Document:

Exhibit 10.1

 

 

 

TAX RECEIVABLE AGREEMENT

 

by and among

 

QualTek Services Inc.

  

QualTek HoldCo, LLC, 

 

BCP QualTek, LLC, 

 

as TRA HOLDER REPRESENTATIVE, 

 

the several TRA HOLDERS (as defined herein)

 

and 

 

OTHER TRA HOLDERS

FROM TIME TO TIME PARTY HERETO

 

Dated as of [•], 2021

 

 

 

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TABLE OF CONTENTS

 

	 	Page
	 	 
	Article I. DEFINITIONS	2
	 	 
	Section 1.1	Definitions	2
	Section 1.2	Rules of Construction	10
	 	 	 
	Article II. DETERMINATION OF REALIZED TAX BENEFIT	11
	 	 
	Section 2.1	Basis Adjustments; LLC 754 Election	11
	Section 2.2	Basis Schedules	12
	Section 2.3	Tax Benefit Schedules	12
	Section 2.4	Procedures; Amendments	13
	 	 
	Article III. TAX BENEFIT PAYMENTS	14
	 	 
	Section 3.1	Timing and Amount of Tax Benefit Payments	14
	Section 3.2	No Duplicative Payments	17
	Section 3.3	Pro-Ration of Payments as Between the TRA Holders	18
	Section 3.4	Optional Estimated Tax Benefit Payment Procedure	19
	Section 3.5	Overpayments	19
	 	 	 
	Article IV. TERMINATION	20
	 	 
	Section 4.1	Early Termination of Agreement; Breach of Agreement	20
	Section 4.2	Early Termination Notice	22
	Section 4.3	Payment Upon Early Termination	22
	 	 	 
	Article V. SUBORDINATION AND LATE PAYMENTS	23
	 	 
	Section 5.1	Subordination	23
	Section 5.2	Late Payments by the Corporation	23
	 	 	 
	Article VI. TAX MATTERS; CONSISTENCY; COOPERATION	24
	 	 
	Section 6.1	Participation in the Corporation’s Tax Matters	24
	Section 6.2	Consistency	24
	Section 6.3	Cooperation	24

 

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	Article VII. MISCELLANEOUS	25
	 	 
	Section 7.1	Notices	25
	Section 7.2	Counterparts	26
	Section 7.3	Entire Agreement; No Third Party Beneficiaries	26
	Section 7.4	Governing Law	26
	Section 7.5	Severability	27
	Section 7.6	Assignments; Amendments; Successors; No Waiver	27
	Section 7.7	Titles and Subtitles	28
	Section 7.8	Resolution of Disputes	28
	Section 7.9	Reconciliation	29
	Section 7.10	Withholding	30
	Section 7.11	Admission of the Corporation into a Consolidated Group; Transfers of Corporate Assets	30
	Section 7.12	Change in Law	31
	Section 7.13	Interest Rate Limitation	31
	Section 7.14	Independent Nature of Rights and Obligations	32
	Section 7.15	LLC Agreement	32
	Section 7.16	Confidentiality	32
	Section 7.17	TRA Holder Representative	33
	Section 7.18	Non-Effect of Other Tax Receivable Agreements	34

 

Exhibits

 

Exhibit A - Form of
Joinder Agreement  

 

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TAX RECEIVABLE AGREEMENT

 

This TAX RECEIVABLE
AGREEMENT (as the same may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, this
 “Agreement”), dated as of [•], 2021, is hereby entered into by and among QualTek Services Inc., a Delaware
corporation (the “Corporation”), QualTek HoldCo, LLC, a Delaware limited liability company (the
 “LLC”), the TRA Holder Representative (as defined below), and each of the Purchase TRA Holders, the Exchange TRA
Holders and the Blocker TRA Holders (each as defined below) from time to time party hereto (collectively, the “TRA
Holders”).

 

RECITALS

 

WHEREAS, the LLC is treated
as a partnership for U.S. federal income tax purposes;

 

WHEREAS, each of the members
of the LLC other than the Corporation (such members who are parties hereto and their respective assignees who become parties hereto by
satisfying the Joinder Requirement), directly or indirectly owns limited liability company interests in the LLC (the “Common
Units”);

 

WHEREAS, pursuant to
that certain Business Combination Agreement dated as of June, 2021 (as the same may be amended, restated, amended and restated,
supplemented or otherwise modified from time to time, the “Business Combination Agreement”), by and among the
LLC, the Corporation, Roth CH III Blocker Merger Sub, LLC, a Delaware limited liability company (“Blocker Merger
Sub”), BCP QualTek Investors, LLC, a Delaware limited liability company (the “Blocker”), Roth CH III
Merger Sub, LLC, a Delaware limited liability company (“Company Merger Sub”), and BCP QualTek, LLC, a Delaware
limited liability company, solely in its capacity as the Equityholder Representative (as defined in the Business Combination
Agreement), at the Closing (as defined in the Business Combination Agreement), among other things, (a) Blocker Merger Sub merged
with and into the Blocker, with the Blocker surviving, and immediately thereafter, the Blocker merged with and into the Corporation,
with the Corporation surviving (collectively, the “Reorganization Transactions”), (b) Company Merger Sub merged
with and into the LLC, with the LLC surviving, and as a result, the Corporation acquired Common Units and became the Managing Member
(as defined in the LLC Agreement) of the LLC and (c) certain members of the LLC (members described in this clause, in each case
solely to the extent that such member is a party to this Agreement, the “Purchase TRA Holders”) received cash,
Class B Common Stock and new Common Units in exchange for their Common Units ( the foregoing transactions, the “Business
Combination”);

 

WHEREAS, in connection with
the Business Combination, the LLC will revalue its property for U.S. federal income tax purposes (and any corresponding U.S. state or
local tax purposes) pursuant to Section 1.704-1 of the Treasury Regulations;

 

WHEREAS, pursuant to and
subject to the terms of the LLC Agreement, from time to time, each holder of Common Units (other than the Corporation) has the right
to require the LLC to redeem (a “Redemption”) all or a portion of such holder’s Common Units for Class A
Common Stock or, at the Corporation’s election, cash, in either case, to be contributed to the LLC by the Corporation; provided
that, at the election of the Corporation in its sole discretion, the Corporation may effect a direct exchange (a “Direct
Exchange”) of such Class A Common Stock or cash for such Common Units (holders described in this clause, in each case
solely to the extent that such holder is a party to this Agreement, the “Exchange TRA Holders”);

 

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WHEREAS, the LLC and any direct
or indirect Subsidiary (owned through a chain of entities each of which is treated as a partnership or a disregarded entity for U.S. federal
income tax purposes) of the LLC that is treated as a partnership for U.S. federal income tax purposes (together with the LLC and any direct
or indirect Subsidiary (owned through a chain of entities each of which is treated as a partnership or a disregarded entity for U.S. federal
income tax purposes) of the LLC that is treated as a disregarded entity for U.S. federal income tax purposes, the “LLC Group”)
will, to the extent such direct or indirect Subsidiary is treated as a partnership for U.S. federal income tax purposes, have in effect
an election under Section 754 of the Code (as defined below) for the Taxable Year (as defined below) in which the Closing and any Exchange
(as defined below) occurs, which election should result in an adjustment to the Corporation’s share of the tax basis of the assets
owned by the LLC Group as of the Closing Date and the date of any such Exchange; and

 

WHEREAS, the Parties desire
to provide for certain payments and make certain arrangements with respect to (a) certain tax benefits derived by the Corporation as a
result of the Closing, the Reorganization Transactions and any Exchanges, (b) certain tax attributes of the LLC Group and (c) the receipt
of payments under this Agreement.

 

NOW, THEREFORE, in consideration
of the foregoing and the respective covenants and agreements set forth herein, and intending to be legally bound hereby, the Parties agree
as follows:

 

Article
I.

DEFINITIONS

 

Section
1.1           Definitions. As used in this Agreement, the terms set forth in this Article I shall have the following meanings
(such meanings to be equally applicable to both (a) the singular and plural and (b) the active and passive forms of the terms defined).

 

“Advisory Firm”
means any accounting firm that is nationally recognized as being an expert in Covered Tax matters and is not an Affiliate of the Corporation,
provided that such Advisory Firm that is used by the Corporation shall be selected by the Corporation and be reasonably acceptable to
the TRA Holder Representative.

 

“Actual Interest
Amount” is defined in Section 3.1(b)(vii).

 

“Affiliate”
means, with respect to any Person, any other Person that directly or indirectly, through one or more intermediaries, Controls, is Controlled
by, or is under common Control with, such first Person.

 

“Agreed Rate”
means LIBOR plus 200 basis points.

 

“Agreement”
is defined in the preamble to this Agreement.

 

“Amended Schedule”
is defined in Section 2.4(b).

 

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“Assumed State and
Local Tax Rate” means the tax rate equal to the sum of the products of (i) the Corporation’s income tax apportionment
factor for each state and local jurisdiction in which the Corporation files income or franchise tax returns for the relevant Taxable Year
and (ii) the highest corporate income and franchise tax rate in effect for such Taxable Year for each such state and local jurisdiction
in which the Corporation files income tax returns for each relevant Taxable Year.

 

“Attributable”
is defined in Section 3.1(b)(i).

 

“Bankruptcy Code”
is defined in Section 4.1(c).

 

“Basis Adjustment”
means a Purchase Basis Adjustment or an Exchange Basis Adjustment.

 

“Basis Schedule”
is defined in Section 2.2.

 

“Blocker Attributes”
means any U.S. federal, state, or local net operating losses, capital losses, disallowed interest expense carryforwards under Section
163(j) of the Code (and any comparable provision of U.S. federal, state, or local tax law), credit carryforwards, and foreign tax credits
of the Blocker relating to taxable periods ending on or prior to the Closing Date.

 

“Blocker”
is defined in the recitals to this Agreement.

 

“Blocker Merger Sub”
is defined in the recitals to this Agreement.

 

“Blocker TRA Holders”
means the equityholders of the Blocker as of immediately prior to the commencement of the Reorganization Transactions.

 

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

 

“Business Combination”
is defined in the recitals to this Agreement.

 

“Business Combination
Agreement” is defined in the recitals to this Agreement.

 

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

 

“Change of Control”
shall have the same meaning defined in the LLC Agreement.

 

“Class A Common Stock”
is defined in the Business Combination Agreement.

 

“Class B Common Stock”
is defined in the Business Combination Agreement.

 

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

 

“Common Basis”
means the existing tax basis of the Reference Assets (determined, with respect to each TRA Holder, as of immediately prior to the Closing,
such TRA Holder’s Exchange or the Reorganization Transactions, as applicable) that are depreciable or amortizable (including assets
that will eventually be subject to depreciation or amortization, once placed in service) for U.S. federal income tax purposes attributable
to Common Units acquired by the Corporation at the Closing, in an Exchange or in the Reorganization Transactions. For the avoidance of
doubt, Common Basis shall not include any Basis Adjustments.

 

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“Common Units”
is defined in the recitals of this Agreement.

 

“Company Merger Sub”
is defined in the recitals to this Agreement.

 

“Control”
means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether
through ownership of voting securities, by contract or other agreement.

 

“Corporation”
is defined in the preamble to this Agreement.

 

“Covered Person”
is defined in Section 7.17.

 

“Covered Tax Benefit”
is defined in Section 3.3(a).

 

“Covered Taxes”
means any and all U.S. federal, state, local, and foreign taxes, assessments or similar charges that are based on or measured with respect
to net income or profits and any interest related thereto.

 

“Cumulative Net Realized
Tax Benefit” is defined in Section 3.1(b)(iii).

 

“Default Rate”
means LIBOR plus 400 basis points.

 

“Default Rate Interest”
is defined in Section 3.1(b)(ix).

 

“Determination”
shall have the meaning ascribed to such term in Section 1313(a) of the Code or similar provision of U.S. state tax law, as applicable,
or any other event (including the execution of IRS Form 870-AD) that finally and conclusively establishes the amount of any liability
for tax.

 

“Direct Exchange”
is defined in the recitals to this Agreement.

 

“Dispute”
is defined in Section 7.8(a).

 

“Early Termination
Effective Date” means the date of an Early Termination Notice for purposes of determining the Early Termination Payment.

 

“Early Termination
Notice” is defined in Section 4.2.

 

“Early Termination
Payment” is defined in Section 4.3(b).

 

“Early Termination
Rate” means the LIBOR plus 200 basis points.

 

“Early Termination
Reference Date” is defined in Section 4.2.

 

“Early Termination
Schedule” is defined in Section 4.2.

 

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“Estimated Tax Benefit
Payment” is defined in Section 3.4.

 

“Exchange”
means any Direct Exchange or Redemption.

 

“Exchange Basis Adjustment”
means the increase or decrease to the tax basis of, or the Corporation’s share of, the tax basis of the Reference Assets (i) under
Section 734(b), 743(b) and 754 of the Code (in situations where, following an Exchange, the LLC remains in existence as an entity for
tax purposes) and (ii) under Sections 732 and 1012 of the Code (in situations where, as a result of one or more Exchanges, the LLC becomes
an entity that is disregarded as separate from its owner for tax purposes), in each case, as a result of any Exchange and any payments
made under this Agreement with respect thereto. Notwithstanding any other provision of this Agreement, the amount of any Basis Adjustment
resulting from an Exchange of one or more Common Units shall be determined without regard to any Pre-Exchange Transfer of such Common
Units and as if any such Pre-Exchange Transfer had not occurred.

 

“Exchange Date”
means the date of any Exchange.

 

“Exchange TRA Holders”
is defined in the recitals to this Agreement.

 

“Expert”
is defined in Section 7.9.

 

“Federal Reserve
Bank of New York’s Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or
any successor source.

 

“Final Payment Date”
means any date on which a payment is required to be made pursuant to this Agreement. For the avoidance of doubt, the Final Payment Date
in respect of a Tax Benefit Payment is determined pursuant to Section 3.1(a).

 

“Hypothetical Tax
Liability” means, with respect to any Taxable Year, the hypothetical liability of the Corporation that would arise in respect
of Covered Taxes, using the same methods, elections, conventions and similar practices used on the actual relevant Tax Returns of the
Corporation but (i) calculating depreciation, amortization, or other similar deductions, or otherwise calculating any items of income,
gain, or loss, using the Corporation’s share of the Non-Adjusted Tax Basis as reflected on the applicable Basis Schedule, including
amendments thereto for the Taxable Year, (ii) excluding the effect of any and all Blocker Attributes, and (iii) excluding any deduction
attributable to Imputed Interest for the Taxable Year; provided, that for purposes determining the Hypothetical Tax Liability,
the combined tax rate for U.S. state and local Covered Taxes (but not, for the avoidance of doubt, federal Covered Taxes) shall be the
Assumed State and Local Tax Rate. For the avoidance of doubt, (A) the Hypothetical Tax Liability shall be determined without taking into
account the carryover or carryback of any tax item attributable to Imputed Interest, Basis Adjustments (or portions thereof), Blocker
Attributes, or Common Basis and (B) the calculation of the Hypothetical Tax Liability shall take into account any U.S. federal income
tax benefit actually realized by the Corporation with respect to state and local jurisdiction income taxes (with such benefit taking into
account the Corporation’s marginal U.S. federal income tax rate for the relevant Taxable Year, the Assumed State and Local Tax Rate,
and the deductibility, if any, of state and local jurisdiction income taxes).

 

“Imputed Interest”
is defined in Section 3.1(b)(vi).

 

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“IRS” means
the U.S. Internal Revenue Service.

 

“Joinder”
means a joinder to this Agreement, in form and substance substantially similar to Exhibit A to this Agreement.

 

“Joinder Requirement”
is defined in Section 7.6(a).

 

“LIBOR”
means for each month (or portion thereof) during any period, an interest rate per annum equal to the rate per annum reported, on the date
two Business Days prior to the first Business Day of such month, as published on the applicable Bloomberg screen page (or other commercially
available source providing quotations of LIBOR) for one-month London interbank offered rates for U.S. dollar deposits for such month (or
portion thereof). If LIBOR ceases to be published in accordance with the definition thereof, the Corporation and the LLC shall work together
in good faith to select a replacement rate with similar characteristics that gives due consideration to the prevailing market conventions
for determining rates of interest in the United States at such time, and from and after the date LIBOR ceases to be so published any such
replacement rate so selected shall be treated as LIBOR for purposes of this Agreement. If there is a public statement or publication of
information by or on behalf of the administrator of LIBOR announcing that such administrator has ceased or will cease to provide LIBOR,
permanently or indefinitely (each, a “LIBOR Transition Event”), the Corporation and the LLC shall work together in
good faith to select a replacement rate that gives due consideration to the prevailing market convention for determining a rate of interest
as a replacement for LIBOR for U.S. dollar-denominated syndicated credit facilities at such time, and any such replacement rate so selected
shall be treated as LIBOR for purposes of this Agreement (it being understood and agreed that Term SOFR is an acceptable replacement rate);
provided that (i) if the Corporation and the LLC do not agree on a replacement rate within five (5) Business Days of a LIBOR Transition
Event, then Term SOFR shall be the replacement rate and (ii) upon the establishment of any such replacement rate, the Corporation and
the LLC may amend this Agreement to reflect any technical, administrative or operational changes that such parties decide may be appropriate
to reflect the adoption, implementation and/or administration of such replacement rate.

 

“LLC” is
defined in the preamble to this Agreement.

 

“LLC Agreement”
means that certain Third Amended and Restated Limited Liability Company Agreement of the LLC, dated as of the date hereof, as such agreement
may be further amended, restated, amended and restated, supplemented or otherwise modified from time to time.

 

“LLC Group”
is defined in the recitals to this Agreement.

 

“Maximum Rate”
means is defined in Section 7.13.

 

“Net Tax Benefit”
is defined in Section 3.1(b)(ii).

 

“Non-Adjusted Tax
Basis” means (i) with respect to any Reference Asset, at any time, the tax basis for purposes of U.S. federal income tax law
that such asset would have had at such time if no Basis Adjustments had been made, and (ii) in the case of any Reference Asset that is
depreciable or amortizable (including, for the avoidance of doubt, any amortizable Section 197 intangible (as such term is used in the
Code)), for purposes of U.S. federal income tax law, treating such Reference Asset as having a Common Basis of zero at all times.

