Document:

Exhibit 10.9

 

CARTICA
ACQUISITION CORP

1775 I Street NW, Suite 910

Washington, D.C. 20006

[ ], 2021

 

Cartica Acquisition Partners, LLC

1775 I Street NW, Suite 910

Washington, D.C. 20006 

 

	 	Re:	Administrative Support Agreement

 

Ladies and Gentlemen:

 

This letter agreement by
and between Cartica Acquisition Corp (the “Company”) and Cartica Acquisition Partners, LLC
(“Sponsor”), dated as of the date hereof, will confirm our agreement that, commencing on the effective date (the
 “Effective Date”) of the Registration Statement on Form S-1 filed with the U.S. Securities and Exchange
Commission (the “Registration Statement”) for the Company’s initial public offering (the
 “IPO”) and continuing until the earlier of the consummation by the Company of an initial business combination or
the Company’s liquidation (in each case as described in the Registration Statement) (such earlier date hereinafter referred to
as the “Termination Date”):

 

	 	1.	Sponsor
    shall (i) pay to the Company’s Chief Executive Officer an annual cash salary of $312,000, in substantially equal periodic
    installments, and bonuses of up to $350,000; (ii) pay to the Company’s Chief Operating Officer and Chief Financial Officer an
    annual cash salary of $200,000, in substantially equal periodic installments, and bonuses of up to $150,000; and (iii) make
    available, or cause to be made available, to the Company, at 1775 I Street NW, Suite 910, Washington, D.C. 20006 (or any successor
    location of Sponsor), office space, utilities, and research, analytical, secretarial and administrative support, expected to be
    sourced from Cartica Management, LLC, as may be reasonably required by the Company. In exchange therefor, the Company shall pay
    Sponsor the sum of $549,500 upon closing the IPO and $51,667 per month on the Effective Date and continuing monthly thereafter until
    the Termination Date. Notwithstanding the foregoing, the parties acknowledge and agree that the obligation to pay the Chief
    Operating Officer and Chief Financial Officer’s annual cash salary began as of September 1, 2021, and that, in order that such
    obligation may be brought current, the Company shall pay to Sponsor on the closing date of the IPO the previously accrued but unpaid
    salary amounts due to such officer; and

 

	 	2.	Sponsor hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind as a result of, or arising out of, this letter agreement (each, a “Claim”) in or to, and any and all right to seek payment of any amounts due to it out of, the trust account established for the benefit of the public shareholders of the Company and into which substantially all of the proceeds of the Company’s initial public offering will be deposited (the “Trust Account”), and hereby irrevocably waives any Claim it may have in the future, which Claim would reduce, encumber or otherwise adversely affect the Trust Account or any monies or other assets in the Trust Account, and further agrees not to seek recourse, reimbursement, payment or satisfaction of any Claim against the Trust Account or any monies or other assets in the Trust Account for any reason whatsoever.

 

This letter agreement constitutes
the entire agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior understandings,
agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter
hereof or the transactions contemplated hereby.

 

This letter agreement may
not be amended, modified or waived as to any particular provision, except by a written instrument executed by all parties hereto.

 

No party hereto may assign
either this letter agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other
party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign
any interest or title to the purported assignee.

 

This letter agreement constitutes
the entire relationship of the parties hereto, and any litigation between the parties (whether grounded in contract, tort, statute, law
or equity) shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State of New York, without
giving effect to its choice of laws principles.

 

[SIGNATURE PAGE FOLLOWS]

 

    	 	 

     

    

 

	 	Very truly yours,
	 	 
	 	CARTICA ACQUISITION CORP
	 	 
	 	By:	 
	 	Name: 	 
	 	Title:	 

 

	AGREED TO AND ACCEPTED BY:	 
	 	 	 
	CARTICA ACQUISITION PARTNERS, LLC	 
	 	 	 
	By:	 	 
	Name: 	 	 
	Title:	 	 

 

[Signature Page to Administrative Support
Agreement]Exhibit 10.1

 

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 MAKER THAT SUCH REGISTRATION IS NOT REQUIRED.
 

