<SEC-DOCUMENT>0000897069-22-000126.txt : 20220218
<SEC-HEADER>0000897069-22-000126.hdr.sgml : 20220218
<ACCEPTANCE-DATETIME>20220218130701
ACCESSION NUMBER:		0000897069-22-000126
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220218
DATE AS OF CHANGE:		20220218

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Romeo Power, Inc.
		CENTRAL INDEX KEY:			0001757932
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		IRS NUMBER:				832289787
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-90933
		FILM NUMBER:		22651902

	BUSINESS ADDRESS:	
		STREET 1:		4380 AYERS AVENUE
		CITY:			VERNON
		STATE:			CA
		ZIP:			90058
		BUSINESS PHONE:		833-467-2237

	MAIL ADDRESS:	
		STREET 1:		4380 AYERS AVENUE
		CITY:			VERNON
		STATE:			CA
		ZIP:			90058

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RMG Acquisition Corp.
		DATE OF NAME CHANGE:	20181101

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BORGWARNER INC
		CENTRAL INDEX KEY:			0000908255
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		IRS NUMBER:				133404508
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		3850 HAMLIN RD.
		CITY:			AUBURN HILLS
		STATE:			MI
		ZIP:			48326
		BUSINESS PHONE:		2487549200

	MAIL ADDRESS:	
		STREET 1:		3850 HAMLIN RD.
		CITY:			AUBURN HILLS
		STATE:			MI
		ZIP:			48326

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BORG WARNER AUTOMOTIVE INC
		DATE OF NAME CHANGE:	19930628
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>cmw389.htm
<TEXT>
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    <div style="text-align: center; margin-right: 2.5pt; margin-top: 1.75pt; font-size: 12pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; margin-right: 2.5pt; margin-top: 1.75pt; font-size: 12pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="margin-top: 1.75pt;"><br>
    </div>
    <div style="text-align: center;">Washington, D.C. 20549</div>
    <div><br>
    </div>
    <div style="margin-top: 0.3pt; text-align: center;">_____________</div>
    <div style="margin-top: 0.3pt; text-align: center;"> <br>
    </div>
    <div style="text-align: center; margin-right: 2.5pt; margin-top: 1.75pt; font-size: 12pt; font-weight: bold;">SCHEDULE 13D/A</div>
    <div style="margin-top: 1.75pt;"><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Under the Securities Exchange Act of 1934</div>
    <div style="text-align: center; font-weight: bold;">(Amendment No. 1)*</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">_____________</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; margin-right: 2.5pt; margin-top: 1.75pt; font-weight: bold;">Romeo Power, Inc.</div>
    <div style="text-align: center; margin-right: 2.5pt; margin-top: 1.75pt; font-weight: bold;">
      <hr noshade="noshade" align="center" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"> </div>
    <div style="text-align: center;">(Name of Issuer)</div>
    <div style="margin-top: 0.05pt;"><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Common Stock, par value $0.0001 per share</div>
    <div style="text-align: center; font-weight: bold;">
      <hr noshade="noshade" align="center" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"> </div>
    <div style="text-align: center;">(Title of Class of Securities)</div>
    <div style="margin-top: 0.5pt;"><br>
    </div>
    <div style="text-align: center; font-weight: bold;">749641106</div>
    <div style="text-align: center; font-weight: bold;">
      <hr noshade="noshade" align="center" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"> </div>
    <div style="text-align: center;">(CUSIP Number)</div>
    <div style="margin-top: 0.05pt;"><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Tonit M. Calaway</div>
    <div style="text-align: center; font-weight: bold;">BorgWarner Inc.</div>
    <div style="text-align: center; font-weight: bold;">3850 Hamlin Road</div>
    <div style="text-align: center; font-weight: bold;">Auburn Hills, Michigan 48326</div>
    <div style="text-align: center; font-weight: bold;">(248) 754-9200</div>
    <div style="text-align: center; font-weight: bold;">
      <hr noshade="noshade" align="center" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"> </div>
    <div style="text-align: center;">(Name, Address and Telephone Number of Person Authorized</div>
    <div style="text-align: center;">to Receive Notices and Communications)</div>
    <div style="margin-top: 0.05pt;"><br>
    </div>
    <div style="text-align: center; font-weight: bold;">February 18, 2022</div>
    <div style="text-align: center; font-weight: bold;">
      <hr noshade="noshade" align="center" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"> </div>
    <div style="text-align: center;">(Date of Event Which Requires Filing of This Statement)</div>
    <div style="margin-top: 0.2pt;"><br>
    </div>
    <div style="margin-left: 4.5pt;">If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D,
      and is filing this schedule because of &#167;240.13d-1(e), &#167;240.13d-1(f) or &#167;240.13d-1(g), check the following box. &#9744;</div>
    <div><br>
    </div>
    <div style="margin-left: 4.5pt;">NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.&#160; See Rule
      13d-7 for other parties to whom copies are to be sent.</div>
    <div><br>
    </div>
    <div style="margin-left: 4.5pt;">The remainder of this cover page shall be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject
      class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.</div>
    <div><br>
    </div>
    <div style="margin-left: 4.5pt;">The information required on the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of section 18 of the
      Securities Exchange Act of 1934 (the &#8220;Act&#8221;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</div>
    <div style="margin-left: 4.5pt;"> <br>
    </div>
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      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"> </div>
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    </div>
    <div style="font-weight: bold;">CUSIP No. 749641106</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z6a039e44201b4b9cb7cfcf76b70049ef" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 5.97%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-right: 10pt; margin-left: 10.95pt; font-weight: bold;">1</div>
          </td>
          <td style="width: 94.03%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);" colspan="3">
            <div style="font-weight: bold;">NAME OF REPORTING PERSONS</div>
            <div>BorgWarner Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5.97%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-right: 10pt; margin-left: 10.95pt; font-weight: bold;">2</div>
          </td>
          <td style="width: 94.03%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div><font style="font-weight: bold;">CHECK THE APPROPRIATE BOX IF A MEMBER&#160; OF A GROUP</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt">&#160; </font>(a)&#160; &#9744;</div>
            <div><font style="font-weight: bold;">(See Instructions)</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 144pt">&#160;</font>&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; &#160;&#160;&#160; (b)&#160; &#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5.97%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-right: 10pt; margin-left: 10.95pt; font-weight: bold;">3</div>
          </td>
          <td style="width: 94.03%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="font-weight: bold;">SEC USE ONLY</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5.97%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-right: 10pt; margin-left: 10.95pt; font-weight: bold;">4</div>
          </td>
          <td style="width: 94.03%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="font-weight: bold;">SOURCE OF FUNDS (See Instructions)</div>
            <div>OO</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5.97%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-right: 10pt; margin-left: 10.95pt; font-weight: bold;">5</div>
          </td>
          <td style="width: 94.03%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="font-weight: bold;">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT</div>
            <div style="font-weight: bold;">TO ITEM 2(d) or 2(e)</div>
            <div style="margin-left: 0.45pt;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5.97%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-right: 10pt; margin-left: 10.95pt; font-weight: bold;">6</div>
          </td>
          <td style="width: 94.03%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="font-weight: bold;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div>Delaware</div>
          </td>
        </tr>
        <tr>
          <td style="width: 21.98%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" rowspan="4" colspan="2">
            <div style="text-align: center; font-weight: bold;">NUMBER OF SHARES BENEFICIALLY OWNED BY</div>
            <div style="text-align: center; font-weight: bold;">EACH</div>
            <div style="text-align: center; font-weight: bold;">REPORTING</div>
            <div style="text-align: center; font-weight: bold;">PERSON WITH</div>
          </td>
          <td style="width: 7.01%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">7</div>
          </td>
          <td style="width: 71%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">SOLE VOTING POWER</div>
            <div>19,315,399</div>
          </td>
        </tr>
        <tr>
          <td style="width: 16.01%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">8</div>
          </td>
          <td style="width: 7.01%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">SHARED VOTING POWER</div>
            <div>0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 16.01%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">9</div>
          </td>
          <td style="width: 7.01%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">SOLE DISPOSITIVE POWER</div>
            <div>19,315,399</div>
          </td>
        </tr>
        <tr>
          <td style="width: 16.01%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">10</div>
          </td>
          <td style="width: 7.01%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">SHARED DISPOSITIVE POWER</div>
            <div>0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5.97%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">11</div>
          </td>
          <td style="width: 94.03%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="font-weight: bold;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            <div>19,315,399</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5.97%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">12</div>
