Document:

Exhibit 10.2

 

EXECUTION VERSION

 

 

GSO
CAPITAL PARTNERS LP

345
Park Avenue, 31st Floor

New
York, NY 10154

 

January
23, 2020

 

Boxwood
Merger Corp.

Atlas
TC Holdings LLC

8801
Calera Dr.

Austin,
TX 78735

Attn:
Steven Kadenacy

 

	Re:	Project
Atlas

 

Closing
Payment Letter

 

Ladies
and Gentlemen:

 

Reference
is made to that certain Commitment Letter, dated January 23, 2020, and each of the Exhibits attached thereto (the “Commitment
Letter”), addressed to you, Boxwood Merger Corp., a Delaware corporation (the “SPAC”), from GSO Capital
Partners LP (together with its affiliates and funds and accounts managed or advised by it, “GSO,” “we”
and “us”), and relating to your intended acquisition (the “Acquisition”), through Atlas
TC Buyer LLC, a newly formed Delaware limited liability company controlled by you and a wholly-owned subsidiary of Atlas TC Holdings
LLC, a Delaware limited liability company controlled by you (“Holdings”, and together with the SPAC, “you”),
of all of the outstanding equity interests of Atlas Intermediate Holdings LLC, a Delaware limited liability company (the “Target”),
and to consummate the other transactions contemplated in the Transaction Summary attached to the Commitment Letter as Exhibit
A thereto. Defined terms used herein but not otherwise defined herein shall have the meaning set forth in the Commitment Letter.
This letter agreement (this “Closing Payment Letter”) is the Closing Payment Letter referred to in the Commitment
Letter.

 

In
consideration for the Commitments made by GSO in connection with the Equity Financing, Holdings hereby agrees to pay (or to cause
to be paid) to GSO, for its own account or as may be allocated by GSO as set forth below, a closing payment (the “Closing
Payment”) in an amount equal to 2% of the aggregate amount of the Liquidation Preference of Preferred Units purchased
by GSO on the Closing Date (which Closing Payment shall be in the form of original issue discount on such Preferred Units). The
Closing Payment shall be fully earned, due and payable on, and subject to the Closing Date of the Transactions and shall be paid
by funding the proceeds of the Commitments to be made by GSO pursuant to the Commitment Letter net of the Closing Payment.

 

You
agree that, once paid, the fees described herein or any part hereof payable hereunder will not be refundable under any circumstances.
All fees payable hereunder will be paid in immediately available funds and shall not be subject to reduction by way of setoff
or counterclaim. You agree that we may, in our sole discretion, share all or a portion of any of the fees payable pursuant to
this Closing Payment Letter with any of our respective affiliates, funds, certain private funds or separate accounts that we manage
or advise.

 

     

     

    

 

You
further agree that, for a period of 12 months from the date hereof (such period, the “Exclusivity Period”),
in the event that you or any of your controlled affiliates consummates any transaction, other than the currently contemplated
Acquisition, that results in the acquisition of all or substantially all of the equity securities or assets of the Target and
its subsidiaries by you or your controlled affiliates (any such transaction being called an “Alternate Transaction”)
and another institution proposes to provide equity or debt financing in lieu of the Equity Financing provided by GSO and its affiliates
(the “Alternate Transaction Facilities”), you agree to provide GSO (if GSO is willing to provide such Alternate
Transaction Facilities at the time of such Alternate Transaction) a reasonable opportunity to provide such Alternate Transaction
Facilities on substantially the same terms and conditions set forth in the Commitment Letter and on substantially the same economic
terms set forth in this Closing Payment Letter (the “GSO Alternate Transaction Financing”). You agree and acknowledge
that, in connection with the consummation of the Alternate Transaction, to the extent GSO is willing to provide the GSO Alternate
Transaction Financing, the Issuers shall consummate the GSO Alternate Transaction Financing. In enforcing its rights hereunder,
the parties hereto acknowledge that GSO will be entitled to seek from a court of competent jurisdiction any form of equitable
relief, including, without limitation, injunctive relief as well as the right to pursue any and all other rights and remedies
(and recover any and all damages) that may be available at law or in equity (and in connection with the grant of any equitable
relief to GSO by a court of competent jurisdiction, the parties hereto acknowledge that GSO will not be required to post any bond
or other security). The agreements in this paragraph shall remain in effect notwithstanding the termination of the Commitment
Letter and shall terminate upon the termination of the Exclusivity Period.

 

You
further agree that GSO shall receive 1,200,000 founder shares. The number of founder shares to be transferred as described herein
is based on a Common Stock issuance price of $10.00 per share. To the extent that Common Stock is issued at a price below $10.00,
the number of founder shares to be transferred to GSO will be subject to an anti-dilution adjustment. For the avoidance of doubt,
the transfer of founder shares to any person in connection with their acquisition or non-redemption of Common Stock shall not
be taken into account when determining the issue price of such Common Stock. The founder shares shall be subject to the lock-up
provisions set forth in that Letter Agreement, dated November 15, 2019, among the SPAC, Boxwood Sponsor, LLC and the other signatories
thereto.

 

It
is also understood that this Closing Payment Letter shall not constitute or give rise to any obligation to provide or arrange
any financing, and any such an obligation will arise only under the Commitment Letter if it becomes effective in accordance with
its terms.

 

Notwithstanding
anything herein to the contrary, each of the parties hereto acknowledges that SPAC has established the Trust Account for the benefit
of its public stockholders, which holds proceeds of its initial public offering. For and in consideration of SPAC entering into
this Agreement and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, GSO,
for itself and for all Purchasers and Related Persons it has the authority to bind, hereby agrees that it does not now and shall
not at any time hereafter have any right, title, interest or claim of any kind in or to any assets in the Trust Account (or distributions
therefrom to SPAC’s public stockholders), and hereby waives any claims it has or may have at any time against or with respect
to the Trust Account (or distributions therefrom to SPAC’s public stockholders) as a result of, or arising out of, any discussions,
contracts or agreements (including this Commitment Letter) among SPAC, Holdings or GSO and will not seek recourse against the
Trust Account (or distributions therefrom to SPAC’s public stockholders) for any reason whatsoever.

 

This
Closing Payment Letter shall constitute a part of the Equity Financing Documentation for all purposes under the Commitment Letter.
This Closing Payment Letter may not be amended or any provision hereof waived or modified except by an instrument in writing signed
by the parties hereto. This Closing Payment Letter may not be assigned by any party without the consent of the other party. This
Closing Payment Letter may be executed in any number of counterparts, each of which shall be an original and all of which, when
taken together, shall constitute one agreement. Delivery of an executed counterpart of a signature page of this Closing Payment
Letter by facsimile or other electronic transmission shall be effective as delivery of a manually executed counterpart of this
Closing Payment Letter. This Closing Payment Letter is strictly confidential and may not be shared by you with any other person
unless required by law or consented to by the other parties hereto. This Closing Payment Letter agreement shall be governed
by, and construed in accordance with, the laws of the State of New York. ANY RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY CLAIM
OR ACTION ARISING OUT OF THIS CLOSING PAYMENT LETTER OR CONDUCT IN CONNECTION WITH THIS CLOSING PAYMENT LETTER IS HEREBY WAIVED.

 

[SIGNATURE
PAGES TO FOLLOW]

 

    2

     

    

 

	 	GSO CAPITAL PARTNERS LP 
	 	 
	 	By	/s/ Marisa Beeney
	 	 	Name: Marisa Beeney
	 	 	Title: Authorized Signatory

 

[Signature
Page to Closing Payment Letter]

 

    3

     

    

 

	Agreed and accepted to as of the
    date first written above:
	 	 
	BOXWOOD
    MERGER CORP.	 
	 	 
	By	/s/
    Stephen M. Kadenacy	 
	 	Name: 	Stephen M. Kadenacy	 
	 	Title: 	Chief Executive Officer	 
	 	 	 
	ATLAS
    TC HOLDINGS LLC	 
	 	 
	By	/s/
    Stephen M. Kadenacy	 
	 	Name: 	Stephen M. Kadenacy	 
	 	Title: 	Chief Executive Officer	 

 

[Signature
Page to Closing Payment Letter]

 

 

4Exhibit 10.3

 

Execution Version

 

AMENDMENT NO. 1 TO 

UNIT PURCHASE AGREEMENT

 

This Amendment No.
1 to Unit Purchase Agreement (this “Amendment”), dated as of January 23, 2020, is entered into by and among
(i) Boxwood Merger Corp., a Delaware corporation (“Parent”), (ii) Atlas TC Holdings LLC, a Delaware limited
liability company (“Holdings”), (iii) Atlas TC Buyer LLC, a Delaware limited liability company (“Buyer”),
(iv) Atlas Intermediate Holdings LLC, a Delaware limited liability company (the “Company”) and (v) Atlas Technical
Consultants Holdings LP, a Delaware limited partnership (“Seller”). Capitalized terms used but not defined herein
shall have the meanings ascribed to them in the Agreement (as defined below).

 

W I T N E S S E T H:

 

WHEREAS, Parent,
Holdings, Buyer, the Company and Seller are parties to that certain Unit Purchase Agreement, dated as of August 12, 2019 (the “Agreement”);
and

 

WHEREAS, the
parties desire to amend the Agreement as set forth herein to memorialize certain agreements reached by the parties.

 

NOW THEREFORE,
in consideration of the premises and agreements herein contained, and for other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties agree as follows:

 

SECTION 1.01.Amendments.

 

(a) A
new definition of “Available Equity Proceeds Condition” is hereby added to Section 1.1 of the Agreement as follows:

 

“Available
Equity Proceeds Condition” means that the sum of (a) the cash available to be released from the Trust Account (for avoidance
of doubt, after taking into account the Parent Stock Redemption) plus (b) the aggregate net proceeds of any investment in
Equity Interests of the Buyer Group by the Equity Financing Sources, other than those proceeds received for the issuance of Preferred
Units to GSO, is greater than or equal to $50,000,000.

 

(b) The
definition of “Common Stock Price” in Section 1.1 of the Agreement is hereby amended and restated in its entirety to
read as follows:

 

“Common
Stock Price” means $10.00, subject to reduction to an amount equal to the lesser of (a) the lowest gross purchase
price per share of Parent Shares purchased by any Equity Financing Source in the Financing (less any original issue discounts,
issue fees or similar) and (b) the lowest gross purchase price per share (after taking into account any exercise price, strike
price or similar amount) of Parent Shares under any securities convertible into, or any rights, warrants or options to acquire
such Parent Shares, purchased by any Equity Financing Source in the Financing (less any original issue discounts, issue fees or
similar); provided, that the foregoing clauses (a) and (b) (i) shall not include the gross purchase price
of any shares transferred from any Sponsor to any Equity Financing Source, (ii) shall not include the gross purchase price of the
Preferred Units of Holdings to be issued pursuant to the terms of the GSO Commitment Letter and (iii) shall not include the gross
purchase price of any Equity Interests purchased by any Equity Financing Source in a transaction and at a gross purchase price
with respect to which Seller has provided its prior written consent in its sole discretion.

 

     

     

    

 

(c) The
definition of “Equity Financing Sources” in Section 1.1 of the Agreement is hereby amended and restated in its entirety
to read as follows:

 

“Equity
Financing Sources” means the Persons that have committed to provide or otherwise entered into agreements in connection
with the Cash Equity for the transactions contemplated by this Agreement, including GSO and the parties named in any Subscription
Agreement, together with their current or future limited partners, shareholders, managers, members, controlling Persons, respective
Affiliates and their respective Affiliates and representatives involved in the Cash Equity and, in each case, their respective
successors and assigns.

 

(d) The
definition of “Equity Investor” in Section 1.1 of the Agreement is hereby amended and restated in its entirety to read
as follows:

 

“Equity
Investor” means GSO and any Person that has executed a Subscription Agreement.

 

(e) A
new definition of “Forfeiture Agreement” is hereby added to Section 1.1 of the Agreement:

 

“Forfeiture
Agreement” means that certain Forfeiture Agreement, dated as of January 23, 2020, by and between Boxwood Sponsor LLC
and Seller, as amended or modified from time to time.

 

(f) A
new definition of “GSO” is hereby added to Section 1.1 of the Agreement as follows:

 

“GSO”
means GSO Capital Partners LP, a Delaware limited partnership.

 

(g) A
new definition of “GSO Commitment” is hereby added to Section 1.1 of the Agreement as follows:

 

“GSO
Commitment” means the commitment of GSO to acquire Preferred Units and Parent Shares pursuant to the GSO Commitment Letter.

 

(h) A
new definition of “GSO Commitment Letter” is hereby added to Section 1.1 of the Agreement as follows:

 

“GSO
Commitment Letter” means that certain (a) Commitment Letter, dated, January 23, 2020, among GSO, Parent and Holdings,
with respect to GSO’s purchase of the Preferred Units and Parent Shares and (b) Closing Payment Letter, dated, January 23,
2020, among GSO, Parent and Holdings.

 

    2

     

    

 

(i) A
new definition of “Long Engineering Purchase Agreement” is hereby added to Section 1.1 of the Agreement as follows:

 

“Long
Engineering Purchase Agreement” means that certain Equity Purchase Agreement, dated as of November 20, 2019, by and among
Atlas Technical Consultants, LLC, Long Engineering, Inc., Long Eng Holdings, Inc. and the other parties thereto.

 

(j) A
new definition of “Preferred Units” is hereby added to Section 1.1 of the Agreement as follows:

 

“Preferred
Units” means the Series A Senior Preferred Units of Holdings to be issued to GSO pursuant to the terms of the GSO Commitment
Letter.

 

(k) The
definition of “Rolled Unit Value” in Section 1.1 of the Agreement is hereby amended and restated in its entirety to
read as follows:

 

“Rolled
Unit Value” equals the Enterprise Value minus (a) the sum of (i) the aggregate net proceeds received by the Buyer
Group from any Indebtedness for Borrowed Money from Debt Financing Sources minus (ii) $10,500,000 (such Indebtedness, for
avoidance of doubt, to be used to fund the transactions contemplated by the Long Engineering Purchase Agreement as contemplated
by Section 6.1(d)(iii)(4)), minus (b) the aggregate net proceeds of any investment in Buyer Group by the Equity Financing
Sources, minus (c) the amount of funds remaining in the Trust Account following the Parent Stock Redemption, plus
(d) any expenses described in clause (c) of the definition of Available Closing Date Equity to the extent actually paid
in connection with the Closing; provided, that the “Rolled Unit Value” shall not be less than $120,000,000;
provided, further, that the foregoing clauses (a), (b) and (c) shall include only amounts of
funds actually used to pay the Initial Purchase Price to Seller pursuant to Section 2.6(c)(vii)(B), repay any Indebtedness
for Borrowed Money pursuant to Section 2.6(c)(vii)(K), pay any unpaid Transaction Expenses pursuant to Section 2.6(c)(vii)(J),
pay any expenses described in clause (c) of the definition of Available Closing Date Equity to the extent actually paid
in connection with the Closing or which otherwise reduces the amount of net proceeds of Indebtedness For Borrowed Money from Debt
Financing Sources pursuant to Section 6.1(d)(iii).

 

(l) The
definition of “Rolled Units” in Section 1.1 of the Agreement is hereby amended by adding the following proviso to the
end of the definition:

 

“; provided,
that if, and only if, the Available Equity Proceeds Condition is not satisfied, then the amount of “Rolled Units”
shall be increased by 1,750,000 Units”.

 

    3

     

    

 

(m) The
definition of “Rollover Class B Stock” in Section 1.1 of the Agreement is hereby amended by adding the following proviso
to the end of the definition:

 

“; provided,
that if, and only if, the Available Equity Proceeds Condition is not satisfied, then the amount of “Rollover Class B Stock”
shall be increased by 1,750,000 shares of Class B Common Stock”.

 

(n)The table of
defined terms set forth in Section 1.2 of the Agreement is hereby amended to add “Director Nomination AgreementSection
2.6(b)(v)(H)” after “Definitive Debt AgreementSection 6.17(b)”.

 

(o) Section
2.6(b)(iv) of the Agreement is hereby amended by replacing “$297,000,000” with “$247,000,000”.

 

(p) Section
2.6(b)(v)(C) of the Agreement is hereby amended and restated in its entirety as follows:

 

(C)
Seller shall deliver to Parent the Amended and Restated Limited Liability Company Agreement of Holdings in the form attached
hereto as Exhibit D (which shall be updated to include the terms of the Preferred Units) and effective as of the
Closing Date (the “A&R LLC Agreement”), duly executed by Seller;

 

(q) Section
2.6(b)(vii) of the Agreement is hereby amended by replacing “$100,000,000” with “$152,000,000”.

 

(r) Section
2.6(c)(iii) of the Agreement is hereby amended and restated in its entirety to read as follows:

 

(iii) Stockholder
Support Agreement and Forfeiture Agreement. Each of the covenants of each Sponsor required under such Sponsor’s
Stockholder Support Agreement to be performed as of or prior to the Closing shall have been performed in all material
respects and each of the covenants of Boxwood Sponsor LLC required under the Forfeiture Agreement to be performed as of or
prior to the Closing shall have been performed in all material respects.

 

(s) Section
2.6(c)(vi) of the Agreement is hereby amended by replacing “$197,000,000” with “$247,000,000”.

 

(t) A
new Section 2.6(c)(viii) is hereby added to the Agreement as follows:

 

(viii) GSO
Definitive Documents. The terms of the definitive documents relating to the transactions contemplated by the GSO
Commitment Letter, including the issuance of Preferred Units and Parent Shares to GSO, including the subscription agreement,
A&R LLC Agreement (updated as contemplated by Section 2.6(b)(v)(C)), registration rights agreement and any other
documents executed in connection therewith, shall be no more favorable, individually or in the aggregate, to GSO, and no more
adverse, individually or in the aggregate, to Seller, the Atlas Group or, after the Closing, the Buyer Group, than those set
forth in the GSO Commitment Letter.

 

    4

     

    

 

(u) Section
5.2(a) of the Agreement is hereby amended and restated in its entirety to read as follows:

 

(a) Schedule 5.2(a)
sets forth, with respect to each member of the Buyer Group and any Subsidiaries thereof, (i) its name and jurisdiction of
organization, (ii) its form of organization and (iii) (A) as of the date hereof, the Equity Interests issued by Parent and
the record ownership thereof (other than with respect to the record and beneficial ownership of the Class A Common Stock of
Parent and any Warrants issued in connection with the issuance of such Class A Common Stock of Parent), (B) as of the date
hereof, the Equity Interests issued by Holdings and the record ownership thereof and (C) the Equity Interests issued by each
other member of the Buyer Group and the record ownership thereof.

 

(v) Section
6.1(d)(iii) of the Agreement is hereby amended and restated in its entirety to read as follows:

 

(iii)
immediately after the actions in clause (ii) above, at the Closing, subject to this Agreement and the Trust Agreement,
disburse all remaining amounts then available in the Trust Account and the proceeds of the Financing (together, the
“Closing Available Cash”) for the following purposes and in the following order of priority (to the extent
of such Closing Available Cash): (1) the repayment of the Indebtedness for Borrowed Money pursuant to Section
2.6(c)(vii)(K), (2) the payment of the Estimated Transaction Expenses pursuant to Section 2.6(c)(vii)(J), (3) the
payment of any expenses described in clause (c) of the definition of Available Closing Date Equity to the extent
actually due and payable in connection with the Closing (without duplication of the payment of the Deferred Discount pursuant
to the foregoing clause (ii)), (4) up to $10,500,000 for immediate use by Holdings, Buyer, the Company or one of its
Subsidiaries in connection with the transactions contemplated by the Long Engineering Purchase Agreement (and shall be
deposited into one or more accounts of Parent, the Company or more of its Subsidiaries (as determined by Parent), (5) the
payment to Seller, as part of the Initial Purchase Price pursuant to Section 2.6(c)(vii)(B), until the Rolled Unit
Value is equal to $120,000,000 and (6) to either further reduce the total amount of Indebtedness For Borrowed Money of the
Buyer Group from all Debt Financing Sources, reduce the number of Preferred Units to be issued to GSO (and the
corresponding proceeds to be received from such issuance) in accordance with the terms of the GSO Commitment Letter or reduce
a combination of both the amount of Indebtedness for Borrowed Money of the Buyer Group from all Debt Financing Sources and
the number of Preferred Units to be issued to GSO (and the corresponding proceeds to be received from such issuance) in
accordance with the terms of the GSO Commitment Letter, the balance of the Closing Available Cash, if any, after payment of
the amounts required under the foregoing clauses (1) through (5).

