Document:

Exhibit 10.1

 

EXECUTION VERSION

 

AMENDED
AND RESTATED REGISTRATION RIGHTS AGREEMENT

 

This AMENDED AND RESTATED
REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of December 15, 2020, between Trinity
Capital Inc., a Maryland corporation (together with any successor entity thereto, the “Company”), and Keefe,
Bruyette & Woods, Inc., a Delaware corporation, as the initial purchaser/placement agent (“KBW”), for the
benefit of KBW and the Holders (as defined below).

 

WHEREAS, the Company
and KBW, for the benefit of KBW and the Holders, entered into the registration rights agreement, dated as of January 16, 2020 (the
 “Original Registration Rights Agreement”), pursuant to the Purchase/Placement Agreement, dated as of January
8, 2020 (the “Purchase/Placement Agreement”), between the Company and KBW, in connection with the sale and purchase
or placement of an aggregate of 7,000,000 shares of the Company’s Common Stock, par value $0.001 per share (“Common
Stock”) that closed on January 16, 2020;

 

WHEREAS, an as an inducement
to KBW to enter into the Purchase/Placement Agreement and as a condition to the closing of the transactions contemplated by the
Purchase/Placement Agreement, the Company agreed to provide the registration rights provided for in Original Registration Rights
Agreement to the Holders; and

 

WHEREAS, in accordance
with Section 10(c) of the Original Registration Rights Agreement, the Company and KBW, for the benefit of KBW and the Holders,
desire to amend and restate the Original Registration Rights Agreement in its entirety to reflect a change to the registration
deadline set forth in Section 2(a) of the Original Registration Rights Agreement from December 31, 2020 to December 31, 2021.

 

NOW, THEREFORE, in consideration
of the premises and for other good and valuable consideration, the parties hereto hereby agree as follows:

 

	1.	DEFINITIONS

 

As used in this Agreement, the following terms
shall have the following meanings:

 

Accredited Investor Shares: The Shares
initially sold by the Company to “accredited investors” (within the meaning of Rule 501(a) promulgated under the Securities
Act).

 

Action: As defined
in Section 6(a) hereof.

 

Affiliate: As
to any specified Person, as defined in Rule 12b-2 under the Exchange Act.

 

Agreement: As
defined in the preamble.

 

Board of Directors:
The board of directors of the Company.

 

Business Day:
With respect to any act to be performed hereunder, each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on which
banking institutions in New York, New York or other applicable places where such act is to occur are authorized or obligated by
applicable law, regulation or executive order to close.

 

Bylaws: The
Bylaws of the Company, adopted as of the date hereof, as amended from time to time.

 

Closing Date:
January 16, 2020 or such other time or such other date as KBW and the Company may agree.

  

Commission:
The U.S. Securities and Exchange Commission.

 

Common Stock:
As defined in the preamble.

 

     

     

    

 

Company: As
defined in the preamble.

 

Company Charter:
The Articles of Incorporation of the Company, adopted as of August 12, 2019, as amended from time to time.

 

Controlling Person:
As defined in Section 6(a) hereof.

 

End of Suspension
Notice: As defined in Section 5(b) hereof.

 

Exchange Act:
The Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated by the Commission pursuant thereto.

 

FINRA: The Financial
Industry Regulatory Authority.

 

Form 10: A registration
statement of the Company filed with the Commission on Form 10 pursuant to the Exchange Act, including any amendments and supplements
to such registration statement, all exhibits thereto and all material incorporated by reference or deemed to be incorporated by
reference, if any, in such registration statement.

 

Holder: Each
record owner of any Registrable Shares from time to time, including KBW and its Affiliates to the extent KBW or any such Affiliate
holds any Registrable Shares, but excluding any Affiliates, officers or directors of the Company.

 

Inclusion Notice:
As defined in Section 2(b)(i) hereof.

 

Indemnified Party:
As defined in Section 6(c) hereof

 

Indemnifying Party:
As defined in Section 6(c) hereof.

 

Information:
As defined in Section 9(o) hereof.

 

IPO: An initial
public offering of the Company’s equity or equity-linked securities by the Company and a listing of the Common Stock on a
National Securities Exchange.

 

IPO Registration
Statement: As defined in Section 2(b)(i) hereof.

 

Issuer Free Writing
Prospectus: As defined in Section 2(c) hereof.

 

JOBS Act: The
Jumpstart Our Business Startups Act of 2012, as amended, and the rules and regulations promulgated by the Commission thereunder.

 

KBW: As defined
in the preamble.

 

Legacy Funds:
Collectively, Trinity Capital Investment, LLC, Trinity Capital Fund II, L.P., Trinity Capital Fund III, L.P., Trinity Capital Fund
IV, L.P. and Trinity Sidecar Income Fund, L.P.

 

Legacy Shares:
The shares of Common Stock issued to the limited partners and members, as applicable, of the Legacy Funds in exchange for the sale
of their limited partnership interests or membership interests, as applicable, in the Legacy Funds.

 

Liabilities:
As defined in Section 6(a) hereof.

 

National Securities
Exchange: The New York Stock Exchange, the Nasdaq Global Select Market, the Nasdaq Global Market, or any similar national securities
exchange.

 

Original Registration
Rights Agreement: As defined in the preamble.

 

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Person: An individual
or a corporation, limited liability company, partnership, association, joint-stock company, trust, unincorporated organization,
government or agency or political subdivision thereof, or any other legal entity.

 

Proceeding:
An action (including a class action), claim, suit or proceeding (including without limitation, an investigation or partial proceeding,
such as a deposition), whether commenced or, to the knowledge of the Person subject thereto, threatened.

 

Prospectus:
The prospectus included in any Resale Registration Statement, including any preliminary prospectus at the applicable “time
of sale” within the meaning of Rule 159 under the Securities Act, and all other amendments and supplements to any such prospectus,
including post-effective amendments to the applicable Resale Registration Statement, and all material incorporated by reference
or deemed to be incorporated by reference, if any, in such prospectus.

 

Purchase/Placement
Agreement: As defined in the preamble.

 

Purchaser Indemnitee:
As defined in Section 6(a) hereof.

 

Registrable Shares:
means (i) the Legacy Shares, the Rule 144A Shares, the Regulation S Shares, and the Accredited Investor Shares, upon original issuance
thereof, and at all times subsequent thereto, including upon the transfer thereof by the original holder or any subsequent holder
and (ii) any shares or other securities of the Company issued in respect of any Registrable Shares by reason of or in connection
with any stock dividend, stock distribution, stock split, purchase in any rights offering or in connection with any exchange for,
or conversion or replacement of, any such Registrable Shares, or any combination of shares, recapitalization, merger or consolidation,
or any other equity securities of the Company issued pursuant to any other pro rata distribution with respect to the Common Stock,
until, in the case of any such share of Common Stock or any such share or other security, the earliest to occur of: (a) the date
on which the resale of such share of Common Stock or such share or other security has been registered pursuant to the Securities
Act and it has been disposed of in accordance with the Resale Registration Statement relating to it; (b) the date on which such
share of Common Stock or such share or other security (1) has been transferred pursuant to Rule 144 (or any similar provision then
in effect) or is freely saleable, without condition, pursuant to Rule 144 (or any similar provision then in effect), including
any current public information requirements (and the Holder of such share of Common Stock or such share or other security beneficially
owns less than 1.0% of the outstanding Common Stock or of the outstanding shares or other securities, as the case may be), and
(2) is listed for trading on a National Securities Exchange; and (c) the date on which such share of Common Stock or such share
or other security is sold to the Company or otherwise ceases to be outstanding.

 

Registration Expenses:
Any and all fees and expenses incident to the performance of or compliance with this Agreement, including, without limitation:
(a) all Commission, securities exchange, FINRA or other registration, listing, inclusion and filing fees; (b) all fees and expenses
incurred in connection with compliance with international, federal or state securities or blue sky laws (including, without limitation,
any registration, listing and filing fees, and reasonable fees and disbursements of counsel in connection with blue sky qualification
of any of the Registrable Shares, the preparation of a blue sky memorandum, and compliance with the rules of FINRA); (c) all expenses
in preparing or assisting in preparing, word processing, duplicating, printing, delivering and distributing any Resale Registration
Statement, any Prospectus, any amendments or supplements thereto, any underwriting agreements, securities sales agreements, certificates
and any other documents relating to the performance under and compliance with this Agreement; (d) all fees and expenses incurred
in connection with the listing or inclusion of any of the Registrable Shares on any securities exchange pursuant to Section
4(m) hereof; (e) the fees and disbursements of counsel for the Company and of the independent registered public accounting
firm of the Company (including, without limitation, the expenses of any special audit and “cold comfort” letters required
by or incident to the performance of this Agreement); (f) reasonable and documented fees and disbursements of counsel to the Holders,
with respect to a review of the Resale Registration Statement and other offering arrangements for the Holders (such counsel, “Review
Counsel”) in an amount not to exceed $75,000; and (g) any fees and disbursements customarily paid by issuers in connection
with offerings, sales and issuances of securities (including the fees and expenses of any experts retained by the Company in connection
with any Resale Registration Statement); provided, however, that Registration Expenses shall exclude any and all brokers’
or underwriters’ discounts and commissions, transfer taxes, and transfer fees relating to the sale or disposition of Registrable
Shares by a Holder, and the fees and expenses of any counsel to the Holders, except as provided for in clause (f) above.

