SEC Contract Filing

Filing Date: 2024-03-25

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ef20025004_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 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;).&#160; 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.</div>
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 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">SECOND AMENDED AND RESTATED PROMISSORY NOTE</div>
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 <div style="text-align: right;">&#160;Dated as of March 19, 2024</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">Learn CW Investment Corporation, a Cayman Islands exempted company and blank check company (the &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Maker</font>&#8221;),<font style="font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>promises to pay to the order of CWAM LC Sponsor LLC, a Delaware limited liability company, or its registered assigns or successors in
 interest (the &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Payee</font>&#8221;),<font style="font-family: 'Times New Roman'; font-weight: bold;">&#160;</font>or order, the principal sum of up to Three Million Fifty Thousand U.S. Dollars
 (U.S.$3,050,000) (as set forth on the Schedule of Borrowings attached hereto) in lawful money of the United States of America, on the terms and conditions described below.&#160; 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.</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">This Note amends, restates, replaces and supersedes that certain Amended and Restated Promissory Note, dated as of December 29, 2023 (the &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Existing Note</font>&#8221;), executed by Maker in favor of Payee.&#160; From and after the execution and delivery of this Note, (i) the indebtedness heretofore evidenced by the Existing Note shall
 instead by evidenced by this Note and (ii) the Existing Note shall thereupon be deemed cancelled.</div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.</font><font style="font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman';"><font style="font-family: 'Times New Roman'; font-weight: bold;">Principal</font>.<font style="font-family: 'Times New Roman'; font-weight: bold;">&#160; </font>The principal balance of this Note shall be repayable on the consummation of the Maker&#8217;s initial merger, share exchange,
 asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities (a &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Business Combination</font>&#8221;).&#160; Payee understands that
 if a Business Combination is not consummated, this Note will not be repaid and all amounts owed hereunder will be forgiven except to the extent that the Maker has funds available to it outside of its trust account established in connection with
 its initial public offering.</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';">2.</font><font style="font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman';"><font style="font-family: 'Times New Roman'; font-weight: bold;">Interest</font>.&#160; No interest shall accrue on th