Document:

Exhibit
4.1

 

WARRANT
AGREEMENT

 

Dated
as of March 22, 2021 

 

between

 

GLOBAL
TECH INDUSTRIES GROUP, INC.

 

and

 

LIBERTY
STOCK TRANSFER AGENT

 

as
Warrant Agent

 

 

 

WARRANTS
FOR

COMMON
STOCK OF

GTII

 

    	 

    	 

    

 

TABLE
OF CONTENTS

 

	 	 	Page
	 	ARTICLE
                                         I

        DEFINITIONS
	 
	 	 	 
	SECTION
    1.01.	Definitions	1
	 	 	 
	SECTION
    1.02.	Other
    Definitions	3
	 	 	 
	SECTION
    1.03.	Rules
    of Construction	4
	 	 	 
	 	ARTICLE
                                         II

        FORM
        OF WARRANT; BENEFICIAL INTERESTS
	 
	 	 	 
	SECTION
    2.01.	Issuance
    and Registration	4
	 	 	 
	SECTION
    2.02.	Warrant
    Certificates	5
	 	 	 
	SECTION
    2.03.	Warrant
    Register	6
	 	 	 
	SECTION
    2.04.	Transfer
    and Exchange	6
	 	 	 
	SECTION
    2.05.	Definitive
    Warrants	6
	 	 	 
	SECTION
    2.06.	Replacement
    Certificates	7
	 	 	 
	SECTION
    2.07.	Outstanding
    Warrants	7
	 	 	 
	SECTION
    2.08.	Cancellation	7
	 	 	 
	SECTION
    2.09.	CUSIP
    Numbers	7
	 	 	 
	 	ARTICLE
                                         III

        EXERCISE
        TERMS
	 
	 	 	 
	SECTION
    3.01.	Exercise	7
	 	 	 
	SECTION
    3.02.	Exercise
    Period	8
	 	 	 
	SECTION
    3.03.	Expiration	8
	 	 	 
	SECTION
    3.04.	Manner
    of Exercise	8
	 	 	 
	SECTION
    3.05.	Issuance
    of Warrant Shares	9

 

    	i

    	 

    

 

	SECTION
    3.06.	Fractional
    Warrant Shares	9
	 	 	 
	SECTION
    3.07.	Reservation
    of Warrant Shares	9
	 	 	 
	 	ARTICLE
                                         4

        ADJUSTMENT
        AND NOTICES PROVISIONS
	 
	 	 	 
	SECTION
    4.01.	Adjustments	9
	 	 	 
	SECTION
    4.02.	Calculation
    of Adjustments	10
	 	 	 
	SECTION
    4.03.	Business
    Combinations and Reorganizations	11
	 	 	 
	SECTION
    4.04.	Notice
    of Adjustments	11
	 	 	 
	SECTION
    4.05.	Adjustment
    to Warrant Certificate	11
	 	 	 
	 	ARTICLE
                                         V

        REGISTRATION
        OF WARRANT SHARES
	 
	 	 	 
	SECTION
    5.01.	Effectiveness
    of Registration Statement	12
	 	 	 
	SECTION
    5.02.	Suspension	12
	 	 	 
	SECTION
    5.03.	Blue
    Sky	12
	 	 	 
	SECTION
    5.04.	Expenses	12
	 	 	 
	SECTION
    5.05.	Delivery
    of Documents to Holders	12
	 	 	 
	 	ARTICLE
                                         VII

        WARRANT
        AGENT
	 
	 	 	 
	SECTION
    6.01.	Appointment
    of Warrant Agent	13
	 	 	 
	SECTION
    6.02.	Rights
    and Duties of Warrant Agent	13
	 	 	 
	SECTION
    6.03.	Individual
    Rights of Warrant Agent	14
	 	 	 
	SECTION
    6.04.	Warrant
    Agent’s Disclaimer	14
	 	 	 
	SECTION
    6.05.	Compensation
    and Indemnity	14
	 	 	 
	SECTION
    6.06.	Successor
    Warrant Agent	14

 

    	ii

    	 

    

 

	 	ARTICLE
                                         VII

        MISCELLANEOUS
	 
	 	 	 
	SECTION
    7.01.	Persons
    Benefiting	15
	 	 	 
	SECTION
    7.02.	Rights
    of Holders	15
	 	 	 
	SECTION
    7.03.	Amendment	15
	 	 	 
	SECTION
    7.04.	Notices	16
	 	 	 
	SECTION
    7.05.	Governing
    Law	16
	 	 	 
	SECTION
    7.06.	Successors	16
	 	 	 
	SECTION
    7.07.	Counterparts	17
	 	 	 
	SECTION
    7.08.	Severability	17
	 	 	 
	SECTION
    7.09.	Withholding
    Rights	17
	 	 	 
	EXHIBIT
    A	Form
    of Warrant	 

 

    	iii

    	 

    

 

WARRANT
AGREEMENT, dated as of March 22, 2021 (this “Agreement”), between GLOBAL TECH INDUSTRIES GROUP, INC., a Nevada
corporation (the “Company”), and LIBERTY STOCK TRANSFER, INC, as Warrant Agent (the “Warrant Agent”) (each
a “Party” and collectively, the “Parties”).

 

The
Company has declared a dividend (the “Dividend”) to the holders of record of the Company’s common stock, par
value $0.001 per share (the “Common Stock”), as of 5:00 P.M., New York City time, on April 1st, 2021 (such date and
time, the “Dividend Record Date”), in the form of warrants to purchase shares of Common Stock. The Company desires
to issue the warrants on the terms and conditions described herein (the “Warrants”) in satisfaction of the Dividend.
Each holder of record of Common Stock as of the Dividend Record Date is entitled to 0.10 Warrants per share of Common Stock held
of record by such holder as of the Dividend Record Date; provided, however, that no fractional Warrants will be
issued. The Warrants will be issued on or about April 8, 2021 (the “Issue Date”).

 

The
Company desires the Warrant Agent to act on behalf of the Company in connection with the issuance, registration, transfer, exchange,
exercise and cancellation of the Warrants as provided herein, and the Warrant Agent is willing to so act.

 

Each
Party agrees for the benefit of the other Party and for the equal and ratable benefit of the registered holders of the Warrants
(the “Holders”):

 

ARTICLE
I

DEFINITIONS

 

SECTION
1.01. Definitions.

 

“Affiliate”
of any Person means any other Person that, directly or indirectly, is in control of, is controlled by or is under common control
with such Person. For the purposes hereof, “control” of a Person means the power, direct or indirect, to direct or
cause the direction of the management and policies of such Person whether by contract or otherwise; and the terms “controlling”
and “controlled” have meanings correlative to the foregoing.

 

“Board
of Directors” means the Board of Directors of the Company or any committee thereof duly authorized to act on behalf
of such Board of Directors.

 

“Business
Combination” means a merger, consolidation, statutory share exchange or similar transaction that requires the approval
of the Company’s stockholders.

 

“Business
Day” means each day that is not a Saturday, a Sunday or a day on which banking institutions are not required by law,
regulation or an executive order to be open in the State of New York.

 

“Capital
Stock” means (i) with respect to any Person that is a corporation or company, any and all shares, interests, participations
or other equivalents (however designated) of capital or capital stock of such Person and (ii) with respect to any Person that
is not a corporation or company, any and all partnership or other equity interests of such Person.

 

“Definitive
Warrant” means a Warrant Certificate in definitive form that is not deposited with the Depositary or with the Warrant
Agent as the Warrant Custodian.

 

“Depositary”
or “DTC” means The Depository Trust Company, its nominees and their respective successors.

 

    	 	 	Page 1 of 18

     

    

 

“Exchange
Act” means the U.S. Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as they may
be amended from time to time.

 

“Fair
Market Value” means, with respect to any security or other property, the fair market value of such security or other
property as determined by the Board of Directors, acting in good faith.

 

“Market
Price” means, with respect to the Common Stock, on any given day, the last sale price, regular way, or, in case no such
sale takes place on such day, the average of the closing bid and asked prices, regular way, of the shares of the Common Stock
on the exchange or market on such day. If the Common Stock is not listed on a U.S exchange on any date of determination, the Market
Price of the Common Stock on such date of determination means the last quoted bid price for the Common Stock in the over-the-counter
market as reported by OTC Markets Group Inc. or a similar organization, or, if that bid price is not available, the Market Price
of the Common Stock on that date shall mean the Fair Market Value per share as determined by the Board of Directors in reliance
on the advice of a nationally recognized independent investment banking firm retained by the Company for this purpose.

 

“Officer”
means, with respect to any Person, the Chief Executive Officer, the President, the Chief Financial Officer, any Vice President,
the Treasurer, any Assistant Treasurer, or the Secretary or an Assistant Secretary of such Person.

 

“Participant”
means members of, or participants in, the Depositary.

 

“Person”
means any individual, corporation, partnership, joint venture, limited liability company, association, joint-stock company,
trust, unincorporated organization, government or any agency or political subdivision thereof, or any other entity.

 

“Pro
Rata Repurchase” means any purchase of shares of Common Stock by the Company or any subsidiary thereof pursuant to (i)
any tender offer or exchange offer subject to Section 13(e) or 14(e) of the Exchange Act or Regulation 14E promulgated thereunder
or (ii) any other offer available to substantially all holders of Common Stock, in the case of both (i) or (ii), whether for cash,
shares of Capital Stock of the Company, other securities of the Company, evidences of indebtedness of the Company or any other
Person or any other property (including, without limitation, shares of Capital Stock, other securities or evidences of indebtedness
of a subsidiary), or any combination thereof, effected while this Warrant is outstanding. The “effective date” of
a Pro Rata Repurchase shall mean the date of acceptance of shares for purchase or exchange by the Company under any tender or
exchange offer that is a Pro Rata Repurchase or the date of purchase with respect to any Pro Rata Repurchase that is not a tender
or exchange offer.

 

“record
date” means, for the purposes of Section 4.01, with respect to any dividend, distribution or other transaction or event
in which the holders of the Common Stock have the right to receive any cash, securities or other property or in which the Common
Stock (or other applicable security) is exchanged for or converted into any combination of cash, securities or other property,
the date fixed for determination of holders of the Common Stock entitled to receive such cash, securities or other property (whether
such date is fixed by the Board of Directors or by statute, contract or otherwise).

 

“SEC”
means the U.S. Securities and Exchange Commission.

 

“Securities
Act” means the U.S. Securities Act of 1933 and the rules and regulations promulgated thereunder, as they may be amended
from time to time.

 

“Trading
Day” means a day on which the Common Stock (i) at the close of regular way trading (not including extended or after
hours trading) is not suspended from trading on its U.S. exchange or, if the Common Stock is not listed on any U.S. exchange,
the over-the-counter market that is the primary market for the trading the Common Stock at the close of business, and (ii) has
traded at least once regular way on its U.S. Exchange or the over-the-counter market that is the primary market for the trading
of the Common Stock, as applicable.

 

    	 	 	Page 2 of 18

     

    

 

“Vice
President”, when used with respect to any Person, means any vice president of such Person, whether or not designated
by a number or a word or words added before or after the title “vice president”.

 

“Warrant
Certificate” means any certificated Global Warrant or Definitive Warrant issued by the Company under this Agreement.

 

“Warrant
Custodian” means the custodian with respect to a Global Warrant (as appointed by the Depositary) or any successor Person
thereto.

 

“Warrant
Shares” means the shares of Common Stock issuable on exercise of the Warrants.

 

SECTION
1.02. Other Definitions.

 

	Term	Defined
    in Section
	“Agreement”	Recitals
	“Book-Entry
    System	2.01(a)
	“Book-Entry
    Warrant”	2.01(a)
	“Common
    Stock”	Recitals
	“Company”	Recitals
	“Depository
    Book-Entry Warrant”	2.01(a)
	“Direct
    Registration Requests”	2.01(f)
	“Dividend
    Record Date”	Recitals
	“Exercise
    Date”	3.04
	“Exercise
    Price”	3.01
	“Expiration
    Date”	3.02(b)
	“Global
    Warrant”	2.01(b)
	“Holders”	Recitals
	“Issue
    Date”	Recitals
	“OBOs”	2.05(e)
	“Participant
    Book Entry Warrant”	2.01(a)
	“Prospectus”	5.05
	“Party”
    or “Parties”	Recitals
	“Permitted
    Transactions”	4.01(b)
	“Registration
    Statement”	5.01
	“Reorganization”	4.04
	“Stock
    Transfer Agent”	3.05
	“Unit
    of Reference Property”	4.03
	“Warrant
    Agent”	Recitals
	“Warrant
    Register”	2.03
	“Warrants”	Recitals

 

    	 	 	Page 3 of 18

     

    

 

SECTION
1.03. Rules of Construction. Unless the text or context otherwise requires:

 

		(i)	a
                                         defined term has the meaning assigned to it herein;

 

		(ii)	an
                                         accounting term not otherwise defined has the meaning assigned to it in accordance with
                                         U.S. Generally accepted accounting principles as in effect from time to time;

 

		(iii)	“including”
                                         means including, without limitation;

 

		(iv)	words
                                         in the singular include the plural and words in the plural include the singular;

 

		(v)	references
                                         to any statute, rule, standard, regulation or other law include a reference to (x) the
                                         corresponding rules and regulations and (y) each of them as amended, modified, supplemented,
                                         consolidated, replaced or rewritten from time to time; and

 

		(vi)	headings
                                         to Articles and Sections in this Agreement are inserted for convenience of reference
                                         only and are not intended to be a part of or to affect the meaning or interpretation
                                         of this Agreement.

 

ARTICLE
II 

FORM
OF WARRANT; BENEFICIAL INTERESTS 

 

SECTION
2.01. Issuance and Registration.

 

(a)
Warrants. The Warrants shall initially be issued to the Warrant Agent on behalf of the registered holders of the Common
Stock as of the Dividend Record Date. The Warrant Agent shall allocate the Warrants to, and register the Warrants in the names
of, such registered holders in accordance with the Company’s direct registration system or the Warrant Agent’s other
book-entry procedures (“Book-Entry System”) pursuant to an allocation schedule approved by the Company (“Book-Entry
Warrants,” which shall include “Depository Book-Entry Warrants” and “Depository Book-Entry Warrants”
as defined below). If Warrants are eligible to be held at the Depository, the Warrant Agent shall register the Warrants allocated
to the Depository’s position in the Common Stock in the name of the Depository, or its designated nominee, in accordance
with the Company’s Book-Entry System pursuant to an allocation based upon the total of the Participants’ Depository
positions in the Common Stock as of the Record Date, which allocation shall be subject to the approval of the Company (“Depository
Book-Entry Warrant”). If Warrants are not eligible to be held at the Depository, or the Depository ceases to make its book-entry
settlement system available for the Warrants, the Company shall instruct the Warrant Agent to register Warrants in the name of
each Participant in accordance with the Company’s Book-Entry System pursuant to an allocation schedule based upon each Participants’
Depository position in the Common Stock as of the Record Date, which allocation shall be subject to the approval of the Company
(“Participant Book-Entry Warrant”). Any Warrants registered through the Company’s Book-Entry System shall not
be represented by Warrant Certificates.

 

(b)
Global Warrants. Notwithstanding the foregoing, if Warrants are eligible to be held by the Depository, some or all of the
Warrants may, at initial issuance or any time, thereafter, be represented by one or more Global Warrants, in definitive, fully
registered form with the global securities legend set forth in Exhibit A hereto (each, a “Global Warrant”). Any such
Global Warrant shall be deposited on behalf of the relevant Holders with the Warrant Agent, as custodian for the Depositary (or
with such other custodian as the Depositary may direct), registered in the name of the Depositary or a nominee designated by the
Depositary, and duly executed by the Company and countersigned by the Warrant Agent as hereinafter provided.

 

    	 	 	Page 4 of 18

     

    

 

(c)
Procedures for Global Warrants. This Section 2.01(c) shall apply only to any Global Warrant deposited with or on behalf
of the Depositary.

 

(i)
If any Warrants are to be represented by a Global Warrant, the Company shall execute and the Warrant Agent shall, in accordance
with Section 2.02, countersign and deliver initially one or more Global Warrants that (a) shall be registered in the name of the
Depositary, or its designated nominee and (b) shall be delivered by the Warrant Agent to the Depositary or, pursuant to the Depositary’s
instructions, be held by the Warrant Agent as custodian for the Depositary.

 

(ii)
Participants shall have no rights under this Agreement with respect to any Global Warrant held on their behalf by the Depositary
or by the Warrant Agent as the custodian of the Depositary. Notwithstanding the foregoing, nothing herein shall prevent the Company,
the Warrant Agent or any agent of the Company or the Warrant Agent from giving effect to any written certification, proxy or other
authorization furnished by the Depositary, or impair, as between the Depositary and its Participants, the operation of customary
practices of the Depositary governing the exercise of the rights of a holder of a beneficial interest in any Global Warrant.

 

(d)
Definitive Warrants. Holders of Warrants or holders of beneficial interests in any Global Warrant will not be entitled
to physical delivery of Definitive Warrants (except as provided in Section 2.05).

 

(e)
No Fractional Warrants. The Company shall not issue fractional Warrants or distribute Warrant Certificates which evidence
fractional Warrants. If any fractional Warrant would otherwise be required to be issued or distributed pursuant to the Dividend
or otherwise, the relevant Holder will receive from the Warrant Agent, on behalf of the Company, a number of Warrants that shall
be rounded up (if the number is .5 or above) or down (if the number is less than .5) to the nearest whole number.

 

(f)
Direct Registration Requests by Beneficial Owners. Holders of beneficial interests represented by any Participant Book-Entry
Warrant, Depository Book-Entry Warrant or Global Warrant shall have the right to move their beneficial interest to direct registration
in the Company’s Book-Entry System by making such request to the applicable Participant or Depository (“Direct Registration
Requests”). Holders making Direct Registration Requests shall be responsible for paying fees and costs, if any, in connection
with such requests. When Direct Registration Requests are made, the applicable Participant or Depository shall promptly notify
the Warrant Agent of such request and provide the Warrant Agent with such documentation as may be required to properly document
the Direct Registration Request. Upon receipt of notice of any such Direct Registration Requests and the required documentation
for such requests, the Warrant Agent shall (i) update the applicable book-entries so as to properly reflect the Holder of such
beneficial interest the is the subject of the Direct Registration Requests as a registered Holder of their respective Warrants
and (ii) debit the applicable Participant’s or Depository’s book-entry position in

 

SECTION
2.02. Warrant Certificates. If any Warrant Certificates are issued hereunder, then at least one Officer shall sign
such Warrant Certificates for the Company by manual or facsimile signature.

