Document:

Exhibit 10.3

    

     

    

    HumanCo Acquisition Corp.

    P.O. Box 90608

    Austin, TX 78709

    

    

    	
            HumanCo Acquisition Holdings, LLC

          	
            October 12, 2020

          
	
            P.O. Box 90608

          	 
	
            Austin, TX 78709

          	 

    

    

    RE:          Securities Subscription Agreement

    

    

    Ladies and Gentlemen:

    

    

    We are pleased to accept the offer HumanCo Acquisition Holdings, LLC (the “Subscriber” or “you”) has made to purchase 6,468,750 shares of Class B common stock (the “Shares”), $0.0001 par value per share (the “Class B
        Common Stock” together with all other classes of Company (as defined below) common stock, the “Common Stock”), up to 843,750 Shares of
      which are subject to complete or partial forfeiture by you if the underwriters of the initial public offering (“IPO”) of HumanCo Acquisition Corp.,
      a Delaware corporation (the “Company”), do not fully exercise their over-allotment option (the “Over-allotment Option”). The terms (this “Agreement”) on which the Company is willing to
      sell the Shares to the Subscriber, and the Company and the Subscriber’s agreements regarding such Shares, are as follows:

    

    

    1.          Purchase of Shares. For the sum of $25,000 (the “Purchase Price”), which the Company
        acknowledges receiving in cash, the Company hereby sells and issues the Shares to the Subscriber, and the Subscriber hereby purchases the Shares from the Company, subject to the forfeiture provisions of Section 3 below, on the terms and subject to
        the conditions set forth in this Agreement.

    

    

    2.          Representations, Warranties and Agreements.

    

    

    2.1.          Subscriber’s Representations, Warranties and Agreements. To induce the Company to issue the Shares to the Subscriber, the Subscriber hereby represents and warrants to the Company
        and agrees with the Company as follows:

    

    

    2.1.1.          No Government Recommendation or Approval. The Subscriber understands that no federal or state agency has passed upon or made any recommendation or endorsement of the offering of
        the Shares.

    

    

    2.1.2.          No Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Subscriber of the transactions contemplated hereby do not violate, conflict
        with or constitute a default under (i) the formation and governing documents of the Subscriber, (ii) any agreement, indenture or instrument to which the Subscriber is a party, (iii) any law, statute, rule or regulation to which the Subscriber is
        subject or (iv) any agreement, order, judgment or decree to which the Subscriber is subject.

    

    

    2.1.3.          Organization and Authority. The Subscriber is a Delaware limited liability company, validly existing and in good standing under the laws of Delaware and possesses all requisite
        power and authority necessary to carry out the transactions contemplated by this Agreement. Upon execution and delivery by you, this Agreement will be a legal, valid and binding agreement of Subscriber, enforceable against Subscriber in accordance
        with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance or similar laws affecting the enforcement of creditors’ rights generally and subject to general principles of equity
        (regardless of whether enforcement is sought in a proceeding at law or in equity).

    
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    2.1.4.          Experience, Financial Capability and Suitability. Subscriber is: (i) sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the
        Shares and (ii) able to bear the economic risk of its investment in the Shares for an indefinite period of time as the Shares have not been registered under the Securities Act of 1933, as amended (the “Securities Act”) and therefore cannot be resold unless subsequently registered under the Securities Act or an exemption from such registration is available. Subscriber is capable of
        evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. Subscriber must bear the economic risk of this investment until the Shares are sold pursuant to: (x) an effective registration
        statement under the Securities Act or (y) an exemption from registration available with respect to such sale.

    

    

    2.1.5.          Access to Information; Independent Investigation. Prior to the execution of this Agreement, the Subscriber has had the opportunity to ask questions of and receive answers from
        representatives of the Company concerning an investment in the Company, as well as the finances, operations, business and prospects of the Company, and the opportunity to obtain additional information to verify the accuracy of all information so
        obtained. In determining whether to make this investment, Subscriber has relied solely on Subscriber’s own knowledge and understanding of the Company and its business based upon Subscriber’s own due diligence investigation and the information
        furnished pursuant to this paragraph. Subscriber understands that no person has been authorized to give any information or to make any representations which were not furnished pursuant to this Section 2 and Subscriber has not relied on any other
        representations or information in making its investment decision, whether written or oral, relating to the Company, its operations and/or its prospects.