 

PROMISSORY NOTE

 

	 	 Dated as of November 9, 2021
	 	 
	Principal Amount: $1,261,860	New York, New York

 

Better World Acquisition Corp.,
a Delaware corporation (the “Maker”), promises to pay to the order of BWA Holdings LLC, a Delaware limited liability
company, or its registered assigns or successors in interest (the “Payee”), the principal sum of One Million Two Hundred
Sixty-One Thousand Eight Hundred and Sixty Dollars ($1,261,860), 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, without setoff
or counterclaim, to such account as the Payee may from time to time designate by written notice in accordance with the provisions of this
Note. This Note is being made in connection with Maker extending its termination date of November 17, 2021 for an additional three (3)
months to February 17, 2022 (the “Extension”).

 

	1.	Maturity. The principal balance of this Note
shall be due and payable by the Maker upon the closing of a Repayment/Conversion Trigger Event, as such term is defined below (the “Maturity
Date”). The principal balance may be prepaid at any time prior to the Maturity Date without penalty upon written notice by
the Maker to the Payee.

 

		(a)	Each of the following shall constitute a “Repayment/Conversion Trigger Event”:

 

		(i)	the closing of a merger, consolidation or other business combination pursuant to which the Maker acquires
an entity for its initial business combination (a “DeSPAC Transaction”);or

 

		(ii)	subject to the terms below, the liquidation of the Maker on or before February 17, 2022 (unless such date
is extended by the Maker’s board of directors to May 17, 2022, at the request of the Payee), or such later liquidation date as may
be approved by Maker’s stockholders (a “Liquidation”), that occurs while the Note is outstanding or any
time thereafter prior to the repayment of the Note.

 

Maker shall provide Payee
at least ten (10) calendar days’ prior written notice of any Repayment/Conversion Trigger Event, and to the extent applicable, a
copy of the material terms and conditions of the DeSPAC Transaction. Except as provided in Section 16 below, under no circumstances whatsoever
shall any individual, including, but not limited to, any officer, director, employee or stockholder of the Maker, be obligated personally
for any obligations or liabilities of the Maker hereunder.

 

		(b)	Form of Repayment. In the event of a Liquidation, all
amounts due under this Note shall be repaid in cash. In the event of a DeSPAC Transaction, the Note may be repaid, at the Payee’s
discretion, (i) in cash or (ii) in Conversion Warrants (as defined below), pursuant to Section 16 herein. Absent reasonable prior written
notice by Payee to convert into Conversion Warrants pursuant to Section 16 herein, the Note shall become due and payable in cash at closing
of such DeSPAC Transaction.

 

		2.	Interest. No interest shall accrue or be charged by
Payee on the unpaid principal balance of this Note.

 

		3.	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
attorneys’ fees, then to the payment in full of any late charges, and finally to the reduction of the unpaid principal balance
of this Note.

 

    

     

    

 

		4.	Use of Proceeds. On or prior to the date of this Note,
the Payee shall remit the full principal amount to the Maker. The Maker hereby represents, warrants and covenants to the Payee, that
the entire principal amount will be used by the Maker solely for purposes of making a payment pursuant to the Investment Management Trust
Agreement dated November 12, 2020 by and between Maker and Continental Stock Transfer & Trust Company, a New York limited liability
trust company (“CST”), for the Extension.

 

		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 any principal amount due (including, but not limited to, by way of the issuance of Conversion Warrants in accordance with the
terms of this Note) pursuant to this Note within five (5) business days of the Maturity Date.

 

		(b)	Breach of Use of Proceeds. Failure by Maker to comply
with the provisions of Section 4 of this Note.

 

		(c)	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.

  

		(d)	Involuntary Bankruptcy, Etc. The entry of a decree
or order for relief by a court having competent jurisdiction 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) or Section 5(b) 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(c) and 5(d), 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.	Enforcement Costs. In case any principal of this Note is
not paid when due, including (without limitation) by way of the issuance of Conversion Warrants in accordance with the terms of this
Note, Maker shall be liable for all costs of enforcement and collection of this Note incurred by the Payee and any other Holders, including,
but not limited to, reasonable attorneys’ fees and expenses.