 

(a)
If an Officer whose signature is on a Warrant Certificate no longer holds that office at the time the Warrant Agent countersigns
the Warrant Certificate, the Warrants evidenced by such Warrant Certificate shall be valid nevertheless.

(b)
At any time and from time to time after the execution of this Agreement, the Warrant Agent shall, upon receipt of a written order
of the Company signed by an Officer of the Company, countersign, either by manual or facsimile signature, and issue a Warrant
Certificate evidencing the number of Warrants specified in such order. Such order shall specify the number of Warrants to be evidenced
on the Warrant Certificate to be countersigned, the date on which such Warrant Certificate is to be countersigned, whether such
Warrant Certificate is to be a Global Warrant or a Definitive Warrant, and the number of Warrants then authorized. Each Warrant
shall be dated the date of its countersignature.

 

    	 	 	Page 5 of 18

     

    

 

(c)
The Warrants (whether or not evidenced by a Warrant Certificate) shall not be valid until registered on the Warrant Register.

 

SECTION
2.03. Warrant Register. The Warrant Agent shall keep a register (the “Warrant Register”) of the
Warrants (and Warrant Certificates, if applicable) and of their transfer and exchange. The Warrant Register shall show the names
and addresses of the respective Holders and the date and number of Warrants owned by such Holders. The Holder of any Global Warrant
will be the Depositary, or a nominee designated by the Depository, in whose name the Global Warrant is registered.

 

The
Company and the Warrant Agent may deem and treat the Person in whose name Warrants are registered in the Warrant Register as the
absolute owner of such Warrants for all purposes and regardless of any notice to the contrary.

 

SECTION
2.04. Transfer.

 

(i)
(a) Transfer of Warrants. The Warrants are non-transferable.

 

SECTION
2.05. Definitive Warrants.

 

(a)
Subject to Section 2.05(f), beneficial interests in a Global Warrant deposited with the Depositary or with the Warrant Agent as
custodian shall be transferred to the beneficial owners thereof in the form of Definitive Warrants in a number equal to the number
of Warrants represented by such Global Warrant, in exchange for such Global Warrant, only if such transfer complies with Section
2.04 and (i) the Depositary notifies the Company that it is unwilling or unable to continue as depositary for such Global Warrant
or if at any time the Depositary ceases to be a “clearing agency” registered under the Exchange Act and, in each such
case, a successor depositary is not appointed by the Company within 90 days of such notice, or (ii) the Company, in its sole discretion,
notifies the Warrant Agent in writing that it elects to cause the issuance of Definitive Warrants under this Agreement.

 

(b)
Any Global Warrant that is transferable to the beneficial owners thereof pursuant to this Section 2.05 shall be surrendered by
the Depositary to the Warrant Agent, to be so transferred, in whole or from time to time in part, without charge, and the Warrant
Agent shall countersign, by either manual or facsimile signature, and deliver to each beneficial owner in the name of such beneficial
owner, upon such transfer of each portion of such Global Warrant, Definitive Warrants evidencing a number of Warrants equivalent
to such beneficial owner’s beneficial interest in the Global Warrant. The Warrant Agent shall register such transfer in
the Warrant Register, and upon such transfer the surrendered Global Warrant shall be canceled by the Warrant Agent. Any such Definitive
Warrants shall bear such restrictive legends as the Company may instruct.

 

(c)
Subject to the provisions of Section 2.05(b), the registered Holder of a Global Warrant may grant proxies and otherwise authorize
any Person, including Participants, to take any action that a Holder is entitled to take under this Agreement or the Warrants.

 

(d)
In the event of the occurrence of either of the events specified in Section 2.05(a), the Company will promptly make available
to the Warrant Agent a reasonable supply of Definitive Warrants in definitive, fully registered form.

 

(e)
The Depositary, or its Participants, shall notify the Warrant Agent of the names and the amounts in which the Definitive Warrants
will be issued. Definitive Warrants to be issued to beneficial owners who have elected to be treated as objecting beneficial owners
(“OBOs”), shall be issued in the name of the applicable Participant, for the benefit of such OBO, in order to comply
with such OBO’s requirements.

 

    	 	 	Page 6 of 18

     

    

 

(f)
Notwithstanding the foregoing, in lieu of issuing a Definitive Warrant to any Person, the Warrant Agent may, upon the Company’s
instruction, register Warrants in the name of such Person through the Company’s Book-Entry System; provided, however, that
Warrants that are to be so registered to beneficial owners who are OBOs, shall be issued in the name of the applicable Participant,
for the benefit of such OBO, in order to comply with such OBO’s requirements

 

SECTION
2.06. Replacement Certificates. If a mutilated Warrant Certificate is surrendered to the Warrant Agent or if the Holder
of a Warrant Certificate provides proof reasonably satisfactory to the Company and the Warrant Agent that the Warrant Certificate
has been lost, destroyed or wrongfully taken, the Company shall issue and the Warrant Agent shall countersign a replacement Warrant
Certificate representing an equivalent number of Warrants, if the reasonable requirements of the Warrant Agent are met. Such Holder
shall furnish an indemnity bond sufficient in the judgment of the Company and the Warrant Agent to protect the Company and the
Warrant Agent from any loss that either of them may suffer if a Warrant Certificate is replaced. The Company and the Warrant Agent
may charge the Holder for their expenses in replacing a Warrant Certificate. Every replacement Warrant Certificate evidences an
additional obligation of the Company.

 

SECTION
2.07. Outstanding Warrants. Warrants outstanding at any time are all Warrants evidenced as outstanding in the
Warrant Register (which, in the case of Warrants represented by Warrant Certificates, shall include all Warrant Certificates authenticated
by the Warrant Agent excluding those canceled by it and those delivered to it for cancellation). A Warrant does not cease to be
outstanding because an Affiliate of the Company holds the Warrant. A Warrant ceases to be outstanding if the Company holds the
Warrant.

 

If
a Warrant Certificate is replaced pursuant to Section 2.06, the Warrants evidenced thereby cease to be outstanding unless the
Warrant Agent and the Company receive proof satisfactory to them that the replaced Warrant Certificate is held by a protected
purchaser (as defined for purposes of the Nevada Uniform Commercial Code).

 

SECTION
2.08. Cancellation. In the event the Company shall purchase or otherwise acquire Definitive Warrants, the Company may,
at its option, deliver the same to the Warrant Agent for cancellation. The Warrant Agent and no one else shall cancel all Warrant
Certificates surrendered for transfer, exchange, replacement, exercise or cancellation. The Company may not issue new Warrant
Certificates to replace Warrant Certificates to the extent they evidence Warrants which have been exercised or Warrants which
the Company has canceled.

 

SECTION
2.09. CUSIP Numbers.

 

The
Company may assign “CUSIP” numbers (if then generally in use) in connection with the issuance of the Warrants and
the Warrant Agent may use such “CUSIP” numbers in notices as a convenience to Holders; provided, however,
that any such notice shall state that no representation is made as to the correctness of such numbers either as printed on the
Warrant Certificates or as contained in any notice and that reliance may be placed only on the other identification numbers printed
on the Warrant Certificates.

 

ARTICLE
III

EXERCISE
TERMS

 

SECTION
3.01. Exercise. Each Warrant shall entitle the Holder thereof, subject to adjustment pursuant to the terms of this
Agreement, to purchase one share of Common Stock for each Warrant evidenced thereby, at an exercise price of $2.75 per share (as
such exercise price may be adjusted pursuant to Article IV, the “Exercise Price”).

 

    	 	 	Page 7 of 18

     

    

 

SECTION
3.02. Exercise Period.

 

(a)
Subject to the terms and conditions set forth herein, the Warrants shall be exercisable at any time and from time to time on or
after the Issue Date. Notwithstanding the foregoing, the Holders will be able to exercise the Warrants only if (i) the Company
elects to file a Registration Statement relating to the Warrant Shares and the Registration Statement is effective, and the Warrant
Shares are qualified for sale or exempt from qualification under the applicable securities laws of the states or other jurisdictions
in which such Holders reside or (ii) in the opinion of counsel for the Company the exercise of the Warrants is exempt from the
registration requirements of the Securities Act and the Warrant Shares are qualified for sale or exempt from qualification under
the applicable securities laws of the states or other jurisdictions in which such Holders reside. The Company may instruct the
Warrant Agent from time to time that Warrants held by a member of the Board of Directors, an Officer of the Company or an Affiliate
of the Company are subject to further restrictions on exercise related to compliance with applicable securities laws, in which
case the Warrant Agent shall not permit the exercise of such Warrants without the consent of the Company.

 

(b)
No Warrant shall be exercisable after 5:00 P.M., New York time, on April 8, 2023 or, if such date is not a Business Day, the next
Business Day immediately following such date (the “Expiration Date”).

 

SECTION
3.03. Expiration. A Warrant shall terminate and become void as of the earliest of (i) the Expiration Date and (ii)
the date such Warrant is exercised.

 

SECTION
3.04. Manner of Exercise.

 

(a)
Subject to Sections 3.02(b) and 3.03, Warrants may be exercised by a Holder in full or in part by delivering, not later than 5:00
P.M., New York time, on any Business Day (the “Exercise Date”) to the Warrant Agent at its office: (i) the related
Warrant Certificate, in the case of Warrants issued in certificated form; (ii) an election to purchase Common Stock in the form
included in Exhibit A, duly completed and signed by the Holder; and (iii) payment, for the account of the Company, of an amount
equal to the product of (1) the Exercise Price and (2) the number of Warrants being exercised by such Holder. Such payment shall
be made in United States dollars by certified or official bank check payable to the order of the Company or by wire transfer of
funds to an account designated by the Company for such purpose. In the case of a Participant Book-Entry Warrant, Depository Book-Entry
Warrant or a Global Warrant, any Person with a beneficial interest in such Warrants shall effect compliance with the requirements
in clauses (i), (ii) and (iii) above through the relevant Participant in accordance with the procedures of the Depositary. If
any of the Warrant Certificate, the form of election to purchase Common Stock or the Exercise Price therefor is received by the
Warrant Agent after 5:00 P.M., New York time, on the specified Exercise Date, the Warrants will be deemed to be received and exercised
on the Business Day next succeeding the Exercise Date. If the date specified as the Exercise Date is not a Business Day, the Warrants
will be deemed to be received and exercised on the next succeeding day which is a Business Day. If the Warrants are received or
deemed to be received after the Expiration Date, the exercise thereof will be null and void and any funds delivered to the Warrant
Agent will be returned to the Holder as soon as practicable. In no event will interest accrue on funds deposited with the Warrant
Agent in respect of an exercise or attempted exercise of Warrants.

 

(b)
In the case of a Book-Entry Warrant, whenever some but not all of the Warrants represented by such Book-Entry Warrant are exercised
in accordance with the terms thereof and of this Agreement, the Warrant Agent shall adjust the entry for such Warrant in the Book-Entry
System so that the number of Warrants represented thereby will be equal to the number of Warrants theretofore represented by such
Book-Entry Warrant less the number of Warrants then exercised. If a Book-Entry Warrant is exercised in full, the Warrant Agent
shall reflect such Warrant in the Book-Entry system as such and as cancelled.

 

    	 	 	Page 8 of 18

     

    

 

(c)
In the case of a Global Warrant, whenever some but not all of the Warrants represented by such Global Warrant are exercised in
accordance with the terms thereof and of this Agreement, such Global Warrant shall be surrendered by the Holder to the Warrant
Agent, which shall cause an adjustment to be made to such Global Warrant so that the number of Warrants represented thereby will
be equal to the number of Warrants theretofore represented by such Global Warrant less the number of Warrants then exercised.
The Warrant Agent shall thereafter promptly return such Global Warrant to the Holder or its nominee or custodian.

 

(d)
In the case of a Definitive Warrant, whenever some but not all of the Warrants represented by such Definitive Warrant are exercised
in accordance with the terms thereof and of this Agreement, the Holder shall be entitled, at the request of the Holder, to receive
from the Company within a reasonable time, and in any event not exceeding five (5) Business Days, a new Definitive Warrant in
substantially identical form for the number of Warrants equal to the number of Warrants theretofore represented by such Definitive
Warrant less the number of Warrants then exercised.

 

(e)
If a Warrant Certificate shall have been exercised in full, the Warrant Agent shall promptly cancel such certificate following
its receipt from the Holder or the Depositary, as applicable.

 

SECTION
3.05. Issuance of Warrant Shares. Subject to Section 3.02(a), upon any exercise of Warrants in compliance with this
Agreement, the Company shall issue and cause the transfer agent for the Common Stock (the “Stock Transfer Agent”,
which may be the Warrant Agent) to cause to be registered in the Company’s direct registration system a number of full Warrant
Shares so purchased upon the exercise of such Warrants (determined in accordance with Section 3.06) to which it is entitled, registered
or otherwise, to the Holder or Holders entitled to receive the same or upon the written order of the Holder(s) in such name or
names as the Holder(s) may designate (including any depositary institution so designated by a Holder).

 

SECTION
3.06. Fractional Warrant Shares. The Company shall not be required to issue fractional Warrant Shares on the exercise
of Warrants. The number of full Warrant Shares that shall be issuable upon an exercise of Warrants by a Holder at any time shall
be computed on the basis of the aggregate number of Warrant Shares which may be purchased pursuant to the Warrants being exercised
by that Holder at that time.

 

SECTION
3.07. Reservation of Warrant Shares. The Company shall at all times keep reserved out of its authorized shares of Common
Stock a number of shares of Common Stock sufficient to provide for the exercise of all outstanding Warrants. The Company will
keep a copy of this Agreement on file with the Stock Transfer Agent and will furnish to such Stock Transfer Agent a copy of all
notices of adjustments (and certificates related thereto) transmitted to each Holder.

 

The
Company covenants that all Warrant Shares that may be issued upon proper exercise of Warrants (including payment of the Exercise
Price) shall, upon issue, be fully paid, nonassessable, free of preemptive rights.

 

ARTICLE
IV

ADJUSTMENT
AND NOTICE PROVISIONS

 

SECTION
4.01. Adjustments. Subject to the provisions of this Article IV, the Exercise Price and the number of Warrant
Shares issuable upon exercise of a Warrant shall be subject to adjustment, without duplication, as follows:

 

(a)
Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company shall (i) declare and pay a
dividend or make a distribution on its Common Stock in shares of Common Stock, (ii) subdivide or reclassify the outstanding shares
of Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding shares of Common Stock into a
smaller number of shares then, in such event:

 

(i)
the number of Warrant Shares issuable upon exercise of a Warrant on the record date for such dividend or distribution or the effective
date of such subdivision, combination or reclassification shall be proportionately adjusted so that the Holder after such date
shall be entitled to purchase the number of shares of Common Stock that such Holder would have owned or been entitled to receive
in respect of the shares of Common Stock subject to such Warrant after such date had such Warrant been exercised immediately prior
to such date; and

 

    	 	 	Page 9 of 18

     

    

 

(ii)
the Exercise Price in effect on the record date for such dividend or distribution or the effective date of such subdivision, combination
or reclassification shall be adjusted to the number obtained by dividing (x) the product of (1) the number of Warrant Shares issuable
upon the exercise of the Warrant before such adjustment and (2) the Exercise Price in effect immediately prior to the record or
effective date, as the case may be, for the dividend, distribution, subdivision, combination or reclassification giving rise to
the adjustment by (y) the new number of Warrant Shares issuable upon exercise of the Warrant determined pursuant to clause (a)(i).

 

(b)
Certain Repurchases of Common Stock. In case the Company effects a Pro Rata Repurchase of Common Stock, then:

 

(i)
the Exercise Price shall be adjusted to the price determined by multiplying the Exercise Price in effect immediately prior to
the effective date of such Pro Rata Repurchase by a fraction of which the numerator shall be (x) the product of (1) the number
of shares of Common Stock outstanding immediately before such Pro Rata Repurchase and (2) the Market Price of a share of Common
Stock on the Trading Day immediately preceding the first public announcement by the Company or any of its Affiliates of the intent
to effect such Pro Rata Repurchase, minus (y) the aggregate purchase price of the Pro Rata Repurchase, and of which the denominator
shall be the product of (1) the number of shares of Common Stock outstanding immediately prior to such Pro Rata Repurchase minus
the number of shares of Common Stock so repurchased and (2) the Market Price per share of Common Stock on the Trading Day immediately
preceding the first public announcement by the Company or any of its Affiliates of the intent to effect such Pro Rata Repurchase;
and

 

(ii)
the number of Warrant Shares issuable upon the exercise of a Warrant shall be adjusted to the number obtained by dividing (x)
the product of (1) the number of Warrant Shares issuable upon the exercise of such Warrant before such adjustment, and (2) the
Exercise Price in effect immediately prior to the Pro Rata Repurchase giving rise to this adjustment by (y) the new Exercise Price
determined in accordance with clause (d)(i).

 

(c)
Other Adjustments. In addition, the Company may, but shall not be required to, make such decreases in the Exercise
Price, in addition to those required by this Section 4.01, as the Board of Directors considers to be advisable for any reason,
including, without limitation, in order to avoid or diminish any income tax to any holders of shares of Common Stock or to any
Holders of Warrants resulting from any dividend or distribution of stock or from any event treated as such for income tax purposes
or for any other reason.

 

	 	SECTION
    4.02.	Calculation
    of Adjustments; Timing of Issuance of Additional Warrant Shares Upon Certain Adjustments;
    Adjustment Rules.

 

(a)
All calculations under Section 4.01 shall be made to the nearest one-tenth (1/10th) of a cent or to the nearest one-hundredth
(1/100th) of a share, as the case may be. Any provision of Section 4.01 to the contrary notwithstanding, no adjustment in the
Exercise Price or the number of Warrant Shares into which a Warrant is exercisable shall be made if the amount of such adjustment
would be less than $0.01 or one-tenth (1/10th) of a share of Common Stock, but any such amount shall be carried forward and an
adjustment with respect thereto shall be made at the time of and together with any subsequent adjustment that, together with such
amount and any other amount or amounts so carried forward, shall aggregate $0.01 or 1/10th of a share of Common Stock, or more.

 

    	 	 	Page 10 of 18

     

    

 

(b)
In any case in which the provisions of Section 4.01 shall require that an adjustment shall become effective immediately after
a record date for an event, the Company may defer until the occurrence of such event issuing to the Holder of a Warrant exercised
after such record date and before the occurrence of such event the additional Warrant Shares issuable upon such exercise by reason
of the adjustment required by such event over and above the Warrant Shares issuable upon such exercise before giving effect to
such adjustment; provided, however, that the Company upon request shall deliver to such Holder a due bill or other
appropriate instrument evidencing such Holder’s right to receive such additional shares upon the occurrence of the event
requiring such adjustment.

