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Fast Radius, Inc. – ‘S-4/A’ on 1/7/22 – ‘EX-10.25’

On:  Friday, 1/7/22, at 9:16pm ET   ·   As of:  1/10/22   ·   Accession #:  1193125-22-4697   ·   File #:  333-259335

Previous ‘S-4’:  ‘S-4/A’ on 12/27/21   ·   Latest ‘S-4’:  This Filing   ·   15 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/10/22  ECP Environmental Growth Op… Corp S-4/A       1/07/22   61:22M                                    Donnelley … Solutions/FA

Pre-Effective Amendment to Registration Statement – Securities for a Merger   —   Form S-4   —   SA’33

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-4/A       Pre-Effective Amendment to Registration Statement   HTML   4.81M 
                - Securities for a Merger                                        
 2: EX-5.1      Opinion of Counsel re: Legality                     HTML     26K 
 3: EX-8.1      Opinion of Counsel re: Tax Matters                  HTML     25K 
 4: EX-10.20    Material Contract                                   HTML     66K 
 5: EX-10.24    Material Contract                                   HTML     96K 
 6: EX-10.25    Material Contract                                   HTML     26K 
 7: EX-23.1     Consent of Expert or Counsel                        HTML     19K 
 8: EX-23.2     Consent of Expert or Counsel                        HTML     18K 
 9: EX-99.1     Miscellaneous Exhibit                               HTML     28K 
15: R1          Cover Page                                          HTML     34K 
16: R2          Condensed Consolidated Balance Sheets               HTML     98K 
17: R3          Condensed Consolidated Balance Sheets               HTML     47K 
                (Parenthetical)                                                  
18: R4          Condensed Consolidated Statements of Operations     HTML     57K 
19: R5          Condensed Consolidated Statements of Operations     HTML     21K 
                (Parenthetical)                                                  
20: R6          Condensed Consolidated Statements of Changes in     HTML     57K 
                Stockholders' (Deficit) Equity                                   
21: R7          Condensed Consolidated Statements of Changes in     HTML     24K 
                Stockholders' (Deficit) Equity (Parenthetical)                   
22: R8          Condensed Consolidated Statement of Cash Flows      HTML     98K 
23: R9          Description of Organization and Business            HTML     78K 
                Operations                                                       
24: R10         Summary of Significant Accounting Policies          HTML     98K 
25: R11         Restatement of Previously Issued Consolidated       HTML    143K 
                Financial Statements                                             
26: R12         Proposed Public Offering                            HTML     22K 
27: R13         Initial Public Offering                             HTML     24K 
28: R14         Private Placement                                   HTML     23K 
29: R15         Related Party Transactions                          HTML     42K 
30: R16         Commitments & Contingencies                         HTML     46K 
31: R17         Warrant Liabilities                                 HTML     41K 
32: R18         Stockholders' Deficit                               HTML     52K 
33: R19         Fair Value Measurements                             HTML     76K 
34: R20         Subsequent Events                                   HTML     37K 
35: R21         Summary of Significant Accounting Policies          HTML    134K 
                (Policies)                                                       
36: R22         Restatement of Previously Issued Consolidated       HTML    140K 
                Financial Statements (Tables)                                    
37: R23         Summary of Significant Accounting Policies          HTML     49K 
                (Tables)                                                         
38: R24         Fair Value Measurements (Tables)                    HTML     77K 
39: R25         Description of Organization and Business of         HTML    161K 
                Operations - Additional Information (Details)                    
40: R26         Restatement of Previously Issued Consolidated       HTML    113K 
                Financial Statements - Summary of Impact of                      
                Restatement on Consolidated Financial Statement                  
                (Details)                                                        
41: R27         Restatement of Previously Issued Consolidated       HTML     24K 
                Financial Statements - Summary of Impact of                      
                Restatement on Consolidated Financial Statement                  
                (Parenthetical) (Details)                                        
42: R28         Restatement of Previously Issued Consolidated       HTML     42K 
                Financial Statements - Additional Information                    
                (Details)                                                        
43: R29         Summary of Significant Accounting Policies -        HTML     41K 
                Reconciliation of Earnings Per Share (Details)                   
44: R30         Summary of Significant Accounting Policies -        HTML     52K 
                Additional Information (Details)                                 
45: R31         Proposed Public Offering - Additional Information   HTML     36K 
                (Details)                                                        
46: R32         Initial Public Offering - Additional Information    HTML     51K 
                (Details)                                                        
47: R33         Private Placement - Additional Information          HTML     33K 
                (Details)                                                        
48: R34         Related Party Transactions - Additional             HTML     99K 
                Information (Details)                                            
49: R35         Commitments & Contingencies - Additional            HTML     91K 
                Information (Details)                                            
50: R36         Warrant Liabilities - Additional Information        HTML     68K 
                (Details)                                                        
51: R37         Stockholders' Deficit - Additional Information      HTML    118K 
                (Details)                                                        
52: R38         Fair Value Measurements - Schedule of Assets        HTML     25K 
                Measured at Fair Value on Recurring Basis                        
                (Details)                                                        
53: R39         Fair Value Measurements - Schedule of Liabilities   HTML     38K 
                Measured at Fair Value on Recurring Basis                        
                (Details)                                                        
54: R40         Fair Value Measurements - Additional Information    HTML     23K 
                (Details)                                                        
55: R41         Fair Value Measurements - Summary of Changes in     HTML     37K 
                Fair Value of Warrants (Details)                                 
56: R42         Subsequent Events - Additional Information          HTML     89K 
                (Details)                                                        
59: XML         IDEA XML File -- Filing Summary                      XML    102K 
57: XML         XBRL Instance -- d182329ds4a_htm                     XML   1.56M 
58: EXCEL       IDEA Workbook of Financial Reports                  XLSX     90K 
11: EX-101.CAL  XBRL Calculations -- ennv-20210930_cal               XML     80K 
12: EX-101.DEF  XBRL Definitions -- ennv-20210930_def                XML    731K 
13: EX-101.LAB  XBRL Labels -- ennv-20210930_lab                     XML    929K 
14: EX-101.PRE  XBRL Presentations -- ennv-20210930_pre              XML    840K 
10: EX-101.SCH  XBRL Schema -- ennv-20210930                         XSD    178K 
60: JSON        XBRL Instance as JSON Data -- MetaLinks              260±   395K 
61: ZIP         XBRL Zipped Folder -- 0001193125-22-004697-xbrl      Zip   3.13M 


