Convertible Promissory NoteConvertible Note • December 20th, 2024 • Armlogi Holding Corp. • Public warehousing & storage
This Note is being issued pursuant to Section 2.01 of the Standby Equity Purchase Agreement, dated as of November 25, 2024 (as may be amended, amended and restated, extended, supplemented or otherwise modified in writing from time to time, the “SEPA”), by and between the Company and YA II PN, Ltd., as the Investor. This Note may be repaid in accordance with the terms of the SEPA, including, without limitation, pursuant to Investor Notices and corresponding Advance Notices deemed given by the Company in connection with such Investor Notices. The Holder also has the option of converting on one or more occasions all or part of the then outstanding balance under this Note by delivering to the Company one or more Conversion Notices in accordance with Section 3 of this Note.
