Document:

Exhibit 4.3

  

   

    

  
    
      EXHIBIT A

      

      

      FORM OF NOTE

       

      HEARTLAND FINANCIAL USA, INC.

      2.75 % FIXED-TO-FLOATING RATE SUBORDINATED NOTES DUE SEPTEMBER 15, 2031

      

      

      	
              CUSIP No.

            	
              42234Q AE2

            
	
              ISIN No.

            	
              US42234QAE26

            

       

      THIS SECURITY IS A GLOBAL SECURITY AND IS REGISTERED IN THE NAME OF CEDE & CO., THE NOMINEE OF THE DEPOSITORY TRUST COMPANY (THE “DEPOSITARY”). UNLESS AND
        UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN CERTIFICATED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER
        NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.

       

      UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TO HEARTLAND FINANCIAL USA, INC. OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE
        OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS IS REQUESTED BY AN
        AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

       

      THIS SECURITY IS AN UNSECURED SUBORDINATED DEBT OBLIGATION OF HEARTLAND FINANCIAL USA, INC. THIS SECURITY IS NOT A DEPOSIT OR SAVINGS ACCOUNT AND IS
        NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

       

      THIS SECURITY IS SUBORDINATED ON LIQUIDATION, AS TO PRINCIPAL, INTEREST AND PREMIUM, TO ALL CLAIMS AGAINST HEARTLAND FINANCIAL USA, INC. THAT HAVE THE SAME PRIORITY AS
        SAVINGS ACCOUNTS, DEPOSIT OR A HIGHER PRIORITY, IS NOT SECURED BY THE ASSETS OF HEARTLAND FINANCIAL USA, INC. OR BY THE ASSETS OF ANY OF ITS SUBSIDIARIES OR AFFILIATES, AND IS INELIGIBLE AS COLLATERAL TO SECURE A LOAN BY HEARTLAND FINANCIAL USA,
        INC.

       

      THIS SECURITY IS ISSUABLE IN A MINIMUM DENOMINATION OF $1,000 AND INTEGRAL MULTIPLES OF $1,000 IN EXCESS OF $1,000 AND MAY NOT BE EXCHANGED FOR SECURITIES OF HEARTLAND
        FINANCIAL USA, INC. WITH A SMALLER DENOMINATION. EACH OWNER OF A BENEFICIAL INTEREST IN THE SECURITIES IS REQUIRED TO HOLD SUCH BENEFICIAL INTEREST IN A PRINCIPAL AMOUNT OF $1,000 OR AN INTEGRAL MULTIPLE OF $1,000 IN EXCESS THEREOF AT ALL TIMES.

       

      THIS SECURITY HAS NOT BEEN APPROVED OR DISAPPROVED BY THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES
        COMMISSION.

      

      

      	
              No.

            	 
	
              INITIAL PRINCIPAL AMOUNT:

            	
              $150,000,000

            	 
	
              ISSUE DATE:

            	
              September 8, 2021

            
	
              MATURITY DATE:

            	
              September 15, 2031

            
	
              INTEREST PAYMENT DATE(S):

            	
              March 15 and September 15 of each year,

              beginning on March 15, 2022 and ending

              on September 15, 2026; March 15, June 15,

              September 15, and December 15 of each

              year, beginning on December 15, 2026

            

      

      

      
        

        
          

      

      Heartland Financial USA, Inc., a Delaware corporation, and any successor thereto (herein called the “Corporation”), for value received, hereby promises to pay or
        deliver, as the case may be, to CEDE & CO., or registered assigns, the principal sum of ONE HUNDRED FIFTY MILLION ($150,000,000) United States dollars on the maturity date shown above (the “Maturity Date”) unless redeemed prior to such
        date.

       

      From and including the date of original issuance to, but excluding September 15, 2026, or the date of earlier redemption (the “Fixed Rate Period”), this Security
        will bear interest at a fixed rate per annum of 2.75%, payable semi-annually in arrears on March 15 and September 15 of each year (each, a “Fixed Rate Interest Payment Date”), commencing on March 15, 2022. The last Fixed Rate Interest
        Payment Date for the Fixed Rate Period will be September 15, 2026.

