SEC Contract Filing

Filing Date: 2024-07-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.46
<SEQUENCE>11
<FILENAME>tm2418949d1_ex10-46.htm
<DESCRIPTION>EXHIBIT 10.46
<TEXT>
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<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt"><FONT><B>Exhibit&nbsp;10.46</B></FONT></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>PROMISSORY
NOTE</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
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 <TD STYLE="text-align: justify; width: 15pc"><FONT STYLE="font-size: 10pt">$250,000.00</FONT></TD>
 <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">23<SUP>rd</SUP> April&nbsp;2024</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Promissory Note (this
 &ldquo;<B>Note</B>&rdquo;) is entered into as of the date first above written by ConnectM Technology Solutions,&nbsp;Inc., a Delaware
corporation (the &ldquo;<B>Borrower</B>&rdquo;), in favor of SriSid LLC, a Delaware Limited Liability Company (&ldquo;<B>Lender</B>&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">FOR VALUE RECEIVED, the Borrower
promises to pay to the Lender, upon the terms and conditions contained herein, the principal sum of Two Hundred Fifty Thousand Dollars
(<B>$250,000.00</B>) (the &ldquo;<B>Loan Amount</B>&rdquo;), with interest from the date hereof on the principal amount from time to time
unpaid as set forth herein, such interest to be payable upon maturity, unless otherwise provided herein. This Note shall mature on 22<SUP>nd</SUP>
April&nbsp;2025 (the &ldquo;<B>Maturity Date</B>&rdquo;). Subject to Section&nbsp;5 hereof, the unpaid principal amount of this Note,
together with any accrued but unpaid interest thereon, shall be due and payable in full upon the Maturity Date. All amounts payable under
this Note are payable in lawful money of the United States without notice, demand, offset or deduction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Note is a general unsecured
obligation of the Borrower.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;1: Interest.
</B>From the date hereof until paid in full, this Note shall accrue interest at a simple annual rate of twenty-four percent (24.0%). Interest
shall be calculated on the basis of a 360-day year of twelve 30-day months, but shall accrue and be payable on the actual number of days
elapsed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;2: Payments.
</B>Borrower shall not be required to make payments of interest and/or principal under this Note prior to the Maturity Date, other than
pursuant to Section&nbsp;5. All outstanding principal, interest and any other amounts, fees or charges due under this Note (collectively,
the &ldquo;<B>Obligations</B>&rdquo;) shall be immediately due and payable on the Maturity Date or on such earlier date as may be required
under the terms of this Note. Any payments on this Note, whether such payment is a regular installment, represents a prepayment (if permitted
hereunder) or is the result of acceleration of this Note by Lender, shall be made in currency of the United States of America which is
legal tender for the payment of public and private debts, in immediately available funds, to Lender at the address set forth above or
at such other address as the Lender may from time to time designate in writing. Payments received by the Lender prior to the occurrence
of an Event of Default (as defined below) will be applied first to fees, expenses and other amounts due hereunder or under the Investment
Agreement (excluding principal and interest); second, to accrued interest under this Note; and third to the outstanding principal due
under this Note; after the occurrence of an Event of Default, payments will be applied to the Obligations as the Lender determines in
its sole discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;3: Amendment.
</B>This Note may not be amended, modified, altered or supplemented and the observance of any term hereof or thereof may not be waived
(either generally or in a particular instance) other than as agreed by the Lender and the Borrower in writing. No failure or delay on
the part of the Lender in exercising any power, right or privilege under this Note or the Purchase Agreement shall operate as a waiver
thereof, and no single or partial exercise of any such power, right or privilege shall preclude any further exercise thereof or the exercise
of any other power, right or privilege.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;4: Prepayment.
</B>On or after the date which is three (3)&nbsp;months after the date of this Note, t