Stratim Cloud Acquisition Corp. entered into a Promissory Note with its sponsor, Stratim Cloud Acquisition, LLC. Pursuant to the Promissory Note, the Sponsor has agreed to provide the Company with a loan up to a principal amount of USD 250,000 with an interest rate of 10% per annum, computed at a daily rate of 0.0278%.

All unpaid principal and interest under the Promissory Note shall be due and payable in full on the date by which the Company completes a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Company and one or more businesses pursuant to its Amended and Restated Certificate of Incorporation. The foregoing description of the Promissory Note does not purport to be complete and is qualified in its entirety by the terms and conditions of the Promissory Note.