Document:

Exhibit 10.4

 

STOCKHOLDERS AGREEMENT

 

This Stockholders Agreement
(this “Agreement”) is made as of December 27, 2021, by and among CompoSecure, Inc., a Delaware corporation
formerly known as Roman DBDR Tech Acquisition Corp. (the “Company”), and the individuals and entities signatory hereto
identified on the signature pages hereto as Stockholders (each, a “Stockholder” and collectively, the “Stockholders”)
(each Stockholder to this Agreement is referred to singly as a “Voting Party” and collectively as the “Voting
Parties”).

 

RECITALS

 

WHEREAS, the Company,
Roman Parent Merger Sub, LLC, a Delaware limited liability company and direct wholly owned subsidiary of the Company (“Merger
Sub”), CompoSecure Holdings, L.L.C., a Delaware limited liability company (“CompoSecure”), and LLR Equity
Partners IV, L.P., a Delaware limited partnership, have entered into an Agreement and Plan of Merger, dated April 19, 2021 (as the
same may be amended from time to time, the “Merger Agreement”), pursuant to which Merger Sub will be merged with and
into CompoSecure with CompoSecure continuing as the surviving entity and a direct wholly owned subsidiary of the Company (the “Merger”);

 

WHEREAS, in connection
with, and as a condition to the closing of, the Merger, the Company and the Voting Parties have agreed to execute and deliver this Agreement;

 

WHEREAS, as of or immediately
following the closing of the Merger, the Voting Parties Beneficially Own (as defined below) shares of Class A Common Stock, par value
$0.0001 per share, and Class B Common Stock, par value $0.0001 per share, of the Company (the Class A Common Stock and Class B
Common Stock, together, the “Common Stock”);

 

WHEREAS, pursuant to
the Second Amended and Restated Certificate of Incorporation of the Company (as amended, supplemented or restated from time to time, the
 “Charter”), the holders of the Class A Common Stock and the Class B Common Stock shall be entitled to one
vote for each such share, and all holders of Common Stock shall vote together as one class on all matters submitted to a vote of the stockholders
of the Company;

 

WHEREAS, the Voting
Parties in the aggregate Beneficially Own shares of Common Stock representing more than fifty percent (50%) of the outstanding voting
power of the Company; the number of shares of Common Stock Beneficially
Owned by each Voting Party as of the date hereof is set forth on Annex A hereto;

 

WHEREAS, the number
of shares of Common Stock Beneficially Owned by each Voting Party may change from time to time, which changes shall be reported by each
Voting Party in accordance with the applicable provisions of the Securities Exchange Act of 1934, as amended (the “Exchange Act”);
and

 

WHEREAS, the parties
hereto desire to enter into this Agreement to (a) provide for voting agreements pursuant to which all of the Voting Parties’
shares of Common Stock will be voted together with respect to elections of the Company’s Board of Directors (the “Board”)
and (b) agree to the Lock-Up Period (as defined below).

 

    	 		 

     

    

 

NOW THEREFORE, in consideration
of the foregoing and of the promises and covenants contained herein, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

 

AGREEMENT

 

1.              Definitions.
Capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Merger Agreement.

 

2.              Agreement
to Vote. During the term of this Agreement, each Voting Party shall vote or cause to be voted all shares of Common Stock registered
in the name of, or beneficially owned (as such term is defined in Rule 13d-3 under the Exchange Act, including by the exercise or
conversion of any security exercisable or convertible for shares of Common Stock, but excluding shares of stock underlying unexercised
options or warrants) (“Beneficially Owned” or “Beneficial Ownership”) by, such Voting Party, including
any and all securities of the Company acquired and held in such capacity subsequent to the date hereof (hereinafter referred to as the
 “Voting Shares”), in accordance with the provisions of this Agreement, whether at a regular or special meeting of the
Company’s stockholders or any class or series of the Company’s stockholders or by written consent (unless such vote would
be inconsistent with such Voting Party’s fiduciary duties under applicable law).

 

3.              Election
of Boards of Directors.

 

(a)            Voting.
During the term of this Agreement, to the extent permitted by the Charter, each Voting Party shall vote (or consent pursuant to an action
by written consent of Company stockholders) all Voting Shares held by such Voting Party in such manner as may be necessary to elect and/or
maintain in office as members of the Board the following seven (7) persons (the “Designees” and each a “Designee”):

 

(i)             the
Chief Executive Officer of the Company;

 

(ii)            one
(1) person designated by LLR Equity Partners IV, L.P. (“LLR”) or its Affiliate, who shall serve as the chair of
the Board (the “LLR Designee”);

 

(iii)           one
(1) person designated by Roman DBDR Tech Sponsor LLC (the “Sponsor”) or its Affiliate (the “Sponsor Designee”);

 

(iv)           one
(1) person designated by Michele D. Logan (“Logan” and the designee, the “Logan Designee”);
and

 

(v)            three
(3) persons that each qualify as an “independent director” under the Exchange Act and the rules of Nasdaq (the “Independent
Directors”), as mutually agreed upon by Logan, LLR and the Sponsor and designated by the Company’s nominating committee;

 

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provided, however,
that if at any time during the term of this Agreement any of (1) the Sponsor and its Affiliates, (2) LLR and its Affiliates,
or (3) Logan and her Affiliates, as applicable, collectively Beneficially Own Voting Shares that represent less than 2.5% of the
outstanding shares of Common Stock, then such Person shall have no right to (I) designate any person for election or re-election
to the Board and such position may be replaced with an additional Independent Director and (II) agree on any Independent Director;
provided, further, that no party that has a right to designate a Designee shall select a Designee that is subject to any
disqualification event under Rule 506(d)(1) under the Securities Act of 1933, as amended (the “Securities Act”),
as modified by Rule 506(d)(2) and (d)(3) (or any other similar rule or regulation). If a Designee is not appointed
or elected to the Board because of such person’s death, disability, disqualification, withdrawal as a nominee or for other reasons
is unavailable or unable to be a director nominee, the party having the right to designate such Designee pursuant to this Section 3(a) shall
be entitled to designate another Designee (and the Company and the Voting Parties shall use their reasonable best efforts to ensure that
such directorship for which the original designee was designated shall not be filled pending such successor designation). The initial
Board shall be divided into three classes as follows:

 

(x) Class I: the
Chief Executive Officer and one Independent Director;

 

(y) Class II: the
Logan Designee and one Independent Director; and

 

(z) Class III: the
LLR Designee, one Independent director and the Sponsor Designee.

 

(b)            Procedures;
Rights. Subject to the limitations set forth in Section 3(a) hereof and unless otherwise provided for pursuant to
this Section 3(b), each party that has the right to designate a Designee pursuant to Section 3(a)(ii), (iii) and (iv) (each,
a “Designor”) shall designate the Designees as set forth in the proxy statement, dated as of November 30, 2021,
on Schedule 14A for the duration of this Agreement (the “Proxy Statement”). To the extent that a Designor wishes to
designate a Designee other than the Designee so designated in the Proxy Statement, such Designor shall notify the Company in writing (a
 “Designee Notice”) of the person or persons that are to be a Designee(s) in accordance with this Section 3(b).
All Designee Notices shall be provided (i) in the case of an annual meeting of Company stockholders, not later than the close of
business on the 75th day before the anniversary date of the immediately preceding annual meeting of Company stockholders;
provided, however, that in the event that the annual meeting is called for a date that is not within 45 days before
or after such anniversary date, a Designee Notice shall be timely delivered if received not later than the later of (x) the close
of business on the 75th day before the meeting or (y) the close of business on the 10th day following the day on which public announcement
of the date of the annual meeting was first made by the Company; and (ii) in
the case of a special meeting of Company stockholders called for the purpose of electing directors, not later than the close of business
on the 10th day following the day on which public announcement of the date of the special meeting is first made by the Company (as applicable,
the “Designation Date”). The applicable Designor shall provide a copy of such Designee Notice to all other parties
hereto at the respective addresses set forth on Annex A or at such other address as a party may specify in writing. Annually
with respect to each Designee, each Designor must provide the following information prior to the Designation Date: (A) the name,
age, business address and residence address of the person, (B) the principal occupation or employment of the Designee, (C) the
class or series and number of shares of capital stock of the Company that are Beneficially Owned or owned of record by the Designee and
(D) any other information relating to the Designee that would be required to be disclosed in a proxy statement or other filings required
to be made in connection with solicitations of proxies for election of directors pursuant to Section 14 of the Exchange Act and the
rules and regulations promulgated thereunder; provided, however,
that the Company shall provide notice to a Designor of any failure to provide the information required under this sentence, and such Designor
shall have 10 days upon receipt of notice of such deficiency to cure such failure. So long as a Designee is designated in accordance with
the procedures and requirements set forth in Sections 3(a) and 3(b), the Company shall ensure that (x) such Designee is
included in the Board’s slate of nominees to the stockholders for the applicable election of directors and (y) such Designee
is included in the proxy statement prepared by the management of the Company in connection with the solicitation of proxies for the applicable
meeting of the stockholders of the Company called with respect to the election of the members of the Board, and at every adjournment or
postponement thereof, and on any applicable action or approval by written consent of the stockholders of the Company or the Board with
respect to the election of members of the Board.

 

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(c)            Obligations;
Vacancies; Removal. The obligations of the Voting Parties pursuant to this Section 3 shall include any stockholder vote
to amend the Charter and bylaws of the Company as required to effect the intent of this Agreement. Each of the Company and the Voting
Parties shall not take any actions that would adversely affect the provisions of this Agreement and the intention of the parties with
respect to the composition of the Board as herein stated. In the event any director elected pursuant to the terms hereof ceases to serve
as a member of the Board, each of the Company and the Voting Parties, in their capacity as Company stockholders, shall take all such action
as is reasonable and necessary to promptly cause the election or appointment of such other substitute person to the Board as may be designated
on the terms provided herein. For the avoidance of doubt, if a Designee ceases to serve as a member of the Board prior to the expiration
of such Designee’s term, then the Designor having the right to designate such Designee shall be entitled to designate another Designee,
it being understood that any such designee shall serve the remainder of the term of the director whom such designee replaces (unless duly
removed in accordance with the Charter). Upon the written request of a Designor to remove its Designee, each Voting Party shall vote or
cause to be voted his, her or its Voting Shares for the removal of such director. Nothing in this Section 3(c) will be construed
to prohibit, limit or restrict an officer or director from exercising his or her fiduciary duties as an officer or director to the Company
or its stockholders.