 

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“Non-Blocker TRA
Holders” means the Purchase TRA Holders and the Exchange TRA Holders.

 

“Non-TRA Portion”
is defined in Section 2.3.

 

“Objection Notice”
is defined in Section 2.4(a)(i).

 

“Parties”
means the parties named on the signature pages to this agreement and each additional party that satisfies the Joinder Requirement, in
each case, with their respective successors and assigns.

 

“Person”
means any individual, corporation, firm, partnership, joint venture, limited liability company, estate, trust, business association, organization,
governmental entity or other entity.

 

“Pre-Exchange Transfer”
means any transfer of one or more Common Units (including upon the death of a TRA Holder) (i) that occurs after the Business Combination
but prior to an Exchange of such Common Units and (ii) to which Section 743(b) of the Code applies.

 

“Purchase Basis Adjustment”
means the increase or decrease to the tax basis of, or the Corporation’s share of, the tax basis of the Reference Assets under Section
734(b), 743(b), 754 or 755 of the Code, in each case, as a result of the Closing and any payments made under this Agreement with respect
thereto.

 

“Purchase TRA Holders”
is defined in the recitals to this Agreement.

 

“Realized Tax Benefit”
is defined in Section 3.1(b)(iv).

 

“Realized Tax Detriment”
is defined in Section 3.1(b)(v).

 

“Reconciliation Dispute”
is defined in Section 7.9.

 

“Reconciliation Procedures”
is defined in Section 2.4(a).

 

“Redemption”
is defined in the recitals to this Agreement.

 

“Reference Asset”
means any tangible or intangible asset of any member of the LLC Group or any of their respective successors or assigns, whether held directly
by the LLC or indirectly by the LLC through any entity in which the LLC now holds or may subsequently hold an ownership interest (but
only if such entity is treated as a partnership or disregarded entity for U.S. federal income tax purposes and for purposes of state or
local income tax law), at the time of the Closing, an Exchange, the Reorganization Transaction or other applicable transaction. A Reference
Asset also includes any asset the tax basis of which is determined, in whole or in part, by reference to the tax basis of an asset that
is described in the preceding sentence, including “substituted basis property” within the meaning of Section 7701(a)(42) of
the Code.

 

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“Relevant Governmental
Body” means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened
by the Federal Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto.

 

“Reorganization Transactions”
is defined in the recitals to this Agreement.

 

“Rules”
is defined in Section 7.8(a).

 

“Schedule”
means any of the following: (i) a Basis Schedule, (ii) a Tax Benefit Schedule, or (iii) the Early Termination Schedule, and, in each case,
any amendments thereto.

 

“Senior Obligations”
is defined in Section 5.1.

 

“SOFR”
with respect to any day means the secured overnight financing rate published for such day by the Federal Reserve Bank of New York, as
the administrator of the benchmark, (or a successor administrator) on the Federal Reserve Bank of New York’s Website.

 

“Subsidiary”
means, with respect to any Person and as of the date of any determination, any other Person as to which such Person, owns, directly or
indirectly, or otherwise controls, more than 50% of the voting power or other similar interests, or the sole general partner interest,
or managing member or similar interest, of such Person.

 

“Subsidiary Stock”
means any stock or other equity interest in any Subsidiary of the Corporation that is treated as a corporation for U.S. federal income
tax purposes and applicable state and local tax purposes.

 

“Tax Benefit Payment”
is defined in Section 3.1(b).

 

“Tax Benefit Schedule”
is defined in Section 2.3(a).

 

“Tax Return”
means any return, declaration, report or similar statement filed or required to be filed with respect to taxes (including any attached
schedules), including any information return, claim for refund, amended return and declaration of estimated tax.

 

“Taxable Year”
means a taxable year of the Corporation as defined in Section 441(b) of the Code or comparable section of U.S. state or local tax law,
as applicable (and, therefore, for the avoidance of doubt, may include a period of less than twelve (12) months for which a Tax Return
is made), ending on or after the Closing Date.

 

“Taxing Authority”
means any national, federal, state, county, municipal, or local government, or any subdivision, agency, commission or authority thereof,
or any quasi-governmental body, or any other authority of any kind, exercising regulatory or other authority in relation to tax matters.

 

“Term SOFR”
means the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.

 

“Termination Objection
Notice” is defined in Section 4.2.

 

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“TRA Holders”
is defined in the preamble to this Agreement.

 

“TRA Holder Representative”
means BCP QualTek, LLC, a Delaware limited liability company, as of the date hereof, and any successor TRA Holder Representative that
may be appointed pursuant to Section 7.17.

 

“TRA Portion”
means Section 2.3(b).

 

“Treasury Regulations”
means the final, temporary, and (to the extent they can be relied upon) proposed regulations under the Code, as promulgated from time
to time (including corresponding provisions and succeeding provisions) as in effect for the relevant taxable period.

 

“True-Up”
is defined in Section 3.4.

 

“U.S.”
means the United States of America.

 

“Valuation Assumptions”
means, as of an Early Termination Effective Date, the assumptions that:

 

(1)       in
each Taxable Year ending on or after such Early Termination Effective Date, the Corporation will have taxable income sufficient to fully
use the deductions arising from the Basis Adjustments, Common Basis, Blocker Attributes, and the Imputed Interest during such Taxable
Year or future Taxable Years (including, for the avoidance of doubt, Basis Adjustments and Imputed Interest that would result from future
Tax Benefit Payments that would be paid in accordance with the Valuation Assumptions) in which such deductions would become available,
taking into account clause (4) below;

 

(2)       (i)
the U.S. federal income tax rates that will be in effect for each such Taxable Year will be those specified for each such Taxable Year
by the Code and other law as in effect on the Early Termination Effective Date, except to the extent any change to such tax rates for
such Taxable Year has already been enacted into law, and (ii) the combined U.S. state and local income tax rates (but not, for the avoidance
of doubt, U.S. federal income tax rates) for each such Taxable Year shall be the Assumed State and Local Tax Rate for the Taxable Year
that includes the Early Termination Effective Date;

 

(3)       all
taxable income of the Corporation will be subject to the maximum applicable tax rates for each Covered Tax throughout the relevant period;
provided that, the combined tax rate for U.S. state and local income taxes (but not, for the avoidance of doubt, federal income
tax) shall be the Assumed State and Local Tax Rate, and, for the avoidance of doubt, the applicable calculations shall take into account
any U.S. federal income tax benefit actually realized by the Corporation with respect to state and local jurisdiction income taxes (with
such benefit taking into account the Corporation’s applicable marginal U.S. federal income tax rate, the Assumed State and Local
Tax Rate, and the deductibility, if any, of state and local jurisdiction income taxes);

 

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(4)       any
loss or disallowed interest or other loss carryovers or carryforwards generated by any Basis Adjustments, Common Basis, Blocker Attributes,
or Imputed Interest (including any such Basis Adjustments, and Imputed Interest generated as a result of payments under this Agreement)
and available as of the Early Termination Effective Date, and any Blocker Attributes that have not been previously utilized in determining
a Tax Benefit Payment as of the Early Termination Effective Date, will be used by the Corporation on a pro rata basis over a fifteen-year
period beginning on the Early Termination Effective Date, or up through their scheduled expiration under applicable law (if earlier) (provided
that, in any year that the Corporation is prevented from fully utilizing net operating losses or other tax attributes attributable to
the Blocker pursuant to Section 382, 383, or 384 of the Code, or any successor provision or similar provision under state or local law,
the amount utilized for purposes of this provision shall not exceed the amount that would otherwise be utilizable under Section 382, 383,
or 384 of the Code, or any successor provision or similar provision under state or local law);

 

(5)       any
non-amortizable assets (other than Subsidiary Stock) will be disposed of on the earlier of (i) the fifteenth anniversary of the applicable
Basis Adjustment (or, if such Basis Adjustment occurred more than fifteen years before the Early Termination Effective Date, the Early
Termination Effective Date) and (ii) the fifteenth anniversary of the Early Termination Effective Date;

 

(6)       any
Subsidiary Stock will be deemed never to be disposed of except if Subsidiary Stock is directly disposed of in the Change of Control;

 

(7)       if,
on the Early Termination Effective Date, any TRA Holder has Common Units that have not been Exchanged, then such Common Units shall be
deemed to be Exchanged for the fair market value that would be received by such TRA Holder if such Common Units had been Exchanged on
the Early Termination Effective Date, and such TRA Holder shall be deemed to receive the amount of cash such TRA Holder would have been
entitled to pursuant to Section 4.3(a) had such Common Units actually been Exchanged on the Early Termination Effective Date; and

 

(8)       any
payment obligations pursuant to this Agreement will be satisfied on the date that any Tax Return to which such payment obligation relates
is required to be filed under applicable law as of the Early Termination Effective Date excluding any extensions.

 

Section
1.2       
Rules of Construction. Unless otherwise specified herein:

 

(a)              
The meanings of defined terms are equally applicable to the singular and plural forms of the defined terms.

 

(b)              
For purposes of interpretation of this Agreement:

 

(i)               The
words “herein,” “hereto,” “hereof” and “hereunder” and words of similar import when used
in this Agreement shall refer to this Agreement as a whole and not to any particular provision thereof.

 

(ii)             
References in this Agreement to a Schedule, Article, Section, clause or sub-clause refer to the appropriate Schedule to, or Article,
Section, clause or subclause in, this Agreement.

 

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(iii)             
References in this Agreement to dollars or “$” refer to the lawful currency of the United States of America.

 

(iv)            
The term “including” is by way of example and not limitation.

 

(v)             
The term “documents” includes any and all instruments, documents, agreements, certificates, notices, reports, financial
statements and other writings, however evidenced, whether in physical or electronic form.

 

(vi)            
The term “or” shall not be exclusive and shall instead mean “and/or.”

 

(c)           In
the computation of periods of time from a specified date to a later specified date, the word “from” means “from and
including;” the words “to” and “until” each mean “to but excluding;” and the word “through”
means “to and including.”

 

(d)           Unless
otherwise expressly provided herein, (a) references to organization documents (including the LLC Agreement), agreements (including this
Agreement) and other contractual instruments shall be deemed to include all subsequent amendments, restatements, extensions, supplements
and other modifications thereto, but only to the extent that such amendments, restatements, extensions, supplements and other modifications
are permitted hereby; and (b) references to any law (including the Code and the Treasury Regulations) shall include all statutory and
regulatory provisions consolidating, amending, replacing, supplementing or interpreting such law.

 

Article
II.

DETERMINATION OF REALIZED TAX BENEFIT

 

Section
2.1        
Basis Adjustments; LLC 754 Election; Revaluation.

 

(a)           Basis
Adjustments. To the fullest extent permitted by law, the Parties acknowledge and agree to treat (i) each Direct Exchange as giving
rise to Basis Adjustments and (ii) each Redemption using cash or Class A Common Stock contributed to the LLC by the Corporation as a
direct purchase of Common Units by the Corporation from the applicable Exchange TRA Holder pursuant to Section 707(a)(2)(B) of the Code
as giving rise to Basis Adjustments.

 

(b)           Section
754 Election. The Corporation shall ensure that, on and after the date hereof and continuing throughout the term of this Agreement,
the LLC and each other member of the LLC Group that is treated as a partnership for U.S. federal income tax purposes will have in effect
an election under Section 754 of the Code (and under any similar provisions of applicable U.S. state or local law).

 

(c)            Revaluation. Pursuant to, and in accordance with, Section 1.704-1 of the Treasury Regulations, for U.S. federal income tax
purposes (and any corresponding U.S. state or local tax purposes), the LLC shall revalue its property to fair market value as of the time
of the Business Combination.

 

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Section
2.2        Basis
Schedules. Within one hundred twenty (120) days after the filing of the U.S. federal income Tax Return of the Corporation for each
relevant Taxable Year, the Corporation shall deliver to the TRA Holder Representative a schedule developed in consultation with the Advisory
Firm (the “Basis Schedule”) that shows, in reasonable detail as necessary in order to understand the calculations
performed under this Agreement: (a) the Purchase Basis Adjustments with respect to the Reference Assets as a result of the Closing, (b)
the Exchange Basis Adjustments with respect to the Reference Assets as a result of the relevant Exchanges effected in such Taxable Year,
(c) the period (or periods) over which each Basis Adjustment is amortizable or depreciable, (d) the Non-Adjusted Tax Basis with respect
to the Reference Assets described in clause (a) as of the Closing and in clause (b) as of each relevant Exchange, (e) the Common Basis
Attributable to the relevant TRA Holder that remains (if any) and may give rise to payments pursuant to the terms of this Agreement,
(f) the period (or periods) over which the Common Basis is amortizable or depreciable, and (g) the Blocker Attributes that remain (if
any) and may give rise to payments pursuant to the terms of this Agreement and any current or anticipated applicable limitations on the
use of the Blocker Attributes for tax purposes (including under Section 382 of the Code). The Basis Schedule will become final and binding
on the Parties pursuant to the procedures set forth in Section 2.4(a) and may be amended by the Parties pursuant to the procedures
set forth in Section 2.4(b).

 

Section
2.3        Tax
Benefit Schedules.

 

(a)           Tax
Benefit Schedule. Within one hundred twenty (120) days after the filing of the U.S. federal income Tax Return of the Corporation
for any Taxable Year in which there is a Realized Tax Benefit or Realized Tax Detriment, the Corporation shall provide to the TRA Holder
Representative a schedule developed in consultation with the Advisory Firm showing, in reasonable detail, the calculation of the Realized
Tax Benefit or Realized Tax Detriment for such Taxable Year (a “Tax Benefit Schedule”). Each Tax Benefit Schedule
will become final and binding on the Parties pursuant to the procedures set forth in Section 2.4(a), and may be amended by the
Parties pursuant to the procedures set forth in Section 2.4(b).

 

(b)            Applicable
Principles. Subject to the provisions of this Agreement, the Realized Tax Benefit or Realized Tax Detriment for each Taxable Year
is intended to measure the decrease or increase in the actual liability of the Corporation for Covered Taxes for such Taxable Year attributable
to the Basis Adjustments, Common Basis, Blocker Attributes, and Imputed Interest, as determined using a “with and without”
methodology described in Section 2.4(a). Carryovers, carryforwards, or carrybacks, of any tax item attributable to any Basis Adjustment,
Common Basis, Blocker Attributes, or Imputed Interest or any other tax item in respect thereof shall be considered to be subject to the
rules of the Code and the Treasury Regulations or the appropriate provisions of U.S. state or local tax law, as applicable, governing
the use, limitation, and expiration of carryovers, carryforwards, carrybacks, or other tax items of the relevant type. If a carryover
or carryback of any tax item includes a portion that is attributable to any Basis Adjustments, Common Basis, Blocker Attributes, or Imputed
Interest (a “TRA Portion”) and another portion that is not (a “Non-TRA Portion”), such portions
shall be considered to be used in accordance with the “with and without” methodology so that: (i) the amount of any Non-TRA
Portion is deemed utilized first, followed by the amount of any TRA Portion (calculated by taking into account the provisions of Section
3.3(a) to the extent applicable); and (ii) in the case of a carryback of a Non-TRA Portion, such carryback shall not affect the original
 “with and without” calculation made in the prior Taxable Year. The Parties agree to treat all Tax Benefit Payments (other
than Imputed Interest) to the extent permitted by applicable law (A) as subsequent upward purchase price adjustments that give rise to
further Basis Adjustments in respect of the Closing or an applicable Exchange and (B) as having the effect of creating additional Basis
Adjustments arising in the Taxable Year in which the applicable Tax Benefit Payment is made and, as a result of such treatment, to the
extent permitted by applicable law, any additional Basis Adjustments arising from such a Tax Benefit Payment shall be treated as giving
rise to a Basis Adjustment in the Taxable Year in which the Tax Benefit Payment is made on an iterative basis continuing until any incremental
Basis Adjustment is immaterial as reasonably determined by the TRA Holder Representative and the Corporation in good faith and in consultation
with the Advisory Firm.

 

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Section
2.4        Procedures;
Amendments.

 

(a)           Procedures. Each time the Corporation delivers an applicable Schedule to the TRA Holder Representative under this Agreement,
including any Amended Schedule delivered pursuant to Section 2.4(b), but excluding any Early Termination Schedule or amended Early
Termination Schedule delivered pursuant to the procedures set forth in Section 4.2, the Corporation shall also: (i) deliver supporting
schedules and work papers from an Advisory Firm and any additional materials as reasonably requested by the TRA Holder Representative
that are reasonably necessary in order to understand the calculations that were relevant for purposes of preparing such Schedule or Amended
Schedule; and (ii) allow the TRA Holder Representative and its advisors to have reasonable access to the appropriate representatives (including
employees of the Corporation or its Subsidiaries), as reasonably requested by the TRA Holder Representative, at the Corporation and the
applicable Advisory Firm in connection with a review of such Schedule or Amended Schedule. Without limiting the generality of the preceding
sentence, the Corporation shall ensure that any Tax Benefit Schedule that is delivered to the TRA Holder Representative, along with any
supporting schedules and work papers, provides a reasonably detailed presentation of the calculation of the actual liability of the Corporation
for Covered Taxes (the “with” calculation) and the Hypothetical Tax Liability of the Corporation (the “without”
calculation), and identifies any material assumptions or operating procedures or principles that were used for purposes of such calculations.
An applicable Schedule or Amended Schedule shall become final and binding on the Parties forty-five (45) days from the date on which the
TRA Holder Representative first receives the applicable Schedule or Amended Schedule unless:

 

(i)                the
TRA Holder Representative or any TRA Holder impacted by the applicable Schedule or amendment thereto, in each case within forty-five
(45) days after receiving the applicable Schedule or Amended Schedule, provides the Corporation with written notice of an objection to
such Schedule or Amended Schedule that is made in good faith and that sets forth in reasonable detail the TRA Holder Representative or
such TRA Holder’s objection (an “Objection Notice”); or

 

(ii)             
the TRA Holder Representative provides a written waiver of its right to deliver an Objection Notice within the time period described
in clause (i) above, in which case such Schedule or Amended Schedule becomes binding on the date such waiver from the TRA Representative
is received by the Corporation.

