Document:

Exhibit 10.10

 

REPAY HOLDINGS CORPORATION

OMNIBUS
INCENTIVE PLAN

Effective as
of July 11, 2019

 

1. Purpose and Stockholder Approval.

 

(a)
Repay Holdings Corporation, a Delaware corporation (as successor to Thunder Bridge Acquisition Ltd., a Cayman Islands
exempted company, the “Company”), hereby adopts the Repay Holdings Corporation Omnibus Incentive Plan
(the “Plan”), effective as of July 11, 2019. The Plan is intended to recognize the contributions made to the
Company and its Affiliates by its employees, directors, consultants and advisors of the Company, to provide such persons with
additional incentive to devote themselves to the future success of the Company, to improve the ability of the Company to
attract, retain, and motivate individuals upon whom the Company’s sustained growth and financial success depend, by
providing such persons with an opportunity to acquire or increase their proprietary interest in the Company. To this end, the
Plan provides for the grant of stock options, stock appreciation rights, restricted stock, restricted stock units and
dividend equivalent rights. Any of these awards may, but need not, be made as performance incentives to reward attainment of
annual or long-term performance goals at the Committee’s sole and absolute discretion. Stock options granted under the
Plan may be non-qualified stock options or incentive stock options, as provided herein, except that stock options granted to
any person who is not an employee of the Company shall in all cases be non-qualified stock options.

 

(b) The adoption the
Plan is contingent on and subject to its approval by the Company’s stockholders at the Company’s stockholders meeting
scheduled for July 10, 2019. No grants or awards shall be made under the Plan if the Plan is not so approved.

 

2. Definitions.
Unless the context clearly indicates otherwise, the following terms shall have the following meanings:

 

(a) “Affiliate”
means a corporation that is a parent corporation or a subsidiary corporation with respect to the Company within the meaning of
Section 424(e) or (f) of the Code, and any other non-corporate entity that would be such a subsidiary corporation if such entity
were a corporation.

 

(b) “Award”
means an award of Restricted Stock, Restricted Stock Units, Stock Options, Stock Appreciation Rights or Dividend Equivalent Rights
granted under the Plan, designated by the Committee at the time of such grant as an Award, and containing the terms specified herein
for Awards.

 

(c) “Award Document”
means the document that sets forth the terms and conditions of each grant of an Award. Awards shall be evidenced by an Award Document
in such form as the Committee shall from time to time approve, which Award Document shall comply with and be subject to the terms
and conditions of the Plan and such other terms and conditions as the Committee shall from time to time require that are not inconsistent
with the terms of the Plan. A Grantee shall not have any rights with respect to an Award until and unless such Grantee shall have
executed an Award Document containing the terms and conditions determined by the Committee.

 

(d) “Board of
Directors” means the Board of Directors of the Company.

 

(e) “Cause”
shall have the same definition as under any employment agreement between the Company or any Affiliate and the Grantee or, if no
such employment agreement exists or if such employment agreement does not contain any such definition or words of similar import,
“Cause” means, except as otherwise provided in an Award Document, that an employee-Grantee should be or was dismissed
as a result of

 

(i) any material breach
by the Grantee of any agreement to which the Grantee and the Company or an Affiliate are parties,

 

(ii) any act (other
than retirement) or omission to act by the Grantee, including without limitation, the commission of any crime (other than ordinary
traffic violations) that may have a material and adverse effect on the business of the Company or any Affiliate or on the Grantee’s
ability to perform services for the Company or any Affiliate, or

 

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(iii)
any material misconduct or neglect of duties by the Grantee in connection with the business or affairs of the Company or any Affiliate.

 

(f) “Change
of Control” shall mean, except as otherwise provided in the Award Document, the first to occur of any of the following events:

 

(i) The date any transaction
is consummated that constitutes the sale or other disposition of all or substantially all of the assets of the Company, other than
where such transaction results in all or substantially all of the assets of the Company being held by an entity as to which at
least a majority of the equity ownership of such entity immediately after the sale or disposition is held by the same persons and
in the same proportions as the Company’s common stock was held immediately before such sale or other disposition;

 

(ii) The date any
transaction is consummated that constitutes a merger or consolidation of the Company with or into another corporation, other than
a merger or consolidation of the Company in which holders of shares of the Common Stock immediately prior to the merger or consolidation
will hold at least a majority of the ownership of common stock of the surviving corporation (and, if one class of common stock
is not the only class of voting securities entitled to vote on the election of directors of the surviving corporation, a majority
of the voting power of the surviving corporation’s voting securities) immediately after the merger or consolidation, which
common stock (and, if applicable, voting securities) is to be held in the same proportion as such holders’ ownership of Common
Stock immediately before the merger or consolidation;

 

(iii) The date any
entity, person or group, (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Securities Exchange Act of 1934, as
amended), other than the Company or any of its subsidiaries or any employee benefit plan (or related trust) sponsored or maintained
by the Company or any of its subsidiaries, shall have become the beneficial owner of, or shall have obtained voting control over,
more than fifty percent (50%) of the outstanding shares of the Common Stock;

 

(iv) The first day
after the date this Plan is effective when directors are elected such that a majority of the Board of Directors shall have been
members of the Board of Directors for less than twenty four (24) months, unless the nomination for election of each new director
who was not a director at the beginning of such twenty four (24) month period was approved by a vote of at least two thirds of
the directors then still in office who were directors at the beginning of such period; or

 

(v) The date the stockholders
of the Company (or the Board of Directors, if stockholder action is not required) approve a plan or other arrangement pursuant
to which the Company will be dissolved or liquidated and no further contingences remain that could prevent the consummation of
such plan or arrangement. For avoidance of doubt, any transaction done exclusively for the purpose of changing the domicile of
the company shall not constitute a Change of Control.

 

(g) “Closing” means the consummation of the transactions
contemplated by the Merger Agreement.

 

(h) “Code” means the Internal Revenue Code of 1986,
as amended.

 

(i) “Committee” shall have the meaning set forth
in Section 3(a).

 

(j) “Common Stock” means the Company’s Class
A Common Stock, par value $0.0001 per share.

 

(k) “Disability” shall have the meaning set forth
in Section 22(e)(3) of the Code.

 

(l) “Dividend Equivalent Right” means a right, granted
to a Grantee under the terms of the Plan, to receive cash, Stock, other Awards or other property equal in value to dividends paid
with respect to a specified number of shares of Stock, or other periodic payments.

 

(m) “Exchange
Act” means the Securities Exchange Act of 1934, as amended, and all rules and regulations promulgated thereunder. Reference
to a specific section of the Exchange Act or regulation thereunder shall include such section or regulation, any valid regulation
or interpretation promulgated under such section, and any comparable provision of any future legislation or regulation amending,
supplementing or superseding such section or regulation.