 

(c)
Any adjustments pursuant to Section 4.01 shall be made successively whenever an event referred to therein shall occur. If an adjustment
in Exercise Price made under Section 4.01 would reduce the Exercise Price to an amount below the par value of the Common Stock,
then such adjustment in the Exercise Price shall reduce the Exercise Price to the par value of the Common Stock.

 

SECTION
4.03. Business Combinations and Reorganizations. In case of any Business Combination or reclassification of
Common Stock (other than a reclassification of Common Stock referred to in Section 4.01), the Holder’s right to receive
Warrant Shares upon exercise of a Warrant shall be converted into the right to exercise a Warrant to acquire the number of shares
of stock or other securities or property (including cash) that the Common Stock issuable (at the time of such Business Combination
or reclassification) upon exercise of such Warrant immediately prior to such Business Combination or reclassification would have
been entitled to receive upon consummation of such Business Combination or reclassification (the amount of such shares, other
securities or property in respect of a share of Common Stock being herein referred to as a “Unit of Reference Property”);
and in any such case, if necessary, the provisions set forth herein with respect to the rights and interests thereafter of the
Holder shall be appropriately adjusted so as to be applicable, as nearly as may reasonably be achievable, to the Holder’s
right to exercise such Warrant in exchange for a Unit of Reference Property pursuant to this paragraph. If the Business Combination
causes the Common Stock to be converted into, or exchanged for, the right to receive more than a single type of consideration
(determined based in part upon any form of stockholder election), then the composition of the Unit of Reference Property into
which the Warrants will be exercisable shall be deemed to be the weighted average of the types and amounts of consideration actually
received by the holders of Common Stock per share of Common Stock.

 

SECTION
4.04. Notice of Adjustments. Whenever any adjustment is made pursuant to this Article IV, the Company shall
cause notice of such adjustment to be delivered to the Warrant Agent within twenty days following the effective date of such adjustment,
such notice to include in reasonable detail (i) the reason for the adjustment, (ii) the computation of any adjustments, and (iii)
the Exercise Price, the number of shares purchasable upon exercise of each Warrant after giving effect to such adjustment. The
calculations, adjustments and determinations included in the Company’s notice shall, absent manifest error, be final and
binding on the Company, the Warrant Agent and the Holders. The Warrant Agent shall be entitled to rely on such notice and any
adjustment therein contained and shall not be deemed to have knowledge of any such adjustment unless and until it shall have received
such notice. The Warrant Agent shall within fifteen days after receipt of such notice from the Company (which notice must specifically
direct the Warrant Agent to perform the mailing) cause a similar notice to be delivered to each Holder.

 

SECTION
4.05. Adjustment to Warrant Certificate. The form of Warrant Certificate need not be changed because of any
adjustment made pursuant to this Article IV, and Warrant Certificates issued after such adjustment may state the same Exercise
Price and the same number of shares of Common Stock issuable upon exercise of the Warrants as are stated in any Warrant Certificates
issued prior to such adjustment. The Company, however, may at any time in its sole discretion make any change in the form of Warrant
Certificate that it may deem appropriate to give effect to such adjustments and that does not affect the substance of the Warrant
Certificate, and any Warrant Certificate thereafter issued or countersigned, whether in exchange or substitution for an outstanding
Warrant Certificate or otherwise, may be in the form as so changed. For the avoidance of doubt, no change to the Warrant Certificate
or this Agreement as a result of an adjustment pursuant to this Article IV shall require the consent of the Holders of the Warrants
or the Warrant Agent.

 

    	 	 	Page 11 of 18

     

    

 

ARTICLE
V

REGISTRATION
OF WARRANT SHARES

 

SECTION
5.01. Effectiveness of Registration Statement. The Company may, in its sole discretion, register the Warrant
Shares. If the Company elects to register the Warrant Shares, it shall use commercially reasonable efforts to cause an appropriate
registration statement under the Securities Act, covering the issuance of Warrant Shares to the Holders upon exercise of the Warrants
by the Holders thereof (the “Registration Statement”), to be filed and become and remain effective until the earlier
of (i) such time as all Warrants have been exercised and (ii) the Expiration Date. The Company shall promptly inform the Warrant
Agent of any change in the status of the effectiveness or availability of the Registration Statement.

 

SECTION
5.02. Suspension. The Company shall be entitled to suspend the availability of the Registration Statement from time
to time during any consecutive 365-day period for a total not to exceed 45 days during such consecutive 365-day period if the
Board of Directors determines in the exercise of its reasonable judgment that such suspension is necessary in order to comply
with applicable laws and provides notice that such determination was made to the Holders of the Warrants; provided, however,
that (i) if the Company exercises such right in the 45 consecutive-day period immediately prior to the Expiration Date, the Expiration
Date shall be delayed by the number of days during such 45-day period for which the availability of the Registration Statement
was suspended and (ii) in no event shall the Company be required to disclose the business purpose for such suspension if the Company
determines in good faith that such business purpose must remain confidential.

 

SECTION
5.03. Blue Sky. To the extent the Company’s counsel deems it necessary or appropriate, the Company shall use
commercially reasonable efforts to register or qualify the Warrant Shares under all applicable securities laws, blue sky laws
or similar laws of all jurisdictions in the United States in which any Holder may or may be deemed to purchase Warrant Shares
upon the exercise of Warrants and shall use commercially reasonable efforts to maintain such registration or qualification for
so long as it is required to cause the Registration Statement to remain effective under the Securities Act pursuant to Section
5.01; provided, however, that the Company shall not be required to qualify generally to do business in any jurisdiction
in which it would not otherwise be required to qualify but for this Section 5.03 or to take any action that would subject it to
general service of process or to taxation in any such jurisdiction in which it is not then so subject.

 

SECTION
5.04. Expenses. Subject to Sections 2.04(c)(ii) and 7.09, all expenses incident to the Company’s performance
of or compliance with its obligations under this Article V relating to the issuance of the Warrant Shares will be borne by the
Company, including without limitation: (i) all SEC, stock exchange or Financial Industry Regulatory Authority registration and
filing fees, (ii) all fees and expenses incurred by the Company in connection with the compliance with state securities or blue
sky laws, (iii) all expenses of any Persons incurred by or on behalf of the Company with the prior written consent of the Company
in preparing or assisting in preparing, printing and distributing the Registration Statement or any other registration statement,
prospectus, any amendments or supplements thereto and other documents relating to the performance of and compliance with this
Article V, (iv) the fees and disbursements of counsel for the Company and (v) the fees and disbursements of the independent public
accountants of the Company.

 

SECTION
5.05. Delivery of Documents to Holders. The Warrant Agent agrees that concurrently with the issuance of Warrants
to any Holder and upon exercise of Warrants by any Holder, the Warrant Agent shall (unless otherwise instructed by the Company)
deliver a prospectus relating to the Warrant Shares (a “Prospectus”) to such Holder, if the Warrants or Warrant Shares
have been registered, or such other notice or communication regarding the Warrants or the Warrant Shares as the Company may instruct.
The Company shall furnish to the Warrant Agent sufficient copies of such Prospectus or such other notice or communication to satisfy
this obligation.

 

    	 	 	Page 12 of 18

     

    

 

ARTICLE
VI

WARRANT
AGENT

 

SECTION
6.01. Appointment of Warrant Agent. The Company hereby appoints the Warrant Agent to act as agent for the Company
in accordance with the provisions of this Agreement and the Warrant Agent hereby accepts such appointment.

 

SECTION
6.02. Rights and Duties of Warrant Agent.

 

(a)
Agent for the Company. In acting under this Warrant Agreement and in connection with the Warrant Certificates, the
Warrant Agent is acting solely as agent of the Company and does not assume any obligation or relationship or agency or trust for
or with any of the holders of Warrant Certificates or beneficial owners of Warrants. All fees and expenses due the Warrant Agent
shall be paid to the Warrant Agent by the Company. The Warrant Agent shall have no duty to determine which costs, if any, under
this Agreement shall be borne by the Holders or by the Company.

 

(b)
Counsel. The Warrant Agent may consult with counsel satisfactory to it (who may be counsel to the Company), and the advice
of such counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by
it hereunder in good faith and in accordance with the advice of such counsel.

 

(c)
Documents. The Warrant Agent shall be protected and shall incur no liability for or in respect of any action taken by it
in reliance upon any Warrant Certificate, notice, direction, consent, certificate, affidavit, statement or other paper or document
reasonably believed by it to be genuine and to have been presented or signed by the proper parties.

 

(d)
No Implied Obligations. The Warrant Agent shall be obligated to perform only such duties as are specifically set
forth herein and in the Warrant Certificates, and no implied duties or obligations of the Warrant Agent shall be read into this
Agreement against the Warrant Agent. The Warrant Agent shall not be under any obligation to take any action hereunder that may
tend to involve it in any expense or liability for which it does not receive indemnity if such indemnity is reasonably requested.
The Warrant Agent shall not be accountable or under any duty or responsibility for the application by the Company of the proceeds
of the Warrants. The Warrant Agent shall have no duty or responsibility in case of any default by the Company in the performance
of its covenants or agreements contained herein or in the case of the receipt of any written demand from a Holder with respect
to such default, including any duty or responsibility to initiate or attempt to initiate any proceedings at law or otherwise.

 

(e)
Not Responsible for Adjustments or Validity of Stock. The Warrant Agent shall not at any time be under any
duty or responsibility to any Holder to determine whether any facts exist that may require an adjustment of the number of shares
of Common Stock issuable upon exercise of each Warrant or the Exercise Price, or with respect to the nature or extent of any adjustment
when made, or with respect to the method employed, or herein or in any supplemental agreement provided to be employed, in making
the same. The Warrant Agent shall not be accountable with respect to the validity or value of any shares of Common Stock or of
any securities or property which may at any time be issued or delivered upon the exercise of any Warrant or upon any adjustment
pursuant to Article IV, and it makes no representation with respect thereto. The Warrant Agent shall not be responsible for any
failure of the Company to make any cash payment or to issue, transfer or deliver any shares of Common Stock upon the surrender
of any Warrant Certificate for the purpose of exercise.

 

    	 	 	Page 13 of 18

     

    

 

SECTION
6.03. Individual Rights of Warrant Agent. The Warrant Agent and any stockholder, director, officer or
employee of the Warrant Agent may buy, sell or deal in any of the Warrants or other securities of the Company or its Affiliates
or become peculiarly interested in transactions in which the Company or its Affiliates may be interested, or contract with or
lend money to the Company or its Affiliates or otherwise act as fully and freely as though it were not the Warrant Agent under
this Agreement. Nothing herein shall preclude the Warrant Agent from acting in any other capacity for the Company or for any other
legal entity.

 

SECTION
6.04. Warrant Agent’s Disclaimer. The Warrant Agent shall not be responsible for and makes no representation
as to the validity or adequacy of this Agreement and it shall not be responsible for any statement in this Agreement other than
its countersignature thereon.

 

SECTION
6.05. Compensation and Indemnity. The Company agrees that the Warrant Agent is entitled, from time to time, to reasonable
compensation for its services as agreed and to reimbursement for reasonable out-of-pocket expenses incurred by it, including the
reasonable compensation and expenses of the Warrant Agent’s agents and counsel as agreed. The Company shall indemnify the
Warrant Agent, its officers, directors, agents and counsel against any loss, liability or expense (including reasonable attorneys’
fees and expenses) incurred by it without willful misconduct or gross negligence on its part arising out of or in connection with
the acceptance or performance of its duties under this Agreement (which willful misconduct or gross negligence must be determined
by a final, non-appealable order, judgment, decree or ruling of a court of competent jurisdiction). The Warrant Agent shall notify
the Company promptly of any claim for which it may seek indemnity. The Company need not reimburse any expense or indemnify against
any loss or liability incurred by the Warrant Agent through willful misconduct or gross negligence (which willful misconduct or
gross negligence must be determined by a final, non-appealable order, judgment, decree or ruling of a court of competent jurisdiction).
The Company’s payment obligations pursuant to this Section 6.05 shall survive the termination of this Agreement.

 

SECTION
6.06. Successor Warrant Agent.

 

(a)
Company to Provide and Maintain Warrant Agent. The Company agrees for the benefit of the Holders that there shall
at all times be a Warrant Agent hereunder (which may include the Company) until all the Warrants have been exercised or are no
longer exercisable.

 

(b)
Resignation and Removal. The Warrant Agent may at any time resign by giving written notice to the Company of such
intention on its part, specifying the date on which its desired resignation shall become effective; provided, however,
that such date shall not be less than 60 days after the date on which such notice is given unless the Company otherwise agrees
in writing. The Warrant Agent hereunder may be removed at any time by the filing with it of an instrument in writing signed by
or on behalf of the Company and specifying such removal and the date when it shall become effective, which date shall not be less
than 60 days after such notice is given unless the Warrant Agent otherwise agrees in writing. Notwithstanding the foregoing, any
resignation or removal under this Section 6.06 shall take effect upon the appointment by the Company as hereinafter provided of
a successor Warrant Agent and the acceptance of such appointment by such successor Warrant Agent.

 

(c)
The Company to Appoint Successor. In the event that at any time the Warrant Agent shall resign, or shall be removed, or
shall become incapable of acting, or shall be adjudged bankrupt or insolvent, or shall commence a voluntary case under the federal
bankruptcy laws, as now or hereafter constituted, or under any other applicable federal or state bankruptcy, insolvency or similar
law or shall consent to the appointment of or taking possession by a receiver, custodian, liquidator, assignee, trustee, sequestrator
(or other similar official) of the Warrant Agent or its property or affairs, or shall make an assignment for the benefit of creditors,
or shall admit in writing its inability to pay its debts generally as they become due, or shall take corporate action in furtherance
of any such action, or a decree or order for relief by a court shall have been entered in respect of the Warrant Agent in an involuntary
case under the federal bankruptcy laws, as now or hereafter constituted, or any other applicable federal or state bankruptcy,
insolvency or similar law, or a decree or order by a court shall have been entered for the appointment of a receiver, custodian,
liquidator, assignee, trustee, sequestrator (or similar official) of the Warrant Agent or of its property or affairs, or any public
officer shall take charge or control of the Warrant Agent or of its property or affairs for the purpose of rehabilitation, conservation,
winding up or liquidation, a successor Warrant Agent, qualified as aforesaid, shall be appointed by the Company by an instrument
in writing, filed with the successor Warrant Agent. Upon the appointment as aforesaid of a successor Warrant Agent and acceptance
by the successor Warrant Agent of such appointment, the Warrant Agent shall cease to be Warrant Agent hereunder.

 

    	 	 	Page 14 of 18

     

    

 

(d)
Successor to Expressly Assume Duties. Any successor Warrant Agent appointed hereunder shall execute, acknowledge
and deliver to its predecessor and to the Company an instrument accepting such appointment hereunder, and thereupon such successor
Warrant Agent, without any further action, shall become vested with all the rights and obligations of such predecessor with like
effect as if originally named as Warrant Agent hereunder, and such predecessor, upon payment of its charges and disbursements
then unpaid, shall thereupon become obligated to transfer, deliver and pay over, and such successor Warrant Agent shall be entitled
to receive, all securities, funds and other property on deposit with or held by such predecessor, as Warrant Agent hereunder.

 

(e)
Successor by Merger. Any corporation into which the Warrant Agent hereunder may be merged or consolidated,
or any corporation resulting from any merger or consolidation to which the Warrant Agent shall be a party, or any corporation
to which the Warrant Agent shall sell or otherwise transfer all or substantially all of its assets and business, shall be the
successor Warrant Agent under this Agreement without the execution or filing of any paper or any further act on the part of any
of the Parties.

 

ARTICLE
VII

MISCELLANEOUS

 

SECTION
7.01. Persons Benefiting. Nothing in this Agreement is intended or shall be construed to confer upon any Person other
than the Company, the Warrant Agent and the Holders on the record date any right, remedy or claim under or by reason of this Agreement
or any part hereof.

 

SECTION
7.02. Rights of Holders. Holders of unexercised Warrants, as such, have no rights as stockholders and are not
entitled to exercise any rights whatsoever as stockholders of the Company, including, but not limited to the rights to (i) receive
dividends or other distributions, (ii) receive notice of or vote at any meeting of the stockholders, (iii) consent to any action
of the stockholders, (iv) receive notice of any other proceedings of the Company or (v) exercise any preemptive right.

 

SECTION
7.03. Amendment. This Agreement may be amended by the Parties without the consent of any Holder for the purpose of
curing any ambiguity, or of curing, correcting or supplementing any defective or inconsistent provision contained herein or for
the purpose of adding or changing any other provisions including, but not limited to, additions or changes with respect to matters
or questions arising under this Agreement or which relate to the Depository’s or Participants’ normal operating procedures;
provided, however, that such amendment shall not adversely affect the rights of any of the Holders in any material
respect. Any amendment or supplement to this Agreement that has a material adverse effect on the interests of any of the Holders
may be made by the Parties but shall require the written consent of the Holders of a majority of the then outstanding Warrants.
In determining whether the Holders of the required number of Warrants have concurred in any direction, waiver or consent, only
Warrants outstanding at the time shall be considered in any such determination, and Warrants known to the Warrant Agent to be
owned by the Company shall be disregarded and deemed not to be outstanding for such purpose. The Company or the Warrant Agent
may set a record date for any such direction, waiver or consent and only the Holders as of such record date shall be entitled
to make or give such direction, waiver or consent.

 

    	 	 	Page 15 of 18

     

    

 

SECTION
7.04. Notices. Any notice or communication shall be in writing and delivered in Person or by email or mailed by first-class
mail addressed as follows:

 

if
to the Company:

 

GLOBAL
TECH INDUSTRIES GROUP, INC.

Davie
Reichman

511
Sixth Avenue, Suite 800

New
York, NY 10011

Telephone:
917.572.5733

Attention:
David Reichman

E-mail:david@gtii-us.com:

 

with
a copy to:

 

McMurdo
Law Group, LLC

Matt
McMurdo, Esq.

1185
Avenue of the Americas, 3rd Floor

New
York, NY 10036

Telephone:917.318.2865

Attention:
Matt McMurdo

Email:
matt@nannaronelaw.com

 

if
to the Warrant Agent:

 

LIBERTY
STOCK TRANSFER CO., INC.

