Document:

Exhibit 4.7

 

AMENDMENT NO. 1 TO WARRANT AGREEMENT

 

This Amendment No. 1 to Warrant Agreement
(“Amendment”) is made and entered into as of this ___________, 2014, between Infinity Cross Border Acquisition Corporation,
a British Virgin Islands business company (“Company”), and Continental Stock Transfer & Trust Company, a New York
corporation (“Warrant Agent”).

 

WHEREAS, the Company and the Warrant Agent
are parties to that certain Warrant Agreement (“Warrant Agreement”) made as of July 19, 2012. Capitalized terms used
herein and not otherwise defined have the meanings assigned to them in the Warrant Agreement;

 

WHEREAS, the Company has entered into a
Merger and Share Exchange Agreement, dated as of January 8, 2014 (“Merger Agreement”), with Glori Acquisition Corp.,
Glori Merger Subsidiary, Inc., a wholly-owned subsidiary of Glori Acquisition Corp. (“Merger Sub”), Glori Energy Inc.,
and Infinity-C.S.V.C. Management Ltd., pursuant to which: (a) the Company will merge with and into Glori Acquisition Corp., such
that Glori Acquisition Corp. will be the surviving corporation; and (b) Merger Sub will merge with and into Glori Energy Inc.,
such that Glori Energy Inc. will be the surviving corporation (the “Business Combination”);

 

WHEREAS, pursuant to the Merger Agreement,
the Company is required to amend certain provisions of the Warrant Agreement, which amendments shall become effective upon the
closing of the Business Combination (the “Effective Date”); and

 

WHEREAS, holders of a majority of the Company’s
outstanding warrants have consented to the amendments to the Warrant Agreement.

 

NOW, THEREFORE, in consideration of the
mutual agreements herein contained, the parties hereto agree as follows:

 

1. Amendment to Warrant Agreement. The parties agree
that, as of the Effective Date, the Warrant Agreement is hereby amended as follows:

 

		(a)	The reference to “$7.00” in Section 3.1 of the Warrant Agreement is replaced with “$10.00”.

 

		(b)	The reference to “$10.50” in Section 6.1 of the Warrant Agreement is replaced with “$15.00”.

 

		(c)	The reference to “three (3) years” in Section 3.2 of the Warrant Ageement is replaced with “five (5) years”.

 

		(d)	The following is hereby added as Section 3.3.1(e) of the Warrant Agreement:

 

“during the thirty (30) day period commencing
on the thirty-first (31tst) day subsequent to the closing of the Business Combination, by surrendering the Warrants
for that number of Ordinary Shares equal to one (1) Ordinary Share for every ten (10) Warrants so surrendered.”

 

    	 

    	 

    

 

		(e)	Section 4.4 of the Warrant Agreement is deleted in its entirety and replaced with the following new Section 4.4:

 

“In case of any reclassification or reorganization
of the outstanding Ordinary Shares (other than a change covered by Section 4.1 or 4.2 hereof or that solely affects the par value
of such shares of Ordinary Shares), or in the case of any merger or consolidation of the Company with or into another corporation
(other than the Company’s initial Business Combination or a consolidation or merger in which the Company is the continuing
corporation and that does not result in any reclassification or reorganization of the outstanding Ordinary Shares), or in the case
of any sale or conveyance to another corporation or entity of the assets or other property of the Company as an entirety or substantially
as an entirety in connection with which the Company is dissolved, the Warrant holders shall thereafter have the right to purchase
and receive, upon the basis and upon the terms and conditions specified in the Warrants and in lieu of the Ordinary Shares of the
Company immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, the kind and amount
of shares of stock or other securities or property (including cash) receivable upon such reclassification, reorganization, merger
or consolidation, or upon a dissolution following any such sale or transfer, that the Warrant holder would have received if such
Warrant holder had exercised his, her or its Warrant(s) immediately prior to such event; and if any reclassification also results
in a change in Ordinary Shares covered by Section 4.1.1 or 4.2, then such adjustment shall be made pursuant to Sections 4.1, 4.2,
4.3 and this Section 4.4. The provisions of this Section 4.4 shall similarly apply to successive reclassifications, reorganizations,
mergers or consolidations, sales or other transfers.”

 

2. Miscellaneous.

 

2.1 Governing Law. The validity,
interpretation, and performance of this Amendment shall be governed in all respects by the laws of the State of New York, without
giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction.
The Company hereby agrees that any action, proceeding or claim against it arising out of or relating in any way to this Amendment
shall be brought and enforced in the courts of the State of New York or the United States District Court for the Southern District
of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives any
objection to such exclusive jurisdiction and that such courts represent an inconvenience forum. Any such process or summons to
be served upon the Company may be served by transmitting a copy thereof by registered or certified mail, return receipt requested,
postage prepaid, addressed to it at the address set forth in Section 9.2 of the Warrant Agreement. Such mailing shall be deemed
personal service and shall be legal and binding upon the Company in any action, proceeding or claim.

