Document:

Exhibit 10.5

 

Exhibit C – Final Form

 

WARRANT ASSIGNMENT, ASSUMPTION AND AMENDMENT
AGREEMENT

 

THIS WARRANT ASSIGNMENT, ASSUMPTION
AND AMENDMENT AGREEMENT (this “Agreement”) is entered into as of [●], 2022, by and among Sizzle Acquisition Corp.,
a Delaware corporation (“SPAC”), Critical Metals Corp., a BVI business company incorporated in the British Virgin Islands
(“PubCo”), and Continental Stock Transfer & Trust Company, a New York limited purpose trust company (“Continental”),
as warrant agent. Capitalized terms used but not defined herein have the meanings given to such terms in the Warrant Agreement (as defined
below).

 

WHEREAS, SPAC completed its
initial public offering of units on November 8, 2021 (“Offering”), pursuant to which it issued an aggregate of 15,500,000
units, each unit consisting of one share of common stock of SPAC, par value $0.0001 per share (“SPAC Shares”) and one-half
of one redeemable warrant (“SPAC Warrants”), each whole SPAC Warrant entitling the holder thereof to purchase one SPAC
Share at an initial exercise price of $11.50 per share, subject to adjustment;

 

WHEREAS, SPAC and Continental
entered into a warrant agreement, dated as of November 3, 2021, governing the terms of the SPAC Warrants (the “Warrant Agreement”);

 

WHEREAS, SPAC has entered
into an Agreement and Plan of Merger, dated as of October 24, 2022 (the “Merger Agreement”), by and among European
Lithium Limited, an Australian Public Company limited by shares, and the holder of all of the issued Company Ordinary Shares (as defined
in the Merger Agreement) ( “EUR”), European Lithium AT (Investments) Limited, a BVI business company incorporated in
the British Virgin Islands and a direct, wholly-owned subsidiary of EUR (the “Company”), PubCo, Project Wolf Merger
Sub Inc., a Delaware corporation and a direct, wholly-owned subsidiary of PubCo (“Merger Sub”) and SPAC, pursuant to
which, among other things, Merger Sub will merge pursuant to a statutory merger with and into SPAC (the “Merger”),
with SPAC surviving the Merger as a direct, wholly-owned subsidiary of PubCo (the transactions contemplated by the Merger Agreement, including
the Merger, are referred to herein as the “Business Combination”), which transactions will constitute the initial “Business
Combination” of SPAC for purposes of the Warrant Agreement;

 

WHEREAS, at the closing of
the Merger (the “Closing”), each outstanding SPAC Share (other than any Excluded SPAC Shares, as defined in the Merger
Agreement) will be converted into and exchanged for the right to receive one ordinary share of PubCo, par value $0.001 per share (the
“PubCo Shares”);

 

WHEREAS, pursuant to Section
2.5(b) of the Merger Agreement and Section 4.5 of the Warrant Agreement, upon the Closing, each SPAC Warrant issued and outstanding immediately
prior to the Closing will be assumed by PubCo and will represent a warrant to purchase PubCo Shares (collectively, the “PubCo
Warrants”) in accordance with the terms of the Warrant Agreement (as assumed and amended by this Agreement);

 

WHEREAS, Section 9.8 of the
Warrant Agreement provides that SPAC and the Warrant Agent may amend the Warrant Agreement without the consent of any registered holder
for the purpose of curing any ambiguity, or of curing, correcting or supplementing any defective provision contained therein or adding
or changing any other provisions with respect to matters or questions arising under the Warrant Agreement as SPAC and the Warrant Agent
may deem necessary or desirable and that SPAC and the Warrant Agent deem shall not adversely affect the interest of the registered holders
of the SPAC Warrants; and

 

WHEREAS, pursuant to Section
8.15 of the Merger Agreement, SPAC agreed to assign to PubCo, and PubCo agreed to assume, all of SPAC’s rights, interests, and obligations
under the Warrant Agreement, in each case, effective upon the Closing.