 

(w) Section
6.10(d) of the Agreement is hereby amended and restated in its entirety to read as follows:

 

(d)
Notwithstanding anything to the contrary in this Section 6.10, nothing in this Section 6.10 shall limit,
modify, restrict, operate as a waiver with respect to or otherwise affect, any rights any party may have under this Agreement
or any agreement entered into in connection herewith (including the Director Nomination Agreement, Sponsor Voting Agreement,
Sponsor Lock-Up Agreement, Stockholder Support Agreement, the Forfeiture Agreement, Registration Rights Agreement or the
A&R LLC Agreement).

 

    5

     

    

 

(x) A
new Section 6.23 is hereby added to the Agreement as follows:

 

Cancellation
of Class F Common Stock. Pursuant to the terms of and as further specified
in the Forfeiture Agreement, immediately prior to the Closing, if, and only if, the Available Equity Proceeds Condition is not
or will not be satisfied at Closing, then Parent and Boxwood Sponsor LLC shall irrevocably cause to be terminated, forfeited and
cancelled, for no consideration and without further right, obligation or liability of any kind or nature on the part of the Buyer
Group, Sponsors, Seller or the Company, 1,750,000 shares of Class F Common Stock. For avoidance of doubt, if the Available Equity
Proceeds Condition is met, then this Section 6.23 shall be of no effect and the termination, forfeit and cancellation of
1,750,000 shares of Class F Common Stock contemplated by this Section 6.23 shall not occur.

 

(y) Section
8.2 of the Agreement is hereby amended by replacing “Bldg. A, Suite 260” with “Bldg. B, Suite 230”.

 

(z) Section
8.6 of the Agreement is hereby amended and restated in its entirety to read as follows:

 

Entire
Agreemen. This Agreement and the agreements and documents referred to herein, including the Stockholder Support Agreement
and the Forfeiture Agreement, contain the entire agreement and understanding between the Parties with respect to the subject matter
hereof and supersede all prior agreements and understandings, whether written or oral, relating to such subject matter in any
way. The Parties have voluntarily agreed to define their rights, Liabilities and obligations with respect to the transactions
contemplated hereby exclusively in Contract pursuant to the express terms and provisions of this Agreement, and the Parties expressly
disclaim that they are owed any duties or are entitled to any remedies not expressly set forth in this Agreement. Furthermore,
this Agreement embodies the justifiable expectations of sophisticated parties derived from arm’s-length negotiations and
no Person has any special relationship with another Person that would justify any expectation beyond that of an ordinary buyer
and an ordinary seller in an arm’s-length transaction.

 

(aa)Exhibit D of the Agreement is hereby
amended and restated in its entirety in the form attached hereto as Annex I.

 

SECTION 1.02.Authorization.
Each party hereby represents to the other parties hereto that this Amendment has been duly authorized, executed and delivered by
such party in accordance with Section 8.1 of the Agreement and constitutes a valid and binding obligation of such party enforceable
against such party in accordance with its terms. The parties hereby consent to and approve this amendment for all purposes of the
Agreement.

 

SECTION 1.03.Miscellaneous.

 

(a) After
giving effect to this Amendment, references in (x) the Agreement, (y) the Schedules to the Agreement and (z) each ancillary agreement
to the Agreement to “this Agreement”, “the Agreement”, the “Unit Purchase Agreement”, “hereof”,
“hereunder” or words of like import referring to the Agreement shall be deemed to refer to the Agreement as amended
by this Amendment, in each case, unless the context otherwise requires.

 

    6

     

    

 

(b) Except
as amended hereby, the Agreement shall remain in full force and effect. Nothing herein shall affect, modify or limit any waiver
or consent granted by any party pursuant to the Agreement.

 

(c) This
Amendment may be executed in counterparts which together shall constitute a single agreement.

 

(d) This
Amendment shall be governed by, and construed in accordance with, the Laws of the State of Delaware, without giving effect to principles
or rules of conflict of laws to the extent such principles or rules would require or permit the application of Laws of another
jurisdiction.

 

[Signature pages follow.]

 

    7

     

    

 

IN WITNESS WHEREOF, the parties have
hereunto caused this Amendment to be duly executed as of the date hereof.

 

	 	BOXWOOD MERGER CORP.
	 	 	 	 
	 	By:	/s/ Stephen M. Kadenacy
	 	 	Name: 	Stephen M. Kadenacy
	 	 	Title:	Chief Executive Officer
	 	 	 	 
	 	ATLAS TC HOLDINGS LLC
	 	 	 	 
	 	By:	/s/ Stephen M. Kadenacy
	 	 	Name:	Stephen M. Kadenacy
	 	 	Title:  	Chief Executive Officer
	 	 	 	 
	 	ATLAS TC BUYER LLC
	 	 	 	 
	 	By:	/s/ Stephen M. Kadenacy
	 	 	Name:	Stephen M. Kadenacy
	 	 	Title:  	Chief Executive Officer

 

[Signature Page to Amendment No. 1 to Unit
Purchase Agreement]

 

     

     

    

 

	 	ATLAS INTERMEDIATE HOLDINGS LLC
	 	 	 	 
	 	By: Atlas Technical Consultants Holdings LP
	 	Its:  Sole Member
	 	 	 	 
	 	By:  Atlas Technical Consultants Holdings GP LLC
	 	Its:  General Partner
	 	 	 	 
	 	By:	/s/ L. Joe Boyer
	 	 	Name: 	L. Joe Boyer
	 	 	Title:  	Chief Executive Officer
	 	 	 	 
	 	ATLAS TECHNICAL CONSULTANTS HOLDINGS LP
	 	 	 	 
	 	By: Atlas Technical Consultants Holdings GP LLC
	 	Its:  General Partner
	 	 	 	 
	 	By:	/s/ L. Joe Boyer
	 	 	Name:	L. Joe Boyer
	 	 	Title:  	Chief Executive Officer

 

[Signature Page to Amendment No. 1 to Unit
Purchase Agreement]

 

     

     

    

 

ANNEX I

 

FORM OF A&R LLC AGREEMENT

 

(see attached)

 

[Annex I to Amendment No. 1 to Unit Purchase
Agreement]

 

     

     

    

 

 

 

 

 

 

 

FORM OF AMENDED AND RESTATED

 

LIMITED LIABILITY COMPANY AGREEMENT

 

OF

 

ATLAS TC HOLDINGS LLC

 

DATED AS OF [●], 2020

 

 

 

THE LIMITED LIABILITY COMPANY INTERESTS
IN ATLAS TC HOLDINGS LLC HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, THE SECURITIES LAWS OF ANY
STATE, OR ANY OTHER APPLICABLE SECURITIES LAWS, AND HAVE BEEN OR ARE BEING ISSUED IN RELIANCE UPON EXEMPTIONS FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND SUCH LAWS. SUCH INTERESTS MUST BE ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE OFFERED FOR
SALE, PLEDGED, HYPOTHECATED, SOLD, ASSIGNED OR TRANSFERRED AT ANY TIME EXCEPT IN COMPLIANCE WITH (I) THE SECURITIES ACT, ANY APPLICABLE
SECURITIES LAWS OF ANY STATE AND ANY OTHER APPLICABLE SECURITIES LAWS; (II) THE TERMS AND CONDITIONS OF THIS AMENDED AND RESTATED
LIMITED LIABILITY COMPANY AGREEMENT; AND (III) ANY OTHER TERMS AND CONDITIONS AGREED TO IN WRITING BETWEEN THE MANAGING MEMBER
AND THE APPLICABLE MEMBER. THE LIMITED LIABILITY COMPANY INTERESTS MAY NOT BE TRANSFERRED OF RECORD EXCEPT IN COMPLIANCE WITH SUCH
LAWS, THIS AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT, AND ANY OTHER TERMS AND CONDITIONS AGREED TO IN WRITING BY
THE MANAGING MEMBER AND THE APPLICABLE MEMBER. THEREFORE, PURCHASERS AND OTHER TRANSFEREES OF SUCH LIMITED LIABILITY COMPANY INTERESTS
WILL BE REQUIRED TO BEAR THE RISK OF THEIR INVESTMENT OR ACQUISITION FOR AN INDEFINITE PERIOD OF TIME.

 

     

     

    

 

Table
of Contents

 

	 	 	Page
	Article I DEFINITIONS	2
	Section 1.1	Definitions	2
	Section 1.2	Interpretive Provisions	11
	 	 	 
	Article II ORGANIZATION OF THE LIMITED LIABILITY COMPANY	12
	Section 2.1	Formation	12
	Section 2.2	Filing	12
	Section 2.3	Name	12
	Section 2.4	Registered Office: Registered Agent	12
	Section 2.5	Principal Place of Business	12
	Section 2.6	Purpose: Powers	13
	Section 2.7	Term	13
	Section 2.8	Intent	13
	 	 	 
	Article III CLOSING TRANSACTIONS	13
	Section 3.1	Purchase Agreement Transactions	13
	 	 	 
	Article IV OWNERSHIP AND CAPITAL CONTRIBUTIONS; CAPITAL ACCOUNTS	13
	Section 4.1	Authorized Units; General Provisions with Respect to Units	13
	Section 4.2	Voting Rights	16
	Section 4.3	Capital Contributions: Unit Ownership	16
	Section 4.4	Capital Accounts	17
	Section 4.5	Other Matters	17
	Section 4.6	Redemption of Common Units	18
	Section 4.7	Representations and Warranties of the Members	23
	 	 	 
	Article V ALLOCATIONS OF PROFITS AND LOSSES	24
	Section 5.1	Profits and Losses	24
	Section 5.2	Special Allocations	24
	Section 5.3	Allocations for Tax Purposes in General	26
	Section 5.4	Other Allocation Rules	27
	 	 	 
	Article VI DISTRIBUTIONS	28
	Section 6.1	Distributions	28
	Section 6.2	Tax-Related Distributions	29
	Section 6.3	Distribution Upon Withdrawal	29
	 	 	 
	Article VII MANAGEMENT	29
	Section 7.1	Managing Member Rights; Fiduciary Duties	29
	Section 7.2	Officers	29
	Section 7.3	Warranted Reliance by Officers on Others	30
	Section 7.4	Indemnification.	31
	Section 7.5	Maintenance of Insurance or Other Financial Arrangements	32
	Section 7.6	Resignation or Termination of Managing Member	33

 

    i

     

    

 

Table
of Contents (cont'd)

 

	 	 	Page
	 	 	 
	Section 7.7	No Inconsistent Obligations	33
	Section 7.8	Reclassification Events of PubCo	33
	Section 7.9	Certain Costs and Expenses	34
	 	 	 
	Article VIII ROLE OF MEMBERS	34
	Section 8.1	Rights or Powers	34
	Section 8.2	Voting	34
	Section 8.3	Various Capacities	35
	Section 8.4	Investment Opportunities.	35
	 	 	 
	Article IX TRANSFERS OF INTERESTS	36
	Section 9.1	Restrictions on Transfer	36
	Section 9.2	Notice of Transfer	37
	Section 9.3	Transferee Members	37
	Section 9.4	Legend	38
	 	 	 
	Article X ACCOUNTING	38
	Section 10.1	Books of Account	38
	Section 10.2	Tax Elections	38
	Section 10.3	Tax Returns; Information	39
	Section 10.4	Company Representative	39
	Section 10.5	Withholding Tax Payments and Obligations	39
	 	 	 
	Article XI DISSOLUTION	40
	Section 11.1	Liquidating Events	40
	Section 11.2	Bankruptcy	41
	Section 11.3	Procedure	41
	Section 11.4	Rights of Members	42
	Section 11.5	Notices of Dissolution	42
	Section 11.6	Reasonable Time for Winding Up	42
	Section 11.7	No Deficit Restoration	42
	 	 	 
	Article XII GENERAL	43
	Section 12.1	Amendments; Waivers	43
	Section 12.2	Further Assurances	43
	Section 12.3	Successors and Assigns	43
	Section 12.4	Entire Agreement	43
	Section 12.5	Rights of Members Independent	44
	Section 12.6	Governing Law	44
	Section 12.7	Jurisdiction and Venue	44
	Section 12.8	Headings	44
	Section 12.9	Counterparts	44
	Section 12.10	Notices	45
	Section 12.11	Representation by Counsel; Interpretation	46
	Section 12.12	Severability	46
	Section 12.13	Expenses	46
	Section 12.14	Waiver of Jury Trial	46
	Section 12.15	No Third Party Beneficiaries	46
	Section 12.16	No Recourse	46

 

    ii

     

    

 

AMENDED AND RESTATED

 

LIMITED LIABILITY COMPANY AGREEMENT

 

OF

 

ATLAS TC HOLDINGS LLC

 

This AMENDED AND RESTATED
LIMITED LIABILITY COMPANY AGREEMENT (as amended, supplemented or restated from time to time, this “Agreement”)
of Atlas TC Holdings LLC, a Delaware limited liability company (the “Company”), is entered into as of
[●], 2020, by and among [Boxwood Merger Corp.], a Delaware corporation (“PubCo”), and each other
Person who is or at any time becomes a Member (each, a “Party” and collectively, the “Parties”)
in accordance with the terms of this Agreement and the Act. Capitalized terms used herein and not otherwise defined have the respective
meanings set forth in Section 1.1.

 

RECITALS

 

WHEREAS, the
Company was formed pursuant to a Certificate of Formation filed in the office of the Secretary of State of the State of Delaware
on July 30, 2019, and was originally governed by the Limited Liability Company Agreement of the Company, dated as of July 30, 2019,
2019 (the “Existing LLC Agreement”);

 

WHEREAS, prior
to giving effect to the transactions contemplated by the Purchase Agreement (as defined below), the Company was wholly owned by
Pubco;

 

WHEREAS, on
[●], 2020, the Company, PubCo and Atlas Technical Consultants Holdings LP, a Delaware limited partnership (“Atlas”)
entered into that certain Unit Purchase Agreement (as amended, modified or supplemented from time to time, the “Purchase
Agreement”), pursuant to which, among other things, Atlas transferred 100% of the Interests in Atlas Intermediate
Holdings LLC to Atlas TC Buyer LLC, a wholly owned subsidiary of the Company (“Buyer”), in exchange for
$[●], [●] shares of Class B Common Stock and [●] Common Units;

 

WHEREAS, as
of the Effective Time, Atlas and PubCo are the sole Members of the Company;

 

WHEREAS, the
Members desire to amend and restate the Existing LLC Agreement as of the Effective Date to reflect (a) the consummation of the
transactions contemplated by the Purchase Agreement, (b) PubCo’s designation as the sole managing Member of the Company (in
its capacity as managing Member as applicable, the “Managing Member”), and (c) the rights and obligations
of the Members that are enumerated and agreed upon in the terms of this Agreement effective as of the Effective Time;

 

WHEREAS, each
Common Unit (other than any Common Unit held by PubCo and its wholly owned Subsidiaries) may be redeemed, at the election of the
holder of such Common Unit (together with the surrender and delivery by such holder of one share of Class B Common Stock), for
one share of Class A Common Stock in accordance with the terms and conditions of this Agreement; and

 

WHEREAS, this
Agreement shall supersede the Existing LLC Agreement in its entirety as of the date hereof.

 

     

     

    

 

NOW THEREFORE,
in consideration of the mutual covenants and agreements contained herein, and other good and valuable consideration the receipt
and sufficiency of which are hereby acknowledged, and intending to be legally bound, the parties hereby agree as follows:

 

Article
I

DEFINITIONS

 

Section 1.1 Definitions.
As used in this Agreement and the Schedules and Exhibits attached to this Agreement, the following definitions shall apply:

 

“Act”
means the Delaware Limited Liability Company Act, 6 Del. C. § 18-101, et seq., as amended from time to time (or any corresponding
provisions of succeeding law).

 

“Action”
means any claim, action, suit, arbitration, inquiry, proceeding or investigation by or before any Governmental Entity.

 

“Adjusted
Basis” has the meaning given such term in Section 1011 of the Code.

 

“Adjusted
Capital Account Deficit” means the deficit balance, if any, in such Member’s Capital Account at the end of
any Fiscal Year or other taxable period, with the following adjustments:

 

(a) credit to such Capital
Account any amount that such Member is obligated to restore under Treasury Regulations Section 1.704-1(b)(2)(ii)(c), as well as
any addition thereto pursuant to the next to last sentences of Treasury Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5) after
taking into account thereunder any changes during such year in Company Minimum Gain and Member Minimum Gain; and

 

(b) debit to such Capital
Account the items described in Treasury Regulations Sections 1.704-1(b)(2)(ii)(d)(4), (5) and (6).

 

This definition of
Adjusted Capital Account Deficit is intended to comply with the provisions of Treasury Regulations Section 1.704-1(b)(2)(ii)(d)
and shall be interpreted consistently therewith.

 

“Affiliate”
means, when used with respect to any Person, any other Person that, directly or indirectly, through one or more intermediaries,
controls, is controlled by, or is under common control with, such Person in question. For purposes of this Agreement, (i) no Member
shall be deemed to be an Affiliate of any other Member and (ii) no Member shall be deemed to be an Affiliate of the Company.

 

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

 

    2

     

    

 

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

 

“beneficially
own” and “beneficial owner” shall be as defined in Rule 13d-3 of the rules promulgated
under the Exchange Act.

 

“Bipartisan
Budget Act” means Title XI of the Bipartisan Budget Act of 2015, as may be amended from time to time (or any corresponding
provisions of succeeding law), and any related provisions of law, including court decisions, regulations and administrative guidance.

 

“Board”
means the board of directors of PubCo.

 

“Business
Day” means each day of the week except Saturdays, Sundays and days on which banking institutions are authorized by
law to close in New York, New York or Houston, Texas.

 

“Business
Opportunities Exempt Party” is defined in Section 8.4.

 

“Call Election
Notice” is defined in Section 4.6(f).

 

“Call Right”
has the meaning set forth in Section 4.6(f).

 

“Capital
Account” means, with respect to any Member, the capital account maintained for such Member in accordance with Section
4.4.

 

“Capital
Contribution” means, with respect to any Member, the amount of cash and the initial Gross Asset Value of any property
(other than cash) contributed to the Company by such Member. Any reference to the Capital Contribution of a Member will include
any Capital Contributions made by a predecessor holder of such Member’s Units to the extent that such Capital Contribution
was made in respect of Units Transferred to such Member.

 

“Cash Election”
is defined in Section 4.6(a)(iv) and shall also include PubCo’s election to purchase Common Units for cash pursuant
to an exercise of its Call Right set forth in Section 4.6(f).

 

“Cash Election
Notice” is defined in Section 4.6(a)(iv).

 

“Cash Election
Amount” means with respect to a particular Redemption for which a Cash Election has been made, (i) if the Class A
Common Stock trades on a National Securities Exchange or automated or electronic quotation system, an amount of cash equal to the
product of (A) the number of shares of Class A Common Stock that would have been received in such Redemption if a Cash Election
had not been made and (B) the average of the volume-weighted closing price for a share of Class A Common Stock on the principal
U.S. securities exchange or automated or electronic quotation system, as applicable, on which the Class A Common Stock trades,
as reported by Bloomberg, L.P. or its successor, for each of the ten consecutive full Trading Days ending on and including the
last full Trading Day immediately prior to the Redemption Notice Date, subject to appropriate and equitable adjustment for any
stock splits, reverse splits, stock dividends or similar events affecting the Class A Common Stock; and (ii) if the Class A Common
Stock is not then traded on a U.S. securities exchange or automated or electronic quotation system, as applicable, an amount of
cash equal to the product of (A) the number of shares of Class A Common Stock that would have been received in such Redemption
if a Cash Election had not been made and (B) the Fair Market Value of one share of Class A Common Stock that would be obtained
in an arms-length transaction between an informed and willing buyer and an informed and willing seller, neither of whom is under
any compulsion to buy or sell, respectively, and without regard to the particular circumstances of the buyer or seller.

 

    3

     

    

 

“Class
A Common Stock” means, as applicable, (a) the Class A Common Stock, par value $0.0001 per share, of PubCo or (b)
following any consolidation, merger, reclassification or other similar event involving PubCo, any shares or other securities of
PubCo or any other Person or cash or other property that become payable in consideration for the Class A Common Stock or into which
the Class A Common Stock is exchanged or converted as a result of such consolidation, merger, reclassification or other similar
event.

