Document:

Exhibit 10.1

 

May
4, 2020

 

Roth
CH Acquisition I Co.

888 San Clemente Drive, Suite 400

Newport Beach, CA 92660

 

Roth
Capital Partners, LLC

888 San Clemente Drive, Suite 400

Newport Beach, CA 92660

 

Craig-Hallum
Capital Group LLC

222 South Ninth Street, Suite 350

Minneapolis, MN 55402

 

Re:
Initial Public Offering

 

Ladies
and Gentlemen:

 

This
letter (the “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement
(the “Underwriting Agreement”) entered into by and between Roth CH Acquisition I Co., a Delaware corporation
(the “Company”) and Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC (the “Representatives”),
relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”),
each Unit comprised of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”),
and one-half of one redeemable warrant, each whole warrant exercisable for one share of Common Stock (each, a “Warrant”).
Certain capitalized terms used herein are defined in paragraph 13 hereof.

 

In
order to induce the Company and the Representatives to enter into the Underwriting Agreement and to proceed with the IPO, and
in recognition of the benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

		1.	If
                                         the Company solicits approval of its shareholders of a Business Combination, the undersigned
                                         will vote all shares beneficially owned by him or her, whether acquired before, in or
                                         after the IPO, in favor of such Business Combination.

 

		2.	In
                                         the event that the Company fails to consummate a Business Combination within the time
                                         period set forth in the Company’s amended and restated certificate of incorporation,
                                         as the same may be further amended from time to time (the “Charter”),
                                         the undersigned will, as promptly as possible, take all necessary actions to cause the
                                         Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly
                                         as reasonably possible, but not more than 10 business days thereafter, redeem the IPO
                                         Shares, at a per-share price, payable in cash, equal to the aggregate amount then on
                                         deposit in the Trust Account, including interest earned on the Trust Account not previously
                                         released to the Company (less taxes payable), divided by the number of then outstanding
                                         IPO Shares, which redemption will completely extinguish public shareholders’ rights
                                         as shareholders (including the right to receive further liquidation distributions, if
                                         any), and (iii) as promptly as reasonably possible following such redemption, subject
                                         to the approval of the Company’s remaining shareholders and the Company’s
                                         board of directors, dissolve and liquidate, subject in the cases of clauses (ii) and
                                         (iii) to the Company’s obligations under Delaware law to provide for claims of
                                         creditors and other requirements of applicable law. The undersigned hereby waives any
                                         and all right, title, interest or claim of any kind in or to any distribution of the
                                         Trust Account (“Claim”) and any remaining net assets of the
                                         Company as a result of such liquidation with respect to the Founder Shares and Private
                                         Placement Shares owned by the undersigned and hereby waives any Claim the undersigned
                                         may have in the future as a result of, or arising out of, any contracts or agreements
                                         with the Company and will not seek recourse against the Trust Account for any reason
                                         whatsoever. However, if any of the undersigned have acquired IPO Shares in or after the
                                         IPO, they will be entitled to liquidating distributions from the Trust Account with respect
                                         to such IPO Shares in the event that the Company fails to consummate a Business Combination
                                         within the time period set forth in the Charter. The undersigned acknowledges and agrees
                                         that there will be no distribution from the Trust Account with respect to any Warrants,
                                         all rights of which will terminate on the Company’s liquidation.

 

     

     

    

 

		3.	The
                                         undersigned acknowledges and agrees that prior to entering into a definitive agreement
                                         for a Business Combination with a target business that is affiliated with the undersigned
                                         or any other Insiders of the Company or their affiliates, such transaction must be approved
                                         by a majority of the Company’s disinterested independent directors and the Company
                                         must obtain an opinion from an independent investment banking firm or another independent
                                         entity that commonly renders valuation opinions that such Business Combination is fair
                                         to the Company’s shareholders from a financial point of view.

 

		4.	None
                                         of the undersigned, any member of the family of any of the undersigned, or any affiliate
                                         of the undersigned will be entitled to receive and will not accept any compensation or
                                         other cash payment prior to, or for services rendered in order to effectuate, the consummation
                                         of the Business Combination; provided that the Company shall be allowed to make the payments
                                         set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The
                                         Offering—Limited payments to insiders.”

 

		5.	In
                                         the event of the liquidation of the Trust Fund, the undersigned agrees to indemnify and
                                         hold harmless the Company against any and all loss, liability, claims, damage and expense
                                         whatsoever (including, but not limited to, any and all legal or other expenses reasonably
                                         incurred in investigating, preparing or defending against any litigation, whether pending
                                         or threatened, or any claim whatsoever) which the Company may become subject as a result
                                         of any claim by any target business or vendor or other person who is owed money by the
                                         Company for services rendered or products sold or contracted for, but only to the extent
                                         necessary to ensure that such loss, liability, claim, damage or expense does not reduce
                                         the amount of funds in the Trust Fund; provided that such indemnity shall not
                                         apply (i) if such target business, vendor or other person has executed an agreement waiving
                                         any claims against the Trust Fund or (ii) as to any claims under the Company’s
                                         obligations to indemnify the Underwriters against certain liabilities, including liabilities
                                         under the Securities Act.

 

		(a)	The
                                         undersigned agrees that the Founder Shares may not be transferred, assigned or sold (except
                                         to certain permitted transferees as described in the Registration Statement or herein)
                                         (the “Lockup”) until the earlier to occur of: (1) six (6) months
                                         after the completion of a Business Combination or (2) the date following the completion
                                         of the Company’s initial Business Combination on which the Company completes a
                                         liquidation, merger, share exchange, reorganization or other similar transaction that
                                         results in all of the Company’s shareholders having the right to exchange their
                                         shares of Common Stock for cash, securities or other property. Notwithstanding the foregoing,
                                         if the closing price of the Company’s Common Stock equals or exceeds $12.50 per
                                         share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations
                                         and the like) for any 20 trading days within any 30-trading day period commencing after
                                         the Company’s initial Business Combination, 50% of the Founder Shares will be released
                                         from the Lockup.

 

		(b)	The
                                         undersigned will not, without the prior written consent of the Representatives pursuant
                                         to the Underwriting Agreement, offer, sell, contract to sell, pledge, hedge or otherwise
                                         dispose of (or enter into any transaction that is designed to, or might reasonably be
                                         expected to, result in the disposition (whether by actual disposition or effective economic
                                         disposition due to cash settlement or otherwise) by the undersigned or any affiliate
                                         of the undersigned or any person in privity with the undersigned or any affiliate of
                                         the undersigned), directly or indirectly, including the filing (or participation in the
                                         filing) of a registration statement with the Securities and Exchange Commission in respect
                                         of, or establish or increase a put equivalent position or liquidate or decrease a call
                                         equivalent position within the meaning of Section 16 of the Securities Exchange Act of
                                         1934, as amended, and the rules and regulations of the Securities and Exchange Commission
                                         promulgated thereunder with respect to, any other Units, Common Stock or Warrants of
                                         the Company or any securities convertible into, or exercisable, or exchangeable for,
                                         shares of Common Stock or publicly announce an intention to effect any such transaction,
                                         for a period of 180 days after the date of the Underwriting Agreement.

 

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		(c)	The
                                         undersigned agrees that until the Company consummates an initial Business Combination,
                                         the undersigned’s Private Placement Units will be subject to the transfer restrictions
                                         described in the Subscription Agreement, dated as of [•], 2020, by and between the
                                         Insiders and the Company relating to the undersigned’s Private Placement Units.

 

		(d)	Notwithstanding
                                         the provisions set forth in paragraphs 5(a) and (c), transfers, assignments and sales
                                         (a “Transfer”) by the undersigned of the Founder Shares, Private
                                         Placement Units and Common Stock issued or issuable upon the exercise of the Private
                                         Placement Units or conversion of the Founder Shares are permitted if the Transfer (i)
                                         is among the insiders, to the Company’s officers, directors, advisors or employees;
                                         (ii) is to an Insider’s affiliates or its members upon liquidation; (iii) is to
                                         relatives and trusts for estate planning purposes; (iv) is by virtue of the law of descent
                                         and distribution upon death; (v) is pursuant to a qualified domestic relations order;
                                         (vi) involves a private sale made at a price no greater than the price at which the Founder
                                         Shares, Private Placement Units or Common Stock were originally purchased; or (vii) is
                                         to the Company for cancellation in connection with the consummation of the Business Combination,
                                         in each case (except for clause (vii)) where the transferee agrees to the terms of the
                                         escrow agreement and forfeiture, as the case may be, as well as the other applicable
                                         restrictions and agreements of the holders of the Founder Shares.

 

		(e)	The
                                         undersigned acknowledges and agrees that if, in order to consummate any Business Combination,
                                         the holders of Founder Shares or Private Placement Units are required to contribute back
                                         to the capital of the Company a portion of any such securities to be cancelled by the
                                         Company or transfer any such securities to third parties, the undersigned will contribute
                                         back to the capital of the Company or transfer to such third parties, at no cost, a proportionate
                                         number of Founder Shares or Private Placement Units, as applicable, pro rata with the
                                         other holders of Founder Shares or Private Placement Units, as applicable.

 

		6.	

 

		(a)	In
                                         order to minimize potential conflicts of interest that may arise from multiple corporate
                                         affiliations, the undersigned hereby agrees that until the earliest of the Company’s
                                         initial Business Combination or liquidation, the undersigned shall present to the Company
                                         for its consideration, prior to presentation to any other entity, any target business
                                         that has a fair market value of at least 80% of the assets held in the Trust Account
                                         (excluding the amount of deferred underwriting discounts held in trust and taxes payable
                                         on the interest earned on the trust account), subject to any existing or future fiduciary
                                         or contractual obligations the undersigned might have.

 

		(b)	The
                                         undersigned hereby agrees and acknowledges that (i) the Representatives and the Company
                                         would be irreparably injured in the event of a breach of the obligations under paragraph
                                         6(a) above, (ii) monetary damages may not be an adequate remedy for such breach and (iii)
                                         the non-breaching party shall be entitled to injunctive relief, in addition to any other
                                         remedy that such party may have in law or in equity, in the event of such breach.

 

		7.	The
                                         undersigned agrees to be an officer of the Company, until the earlier of the consummation
                                         by the Company of an initial Business Combination or the liquidation of the Company.
                                         The undersigned’s biographical information previously furnished to the Company
                                         and the Representative is true and accurate in all material respects, does not omit any
                                         material information with respect to the undersigned’s background and contains
                                         all of the information required to be disclosed pursuant to Item 401 of Regulation S-K,
                                         promulgated under the Securities Act of 1933, as amended. The undersigned’s FINRA
                                         Questionnaire previously furnished to the Company and the Representative is true and
                                         accurate in all material respects. The undersigned represents and warrants that:

 

		(a)	He
                                         or she is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist
                                         order or order or stipulation to desist or refrain from any act or practice relating
                                         to the offering of securities in any jurisdiction;

 

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		(b)	He
                                         or she has never been convicted of or pleaded guilty to any crime (i) involving any fraud
                                         or (ii) relating to any financial transaction or handling of funds of another person,
                                         or (iii) pertaining to any dealings in any securities and he is not currently a defendant
                                         in any such criminal proceeding; and

 

		(c)	he
                                         or she has never been suspended or expelled from membership in any securities or commodities
                                         exchange or association or had a securities or commodities license or registration denied,
                                         suspended or revoked.

 

		8.	The
                                         undersigned has full right and power, without violating any agreement by which he or
                                         she is bound, to enter into this Letter Agreement and to serve as a director or officer
                                         of the Company, as applicable.

 

		9.	The
                                         undersigned hereby waives his or her right to exercise conversion/redemption rights with
                                         respect to any of the Company’s Common Stock owned or to be owned by the undersigned,
                                         directly or indirectly, whether such shares be part of the Founder Shares or IPO Shares,
                                         and agrees that he or she will not seek conversion/redemption with respect to such shares
                                         (or sell such shares to the Company in any tender offer) in connection with any vote
                                         to approve a Business Combination or any amendment to the Charter.

 

		10.	The
                                         undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article
                                         Sixth of the Charter prior to the consummation of a Business Combination unless the Company
                                         provides public shareholders with the opportunity to convert/redeem their IPO Shares
                                         upon such approval in accordance with such Article Sixth thereof.

 

		11.	Intentionally
                                         Omitted.

 

		12.	This
                                         Letter Agreement shall be governed by and construed and enforced in accordance with 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
                                         undersigned hereby (i) agrees that any action, proceeding or claim against him arising
                                         out of or relating in any way to this Letter Agreement shall be brought and enforced
                                         in the courts of the State of New York of the United States of America for the Southern
                                         District of New York, and irrevocably submits to such jurisdiction, which jurisdiction
                                         shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that
                                         such courts represent an inconvenient forum.

 

		13.	As
                                         used herein, (i) a “Business Combination” shall mean a merger,
                                         share exchange, asset acquisition, stock purchase, recapitalization, reorganization or
                                         other similar business combination with one or more businesses or entities; (ii) “Insiders”
                                         shall mean all officers, directors and sponsors of the Company immediately prior to the
                                         IPO; (iii) “Founder Shares” shall mean the 2,156,250 shares
                                         of Common Stock of the Company acquired by Insiders prior to the IPO; (iv) “IPO
                                         Shares” shall mean the shares of Common Stock issued in the Company’s
                                         IPO; (v) “Private Placement Units” and “Private
                                         Placement Shares” shall mean the units and underlying shares of Common
                                         Stock, respectively, that are being sold privately by the Company simultaneously with
                                         the consummation of the IPO; (vi) “Trust Account” shall mean
                                         the trust account into which the net proceeds of the Company’s IPO and a portion
                                         of the proceeds from the sale of the Private Placement Units will be deposited; and (vii)
                                         “Registration Statement” means the Company’s registration
                                         statement on Form S-1 (SEC File No. 333-236852) filed with the Securities and Exchange
                                         Commission, as amended.

 

		14.	This
                                         Letter Agreement constitutes the entire agreement and understanding of the parties hereto
                                         in respect of the subject matter hereof and supersedes all prior understandings, agreements,
                                         or representations by or among the parties hereto, written or oral, to the extent they
                                         relate in any way to the subject matter hereof or the transactions contemplated hereby.
                                         This Letter Agreement may not be changed, amended, modified or waived (other than to
                                         correct a typographical error) as to any particular provision, except by a written instrument
                                         executed by all parties hereto.

 

		15.	The
                                         undersigned acknowledges and understands that the Representatives and the Company will
                                         rely upon the agreements, representations and warranties set forth herein in proceeding
                                         with the IPO. Nothing contained herein shall be deemed to render the Representatives
                                         a representative of, or a fiduciary with respect to, the Company, its shareholders or
                                         any creditor or vendor of the Company with respect to the subject matter hereof.

 

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		16.	This
                                         Letter Agreement shall be binding on the undersigned and such person’s respective
                                         successors, heirs, personal representatives and assigns. This Letter Agreement shall
                                         terminate on the earlier of (i) the consummation of a Business Combination and (ii) the
                                         liquidation of the Company; provided that such termination shall not relieve the undersigned
                                         from liability for any breach of this agreement prior to its termination. The parties
                                         hereto may not assign either this Letter Agreement or any of their rights, interests,
                                         or obligations hereunder without the prior written consent of the other party. Any purported
                                         assignment in violation of this paragraph shall be void and ineffectual and shall not
                                         operate to transfer or assign any interest or title to the purported assignee.

 

[Signature
Page Follows]

 

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	 	Sincerely,
	 	 
	 		/s/
Aaron Gurewitz

	 	 	Aaron Gurewitz

     

     

    

	 	Acknowledged
    and Agreed:
	 	Roth
    CH Acquisition I Co.
	 	By:	/s/
    Byron Roth
	 	 	Name: Byron Roth
	 	 	Title:   Chief
    Executive Officer

 

     

     

    

 

May
4, 2020

 

Roth
CH Acquisition I Co.

888 San Clemente Drive, Suite 400

Newport Beach, CA 92660

 

Roth
Capital Partners, LLC

888 San Clemente Drive, Suite 400

Newport Beach, CA 92660

 

Craig-Hallum
Capital Group LLC

222 South Ninth Street, Suite 350

Minneapolis, MN 55402

 

Re:
Initial Public Offering

 

Ladies
and Gentlemen:

 

This
letter (the “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement
(the “Underwriting Agreement”) entered into by and between Roth CH Acquisition I Co., a Delaware corporation
(the “Company”) and Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC (the “Representatives”),
relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”),
each Unit comprised of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”),
and one-half of one redeemable warrant, each whole warrant exercisable for one share of Common Stock (each, a “Warrant”).
Certain capitalized terms used herein are defined in paragraph 13 hereof.

 

In
order to induce the Company and the Representatives to enter into the Underwriting Agreement and to proceed with the IPO, and
in recognition of the benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

		1.	If
                                         the Company solicits approval of its shareholders of a Business Combination, the undersigned
                                         will vote all shares beneficially owned by him or her, whether acquired before, in or
                                         after the IPO, in favor of such Business Combination.

 

		2.	In
                                         the event that the Company fails to consummate a Business Combination within the time
                                         period set forth in the Company’s amended and restated certificate of incorporation,
                                         as the same may be further amended from time to time (the “Charter”),
                                         the undersigned will, as promptly as possible, take all necessary actions to cause the
                                         Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly
                                         as reasonably possible, but not more than 10 business days thereafter, redeem the IPO
                                         Shares, at a per-share price, payable in cash, equal to the aggregate amount then on
                                         deposit in the Trust Account, including interest earned on the Trust Account not previously
                                         released to the Company (less taxes payable), divided by the number of then outstanding
                                         IPO Shares, which redemption will completely extinguish public shareholders’ rights
                                         as shareholders (including the right to receive further liquidation distributions, if
                                         any), and (iii) as promptly as reasonably possible following such redemption, subject
                                         to the approval of the Company’s remaining shareholders and the Company’s
                                         board of directors, dissolve and liquidate, subject in the cases of clauses (ii) and
                                         (iii) to the Company’s obligations under Delaware law to provide for claims of
                                         creditors and other requirements of applicable law. The undersigned hereby waives any
                                         and all right, title, interest or claim of any kind in or to any distribution of the
                                         Trust Account (“Claim”) and any remaining net assets of the
                                         Company as a result of such liquidation with respect to the Founder Shares and Private
                                         Placement Shares owned by the undersigned and hereby waives any Claim the undersigned
                                         may have in the future as a result of, or arising out of, any contracts or agreements
                                         with the Company and will not seek recourse against the Trust Account for any reason
                                         whatsoever. However, if any of the undersigned have acquired IPO Shares in or after the
                                         IPO, they will be entitled to liquidating distributions from the Trust Account with respect
                                         to such IPO Shares in the event that the Company fails to consummate a Business Combination
                                         within the time period set forth in the Charter. The undersigned acknowledges and agrees
                                         that there will be no distribution from the Trust Account with respect to any Warrants,
                                         all rights of which will terminate on the Company’s liquidation.

 

     

     

    

 

		3.	The
                                         undersigned acknowledges and agrees that prior to entering into a definitive agreement
                                         for a Business Combination with a target business that is affiliated with the undersigned
                                         or any other Insiders of the Company or their affiliates, such transaction must be approved
                                         by a majority of the Company’s disinterested independent directors and the Company
                                         must obtain an opinion from an independent investment banking firm or another independent
                                         entity that commonly renders valuation opinions that such Business Combination is fair
                                         to the Company’s shareholders from a financial point of view.

 

		4.	None
                                         of the undersigned, any member of the family of any of the undersigned, or any affiliate
                                         of the undersigned will be entitled to receive and will not accept any compensation or
                                         other cash payment prior to, or for services rendered in order to effectuate, the consummation
                                         of the Business Combination; provided that the Company shall be allowed to make the payments
                                         set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The
                                         Offering—Limited payments to insiders.”

 

		5.	In
                                         the event of the liquidation of the Trust Fund, the undersigned agrees to indemnify and
                                         hold harmless the Company against any and all loss, liability, claims, damage and expense
                                         whatsoever (including, but not limited to, any and all legal or other expenses reasonably
                                         incurred in investigating, preparing or defending against any litigation, whether pending
                                         or threatened, or any claim whatsoever) which the Company may become subject as a result
                                         of any claim by any target business or vendor or other person who is owed money by the
                                         Company for services rendered or products sold or contracted for, but only to the extent
                                         necessary to ensure that such loss, liability, claim, damage or expense does not reduce
                                         the amount of funds in the Trust Fund; provided that such indemnity shall not
                                         apply (i) if such target business, vendor or other person has executed an agreement waiving
                                         any claims against the Trust Fund or (ii) as to any claims under the Company’s
                                         obligations to indemnify the Underwriters against certain liabilities, including liabilities
                                         under the Securities Act.

 

		(a)	The
                                         undersigned agrees that the Founder Shares may not be transferred, assigned or sold (except
                                         to certain permitted transferees as described in the Registration Statement or herein)
                                         (the “Lockup”) until the earlier to occur of: (1) six (6) months
                                         after the completion of a Business Combination or (2) the date following the completion
                                         of the Company’s initial Business Combination on which the Company completes a
                                         liquidation, merger, share exchange, reorganization or other similar transaction that
                                         results in all of the Company’s shareholders having the right to exchange their
                                         shares of Common Stock for cash, securities or other property. Notwithstanding the foregoing,
                                         if the closing price of the Company’s Common Stock equals or exceeds $12.50 per
                                         share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations
                                         and the like) for any 20 trading days within any 30-trading day period commencing after
                                         the Company’s initial Business Combination, 50% of the Founder Shares will be released
                                         from the Lockup.

 

		(b)	The
                                         undersigned will not, without the prior written consent of the Representatives pursuant
                                         to the Underwriting Agreement, offer, sell, contract to sell, pledge, hedge or otherwise
                                         dispose of (or enter into any transaction that is designed to, or might reasonably be
                                         expected to, result in the disposition (whether by actual disposition or effective economic
                                         disposition due to cash settlement or otherwise) by the undersigned or any affiliate
                                         of the undersigned or any person in privity with the undersigned or any affiliate of
                                         the undersigned), directly or indirectly, including the filing (or participation in the
                                         filing) of a registration statement with the Securities and Exchange Commission in respect
                                         of, or establish or increase a put equivalent position or liquidate or decrease a call
                                         equivalent position within the meaning of Section 16 of the Securities Exchange Act of
                                         1934, as amended, and the rules and regulations of the Securities and Exchange Commission
                                         promulgated thereunder with respect to, any other Units, Common Stock or Warrants of
                                         the Company or any securities convertible into, or exercisable, or exchangeable for,
                                         shares of Common Stock or publicly announce an intention to effect any such transaction,
                                         for a period of 180 days after the date of the Underwriting Agreement.

 

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		(c)	The
                                         undersigned agrees that until the Company consummates an initial Business Combination,
                                         the undersigned’s Private Placement Units will be subject to the transfer restrictions
                                         described in the Subscription Agreement, dated as of [•], 2020, by and between the
                                         Insiders and the Company relating to the undersigned’s Private Placement Units.

 

		(d)	Notwithstanding
                                         the provisions set forth in paragraphs 5(a) and (c), transfers, assignments and sales
                                         (a “Transfer”) by the undersigned of the Founder Shares, Private
                                         Placement Units and Common Stock issued or issuable upon the exercise of the Private
                                         Placement Units or conversion of the Founder Shares are permitted if the Transfer (i)
                                         is among the insiders, to the Company’s officers, directors, advisors or employees;
                                         (ii) is to an Insider’s affiliates or its members upon liquidation; (iii) is to
                                         relatives and trusts for estate planning purposes; (iv) is by virtue of the law of descent
                                         and distribution upon death; (v) is pursuant to a qualified domestic relations order;
                                         (vi) involves a private sale made at a price no greater than the price at which the Founder
                                         Shares, Private Placement Units or Common Stock were originally purchased; or (vii) is
                                         to the Company for cancellation in connection with the consummation of the Business Combination,
                                         in each case (except for clause (vii)) where the transferee agrees to the terms of the
                                         escrow agreement and forfeiture, as the case may be, as well as the other applicable
                                         restrictions and agreements of the holders of the Founder Shares.

 

		(e)	The
                                         undersigned acknowledges and agrees that if, in order to consummate any Business Combination,
                                         the holders of Founder Shares or Private Placement Units are required to contribute back
                                         to the capital of the Company a portion of any such securities to be cancelled by the
                                         Company or transfer any such securities to third parties, the undersigned will contribute
                                         back to the capital of the Company or transfer to such third parties, at no cost, a proportionate
                                         number of Founder Shares or Private Placement Units, as applicable, pro rata with the
                                         other holders of Founder Shares or Private Placement Units, as applicable.

 

		6.	

 

		(a)	In
                                         order to minimize potential conflicts of interest that may arise from multiple corporate
                                         affiliations, the undersigned hereby agrees that until the earliest of the Company’s
                                         initial Business Combination or liquidation, the undersigned shall present to the Company
                                         for its consideration, prior to presentation to any other entity, any target business
                                         that has a fair market value of at least 80% of the assets held in the Trust Account
                                         (excluding the amount of deferred underwriting discounts held in trust and taxes payable
                                         on the interest earned on the trust account), subject to any existing or future fiduciary
                                         or contractual obligations the undersigned might have.

 

		(b)	The
                                         undersigned hereby agrees and acknowledges that (i) the Representatives and the Company
                                         would be irreparably injured in the event of a breach of the obligations under paragraph
                                         6(a) above, (ii) monetary damages may not be an adequate remedy for such breach and (iii)
                                         the non-breaching party shall be entitled to injunctive relief, in addition to any other
                                         remedy that such party may have in law or in equity, in the event of such breach.

 

		7.	The
                                         undersigned agrees to be an officer of the Company, until the earlier of the consummation
                                         by the Company of an initial Business Combination or the liquidation of the Company.
                                         The undersigned’s biographical information previously furnished to the Company
                                         and the Representative is true and accurate in all material respects, does not omit any
                                         material information with respect to the undersigned’s background and contains
                                         all of the information required to be disclosed pursuant to Item 401 of Regulation S-K,
                                         promulgated under the Securities Act of 1933, as amended. The undersigned’s FINRA
                                         Questionnaire previously furnished to the Company and the Representative is true and
                                         accurate in all material respects. The undersigned represents and warrants that:

 

		(a)	He
                                         or she is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist
                                         order or order or stipulation to desist or refrain from any act or practice relating
                                         to the offering of securities in any jurisdiction;

 

    3 

     

    

 

		(b)	He
                                         or she has never been convicted of or pleaded guilty to any crime (i) involving any fraud
                                         or (ii) relating to any financial transaction or handling of funds of another person,
                                         or (iii) pertaining to any dealings in any securities and he is not currently a defendant
                                         in any such criminal proceeding; and

 

		(c)	he
                                         or she has never been suspended or expelled from membership in any securities or commodities
                                         exchange or association or had a securities or commodities license or registration denied,
                                         suspended or revoked.

 

		8.	The
                                         undersigned has full right and power, without violating any agreement by which he or
                                         she is bound, to enter into this Letter Agreement and to serve as a director or officer
                                         of the Company, as applicable.

 

		9.	The
                                         undersigned hereby waives his or her right to exercise conversion/redemption rights with
                                         respect to any of the Company’s Common Stock owned or to be owned by the undersigned,
                                         directly or indirectly, whether such shares be part of the Founder Shares or IPO Shares,
                                         and agrees that he or she will not seek conversion/redemption with respect to such shares
                                         (or sell such shares to the Company in any tender offer) in connection with any vote
                                         to approve a Business Combination or any amendment to the Charter.

 

		10.	The
                                         undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article
                                         Sixth of the Charter prior to the consummation of a Business Combination unless the Company
                                         provides public shareholders with the opportunity to convert/redeem their IPO Shares
                                         upon such approval in accordance with such Article Sixth thereof.

 

		11.	Intentionally
                                         Omitted.

 

		12.	This
                                         Letter Agreement shall be governed by and construed and enforced in accordance with 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
                                         undersigned hereby (i) agrees that any action, proceeding or claim against him arising
                                         out of or relating in any way to this Letter Agreement shall be brought and enforced
                                         in the courts of the State of New York of the United States of America for the Southern
                                         District of New York, and irrevocably submits to such jurisdiction, which jurisdiction
                                         shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that
                                         such courts represent an inconvenient forum.

 

		13.	As
                                         used herein, (i) a “Business Combination” shall mean a merger,
                                         share exchange, asset acquisition, stock purchase, recapitalization, reorganization or
                                         other similar business combination with one or more businesses or entities; (ii) “Insiders”
                                         shall mean all officers, directors and sponsors of the Company immediately prior to the
                                         IPO; (iii) “Founder Shares” shall mean the 2,156,250 shares
                                         of Common Stock of the Company acquired by Insiders prior to the IPO; (iv) “IPO
                                         Shares” shall mean the shares of Common Stock issued in the Company’s
                                         IPO; (v) “Private Placement Units” and “Private
                                         Placement Shares” shall mean the units and underlying shares of Common
                                         Stock, respectively, that are being sold privately by the Company simultaneously with
                                         the consummation of the IPO; (vi) “Trust Account” shall mean
                                         the trust account into which the net proceeds of the Company’s IPO and a portion
                                         of the proceeds from the sale of the Private Placement Units will be deposited; and (vii)
                                         “Registration Statement” means the Company’s registration
                                         statement on Form S-1 (SEC File No. 333-236852) filed with the Securities and Exchange
                                         Commission, as amended.

 

		14.	This
                                         Letter Agreement constitutes the entire agreement and understanding of the parties hereto
                                         in respect of the subject matter hereof and supersedes all prior understandings, agreements,
                                         or representations by or among the parties hereto, written or oral, to the extent they
                                         relate in any way to the subject matter hereof or the transactions contemplated hereby.
                                         This Letter Agreement may not be changed, amended, modified or waived (other than to
                                         correct a typographical error) as to any particular provision, except by a written instrument
                                         executed by all parties hereto.

 

		15.	The
                                         undersigned acknowledges and understands that the Representatives and the Company will
                                         rely upon the agreements, representations and warranties set forth herein in proceeding
                                         with the IPO. Nothing contained herein shall be deemed to render the Representatives
                                         a representative of, or a fiduciary with respect to, the Company, its shareholders or
                                         any creditor or vendor of the Company with respect to the subject matter hereof.

 

    4 

     

    

 

		16.	This
                                         Letter Agreement shall be binding on the undersigned and such person’s respective
                                         successors, heirs, personal representatives and assigns. This Letter Agreement shall
                                         terminate on the earlier of (i) the consummation of a Business Combination and (ii) the
                                         liquidation of the Company; provided that such termination shall not relieve the undersigned
                                         from liability for any breach of this agreement prior to its termination. The parties
                                         hereto may not assign either this Letter Agreement or any of their rights, interests,
                                         or obligations hereunder without the prior written consent of the other party. Any purported
                                         assignment in violation of this paragraph shall be void and ineffectual and shall not
                                         operate to transfer or assign any interest or title to the purported assignee.

 

[Signature
Page Follows]

 

    5 

     

    

	 	Sincerely,
	 	 
	 	 	AMG
TRUST ESTABLISHED JANUARY 23, 2007
	 	 	 
	 	By:
	

        /s/
Aaron Gurewitz

	 	 	Name:
Aaron Gurewitz

        Title:
Trustee

     

     

    

	 	Acknowledged
    and Agreed:
	 	Roth
    CH Acquisition I Co.
	 	By:	/s/
    Byron Roth
	 	 	Name: Byron Roth
	 	 	Title:   Chief
    Executive Officer

 

     

     

    

 

May 4, 2020

 

Roth CH Acquisition I Co.
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Roth Capital Partners, LLC
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Craig-Hallum Capital Group LLC
222 South Ninth Street, Suite 350
Minneapolis, MN 55402

 

Re: Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (the “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between Roth CH Acquisition I Co., a Delaware corporation (the “Company”) and Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC (the “Representatives”), relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”), each Unit comprised of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”), and one-half of one redeemable warrant, each whole warrant exercisable for one share of Common Stock (each, a “Warrant”). Certain capitalized terms used herein are defined in paragraph 13 hereof.

 

In order to induce the Company and the Representatives to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

	
1.

	
If the Company solicits approval of its shareholders of a Business Combination, the undersigned will vote all shares beneficially owned by him or her, whether acquired before, in or after the IPO, in favor of such Business Combination.

 

	
2.

	
In the event that
the Company fails to consummate a Business Combination within the time period set forth in the Company’s amended and restated
certificate of incorporation, as the same may be further amended from time to time (the “Charter”),
the undersigned will, as promptly as possible, take all necessary actions to cause the Company to (i) cease all operations except
for the purpose of winding up, (ii) as promptly as reasonably possible, but not more than 10 business days thereafter, redeem
the IPO Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including
interest earned on the Trust Account not previously released to the Company (less taxes payable), divided by the number of then
outstanding IPO Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including
the right to receive further liquidation distributions, if any), and (iii) as promptly as reasonably possible following such redemption,
subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and
liquidate, subject in the cases of clauses (ii) and (iii) to the Company’s obligations under Delaware law to provide for
claims of creditors and other requirements of applicable law. The undersigned hereby waives any and all right, title, interest
or claim of any kind in or to any distribution of the Trust Account (“Claim”) and any remaining net
assets of the Company as a result of such liquidation with respect to the Founder Shares and Private Placement Shares owned by
the undersigned and hereby waives any Claim the undersigned may have in the future as a result of, or arising out of, any contracts
or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever. However, if any
of the undersigned have acquired IPO Shares in or after the IPO, they will be entitled to liquidating distributions from the Trust
Account with respect to such IPO Shares in the event that the Company fails to consummate a Business Combination within the time
period set forth in the Charter. The undersigned acknowledges and agrees that there will be no distribution from the Trust Account
with respect to any Warrants, all rights of which will terminate on the Company’s liquidation. 

