Document:

Exhibit 10.7 

 

PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT

 

THIS PRIVATE PLACEMENT WARRANTS
PURCHASE AGREEMENT, dated as of [•], 2022 (as it may from time to time be amended and including all exhibits referenced herein, this
 “Agreement”), is entered into by and between Integrated Energy Transition Acquisition Corp., a Delaware corporation
(the “Company”), and Integrated Energy Partners, 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 the Company’s Class A common stock, par value $0.0001 per share (each, a “Share”), and one-half
of one redeemable warrant. Each whole warrant entitles the holder to purchase one Share at an exercise price of $11.50 per Share. The
Purchaser has agreed to purchase an aggregate of 8,500,000 warrants (or 8,950,000 warrants in the aggregate to the extent the over-allotment
option in connection with the Public Offering is exercised) (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.

 

On the date of the consummation
of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “IPO
Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate
of 8,500,000 Private Placement Warrants at a price of $1.00 per warrant for an aggregate purchase price of $8,500,000 (the “Purchase
Price”), which shall be paid by wire transfer of immediately available funds to the Company in accordance with the Company’s
wiring instructions at least one business day prior to the IPO Closing Date. On the IPO Closing Date, the Company shall either, at its
option, deliver certificates evidencing the Private Placement Warrants purchased by the Purchaser on such date duly registered in the
Purchaser’s name to the Purchaser, or effect such delivery in book-entry form. On the date of the consummation of the closing of
the over-allotment option 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 being sometimes referred to herein as a “Closing Date”), the Company shall issue and sell to the
Purchaser, and the Purchaser shall purchase from the Company, up to an aggregate of 450,000 Private Placement Warrants, in the same proportion
as the amount of the over-allotment option that is exercised, at a price of $1.00 per warrant for an aggregate purchase price of up to
$450,000 (if the over-allotment option in connection with the Public Offering is exercised in full) (the “Over-allotment Purchase
Price”), which shall be paid by wire transfer of immediately available funds to the Company in accordance with the Company’s
wiring instructions at least one business day prior to such Over-allotment Closing Date. On the Over-allotment Closing Date, upon the
payment by the Purchaser of the Over-allotment Purchase Price payable by it by wire transfer of immediately available funds to the Company,
the Company shall either, at its option, deliver certificates evidencing the Private Placement Warrants purchased by the Purchaser 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)  The Private Placement Warrants
shall have their 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”).

 

     

     

    

 

(ii)  At or prior
to the time of the IPO Closing Date, the Company and the Purchaser shall enter into a registration rights agreement (the “Registration
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 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. Organization and
Corporate Power. The Company is a corporation duly organized, 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 and the Shares underlying the Private Placement Warrants
have been duly authorized and approved by the Company. This Agreement constitutes a 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 each issuance of Private Placement Warrants 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, 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 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, action, notice, declaration or filing, in each case, by or to 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 contemplated 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 Placement Warrants will be
duly and validly issued and the Shares issuable upon exercise of the Private Placement Warrants will be duly and validly issued, fully
paid and nonassessable. On the date of issuance of the Placement Warrants, the Shares issuable upon exercise of the Placement Warrants
shall have been reserved for issuance. 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 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.

 

Governmental
Consents. Assuming the accuracy of the representations and warranties made by the Purchaser in this Agreement, no permit,
consent, approval or authorization of, or registration, qualification or declaration or filing, except for applicable requirements
of the Securities Act 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.

 

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Section 3. Representations
and Warranties of the Purchaser. As a material inducement to the Company to enter into this Agreement and 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)  The execution,
delivery and performance of this Agreement have been duly authorized and approved by the Purchaser. 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, action, notice, declaration or filing, in each case, by or to 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 that would materially impact its ability to perform its obligations hereunder,
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 the Purchaser’s 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 of the Securities Act of 1933,
as amended (the “Securities Act”), 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.