          </td>
          <td style="width: 94.03%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div><font style="font-weight: bold;">CHECK IF THE AGGREGATE AMOUNT&#160; IN ROW (11) EXCLUDES
                CERTAIN</font>&#160; <font style="font-weight: bold;">SHARES (See Instructions)</font></div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5.97%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">13</div>
          </td>
          <td style="width: 94.03%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="font-weight: bold;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
            <div>14.4%*</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5.97%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">14</div>
          </td>
          <td style="width: 94.03%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="font-weight: bold;">TYPE OF REPORTING PERSON (See Instructions)</div>
            <div>CO</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><font style="font-weight: bold;">*</font>Represents the percentage ownership based on
      134,137,938 shares of Common Stock outstanding as of November 8, 2021 as reported in the Issuer&#8217;s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 15, 2021.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">EXPLANATORY NOTE</div>
    <div><br>
    </div>
    <div>This Amendment No. 1 (this &#8220;<u>Amendment</u>&#8221;) amends and supplements the
      Schedule 13D filed with the Securities and Exchange Commission (the &#8220;<u>SEC</u>&#8221;) on December 29, 2020 (the &#8220;<u>Schedule 13D</u>&#8221;) by the Reporting Person relating to shares of common stock, par value $.00001 per share (&#8220;<u>Common Stock</u>&#8221;),
      of Romeo Power, Inc. (the &#8220;<u>Issuer</u>&#8221;).</div>
    <div><br>
    </div>
    <div>Information reported in the Schedule 13D remains in effect except to the extent that it is amended, restated or superseded by information contained in this
      Amendment. Capitalized terms used but not defined in this Amendment have the respective meanings set forth in Schedule 13D.</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold;">Item 4.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 108pt">&#160;</font><font style="font-weight: bold;">Purpose of Transaction.</font></div>
    <div><br>
    </div>
    <div style="font-style: italic;">Item 4 of the Schedule D is hereby amended and restated as follows:</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;">The information in Items 3 and 6 of this Schedule 13D is incorporated by reference.</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">BorgWarner acquired the securities of the Issuer for strategic investment purposes, having acquired securities
        of Romeo Systems, Inc. (now a subsidiary of the Issuer) (&#8220;Romeo Systems&#8221;) in May 2019 as part of its effort to expand its electrification portfolio and systems expertise. BorgWarner currently intends to liquidate its investment in the Issuer
        through sales of Romeo Common Stock over a period of time. The timing and method for liquidating BorgWarner&#8217;s investment in the Issuer will be determined based on various factors, including but not limited to market conditions and other factors
        that BorgWarner deems relevant to its investment decision. However, BorgWarner intends to review and evaluate its investment in the Issuer on a continuous basis, and subject to compliance with applicable laws, rules and regulations, BorgWarner may
        in the future take further actions with respect to its investment in the Issuer as it deems appropriate with respect to any or all matters required to be disclosed in this Schedule 13D, including without limitation changing its intentions or
        engaging in any hedging or other derivative transactions with respect to Romeo Common Stock.</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">BorgWarner&#160;Ithaca LLC, a wholly-owned
        subsidiary of BorgWarner (&#8220;BorgWarner&#160;Ithaca&#8221;), formed a joint venture (the &#8220;JV&#8221;) with Romeo Systems in June 2019, which at the time of formation was owned 60% by BorgWarner&#160;Ithaca
      and 40% by Romeo Systems.&#160; On February 4, 2022, Romeo Systems acquired BorgWarner Ithaca&#8217;s entire membership interest in the JV.&#160; The respective rights of BorgWarner and
        Romeo Systems in respect of the JV were set forth in a Joint Venture Operating Agreement (the &#8220;JV Agreement&#8221;) and in an Intellectual Property License Agreement (the &#8220;License Agreement&#8221;), each entered into in May 2019, copies of which are attached
        hereto as <u>Exhibits 2</u> and <u>3</u>, respectively. &#160;The surviving provisions of these agreements, which were terminated effective February 4,
        2022:</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z532bdff0b87d4f3e8d169fa07d57ccb9" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; margin-bottom: 12pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="margin-bottom: 12pt;">provide a license to the Issuer and BorgWarner of the JV&#8217;s intellectual property rights;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zb146e0ebdf994a91b3f44dd7007ed113" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;">