 

“Class
B Common Stock” means, as applicable, (a) the Class B Common Stock, par value $0.0001 per share, of PubCo or (b)
following any consolidation, merger, reclassification or other similar event involving PubCo, any shares or other securities of
PubCo or any other Person or cash or other property that become payable in consideration for the Class B Common Stock or into which
the Class B Common Stock is exchanged or converted as a result of such consolidation, merger, reclassification or other similar
event.

 

“Closing
Date Capital Account Balance” means, with respect to any Member, the positive Capital Account balance of such Member
as of the date hereof after giving effect to the transactions contemplated by the Purchase Agreement, the amount or deemed value
of which is set forth on Exhibit A.

 

“Code”
means the United States Internal Revenue Code of 1986, as amended from time to time (or any corresponding provisions of succeeding
law).

 

“Commission”
means the U.S. Securities and Exchange Commission, including any governmental body or agency succeeding to the functions thereof.

 

“Common Units”
means the common units of limited liability company interests issued hereunder and shall also include any Equity Security of the
Company issued in respect of or in exchange for Common Units, whether by way of dividend or other distribution, split, recapitalization,
merger, rollup transaction, consolidation, conversion or reorganization.

 

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

 

“Company
Minimum Gain” has the meaning of “partnership minimum gain” set forth in Treasury Regulations Sections
1.704-2(b)(2) and 1.704-2(d). It is further understood that Company Minimum Gain shall be determined in a manner consistent with
the rules of Treasury Regulations Section 1.704-2(b)(2), including the requirement that if the adjusted Gross Asset Value of property
subject to one or more Nonrecourse Liabilities differs from its adjusted tax basis, Company Minimum Gain shall be determined with
reference to such Gross Asset Value.

 

“Company
Representative” has the meaning assigned to the term “partnership representative” in Section 6223 of
the Code and any Treasury Regulations or other administrative or judicial pronouncements promulgated thereunder.

 

    4

     

    

 

“Contract”
means any written agreement, contract, lease, sublease, license, sublicense, obligation, promise or undertaking.

 

“control”
means the possession, directly or indirectly, through one or more intermediaries, of the following: (a) in the case of a corporation,
more than 50% of the outstanding voting securities thereof, (b) in the case of a limited liability company, partnership, limited
partnership or joint venture, the right to more than 50% of the distributions therefrom (including liquidating distributions),
(c) in the case of a trust or estate, more than 50% of the beneficial interest therein, (d) in the case of any other entity, more
than 50% of the economic or beneficial interest therein or (e) in the case of any entity, the power or authority, through ownership
of voting securities, by contract or otherwise, to direct the management, activities or policies of the entity.

 

“Covered
Person” is defined in Section 7.4.

 

“Debt Securities”
means, with respect to PubCo, any and all debt instruments or debt securities that are not convertible or exchangeable into Equity
Securities of PubCo.

 

“Depreciation”
means, for each Fiscal Year or other taxable period, an amount equal to the depreciation, amortization, or other cost recovery
deduction allowable with respect to an asset for such Fiscal Year or other taxable period, except that (a) with respect to any
such property the Gross Asset Value of which differs from its Adjusted Basis for U.S. federal income tax purposes and which difference
is being eliminated by use of the “remedial method” pursuant to Treasury Regulations Section 1.704-3(d), Depreciation
for such Fiscal Year or other taxable period shall be the amount of book basis recovered for such Fiscal Year or other taxable
period under the rules prescribed by Treasury Regulations Section 1.704-3(d)(2), and (b) with respect to any other such property
the Gross Asset Value of which differs from its Adjusted Basis for U.S. federal income tax purposes at the beginning of such Fiscal
Year or other taxable period. Depreciation shall be an amount which bears the same ratio to such beginning Gross Asset Value as
the federal income tax depreciation, amortization, or other cost recovery deduction for such Fiscal Year or other taxable period
bears to such beginning Adjusted Basis; provided, however, that if the Adjusted Basis for U.S. federal income tax
purposes of an asset at the beginning of such Fiscal Year or other taxable period is zero, Depreciation with respect to such asset
shall be determined with reference to such beginning Gross Asset Value using any reasonable method selected by the Managing Member.

 

“DGCL”
means the General Corporation Law of the State of Delaware, as amended from time to time (or any corresponding provisions of succeeding
law).

 

“Discount”
has the meaning set forth in Section 4.6(b)(ii).

 

“Effective
Time” means 12:01 a.m. Central Standard Time on the date hereof.

 

“Equity
Securities” means (a) with respect to a partnership, limited liability company or similar Person, any and all units,
interests, rights to purchase, warrants, options or other equivalents of, or other ownership interests in, any such Person as well
as debt or equity instruments convertible, exchangeable or exercisable into any such units, interests, rights or other ownership
interests and (b) with respect to a corporation, any and all shares, interests, participation or other equivalents (however designated)
of corporate stock, including all common stock and preferred stock, or warrants, options or other rights to acquire any of the
foregoing, including any debt instrument convertible or exchangeable into any of the foregoing.

 

    5

     

    

 

“ERISA”
means the Employee Retirement Security Act of 1974, as amended.

 

“Exchange
Act” means the Securities Exchange Act of 1934, and the rules and regulations promulgated thereunder, as the same
may be amended from time to time (or any corresponding provisions of succeeding law).

 

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

 

“Fair Market
Value” means the fair market value of any property as determined in Good Faith by the Managing Member after taking
into account such factors as the Managing Member shall deem appropriate.

 

“Federal
Bankruptcy Code” means Title 11 of the United States Code, as amended from time to time, and all rules and regulations
promulgated thereunder.

 

“Fiscal
Year” means the fiscal year of the Company, which shall end on December 31 of each calendar year unless, for U.S.
federal income tax purposes, another fiscal year is required. The Company shall have the same fiscal year for U.S. federal income
tax purposes and for accounting purposes.

 

“GAAP”
means U.S. generally accepted accounting principles at the time.

 

“Good Faith”
means a Person having acted in good faith and in a manner such Person reasonably believed to be in or not opposed to the best interests
of the Company, and, with respect to a criminal proceeding, having had no reasonable cause to believe such Person’s conduct
was unlawful.

 

“Governmental
Entity” means any federal, national, supranational, state, provincial, local, foreign or other government, governmental,
stock exchange, regulatory or administrative authority, agency or commission or any court, tribunal, or judicial or arbitral body.

 

“Gross
Asset Value” means, with respect to any asset, the asset’s Adjusted Basis for U.S. federal income tax purposes,
except as follows:

 

(a) the initial Gross
Asset Value of any asset contributed by a Member to the Company shall be the gross Fair Market Value of such asset as of the date
of such contribution;

 

(b) the Gross Asset Values
of all Company assets shall be adjusted to equal their respective gross Fair Market Values as of the following times: (i) the acquisition
of an Interest (or additional Interest) in the Company by any new or existing Member in exchange for more than a de minimis
Capital Contribution to the Company; (ii) the grant of an Interest (other than a de minimis Interest) as consideration for
the provision of services to or for the benefit of the Company by an existing Member acting in a member capacity, or by a new Member
acting in a member capacity or in anticipation of becoming a Member of the Company; (iii) the distribution by the Company to a
Member of more than a de minimis amount of Company assets as consideration for an Interest in the Company; (iv) the liquidation
of the Company within the meaning of Treasury Regulations Section 1.704-1(b)(2)(ii)(g)(1)); (v) the acquisition of an Interest
in the Company by any new or existing Member upon the exercise of a noncompensatory option in accordance with Treasury Regulations
Section 1.704-1(b)(2)(iv)(s); or (vi) any other event to the extent determined by the Managing Member to be permitted and
necessary or appropriate to properly reflect Gross Asset Values in accordance with the standards set forth in Treasury Regulations
Section 1.704-1(b)(2)(iv)(g); provided, however, that adjustments pursuant to clauses (i), (ii), (iii)
and (v) above shall be made only if the Managing Member reasonably determines that such adjustments are necessary or appropriate
to reflect the relative economic interests of the Members in the Company. If any noncompensatory options are outstanding upon the
occurrence of an event described in this paragraph (b)(i) through (b)(vi), the Company shall adjust the Gross Asset Values of its
properties in accordance with Treasury Regulations Sections 1.704-1(b)(2)(iv)(f)(1) and 1.704-1(b)(2)(iv)(h)(2);

 

    6

     

    

 

(c) the Gross Asset Value
of any Company asset distributed to any Member shall be adjusted to equal the gross Fair Market Value of such asset on the date
of such distribution;

 

(d) the Gross Asset Values
of Company assets shall be increased (or decreased) to reflect any adjustments to the Adjusted Basis of such assets pursuant to
Code Section 734(b) or Code Section 743(b), but only to the extent that such adjustments are taken into account in determining
Capital Accounts pursuant to Treasury Regulations Section 1.704-1(b)(2)(iv)(m) and subsection (f) in the definition
of “Profits” or “Losses” below or Section 5.2(h); provided, however, that the Gross
Asset Value of a Company asset shall not be adjusted pursuant to this subsection to the extent the Managing Member determines that
an adjustment pursuant to subsection (b) of this definition is necessary or appropriate in connection with a transaction that would
otherwise result in an adjustment pursuant to this subsection (d); and

 

(e) if the Gross Asset
Value of a Company asset has been determined or adjusted pursuant to subsections (a), (b) or (d) of this definition
of Gross Asset Value, such Gross Asset Value shall thereafter be adjusted by the Depreciation taken into account with respect to
such asset for purposes of computing Profits, Losses and other items allocated pursuant to Article V.

 

“Indebtedness”
means (a) all indebtedness for borrowed money (including capitalized lease obligations, sale-leaseback transactions or other similar
transactions, however evidenced), (b) any other indebtedness that is evidenced by a note, bond, debenture, draft or similar instrument,
(c) notes payable and (d) lines of credit and any other agreements relating to the borrowing of money or extension of credit.

 

“Interest”
means the entire interest of a Member in the Company, including the Units and all of such Member’s rights, powers and privileges
under this Agreement and the Act.

 

“Law”
means any federal, national, supranational, state, provincial, local or similar statute, law, ordinance, regulation, rule, code,
order, requirement or rule of law (including common law).

 

    7

     

    

 

“Liability”
means any liability or obligation, whether known or unknown, asserted or unasserted, absolute or contingent, accrued or unaccrued,
liquidated or unliquidated and whether due or to become due, regardless of when asserted.

 

“Liquidating
Event” is defined in Section 11.1.

 

“Managing
Member” is defined in the recitals to this Agreement.

 

“Member”
means any Person that executes this Agreement as a Member, and any other Person admitted to the Company as an additional or substituted
Member, that has not made a disposition of such Person’s entire Interest.

 

“Member
Minimum Gain” has the meaning ascribed to “partner nonrecourse debt minimum gain” set forth in Treasury
Regulations Section 1.704-2(i). It is further understood that the determination of Member Minimum Gain and the net increase or
decrease in Member Minimum Gain shall be made in the same manner as required for such determination of Company Minimum Gain under
Treasury Regulations Sections 1.704-2(d) and 1.704-2(g)(3).

 

“Member
Nonrecourse Debt” has the meaning of “partner nonrecourse debt” set forth in Treasury Regulations Section
1.704-2(b)(4).

 

“Member
Nonrecourse Deductions” has the meaning of “partner nonrecourse deductions” set forth in Treasury Regulations
Sections 1.704-2(i)(1) and 1.704-2(i)(2).

 

“National
Securities Exchange” means an exchange registered with the Commission under the Exchange Act.

 

“Nonrecourse
Deductions” has the meaning assigned that term in Treasury Regulations Section 1.704-2(b).

 

“Nonrecourse
Liability” is defined in Treasury Regulations Section 1.704-2(b)(3).

 

“Officer”
means each Person appointed as an officer of the Company pursuant to and in accordance with the provisions of Section 7.2
and listed on Exhibit B attached hereto.

 

“Person”
means any individual, partnership, firm, corporation, limited liability company, association, trust, unincorporated organization
or other entity, as well as any syndicate or group that would be deemed to be a person under Section 13(d)(3) of the Exchange Act.

 

“Plan Asset
Regulations” means the regulations issued by the U.S. Department of Labor at Section 2510.3-101 of Part 2510 of Chapter
XXV, Title 29 of the Code of Federal Regulations, or any successor regulations as the same may be amended from time to time.

 

“Prime
Rate” means, on any date of determination, a rate per annum equal to the rate of interest most recently published
by The Wall Street Journal as the “prime rate” at large U.S. money center banks.

 

“Proceeding”
is defined in Section 7.4.

 

    8

     

    

 

“Profits”
or “Losses” means, for each Fiscal Year or other taxable period, an amount equal to the Company’s
taxable income or loss for such year or period, determined in accordance with Code Section 703(a) (for this purpose, all items
of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable
income or loss), with the following adjustments (without duplication):

 

(f) any income or gain
of the Company that is exempt from U.S. federal income tax and not otherwise taken into account in computing Profits or Losses
shall be added to such taxable income or loss;

 

(g) any expenditures
of the Company described in Code Section 705(a)(2)(B) or treated as Code Section 705(a)(2)(B) expenditures pursuant to Treasury
Regulations Section 1.704-1(b)(2)(iv)(i), and not otherwise taken into account in computing Profits or Losses, shall be
subtracted from such taxable income or loss;

 

(h) in the event the
Gross Asset Value of any Company asset is adjusted pursuant to subsection (b) or (c) of the definition of Gross Asset Value above,
the amount of such adjustment shall be treated as an item of gain (if the adjustment increases the Gross Asset Value of the Company
asset) or an item of loss (if the adjustment decreases the Gross Asset Value of the Company asset) from the disposition of such
asset and shall, except to the extent allocated pursuant to Section 5.2, be taken into account for purposes of computing
Profits or Losses;

 

(i) gain or loss resulting
from any disposition of Company assets with respect to which gain or loss is recognized for U.S. federal income tax purposes shall
be computed with reference to the Gross Asset Value of the asset disposed of notwithstanding that the adjusted tax basis of such
asset differs from its Gross Asset Value;

 

(j) in lieu of the depreciation,
amortization and other cost recovery deductions taken into account in computing such taxable income or loss, there shall be taken
into account Depreciation;

 

(k) to the extent an
adjustment to the adjusted tax basis of any asset pursuant to Code Section 734(b) is required, pursuant to Treasury Regulations
Section 1.704-1(b)(2)(iv)(m)(4), to be taken into account in determining Capital Account balances as a result of a distribution
other than in liquidation of a Member’s interest in the Company, the amount of such adjustment shall be treated as an item
of gain (if the adjustment increases the basis of the asset) or an item of loss (if the adjustment decreases such basis) from the
disposition of such asset and shall be taken into account for purposes of computing Profits or Losses; and

 

(l) any items of income,
gain, loss or deduction which are specifically allocated pursuant to the provisions of Section 5.2 shall not be taken into
account in computing Profits or Losses for any taxable year, but such items available to be specially allocated pursuant to Section
5.2 will be determined by applying rules analogous to those set forth in subparagraphs (a) through (f) above.

 

“Property”
means all real and personal property owned by the Company from time to time, including both tangible and intangible property.

 

    9

     

    

 

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

 

“PubCo
Common Stock” means all classes and series of common stock of PubCo, including the Class A Common Stock and the Class
B Common Stock.

 

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

 

“Reclassification
Event” means any of the following: (a) any reclassification or recapitalization of PubCo Common Stock (other than
a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a subdivision or
combination or any transaction subject to Section 4.1(g)), (b) any merger, consolidation or other combination involving
PubCo or (c) any sale, conveyance, lease, or other disposal of all or substantially all the properties and assets of PubCo to any
other Person, in each of clauses (a), (b) or (c), as a result of which holders of PubCo Common Stock shall
be entitled to receive cash, securities or other property for their shares of PubCo Common Stock.

 

“Redeeming
Member” is defined in Section 4.6(a)(i).

 

“Redemption”
has the meaning set forth in Section 4.6(a)(i).

 

“Redemption
Date” means (a) the later of (i) the date that is five Business Days after the Redemption Notice Date and (ii) if
the Company or PubCo has made a valid Cash Election with respect to the relevant Redemption, the first Business Day on which the
Company or PubCo has available funds to pay the Cash Election Amount, which in no event shall be more than ten Business Days after
the Redemption Notice Date, or (b) such later date (i) specified in the Redemption Notice or (ii) on which a contingency described
in Section 4.6(a)(ii)(C) that is specified in the Redemption Notice is satisfied.

 

“Redemption
Notice” is defined in Section 4.6(a)(ii).

 

“Redemption
Notice Date” is defined in Section 4.6(a)(ii).

 

“Registration
Rights Agreement” means the Registration Rights Agreement, dated as of the date hereof, by and among PubCo and the
other parties thereto (together with any other parties that become a party thereto from time to time upon execution of a joinder
in accordance with the terms thereof by any successor or assign to any party to such Agreement).

 

“Registration
Statement” means any registration statement that PubCo is required to file pursuant to the Registration Rights Agreement.

 

“Regulatory
Allocations” is defined in Section 5.2(i).

 

“Retraction
Notice” is defined in Section 4.6(b)(i).

 

“Securities
Act” means the Securities Act of 1933, and the rules and regulations promulgated thereunder, as the same may be amended
from time to time (or any corresponding provisions of succeeding law).

 

    10

     

    

 

“Subsidiary”
means, with respect to any specified Person, any other Person with respect to which such specified Person (a) has, directly or
indirectly, the power, through the ownership of securities or otherwise, to elect a majority of directors or similar managing body
or (b) beneficially owns, directly or indirectly, a majority of such Person’s Equity Securities.

 

“Tax Distribution
Date” means any date that is two Business Days prior to (a) the date on which estimated federal income tax payments
are required to be made by calendar year corporate taxpayers and (b) the due date for federal income tax returns of corporate calendar
year taxpayers (without regard to extensions).

 

“Tax Distributions”
means distributions required to be made pursuant to Section 6.2.

 

“Trading
Day” means a day on which the Nasdaq Capital Market or such other principal United States securities exchange on
which the Class A Common Stock is listed or admitted to trading and is open for the transaction of business (unless such trading
shall have been suspended for the entire day).

 

“Transfer”
means, when used as a noun, any voluntary or involuntary, direct or indirect (whether through a change of control of the Transferor
or any Person that controls the Transferor, the issuance or transfer of Equity Securities of the Transferor, by operation of law
or otherwise), transfer, sale, pledge or hypothecation or other disposition and, when used as a verb, voluntarily or involuntarily,
directly or indirectly (whether through a change of control of the Transferor or any Person that controls the Transferor, the issuance
or transfer of Equity Securities of the Transferor or any Person that controls the Transferor, by operation of law or otherwise),
to transfer, sell, pledge or hypothecate or otherwise dispose of. The terms “Transferee,” “Transferor,”
“Transferred,” and other forms of the word “Transfer” shall have the correlative meanings.

 

“Transfer
Agent” is defined in Section 4.6(a)(iii).

 

“Treasury
Regulations” means pronouncements, as amended from time to time, or their successor pronouncements, which clarify,
interpret and apply the provisions of the Code, and which are designated as “Treasury Regulations” by the United States
Department of the Treasury.

 

“Uniform
Commercial Code” means the Uniform Commercial Code or any successor provision thereof as the same may from time to
time be in effect in the State of Delaware.

 

“Units”
means the Common Units and any other Equity Security of the Company.

 

Section 1.2 Interpretive
Provisions. For all purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise
requires:

 

(a) the terms defined
in Section 1.1 are applicable to the singular as well as the plural forms of such terms;

 

(b) all accounting terms
not otherwise defined herein have the meanings assigned under GAAP;

 

    11

     

    

 

(c) all references to
currency, monetary values and dollars set forth herein shall mean United States (U.S.) dollars and all payments hereunder shall
be made in United States dollars;

 

(d) when a reference
is made in this Agreement to an Article, Section, Exhibit or Schedule, such reference is to an Article or Section of, or an Exhibit
or Schedule to, this Agreement unless otherwise indicated;

 

(e) whenever the words
“include”, “includes” or “including” are used in this Agreement, they shall be deemed to be
followed by the words “without limitation”;

 

(f) “or”
is not exclusive;

 

(g) pronouns of either
gender or neuter shall include, as appropriate, the other pronoun forms; and

 

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

 

Article
II

ORGANIZATION OF THE LIMITED LIABILITY COMPANY

 

Section 2.1 Formation.
The Company has been formed as a limited liability company subject to the provisions of the Act upon the terms, provisions and
conditions set forth in this Agreement.

