SEC Contract Filing

Filing Date: 2021-11-12

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>9
<FILENAME>tm2132752d1_ex10-5.htm
<DESCRIPTION>EXHIBIT 10.5
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit&nbsp;10.5</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">THIS PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT,
dated as of November&nbsp;8, 2021 (as it may from time to time be amended, this &#8220;<B>Agreement</B>&#8221;), is entered into by and
between Apeiron Capital Investment Corp., a Delaware corporation (the &#8220;<B>Company</B>&#8221;) and Apeiron Capital Sponsor, LLC,
a Delaware limited liability company (the &#8220;<B>Purchaser</B>&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">WHEREAS:</P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">The Company intends to consummate an initial public
offering of the Company&#8217;s units (the &#8220;<B>Public Offering</B>&#8221;), each unit consisting of one share of Class&nbsp;A common
stock of the Company, par value $0.0001 per share (each, a &#8220;<B>Share</B>&#8221;), and one-half of one redeemable warrant;</P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Each whole warrant entitles the holder to purchase
one Share at an exercise price of $11.50 per Share; and</P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">The Purchaser has agreed to purchase an aggregate
of 7,000,000 warrants (or up to 7,450,000 warrants to the extent the underwriters&#8217; over- allotment option is exercised) (the &#8220;<B>Private
Placement Warrants</B>&#8221;), each Private Placement Warrant entitling the holder to purchase one Share at an exercise price of $11.50
per Share.</P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">NOW THEREFORE, in consideration of the mutual promises
contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties to this Agreement hereby, intending legally to be bound, agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>AGREEMENT</U></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Section&nbsp;1. Authorization, Purchase and Sale; Terms of the Private
Placement Warrants.</B></P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.5in">A.&#8239;&#8239;&#8239; <U>Authorization
of the Private Placement Warrants</U>. The Company has duly authorized the issuance and sale of the Private Placement Warrants to the
Purchaser.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.5in">B.&#8239;&#8239;&#8239; <U>Purchase
and Sale of the Private Placement Warrants</U>.</P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(i)&#8239;&#8239;&#8239;Simultaneously with the
consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the &#8220;<B>Initial
Closing Date</B>&#8221;), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, an aggregate
of 7,000,000 Private Placement Warrants at a price of $1.00 per warrant for an aggregate purchase price of $7,000,000 (the &#8220;<B>Purchase
Price</B>&#8221;). Purchaser shall pay the Purchase Price by wire transfer of immediately available funds to the trust account (the &#8220;<B>Trust
Account</B>&#8221;) maintained by Continental Stock Transfer&nbsp;&amp; Trust Company, acting as trustee (&#8221;<B>Continental</B>&#8221;),
at least one (1)&nbsp;business day prior to the date of effectiveness (the &#8220;<B>Effective Date</B>&#8221;) of the registration statement
relating to the Public Offering (the &#8220;<B>Registration Statement</B>&#8221;). On the Initial Closing Date, upon the payment by the
Purchaser of the Purchase Price, the Company, at its option, shall deliver a certificate evidencing the Private Placement Warrants purchased
on such date duly registered in the Purchaser&#8217;s name to the Purchaser or effect such delivery in book-entry form.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; mar