Document:

Exhibit 10.1

 

 

 

MEMBERSHIP INTEREST PURCHASE AGREEMENT

 

This MEMBERSHIP INTEREST
PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of this 15th day of October, 2020 (the “Effective
Date”), by and among BHT Renewables, LLC f/k/a E.N.A. Renewables LLC, a Delaware limited liability company and wholly
owned subsidiary of BioHitech Global, Inc., a Delaware business corporation (“Buyer”), EAST SHORE PORT VENTURES,
LLC, a New York limited liability company (“Seller”), JKS CAPITAL, LLC, a New York limited liability company
(“JKS”), LEK HOLDINGS, LLC, a New York limited liability company (“LEK” and together with
JKS, the “Seller Members).

 

Background

 

WHEREAS, Seller is
a limited liability company organized and operated solely for the purpose of being a real estate holding company and presently
holds a leasehold interest in that certain ninety-nine (99) year lease (the “Lease”) with BASF Corporation
for that certain property located at 36 Riverside Avenue, Rensselaer, New York (the “Property”), a copy of which
is attached hereto as Exhibit A;

 

WHEREAS, the Seller
Members currently own all of the membership interests in Seller; and

 

WHEREAS, Seller and
the Seller Members (collectively, the “Seller Parties”) desire to cause Seller to sell to Buyer, and Buyer desires
to purchase from the Seller , a forty-nine percent (49%) membership interest in Seller, subject to the terms and conditions set
forth herein.

 

Agreement

 

NOW, THEREFORE, in
consideration of the foregoing background, which is fully incorporated herein by reference, and of the representations, warranties,
covenants and agreements set forth in this Agreement, and for other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, and intending to be legally bound, the parties hereto hereby agree as follows:

 

1.                 
Purchase and Sale of Membership Interest. Subject to the terms of this Agreement, the Seller Parties hereby
agree to issue, sell, convey, assign and deliver to Buyer at the Closing (as hereinafter defined), and Buyer hereby agrees to purchase,
acquire and accept from the Seller Parties at the Closing, a forty-nine percent (49%) membership interest in Seller (the “Membership
Interest”), free and clear of any liens, encumbrances, security interests, restrictions and adverse claims of any kind
or nature whatsoever (collectively, “Encumbrances”), along with those certain rights and benefits set forth
in Section 5, below.

 

2.                 
Consideration. Subject to the terms of this Agreement, in consideration of the aforesaid issuance, sale, conveyance,
assignment and delivery of the Membership Interest and those certain rights and benefits set forth in Section 5, below, Buyer hereby
agrees to deliver to the Seller Parties the following consideration (collectively, the “Purchase Price”):

 

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(a)              
Six Hundred Fifty Thousand Dollars ($650,000.00), which shall be paid at Closing from Buyer to Seller by wire transfer in
immediately available funds pursuant to wire instructions provided by the Seller Parties to Buyer, and which shall be immediately
applied by the Seller Parties toward Seller’s outstanding obligations under the Lease, including, but not limited to any
property or school taxes payable for 2020, and insurance; and

 

(b)              
Buyer shall cause to be issued to each of the Seller Members warrants which will entitle each Seller Member to purchase,
at any time within the ensuing five-year period, up to fifty thousand (50,000) shares of the common stock of BioHitech Global,
Inc., a Delaware business corporation (“BioHitech”), at a price per share equal to the price per share, as measured
by the average of the high and low prices as published on the Nasdaq Capital Market on the date of issuance, in substantially the
same forms attached hereto as Exhibit B (the “Warrants”).

 

3.                 
Closing. The consummation of the transactions contemplated by this Agreement (the “Closing”)
shall take place via electronic exchange of duly executed signature pages on or prior to October 19, 2020 (the “Closing
Date”). The Closing shall be deemed effective as of 11:59 p.m. on the Effective Date. At the Closing, the Seller Parties
shall cause the Membership Interest to be issued to Buyer free and clear of all Encumbrances. In addition, the parties shall deliver
all other agreements, documents, instruments or certificates set forth below:

 

(a)           
Delivery by Seller Parties. At the Closing, the Seller Parties shall deliver to Buyer the following:

 

(i) a certificate
representing the issuance of the Membership Interest to Buyer, along with the Option, as that term is defined in Section 5
hereof;

 

(ii) a
certificate of the manager of Seller certifying: (1) that attached thereto are true and complete copies of all resolutions of
the managers and members of the Seller Parties authorizing the execution, delivery, and performance of this Agreement and the
other agreements, instruments, and documents required to be delivered in connection with this Agreement or at the Closing
(collectively, the “Transaction Documents”) to which the Seller Parties are parties and the consummation
of the transactions contemplated hereby and thereby, and that such resolutions are in full force and effect; (2) the names,
titles, and signatures of the representatives of the Seller Parties authorized to sign this Agreement and the other
Transaction Documents; (3) certificates of good standing for Seller and each of the Seller Members from the Department of
State of the State of New York; and (4) that attached thereto are true and complete copies of the governing documents of
Seller and the Seller Members, including any amendments or restatements thereof, and that such governing documents are in
full force and effect;

 

(iii) an estoppel
certificate in a form reasonably acceptable to Buyer regarding the Lease, duly executed by the landlord for the Property;

 

(iv) the A&R
Operating Agreement (defined below), in the form of Exhibit C attached hereto, which shall have incorporated the terms
set forth in Section 5 hereof, duly executed by Seller and the Seller Members; and

 

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(v) any other
agreements, documents, instruments or certificates reasonably requested by Buyer.

 

(b)           
Delivery by Buyer. At the Closing, Buyer shall deliver to the Seller Parties the following:

 

(i) the Purchase
Price in accordance with Section 2 hereof;

 

(ii) the A&R
Operating Agreement (defined below), in the form of Exhibit C attached hereto, which shall have incorporated the terms
set forth in Section 5 hereof, duly executed by Buyer;

 

(iii) the
Warrants, duly executed by BioHitech; and

 

(iv) any other
agreements, documents, instruments or certificates reasonably requested by the Seller Parties.

 

4.                 
Representations and Warranties.

 

(a)            Representations and Warranties of Seller Parties. The Seller Parties, jointly and severally, represent and warrant
to Buyer that the following statements contained in this Section 4(a) are true and correct as of the Closing Date:

 

(i) Authority
of Seller Parties. Each of the Seller Parties has all requisite power and authority to execute and deliver this Agreement
and the other Transaction Documents and to consummate the transactions contemplated hereby and thereby. The execution and
delivery of this Agreement and the Transaction Documents by each of the Seller Parties and the consummation by each of the
Seller Parties of the transactions contemplated hereby and thereby have been duly authorized by all necessary action on the
part of the Seller Parties.

 

(ii)
Organization; Qualification of Seller. Seller is a New York limited liability company duly organized, validly existing
and in good standing under the laws of the State of New York and has full limited liability company power and authority to
own, operate or lease the properties and assets now owned, operated or leased by it and to carry on its business as it has
been and is currently conducted. Seller has all requisite limited liability company power and authority to execute and
deliver this Agreement and the other Transaction Documents and to consummate the transactions contemplated hereby and
thereby.

