Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement or a Registrant.
On May 12, 2023, Global Partner Acquisition Corp II (the "Company") drew an
aggregate of $150,000 (the "Extension Funds"), as approved by unanimous director
resolution, dated May 9, 2023, pursuant to the Promissory Note, dated January
13, 2023 between the Company and Global Partner Sponsor II LLC (the "Note"),
which Extension Funds the Company deposited into the Company's trust account for
its public shareholders. This deposit enables the Company to extend the date by
which it must complete its initial business combination from May 14, 2023 to
June 14, 2023 (the "Extension"). The Extension is the first of nine one-month
extensions permitted under the Company's amended and restated memorandum and
articles of association and provides the Company with additional time to
complete its initial business combination. The Note does not bear interest and
matures upon closing of the Company's initial business combination. In the event
that the Company does not consummate a business combination, the Note will be
repaid only from amounts remaining outside of the Company's trust account, if
any. Up to $1,750,000 of the total principal amount of the Note may be
converted, in whole or in part, at the option of the lender into warrants of the
Company at a price of $1.50 per warrant, which warrants will be identical to the
private placement warrants issued to Global Partner Sponsor II LLC at the time
of the initial public offering of the Company.
1© Edgar Online, source Glimpses
GLOBAL PARTNER ACQUISITION CORP II 