 

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(n) “Fair Market Value”
shall mean:

 

(i) If the Common
Stock is traded on any national stock exchange or quotation system, then the Fair Market Value per Share shall be, the last reported
sale price per share thereof on the relevant date (or the closing price as of the most recent trading day prior to the relevant
date if the relevant date is not a trading day), as reported on the stock exchange or quotation system that reflects the principal
market on which the Common Stock is traded on such date; or

 

(ii) If the Common
Stock is not traded on any national stock exchange or quotation system on the relevant date, the Fair Market Value shall be as
determined in good faith by the Committee.

 

(o) “Good Reason”
shall have the same definition as under any employment agreement between the Company or any Affiliate and the Grantee or, if no
such employment agreement exists or if such employment agreement does not contain any such definition or words of similar import,
“Good Reason” shall mean, except as otherwise provided in an Award Document, the termination of employment by the Grantee
following the occurrence, without the Grantee’s written consent, after a Change of Control of:

 

(i) a material reduction
in the Grantee’s base salary or wage rate or target incentive opportunity; or

 

(ii) the relocation
of the Grantee’s principal place of employment to a location more than fifty miles from the Grantee’s principal place
of employment as of immediately prior to the Change of Control;

 

provided, however, that the foregoing events
shall constitute Good Reason only if the Grantee provides the Company with written objection to the event within thirty days following
the occurrence thereof, the Company does not reverse or otherwise cure the event within thirty days of receiving that written objection
and the Grantee resigns the Grantee’s employment within twenty days following the expiration of the Company’s thirty-day
cure period.

 

(p) “Grant Date”
means the date established by the Committee as of which any Award has been granted to a Grantee.

 

(q) “Grantee” means any person who is granted an
Award.

 

(r) “Hawk Units” means the Class A Units of Hawk
Parent Holdings LLC in accordance with the Second Amended and Restated Limited Liability Company Agreement of Hawk Parent Holdings
LLC to be adopted immediately after the consummation of the transactions contemplated by the Merger Agreement.

 

(s) “ISO”
means an Option granted under the Plan that is intended to qualify as an “incentive stock option” within the meaning
of Section 422(b) of the Code.

 

(t) “Merger
Agreement” means the Amended and Restated Agreement and Plan of Merger, dated effective as of January 21, 2019, by and among
Thunder Bridge Acquisition Ltd., TB Acquisition Merger Sub LLC, Hawk Parent Holdings LLC and, solely in its capacity as the Company
Securityholder Representative thereunder, CC Payment Holdings, L.L.C., as it may be amended and supplemented from time to time.

 

(u) “Non-Qualified Stock Option”
means an Option granted under the Plan that is not intended to qualify, or otherwise does not qualify, as an “incentive stock
option” within the meaning of Section 422(b) of the Code.

 

(v) “Option” or “Stock Option” means
either an ISO or a Non-Qualified Stock Option granted under the Plan.

 

(w) “Option
Price” means the price at which Shares may be purchased upon exercise of an Option, as calculated pursuant to the applicable
provisions of the Plan.

 

(x) “Restricted Stock” means Shares issued to a
person pursuant to an Award.

 

(y) “Rule 16b-3” means Rule 16b-3 promulgated under
the Act or any successor Rule.

 

(z) “Restricted
Stock Unit” or “RSU” means a bookkeeping entry representing the equivalent of one (1) share of Common Stock awarded
to a Grantee under Section 8 of the Plan.

 

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(aa) “Shares” means
the shares of Common Stock that are the subject of Awards.

 

(bb) “Stock Appreciation Rights” or “SAR”
means a right granted to a grantee under Section 7 of the Plan.

 

(cc) “Termination
of Employment or Service in Connection with a Change of Control” shall be deemed to occur with respect to a Grantee if, within
the one-year period (or such longer period as may be specified in an Award Document) beginning on the date of a Change of Control,
the employment or service of the Grantee shall be terminated either (i) involuntarily for any reason other than for Cause, (ii)
voluntarily for Good Reason or (iii) in the case of Directors, a required resignation from the Board of Directors.

 

3. Administration of the Plan.

 

(a) Committee.
The Plan shall be administered by the Compensation Committee of the Board of Directors provided such committee consists of at least
two members of the Board of Directors, each of whom qualifies as a “non-employee director” (as that phrase is used
for purposes of Rule 16b-3) and as an “independent director” (as that phrase is used by the rules of the stock exchange
on which the Company’s shares are traded). The foregoing requirement for members of the Compensation Committee to act as
the Committee shall not be applicable if the Company ceases to be a publicly traded corporation. Notwithstanding anything in this
Section 3(a) to the contrary, the Board of Directors may establish more than one committee to administer the Plan with respect
to separate classes of Grantees (other than officers of the Company who are subject to Section 16 of the Exchange Act), and, provided
further, that the Board of Directors, itself, shall act as the Committee with respect to Awards made to non-employee members of
the Board of Directors.

 

(b) Grants.
The Committee shall from time to time at its discretion direct the Company to grant Awards pursuant to the terms of the Plan. The
Committee shall have plenary authority to (i) determine the Grantees to whom and the times at which Awards shall be granted, (ii)
determine the price at which Options shall be granted, (iii) determine the type of Option to be granted and the number of Shares
subject thereto, (iv) determine the number of Shares to be granted pursuant to each Award and (v) approve the form and terms and
conditions of the Award Documents and of each Award; all subject, however, to the express provisions of the Plan, including, specifically,
Section 10 regarding grants of Awards to non-employee members of the Board of Directors. In making such determinations, the Committee
may take into account the nature of the Grantee’s services and responsibilities, the Grantee’s present and potential
contribution to the Company’s success and such other factors as it may deem relevant. The interpretation and construction
by the Committee of any provisions of the Plan or of any Award granted under it shall be final, binding and conclusive.

 

(c) Exculpation.
No member of the Committee shall be personally liable for monetary damages as such for any action taken or any failure to take
any action in connection with the administration of the Plan or the granting of Awards thereunder except to the extent such exculpation
is prohibited by provisions of the applicable business corporations law; provided, however, that the provisions of this
Section 3(c) shall not apply to the responsibility or liability of a member of the Committee pursuant to any criminal statute or
to the liability of a member of the Committee for the payment of taxes pursuant to local, state or federal law.

 

(d) Indemnification.
Service on the Committee shall constitute service as a member of the Board of Directors. Each member of the Committee shall be
entitled without further act on his or her part to indemnity from the Company to the fullest extent provided by applicable law
and the Company’s Certificate of Incorporation and/or Bylaws in connection with or arising out of any action, suit or proceeding
with respect to the administration of the Plan or the granting of Options or Awards thereunder in which he or she may be involved
by reason of his or her being or having been a member of the Committee, whether or not he or she continues to be such member of
the Committee at the time of the action, suit or proceeding.

 

4. Eligibility.
All employees (including employees who are members of the Board of Directors or its Affiliates), directors, consultants and advisors
of the Company or its Affiliates shall be eligible to receive Awards hereunder; provided, that only employees of the Company
or its Affiliates shall be eligible to receive ISOs. The Committee, in its sole discretion, shall determine whether an individual
qualifies as an employee of the Company or its Affiliates.

