Document:

Exhibit 10.8

 

CERTAIN IDENTIFIED INFORMATION
HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY
DISCLOSED. [***] INDICATES THAT INFORMATION HAS BEEN REDACTED.

 

LEASE SCHEDULE

 

	Lease
    Schedule No:	001
	 	 
	Master
    Lease Agreement Dated:	November
    2, 2020
	 	 
	Lessor:	Celsius
    Networks Lending LLC
	 	 
	Lessee:	Argo
    Innovation Labs Inc.

 

	1.	GENERAL. This Lease Schedule is signed and delivered under the Master Lease Agreement identified
above, as amended from time to time ("Master Lease"), between Lessee and Lessor. The Master Lease is incorporated herein by
reference as if set forth at length, and Lessee and Lessor confirm that all terms and conditions of the Master Lease remain in full force
and effect, except as specifically set forth herein to the contrary. Unless otherwise defined herein, capitalized terms defined in the
Master Lease will have the same meanings when used in this Schedule.

 

	2.	LEASE; EQUIPMENT DESCRIPTION. Lessor leases to Lessee, and Lessee leases from Lessor, all of the
property ("Equipment") described in Schedule A-1 attached hereto. Lessee irrevocably and unconditionally agrees that the Equipment
is and will be used at all times solely for commercial purposes, and not for personal, family or household purposes.

 

	3.	LEASE TERM. The Lease Term commences on November 2, 2020 ("Acceptance Date") and
ends on December 31, 2022 ("Expiration Date").

 

	4.	RENT AND FEES. There shall be added to each rent or other payment described below all applicable
Taxes as in effect from time to time.

 

As rent for the Equipment during the Lease Term, Lessee shall
pay to Lessor all amounts stated below according to the timing stated below:

 

		(1)	Amount of each rent payment during the Lease Term:

 

[***]

 

		(2)	Frequency of payments during the Lease Term: Monthly

 

		(3)	Timing of payments during the Lease Term: In arrears

 

	5.	END-OF-TERM PURCHASE OPTION. If Lessee elects the purchase option under Section 24 of the Master
Lease, then no later than 10 days prior to the Expiration Date, Lessee shall pay (a) an amount equal to the End of Term Purchase Price
as set forth below, plus (b) any other amounts then due under the Lease (including the costs or expenses of Lessor, if any, in connection
with such purchase):

 

End of Term Purchase Price: $1.00

 

	6.	TITLE TO EQUIPMENT; QUIET POSSESSION. Lessee agrees that Lessor is the lawful owner of the Equipment
and that good and marketable title to the Equipment shall remain with Lessor at all times. Lessee at its sole expense will protect and
defend Lessor's good and marketable title to the Equipment against all claims and demands whatsoever except for Liens created directly
by Lessor. This Schedule is intended to be a lease transaction. Lessee shall have no right, title or interest in any of the Equipment
except the right to peacefully and quietly hold and use the Equipment in accordance with the
terms of the Lease during the Lease Term unless and until an Event of Default shall occur.

 

    Page 1 of 5

     

    

 

	7.	TAX REPRESENTATIONS. Lessee agrees that: (a) Lessee does not have, and the Lease will not create
for Lessee, any equity or ownership interest in the Equipment; and (b) the Equipment has been placed in service by Lessee as of the Acceptance
Date.

 

	8.	CONDITIONS. No lease of Equipment under this Schedule shall be binding on Lessor, and Lessor shall
have no obligation to purchase any Equipment, unless at the time of execution: (a) Lessor has received evidence of all required insurance;
(b) in Lessor's sole judgment, there has been no material adverse change in the financial condition or business of Lessee; (c) Lessee
has signed and delivered to Lessor this Schedule, which must be satisfactory to Lessor, and Lessor has signed and accepted this Schedule;
(d) no change in the Uniform Commercial Code or any regulation thereunder, which in Lessor's sole judgment would adversely affect the
economics to Lessor of the lease transaction, shall have occurred or shall appear to be imminent; (e) Lessor has received, in form and
substance satisfactory to Lessor, such other documents and information as Lessor shall reasonably request; and (f) Lessee has satisfied
all other reasonable conditions established by Lessor.