 

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(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 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. While the Purchaser understands that Rule 144 under the Securities
Act is not available for the resale of securities initially issued by shell companies (other than business combination related shell companies)
or issuers that have been at any time previously a shell company, the Purchaser understands that Rule 144 includes an exception to
this prohibition if the following conditions are met: (i) the issuer of the securities that was formerly a shell company has ceased
to be a shell company; (ii) the issuer of the securities is subject to the reporting requirements of Section 13 or 15(d) of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”); (iii) the issuer of the securities has filed
all Exchange Act reports and material required to be filed, as applicable, during the preceding 12 months (or such shorter period that
the issuer was required to file such reports and materials), other than Form 8-K reports; and (iv) at least one year has elapsed
from the time that the issuer filed current Form 10 type information with the U.S. Securities and Exchange Commission (the “SEC”)
reflecting its status as an entity that is not a shell company.

 

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(viii)  The Purchaser
has knowledge and experience in financial and business matters, understands 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 investment 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 Rights Agreement. The Company shall have entered into the Warrant Agreement and the Registration Rights
Agreement, each on terms satisfactory to the Purchaser.

 

E.  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.

 

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.

 

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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. The Company shall have entered into the Warrant Agreement on terms satisfactory to the Company.

 

Section 6. Termination.
This Agreement may be terminated at any time after the Company’s business combination deadline (subject to the Company’s ability
to seek an extension of such deadline) upon the election by either the Company or the Purchaser upon written notice to the other party
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 on
Form S-1, which the Company has filed with the SEC under the Securities Act.

 

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 without the prior
written consent of the other party hereto, other than assignments by the Purchaser to its affiliates (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. In the event that any signature is delivered
by facsimile transmission or by e-mail delivery of a “pdf” format data file, 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 facsimile
or “.pdf” signature page were an original thereof.

 

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 New York.

 

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]

 

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

 

	 	COMPANY:
	 	 	 
	 	INTEGRATED ENERGY TRANSITION ACQUISITION CORP., a Delaware corporation
	 	 	
	 	By:	 
	 	 	Name: Narinder Singh
	 	 	Title: Chief Executive Officer
	 	 	 
	 	PURCHASER:
	 	 	 
	 	INTEGRATED ENERGY PARTNERS, LLC, a Delaware limited liability company
	 	 	 
	 	By:	 
	 	 	Name: Narinder Singh
	 	 	Title: Manager

 

[Signature Page to Private Placement Warrants
Purchase Agreement]Exhibit 10.8

 

PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT

 

This PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT (this “Agreement”)
is made as of the [•] day of [•] 2022, by and among Integrated Energy Transition Acquisition Corp., a Delaware corporation (the
 “Company”), Cantor Fitzgerald & Co. (“Cantor”) and Odeon Capital Group, LLC (the “Subscribers”).

 

WHEREAS, the Company desires to sell to the Subscribers on a private
placement basis (the “Offering”) an aggregate of 750,000 warrants (each, a “Placement Warrant” and,
collectively, the “Placement Warrants”) of the Company, for a purchase price of $1.00 per Placement Warrant. The shares
of Class A Common Stock (as defined below) underlying the Warrants are hereinafter referred to as the “Warrant Shares”.
The Placement Warrants and Warrant Shares, collectively, are hereinafter referred to as the “Securities.” Each whole
Placement Warrant is exercisable to purchase one share of Class A Common Stock at an exercise price of $11.50, as provided in the
registration statement in connection with the initial public offering (the “IPO”) of the Company’s units (the
 “Units”), as amended at the time it becomes effective (the “Registration Statement”), and expiring
on the fifth anniversary of the consummation of the Company’s initial business combination (the “Business Combination”)
(provided that so long as the Placement Warrants are held by the Subscribers or their designees, the Subscribers or their designees will
not be permitted to exercise such Placement Warrants after the five year anniversary of the effective date of the Registration Statement);
and

 

WHEREAS, the Subscribers wish to purchase an aggregate of 750,000 Placement
Warrants, and the Company wishes to accept such subscription from the Subscribers.

 

NOW, THEREFORE, in consideration of the premises and the mutual covenants
hereinafter set forth and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company
and Subscribers hereby agree as follows:

 

1. Agreement to Subscribe

 

1.1. Purchase and Issuance of the Placement Warrants. Upon the
terms and subject to the conditions of this Agreement, the Subscribers hereby agree to purchase from the Company, and the Company hereby
agrees to sell to the Subscribers, on the Closing Date (as defined below) the Placement Warrants, in accordance with the percentage allocation
set forth on Exhibit A hereto (the “Allocation”), in consideration of the payment of the Purchase Price
(as defined below). On the Closing Date, the Company shall, at its option, deliver to the Subscribers the certificates representing the
Placement Warrants purchased or effect such delivery in book-entry form.