 

Section 2.2 Filing.
The Company’s Certificate of Formation has been filed with the Secretary of State of the State of Delaware in accordance
with the Act. The Members shall execute such further documents (including amendments to such Certificate of Formation) and take
such further action as is appropriate to comply with the requirements of Law for the operation of a limited liability company
in all states and counties where the Company may conduct its business.

 

Section 2.3 Name.
The name of the Company is Atlas TC Holdings LLC” and all business of the Company shall be conducted in such name or, in
the discretion of the Managing Member, under any other name.

 

Section 2.4 Registered
Office: Registered Agent. The location of the registered office of the Company in the State of Delaware is Corporation
Trust Center, 1209 Orange Street, Wilmington, Delaware 19801, or at such other place as the Managing Member from time to time
may select. The name and address for service of process on the Company in the State of Delaware is The Corporation Trust Company,
1209 Orange Street, New Castle County, Wilmington, Delaware 19801, or such other qualified Person as the Managing Member may designate
from time to time and its business address.

 

Section 2.5 Principal
Place of Business. The principal place of business of the Company shall be located in such place as is determined by the
Managing Member from time to time.

 

    12

     

    

 

Section 2.6 Purpose:
Powers. The nature of the business or purposes to be conducted or promoted by the Company is to engage in any lawful act
or activity for which limited liability companies may be formed under the Act. The Company shall have the power and authority
to take any and all actions and engage in any and all activities necessary, appropriate, desirable, advisable, ancillary or incidental
to the accomplishment of the foregoing purpose.

 

Section
2.7 Term. The term of the Company commenced on the date of filing of the Certificate of Formation of the Company
with the office of the Secretary of State of the State of Delaware in accordance with the Act and shall continue indefinitely.
The Company may be dissolved and its affairs wound up only in accordance with Article XI.

 

Section
2.8 Intent. It is the intent of the Members that the Company be operated in a manner consistent with its treatment
as a “partnership” for U.S. federal and applicable state and local income tax purposes. Neither the Company nor any
Member shall take any action inconsistent with the express intent of the parties hereto as set forth in this Section 2.8.

 

Article
III

CLOSING TRANSACTIONS

 

Section 3.1 Purchase
Agreement Transactions.

 

(a) Pursuant to the terms
of the Purchase Agreement, at the Effective Time, Atlas transferred 100% of the Interests of the Company to Buyer in exchange for
$[●], [●] shares of Class B Common Stock and [●] Common Units. The total number of Common Units and shares of
Class B Common Stock held by Atlas and PubCo immediately following the consummation of the transactions contemplated by this Section
3.1 is set forth on Exhibit A hereto.

 

(b) PubCo shall take
all actions necessary to cause the stock records of the Class B Common Stock to be held on the books and records of the Transfer
Agent.

 

Article
IV

OWNERSHIP AND CAPITAL CONTRIBUTIONS; CAPITAL ACCOUNTS

 

Section 4.1 Authorized
Units; General Provisions with Respect to Units.

 

(a) Subject to the provisions
of this Agreement, the Company shall be authorized to issue from time to time such number of Common Units and such other Equity
Securities as the Managing Member shall determine in accordance with Section 4.3. Each authorized Unit may be issued pursuant
to such agreements as the Managing Member shall approve, including pursuant to options and warrants. The Company may reissue any
Units that have been repurchased or acquired by the Company; provided, that any such issuance, and the admission of any
Person as a Member in connection therewith, is otherwise made in accordance with the provisions of this Agreement.

 

(b) Each outstanding
Common Unit shall be identical (except as provided in Section 4.3).

 

    13

     

    

 

(c) Initially, the Units
will be uncertificated. If the Managing Member determines that it is in the interest of the Company to issue certificates representing
the Units, certificates will be issued and the Units will be represented by those certificates, and this Agreement shall be amended
as the Managing Member shall determine necessary or desirable to reflect the issuance of certificated Units for purposes of the
Uniform Commercial Code. Nothing contained in this Section 4.1(c) shall be deemed to authorize or permit any Member to Transfer
its Units except as otherwise permitted under this Agreement.

 

(d) The total number
and type of Units issued and outstanding and held by the Members is set forth on Exhibit A (as amended from time to time
in accordance with the terms of this Agreement) as of the date set forth therein.

 

(e) If, at any time after
the Effective Time, PubCo issues a share of its Class A Common Stock or any other Equity Security of PubCo (other than shares of
Class B Common Stock), (i) the Company shall concurrently issue to PubCo one Common Unit (if PubCo issues a share of Class A Common
Stock), or such other Equity Security of the Company (if PubCo issues Equity Securities other than Class A Common Stock) corresponding
to the Equity Securities issued by PubCo, and with substantially the same rights to dividends and distributions (including distributions
upon liquidation) and other economic rights as those of such Equity Securities of PubCo to be issued and (ii) PubCo shall concurrently
contribute to the Company the net proceeds or other property received by PubCo, if any, for such share of Class A Common Stock
or other Equity Security; provided, however, that if PubCo issues any shares of Class A Common Stock in order to
acquire or fund the acquisition from a Member (other than PubCo) of a number of Common Units (and shares of Class B Common Stock)
equal to the number of shares of Class A Common Stock so issued, then the Company shall not issue any new Common Units in connection
therewith and, where such shares of Class A Common Stock have been issued for cash to fund an acquisition, PubCo shall not be required
to transfer such net proceeds to the Company, and such net proceeds shall instead be transferred to such Member as consideration
for such acquisition. Notwithstanding the foregoing, this Section 4.1(e) shall not apply to the issuance and distribution
to holders of shares of PubCo Common Stock of rights to purchase Equity Securities of PubCo under a “poison pill” or
similar shareholders rights plan (and upon any redemption of Common Units for Class A Common Stock, such Class A Common Stock will
be issued together with a corresponding right under such plan), or to the issuance under PubCo’s employee benefit plans of
any warrants, options, stock appreciation right, restricted stock, restricted stock units, performance based award or other rights
to acquire Equity Securities of PubCo or rights or property that may be converted into or settled in Equity Securities of PubCo,
but shall in each of the foregoing cases apply to the issuance of Equity Securities of PubCo in connection with the exercise or
settlement of such rights, warrants, options, stock appreciation right, restricted stock, restricted stock units, performance based
award or other rights or property. Except pursuant to Section 4.6, (x) the Company may not issue any additional Units to
PubCo or any of its Subsidiaries unless substantially simultaneously therewith PubCo or such Subsidiary issues or sells an equal
number of newly-issued shares of Class A Common Stock to another Person and contributes the net proceeds therefrom to the Company,
and (y) the Company may not issue any other Equity Securities of the Company to PubCo or any of its Subsidiaries unless substantially
simultaneously PubCo or such Subsidiary issues or sells, to another Person, an equal number of newly-issued shares of a new class
or series of Equity Securities of PubCo or such Subsidiary with substantially the same rights to dividends and distributions (including
distributions upon liquidation) and other economic rights as those of such Equity Securities of the Company and contributes the
net proceeds therefrom to the Company. If at any time PubCo or any of its Subsidiaries (other than the Company and its Subsidiaries)
issues Debt Securities, PubCo or such Subsidiary shall transfer to the Company (in a manner to be determined by the Managing Member
in its reasonable discretion) the proceeds received by PubCo or such Subsidiary, as applicable, in exchange for such Debt Securities
in a manner that directly or indirectly burdens the Company with the repayment of the Debt Securities. In the event any Equity
Security outstanding at PubCo is exercised or otherwise converted and, as a result, any shares of Class A Common Stock or other
Equity Securities of PubCo are issued, (i) the corresponding Equity Security outstanding at the Company shall be similarly exercised
or otherwise converted, as applicable, and an equivalent number of Units or other Equity Securities of the Company shall be issued
to PubCo as contemplated by the first sentence of this Section 4.1(e), and (ii) PubCo shall concurrently contribute to the
Company the net proceeds received by PubCo from any such exercise.

 

    14

     

    

 

(f) PubCo or any of its
Subsidiaries may not redeem, repurchase or otherwise acquire (i) any shares of Class A Common Stock (including upon forfeiture
of any unvested shares of Class A Common Stock) unless substantially simultaneously the Company redeems, repurchases or otherwise
acquires from PubCo or such Subsidiary an equal number of Common Units for the same price per security or (ii) any other Equity
Securities of PubCo, unless substantially simultaneously the Company redeems, repurchases or otherwise acquires from PubCo or such
Subsidiary an equal number of Equity Securities of the Company of a corresponding class or series with substantially the same rights
to dividends and distributions (including distributions upon liquidation) and other economic rights as those of such Equity Securities
of PubCo for the same price per security. The Company may not redeem, repurchase or otherwise acquire (x) except pursuant to Section
4.6, any Common Units from PubCo or any of its Subsidiaries unless substantially simultaneously PubCo or such Subsidiary redeems,
repurchases or otherwise acquires an equal number of shares of Class A Common Stock for the same price per security from holders
thereof, or (y) any other Equity Securities of the Company from PubCo or any of its Subsidiaries unless substantially simultaneously
PubCo or such Subsidiary redeems, repurchases or otherwise acquires for the same price per security an equal number of Equity Securities
of PubCo of a corresponding class or series with substantially the same rights to dividends and distributions (including distribution
upon liquidation) and other economic rights as those of such Equity Securities of PubCo. Notwithstanding the foregoing, to the
extent that any consideration payable by PubCo in connection with the redemption or repurchase of any shares of Class A Common
Stock or other Equity Securities of PubCo or any of its Subsidiaries consists (in whole or in part) of shares of Class A Common
Stock or such other Equity Securities (including, for the avoidance of doubt, in connection with the cashless exercise of an option
or warrant other than those issued under PubCo’s employee benefit plans), then the redemption or repurchase of the corresponding
Units or other Equity Securities of the Company shall be effectuated in an equivalent manner.

 

(g) The Company shall
not in any manner effect any subdivision (by any equity split, equity distribution, reclassification, recapitalization or otherwise)
or combination (by reverse equity split, reclassification, recapitalization or otherwise) of the outstanding Common Units unless
accompanied by an identical subdivision or combination, as applicable, of the outstanding PubCo Common Stock, with corresponding
changes made with respect to any other exchangeable or convertible securities. PubCo shall not in any manner effect any subdivision
(by any equity split, equity distribution, reclassification, recapitalization or otherwise) or combination (by reverse equity split,
reclassification, recapitalization or otherwise) of the outstanding PubCo Common Stock unless accompanied by an identical subdivision
or combination, as applicable, of the outstanding Common Units, with corresponding changes made with respect to any other exchangeable
or convertible securities.

 

    15

     

    

 

Section 4.2 Voting
Rights. No Member has any voting right except with respect to those matters specifically reserved for a Member vote under
the Act and for matters expressly requiring the approval of Members under this Agreement. Except as otherwise required by the
Act, each Unit will entitle the holder thereof to one vote on all matters to be voted on by the Members. Except as otherwise expressly
provided in this Agreement, the holders of Units having voting rights will vote together as a single class on all matters to be
approved by the Members.

 

Section 4.3 Capital
Contributions: Unit Ownership.

 

(a) Capital Contributions.
Except as otherwise set forth in Section 4.1(e), no Member shall be required to make additional Capital Contributions.

 

(b) Issuance of Additional
Units or Interests. Except as otherwise expressly provided in this Agreement, the Managing Member shall have the right, in
its sole discretion, to authorize and cause the Company to issue on such terms (including price) as may be determined by the Managing
Member (i) subject to the limitations of Section 4.1, additional Units or other Equity Securities in the Company (including
creating preferred interests or other classes or series of interests having such rights, preferences and privileges as determined
by the Managing Member in its sole discretion, which rights, preferences and privileges may be senior to the Common Units) and
(ii) obligations, evidences of Indebtedness or other securities or interests convertible or exchangeable for Common Units or other
Equity Securities in the Company; provided, that, at any time following the date hereof, in each case the Company
shall not issue Equity Securities in the Company to any Person unless such Person shall have executed a counterpart to this Agreement
and all other documents, agreements or instruments deemed necessary or desirable in the discretion of the Managing Member. Upon
such issuance and execution, such Person shall be admitted as a Member of the Company. In that event, the Managing Member shall
amend Exhibit A to reflect such additional issuances. Subject to Section 12.1, the Managing Member is hereby authorized
to amend this Agreement to set forth the designations, preferences, rights, powers and duties of such additional Units or other
Equity Securities in the Company, or such other amendments that the Managing Member determines to be otherwise necessary or appropriate
in connection with the creation, authorization or issuance of, any class or series of Units or other Equity Securities in the Company
pursuant to this Section 4.3(b); provided, that notwithstanding the foregoing, the Managing Member shall have the
right to amend this Agreement as set forth in this sentence without the approval of any other Person (including any Member) and
notwithstanding any other provision of this Agreement (including Section 12.1) if such amendment is necessary, and then
only to the extent necessary, in order to consummate any offering of shares of PubCo Common Stock or other Equity Securities of
PubCo; provided, that the designations, preferences, rights, powers and duties of any such additional Units or other Equity
Securities of the Company as set forth in such amendment are substantially similar to those applicable to such shares of PubCo
Common Stock or other Equity Securities of PubCo.

 

    16

     

    

 

Section 4.4 Capital
Accounts. A Capital Account shall be maintained for each Member in accordance with the provisions of Treasury Regulations
Section 1.704-1(b)(2)(iv) and, to the extent consistent with such regulations, the other provisions of this Agreement. Each Member’s
Capital Account balance as of the date hereof shall be equal to the amount of its respective Closing Date Capital Account Balance
set forth opposite such Member’s name on Exhibit A. Thereafter, each Member’s Capital Account shall be (a)
increased by (i) allocations to such Member of Profits pursuant to Section 5.1 and any other items of income or gain allocated
to such Member pursuant to Section 5.2, (ii) the amount of cash or the initial Gross Asset Value of any asset (net of any
Liabilities assumed by the Company and any Liabilities to which the asset is subject) contributed to the Company by such Member,
and (iii) any other increases allowed or required by Treasury Regulations Section 1.704-1(b)(2)(iv), and (b) decreased by (i)
allocations to such Member of Losses pursuant to Section 5.1 and any other items of deduction or loss allocated to such
Member pursuant to the provisions of Section 5.2, (ii) the amount of any cash or the Gross Asset Value of any asset (net
of any Liabilities assumed by the Member and any Liabilities to which the asset is subject) distributed to such Member, and (iii)
any other decreases allowed or required by Treasury Regulations Section 1.704-1(b)(2)(iv). In the event of a Transfer of Common
Units made in accordance with this Agreement (including a deemed Transfer for U.S. federal income tax purposes as described in
Section 4.6(a)(v)), the Capital Account of the Transferor that is attributable to the Transferred Units shall carry over
to the Transferee Member in accordance with the provisions of Treasury Regulations Section 1.704-1(b)(2)(iv)(l).

 

Section 4.5 Other
Matters.

 

(a) No Member shall demand
or receive a return on or of its Capital Contributions or withdraw from the Company without the consent of the Managing Member.
Under circumstances requiring a return of any Capital Contributions, no Member has the right to receive property other than cash.

 

(b) No Member shall receive
any interest, salary, compensation, draw or reimbursement with respect to its Capital Contributions or its Capital Account, or
for services rendered or expenses incurred on behalf of the Company or otherwise in its capacity as a Member, except as otherwise
provided in Section 7.9 or as otherwise contemplated by this Agreement.

 

(c) The Liability of
each Member shall be limited as set forth in the Act and other applicable Law and, except as expressly set forth in this Agreement
or required by Law, no Member (or any of its Affiliates) shall be personally liable, whether to the Company, any of the other Members,
the creditors of the Company, or any other third party, for any debt or Liability of the Company, whether arising in contract,
tort or otherwise, solely by reason of being a Member of the Company.

 

(d) Except as otherwise
required by the Act, a Member shall not be required to restore a deficit balance in such Member’s Capital Account, to lend
any funds to the Company or, except as otherwise set forth herein, to make any additional contributions or payments to the Company.

 

(e) The Company shall
not be obligated to repay any Capital Contributions of any Member.

 

    17

     

    

 

Section 4.6 Redemption
of Common Units.

 

(a) Redemption.

 

(i) Upon the
terms and subject to the conditions set forth in this Section 4.6, [Bernhard Capital Partners Management LP] and its Affiliates
shall, and after [ __ ], 2020,1 each
of the other Members (other than PubCo and its wholly-owned Subsidiaries) (each, a “Redeeming Member”)
shall, be entitled to cause the Company to redeem all or a portion of such Member’s Common Units (together with the surrender
and delivery of the same number of shares of Class B Common Stock) for either (x) the delivery by the Company of a number of shares
of Class A Common Stock equal to the number of Common Units surrendered (a “Redemption”) or (y) at the
Company’s election made in accordance with Section 4.6(a)(iv), the delivery by the Company of cash equal to the Cash
Election Amount calculated with respect to such Redemption. Absent the prior written consent of the Managing Member, with respect
to each Redemption, a Redeeming Member shall be:

 

		(A)	required to redeem at least a number of Common Units equal
to the lesser of (x) 1,000 Common Units and (y) all of the Common Units then held by such Redeeming Member; provided, that
a Redeeming Member shall be permitted to effect a Redemption of Common Units at least as frequently as once per calendar quarter;
and

 

		(B)	Upon the Redemption of all of a Member’s Common Units,
such Member shall, for the avoidance of doubt, cease to be a Member of the Company.

 

(ii) In order
to exercise the Redemption right under Section 4.6(a)(i), the Redeeming Member shall provide written notice (the “Redemption
Notice”) to the Company, with a copy to PubCo (the date of delivery of such Redemption Notice, the “Redemption
Notice Date”), stating:

 

		(A)	the number of Common Units (together with the surrender
and delivery of an equal number of shares of Class B Common Stock) the Redeeming Member elects to have the Company redeem;

 

		(B)	if the shares of Class A Common Stock to be received are
to be issued other than in the name of the Redeeming Member, the name(s) of the Person(s) in whose name or on whose order the
shares of Class A Common Stock are to be issued;

 

 

1
Note to Draft: To be 6 months following Closing

 

    18

     

    

 

		(C)	whether the exercise of the Redemption right is to be contingent
(including as to timing) upon (i) the closing of an underwritten offering of the shares of Class A Common Stock for which the
Common Units will be redeemed, (ii) the closing of an announced merger, consolidation or (iii) other transaction or event to which
PubCo is a party in which the shares of Class A Common Stock would be exchanged or converted or become exchangeable for or convertible
into cash or other securities or property; and

 

		(D)	if the Redeeming Member requires the Redemption to take
place on a specific Business Day, such Business Day; provided, that, any such specified Business Day shall not be
earlier than the date that would otherwise apply pursuant to clause (a) of the definition of Redemption Date.

 

(iii) If the
Common Units to be redeemed (or the shares of Class B Common Stock to be transferred and surrendered) by the Redeeming Member are
represented by a certificate or certificates, prior to the Redemption Date, the Redeeming Member shall also present and surrender
such certificate or certificates representing such Common Units (or shares of Class B Common Stock) during normal business hours
at the principal executive offices of the Company, or if any agent for the registration or transfer of Class A Common Stock is
then duly appointed and acting (the “Transfer Agent”), at the office of the Transfer Agent. If required
by the Managing Member or the Transfer Agent, the Redeeming Member shall also deliver, prior to the Redemption Date, instruments
of transfer, in forms reasonably satisfactory to the Managing Member and the Transfer Agent, duly executed by the Redeeming Member
or the Redeeming Member’s duly authorized representative.

 

(iv) Upon receipt
of a Redemption Notice, the Company shall be entitled to elect (a “Cash Election”) to settle the Redemption
by delivering to the Redeeming Member, in lieu of the applicable number of shares of Class A Common Stock that would be received
in such Redemption, an amount of cash equal to the Cash Election Amount for such Redemption. In order to make a Cash Election with
respect to a Redemption, the Company must provide written notice of such election (a “Cash Election Notice”)
to the Redeeming Member (with a copy to PubCo) prior to 5:00 p.m., Texas time, on the third Business Day after the Redemption Notice
Date. If the Company fails to provide such written notice prior to such time, it shall not be entitled to make a Cash Election
with respect to such Redemption.

