Document:

Exhibit 4.1

 

NUMBER U-

 

SEE REVERSE FOR CERTAIN DEFINITIONS

 

CUSIP 08772B 203

 

Better

World Acquisition Corp.

 

UNITS CONSISTING OF ONE SHARE OF COMMON

STOCK AND ONE REDEEMABLE WARRANT, EACH WARRANT ENTITLING THE HOLDER TO PURCHASE ONE SHARE OF COMMON STOCK

 

THIS CERTIFIES THAT                    is

the owner of                    Units.

 

Each Unit (“Unit”) consists

of one (1) share of common stock, par value $0.0001 per share (“Common Stock”), of Better World Acquisition

Corp., a Delaware corporation (the “Company”), and one (1) warrant (“Warrant”). Each Warrant entitles the holder to purchase one share of Common Stock for $11.50 per share (subject to adjustment). Each Warrant

will become exercisable on the later of (i) 30 days after the Company’s completion of an initial merger, capital stock exchange,

asset acquisition, or other similar business combination with one or more businesses or entities (a “Business Combination”)

and (ii) 12 months from the closing of the Company’s initial public offering (“IPO”), and will expire

unless exercised before 5:00 p.m., New York City Time, on the fifth anniversary of the completion of an initial Business Combination,

or earlier upon redemption or liquidation. The Common Stock and Warrant(s) comprising the Unit(s) represented by this certificate

are not transferable separately until ninety days following the IPO, unless EarlyBirdCapital, Inc. informs the Company of its decision

to allow earlier separate trading, except that in no event will the Common Stock and Warrants be separately tradeable until the

Company has filed an audited balance sheet reflecting the Company’s receipt of the gross proceeds of its initial public offering

and issued a press release announcing when such separate trading will begin. The terms of the Warrants are governed by a Warrant

Agreement, dated as of ___________, 2020, between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent,

and are subject to the terms and provisions contained therein, all of which terms and provisions the holder of this certificate

consents to by acceptance hereof. Copies of the Warrant Agreement are on file at the office of the Warrant Agent at 1 State Street,

30th Floor, New York, New York 10004, and are available to any Warrant holder on written request and without cost.

 

This certificate is not valid unless countersigned

by the Transfer Agent and Registrar of the Company. Witness the facsimile seal of the Company and the facsimile signatures of its

duly authorized officers.

 

	 	 

        

        
	 	 

        

	By:		 	Secretary
	President	 	 

 

     

     

    

 

Better World Acquisition Corp.

 

The Company will furnish without charge

to each unitholder who so requests, a statement of the powers, designations, preferences and relative, participating, optional

or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations, or restrictions

of such preferences and/or rights.

 

The following abbreviations, when used in

the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable

laws or regulations:

 

	

         

        TEN COM
	–	as tenants in common	 	UNIF GIFT MIN ACT	–	____________Custodian __________
	TEN ENT	–	as tenants by the entireties	 	 	 	(Cust)(Minor)
	 	 	 	 	 	 	 
	JT TEN	–	as joint tenants with right of survivorship and not as tenants in common	 	 	 	

        under Uniform Gifts to Minors Act

        

        (State)

 

 

Additional abbreviations may also be used

though not in the above list.

 

For value received,                     

hereby sell, assign and transfer unto                     

 

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF

ASSIGNEE

 

 

 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS,

INCLUDING ZIP CODE, OF ASSIGNEE)

 

 

 

 

 

 

___________________represented

by the within Certificate, and do hereby irrevocably constitute and appoint

 

__________________to transfer the said Units on the books

of the within named Company with full power of substitution in the premises.

 

Dated                    

	 	 
	 	Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate in

every particular, without alteration or enlargement or any change whatever.

 

Signature(s) Guaranteed:

 

		 
	THE SIGNATURE(S) MUST 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 (OR ANY SUCCESSOR RULE).	 

 

The holder(s) of this certificate shall

be entitled to receive a pro-rata portion of the funds from the trust account with respect to the common stock underlying this

certificate only in the event that (i) the Corporation is forced to liquidate because it does not consummate an initial business

combination within the period of time set forth in the Corporation’s Amended and Restated Certificate of Incorporation, as

the same may be amended from time to time (the “Charter”) or (ii) if the holder seeks to convert his shares

upon consummation of, or sell his shares in a tender offer in connection with, an initial business combination or in connection

with certain amendments to the Charter. In no other circumstances shall the holder(s) have any right or interest of any kind in

or to the trust account.Exhibit 4.4

 

WARRANT AGREEMENT

 

This

agreement is made as of _____, 2020 between Better World Acquisition Corp., a Delaware corporation, with offices at 733 Third

Avenue, New York, New York 10017 (“Company”), and Continental Stock Transfer & Trust Company, a New

York corporation, with offices at 1 State Street, New York, New York 10004 (“Warrant Agent”).

 

WHEREAS,

the Company is engaged in a public offering (“Public Offering”) of up to 10,000,000 units, each unit (“Unit”)

comprised of one share of common stock of the Company, par value $.0001 per share (“Common Stock”), and one

warrant, where each warrant entitles the holder to purchase one share of Common Stock at a price of $11.50 per share, subject

to adjustment as described herein, and, in connection therewith, will issue and deliver up to 11,500,000 warrants (the “Public

Warrants”) to the public investors in connection with the Public Offering;

 

WHEREAS,

the Company has filed with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-1,

No. 333-249374 (“Registration Statement”), for the registration, under the Securities Act of 1933,

as amended (“Act”) of, among other securities, the Public Warrants;

 

WHEREAS,

the Company has received binding commitments from BWA Holdings LLC (the “Sponsor”) and EarlyBirdCapital, Inc.

(“EarlyBirdCapital”) to purchase up to an aggregate of 4,950,000 Warrants (the “Private Warrants”)

upon consummation of the Public Offering (if the over-allotment option is exercised in full);

 

WHEREAS,

the Company may issue up to an additional 1,500,000 Warrants (“Working Capital Warrants”) at a price of $1.00

per Warrant in satisfaction of certain working capital loans made by the Sponsor, the Company’s officers, directors, and

initial stockholders and their affiliates;

 

WHEREAS, the Company may issue up to an additional 2,300,000 Warrants (“Extension Loan Warrants”) in connection with loans
made by the Sponsor or its designees to the Company to extend the period of time the Company has to consummate a Business Combination
(defined below) as described in the Registration Statement, which loans may be converted at a price of $1.00 per Warrant;

 

WHEREAS,
following consummation of the Public Offering, the Company may issue additional warrants (“Post-IPO
Warrants” and together with the Public Warrants, Private Warrants, Working Capital Warrants and the Extension Loan Warrants, the
“Warrants”) in connection with, or following the consummation by the Company of, a Business Combination
(defined below);

 

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;

 

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:

 

1. Appointment

of Warrant Agent. The Company hereby appoints the Warrant Agent to act as agent for the Company for the Warrants, and the Warrant

Agent hereby accepts such appointment and agrees to perform the same in accordance with the terms and conditions set forth in this

Agreement.