1041
Highway 36, Suite 310

Atlantic
Highlands, NJ 07716

Telephone:
732.372.0707 ext.101

Attention:
Jeff English

Email:
Jeff@libertystocktransfer.com

 

The
Company or the Warrant Agent each by notice to the other may designate additional or different physical addresses or e-mail addresses
for subsequent notices or communications.

 

Any
notice or communication mailed to a Holder shall be mailed to the Holder at the Holder’s address as it appears on the Warrant
Register and shall be sufficiently given if so mailed within the time prescribed.

 

Failure
to deliver a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders.
If a notice or communication is delivered in the manner provided above, it is duly given, whether or not the addressee receives
it.

 

Notwithstanding
any other provision of this Agreement, where this Agreement provides for notice of any event to the Holders, such notice shall
be sufficiently given to any Holder of a Warrant represented by a Global Warrant if given to the Depositary pursuant to the customary
procedures of the Depositary.

 

SECTION
7.05. Governing Law. This Agreement, the Warrant Certificates and the Warrants will be governed by and construed
in accordance with the laws of the State of Nevada.

 

SECTION
7.06. Successors. All agreements of the Company in this Agreement and the Warrant Certificates shall bind its successors.
All agreements of the Warrant Agent in this Agreement shall bind its successors.

 

    	 	 	Page 16 of 18

     

    

 

SECTION
7.07. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an
original, but all of which together constitute one and the same instrument. Counterparts may be delivered via facsimile, electronic
mail (including any electronic signature covered by the U.S. federal ESIGN of 2000, Uniform Electronic Transactions Act, the Electronic
Signatures and Records Act or other applicable law, including www.docusign.com) or other transmission method and any counterpart
so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

SECTION
7.08. Severability. The provisions of this Agreement are severable, and if any clause or provision shall be held invalid,
illegal or unenforceable in whole or in part in any jurisdiction, then such invalidity or unenforceability shall affect in that
jurisdiction only such clause or provision, or part thereof, and shall not in any manner affect such clause or provision in any
other jurisdiction or any other clause or provision of this Agreement in any jurisdiction.

 

SECTION
7.09. Withholding Rights. In the event that the Company, the Warrant Agent or their agents determine
that they are obligated to withhold or deduct any tax or other governmental charge under any applicable law on behalf of a Holder
(whether upon the distribution of the Warrants under this Agreement, upon any adjustment made pursuant to Article IV or otherwise),
the Company, the Warrant Agent or their agents shall be entitled, but not obligated, to deduct and withhold such amount by withholding
a portion or all of the Warrants otherwise deliverable or by otherwise using any property (including, without limitation, Warrants,
Common Stock or cash) that would otherwise be delivered to or is owned by such Holder, in each case in such amounts as they deem
necessary to meet their withholding obligations, and shall also be entitled, but not obligated, to sell all or a portion of such
withheld Warrants or such other property by public or private sale in such amounts and in such manner as they deem necessary and
practicable to pay such taxes and charges. In such case, (i) the Company, the Warrant Agent or their agents, as applicable, shall
remit to the applicable tax or other authority the required withholding amount or other charge, and (ii) any withheld Warrants
(and, if applicable in connection with adjustments pursuant to Article IV, other property) shall be treated for all purposes of
this Agreement as having been distributed to the Holders in respect of which such deduction and withholding was made.

 

[SIGNATURES
APPEAR ON FOLLOWING PAGE]

 

    	 	 	Page 17 of 18

     

    

 

IN
WITNESS WHEREOF, the Parties have caused this Warrant Agreement to be duly executed as of the date first written above.

 

	 	GLOBAL
    TECH INDUSTRIES GROUP, INC.
	 	 	 
	 	By:	/s/
    David Reichman
	 	Name:
    	David
    Reichman
	 	Title:	Chairman
    & CEO
	 	 	 
	 	LIBERTY
    STOCK TRANSFER CO., INC.
	 	as
    Warrant Agent,
	 	 	 
	 	By:	/s/
    Jeff English 
	  	Name:	Jeff
    English
	  	Title:	President

 

    	 	 	Page 18 of 18

     

    

 

EXHIBIT
A

FORM
OF WARRANT

 

[Global
Securities Legend - For Global Warrants Only]

 

UNLESS
THIS GLOBAL WARRANT IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE
& CO., HAS AN INTEREST HEREIN.

 

TRANSFERS
OF THIS GLOBAL WARRANT SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR
SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL WARRANT SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE
WITH THE RESTRICTIONS SET FORTH IN THE WARRANT AGREEMENT REFERRED TO BELOW.

 

    	A-1

    	 

    

 

	No.
    [_____]	Certificate
    for [_____] Warrants

 

WARRANTS
TO PURCHASE COMMON STOCK OF

GLOBAL
TECH INDUSTRIES GROUP, INC.

 

{To
be used only for Definitive Warrants and Global Warrants)

 

THIS
CERTIFIES THAT [_____________________________________], or its registered assigns, is the registered holder of the number
of Warrants set forth above (the “Warrants”). Each Warrant entitles the holder thereof (the “Holder”),
at its option and subject to the provisions contained herein and in the Warrant Agreement referred to below, to purchase from
Global Tech Industries Group, Inc., a corporation (including any successor thereto, the “Company”), one share of common
stock, par value of $0.001 per share, of the Company (the “Common Stock”) at the per share exercise price of $2.75
(the “Exercise Price”). This Warrant Certificate shall terminate and become void as of 5:00 P.M., New York time, on
April 8, 2023 or, if such date is not a Business Day, the next day immediately following such date (the “Expiration Date”)
or upon the exercise hereof as to all the shares of Common Stock subject hereto. The number of shares issuable upon exercise of
the Warrants and the Exercise Price shall be subject to adjustment from time to time as set forth in the Warrant Agreement.

 

This
Warrant Certificate is issued under and in accordance with a Warrant Agreement, dated as of _____________, 2021 (the “Warrant
Agreement”), between the Company and LIBERTY STOCK TRANSFER CO., INC. (the “Warrant Agent”, which term includes
any successor Warrant Agent under the Warrant Agreement), and is subject to the terms and provisions contained in the Warrant
Agreement, to all of which terms and provisions the Holder of this Warrant Certificate consents by acceptance hereof. The Warrant
Agreement is hereby incorporated herein by reference and made a part hereof. Reference is hereby made to the Warrant Agreement
for a full statement of the respective rights, limitations of rights, duties and obligations of the Company, the Warrant Agent
and the Holders of the Warrants.

 

Capitalized
terms used but not defined herein shall have the meanings ascribed thereto in the Warrant Agreement. A copy of the Warrant Agreement
may be obtained for inspection by the Holder hereof upon written request to the Warrant Agent, LIBERTY STOCK TRANSFER CO., INC.,
at the following address: [_____________________________________________________] or by email at [_________@______________].

 

Subject
to the terms of the Warrant Agreement, the Warrants may be exercised in whole or in part by presentation of this Warrant Certificate
with the Election to Purchase attached hereto duly executed and with the simultaneous payment of the Exercise Price in cash (subject
to adjustment) to the Warrant Agent for the account of the Company at the office of the Warrant Agent. Payment of the Exercise
Price in cash shall be made by certified or official bank check payable to the order of the Company or by wire transfer of funds
to an account designated by the Company for such purpose.

 

As
provided in the Warrant Agreement and subject to the terms and conditions therein set forth, the Warrants shall be exercisable
at any time and from time to time on any Business Day on and after the Issue Date; provided, however, that Holders
of Warrants will be able to exercise their Warrants only if (a) the Registration Statement relating to the Warrant Shares is effective
and not subject to suspension pursuant to the Warrant Agreement and such securities are qualified for sale or exempt from qualification
under the applicable securities laws of any relevant states or other jurisdictions or (b) in the opinion of counsel for the Company
the exercise of the Warrants is exempt from the registration requirements of the Securities Act and the Warrant Shares are qualified
for sale or exempt from qualification under the applicable securities laws of any relevant states or other jurisdictions; provided
further, however, that no Warrant shall be exercisable after the Expiration Date.

 

    	A-2

    	 

    

 

Upon
any partial exercise of the Warrants, there shall be countersigned and issued to the Holder hereof a new Warrant Certificate representing
those Warrants which were not exercised. This Warrant Certificate may be exchanged at the office of the Warrant Agent by presenting
this Warrant Certificate properly endorsed with a request to exchange this Warrant Certificate for other Warrant Certificates
evidencing an equal number of Warrants. No fractional Warrant Shares will be issued upon the exercise of the Warrants.

 

All
shares of Common Stock issuable by the Company upon the exercise of the Warrants shall, upon such issue, be duly and validly issued
and fully paid and non-assessable.

 

The
holder in whose name the Warrant Certificate is registered may be deemed and treated by the Company and the Warrant Agent as the
absolute owner of the Warrant Certificate for all purposes whatsoever and neither the Company nor the Warrant Agent shall be affected
by notice to the contrary.

 

The
Warrants do not entitle any Holder hereof to any of the rights of a stockholder of the Company.

 

This
Warrant Certificate shall not be valid or obligatory for any purpose until it shall have been countersigned by the Warrant Agent.

 

	 	 	 	GLOBAL TECH INDUSTRIES GROUP, INC.
	 	 	 	 	 
	 	 	 	By:	/s/
                                         David Reichman

	 	 	 		 
	 	 	 	Title:	Chairman
    & CEO
	 	 	 	 	 
	DATED:
    March 22, 2021	 	 	 
	 	 	 	 
	Countersigned:	 	 	 
	 	 	 	 	 
	LIBERTY
    STOCK TRANSFER CO., INC.	 	 	 
	as
    Warrant Agent	 	 	 
	 	 	 	 	 
	By:	/s/
    Jeff English	 	 	 
	 	Authorized
    Signatory	 	 	 

 

    	A-3

    	 

    

 

ELECTION
TO PURCHASE WARRANT SHARES

(to
be executed only upon exercise of Warrants)

 

[_______________________________________]

 

	Warrant
    Book-Entry No.: __________	 

        Number
        of Warrants Prior to this Exercise: ______________

         

	 

        Warrant
        Certificate No.: _______

        ____
	Number
    of Warrants After this Exercise: ______________

 

The
undersigned hereby irrevocably elects to exercise Warrants (evidenced by the above-referenced Book-Entry /Warrant Certificates)
to acquire ___________ shares of Common Stock, par value $0.001 per share, of Global Tech Industries Group, Inc. at an exercise
price per share of Common Stock of $2.75 on the terms and conditions specified in the Warrant Agreement, and surrenders all right,
title and interest in the number of Warrants exercised hereby to [______________________________] and directs that the shares
of Common Stock deliverable upon the exercise of such Warrants be registered in Book-Entry form by the Warrant Agent in the name
and address set forth herein.

 

The
undersigned represents that payment for the Warrants exercised herein has been tendered in accordance with the requirements of
the Warrant Agreement.

 

Date:
_____________________

 

	 	1
	 	(Signature
    of Owner)
	 	 
	 	 
	 	(Print
    Name)
	 	 
	 	 
	 	(Social
    Security No. or EIN)
	 	 
	 	 
	 	(Street
    Address)
	 	 
	 	 
	 	(City)
    (State) (Zip Code)
	 	 
	 	Medallion
    Guarantee by:
	 	 

 

1
The signature must correspond with the name as written upon the face of the within Warrant Certificate (or in the case of a Book-Entry
Warrant, as specified therein), without alteration or enlargement, and must be medallion guaranteed by an eligible guarantor institution.

 

    	A-4

    	 

    

 

ATTACHMENT
TO ELECTION TO PURCHASE WARRANT SHARES

 

Warrant
Holder Name:

Warrants
Exercised:

Date
                                         Exercised:

 

 

	SECURITIES
    TO BE ISSUED TO:	 
	If
                                         held in book-entry form through the Depositary:

        Depositary
        Account Number:

        Name
        of Participant:

         
	If
                                         in definitive or uncertificated form:

        Social
        security or identifying number:

        Name:

        Street
        Address:

        City,
        State and Zip Code:

 

	ANY
                                         UNEXERCISED WARRANTS EVIDENCED BY THE EXERCISING HOLDER’S INTEREST IN THE GLOBAL
                                         WARRANT OR DEFINITIVE WARRANT, AS THE CASE MAY BE, TO BE ISSUED TO:

                                                                                 

	If
                                         in book-entry form through the Depositary:

         

        Depositary
        Account Number:

         

        Name
        of Participant:

        
	If
                                         in definitive form or uncertificated form:

         

        Social
        security or identifying number:

         

        Name:

         

        Street
        Address:

         

        City,
        State and Zip Code:

 

    	A-5

    	 

    

 

FORM
OF WARRANT TRANSFER

 

For
value received, the undersigned hereby sells, assigns and transfers unto________________ the right to purchase ____________ (____) Warrant Shares
representing shares of common stock, par value $0.001 per share, of Global Tech Industries Group, Inc. (the “Company”)
pursuant to the attached Warrant Certificate, and does hereby irrevocably constitute and appoint Liberty Stock Transfer Agent
attorney to transfer the Warrant, or such portion as is transferred hereby, on the books of the Company with full power of substitution
in the premises. The undersigned requests said attorney to issue to the transferee a Warrant Certificate evidencing such transfer
and to issue to the undersigned a new Warrant Certificate evidencing the right to purchase Warrant Shares for the balance not
so transferred, if any.

 

The
undersigned may request that book-entry with the Warrant Agent be substituted for Warrant Certificates hereunder by initialing
here → [       ]

 

Date:
_______________

 

	 	1
	 	 
	 	(Signature
    of Owner)
	 	 
	 	 
	 	(Street
    Address)
	 	 
	 	 
	 	(City)
    (State) (Zip Code)
	 	 
	 	Medallion
    Guarantee by:
	 	 
	 	 

 

Name
in which new Warrant(s) should be registered: 

 

	 	 
	(Name)	 
	 	 
	 	 
	(Street
    Address)	 
	 	 
	 	 
	(City)
    (State) (Zip Code)	 
	 	 
	 	 
	(social
    security or identifying number)	 

 

 

1
The signature must correspond
with the name as written upon the face of the within Warrant Certificate (or in the case of a Book-Entry Warrant, as specified
therein), without alteration or enlargement, and must be medallion guaranteed by an eligible guarantor institution.

 

    	A-6

    	 

    

 

SCHEDULE
OF INCREASES OR DECREASES IN GLOBAL WARRANT2

 

The
initial number of Warrants represented by the Global Warrants is [___________].

 

The
following increases or decreases in this Global Warrant have been made:

 

	Date
                                         of

        Exercise
        or

        Exchange
	 	Decrease
                                         in

        number
        of

        Warrants
        in this

        Global
        Warrant Certificate
	 	Increase
                                         in number of

        Warrants
        in this

        Global
        Warrant Certificate
	 	Number
                                         of

        Warrants
        in this

        Global
        Warrant

        Certificate
        following such change
	 	Signature
                                         of authorized

        officer
        of

        Warrant
        Agent

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

 

 

 

2
To be used only for Global Warrants.

 

    	A-7Exhibit 4.4

    

    

    FORM OF WARRANT AGREEMENT

    

    

    between

    

    

    MERCURY ECOMMERCE ACQUISITION CORP.

    

    

    and

    

    

    CONTINENTAL STOCK TRANSFER & TRUST COMPANY

    

    

    Dated as of [●], 2021

    

    

    THIS WARRANT AGREEMENT (this “Agreement”), dated as of [●], 2021, is by and between Mercury Ecommerce Acquisition Corp., a Delaware
      corporation (the “Company”), and Continental Stock Transfer & Trust Company, a New York corporation, as warrant agent (the “Warrant
        Agent”, also referred to herein as the “Transfer Agent”).

    

    

    WHEREAS, on [●], 2021, the Company entered into a certain private placement warrants purchase agreement with Mercury Sponsor Group I LLC, a Delaware limited liability company (the “Sponsor”), pursuant to which the Sponsor will purchase an aggregate of 7,850,000 warrants (or 8,637,500 warrants if the Over-allotment Option (as defined below) in connection with the Offering
      (as defined below) is exercised in full) simultaneously with the closing of the Offering (and the closing of the Over-allotment Option, if applicable) bearing the legend set forth in Exhibit B hereto (the “Private Placement Warrants”) at a purchase price of $1.00 per Private Placement Warrant;

    

    

    WHEREAS, in order to finance the Company’s transaction costs in connection with an intended initial Business Combination (as defined below), the Sponsor or an affiliate of the Sponsor or certain of
      the Company’s officers and directors may, but are not obligated to, loan to the Company funds as the Company may require, of which up to $1,500,000 of such loans may be convertible into up to an additional 1,500,000 Private Placement Warrants at a
      price of $1.00 per Private Placement Warrant at the option of the lender;

    

    

    WHEREAS, the Company is engaged in an initial public offering (the “Offering”) of units of the Company’s equity securities, each such unit
      comprised of one share of Class A Common Stock (as defined below) and one-half of one redeemable Public Warrant (as defined below) (the “Units”) and, in connection therewith, has determined
      to issue and deliver up to 10,062,500 warrants (including up to 1,312,500 warrants subject to the Over-allotment Option) to public investors in the Offering (the “Public Warrants” and,
      together with the Private Placement Warrants, the “Warrants”).  Each whole Warrant entitles the holder thereof to purchase one whole share of Class A common stock of the Company, par value
      $0.0001 per share (“Class A Common Stock”), for $11.50 per share, subject to adjustment as described herein.  Only whole Warrants are exercisable.  A holder of the Public Warrants will not
      be able to exercise any fraction of a Warrant;

    

    

    WHEREAS, the Company has filed with the Securities and Exchange Commission (the “Commission”) a registration statement on Form S‐1 (File
      No. 333-254726) (the “Registration Statement”) and prospectus (the “Prospectus”), for the registration, under the Securities Act
      of 1933, as amended (the “Securities Act”), of the Units, the Public Warrants and the Class A Common Stock included in the Units;

    

    

    WHEREAS, the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange,
      redemption and exercise of the Warrants;

    

    

    WHEREAS, the Company desires to provide for the form and provisions of the Warrants, the terms upon which they shall be issued and exercised, and the respective rights, limitation of rights, and
      immunities of the Company, the Warrant Agent, and the holders of the Warrants; and

    
      
        

    

    
    

    

    WHEREAS, all acts and things have been done and performed which are necessary to make the Warrants, when executed on behalf of the Company and countersigned by or on behalf of the Warrant Agent (if a
      physical certificate is issued), as provided herein, the valid, binding and legal obligations of the Company, and to authorize the execution and delivery of this Agreement.