 

4.              Lock-Up.

 

(a)            From
the date hereof until the date that is 180 days following the date hereof (the “Lock-Up Period”), none of the undersigned
Voting Parties shall (i) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option, right or warrant
to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, or establish or increase a put equivalent position
or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Exchange Act and the rules and regulations
of the Securities and Exchange Commission (the “Commission”) promulgated thereunder with respect to the Voting Shares
(including pursuant to Rule 144 or by means of a private placement), (ii) enter into any swap or other arrangement that transfers
to another, in whole or in part, any of the economic consequences of ownership of any of the Voting Shares, whether any such transaction
is to be settled by delivery of Voting Shares or other securities, in cash or otherwise (each of the transactions identified in the immediately
preceding clauses (i) and (ii), a “Transfer”), or (iii) publicly announce any intention to effect any
Transfer; provided, however, that (A) the Independent Directors may, acting by majority vote, waive the Lock-Up Period;
provided, that any such waiver shall be made solely on a pro rata basis with respect to the all of the undersigned Voting Parties and
(B) for the avoidance of doubt, nothing in this Section 4 shall restrict any Voting Party's right to cause the Company to file
and cause to become effective a registration statement with the Commission naming such Voting Party as a selling securityholder (and to
make any required disclosures on Schedule 13D in respect thereof).

 

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(b)            Notwithstanding
the provisions contained in Section 4(a) hereof, each of the undersigned Voting Parties may transfer Voting Shares during the
Lock-Up Period (i) to a transferee if consented to in advance by the written consent of the other Voting Parties, (ii) in the
event of a liquidation, merger, stock exchange or other similar transaction which results in all of the Company’s stockholders having
the right to exchange their shares of Common Stock for cash, securities or other property, (iii) in the event of a consolidation,
merger or other similar transaction in which the Company is the surviving entity that results in the directors and officers of the Company
ceasing to comprise a majority of the Company’s board of directors (in the case of directors) or management (in the case of officers)
of the surviving entity, or (iv) if such Voting Shares are shares of Class B Common Stock, in connection with an exchange in
accordance with the Exchange Agreement ; provided, however,
that, in the case of clause (i), prior to such transfer, the transferee shall have entered into a written agreement of the type contemplated
by Section 5. In addition, Section 4(a) shall not prevent the Voting Parties from exercising their right to cause the Company
to register shares in accordance with the Registration Rights Agreement. In addition, for the avoidance of doubt, the Sponsor may transfer
Sponsor Shares (as defined in the Expense Cap and Waiver Agreement) to the Company in accordance with the terms of the Expense Cap and
Waiver Agreement.

 

(c)            Each
of the Voting Parties agree that the restrictions set forth in this Section 4 are fair and reasonable and in the best interests of
the Voting Parties.

 

(d)            The
restrictions in this Section 4 shall supersede the lock-up provisions contained in Section 7 of that certain Letter Agreement,
dated as of November 5, 2020, between the Company, Sponsor, and certain individuals associated with Sponsor, which provisions in
Section 7 of such Letter Agreement shall be deemed terminated and of no further force and effect so long as the “Representative”
under that certain Underwriting Agreement (the “Underwriting Agreement”), dated as of November 5, 2020, by and
among the Company and the underwriters thereto consents in writing to such termination pursuant to the terms of the Letter Agreement and
the Underwriting Agreement.

 

5.            Successors
in Interest of the Voting Parties and the Company. The provisions of this Agreement shall be binding upon the successors (a “Successor”)
in interest of any Voting Party with respect to any of such Voting Party’s Voting Shares that are Transferred other than as described
in the last sentence hereof . Each Voting Party shall not, and the Company shall not, permit the Transfer of any Voting Party’s
Voting Shares to a Successor unless and until such Successor shall have executed a written agreement pursuant to which such Successor
becomes a party to this Agreement and agrees to be bound by all the provisions hereof as if such Successor was a Voting Party hereunder.
This Section 5 shall not apply to any Transfer that is effected as (i) a broker’s transaction under Rule 144, (ii) pursuant
to an offering or distribution registered pursuant to the Securities Act, or (iii) a pro rata distribution by LLR and its Affiliates
to its partners.

 

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6.              Representations
and Warranties of each Voting Party. Each Voting Party on its own behalf hereby represents and warrants, severally and not jointly,
with respect to such Voting Party and such Voting Party’s ownership of his, her or its Voting Shares set forth on Annex A
as follows:

 

(a)            Organization;
Authority. If Voting Party is a legal entity, Voting Party (i) is duly incorporated or organized, validly existing and in good
standing under the laws of the jurisdiction of its incorporation or organization and (ii) has all requisite power and authority to
enter into this Agreement and to perform its obligations hereunder. If Voting Party is a natural person, Voting Party has the legal capacity
to enter into this Agreement and perform his or her obligations hereunder. If Voting Party is a legal entity, this Agreement has been
duly authorized, executed and delivered by Voting Party. This Agreement constitutes a valid and binding obligation of Voting Party enforceable
in accordance with its terms, except as enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or
similar laws affecting creditors’ rights generally and by general principles of equity (regardless of whether considered in a proceeding
in equity or at law).

 

(b)            No
Consent. Except as provided in this Agreement, no consent, approval or authorization of, or designation, declaration or filing with,
any Governmental Authority or other Person on the part of Voting Party is required in connection with the execution, delivery and performance
of this Agreement, other than those consents, approvals and authorizations that have been obtained by such Voting Party. If Voting Party
is a natural person, no consent of such Voting Party’s spouse is necessary under any “community property” or other laws
for the execution and delivery of this Agreement or the performance of Voting Party’s obligations hereunder. If Voting Party is
a trust, no consent of any beneficiary is required for the execution and delivery of this Agreement or the consummation of the transactions
contemplated hereby.

 

(c)            No
Conflicts. Neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated hereby, nor
compliance with the terms hereof, will (A) if such Voting Party is a legal entity, conflict with or violate any provision of the
organizational documents of Voting Party, or (B) violate, conflict with or result in a breach of, or constitute a default (with or
without notice or lapse of time or both) under any provision of, any trust agreement, loan or credit agreement, note, bond, mortgage,
indenture, lease or other agreement, instrument, permit, concession, franchise, license, judgment, order, notice, decree, statute, law,
ordinance, rule or regulation applicable to Voting Party or to Voting Party’s property or assets, except, in the case of clause (B),
that would not reasonably be expected to impair the parties ability to fulfill their obligations under this Agreement. There
is no Legal Proceeding pending or, to the Voting Party’s knowledge, threatened against the Voting Party that, if adversely decided
or resolved, would reasonably be expected to adversely affect the ability of the Voting Party to perform, or otherwise comply with, any
of its covenants, agreements or obligations under this Agreement in any material respect.

 

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(d)            Ownership
of Shares. Voting Party Beneficially Owns his, her or its Voting Shares free and clear of all Encumbrances. Except pursuant hereto
and pursuant to (i) the Amended and Restated Limited Liability Company Agreement of the Sponsor and (ii) the Amended and Restated
Limited Liability Company Agreement of CompoSecure (collectively, the “Other Agreements”), there are no options, warrants
or other rights, agreements, arrangements or commitments of any character to which Voting Party is a party relating to the pledge, acquisition,
disposition, Transfer or voting of Voting Shares and there are no voting trusts or voting agreements with respect to the Voting Shares.
Voting Party does not Beneficially Own (i) any shares of Common Stock other than the Voting Shares set forth on Annex A
and (ii) any options, warrants or other rights to acquire any additional shares of Common Stock or any security exercisable for or
convertible into shares of Common Stock, other than as set forth on Annex A (collectively, “Options”).

 

7.              Covenants
of the Company.

 

(a)            The
Company shall use its reasonable best efforts to take any and all action reasonably necessary to effect the provisions of this Agreement
and the intention of the parties with respect to the terms of this Agreement.

 

(b)            The
Company shall use its reasonable best efforts to (i) maintain in effect at all times customary directors insurance coverage and (ii) cause
the Company’s Charter and bylaws (each as may be further amended, modified or supplemented) to at all times provide for the indemnification,
exculpation and advancement of expenses of all directors to the fullest extent permitted under applicable law.

 

(c)            Simultaneously
with any person becoming a Designee, the Company shall execute and deliver to each such Designee, as applicable, an Indemnity Agreement
substantially in the form attached as Exhibit 10.7 to Amendment No. 1 to the Company’s Registration Statement on Form S-1
filed on October 19, 2020, dated the date such Designee becomes a director of the Company.

 

(d)            The
Company shall reimburse the Designees for all reasonable out-of-pocket expenses incurred by the Designees in connection with the performance
of his or her duties as a director and in connection with his or her attendance at any meeting of the Board and any committees thereof.

 

8.              Covenants
of the Voting Parties.

 

(a)            Each
Voting Party hereby covenants that, prior to effectuating any Transfer of Voting Shares (a “Proposed Transfer”) during
the period from the date hereof to the expiration of the Lock-Up Period, such Voting Party (any such Voting Party a “Transferring
Voting Party”) shall provide 5 Business Days’ written notice (a “Transfer Notice”) to the Company and
the other Voting Parties. Each such Transfer Notice shall specify the total number of Voting Shares which such Transferring Voting Party
seeks to Transfer pursuant to the Proposed Transfer and the identity of the proposed transferee. Each Voting Party further agrees that
any Transfer effected in accordance with the terms and conditions of this Agreement shall be effected in compliance with applicable Law
and, with respect to each Voting Party that is a member of the board of directors of the Company or an officer of the Company, the Company’s
Insider Trading Policy. The Company hereby covenants and agrees that it shall not instruct the transfer agent for the Common Stock to
effect any Transfers of Common Stock in violation of this Agreement. In the event of any Transfer of Voting Shares in accordance with
the terms of this Agreement, each Voting Party authorizes the Secretary of the Company to update Annex A accordingly.

 

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9.            No
Other Voting Trusts or Other Arrangement. Each Voting Party shall not, and shall not permit any entity under Voting Party’s
control to (i) deposit any Voting Shares or any interest in Voting Shares in a voting trust, voting agreement or similar agreement,
(ii) grant any proxies, consent or power of attorney or other authorization or consent with respect to the Voting Shares or (iii) subject
any of the Voting Shares to any arrangement with respect to the voting of the Voting Shares, in each case, that conflicts with or prevents
the implementation of this Agreement.