 

 

 

	
3.

	
The undersigned acknowledges and agrees that prior to entering into a definitive agreement for a Business Combination with a target business that is affiliated with the undersigned or any other Insiders of the Company or their affiliates, such transaction must be approved by a majority of the Company’s disinterested independent directors and the Company must obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions that such Business Combination is fair to the Company’s shareholders from a financial point of view.

 

	
4.

	
None of the undersigned, any member of the family of any of the undersigned, or any affiliate of the undersigned will be entitled to receive and will not accept any compensation or other cash payment prior to, or for services rendered in order to effectuate, the consummation of the Business Combination; provided that the Company shall be allowed to make the payments set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The Offering—Limited payments to insiders.”

 

	
5.

	
In the event of the liquidation of the Trust Fund, the undersigned agrees to indemnify and hold harmless the Company against any and all loss, liability, claims, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened, or any claim whatsoever) which the Company may become subject as a result of any claim by any target business or vendor or other person who is owed money by the Company for services rendered or products sold or contracted for, but only to the extent necessary to ensure that such loss, liability, claim, damage or expense does not reduce the amount of funds in the Trust Fund; provided that such indemnity shall not apply (i) if such target business, vendor or other person has executed an agreement waiving any claims against the Trust Fund or (ii) as to any claims under the Company’s obligations to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act.

 

		
(a)

	
The undersigned agrees that the Founder Shares may not be transferred, assigned or sold (except to certain permitted transferees as described in the Registration Statement or herein) (the “Lockup”) until the earlier to occur of: (1) six (6) months after the completion of a Business Combination or (2) the date following the completion of the Company’s initial Business Combination on which the Company completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the right to exchange their shares of Common Stock for cash, securities or other property. Notwithstanding the foregoing, if the closing price of the Company’s Common Stock equals or exceeds $12.50 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing after the Company’s initial Business Combination, 50% of the Founder Shares will be released from the Lockup.

 

		
(b)

	
The undersigned will not, without the prior written consent of the Representatives pursuant to the Underwriting Agreement, offer, sell, contract to sell, pledge, hedge or otherwise dispose of (or enter into any transaction that is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the undersigned or any affiliate of the undersigned or any person in privity with the undersigned or any affiliate of the undersigned), directly or indirectly, including the filing (or participation in the filing) of a registration statement with the Securities and Exchange Commission in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Securities and Exchange Commission promulgated thereunder with respect to, any other Units, Common Stock or Warrants of the Company or any securities convertible into, or exercisable, or exchangeable for, shares of Common Stock or publicly announce an intention to effect any such transaction, for a period of 180 days after the date of the Underwriting Agreement.

 

    2 

     

    
		
(c)

	
The undersigned agrees that until the Company consummates an initial Business Combination, the undersigned’s Private Placement Units will be subject to the transfer restrictions described in the Subscription Agreement, dated as of [●], 2020, by and between the Insiders and the Company relating to the undersigned’s Private Placement Units.

 

		
(d)

	
Notwithstanding the provisions set forth in paragraphs 5(a) and (c), transfers, assignments and sales (a “Transfer”) by the undersigned of the Founder Shares, Private Placement Units and Common Stock issued or issuable upon the exercise of the Private Placement Units or conversion of the Founder Shares are permitted if the Transfer (i) is among the insiders, to the Company’s officers, directors, advisors or employees; (ii) is to an Insider’s affiliates or its members upon liquidation; (iii) is to relatives and trusts for estate planning purposes; (iv) is by virtue of the law of descent and distribution upon death; (v) is pursuant to a qualified domestic relations order; (vi) involves a private sale made at a price no greater than the price at which the Founder Shares, Private Placement Units or Common Stock were originally purchased; or (vii) is to the Company for cancellation in connection with the consummation of the Business Combination, in each case (except for clause (vii)) where the transferee agrees to the terms of the escrow agreement and forfeiture, as the case may be, as well as the other applicable restrictions and agreements of the holders of the Founder Shares.

 

		
(e)

	
The undersigned acknowledges and agrees that if, in order to consummate any Business Combination, the holders of Founder Shares or Private Placement Units are required to contribute back to the capital of the Company a portion of any such securities to be cancelled by the Company or transfer any such securities to third parties, the undersigned will contribute back to the capital of the Company or transfer to such third parties, at no cost, a proportionate number of Founder Shares or Private Placement Units, as applicable, pro rata with the other holders of Founder Shares or Private Placement Units, as applicable.

 

	
6.

	
 

 

		
(a)

	
In order to minimize potential conflicts of interest that may arise from multiple corporate affiliations, the undersigned hereby agrees that until the earliest of the Company’s initial Business Combination or liquidation, the undersigned shall present to the Company for its consideration, prior to presentation to any other entity, any target business that has a fair market value of at least 80% of the assets held in the Trust Account (excluding the amount of deferred underwriting discounts held in trust and taxes payable on the interest earned on the trust account), subject to any existing or future fiduciary or contractual obligations the undersigned might have.

 

		
(b)

	
The undersigned hereby agrees and acknowledges that (i) the Representatives and the Company would be irreparably injured in the event of a breach of the obligations under paragraph 6(a) above, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of such breach.

 

	
7.

	
The undersigned agrees to be a director and officer of the Company, as applicable, until the earlier of the consummation by the Company of an initial Business Combination or the liquidation of the Company. The undersigned’s biographical information previously furnished to the Company and the Representative is true and accurate in all material respects, does not omit any material information with respect to the undersigned’s background and contains all of the information required to be disclosed pursuant to Item 401 of Regulation S-K, promulgated under the Securities Act of 1933, as amended. The undersigned’s FINRA Questionnaire previously furnished to the Company and the Representative is true and accurate in all material respects. The undersigned represents and warrants that:

 

		
(a)

	
He or she is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction;

    3 

     

    
 

		
(b)

	
He or she has never been convicted of or pleaded guilty to any crime (i) involving any fraud or (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and he is not currently a defendant in any such criminal proceeding; and

 

		
(c)

	
he or she has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended or revoked.

 

	
8.

	
The undersigned has full right and power, without violating any agreement by which he or she is bound, to enter into this Letter Agreement and to serve as a director or officer of the Company, as applicable.

 

	
9.

	
The undersigned hereby waives his or her right to exercise conversion/redemption rights with respect to any of the Company’s Common Stock owned or to be owned by the undersigned, directly or indirectly, whether such shares be part of the Founder Shares or IPO Shares, and agrees that he or she will not seek conversion/redemption with respect to such shares (or sell such shares to the Company in any tender offer) in connection with any vote to approve a Business Combination or any amendment to the Charter.

 

	
10.

	
The undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article Sixth of the Charter prior to the consummation of a Business Combination unless the Company provides public shareholders with the opportunity to convert/redeem their IPO Shares upon such approval in accordance with such Article Sixth thereof.

 

	
11.

	
Intentionally Omitted.

 

	
12.

	
This Letter Agreement shall be governed by and construed and enforced in accordance with 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 undersigned hereby (i) agrees that any action, proceeding or claim against him arising out of or relating in any way to this Letter Agreement shall be brought and enforced in the courts of the State of New York of the United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.

 

	
13.

	
As used herein, (i) a “Business Combination“ shall mean a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities; (ii) “Insiders” shall mean all officers, directors and sponsors of the Company immediately prior to the IPO; (iii) “Founder Shares” shall mean the 2,156,250 shares of Common Stock of the Company acquired by Insiders prior to the IPO; (iv) “IPO Shares” shall mean the shares of Common Stock issued in the Company’s IPO; (v) “Private Placement Units” and “Private Placement Shares” shall mean the units and underlying shares of Common Stock, respectively, that are being sold privately by the Company simultaneously with the consummation of the IPO; (vi) “Trust Account” shall mean the trust account into which the net proceeds of the Company’s IPO and a portion of the proceeds from the sale of the Private Placement Units will be deposited; and (vii) “Registration Statement” means the Company’s registration statement on Form S-1 (SEC File No. 333-236852) filed with the Securities and Exchange Commission, as amended.

 

	
14.

	
This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed by all parties hereto.

 

	
15.

	
The undersigned acknowledges and understands that the Representatives and the Company will rely upon the agreements, representations and warranties set forth herein in proceeding with the IPO. Nothing contained herein shall be deemed to render the Representatives a representative of, or a fiduciary with respect to, the Company, its shareholders or any creditor or vendor of the Company with respect to the subject matter hereof.

 

    4 

     

    

 

	
16.

	
This Letter Agreement shall be binding on the undersigned and such person’s respective successors, heirs, personal representatives and assigns. This Letter Agreement shall terminate on the earlier of (i) the consummation of a Business Combination and (ii) the liquidation of the Company; provided that such termination shall not relieve the undersigned from liability for any breach of this agreement prior to its termination. The parties hereto may not assign either this Letter Agreement or any of their rights, interests, or obligations hereunder without the prior written consent of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee.

 

[Signature Page Follows]

 

    5 

     

    
	
 

	
Sincerely,

	
 

	
 

	
 

	
 

	
/s/ Byron Roth

	
 

	
 

	
Byron Roth

 

 

 

 

 

May 4, 2020

 

Roth CH Acquisition I Co.
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Roth Capital Partners, LLC
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Craig-Hallum Capital Group LLC
222 South Ninth Street, Suite 350
Minneapolis, MN 55402

 

Re: Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (the “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between Roth CH Acquisition I Co., a Delaware corporation (the “Company”) and Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC (the “Representatives”), relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”), each Unit comprised of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”), and one-half of one redeemable warrant, each whole warrant exercisable for one share of Common Stock (each, a “Warrant”). Certain capitalized terms used herein are defined in paragraph 13 hereof.

 

In order to induce the Company and the Representatives to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

	
1.

	
If the Company solicits approval of its shareholders of a Business Combination, the undersigned will vote all shares beneficially owned by him or her, whether acquired before, in or after the IPO, in favor of such Business Combination.

 

	
2.

	
In the event that the Company fails to consummate a Business Combination within the time period set forth in the Company’s amended and restated certificate of incorporation, as the same may be further amended from time to time (the “Charter”), the undersigned will, as promptly as possible, take all necessary actions to cause the Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible, but not more than 10 business days thereafter, redeem the IPO Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the Trust Account not previously released to the Company (less taxes payable), divided by the number of then outstanding IPO Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and liquidate, subject in the cases of clauses (ii) and (iii) to the Company’s obligations under Delaware law to provide for claims of creditors and other requirements of applicable law. The undersigned hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Account (“Claim”) and any remaining net assets of the Company as a result of such liquidation with respect to the Founder Shares and Private Placement Shares owned by the undersigned and hereby waives any Claim the undersigned may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever. However, if any of the undersigned have acquired IPO Shares in or after the IPO, they will be entitled to liquidating distributions from the Trust Account with respect to such IPO Shares in the event that the Company fails to consummate a Business Combination within the time period set forth in the Charter. The undersigned acknowledges and agrees that there will be no distribution from the Trust Account with respect to any Warrants, all rights of which will terminate on the Company’s liquidation.

 

 

 

	
3.

	
The undersigned acknowledges and agrees that prior to entering into a definitive agreement for a Business Combination with a target business that is affiliated with the undersigned or any other Insiders of the Company or their affiliates, such transaction must be approved by a majority of the Company’s disinterested independent directors and the Company must obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions that such Business Combination is fair to the Company’s shareholders from a financial point of view.

 

	
4.

	
None of the undersigned, any member of the family of any of the undersigned, or any affiliate of the undersigned will be entitled to receive and will not accept any compensation or other cash payment prior to, or for services rendered in order to effectuate, the consummation of the Business Combination; provided that the Company shall be allowed to make the payments set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The Offering—Limited payments to insiders.”

 

	
5.

	
In the event of the liquidation of the Trust Fund, the undersigned agrees to indemnify and hold harmless the Company against any and all loss, liability, claims, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened, or any claim whatsoever) which the Company may become subject as a result of any claim by any target business or vendor or other person who is owed money by the Company for services rendered or products sold or contracted for, but only to the extent necessary to ensure that such loss, liability, claim, damage or expense does not reduce the amount of funds in the Trust Fund; provided that such indemnity shall not apply (i) if such target business, vendor or other person has executed an agreement waiving any claims against the Trust Fund or (ii) as to any claims under the Company’s obligations to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act.

 

		
(a)

	
The undersigned agrees that the Founder Shares may not be transferred, assigned or sold (except to certain permitted transferees as described in the Registration Statement or herein) (the “Lockup”) until the earlier to occur of: (1) six (6) months after the completion of a Business Combination or (2) the date following the completion of the Company’s initial Business Combination on which the Company completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the right to exchange their shares of Common Stock for cash, securities or other property. Notwithstanding the foregoing, if the closing price of the Company’s Common Stock equals or exceeds $12.50 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing after the Company’s initial Business Combination, 50% of the Founder Shares will be released from the Lockup.

 

		
(b)

	
The undersigned will not, without the prior written consent of the Representatives pursuant to the Underwriting Agreement, offer, sell, contract to sell, pledge, hedge or otherwise dispose of (or enter into any transaction that is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the undersigned or any affiliate of the undersigned or any person in privity with the undersigned or any affiliate of the undersigned), directly or indirectly, including the filing (or participation in the filing) of a registration statement with the Securities and Exchange Commission in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Securities and Exchange Commission promulgated thereunder with respect to, any other Units, Common Stock or Warrants of the Company or any securities convertible into, or exercisable, or exchangeable for, shares of Common Stock or publicly announce an intention to effect any such transaction, for a period of 180 days after the date of the Underwriting Agreement.

 

    2 

     

    
		
(c)

	
The undersigned agrees that until the Company consummates an initial Business Combination, the undersigned’s Private Placement Units will be subject to the transfer restrictions described in the Subscription Agreement, dated as of [●], 2020, by and between the Insiders and the Company relating to the undersigned’s Private Placement Units.

 

		
(d)

	
Notwithstanding the provisions set forth in paragraphs 5(a) and (c), transfers, assignments and sales (a “Transfer”) by the undersigned of the Founder Shares, Private Placement Units and Common Stock issued or issuable upon the exercise of the Private Placement Units or conversion of the Founder Shares are permitted if the Transfer (i) is among the insiders, to the Company’s officers, directors, advisors or employees; (ii) is to an Insider’s affiliates or its members upon liquidation; (iii) is to relatives and trusts for estate planning purposes; (iv) is by virtue of the law of descent and distribution upon death; (v) is pursuant to a qualified domestic relations order; (vi) involves a private sale made at a price no greater than the price at which the Founder Shares, Private Placement Units or Common Stock were originally purchased; or (vii) is to the Company for cancellation in connection with the consummation of the Business Combination, in each case (except for clause (vii)) where the transferee agrees to the terms of the escrow agreement and forfeiture, as the case may be, as well as the other applicable restrictions and agreements of the holders of the Founder Shares.

 

		
(e)

	
The undersigned acknowledges and agrees that if, in order to consummate any Business Combination, the holders of Founder Shares or Private Placement Units are required to contribute back to the capital of the Company a portion of any such securities to be cancelled by the Company or transfer any such securities to third parties, the undersigned will contribute back to the capital of the Company or transfer to such third parties, at no cost, a proportionate number of Founder Shares or Private Placement Units, as applicable, pro rata with the other holders of Founder Shares or Private Placement Units, as applicable.

 

	
6.

	
 

 

		
(a)

	
In order to minimize potential conflicts of interest that may arise from multiple corporate affiliations, the undersigned hereby agrees that until the earliest of the Company’s initial Business Combination or liquidation, the undersigned shall present to the Company for its consideration, prior to presentation to any other entity, any target business that has a fair market value of at least 80% of the assets held in the Trust Account (excluding the amount of deferred underwriting discounts held in trust and taxes payable on the interest earned on the trust account), subject to any existing or future fiduciary or contractual obligations the undersigned might have.

 

		
(b)

	
The undersigned hereby agrees and acknowledges that (i) the Representatives and the Company would be irreparably injured in the event of a breach of the obligations under paragraph 6(a) above, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of such breach.

 

	
7.

	
The undersigned represents and warrants that:

 

		
(a)

	
He or she is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction;

 

		
(b)

	
He or she has never been convicted of or pleaded guilty to any crime (i) involving any fraud or (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and he is not currently a defendant in any such criminal proceeding; and

 

    3 

     

    
		
(c)

	
he or she has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended or revoked.

 

	
8.

	
The undersigned has full right and power, without violating any agreement by which he or she is bound, to enter into this Letter Agreement and to serve as a director or officer of the Company, as applicable.

 

	
9.

	
The undersigned hereby waives his or her right to exercise conversion/redemption rights with respect to any of the Company’s Common Stock owned or to be owned by the undersigned, directly or indirectly, whether such shares be part of the Founder Shares or IPO Shares, and agrees that he or she will not seek conversion/redemption with respect to such shares (or sell such shares to the Company in any tender offer) in connection with any vote to approve a Business Combination or any amendment to the Charter.

 

	
10.

	
The undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article Sixth of the Charter prior to the consummation of a Business Combination unless the Company provides public shareholders with the opportunity to convert/redeem their IPO Shares upon such approval in accordance with such Article Sixth thereof.

 

	
11.

	
Intentionally Omitted.

 

	
12.

	
This Letter Agreement shall be governed by and construed and enforced in accordance with 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 undersigned hereby (i) agrees that any action, proceeding or claim against him arising out of or relating in any way to this Letter Agreement shall be brought and enforced in the courts of the State of New York of the United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.

 

	
13.

	
As used herein, (i) a “Business Combination“ shall mean a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities; (ii) “Insiders” shall mean all officers, directors and sponsors of the Company immediately prior to the IPO; (iii) “Founder Shares” shall mean the 2,156,250 shares of Common Stock of the Company acquired by Insiders prior to the IPO; (iv) “IPO Shares” shall mean the shares of Common Stock issued in the Company’s IPO; (v) “Private Placement Units” and “Private Placement Shares” shall mean the units and underlying shares of Common Stock, respectively, that are being sold privately by the Company simultaneously with the consummation of the IPO; (vi) “Trust Account” shall mean the trust account into which the net proceeds of the Company’s IPO and a portion of the proceeds from the sale of the Private Placement Units will be deposited; and (vii) “Registration Statement” means the Company’s registration statement on Form S-1 (SEC File No. 333-236852) filed with the Securities and Exchange Commission, as amended.

 

	
14.

	
This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed by all parties hereto.

 

	
15.

	
The undersigned acknowledges and understands that the Representatives and the Company will rely upon the agreements, representations and warranties set forth herein in proceeding with the IPO. Nothing contained herein shall be deemed to render the Representatives a representative of, or a fiduciary with respect to, the Company, its shareholders or any creditor or vendor of the Company with respect to the subject matter hereof.

 

    4 

     

    
	
16.

	
This Letter Agreement shall be binding on the undersigned and such person’s respective successors, heirs, personal representatives and assigns. This Letter Agreement shall terminate on the earlier of (i) the consummation of a Business Combination and (ii) the liquidation of the Company; provided that such termination shall not relieve the undersigned from liability for any breach of this agreement prior to its termination. The parties hereto may not assign either this Letter Agreement or any of their rights, interests, or obligations hereunder without the prior written consent of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee.

 

[Signature Page Follows]

 

    5 

     

    
	
 

	
Sincerely,

	 	 
	
 

	
 

	
/s/ Brad Baker

	
 

	
 

	
Brad Baker

vi

 

 

	
 

	
Acknowledged and Agreed:

	
 

	
Roth CH Acquisition I Co.

	
 

	
By:

	
/s/ Byron Roth

	
 

	
 

	
Name: Byron Roth

	
 

	
 

	
Title:   Chief Executive Officer

 

 

 

 

May 4, 2020

 

Roth CH Acquisition I Co.
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Roth Capital Partners, LLC
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Craig-Hallum Capital Group LLC
222 South Ninth Street, Suite 350
Minneapolis, MN 55402

 

Re: Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (the “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between Roth CH Acquisition I Co., a Delaware corporation (the “Company”) and Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC (the “Representatives”), relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”), each Unit comprised of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”), and one-half of one redeemable warrant, each whole warrant exercisable for one share of Common Stock (each, a “Warrant”). Certain capitalized terms used herein are defined in paragraph 13 hereof.

 

In order to induce the Company and the Representatives to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

	
1.

	
If the Company solicits approval of its shareholders of a Business Combination, the undersigned will vote all shares beneficially owned by him or her, whether acquired before, in or after the IPO, in favor of such Business Combination.

 

	
2.

	
In the event that the Company fails to consummate a Business Combination within the time period set forth in the Company’s amended and restated certificate of incorporation, as the same may be further amended from time to time (the “Charter”), the undersigned will, as promptly as possible, take all necessary actions to cause the Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible, but not more than 10 business days thereafter, redeem the IPO Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the Trust Account not previously released to the Company (less taxes payable), divided by the number of then outstanding IPO Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and liquidate, subject in the cases of clauses (ii) and (iii) to the Company’s obligations under Delaware law to provide for claims of creditors and other requirements of applicable law. The undersigned hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Account (“Claim”) and any remaining net assets of the Company as a result of such liquidation with respect to the Founder Shares and Private Placement Shares owned by the undersigned and hereby waives any Claim the undersigned may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever. However, if any of the undersigned have acquired IPO Shares in or after the IPO, they will be entitled to liquidating distributions from the Trust Account with respect to such IPO Shares in the event that the Company fails to consummate a Business Combination within the time period set forth in the Charter. The undersigned acknowledges and agrees that there will be no distribution from the Trust Account with respect to any Warrants, all rights of which will terminate on the Company’s liquidation.

 

 

 

	
3.

	
The undersigned acknowledges and agrees that prior to entering into a definitive agreement for a Business Combination with a target business that is affiliated with the undersigned or any other Insiders of the Company or their affiliates, such transaction must be approved by a majority of the Company’s disinterested independent directors and the Company must obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions that such Business Combination is fair to the Company’s shareholders from a financial point of view.

 

	
4.

	
None of the undersigned, any member of the family of any of the undersigned, or any affiliate of the undersigned will be entitled to receive and will not accept any compensation or other cash payment prior to, or for services rendered in order to effectuate, the consummation of the Business Combination; provided that the Company shall be allowed to make the payments set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The Offering—Limited payments to insiders.”

 

	
5.

	
In the event of the liquidation of the Trust Fund, the undersigned agrees to indemnify and hold harmless the Company against any and all loss, liability, claims, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened, or any claim whatsoever) which the Company may become subject as a result of any claim by any target business or vendor or other person who is owed money by the Company for services rendered or products sold or contracted for, but only to the extent necessary to ensure that such loss, liability, claim, damage or expense does not reduce the amount of funds in the Trust Fund; provided that such indemnity shall not apply (i) if such target business, vendor or other person has executed an agreement waiving any claims against the Trust Fund or (ii) as to any claims under the Company’s obligations to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act.

 

		
(a)

	
The undersigned agrees that the Founder Shares may not be transferred, assigned or sold (except to certain permitted transferees as described in the Registration Statement or herein) (the “Lockup”) until the earlier to occur of: (1) six (6) months after the completion of a Business Combination or (2) the date following the completion of the Company’s initial Business Combination on which the Company completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the right to exchange their shares of Common Stock for cash, securities or other property. Notwithstanding the foregoing, if the closing price of the Company’s Common Stock equals or exceeds $12.50 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing after the Company’s initial Business Combination, 50% of the Founder Shares will be released from the Lockup.

 

		
(b)

	
The undersigned will not, without the prior written consent of the Representatives pursuant to the Underwriting Agreement, offer, sell, contract to sell, pledge, hedge or otherwise dispose of (or enter into any transaction that is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the undersigned or any affiliate of the undersigned or any person in privity with the undersigned or any affiliate of the undersigned), directly or indirectly, including the filing (or participation in the filing) of a registration statement with the Securities and Exchange Commission in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Securities and Exchange Commission promulgated thereunder with respect to, any other Units, Common Stock or Warrants of the Company or any securities convertible into, or exercisable, or exchangeable for, shares of Common Stock or publicly announce an intention to effect any such transaction, for a period of 180 days after the date of the Underwriting Agreement.

 

    2 

     

    
		
(c)

	
The undersigned agrees that until the Company consummates an initial Business Combination, the undersigned’s Private Placement Units will be subject to the transfer restrictions described in the Subscription Agreement, dated as of [●], 2020, by and between the Insiders and the Company relating to the undersigned’s Private Placement Units.

 

		
(d)

	
Notwithstanding the provisions set forth in paragraphs 5(a) and (c), transfers, assignments and sales (a “Transfer”) by the undersigned of the Founder Shares, Private Placement Units and Common Stock issued or issuable upon the exercise of the Private Placement Units or conversion of the Founder Shares are permitted if the Transfer (i) is among the insiders, to the Company’s officers, directors, advisors or employees; (ii) is to an Insider’s affiliates or its members upon liquidation; (iii) is to relatives and trusts for estate planning purposes; (iv) is by virtue of the law of descent and distribution upon death; (v) is pursuant to a qualified domestic relations order; (vi) involves a private sale made at a price no greater than the price at which the Founder Shares, Private Placement Units or Common Stock were originally purchased; or (vii) is to the Company for cancellation in connection with the consummation of the Business Combination, in each case (except for clause (vii)) where the transferee agrees to the terms of the escrow agreement and forfeiture, as the case may be, as well as the other applicable restrictions and agreements of the holders of the Founder Shares.

 

		
(e)

	
The undersigned acknowledges and agrees that if, in order to consummate any Business Combination, the holders of Founder Shares or Private Placement Units are required to contribute back to the capital of the Company a portion of any such securities to be cancelled by the Company or transfer any such securities to third parties, the undersigned will contribute back to the capital of the Company or transfer to such third parties, at no cost, a proportionate number of Founder Shares or Private Placement Units, as applicable, pro rata with the other holders of Founder Shares or Private Placement Units, as applicable.

 

	
6.

	
 

 

		
(a)

	
In order to minimize potential conflicts of interest that may arise from multiple corporate affiliations, the undersigned hereby agrees that until the earliest of the Company’s initial Business Combination or liquidation, the undersigned shall present to the Company for its consideration, prior to presentation to any other entity, any target business that has a fair market value of at least 80% of the assets held in the Trust Account (excluding the amount of deferred underwriting discounts held in trust and taxes payable on the interest earned on the trust account), subject to any existing or future fiduciary or contractual obligations the undersigned might have.

 

		
(b)

	
The undersigned hereby agrees and acknowledges that (i) the Representatives and the Company would be irreparably injured in the event of a breach of the obligations under paragraph 6(a) above, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of such breach.

 

	
7.

	
The undersigned represents and warrants that:

 

		
(a)

	
He or she or it is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction;

 

		
(b)

	
He or she or it has never been convicted of or pleaded guilty to any crime (i) involving any fraud or (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and he is not currently a defendant in any such criminal proceeding; and

 

    3 

     

    
		
(c)

	
he or she or it has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended or revoked.

 

	
8.

	
The undersigned has full right and power, without violating any agreement by which he or she is bound, to enter into this Letter Agreement and to serve as a director or officer of the Company, as applicable.

 

	
9.

	
The undersigned hereby waives his or her right to exercise conversion/redemption rights with respect to any of the Company’s Common Stock owned or to be owned by the undersigned, directly or indirectly, whether such shares be part of the Founder Shares or IPO Shares, and agrees that he or she will not seek conversion/redemption with respect to such shares (or sell such shares to the Company in any tender offer) in connection with any vote to approve a Business Combination or any amendment to the Charter.

 

	
10.

	
The undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article Sixth of the Charter prior to the consummation of a Business Combination unless the Company provides public shareholders with the opportunity to convert/redeem their IPO Shares upon such approval in accordance with such Article Sixth thereof.

 

	
11.

	
Intentionally Omitted.

 

	
12.

	
This Letter Agreement shall be governed by and construed and enforced in accordance with 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 undersigned hereby (i) agrees that any action, proceeding or claim against him arising out of or relating in any way to this Letter Agreement shall be brought and enforced in the courts of the State of New York of the United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.

 

	
13.

	
As used herein, (i) a “Business Combination“ shall mean a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities; (ii) “Insiders” shall mean all officers, directors and sponsors of the Company immediately prior to the IPO; (iii) “Founder Shares” shall mean the 2,156,250 shares of Common Stock of the Company acquired by Insiders prior to the IPO; (iv) “IPO Shares” shall mean the shares of Common Stock issued in the Company’s IPO; (v) “Private Placement Units” and “Private Placement Shares” shall mean the units and underlying shares of Common Stock, respectively, that are being sold privately by the Company simultaneously with the consummation of the IPO; (vi) “Trust Account” shall mean the trust account into which the net proceeds of the Company’s IPO and a portion of the proceeds from the sale of the Private Placement Units will be deposited; and (vii) “Registration Statement” means the Company’s registration statement on Form S-1 (SEC File No. 333-236852) filed with the Securities and Exchange Commission, as amended.

 

	
14.

	
This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed by all parties hereto.

 

	
15.

	
The undersigned acknowledges and understands that the Representatives and the Company will rely upon the agreements, representations and warranties set forth herein in proceeding with the IPO. Nothing contained herein shall be deemed to render the Representatives a representative of, or a fiduciary with respect to, the Company, its shareholders or any creditor or vendor of the Company with respect to the subject matter hereof.

 

    4 

     

    
	
16.

	
This Letter Agreement shall be binding on the undersigned and such person’s respective successors, heirs, personal representatives and assigns. This Letter Agreement shall terminate on the earlier of (i) the consummation of a Business Combination and (ii) the liquidation of the Company; provided that such termination shall not relieve the undersigned from liability for any breach of this agreement prior to its termination. The parties hereto may not assign either this Letter Agreement or any of their rights, interests, or obligations hereunder without the prior written consent of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee.

 

[Signature Page Follows]

 

    5 

     

    
	
 

	
Sincerely,

	
 

	
 

	
Craig- Hallum Capital Group LLC

	
 

	
 

	
 

	
 

	
By:

	
/s/ Rick Hartfiel

	
 

	
 

	
Name: Rick Hartfiel

	
 

	
 

	
Title:   Member

	 	 	 

 

 

 

	
 

	
Acknowledged and Agreed:

	
 

	
Roth CH Acquisition I Co.

	
 

	
By:

	
/s/ Byron Roth

	
 

	
 

	
Name: Byron Roth

	
 

	
 

	
Title:   Chief Executive Officer

 

 

 

 

May 4, 2020

 

Roth CH Acquisition I Co.
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Roth Capital Partners, LLC
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Craig-Hallum Capital Group LLC
222 South Ninth Street, Suite 350
Minneapolis, MN 55402

 

Re: Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (the “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between Roth CH Acquisition I Co., a Delaware corporation (the “Company”) and Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC (the “Representatives”), relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”), each Unit comprised of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”), and one-half of one redeemable warrant, each whole warrant exercisable for one share of Common Stock (each, a “Warrant”). Certain capitalized terms used herein are defined in paragraph 13 hereof.

 

In order to induce the Company and the Representatives to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

	
1.

	
If the Company solicits approval of its shareholders of a Business Combination, the undersigned will vote all shares beneficially owned by him or her, whether acquired before, in or after the IPO, in favor of such Business Combination.

 

	
2.

	
In the event that the Company fails to consummate a Business Combination within the time period set forth in the Company’s amended and restated certificate of incorporation, as the same may be further amended from time to time (the “Charter”), the undersigned will, as promptly as possible, take all necessary actions to cause the Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible, but not more than 10 business days thereafter, redeem the IPO Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the Trust Account not previously released to the Company (less taxes payable), divided by the number of then outstanding IPO Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and liquidate, subject in the cases of clauses (ii) and (iii) to the Company’s obligations under Delaware law to provide for claims of creditors and other requirements of applicable law. The undersigned hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Account (“Claim”) and any remaining net assets of the Company as a result of such liquidation with respect to the Founder Shares and Private Placement Shares owned by the undersigned and hereby waives any Claim the undersigned may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever. However, if any of the undersigned have acquired IPO Shares in or after the IPO, they will be entitled to liquidating distributions from the Trust Account with respect to such IPO Shares in the event that the Company fails to consummate a Business Combination within the time period set forth in the Charter. The undersigned acknowledges and agrees that there will be no distribution from the Trust Account with respect to any Warrants, all rights of which will terminate on the Company’s liquidation.

 

 

 

	
3.

	
The undersigned acknowledges and agrees that prior to entering into a definitive agreement for a Business Combination with a target business that is affiliated with the undersigned or any other Insiders of the Company or their affiliates, such transaction must be approved by a majority of the Company’s disinterested independent directors and the Company must obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions that such Business Combination is fair to the Company’s shareholders from a financial point of view.

 

	
4.

	
None of the undersigned, any member of the family of any of the undersigned, or any affiliate of the undersigned will be entitled to receive and will not accept any compensation or other cash payment prior to, or for services rendered in order to effectuate, the consummation of the Business Combination; provided that the Company shall be allowed to make the payments set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The Offering—Limited payments to insiders.”

 

	
5.

	
In the event of the liquidation of the Trust Fund, the undersigned agrees to indemnify and hold harmless the Company against any and all loss, liability, claims, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened, or any claim whatsoever) which the Company may become subject as a result of any claim by any target business or vendor or other person who is owed money by the Company for services rendered or products sold or contracted for, but only to the extent necessary to ensure that such loss, liability, claim, damage or expense does not reduce the amount of funds in the Trust Fund; provided that such indemnity shall not apply (i) if such target business, vendor or other person has executed an agreement waiving any claims against the Trust Fund or (ii) as to any claims under the Company’s obligations to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act.