 

		8.	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.

 

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		9.	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. Any failure of the Payee to exercise any right hereunder shall not be construed as a waiver of the right to exercise
the same or any other right at any time and from time to time thereafter. The Payee may accept late payments, or partial payments, even
though marked “payment in full” or containing words of similar import or other conditions, without waiving any of its rights.

 

		10.	Notices. All notices, statements or other documents
which are required or contemplated by this Note shall be made in writing and delivered (at the sender’s sole cost and expense)
by one of the following means: (a) personally (b) by first-class registered or certified postal mail, return receipt requested (c) through
overnight courier or next-day delivery service (d) via facsimile or (e) by electronic transmission to the e-mail address designated.
Any notice or other communication so transmitted shall be deemed to have been given (i) on the day of delivery, if delivered personally,
(ii) five (5) calendar days if sent by mail (iii) two (2) business days after being dispatched through an overnight courier service;
(iv) on the business day following receipt, if sent by facsimile or electronic transmission. The receiving address for each party, respectively,
is set forth below and may be changed at any time by a party upon providing notice thereof to the other party pursuant to the provisions
of this Section 10.

 

If to Maker:

Better World Acquisition Corp.

775 Park Ave.

New York, NY 10021

Attn: Rosemary L. Ripley, CEO

 

If to Payee:

BWA Holdings LLC

775 Park Ave.

New York, NY 10021

Attn: Peter S.H. Grubstein, Managing Member

  

		11.	Construction;
Governing Law; Venue; Waiver Of Jury Trial.  THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF. MAKER HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS,
FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE SUPREME COURT OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY
AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION
OR PROCEEDING ARISING OUT OF OR RELATING TO THIS NOTE, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT. EACH PARTY HERETO HEREBY IRREVOCABLY
AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE
COURT OR, TO THE EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH PARTY HERETO ALSO HEREBY AGREES THAT A FINAL JUDGMENT
IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER
MANNER PROVIDED BY APPLICABLE LAW. NOTHING IN THIS NOTE SHALL AFFECT ANY RIGHT THAT THE PAYEE OR ANY OTHER HOLDER MAY OTHERWISE HAVE
TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS NOTE AGAINST THE MAKER OR ITS PROPERTIES IN THE COURTS OF ANY OTHER JURISDICTION.
IN ANY ACTION, SUIT OR PROCEEDING IN RESPECT OF OR ARISING OUT OF THIS NOTE, THE PAYEE AND THE MAKER WAIVE TRIAL BY JURY, AND EACH OF
MAKER AND PAYEE WAIVES (I) THE RIGHT TO INTERPOSE ANY SET-OFF OF ANY NATURE OR DESCRIPTION, (II) ANY OBJECTION BASED ON FORUM NON CONVENIENS
OR VENUE, AND (III) ANY CLAIM FOR CONSEQUENTIAL, PUNITIVE, INCIDENTAL, EXEMPLARY OR SPECIAL DAMAGES.

 

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		12.	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 automatically invalidate or render unenforceable such provision in any other jurisdiction.

 

		13.	Trust Waiver.  Notwithstanding anything herein
to the contrary, but subject to the following sentence of this Section 13, 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 (the “Trust Account”)
established in which the proceeds of the initial public offering (“the “IPO”) conducted by the Maker (including
the deferred underwriters’ discounts and commissions) and the proceeds of the sale of the units issued in a private placement that
occurred prior to the closing of the IPO were deposited, as described in greater detail in Maker’s Registration Statements on Form
S-1 (No. 333-249374 and No. 333-250051) filed with the Securities and Exchange Commission in connection with the IPO (together, and collectively,
hereinafter the “Registration Statement”), and hereby agrees not to seek recourse, reimbursement, payment or satisfaction
for any Claim against the Trust Account for any reason whatsoever. Notwithstanding the foregoing, the Payee does not waive any Claims,
and does not waive its rights to seek recourse, reimbursement, payment or satisfaction for any Claim, against the Trust Account for distributions
of remaining funds released to the Maker from the Trust Account following redemptions or other distributions to Maker’s public
stockholders.

 

		14.	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.