 

10.            Additional
Shares. Each Voting Party agrees that all securities of the Company that may vote in the election of the Company’s directors
that such Voting Party purchases, acquires the right to vote or otherwise acquires Beneficial Ownership of (including by the exercise
or conversion of any security exercisable or convertible for shares of Common Stock) after the execution of this Agreement shall be subject
to the terms of this Agreement and shall constitute Voting Shares for all purposes of this Agreement.

 

11.            No
Agreement as Director or Officer. Voting Party is signing this Agreement solely in his, her or its capacity as a stockholder of the
Company. No Voting Party makes any agreement or understanding in this Agreement in such Voting Party’s capacity as a director or
officer of the Company or any of its Subsidiaries (if Voting Party holds such office). Nothing in this Agreement will limit or affect
any actions or omissions taken by a Voting Party in his, her or its capacity as a director or officer of the Company, and no actions or
omissions taken in such Voting Party’s capacity as a director or officer shall be deemed a breach of this Agreement. Nothing in
this Agreement will be construed to prohibit, limit or restrict a Voting Party from exercising his or her fiduciary duties as an officer
or director to the Company or its stockholders.

 

12.            Specific
Enforcement. It is agreed and understood that monetary damages would not adequately compensate an injured party for the breach of
this Agreement by any party hereto and, accordingly, that this Agreement shall be specifically enforceable, in addition to any other remedy
to which such injured party is entitled at law or in equity, and that any breach of this Agreement shall be the proper subject of a temporary
or permanent injunction or restraining order. Further, each party hereto waives any claim or defense that there is an adequate remedy
at law for such breach or threatened breach or an award of specific performance is not an appropriate remedy for any reason at law or
equity and agrees that a party’s rights would be materially and adversely affected if the obligations of the other parties under
this Agreement were not carried out in accordance with the terms and conditions hereof. Each party further agrees that no party shall
be required to obtain, furnish or post any bond or similar instrument in connection with or as a condition to obtain any remedy referred
to in this Section 12, and each party irrevocably waives any right it may have to require the obtaining, furnishing or posting of
any such bond or similar instrument.

 

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13.            Termination.

 

(a)            This
Agreement shall terminate on the earlier of (i) the date on which no person designated pursuant to Section 3 hereof (or a successor
thereto) serves as a director of the Board; and (ii) the date on which the Company files a voluntary petition in bankruptcy
or is adjudicated bankruptcy or insolvent, or files any petition or answer or consent seeking any reorganization, arrangement, composition,
readjustment, liquidation, dissolution or similar relief for itself under the United States Bankruptcy Reform Act of 1978, as amended,
or any similar law under all applicable jurisdictions.

 

(b)            This
Agreement shall terminate as to any Voting Party at such time as such Voting Party ceases to own or otherwise hold the power to direct
the vote of any Voting Shares.

 

(c)            Upon
termination of this Agreement, none of the Voting Parties shall have any further obligation or liability hereunder. This provision shall
survive termination of this Agreement.

 

(d)            For
the avoidance of doubt, on and after the termination of this Agreement, a Voting Party that is a party to one or more Other Agreements
shall continue to be bound by such Other Agreements in accordance with their respective terms.

 

14.            Amendments
and Waivers. Any provision of this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and
is signed by the Company and the Voting Parties. No failure or delay by any party in exercising any right, power or privilege hereunder
shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the
exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any
rights or remedies provided by law.

 

15.            Stock
Splits, Stock Dividends, etc. In the event of any stock split, stock dividend, recapitalization, reorganization or the like,
any securities issued with respect to Voting Shares held by Voting Parties shall become Voting Shares for purposes of this Agreement.
For the avoidance of doubt, during the term of this Agreement, all dividends and distributions payable in cash with respect to the Class A
Common Stock shall be paid, as applicable, to each of the undersigned Voting Parties holding shares of Class A Common Stock and all
dividends and distributions payable in Common Stock or other equity or securities convertible into equity with respect to the Voting Shares
shall be paid, as applicable, to each of the undersigned Voting Parties, but all dividends and distributions payable in Common Stock or
other equity or securities convertible into equity shall become Voting Shares for purposes of this Agreement.

 

16.            Assignment.
Upon written notice to the Company and the other parties to this Agreement, and in compliance with Section 5 hereof, the Sponsor
and LLR each may assign to any of its respective Affiliates any or all of its rights hereunder and, following such assignment, such assignee
shall be deemed to be the Sponsor or LLR, as applicable, for all purposes of this Agreement. No other party may assign its rights under
this Agreement without the prior written consent of the Company and the other Voting Parties.

 

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17.            Other
Rights. Except as provided by this Agreement, each Voting Party shall retain the full rights of a holder of capital stock of the Company
with respect to the Voting Shares, including the right to vote the Voting Shares subject to this Agreement.

 

18.            Severability.
If any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability
shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other
jurisdiction. Upon such determination that any term or other provision is invalid, illegal or unenforceable, the parties hereto shall
negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually
acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent
possible.

 

19.            Governing
Law. This Agreement, the rights and duties of the parties hereto, and any disputes (whether in contract, tort or statute) shall be
governed by and construed and enforced in accordance with the internal laws of the State of Delaware without giving effect to any choice
or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application
of Laws of any jurisdiction other than those of the State of Delaware.

 

20.            Jurisdiction.
Each of the parties hereto irrevocably agrees that any legal action or proceeding with respect to this Agreement and the rights and obligations
arising hereunder, or for recognition and enforcement of any judgment in respect of this Agreement and the rights and obligations arising
hereunder brought by the other party hereto or its successors or assigns shall be brought and determined exclusively in the Delaware state
courts located in Wilmington, Delaware, or in the event (but only in the event) that such court does not have subject matter jurisdiction
over such action or proceeding, in the United States District Court for the District of Delaware. Each of the parties hereto agrees that
mailing of process or other papers in connection with any such action or proceeding in the manner provided in Section 23 or in such
other manner as may be permitted by applicable Laws, will be valid and sufficient service thereof. Each of the parties hereto hereby irrevocably
submits with regard to any such action or proceeding for itself and in respect of its property, generally and unconditionally, to the
personal jurisdiction of the aforesaid courts and agrees that it will not bring any action relating to this Agreement or any of the transactions
contemplated by this Agreement in any court or tribunal other than the aforesaid courts. Each of the parties hereto hereby irrevocably
waives, and agrees not to assert, by way of motion, as a defense, counterclaim or otherwise, in any action or proceeding with respect
to this Agreement and the rights and obligations arising hereunder, or for recognition and enforcement of any judgment in respect of this
Agreement and the rights and obligations arising hereunder (i) any claim that it is not personally subject to the jurisdiction of
the above named courts for any reason other than the failure to serve process in accordance with this Section 20, (ii) any claim
that it or its property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts (whether
through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise),
and (iii) to the fullest extent permitted by applicable Law, any claim that (x) the suit, action or proceeding in such court
is brought in an inconvenient forum, (y) the venue of such suit, action or proceeding is improper, or (z) this Agreement, or
the subject matter hereof, may not be enforced in or by such courts.

 

    	 	10	 

     

    

 

21.            WAIVER
OF JURY TRIAL. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE
COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE, EACH SUCH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO
A TRIAL BY JURY IN RESPECT OF ANY LEGAL ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.
EACH PARTY TO THIS AGREEMENT CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY
OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT SEEK TO ENFORCE THE FOREGOING WAIVER IN THE EVENT OF A LEGAL ACTION, (B) SUCH PARTY
HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) SUCH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (D) SUCH PARTY HAS BEEN INDUCED
TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 22.

 

22.            Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which together shall
constitute one instrument.

 

23.            Notices.
Any notices provided pursuant to this Agreement shall be in writing and given by (i) deposit in the United States mail, addressed
to the party to be notified, postage prepaid and registered or certified with return receipt requested, (ii) delivery in person or
by courier service providing evidence of delivery, or (iii) transmission by electronic mail or facsimile. Notices provided pursuant
to this Agreement shall be provided to the address, email address or facsimile number, as applicable, of each party as set forth on Annex A
hereto, or to any other address, email address or facsimile number, as a party designates in writing to the other parties in accordance
with this Section 23.

 

24.            Entire
Agreement. This Agreement constitutes the full and entire understanding and agreement among the parties, and supersedes any prior
agreement or understanding among the parties, with regard to the subject matter hereof, and no party shall be liable or bound to any other
party in any manner by any warranties, representations or covenants except as specifically set forth herein.

 

25.            Other
Agreements. For the avoidance of doubt, nothing herein shall amend, waive, modify or limit the Other Agreements.

 

26.            Fees
and Expenses. Except as otherwise expressly set forth in the Merger Agreement, all fees and expenses incurred in connection with this
Agreement and the transactions contemplated hereby, including the fees and disbursements of counsel, financial advisors and accountants,
shall be paid by the party incurring such fees or expenses.

 

27.            No
Third Party Rights. Other than the Designees under Sections 7(b), 7(c) and 7(d), this Agreement shall be for the sole benefit
of the parties and their respective successors and permitted assigns and is not intended, nor shall be construed, to give any Person,
other than the parties and their respective successors and assigns, any legal or equitable right, benefit or remedy of any nature whatsoever
by reason this Agreement.

 

    	 	11	 

     

    

 

[Remainder of page intentionally left blank;
signature pages follow]

 

    	 	12	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have duly executed this Agreement as of the date first above written.

 

	 	COMPANY:
	 	 
	 	COMPOSECURE, INC.
	 	 
	 	By:	/s/ Dr. Donald G. Basile
	 	Name:	Dr. Donald G. Basile
	 	Title:	Co-Chief Executive Officer

 

[Signature Page to Stockholders Agreement]

 

     

     

    

 

	 	STOCKHOLDERS:
	 	 
	 	ROMAN DBDR TECH SPONSOR LLC
	 	 
	 	By:	/s/ Dr. Donald G. Basile
	 	Name:	 Dr. Donald G. Basile
	 	Title:	Managing Member

 

[Signature Page to Stockholders Agreement] 

 

     

     

    

  

	 	STOCKHOLDERS:
	 	 
	 	LLR EQUITY PARTNERS IV, L.P.
	 	 