 

5. Term
of the Plan. No Award may be granted under the Plan after July 10, 2029.

 

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6. Stock Options and Terms. Each Option granted under the Plan
shall be a Non-Qualified Stock Option unless the Option shall be specifically designated at the time of grant to be an ISO. Options
granted pursuant to the Plan shall be evidenced by the Award Documents in such form as the Committee shall from time to time approve,
which Award Documents shall comply with and be subject to the following terms and conditions and such other terms and conditions
as the Committee shall from time to time require that are not inconsistent with the terms of the Plan.

 

(a) Number of Shares.
Each Award Document shall state the number of Shares to which it pertains. A Grantee may receive more than one Option, which may
include Options that are intended to be ISOs and Options that are not intended to be ISOs, but only on the terms and subject to
the conditions and restrictions of the Plan.

 

(b) Option Price.
Each Award Document shall state the Option Price that shall be at least 100% of the Fair Market Value of the Shares at the time
the Option is granted as determined by the Committee in accordance with this Section 6(b); provided, however, that if an
ISO is granted to a Grantee who then owns, directly or by attribution under Section 424(d) of the Code, shares of capital stock
of the Company possessing more than 10% of the total combined voting power of all classes of stock of the Company or an Affiliate,
then the Option Price shall be at least 110% of the Fair Market Value of the Shares at the time the Option is granted.

 

(c) Exercise.
No Option shall be deemed to have been exercised prior to the receipt by the Company of written notice of such exercise and of
payment in full of the Option Price for the Shares to be purchased. Each such notice shall specify the number of Shares to be purchased
and shall (unless the Shares are covered by a then effective registration statement or a Notification under Regulation A under
the Securities Act of 1933, as amended (the “Act”)), contain the Grantee’s acknowledgment in form and substance
satisfactory to the Company that (i) such Shares are being purchased for investment and not for distribution or resale (other than
a distribution or resale that, in the opinion of counsel satisfactory to the Company, may be made without violating the registration
provisions of the Act), (ii) the Grantee has been advised and understands that (A) the Shares have not been registered under the
Act and are “restricted securities” within the meaning of Rule 144 under the Act and are subject to restrictions on
transfer and (B) the Company is under no obligation to register the Shares under the Act or to take any action that would make
available to the Grantee any exemption from such registration, (iii) such Shares may not be transferred without compliance with
all applicable federal and state securities laws, and (iv) an appropriate legend referring to the foregoing restrictions on transfer
and any other restrictions imposed under the Award Documents may be endorsed on the certificates. Notwithstanding the foregoing,
if the Company determines that issuance of Shares should be delayed pending (I) registration under federal or state securities
laws, (II) the receipt of an opinion that an appropriate exemption from such registration is available, (III) the listing or inclusion
of the Shares on any securities exchange or in an automated quotation system or (IV) the consent or approval of any governmental
regulatory body whose consent or approval is necessary in connection with the issuance of such Shares, the Company may defer exercise
of any Option granted hereunder until any of the events described in this Section 6(c) has occurred.

 

(d) No Stockholder
Rights Prior to Exercise. No Grantee shall, solely by reason of having been granted one or more Options, have any rights as
a stockholder of the Company and shall have no right to vote Shares subject to the Option, nor any right to receive any dividends
declared or paid with respect to such Shares unless and until the Grantee has exercised his or her Option and acquired such Shares.

 

(e) Medium of Payment.
A Grantee shall pay for Shares (i) in cash, (ii) by certified check payable to the order of the Company, or (iii) by such other
mode of payment as the Committee may approve, including, without limitation, payment through a broker in accordance with procedures
permitted by Regulation T of the Federal Reserve Board. Furthermore, the Committee may provide in an Award Document that payment
may be made in whole or in part in shares of Common Stock held by the Grantee. If payment is made in whole or in part in shares
of Common Stock, then the Grantee shall deliver to the Company certificates registered in the name of such Grantee representing
the shares of Common Stock owned by such Grantee, free of all liens, claims and encumbrances of every kind and having an aggregate
Fair Market Value on the date of delivery that is at least as great as the Option Price of the Shares (or relevant portion thereof)
with respect to which such Option is to be exercised by the payment in shares of Common Stock, accompanied by stock powers duly
endorsed in blank by the Grantee. A Grantee may also pay for Shares by delivery of Shares to be acquired upon the exercise of such
Option, with such Shares being valued at the Fair Market Value on the date of exercise. Notwithstanding the foregoing, the Committee
may impose from time to time such limitations and prohibitions on the use of shares of Common Stock to exercise an Option as it
deems appropriate.

 

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(f) Termination of Options.

 

(i) No Option shall be exercisable after
the first to occur of the following:

 

(1) Expiration of
the Option term specified in the Award Document, which shall not exceed (i) ten years from the Grant Date, or (ii) five years from
the Grant Date of an ISO if the Grantee on the Grant Date owns, directly or by attribution under Section 424(d) of the Code, shares
of capital stock of the Company possessing more than ten percent (10%) of the total combined voting power of all classes of capital
stock of the Company or of an Affiliate;

 

(2) Except as otherwise
provided in the Award Document, expiration of ninety (90) days from the date the Grantee’s employment or service with the
Company or its Affiliate terminates for any reason other than Disability or death or as otherwise specified in this Section 6 or
Section 13 below;

 

(3) Except as otherwise
provided in the Award Document, expiration of one year from the date the Grantee’s employment or service with the Company
or its Affiliate terminates due to the Grantee’s Disability or death;

 

(4) The date on which
the employment or service of the Grantee shall be terminated for Cause. In such event, in addition to immediate termination of
the Option, the Grantee shall automatically forfeit all Shares for which the Company has not yet delivered the share certificates
upon refund by the Company of the Option Price of such Shares; or

 

(5) The date, if any,
set by the Board of Directors as an accelerated expiration date pursuant to Section 12 hereof.

 

(ii) Notwithstanding
the foregoing, the Committee may extend the period during which an Option may be exercised to a date no later than the date of
the expiration of the Option term specified in the Award Documents, as they may be amended, provided that any change pursuant to
this Section 6(f)(ii) that would cause an ISO to become a Non-Qualified Stock Option may be made only with the consent of the Grantee.

 

(iii) During the period
in which an Option may be exercised after the termination of the Grantee’s employment or service with the Company or any
Affiliate, such Option shall only be exercisable to the extent it was exercisable immediately prior to such Grantee’s termination
of service or employment, except to the extent specifically provided to the contrary in the applicable Award Document.

 

(g) Transfers.
Except as provided in Section 24, no Option may be transferred except by will or by the laws of descent and distribution. During
the lifetime of the person to whom an Option is granted, such Option may be exercised only by him or her except as provided in
Section 24. Notwithstanding the foregoing, a Non-Qualified Stock Option may be transferred pursuant to the terms of a “qualified
domestic relations order” within the meaning of Sections 401(a)(13) and 414(p) of the Code or within the meaning of Title
I of the Employee Retirement Income Security Act of 1974, as amended.

