Document:

EX-4.5

 Exhibit 4.5 

ASSIGNMENT, ASSUMPTION AND AMENDMENT AGREEMENT 

THIS ASSIGNMENT, ASSUMPTION AND AMENDMENT AGREEMENT (this “Agreement”), dated [•], 2021, is made by and among CF
Acquisition Corp. V, a Delaware corporation (the “Company”), Satellogic Inc., a British Virgin Islands company limited by shares (“PubCo”), and Continental Stock Transfer & Trust Company, a New York
corporation, as warrant agent (in such capacity, the “Warrant Agent”) and amends the Warrant Agreement (the “Existing Warrant Agreement”), dated January 28, 2021, by and between the Company and the Warrant
Agent. Capitalized terms used but not defined herein shall have the meaning ascribed to such terms in the Existing Warrant Agreement. 

WHEREAS, pursuant to the Existing Warrant Agreement, (i) the Company has issued (a) 8,333,333 Public Warrants and (b) 200,000 Private
Placement Warrants, and (ii) the Company previously agreed to issue 333,333 Forward Purchase Warrants pursuant to that certain Forward Purchase Contract, dated as of January 28, 2021, between the Company and the Sponsor (the
“Forward Purchase Contract”); 
 WHEREAS, all of the Warrants are governed by the Existing Warrant Agreement; 

WHEREAS, on July 5, 2021, the Company, PubCo, Ganymede Merger Sub 1 Inc., Ganymede Merger Sub 2 Inc. (“Merger Sub 2”)
and Nettar Group Inc. entered into that certain Agreement and Plan of Merger (as amended, modified or supplemented from time to time, the “Merger Agreement”); 

WHEREAS, pursuant to the Merger Agreement, the Company will merge with and into Merger Sub 2, with the Company surviving such merger as a
wholly owned subsidiary of PubCo (the “SPAC Merger”), and as a result of the SPAC Merger, the holders of shares of Class A common stock and shares of Class B common stock of the Company shall become holders of Class A
ordinary shares of PubCo (the “PubCo Class A Ordinary Shares”); 
 WHEREAS, upon consummation of the
SPAC Merger, as provided in Section 4.4 of the Existing Warrant Agreement, the Warrants will no longer be exercisable for shares of Class A common stock of the Company but instead will be exercisable (subject to the
terms of the Existing Warrant Agreement as amended hereby) for PubCo Class A Ordinary Shares; 
 WHEREAS, the Board of the Company has
determined that the consummation of the transactions contemplated by the Merger Agreement will constitute a “Business Combination” (as defined in the Existing Warrant Agreement); 

WHEREAS, on July 5, 2021, the Company, PubCo and Sponsor entered into that certain Amended and Restated Forward Purchase Contract (the
“Amended and Restated Forward Purchase Contract”), which supersedes the Forward Purchase Contract and, pursuant to which, immediately prior to the SPAC Merger, PubCo will issue to Sponsor, and Sponsor will purchase from PubCo, among
other things, 333,333 Assumed SPAC Warrants (as defined in the Merger Agreement); 
 WHEREAS, in connection with the SPAC Merger, the
Company desires to assign all of its right, title and interest in the Existing Warrant Agreement to PubCo and PubCo wishes to accept such assignment; and 

 WHEREAS, Section 9.9 of the Existing Warrant Agreement provides
that the Company and the Warrant Agent may amend the Existing Warrant Agreement without the consent of any Registered Holders (i) to provide for the delivery of Alternative Issuance pursuant to Section 4.4 of the
Existing Warrant Agreement in connection with the SPAC Merger and the transactions contemplated by the Merger Agreement or (ii) as the parties may deem necessary or desirable and that the parties deem shall not adversely affect the rights of
the Registered Holders under the Existing Warrant Agreement. 
 NOW, THEREFORE, in consideration of the mutual agreements herein contained,
the parties hereto agree as follows: 
  

	1.	 Assignment and Assumption; Consent. 

 

	1.1	 Assignment and Assumption. As of and with effect on and from the SPAC Merger Effective Time (as defined
in the Merger Agreement), the Company hereby assigns to PubCo all of the Company’s right, title and interest in and to the Existing Warrant Agreement (as amended hereby) and PubCo hereby assumes, and agrees to pay, perform, satisfy and
discharge in full, as the same become due, all of the Company’s liabilities and obligations under the Existing Warrant Agreement (as amended hereby) arising on, from and after the SPAC Merger Effective Time. 