 

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Regulation S:
Regulation S (Rules 901-905) promulgated by the Commission under the Securities Act, as such rules may be amended from time to
time, or any similar rule or regulation hereafter adopted by the Commission as a replacement thereto having substantially the same
effect as such regulation.

 

Regulation S Shares:
The Shares initially sold by the Company to KBW and resold by KBW pursuant to the Purchase/Placement Agreement to “non-U.S.
persons” (in accordance with Regulation S) in an “offshore transaction” (in accordance with Regulation S).

 

Resale Registration
Statement: Any registration statement of the Company filed or confidentially submitted with the Commission under the Securities
Act, including any Shelf Registration Statement and any IPO Registration Statement, that covers the resale of Registrable Shares
pursuant to the provisions of this Agreement, including the Prospectus, amendments and supplements to such registration statement
or Prospectus, including pre- and post-effective amendments, all exhibits thereto and all material incorporated by reference or
deemed to be incorporated by reference, if any, in such registration statement.

 

Review Counsel:
As defined in clause (f) of the definition for “Registration Expenses.”

 

Rule 144A Shares:
The Shares initially sold by the Company to KBW and resold by KBW pursuant to the Purchase/Placement Agreement to “qualified
institutional buyers” (as such term is defined in Rule 144A).

 

SEC Guidance:
Means (i) any publicly available written or oral interpretations, questions and answers, guidance and forms of the Commission,
(ii) any oral or written comments, requirements or requests of the Commission or its staff, (iii) the Securities Act and the Exchange
Act and (iv) any other rules, bulletins, releases, manuals and regulations of the Commission.

 

Securities Act:
The Securities Act of 1933, as amended, and the rules and regulations promulgated by the Commission thereunder. Any reference to
a “Rule” number herein, unless otherwise specified, shall be a reference to such Rule number promulgated by the Commission
pursuant to the Securities Act, as such rule may be amended from time to time, or any similar rule or regulation hereafter adopted
by the Commission as a replacement thereto having substantially the same effect as such rule.

 

Shares: The
Common Stock being offered and sold pursuant to the terms and conditions of the Purchase/Placement Agreement.

 

Shelf Registration
Statement: As defined in Section 2(a)(i) hereof.

 

Suspension Event:
As defined in Section 5(b) hereof.

 

Suspension Notice:
As defined in Section 5(b) hereof

 

Underwritten Offering:
A sale of securities of the Company to an underwriter or underwriters for reoffering to the public, including a “block trade”
or other similar transaction.

 

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	 	2.	REGISTRATION RIGHTS

 

(a)          
Mandatory Shelf Registration.

 

Filing
and Effectiveness. As set forth in Section 4 hereof, the Company agrees to file with the Commission as soon as reasonably
practicable following the effectiveness of the Company’s Form 10 (but in no event later than May 15, 2020), a shelf Resale
Registration Statement on Form N-2, or such other form under the Securities Act then available to the Company, providing for the
resale of the Registrable Shares pursuant to Rule 415, from time to time, by the Holders (a “Shelf Registration Statement”).
Subject to Section 4 hereof, the Company shall use commercially reasonable efforts to cause such Shelf Registration Statement
to be declared effective by the Commission as soon as practicable after the initial filing thereof (but in no event later than
December 31, 2021) and to cause the Registrable Shares to be listed on a National Securities Exchange concurrently with the effectiveness
of the Shelf Registration Statement. Any Shelf Registration Statement shall provide for the resale, from time to time, of any and
all Registrable Shares by the Holders pursuant to any method or combination of methods legally available and customarily used (including,
without limitation, a block trade, an Underwritten Offering, a forward sale, an option, a short sale, a put, a call or other derivative
transaction, a direct sale to purchasers or a sale through brokers or agents, which may include sales over the internet). Nothing
in this Section 2 or elsewhere in this Agreement shall be construed to modify in any way any agreement (with the Company
or with any underwriter) by any Holder not to sell Registrable Shares for any period of time, including pursuant to Section
7 hereof.

 

(b)          
IPO Registration.

 

(i)            
Filing and Inclusion of Registrable Shares. If the Company proposes to file a registration statement on Form N-2
or such other form under the Securities Act providing for the initial public offering of the Common Stock (the “IPO Registration
Statement”), the Company will notify in writing each Holder of the filing before (but no earlier than ten (10) Business
Days before) or within five (5) Business Days after the initial filing, and afford each Holder an opportunity to include in the
IPO Registration Statement all or any part of the Registrable Shares then held by such Holder. Each Holder desiring to include
in the IPO Registration Statement all or any part of the Registrable Shares held by such Holder shall, within twenty (20) days
after receipt of the above-described notice from the Company, so notify the Company in writing (the “Inclusion Notice”),
and in such Inclusion Notice shall inform the Company of the number of Registrable Shares such Holder wishes to include in the
IPO Registration Statement. Any election by any Holder to include any Registrable Shares in the IPO Registration Statement will
not affect the inclusion of such Registrable Shares in the Shelf Registration Statement until such Registrable Shares have been
sold under the IPO Registration Statement.

 

(ii)          
Right to Terminate IPO Registration. The Company shall have the right to terminate or withdraw the IPO Registration
Statement prior to the effectiveness of the IPO Registration Statement whether or not any Holder has elected to include Registrable
Shares in the IPO Registration Statement; provided, however, the Company must provide each Holder that elected to include
any Registrable Shares in the IPO Registration Statement prompt written notice of such termination or withdrawal. Furthermore,
in addition to actions required of the Company pursuant to Section 2(b)(i), in the event the IPO Registration Statement
is not declared effective within one hundred twenty (120) days following the initial filing of the IPO Registration Statement,
unless a road show for the Underwritten Offering pursuant to the IPO Registration Statement is actually in progress at such time
or such IPO Registration Statement has been terminated or withdrawn pursuant to this Section 2(b)(ii), the Company shall
promptly provide a new written notice to all Holders giving them an additional opportunity to submit an Inclusion Notice and elect
to include their Registrable Shares in the IPO Registration Statement as described above in clause (b)(i).

 

(iii)          Shelf
Registration Not Impacted by IPO Registration Statement. The Company’s obligation to file the Shelf Registration
Statement pursuant to Section 2(a) hereof shall not be affected by the filing or effectiveness of the IPO Registration Statement.
In addition, the Company’s obligation to file and use its commercially reasonable efforts to cause to become and keep effective
the Shelf Registration Statement pursuant to Section 2(a) hereof shall not be affected by the filing or effectiveness of
an IPO Registration Statement.

 

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(c)          
Issuer Free Writing Prospectus. The Company represents and agrees that, unless it obtains the prior consent of Holders
of a majority of the Registrable Shares that are included in a Resale Registration Statement at such time or the consent of the
lead managing underwriter in connection with any Underwritten Offering of Registrable Shares, and each Holder represents and agrees
that, unless it obtains the prior consent of the Company and, in connection with any Underwritten Offering of Registrable Shares,
the consent of the lead managing underwriter of such Underwritten Offering, it shall not make any offer relating to the Registrable
Shares that would constitute an “issuer free writing prospectus,” as defined in Rule 433 (an “Issuer Free
Writing Prospectus”), or that would otherwise constitute a “free writing prospectus,” as defined in Rule
405, required to be filed with the Commission. The Company represents that any Issuer Free Writing Prospectus will not include
any information that conflicts with the information contained in any Resale Registration Statement or the related Prospectus, and
any Issuer Free Writing Prospectus, when taken together with the information in such Resale Registration Statement and the related
Prospectus, will not include any untrue statement of a material fact or omit to state any material fact necessary in order to make
the statements therein, in the light of the circumstances under which they were made, not misleading.

 

(d)          
Underwriting. The Company shall advise all Holders who have provided an Inclusion Notice to include any Registrable
Shares in the IPO Registration Statement of the Lead Bookrunner(s) for the Underwritten Offering proposed under the IPO Registration
Statement. The right of any such Holder to include Registrable Shares in the IPO Registration Statement pursuant to Section
2(b) hereof shall be conditioned upon such Holder’s participation in such Underwritten Offering and the inclusion of
such Holder’s Registrable Shares in such Underwritten Offering to the extent provided herein. All Holders proposing to distribute
their Registrable Shares through such Underwritten Offering shall enter into an underwriting agreement in customary form with the
managing underwriter(s) selected for such Underwritten Offering and complete, execute and deliver, or cause to be delivered, any
questionnaires, powers of attorney, indemnities, custody agreements, securities escrow agreements and other documents, including
opinions of counsel, reasonably required under the terms of such Underwritten Offering, and furnish to the Company such information
in writing as the Company may reasonably request for inclusion in the Resale Registration Statement; provided, however,
that no Holder shall be required to make any representations or warranties to or agreements with the Company or the underwriters
other than representations, warranties or agreements regarding such Holder and such Holder’s intended method of distribution
and any other representation required by law or reasonably requested by the underwriters.