 

In the event that the TRA Holder Representative
or any TRA Holder timely delivers an Objection Notice pursuant to clause (i) immediately above and the Corporation and the TRA Holder
Representative or applicable TRA Holder(s) are for any reason unable to successfully resolve the issues raised in the Objection Notice
through good faith discussions within thirty (30) days after receipt by the Corporation of the Objection Notice, the Corporation and the
TRA Holder Representative or applicable TRA Holder(s) shall employ the reconciliation procedures set forth in Section 7.9 (the
 “Reconciliation Procedures”).

 

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(b)           Amended
Schedule. The applicable Schedule for any Taxable Year may be amended from time to time by the Corporation: (i) in connection with
a Determination affecting such Schedule; (ii) to correct inaccuracies in the Schedule identified as a result of the receipt of additional
factual information relating to a Taxable Year after the date the Schedule was provided to the TRA Holder Representative; (iii) to comply
with an Expert’s determination under the Reconciliation Procedures applicable to this Agreement; (iv) to reflect a change in the
Realized Tax Benefit or Realized Tax Detriment for such Taxable Year attributable to a carryback or carryforward of a loss or other tax
item to such Taxable Year; (v) to reflect a change in the Realized Tax Benefit or Realized Tax Detriment for such Taxable Year attributable
to an amended Tax Return filed for such Taxable Year; or (vi) to adjust a Basis Schedule to take into account any Tax Benefit Payments
made pursuant to this Agreement (any such Schedule, as so amended, an “Amended Schedule”). The Corporation will promptly
deliver any Amended Schedule to TRA Holder Representative and the provisions set forth in Section 2.4(a) will apply with respect
thereto.

 

Article
III.

TAX BENEFIT PAYMENTS

 

Section
3.1        Timing
and Amount of Tax Benefit Payments.

 

(a)           Timing
of Payments. Except as provided in Section 3.4, and subject to Sections 3.2 and 3.3, within five (5) Business
Days following the date on which each Tax Benefit Schedule that is required to be delivered by the Corporation to the TRA Holder Representative
pursuant to Section 2.3(a) becomes final in accordance with Section 2.4(a), the Corporation
shall pay to each relevant TRA Holder the Tax Benefit Payment as determined pursuant to Section 3.1(b) that is Attributable
to the relevant TRA Holder. Each such Tax Benefit Payment shall be made by wire transfer of immediately available funds to the bank account
previously designated by such TRA Holder or as otherwise agreed by the Corporation and such TRA Holder. For the avoidance of doubt, without
limiting the Corporation’s ability to make offsets against Tax Benefit Payments with respect to a particular TRA Holder to the
extent permitted by Section 3.5, the TRA Holders shall not be required under any circumstances to return any portion of any Tax
Benefit Payment previously paid by the Corporation to the TRA Holders (including any portion of any Estimated Tax Benefit Payment or
any Early Termination Payment).

 

(b)           Amount of Payments. For purposes of this Agreement, a “Tax Benefit Payment” with respect to any TRA Holder
means an amount, not less than zero, equal to the sum of: (i) the portion of the Net Tax Benefit that is Attributable to such TRA Holder
(including Imputed Interest, if any, calculated in respect of such amount) plus (ii) the Actual Interest Amount and any Default Rate Interest
with respect to the Net Tax Benefit described in the foregoing clause (i).

 

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(i)                Attributable.
A Net Tax Benefit is “Attributable” to (A) a Purchase TRA Holder to the extent that it is derived from any Common
Basis, Basis Adjustment, or Imputed Interest, that is attributable to such Purchase TRA Holder (whether through the Closing or otherwise,
which in the case of Common Basis shall be based on the Common Basis attributable to such Purchase TRA Holder’s Common Units exchanged
at the Closing for U.S. federal income tax purposes as of immediately prior to the Closing), (B) an Exchange TRA Holder to the extent
that it is derived from any Common Basis, Basis Adjustment, or Imputed Interest, that is attributable to such Exchange TRA Holder (whether
through an Exchange or otherwise, which in the case of Common Basis shall be based on the Common Basis attributable to such Exchange
TRA Holder’s Common Units subject to a given Exchange for U.S. federal income tax purposes as of immediately prior to the applicable
Exchange(s)), and (C) any Blocker TRA Holder to the extent that it is derived from any Common Basis, Blocker Attributes, or Imputed Interest
(whether attributable to the Reorganization Transactions or otherwise, which in the case of Common Basis shall be based on the Common
Basis attributable to such Blocker TRA Holder’s (direct or indirect (through the Blocker)) Common Units included in the Reorganization
Transactions for U.S. federal income tax purposes as of immediately prior to the Reorganization Transactions), in the case of each of
the foregoing clauses (A), (B) and (C), determined without regard to any dilutive or antidilutive effect of any contribution to or distribution
from the LLC after the Closing, an applicable Exchange or the Reorganization Transactions.

 

(ii)             
Net Tax Benefit. The “Net Tax Benefit” for a Taxable Year equals the amount of the excess, if any, of
(A) 85% of the Cumulative Net Realized Tax Benefit as of the end of such Taxable Year over (B) the aggregate amount of all Tax Benefit
Payments previously made under this Section 3.1. For the avoidance of doubt, without limiting the Corporation’s ability to
make offsets against Tax Benefit Payments with respect to a particular TRA Holder to the extent permitted by Section 3.5, if the
Cumulative Net Realized Tax Benefit as of the end of any Taxable Year is less than the aggregate amount of all Tax Benefit Payments previously
made, no TRA Holder shall be required to return any portion of any Tax Benefit Payment previously made by the Corporation to such TRA
Holder.

 

(iii)            
Cumulative Net Realized Tax Benefit. The “Cumulative Net Realized Tax Benefit” for a Taxable Year equals
the cumulative amount of Realized Tax Benefits for all Taxable Years of the Corporation, up to and including such Taxable Year, net of
the cumulative amount of Realized Tax Detriments for the same periods. The Realized Tax Benefit and Realized Tax Detriment for each Taxable
Year shall be determined based on the most recent Tax Benefit Schedule or Amended Schedule, if any, in existence at the time of such determination.
The computation of the Cumulative Net Realized Tax Benefit shall be adjusted to reflect any applicable Determination with respect to any
Realized Tax Benefits or Realized Tax Detriments.

 

(iv)            
Realized Tax Benefit. The “Realized Tax Benefit” for a Taxable Year equals the excess, if any, of (A)
the Hypothetical Tax Liability over (B) the actual liability of the Corporation for Covered Taxes (and the Corporation shall also use
the Assumed State and Local Tax Rate for purposes of determining the actual liability of the Corporation for all state and local Covered
Taxes). For the avoidance of doubt, the calculation of the Hypothetical Tax Liability and the actual liability of the Corporation for
Covered Taxes shall take into account any U.S. federal income tax benefit, if any, received by the Corporation with respect to state and
local jurisdiction income taxes (with such benefit taking into account the Corporation’s marginal U.S. federal income tax rate for
the relevant Taxable Year, the Assumed State and Local Tax Rate, and the deductibility, if any, of state and local jurisdiction income
taxes). If all or a portion of the actual liability for such Covered Taxes for the Taxable Year arises as a result of an audit by a Taxing
Authority of any Taxable Year, such liability shall not be included in determining the Realized Tax Benefit unless and until there has
been a Determination.

 

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(v)              
Realized Tax Detriment. The “Realized Tax Detriment” for a Taxable Year equals the excess, if any, of
(A) the actual liability of the Corporation for Covered Taxes over (B) the Hypothetical Tax Liability for such Taxable Year (and the Corporation
shall also use the Assumed State and Local Tax Rate for purposes of determining the actual liability of the Corporation for all state
and local Covered Taxes). For the avoidance of doubt, the calculation of the Hypothetical Tax Liability and the actual liability of the
Corporation for Covered Taxes shall take into account any U.S. federal income tax benefit received by the Corporation with respect to
state and local jurisdiction income taxes (with such benefit taking into account the Corporation’s marginal U.S. federal income
tax rate for the relevant Taxable Year, the Assumed State and Local Tax Rate, and the deductibility, if any, of state and local jurisdiction
income taxes). If all or a portion of the actual liability for such Covered Taxes for the Taxable Year arises as a result of an audit
by a Taxing Authority of any Taxable Year, such liability shall not be included in determining the Realized Tax Detriment unless and until
there has been a Determination.

 

(vi)             Imputed
Interest. The Parties acknowledge that the principles of Sections 1272, 1274, or 483 of the Code, as applicable, and the principles
of any similar provision of U.S. state and local tax law, may, as applicable, apply to cause a portion of any payments by the Corporation
to a TRA Holder under this Agreement to be treated as imputed interest (“Imputed Interest”). For the avoidance of
doubt, the deduction for the amount of Imputed Interest, if any, as determined with respect to any payments made by the Corporation to
a TRA Holder shall be excluded in determining the Hypothetical Tax Liability of the Corporation for purposes of calculating Realized
Tax Benefits and Realized Tax Detriments pursuant to this Agreement.

 

(vii)            Actual
Interest Amount. Subject to Section 3.4, the “Actual Interest Amount” calculated in respect of the Net
Tax Benefit for a Taxable Year, will equal an amount equal to interest calculated at the Agreed Rate from the due date (without extensions)
for filing the U.S. federal income Tax Return of the Corporation for such Taxable Year until the date on which the Corporation makes
a timely Tax Benefit Payment to the TRA Holder on or before the Final Payment Date as determined pursuant to Section 3.1(a).

 

(viii)           Default
Rate Interest. In accordance with Section 5.2, in the event that the Corporation does not make timely payment of all or any
portion of a Tax Benefit Payment to a TRA Holder on or before the Final Payment Date as determined pursuant to Section 3.1(a),
the amount of any “Default Rate Interest” calculated and payable in accordance with Section 5.2 (if any) in
respect of the Tax Benefit Payment (including previously accrued Imputed Interest and Actual Interest Amounts) for a Taxable Year will
equal interest calculated at the Default Rate from the Final Payment Date for such Tax Benefit Payment as determined pursuant to Section
3.1(a) until the date on which the Corporation makes such Tax Benefit Payment to such TRA Holder.

 

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(ix)            
The Corporation and the TRA Holders hereby acknowledge and agree that, as of the date of this Agreement and as of the date of any
future Exchange that may be subject to this Agreement, the aggregate value of the Tax Benefit Payments cannot be reasonably ascertained
for U.S. federal income or other applicable tax purposes. Notwithstanding anything to the contrary in this Agreement, with respect to
each Exchange by any TRA Holder, if such TRA Holder notifies the Corporation in writing of a stated maximum selling price (within the
meaning of Treasury Regulation 15A.453-1(c)(2)) to be applied with respect to such Exchange, the amount of the initial consideration received
in connection with such Exchange and the aggregate Tax Benefit Payments to such TRA Holder in respect of such Exchange (other than amounts
accounted for as interest under the Code) shall not exceed such stated maximum selling price.

 

(c)          Interest.
The provisions of Section 3.1(b) and Section 5.2 in respect of Default Rate Interest are intended to operate so that interest
will effectively accrue (or in the case of Imputed Interest be treated as accruing solely for U.S. federal income or applicable state
or local income tax purposes) in respect of the Net Tax Benefit (or Tax Benefit Payment in respect of any Actual Interest Amount or Default
Rate Interest) for any Taxable Year as follows:

 

(i)                first,
solely for U.S. federal income or applicable state or local income tax purposes, at the applicable rate used to determine the amount
of Imputed Interest under the Code (from the Closing Date or the relevant Exchange Date until the due date (without extensions) for filing
the U.S. federal income Tax Return of the Corporation for such Taxable Year and, if required under applicable law, through the Final
Payment Date for a Tax Benefit Payment as determined pursuant to Section 3.1(a));

 

(ii)             
second, at the Agreed Rate (from the due date (without extensions) for filing the U.S. federal income Tax Return of the Corporation
for such Taxable Year until the Final Payment Date for a Tax Benefit Payment as determined pursuant to Section 3.1(a)); and

 

(iii)            
third, in accordance with Section 5.2, at the Default Rate (from the Final Payment Date for a Tax Benefit Payment as determined
pursuant to Section 3.1(a) until the date on which the Corporation makes the relevant Tax Benefit Payment to the applicable TRA
Holder).

 

Section
3.2               No
Duplicative Payments. It is intended that the provisions of this Agreement will not result in the duplicative payment of any amount
(including interest) that may be required under this Agreement and the provisions of this Agreement shall be consistently interpreted
and applied in accordance with such intent.

 

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Section
3.3           
Pro-Ration of Payments as Between the TRA Holders.

 

(a)         Insufficient
Taxable Income. Notwithstanding anything in Section 3.1(b) to the contrary, if the aggregate potential depreciation, amortization
or other tax benefit in respect of the Common Basis, Basis Adjustments, Blocker Attributes, Imputed Interest, Actual Interest Amounts,
and Default Rate Interest for purposes of determining the Corporation’s liability for Covered Taxes (the “Covered
Tax Benefit”) is limited in a particular Taxable Year because the Corporation does not have sufficient taxable income, then
the available Covered Tax Benefit for the Corporation shall be allocated among the TRA Holders in the same proportion to the respective
Tax Benefit Payments that would have been payable if the Corporation had in fact had sufficient taxable income and there had been no
such limitation. As an illustration of the intended operation of this Section 3.3(a), if the Corporation had $200 of aggregate
potential Covered Tax Benefits in a particular Taxable Year (with $50 of such Covered Tax Benefits being attributable to TRA Holder 1
and $150 of such Covered Tax Benefits being attributable to TRA Holder 2), such that TRA Holder 1 would have potentially been entitled
to a Tax Benefit Payment of $10.62 and TRA Holder 2 would have been entitled to a Tax Benefit Payment of $31.87 if the Corporation had
$200 of actual taxable income (assuming for purposes of this illustration a 25% tax rate), and if the Corporation in fact (for purposes
of this illustration) only had $100 of actual taxable income in such Taxable Year, then $25 of the aggregate $100 actual Covered Tax
Benefit for the Corporation for such Taxable Year would be allocated to TRA Holder 1 and $75 of the aggregate $100 actual Covered Tax
benefit for the Corporation would be allocated to TRA Holder 2, such that TRA Holder 1 would receive a Tax Benefit Payment of $5.31 and
TRA Holder 2 would receive a Tax Benefit Payment of $15.94. Notwithstanding anything to the contrary in Section 3.1(b), in no
event will the aggregate of the portions of the Net Tax Benefit that are “Attributable” to the TRA Holders exceed 100% of
the Net Tax Benefit.

 

(b)         Late
Payments. If for any reason the Corporation is not able to timely and fully satisfy its payment obligations under this Agreement
in respect of a particular Taxable Year, then Default Rate Interest will begin to accrue pursuant to Section 5.2 and the Corporation
and other Parties agree that (i) the Corporation shall pay the Tax Benefit Payments due in respect of such Taxable Year to each TRA Holder
pro rata in proportion to the amount of such Tax Benefit Payments, without favoring one obligation over the other, and (ii) no Tax Benefit
Payment shall be made in respect of any Taxable Year until all Tax Benefit Payments to all TRA Holders in respect of all prior Taxable
Years have been made in full.

 

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Section
3.4           
Optional Estimated Tax Benefit Payment Procedure. As long as the Corporation is current in respect of its payment
obligations owed to each TRA Holder pursuant to this Agreement (including, for the avoidance of doubt, there being no delinquent Tax Benefit
Payments (including interest thereon) outstanding in respect of prior Taxable Years for any TRA Holder), the Corporation may, at any time
on or after the due date (without extensions) for filing the U.S. federal income Tax Return of the Corporation for a Taxable Year and
at the Corporation’s option, in its sole discretion, make one or more estimated payments to the TRA Holders in respect of any anticipated
amounts to be owed with respect to a Taxable Year to the TRA Holders pursuant to Section 3.1 (any such estimated payment referred
to as an “Estimated Tax Benefit Payment”); provided that any Estimated Tax Benefit Payment made to a TRA Holder
pursuant to this Section 3.4 is matched by a proportionately equal Estimated Tax Benefit Payment to all other TRA Holders then
entitled to a Tax Benefit Payment. Any Estimated Tax Benefit Payment made under this Section 3.4 shall be paid by the Corporation
to the TRA Holders and applied against the final amount of any Tax Benefit Payment to be made pursuant to Section 3.1. The payment
of an Estimated Tax Benefit Payment by the Corporation to the TRA Holders pursuant to this Section 3.4 shall also terminate the
obligation of the Corporation to make payment of any Actual Interest Amount that might have otherwise accrued with respect to the portion
of the Tax Benefit Payment that is being paid in advance of the applicable Tax Benefit Schedule being finalized pursuant to Section
2.4. Upon the making of any Estimated Tax Benefit Payment pursuant to this Section 3.4, the amount of such Estimated Tax Benefit
Payment shall first be applied to any estimated Actual Interest Amount, and then applied to the residual amount of the Tax Benefit Payment
to be made pursuant to Section 3.1. In determining the final amount of any Tax Benefit Payment to be made pursuant to Section
3.1, and for purposes of finalizing the Tax Benefit Schedule pursuant to Section 2.4, the amount of any Estimated Tax Benefit
Payments that may have been made with respect to the Taxable Year shall be increased if the finally determined Tax Benefit Payment for
a Taxable Year exceeds the Estimated Tax Benefit Payments made for such Taxable Year, with such increase being paid by the Corporation
to the TRA Holders along with an appropriate Actual Interest Amount (and any Default Rate Interest) in respect of the amount of such increase
(a “True-Up”). If the Estimated Tax Benefit Payment to a TRA Holder for a Taxable Year exceeds the finally determined
Tax Benefit Payment to the TRA Holder for such Taxable Year, such excess shall be applied to reduce the amount of any subsequent future
Tax Benefit Payments (including Estimated Tax Benefit Payments, if any) to be paid by the Corporation to such TRA Holder. As of the date
on which any Estimated Tax Benefit Payments are paid, and as of the date on which any True-Up is paid, all such payments shall be paid
in the same manner and subject to the same terms and conditions as otherwise contemplated by Section 3.1 and all other applicable
terms of this Agreement. For the avoidance of doubt, as is the case with Tax Benefit Payments made by the Corporation to the TRA Holders
pursuant to Section 3.1, the Parties intend to treat the amount of any Estimated Tax Benefit Payments made pursuant to this Section
3.4 in part as subsequent upward purchase price adjustments that give rise to Basis Adjustments in respect of the Closing or an applicable
Exchange in the Taxable Year of payment to the extent permitted by applicable law and as of the date on which such payments are made (exclusive
of any amounts treated as Imputed Interest); provided that any additional Basis Adjustments arising from an Estimated Tax Benefit
Payment will be determined on an iterative basis continuing until any incremental Basis Adjustment is immaterial as determined by the
TRA Holder Representative and the Corporation in good faith and in consultation with the Advisory Firm.