       

      From and including September 15, 2026, to but excluding the Maturity Date or the date of earlier redemption (the “Floating Rate Period”) this Security will bear
        interest at a floating rate per annum equal to the Benchmark rate (which is initially to be Three-Month Term SOFR) plus 210 basis points for each quarterly interest period during the Floating Rate Period, payable quarterly in arrears on March 15,
        June 15, September 15 and December 15 of each year (each, a “Floating Rate Interest Payment Date,” and, together with the Fixed Rate Interest Payment Dates, the “Interest Payment Dates”), commencing on December 15, 2026.
        Notwithstanding the foregoing, in the event that the Benchmark rate is less than zero, the Benchmark rate shall be deemed to be zero.

       

      For the purpose of calculating the interest on this Security for each interest period during the Floating Rate Period when the Benchmark is Three-Month Term SOFR, “Three-Month

          Term SOFR” means Term SOFR for a tenor of three months that is published by the Term SOFR Administrator at the Reference Time for any floating rate interest period, as determined by the Calculation Agent after giving effect to the Three-Month
        Term SOFR Conventions.

       

      If the Calculation Agent determines on or prior to the relevant Reference Time that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred
        with respect to Three-Month Term SOFR, then the Benchmark Transition Provisions will thereafter apply to all determinations of the interest rate on this Security for each interest period during the Floating Rate Period. In accordance with the
        Benchmark Transition Provisions, after a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, the interest rate on this Security for each interest period during the Floating Rate Period will be an annual rate equal
        to the Benchmark Replacement plus 210 basis points.

       

      Absent manifest error, the Calculation Agent’s determination of the interest rate for an interest period for this Security will be binding and conclusive. The Calculation
        Agent will promptly provide its determination of any interest rate during the Floating Rate Period to the Paying Agent and the Corporation.

       

      Interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months during the Fixed Rate Period and, during the Floating Rate Period, on the
        basis of a 360-day year and the actual number of days elapsed. Dollar amounts resulting from that calculation will be rounded to the nearest cent, with one-half cent being rounded upward.

       

      Interest on this Security, subject to certain exceptions, will accrue during the applicable interest period. The term “interest period” means the period from and
        including the immediately preceding Interest Payment Date in respect of which interest has been paid or duly provided for or, if no interest has been paid or duly provided for, from and including the date of issuance of this Security to, but
        excluding, the applicable Interest Payment Date or the Maturity Date or date of earlier redemption, if applicable. If a Fixed Rate Interest Payment Date or the Maturity Date falls on a day that is not a Business Day, then the interest payment or
        the payment of principal and interest at maturity will be made on the next succeeding Business Day, and the payments made on such date will be treated as being made on the date that the payment was first due and the holders of the Notes will not be
        entitled to any further interest or other payments in respect thereof. However, if a Floating Rate Interest Payment Date falls on a day that is not a Business Day, then such Floating Rate Interest Payment Date will be postponed to the next
        succeeding Business Day unless such day falls in the next succeeding calendar month, in which case such Floating Rate Interest Payment Date will be accelerated to the immediately preceding Business Day, and, in either case, the amounts payable on
        such Business Day will include interest accrued to, but excluding, such Business Day.

       

      

      
        

        
          

      

      Interest on this Security will be payable to the person in whose name this Security is registered on the fifteenth day immediately preceding the applicable Interest
        Payment Date, whether or not such day is a Business Day. Any interest which is payable, but is not punctually paid or duly provided for, on any interest payment date shall cease to be payable to the holder on the relevant record date by virtue of
        having been such holder, and such defaulted interest may be paid by the Corporation to the person in whose name this Security is registered at the close of business on a special record date for the payment of defaulted interest. However, interest
        that is paid on the Maturity Date will be paid to the person to whom the principal is payable. Interest will be payable by wire transfer in immediately available funds in U.S. dollars to DTC or its nominee.

