Document:

Exhibit 10.2

 

August
9, 2021

 

Greenlane Holdings Inc.

1095 Broken Sound Parkway, Suite 300

Boca
Raton, FL 33487

Attn:
Chief Financial Officer

  

Dear Mr.
LoCascio:

 

This
letter (the “Agreement”) constitutes the agreement between A.G.P./Alliance Global Partners, as placement agent (the
 “Placement Agent”), and Greenlane Holdings Inc., a company incorporated under the laws of the State of Delaware (the
 “Company”), that the Placement Agent shall serve as the placement agent for the Company, on a “reasonable best
efforts” basis, in connection with the proposed placement (the “Placement”) of units, with each unit consisting
of a combination of (i) one share (a “Share” and, collectively, the “Shares”) of the Company’s
Class A common stock, par value $0.01 per share (the “Common Stock”), (ii) a warrant to purchase 0.5 shares of Common
Stock of the Company (the “Common Warrants”), and/or (iii) pre-funded warrants to purchase one share of Common Stock
(the “Pre-Funded Warrants”, and together with the Common Warrants, the “Warrants,” and collectively
with the Shares, the “Securities”), depending on the beneficial ownership percentage of the purchaser of the Common
Stock following its purchase. The Securities shall be offered and sold under the Company’s registration statement on Form S-3 (File
No. 333-257654) (the “Registration Statement”). The Securities actually placed by the Placement Agent are referred
to herein as the “Placement Agent Securities.” The terms of the Placement shall be mutually agreed upon by the Company
and the purchasers (each, a “Purchaser” and collectively, the “Purchasers”); provided, however,
that nothing herein shall obligate the Company to issue any Securities or complete the Placement. The Company expressly acknowledges and
agrees that the Placement Agent’s obligations hereunder are on a reasonable best efforts basis only and that the execution of this
Agreement does not constitute a commitment by the Placement Agent to purchase the Securities and does not ensure the successful placement
of the Securities or any portion thereof or the success of the Placement Agent with respect to securing any other financing on behalf
of the Company. The Placement Agent may retain other brokers or dealers to act as sub-agents or selected-dealers on its behalf in connection
with the Placement. Certain affiliates of the Placement Agent may participate in the Placement by purchasing some of the Placement Agent
Securities. The sale of Placement Agent Securities to any Purchaser will be evidenced by a securities purchase agreement (the “Purchase
Agreement”) between the Company and such Purchaser, in a form reasonably acceptable to the Company and the Purchaser. Capitalized
terms that are not otherwise defined herein have the meanings given to such terms in the Purchase Agreement. Prior to the signing of any
Purchase Agreement, officers of the Company will be available to answer inquiries from prospective Purchasers.

 

SECTION
1.          REPRESENTATIONS AND WARRANTIES OF THE COMPANY; COVENANTS OF THE COMPANY.

 

A.           Representations
of the Company. With respect to the Placement Agent Securities, each of the representations and warranties and covenants made
by the Company to the Purchasers in the Purchase Agreement in connection with the Placement, is hereby incorporated herein by reference
into this Agreement (as though fully restated herein) and is, as of the date of this Agreement and as of the Closing Date, hereby made
to, and in favor of, the Placement Agent. In addition to the foregoing, the Company represents and warrants that there are no affiliations
with any FINRA member firm among the Company's officers, directors or, to the knowledge of the Company, any five percent (5.0%) or greater
stockholder of the Company, except as set forth in the Purchase Agreement and SEC Reports.

 

B.            Covenants
of the Company. The Company covenants and agrees to continue to retain (i) a firm of independent PCAOB registered public accountants
for a period of at least three (3) years after the Closing Date and (ii) a competent transfer agent with respect to the Placement Agent
Securities for a period of three (3) years after the Closing Date. Furthermore, the Company covenants and agrees that for sixty (60) days
after the closing date of the Placement, the Company shall be restricted from issuing certain securities pursuant to the terms of Section
2.6 contained in Annex II to the Purchase Agreement.

 

    1

     

    

 

SECTION
2.          REPRESENTATIONS OF THE PLACEMENT AGENT. The Placement Agent represents and warrants
that it (i) is a member in good standing of FINRA, (ii) is registered as a broker/dealer under the Exchange Act, (iii) is licensed as
a broker/dealer under the laws of the United States of America, applicable to the offers and sales of the Placement Agent Securities by
the Placement Agent, (iv) is and will be a corporate body validly existing under the laws of its place of incorporation, (v) has full
power and authority to enter into and perform its obligations under this Agreement. The Placement Agent will immediately notify the Company
in writing of any change in its status with respect to subsections (i) through (v) above. The Placement Agent covenants that it will use
its reasonable best efforts to conduct the Placement hereunder in compliance with the provisions of this Agreement and the requirements
of applicable law.  

 

SECTION
3.          COMPENSATION. In consideration of the services to be provided for hereunder,
the Company shall pay to the Placement Agent or its respective designees a total cash fee equal to six percent (6%) of the gross proceeds
from the total amount of Placement Agent Securities sold in the Placement (the “Cash Fee”). The Cash Fee shall be paid
on the Closing Date. The Company shall not be required to pay the Placement Agent any fees or expenses except for the Cash Fee and reimbursement
of up to $35,000 of reasonable legal expenses. The Placement Agent reserves the right to reduce any item of compensation or adjust the
terms thereof as specified herein in the event that a determination shall be made by FINRA to the effect that the Placement Agent’s
aggregate compensation is in excess of FINRA Rules or that the terms thereof require adjustment.

 

SECTION
4.           INDEMNIFICATION.