 

     

     

    

 

2. Warrants.

 

2.1. Form

of Warrant. Each Warrant shall be issued in registered form only, shall be in substantially the form of Exhibit A hereto, the

provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chairman of the Board

of Directors or Chief Executive Officer and Treasurer, Secretary or Assistant Secretary of the Company and shall bear a facsimile

of the Company’s seal. In the event the person whose facsimile signature has been placed upon any Warrant shall have ceased

to serve in the capacity in which such person signed the Warrant before such Warrant is issued, it may be issued with the same

effect as if he or she had not ceased to be such at the date of issuance.

 

2.2. Uncertificated

Warrants. Notwithstanding anything herein to the contrary, any Warrant, or portion thereof, may be issued as part of, and be

represented by, a Unit, and any Warrant may be issued in uncertificated or book-entry form through the Warrant Agent and/or the

facilities of The Depository Trust Company (the “Depositary”) or other book-entry depositary system, in each

case as determined by the Board of Directors of the Company or by an authorized committee thereof. Any Warrant so issued shall

have the same terms, force and effect as a certificated Warrant that has been duly countersigned by the Warrant Agent in accordance

with the terms of this Agreement.

 

2.3. Effect

of Countersignature. Except with respect to uncertificated Warrants as described above, unless and until countersigned by the

Warrant Agent pursuant to this Agreement, a Warrant shall be invalid and of no effect and may not be exercised by the holder thereof.

 

2.4. Registration.

 

2.4.1. Warrant

Register. The Warrant Agent shall maintain books (“Warrant Register”) for the registration of original issuance

and the registration of transfer of the Warrants. Upon the initial issuance of the Warrants, the Warrant Agent shall issue and

register the Warrants in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions

delivered to the Warrant Agent by the Company.

 

2.4.2. Registered

Holder. Prior to due presentment for registration of transfer of any Warrant, the Company and the Warrant Agent may deem and

treat the person in whose name such Warrant is then registered in the Warrant Register (“registered holder”)

as the absolute owner of such Warrant and of each Warrant represented thereby (notwithstanding any notation of ownership or other

writing on the Warrant certificate made by anyone other than the Company or the Warrant Agent), for the purpose of any exercise

thereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary.

 

2.5. Detachability

of Warrants. The securities comprising the Units will not be separately transferable until the 90th day following

the date of the prospectus or, if such 90th day is not on a day, other than Saturday, Sunday or federal holiday,

on which banks in New York City are generally open for normal business (a “Business Day”), then on the immediately

succeeding Business Day following such date, or earlier with the consent of EarlyBirdCapital (the “Representative”),

but in no event will the Representative allow separate trading of the securities comprising the Units until (i) the Company

has filed a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company

of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the underwriters’

over-allotment option in the Public Offering, if the over-allotment option is exercised prior to the filing of the Form 8-K, and

(ii) the Company has issued a press release and has filed a Current Report on Form 8-K announcing when such separate

trading shall begin (the “Detachment Date”).

 

2.6. Attributes
of Private Warrant, Working Capital Warrant Attributesand Extension Loan Warrants. The Private Warrants Working Capital Warrants
and Extension Loan Warrants will be issued in the same form as the Public Warrants but they (i) will not be redeemable by
the Company and (ii) may be exercised for cash or on a cashless basis at the holder’s option, in either case as long
as they are held by the initial purchasers or their permitted transferees (as prescribed in Section 5.6 hereof). Once such
Warrant is transferred to a holder other than an affiliate or permitted transferee, it shall be treated as a Public Warrant hereunder
for all purposes.

 

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2.7.  Post-IPO

Warrants. The Post-IPO Warrants, when and if issued, shall have the same terms and be in the same form as the Public Warrants

except as may be agreed upon by the Company.

 

2.8.

Reserved.

 

3. Terms

and Exercise of Warrants

 

3.1. Warrant

Price. Each Warrant shall, when countersigned by the Warrant Agent (except with respect to uncertificated Warrants),

entitle the registered holder thereof, subject to the provisions of such Warrant and of this Agreement, to purchase from the Company

the number of shares of Common Stock stated therein, at the price of $11.50 per share, subject to the adjustments provided in Section 4

hereof and in the last sentence of this Section 3.1. The term “Warrant Price” as used in this Agreement refers

to the price per share at which the shares of Common Stock may be purchased at the time a Warrant is exercised. The Company in

its sole discretion may lower the Warrant Price at any time prior to the Expiration Date (as defined below) for a period of not

less than twenty (20) Business Days; provided, that the Company shall provide at least twenty (20) days’ prior

written notice of such reduction to registered holders of the Warrants and, provided further that any such reduction shall be applied

consistently to all of the Warrants. 

 

3.2. Duration

of Warrants. A Warrant may be exercised only during the period commencing on the later of 30 days after the consummation by

the Company of a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business

combination with one or more businesses or entities (“Business Combination”) (as described more fully in the

Registration Statement) or 12 months from the closing of the Public Offering, and terminating at 5:00 p.m., New York City time

on the earlier to occur of (i) five years from the consummation of a Business Combination, (ii) the Redemption Date as

provided in Section 6.2 of this Agreement and (iii) the liquidation of the Company (“Expiration Date”).

The period of time from the date the Warrants will first become exercisable until the expiration of the Warrants shall hereafter

be referred to as the “Exercise Period.” Except with respect to the right to receive the Redemption Price (as set forth

in Section 6 hereunder), as applicable, each Warrant not exercised on or before the Expiration Date shall become void, and

all rights thereunder and all rights in respect thereof under this Agreement shall cease at the close of business on the Expiration

Date. The Company in its sole discretion may extend the duration of the Warrants by delaying the Expiration Date; provided, however,

that the Company will provide at least twenty (20) days’ prior written notice of any such extension to registered holders

and, provided further that any such extension shall be applied consistently to all of the Warrants.