 

1.2. Purchase Price. As payment in full for the Placement Warrants
being purchased under this Agreement, the Subscribers shall pay $1.00 per warrant, for an aggregate purchase price of $750,000 (the “Purchase
Price”), in accordance with the Allocation, by wire transfer of immediately available funds or by such other method as may be
reasonably acceptable to the Company, to the trust account (the “Trust Account”) at a financial institution to be chosen
by the Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee (“Continental”),
on or prior to the Closing Date.

 

1.3. Closings.

 

1.3.1. The closing of the purchase and sale of 750,000 Placement Warrants
(the “Closing”) shall take place simultaneously with the closing of the IPO (the “Closing Date”).

 

1.3.2. Reserved.

 

1.3.3. The Closing shall take place at the offices of Winston &
Strawn LLP, 800 Capitol Street, Suite 2400

Houston, TX 77007-1090, or such other place as may be agreed upon by the parties hereto.

 

1.4 Conditions to Closing. The obligation of the Subscribers
to purchase and pay for the Placement Warrants, as provided herein shall be subject to the satisfaction of the conditions set forth in
Section 4 of the Underwriting Agreement, dated as of the date hereof, by and between the Company and Cantor, as representative of
the underwriters named therein (the “Underwriting Agreement”).

 

    

     

    

 

1.5 Termination. This Agreement and each of the obligations
of the undersigned shall be null and void and without effect if a Closing does not occur prior to June 30, 2022.

 

2. Representations and Warranties of Subscribers

 

Each Subscriber represents and warrants to the Company, severally and
not jointly, that:

 

2.1. No Government Recommendation or Approval. Subscriber understands
that no federal or state agency has passed upon or made any recommendation or endorsement of the Company or the Offering of the Securities.

 

2.2. Accredited Investor. Subscriber represents that it is an
 “accredited investor” as such term is defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as
amended (the “Securities Act”), and acknowledges that the sale contemplated hereby is being made in reliance, among
other things, on a private placement exemption to “accredited investors” under the Securities Act and similar exemptions under
state law.

 

2.3. Intent. Subscriber is purchasing the Securities solely
for investment purposes, for Subscriber’s own account (and/or for the account or benefit of its members or affiliates, as permitted,
pursuant to the terms hereof), and not with a view to the distribution thereof.

 

2.4. Restrictions on Transfer. Subscriber acknowledges and understands
the Placement Warrants are being offered in a transaction not involving a public offering in the United States within the meaning of the
Securities Act. The Securities have not been registered under the Securities Act and, if in the future Subscriber decides to offer, resell,
pledge or otherwise transfer the Securities, such Securities may be offered, resold, pledged or otherwise transferred only (A) pursuant
to an effective registration statement filed under the Securities Act, (B) pursuant to an exemption from registration under Rule 144
promulgated under the Securities Act, if available, or (C) pursuant to any other available exemption from the registration requirements
of the Securities Act, and in each case in accordance with any applicable securities laws of any state or any other jurisdiction. Notwithstanding
the foregoing, Subscriber acknowledges and understands the Securities are subject to transfer restrictions as described in Section 7
hereof. Subscriber agrees that if any transfer of its Securities 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 with respect
to such transfer. Absent registration or another available exemption from registration, Subscriber agrees it will not resell the Securities
(unless otherwise permitted pursuant to the terms hereof). Subscriber further acknowledges that because the Company is a shell company,
Rule 144 may not be available to Subscriber for the resale of the Securities until the one year anniversary 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.

 

2.5. Sophisticated Investor.

 

(i) Subscriber is sophisticated in financial matters and is able
to evaluate the risks and benefits of the investment in the Securities.

 

(ii) Subscriber is aware that an investment in the Securities
is highly speculative and subject to substantial risks because, among other things, (a) the Securities are subject to transfer restrictions
and have not been registered under the Securities Act and therefore cannot be sold unless subsequently registered under the Securities
Act or an exemption from such registration is available and (b) Subscriber has waived its redemption rights with respect to the Securities
as set forth in Section 5 hereof, and the Securities held by the Subscriber are not entitled to, and have no right, interest or claim
to any monies held in the Trust Account, and accordingly Subscriber may suffer a loss of a portion or all of its investment in the Securities.
Subscriber is able to bear the economic risk of its investment in the Securities for an indefinite period of time.