 

		
(a)

	
The undersigned agrees that the Founder Shares may not be transferred, assigned or sold (except to certain permitted transferees as described in the Registration Statement or herein) (the “Lockup”) until the earlier to occur of: (1) six (6) months after the completion of a Business Combination or (2) the date following the completion of the Company’s initial Business Combination on which the Company completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the right to exchange their shares of Common Stock for cash, securities or other property. Notwithstanding the foregoing, if the closing price of the Company’s Common Stock equals or exceeds $12.50 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing after the Company’s initial Business Combination, 50% of the Founder Shares will be released from the Lockup.

 

		
(b)

	
The undersigned will not, without the prior written consent of the Representatives pursuant to the Underwriting Agreement, offer, sell, contract to sell, pledge, hedge or otherwise dispose of (or enter into any transaction that is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the undersigned or any affiliate of the undersigned or any person in privity with the undersigned or any affiliate of the undersigned), directly or indirectly, including the filing (or participation in the filing) of a registration statement with the Securities and Exchange Commission in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Securities and Exchange Commission promulgated thereunder with respect to, any other Units, Common Stock or Warrants of the Company or any securities convertible into, or exercisable, or exchangeable for, shares of Common Stock or publicly announce an intention to effect any such transaction, for a period of 180 days after the date of the Underwriting Agreement.

 

    2 

     

    
		
(c)

	
The undersigned agrees that until the Company consummates an initial Business Combination, the undersigned’s Private Placement Units will be subject to the transfer restrictions described in the Subscription Agreement, dated as of [●], 2020, by and between the Insiders and the Company relating to the undersigned’s Private Placement Units.

 

		
(d)

	
Notwithstanding the provisions set forth in paragraphs 5(a) and (c), transfers, assignments and sales (a “Transfer”) by the undersigned of the Founder Shares, Private Placement Units and Common Stock issued or issuable upon the exercise of the Private Placement Units or conversion of the Founder Shares are permitted if the Transfer (i) is among the insiders, to the Company’s officers, directors, advisors or employees; (ii) is to an Insider’s affiliates or its members upon liquidation; (iii) is to relatives and trusts for estate planning purposes; (iv) is by virtue of the law of descent and distribution upon death; (v) is pursuant to a qualified domestic relations order; (vi) involves a private sale made at a price no greater than the price at which the Founder Shares, Private Placement Units or Common Stock were originally purchased; or (vii) is to the Company for cancellation in connection with the consummation of the Business Combination, in each case (except for clause (vii)) where the transferee agrees to the terms of the escrow agreement and forfeiture, as the case may be, as well as the other applicable restrictions and agreements of the holders of the Founder Shares.

 

		
(e)

	
The undersigned acknowledges and agrees that if, in order to consummate any Business Combination, the holders of Founder Shares or Private Placement Units are required to contribute back to the capital of the Company a portion of any such securities to be cancelled by the Company or transfer any such securities to third parties, the undersigned will contribute back to the capital of the Company or transfer to such third parties, at no cost, a proportionate number of Founder Shares or Private Placement Units, as applicable, pro rata with the other holders of Founder Shares or Private Placement Units, as applicable.

 

	
6.

	
 

 

		
(a)

	
In order to minimize potential conflicts of interest that may arise from multiple corporate affiliations, the undersigned hereby agrees that until the earliest of the Company’s initial Business Combination or liquidation, the undersigned shall present to the Company for its consideration, prior to presentation to any other entity, any target business that has a fair market value of at least 80% of the assets held in the Trust Account (excluding the amount of deferred underwriting discounts held in trust and taxes payable on the interest earned on the trust account), subject to any existing or future fiduciary or contractual obligations the undersigned might have.

 

		
(b)

	
The undersigned hereby agrees and acknowledges that (i) the Representatives and the Company would be irreparably injured in the event of a breach of the obligations under paragraph 6(a) above, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of such breach.

 

	
7.

	
The undersigned agrees to be a director of the Company, until the earlier of the consummation by the Company of an initial Business Combination or the liquidation of the Company. The undersigned’s biographical information previously furnished to the Company and the Representative is true and accurate in all material respects, does not omit any material information with respect to the undersigned’s background and contains all of the information required to be disclosed pursuant to Item 401 of Regulation S-K, promulgated under the Securities Act of 1933, as amended. The undersigned’s FINRA Questionnaire previously furnished to the Company and the Representative is true and accurate in all material respects. The undersigned represents and warrants that:

 

		
(a)

	
He or she is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction;

 

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(b)

	
He or she has never been convicted of or pleaded guilty to any crime (i) involving any fraud or (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and he is not currently a defendant in any such criminal proceeding; and

 

		
(c)

	
he or she has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended or revoked.

 

	
8.

	
The undersigned has full right and power, without violating any agreement by which he or she is bound, to enter into this Letter Agreement and to serve as a director or officer of the Company, as applicable.

 

	
9.

	
The undersigned hereby waives his or her right to exercise conversion/redemption rights with respect to any of the Company’s Common Stock owned or to be owned by the undersigned, directly or indirectly, whether such shares be part of the Founder Shares or IPO Shares, and agrees that he or she will not seek conversion/redemption with respect to such shares (or sell such shares to the Company in any tender offer) in connection with any vote to approve a Business Combination or any amendment to the Charter.

 

	
10.

	
The undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article Sixth of the Charter prior to the consummation of a Business Combination unless the Company provides public shareholders with the opportunity to convert/redeem their IPO Shares upon such approval in accordance with such Article Sixth thereof.

 

	
11.

	
Intentionally Omitted.

 

	
12.

	
This Letter Agreement shall be governed by and construed and enforced in accordance with 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 undersigned hereby (i) agrees that any action, proceeding or claim against him arising out of or relating in any way to this Letter Agreement shall be brought and enforced in the courts of the State of New York of the United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.

 

	
13.

	
As used herein, (i) a “Business Combination“ shall mean a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities; (ii) “Insiders” shall mean all officers, directors and sponsors of the Company immediately prior to the IPO; (iii) “Founder Shares” shall mean the 2,156,250 shares of Common Stock of the Company acquired by Insiders prior to the IPO; (iv) “IPO Shares” shall mean the shares of Common Stock issued in the Company’s IPO; (v) “Private Placement Units” and “Private Placement Shares” shall mean the units and underlying shares of Common Stock, respectively, that are being sold privately by the Company simultaneously with the consummation of the IPO; (vi) “Trust Account” shall mean the trust account into which the net proceeds of the Company’s IPO and a portion of the proceeds from the sale of the Private Placement Units will be deposited; and (vii) “Registration Statement” means the Company’s registration statement on Form S-1 (SEC File No. 333-236852) filed with the Securities and Exchange Commission, as amended.

 

	
14.

	
This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed by all parties hereto.

 

	
15.

	
The undersigned acknowledges and understands that the Representatives and the Company will rely upon the agreements, representations and warranties set forth herein in proceeding with the IPO. Nothing contained herein shall be deemed to render the Representatives a representative of, or a fiduciary with respect to, the Company, its shareholders or any creditor or vendor of the Company with respect to the subject matter hereof.

    4 

     

    
 

	
16.

	
This Letter Agreement shall be binding on the undersigned and such person’s respective successors, heirs, personal representatives and assigns. This Letter Agreement shall terminate on the earlier of (i) the consummation of a Business Combination and (ii) the liquidation of the Company; provided that such termination shall not relieve the undersigned from liability for any breach of this agreement prior to its termination. The parties hereto may not assign either this Letter Agreement or any of their rights, interests, or obligations hereunder without the prior written consent of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee.

 

[Signature Page Follows]

 

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Sincerely,

	
 

	
 

	
 

	
 

	
/s/ Daniel Friedberg

	
 

	
 

	
Daniel Friedberg

 

	
 

	
Hampstead Park Capital Management LLC

	
 

	
 

	
 

	
 

	
By:

	
/s/ Daniel Friedberg

	
 

	
 

	
Name: Daniel Friedberg

	
 

	
 

	
Title:   Managing Member

	 	 	 

 

 

 

	
 

	
Acknowledged and Agreed:

	
 

	
Roth CH Acquisition I Co.

	
 

	
By:

	
/s/ Byron Roth

	
 

	
 

	
Name: Byron Roth

	
 

	
 

	
Title:   Chief Executive Officer

 

     

     

    
 

May 4, 2020

 

Roth CH Acquisition I Co.
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Roth Capital Partners, LLC
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Craig-Hallum Capital Group LLC
222 South Ninth Street, Suite 350
Minneapolis, MN 55402

 

Re: Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (the “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between Roth CH Acquisition I Co., a Delaware corporation (the “Company”) and Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC (the “Representatives”), relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”), each Unit comprised of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”), and one-half of one redeemable warrant, each whole warrant exercisable for one share of Common Stock (each, a “Warrant”). Certain capitalized terms used herein are defined in paragraph 13 hereof.

 

In order to induce the Company and the Representatives to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

	
1.

	
If the Company solicits approval of its shareholders of a Business Combination, the undersigned will vote all shares beneficially owned by him or her, whether acquired before, in or after the IPO, in favor of such Business Combination.

 

	
2.

	
In the event that the Company fails to consummate a Business Combination within the time period set forth in the Company’s amended and restated certificate of incorporation, as the same may be further amended from time to time (the “Charter”), the undersigned will, as promptly as possible, take all necessary actions to cause the Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible, but not more than 10 business days thereafter, redeem the IPO Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the Trust Account not previously released to the Company (less taxes payable), divided by the number of then outstanding IPO Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and liquidate, subject in the cases of clauses (ii) and (iii) to the Company’s obligations under Delaware law to provide for claims of creditors and other requirements of applicable law. The undersigned hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Account (“Claim”) and any remaining net assets of the Company as a result of such liquidation with respect to the Founder Shares and Private Placement Shares owned by the undersigned and hereby waives any Claim the undersigned may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever. However, if any of the undersigned have acquired IPO Shares in or after the IPO, they will be entitled to liquidating distributions from the Trust Account with respect to such IPO Shares in the event that the Company fails to consummate a Business Combination within the time period set forth in the Charter. The undersigned acknowledges and agrees that there will be no distribution from the Trust Account with respect to any Warrants, all rights of which will terminate on the Company’s liquidation.

 

 

 

	
3.

	
The undersigned acknowledges and agrees that prior to entering into a definitive agreement for a Business Combination with a target business that is affiliated with the undersigned or any other Insiders of the Company or their affiliates, such transaction must be approved by a majority of the Company’s disinterested independent directors and the Company must obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions that such Business Combination is fair to the Company’s shareholders from a financial point of view.

 

	
4.

	
None of the undersigned, any member of the family of any of the undersigned, or any affiliate of the undersigned will be entitled to receive and will not accept any compensation or other cash payment prior to, or for services rendered in order to effectuate, the consummation of the Business Combination; provided that the Company shall be allowed to make the payments set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The Offering—Limited payments to insiders.”

 

	
5.

	
In the event of the liquidation of the Trust Fund, the undersigned agrees to indemnify and hold harmless the Company against any and all loss, liability, claims, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened, or any claim whatsoever) which the Company may become subject as a result of any claim by any target business or vendor or other person who is owed money by the Company for services rendered or products sold or contracted for, but only to the extent necessary to ensure that such loss, liability, claim, damage or expense does not reduce the amount of funds in the Trust Fund; provided that such indemnity shall not apply (i) if such target business, vendor or other person has executed an agreement waiving any claims against the Trust Fund or (ii) as to any claims under the Company’s obligations to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act.

 

		
(a)

	
The undersigned agrees that the Founder Shares may not be transferred, assigned or sold (except to certain permitted transferees as described in the Registration Statement or herein) (the “Lockup”) until the earlier to occur of: (1) six (6) months after the completion of a Business Combination or (2) the date following the completion of the Company’s initial Business Combination on which the Company completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the right to exchange their shares of Common Stock for cash, securities or other property. Notwithstanding the foregoing, if the closing price of the Company’s Common Stock equals or exceeds $12.50 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing after the Company’s initial Business Combination, 50% of the Founder Shares will be released from the Lockup.

 

		
(b)

	
The undersigned will not, without the prior written consent of the Representatives pursuant to the Underwriting Agreement, offer, sell, contract to sell, pledge, hedge or otherwise dispose of (or enter into any transaction that is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the undersigned or any affiliate of the undersigned or any person in privity with the undersigned or any affiliate of the undersigned), directly or indirectly, including the filing (or participation in the filing) of a registration statement with the Securities and Exchange Commission in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Securities and Exchange Commission promulgated thereunder with respect to, any other Units, Common Stock or Warrants of the Company or any securities convertible into, or exercisable, or exchangeable for, shares of Common Stock or publicly announce an intention to effect any such transaction, for a period of 180 days after the date of the Underwriting Agreement.

 

    2 

     

    
		
(c)

	
The undersigned agrees that until the Company consummates an initial Business Combination, the undersigned’s Private Placement Units will be subject to the transfer restrictions described in the Subscription Agreement, dated as of [●], 2020, by and between the Insiders and the Company relating to the undersigned’s Private Placement Units.

 

		
(d)

	
Notwithstanding the provisions set forth in paragraphs 5(a) and (c), transfers, assignments and sales (a “Transfer”) by the undersigned of the Founder Shares, Private Placement Units and Common Stock issued or issuable upon the exercise of the Private Placement Units or conversion of the Founder Shares are permitted if the Transfer (i) is among the insiders, to the Company’s officers, directors, advisors or employees; (ii) is to an Insider’s affiliates or its members upon liquidation; (iii) is to relatives and trusts for estate planning purposes; (iv) is by virtue of the law of descent and distribution upon death; (v) is pursuant to a qualified domestic relations order; (vi) involves a private sale made at a price no greater than the price at which the Founder Shares, Private Placement Units or Common Stock were originally purchased; or (vii) is to the Company for cancellation in connection with the consummation of the Business Combination, in each case (except for clause (vii)) where the transferee agrees to the terms of the escrow agreement and forfeiture, as the case may be, as well as the other applicable restrictions and agreements of the holders of the Founder Shares.

 

		
(e)

	
The undersigned acknowledges and agrees that if, in order to consummate any Business Combination, the holders of Founder Shares or Private Placement Units are required to contribute back to the capital of the Company a portion of any such securities to be cancelled by the Company or transfer any such securities to third parties, the undersigned will contribute back to the capital of the Company or transfer to such third parties, at no cost, a proportionate number of Founder Shares or Private Placement Units, as applicable, pro rata with the other holders of Founder Shares or Private Placement Units, as applicable.

 

	
6.

	
 

 

		
(a)

	
In order to minimize potential conflicts of interest that may arise from multiple corporate affiliations, the undersigned hereby agrees that until the earliest of the Company’s initial Business Combination or liquidation, the undersigned shall present to the Company for its consideration, prior to presentation to any other entity, any target business that has a fair market value of at least 80% of the assets held in the Trust Account (excluding the amount of deferred underwriting discounts held in trust and taxes payable on the interest earned on the trust account), subject to any existing or future fiduciary or contractual obligations the undersigned might have.

 

		
(b)

	
The undersigned hereby agrees and acknowledges that (i) the Representatives and the Company would be irreparably injured in the event of a breach of the obligations under paragraph 6(a) above, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of such breach.

 

	
7.

	
The undersigned agrees to be an officer of the Company, until the earlier of the consummation by the Company of an initial Business Combination or the liquidation of the Company. The undersigned’s biographical information previously furnished to the Company and the Representative is true and accurate in all material respects, does not omit any material information with respect to the undersigned’s background and contains all of the information required to be disclosed pursuant to Item 401 of Regulation S-K, promulgated under the Securities Act of 1933, as amended. The undersigned’s FINRA Questionnaire previously furnished to the Company and the Representative is true and accurate in all material respects. The undersigned represents and warrants that:

 

		
(a)

	
He or she is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction;

 

    3 

     

    
		
(b)

	
He or she has never been convicted of or pleaded guilty to any crime (i) involving any fraud or (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and he is not currently a defendant in any such criminal proceeding; and

 

		
(c)

	
he or she has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended or revoked.

 

	
8.

	
The undersigned has full right and power, without violating any agreement by which he or she is bound, to enter into this Letter Agreement and to serve as a director or officer of the Company, as applicable.

 

	
9.

	
The undersigned hereby waives his or her right to exercise conversion/redemption rights with respect to any of the Company’s Common Stock owned or to be owned by the undersigned, directly or indirectly, whether such shares be part of the Founder Shares or IPO Shares, and agrees that he or she will not seek conversion/redemption with respect to such shares (or sell such shares to the Company in any tender offer) in connection with any vote to approve a Business Combination or any amendment to the Charter.

 

	
10.

	
The undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article Sixth of the Charter prior to the consummation of a Business Combination unless the Company provides public shareholders with the opportunity to convert/redeem their IPO Shares upon such approval in accordance with such Article Sixth thereof.

 

	
11.

	
Intentionally Omitted.

 

	
12.

	
This Letter Agreement shall be governed by and construed and enforced in accordance with 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 undersigned hereby (i) agrees that any action, proceeding or claim against him arising out of or relating in any way to this Letter Agreement shall be brought and enforced in the courts of the State of New York of the United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.

 

	
13.

	
As used herein, (i) a “Business Combination“ shall mean a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities; (ii) “Insiders” shall mean all officers, directors and sponsors of the Company immediately prior to the IPO; (iii) “Founder Shares” shall mean the 2,156,250 shares of Common Stock of the Company acquired by Insiders prior to the IPO; (iv) “IPO Shares” shall mean the shares of Common Stock issued in the Company’s IPO; (v) “Private Placement Units” and “Private Placement Shares” shall mean the units and underlying shares of Common Stock, respectively, that are being sold privately by the Company simultaneously with the consummation of the IPO; (vi) “Trust Account” shall mean the trust account into which the net proceeds of the Company’s IPO and a portion of the proceeds from the sale of the Private Placement Units will be deposited; and (vii) “Registration Statement” means the Company’s registration statement on Form S-1 (SEC File No. 333-236852) filed with the Securities and Exchange Commission, as amended.

 

	
14.

	
This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed by all parties hereto.

 

	
15.

	
The undersigned acknowledges and understands that the Representatives and the Company will rely upon the agreements, representations and warranties set forth herein in proceeding with the IPO. Nothing contained herein shall be deemed to render the Representatives a representative of, or a fiduciary with respect to, the Company, its shareholders or any creditor or vendor of the Company with respect to the subject matter hereof.

    4 

     

    
 

	
16.

	
This Letter Agreement shall be binding on the undersigned and such person’s respective successors, heirs, personal representatives and assigns. This Letter Agreement shall terminate on the earlier of (i) the consummation of a Business Combination and (ii) the liquidation of the Company; provided that such termination shall not relieve the undersigned from liability for any breach of this agreement prior to its termination. The parties hereto may not assign either this Letter Agreement or any of their rights, interests, or obligations hereunder without the prior written consent of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee.

 

[Signature Page Follows]

 

    5 

     

    
	
 

	
Sincerely,

	
 

	
 

	
 

	
 

	
/s/ Gordon Roth

	
 

	
 

	
Gordon Roth

	
 

	
 

	
 

     

     

    
 

	
 

	
Acknowledged and Agreed:

	
 

	
Roth CH Acquisition I Co.

	
 

	
By:

	
/s/ Byron Roth

	
 

	
 

	
Name: Byron Roth

	
 

	
 

	
Title:   Chief Executive Officer

 

     

     

    

May 4, 2020

 

Roth CH Acquisition I Co.
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Roth Capital Partners, LLC
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Craig-Hallum Capital Group LLC
222 South Ninth Street, Suite 350
Minneapolis, MN 55402

 

Re: Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (the “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between Roth CH Acquisition I Co., a Delaware corporation (the “Company”) and Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC (the “Representatives”), relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”), each Unit comprised of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”), and one-half of one redeemable warrant, each whole warrant exercisable for one share of Common Stock (each, a “Warrant”). Certain capitalized terms used herein are defined in paragraph 13 hereof.

 

In order to induce the Company and the Representatives to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

	
1.

	
If the Company solicits approval of its shareholders of a Business Combination, the undersigned will vote all shares beneficially owned by him or her, whether acquired before, in or after the IPO, in favor of such Business Combination.

 

	
2.

	
In the event that the Company fails to consummate a Business Combination within the time period set forth in the Company’s amended and restated certificate of incorporation, as the same may be further amended from time to time (the “Charter”), the undersigned will, as promptly as possible, take all necessary actions to cause the Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible, but not more than 10 business days thereafter, redeem the IPO Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the Trust Account not previously released to the Company (less taxes payable), divided by the number of then outstanding IPO Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and liquidate, subject in the cases of clauses (ii) and (iii) to the Company’s obligations under Delaware law to provide for claims of creditors and other requirements of applicable law. The undersigned hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Account (“Claim”) and any remaining net assets of the Company as a result of such liquidation with respect to the Founder Shares and Private Placement Shares owned by the undersigned and hereby waives any Claim the undersigned may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever. However, if any of the undersigned have acquired IPO Shares in or after the IPO, they will be entitled to liquidating distributions from the Trust Account with respect to such IPO Shares in the event that the Company fails to consummate a Business Combination within the time period set forth in the Charter. The undersigned acknowledges and agrees that there will be no distribution from the Trust Account with respect to any Warrants, all rights of which will terminate on the Company’s liquidation.

 

 

 

	
3.

	
The undersigned acknowledges and agrees that prior to entering into a definitive agreement for a Business Combination with a target business that is affiliated with the undersigned or any other Insiders of the Company or their affiliates, such transaction must be approved by a majority of the Company’s disinterested independent directors and the Company must obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions that such Business Combination is fair to the Company’s shareholders from a financial point of view.

 

	
4.

	
None of the undersigned, any member of the family of any of the undersigned, or any affiliate of the undersigned will be entitled to receive and will not accept any compensation or other cash payment prior to, or for services rendered in order to effectuate, the consummation of the Business Combination; provided that the Company shall be allowed to make the payments set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The Offering—Limited payments to insiders.”

 

	
5.

	
In the event of the liquidation of the Trust Fund, the undersigned agrees to indemnify and hold harmless the Company against any and all loss, liability, claims, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened, or any claim whatsoever) which the Company may become subject as a result of any claim by any target business or vendor or other person who is owed money by the Company for services rendered or products sold or contracted for, but only to the extent necessary to ensure that such loss, liability, claim, damage or expense does not reduce the amount of funds in the Trust Fund; provided that such indemnity shall not apply (i) if such target business, vendor or other person has executed an agreement waiving any claims against the Trust Fund or (ii) as to any claims under the Company’s obligations to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act.

 

		
(a)

	
The undersigned agrees that the Founder Shares may not be transferred, assigned or sold (except to certain permitted transferees as described in the Registration Statement or herein) (the “Lockup”) until the earlier to occur of: (1) six (6) months after the completion of a Business Combination or (2) the date following the completion of the Company’s initial Business Combination on which the Company completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the right to exchange their shares of Common Stock for cash, securities or other property. Notwithstanding the foregoing, if the closing price of the Company’s Common Stock equals or exceeds $12.50 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing after the Company’s initial Business Combination, 50% of the Founder Shares will be released from the Lockup.

 

		
(b)

	
The undersigned will not, without the prior written consent of the Representatives pursuant to the Underwriting Agreement, offer, sell, contract to sell, pledge, hedge or otherwise dispose of (or enter into any transaction that is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the undersigned or any affiliate of the undersigned or any person in privity with the undersigned or any affiliate of the undersigned), directly or indirectly, including the filing (or participation in the filing) of a registration statement with the Securities and Exchange Commission in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Securities and Exchange Commission promulgated thereunder with respect to, any other Units, Common Stock or Warrants of the Company or any securities convertible into, or exercisable, or exchangeable for, shares of Common Stock or publicly announce an intention to effect any such transaction, for a period of 180 days after the date of the Underwriting Agreement.

 

2

 

		
(c)

	
The undersigned agrees that until the Company consummates an initial Business Combination, the undersigned’s Private Placement Units will be subject to the transfer restrictions described in the Subscription Agreement, dated as of [●], 2020, by and between the Insiders and the Company relating to the undersigned’s Private Placement Units.

 

		
(d)

	
Notwithstanding the provisions set forth in paragraphs 5(a) and (c), transfers, assignments and sales (a “Transfer”) by the undersigned of the Founder Shares, Private Placement Units and Common Stock issued or issuable upon the exercise of the Private Placement Units or conversion of the Founder Shares are permitted if the Transfer (i) is among the insiders, to the Company’s officers, directors, advisors or employees; (ii) is to an Insider’s affiliates or its members upon liquidation; (iii) is to relatives and trusts for estate planning purposes; (iv) is by virtue of the law of descent and distribution upon death; (v) is pursuant to a qualified domestic relations order; (vi) involves a private sale made at a price no greater than the price at which the Founder Shares, Private Placement Units or Common Stock were originally purchased; or (vii) is to the Company for cancellation in connection with the consummation of the Business Combination, in each case (except for clause (vii)) where the transferee agrees to the terms of the escrow agreement and forfeiture, as the case may be, as well as the other applicable restrictions and agreements of the holders of the Founder Shares.

 

		
(e)

	
The undersigned acknowledges and agrees that if, in order to consummate any Business Combination, the holders of Founder Shares or Private Placement Units are required to contribute back to the capital of the Company a portion of any such securities to be cancelled by the Company or transfer any such securities to third parties, the undersigned will contribute back to the capital of the Company or transfer to such third parties, at no cost, a proportionate number of Founder Shares or Private Placement Units, as applicable, pro rata with the other holders of Founder Shares or Private Placement Units, as applicable.

 

	
6.

	
 

 

		
(a)

	
In order to minimize potential conflicts of interest that may arise from multiple corporate affiliations, the undersigned hereby agrees that until the earliest of the Company’s initial Business Combination or liquidation, the undersigned shall present to the Company for its consideration, prior to presentation to any other entity, any target business that has a fair market value of at least 80% of the assets held in the Trust Account (excluding the amount of deferred underwriting discounts held in trust and taxes payable on the interest earned on the trust account), subject to any existing or future fiduciary or contractual obligations the undersigned might have.

 

		
(b)

	
The undersigned hereby agrees and acknowledges that (i) the Representatives and the Company would be irreparably injured in the event of a breach of the obligations under paragraph 6(a) above, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of such breach.

 

	
7.

	
The undersigned represents and warrants that:

 

		
(a)

	
He or she is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction;

 

		
(b)

	
He or she has never been convicted of or pleaded guilty to any crime (i) involving any fraud or (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and he is not currently a defendant in any such criminal proceeding; and

 

3

 

		
(c)

	
he or she has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended or revoked.

 

	
8.

	
The undersigned has full right and power, without violating any agreement by which he or she is bound, to enter into this Letter Agreement and to serve as a director or officer of the Company, as applicable.

 

	
9.

	
The undersigned hereby waives his or her right to exercise conversion/redemption rights with respect to any of the Company’s Common Stock owned or to be owned by the undersigned, directly or indirectly, whether such shares be part of the Founder Shares or IPO Shares, and agrees that he or she will not seek conversion/redemption with respect to such shares (or sell such shares to the Company in any tender offer) in connection with any vote to approve a Business Combination or any amendment to the Charter.

 

	
10.

	
The undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article Sixth of the Charter prior to the consummation of a Business Combination unless the Company provides public shareholders with the opportunity to convert/redeem their IPO Shares upon such approval in accordance with such Article Sixth thereof.

 

	
11.

	
Intentionally Omitted.

 

	
12.

	
This Letter Agreement shall be governed by and construed and enforced in accordance with 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 undersigned hereby (i) agrees that any action, proceeding or claim against him arising out of or relating in any way to this Letter Agreement shall be brought and enforced in the courts of the State of New York of the United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.

 

	
13.

	
As used herein, (i) a “Business Combination” shall mean a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities; (ii) “Insiders” shall mean all officers, directors and sponsors of the Company immediately prior to the IPO; (iii) “Founder Shares” shall mean the 2,156,250 shares of Common Stock of the Company acquired by Insiders prior to the IPO; (iv) “IPO Shares” shall mean the shares of Common Stock issued in the Company’s IPO; (v) “Private Placement Units” and “Private Placement Shares” shall mean the units and underlying shares of Common Stock, respectively, that are being sold privately by the Company simultaneously with the consummation of the IPO; (vi) “Trust Account” shall mean the trust account into which the net proceeds of the Company’s IPO and a portion of the proceeds from the sale of the Private Placement Units will be deposited; and (vii) “Registration Statement” means the Company’s registration statement on Form S-1 (SEC File No. 333-236852) filed with the Securities and Exchange Commission, as amended.

 

	
14.

	
This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed by all parties hereto.

 

	
15.

	
The undersigned acknowledges and understands that the Representatives and the Company will rely upon the agreements, representations and warranties set forth herein in proceeding with the IPO. Nothing contained herein shall be deemed to render the Representatives a representative of, or a fiduciary with respect to, the Company, its shareholders or any creditor or vendor of the Company with respect to the subject matter hereof.

 

4

 

	
16.

	
This Letter Agreement shall be binding on the undersigned and such person’s respective successors, heirs, personal representatives and assigns. This Letter Agreement shall terminate on the earlier of (i) the consummation of a Business Combination and (ii) the liquidation of the Company; provided that such termination shall not relieve the undersigned from liability for any breach of this agreement prior to its termination. The parties hereto may not assign either this Letter Agreement or any of their rights, interests, or obligations hereunder without the prior written consent of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee.

 

[Signature Page Follows]

 

5

 

	
 

	
Sincerely,

	 	 
	 	 	
 /s/ George Sutton

	
 

	
 

	
George Sutton

 

 

 

	
 

	

Acknowledged and Agreed:

	
 

	
Roth CH Acquisition I Co.

	
 

	
By:

	
/s/ Byron Roth

	
 

	
 

	
Name: Byron Roth

	
 

	
 

	
Title:   Chief Executive Officer

 

 

 

 

May 4, 2020

 

Roth CH Acquisition I Co.
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Roth Capital Partners, LLC
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Craig-Hallum Capital Group LLC
222 South Ninth Street, Suite 350
Minneapolis, MN 55402

 

Re: Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (the “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between Roth CH Acquisition I Co., a Delaware corporation (the “Company”) and Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC (the “Representatives”), relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”), each Unit comprised of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”), and one-half of one redeemable warrant, each whole warrant exercisable for one share of Common Stock (each, a “Warrant”). Certain capitalized terms used herein are defined in paragraph 13 hereof.

 

In order to induce the Company and the Representatives to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

	
1.

	
If the Company solicits approval of its shareholders of a Business Combination, the undersigned will vote all shares beneficially owned by him or her, whether acquired before, in or after the IPO, in favor of such Business Combination.

 

	
2.

	
In the event that the Company fails to consummate a Business Combination within the time period set forth in the Company’s amended and restated certificate of incorporation, as the same may be further amended from time to time (the “Charter”), the undersigned will, as promptly as possible, take all necessary actions to cause the Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible, but not more than 10 business days thereafter, redeem the IPO Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the Trust Account not previously released to the Company (less taxes payable), divided by the number of then outstanding IPO Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and liquidate, subject in the cases of clauses (ii) and (iii) to the Company’s obligations under Delaware law to provide for claims of creditors and other requirements of applicable law. The undersigned hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Account (“Claim”) and any remaining net assets of the Company as a result of such liquidation with respect to the Founder Shares and Private Placement Shares owned by the undersigned and hereby waives any Claim the undersigned may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever. However, if any of the undersigned have acquired IPO Shares in or after the IPO, they will be entitled to liquidating distributions from the Trust Account with respect to such IPO Shares in the event that the Company fails to consummate a Business Combination within the time period set forth in the Charter. The undersigned acknowledges and agrees that there will be no distribution from the Trust Account with respect to any Warrants, all rights of which will terminate on the Company’s liquidation.

 

 

 

	
3.

	
The undersigned acknowledges and agrees that prior to entering into a definitive agreement for a Business Combination with a target business that is affiliated with the undersigned or any other Insiders of the Company or their affiliates, such transaction must be approved by a majority of the Company’s disinterested independent directors and the Company must obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions that such Business Combination is fair to the Company’s shareholders from a financial point of view.

 

	
4.

	
None of the undersigned, any member of the family of any of the undersigned, or any affiliate of the undersigned will be entitled to receive and will not accept any compensation or other cash payment prior to, or for services rendered in order to effectuate, the consummation of the Business Combination; provided that the Company shall be allowed to make the payments set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The Offering—Limited payments to insiders.”

 

	
5.

	
In the event of the liquidation of the Trust Fund, the undersigned agrees to indemnify and hold harmless the Company against any and all loss, liability, claims, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened, or any claim whatsoever) which the Company may become subject as a result of any claim by any target business or vendor or other person who is owed money by the Company for services rendered or products sold or contracted for, but only to the extent necessary to ensure that such loss, liability, claim, damage or expense does not reduce the amount of funds in the Trust Fund; provided that such indemnity shall not apply (i) if such target business, vendor or other person has executed an agreement waiving any claims against the Trust Fund or (ii) as to any claims under the Company’s obligations to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act.

 

		
(a)

	
The undersigned agrees that the Founder Shares may not be transferred, assigned or sold (except to certain permitted transferees as described in the Registration Statement or herein) (the “Lockup”) until the earlier to occur of: (1) six (6) months after the completion of a Business Combination or (2) the date following the completion of the Company’s initial Business Combination on which the Company completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the right to exchange their shares of Common Stock for cash, securities or other property. Notwithstanding the foregoing, if the closing price of the Company’s Common Stock equals or exceeds $12.50 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing after the Company’s initial Business Combination, 50% of the Founder Shares will be released from the Lockup.