 

	1.2	 Consent. The Warrant Agent hereby consents to (i) the assignment of the Existing Warrant Agreement
by the Company to PubCo and the assumption of the Existing Warrant Agreement by PubCo from the Company pursuant to Section 1.1, in each case effective as of the SPAC Merger Effective Time, and (ii) the continuation of
the Existing Warrant Agreement (as amended hereby) in full force and effect from and after the SPAC Merger Effective Time. 

  

	2.	 Amendment of Existing Warrant Agreement. 

 

	Effective	 as of the SPAC Merger Effective Time, the Company and the Warrant Agent hereby amend the Existing Warrant
Agreement as provided in this Section 2, and acknowledge and agree that the amendments to the Existing Warrant Agreement set forth in this Section 2 are to provide for the delivery of Alternative
Issuance pursuant to Section 4.4 of the Existing Warrant Agreement (in connection with the SPAC Merger and the transactions contemplated by the Merger Agreement). 

 

	2.1	 References to the “Company”. All references to the “Company” in the Existing Warrant
Agreement (including all Exhibits thereto) shall be references to PubCo. 

  

	2.2	 References to Ordinary Shares. All references to “Common Stock” in the Existing Warrant
Agreement (including all Exhibits thereto) shall be references to PubCo Class A Ordinary Shares. 

  

	2.3	 References to Business Combination. All references to “Business Combination” in the Existing
Warrant Agreement (including all Exhibits thereto) shall be references to the transactions contemplated by the Merger Agreement, and references to “the completion of the Business Combination” and all variations thereof in the Existing
Warrant Agreement (including all Exhibits thereto) shall be references to the SPAC Merger Effective Time. 

  
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	2.4	 References to Forward Purchase Contract. All references to “Forward Purchase Contract” in the
Existing Warrant Agreement (including all Exhibits thereto) shall be references to the Amended and Restated Forward Purchase Contract. 

  

	2.5	 References to Forward Purchase Warrant. All references to “Forward Purchase Warrants” in the
Existing Warrant Agreement (including all Exhibits thereto) shall be references to the Assumed SPAC Warrants issued to Sponsor pursuant to the Amended and Restated Forward Purchase Contract. 

 

	2.6	 References to “stockholder”. All references to a “stockholder’ of the Company in the
Existing Warrant Agreement (including all Exhibits thereto) shall be construed as a reference to a “shareholder” of the PubCo. 

  

	2.7	 Detachability of Warrants. Section 2.4 of the Existing Warrant Agreement is hereby deleted and
replaced with the following: 

 “[INTENTIONALLY OMITTED]” 

Except that the defined term “Business Day” set forth therein shall be retained for all purposes of the Existing Warrant Agreement.

  

	2.8	 Post IPO Warrants. 

 

	2.8.1	 Section 2.7 of the Existing Warrant Agreement is hereby deleted in its entirety. 

 

	2.8.2	 All references to “Post IPO Warrant” in the Existing Warrant Agreement shall be deleted.

  

	2.9	 Duration of Warrants. The first sentence of Section 3.2 of the Existing Warrant Agreement is hereby
deleted and replaced with the following: 

 “A Warrant may be exercised only during the period (the
“Exercise Period”) commencing on the date that is thirty (30) days after the consummation of the transactions contemplated by the Merger Agreement (a
“Business Combination”), and terminating at 5:00 p.m., New York City time on the earlier to occur of: (x) the date that is five (5) years after the date on which the Business Combination is completed,
(y) the liquidation of the Company, or (z) other than with respect to the Private Placement Warrants and Forward Purchase Warrants, the Redemption Date (as defined below) as provided in Section 6.2 hereof (the
“Expiration Date”); provided, however, that the exercise of any Warrant shall be subject to the satisfaction of any applicable conditions, as set forth in subsection 3.3.2 below with respect to
an effective registration statement.” 