 

2.6. Organization and Authority. Subscriber is duly organized,
validly existing and in good standing under the laws of its state of incorporation or formation and it possesses all requisite power and
authority necessary to carry out the transactions contemplated by this Agreement.

 

2.7. Authority. This Agreement has been validly authorized,
executed and delivered by Subscriber and is a valid and binding agreement enforceable in accordance with its terms, subject to the general
principles of equity and to bankruptcy or other laws affecting the enforcement of creditors’ rights generally.

 

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

 

    

     

    

 

2.9. No Legal Advice from Company. Subscriber acknowledges it
has had the opportunity to review this Agreement and the transactions contemplated by this Agreement and the other agreements entered
into between the parties hereto with Subscriber’s own legal counsel and investment and tax advisors. Except for any statements or
representations of the Company made in this Agreement and the other agreements entered into between the parties hereto, Subscriber is
relying solely on such counsel and advisors and not on any statements or representations of the Company or any of its representatives
or agents for legal, tax or investment advice with respect to this investment, the transactions contemplated by this Agreement or the
securities laws of any jurisdiction.

 

2.10. Reliance on Representations and Warranties. Subscriber
understands the Placement Warrants are being offered and sold to the Subscriber in reliance on exemptions from the registration requirements
under the Securities Act, and analogous provisions in the laws and regulations of various states, and that the Company is relying upon
the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of the Subscriber set forth
in this Agreement in order to determine the applicability of such provisions.

 

2.11. No General Solicitation. Subscriber is not subscribing
for the Placement Warrants as a result of or subsequent to any general solicitation or general advertising, including but not limited
to any advertisement, article, notice or other communication published in any newspaper, magazine, or similar media or broadcast over
television or radio, or presented at any seminar or meeting or in a registration statement with respect to the IPO filed with the Securities
and Exchange Commission (“SEC”).

 

2.12. Legend. Subscriber acknowledges and agrees the certificates
evidencing each of the Securities shall bear a restrictive legend (the “Legend”), in form and substance substantially
as set forth in Section 4 hereof.

 

3. Representations, Warranties and Covenants of the Company

 

The Company represents and warrants to, and agrees with, Subscriber
that:

 

3.1. Valid Issuance. The Company is authorized to issue 400,000,000
shares of Class A common stock (“Class A Common Stock”), 40,000,000 shares of Class B common stock (“Class B
Common Stock”) and 1,000,000 shares of undesignated preferred stock (“Preferred Stock”), of par value $0.0001
each. As of the date hereof, the Company has issued and outstanding no shares of Class A Common Stock and 4,132,500 shares of Class B
Common Stock (of which up to 562,500 shares are subject to forfeiture as described in the Registration Statement) and no shares of Preferred
Stock. All of the issued shares of the Company have been duly authorized, validly issued, and are fully paid and non-assessable.

 

3.2 Title to Securities. Upon issuance in accordance with, and
payment pursuant to, the terms hereof and that certain warrant agreement to be entered into between the Company and Continental, as warrant
agent (the “Warrant Agreement”), as the case may be, each of the Placement Warrants and Warrant Shares (after issuance)
will be duly and validly issued, fully paid and non-assessable. On the date of issuance of the Placement Warrants, a sufficient number
of Warrant Shares shall have been reserved for issuance upon the exercise of all of the the Placement Warrants. Upon issuance in accordance
with, and payment pursuant to, the terms hereof and the Warrant Agreement, as the case may be, the Subscribers will have or receive good
title to the Placement Warrants, free and clear of all liens, claims and encumbrances of any kind, other than (i) transfer restrictions
hereunder and (ii) transfer restrictions under federal and state securities laws.

 

3.3. Organization and Qualification. The Company is a corporation
duly incorporated, validly existing and in good standing under the laws of Delaware and has the requisite corporate power to own its properties
and assets and to carry on its business as now being conducted.