 

NOW, THEREFORE, for good and
valuable consideration, receipt of which is hereby acknowledged, the parties hereby agree as follows:

 

1. Assignment
and Assumption of Warrant Agreement. SPAC hereby assigns to PubCo all of SPAC’s right, title and interest in and to the Warrant
Agreement (as amended hereby) and PubCo hereby assumes, and agrees to pay, perform, satisfy and discharge in full, as the same become
due, all of SPAC’s liabilities and obligations under the Warrant Agreement (as amended hereby) arising from and after the execution
of this Agreement, in each case, effective immediately following the completion of the Business Combination and conditioned on the occurrence
of the Closing. As a result of the preceding sentence, effective immediately following the completion of the Business Combination, each
SPAC Warrant shall automatically cease to represent a right to acquire SPAC Shares and shall instead represent a right to subscribe for
PubCo Shares pursuant to the terms and conditions of the Warrant Agreement (as amended hereby). PubCo consents to payment of the Warrant
Price upon an exercise of such PubCo Warrants for PubCo Shares in accordance with the terms of the Warrant Agreement.

 

     

     

    

 

2. Consent.
The Warrant Agent hereby consents to the assignment of the Warrant Agreement by SPAC to PubCo and the assumption by PubCo of the Warrant
Agreement, each pursuant to Section 1 hereof, effective immediately following, and conditioned on the occurrence of, the Closing,
and to the continuation of the Warrant Agreement in full force and effect from and after the Business Combination, subject at all times
to the Warrant Agreement (as amended hereby) and to all of the provisions, covenants, agreements, terms and conditions of the Warrant
Agreement (as amended hereby) and this Agreement.

 

3. Replacement
Instruments. As of the Closing, all outstanding instruments evidencing Warrants shall automatically be deemed to evidence PubCo Warrants
reflecting the adjustment to the terms and conditions described herein and in Section 4.5 of the Warrant Agreement. Following the Closing,
upon request by any holder of a PubCo Warrant, PubCo shall issue a new certificate for such PubCo Warrant to the holder thereof.

 

4. Amendments
to Warrant Agreement. To the extent required by this Agreement, the Warrant Agreement is hereby amended pursuant to Section 9.8 thereof
to reflect the subject matter contained in this Agreement, effective as of the Closing, including as set forth below:

 

		(a)	Unless the context otherwise requires, from and after the Closing, any references in the Warrant Agreement
or the Warrants to: (i) the “Company” shall mean PubCo; (ii) “Common Stock” or “shares” shall mean
the PubCo Shares; (iii) “stockholder” shall mean shareholder; and (iv) the “Board of Directors” or any committee
thereof shall mean the board of directors of PubCo or any committee thereof.

 

		(b)	Section 2.5 of the Warrant Agreement is hereby deleted in its entirety and replaced with the following:

 

“[Intentionally
Omitted]”.

 

		(c)	Section 4.6 of the Warrant Agreement is hereby deleted in its entirety and replaced with the following:

 

“[Intentionally
Omitted]”.

 

		(d)	Section 5.3 of the Warrant Agreement is hereby amended by deleting
such Section and replacing it entirely as follows:

 

5.3 Fractional Warrants.
The Company shall not issue fractional Warrants.

 

		(e)	Section 5.7 of the Warrant Agreement is hereby deleted in its entirety and replaced with the following:

 

“[Intentionally
Omitted]”.

 

		(f)	Section 7.3 of the Warrant Agreement is hereby amended by deleting
such Section and replacing it entirely as follows:

 

7.3.
Authority to Issue Shares. The Company shall at all times maintain sufficient authorization to issue and allot shares to permit
the exercise in full of all outstanding Warrants issued pursuant to this Agreement.

