatives, advisors, heirs, executors, administrators, predecessors,
successors, insurers, accountants, investment advisors, or anyone acting on their behalf (the “Shareholder Parties”)
hereby generally release the Company and their respective affiliates, agents, employees, officers, directors, parents, clients, attorneys,
representatives, advisors, heirs, executors, administrators, predecessors, successors, investment funds, insurers, accountants, investment
advisors, or anyone acting on their behalf (the “Company Parties”) from and against any and all claims, known or unknown,
whether asserted or not, that the Shareholder Parties may have had against the Company Parties from the beginning of time until the date
of execution of the Agreement. For the avoidance of doubt, the Shareholder Parties are not releasing the Company Parties from any obligations
or duties owed under this Agreement.

 

3. Non-Disparagement.
The Parties agree that they will not disparage or make any derogatory remarks about the Shareholder Parties or the Company Parties,
respectively.

 

4. Attorneys’
Fees and Costs. The Parties each agree to bear their own costs and attorneys’ fees in connection with this Agreement and the
other agreements and transactions contemplated hereby.

 

5. Governing
Law. The validity, construction, interpretation, performance and enforcement of this Agreement, and all disputes arising out of this
Agreement, shall be governed by Colorado law without regard to choice of law or conflicts of law principles.

 

 

    	 	 	 

     

    

 

6. Venue
for Claims. The Parties agree that any claims brought by any Party relating to or arising out of the Agreement shall be brought in
the State of Colorado.

 

7. Integration
Clause. This Agreement constitutes and embodies the full and final agreement and understanding between the Parties with regard to
the subject matter hereof, and supersedes all prior agreements, understandings, negotiations, representations and discussions regarding
the same (including the Memorandum of Understanding dated April 21, 2021). The Parties all acknowledge that there are no representations,
promises, warranties, conditions or obligations of the Parties not contained herein, and that the Parties have not executed this Agreement
in reliance on any other representation, promise, warranty, condition or obligation.

 

8. Construction.
Each Party and their respective counsel have taken part in the drafting and preparation of this Agreement, and therefore any ambiguity
or uncertainty in this Agreement shall not be construed against any Party to it. To ensure the Agreement is not construed against any
Party, the Parties expressly agree that any common law or statutory provision providing that an ambiguous or uncertain term will be construed
against the drafting Party is waived and shall not apply to the construction of this Agreement.

 

9. No
Oral Modifications. This Agreement may only be further modified, amended or supplemented by a subsequent writing executed by the
Parties.

 

10. Authority
to Execute. Each person whose signature appears on this Agreement warrants and guarantees that he, she, or it has been duly authorized
and has full authority to execute this Agreement on behalf of the entity for which his or her signature appears.

 

11. Voluntary
Execution. The Parties acknowledge that they have executed this Agreement voluntarily and without any duress or undue influence.
The Parties further each acknowledge that they: (a) have had the opportunity to be represented and advised by counsel of their own choice
in connection with the negotiation and execution of this Agreement; (b) have read this entire Agreement; (c) have had the opportunity
to have this Agreement explained to them by counsel of their choice; and (d) have executed this Agreement solely on the basis of advice
of their own counsel of choice and on the basis of their own independent investigation of the facts, laws and circumstances material
to this Agreement. The Shareholder expressly acknowledges that Business Legal Advisors, LLC, has not provided representation to it in
connection with this Agreement or the transactions contemplated hereby.

 

12. Disclosure.
This Agreement or its terms may only be disclosed if such disclosure is required: (a) in response to an order or subpoena of a court
of competent jurisdiction or as required by law, in which event immediate written notice shall be given to all other Parties sufficiently
prior to production to permit a challenge to any such order/subpoena; (b) in response to an inquiry or order issued by a state or federal
agency of competent jurisdiction, in which event immediate written notice shall be given to all other Parties; (c) to the Parties’
respective legal, tax and financial advisors, (d) to the extent necessary to report to appropriate regulatory authorities and in other
related dealings with regulatory authorities; (e) to the extent necessary to report income to appropriate taxing authorities and in other
related dealings with taxing authorities; (f) by the Company, as a public company, by public disclosure of the Agreement and the terms
of the Agreement, or (g) in connection with any litigation/arbitration between any of the Parties hereto regarding enforcement or interpretation
of this Agreement.

 

13. Further
Documents. The Parties shall execute any and all documents that may be reasonably necessary to effectuate the terms of this Agreement,
including but limited to the following:

 

a. Hold
Harmless - Recission document executed by the Shareholder, attached hereto as Exhibit B.

 

14. Return
of Original Share Certificates and Payment of Transfer Agent Fees. Along with the documents referenced in Section 13 above, the Shareholder
shall return the original share certificate to the transfer agent (if any). The Company shall be responsible for all fees associated
with each share cancellation ($25 per each share cancellation).

 

15. Binding
on Successors and Assigns. The terms, covenants, conditions and provisions of this Agreement shall be binding upon and inure to the
benefit of the Parties and their respective successors, predecessors, executors, trusts, guardians ad litem, agents, representatives,
heirs, affiliated corporations and entities, and assigns.

 

16. Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which together shall
constitute one and the same instrument.

 

17. Effectiveness.
This Agreement shall become effective and binding immediately upon its execution by all signatories.

 

[Signature Page to Follow]

 

    	 	2	 

     

    

 

IN WITNESS WHEREOF, each of
the Parties hereto has caused this Mutual Release and Settlement Agreement to be executed and delivered on the respective day and year
set forth below.

 

	THE COMPANY	LNPR Group Inc.

 

 

 

	Date: February 23, 2022	By: /s/ Paul Falconer
	 	Paul Falconer, CEO

 

 

THE SHAREHOLDER:

 

 

 

	Date: February 23, 2022	/s/ Peter Grimes

	 	Peter Grimes, an Individual

 

 

    	 	3	 

     

    

 

EXHIBIT A

 

Asset Purchase Agreement dated January 29, 2019

 

[To Be Attached]

 

 

    	 	4	 

     

    

 

EXHIBIT B

 

Hold Harmless – Recission

 

[To Be Attached]

 

 

 

 

 

 

    	 	5

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