Document:

Exhibit 10.12

COMPOSECURE, INC.

EMPLOYEE STOCK PURCHASE PLAN

 

I.                 PURPOSE OF THE PLAN

 

This Employee Stock Purchase
Plan is intended to promote the interests of CompoSecure, Inc., a Delaware corporation formerly known as Roman DBDR Tech Acquisition Corp.,
by providing eligible employees with the opportunity to acquire a proprietary interest in the Corporation through participation in an
employee stock purchase plan. The Corporation intends for the Plan to have two components: a Code Section 423 Component (“423 Component”)
and a non-Code Section 423 Component (“Non-423 Component”). The Corporation’s intention is to have the 423 Component
of the Plan qualify as an “employee stock purchase plan” under Section 423 of the Code to the extent possible. The provisions
of the 423 Component, accordingly, will be construed so as to extend and limit Plan participation in a uniform and nondiscriminatory basis
consistent with the requirements of Section 423 of the Code. In addition, this Plan authorizes the grant of an option to purchase shares
of Common Stock under the Non-423 Component that does not qualify as an “employee stock purchase plan” under Section 423 of
the Code; such an option will be granted pursuant to rules, procedures or sub-plans adopted by the Administrator designed to achieve tax,
non-U.S. exchange or securities laws or other objectives for Eligible Employees and the Corporation. Except as otherwise provided, the
Non-423 Component will operate and be administered in the same manner as the 423 Component. The Corporation intends to issue options under
the Non-423 Component unless and until it may issue options under the 423 Component that are eligible to satisfy the requirements of Section
423 of the Code. The Plan shall become effective at the Effective Time. Certain capitalized terms used herein are defined in Article XII.

 

II.               
ADMINISTRATION OF THE PLAN

 

A.       The
Plan Administrator shall have full authority to interpret and construe any provision of the Plan and to adopt such rules and regulations
for administering the Plan as it may deem necessary in order to bring one or more offerings under the 423 Component of the Plan into compliance
with the requirements of Code Section 423.

 

B.       Decisions
of the Plan Administrator shall be final and binding on all parties having an interest in the Plan.

 

III.             
STOCK SUBJECT TO PLAN

 

A.               
The stock purchasable under the Plan shall be shares of authorized but unissued or reacquired Common Stock, including shares of
Common Stock purchased on the open market. The number of shares of Common Stock reserved for issuance under the Plan shall initially be
limited to 1,650,785 shares of Common Stock.

 

B.                 The
number of shares of Common Stock available for issuance under the Plan shall automatically increase on the first trading day in
January each calendar year during the term of the Plan, beginning with the 2022 calendar year, by an amount equal to one percent
(1%) of the total number of shares of Common Stock outstanding on the last trading day in the immediately preceding calendar month,
but in no event shall any such annual increase exceed 1,650,785 shares or such lesser number of shares determined by the Plan
Administrator in its discretion.

 

     

     

    

 

C.                
If there is any change in the number or kind of shares of Common Stock outstanding by reason of (i) a stock dividend, spinoff,
recapitalization, stock split, reverse stock split or combination or exchange of shares, (ii) a merger, reorganization or consolidation,
(iii) a reclassification or change in par value, or (iv) any other extraordinary or unusual event affecting the outstanding Common Stock
as a class without the Corporation’s receipt of consideration, or if the value of outstanding shares of Common Stock is substantially
reduced as a result of a spinoff or the Corporation’s payment of an extraordinary dividend or distribution, then the maximum number
and kind of shares of Common Stock available for issuance under the Plan, the maximum number and kind of shares of Common Stock purchasable
per Participant during any offering period and on any one Purchase Date during that offering period, the number and kind of shares in
effect under each outstanding purchase right, the number and kind of shares issued and to be issued under the Plan, and the price per
share in effect under each outstanding purchase right shall be equitably adjusted by the Plan Administrator to reflect any increase or
decrease in the number of, or change in the kind or value of, the issued shares of Common Stock to preclude, to the extent practicable,
the enlargement or dilution of rights and benefits under the Plan and such outstanding purchase rights; provided, however, that any fractional
shares resulting from such adjustment shall be eliminated. In addition, in the event of a Change of Control, the provisions of Section
VII.H. shall apply. Any adjustments to outstanding purchase rights shall be consistent with Code Section 424, to the extent applicable.
The adjustments of purchase rights under this Section shall include adjustment of other terms and conditions as the Plan Administrator
deems appropriate. The Plan Administrator shall have the sole discretion and authority to determine what appropriate adjustments shall
be made and any adjustments determined by the Plan Administrator shall be final, binding and conclusive.

 

IV.            
OFFERING PERIOdS

 

A.               
Shares of Common Stock shall be offered for purchase under the Plan through a series of successive offering periods until such
time as (i) the maximum number of shares of Common Stock available for issuance under the Plan shall have been purchased or (ii) the Plan
shall have been sooner terminated.

 

B.                 Each
offering period shall commence at such time and be of such duration not to exceed twenty-seven (27) months, as determined by the Plan
Administrator prior to the start of the applicable offering period.

 

C.                 The
terms and conditions of each offering period may vary, and two or more offerings periods may run concurrently under the Plan, each
with its own terms and conditions. In addition, special offering periods may be established with respect to entities that are
acquired by the Corporation (or any subsidiary of the Corporation) or under such other circumstances as the Plan Administrator deems
appropriate. In no event, however, shall the terms and conditions of any offering period contravene the express limitations and
restrictions of the Plan, and the participants in each separate offering period conducted by one or more Corporate Affiliates in the
United States under the 423 Component of the Plan shall have equal rights and privileges under that offering in accordance with the
requirements of Section 423(b)(5) of the Code and the applicable Treasury Regulations thereunder.

 

    2. 

     

    

 

D.               
Each offering period shall be comprised of one or more Purchase Intervals as determined by the Plan Administrator.

 

E.                 Should the Fair Market Value per share of Common Stock on any Purchase Date within an offering period be less than the Fair Market
Value per share of Common Stock on the start date of that offering period, then the individuals participating in that offering period
shall, immediately after the purchase of shares of Common Stock on their behalf on such Purchase Date, be transferred from that offering
period and automatically enrolled in the offering period commencing on the next business day following such Purchase Date, provided and
only if the Fair Market Value per share of Common Stock on the start date of that new offering period is lower than the Fair Market Value
per share of Common Stock on the start date of the offering period in which they were currently enrolled.

 

F.                 
An Eligible Employee may participate in only one offering period at a time.

 

V.               ELIGIBILITY

 

A.               
Each individual who is an Eligible Employee on the start date of an offering period under the Plan may enter that offering period
only on such start date. The date an individual enters an offering period shall be designated his or her Entry Date for purposes of that
offering period.

 

B.                
Each U.S. corporation that becomes a Corporate Affiliate after the Effective Time shall automatically become a Participating Affiliate
effective as of the start date of the first offering date coincident with or next following the date on which it becomes such an affiliate,
unless the Plan Administrator determines otherwise prior to the start date of that offering period. Each entity that becomes an Affiliate
and each non-U.S. corporation that becomes a Corporate Affiliate after the Effective Time shall become a Participating Affiliate when
authorized by the Plan Administrator to extend the benefits of the Plan to its Eligible Employees.

 

C.                
Except as otherwise provided in Sections IV.D and V.A above, the Eligible Employee must, in order to participate in the Plan for
a particular offering period, complete and submit the enrollment and payroll deduction authorization or other forms prescribed by the
Plan Administrator in accordance with enrollment procedures prescribed by the Plan Administrator (which may include accessing the website
designated by the Corporation and electronically enrolling and authorizing payroll deductions or completing other forms) on or before
his or her scheduled Entry Date.

 

VI.              PAYROLL DEDUCTIONS

 

Except to the extent
otherwise determined by the Plan Administrator, payment for shares of Common Stock purchased under the Plan shall be effected by
means of the Participant’s authorized payroll deduction election filed with the Corporation or Participating Affiliate that
maintains the Participant’s payroll. The payroll deductions or other contributions pursuant to Section VI.E. that each
Participant may authorize for purposes of acquiring shares of Common Stock during an offering period may be in any multiple of one
percent (1%) of the Base Salary paid to that Participant during each Purchase Interval within such offering period, up to a maximum
of fifteen percent (15%), unless the Plan Administrator establishes a different maximum percentage prior to the start date of the
applicable offering period.

