SEC Contract Filing

Filing Date: 2022-07-25

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>ea163299ex10-1_ocaacquicorp.htm
<DESCRIPTION>PROMISSORY NOTE, DATED JULY 20, 2022
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right; background-color: white"><B>Exhibit
10.1</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><FONT STYLE="background-color: white">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. &nbsp;</FONT></P>

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

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
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 <TD STYLE="width: 49%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Principal Amount:&nbsp;Up to $747,500</FONT></TD>
 <TD STYLE="width: 51%">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in">Dated as of July 20, 2022</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">New York, New York</P></TD></TR>
 </TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">OCA
Acquisition Corp.,&nbsp;a Delaware corporation (the &ldquo;<B>Maker</B>&rdquo;), promises to pay to the order of OCA Acquisition Holdings
LLC, or its registered assigns or successors in interest<FONT STYLE="font-variant: small-caps">&nbsp;</FONT>(the &ldquo;<B>Payee</B>&rdquo;),
or order, the principal sum of up to Seven Hundred Forty-Seven Thousand Five Hundred Dollars ($747,500) in lawful money of the United
States of America, on the terms and conditions described below.&nbsp;&nbsp;All payments on this Note (unless the full principal is converted
pursuant to Section 15 below) 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.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>1. Principal.&nbsp;</B>The
principal balance of this Note shall be payable by the Maker on the earlier to occur of: (i) the date on which Maker consummates its initial
business combination (the &ldquo;<B>Business Combination</B>&rdquo;) and (ii) the date that the winding up of Maker is effective (such
date, the &ldquo;<B>Maturity Date</B>&rdquo;).&nbsp;The principal balance may be prepaid at any time, at the election of the Maker, without
premium or penalty. 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.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>2. Interest.</B>&nbsp;No
interest shall accrue on the unpaid principal balance of this Note.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>3. Funding.&nbsp;</B>
Payee shall fund the principal of this Note in full no later than July 20, 2022.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>4. Application
of Payments.</B>&nbsp;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&rsquo;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.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>5. Events
of Default.</B>&nbsp;The following shall constitute an event of default (&ldquo;<B>Event of Default</B>&rdquo;):</P>

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