       

      If any of the foregoing provisions concerning the calculation of the interest rate and interest payments during the Floating Rate Period are inconsistent with any of the
        Three-Month Term SOFR Conventions determined by the Calculation Agent, then the relevant Three-Month Term SOFR Conventions will apply. Furthermore, if the Calculation Agent determines that a Benchmark Transition Event and its related Benchmark
        Replacement Date have occurred with respect to Three-Month Term SOFR at any time when this Security is outstanding, then the foregoing provisions concerning the calculation of the interest rate and interest payments during the Floating Rate Period
        will be modified in accordance with the Benchmark Transition Provisions.

       

      Payment of interest on this Security may be subject to prior approval by the Board of Governors of the Federal Reserve System (the “Federal Reserve”) or other applicable
        regulator of the Corporation if the Corporation is undercapitalized or has been so required by the Federal Reserve or other applicable regulatory authority.

       

      THE SECURITY MAY NOT BE REPAID PRIOR TO MATURITY, EITHER PURSUANT TO ACCELERATION IN AN EVENT OF DEFAULT, REPURCHASE BY THE CORPORATION OR OTHERWISE, WITHOUT PRIOR
        APPROVAL OF THE FEDERAL RESERVE TO THE EXTENT THEN REQUIRED UNDER APPLICABLE LAWS OR REGULATIONS, INCLUDING CAPITAL REGULATIONS.

       

      Payment of principal of and premium, if any, and interest on, this Security will be made in such coin or currency of the United States of America as at the time of
        payment is legal tender for payment of public and private debts. The Corporation will at all times appoint and maintain a Paying Agent authorized by the Corporation to pay the principal of, and interest on, this Security on behalf of the
        Corporation and having an office or agency (the “Paying Agent Office”) in the United States of America (the “Place of Payment”), where this Security may be presented or surrendered for payment and where notices, designations or requests in respect
        of payments with respect to this Security may be served. The Corporation has initially appointed U.S. Bank National Association as such Paying Agent, with the Paying Agent Office currently located at 60 Livingston Ave., Saint Paul, Minnesota 55107,
        Attention: Global Corporate Trust.

       

      The Corporation will act as the initial Calculation Agent. If the Corporation does not remain the Calculation Agent, the Corporation shall notify the Paying Agent of the
        party that has been appointed as Calculation Agent. In no event shall the Trustee or Paying Agent act as Calculation Agent.

       

      Payment of the principal of, and premium, if any, and interest on, this Security due at maturity will be made in immediately available funds upon presentation and
        surrender of this Security to the Paying Agent at the Paying Agent Office in the Place of Payment; provided that this Security is presented to the Paying Agent in time for the Paying Agent to make such payment in accordance with its normal
        procedures. Payments of interest on this Security (other than at maturity) will be made by wire transfer to such account as has been appropriately designated to the Paying Agent by the person entitled to such payments.

       

      The Corporation may, without the consent of the Holder of this Security, create and issue additional notes ranking equally with this Security and otherwise same in all
        respects (except for the issue date, issue price and first Interest Payment Date), provided that any such additional notes are fungible with the Securities for U.S. Federal income tax purposes. Such further notes shall be consolidated and form a
        single series with this Security.

       

      Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect
        as if set forth at this place.

       

      (Remainder of page intentionally left blank)

      

      

      
        

        
          

      

      IN WITNESS WHEREOF, the Corporation has caused this instrument to be duly executed by manual or facsimile signature.

      

      

      	 	
              HEARTLAND FINANCIAL USA, INC.

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	
              Bryan R. McKeag

            
	 	
              Title:

            	
              Executive Vice President and Chief Financial Officer

            
	 	 	 

      	Dated: 	 	 

      

      

      	
              Attest:

            	 	 
	
              Name:

              

            	Jay L. Kim	 
	
              Title:

            	Executive Vice President, General Counsel and Corporate Secretary	 

       

      
        

        
          

      

      TRUSTEE’S CERTIFICATE OF AUTHENTICATION

       

      This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture.