 

3.4. Authorization; Enforcement. (i) The Company has the
requisite corporate power and authority to enter into and perform its obligations under this Agreement and to issue the Securities in
accordance with the terms hereof, (ii) the execution, delivery and performance of this Agreement by the Company and the consummation
by it of the transactions contemplated hereby have been duly authorized by all necessary corporate action, and no further consent or authorization
of the Company or its Board of Directors or stockholders is required, and (iii) this Agreement constitutes valid and binding obligations
of the Company enforceable against the Company in accordance with its terms, except as such enforceability may be limited by applicable
bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization, or similar laws relating to, or affecting generally the enforcement
of, creditors’ rights and remedies or by equitable principles of general application and except as enforcement of rights to indemnity
and contribution may be limited by federal and state securities laws or principles of public policy.

 

    

     

    

 

3.5. No Conflicts. The execution, delivery and performance of
this Agreement and the consummation by the Company of the transactions contemplated hereby do not (i) result in a violation of the
Company’s amended and restated certificate of incorporation, (ii) conflict with, or constitute a default under any agreement
or instrument to which the Company is a party or (iii) any law statute, rule or regulation to which the Company is subject or
any agreement, order, judgment or decree to which the Company is subject. Other than any SEC or state securities filings which may be
required to be made by the Company subsequent to the Closing, and any registration statement which may be filed pursuant thereto, the
Company is not required under federal, state or local law, rule or regulation to obtain any consent, authorization or order of, or
make any filing or registration with, any court or governmental agency or self-regulatory entity in order for it to perform any of its
obligations under this Agreement or issue the Placement Warrants or Warrant Shares in accordance with the terms hereof.

 

3.6. Additional Representations and Warranties. The representations
and warranties of the Company set forth in the Underwriting Agreement are hereby incorporated herein.

 

4. Legends

 

4.1. Legend. The Company will issue the Placement Warrants,
and when issued, the Warrant Shares, purchased by the Subscriber in the name of the Subscribers. The Securities will bear the following
Legend and appropriate “stop transfer” instructions:

 

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS, AND MAY NOT
BE OFFERED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES
LAWS OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE.”

 

“IN ADDITION, THE SECURITIES REPRESENTED BY THIS CERTIFICATE
MAY NOT BE SOLD OR TRANSFERRED PRIOR TO THE DATE THAT IS THE LATER OF THIRTY (30) DAYS AFTER THE DATE UPON WHICH INTEGRATED ENERGY
TRANSITION ACQUISITION CORP. (THE “COMPANY”) COMPLETES ITS INITIAL BUSINESS COMBINATION (AS DEFINED IN SECTION 3 OF THE
WARRANT AGREEMENT REFERRED TO HEREIN) OR 12 MONTHS FROM THE CLOSING OF THE COMPANY’S INITIAL PUBLIC OFFERING OF UNITS, EXCEPT TO
A PERMITTED TRANSFEREE (AS DEFINED IN SECTION 2 OF THE WARRANT AGREEMENT) WHO AGREES IN WRITING WITH THE COMPANY TO BE SUBJECT TO
SUCH TRANSFER PROVISIONS.”

 

“SECURITIES EVIDENCED BY THIS CERTIFICATE AND SHARES OF CLASS A
COMMON STOCK OF THE COMPANY ISSUED UPON EXERCISE OF SUCH SECURITIES SHALL BE ENTITLED TO REGISTRATION RIGHTS UNDER A REGISTRATION RIGHTS
AGREEMENT TO BE EXECUTED BY THE COMPANY.”

 

4.2. Subscribers’ Compliance. Nothing in this Section 4
shall affect in any way the Subscribers’ obligations and agreements to comply with all applicable securities laws upon resale of
the Securities.

 

4.3. Company’s Refusal to Register Transfer of the Securities.
The Company shall refuse to register any transfer of the Securities, if in the sole judgment of the Company such purported transfer would
not be made (i) pursuant to an effective registration statement filed under the Securities Act, or pursuant to an available exemption
from the registration requirements of the Securities Act and (ii) in compliance herewith.

 

4.4 Registration Rights. The Subscribers will be entitled to
certain registration rights which will be governed by a registration rights agreement (“Registration Rights Agreement”)
to be entered into between, among others, the Subscribers and the Company, on or prior to the effective date of the Registration Statement.
Pursuant to the Registration Rights Agreement, the Subscribers may not exercise its demand and “piggyback” registration rights
after five (5) and seven (7) years from the commencement of sales in the IPO and may not exercise its demand rights on more
than one occasion.

