Item 1.01 Entry into a Material Definitive Agreement.

On April 13, 2022, Monument Circle Acquisition Corp. (the "Company") executed a Promissory Note (the "Note") with Monument Circle Sponsor, LLC (the "Sponsor") in the aggregate amount of up to $300,000 for the Company's working capital needs. The Note is without interest and matures on the earlier of (i) the date the winding up of the Company is effective or (ii) the date the Company completes its initial business combination, and may be prepaid by the Company at any time without premium or penalty. Draws under the Note may be made by the Company upon five business days' notice to the Sponsor in amounts of at least $10,000, and the Company expects to draw substantially the full amount of the Note. Events of default under the Note consist of the failure to timely repay the Note at maturity, as well as voluntary or involuntary bankruptcy, reorganization, insolvency or similar actions. The Sponsor retains the right but not the obligation to convert some or all of the unpaid principal under the Note into warrants exercisable for one share of Class A common stock of the Company at a rate of one warrant for every one dollar of principal converted. These warrants are identical to the warrants issued to the Sponsor in the private placement that occurred upon consummation of the Company's initial public offering. The warrants are also entitled to demand and piggyback registration under terms consistent with the Registration Rights Agreement between the Company and the parties thereto, dated January 13, 2021. In the Note, the Sponsor affirmatively waives any claims against the Company's trust account.

The foregoing summary is qualified by reference to the Note, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.


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Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an

Off-Balance Sheet Arrangement of a Registrant.

Reference is made to the disclosure under Item 1.01 above which is incorporated in this Item 2.03 by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.



Exhibit
Number                                  Description
 10.1       Promissory Note from Monument Circle Acquisition Corp and Monument
          Circle Sponsor, LLC, dated April 13, 2022.
          Cover Page Interactive Date File (embedded within the Inline XBRL
  104     document).

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