SEC Contract Filing

Filing Date: 2022-10-12

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>brhc10042865_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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 <div style="text-align: right; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Exhibit 10.1</div>
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 <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;">THIS REVOLVING PROMISSORY NOTE (&#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">NOTE</font>&#8221;) HAS NOT BEEN REGISTERED UNDER THE
 SECURITIES ACT OF 1933, AS AMENDED (THE &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">SECURITIES ACT</font>&#8221;). 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.</div>
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 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><u>REVOLVING PROMISSORY NOTE</u></div>
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 <div style="text-align: left; font-family: 'Times New Roman';">Principal Amount: Up to $1,000,000</div>
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 <div style="text-align: right; font-family: 'Times New Roman';">October 11, 2022</div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">1.</font><font style="font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman';"><font style="font-family: 'Times New Roman';"><u>PROMISE TO PAY</u></font>:&#160; Mercury Ecommerce Acquisition Corp., a Delaware corporation (&#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Debtor</font>&#8221;), promises
 to pay on or before October 11, 2024<font style="font-family: 'Times New Roman'; color: rgb(0, 0, 0);"> (the &#8220;</font><font style="font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 0, 0);">Termination Date</font><font style="font-family: 'Times New Roman'; color: rgb(0, 0, 0);">&#8221;)</font> to the order of Mercury Sponsor Group I LLC, a Delaware limited liability company (&#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Creditor</font>&#8221;),
 ONE MILLION and 00/100 DOLLARS ($1,000,000.00), <font style="font-family: 'Times New Roman'; color: rgb(0, 0, 0);">or such sum as may be advanced by Creditor and outstanding from time to time, with interest on the unpaid principal
 balance at the rate and on the terms provided in this Note.</font></font></font></div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">2.</font><font style="font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman'; color: rgb(0, 0, 0);"><font style="font-family: 'Times New Roman';"><u>REVOLVING NOTE</u></font>:&#160; This is a revolving credit note.&#160; Debtor may borrow, repay and re-borrow, and Creditor may advance and re-advance under this Note
 respectively from time to time, up to (but not including) two (2) weeks prior to the Termination Date, so long as the total indebtedness outstanding at any one time does not exceed the principal amount stated on the face of this Note.&#160; Creditor&#8217;s
 obligation to advance or re-advance under this Note shall be suspended so long as any Event of Default then exists and is continuing. On the date hereof, Creditor shall pay to the order of the Debtor the principal sum of two-hundred-thousand and
 no/100 Dollars ($200,000.00). Thereafter, during the period from and including the date hereof until two weeks prior to the Termination Date, the Debtor may borrow additional funds on any business day; provided that Debtor shall deliver to the
 Creditor an irrevocable borrowing request (&#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Borrowing Request</font>&#8221;), which Borrowing Request is in the form attached hereto as <font style="font-family: 'Times New Roman';"><u>Exhibit A</u></font>, and which must be received by the Creditor prior to 12:00 p.m. central time three (3) business days prior to the requested borrowing date (&#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Borrowing</font>&#160;<font style="font-family: 'Times New Roman'; font-weight: bold;">Date</font>&#8221;), specifying: (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) the business purpose for which
 such loan will be used,<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> and (iv) such other documentation as may be requested by Creditor in its sole discretion. Upon receipt of any such Borrowing Request, the Creditor shall make t