 

    3. 

     

    

 

A.                For
the initial Purchase Interval of the first offering period under the Plan, no payroll deductions shall be required of any Participant
until such time as the Participant affirmatively elects to commence such payroll deductions following his or her receipt of the 1933
Act prospectus for the Plan. For such Purchase Interval, the Participant will be required to contribute up to fifteen percent (15%) of
his or her Base Salary to the Plan either in a lump sum or one or more installments after receipt of such prospectus and prior to the
close of that Purchase Interval should the Participant elect to have shares of Common Stock purchased on his or her behalf on the Purchase
Date for that initial Purchase Interval and his or her limited payroll deductions (if any) for such Purchase Interval not be sufficient
to fund the entire purchase price for those shares.

 

B.                  The
rate of payroll deduction shall continue in effect throughout the offering period, except for changes effected in accordance with the
following guidelines:

 

(i)             The
Participant may, at any time during the offering period, reduce the rate of his or her payroll deduction (or the percentage of Base Salary
to be contributed for the first Purchase Interval of the initial offering period under the Plan) to become effective as soon as administratively
possible after filing the appropriate form with the Plan Administrator. The Participant may not, however, effect more than one (1) such
reduction per Purchase Interval.

 

(ii)            The
Participant may, at any time during the offering period, increase the rate of his or her payroll deduction (up to the maximum percentage
limit for that offering period) to become effective as soon as administratively possible after filing the appropriate form with the Plan
Administrator. The Participant may not, however, effect more than one (1) such increase per Purchase Interval.

 

(iii)           The
Participant may at any time reduce his or her rate of payroll deduction under the Plan to 0%. Such reduction shall become effective as
soon as administratively practicable following the filing of the appropriate form with the Plan Administrator. The Participant’s
existing payroll deductions shall be applied to the purchase of shares of Common Stock on the next scheduled Purchase Date.

 

C.                 Except
as otherwise provided in Section VI.B above, payroll deductions shall begin on the first pay day administratively feasible following
the Participant’s Entry Date into the offering period and shall (unless sooner terminated by the Participant) continue through
the pay day ending with or immediately prior to the last day of that offering period. The payroll deductions or other contributions
pursuant to Section VI.E. collected shall be credited to the Participant’s book account under the Plan, but, except to the
extent otherwise required by applicable law, no interest shall be paid on the balance from time to time outstanding in such account,
unless otherwise required by the terms of that offering period. Unless the Plan Administrator determines otherwise prior to the
start of the applicable offering period, the amounts collected from the Participant shall not be required to be held in any
segregated account or trust fund and may be commingled with the general assets of the Corporation or Participating Affiliate (as
applicable) and used for general corporate purposes. Payroll deductions or other contributions pursuant to Section VI.E. collected
in a currency other than U.S. Dollars shall be converted into U.S. Dollars on the last day of the Purchase Interval in which
collected, with such conversion to be based on the exchange rate determined by the Plan Administrator in its sole discretion. Any
changes or fluctuations in the exchange rate at which the payroll deductions or other contributions pursuant to Section VI.E.
collected on the Participant’s behalf are converted into U.S. Dollars on each Purchase Date shall be borne solely by the
Participant.

 

    4. 

     

    

 

D.               
Payroll deductions or other contributions pursuant to Section VI.E. shall automatically cease upon the termination of the Participant’s
purchase right in accordance with the provisions of the Plan.

 

E.                
The Plan Administrator may permit Eligible Employees of one or more Participating Affiliates to participate in the Plan by making
contributions other than through payroll deductions or as a lump sum. The Plan Administrator may adopt such rules and regulations for
administering the Plan as it may deem necessary, in its sole and absolute discretion, to facilitate contributions under this Section.
Except as required by law, such rules and regulations need not be uniform and may apply to one or more Eligible Employees.

 

F.                 The
Participant’s acquisition of Common Stock under the Plan on any Purchase Date shall neither limit nor require the Participant’s
acquisition of Common Stock on any subsequent Purchase Date, whether within the same or a different offering period.

 

VII.         
PURCHASE RIGHTS

 

A.               
Grant of Purchase Right. A Participant shall be granted a separate purchase right for each offering period in which
he or she participates. The purchase right shall be granted on the Participant’s Entry Date into the offering period. Prior to the
start date of the applicable offering period and subject to the limitations of Article VIII below, the Plan Administrator shall determine
the maximum number of shares of Common Stock that a Participant can purchase on each Purchase Date within that offering period and the
maximum number of shares of Common Stock that each Participant can purchase for that offering period, subject to periodic adjustments
in the event of certain changes in the Corporation’s capitalization.

 

Under no circumstances shall
purchase rights be granted under the Plan to any Eligible Employee if such individual would, immediately after the grant, own (within
the meaning of Code Section 424(d)) or hold outstanding options or other rights to purchase, stock possessing five percent (5%) or more
of the total combined voting power or value of all classes of stock of the Corporation or any Corporate Affiliate.

 

B.                 Exercise
of the Purchase Right. Each purchase right shall be automatically exercised in installments on each successive Purchase Date
within the offering period, and shares of Common Stock shall accordingly be purchased on behalf of each Participant (other than
Participants whose payroll deductions have previously been refunded pursuant to the Termination of Purchase Right provisions below)
on each such Purchase Date. The purchase shall be effected by applying the Participant’s payroll deductions (as converted to
U.S. Dollars) or other contributions pursuant to Section VI.E. for the Purchase Interval ending on such Purchase Date to the
purchase of whole shares of Common Stock at the purchase price in effect for the Participant for that Purchase Date.

 

    5. 

     

    

 

C.                
Purchase Price. The U.S. Dollar purchase price per share at which Common Stock will be purchased on the Participant’s
behalf on each Purchase Date within the offering period will be established by the Plan Administrator prior to the start of that offering
period, but in no event shall such purchase price be less than eighty-five percent (85%) of the lower of (i) the Fair Market Value
per share of Common Stock on the start date of the offering period to which the purchase date relates or (ii) the Fair Market Value per
share of Common Stock on that Purchase Date. Until such time as otherwise determined by the Plan Administrator, the purchase price per
share at which Common Stock will be purchased on each Purchase Date shall be eighty-five percent (85%) of the Fair Market Value per Share
on that Purchase Date.

 

D.               
Number of Purchasable Shares. The number of shares of Common Stock purchasable by a Participant on each Purchase
Date during the particular offering period in which he or she is enrolled shall be the number of whole shares obtained by dividing the
amount collected from the Participant through other contributions pursuant to Section VI.E. during the Purchase Interval ending with that
Purchase Date by the purchase price in effect for the Participant for that Purchase Date. However, the maximum number of shares of Common
Stock purchasable per Participant on any one Purchase Date shall be governed by the limitation set forth in Section VII.A, as adjusted
periodically in the event of certain changes in the Corporation’s capitalization. In addition, prior to the start of an offering
period, the Plan Administrator shall determine the maximum number of shares of Common Stock purchasable in total by all Participants on
any one Purchase Date during that offering period and the maximum number of shares of Common Stock purchasable in total by all Participants
during that offering period, subject to periodic adjustments in the event of certain changes in the Corporation’s capitalization.
These limitations shall apply for each subsequent offering period, unless otherwise determined by the Plan Administrator.

 

E.                
Excess Payroll Deductions. Any payroll deductions or other contributions pursuant to Section VI.E. not applied to
the purchase of shares of Common Stock on any Purchase Date because they are not sufficient to purchase a whole share of Common Stock
shall be held for the purchase of Common Stock on the next Purchase Date. However, any payroll deductions or other contributions pursuant
to Section VI.E. not applied to the purchase of Common Stock by reason of the limitation on the maximum number of shares purchasable per
Participant or in the aggregate on the Purchase Date shall be promptly refunded.