 

Section
3.5           
Overpayments. To the extent the Corporation makes any Tax Benefit Payment to a TRA Holder in respect of a particular
Taxable Year in an amount in excess of the amount of such payment that should have been made to such TRA Holder in respect of such Taxable
Year (taking into account this Article III) under the terms of this Agreement, then such excess shall be applied to reduce the
amount of any subsequent future Tax Benefit Payments (including Estimated Tax Benefit Payments, if any) to be paid by the Corporation
to such TRA Holder and such TRA Holder shall not receive any further Tax Benefit Payments (including Estimated Tax Benefit Payments, if
any) until such TRA Holder has foregone an amount of Tax Benefit Payments equal to such excess. The amount of any excess Tax Benefit Payment
shall be deemed to have been paid by the Corporation to the relevant TRA Holders on the original due date for the filing of the subsequent
Tax Return to which the excess Tax Benefit Payment relates for purposes of determining the Actual Interest Amount to which such relevant
TRA Holders shall be entitled. Notwithstanding the foregoing or anything to the contrary contained in this Agreement, the TRA Holders
shall not be required, under any circumstances, to return any portion of any Tax Benefit Payment previously paid by the Corporation to
the TRA Holders (including any portion of any Estimated Tax Benefit Payment or any Early Termination Payment).

 

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Article
IV.

TERMINATION

 

Section
4.1           
Early Termination of Agreement; Breach of Agreement.

 

(a)         Corporation’s Early Termination Right. The Corporation may completely terminate this Agreement, as and to the extent
provided herein, with respect to all amounts payable to the TRA Holders pursuant to this Agreement by paying to the TRA Holders the Early
Termination Payments; provided that Early Termination Payments may be made pursuant to this Section 4.1(a) only if made
to all TRA Holders that are entitled to such a payment, and provided further, that the Corporation may withdraw any notice to execute
its termination rights under this Section 4.1(a) prior to the time at which any Early Termination Payment has been paid. Upon the
Corporation’s payment of the Early Termination Payments, the Corporation shall not have any further payment obligations under this
Agreement other than for: (i) prior Tax Benefit Payments (including True-Ups) that are due and payable under this Agreement but that still
remain unpaid as of the date of the Early Termination Notice and that remain unpaid as of the payment of the Early Termination Payments
(which Tax Benefit Payments shall not be included in the Early Termination Payments) and (ii) current Tax Benefit Payments due for the
Taxable Year ending on or including the date of the Early Termination Notice (except to the extent that the amount described in clause
(ii) is included in the calculation of the Early Termination Payments or is included in clause (i)) that remain unpaid as of the payment
of the Early Termination Payments. If an Exchange subsequently occurs with respect to Common Units for which the Corporation has exercised
its termination rights under this Section 4.1(a) and paid all amounts owed in connection with the exercise of such rights, the
Corporation shall have no obligations under this Agreement with respect to such Exchange.

 

(b)         Acceleration
Upon Change of Control. In the event of a Change of Control, the TRA Holder Representative shall have the option, in its sole discretion,
by written notice to the Corporation, to cause the acceleration of all unpaid payment obligations of the Corporation hereunder as calculated
pursuant to this Article IV as if an Early Termination Notice had been delivered on the closing date of the Change of Control
and utilizing the Valuation Assumptions by substituting the phrase “the closing date of a Change of Control” in each place
where the phrase “Early Termination Effective Date” appears. Such obligations shall include, without duplication, but not
be limited to, (i) the Early Termination Payments calculated as if an Early Termination Notice had been delivered on the closing date
of the Change of Control, (ii) any Tax Benefit Payments agreed to by the Corporation and the TRA Holders as due and payable but unpaid
as of the Early Termination Notice (which Tax Benefit Payments shall not be included in the Early Termination Payments) and that remain
unpaid as of the payment of the Early Termination Payments, and (iii) any Tax Benefit Payments due for any Taxable Year ending prior
to, with or including the closing date of a Change of Control unpaid as of the Early Termination Notice (except to the extent that any
amounts described in clause (iii) are included in the Early Termination Payments or are included in clause (ii)) and that remain unpaid
as of the payment of the Early Termination Payments. For the avoidance of doubt, Sections 4.2 and 4.3 shall apply to a
Change of Control, mutadis mutandis.

 

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(c)         Acceleration
Upon Breach of Agreement. In the event that the Corporation materially breaches any of its material obligations under this Agreement,
whether as a result of failure to make any payment when due, failure to honor any other material obligation required hereunder, or by
operation of law as a result of the rejection of this Agreement in a case commenced under Title 11 of the United States Code (11 U.S.C.
 § 101 et seq.) (the “Bankruptcy Code”) or otherwise, then, at the option, in its sole discretion, of the TRA
Holder Representative, all obligations of the Corporation hereunder shall be accelerated and become immediately due and payable upon
notice of acceleration from the TRA Holder Representative (provided that in the case of any proceeding under the Bankruptcy Code or other
insolvency statute, such acceleration shall be automatic without any such notice), and such obligations shall be calculated as if an
Early Termination Notice had been delivered on the date of such notice of acceleration (or, in the case of any proceeding under the Bankruptcy
Code or other insolvency statute, on the date of such breach) and shall include, but not be limited to: (i) the Early Termination Payments
calculated as if an Early Termination Notice had been delivered on the date of such acceleration; (ii) any prior Tax Benefit Payments
that are due and payable under this Agreement but that still remain unpaid as of the date of such acceleration (which Tax Benefit Payments
shall not be included in the Early Termination Payments) and that remain unpaid as of the payment of the Early Termination Payments;
and (iii) any current Tax Benefit Payments due for the Taxable Year ending on or including the date of such acceleration (except to the
extent included in the Early Termination Payments or in clause (ii)) and that remain unpaid as of the payment of the Early Termination
Payments. Notwithstanding the foregoing, in the event that the Corporation breaches this Agreement and such breach is not a material
breach of a material obligation, the TRA Holder Representative and each TRA Holder shall still be entitled to enforce all of its rights
otherwise available under this Agreement, excluding, for the avoidance of doubt, seeking or otherwise obtaining an acceleration of amounts
payable under this Agreement pursuant to this Section 4.1(c). Without limiting the Corporation’s obligations pursuant to
Section 5.2, for purposes of this Section 4.1(c), and subject to the following sentence, the Parties agree that the failure
to make any payment due pursuant to this Agreement within sixty (60) days of the relevant Final Payment Date shall be deemed to be a
material breach of a material obligation under this Agreement for all purposes of this Agreement, and that it will not be considered
to be a material breach of a material obligation under this Agreement to make a payment due pursuant to this Agreement within sixty (60)
days of the relevant Final Payment Date. Notwithstanding anything in this Agreement to the contrary, it shall not be a material breach
of a material obligation of this Agreement if the Corporation fails to make any Tax Benefit Payment within sixty (60) days of the relevant
Final Payment Date to the extent that the Corporation has insufficient funds or cannot make such payment as a result of obligations imposed
in connection with the Senior Obligations or under applicable law, and cannot obtain sufficient funds to make such payments by taking
commercially reasonable actions or would become insolvent as a result of making such payment; provided that the interest provisions
of Section 5.2 shall apply to such late payment (unless the Corporation does not have sufficient funds to make such payment as
a result of limitations imposed by any Senior Obligations, in which case Section 5.2 shall apply, but the Default Rate shall be
replaced by the Agreed Rate); and further provided that such payment obligation shall nonetheless accrue for the benefit of the
TRA Holders and the Corporation shall make such payment at the first opportunity that it has sufficient funds and is otherwise able to
make such payment.

 

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Section
4.2           
Early Termination Notice. If the Corporation chooses to exercise its right of early termination under Section
4.1(a), the Corporation shall deliver to the TRA Holder Representative a notice of the Corporation’s decision to exercise such
right (an “Early Termination Notice”). Upon delivery of the Early Termination Notice or the occurrence of an event
described in Section 4.1(b) or 4.1(c), the Corporation shall deliver a schedule developed in consultation with the Advisory
Firm (the “Early Termination Schedule”) showing in reasonable detail the calculation of the Early Termination Payment.
The Corporation shall also (a) deliver to the TRA Holder Representative supporting schedules and work papers from the Advisory Firm and
any additional materials reasonably requested by the TRA Holder Representative that are reasonably necessary in order to understand the
calculations that were relevant for purposes of preparing the Early Termination Schedule; and (b) allow the TRA Holder Representative
and its advisors and representatives to have reasonable access to the appropriate representatives (including employees) of the Corporation
and the applicable Advisory Firm as determined by the Corporation or as reasonably requested by the TRA Holder Representative, in connection
with a review of such Early Termination Schedule. The Early Termination Schedule shall become final and binding on each Party forty-five
(45) days from the first date on which the TRA Holder Representative received such Early Termination Schedule unless:

 

(i)           the TRA Holder Representative, prior to the expiration of such forty-five (45) day period, provides the Corporation with notice
of a objection to such Early Termination Schedule made in good faith and setting forth in reasonable detail the TRA Holder Representative’s
objection (a “Termination Objection Notice”); or

 

(ii)          the
TRA Holder Representative provides a written waiver of such right of a Termination Objection Notice within such forty-five (45) day period,
in which case such Early Termination Schedule becomes binding on the date the waiver from the TRA Holder Representative is received by
the Corporation.

 

In the event that the TRA Holder Representative
timely delivers a Termination Objection Notice pursuant to clause (i) above, and if the Parties, for any reason, are unable to successfully
resolve the issues raised in the Termination Objection Notice within thirty (30) days after receipt by the Corporation of the Termination
Objection Notice, the Corporation and the TRA Holder Representative shall employ the Reconciliation Procedures. The date on which the
Early Termination Schedule becomes final in accordance with this Section 4.2 shall be the “Early Termination Reference
Date.”

 

Section
4.3           
Payment Upon Early Termination.

 

(a)         Timing
of Payment. Within five (5) Business Days after the Early Termination Reference Date, the Corporation shall pay to each TRA Holder
an amount equal to the Early Termination Payment for such TRA Holder. Such Early Termination Payment shall be made by the Corporation
by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Holder or as otherwise agreed by
the Corporation and such TRA Holder.

 

(b)         Amount
of Payment. The “Early Termination Payment” payable to a TRA Holder pursuant to and subject to Section 4.3(a)
shall equal the present value, discounted at the Early Termination Rate as determined as of the Early Termination Reference Date,
of all Tax Benefit Payments that would be required to be paid (and which have not yet been paid prior to the Early Termination Effective
Date) by the Corporation to such TRA Holder, whether payable with respect to Common Units that were Exchanged prior to the Early Termination
Effective Date or on or after the Early Termination Effective Date, beginning from the Early Termination Effective Date and using the
Valuation Assumptions.

 

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Article
V.

SUBORDINATION AND LATE PAYMENTS

 

Section
5.1           
Subordination. Notwithstanding any other provision of this Agreement to the contrary, any Tax Benefit Payments or
Early Termination Payments required to be made by the Corporation to the TRA Holders under this Agreement shall rank subordinate and junior
in right of payment to any principal, interest, or other amounts due and payable in respect of any obligations owed in respect of secured
or unsecured indebtedness for borrowed money of the Corporation and its Subsidiaries (“Senior Obligations”) and shall
rank pari passu in right of payment with all current or future unsecured obligations of the Corporation that are not Senior Obligations.
To the extent that any payment under this Agreement is not permitted to be made at the time payment is due as a result of this Section
5.1 and the terms of the agreements governing Senior Obligations, such payment obligation nevertheless shall accrue for the benefit
of the TRA Holders and the Corporation shall make any such payments at the first opportunity that such payments are permitted to be made
in accordance with the terms of the Senior Obligations. Furthermore, each TRA Holder shall enter into any subordination agreements in
a form reasonably satisfactory to the TRA Holder Representative in order to effectuate the purposes of this Section 5.1.

 

Section
5.2           
Late Payments by the Corporation. Except as otherwise provided in this Agreement, the amount of all or any portion
of any Tax Benefit Payment or Early Termination Payment not made to the TRA Holders when due under the terms of this Agreement shall be
payable together with any interest thereon, computed at the Default Rate and commencing from the Final Payment Date on which such Tax
Benefit Payment or Early Termination Payment was first due and payable to the date of actual payment of such Tax Benefit Payment or Early
Termination Payment; provided that if any Tax Benefit Payment or Early Termination Payment is not made to the TRA Holders when
due under the terms of this Agreement as a result of Section 5.1 and the terms of the agreements governing Senior Obligations,
any such interest shall be computed at the Agreed Rate and not the Default Rate.

 

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Article
VI.

TAX MATTERS; CONSISTENCY; COOPERATION

 

Section
6.1           
Participation in the Corporation’s Tax Matters. Except as otherwise provided herein, the Corporation shall
have full responsibility for, and sole discretion over, all tax matters concerning the Corporation and its Subsidiaries including the
preparation, filing, or amending of any Tax Return and defending, contesting or settling any audit, contest, or other proceeding pertaining
to Taxes; provided, however, that the Corporation shall not settle or fail to contest any matter pertaining to Covered Taxes that
is reasonably expected to materially and adversely affect the TRA Holders’ rights and obligations under this Agreement (including
by reducing or deferring the Tax Benefit Payments payable to any TRA Holder under this Agreement) without the consent of the TRA Holder
Representative, such consent not to be unreasonably withheld, conditioned or delayed. The Corporation shall notify the TRA Holder Representative
of, and keep it reasonably informed with respect to, any tax audit or other tax contest of the Corporation the outcome of which is reasonably
expected to materially and adversely affect the TRA Holders’ rights and obligations under this Agreement (including by reducing
or deferring the Tax Benefit Payments payable to any TRA Holder under this Agreement) and the TRA Holder Representative, and any affected
TRA Holder, shall have the right to (i) discuss with the Corporation (including the Corporation’s representatives, advisors and
employees), and provide input and comment to the Corporation regarding, any portion of any such tax audit or other tax contest and (ii)
participate in, at the affected TRA Holders’ and TRA Holder Representative’s expense, any such portion of any such tax audit
or other tax contest to the extent it relates to matters the resolution of which would reasonably be expected to materially and adversely
affect the TRA Holders’ rights and obligations under this Agreement (including by reducing or deferring the Tax Benefit Payments
payable to any TRA Holder under this Agreement). To the extent there is a conflict between this Agreement and the Business Combination
Agreement or the LLC Agreement relating to tax matters concerning Covered Taxes and the Corporation, including the preparation, filing
or amending of any Tax Return and defending, contesting or settling any matter pertaining to taxes, this Agreement shall control solely
with respect to the matters governed by this Agreement.

 

Section
6.2           
Consistency. Except as otherwise required by applicable law, all calculations and determinations made hereunder,
including any Basis Adjustments, the determination of any deductions arising from Common Basis, any Schedule or Amended Schedule or the
determination of any Realized Tax Benefits or Realized Tax Detriments, shall be made in accordance with the elections, methodologies or
positions taken by the Corporation and the LLC on their respective Tax Returns. Each TRA Holder shall prepare its Tax Returns in a manner
that is consistent with the terms of this Agreement and any related calculations or determinations that are made hereunder, including
any Schedule or Amended Schedule provided under this Agreement, unless otherwise required by applicable law. In
the event that an Advisory Firm or Expert is used and is replaced with another Advisory Firm or Expert, such replacement Advisory Firm
or Expert shall perform its services under this Agreement using procedures and methodologies consistent with the previous Advisory Firm
or Expert, unless otherwise required by applicable law or unless the Corporation and the TRA Holder Representative agree to the use of
other procedures and methodologies.

 

Section
6.3           
Cooperation. The TRA Holder Representative and each TRA Holder, on the one hand, and the Corporation, on the other
hand, shall (a) furnish to the other in a timely manner such information, documents and other materials as the other may reasonably request
for purposes of making, reviewing, or approving any determination or computation necessary or appropriate under or with respect to this
Agreement, preparing any Tax Return or contesting or defending any audit, examination, controversy or other proceeding with any Taxing
Authority, or estimating any future Tax Benefit Payments hereunder, (b) make itself reasonably available to the other and its representatives
to provide explanations of documents and materials and such other information as may be reasonably requested in connection with any of
the matters described in the foregoing clause (a), and (c) reasonably cooperate in connection with any such matter. Subject to Section
6.1, the Corporation shall provide reasonable assistance as reasonably requested by the TRA Holder Representative on behalf of any
TRA Holder in connection with such TRA Holder’s Tax Returns or financial reporting materials that are required to be prepared under
applicable law or contract or the consummation of any assignment or transfer of any of its rights or obligations under this Agreement,
including providing any information or executing any documentation. The requesting Party shall reimburse the other Party for any reasonable
and documented out-of-pocket costs and expenses incurred by such other Party pursuant to Section 6.3(a).

 

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Article
VII.

MISCELLANEOUS

 

Section
7.1           
Notices. All notices, requests, consents and other communications hereunder shall be in writing and shall be given
(and shall be deemed to have been duly given upon receipt) by delivery in person, by courier service, by fax, by electronic mail (delivery
receipt requested) or by certified or registered mail (postage prepaid, return receipt requested) to the respective Parties at the following
addresses (or at such other address for a Party as shall be as specified in a notice given in accordance with this Section 7.1).
All notices hereunder shall be delivered as set forth below, or pursuant to such other instructions as may be designated in writing by
the Party to receive such notice:

 

If to the Corporation, to:

 

QualTek Services Inc.

475 Sentry Parkway E

Blue Bell, PA 19422

Attention: [•]

 

with a copy (which shall not
constitute notice to the Corporation) to:

 

Kirkland & Ellis LLP

601 Lexington Avenue

New York, New York 10022

	 	Attention:	 Michael E. Weisser,
P.C. 