      

      

      	 	
              U.S. BANK NATIONAL ASSOCIATION, as Trustee

            
	 	 
	 	
              By:

            
	 	
              Name: Linda Garcia

            
	 	
              Title: Vice President

            

      

      

      	Dated:	 	 

      

      

      
        

        
          

      

      REVERSE OF SECURITY

       

      This Security is one of a duly authorized issue of 2.75% Fixed-to-Floating Rate Subordinated Notes due 2031 of the Corporation (the “Securities”), issued and to be issued
        in one or more series under an Indenture, dated as of December 17, 2014 (the “Base Indenture”), as supplemented by that Second Supplemental Indenture, dated September 8, 2021 (the “Supplemental Indenture,” and together with the Base Indenture, the
        “Indenture”), between the Corporation and U.S. Bank National Association, as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), to which the Indenture and all indentures supplemental thereto
        reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Trustee, the Corporation and the Holders of the Securities, and to which Indenture reference is hereby made for a
        statement of the terms upon which the Securities of this series are, and are to be, authenticated and delivered. By the terms of the Indenture, the Securities are issuable in series that may vary as to amount, date of maturity, rate of interest,
        rank and in any other respect provided in the Indenture.

       

      The Corporation’s indebtedness evidenced by this Security is, to the extent provided in the Indenture, subordinate and subject in right of payment to the prior payment in
        full of all Senior Indebtedness, and this Security is issued subject to the provisions of the Indenture with respect thereto. Each Holder of this Security, by accepting the same, (a) agrees to and shall be bound by such provisions, (b) authorizes
        and directs the Trustee on his, her or its behalf to take such actions as may be necessary or appropriate to effectuate the subordination so provided and (c) appoints the Trustee his, her or its attorney-in-fact for any and all such purposes. Each
        Holder hereof, by his, her or its acceptance hereof, waives all notice of the acceptance of the subordination provisions contained herein and in the Indenture by each holder of Senior Indebtedness Debt, whether now outstanding or hereafter created,
        incurred, assumed or guaranteed, and waives reliance by each such holder upon said provisions.

       

      The Indenture contains provisions for defeasance of this Security upon compliance with certain conditions set forth in the Indenture.

       

      If certain Events of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series may be declared due
        and payable in the manner and with the effect provided in the Indenture.  The Corporation waives demand, presentment for prepayment, notice of nonpayment, notice of protest and all other notices to the extent it may lawfully do so.

       

      The Corporation may, at its option, redeem the Securities, in whole or in part, at a redemption price equal to 100% of the principal amount of the Securities to be
        redeemed plus accrued and unpaid interest to, but excluding, the Redemption Date, on September 15, 2026 and on any Interest Payment Date thereafter. The Corporation may also, at its option, redeem the Securities before the Maturity Date, in whole,
        but not in part, upon the occurrence of a Capital Event, a Tax Event or an Investment Company Event. Any such redemption will be at a redemption price equal to 100% of the principal amount of the Securities to be redeemed plus accrued and unpaid
        interest to, but excluding, the Redemption Date fixed by the Corporation.

       

      The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Corporation and the
        rights of the Holders of the Securities to be affected under the Indenture at any time by the Corporation and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to
        be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities at the time Outstanding, on behalf of the Holders of all Securities, to waive compliance by the Corporation
        with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of
        this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security.

       

      Notwithstanding any of the foregoing, to the extent then required under or pursuant to applicable regulations of the Federal Reserve, this Security may not be repaid
        prior to the Maturity Date without the prior written consent of the Federal Reserve (or, as and if applicable, the rules of any successor appropriate bank regulatory agency). In the event of redemption of this Security in part only, a new Security
        or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. The provisions of Article Eleven of the Base Indenture and Article IV of the Supplemental
        Indenture shall apply to the redemption of any Securities by the Corporation.

       

      

      
        

        
          

      

      As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the
        Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series,
        the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default and offered the Trustee
        indemnity reasonably satisfactory to it, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have
        failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal
        hereof or any premium or interest hereon on or after the respective due dates expressed herein.

       

      No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Corporation, which is absolute and
        unconditional, to pay the principal, premium (if any) and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed.