 

F.                  Suspension
of Payroll Deductions. In the event that a Participant is, by reason of the accrual limitations in Article VIII, precluded
from purchasing additional shares of Common Stock on one or more Purchase Dates during the offering period in which he or she is
enrolled, then no further payroll deductions or other contributions pursuant to Section VI.E. for that offering period shall be
collected from such Participant with respect to those Purchase Dates. The suspension of such deductions or other contributions shall
not terminate the Participant’s purchase right for the offering period in which he or she is enrolled, and the
Participant’s payroll deductions or other contributions shall automatically resume on behalf of such Participant once he or
she is again able to purchase shares during that offering period in compliance with the accrual limitations of Article VIII. All
refunds shall be in the currency in which paid by the Corporation or applicable Participating Affiliate.

 

    6. 

     

    

 

G.               
Termination of Purchase Right. The following provisions shall govern the termination of outstanding purchase rights:

 

(i)              A
Participant may withdraw from the offering period in which he or she is enrolled by filing the appropriate form with the Plan Administrator
(or its designate) at any time prior to the next scheduled Purchase Date in that offering period, and no further payroll deductions or
other contributions pursuant to Section VI.E. shall be collected from the Participant with respect to the offering period. Any payroll
deductions or other contributions pursuant to Section VI.E. collected during the Purchase Interval in which such withdrawal occurs shall,
at the Participant’s election, be immediately refunded (in the currency in which paid by the Corporation or applicable Participating
Affiliate) or held for the purchase of shares on the next Purchase Date. If no such election is made at the time of such withdrawal,
then the payroll deductions or other contributions pursuant to Section VI.E. collected with respect to the Purchase Interval in which
such withdrawal occurs shall be refunded (in the currency in which paid by the Corporation or applicable Corporate Affiliate) to the
Participant as soon as possible.

 

(ii)             The Participant’s withdrawal from the offering period shall be irrevocable, and the Participant may not subsequently rejoin
that offering period. In order to resume participation in any subsequent offering period, such individual must re-enroll in the Plan (by
making a timely filing of the prescribed enrollment forms) on or before his or her scheduled Entry Date into that offering period.

 

(iii)           
Should the Participant cease to remain an Eligible Employee for any reason (including death, disability or change in status) while
his or her purchase right remains outstanding, then that purchase right shall immediately terminate, and all of the Participant’s
payroll deductions or other contributions pursuant to Section VI.E. for the Purchase Interval in which the purchase right so terminates
shall be immediately refunded in the currency in which paid by the Corporation or applicable Participating Affiliate. However, should
the Participant cease to remain in active service by reason of an approved unpaid leave of absence, then the Participant shall have the
right, exercisable up until the last business day of the Purchase Interval in which such leave commences, to (a) withdraw all the
payroll deductions or other contributions pursuant to Section VI.E. collected to date on his or her behalf for that Purchase Interval
or (b) have such funds held for the purchase of shares on his or her behalf on the next scheduled Purchase Date. In no event, however,
shall any further payroll deductions or other contributions pursuant to Section VI.E. be collected on the Participant’s behalf
during such leave. Upon the Participant’s return to active service (x) within three (3) months following the commencement of such
leave or (y) prior to the expiration of any longer period for which such Participant is provided with reemployment rights by statute
or contract, his or her payroll deductions or other contributions pursuant to Section VI.E. under the Plan shall automatically resume
at the rate in effect at the time the leave began, unless the Participant withdraws from the Plan prior to his or her return. An individual
who returns to active employment following a leave of absence which exceeds in duration the applicable (x) or (y) time period above will
be treated as a new Employee for purposes of subsequent participation in the Plan and must accordingly re-enroll in the Plan (by making
a timely filing of the prescribed enrollment forms) on or before his or her scheduled Entry Date into the offering period.

 

    7. 

     

    

 

H.               
Change of Control. Each outstanding purchase right shall automatically be exercised, immediately prior to the effective
date of any Change of Control, by applying the payroll deductions or other contributions pursuant to Section VI.E. of each Participant
for the Purchase Interval in which such Change of Control occurs to the purchase of whole shares of Common Stock at the purchase price
per share in effect for that Purchase Internal pursuant to the Purchase Price provisions of Paragraph C of this Article VII. For this
purpose, payroll deductions or other contributions pursuant to Section VI.E. shall be converted from the currency in which paid by the
Corporation or applicable Participating Affiliate into U.S. Dollars on the exchange rate in effect on the purchase date. However, the
applicable limitation on the number of shares of Common Stock purchasable per Participant shall continue to apply to any such purchase,
but not the limitation applicable to the maximum number of shares of Common Stock purchasable in total by all Participants.

 

The Corporation shall use reasonable
efforts to provide at least ten (10) days prior written notice of the occurrence of any Change of Control, and Participants shall, following
the receipt of such notice, have the right to terminate their outstanding purchase rights prior to the effective date of the Change of
Control.

 

I.                  Proration
of Purchase Rights. Should the total number of shares of Common Stock to be purchased pursuant to outstanding purchase rights
on any particular date exceed the number of shares then available for issuance under the Plan, the Plan Administrator shall make a pro-rata
allocation of the available shares on a uniform and nondiscriminatory basis, and the payroll deductions or other contributions pursuant
to Section VI.E. of each Participant, to the extent in excess of the aggregate purchase price payable for the Common Stock pro-rated
to such individual, shall be refunded.

 

J.                  ESPP Broker Account. The Corporation may require that the shares purchased on behalf of each Participant shall be
deposited directly into a brokerage account which the Corporation shall establish for the Participant at a Corporation-designated brokerage
firm. The account will be known as the ESPP Broker Account. Except as otherwise provided below, with respect to the 423 Component of the
Plan, the deposited shares may not be transferred (either electronically or in certificate form) from the ESPP Broker Account until the
later of the following two periods: (i) the end of the two (2)-year period measured from the Participant’s Entry Date
into the offering period in which the shares were purchased and (ii) the end of the one (1)-year period measured from the actual purchase
date of those shares. Such limitation shall apply both to transfers to different accounts with the same ESPP broker and to transfers to
other brokerage firms. Any shares held for the required holding period may thereafter be transferred (either electronically or in certificate
form) to other accounts or to other brokerage firms.

 

The foregoing procedures
shall not in any way limit when the Participant in the 423 Component of the Plan may sell his or her shares. Those procedures are
designed solely to assure that any sale of shares prior to the satisfaction of the required holding period is made through the ESPP
Broker Account. In addition, the Participant may request a stock certificate or share transfer from his or her ESPP Broker Account
prior to the satisfaction of the required holding period should the Participant wish to make a gift of any shares held in that
account. However, shares may not be transferred (either electronically or in certificate form) from the ESPP Broker Account for use
as collateral for a loan, unless those shares have been held for the required holding period.

 

    8. 

     

    

 

The foregoing procedures shall
apply to all shares purchased by each Participant in the United States, whether or not that Participant continues in Employee status.

 

K.               
Assignability. The purchase right shall be exercisable only by the Participant and shall not be assignable or transferable
by the Participant.

 

L.                
Stockholder Rights. A Participant shall have no stockholder rights with respect to the shares subject to his or her
outstanding purchase right until the shares are purchased on the Participant’s behalf in accordance with the provisions of the Plan
and the Participant has become a holder of record of the purchased shares.

 

M.              
Withholding Taxes. The Corporation’s obligation to deliver shares upon exercise of a purchase right under the
Plan shall be subject to the satisfaction of all income, employment and payroll taxes, social insurance, contributions, payment on account
obligations or other payments required to be collected, withheld or accounted for in connection with the purchase right.

 

VIII.      
ACCRUAL LIMITATIONS

 

A.               
No Participant shall be entitled to accrue rights to acquire Common Stock pursuant to any purchase right outstanding under the
Plan if and to the extent such accrual, when aggregated with (i) rights to purchase Common Stock accrued under any other purchase right
granted under the Plan and (ii) similar rights accrued under other employee stock purchase plans (within the meaning of Code Section 423)
of the Corporation or any Participating Affiliate, would otherwise permit such Participant to purchase more than Twenty-Five Thousand
U.S. Dollars (US $25,000.00) worth of stock of the Corporation or any Corporate Affiliate (determined on the basis of the Fair Market
Value per share on the date or dates such rights are granted) for each calendar year such rights are at any time outstanding.