 

A.            To
the extent permitted by law, with respect to the Placement Agent Securities, the Company will indemnify the Placement Agent and its affiliates,
stockholders, directors, officers, employees, members and controlling persons (within the meaning of Section 15 of the Securities Act
or Section 20 of the Exchange Act) against all losses, claims, damages, expenses and liabilities, as the same are incurred (including
the reasonable fees and expenses of counsel), relating to or arising out of its activities hereunder or pursuant to this Agreement, except
to the extent that any losses, claims, damages, expenses or liabilities (or actions in respect thereof) are found in a final judgment
(not subject to appeal) by a court of law to have resulted primarily and directly from a Placement Agent’s willful misconduct or
gross negligence in performing the services described herein.

 

B.             Promptly
after receipt by the Placement Agent of notice of any claim or the commencement of any action or proceeding with respect to which the
Placement Agent is entitled to indemnity hereunder, the Placement Agent will notify the Company in writing of such claim or of the commencement
of such action or proceeding, but failure to so notify the Company shall not relieve the Company from any obligation it may have hereunder,
except and only to the extent such failure results in the forfeiture by the Company of substantial rights and defenses. If the Company
so elects or is requested by the Placement Agent, the Company will assume the defense of such action or proceeding and will employ counsel
reasonably satisfactory to the Placement Agent and will pay the fees and expenses of such counsel. Notwithstanding the preceding sentence,
the Placement Agent will be entitled to employ its own counsel separate from counsel for the Company and from any other party in such
action if counsel for the Placement Agent reasonably determines that it would be inappropriate under the applicable rules of professional
responsibility for the same counsel to represent both the Company and the Placement Agent. In such event, the reasonable fees and disbursements
of no more than one such separate counsel will be paid by the Company, in addition to fees of local counsel. The Company will have the
right to settle the claim or proceeding, provided that the Company will not settle any such claim, action or proceeding without the prior
written consent of the Placement Agent, which will not be unreasonably withheld.

 

C.             The
Company agrees to notify the Placement Agent promptly of the assertion against it or any other person of any claim or the commencement
of any action or proceeding relating to a transaction contemplated by this Agreement.

 

D.             If
for any reason the foregoing indemnity is unavailable to the Placement Agent or insufficient to hold the Placement Agent harmless,
then the Company shall contribute to the amount paid or payable by the Placement Agent as a result of such losses, claims, damages
or liabilities in such proportion as is appropriate to reflect not only the relative benefits received by the Company on the one
hand and the Placement Agent on the other, but also the relative fault of the Company on the one hand and the Placement Agent on the
other that resulted in such losses, claims, damages or liabilities, as well as any relevant equitable considerations. The amounts
paid or payable by a party in respect of losses, claims, damages and liabilities referred to above shall be deemed to include any
legal or other fees and expenses incurred in defending any litigation, proceeding or other action or claim. Notwithstanding the
provisions hereof, the liable Placement Agent’s share of the liability hereunder shall not be in excess of the amount of fees
actually received, or to be received, by the Placement Agent under this Agreement (excluding any amounts received as reimbursement
of expenses incurred by the Placement Agent).

 

    2

     

    

 

E.              These
indemnification provisions shall remain in full force and effect whether or not the transaction contemplated by this Agreement is completed
and shall survive the termination of this Agreement, and shall be in addition to any liability that the Company might otherwise have to
any indemnified party under this Agreement or otherwise.

 

SECTION
5.          ENGAGEMENT TERM. The Placement Agent’s engagement hereunder will be
until the earlier of (i) August 30, 2021 and (ii) the Closing Date. The date of termination of this Agreement is referred to herein as
the “Termination Date.” In the event, however, in the course of the Placement Agent’s performance of due diligence
it deems, it necessary to terminate the engagement, the Placement Agent may do so prior to the Termination Date. The Company may elect
to terminate the engagement hereunder for any reason prior to the Termination Date but will remain responsible for fees pursuant to Section
3 hereof with respect to the Placement Agent Securities if sold in the Placement. Notwithstanding anything to the contrary contained herein,
the provisions concerning the Company’s obligation to pay any fees actually earned pursuant to Section 3 hereof and the provisions
concerning confidentiality, indemnification and contribution contained herein will survive any expiration or termination of this Agreement.
If this Agreement is terminated prior to the completion of the Placement, all fees due to the Placement Agent shall be paid by the Company
to the Placement Agent on or before the Termination Date (in the event such fees are earned or owed as of the Termination Date). The Placement
Agent agrees not to use any confidential information concerning the Company provided to the Placement Agent by the Company for any purposes
other than those contemplated under this Agreement.

 

SECTION
6.          PLACEMENT AGENT INFORMATION. The Company agrees that any information or
advice rendered by the Placement Agent in connection with this engagement is for the confidential use of the Company only in their evaluation
of the Placement and, except as otherwise required by law, the Company will not disclose or otherwise refer to the advice or information
in any manner without each of the Placement Agent’s prior written consent.

  

SECTION
7.           NO FIDUCIARY RELATIONSHIP. This Agreement does not create, and shall
not be construed as creating rights enforceable by any person or entity not a party hereto, except those entitled hereto by virtue of
the indemnification provisions hereof. The Company acknowledges and agrees that the Placement Agent are not and shall not be construed
as a fiduciary of the Company and shall have no duties or liabilities to the equity holders or the creditors of the Company or any other
person by virtue of this Agreement or the retention of the Placement Agent hereunder, all of which are hereby expressly waived.