‘EX-10.25’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  EX-10.25  

Exhibit 10.25

December 31, 2021

Fast Radius, Inc.

113 N. May St.

Chicago, IL 60607

ECP Environmental Growth Opportunities Corp.

40 Beechwood Road

Summit, New Jersey 07901

Re: Letter Agreement

Ladies and Gentlemen:

Reference is made to (i) that certain Agreement and Plan of Merger, dated as of July 18, 2021, by and among ECP Environmental Growth Opportunities Corp., a Delaware corporation (“ENNV”), ENNV Merger Sub, Inc., a Delaware corporation (“Merger Sub”), and Fast Radius, Inc., a Delaware corporation (the “Company”), as amended by that certain Amendment to Agreement and Plan of Merger, dated as of December 26, 2021 (as so amendment, the “Merger Agreement”), pursuant to which Merger Sub will merge with and into the Company, with the Company surviving such merger as a wholly owned subsidiary of ENNV (the “Merger”), and (ii) that certain Company Support Agreement, dated as of July 18, 2021, by and among ENNV, the Company and the stockholders of the Company party thereto (the “Company Support Agreement”). Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms in the Merger Agreement.

For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

 

  1.

Prior to the Closing, the undersigned stockholders of the Company (each, a “Founder” and collectively, the “Founders”) are expressly permitted to transfer shares of Company Common Stock in an aggregate amount not to exceed 0.75% of the Aggregate Fully Diluted Company Stock (collectively, the “Donated Shares”) to one or more donor-advised funds managed by Dechomai Foundation, Inc. (the “Donation”). Accordingly, ENNV hereby consents to the Donation and hereby agrees that upon and following the consummation of the Donation, the Donated Shares shall no longer be deemed to be Owned Shares (as defined in the Company Support Agreement) or Covered Shares (as defined in the Company Support Agreement).