 

B.                
For purposes of applying such accrual limitations to the purchase rights granted under the Plan, the following provisions shall
be in effect:

 

(i)              The
right to acquire Common Stock under each outstanding purchase right shall accrue in a series of installments on each successive Purchase
Date during the offering period on which such right remains outstanding.

 

(ii)             No
right to acquire Common Stock under any outstanding purchase right shall accrue to the extent the Participant has already accrued in
the same calendar year the right to acquire Common Stock under one or more other purchase rights at a rate equal to Twenty-Five Thousand
U.S., Dollars (U.S. $25,000.00) worth of Common Stock (determined on the basis of the Fair Market Value per share on the date or dates
of grant) for each calendar year such rights were at any time outstanding.

 

    9. 

     

    

 

C.                
 If by reason of such accrual limitations, any purchase right of a Participant does not accrue for a particular Purchase Interval,
then the payroll deductions or other contributions pursuant to Section VI.E. which the Participant made during that Purchase Interval
with respect to such purchase right shall be promptly refunded.

 

D.               
In the event there is any conflict between the provisions of this Article VIII and one or more provisions of the Plan or any instrument
issued thereunder, the provisions of this Article VIII shall be controlling.

 

IX.            
EFFECTIVE DATE AND TERM OF THE PLAN

 

A.               
The Plan shall become effective at the Effective Time; provided, however, that (i) the Plan shall have been approved by the stockholders
of the Corporation and (ii) no purchase rights granted under the Plan shall be exercised, and no shares of Common Stock shall be issued
hereunder, until the Corporation shall have complied with all applicable requirements of the 1933 Act (including the registration of the
shares of Common Stock issuable under the Plan on a Form S-8 registration statement filed with the Securities and Exchange Commission),
all applicable listing requirements of any Stock Exchange on which the Common Stock is listed for trading and all other applicable requirements
established by law or regulation.

 

B.                
Unless sooner terminated by the Board, the Plan shall terminate upon the earliest of (i) the last business day in the month before
the tenth anniversary of the Effective Time, (ii) the date on which all shares available for issuance under the Plan shall have been sold
pursuant to purchase rights exercised under the Plan or (iii) the date on which all purchase rights are exercised in connection with
a Change of Control. No further purchase rights shall be granted or exercised, and no further payroll deductions or other contributions
shall be collected, under the Plan following such termination.

 

X.               
AMENDMENT OF THE PLAN

 

A.               
The Board may alter or amend the Plan at any time to become effective as of the start date of the next offering period under the
Plan. In addition, the Board may suspend or terminate the Plan at any time to become effective immediately following the close of any
Purchase Interval.

 

B.                
In no event may the Board effect any of the following amendments or revisions to the Plan without the approval of the Corporation’s
stockholders: (i) increase the number of shares of Common Stock issuable under the Plan, except for permissible adjustments in the event
of certain changes in the Corporation’s capitalization or (ii) modify the eligibility requirements for participation in the Plan.

 

    10. 

     

    

 

XI.            
 GENERAL PROVISIONS

 

A.               
All costs and expenses incurred in the administration of the Plan shall be paid by the Corporation; however, each Plan Participant
shall bear all costs and expenses incurred by such individual in the sale or other disposition of any shares purchased under the Plan.

 

B.                
Nothing in the Plan shall confer upon the Participant any right to continue in the employ of the Corporation or any Participating
Affiliate for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Corporation (or any
Participating Affiliate employing such person) or of the Participant, which rights are hereby expressly reserved by each, to terminate
such person’s employment at any time for any reason, with or without cause.

 

C.                
The provisions of the Plan shall be governed by the laws of the State of Delaware, without resort to that State’s conflict-of-laws
rules.

 

XII.         
Definitions

 

The following definitions
shall be in effect under the Plan:

 

A.               
Affiliate shall mean any entity, other than a Corporate Affiliate, in which the Corporation has an equity or other
ownership interest.

 

B.                
Base Salary shall, unless otherwise specified by the Plan Administrator prior to the start of an offering period,
mean the regular base salary paid to such Participant by one or more Participating Affiliates during such individual’s period of
participation in one or more offering periods under the Plan. Base Salary shall be calculated before deduction of (A) any income
or employment tax or other withholdings or (B) any contributions made by the Participant to any Code Section 401(k) salary deferral
plan or Code Section 125 cafeteria benefit program now or hereafter established by the Corporation or any Participating Affiliate. Base
Salary shall not include any contributions made on the Participant’s behalf by the Corporation or any Participating Affiliate to
any employee benefit or welfare plan now or hereafter established (other than Code Section 401(k) or Code Section 125 contributions deducted
from such Base Salary).

 

C.                
Board shall mean the Corporation’s Board of Directors.

 

D.               
Change of Control shall be deemed to have occurred if:

 

(i)                
Any “person” (as such term is used in sections 13(d) and 14(d) of the 1934 Act) becomes a “beneficial owner”
(as defined in Rule 13d-3 under the 1934 Act), directly or indirectly, of securities of the Corporation representing more than 50% of
the voting power of the then outstanding securities of the Corporation; provided that a Change of Control shall not be deemed to occur
as a result of a transaction in which the Corporation becomes a subsidiary of another corporation and in which the stockholders of the
Corporation, immediately prior to the transaction, will beneficially own, immediately after the transaction, shares entitling such stockholders
to more than 50% of all votes to which all stockholders of the parent corporation would be entitled in the election of directors.

 

    11. 

     

    

 

(ii)             
 The consummation of (A) a merger or consolidation of the Corporation with another corporation where, immediately after the merger
or consolidation, the stockholders of the Corporation, immediately prior to the merger or consolidation, will not beneficially own, in
substantially the same proportion as ownership immediately prior to the merger or consolidation, shares entitling such stockholders to
more than 50% of all votes to which all stockholders of the surviving corporation would be entitled in the election of directors, or where
the members of the Board, immediately prior to the merger or consolidation, will not, immediately after the merger or consolidation, constitute
a majority of the board of directors of the surviving corporation or (B) a sale or other disposition of all or substantially all of the
assets of the Corporation.

 

(iii)           
A change in the composition of the Board over a period of 12 consecutive months or less such that a majority of the Board members
ceases, by reason of one or more contested elections, or threatened election contests, for Board membership, to be comprised of individuals
who either (A) have been Board members continuously since the beginning of such period or (B) have been elected or nominated for election
as Board members during such period by at least a majority of the Board members described in clause (A) who were still in office at the
time the Board approved such election or nomination.

 

(iv)            
The consummation of a complete dissolution or liquidation of the Corporation.

 

E.                
Code shall mean the Internal Revenue Code of 1986, as amended.

 

F.                 
Common Stock shall mean the Corporation’s Class A common stock, $0.001 par value; provided, that for purposes
of determining the number of shares available for issuance under the Plan, and for determining the evergreen annual increase, under Section
III, “Common Stock” shall mean the aggregate number of shares of the Corporation’s Class A and Class B common stock.

 

G.               
Corporate Affiliate shall mean any parent or subsidiary corporation of the Corporation (as determined in accordance
with Code Section 424), whether now existing or subsequently established.

 

H.               
Corporation shall mean CompoSecure, Inc., a Delaware corporation formerly known as Roman DBDR Tech Acquisition Corp.,
and any corporate successor to all or substantially all of the assets or voting stock of CompoSecure, Inc. that shall assume the Plan.

 

I.                   
Effective Time shall mean the closing of the merger contemplated in the Agreement and Plan of Merger dated as of
April 19, 2021, among the Corporation, Roman Parent Merger Sub, LLC, a Delaware limited liability company and a direct wholly owned subsidiary
of Parent, CompoSecure Holdings, L.L.C., a Delaware limited liability company (the “Company”), and LLR Equity Partners IV,
L.P., a Delaware limited partnership. Any Affiliate or Corporate Affiliate that becomes a Participating Affiliate after such Effective
Time shall have a subsequent Effective Time with respect to its employee-Participants as determined in accordance with Section V.C of
the Plan.