    

    

    NOW, THEREFORE, in consideration of the mutual agreements herein contained, the parties hereto agree as follows:

    

    

    1.          Appointment of Warrant Agent.  The Company hereby appoints the Warrant Agent to act as agent for the Company for the Warrants, and the Warrant Agent hereby accepts such appointment
      and agrees to perform the same in accordance with the terms and conditions set forth in this Agreement.

    

    

    	

          	2.	
            Warrants.

          

    

    

    	

          	2.1	
            Form of Warrant.  Each Warrant shall be issued in registered form only.

          

    

    

    2.2          Effect of Countersignature.  If a physical certificate is issued, unless and until countersigned by the Warrant Agent pursuant to this Agreement, a Warrant shall be invalid and of
      no effect and may not be exercised by the holder thereof.

    

    

    	

          	2.3	
            Registration.

          

    

    

    2.3.1          Warrant Register.  The Warrant Agent shall maintain books (the “Warrant Register”), for the registration of the
      original issuance and the registration of transfers of the Warrants.  Upon the initial issuance of the Warrants, the Warrant Agent shall issue and register the Warrants in the names of the respective holders thereof in such denominations and
      otherwise in accordance with instructions delivered to the Warrant Agent by the Company.  Ownership of beneficial interests in the Public Warrants shall be shown on, and the transfer of such ownership shall be effected through, records maintained by
      institutions that have accounts with the Depository Trust Company (the “Depositary”).  If the Depositary subsequently ceases to make its book-entry settlement system available for the Public
      Warrants, the Company may instruct the Warrant Agent regarding making other arrangements for book-entry settlement.  In the event that the Public Warrants are not eligible for, or it is no longer necessary to have the Public Warrants available in,
      book-entry form, the Warrant Agent shall provide written instructions to the Depositary to deliver to the Warrant Agent for cancellation each book-entry Public Warrant, and the Company shall instruct the Warrant Agent to deliver to the Depositary
      definitive certificates in physical form evidencing such Warrants which shall be in the form annexed hereto as Exhibit A.

    

    

    Physical certificates, if issued, shall be signed by, or bear the facsimile signature of, the Chairman of the Board, Chief Executive Officer, Chief Financial Officer, Secretary or other principal
      officer of the Company.  In the event the person whose facsimile signature has been placed upon any Warrant shall have ceased to serve in the capacity in which such person signed the Warrant before such Warrant is issued, it may be issued with the
      same effect as if he or she had not ceased to be such at the date of issuance.

    

    

    2.3.2          Registered Holder.  Prior to due presentment for registration of transfer of any Warrant, the Company and the Warrant Agent may deem and treat the person in whose name such
      Warrant is registered in the Warrant Register (the “Registered Holder”) as the absolute owner of such Warrant and of each Warrant represented thereby (notwithstanding any notation of
      ownership or other writing on any physical certificate made by anyone other than the Company or the Warrant Agent), for the purpose of any exercise thereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected
      by any notice to the contrary.

    
      2

      
        

    

    

    

    2.4          Detachability of Warrants.  The Class A Common Stock and Public Warrants comprising the Units shall begin separate trading on the 52nd day following the date of the Prospectus or,
      if such 52nd day is not on a day, other than a Saturday, Sunday or federal holiday, on which banks in New York City are generally open for normal business (a “Business Day”), then on the
      immediately succeeding Business Day following such date, or earlier (the “Detachment Date”) with the consent of Needham & Company, LLC, but in no event shall the Class A Common Stock and
      the Public Warrants comprising the Units be separately traded until (A) the Company has filed a current report on Form 8‐K with the Commission containing an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the
      Offering, including the proceeds received by the Company from the exercise by the underwriters of their right to purchase additional Units in the Offering (the “Over-allotment Option”), if
      the Over-allotment Option is exercised prior to the filing of the Form 8‐K, and (B) the Company issues a press release and files with the Commission a current report on Form 8‐K announcing when such separate trading shall begin.

    

    

    2.5          No Fractional Warrants Other Than as Part of Units.  The Company shall not issue fractional Warrants other than as part of Units, each of which is comprised of one share of Class
      A Common Stock and one-half of one Public Warrant.  If, upon the detachment of Public Warrants from the Units or otherwise, a holder of Warrants would be entitled to receive a fractional Warrant, the Company shall round down to the nearest whole
      number the number of Warrants to be issued to such holder.

    

    

    	

          	2.6	
            Private Placement Warrants.

          

    

    

    2.6.1          Private Placement Warrants.  The Private Placement Warrants shall be identical to the Public Warrants, except that so long as they are held by the Sponsor or any Permitted
      Transferees (as defined below) of the Sponsor the Private Placement Warrants:  (i) may be exercised for cash or on a cashless basis, pursuant to subsection 3.3.1(c) hereof, (ii) may not be transferred, assigned or sold until thirty (30) days
      after the completion by the Company of an initial Business Combination (as defined below), (iii) shall not be redeemable by the Company for cash pursuant to Section 6.1 hereof and (iv) shall only be redeemable by the Company pursuant to Section 6.2
      hereof if the Reference Value (as defined below) is less than $18.00 per share (subject to adjustment in compliance with Section 4 hereof); provided, however, that the Private Placement Warrants and any shares of Class A Common Stock held by the
      Sponsor or any Permitted Transferees of the Sponsor and issued upon exercise of the Private Placement Warrants may be transferred by the holders thereof:

    

    

    (a)          to the Company’s officers or directors, any affiliates or family members of any of the Company’s officers or directors, any member(s) of the Sponsor, or any
      affiliates of the Sponsor;

    

    

    (b)          in the case of an individual, by gift to a member of the individual’s immediate family, to a trust, the beneficiary of which is a member of the individual’s immediate
      family or an affiliate of such person, or to a charitable organization;

    

    

    (c)          in the case of an individual, by virtue of laws of descent and distribution upon death of such individual;

    

    

    (d)          in the case of an individual, pursuant to a qualified domestic relations order;

    

    

    (e)          by private sales or transfers made in connection with the consummation of the Company’s initial Business Combination at prices no greater than the price at which the
      Private Placement Warrants were originally purchased;

    

    

    (f)          in the event of the Company’s liquidation prior to the completion of the Company’s initial Business Combination; or

    

    

    (g)          by virtue of the laws of the state of Delaware or the Sponsor’s operating agreement upon dissolution of the Sponsor;

    

    

    (h)          in the event of the Company’s completion of a liquidation, merger, stock exchange or other similar transaction which results in all of the Company’s stockholders
      having the right to exchange their shares of Class A Common Stock for cash, securities or other property subsequent to the completion of the Company’s initial Business Combination;

    

    

    provided, however, that, in the case of clauses (a) through (h), these transferees (the “Permitted Transferees”) must enter into a written agreement with the
      Company agreeing to be bound by the transfer restrictions in this Agreement.

    
      3

      
        

    

    

    

    	

          	3.	
            Terms and Exercise of Warrants.

          

    

    

    3.1          Warrant Price.  Each whole Warrant shall, when countersigned by the Warrant Agent, entitle the Registered Holder thereof, subject to the provisions of such Warrant and of this
      Agreement, to purchase from the Company the number of shares of Class A Common Stock stated therein, at the price of $11.50 per share, subject to the adjustments provided in Section 4 hereof and in the last sentence of this Section 3.1.  The term “Warrant Price” as used in this Agreement shall mean the price per share (including in cash or by payment of Warrants pursuant to a “cashless
        exercise,” to the extent permitted hereunder) described in the prior sentence at which shares of Class A Common Stock may be purchased at the time a Warrant is exercised.  The Company, in its sole discretion, may lower the Warrant Price at
      any time prior to the Expiration Date (as defined below) for a period of not less than twenty (20) Business Days (unless otherwise required by the Commission, any national securities exchange on which the Warrants are listed or applicable law),
      provided, that the Company shall provide at least twenty (20) days prior written notice of such reduction to Registered Holders of the Warrants and, provided further that any such reduction shall be identical among all of the Warrants.

    

    

    3.2          Duration of Warrants.  A Warrant may be exercised only during the period (the “Exercise Period”) commencing on the
      later of:  (i) the date that is thirty (30) days after the first date on which the Company completes a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination, involving the Company and one or
      more businesses (a “Business Combination”) and (ii) the date that is twelve (12) months from the date of the closing of the Offering, and, in either case, terminating at 5:00 p.m., New York
      City time on the earlier to occur of:  (w) the date that is five (5) years after the date on which the Company completes its initial Business Combination, (x) the liquidation of the Company, (y) other than with respect to the Private Placement
      Warrants held by the Sponsor, the Redemption Date (as defined below) as provided in Section 6.3 hereof, or (z) the Alternative Redemption Date (as defined below) as provided in Section 6.2 hereof (the “Expiration Date”); provided, that the exercise of any Warrant shall be subject to the satisfaction of any applicable conditions, as set forth in subsection 3.3.2 below with respect to an effective registration statement or a valid
      exemption therefrom being available.  Except with respect to the right to receive the Redemption Price (as defined below) (other than with respect to a Private Placement Warrant then held by the Sponsor or any Permitted Transferees of the Sponsor) in
      the event of a redemption (as set forth in Section 6 hereof), each Warrant (other than a Private Placement Warrant then held by the Sponsor or any Permitted Transferees of the Sponsor in the event of a redemption) not exercised on or before the
      Expiration Date shall become void, and all rights thereunder and all rights in respect thereof under this Agreement shall cease at 5:00 p.m. New York City time on the Expiration Date.  The Company in its sole discretion may extend the duration of the
      Warrants by delaying the Expiration Date; provided, that the Company shall provide at least twenty (20) days prior written notice of any such extension to Registered Holders of the Warrants and, provided further that any such extension shall be
      identical in duration among all the Warrants.

    

    

    3.3          Exercise of Warrants.

    

    

    3.3.1          Payment.  Subject to the provisions of the Warrant and this Agreement, a Warrant, when countersigned by the Warrant Agent, may be exercised by the Registered Holder thereof by
      surrendering it, at the office of the Warrant Agent, or at the office of its successor as Warrant Agent, in the Borough of Manhattan, City and State of New York, with the subscription form, as set forth in the Warrant, duly executed, and by paying in
      full the Warrant Price for each full share of Class A Common Stock as to which the Warrant is exercised and any and all applicable taxes due in connection with the exercise of the Warrant, the exchange of the Warrant for the shares of Class A Common
      Stock and the issuance of such Class A Common Stock, as follows:

    

    

    (a)          in lawful money of the United States, in good certified check or good bank draft payable to the Warrant Agent;

    

    

    (b)          in the event of a redemption pursuant to Section 6.1 hereof in which the Company’s board of directors (the “Board”)

      has elected to require all holders of the Warrants to exercise such Warrants on a “cashless basis,” by surrendering the Warrants for that number of shares of Class A Common Stock equal to
      the lesser of (A) the quotient obtained by dividing (x) the product of the number of shares of Class A Common Stock underlying the Warrants, multiplied by the difference between the Warrant Price and the “Fair Market Value”, as defined in this
      subsection 3.3.1(b) by (y) the Fair Market Value and (B) 0.361.  Solely for purposes of this subsection 3.3.1(b) and Section 6.4, the “Fair Market Value” shall mean the average reported last sale price of the shares of Class A Common Stock for the
      ten (10) trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of the Warrants, pursuant to Section 6 hereof;

    
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    (c)          with respect to any Private Placement Warrant, so long as such Private Placement Warrant is held by an Sponsor or a Permitted Transferee, by surrendering the Warrants
      for that number of shares of Class A Common Stock equal to (i) if in connection with a redemption of Private Placement Warrants pursuant to Section 6.2 hereof, as provided in Section 6.2 hereof with respect to a Make-Whole Exercise (as defined below)
      and (ii) in all other scenarios, the quotient obtained by dividing (x) the product of the number of shares of Class A Common Stock underlying the Warrants, multiplied by the difference between the Warrant Price and the “Fair Market Value”, as defined in this subsection 3.3.1(c), by (y) the Fair Market Value.  Solely for purposes of this subsection 3.3.1 (c), the “Fair Market
        Value” shall mean the average reported last sale price of the Class A Common Stock for the ten (10) trading days ending on the third trading day prior to the date on which notice of exercise of the Warrant is sent to the Warrant Agent;

    

    

    (d)          as provided in Section 6.2 hereof with respect to a Make-Whole Exercise; or

    

    

    	

          	(e)	
            as provided in Section 7.4 hereof.

          

    

    

    3.3.2          Issuance of Shares of Class A Common Stock on Exercise.  As soon as practicable after the exercise of any Warrant and the clearance of the funds in payment of the Warrant Price
      (if payment is pursuant to subsection 3.3.1(a)), the Company shall issue to the Registered Holder of such Warrant a book-entry position or certificate, as applicable, for the number of full shares of Class A Common Stock to which he, she or it is
      entitled, registered in such name or names as may be directed by him, her or it, and if such Warrant shall not have been exercised in full, a new book-entry position or countersigned Warrant, as applicable, for the number of shares of Class A Common
      Stock as to which such Warrant shall not have been exercised.  Notwithstanding the foregoing, the Company shall not be obligated to deliver any shares of Class A Common Stock pursuant to the exercise of a Warrant and shall have no obligation to
      settle such Warrant exercise unless a registration statement under the Securities Act with respect to the shares of Class A Common Stock underlying the Public Warrants is then effective and a prospectus relating thereto is current, subject to the
      Company’s satisfying its obligations under Section 7.4 or a valid exemption from registration is available.  No Warrant shall be exercisable and the Company shall not be obligated to issue shares of Class A Common Stock upon exercise of a Warrant
      unless the shares of Class A Common Stock issuable upon such Warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the Registered Holder of the Warrants.  In the event that the
      conditions in the two immediately preceding sentences are not satisfied with respect to a Warrant, the holder of such Warrant shall not be entitled to exercise such Warrant and such Warrant may have no value and expire worthless, in which case the
      purchaser of a Unit containing such Public Warrants shall have paid the full purchase price for the Unit solely for the shares of Class A Common Stock underlying such Unit.  In no event will the Company be required to net cash settle the Warrant
      exercise.  The Company may require holders of Public Warrants to settle the Warrant on a “cashless basis” pursuant to Section 7.4.  If, by reason of any exercise of Warrants on a “cashless basis”, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share of Class A Common Stock, the Company shall round down
      to the nearest whole number the number of shares of Class A Common Stock to be issued to such holder.

    

    

    3.3.3          Valid Issuance.  All shares of Class A Common Stock issued upon the proper exercise of a Warrant in conformity with this Agreement shall be validly issued, fully paid and
      non-assessable.

    

    

    3.3.4          Date of Issuance.  Each person in whose name any book-entry position or certificate, as applicable, for shares of Class A Common Stock is issued shall for all purposes be
      deemed to have become the holder of record of such shares of Class A Common Stock on the date on which the Warrant, or book-entry position representing such Warrant, was surrendered and payment of the Warrant Price was made, irrespective of the date
      of delivery of such certificate in the case of a certificated Warrant, except that, if the date of such surrender and payment is a date when the share transfer books of the Company or book-entry system of the Warrant Agent are closed, such person
      shall be deemed to have become the holder of such shares at the close of business on the next succeeding date on which the share transfer books or book-entry system are open.

    
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    3.3.5          Maximum Percentage.  A holder of a Warrant may notify the Company in writing in the event it elects to be subject to the provisions contained in this subsection 3.3.5; however,
      no holder of a Warrant shall be subject to this subsection 3.3.5 unless he, she or it makes such election.  If the election is made by a holder, the Warrant Agent shall not affect the exercise of the holder’s Warrant, and such holder shall not have
      the right to exercise such Warrant, to the extent that after giving effect to such exercise, such person (together with such person’s affiliates), to the Warrant Agent’s actual knowledge, would beneficially own in excess of 9.8% or such other amount
      as the holder may specify (the “Maximum Percentage”) of the shares of Class A Common Stock outstanding immediately after giving effect to such exercise.  For purposes of the foregoing
      sentence, the aggregate number of shares of Class A Common Stock beneficially owned by such person and his, her or its affiliates shall include the number of shares of Class A Common Stock issuable upon exercise of the Warrant with respect to which
      the determination of such sentence is being made, but shall exclude shares of Class A Common Stock that would be issuable upon (x) exercise of the remaining, unexercised portion of the Warrant beneficially owned by such person and his, her or its
      affiliates and (y) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company beneficially owned by such person and his, her or its affiliates (including, without limitation, any convertible notes or
      convertible preferred stock or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein.  Except as set forth in the preceding sentence, for purposes of this paragraph, beneficial ownership shall be
      calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).  For purposes of the Warrant, in determining the number of outstanding
      shares of Class A Common Stock, the holder may rely on the number of outstanding shares of Class A Common Stock as reflected in (1) the Company’s most recent annual report on Form 10‐K, quarterly report on Form 10-Q, current report on Form 8‐K or
      other public filing with the Commission as the case may be, (2) a more recent public announcement by the Company or (3) any other notice by the Company or the Transfer Agent setting forth the number of shares of Class A Common Stock outstanding.  For
      any reason at any time, upon the written request of the holder of the Warrant, the Company shall, within two (2) Business Days, confirm orally and in writing to such holder the number of shares of Class A Common Stock then outstanding.  In any case,
      the number of outstanding shares of Class A Common Stock shall be determined after giving effect to the conversion or exercise of equity securities of the Company by the holder and his, her or its affiliates since the date as of which such number of
      outstanding shares of Class A Common Stock was reported.  By written notice to the Company, the holder of a Warrant may from time to time increase or decrease the Maximum Percentage applicable to such holder to any other percentage specified in such
      notice; provided, however, that any such increase shall not be effective until the sixty-first (61st) day after such notice is delivered to the Company.

    

    

    	

          	4.	
            Adjustments.

          

    

    

    	

          	4.1	
            Stock Dividends.

          

    

    

    4.1.1          Split-Ups.  If after the date hereof, and subject to the provisions of Section 4.6 below, the number of outstanding shares of Class A Common Stock is increased by a stock
      dividend payable in shares of Class A Common Stock, or by a split-up of shares of Class A Common Stock or other similar event, then, on the effective date of such stock dividend, split-up or similar event, the number of shares of Class A Common Stock
      issuable on exercise of each Warrant shall be increased in proportion to such increase in the outstanding shares of Class A Common Stock.  A rights offering to holders of the Class A Common Stock entitling holders to purchase shares of Class A Common
      Stock at a price less than the “Fair Market Value” (as defined below) shall be deemed a stock dividend of a number of shares of Class A Common Stock equal to the product of (i) the number of
      shares of Class A Common Stock actually sold in such rights offering (or issuable under any other equity securities sold in such rights offering that are convertible into or exercisable for the Class A Common Stock) multiplied by (ii) one (1) minus
      the quotient of (x) the price per share of Class A Common Stock paid in such rights offering divided by (y) the Fair Market Value.  For purposes of this subsection 4.1.1, (i) if the rights offering is for securities convertible into or exercisable
      for Class A Common Stock, in determining the price payable for Class A Common Stock, there shall be taken into account any consideration received for such rights, as well as any additional amount payable upon exercise or conversion and (ii) ”Fair Market Value” means the volume weighted average price of the Class A Common Stock as reported during the ten (10) trading day period ending on the trading day prior to the first date on
      which the shares of Class A Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights.