 

(iii) Capitalization.
Immediately prior to the Closing, the current capitalization of Seller is set forth on Schedule 4(a)(iii)(1).
Immediately following the Closing, upon issuance and transfer of the Membership Interest to Buyer in accordance with this
Agreement, the capitalization of Seller shall be as set forth on Schedule 4(a)(iii)(2). The Membership Interest which
shall be issued to Buyer in accordance with this Agreement is validly authorized, and Seller has all requisite power and
authority to issue the Membership Interest to Buyer in accordance with this Agreement. None of the Membership Interest has
been pledged, hypothecated, sold, or otherwise disposed of or alienated in any manner except as explicitly stated herein, and
no third party has any right in them contrary to Buyer’s rights.

 

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(iv) Sole
Purpose; Operations. Seller is organized and operated solely as a real estate holding company. The only assets of Seller
are a leasehold interest in the Lease for the Property and cash accounts maintained to comply with the obligations of Seller
pursuant to the Lease. Seller does not conduct, and, except for limited short-term leasing of the Property in compliance with
the Lease, Seller has never conducted, any business operations other than holding an interest in the Lease and fulfilling
Seller’s obligations thereunder.

 

(v) Lease.
The Lease set forth in Exhibit A for the Property is true, correct, and complete and has not been modified by any
agreement, written or oral. During the period of Seller’s tenancy in the Property pursuant to the Lease
(“Seller’s Tenancy”) and in connection with Seller’s operation of the Property the Seller
Parties have not received any written notice from any federal, state or local governmental authority of (i) violations of
building codes and/or zoning ordinances or other governmental or regulatory legal requirements affecting the Property,
including, without limitation, Environmental Laws (ii) existing, pending or threatened condemnation proceedings affecting the
Property, or (iii) existing, pending or threatened zoning, building code or other moratorium proceedings, or similar
governmental action which could reasonably be expected to adversely affect the ability to operate the Property in accordance
with current zoning. The Lease covering the Property is in full force and effect, no party to the Lease is in default
thereunder and there are no unresolved conflicts or disputes with the landlord under the Lease. The Property is in good
repair and condition.

 

(vi) Environmental
Matters.

 

(1)              
The Property is listed by New York State as an inactive hazardous waste site as site number: 442027.

 

(2)              
No permits are required or held for the current use and occupancy of the Property.

 

(3)              
During the period of Seller’s Tenancy, Seller’s business and the Property have been operated and maintained
in compliance with all Environmental Laws, the Deed Restriction, the Site Management Plan and the Lease. None of the Seller Parties
have received any written notice of violation or citation relating to the use or occupation of the Property or operation of the
business that is not fully resolved, and there are no non-compliance orders, warning letters, notices of violation, actions or
investigations pending or in existence with respect to Seller’s use, occupation or business operations on the Property during
the period of Seller’s Tenancy that reasonably could result in a loss, liability, claim or action.

 

(4)              
To the knowledge of the Seller Parties, Seller, during the period of Seller’s Tenancy: (i) has not improperly handled
any Hazardous Materials or caused a Release of any Hazardous Materials on the Property; (ii) No encumbrance with respect to environmental
liabilities have been threatened or imposed against Seller or any of its assets under any Environmental Law or other applicable
law; and (iii) no facts or circumstances exist which would give rise to the same. None of the Seller Parties: (a) is identified
or listed as a potentially responsible party with respect to the Property or as a result of the use and occupancy of the Property
or operation of the assets or the business on the Property under any Environmental Law or other applicable law, (b) has received
any verbal or written notice of such identification or listing or potential listing, or (c) has knowledge of any facts or circumstances
which could give rise to such an identification or listing. None of the Seller Parties has received any verbal or written notice
or other communication from a governmental authority or any other person or entity alleging or related to the investigation of
any alleged violation of an Environmental Law, the Deed Restriction or the Site Management Plan by Seller with respect to the use,
occupancy or operations on the Property during the period of Seller’s Tenancy in the Property.

 

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(5)              
For purposes of this Agreement, the following terms shall have the meanings ascribed to them below:

 

“Deed Restriction”
means the Declaration of Covenants and Restrictions recorded against the Property on November 18, 2013 and identified by the
Rensselaer County Clerk as Instrument No. 2013-00446367.

 

“Environmental
Laws” means any federal, state or local law, regulations, and any judicial or administrative interpretation thereof,
including any judicial or administrative order, consent decree, judgment, permit, authorization or plan relating to the environment,
health, safety or Hazardous Materials, including CERCLA; CERCLIS; the Solid Waste Disposal Act, as amended by the Resource Conservation
and Recovery Act of 1976 and subsequent Hazardous and Solid Waste Amendments of 1984, 42 U.S.C. 6901 et seq. (collectively RCRA);
the Hazardous Materials Transportation Act, as amended, 49 U.S.C. 1801 et seq.; the Clean Water Act, as amended, 33 U.S.C. 1311
et seq.; the Toxic Substances Control Act, as amended, 15 U.S.C. 2601 et seq.; the Clean Air Act, as amended, 42 U.S.C. 7401 et
seq.; the Safe Drinking Water Act, as amended, 42 U.S.C. 300f et seq.; the Federal Water Pollution Control Act, as amended, 33
U.S.C. 1251 et seq.; the Atomic Energy Act of 1954, 42 U.S.C. §2011 et seq.; the Federal Insecticide, Fungicide and Rodenticide
Act, as amended, 7 U.S.C. 136 et seq.; the Federal Food, Drug and Cosmetic Act of 1938, as amended, 21 U.S.C. 301 et seq.; the
Emergency Planning and Community Right-to-Know Act of 1986, as amended, 42 U.S.C. 11001 et seq.; the Occupational Safety and Health
Act, as amended, 29 U.S.C. 651 et seq. and the state or local equivalents of these laws.

 

“Hazardous
Materials” means (a) petroleum and petroleum products, radioactive materials, asbestos in any form that is or could become
friable, urea formaldehyde foam insulation, transformers or other equipment that contain polychlorinated biphenyls, and radon gas;
or (b) any other chemicals, materials or substances defined as or included in the definition of “hazardous materials,”
“hazardous wastes,” “hazardous substances,” “extremely hazardous wastes,” “restricted
hazardous wastes,” “toxic substances,” “toxic wastes,” “toxic pollutants,” “contaminants,”
“emerging contaminants,” “pollutants,” “infectious wastes,” “medical wastes,” “radioactive
wastes,” “sewage sludges” or words of similar import under any applicable Environmental Law.

 

“Release”
means any release, spill, emission, seepage, leaking, pumping, pouring, emptying, escaping, dumping, abandoning, injecting, depositing,
discharging, leaching or migrating into the environment (including surface waters, groundwaters (including potable waters, navigable
waters and wetlands), soil, subsurface strata, natural resources, ambient air and the work place or as otherwise defined in any
Environmental Law) or into or out of the Property, including the movement of Hazardous Materials through or in the air, soil, surface
water or groundwater of the Property or adjoining properties.

 

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“Site Management
Plan” means the Site Management Plan and any amendments thereto that has been approved by the New York State Department
of Environmental Conservation and is incorporated by reference into the Deed Restriction.