  
 3 

	2.10	 Notice Clause. Section 9.2 of the Existing Warrant Agreement is hereby deleted
and replaced with the following: 

 “Notices. Any notice, statement or demand authorized by this Agreement to
be given or made by the Warrant Agent or by the holder of any Warrant to or on PubCo shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five (5) days
after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by PubCo with the Warrant Agent), as follows: 

Satellogic Inc. 
 c/o Nettar Group
Inc. 
 Email: ceo@satellogic.com, gc@satellogic.com 

Attention: Emiliano Kargieman 

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

Friedman Kaplan Seiler & Adelman LLP 

7 Times Square 
 New York, NY
10036-6516 
 Email: glerner@fklaw.com 

Attention: Gregg S. Lerner 
 and

 Greenberg Traurig LLP 
 333
SE 2nd Avenue 
 Suite 4400 

Miami, FL 33131 
 Email:
annexa@gtlaw.com 
 Attention: Alan I. Annex 

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

Hughes Hubbard & Reed LLP 

One Battery Park Plaza 
 New York,
NY 10004-1482, U.S.A. 
 Attn:    Kenneth A. Lefkowitz, Esq. 

Email: ken.lefkowitz@hugheshubbard.com 

Any notice, statement or demand authorized by this Agreement to be given or made by the holder of any Warrant or by the Company to or on the
Warrant Agent shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five (5) days after deposit of such notice, postage prepaid, addressed (until another
address is filed in writing by the Warrant Agent with the Company), as follows: 
 Continental Stock Transfer & Trust Company 

One State Street, 30th Floor 
 New
York, NY 10004 
 Attention: Compliance Department 
  

	3.	 Miscellaneous Provisions. 

 

	3.1	 Effectiveness of the Amendment. Each of the parties hereto acknowledges and agrees that the
effectiveness of this Agreement shall be expressly subject to the occurrence of the SPAC Merger and substantially contemporaneous occurrence of the SPAC Merger Effective Time and shall automatically be terminated and shall be null and void if the
Merger Agreement shall be terminated for any reason. 

  
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	3.2	 Successors. All the covenants and provisions of this Agreement by or for the benefit of PubCo, the
Company or the Warrant Agent shall bind and inure to the benefit of their respective successors and assigns. 

  

	3.3	 Applicable Law and Exclusive Forum. The validity, interpretation, and performance of this Agreement
shall be governed in all respects by the laws of the State of New York. Subject to applicable law, each of PubCo and the Company hereby agrees that any action, proceeding or claim against it arising out of or relating in any way to this Agreement
shall be brought and enforced in the courts of the State of New York or the United States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive forum for any such
action, proceeding or claim. Each of PubCo and the Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Notwithstanding the foregoing, the provisions of this paragraph will not
apply to suits brought to enforce any liability or duty created by the Exchange Act or any other claim for which the federal district courts of the United States of America are the sole and exclusive forum. 

Any person or entity purchasing or otherwise acquiring any interest in the Warrants shall be deemed to have notice of and to have consented to
the forum provisions in this Section 3.3. If any action, the subject matter of which is within the scope the forum provisions above, is filed in a court other than a court located within the State of New York or the United
States District Court for the Southern District of New York (a “foreign action”) in the name of any warrant holder, such warrant holder shall be deemed to have consented to: (x) the personal jurisdiction of the state and
federal courts located within the State of New York or the United States District Court for the Southern District of New York in connection with any action brought in any such court to enforce the forum provisions (an “enforcement
action”), and (y) having service of process made upon such warrant holder in any such enforcement action by service upon such warrant holder’s counsel in the foreign action as agent for such warrant holder. 