 

3.3. Exercise

of Warrants.

 

3.3.1. Payment.

Subject to the provisions of the Warrant and this Agreement, a Warrant, when countersigned by the Warrant Agent, may be exercised

by the registered holder thereof by surrendering it, at the office of the Warrant Agent, or at the office of its successor as Warrant

Agent, in the Borough of Manhattan, City and State of New York, with the subscription form, as set forth in the Warrant, duly executed,

and by paying in full the Warrant Price for each share of Common Stock as to which the Warrant is exercised and any and all applicable

taxes due in connection with the exercise of the Warrant, as follows:

 

(a)

by good certified check or good bank draft payable to the order of the Warrant Agent or wire transfer; or

 

(b)

in the event of redemption pursuant to Section 6 hereof in which the Company’s management has elected to force all holders

of Warrants to exercise such Warrants on a “cashless basis,” by surrendering the Warrants for that number of shares

of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying

the Warrants, multiplied by the difference between the Warrant Price and the “Fair Market Value” (defined below) by

(y) the Fair Market Value. Solely for purposes of this Section 3.3.1(b), the “Fair Market Value” shall mean

the average last reported sale price of the Common Stock for the five (5) trading days ending on the third trading day prior

to the date on which the notice of redemption is sent to holders of the Warrants pursuant to Section 6 hereof; or

 

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(c)
with respect to any Private Warrants Working Capital Warrants or Extension Loan Warrants, so long as such Warrants are held by the initial purchasers or their permitted transferees, by surrendering such Warrants for that number of shares of Common Stock equal to the quotient obtained by dividing
(x) the product of the number of shares of Common Stock underlying the Warrants, multiplied by the difference between
the exercise price of the Warrants and the “Fair Market Value” by (y) the Fair Market Value; provided,
however, that no cashless exercise shall be permitted unless the Fair Market Value is equal to or higher than the exercise
price. Solely for purposes of this Section 3.3.1(c), the “Fair Market Value” shall mean the average reported
last sale price of the Common Stock for the five (5) trading days ending on the third trading day prior to the date of
exercise; or

 

(d)

in the event the registration statement required by Section 7.4 hereof is not effective and current within ninety (90) days

after the closing of a Business Combination, by surrendering such Warrants for that number of shares of Common Stock equal to the

quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Warrants, multiplied

by the difference between the exercise price of the Warrants and the “Fair Market Value” by (y) the Fair Market

Value; provided, however, that no cashless exercise shall be permitted unless the Fair Market Value is equal to or higher than

the exercise price. Solely for purposes of this Section 3.3.1(d), the “Fair Market Value” shall mean the average

reported last sale price of the Common Stock for the five (5) trading days ending on the trading day prior to the date of

exercise. 

 

3.3.2. Issuance

of Shares of Common Stock. As soon as practicable after the exercise of any Warrant and the clearance of the funds in payment

of the Warrant Price (if any), the Company shall issue to the registered holder of such Warrant a certificate or certificates,

or book entry position, for the number of shares of Common Stock to which he, she or it is entitled, registered in such name or

names as may be directed by him, her or it, and if such Warrant shall not have been exercised in full, a new countersigned Warrant,

or book entry position, for the number of shares as to which such Warrant shall not have been exercised. Notwithstanding the foregoing,

in no event will the Company be required to net cash settle the Warrant exercise. No Warrant shall be exercisable for cash and

the Company shall not be obligated to issue shares of Common Stock upon exercise of a Warrant unless the Common Stock issuable

upon such Warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence

of the registered holder of the Warrants. In the event that the condition in the immediately preceding sentence is not satisfied

with respect to a Warrant, the holder of such Warrant shall not be entitled to exercise such Warrant for cash and such Warrant

may have no value and expire worthless, in which case the purchaser of a Unit containing such Public Warrants shall have paid the

full purchase price for the Unit solely for the shares of Common Stock underlying such Unit. Warrants may not be exercised by,

or securities issued to, any registered holder in any state in which such exercise would be unlawful.

 

3.3.3. Valid

Issuance. All shares of Common Stock issued upon the proper exercise of a Warrant in conformity with this Agreement shall be

validly issued, fully paid and nonassessable.

 

3.3.4. Date

of Issuance. Each person in whose name any book entry position or certificate for shares of Common Stock is issued shall for

all purposes be deemed to have become the holder of record of such shares on the date on which the Warrant, or book entry position

representing such Warrant, was surrendered and payment of the Warrant Price was made, irrespective of the date of delivery of such

certificate, except that, if the date of such surrender and payment is a date when the share transfer books of the Company or book

entry system of the Warrant Agent are closed, such person shall be deemed to have become the holder of such shares at the close

of business on the next succeeding date on which the share transfer books or book entry system are open.

 

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3.3.5 Maximum

Percentage. A holder of a Warrant may notify the Company in writing in the event it elects to be subject to the provisions

contained in this subsection 3.3.5; however, no holder of a Warrant shall be subject to this subsection 3.3.5 unless he, she or

it makes such election. If the election is made by a holder, the Warrant Agent shall not effect the exercise of the holder’s

Warrant, and such holder shall not have the right to exercise such Warrant, to the extent that after giving effect to such exercise,

such person (together with such person’s affiliates), to the Warrant Agent’s actual knowledge, would beneficially own

in excess of 9.8% (the “Maximum Percentage”) of the shares of Common Stock outstanding immediately after giving

effect to such exercise. For purposes of the foregoing sentence, the aggregate number of shares of Common Stock beneficially owned

by such person and its affiliates shall include the number of shares of Common Stock issuable upon exercise of the Warrant with

respect to which the determination of such sentence is being made, but shall exclude shares of Common Stock that would be issuable

upon (x) exercise of the remaining, unexercised portion of the Warrant beneficially owned by such person and its affiliates

and (y) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company beneficially

owned by such person and its affiliates (including, without limitation, any convertible notes or convertible preferred stock or

warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein. Except as set forth in

the preceding sentence, for purposes of this paragraph, beneficial ownership shall be calculated in accordance with Section 13(d)

of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). For purposes of the Warrant, in determining

the number of outstanding shares of Common Stock, the holder may rely on the number of outstanding shares of Common Stock as reflected

in (1) the Company’s most recent annual report on Form 10-K, quarterly report on Form 10-Q, current

report on Form 8-K or other public filing with the SEC as the case may be, (2) a more recent public announcement

by the Company or (3) any other notice by the Company or the Warrant Agent setting forth the number of shares of Common Stock

outstanding. For any reason at any time, upon the written request of the holder of the Warrant, the Company shall, within two (2) Business

Days, confirm orally and in writing to such holder the number of shares of Common Stock then outstanding. In any case, the number

of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of equity securities

of the Company by the holder and its affiliates since the date as of which such number of outstanding shares of Common Stock was

reported. By written notice to the Company, the holder of a Warrant may from time to time increase or decrease the Maximum Percentage

applicable to such holder to any other percentage specified in such notice; provided, however, that any such increase shall not

be effective until the sixty-first (61st) day after such notice is delivered to the Company. 