 

Notwithstanding Section
7(d) hereof, by electing to include Registrable Shares in the IPO Registration Statement, the Holder of such Registrable Shares
shall be deemed to have agreed not to effect any public sale or distribution of securities of the Company of the same or similar
class or classes of the securities included in the IPO Registration Statement or any securities convertible into or exchangeable
or exercisable for such securities, including a sale pursuant to Rule 144 or Rule 144A under the Securities Act, during such periods
as reasonably requested (but in no event for a period longer than the period specified in Section 7 hereof) by the representatives
of the underwriters, in an Underwritten Offering, or by the Company in any other registration.

  

If any Holder disapproves
of the terms of any such underwriting, such Holder may elect to withdraw therefrom by written notice to the Company and the managing
underwriter(s), delivered by not later than the effective time of the IPO Registration Statement.

 

Notwithstanding any other
provision of this Agreement, if the managing underwriter(s) determine(s) in good faith that marketing factors require a limitation
on the number of shares to be included, then the managing underwriter(s) may exclude shares (including Registrable Shares) from
the IPO Registration Statement and Underwritten Offering, and any shares included in such IPO Registration Statement and Underwritten
Offering shall be allocated first (subject to the last proviso of this paragraph), to the Company for shares to be sold
in a primary offering for its own account, and second, to each of the Holders requesting inclusion of their Registrable
Shares in such IPO Registration Statement (on a pro rata basis based on the total number of Registrable Shares then held
by each such Holder who is requesting inclusion); provided, however, that the number of Registrable Shares to be included
in the IPO Registration Statement shall not be reduced unless all other securities of the Company held by (i) officers, directors,
other employees of the Company and consultants and (ii) other holders of the Company’s capital stock with registration rights
that are inferior (with respect to such reduction) to the registration rights of each of the Holders set forth herein, are first
entirely excluded from the underwriting and registration; provided, further, however, that, notwithstanding the foregoing,
selling shareholders shall be permitted to include shares comprising at least twenty-five percent (25%) of the total securities
included in the Underwritten Offering proposed under the IPO Registration Statement.

 

(e)          
Expenses. The Company shall pay all Registration Expenses in connection with the registration of the Registrable
Shares pursuant to this Agreement; provided, however, that each Holder participating in a registration pursuant to this
Section 2 shall bear such Holder’s proportionate share (based on the total number of Registrable Shares sold in such
registration) of all discounts and commissions payable to underwriters or brokers and all transfer taxes and transfer fees, if
any, in connection with a registration of Registrable Shares pursuant to this Agreement.

 

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(f)          
JOBS ACT Submissions. For purposes of this Agreement, if the Company elects to confidentially submit a draft of the
Shelf Registration Statement with the Commission pursuant to the JOBS Act, the date on which the Company makes such confidential
submission shall be deemed the initial filing date of such Shelf Registration Statement.

  

	3.	RULES 144 AND 144A REPORTING

 

With a view to making
available the benefits of certain rules and regulations of the Commission that may at any time permit the resale of the Registrable
Shares to the public without registration, until such date as no Holder owns any Registrable Shares, the Company agrees to:

 

(a)          make and keep “current public information” available, as those terms are understood and defined in Rule 144, at all
times after the effective date of the first Form 10 filed by the Company;

 

(b)         
file with the Commission in a timely manner all reports and other documents required to be filed by the Company under the Securities
Act and the Exchange Act (at any time after it has become subject to such reporting requirements);

 

(c)          if the Company is not required to file reports and other documents under the Securities Act or the Exchange Act, make available
other information as required by, and so long as necessary to permit sales of Registrable Shares pursuant to, Rule 144 or Rule
144A, and in any event make available (either by e-mailing a copy thereof, by posting on the Company’s website or by press
release) to each Holder (and each prospective holder of Registrable Shares, upon request) a copy of:

 

(i)           
the Company’s annual consolidated financial statements (including at least balance sheets, statements of profit and loss,
statements of stockholders’ equity and statements of cash flows) prepared in accordance with U.S. generally accepted accounting
principles in the United States, accompanied by an audit report of the Company’s independent accountants, no later than ninety
(90) days after the end of each fiscal year of the Company; and

 

(ii)          
the Company’s unaudited quarterly consolidated financial statements (including at least balance sheets, statements of profit
and loss, statements of stockholders’ equity and statements of cash flows) prepared in a manner consistent with the preparation
of the Company’s annual financial statements, no later than forty-five (45) days after the end of each of the first three
fiscal quarters of the Company;

 

(d)          
hold, a reasonable time after the availability of such financial statements and upon reasonable notice to the Holders and KBW (either
by mail, by posting on the Company’s website or by press release), a quarterly investor conference call to discuss such financial
statements, which call will also include an opportunity for the Holders to ask questions of management with regard to such financial
statements, and will also cooperate with, and make management reasonably available to, KBW personnel in connection with making
Company information available to investors; and

 

(e)          
furnish to the Holder promptly upon request (i) a written statement by the Company as to its compliance with the reporting requirements
of Rule 144 (at any time after ninety (90) days after the effective date of the first Form 10 filed by the Company), and of the
Securities Act and the Exchange Act (at any time after it has become subject to the reporting requirements of the Exchange Act),
and (ii) a copy of the most recent annual and quarterly reports of the Company.

 

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	4.	REGISTRATION PROCEDURES

 

In connection with
the obligations of the Company with respect to any registration pursuant to this Agreement, the Company shall use its commercially
reasonable efforts to effect or cause to be effected the registration of the Registrable Shares under the Securities Act to permit
the sale of such Registrable Shares by the Holder or Holders in accordance with this Agreement and the Holder’s or Holders’
intended method or methods of distribution, and the Company shall:

 

(a)          
(i) at least ten (10) Business Days prior to filing, provide notice of its intention to file a Resale Registration Statement to
the relevant underwriters (each, a “Review Party”), (ii) at least five (5) Business Days prior to filing, provide
a copy of the Resale Registration Statement to the Review Parties and Review Counsel for review and comment; (iii) as promptly
as practicable, prepare and file with the Commission, as specified in this Agreement, a Resale Registration Statement(s), which
Resale Registration Statement(s) shall (A) comply as to form in all material respects with the requirements of the Securities Act
and the applicable form and include all financial statements required by the Commission to be filed therewith and (B) be reasonably
acceptable to the Review Parties, their counsel and Review Counsel; (iv) at least three (3) Business Days prior to filing, provide
a copy of any amendment or supplement to the Review Parties, their counsel and Review Counsel for review and comment; (v) promptly
following receipt from the Commission, provide to the Review Parties, their counsel and Review Counsel copies of any comments made
by the Staff of the Commission relating to such Resale Registration Statement and of the Company’s responses thereto for
review and comment; and (vi) use its commercially reasonable efforts to cause such Resale Registration Statement to become effective
as soon as practicable after filing and to remain effective, subject to Section 5 hereof, until the earlier of (A) such
time as all Registrable Shares covered thereby have been sold in accordance with the method or methods of distribution of such
Registrable Shares contemplated by the Resale Registration Statement; (B) there are no Registrable Shares outstanding; provided,
however, that the Company shall not be required to cause the IPO Registration Statement to remain effective for any period
longer than 180 days following the effective date of the IPO Registration Statement (subject to extension as provided in Section
5(c) hereof); or (C) the first anniversary of the effective date of such Resale Registration Statement (subject to extension
as provided in Section 5(c) hereof and the condition that the Registrable Shares have been transferred to an unrestricted
CUSIP and are listed or included on a National Securities Exchange pursuant to Section 4(o) of this Agreement), and the
counsel to the Company shall have delivered a legal opinion to the Review Parties in form and substance reasonably acceptable to
the Review Parties, their counsel and Review Counsel that the Registrable Shares can be sold under Rule 144 without limitation
as to manner of sale, volume or current public information; provided, further, that if the Company has an effective Shelf
Registration Statement on Form N-2 (or other form then available to the Company) under the Securities Act and becomes eligible
to use Form N-2 to make offerings as described in General Instruction I.B of Form S-3 or such other short-form registration statement
form under the Securities Act, the Company may, upon thirty (30) Business Days prior written notice to all Holders, register any
Registrable Shares registered but not yet distributed under the effective Shelf Registration Statement on such a short-form Shelf
Registration Statement and, once the short-form Shelf Registration Statement is declared effective, de-register such shares under
the previous Resale Registration Statement or transfer the filing fees from the previous Resale Registration Statement (such transfer
pursuant to Rule 429, if applicable) unless any Holder registered under the initial Shelf Registration Statement notifies the Company
within fifteen (15) Business Days of receipt of the Company notice that such a registration under a new Resale Registration Statement
and de-registration of the initial Shelf Registration Statement would interfere with its distribution of Registrable Shares already
in progress, in which case, the Company shall delay the effectiveness of the short-form Resale Registration Statement and termination
of the then-effective initial Resale Registration Statement or any short-form Resale Registration Statement for a period of not
less than thirty (30) days from the date that the Company receives the notice from such Holders requesting a delay;

 