    
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    4.1.2          Extraordinary Dividends.  If the Company, at any time while the Warrants are outstanding and unexpired, shall pay a dividend or make a distribution in cash, securities or other
      assets to the holders of the Class A Common Stock on account of such shares of Class A Common Stock (or other shares of the Company’s capital stock into which the Warrants are convertible), other than (a) as described in subsection 4.1.1 above, (b)
      Ordinary Cash Dividends (as defined below), (c) to satisfy the redemption rights of the holders of the Class A Common Stock in connection with a proposed initial Business Combination, (d) to satisfy the redemption rights of the holders of Class A
      Common Stock in connection with a stockholder vote to approve an amendment to the Company’s amended and restated certificate of incorporation that (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection
      with its initial Business Combination or redeem 100% of the Class A Common Stock if the Company does not complete the Company’s initial Business Combination within the time period set forth in the Company’s amended and restated certificate of
      incorporation or (B) with respect to any other provision relating to stockholders’ rights or pre-initial Business Combination activity, or (e) in connection with the redemption of the Class A Common Stock upon the Company’s failure to complete the
      Company’s initial Business Combination (any such non-excluded event being referred to herein as an “Extraordinary Dividend”), then the Warrant Price shall be decreased, effective immediately
      after the effective date of such Extraordinary Dividend, by the amount of cash and/or the fair market value (as determined by the Board, in good faith) of any securities or other assets paid on each share of Class A Common Stock in respect of such
      Extraordinary Dividend.  For purposes of this subsection 4.1.2, “Ordinary Cash Dividends” means any cash dividend or cash distribution which, when combined on a per share basis, with the per
      share amounts of all other cash dividends and cash distributions paid on the Class A Common Stock during the 365-day period ending on the date of declaration of such dividend or distribution (as adjusted to appropriately reflect any of the events
      referred to in other subsections of this Section 4 and excluding cash dividends or cash distributions that resulted in an adjustment to the Warrant Price or to the number of shares of Class A Common Stock issuable on exercise of each Warrant) does
      not exceed $0.50 (being 5% of the offering price of the Units in the Offering).

    

    

    4.2          Aggregation of Shares.  If after the date hereof, and subject to the provisions of Section 4.6 hereof, the number of outstanding shares of Class A Common Stock is decreased by a
      consolidation, combination, reverse stock split or reclassification of shares of Class A Common Stock or other similar event, then, on the effective date of such consolidation, combination, reverse stock split, reclassification or similar event, the
      number of shares of Class A Common Stock issuable on exercise of each Warrant shall be decreased in proportion to such decrease in outstanding shares of Class A Common Stock.

    

    

    4.3          Adjustments in Exercise Price.  Whenever the number of shares of Class A Common Stock purchasable upon the exercise of the Warrants is adjusted, as provided in subsection 4.1.1 or
      Section 4.2 above, the Warrant Price shall be adjusted (to the nearest cent) by multiplying such Warrant Price immediately prior to such adjustment by a fraction (a) the numerator of which shall be the number of shares of Class A Common Stock
      purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (b) the denominator of which shall be the number of shares of Class A Common Stock so purchasable immediately thereafter.

    

    

    4.4          Further Adjustments in Exercise Price.  If, (x) in connection with the closing of the initial Business Combination, the Company issues additional shares of Class A Common Stock or
      securities of the Company which are convertible into, or exchangeable or exercisable for, equity securities of the Company, including any securities issued by the Company which are pledged to secure any obligation of any holder to purchase equity
      securities of the Company, at an issue price or effective issue price of less than $9.20 per share of Class A Common Stock, with such issue price or effective issue price to be determined in good faith by the Board (and in the case of any such
      issuance to the Sponsor or their affiliates, without taking into account any shares of Class B common stock of the Company, par value $0.0001 per share, issued prior to the Offering and held by the Sponsor or such affiliates, as applicable, prior to
      such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the
      funding of the Company’s initial Business Combination on the date of the completion of the Company’s initial Business Combination (net of redemptions) and (z) the volume-weighted average trading price of shares of Class A Common Stock during the
      twenty (20) trading day period starting on the trading day prior to the day on which the Company consummates its initial Business Combination (such price, the “Market Value”) is below $9.20
      per share, the Warrant Price shall be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, the $10.00 per share redemption trigger price described in Section 6.2 shall be adjusted (to the
      nearest cent) to be equal to the higher of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price described in Section 6.1 and Section 6.2 shall be adjusted (to the nearest cent) to be equal to 180% of the
      higher of the Market Value and the Newly Issued Price.

    
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    4.5          Replacement of Securities upon Reorganization, etc. In case of any reclassification or reorganization of the outstanding shares of Class A Common Stock (other than a change under
      subsections 4.1.1 or 4.1.2 or Section 4.2 hereof or that solely affects the par value of such shares of Class A Common Stock), or in the case of any merger or consolidation of the Company with or into another corporation (other than a consolidation
      or merger in which the Company is the continuing corporation and that does not result in any reclassification or reorganization of the outstanding shares of Class A Common Stock), or in the case of any sale or conveyance to another corporation or
      entity of the assets or other property of the Company as an entirety or substantially as an entirety in connection with which the Company is dissolved, the holders of the Warrants shall thereafter have the right to purchase and receive, upon the
      basis and upon the terms and conditions specified in the Warrants and in lieu of the shares of Class A Common Stock of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, the kind and
      amount of shares of stock or other securities or property (including cash) receivable upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or transfer, that the holder of the Warrants
      would have received if such holder had exercised his, her or its Warrant(s) immediately prior to such event (the “Alternative Issuance”); provided, however, that (i) if the holders of the
      Class A Common Stock were entitled to exercise a right of election as to the kind or amount of securities, cash or other assets receivable upon such consolidation or merger, then the kind and amount of securities, cash or other assets constituting
      the Alternative Issuance for which each Warrant shall become exercisable shall be deemed to be the weighted average of the kind and amount received per share by the holders of the Class A Common Stock in such consolidation or merger that
      affirmatively make such election, and (ii) if a tender, exchange or redemption offer shall have been made to and accepted by the holders of the Class A Common Stock (other than a tender, exchange or redemption offer made by the Company in connection
      with redemption rights held by stockholders of the Company as provided for in the Company’s amended and restated certificate of incorporation or as a result of the redemption of shares of Class A Common Stock by the Company if a proposed initial
      Business Combination is presented to the stockholders of the Company for approval) under circumstances in which, upon completion of such tender or exchange offer, the maker thereof, together with members of any group (within the meaning of Rule
      13d-5(b)(1) under the Exchange Act (or any successor rule)) of which such maker is a part, and together with any affiliate or associate of such maker (within the meaning of Rule 12b-2 under the Exchange Act (or any successor rule)) and any members of
      any such group of which any such affiliate or associate is a part, own beneficially (within the meaning of Rule 13d-3 under the Exchange Act (or any successor rule)) more than 50% of the outstanding shares of Class A Common Stock, the holder of a
      Warrant shall be entitled to receive as the Alternative Issuance, the highest amount of cash, securities or other property to which such holder would actually have been entitled as a stockholder if such Warrant holder had exercised the Warrant prior
      to the expiration of such tender or exchange offer, accepted such offer and all of the Class A Common Stock held by such holder had been purchased pursuant to such tender or exchange offer, subject to adjustments (from and after the consummation of
      such tender or exchange offer) as nearly equivalent as possible to the adjustments provided for in this Section 4; provided, further, that if less than 70% of the consideration receivable by the holders of the Class A Common Stock in the applicable
      event is payable in the form of common stock in the successor entity that is listed for trading on a national securities exchange or is quoted in an established over-the-counter market, or is to be so listed for trading or quoted immediately
      following such event, and if the Registered Holder properly exercises the Warrant within thirty (30) days following the public disclosure of the consummation of such applicable event by the Company pursuant to a Current Report on Form 8‐K filed with
      the Commission, the Warrant Price shall be reduced by an amount (in dollars) equal to the difference of (i) the Warrant Price in effect prior to such reduction minus (ii) (A) the Per Share Consideration (as defined below) (but in no event less than
      zero) minus (B) the Black-Scholes Warrant Value (as defined below).  The “Black-Scholes Warrant Value” means the value of a Warrant immediately prior to the consummation of the applicable
      event based on the Black-Scholes Warrant Model for a Capped American Call on Bloomberg Financial Markets (“Bloomberg”).  For purposes of calculating such amount, (1) Section 6 of this
      Agreement shall be taken into account, (2) the price of each share of Class A Common Stock shall be the volume weighted average price of the Class A Common Stock as reported during the ten (10) trading day period ending on the trading day prior to
      the effective date of the applicable event, (3) the assumed volatility shall be the 90 day volatility obtained from the HVT function on Bloomberg determined as of the trading day immediately prior to the day of the announcement of the applicable
      event, and (4) the assumed risk-free interest rate shall correspond to the U.S. Treasury rate for a period equal to the remaining term of the Warrant.  “Per Share Consideration” means (i) if
      the consideration paid to holders of the Class A Common Stock consists exclusively of cash, the amount of such cash per share of Class A Common Stock, and (ii) in all other cases, the volume weighted average price of the Class A Common Stock as
      reported during the ten (10) trading day period ending on the trading day prior to the effective date of the applicable event.  If any reclassification or reorganization also results in a change in shares of Class A Common Stock covered by subsection
      4.1.1, then such adjustment shall be made pursuant to subsection 4.1.1 or Sections 4.2, 4.3, 4.4 and this Section 4.5.  The provisions of this Section 4.5 shall similarly apply to successive reclassifications, reorganizations, mergers or
      consolidations, sales or other transfers.  In no event will the Warrant Price be reduced to less than the par value per share issuable upon exercise of the Warrant.

    
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    4.6          Notices of Changes in Warrant.  Upon every adjustment of the Warrant Price or the number of shares of Class A Common Stock issuable upon exercise of a Warrant, the Company shall
      give written notice thereof to the Warrant Agent, which notice shall state the Warrant Price resulting from such adjustment and the increase or decrease, if any, in the number of shares of Class A Common Stock purchasable at such price upon the
      exercise of a Warrant, setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based.  Upon the occurrence of any event specified in Sections 4.1, 4.2, 4.3, 4.4 or 4.5, the Company shall give written
      notice of the occurrence of such event to each holder of a Warrant, at the last address set forth for such holder in the Warrant Register, of the record date or the effective date of the event.  Failure to give such notice, or any defect therein,
      shall not affect the legality or validity of such event.

    

    

    4.7          No Fractional Shares.  Notwithstanding any provision contained in this Agreement to the contrary, the Company shall not issue fractional shares of Class A Common Stock upon the
      exercise of Warrants.  If, by reason of any adjustment made pursuant to this Section 4, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share, the Company shall, upon such
      exercise, round down to the nearest whole number the number of shares of Class A Common Stock to be issued to such holder.

    

    

    4.8          Form of Warrant.  The form of Warrant need not be changed because of any adjustment pursuant to this Section 4, and Warrants issued after such adjustment may state the same
      Warrant Price and the same number of shares of Class A Common Stock as is stated in the Warrants initially issued pursuant to this Agreement; provided, however, that the Company may at any time in its sole discretion make any change in the form of
      Warrant that the Company may deem appropriate and that does not affect the substance thereof, and any Warrant thereafter issued or countersigned, whether in exchange or substitution for an outstanding Warrant or otherwise, may be in the form as so
      changed.

    

    

    4.9          Other Events.  In case any event shall occur affecting the Company as to which none of the provisions of the preceding subsections of this Section 4 are strictly applicable, but
      which would require an adjustment to the terms of the Warrants in order to (i) avoid an adverse impact on the Warrants and (ii) effectuate the intent and purpose of this Section 4, then, in each such case, the Company shall appoint a firm of
      independent public accountants or investment banking or other appraisal firm of recognized national standing, which shall give its opinion as to whether or not any adjustment to the rights represented by the Warrants is necessary to effectuate the
      intent and purpose of this Section 4 and, if they determine that an adjustment is necessary, the terms of such adjustment.  The Company shall adjust the terms of the Warrants in a manner that is consistent with any adjustment recommended in such
      opinion.

    

    

    	

          	5.	
            Transfer and Exchange of Warrants.

          

    

    

    5.1          Registration of Transfer.  The Warrant Agent shall register the transfer, from time to time, of any outstanding Warrant upon the Warrant Register, upon surrender of such Warrant
      for transfer, in the case of certified Warrants, properly endorsed with signatures properly medallion guaranteed and accompanied by appropriate instructions for transfer.  Upon any such transfer, a new Warrant representing an equal aggregate number
      of Warrants shall be issued and the old Warrant shall be cancelled by the Warrant Agent.  In the case of certificated Warrants, the Warrants so cancelled shall be delivered by the Warrant Agent to the Company from time to time upon request.

    

    

    5.2          Procedure for Surrender of Warrants.  Warrants may be surrendered to the Warrant Agent, together with a written request for exchange or transfer, and thereupon the Warrant Agent
      shall issue in exchange therefor one or more new Warrants as requested by the Registered Holder of the Warrants so surrendered, representing an equal aggregate number of Warrants; provided, however, that in the event that a Warrant surrendered for
      transfer bears a restrictive legend (as in the case of the Private Placement Warrants), the Warrant Agent shall not cancel such Warrant and issue new Warrants in exchange thereof until the Warrant Agent has received an opinion of counsel for the
      Company stating that such transfer may be made and indicating whether the new Warrants must also bear a restrictive legend.

    

    

    5.3          Transfers of Fractions of Warrants.  The Warrant Agent shall not be required to effect any registration of transfer or exchange of Warrants which would require the issuance of a
      warrant certificate or book-entry position for a fraction of a warrant, except as part of the Units.

    
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    5.4          Service Charges.  No service charge shall be made for any exchange or registration of transfer of Warrants.

    

    

    5.5          Warrant Execution and Countersignature.  The Warrant Agent is hereby authorized to countersign and to deliver, in accordance with the terms of this Agreement, the Warrants
      required to be issued pursuant to the provisions of this Section 5, and the Company, whenever required by the Warrant Agent, shall supply the Warrant Agent with Warrants duly executed on behalf of the Company for such purpose.

    

    

    5.6          Transfer of Warrants.  Prior to the Detachment Date, the Public Warrants may be transferred or exchanged only together with the Unit in which such Warrant is included, and only
      for the purpose of effecting, or in conjunction with, a transfer or exchange of such Unit.  Furthermore, each transfer of a Unit on the register relating to such Units shall operate also to transfer the Warrants included in such Unit. 
      Notwithstanding the foregoing, the provisions of this Section 5.6 shall have no effect on any transfer of Warrants on and after the Detachment Date.

    

    

    	

          	6.	
            Redemption.

          

    

    

    6.1          Redemption of Warrants for Cash.  Subject to Section 6.5 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while
      they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 below, at a Redemption Price of $0.01 per Warrant, provided that (a) the
      Reference Value equals or exceeds $18.00 per share (subject to adjustment in compliance with Section 4 hereof), and (b) there is an effective registration statement covering the issuance of the shares of Class A Common Stock issuable upon exercise of
      the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.3 below) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to subsection 3.3.1.

    
      10

      
        

    

    

    

    6.2          Redemption of Warrants for Class A Common Stock.  Subject to Section 6.5 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company,
      commencing ninety (90) days after they are first exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 below, provided that (a) the Reference
      Value equals or exceeds $10.00 per share (subject to adjustment in compliance with Section 4 hereof) and (b) if the Reference Value is less than $18.00 per share (subject to adjustment in compliance with Section 4 hereof), the Private Placement
      Warrants are also concurrently called for redemption on the same terms as the outstanding Public Warrants.  During the 30-day Redemption Period in connection with a redemption pursuant to this Section 6.2, Registered Holders of the Warrants may elect
      to exercise their Warrants on a “cashless basis” pursuant to subsection 3.3.1 and receive a number of shares of Class A Common Stock determined by reference to the table below, based on the
      redemption date (calculated for purposes of the table as the period to expiration of the Warrants) and the “Redemption Fair Market Value” (as such term is defined in this Section 6.2) (a “Make-Whole Exercise”).  Solely for purposes of this Section 6.2, the “Redemption Fair Market Value” shall mean the volume weighted
      average price of the shares of Class A Common Stock for the ten (10) trading days immediately following the date on which notice of redemption pursuant to this Section 6.2 is sent to the Registered Holders.  In connection with any redemption pursuant
      to this Section 6.2, the Company shall provide the Registered Holders with the Redemption Fair Market Value no later than one (1) Business Day after the ten (10) trading day period described above ends.