	 	By:	LLR Capital IV, L.P., its general partner
	 	 	By: LLR Capital IV, LLC, its general partner
	 	 
	 	By:	/s/ Mitchell Hollin
	 	Name: Mitchell Hollin
	 	Title: Member
	 	 
	 	LLR EQUITY PARTNERS PARALLEL IV, L.P.
	 	 
	 	By:	LLR Capital IV, L.P., its general partner
	 	 	By: LLR Capital IV, LLC, its general partner
	 	 
	 	By:	/s/ Mitchell Hollin
	 	Name: Mitchell Hollin
	 	Title: Member

 

[Signature Page to Stockholders Agreement]

 

     

     

    

 

	 	STOCKHOLDERS:
	 	 
	 	EPHESIANS 3:16 HOLDINGS LLC
	 	 
	 	By:	/s/ Michele D. Logan
	 	Name: Michele D. Logan
	 	Title: Manager
	 	 
	 	/s/ Michele D. Logan
	 	Michele D. Logan

 

[Signature Page to Stockholders Agreement]Exhibit 10.5

 

EXCHANGE AGREEMENT

 

This EXCHANGE AGREEMENT (this
 “Agreement”), dated as of December 27, 2021, is by and among CompoSecure, Inc., a Delaware corporation (formerly
known as Roman DBDR Tech Acquisition Corp.), a Delaware corporation (the “Company”), CompoSecure Holdings, L.L.C.,
a Delaware limited liability company (“Holdings”) and such holders of Class B Units of Holdings from time to time
party hereto.

 

WHEREAS, the Company, Holdings,
Roman Parent Merger Sub, LLC, a Delaware limited liability company and a direct wholly owned subsidiary of the Company, and LLR Equity
Partners IV, L.P., a Delaware limited partnership, have entered into that certain Agreement and Plan of Merger (the “Merger Agreement”),
dated as of April 19, 2021, pursuant to which, among other things, the parties have agreed to enter into this Agreement as a condition
to the consummation of the transactions contemplated therein and effect the transactions contemplated herein; and

 

WHEREAS, the parties hereto
desire to provide for the exchange from time to time of Class B Units, and the surrender of shares of Class B Common Stock for
cancellation, for cash or for shares of Class A Common Stock on the terms and subject to the conditions set forth herein.

 

NOW, THEREFORE, in consideration
of the mutual covenants and undertakings contained herein and for good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto hereby agree as follows:

 

ARTICLE I

 

SECTION 1.1     Definitions.

 

The following definitions
shall for all purposes, unless the context otherwise clearly indicates, apply to the capitalized terms used in this Agreement.

 

“Acquirer”
means the acquirer or surviving entity (which, for the sake of clarity, may be Holdings or the Company) in a Change of Control.

 

“Agreement”
has the meaning set forth in the preamble hereto.

 

“Board of Directors”
means the Board of Directors of the Company.

 

“Business Day”
means any day, other than Saturday, Sunday or any other day on which banks located in the State of New York are authorized or required
to close.

 

“Cash Exchange Payment”
means an amount in immediately available funds in U.S. dollars equal to the product of (a) the number of Class B Units Exchanged,
multiplied by (b) the then-applicable Exchange Rate multiplied by (c) the average of the daily VWAP of a share
of Class A Common Stock for the five (5) Trading Days immediately prior to the date of delivery of the relevant Exchange Notice.

 

    

    

    

 

“Certificate”
means the Second Amended and Restated Certificate of Incorporation of the Company, as the same may be amended or amended and restated
from time to time in accordance with its terms.

 

“Change of Control”
has the meaning given to the term “Change in Control” in the Tax Receivable Agreement.

 

“Change of Control
Exchange” has the meaning set forth in Section 2.1(e).

 

“Change of Control
Exchange Time” has the meaning set forth in Section 2.1(e).

 

“Change of Control
Notice” has the meaning set forth in Section 2.1(f).

 

“Class A Common
Stock” means the Class A common stock, par value $0.0001 per share, of the Company.

 

“Class B Common
Stock” means the Class B common stock, par value $0.0001 per share, of the Company.

 

“Class A Unit”
means (a) a Class A Unit of Holdings, or (b) the common stock or other equity securities for which a Class A Unit
has been converted or exchanged of a successor corporation or entity.

 

“Class B Unit”
means (a) a Class B Unit of Holdings, or (b) the common stock or other equity securities for which a Class B Unit
has been converted or exchanged of a successor corporation or entity.

 

“Code”
means the Internal Revenue Code of 1986, as amended.

 

“Combination”
means any combination of stock or units, as the case may be, by reverse split, reclassification, recapitalization, reorganization or otherwise.

 

“Company”
has the meaning set forth in the preamble hereto.

 

“Date of Exchange”
means with respect to an Exchange pursuant to Section 2.1(a), but subject to Section 2.1(c), the date identified
in the respective Exchange Notice (which may be the date on which the Exchange Notice is delivered to Holdings).

 

“Exchange”
means an exchange of Class B Units (together with the cancellation of shares of Class B Common Stock) for cash or shares of
Class A Common Stock.

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended.

 

“Exchange Notice”
means a written election of Exchange substantially in the form of Exhibit A, duly executed by the exchanging Holdings Unitholder
or such Holdings Unitholder’s duly authorized attorney.

 

    2

    

    

 

“Exchange Rate”
means the number of shares of Class A Common Stock for which one Class B Unit is entitled to be Exchanged. On the date of this
Agreement, the Exchange Rate shall be one, subject to adjustment pursuant to Section 2.4 of this Agreement.

 

“Governmental Entity”
means any court, tribunal, arbitrator, authority, agency, commission, legislative body or official of the United States or any state,
or similar governing entity, in the United States or in a foreign jurisdiction.

 

“Holdings”
has the meaning set forth in the preamble hereto.

 

“Holdings Unitholder”
means each of the unitholders of Holdings that owns Class B Units and any Person that executes a joinder as set forth in Section 3.5
of this Agreement.

 

“Legal Proceeding”
means any action, suit, hearing, claim, lawsuit, litigation, investigation, arbitration or proceeding (in each case, whether civil, criminal
or administrative or at law or in equity) by or before a Governmental Entity.

 

“Lien”
means with respect to any property or asset, any lien, mortgage, pledge, charge, security interest or other encumbrance in respect of
such property or asset.

 

“LLC Agreement”
means the Second Amended and Restated Limited Liability Company Agreement of Holdings, by and among the Company, Holdings, and the other
parties thereto, dated the date hereof, as such agreement may be amended from time to time in accordance with its terms.

 

“LLC Units”
means the Class A Units and the Class B Units.

 

“Permitted Transferee”
has the meaning set forth in Section 3.5.

 

“Person”
means an individual, a partnership (including a limited partnership), a corporation, a limited liability company, an association, a joint
stock company, a trust, a joint venture, an unincorporated organization, association or other entity.

 

“Preferred Stock”
has the meaning set forth in the Certificate.

 

“Registration Rights
Agreement” means the Amended and Restated Registration Rights Agreement, by and among the Company and the other parties thereto,
dated as of the date hereof, as such agreement may be amended from time to time in accordance with its terms.

 

“Subdivision”
means any subdivision of stock or units, as the case may be, by any split, dividend, distribution, reclassification, recapitalization,
reorganization or otherwise.

 

“Tax Receivable Agreement”
means the Tax Receivable Agreement, dated as of the date hereof, by and among the Company, Holdings and the other parties thereto, as
such agreement may be amended or supplemented from time to time in accordance with its terms.

 

“Trading Day”
means a day on which the NASDAQ Capital Market or such other principal United States securities exchange on which the shares of Class A
Common Stock are listed or admitted to trading is open for the transaction of business (unless such trading shall have been suspended
for the entire day), or if the shares of Class A Common Stock are not listed or admitted to trading on such an exchange, on the automated
quotation system on which the shares of Class A Common Stock are then authorized for quotation.

 

    3

    

    

 

“VWAP”
means the daily per share volume-weighted average price of the Class A Common Stock on the principal U.S. securities exchange, “over-the-counter”
market or automated or electronic quotation system on which the Class A Common Stock trades, as displayed under the heading Bloomberg
VWAP on the Bloomberg page designated for the Class A Common Stock (or its equivalent successor if such page is not available)
in respect of the period from the open of trading on such day until the close of trading on such day (or if such volume-weighted average
price is unavailable, (a) the per share volume-weighted average price of such Class A Common Stock on such day (determined without
regard to afterhours trading or any other trading outside the regular trading session or trading hours), or (b) if such determination
is not feasible, the market price per share of Class A Common Stock, in either case as determined by a nationally recognized independent
investment banking firm retained in good faith for this purpose by the Company).

 

SECTION 1.2     Other
Definitional and Interpretative Provisions. The words “hereof”, “herein”
and “hereunder” and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular
provision of this Agreement. The captions herein are included for convenience of reference only and shall be ignored in the construction
or interpretation hereof. References to Articles and Sections are to Articles and Sections of this Agreement unless otherwise specified.
Any singular term in this Agreement shall be deemed to include the plural, and any plural term the singular. Whenever the words “include”,
 “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without
limitation”, whether or not they are in fact followed by those words or words of like import. “Writing”, “written”
and comparable terms refer to printing, typing and other means of reproducing words (including electronic media) in a visible form. References
to any statute shall be deemed to refer to such statute as amended from time to time and to any rules or regulations promulgated
thereunder. The word “or” shall be disjunctive but not exclusive. References to any agreement or contract are to that agreement
or contract as amended, modified or supplemented from time to time in accordance with the terms hereof and thereof. References to any
Person include the successors and permitted assigns of that Person. References from or through any date mean, unless otherwise specified,
from and including or through and including, respectively. References to “law”, “laws” or to a particular statute
or law shall be deemed also to include any applicable law. Except to the extent otherwise expressly provided herein, all references to
any Holdings Unitholder shall be deemed to refer solely to such Person in its capacity as such Holdings Unitholder and not in any other
capacity.

 

SECTION 1.3     Construction.
The parties have participated jointly in negotiating and drafting this Agreement. If an ambiguity or a question of intent or interpretation
arises, this Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden of proof shall arise favoring
or disfavoring any party by virtue of the authorship of any provision of this Agreement.

 

    4

    

    

 

ARTICLE II

 

SECTION 2.1     Exchange
of Class B Units.