 

    

     

    

 

5. Waiver of Liquidation Distributions.

 

In connection with the Securities purchased pursuant to this Agreement,
the Subscribers hereby waive any and all right, title, interest or claim of any kind in or to any distributions of the amounts in the
Trust Account with respect to the Securities, whether (i) in connection with the exercise of redemption rights if the Company consummates
the Business Combination, (ii) upon the Company’s redemption of shares of Class A Common Stock included in the Units sold
in the Company’s IPO upon the Company’s failure to timely complete the Business Combination or (iv) in connection with
a stockholder vote to approve an amendment to the Company’s amended and restated certificate if incorporation (A) to modify
the substance or timing of the Company’s obligation to redeem 100% of the Company’s public shares if the Company does not
timely complete the Business Combination or (B) with respect to any other provision relating to stockholders’ rights or pre-Business
Combination activity. In the event that the Subscribers purchase shares of Class A Common Stock as part of the Units in the IPO or
in the aftermarket, any additional share of Class A Common Stock so purchased shall be eligible to receive the redemption value of
such shares of Class A Common Stock upon the same terms offered to all other purchasers of shares of Class A common Stock included
as part of the Units in the IPO. Nothing herein shall preclude the Subscribers from making any claim or seeking recourse against the Company’s
funds held outside of the Trust Account or seeking to enforce the terms of the Underwriting Agreement.

 

6. Terms of Placement Warrants. Each Placement Warrant shall
have the terms set forth in the Warrant Agreement.

 

7. Lock-Up Period.

 

7.1. The Subscribers agree that they shall not Transfer any Securities
until 30 days following the consummation of the Business Combination; provided, however, that Transfers of Securities are permitted (a) to
the Company’s officers or directors, any affiliate or family member of any of the Company’s officers or directors or any affiliate
of Subscribers or to any member(s) of Subscribers or any of their affiliates; (b) in the case of an individual, by gift to a
member of such individual’s immediate family or to a trust, the beneficiary of which is a member of such individual’s immediate
family, an affiliate of such individual or to a charitable organization; (c) in the case of an individual, by virtue of laws of descent
and distribution upon death of such individual; (d) in the case of an individual, pursuant to a qualified domestic relations order;
(e) by private sales or transfers made in connection with any forward purchase agreement or similar arrangement or in connection
with the consummation of the Business Combination at prices no greater than the price at which the Placement Shares or Placement Warrants
were originally purchased; (f) by virtue of the laws of the state of incorporation or formation of Subscribers or Subscribers’
organization documents upon dissolution of Subscribers; (g) in the event of the Company’s liquidation prior to the completion
of the Business Combination; or (h) in the event of the Company’s liquidation, merger, share exchange, or other similar transaction
which results in all of the Company’s shareholders having the right to exchange their shares of Class A Common Stock for cash,
securities or other property subsequent to the Business Combination; provided, however, that in the case of clauses (a) through (f),
these permitted transferees must enter into a written agreement with the Company agreeing to be bound by the Transfer restrictions herein.

 

7.2. For purposes of Section 7.1, the term “Transfer”
shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or
otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or
liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange
Act of 1934, as amended, and the rules and regulations of the SEC promulgated thereunder with respect to, any of the Securities,
(b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of
ownership of any of the Securities, whether any such transaction is to be settled by delivery of such Securities, in cash or otherwise,
or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b).

 

7.3 In addition to the restrictions on transfer described in Section 7.1,
Subscribers acknowledge and agree that the Placement Warrants and their component parts and the related registration rights will be deemed
compensation by the Financial Industry Regulatory Authority (“FINRA”) and will therefore, pursuant to Rule 5110(e) of
the FINRA Manual, be subject to lock-up for a period of 180 days immediately following the commencement of sales in the IPO, subject to
FINRA Rule 5110(e)(2). Additionally, the Placement Warrants and their component parts and the related registration rights may not
be sold, transferred, assigned, pledged or hypothecated during the foregoing 180 day period except to any underwriter or selected dealer
participating in the IPO and the officers or partners, registered persons or affiliates of any Subscriber and any such participating underwriter
or selected dealer. Additionally, the Placement Warrants and their component parts and the related registration rights will not be the
subject of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition of such securities
by any person for a period of 180 days immediately following the commencement of sales in the IPO.