 

	3.4	 Counterparts. This Agreement may be executed in any number of original or facsimile counterparts and
each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. A signed copy of this Agreement delivered by facsimile,
e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement. 

 

	3.5	 Effect of Headings. The section headings herein are for convenience only and are not part of this
Agreement and shall not affect the interpretation thereof. 

  

	3.6	 Severability. This Agreement shall be deemed severable, and the invalidity or unenforceability of any
term or provision hereof shall not affect the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there
shall be added as a part of this Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable. 

[Signature Page Follows] 

  
 5 

 IN WITNESS WHEREOF, the parties hereto have caused this Assignment, Assumption and Amendment
Agreement to be duly executed as of the date first above written. 
  

			
	CF ACQUISITION CORP. V.
		
	By:	 	 
		 	Name:
		 	Title:
	
	SATELLOGIC INC.
		
	By:	 	 
		 	Name:
		 	Title:
	
	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Warrant Agent
		
	By:	 	 
		 	Name:
		 	Title:

  
 [Signature Page to
Assignment, Assumption and Amendment Agreement] 

 
			
	Consented to in accordance with Section 3.28 of the Underwriting Agreement between CF Acquisition Corp. V and Cantor Fitzgerald & Co., dated as of January 28, 2020:
	
	 CANTOR FITZGERALD & CO.

		
	By:	 	 
		 	Name:
		 	Title:

  
 [Signature Page to
Assignment, Assumption and Amendment Agreement]EX-10.9

 Exhibit 10.9 
  

 
 

 
 ministerio de trabajo y economia social servicio publico de empleo estatal sepe fondo social europeo ei fse invierte en tu
future INDEFINITE EMPLOYMENT CONTRACT COMPANY DATA CIF/NIF/NIE B67085936 Mr./Ms. REBECA LIZASOAIN BRANDYS NIF/NIE 33519801S IN CONCEPT OF (1) ADMINISTRATOR NAME OR BUSINESS NAME OF THE COMPANY SATELLOGIC SOLUTIONS, SL REGISTERED OFFICE CL MARQUES DE
SALAMANCA 3-4 COUNTRY SPAIN 724 MUNICIPALITY MADRID POSTAL CODE ACCOUNT DETAILS REGIME COD. PROV. NUMBER DiG. CONTR. ECONOMIC ACTIVITY Research and experimental development in natural and technical sciences 0111 08 2062084 84 WORK CENTER DATA
MUNICIPALITY COUNTRY SPAIN 724 BARCELONA 08010 EMPLOYEE'S DATA Mr./Ms. KARGIEMAN, EMILIANO NIF/NIE Y8314458H DATE OF BIRTH 07/05/75 SOCIAL SECURITY No 0814264116 41 EDUCATION FIRST STAGE OF SECONDARY SCHOOL EDUCATION WITH A DEGREE OF GRADUATE 23
NATIONALITY ITALY 380 MUNICIPALITY ADRESS BARCELONA 08019 COUNTRY OF DOMICILE SPAIN 724 With the legal assistance of Mr./Ms. with NIF. /NIE. , as (2) RECITALS That they meet the requirements for the execution of this contract and, consequently agree
to formalize it in accordance with the following: CLAUSES FIRST: The worker WILL PROVIDE his/her services as (3) Director of Strategy, included in the professional group of GRADUATES (NIV.1), To perform (4) Specific activities according to the
position and category they occupy in the professional classification system in effect in the company In the workplace located in (street, number and location) CL BAILEN, 3 1o, BARCELONA. Remote work (5) SECOND: The contract is executed to perform
seasonal labor (work) of a non-continuous nature consisting of (6) intermittent cyclical activity of (7) which the duration will be (8) The estimated duration of the activity will be (9) of . The workers will be called in the order and form that the
Collective Agreement ENGINEERING AND STUDY OFFICES determines. The estimated workday will be hours (10). If the collective agreement allows in the permanent contracts the use the part time work, indicate if you accept it yes no THIRD: The workday
will be: Full time: The workweek will be 40 hours, between Monday, and Friday, with legally or conventionally established breaks (11). Mid time: The workday will be , hours a day, weekly, monthly, annually (10) Being this workday inferior compared
to a full time worker (12). The hours will be distributed (13) in accordance with the collective agreement. In the case of mid time work day, please indicate if whether exists or not an agreement of complementary hours (14): Yes NO 