 

(a)            Upon
the terms and subject to the conditions of this Agreement, each Holdings Unitholder shall be entitled at any time and from time to time
to effect an Exchange. In the event a Holdings Unitholder wishes to effect an Exchange, such Holdings Unitholder shall (i) deliver
to Holdings and the Company an Exchange Notice and (ii) surrender or, in the absence of such surrender, be deemed to have surrendered,
Class B Units to Holdings (and surrender for cancellation one or more stock certificates (if certificated) or instructions and stock
powers (if uncertificated) to the Company representing a corresponding number of shares of Class B Common Stock) (in each case, free
and clear of all Liens other than restrictions set forth in the LLC Agreement and as may arise under applicable securities laws), in each
case, respectively, to Holdings’ and the Company’s addresses set forth in Section 3.6(b). In consideration for
such surrender, the exchanging Holdings Unitholder shall be entitled to, at the option of the Company (acting by a majority of the disinterested
members of the Board of Directors), either (A) a Cash Exchange Payment by Holdings in accordance with the instructions provided in
the Exchange Notice, in which event such exchanged Class B Units and such shares of Class B Common Stock automatically shall
be deemed cancelled concomitant with such payment, without any action on the part of any Person, including the Company or Holdings, or
(B) the issuance by the Company to such Holdings Unitholder of a number of shares of Class A Common Stock equal to (I) the
number of Class B Units exchanged multiplied by (II) the Exchange Rate, in which event such exchanged Class B Units
held by the Company shall automatically be converted into a corresponding number of Class A Units (and the Class B Units so
converted shall thereby cease to exist), and concomitantly with any such issuance, any exchanged Class B Common Stock automatically
shall be deemed cancelled, without any action on the part of any Person, including the Company or Holdings. Each such Exchange shall,
to the extent permitted by law, be treated for U.S. income tax reporting purposes as a taxable exchange of the Holdings Unitholder’s
Class B Units for Class A Common Stock or a Cash Exchange Payment, as applicable, and corresponding payments under the Tax Receivable
Agreement.

 

(b)            Following
the delivery of the Exchange Notice, the Company shall deliver or cause to be delivered (i) the Cash Exchange Payment in accordance
with Section 2.1(a) as promptly as practicable (but not later than five Business Days) after the Date of Exchange or
(ii) if the Company elects to issue Class A Common Stock, the number of shares of Class A Common Stock deliverable upon
such Exchange as promptly as practicable after the Date of Exchange (but not later than the close of business on the second Business Day
immediately following the Date of Exchange), at the offices of the then-acting registrar and transfer agent of the Class A Common
Stock (or, if there is no then-acting registrar and transfer agent of the Class A Common Stock, at the principal executive offices
of the Company), registered in the name of the relevant exchanging Holdings Unitholder (or in such other name as is requested in writing
by the Holdings Unitholder), in certificated or uncertificated form, as may be requested by the exchanging Holdings Unitholder; provided,
that to the extent the Class A Common Stock is settled through the facilities of The Depository Trust Company, upon the written instruction
of the exchanging Holdings Unitholder set forth in the Exchange Notice, the Company shall use its reasonable best efforts to deliver the
shares of Class A Common Stock deliverable to such exchanging Holdings Unitholder in the Exchange through the facilities of The Depository
Trust Company, to the account of the participant of The Depository Trust Company designated by such exchanging Holdings Unitholder by
no later than the close of business on the second Business Day immediately following the Date of Exchange. An Exchange pursuant to this
Section 2.1 of Class B Units, and the cancellation of shares of Class B Common Stock, for Class A Common Stock
will be deemed to have been effected immediately prior to the close of business on the Date of Exchange whether or not the applicable
Cash Exchange Payment or shares of Class A Common Stock have been delivered to the exchanging Holdings Unitholder at such time, and
if the Company does not elect a Cash Exchange Payment, the Holdings Unitholder will be treated as a holder of record of Class A Common
Stock as of the close of business on such Date of Exchange.

 

    5

    

    

 

(c)            An
Exchange Notice from a Holdings Unitholder may specify that the Exchange is to be (i) contingent (including as to the timing) upon
the consummation of a purchase by another Person of shares of Class A Common Stock into which the Class B Units are exchangeable
and/or (ii) effective upon a specified future date. In such case, a Holdings Unitholder may withdraw or amend an Exchange Notice,
in whole or in part, at any time prior to the effectiveness of the Exchange by delivery of a written notice of withdrawal to the Company
and Holdings specifying (A) the number of withdrawn Class B Units, (B) the number of Class B Units as to which the
Exchange Notice remains in effect, if any, and (C) if the Holdings Unitholder so determines, revised timing of the Exchange or any
other new or revised information permitted in the Exchange Notice.

 

(d)            In
connection with a Change of Control, and subject to any approval of the Change of Control by the holders of Class A Common Stock
and Class B Common Stock required under the Certificate or applicable law (which approval has been granted by a vote or consent of
the stockholders of the Company), the Company shall have the right to require each Holdings Unitholder to Exchange some or all of the
Class B Units beneficially owned by such Holdings Unitholder (together with the cancellation of the same number of shares of Class B
Common Stock) (in each case, free and clear of all Liens other than restrictions set forth in the LLC Agreement and as may arise under
applicable securities laws), in consideration for the issuance by the Company to such Holdings Unitholder of a number of shares of Class A
Common Stock equal to the number of Class B Units surrendered multiplied by the Exchange Rate (a “Change of Control
Exchange”), such Change of Control Exchange to be effected by the surrender of such Class B Units to the Company (and surrender
for cancellation one or more stock certificates (if certificated) or instructions and stock powers (if uncertificated) representing a
corresponding number of shares of Class B Common Stock) and the subsequent automatic conversion of such exchanged Class B Units
held by the Company into an equal number of Class A Units (whereupon, the Class B Units so converted shall cease to exist and
concomitantly with any such issuance, any exchanged Class B Common Stock automatically shall be deemed cancelled without any action
on the part of any Person, including the Company or Holdings); provided, that if the Company requires the Holdings Unitholders
to Exchange less than all of their outstanding Class B Units (and to surrender a corresponding number of shares of Class B Common
Stock for cancellation), each Holdings Unitholder’s participation in the Change of Control Exchange shall be reduced pro rata.
Any Change of Control Exchange shall be effective immediately prior to the consummation of the Change of Control (and, for the avoidance
of doubt, shall not be effective if such Change of Control is not consummated) (the “Change of Control Exchange Time”)
and the Holdings Unitholder will be treated as a holder of record of Class A Common Stock as of the Change of Control Exchange Time.
For the avoidance of doubt, (i) any Class B Units and a corresponding number of shares of Class B Common Stock held by
a Holdings Unitholder that are not Exchanged or cancelled, as applicable, pursuant to a Change of Control Exchange may be Exchanged by
such Holdings Unitholder pursuant to Section 2.1(a) subject to, and in accordance with, the terms thereof and (ii) notwithstanding
anything to the contrary herein, the Company shall not be entitled to make a Cash Exchange Payment in the case of a Change of Control
Exchange.

 

    6

    

    

 

(e)            To
effect the delivery of such shares of Class A Common Stock in connection with a Change of Control Exchange, the Company shall: (i) deliver
or cause to be delivered at the offices of the then-acting registrar and transfer agent of the Class A Common Stock (or, if there
is no then-acting registrar and transfer agent of the Class A Common Stock, at the principal executive offices of the Company) such
number of shares of Class A Common Stock, registered in the name of the relevant Holdings Unitholder (or in such other name as is
requested in writing by such Holdings Unitholder), in certificated or uncertificated form, as may be requested by such Holdings Unitholder,
or (ii) if the Class A Common Stock is settled through the facilities of The Depository Trust Company, upon the written instruction
of such Holdings Unitholder, use its reasonable best efforts to deliver the shares of Class A Common Stock through the facilities
of The Depository Trust Company, to the account of the participant of The Depository Trust Company designated by such Holdings Unitholder.

 

(f)            The
Company shall provide written notice (the “Change of Control Notice”) of an expected Change of Control to all Holdings
Unitholders within the earlier of (i) five (5) days following the execution of the agreement with respect to such Change of
Control and (ii) ten (10) days before the proposed date upon which the contemplated Change of Control is to be effected, indicating
in such Change of Control Notice such information as may reasonably describe the Change of Control transaction, subject to applicable
law, including the date of execution of such agreement or such proposed effective date, as applicable, the amount and types of consideration
to be paid for LLC Units or shares of Class A Common Stock, as applicable, in the Change of Control (which consideration shall be
identical whether paid for LLC Units or shares of Class A Common Stock), any election with respect to types of consideration that
a holder of LLC Units or shares of Class A Common Stock, as applicable, shall be entitled to make in connection with the Change of
Control, the percentage of total Class B Units or shares of Class A Common Stock, as applicable, to be transferred to, or acquired
by, the Acquirer by, or from, as the case may be, all stockholders in the Change of Control, and the number of Class B Units held
by each Holdings Unitholder that the Company intends to require be Exchanged for shares of Class A Common Stock in connection with
the Change of Control. The Holdings Unitholders shall undertake following receipt of a Change of Control Notice to not disclose any such
information or trade in any securities of the Company while in possession of any material non-public information and hereby agree to execute
customary written documentation effecting such undertaking upon the reasonable written request of the Company. The Company shall promptly
update such Change of Control Notice in writing from time to time to reflect any material changes to such Change of Control Notice. The
Company may satisfy any such Change of Control Notice and update requirements described in the preceding two sentences by providing such
information on Form 8-K, Schedule TO, Schedule 14D-9 or similar form filed with the SEC.

 

    7

    

    

 

(g)            Immediately
upon the Exchange of any Class B Unit pursuant to this Section 2.1, an equal number of outstanding shares of Class B
Common Stock beneficially owned by the exchanging Holdings Unitholder automatically shall be deemed cancelled without any action on the
part of any Person, including the Company. Any such cancelled shares of Class B Common Stock shall no longer be outstanding, and
all rights of the exchanging Holdings Unitholder with respect to such shares shall automatically cease and terminate.

