On September 19, 2022, Horizon Acquisition Corporation II obtained working capital loans in the total amount of $1,500,000 from the company's sponsor (Horizon II Sponsor, LLC) and an affiliate thereof (Vista Portfolio Trust, LLC). The loans made by each lender are each evidenced by a promissory note. The company expects to use the proceeds of the loans to fund working capital deficiencies and to finance transaction costs in connection with a potential business combination (as to which there can be no assurance).

The Notes are unsecured obligations of the Company. They are payable from assets of the Company other than the company's Trust Account (as defined in the Company's Amended and Restated Memorandum and Articles of Association). Each Note provides that the holder waives recourse to the Trust Account.

The principal balance of each Note is payable on the earlier of (i) the date on which the Company consummates its initial business combination and (ii) the date on which the Company liquidates the Trust Account upon the failure of the Company to consummate its initial business combination within the time period set forth in the company's Amended and Restated Memorandum and Articles of Association.