(b)          
subject to Section 4(h) hereof, as promptly as practicable (i) prepare and file with the Commission such amendments and
post-effective amendments to each such Resale Registration Statement as may be necessary to keep such Resale Registration Statement
effective in accordance with SEC Guidance for the period described in Section 4(a) hereof; (ii) cause each Prospectus contained
therein to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant SEC Guidance; and
(iii) comply with SEC Guidance with respect to the disposition of all securities covered by each Resale Registration Statement
during the applicable period in accordance with the intended method or methods of distribution by the selling Holders thereof;

 

(c)          
furnish to the Holders, without charge, as many copies of each Prospectus, including each preliminary Prospectus, and any amendment
or supplement thereto and such other documents as such Holder may reasonably request (including, without limitation, copies of
all correspondence with the Commission and any other governmental authority in connection with the Resale Registration Statement),
in order to facilitate the public sale or other disposition of the Registrable Shares, and hereby does consent to the use of such
Prospectus, including each preliminary Prospectus, by the Holders, if any, in connection with the offering and sale of the Registrable
Shares covered by any such Prospectus, subject to Section 5 hereof;

 

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(d)          use its commercially reasonable efforts to register or qualify, or obtain exemption from registration or qualification for, all
Registrable Shares by the time the applicable Resale Registration Statement is declared effective by the Commission under all applicable
state securities or “blue sky” laws of such jurisdictions as the Review Parties or any Holder of Registrable Shares
covered by a Resale Registration Statement shall reasonably request in writing, keep each such registration or qualification or
exemption effective during the period such Resale Registration Statement is required to be kept effective pursuant to Section
4(a) and do any and all other acts and things that may be reasonably necessary or advisable to enable such Holder to consummate
the disposition in each such jurisdiction of such Registrable Shares owned by such Holder; provided, however, that the Company
shall not be required to (i) qualify generally to do business in any jurisdiction or to register as a broker or dealer in such
jurisdiction where it would not otherwise be required to qualify but for this Section 4(d) and except as may be required
by SEC Guidance, (ii) subject itself to taxation in any such jurisdiction or (iii) submit to the general service of process in
any such jurisdiction;

  

(e)          
(i) notify the Review Parties and each Holder promptly and, if requested by any Review Party or any Holder, confirm such advice
in writing (A) when a Resale Registration Statement has become effective and when any post-effective amendments and supplements
thereto become effective, (B) of the issuance by the Commission or any state securities authority of any stop order suspending
the effectiveness of a Resale Registration Statement or the initiation of any Proceeding for that purpose, (C) of any request by
the Commission or any other federal, state or foreign governmental authority for (1) amendments or supplements to a Resale Registration
Statement or related Prospectus or (2) additional information, and (D) of the happening of any event during the period a Resale
Registration Statement is effective as a result of which such Resale Registration Statement or the related Prospectus or any document
incorporated by reference therein contains any untrue statement of a material fact or omits to state any material fact required
to be stated therein or necessary to make the statements therein not misleading (which information shall be accompanied by an instruction
to suspend the use of the Prospectus until the requisite changes have been made); and (ii) at the request of any such Holder, promptly
to furnish to such Holder a reasonable number of copies of a supplement to or an amendment of such Prospectus as may be necessary
so that, as thereafter delivered to the purchaser of such securities, such Prospectus shall not include an untrue statement of
a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in
the light of the circumstances under which they were made, not misleading;

 

(f)           use its commercially reasonable efforts to avoid the issuance of, or if issued, to obtain the withdrawal of, any order enjoining
or suspending the use or effectiveness of a Resale Registration Statement or suspending the qualification of (or exemption from
qualification of) any of the Registrable Shares for sale in any jurisdiction, as promptly as practicable;

 

(g)          upon request, promptly furnish to each requesting Holder of Registrable Shares covered by a Resale Registration Statement, without
charge, one conformed copy of such Resale Registration Statement and any post-effective amendment or supplement thereto (without
documents incorporated therein by reference or exhibits thereto, unless requested); provided, such conformed copy may be delivered
electronically in pdf form;

 

(h)          except as provided in Section 5 hereof, upon the occurrence of any event contemplated by Section 4(e)(i)(D) hereof,
use its commercially reasonable efforts promptly to prepare a supplement or post-effective amendment to a Resale Registration Statement
or the related Prospectus or any document incorporated therein by reference or file any other required document so that, as thereafter
delivered to the purchasers of the Registrable Shares, such Prospectus will not contain any untrue statement of a material fact
or omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading;

 

(i)           if requested by the Review Parties, or any Holders of Registrable Shares being sold in connection with such offering, (i) promptly
incorporate in a Prospectus supplement or post-effective amendment such information as the representative of the underwriters,
if any, or such Holders indicate relates to them or that they reasonably request be included therein and (ii) make all required
filings of such Prospectus supplement or such post-effective amendment as soon as reasonably practicable after the Company has
received notification of the matters to be incorporated in such Prospectus supplement or post-effective amendment;

 

     9

     

    

 

(j)           in the case of an Underwritten Offering, use its commercially reasonable efforts to furnish to each Holder of Registrable Shares
covered by such Resale Registration Statement and the underwriters a signed counterpart, addressed to each such Holder and the
underwriters, of (i) customary opinion and negative assurance letters of outside counsel for the Company, addressed to the
underwriters, dated the date of each closing under the underwriting agreement, reasonably satisfactory to such Holder and the underwriters,
and (ii) a “comfort” letter, addressed to the underwriters and the Board of Directors, dated the effective date of
such Resale Registration Statement and the date of each closing under the underwriting agreement, signed by the independent public
accountants who have certified the Company’s financial statements included in such Resale Registration Statement, covering
substantially the same matters with respect to such Resale Registration Statement (and the Prospectus included therein) and with
respect to events subsequent to the date of such financial statements, as are customarily covered in accountants’ letters
delivered to underwriters in underwritten public offerings of securities and such other financial matters as such Holder and the
underwriters may reasonably request;

 

(k)          enter into customary agreements (including in the case of an Underwritten Offering, an underwriting agreement in customary form
and reasonably satisfactory to the Company) and take all other reasonable action in connection therewith in order to expedite or
facilitate the distribution of the Registrable Shares included in such Resale Registration Statement and, in the case of an Underwritten
Offering, make representations and warranties to the Holders covered by such Resale Registration Statement and to the underwriters
in such form and scope as are customarily made by issuers to underwriters in underwritten offerings and confirm the same to the
extent customary if and when requested;

 

(l)           make available for inspection by representatives of the Holders and the representative of any underwriters participating in any
disposition pursuant to a Resale Registration Statement and any special counsel or accountants retained by such Holders or underwriters,
all financial and other records, pertinent corporate documents and properties of the Company and cause the respective officers,
directors and employees of the Company to supply all information reasonably requested by any such representatives, the representative
of the underwriters, counsel thereto or accountants in connection with a Resale Registration Statement; provided, however,
that such records, documents or information that the Company determines, in good faith, to be confidential and notifies such representatives,
representative of the underwriters, counsel thereto or accountants are confidential shall not be disclosed by such representatives,
representative of the underwriters, counsel thereto or accountants unless (i) the disclosure of such records, documents or information
is necessary to avoid or correct a misstatement or omission in a Resale Registration Statement or Prospectus, (ii) the release
of such records, documents or information is ordered pursuant to a subpoena or other order from a court of competent jurisdiction,
or (iii) such records, documents or information have been generally made available to the public; provided, further, that
the representatives of the Holders and any underwriters will use commercially reasonable efforts, to the extent practicable, to
coordinate the foregoing inspection and information gathering and not materially disrupt the Company’s business operations;

  

(m)         use its commercially reasonable efforts (including, without limitation, seeking to cure any deficiencies cited by the exchange
or market in the Company’s listing or inclusion application) to list or include all Registrable Shares on The New York Stock
Exchange, Nasdaq Global Select Market or the Nasdaq Global Market, and to maintain such listing;

 

(n)          prepare and file in a timely manner all documents and reports required by the Exchange Act and, to the extent the Company’s
obligation to file such reports pursuant to Section 15(d) of the Exchange Act expires prior to the expiration of the effectiveness
period of the Registration Statement as required by Section 4(a) hereof, the Company shall register the Registrable Shares
under the Exchange Act and shall maintain such registration through the effectiveness period required by Section 4(a) hereof;

 

(o)          provide one or more CUSIP numbers for all Registrable Shares, not later than the effective date of the Resale Registration Statement;

 

     10

     

    

 

(p)           (i)
otherwise use its commercially reasonable efforts to comply with all applicable SEC Guidance, (ii) make generally available to
its stockholders, as soon as reasonably practicable, earnings statements covering at least twelve (12) months (or the period beginning
on the date of the Company’s inception, if shorter) beginning after the effective date of the Resale Registration Statement
that satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 (or any similar rule promulgated under the Securities
Act) thereunder, but in no event later than forty-five (45) days after the end of each fiscal year of the Company, and (iii) not
file any Resale Registration Statement or Prospectus or amendment or supplement to such Resale Registration Statement or Prospectus
to which any Holder of Registrable Shares covered by any Resale Registration Statement shall have reasonably objected on the grounds
that such Resale Registration Statement or Prospectus or amendment or supplement does not comply in all material respects with
the requirements of the Securities Act, each Holder having been furnished with a copy thereof at least two (2) Business Days prior
to the filing thereof;