 

(h) Exercisability.
No Option may be exercised except to the extent the Option has become vested pursuant to its terms.

 

(i) Limitation
on ISO Grants. In no event shall the aggregate Fair Market Value of the Shares (determined at the time the ISO is granted)
with respect to which an ISO is exercisable for the first time by the Grantee during any calendar year (under all incentive stock
option plans of the Company or its Affiliates) exceed $100,000 (determined as of the Grant Date or Dates).

 

(j) Other Provisions.
The Award Documents shall contain such other provisions including, without limitation, provisions authorizing the Committee to
accelerate the exercisability of all or any portion of an Option, additional restrictions upon the exercise of the Option or additional
limitations upon the term of the Option, as the Committee shall deem advisable.

 

(k) Amendment. The Committee shall
have the right to amend Award Documents issued to a Grantee, subject to the Grantee’s consent if such amendment is not favorable
to the Grantee, except that the consent of the Grantee shall not be required for any amendment made under Section 13.

 

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7. Stock Appreciation Rights.

 

(a) An SAR is an Award
in the form of a right to receive cash or Common Stock, upon surrender of the SAR, in an amount equal to the appreciation in the
value of the Common Stock over a base price established in the Award. An SAR shall confer on the Grantee to whom it is granted
a right to receive, upon exercise thereof, the excess of (A) the Fair Market Value of one share of Common Stock on the date of
exercise over (B) the grant price of the SAR as determined by the Committee. The Award Document for an SAR shall specify the grant
price of the SAR, which shall be at least the Fair Market Value of a share of Common Stock on the Grant Date. SARs may be granted
in conjunction with all or part of an Option granted under the Plan or at any subsequent time during the term of such Option, in
conjunction with all or part of any other Award or without regard to any Option or other Award; provided that an SAR that is granted
subsequent to the Grant Date of a related Option must have an SAR Price that is no less than the Fair Market Value of one share
of Common Stock on the Grant Date of the Option.

 

(b) The Committee
shall determine at the Grant Date or thereafter, the time or times at which and the circumstances under which an SAR may be exercised
in whole or in part (including based on achievement of performance goals and/or future service requirements), the time or times
at which SARs shall cease to be or become exercisable following termination of Service or upon other conditions, the method of
exercise, method of settlement, form of consideration payable in settlement, method by or forms in which Shares will be delivered
or deemed to be delivered to Grantees, whether or not an SAR shall be in tandem or in combination with any other Award, and any
other terms and conditions of any SAR.

 

(c) Each SAR granted
under the Plan shall terminate, and all rights thereunder shall cease, upon the expiration of not more than ten years from the
date such SAR is granted, or under such circumstances and on such date prior thereto as is set forth in the Plan or as may be fixed
by the Committee and stated in the Award Document relating to such SAR.

 

(d) Holders of an
SAR shall have no rights as stockholders of the Company solely by reason of having granted one or more SARs. Holders of an SAR
shall have no right to vote such Shares or the right to receive any dividends declared or paid with respect to such Shares.

 

(e) A holder of an
SAR shall have no rights other than those of a general creditor of the Company. An SAR represents an unfunded and unsecured obligation
of the Company, subject to the terms and conditions of the applicable Award Document.

 

(f) Unless the Committee
otherwise provides in an Award Document, in the event that a Grantee’s employment with the Company terminates for any reason
other than because of death or Disability, any SAR held by such Grantee shall be forfeited by the Grantee and reacquired by the
Company. In the event that a Grantee’s employment terminates as a result of the Grantee’s death or Disability, all
remaining restrictions with respect to such Grantee’s SAR shall immediately lapse, unless otherwise provided in the Award
Document. Upon forfeiture of an SAR, the Grantee shall have no further rights with respect to such Award.

 

(g) Except as provided
in this Section 7, during the lifetime of a Grantee, only the Grantee (or, in the event of legal incapacity or incompetency, the
Grantee’s guardian or legal representative) may exercise an SAR. Except as provided in this Section 7 or Section 24, no SAR
shall be assignable or transferable by the Grantee to whom it is granted, other than by will or the laws of descent and distribution.

 

8. Restricted Stock and Restricted Stock Units.

 

(a) Restricted Stock
is an Award of shares of Common Stock that is granted subject to the satisfaction of such conditions and restrictions as the Committee
may determine. In lieu of, or in addition to any Awards of Restricted Stock, the Committee may grant Restricted Stock Units to
any Grantee subject to the same conditions and restrictions as the Committee would have imposed in connection with any Award of
Restricted Stock. Each Restricted Stock Unit shall have a value equal to the fair market value of one share of Common Stock. Each
Award Document shall state the number of shares of Restricted Stock or Restricted Stock Units to which it pertains. No cash or
other consideration shall be required to be paid by a Grantee for an Award.

 

(b) At the time a
grant of Restricted Stock or Restricted Stock Units is made, the Committee may, in its sole discretion, establish a period of time
(a “restricted period”) applicable to such Restricted Stock or Restricted Stock Units. Each Award of Restricted Stock
or Restricted Stock Units may be subject to a different restricted period.

 

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The Committee
may, in its sole discretion, at the time a grant of Restricted Stock or Restricted Stock Units is made, prescribe restrictions
in addition to or other than the expiration of the restricted period, including the satisfaction of corporate or individual performance
objectives, which may be applicable to all or any portion of the Restricted Stock or Restricted Stock Units. Except as provided
in Section 24, neither Restricted Stock nor Restricted Stock Units may be sold, transferred, assigned, pledged or otherwise encumbered
or disposed of during the restricted period or prior to the satisfaction of any other restrictions prescribed by the Committee
with respect to such Restricted Stock or Restricted Stock Units.

 

(c) The Company shall
issue, in the name of each Grantee to whom Restricted Stock has been granted, stock certificates representing the total number
of shares of Restricted Stock granted to the Grantee, as soon as reasonably practicable after the Grant Date. The Committee may
provide in an Award Document that either (i) the Secretary of the Company shall hold such certificates for the Grantee’s
benefit until such time as the Restricted Stock is forfeited to the Company or the restrictions lapse, or (ii) such certificates
shall be delivered to the Grantee, provided, however, that such certificates shall bear a legend or legends that comply
with the applicable securities laws and regulations and makes appropriate reference to the restrictions imposed under the Plan
and the Award Document.

 

(d) Unless the Committee
otherwise provides in an Award Document, holders of Restricted Stock shall have the right to vote such Shares. Under no circumstances
shall the holder of Restricted Stock be entitled to receive any dividends declared or paid with respect to such Shares until such
time as the Restricted Stock becomes vested. The Committee may provide that any dividends paid on Restricted Stock must be reinvested
in shares of Common Stock, which shall then be subject to the same vesting conditions and restrictions applicable to such Restricted
Stock. All distributions, if any, received by a Grantee with respect to Restricted Stock as a result of any stock split, stock
dividend, combination of shares, or other similar transaction shall be subject to the restrictions applicable to the original Grant.

