Item 8.01 Other Events.
On January 6, 2021, in connection with its previously announced proposed
business combination, LF Capital Acquisition Corp. (the "Company") entered into
amendments (collectively, the "Amendments") to that certain Promissory Note,
dated July 16, 2020, by and between Level Field Capital, LLC and the Company and
that certain Convertible Promissory Note, dated March 4, 2019, by and between
Level Field Capital, LLC and the Company (collectively, the "Notes"), each as
from time to time amended, in order to change the Maturity Date (as defined in
the applicable Note) of the Notes to be the later of December 31, 2020 and the
Closing Date (as defined in that certain Agreement and Plan of Merger, dated as
of August 31, 2020, by and among the Company, LFCA Merger Sub, Inc., Landsea
Homes Incorporated, and Landsea Holdings Corporation). The foregoing description
of the Amendments is qualified in its entirety by the full text of the
Amendments, which are filed as Exhibit 10.1 and 10.2 hereto, respectively, and
incorporated herein by reference.
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