 

		15.	Assignment.  This Note binds and is for the benefit
of the successors and permitted assigns of the Maker and the Payee. 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 ab initio; provided, that upon the announcement
of a DeSPAC Transaction or occurrence and/or during the continuation of an Event of Default, Payee shall have the right to assign this
Note in its discretion without the consent of Maker upon reasonable written notice thereof to Maker.

 

		16.	Conversion.

 

		(a)	Notwithstanding anything contained in this Note to the contrary,
upon receiving due notification by Maker of a DeSPAC Transaction, Payee may elect to convert all or any portion of the unpaid principal
balance under this Note into that number of warrants, each warrant being identical to the private warrants issued in the IPO (the “Conversion Warrants”),
the total Conversion Warrants so issued shall be equal to: (x) the portion of the principal amount of this Note being converted pursuant
to this Section 16, divided by (y) the conversion price of One Dollar ($1.00), rounded up to the nearest whole number of warrants. The
Conversion Warrants shall be identical to the warrants issued by the Maker to the Payee in a private placement upon consummation of the
Maker’s IPO. The Conversion Warrants and their underlying securities, and any other equity security of Maker issued or issuable
with respect to the foregoing by way of a share dividend or share split or in connection with a combination of shares, recapitalization,
amalgamation, consolidation or reorganization, shall be entitled to the registration rights set forth in Section 17 hereof.

 

		(b)	Upon any complete or partial conversion of the principal amount
of this Note, (i) such principal amount shall be so converted and such converted portion of this Note shall become fully paid and satisfied,
(ii) Payee shall surrender and deliver this Note, duly endorsed, to Maker or such other address which Maker shall designate against delivery
of the Conversion Warrants , (iii) Maker shall promptly deliver a new duly executed Note to Payee in the principal amount that remains
outstanding, if any, after any such conversion and (iv) in exchange for all or any portion of the surrendered Note, and simultaneous
with the surrender of the Note, Maker shall, at the direction of Payee, deliver to Payee (or its members or their respective affiliates)
(Payee, or such other persons, are known herein as the “Holder” or “Holders”) the Conversion Warrants,
which shall bear such legends as are required in the opinion of legal counsel to Maker (or by any other agreement between Maker and Payee)
and applicable state and federal securities laws, rules and regulations.

 

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		(c)	The Holders shall pay any and all issue and other taxes that
may be payable with respect to any issue or delivery of the Conversion Warrants upon conversion of this Note pursuant hereto; provided,
however, that the Holders shall not be obligated to pay any transfer taxes resulting from any transfer requested by the Holders
in connection with any such conversion.

 

		17.	Registration
Rights.

 

		(a)	Reference is made to that certain Registration Rights Agreement
between the Maker and the parties thereto, dated as of November 12, 2020 (the “Registration Rights Agreement”). All
capitalized terms used in this Section 17 shall have the same meanings ascribed to them in the Registration Rights Agreement. The Conversion
Warrants shall constitute Extension Loan Warrants under the Registration Rights Agreement.

 

		(b)	The Holders of the Conversion Warrants and their underlying
securities shall be entitled to one Demand Registration, which shall be subject to the same provisions as set forth in Section 2.1 of
the Registration Rights Agreement.

 

		(c)	The Holders shall also be entitled to include the Conversion
Warrants and their underlying securities in Piggyback Registrations, which shall be subject to the same provisions as set forth in Section
2.2 of the Registration Rights Agreement; provided, however, that in the event that an underwriter advises the Maker that
the Maximum Number of Shares has been exceeded with respect to a Piggyback Registration, the Holders shall not have any priority over
the holders of any other Registrable Securities for inclusion in such Piggyback Registration.

 

		(d)	Except as set forth above, the Holders and the Maker, as applicable,
shall have all of the same rights, duties and obligations set forth in the Registration Rights Agreement.

  

[Signature page follows]

 

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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. 

 

	 	Better World Acquisition Corp.
	 	 	 
	 	By:	/s/
Peter S.H. Grubstein
	 	 	Name: 	 Peter S.H. Grubstein
	 	 	
    Title:
	Chief Financial Officer

 

 

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