 

(q)          provide and cause to be maintained a registrar and transfer agent for all Registrable Shares from and after a date not later than
the effective date of the Form 10;

 

(r)           in connection with any sale or transfer of the Registrable Shares (whether or not pursuant to a Resale Registration Statement)
that will result in the securities being delivered no longer being Registrable Shares, cooperate with the Holders and the representative
of the underwriters, if any, to facilitate the timely, in the case of beneficial interests in Shares held through a depositary,
transfer of such equivalent Registrable Shares with an unrestricted CUSIP, or in the case of certificated shares, preparation and
delivery of certificates representing the Registrable Shares to be sold, which certificates shall not bear any restrictive transfer
legends (other than as required by the Company’s organizational documents) and to enable such Registrable Shares to be in
such denominations and registered in such names as the representative of the underwriters, if any, or the Holders may request at
least three (3) Business Days prior to any sale of the Registrable Shares;

  

(s)           in connection with the initial filing of a Resale Registration Statement and each amendment thereto with the Commission pursuant
to Section 2(a) hereof, prepare and, within one (1) Business Day of such filing with the Commission, file with FINRA
all forms and information required or requested by FINRA that are customarily filed by issuers or required to be filed by issuers,
and to cooperate with the Review Parties in connection with other required FINRA filings, in order to obtain written confirmation
from FINRA that FINRA does not object to the fairness and reasonableness of the underwriting terms and arrangements (or any deemed
underwriting terms and arrangements) relating to the resale of Registrable Shares pursuant to the Resale Registration Statement,
including, without limitation, information provided to FINRA through its Public Offering System, and pay all costs, fees and expenses
incident to FINRA’s review of the Resale Registration Statement and the related underwriting terms and arrangements, including,
without limitation, all filing fees associated with any filings or submissions to FINRA and the legal expenses, filing fees and
other disbursements of the Review Parties and any other FINRA member that is the Holder of, or is affiliated or associated with
an owner of, Registrable Shares included in the Resale Registration Statement (including in connection with any initial or subsequent
member filing);

 

(t)           in connection with the initial filing of a Resale Registration Statement and each amendment thereto with the Commission pursuant
to Section 2(a) hereof, provide to the Review Parties and their representatives the opportunity to conduct due diligence,
including, without limitation, an inquiry of the Company’s financial and other records, and make available members of its
management for questions regarding information which the Review Parties may request in order to fulfill any due diligence obligation
on its part;

 

(u)          upon effectiveness of the first Resale Registration Statement filed under this Agreement, take such actions and make such filings
as are necessary to effect the registration of the Registrable Shares under the Exchange Act simultaneously with or immediately
following the effectiveness of the Resale Registration Statement;

 

(v)          in the case of an Underwritten Offering, use its commercially reasonable efforts to cooperate and assist in any filings required
to be made with FINRA and in the performance of any due diligence investigation by any underwriter and its counsel (including any
 “qualified independent underwriter,” if applicable) that is required to be retained in accordance with the rules and
regulations of FINRA;

 

(w)          use commercially reasonable efforts (i) to cause management of the Company to be made available for participation in reasonable
and customary marketing efforts in connection with an Underwritten Offering, as requested by the lead managing underwriter, (ii)
to permit the underwriters in an Underwritten Offering to perform a customary “due diligence” investigations in connection
with the Underwritten Offering, including meetings with management of the Company that are reasonable and customary, and (iii)
to cause the Company’s independent accountants to participate in customary due diligence sessions with the underwriters in
an Underwritten Offering; and

 

    	 	11	 

     

    

 

(x)          
take all other steps reasonably necessary to effect the registration of the Registrable Shares and reasonably cooperate with the
Holders to facilitate the disposition of such Registrable Shares.

 

The Company may require
the Holders to furnish (and each Holder shall furnish) to the Company such information regarding the proposed distribution by such
Holder of such Registrable Shares as the Company may from time to time reasonably request in writing to comply with SEC Guidance
or as shall be required to effect the registration of the Registrable Shares in accordance with SEC Guidance, and no Holder shall
be entitled to be named as a selling stockholder in any Resale Registration Statement and no Holder shall be entitled to use the
Prospectus forming a part thereof if such Holder does not provide such information to the Company. Any Holder that sells Registrable
Shares pursuant to a Registration Statement or as a selling security holder pursuant to an Underwritten Offering shall be required
to be named as a selling stockholder in the related Prospectus and to deliver a Prospectus to purchasers. Each Holder further agrees
to furnish promptly to the Company in writing all information required from time to time to make the information previously furnished
by such Holder not misleading.

 

Each Holder agrees
that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 4(e)(i)(B),
Section 4(e)(i)(C) or Section 4(e)(i)(D) hereof, such Holder will immediately discontinue disposition of Registrable
Shares pursuant to a Resale Registration Statement until such Holder’s receipt of the copies of the supplemented or amended
Prospectus. If so directed by the Company, such Holder will deliver to the Company (at the expense of the Company) all copies in
its possession, other than permanent file copies then in such Holder’s possession, of the Prospectus covering such Registrable
Shares current at the time of receipt of such notice.

 

	5.	BLACK-OUT PERIOD

 

(a)          
Subject to the provisions of this Section 5 and a good faith determination by the Company that it is in the best interests
of the Company to suspend the use of the Resale Registration Statement, following the effectiveness of a Resale Registration Statement
(and the filings with any international, federal or state securities commissions), the Company, by written notice to the Review
Parties with respect to such Resale Registration Statement and the Holders, may direct the Holders to suspend sales of the Registrable
Shares pursuant to a Resale Registration Statement for such times as the Company reasonably may determine is necessary and advisable
(but in no event (x) on more than two occasions during any rolling 12-month period, (y) for more than an aggregate of ninety (90)
days in any rolling twelve (12) month period or (z) for more than sixty (60) days in any rolling ninety (90) day period), if (i)
the representative of the underwriters of an Underwritten Offering of primary shares by the Company has advised the Company that
the sale of Registrable Shares pursuant to the Resale Registration Statement would have a material adverse effect on the Company’s
primary Underwritten Offering, (ii) the Company shall have determined in good faith that (A) the offer or sale of any Registrable
Shares would materially impede, delay or interfere with any proposed financing, offer or sale of securities, acquisition, merger,
tender offer, business combination or other significant transaction involving the Company, (B) upon the advice of counsel, the
sale of Registrable Shares pursuant to the Resale Registration Statement would require disclosure of non-public material information
not otherwise required to be disclosed under applicable law or SEC Guidance, and (C) (1) the Company has a bona fide business purpose
for preserving the confidentiality of such transaction, (2) disclosure would have a material adverse effect on the Company or the
Company’s ability to consummate such transaction or (3) renders the Company unable to comply with Commission requirements,
in each case under circumstances that would make it impractical or inadvisable to cause the Resale Registration Statement (or such
filings) to become effective or to promptly amend or supplement the Resale Registration Statement on a post-effective basis, as
applicable, or (iii) the Company shall have determined in good faith, upon the advice of counsel, that it is required by law, rule
or regulation or that it is in the best interests of the Company to supplement the Resale Registration Statement or file a post-effective
amendment to the Resale Registration Statement in order to incorporate information into the Resale Registration Statement for the
purpose of (A) including in the Resale Registration Statement any prospectus required under Section 10(a)(3) of the Securities
Act, (B) reflecting in the Prospectus included in the Resale Registration Statement any facts or events arising after the effective
date of the Resale Registration Statement (or of the most recent post-effective amendment) that, individually or in the aggregate,
represent a fundamental change in the information set forth therein or (C) including in the Prospectus included in the Resale Registration
Statement any material information with respect to the plan of distribution not disclosed in the Resale Registration Statement
or any material change to such information. Upon the occurrence of any such suspension, the Company shall use commercially reasonable
efforts to cause the Resale Registration Statement to become effective or to promptly amend or supplement the Resale Registration
Statement on a post-effective basis or to take such other action or actions as necessary to make resumed use of the Resale Registration
Statement compatible with the Company’s best interests, as applicable, so as to permit the Holders to resume sales of the
Registrable Shares as soon as possible.

 

    	 	12	 

     

    

 

(b)          In the case of an event that causes the Company to suspend the use of a Resale Registration Statement (a “Suspension Event”),
the Company shall give written notice (a “Suspension Notice”) to the Holders and the Review Parties with respect
to such Resale Registration Statement to suspend sales of the Registrable Shares and such notice shall state generally the basis
for the notice and that such suspension shall continue only for so long as the Suspension Event or its effect is continuing and
the Company is using commercially reasonable efforts and taking all reasonable steps to terminate suspension of the use of the
Resale Registration Statement as promptly as possible. The Holders shall not effect any sales of the Registrable Shares pursuant
to such Resale Registration Statement (or such filings) at any time after they have received a Suspension Notice from the Company
and prior to receipt of an End of Suspension Notice (as defined below). If so directed by the Company, each Holder shall deliver
to the Company (at the expense of the Company) all copies of the Prospectus covering the Registrable Shares at the time of receipt
of the Suspension Notice. The Holders may recommence effecting sales of the Registrable Shares pursuant to the Resale Registration
Statement (or such filings) following further notice to such effect (an “End of Suspension Notice”) from the
Company, which End of Suspension Notice shall be given by the Company to the Holders and the Review Parties with respect to such
Resale Registration Statement in the manner described above promptly following the conclusion of any Suspension Event and its effect.