 

(e) Holders of Restricted
Stock Units shall have no rights as stockholders of the Company. The Committee may provide in an Award Document evidencing a grant
of Restricted Stock Units that the holder of such Restricted Stock Units shall be entitled to receive, upon the Company’s
payment of a cash dividend on its outstanding Common Stock, a cash payment for each Restricted Stock Unit held equal to the per-share
dividend paid on the Common Stock; provided, however, that such cash dividend shall not be distributed to the holder of such Restricted
Stock Units until the Restricted Stock Units become vested. The Award Document may also provide that such cash payment will be
deemed reinvested in additional Restricted Stock Units at a price per unit equal to the Fair Market Value of a share of Common
Stock on the date that such dividend is paid, but such additional Restricted Stock Units shall in all cases be subject to the same
restrictions that apply to the original Restricted Stock Units.

 

(f) A holder of Restricted
Stock Units shall have no rights other than those of a general creditor of the Company. Restricted Stock Units represent an unfunded
and unsecured obligation of the Company, subject to the terms and conditions of the applicable Award Document.

 

(g) Unless the Committee
otherwise provides in an Award Document, in the event that a Grantee’s employment with the Company terminates for any reason
other than death or Disability, any Restricted Stock or Restricted Stock Units held by such Grantee shall be forfeited by the Grantee
and reacquired by the Company. In the event that a Grantee’s employment terminates as a result of the Grantee’s death
or Disability, all remaining restrictions with respect to such Grantee’s Restricted Stock shall immediately lapse, unless
otherwise provided in the Award Document. Upon forfeiture of Restricted Stock or Restricted Stock Units, the Grantee shall have
no further rights with respect to such Award, including but not limited to any right to vote Restricted Stock or any right to receive
dividends with respect to shares of Restricted Stock or Restricted Stock Units.

 

(h) Upon the expiration
or termination of any restricted period and the satisfaction of any other conditions prescribed by the Committee, the restrictions
applicable to shares of Restricted Stock or Restricted Stock Units settled in Stock shall lapse, and, unless otherwise provided
in the Award Document, a stock certificate for such shares shall be delivered, free of all such restrictions, to the Grantee or
the Grantee’s beneficiary or estate, as the case may be. The restrictions upon such Restricted Stock or Restricted Stock
Units shall lapse only if the Grantee on the date of such lapse is, and has continuously been an employee of the Company or its
Affiliate from the date such Award was granted. Neither the Grantee, nor the Grantee’s beneficiary or estate, shall have
any further rights with regard to a Restricted Stock Unit once the share of Stock represented by the Restricted Stock Unit has
been delivered.

 

(i) Restricted
Stock and Restricted Stock Units are intended to be subject to a substantial risk of forfeiture during the restricted period,
and, in the case of Restricted Stock (but not Restricted Stock Units) subject to federal income
tax in accordance with section 83 of the Code. Section 83 generally provides that Grantee will recognize compensation income
with respect to each installment of the Restricted Stock on the Vesting Date in an amount equal to the then Fair Market Value
of the shares for which restrictions have lapsed. Alternatively, Grantee may elect, pursuant to Section 83(b) of the Code, to
recognize compensation income for all or any part of the Restricted Stock at the Grant Date in an amount equal to the fair
market value of the Restricted Stock subject to the election on the Grant Date. Such election must be made within 30 days of
the Grant Date and Grantee shall immediately notify the Company if such an election is made.

 

    C-8

     

    

 

9. Dividend Equivalent
Rights. A Dividend Equivalent Right is an Award entitling the Grantee to receive credits based on cash distributions that would
have been paid on the shares of Common Stock subject to an equity-based Award granted to such Grantee, determined as though such
shares had been issued to and held by the Grantee. Notwithstanding the foregoing, no Dividend Equivalent Right may be granted hereunder
to any Grantee in connection with a Stock Option or SAR granted to such Grantee. The terms and conditions of Dividend Equivalent
Rights shall be specified in the Award Document. Dividend equivalents credited to the holder of a Dividend Equivalent Right may
be deemed reinvested in additional shares of Common Stock, which may thereafter accrue additional equivalents, or may be treated
as a cumulative right to the cash amount of such dividends. Any reinvestment of deemed dividends in shares of Common Stock shall
be at Fair Market Value on the date of the deemed dividend distribution. Dividend Equivalent Rights may be settled in cash or Common
Stock or a combination thereof, and shall be paid or distributed in a single payment or distribution on (or as soon as practicable
following) the date the underlying Award has vested (taking into account the extent of such vesting) and any such Dividend Equivalent
Right shall expire or be forfeited or annulled under the same conditions and to the same extent as the underlying Award to which
the Dividend Equivalent Right is related expires or is forfeited. Except as may otherwise be provided by the Committee in the Award
Document, a Grantee’s rights in all Dividend Equivalent Rights or interest equivalents shall automatically terminate upon
the Grantee’s termination of Service for any reason.

 

10. Grants of Awards
to Non-Employee Directors. Notwithstanding anything herein to the contrary, no Awards shall be granted under the Plan to any
non-employee member of the Board of Directors except as provided for in this Section 10. Specifically, non-employee members of
the Board of Directors shall only receive Awards as follows:

 

(a) Grants may be in the form of any Option
(other than an ISO) or Award permitted under the Plan;

 

(b) The fair value
of Awards granted to any non-employee member of the Board of Directors during any one calendar year, along with cash compensation
paid to such non-employee member of the Board of Directors in respect of such director’s service as a member of the Board
of Directors during such year (including service as a member or chair of any committees of the Board of Directors) during such
fiscal year shall not be in excess of three hundred thousand dollars ($300,000).

 

11. Limitations on Awards.

 

(a) Shares
Subject to Plan. The aggregate maximum number of Shares for which Awards may be granted pursuant to the Plan shall be
fixed immediately after the Closing as a number of Shares equal to ten percent (10%) of the sum of (A) the number of issued
and outstanding shares of Common Stock immediately after the Closing, plus (B) the number of issued and outstanding Hawk
Units immediately after the Closing, excluding those owned by the Company, plus (C) the maximum number of Hawk Units issuable
as Earn Out Units (as defined in the Merger Agreement) under the Merger Agreement as in effect at the time of the Closing,
plus (D) the aggregate maximum number of Shares for which Awards may be granted pursuant to the Plan as determined in
accordance with this Section 11(a); provided, that such number of Shares shall be subject to adjustment thereafter as
provided in Section 13. All of such Shares may be granted as ISOs.

 

(i) The Shares shall
be issued from authorized and unissued Common Stock or Common Stock held in or hereafter acquired for the treasury of the Company.