 

4. Adjustments.

 

4.1. Stock

Dividends; Split Ups. If after the date hereof, and subject to the provisions of Section 4.6 below, the number of outstanding

shares of Common Stock is increased by a stock dividend payable in shares of Common Stock, or by a split up of shares of Common

Stock, or other similar event, then, on the effective date of such stock dividend, split up or similar event, the number of shares

of Common Stock issuable on exercise of each Warrant shall be increased in proportion to such increase in outstanding shares of

Common Stock.

 

4.2. Aggregation

of Shares. If after the date hereof, the number of outstanding shares of Common Stock is decreased by a consolidation, combination,

reverse stock split or reclassification of shares of Common Stock or other similar event, then, on the effective date of such consolidation,

combination, reverse stock split, reclassification or similar event, the number of shares of Common Stock issuable on exercise

of each Warrant shall be decreased in proportion to such decrease in outstanding shares of Common Stock.

 

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4.3 Extraordinary

Dividends. If the Company, at any time while the Warrants are outstanding and unexpired, shall pay a dividend or make a distribution

in cash, securities or other assets to the holders of the shares of Common Stock or other shares of the Company’s capital

stock into which the Warrants are convertible (an “Extraordinary Dividend”), then the Warrant Price shall be

decreased, effective immediately after the effective date of such Extraordinary Dividend, by the amount of cash and the fair market

value (as determined by the Company’s Board of Directors, in good faith) of any securities or other assets paid in respect

of such Extraordinary Dividend divided by all outstanding shares of the Company at such time (whether or not any shareholders waived

their right to receive such dividend); provided, however, that none of the following shall be deemed an Extraordinary Dividend

for purposes of this provision: (a) any adjustment described in subsection 4.1 above, (b) any cash dividends or cash

distributions which, when combined on a per share basis with all other cash dividends and cash distributions paid on the Common

Stock during the 365-day period ending on the date of declaration of such dividend or distribution does not exceed $0.50

per share (taking into account all of the outstanding shares of the Company at such time (whether or not any shareholders waived

their right to receive such dividend) and as adjusted to appropriately reflect any of the events referred to in other subsections

of this Section 4 and excluding cash dividends or cash distributions that resulted in an adjustment to the Warrant Price or

to the number of shares of Common Stock issuable on exercise of each Warrant) but only with respect to the amount of the aggregate

cash dividends or cash distributions equal to or less than $0.50, (c) any payment to satisfy the conversion rights of the holders

of the shares of Common Stock in connection with a proposed initial Business Combination or certain amendments to the Company’s

Amended and Restated Certificate of Incorporation (as described in the Registration Statement) or (d) any payment in connection

with the Company’s liquidation and the distribution of its assets upon its failure to consummate a Business Combination.

Solely for purposes of illustration, if the Company, at a time while the Warrants are outstanding and unexpired, pays a cash dividend

of $0.35 and previously paid an aggregate of $0.40 of cash dividends and cash distributions on the Common Stock during the 365-day period

ending on the date of declaration of such $0.35 dividend, then the Warrant Price will be decreased, effectively immediately after

the effective date of such $0.35 dividend, by $0.25 (the absolute value of the difference between $0.75 (the aggregate amount of

all cash dividends and cash distributions paid or made in such 365-day period, including such $0.35 dividend) and $0.50

(the greater of (x) $0.50 and (y) the aggregate amount of all cash dividends and cash distributions paid or made in such 365-day period

prior to such $0.35 dividend)). Furthermore, solely for the purposes of illustration, if following the closing of the Company’s

initial Business Combination, there were total shares outstanding of 100,000,000 and the Company paid a $1.00 dividend to 17,500,000

of such shares (with the remaining 82,500,000 shares waiving their right to receive such dividend), then no adjustment to the Warrant

Price would occur as a $17.5 million dividend payment divided by 100,000,000 shares equals $0.175 per share which is less than

$0.50 per share.

 

4.4 Adjustments

in Exercise Price. Whenever the number of shares of Common Stock purchasable upon the exercise of the Warrants is adjusted,

as provided in Sections 4.1 and 4.2 above, the Warrant Price shall be adjusted (to the nearest cent) by multiplying such Warrant

Price immediately prior to such adjustment by a fraction (x) the numerator of which shall be the number of shares of Common

Stock purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (y) the denominator of which

shall be the number of shares of Common Stock so purchasable immediately thereafter.

  

4.5. Replacement

of Securities upon Reorganization, etc. In case of any reclassification or reorganization of the outstanding shares of Common

Stock (other than a change covered by Section 4.1, 4.2 or 4.3 hereof or that solely affects the par value of the Common Stock),

or in the case of any merger or consolidation of the Company with or into another corporation (other than a consolidation or merger

in which the Company is the continuing corporation and that does not result in any reclassification or reorganization of the outstanding

Common Stock), or in the case of any sale or conveyance to another corporation or entity of the assets or other property of the

Company as an entirety or substantially as an entirety in connection with which the Company is dissolved, the Warrant holders shall

thereafter have the right to purchase and receive, upon the basis and upon the terms and conditions specified in the Warrants and

in lieu of the shares of Common Stock of the Company immediately theretofore purchasable and receivable upon the exercise of the

rights represented thereby, the kind and amount of shares of stock or other securities or property (including cash) receivable

upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or transfer,

that the Warrant holder would have received if such Warrant holder had exercised his, her or its Warrant(s) immediately prior to

such event. If any reclassification also results in a change in the Common Stock covered by Section 4.1, 4.2 or 4.3, then

such adjustment shall be made pursuant to Sections 4.1, 4.2, 4.3, 4.4 and this Section 4.5. The provisions of this Section 4.5

shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers. In

no event will the Warrant Price be reduced to less than the par value per share issuable upon exercise of the Warrant.