 

 
 FOURTH: The. contract is for an indefinite duration and the employment relationship will start on 05/10/21 beginning with
a trial period of 6 months (15). FIFTH: The worker will receive a total salary of (Return to first clause) gross euros (16) annually that will be distributed in the following concepts (17) base salary, voluntary absorbable improvement, prorated
extra payments and other supplements SIXTH: The worker will receive the following amount of vacation: (18) 23 days per year. SEVENTH: In the case of disputes not provided for in this contract, governing law will be applied, particuarly, the Workers'
Statute, approved by Royal Legislative Decree 2/2015, of October 23 (BOE of October 24) will be applied. and in the Collective Agreement of ENGINEERING AND STUDY OFFICES. EIGHTH: This contract is formalized under the modality of a relief contract: Y
E S N O X The worker certifies: That he/she is unemployed and registered as a claimant with the Public Employment Service. That the worker of the company, Mr./Ms. Born in , who provides services at the place of work located at (street, no. and town)
CL BAILEN, 3 1o , BARCELONA , with the profession of , included in the group/labor/level/professional , in accordance with the professional classification system in force in the company, which reduces his ordinary working hours and salary by (19)
for accessing the partial retirement status, regulated in the Royal Decree-Law 5/2013, dated March 15, 2013. Royal Decree-Law 5/2013 of March 15, 2013, has subscribed with date And up to the corresponding part-timeemployment contract registered with
the Public Employment Service in with number and date. NINTH: This Contract May Be Co-Financed By The European Social Fund. TENTH: The contents of this contract will be communicated to the Public Employment Service _______ within 10 days of its
signing. ELEVENTH : DATA PROTECTION - The data provided in this form will have the protection derived from the Regulation (EU) 2016/679 of the European Parliament of 27 April 2016 and the Organic Law 3/2018 of December 5 (BOE of December 6).
(1)Director, Manager. etc. (2)Father, mother, guardian, or person or institution caring for the child. (3)Indicate the professional group or professional level that corresponds, according to the professional classification system in force in the
company. (4)List the occupation. The functions may be all or only some of the functions of the professional group. (5)Remote work is regulated by the provisions of Royal Decree-Law 28/2020, of September 22 (BOE of September 23), and requires the
execution of the corresponding agreement. (6)This clause shall only be completed in case of discontinuous fixed-term jobs. (7)Indicate the discontinuous or seasonal fixed activity of the company and its duration. (8)Indicate the duration of the
activity to be carried out by the worker. (9)Daily, weekly, monthly or annual. Provide details of the agreement. (10) Indicate the number of hours according to the collective bargaining agreement for full time, legal maximum or that of the full time
worker. (11) Indicate the worker's working hours. (12) "Comparable full-time worker" means a full-time worker in the same company and work center, with the same type of employment contract and performing identical or similar work. If there is no
comparable full-time worker in the company, the full-time working day provided for in the applicable collective bargaining agreement or, failing that, the maximum legal working day shall be considered. (13) Indicate the distribution of working time
according to the collective bargaining agreement. (14) Indicate as appropriate and, if applicable, attach the appendix if there are additional hours. (15) Respecting the provisions of art. 14.1 of the Revised Text of the Workers' Statute Law,
approved by Royal Legislative Decree 2/2015, of October 23 (BOE of October 24). In the event of availing oneself of art. 4 of Law 3/2012, the trial period shall be one year. (16) Daily, weekly, monthly or annual. (17) Base salary, salary
supplements, bonuses. (18) Minimum: 30 calendar days.(19) A minimum of 25% and a maximum of 75%. 

