Exhibit 4.5


 


	NUMBER	RIGHTS


 


______R


 


KBL
MERGER CORP. IV


 


INCORPORATED
UNDER THE LAWS OF DELAWARE


 


RIGHT


 


SEE
REVERSE FOR


CERTAIN
DEFINITIONS


 


CUSIP
48242A 120


 


THIS
CERTIFIES THAT, for value received


 


is
the registered holder of a right or rights (the “Right” or “Rights,” respectively) to receive one-tenth
of one share of Class A common stock, par value $.0001 per share (“Common Stock”), of KBL MERGER CORP. IV (the “Company”)
for each Right evidenced by this Right Certificate on the Company’s completion of an initial business combination (as defined
in the prospectus relating to the Company’s initial public offering (“Prospectus”)) upon surrender of this Right
Certificate pursuant to the Rights Agreement (the “Rights Agreement”) between the Company and Continental Stock Transfer
& Trust Company (the “Rights Agent”). In no event will the Company be required to net cash settle any Right.


 


Upon
liquidation of the Company in the event an initial business combination is not consummated during the required period as identified
in the Company’s Amended and Restated Certificate of Incorporation, as the same may be amended from time to time, the Right(s)
shall expire and be worthless. The holder of a Right or Rights shall have no right or interest of any kind in the Company’s
trust account (as defined in the Prospectus).


 


Upon
due presentment for registration of transfer of the Right Certificate at the office or agency of the Rights Agent a new Right
Certificate or Right Certificates of like tenor and evidencing in the aggregate a like number of Rights shall be issued to the
transferee in exchange for this Right Certificate, without charge except for any applicable tax or other governmental charge.


 


The
Company and the Rights Agent may deem and treat the registered holder as the absolute owner of this Right Certificate (notwithstanding
any notation of ownership or other writing hereon made by anyone), for the purpose of any conversion hereof, of any distribution
to the registered holder, and for all other purposes, and neither the Company nor the Rights Agent shall be affected by any notice
to the contrary.


 


Holders
of a Right or Rights are not entitled to any of the rights of a stockholder of the Company.


 


Dated:


 


 


	Secretary	 	 	 	[Corporate
        Seal]

        Delaware
	 	Chairman
    of the Board


 


The
following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:


 


	TEN
    COM –	as
    tenants in common	 	UNIF
    GIFT MIN ACT - _____ Custodian ______
	TEN ENT –	as tenants
    by the entireties	 	                                    (Cust)                   
    (Minor)
	JT TEN –	as joint tenants
    with right of survivorship	 	                                    under
    Uniform Gifts to Minors
	 	and not as
    tenants in common	 	                                    Act
______________
	 	 	 	                                                   (State)


 






     

     


    

 


Additional
Abbreviations may also be used though not in the above list.


KBL
MERGER CORP. IV


 


The
Company will furnish without charge to each shareholder who so requests the powers, designations, preferences and relative, participating,
optional or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations,
or restrictions of such preferences and/or rights. This certificate and the rights represented thereby are issued and shall be
held subject to all the provisions of the Rights Agreement, and all amendments thereto, to all of which the holder of this certificate
by acceptance hereof assents.


 


For
value received, ___________________________ hereby sell, assign and transfer unto


 


PLEASE
INSERT SOCIAL SECURITY OR OTHER


IDENTIFYING
NUMBER OF ASSIGNEE


 


	

        


         
	 


 


 


	(PLEASE
    PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
	 
	 
	 
	 


Rights
represented by the within Certificate, and do hereby irrevocably constitute and appoint


_____________________________________________________________________
Attorney to transfer the said Rights on the
books of the within named Company will full power of substitution in the premises.


 


Dated
                        


 


	 	Notice:  	The
    signature to this assignment must correspond with the name as written upon the face of the certificate in every particular,
    without alteration or enlargement or any change whatever.


 


Signature(s)
Guaranteed:


 


 


	THE
    SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS
    AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15).