Matthew S. Arenson, P.C. 

Jared M. Rusman, P.C. 

Timothy Cruickshank,
P.C.

 Vivek Ratnam 

Erika P. López

	 	E-mail:	

 

 

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If to the TRA Holder Representative:

 

BCP QualTek, LLC

650 5th Avenue

New York, New York 10019

		Attention:	Andrew Weinberg 

Matthew Allard
	 	E-mail: 	

 

with a copy (which shall not
constitute notice to the TRA Holder Representative) to:

 

Kirkland & Ellis LLP

601 Lexington Avenue

New York, New York 10022

		Attention:	Michael E. Weisser,
P.C.

 Matthew S. Arenson, P.C. 

Jared M. Rusman, P.C. 

Timothy Cruickshank,
P.C.  

Vivek Ratnam

  Erika P. López
	 	E-mail:	

 

Any Party may change its address, fax number or
e-mail address by giving each of the other Parties written notice thereof in the manner set forth above.

 

Section
7.2          Counterparts.
This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall become
effective when one or more counterparts have been signed by each of the Parties and delivered to the other Parties, it being understood
that all Parties need not sign the same counterpart. Delivery of an executed signature page to this Agreement by facsimile transmission
or by .pdf, .tif, .gif, .jpeg or similar attachment to electronic mail shall be as effective as delivery of a manually signed counterpart
of this Agreement.

 

Section
7.3           Entire
Agreement; No Third Party Beneficiaries. This Agreement constitutes the entire agreement and supersedes all prior agreements and
understandings, both written and oral, among the Parties with respect to the subject matter hereof. This Agreement shall be binding upon
and inure solely to the benefit of each Party hereto and their respective successors and permitted assigns, and nothing in this Agreement,
express or implied, is intended to or shall confer upon any other Person any right, benefit or remedy of any nature whatsoever under
or by reason of this Agreement.

 

Section
7.4           Governing
Law. This Agreement shall be governed by, and construed in accordance with, the law of the State of Delaware, without regard to the
conflicts of laws principles thereof that would mandate the application of the laws of another jurisdiction.

 

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Section
7.5           
Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced
by any law or public policy, all other terms and provisions of this Agreement shall nevertheless remain in full force and effect so long
as the economic or legal substance of the transactions contemplated hereby is not affected by the absence of any such invalid, illegal
or incapable of being enforced term or other provision in any manner materially adverse to any Party. Upon such determination that any
term or other provision is invalid, illegal or incapable of being enforced, 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 an acceptable manner in order that the transactions
contemplated hereby are consummated as originally contemplated to the greatest extent possible.

 

Section
7.6           
Assignments; Amendments; Successors; No Waiver.

 

(a)         Assignment.
Each TRA Holder may assign, sell, pledge, or otherwise alienate or transfer any interest in this Agreement, including the right to receive
any Tax Benefit Payments under this Agreement, without the consent of the Corporation, to any Person only if such Person executes and
delivers to the Corporation a Joinder agreeing to succeed to the applicable portion of such TRA Holder’s interest in this Agreement
and to become a Party and TRA Holder for all purposes of this Agreement for all times after such sale, pledge or other alienation or
transfer (the “Joinder Requirement”) and any purported sale, pledge or other alienation or transfer without such execution
and delivery of a Joinder shall be null and void; provided, that, in the event of any such assignment, the assigning TRA Holder
will provide prompt notice of such assignment to the Corporation along with the identity and contact information of the assignee and
an explanation of the rights and interests so assigned. For the avoidance of doubt, if a TRA Holder transfers Common Units in accordance
with the terms of the LLC Agreement but does not assign to the transferee of such Common Units its rights under and pursuant to this
Agreement with respect to such transferred Units, such TRA Holder shall continue to be entitled to receive the Tax Benefit Payments arising
in respect of a subsequent Exchange of such Common Units (and any such transferred Common Units shall be separately identified, so as
to facilitate the determination of Tax Benefit Payments hereunder). The Corporation may not assign any of its rights or obligations under
this Agreement to any Person (other than any direct or indirect successor (whether by purchase, merger, consolidation or otherwise) to
all or substantially all of the business or assets of the Corporation) without the prior written consent of the TRA Holder Representative
(and any purported assignment without such consent shall be null and void).

 

(b)         Amendments.
No provision of this Agreement may be amended unless such amendment is approved in writing by (i) the Corporation, (ii) the TRA Holder
Representative, and (iii) TRA Holders who would be entitled to receive at least a majority of the Early Termination Payments payable
to all TRA Holders in the event the Corporation exercised its rights pursuant to Section 4.1(a) as of the later of the most recent
Exchange Date or the most recent Reorganization Transaction. Notwithstanding the foregoing, no such amendment shall be effective if such
amendment would have a disproportionate adverse impact on the payments certain TRA Holders will or may receive under this Agreement unless
all such disproportionately impacted TRA Holders consent in writing to such amendment (such consent not to be unreasonably withheld,
conditioned or delayed). No provision of this Agreement may be waived unless such waiver is in writing and signed by the Party against
whom the waiver is to be effective.

 

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(c)         Successors.
Except as provided in Section 7.6(a), all of the terms and provisions of this Agreement shall be binding upon, and shall inure
to the benefit of and be enforceable by, the Parties hereto and their respective successors, assigns, heirs, executors, administrators
and legal representatives. The Corporation shall require and cause any direct or indirect successor (whether by purchase, merger, consolidation
or otherwise) to all or substantially all of the business or assets of the Corporation, by written agreement, expressly to (i) assume
all obligations under, and agree to perform, this Agreement, in the same manner and to the same extent that the Corporation would be
required to perform if no such succession had taken place and (ii) become a Party to this Agreement.

 

(d)         Waiver.
No failure by any Party to insist upon the strict performance of any covenant, duty, agreement, or condition of this Agreement, or to
exercise any right or remedy consequent upon a breach thereof, shall constitute a waiver of any such breach or any other covenant, duty,
agreement, or condition.

 

Section
7.7           
Titles and Subtitles. The titles of the sections and subsections of this Agreement are for convenience of reference
only and are not to be considered in construing this Agreement.

 

Section
7.8           
Resolution of Disputes.

 

(a)         Except
for Reconciliation Disputes subject to Section 7.9, any and all disputes which cannot be settled amicably, including any ancillary
claims of any Party, arising out of, relating to or in connection with the validity, negotiation, execution, interpretation, performance
or non-performance of this Agreement (including the validity, scope and enforceability of this arbitration provision) (each a “Dispute”)
shall be finally resolved by arbitration in accordance with the International Institute for Conflict Prevention and Resolution Rules
for Administered Arbitration (the “Rules”) by three arbitrators, of which the Corporation shall appoint one arbitrator
and the TRA Holder Representative shall appoint one arbitrator in accordance with the “screened” appointment procedure provided
in Rule 5.4. The arbitration shall be governed by the Federal Arbitration Act, 9 U.S.C. §§ 1 et seq., and judgment upon the
award rendered by the arbitrators may be entered by any court having jurisdiction thereof. The place of the arbitration shall be New
York, New York.

 

(b)         Notwithstanding
the provisions of Section 7.8(a), any Party may bring an action or special proceeding in any court of competent jurisdiction for
the purpose of compelling another Party to arbitrate, seeking temporary or preliminary relief in aid of an arbitration hereunder, or
enforcing an arbitration award and, for the purposes of this Section 7.8(b), each Party (i) expressly consents to the application
of Section 7.8(c) to any such action or proceeding, and (ii) agrees that proof shall not be required that monetary damages for
breach of the provisions of this Agreement would be difficult to calculate and that remedies at law would be inadequate. For the avoidance
of doubt, this Section 7.8 shall not apply to Reconciliation Disputes to be settled in accordance with the procedures set forth
in Section 7.9.

 

(c)         Each
Party irrevocably consents to service of process by means of notice in the manner provided for in Section 7.1. Nothing in this
Agreement shall affect the right of any Party to serve process in any other manner permitted by applicable law.

 

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(d)         WAIVER OF RIGHT TO TRIAL BY JURY. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).

 

(e)         In the event the Parties are unable to agree in good faith whether a dispute between them is a Reconciliation Dispute subject to
the dispute resolution procedure set forth in Section 7.9 or a Dispute subject to the dispute resolution procedure set forth in
this Section 7.8, such disagreement shall be decided and resolved in accordance with the procedure set forth in this Section
7.8.

 

Section
7.9           
Reconciliation. In the event that the Corporation and the TRA Holder Representative (or any applicable TRA Holder)
are unable to resolve a disagreement with respect to a Schedule or Amended Schedule prepared in accordance with the procedures set forth
in Section 2.4, or with respect to an Early Termination Schedule prepared in accordance with the procedures set forth in Section
4.2, within the relevant time period designated in this Agreement (a “Reconciliation Dispute”), the Reconciliation
Dispute shall be submitted for determination to a nationally recognized expert (the “Expert”) in the particular area
of disagreement mutually acceptable to the disputing Parties. The Expert shall be a partner or principal in a nationally recognized accounting
firm, and unless the Corporation and the TRA Holder Representative (or any applicable TRA Holder) agree otherwise, the Expert shall not,
and the firm that employs the Expert shall not, have any material relationship with the Corporation, the TRA Holder Representative (or
any applicable TRA Holder) or other actual or potential conflict of interest. If the disputing Parties are unable to agree on an Expert
within fifteen (15) days of receipt by the responding Party of written notice of a Reconciliation Dispute, the selection of an Expert
shall be treated as a Dispute subject to Section 7.8 and an arbitration panel shall pick an Expert from a nationally recognized
accounting firm that does not have any material relationship with the Corporation, the TRA Holder Representative (or any applicable TRA
Holder) or other actual or potential conflict of interest. The Expert shall resolve any matter relating to any Schedule or Amended Schedule
or the Early Termination Schedule or an amendment thereto within thirty (30) days and shall resolve any matter relating to a Tax Benefit
Schedule or an amendment thereto within fifteen (15) days or as soon thereafter as is reasonably practicable, in each case after the matter
has been submitted to the Expert for resolution; provided that, if the matter is not resolved before any payment that is the subject
of a disagreement would be due (in the absence of such disagreement) or any Tax Return reflecting the subject of a disagreement is due,
the undisputed amount shall be paid on the date prescribed by this Agreement and such Tax Return may be filed as prepared by the Corporation,
subject to adjustment or amendment upon resolution. The Corporation and the applicable TRA Holder(s) shall bear their own costs and expenses
of such proceeding, unless (a) the Expert adopts the TRA Holder Representative or applicable TRA Holder(s)’s position, in which
case the Corporation shall reimburse the TRA Holder Representative or applicable TRA Holder(s) for any reasonable and documented out-of-pocket
costs and expenses in such proceeding (including for the avoidance of doubt any costs and expenses incurred by the TRA Holder Representative
or any applicable TRA Holder(s) relating to the engagement of the Expert or amending any applicable Tax Return), or (b) the Expert adopts
the Corporation’s position, in which case the applicable TRA Holder(s) (or the TRA Holder Representative on behalf of such TRA Holder(s))
shall reimburse the Corporation for any reasonable and documented out-of-pocket costs and expenses in such proceeding (including for the
avoidance of doubt costs and expenses incurred by the Corporation relating to the engagement of the Expert or amending any applicable
Tax Return). The Corporation may withhold payments under this Agreement to collect amounts due under the preceding sentence. The Expert
shall finally determine any Reconciliation Dispute and the determinations of the Expert pursuant to this Section 7.9 shall be binding
on the Corporation, the TRA Holder Representative and the TRA Holders and may be entered and enforced in any court having competent jurisdiction.

 

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Section
7.10        Withholding.
Notwithstanding anything in this Agreement to the contrary, the Corporation, or any other applicable withholding agent, shall be entitled
to deduct and withhold (or cause there to be deduction or withholding), from any payment that is payable to any TRA Holder (or any other
person) pursuant to this Agreement any taxes or other amounts as the Corporation or other applicable withholding agent is required to
deduct and withhold with respect to the making of any such payment under the Code or any provision of U.S. state, local or foreign tax
law or other applicable tax law. Any such deducted or withheld taxes or other amounts, to the extent paid over to the appropriate Taxing
Authority or other governmental entity shall be treated for all purposes of this Agreement as having been paid by the Corporation (or
other applicable withholding agent) to the relevant TRA Holder or other person in respect of which such deduction or withholding was made.
Each TRA Holder or other recipient of any payments hereunder shall provide the Corporation with any applicable tax forms, including IRS
Form W-9 or the appropriate series of IRS Form W-8, as applicable, or any other information or certifications reasonably requested by
the Corporation or other applicable withholding agent in connection with determining whether any such deductions and withholdings are
required under the Code or any provision of U.S. state, local or foreign tax law. Notwithstanding the foregoing, if a withholding obligation
arises as a result of a Change of Control or other transaction that causes the Corporation (or its successor) to become a non-U.S. Person
(for U.S. federal income tax purposes), any amount payable to a TRA Holder under this Agreement shall be increased such that after all
required deductions and withholdings have been made (including such deductions and withholdings applicable to additional sums payable
under this sentence), the relevant TRA Holder receives an amount equal to the sum that it would have received had no such deductions or
withholdings been made.

 

Section
7.11        Admission
of the Corporation into a Consolidated Group; Transfers of Corporate Assets.

 

(a)         If
the Corporation is or becomes a member of an affiliated or consolidated group of corporations that files a consolidated income Tax Return
pursuant to Section 1501 or other applicable Sections of the Code governing affiliated or consolidated groups, or any corresponding provisions
of U.S. state or local tax law, then: (i) the provisions of this Agreement shall be applied with respect to the group as a whole; and
(ii) Tax Benefit Payments, Early Termination Payments, and other applicable items hereunder shall be computed with reference to the consolidated
Covered Taxes of the group as a whole.

 

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(b)         If the Corporation, its successor in interest, any member of a group described in Section 7.11(a) or any member of the LLC
Group transfers one or more Reference Assets to a corporation (or a Person classified as a corporation for U.S. federal income tax purposes)
with which such entity does not file a consolidated Tax Return pursuant to Section 1501 of the Code, such entity, for purposes of calculating
the amount of any Tax Benefit Payment or Early Termination Payment due hereunder, shall be treated as having disposed of such Reference
Asset in a fully taxable transaction on the date of such transfer. The consideration deemed to be received by such entity shall be equal
to the fair market value of the transferred Reference Asset as determined by a valuation expert mutually agreed upon by the Corporation
and the TRA Holder Representative plus, without duplication, (i) the amount of debt to which any such Reference Assets is subject, in
the case of a transfer of an encumbered Reference Asset or (ii) the amount of debt allocated to any such Reference Asset, in the case
of a transfer of a partnership interest. For purposes of this Section 7.11, a transfer of a partnership interest shall be treated
as a transfer of the transferring partner’s share of each of the assets and liabilities of that partnership. Notwithstanding anything
to the contrary set forth herein, if the Corporation, its successor in interest or any member of a group described in Section 7.11(a),
transfers its assets pursuant to a transaction that qualifies as a “reorganization” (within the meaning of Section 368(a)
of the Code) in which such entity does not survive or pursuant to any other transaction, in each case, to which Section 381(a) of the
Code applies (other than any such reorganization or any such other transaction, in each case, pursuant to which such entity transfers
assets to a corporation with which the Corporation, its successor in interest or any member of the group described in Section 7.11(a)
(other than any such member being transferred in such reorganization or other transaction) does not file a consolidated Tax Return pursuant
to Section 1501 of the Code), the transfer will not cause such entity to be treated as having transferred any assets to a corporation
(or a Person classified as a corporation for U.S. income tax purposes) pursuant to this Section 7.11(b).

 

Section
7.12        Change
in Law. Notwithstanding anything herein to the contrary, if, as a result of or, in connection with an actual or proposed change in
law, a TRA Holder reasonably believes that the existence of this Agreement could cause adverse tax consequences to such TRA Holder or
any direct or indirect owner of such TRA Holder, then at the written election of such TRA Holder in its sole discretion (in an instrument
signed by such TRA Holder and delivered to the Corporation and the TRA Holder Representative) and to the extent specified therein by such
TRA Holder, this Agreement shall cease to have further effect with respect to, and shall not apply to, such TRA Holder after a date specified
by such TRA Holder.

 

Section
7.13        Interest
Rate Limitation. Notwithstanding anything to the contrary contained herein, the interest paid or agreed to be paid hereunder with
respect to amounts due to any TRA Holder hereunder shall not exceed the maximum rate of non-usurious interest permitted by applicable
law (the “Maximum Rate”). If any TRA Holder shall receive interest in an amount that exceeds the Maximum Rate, the
excess interest shall be applied to the Tax Benefit Payment, Estimated Tax Benefit Payment or Early Termination Payment, as applicable
(but in each case exclusive of any component thereof comprising interest) or, if it exceeds such unpaid non-interest amount, refunded
to the Corporation. In determining whether the interest contracted for, charged, or received by any TRA Holder exceeds the Maximum Rate,
such TRA Holder may, to the extent permitted by applicable law, (a) characterize any payment that is not principal as an expense, fee,
or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread
in equal or unequal parts the total amount of interest throughout the contemplated term of the payment obligations owed by the Corporation
to such TRA Holder hereunder. Notwithstanding the foregoing, it is the intention of the Parties to conform strictly to any applicable
usury laws.

 

    31

     

    

 

Section
7.14        Independent
Nature of Rights and Obligations. The rights and obligations of each TRA Holder hereunder are several and not joint with the rights
and obligations of any other TRA Holder or any other Person. A TRA Holder shall not be responsible in any way for the performance of the
obligations of any other TRA Holder or any other Person hereunder, nor shall a TRA Holder have the right to enforce the rights or obligations
of any other TRA Holder or any other Person hereunder (other than the Corporation). Nothing contained herein or in any other agreement
or document delivered at any closing, and no action taken by any TRA Holder pursuant hereto or thereto, shall be deemed to constitute
the TRA Holders acting as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the
TRA Holders are in any way acting in concert or as a group with respect to such rights or obligations or the transactions contemplated
hereby, and the Corporation acknowledges that the TRA Holders are not acting in concert or as a group and will not assert any such claim
with respect to such rights or obligations or the transactions contemplated hereby.