 

    

     

    

 

8. Terms of the Placement Warrants

 

The Placement Warrants are substantially identical to the warrants
included as part of the Units to be offered in the IPO except that: (i) the Placement Warrants are subject to the transfer restrictions
described in Section 7 hereof, (ii) the Placement Warrants will be non-redeemable and may be exercisable on a “cashless”
basis, as further described in the Warrant Agreement, in each case so long as they continue to be held by the Company’s sponsor
or its permitted transferees, and (iii) the Placement Warrants are being purchased pursuant to an exemption from the registration
requirements of the Securities Act and will become freely tradable only after the expiration of the lockup described above in clause (i) and
they are registered pursuant to the Registration Rights Agreement or an exemption from registration is available, and the restrictions
described above in clause (i) has expired.

 

9. Governing Law; Jurisdiction; Waiver of Jury Trial

 

This Agreement shall be governed by and construed in accordance with
the laws of the State of New York for agreements made and to be wholly performed within such state. The parties hereto hereby waive any
right to a jury trial in connection with any litigation pursuant to this Agreement and the transactions contemplated hereby.

 

10. Assignment; Entire Agreement; Amendment

 

10.1. Assignment. Neither this Agreement nor any rights hereunder
may be assigned by any party to any other person other than by Subscribers to a person agreeing to be bound by the terms hereof, including
the transfer restrictions contained in Section 7 hereof.

 

10.2. Entire Agreement. This Agreement sets 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.

 

10.3. Amendment. Except as expressly provided in this Agreement,
neither this Agreement nor any term hereof may be amended, waived, discharged or terminated other than by a written instrument signed
by all of the parties hereto.

 

10.4. Binding upon Successors. This Agreement shall be binding
upon and inure to the benefit of the parties hereto and to their respective heirs, legal representatives, successors and permitted assigns.

 

11. Notices

 

11.1 Notices. Unless otherwise provided herein, any notice or
other communication to a party hereunder shall be sufficiently given if in writing and personally delivered or sent by facsimile or other
electronic transmission with copy sent in another manner herein provided or sent by courier (which for all purposes of this Agreement
shall include Federal Express or other recognized overnight courier) or mailed to said party by certified mail, return receipt requested,
at its address provided for herein or such other address as either may designate for itself in such notice to the other. Communications
shall be deemed to have been received when delivered personally, on the scheduled arrival date when sent by next day or 2nd-day courier
service, or if sent by facsimile upon receipt of confirmation of transmittal or, if sent by mail, then three days after deposit in the
mail. If given by electronic transmission, such notice shall be deemed to be delivered (a) if by electronic mail, when directed to
an electronic mail address at which the shareholder has consented to receive notice; (b) if by a posting on an electronic network
together with separate notice to the shareholder of such specific posting, upon the later of (1) such posting and (2) the giving
of such separate notice; and (c) if by any other form of electronic transmission, when directed to the shareholder.

 

12. 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 by e-mail delivery of a “pdf” format data file, 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 facsimile or “.pdf” signature page were an original thereof.

 

    

     

    

 

13. Survival; Severability

 

13.1. Survival. The representations, warranties, covenants and
agreements of the parties hereto shall survive the Closing Date.

 

13.2. Severability. In the event that any provision of this
Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue
in full force and effect without said provision; provided that no such severability shall be effective if it materially changes the economic
benefit of this Agreement to any party.

 

14. Headings.

 

The titles and subtitles used in this Agreement are used for convenience
only and are not to be considered in construing or interpreting this Agreement.

 

[remainder of page intentionally left blank]

 

    

     

    

 

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

 

	 	COMPANY:
	 	 
	 	INTEGRATED ENERGY
    TRANSITION ACQUISITION CORP.
	 	 	 
	 	By:	                   
	 	Name:
	 	Title:
	 	 
	 	SUBSCRIBERS:
	 	 
	 	CANTOR FITZGERALD &
    CO.
	 	 	 
	 	By:	 
	 	Name:
	 	Title:

 

	 	ODEON CAPITAL GROUP, LLC
	 	 	 
	 	By:	         
	 	Name:
	 	Title:

 

[Signature
Page – Private Placement Warrants Purchase Agreement]

 

    

     

    

 

Exhibit A

 

	Subscriber	Percentage Allocation
	Cantor Fitzgerald & Co.	70%
	Odeon Capital Group, LLC	30%

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