 

(c)          Notwithstanding any provision herein to the contrary, if the Company shall give a Suspension Notice pursuant to this Section
5, the Company agrees that it shall extend the period of time during which the applicable Resale Registration Statement shall
be maintained effective pursuant to this Agreement by the number of days during the period from the date of receipt by the Holders
of the Suspension Notice to and including the date of receipt by the Holders of the End of Suspension Notice and shall provide
copies of the supplemented or amended Prospectus necessary to resume sales.

 

	6.	INDEMNIFICATION AND CONTRIBUTION

 

(a)          The Company agrees to indemnify and hold harmless (i) each Holder of Registrable Shares and any underwriter (as determined in the
Securities Act) for such Holder (including, if applicable, KBW), (ii) each Person, if any, who controls (within the meaning of
Section 15 of the Securities Act or Section 20(a) of the Exchange Act) any such Person described in clause (i) (any of the
Persons referred to in this clause (ii) being hereinafter referred to as a “Controlling Person”) and
(iii) the respective officers, directors, partners, members, employees, representatives and agents of any such Person or any Controlling
Person (any Person referred to in clause (i), (ii) or (iii) above may hereinafter be referred to as a “Purchaser
Indemnitee”), to the fullest extent lawful, from and against any and all losses, claims, damages, judgments, actions,
out-of-pocket expenses and other liabilities (the “Liabilities”), including without limitation and as incurred,
reimbursement of all reasonable costs of investigating, preparing, pursuing or defending any suit, action, litigation, Proceeding
(including any governmental or regulatory investigation), claim or demand by any governmental agency or body, commenced or threatened
(each, an “Action”), including the reasonable fees and expenses of counsel to any Purchaser Indemnitee, joint
or several, directly or indirectly related to, based upon, arising out of or in connection with, (A) with respect to any Resale
Registration Statement (or any amendment thereto), any untrue statement or alleged untrue statement of a material fact contained
therein or any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make
the statement therein not misleading or (B) with respect to any Prospectus (or any amendment or supplement thereto), Issuer Free
Writing Prospectus (or any amendment or supplement thereto), any preliminary Prospectus or any other document used to sell the
Registrable Shares, any untrue statement or alleged untrue statement of a material fact contained therein or any omission or alleged
omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light
of the circumstances under which they were made, not misleading, except insofar as such Liabilities arise out of or are based upon
any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with information
relating to any Purchaser Indemnitee furnished to the Company in writing by such Purchaser Indemnitee expressly for use therein.
The Company shall notify each Purchaser Indemnitee promptly of the institution, threat or assertion of any Action of which it shall
have become aware in connection with the matters addressed by this Agreement that involves the Company or a Purchaser Indemnitee.
The indemnity provided for herein shall remain in full force and effect regardless of any investigation made by or on behalf of
any Purchaser Indemnitee.

 

    	 	13	 

     

    

 

(b)          
In connection with any Resale Registration Statement in which a Holder of Registrable Shares is participating, and as a condition
to such participation, such Holder agrees, severally and not jointly, to indemnify and hold harmless the Company and each Person
who controls the Company within the meaning of Section 15 of the Securities Act or Section 20(a) of the Exchange Act and the respective
officers, directors, partners, members, employees, representatives and agents of such Person or Controlling Person to the same
extent as the foregoing indemnity from the Company to each Purchaser Indemnitee, but only with reference to Actions in respect
of untrue statements or omissions or alleged untrue statements or omissions made in reliance upon and in strict conformity with
information relating to such Holder furnished to the Company in writing by such Holder expressly for use in such Resale Registration
Statement (or any amendment thereto), Prospectus (or any amendment or supplement thereto), Issuer Free Writing Prospectus (or any
amendment or supplement thereto) or any preliminary Prospectus. The aggregate liability of any Holder pursuant to this paragraph
and the contribution sections of this Section 6 shall in no event exceed the net proceeds received by such Holder from sales
of Registrable Shares pursuant to such Resale Registration Statement (or any amendment thereto), Prospectus (or any amendment or
supplement thereto), Issuer Free Writing Prospectus (or any amendment or supplement thereto) or any preliminary Prospectus.

  

(c)          
If any Action shall be brought or asserted against any Person in respect of which indemnity may be sought pursuant to paragraph
(a) or (b) above, such Person (the “Indemnified Party”) shall promptly notify the Person against
whom such indemnity may be sought (the “Indemnifying Party”) in writing of the commencement thereof (but the
failure to so notify an Indemnifying Party shall not relieve it from any liability which it may have under this Section 6,
except to the extent the Indemnifying Party is materially prejudiced by the failure to give notice through the forfeiture of substantive
rights or defenses), and the Indemnifying Party, upon request of the Indemnified Party, shall retain counsel reasonably satisfactory
to the Indemnified Party to represent the Indemnified Party and any others the Indemnifying Party may reasonably designate in such
Action and shall pay the reasonable fees and expenses actually incurred by such counsel related to such Action. Notwithstanding
the foregoing, in any such Action, any Indemnified Party shall have the right to retain its own counsel (including local counsel),
but the fees and expenses of such counsel shall be at the expense of such Indemnified Party, unless (i) the Indemnifying Party
and the Indemnified Party shall have mutually agreed in writing to the contrary, (ii) the Indemnifying Party has failed within
a reasonable time after notice of commencement of the action to assume the defense and employ counsel reasonably satisfactory to
the Indemnified Party, (iii) the Indemnifying Party and its counsel do not, in the sole judgment of the Indemnified Party, actively
and vigorously pursue the defense of such action or (iv) the named parties to any such action (including any impleaded parties)
include both such Indemnified Party and Indemnifying Party, or any Affiliate of the Indemnifying Party, and such Indemnified Party
shall have been reasonably advised by counsel that, either (A) there may be one or more legal defenses available to it which are
different from or additional to those available to the Indemnifying Party or such Affiliate of the Indemnifying Party or (B) a
conflict may exist between such Indemnified Party and the Indemnifying Party or such Affiliate of the Indemnifying Party (in which
case the Indemnifying Party shall not have the right to assume nor direct the defense of such action on behalf of such Indemnified
Party). The Indemnifying Party shall not, in connection with any one such action or separate but substantially similar or related
actions in the same jurisdiction arising out of the same general allegations or circumstances, be liable for the fees and expenses
of more than one separate firm of attorneys (in addition to any local counsel) for all such Indemnified Parties. Such separate
firm and local counsel shall be designated in writing by those Indemnified Parties who sold a majority of the Registrable Shares
sold by all such Indemnified Parties in the transaction subject to such Action. The Indemnifying Party shall not be liable for
any settlement of any Action effected without its written consent, which consent shall not be unreasonably withheld, but if settled
with such consent or if there is a final judgment for the plaintiff, the Indemnifying Party agrees to indemnify any Indemnified
Party from and against any loss or liability by reason of such settlement or judgment. No Indemnifying Party shall, without the
prior written consent of the Indemnified Party, effect any settlement of any pending or threatened Action in respect of which any
Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless
such settlement (i) includes an unconditional release of each Indemnified Party from all liability on claims that are the subject
matter of such Action and (ii) does not include a statement as to or an admission of, fault, culpability or a failure to act by
or on behalf of the Indemnified Party.

 

    	 	14	 

     

    

 

(d)          
If the indemnification provided for in paragraphs (a) and (b) of this Section 6 is for any reason held to
be unavailable to an Indemnified Party in respect of any Liabilities referred to therein (other than by reason of the exceptions
provided therein) or is insufficient to hold harmless a party indemnified thereunder, then each Indemnifying Party under such paragraphs,
in lieu of indemnifying such Indemnified Party thereunder, shall contribute to the amount paid or payable by such Indemnified Party
as a result of such Liabilities (i) in such proportion as is appropriate to reflect the relative benefits of the Indemnified Party,
on the one hand, and the Indemnifying Party(ies), on the other hand, in connection with the statements or omissions that resulted
in such Liabilities or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion
as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault
of the Indemnifying Party(ies) and the Indemnified Party, as well as any other relevant equitable considerations. The relative
fault of the Company on the one hand and any Purchaser Indemnitees, on the other hand, shall be determined by reference to, among
other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a
material fact relates to information supplied by the Company or by such Purchaser Indemnitees and the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent such statement or omission.

