Item 1.01. Entry into a Material Definitive Agreement.

As previously disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") by Better World Acquisition Corp. (the "Company"), on November 16, 2021, the Company issued a promissory note (the "Note") in the principal amount of $1,261,860 to the Company' sponsor, BWA Holdings LLC (the "Sponsor").

On February 17, 2022, the Company amended and restated the Note (the "Amended Note") in its entirety solely to increase the principal amount thereunder from $1,261,860 to $2,523,720.

The foregoing description is qualified in its entirety by reference to the Amended Note, a copy of which is attached as Exhibit 10.1 hereto and is incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The disclosure contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.




Item 8.01. Other Events.

On February 18, 2022, the Company issued a press release announcing that the Sponsor had deposited an additional $1,261,860 (representing $0.10 per public share) into the Company's trust account for its public stockholders. This deposit enables the Company to extend the date by which the Company has to complete its initial business combination from February 17, 2022 to May 17, 2022 (the "Extension"). The Extension is the second of two three-month extensions permitted under the Company's governing documents and provides the Company with additional time to complete its initial business combination.

A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.





 (d) Exhibits




Exhibit
Number    Title
10.1        Amended and Promissory Note, dated February 17, 2022
99.1        Press Release, dated February 18, 2022
104       Cover Page Interactive Data File (embedded within the Inline XBRL document)




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