Document:

Exhibit 4.3

 

[Form of Warrant Certificate] 

 

[FACE] 

 

	NUMBER	 	WARRANTS
	 	 	 
	_____ W	 	 

 

THIS WARRANT SHALL BE VOID IF NOT EXERCISED
PRIOR TO 

THE EXPIRATION OF THE EXERCISE PERIOD PROVIDED
FOR 

IN THE WARRANT AGREEMENT DESCRIBED BELOW 

 

ENERGY CLOUD I ACQUISITION CORPORATION

Incorporated Under the Laws of the British Virgin
Islands 

(Company No. 2071142)

 

CUSIP G303AW 109

 

Warrant Certificate 

 

This Warrant Certificate certifies that                      ,
or registered assigns, is the registered holder of warrant(s) evidenced hereby (the “Warrants” and each, a “Warrant”)
to purchase ordinary shares, no par value per share (“Ordinary Shares”), of Energy Cloud I Acquisition Corporation,
a British Virgin Islands Limited Company (the “Company”). Each whole Warrant entitles the holder, upon exercise
during the period set forth in the Warrant Agreement referred to below, to receive from the Company that number of fully paid and non-assessable shares
of Ordinary Shares as set forth below, at the exercise price (the “Exercise Price”) as determined pursuant to
the Warrant Agreement, payable in lawful money (or through “cashless exercise” as provided for in the Warrant
Agreement) of the United States of America upon surrender of this Warrant Certificate and payment of the Exercise Price at the office
or agency of the Warrant Agent referred to below, subject to the conditions as set forth herein and in the Warrant Agreement. Defined
terms used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement. 

 

Each whole Warrant is initially exercisable for
one fully paid and non-assessable share of Ordinary Shares. No fractional shares will be issued upon exercise of any Warrant.
If, upon the exercise of Warrants, a holder would be entitled to receive a fractional interest in a share of Ordinary Shares, the Company
will, upon exercise, round down to the nearest whole number the number of shares of Ordinary Shares to be issued to the Warrant holder.
The number of shares of Ordinary Shares issuable upon exercise of the Warrants is subject to adjustment upon the occurrence of certain
events, as set forth in the Warrant Agreement. 

 

The initial Exercise Price per share of Ordinary
Shares for any Warrant is equal to $11.50 per share. The Exercise Price is subject to adjustment upon the occurrence of certain events,
as set forth in the Warrant Agreement. The Warrants may be redeemed, subject to certain conditions, as set forth in the Warrant Agreement. 

 

Subject to the conditions set forth in the Warrant
Agreement, the Warrants may be exercised only during the Exercise Period and to the extent not exercised by the end of such Exercise Period,
such Warrants shall become void. 

 

     

     

    

 

Reference is hereby made to the further provisions
of this Warrant Certificate set forth on the reverse hereof and such further provisions shall for all purposes have the same effect as
though fully set forth at this place. 

 

This Warrant Certificate shall not be valid unless
countersigned by the Warrant Agent, as such term is used in the Warrant Agreement. 

 

This Warrant Certificate shall be governed by
and construed in accordance with the internal laws of the State of New York, without regard to conflicts of laws principles thereof. 

 

	 	ENERGY CLOUD I ACQUISITION CORPORATION
	 	 	 
	 	By:	 
	 	Name: 	Qingxun Kong
	 	Title:	Chief Executive Officer
	 	 	 
	 	CONTINENTAL STOCK TRANSFER &
	 	TRUST COMPANY, as Warrant Agent
	 	 	 
	 	By:	       
	 	Name: 	 
	 	Title:	 

 

    2

     

    

 

[Form of Warrant Certificate] 

[Reverse] 

 

The Warrants evidenced by this Warrant Certificate
are part of a duly authorized issue of Warrants entitling the holder on exercise to receive shares of Ordinary Shares and are issued or
to be issued pursuant to a Warrant Agreement dated as of [   ], 2022 (the “Warrant Agreement”),
duly executed and delivered by the Company to Continental Stock Transfer& Trust Company, a New York corporation, as warrant agent
(the “Warrant Agent”), which Warrant Agreement is hereby incorporated by reference in and made a part of this
instrument and is hereby referred to for a description of the rights, limitation of rights, obligations, duties and immunities thereunder
of the Warrant Agent, the Company and the holders (the words “holders” or “holder”
meaning the Registered Holders or Registered Holder, respectively) of the Warrants. A copy of the Warrant Agreement may be obtained by
the holder hereof upon written request to the Company. Defined terms used in this Warrant Certificate but not defined herein shall have
the meanings given to them in the Warrant Agreement. 