 

 
 ministerio detrabajo y economia social servicio publico de empleo estatal sepe The INDEFINITE CONTRACT celebrated (mark
the spot that corresponds) is made with the following specific clauses: INDEFINITE ORDINARY WITH OR WITHOUT REDUCTION OF QUOTAS. Page. 4 OF PEOPLE WITH DISABILITIES Page. 5 OF PEOPLE WITH LIMITED INTELLECTUAL CAPACITY Page. 6 OF PEOPLE WITH
DISABILITIES IN SPECIAL EMPLOYMENT CENTERS. Page. 7 OF PEOPLE WITH DISABILITIES COMING FROM LABOR ENCLAVES. Page. 8 OF LONG TERM UNEMPLOYED PERSONS. Page. 9 OF WORKERS IN A SITUATION OF SOCIAL EXCLUSION, VICTIMS OF GENDER VIOLENCE, DOMESTIC,
TERRORISM OR VICTIMS OF TRAFFICKING IN HUMAN BEINGS. Page. 10 . OF EXCLUDED PERSONS IN INSERTION COMPANIES. Page. 11 OF FAMILY MEMBERS OF THE SELF EMPLOYED WORKER. Page. 12 OF PERSONS OVER 52 YEARS OF AGE WHO ARE BENEFICIARIES OF UNEMPLOYMENT
BENEFITS Page. 13 FROM A TRAINING AND APPRENTICESHIP CONTRACT OF AN ETT. Page. 14 FROM A TRAINING AND APPRENTICESHIP CONTRACT OF AN ETT. Page. 15 FROM A FAMILY HOME SERVICE. Page. 16 OTHER SITUATIONS. Page. 17 CONVERSlON OF A TEMPORARY CONTRACT INTO
AN INDEFINITE-TERM CONTRACT. Page. 18 And accomplishes the requirements of the regulatory standard. 

 

 
 MINISTERIO DETRABAJO Y ECONOMIA SOCIAL SERVICIO PUBLICO DE EMPLEO ESTATAL SEPE WITHOUT SPECIFIC CLAUSES CODIGO DE CONTRATO
x TIEMPO COMPLETE TIEMPO PARCIAL FIJO DISCONTINUO 100 200 300 

 

 
 ADITTIONAL CLAUSES FIRST - The worker will receive monthly payments and a prorated Summer and Christmas bonus. The annual
salary will be 442,130.00 in monthly payments. SECOND.- The company will provide the worker private medical insurance for his use, as well as a discount in the additional insurance for his family. THIRD - The company will provide restaurant vouchers
for use, not exceeding the annual amount allowed ( 11 per day for 2021). FOURTH - The employee, in terms of of Data Protection, assigns and consents to the sharing of his data before official authorities. FIFTH - The employee declares that he/she
has received theoretical and practical training in preventive matters. SIXTH - The company recognizes August 1st, 2012 as the worker's date of seniority. SEVENTH - The worker will receive a sum equivalent to 10,556.00 as a relocation bonus. And for
the record, this contract is executed in triplicate at the place and on the date indicated below, signed by the parties concerned. In BARCELONA as of OCTOBER 05, 2021 The Worker: of The representative of the Company The legal representative of the
minor, if applicable *IMPORTANT (ALL COMPLETED PAGES OF THIS CONTRACT MUST BE SIGNED ON THE LEFT SIDE FOR GREATER LEGAL CERTAINTY. (all completed pages of this contract must be signed on the left hand side for legal certainty)

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