Document:

Exhibit
10.9

 

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. 

 

AMENDED
AND RESTATED PROMISSORY NOTE

 

	Principal Amount:
Up to $300,000	Dated
                                            as of December 15, 2021

                                            New York, New York

 

This Amended
and Restated Promissory Note (this “Note”) amends and restates the Promissory Note, dated as of June 15, 2021 (the “Original
Note”) made by Metal Sky Star Acquisition Corporation., a Cayman Islands exempt company, and payable to the order of M-Star
Management Corporation, or its registered assigns or successors in interest. The terms, conditions and provisions of the Original Note
are hereby amended and restated in their entirety effective as of the date hereof so that henceforth the terms, conditions and provisions
of the Original Note shall read and be as set forth in this Note effective as of the date hereof. Neither this Note nor anything contained
herein shall be construed as a substitution or novation of the Original Note. 

 

Metal
Sky Star Acquisition Corporation, a Cayman Islands business company and blank check company (the “Maker”), promises
to pay to the order of M-Star Management Corporation or its registered assigns or successors in interest (the
“Payee”), or order, the principal sum of up to Three Hundred Thousand Dollars ($300,000) 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 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) March 31, 2022 or (ii) the
date on which Maker consummates an initial public offering of its securities. 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 Note.

 

3.
Drawdown Requests. Maker and Payee agree that Maker may request up to Three Hundred Thousand Dollars ($300,000) for costs reasonably
related to Maker’s initial public offering of its securities. The principal of this Note may be drawn down from time to time prior
to the earlier of: (i) March 31, 2022 or (ii) the date on which Maker consummates an initial public offering of its securities, 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 Three Hundred Thousand Dollars ($300,000). 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. It is acknowledged that the Company may have received amounts in respect of drawdowns
under this Note prior to the date hereof, and it is agreed that all such sums were received as drawdowns of principal hereunder in anticipation
of the execution 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 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.

 

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 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 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 THE BRITISH VIRGIN ISLANDS, 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.

 

    2

     

    

 

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 (the “IPO”) to be conducted by the Maker (including the deferred underwriters discounts
and commissions) and the proceeds of the sale of the warrants to be issued in a private placement to occur prior to the closing 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.

 

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]

 

    3

     

    

 

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

 

	 	METAL SKY STARACQUISITION
    CORPORATION
	 	 	 
	 	By:

    
	
	 	 	Name:	Man
    Chak Leung 
	 	 	Title: 	Director

 

    4Exhibit 10.10

  

   

    

  
    LETTER AGREEMENT

     

    This Letter Agreement (this “Letter Agreement”) is entered into as of February 24, 2022 between Lionheart Acquisition Corporation II, a Delaware corporation (the “Company”), and Nomura Securities
      International, Inc. (the “Purchaser”, and together with the Company, the “Parties”). Unless otherwise specified herein, capitalized and/or initially capitalized terms used in this Letter Agreement shall have the meanings ascribed to
      them in the Forward Purchase Agreement.

     

    Recitals

     

    WHEREAS, the Parties entered into that certain Forward
        Purchase Agreement, dated as of August 13, 2020 (the “Forward Purchase Agreement”);

     

    WHEREAS, the Parties wish to amend and restate Section
          4(b) of the Forward Purchase Agreement to limit the redemption and liquidation obligations with respect to the Public Shares held by the Purchaser; and

     

    WHEREAS, the Parties wish to amend and restate Section
          4(c) of the Forward Purchase Agreement to limit the voting obligations with respect to the Class A Shares held by the Purchaser.

     

    NOW, THEREFORE, in consideration of the premises,
        representations, warranties and the mutual covenants contained in this Letter Agreement, and for other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the Parties hereto agree as follows:

     

    Agreement

     

    1.          Amendment.  Sections 4(b) and 4(c) of the Forward Purchase
      Agreement are hereby amended and restated in their entirety as set forth below:

     

    “(b)         Redemption and Liquidation. The Purchaser hereby waives, with respect to any Public Shares purchased by it pursuant to this Agreement or other Public Shares purchased by
      it that are not held directly or indirectly in connection with a third-party client, any redemption rights it may have in connection with (i) the consummation of a Business Combination, including, without limitation, any such rights available in the
      context of a stockholder vote to approve such Business Combination and (ii) any stockholder vote to approve an amendment to the Charter that would affect the substance or timing of the Company’s obligation to redeem 100% of the Public Shares sold in
      the IPO if the Company has not consummated an initial Business Combination within the time period set forth in the Charter or in the context of a tender offer made by the Company to purchase Public Shares, it being understood that the Purchaser shall
      be entitled to redemption and liquidation rights with respect to any Public Shares held by it in the event the Company does not complete a Business Combination and liquidates.

     

    
      
        

    

    
    (c)          Voting.  The Purchaser hereby agrees that if the Company seeks stockholder approval of a proposed Business Combination, then in connection with such proposed Business Combination, the Purchaser shall
      vote any Class A Shares purchased by it pursuant to this Agreement or other Class A Shares purchased by it that are not held directly or indirectly in connection with a third-party client, in favor of any proposed Business Combination.  If the
      Purchaser fails to vote any Class A Shares it is required to vote hereunder in favor of a proposed Business Combination, the Purchaser hereby grants hereunder to the Company and any representative designated by the Company without further action by
      the Purchaser a limited irrevocable power of attorney to effect such vote on behalf of the Purchaser, which power of attorney shall be deemed to be coupled with an interest.”

     

    
      2.          Miscellaneous.
          For the avoidance of doubt, references in the Forward Purchase Agreement to the “Agreement” shall be deemed a reference to the Forward Purchase Agreement as amended by this Letter Agreement.

       

      

     

    3.          Counterparts. This Letter Agreement may be signed in two or more counterparts, each of which shall be an
      original, with the same effect as if the signatures thereto and hereto were upon the same instrument. Counterparts may be delivered via facsimile, electronic mail (including any electronic signature covered by the U.S. federal ESIGN Act of 2000,
      Uniform Electronic Transactions Act, the Electronic Signatures and Records Act or other applicable law, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and
      be valid and effective for all purposes.

     

    4.          No Other Amendments. Except as otherwise specifically amended in this Letter Agreement, the Forward
      Purchase Agreement shall remain in full force and effect.

     

    [Signature page follows]

     

    
      2

      
        

    

    IN WITNESS WHEREOF, the undersigned have executed this
        Letter Agreement to be effective as of the date first set forth above.

     

    PURCHASER:

     

    NOMURA SECURITIES INTERNATIONAL, INC.

    

    

    	
            By:

          	
            /s/ James Chenard

          	 
	 	
            Name: James Chenard

          	 
	 	
            Title: Managing Director

          	 
	 	 	 

    

    

    
      [Signature Page to Letter Agreement]

       

         

    

    
      
        

    

    COMPANY:

     

    LIONHEART ACQUISITION CORPORATION II

    

    

    	
            By:

          	
             /s/ Ophir Sternberg

          	 
	 	
            Name: Ophir Sternberg

          	 
	 	
            Title: Chairman, CEO and President

          	 

    

    

    

    

    
      [Signature Page to Letter Agreement]

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