Document:

Exhibit 4.1

      

      

      	
              NUMBER

            	
              NUMBER

            
	 	
              C‐

            
	 	
              SHARES

            
	 	
              SEE REVERSE FOR CERTAIN DEFINITIONS

            
	 	
              CUSIP 11778X 104

            

      

      

      BTRS Holdings Inc.

      INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

      CLASS 1 COMMON STOCK

      

      

      This Certifies that

      is the owner of

      FULLY PAID AND NON-ASSESSABLE SHARES OF THE PAR VALUE OF $0.0001 EACH OF THE CLASS 1 COMMON STOCK OF

      BTRS Holdings Inc.

      (THE “COMPANY”)

      transferable on the books of the Company in person or by duly authorized attorney upon surrender of this certificate properly endorsed.

      This certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar.

      Witness the seal of the Company and the facsimile signatures of its duly authorized officers.

      	
              Chief Executive Officer

            	 	
              [Corporate Seal] Delaware

            	 	
              Chief Financial Officer

            

      

      

      
        
          

      

      BTRS Holdings Inc.

      

      

      The Company will furnish without charge to each stockholder who so requests the powers, designations, preferences and relative, participating, optional
        or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights. This certificate and the shares represented thereby are issued and shall be held
        subject to all the provisions of the Company’s amended and restated certificate of incorporation and all amendments thereto and resolutions of the Board of Directors providing for the issue of securities (copies of which may be obtained from the
        secretary of the Company), to all of which the holder of this certificate by acceptance hereof assents. The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in
        full according to applicable laws or regulations:

      	
              TEN COM

            	
              — as tenants in common

            	
              UNIF GIFT MIN ACT

            	
              ________________________Custodian

            

      	
              TEN ENT

            	
              — as tenants by the entireties

            	
              (Cust)

            

      	
              JT TEN

            	
              — as joint tenants with right of survivorship and not as tenants in common

            	
              under Uniform Gifts to Minors Act

              (Minor)

              (State)

            

      

      

      Additional abbreviations may also be used though not in the above list.

      For value received, hereby sells, assigns and transfers unto

      (PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER(S) OF ASSIGNEE(S))

      (PLEASE PRINT OR TYPEWRITE NAME(S) AND ADDRESS(ES), INCLUDING ZIP CODE, OF ASSIGNEE(S))

      shares of the capital stock represented by the within Certificate, and hereby irrevocably constitutes and appoints

      Attorney to transfer the said stock on the books of the within named Company with full power of substitution in the premises.

      	
              Dated:

            	 	 

      NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT
        ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.

      Signature(s) Guaranteed:

      	
              By

            	 	 

      THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH
        MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 (OR ANY SUCCESSOR RULE).Exhibit 4.2

      

      

      Form of Warrant Certificate

      

      

      [FACE]

      

      

      Number

      

      

      Warrants

      

      

      THIS WARRANT SHALL BE NULL AND VOID IF NOT EXERCISED PRIOR

      TO THE EXPIRATION OF THE EXERCISE PERIOD PROVIDED FOR IN THE

      WARRANT AGREEMENT DESCRIBED BELOW

      

      

      BTRS Holdings Inc.

      Incorporated Under the Laws of the State of Delaware

      

      

      CUSIP 11778X 112

      

      

      Warrant Certificate

      

      

      This Warrant Certificate certifies that , or
        registered assigns, is the registered holder of warrant(s) evidenced hereby (the “Warrants” and each, a “Warrant”) to purchase shares of Class 1 common stock, $0.0001 par value per share (“Common Stock”), of BTRS Holdings Inc., a Delaware corporation (the “Company”). Each whole Warrant entitles the holder, upon
        exercise during the period set forth in the Warrant Agreement referred to below, to receive from the Company that number of fully paid and non-assessable shares of Common Stock as set forth below, at the exercise price (the “Warrant Price”) as determined pursuant to the Warrant Agreement, payable in lawful money (or through “cashless exercise” as provided for in the Warrant Agreement) of
        the United States of America upon surrender of this Warrant Certificate and payment of the Warrant Price at the office or agency of the Warrant Agent referred to below, subject to the conditions set forth herein and in the Warrant Agreement.
        Defined terms used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement.

      

      

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

      

      

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

      

      

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

      

      

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

      

      

      This Warrant Certificate shall not be valid unless countersigned by the Warrant Agent, as such term is used in the Warrant Agreement. This Warrant
        Certificate shall be governed by and construed in accordance with the internal laws of the State of New York.

      

      

      	 	
              BTRS Holdings Inc.

            
	 	
              By:

            	 
	 	 	
              Name:

            
	 	 	
              Title:

            
	 	 	 
	 	
              CONTINENTAL STOCK TRANSFER & TRUST COMPANY

            
	 	
              By:

            	 
	 	 	
              Name:

            
	 	 	
              Title:

            

      
        
          

      

      [Form of Warrant Certificate]

      

      

      [Reverse]

      

      

      The Warrants evidenced by this Warrant Certificate are part of a duly authorized issue of Warrants entitling the holder on exercise to receive shares of
        Common Stock and are issued or to be issued pursuant to a Warrant Agreement dated as of     , 2019 (the “Warrant Agreement”), duly executed and
        delivered by the Company to Continental Stock Transfer & Trust Company, a New York corporation, as warrant agent (or successor warrant agent) (collectively, the “Warrant Agent”), which Warrant Agreement is hereby incorporated by reference in and made a part of this instrument and is hereby referred to for a description of the rights, limitation of rights, obligations, duties and
        immunities thereunder of the Warrant Agent, the Company and the holders (the words “holders” or “holder” meaning the Registered Holders or Registered Holder, respectively) of the Warrants. A copy of the Warrant Agreement may be obtained by the holder hereof upon written request to
        the Company. Defined terms used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement.

      

      

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

      

      

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

      

      

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

      

      

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

      

      

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

      

      

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

      
        
          

      

      Election to Purchase

      

      

      (To Be Executed Upon Exercise of Warrant)

      

      

      The undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, to receive shares of Common Stock and herewith
        tenders payment for such shares of Common Stock to the order of BTRS Holdings Inc. (the “Company”) in the amount of $_________________ in
        accordance with the terms hereof. The undersigned requests that a certificate for such shares of Common Stock be registered in the name of ____________________, whose address is ________________ and that such shares of Common Stock be delivered to
        ________________________ whose address is ______________________.  If said number of shares of Common Stock is less than all of the shares of Common Stock purchasable hereunder, the undersigned requests that a new Warrant Certificate representing
        the remaining balance of such shares of Common Stock be registered in the name of ____________, whose address is _____________________, and that such Warrant Certificate be delivered to ___________________________, whose address is
        _______________________________.

      

      

      In the event that the Warrant has been called for redemption by the Company pursuant to Section 6.1 of the Warrant Agreement and the Company has required cashless exercise pursuant to Section 6.3 of the Warrant
        Agreement, the number of shares of Common Stock that this Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(b) and Section 6.3 of the Warrant Agreement.

      

      

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

      

      

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

      

      

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

      

      

      	
              Date:

            	
              (Signature)

            
	 	
              (Address)

            

      
        
          

      

      (Tax Identification Number)

      

      

      Signature Guaranteed:

      

      

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

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