      As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Security Register, upon surrender
        of this Security for registration of transfer at the office or agency of the Corporation maintained under Section 1002 of the Base Indenture for such purpose, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory
        to the Corporation and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the same
        aggregate principal amount, will be issued to the designated transferee or transferees. No service charge shall be made for any such registration of transfer or exchange, but the Corporation may require payment of a sum sufficient to cover any tax
        or other governmental charge payable in connection therewith.

       

      Prior to due presentment of this Security for registration of transfer, the Corporation, the Trustee and any agent of the Corporation or the Trustee may treat the Person
        in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Corporation, the Trustee nor any such agent shall be affected by notice to the contrary.

       

      All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

       

      Nothing in this Security, express or implied, shall give to any person, other than the Holders of the Securities, the parties hereto and their permitted successors
        hereunder, any benefit of any legal or equitable right, remedy or claim hereunder.

       

      The Securities of this series are issuable only in registered form without coupons in denominations of $1,000 and any integral multiples of $1,000 in excess thereof.

       

      All notices under this Security shall be in writing and in the case of the Corporation, addressed to the Corporation at 1398 Central Avenue, Dubuque, Iowa 52001,
        Attention: Bryan McKeag, or, in the case of the Trustee at 190 S. LaSalle Street, 10th Floor, Chicago, Illinois 60603, Attention: Global Corporate Trust, or to such other address of the Trustee as the Trustee may notify the holders of
        the Securities. All notices to the Holder of this Security will be given to the address of the Holder as it appears in the Security Register.

       

      All covenants and agreements by the Corporation in this Security and the Indenture shall bind the Corporation’s successors and assigns, including successors by operation
        of law resulting from a merger or consolidation of the Corporation, or successors resulting from the transfer of the Corporation’s assets and liabilities substantially or entirely, to another entity (“Successors”). Any Successor shall expressly
        assume in writing all the Corporation’s obligations hereunder prior to becoming a Successor, and upon becoming a Successor, shall perform all the Corporation’s obligations hereunder and make all payments due hereunder.

       

      In case any provision in this Security shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any
        way be affected or impaired thereby.

       

      This Security shall be governed by and construed in accordance with the laws of the State of New York and, where applicable, the federal laws of the
        United States of America.

      

      

      
        

        
          

      

      [FORM OF TRANSFER NOTICE]

       

      FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto

       

      (Please print or typewrite name and address including postal zip code of Assignee)

      	 	 	 
	
              Legal Name:

            	 	 
	
              Address and Zip Code:

            	 	 
	
              Tax I.D. No. (or SSN):

            	 	 

       

      the Notes of HEARTLAND FINANCIAL USA, INC. referenced in this certificate and does hereby irrevocably constitute and appoint attorney to transfer the said Note on the
        books of the Corporation, with full power of substitution in the premises.

      

      

      	
              Dated:

            	 	 	 
	 	 	 	
              (Signature)

            
	 	 	 
	 	
              *Signature Guarantee:

            	 	 

       

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

      

      

      	*	
              Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee).

            

       

      

      
        

        
          

      

      HEARTLAND FINANCIAL USA, INC.

       

      2.75% Fixed to Floating Rate Subordinated Notes due 2031

       

      SCHEDULE OF INCREASES AND DECREASES IN GLOBAL NOTE

       

      The following increases or decreases in this Global Note have been made:

      

      

      	 Date	 	 
              Amount

              of

              decrease

              in

              Principal

              Amount

              of this

              Global

              Note

            	 	 
              Amount

              of

              increase

              in

              Principal

              Amount

              of this

              Global

              Note

            	 	 
              Principal

              Amount

              of this

              Global

              Note

              following

              such

              decrease

              or

              increase

            	 	 
              Signature

              of

              authorized

              signatory

              of

              Trustee or

              Securities

              CustodianExhibit
4.1

 

	NUMBER	UNITS

 

WINVU

 

WINVEST
ACQUISITION CORP.

 

	SEE REVERSE FOR	 	CUSIP
    97655B 208
	CERTAIN
    DEFINITIONS	 	 

 

UNITS
CONSISTING OF ONE SHARE OF COMMON STOCK,

ONE
RIGHT TO RECEIVE ONE-FIFTEENTH SHARE OF COMMON STOCK

AND
ONE WARRANT TO PURCHASE ONE-HALF SHARE OF COMMON STOCK

 

THIS
CERTIFIES THAT _________________________________________________________________ is the owner
of ____________________________________________________________________Units.