 

Section
7.15        LLC
Agreement. This Agreement shall be treated as part of the LLC Agreement 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.

 

Section
7.16        Confidentiality.

 

(a)         Except
as required by applicable law, each TRA Holder, as well as any TRA Holder Representative, agrees to hold the confidential information
of the Corporation and its Affiliates in confidence and shall not, unless authorized in writing by the Corporation, (i) disclose any
confidential information of the Corporation and its Affiliates to any third party or (ii) use such information except in furtherance
of the business of the Corporation; provided, however, that (x) each TRA Holder, as well as any TRA Holder Representative,
may disclose confidential information of the Corporation and its Affiliates to its Affiliates, attorneys, accountants, consultants and
other advisors who are bound by an obligation of confidentiality with respect to such confidential information of the Corporation and
its Affiliates (provided it will be responsible for any violation by any of its Affiliates, attorneys, accountants, consultants
or other advisors of the confidentiality provisions in this Section 7.16); (y) each TRA Holder, as well as any TRA Holder Representative,
may disclose confidential information of the Corporation and its Affiliates as required in response to any summons, subpoena or other
legal requirement, (provided that it shall promptly notify the Corporation in writing so the Corporation may seek a protective
order or appropriate remedy); and (z) each TRA Holder, as well as any TRA Holder Representative, may disclose confidential information
of the Corporation and its Affiliates to the extent necessary for it to prepare and file its tax returns, to respond to any inquiries
regarding such tax returns from any taxing authority or to prosecute or defend any action, proceeding or audit by any taxing authority
with respect to such tax returns. In addition, each TRA Holder or TRA Holder Representative that is a private equity, venture capital
or other investment firm or similarly regulated entity (I) may disclose confidential information of the Corporation and its Affiliates
in connection with routine supervisory audit or regulatory examinations (including by regulatory or self-regulatory bodies) to which
they are subject in the course of their respective businesses without liability hereunder, (II) shall not be required to provide notice
to any party in the course of any such routine supervisory audit or regulatory examination, provided that such routine audit or
examination does not specifically target the Corporation, any of its subsidiaries or the confidential information of the Corporation
and its Affiliates, and (III) may provide information about the subject matter of this Agreement to prospective and existing investors
in connection with fund raising, marketing, informational, transactional or reporting activities. Each TRA Holder and TRA Holder Representative
and the Corporation acknowledges and agrees that the certain of the TRA Holders or TRA Holder Representatives and their respective Affiliates
may currently be invested in, may invest in, or may consider investments in companies that compete either directly or indirectly with
the Corporation and its Subsidiaries, or operate in the same or similar business as the Corporation and its Subsidiaries, and that nothing
herein shall be in any way construed to prohibit or such TRA Holders or TRA Holder Representatives or their respective Affiliates’
ability to maintain, make or consider such other investments; provided, however, that no confidential information of the
Corporation and its Affiliates is used or disclosed in connection with such activities.

 

    32

     

    

 

(b)         If a TRA Holder Representative or a TRA Holder commits a breach, or threatens to commit a breach, of any of the provisions of this
Section 7.16, the Corporation shall have the right and remedy to seek to have the provisions of this Section 7.16 specifically
enforced by injunctive relief or otherwise by any court of competent jurisdiction without the need to post any bond or other security.
Such rights and remedies shall be in addition to, and not in lieu of, any other rights and remedies available at law or in equity.

 

Section
7.17        TRA
Holder Representative. By executing this Agreement, each of the TRA Holders shall be deemed to have irrevocably constituted and appointed
BCP QualTek, LLC (in the capacity described in this Section 7.17 and each successor as provided below, the “TRA Holder
Representative”) as its agent and attorney in fact with full power of substitution to act from and after the date hereof and
to do any and all things and execute any and all documents on behalf of such TRA Holder which may be necessary, convenient or appropriate
to facilitate any matters under this Agreement, including but not limited to, and unless otherwise provided by this Agreement: (a) execution
of the documents and certificates required pursuant to this Agreement; (b) receipt and forwarding of notices and communications pursuant
to this Agreement; (c) administration of the provisions of this Agreement; (d) giving or agreeing to, on behalf of such TRA Holder, any
and all consents, waivers, amendments or modifications deemed by the TRA Holder Representative, in its sole discretion, to be necessary
or appropriate under this Agreement and the execution or delivery of any documents that may be necessary or appropriate in connection
therewith; (e) taking actions the TRA Holder Representative is expressly authorized to take pursuant to the other provisions of this Agreement;
(f) negotiating and compromising, on behalf of such TRA Holder, any dispute that may arise under, and exercising or refraining from exercising
any remedies available under, this Agreement or any other agreement contemplated hereby and executing, on behalf of such TRA Holder, any
settlement agreement, release or other document with respect to such dispute or remedy; (g) engaging attorneys, accountants, agents or
consultants on behalf of such TRA Holders in connection with this Agreement or any other agreement contemplated hereby and paying any
fees related thereto; and (h) effectuating the purposes of Section 5.1. If the TRA Holder Representative is unwilling to so serve,
then the person then-serving as the TRA Holder Representative shall appoint its successor which such successor shall be subject to the
approval of TRA Holders who would be entitled to receive at least a majority of the Early Termination Payments payable to all TRA Holders
in the event the Corporation exercised its rights pursuant to Section 4.1(a) as of the later of the most recent Exchange Date or
the most recent Reorganization Transaction. To the fullest extent permitted by law, none of the TRA Holder Representative, any of its
Affiliates, or any of the TRA Holder Representative’s or its Affiliate’s members, partners, equityholders, shareholders, directors,
managers, officers, employees or other agents (each, a “Covered Person”) shall be liable, responsible or accountable
in damages or otherwise to any TRA Holder, the LLC, or the Corporation for damages arising from any action taken or omitted to be taken
by the TRA Holder Representative or any other Person, except in the case of any action or omission which constitutes, with respect to
such Person, willful misconduct or fraud. Each of the Covered Persons may consult with legal counsel, accountants, and other advisors
selected by it, and any act or omission suffered or taken by it in good faith in reliance upon and in accordance with the advice of such
counsel, accountants, or other advisors shall create a rebuttable presumption of the good faith and due care of such Covered Person with
respect to such act or omission; provided that such counsel, accountants, or other advisors were selected with reasonable care.
Each of the Covered Persons may rely in good faith upon, and shall have no liability to the LLC, the Corporation or the TRA Holders for
acting or refraining from acting upon, any resolution, certificate, statement, instrument, opinion, report, notice, request, consent,
order, bond, debenture, or other paper or document reasonably believed by it to be genuine and to have been signed or presented by the
proper party or parties. For the avoidance of doubt, notwithstanding the foregoing, if a provision of this Agreement provides a right
or entitlement of any kind to a TRA Holder, this Section 7.17 shall not override such TRA Holder’s ability to exercise or
enforce such right or enjoy such entitlement.

 

    33

     

    

 

Section
7.18        Non-Effect
of Other Tax Receivable Agreements. If the Corporation enters into any other agreement after the date hereof (for the avoidance of doubt
other than the Business Combination Agreement, the LLC Agreement, or any related agreement entered into in connection with the execution
of the Business Combination Agreement or as contemplated by the Business Combination Agreement in connection with the consummation of
the transactions contemplated thereby) after the date of the execution of this Agreement that obligates the Corporation to make payments
to another party in exchange for tax benefits conferred upon the Corporation, unless otherwise agreed by the TRA Holder Representative,
such tax benefits and such payments shall be ignored for all purposes of this Agreement (including for purposes of calculating the Hypothetical
Tax Liability and the actual Tax liability of the Corporation hereunder).

 

[Signature Page Follows This Page]

 

    34

     

    

 

IN WITNESS WHEREOF, the undersigned have executed
or caused to be executed on their behalf this Agreement as of the date first written above.

 

	 	CORPORATION:

 

	 	QUALTEK SERVICES INC.

	 	 
	 	By:	                 
	 	Name:
	 	Title:

 

    

     

    

 

	 	THE LLC:

 

	 	QUALTEK HOLDCO, LLC
	 	 
	 	By:	 
	 	Name:
	 	Title:

 

    

     

    

 

	 	TRA HOLDER REPRESENTATIVE:
	 	 
	 	BCP QUALTEK, LLC
	 	 
	 	 
	 	By:	               
	 	Name:
	 	Title:

 

    

     

    

 

	 	TRA HOLDER:
	 	 
	 	By:	    
	 	Name:
	 	Title:

 

    

     

    

 

Exhibit A

 

FORM OF JOINDER AGREEMENT

 

This JOINDER AGREEMENT, dated as of _________________,
20___ (this “Joinder”), is delivered pursuant to that certain Tax Receivable Agreement, dated as of June 16, 2021
(as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Tax Receivable Agreement”)
by and among QualTek Services Inc., a Delaware corporation (the “Corporation”), QualTek HoldCo, LLC, a Delaware limited liability company
(the “LLC”), the TRA Holder Representative (as defined in the Tax Receivable Agreement), and each of the TRA Holders
from time to time party thereto. Capitalized terms used but not otherwise defined herein have the respective meanings set forth in the
Tax Receivable Agreement.

 

		1.	Joinder to the Tax Receivable Agreement. Upon the execution of this Joinder by the undersigned and delivery hereof to the Corporation,
the undersigned hereby is and hereafter will be a TRA Holder under the Tax Receivable Agreement and a Party thereto, with all the rights,
privileges, obligations and responsibilities of a TRA Holder thereunder including, without limitation, under Sections 7.16 (Confidentiality)
and 7.17 (TRA Holder Representative) thereto. The undersigned hereby agrees that it shall comply with and be fully bound by the terms
of the Tax Receivable Agreement as if it had been a signatory thereto as of the date thereof.

 

		2.	Incorporation by Reference. All terms and conditions of the Tax Receivable Agreement are hereby incorporated by reference in
this Joinder as if set forth herein in full.

 

		3.	Address. All notices under the Tax Receivable Agreement to the undersigned shall be direct to:

 

[Name]

[Address]

[City, State, Zip Code]

Attn:

Facsimile:

E-mail:

 

IN WITNESS WHEREOF, the undersigned has duly executed
and delivered this Joinder as of the day and year first above written.

 

	 	[NAME OF NEW PARTY]
	 	 
	 	By:	 
	 	Name:
	 	Title:

 

    

     

    

 

Acknowledged and agreed

as of the date first set forth above:

 

QUALTEK SERVICES INC.

 

	By:	 	 
	Name:	 
	Title:	 

 

QUALTEK HOLDCO, LLC

 

	By:	 	 
	Name:	 
	Title:Exhibit 10.2

 

EXECUTION COPY

 

BUYER VOTING AND SUPPORT AGREEMENT

 

This BUYER VOTING AND
SUPPORT AGREEMENT (this “Agreement”) is entered into this 16th day of June, 2021, by and among BCP QualTek
HoldCo, LLC, a Delaware limited liability company (the “Company”), BCP QualTek Investors, LLC, a Delaware limited
liability company (the “Blocker” and, together with the Company, the “QualTek Parties”), and
each of the stockholders of Roth CH Acquisition III Co., a Delaware corporation (the “Buyer”), whose name appears
on the signature pages to this Agreement (each, a “Holder” and, collectively, the “Holders”).
Defined terms used but not otherwise defined herein shall have the respective meanings ascribed thereto in the Business Combination
Agreement (as defined below).

 

WHEREAS, as of the date hereof,
each Holder “beneficially owns” (as such term is defined in Rule 13d-3 promulgated under the Exchange Act) and has the sole
power to dispose of (or sole power to cause the disposition of) and the sole power to vote (or sole power to direct the voting of), as
applicable, the number of shares of common stock, par value $0.0001 per share of the Buyer (collectively, the “Buyer Shares”),
set forth opposite such Holder’s name on Exhibit A attached hereto (such Buyer Shares, together with any other Buyer Shares
acquired by such Holder or with respect to which such Holder otherwise becomes entitled to exercise voting power during the Restricted
Period including any shares of common stock issued upon the exercise of any warrants of the Buyer, the “Covered Shares”);
and

 

WHEREAS, the Buyer, the Company,
the Blocker and the other parties named therein propose to enter into, simultaneously herewith the execution of this Agreement, that certain
Business Combination Agreement, dated as of the date hereof (as amended, modified, supplemented or waived from time to time in accordance
with its terms, the “Business Combination Agreement”), pursuant to which, inter alia, (i) a direct, wholly owned
subsidiary of the Buyer will be merged with and into the Blocker, with the Blocker surviving as a wholly owned subsidiary of the Buyer
(the “Blocker Merger”), (ii) immediately after the Blocker Merger, the Blocker will be merged with and into the Buyer,
with the Buyer as the surviving company (the “Buyer Merger”), and (iii) immediately after the Buyer Merger, a direct,
wholly owned subsidiary of the Buyer will be merged with and into the Company, with the Company as the surviving company, in each case,
on the terms and subject to the conditions set forth therein (the Blocker Merger, the Buyer Merger and the Company Merger, together with
the other transactions contemplated by the Business Combination Agreement, the “Transactions”).

 

     

     

    

 

NOW, THEREFORE, in consideration
of the foregoing and the mutual representations, warranties and covenants, and subject to the conditions, contained herein, and intending
to be legally bound hereby, the QualTek Parties and each Holder (severally and not jointly) hereby agree as follows:

 

1.            
Voting Agreement; Proxy. 

 

1.1               Voting
Agreement. Each Holder hereby unconditionally and irrevocably agrees that, during the period from the date hereof through the
date on which this Agreement terminates in accordance with Section 5 (such period, the “Restricted
Period”), at any duly called meeting of the stockholders of the Buyer (or any
adjournment or postponement thereof) (a “Stockholder Meeting”), and in any action by written consent of the
stockholders of the Buyer requested by the Buyer’s
Board of Directors or undertaken as contemplated by the Transactions, such Holder shall, if a Stockholder Meeting is held, appear at
such Stockholder Meeting, in person or by proxy, or otherwise cause all of its Covered Shares to be counted as present thereat for
purposes of establishing a quorum, and it shall vote or consent (or cause to be voted or consented) (which shall include, for the
avoidance of doubt, any consent in writing (to the extent applicable)), in person or by proxy (if a Stockholder Meeting) or by
written consent (if an action by written consent), all of its Covered Shares (i) in favor of the adoption of the Business
Combination Agreement and approval of the Transactions (including the Mergers and any actions required in furtherance thereof), (ii)
in favor of the issuance of shares of Class A Common Stock and Class B Common Stock of the Buyer (including the Earnout Shares) in
connection with the Transactions and under the Subscription Agreements (including as may be required by the Stock Exchange listing
requirements), (iii) in favor of the amendment and restatement of (A) the A&R Buyer Certificate of Incorporation in the form of
the Second A&R Buyer Certificate of Incorporation attached as Exhibit D to the Business Combination Agreement and
(B) the Buyer Bylaws in the form of the A&R Buyer Bylaws attached as Exhibit E to the Business Combination Agreement,
(iv) in favor of the approval of the adoption of the EIP, (v) in favor of any other proposals the parties to the Business
Combination Agreement agree are necessary or desirable to consummate the Transactions, (vi) in favor of any proposal to adjourn or
postpone the applicable Stockholder Meeting to a later date if (and only if) there are not sufficient votes for approval of the
Business Combination Agreement and the other Buyer Shareholder Voting Matters on the dates on which such Stockholder Meeting is
held, and (vii) against the following actions or proposals: (A) any Competing Transaction in respect of the Buyer or any proposal in
opposition to approval of the Business Combination Agreement or in competition with or inconsistent with the Business Combination
Agreement, (B) any action or proposal that would result in a breach of any representation, warranty, covenant, obligation or
agreement of the Buyer contained in the Business Combination Agreement, and (C) (1) any change in the present capitalization of the
Buyer or any amendment of the A&R Buyer Certificate of Incorporation or Buyer Bylaws, except to the extent expressly
contemplated by the Business Combination Agreement or approved by the prior written consent of the Company, (2) any liquidation or
dissolution or other change in the Buyer’s corporate structure, (3) any action, proposal, transaction or agreement that would
result in a breach in any material respect of any covenant, representation or warranty or other obligation or agreement of such
Holder under this Agreement, or (4) any other action or proposal involving the Buyer or any of its Subsidiaries that is intended, or
would reasonably be expected, to prevent, impede, interfere with, delay, postpone or adversely affect the Transactions. The
obligations of each Holder specified in this Section 1.1 shall apply whether or not the Blocker Merger, Buyer Merger, Company
Merger, any of the Transactions or any action described above is recommended by the Buyer’s Board of Directors. If any Holder
is the beneficial owner, but not the registered holder, of the Covered Shares, such Holder agrees to take all actions necessary or
requested by the Company to cause the registered holder and any nominees to vote all of the Covered Shares in accordance with the
terms of this Agreement.

 

1.2              
Irrevocable Proxy. Each Holder hereby revokes any and all other proxies, consents or powers of attorney in respect of any
Covered Shares and agrees that, during the Restricted Period, such Holder hereby irrevocably appoints the Company or any individual designated
by the Company as such Holder’s agent, attorney-in-fact and proxy (with full power of substitution and resubstitution), for and
in the name, place and stead of such Holder, to vote (or cause to be voted) such Holder’s Covered Shares, in the manner set forth
in Section 1.1, at any Stockholder Meeting, however called, or in connection with any written consent of the stockholders of the
Buyer. The power of attorney granted by each Holder hereunder is a durable power of attorney coupled with
an interest and shall survive the death, incapacity, illness, bankruptcy, dissolution or other inability to act of any Holder. With respect
to Covered Shares as to which any Holder is the beneficial owner but not the holder of record, such Holder shall cause any holder of record
of such Covered Shares to grant to the Company or any individual designated by the Company a proxy to the same effect as that described
in this Section 1.2. The exercise of the foregoing proxy shall not relieve any Holder from any liability hereunder for failing
to comply with the terms of this Agreement. Each Holder hereby affirms that the proxy set forth in this Section 1.2 is irrevocable,
is coupled with an interest sufficient in law to support an irrevocable proxy, and is granted in consideration of the QualTek Parties
entering into the Business Combination Agreement; provided, that, for the avoidance of doubt, the proxy set forth in this Section
1.2 shall terminate automatically upon termination of this Agreement in accordance with Section 5. The vote of the proxyholder
in accordance with this Section 1.2 shall control in any conflict between the vote by the proxyholder of any Holder’s Covered
Shares in accordance with this Section 1.2 and a vote by the applicable Holder of such Holder’s Covered Shares.

