Exhibit 2.2
Execution Version
AMENDMENT NO. 1 TO MERGER AGREEMENT
This AMENDMENT NO. 1 TO AGREEMENT AND PLAN OF MERGER (this “Amendment”), dated as of April 6, 2023, is made by and among Roth CH Acquisition IV Co., a Delaware corporation (“ROCG”), Roth IV Merger Sub Inc., a Delaware wholly owned subsidiary of ROCG (“Merger Sub”), and Tigo Energy, Inc., a Delaware corporation (the “Company”) (each, a “Party”, and together, the “Parties”). Capitalized terms used herein and not otherwise defined shall have the same meanings as set forth in the Merger Agreement, dated as of December 5, 2022, by and among the Parties (the “Agreement”).
WHEREAS, Section 11.10 of the Agreement provides that the Agreement may be amended or modified in whole or in part, only by a duly authorized agreement in writing executed in the same manner as the Agreement and which makes reference to the Agreement; and
WHEREAS, the Parties wish to amend the Agreement as set forth below.
NOW, THEREFORE, in consideration of the agreements contained herein and other valid consideration, and intending to be legally bound hereby, the Parties agree as follows:
1. | Amendment to Recital. The ninth recital of the Agreement shall be deleted in its entirety and amended and replaced with the following: |
“WHEREAS, prior to the Effective Time, the Company shall use reasonable efforts to obtain and deliver to Acquiror a Warrant Consent from each of the holders of the Company Warrants, substantially in the form attached as Exhibit D hereto (the “Warrant Consent”);
2. | Amendment to Recital. The second to last recital of the Agreement shall be deleted in its entirety and amended and replaced with the following: |
“WHEREAS, at the Closing, the Requisite Company Stockholders shall have entered into a Lock-Up Agreement (the “Lock-Up Agreement”) in the form attached hereto as Exhibit F (with such changes as may be agreed in writing by Acquiror and the Company; and”
3. | Amendment to Section 9.1(h). Section 9.1(h) of the Agreement shall be deleted in its entirety and amended and replaced with the following: |
“A copy of the Lock-Up Agreement duly executed by each Requisite Company Stockholder;”
4. | Amendments to Exhibit B. |
| a. | Section 7.2(ii)(x) of the Form of Acquiror Restated Bylaws, attached to the Agreement as Exhibit B, shall be deleted in its entirety and replaced with the following: |
“(x) Transfers of up to five percent (5%) of the Lock-Up Shares held by the Lock-Up Holder (as adjusted for stock splits, stock dividends, reorganization and recapitalization) for a period of ninety (90) days after the Closing and from the ninety-first (91st) day following the Closing through the end of the Lock-Up Period, up to an additional five percent (5%) (for a total of up to ten percent (10%)