 

(ii) Shares covered
by an Award shall be counted against the limit set forth in this Section 11(a). If any Shares covered by an Award granted under
the Plan are not purchased or are forfeited or expire, or if an Award otherwise terminates without delivery of any Common Stock
subject thereto, then the number of Shares counted against the aggregate number of Shares available under the Plan with respect
to such Award shall, to the extent of any such forfeiture, termination, cash-settlement or expiration, again be available for the
grant of Awards under the Plan in the same amount as such Shares were counted against the limit set forth in this section.

 

    C-9

     

    

 

(iii)
If
an Option or an SAR terminates or expires without having been fully exercised for any reason, or is canceled or forfeited or cash-settled
pursuant to the terms of an Award, the Shares for which the Option or SAR was not exercised may again be the subject of an Award
granted pursuant to the Plan. To the extent Shares subject to an Option or stock-settled SAR are withheld by the Company for payment
of purchase price or as a means of paying the exercise price, or for payment of federal, state or local income or wage tax withholding
requirements, the Shares that are so withheld shall be treated as granted and shall not again be available for subsequent grants
of Awards under the Plan.

 

(iv) If any full-value
Award (i.e., an equity-based Award other than an Option or SAR) is canceled or forfeited or cash-settled pursuant to the terms
of an Award, the Shares for which such Award was canceled or forfeited or cash-settled may again be subject of an Award granted
pursuant to the Plan. To the extent Shares subject to a full-value Award are not actually issued to the Grantee at the time the
Award is exercised or settled, including where Shares are withheld for payment of federal, state or local income or wage tax withholding,
the Shares that are so withheld shall again be available for grants of Awards under the Plan.

 

(b) No Repricing.
Other than pursuant to Section 13, the Committee shall not without the approval of the Company’s stockholders (a) lower the
exercise price per Share of an Option or SAR after it is granted, (b) cancel an Option or SAR when the exercise price per Share
exceeds the Fair Market Value of one Share in exchange for cash or another Award (other than in connection with a Change in Control),
or (c) take any other action with respect to an Option or SAR that would be treated as a repricing under the rules and regulations
of the principal U.S. national securities exchange on which the Shares are listed. The foregoing limitations on modifications of
SARs and Options shall not be applicable to changes the Committee determines to be necessary in order to achieve compliance with
applicable law, including Internal Revenue Code Section 409A.

 

12. Change of Control.
In the event of a Change of Control, the Committee may take whatever action with respect to Awards outstanding as it deems necessary
or desirable, including, without limitation, accelerating the expiration or termination date or the date of exercisability in any
Award Documents, settling any Award by means of a cash payment (including a cash payment equal to the amount paid per share of
Common Stock in such Change of Control less, in the case of Options, the Option Price) or removing any restrictions from or imposing
any additional restrictions on any outstanding Awards. Except to the extent otherwise provided in an Award Document, the following
provisions shall apply in the event of a Change of Control:

 

(a) Awards Assumed
or Substituted by Surviving Entity. Awards assumed by an entity that is the surviving or successor entity following a Change
of Control (the “Surviving Entity”) or are otherwise equitably converted or substituted in connection with a Change
of Control shall have the same vesting schedule in effect following the Change of Control. Following the Change in Control, if
a Termination of Employment or Service in Connection with a Change in Control occurs, then all of the Grantee’s outstanding
Awards shall become fully exercisable and/or vested as the case may be as of the date of termination, with payout to such Grantee
within 60 days following the date of termination of employment, provided that the payment date of any Awards that are considered
to be deferred compensation shall not be accelerated.

 

(b) Awards not
Assumed or Substituted by Surviving Entity. Upon the occurrence of a Change of Control, and except with respect to any Awards
assumed by the Surviving Entity or otherwise equitably converted or substituted in connection with the Change of Control in a manner
approved by the Committee or the Board of Directors, all outstanding Awards shall become immediately vested and exercisable, as
the case may be, at or immediately prior to the consummation of the event that constitutes the Change of Control and there shall
be a payout of the Award (to the extent applicable under the terms of the Award) to Grantees within sixty (60) days following the
Change of Control.

 

13. Adjustments
on Changes in Capitalization. The aggregate number of Shares and class of Shares as to which Awards may be granted
hereunder, the limitation as to grants to individuals set forth in Section 10(b) hereof, the number of Shares covered by each
outstanding Award, and the Option Price for each related outstanding Option and SAR, shall be appropriately adjusted in the
event of a stock dividend, extraordinary cash dividend, stock split, recapitalization or other change in the number or class
of issued and outstanding equity securities of the Company resulting from a subdivision or consolidation of the Common Stock
and/or, if appropriate, other outstanding equity securities or a recapitalization or other capital adjustment (not including
the issuance of Common Stock on the conversion of other securities of the Company that are convertible into Common Stock)
affecting the Common Stock which is effected without receipt of consideration by the Company. The Committee shall have
authority to determine the adjustments to be made under this Section, and any such
determination by the Committee shall be final, binding and conclusive; provided, however, that no adjustment shall be
made that will cause an ISO to lose its status as such without the consent of the Grantee, except for adjustments made
pursuant to Section 12 hereof.

 

    C-10

     

    

 

14. Substitute
Awards. Notwithstanding anything in the Plan to the contrary, the Committee may grant Awards under the Plan in substitution
for stock and stock-based awards held by employees of another entity who become employees of the Company or an Affiliate as a result
of a merger or consolidation of the former employing entity with the Company or an Affiliate or the acquisition by the Company
or an Affiliate of property or stock of the former employing corporation. The Committee may direct that the substitute awards be
made on such terms and conditions as the Committee considers appropriate in the circumstances.

 

15. Amendment of
the Plan. The Board of Directors may amend the Plan from time to time in such manner as it may deem advisable; provided that,
without obtaining stockholder approval, the Board of Directors may not: (i) increase the maximum number of Shares as to which Awards
may be granted, except for adjustments pursuant to Section 13, (ii) materially expand the eligible participants or (iii) otherwise
adopt any amendment constituting a change requiring stockholder approval under applicable laws or applicable listing requirements
of the Nasdaq Stock Market or any other exchange on which the Company’s securities are listed. No amendment to the Plan shall
adversely materially affect any outstanding Award, however, without the consent of the Grantee.

 

16. No Commitment
to Retain. The grant of an Award shall not be construed to imply or to constitute evidence of any agreement, express or implied,
on the part of the Company or any Affiliate to retain the Grantee in the employ of the Company or an Affiliate and/or as a member
of the Company’s Board of Directors or in any other capacity.