 

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4.6. Issuance

in connection with a Business Combination. If, in connection with a Business Combination, the Company (a) issues additional

shares of Common Stock or equity-linked securities at an issue price or effective issue price of less than $9.20 per share (with

such issue price or effective issue price as determined by the Company’s Board of Directors, in good faith, and in the case

of any such issuance to the Sponsor, the initial stockholders, or their affiliates, without taking into account any founders’

shares held by them prior to such issuance), (b) the aggregate gross proceeds from such issuances represent more than 60% of the

total equity proceeds, and interest thereon, available for the funding of the Business Combination on the date of the consummation

of such Business Combination (net of redemptions), and (c) the Fair Market Value (as defined below) is below $9.20 per share, the

exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the greater of (i) the Fair Market

Value or (ii) the price at which the Company issues the Common Stock or equity-linked securities. Solely for purposes of this Section

4.6, the “Fair Market Value” shall mean the volume weighted average reported trading price of the Common Stock

for the twenty (20) trading days starting on the trading day prior to the date of the consummation of the Business Combination.

 

4.7 Notices

of Changes in Warrant. Upon every adjustment of the Warrant Price or the number of shares issuable upon exercise of a Warrant,

the Company shall give written notice thereof to the Warrant Agent, which notice shall state the Warrant Price resulting from such

adjustment and the increase or decrease, if any, in the number of shares purchasable at such price upon the exercise of a Warrant,

setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. Upon the occurrence

of any event specified in Sections 4.1, 4.2, 4.3, 4.4, 4.5, or 4.6, then, in any such event, the Company shall give written notice

to each Warrant holder, at the last address set forth for such holder in the Warrant Register, of the record date or the effective

date of the event. Failure to give such notice, or any defect therein, shall not affect the legality or validity of such event.

 

4.8. No

Fractional Shares. Notwithstanding any provision contained in this Agreement to the contrary, the Company shall not issue fractional

shares of Common Stock upon an exercise of Warrants. If, by reason of any adjustment made pursuant to this Section 4, the

holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share, the Company

shall, upon such exercise, round down to the nearest whole number of the number of shares of Common Stock to be issued to such

holder.

 

4.9. Form

of Warrant. The form of Warrant need not be changed because of any adjustment pursuant to this Section 4, and Warrants

issued after such adjustment may state the same Warrant Price and the same number of shares as is stated in the Warrants initially

issued pursuant to this Agreement. However, the Company may at any time in its sole discretion make any change in the form of Warrant

that the Company may deem appropriate and that does not affect the substance thereof, and any Warrant thereafter issued or countersigned,

whether in exchange or substitution for an outstanding Warrant or otherwise, may be in the form as so changed.

  

4.10 Other

Events. In case any event shall occur affecting the Company as to which none of the provisions of preceding subsections of

this Section 4 are strictly applicable, but which would require an adjustment to the terms of the Warrants in order to (i) avoid

an adverse impact on the Warrants and (ii) effectuate the intent and purpose of this Section 4, then, in each such case,

the Company shall appoint a firm of independent public accountants, investment banking or other appraisal firm of recognized national

standing, which shall give its opinion as to whether or not any adjustment to the rights represented by the Warrants is necessary

to effectuate the intent and purpose of this Section 4 and, if they determine that an adjustment is necessary, the terms of

such adjustment. The Company shall adjust the terms of the Warrants in a manner that is consistent with any adjustment recommended

in such opinion.

 

5. Transfer

and Exchange of Warrants.

 

5.1. Registration

of Transfer. The Warrant Agent shall register the transfer, from time to time, of any outstanding Warrant upon the Warrant

Register, upon surrender of such Warrant for transfer, properly endorsed with signatures, in the case of certificated Warrants,

properly guaranteed and accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant representing

an equal aggregate number of Warrants shall be issued and the old Warrant shall be cancelled by the Warrant Agent. In the case

of certificated Warrants, the Warrants so cancelled shall be delivered by the Warrant Agent to the Company from time to time upon

request.

 

    7

     

    

 

5.2. Procedure

for Surrender of Warrants. Warrants may be surrendered to the Warrant Agent, either in certificated form or in book entry position,

together with a written request for exchange or transfer, and thereupon the Warrant Agent shall issue in exchange therefor one

or more new Warrants, or book entry positions, as requested by the registered holder of the Warrants so surrendered, representing

an equal aggregate number of Warrants; provided, however, that in the event that a Warrant surrendered for transfer bears a restrictive

legend, the Warrant Agent shall not cancel such Warrant and issue new Warrants in exchange therefor until the Warrant Agent has

received an opinion of counsel for the Company stating that such transfer may be made and indicating whether the new Warrants must

also bear a restrictive legend.

 

5.3. Reserved.

 

5.4. Service

Charges. No service charge shall be made for any exchange or registration of transfer of Warrants.

 

5.5. Warrant

Execution and Countersignature. The Warrant Agent is hereby authorized to countersign and to deliver, in accordance with the

terms of this Agreement, the Warrants required to be issued pursuant to the provisions of this Section 5, and the Company,

whenever required by the Warrant Agent, will supply the Warrant Agent with Warrants duly executed on behalf of the Company for

such purpose.

 

5.6. Private
Warrants Working Capital Warrants and Extension Loan Warrants. The Warrant Agent shall not register any transfer of
Private Warrants Working Capital Warrants or Extension Loan Warrants until after the consummation by the Company of an
initial Business Combination, except for transfers (i) among the initial stockholders or to the initial
stockholders’ or the Company’s officers, directors, consultants or their affiliates, (ii) to a
holder’s stockholders or members upon the holder’s liquidation, in each case if the holder is an entity,
(iii) by bona fide gift to a member of the holder’s immediate family or to a trust, the beneficiary of which is
the holder or a member of the holder’s immediate family, in each case for estate planning purposes, (iv) by virtue
of the laws of descent and distribution upon death, (v) pursuant to a qualified domestic relations order, (vi) to
the Company for no value for cancellation in connection with the consummation of a Business Combination, (vii) in
connection with the consummation of a Business Combination by private sales at prices no greater than the price at which the Warrants were originally purchased, (viii) in the event of the Company’s liquidation prior to its
consummation of an initial Business Combination or (ix) in the event that, subsequent to the consummation of an initial
Business Combination, the Company completes a liquidation, merger, share exchange or other similar transaction which results
in all of the Company’s stockholders having the right to exchange their Common Stock for cash, securities or other
property, in each case (except for clauses (vi), (viii) or (ix) or with the Company’s prior written consent) on
the condition that prior to such registration for transfer, the Warrant Agent shall be presented with written documentation
pursuant to which each transferee or the trustee or legal guardian for such transferee agrees to be bound by the transfer
restrictions contained in this section and any other applicable agreement the transferor is bound by.

