CC Neuberger Principal Holdings II announced that it entered into agreement with returning investor CC Neuberger Principal Holdings II Sponsor, LLC for issuing unsecured promissory note at a principal amount of $800,000 on January 7, 2022. The notes do not bear interest. The note is subject to customary events of default, the occurrence of which automatically trigger the unpaid principal balance of the note and all other sums payable with regard to the Note becoming immediately due and payable.

The Note was issued pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.