EDOC ACQUISITION CORP. : Entering into a Material Definitive Agreement, Creating a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (Form 8-K)



Section 1.01. Conclusion of a significant definitive agreement.

On November 16, 2022, EDOC Acquisition Corp.an ad hoc acquisition company incorporated in Cayman Islands exempt company (the “Company”), has issued a promissory note (the “Note”) for an aggregate principal amount of up to
$303,993.75 at American Doctors LLC, Delaware limited liability, the Company’s sponsor (the “Extension Funds”), pursuant to which Extension Funds will be deposited in the Company’s trust account (the “Trust Account”) for each common share of Class A of the Company (“Public Action”) which has not been reimbursed in connection with the postponement of the date of termination of the Company
August 12, 2022 at February 12, 2023.

The Company will deposit a pro rata portion of the Expansion Funds into the Trust Account, equivalent to $0.05 per remaining Public Action, for each calendar month (beginning on November 12, 2022 and December 12, 2022 and January 2023), necessary to complete a first business combination (the “Business Combination”). The principal amount of this note can be drawn in three equal tranches of $101,331.25.

The Bond bears no interest and is redeemable in full on the earlier of (a) the date of completion of the Business Combination, or (b) the date of liquidation of the Company.

The foregoing description is qualified in its entirety by reference to the Note, a copy of which is attached as Schedule 10.1 hereto and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

The information contained in Section 1.01 of this Current Report on Form 8-K is incorporated by reference into this Section 2.03.

Item 9.01 Financial statements and supporting documents.

  (d) Exhibits

Exhibit No.   Description
10.1            Promissory Note issued to American Physicians LLC, dated November 16,
104           Cover Page Interactive Data File (embedded within the Inline XBRL


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