 

		
(b)

	
The undersigned will not, without the prior written consent of the Representatives pursuant to the Underwriting Agreement, offer, sell, contract to sell, pledge, hedge or otherwise dispose of (or enter into any transaction that is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the undersigned or any affiliate of the undersigned or any person in privity with the undersigned or any affiliate of the undersigned), directly or indirectly, including the filing (or participation in the filing) of a registration statement with the Securities and Exchange Commission in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Securities and Exchange Commission promulgated thereunder with respect to, any other Units, Common Stock or Warrants of the Company or any securities convertible into, or exercisable, or exchangeable for, shares of Common Stock or publicly announce an intention to effect any such transaction, for a period of 180 days after the date of the Underwriting Agreement.

 

6

 

		
(c)

	
The undersigned agrees that until the Company consummates an initial Business Combination, the undersigned’s Private Placement Units will be subject to the transfer restrictions described in the Subscription Agreement, dated as of [●], 2020, by and between the Insiders and the Company relating to the undersigned’s Private Placement Units.

 

		
(d)

	
Notwithstanding the provisions set forth in paragraphs 5(a) and (c), transfers, assignments and sales (a “Transfer”) by the undersigned of the Founder Shares, Private Placement Units and Common Stock issued or issuable upon the exercise of the Private Placement Units or conversion of the Founder Shares are permitted if the Transfer (i) is among the insiders, to the Company’s officers, directors, advisors or employees; (ii) is to an Insider’s affiliates or its members upon liquidation; (iii) is to relatives and trusts for estate planning purposes; (iv) is by virtue of the law of descent and distribution upon death; (v) is pursuant to a qualified domestic relations order; (vi) involves a private sale made at a price no greater than the price at which the Founder Shares, Private Placement Units or Common Stock were originally purchased; or (vii) is to the Company for cancellation in connection with the consummation of the Business Combination, in each case (except for clause (vii)) where the transferee agrees to the terms of the escrow agreement and forfeiture, as the case may be, as well as the other applicable restrictions and agreements of the holders of the Founder Shares.

 

		
(e)

	
The undersigned acknowledges and agrees that if, in order to consummate any Business Combination, the holders of Founder Shares or Private Placement Units are required to contribute back to the capital of the Company a portion of any such securities to be cancelled by the Company or transfer any such securities to third parties, the undersigned will contribute back to the capital of the Company or transfer to such third parties, at no cost, a proportionate number of Founder Shares or Private Placement Units, as applicable, pro rata with the other holders of Founder Shares or Private Placement Units, as applicable.

 

	
6.

	
 

 

		
(a)

	
In order to minimize potential conflicts of interest that may arise from multiple corporate affiliations, the undersigned hereby agrees that until the earliest of the Company’s initial Business Combination or liquidation, the undersigned shall present to the Company for its consideration, prior to presentation to any other entity, any target business that has a fair market value of at least 80% of the assets held in the Trust Account (excluding the amount of deferred underwriting discounts held in trust and taxes payable on the interest earned on the trust account), subject to any existing or future fiduciary or contractual obligations the undersigned might have.

 

		
(b)

	
The undersigned hereby agrees and acknowledges that (i) the Representatives and the Company would be irreparably injured in the event of a breach of the obligations under paragraph 6(a) above, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of such breach.

 

	
7.

	
The undersigned agrees to be a director and officer of the Company, as applicable, until the earlier of the consummation by the Company of an initial Business Combination or the liquidation of the Company. The undersigned’s biographical information previously furnished to the Company and the Representative is true and accurate in all material respects, does not omit any material information with respect to the undersigned’s background and contains all of the information required to be disclosed pursuant to Item 401 of Regulation S-K, promulgated under the Securities Act of 1933, as amended. The undersigned’s FINRA Questionnaire previously furnished to the Company and the Representative is true and accurate in all material respects. The undersigned represents and warrants that:

 

		
(a)

	
He or she is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction;

 

7

 

		
(b)

	
He or she has never been convicted of or pleaded guilty to any crime (i) involving any fraud or (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and he is not currently a defendant in any such criminal proceeding; and

 

		
(c)

	
he or she has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended or revoked.

 

	
8.

	
The undersigned has full right and power, without violating any agreement by which he or she is bound, to enter into this Letter Agreement and to serve as a director or officer of the Company, as applicable.

 

	
9.

	
The undersigned hereby waives his or her right to exercise conversion/redemption rights with respect to any of the Company’s Common Stock owned or to be owned by the undersigned, directly or indirectly, whether such shares be part of the Founder Shares or IPO Shares, and agrees that he or she will not seek conversion/redemption with respect to such shares (or sell such shares to the Company in any tender offer) in connection with any vote to approve a Business Combination or any amendment to the Charter.

 

	
10.

	
The undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article Sixth of the Charter prior to the consummation of a Business Combination unless the Company provides public shareholders with the opportunity to convert/redeem their IPO Shares upon such approval in accordance with such Article Sixth thereof.

 

	
11.

	
Intentionally Omitted.

 

	
12.

	
This Letter Agreement shall be governed by and construed and enforced in accordance with 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 undersigned hereby (i) agrees that any action, proceeding or claim against him arising out of or relating in any way to this Letter Agreement shall be brought and enforced in the courts of the State of New York of the United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.

 

	
13.

	
As used herein, (i) a “Business Combination” shall mean a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities; (ii) “Insiders” shall mean all officers, directors and sponsors of the Company immediately prior to the IPO; (iii) “Founder Shares” shall mean the 2,156,250 shares of Common Stock of the Company acquired by Insiders prior to the IPO; (iv) “IPO Shares” shall mean the shares of Common Stock issued in the Company’s IPO; (v) “Private Placement Units” and “Private Placement Shares” shall mean the units and underlying shares of Common Stock, respectively, that are being sold privately by the Company simultaneously with the consummation of the IPO; (vi) “Trust Account” shall mean the trust account into which the net proceeds of the Company’s IPO and a portion of the proceeds from the sale of the Private Placement Units will be deposited; and (vii) “Registration Statement” means the Company’s registration statement on Form S-1 (SEC File No. 333-236852) filed with the Securities and Exchange Commission, as amended.

 

	
14.

	
This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed by all parties hereto.

 

	
15.

	
The undersigned acknowledges and understands that the Representatives and the Company will rely upon the agreements, representations and warranties set forth herein in proceeding with the IPO. Nothing contained herein shall be deemed to render the Representatives a representative of, or a fiduciary with respect to, the Company, its shareholders or any creditor or vendor of the Company with respect to the subject matter hereof.

 

8

 

 

	
16.

	
This Letter Agreement shall be binding on the undersigned and such person’s respective successors, heirs, personal representatives and assigns. This Letter Agreement shall terminate on the earlier of (i) the consummation of a Business Combination and (ii) the liquidation of the Company; provided that such termination shall not relieve the undersigned from liability for any breach of this agreement prior to its termination. The parties hereto may not assign either this Letter Agreement or any of their rights, interests, or obligations hereunder without the prior written consent of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee.

 

[Signature Page Follows]

 

9

 

	 	Sincerely,
	 	 
	 		/s/
John Lipman 

	 	 	John Lipman

 

 

 

	
 

	
Acknowledged and Agreed:

	
 

	
Roth CH Acquisition I Co.

	
 

	
By:

	
/s/ Byron Roth

	
 

	
 

	
Name: Byron Roth

	
 

	
 

	
Title:   Chief Executive Officer

 

 

 

 

May 4, 2020

 

Roth CH Acquisition I Co.
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Roth Capital Partners, LLC
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Craig-Hallum Capital Group LLC
222 South Ninth Street, Suite 350
Minneapolis, MN 55402

 

Re: Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (the “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between Roth CH Acquisition I Co., a Delaware corporation (the “Company”) and Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC (the “Representatives”), relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”), each Unit comprised of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”), and one-half of one redeemable warrant, each whole warrant exercisable for one share of Common Stock (each, a “Warrant”). Certain capitalized terms used herein are defined in paragraph 13 hereof.

 

In order to induce the Company and the Representatives to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

	
1.

	
If the Company solicits approval of its shareholders of a Business Combination, the undersigned will vote all shares beneficially owned by him or her, whether acquired before, in or after the IPO, in favor of such Business Combination.

 

	
2.

	
In the event that the Company fails to consummate a Business Combination within the time period set forth in the Company’s amended and restated certificate of incorporation, as the same may be further amended from time to time (the “Charter”), the undersigned will, as promptly as possible, take all necessary actions to cause the Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible, but not more than 10 business days thereafter, redeem the IPO Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the Trust Account not previously released to the Company (less taxes payable), divided by the number of then outstanding IPO Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and liquidate, subject in the cases of clauses (ii) and (iii) to the Company’s obligations under Delaware law to provide for claims of creditors and other requirements of applicable law. The undersigned hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Account (“Claim”) and any remaining net assets of the Company as a result of such liquidation with respect to the Founder Shares and Private Placement Shares owned by the undersigned and hereby waives any Claim the undersigned may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever. However, if any of the undersigned have acquired IPO Shares in or after the IPO, they will be entitled to liquidating distributions from the Trust Account with respect to such IPO Shares in the event that the Company fails to consummate a Business Combination within the time period set forth in the Charter. The undersigned acknowledges and agrees that there will be no distribution from the Trust Account with respect to any Warrants, all rights of which will terminate on the Company’s liquidation.

 

 

 

	
3.

	
The undersigned acknowledges and agrees that prior to entering into a definitive agreement for a Business Combination with a target business that is affiliated with the undersigned or any other Insiders of the Company or their affiliates, such transaction must be approved by a majority of the Company’s disinterested independent directors and the Company must obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions that such Business Combination is fair to the Company’s shareholders from a financial point of view.

 

	
4.

	
None of the undersigned, any member of the family of any of the undersigned, or any affiliate of the undersigned will be entitled to receive and will not accept any compensation or other cash payment prior to, or for services rendered in order to effectuate, the consummation of the Business Combination; provided that the Company shall be allowed to make the payments set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The Offering—Limited payments to insiders.”

 

	
5.

	
In the event of the liquidation of the Trust Fund, the undersigned agrees to indemnify and hold harmless the Company against any and all loss, liability, claims, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened, or any claim whatsoever) which the Company may become subject as a result of any claim by any target business or vendor or other person who is owed money by the Company for services rendered or products sold or contracted for, but only to the extent necessary to ensure that such loss, liability, claim, damage or expense does not reduce the amount of funds in the Trust Fund; provided that such indemnity shall not apply (i) if such target business, vendor or other person has executed an agreement waiving any claims against the Trust Fund or (ii) as to any claims under the Company’s obligations to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act.

 

		
(a)

	
The undersigned agrees that the Founder Shares may not be transferred, assigned or sold (except to certain permitted transferees as described in the Registration Statement or herein) (the “Lockup”) until the earlier to occur of: (1) six (6) months after the completion of a Business Combination or (2) the date following the completion of the Company’s initial Business Combination on which the Company completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the right to exchange their shares of Common Stock for cash, securities or other property. Notwithstanding the foregoing, if the closing price of the Company’s Common Stock equals or exceeds $12.50 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing after the Company’s initial Business Combination, 50% of the Founder Shares will be released from the Lockup.

 

		
(b)

	
The undersigned will not, without the prior written consent of the Representatives pursuant to the Underwriting Agreement, offer, sell, contract to sell, pledge, hedge or otherwise dispose of (or enter into any transaction that is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the undersigned or any affiliate of the undersigned or any person in privity with the undersigned or any affiliate of the undersigned), directly or indirectly, including the filing (or participation in the filing) of a registration statement with the Securities and Exchange Commission in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Securities and Exchange Commission promulgated thereunder with respect to, any other Units, Common Stock or Warrants of the Company or any securities convertible into, or exercisable, or exchangeable for, shares of Common Stock or publicly announce an intention to effect any such transaction, for a period of 180 days after the date of the Underwriting Agreement.

 

10

 

		
(c)

	
The undersigned agrees that until the Company consummates an initial Business Combination, the undersigned’s Private Placement Units will be subject to the transfer restrictions described in the Subscription Agreement, dated as of [●], 2020, by and between the Insiders and the Company relating to the undersigned’s Private Placement Units.

 

		
(d)

	
Notwithstanding the provisions set forth in paragraphs 5(a) and (c), transfers, assignments and sales (a “Transfer”) by the undersigned of the Founder Shares, Private Placement Units and Common Stock issued or issuable upon the exercise of the Private Placement Units or conversion of the Founder Shares are permitted if the Transfer (i) is among the insiders, to the Company’s officers, directors, advisors or employees; (ii) is to an Insider’s affiliates or its members upon liquidation; (iii) is to relatives and trusts for estate planning purposes; (iv) is by virtue of the law of descent and distribution upon death; (v) is pursuant to a qualified domestic relations order; (vi) involves a private sale made at a price no greater than the price at which the Founder Shares, Private Placement Units or Common Stock were originally purchased; or (vii) is to the Company for cancellation in connection with the consummation of the Business Combination, in each case (except for clause (vii)) where the transferee agrees to the terms of the escrow agreement and forfeiture, as the case may be, as well as the other applicable restrictions and agreements of the holders of the Founder Shares.

 

		
(e)

	
The undersigned acknowledges and agrees that if, in order to consummate any Business Combination, the holders of Founder Shares or Private Placement Units are required to contribute back to the capital of the Company a portion of any such securities to be cancelled by the Company or transfer any such securities to third parties, the undersigned will contribute back to the capital of the Company or transfer to such third parties, at no cost, a proportionate number of Founder Shares or Private Placement Units, as applicable, pro rata with the other holders of Founder Shares or Private Placement Units, as applicable.

 

	
6.

	
 

 

		
(a)

	
In order to minimize potential conflicts of interest that may arise from multiple corporate affiliations, the undersigned hereby agrees that until the earliest of the Company’s initial Business Combination or liquidation, the undersigned shall present to the Company for its consideration, prior to presentation to any other entity, any target business that has a fair market value of at least 80% of the assets held in the Trust Account (excluding the amount of deferred underwriting discounts held in trust and taxes payable on the interest earned on the trust account), subject to any existing or future fiduciary or contractual obligations the undersigned might have.

 

		
(b)

	
The undersigned hereby agrees and acknowledges that (i) the Representatives and the Company would be irreparably injured in the event of a breach of the obligations under paragraph 6(a) above, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of such breach.

 

	
7.

	
The undersigned represents and warrants that:

 

		
(a)

	
He or she is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction;

 

		
(b)

	
He or she has never been convicted of or pleaded guilty to any crime (i) involving any fraud or (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and he is not currently a defendant in any such criminal proceeding; and

 

11

 

		
(c)

	
he or she has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended or revoked.

 

	
8.

	
The undersigned has full right and power, without violating any agreement by which he or she is bound, to enter into this Letter Agreement and to serve as a director or officer of the Company, as applicable.

 

	
9.

	
The undersigned hereby waives his or her right to exercise conversion/redemption rights with respect to any of the Company’s Common Stock owned or to be owned by the undersigned, directly or indirectly, whether such shares be part of the Founder Shares or IPO Shares, and agrees that he or she will not seek conversion/redemption with respect to such shares (or sell such shares to the Company in any tender offer) in connection with any vote to approve a Business Combination or any amendment to the Charter.

 

	
10.

	
The undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article Sixth of the Charter prior to the consummation of a Business Combination unless the Company provides public shareholders with the opportunity to convert/redeem their IPO Shares upon such approval in accordance with such Article Sixth thereof.

 

	
11.

	
Intentionally Omitted.

 

	
12.

	
This Letter Agreement shall be governed by and construed and enforced in accordance with 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 undersigned hereby (i) agrees that any action, proceeding or claim against him arising out of or relating in any way to this Letter Agreement shall be brought and enforced in the courts of the State of New York of the United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.

 

	
13.

	
As used herein, (i) a “Business Combination” shall mean a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities; (ii) “Insiders” shall mean all officers, directors and sponsors of the Company immediately prior to the IPO; (iii) “Founder Shares” shall mean the 2,156,250 shares of Common Stock of the Company acquired by Insiders prior to the IPO; (iv) “IPO Shares” shall mean the shares of Common Stock issued in the Company’s IPO; (v) “Private Placement Units” and “Private Placement Shares” shall mean the units and underlying shares of Common Stock, respectively, that are being sold privately by the Company simultaneously with the consummation of the IPO; (vi) “Trust Account” shall mean the trust account into which the net proceeds of the Company’s IPO and a portion of the proceeds from the sale of the Private Placement Units will be deposited; and (vii) “Registration Statement” means the Company’s registration statement on Form S-1 (SEC File No. 333-236852) filed with the Securities and Exchange Commission, as amended.

 

	
14.

	
This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed by all parties hereto.

 

	
15.

	
The undersigned acknowledges and understands that the Representatives and the Company will rely upon the agreements, representations and warranties set forth herein in proceeding with the IPO. Nothing contained herein shall be deemed to render the Representatives a representative of, or a fiduciary with respect to, the Company, its shareholders or any creditor or vendor of the Company with respect to the subject matter hereof.

 

12

 

	
16.

	
This Letter Agreement shall be binding on the undersigned and such person’s respective successors, heirs, personal representatives and assigns. This Letter Agreement shall terminate on the earlier of (i) the consummation of a Business Combination and (ii) the liquidation of the Company; provided that such termination shall not relieve the undersigned from liability for any breach of this agreement prior to its termination. The parties hereto may not assign either this Letter Agreement or any of their rights, interests, or obligations hereunder without the prior written consent of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee.

 

[Signature Page Follows]

 

13

 

	 	Sincerely,
	 	 
	 		/s/
James Zavoral 

	 	 	James Zavoral

 

 

 

	
 

	
Acknowledged and Agreed:

	
 

	
Roth CH Acquisition I Co.

	
 

	
By:

	
/s/ Byron Roth

	
 

	
 

	
Name: Byron Roth

	
 

	
 

	
Title:   Chief Executive Officer

 

 

 

 

May 4, 2020

 

Roth CH Acquisition I Co.
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Roth Capital Partners, LLC
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Craig-Hallum Capital Group LLC
222 South Ninth Street, Suite 350
Minneapolis, MN 55402

 

Re: Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (the “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between Roth CH Acquisition I Co., a Delaware corporation (the “Company”) and Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC (the “Representatives”), relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”), each Unit comprised of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”), and one-half of one redeemable warrant, each whole warrant exercisable for one share of Common Stock (each, a “Warrant”). Certain capitalized terms used herein are defined in paragraph 13 hereof.

 

In order to induce the Company and the Representatives to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

	
1.

	
If the Company solicits approval of its shareholders of a Business Combination, the undersigned will vote all shares beneficially owned by him or her, whether acquired before, in or after the IPO, in favor of such Business Combination.

 

	
2.

	
In the event that the Company fails to consummate a Business Combination within the time period set forth in the Company’s amended and restated certificate of incorporation, as the same may be further amended from time to time (the “Charter”), the undersigned will, as promptly as possible, take all necessary actions to cause the Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible, but not more than 10 business days thereafter, redeem the IPO Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the Trust Account not previously released to the Company (less taxes payable), divided by the number of then outstanding IPO Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and liquidate, subject in the cases of clauses (ii) and (iii) to the Company’s obligations under Delaware law to provide for claims of creditors and other requirements of applicable law. The undersigned hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Account (“Claim”) and any remaining net assets of the Company as a result of such liquidation with respect to the Founder Shares and Private Placement Shares owned by the undersigned and hereby waives any Claim the undersigned may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever. However, if any of the undersigned have acquired IPO Shares in or after the IPO, they will be entitled to liquidating distributions from the Trust Account with respect to such IPO Shares in the event that the Company fails to consummate a Business Combination within the time period set forth in the Charter. The undersigned acknowledges and agrees that there will be no distribution from the Trust Account with respect to any Warrants, all rights of which will terminate on the Company’s liquidation.

 

 

 

	
3.

	
The undersigned acknowledges and agrees that prior to entering into a definitive agreement for a Business Combination with a target business that is affiliated with the undersigned or any other Insiders of the Company or their affiliates, such transaction must be approved by a majority of the Company’s disinterested independent directors and the Company must obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions that such Business Combination is fair to the Company’s shareholders from a financial point of view.

 

	
4.

	
None of the undersigned, any member of the family of any of the undersigned, or any affiliate of the undersigned will be entitled to receive and will not accept any compensation or other cash payment prior to, or for services rendered in order to effectuate, the consummation of the Business Combination; provided that the Company shall be allowed to make the payments set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The Offering—Limited payments to insiders.”

 

	
5.

	
In the event of the liquidation of the Trust Fund, the undersigned agrees to indemnify and hold harmless the Company against any and all loss, liability, claims, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened, or any claim whatsoever) which the Company may become subject as a result of any claim by any target business or vendor or other person who is owed money by the Company for services rendered or products sold or contracted for, but only to the extent necessary to ensure that such loss, liability, claim, damage or expense does not reduce the amount of funds in the Trust Fund; provided that such indemnity shall not apply (i) if such target business, vendor or other person has executed an agreement waiving any claims against the Trust Fund or (ii) as to any claims under the Company’s obligations to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act.

 

		
(a)

	
The undersigned agrees that the Founder Shares may not be transferred, assigned or sold (except to certain permitted transferees as described in the Registration Statement or herein) (the “Lockup”) until the earlier to occur of: (1) six (6) months after the completion of a Business Combination or (2) the date following the completion of the Company’s initial Business Combination on which the Company completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the right to exchange their shares of Common Stock for cash, securities or other property. Notwithstanding the foregoing, if the closing price of the Company’s Common Stock equals or exceeds $12.50 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing after the Company’s initial Business Combination, 50% of the Founder Shares will be released from the Lockup.

 

		
(b)

	
The undersigned will not, without the prior written consent of the Representatives pursuant to the Underwriting Agreement, offer, sell, contract to sell, pledge, hedge or otherwise dispose of (or enter into any transaction that is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the undersigned or any affiliate of the undersigned or any person in privity with the undersigned or any affiliate of the undersigned), directly or indirectly, including the filing (or participation in the filing) of a registration statement with the Securities and Exchange Commission in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Securities and Exchange Commission promulgated thereunder with respect to, any other Units, Common Stock or Warrants of the Company or any securities convertible into, or exercisable, or exchangeable for, shares of Common Stock or publicly announce an intention to effect any such transaction, for a period of 180 days after the date of the Underwriting Agreement.

 

14

 

		
(c)

	
The undersigned agrees that until the Company consummates an initial Business Combination, the undersigned’s Private Placement Units will be subject to the transfer restrictions described in the Subscription Agreement, dated as of [●], 2020, by and between the Insiders and the Company relating to the undersigned’s Private Placement Units.

 

		
(d)

	
Notwithstanding the provisions set forth in paragraphs 5(a) and (c), transfers, assignments and sales (a “Transfer”) by the undersigned of the Founder Shares, Private Placement Units and Common Stock issued or issuable upon the exercise of the Private Placement Units or conversion of the Founder Shares are permitted if the Transfer (i) is among the insiders, to the Company’s officers, directors, advisors or employees; (ii) is to an Insider’s affiliates or its members upon liquidation; (iii) is to relatives and trusts for estate planning purposes; (iv) is by virtue of the law of descent and distribution upon death; (v) is pursuant to a qualified domestic relations order; (vi) involves a private sale made at a price no greater than the price at which the Founder Shares, Private Placement Units or Common Stock were originally purchased; or (vii) is to the Company for cancellation in connection with the consummation of the Business Combination, in each case (except for clause (vii)) where the transferee agrees to the terms of the escrow agreement and forfeiture, as the case may be, as well as the other applicable restrictions and agreements of the holders of the Founder Shares.

 

		
(e)

	
The undersigned acknowledges and agrees that if, in order to consummate any Business Combination, the holders of Founder Shares or Private Placement Units are required to contribute back to the capital of the Company a portion of any such securities to be cancelled by the Company or transfer any such securities to third parties, the undersigned will contribute back to the capital of the Company or transfer to such third parties, at no cost, a proportionate number of Founder Shares or Private Placement Units, as applicable, pro rata with the other holders of Founder Shares or Private Placement Units, as applicable.

 

	
6.

	
 

 

		
(a)

	
In order to minimize potential conflicts of interest that may arise from multiple corporate affiliations, the undersigned hereby agrees that until the earliest of the Company’s initial Business Combination or liquidation, the undersigned shall present to the Company for its consideration, prior to presentation to any other entity, any target business that has a fair market value of at least 80% of the assets held in the Trust Account (excluding the amount of deferred underwriting discounts held in trust and taxes payable on the interest earned on the trust account), subject to any existing or future fiduciary or contractual obligations the undersigned might have.

 

		
(b)

	
The undersigned hereby agrees and acknowledges that (i) the Representatives and the Company would be irreparably injured in the event of a breach of the obligations under paragraph 6(a) above, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of such breach.

 

	
7.

	
The undersigned represents and warrants that:

 

		
(a)

	
He or she is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction;

 

		
(b)

	
He or she has never been convicted of or pleaded guilty to any crime (i) involving any fraud or (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and he is not currently a defendant in any such criminal proceeding; and

 

15

 

		
(c)

	
he or she has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended or revoked.

 

	
8.

	
The undersigned has full right and power, without violating any agreement by which he or she is bound, to enter into this Letter Agreement and to serve as a director or officer of the Company, as applicable.

 

	
9.

	
The undersigned hereby waives his or her right to exercise conversion/redemption rights with respect to any of the Company’s Common Stock owned or to be owned by the undersigned, directly or indirectly, whether such shares be part of the Founder Shares or IPO Shares, and agrees that he or she will not seek conversion/redemption with respect to such shares (or sell such shares to the Company in any tender offer) in connection with any vote to approve a Business Combination or any amendment to the Charter.

 

	
10.

	
The undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article Sixth of the Charter prior to the consummation of a Business Combination unless the Company provides public shareholders with the opportunity to convert/redeem their IPO Shares upon such approval in accordance with such Article Sixth thereof.

 

	
11.

	
Intentionally Omitted.

 

	
12.

	
This Letter Agreement shall be governed by and construed and enforced in accordance with 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 undersigned hereby (i) agrees that any action, proceeding or claim against him arising out of or relating in any way to this Letter Agreement shall be brought and enforced in the courts of the State of New York of the United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.

 

	
13.

	
As used herein, (i) a “Business Combination” shall mean a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities; (ii) “Insiders” shall mean all officers, directors and sponsors of the Company immediately prior to the IPO; (iii) “Founder Shares” shall mean the 2,156,250 shares of Common Stock of the Company acquired by Insiders prior to the IPO; (iv) “IPO Shares” shall mean the shares of Common Stock issued in the Company’s IPO; (v) “Private Placement Units” and “Private Placement Shares” shall mean the units and underlying shares of Common Stock, respectively, that are being sold privately by the Company simultaneously with the consummation of the IPO; (vi) “Trust Account” shall mean the trust account into which the net proceeds of the Company’s IPO and a portion of the proceeds from the sale of the Private Placement Units will be deposited; and (vii) “Registration Statement” means the Company’s registration statement on Form S-1 (SEC File No. 333-236852) filed with the Securities and Exchange Commission, as amended.

 

	
14.

	
This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed by all parties hereto.

 

	
15.

	
The undersigned acknowledges and understands that the Representatives and the Company will rely upon the agreements, representations and warranties set forth herein in proceeding with the IPO. Nothing contained herein shall be deemed to render the Representatives a representative of, or a fiduciary with respect to, the Company, its shareholders or any creditor or vendor of the Company with respect to the subject matter hereof.

 

16

 

	
16.

	
This Letter Agreement shall be binding on the undersigned and such person’s respective successors, heirs, personal representatives and assigns. This Letter Agreement shall terminate on the earlier of (i) the consummation of a Business Combination and (ii) the liquidation of the Company; provided that such termination shall not relieve the undersigned from liability for any breach of this agreement prior to its termination. The parties hereto may not assign either this Letter Agreement or any of their rights, interests, or obligations hereunder without the prior written consent of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee.

 

[Signature Page Follows]

 

17

 

	 	Sincerely,
	 	 
	 		/s/
Kevin Harris 

	 	 	Kevin Harris
	 	 	 

 

 

	
 

	

Acknowledged and Agreed:

	
 

	
Roth CH Acquisition I Co.

	
 

	
By:

	
/s/ Byron Roth

	
 

	
 

	
Name: Byron Roth

	
 

	
 

	
Title:   Chief Executive Officer

 

 

 

 

May 4, 2020

 

Roth CH Acquisition I Co.
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Roth Capital Partners, LLC
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Craig-Hallum Capital Group LLC
222 South Ninth Street, Suite 350
Minneapolis, MN 55402

 

Re: Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (the “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between Roth CH Acquisition I Co., a Delaware corporation (the “Company”) and Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC (the “Representatives”), relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”), each Unit comprised of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”), and one-half of one redeemable warrant, each whole warrant exercisable for one share of Common Stock (each, a “Warrant”). Certain capitalized terms used herein are defined in paragraph 13 hereof.

 

In order to induce the Company and the Representatives to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

	
1.

	
If the Company solicits approval of its shareholders of a Business Combination, the undersigned will vote all shares beneficially owned by him or her, whether acquired before, in or after the IPO, in favor of such Business Combination.

 

	
2.

	
In the event that the Company fails to consummate a Business Combination within the time period set forth in the Company’s amended and restated certificate of incorporation, as the same may be further amended from time to time (the “Charter”), the undersigned will, as promptly as possible, take all necessary actions to cause the Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible, but not more than 10 business days thereafter, redeem the IPO Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the Trust Account not previously released to the Company (less taxes payable), divided by the number of then outstanding IPO Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and liquidate, subject in the cases of clauses (ii) and (iii) to the Company’s obligations under Delaware law to provide for claims of creditors and other requirements of applicable law. The undersigned hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Account (“Claim”) and any remaining net assets of the Company as a result of such liquidation with respect to the Founder Shares and Private Placement Shares owned by the undersigned and hereby waives any Claim the undersigned may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever. However, if any of the undersigned have acquired IPO Shares in or after the IPO, they will be entitled to liquidating distributions from the Trust Account with respect to such IPO Shares in the event that the Company fails to consummate a Business Combination within the time period set forth in the Charter. The undersigned acknowledges and agrees that there will be no distribution from the Trust Account with respect to any Warrants, all rights of which will terminate on the Company’s liquidation.

 

 

 

	
3.

	
The undersigned acknowledges and agrees that prior to entering into a definitive agreement for a Business Combination with a target business that is affiliated with the undersigned or any other Insiders of the Company or their affiliates, such transaction must be approved by a majority of the Company’s disinterested independent directors and the Company must obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions that such Business Combination is fair to the Company’s shareholders from a financial point of view.

 

	
4.

	
None of the undersigned, any member of the family of any of the undersigned, or any affiliate of the undersigned will be entitled to receive and will not accept any compensation or other cash payment prior to, or for services rendered in order to effectuate, the consummation of the Business Combination; provided that the Company shall be allowed to make the payments set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The Offering—Limited payments to insiders.”

 

	
5.

	
In the event of the liquidation of the Trust Fund, the undersigned agrees to indemnify and hold harmless the Company against any and all loss, liability, claims, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened, or any claim whatsoever) which the Company may become subject as a result of any claim by any target business or vendor or other person who is owed money by the Company for services rendered or products sold or contracted for, but only to the extent necessary to ensure that such loss, liability, claim, damage or expense does not reduce the amount of funds in the Trust Fund; provided that such indemnity shall not apply (i) if such target business, vendor or other person has executed an agreement waiving any claims against the Trust Fund or (ii) as to any claims under the Company’s obligations to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act.

 

		
(a)

	
The undersigned agrees that the Founder Shares may not be transferred, assigned or sold (except to certain permitted transferees as described in the Registration Statement or herein) (the “Lockup”) until the earlier to occur of: (1) six (6) months after the completion of a Business Combination or (2) the date following the completion of the Company’s initial Business Combination on which the Company completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the right to exchange their shares of Common Stock for cash, securities or other property. Notwithstanding the foregoing, if the closing price of the Company’s Common Stock equals or exceeds $12.50 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing after the Company’s initial Business Combination, 50% of the Founder Shares will be released from the Lockup.

 

		
(b)

	
The undersigned will not, without the prior written consent of the Representatives pursuant to the Underwriting Agreement, offer, sell, contract to sell, pledge, hedge or otherwise dispose of (or enter into any transaction that is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the undersigned or any affiliate of the undersigned or any person in privity with the undersigned or any affiliate of the undersigned), directly or indirectly, including the filing (or participation in the filing) of a registration statement with the Securities and Exchange Commission in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Securities and Exchange Commission promulgated thereunder with respect to, any other Units, Common Stock or Warrants of the Company or any securities convertible into, or exercisable, or exchangeable for, shares of Common Stock or publicly announce an intention to effect any such transaction, for a period of 180 days after the date of the Underwriting Agreement.

 

18

 

		
(c)

	
The undersigned agrees that until the Company consummates an initial Business Combination, the undersigned’s Private Placement Units will be subject to the transfer restrictions described in the Subscription Agreement, dated as of [●], 2020, by and between the Insiders and the Company relating to the undersigned’s Private Placement Units.