 

    	 

    	 

    

 

2.2 Binding Effect. This Amendment
shall be binding upon and inure to the benefit of the parties hereto and to their respective heirs, legal representatives, successors
and assigns.

 

2.3 Severability. This Amendment
shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity
or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable
term or provision, the parties hereto intend that there shall be added as part of this Agreement a provision as similar in terms
to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

2.4 Entire Agreement. This Amendment
and the Warrant Agreement set forth the entire agreement and understanding between the parties as to the subject matter thereof
and merges and supersedes all prior discussions, agreements and understandings of any and every nature among them. Except as set
forth in this Amendment, the provisions of the Warrant Agreement which are not inconsistent with this Amendment shall remain in
full force and effect. This Amendment may be executed in counterparts.

 

[signature page follows]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the undersigned have
duly executed this Amendment as of the day and year first written above.

 

	 	INFINITY CROSS BORDER ACQUISITION CORPORATION
	 	 
	 	By:	 
	 	Name:
	 	Title:
	 	 
	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Warrant Agent
	 	 	 
	 	By:	 
	 	Name: 
	 	Title:Exhibit 4.8

 

THIS NOTE HAS NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT
ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT
OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.
 

 

PROMISSORY NOTE

 

	Principal Amount:  $250,000.00	Date: January 8, 2014

 

Infinity
Cross Border Acquisition Corporation, a blank check company formed as a British Virgin Islands business company with limited liability
(“Maker”), promises to pay to the order of [___________]or
its registered assigns or successors in interest (“Payee”), or
order, the principal sum of Two Hundred and Fifty Thousand Dollars ($250,000.00) in lawful money of the United States of America,
on the terms and conditions described below. All payments on this Note shall be made by check or wire transfer of immediately available
funds or as otherwise determined by Maker to such account as Payee may from time to time designate by written notice in accordance
with the provisions of this Note. 

 

1.           Principal.
The principal balance of this promissory note (this “Note”) shall be payable on the closing of the Maker’s
initial business combination (the “Due Date”). The principal balance may be prepaid at any time.

 

2.           Interest.
No interest shall accrue on the unpaid principal balance of this Note.

 

3.           Application
of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection of any sum due
under this Note, including (without limitation) reasonable attorney’s fees, then to the payment in full of any late charges
and finally to the reduction of the unpaid principal balance of this Note.

 

4.           Events
of Default. The following shall constitute an event of default (“Event of Default”):

 

(a)          Failure
to Make Required Payments. Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business
days of the Due Date.

 

(b)          Voluntary
Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization,
rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator,
assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or
the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts
become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

 

    	 

    	 

    

 

(c)          Involuntary
Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker
in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator,
assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering
the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period
of 60 consecutive days.

 

5.           Remedies.

 

(a)          Upon
the occurrence of an Event of Default specified in Section 4(a) hereof, Payee may, by written notice to Maker, declare this Note
to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable thereunder,
shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby
expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

 

(b)          Upon
the occurrence of an Event of Default specified in Sections 4(b) and 4(c), the unpaid principal balance of this Note, and all other
sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without any action
on the part of Payee.

 

6.           Waivers.
Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor,
protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by
Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting
any property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or
sale under execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment; and
Maker agrees that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof, on any writ of execution
issued hereon, may be sold upon any such writ in whole or in part in any order desired by Payee.

 

7.           Unconditional
Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement
of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other
party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or
consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted
by Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors,
or sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder.

 

    	 

    	 

    

 

8.           Notices.
All notices, statements or other documents which are required or contemplated by this Agreement shall be: (i) in writing and delivered
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 and (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.

 

9.           Construction. THIS NOTE SHALL
BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE BRITISH VIRGIN ISLANDS, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS
THEREOF.

 

10.         Severability. Any
provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

11.         Trust
Waiver. Notwithstanding anything herein to the contrary, Payee hereby waives any and all right, title, interest or claim of
any kind (“Claim”) in or to any distribution of or from the trust account in which the proceeds of the initial
public offering (the “IPO”) conducted by Maker and the proceeds of the sale of the warrants issued in a private
placement (the “Insider Warrants”) were deposited upon consummation of the IPO, as described in greater detail
in the registration statement and prospectus filed with the Securities and Exchange Commission in connection with the IPO, and
hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the trust account for any reason
whatsoever.