    

    

    2.1.6.          Investment Purposes. The Subscriber is purchasing the Shares solely for investment purposes, for the Subscriber’s own account and not for the account or benefit of any other
        person, and not with a view towards the distribution or dissemination thereof in violation of the registration requirements of the Securities Act. The Subscriber did not enter into this Agreement as a result of any general solicitation or general
        advertising within the meaning of Rule 502 of Regulation D under the Securities Act.

    

    

    2.1.7.          Restrictions on Transfer; Shell Company. Subscriber understands the Shares are being offered in a transaction not involving a public offering within the meaning of the Securities
        Act. Subscriber understands the Shares will be “restricted securities” as defined in Rule 144(a)(3) under the Securities Act, and Subscriber understands that the certificates or book-entries representing the Shares will contain a legend in respect
        of such restrictions. If in the future the Subscriber decides to offer, resell, pledge or otherwise transfer the Shares, such Shares may be offered, resold, pledged or otherwise transferred only pursuant to: (i) registration under the Securities
        Act, or (ii) an available exemption from registration. Subscriber agrees that if any transfer of its Shares or any interest therein is proposed to be made, as a condition precedent to any such transfer, Subscriber may be required to deliver to the
        Company an opinion of counsel satisfactory to the Company. Absent registration or an exemption, the Subscriber agrees not to resell the Shares. Subscriber further acknowledges that because the Company is a shell company, Rule 144 may not be
        available to the Subscriber for the resale of the Shares until one year following consummation of the initial business combination of the Company, despite technical compliance with the requirements of Rule 144 and the release or waiver of any
        contractual transfer restrictions.

    
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    2.1.8.          No Governmental Consents. No governmental, administrative or other third party consents or approvals are required or necessary on the part of Subscriber in connection with the
        transactions contemplated by this Agreement.

    

    

    2.2.          Company’s Representations, Warranties and Agreements. To induce the Subscriber to purchase the Shares, the Company hereby represents and warrants to the Subscriber and agrees with
        the Subscriber as follows:

    

    

    2.2.1.          Organization and Corporate Power. The Company is a Delaware corporation and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably
        be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this
        Agreement.

    

    

    2.2.2.          No Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Company of the transactions contemplated hereby do not violate, conflict with
        or constitute a default under (i) the certificate of incorporation or bylaws of the Company, (ii) any agreement, indenture or instrument to which the Company is a party, (iii) any law, statute, rule or regulation to which the Company is subject or
        (iv) any agreement, order, judgment or decree to which the Company is subject.

    

    

    2.2.3.          Title to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof, the Shares will be duly and validly issued, fully paid and nonassessable. Upon
        issuance in accordance with, and payment pursuant to, the terms hereof, the Subscriber will have or receive good title to the Shares, free and clear of all liens, claims and encumbrances of any kind, other than (i) transfer restrictions hereunder
        and other agreements to which the Shares may be subject, (ii) transfer restrictions under federal and state securities laws, and (iii) liens, claims or encumbrances imposed due to the actions of the Subscriber.

    

    

    2.2.4.          No Adverse Actions. There are no actions, suits, investigations or proceedings pending, threatened against or affecting the Company which: (i) seek to restrain, enjoin, prevent
        the consummation of or otherwise affect the transactions contemplated by this Agreement or (ii) question the validity or legality of any transactions or seek to recover damages or to obtain other relief in connection with any transactions.

    

    

    3.          Forfeiture of Shares.

    

    

    3.1.          Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the representative(s) of the underwriters of the IPO is not exercised in
        full, the Subscriber acknowledges and agrees that it shall forfeit any and all rights to such number of Shares (up to an aggregate of 843,750 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that
        immediately following such forfeiture, the Subscriber (and all other initial stockholders prior to the IPO, if any) will own an aggregate number of Shares (not including Common Stock issuable upon exercise of any warrants or any Common Stock
        purchased by Subscriber in the IPO or in the aftermarket) equal to 20% of the issued and outstanding Common Stock immediately following the IPO.

    

    

    3.2.          Termination of Rights as Stockholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber (or successor in interest), shall
        no longer have any rights as a holder of such Shares, and the Company shall take such action as is appropriate to cancel such Shares.

    
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    4.          Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim
        of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For
        purposes of clarity, in the event the Subscriber purchases Common Stock in the IPO or in the aftermarket, any additional Common Stock so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will
        the Subscriber have the right to redeem any Shares into funds held in the Trust Account upon the successful completion of an initial business combination.

