SEC Contract Filing

Filing Date: 2021-03-29

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ea138501ex10-1_greenvision.htm
<DESCRIPTION>FORM OF LOAN NOTE
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.1</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THIS
PROMISSORY NOTE (&ldquo;NOTE&rdquo;) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &ldquo;SECURITIES
ACT&rdquo;). 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.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UNSECURED
PROMISSORY NOTE</B></FONT></P>

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 <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Principal
 Amount: $300,000</FONT></TD>
 <TD STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dated as
 of March 23, 2021</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">GreenVision
Acquisition Corp., a Delaware corporation (the &ldquo;Maker&rdquo;), promises to pay to the order of Helbiz, Inc., a Delaware
corporation, or its registered assignee or successor in interest (the &ldquo;Payee&rdquo;), the principal sum of Three Hundred
Thousand US dollars ($300,000) in lawful money of the United States of America, on the terms and conditions described below. This
Note is being issued by the Maker in consideration of a loan in the amount of Three Hundred Thousand US dollars ($300,000) made
by the Payee to the Maker on March 23, 2021, the proceeds of which will be utilized by the Maker for its working capital purposes.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>1.
Principal. </B>The principal balance of this Note shall be payable on the earlier of (i) the termination of the Merger Agreement
and Plan of Reorganization (the &ldquo;Merger Agreement&rdquo;) entered into among the Payee, the Maker, GreenVision Merger Sub
Inc. and Salvatore Palella, dated February 8, 2021, and (ii) simultaneous with the completion of Business Combination (as defined
in the Merger Agreement). Simultaneous with the Business Combination, Maker shall repay in full the principal amount of the Loan
(i) in the event of the Termination of the Merger Agreement for a reason other than completion of the Business Combination, in
cash to the Payee or (ii) at the closing of the Business Combination, by reducing the amount of Closing Net Debt (as defined in
the Merger Agreement) by the full principal amount of the Loan.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.
Interest.</B> No interest shall accrue on the outstanding principal balance of this Note.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.
Events of Default.</B> The following shall constitute an event of default (&ldquo;Event of Default&rdquo;):</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)
<U>Failure to Make Required Payments.</U> Failure by the Maker to pay the principal amount due pursuant to this Note within five
(5) business days of the date specified above.</FONT></P>

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