 

SECTION
8.          CLOSING. The obligations of the Placement Agent, and the closing
of the sale of the Placement Agent Securities hereunder are subject to the accuracy, when made and on the Closing Date, of the representations
and warranties on the part of the Company contained herein and in the Purchase Agreement, to the performance by the Company of its obligations
hereunder, and to each of the following additional terms and conditions, except as otherwise disclosed to and acknowledged and waived
by the Placement Agent:

 

A.           All
corporate proceedings and other legal matters incident to the authorization, form, execution, delivery and validity of each of this Agreement,
the Placement Agent Securities, and all other legal matters relating to this Agreement and the transactions contemplated hereby with respect
to the Placement Agent Securities shall be reasonably satisfactory in all material respects to the Placement Agent.

 

B.           The
Placement Agent shall have received from outside counsel to the Company such counsel’s written opinion with respect to the Placement
Agent Securities, addressed to the Placement Agent and the Purchasers and dated as of the Closing Date, in form and substance reasonably
satisfactory to the Placement Agent.

 

    3

     

    

 

C.             The
Common Stock shall be registered under the Exchange Act and, as of the Closing Date, the Placement Agent Securities shall be listed
and admitted and authorized for trading on the Trading Market or other applicable U.S. national exchange and satisfactory evidence
of such action shall have been provided to the Placement Agent. The Company shall have taken no action designed to, or likely to
have the effect of terminating the registration of the Common Stock under the Exchange Act or removing or suspending from trading
the Common Stock from the Trading Market or other applicable U.S. national exchange, nor has the Company received any information
suggesting that the Commission or the Trading Market or other U.S. applicable national exchange is contemplating terminating such
registration or listing.

 

D.            No
action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any governmental
agency or body which would, as of the Closing Date, prevent the issuance or sale of the Placement Agent Securities or materially and adversely
affect or potentially and adversely affect the business or operations of the Company; and no injunction, restraining order or order of
any other nature by any federal or state court of competent jurisdiction shall have been issued as of the Closing Date which would prevent
the issuance or sale of the Placement Agent Securities or materially and adversely affect or potentially and adversely affect the business
or operations of the Company.

 

E.             The
Company shall have entered into a Purchase Agreement with each of the Purchasers of the Placement Agent Securities and such agreements
shall be in full force and effect and shall contain representations, warranties and covenants of the Company as agreed upon between the
Company and the Purchasers.

 

F.             FINRA
shall have raised no objection to the fairness and reasonableness of the terms and arrangements of this Agreement. In addition, the Company
shall, if requested by the Placement Agent, make or authorize Placement Agent’s counsel to make on the Company’s behalf, any
filing with the FINRA Corporate Financing Department pursuant to FINRA Rule 2710, if applicable, with respect to the Placement and pay
all filing fees required in connection therewith.

 

G.            The
Company is an “experienced issuer” as such term is defined in FINRA Rule 5110 and FINRA shall have raised no objection to
the fairness and reasonableness of the terms and arrangements of this Agreement.

If any of the conditions specified
in this Section 8 shall not have been fulfilled when and as required by this Agreement, all obligations of the Placement Agent hereunder
may be cancelled by the Placement Agent at, or at any time prior to, the Closing Date. Notice of such cancellation shall be given to the
Company in writing or orally. Any such oral notice shall be confirmed promptly thereafter in writing.

 

SECTION
9.          GOVERNING LAW. This Agreement will be governed by, and construed in accordance
with, the laws of the State of New York applicable to agreements made and to be performed entirely in such State. This Agreement may not
be assigned by either party without the prior written consent of the other party. This Agreement shall be binding upon and inure to the
benefit of the parties hereto, and their respective successors and permitted assigns. Any right to trial by jury with respect to any dispute
arising under this Agreement or any transaction or conduct in connection herewith is waived. Any dispute arising under this Agreement
may be brought into the courts of the State of New York or into the Federal Court located in New York, New York and, by execution and
delivery of this Agreement, the Company hereby accepts for itself and in respect of its property, generally and unconditionally, the jurisdiction
of aforesaid courts. Each party hereto hereby irrevocably waives personal service of process and consents to process being served in any
such suit, action or proceeding by delivering a copy thereof via overnight delivery (with evidence of delivery) to such party at the address
in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process
and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by
law. If either party shall commence an action or proceeding to enforce any provisions of this Agreement, then the prevailing party in
such action or proceeding shall be reimbursed by the other party for its attorney's fees and other costs and expenses incurred with the
investigation, preparation and prosecution of such action or proceeding.

 

    4

     

    

 

SECTION
10.        ENTIRE AGREEMENT/MISCELLANEOUS. This Agreement embodies
the entire agreement and understanding between the parties hereto, and supersedes all prior agreements and understandings, relating
to the subject matter hereof. If any provision of this Agreement is determined to be invalid or unenforceable in any respect, such
determination will not affect such provision in any other respect or any other provision of this Agreement, which will remain in
full force and effect. This Agreement may not be amended or otherwise modified or waived except by an instrument in writing signed
by the Placement Agent and the Company. The representations, warranties, agreements and covenants contained herein shall survive the
Closing Date of the Placement and delivery of the Placement Agent Securities. This Agreement may be executed in two 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 a .pdf format 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.

 

SECTION
11.        NOTICES. Any and all notices or other communications or deliveries required
or permitted to be provided hereunder shall be in writing and shall be deemed given and effective on the earliest of (a) the date
of transmission, if such notice or communication is sent to the email address specified on the signature pages attached hereto prior to
6:30 p.m. (New York City time) on a business day, (b) the next business day after the date of transmission, if such notice or communication
is sent to the email address on the signature pages attached hereto on a day that is not a business day or later than 6:30 p.m. (New York
City time) on any business day, (c) the third business day following the date of mailing, if sent by U.S. internationally recognized air
courier service, or (d) upon actual receipt by the party to whom such notice is required to be given. The address for such notices and
communications shall be as set forth on the signature pages hereto.