    

    

    5.          Restrictions on Transfer.

    

    

    5.1.          Restrictive Legends. Any certificates representing the Shares shall have endorsed thereon legends substantially as follows:

    

    

    “THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE
      SECURITIES LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT OR SUCH LAWS OR AN EXEMPTION FROM
      REGISTRATION UNDER SUCH ACT AND SUCH LAWS WHICH, IN THE OPINION OF COUNSEL, IS AVAILABLE.”

    

    

    “THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO LOCKUP PROVISIONS AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR
      OTHERWISE DISPOSED DURING THE TERM OF THE LOCKUP.”

    

    

    5.2.          Additional Shares or Substituted Securities. In the event of the declaration of a stock dividend, the declaration of a special dividend payable in a form other than Common Stock,
        a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding Common Stock without receipt of consideration, any new, substituted or additional securities or other
        property which are by reason of such transaction distributed with respect to any Shares subject to this Section 5 or into which such Shares thereby become convertible shall immediately be subject to this Section 5 and Section 3. Appropriate
        adjustments to reflect the distribution of such securities or property shall be made to the number or class of Shares subject to this Section 5 and Section 3.

    

    

    5.3.          Registration Rights. Subscriber acknowledges that the Shares are being purchased pursuant to an exemption from the registration requirements of the Securities Act and will become
        freely tradable only after certain conditions are met or they are registered pursuant to a registration rights agreement to be entered into with the Company prior to the closing of the IPO.

    

    

    6.          Other Agreements.

    

    

    6.1.          Further Assurances. Subscriber agrees to execute such further instruments and to take such further action as may reasonably be necessary to carry out the intent of this Agreement.

    

    

    6.2.          Notices. All notices, statements or other documents which are required or contemplated by this Agreement shall be in writing and delivered: (i) personally or sent by first class
        registered or certified mail, overnight courier service or facsimile or electronic transmission to the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other address or fax number as may be
        designated in writing by such party or (iii) by electronic mail, to the electronic mail address most recently provided to such party or such other electronic mail address as may be designated in writing by such party. Any notice or other
        communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt of written confirmation, if sent by facsimile or electronic transmission, one (1) business day
        after delivery to an overnight courier service or five (5) days after mailing if sent by mail.

    
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    6.3.          Entire Agreement. This Agreement, together with that certain insider letter to be entered into between Subscriber and the Company, substantially in the form to be filed as an
        exhibit to the Registration Statement on Form S-1 associated with the IPO, embodies the entire agreement and understanding between the Subscriber and the Company with respect to the subject matter hereof and supersedes all prior oral or written
        agreements and understandings relating to the subject matter hereof. No statement, representation, warranty, covenant or agreement of any kind not expressly set forth in this Agreement shall affect, or be used to interpret, change or restrict, the
        express terms and provisions of this Agreement.

    

    

    6.4.          Modifications and Amendments. The terms and provisions of this Agreement may be modified or amended only by written agreement executed by all parties hereto.

    

    

    6.5.          Waivers and Consents. The terms and provisions of this Agreement may be waived, or consent for the departure therefrom granted, only by a written document executed by the party
        entitled to the benefits of such terms or provisions. No such waiver or consent shall be deemed to be or shall constitute a waiver or consent with respect to any other terms or provisions of this Agreement, whether or not similar. Each such waiver
        or consent shall be effective only in the specific instance and for the purpose for which it was given, and shall not constitute a continuing waiver or consent.

    

    

    6.6.          Assignment. The rights and obligations under this Agreement may not be assigned by either party hereto without the prior written consent of the other party.

    

    

    6.7.          Benefit. All statements, representations, warranties, covenants and agreements in this Agreement shall be binding on the parties hereto and shall inure to the benefit of the
        respective successors and permitted assigns of each party hereto. Nothing in this Agreement shall be construed to create any rights or obligations except among the parties hereto, and no person or entity shall be regarded as a third-party
        beneficiary of this Agreement.

    

    

    6.8.          Governing Law. This Agreement and the rights and obligations of the parties hereunder shall be construed in accordance with and governed by the laws of the State of New York
        applicable to contracts wholly performed within the borders of such state, without giving effect to the conflict of law principles thereof.

    

    

    6.9.          Severability. In the event that any court of competent jurisdiction shall determine that any provision, or any portion thereof, contained in this Agreement shall be unreasonable
        or unenforceable in any respect, then such provision shall be deemed limited to the extent that such court deems it reasonable and enforceable, and as so limited shall remain in full force and effect. In the event that such court shall deem any
        such provision, or portion thereof, wholly unenforceable, the remaining provisions of this Agreement shall nevertheless remain in full force and effect.