 

Warrants may be exercised at any time during the
Exercise Period set forth in the Warrant Agreement. The holder of Warrants evidenced by this Warrant Certificate may exercise them by
surrendering this Warrant Certificate, with the form of election to purchase set forth hereon properly completed and executed, together
with payment of the Exercise Price as specified in the Warrant Agreement (or through “cashless exercise” as provided for in
the Warrant Agreement) at the principal corporate trust office of the Warrant Agent. In the event that upon any exercise of Warrants evidenced
hereby the number of Warrants exercised shall be less than the total number of Warrants evidenced hereby, there shall be issued to the
holder hereof or his, her or its assignee, a new Warrant Certificate evidencing the number of Warrants not exercised. 

 

Notwithstanding anything else in this Warrant
Certificate or the Warrant Agreement, no Warrant may be exercised unless at the time of exercise (i) a registration statement covering
the issuance of the shares of Ordinary Shares to be issued upon exercise is effective under the Securities Act and (ii) a prospectus
thereunder relating to the shares of Ordinary Shares is current, except through “cashless exercise” as provided for in the
Warrant Agreement. 

 

The Warrant Agreement provides that upon the occurrence
of certain events the number of shares of Ordinary Shares issuable upon exercise of the Warrants set forth on the face hereof may, subject
to certain conditions, be adjusted. If, upon exercise of a Warrant, the holder thereof would be entitled to receive a fractional interest
in a share of Ordinary Shares, the Company shall, upon exercise, round down to the nearest whole number of shares of Ordinary Shares to
be issued to the holder of the Warrant. 

 

Warrant Certificates, when surrendered at the
principal corporate trust office of the Warrant Agent by the Registered Holder thereof in person or by legal representative or attorney
duly authorized in writing, may be exchanged, in the manner and subject to the limitations provided in the Warrant Agreement, but without
payment of any service charge, for another Warrant Certificate or Warrant Certificates of like tenor evidencing in the aggregate a like
number of Warrants. 

 

Upon due presentation for registration of transfer
of this Warrant Certificate at the office of the Warrant Agent a new Warrant Certificate or Warrant Certificates of like tenor and evidencing
in the aggregate a like number of Warrants shall be issued to the transferee(s) in exchange for this Warrant Certificate, subject to the
limitations provided in the Warrant Agreement, without charge except for any tax or other governmental charge imposed in connection therewith. 

 

The Company and the Warrant Agent may deem and
treat the Registered Holder(s) hereof as the absolute owner(s) of this Warrant Certificate (notwithstanding any notation of ownership
or other writing hereon made by anyone), for the purpose of any exercise hereof, of any distribution to the holder(s) hereof, and for
all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary. Neither the Warrants
nor this Warrant Certificate entitles any holder hereof to any rights of a shareholder of the Company. 

 

    3

     

    

 

Election to Purchase 

 

(To Be Executed Upon Exercise of Warrant) 

 

The undersigned hereby irrevocably elects to exercise
the right, represented by this Warrant Certificate, to receive shares of Ordinary Shares and herewith tenders payment for such shares
of Ordinary Shares to the order of Energy Cloud I Acquisition Corporation (the “Company”) in the amount of $ in accordance
with the terms hereof. The undersigned requests that a certificate for such shares of Ordinary Shares be registered in the name of  [   ],
whose address is and that such shares of Ordinary Shares be delivered to whose address is [   ]. If said number of shares
of Ordinary Shares is less than all of the shares of Ordinary Shares purchasable hereunder, the undersigned requests that a new Warrant
Certificate representing the remaining balance of such shares of Ordinary Shares be registered in the name of [   ], whose
address is and that such Warrant Certificate be delivered to [   ], whose address is        .

 

In the event that the Warrant has been called
for redemption by the Company pursuant to Section 6 of the Warrant Agreement and the Company has required cashless
exercise pursuant to Section 6.3 of the Warrant Agreement, the number of shares of Ordinary Shares that this Warrant
is exercisable for shall be determined in accordance with subsection 3.3.1(b) and Section 6.3 of
the Warrant Agreement. 

 

In the event that the Warrant is to be exercised
on a “cashless” basis pursuant to Section 7.4 of the Warrant Agreement, the number of shares of Ordinary
Shares that this Warrant is exercisable for shall be determined in accordance with Section 7.4 of the Warrant Agreement. 

 

In the event that the Warrant may be exercised,
to the extent allowed by the Warrant Agreement, through cashless exercise (i) the number of shares of Ordinary Shares that this Warrant
is exercisable for would be determined in accordance with the relevant section of the Warrant Agreement which allows for such cashless
exercise and (ii) the holder hereof shall complete the following: The undersigned hereby irrevocably elects to exercise the right,
represented by this Warrant Certificate, through the cashless exercise provisions of the Warrant Agreement, to receive shares of Ordinary
Shares. If said number of shares of Ordinary Shares is less than all of the shares of Ordinary Shares purchasable hereunder (after giving
effect to the cashless exercise), the undersigned requests that a new Warrant Certificate representing the remaining balance of such shares
of Ordinary Shares be registered in the name of , whose address is and that such Warrant Certificate be delivered to , whose address is
..  

