ACAB enters expense advancement agreement with sponsor for up to $600k

Abpro Holdings, Inc.

Sponsor advances up to $600,000 aggregate, including $240,000 previously advanced, interest-free.
Advances due on demand; upon business combination, sponsor may deem repaid or treat as Unpaid SPAC Expenses.
Funds used for working capital, stock redemptions, and costs related to Abpro Corporation merger.
Each advance evidenced by a promissory note; notes accrue no interest and are repayable on demand.

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