 

(v) For U.S.
federal and applicable state and local income tax purposes, each of the Redeeming Member, the Company and PubCo, as the case may
be, agree to treat each Redemption and, in the event PubCo exercises its Call Right, each transaction between the Redeeming Member
and PubCo as a result of such exercise of its Call Right, as a sale of the Redeeming Member’s Common Units (together with
the same number of shares of Class B Common Stock) to PubCo in exchange for shares of Class A Common Stock or cash, as applicable.

 

    19

     

    

 

(b) Redemption Procedures.

 

(i) Subject
to the satisfaction of any contingency described in Section 4.6(a)(ii)(C) or (D) that is specified in the relevant
Redemption Notice, the Redemption shall be completed on the Redemption Date; provided, that if a valid Cash Election has
not been made, the Redeeming Member may, at any time prior to the Redemption Date, revoke its Redemption Notice by giving written
notice (the “Retraction Notice”) to the Company (with a copy to PubCo); provided, however,
that in no event may the Redeeming Member deliver a Retraction Notice later than two Business Days prior to the applicable Redemption
Date. The timely delivery of a Retraction Notice shall terminate all of the Redeeming Member’s, the Company’s and PubCo’s
rights and obligations arising from the retracted Redemption Notice.

 

(ii) Unless
the Redeeming Member has timely delivered a Retraction Notice as provided in Section 4.6(b)(i) or PubCo has elected its
Call Right pursuant to Section 4.6(f), on the Redemption Date (to be effective immediately prior to the close of business
on the Redemption Date) (A) the Redeeming Member shall transfer and surrender the Common Units to be redeemed (and a corresponding
number of shares of Class B Common Stock) to the Company, in each case free and clear of all liens and encumbrances, (B) PubCo
shall contribute to the Company the consideration the Redeeming Member is entitled to receive under Section 4.6(a)(i) or
Section 4.6(a)(iv), as applicable, and as described in Section 4.1(e), the Company shall issue to PubCo a number
of Common Units or other Equity Securities of the Company as consideration for such contribution, (C) the Company shall (x) cancel
the redeemed Common Units, (y) transfer to the Redeeming Member the consideration the Redeeming Member is entitled to receive under
Section 4.6(a)(i) or Section 4.6(a)(iv), as applicable, and (z) if the Common Units are certificated, issue to the
Redeeming Member a certificate for a number of Common Units equal to the difference (if any) between the number of Common Units
evidenced by the certificate surrendered by the Redeeming Member pursuant to Section 4.6(b)(ii)(A) and the number of redeemed
Common Units and (D) PubCo shall cancel the surrendered shares of Class B Common Stock. Notwithstanding any other provisions of
this Agreement to the contrary, in the event that the Company makes a valid Cash Election, PubCo shall only be obligated to contribute
to the Company an amount in cash equal to the net proceeds (after deduction of any underwriters’ discounts or commissions
and brokers’ fees or commissions (including, for the avoidance of doubt, any deferred discounts or commissions and brokers’
fees or commissions payable in connection with or as a result of such public offering) (such difference, the “Discount”))
from the sale by PubCo of a number of shares of Class A Common Stock equal to the number of Common Units and Class B Common Stock
to be redeemed with such cash or from the sale of other PubCo Equity Securities used to fund the Cash Election Amount; provided,
that PubCo’s Capital Account shall be increased by an amount equal to any such Discounts relating to such sale of shares
of Class A Common Stock or other PubCo Equity Securities in accordance with Section 7.9; provided, further,
that the contribution of such net proceeds shall in no event affect the Redeeming Member’s right to receive the Cash Election
Amount.

 

    20

     

    

 

(c) Splits, Distributions
and Reclassifications. If (i) there is any reclassification, reorganization, recapitalization or other similar transaction
pursuant to which the shares of Class A Common Stock are converted or changed into another security, securities or other property
(other than as a result of a subdivision or combination or any transaction subject to Section 4.1(g)), or (ii) PubCo, by
dividend or otherwise, distributes to all holders of the shares of Class A Common Stock evidences of its Indebtedness or assets,
including securities (including shares of Class A Common Stock and any rights, options or warrants to all holders of the shares
of Class A Common Stock to subscribe for, to purchase or to otherwise acquire shares of Class A Common Stock, or other securities
or rights convertible into, or exchangeable or exercisable for, shares of Class A Common Stock) but excluding any cash dividend
or distribution as well as any such distribution of Indebtedness or assets received by PubCo from the Company in respect of the
Common Units, then upon any subsequent Redemption, in addition to the shares of Class A Common Stock or the Cash Election Amount,
as applicable, each Member shall be entitled to receive the amount of such security, securities or other property that such Member
would have received if such Redemption had occurred immediately prior to the effective date of such reclassification, reorganization,
recapitalization, other similar transaction, dividend or other distribution, taking into account any adjustment as a result of
any subdivision (by any split, distribution or dividend, reclassification, reorganization, recapitalization or otherwise) or combination
(by reverse split, reclassification, recapitalization or otherwise) of such security, securities or other property that occurs
after the effective time of such reclassification, reorganization, recapitalization or other similar transaction. For the avoidance
of doubt, if there is any reclassification, reorganization, recapitalization or other similar transaction in which the shares of
Class A Common Stock are converted or changed into another security, securities or other property, or any dividend or distribution
(other than an excluded dividend or distribution, as described above), this Section 4.6 shall continue to be applicable,
mutatis mutandis, with respect to such security or other property. This Agreement shall apply to the Common Units held by
the Members and their Transferees as of the date hereof, as well as any Common Units hereafter acquired by a Member and his or
her or its Transferees.

 

(d) PubCo Covenants.
PubCo shall at all times keep available, solely for the purpose of issuance upon a Redemption, out of its authorized but unissued
shares of Class A Common Stock, such number of shares of Class A Common Stock that shall be issuable upon the Redemption of all
outstanding Common Units (other than those Common Units held by PubCo or any Subsidiary of PubCo); provided, that nothing
contained herein shall be construed to preclude PubCo from satisfying its obligations with respect to a Redemption by delivery
of cash pursuant to a Cash Election or shares of Class A Common Stock that are held in the treasury of PubCo. PubCo covenants that
all shares of Class A Common Stock that shall be issued upon a Redemption shall, upon issuance thereof, be validly issued, fully
paid and non-assessable. In addition, for so long as the shares of Class A Common Stock are listed on a National Securities Exchange,
PubCo shall use its reasonable best efforts to cause all shares of Class A Common Stock issued upon a Redemption to be listed on
such National Securities Exchange at the time of such issuance. For purposes of this Section 4.6(d), references to the “Class
A Common Stock” shall be deemed to include any Equity Securities issued or issuable as a result of any reclassification,
combination, subdivision or similar of the Class A Common Stock.

 

(e) Redemption Taxes.
The issuance of shares of Class A Common Stock upon a Redemption shall be made without charge to the Redeeming Member for any
stamp or other similar tax in respect of such issuance; provided, however, that if any such shares of Class A Common
Stock are to be issued in a name other than that of the Redeeming Member, then the Person or Persons in whose name the shares are
to be issued shall pay to PubCo the amount of any tax that may be payable in respect of any Transfer involved in such issuance
or shall establish to the satisfaction of PubCo that such tax has been paid or is not payable.

 

    21

     

    

 

(f) PubCo Call Rights.

 

(i) Notwithstanding
anything to the contrary in this Section 4.6, a Redeeming Member shall be deemed to have offered to sell its Common Units
as described in the Redemption Notice to PubCo, and PubCo may, in its sole discretion, by delivery of a notice in accordance with,
and subject to the terms of, this Section 4.6(f) (a “Call Election Notice”), elect to purchase
directly and acquire such Common Units (together with the surrender and delivery of the same number of shares of Class B Common
Stock) on the Redemption Date by paying to the Redeeming Member (or, on the Redeeming Member’s written order and Section
4.6(e), its designee) that number of shares of Class A Common Stock the Redeeming Member (or its designee) would otherwise
receive pursuant to Section 4.6(a)(i) or, at PubCo’s election, an amount of cash equal to the Cash Election Amount
of such shares of Class A Common Stock (the “Call Right”), whereupon PubCo shall acquire the Common Units
offered for redemption by the Redeeming Member (together with the surrender and delivery of the same number of shares of Class
B Common Stock to PubCo for cancellation). PubCo shall be treated for all purposes of this Agreement as the owner of such Common
Units; provided, that if PubCo funds the Cash Election Amount other than through the issuance of shares of Class A Common
Stock, such Common Units will be reclassified into another Equity Security of the Company if the Managing Member determines such
reclassification is necessary.

 

(ii) PubCo
may, at any time prior to the Redemption Date, in its sole discretion deliver a Call Election Notice to the Company and the Redeeming
Member setting forth its election to exercise its Call Right. A Call Election Notice may be revoked by PubCo at any time; provided,
that any such revocation does not prejudice the ability of the parties to consummate a Redemption on the Redemption Date. Except
as otherwise provided by this Section 4.6(f), an exercise of the Call Right shall be consummated pursuant to the same timeframe
and in the same manner as the relevant Redemption would have been consummated if PubCo had not delivered a Call Election Notice.

 

(g) Distribution Rights.
No Redemption shall impair the right of the Redeeming Member to receive any distributions payable on the Common Units redeemed
pursuant to such Redemption in respect of a record date that occurs prior to the Redemption Date for such Redemption. For the avoidance
of doubt, no Redeeming Member, or a Person designated by a Redeeming Member to receive shares of Class A Common Stock, shall be
entitled to receive, with respect to such record date, distributions or dividends both on Common Units redeemed by the Company
from such Redeeming Member and on shares of Class A Common Stock received by such Redeeming Member, or other Person so designated,
if applicable, in such Redemption.

 

(h) PubCo Membership.
Any Common Units acquired by the Company under this Section 4.6 and Transferred by the Company to PubCo shall remain outstanding
and shall not be cancelled as a result of their acquisition by the Company. Notwithstanding any other provision of this Agreement,
PubCo shall continue as a Member of the Company with respect to any Common Units or other Equity Securities in the Company it receives
under this Agreement (including under this Section 4.6 in connection with any Redemption).

 

    22

     

    

 

(i) Redemption Restrictions.
The Managing Member may impose additional limitations and restrictions on Redemptions (including limiting Redemptions or creating
priority procedures for Redemptions), to the extent it determines, in Good Faith, such limitations and restrictions to be necessary
or appropriate to avoid undue risk that the Company may be classified as a “publicly traded partnership” within the
meaning of Section 7704 of the Code.

 

(j) Tax Certificates.
In connection with any Redemption, the Redeeming Member shall deliver to PubCo or the Company, as applicable, a certificate, dated
as of the date of the Redemption and sworn under penalties of perjury, in a form reasonably acceptable to PubCo or the Company,
as applicable, certifying as to such Redeeming Member’s taxpayer identification number and that such Redeeming Member is
a not a foreign person for purposes of Section 1445 and Section 1446(f) of the Code.

 

(k) Representations
and Warranties. In connection with any Redemption or exercise of a Call Right, upon the acceptance of the Class A Common Stock
or an amount of cash equal to the Cash Election Amount, the Redeeming Member shall represent and warrant that the Redeeming Member
is the owner of the number of Common Units the Redeeming Member is electing to have the Company redeem and that such Common Units
are not subject to any liens or restrictions to transfer the shares (other than restrictions imposed by this Agreement and Pubco’s
Second Amended and Restated Certificate of Incorporation).

 

Section 4.7 Representations
and Warranties of the Members. Unless otherwise set forth in an agreement between the Company and a Member, each Member
severally (and not jointly) represents and warrants to the Company and each other Member as of the date of such Member’s
admittance to the Company that (i) to the extent it is not a natural person, it is duly formed, validly existing and in good standing
under the Laws of the jurisdiction of its formation, and if required by Law is duly qualified to conduct business and is in good
standing in the jurisdiction of its principal place of business (if not formed in such jurisdiction); (ii) to the extent it is
not a natural person, it has full corporate, limited liability company, partnership, trust or other applicable power and authority
to execute and deliver this Agreement and to perform its obligations hereunder and all necessary actions by the board of directors,
shareholders, managers, members, partners, trustees, beneficiaries or other Persons necessary for the due authorization, execution,
delivery and performance of this Agreement by that Member have been duly taken; (iii) it has duly executed and delivered this
Agreement, and this Agreement is enforceable against such Member in accordance with its terms, subject to bankruptcy, moratorium,
insolvency and other Laws generally affecting creditors’ rights and general principles of equity (whether applied in a proceeding
in a court of law or equity); (iv) its authorization, execution, delivery, and performance of this Agreement does not breach or
conflict with or constitute a default under (A) such Member’s charter or other governing documents to the extent it
is not a natural person or (B) any material obligation under any other material agreement or arrangement to which that Member
is a party or by which it is bound; and (v) it: (A) has been furnished with such information about the Company and the Interest
as that Member has requested, (B) has made its own independent inquiry and investigation into, and based thereon has formed an
independent judgment concerning, the Company and such Member’s Interest herein, (C) has adequate means of providing for
its current needs and possible contingencies, is able to bear the economic risks of this investment and has a sufficient net worth
to sustain a loss of its entire investment in the Company in the event such loss should occur, (D) has such knowledge and experience
in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Company, (E) is,
or is controlled by, an “accredited investor,” as that term is defined in Rule 501(a) of Regulation D, promulgated
under the Securities Act, and (F) understands and agrees that its Interest shall not be sold, pledged, hypothecated or otherwise
Transferred except in accordance with the terms of this Agreement and pursuant to an effective registration statement under the
Securities Act or an applicable exemption from registration and/or qualification under the Securities Act and applicable state
securities Laws.

 

    23

     

    

 

Article
V

ALLOCATIONS OF PROFITS AND LOSSES

 

Section 5.1 Profits
and Losses. After giving effect to the allocations under Section 5.2 and subject to Section 5.4, Profits
and Losses (and, to the extent determined by the Managing Member to be necessary and appropriate to achieve the resulting Capital
Account balances described below, any allocable items of income, gain, loss, deduction or credit includable in the computation
of Profits and Losses) for each Fiscal Year or other taxable period shall be allocated among the Members during such Fiscal Year
or other taxable period in a manner such that, after giving effect to all distributions through the end of such Fiscal Year or
other taxable period, the Capital Account balance of each Member, immediately after making such allocation, is, as nearly as possible,
equal to (i) the amount such Member would receive pursuant to Section 11.3(b) if all assets of the Company on hand at the
end of such Fiscal Year or other taxable period were sold for cash equal to their Gross Asset Values, all liabilities of the Company
were satisfied in cash in accordance with their terms (limited with respect to each nonrecourse liability to the Gross Asset Value
of the assets securing such liability), and all remaining or resulting cash was distributed, in accordance with Section 11.3(b),
to the Members immediately after making such allocation, minus (ii) such Member’s share of Company Minimum Gain and
Member Minimum Gain, computed immediately prior to the hypothetical sale of assets, and the amount any such Member is treated
as obligated to contribute to the Company, computed immediately after the hypothetical sale of assets.

 

Section 5.2 Special
Allocations.

 

(a) Nonrecourse Deductions
for any Fiscal Year or other taxable period shall be specially allocated to the Members on a pro rata basis in accordance
with the number of Units owned by each Member. The amount of Nonrecourse Deductions for a Fiscal Year or other taxable period shall
equal the excess, if any, of the net increase, if any, in the amount of Company Minimum Gain during that Fiscal Year or other taxable
period over the aggregate amount of any distributions during that Fiscal Year or other taxable period of proceeds of a Nonrecourse
Liability that are allocable to an increase in Company Minimum Gain, determined in accordance with the provisions of Treasury Regulations
Section 1.704-2(d).

 

(b) Any Member Nonrecourse
Deductions for any Fiscal Year or other taxable period shall be specially allocated to the Member who bears economic risk of loss
with respect to the Member Nonrecourse Debt to which such Member Nonrecourse Deductions are attributable in accordance with Treasury
Regulations Section 1.704-2(i). If more than one Member bears the economic risk of loss for such Member Nonrecourse Debt, the Member
Nonrecourse Deductions attributable to such Member Nonrecourse Debt shall be allocated among the Members according to the ratio
in which they bear the economic risk of loss. This Section 5.2(b) is intended to comply with the provisions of Treasury
Regulations Section 1.704-2(i) and shall be interpreted consistently therewith.

 

    24

     

    

 

(c) Notwithstanding any
other provision of this Agreement to the contrary, if there is a net decrease in Company Minimum Gain during any Fiscal Year or
other taxable period (or if there was a net decrease in Company Minimum Gain for a prior Fiscal Year or other taxable period and
the Company did not have sufficient amounts of income and gain during prior periods to allocate among the Members under this Section
5.2(c)), each Member shall be specially allocated items of Company income and gain for such Fiscal Year or other taxable period
in an amount equal to such Member’s share of the net decrease in Company Minimum Gain during such year (as determined pursuant
to Treasury Regulations Section 1.704-2(g)(2)). This section is intended to constitute a minimum gain chargeback under Treasury
Regulations Section 1.704-2(f) and shall be interpreted consistently therewith.

 

(d) Notwithstanding any
other provision of this Agreement except Section 5.2(c), if there is a net decrease in Member Minimum Gain during any Fiscal
Year or other taxable period (or if there was a net decrease in Member Minimum Gain for a prior Fiscal Year or other taxable period
and the Company did not have sufficient amounts of income and gain during prior periods to allocate among the Members under this
Section 5.2(d)), each Member shall be specially allocated items of Company income and gain for such year in an amount equal
to such Member’s share of the net decrease in Member Minimum Gain (as determined pursuant to Treasury Regulations Section
1.704-2(i)(4)). This section is intended to constitute a partner nonrecourse debt minimum gain chargeback under Treasury Regulations
Section 1.704-2(i)(4) and shall be interpreted consistently therewith.

 

(e) Notwithstanding any
provision hereof to the contrary except Section 5.2(a) and Section 5.2(b), no Losses or other items of loss or expense
shall be allocated to any Member to the extent that such allocation would cause such Member to have an Adjusted Capital Account
Deficit (or increase any existing Adjusted Capital Account Deficit) at the end of such Fiscal Year or other taxable period. All
Losses and other items of loss and expense in excess of the limitation set forth in this Section 5.2(e) shall be allocated
to the Members who do not have an Adjusted Capital Account Deficit in proportion to their relative positive Capital Accounts but
only to the extent that such Losses and other items of loss and expense do not cause any such Member to have an Adjusted Capital
Account Deficit.

 

(f) Notwithstanding any
provision hereof to the contrary except Section 5.2(c) and Section 5.2(d), in the event any Member unexpectedly receives
any adjustment, allocation or distribution described in paragraph (4), (5) or (6) of Treasury Regulations Section 1.704-1(b)(2)(ii)(d),
items of income and gain (consisting of a pro rata portion of each item of income, including gross income, and gain for
the Fiscal Year or other taxable period) shall be specially allocated to such Member in an amount and manner sufficient to eliminate
any Adjusted Capital Account Deficit of that Member as quickly as possible; provided, that an allocation pursuant to this
Section 5.2(f) shall be made only if and to the extent that such Member would have an Adjusted Capital Account Deficit after
all other allocations provided for in Section 5.1 and Section 5.2 have been tentatively made as if this Section
5.2(f) were not in this Agreement. This Section 5.2(f) is intended to constitute a qualified income offset under Treasury
Regulations Section 1.704-1(b)(2)(ii) and shall be interpreted consistently therewith.

 

    25

     

    

 

(g) If any Member has
a deficit balance in its Capital Account at the end of any Fiscal Year or other taxable period that is in excess of the sum of
(i) the amount that such Member is obligated to restore and (ii) the amount that the Member is deemed to be obligated to restore
pursuant to the penultimate sentence of Treasury Regulations Sections 1.704-2(g)(1) and (i)(5), that Member shall be specially
allocated items of Company income and gain in the amount of such excess as quickly as possible; provided, that an allocation
pursuant to this Section 5.2(g) shall be made only if and to the extent that such Member would have a deficit balance in
its Capital Account in excess of such sum after all other allocations provided for in Section 5.1 and Section 5.2
have been made as if Section 5.2(f) and this Section 5.2(g) were not in this Agreement.