 

	9.	OTHER DOCUMENTS: EXPENSES. Lessee agrees to sign and deliver to Lessor any additional documents
deemed desirable by Lessor to effect the terms of the Master Lease or this Schedule including, without limitation, Uniform Commercial
Code financing statements which Lessor is authorized to file with the appropriate filing officers. Lessee hereby irrevocably appoints
Lessor as Lessee's attorney-in-fact with full power and authority in the place of Lessee and in the name of Lessee to prepare, sign, amend,
file or record any Uniform Commercial Code financing statements or other documents deemed desirable by Lessor to perfect, establish or
give notice of Lessor's (as applicable) interests in the Equipment or in any collateral as to which Lessee has granted Lessor a security
interest. The signing or filing of Uniform Commercial Code financing statements and other recordings are undertaken as a precaution only
since the parties intend this Schedule to be a lease transaction. Lessee shall pay upon Lessor's written request, any actual out-of-pocket
costs and expenses paid or incurred by Lessor (as applicable) in connection with the above terms of this section or the funding and closing
of this Schedule.

 

	10.	PROVISIONAL SECURITY INTEREST. This Schedule is intended to be a lease transaction, not a secured
debt financing transaction. If despite the intentions of Lessee and Lessor a court determines that this Schedule is a secured debt financing
transaction and not a lease transaction, then in such event, Lessee hereby grants to Lender a first priority security interest in all
of Lessee's right, title and interest in the Equipment, whether now existing or hereafter acquired, and in all Proceeds (as defined below)
thereof as collateral security for payment and performance of all Secured Obligations (as defined below). "Secured Obligations"
means (a) all payments and other obligations of Lessee under or in connection with this Schedule, and (b) all payments and other obligations
of Lessee (whether now existing or hereafter incurred) under or in connection with the Master Lease and all present and future Lease Schedules
thereto. "Proceeds" means all cash and non-cash proceeds of the Equipment including, without limitation, proceeds of
insurance, indemnities and/or warranties.

 

	11.	PURCHASE ORDERS AND ACCEPTANCE OF EQUIPMENT. LESSEE EXPRESSLY AGREES THAT THIS SCHEDULE IS A
                                         "FINANCE LEASE" UNDER ARTICLE 2A OF THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN DELAWARE. Lessee agrees that (i) Lessor
                                         has not selected, manufactured, sold or supplied any of the Equipment, (ii) Lessee has selected all of the Equipment and its
                                         suppliers, and (iii) Lessee has received a copy of, and approved, the purchase orders or purchase contracts for the Equipment. AS
                                         BETWEEN LESSEE AND LESSOR, LESSEE AGREES THAT:
(a) LESSEE IRREVOCABLY ACCEPTS ALL EQUIPMENT FOR PURPOSES OF THE LEASE "AS-IS, WHERE-IS" WITH ALL FAULTS; AND (b) LESSEE UNCONDITIONALLY
WAIVES ANY RIGHT THAT IT MAY HAVE TO REVOKE ITS ACCEPTANCE OF THE EQUIPMENT. 

 

[The next page is the signature page.]

 

    Page 2 of 5

     

    

 

LESSEE HAS READ AND UNDERSTOOD ALL OF
THE TERMS OF THIS SCHEDULE. LESSEE AGREES THAT THERE ARE NO ORAL OR UNWRITTEN AGREEMENTS WITH LESSOR OR LENDER REGARDING THE EQUIPMENT
OR THIS SCHEDULE.

 

	LESSEE	 	LESSOR
	 	 	 
	By:	/s/ Peter Wall	 	By:	/s/ Alex Mashinsky
	 	 	 	 	 
	Title:	CEO	 	Title:	Ceo

 

    Page 3 of 5

     

    

 

[***]

 

    Page 4 of 5

     

    

 

[***]Exhibit 4.1

  

NUMBER UNITS
U-

 

SEE REVERSE FOR CERTAIN
DEFINITIONS

CUSIP

 

FUTURE HEALTH ESG CORP.

