Document:

Exhibit
4.5

 

[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

 

INTERNATIONAL
GENERAL INSURANCE HOLDINGS LTD.

 A
Bermuda Exempted Company

 

CUSIP
G4809J 114

 

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 common shares, $0.01 par
value (“Common Shares”), of International General Insurance Holdings Ltd., a Bermuda exempted company
(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 Common Shares as
set forth below, at the exercise price (the “Exercise Price”) as determined pursuant to the Warrant
Agreement, payable in lawful money (or through “cashless exercise” as provided for in the Warrant Agreement)
of the United States of America 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
Warrant is initially exercisable for one fully paid and non-assessable Common Share. No fractional shares will be issued upon
exercise of any Warrant. If, upon the exercise of Warrants, a holder would be entitled to receive a fractional interest in a Common
Share, the Company will, upon exercise, round down to the nearest number of Common Shares to be issued to the Warrant holder.
The number of Common Shares issuable upon exercise of the Warrants is subject to adjustment upon the occurrence of certain events
set forth in the Warrant Agreement.

 

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

 

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.

 

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.

 

	 	INTERNATIONAL GENERAL INSURANCE HOLDINGS LTD.
	 	  
	 	By:	/s/
	 	Name:	                                   
	 	Title:	 
	 	 	 
	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Warrant Agent
	 	 
	 	By:	/s/
	 	Name:	 
	 	Title:	 

  

    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 Common Shares and are issued or to be issued pursuant to a Warrant Agreement dated as of March 15, 2018, duly executed
and delivered by Tiberius Acquisition Corporation to Continental Stock Transfer & Trust Company, a New York corporation, as
warrant agent (the “Warrant Agent”), as amended on March , 2020, by an amendment duly executed by the
Company and the Warrant Agent (as amended, the “Warrant Agreement”) 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) 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 Common Shares to be issued upon exercise is effective under the Securities Act and (ii)
a prospectus thereunder relating to the Common Shares 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 Common Shares 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 Common Share, the Company shall, upon exercise, round down to
the nearest whole number of Common Shares 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
shareholder of the Company.

 

    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 Common
Shares and herewith tenders payment for such Common Shares to the order of International General Insurance Holdings Ltd. (the “Company”)
in the amount of $               in accordance
with the terms hereof. The undersigned requests that a certificate for such Common Shares be registered in the name of
               , whose address
is               and that such Common Shares be
delivered to                whose address
is               . If said number of Common Shares
is less than all of the Common Shares purchasable hereunder               , the undersigned requests that a new Warrant Certificate
representing the remaining balance of such Common Shares 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 6.3 of the Warrant Agreement, the number of Common Shares
that this Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(b) and Section 6.3
of the Warrant Agreement.

 

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 Common Shares 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 Common Shares 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 may be exercised, to the extent allowed by the Warrant Agreement, through cashless exercise (i)
the number of Common Shares 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 Common Shares. If said number of shares is less than all of the
Common Shares purchasable hereunder (after giving effect to the cashless exercise)               , the undersigned requests that a new
Warrant Certificate representing the remaining balance of such Common Shares be registered in the name
of               , whose address is and that such
Warrant Certificate be delivered
to               , whose address
is               .

 

[Signature
Page Follows]

 

    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 S.E.C. RULE 17Ad-15 (OR ANY SUCCESSOR
RULE)).

 

 

5Exhibit 4.7

 

AMENDMENT
NO. 1 TO WARRANT AGREEMENT

 

THIS
AMENDMENT NO. 1 TO THE WARRANT AGREEMENT (this “Amendment”) is made as of [●], 2020, by and among
Tiberius Acquisition Corp., a Delaware corporation (“Tiberius”), International General Insurance Holdings
Ltd, a Bermuda exempted company (“Pubco”), and Continental Stock Transfer & Trust Company, a New
York corporation, as warrant agent (the “Warrant Agent”).