 

17. Withholding
of Taxes. Whenever the Company proposes or is required to deliver or transfer Shares in connection with an Award or the exercise
of an Option, the Company shall have the right to (a) require the recipient to remit or otherwise make available to the Company
an amount sufficient to satisfy any federal, state and/or local withholding tax requirements prior to the delivery or transfer
of any certificate or certificates for such Shares or (b) take whatever other action it deems necessary to protect its interests
with respect to tax liabilities. The Company’s obligation to make any delivery or transfer of Shares shall be conditioned
on the Grantee’s compliance, to the Company’s satisfaction, with any withholding requirement. The Grantee may elect
to make payment for the withholding of federal, state and local taxes by one or a combination of the following methods: (i) payment
of an amount in cash equal to the amount to be withheld (including cash obtained through the sale of the Shares acquired on exercise
of an Option or SAR, upon the lapse of restrictions on Restricted Stocker, or upon the transfer of Shares, through a broker-dealer
to whom the Grantee has submitted irrevocable instructions to deliver promptly to the Company, the amount to be withheld); (ii)
delivering part or all of the amount to be withheld in the form of Shares valued at Fair Market Value; (iii) requesting the Company
to withhold from those Shares that would otherwise be received upon exercise of the Option or SAR, upon the lapse of restrictions
on Restricted Stock or Restricted Stock Unit, or upon the transfer of Shares, a number of Shares having a Fair Market Value; or
(iv) withholding from any compensation otherwise due to the Grantee.

 

18. Source of Shares;
Fractional Shares. The Common Stock that may be issued (which term includes Common Stock reissued or otherwise delivered) pursuant
to an Award under the Plan shall be authorized but unissued Stock. No fractional shares of Stock shall be issued under the Plan,
and shares issued shall be rounded down to the nearest whole share, but fractional interests may be accumulated pursuant to the
terms of an Award. Notwithstanding anything in the Plan to the contrary, the Company may satisfy its obligation to issue Shares
hereunder by book-entry registration.

 

19. Deferred Arrangements.
The Committee may permit or require the deferral of any award payment into a deferred compensation arrangement, subject to such
rules and procedures as it may establish, which may include provisions for the payment or crediting of interest or Dividend Equivalents,
including converting such credits into deferred Common Stock equivalents. Any such deferrals shall be made in a manner that complies
with Code Section 409A.

 

    C-11

     

    

 

20. Parachute
Limitations. Notwithstanding any other provision of this Plan or of any other agreement, contract, or understanding
heretofore or hereafter entered into by a Grantee with the Company or any Affiliate, except an agreement, contract, or
understanding that expressly addresses Section 280G or Section 4999 of the Code (an “Other Agreement”), and
notwithstanding any formal or informal plan or other arrangement for the direct or indirect provision of compensation to the
Grantee (including groups or classes of Grantees or beneficiaries of which the Grantee is a member), whether or not such
compensation is deferred, is in cash, or is in the form of a benefit to or for the Grantee (a “Benefit
Arrangement”), if the Grantee is a “disqualified individual,” as defined in Section 280G(c) of the Code, any
Option, Restricted Stock, Restricted Stock Unit, Stock Appreciation Right or Dividend Equivalent Right held by that Grantee
and any right to receive any payment or other benefit under this Plan shall not become exercisable or vested to the extent
that such right to exercise, vesting, payment, or benefit, taking into account all other rights, payments, or benefits to or
for the Grantee under this Plan, all Other Agreements, and all Benefit Arrangements, would cause any payment or benefit to
the Grantee under this Plan to be subject to excise tax under Code Section 4999; provided, however, that the foregoing
limitation on Options or Awards under the Plan shall only be applicable to the extent that the imposition of such limitation
is, on a net after tax basis, beneficial to the Grantee. The Committee shall have the authority to determine what
restrictions and/or reductions in payments shall be made under this Section 20 in order to avoid the detrimental tax
consequences of Code Section 4999, and may use such authority to cause a reduction to payments or benefits that would be made
by reason of contracts, agreements or arrangements that are outside the scope of the Plan, to the extent such a reduction
would result in a greater, net after-tax benefit to the Grantee.

 

21. Section 409A. The Committee intends to comply with
Section 409A of the Code (“Section 409A”) with regard to any Awards hereunder that constitute nonqualified deferred
compensation within the meaning of Section 409A, and otherwise to provide Awards that are exempt from Section 409A.

 

22. Unfunded Status
of Plan. The Plan shall be unfunded. Neither the Company, nor the Board of Directors nor the Committee shall be required to
segregate any assets that may at any time be represented by Awards made pursuant to the Plan. Neither the Company, nor the Board
of Directors, nor the Committee shall be deemed to be a trustee of any amounts to be paid or securities to be issued under the
Plan.

 

23. Compensation Recovery.

 

(a) In the event the
Company is required to provide an accounting restatement for any of the prior three fiscal years of the Company for which audited
financial statements have been completed as a result of material noncompliance with financial reporting requirements under federal
securities laws (a “Restatement”), the amount of any Excess Compensation (as defined below) realized by an any Executive
Officer (as defined below) shall be subject to recovery by the Company.

 

(b) For purposes of this Section 23:

 

(i) An “Executive
Officer” shall mean any officer of the Company who holds an office of executive vice president or above; and

 

(ii) “Excess
Compensation” shall mean the excess of (i) the actual amount of cash-based or equity-based incentive compensation received
by an Executive Officer over (ii) the compensation that would have been received based on the restated financial results during
the three-year period preceding the date on which the Company is required to prepare such restatement.

 

(c) Recovery of Excess
Compensation under this Section 23 shall not preclude the Company from seeking relief under any other agreement, policy or law.
The Company’s recoupment rights under this Section 23 shall be in addition to, and not in lieu of, actions that the Company
may take to remedy or discipline any act of misconduct by an Executive Officer including, but not limited to, termination of employment
or initiation of appropriate legal action.

 

    C-12

     

    

 

(d) The recovery of
compensation under this Section 23 is separate from and in addition to the compensation recovery requirements of Section 304 of
the Sarbanes-Oxley Act of 2002 that are applicable to the Company’s Chief Executive Officer and Chief Financial Officer,
and the Committee shall reduce the recoupment under this Section 23 by any amounts paid to the Company by the Chief Executive Officer
and Chief Financial Officer pursuant to such section.

 

24. Permitted
Transfers. Notwithstanding anything contained herein to the contrary, Awards (other than ISOs and corresponding Awards),
may be transferred, without consideration, to a Permitted Transferee. For this purpose, a “Permitted Transferee”
in respect of a Grantee means any member of the Immediate Family of such Grantee, any trust of which all of the primary
beneficiaries are such Grantee or members of his or her Immediate Family, or any partnership (including limited liability
companies and similar entities) of which all of the partners or members are such Grantee or members of his or her Immediate
Family; and the “Immediate Family” of a Grantee means the Grantee’s spouse, any person sharing the
Grantee’s household (other than a tenant or employee), children, stepchildren, grandchildren, parents, stepparents,
siblings, grandparents, nieces and nephews. Such Award may be exercised by such Permitted Transferee in accordance with the
terms of the Award Document. If so determined by the Committee, a Grantee may, in the manner established by the Committee,
designate a beneficiary or beneficiaries to exercise the rights of the Grantee, and to receive
any distribution with respect to any Award upon the death of the Grantee. A transferee, beneficiary, guardian, legal
representative or other person claiming any rights under the Plan from or through any Grantee shall be subject to and
consistent with the provisions of the Plan and any applicable Award Document, except to the extent the Plan and Award
Document otherwise provide with respect to such persons, and to any additional restrictions or limitations deemed necessary
or appropriate by the Committee.