 

    - 2 -

     

    

 

2.           
  No Redemption. Each Holder hereby unconditionally and irrevocably agrees that such
Holder shall not, and shall cause its Affiliates not to, elect to redeem or tender or submit for redemption such Holder’s Covered
Shares pursuant to or in connection with the Buyer Share Redemption or otherwise in connection with the Transactions. 

 

3.            
Representations, Warranties and Agreements.

 

3.1              
Holder’s Representations, Warranties and Agreements. Each Holder, severally and not jointly, hereby represents and
warrants to the QualTek Parties and acknowledges and agrees with the QualTek Parties as follows:

 

3.1.1         
If such Holder is not an individual, such Holder has been duly formed or incorporated and is validly existing in good standing
under the laws of its jurisdiction of incorporation or formation, with power and authority to enter into, deliver and perform its obligations
under this Agreement. If such Holder is an individual, such Holder has the authority to enter into, deliver and perform its obligations
under this Agreement.

 

3.1.2         
If such Holder is not an individual, this Agreement has been duly authorized, validly executed and delivered by such Holder. If
such Holder is an individual, the signature on this Agreement is genuine, and such Holder has legal competence and capacity to execute
the same. This Agreement is enforceable against such Holder in accordance with its terms, except as may be limited or otherwise affected
by (a) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other laws relating to or affecting the rights of
creditors generally, and (b) principles of equity, whether considered at law or equity.

 

3.1.3         
The execution, delivery and performance by such Holder of this Agreement and the consummation of the transactions contemplated
herein do not and will not (a) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a
default under, or result in the creation or imposition of any lien, charge or encumbrance upon such Holder’s Covered Shares or any
other property or assets of such Holder or any of its Subsidiaries pursuant to the terms of any indenture, mortgage, deed of trust, loan
agreement, lease, license or other agreement or instrument to which such Holder or any of its Subsidiaries is a party or by which such
Holder or any of its Subsidiaries is bound or to which such Holder’s Covered Shares or any other property or assets of such Holder
or any of its Subsidiaries is subject, which would reasonably be expected to have a material adverse effect on the legal authority of
such Holder to enter into and timely perform its obligations under this Agreement (a “Holder Material Adverse Effect”),
(b) if such Holder is not an individual, result in any violation of the provisions of the organizational documents of such Holder or any
of its Subsidiaries or (c) result in any violation of any statute or any judgment, order, rule or regulation of any court or governmental
agency or body, domestic or foreign, having jurisdiction over such Holder that would reasonably be expected to have a Holder Material
Adverse Effect.

 

3.1.4          Exhibit
A hereto sets forth the number of Covered Shares over which such Holder has beneficial ownership as of the date hereof. As of
the date hereof, such Holder is the legal and beneficial owner of the Covered Shares denoted as being owned by such Holder on Exhibit
A hereto and has the sole power to vote (or sole power to direct the voting of) such Covered Shares. Such Holder has good and
valid title to the Covered Shares denoted as being owned by such Holder on Exhibit A hereto, free and clear of any and all
Liens other than those created or permitted by this Agreement and those imposed by applicable law, including federal and state
securities laws, and are not subject to any preemptive or similar rights. There are no claims for finder’s fees or brokerage
commission or other like payments in connection with this Agreement or the transactions contemplated hereby payable by such Holder
pursuant to arrangements made by such Holder. Except for the Covered Shares denoted on Exhibit A hereto, as of the date of
this Agreement, such Holder is not a beneficial owner or record holder of any (a) equity securities of the Buyer,
(b) securities of the Buyer having the right to vote on any matters on which the holders
of equity securities of the Buyer may vote or which are convertible into or exchangeable for,
at any time, equity securities of the Buyer, or (c) options or other rights to acquire from the Buyer any
equity securities or securities convertible into or exchangeable for equity securities of the Buyer except
as contemplated by Business Combination Agreement or the Ancillary Agreements.

 

    - 3 -

     

    

 

3.1.5         
Such Holder acknowledges and represents that such Holder has received such information as such Holder deems necessary in order
to make an investment decision with respect to the Covered Shares and to enter into this Agreement, including with respect to the Buyer,
the Company, the Blocker and the Transactions. Without limiting the generality of the foregoing, such Holder has not relied on any statements
or other information provided by the Buyer or any QualTek Party in making its decision to enter into,
deliver and perform its obligations under this Agreement. Such Holder further acknowledges that that there have been no representations,
warranties, covenants or agreements made to such Holder by the Company, the Blocker or any of their respective officers or directors,
expressly or by implication, other than those representations, warranties, covenants and agreements expressly set forth in this Agreement.
Such Holder acknowledges that the agreements contained herein with respect to the Covered Shares held by such Holder are irrevocable.

 

3.1.6         
Such Holder is not currently (and at all times through Closing will refrain from being or becoming) a member of a “group”
(within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or any successor provision), including any group acting for the purpose of acquiring, holding or disposing of equity
securities of the Buyer (within the meaning of Rule 13d-5(b)(1) under the Exchange Act).

 

3.1.7         
Such Holder understands and acknowledges that the QualTek Parties are entering into the Business Combination Agreement in reliance
upon the execution and delivery of this Agreement by such Holder and in reliance on the acknowledgments, understandings, agreements, representations
and warranties of such Holder contained in this Agreement.

 

3.1.8         
Such Holder (a) has not entered into any voting agreement or voting trust with respect to Holder’s Covered Shares inconsistent
with such Holder’s obligations pursuant to this Agreement, (b) has not granted a proxy, a consent or power of attorney with
respect to such Holder’s Covered Shares and (c) has not entered into any agreement or taken any action that would make any
representation or warranty of such Holder contained herein untrue or incorrect in any material respect or have the effect of preventing
such Holder from performing any of its obligations under this Agreement.

 

3.1.9         
There is no Action pending against such Holder or, to the knowledge of such Holder, threatened against such Holder that challenges
the beneficial or record ownership of such Holder’s Covered Shares, the validity of this Agreement or the performance by such Holder
of its obligations under this Agreement.

 

3.1.10      As
of the date hereof, (i) neither such Holder nor any of its Affiliates owns, directly or indirectly, any equity interests or any
other interests exercisable or convertible into any equity interests of any Person engaged in any business that is competitive with
the Company and its Subsidiaries (a “Competing Business”) and (ii) neither such Holder nor any of its Affiliates
is party to any contract, agreement or arrangement to acquire any equity interests or other interests exercisable or convertible
into any equity interests of any Competing Business; provided, that, for the purposes of this Section 3.1.10 such
equity interests or any other interests exercisable or convertible into any equity interests shall not include any passive
investment (in the ordinary course of business and not with the purpose nor with the effect of changing or influencing the control
of the issuer, nor in connection with or as a participant in any transaction having such purpose or effect) of less than two percent
(2%), in the aggregate, of the outstanding shares or capital stock, as applicable of any class of any corporation that is traded on
a nationally recognized securities exchange or inter-dealer quotation system (or its equivalent in any foreign jurisdiction).

 

    - 4 -

     

    

 

3.1.11     
Such Holder represents and warrants that such Holder is not (a) a person or entity named on the List of Specially Designated Nationals
and Blocked Persons administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”)
or in any Executive Order issued by the President of the United States and administered by OFAC (“OFAC List”), or a
person or entity prohibited by any OFAC sanctions program, (b) a Designated National as defined in the Cuban Assets Control Regulations,
31 C.F.R. Part 515 or (c) a non-U.S. shell bank or providing banking services indirectly to a non-U.S. shell bank. Such Holder agrees
to provide law enforcement agencies, if requested thereby, such records as required by applicable law unless such Holder is not permitted
to do so under applicable law. Such Holder represents that if it is a financial institution subject to the Bank Secrecy Act (31 U.S.C.
Section 5311 et seq.) (the “BSA”), as amended by the USA PATRIOT Act of 2001 (the “PATRIOT Act”),
and its implementing regulations (collectively, the “BSA/PATRIOT Act”), that such Holder maintains policies and procedures
reasonably designed to comply with applicable obligations under the BSA/PATRIOT Act. Such Holder also represents that, to the extent required,
it maintains policies and procedures reasonably designed for the screening of its investors against the OFAC sanctions programs, including
the OFAC List.

 

3.2              
Representations, Warranties and Agreements of the QualTek Parties. The QualTek Parties hereby represent and warrant to each
Holder and acknowledge and agree with each Holder as follows:

 

3.2.1         
Each QualTek Party is duly organized and validly existing under the laws of its jurisdiction of formation, with limited liability
company power and authority to enter into, deliver and perform its obligations under this Agreement.

 

3.2.2         
This Agreement has been duly authorized, executed and delivered by the QualTek Parties and is enforceable against the QualTek Parties
in accordance with its terms, except as may be limited or otherwise affected by (a) bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium or other laws relating to or affecting the rights of creditors generally and (b) principles of equity, whether considered at
law or equity.

 

3.2.3         
The execution, delivery and performance of this Agreement (including compliance by the QualTek Parties with all of the provisions
hereof) and the consummation of the transactions contemplated herein will not (a) conflict with or result in a breach or violation of
any of the terms or provisions of, or constitute a default under, any of the terms of any material contract, or other agreements or instrument
to which any QualTek Party is a party or by which any QualTek Party or any of its assets may be bound, (b) result in any violation of
the provisions of the organizational documents of any QualTek Party, as applicable or (c) result in any violation of any statute or any
judgment, order, rule or regulation of any court or governmental agency or body, domestic or foreign, having jurisdiction over any QualTek
Party or any of its properties, as applicable, that would reasonably be expected to impair any QualTek Party’s ability to perform
its obligations under this Agreement in any material respect.

 

4.                 
Additional Covenants.

 

4.1               Each
Holder agrees that, during the Restricted Period, except as contemplated by the Business Combination Agreement and the Transactions,
it shall not, and shall cause its Affiliates not to, without the Company’s prior written consent (which consent may be given
or withheld by the Company in its sole discretion): (a) offer for sale, sell (including short sales), transfer, tender, pledge,
convert, encumber, assign or otherwise dispose of (including by gift, merger, tendering into any tender offer or exchange offer or
otherwise) (collectively, a “Transfer”), or enter into any contract, option, derivative, hedging or other
agreement or arrangement or understanding (including any profit-sharing arrangement) with respect to, or consent to, a Transfer of,
any or all of the Covered Shares or any interest in the Covered Shares; (b) grant any proxies or powers of attorney with respect to
any or all of the Covered Shares (except in connection with voting by proxy at a Stockholder Meeting as contemplated by Section
1); or (c) permit to exist any Lien with respect to any or all of the Covered Shares other than those created by this Agreement.
Notwithstanding the foregoing, this Section 4.1 shall also not prohibit a Transfer of Covered Shares by any Holder to an
Affiliate of such Holder; provided, that such Transfer shall be permitted only if, prior to or in connection with such
Transfer, the transferee agrees in writing, reasonably satisfactory in form and substance to the Company, to assume all of the
obligations of the applicable Holder hereunder and to be bound by the terms of this Agreement; and provided, further,
that any such Transfer shall not excuse any Holder’s obligations under this Agreement. Any Transfer in violation of this Section
4.1 shall be null and void ab initio.

 

    - 5 -

     

    

 

4.2              
In the event of a share dividend or distribution, or any change in the Covered Shares by reason of any share dividend or distribution,
sub-division, recapitalization, combination, conversion, exchange of shares or the like, the term “Covered Shares”
shall be deemed to refer to and include the Covered Shares as well as all such share dividends and distributions and any securities into
which or for which any or all of the Covered Shares may be changed or exchanged or which are received in such transaction. Each Holder
agrees, while this Agreement is in effect, to notify the Company promptly in writing (including by e-mail) of the number of any additional
Covered Shares acquired by such Holder, if any, after the date hereof.

 

4.3              
Standstill Obligations. Each Holder covenants and agrees that, during the Restricted Period:

 

4.3.1         
Such Holder shall not take, nor shall any of its Affiliates or representatives take any action intended to solicit, initiate or
encourage, or any action to continue or engage in discussions or negotiations with, any Person (other than the QualTek Parties and/or
any of their Affiliates or representatives), concerning, relating to or which is intended or is reasonably likely to give rise to or result
in, a Competing Transaction in respect of the Buyer other than with the QualTek Parties and their
respective Affiliates and representatives. If such Holder or any of its Affiliates or representatives receives any inquiry or proposal
regarding a Competing Transaction in respect of the Buyer, then such Holder shall promptly notify
such Person indicating only that it is subject to an exclusivity agreement that prohibits it from considering such inquiry or proposal
and, in such event, such Holder shall also promptly notify the Company of such facts and circumstances. Such Holder shall, and shall cause
its Affiliates and representatives to, immediately cease any and all existing discussions or negotiations with any Person (other than
the QualTek Parties and/or any of their Affiliates or representatives) conducted prior to the date hereof with respect to, or which is
reasonably likely to give rise to or result in, a Competing Transaction in respect of the Buyer.

 

4.3.2         
Such Holder shall not, nor shall such Holder act in concert with any Person to make, or in any manner participate in a “solicitation”
of “proxies” or consents (as such terms are used in the proxy solicitation rules of the SEC) or powers of attorney or similar
rights to vote, or seek to advise or influence any person with respect to the voting of, any Covered Shares in connection with any vote
or other action with respect to the Buyer Shareholder Voting Matters, other than to recommend that shareholders of the Buyer vote
in favor of approval of the Business Combination Agreement and the other Buyer Shareholder Matters (and otherwise as expressly provided
by Section 1).

 

    - 6 -

     

    

 

4.4              
 Stop Transfers. Each Holder agrees with, and covenants to, the QualTek Parties that such Holder shall not request that
the Buyer register the Transfer (book-entry or otherwise) of any Covered Shares during the term of
this Agreement without the prior written consent of the Company, in its sole discretion, other than pursuant to a Transfer permitted by
Section 4.1. Each Holder hereby authorizes and instructs Buyer to instruct Buyer’s
transfer agent to enter a stop transfer order with respect to all of the Covered Shares subject to the provisions of this Agreement; provided,
that any such stop transfer order will immediately be withdrawn and terminated by Buyer following
termination of this Agreement in accordance with Section 5.

 

4.5              
No Inconsistent Agreements. Each Holder hereby covenants and agrees that, except for this Agreement, such Holder shall not,
at any time while this Agreement remains in effect, (a) enter into any voting agreement or voting trust with respect to such Holder’s
Covered Shares inconsistent with such Holder’s obligations pursuant to this Agreement, (b) subject to Section 1.2, grant
a proxy, a consent or power of attorney with respect to such Holder’s Covered Shares (except in connection with voting by proxy
at a Stockholder Meeting as contemplated by Section 1 or as would not be inconsistent with such Holder’s obligations pursuant
to this Agreement) or (c) enter into any agreement or taken any action that would make any representation or warranty of such Holder contained
herein untrue or incorrect in any material respect or have the effect of preventing such Holder from performing any of its obligations
under this Agreement.

 

4.6              
Non-Circumvention. Each party hereto agrees that it shall not, and shall cause its Affiliates not to, indirectly accomplish
that which it is not permitted to accomplish directly under this Agreement pursuant to provisions of this Agreement that have not been
terminated pursuant to Section 5.

 

5.            
Termination. This Agreement shall terminate and be void and of no further force and
effect, and all rights and obligations of the parties hereunder shall terminate without any further liability on the part of any party
in respect thereof, upon the earlier to occur of (a) the consummation of the Closing, (b) such date and time as the Business Combination
Agreement is validly terminated in accordance with its terms and (c) upon the mutual written agreement of each of the parties hereto to
terminate this Agreement; provided, that nothing herein will relieve any party from liability for any willful breach hereof prior
to the time of termination, and each party will be entitled to any remedies at law or in equity to recover losses, liabilities or damages
arising from such breach. Notwithstanding anything to the contrary herein, the provisions of this Section 5 and Sections 6
and 8 shall survive the termination of this Agreement.

 

6.            
No Recourse. Notwithstanding anything to the contrary contained herein or otherwise,
but without limiting any provision of the Business Combination Agreement or any Ancillary Agreement, this Agreement may only be enforced
against, and any claims or causes of action that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution
or performance of this Agreement or the transactions contemplated hereby, may only be made against the entities and Persons that are expressly
identified as parties to this Agreement in their capacities as such and no former, current or future shareholders, equityholders, controlling
persons, directors, officers, employees, general or limited partners, members, managers, agents or Affiliates of any party hereto, or
any former, current or future direct or indirect shareholder, equityholder, controlling person, director, officer, employee, general or
limited partner, member, manager, agent or Affiliate of any of the foregoing (each, a “Non-Recourse Party”) shall have
any liability for any obligations or liabilities of the parties to this Agreement or for any claim (whether in tort, contract or otherwise)
based on, in respect of, or by reason of, the transactions contemplated hereby or in respect of any oral representations made or alleged
to be made in connection herewith. Without limiting the rights of any party against the other parties hereto, in no event shall any party
or any of its Affiliates seek to enforce this Agreement against, make any claims for breach of this Agreement against, or seek to recover
monetary damages from, any Non-Recourse Party.

 

    - 7 -

     

    

 

7.        
     Buyer Actions. Notwithstanding anything in this Agreement to the
contrary: (a) no Holder shall be responsible hereunder for the actions or omissions of the Buyer, its Board of Directors or any committee
thereof, any Subsidiary of the Buyer, any Board of Directors of any Subsidiary of the Buyer or committee thereof, or any officers, directors,
employees or professional advisors of any of the foregoing (collectively, the “Buyer Related Parties”), (b) no Holder
makes any representation or warranties with respect to the actions of any of the Buyer Related Parties, and (c) no Holder makes any agreement
or understanding in this Agreement in any Holder’s capacity as a director or officer of Buyer or any Buyer Subsidiary, and nothing
in this Agreement (i) will limit or affect any actions or omissions taken by any Holder in such Holder’s capacity as such a director
or officer and no such actions or omissions shall be deemed a breach of this agreement, and (ii) will be construed to prohibit,
limit, or restrict any Holder from exercising such Holder’s fiduciary duties as an officer or director to Buyer or a Buyer Subsidiary,
in such capacity.