 

(e)          The parties agree that it would not be just and equitable if contribution pursuant to this Section 6 were determined by
pro rata allocation (even if such Indemnified Parties were treated as one entity for such purpose), or by any other method
of allocation that does not take account of the equitable considerations referred to in Section 6(d) above. The amount paid
or payable by an Indemnified Party as a result of any Liabilities referred to in Section 6(d) above shall be deemed to include,
subject to the limitations set forth above, any reasonable legal or other expenses actually incurred by such Indemnified Party
in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 6,
in no event shall a Purchaser Indemnitee be required to contribute any amount in excess of the amount by which the net proceeds
received by such Purchaser Indemnitee from sales of Registrable Shares exceeds the amount of any damages that such Purchaser Indemnitee
has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. For purposes
of this Section 6, each Person, if any, who controls (within the meaning of Section 15 of the Securities Act or Section
20(a) of the Exchange Act) a Purchaser Indemnitee shall have the same rights to contribution as such Purchaser Indemnitee, and
each Person, if any, who controls (within the meaning of Section 15 of the Securities Act or Section 20(a) of the Exchange Act)
the Company, and each officer, director, partner, employee, representative, agent or manager of the Company shall have the same
rights to contribution as the Company. Any party entitled to contribution will, promptly after receipt of notice of commencement
of any Action against such party in respect of which a claim for contribution may be made against another party or parties, notify
each party or parties from whom contribution may be sought, but the omission to so notify such party or parties shall not relieve
the party or parties from whom contribution may be sought from any obligation it or they may have under this Section 6 or
otherwise, except to the extent that any party is materially prejudiced by the failure to give notice through the forfeiture of
substantive rights or defenses. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities
Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation.

  

(f)           The indemnity and contribution agreements contained in this Section 6 will be in addition to any liability which the Indemnifying
Parties may otherwise have to the Indemnified Parties referred to above. The Purchaser Indemnitee’s obligations to contribute
pursuant to this Section 6 are several in proportion to the respective number of Registrable Shares sold by each of the
Purchaser Indemnitees hereunder and not joint.

 

	7.	MARKET STAND-OFF AGREEMENTS

 

(a)          
Each Holder owning Registrable Securities agrees that, in connection with an Underwritten Offering, except for sales in such Underwritten
Offering, it will not effect any public sale or distribution (including sales pursuant to Rule 144 and pursuant to derivative transactions)
of Common Stock in connection with an Underwritten Offering, during (A) the period commencing on the effective date of, and ending
on the 60th day (180th day, in the case of an IPO) following, the effectiveness of the Resale Registration Statement covering such
Registrable Securities in connection with such Underwritten Offering or (B) such shorter period as the underwriters with respect
to such Underwritten Offering may require; provided that the duration of the restrictions described in this clause (i) shall be
no longer than the duration of the shortest restriction generally imposed by the underwriters on the chief executive officer and
the chief financial officer of the Company (or Persons in substantially equivalent positions) in connection with such Underwritten
Offering.

 

    	 	15	 

     

    

 

(b)          In connection with an Underwritten Offering, except for sales in such Underwritten Offering, the Company agrees that it shall (and
shall use commercially reasonable efforts to cause its executive officers and directors to agree that they shall):

 

(i)       not
effect any public sale or distribution of Common Stock or securities convertible into or exercisable for Common Stock (except pursuant
to registrations on Form S-8 or Form N-14 or any similar or successor form under the Securities Act) during (A) the period commencing
on the seventh day prior to the expected time of circulation of a preliminary prospectus with respect to such Underwritten Offering
(or, if no preliminary prospectus is circulated, the commencement of any marketing efforts with respect to such Underwritten Offering),
and ending on the 60th day (180th day, in the case of an IPO) following the effectiveness of the Resale Registration Statement
covering such Registrable Securities in connection with such Underwritten Offering or (B) such shorter period as the underwriters
with respect to such Underwritten Offering may require; and

 

(ii)      to the extent requested by the underwriters participating in such Underwritten Offering, agree to include provisions in the relevant
underwriting or other similar agreement giving effect to the restrictions described in clause (i) above, in form and substance
reasonably acceptable to such underwriters.

 

(c)          The periods set forth in this Section 7 shall be extended to the extent necessary to comply with SEC Guidance, FINRA rules
or other applicable laws, rules or regulations.

 

(d)          the Holders shall be allowed any concession or proportionate release allowed to any officer or director that entered into agreements
that are no less restrictive (with such proportion being determined by dividing the number of shares being released with respect
to such officer or director by the total number of issued and outstanding shares held by such officer or director); provided,
however, that nothing in this Section 7(d) shall be construed as a right to proportionate release for the executive
officers and directors of the Company upon the expiration of the period applicable to all Holders other than the executive officers
and directors of the Company.

 

(e)          this Section 7 shall not be applicable if a Shelf Registration Statement of the Company filed under the Securities Act has
been declared effective prior to the filing of an IPO Registration Statement.

 

(f)          In order to enforce the foregoing covenant, the Company shall have the right to place restrictive legends on the certificates representing
the securities as subject to this Section 7 and to impose stop transfer instructions with respect to the Registrable Shares
and such other securities of each Holder (and the securities of every other Person subject to the foregoing restriction) until
the end of such period.

 

	8.	LIMITATIONS ON SUBSEQUENT REGISTRATION RIGHTS

 

Except as contemplated
by Section 2(d), from and after the date of this Agreement, the Company shall not, without the prior written consent of
Holders beneficially owning not less than a majority of the then outstanding Registrable Shares enter into any agreement with any
holder or prospective holder of any securities of the Company that would allow such holder or prospective holder to (a) include
such securities in any Resale Registration Statement filed pursuant to the terms hereof, unless, under the terms of such agreement,
such holder or prospective holder may include such securities in any such registration only to the extent that the inclusion of
its securities will not reduce the amount of Registrable Shares of the Holders that is included or (b) have its securities
registered on a registration statement that could be declared effective prior to, or within one hundred eighty (180) days of, the
effective date of any registration statement filed pursuant to this Agreement; provided, however, the limitations in this Section
8 shall not apply to holders of Legacy Shares.

 

    	 	16	 

     

    

 

	9.	TERMINATION OF THE COMPANY’S OBLIGATION

 

The Company shall have
no obligation pursuant to this Agreement with respect to any Registrable Shares proposed to be sold by a Holder in a registration
pursuant to this Agreement if, (a) in the opinion of counsel to the Company, all such Registrable Shares proposed to be sold by
a Holder may be sold in a single transaction without registration under the Securities Act pursuant to Rule 144, (b) the Company
has become subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act for a period of at least ninety (90)
days and is current in the filing of all such required reports and (c) the Registrable Shares have been listed for trading on a
National Securities Exchange.

 

	10.	MISCELLANEOUS

 

(a)          
Company Charter. The Company hereby covenants and agrees to take all necessary action to ensure that the Company
Charter and Bylaws contain all provisions necessary and sufficient to give effect to the provisions of this Agreement.

 

(b)          
Remedies. In the event of a breach by the Company of any of its obligations under this Agreement, KBW and each Holder,
in addition to being entitled to exercise all rights provided herein (or, in the case of KBW, in the Purchase/Placement Agreement)
or granted by law, including the rights granted in Section 2(e) hereof and recovery of damages, will be entitled to specific
performance of its rights under this Agreement. Subject to Section 6, the Company agrees that monetary damages would not
be adequate compensation for any loss incurred by reason of a breach by it of any of the provisions of this Agreement and hereby
further agrees that, in the event of any action for specific performance in respect of such breach, it shall waive the defense
that a remedy at law would be adequate.

 

(c)          
Amendments and Waivers. Except as set forth otherwise herein, the provisions of this Agreement, including the provisions
of this sentence, may not be amended, modified or supplemented, and waivers or consents to or departures from the provisions hereof
may not be given, without (i) the written consent of the Company and Holders beneficially owning not less than a majority of the
then outstanding Registrable Shares or (ii) in the case of Section 2, the written consent of the Company and the Holders
beneficially owning not less than a majority of the then outstanding Registrable Shares; provided, however, that any amendments,
modifications or supplements to, or any waivers or consents to departures from, the provisions of Section 7 hereof that
would have the effect of extending the sixty (60) or one hundred eighty (180) day periods referenced therein shall be approved
by, and shall only be applicable to, those Holders who provide written consent to such extension to the Company. No amendment shall
be deemed effective unless it applies uniformly to all Holders. Notwithstanding the foregoing, a waiver or consent to or departure
from the provisions hereof with respect to a matter that relates exclusively to the rights of a Holder whose securities are being
sold pursuant to a Resale Registration Statement and that does not directly or indirectly affect, impair, limit or compromise the
rights of other Holders may be given by such Holder; provided that the provisions of this sentence may not be amended, modified
or supplemented except in accordance with the provisions of the first and second sentences of this paragraph.

