Waiver of Transfer Restrictions, dated February 15, 2022, by HumanCo Acquisition Corp. and Continental Stock Transfer & Trust Company

Contract Categories: Business Finance - Stock Agreements
EX-10.3 4 brhc10034171_ex10-3.htm EXHIBIT 10.3
Exhibit 10.3
 
WAIVER OF TRANSFER RESTRICTIONS
 
February 15, 2022
 
Reference is made to that certain Warrant Agreement, dated as of December 8, 2020, by and among HumanCo Acquisition Corp., a Delaware corporation (the “Company”) and Continental Stock Transfer & Trust Company.
 
In connection with those certain Warrant Purchase Agreements, dated as of February 15, 2022, by and among HumanCo Acquisition Holdings, LLC (the “Sponsor”) and BlackRock Credit Alpha Master Fund L.P., HC NCBR Fund and The Obsidian Master Fund (collectively, the “Investors”), the Sponsor intends to sell to the Investors, and the Investors intend to purchase from the Sponsor (the “Transfer”), 2,005,243 of the warrants the Sponsor purchased in a private placement that closed simultaneously with the Company’s initial public offering (the “Private Placement Warrants”). The Private Placement Warrants are subject to certain transfer restrictions under Section 2.6 of the Warrant Agreement.
 
The Company hereby waives the transfer restrictions and requirements of Section 2.6 of the Warrant Agreement with respect to the Transfer, and the Transfer is hereby expressly permitted.
 
[Signature pages follow]
 

IN WITNESS WHEREOF, the undersigned has executed this Waiver of Transfer Restrictions, effective as of the date first written above.
 
   
HUMANCO ACQUISITION CORP.
       
   
By:
/s/ Amy Zipper
   
Name:
Amy Zipper
   
Title:
Chief Operating Officer
       
Acknowledged and agreed:
   
     
CONTINENTAL STOCK TRANSFER
   
& TRUST COMPANY
   
       
By:
/s/ Douglas Reed
   
Name:
Douglas Reed    
Title: 
Vice President    


[Signature Page to Waiver of Transfer Restrictions]