On September 8, 2022, Oxus Acquisition Corp. (the “Company”) entered into Promissory Note with the Company's sponsor, Oxus Capital PTE. LTD, pursuant to which the Company may borrow up to an aggregate principal amount of $1,500,000.

The Promissory Note is non-interest bearing and due on the date on which the Company consummates its initial business combination. If the Company completes a business combination, the Company would repay any loaned amounts, without interest, upon consummation of the business combination. In the event that a business combination does not close, the Company may use a portion of the working capital held outside the trust account to repay any loaned amounts but no proceeds from the Company's trust account would be used for such repayment.

The issuance of the Promissory Note was unanimously approved by the Company's board of directors, including all the members of the audit committee, on September 6, 2022. As of September 13, 2022, there was no amount outstanding under the Promissory Note.