SEC Filing Document

Company: Jones Ventures INTL Acquisition1 Corp
Ticker: 
CIK: 2129056
Filing Type: S-1
Document Type: EX-10.3
Date Filed: 2026-05-15
Accession Number: 0001213900-26-057072
Exchange: 
SIC Code: 6770
SIC Description: Blank Checks
URL: https://www.sec.gov/Archives/edgar/data/2129056/000121390026057072/ea028579202ex10-3.htm

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Exhibit 10.3

THIS PROMISSORY NOTE (“NOTE”)
HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). 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.

AMENDED AND RESTATED PROMISSORY
NOTE

Principal Amount: Up to $300,000
(as set forth on the Schedule of Borrowings attached hereto)	Dated as of March 10, 2026

This Amended
and Restated Promissory Note (this “Note”) amends and restates the Promissory Note, dated as of June 17, 2021 (the
“Original Note”) from Jones Ventures INTL Acquisition1 Corp, a Cayman Islands exempt company (the “Maker”),
payable to the order of Jones Ventures INTL Acquisition Sponsor LLC or its registered assigns or successors in interest (the “Payee”).
The terms, conditions and provisions of the Original Note, all amendments to and/or restatements of the Original Note made or purported
to be made prior to the date hereof, are hereby amended and restated in their entirety effective as of the date hereof so that henceforth
the terms, conditions and provisions of the Original Note shall read and be as set forth in this Note and Maker agrees to comply with
and be subject to all of the terms, covenants and conditions of this Note effective as of the date hereof. Maker hereby acknowledges and
agrees that this Note evidences the outstanding principal balance evidenced by the Original Note, as amended and restated pursuant to
the first sentence of this paragraph, together with any additional draw down on the principal of this Note. Neither this Note nor anything
contained herein shall be construed as a substitution or novation of the Original Note. This Note supersedes the Original Note and all
amendments to and/or restatements of the Original Note and, upon the execution and delivery by the Payee, the Original Note and all such
earlier amendments and restatements shall have no further force and effect.

Jones Ventures
INTL Acquisition1 Corp, a Cayman Islands exempted company (the “Maker”), promises to pay to the order of Jones Ventures
INTL Acquisition1 Sponsor LLC, a Cayman Islands limited liability company, or its registered assigns or successors in interest (the “Payee”),
or order, the principal sum of up to Three Hundred Thousand

U.S. Dollars ($300,000) (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. 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.

1. Principal.
The principal balance of this Note shall be payable by the Maker on the date on which Maker consummates an initial public offering
of its securities. The principal balance may be prepaid at any time. 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.

2. Interest. No interest shall accrue on the unpaid principal balance of this Note.

3. Drawdown
Requests. The Maker and the Payee agree that the Maker may request up to Three Hundred Thousand Dollars ($300,000) for costs reasonably
related to the IPO. The principal of this Note may be drawn down from time to time prior to the date on which the Maker consummates an
initial public offering of its securities, upon written request from the Maker to the Payee (each, a “Drawdown Request”).
Each Drawdown Request must state the amount to be drawn down, and must not be an amount less than One Thousand Dollars ($1,000) unless
agreed upon by the Maker and the Payee. The Payee shall fund each Drawdown Request no later than one (1) business day after receipt of
a Drawdown Request; provided, however, that the maximum amount of drawdowns collectively under this Note is Three Hundred Thousand Dollars
($300,000). No fees, payments or other amounts shall be due to the Payee in connection with, or as a result of, any Drawdown Request by
the Maker.

4. Application
of Payments. 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’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.

5. Events of Default. Each of the following shall constitute an event of default (“Event of Default”):

a.	Failure to Make Required Payments . Failure by the Maker to pay the principal
amount due pursuant to this Note within five (5) business days of the date specified above.

b.	Voluntary Bankruptcy, Etc . The commencement by the Maker of a voluntary
case under any applicable bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment
of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of the Maker
or for any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of the
Maker generally to pay its debts as such debts become due, or the taking of corporate action by the Maker in furtherance of any of the
foregoing.

c.	Involuntary Bankruptcy, Etc. The entry of a decree or order for relief by
a court having jurisdiction in the premises in respect of the Maker in an involuntary case under any applicable bankruptcy, insolvency
or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or other similar official) of
the Maker or for any substantial part of its property, or ordering the winding-up or liquidation of its affairs, and the continuance of
any such decree or order unstayed and in effect for a period of 60 consecutive days.

6. Remedies.

a.	Upon the occurrence of an Event of Default specified in Section 5(a) hereof, the Payee may, by written
notice to the Maker, declare this Note to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all
other amounts payable thereunder, shall become immediately due and payable without presentment, demand, protest or other notice of any
kind, all of which are hereby expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

b.	Upon the occurrence of an Event of Default specified in Sections 5(b) and 5(c) hereof, the unpaid principal
balance of this Note, and all other sums payable with regard to this Note, shall automatically and immediately become due and payable,
in all cases without any action on the part of the Payee.

7. Waivers.
The Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor,
protest, and notice of protest with regard to this Note, all errors, defects and imperfections in any proceedings instituted by the Payee
under the terms of this Note, and all benefits that might accrue to the Maker by virtue of any present or future laws exempting any property,
real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution,
or providing for any stay of execution, exemption from civil process, or extension of time for payment; and the Maker agrees that any
real estate that may be levied upon pursuant to a judgment obtained by virtue hereof, on any writ of execution issued hereon, may be sold
upon any such writ in whole or in part in any order desired by the Payee.

8. Unconditional
Liability. The Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement of
the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other party, and
shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to by the
Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by the Payee with respect
to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may become parties
hereto without notice to the Maker or affecting the Maker’s liability hereunder.