 

(vii)
Taxes. All taxes relating to Seller have been fully paid to the extent due and there are no delinquent tax liens or
assessments encumbering any assets of Seller. The Seller Parties have also timely filed (or will timely file) all tax returns
and reports of whatever kind pertaining to Seller and required to be filed by the Seller Parties for all periods up to and
including the Closing Date. All such tax returns are, or will be, true, complete and correct in all respects. No claim has
been made by any taxing authority in any jurisdiction where Seller does not file tax returns that it is, or may be, subject
to tax by that jurisdiction. All deficiencies asserted, or assessments made, against Seller as a result of any examinations
by any taxing authority have been fully paid. Seller is not a party to any action by any taxing authority. There are no
pending or threatened actions or investigations by any taxing authority. The Seller Parties further warrant and represent
that all of their tax returns have been filed when due and in accordance with generally accepted accounting principles and
that it has disclosed all material facts regarding its business to Buyer. The federal income tax returns of Seller have not
been audited. None of the Seller Parties is a “foreign person” as that term is used in Treasury Regulations
Section 1.1445-2.

 

(viii) Insurance. Schedule
4(a)(viii) sets forth a true and complete list of all current insurance policies held by Seller (the “Insurance
Policies”). Such Insurance Policies satisfy the insurance requirements set forth in the Lease, are in full force
and effect and shall remain in full force and effect following the consummation of the transactions contemplated by this
Agreement. None of the Seller Parties have received any written notice of cancellation of, premium increase with respect to,
or alteration of coverage under, any of such Insurance Policies. All premiums due on such Insurance Policies have either been
paid or, if due and payable prior to Closing, will be paid prior to Closing in accordance with the payment terms of each
Insurance Policy. All such Insurance Policies (a) are valid and binding in accordance with their terms; (b) are provided by
carriers who are financially solvent; and (c) have not been subject to any lapse in coverage. There are no claims related to
the Seller or the Property pending under any such Insurance Policies as to which coverage has been questioned, denied or
disputed or in respect of which there is an outstanding reservation of rights. Seller is not in default under any Insurance
Policy.

 

(ix)
Liabilities. Seller has no liabilities, except (a) those obligations of Seller set forth in the Lease with respect to the
Property and (b) any tax obligations relating to Seller’s ownership of the leasehold interest in the Property.

 

(x)
Contracts. Except for the Lease, there are no other contracts or agreements of Seller, written or oral, including but not
limited to any sublease agreements or license agreements regarding the Property.

 

(xi) Permits.
Seller does not own or have any rights under any permits, licenses, certificates of occupancy, entitlements, authorizations
or other approvals from any party or governmental authority.

 

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(xii) Employees.
There are no employees, independent contractors, or other agents of Seller.

 

(xiii) Intellectual
Property. Seller does not own or use any intellectual property other than the use of Seller’s registered limited
liability company name.

 

(xiv) Consents
and Approvals. No consent, approval, notice, waiver, or action by any other person is required to effectuate the issuance
and transfer of Membership Interest contemplated hereunder. Seller has complied with and is not in default under or in
violation of, any applicable statute, law, ordinance, decree, order, rule, regulation of any governmental body, or in default
under, or in violation of, any provision of its organizational documents or any contract that it is a party to, or other
commitment or any other agreement to which Sellers is a party.

 

(xv) Litigation.
No suit, action or legal, administrative, arbitration or other proceeding, and no investigation by any governmental agency,
in each case pertaining to Seller, is pending or has been threatened by or against Seller, nor are the Sellers aware of any
undisclosed grounds therefor, to which Seller is a party or which may result in any judgment, order, decree, liability or
other determination that will, or could have any material adverse effect upon the assets and business or conditions,
financial or otherwise, of Seller. No judgment, order or decree has been entered against Seller nor any such liability
incurred that has, or could have, such effect. There is no claim, action, or proceeding now pending or threatened before any
court, administrative or regulatory body, or any governmental agency, that will, or could prevent or hamper the consummation
of the transactions contemplated by this Agreement.

 

(xvi) Binding
Agreement. This Agreement and the Transaction Documents (when delivered) have been duly executed and delivered by the
Seller Parties and constitute a valid and binding obligation of the Seller Parties enforceable in accordance with their
terms.

 

(xvii) Brokers.
No broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission in connection
with the transactions contemplated by this Agreement or any other Transaction Document based upon arrangements made by or on
behalf of the Seller Parties.

 

(xviii) Full
Disclosure. To their knowledge, no representation or warranty by the Seller Parties in this Agreement and no statement
contained in any exhibit or attachment to this Agreement or any certificate or other document furnished or to be furnished to
Buyer pursuant to this Agreement contains any untrue statement of a material fact, or omits to state a material fact
necessary to make the statements contained therein, in light of the circumstances in which they are made, not misleading.

 

(xix) Survival
of Representations and Warranties. The representations and warranties of the Seller Parties contained in this Agreement
shall survive the execution and delivery of this Agreement.

 

(b)            Representations and Warranties of Buyer. Buyer represents and warrants to the Seller Parties that the following statements
contained in this Section 4(b) are true and correct as of the Closing Date:

 

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(i) Organization; Authority of Buyer. Buyer is duly organized under the laws of the State of Delaware and is and shall be
duly empowered to execute this Agreement and to do any and all things required or desirable for consummation of all
transactions contemplated hereby. The execution and delivery by Buyer of this Agreement and any other transaction documents
to which Buyer is a party, the performance by Buyer of its obligations hereunder and thereunder, and the consummation by
Buyer of the transactions contemplated hereby and thereby have been duly authorized by all requisite limited liability
company action on the part of Buyer. This Agreement and the transaction documents constitute legal, valid and binding
obligations of Buyer enforceable against Buyer in accordance with their respective terms.

 

(ii) Property
Condition/Due Diligence. Buyer acknowledges that it has been informed that the Property is listed by New York State as an
inactive hazardous waste site as site number 442027. Based on Buyer’s independent investigation:

 

(a)       Buyer
acknowledges that, it has determined that the condition of the Property is satisfactory to Buyer based on Buyer having conducted
such due diligence as it has deemed necessary with respect to the Property and has been given a full opportunity to evaluate the
Property, either independently or through agents of Buyer’s choosing, including, without limitation:

 

(i) All matters
relating to the environmental condition of the Property, Environmental Laws, Hazardous Materials, the Deed Restriction and the
Site Management Plan, based on publicly available documents, together with all governmental and other legal requirements such as
taxes, assessments, zoning, use permit requirements, and building codes;

 

(ii) The
physical condition of the Property as evidenced by publicly available documents; and

 

(iii) The applicable zoning, planning and building laws, ordinances, rules and regulations governing the Property.

 

(iv)
Brokers. No broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission
in connection with the transactions contemplated by this Agreement or any other Transaction Document based upon arrangements
made by or on behalf of Buyer.

 

(v) Survival
of Representations and Warranties. The representations and warranties of Buyer contained in this Agreement shall survive
the execution and delivery of this Agreement.