  

5.7. Transfers

prior to Detachment. Prior to the Detachment Date, the Public Warrants may be transferred or exchanged only together with the

Unit in which such Warrant is included, and only for the purpose of effecting, or in conjunction with, a transfer or exchange of

such Unit. Furthermore, each transfer of a Unit on the register relating to such Units shall operate also to transfer the Warrants

included in such Unit. Notwithstanding the foregoing, the provisions of this Section 5.7 shall have no effect on any transfer

of Warrants on or after the Detachment Date.

 

6. Redemption.

 

6.1. Redemption.

Subject to Section 6.4 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company,

at any time during the Exercise Period, at the office of the Warrant Agent, upon the notice referred to in Section 6.2, at

the price of $0.01 per Warrant (“Redemption Price”), provided that the last sales price of the Common Stock

equals or exceeds $18.00 per share (subject to adjustment in accordance with Section 4 hereof), on each of twenty (20) trading

days within any thirty (30) trading day period commencing after the Warrants become exercisable and ending on the third trading

day prior to the date on which notice of redemption is given and provided that there is an effective registration statement covering

the shares of Common Stock issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout

the 30-day redemption or the Company has elected to require the exercise of the Warrants on a “cashless basis”

pursuant to subsection 3.3.1(b); provided, however, that if and when the Public Warrants become redeemable by the Company, the

Company may not exercise such redemption right if the issuance of shares of Common Stock upon exercise of the Public Warrants is

not exempt from registration or qualification under applicable state blue sky laws or the Company is unable to effect such registration

or qualification.

 

    8

     

    

 

6.2. Date

Fixed for, and Notice of, Redemption. In the event the Company shall elect to redeem all of the Warrants that are subject to

redemption, the Company shall fix a date for the redemption (the “Redemption Date”). Notice of redemption shall

be mailed by first class mail, postage prepaid, by the Company not less than thirty (30) days prior to the Redemption Date

to the registered holders of the Warrants to be redeemed at their last addresses as they shall appear on the registration books.

Any notice mailed in the manner herein provided shall be conclusively presumed to have been duly given whether or not the registered

holder received such notice.

 

6.3. Exercise

After Notice of Redemption. The Public Warrants may be exercised, for cash (or on a “cashless basis” in accordance

with Section 3 of this Agreement) at any time after notice of redemption shall have been given by the Company pursuant to

Section 6.2 hereof and prior to the Redemption Date. In the event the Company determines to require all holders of Public

Warrants to exercise their Warrants on a “cashless basis” pursuant to Section 3.3.1(b), the notice of redemption

will contain the information necessary to calculate the number of shares of Common Stock to be received upon exercise of the Warrants,

including the “Fair Market Value” in such case. On and after the Redemption Date, the record holder of the Warrants

shall have no further rights except to receive, upon surrender of the Warrants, the Redemption Price.

 

6.4 Exclusion
of Certain Warrants. The Company agrees that the redemption rights provided in this Section 6 shall not apply to
(i) the Private Warrants, the Working Capital Warrants and the Extension Loan Warrants if at the time of the redemption
such Warrants continue to be held by the initial purchasers or their permitted transferees or (ii) Post-IPO Warrants if
such warrants provide that they are non-redeemable by the Company. However, with respect to the Private Warrants
Working Capital Warrants or Extension Loan Warrants, once such Warrants are transferred (other than to permitted transferees
under Section 5.6), the Company may redeem the Warrants in the same manner as the Public Warrants.

 

7. Other

Provisions Relating to Rights of Holders of Warrants.

 

7.1. No

Rights as Stockholder. A Warrant does not entitle the registered holder thereof to any of the rights of a stockholder of the

Company, including, without limitation, the right to receive dividends, or other distributions, exercise any preemptive rights

to vote or to consent or to receive notice as stockholders in respect of the meetings of stockholders or the election of directors

of the Company or any other matter.

 

7.2. Lost,

Stolen, Mutilated, or Destroyed Warrants. If any Warrant is lost, stolen, mutilated, or destroyed, the Company and the Warrant

Agent may on such terms as to indemnity or otherwise as they may in their discretion impose (which shall, in the case of a mutilated

Warrant, include the surrender thereof), issue a new Warrant of like denomination, tenor, and date as the Warrant so lost, stolen,

mutilated, or destroyed. Any such new Warrant shall constitute a substitute contractual obligation of the Company, whether or not

the allegedly lost, stolen, mutilated, or destroyed Warrant shall be at any time enforceable by anyone.

 

7.3. Reservation

of Shares of Common Stock. The Company shall at all times reserve and keep available a number of its authorized but unissued

shares of Common Stock that will be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this

Agreement.

 

    9

     

    

 

7.4. Registration

of Shares of Common Stock. The Company agrees that as soon as practicable after the closing of its initial Business Combination,

it shall use its best efforts to file with the Securities and Exchange Commission a registration statement for the registration,

under the Act, of the shares of Common Stock issuable upon exercise of the Warrants, and it shall use its best efforts to take

such action as is necessary to register or qualify for sale, in those states in which the Warrants were initially offered by the

Company and in those states where holders of Warrants then reside, the shares of Common Stock issuable upon exercise of the Warrants,

to the extent an exemption is not available. The Company will use its best efforts to cause the same to become effective and to

maintain the effectiveness of such registration statement until the expiration of the Warrants in accordance with the provisions

of this Agreement. If any such registration statement has not been declared effective by the 90th day following the closing of

the Business Combination, holders of the Warrants shall have the right, during the period beginning on the 91st day after the closing

of the Business Combination and ending upon such registration statement being declared effective by the Securities and Exchange

Commission, and during any other period when the Company shall fail to have maintained an effective registration statement covering

the shares of Common Stock issuable upon exercise of the Warrants, to exercise such Warrants on a “cashless basis”

as determined in accordance with Section 3.3.1(d). The Company shall provide the Warrant Agent with an opinion of counsel

for the Company (which shall be an outside law firm with securities law experience) stating that (i) the exercise of the Warrants

on a cashless basis in accordance with this Section 7.4 is not required to be registered under the Act and (ii) the shares

of Common Stock issued upon such exercise will be freely tradable under U.S. federal securities laws by anyone who is not an affiliate

(as such term is defined in Rule 144 under the Act) of the Company and, accordingly, will not be required to bear a restrictive

legend. For the avoidance of any doubt, unless and until all of the Warrants have been exercised on a cashless basis, the Company

shall continue to be obligated to comply with its registration obligations under the first three sentences of this Section 7.4.