 

		
(d)

	
Notwithstanding the provisions set forth in paragraphs 5(a) and (c), transfers, assignments and sales (a “Transfer”) by the undersigned of the Founder Shares, Private Placement Units and Common Stock issued or issuable upon the exercise of the Private Placement Units or conversion of the Founder Shares are permitted if the Transfer (i) is among the insiders, to the Company’s officers, directors, advisors or employees; (ii) is to an Insider’s affiliates or its members upon liquidation; (iii) is to relatives and trusts for estate planning purposes; (iv) is by virtue of the law of descent and distribution upon death; (v) is pursuant to a qualified domestic relations order; (vi) involves a private sale made at a price no greater than the price at which the Founder Shares, Private Placement Units or Common Stock were originally purchased; or (vii) is to the Company for cancellation in connection with the consummation of the Business Combination, in each case (except for clause (vii)) where the transferee agrees to the terms of the escrow agreement and forfeiture, as the case may be, as well as the other applicable restrictions and agreements of the holders of the Founder Shares.

 

		
(e)

	
The undersigned acknowledges and agrees that if, in order to consummate any Business Combination, the holders of Founder Shares or Private Placement Units are required to contribute back to the capital of the Company a portion of any such securities to be cancelled by the Company or transfer any such securities to third parties, the undersigned will contribute back to the capital of the Company or transfer to such third parties, at no cost, a proportionate number of Founder Shares or Private Placement Units, as applicable, pro rata with the other holders of Founder Shares or Private Placement Units, as applicable.

 

	
6.

	
 

 

		
(a)

	
In order to minimize potential conflicts of interest that may arise from multiple corporate affiliations, the undersigned hereby agrees that until the earliest of the Company’s initial Business Combination or liquidation, the undersigned shall present to the Company for its consideration, prior to presentation to any other entity, any target business that has a fair market value of at least 80% of the assets held in the Trust Account (excluding the amount of deferred underwriting discounts held in trust and taxes payable on the interest earned on the trust account), subject to any existing or future fiduciary or contractual obligations the undersigned might have.

 

		
(b)

	
The undersigned hereby agrees and acknowledges that (i) the Representatives and the Company would be irreparably injured in the event of a breach of the obligations under paragraph 6(a) above, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of such breach.

 

	
7.

	
The undersigned agrees to be a director of the Company, until the earlier of the consummation by the Company of an initial Business Combination or the liquidation of the Company. The undersigned’s biographical information previously furnished to the Company and the Representative is true and accurate in all material respects, does not omit any material information with respect to the undersigned’s background and contains all of the information required to be disclosed pursuant to Item 401 of Regulation S-K, promulgated under the Securities Act of 1933, as amended. The undersigned’s FINRA Questionnaire previously furnished to the Company and the Representative is true and accurate in all material respects. The undersigned represents and warrants that:

 

		
(a)

	
He or she is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction;

 

19

 

		
(b)

	
He or she has never been convicted of or pleaded guilty to any crime (i) involving any fraud or (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and he is not currently a defendant in any such criminal proceeding; and

 

		
(c)

	
he or she has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended or revoked.

 

	
8.

	
The undersigned has full right and power, without violating any agreement by which he or she is bound, to enter into this Letter Agreement and to serve as a director or officer of the Company, as applicable.

 

	
9.

	
The undersigned hereby waives his or her right to exercise conversion/redemption rights with respect to any of the Company’s Common Stock owned or to be owned by the undersigned, directly or indirectly, whether such shares be part of the Founder Shares or IPO Shares, and agrees that he or she will not seek conversion/redemption with respect to such shares (or sell such shares to the Company in any tender offer) in connection with any vote to approve a Business Combination or any amendment to the Charter.

 

	
10.

	
The undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article Sixth of the Charter prior to the consummation of a Business Combination unless the Company provides public shareholders with the opportunity to convert/redeem their IPO Shares upon such approval in accordance with such Article Sixth thereof.

 

	
11.

	
Intentionally Omitted.

 

	
12.

	
This Letter Agreement shall be governed by and construed and enforced in accordance with 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 undersigned hereby (i) agrees that any action, proceeding or claim against him arising out of or relating in any way to this Letter Agreement shall be brought and enforced in the courts of the State of New York of the United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.

 

	
13.

	
As used herein, (i) a “Business Combination” shall mean a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities; (ii) “Insiders” shall mean all officers, directors and sponsors of the Company immediately prior to the IPO; (iii) “Founder Shares” shall mean the 2,156,250 shares of Common Stock of the Company acquired by Insiders prior to the IPO; (iv) “IPO Shares” shall mean the shares of Common Stock issued in the Company’s IPO; (v) “Private Placement Units” and “Private Placement Shares” shall mean the units and underlying shares of Common Stock, respectively, that are being sold privately by the Company simultaneously with the consummation of the IPO; (vi) “Trust Account” shall mean the trust account into which the net proceeds of the Company’s IPO and a portion of the proceeds from the sale of the Private Placement Units will be deposited; and (vii) “Registration Statement” means the Company’s registration statement on Form S-1 (SEC File No. 333-236852) filed with the Securities and Exchange Commission, as amended.

 

	
14.

	
This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed by all parties hereto.

 

	
15.

	
The undersigned acknowledges and understands that the Representatives and the Company will rely upon the agreements, representations and warranties set forth herein in proceeding with the IPO. Nothing contained herein shall be deemed to render the Representatives a representative of, or a fiduciary with respect to, the Company, its shareholders or any creditor or vendor of the Company with respect to the subject matter hereof.

 

20

 

	
16.

	
This Letter Agreement shall be binding on the undersigned and such person’s respective successors, heirs, personal representatives and assigns. This Letter Agreement shall terminate on the earlier of (i) the consummation of a Business Combination and (ii) the liquidation of the Company; provided that such termination shall not relieve the undersigned from liability for any breach of this agreement prior to its termination. The parties hereto may not assign either this Letter Agreement or any of their rights, interests, or obligations hereunder without the prior written consent of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee.

 

[Signature Page Follows]

 

21

 

	
 

	
Sincerely,

	 	 
	
 

	
 

	

/s/ Molly Hemmeter

	
 

	
 

	
Molly Hemmeter

 

 

 

	
 

	
Acknowledged and Agreed:

	
 

	
Roth CH Acquisition I Co.

	
 

	
By:

	
/s/ Byron Roth

	
 

	
 

	
Name: Byron Roth

	
 

	
 

	
Title:   Chief Executive Officer

 

 

 

 

May 4, 2020

 

Roth CH Acquisition I Co.
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Roth Capital Partners, LLC
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660

 

Craig-Hallum Capital Group LLC
222 South Ninth Street, Suite 350
Minneapolis, MN 55402

 

Re: Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (the “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between Roth CH Acquisition I Co., a Delaware corporation (the “Company”) and Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC (the “Representatives”), relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”), each Unit comprised of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”), and one-half of one redeemable warrant, each whole warrant exercisable for one share of Common Stock (each, a “Warrant”). Certain capitalized terms used herein are defined in paragraph 13 hereof.

 

In order to induce the Company and the Representatives to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

	
1.

	
If the Company solicits approval of its shareholders of a Business Combination, the undersigned will vote all shares beneficially owned by him or her, whether acquired before, in or after the IPO, in favor of such Business Combination.

 

	
2.

	
In the event that the Company fails to consummate a Business Combination within the time period set forth in the Company’s amended and restated certificate of incorporation, as the same may be further amended from time to time (the “Charter”), the undersigned will, as promptly as possible, take all necessary actions to cause the Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible, but not more than 10 business days thereafter, redeem the IPO Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the Trust Account not previously released to the Company (less taxes payable), divided by the number of then outstanding IPO Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and liquidate, subject in the cases of clauses (ii) and (iii) to the Company’s obligations under Delaware law to provide for claims of creditors and other requirements of applicable law. The undersigned hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Account (“Claim”) and any remaining net assets of the Company as a result of such liquidation with respect to the Founder Shares and Private Placement Shares owned by the undersigned and hereby waives any Claim the undersigned may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever. However, if any of the undersigned have acquired IPO Shares in or after the IPO, they will be entitled to liquidating distributions from the Trust Account with respect to such IPO Shares in the event that the Company fails to consummate a Business Combination within the time period set forth in the Charter. The undersigned acknowledges and agrees that there will be no distribution from the Trust Account with respect to any Warrants, all rights of which will terminate on the Company’s liquidation.

 

 

 

	
3.

	
The undersigned acknowledges and agrees that prior to entering into a definitive agreement for a Business Combination with a target business that is affiliated with the undersigned or any other Insiders of the Company or their affiliates, such transaction must be approved by a majority of the Company’s disinterested independent directors and the Company must obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions that such Business Combination is fair to the Company’s shareholders from a financial point of view.

 

	
4.

	
None of the undersigned, any member of the family of any of the undersigned, or any affiliate of the undersigned will be entitled to receive and will not accept any compensation or other cash payment prior to, or for services rendered in order to effectuate, the consummation of the Business Combination; provided that the Company shall be allowed to make the payments set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The Offering—Limited payments to insiders.”

 

	
5.

	
In the event of the liquidation of the Trust Fund, the undersigned agrees to indemnify and hold harmless the Company against any and all loss, liability, claims, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened, or any claim whatsoever) which the Company may become subject as a result of any claim by any target business or vendor or other person who is owed money by the Company for services rendered or products sold or contracted for, but only to the extent necessary to ensure that such loss, liability, claim, damage or expense does not reduce the amount of funds in the Trust Fund; provided that such indemnity shall not apply (i) if such target business, vendor or other person has executed an agreement waiving any claims against the Trust Fund or (ii) as to any claims under the Company’s obligations to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act.

 

		
(a)

	
The undersigned agrees that the Founder Shares may not be transferred, assigned or sold (except to certain permitted transferees as described in the Registration Statement or herein) (the “Lockup”) until the earlier to occur of: (1) six (6) months after the completion of a Business Combination or (2) the date following the completion of the Company’s initial Business Combination on which the Company completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the right to exchange their shares of Common Stock for cash, securities or other property. Notwithstanding the foregoing, if the closing price of the Company’s Common Stock equals or exceeds $12.50 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing after the Company’s initial Business Combination, 50% of the Founder Shares will be released from the Lockup.

 

		
(b)

	
The undersigned will not, without the prior written consent of the Representatives pursuant to the Underwriting Agreement, offer, sell, contract to sell, pledge, hedge or otherwise dispose of (or enter into any transaction that is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the undersigned or any affiliate of the undersigned or any person in privity with the undersigned or any affiliate of the undersigned), directly or indirectly, including the filing (or participation in the filing) of a registration statement with the Securities and Exchange Commission in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Securities and Exchange Commission promulgated thereunder with respect to, any other Units, Common Stock or Warrants of the Company or any securities convertible into, or exercisable, or exchangeable for, shares of Common Stock or publicly announce an intention to effect any such transaction, for a period of 180 days after the date of the Underwriting Agreement.

 

22

 

		
(c)

	
The undersigned agrees that until the Company consummates an initial Business Combination, the undersigned’s Private Placement Units will be subject to the transfer restrictions described in the Subscription Agreement, dated as of [●], 2020, by and between the Insiders and the Company relating to the undersigned’s Private Placement Units.

 

		
(d)

	
Notwithstanding the provisions set forth in paragraphs 5(a) and (c), transfers, assignments and sales (a “Transfer”) by the undersigned of the Founder Shares, Private Placement Units and Common Stock issued or issuable upon the exercise of the Private Placement Units or conversion of the Founder Shares are permitted if the Transfer (i) is among the insiders, to the Company’s officers, directors, advisors or employees; (ii) is to an Insider’s affiliates or its members upon liquidation; (iii) is to relatives and trusts for estate planning purposes; (iv) is by virtue of the law of descent and distribution upon death; (v) is pursuant to a qualified domestic relations order; (vi) involves a private sale made at a price no greater than the price at which the Founder Shares, Private Placement Units or Common Stock were originally purchased; or (vii) is to the Company for cancellation in connection with the consummation of the Business Combination, in each case (except for clause (vii)) where the transferee agrees to the terms of the escrow agreement and forfeiture, as the case may be, as well as the other applicable restrictions and agreements of the holders of the Founder Shares.

 

		
(e)

	
The undersigned acknowledges and agrees that if, in order to consummate any Business Combination, the holders of Founder Shares or Private Placement Units are required to contribute back to the capital of the Company a portion of any such securities to be cancelled by the Company or transfer any such securities to third parties, the undersigned will contribute back to the capital of the Company or transfer to such third parties, at no cost, a proportionate number of Founder Shares or Private Placement Units, as applicable, pro rata with the other holders of Founder Shares or Private Placement Units, as applicable.

 

	
6.

	
 

 

		
(a)

	
In order to minimize potential conflicts of interest that may arise from multiple corporate affiliations, the undersigned hereby agrees that until the earliest of the Company’s initial Business Combination or liquidation, the undersigned shall present to the Company for its consideration, prior to presentation to any other entity, any target business that has a fair market value of at least 80% of the assets held in the Trust Account (excluding the amount of deferred underwriting discounts held in trust and taxes payable on the interest earned on the trust account), subject to any existing or future fiduciary or contractual obligations the undersigned might have.

 

		
(b)

	
The undersigned hereby agrees and acknowledges that (i) the Representatives and the Company would be irreparably injured in the event of a breach of the obligations under paragraph 6(a) above, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of such breach.

 

	
7.

	
The undersigned represents and warrants that:

 

		
(a)

	
He or she is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction;

 

		
(b)

	
He or she has never been convicted of or pleaded guilty to any crime (i) involving any fraud or (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and he is not currently a defendant in any such criminal proceeding; and

 

23

 

		
(c)

	
he or she has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended or revoked.

 

	
8.

	
The undersigned has full right and power, without violating any agreement by which he or she is bound, to enter into this Letter Agreement and to serve as a director or officer of the Company, as applicable.

 

	
9.

	
The undersigned hereby waives his or her right to exercise conversion/redemption rights with respect to any of the Company’s Common Stock owned or to be owned by the undersigned, directly or indirectly, whether such shares be part of the Founder Shares or IPO Shares, and agrees that he or she will not seek conversion/redemption with respect to such shares (or sell such shares to the Company in any tender offer) in connection with any vote to approve a Business Combination or any amendment to the Charter.

 

	
10.

	
The undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article Sixth of the Charter prior to the consummation of a Business Combination unless the Company provides public shareholders with the opportunity to convert/redeem their IPO Shares upon such approval in accordance with such Article Sixth thereof.

 

	
11.

	
Intentionally Omitted.

 

	
12.

	
This Letter Agreement shall be governed by and construed and enforced in accordance with 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 undersigned hereby (i) agrees that any action, proceeding or claim against him arising out of or relating in any way to this Letter Agreement shall be brought and enforced in the courts of the State of New York of the United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.

 

	
13.

	
As used herein, (i) a “Business Combination” shall mean a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities; (ii) “Insiders” shall mean all officers, directors and sponsors of the Company immediately prior to the IPO; (iii) “Founder Shares” shall mean the 2,156,250 shares of Common Stock of the Company acquired by Insiders prior to the IPO; (iv) “IPO Shares” shall mean the shares of Common Stock issued in the Company’s IPO; (v) “Private Placement Units” and “Private Placement Shares” shall mean the units and underlying shares of Common Stock, respectively, that are being sold privately by the Company simultaneously with the consummation of the IPO; (vi) “Trust Account” shall mean the trust account into which the net proceeds of the Company’s IPO and a portion of the proceeds from the sale of the Private Placement Units will be deposited; and (vii) “Registration Statement” means the Company’s registration statement on Form S-1 (SEC File No. 333-236852) filed with the Securities and Exchange Commission, as amended.

 

	
14.

	
This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed by all parties hereto.

 

	
15.

	
The undersigned acknowledges and understands that the Representatives and the Company will rely upon the agreements, representations and warranties set forth herein in proceeding with the IPO. Nothing contained herein shall be deemed to render the Representatives a representative of, or a fiduciary with respect to, the Company, its shareholders or any creditor or vendor of the Company with respect to the subject matter hereof.

 

24

 

	
16.

	
This Letter Agreement shall be binding on the undersigned and such person’s respective successors, heirs, personal representatives and assigns. This Letter Agreement shall terminate on the earlier of (i) the consummation of a Business Combination and (ii) the liquidation of the Company; provided that such termination shall not relieve the undersigned from liability for any breach of this agreement prior to its termination. The parties hereto may not assign either this Letter Agreement or any of their rights, interests, or obligations hereunder without the prior written consent of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee.

 

[Signature Page Follows]

 

25

 

	
 

	
Sincerely,

	 	 
	
 

	
 

	
/s/ Michael Malouf

	
 

	
 

	
Michael Malouf

 

 

 

	
 

	
Acknowledged and Agreed:

	
 

	
Roth CH Acquisition I Co.

	
 

	
By:

	
/s/ Byron Roth

	
 

	
 

	
Name: Byron Roth

	
 

	
 

	
Title:   Chief Executive Officer

 

 

 

 

May
4, 2020

 

Roth
CH Acquisition I Co.

888 San Clemente Drive, Suite 400

Newport Beach, CA 92660

 

Roth
Capital Partners, LLC

888 San Clemente Drive, Suite 400

Newport Beach, CA 92660

 

Craig-Hallum
Capital Group LLC

222 South Ninth Street, Suite 350

Minneapolis, MN 55402

 

Re:
Initial Public Offering

 

Ladies
and Gentlemen:

 

This
letter (the “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement
(the “Underwriting Agreement”) entered into by and between Roth CH Acquisition I Co., a Delaware corporation
(the “Company”) and Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC (the “Representatives”),
relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”),
each Unit comprised of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”),
and one-half of one redeemable warrant, each whole warrant exercisable for one share of Common Stock (each, a “Warrant”).
Certain capitalized terms used herein are defined in paragraph 13 hereof.

 

In
order to induce the Company and the Representatives to enter into the Underwriting Agreement and to proceed with the IPO, and
in recognition of the benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

		1.	If
                                         the Company solicits approval of its shareholders of a Business Combination, the undersigned
                                         will vote all shares beneficially owned by him or her, whether acquired before, in or
                                         after the IPO, in favor of such Business Combination.

 

		2.	In
                                         the event that the Company fails to consummate a Business Combination within the time
                                         period set forth in the Company’s amended and restated certificate of incorporation,
                                         as the same may be further amended from time to time (the “Charter”),
                                         the undersigned will, as promptly as possible, take all necessary actions to cause the
                                         Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly
                                         as reasonably possible, but not more than 10 business days thereafter, redeem the IPO
                                         Shares, at a per-share price, payable in cash, equal to the aggregate amount then on
                                         deposit in the Trust Account, including interest earned on the Trust Account not previously
                                         released to the Company (less taxes payable), divided by the number of then outstanding
                                         IPO Shares, which redemption will completely extinguish public shareholders’ rights
                                         as shareholders (including the right to receive further liquidation distributions, if
                                         any), and (iii) as promptly as reasonably possible following such redemption, subject
                                         to the approval of the Company’s remaining shareholders and the Company’s
                                         board of directors, dissolve and liquidate, subject in the cases of clauses (ii) and
                                         (iii) to the Company’s obligations under Delaware law to provide for claims of
                                         creditors and other requirements of applicable law. The undersigned hereby waives any
                                         and all right, title, interest or claim of any kind in or to any distribution of the
                                         Trust Account (“Claim”) and any remaining net assets of the
                                         Company as a result of such liquidation with respect to the Founder Shares and Private
                                         Placement Shares owned by the undersigned and hereby waives any Claim the undersigned
                                         may have in the future as a result of, or arising out of, any contracts or agreements
                                         with the Company and will not seek recourse against the Trust Account for any reason
                                         whatsoever. However, if any of the undersigned have acquired IPO Shares in or after the
                                         IPO, they will be entitled to liquidating distributions from the Trust Account with respect
                                         to such IPO Shares in the event that the Company fails to consummate a Business Combination
                                         within the time period set forth in the Charter. The undersigned acknowledges and agrees
                                         that there will be no distribution from the Trust Account with respect to any Warrants,
                                         all rights of which will terminate on the Company’s liquidation.

 

     

     

    

 

		3.	The
                                         undersigned acknowledges and agrees that prior to entering into a definitive agreement
                                         for a Business Combination with a target business that is affiliated with the undersigned
                                         or any other Insiders of the Company or their affiliates, such transaction must be approved
                                         by a majority of the Company’s disinterested independent directors and the Company
                                         must obtain an opinion from an independent investment banking firm or another independent
                                         entity that commonly renders valuation opinions that such Business Combination is fair
                                         to the Company’s shareholders from a financial point of view.

 

		4.	None
                                         of the undersigned, any member of the family of any of the undersigned, or any affiliate
                                         of the undersigned will be entitled to receive and will not accept any compensation or
                                         other cash payment prior to, or for services rendered in order to effectuate, the consummation
                                         of the Business Combination; provided that the Company shall be allowed to make the payments
                                         set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The
                                         Offering—Limited payments to insiders.”

 

		5.	In
                                         the event of the liquidation of the Trust Fund, the undersigned agrees to indemnify and
                                         hold harmless the Company against any and all loss, liability, claims, damage and expense
                                         whatsoever (including, but not limited to, any and all legal or other expenses reasonably
                                         incurred in investigating, preparing or defending against any litigation, whether pending
                                         or threatened, or any claim whatsoever) which the Company may become subject as a result
                                         of any claim by any target business or vendor or other person who is owed money by the
                                         Company for services rendered or products sold or contracted for, but only to the extent
                                         necessary to ensure that such loss, liability, claim, damage or expense does not reduce
                                         the amount of funds in the Trust Fund; provided that such indemnity shall not
                                         apply (i) if such target business, vendor or other person has executed an agreement waiving
                                         any claims against the Trust Fund or (ii) as to any claims under the Company’s
                                         obligations to indemnify the Underwriters against certain liabilities, including liabilities
                                         under the Securities Act.

 

		(a)	The
                                         undersigned agrees that the Founder Shares may not be transferred, assigned or sold (except
                                         to certain permitted transferees as described in the Registration Statement or herein)
                                         (the “Lockup”) until the earlier to occur of: (1) six (6) months
                                         after the completion of a Business Combination or (2) the date following the completion
                                         of the Company’s initial Business Combination on which the Company completes a
                                         liquidation, merger, share exchange, reorganization or other similar transaction that
                                         results in all of the Company’s shareholders having the right to exchange their
                                         shares of Common Stock for cash, securities or other property. Notwithstanding the foregoing,
                                         if the closing price of the Company’s Common Stock equals or exceeds $12.50 per
                                         share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations
                                         and the like) for any 20 trading days within any 30-trading day period commencing after
                                         the Company’s initial Business Combination, 50% of the Founder Shares will be released
                                         from the Lockup.

 

		(b)	The
                                         undersigned will not, without the prior written consent of the Representatives pursuant
                                         to the Underwriting Agreement, offer, sell, contract to sell, pledge, hedge or otherwise
                                         dispose of (or enter into any transaction that is designed to, or might reasonably be
                                         expected to, result in the disposition (whether by actual disposition or effective economic
                                         disposition due to cash settlement or otherwise) by the undersigned or any affiliate
                                         of the undersigned or any person in privity with the undersigned or any affiliate of
                                         the undersigned), directly or indirectly, including the filing (or participation in the
                                         filing) of a registration statement with the Securities and Exchange Commission in respect
                                         of, or establish or increase a put equivalent position or liquidate or decrease a call
                                         equivalent position within the meaning of Section 16 of the Securities Exchange Act of
                                         1934, as amended, and the rules and regulations of the Securities and Exchange Commission
                                         promulgated thereunder with respect to, any other Units, Common Stock or Warrants of
                                         the Company or any securities convertible into, or exercisable, or exchangeable for,
                                         shares of Common Stock or publicly announce an intention to effect any such transaction,
                                         for a period of 180 days after the date of the Underwriting Agreement.

 

    2

     

    

 

		(c)	The
                                         undersigned agrees that until the Company consummates an initial Business Combination,
                                         the undersigned’s Private Placement Units will be subject to the transfer restrictions
                                         described in the Subscription Agreement, dated as of [•], 2020, by and between the
                                         Insiders and the Company relating to the undersigned’s Private Placement Units.

 

		(d)	Notwithstanding
                                         the provisions set forth in paragraphs 5(a) and (c), transfers, assignments and sales
                                         (a “Transfer”) by the undersigned of the Founder Shares, Private
                                         Placement Units and Common Stock issued or issuable upon the exercise of the Private
                                         Placement Units or conversion of the Founder Shares are permitted if the Transfer (i)
                                         is among the insiders, to the Company’s officers, directors, advisors or employees;
                                         (ii) is to an Insider’s affiliates or its members upon liquidation; (iii) is to
                                         relatives and trusts for estate planning purposes; (iv) is by virtue of the law of descent
                                         and distribution upon death; (v) is pursuant to a qualified domestic relations order;
                                         (vi) involves a private sale made at a price no greater than the price at which the Founder
                                         Shares, Private Placement Units or Common Stock were originally purchased; or (vii) is
                                         to the Company for cancellation in connection with the consummation of the Business Combination,
                                         in each case (except for clause (vii)) where the transferee agrees to the terms of the
                                         escrow agreement and forfeiture, as the case may be, as well as the other applicable
                                         restrictions and agreements of the holders of the Founder Shares.

 

		(e)	The
                                         undersigned acknowledges and agrees that if, in order to consummate any Business Combination,
                                         the holders of Founder Shares or Private Placement Units are required to contribute back
                                         to the capital of the Company a portion of any such securities to be cancelled by the
                                         Company or transfer any such securities to third parties, the undersigned will contribute
                                         back to the capital of the Company or transfer to such third parties, at no cost, a proportionate
                                         number of Founder Shares or Private Placement Units, as applicable, pro rata with the
                                         other holders of Founder Shares or Private Placement Units, as applicable.

 

		6.	

 

		(a)	In
                                         order to minimize potential conflicts of interest that may arise from multiple corporate
                                         affiliations, the undersigned hereby agrees that until the earliest of the Company’s
                                         initial Business Combination or liquidation, the undersigned shall present to the Company
                                         for its consideration, prior to presentation to any other entity, any target business
                                         that has a fair market value of at least 80% of the assets held in the Trust Account
                                         (excluding the amount of deferred underwriting discounts held in trust and taxes payable
                                         on the interest earned on the trust account), subject to any existing or future fiduciary
                                         or contractual obligations the undersigned might have.

 

		(b)	The
                                         undersigned hereby agrees and acknowledges that (i) the Representatives and the Company
                                         would be irreparably injured in the event of a breach of the obligations under paragraph
                                         6(a) above, (ii) monetary damages may not be an adequate remedy for such breach and (iii)
                                         the non-breaching party shall be entitled to injunctive relief, in addition to any other
                                         remedy that such party may have in law or in equity, in the event of such breach.

 

		7.	The
                                         undersigned agrees to be an officer of the Company, until the earlier of the consummation
                                         by the Company of an initial Business Combination or the liquidation of the Company.
                                         The undersigned’s biographical information previously furnished to the Company
                                         and the Representative is true and accurate in all material respects, does not omit any
                                         material information with respect to the undersigned’s background and contains
                                         all of the information required to be disclosed pursuant to Item 401 of Regulation S-K,
                                         promulgated under the Securities Act of 1933, as amended. The undersigned’s FINRA
                                         Questionnaire previously furnished to the Company and the Representative is true and
                                         accurate in all material respects. The undersigned represents and warrants that:

 

		(a)	He
                                         or she is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist
                                         order or order or stipulation to desist or refrain from any act or practice relating
                                         to the offering of securities in any jurisdiction;

 

    3

     

    

 

		(b)	He
                                         or she has never been convicted of or pleaded guilty to any crime (i) involving any fraud
                                         or (ii) relating to any financial transaction or handling of funds of another person,
                                         or (iii) pertaining to any dealings in any securities and he is not currently a defendant
                                         in any such criminal proceeding; and

 

		(c)	he
                                         or she has never been suspended or expelled from membership in any securities or commodities
                                         exchange or association or had a securities or commodities license or registration denied,
                                         suspended or revoked.

 

		8.	The
                                         undersigned has full right and power, without violating any agreement by which he or
                                         she is bound, to enter into this Letter Agreement and to serve as a director or officer
                                         of the Company, as applicable.

 

		9.	The
                                         undersigned hereby waives his or her right to exercise conversion/redemption rights with
                                         respect to any of the Company’s Common Stock owned or to be owned by the undersigned,
                                         directly or indirectly, whether such shares be part of the Founder Shares or IPO Shares,
                                         and agrees that he or she will not seek conversion/redemption with respect to such shares
                                         (or sell such shares to the Company in any tender offer) in connection with any vote
                                         to approve a Business Combination or any amendment to the Charter.

 

		10.	The
                                         undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article
                                         Sixth of the Charter prior to the consummation of a Business Combination unless the Company
                                         provides public shareholders with the opportunity to convert/redeem their IPO Shares
                                         upon such approval in accordance with such Article Sixth thereof.

 

		11.	Intentionally
                                         Omitted.

 

		12.	This
                                         Letter Agreement shall be governed by and construed and enforced in accordance with 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
                                         undersigned hereby (i) agrees that any action, proceeding or claim against him arising
                                         out of or relating in any way to this Letter Agreement shall be brought and enforced
                                         in the courts of the State of New York of the United States of America for the Southern
                                         District of New York, and irrevocably submits to such jurisdiction, which jurisdiction
                                         shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that
                                         such courts represent an inconvenient forum.

 

		13.	As
                                         used herein, (i) a “Business Combination” shall mean a merger,
                                         share exchange, asset acquisition, stock purchase, recapitalization, reorganization or
                                         other similar business combination with one or more businesses or entities; (ii) “Insiders”
                                         shall mean all officers, directors and sponsors of the Company immediately prior to the
                                         IPO; (iii) “Founder Shares” shall mean the 2,156,250 shares
                                         of Common Stock of the Company acquired by Insiders prior to the IPO; (iv) “IPO
                                         Shares” shall mean the shares of Common Stock issued in the Company’s
                                         IPO; (v) “Private Placement Units” and “Private
                                         Placement Shares” shall mean the units and underlying shares of Common
                                         Stock, respectively, that are being sold privately by the Company simultaneously with
                                         the consummation of the IPO; (vi) “Trust Account” shall mean
                                         the trust account into which the net proceeds of the Company’s IPO and a portion
                                         of the proceeds from the sale of the Private Placement Units will be deposited; and (vii)
                                         “Registration Statement” means the Company’s registration
                                         statement on Form S-1 (SEC File No. 333-236852) filed with the Securities and Exchange
                                         Commission, as amended.

 

		14.	This
                                         Letter Agreement constitutes the entire agreement and understanding of the parties hereto
                                         in respect of the subject matter hereof and supersedes all prior understandings, agreements,
                                         or representations by or among the parties hereto, written or oral, to the extent they
                                         relate in any way to the subject matter hereof or the transactions contemplated hereby.
                                         This Letter Agreement may not be changed, amended, modified or waived (other than to
                                         correct a typographical error) as to any particular provision, except by a written instrument
                                         executed by all parties hereto.

 

		15.	The
                                         undersigned acknowledges and understands that the Representatives and the Company will
                                         rely upon the agreements, representations and warranties set forth herein in proceeding
                                         with the IPO. Nothing contained herein shall be deemed to render the Representatives
                                         a representative of, or a fiduciary with respect to, the Company, its shareholders or
                                         any creditor or vendor of the Company with respect to the subject matter hereof.

 

    4

     

    

 

		16.	This
                                         Letter Agreement shall be binding on the undersigned and such person’s respective
                                         successors, heirs, personal representatives and assigns. This Letter Agreement shall
                                         terminate on the earlier of (i) the consummation of a Business Combination and (ii) the
                                         liquidation of the Company; provided that such termination shall not relieve the undersigned
                                         from liability for any breach of this agreement prior to its termination. The parties
                                         hereto may not assign either this Letter Agreement or any of their rights, interests,
                                         or obligations hereunder without the prior written consent of the other party. Any purported
                                         assignment in violation of this paragraph shall be void and ineffectual and shall not
                                         operate to transfer or assign any interest or title to the purported assignee.

 

[Signature
Page Follows]

 

    5

     

    

	 	 
	 	Sincerely,
	 	 
	 		/s/
Rick Hartfiel 

	 	 	Rick
    Hartfiel
	 	 	 

     

     

    

	 	 
	 	Acknowledged
    and Agreed:
	 	Roth
    CH Acquisition I Co.
	 	By:	/s/
    Byron Roth
	 	 	Name:
    Byron Roth
	 	 	Title:
      Chief Executive Officer

 

     

     

    

 

May
4, 2020

 

Roth
CH Acquisition I Co.

888 San Clemente Drive, Suite 400

Newport Beach, CA 92660

 

Roth
Capital Partners, LLC

888 San Clemente Drive, Suite 400

Newport Beach, CA 92660

 

Craig-Hallum
Capital Group LLC

222 South Ninth Street, Suite 350

Minneapolis, MN 55402

 

Re:
Initial Public Offering

 

Ladies
and Gentlemen:

 

This
letter (the “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement
(the “Underwriting Agreement”) entered into by and between Roth CH Acquisition I Co., a Delaware corporation
(the “Company”) and Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC (the “Representatives”),
relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”),
each Unit comprised of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”),
and one-half of one redeemable warrant, each whole warrant exercisable for one share of Common Stock (each, a “Warrant”).
Certain capitalized terms used herein are defined in paragraph 13 hereof.

 

In
order to induce the Company and the Representatives to enter into the Underwriting Agreement and to proceed with the IPO, and
in recognition of the benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

		1.	If
                                         the Company solicits approval of its shareholders of a Business Combination, the undersigned
                                         will vote all shares beneficially owned by him or her, whether acquired before, in or
                                         after the IPO, in favor of such Business Combination.