 

(h)            The
Company, Holdings and each Holdings Unitholder shall bear its own costs and expenses in connection with the consummation of any Exchange,
including with respect to a Change of Control Exchange, whether or not any such Exchange is ultimately consummated, except that the Company
shall bear any transfer taxes, stamp taxes or duties, or other similar taxes in connection with, or arising by reason of, any Exchange;
provided, however, that if any shares of Class A Common Stock are to be delivered in a name other than that of the
Holdings Unitholder that requested the Exchange (or The Depository Trust Company or its nominee for the account of a participant of The
Depository Trust Company that will hold the shares for the account of such Holdings Unitholder), then such Holdings Unitholder or the
Person in whose name such shares are to be delivered shall pay to the Company the amount of any transfer taxes, stamp taxes or duties,
or other similar taxes in connection with, or arising by reason of, such Exchange or shall establish to the reasonable satisfaction of
the Company that such tax has been paid or is not payable. For the avoidance of doubt, each exchanging Holdings Unitholder shall bear
any and all income or gains taxes imposed on gain realized by such exchanging Holdings Unitholder as a result of any such Exchange.

 

SECTION 2.2     Common
Stock to be Issued.     In
connection with any Exchange pursuant to which the Company shall issue Class A Common Stock, the Company reserves the right to provide
shares of Class A Common Stock that are registered pursuant to the Securities Act, unregistered shares of Class A Common Stock
or any combination thereof, as it may determine in its sole discretion, it being understood that all such unregistered shares of Class A
Common Stock shall be entitled to the registration rights, and any limitations thereof, set forth in the Registration Rights Agreement;
provided, that such holders thereof shall have agreed to join the Registration Rights Agreement as parties thereto to the extent
not otherwise a party thereto.

 

(b)            The
Company shall at all times reserve and keep available out of its authorized but unissued Class A Common Stock, solely for the purpose
of issuances upon any Exchange, such number of shares of Class A Common Stock as shall from time to time be sufficient to effect
the Exchange of all Class B Units of Holdings that may be outstanding from time to time, including as a result of an adjustment to
the Exchange Rate pursuant to Section 2.4 of this Agreement. The Company shall at all times reserve and keep available out
of its authorized but unissued Class B Common Stock, such number of shares of Class B Common Stock as shall from time to time
be sufficient for purposes of satisfying the obligations set forth in this Exchange Agreement. The Company shall take any and all actions
necessary or desirable to give effect to the foregoing.

 

(c)            Prior
to the effective date of any Exchange effected pursuant to this Agreement, the Company shall take all such steps as may be required to
cause to qualify for exemption under Rule 16b-3(d) or (e), as applicable, under the Exchange Act, and to be exempt for purposes
of Section 16(b) under the Exchange Act, any acquisitions from, or dispositions to, the Company of equity securities of the
Company (including derivative securities with respect thereto) and any securities that may be deemed to be equity securities or derivative
securities of the Company for such purposes that result from the transactions contemplated by this Agreement, by each officer or director
of the Company, including any director by deputization. The authorizing resolutions shall be approved by either the Company’s board
of directors or a committee composed solely of two or more Non-Employee Directors (as defined in Rule 16b-3) of the Company (with
the authorizing resolutions specifying the name of each such director whose acquisition or disposition of securities is to be exempted
and the number of securities that may be acquired and disposed of by each such Person pursuant to this Agreement).

 

    8

    

    

 

(d)            Any
Class A Common Stock or Class B Common Stock to be issued by the Company in accordance with this Agreement shall be validly
issued, fully paid and non-assessable.

 

SECTION 2.3     Capital
Structure of the Company and Holdings.

 

(a)            The
Company shall, and shall cause Holdings to, take all actions necessary so that, at all times for as long as this Agreement is in effect:
(i) each Class B Unit has the same economic rights as each Class A Unit; (ii) the number of Class A Units outstanding
equals the number of shares of Class A Common Stock outstanding; and (iii) one Class B Unit is exchangeable for one share
of Class A Common Stock and the surrender of one share of Class B Common Stock for cancellation, subject to any adjustment to
the Exchange Rate pursuant to Section 2.4 of this Agreement, in each case pursuant to this Agreement.

 

(b)            Upon
the issuance by the Company of any shares of Class A Common Stock other than pursuant to an Exchange (including any issuance in connection
with the earnout as set forth in the Merger Agreement, a business acquisition by the Company or its direct or indirect subsidiaries, an
equity incentive program or upon the conversion, exercise (including cashless exercise) or exchange of any security or other instrument
convertible into or exercisable or exchangeable for shares of Class A Common Stock), the Company shall contribute the proceeds of
such issuance, if any (net of any selling or underwriting discounts or commissions or other expenses), to Holdings in exchange for a number
of newly issued Class A Units equal to the number of shares of Class A Common Stock issued.

 

(c)            At
any time that Holdings issues a Class B Unit, the Company shall issue a share of Class B Common Stock to the recipient of such
Class B Unit. Upon the conversion or cancellation of any Class B Unit pursuant to this Agreement or the LLC Agreement, the corresponding
share of Class B Common Stock automatically shall be cancelled without any action on the part of any Person, including the Company.
The Company may only issue shares of Class B Common Stock to Holdings Unitholders and their respective Permitted Transferees. Holdings
may only issue Class B Units to Holdings Unitholders and their respective Permitted Transferees. A Holdings Unitholder may only transfer
shares of Class B Common Stock to a Person if (i) such Person is a Permitted Transferee of such Holdings Unitholder and (ii) an
equal number of Class B Units are simultaneously transferred to the transferee. A Holdings Unitholder may only transfer Class B
Units to a Person if (A) such Person is a Permitted Transferee of such Holdings Unitholder and (B) an equal number of shares
of Class B Common Stock are simultaneously transferred to the transferee.

 

    9

    

    

 

(d)            If
the Company redeems, repurchases or otherwise acquires any shares of its Class A Common Stock for cash (including a redemption, repurchase
or acquisition of restricted shares of Class A Common Stock for nominal or no value), Holdings shall, coincident with such redemption,
repurchase or acquisition, redeem or repurchase an identical number of Class A Units held by the Company upon the same terms, including
the same price, as the terms of the redemption, repurchase or acquisition of the Class A Common Stock.

 

(e)            The
Company shall not in any manner effect any Subdivision or Combination of Class A Common Stock unless the Company and Holdings simultaneously
effect a Subdivision or Combination, as the case may be, of Class B Common Stock and LLC Units, respectively, with an identical ratio
as the Subdivision or Combination of Class A Common Stock. Holdings shall not in any manner effect any Subdivision or Combination
of LLC Units unless the Company simultaneously effects a Subdivision or Combination, as the case may be, of Class A Common Stock
and Class B Common Stock with an identical ratio as the Subdivision or Combination of LLC Units.

 

(f)            The
Company shall not issue, and shall not agree to issue (including pursuant to any security or other instrument convertible into or exercisable
or exchangeable for) any class of equity securities other than its Class A Common Stock, Class B Common Stock or one or more
series of Preferred Stock that the Company may determine to issue from time to time in accordance with, and subject to the limitations
contained in, the Certificate and this Section 2.3(f). The Company shall not issue any shares of Preferred Stock unless (i) Holdings
issues or agrees to issue, as the case may be, to the Company a number of units, with designations, preferences and other rights and terms
that are substantially the same as such shares of Preferred Stock, equal to the number of such shares of Preferred Stock issued by the
Company, and (ii) the Company transfers to Holdings the proceeds (net of any selling or underwriting discounts or commissions and
other expenses) of the issuance of such Preferred Stock (and agrees to transfer to Holdings any amounts paid by the holders of securities
or instruments exercisable or exchangeable therefor upon their exercise or exchange, if applicable, net of expenses).

 

(g)            For
as long as this Agreement is in effect: (i) Holdings shall not, and the Company shall cause Holdings not to, at any time, issue LLC
Units except as required by this Agreement; (ii) Holdings shall not, and the Company shall cause Holdings not to, at any time, issue
LLC Units to any Person other than the Company and its respective Permitted Transferees; and (iii) the Company shall not transfer
any Class A Units except in connection with a Change of Control.

 

(h)            If
the Company makes a dividend or other distribution of Company stock on its Class A Common Stock, then the Company and Holdings shall
collectively make a dividend or other distribution to the Holdings Unitholders holding Class B Units of an amount of Units of Holdings
and equity securities of the Company having, collectively, designations, preferences and other rights and terms (including voting rights)
that are substantially the same as such distributed stock.

 

(i)            If
the Company makes a cash dividend on the Class A Common Stock not funded by a matching pro rata dividend by Holdings on the LLC Units,
then each Holdings Unitholder holding Class B Units shall, at its option either (i) be issued that number of Class B Units
equal to its pro rata share of the value of such cash dividend as if such cash dividend had been paid to all holders of LLC Units or (ii) be
entitled to receive from Holdings a pro rata cash amount equal to what such Holdings Unitholders would have received in connection with
such dividend assuming that such Holdings Unitholder held shares of Class A Common Stock on an fully as-converted basis (regardless,
for these purposes, of any limitations on Exchanges otherwise set forth herein); provided, that no Class B Units shall be
issued or issuable and no cash paid to such Holdings Unitholders under this Section 2.3(i) to the extent that such cash
dividend is funded with excess cash held by the Company that was accumulated because tax distributions made by Holdings to the Company
exceed the Company’s actual tax liabilities.

 

    10

    

    

 

(j)             If
the Company makes a distribution of property other than cash or Company stock on the Class A Common Stock that the Company has not
received through a matching pro rata distribution of such property on LLC Units by Holdings, then each Holdings Unitholder holding Class B
Units shall be issued that number of Class B Units equal to its pro rata share of the aggregate value of such property as if such
property had been paid to all holders of LLC Units.

 

(k)            For
purposes of Section 2.3(i) and (j), the valuation of any issued Class B Units shall be calculated using the
same methodology as that used in determining the Cash Exchange Payment under Section 2.1(a).

 

(l)             For
the avoidance of doubt, no Exchange will impair the right of an exchanging Holdings Unitholder to receive any distribution for periods
ending on or prior to the Date of Exchange for such Exchange (but for which payment had not yet been made with respect to the Class B
Units in question at the time the Exchange is consummated); provided that, for purposes of this Section 2.3(l),
the exchanging Holdings Unitholder’s right to receive its pro rata portion of any distribution by Holdings in respect of such periods
shall not be deemed impaired to the extent that Holdings has not paid the Company its pro rata portion of such distribution prior to the
consummation of the applicable Exchange.

 

SECTION 2.4     Adjustment.
Without limiting anything set forth in Section 2.3:

 

(a)            In
the event there is any (i) Subdivision or Combination of the shares of Class B Common Stock or Class B Units that is not
accompanied by an equivalent subdivision or combination of the Class A Common Stock; or (ii) Subdivision or Combination
of the Class A Common Stock that is not accompanied by an equivalent subdivision or combination of the shares of Class B Common
Stock and Class B Units, the Exchange Rate shall be equitably adjusted accordingly.