 

    2

     

    

 

		(g)	Section 9.2 of the Warrant Agreement is hereby amended by deleting
such Section and replacing it entirely as follows:

 

9.2.
Notices. Any notice, statement or demand authorized by this Agreement to be given or made by the Warrant Agent or by the holder
of any Warrant to or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery, by pdf via email,
or if sent by certified mail or private courier service within five (5) days after deposit of such notice, postage prepaid, addressed
(until another address is filed in writing by the Company with the Warrant Agent), as follows:

 

c/o
European Lithium Ltd.

32
Harrogate Street

West
Leederville, Western Australia, 6007

Attention:
Tony Sage

Email:
TonyS@cyclonemetals.com

 

Any
notice, statement or demand authorized by this Agreement to be given or made by the holder of any Warrant or by the Company to or on the
Warrant Agent shall be sufficiently given when so delivered if by hand or overnight delivery, by pdf via email, or if sent by certified
mail or private courier service within five (5) days after deposit of such notice, postage prepaid, addressed (until another address is
filed in writing by the Warrant Agent with the Company), as follows:

 

Continental
Stock Transfer & Trust Company

One
State Street, 30th Floor

New
York, NY 10004

Attention:
Compliance Department 

 

with
a copy in each case (which shall not constitute notice) to:

 

White & Case LLP

1221 Avenue of the
Americas

New York, New York
10020

Attention: James Hu;
Oliver Wright

Email: james.hu@whitecase.com;
oliver.wright@whitecase.com

 

and

 

White & Case LLP

609 Main Street, Suite
2900

Houston, TX 77002

Attention: Jason A.
Rocha

Email: Jason.rocha@whitecase.com

 

    3

     

    

 

		(h)	The Warrant Agreement is hereby amended by adding the following
Sections:

 

9.11 Currency.
All dollar amounts herein are expressed in United States dollars.

 

9.12 Day not
a Business Day. If any day on or before which any action or notice is required to be taken or given hereunder is not a Business Day,
then such action or notice shall be required to be taken or given on or before the requisite time on the next succeeding day that is a
Business Day.

 

5. Reference
to and Effect on Agreements. Any references to “this Agreement” in the Warrant Agreement will mean the Warrant Agreement
as amended by this Agreement. Except as specifically amended by this Agreement, the provisions of the Warrant Agreement shall remain in
full force and effect.

 

6. Entire
Agreement. This Agreement and the Warrant Agreement, as modified by this Agreement, constitute the entire understanding of the parties
and supersede all prior agreements, understandings, arrangements, promises and commitments, whether written or oral, express or implied,
relating to the subject matter hereof, and all such prior agreements, understandings, arrangements, promises and commitments are hereby
canceled and terminated.

 

7. Applicable
Law. The validity, interpretation, and performance of this Agreement 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.

 

8. Counterparts.
This Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts shall for all purposes
be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. Execution and delivery
of this Agreement by electronic mail or exchange of facsimile of .pdf copies bearing the facsimile signature of a party hereto shall constitute
a valid and binding execution and delivery of this Agreement by such party.

 

9. Successors.
All the covenants and provisions of this Agreement shall bind and inure to the benefit of each party’s respective successors and
assigns.

 

10. Effectiveness
of Agreement. Each of the parties hereto acknowledges and agrees that the effectiveness of this Agreement shall be contingent upon
the occurrence of the Business Combination and the Closing.

 

[Signature Page Follows]

 

    4

     

    

 

IN WITNESS WHEREOF, this Agreement has been duly
executed by the parties hereto as a deed as of the day and year first above written.

 

	 	
    Executed as a deed by:

     

    SPAC

     

    SIZZLE ACQUISITION CORP. 

	 	 	 
	 	By:	 
	 	 	Name: 	 Steve Salis
	 	 	Title:	Chief Executive Officer

 

In the presence of:

 

	 	

Witness signature	 
	 	Name (in BLOCK CAPITALS)	 
	 	Address	 
	 	 	 
	 	 	 

 

[Signature Page to Warrant Assignment, Assumption and Amendment
Agreement]

 

    5

     

    

 

	 	
    Executed as a deed by: 

     

    PUBCO:

     

    Critical Metals Corp.