 

25. Governing Law. The validity,
performance, construction and effect of this Plan shall, except to the extent preempted by federal law, be governed by the laws
of the state of Delaware, without giving effect to principles of conflicts of law.

 

 

C-13Exhibit 10.17

 

REPAY
HOLDINGS CORPORATION.

RESTRICTED STOCK AWARD AGREEMENT

 

THIS
RESTRICTED STOCK AWARD AGREEMENT (the “Award Document”) is hereby granted as of [DATE] (the “Grant Date”)
by Repay Holdings Corporation, a Delaware corporation (the “Company”), to [NAME]  (the “Grantee”)
pursuant to the Repay Holdings Corporation Omnibus Incentive Plan (the “Plan”) and subject to the terms and conditions
set forth therein and as set out in this Award Document. Capitalized terms used herein shall, unless otherwise required by the
context, have the meaning ascribed to such terms in the Plan.

 

By
action of the Committee, and subject to the terms of the Plan, the Grantee is hereby granted an Award of [NUMBER]  Shares
(the “Shares”), subject in all regards to the terms of the Plan and to the restrictions and risks of forfeiture set
forth in this Award Document.

 

NOW,
THEREFORE, in consideration of the promises and the mutual covenants contained in this Award Document, the Company and the Grantee
agree as follows:

 

1. Grant.
The Company hereby grants to the Grantee the Shares, on the terms and conditions set forth in this Award Document and as
otherwise set forth in the Plan.

 

2. Vesting
and Forfeiture.

 

(a)
Vesting. Subject to the other terms contained in this Award Document, the Shares shall become vested on the dates set forth
below (each, a “Vesting Date”), subject to the continued employment of the Grantee by the Company or Affiliate thereof
through each such Vesting Date, as to the specified portion of the Shares indicated:

 

	Vesting Date	 	Vested

Percentage	 
	First anniversary of the Grant Date	 	 	25	%
	Each monthly anniversary of the first Vesting Date	 	 	2.081⁄3	%

 

For
purposes of clarity and avoidance of doubt, the foregoing vesting schedule is structured so as to result in the Shares being 100%
vested on the fourth anniversary of the Grant Date.

 

     

     

    

 

(b) Accelerated
Vesting. Notwithstanding the foregoing, the Grantee’s Shares shall become fully vested on the occurrence of a Change
in Control.

 

(c)
Forfeiture of Unvested Shares. Except as otherwise provided herein or in any employment agreement between Grantee and the
Company or any Affiliate or as determined by the Committee in its sole discretion, unvested Shares shall be automatically forfeited
without consideration to the Grantee upon the Grantee’s termination of employment with the Company or its Affiliates for
any reason.

 

(d)
Rights as a Stockholder. Except as expressly provided herein or in the Plan, the Grantee shall have all of the rights of
a stockholder of the Company with respect to the Shares unless and until such Shares are forfeited.

 

(e) Withholding
for Taxes. Withholding of any portion of the Shares in connection with the Company’s withholding obligations arising
on account of the vesting of the Shares shall be deemed to be a taxable repurchase of such withheld Shares for federal income
tax purposes at the time that occurs.

 

(f) Dividends.
In the event any dividends are paid to shareholders during the period following the Grant Date and up to the date any of the Shares
are vested, the Grantee shall be entitled to a payment, at the same time the relevant Shares become vested, equal to the amount
that was paid as dividends with respect to such Shares. In the event the underlying Shares are forfeited, the dividends potentially
payable to the Grantee shall also be forfeited.

 

3. Clawback.
The Shares and this Restricted Stock Award are subject to the Compensation Recovery provisions of the Plan the event the Company
is required to provide an accounting restatement for any of the prior three fiscal years of the Company for which audited financial
statements have been completed as a result of material noncompliance with financial reporting requirements under federal securities
laws (a “Restatement”), the amount of any Excess Compensation (as defined below) realized by an any Executive Officer
shall be subject to recovery by the Company.

 

4. Compliance
with Legal Requirements. The granting and delivery of the Shares and any other obligations of the Company under this Award
Document, shall be subject to all applicable federal, state, local and foreign laws, rules and regulations and to such approvals
by any regulatory or governmental agency as may be required.

 

5. Transferability.
At all times prior to the Shares becoming vested, the Shares may not be assigned, alienated, pledged, attached, sold or otherwise
transferred or encumbered by the Grantee other than by will or by the laws of descent and distribution and any such purported
assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company
or any Affiliate.

 

6. Waiver.
Any right of the Company contained in this Agreement may be waived in writing by the Committee. No waiver of any right hereunder
by any party shall operate as a waiver of any other right, or as a waiver of the same right with respect to any subsequent occasion
for its exercise, or as a waiver of any right to damages.

 

7.
Severability. The invalidity or unenforceability of any provision of this Award Document shall not affect the validity
or enforceability of any other provision of this Award Document, and each other provision of this Agreement shall be severable
and enforceable to the extent permitted by law.

 

    - 2 -

     

    

 

8. Employment.
Nothing in the Plan or in this Award Document shall be construed to imply or to constitute evidence of any agreement, express
or implied, on the part of the Company or any Affiliate to retain the Grantee in the employ of the Company or an Affiliate and/or
as a member of the Company’s Board of Directors or in any other capacity.

 

9. Binding
Effect. The terms of this Award Document shall be binding upon and shall inure to the benefit of the Company, its successors
and assigns, the Grantee and the beneficiaries, executors, administrators and heirs of the Grantee.

 

10. Entire
Agreement. This Award Document and the Plan contain the entire agreement and understanding of the parties hereto with respect
to the subject matter contained herein and supersedes all prior communications, representations and negotiations in respect thereto.
In the event of a conflict between the Plan and this Award Document, the terms of the Plan shall control. No change, modification
or waiver of any provision of this Award Document shall be valid unless the same be in writing and signed by the parties hereto,
except for any changes permitted without consent of the Grantee under the Plan.

 

11. Governing
Law. This Award Document shall, except to the extent preempted by federal law, be construed and interpreted in accordance
with the laws of the State of Delaware without regard to principles of conflicts of law thereof, or principles of conflicts of
laws of any other jurisdiction which could cause the application of the laws of any jurisdiction other than the State of Delaware.

 

IN
WITNESS WHEREOF, this Award Document has been executed on this __ day of ___________________.

 

	 	REPAY HOLDINGS CORPORATION
	 	 	 
	 	By:	          
	 	Its [TITLE]
	 	 	 
	 	ACKNOWLEDGED
	 	 	 
	 	By:
    	 
	 	 	Grantee

 

 

 -
3 -

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