 

Each
Unit (“Unit”) consists of one (1) share of common stock, par value $0.0001 per share (“Common Stock”),
of WinVest Acquisition Corp., a Delaware corporation (the “Company”), one right (the “Right(s)”)
to receive one-fifteenth (1/15) of one share of Common Stock upon the consummation of an initial Business Combination (as defined below)
and one redeemable warrant (the “Warrant(s)”). Each Warrant entitles the holder to purchase one half (1/2)
of one share of Common Stock for $11.50 per share (subject to adjustment). Each Warrant will become exercisable on the later of (i) the
Company’s completion of a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other
similar business combination (“Business Combination”) and (ii) one year after the closing of the Company’s
initial public offering (“IPO”), and will expire unless exercised before 5:00 p.m., New York City Time, on
the fifth anniversary of the consummation of the Company’s initial business combination, or earlier upon redemption (the “Expiration
Date”). Every fifteen Rights entitles the holder thereof to receive one share of Common Stock upon consummation of the Company’s
initial Business Combination. The Common Stock, Rights and Warrants comprising the Units represented by this certificate are not transferable
separately prior to the 30th day after the date of the prospectus relating to the Company’s IPO, subject to earlier separation
in the discretion of Chardan Capital Markets, LLC, provided that the Company has filed with the Securities and Exchange Commission a
Current Report on Form 8-K which includes an audited balance sheet reflecting the Company’s receipt of the gross proceeds of the
IPO and issued a press release announcing when separate trading will begin. The terms of the Rights and Warrants are governed by a rights
agreement (the “Rights Agreement”), dated as of [•], 2021, and a warrant agreement (the “Warrant
Agreement”), dated as of [•], 2021, respectively, both between the Company and Continental Stock Transfer & Trust
Company, as the rights agent and warrant agent, and are subject to the terms and provisions contained therein, all of which terms and
provisions the holder of this certificate consents to by acceptance hereof. Copies of the Rights Agreement and the Warrant Agreement
are on file at the office of Continental Stock Transfer & Trust Company at 1 State Street, New York, New York 10004 and are available
to any Right Holder or Warrant Holder, respectively, on written request and without cost.

 

This
certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Company.

 

Witness the facsimile seal of the Company
and the facsimile signatures of its duly authorized officers.

 

	By		 	 
	 	Chairman
    of the Board	 	Chief
    Financial Officer

 

    	 

     

    

 

WinVest
Acquisition Corp.

 

The
Company will furnish without charge to each stockholder who so requests, a statement of the powers, designations, preferences and relative,
participating, optional or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations,
or restrictions of such preferences and/or rights.

 

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	 
	 	 	 	 	 	 	 
	 	 	 	 	(Cust)	 	(Minor)
	 	 	 	 	 	 	 
	TEN
    ENT —	 as tenants by the entireties	 	 	 	 	 
	 	 	 	 	 	 	 
	JT
    TEN —	 as joint tenants with right of survivorship and not as tenants in common	 	 	under
    Uniform Gifts to Minors Act
	 	 	 	 	 
	 	 	 	 	(State)

 

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

 

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)

 

 

__________________________________________________________ Units
represented by the within Certificate, and do hereby irrevocably constitute and appoint

 

__________________________________________________________
Attorney to transfer the said Units 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).	 	 	 

 

The
holder(s) of this certificate shall be entitled to receive a pro-rata portion of the funds from the trust account with respect to the
common stock underlying this certificate only in the event that (i) the Company is forced to liquidate because it does not consummate
an initial business combination within the period of time set forth in the Company’s Amended and Restated Certificate of Incorporation,
as the same may be amended from time to time (the “Charter”), or (ii) if the holder seeks to convert his shares upon consummation
of, or sell his shares in a tender offer in connection with, an initial business combination or in connection with certain amendments
to the Charter. In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust account.

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