The provisions of this Section 7.4 may not be modified, amended, or deleted without the prior written consent of EarlyBirdCapital.

 

8. Concerning

the Warrant Agent and Other Matters.

 

8.1. Payment

of Taxes. The Company will from time to time promptly pay all taxes and charges that may be imposed upon the Company or the

Warrant Agent in respect of the issuance or delivery of shares of Common Stock upon the exercise of Warrants, but the Company shall

not be obligated to pay any transfer taxes in respect of the Warrants or such shares.

 

8.2. Resignation,

Consolidation, or Merger of Warrant Agent.

 

8.2.1. Appointment

of Successor Warrant Agent. The Warrant Agent, or any successor to it hereafter appointed, may resign its duties and be discharged

from all further duties and liabilities hereunder after giving sixty (60) days’ notice in writing to the Company. If

the office of the Warrant Agent becomes vacant by resignation or incapacity to act or otherwise, the Company shall appoint in writing

a successor Warrant Agent in place of the Warrant Agent. If the Company shall fail to make such appointment within a period of

thirty (30) days after it has been notified in writing of such resignation or incapacity by the Warrant Agent or by the holder

of the Warrant (who shall, with such notice, submit his Warrant for inspection by the Company), then the holder of any Warrant

may apply to the Supreme Court of the State of New York for the County of New York for the appointment of a successor Warrant Agent

at the Company’s cost. Any successor Warrant Agent, whether appointed by the Company or by such court, shall be a corporation

organized and existing under the laws of the State of New York, in good standing and having its principal office in the Borough

of Manhattan, City and State of New York, and authorized under such laws to exercise corporate trust powers and subject to supervision

or examination by federal or state authority. After appointment, any successor Warrant Agent shall be vested with all the authority,

powers, rights, immunities, duties, and obligations of its predecessor Warrant Agent with like effect as if originally named as

Warrant Agent hereunder, without any further act or deed; but if for any reason it becomes necessary or appropriate, the predecessor

Warrant Agent shall execute and deliver, at the expense of the Company, an instrument transferring to such successor Warrant Agent

all the authority, powers, and rights of such predecessor Warrant Agent hereunder; and upon request of any successor Warrant Agent

the Company shall make, execute, acknowledge, and deliver any and all instruments in writing for more fully and effectually vesting

in and confirming to such successor Warrant Agent all such authority, powers, rights, immunities, duties, and obligations.

  

8.2.2. Notice

of Successor Warrant Agent. In the event a successor Warrant Agent shall be appointed, the Company shall give notice thereof

to the predecessor Warrant Agent and the transfer agent for the shares of Common Stock not later than the effective date of any

such appointment.

 

8.2.3. Merger

or Consolidation of Warrant Agent. Any corporation into which the Warrant Agent may be merged or with which it may be consolidated

or any corporation resulting from any merger or consolidation to which the Warrant Agent shall be a party shall be the successor

Warrant Agent under this Agreement without any further act.

 

    10

     

    

 

8.3. Fees

and Expenses of Warrant Agent.

 

8.3.1. Remuneration.

The Company agrees to pay the Warrant Agent reasonable remuneration for its services as such Warrant Agent hereunder and will reimburse

the Warrant Agent upon demand for all expenditures that the Warrant Agent may reasonably incur in the execution of its duties hereunder.

 

8.3.2. Further

Assurances. The Company agrees to perform, execute, acknowledge, and deliver or cause to be performed, executed, acknowledged,

and delivered all such further and other acts, instruments, and assurances as may reasonably be required by the Warrant Agent for

the carrying out or performing of the provisions of this Agreement.

 

8.4. Liability

of Warrant Agent.

 

8.4.1. Reliance

on Company Statement. Whenever in the performance of its duties under this Agreement, the Warrant Agent shall deem it necessary

or desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder,

such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively

proved and established by a statement signed by the Chief Executive Officer or Chairman of the Board of Directors of the Company

and delivered to the Warrant Agent. The Warrant Agent may rely upon such statement for any action taken or suffered in good faith

by it pursuant to the provisions of this Agreement.

 

8.4.2. Indemnity.

The Warrant Agent shall be liable hereunder only for its own fraud, gross negligence, willful misconduct or bad faith. The Company

agrees to indemnify the Warrant Agent and save it harmless against any and all liabilities, including judgments, costs and reasonable

counsel fees, for anything done or omitted by the Warrant Agent in the execution of this Agreement except as a result of the Warrant

Agent’s fraud, gross negligence, willful misconduct, or bad faith.

 

8.4.3. Exclusions.

The Warrant Agent shall have no responsibility with respect to the validity of this Agreement or with respect to the validity or

execution of any Warrant (except its countersignature thereof); nor shall it be responsible for any breach by the Company of any

covenant or condition contained in this Agreement or in any Warrant; nor shall it be responsible to make any adjustments required

under the provisions of Section 4 hereof or responsible for the manner, method, or amount of any such adjustment or the ascertaining

of the existence of facts that would require any such adjustment; nor shall it by any act hereunder be deemed to make any representation

or warranty as to the authorization or reservation of any shares of Common Stock to be issued pursuant to this Agreement or any

Warrant or as to whether any shares of Common Stock will, when issued, be valid and fully paid and nonassessable.

 

8.5. Acceptance

of Agency. The Warrant Agent hereby accepts the agency established by this Agreement and agrees to perform the same upon the

terms and conditions herein set forth and among other things, shall account promptly to the Company with respect to Warrants exercised

and concurrently account for, and pay to the Company, all monies received by the Warrant Agent for the purchase of shares of Common

Stock through the exercise of Warrants.

 

9. Miscellaneous

Provisions.

 

9.1. Successors.

All the covenants and provisions of this Agreement by or for the benefit of the Company or the Warrant Agent shall bind and inure

to the benefit of their respective successors and assigns.

 

    11

     

    

 

9.2. Notices.

Any notice, statement or demand authorized by this Agreement to be given or made by the Warrant Agent or by the holder of any Warrant

to or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery 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:

 

Better

World Acquisition Corp.