 

    12. 

     

    

 

J.                  
 Eligible Employee shall mean any person who is employed by a Participating Affiliate and, unless otherwise mandated
by local law, such person is employed on a basis under which he or she is regularly expected to render more than twenty (20) hours of
service per week for more than five (5) months per calendar year for earnings that are considered wages under Code Section 3401(a); provided,
however, that the Plan Administrator may, prior to the start of the applicable offering period, waive one or both of the twenty (20) hour
and five (5) month service requirements.

 

K.               
Entry Date shall mean the date an Eligible Employee first commences participation in the offering period in effect
under the Plan.

 

L.                
Fair Market Value per share of Common Stock on any relevant date shall be the closing price per share of Common Stock
at the close of regular trading hours (i.e., before after-hours trading begins) on the date in question on the Stock Exchange serving
as the primary market for the Common Stock, as such price is reported by the National Association of Securities Dealers (if primarily
traded on the Nasdaq Global or Global Select Market) or as officially quoted in the composite tape of transactions on any other Stock
Exchange on which the Common Stock is then primarily traded. If there is no closing selling price for the Common Stock on the date in
question, then the Fair Market Value shall be the closing selling price on the last preceding date for which such quotation exists.

 

M.              
1933 Act shall mean the Securities Act of 1933, as amended.

 

N.               
1934 Act shall mean the Securities Exchange Act of 1934, as amended.

 

O.               
Participant shall mean any Eligible Employee of a Participating Affiliate who is actively participating in the Plan.

 

P.                 
Participating Affiliate shall mean the Corporation, CompoSecure, L.L.C., and such other Affiliates or Corporate Affiliates
as may be authorized, in accordance with Section V.C of the Plan, to extend the benefits of the Plan to their Eligible Employees. Only
employees of the Corporation or any Corporate Affiliate may participate in the 423 Component of the Plan.

 

Q.               
Plan shall mean the CompoSecure, Inc. Employee Stock Purchase Plan, as set forth in this document.

 

R.                
Plan Administrator shall mean the Compensation Committee of the Board or such other committee of two (2) or more
Board members appointed by the Board to administer the Plan.

 

S.                 
Purchase Date shall mean the last business day of each Purchase Interval.

 

T.                
Purchase Interval shall mean each successive six (6)-month period within the offering period at the end of which
there shall be purchased shares of Common Stock on behalf of each Participant; provided, however, that the Plan Administrator may, prior
to the start of the applicable offering period, designate a different duration for the Purchase Intervals within that offering period.

 

U.               
 Stock Exchange shall mean the American Stock Exchange, the Nasdaq Capital, Global or Global Select Market, or the
New York Stock Exchange.

 

    13.Exhibit 10.13

 

INDEMNIFICATION
AGREEMENT

 

THIS INDEMNIFICATION AGREEMENT
(the “Agreement”) is made and entered into as of December ___, 2021 between CompoSecure, Inc., a Delaware corporation
(the “Company”), and ___________________ (“Indemnitee”).

 

WITNESSETH THAT:

 

WHEREAS, highly competent
persons have become more reluctant to serve corporations as directors or in other capacities unless they are provided with adequate protection
through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service
to and activities on behalf of the corporation;

 

WHEREAS, the Board of Directors
of the Company (the “Board”) has determined that, in order to attract and retain qualified individuals, the Company
will attempt to maintain on an ongoing basis, at its sole expense, liability insurance to protect persons serving the Company and its
subsidiaries from certain liabilities. Although the furnishing of such insurance has been a customary and widespread practice among United
States-based corporations and other business enterprises, the Company believes that, given current market conditions and trends, such
insurance may be available to it in the future only at higher premiums and with more exclusions. At the same time, directors, officers,
and other persons in service to corporations or business enterprises are being increasingly subjected to expensive and time-consuming
litigation relating to, among other things, matters that traditionally would have been brought only against the Company or business enterprise
itself. The certificate of incorporation of the Company, as amended and restated (as it may be further amended from time to time, the
 “Certificate of Incorporation”), and the bylaws of the Company, as amended and restated (as it may be further amended
from time to time, the “Bylaws”), requires indemnification of the directors, officers, employees or agents of the Company.
Indemnitee may also be entitled to indemnification pursuant to the General Corporation Law of the State of Delaware (“DGCL”).
The DGCL expressly provides that the indemnification provisions set forth therein are not exclusive, and thereby contemplates that contracts
may be entered into between the Company and members of the board of directors, officers and other persons with respect to indemnification;

 

WHEREAS, the uncertainties
relating to such insurance and to indemnification have increased the difficulty of attracting and retaining such persons;

 

WHEREAS, the Board has determined
that the increased difficulty in attracting and retaining such persons is detrimental to the best interests of the Company’s stockholders
and that the Company should act to assure such persons that there will be increased certainty of such protection in the future;

 

WHEREAS, it is reasonable,
prudent and necessary for the Company contractually to obligate itself to indemnify, and to advance expenses on behalf of, such persons
to the fullest extent permitted by applicable law so that they will serve or continue to serve the Company free from undue concern that
they will not be so indemnified;

 

WHEREAS, this Agreement is
a supplement to and in furtherance of the Certificate of Incorporation and Bylaws of the Company and any resolutions adopted pursuant
thereto, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder; and

 

     

     

    

 

WHEREAS, Indemnitee does not
regard the protection available under the Company’s insurance, if any, as adequate in the present circumstances, and may not be
willing to serve as an officer or director without adequate protection, and the Company desires Indemnitee to serve in such capacity.
Indemnitee is willing to serve, continue to serve and to take on additional service for or on behalf of the Company on the condition that
he be so indemnified.

 

NOW, THEREFORE, in consideration
of Indemnitee’s agreement to serve as a director or officer (as the case may be) of the Company, the parties hereto agree as follows:

 

1.              Indemnity
of Indemnitee. The Company hereby agrees to hold harmless and indemnify Indemnitee to the fullest extent permitted by law, as such
may be amended from time to time. In furtherance of the foregoing indemnification, and without limiting the generality thereof:

 

(a)              
Proceedings Other Than Proceedings by or in the Right of the Company. Indemnitee shall be entitled to the rights of indemnification
provided in this Section 1(a) if, by reason of his Corporate Status (as hereinafter defined), the Indemnitee is, or is threatened
to be made, a party to or participant in any Proceeding (as hereinafter defined) other than a Proceeding by or in the right of the Company.
Pursuant to this Section 1(a), Indemnitee shall be indemnified against all Expenses (as hereinafter defined), judgments, penalties,
fines and amounts paid in settlement actually and reasonably incurred by him, or on his behalf, in connection with such Proceeding or
any claim, issue or matter therein, if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to be in
or not opposed to the best interests of the Company, and with respect to any criminal Proceeding, had no reasonable cause to believe the
Indemnitee’s conduct was unlawful.

 

(b)              
Proceedings by or in the Right of the Company. Indemnitee shall be entitled to the rights of indemnification provided in
this Section 1(b) if, by reason of his Corporate Status, the Indemnitee is, or is threatened to be made, a party to or participant
in any Proceeding brought by or in the right of the Company. Pursuant to this Section 1(b), Indemnitee shall be indemnified against
all Expenses actually and reasonably incurred by the Indemnitee, or on the Indemnitee’s behalf, in connection with such Proceeding
if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests
of the Company; provided, however, if applicable law so provides, no indemnification against such Expenses shall be made in respect of
any claim, issue or matter in such Proceeding as to which Indemnitee shall have been adjudged to be liable to the Company unless and to
the extent that the Court of Chancery of the State of Delaware shall determine that such indemnification may be made.

