Global Partner Acquisition Corp II announced a private placement issued a promissory note for principal amount of up to $2,000,000 to returning investor, Global Partner Sponsor II LLC for gross proceeds of $2,000,000 on August 1, 2022. The note was issued in connection with advances the payee may make to the company for expenses reasonably related to its business and the consummation of the business combination. The note bears no interest and is due and payable upon the earlier to occur of (i) January 14, 2023, and (ii) the effective date of a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination, involving the Company and one or more businesses.

As of August 3, 2022, the outstanding principal balance under the note was $200,000. The company has issued the note pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933.