 

WHEREAS,
on March 20, 2018, Tiberius consummated an initial public offering (the “Offering”) of units of its
equity securities, each such unit comprised of one share of Tiberius’s common stock, par value $0.0001 per share (“Common
Stock”), and one warrant to purchase a share of Common Stock for $11.50 per share (a “Public Warrant”),
and in connection with the closing of the initial public offering and the exercise of the over-allotment option related thereto,
Tiberius issued and delivered 17,250,000 Public Warrants to public investors in the Offering;

 

WHEREAS,
in connection with the Offering, Tiberius also sold 4,500,000 warrants to purchase Common Stock at an exercise price of $11.50
to Lagniappe Ventures LLC (the “Private Warrants” and, together with the Public Warrants, the “Warrants”);

 

WHEREAS,
Tiberius and the Warrant Agent are parties to that certain Warrant Agreement, dated as of March 15, 2018, and filed by Tiberius
with the United States Securities and Exchange Commission on March 21, 2018 as an exhibit to a current report on Form 8-K (the
“Warrant Agreement”), which governs the Warrants;

 

WHEREAS,
on October 10, 2019, Tiberius entered into a Business Combination Agreement (as amended, the “Business Combination
Agreement”) with International General Insurance Holdings Ltd., a company organized under the laws of the Dubai
International Financial Centre (“IGI”), Wasef Jabsheh, in the capacity as the representative (the “Seller
Representative”) for the holders of IGI’s outstanding ordinary shares that execute and deliver Exchange Agreements
(as defined below) in connection with the IGI Business Combination (as defined below) (the “Sellers”),
and Lagniappe Ventures LLC (the “Purchaser Representative”), in its capacity as the representative of
the stockholders of Tiberius, to which Business Combination Agreement Pubco and Tiberius Merger Sub, Inc., a Delaware corporation
and a direct subsidiary of Pubco (“Merger Sub”), subsequently became parties thereto pursuant to joinder
agreements;

 

WHEREAS,
in connection with the Business Combination Agreement, on and after October 10, 2019, all shareholders of IGI entered into Share
Exchange Agreements with IGI, Tiberius and the Seller Representative, pursuant to which Pubco subsequently became a party upon
execution of a joinder thereto (each, an “Exchange Agreement”);

 

    

     

    

 

WHEREAS,
pursuant to the IGI Business Combination Agreement and the Exchange Agreements, subject to the terms and conditions set forth
therein, at the closing of the IGI Business Combination (as defined below) (a) Tiberius will merge with and into Merger Sub, with
Tiberius continuing as the surviving entity (the “Merger”), and (b) Pubco will acquire all of the issued
and outstanding ordinary shares of IGI (the “Purchased Shares”) from the Sellers in exchange for a mix
of cash and ordinary shares of Pubco, with IGI becoming a subsidiary of Pubco (the “Share Exchange”
and, together with the Merger and the other transactions contemplated by the Business Combination Agreement, the “IGI
Business Combination”);

 

WHEREAS,
pursuant to the terms of the Business Combination Agreement, Tiberius and Pubco intend for Pubco to assume the obligations of
Tiberius under the Warrant Agreement and, upon consummation of the IGI Business Combination, for the Warrants to entitle the holders
thereof to purchase one common share, par value of $0.01, of Pubco at a price of $11.50 per share in accordance with the terms
of the Warrant Agreement, as amended by this Amendment;

 

WHEREAS,
pursuant to Section 4.4 of the Warrant Agreement, in the case of a merger of Tiberius with or into another entity, the holders
of Warrants have the right to purchase and receive, upon the basis and subject to the terms and conditions specified in the Warrants
and in lieu of the shares of Common Stock of Tiberius, the kind and amount of shares receivable upon such merger that the holders
of the Warrants would have received if such holder had exercised his Warrants prior to such event (the “Alternative
Issuance”), and Tiberius may not enter into any such merger unless the successor executes an amendment to the Warrant
Agreement providing for delivery of such Alternative Issuance; and

 

WHEREAS,
pursuant to Section 9.8 of the Warrant Agreement, Tiberius and the Warrant Agent may amend the terms of the Warrant Agreement,
without the consent of any holder, in order to provide for the delivery of Alternative Issuance pursuant to Section 4.4 of the
Warrant Agreement.