 

(c)               Indemnification
for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provision of this Agreement, to the extent
that Indemnitee is, by reason of his Corporate Status, a party to and is successful, on the merits or otherwise, in any Proceeding,
he shall be indemnified to the maximum extent permitted by law, as such may be amended from time to time, against all Expenses
actually and reasonably incurred by him or on his behalf in connection therewith. If Indemnitee is not wholly successful in such
Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such
Proceeding, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him or on his behalf in
connection with each successfully resolved claim, issue or matter. For purposes of this Section and without limitation, the
termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a
successful result as to such claim, issue or matter.

 

(d)              
Indemnification of Related Parties. If (i) Indemnitee is or was affiliated with one or more venture capital funds that has
invested in the Company (an “Appointing Stockholder”), (ii) the Appointing Stockholder is, or is threatened to be made,
a party to or a participant in any proceeding, and (iii) the Appointing Stockholder’s involvement in the proceeding is related to
Indemnitee’s service to the Company as a director of the Company or any direct or indirect subsidiaries of the Company, then, to
the extent resulting from any claim based on the Indemnitee’s service to the Company as a director of the Company or any direct
or indirect subsidiaries of the Company, the Appointing Stockholder will be entitled to indemnification hereunder for Expenses to the
same extent as Indemnitee.

 

    2 

     

    

 

2.              Additional
Indemnity. In addition to, and without regard to any limitations on, the indemnification provided for in Section 1 of this
Agreement, the Company shall and hereby does indemnify and hold harmless Indemnitee against all Expenses, judgments, penalties, fines
and amounts paid in settlement actually and reasonably incurred by him or on his behalf if, by reason of his Corporate Status, he is,
or is threatened to be made, a party to or participant in any Proceeding (including a Proceeding by or in the right of the Company),
including, without limitation, all liability arising out of the negligence or active or passive wrongdoing of Indemnitee. The only limitation
that shall exist upon the Company’s obligations pursuant to this Agreement shall be that the Company shall not be obligated to
make any payment to Indemnitee that is finally determined (under the procedures, and subject to the presumptions, set forth in Sections
6 and 7 hereof) to be unlawful.

 

3.              Contribution.

 

(a)              
Whether or not the indemnification provided in Sections 1 and 2 hereof is available, in respect of any threatened,
pending or completed action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such
action, suit or proceeding), the Company shall pay, in the first instance, the entire amount of any judgment or settlement of such action,
suit or proceeding without requiring Indemnitee to contribute to such payment and the Company hereby waives and relinquishes any right
of contribution it may have against Indemnitee. The Company shall not enter into any settlement of any action, suit or proceeding in which
the Company is jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding) unless such settlement provides
for a full and final release of all claims asserted against Indemnitee.

 

(b)               Without
diminishing or impairing the obligations of the Company set forth in the preceding subparagraph, if, for any reason, Indemnitee
shall elect or be required to pay all or any portion of any judgment or settlement in any threatened, pending or completed action,
suit or proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such action, suit or
proceeding), the Company shall contribute to the amount of Expenses, judgments, fines and amounts paid in settlement actually and
reasonably incurred and paid or payable by Indemnitee in proportion to the relative benefits received by the Company and all
officers, directors or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee (or would be if
joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, from the transaction from which such
action, suit or proceeding arose; provided, however, that the proportion determined on the basis of relative benefit may, to the
extent necessary to conform to law, be further adjusted by reference to the relative fault of the Company and all officers,
directors or employees of the Company other than Indemnitee who are jointly liable with Indemnitee (or would be if joined in such
action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, in connection with the events that resulted in such
expenses, judgments, fines or settlement amounts, as well as any other equitable considerations which the law may require to be
considered. The relative fault of the Company and all officers, directors or employees of the Company, other than Indemnitee, who
are jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on
the other hand, shall be determined by reference to, among other things, the degree to which their actions were motivated by intent
to gain personal profit or advantage, the degree to which their liability is primary or secondary and the degree to which their
conduct is active or passive.

 

    3 

     

    

 

(c)              
The Company hereby agrees to fully indemnify and hold Indemnitee harmless from any claims of contribution which may be brought
by officers, directors or employees of the Company, other than Indemnitee, who may be jointly liable with Indemnitee.

 

(d)              
To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to
Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee,
whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses, in connection with
any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all
of the circumstances of such Proceeding in order to reflect (i) the relative benefits received by the Company and Indemnitee as a result
of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or (ii) the relative fault of the Company (and its directors,
officers, employees and agents) and Indemnitee in connection with such event(s) and/or transaction(s).

 

4.              Indemnification
for Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of
his Corporate Status, a witness, or is made (or asked to) respond to discovery requests, in any Proceeding to which Indemnitee is not
a party, he shall be indemnified against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith.

 

5.              Advancement
of Expenses. Notwithstanding any other provision of this Agreement, the Company shall advance all Expenses incurred by or on behalf
of Indemnitee in connection with any Proceeding by reason of Indemnitee’s Corporate Status within thirty (30) days after the receipt
by the Company of a statement or statements from Indemnitee requesting such advance or advances from time to time, whether prior to or
after final disposition of such Proceeding. Such statement or statements shall reasonably evidence the Expenses incurred by Indemnitee
and shall include or be preceded or accompanied by an undertaking by or on behalf of Indemnitee to repay any Expenses advanced if it
shall ultimately be determined that Indemnitee is not entitled to be indemnified against such Expenses. Any advances and undertakings
to repay pursuant to this Section 5 shall be unsecured and interest free.

 

    4 

     

    

 

6.              Procedures and Presumptions for Determination of Entitlement to Indemnification. It is the intent of this Agreement to secure
for Indemnitee rights of indemnity that are as favorable as may be permitted under the DGCL and public policy of the State of Delaware.
Accordingly, the parties agree that the following procedures and presumptions shall apply in the event of any question as to whether Indemnitee
is entitled to indemnification under this Agreement:

 

(a)              
To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including therein or
therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether
and to what extent Indemnitee is entitled to indemnification. The Secretary of the Company shall, promptly upon receipt of such a request
for indemnification, advise the Board of Directors in writing that Indemnitee has requested indemnification. Notwithstanding the foregoing,
any failure of Indemnitee to provide such a request to the Company, or to provide such a request in a timely fashion, shall not relieve
the Company of any liability that it may have to Indemnitee unless, and to the extent that, such failure actually and materially prejudices
the interests of the Company.

 

(b)              
Upon written request by Indemnitee for indemnification pursuant to the first sentence of Section 6(a) hereof, a determination,
if required by applicable law, with respect to Indemnitee’s entitlement thereto shall be made in the specific case by one of the
following four methods, which shall be at the election of the board: (1) by a majority vote of the disinterested directors, even though
less than a quorum, (2) by a committee of disinterested directors designated by a majority vote of the disinterested directors, even though
less than a quorum, (3) if there are no disinterested directors or if the disinterested directors so direct, by independent legal counsel
in a written opinion to the Board of Directors, a copy of which shall be delivered to the Indemnitee, or (4) if so directed by the Board
of Directors, by the stockholders of the Company. For purposes hereof, disinterested directors are those members of the board of directors
of the Company who are not parties to the action, suit or proceeding in respect of which indemnification is sought by Indemnitee.

 

(c)               If
the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 6(b) hereof, the
Independent Counsel shall be selected as provided in this Section 6(c). The Independent Counsel shall be selected by the
Board of Directors. Indemnitee may, within 10 days after such written notice of selection shall have been given, deliver to the
Company, as the case may be, a written objection to such selection; provided, however, that such objection may be asserted only on
the ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as
defined in Section 13 of this Agreement, and the objection shall set forth with particularity the factual basis of such
assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If a written objection is
made and substantiated, the Independent Counsel selected may not serve as Independent Counsel unless and until such objection is
withdrawn or a court has determined that such objection is without merit. If, within 20 days after submission by Indemnitee of a
written request for indemnification pursuant to Section 6(a) hereof, no Independent Counsel shall have been selected and not
objected to, either the Company or Indemnitee may petition the Court of Chancery of the State of Delaware or other court of
competent jurisdiction for resolution of any objection which shall have been made by the Indemnitee to the Company’s selection
of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the court or by such other person
as the court shall designate, and the person with respect to whom all objections are so resolved or the person so appointed shall
act as Independent Counsel under Section 6(b) hereof. The Company shall pay any and all reasonable fees and expenses of
Independent Counsel incurred by such Independent Counsel in connection with acting pursuant to Section 6(b) hereof, and the
Company shall pay all reasonable fees and expenses incident to the procedures of this Section 6(c), regardless of the manner
in which such Independent Counsel was selected or appointed.