 

5.                 
Amended and Restated Operating Agreement; Option. The amended and restated operating agreement of Seller (the
“A&R Operating Agreement”) shall, among other things, incorporate each of the following terms:

 

(a)              
Buyer shall have an option (the “Option”) to invest additional funds in Seller (the “Option
Price”) in exchange for a “Preferred Membership Interest”, as defined herein (the “Option”).
The Option Price shall be either (i) Eight Hundred and Fifty Thousand Dollars ($850,000), or (ii) One Million Eight Hundred Thousand
Dollars ($1,800,000), as determined by Seller (the “Additional Investment Amount”). Seller shall notify Buyer
of the Additional Investment Amount, in writing, at least forty-five (45) days before the lease payment pursuant to Section 6.01(e)
of the Lease is due (the “Trigger Date”). Buyer shall have seven (7) days following the Trigger Date to exercise
the Option by delivery of written notice of exercise to Seller. If Buyer does not exercise the Option, Buyer shall remain subject
to fulfill its capital contribution obligations pursuant to the A&R Operating Agreement as a member of the Seller. If Buyer
exercises the option to invest the Additional Investment Amount, then Seller shall issue Buyer a Preferred Member Interest, which
shall provide Buyer with:

 

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		(i)	an annual rate of return of 3.5% on the Additional Investment
Amount (the “Rate of Return”);

 

		(ii)	a preferred return (the “Preferred Return”)
so that no distributions, other than tax distributions as provided for in the A&R Operating Agreement, shall be paid by Seller
with respect to any other member interests in Seller unless and until Buyer has first received distributions equal to (A) one-half
(1/2) of the Additional Investment Amount invested by Buyer pursuant to the Option (the “Capital Return”),
plus (B) the Rate of Return through the date the Capital Return has been paid in full;

 

		(iii)	Preferred Membership Interests shall not be entitled
to any voting rights;

 

		(iv)	Within thirty six (36) months after Buyer has received
distributions equal to the Preferred Return, Buyer shall have the option (but not the obligation) to acquire additional common
membership interests in Seller which, when combined with its other common membership interests in Seller, will result in its ownership
of fifty-one percent (51%) of the total common membership interests of Seller, determined on a fully-diluted basis, such right
to be exercisable by Buyer’s surrendering all of Buyer’s remaining Preferred Membership Interests that it then owns
immediately prior to its exercise of such option (the “Conversion Option”). For the avoidance of doubt, the
intent of the foregoing option is that Buyer will no longer have any Preferred Membership Interest and instead will have received
an additional two percent of the voting common membership interests, thereby providing Buyer with control of at least fifty-one
percent (51%) of the fully diluted voting equity interests of Seller upon exercise of the Conversion Option.

 

(b)    The A&R Operating Agreement shall provide that no Fundamental Transaction may occur without unanimous vote or written
consent of all of the then current members of Seller. A “Fundamental Transaction” shall include a sale of all
or substantially all of its assets, a sale of all or substantially all of the membership interests, a change in control, merger,
any equity financing or other significant financing transaction, any subletting, subleasing or assignment, modification, waiver,
termination of any rights under the Lease or relating to Seller’s leasehold interests in the Property, or amendment of the
Operating Agreement of Seller.

 

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6.                 
Taxes. Buyer shall be responsible for the payment of any New York Real Estate Transfer Tax due in connection
with the transfer or acquisition of a controlling interest in Seller should such an acquisition occur.

 

7.                 
Indemnification.

 

(a)              
Indemnification of Buyer. The Seller Members shall, jointly and severally, indemnify, defend and hold harmless Buyer
and its affiliates (including Seller) and their respective representatives from, against and in respect of any and all losses,
damages, liabilities, deficiencies, actions, judgments, interest, awards, penalties, fines, costs and expenses of whatever kind,
including, but not limited to, reasonable attorneys’ fees, court costs and fees, the cost of enforcing any right to indemnification
hereunder and the cost of pursuing any insurance providers (collectively, “Losses”):

 

(i)  
resulting from any inaccuracy in, misrepresentation or breach of any representation or warranty, or any breach or non-fulfillment
of any agreement, covenant or obligation to be performed by the Seller Parties made or given in or with respect to this Agreement,
the Transaction Documents or any certificate delivered in connection herewith or therewith;

 

(ii) 
 any acts or omissions related to Seller, its assets, or business on or prior to the Closing Date, including, but not limited
to, any acts or omissions of the Seller Parties and any failure to pay taxes; and

 

(iii) any
expenses, liabilities, or indebtedness of Seller outstanding as of the Closing.

 

Seller shall not be obligated under this
Section 7(a) with respect to any claims for indemnification to the extent that the aggregate of all claims made under such Section
do not exceed Thirty Thousand Dollars ($30,000) (the “Threshold”), and thereafter only to the extent of the
excess over the Threshold capped at Six Hundred and Fifty Thousand Dollars ($650,000).

 

(b)              
Indemnification of Seller Parties. Buyer shall indemnify, defend and hold harmless the Seller Parties from, against
and in respect of any and all Losses resulting from any inaccuracy in, misrepresentation or breach of any representation or warranty,
or any breach or non-fulfillment of any agreement, covenant or obligation to be performed by Buyer made or given in or with respect
to this Agreement.

 

(c)              
Indemnification obligations set forth herein shall not apply to the extent that the Losses for which indemnification would
otherwise be required is covered by any insurance.

 

(d)              
Claims Process. Any party making an indemnification claim hereunder (the “Indemnified Party”)
shall provide prompt written notice (but in any event no later than thirty (30) days after the Indemnified Party becomes aware
of the claim) to the other party (the “Indemnifying Party”) setting forth the claim and the recovery owed. The
Indemnifying Party has thirty (30) days after its receipt of such notice to respond in writing to such claim. If the Indemnifying
Party fails to respond within such thirty-day period, the Indemnifying Party shall have been deemed to agree with the claim notice
and shall be required to pay such recover sought by the Indemnified Party. If the Indemnifying Party responds within such thirty-day
period with an objection to the claim, the parties shall negotiate in good faith for thirty (30) days to resolve the claim and
if they are unable to mutually resolve the claim, then either party may pursue any options available at law or in equity. Once
the amount of the Loss is agreed to by the Indemnifying Party and the Indemnified Party, or finally adjudicated to be payable,
the Indemnifying Party shall satisfy its obligations within ten (10) days by wire transfer of immediately available funds. Any
failure to make the required payment within ten (10) days shall cause interest to accrue on the owed amount at a rate of ten percent
(10%) per annum.

 

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8.             Miscellaneous.

 

(a)              
Entire Agreement. This Agreement constitutes the entire agreement and understanding of the parties in respect of
the subject matter hereof and supersedes all prior understandings, agreements or representations by or between the parties, written
or oral, to the extent they relate in any way to the subject matter hereof.

 

(b)              
Assignment; Binding Effect; Third Party Beneficiaries. No party may assign either this Agreement or any of its rights,
interests or obligations hereunder without the prior written approval of the other party. All of the terms, agreements, covenants,
representations, warranties and conditions of this Agreement are binding upon and inure to the benefit of and are enforceable by,
the parties and their respective successors and permitted assigns. There are no third-party beneficiaries having rights under or
with respect to this Agreement.

 

(c)              
Further Assurances. If any further action is necessary or reasonably desirable to carry out this Agreement’s
purposes, each party will take such further action (including executing and delivering any further instruments and documents and
providing any reasonably requested information) as the other party reasonably may request.

 

(d)              
Survival. Each representation, warranty, covenant and obligation in this Agreement will survive the execution and
delivery of this Agreement and the consummation of the transactions contemplated by this Agreement.

 

(e)              
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New
York, without giving effect to any choice of law principles.

 

(f)               
Amendment. This Agreement may not be amended or modified except by a writing signed by all of the parties.