 

SECTION
12.        PRESS ANNOUNCEMENTS. The Company agrees that the Placement Agent shall, on and after
the Closing Date, have the right to reference the Placement and the Placement Agent’s role in connection therewith in the Placement
Agent’s marketing materials and on its website and to place advertisements in financial and other newspapers and journals, in each
case at its own expense.

 

[The remainder of this page
has been intentionally left blank.]

 

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Please confirm that the foregoing correctly sets
forth our agreement by signing and returning to the Placement Agents the enclosed copy of this Agreement.

 

	 	Very truly yours,
	 	 
	 	A.G.P./ALLIANCE GLOBAL PARTNERS.
	 	 
	 	By: 	/s/ Thomas Higgins
	 	 	Name:	 Thomas Higgins
	 	 	Title:	Managing Director
	 	 
	 	Address for notice:
	 	
    590 Madison
    Avenue 28th Floor

    New York, New York 10022

    Attn: Thomas Higgins

    Email: thiggins@allianceg.com 

	 	New York, New York 10022
	 	 
	 	Attn: Thomas Higgins
	 	 
	 	Email: thiggins@allianceg.com

 

[Signature Page to Placement
Agency Agreement.]

 

    6

     

    

 

Accepted and Agreed to as of

the date first written above:

 

	GREENLANE HOLDINGS INC.
	 
	By: 	/s/ Aaron LoCascio	 
	 	Name: Aaron LoCascio	 
	 	Title: Chief Executive Officer	 

 

	 	Address for notice:	 
	 	
    Greenlane Holdings, Inc.

    1095 Broken Sound Parkway, Suite 300

    Boca Raton, FL
	 
	 	Attn: Chief Executive Officer	 

 

[Signature Page to Placement Agency Agreement.]

 

    7EX-4.3

 Exhibit 4.3 

WARRANT AMENDMENT AGREEMENT 

This Warrant Assignment, Assumption and Amendment Agreement (this “Agreement”) is made as of August 10, 2021, between Li-Cycle Holdings Corp., an Ontario corporation (“Parentco”), and Continental Stock Transfer & Trust Company, a New York corporation (the “Warrant Agent”). 

WHEREAS, Peridot Acquisition Corp., formerly a Cayman Islands exempted company continued under the laws of the Province of Ontario (the
“Company”), and the Warrant Agent were parties to that certain Warrant Agreement, dated as of September 23, 2020, and filed with the United States Securities and Exchange Commission on September 28, 2020 (the
“Original Warrant Agreement”; except as otherwise noted, capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Original Warrant Agreement); 

WHEREAS, pursuant to the Original Warrant Agreement, the Company issued 8,000,000 Private Placement Warrants to the Sponsor, which will
remain issued to the Sponsor as of the closing of the Business Combination (as defined below); 
 WHEREAS, pursuant to the Original
Warrant Agreement, the Company issued 15,000,000 Public Warrants; 
 WHEREAS, prior to the Amalgamation (as defined below) all of the
Warrants were governed by the Original Warrant Agreement; 
 WHEREAS, on February 15, 2021, a Business Combination Agreement
(the “Business Combination Agreement”) was entered into by and among the Company, Parentco, and Li-Cycle Corp., an Ontario corporation
(“Li-Cycle”); 
 WHEREAS, pursuant to the provisions of the
Business Combination Agreement, among other things, (a) the Company was continued as a corporation existing under the laws of the Province of Ontario (the “Continuance” and the Company as so continued, “Peridot
Ontario”), and in connection therewith, (x) the Class A ordinary shares, par value $0.0001 per share, of the Company (the “Company’s Class A Ordinary Shares”), the Class B ordinary
shares, par value $0.0001 per share, of the Company, and the warrants to purchase the Company’s Class A Ordinary Shares, in each case, issued and outstanding immediately prior to the Continuance became an equal number of Class A
common shares, Class B common shares and warrants to purchase Class A common shares of Peridot Ontario; (b) following the Continuance, the Class B common shares were converted into Class A common shares of Peridot Ontario on
a one-for-one basis; (c) pursuant to a plan of arrangement (the “Arrangement”) under Section 182 of the Business Corporations Act (Ontario)
Peridot Ontario and Li-Cycle Holdings Corp. (“Newco”) , amalgamated (the “Amalgamation”) to form Parentco, and in connection therewith, the Class A common shares of Peridot
Ontario and warrants to purchase Class A common shares of Peridot Ontario were exchanged for an equivalent number of common shares of Parentco (the “ParentcoShares”) and warrants to purchase an equivalent number of
ParentcoShares; and (d) the Class A preferred shares of Li-Cycle will be converted into and exchanged for common shares of Li-Cycle and, on
the terms and subject to the conditions set forth in the Arrangement, Amalco will acquire all of the issued and outstanding common shares
of Li-Cycle from Li-Cycle’s shareholders in exchange for Amalco Shares having an aggregate equity value of $975 million assuming a $10 per
share equity value (the “Share Exchange”). The Continuance, the Amalgamation, the Share Exchange and the other transactions consummated pursuant to the Business Combination Agreement are hereinafter referred to as the
“Business Combination”; 
 WHEREAS, under the terms of the Arrangement, all rights, contracts, permits and interests
of the Company and Newco will continue as rights, contracts, permits and interests of Parentco and, for greater certainty, the Amalgamation will not constitute a transfer or assignment of the rights or obligations of Peridot and Newco under any such
rights, contracts, permits and interests; 
 WHEREAS, Section 9.8 of the Original Warrant Agreement provides that the
Company and the Warrant Agent may amend the Original Warrant Agreement without the consent of any registered holders for the purpose of (a) curing any ambiguity or to correct any mistake, including to conform the provisions to the description
of the terms of the Warrants and the Original Warrant Agreement set forth in the prospectus relating to the Company’s 

 
initial public offering, or defective provision contained therein, (ii) amending the definition of “Ordinary Cash Dividend” as contemplated by and in accordance with the second
sentence of subsection 4.1.2 of the Original Warrant Agreement or (iii) adding or changing any provisions with respect to matters or questions arising under the Original Warrant Agreement as the parties may deem necessary
or desirable and that the parties deem shall not adversely affect the rights of the Registered Holders under the Original Warrant Agreement; and 