    
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    6.10.          No Waiver of Rights, Powers and Remedies. No failure or delay by a party hereto in exercising any right, power or remedy under this Agreement, and no course of dealing between the
        parties hereto, shall operate as a waiver of any such right, power or remedy of such party. No single or partial exercise of any right, power or remedy under this Agreement by a party hereto, nor any abandonment or discontinuance of steps to
        enforce any such right, power or remedy, shall preclude such party from any other or further exercise thereof or the exercise of any other right, power or remedy hereunder. The election of any remedy by a party hereto shall not constitute a waiver
        of the right of such party to pursue other available remedies. No notice to or demand on a party not expressly required under this Agreement shall entitle the party receiving such notice or demand to any other or further notice or demand in similar
        or other circumstances or constitute a waiver of the rights of the party giving such notice or demand to any other or further action in any circumstances without such notice or demand.

    

    

    6.11.          Survival of Representations and Warranties. All representations and warranties made by the parties hereto in this Agreement or in any other agreement, certificate or instrument
        provided for or contemplated hereby, shall survive the execution and delivery hereof and any investigations made by or on behalf of the parties.

    

    

    6.12.          No Broker or Finder. Each of the parties hereto represents and warrants to the other that no broker, finder or other financial consultant has acted on its behalf in connection
        with this Agreement or the transactions contemplated hereby in such a way as to create any liability on the other. Each of the parties hereto agrees to indemnify and hold the other harmless from any claim or demand for commission or other
        compensation by any broker, finder, financial consultant or similar agent claiming to have been employed by or on behalf of such party and to bear the cost of legal expenses incurred in defending against any such claim.

    

    

    6.13.          Headings and Captions. The headings and captions of the various sections of this Agreement are for convenience of reference only and shall in no way modify or affect the meaning
        or construction of any of the terms or provisions hereof.

    

    

    6.14.          Counterparts. This Agreement may be executed in one or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become
        effective when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission or any
        other form of electronic delivery, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such signature page were an original thereof.

    

    

    6.15.          Construction. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of intent or interpretation arises, this
        Agreement will be construed as if drafted jointly by the parties hereto and no presumption or burden of proof will arise favoring or disfavoring any party hereto because of the authorship of any provision of this Agreement. The words “include,” “includes,” and “including” will be deemed to be followed by “without
          limitation.” Pronouns in masculine, feminine, and neuter genders will be construed to include any other gender, and words in the singular form will be construed to include the plural and vice versa, unless the context otherwise requires.
        The words “this Agreement,” “herein,” “hereof,” “hereby,” “hereunder,” and words of similar import refer to this Agreement as a whole and not to any particular section unless expressly so limited. The parties hereto intend
        that each representation, warranty, and covenant contained herein will have independent significance. If any party hereto has breached any representation, warranty or covenant contained herein in any respect, the fact that there exists another
        representation, warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity) which such party hereto has not breached will not detract from or mitigate the fact that such party hereto is in breach of
        the first representation, warranty or covenant.

    
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    6.16.          Mutual Drafting. This Agreement is the joint product of the Subscriber and the Company and each provision hereof has been subject to the mutual consultation, negotiation and
        agreement of such parties and shall not be construed for or against any party hereto.

    

    

    7.          Voting and Redemption of Shares. Subscriber agrees to vote the Shares in favor of an initial business combination that the Company negotiates and submits for approval to the Company’s stockholders
        and shall not seek redemption with respect to such Shares. Additionally, the Subscriber agrees not to redeem any Shares in connection with a redemption or tender offer presented to the Company’s stockholders in connection with an initial business
        combination negotiated by the Company

    

    

    [Signature Page Follows]

    
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    If the foregoing accurately sets forth our understanding and agreement, please sign the enclosed copy of this Agreement and return it to
      us.

    

    

    	 	
            Very truly yours,

          
	 	 	 
	 	
            HUMANCO ACQUISITION CORP.

          
	 	 	 
	 	
            By:

          	
            /s/ Amy Zipper

          
	 	 	 
	 	
            Name:

          	
            Amy Zipper

          
	 	
            Title:

          	
            Chief Operating Officer

          

    

    

    Accepted and agreed as of the date first written above.

