Golden Arrow Merger Corp. issues $400K promissory note to sponsor for working capital

Bolt Projects Holdings, Inc.

Up to $400,000 unsecured promissory note issued to Golden Arrow Sponsor LLC on August 26, 2022.
Note bears no interest; principal due upon consummation of initial business combination.
Sponsor may convert outstanding principal into warrants at $1.50 per warrant, identical to private placement warrants.
Proceeds intended for working capital purposes ahead of business combination.

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