WHEREAS, upon the closing of the Business Combination, and as provided in Section 4.5 of the Original Warrant Agreement, each of the
issued and outstanding Warrants prior to the Business Combination will no longer be exercisable for the Company’s Class A Shares but instead will be exercisable (subject to the terms and conditions of the Original Warrant Agreement as
amended hereby) for Parentco Shares; 
 NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements
contained herein, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound, the parties hereto hereby agree as follows: 

1.    Performance of Warrant Agreement; Consent. 

1.1    Performance of Warrant Agreement. Parentco hereby agrees to pay, perform, satisfy and discharge in full, as
the same become due, all of the Company’s liabilities and obligations under the Original Warrant Agreement (as amended hereby) arising from and after the Closing. 

1.2    Consent. The Warrant Agent hereby consents to the assumption of the Original Warrant Agreement by Parentco
from the Company pursuant to Section 1.1 hereof and the Amalgamation effective as of the Closing, and to the continuation of the Original Warrant Agreement in full force and effect from and after the Closing, subject at all times to the
Original Warrant Agreement (as amended hereby) and to all of the provisions, covenants, agreements, terms and conditions of the Original Warrant Agreement and this Agreement. 

2.    Amendment of Original Warrant Agreement. Parentco and the Warrant Agent hereby amend the Original Warrant
Agreement as provided in this Section 2, effective as of the Closing, and acknowledge and agree that the amendments to the Original Warrant Agreement set forth in this Section 2 are necessary or desirable and that such amendments do not
adversely affect the interests of the registered holders. 
 2.1    Preamble. The preamble on page one of the
Original Warrant Agreement is hereby amended by deleting “Peridot Acquisition Corp., a Cayman Islands exempted company” and replacing it with “Li-Cycle Holdings Corp., a corporation amalgamated
under the laws of the Province of Ontario”. As a result thereof, all references to the “Company” in the Original Warrant Agreement shall be references to Li-Cycle Holdings Corp. rather than
Peridot Acquisition Corp. 
 2.2    Recitals. The recitals on pages one and two of the Original Warrant Agreement
are hereby deleted and replaced in their entirety as follows: 
 “WHEREAS, on September 23, 2020, Peridot Acquisition Corp.
(“Peridot”) entered into that certain Private Placement Warrants Purchase Agreement, with Peridot Acquisition Sponsor, LLC (the “Sponsor”), pursuant to which the Sponsor agreed to purchase an aggregate of 8,000,000
warrants simultaneously with the closing of the Offering (as defined below) (the “Private Placement Warrants”) at a purchase price of $1.00 per Private Placement Warrant; and 

WHEREAS, on September 28, 2020, Peridot consummated its initial public offering (the “Offering”) of 30,000,000 units
(the “Units”), with each Unit consisting of one Class A ordinary share of Peridot, par value $0.0001 per share (“Peridot’s Class A Ordinary Shares”), and
one-half of one warrant, where each warrant entitled the holder to purchase one Peridot Class A Ordinary Share at a price of $11.50 per share (the “Public Warrants” and together with the
Private Placement Warrants, the “Warrants”); and 
 WHEREAS, Peridot filed with the Securities and Exchange Commission (the
“Commission”) a registration statement on Form S-1, Nos. 333-248608 (the “Registration Statement”) and prospectus (the
“Prospectus”), for the registration, under the Securities Act of 1933, as amended (the “Securities Act”), of the Units, the Public Warrants and the Peridot Class A Ordinary Shares included in the Units; and