    

    

    HUMANCO ACQUISITION HOLDINGS, LLC

    

    

    	
            By:

          	
            /s/ Ross Berman

          	 
	 	 	 
	
            Name:

          	
            Ross Berman

          	 
	
            Title:

          	
            Manager

          	 

    

    

  

  [Signature Page to Securities Subscription Agreement]Exhibit 10.4

      

       

      

      WARRANT PURCHASE AGREEMENT

      

      

      THIS WARRANT PURCHASE AGREEMENT (as it may from time to time be amended, this “Agreement”), dated as of [●], 2020, is entered into by
        and among HumanCo Acquisition Corp., a Delaware corporation (the “Company”), and HumanCo Acquisition Holdings, LLC, a Delaware limited liability company (the “Purchaser”).

      

      

      WHEREAS, the Company intends to consummate an initial public offering of the Company’s units (the “Public

          Offering”), each unit consisting of one share of Class A common stock of the Company, par value $0.0001 per share (each, a “Share”), and one-half of one redeemable warrant, each whole warrant
        entitling the holder to purchase one Share at an exercise price of $11.50 per Share, as set forth in the Company’s Registration Statement on Form S-1, filed with the U.S. Securities and Exchange Commission (the “SEC”),

        File Number 333-[●] (as amended, the “Registration Statement”), under the Securities Act of 1933, as amended (the “Securities Act”).

      

      

      WHEREAS, the Purchaser has agreed to purchase, at a price of $1.00 per warrant, an aggregate of 6,825,000 warrants (and up to 675,000
        additional warrants if the underwriters in the Public Offering exercise their over-allotment option in full) (the “Private Placement Warrants”), each Private Placement Warrant entitling the holder to purchase
        one Share at an exercise price of $11.50 per Share.

      

      

      NOW THEREFORE, in consideration of the mutual promises contained in this Agreement and other good and valuable consideration, the
        receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby, intending legally to be bound, agree as follows:

      

      

      AGREEMENT

      

      

      Section 1. Authorization, Purchase and Sale; Terms of the Private Placement Warrants.

      

      

      A. Authorization of the Private Placement Warrants. The Company has duly authorized the issuance and sale of the Private Placement Warrants to the
        Purchaser.

      

      

      B. Purchase and Sale of the Private Placement Warrants.

      

      

      (i) On the date of the consummation of the Public Offering (the “IPO Closing Date”), the Company shall issue and
        sell to the Purchaser, and the Purchaser shall purchase from the Company, 6,825,000 Private Placement Warrants at a price of $1.00 per warrant for an aggregate purchase price of $6,825,000 (the “Purchase Price”).

        The Purchaser shall pay the Purchase Price by wire transfer of immediately available funds in accordance with the Company’s wiring instructions, at least one (1) business day prior to the IPO Closing Date. On the IPO Closing Date, upon the payment
        by the Purchaser of the Purchase Price, by wire transfer of immediately available funds to the Company, the Company, at its option, shall deliver a certificate evidencing the Private Placement Warrants purchased on such date duly registered in the
        Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

      

      

      (ii) On the date of the closing of the over-allotment option, if any, in connection with the Public Offering or on such earlier time and date as may be
        mutually agreed by the Purchaser and the Company (each such date, an “Over-allotment Closing Date”, and each Over-allotment Closing Date (if any) and the IPO Closing Date, a “Closing

          Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, up to 675,000 Private Placement Warrants (or, to the extent the over-allotment option is not exercised in full, a lesser number
        of Private Placement Warrants in proportion to portion of the over-allotment option that is exercised) at a price of $1.00 per warrant for an aggregate purchase price of up to $675,000 (the “Over-allotment Purchase
          Price”). The Purchaser shall pay the Over-allotment Purchase Price by wire transfer of immediately available funds in accordance with the Company’s wiring instructions, at least one (1) business day prior to the Over-allotment Closing
        Date. On the Over-allotment Closing Date, upon the payment by the Purchaser of the Over-allotment Purchase Price, by wire transfer of immediately available funds to the Company, the Company, at its option, shall deliver a certificate evidencing the
        Private Placement Warrants purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

       

      

      
        
          

      

      C. Terms of the Private Placement Warrants.

      

      

      (i) Each Private Placement Warrant shall have the terms set forth in a Warrant Agreement to be entered into by the Company and a warrant agent, in
        connection with the Public Offering (the “Warrant Agreement”), and shall be subject to the terms of a letter agreement to be entered into by the Company, the Purchaser and the other parties thereto, in
        connection with the Public Offering.