 

(g)              
Headings. Headings in this Agreement are for convenience only and shall not be used to interpret or construe its
provisions.

 

    	 	11	 

     

    

 

(h)              
Expenses. Each party will bear its own costs and expenses incurred in connection with the preparation, execution
and performance of this Agreement and the transactions contemplated hereby, including all fees and expenses of agents, brokers,
representatives, financial advisors, legal counsel and accountants.

 

(i)                
Unenforceability of any Provisions. The unenforceability or invalidity of any provision of this Agreement shall not
affect the enforceability and validity of the remainder of this Agreement, which shall continue in full force and effect.

 

(j)                
Counterparts; Effectiveness. This Agreement may be executed in two or more counterparts, each of which will be deemed
an original but all of which together will constitute one and the same instrument. This Agreement will become effective when one
or more counterparts have been signed by each of the parties and delivered to the other party, which delivery may be made by exchange
of copies of the signature page by facsimile transmission or .PDF electronic format.

 

 

[Signature Page Follows]

 

    	 	12	 

     

    

 

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

 

	 	BUYER:
	 	 	 
	 	BHT RENEWABLES, LLC F/K/A E.N.A. RENEWABLES LLC
	 	 	 
	 	By: 	 
	 	Name:
	 	Title:
	 	 	 
	 	SELLER:
	 	 	 
	 	EAST SHORE PORT VENTURES, LLC
	 	 	 
	 	By:	 
	 	Name:
	 	Title:
	 	 	 
	 	SELLER MEMBERS:
	 	 	 
	 	JKS CAPITAL, LLC
	 	 	 
	 	By: 	 
	 	Name:
	 	Title:
	 	 	 
	 	LEK HOLDINGS, LLC
	 	 	 
	 	By:	 
	 	Name:
	 	Title:
	 	 	 

 

 

 

    [Signature Page to Membership Interest Purchase Agreement]Exhibit 4.4

 

WARRANT AGREEMENT

 

THIS WARRANT AGREEMENT (this “Agreement”),
dated as of                     ,
2020, is by and between Roman DBDR Tech Acquisition Corp., a Delaware corporation (the “Company”), and
Continental Stock Transfer & Trust Company, a New York corporation, as warrant agent (the “Warrant Agent”,
also referred to herein as the “Transfer Agent”).

 

WHEREAS, the Company is engaged in an initial
public offering (the “Offering”) of units of the Company’s equity securities, each such unit comprised
of one share of Class A common stock of the Company, par value $0.0001 per share (“Common Stock”) and
one-half of one redeemable Public Warrant (as defined below) (the “Units”) and, in connection therewith,
has determined to issue and deliver up to 7,075,000 warrants (or up to 7,900,000 warrants if the Over-allotment Option is exercised
in full) to public investors in the Offering (the “Public Warrants”); and

 

WHEREAS, on                     ,
2020, the Company entered into that certain Private Placement Warrants Purchase Agreement with Roman DBDR Tech Sponsor LLC, a Delaware
limited liability company (the “Sponsor”), pursuant to which the Sponsor agreed to purchase an aggregate
of 7,075,000 warrants (or 7,900,000 in the event that the Over-allotment Option (as defined below) in connection with the Company’s
Offering  is exercised in full) simultaneously with the closing of the Offering bearing the legend set forth in Exhibit
B hereto (the “Private Placement Warrants”) at a purchase
price of $1.00 per Private Placement Warrant; and

 

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

 

WHEREAS, following consummation of the Offering,
the Company may issue additional warrants (“Post IPO Warrants”; together with the Private Placement Warrants,
the Working Capital Warrants and the Public Warrants, the “Warrants”) in connection with, or following
the consummation by the Company of, a Business Combination (defined below); and

 

WHEREAS, the Company has filed with the
Securities and Exchange Commission (the “Commission”) a registration statement on Form S-1, File No.
333-249330 (the “Registration Statement”) and prospectus (the “Prospectus”),
for the registration, under the Securities Act of 1933, as amended (the “Securities Act”), of the
Units, the Public Warrants and the Common Stock included in the Units; and

 

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

 

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

 

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

  

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

 

    1

     

    

 

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

  

2. Warrants.

  

2.1 Form of Warrant. Each
Warrant shall be issued in registered form only, and, if a physical certificate is issued, shall be in substantially the form of Exhibit
A hereto, the provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature of,
the Chairman of the Board, President, any Chief Executive Officer, Chief Financial Officer, Secretary or other principal officer
of the Company. In the event the person whose facsimile signature has been placed upon any Warrant shall have ceased to serve in
the capacity in which such person signed the Warrant before such Warrant is issued, it may be issued with the same effect as if
he or she had not ceased to be such at the date of issuance.

  

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

  

2.3 Registration.

 

2.3.1 Warrant Register. The
Warrant Agent shall maintain books (the “Warrant Register”) for the registration of
original issuance and the registration of transfer of the Warrants. Upon the initial issuance of the Warrants, the Warrant Agent
shall issue and register the Warrants in the names of the respective holders thereof in such denominations and otherwise in accordance
with instructions delivered to the Warrant Agent by the Company. All of the Public Warrants shall initially be represented by one
or more book-entry certificates (each, a “Book-Entry Warrant Certificate”) deposited with The Depository
Trust Company (the “Depositary”) and registered in the name of Cede & Co., a nominee of the Depositary.
Ownership of beneficial interests in the Public Warrants shall be shown on, and the transfer of such ownership shall be effected
through, records maintained by (i) the Depositary or its nominee for each Book-Entry Warrant Certificate, or (ii) institutions
that have accounts with the Depositary (each such institution, with respect to a Warrant in its account, a “Participant”).

 

If the Depositary subsequently ceases
to make its book-entry settlement system available for the Public Warrants, the Company may instruct the Warrant Agent regarding
making other arrangements for book-entry settlement. In the event that the Public Warrants are not eligible for, or it is no longer
necessary to have the Public Warrants available in, book-entry form, the Warrant Agent shall provide written instructions to the
Depositary to deliver to the Warrant Agent for cancellation each Book-Entry Warrant Certificate, and the Company shall instruct
the Warrant Agent to deliver to the Depositary definitive certificates in physical form evidencing such Warrants (“Definitive
Warrant Certificate”). Such Definitive Warrant Certificate shall be in the form annexed hereto as Exhibit
A, with appropriate insertions, modifications and omissions, as provided above.

 

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

 

    2

     

    

 

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

 

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

 

2.6 Private Placement Warrants
and Working Capital Warrants. The Private Placement Warrants and the Working Capital Warrants shall be identical to the Public
Warrants, except that so long as they are held by the Sponsor or any Permitted Transferees (as defined below), as applicable, the
Private Placement Warrants and the Working Capital Warrants: (i) may be exercised for cash or on a cashless basis, pursuant to subsection
3.3.1(c) hereof, (ii) may not be transferred, assigned or sold until thirty (30) days after the completion by the Company
of an initial Business Combination (as defined below), and (iii) shall not be redeemable by the Company; provided, however,
that in the case of (ii) the Private Placement Warrants and the Working Capital Warrants and any shares of Common Stock held by
the Sponsor or any Permitted Transferees, as applicable, and issued upon exercise of the Private Placement Warrants and the Working
Capital Warrants may be transferred by the holders thereof:

  

(a) to the Company’s officers or
directors, any affiliate or family member of any of the Company’s officers or directors, any affiliate of the Sponsor or
to any member(s) of the Sponsor or any of their affiliates, officers, directors and direct and indirect equityholders;

 

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

 

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

 

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

  

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

  

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

 

    3

     

    

 

(g) by virtue of the laws of the State
of Delaware or the Sponsor’s limited liability company agreement upon dissolution of the Sponsor;

 

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

 

2.7          Working
Capital Warrants. The Working Capital Warrants shall be identical to the Private Placement Warrants.