  
 2 

 WHEREAS, Peridot, the Company and Li-Cycle Corp., an
Ontario corporation (“Li-Cycle”), consummated the transactions pursuant to that certain Business Combination Agreement, dated as of February 15, 2021 (the “Business
Combination Agreement”), pursuant to which (a) Peridot continued as a corporation exisitng under the laws of the Province of Ontario (the “Continuance” and Peridot as so continued, “Peridot Ontario”),
and in connection therewith, (x) Peridot’s Class A Ordinary Shares, the Class B ordinary shares, par value $0.0001 per share, of Peridot (“Peridot’s Class B Ordinary Shares”), and the
warrants to purchase Peridot’s Class A Ordinary Shares, in each case, issued and outstanding immediately prior to the Continuance became an equal number of Class A common shares, Class B common shares and warrants to purchase
Class A common shares of Peridot Ontario; (b) following the Continuance, the Class B common shares of Peridot Ontario converted into Class A common shares of Peridot Ontario on a one-for-one basis; (c) pursuant to a plan of arrangement (the “Arrangement”) under Section 182 of the Business Corporations Act (Ontario), Peridot Ontario and Li-Cycle Holdings Corp. (a predecessor of the Company)(“Newco”) amalgamated (the “Amalgamation”), and in connection therewith, the Class A common shares of Peridot Ontario and
warrants to purchase Class A common shares of Peridot Ontario were exchanged for an equivalent number of common shares of the Company (“Common Shares”) and warrants to purchase an equivalent number of Common Shares; and
(d) the Class A preferred shares of Li-Cycle converted into common shares of Li-Cycle and, on the terms and subject to the conditions set
forth in a plan of arrangement, the Company acquired all of the issued and outstanding common shares of Li-Cycle from Li-Cycle’s shareholders in
exchange for Common Shares having an aggregate equity value of $975 million assuming a $10 per share equity value (the “Share Exchange”). The Continuance, the Amalgamation, the Share Exchange and the other transactions
consummated pursuant to the Agreement are hereinafter referred to as the “Business Combination”; and 
 WHEREAS, under the
terms of the Arrangement, all rights, contracts, permits and interests of the Company and Newco will continue as rights, contracts, permits and interests of Parentco and, for greater certainty, the Amalgamation will not constitute a transfer or
assignment of the rights or obligations of Peridot and Newco under any such rights, contracts, permits and interests;; and 
 WHEREAS, in
connection with the transactions contemplated by the Business Combination Agreement, Parentco and the Warrant Agent entered into a Warrant Amendment Agreement (the “Warrant Amendment Agreement”) pursuant to which, among other things,
Parentco agreed to pay, perform, satisfy and discharge in full, as the same become due, all of the Company’s liabilities and obligations under the Warrant Agreement (as amended by the Warrant Amendment Agreement) arising from and after the
Closing (as defined in the Business Combination Agreement); 
 WHEREAS, effective as of the Closing, each of the issued and outstanding
Warrants is no longer exercisable for Peridot Class A Ordinary Shares but instead is exercisable for Common Shares of Parentco ; and 

WHEREAS, the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with
the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and 
 WHEREAS, the Company desires to provide for
the form and provisions of the Warrants, the terms upon which they shall be issued and exercised, and the respective rights, limitation of rights, and immunities of the Company, the Warrant Agent, and the holders of the Warrants; and 

WHEREAS, all acts and things have been done and performed which are necessary to make the Warrants, when executed on behalf of the Company and
countersigned by or on behalf of the Warrant Agent, as provided herein, the valid, binding and legal obligations of the Company, and to authorize the execution and delivery of this Agreement. 

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

  
 3 

 2.3    Detachability of Warrants. Section 2.4 of the
Original Warrant Agreement is hereby deleted and replaced with the following: 
 “[INTENTIONALLY OMITTED]” 

Except that the defined term “Business Day” set forth therein is hereby amended for all purposes of the Original Warrant
Agreement to mean a day, other than a Saturday, Sunday or federal holiday, on which banks in Toronto, Ontario and New York, New York are generally open for normal business . 

2.4    Defined Terms. 
  

	 	(a)	 All references to “Ordinary Shares” in the Original Warrant Agreement are hereby deleted and replaced
with the term “Common Shares.” As a result thereof, all such references shall be references to the Common Shares of Li-Cycle Holdings Corp. rather than the Class A Ordinary Shares of Peridot
Acquisition Corp. 

  

	 	(b)	 All references to an “initial Business Combination” in the Original Warrant Agreement are hereby
deleted and replaced with the term “Business Combination.” As a result thereof, all such references shall be reference to the Business Combination of Li-Cycle Holdings Corp. as defined above rather
than the initial business combination of Peridot Acquisition Corp. 

  

	 	(c)	 All references to “Working Capital Warrants” in the Original Agreement are hereby deleted and each
sentence in the Original Agreement which contained such references shall be deemed to have been revised to account for such deletions. 

2.5    Notices. Section 9,2 of the Original Warrant Agreement is hereby deleted and replaced with the
following: 
 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 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: 

  
 4 

 Li-Cycle Holdings Corp. 

2351 Royal Windsor Dr. Unit 10 

Mississauga, ON L5J 4S7 

Attention:    General Counsel 

with a copy to (which will not constitute notice): 

McCarthy Tétrault LLP 
 66
Wellington St W Suite 5300 
 Toronto, ON M5K 1E6 

Attention:    Jonathan Grant and Fraser Bourne 

with a copy to: 
 Freshfields
Bruckhaus Deringer US LLP 
 601 Lexington Avenue, 31st Floor 

New York, NY 10022 
 Attention:
    Paul M. Tiger and Andrea Merediz Basham 
 2.6    Warrant Certificate. The Warrant
Certificate contained in Exhibit A of the Original Warrant Agreement is hereby deleted and replaced with the Warrant Certificate contained in Exhibit A hereto. 

2.7    Legend. The restricted legend contained in Exhibit B of the Original Warrant Agreement is hereby deleted and
replaced with the Warrant Certificate contained in Exhibit B hereto. 
 3.    Miscellaneous Provisions.

 3.1    Successors. All the covenants and provisions of this Agreement by or for the benefit of the parties
hereto shall bind and inure to the benefit of their respective successors and assigns. 
 3.2    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. The parties hereby agree that any action, proceeding or claim against a party arising out of or relating in any way to this Agreement 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. Each of the parties hereby waives any objection to such exclusive jurisdiction and that such courts represent
an inconvenient forum. 
 3.3    Examination of the Warrant Agreement. A copy of this Agreement shall be
available at all reasonable times at the office of the Warrant Agent for inspection by the registered holder of any Warrant. The Warrant Agent may require any such holder to submit such holder’s Warrant for inspection by the Warrant Agent. 

3.4    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. 

3.5    Effect of Headings. The section headings herein are for convenience only and are not part of this Agreement
and shall not affect the interpretation thereof. 
 3.6    Severability. This Agreement 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 a 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. 

  
 5 

 3.7    Entire Agreement. This Agreement and the Original Warrant
Agreement, as modified by this Agreement, constitutes the entire understanding of the parties and supersedes 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. 

