SEC Contract Filing

Filing Date: 2019-07-23

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>f8k072319ex10-1_8ienter.htm
<DESCRIPTION>PROMISSORY NOTED DATED JULY 23, 2019
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<P STYLE="margin: 0; text-align: right; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Exhibit 10.1</B></FONT></P>

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<P STYLE="margin: 0; font-size: 10pt"><FONT STYLE="font-size: 10pt">THIS NOTE 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-size: 10pt"><B>PROMISSORY
NOTE</B></FONT></P>

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 <TD STYLE="width: 50%; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt">Principal Amount: $100,000.00</FONT></TD>
 <TD STYLE="width: 50%; text-align: right; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt">Dated as of July
 23<SUP>rd</SUP>, 2019</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: left"><FONT STYLE="font-size: 10pt">8i
Enterprises Acquisition Corp, a British Virgin Islands company (the &ldquo;<B>Maker</B>&rdquo;), promises to pay to the order
of 8i Enterprises Pte Ltd or its registered assigns or successors in interest (the &ldquo;<B>Payee</B>&rdquo;) the principal sum
of One Hundred Thousand Dollars ($100,000.00) 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.</FONT></P>

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<TD STYLE="width: 0; text-align: left; font-size: 10pt"></TD><TD STYLE="width: 0.5in; text-align: left; font-size: 10pt"><FONT STYLE="font-size: 10pt">1</FONT></TD><TD STYLE="text-align: left; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Principal</B>.
 The principal balance of this Promissory Note (this &ldquo;<B>Note</B>&rdquo;) shall
 be payable promptly after the date on which the Maker consummates an initial business
 combination (a &ldquo;<B>Business Combination</B>&rdquo;) with a target business (as
 described in its initial public offering prospectus dated March 27, 2019 (the &ldquo;<B>Prospectus</B>&rdquo;)).
 In the event that a Business Combination does not close prior to April l, 2020 (or July
 l, 2020 or October 1, 2020, as applicable), this Note shall be deemed to be terminated
 and no amounts will thereafter be due from Maker to Payee under the terms hereof. The
 principal balance may not be prepaid without the consent of the Payee.</FONT></TD>
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<TD STYLE="width: 0; text-align: left; font-size: 10pt"></TD><TD STYLE="width: 0.5in; text-align: left; font-size: 10pt"><FONT STYLE="font-size: 10pt">2.</FONT></TD><TD STYLE="text-align: left; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Conversion
 Rights</B>. The Payee has the right, but not the obligation, to convert this Note, in
 whole or in part, into private units (the &ldquo;<B>Units</B>&rdquo;) of the Maker, as
 described in the Prospectus, by providing the Maker with written notice of its intention
 to convert this note at least one business day prior to the closing of a Business Combination.
 The number of Units to be received by the Payee in connection with such conversion shall
 be an amount determined by dividing (x) the sum of the outstanding principal amount payable
 to such Payee by (y) $10.00.</FONT></TD>
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