 

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

Terms
used herein but not defined shall have the meanings set forth in the Warrant Agreement.

 

1. Amendment
of Warrant Agreement.

 

(a)
Effective upon the consummation of the IGI Business Combination, Tiberius hereby assigns and delegates to Pubco, and Pubco hereby
expressly assumes, all the rights and obligations of Tiberius under the Warrant Agreement on the terms and subject to the conditions
set forth in the Warrant Agreement, as amended by this Amendment, and Pubco hereby agrees to be bound by all other applicable
provisions of the Warrant Agreement, as amended by this Amendment, as the “Company” as and after the consummation
of the IGI Business Combination.

 

(b)
The definition of Common Stock is hereby amended as follows:

 

“Common
Stock” means the common shares, par value $0.01, of Pubco.

 

(c)
The defined terms in this Amendment, including in the preamble and recitals hereto, are hereby added to the Warrant Agreement
as if they were set forth therein.

 

    2

     

    

 

(d)
The address for notice for Pubco for purposes of Section 9.2 of the Warrant Agreement shall be as follows:

 

International
General Insurance Holdings Ltd.

Office 606, Level 6, Tower 1

Al Fattan Currency House

Dubai International Financial Centre

PO Box 506646

Dubai, United Arab Emirates

Attention:
Wasef Jabsheh, Chief Executive Officer

 

2. Miscellaneous
Provisions.

 

2.1 Successors.
All the covenants and provisions of this Amendment by or for the benefit of Tiberius, Pubco or the Warrant Agent shall bind and
inure to the benefit of their respective successors and assigns.

 

2.2
Effectiveness. Notwithstanding anything to the contrary herein, this Amendment shall only become effective upon the consummation
of the IGI Business Combination. In the event that the Business Combination Agreement is terminated in accordance with its terms
prior to the consummation of the IGI Business Combination, this Amendment and all rights and obligations of the parties hereunder
shall automatically terminate and be of no further force or effect.

 

2.3 Applicable
Law. The validity, interpretation, and performance of this Amendment 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. Each of Tiberius and Pubco hereby agrees that any action, proceeding or claim against it or them
arising out of or relating in any way to this Amendment 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. Each of Tiberius and Pubco hereby waives any objection to such exclusive jurisdiction and that such courts
represent an inconvenient forum.

  

2.4 Counterparts.
This Amendment 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.

 

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

  

2.6 Severability.
This Amendment shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect
the validity or enforceability of this Amendment 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 Amendment a provision
as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

2.7
Miscellaneous. Except as expressly provided in this Amendment, all of the terms and provisions in the Warrant Agreement are and
shall remain in full force and effect, on the terms and subject to the conditions set forth therein. This Amendment does not constitute,
directly or by implication, an amendment or waiver of any provision of the Warrant Agreement, or any other right, remedy, power
or privilege of any party thereto, except as expressly set forth herein. Any reference to the Warrant Agreement in the Warrant
Agreement or any other agreement, document, instrument or certificate entered into or issued in connection therewith shall hereinafter
mean the Warrant Agreement, as amended by this Amendment (or as the Warrant Agreement may be further amended or modified in accordance
with the terms thereof). Except as expressly set forth in this Amendment, the terms of this Amendment shall be governed by, enforced
and construed and interpreted in a manner consistent with the provisions of the Warrant Agreement.

 

    3

     

    

 

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

 

	 	TIBERIUS ACQUISITION CORPORATION
	 	 	 	 
	 	By:
    	 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	INTERNATIONAL GENERAL INSURANCE HOLDINGS LTD.
	 	 	 	 
	 	By:
    	 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY
	 	 	 	 
	 	By:
    	 	 
	 	 	Name:	 
	 	 	Title:	 

 

[Signature
Page to Amendment to the Warrant Agreement]

 

 

4

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