 

(h) To the extent an
adjustment to the adjusted tax basis of any Company asset pursuant to Code Sections 734(b) or 743(b) is required, pursuant to Treasury
Regulations Section 1.704-1(b)(2)(iv)(m)(2) or 1.704-1(b)(2)(iv)(m)(4), to be taken into account in determining Capital
Accounts as a result of a distribution to any Member in complete liquidation of such Member’s Interest in the Company, the
amount of such adjustment to the Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of
the asset) or loss (if the adjustment decreases such basis) and such item of gain or loss shall be allocated to the Members in
accordance with Treasury Regulations Section 1.704-1(b)(2)(iv)(m)(2) if such section applies or to the Member to whom such
distribution was made if Treasury Regulations Section 1.704-1(b)(2)(iv)(m)(4) applies.

 

(i) The allocations set
forth in Sections 5.2(a) through 5.2(h) (the “Regulatory Allocations”) are intended to
comply with certain requirements of Treasury Regulations Sections 1.704-1(b) and 1.704-2. Notwithstanding any other provision of
this Article V (other than the Regulatory Allocations), the Regulatory Allocations (and anticipated future Regulatory Allocations)
shall be taken into account in allocating other items of income, gain, loss and deduction among the Members so that, to the extent
possible, the net amount of such allocation of other items and the Regulatory Allocations to each Member should be equal to the
net amount that would have been allocated to each such Member if the Regulatory Allocations had not occurred. This Section 5.2(i)
is intended to minimize to the extent possible and to the extent necessary any economic distortions which may result from application
of the Regulatory Allocations and shall be interpreted in a manner consistent therewith.

 

Section 5.3 Allocations
for Tax Purposes in General.

 

(a) Except as otherwise
provided in this Section 5.3, each item of income, gain, loss and deduction of the Company for U.S. federal income tax purposes
shall be allocated among the Members in the same manner as such item is allocated under Sections 5.1 and 5.2.

 

(b) In accordance with
Code Section 704(c) and the Treasury Regulations thereunder (including the Treasury Regulations applying the principles of Code
Section 704(c) to changes in Gross Asset Values), items of income, gain, loss and deduction with respect to any Company property
having a Gross Asset Value that differs from such property’s adjusted U.S. federal income tax basis shall, solely for U.S.
federal income tax purposes, be allocated among the Members to account for any such difference using (i) the “traditional
method,” under Treasury Regulations Section 1.704-3(b) with respect to any property deemed to be contributed by Atlas to
the Company and (ii) any method or methods determined by the Managing Member to be appropriate and in accordance with the applicable
Treasury Regulations with respect to any other Company property.

 

    26

     

    

 

(c) Any (i) recapture
of depreciation or any other item of deduction shall be allocated, in accordance with Treasury Regulations Sections 1.1245-1(e)
and 1.1254-5, to the Members who received the benefit of such deductions and (ii) recapture of credits shall be allocated to the
Members in accordance with applicable Law.

 

(d) Allocations pursuant
to this Section 5.3 are solely for purposes of U.S. federal, state and local income taxes and shall not affect or in any
way be taken into account in computing any Member’s Capital Account or share of Profits, Losses, other items or distributions
pursuant to any provision of this Agreement.

 

(e) If, as a result of
an exercise of a noncompensatory option to acquire an interest in the Company, a Capital Account reallocation is required under
Treasury Regulations Section 1.704-1(b)(2)(iv)(s)(3), the Company shall make corrective allocations pursuant to Treasury
Regulations Section 1.704-1(b)(4)(x).

 

(f) Any adjustment to
the adjusted tax basis of Company property pursuant to Code Section 743(b) resulting from a transfer of a Company Interest shall
be handled in accordance with Treasury Regulations section 1.743-1(j).

 

Section 5.4 Other
Allocation Rules.

 

(a) The Members are aware
of the income tax consequences of the allocations made by this Article V and the economic impact of the allocations on the
amounts receivable by them under this Agreement. The Members hereby agree to be bound by the provisions of this Article V
in reporting their share of Company income and loss for U.S. federal and applicable state and local income tax purposes.

 

(b) The provisions regarding
the establishment and maintenance for each Member of a Capital Account as provided by Section 4.4 and the allocations set
forth in Sections 5.1, 5.2 and 5.3 are intended to comply with the Treasury Regulations and to reflect the
intended economic entitlement of the Members. If the Managing Member determines that the application of the provisions in Sections
4.4, 5.1, 5.2 or 5.3 would result in non-compliance with the Treasury Regulations or would be inconsistent
with the intended economic entitlement of the Members, the Managing Member is authorized to make any appropriate adjustments to
such provisions to the extent permitted by applicable Law.

 

(c) All items of income,
gain, loss, deduction and credit allocable to an interest in the Company that may have been Transferred shall be allocated between
the Transferor and the Transferee based on the portion of the Fiscal Year or other taxable period during which each was recognized
as the owner of such interest, without regard to the results of Company operations during any particular portion of that year and
without regard to whether cash distributions were made to the Transferor or the Transferee during that year; provided, however,
that this allocation must be made in accordance with a method determined by the Managing Member and permissible under Code Section
706 and the Treasury Regulations thereunder.

 

(d) The Members’
proportionate shares of the “excess nonrecourse liabilities” of the Company, within the meaning of Treasury Regulations
Section 1.752-3(a)(3), shall be allocated to the Members on a pro rata basis in accordance with the number of Units owned
by each Member.

 

    27

     

    

 

Article
VI

DISTRIBUTIONS

 

Section 6.1 Distributions.

 

(a) Distributions.
To the extent permitted by applicable Law and hereunder, and except as otherwise provided in Section 11.3, distributions
to Members may be declared by the Managing Member out of funds legally available therefor in such amounts and on such terms (including
the payment dates of such distributions) as the Managing Member shall determine (in its sole discretion in accordance with the
fiduciary duties set forth in Section 7.1(b)) using such record date as the Managing Member may designate. Any such distribution
shall be made to the Members as of the close of business on such record date on a pro rata basis (except that, for the avoidance
of doubt, repurchases or redemptions made in accordance with Section 4.1(f) or payments made in accordance with Sections
7.4 or 7.9 need not be on a pro rata basis), in accordance with the number of Units owned by each Member as of
the close of business on such record date; provided, however, that the Managing Member shall have the obligation
to make distributions as set forth in Sections 6.2 and 11.3(b)(iii); and provided, further,
that, notwithstanding any other provision herein to the contrary, no distributions shall be made to any Member to the extent
such distribution would render the Company insolvent or violate the Act. For purposes of the foregoing sentence, insolvency means
the inability of the Company to meet its payment obligations when due. Promptly following the designation of a record date and
the declaration of a distribution pursuant to this Section 6.1, the Managing Member shall give notice to each Member of
the record date, the amount and the terms of the distribution and the payment date thereof.

 

(b) Successors.
For purposes of determining the amount of distributions, each Member shall be treated as having made the Capital Contributions
and as having received the distributions made to or received by its predecessors in respect of any of such Member’s Units.

 

(c) Distributions
In-Kind. Except as otherwise provided in this Agreement, any distributions may be made in cash or in kind, or partly in cash
and partly in kind, as determined by the Managing Member. In the event of any distribution of (i) property in kind or (ii) both
cash and property in kind, each Member shall be distributed its proportionate share of any such cash so distributed and its proportionate
share of any such property so distributed in kind (based on the Fair Market Value of such property). To the extent that the Company
distributes property in-kind to the Members, the Company shall be treated as making a distribution equal to the Fair Market Value
of such property for purposes of Section 6.1(a) and such property shall be treated as if it were sold for an amount equal
to its Fair Market Value. Any resulting gain or loss shall be allocated to the Member’s Capital Accounts in accordance with
Section 5.1 and Section 5.2.

 

    28

     

    

 

Section 6.2 Tax-Related
Distributions. On each Tax Distribution Date, the Company will, subject to the availability of funds and any restrictions
contained in any agreement to which the Company is bound, make distributions to the Members pro rata in proportion to their
respective number of Units in an amount sufficient to cause PubCo to receive a distribution equal to the sum of all of PubCo’s
federal, state, local and non-U.S. tax liabilities during the Fiscal Year or other taxable period to which the tax-related
distribution under this Section 6.2 relates.

 

Section 6.3 Distribution
Upon Withdrawal. No withdrawing Member shall be entitled to receive any distribution or the value of such Member’s
Interest in the Company as a result of withdrawal from the Company prior to the liquidation of the Company, except as specifically
provided in this Agreement.

 

Article
VII

MANAGEMENT

 

Section 7.1 Managing
Member Rights; Fiduciary Duties.

 

(a) PubCo shall be the
sole Managing Member of the Company. Except as otherwise required by Law or expressly provided for in this Agreement, (i) the Managing
Member shall have full and complete charge of all affairs of the Company, (ii) the management and control of the Company’s
business activities and operations shall rest exclusively with the Managing Member, and the Managing Member shall make all decisions
regarding the business, activities and operations of the Company (including the incurrence of costs and expenses) in its sole discretion
without the consent of any other Member and (iii) the Members, other than the Managing Member (in their capacity as such), shall
not participate in the control, management, direction or operation of the activities or affairs of the Company and shall have no
power to act for or bind the Company.

 

(b) In connection with
the performance of its duties as the Managing Member of the Company, except as otherwise set forth herein, the Managing Member
acknowledges that it will owe to the Members the same fiduciary duties as it would owe to the stockholders of a Delaware corporation
if it were a member of the board of directors of such a corporation and the Members were stockholders of such corporation. The
Members acknowledge that the Managing Member will take action through the Board, and that the members of the Board will owe comparable
fiduciary duties to the stockholders of the Managing Member.

 

Section 7.2 Officers.

 

(a) The Managing Member
may appoint, employ or otherwise contract with any Person for the transaction of the business of the Company or the performance
of services for or on behalf of the Company, and the Managing Member may delegate to any such Persons such authority to act on
behalf of the Company as the Managing Member may from time to time deem appropriate.

 

(b) The Officers of the
Company as of the date hereof are set forth on Exhibit B attached hereto.

 

(c) Except as otherwise
set forth herein, the Chief Executive Officer will be responsible for the general and active management of the business of the
Company and its Subsidiaries and will see that all orders of the Managing Member are carried into effect. The Chief Executive Officer
will report to the Managing Member and have the general powers and duties of management usually vested in the office of chief executive
officer of a corporation organized under the DGCL, subject to the terms of this Agreement, and will have such other powers and
duties as may be prescribed by the Managing Member or this Agreement. The Chief Executive Officer will have the power to execute
bonds, mortgages and other contracts requiring a seal, under the seal of the Company, except where required or permitted by Law
to be otherwise signed and executed, and except where the signing and execution thereof will be expressly delegated by the Managing
Member to some other Officer or agent of the Company.

 

    29

     

    

 

(d) Except as set forth
herein, the Managing Member may appoint Officers at any time, and the Officers may include one or more vice presidents, a secretary,
one or more assistant secretaries, a chief financial officer, a general counsel, a treasurer, one or more assistant treasurers,
a chief operating officer, an executive chairman, and any other officers that the Managing Member deems appropriate. Except as
set forth herein, the Officers will serve at the pleasure of the Managing Member, subject to all rights, if any, of such Officer
under any contract of employment. Any individual may hold any number of offices, and an Officer may, but need not, be a Member
of the Company. The Officers will exercise such powers and perform such duties as specified in this Agreement or as determined
from time to time by the Managing Member.

 

(e) Subject to this Agreement
and to the rights, if any, of an Officer under a contract of employment, any Officer may be removed, either with or without cause,
by the Managing Member. Any Officer may resign at any time by giving written notice to the Managing Member. Any resignation will
take effect at the date of the receipt of that notice or at any later time specified in that notice and, unless otherwise specified
in that notice, the acceptance of the resignation will not be necessary to make it effective. Any resignation is without prejudice
to the rights, if any, of the Company under any contract to which the Officer is a party. A vacancy in any office because of death,
resignation, removal, disqualification or any other cause will be filled in the manner prescribed in this Agreement for regular
appointments to that office.

 

(f) The Officers, in
the performance of their duties as such, shall owe to the Company and the Members duties of loyalty and due care of the type owed
by the officers of a corporation to such corporation and its shareholders under the DGCL.

 

Section 7.3 Warranted
Reliance by Officers on Others. In exercising their authority and performing their duties under this Agreement, the Officers
shall be entitled to rely on information, opinions, reports, or statements of the following Persons or groups unless they have
actual knowledge concerning the matter in question that would cause such reliance to be unwarranted:

 

(a) one or more employees
or other agents of the Company or subordinates whom the Officer reasonably believes to be reliable and competent in the matters
presented; and

 

(b) any attorney, public
accountant, or other Person as to matters which the Officer reasonably believes to be within such Person’s professional or
expert competence.

 

    30

     

    

 

Section
7.4 Indemnification.

 

(a) Right to Indemnification.
Each person who was or is made a party or is threatened to be made a party to or is otherwise subject to or involved in any claim,
demand, action, suit or proceeding, whether civil, criminal, administrative or investigative (a “Proceeding”),
by reason of the fact that he or she is or was a director or an officer of the Company or is or was serving at the request of the
Company as a director, officer, employee or agent of another company or of a partnership, joint venture, trust or other enterprise,
including service with respect to an employee benefit plan (an “Indemnitee”), whether the basis of such Proceeding
is alleged action in an official capacity as a director, officer, employee or agent or in any other capacity while serving as a
director, officer, employee or agent, shall be indemnified by the Company to the fullest extent permitted or required by the Act
and any other applicable law, as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the
extent that such amendment permits the Company to provide broader indemnification rights than such law permitted the Company to
provide prior to such amendment), against all expense, Liability and loss (including attorneys’ fees, judgments, fines, ERISA
excise taxes or penalties and amounts paid in settlement) reasonably incurred or suffered by such Indemnitee in connection therewith
(“Indemnifiable Losses”); provided, however, that, except as provided in Section 7.4(d) with respect
to Proceedings to enforce rights to indemnification, the Company shall indemnify any such Indemnitee pursuant to this Section
7.4 in connection with a Proceeding (or part thereof) initiated by such Indemnitee only if such Proceeding (or part thereof)
was authorized by the Board.

 

(b) Right to Advancement
of Expenses. The right to indemnification conferred in Section 7.4(a) shall include the right to advancement by the
Company of any and all expenses (including, without limitation, attorneys’ fees and expenses) incurred in defending any such
Proceeding in advance of its final disposition (an “Advancement of Expenses”); provided, however, that,
if the Act so requires, an Advancement of Expenses incurred by an Indemnitee in his or her capacity as a director or officer (and
not in any other capacity in which service was or is rendered by such Indemnitee, including without limitation service to an employee
benefit plan) shall be made pursuant to this Section 7.4(b) only upon delivery to the Company of an undertaking (an “Undertaking”),
by or on behalf of such Indemnitee, to repay, without interest, all amounts so advanced if it shall ultimately be determined by
final judicial decision from which there is no further right to appeal (a “Final Adjudication”) that such Indemnitee
is not entitled to be indemnified for such expenses under this Section 7.4(b). An Indemnitee’s right to an Advancement
of Expenses pursuant to this Section 7.4(b) is not subject to the satisfaction of any standard of conduct and is not conditioned
upon any prior determination that Indemnitee is entitled to indemnification under Section 7.4(a) with respect to the related
Proceeding or the absence of any prior determination to the contrary.

 

(c) Contract Rights.
The rights to indemnification and to the Advancement of Expenses conferred in Sections 7.4(a) and (b) shall be contract
rights and such rights shall continue as to an Indemnitee who has ceased to be a director, officer, employee or agent and shall
inure to the benefit of the Indemnitee’s heirs, executors and administrators.

 

    31

     

    

 

(d) Right of Indemnitee
to Bring Suit. If a claim under Sections 7.4(a) or (b) is not paid in full by the Company within 60 calendar
days after a written claim has been received by the Company, except in the case of a claim for an Advancement of Expenses, in which
case the applicable period shall be 20 calendar days, the Indemnitee may at any time thereafter bring suit against the Company
to recover the unpaid amount of the claim. If successful in whole or in part in any such suit, or in a suit brought by the Company
to recover an Advancement of Expenses pursuant to the terms of an Undertaking, the Indemnitee shall be entitled to the fullest
extent permitted or required by the Act, as the same exists or may hereafter be amended (but, in the case of any such amendment,
only to the extent that such amendment permits the Company to provide broader reimbursements of prosecution or defense expenses
than such law permitted the Company to provide prior to such amendment), to be paid also the expense of prosecuting or defending
such suit. In (i) any suit brought by the Indemnitee to enforce a right to indemnification hereunder (but not in a suit brought
by the Indemnitee to enforce a right to an Advancement of Expenses) it shall be a defense that, and (ii) any suit brought by the
Company to recover an Advancement of Expenses pursuant to the terms of an Undertaking, the Company shall be entitled to recover
such expenses, without interest, upon a Final Adjudication that, the Indemnitee has not met any applicable standard for indemnification
set forth in the Act. Neither the failure of the Company (including its Managing Member or independent legal counsel) to have made
a determination prior to the commencement of such suit that indemnification of the Indemnitee is proper in the circumstances because
the Indemnitee has met the applicable standard of conduct set forth in the Act, nor an actual determination by the Company (including
the Managing Member or independent legal counsel) that the Indemnitee has not met such applicable standard of conduct, shall create
a presumption that the Indemnitee has not met the applicable standard of conduct or, in the case of such a suit brought by the
Indemnitee, be a defense to such suit. In any suit brought by an Indemnitee to enforce a right to indemnification or to an Advancement
of Expenses hereunder, or brought by the Company to recover an Advancement of Expenses hereunder pursuant to the terms of an Undertaking,
the burden of proving that the Indemnitee is not entitled to be indemnified, or to such Advancement of Expenses, shall be on the
Company.

 

(e) Appearance as
a Witness. Notwithstanding any other provision of this Section 7.4, the Company shall pay or reimburse expenses incurred
by any Person entitled to be indemnified pursuant to this Section 7.4 in connection with such Person’s appearance
as a witness or other participation in a Proceeding at a time when he is not a named defendant or respondent in the Proceeding.

 

(f) Nonexclusivity
of Rights. The rights to indemnification and the Advancement of Expenses conferred in this Section 7.4 shall not be
exclusive of any other right which a Person may have or hereafter acquire under any statute, this Agreement, any agreement, any
vote of stockholders or disinterested directors or otherwise. Nothing contained in this Section 7.4 shall limit or otherwise
affect any such other right or the Company’s power to confer any such other right.

 

(g) No Duplication
of Payments. The Company shall not be liable under this Section 7.4 to make any payment to an Indemnitee in respect
of any Indemnifiable Losses to the extent that the Indemnitee has otherwise actually received payment (net of any expenses incurred
in connection therewith and any repayment by the Indemnitee made with respect thereto) under any insurance policy or from any other
source in respect of such Indemnifiable Losses.

 

(h) Maintenance of
Insurance or Other Financial Arrangements. In compliance with applicable Law, the Company (with the approval of the Managing
Member) may purchase and maintain insurance or make other financial arrangements on behalf of any Person who is or was a Member,
employee or agent of the Company, or at the request of the Company, is or was serving as a manager, director, officer, employee
or agent of another limited liability company, corporation, partnership, joint venture, trust or other enterprise, for any Liability
asserted against such Person and Liability and expenses incurred by such Person in such Person’s capacity as such, or arising
out of such Person’s status as such, whether or not the Company has the authority to indemnify such Person against such expense,
Liability or loss under the Act.

 

    32

     

    

 

Section 7.5 Resignation
or Termination of Managing Member. PubCo shall not, by any means, resign as, cease to be or be replaced as Managing Member
except in compliance with this Section 7.8. No termination or replacement of PubCo as Managing Member shall be effective
unless proper provision is made, in compliance with this Agreement, so that the obligations of PubCo, its successor (if applicable)
and any new Managing Member and the rights of all Members under this Agreement and applicable Law remain in full force and effect.
No appointment of a Person other than PubCo (or its successor, as applicable) as Managing Member shall be effective unless PubCo
(or its successor, as applicable) and the new Managing Member (as applicable) provide all other Members with contractual rights,
directly enforceable by such other Members against PubCo (or its successor, as applicable) and the new Managing Member (as applicable),
to cause (a) PubCo to comply with all PubCo’s obligations under this Agreement (including its obligations under Section
4.6) other than those that must necessarily be taken in its capacity as Managing Member and (b) the new Managing Member to
comply with all the Managing Member’s obligations under this Agreement.