      

      

      (ii) At the time of, or prior to, the IPO Closing Date, the Company, the Purchaser and the other parties thereto shall enter into a registration and
        stockholder rights agreement (the “Registration and Stockholder Rights Agreement”) pursuant to which the Company will grant certain registration rights to the Purchaser relating to the Private Placement
        Warrants and the Shares underlying the Private Placement Warrants.

      

      

      Section 2. Representations and Warranties of the Company.

      

      

      As a material inducement to the Purchaser to enter into this Agreement and to purchase the Private Placement Warrants, the Company hereby represents and warrants to the
        Purchaser (which representations and warranties shall survive each Closing Date) that:

      

      

      A. Incorporation and Corporate Power. The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the
        State of Delaware and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The
        Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement and the Warrant Agreement.

      

      

      B. Authorization; No Breach.

      

      

      (i) The execution, delivery and performance of this Agreement and the Private Placement Warrants have been duly authorized by the Company as of each
        Closing Date. This Agreement constitutes the valid and binding obligation of the Company, enforceable in accordance with its terms, subject to bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general
        applicability relating to or affecting creditors’ rights and to general equitable principles (whether considered in a proceeding in equity or law). Upon issuance in accordance with, and payment pursuant to, the terms of the Warrant Agreement and
        this Agreement, the Private Placement Warrants will constitute valid and binding obligations of the Company, enforceable in accordance with their terms as of each Closing Date.

      

      

      (ii) The execution and delivery by the Company of this Agreement and the Private Placement Warrants, the issuance and sale of the Private Placement
        Warrants, the issuance of the Shares upon exercise of the Private Placement Warrants and the fulfillment of and compliance with the respective terms hereof and thereof by the Company, do not and will not as of each Closing Date (a) conflict with or
        result in a breach of the terms, conditions or provisions of, (b) constitute a default under, (c) result in the creation of any lien, security interest, charge or encumbrance upon the Company’s capital stock or assets under, (d) result in a
        violation of, or (e) require any authorization, consent, approval, exemption or other action by or notice or declaration to, or filing with, any court or administrative or governmental body or agency pursuant to the certificate of incorporation or
        the bylaws of the Company (in effect on the date hereof or as may be amended prior to completion of the Public Offering) or any material law, statute, rule or regulation to which the Company is subject, or any agreement, order, judgment or decree
        to which the Company is subject, except for any filings required after the date hereof under federal or state securities laws.

       

      

      
        
          

      

      C. Title to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof and the Warrant Agreement, the Shares
        issuable upon exercise of the Private Placement Warrants will be duly and validly issued, fully paid and nonassessable. Upon issuance in accordance with, and payment pursuant to, the terms hereof and the Warrant Agreement, the Purchaser will have
        good title to the Private Placement Warrants purchased by it and the Shares issuable upon exercise of such Private Placement Warrants, free and clear of all liens, claims and encumbrances of any kind, other than (i) transfer restrictions hereunder
        and under the other agreements contemplated hereby, (ii) transfer restrictions under federal and state securities laws, and (iii) liens, claims or encumbrances imposed due to the actions of the Purchaser.

      

      

      D. Governmental Consents. No permit, consent, approval or authorization of, or declaration to or filing with, any governmental authority is
        required in connection with the execution, delivery and performance by the Company of this Agreement or the consummation by the Company of any other transactions contemplated hereby.

      

      

      E. Regulation D Qualification. Neither the Company nor, to its actual knowledge, any of its affiliates, members, officers, directors or beneficial
        shareholders of 20% or more of its outstanding securities, has experienced a disqualifying event as enumerated pursuant to Rule 506(d) of Regulation D under the Securities Act.

      

      

      Section 3. Representations and Warranties of the Purchaser.

      

      

      As a material inducement to the Company to enter into this Agreement and to issue and sell the Private Placement Warrants to the Purchaser, the Purchaser hereby represents
        and warrants to the Company (which representations and warranties shall survive each Closing Date) that:

      

      

      A. Organization and Requisite Authority. The Purchaser possesses all requisite power and authority necessary to carry out the transactions
        contemplated by this Agreement.

      

      

      B. Authorization; No Breach.

      

      

      (i) This Agreement constitutes a valid and binding obligation of the Purchaser, enforceable in accordance with its terms, subject to bankruptcy,
        insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability relating to or affecting creditors’ rights and to general equitable principles (whether considered in a proceeding in equity or law).

