13D Filing: Altai Capital and Amber Road Inc. (AMBR)

The Reporting Persons used approximately $15,280,319
(including brokerage commissions) in the aggregate to purchase the Common Stock for the account of Osprey.

The source of the funds used by Osprey to acquire
the Common Stock reported herein is the working capital available to Osprey and margin borrowings described in the following sentence.
Such shares of Common Stock are held by Osprey in margin accounts, which may extend margin credit to Osprey from time to time,
subject to applicable federal margin regulations, stock exchange rules and credit policies. In such instances, the positions held
in the margin account are pledged as collateral security for the repayment of debit balances in the account. The margin accounts
bear interest at a rate based upon the broker’s call rate from time to time in effect. Because other securities are held
in the margin accounts, it is not possible to determine the amounts, if any, of margin used to purchase the Common Stock reported
herein.