 

(b)            If
there is any reclassification, reorganization, recapitalization or other similar transaction in which the Class A Common Stock is
converted or changed into another security, securities or other property, then upon any subsequent Exchange, an exchanging Holdings Unitholder
shall be entitled to receive the amount of such security, securities or other property that such exchanging Holdings Unitholder would
have received if such Exchange had occurred immediately prior to the effective date of such reclassification, reorganization, recapitalization
or other similar transaction, taking into account any adjustment as a result of any Subdivision or Combination of such security, securities
or other property that occurs after the effective time of such reclassification, reorganization, recapitalization or other similar transaction.
For the avoidance of doubt, if there is any reclassification, reorganization, recapitalization or other similar transaction in which the
Class A Common Stock is converted or changed into another security, securities or other property, this Section 2.4(b) shall
continue to be applicable, mutatis mutandis, with respect to such security or other property.

 

    11

    

    

 

(c)            This
Agreement shall apply to the Class B Units and shares of Class B Common Stock held by the Holdings Unitholder and their Permitted
Transferees as of the date hereof, as well as any Class B Units and shares of Class B Common Stock hereafter acquired by a Holdings
Unitholder or its Permitted Transferees. This Agreement shall apply to, mutatis mutandis, and all references to “Class B
Units” or “Class B Common Stock” shall be deemed to include, any security, securities or other property of the
Company or Holdings which may be issued in respect of, in exchange for or in substitution of shares of Class B Common Stock or Class B
Units, as applicable, by reason of any distribution or dividend, split, reverse split, combination, reclassification, reorganization,
recapitalization, merger, exchange (other than an Exchange) or other transaction.

 

SECTION 2.5     Withholding.
If the Company shall be required to withhold any amounts by reason of any federal, state, local or foreign tax rules or regulations
in respect of any Exchange, the Company shall be entitled to take such action as it deems appropriate, in its reasonable discretion, in
order to ensure compliance with such withholding requirements, including, at its option, withholding shares of Class A Common Stock
with a fair market value equal to the minimum amount of any taxes that the Company may be required to withhold with respect to such Exchange
(provided that the fair market value of a share of Class A Common Stock shall be determined based on the average of the daily VWAP
of a share of Class A Common Stock for the five (5) Trading Days immediately prior to the date of withholding), provided that,
there shall be no withholding on account of U.S. federal income tax on a payment in respect to any Exchange with respect to a payment
to or on account of a Holdings Unitholder provided that such Holdings Unitholder provides in a certification of non-foreign status, in
form and substance consistent with Treasury Regulations Section 1.1445-2(b) and Treasury Regulations Section 1.446(f)-2(b)(2),
and an IRS Form W-9 claiming a complete exemption from backup withholding on the written request of the Company. To the extent that
amounts are (or property is) so withheld and paid over to the appropriate taxing authority, such withheld amounts (or property) shall
be treated for all purposes of this Agreement as having been paid (or delivered) to the applicable Holdings Unitholder.

 

ARTICLE III

 

SECTION 3.1     Representations
and Warranties of the Company. The Company represents and warrants that (a) it is a
corporation duly incorporated and is validly existing under the laws of the State of Delaware, (b) it has all requisite corporate
power and authority to enter into and perform this Agreement and to consummate the transactions contemplated hereby, including the issuance
of Class A Common Stock and Class B Common Stock in accordance with the terms hereof, (c) the execution and delivery of
this Agreement by the Company and the consummation by it of the transactions contemplated hereby (including the issuance of the Class A
Common Stock and Class B Common Stock) have been duly authorized by all necessary corporate action on the part of the Company, (d) this
Agreement constitutes a legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms,
except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws
relating to or limiting creditors’ rights generally, and (e) the execution, delivery and performance of this Agreement by the
Company and the consummation by the Company of the transactions contemplated hereby will not (i) result in a violation of the Certificate
or the Bylaws of the Company, (ii) conflict with, result in a breach or violation of, or constitute a default (or an event which
with notice or lapse of time or both would become a default) under, or give rise to any rights of termination, suspension, amendment,
acceleration or cancellation, under any agreement, contract, commitment, instrument, undertaking, lease, note, mortgage, indenture, license
or arrangement, whether written or oral, to which the Company is a party or by which any property or asset of the Company is bound or
affected, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree applicable to the Company or by
which any property or asset of the Company is bound or affected.

 

    12

    

    

 

SECTION 3.2     Representations
and Warranties of Holdings. Holdings represents and warrants that (a) it is a limited
liability company duly formed and is validly existing under the laws of the State of Delaware, (b) it has all requisite power and
authority to enter into and perform this Agreement and to consummate the transactions contemplated hereby in accordance with the terms
hereof, (c) the execution and delivery of this Agreement by Holdings and the consummation by it of the transactions contemplated
hereby have been duly authorized by all necessary partnership action on the part of Holdings, (d) this Agreement constitutes a legal,
valid and binding obligation of Holdings enforceable against Holdings in accordance with its terms, except as enforcement may be limited
by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’
rights generally, (e) the execution, delivery and performance of this Agreement by Holdings and the consummation by Holdings of the
transactions contemplated hereby will not (i) result in a violation of the LLC Agreement, (ii) conflict with, result in a breach
or violation of, or constitute a default (or an event which with notice or lapse of time or both would become a default) under, or give
rise to any rights of termination, suspension, amendment, acceleration or cancellation, under any agreement, contract, commitment, instrument,
undertaking, lease, note, mortgage, indenture, license or arrangement, whether written or oral, to which Holdings is a party or by which
any property or asset of Holdings is bound or affected, or (iii) result in a violation of any law, rule, regulation, order, judgment
or decree applicable to Holdings or by which any property or asset of Holdings is bound or affected, and (f) Holdings is an entity
treated as a partnership for U.S. federal income tax purposes and is not classified as a “publicly traded partnership” as
defined under Section 7704 of the Code.

 

SECTION 3.3     Representations
and Warranties of the Holdings Unitholders. Each Holdings Unitholder, severally and not jointly,
represents and warrants that (a) if such Holdings Unitholder is not a natural person, it is duly formed and validly existing under
the laws of the state of its formation, (b) it has all requisite power and authority (or, in the case of any Holdings Unitholder
that is a natural person, the legal capacity) to enter into and perform this Agreement and to consummate the transactions contemplated
hereby, (c) the execution and delivery of this Agreement by it and consummation of the transactions contemplated hereby have been
duly authorized by all necessary entity or other action on the part of such Holdings Unitholder, (d) this Agreement constitutes a
legal, valid and binding obligation of such Holdings Unitholder enforceable against it in accordance with its terms, except as enforcement
may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting
creditors’ rights generally, (e) each Holdings Unitholder is the legal and beneficial owner of the Class B Units issued
to such Holder pursuant to the terms of the Merger Agreement and (f) the execution, delivery and performance of this Agreement by
such Holdings Unitholder and the consummation by such Holdings Unitholder of the transactions contemplated hereby will not (i) if
such Holdings Unitholder is not a natural person, result in a violation of the certificate of incorporation and bylaws or other organizational
documents of such Holdings Unitholder, (ii) conflict with, result in a breach or violation of, or constitute a default (or an event
which with notice or lapse of time or both would become a default) under, or give rise to any rights of termination, suspension, amendment,
acceleration or cancellation, under any agreement, contract, commitment, instrument, undertaking, lease, note, mortgage, indenture, license
or arrangement, whether written or oral, to which such Holdings Unitholder is a party or by which any property or asset of such Holdings
Unitholder is bound or affected, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree applicable
to such Holdings Unitholder or by which any property or asset of such Holdings Unitholder is bound or affected.

 

    13

    

    

 

SECTION 3.4     Number
of Shares. The Company covenants and agrees that at all times the number of shares of Class A
Common Stock issued and outstanding shall equal the number of Class A Units issued and outstanding and the number of shares of Class B
Common Stock issued and outstanding shall equal the number of Class B Units issued and outstanding.

 

SECTION 3.5     Additional
Holdings Unitholders. To the extent a Holdings Unitholder validly transfers any or all of
such Class B Units (together with the corresponding number of shares of Class B Common Stock) to another Person in a transaction
in accordance with, and not in contravention of, the LLC Agreement or the Registration Rights Agreement, then such transferee (each, a
 “Permitted Transferee”) shall execute and deliver a joinder to this Agreement, substantially in the form of Exhibit B
hereto, whereupon such Permitted Transferee shall become a Holdings Unitholder hereunder. To the extent Holdings issues Class B Units
in the future (other than to the Company), then the holder of such Class B Units shall have the right, to the extent not otherwise
a party to this Agreement, to execute and deliver a joinder to this Agreement, substantially in the form of Exhibit B hereto,
whereupon such holder shall become a Holdings Unitholder hereunder.

 

    14

    

    

 

SECTION 3.6     Addresses
and Notices. Any notice, request, demand, waiver, consent, approval or other communication
that is required or permitted hereunder shall be in writing and shall be deemed given: (a) on the date established by the sender
as having been delivered personally, (b) on the date delivered by a private courier as established by the sender by evidence obtained
from the courier, (c) on the date sent by facsimile or e-mail, with confirmation of transmission, or (d) on the third Business
Day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications, to be valid,
must be addressed as follows:

 

(a)            If
to the Company, to:

 

Roman DBDR Tech Acquisition Corp.

2877 Paradise Road, #702

Las Vegas, Nevada 89109

Attention: Dr. Donald Basile; Dixon Doll, Jr.; John
Small

Phone: (650) 618-2524

Email:
don.basile@romandbdr.com; drdolljr@gmail.com; jcsmall@romandbdr.com

 

with a copy to:

 

Goodwin Procter LLP

100 Northern Avenue

Boston, MA 02210

Attention: Anthony J. McCusker; Jocelyn M. Arel; Gregg L.
Katz

Phone: (617) 570-1000

Email: amccusker@goodwinlaw.com; jarel@goodwinlaw.com; gkatz@goodwinlaw.com

 

(b)            If
to Holdings, to:

 

CompoSecure Holdings, L.L.C.