 

    5 

     

    

 

(d)              
In making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such
determination shall presume that Indemnitee is entitled to indemnification under this Agreement. Anyone seeking to overcome this presumption
shall have the burden of proof and the burden of persuasion by clear and convincing evidence. Neither the failure of the Company (including
by its directors or independent legal counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement
that indemnification is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual determination
by the Company (including by its directors or independent legal counsel) that Indemnitee has not met such applicable standard of conduct,
shall be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct.

 

(e)              
Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on the records or books of account
of the Enterprise, including financial statements, or on information supplied to Indemnitee by the officers of the Enterprise (as hereinafter
defined) in the course of their duties, or on the advice of legal counsel for the Enterprise or on information or records given or reports
made to the Enterprise by an independent certified public accountant or by an appraiser or other expert selected with reasonable care
by the Enterprise. In addition, the knowledge and/or actions, or failure to act, of any director, officer, agent or employee of the Enterprise
shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. Whether or not the foregoing
provisions of this Section 6(e) are satisfied, it shall in any event be presumed that Indemnitee has at all times acted in good
faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Company. Anyone seeking to overcome
this presumption shall have the burden of proof and the burden of persuasion by clear and convincing evidence.

 

(f)                If
the person, persons or entity empowered or selected under Section 6 to determine whether Indemnitee is entitled to
indemnification shall not have made a determination within sixty (60) days after receipt by the Company of the request therefor, the
requisite determination of entitlement to indemnification shall be deemed to have been made and Indemnitee shall be entitled to such
indemnification absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make
Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of
such indemnification under applicable law; provided, however, that such 60-day period may be extended for a reasonable time, not to
exceed an additional thirty (30) days, if the person, persons or entity making such determination with respect to entitlement to
indemnification in good faith requires such additional time to obtain or evaluate documentation and/or information relating thereto;
and provided, further, that the foregoing provisions of this Section 6(g) shall not apply if the determination of entitlement
to indemnification is to be made by the stockholders pursuant to Section 6(b) of this Agreement and if (A) within fifteen
(15) days after receipt by the Company of the request for such determination, the Board of Directors or the Disinterested Directors,
if appropriate, resolve to submit such determination to the stockholders for their consideration at an annual meeting thereof to be
held within seventy-five (75) days after such receipt and such determination is made thereat, or (B) a special meeting of
stockholders is called within fifteen (15) days after such receipt for the purpose of making such determination, such meeting is
held for such purpose within sixty (60) days after having been so called and such determination is made thereat.

 

    6 

     

    

 

(g)              
Indemnitee shall cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement
to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information
which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary
to such determination. Any Independent Counsel, member of the Board of Directors or stockholder of the Company shall act reasonably and
in good faith in making a determination regarding the Indemnitee’s entitlement to indemnification under this Agreement. Any costs
or expenses (including attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity
making such determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification)
and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom.

 

(h)              
The Company acknowledges that a settlement or other disposition short of final judgment may be successful if it permits a party
to avoid expense, delay, distraction, disruption and uncertainty. In the event that any action, claim or proceeding to which Indemnitee
is a party is resolved in any manner other than by adverse judgment against Indemnitee (including, without limitation, settlement of such
action, claim or proceeding with or without payment of money or other consideration) it shall be presumed that Indemnitee has been successful
on the merits or otherwise in such action, suit or proceeding. Anyone seeking to overcome this presumption shall have the burden of proof
and the burden of persuasion by clear and convincing evidence.

 

(i)                
The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon
a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely
affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which
he reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that
Indemnitee had reasonable cause to believe that his conduct was unlawful.

 

    7 

     

    

 

7.              Remedies
of Indemnitee.

 

(a)              
 In the event that (i) a determination is made pursuant to Section 6 of this Agreement that Indemnitee is not entitled to
indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 5 of this Agreement,
(iii) no determination of entitlement to indemnification is made pursuant to Section 6(b) of this Agreement within 90 days after
receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to this Agreement within
ten (10) days after receipt by the Company of a written request therefor or (v) payment of indemnification is not made within ten (10)
days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made
pursuant to Section 6 of this Agreement, Indemnitee shall be entitled to an adjudication in an appropriate court of the State of
Delaware, or in any other court of competent jurisdiction, of Indemnitee’s entitlement to such indemnification. Indemnitee shall
commence such proceeding seeking an adjudication within 180 days following the date on which Indemnitee first has the right to commence
such proceeding pursuant to this Section 7(a). The Company shall not oppose Indemnitee’s right to seek any such adjudication.

 

(b)              
In the event that a determination shall have been made pursuant to Section 6(b) of this Agreement that Indemnitee is not
entitled to indemnification, any judicial proceeding commenced pursuant to this Section 7 shall be conducted in all respects as
a de novo trial on the merits, and Indemnitee shall not be prejudiced by reason of the adverse determination under Section 6(b).

 

(c)              
If a determination shall have been made pursuant to Section 6(b) of this Agreement that Indemnitee is entitled to indemnification,
the Company shall be bound by such determination in any judicial proceeding commenced pursuant to this Section 7, absent (i) a
misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s misstatement not
materially misleading in connection with the application for indemnification, or (ii) a prohibition of such indemnification under applicable
law.

 

(d)              
In the event that Indemnitee, pursuant to this Section 7, seeks a judicial adjudication of his rights under, or to recover
damages for breach of, this Agreement, or to recover under any directors’ and officers’ liability insurance policies maintained
by the Company, the Company shall pay on his behalf, in advance, any and all expenses (of the types described in the definition of Expenses
in Section 13 of this Agreement) actually and reasonably incurred by him in such judicial adjudication, regardless of whether Indemnitee
ultimately is determined to be entitled to such indemnification, advancement of expenses or insurance recovery.

 

(e)               The
Company shall be precluded from asserting in any judicial proceeding commenced pursuant to this Section 7 that the procedures
and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court that the Company is
bound by all the provisions of this Agreement. The Company shall indemnify Indemnitee against any and all Expenses and, if requested
by Indemnitee, shall (within ten (10) days after receipt by the Company of a written request therefore) advance, to the extent not
prohibited by law, such expenses to Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee
for indemnification or advance of Expenses from the Company under this Agreement or under any directors’ and officers’
liability insurance policies maintained by the Company, regardless of whether Indemnitee ultimately is determined to be entitled to
such indemnification, advancement of Expenses or insurance recovery, as the case may be.

 

(f)               
Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement to indemnification under this Agreement
shall be required to be made prior to the final disposition of the Proceeding.

 

    8 

     

    

 

8.              Non-Exclusivity; Survival of Rights; Insurance; Primacy of Indemnification; Subrogation.

 

(a)              
The rights of indemnification as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee
may at any time be entitled under applicable law, the Certificate of Incorporation, the Bylaws, any agreement, a vote of stockholders,
a resolution of directors or otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or
restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his Corporate Status
prior to such amendment, alteration or repeal. To the extent that a change in the DGCL, whether by statute or judicial decision, permits
greater indemnification than would be afforded currently under the Bylaws and this Agreement, it is the intent of the parties hereto that
Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy herein conferred is intended
to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right
and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or
remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy.

 

(b)              
To the extent that the Company maintains an insurance policy or policies providing liability insurance for directors, officers,
employees, or agents or fiduciaries of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan
or other enterprise that such person serves at the request of the Company, Indemnitee shall be covered by such policy or policies in accordance
with its or their terms to the maximum extent of the coverage available for any director, officer, employee, agent or fiduciary under
such policy or policies. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has director
and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers
in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action
to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding in accordance with the
terms of such policies.

 

(c)              
In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights
of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including execution
of such documents as are necessary to enable the Company to bring suit to enforce such rights.

 

(d)               The
Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if and to the
extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or
otherwise.