 

Section 7.6 No
Inconsistent Obligations. The Managing Member represents that it does not have any contracts, other agreements, duties
or obligations that are inconsistent with its duties and obligations (whether or not in its capacity as Managing Member) under
this Agreement and covenants that, except as permitted by Section 7.1, it will not enter into any contracts or other agreements
or undertake or acquire any other duties or obligations that are inconsistent with such duties and obligations.

 

Section 7.7 Reclassification
Events of PubCo. If a Reclassification Event occurs, the Managing Member or its successor, as the case may be, shall,
as and to the extent necessary, amend this Agreement in compliance with Section 12.1, and enter into any necessary supplementary
or additional agreements, to ensure that, following the effective date of the Reclassification Event: (i) the redemption rights
of holders of Units set forth in Section 4.6 provide that each Unit (together with the surrender and delivery of one share
of Class B Common Stock) is redeemable for the same amount and same type of property, securities or cash (or combination thereof)
that one share of Class A Common Stock becomes exchangeable for or converted into as a result of the Reclassification Event and
(ii) PubCo or the successor to PubCo, as applicable, is obligated to deliver such property, securities or cash upon such redemption.
PubCo shall not consummate or agree to consummate any Reclassification Event unless the successor Person, if any, becomes obligated
to comply with the obligations of PubCo (in whatever capacity) under this Agreement.

 

    33

     

    

 

Section 7.8 Certain
Costs and Expenses. The Company shall (i) pay, or cause to be paid, all costs, fees, operating expenses and other expenses
of the Company (including the costs, fees and expenses of attorneys, accountants or other professionals and the compensation of
all personnel providing services to the Company) incurred in pursuing and conducting, or otherwise related to, the activities
of the Company and (ii) upon the determination of the Managing Member (acting in its sole discretion in accordance with the fiduciary
duties set forth in Section 7.1(b)), reimburse the Managing Member for any costs, fees or expenses incurred by it in connection
with serving as the Managing Member. To the extent that the Managing Member determines in its sole discretion that such expenses
are related to the business and affairs of the Managing Member that are conducted through the Company and/or its Subsidiaries
(including expenses that relate to the business and affairs of the Company and/or its Subsidiaries and that also relate to other
activities of the Managing Member), the Managing Member may cause the Company to pay or bear all expenses of the Managing Member,
including, without limitation, costs of securities offerings not borne directly by Members, board of directors compensation and
meeting costs, costs of periodic reports to its stockholders, litigation costs and damages arising from litigation, accounting
and legal costs; provided, that the Company shall not pay or bear any income tax obligations of the Managing Member. In
the event that (i) shares of Class A Common Stock or other Equity Securities of PubCo were sold to underwriters in any public
offering after the Effective Time, in each case, at a price per share that is lower than the price per share for which such shares
of Class A Common Stock or other Equity Securities of PubCo are sold to the public in such public offering after taking into account
any Discount and (ii) the proceeds from such public offering are used to fund the Cash Election Amount for any redeemed Units
or otherwise contributed to the Company, the Company shall reimburse the Managing Member for such Discount by treating such Discount
as an additional Capital Contribution made by the Managing Member to the Company, issuing Units in respect of such deemed Capital
Contribution in accordance with Section 4.6(b)(ii), and increasing the Managing Member’s Capital Account by the amount
of such Discount. For the avoidance of doubt, any payments made to or on behalf of the Managing Member pursuant to this Section
7.11 shall not be treated as a distribution pursuant to Section 6.1(a) but shall instead be treated as a cost or an
expense of the Company.

 

Article
VIII

ROLE OF MEMBERS

 

Section 8.1 Rights
or Powers. Other than the Managing Member, the Members, acting in their capacity as Members, shall not have any right
or power to take part in the management or control of the Company or its business and affairs, or to act for or bind the Company
in any way. Notwithstanding the foregoing, the Members have all the rights and powers specifically set forth in this Agreement
and, to the extent not inconsistent with this Agreement, in the Act. Any Member, its Affiliates and its and their employees, stockholders,
agents, directors or officers may also be an employee or be retained as an agent of the Company. Except as specifically provided
herein, a Member (other than the Managing Member) shall not, in its capacity as a Member, take part in the operation, management
or control of the Company’s business, transact any business in the Company’s name or have the power to sign documents
for or otherwise bind the Company.

 

Section 8.2 Voting.

 

(a) Meetings of the Members
may be called by the Managing Member. Such request shall state the location of the meeting and the nature of the business to be
transacted at the meeting. Written notice of any such meeting shall be given to all Members not less than two (2) Business Days
and not more than 30 days prior to the date of such meeting. Members may vote in person, by proxy or by telephone at any meeting
of the Members and may waive advance notice of such meeting. Whenever the vote or consent of Members is permitted or required under
this Agreement, such vote or consent may be given at a meeting of the Members or may be given in accordance with the procedure
prescribed in this Section 8.2. Except as otherwise expressly provided in this Agreement, the affirmative vote of the Members
holding a majority of the outstanding Units shall constitute the act of the Members; provided, that no shares of Class B
Common Stock may be Transferred unless a corresponding number of Units are Transferred therewith in accordance with this Agreement.

 

    34

     

    

 

(b) Each Member may authorize
any Person or Persons to act for it by proxy on all matters in which such Member is entitled to participate, including waiving
notice of any meeting, or voting or participating at a meeting. Every proxy must be signed by such Member or its attorney-in-fact.
No proxy shall be valid after the expiration of 11 months from the date thereof unless otherwise provided in the proxy. Every proxy
shall be revocable at the pleasure of the Member executing it.

 

(c) Each meeting of Members
shall be conducted by an Officer designated by the Managing Member or such other individual Person as the Managing Member deems
appropriate.

 

(d) Any action required
or permitted to be taken by the Members may be taken without a meeting if the requisite Members whose approval is necessary consent
thereto in writing.

 

Section 8.3 Various
Capacities. The Members acknowledge and agree that the Members or their Affiliates will from time to time act in various
capacities, including as a Member or Company Representative.

 

Section
8.4 Investment Opportunities. To the fullest extent permitted by applicable law,
the doctrine of corporate opportunity, or any analogous doctrine, shall not apply to any Member (other than Members who are directors,
officers, employees or other services providers of the Company, PubCo or any of their respective subsidiaries), any of their respective
affiliates (other than the Company, the Managing Member or any of their respective subsidiaries), or any of their respective officers,
directors, agents, shareholders, members, and partners (each, a “Business Opportunities Exempt Party”).
The Company renounces any interest or expectancy of the Company in, or in being offered an opportunity to participate in, business
opportunities that are from time to time presented to any Business Opportunities Exempt Party. No Business Opportunities Exempt
Party who acquires knowledge of a potential transaction, agreement, arrangement or other matter that may be an opportunity for
the Company or any of its subsidiaries shall have any duty to communicate or offer such opportunity to the Company. No amendment
or repeal of this Section 8.4 shall apply to or have any effect on the liability or alleged liability of any Business Opportunities
Exempt Party for or with respect to any opportunities of which any such Business Opportunities Exempt Party becomes aware prior
to such amendment or repeal. Any Person purchasing or otherwise acquiring any interest in any Units shall be deemed to have notice
of and consented to the provisions of this Section 8.4. Neither the alteration, amendment or repeal of this Section 8.4,
nor the adoption of any provision of this Agreement inconsistent with this Section 8.4, shall eliminate or reduce the effect
of this Section 8.4 in respect of any business opportunity first identified or any other matter occurring, or any cause
of action, suit or claim that, but for this Section 8.4, would accrue or arise, prior to such alteration, amendment, repeal
or adoption. Notwithstanding anything to the contrary set forth in this Agreement, except as otherwise required by law, neither
[●] nor any of its Affiliates (including one or more associated investment funds or portfolio companies) nor any of their
respective directors, officers, managers, members, equityholders or employees (each, an “Excluded Person”) shall have
any duty (contractual or otherwise) to communicate or present any corporate opportunities (“Excluded Opportunities”)
to the Company, PubCo or any of their respective subsidiaries, Affiliates or equityholders, and the Company and each of the Members,
on its own behalf and on behalf of their respective Affiliates and equityholders, hereby irrevocably waive any right to require
any Excluded Person to act in a manner inconsistent with the provisions of this Section 8.4. Furthermore, none of the Company
or its subsidiaries or any Member will acquire or be entitled to any interest or participation in any Excluded Opportunities as
a result of the participation therein by an Excluded Person.

 

    35

     

    

 

Article
IX

TRANSFERS OF INTERESTS

 

Section 9.1 Restrictions
on Transfer.

 

(a) Except as provided
in Section 4.6, no Member shall Transfer all or any portion of its Interest without the Managing Member’s prior written
consent, which consent shall be granted or withheld in the Managing Member’s sole discretion. If, notwithstanding the provisions
of this Section 9.1(a), all or any portion of a Member’s Interests are Transferred in violation of this Section
9.1(a), involuntarily, by operation of law or otherwise, then without limiting any other rights and remedies available to the
other parties under this Agreement or otherwise, the Transferee of such Interest (or portion thereof) shall not be admitted to
the Company as a Member nor be entitled to any rights as a Member hereunder, and the Transferor will continue to be bound by all
obligations hereunder, unless and until the Managing Member consents in writing to such admission, which consent shall be granted
or withheld in the Managing Member’s sole discretion. Any attempted or purported Transfer of all or a portion of a Member’s
Interests in violation of this Section 9.1(a) shall, to the fullest extent permitted by law, be null and void and of no
force or effect whatsoever. For the avoidance of doubt, the restrictions on Transfer contained in this Article IX shall
not apply to the Transfer of any capital stock of the Managing Member; provided, that no shares of Class B Common Stock
may be Transferred unless a corresponding number of Units are Transferred therewith in accordance with this Agreement. Notwithstanding
the foregoing, but subject to any other restrictions on Transfers set forth in this Agreement, (i) Atlas may distribute
a number of Common Units (and corresponding shares of Class B Common Stock) to its limited partners (including Atlas Technical
Consultants Management LLC) and to [Bernhard Capital Partners Management LP] and its Affiliates in
accordance with the provisions of Seller’s limited partnership agreement and Atlas Technical Consultants Management
LLC may distribute the Common Units (and corresponding shares of Class B Common Stock) it
receives in such distribution to its members; provided, that any Member that is an entity may elect to make an in-kind
distribution of all or any portion of its Interests to its members, partners or stockholders, as applicable, in each case in accordance
with the terms of its operating agreement, and (B) [Bernhard Capital Partners Management
LP] and its Affiliates shall be permitted to Transfer all or any portion of their respective Interests to any Person so long as
such Transfer would not cause the Company to be treated as a “publicly traded partnership” within the meaning of Section
7704 of the Code or a successor provision.

 

    36

     

    

 

(b) In addition to any
other restrictions on Transfer contained herein, including the provisions of this Article IX, in no event may any Transfer
or assignment of Interests by any Member be made (i) to any Person who lacks the legal right, power or capacity to own Interests;
(ii) if such Transfer would (A) be considered to be effected on or through an “established securities market” or a
“secondary market or the substantial equivalent thereof’ as such terms are used in Treasury Regulations Section 1.7704-1,
(B) result in the Company having more than 100 partners, within the meaning of Treasury Regulations Section 1.7704-1(h)(1) (determined
taking into account the rules of Treasury Regulations Section 1.7704-1(h)(3)), or (C) cause the Company to be treated as a “publicly
traded partnership” within the meaning of Section 7704 of the Code or a successor provision or to be taxed as a corporation
pursuant to the Code or successor of the Code; (iii) if such Transfer would cause the Company to become, with respect to any employee
benefit plan subject to Title I of ERISA, a “party-in-interest” (as defined in Section 3 (14) of ERISA) or a “disqualified
person” (as defined in Section 4975(e)(2) of the Code); (iv) if such Transfer would, in the opinion of counsel to the Company,
cause any portion of the assets of the Company to constitute assets of any employee benefit plan pursuant to the Plan Asset Regulations
or otherwise cause the Company to be subject to regulation under ERISA; (v) if such Transfer requires the registration of such
Interests or any Equity Securities issued upon any exchange of such Interests, pursuant to any applicable U.S. federal or state
securities Laws; or (vi) if such Transfer subjects the Company to regulation under the Investment Company Act or the Investment
Advisors Act of 1940, each as amended (or any succeeding law). Any attempted or purported Transfer of all or a portion of a Member’s
Interests in violation of this Section 9.1(b) shall be null and void and of no force or effect whatsoever.

 

Section 9.2 Notice
of Transfer. Other than in connection with Transfers made pursuant to Section 4.6, each Member shall, after complying
with the provisions of this Agreement, but in any event no later than three Business Days following any Transfer of Interests,
give written notice to the Company of such Transfer. Each such notice shall describe the manner and circumstances of the Transfer.

 

Section 9.3 Transferee
Members. A Transferee of Interests pursuant to this Article IX shall have the right to become a Member only if
(i) the requirements of this Article IX are met, (ii) such Transferee executes an instrument reasonably satisfactory to
the Managing Member agreeing to be bound by the terms and provisions of this Agreement and assuming all of the Transferor’s
then existing and future Liabilities arising under or relating to this Agreement, (iii) such Transferee represents that the Transfer
was made in accordance with all applicable securities Laws, (iv) the Transferor or Transferee shall have reimbursed the Company
for all reasonable expenses (including attorneys’ fees and expenses) of any Transfer or proposed Transfer of a Member’s
Interest, whether or not consummated and (v) if such Transferee or his or her spouse is a resident of a community property jurisdiction,
then such Transferee’s spouse shall also execute an instrument reasonably satisfactory to the Managing Member agreeing to
be bound by the terms and provisions of this Agreement to the extent of his or her community property or quasi-community property
interest, if any, in such Member’s Interest. Unless agreed to in writing by the Managing Member, the admission of a Member
shall not result in the release of the Transferor from any Liability that the Transferor may have to each remaining Member or
to the Company under this Agreement or any other Contract between the Managing Member, the Company or any of its Subsidiaries,
on the one hand, and such Transferor or any of its Affiliates, on the other hand. Written notice of the admission of a Member
shall be sent promptly by the Company to each remaining Member. Notwithstanding anything to the contrary in this Section 9.3,
and except as otherwise provided in this Agreement, following a Transfer by one or more Members (or a transferee of the type described
in this sentence) to a Transferee of all or substantially all of their Interests, such transferee shall succeed to all of the
rights of such Member(s) under this Agreement.

 

    37

     

    

 

Section 9.4 Legend.
Each certificate representing a Unit, if any, will be stamped or otherwise imprinted with a legend in substantially the following
form:

 

“THE SECURITIES REPRESENTED BY
THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933.

 

THESE SECURITIES MAY NOT BE SOLD OR
TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM UNDER SUCH ACT.

 

THE TRANSFER AND VOTING OF THESE SECURITIES
IS SUBJECT TO THE CONDITIONS SPECIFIED IN THE AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF ATLAS TC HOLDINGS LLC,
DATED AS OF [●], 2020, AMONG THE MEMBERS LISTED THEREIN, AS IT MAY BE AMENDED, SUPPLEMENTED AND/OR RESTATED FROM TIME TO
TIME, (COPIES OF WHICH ARE ON FILE WITH THE SECRETARY OF THE COMPANY AND SHALL BE PROVIDED FREE OF CHARGE TO ANY MEMBER MAKING
A REQUEST THEREFOR) AND NO TRANSFER OF THESE SECURITIES WILL BE VALID OR EFFECTIVE UNTIL SUCH CONDITIONS HAVE BEEN FULFILLED.

 

Article
X

ACCOUNTING

 

Section 10.1 Books
of Account. The Company shall, and shall cause each Subsidiary to, maintain true books and records of account in which
full and correct entries shall be made of all its business transactions pursuant to a system of accounting established and administered
in accordance with GAAP, and shall set aside on its books all such proper accruals and reserves as shall be required under GAAP.

 

Section 10.2 Tax
Elections.

 

(a) The Company and any
eligible Subsidiary shall make an election (or continue a previously made election) pursuant to Section 754 of the Code for the
taxable year of the Company that includes the date hereof, shall not thereafter revoke such election and shall make a new election
pursuant to Section 754 of the Code to the extent necessary following any “termination” of the Company or the Subsidiary,
as applicable, under Section 708 of the Code. In addition, the Company shall make the following elections on the appropriate forms
or tax returns:

 

(i) to adopt
the calendar year as the Company’s Fiscal Year, if permitted under the Code;

 

(ii) to adopt
the accrual method of accounting for U.S. federal income tax purposes;

 

(iii) to elect
to amortize the organizational expenses of the Company as permitted by Section 709(b) of the Code; and

 

(iv) except
as otherwise provided in this Agreement, any other election the Managing Member may deem appropriate and in the best interests
of the Company.

 

    38

     

    

 

Section 10.3 Tax
Returns; Information. The Company Representative shall arrange for the preparation and timely filing of all income and
other tax and informational returns of the Company. The Company Representative shall furnish to each Member a copy of each approved
return and statement, together with any schedules or other information which each Member may require in connection with such Member’s
own tax affairs as soon as practicable (but in no event more than [ninety]2
days after the end of each Fiscal Year). The Members agree to take all actions reasonably requested by the Company
or the Company Representative to comply with the Bipartisan Budget Act, including where applicable, filing amended returns as
provided in Sections 6225 or 6226 of the Code and providing confirmation thereof to the Company Representative, or to otherwise
allow the Company or Company Representative to avoid or reduce any. To the fullest extent allowable by law, and except with respect
to the information described in the first sentence of this Section 10.3, each Member (other than the Managing Member) hereby
waives all rights to any information that it may otherwise obtain pursuant to Section 18-505 of the Act.

 

Section 10.4 Company
Representative. The Managing Member is specially authorized and appointed to act as the Company Representative. The Company
Representative may retain, at the Company’s expense, such outside counsel, accountants and other professional consultants
as it may reasonably deem necessary in the course of fulfilling its obligations as Company Representative.

 

Section 10.5 Withholding
Tax Payments and Obligations.

 

(a) Upon providing reasonable
advance written notice of its intention to withhold and giving a Member a reasonable opportunity to demonstrate that withholding
may not be required or, alternatively, that withholding at a lesser tax rate may be permissible, the Company and its Subsidiaries
may withhold from distributions, allocations or portions thereof if it is required to do so by any applicable rule, regulation
or law, and each Member hereby authorizes the Company and its Subsidiaries to withhold or pay on behalf of or with respect to such
Member any amount of taxes that the Managing Member determines, in Good Faith, that the Company or any of its Subsidiaries is required
to withhold or pay with respect to any amount distributable or allocable to such Member pursuant to this Agreement.

 

(b) To the extent that
any tax is paid by (or withheld from amounts payable to) the Company or any of its Subsidiaries and the Managing Member determines,
in Good Faith, that such tax relates to one or more specific Members (including any tax payable by the Company or any of its Subsidiaries
pursuant to Section 6225 of the Code with respect to items of income, gain, loss deduction or credit allocable or attributable
to such Member), such tax shall be treated as an amount of taxes withheld or paid with respect to such Member pursuant to this
Section 10.5.

 

 

2
Note to Draft: Subject to confirmation by Buyer.

 

    39

     

    

 

(c) For all purposes
under this Agreement, any amounts withheld or paid with respect to a Member pursuant to this Section 10.5 shall be treated
as if distributed to such Member at the time such withholding or payment is made. Further, to the extent that the cumulative amount
of such withholding or payment for any period exceeds the distributions to which such Member is entitled for such period, the amount
of such excess shall be considered a loan from the Company to such Member, with interest accruing at the Prime Rate in effect from
time to time, compounded annually. The Managing Member may, in its discretion, either demand payment of the principal and accrued
interest on such demand loan at any time (which payment shall not be deemed a Capital Contribution for purposes of this Agreement),
and enforce payment thereof by legal process, or may withhold from one or more distributions to a Member amounts sufficient to
satisfy such Member’s obligations under any such demand loan.