	 	 	 
	 	By:	 
	 	
    Name: 

    Title:
	
    Michael John Hanson

    Authorized Person

 

In the presence of:

 

	 	Witness signature	 
	 	Name (in BLOCK CAPITALS)	 
	 	Address	 
	 	 	 
	 	 	 

 

[Signature Page to Warrant Assignment, Assumption and Amendment
Agreement]

 

    6

     

    

 

	 	
    Executed as a deed by:

     

    CONTINENTAL STOCK TRANSFER & TRUST COMPANY

	 	 	 
	 	By:	            
	 	
    Name:

    
	 
	 	Title:	 

 

 

In the presence of:

 

	 	

Witness signature	 
	 	Name (in BLOCK CAPITALS)	 
	 	Address	 
	 	 	 
	 	 	 

 

[Signature Page to Warrant Assignment, Assumption and Amendment
Agreement]

 

7EX-4.1

 Exhibit 4.1 

Execution Version 

TALOS PRODUCTION INC. 

12.00% SECOND-PRIORITY SENIOR SECURED NOTES DUE 2026 

FORM OF SECOND SUPPLEMENTAL INDENTURE 

SECOND SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of October 27, 2022, among TALOS PRODUCTION
INC., a Delaware corporation (together with its successors and assigns, the “Issuer”), the Guarantors and WILMINGTON TRUST, NATIONAL ASSOCIATION, as trustee (in such capacity, the “Trustee”) and as collateral agent
(in such capacity, the “Collateral Agent”). 
 W I T N E S S E T H: 

WHEREAS, the Issuer, the Guarantors, the Trustee and the Collateral Agent are party to an indenture, dated as of January 4, 2021 (the
“Base Indenture”), relating to the Issuer’s 12.00% Second-Priority Senior Secured Notes due 2026, which was amended by the First Supplemental Indenture, dated as of January 14, 2021 (the “First Supplemental
Indenture” and, collectively with the Base Indenture, the “Indenture”); 
 WHEREAS, on September 21, 2022,
the Issuer, the Parent Guarantor, Tide Merger Sub I Inc., a Delaware corporation and a directly wholly owned subsidiary of the Parent Guarantor (“Merger Sub Inc.”), Tide Merger Sub II LLC, a Delaware limited liability company and a
directly wholly owned subsidiary of the Parent Guarantor (“Merger Sub LLC”), Tide Merger Sub III LLC, a Delaware limited liability company and a direct wholly owned subsidiary of the Issuer, EnVen Energy Corporation, a
Delaware corporation (“EnVen”), and BCC EnVen Investments, L.P., a Delaware limited partnership, in its capacity as the representative of the equityholders of EnVen, entered into an Agreement and Plan of Merger (as amended,
supplemented or otherwise modified from time to time, the “Merger Agreement”); 
 WHEREAS, pursuant to the Merger Agreement
and upon the terms and subject to satisfaction or waiver of the conditions set forth therein, (i) Merger Sub Inc. will merge with and into EnVen (the “First Merger”), with EnVen continuing as the surviving corporation in the
First Merger (the “First Surviving Corporation”); (ii) immediately following the First Merger, the First Surviving Corporation will merge with and into Merger Sub LLC (the “Second Merger”), with Merger Sub LLC
continuing as the surviving entity in the Second Merger (the “Surviving Company”) and (iii) if the Solicitation (as defined below) is consummated, the Surviving Company will merge with and into the Issuer; 

WHEREAS, the Issuer desires to amend and supplement the Indenture as contemplated by Section 4 of this Supplemental
Indenture (the “Amendments”); 
 WHEREAS, Section 9.02 of the Indenture provides that the Issuer, the Trustee and the
Collateral Agent may, in certain circumstances, amend the Indenture, the Notes and any other Note Document with the consent of the holders of at least a majority in principal amount of the Notes then outstanding voting as a single class (including
consents obtained in connection with a tender offer or exchange for the Notes), subject to Section 2.09 of the Indenture (the “Required Consents”); 