  

2.8        
Post-IPO Warrants. The Post-IPO Warrants, when and if issued, shall have the same terms and be in the same form as the Public
Warrants except as may be agreed upon by the Company.

  

3. Terms and Exercise of Warrants.

  

3.1 Warrant Price. Each whole
Warrant shall entitle the Registered Holder thereof, subject to the provisions of such Warrant and of this Agreement, to purchase
from the Company the number of shares of Common Stock stated therein, at the price of $11.50 per share, subject to the adjustments
provided in Section 4 hereof and in the last sentence of this Section 3.1. The term “Warrant
Price” as used in this Agreement shall mean the price per share at which shares of Common Stock may be purchased at the time
a Warrant is exercised. The Company in its sole discretion may lower the Warrant Price at any time prior to the Expiration Date
(as defined below) for a period of not less than twenty (20) Business Days; provided, that the Company shall provide at least five
(5) days’ prior written notice of such reduction to Registered Holders of the Warrants; and provided further, that any such
reduction shall be identical among all of the Warrants.

 

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

  

3.3 Exercise of Warrants.

  

3.3.1 Payment. Subject to
the provisions of the Warrant and this Agreement, a Warrant may be exercised by the Registered Holder thereof by delivering to
the Warrant Agent at its corporate trust department (i) the Definitive Warrant Certificate evidencing the Warrants to be exercised,
or, in the case of a Book-Entry Warrant Certificate, the Warrants to be exercised (the “Book-Entry Warrants”)
on the records of the Depositary to an account of the Warrant Agent at the Depositary designated for such purposes in writing by
the Warrant Agent to the Depositary from time to time, (ii) an election to purchase (“Election to Purchase”)
shares of Common Stock pursuant to the exercise of a Warrant, properly completed and executed by the Registered Holder on the reverse
of the Definitive Warrant Certificate or, in the case of a Book-Entry Warrant Certificate, properly delivered by the Participant
in accordance with the Depositary’s procedures, and (iii) payment in full of the Warrant Price for each full share of Common
Stock as to which the Warrant is exercised and any and all applicable taxes due in connection with the exercise of the Warrant,
the exchange of the Warrant for the shares of Common Stock and the issuance of such shares of Common Stock, as follows:

 

    4

     

    

 

(a) by certified check payable to the
order of the Warrant Agent or by wire transfer;

  

(b) in the event of a redemption pursuant
to Section 6 hereof in which the Company’s board of directors (the “Board”) has
elected to require all holders of the Warrants to exercise such Warrants on a “cashless basis,” by surrendering the
Warrants for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of
shares of Common Stock underlying the Warrants, multiplied by the difference between the Warrant Price and the “Fair Market
Value”, as defined in this subsection 3.3.1(b) by (y) the Fair Market Value. Solely for purposes of this subsection
3.3.1(b) and Section 6.3, the “Fair Market Value” shall mean the average last sale price of the
Common Stock for the ten (10) trading days ending on the third trading day prior to the date on which the notice of redemption
is sent to the holders of the Warrants, pursuant to Section 6 hereof;

 

(c) with respect to any Private Placement
Warrant or Working Capital Warrant, so long as such Private Placement Warrant or Working Capital Warrant is held by the Sponsor
or a Permitted Transferee, as applicable, by surrendering the Warrants for that number of shares of Common Stock equal to the quotient
obtained by dividing (x) the product of the number of shares of Common Stock underlying the Warrants, multiplied by the difference
between the Warrant Price and the “Fair Market Value”, as defined in this subsection 3.3.1(c), by (y) the
Fair Market Value. Solely for purposes of this subsection 3.3.1(c), the “Fair Market Value” shall mean
the average reported last sale price of the Common Stock for the ten (10) trading days ending on the third trading day prior to
the date on which notice of exercise of the Warrant is sent to the Warrant Agent; or

  

(d) as provided in Section 7.4 hereof.

  

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

 

    5

     

    

 

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

  

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

 

3.3.5 Maximum Percentage.
A holder of a Warrant may notify the Company in writing in the event it elects to be subject to the provisions contained in this subsection
3.3.5; however, no holder of a Warrant shall be subject to this subsection 3.3.5 unless he, she
or it makes such election. If the election is made by a holder, the Warrant Agent shall not effect the exercise of the holder’s
Warrant, and such holder shall not have the right to exercise such Warrant, to the extent that after giving effect to such exercise,
such person (together with such person’s affiliates), to the Warrant Agent’s actual knowledge, would beneficially own
in excess of 4.9% or 9.8% (or such other amount as a holder may specify)(the “Maximum Percentage”)
of the shares of Common Stock outstanding immediately after giving effect to such exercise. For purposes of the foregoing sentence,
the aggregate number of shares of Common Stock beneficially owned by such person and its affiliates shall include the number of
shares of Common Stock issuable upon exercise of the Warrant with respect to which the determination of such sentence is being
made, but shall exclude shares of Common Stock that would be issuable upon (x) exercise of the remaining, unexercised portion of
the Warrant beneficially owned by such person and its affiliates and (y) exercise or conversion of the unexercised or unconverted
portion of any other securities of the Company beneficially owned by such person and its affiliates (including, without limitation,
any convertible notes or convertible preferred stock or warrants) subject to a limitation on conversion or exercise analogous to
the limitation contained herein. Except as set forth in the preceding sentence, for purposes of this paragraph, beneficial ownership
shall be calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
For purposes of the Warrant, in determining the number of outstanding shares of Common Stock, the holder may rely on the number
of outstanding shares of Common Stock as reflected in (1) the Company’s most recent annual report on Form 10-K, quarterly
report on Form 10-Q, current report on Form 8-K or other public filing with the Commission as the case may be, (2) a more recent
public announcement by the Company or (3) any other notice by the Company or the Transfer Agent setting forth the number of shares
of Common Stock outstanding. For any reason at any time, upon the written request of the holder of the Warrant, the Company shall,
within two (2) Business Days, confirm orally and in writing to such holder the number of shares of Common Stock then outstanding.
In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise
of equity securities of the Company by the holder and its affiliates since the date as of which such number of outstanding shares
of Common Stock was reported. By written notice to the Company, the holder of a Warrant may from time to time increase or decrease
the Maximum Percentage applicable to such holder to any other percentage specified in such notice; provided, however,
that any such increase shall not be effective until the sixty-first (61st) day after such notice is delivered to the Company.