309 Pierce Street

Somerset, New
    Jersey 08873

	 	Attention:	Jonathan C. Wilk, President and CEO
	 	Phone:	(908) 518-0500, ext. 2220
	 	Email:	jwilk@composecure.com

 

with a copy to:

 

Morgan,
Lewis & Bockius LLP

1701 Market Street

Philadelphia, PA 19103

	 	Attention:	Barbara
J. Shander and Kevin S. Shmelzer
	 	Phone:	(215)
963-5029 and (215) 963-5716
		Email:	barbara.shander@morganlewis.com and

                                                                                kevin.shmelzer@morganlewis.com

 

(c)            If
to any Holdings Unitholder, to the address and other contact information set forth in the records of Holdings from time to time.

 

The Company or Holdings may designate, by notice
to all of the Holdings Unitholders, substitute addresses or addressees for notices; thereafter, notices are to be directed to those
substitute addresses or addressees. Holdings Unitholders may designate, by notice to the Company and Holdings, substitute addresses or
addressees for notices; thereafter, notices are to be directed to those substitute addresses or addressees.

 

    15

    

    

 

SECTION 3.7     Further
Assurances. The parties shall execute, deliver, acknowledge and file such further agreements
and instruments and take such other actions as may be reasonably necessary from time to time to make effective this Agreement and the
transactions contemplated herein.

 

SECTION 3.8     Termination.
This Agreement shall terminate and be of no further force or effect when no Class B Units remain outstanding.

 

SECTION 3.9     No
Third Party Beneficiaries. This Agreement will not confer any rights or remedies upon any
Person other than the parties hereto and their respective successors and permitted assigns (including any Permitted Transferees that have
executed a joinder to this Agreement).

 

SECTION 3.10  Severability.
If any provision of this Agreement is held to be illegal, invalid or unenforceable under any present or future law (a) such provision
will be fully severable, (b) this Agreement will be construed and enforced as if such illegal, invalid or unenforceable provision
had never comprised a part hereof, (c) the remaining provisions of this Agreement will remain in full force and effect and will not
be affected by the illegal, invalid or unenforceable provision or by its severance herefrom and (d) in lieu of such illegal, invalid
or unenforceable provision, there will be added automatically as a part of this Agreement a legal, valid and enforceable provision as
similar in terms of such illegal, invalid or unenforceable provision as may be possible.

 

SECTION 3.11   Amendment;
Waivers. This Agreement may not be amended, supplemented or modified except by an instrument
in writing signed on behalf of the Company, Holdings, and the holders of a majority of the then outstanding Class B Units. Any term
or condition of this Agreement may be waived at any time by the Party that is entitled to the benefit thereof, but no such waiver shall
be effective, unless set forth in a written instrument duly executed by or on behalf of the party waiving such term or condition. No waiver
by any party hereto of any term or condition of this Agreement, in any one or more instances, shall be deemed to be or construed as a
waiver of the same or any other term or condition of this Agreement on any future occasion.

 

SECTION 3.12   Consent
to Jurisdiction. Each party hereto irrevocably submits to the exclusive jurisdiction of the
Court of Chancery of the State of Delaware (unless the Federal courts have exclusive jurisdiction over the matter, in which case the United
Stated District for the District of Delaware) for the purposes of any Legal Proceeding arising out of this Agreement, the or the transactions
contemplated hereby, and agrees to commence any such Legal Proceeding only in such courts. Each party hereto further agrees that service
of any process, summons, notice or document by United States registered mail to such party’s respective address set forth herein
shall be effective service of process for any such Legal Proceeding. Each party hereto irrevocably and unconditionally waives any objection
to the laying of venue of any action, suit, hearing, claim, lawsuit, litigation, investigation, arbitration or proceeding out of this
Agreement or the transactions contemplated hereby in such courts, and hereby irrevocably and unconditionally waives and agrees not to
plead or claim in any such court that any such Legal Proceeding brought in any such court has been brought in an inconvenient forum. EACH
PARTY HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING OR COUNTERCLAIM (WHETHER AT LAW, IN EQUITY, BASED
ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREBY OR THE ACTIONS OF SUCH
PARTY IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT HEREOF OR THEREOF.

 

    16

    

    

 

SECTION 3.13   Tax
Treatment. For purposes of the Code and the Treasury Regulations promulgated thereunder,
this Agreement shall be treated as part of the LLC Agreement of Holdings as described in Section 761(c) of the Code and Sections
1.704-1(b)(2)(ii)(h) and 1.761-1(c) of the Treasury Regulations promulgated thereunder. An Exchange under this Agreement is
intended to constitute a taxable sale pursuant to Section 1001 of the Code and shall, to the extent permitted by law, be so treated
for U.S. income tax reporting purposes.

 

SECTION 3.14  Specific
Performance. Each party hereto acknowledges that the remedies at law of the other parties
for a breach or threatened breach of this Agreement would be inadequate and, in recognition of this fact, any party to this Agreement,
without posting any bond or furnishing other security, and in addition to all other remedies that may be available, shall be entitled
to equitable relief in the form of specific performance, a temporary restraining order, a temporary or permanent injunction or any other
equitable remedy that may then be available and no party shall oppose the granting of such relief on the basis that money damages would
be sufficient.

 

SECTION 3.15   Governing
Law. This Agreement shall be governed by and interpreted and enforced in accordance with
the laws of the State of Delaware, without giving effect to any choice of law or conflict of laws rules or provisions (whether of
the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State
of Delaware.

 

SECTION 3.16   Counterparts.
This Agreement may be executed and delivered (including by facsimile transmission or by e-mail delivery of a “.pdf” format
data file) in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed and
delivered shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. Copies of executed
counterparts transmitted by telecopy, by e-mail delivery of a “.pdf” format data file or other electronic transmission service
shall be considered original executed counterparts for purposes of this Section 3.16.

 

[Signature Pages Follow]

 

    17

    

    

 

 

IN WITNESS WHEREOF, the parties have caused this
Agreement to be duly executed and delivered, all as of the date first set forth above.

   

	 	COMPANY
	 	 
	 	COMPOSECURE, INC.
	 	 
	 	By:	/s/ Dr. Donald G. Basile
	 	 	Name:	Dr. Donald G. Basile
	 	 	Title:	Co-Chief Executive Officer

 

[Signature
Page To Exchange Agreement]

 

     

     

    

  

	 	HOLDINGS
	 	 
	 	COMPOSECURE HOLDINGS, L.L.C.
	 	 
	 	By:	/s/ Jonathan C. Wilk
	 	 	Name:	Jonathan C. Wilk
	 	 	Title:	Chief Executive Officer

 

[Signature
Page To Exchange Agreement]

 

     

     

    

  

	 	HOLDINGS UNITHOLDER
	 	 
	 	By:	/s/  Michele D. Logan
	 	 	Name: Michele D. Logan

 

[Signature
Page To Exchange Agreement]

 

     

     

    

  

	 	HOLDINGS UNITHOLDER
	 	 
	 	EPHESIANS 3:16 HOLDINGS LLC
	 	 
	 	By:	/s/  Michele D. Logan
	 	 	Name: Michele D. Logan
	 	 	Title:   Manager

  

[Signature
Page To Exchange Agreement]

 

     

     

    

  

	 	HOLDINGS UNITHOLDER
	 	 
	 	CAROL D. HERSLOW CREDIT SHELTER TRUST B
	 	 
	 	By:	/s/  Michele D. Logan
	 	 	Name: Michele D. Logan
	 	 	Title:   Trustee

  

	 	CAROL D. HERSLOW CREDIT SHELTER TRUST B
	 	 
	 	By:	 
	 	 	Name: John H. Herslow
	 	 	Title:   Trustee

  

[Signature
Page To Exchange Agreement]

 

     

     

    

 

	 	HOLDINGS UNITHOLDER
	 	 
	 	CAROL D. HERSLOW CREDIT SHELTER TRUST B
	 	 
	 	By:	
	 	 	Name: Michele D. Logan
	 	 	Title:   Trustee

  

	 	CAROL D. HERSLOW CREDIT SHELTER TRUST B
	 	 
	 	By:	/s/  John H. Herslow
	 	 	Name: John H. Herslow
	 	 	Title:   Trustee

 

[Signature
Page To Exchange Agreement]

 

     

     

    

  

	 	HOLDINGS UNITHOLDER
	 	 
	 	By:	/s/ Luis DaSilva
	 	 	Name:  Luis DaSilva

  

[Signature
Page To Exchange Agreement]

 

     

     

    

  

	 	HOLDINGS UNITHOLDER
	 	 
	 	LLR EQUITY PARTNERS IV, L.P.
	 	 
	 	By: LLR Capital IV, L.P., its general partner
	 	By: LLR Capital IV, LLC, its general partner
	 	 
	 	By:	/s/ Mitchell Hollin
	 	Name: Mitchell Hollin
	 	Title: Member

 

	 	LLR EQUITY PARTNERS PARALLEL IV, L.P..
	 	 
	 	By: LLR Capital IV, L.P., its general partner
	 	By: LLR Capital IV, LLC, its general partner
	 	 
	 	By:	/s/ Mitchell Hollin
	 	Name: Mitchell Hollin
	 	Title: Member

 

[Signature
Page To Exchange Agreement]

 

     

     

    

 

	 	HOLDINGS UNITHOLDER
	 	 
	 	KEVIN KLEINSCHMIDT 2016 TRUST DATED JANUARY 22, 2016
	 	 
	 	By:	/s/ Sarah Kleinschmidt
	 	Name: Sarah Kleinschmidt
	 	Title: Trustee

  

[Signature
Page To Exchange Agreement]

 

     

     

    

  

	 	HOLDINGS UNITHOLDER
	 	 
	 	By:	/s/ Richard Vague
	 	Name: Richard Vague

  

[Signature
Page To Exchange Agreement]

 

     

     

    

  

	 	HOLDINGS UNITHOLDER
	 	 
	 	By:	/s/ B. Graeme Frazier, IV
	 	Name: B. Graeme Frazier, IV

  

[Signature
Page To Exchange Agreement]

 

     

     

    

 

	 	HOLDINGS UNITHOLDER
	 	 
	 	By:	/s/ Joseph M. Morris
	 	Name: Joseph M. Morris

 

[Signature
Page To Exchange Agreement]

 

     

     

    

  

	 	HOLDINGS UNITHOLDER
	 	 
	 	COMPOSECURE EMPLOYEE, L.L.C.

 

	 	By:	/s/ Jonathan C. Wilk
	 	Name:	Jonathan C. Wilk
	 	Title:	Manager

 

[Signature
Page To Exchange Agreement]

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