 WHEREAS, the Issuer has solicited the consent of the holders of the outstanding Notes (the
“Solicitation”), and the holders of at least a majority in principal amount of the Notes have validly consented to the amendments set forth in this Supplemental Indenture, pursuant to and in accordance with the Consent Solicitation
Statement, dated October 21, 2022 (the “Consent Solicitation Statement”), upon the terms and subject to the conditions set forth therein; 

WHEREAS, this Supplemental Indenture is authorized pursuant to Section 9.02 of the Indenture; 

WHEREAS, the Issuer has, pursuant to Section 9.05 of the Indenture, furnished the Trustee and the Collateral Agent with (i) an
Officers’ Certificate and an Opinion of Counsel complying with the requirements of Section 13.04 and 13.05 of the Indenture, (ii) a copy of the resolutions of the Board of Directors and (iii) evidence of Required Consents
(constituting consents of holders of at least a majority in principal amount of the Notes); 
 WHEREAS, the Trustee and the Collateral Agent
each is authorized to execute and deliver this Supplemental Indenture; and 
 WHEREAS, all acts and things prescribed by the Indenture, by
law and by the Certificate of Incorporation and the Bylaws (or comparable constituent documents) of the Issuer and of the Guarantors necessary to make this Supplemental Indenture a valid instrument legally binding on the Issuer, the Guarantors, the
Trustee and the Collateral Agent, in accordance with its terms, have been duly done and performed. 
 NOW THEREFORE, in consideration of the
foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Issuer, the Guarantors, the Trustee and the Collateral Agent mutually covenant and agree for the equal and ratable benefit of the holders of
the Notes as follows: 
 1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings ascribed to
them in the Indenture. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any
particular Section hereof. 
 2. Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as expressly amended
hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every
holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 
 3. Effectiveness of Supplemental Indenture;
Operativeness of Amendments. 
  

	 	(a)	 This Supplemental Indenture is supplemental to the Indenture and does and shall be deemed to form a part of,
and shall be construed in connection with and as part of, the Indenture for any and all purposes. 

  
 2 

	 	(b)	 This Supplemental Indenture shall become effective immediately upon its execution and delivery by the Issuer,
the Guarantors, the Trustee and the Collateral Agent; provided, however, that the Amendments shall only become operative once (i) the Second Merger is consummated and (ii) the Issuer pays (or causes to be paid) each consenting
holder’s Consent Fee (as defined in the Consent Solicitation Statement) to The Depository Trust Company for the benefit of the consenting holders in accordance with the terms set forth in the Consent Solicitation Statement (collectively, the
“Conditions”). The Issuer shall notify the Trustee promptly in writing after the satisfaction of the Conditions. 

4. Amendments. 
  

	 	(a)	 The Indenture and the Notes are hereby amended by adding the definition of “EnVen Notes” to
Section 1.01 of the Indenture as follows: 

 “EnVen Notes” means the 11.750%
Senior Secured Second Lien Notes due 2026 issued by Energy Ventures GoM LLC (or any successor) and EnVen Finance Corporation (or any successor) pursuant to that certain indenture, dated April 15, 2021 (as amended, restated, supplemented or
otherwise modified from time to time), among Energy Ventures GoM LLC, as issuer, EnVen Finance Corporation, as co-issuer, the guarantors from time to time party thereto and Wilmington Trust, National
Association (or any successor), as trustee and collateral agent. 
  