      

      

      (ii) The execution and delivery by the Purchaser of this Agreement and the fulfillment of and compliance with the terms hereof by the Purchaser does not
        and shall not as of each Closing Date (a) conflict with or result in a breach by the Purchaser of the terms, conditions or provisions of, (b) constitute a default under, (c) result in the creation of any lien, security interest, charge or
        encumbrance upon the Purchaser’s equity or assets under, (d) result in a violation of, or (e) require any authorization, consent, approval, exemption or other action by or notice or declaration to, or filing with, any court or administrative or
        governmental body or agency pursuant to the Purchaser’s organizational documents in effect on the date hereof or as may be amended prior to completion of the contemplated Public Offering, or any material law, statute, rule or regulation to which
        the Purchaser is subject, or any agreement, instrument, order, judgment or decree to which the Purchaser is subject, except for any filings required after the date hereof under federal or state securities laws.

      

      

      C. Investment Representations.

      

      

      (i) The Purchaser is acquiring the Private Placement Warrants and, upon exercise of the Private Placement Warrants, the Shares issuable upon such exercise
        (collectively, the “Securities”) for its own account, for investment purposes only and not with a view towards, or for resale in connection with, any public sale or distribution thereof.

       

      

      
        
          

      

      (ii) The Purchaser is an “accredited investor” as such term is defined in Rule 501(a)(3) of Regulation D, and the Purchaser has not experienced a
        disqualifying event as enumerated pursuant to Rule 506(d) of Regulation D under the Securities Act.

      

      

      (iii) The Purchaser understands that the Securities are being offered and will be sold to it in reliance on specific exemptions from the registration
        requirements of the United States federal and state securities laws and that the Company is relying upon the truth and accuracy of, and the Purchaser’s compliance with, the representations and warranties of the Purchaser set forth herein in order
        to determine the availability of such exemptions and the eligibility of the Purchaser to acquire such Securities.

      

      

      (iv) The Purchaser did not decide to enter into this Agreement as a result of any general solicitation or general advertising within the meaning of Rule
        502(c) under the Securities Act.

      

      

      (v) The Purchaser has been furnished with all materials relating to the business, finances and operations of the Company and materials relating to the
        offer and sale of the Securities which have been requested by the Purchaser. The Purchaser has been afforded the opportunity to ask questions of the executive officers and directors of the Company. The Purchaser understands that its investment in
        the Securities involves a high degree of risk and it has sought such accounting, legal and tax advice as it has considered necessary to make an informed investment decision with respect to the acquisition of the Securities.

      

      

      (vi) The Purchaser understands that no United States federal or state agency or any other government or governmental agency has passed on or made any
        recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities by the Purchaser nor have such authorities passed upon or endorsed the merits of the offering of the Securities.

      

      

      (vii) The Purchaser understands that: (a) the Securities have not been and are not being registered under the Securities Act or any state securities laws,
        and may not be offered for sale, sold, assigned or transferred unless (1) subsequently registered thereunder or (2) sold in reliance on an exemption therefrom; and (b) except as specifically set forth in the Registration and Stockholder Rights
        Agreement, neither the Company nor any other person is under any obligation to register the Securities under the Securities Act or any state securities laws or to comply with the terms and conditions of any exemption thereunder. In this regard, the
        Purchaser understands that the SEC has taken the position that promoters or affiliates of a blank check company and their transferees, both before and after an initial business combination, are deemed to be “underwriters” under the Securities Act
        when reselling the securities of a blank check company. Based on that position, Rule 144 adopted pursuant to the Securities Act would not be available for resale transactions of the Securities despite technical compliance with the requirements of
        such Rule, and the Securities can be resold only through a registered offering or in reliance upon another exemption from the registration requirements of the Securities Act.

      

      

      (viii) The Purchaser has such knowledge and experience in financial and business matters, knowledge of the high degree of risk associated with investments
        in the securities of companies in the development stage such as the Company, is capable of evaluating the merits and risks of an investment in the Securities and is able to bear the economic risk of an investment in the Securities in the amount
        contemplated hereunder for an indefinite period of time. The Purchaser has adequate means of providing for its current financial needs and contingencies and will have no current or anticipated future needs for liquidity which would be jeopardized
        by the investment in the Securities. The Purchaser can afford a complete loss of its investments in the Securities.

       

      

      
        
          

      

      Section 4. Conditions of the Purchaser’s Obligations.

      

      

      The obligations of the Purchaser to purchase and pay for the Private Placement Warrants are subject to the fulfillment, on or before each Closing Date, of each of the
        following conditions:

      

      

      A. Representations and Warranties. The representations and warranties of the Company contained in Section 2 shall be true and correct at and as of
        such Closing Date as though then made.