 

		2.	In
                                         the event that the Company fails to consummate a Business Combination within the time
                                         period set forth in the Company’s amended and restated certificate of incorporation,
                                         as the same may be further amended from time to time (the “Charter”),
                                         the undersigned will, as promptly as possible, take all necessary actions to cause the
                                         Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly
                                         as reasonably possible, but not more than 10 business days thereafter, redeem the IPO
                                         Shares, at a per-share price, payable in cash, equal to the aggregate amount then on
                                         deposit in the Trust Account, including interest earned on the Trust Account not previously
                                         released to the Company (less taxes payable), divided by the number of then outstanding
                                         IPO Shares, which redemption will completely extinguish public shareholders’ rights
                                         as shareholders (including the right to receive further liquidation distributions, if
                                         any), and (iii) as promptly as reasonably possible following such redemption, subject
                                         to the approval of the Company’s remaining shareholders and the Company’s
                                         board of directors, dissolve and liquidate, subject in the cases of clauses (ii) and
                                         (iii) to the Company’s obligations under Delaware law to provide for claims of
                                         creditors and other requirements of applicable law. The undersigned hereby waives any
                                         and all right, title, interest or claim of any kind in or to any distribution of the
                                         Trust Account (“Claim”) and any remaining net assets of the
                                         Company as a result of such liquidation with respect to the Founder Shares and Private
                                         Placement Shares owned by the undersigned and hereby waives any Claim the undersigned
                                         may have in the future as a result of, or arising out of, any contracts or agreements
                                         with the Company and will not seek recourse against the Trust Account for any reason
                                         whatsoever. However, if any of the undersigned have acquired IPO Shares in or after the
                                         IPO, they will be entitled to liquidating distributions from the Trust Account with respect
                                         to such IPO Shares in the event that the Company fails to consummate a Business Combination
                                         within the time period set forth in the Charter. The undersigned acknowledges and agrees
                                         that there will be no distribution from the Trust Account with respect to any Warrants,
                                         all rights of which will terminate on the Company’s liquidation.

 

     

     

    

 

		3.	The
                                         undersigned acknowledges and agrees that prior to entering into a definitive agreement
                                         for a Business Combination with a target business that is affiliated with the undersigned
                                         or any other Insiders of the Company or their affiliates, such transaction must be approved
                                         by a majority of the Company’s disinterested independent directors and the Company
                                         must obtain an opinion from an independent investment banking firm or another independent
                                         entity that commonly renders valuation opinions that such Business Combination is fair
                                         to the Company’s shareholders from a financial point of view.

 

		4.	None
                                         of the undersigned, any member of the family of any of the undersigned, or any affiliate
                                         of the undersigned will be entitled to receive and will not accept any compensation or
                                         other cash payment prior to, or for services rendered in order to effectuate, the consummation
                                         of the Business Combination; provided that the Company shall be allowed to make the payments
                                         set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The
                                         Offering—Limited payments to insiders.”

 

		5.	In
                                         the event of the liquidation of the Trust Fund, the undersigned agrees to indemnify and
                                         hold harmless the Company against any and all loss, liability, claims, damage and expense
                                         whatsoever (including, but not limited to, any and all legal or other expenses reasonably
                                         incurred in investigating, preparing or defending against any litigation, whether pending
                                         or threatened, or any claim whatsoever) which the Company may become subject as a result
                                         of any claim by any target business or vendor or other person who is owed money by the
                                         Company for services rendered or products sold or contracted for, but only to the extent
                                         necessary to ensure that such loss, liability, claim, damage or expense does not reduce
                                         the amount of funds in the Trust Fund; provided that such indemnity shall not
                                         apply (i) if such target business, vendor or other person has executed an agreement waiving
                                         any claims against the Trust Fund or (ii) as to any claims under the Company’s
                                         obligations to indemnify the Underwriters against certain liabilities, including liabilities
                                         under the Securities Act.

 

		(a)	The
                                         undersigned agrees that the Founder Shares may not be transferred, assigned or sold (except
                                         to certain permitted transferees as described in the Registration Statement or herein)
                                         (the “Lockup”) until the earlier to occur of: (1) six (6) months
                                         after the completion of a Business Combination or (2) the date following the completion
                                         of the Company’s initial Business Combination on which the Company completes a
                                         liquidation, merger, share exchange, reorganization or other similar transaction that
                                         results in all of the Company’s shareholders having the right to exchange their
                                         shares of Common Stock for cash, securities or other property. Notwithstanding the foregoing,
                                         if the closing price of the Company’s Common Stock equals or exceeds $12.50 per
                                         share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations
                                         and the like) for any 20 trading days within any 30-trading day period commencing after
                                         the Company’s initial Business Combination, 50% of the Founder Shares will be released
                                         from the Lockup.

 

		(b)	The
                                         undersigned will not, without the prior written consent of the Representatives pursuant
                                         to the Underwriting Agreement, offer, sell, contract to sell, pledge, hedge or otherwise
                                         dispose of (or enter into any transaction that is designed to, or might reasonably be
                                         expected to, result in the disposition (whether by actual disposition or effective economic
                                         disposition due to cash settlement or otherwise) by the undersigned or any affiliate
                                         of the undersigned or any person in privity with the undersigned or any affiliate of
                                         the undersigned), directly or indirectly, including the filing (or participation in the
                                         filing) of a registration statement with the Securities and Exchange Commission in respect
                                         of, or establish or increase a put equivalent position or liquidate or decrease a call
                                         equivalent position within the meaning of Section 16 of the Securities Exchange Act of
                                         1934, as amended, and the rules and regulations of the Securities and Exchange Commission
                                         promulgated thereunder with respect to, any other Units, Common Stock or Warrants of
                                         the Company or any securities convertible into, or exercisable, or exchangeable for,
                                         shares of Common Stock or publicly announce an intention to effect any such transaction,
                                         for a period of 180 days after the date of the Underwriting Agreement.

 

    2

     

    

 

		(c)	The
                                         undersigned agrees that until the Company consummates an initial Business Combination,
                                         the undersigned’s Private Placement Units will be subject to the transfer restrictions
                                         described in the Subscription Agreement, dated as of [•], 2020, by and between the
                                         Insiders and the Company relating to the undersigned’s Private Placement Units.

 

		(d)	Notwithstanding
                                         the provisions set forth in paragraphs 5(a) and (c), transfers, assignments and sales
                                         (a “Transfer”) by the undersigned of the Founder Shares, Private
                                         Placement Units and Common Stock issued or issuable upon the exercise of the Private
                                         Placement Units or conversion of the Founder Shares are permitted if the Transfer (i)
                                         is among the insiders, to the Company’s officers, directors, advisors or employees;
                                         (ii) is to an Insider’s affiliates or its members upon liquidation; (iii) is to
                                         relatives and trusts for estate planning purposes; (iv) is by virtue of the law of descent
                                         and distribution upon death; (v) is pursuant to a qualified domestic relations order;
                                         (vi) involves a private sale made at a price no greater than the price at which the Founder
                                         Shares, Private Placement Units or Common Stock were originally purchased; or (vii) is
                                         to the Company for cancellation in connection with the consummation of the Business Combination,
                                         in each case (except for clause (vii)) where the transferee agrees to the terms of the
                                         escrow agreement and forfeiture, as the case may be, as well as the other applicable
                                         restrictions and agreements of the holders of the Founder Shares.

 

		(e)	The
                                         undersigned acknowledges and agrees that if, in order to consummate any Business Combination,
                                         the holders of Founder Shares or Private Placement Units are required to contribute back
                                         to the capital of the Company a portion of any such securities to be cancelled by the
                                         Company or transfer any such securities to third parties, the undersigned will contribute
                                         back to the capital of the Company or transfer to such third parties, at no cost, a proportionate
                                         number of Founder Shares or Private Placement Units, as applicable, pro rata with the
                                         other holders of Founder Shares or Private Placement Units, as applicable.

 

		6.	

 

		(a)	In
                                         order to minimize potential conflicts of interest that may arise from multiple corporate
                                         affiliations, the undersigned hereby agrees that until the earliest of the Company’s
                                         initial Business Combination or liquidation, the undersigned shall present to the Company
                                         for its consideration, prior to presentation to any other entity, any target business
                                         that has a fair market value of at least 80% of the assets held in the Trust Account
                                         (excluding the amount of deferred underwriting discounts held in trust and taxes payable
                                         on the interest earned on the trust account), subject to any existing or future fiduciary
                                         or contractual obligations the undersigned might have.

 

		(b)	The
                                         undersigned hereby agrees and acknowledges that (i) the Representatives and the Company
                                         would be irreparably injured in the event of a breach of the obligations under paragraph
                                         6(a) above, (ii) monetary damages may not be an adequate remedy for such breach and (iii)
                                         the non-breaching party shall be entitled to injunctive relief, in addition to any other
                                         remedy that such party may have in law or in equity, in the event of such breach.

 

		7.	The
                                         undersigned represents and warrants that:

 

		(a)	He
                                         or she is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist
                                         order or order or stipulation to desist or refrain from any act or practice relating
                                         to the offering of securities in any jurisdiction;

 

		(b)	He
                                         or she has never been convicted of or pleaded guilty to any crime (i) involving any fraud
                                         or (ii) relating to any financial transaction or handling of funds of another person,
                                         or (iii) pertaining to any dealings in any securities and he is not currently a defendant
                                         in any such criminal proceeding; and

 

    3

     

    

 

		(c)	he
                                         or she has never been suspended or expelled from membership in any securities or commodities
                                         exchange or association or had a securities or commodities license or registration denied,
                                         suspended or revoked.

 

		8.	The
                                         undersigned has full right and power, without violating any agreement by which he or
                                         she is bound, to enter into this Letter Agreement and to serve as a director or officer
                                         of the Company, as applicable.

 

		9.	The
                                         undersigned hereby waives his or her right to exercise conversion/redemption rights with
                                         respect to any of the Company’s Common Stock owned or to be owned by the undersigned,
                                         directly or indirectly, whether such shares be part of the Founder Shares or IPO Shares,
                                         and agrees that he or she will not seek conversion/redemption with respect to such shares
                                         (or sell such shares to the Company in any tender offer) in connection with any vote
                                         to approve a Business Combination or any amendment to the Charter.

 

		10.	The
                                         undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article
                                         Sixth of the Charter prior to the consummation of a Business Combination unless the Company
                                         provides public shareholders with the opportunity to convert/redeem their IPO Shares
                                         upon such approval in accordance with such Article Sixth thereof.

 

		11.	Intentionally
                                         Omitted.

 

		12.	This
                                         Letter Agreement shall be governed by and construed and enforced in accordance with 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
                                         undersigned hereby (i) agrees that any action, proceeding or claim against him arising
                                         out of or relating in any way to this Letter Agreement shall be brought and enforced
                                         in the courts of the State of New York of the United States of America for the Southern
                                         District of New York, and irrevocably submits to such jurisdiction, which jurisdiction
                                         shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that
                                         such courts represent an inconvenient forum.

 

		13.	As
                                         used herein, (i) a “Business Combination” shall mean a merger,
                                         share exchange, asset acquisition, stock purchase, recapitalization, reorganization or
                                         other similar business combination with one or more businesses or entities; (ii) “Insiders”
                                         shall mean all officers, directors and sponsors of the Company immediately prior to the
                                         IPO; (iii) “Founder Shares” shall mean the 2,156,250 shares
                                         of Common Stock of the Company acquired by Insiders prior to the IPO; (iv) “IPO
                                         Shares” shall mean the shares of Common Stock issued in the Company’s
                                         IPO; (v) “Private Placement Units” and “Private
                                         Placement Shares” shall mean the units and underlying shares of Common
                                         Stock, respectively, that are being sold privately by the Company simultaneously with
                                         the consummation of the IPO; (vi) “Trust Account” shall mean
                                         the trust account into which the net proceeds of the Company’s IPO and a portion
                                         of the proceeds from the sale of the Private Placement Units will be deposited; and (vii)
                                         “Registration Statement” means the Company’s registration
                                         statement on Form S-1 (SEC File No. 333-236852) filed with the Securities and Exchange
                                         Commission, as amended.

 

		14.	This
                                         Letter Agreement constitutes the entire agreement and understanding of the parties hereto
                                         in respect of the subject matter hereof and supersedes all prior understandings, agreements,
                                         or representations by or among the parties hereto, written or oral, to the extent they
                                         relate in any way to the subject matter hereof or the transactions contemplated hereby.
                                         This Letter Agreement may not be changed, amended, modified or waived (other than to
                                         correct a typographical error) as to any particular provision, except by a written instrument
                                         executed by all parties hereto.

 

		15.	The
                                         undersigned acknowledges and understands that the Representatives and the Company will
                                         rely upon the agreements, representations and warranties set forth herein in proceeding
                                         with the IPO. Nothing contained herein shall be deemed to render the Representatives
                                         a representative of, or a fiduciary with respect to, the Company, its shareholders or
                                         any creditor or vendor of the Company with respect to the subject matter hereof.

 

    4

     

    

 

		16.	This
                                         Letter Agreement shall be binding on the undersigned and such person’s respective
                                         successors, heirs, personal representatives and assigns. This Letter Agreement shall
                                         terminate on the earlier of (i) the consummation of a Business Combination and (ii) the
                                         liquidation of the Company; provided that such termination shall not relieve the undersigned
                                         from liability for any breach of this agreement prior to its termination. The parties
                                         hereto may not assign either this Letter Agreement or any of their rights, interests,
                                         or obligations hereunder without the prior written consent of the other party. Any purported
                                         assignment in violation of this paragraph shall be void and ineffectual and shall not
                                         operate to transfer or assign any interest or title to the purported assignee.

 

[Signature
Page Follows]

 

    5

     

    

 

	 	Sincerely,
	 	 
	 		/s/
Donald Hultstrand

	 	 	Donald
    Hultstrand

 

     

     

    

 

	 	Acknowledged
and Agreed: 

	 	Roth
    CH Acquisition I Co.
	 	By:	/s/
    Byron Roth
	 	 	Name:
    Byron Roth
	 	 	Title:
      Chief Executive Officer

 

     

     

    

 

May
4, 2020

 

Roth
CH Acquisition I Co.

888 San Clemente Drive, Suite 400

Newport Beach, CA 92660

 

Roth
Capital Partners, LLC

888 San Clemente Drive, Suite 400

Newport Beach, CA 92660

 

Craig-Hallum
Capital Group LLC

222 South Ninth Street, Suite 350

Minneapolis, MN 55402

 

Re:
Initial Public Offering

 

Ladies
and Gentlemen:

 

This
letter (the “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement
(the “Underwriting Agreement”) entered into by and between Roth CH Acquisition I Co., a Delaware corporation
(the “Company”) and Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC (the “Representatives”),
relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”),
each Unit comprised of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”),
and one-half of one redeemable warrant, each whole warrant exercisable for one share of Common Stock (each, a “Warrant”).
Certain capitalized terms used herein are defined in paragraph 13 hereof.

 

In
order to induce the Company and the Representatives to enter into the Underwriting Agreement and to proceed with the IPO, and
in recognition of the benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

		1.	If
                                         the Company solicits approval of its shareholders of a Business Combination, the undersigned
                                         will vote all shares beneficially owned by him or her, whether acquired before, in or
                                         after the IPO, in favor of such Business Combination.

 

		2.	In
                                         the event that the Company fails to consummate a Business Combination within the time
                                         period set forth in the Company’s amended and restated certificate of incorporation,
                                         as the same may be further amended from time to time (the “Charter”),
                                         the undersigned will, as promptly as possible, take all necessary actions to cause the
                                         Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly
                                         as reasonably possible, but not more than 10 business days thereafter, redeem the IPO
                                         Shares, at a per-share price, payable in cash, equal to the aggregate amount then on
                                         deposit in the Trust Account, including interest earned on the Trust Account not previously
                                         released to the Company (less taxes payable), divided by the number of then outstanding
                                         IPO Shares, which redemption will completely extinguish public shareholders’ rights
                                         as shareholders (including the right to receive further liquidation distributions, if
                                         any), and (iii) as promptly as reasonably possible following such redemption, subject
                                         to the approval of the Company’s remaining shareholders and the Company’s
                                         board of directors, dissolve and liquidate, subject in the cases of clauses (ii) and
                                         (iii) to the Company’s obligations under Delaware law to provide for claims of
                                         creditors and other requirements of applicable law. The undersigned hereby waives any
                                         and all right, title, interest or claim of any kind in or to any distribution of the
                                         Trust Account (“Claim”) and any remaining net assets of the
                                         Company as a result of such liquidation with respect to the Founder Shares and Private
                                         Placement Shares owned by the undersigned and hereby waives any Claim the undersigned
                                         may have in the future as a result of, or arising out of, any contracts or agreements
                                         with the Company and will not seek recourse against the Trust Account for any reason
                                         whatsoever. However, if any of the undersigned have acquired IPO Shares in or after the
                                         IPO, they will be entitled to liquidating distributions from the Trust Account with respect
                                         to such IPO Shares in the event that the Company fails to consummate a Business Combination
                                         within the time period set forth in the Charter. The undersigned acknowledges and agrees
                                         that there will be no distribution from the Trust Account with respect to any Warrants,
                                         all rights of which will terminate on the Company’s liquidation.

 

     

     

    

 

		3.	The
                                         undersigned acknowledges and agrees that prior to entering into a definitive agreement
                                         for a Business Combination with a target business that is affiliated with the undersigned
                                         or any other Insiders of the Company or their affiliates, such transaction must be approved
                                         by a majority of the Company’s disinterested independent directors and the Company
                                         must obtain an opinion from an independent investment banking firm or another independent
                                         entity that commonly renders valuation opinions that such Business Combination is fair
                                         to the Company’s shareholders from a financial point of view.

 

		4.	None
                                         of the undersigned, any member of the family of any of the undersigned, or any affiliate
                                         of the undersigned will be entitled to receive and will not accept any compensation or
                                         other cash payment prior to, or for services rendered in order to effectuate, the consummation
                                         of the Business Combination; provided that the Company shall be allowed to make the payments
                                         set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The
                                         Offering—Limited payments to insiders.”

 

		5.	In
                                         the event of the liquidation of the Trust Fund, the undersigned agrees to indemnify and
                                         hold harmless the Company against any and all loss, liability, claims, damage and expense
                                         whatsoever (including, but not limited to, any and all legal or other expenses reasonably
                                         incurred in investigating, preparing or defending against any litigation, whether pending
                                         or threatened, or any claim whatsoever) which the Company may become subject as a result
                                         of any claim by any target business or vendor or other person who is owed money by the
                                         Company for services rendered or products sold or contracted for, but only to the extent
                                         necessary to ensure that such loss, liability, claim, damage or expense does not reduce
                                         the amount of funds in the Trust Fund; provided that such indemnity shall not
                                         apply (i) if such target business, vendor or other person has executed an agreement waiving
                                         any claims against the Trust Fund or (ii) as to any claims under the Company’s
                                         obligations to indemnify the Underwriters against certain liabilities, including liabilities
                                         under the Securities Act.

 

		(a)	The
                                         undersigned agrees that the Founder Shares may not be transferred, assigned or sold (except
                                         to certain permitted transferees as described in the Registration Statement or herein)
                                         (the “Lockup”) until the earlier to occur of: (1) six (6) months
                                         after the completion of a Business Combination or (2) the date following the completion
                                         of the Company’s initial Business Combination on which the Company completes a
                                         liquidation, merger, share exchange, reorganization or other similar transaction that
                                         results in all of the Company’s shareholders having the right to exchange their
                                         shares of Common Stock for cash, securities or other property. Notwithstanding the foregoing,
                                         if the closing price of the Company’s Common Stock equals or exceeds $12.50 per
                                         share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations
                                         and the like) for any 20 trading days within any 30-trading day period commencing after
                                         the Company’s initial Business Combination, 50% of the Founder Shares will be released
                                         from the Lockup.

 

		(b)	The
                                         undersigned will not, without the prior written consent of the Representatives pursuant
                                         to the Underwriting Agreement, offer, sell, contract to sell, pledge, hedge or otherwise
                                         dispose of (or enter into any transaction that is designed to, or might reasonably be
                                         expected to, result in the disposition (whether by actual disposition or effective economic
                                         disposition due to cash settlement or otherwise) by the undersigned or any affiliate
                                         of the undersigned or any person in privity with the undersigned or any affiliate of
                                         the undersigned), directly or indirectly, including the filing (or participation in the
                                         filing) of a registration statement with the Securities and Exchange Commission in respect
                                         of, or establish or increase a put equivalent position or liquidate or decrease a call
                                         equivalent position within the meaning of Section 16 of the Securities Exchange Act of
                                         1934, as amended, and the rules and regulations of the Securities and Exchange Commission
                                         promulgated thereunder with respect to, any other Units, Common Stock or Warrants of
                                         the Company or any securities convertible into, or exercisable, or exchangeable for,
                                         shares of Common Stock or publicly announce an intention to effect any such transaction,
                                         for a period of 180 days after the date of the Underwriting Agreement.

 

    2

     

    

 

		(c)	The
                                         undersigned agrees that until the Company consummates an initial Business Combination,
                                         the undersigned’s Private Placement Units will be subject to the transfer restrictions
                                         described in the Subscription Agreement, dated as of [•], 2020, by and between the
                                         Insiders and the Company relating to the undersigned’s Private Placement Units.

 

		(d)	Notwithstanding
                                         the provisions set forth in paragraphs 5(a) and (c), transfers, assignments and sales
                                         (a “Transfer”) by the undersigned of the Founder Shares, Private
                                         Placement Units and Common Stock issued or issuable upon the exercise of the Private
                                         Placement Units or conversion of the Founder Shares are permitted if the Transfer (i)
                                         is among the insiders, to the Company’s officers, directors, advisors or employees;
                                         (ii) is to an Insider’s affiliates or its members upon liquidation; (iii) is to
                                         relatives and trusts for estate planning purposes; (iv) is by virtue of the law of descent
                                         and distribution upon death; (v) is pursuant to a qualified domestic relations order;
                                         (vi) involves a private sale made at a price no greater than the price at which the Founder
                                         Shares, Private Placement Units or Common Stock were originally purchased; or (vii) is
                                         to the Company for cancellation in connection with the consummation of the Business Combination,
                                         in each case (except for clause (vii)) where the transferee agrees to the terms of the
                                         escrow agreement and forfeiture, as the case may be, as well as the other applicable
                                         restrictions and agreements of the holders of the Founder Shares.

 

		(e)	The
                                         undersigned acknowledges and agrees that if, in order to consummate any Business Combination,
                                         the holders of Founder Shares or Private Placement Units are required to contribute back
                                         to the capital of the Company a portion of any such securities to be cancelled by the
                                         Company or transfer any such securities to third parties, the undersigned will contribute
                                         back to the capital of the Company or transfer to such third parties, at no cost, a proportionate
                                         number of Founder Shares or Private Placement Units, as applicable, pro rata with the
                                         other holders of Founder Shares or Private Placement Units, as applicable.

 

		6.	

 

		(a)	In
                                         order to minimize potential conflicts of interest that may arise from multiple corporate
                                         affiliations, the undersigned hereby agrees that until the earliest of the Company’s
                                         initial Business Combination or liquidation, the undersigned shall present to the Company
                                         for its consideration, prior to presentation to any other entity, any target business
                                         that has a fair market value of at least 80% of the assets held in the Trust Account
                                         (excluding the amount of deferred underwriting discounts held in trust and taxes payable
                                         on the interest earned on the trust account), subject to any existing or future fiduciary
                                         or contractual obligations the undersigned might have.

 

		(b)	The
                                         undersigned hereby agrees and acknowledges that (i) the Representatives and the Company
                                         would be irreparably injured in the event of a breach of the obligations under paragraph
                                         6(a) above, (ii) monetary damages may not be an adequate remedy for such breach and (iii)
                                         the non-breaching party shall be entitled to injunctive relief, in addition to any other
                                         remedy that such party may have in law or in equity, in the event of such breach.

 

		7.	The
                                         undersigned represents and warrants that:

 

		(a)	He
                                         or she or it is not subject to, or a respondent in, any legal action for, any injunction,
                                         cease-and-desist order or order or stipulation to desist or refrain from any act or practice
                                         relating to the offering of securities in any jurisdiction;

 

		(b)	He
                                         or she or it has never been convicted of or pleaded guilty to any crime (i) involving
                                         any fraud or (ii) relating to any financial transaction or handling of funds of another
                                         person, or (iii) pertaining to any dealings in any securities and he is not currently
                                         a defendant in any such criminal proceeding; and

 

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		(c)	he
                                         or she or it has never been suspended or expelled from membership in any securities or
                                         commodities exchange or association or had a securities or commodities license or registration
                                         denied, suspended or revoked.

 

		8.	The
                                         undersigned has full right and power, without violating any agreement by which he or
                                         she is bound, to enter into this Letter Agreement and to serve as a director or officer
                                         of the Company, as applicable.

 

		9.	The
                                         undersigned hereby waives his or her right to exercise conversion/redemption rights with
                                         respect to any of the Company’s Common Stock owned or to be owned by the undersigned,
                                         directly or indirectly, whether such shares be part of the Founder Shares or IPO Shares,
                                         and agrees that he or she will not seek conversion/redemption with respect to such shares
                                         (or sell such shares to the Company in any tender offer) in connection with any vote
                                         to approve a Business Combination or any amendment to the Charter.

 

		10.	The
                                         undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article
                                         Sixth of the Charter prior to the consummation of a Business Combination unless the Company
                                         provides public shareholders with the opportunity to convert/redeem their IPO Shares
                                         upon such approval in accordance with such Article Sixth thereof.

 

		11.	Intentionally
                                         Omitted.

 

		12.	This
                                         Letter Agreement shall be governed by and construed and enforced in accordance with 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
                                         undersigned hereby (i) agrees that any action, proceeding or claim against him arising
                                         out of or relating in any way to this Letter Agreement shall be brought and enforced
                                         in the courts of the State of New York of the United States of America for the Southern
                                         District of New York, and irrevocably submits to such jurisdiction, which jurisdiction
                                         shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that
                                         such courts represent an inconvenient forum.

 

		13.	As
                                         used herein, (i) a “Business Combination” shall mean a merger,
                                         share exchange, asset acquisition, stock purchase, recapitalization, reorganization or
                                         other similar business combination with one or more businesses or entities; (ii) “Insiders”
                                         shall mean all officers, directors and sponsors of the Company immediately prior to the
                                         IPO; (iii) “Founder Shares” shall mean the 2,156,250 shares
                                         of Common Stock of the Company acquired by Insiders prior to the IPO; (iv) “IPO
                                         Shares” shall mean the shares of Common Stock issued in the Company’s
                                         IPO; (v) “Private Placement Units” and “Private
                                         Placement Shares” shall mean the units and underlying shares of Common
                                         Stock, respectively, that are being sold privately by the Company simultaneously with
                                         the consummation of the IPO; (vi) “Trust Account” shall mean
                                         the trust account into which the net proceeds of the Company’s IPO and a portion
                                         of the proceeds from the sale of the Private Placement Units will be deposited; and (vii)
                                         “Registration Statement” means the Company’s registration
                                         statement on Form S-1 (SEC File No. 333-236852) filed with the Securities and Exchange
                                         Commission, as amended.

 

		14.	This
                                         Letter Agreement constitutes the entire agreement and understanding of the parties hereto
                                         in respect of the subject matter hereof and supersedes all prior understandings, agreements,
                                         or representations by or among the parties hereto, written or oral, to the extent they
                                         relate in any way to the subject matter hereof or the transactions contemplated hereby.
                                         This Letter Agreement may not be changed, amended, modified or waived (other than to
                                         correct a typographical error) as to any particular provision, except by a written instrument
                                         executed by all parties hereto.

 

		15.	The
                                         undersigned acknowledges and understands that the Representatives and the Company will
                                         rely upon the agreements, representations and warranties set forth herein in proceeding
                                         with the IPO. Nothing contained herein shall be deemed to render the Representatives
                                         a representative of, or a fiduciary with respect to, the Company, its shareholders or
                                         any creditor or vendor of the Company with respect to the subject matter hereof.

 

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		16.	This
                                         Letter Agreement shall be binding on the undersigned and such person’s respective
                                         successors, heirs, personal representatives and assigns. This Letter Agreement shall
                                         terminate on the earlier of (i) the consummation of a Business Combination and (ii) the
                                         liquidation of the Company; provided that such termination shall not relieve the undersigned
                                         from liability for any breach of this agreement prior to its termination. The parties
                                         hereto may not assign either this Letter Agreement or any of their rights, interests,
                                         or obligations hereunder without the prior written consent of the other party. Any purported
                                         assignment in violation of this paragraph shall be void and ineffectual and shall not
                                         operate to transfer or assign any interest or title to the purported assignee.

 

[Signature
Page Follows]

 

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	 	Sincerely,
	 	 
	 	By:
	Roth
Capital Partners, LLC

                                                            

        /s/
Byron Roth

	 	 	Name:
    Byron Roth
	 	 	Title:
      Member

 

     

     

    

 

	 	Acknowledged
    and Agreed:
	 	Roth
    CH Acquisition I Co.
	 	By:	/s/
    Byron Roth
	 	 	Name:
    Byron Roth
	 	 	Title:
      Chief Executive Officer

 

     

     

    

 

May
4, 2020

 

Roth
CH Acquisition I Co.

888 San Clemente Drive, Suite 400

Newport Beach, CA 92660

 

Roth
Capital Partners, LLC

888 San Clemente Drive, Suite 400

Newport Beach, CA 92660

 

Craig-Hallum
Capital Group LLC

222 South Ninth Street, Suite 350

Minneapolis, MN 55402

 

Re:
Initial Public Offering

 

Ladies
and Gentlemen:

 

This
letter (the “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement
(the “Underwriting Agreement”) entered into by and between Roth CH Acquisition I Co., a Delaware corporation
(the “Company”) and Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC (the “Representatives”),
relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”),
each Unit comprised of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”),
and one-half of one redeemable warrant, each whole warrant exercisable for one share of Common Stock (each, a “Warrant”).
Certain capitalized terms used herein are defined in paragraph 13 hereof.

 

In
order to induce the Company and the Representatives to enter into the Underwriting Agreement and to proceed with the IPO, and
in recognition of the benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

		1.	If
                                         the Company solicits approval of its shareholders of a Business Combination, the undersigned
                                         will vote all shares beneficially owned by him or her, whether acquired before, in or
                                         after the IPO, in favor of such Business Combination.

 

		2.	In
                                         the event that the Company fails to consummate a Business Combination within the time
                                         period set forth in the Company’s amended and restated certificate of incorporation,
                                         as the same may be further amended from time to time (the “Charter”),
                                         the undersigned will, as promptly as possible, take all necessary actions to cause the
                                         Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly
                                         as reasonably possible, but not more than 10 business days thereafter, redeem the IPO
                                         Shares, at a per-share price, payable in cash, equal to the aggregate amount then on
                                         deposit in the Trust Account, including interest earned on the Trust Account not previously
                                         released to the Company (less taxes payable), divided by the number of then outstanding
                                         IPO Shares, which redemption will completely extinguish public shareholders’ rights
                                         as shareholders (including the right to receive further liquidation distributions, if
                                         any), and (iii) as promptly as reasonably possible following such redemption, subject
                                         to the approval of the Company’s remaining shareholders and the Company’s
                                         board of directors, dissolve and liquidate, subject in the cases of clauses (ii) and
                                         (iii) to the Company’s obligations under Delaware law to provide for claims of
                                         creditors and other requirements of applicable law. The undersigned hereby waives any
                                         and all right, title, interest or claim of any kind in or to any distribution of the
                                         Trust Account (“Claim”) and any remaining net assets of the
                                         Company as a result of such liquidation with respect to the Founder Shares and Private
                                         Placement Shares owned by the undersigned and hereby waives any Claim the undersigned
                                         may have in the future as a result of, or arising out of, any contracts or agreements
                                         with the Company and will not seek recourse against the Trust Account for any reason
                                         whatsoever. However, if any of the undersigned have acquired IPO Shares in or after the
                                         IPO, they will be entitled to liquidating distributions from the Trust Account with respect
                                         to such IPO Shares in the event that the Company fails to consummate a Business Combination
                                         within the time period set forth in the Charter. The undersigned acknowledges and agrees
                                         that there will be no distribution from the Trust Account with respect to any Warrants,
                                         all rights of which will terminate on the Company’s liquidation.

 

     

     

    

 

		3.	The
                                         undersigned acknowledges and agrees that prior to entering into a definitive agreement
                                         for a Business Combination with a target business that is affiliated with the undersigned
                                         or any other Insiders of the Company or their affiliates, such transaction must be approved
                                         by a majority of the Company’s disinterested independent directors and the Company
                                         must obtain an opinion from an independent investment banking firm or another independent
                                         entity that commonly renders valuation opinions that such Business Combination is fair
                                         to the Company’s shareholders from a financial point of view.

 

		4.	None
                                         of the undersigned, any member of the family of any of the undersigned, or any affiliate
                                         of the undersigned will be entitled to receive and will not accept any compensation or
                                         other cash payment prior to, or for services rendered in order to effectuate, the consummation
                                         of the Business Combination; provided that the Company shall be allowed to make the payments
                                         set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The
                                         Offering—Limited payments to insiders.”