 

4. Adjustments.

 

4.1 Stock Dividends.

 

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

 

    6

     

    

  

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

  

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

  

4.3 Adjustments in Exercise Price.

 

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

  

4.3.2 If (i) the Company issues additional
shares of Common Stock or securities convertible into or exercisable or exchangeable for shares of Common Stock for capital raising
purposes in connection with the closing of its initial Business Combination at an issue price or effective issue price of less
than $9.20 per share of Common Stock, with such issue price or effective issue price to be determined in good faith by the Board
(and in the case of any such issuance to the Sponsor or its affiliates, without taking into account any founder shares held by
such holder or affiliates, as applicable, prior to such issuance) (the “New Issuance Price”), (ii) the
aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available
for the funding of the initial Business Combination on the date of the consummation thereof (net of redemptions) and (iii) the
volume weighted average trading price of the Common Stock during the 20 trading day period starting on the trading day prior to
the day on which the Company consummates the initial Business Combination (such price, the “Market Value”)
is below $9.20 per share, then the Warrant Price shall be adjusted (to the nearest cent) to be equal to 115% of the greater of
the Market Value and the New Issuance Price and the Redemption Trigger Price (as defined below) shall be adjusted (to the nearest
cent) to be equal to 180% of the greater of the Market Value and the Newly Issued Price.

 

    7

     

    

  

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

 

    8

     

    

  

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

  

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

  

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

  

4.8 Other Events. In case
any event shall occur affecting the Company as to which none of the provisions of preceding subsections of this Section
4 are strictly applicable, but which would require an adjustment to the terms of the Warrants in order to (i) avoid an
adverse impact on the Warrants and (ii) effectuate the intent and purpose of this Section 4, then, in each such case,
the Company shall appoint a firm of independent public accountants, investment banking or other appraisal firm of recognized national
standing, which shall give its opinion as to whether or not any adjustment to the rights represented by the Warrants is necessary
to effectuate the intent and purpose of this Section 4 and, if they determine that an adjustment is necessary,
the terms of such adjustment, provided, however, that under no circumstances shall the Warrants be adjusted pursuant to this Section
4.8 as a result of any issuance of securities in connection with the Business Combination. The Company shall adjust the terms
of the Warrants in a manner that is consistent with any adjustment recommended in such opinion.

  

4.9 No Adjustment. For the
avoidance of doubt, no adjustment shall be made to the terms of the Warrants solely as a result of an adjustment to the conversion
ratio of the Company’s Class B common stock (the “Class B Common Stock”) into shares of Common
Stock or the conversion of the shares of Class B Common Stock into shares of Common Stock, in each case, pursuant to the Company’s
Charter, as amended from time to time.

 

    9

     

    

 

5. Transfer and Exchange of Warrants.

  

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

 

5.2 Procedure for Surrender of
Warrants. Warrants may be surrendered to the Warrant Agent, together with a written request for exchange or transfer, and thereupon
the Warrant Agent shall issue in exchange therefor one or more new Warrants as requested by the Registered Holder of the Warrants
so surrendered, representing an equal aggregate number of Warrants; provided, however, that except as otherwise
provided herein or in any Book-Entry Warrant Certificate or Definitive Warrant Certificate, each Book-Entry Warrant Certificate
and Definitive Warrant Certificate may be transferred only in whole and only to the Depositary, to another nominee of the Depositary,
to a successor depository, or to a nominee of a successor depository; provided further, however,
that in the event that a Warrant surrendered for transfer bears a restrictive legend (as in the case of the Private Placement Warrants
and the Working Capital Warrants), the Warrant Agent shall not cancel such Warrant and issue new Warrants in exchange thereof until
the Warrant Agent has received an opinion of counsel for the Company stating that such transfer may be made and indicating whether
the new Warrants must also bear a restrictive legend.

 

5.3 Fractional Warrants. The
Warrant Agent shall not be required to effect any registration of transfer or exchange which shall result in the issuance of a
warrant certificate or book-entry position for a fraction of a warrant.

 

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

 

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

 

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

 

    10

     

    

 

6. Redemption.

 

6.1 Redemption. Subject to Section
6.4 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while
they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of
the Warrants, as described in Section 6.2 below, at the price of $0.01 per Warrant (the “Redemption Price”),
provided that the last sales price of the Common Stock reported has been at least $18.00 per share (the “Redemption
Trigger Price”; subject to adjustment in compliance with Section 4 hereof), on each of twenty (20)
trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the
redemption is given and provided that there is an effective registration statement covering the shares of Common Stock issuable
upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as
defined in Section 6.2 below) or the Company has elected to require the exercise of the Warrants on a “cashless
basis” pursuant to subsection 3.3.1; provided, however, that if and when the Public Warrants become
redeemable by the Company, the Company may not exercise such redemption right if the issuance of shares of Common Stock upon exercise
of the Public Warrants is not exempt from registration or qualification under applicable state blue sky laws or the Company is
unable to effect such registration or qualification.

 

6.2 Date Fixed for, and Notice
of, Redemption. In the event that the Company elects to redeem all of the Warrants, the Company shall fix a date for the redemption
(the “Redemption Date”). Notice of redemption shall be mailed by first class mail,
postage prepaid, by the Company not less than thirty (30) days prior to the Redemption Date (the “30-day Redemption Period”)
to the Registered Holders of the Warrants to be redeemed at their last addresses as they shall appear on the registration books.
Any notice mailed in the manner herein provided shall be conclusively presumed to have been duly given whether or not the Registered
Holder received such notice.

 

6.3 Exercise After Notice of Redemption.
The Warrants may be exercised, for cash (or on a “cashless basis” in accordance with subsection 3.3.1(b) of
this Agreement) at any time after notice of redemption shall have been given by the Company pursuant to Section 6.2 hereof
and prior to the Redemption Date. In the event that the Company determines to require all holders of Warrants to exercise their
Warrants on a “cashless basis” pursuant to subsection 3.3.1, the notice of redemption shall contain the
information necessary to calculate the number of shares of Common Stock to be received upon exercise of the Warrants, including
the “Fair Market Value” (as such term is defined in subsection 3.3.1(b) hereof) in such case. On and
after the Redemption Date, the record holder of the Warrants shall have no further rights except to receive, upon surrender of
the Warrants, the Redemption Price.

 

6.4 Exclusion of Private Placement
Warrants and Working Capital Warrants. The Company agrees that the redemption rights provided in this Section 6 shall
not apply to the Private Placement Warrants or the Working Capital Warrants if at the time of the redemption such Private Placement
Warrants or the Working Capital Warrants continue to be held by the Sponsor or any Permitted Transferees, as applicable. However,
once such Private Placement Warrants or Working Capital Warrants are transferred (other than to Permitted Transferees under Section 2.6),
the Company may redeem the Private Placement Warrants and the Working Capital Warrants, provided that the criteria for redemption
are met, including the opportunity of the holder of such Private Placement Warrants or the Working Capital Warrants to exercise
the Private Placement Warrant and the Working Capital Warrants prior to redemption pursuant to Section 6.3. Private
Placement Warrants and Working Capital Warrants that are transferred to persons other than Permitted Transferees shall upon such
transfer cease to be Private Placement Warrants or Working Capital Warrants and shall become Public Warrants under this Agreement.

