Full Press Release Details
PROMISSORY 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
Acquisition, Inc., a Delaware corporation (the "Maker"), promises to pay to the order of Pine Valley Investments LLC
or its registered assigns or successors in interest (the "Payee") the principal sum of up to Eight Hundred Fifty Thousand
Dollars ($850,000) in lawful money of the United States of America, on the terms and conditions described below. All payments on this
promissory note (this "Note") shall be made by check or wire transfer of immediately available funds or as otherwise
determined by Maker to such account as the Payee may from time to time designate by written notice in accordance with the provisions
Petra Acquisition, Inc.
Valley Investments LLC
Harry Morad, Managing Partner
shall be deemed given on the earlier of (i) actual receipt by the receiving party, (ii) the date shown on a facsimile transmission confirmation,
(iii) the date reflected on a signed delivery receipt, or (iv) two (2) Business Days following tender of delivery or dispatch by express
mail or delivery service.
anything herein to the contrary, Payee hereby agrees that he, she or it does not have any right, title, interest or claim of any kind
in or to any monies in the Trust Account and hereby agrees that, he, she or it will not seek recourse against the Trust Account for any
claim it may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with the Maker; provided
that (a) nothing herein shall serve to limit or prohibit Payee's right to pursue a claim against the Maker for legal relief against
monies or other assets held outside the Trust Account, for specific performance or other equitable relief in connection with the consummation
of the transactions contemplated hereby (including a claim against the Maker to specifically perform its obligations under this Note)
so long as such claim would not affect the Maker's ability to fulfill its obligation to effectuate any redemption, and (b) nothing
herein shall serve to limit or prohibit any claims that Payee may have in the future against the Maker's assets or funds that are
not held in the Trust Account (including any funds that have been released from the Trust Account upon completion of the Business Combination
and any assets that have been purchased or acquired with any such funds).
WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this Note to be duly executed on the day and year first above
| PETRA ACQUISITION, INC. | |||
| By: | /s/ Andreas Typaldos | ||
| Name : | Andreas Typaldos | ||
| Title: | Chief Executive Officer |