 

		5.	In
                                         the event of the liquidation of the Trust Fund, the undersigned agrees to indemnify and
                                         hold harmless the Company against any and all loss, liability, claims, damage and expense
                                         whatsoever (including, but not limited to, any and all legal or other expenses reasonably
                                         incurred in investigating, preparing or defending against any litigation, whether pending
                                         or threatened, or any claim whatsoever) which the Company may become subject as a result
                                         of any claim by any target business or vendor or other person who is owed money by the
                                         Company for services rendered or products sold or contracted for, but only to the extent
                                         necessary to ensure that such loss, liability, claim, damage or expense does not reduce
                                         the amount of funds in the Trust Fund; provided that such indemnity shall not
                                         apply (i) if such target business, vendor or other person has executed an agreement waiving
                                         any claims against the Trust Fund or (ii) as to any claims under the Company’s
                                         obligations to indemnify the Underwriters against certain liabilities, including liabilities
                                         under the Securities Act.

 

		(a)	The
                                         undersigned agrees that the Founder Shares may not be transferred, assigned or sold (except
                                         to certain permitted transferees as described in the Registration Statement or herein)
                                         (the “Lockup”) until the earlier to occur of: (1) six (6) months
                                         after the completion of a Business Combination or (2) the date following the completion
                                         of the Company’s initial Business Combination on which the Company completes a
                                         liquidation, merger, share exchange, reorganization or other similar transaction that
                                         results in all of the Company’s shareholders having the right to exchange their
                                         shares of Common Stock for cash, securities or other property. Notwithstanding the foregoing,
                                         if the closing price of the Company’s Common Stock equals or exceeds $12.50 per
                                         share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations
                                         and the like) for any 20 trading days within any 30-trading day period commencing after
                                         the Company’s initial Business Combination, 50% of the Founder Shares will be released
                                         from the Lockup.

 

		(b)	The
                                         undersigned will not, without the prior written consent of the Representatives pursuant
                                         to the Underwriting Agreement, offer, sell, contract to sell, pledge, hedge or otherwise
                                         dispose of (or enter into any transaction that is designed to, or might reasonably be
                                         expected to, result in the disposition (whether by actual disposition or effective economic
                                         disposition due to cash settlement or otherwise) by the undersigned or any affiliate
                                         of the undersigned or any person in privity with the undersigned or any affiliate of
                                         the undersigned), directly or indirectly, including the filing (or participation in the
                                         filing) of a registration statement with the Securities and Exchange Commission in respect
                                         of, or establish or increase a put equivalent position or liquidate or decrease a call
                                         equivalent position within the meaning of Section 16 of the Securities Exchange Act of
                                         1934, as amended, and the rules and regulations of the Securities and Exchange Commission
                                         promulgated thereunder with respect to, any other Units, Common Stock or Warrants of
                                         the Company or any securities convertible into, or exercisable, or exchangeable for,
                                         shares of Common Stock or publicly announce an intention to effect any such transaction,
                                         for a period of 180 days after the date of the Underwriting Agreement.

 

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		(c)	The
                                         undersigned agrees that until the Company consummates an initial Business Combination,
                                         the undersigned’s Private Placement Units will be subject to the transfer restrictions
                                         described in the Subscription Agreement, dated as of [•], 2020, by and between the
                                         Insiders and the Company relating to the undersigned’s Private Placement Units.

 

		(d)	Notwithstanding
                                         the provisions set forth in paragraphs 5(a) and (c), transfers, assignments and sales
                                         (a “Transfer”) by the undersigned of the Founder Shares, Private
                                         Placement Units and Common Stock issued or issuable upon the exercise of the Private
                                         Placement Units or conversion of the Founder Shares are permitted if the Transfer (i)
                                         is among the insiders, to the Company’s officers, directors, advisors or employees;
                                         (ii) is to an Insider’s affiliates or its members upon liquidation; (iii) is to
                                         relatives and trusts for estate planning purposes; (iv) is by virtue of the law of descent
                                         and distribution upon death; (v) is pursuant to a qualified domestic relations order;
                                         (vi) involves a private sale made at a price no greater than the price at which the Founder
                                         Shares, Private Placement Units or Common Stock were originally purchased; or (vii) is
                                         to the Company for cancellation in connection with the consummation of the Business Combination,
                                         in each case (except for clause (vii)) where the transferee agrees to the terms of the
                                         escrow agreement and forfeiture, as the case may be, as well as the other applicable
                                         restrictions and agreements of the holders of the Founder Shares.

 

		(e)	The
                                         undersigned acknowledges and agrees that if, in order to consummate any Business Combination,
                                         the holders of Founder Shares or Private Placement Units are required to contribute back
                                         to the capital of the Company a portion of any such securities to be cancelled by the
                                         Company or transfer any such securities to third parties, the undersigned will contribute
                                         back to the capital of the Company or transfer to such third parties, at no cost, a proportionate
                                         number of Founder Shares or Private Placement Units, as applicable, pro rata with the
                                         other holders of Founder Shares or Private Placement Units, as applicable.

 

		6.	

 

		(a)	In
                                         order to minimize potential conflicts of interest that may arise from multiple corporate
                                         affiliations, the undersigned hereby agrees that until the earliest of the Company’s
                                         initial Business Combination or liquidation, the undersigned shall present to the Company
                                         for its consideration, prior to presentation to any other entity, any target business
                                         that has a fair market value of at least 80% of the assets held in the Trust Account
                                         (excluding the amount of deferred underwriting discounts held in trust and taxes payable
                                         on the interest earned on the trust account), subject to any existing or future fiduciary
                                         or contractual obligations the undersigned might have.

 

		(b)	The
                                         undersigned hereby agrees and acknowledges that (i) the Representatives and the Company
                                         would be irreparably injured in the event of a breach of the obligations under paragraph
                                         6(a) above, (ii) monetary damages may not be an adequate remedy for such breach and (iii)
                                         the non-breaching party shall be entitled to injunctive relief, in addition to any other
                                         remedy that such party may have in law or in equity, in the event of such breach.

 

		7.	The
                                         undersigned agrees to be a director of the Company, until the earlier of the consummation
                                         by the Company of an initial Business Combination or the liquidation of the Company.
                                         The undersigned’s biographical information previously furnished to the Company
                                         and the Representative is true and accurate in all material respects, does not omit any
                                         material information with respect to the undersigned’s background and contains
                                         all of the information required to be disclosed pursuant to Item 401 of Regulation S-K,
                                         promulgated under the Securities Act of 1933, as amended. The undersigned’s FINRA
                                         Questionnaire previously furnished to the Company and the Representative is true and
                                         accurate in all material respects. The undersigned represents and warrants that:

 

		(a)	He
                                         or she is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist
                                         order or order or stipulation to desist or refrain from any act or practice relating
                                         to the offering of securities in any jurisdiction;

 

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		(b)	He
                                         or she has never been convicted of or pleaded guilty to any crime (i) involving any fraud
                                         or (ii) relating to any financial transaction or handling of funds of another person,
                                         or (iii) pertaining to any dealings in any securities and he is not currently a defendant
                                         in any such criminal proceeding; and

 

		(c)	he
                                         or she has never been suspended or expelled from membership in any securities or commodities
                                         exchange or association or had a securities or commodities license or registration denied,
                                         suspended or revoked.

 

		8.	The
                                         undersigned has full right and power, without violating any agreement by which he or
                                         she is bound, to enter into this Letter Agreement and to serve as a director or officer
                                         of the Company, as applicable.

 

		9.	The
                                         undersigned hereby waives his or her right to exercise conversion/redemption rights with
                                         respect to any of the Company’s Common Stock owned or to be owned by the undersigned,
                                         directly or indirectly, whether such shares be part of the Founder Shares or IPO Shares,
                                         and agrees that he or she will not seek conversion/redemption with respect to such shares
                                         (or sell such shares to the Company in any tender offer) in connection with any vote
                                         to approve a Business Combination or any amendment to the Charter.

 

		10.	The
                                         undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article
                                         Sixth of the Charter prior to the consummation of a Business Combination unless the Company
                                         provides public shareholders with the opportunity to convert/redeem their IPO Shares
                                         upon such approval in accordance with such Article Sixth thereof.

 

		11.	Intentionally
                                         Omitted.

 

		12.	This
                                         Letter Agreement shall be governed by and construed and enforced in accordance with 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
                                         undersigned hereby (i) agrees that any action, proceeding or claim against him arising
                                         out of or relating in any way to this Letter Agreement shall be brought and enforced
                                         in the courts of the State of New York of the United States of America for the Southern
                                         District of New York, and irrevocably submits to such jurisdiction, which jurisdiction
                                         shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that
                                         such courts represent an inconvenient forum.

 

		13.	As
                                         used herein, (i) a “Business Combination” shall mean a merger,
                                         share exchange, asset acquisition, stock purchase, recapitalization, reorganization or
                                         other similar business combination with one or more businesses or entities; (ii) “Insiders”
                                         shall mean all officers, directors and sponsors of the Company immediately prior to the
                                         IPO; (iii) “Founder Shares” shall mean the 2,156,250 shares
                                         of Common Stock of the Company acquired by Insiders prior to the IPO; (iv) “IPO
                                         Shares” shall mean the shares of Common Stock issued in the Company’s
                                         IPO; (v) “Private Placement Units” and “Private
                                         Placement Shares” shall mean the units and underlying shares of Common
                                         Stock, respectively, that are being sold privately by the Company simultaneously with
                                         the consummation of the IPO; (vi) “Trust Account” shall mean
                                         the trust account into which the net proceeds of the Company’s IPO and a portion
                                         of the proceeds from the sale of the Private Placement Units will be deposited; and (vii)
                                         “Registration Statement” means the Company’s registration
                                         statement on Form S-1 (SEC File No. 333-236852) filed with the Securities and Exchange
                                         Commission, as amended.

 

		14.	This
                                         Letter Agreement constitutes the entire agreement and understanding of the parties hereto
                                         in respect of the subject matter hereof and supersedes all prior understandings, agreements,
                                         or representations by or among the parties hereto, written or oral, to the extent they
                                         relate in any way to the subject matter hereof or the transactions contemplated hereby.
                                         This Letter Agreement may not be changed, amended, modified or waived (other than to
                                         correct a typographical error) as to any particular provision, except by a written instrument
                                         executed by all parties hereto.

 

		15.	The
                                         undersigned acknowledges and understands that the Representatives and the Company will
                                         rely upon the agreements, representations and warranties set forth herein in proceeding
                                         with the IPO. Nothing contained herein shall be deemed to render the Representatives
                                         a representative of, or a fiduciary with respect to, the Company, its shareholders or
                                         any creditor or vendor of the Company with respect to the subject matter hereof.

 

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		16.	This
                                         Letter Agreement shall be binding on the undersigned and such person’s respective
                                         successors, heirs, personal representatives and assigns. This Letter Agreement shall
                                         terminate on the earlier of (i) the consummation of a Business Combination and (ii) the
                                         liquidation of the Company; provided that such termination shall not relieve the undersigned
                                         from liability for any breach of this agreement prior to its termination. The parties
                                         hereto may not assign either this Letter Agreement or any of their rights, interests,
                                         or obligations hereunder without the prior written consent of the other party. Any purported
                                         assignment in violation of this paragraph shall be void and ineffectual and shall not
                                         operate to transfer or assign any interest or title to the purported assignee.

 

[Signature
Page Follows]

 

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	 	Sincerely,
	 	 
	 		/s/
Adam Rothstein

	 	 	Adam
    Rothstein
	 	 	 

     

     

    

 

	 	Acknowledged
    and Agreed:
	 	Roth
    CH Acquisition I Co.
	 	By:	/s/
    Byron Roth
	 	 	Name:
    Byron Roth
	 	 	Title:
      Chief Executive Officer

 

     

     

    

 

May
4, 2020

 

Roth
CH Acquisition I Co.

888 San Clemente Drive, Suite 400

Newport Beach, CA 92660

 

Roth
Capital Partners, LLC

888 San Clemente Drive, Suite 400

Newport Beach, CA 92660

 

Craig-Hallum
Capital Group LLC

222 South Ninth Street, Suite 350

Minneapolis, MN 55402

 

Re:
Initial Public Offering

 

Ladies
and Gentlemen:

 

This
letter (the “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement
(the “Underwriting Agreement”) entered into by and between Roth CH Acquisition I Co., a Delaware corporation
(the “Company”) and Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC (the “Representatives”),
relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”),
each Unit comprised of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”),
and one-half of one redeemable warrant, each whole warrant exercisable for one share of Common Stock (each, a “Warrant”).
Certain capitalized terms used herein are defined in paragraph 13 hereof.

 

In
order to induce the Company and the Representatives to enter into the Underwriting Agreement and to proceed with the IPO, and
in recognition of the benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

		1.	If
                                         the Company solicits approval of its shareholders of a Business Combination, the undersigned
                                         will vote all shares beneficially owned by him or her, whether acquired before, in or
                                         after the IPO, in favor of such Business Combination.

 

		2.	In
                                         the event that the Company fails to consummate a Business Combination within the time
                                         period set forth in the Company’s amended and restated certificate of incorporation,
                                         as the same may be further amended from time to time (the “Charter”),
                                         the undersigned will, as promptly as possible, take all necessary actions to cause the
                                         Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly
                                         as reasonably possible, but not more than 10 business days thereafter, redeem the IPO
                                         Shares, at a per-share price, payable in cash, equal to the aggregate amount then on
                                         deposit in the Trust Account, including interest earned on the Trust Account not previously
                                         released to the Company (less taxes payable), divided by the number of then outstanding
                                         IPO Shares, which redemption will completely extinguish public shareholders’ rights
                                         as shareholders (including the right to receive further liquidation distributions, if
                                         any), and (iii) as promptly as reasonably possible following such redemption, subject
                                         to the approval of the Company’s remaining shareholders and the Company’s
                                         board of directors, dissolve and liquidate, subject in the cases of clauses (ii) and
                                         (iii) to the Company’s obligations under Delaware law to provide for claims of
                                         creditors and other requirements of applicable law. The undersigned hereby waives any
                                         and all right, title, interest or claim of any kind in or to any distribution of the
                                         Trust Account (“Claim”) and any remaining net assets of the
                                         Company as a result of such liquidation with respect to the Founder Shares and Private
                                         Placement Shares owned by the undersigned and hereby waives any Claim the undersigned
                                         may have in the future as a result of, or arising out of, any contracts or agreements
                                         with the Company and will not seek recourse against the Trust Account for any reason
                                         whatsoever. However, if any of the undersigned have acquired IPO Shares in or after the
                                         IPO, they will be entitled to liquidating distributions from the Trust Account with respect
                                         to such IPO Shares in the event that the Company fails to consummate a Business Combination
                                         within the time period set forth in the Charter. The undersigned acknowledges and agrees
                                         that there will be no distribution from the Trust Account with respect to any Warrants,
                                         all rights of which will terminate on the Company’s liquidation.

 

     

     

    

 

		3.	The
                                         undersigned acknowledges and agrees that prior to entering into a definitive agreement
                                         for a Business Combination with a target business that is affiliated with the undersigned
                                         or any other Insiders of the Company or their affiliates, such transaction must be approved
                                         by a majority of the Company’s disinterested independent directors and the Company
                                         must obtain an opinion from an independent investment banking firm or another independent
                                         entity that commonly renders valuation opinions that such Business Combination is fair
                                         to the Company’s shareholders from a financial point of view.

 

		4.	None
                                         of the undersigned, any member of the family of any of the undersigned, or any affiliate
                                         of the undersigned will be entitled to receive and will not accept any compensation or
                                         other cash payment prior to, or for services rendered in order to effectuate, the consummation
                                         of the Business Combination; provided that the Company shall be allowed to make the payments
                                         set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The
                                         Offering—Limited payments to insiders.”

 

		5.	In
                                         the event of the liquidation of the Trust Fund, the undersigned agrees to indemnify and
                                         hold harmless the Company against any and all loss, liability, claims, damage and expense
                                         whatsoever (including, but not limited to, any and all legal or other expenses reasonably
                                         incurred in investigating, preparing or defending against any litigation, whether pending
                                         or threatened, or any claim whatsoever) which the Company may become subject as a result
                                         of any claim by any target business or vendor or other person who is owed money by the
                                         Company for services rendered or products sold or contracted for, but only to the extent
                                         necessary to ensure that such loss, liability, claim, damage or expense does not reduce
                                         the amount of funds in the Trust Fund; provided that such indemnity shall not
                                         apply (i) if such target business, vendor or other person has executed an agreement waiving
                                         any claims against the Trust Fund or (ii) as to any claims under the Company’s
                                         obligations to indemnify the Underwriters against certain liabilities, including liabilities
                                         under the Securities Act.

 

		(a)	The
                                         undersigned agrees that the Founder Shares may not be transferred, assigned or sold (except
                                         to certain permitted transferees as described in the Registration Statement or herein)
                                         (the “Lockup”) until the earlier to occur of: (1) six (6) months
                                         after the completion of a Business Combination or (2) the date following the completion
                                         of the Company’s initial Business Combination on which the Company completes a
                                         liquidation, merger, share exchange, reorganization or other similar transaction that
                                         results in all of the Company’s shareholders having the right to exchange their
                                         shares of Common Stock for cash, securities or other property. Notwithstanding the foregoing,
                                         if the closing price of the Company’s Common Stock equals or exceeds $12.50 per
                                         share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations
                                         and the like) for any 20 trading days within any 30-trading day period commencing after
                                         the Company’s initial Business Combination, 50% of the Founder Shares will be released
                                         from the Lockup.

 

		(b)	The
                                         undersigned will not, without the prior written consent of the Representatives pursuant
                                         to the Underwriting Agreement, offer, sell, contract to sell, pledge, hedge or otherwise
                                         dispose of (or enter into any transaction that is designed to, or might reasonably be
                                         expected to, result in the disposition (whether by actual disposition or effective economic
                                         disposition due to cash settlement or otherwise) by the undersigned or any affiliate
                                         of the undersigned or any person in privity with the undersigned or any affiliate of
                                         the undersigned), directly or indirectly, including the filing (or participation in the
                                         filing) of a registration statement with the Securities and Exchange Commission in respect
                                         of, or establish or increase a put equivalent position or liquidate or decrease a call
                                         equivalent position within the meaning of Section 16 of the Securities Exchange Act of
                                         1934, as amended, and the rules and regulations of the Securities and Exchange Commission
                                         promulgated thereunder with respect to, any other Units, Common Stock or Warrants of
                                         the Company or any securities convertible into, or exercisable, or exchangeable for,
                                         shares of Common Stock or publicly announce an intention to effect any such transaction,
                                         for a period of 180 days after the date of the Underwriting Agreement.

 

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		(c)	The
                                         undersigned agrees that until the Company consummates an initial Business Combination,
                                         the undersigned’s Private Placement Units will be subject to the transfer restrictions
                                         described in the Subscription Agreement, dated as of [•], 2020, by and between the
                                         Insiders and the Company relating to the undersigned’s Private Placement Units.

 

		(d)	Notwithstanding
                                         the provisions set forth in paragraphs 5(a) and (c), transfers, assignments and sales
                                         (a “Transfer”) by the undersigned of the Founder Shares, Private
                                         Placement Units and Common Stock issued or issuable upon the exercise of the Private
                                         Placement Units or conversion of the Founder Shares are permitted if the Transfer (i)
                                         is among the insiders, to the Company’s officers, directors, advisors or employees;
                                         (ii) is to an Insider’s affiliates or its members upon liquidation; (iii) is to
                                         relatives and trusts for estate planning purposes; (iv) is by virtue of the law of descent
                                         and distribution upon death; (v) is pursuant to a qualified domestic relations order;
                                         (vi) involves a private sale made at a price no greater than the price at which the Founder
                                         Shares, Private Placement Units or Common Stock were originally purchased; or (vii) is
                                         to the Company for cancellation in connection with the consummation of the Business Combination,
                                         in each case (except for clause (vii)) where the transferee agrees to the terms of the
                                         escrow agreement and forfeiture, as the case may be, as well as the other applicable
                                         restrictions and agreements of the holders of the Founder Shares.

 

		(e)	The
                                         undersigned acknowledges and agrees that if, in order to consummate any Business Combination,
                                         the holders of Founder Shares or Private Placement Units are required to contribute back
                                         to the capital of the Company a portion of any such securities to be cancelled by the
                                         Company or transfer any such securities to third parties, the undersigned will contribute
                                         back to the capital of the Company or transfer to such third parties, at no cost, a proportionate
                                         number of Founder Shares or Private Placement Units, as applicable, pro rata with the
                                         other holders of Founder Shares or Private Placement Units, as applicable.

 

		6.	

 

		(a)	In
                                         order to minimize potential conflicts of interest that may arise from multiple corporate
                                         affiliations, the undersigned hereby agrees that until the earliest of the Company’s
                                         initial Business Combination or liquidation, the undersigned shall present to the Company
                                         for its consideration, prior to presentation to any other entity, any target business
                                         that has a fair market value of at least 80% of the assets held in the Trust Account
                                         (excluding the amount of deferred underwriting discounts held in trust and taxes payable
                                         on the interest earned on the trust account), subject to any existing or future fiduciary
                                         or contractual obligations the undersigned might have.

 

		(b)	The
                                         undersigned hereby agrees and acknowledges that (i) the Representatives and the Company
                                         would be irreparably injured in the event of a breach of the obligations under paragraph
                                         6(a) above, (ii) monetary damages may not be an adequate remedy for such breach and (iii)
                                         the non-breaching party shall be entitled to injunctive relief, in addition to any other
                                         remedy that such party may have in law or in equity, in the event of such breach.

 

		7.	The
                                         undersigned represents and warrants that:

 

		(a)	He
                                         or she is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist
                                         order or order or stipulation to desist or refrain from any act or practice relating
                                         to the offering of securities in any jurisdiction;

 

		(b)	He
                                         or she has never been convicted of or pleaded guilty to any crime (i) involving any fraud
                                         or (ii) relating to any financial transaction or handling of funds of another person,
                                         or (iii) pertaining to any dealings in any securities and he is not currently a defendant
                                         in any such criminal proceeding; and

 

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		(c)	he
                                         or she has never been suspended or expelled from membership in any securities or commodities
                                         exchange or association or had a securities or commodities license or registration denied,
                                         suspended or revoked.

 

		8.	The
                                         undersigned has full right and power, without violating any agreement by which he or
                                         she is bound, to enter into this Letter Agreement and to serve as a director or officer
                                         of the Company, as applicable.

 

		9.	The
                                         undersigned hereby waives his or her right to exercise conversion/redemption rights with
                                         respect to any of the Company’s Common Stock owned or to be owned by the undersigned,
                                         directly or indirectly, whether such shares be part of the Founder Shares or IPO Shares,
                                         and agrees that he or she will not seek conversion/redemption with respect to such shares
                                         (or sell such shares to the Company in any tender offer) in connection with any vote
                                         to approve a Business Combination or any amendment to the Charter.

 

		10.	The
                                         undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article
                                         Sixth of the Charter prior to the consummation of a Business Combination unless the Company
                                         provides public shareholders with the opportunity to convert/redeem their IPO Shares
                                         upon such approval in accordance with such Article Sixth thereof.

 

		11.	Intentionally
                                         Omitted.

 

		12.	This
                                         Letter Agreement shall be governed by and construed and enforced in accordance with 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
                                         undersigned hereby (i) agrees that any action, proceeding or claim against him arising
                                         out of or relating in any way to this Letter Agreement shall be brought and enforced
                                         in the courts of the State of New York of the United States of America for the Southern
                                         District of New York, and irrevocably submits to such jurisdiction, which jurisdiction
                                         shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that
                                         such courts represent an inconvenient forum.

 

		13.	As
                                         used herein, (i) a “Business Combination” shall mean a merger,
                                         share exchange, asset acquisition, stock purchase, recapitalization, reorganization or
                                         other similar business combination with one or more businesses or entities; (ii) “Insiders”
                                         shall mean all officers, directors and sponsors of the Company immediately prior to the
                                         IPO; (iii) “Founder Shares” shall mean the 2,156,250 shares
                                         of Common Stock of the Company acquired by Insiders prior to the IPO; (iv) “IPO
                                         Shares” shall mean the shares of Common Stock issued in the Company’s
                                         IPO; (v) “Private Placement Units” and “Private
                                         Placement Shares” shall mean the units and underlying shares of Common
                                         Stock, respectively, that are being sold privately by the Company simultaneously with
                                         the consummation of the IPO; (vi) “Trust Account” shall mean
                                         the trust account into which the net proceeds of the Company’s IPO and a portion
                                         of the proceeds from the sale of the Private Placement Units will be deposited; and (vii)
                                         “Registration Statement” means the Company’s registration
                                         statement on Form S-1 (SEC File No. 333-236852) filed with the Securities and Exchange
                                         Commission, as amended.

 

		14.	This
                                         Letter Agreement constitutes the entire agreement and understanding of the parties hereto
                                         in respect of the subject matter hereof and supersedes all prior understandings, agreements,
                                         or representations by or among the parties hereto, written or oral, to the extent they
                                         relate in any way to the subject matter hereof or the transactions contemplated hereby.
                                         This Letter Agreement may not be changed, amended, modified or waived (other than to
                                         correct a typographical error) as to any particular provision, except by a written instrument
                                         executed by all parties hereto.

 

		15.	The
                                         undersigned acknowledges and understands that the Representatives and the Company will
                                         rely upon the agreements, representations and warranties set forth herein in proceeding
                                         with the IPO. Nothing contained herein shall be deemed to render the Representatives
                                         a representative of, or a fiduciary with respect to, the Company, its shareholders or
                                         any creditor or vendor of the Company with respect to the subject matter hereof.

 

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		16.	This
                                         Letter Agreement shall be binding on the undersigned and such person’s respective
                                         successors, heirs, personal representatives and assigns. This Letter Agreement shall
                                         terminate on the earlier of (i) the consummation of a Business Combination and (ii) the
                                         liquidation of the Company; provided that such termination shall not relieve the undersigned
                                         from liability for any breach of this agreement prior to its termination. The parties
                                         hereto may not assign either this Letter Agreement or any of their rights, interests,
                                         or obligations hereunder without the prior written consent of the other party. Any purported
                                         assignment in violation of this paragraph shall be void and ineffectual and shall not
                                         operate to transfer or assign any interest or title to the purported assignee.

 

[Signature
Page Follows]

 

    5

     

    

 

	 	Sincerely,
	 	 
	 		/s/
Anthony Stoss 

	 	 	Anthony
    Stoss

 

     

     

    

 

	 	Acknowledged
and Agreed: 

	 	Roth
    CH Acquisition I Co.
	 	By:	/s/
    Byron Roth
	 	 	Name:
    Byron Roth
	 	 	Title:
      Chief Executive Officer

 

     

     

    

 

May
4, 2020

 

Roth
CH Acquisition I Co.

888 San Clemente Drive, Suite 400

Newport Beach, CA 92660

 

Roth
Capital Partners, LLC

888 San Clemente Drive, Suite 400

Newport Beach, CA 92660

 

Craig-Hallum
Capital Group LLC

222 South Ninth Street, Suite 350

Minneapolis, MN 55402

 

Re:
Initial Public Offering

 

Ladies
and Gentlemen:

 

This
letter (the “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement
(the “Underwriting Agreement”) entered into by and between Roth CH Acquisition I Co., a Delaware corporation
(the “Company”) and Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC (the “Representatives”),
relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”),
each Unit comprised of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”),
and one-half of one redeemable warrant, each whole warrant exercisable for one share of Common Stock (each, a “Warrant”).
Certain capitalized terms used herein are defined in paragraph 13 hereof.

 

In
order to induce the Company and the Representatives to enter into the Underwriting Agreement and to proceed with the IPO, and
in recognition of the benefit that such IPO will confer upon the undersigned, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

		1.	If
                                         the Company solicits approval of its shareholders of a Business Combination, the undersigned
                                         will vote all shares beneficially owned by him or her, whether acquired before, in or
                                         after the IPO, in favor of such Business Combination.

 

		2.	In
                                         the event that the Company fails to consummate a Business Combination within the time
                                         period set forth in the Company’s amended and restated certificate of incorporation,
                                         as the same may be further amended from time to time (the “Charter”),
                                         the undersigned will, as promptly as possible, take all necessary actions to cause the
                                         Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly
                                         as reasonably possible, but not more than 10 business days thereafter, redeem the IPO
                                         Shares, at a per-share price, payable in cash, equal to the aggregate amount then on
                                         deposit in the Trust Account, including interest earned on the Trust Account not previously
                                         released to the Company (less taxes payable), divided by the number of then outstanding
                                         IPO Shares, which redemption will completely extinguish public shareholders’ rights
                                         as shareholders (including the right to receive further liquidation distributions, if
                                         any), and (iii) as promptly as reasonably possible following such redemption, subject
                                         to the approval of the Company’s remaining shareholders and the Company’s
                                         board of directors, dissolve and liquidate, subject in the cases of clauses (ii) and
                                         (iii) to the Company’s obligations under Delaware law to provide for claims of
                                         creditors and other requirements of applicable law. The undersigned hereby waives any
                                         and all right, title, interest or claim of any kind in or to any distribution of the
                                         Trust Account (“Claim”) and any remaining net assets of the
                                         Company as a result of such liquidation with respect to the Founder Shares and Private
                                         Placement Shares owned by the undersigned and hereby waives any Claim the undersigned
                                         may have in the future as a result of, or arising out of, any contracts or agreements
                                         with the Company and will not seek recourse against the Trust Account for any reason
                                         whatsoever. However, if any of the undersigned have acquired IPO Shares in or after the
                                         IPO, they will be entitled to liquidating distributions from the Trust Account with respect
                                         to such IPO Shares in the event that the Company fails to consummate a Business Combination
                                         within the time period set forth in the Charter. The undersigned acknowledges and agrees
                                         that there will be no distribution from the Trust Account with respect to any Warrants,
                                         all rights of which will terminate on the Company’s liquidation.

 

     

     

    

 

		3.	The
                                         undersigned acknowledges and agrees that prior to entering into a definitive agreement
                                         for a Business Combination with a target business that is affiliated with the undersigned
                                         or any other Insiders of the Company or their affiliates, such transaction must be approved
                                         by a majority of the Company’s disinterested independent directors and the Company
                                         must obtain an opinion from an independent investment banking firm or another independent
                                         entity that commonly renders valuation opinions that such Business Combination is fair
                                         to the Company’s shareholders from a financial point of view.

 

		4.	None
                                         of the undersigned, any member of the family of any of the undersigned, or any affiliate
                                         of the undersigned will be entitled to receive and will not accept any compensation or
                                         other cash payment prior to, or for services rendered in order to effectuate, the consummation
                                         of the Business Combination; provided that the Company shall be allowed to make the payments
                                         set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The
                                         Offering—Limited payments to insiders.”

 

		5.	In
                                         the event of the liquidation of the Trust Fund, the undersigned agrees to indemnify and
                                         hold harmless the Company against any and all loss, liability, claims, damage and expense
                                         whatsoever (including, but not limited to, any and all legal or other expenses reasonably
                                         incurred in investigating, preparing or defending against any litigation, whether pending
                                         or threatened, or any claim whatsoever) which the Company may become subject as a result
                                         of any claim by any target business or vendor or other person who is owed money by the
                                         Company for services rendered or products sold or contracted for, but only to the extent
                                         necessary to ensure that such loss, liability, claim, damage or expense does not reduce
                                         the amount of funds in the Trust Fund; provided that such indemnity shall not
                                         apply (i) if such target business, vendor or other person has executed an agreement waiving
                                         any claims against the Trust Fund or (ii) as to any claims under the Company’s
                                         obligations to indemnify the Underwriters against certain liabilities, including liabilities
                                         under the Securities Act.

 

		(a)	The
                                         undersigned agrees that the Founder Shares may not be transferred, assigned or sold (except
                                         to certain permitted transferees as described in the Registration Statement or herein)
                                         (the “Lockup”) until the earlier to occur of: (1) six (6) months
                                         after the completion of a Business Combination or (2) the date following the completion
                                         of the Company’s initial Business Combination on which the Company completes a
                                         liquidation, merger, share exchange, reorganization or other similar transaction that
                                         results in all of the Company’s shareholders having the right to exchange their
                                         shares of Common Stock for cash, securities or other property. Notwithstanding the foregoing,
                                         if the closing price of the Company’s Common Stock equals or exceeds $12.50 per
                                         share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations
                                         and the like) for any 20 trading days within any 30-trading day period commencing after
                                         the Company’s initial Business Combination, 50% of the Founder Shares will be released
                                         from the Lockup.

 

		(b)	The
                                         undersigned will not, without the prior written consent of the Representatives pursuant
                                         to the Underwriting Agreement, offer, sell, contract to sell, pledge, hedge or otherwise
                                         dispose of (or enter into any transaction that is designed to, or might reasonably be
                                         expected to, result in the disposition (whether by actual disposition or effective economic
                                         disposition due to cash settlement or otherwise) by the undersigned or any affiliate
                                         of the undersigned or any person in privity with the undersigned or any affiliate of
                                         the undersigned), directly or indirectly, including the filing (or participation in the
                                         filing) of a registration statement with the Securities and Exchange Commission in respect
                                         of, or establish or increase a put equivalent position or liquidate or decrease a call
                                         equivalent position within the meaning of Section 16 of the Securities Exchange Act of
                                         1934, as amended, and the rules and regulations of the Securities and Exchange Commission
                                         promulgated thereunder with respect to, any other Units, Common Stock or Warrants of
                                         the Company or any securities convertible into, or exercisable, or exchangeable for,
                                         shares of Common Stock or publicly announce an intention to effect any such transaction,
                                         for a period of 180 days after the date of the Underwriting Agreement.

 

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		(c)	The
                                         undersigned agrees that until the Company consummates an initial Business Combination,
                                         the undersigned’s Private Placement Units will be subject to the transfer restrictions
                                         described in the Subscription Agreement, dated as of [•], 2020, by and between the
                                         Insiders and the Company relating to the undersigned’s Private Placement Units.