 

    11

     

    

 

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

 

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

 

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

 

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

  

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

  

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

 

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

  

8. Concerning the Warrant Agent
and Other Matters.

  

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

 

8.2 Resignation, Consolidation,
or Merger of Warrant Agent.

 

8.2.1 Appointment of Successor
Warrant Agent. The Warrant Agent, or any successor to it hereafter appointed, may resign its duties and be discharged from
all further duties and liabilities hereunder after giving sixty (60) days’ notice in writing to the Company. If the office
of the Warrant Agent becomes vacant by resignation or incapacity to act or otherwise, the Company shall appoint in writing a successor
Warrant Agent in place of the Warrant Agent. If the Company shall fail to make such appointment within a period of thirty (30)
days after it has been notified in writing of such resignation or incapacity by the Warrant Agent or by the holder of a Warrant
(who shall, with such notice, submit his Warrant for inspection by the Company), then the holder of any Warrant may apply to the
Supreme Court of the State of New York for the County of New York for the appointment of a successor Warrant Agent at the Company’s
cost. Any successor Warrant Agent, whether appointed by the Company or by such court, shall be a corporation organized and existing
under the laws of the State of New York, in good standing and having its principal office in the Borough of Manhattan, City and
State of New York, and authorized under such laws to exercise corporate trust powers and subject to supervision or examination
by federal or state authority. After appointment, any successor Warrant Agent shall be vested with all the authority, powers, rights,
immunities, duties, and obligations of its predecessor Warrant Agent with like effect as if originally named as Warrant Agent hereunder,
without any further act or deed; but if for any reason it becomes necessary or appropriate, the predecessor Warrant Agent shall
execute and deliver, at the expense of the Company, an instrument transferring to such successor Warrant Agent all the authority,
powers, and rights of such predecessor Warrant Agent hereunder; and upon request of any successor Warrant Agent the Company shall
make, execute, acknowledge, and deliver any and all instruments in writing for more fully and effectually vesting in and confirming
to such successor Warrant Agent all such authority, powers, rights, immunities, duties, and obligations.

  

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

  

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

 

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8.3 Fees and Expenses of Warrant
Agent.

 

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

 

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

 

8.4 Liability of Warrant Agent.

  

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

 

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

 

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

 

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

  

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

 

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9. Miscellaneous Provisions.

 

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

 

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

 

Roman DBDR Tech Acquisition Corp.

345 Lorton Avenue, Suite 400

Burlingame, California 94010

Attention: Dr. Donald G Basile and Dixon Doll, Jr.

  

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

  

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, NY 10004

Attention: Compliance Department

  

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

 

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

 

    15

     

    

 

9.4 Persons Having Rights under
this Agreement. Nothing in this Agreement shall be construed to confer upon, or give to, any person or corporation other than
the parties hereto and the Registered Holders of the Warrants and, for purposes of Sections 7.4, 9.4 and 9.8,
the Representative, any right, remedy, or claim under or by reason of this Agreement or of any covenant, condition, stipulation,
promise, or agreement hereof. All covenants, conditions, stipulations, promises, and agreements contained in this Agreement shall
be for the sole and exclusive benefit of the parties hereto and, for purposes of Sections 7.4, 9.4 and 9.8,
the Representative, and their successors and assigns and of the Registered Holders of the Warrants.

 

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

 

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

 

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

 

9.8 Amendments. This Agreement
may be amended by the parties hereto without the consent of any Registered Holder (i) for the purpose of curing any ambiguity,
or correcting any mistake, including to conform the provisions of this Agreement to the description of the terms of the Warrants
and this Agreement in the Registration Statement or curing, correcting or supplementing any defective provision contained herein
or adding or changing any other provisions with respect to matters or questions arising under this Agreement as the parties may
deem necessary or desirable and that the parties deem shall not adversely affect the interest of the Registered Holders, and (ii)
to provide for the delivery of Alternative Issuance pursuant to Section 4.4. All other modifications or amendments, including
any amendment to increase the Warrant Price or shorten the Exercise Period, shall require the vote or written consent of the Registered
Holders of a majority of the then outstanding Public Warrants. Any amendment solely to the Private Placement Warrants or the Working
Capital Warrants shall require the vote or written consent of a majority of the holders of the then outstanding Private Placement
Warrants or the Working Capital Warrants, as applicable. Notwithstanding the foregoing, the Company may lower the Warrant Price
or extend the duration of the Exercise Period pursuant to Sections 3.1 and 3.2, respectively, without
the consent of the Registered Holders.

 

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

 

[Signature Page Follows]

 

 

 

 

    16

     

    

  

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

 

 

 

	 	ROMAN DBDR TECH ACQUISITION CORP.
	 	 
	 	By:	 
	 	Name:	Dr. Donald G. Basile
	 	Title:	Chairman and Co-Chief Executive Officer
	 	 
	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Warrant Agent
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    [Signature Page to Warrant Agreement]

     

    

  

EXHIBIT A

 

[Form of Warrant Certificate]

 

[FACE]

  

Number

  

Warrants

  

THIS WARRANT SHALL BE VOID IF NOT EXERCISED
PRIOR TO 

THE EXPIRATION OF THE EXERCISE PERIOD
PROVIDED FOR

IN THE WARRANT AGREEMENT DESCRIBED BELOW

  

ROMAN DBDR TECH ACQUISITION CORP. 

Incorporated Under the Laws of the State of Delaware

  

CUSIP 77584N 119

 

Warrant Certificate

  

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

  

Each 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 the number of shares of Common Stock to be issued to the Warrant
holder. The number of shares of Common Stock issuable upon exercise of the Warrants is subject to adjustment upon the occurrence
of certain events set forth in the Warrant Agreement.

  

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

  

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

 

     

     

    

 

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

 

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

 

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

 

 

	 	 
	 	ROMAN DBDR TECH ACQUISITION CORP.
	 	 	 
	 	By:	                 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Warrant Agent
	 	 	 
	 	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 _____, 2020 (the “Warrant Agreement”),
duly executed and delivered by the Company to Continental Stock Transfer & Trust Company, a New York corporation, as warrant
agent (the “Warrant Agent”), which Warrant Agreement is hereby incorporated by reference
in and made a part of this instrument and is hereby referred to for a description of the rights, limitation of rights, obligations,
duties and immunities thereunder of the Warrant Agent, the Company and the holders (the words “holders”
or “holder” meaning the Registered Holders or Registered Holder, respectively) of the Warrants. A copy
of the Warrant Agreement may be obtained by the holder hereof upon written request to the Company. Defined terms used in this Warrant
Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement.

  

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

  

Notwithstanding anything else in this Warrant
Certificate or the Warrant Agreement, no Warrant may be exercised unless at the time of exercise (i) a registration statement covering
the shares of 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 principal corporate trust office of the Warrant Agent by the Registered Holder thereof in person or by legal representative
or attorney duly authorized in writing, may be exchanged, in the manner and subject to the limitations provided in the Warrant
Agreement, but without payment of any service charge, for another Warrant Certificate or Warrant Certificates of like tenor evidencing
in the aggregate a like number of Warrants.

  

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

  

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

 

     

     

    

 

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 Roman DBDR Tech Acquisition
Corp. (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 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 or a Working Capital 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     
            . 

 

[Signature Page Follows]

 

 

 

 

 

     

     

    

  

	Date:                , 20	 
	 	(Signature)
	 	 
	 	 
	 	 
	 	 
	 	(Address)
	 	 
	 	 
	 	(Tax Identification Number)
	Signature Guaranteed:	 
	 	 
	 	 

  

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

 

 

 

 

     

     

    

  

EXHIBIT B

 

LEGEND 

 

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

  

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

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