[Remainder of page intentionally left blank] 

  
 6 

 IN WITNESS WHEREOF, each of the parties has caused this Agreement to be duly executed
as of the date first above written. 
  

			
	LI-CYCLE HOLDINGS CORP.
		
	By:	 	 /s/ Ajay Kochhar

	Name:	 	Ajay Kochhar
	Title:	 	Chief Executive Officer
	
	 CONTINENTAL STOCK TRANSFER &

TRUST COMPANY, as Warrant Agent

		
	By:	 	 /s/ Erika Young

	Name:	 	Erika Young
	Title:	 	Vice President

 [Signature Page to Assignment, Assumption and Amendment Agreement] 

 EXHIBIT A 

[FACE] 
 Number 

Warrants 
 THIS WARRANT
SHALL BE VOID IF NOT EXERCISED PRIOR TO 
 THE EXPIRATION OF THE EXERCISE PERIOD PROVIDED FOR 

IN THE WARRANT AGREEMENT DESCRIBED BELOW 

Li-Cycle Holdings Corp. 

Incorporated Under the Laws of Ontario 

CUSIP 50202P113 
 Warrant
Certificate 
 This Warrant Certificate certifies that
[                ], or registered assigns, is the registered holder of [                ]
warrant(s) (the “Warrants” and each, a “Warrant”) to purchase common shares (“Common Shares”), of Li-Cycle Holdings Corp., an Ontario
corporation (the “Company”). Each Warrant entitles the holder, upon exercise during the period set forth in the Warrant Agreement referred to below, to receive from the Company that number of fully paid and nonassessable
Common Shares as set forth below, at the exercise price (the “Exercise Price”) as determined pursuant to the Warrant Agreement, payable in lawful money (or through “cashless exercise” as provided for
in the Warrant Agreement) of the United States of America upon surrender of this Warrant Certificate and payment of the Exercise Price at the office or agency of the Warrant Agent referred to below, subject to the conditions set forth herein and in
the Warrant Agreement. Defined terms used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement. 

Each whole Warrant is initially exercisable for one fully paid and non-assessable Common Share.
Fractional shares shall not be issued upon exercise of any Warrant. If, upon the exercise of Warrants, a holder would be entitled to receive a fractional interest in a Common Share, the Company shall, upon exercise, round down to the nearest whole
number the number of Common Shares to be issued to the Warrant holder. The number of Common Shares issuable upon exercise of the Warrants is subject to adjustment upon the occurrence of certain events as set forth in the Warrant Agreement. 

The initial Exercise Price per one Common Share for any Warrant is equal to $11.50 per share. The Exercise Price is subject to adjustment upon
the occurrence of certain events as set forth in the Warrant Agreement. 
 Subject to the conditions set forth in the Warrant Agreement, the
Warrants may be exercised only during the Exercise Period and to the extent not exercised by the end of such Exercise Period, such Warrants shall become void. The Warrants may be redeemed, subject to certain conditions, as set forth in the Warrant
Agreement. 
 Reference is hereby made to the further provisions of this Warrant Certificate set forth on the reverse hereof and such
further provisions shall for all purposes have the same effect as though fully set forth at this place. 
 This Warrant Certificate shall
not be valid unless countersigned by the Warrant Agent, as such term is used in the Warrant Agreement. This Warrant Certificate shall be governed by and construed in accordance with the internal laws of the State of New York. 

 
			
	LI-CYCLE HOLDINGS CORP.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	CONTINENTAL STOCK TRANSFER & TRUST COMPANY,
	AS WARRANT AGENT

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Form of Warrant Certificate] 

[Reverse] 
 The Warrants
evidenced by this Warrant Certificate are part of a duly authorized issue of Warrants entitling the holder on exercise to receive [                ] Common Shares and
are issued or to be issued pursuant to a Warrant Agreement dated as of September 23, 2020 and as amended as of August 10, 2021 (the “Warrant Agreement”), duly executed and delivered by the Company to Continental
Stock Transfer & Trust Company, a New York limited purpose trust company, as warrant agent (the “Warrant Agent”), which Warrant Agreement is hereby incorporated by reference in and made a part of this instrument and
is hereby referred to for a description of the rights, limitation of rights, obligations, duties and immunities thereunder of the Warrant Agent, the Company and the holders (the words “holders” or
“holder” meaning the Registered Holders or Registered Holder, respectively) of the Warrants. A copy of the Warrant Agreement may be obtained by the holder hereof upon written request to the Company. Defined terms used in this
Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement. 
 Warrants may be exercised at
any time during the Exercise Period set forth in the Warrant Agreement. The holder of Warrants evidenced by this Warrant Certificate may exercise them by surrendering this Warrant Certificate, with the form of Election to Purchase set forth hereon
properly completed and executed, together with payment of the Exercise Price as specified in the Warrant Agreement (or through “cashless exercise” as provided for in the Warrant Agreement) at the principal corporate trust office of
the Warrant Agent. In the event that upon any exercise of Warrants evidenced hereby the number of Warrants exercised shall be less than the total number of Warrants evidenced hereby, there shall be issued to the holder hereof or his, her or its
assignee, a new Warrant Certificate evidencing the number of Warrants not exercised. 
 Notwithstanding anything else in this Warrant
Certificate or the Warrant Agreement, no Warrant may be exercised unless at the time of exercise (i) a registration statement covering the issuance of the Common Shares to be issued upon exercise is effective under the Securities Act and
(ii) a prospectus thereunder relating to the Common Shares is current, except through “cashless exercise” as provided for in the Warrant Agreement. 