 

(d)          
Notices. All notices and other communications provided for or permitted hereunder shall be made in writing and delivered
by facsimile (with receipt confirmed), overnight courier, registered or certified mail, return receipt requested:

 

(i)             
if to a Holder, at the most current address given by the transfer agent and registrar of the shares of Common Stock to the Company;
and

 

(ii)            
if to the Company, shall be sufficient in all respects if delivered to the Company at the offices of the Company at 3075 West Ray
Road, Suite 525, Chandler, Arizona 85226, Attention: Steven Brown, with a copy to Eversheds Sutherland (US) LLP, 700 6th
St NW, Suite 700, Washington, DC 20001, Attention: Cynthia M. Krus; and

 

(iii)           
if to KBW, shall be sufficient in all respects if delivered or sent to Keefe, Bruyette & Woods, Inc., 787 7th Avenue, 5th Floor,
New York, New York 10019, Attention: General Counsel (facsimile: 212-541-6668); with a copy to Dechert LLP, 100 Oliver St., Boston,
MA 02110, Attention: Thomas J. Friedmann (facsimile: (617) 275-8389).

 

    	 	17	 

     

    

 

(e)          
Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and assigns
of each of the parties hereto, including, without limitation and without the need for an express assignment or assumption, subsequent
Holders. The Company agrees that the Holders shall be third party beneficiaries to the agreements made hereunder by the parties
hereto, and each Holder shall have the right to enforce such agreements directly to the extent it deems such enforcement necessary
or advisable to protect its rights hereunder.

 

(f)          
Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate
counterparts (including by PDF attachment), each of which when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.

 

(g)          
Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect
the meaning hereof.

 

(h)          Governing
Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. EACH OF THE PARTIES
HERETO AND EACH HOLDER HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY STATE COURT IN THE STATE OF NEW YORK OR ANY FEDERAL
COURT SITTING IN NEW YORK IN RESPECT OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, AND IRREVOCABLY
ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID COURTS. EACH
OF THE PARTIES HERETO AND EACH HOLDER IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO UNDER APPLICABLE LAW,
ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY
SUCH COURT AND ANY CLAIM THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT
FORUM. THE PARTIES AND EACH HOLDER WAIVE THE RIGHT TO A TRIAL BY JURY IN ANY DISPUTE IN CONNECTION WITH THIS AGREEMENT.

  

(i)           
Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction
to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein
shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use
their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result
as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention
of the parties hereto that they would have executed the remaining terms, provisions, covenants and restrictions without including
any of such that may be hereafter declared invalid, illegal, void or unenforceable.

 

(j)           
Entire Agreement. This Agreement, together with the Purchase/Placement Agreement, is intended by the parties hereto
as a final expression of their agreement, and is intended to be a complete and exclusive statement of the agreement and understanding
of the parties hereto in respect of the subject matter contained herein and therein.

 

(k)          
Registrable Shares Held by the Company or its Affiliates. Whenever the consent or approval of Holders of a specified
percentage of Registrable Shares is required hereunder, Registrable Shares held by the Company, its Affiliates, its subsidiaries
or members of management of the Company and the Board of Directors shall not be counted in determining whether such consent or
approval was given by the Holders of such required percentage.

 

(l)           
Adjustment for Stock Splits, etc. Wherever in this Agreement there is a reference to a specific number of shares,
then upon the occurrence of any subdivision, combination or stock dividend of such shares, the specific number of shares so referenced
in this Agreement shall automatically be proportionally adjusted to reflect the effect on the outstanding shares of such class
or series of stock by such subdivision, combination or stock dividend.

 

    	 	18	 

     

    

 

(m)          Survival. This Agreement is intended to survive the consummation of the transactions contemplated by the Purchase/Placement
Agreement. The indemnification and contribution obligations under Section 6 of this Agreement shall survive the termination
of the Company’s obligations under Section 2 of this Agreement.

 

(n)          Attorneys’
Fees. In any action or Proceeding brought to enforce any provision of this Agreement, or where any provision hereof is
validly asserted as a defense, the prevailing party, as determined by the court, shall be entitled to recover its reasonable attorneys’
fees in addition to any other available remedy.

 

(o)          
Information. The Company shall use commercially reasonable efforts to ensure that a Holder may access information,
that will be as current as reasonably practicable for the Company, regarding the number of such Registrable Shares held by, issuable
to, and issued to such Holder (the “Information”). The Company shall ensure that any such Holder of such Registrable
Shares will be capable of obtaining certification of Information pertaining to such Holder’s beneficial ownership of Registrable
Shares upon written request by such Holder to the Company.

 

[Signature page follows]

 

    	 	19	 

     

    

 

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

 

	 	TRINITY CAPITAL INC.
	 	 
	 	By:	/s/ Steven L. Brown
	 	 	Name:	Steven L. Brown
	 	 	Title:	Chief Executive Officer

 

	 	KEEFE, BRUYETTE & WOODS, INC.
	 	 
	 	By:	/s/ Allen G. Laufenberg
	 	 	Name:	Allen G. Laufenberg
	 	 	Title:	Managing Director

 

[Signature Page to Registration Rights Agreement]Exhibit 4.1

     

    

    	
            NUMBER

          	
            UNITS

          
	
            U-

          	 

     

    

    SEE REVERSE FOR CERTAIN DEFINITIONS

    CUSIP 12520T 201

    

    

    CF ACQUISITION CORP. IV

    UNITS CONSISTING OF ONE SHARE OF CLASS A COMMON STOCK AND ONE-THIRD OF ONE

     WARRANT,

    EACH WHOLE WARRANT ENTITLING THE HOLDER TO PURCHASE ONE SHARE OF CLASS A 

    COMMON STOCK

    

    

    THIS CERTIFIES THAT is the owner of Units.

    

    

    Each Unit ("Unit")
      consists of one (1) share of Class A common stock, par value $0.0001 per share ("Common Stock"), of CF Acquisition Corp. IV, a
      Delaware corporation (the "Company"), and one-third of one warrant (the "Warrant"). Each whole Warrant entitles the holder to purchase one (1) share (subject to adjustment) of Common Stock for $11.50 per share (subject to adjustment). Each Warrant will
      become exercisable on the later of (i) thirty (30) days after the Company's completion of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses (each a "Business Combination"), or (ii) twelve (12) months from the closing of the Company's initial public offering, and will expire
      unless exercised before 5:00 p.m., New York City Time, on the date that is five (5) years after the date on which the Company completes its initial Business Combination, or earlier upon redemption or liquidation (the "Expiration Date"). The Common Stock and Warrants comprising the Units represented by this certificate are not transferable separately prior to , 2020,
      unless Cantor Fitzgerald & Co. elects to allow separate trading earlier, subject to the Company's filing of a Current Report on Form 8-K with the Securities and Exchange Commission containing an audited balance sheet reflecting the Company's
      receipt of the gross proceeds of the Company's initial public offering and issuing a press release announcing when separate trading will begin. The terms of the Warrants are governed by a Warrant Agreement, dated as of , 2020, between the Company and
      Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the Warrant
      Agreement are on file at the office of the Warrant Agent at 1 State Street, 30th Floor, New York, New York 10004, and are available to any Warrant holder on written request and without cost.

    

    

    This certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Company.

    

    

    This certificate shall be governed by and construed in accordance with the internal laws of the State of New York, without regard to
      conflicts of laws principles thereof.

    

    

    Witness the facsimile signature of a duly authorized signatory of the Company.

    

    

    	 	 	 	 
	
            Authorized Signatory

          	 	
            Transfer Agent

          	 

    

    

    
      
        

    

    CF Acquisition Corp. IV

    

    

    The Company will furnish without charge to each unitholder who so requests, a statement of the powers, designations, preferences and
      relative, participating, optional or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights.

    

    

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

    

    

    	
            TEN COM - as tenants in common

          	
            UNIF GIFT MIN 

            ACT

          	

          	
            Custodian

          	

          
	 	

          	

          	

          	

          
	
            TEN ENT - as tenants by the entireties

          	

            (Cust)

          	

          	
            (Minor)

          
	

          	

          	

          
	
            JT TEN - as joint tenants with right of survivorship and not as tenants in common

          	

          	

            under Uniform Gifts to 

            Minors Act

          
	

          	

          	

          
	

          	

          	

            (State)

          

     

    

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

    

    

    For value received, hereby sell, assign and transfer unto

    

    

    (PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE)

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

    

    

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

    Attorney to transfer the said Units on the books of the within named Company with full power of substitution in the premises.

    

    

    Dated

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

          
	
            Signature(s) Guaranteed:

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

          	 

     

    

    
      In each case, as more fully described in the Company's final prospectus dated , 2020, the holder(s) of this certificate shall be entitled to receive a
        pro-rata portion of certain funds held in the trust account established in connection with its initial public offering only in the event that (i) the Company redeems the shares of Class A common stock sold in the Company's initial public offering
        and liquidates because it does not consummate an initial business combination by , 2022, (ii) the Company redeems the shares of Class A common stock sold in its initial public offering in connection with a stockholder vote to amend the Company's
        amended and restated certificate of incorporation to modify the substance or timing of the Company's obligation to allow redemption in connection with our initial business combination or redeem 100% of the Class A common stock if it does not
        consummate an initial business combination by , 2022, or (iii) if the holder(s) seek(s) to redeem for cash his, her or its respective shares of Class A common stock in connection with a tender offer (or proxy solicitation, solely in the event the
        Company seeks stockholder approval of the proposed initial business combination) setting forth the details of a proposed initial business combination. In no other circumstances shall the holder(s) have any right or interest of any kind in or to the
        trust account.

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