	 	(b)	 The Indenture and the Notes are hereby amended by modifying clause (6)(D) of the definition of “Permitted
Liens” to insert the bold and underlined language in Section 1.01 of the Indenture as follows: 

“Permitted Liens” means, with respect to any Person: 

(6) (D) Liens securing the Notes Obligations issued on the Issue Date and Liens securing the Obligations under the EnVen
Notes; 
  

	 	(c)	 The Indenture and the Notes are hereby amended by modifying Section 4.03(b)(ii) of the Indenture to insert
the bold and underlined language in Section 4.03(b)(ii) as follows: 

 (b) The limitations set forth
in Section 4.03(a) shall not apply to: 
 (ii) the Incurrence by the Issuer and the Subsidiary Guarantors of
Indebtedness represented by the Notes (including any guarantee thereof (including the Subsidiary Guarantees)) (including any Exchange Notes and related guarantees thereof) (not including any Additional Notes) and the Indebtedness in respect of
the EnVen Notes (including any guarantee thereof); 
 5. The Trustee and the Collateral Agent Make No Representations.
Neither the Trustee nor the Collateral Agent makes any representation as to the validity or sufficiency of this Supplemental Indenture. 

  
 3 

 6. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 7. Counterparts. The parties may sign any number of copies of this
Supplemental Indenture. Each signed copy shall be an original (which may be delivered in original form or facsimile or an electronic file thereof), but all of them together represent the same agreement. The exchange of copies of this Supplemental
Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all
purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. The words “execution,” “signed,” “signature,” “endorse” and words of
similar import in this Supplemental Indenture shall be deemed to include electronic or digital signatures or the keeping of records in electronic form, each of which shall be of the same effect, validity, and enforceability as manually executed
signatures or a paper-based recordkeeping system, as the case may be, to the extent and as provided for under applicable law, including the Electronic Signatures in Global and National Commerce Act of 2000 (15 U.S.C. §§ 7001-7006), the
Electronic Signatures and Records Act of 1999 (N.Y. State Tech. §§ 301-309), or any other similar state laws based on the Uniform Electronic Transactions Act; provided that, notwithstanding anything
herein to the contrary, neither the Trustee nor the Collateral Agent is under any obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Trustee or the Collateral Agent pursuant to
procedures approved by such Trustee or the Collateral Agent, as applicable. 
 8. Effect of Headings. The Section headings herein are
for convenience only and shall not affect the construction thereof. 
 [Signatures on following pages] 

  
 4 

 IN WITNESS WHEREOF, the parties have caused this Supplemental Indenture to be duly executed
as of the date first written above. 
  

					
	 TALOS PRODUCTION INC.

TALOS ENERGY INC.
 CKB PETROLEUM, LLC

STONE ENERGY HOLDING, L.L.C.
 TALOS ENERGY HOLDINGS
LLC
 TALOS ENERGY INTERNATIONAL LLC
 TALOS ENERGY
LLC
 TALOS ENERGY OFFSHORE LLC
 TALOS ENERGY
OPERATING COMPANY LLC
 TALOS ENERGY PHOENIX LLC

TALOS ERT LLC
 TALOS EXPLORATION LLC

TALOS GULF COAST LLC
 TALOS GULF COAST OFFSHORE
LLC
 TALOS GULF COAST ONSHORE LLC
 TALOS OIL AND
GAS LLC
 TALOS PETROLEUM LLC
 TALOS PRODUCTION
FINANCE INC.
 TALOS RESOURCES LLC
 TALOS THIRD
COAST LLC

		
	By:	 	 /s/ Shannon E. Young III

		 	Name:	 	Shannon E. Young III
		 	Title:	 	Executive Vice President and Chief Financial Officer

 [Signature Page – Second Supplemental Indenture] 

 
			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee
		
	By:	 	 /s/ Barry D. Somrock

		 	Name: Barry D. Somrock
		 	Title: Vice President

  

			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity, but solely as Collateral Agent
		
	By:	 	 /s/ Barry D. Somrock

		 	Name: Barry D. Somrock
		 	Title: Vice President

 [Signature Page – Second Supplemental Indenture]

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