 

UNITS CONSISTING OF ONE SHARE OF COMMON STOCK AND
ONE-HALF OF ONE REDEEMABLE WARRANT, EACH WHOLE 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 Future Health ESG Corp., a Delaware corporation
(the “Company”), and one-half (1/2) of one redeemable warrant (each whole warrant exercisable for one share
of common stock) (the “Warrant”). Each whole Warrant entitles the holder to purchase one (1) share of Common
Stock (subject to adjustment) for $11.50 per share (subject to adjustment). Only whole Warrants are exercisable. Each Warrant will become
exercisable thirty (30) days after the Company’s completion of an initial merger, capital stock exchange, asset acquisition, stock
purchase, reorganization or other similar business combination with one or more businesses (each a “Business Combination”),
and will expire unless exercised before 5:00 p.m., New York City Time, on the date that is five (5) years after the date on which the
Company completes its initial Business Combination, or earlier upon redemption or liquidation. The shares of Common Stock and Warrants
comprising the Units represented by this certificate are not transferable separately prior to          , 2021,
unless Cantor Fitzgerald & Co. elects to allow separate trading earlier, subject to the Company’s filing of a Current Report
on Form 8-K with the Securities and Exchange Commission containing an audited balance sheet reflecting the Company’s receipt of
the gross proceeds of its initial public offering and issuing a press release announcing when separate trading will begin. No fractional
Warrants will be issued upon separation of the Units and only whole Warrants will trade. The terms of the Warrants are governed by a Warrant
Agreement, dated as of           , 2021, 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
One State Street, 30th Floor, New York, New York 10004, and are available to any Warrant holder on written request and without
cost.

 

Upon the consummation of the Business Combination, the Units represented by this certificate will automatically separate into the Common Stock and Warrants comprising such Units.

 

This certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Company.

 

This certificate shall be governed by and construed in accordance with the internal laws of the State of New York.

 

Witness the facsimile signature of its duly authorized officers.

 

	
 

	
 

	
 

	
Secretary

	
 

	
Principal Executive Officer

    1 

     

    

FUTURE HEALTH ESG 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 _______
(Cust)                    (Minor)

Under Uniform Gifts to

 Minors Act _____________

 (State)

	
TEN ENT

	
 —

	
as tenants by the entireties

	
 

	
 

	
 

	
JT TEN

	
 —

	
as joint tenants with right of survivorship and not as tenants in common

	
 

	
 

	
 

 

Additional abbreviations may also be used though not in the above list.

 

For value received, ______________ hereby sell(s), assign(s) and transfer(s) unto ________________

 

PLEASE INSERT SOCIAL SECURITY OR
OTHER
IDENTIFYING NUMBER OF ASSIGNEE 

 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

 

 

 

 

 

 

_______  Units represented by the within Certificate, and do(es) hereby irrevocably constitute and appoint

 

________________________Attorney 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 whatsoever.

    2 

     

    

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)
UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS
AMENDED).

 

In each case, as more fully described in the Company’s final prospectus dated          , 2021 (the “Final Prospectus”), the holder(s) of this certificate shall be entitled to receive a pro-rata portion of certain funds held in the trust account established in connection with the Company’s initial public offering only in the event that (i) the Company redeems the shares of Common Stock sold in its initial public offering and liquidates because it does not consummate an initial business combination by the date set forth in the Company’s amended and restated certificate of incorporation (the “Charter”), (ii) the Company redeems the shares of Common Stock sold in its initial public offering in connection with a stockholder vote to amend the Charter (A) to modify the substance or timing of the Company’s obligation to allow redemption as described in the Final Prospectus, or (B) with respect to any other provision relating to the holder(s) rights or pre-initial business combination activity, or (iii) if the holder(s) seek(s) to redeem for cash his, her, its or their respective shares of Common Stock in connection with a tender offer (or proxy solicitation, solely in the event the Company seeks stockholder approval of the proposed initial business combination) setting forth the details of a proposed initial business combination. In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust account.

    3

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