 

8.            
Miscellaneous.

 

8.1              
Additional Agreements.

 

8.1.1         
The parties hereto shall execute and deliver such additional documents and take such additional actions as the parties reasonably
may deem to be practical and necessary in order to consummate the transactions contemplated by this Agreement.

 

8.1.2         
Each Holder acknowledges that the Company, the Blocker, the Buyer and others will rely on
the acknowledgements, understandings, agreements, representations and warranties contained in this Agreement.

 

8.1.3         
Each of the Holders, the Company and the Blocker is entitled to rely upon this Agreement and is irrevocably authorized to produce
this Agreement or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to
the matters covered hereby.

 

8.1.4         
Each Holder shall pay all of its own expenses in connection with this Agreement and the transactions contemplated herein.

 

8.1.5         
Each Holder shall take, or cause to be taken, all actions and do, or cause to be done, all things necessary, proper or advisable
to consummate the transactions contemplated by this Agreement at the times and on the terms and conditions described herein.

 

8.2              
Notices. Any notice or communication required or permitted hereunder shall be in writing and either delivered personally,
emailed or sent by overnight mail via a reputable overnight carrier, or sent by certified or registered mail, postage prepaid, and shall
be deemed to be given and received (a) when so delivered personally, (b) when sent, with no mail undeliverable or other rejection
notice, if sent by email, or (c) three (3) Business Days after the date of mailing to the address below or to such other address or addresses
as such person may hereafter designate by notice given hereunder:

 

(i)            If
to any QualTek Party:

 

BCP QualTek Holdco, LLC

475 Sentry Parkway E

Blue Bell, PA 19422

Attention: Scott Hisey

Email: 

 

    - 8 -

     

    

 

and

 

BCP QualTek Investor Holdings, L.P.

650 5th Avenue

New York, New York 10019

	Attention:	Andrew Weinberg
	 	Matthew Allard

	Email:	

 

with a copy (which shall not constitute notice) to:

 

Kirkland & Ellis LLP

601 Lexington Avenue

New York, New York 10022

	Attention:	Michael E Weisser, P.C.
	 	Matthew S. Arenson, P.C.
	 	Erika P. López

	Email:	 

 

(ii)           If
to any Holder, to such address or addresses set forth on Exhibit A attached hereto.

 

8.3              
Entire Agreement. This Agreement constitutes the entire agreement, and supersedes all other prior agreements, understandings,
representations and warranties, both written and oral, among the parties, with respect to the subject matter hereof, including any commitment
letter(s) entered into relating to the subject matter hereof.

 

8.4              
Modifications and Amendments. This Agreement may not be amended, modified, supplemented or waived (a) except by an instrument
in writing, signed by the party against whom enforcement of such amendment, modification, supplement or waiver is sought and (b) without
the prior written consent of the Company and the Blocker; provided that any provision of this Agreement may be waived, in whole
or in part, by a party on such party’s own behalf without the prior consent of any other party.

 

8.5              
Assignment. Except for Transfers permitted by Section 4.1, neither this Agreement nor any rights, interests or obligations
that may accrue to the parties hereunder may be Transferred without the prior written consent of each of the other parties hereto.

 

8.6              
Benefit.

 

8.6.1         
Except as otherwise provided herein, this Agreement shall be binding upon, and inure to the benefit of the parties hereto and their
heirs, executors, administrators, successors, legal representatives, and permitted assigns, and the agreements, representations, warranties,
covenants and acknowledgments contained herein shall be deemed to be made by, and be binding upon, such heirs, executors, administrators,
successors, legal representatives and permitted assigns. This Agreement shall not confer rights or remedies upon any person other than
the parties hereto and their respective successors and assigns.

 

    - 9 -

     

    

 

8.6.2         
 Each Holder acknowledges and agrees that (a) this Agreement is being entered into in order to induce each of the Company and the
Blocker to execute and deliver the Business Combination Agreement and without the representations, warranties, covenants and agreements
of such Holder contained herein, each of the Company and the Blocker would not enter into the Business Combination Agreement and (b) each
representation, warranty, covenant and agreement of such Holder contained herein is being made for the benefit of the Company and the
Blocker, and (iii) each of the Company and the Blocker may directly enforce (including by an action for specific performance, injunctive
relief or other equitable relief) each of the covenants and agreements of such Holder under this Agreement.

 

8.7              
Governing Law. This Agreement, and all claims or causes of action based upon, arising out of, or related to this Agreement
or the transactions contemplated hereby, shall be governed by, and construed in accordance with, the laws of the State of Delaware, without
giving effect to principles or rules of conflict of laws to the extent such principles or rules would require or permit the application
of laws of another jurisdiction.

 

8.8              
Consent to Jurisdiction; Waiver of Jury Trial. The parties hereto hereby agree and consent to be subject to the exclusive
jurisdiction of the Court of Chancery of the State of Delaware or, to the extent such court declines jurisdiction, first to any federal
court, or second, to any state court, each located in Wilmington, Delaware, to the exclusion of other courts, and hereby waive the right
to assert the lack of personal or subject matter jurisdiction or improper venue in connection with any such suit, action or other proceeding. 
In furtherance of the foregoing, each of the parties hereto (a) waives the defense of inconvenient forum, (b) agrees not to commence any
suit, action or other proceeding arising out of this Agreement or any transactions contemplated hereby other than in any such court, and
(c) agrees that a final judgment in any such suit, action or other proceeding shall be conclusive and may be enforced in other jurisdictions
by suit or judgment or in any other manner provided by law. Nothing herein contained shall be deemed to affect the right of any party
hereto to serve process in any manner permitted by law or to commence legal proceedings or otherwise proceed against any other party in
any other jurisdiction, in each case, to enforce judgments obtained in any action brought pursuant to this Section 8.8. EACH OF
THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION BASED UPON, ARISING OUT OF OR RELATED TO
THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. Without limiting the foregoing, each party hereto hereby agrees that service of
process upon such party in any action or proceeding contemplated by this Section 8.8 shall be effective if notice is given in accordance
with Section 8.2.

 

8.9              
Severability. If any provision of this Agreement shall be invalid, illegal or unenforceable, the validity, legality or enforceability
of the remaining provisions of this Agreement shall not in any way be affected or impaired thereby and shall continue in full force and
effect.

 

8.10          
No Waiver of Rights, Powers and Remedies. No failure or delay by a party hereto in exercising any right, power or remedy
under this Agreement, and no course of dealing between the parties hereto, shall operate as a waiver of any such right, power or remedy
of such party. No single or partial exercise of any right, power or remedy under this Agreement by a party hereto, nor any abandonment
or discontinuance of steps to enforce any such right, power or remedy, shall preclude such party from any other or further exercise thereof
or the exercise of any other right, power or remedy hereunder. The election of any remedy by a party hereto shall not constitute a waiver
of the right of such party to pursue other available remedies. No notice to or demand on a party not expressly required under this Agreement
shall entitle the party receiving such notice or demand to any other or further notice or demand in similar or other circumstances or
constitute a waiver of the rights of the party giving such notice or demand to any other or further action in any circumstances without
such notice or demand.

 

    - 10 -

     

    

 

8.11          
Remedies.

 

8.11.1     
 The parties agree that the Company and the Blocker would suffer irreparable damage if this Agreement was not performed or was
otherwise breached and that money damages or other legal remedies would not be an adequate remedy for any such damage. It is accordingly
agreed that the Company and the Blocker shall be entitled to equitable relief, including in the form of an injunction or injunctions,
to prevent breaches or threatened breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement, including
each Holder’s obligations to vote its Covered Shares as provided in this Agreement, without proof of actual damages or the inadequacy
of monetary damages as a remedy, in an appropriate court of competent jurisdiction as set forth in Section 8.8, this being in addition
to any other remedy to which any party is entitled at law or in equity, including money damages.  The right to specific enforcement
shall include the right of the Company or the Blocker to cause any Holder to cause the transactions contemplated hereby to be consummated
on the terms and subject to the conditions and limitations set forth in this Agreement. The parties hereto further agree (a) to waive
any requirement for the security or posting of any bond in connection with any such equitable remedy, (b) not to assert that a remedy
of specific enforcement pursuant to this Section 8.11 is unenforceable, invalid, contrary to applicable law or inequitable for
any reason and (c) to waive any defenses in any action for specific performance, including the defense that a remedy at law would be adequate. 
In connection with any action for which the Company or the Blocker is
being granted an award of money damages, each Holder agrees that such
damages shall include, without limitation, damages related to the cash consideration that is or was to be paid to the Company or its equityholders
under the Business Combination Agreement and such damages are not limited to an award of out-of-pocket fees and expenses related to the
Business Combination Agreement. 

 

8.11.2      
The parties acknowledge and agree that this Section 8.11 is an integral part of the transactions contemplated hereby and
without that right, the parties hereto would not have entered into this Agreement.

 

8.11.3      
In any dispute arising out of or related to this Agreement, or any other agreement, document, instrument or certificate contemplated
hereby, or any transactions contemplated hereby or thereby, the applicable adjudicating body shall award to the prevailing party, if any,
the costs and attorneys’ fees reasonably incurred by the prevailing party in connection with the dispute and the enforcement of
its rights under this Agreement or any other agreement, document, instrument or certificate contemplated hereby and, if the adjudicating
body determines a party to be the prevailing party under circumstances where the prevailing party won on some but not all of the claims
and counterclaims, the adjudicating body may award the prevailing party an appropriate percentage of the costs and attorneys’ fees
reasonably incurred by the prevailing party in connection with the adjudication and the enforcement of its rights under this Agreement
or any other agreement, document, instrument or certificate contemplated hereby or thereby.

 

8.12          
Non-Survival of Representations and Warranties. None of the representations and warranties made by the parties hereto in
this Agreement shall survive the Closing.

 

8.13          
No Broker or Finder. Each Holder represents and warrants to the QualTek Parties that no broker, finder or other financial
consultant has acted on its behalf in connection with this Agreement or the transactions contemplated hereby in such a way as to create
any liability on either QualTek Party. Each Holder agrees to indemnify and save each QualTek Party harmless from any claim or demand for
commission or other compensation by any broker, finder, financial consultant or similar agent claiming to have been employed by or on
behalf of such Holder and to bear the cost of legal expenses incurred in defending against any such claim.

 

    - 11 -

     

    

 

8.14          
 Headings and Captions. The headings and captions of the various subdivisions of this Agreement are for convenience of reference
only and shall in no way modify or affect the meaning or construction of any of the terms or provisions hereof.

 

8.15          
Counterparts. This Agreement may be executed in one or more counterparts, all of which when taken together shall be considered
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other parties,
it being understood that the parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission
or any other form of electronic delivery, such signature shall create a valid and binding obligation of the party executing (or on whose
behalf such signature is executed) with the same force and effect as if such signature page were an original thereof.

 

8.16          
Construction. The words “include,” “includes,” and “including”
will be deemed to be followed by “without limitation.” Pronouns in masculine, feminine, and neuter genders will be
construed to include any other gender, and words in the singular form will be construed to include the plural and vice versa, unless the
context otherwise requires. The words “this Agreement,” “herein,” “hereof,” “hereby,”
 “hereunder,” and words of similar import refer to this Agreement as a whole and not to any particular subdivision unless
expressly so limited. The parties hereto intend that each representation, warranty, and covenant contained herein will have independent
significance. If any party hereto has breached any representation, warranty, or covenant contained herein in any respect, the fact that
there exists another representation, warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity)
which such party has not breached will not detract from or mitigate the fact that such party is in breach of the first representation,
warranty, or covenant.

 

8.17          
Mutual Drafting. This Agreement is the joint product of the parties hereto and each provision hereof has been subject to
the mutual consultation, negotiation and agreement of the parties hereto and shall not be construed for or against any party.

 

8.18          
Consent to Disclosure. Each Holder hereby consents to the publication and disclosure in the registration statement on Form
S-4, including the proxy statement to be contained therein (and, as and to the extent otherwise required by the federal securities laws
or the SEC or any other securities authorities, any other documents or communications provided or filed by the Buyer,
the Company or the Blocker to or with any governmental authority or to securityholders of the Buyer)
of such Holder’s identity and beneficial ownership of Covered Shares and the nature of such Holder’s commitments, arrangements
and understandings under and relating to this Agreement and, if deemed appropriate by the Buyer,
the Company or the Blocker, a copy of this Agreement. Each Holder will promptly provide any information reasonably requested by the Buyer,
the Company or the Blocker for any regulatory application or filing made or approval sought in connection with the Transactions (including
filings with the SEC).

 

8.19          
No Ownership Interest. Nothing contained in this Agreement shall be deemed to vest in any QualTek Party any direct or indirect
ownership or incidence of ownership of or with respect to any Covered Shares.

 

8.20          
Certificates. Promptly following the date of this Agreement, each Holder shall advise the Buyer’s
transfer agent in writing that such Holder’s Covered Shares are subject to the restrictions set forth herein and, in connection
therewith, provide the Buyer’s transfer agent in writing with such information as is reasonable
to ensure compliance with such restrictions. 

 

8.21           No
Partnership, Agency or Joint Venture. This Agreement is intended to create a contractual relationship among any of the Holders
and any of the QualTek Parties, and is not intended to create, and does not create, any agency, partnership, joint venture or any
like relationship between or among any of the parties.

 

[Signature Page Follows]

 

    - 12 -

     

    

 

IN WITNESS
WHEREOF, each of the QualTek Parties and each Holder has executed or caused this Buyer Voting and Support Agreement to be
executed as of the date set forth above.

 

	 	THE
    COMPANY:
	 	 
	 	BCP
    QUALTEK HOLDCO, LLC 
	 	 
	 	By:	/s/ Andrew S. Weinberg

	 	Name:	Andrew S. Weinberg

	 	Title:	 President

 

Signature Page to
Buyer Voting and Support Agreement

 

     

     

    

 

	 	THE
    BLOCKER:
	 	 
	 	BCP QUALTEK INVESTOR, LLC
	 	 
	 	By: BCP QUALTEK INVESTOR HOLDINGS, L.P., its managing member
	 	 
	 	By: BRIGHTSTAR ASSOCIATES, L.P., its general partner
	 	 
	 	By: BRIGHTSTAR GP INVESTORS, LLC, its managing member
	 	 
	 	 	 	By:	/s/ Andrew S. Weinberg
	 	 	 	Name	Andrew S. Weinberg
	 	 	 	Title	President

 

Signature Page to
Buyer Voting and Support Agreement

 

     

     

    

 

	 	THE HOLDERS:
	 	 
	 	CR FINANCIAL HOLDINGS, INC.
	 	 
	 	By:	/s/
    Byron Roth
	 	Name: Byron Roth
	 	Title:   Chief Executive
    Officer
	 	 
	 	CRAIG-HALLUM CAPITAL GROUP, LLC
	 	 
	 	By:	/s/ Rick Hartfiel
	 	Name: Rick Hartfiel
	 	Title:   Head of Investment Banking
	 	 
	 	ROTH CAPITAL PARTNERS, LLC
	 	 
	 	By:	/s/ Byron Roth
	 	Name: Byron Roth
	 	Title: Chief Executive Officer
	 	 
	 	BYRON ROTH
	 	/s/
    Byron Roth
	 	 
	 	GORDON ROTH
	 	/s/
    Gordon Roth 
	 	 
	 	AARON GUREWITZ, AS TRUSTEE
    OF THE AMG TRUST ESTABLISHED JANUARY 23, 2007
	 	/s/
    Aaron Gurewitz 
	 	 
	 	ANDREW COSTA
	 	/s/
    Andrew Costa
	 	 
	 	MATTHEW DAY
	 	/s/
    Matthew Day 
	 	 
	 	THEODORE ROTH
	 	/s/
    Theodore Roth 

 

Signature Page to
Buyer Voting and Support Agreement

 

     

     

    

 

	 	JOHN LIPMAN
	 	/s/
    John Lipman
	 	 
	 	NAZAN AKDENIZ
	 	/s/
    Nazan Akdeniz 
	 	 
	 	LOUIS J. ELLIS III
	 	/s/
    Louis J. Ellis III 
	 	 
	 	JAMES ZAVORAL
	 	/s/
    James Zavoral 
	 	 
	 	KEVIN HARRIS
	 	/s/
    Kevin Harris
	 	 
	 	WILLIAM F. HARTFIEL III
	 	/s/
    William F. Hartfiel III 
	 	 
	 	BRAD BAKER
	 	/s/
    Brad Baker 
	 	 
	 	GEORGE SUTTON
	 	/s/
    George Sutton 
	 	 
	 	DAN KAPKE
	 	/s/
    Dan Kapke 
	 	 
	 	STEVE DYER
	 	/s/
    Steve Dyer 

 

Signature Page to
Buyer Voting and Support Agreement

 

     

     

    

 

	 	MIKE ANDERSON
	 	/s/
    Mike Anderson 
	 	 
	 	CHRISTIAN SCHWAB
	 	/s/
    Christian Schwab 
	 	 
	 	DONALD HULSTRAND
	 	/s/
    Donald Hulstrand 
	 	 
	 	JAMES GOLD
	 	/s/
    James Gold 
	 	 
	 	SAM CHAWLA
	 	/s/
    Sam Chawla 
	 	 
	 	RX3 GROWTH PARTNERS
	 	 
	 	By:	/s/ Nate Raabe                 
	 	Name:
    Nate Raabe
	 	Title: 
    Managing Partner
	 	 
	 	MOLLY MONTGOMERY 
	 	/s/
    Molly Montgomery 
	 	 
	 	HAMPSTEAD PARK CAPITAL MANAGEMENT,
    LLC
	 	 
	 	By:	 /s/ Daniel M. Friedberg
	 	Name: Daniel M. Friedberg
	 	Title:   Managing Member
	 	 
	 	ADAM ROTHSTEIN
	 	/s/
    Adam Rothstein 

 

Signature Page to
Buyer Voting and Support Agreement

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