Document:

Exhibit 4.3

 

Form
of Warrant Certificate

 

[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

 

ENVIRONMENTAL

IMPACT ACQUISITION CORP.

 

Incorporated

Under the Laws of the State of Delaware

 

CUSIP

29408N 114

 

Warrant

Certificate

 

This

Warrant Certificate certifies that              , or

registered assigns, is the registered holder of warrant(s) evidenced hereby (the “Warrants” and each,

a “Warrant”) to purchase shares of Class A common stock, $0.0001 par value per share (“Class

A Common Stock”), of Environmental Impact Acquisition Corp., a Delaware corporation (the “Company”).

Each whole Warrant entitles the holder, upon exercise during the Exercise Period set forth in the Warrant Agreement referred to

below, to receive from the Company that number of fully paid and non-assessable shares of Class A Common Stock as set forth below,

at the exercise price (the “Warrant 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 Warrant 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 share of Class A Common Stock. No fractional shares

will 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 share of Class A Common Stock, the Company will, upon exercise, round down to the nearest whole number the number

of shares of Class A Common Stock to be issued to the Warrant holder. The number of shares of Class A Common Stock 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 Warrant Price per share of Class A Common Stock for any Warrant is equal to $11.50 per share. The Warrant Price is subject

to adjustment upon the occurrence of certain events 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.

 

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, without

regard to conflicts of laws principles thereof.

 

	 	ENVIRONMENTAL IMPACT ACQUISITION

    CORP.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title: 	 
	 	 	 
	 	 	 
	 	CONTINENTAL STOCK TRANSFER &

    TRUST COMPANY, as Warrant Agent
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    2

     

    

 

[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 shares of Class A Common Stock and are issued or to be issued pursuant to a Warrant Agreement dated as of                 ,

2020 (the “Warrant Agreement”), duly executed and delivered by the Company to Continental Stock Transfer

& Trust Company, a New York corporation, 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 Warrant 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 shares of Class A Common Stock to be issued upon exercise is effective under the Securities

Act and (ii) a prospectus thereunder relating to the shares of Class A Common Stock 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 shares of Class A Common Stock issuable upon

the 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 share of Class A Common Stock, the Company

shall, upon exercise, round down to the nearest whole number of shares of Class A Common Stock 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

stockholder of the Company.

 

    3

     

    

 

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                

shares of Class A Common Stock and herewith tenders payment for such shares of Class A Common Stock to the order of Environmental

Impact Acquisition Corp. (the “Company”) in the amount of $           

in accordance with the terms hereof. The undersigned requests that a certificate for such shares of Class A Common Stock be registered

in the name of                 , whose address

is                 and that such shares of Class

A Common Stock be delivered to whose address is                 .

If said number of shares of Class A Common Stock is less than all of the shares of Class A Common Stock purchasable hereunder,

the undersigned requests that a new Warrant Certificate representing the remaining balance of such shares of Class A Common Stock

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 of the Warrant Agreement

and the Company has required cashless exercise pursuant to Section 6.3 of the Warrant Agreement, the number of shares of

Class A Common Stock that this Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(b) and

Section 6.3 of the Warrant Agreement.

 

In

the event that the Warrant is a Private Placement Warrant or a Working Capital Warrant that is to be exercised on a “cashless”

basis pursuant to subsection 3.3.1(c) of the Warrant Agreement, the number of shares of Class A Common Stock 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 shares of Class A Common Stock 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 shares of Class A Common Stock 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 shares of Class A Common Stock. If said number of shares of Class A Common

Stock is less than all of the shares of Class A Common Stock purchasable hereunder (after giving effect to the cashless exercise),

the undersigned requests that a new Warrant Certificate representing the remaining balance of such shares of Class A Common Stock

be registered in the name of                 ,

whose address is                 and that such

Warrant Certificate be delivered to                 ,

whose address is                 .

 

 

[Signature

Page Follows]

 

    4

     

    

 

	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 SEC RULE 17Ad-15 UNDER THE SECURITIES

EXCHANGE ACT OF 1934, AS AMENDED (OR ANY SUCCESSOR RULE).

 

    5Exhibit 10.2

 

THIS

PROMISSORY NOTE (“NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES

ACT”). THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION

OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO

THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.  

 

PROMISSORY

NOTE

 

	Principal

    Amount: Up to $300,000	Dated

                                         as of September 4, 2020

                                                                     New

                                         York, New York

 

Environmental

Impact Acquisition Corp., a Delaware corporation and blank check company (the “Maker”), promises to pay

to the order of HB Strategies LLC or its registered assigns or successors in interest (the

“Payee”), or order, the principal sum of up to Three Hundred Thousand Dollars $300,000 in lawful money of the

United States of America, on the terms and conditions described below. All payments on this Note shall be made by check

or wire transfer of immediately available funds or as otherwise determined by the Maker to such account as the Payee may from

time to time designate by written notice in accordance with the provisions of this Note.