 

(e)              
The Company’s obligation to indemnify or advance Expenses hereunder to Indemnitee who is or was serving at the request of
the Company as a director, officer, employee or agent of any other corporation, partnership, joint venture, trust, employee benefit plan
or other enterprise shall be reduced by any amount Indemnitee has actually received as indemnification or advancement of expenses from
such other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise.

 

    9 

     

    

 

9.              Exception
to Right of Indemnification. Notwithstanding any provision in this Agreement, the Company shall not be obligated under this Agreement
to make any indemnity in connection with any claim made against Indemnitee:

 

(a)              
for which payment has actually been made to or on behalf of Indemnitee under any insurance policy or other indemnity provision,
except with respect to any excess beyond the amount paid under any insurance policy or other indemnity provision; or

 

(b)              
for an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company
within the meaning of Section 16(b) of the Securities Exchange Act of 1934, as amended, or similar provisions of state statutory law or
common law; or

 

(c)              
in connection with any Proceeding (or any part of any Proceeding) initiated by Indemnitee, including any Proceeding (or any part
of any Proceeding) initiated by Indemnitee against the Company or its directors, officers, employees or other indemnitees, unless (i)
the Board of Directors of the Company authorized the Proceeding (or any part of any Proceeding) prior to its initiation or (ii) the Company
provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law.

 

10.            Duration of Agreement. All agreements and obligations of the Company contained herein shall continue during the period Indemnitee
is an officer or director of the Company (or is or was serving at the request of the Company as a director, officer, employee or agent
of another corporation, partnership, joint venture, trust or other enterprise) and shall continue thereafter so with respect to any Proceeding
(or any proceeding commenced under Section 7 hereof) by reason of his Corporate Status, whether or not he is acting or serving
in any such capacity at the time any liability or expense is incurred for which indemnification can be provided under this Agreement.
This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors
(including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business
or assets of the Company), assigns, spouses, heirs, executors and personal and legal representatives.

 

11.            Security.
To the extent requested by Indemnitee and approved by the Board of Directors of the Company, the Company may at any time and from
time to time provide security to Indemnitee for the Company’s obligations hereunder through an irrevocable bank line of
credit, funded trust or other collateral. Any such security, once provided to Indemnitee, may not be revoked or released without the
prior written consent of the Indemnitee.

 

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12.            Enforcement.

 

(a)              
The Company expressly confirms and agrees that it has entered into this Agreement and assumes the obligations imposed on it hereby
in order to induce Indemnitee to serve as an officer or director of the Company, and the Company acknowledges that Indemnitee is relying
upon this Agreement in serving as an officer or director of the Company.

 

(b)              
This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes
all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof.

 

13.            Definitions. For purposes of this Agreement:

 

(a)              
“Corporate Status” describes the status of a person who is or was a director (or a person entitled to designate
a director), officer, employee, agent or fiduciary of the Company or of any other corporation, partnership, joint venture, trust, employee
benefit plan or other enterprise that such person is or was serving at the express written request of the Company.

 

(b)              
“Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding in
respect of which indemnification is sought by Indemnitee.

 

(c)              
“Enterprise” means the Company and any other corporation, partnership, joint venture, trust, employee benefit
plan or other enterprise that Indemnitee is or was serving at the express written request of the Company as a director, officer, employee,
agent or fiduciary.

 

(d)              
“Expenses” shall include all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees
of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service
fees and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to
prosecute or defend, investigating, participating, or being or preparing to be a witness in a Proceeding, or responding to, or objecting
to, a request to provide discovery in any Proceeding. Expenses also shall include Expenses incurred in connection with any appeal resulting
from any Proceeding and any federal, state, local or foreign taxes imposed on the Indemnitee as a result of the actual or deemed receipt
of any payments under this Agreement, including without limitation the premium, security for, and other costs relating to any cost bond,
supersede as bond, or other appeal bond or its equivalent. Expenses, however, shall not include amounts paid in settlement by Indemnitee
or the amount of judgments or fines against Indemnitee.

 

(e)               “Independent
Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither
presently is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material to
either such party (other than with respect to matters concerning Indemnitee under this Agreement, or of other indemnitees under
similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder.
Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable
standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or
Indemnitee in an action to determine Indemnitee’s rights under this Agreement. The Company agrees to pay the reasonable fees
of the Independent Counsel referred to above and to fully indemnify such counsel against any and all Expenses, claims, liabilities
and damages arising out of or relating to this Agreement or its engagement pursuant hereto.

 

    11 

     

    

 

(f)               
“Proceeding” includes any threatened, pending or completed action, suit, arbitration, alternate dispute resolution
mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought by
or in the right of the Company or otherwise and whether civil, criminal, administrative or investigative, in which Indemnitee was, is
or will be involved as a party or otherwise, by reason of the fact that Indemnitee is or was an officer or director of the Company (or
designated a director), by reason of any action taken by him or of any inaction on his part while acting as an officer or director of
the Company, or by reason of the fact that he is or was serving at the request of the Company as a director, officer, employee, agent
or fiduciary of another corporation, partnership, joint venture, trust or other Enterprise; in each case whether or not he is acting or
serving in any such capacity at the time any liability or expense is incurred for which indemnification can be provided under this Agreement;
including one pending on or before the date of this Agreement, but excluding one initiated by an Indemnitee pursuant to Section 7
of this Agreement to enforce his rights under this Agreement.

 

14.            Severability.
The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other provision.
Without limiting the generality of the foregoing, this Agreement is intended to confer upon Indemnitee indemnification rights to the
fullest extent permitted by applicable laws. In the event any provision hereof conflicts with any applicable law, such provision shall
be deemed modified, consistent with the aforementioned intent, to the extent necessary to resolve such conflict.

 

15.            Modification and Waiver. No supplement, modification, termination or amendment of this Agreement shall be binding unless
executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute
a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

 

16.            Notice
By Indemnitee. Indemnitee agrees promptly to notify the Company in writing upon being served with or otherwise receiving any summons,
citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to
indemnification covered hereunder. The failure to so notify the Company shall not relieve the Company of any obligation which it may
have to Indemnitee under this Agreement or otherwise unless and only to the extent that such failure or delay materially prejudices the
Company.

 

    12 

     

    

 

17.            Notices.
All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given:
(a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent during normal
business hours of the recipient, and if not so confirmed, then on the next business day, (c) five (5) days after having been sent by
registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally recognized
overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent:

 

(a)           To Indemnitee at the address set forth below Indemnitee signature hereto.

 

(b)           To
the Company at:

 

CompoSecure, Inc.

309 Pierce Street

Somerset, New Jersey 08873

Attention: Chief Executive Officer

 

or to such other address as may have been furnished
to Indemnitee by the Company or to the Company by Indemnitee, as the case may be.

 

18.            Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same Agreement. This Agreement may also be executed and delivered by facsimile signature and in two or more counterparts,
each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

19.            Headings. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to
constitute part of this Agreement or to affect the construction thereof.

 

20.            Governing
Law and Consent to Jurisdiction. This Agreement and the legal relations among the parties shall be governed by, and construed and
enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. The Company and Indemnitee
hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement shall
be brought only in the Chancery Court of the State of Delaware (the “Delaware Court”), and not in any other state
or federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction
of the Delaware Court for purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) waive any objection
to the laying of venue of any such action or proceeding in the Delaware Court, and (iv) waive, and agree not to plead or to make, any
claim that any such action or proceeding brought in the Delaware Court has been brought in an improper or inconvenient forum.

 

SIGNATURE PAGE TO FOLLOW

 

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IN WITNESS WHEREOF, the parties
hereto have executed this Indemnification Agreement on and as of the day and year first above written.

 

	 	COMPOSECURE, INC.
	 	 
	 	By:	                       
	 	Name:
	 	Title:
	 	 	 
	 	INDEMNITEE
	 	 
	 	 
	 	Name:
	 	 
	 	Address:
	 	 
	 	c/o CompoSecure, Inc.
	 	309 Pierce Street
	 	Somerset, New Jersey 08873

 

    14

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