733

Third Avenue, New York, New York 10017

Attn:

Rosemary L. Ripley

 

Any notice, statement

or demand authorized by this Agreement to be given or made by the holder of any Warrant or by the Company to or on the Warrant

Agent shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier

service within five days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by

the Warrant Agent with the Company), as follows:

 

Continental

Stock Transfer & Trust Company

1

State Street

New

York, New York 10004

Attn:

Compliance Department

 

with a copy in

each case to:

 

Graubard

Miller

The

Chrysler Building

405

Lexington Avenue

New

York, New York 10174

Attn:

David Alan Miller, Esq.

 

and

 

Ellenoff

Grossman & Schole, LLP

1345

Avenue of the Americas

New

York, NY 10105

Attn:

Douglas S. Ellenoff, Esq.

 

and

 

EarlyBirdCapital,

Inc.

366

Madison Avenue, 8th Floor

New

York, NY 10017

Attn:

Steven Levine

 

9.3. Applicable

Law; Exclusive Forum. The validity, interpretation, and performance of this Agreement and of the Warrants shall be

governed in all respects by the laws of the State of New York, without giving effect to conflicts of law principles that

would result in the application of the substantive laws of another jurisdiction. The Company hereby agrees that any action,

proceeding or claim against it arising out of or relating in any way to this 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 the exclusive forum for any such action, proceeding or claim. The Company hereby waives any objection to such

exclusive jurisdiction and that such courts represent an inconvenient forum. Any such process or summons to be served upon

the Company may be served by transmitting a copy thereof by registered or certified mail, return receipt requested, postage

prepaid, addressed to it at the address set forth in Section 9.2 hereof. Such mailing shall be deemed personal service

and shall be legal and binding upon the Company in any action, proceeding or claim. Notwithstanding the foregoing, the provisions of this paragraph will not apply to suits brought to enforce any liability or

duty created by the Exchange Act or any other claim for which the federal district courts of the United States of America

are the sole and exclusive forum. Any person or entity purchasing or otherwise acquiring any interest in the Warrants shall

be deemed to have notice of and to have consented to the forum provisions in this Section 9.3. If any action, the subject

matter of which is within the scope the forum provisions above, is filed in a court other than a court located within the

State of New York or the United States District Court for the Southern District of New York (a “Foreign Action”)

in the name of any warrant holder, such warrant holder shall be deemed to have consented to: (x) the personal jurisdiction

of the state and federal courts located within the State of New York or the United States District Court for the Southern

District of New York in connection with any action brought in any such court to enforce the forum provisions (an “Enforcement

Action”), and (y) having service of process made upon such warrant holder in any Enforcement Action by service upon

such warrant holder’s counsel in the Foreign Action as agent for such warrant holder.

 

    12

     

    

 

9.4. Persons

Having Rights under this Agreement. Nothing in this Agreement expressed and nothing that may be implied from any of the provisions

hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than the parties hereto

and the registered holders of the Warrants and, for the purposes of Sections 7.4, 9.4 and 9.8 hereof, EarlyBirdCapital, any right,

remedy, or claim under or by reason of this Warrant Agreement or of any covenant, condition, stipulation, promise, or agreement

hereof. EarlyBirdCapital shall be deemed to be a third-party beneficiary of this Agreement with respect to Sections 7.4, 9.4 and

9.8 hereof. All covenants, conditions, stipulations, promises, and agreements contained in this Warrant Agreement shall be for

the sole and exclusive benefit of the parties hereto (and EarlyBirdCapital with respect to the Sections 7.4, 9.4 and 9.8 hereof)

and their successors and assigns and of the registered holders of the Warrants. 

 

9.5. Examination

of the Warrant Agreement. A copy of this Agreement shall be available at all reasonable times at the office of the Warrant

Agent in the Borough of Manhattan, City and State of New York, for inspection by the registered holder of any Warrant. The Warrant

Agent may require any such holder to submit his Warrant for inspection by it.

 

9.6. 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.

 

9.7. 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.

 

9.8
Amendments. This Agreement may be amended by the parties hereto without the consent of any registered holder for the purpose
of curing any ambiguity, or of curing, correcting or supplementing any defective provision contained herein or adding or changing
any other provisions with respect to matters or questions arising under this Agreement as the parties may deem necessary or desirable
and that the parties deem shall not adversely affect the interest of the registered holders. All other modifications or amendments,
including any amendment to increase the Warrant Price or shorten the Exercise Period, shall require the written consent or vote
of the registered holders of (i) a majority of the then outstanding Public Warrants if such modification or amendment is being
undertaken prior to, or in connection with, the consummation of a Business Combination, (ii) a majority of the then outstanding
Warrants if such modification or amendment is being undertaken after the consummation of a Business Combination, or (iii) solely
with respect to any amendment to the terms of the Private Warrants, Working Capital Warrants, Extension Loan Warrants or Post-IPO
Warrants or any provision of this Agreement with respect to the Private Warrants, Working Capital Warrants, Extension Loan Warrants
or Post-IPO Warrants, a majority of the number of the then outstanding Private Warrants, Working Capital Warrants, Extension Loan
Warrants or Post-IPO Warrants, as applicable. Notwithstanding the foregoing, the Company may lower the Warrant Price or extend
the duration of the Exercise Period pursuant to Sections 3.1 and 3.2, respectively, without the consent of the registered holders.
The provisions of this Section 9.8 may not be modified, amended or deleted without the prior written consent of EarlyBirdCapital.

 

9.9 Trust

Account Waiver. The Warrant Agent acknowledges and agrees that it shall not make any claims or proceed against the trust account

established by the Company in connection with the Public Offering (as more fully described in the Registration Statement) (“Trust

Account”), including by way of set-off, and shall not be entitled to any funds in the Trust Account under any

circumstance. In the event that the Warrant Agent has a claim against the Company under this Agreement, the Warrant Agent will

pursue such claim solely against the Company and not against the property held in the Trust Account.

 

9.10 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.

 

[signature page

follows]

 

    13

     

    

 

IN

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

 

	 	BETTER WORLD ACQUISITION CORP.
	 	 	 
	 	By:	 
	 	 	Name: 	Rosemary L. Ripley
	 	 	Title:	Chief Executive Officer
	 	 
	 	CONTINENTAL STOCK TRANSFER

& TRUST COMPANY
	 	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 

 

[Signature Page to Warrant Agreement]

 

 

14

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