The Warrant Agreement provides that upon the occurrence of certain events the number of Common Shares issuable upon exercise of the Warrants
set forth on the face hereof may, subject to certain conditions, be adjusted. If, upon exercise of a Warrant, the holder thereof would be entitled to receive a fractional interest in a Common Share, the Company shall, upon exercise, round down to
the nearest whole number of Common Shares to be issued to the holder of the Warrant. 
 Warrant Certificates, when surrendered at the
principal corporate trust office of the Warrant Agent by the Registered Holder thereof in person or by legal representative or attorney duly authorized in writing, may be exchanged, in the manner and subject to the limitations provided in the
Warrant Agreement, but without payment of any service charge, for another Warrant Certificate or Warrant Certificates of like tenor evidencing in the aggregate a like number of Warrants. 

Upon due presentation for registration of transfer of this Warrant Certificate at the office of the Warrant Agent a new Warrant Certificate or
Warrant Certificates of like tenor and evidencing in the aggregate a like number of Warrants shall be issued to the transferee(s) in exchange for this Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without charge
except for any tax or other governmental charge imposed in connection therewith. 
 The Company and the Warrant Agent may deem and treat the
Registered Holder(s) hereof as the absolute owner(s) of this Warrant Certificate (notwithstanding any notation of ownership or other writing hereon made by anyone), for the purpose of any exercise hereof, of any distribution to the holder(s) hereof,
and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary. Neither the Warrants nor this Warrant Certificate entitles any holder hereof to any rights of a shareholder of the Company.

 Election to Purchase 

(To Be Executed Upon Exercise of Warrant) 

The undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, to receive
[                ] Common Shares and herewith tenders payment for such Common to the order of Li-Cycle Holdings Corp. (the
“Company”) in the amount of $[                ] in accordance with the terms hereof. The undersigned requests that a certificate for such Common
Shares be registered in the name of [                ], whose address is
[                ] and that such Common Shares be delivered to [                ] whose
address is [                ]. If said [                ] number of Common Shares is less
than all of the Common Shares purchasable hereunder, the undersigned requests that a new Warrant Certificate representing the remaining balance of such Common Shares be registered in the name of
[                ], whose address is [                ] and that such Warrant Certificate
be delivered to [                ], whose address is [                ]. 

In the event that the Warrant has been called for redemption by the Company pursuant to Section 6.2 of the Warrant
Agreement and a holder thereof elects to exercise its Warrant pursuant to a Make-Whole Exercise, the number of Common Shares that this Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(c) or
Section 6.2 of the Warrant Agreement, as applicable. 
 In the event that the Warrant is a Private Placement
Warrant that is to be exercised on a “cashless” basis pursuant to subsection 3.3.1(c) of the Warrant Agreement, the number of Common Shares that this Warrant is exercisable for shall be determined in accordance
with subsection 3.3.1(c) of the Warrant Agreement. 
 In the event that the Warrant is to be exercised on a
“cashless” basis pursuant to Section 7.4 of the Warrant Agreement, the number of Ordinary Shares that this Warrant is exercisable for shall be determined in accordance with Section 7.4 of
the Warrant Agreement. 
 In the event that the Warrant may be exercised, to the extent allowed by the Warrant Agreement, through cashless
exercise (i) the number of Common Shares that this Warrant is exercisable for would be determined in accordance with the relevant section of the Warrant Agreement which allows for such cashless exercise and (ii) the holder hereof shall
complete the following: The undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, through the cashless exercise provisions of the Warrant Agreement, to receive Common. If said number of shares is less
than all of the Common purchasable hereunder (after giving effect to the cashless exercise), the undersigned requests that a new Warrant Certificate representing the remaining balance of such Common Shares be registered in the name of
[                ], whose address is [                ] and that such Warrant Certificate
be delivered to [                ], whose address is [                ]. 

[Signature Page Follows] 

 Date: [                ], 20

  

	
	(Signature)
	
	(Address)
	
	                
	(Tax Identification Number)

  

	
	Signature Guaranteed:
	
	  

 THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND
LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED). 

 EXHIBIT B 

LEGEND 
 THE SECURITIES REPRESENTED BY THIS
CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND
ANY APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE. IN ADDITION, SUBJECT TO ANY ADDITIONAL LIMITATIONS ON TRANSFER DESCRIBED IN THE LETTER AGREEMENT BY AND AMONG PERIDOT ACQUISITION CORP, PERIDOT ACQUISITION SPONSOR,
LLC AND THE OTHER PARTIES THERETO, THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD OR TRANSFERRED PRIOR TO THE DATE THAT IS THIRTY (30) DAYS AFTER THE DATE UPON WHICH LI-CYCLE HOLDINGS
CORP. (THE “COMPANY”) COMPLETES THE BUSINESS COMBINATION (AS DEFINED IN THE RECITALS OF THE WARRANT AGREEMENT, AS AMENDED, REFERRED TO HEREIN) EXCEPT TO A PERMITTED TRANSFEREE (AS DEFINED IN
SECTION 2 OF THE WARRANT AGREEMENT, AS AMENDED) WHO AGREES IN WRITING WITH THE COMPANY TO BE SUBJECT TO SUCH TRANSFER PROVISIONS. 

SECURITIES EVIDENCED BY THIS CERTIFICATE AND COMMON SHARES OF THE COMPANY ISSUED UPON EXERCISE OF SUCH SECURITIES ARE ENTITLED TO REGISTRATION RIGHTS UNDER AN
INVESTOR AND REGISTRATION RIGHTS AGREEMENT BY AND AMONG THE COMPANY AND THE PARTIES THERETO. 
 NO.
[                ] WARRANT

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