 

12.         Amendment;
Waiver. Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent of Maker
and Payee.

 

13.
        Assignment. No assignment or transfer of this Note or any rights
or obligations hereunder may be made by any party hereto (by operation of law or otherwise) without the prior written consent of
the other party hereto and any attempted assignment without the required consent shall be void.

 

    	 

    	 

    

  

14.         Conversion.

 

(a)          At
the Payee’s option, at any time prior to payment in full of the principal balance of this Note, the Payee may elect to convert
all or any portion of the Note into that number of warrants (the “New Warrants”) equal to: (i) the portion
of the principal amount of the Note being converted pursuant to this Section 14, divided by (ii) $0.50, rounded up to the nearest
whole number. Each New Warrant shall have the same terms and conditions as an Insider Warrant. The New Warrants, the ordinary shares
of Payor underlying the New Warrants and any other equity security of Maker issued or issuable with respect to the foregoing by
way of a stock dividend or stock split or in connection with a combination of shares, recapitalization, amalgamation, consolidation
or reorganization (the “Warrant Shares”), shall be entitled to the registration rights set forth in Section
15 hereof.

 

(b)          Upon
any complete or partial conversion of the principal amount of this Note (i) such principal amount shall be so converted and such
converted portion of this Note shall become fully paid and satisfied, (ii) the Payee shall surrender and deliver this Note, duly
endorsed, to Maker or such other address which Maker shall designate against delivery of the New Warrants, (iii) Maker shall promptly
deliver a new duly executed Note to the Payee in the principal amount that remains outstanding, if any, after any such conversion
and (iv) in exchange for all or any portion of the surrendered Note described in Section 14(a), Maker shall deliver to Payee the
New Warrants, which shall bear such legends as are required, in the opinion of counsel to Maker or by any other agreement between
Maker and the Payee and applicable state and federal securities laws.

 

(c)          The
Payee shall pay any and all issue and other taxes that may be payable with respect to any issue or delivery of the New Warrants
upon conversion of this Note pursuant hereto; provided, however, that the Payee shall not be obligated to pay any transfer taxes
resulting from any transfer requested by the Payee in connection with any such conversion.

 

(d)          The
New Warrants shall not be issued upon conversion of this Note unless such issuance and such conversion comply with all applicable
provisions of law.

 

15.         Registration
Rights.

 

(a)          Reference
is made to that certain Registration Rights Agreement between the Maker and the parties thereto, dated July 19, 2012 (the “Agreement”).
All capitalized terms used in this Section 15 shall have the same meanings ascribed to them in the Agreement.

 

(b)          The
holders (“Holders”) of the New Warrants (or the Warrant Shares) shall be entitled to one Demand Registration,
which shall be subject to the same provisions as set forth in Section 2.1 of the Agreement.

 

    	 

    	 

    

 

(c)          The
Holders shall also be entitled to include the New Warrants (or the Warrant Shares) in Piggy-Back Registrations, which shall be
subject to the same provisions as set forth in Section 2.2 of the Agreement; provided, however, that in the event that an underwriter
advises the Maker that the Maximum Number of Securities has been exceeded with respect to a Piggy-Back Registration, the Holders
shall not have any priority for inclusion in such Piggy-Back Registration.

 

(d)          Except
as set forth above, the Holders and the Maker, as applicable, shall have all of the same rights, duties and obligations set forth
in the Agreement.

 

16.         [________]
Sponsor Note. Reference is made to that certain promissory note of the Maker of even date herewith pursuant to which the Maker
has promised to pay to the order of [___________] or its registered assigns or successors
in interest, or order, the principal sum of Two Hundred and Fifty Thousand Dollars ($250,000.00) in lawful money of the United
States of America, on the terms and conditions described therein, which are substantially identical to the terms and conditions
hereof (the “[_______] Sponsor Note” and, together with this Note, the
“Sponsor Notes”). It is intended that the Sponsor Notes, and the payees thereunder, be afforded equal treatment
and, as such, the Maker shall not make any payment under either Sponsor Note without making an equal and simultaneous payment under
the other Sponsor Note, and no amendments, waivers or other modifications shall be made to either Sponsor Note unless such amendments,
waivers or modifications are also made to the other Sponsor Note, in either case on the terms and conditions of the applicable
Sponsor Note.

 

    	 

    	 

    

 

IN WITNESS WHEREOF, Maker, intending to be legally bound hereby,
has caused this Note to be duly executed by the undersigned as of the day and year first above written.

 

	 	INFINITY CROSS BORDER ACQUISITION CORPORATION
	 	By:	 
	 	 	Name: Mark Chess
	 	 	Title:   Executive Vice President

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