 

(d) Neither the Company
nor the Managing Member shall be liable for any excess taxes withheld in respect of any Member, and, in the event of over withholding,
a Member’s sole recourse shall be to apply for a refund from the appropriate Governmental Entity.

 

(e) Notwithstanding any
other provision of this Agreement, (i) any Person who ceases to be a Member shall be treated as a Member for purposes of this Section
10.5 and (ii) the obligations of a Member pursuant to this Section 10.5 shall survive indefinitely with respect to any
taxes withheld or paid by the Company that relate to the period during which such Person was actually a Member, regardless of whether
such taxes are assessed, withheld or otherwise paid during such period.

 

Article
XI

DISSOLUTION

 

Section 11.1 Liquidating
Events. The Company shall dissolve and commence winding up and liquidating upon the first to occur of the following (each,
a “Liquidating Event”):

 

(a) the sale of all or
substantially all of the assets of the Company;

 

(b) the determination
of the Managing Member to dissolve the Company;

 

(c) the termination of
the legal existence of the last remaining member of the Company or the occurrence of any other event which terminates the continued
membership of the last remaining member of the Company in the Company unless the Company is continued without dissolution in a
manner permitted by this Agreement or the Act; and

 

(d) the entry of a decree
of judicial dissolution under Section 18‒802 of the Act.

 

The Members hereby agree that the Company
shall not dissolve prior to the occurrence of a Liquidating Event and that no Member shall seek a dissolution of the Company, under
Section 18-802 of the Act or otherwise, other than based on the matters set forth in subsections (a) and (b) above.
In the event of a dissolution pursuant to Section 11.1(b), the relative economic rights of each class of Units immediately
prior to such dissolution shall be preserved to the greatest extent practicable with respect to distributions made to Members pursuant
to Section 11.3 in connection with such dissolution, taking into consideration tax and other legal constraints that may
adversely affect one or more parties to such dissolution and subject to compliance with applicable laws and regulations, unless,
with respect to any class of Units, holders of a majority of the Units of such class consent in writing to a treatment other than
as described above.

 

    40

     

    

 

Section 11.2 Bankruptcy.
For purposes of this Agreement, the “bankruptcy” of a Member shall mean the occurrence of any of the following: (a)
(i) any Governmental Entity shall take possession of any substantial part of the property of that Member or shall assume control
over the affairs or operations thereof (ii) or a receiver or trustee shall be appointed, or a writ, order, attachment or garnishment
shall be issued with respect to any substantial part thereof, and such possession, assumption of control, appointment, writ or
order shall continue for a period of 90 consecutive days, (b) a Member shall (i) admit in writing of its inability to pay its
debts when due, or make an assignment for the benefit of creditors, (ii) apply for or consent to the appointment of any receiver,
trustee or similar officer or for all or any substantial part of its property or (iii) institute (by petition, application, answer,
consent or otherwise) any bankruptcy, insolvency, reorganization, arrangement, readjustment of debts, dissolution, liquidation,
or similar proceeding under the Laws of any jurisdiction or (c) a receiver, trustee or similar officer shall be appointed for
such Member or with respect to all or any substantial part of its property without the application or consent of that Member,
and such appointment shall continue undischarged or unstayed for a period of 90 consecutive days or any bankruptcy, insolvency,
reorganization, arrangements, readjustment of debt, dissolution, liquidation or similar proceedings shall be instituted (by petition,
application or otherwise) against that Member and shall remain undismissed for a period of 90 consecutive days.

 

Section 11.3 Procedure.

 

(a) In the event of the
dissolution of the Company for any reason, the Members shall commence to wind up the affairs of the Company and to liquidate the
Company’s investments; provided, that if a Member is in bankruptcy or dissolved, the Managing Member shall commence
to wind up the affairs of the Company and, subject to Section 11.4(a), the Managing Member shall have full right and unlimited
discretion to determine in Good Faith the time, manner and terms of any sale or sales of the Property or other assets pursuant
to such liquidation, having due regard to the activity and condition of the relevant market and general financial and economic
conditions. The Members shall continue to share profits and losses during the period of liquidation in the same manner and proportion
as though the Company had not dissolved. The Company shall engage in no further business except as may be necessary, in the reasonable
discretion of the Managing Member, to preserve the value of the Company’s assets during the period of dissolution and liquidation.

 

(b) Following the allocation
of all Profits and Losses as provided in Article V, the proceeds of the liquidation and any other funds of the Company shall
be distributed in the following order of priority:

 

(i) First,
to set up such cash reserves which the Managing Member reasonably deems necessary for contingent, conditional or unmatured Liabilities
or future payments described in Section 11.3(b) (which reserves when they become unnecessary shall be distributed in accordance
with the provisions of subsection (iii), below);

 

(ii) Second,
to the payment of all expenses of liquidation and discharge of all of the Company’s debts and Liabilities to creditors (whether
third parties or, to the fullest extent permitted by law, Members), in the order of priority as provided by Law, except any obligations
to the Members in respect of their Capital Accounts or liabilities under 18-601 or 18-604 of the Act; and

 

(iii) Third,
the balance to the Members, pro rata in proportion to their respective ownership of Units.

 

    41

     

    

 

(c) Except as provided
in Section 11.4(a), no Member shall have any right to demand or receive property other than cash upon dissolution and termination
of the Company.

 

(d) Upon the completion
of the liquidation of the Company and the distribution of all Company funds, the Company shall terminate and the Managing Member
shall have the authority to execute and record a certificate of cancellation of the Company, as well as any and all other documents
required to effectuate the dissolution and termination of the Company.

 

Section 11.4 Rights
of Members.

 

(a) Each Member irrevocably
waives any right that it may have to maintain an action for partition with respect to the property of the Company.

 

(b) Except as otherwise
provided in this Agreement, (i) each Member shall look solely to the assets of the Company for the return of its Capital Contributions,
and (ii) no Member shall have priority over any other Member as to the return of its Capital Contributions, distributions or allocations.

 

Section 11.5 Notices
of Dissolution. In the event a Liquidating Event occurs or an event occurs that would, but for the provisions of Section
11.1, result in a dissolution of the Company, the Company shall, within 30 days thereafter, (a) provide written notice thereof
to each of the Members and to all other parties with whom the Company regularly conducts business (as determined in the discretion
of the Managing Member), and (b) comply, in a timely manner, with all filing and notice requirements under the Act or any other
applicable Law.

 

Section 11.6 Reasonable
Time for Winding Up. A reasonable time shall be allowed for the orderly winding up of the business and affairs of the
Company and the liquidation of its assets in order to minimize any losses that might otherwise result from such winding up.

 

Section 11.7 No
Deficit Restoration. No Member shall be personally liable for a deficit Capital Account balance of that Member, it being
expressly understood that the distribution of liquidation proceeds shall be made solely from existing Company assets.

 

    42

     

    

 

Article
XII

GENERAL

 

Section 12.1 Amendments;
Waivers.

 

(a) The terms and provisions
of this Agreement may be waived, modified or amended (including by means of merger, consolidation or other business combination
to which the Company is a party) only with both (y) the approval of the Managing Member and (z) except for any amendment pursuant
to Section 7.8, if, at such time, Atlas beneficially owns any Units, the approval of Bernhard Capital Partners Management
LP; provided, that no waiver, modification or amendment shall be effective until after written notice is provided to the
Members that the requisite consent has been obtained for such waiver, modification or amendment, and, for the avoidance of doubt,
any Member, including any Member not providing written consent, shall have the right to file a Redemption Notice prior to the effectiveness
of such waiver, modification or amendment; provided, further, that no amendment to this Agreement may:

 

(i) modify
the limited liability of any Member, or increase the liabilities or obligations of any Member, in each case, without the prior
written consent of each such affected Member; or

 

(ii) except
as provided in the provisos in the last sentence of Section 4.3, alter or change any rights, preferences or privileges of
any Interests in a manner that is different or prejudicial relative to any other Interests, without the prior written approval
of a majority in interest of the Members holding the Interests affected in such a different or prejudicial manner.

 

(b) Notwithstanding the
foregoing subsection (a), the Managing Member, acting alone, may amend this Agreement, including Exhibit A, (i) to
reflect the admission of new Members, Transfers of Interests, the issuance of additional Units or Equity Securities, as provided
by the terms of this Agreement, and, subject to Section 12.1(a), subdivisions or combinations of Units made in compliance
with Section 4.1(g) and (ii) as necessary, and solely to the extent necessary, in the reasonable advice of legal counsel
or a qualified tax advisor (including any nationally recognized accounting firm) to the Company, to avoid the Company being classified
as a “publicly traded partnership” within the meaning of Section 7704(b) of the Code.

 

(c) No waiver of any
provision or default under, nor consent to any exception to, the terms of this Agreement or any agreement contemplated hereby shall
be effective unless in writing and signed by the Party to be bound and then only to the specific purpose, extent and instance so
provided.

 

Section 12.2 Further
Assurances. Each Party agrees that it will from time to time, upon the reasonable request of another Party, execute such
documents and instruments and take such further action as may be required to accomplish the purposes of this Agreement.

 

Section 12.3 Successors
and Assigns. All of the terms and provisions of this Agreement shall be binding upon the parties and their respective
successors and assigns, but shall inure to the benefit of and be enforceable by the successors and assigns of any Member only
to the extent that they are permitted successors and assigns pursuant to the terms hereof. No party may assign its rights hereunder
except as herein expressly permitted.

 

Section 12.4 Entire
Agreement. This Agreement, together with all Exhibits and Schedules hereto and all other agreements referenced therein
and herein, constitute the entire agreement between the parties hereto pertaining to the subject matter hereof and supersede all
prior and contemporaneous agreements, understandings, negotiations and discussions, whether oral or written, of the parties and
there are no warranties, representations or other agreements between the parties in connection with the subject matter hereof
except as specifically set forth herein and therein.

 

    43

     

    

 

Section 12.5 Rights
of Members Independent. The rights available to the Members under this Agreement and at Law shall be deemed to be several
and not dependent on each other and each such right accordingly shall be construed as complete in itself and not by reference
to any other such right. Any one or more and/or any combination of such rights may be exercised by a Member and/or the Company
from time to time and no such exercise shall exhaust the rights or preclude another Member from exercising any one or more of
such rights or combination thereof from time to time thereafter or simultaneously.

 

Section 12.6 Governing
Law. This Agreement, the legal relations between the parties and any Action, whether contractual or non-contractual, instituted
by any Party with respect to matters arising under or growing out of or in connection with or in respect of this Agreement, shall
be governed by and construed in accordance with the Laws of the State of Delaware applicable to contracts made and performed in
such State and without regard to conflicts of law doctrines, except to the extent that certain matters are preempted by federal
Law.

 

Section 12.7 Jurisdiction
and Venue. The parties hereto hereby agree and consent to be subject to the jurisdiction of any federal court of the District
of Delaware or the Delaware Court of Chancery over any Action arising out of or in connection with this Agreement. The parties
hereto irrevocably waive the defense of an inconvenient forum to the maintenance of any such Action. Each of the parties hereto
further irrevocably consents, to the fullest extent permitted by law, to the service of process out of any of the aforementioned
courts in any such Action by the mailing of copies thereof by registered mail, postage prepaid, to such Party at its address set
forth in this Agreement, such service of process to be effective upon acknowledgment of receipt of such registered mail. Nothing
in this Section 12.7 shall affect the right of any Party hereto to serve legal process in any other manner permitted by
law.

 

Section 12.8 Headings.
The descriptive headings of the Articles, Sections and subsections of this Agreement are for convenience only and do not constitute
a part of this Agreement.

 

Section 12.9 Counterparts.
This Agreement and any amendment hereto or any other agreement (or document) delivered pursuant hereto may be executed in one
or more counterparts and by different parties in separate counterparts. All of such counterparts shall constitute one and the
same agreement (or other document) and shall become effective (unless otherwise provided therein) when one or more counterparts
have been signed by each Party and delivered to the other Party. Any signature hereto delivered by a Party by facsimile or other
means of electronic transmission shall be deemed an original signature hereto.

 

    44

     

    

 

Section 12.10 Notices.
Any notice, request, demand or other communication hereunder must be given in writing and (a) delivered in person, (b) transmitted
by facsimile, by telecommunications mechanism or electronically or (c) mailed by certified or registered mail, postage prepaid,
receipt requested as follows:

 

If to the Company or the Managing Member, addressed
to it at:

 

[●]

13215 Bee Cave Parkway

Bldg. A, Suite 260

Austin, Texas 78738

Attention: L. Joseph Boyer

Email: joe.boyer@atlastechnical.us

 

and

 

[●]

8801 Calera Drive

Austin, Texas 78735

Attention: Steve Kadenacy

Email: sk@boxwoodmc.com

 

With copies (which shall not constitute notice) to:

 

Kirkland & Ellis, LLP

609 Main Street, Suite 4700

Houston, TX 77002

	 	Fax:	(713) 836-3601
	 	Email:	wbenitez@kirkland.com 
	 	 	julian.seiguer@kirkland.com
	 	Attention:	William J. Benitez, P.C. 
	 	 	Julian J. Seiguer, P.C.

 

and

 

Winston & Strawn

200 Park Avenue

New York, New York 10166-4193

	 	Fax:	(212) 294-5336
	 	Email:	jrubinstein@winston.com
	 	 	josborn@winston.com
	 	Attention:	Joel Rubinstein
	 	 	Jason Osborn

 

or to such other address or to such other
Person as either Party shall have last designated by such notice to the other parties. Each such notice or other communication
shall be effective (i) if given by telecommunication or electronically, when transmitted to the applicable number or electronic
mail address so specified in (or pursuant to) this Section 12.10 and an appropriate answerback is received or, if transmitted
after 5:00 p.m. Texas time on a Business Day in the jurisdiction to which such notice is sent or at any time on a day that is not
a Business Day in the jurisdiction to which such notice is sent, then on the immediately following Business Day, (ii) if given
by mail, on the first Business Day in the jurisdiction to which such notice is sent following the date three days after such communication
is deposited in the mails with first class postage prepaid, addressed as aforesaid or (iii) if given by any other means, on the
Business Day when actually received at such address or, if not received on a Business Day, on the Business Day immediately following
such actual receipt.

 

    45

     

    

 

Section 12.11 Representation
by Counsel; Interpretation. The Parties acknowledge that each Party to this Agreement has been represented by counsel
in connection with this Agreement and the transactions contemplated by this Agreement. Accordingly, any rule of Law, or any legal
decision that would require interpretation of any claimed ambiguities in this Agreement against the party that drafted it has
no application and is expressly waived.

 

Section
12.12 Severability. If any provision of this Agreement is determined to be invalid, illegal or unenforceable by
any Governmental Entity, the remaining provisions of this Agreement, to the extent permitted by Law shall remain in full force
and effect; provided, that the essential terms and conditions of this Agreement for all parties remain valid, binding and
enforceable.

 

Section 12.13 Expenses.
Except as otherwise provided in this Agreement, each Party shall bear its own expenses in connection with the transactions contemplated
by this Agreement.

 

Section 12.14 Waiver
of Jury Trial. EACH OF THE COMPANY, THE MEMBERS, THE MANAGING MEMBER AND ANY INDEMNITEES SEEKING REMEDIES HEREUNDER, HEREBY
WAIVES TO THE FULLEST EXTENT PERMITTED BY LAW ANY RIGHT IT MAY HAVE TO TRIAL BY JURY IN RESPECT OF ANY CLAIM, DEMAND, ACTION OR
CAUSE OF ACTION BASED ON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY,
OR ANY COURSE OF CONDUCT, COURSE OF DEALING, VERBAL OR WRITTEN STATEMENT OR ACTION OF ANY MEMBER OR INDEMNITEE, IN EACH CASE,
WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY OR OTHERWISE.

 

Section 12.15 No
Third Party Beneficiaries. Except as expressly provided in Sections 7.4 and 10.2, nothing in this Agreement,
express or implied, is intended to confer upon any Party, other than the parties hereto and their respective successors and permitted
assigns, any rights or remedies under this Agreement or otherwise create any third party beneficiary hereto.

 

Section 12.16
No Recourse. Notwithstanding anything that may be expressed or implied in this
Agreement (except in the case of the immediately succeeding sentence) or any document, agreement, or instrument delivered contemporaneously
herewith, and notwithstanding the fact that any Party may be a partnership or limited liability company, each Party hereto, by
its acceptance of the benefits of this Agreement, covenants, agrees and acknowledges that no Persons other than the Parties shall
have any obligation hereunder and that it has no rights of recovery hereunder against, and no recourse hereunder or under any
documents, agreements, or instruments delivered contemporaneously herewith or in respect of any oral representations made or alleged
to be made in connection herewith or therewith shall be had against, any former, current or future director, officer, agent, Affiliate,
manager, assignee, incorporator, controlling Person, fiduciary, representative or employee of any Party (or any of their successor
or permitted assignees), against any former, current, or future general or limited partner, manager, stockholder or member of
any Party (or any of their successors or permitted assignees) or any Affiliate thereof or against any former, current or future
director, officer, agent, employee, Affiliate, manager, assignee, incorporator, controlling Person, fiduciary, representative,
general or limited partner, stockholder, manager or member of any of the foregoing, but in each case not including the Parties
(each, but excluding for the avoidance of doubt, the Parties, a “Party Affiliate”),
whether by or through attempted piercing of the corporate veil, by or through a claim (whether in tort, contract or otherwise)
by or on behalf of such party against the Party Affiliates, by the enforcement of any assessment or by any legal or equitable
proceeding, or by virtue of any statute, regulation or other applicable Law, or otherwise; it being expressly agreed and acknowledged
that no personal liability whatsoever shall attach to, be imposed on, or otherwise be incurred by any Party Affiliate, as such,
for any obligations of the applicable party under this Agreement or the transactions contemplated hereby, under any documents
or instruments delivered contemporaneously herewith, in respect of any oral representations made or alleged to be made in connection
herewith or therewith, or for any claim (whether in tort, contract or otherwise) based on, in respect of, or by reason of, such
obligations or their creation. Notwithstanding the foregoing, a Party Affiliate may have obligations under any documents, agreements
or instruments delivered contemporaneously herewith or otherwise contemplated by this Agreement if such Party Affiliate is a party
to such document, agreement, agreement or instrument. Except to the extent otherwise expressly set forth in, and subject in all
cases to the terms and conditions of and limitations herein, this Agreement may only be enforced against, and any claim or cause
of action of any kind based upon, arising out of, or related to this Agreement, or the negotiation, execution or performance of
this Agreement, may only be brought against the Persons that are expressly named as parties hereto and then only with respect
to the specific obligations set forth herein with respect to such Party. Each Party Affiliate is expressly intended as a third
party beneficiary of this Section 12.16.

 

[Signatures on Next Page]

 

    46

     

    

 

IN WITNESS WHEREOF,
each of the Parties hereto has caused this Amended and Restated Limited Liability Company Agreement to be executed as of the day
and year first above written.

 

	 	COMPANY:
	 	 
	 	ATLAS TC HOLDINGS LLC
	 	 
	 	By:	                                   
	 	Name:	 
	 	Title:	 

 

	 	MANAGING MEMBER:
	 	 
	 	BOXWOOD MERGER CORP.
	 	 
	 	By:	                                     
	 	Name:	 
	 	Title:	 

 

	 	MEMBERS:
	 	 
	 	ATLAS TECHNICAL CONSULTANTS HOLDINGS LP
	 	 
	 	By: 	Atlas Technical Consultants Holdings GP LLC
	 	Its:	General Partner
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

Signature Page to Amended and
Restated Limited Liability Company Agreement of Atlas TC Holdings LLC

 

     

     

    

 

EXHIBIT A

 

	Members	 	Number of Shares of Class B Common Stock Owned	 	Number of Units Owned 	 	Closing Date Capital Account Balance 
	Boxwood Merger Corp.	 	[●]	 	[●]	 	[●]
	Atlas Technical Consultants Holdings LP	 	[●]	 	[●]	 	[●]

 

 

 

Exhibit A to the Amended and Restated
Limited Liability Company Agreement

of Atlas TC Holdings LLC

 

     

     

    

 

EXHIBIT B

 

Officer Listing

 

 

 

 

 

 

 

Exhibit B to the Amended and Restated
Limited Liability Company Agreement

of Atlas Intermediate Holdings LLC

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00303-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00303-of-00352.parquet"}]]