 

		(d)	Notwithstanding
                                         the provisions set forth in paragraphs 5(a) and (c), transfers, assignments and sales
                                         (a “Transfer”) by the undersigned of the Founder Shares, Private
                                         Placement Units and Common Stock issued or issuable upon the exercise of the Private
                                         Placement Units or conversion of the Founder Shares are permitted if the Transfer (i)
                                         is among the insiders, to the Company’s officers, directors, advisors or employees;
                                         (ii) is to an Insider’s affiliates or its members upon liquidation; (iii) is to
                                         relatives and trusts for estate planning purposes; (iv) is by virtue of the law of descent
                                         and distribution upon death; (v) is pursuant to a qualified domestic relations order;
                                         (vi) involves a private sale made at a price no greater than the price at which the Founder
                                         Shares, Private Placement Units or Common Stock were originally purchased; or (vii) is
                                         to the Company for cancellation in connection with the consummation of the Business Combination,
                                         in each case (except for clause (vii)) where the transferee agrees to the terms of the
                                         escrow agreement and forfeiture, as the case may be, as well as the other applicable
                                         restrictions and agreements of the holders of the Founder Shares.

 

		(e)	The
                                         undersigned acknowledges and agrees that if, in order to consummate any Business Combination,
                                         the holders of Founder Shares or Private Placement Units are required to contribute back
                                         to the capital of the Company a portion of any such securities to be cancelled by the
                                         Company or transfer any such securities to third parties, the undersigned will contribute
                                         back to the capital of the Company or transfer to such third parties, at no cost, a proportionate
                                         number of Founder Shares or Private Placement Units, as applicable, pro rata with the
                                         other holders of Founder Shares or Private Placement Units, as applicable.

 

		6.	

 

		(a)	In
                                         order to minimize potential conflicts of interest that may arise from multiple corporate
                                         affiliations, the undersigned hereby agrees that until the earliest of the Company’s
                                         initial Business Combination or liquidation, the undersigned shall present to the Company
                                         for its consideration, prior to presentation to any other entity, any target business
                                         that has a fair market value of at least 80% of the assets held in the Trust Account
                                         (excluding the amount of deferred underwriting discounts held in trust and taxes payable
                                         on the interest earned on the trust account), subject to any existing or future fiduciary
                                         or contractual obligations the undersigned might have.

 

		(b)	The
                                         undersigned hereby agrees and acknowledges that (i) the Representatives and the Company
                                         would be irreparably injured in the event of a breach of the obligations under paragraph
                                         6(a) above, (ii) monetary damages may not be an adequate remedy for such breach and (iii)
                                         the non-breaching party shall be entitled to injunctive relief, in addition to any other
                                         remedy that such party may have in law or in equity, in the event of such breach.

 

		7.	The
                                         undersigned represents and warrants that:

 

		(a)	He
                                         or she is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist
                                         order or order or stipulation to desist or refrain from any act or practice relating
                                         to the offering of securities in any jurisdiction;

 

		(b)	He
                                         or she has never been convicted of or pleaded guilty to any crime (i) involving any fraud
                                         or (ii) relating to any financial transaction or handling of funds of another person,
                                         or (iii) pertaining to any dealings in any securities and he is not currently a defendant
                                         in any such criminal proceeding; and

 

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		(c)	he
                                         or she has never been suspended or expelled from membership in any securities or commodities
                                         exchange or association or had a securities or commodities license or registration denied,
                                         suspended or revoked.

 

		8.	The
                                         undersigned has full right and power, without violating any agreement by which he or
                                         she is bound, to enter into this Letter Agreement and to serve as a director or officer
                                         of the Company, as applicable.

 

		9.	The
                                         undersigned hereby waives his or her right to exercise conversion/redemption rights with
                                         respect to any of the Company’s Common Stock owned or to be owned by the undersigned,
                                         directly or indirectly, whether such shares be part of the Founder Shares or IPO Shares,
                                         and agrees that he or she will not seek conversion/redemption with respect to such shares
                                         (or sell such shares to the Company in any tender offer) in connection with any vote
                                         to approve a Business Combination or any amendment to the Charter.

 

		10.	The
                                         undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article
                                         Sixth of the Charter prior to the consummation of a Business Combination unless the Company
                                         provides public shareholders with the opportunity to convert/redeem their IPO Shares
                                         upon such approval in accordance with such Article Sixth thereof.

 

		11.	Intentionally
                                         Omitted.

 

		12.	This
                                         Letter Agreement shall be governed by and construed and enforced in accordance with 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
                                         undersigned hereby (i) agrees that any action, proceeding or claim against him arising
                                         out of or relating in any way to this Letter Agreement shall be brought and enforced
                                         in the courts of the State of New York of the United States of America for the Southern
                                         District of New York, and irrevocably submits to such jurisdiction, which jurisdiction
                                         shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that
                                         such courts represent an inconvenient forum.

 

		13.	As
                                         used herein, (i) a “Business Combination” shall mean a merger,
                                         share exchange, asset acquisition, stock purchase, recapitalization, reorganization or
                                         other similar business combination with one or more businesses or entities; (ii) “Insiders”
                                         shall mean all officers, directors and sponsors of the Company immediately prior to the
                                         IPO; (iii) “Founder Shares” shall mean the 2,156,250 shares
                                         of Common Stock of the Company acquired by Insiders prior to the IPO; (iv) “IPO
                                         Shares” shall mean the shares of Common Stock issued in the Company’s
                                         IPO; (v) “Private Placement Units” and “Private
                                         Placement Shares” shall mean the units and underlying shares of Common
                                         Stock, respectively, that are being sold privately by the Company simultaneously with
                                         the consummation of the IPO; (vi) “Trust Account” shall mean
                                         the trust account into which the net proceeds of the Company’s IPO and a portion
                                         of the proceeds from the sale of the Private Placement Units will be deposited; and (vii)
                                         “Registration Statement” means the Company’s registration
                                         statement on Form S-1 (SEC File No. 333-236852) filed with the Securities and Exchange
                                         Commission, as amended.

 

		14.	This
                                         Letter Agreement constitutes the entire agreement and understanding of the parties hereto
                                         in respect of the subject matter hereof and supersedes all prior understandings, agreements,
                                         or representations by or among the parties hereto, written or oral, to the extent they
                                         relate in any way to the subject matter hereof or the transactions contemplated hereby.
                                         This Letter Agreement may not be changed, amended, modified or waived (other than to
                                         correct a typographical error) as to any particular provision, except by a written instrument
                                         executed by all parties hereto.

 

		15.	The
                                         undersigned acknowledges and understands that the Representatives and the Company will
                                         rely upon the agreements, representations and warranties set forth herein in proceeding
                                         with the IPO. Nothing contained herein shall be deemed to render the Representatives
                                         a representative of, or a fiduciary with respect to, the Company, its shareholders or
                                         any creditor or vendor of the Company with respect to the subject matter hereof.

 

    4

     

    

 

		16.	This
                                         Letter Agreement shall be binding on the undersigned and such person’s respective
                                         successors, heirs, personal representatives and assigns. This Letter Agreement shall
                                         terminate on the earlier of (i) the consummation of a Business Combination and (ii) the
                                         liquidation of the Company; provided that such termination shall not relieve the undersigned
                                         from liability for any breach of this agreement prior to its termination. The parties
                                         hereto may not assign either this Letter Agreement or any of their rights, interests,
                                         or obligations hereunder without the prior written consent of the other party. Any purported
                                         assignment in violation of this paragraph shall be void and ineffectual and shall not
                                         operate to transfer or assign any interest or title to the purported assignee.

 

[Signature
Page Follows]

 

    5

     

    

 

	 	Sincerely,
	 	 
	 		/s/
                                         Ted Roth

	 	 	Ted
    Roth

 

     

     

    

 

	 	Acknowledged
                    and Agreed: 

	 	Roth
    CH Acquisition I Co.
	 	By:	/s/
    Byron Roth
	 	 	Name:
    Byron Roth
	 	 	Title:
      Chief Executive OfficerExhibit 10.2

 

INVESTMENT
MANAGEMENT TRUST AGREEMENT

 

This
Investment Management Trust Agreement (this “Agreement”) is made as of May 4, 2020 by and between Roth CH Acquisition
I Co. (the “Company”) and Continental Stock Transfer & Trust Company, a New York corporation (the “Trustee”).

 

WHEREAS,
the Company’s registration statement on Form S-1, No. 333-236852 (“Registration Statement”), for its initial
public offering of securities (“IPO”) has been declared effective as of the date hereof (“Effective Date”)
by the U.S. Securities and Exchange Commission (capitalized terms used herein and not otherwise defined shall have the meanings
set forth in the Registration Statement); and

 

WHEREAS,
Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC (collectively, the “Representatives”) are jointly acting
as the representatives of the underwriters (collectively, the “Underwriters”) in the IPO pursuant to an underwriting
agreement between the Company and the Underwriters (“Underwriting Agreement”); and

 

WHEREAS,
simultaneously with the IPO, initial stockholders of the Company will be purchasing up to 285,000 private units (“Private
Placement Units”) from the Company for an aggregate purchase price of up to $2,850,000; and

 

WHEREAS,
as described in the Registration Statement, and in accordance with the Company’s Amended and Restated Certificate of Incorporation,
as the same may be amended from time to time (the “Charter”), $75,000,000 of the gross proceeds of the IPO and sale
of the Private Placement Units ($86,250,000 if the underwriters’ over-allotment option is exercised in full) will be delivered
to the Trustee to be deposited and held in a segregated trust account located at all times in the United States (the “Trust
Account”) for the benefit of the Company and the holders of the Company’s shares of common stock, par value $0.0001
per share (“Common Stock”), issued in the IPO as hereinafter provided (the amount to be delivered to the Trustee will
be referred to herein as the “Property”; the shareholders for whose benefit the Trustee shall hold the Property will
be referred to as the “Public Shareholders,” and the Public Shareholders and the Company will be referred to together
as the “Beneficiaries”); and

 

WHEREAS,
pursuant to the Underwriting Agreement, a portion of the Property equal to $2,625,000, or $3,018,750 if the underwriters’
over-allotment option is exercised in full, is attributable to deferred underwriting discounts and commissions that may become
payable by the Company to the underwriters upon the consummation of an initial business combination (as described in the Registration
Statement, a “Business Combination”) (the “Deferred Discount”); and

 

WHEREAS,
the Company and the Trustee desire to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee
shall hold the Property.

 

IT
IS AGREED:

 

1.            
Agreements and Covenants of Trustee. The
Trustee hereby agrees and covenants to:

 

(a)                Hold the Property in trust for the Beneficiaries
in accordance with the terms of this Agreement in a segregated trust account (“Trust Account”) established by the
Trustee in the United States at JPMorgan Chase Bank, N.A., (or at another U.S chartered commercial bank with consolidated assets
of $100 billion or more) maintained by Trustee, and at a brokerage institution selected by the Trustee that is reasonably satisfactory
to the Company;

 

(b)               
Manage, supervise and administer the Trust Account
subject to the terms and conditions set forth herein;

 

(c)               
In a timely manner, upon the instruction of the
Company, invest and reinvest the Property (i) in United States government treasury bills, notes or bonds having a maturity of
185 days or less and/or (ii) in money market funds meeting certain conditions under Rule 2a-7 promulgated under the Investment
Company Act of 1940, as amended, and that invest solely in U.S. treasuries, as determined by the Company; it being understood
that the Trust Account will earn no interest while account funds are uninvested awaiting the Company’s instructions hereunder
and that Trustee may earn bank credits or other consideration;

 

     

     

    

 

(d)               
Collect and receive, when due, all principal
and income arising from the Property, which shall become part of the “Property,” as such term is used herein;

 

(e)                
Notify the Company and the Underwriters of all
communications received by it with respect to any Property requiring action by the Company;

 

(f)                 Supply
any necessary information or documents as may be requested by the Company in connection with the Company’s preparation of
its tax returns;

 

(g)                Participate
in any plan or proceeding for protecting or enforcing any right or interest arising from the Property if, as and when instructed
by the Company to do so;

 

(h)                Render
to the Company monthly written statements of the activities of and amounts in the Trust Account reflecting all receipts and disbursements
of the Trust Account; and

 

(i)                 Commence
liquidation of the Trust Account only after and promptly after receipt of, and only in accordance with, the terms of a letter
(“Termination Letter”), in a form substantially similar to that attached hereto as either Exhibit A or Exhibit B,
signed on behalf of the Company by its President, Chief Executive Officer or Chairman of the Board and Secretary or Assistant
Secretary and, in the case of a Termination Letter in a form substantially similar to that attached hereto as Exhibit A, acknowledged
and agreed to by the Representatives, and complete the liquidation of the Trust Account and distribute the Property in the Trust
Account only as directed in the Termination Letter and the other documents referred to therein; provided, however, that in the
event that a Termination Letter has not been received by the Trustee within the period of time provided in the Company’s
Amended and Restated Certificate of Incorporation, as the same may be amended from time to time (“Last Date”), the
Trust Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit B
hereto and distributed to the Public Shareholders as of the Last Date.

 

(j)                 
Intentionally Omitted

 

(k)
                Upon receipt of a letter (an “Amendment
Notification Letter”) in the form of Exhibit D, signed on behalf of the Company by its Chief Executive Officer and Chief
Financial Officer and, distribute to Public Stockholders who exercised their conversion rights in connection with an amendment
to Article Sixth of the Company’s amended and restated certificate of incorporation (an “Amendment”) an amount
equal to the pro rata share of the Property relating to the Common Stock for which such Public Stockholders have exercised conversion/redemption
rights in connection with such Amendment.

 

2.            
Limited Distributions of Income from Trust
Account.

 

(a)                Upon
written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto
as Exhibit C, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested
by the Company to cover any income or other tax obligation owed by the Company.

 

(b)               
The limited distributions referred to in Section
2(a) above shall be made only from income collected on the Property. Except as provided in Section 2(a), no other distributions
from the Trust Account shall be permitted except in accordance with Section 1(i) and 1(k) hereof.

 

(c)                
The Company shall provide the Representatives
with a copy of any Termination Letters and/or any other correspondence that it issues to the Trustee with respect to any proposed
withdrawal from the Trust Account promptly after such issuance.

 

     

     

    

 

3.            
Agreements and Covenants of the Company.
The Company hereby agrees and covenants to:

 

(a)                
Give all instructions to the Trustee hereunder
in writing, signed by the Company’s Chairman of the Board, Chief Executive Officer or Chief Financial Officer. In addition,
except with respect to its duties under paragraphs 1(i), 2(a) and 2(b) above, the Trustee shall be entitled to rely on, and shall
be protected in relying on, any verbal or telephonic advice or instruction which it in good faith believes to be given by any
one of the persons authorized above to give written instructions, provided that the Company shall promptly confirm such instructions
in writing.

 

(b)               
Subject to the provisions of Sections 5 and 7(g)
of this Agreement, hold the Trustee harmless and indemnify the Trustee from and against, any and all expenses, including reasonable
counsel fees and disbursements, or loss suffered by the Trustee in connection with any claim, potential claim, action, suit or
other proceeding brought against the Trustee involving any claim, or in connection with any claim or demand which in any way arises
out of or relates to this Agreement, the services of the Trustee hereunder, or the Property or any income earned from investment
of the Property, except for expenses and losses resulting from the Trustee’s gross negligence or willful misconduct. Promptly
after the receipt by the Trustee of notice of demand or claim or the commencement of any action, suit or proceeding, pursuant
to which the Trustee intends to seek indemnification under this paragraph, it shall notify the Company in writing of such claim
(hereinafter referred to as the “Indemnified Claim”); provided, however, that the Trustee’s failure to provide
such notice shall not relieve the Company of its liability hereunder, except to the extent that it is materially prejudiced by
such failure. The Trustee shall have the right to conduct and manage the defense against such Indemnified Claim, provided, that
the Trustee shall obtain the consent of the Company with respect to the selection of counsel, which consent shall not be unreasonably
withheld. The Trustee may not agree to settle any Indemnified Claim without the prior written consent of the Company, which consent
shall not be unreasonably withheld or delayed. The Company may participate in such action with its own counsel.

 

(c)                Pay
the Trustee an initial acceptance fee, an annual fee and a transaction processing fee for each disbursement made pursuant to Sections
2(a) and 2(b) as set forth on Schedule A hereto, which fees shall be subject to modification by the parties from time to time.
It is expressly understood that the Property shall not be used to pay such fees and further agreed that any fees owed to the Trustee
shall be deducted by the Trustee from the disbursements made to the Company pursuant to Sections 1(i) solely in connection with
the consummation of the Company’s initial acquisition, share exchange, share reconstruction and amalgamation, purchase of
all or substantially all of the assets of, or any other similar business combination with one or more businesses or entities (a
 “Business Combination”), or pursuant to Section 2 (b). The Company shall pay the Trustee the initial acceptance fee
and first year’s fee at the consummation of the IPO and thereafter on the anniversary of the Effective Date.

 

(d)                In
connection with any vote of the Company’s shareholders regarding a Business Combination, provide to the Trustee an affidavit
or certificate of a firm regularly engaged in the business of soliciting proxies and/or tabulating shareholder votes verifying
the vote of the Company’s shareholders regarding such Business Combination.

 

(e)                In
the event that the Company directs the Trustee to commence liquidation of the Trust Account pursuant to Section 1(i), the Company
agrees that it will not direct the Trustee to make any payments that are not specifically authorized by this Agreement.

 

4.            
Limitations of Liability. The Trustee
shall have no responsibility or liability to:

 

(a)                Take
any action with respect to the Property, other than as directed in paragraphs 1 and 2 hereof and the Trustee shall have no liability
to any party except for liability arising out of its own gross negligence or willful misconduct;

 

(b)                Institute
any proceeding for the collection of any principal and income arising from, or institute, appear in or defend any proceeding of
any kind with respect to, any of the Property unless and until it shall have received instructions from the Company given as provided
herein to do so and the Company shall have advanced or guaranteed to it funds sufficient to pay any expenses incident thereto;

 

     

     

    

 

(c)                Change
the investment of any Property, other than in compliance with paragraph 1(c);

 

(d)                Refund
any depreciation in principal of any Property;

 

(e)                Assume
that the authority of any person designated by the Company to give instructions hereunder shall not be continuing unless provided
otherwise in such designation, or unless the Company shall have delivered a written revocation of such authority to the Trustee;

 

(f)                 The
other parties hereto or to anyone else for any action taken or omitted by it, or any action suffered by it to be taken or omitted,
in good faith and in the exercise of its own best judgment, except for its gross negligence or willful misconduct. The Trustee
may rely conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion or advice of counsel
(including counsel chosen by the Trustee), statement, instrument, report or other paper or document (not only as to its due execution
and the validity and effectiveness of its provisions, but also as to the truth and acceptability of any information therein contained)
which is believed by the Trustee, in good faith, to be genuine and to be signed or presented by the proper person or persons.
The Trustee shall not be bound by any notice or demand, or any waiver, modification, termination or rescission of this Agreement
or any of the terms hereof, unless evidenced by a written instrument delivered to the Trustee signed by the proper party or parties
and, if the duties or rights of the Trustee are affected, unless it shall give its prior written consent thereto;

 

(g)                Verify
the correctness of the information set forth in the Registration Statement or to confirm or assure that any acquisition made by
the Company or any other action taken by it is as contemplated by the Registration Statement;

 

(h)                File
local, state and/or federal tax returns or information returns with any taxing authority on behalf of the Trust Account and payee
statements with the Company documenting the taxes, if any, payable by the Company or the Trust Account, relating to the income
earned on the Property;

 

(i)                 
Pay any taxes on behalf of the Trust Account
(it being expressly understood that the Property shall not be used to pay any such taxes and that such taxes, if any, shall be
paid by the Company from funds not held in the Trust Account or released to it under Section 2(a) hereof);

 

(j)                 
Imply obligations, perform duties, inquire or
otherwise be subject to the provisions of any agreement or document other than this agreement and that which is expressly set
forth herein; and

 

(k)                Verify
calculations, qualify or otherwise approve Company requests for distributions pursuant to Section 1(i), 1(k), 2(a) or 2(b) above.

 

5.           
Trust Account Waiver. The Trustee has
no right of set-off or any right, title, interest or claim of any kind (“Claim”) to, or to any monies in, the Trust
Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it may have now or in the future.
In the event the Trustee has any Claim against the Company under this Agreement, including, without limitation, under Section
3(b) or Section 3(c) hereof, the Trustee shall pursue such Claim solely against the Company and its assets outside the Trust Account
and not against the Property or any monies in the Trust Account.

 

6.           
Termination. This Agreement shall terminate
as follows:

 

(a)                If
the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company shall use its reasonable
efforts to locate a successor trustee during which time the Trustee shall act in accordance with this Agreement. At such time
that the Company notifies the Trustee that a successor trustee has been appointed by the Company and has agreed to become subject
to the terms of this Agreement, the Trustee shall transfer the management of the Trust Account to the successor trustee, including
but not limited to the transfer of copies of the reports and statements relating to the Trust Account, whereupon this Agreement
shall terminate; provided, however, that, in the event that the Company does not locate a successor trustee within ninety days
of receipt of the resignation notice from the Trustee, the Trustee may submit an application to have the Property deposited with
any court in the State of New York or with the United States District Court for the Southern District of New York and upon such
deposit, the Trustee shall be immune from any liability whatsoever; or 

 

     

     

    

 

(b)               
At such time that the Trustee has completed the
liquidation of the Trust Account in accordance with the provisions of paragraph 1(i) hereof, and distributed the Property in accordance
with the provisions of the Termination Letter, this Agreement shall terminate except with respect to Paragraph 3(b).

 

7.            
Miscellaneous.

 

(a)                
The Company and the Trustee each acknowledge
that the Trustee will follow the security procedures set forth below with respect to funds transferred from the Trust Account.
The Company and the Trustee will each restrict access to confidential information relating to such security procedures to authorized
persons. Each party must notify the other party immediately if it has reason to believe unauthorized persons may have obtained
access to such information, or of any change in its authorized personnel. In executing funds transfers, the Trustee will rely
upon all information supplied to it by the Company, including account names, account numbers and all other identifying information
relating to a beneficiary, beneficiary’s bank or intermediary bank. The Trustee shall not be liable for any loss, liability
or expense resulting from any error in the information or transmission of the wire.

 

(b)               
This Agreement shall be governed by and construed
and enforced in accordance with 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. It may be executed in several original or facsimile
counterparts, each one of which shall constitute an original, and together shall constitute but one instrument.

 

(c)                
This Agreement contains the entire agreement
and understanding of the parties hereto with respect to the subject matter hereof. Except for Sections 1(i), 1(k), 7(c) and 7(h)
(which may only be amended with the approval of the holders of at least 50% of the shares of common stock sold in the IPO, provided
that all Public Shareholders must be given the right to receive a pro-rata portion of the trust account (no less than $10.00 per
share plus the amount per share deposited in the Trust Account pursuant to any Extension Letter) in connection with any such amendment),
this Agreement or any provision hereof may only be changed, amended or modified by a writing signed by each of the parties hereto;
provided, however, that no such change, amendment or modification may be made without the prior written consent of the Representatives.
As to any claim, cross-claim or counterclaim in any way relating to this Agreement, each party waives the right to trial by jury.
The Trustee may require from Company counsel an opinion as to the propriety of any proposed amendment.

 

(d)               
The parties hereto consent to the jurisdiction
and venue of any state or federal court located in the City of New York, Borough of Manhattan, for purposes of resolving any disputes
hereunder.

 

(e)                
Any notice, consent or request to be given in
connection with any of the terms or provisions of this Agreement shall be in writing and shall be sent by express mail or similar
private courier service, by certified mail (return receipt requested), by hand delivery or by facsimile transmission:

 

if
to the Trustee, to:

 

Continental
Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf and Celeste Gonzalez 

Email:
fwolf@continentalstock.com 

Email:
cgonzalez@continentalstock.com

 

if
to the Company, to:

 

Roth
CH Acquisition I Co.

888 San Clemente Drive, Suite 400

Newport Beach, CA 92660

Attn: Byron Roth

 

     

     

    

 

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

 

Roth
Capital Partners, LLC

888 San Clemente Drive, Suite 400

Newport Beach, CA 92660

Attn: Byron Roth

 

and:

 

Craig-Hallum
Capital Group LLC

222 South Ninth Street, Suite 350

Minneapolis, MN 55402

Attn: John Lipman

 

and:

 

Loeb
 & Loeb LLP

345 Park Avenue

New York, NY 10154

Attn: Giovanni Caruso

Fax No.: (212) 407-4990

 

and:

 

Graubard
Miller

405 Lexington Avenue

New
York, NY 10174

Attn: David Alan Miller and Jeffrey Gallant

Fax No.: (212) 818-8881

 

(f)                
This Agreement may not be assigned by the Trustee
without the prior consent of the Company.

 

(g)               
Each of the Trustee and the Company hereby represents
that it has the full right and power and has been duly authorized to enter into this Agreement and to perform its respective obligations
as contemplated hereunder. The Trustee acknowledges and agrees that it shall not make any claims or proceed against the Trust
Account, including by way of set-off, and shall not be entitled to any funds in the Trust Account under any circumstance.

 

(h)                This
Agreement is the joint product of the Company and the Trustee and each provision hereof has been subject to the mutual consultation,
negotiation and agreement of such parties and shall not be construed for or against any party hereto.

 

(i)                 This
Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts
shall together constitute one and the same instrument. Delivery of a signed counterpart of this Agreement by facsimile or electronic
transmission shall constitute valid and sufficient delivery thereof.

 

(j)                 Each
of the Company and the Trustee hereby acknowledge that the Underwriters are a third party beneficiary of this Agreement and that
each Public Shareholder is a third party beneficiary of Sections 1(i), 1(k) and 7(c).

 

(k)                Except
as specified herein, no party to this Agreement may assign its rights or delegate its obligations hereunder to any other person
or entity.

 

     

     

    

 

IN
WITNESS WHEREOF, the parties have duly executed this Investment Management Trust Agreement as of the date first written above.

 

	 	CONTINENTAL STOCK TRANSFER &
    TRUST COMPANY, as Trustee
	 	 
	 	By:	 /s/
    Francis Wolf
	 	 	Name: Francis Wolf
	 	 	Title:   Vice President
	 	 
	 	ROTH CH ACQUISITION I CO.
	 	 
	 	By:	 /s/
    Byron Roth
	 	 	Name: Byron Roth
	 	 	Title:   Chief Executive Officer
	 	 

     

     

    

 

SCHEDULE
A

 

	Fee Item	 	Time and method of payment	 	Amount	 
	Initial acceptance fee	 	Initial closing of IPO by wire transfer	 	$	3,500	 
	Annual fee	 	First year, for the initial closing of IPO by wire transfer; thereafter on the anniversary of the effective date of the IPO by wire transfer or check	 	$	10,000	 
	Transaction processing fee for disbursements to Company under Section 2	 	Billed to Company following disbursement made to Company under Section 2	 	$	250	 
	Paying Agent services as required pursuant to section 1(i) and 1(k)	 	Billed to Company upon delivery of service pursuant to section 1(i) and 1(k)	 	 	Prevailing rates	 

     

     

    

 

EXHIBIT
A

 

[Letterhead
of Company]

 

[Insert
date]

 

Continental
Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, N.Y. 10004

Attn: Francis Wolf and Celeste Gonzalez

 

	 	Re:	Trust Account No. - Termination Letter

 

Dear
Mr. Wolf and Ms. Gonzalez:

 

Pursuant
to paragraph 1(i) of the Investment Management Trust Agreement between Roth CH Acquisition I Co. (“Company”) and Continental
Stock Transfer & Trust Company (“Trustee”), dated as of [*], 2020 (“Trust Agreement”), this is to
advise you that the Company has entered into an agreement with [___________] (“Target Business”) to consummate a business
combination with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify
you at least 72 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”).
Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement.

 

In
accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments and to transfer
the proceeds to the above-referenced account at JPMorgan Chase Bank, N.A to the effect that, on the Consummation Date, all of
funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct
on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust operating account awaiting
distribution, the Company will not earn any interest or dividends.

 

On
the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has
been consummated, and (ii) the Company shall deliver to you a certificateby the Chief Executive Office, which verifies the vote
of the Company’s shareholders in connection with the Business Combination if a vote is held and (b) joint written instructions
from the Company and Chardan Capital Markets, LLC with respect to the transfer of the funds held in the Trust Account, which must
provide for the disbursement of no less than $10.00 per share plus the amount per share deposited in the Trust Account per Extension
Letter to redeeming Public Shareholders (“Instruction Letter”). You are hereby directed and authorized to transfer
the funds held in the Trust Account immediately upon your receipt of the counsel’s letter and the Instruction Letter, in
accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated
by the Consummation Date without penalty, you will notify the Company of the same and the Company shall direct you as to whether
such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution
of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated.

  

    A-1

     

    

 

In
the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have
not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written
instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the
business day immediately following the Consummation Date as set forth in the notice.

 

	 	Very truly yours,
	 	 
	 	ROTH CH ACQUISITION I CO.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title: Secretary/Assistant Secretary

 

	Acknowledged and Agreed:	 
	 	 
	Roth Capital Partners, LLC	 
	 	 

	By:	 	 

	Name:   	 
	Title:	 

 

	Craig-Hallum Capital Group LLC	 
	 	 

	By:	 	 

	Name:	 
	Title:	 

  

    A-2

     

    

 

EXHIBIT
B

 

[Letterhead
of Company]

[Insert date]

 

Continental
Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, N.Y. 10004

Attn: Francis Wolf and Celeste Gonzalez

 

	 	Re:	Trust Account No. - Termination Letter

 

Dear
Mr. Wolf and Ms. Gonzalez:

 

Pursuant
to paragraph 1(i) of the Investment Management Trust Agreement between Roth CH Acquisition I Co. (“Company”) and Continental
Stock Transfer & Trust Company (“Trustee”), dated as of [*], 2020 (“Trust Agreement”), this is to
advise you that the Company has been unable to effect a Business Combination with a Target Company within the time frame specified
in the Company’s Amended and Restated Memorandum and Articles of Association, as described in the Company’s prospectus
relating to its IPO. Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement.

 

In
accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate all the Trust Account investments and to
transfer the total proceeds to the Trust Operating Account at JPMorgan Chase Bank N.A. to await distribution to the Public Shareholders.
The Company has selected [         , 20 ] as the effective date for the purpose
of determining when the Public Shareholders will be entitled to receive their share of the liquidation proceeds. It is acknowledged
that no interest will be earned by the Company on the liquidation proceeds while on deposit in the Trust Checking Account. You
agree to be the Paying Agent of record and in your separate capacity as Paying Agent, to distribute said funds directly to the
Public Shareholders in accordance with the terms of the Trust Agreement and the Amended and Restated Memorandum and Articles of
Association of the Company. Upon the distribution of all the funds in the Trust Account, your obligations under the Trust Agreement
shall be terminated.

 

	 	Very truly yours,
	 	 
	 	ROTH CH ACQUISITION I CO.

 

	 	By:	 

	 	Name:
	 	Title:

 

	 	By:	 

	 	Name:
	 	Title: Secretary/Assistant Secretary

 

	cc:	Roth Capital Partners, LLC
	 	Craig-Hallum Capital Group LLC

 

    B-1

     

    

 

EXHIBIT
C

 

[Letterhead
of Company]

[Insert date]

 

Continental
Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, N.Y. 10004

Attn: Francis Wolf and Celeste Gonzalez

 

	 	Re:	Trust Account – Tax Payment Withdrawal
    Instruction

 

Dear
Mr. Wolf and Ms. Gonzalez:

 

Pursuant
to paragraph 2(a) of the Investment Management Trust Agreement between Roth CH Acquisition I Co. (“Company”) and Continental
Stock Transfer & Trust Company (“Trustee”), dated as of [*], 2020 (“Trust Agreement”), the Company
hereby requests that you deliver to the Company [$       ] of the interest income earned
on the Property as of the date hereof. The Company needs such funds to pay for its tax obligations. In accordance with the terms
of the Trust Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt
of this letter to the Company’s operating account at:

 

[WIRE
INSTRUCTION INFORMATION]

 

	 	ROTH CH ACQUISITION I CO.
	 	 
	 	By:   	 
	 	 	Name:
	 	 	Title:
	 	 	 

	cc:	Roth Capital Partners, LLC
	 	Craig-Hallum Capital Group LLC

 

    C-1

     

    

 

EXHIBIT
D

 

[Letterhead
of Company]

[Insert date]

 

Continental
Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, N.Y. 10004

Attn: Francis Wolf and Celeste Gonzalez

 

	 	Re:	Trust Account - Extension Letter

 

Dear
Mr. Wolf and Ms. Gonzalez:

 

Reference
is made to that certain Investment Management Trust Agreement between Roth CH Acquisition I Co. (“Company”) and Continental
Stock Transfer & Trust Company, dated as of [*], 2020 (“Trust Agreement”). Capitalized words used herein and not
otherwise defined shall have the meanings ascribed to them in the Trust Agreement.

 

Pursuant
to Section 1(k) of the Trust Agreement, this is to advise you that the Company has sought an Amendment. Accordingly, in accordance
with the terms of the Trust Agreement, we hereby authorize you to liquidate a sufficient portion of the Trust Account and to transfer
$             of the proceeds of the Trust to the account at JPMorgan
Chase Bank, N.A. for distribution to the stockholders that have requested conversion of their shares in connection with such Amendment.
The remaining funds shall be reinvested by you as previously instructed.

 

	 	ROTH CH ACQUISITION I CO.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	cc:	Roth Capital Partners, LLC
	 	Craig-Hallum Capital Group LLC

 

    D-1

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