      

      

      B. Performance. The Company shall have performed and complied with all agreements, obligations and conditions contained in this Agreement that are
        required to be performed or complied with by it on or before such Closing Date.

      

      

      C. No Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered,
        promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated hereby, which prohibits the consummation of any of the transactions
        contemplated by this Agreement or the Warrant Agreement.

      

      

      D. Warrant Agreement and Registration and Stockholder Rights Agreement. The Company shall have entered into the Warrant Agreement and the
        Registration and Stockholder Rights Agreement, in each case on terms satisfactory to the Purchaser.

      

      

      Section 5. Conditions of the Company’s Obligations.

      

      

      The obligations of the Company to the Purchaser under this Agreement are subject to the fulfillment, on or before each Closing Date, of each of the following conditions:

      

      

      A. Representations and Warranties. The representations and warranties of the Purchaser contained in Section 3 shall be true and correct at and as
        of such Closing Date as though then made.

      

      

      B. Performance. The Purchaser shall have performed and complied with all agreements, obligations and conditions contained in this Agreement that
        are required to be performed or complied with by the Purchaser on or before such Closing Date.

      

      

      C. Corporate Consents. The Company shall have obtained the consent of its Board of Directors authorizing the execution, delivery and performance of
        this Agreement and the Warrant Agreement and the issuance and sale of the Private Placement Warrants hereunder.

      

      

      D. No Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered,
        promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated hereby, which prohibits the consummation of any of the transactions
        contemplated by this Agreement or the Warrant Agreement.

      

      

      E. Warrant Agreement and Registration and Stockholder Rights Agreement. The Company shall have entered into the Warrant Agreement and the
        Registration and Stockholder Rights Agreement, in each case on terms satisfactory to the Company.

      

      

      Section 6. Termination.

      

      

      This Agreement may be terminated by the Company or the Purchaser at any time after [March 31], 2021 upon written notice to the other party hereto if the closing of the Public
        Offering does not occur prior to such date.

      

      

      Section 7. Survival of Representations and Warranties.

      

      

      All of the representations and warranties contained herein shall survive each Closing Date.

       

      

      
        
          

      

      Section 8. Definitions.

      

      

      Terms used but not otherwise defined in this Agreement shall have the meaning assigned to such terms in the Registration Statement.

      Section 9. Miscellaneous.

      

      

      A. Successors and Assigns. Except as otherwise expressly provided herein, all covenants and agreements contained in this Agreement by or on behalf
        of any of the parties hereto shall bind and inure to the benefit of the respective successors of the parties hereto whether so expressed or not. Notwithstanding the foregoing or anything to the contrary herein, the parties may not assign this
        Agreement, other than assignments by the Purchaser to affiliates thereof (including, without limitation one or more of its members).

      

      

      B. Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under
        applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of this
        Agreement.

      

      

      C. Counterparts. This Agreement may be executed simultaneously in two or more counterparts, none of which need contain the signatures of more than
        one party, but all such counterparts taken together shall constitute one and the same agreement. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect
        as delivery of an original signed copy of this Agreement.

      

      

      D. Descriptive Headings; Interpretation. The descriptive headings of this Agreement are inserted for convenience only and do not constitute a
        substantive part of this Agreement. The use of the word “including” in this Agreement shall be by way of example rather than by limitation.

      

      

      E. Governing Law. This Agreement shall be deemed to be a contract made under the laws of the State of New York and for all purposes shall be
        construed in accordance with the internal laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the laws of another jurisdiction.

      

      

      F. Amendments. This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by all
        parties hereto.

      

      

      [Signature page follows]

       

      

      
        
          

      

      IN WITNESS WHEREOF, the parties hereto have executed this Agreement to be effective as of the date first set forth above.

       

      

      	 	
              COMPANY:

            
	 	 
	 	
              HUMANCO ACQUISITION CORP.

            

      	 	 
	 	
              By:

            	 

      	 	
              Name:

            
	 	
              Title:

            

      	 	 
	 	
              PURCHASER:

            
	 	 
	 	
              HUMANCO ACQUISITION HOLDINGS, LLC

            

      	 	 
	 	
              By:

            	 

      	 	
              Name:

            
	 	
              Title:

            

      

      

      

      

      
        [Signature Page to Private Placement Warrant Purchase Agreement]

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