 

	Date:         , 20	 	 
	 	 	(Signature)
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	(Address)
	 	 	 
	 	 	 
	 	 	(Social Security or Tax Identification Number)

 

    4

     

    

 

THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION
(BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM,
PURSUANT TO S.E.C. RULE 17 AND 15 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (OR ANY SUCCESSOR RULE)).

 

ASSIGNMENT

 

To Be Executed by the Registered Holder in Order
to Assign Warrants

 

For Value Received, hereby sell, assign, and transfer unto

 

 

 

(PLEASE TYPE OR PRINT NAME AND ADDRESS)

 

(SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER)

 

and be delivered to ________________________________________________________________________________

(PLEASE PRINT OR TYPE NAME AND ADDRESS)

 

_______________________ of the Warrants represented by this Warrant
Certificate, and hereby irrevocably constitute and appoint _________________________________________ Attorney to transfer this Warrant
Certificate on the books of the Company, with full power of substitution in the premises.

 

	Dated:	 	 	 
	 	 	(SIGNATURE)

 

THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION
(BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM,
PURSUANT TO S.E.C. RULE 17 AND 15 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (OR ANY SUCCESSOR RULE)).

 

 

5Exhibit 4.4

 

	NUMBER	RIGHTS

 

_______R

 

ENERGY CLOUD I ACQUISITION CORPORATION 

Incorporated Under the Laws of the British Virgin
Islands 

(Company No. 2071142)

 

SEE REVERSE FOR

CERTAIN DEFINITIONS

 

CUSIP G303AW 109

 

THIS CERTIFIES THAT, for value received

 

______________ is the registered holder of a right
or rights (the “Right” or “Rights,” respectively) to receive one-tenth of one share of ordinary shares, no par
value per share (“Ordinary Shares”), of ENERGY CLOUD I ACQUISITION CORPORATION (the “Company”) for each whole
Right evidenced by this Right Certificate on the Company’s completion of an initial business combination (as defined in the prospectus
relating to the Company’s initial public offering (“Prospectus”) upon surrender of this Right Certificate pursuant to
the Rights Agreement (the “Rights Agreement”) between the Company and Continental Stock Transfer & Trust Company (the
“Rights Agent”). In no event will the Company be required to net cash settle any Right.

 

Upon liquidation of the Company in the event an
initial business combination is not consummated during the required period as identified in the Company’s Amended and Restated Certificate
of Incorporation, as the same may be amended from time to time, the Right(s) shall expire and be worthless. The holder of a Right or Rights
shall have no right or interest of any kind in the Company’s trust account (as defined in the Prospectus).

 

Upon due presentment for registration of transfer
of the Right Certificate at the office or agency of the Rights Agent a new Right Certificate or Right Certificates of like tenor and evidencing
in the aggregate a like number of Rights shall be issued to the transferee in exchange for this Right Certificate, without charge except
for any applicable tax or other governmental charge.

 

The Company and the Rights Agent may deem and treat
the registered holder as the absolute owner of this Right Certificate (notwithstanding any notation of ownership or other writing hereon
made by anyone), for the purpose of any conversion hereof, of any distribution to the registered holder, and for all other purposes, and
neither the Company nor the Rights Agent shall be affected by any notice to the contrary.

 

Holders of a Right or Rights are not entitled to
any of the rights of a shareholder of the Company.

 

	Dated:	 	 
	 	 	 
	Secretary	[Corporate Seal]	Chairman of the Board
	 	2022	 

 

     

     

    

 

The following abbreviations, when used in the inscription on the face
of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations:

 

	TEN COM –	 	as tenants in common	 	UNIF GIFT MIN ACT-           Custodian          
	TEN ENT –	 	as tenants by the entireties	 	(Cust)              (Minor)
	JT TEN –	 	as joint tenants with right of survivorship and not as tenants in common Act	 	
    under Uniform Gifts to Minors Act

    _______________(State)

 

Additional Abbreviations may also be used though
not in the above list.

 

ENERGY CLOUD I ACQUISITION CORPORATION

 

The Company will furnish without charge to each
shareholder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each
class of shares or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights.
This certificate and the rights represented thereby are issued and shall be held subject to all the provisions of the Rights Agreement,
and all amendments thereto, to all of which the holder of this certificate by acceptance hereof assents.

 

For value received, _____________________ hereby
sell, assign and transfer unto

 

PLEASE INSERT SOCIAL SECURITY OR OTHER

IDENTIFYING NUMBER OF ASSIGNEE

 

	 	 
	 	 

 

	 
	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
	 
	 
	 
	 
	 
	 
	 
	Rights represented by the within Certificate, and do hereby irrevocably constitute and appoint
	 
	 	Attorney to transfer
	the said Rights on the books of the within named Company will full power of substitution in the premises.
	 
	Dated __________

 

	 	Notice:	The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.

 

	Signature(s) Guaranteed:	 
	 	 
	 	 
	THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15).

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