    

    

    	
            Redemption Date

          	 	
            
              Redemption Fair Market Value of Our Class A Common Stock

            

          

    	
            
              (period to expiration of warrants)

            

          	 	
            
              ≤$10.00

            

          	 	
            
              $11.00

            

          	 	
            
              $12.00

            

          	 	
            
              $13.00

            

          	 	
            
              $14.00

            

          	 	
            
              $15.00

            

          	 	
            
              $16.00

            

          	 	
            
              $17.00

            

          	 	
            
              ≥$18.00

            

          
	
            60 months

          	 	
            0.261

          	 	
            0.281

          	 	
            0.297

          	 	
            0.311

          	 	
            0.324

          	 	
            0.337

          	 	
            0.348

          	 	
            0.358

          	 	
            0.361

          
	
            57 months

          	 	
            0.257

          	 	
            0.277

          	 	
            0.294

          	 	
            0.310

          	 	
            0.324

          	 	
            0.337

          	 	
            0.348

          	 	
            0.358

          	 	
            0.361

          
	
            54 months

          	 	
            0.252

          	 	
            0.272

          	 	
            0.291

          	 	
            0.307

          	 	
            0.322

          	 	
            0.335

          	 	
            0.347

          	 	
            0.357

          	 	
            0.361

          
	
            51 months

          	 	
            0.246

          	 	
            0.268

          	 	
            0.287

          	 	
            0.304

          	 	
            0.320

          	 	
            0.333

          	 	
            0.346

          	 	
            0.357

          	 	
            0.361

          
	
            48 months

          	 	
            0.241

          	 	
            0.263

          	 	
            0.283

          	 	
            0.301

          	 	
            0.317

          	 	
            0.332

          	 	
            0.344

          	 	
            0.356

          	 	
            0.361

          
	
            45 months

          	 	
            0.235

          	 	
            0.258

          	 	
            0.279

          	 	
            0.298

          	 	
            0.315

          	 	
            0.330

          	 	
            0.343

          	 	
            0.356

          	 	
            0.361

          
	
            42 months

          	 	
            0.228

          	 	
            0.252

          	 	
            0.274

          	 	
            0.294

          	 	
            0.312

          	 	
            0.328

          	 	
            0.342

          	 	
            0.355

          	 	
            0.361

          
	
            39 months

          	 	
            0.221

          	 	
            0.246

          	 	
            0.269

          	 	
            0.290

          	 	
            0.309

          	 	
            0.325

          	 	
            0.340

          	 	
            0.354

          	 	
            0.361

          
	
            36 months

          	 	
            0.213

          	 	
            0.239

          	 	
            0.263

          	 	
            0.285

          	 	
            0.305

          	 	
            0.323

          	 	
            0.339

          	 	
            0.353

          	 	
            0.361

          
	
            33 months

          	 	
            0.205

          	 	
            0.232

          	 	
            0.257

          	 	
            0.280

          	 	
            0.301

          	 	
            0.320

          	 	
            0.337

          	 	
            0.352

          	 	
            0.361

          
	
            30 months

          	 	
            0.196

          	 	
            0.224

          	 	
            0.250

          	 	
            0.274

          	 	
            0.297

          	 	
            0.316

          	 	
            0.335

          	 	
            0.351

          	 	
            0.361

          
	
            27 months

          	 	
            0.185

          	 	
            0.214

          	 	
            0.242

          	 	
            0.268

          	 	
            0.291

          	 	
            0.313

          	 	
            0.332

          	 	
            0.350

          	 	
            0.361

          
	
            24 months

          	 	
            0.173

          	 	
            0.204

          	 	
            0.233

          	 	
            0.260

          	 	
            0.285

          	 	
            0.308

          	 	
            0.329

          	 	
            0.348

          	 	
            0.361

          
	
            21 months

          	 	
            0.161

          	 	
            0.193

          	 	
            0.223

          	 	
            0.252

          	 	
            0.279

          	 	
            0.304

          	 	
            0.326

          	 	
            0.347

          	 	
            0.361

          
	
            18 months

          	 	
            0.146

          	 	
            0.179

          	 	
            0.211

          	 	
            0.242

          	 	
            0.271

          	 	
            0.298

          	 	
            0.322

          	 	
            0.345

          	 	
            0.361

          
	
            15 months

          	 	
            0.130

          	 	
            0.164

          	 	
            0.197

          	 	
            0.230

          	 	
            0.262

          	 	
            0.291

          	 	
            0.317

          	 	
            0.342

          	 	
            0.361

          
	
            12 months

          	 	
            0.111

          	 	
            0.146

          	 	
            0.181

          	 	
            0.216

          	 	
            0.250

          	 	
            0.282

          	 	
            0.312

          	 	
            0.339

          	 	
            0.361

          
	
            9 months

          	 	
            0.090

          	 	
            0.125

          	 	
            0.162

          	 	
            0.199

          	 	
            0.237

          	 	
            0.272

          	 	
            0.305

          	 	
            0.336

          	 	
            0.361

          
	
            6 months

          	 	
            0.065

          	 	
            0.099

          	 	
            0.137

          	 	
            0.178

          	 	
            0.219

          	 	
            0.259

          	 	
            0.296

          	 	
            0.331

          	 	
            0.361

          
	
            3 months

          	 	
            0.034

          	 	
            0.065

          	 	
            0.104

          	 	
            0.150

          	 	
            0.197

          	 	
            0.243

          	 	
            0.286

          	 	
            0.326

          	 	
            0.361

          
	
            0 months

          	 	
            —

          	 	
            —

          	 	
            0.042

          	 	
            0.115

          	 	
            0.179

          	 	
            0.233

          	 	
            0.281

          	 	
            0.323

          	 	
            0.361

          

    
      11

      
        

    

    

    

    If the exact Redemption Fair Market Value and Redemption Date (as defined below) are between two values in the table above or the Redemption Date is between two redemption dates in the table above,
      the number of shares of Class A Common Stock to be issued for each Warrant redeemed will be determined by a straight-line interpolation between the number of shares set forth for the higher and lower Redemption Fair Market Values and the earlier and
      later redemption dates, as applicable, based on a 365-day year.

    

    

    The share prices set forth in the column headings of the table above shall be adjusted as of any date on which the number of shares issuable upon exercise of a Warrant or the Exercise Price is
      adjusted pursuant to Section 4.  If the number of shares issuable upon exercise of a Warrant is adjusted pursuant to Section 4 hereof, the adjusted stock prices in the column headings shall equal the stock prices immediately prior to such adjustment,
      multiplied by a fraction, the numerator of which is the number of shares deliverable upon exercise of a Warrant immediately prior to such adjustment and the denominator of which is the number of shares deliverable upon exercise of a Warrant as so
      adjusted.  The number of shares in the table above shall be adjusted in the same manner and at the same time as the number of shares issuable upon exercise of a Warrant.  If the Exercise Price is adjusted, (a) in the case of an adjustment pursuant to
      Section 4.4 hereof, the adjusted share prices in the column headings shall equal the share prices immediately prior to such adjustment multiplied by a fraction, the numerator of which is the higher of the Market Value and the Newly Issued Price and
      the denominator of which is $10.00 and (b) in the case of an adjustment pursuant to Section 4.1.2 hereof, the adjusted share prices in the column headings shall equal the share prices immediately prior to such adjustment less the decrease in the
      Exercise Price pursuant to such Exercise Price adjustment.  In no event shall the Warrants be exercisable in connection with a Make-Whole Exercise for more than 0.361 Class A Common Stock per Warrant (subject to adjustment).

    

    

    6.3          Date Fixed for, and Notice of, Redemption.  In the event that the Company elects to redeem all of the Warrants pursuant to Section 6.1, the Company shall fix a date for the
      redemption (the “Redemption Date”).  In the event that the Company elects to redeem all of the Warrants pursuant to Section 6.2, the Company shall fix a date for redemption (the “Alternative Redemption Date”).  Notice of redemption shall be mailed by first class mail, postage prepaid, by the Company not less than thirty (30) days prior to the Redemption Date (the “30-day Redemption Period”) to the Registered Holders of the Warrants to be redeemed at their last addresses as they shall appear on the registration books.  Any notice mailed in the manner
      herein provided shall be conclusively presumed to have been duly given whether or not the Registered Holder received such notice.  As used in this Agreement, (a) ”Redemption Price” shall
      mean the price per Warrant at which any Warrants are redeemed pursuant to Sections 6.1 or 6.2 and (b) ”Reference Value” shall mean the last reported sales price of the Class A Common Stock
      for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which the Company sends the notice of the redemption to the holders of the Warrants.

    

    

    6.4          Exercise After Notice of Redemption.  The Warrants may be exercised, for cash (or on a “cashless basis” in accordance
      with subsection 3.3.1(b) of this Agreement) at any time after notice of redemption shall have been given by the Company pursuant to Section 6.3 hereof and prior to the Redemption Date.  In the event that the Company determines to require all holders
      of Warrants to exercise their Warrants on a “cashless basis” pursuant to subsection 3.3.1, the notice of redemption shall contain the information necessary to calculate the number of shares
      of Class A Common Stock to be received upon exercise of the Warrants, including the “Fair Market Value” (as such term is defined in subsection 3.3.1(b) hereof) in such case.  On and after
      the Redemption Date, the record holder of the Warrants shall have no further rights except to receive, upon surrender of the Warrants or the Redemption Price, as applicable.

    
      12

      
        

    

    

    

    6.5          Effect of Private Placement Warrants.

    

    

    6.5.1          The Company agrees that (a) the redemption rights provided in Section 6.1 shall not apply to the Private Placement Warrants if at the time of the redemption such Private Placement
      Warrants continue to be held by the Sponsor or Permitted Transferees of the Sponsor and (b) if the Reference Value equals or exceeds $18.00 per share (subject to adjustment in compliance with Section 4 hereof), the redemption rights provided in
      Section 6.2 hereof shall not apply to the Private Placement Warrants if at the time of the redemption such Private Placement Warrants continue to be held by the Sponsor or Permitted Transferees of the Sponsor.  However, once such Private Placement
      Warrants are transferred (other than to Permitted Transferees under Section 2.6), the Company may redeem the Private Placement Warrants, provided that the criteria for redemption are met, including the opportunity of the holder of such Private
      Placement Warrants to exercise the Private Placement Warrants prior to redemption pursuant to Section 6.4.  Private Placement Warrants that are transferred to persons other than Permitted Transferees shall upon such transfer cease to be Private
      Placement Warrants and shall become Public Warrants under this Agreement.

    

    

    6.5.2          The Company agrees that the provisions of Section 6.2 shall apply to the Private Placement Warrants pari passu with the Public Warrants.

    

    

    	

          	7.	
            Other Provisions Relating to Rights of Holders of Warrants.

          

    

    

    7.1          No Rights as Stockholder.  A Warrant does not entitle the Registered Holder thereof to any of the rights of a stockholder of the Company, including, without limitation, the right
      to receive dividends, or other distributions, exercise any preemptive rights to vote or to consent or to receive notice as stockholders in respect of the meetings of stockholders or the election of directors of the Company or any other matter.

    

    

    7.2          Lost, Stolen, Mutilated, or Destroyed Warrants.  If any Warrant is lost, stolen, mutilated, or destroyed, the Company and the Warrant Agent may on such terms as to indemnity or
      otherwise as they may in their discretion impose (which shall, in the case of a mutilated Warrant, include the surrender thereof), issue a new Warrant of like denomination, tenor, and date as the Warrant so lost, stolen, mutilated, or destroyed.  Any
      such new Warrant shall constitute a substitute contractual obligation of the Company, whether or not the allegedly lost, stolen, mutilated, or destroyed Warrant shall be at any time enforceable by anyone.

    

    

    7.3          Reservation of Class A Common Stock.  The Company shall at all times reserve and keep available a number of its authorized but unissued shares of Class A Common Stock that shall
      be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Agreement.

    
      13

      
        

    

    

    

    7.4          Registration of Class A Common Stock; Cashless Exercise at Company’s Option.

    

    

    7.4.1          Registration of the Class A Common Stock.  The Company agrees that as soon as practicable, but in no event later than fifteen (15) Business Days after the closing of its
      initial Business Combination, it shall use its reasonable best efforts to file with the Commission a registration statement for the registration, under the Securities Act, of the shares of Class A Common Stock issuable upon exercise of the Warrants. 
      The Company shall use its reasonable best efforts to cause the same to become effective and to maintain the effectiveness of such registration statement, and a current prospectus relating thereto, until the expiration of the Warrants in accordance
      with the provisions of this Agreement.  If any such registration statement has not been declared effective by the sixtieth (60th) Business Day following the closing of the Business Combination, holders of the Warrants shall have the right, during the
      period beginning on the sixty-first (61st) Business Day after the closing of the Business Combination and ending upon such registration statement being declared effective by the Commission, and during any other period when the Company shall fail to
      have maintained an effective registration statement covering the shares of Class A Common Stock issuable upon exercise of the Warrants, to exercise such Warrants on a “cashless basis,” by
      exchanging the Warrants (in accordance with Section 3(a)(9) of the Securities Act (or any successor statute) or another exemption) for that number of shares of Class A Common Stock equal to the quotient obtained by dividing (x) the product of the
      number of shares of Class A Common Stock underlying the Warrants, multiplied by the difference between the Warrant Price and the “Fair Market Value” (as defined below) by (y) the Fair Market
      Value.  Solely for purposes of this subsection 7.4.1, “Fair Market Value” shall mean the volume weighted average price of the Class A Common Stock as reported during the ten (10) trading day
      period ending on the trading day prior to the date that notice of exercise is received by the Warrant Agent from the holder of such Warrants or its securities broker or intermediary.  The date that notice of cashless exercise is received by the
      Warrant Agent shall be conclusively determined by the Warrant Agent.  In connection with the “cashless exercise” of a Public Warrant, the Company shall, upon request, provide the Warrant
      Agent with an opinion of counsel for the Company (which shall be an outside law firm with securities law experience) stating that (i) the exercise of the Warrants on a cashless basis in accordance with this subsection 7.4.1 is not required to be
      registered under the Securities Act and (ii) the shares of Class A Common Stock issued upon such exercise shall be freely tradable under United States federal securities laws by anyone who is not an affiliate (as such term is defined in Rule 144
      under the Securities Act (or any successor rule)) of the Company and, accordingly, shall not be required to bear a restrictive legend.  Except as provided in subsection 7.4.2, for the avoidance of any doubt, unless and until all of the Warrants have
      been exercised, the Company shall continue to be obligated to comply with its registration obligations under the first three sentences of this subsection 7.4.1.

    

    

    7.4.2          Cashless Exercise at Company’s Option.  If the Class A Common Stock is at the time of any exercise of a Warrant not listed on a national securities exchange such that it
      satisfies the definition of a “covered security” under Section 18(b)(1) of the Securities Act (or any successor statute), the Company may, at its option, (i) require holders of Public
      Warrants who exercise Public Warrants to exercise such Public Warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act (or any successor statute) as described
      in subsection 7.4.1 and (ii) in the event the Company so elects, the Company shall (x) not be required to file or maintain in effect a registration statement for the registration, under the Securities Act, of the Class A Common Stock issuable upon
      exercise of the Warrants, notwithstanding anything in this Agreement to the contrary and (y) use its best efforts to register or qualify the Class A Common Stock issuable upon exercise of the Public Warrant under the blue sky laws of the state of
      residence of the exercising Public Warrant holder to the extent an exemption is not available.  Upon receipt of a notice of Cashless Exercise (as defined in the Warrant Certificate), the Company will promptly calculate and transmit to the Warrant
      Agent the number of shares of Class A Common Stock issuable in connection with such Cashless Exercise and deliver a copy of the notice of exercise to the Warrant Agent, which shall issue such number of shares of Class A Common Stock in connection
      with such Cashless Exercise.

    

    

    8.          Concerning the Warrant Agent and Other Matters.

    

    

    8.1          Payment of Taxes.  The Company shall from time to time promptly pay all taxes and charges that may be imposed upon the Company or the Warrant Agent in respect of the issuance or
      delivery of shares of Class A Common Stock upon the exercise of the Warrants, but the Company shall not be obligated to pay any transfer taxes in respect of the Warrants or such shares of Class A Common Stock.

    
      14

      
        

    

    

    

    8.2          Resignation, Consolidation, or Merger of Warrant Agent.

    

    

    8.2.1          Appointment of Successor Warrant Agent.  The Warrant Agent, or any successor to it hereafter appointed, may resign its duties and be discharged from all further duties and
      liabilities hereunder after giving sixty (60) days’ notice in writing to the Company.  If the office of the Warrant Agent becomes vacant by resignation or incapacity to act or otherwise, the Company shall appoint in writing a successor Warrant Agent
      in place of the Warrant Agent.

    

    

    If the Company shall fail to make such appointment within a period of thirty (30) days after it has been notified in writing of such resignation or incapacity by the Warrant Agent or by the holder of
      a Warrant (who shall, with such notice, submit his, her or its Warrant for inspection by the Company), then the holder of any Warrant may apply to the Supreme Court of the State of New York for the County of New York for the appointment of a
      successor Warrant Agent at the Company’s cost.  Any successor Warrant Agent, whether appointed by the Company or by such court, shall be a corporation organized and existing under the laws of the State of New York, in good standing and having its
      principal office in the Borough of Manhattan, City and State of New York, and authorized under such laws to exercise corporate trust powers and subject to supervision or examination by federal or state authority.  After appointment, any successor
      Warrant Agent shall be vested with all the authority, powers, rights, immunities, duties, and obligations of its predecessor Warrant Agent with like effect as if originally named as Warrant Agent hereunder, without any further act or deed; but if for
      any reason it becomes necessary or appropriate, the predecessor Warrant Agent shall execute and deliver, at the expense of the Company, an instrument transferring to such successor Warrant Agent all the authority, powers, and rights of such
      predecessor Warrant Agent hereunder; and upon request of any successor Warrant Agent the Company shall make, execute, acknowledge, and deliver any and all instruments in writing for more fully and effectually vesting in and confirming to such
      successor Warrant Agent all such authority, powers, rights, immunities, duties, and obligations.

    

    

    8.2.2          Notice of Successor Warrant Agent.  In the event a successor Warrant Agent shall be appointed, the Company shall give notice thereof to the predecessor Warrant Agent and the
      Transfer Agent for the Class A Common Stock not later than the effective date of any such appointment.

    

    

    8.2.3          Merger or Consolidation of Warrant Agent.  Any corporation into which the Warrant Agent may be merged or with which it may be consolidated or any corporation resulting from any merger
      or consolidation to which the Warrant Agent shall be a party shall be the successor Warrant Agent under this Agreement without any further act.

    

    

    8.3          Fees and Expenses of Warrant Agent.

    

    

    8.3.1          Remuneration.  The Company agrees to pay the Warrant Agent reasonable remuneration for its services as such Warrant Agent hereunder and shall, pursuant to its obligations under
      this Agreement, reimburse the Warrant Agent upon demand for all expenditures that the Warrant Agent may reasonably incur in the execution of its duties hereunder.

    

    

    8.3.2          Further Assurances.  The Company agrees to perform, execute, acknowledge, and deliver or cause to be performed, executed, acknowledged, and delivered all such further and other
      acts, instruments, and assurances as may reasonably be required by the Warrant Agent for the carrying out or performing of the provisions of this Agreement.

    

    

    8.4          Liability of Warrant Agent.

    

    

    8.4.1          Reliance on Company Statement.  Whenever in the performance of its duties under this Agreement, the Warrant Agent shall deem it necessary or desirable that any fact or matter
      be proved or established by the Company prior to taking or suffering any action hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved and established by a
      statement signed by the Chief Executive Officer, Chief Financial Officer, Secretary or Chairman of the Board of the Company and delivered to the Warrant Agent.  The Warrant Agent may rely upon such statement for any action taken or suffered in good
      faith by it pursuant to the provisions of this Agreement.