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              <div style="margin-left: 18pt; margin-bottom: 12pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="margin-bottom: 12pt;">grant BorgWarner a right of first refusal to manufacture certain products in the Romeo Systems field if Romeo Systems
                  proposes to expand its manufacturing capacity;</div>
            </td>
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    <div>
      <table cellspacing="0" cellpadding="0" id="z35f9b9bc12d542c7ad72d450ccfc5aa2" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;">

          <tr>
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              <div style="margin-left: 18pt; margin-bottom: 12pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="margin-bottom: 12pt;">provide BorgWarner broad commercial rights to commercialize Romeo IP (or the option to acquire those rights for a
                  payment) under circumstances involving the Issuer&#8217;s insolvency or an event of default under any debt instrument;</div>
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    <div style="text-indent: 72pt; margin-bottom: 12pt;">BorgWarner may, at any time or from time to time, exercise its rights under the JV Agreement and the License
        Agreement, and BorgWarner&#8217;s exercise of any such rights may relate to or result in any of the transactions or other matters specified in clauses (a)&#160;through (j)&#160;of Item 4 of Schedule 13D.</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">Upon the consummation of the Business Combination, certain stockholders of the Issuer, including BorgWarner, entered
      into a Stockholders&#8217; Agreement (the &#8220;Stockholders&#8217; Agreement&#8221;) with the Issuer, pursuant to which (i) BorgWarner agreed to vote its securities of the Issuer in favor of directors nominated by certain other stockholders of the Issuer for so long as
      such stockholders maintain ownership of a certain percentage interests in the Issuer, and (ii) BorgWarner has the right to designate one director for election to the Issuer&#8217;s board of directors (the &#8220;Romeo Board&#8221;) for so long as BorgWarner maintains
      ownership of at least 7,677,071 shares of Romeo Common Stock, equating to 5% of the securities of the Issuer that were issued and outstanding as of the closing of the Business Combination.&#160; A copy of the Stockholders&#8217; Agreement is attached hereto as
      <u>Exhibit 4</u>. The director that BorgWarner designates may have influence over the
        corporate activities of the Issuer, including activities that may relate to transactions described in clauses (a) through (j) of Item 4 of Schedule 13D, and therefore, BorgWarner may indirectly have such influence.</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;"> <br>
      </div>
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    </div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">Laurene Horiszny, a consultant to BorgWarner and previously BorgWarner&#8217;s Chief Compliance and Privacy Officer, is currently serving as a member of the Romeo Board as BorgWarner&#8217;s designee under the Stockholders&#8217; Agreement, and she has been appointed to serve on the Finance and
      Investment Committee of the Romeo Board. Should Ms. Horiszny resign as a member of the Romeo Board at a time that BorgWarner still has its right to designate a director on the Romeo Board, BorgWarner will have the right to appoint Ms. Horiszny&#8217;s
      successor.</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">The foregoing descriptions of the JV Agreement, the License Agreement and the Stockholders&#8217; Agreement do not purport to be complete and are subject to, and are qualified in their entirety by, the full text of the JV Agreement, the License Agreement and the Stockholders&#8217; Agreement, which were filed as <u>Exhibits 2</u>, <u>3</u> and <u>4</u>, respectively, to the Schedule 13D and incorporated herein by reference.</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">Except as described in this Item 4, BorgWarner does not have any current plans or proposals that relate to or
        that would result in any of the transactions or other matters specified in clauses (a)&#160;through (j)&#160;of Item 4 of Schedule 13D, provided that BorgWarner, at any time and from time to time, may review or reconsider and change its positions and/or
        intentions.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">SIGNATURE</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">After reasonable inquiry and to the best of the undersigned&#8217;s&#160;knowledge, the undersigned certifies that the information set forth in this
      statement is true, complete and correct.</div>
    <div><br>
    </div>
    <div>Dated: February 18, 2022</div>
    <div><br>
    </div>
    <div><br>
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            <div>&#160;</div>
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          <td style="width: 4.16%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 48.32%; vertical-align: top;" colspan="2">
            <div style="font-weight: bold;">BORGWARNER INC.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.52%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 7.91%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 40.4%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.52%; vertical-align: top;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;">
            <div>&#160;</div>
          </td>
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            <div style="text-indent: -10pt; margin-left: 10pt;">&#160;By:</div>
          </td>
          <td style="width: 40.4%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div>/s/ Tonit M. Calaway</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.52%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 4.16%; vertical-align: top;">
            <div style="text-indent: -10pt; margin-left: 10pt;">&#160;</div>
          </td>
          <td style="width: 7.91%; vertical-align: top;">
            <div style="text-indent: -10pt; margin-left: 10pt;">&#160;Name:</div>
          </td>
          <td style="width: 40.4%; vertical-align: bottom;">
            <div style="text-indent: -10pt; margin-left: 10pt;">Tonit M. Calaway</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.52%; vertical-align: top;">&#160;</td>
          <td style="width: 4.16%; vertical-align: top;">&#160;</td>
          <td style="width: 7.91%; vertical-align: top;">
            <div style="text-indent: -10pt; margin-left: 10pt;">&#160;Title:</div>
          </td>
          <td style="width: 40.4%; vertical-align: bottom;">
            <div>Executive Vice President, Chief Administrative Officer, General Counsel and Secretary</div>
          </td>
        </tr>

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