 

  2.

The Founders and the Company are expressly permitted to settle the Rassey Recourse Note, McCusker Recourse Note, Nanry Recourse Note and King Recourse Note (as such terms are defined in the Company Disclosure Letter) prior to the Closing through the surrender of shares of Company Common Stock (collectively, the “Repayment Shares”) by each Founder to the Company in


  accordance with the terms of such notes (the “Note Repayment”), which such shares shall be cancelled upon surrender. Accordingly, ENNV hereby consents to the Note Repayment and hereby agrees that upon and following the consummation of the Note Repayment, the Repayment Shares shall no longer be deemed to be Owned Shares (as defined in the Company Support Agreement) or Covered Shares (as defined in the Company Support Agreement).

 

  3.

Except as expressly amended by this letter agreement, each term, provision and schedule of the Company Support Agreement is hereby ratified and confirmed and remains in full force and effect. This letter agreement may not be amended except by an instrument in writing signed by the parties hereto.

 

  4.

The provisions of Article XII of the Merger Agreement shall apply mutatis mutandis to this letter agreement.

[Signature pages follow]

 

2


Acknowledged and Agreed:
Fast Radius, Inc.
By:   /s/ Lou Rassey
Name:   Lou Rassey
Title:   Chief Executive Officer
ECP Environmental Growth Opportunities Corp.
By:   /s/ Tyler Reeder
Name:   Tyler Reeder
Title:   President and Chief Executive Officer

[Signature Page to Letter Agreement]

 

3


FOUNDERS:
  /s/ Louis Rassey
  Louis Rassey
  /s/ Patrick McCusker
  Patrick McCusker
  /s/ Bill King
  Bill King
  /s/ John Nanry
  John Nanry

[Signature Page to Letter Agreement]

 

4


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘S-4/A’ Filing    Date    Other Filings
Filed as of:1/10/22
Filed on:1/7/22CORRESP
12/31/2110-K,  NT 10-K
12/26/218-K
7/18/21
 List all Filings 


7 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/23/22  Fast Radius, Inc.                 S-1                  107:21M                                    Donnelley … Solutions/FA
 7/18/22  Fast Radius, Inc.                 S-1/A       7/15/22    2:4.9M                                   Donnelley … Solutions/FA
 6/24/22  Fast Radius, Inc.                 S-1/A                100:20M                                    Donnelley … Solutions/FA
 6/03/22  Fast Radius, Inc.                 S-1/A                101:20M                                    Donnelley … Solutions/FA
 4/21/22  Fast Radius, Inc.                 S-1                  109:24M                                    Donnelley … Solutions/FA
 4/15/22  Fast Radius, Inc.                 10-K       12/31/21   61:11M                                    Donnelley … Solutions/FA
 2/10/22  Fast Radius, Inc.                 8-K:1,2,3,5 2/04/22   19:1.4M                                   Donnelley … Solutions/FA


8 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/27/21  Fast Radius, Inc.                 8-K:1,9    12/26/21   12:285K                                   Donnelley … Solutions/FA
12/20/21  Fast Radius, Inc.                 S-4/A      12/17/21   59:20M                                    Donnelley … Solutions/FA
11/26/21  Fast Radius, Inc.                 S-4/A      11/24/21   57:20M                                    Donnelley … Solutions/FA
10/08/21  Fast Radius, Inc.                 S-4/A                  4:8.3M                                   Donnelley … Solutions/FA
 9/03/21  Fast Radius, Inc.                 S-4                   54:19M                                    Donnelley … Solutions/FA
 2/12/21  Fast Radius, Inc.                 8-K:1,3,5,8 2/08/21   19:2.3M                                   ActiveDisclosure/FA
 1/28/21  Fast Radius, Inc.                 S-1/A                  9:2.5M                                   ActiveDisclosure/FA
 1/15/21  Fast Radius, Inc.                 S-1                    9:2.3M                                   ActiveDisclosure/FA
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Filing Submission 0001193125-22-004697   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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