    
      15

      
        

    

    

    

    8.4.2          Indemnity.  The Warrant Agent shall be liable hereunder only for its own gross negligence, willful misconduct, fraud or bad faith.  The Company agrees to indemnify the Warrant
      Agent and save it harmless against any and all liabilities, including judgments, costs and reasonable counsel fees, for anything done or omitted by the Warrant Agent in the execution of this Agreement, except as a result of the Warrant Agent’s gross
      negligence, willful misconduct or bad faith.

    

    

    8.4.3          Exclusions.  The Warrant Agent shall have no responsibility with respect to the validity of this Agreement or with respect to the validity or execution of any Warrant (except
      its countersignature thereof).  The Warrant Agent shall not be responsible for any breach by the Company of any covenant or condition contained in this Agreement or in any Warrant.  The Warrant Agent shall not be responsible to make any adjustments
      required under the provisions of Section 4 hereof or responsible for the manner, method, or amount of any such adjustment or the ascertaining of the existence of facts that would require any such adjustment; nor shall it by any act hereunder be
      deemed to make any representation or warranty as to the authorization or reservation of any shares of Class A Common Stock to be issued pursuant to this Agreement or any Warrant or as to whether any shares of Class A Common Stock shall, when issued,
      be valid and fully paid and non-assessable.

    

    

    8.5          Acceptance of Agency.  The Warrant Agent hereby accepts the agency established by this Agreement and agrees to perform the same upon the terms and conditions herein set forth and
      among other things, shall account promptly to the Company with respect to Warrants exercised and concurrently account for, and pay to the Company, all monies received by the Warrant Agent for the purchase of shares of Class A Common Stock through the
      exercise of the Warrants.

    

    

    8.6          Waiver.  The Warrant Agent has no right of set-off or any other right, title, interest or claim of any kind (“Claim”)
      in, or to any distribution of, the Trust Account (as defined in that certain Investment Management Trust Agreement, dated as of the date hereof, by and between the Company and the Warrant Agent as trustee thereunder) and hereby agrees not to seek
      recourse, reimbursement, payment or satisfaction for any Claim against the Trust Account for any reason whatsoever.  The Warrant Agent hereby waives any and all Claims against the Trust Account and any and all rights to seek access to the Trust
      Account.

    

    

    9.          Miscellaneous Provisions.

    

    

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

    

    

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

    

    

    Mercury Ecommerce Acquisition Corp.

    3737 Buffalo Speedway, Suite 1750

    Houston, TX 77098

    Attention:  R. Andrew White

    

    

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

    

    

    Continental Stock Transfer & Trust Company

    1 State Street, 30th Floor

    New York, New York 10004

    Attn:  Compliance Department

    
      16

      
        

    

    

    

    9.3          Applicable Law.  The validity, interpretation, and performance of this Agreement and of the Warrants shall be governed in all respects by the laws of the State of New York,
      without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction.  The Company hereby agrees that any action, proceeding or claim against it arising out of or relating in any
      way to this Agreement shall be brought and enforced in the courts of the State of New York or the United States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be
      exclusive.  The Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.  Notwithstanding the foregoing, the provisions of this paragraph will not apply to suits brought to enforce any
      liability or duty created by the Exchange Act or any other claim for which the federal district courts of the United States of America are the sole and exclusive forum.

    

    

    Any person or entity purchasing or otherwise acquiring any interest in the Warrants shall be deemed to have notice of and to have consented to the forum provisions in this Section 9.3.  If any
      action, the subject matter of which is within the scope the forum provisions above, is filed in a court other than a court located within the State of New York or the United States District Court for the Southern District of New York (a “foreign action”) in the name of any warrant holder, such warrant holder shall be deemed to have consented to:  (x) the personal jurisdiction of the state and federal courts located within the
      State of New York or the United States District Court for the Southern District of New York in connection with any action brought in any such court to enforce the forum provisions (an “enforcement
        action”), and (y) having service of process made upon such warrant holder in any such enforcement action by service upon such warrant holder’s counsel in the foreign action as agent for such warrant holder.

    

    

    9.4          Persons Having Rights under this Agreement.  Nothing in this Agreement shall be construed to confer upon, or give to, any person or corporation other than the parties hereto and
      the Registered Holders of the Warrants any right, remedy, or claim under or by reason of this Agreement or of any covenant, condition, stipulation, promise, or agreement hereof.  All covenants, conditions, stipulations, promises, and agreements
      contained in this Agreement shall be for the sole and exclusive benefit of the parties hereto and their successors and assigns and of the Registered Holders of the Warrants.

    

    

    9.5          Examination of the Warrant Agreement.  A copy of this Agreement shall be available at all reasonable times at the office of the Warrant Agent in the Borough of Manhattan, City and
      State of New York, for inspection by the Registered Holder of any Warrant.  The Warrant Agent may require any such holder to submit such holder’s Warrant for inspection by the Warrant Agent.

    

    

    9.6          Counterparts.  This Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts shall for all purposes be deemed to be an original,
      and all such counterparts shall together constitute but one and the same instrument.

    

    

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

    

    

    9.8          Amendments.  This Agreement may be amended by the parties hereto without the consent of any Registered Holder for the purpose of curing any ambiguity, or curing, correcting or
      supplementing any defective provision contained herein or adding or changing any other provisions with respect to matters or questions arising under this Agreement as the parties may deem necessary or desirable and that the parties deem shall not
      adversely affect the interest of the Registered Holders.  All other modifications or amendments, including any amendment to increase the Warrant Price or shorten the Exercise Period and any amendment to the terms of only the Private Placement
      Warrants, shall require the vote or written consent of the Registered Holders of 50% of the then outstanding Public Warrants; provided that if an amendment adversely affects the Private Placement Warrants in a different manner than the Public
      Warrants or vice versa, then the vote or written consent of the Registered Holders of 65% of the Public Warrants and 65% of the Private Placement Warrants, voting as separate classes, shall be required.  Notwithstanding the foregoing, the Company may
      lower the Warrant Price or extend the duration of the Exercise Period pursuant to Sections 3.1 and 3.2, respectively, without the consent of the Registered Holders.

    

    

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

    

    

    Exhibit A — Form of Warrant Certificate

    Exhibit B — Legend

    
      17

      
        

    

    

    

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

    

    

    	 	
            Mercury Ecommerce Acquisition Corp.

          
	 	 	 
	 	 	 
	 	
            By:

          	

          
	 	 	
            Name:

          
	 	 	
            Title:

          
	 	 	 
	 	 	 
	 	
            Continental Stock Transfer & Trust Company,

            as Warrant Agent

          
	 	 	 
	 	 	 
	 	
            By:

          	

          
	 	 	
            Name:

          
	 	 	
            Title:

          

    

    

    

    

    

    

    Warrant Agreement Signature Page

    
      
        

    

    
    

    

    Exhibit A

    

    

    [Form of Warrant Certificate]

    

    

    [FACE]

    

    

    	
            Number

          	
            Warrants

          

    

    

    THIS WARRANT SHALL BE VOID IF NOT EXERCISED PRIOR TO

    THE EXPIRATION OF THE EXERCISE PERIOD PROVIDED FOR

    IN THE WARRANT AGREEMENT DESCRIBED BELOW

    

    

    MERCURY ECOMMERCE ACQUISITION CORP.

    Incorporated Under the Laws of the State of Delaware

    

    

    CUSIP [●]

    

    

    Warrant Certificate

    

    

    This Warrant Certificate certifies that, or registered assigns, is the registered holder of warrant(s) evidenced hereby (the “Warrants” and each, a “Warrant”) to purchase shares of Class A common stock, $0.0001 par value per share (“Class A Common Stock”), of Mercury Ecommerce Acquisition Corp., a Delaware corporation (the “Company”).  Each Warrant entitles the holder, upon exercise
      during the period set forth in the Warrant Agreement referred to below, to receive from the Company that number of fully paid and non-assessable shares of Class A Common Stock as set forth below, at the exercise price (the “Exercise Price”) as determined pursuant to the Warrant Agreement, payable by certified or official bank check payable to the Company (or through “cashless
        exercise” as provided for in the Warrant Agreement) upon surrender of this Warrant Certificate and payment of the Exercise Price at the office or agency of the Warrant Agent referred to below, subject to the conditions set forth herein and
      in the Warrant Agreement.  Defined terms used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement.

    

    

    Each whole Warrant is initially exercisable for one fully paid and non-assessable share of Class A Common Stock.  No fractional shares will be issued upon exercise of any Warrant.  If, upon exercise
      of the Warrants, a holder would be entitled to receive a fractional interest in a share Class A Common Stock, the Company will, upon exercise, round down to the nearest whole number the number of shares of Class A Common Stock to be issued to the
      warrant holder.  The number of shares of Class A Common Stock issuable upon exercise of the Warrants is subject to adjustment upon the occurrence of certain events as set forth in the Warrant Agreement.

    

    

    The initial Exercise Price per one share of Class A Common Stock for any Warrant is equal to $11.50 per share of Class A Common Stock.  The Exercise Price is subject to adjustment upon the occurrence
      of certain events as set forth in the Warrant Agreement.

    
      A-1

      
        

    

    

    

    Subject to the conditions set forth in the Warrant Agreement, the Warrants may be exercised only during the Exercise Period and to the extent not exercised by the end of such Exercise Period, such
      Warrants shall become void.  The Warrants may be redeemed, subject to certain conditions, as set forth in the Warrant Agreement.

    

    

    Reference is hereby made to the further provisions of this Warrant Certificate set forth on the reverse hereof and such further provisions shall for all purposes have the same effect as though fully
      set forth at this place.

    

    

    This Warrant Certificate shall not be valid unless countersigned by the Warrant Agent, as such term is used in the Warrant Agreement.

    

    

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

    

    

    	 	
            Mercury Ecommerce Acquisition Corp.

          
	 	 	 
	 	 	 
	 	
            By:

          	

          
	 	 	
            Name:

          
	 	 	
            Title:

          
	 	 	 
	 	 	 
	 	
            Continental Stock Transfer & Trust Company, as Warrant Agent

          
	 	 	 
	 	 	 
	 	
            By:

          	

          
	 	 

          	
            Name:

          
	 	 

          	Title:

    
      A-2

      
        

    

    

    

    [Form of Warrant Certificate]

    [Reverse]

    

    

    The Warrants evidenced by this Warrant Certificate are part of a duly authorized issue of Warrants entitling the holder on exercise to receive shares of Class A Common Stock and are issued or to be
      issued pursuant to a Warrant Agreement, dated as of [●], 2021 (the “Warrant Agreement”), duly executed and delivered by the Company to Continental
      Stock Transfer & Trust Company, a New York corporation, as warrant agent (the “Warrant Agent”), which Warrant Agreement is hereby incorporated by reference in and made a part of this
      instrument and is hereby referred to for a description of the rights, limitation of rights, obligations, duties and immunities thereunder of the Warrant Agent, the Company and the holders (the words “holders” or “holder” meaning the Registered Holders or Registered Holder, respectively) of the Warrants.  A copy of the Warrant Agreement may be obtained by the holder
      hereof upon written request to the Company.  Defined terms used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement.

    

    

    Warrants may be exercised at any time during the Exercise Period set forth in the Warrant Agreement.  The holder of Warrants evidenced by this Warrant Certificate may exercise them by surrendering
      this Warrant Certificate, with the form of election to purchase set forth hereon properly completed and executed, together with payment of the Exercise Price as specified in the Warrant Agreement (or through “cashless exercise” as provided for in the Warrant Agreement) at the principal corporate trust office of the Warrant Agent.  In the event that upon any exercise of Warrants evidenced hereby the number of Warrants
      exercised shall be less than the total number of Warrants evidenced hereby, there shall be issued to the holder hereof or his, her or its assignee, a new Warrant Certificate evidencing the number of Warrants not exercised.

    

    

    Notwithstanding anything else in this Warrant Certificate or the Warrant Agreement, no Warrant may be exercised unless at the time of exercise (i) a registration statement covering the shares of
      Class A Common Stock to be issued upon exercise is effective under the Securities Act and (ii) a prospectus thereunder relating to the shares of Class A Common Stock is current, except through “cashless

        exercise” as provided for in the Warrant Agreement.

    

    

    The Warrant Agreement provides that upon the occurrence of certain events the number of shares of Class A Common Stock issuable upon exercise of the Warrants set forth on the face hereof may, subject
      to certain conditions, be adjusted.  If, upon exercise of a Warrant, the holder thereof would be entitled to receive a fractional interest in a share of Class A Common Stock, the Company shall, upon exercise, round down to the nearest whole number of
      shares of Class A Common Stock to be issued to the holder of the Warrant.

    

    

    Warrant Certificates, when surrendered at the principal corporate trust office of the Warrant Agent by the Registered Holder thereof in person or by legal representative or attorney duly authorized
      in writing, may be exchanged, in the manner and subject to the limitations provided in the Warrant Agreement, but without payment of any service charge, for another Warrant Certificate or Warrant Certificates of like tenor evidencing in the aggregate
      a like number of Warrants.

    

    

    Upon due presentation for registration of transfer of this Warrant Certificate at the office of the Warrant Agent, a new Warrant Certificate or Warrant Certificates of like tenor and evidencing in
      the aggregate a like number of Warrants shall be issued to the transferee(s) in exchange for this Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without charge except for any tax or other governmental charge
      imposed in connection therewith.

    

    

    The Company and the Warrant Agent may deem and treat the Registered Holder(s) hereof as the absolute owner(s) of this Warrant Certificate (notwithstanding any notation of ownership or other writing
      hereon made by anyone), for the purpose of any exercise hereof, of any distribution to the holder(s) hereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary.  Neither the
      Warrants nor this Warrant Certificate entitles any holder hereof to any rights of a stockholder of the Company.

    
      A-3

      
        

    

    

    

    Election to Purchase

    (To Be Executed Upon Exercise of Warrant)

    

    

    The undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, to receive shares of Class A Common Stock and herewith tenders payment for such shares of
      Class A Common Stock to the order of Mercury Ecommerce Acquisition Corp. (the “Company”) in the amount of $             in accordance with the terms hereof.  The undersigned requests that a
      certificate for such shares of Class A Common Stock be registered in the name of, whose address is and that such shares of Class A Common Stock be delivered to whose address is.  If said number of shares of Class A Common Stock is less than all of
      the shares of Class A Common Stock purchasable hereunder, the undersigned requests that a new Warrant Certificate representing the remaining balance of such shares of Class A Common Stock be registered in the name of, whose address is and that such
      Warrant Certificate be delivered to, whose address is.

    

    

    In the event that the Warrant has been called for redemption by the Company pursuant to Section 6 of the Warrant Agreement and the Company has required cashless exercise pursuant to Section

        6.4 of the Warrant Agreement, the number of shares of Class A Common Stock that this Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(b) and Section 6.4 of the Warrant Agreement.

    

    

    In the event that the Warrant has been called for redemption by the Company pursuant to Section 6.2 of the Warrant Agreement and a holder thereof elects to exercise its Warrant pursuant to a
      Make-Whole Exercise, the number of shares of Class A Common Stock that this Warrant is exercisable for shall be determined in accordance with Section 6.2 of the Warrant Agreement, as applicable.

    

    

    In the event that the Warrant is a Private Placement Warrant that is to be exercised on a “cashless” basis pursuant to subsection
        3.3.1(c) of the Warrant Agreement, the number of shares of Class A Common Stock that this Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(c) of the Warrant Agreement.

    

    

    In the event that the Warrant is to be exercised on a “cashless” basis pursuant to Section 7.4 of the Warrant Agreement, the
      number of shares of Class A Common Stock that this Warrant is exercisable for shall be determined in accordance with Section 7.4 of the Warrant Agreement.

    

    

    In the event that the Warrant (as such term is defined in the Warrant Agreement) may be exercised, to the extent allowed by the Warrant Agreement, through cashless exercise (i) the number of shares
      of Class A Common Stock that this Warrant is exercisable for would be determined in accordance with the relevant section of the Warrant Agreement which allows for such cashless exercise and (ii) the holder hereof shall complete the following:  The
      undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, through the cashless exercise provisions of the Warrant Agreement, to receive shares of Class A Common Stock.  If said number of shares is less than
      all of the shares of Class A Common Stock purchasable hereunder (after giving effect to the cashless exercise), the undersigned requests that a new Warrant Certificate representing the remaining balance of such shares of Class A Common Stock be
      registered in the name of, whose address is and that such Warrant Certificate be delivered to, whose address is.

    

    

    (Signature page follows)

    
      A-4

      
        

    

    

    

    	
            Date:            , 20

          	 
	 	 
	 	

          
	 	
            (Signature)

          
	 	 
	 	 
	 	

          
	 	
            (Address)

          
	 	 
	 	 
	 	 
	 	
            (Tax Identification Number)

          
	 	 
	 	 
	
            Signature Guaranteed:

          	 
	 	 
	

          	 
	 	 
	
            THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION
              PROGRAM, PURSUANT TO RULE 17Ad-15 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (OR ANY SUCCESSOR RULE)).

          

    
      A-5

      
        

    

    
    

    

    Exhibit B

    

    

    LEGEND

    

    

    “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF
      UNLESS REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE.  IN ADDITION, SUBJECT TO ANY ADDITIONAL LIMITATIONS ON TRANSFER DESCRIBED IN THE LETTER AGREEMENT
      BY AND AMONG MERCURY ECOMMERCE ACQUISITION CORP. (THE “COMPANY”), MERCURY SPONSOR GROUP I LLC AND THE OTHER PARTIES THERETO, THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD OR TRANSFERRED PRIOR TO THE DATE THAT IS THIRTY (30) DAYS
      AFTER THE DATE UPON WHICH THE COMPANY COMPLETES ITS INITIAL BUSINESS COMBINATION (AS DEFINED IN SECTION 3 OF THE WARRANT AGREEMENT REFERRED TO HEREIN) EXCEPT TO A PERMITTED TRANSFEREE (AS DEFINED IN SECTION 2 OF THE WARRANT AGREEMENT) WHO AGREES IN
      WRITING WITH THE COMPANY TO BE SUBJECT TO SUCH TRANSFER PROVISIONS.

    

    

    SECURITIES EVIDENCED BY THIS CERTIFICATE AND SHARES OF CLASS A COMMON STOCK OF THE COMPANY ISSUED UPON EXERCISE OF SUCH SECURITIES SHALL BE ENTITLED TO REGISTRATION RIGHTS UNDER A REGISTRATION RIGHTS AGREEMENT TO BE
      EXECUTED BY THE COMPANY.”

     

    

     B-1

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