 

1. Principal. The

principal balance of this Note shall be payable by the Maker on the earlier of: (i) March 31, 2021 or (ii) the date on which Maker

consummates an initial public offering of its securities. The principal balance may be prepaid at any time. Under no circumstances

shall any individual, including but not limited to any officer, director, employee or shareholder of the Maker, be obligated personally

for any obligations or liabilities of the Maker hereunder.

 

2. Interest. No

interest shall accrue on the unpaid principal balance of this Note.

 

3. Drawdown

Requests. Maker and Payee agree that Maker may request up to Three Hundred Thousand Dollars $300,000 for costs reasonably

related to Maker’s initial public offering of its securities, less the sum of $37,500 that Payee has advanced to Maker (the

“Advance”) and which Advance shall be deemed part of the principal balance under this Note and payable by Marker in

accordance with the terms herein. The principal of this Note may be drawn down from time to time prior to the earlier of: (i)

March 31, 2021 or (ii) the date on which Maker consummates an initial public offering of its securities, upon written request

from Maker to Payee (each, a “Drawdown Request”). Each Drawdown Request must state the amount to be drawn down,

and must not be an amount less than Ten Thousand Dollars ($10,000) unless agreed upon by Maker and Payee. Payee shall fund each

Drawdown Request no later than five (5) business days after receipt of a Drawdown Request; provided, however, that the maximum

amount of drawdowns collectively under this Note is Three Hundred Thousand Dollars $300,000. Once an amount is drawn down under

this Note, it shall not be available for future Drawdown Requests even if prepaid. No fees, payments or other amounts shall be

due to Payee in connection with, or as a result of, any Drawdown Request by Maker. Notwithstanding the foregoing, all payments

shall be applied first to payment in full of any costs incurred in the collection of any sum due under this Note, including (without

limitation) reasonable attorneys’ fees, and then to the reduction of the unpaid principal balance of this Note.

 

4. Application

of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection of any sum

due under this Note, including (without limitation) reasonable attorney’s fees, then to the payment in full of any late

charges and finally to the reduction of the unpaid principal balance of this Note.

 

5. Events

of Default. The following shall constitute an event of default (“Event of Default”):

 

(a) Failure

to Make Required Payments. Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business

days of the date specified above.

 

(b) Voluntary

Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization,

rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator,

assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or

the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts

become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

 

     

     

    

 

(c) Involuntary

Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker

in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator,

assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering

the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period

of 60 consecutive days.

 

6. Remedies.

 

(a) Upon

the occurrence of an Event of Default specified in Section 5(a) hereof, Payee may, by written notice to Maker, declare this Note

to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable hereunder,

shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby

expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding. 

 

(b) Upon

the occurrence of an Event of Default specified in Sections 5(b) and 5(c), the unpaid principal balance of this Note, and all

other sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without

any action on the part of Payee.

 

7. Waivers. Maker

and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest,

and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under

the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any property,

real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under

execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees

that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof or any writ of execution issued

hereon, may be sold upon any such writ in whole or in part in any order desired by Payee.

 

8. Unconditional

Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement

of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other

party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or

consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted

by Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors,

or sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder.

 

9. Notices. All

notices, statements or other documents which are required or contemplated by this Note shall be made in writing and delivered:

(i) personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission

to the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other address

or fax number as may be designated in writing by such party or (iii) by electronic mail, to the electronic mail address most recently

provided to such party or such other electronic mail address as may be designated in writing by such party. Any notice or other

communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business

day following receipt of written confirmation, if sent by facsimile or electronic transmission, one (1) business day after delivery

to an overnight courier service or five (5) days after mailing if sent by mail.

 

10. Construction. THIS

NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF DELAWARE, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.

 

11. Severability. Any

provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective

to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition

or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

    2

     

    

 

12. Trust

Waiver. Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest

or claim of any kind (“Claim”) in or to any distribution of or from the trust account to be established in

which the proceeds of the initial public offering (the “IPO”), through which shares of the Maker are sold to

the public (the “Public Shares”) to be conducted by the Maker (including the deferred underwriters discounts

and commissions) and the proceeds of the sale of the warrants to be issued in a private placement to occur prior to the closing

of the IPO are to be deposited, except for redemption, liquidation, and other rights, if any, the Payee may have in respect of

Public Shares held by it, as described in greater detail in the registration statement and prospectus to be filed with the Securities

and Exchange Commission in connection with the IPO, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction

for any Claim relating to this Note against the trust account for any reason whatsoever.

 

13. Amendment;

Waiver. Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent

of the Maker and the Payee.

 

14. Assignment.

No assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto (by operation of

law or otherwise) without the prior written consent of the other party hereto and any attempted assignment without the required

consent shall be void.

 

 

[Signature

page follows]

 

    3

     

    

 

IN

WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this Note to be duly executed by the undersigned

as of the day and year first above written.

 

	 	ENVIRONMENTAL
    IMPACT ACQUISITION CORP.
	 	 	 
	 	By:	 /s/
    Daniel Coyne
	 	 	Name:
    	Daniel
    Coyne
	 	 	Title:	President
    and Chief Executive Officer 

 

    4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00318-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00318-of-00352.parquet"}]]