Document:

Ex_49 Form of Time Vesting Director RSU

		

			Exhibit 4.9

		

		
			old second bancorp, inc.
		

		
			2019 Equity Incentive Plan
		

		
			Director Time Vesting Restricted Stock Unit Award Agreement
		

		
			The Participant specified below has been granted a restricted stock unit award (the “Award”) by Old Second Bancorp, Inc.,  a Delaware corporation (the “Company”), under the Old Second Bancorp, Inc. 2019 Equity Incentive Plan (the “Plan”).  The Award shall be subject to the terms of the Plan and the terms set forth in this Restricted Stock Unit Award Agreement (“Award Agreement”).
		

			
	
			
				 Section 1.
			Award.  The Company has granted to the Participant the Award of restricted stock units (each such unit, an “RSU”),  where each RSU represents the right of the Participant to receive one share of common stock of the Company, $1.00 par value per share (each a “Share,” and collectively the “Shares”) in the future once the Restricted Period (as defined below) ends, subject to the terms of this Award Agreement and the Plan.

			
	
			
				 Section 2.
			Terms of Restricted Stock Unit Award.  The following words and phrases relating to the Award have the following meanings:

			
	
			
				 (a)
			The “Participant” is [●].

			
	
			
				 (b)
			The “Grant Date” is [●].

			
	
			
				 (c)
			The number of “RSUs” is [●], subject to vesting as set forth below.

		
			Except for words and phrases otherwise defined in this Award Agreement, any capitalized word or phrase in this Award Agreement has the meaning set forth in the Plan.
		

			
	
			
				 Section 3.
			Restricted Period.

			
	
			
				 (a)
			The “Restricted Period” for each installment of RSUs set forth in the table immediately below (each, an “Installment”) shall begin on the Grant Date and end as described in the schedule set forth in the table immediately below; provided that the Participant’s Termination of Service has not occurred prior thereto:

			
					
						Installment

					
					
						Restricted Period will end on:

				
	
					
						100% of RSUs

					
					
						3rd anniversary of Grant Date

				

		
			 
		

			
	
			
				 (b)
			Notwithstanding the foregoing provisions of this ‎Section 3, the Restricted Period for all the RSUs shall cease immediately and such RSUs shall become fully vested immediately upon the Participant’s Termination of Service due to the Participant’s Retirement, Disability or death.    For purposes of this Award Agreement, “Retirement” shall mean a Termination of Service upon attaining the mandatory retirement age set forth in the Company’s bylaws or other policy of the Board.

		
			

		 

		

			 

		

		

			 

		

		

			
	
			
				 (c)
			Upon a Change in Control, the Award shall be treated in accordance with Section 4.1 of the Plan.

			
	
			
				 (d)
			Except as set forth in ‎Section 3‎(b) and ‎Section 3‎(c) above, if the Participant’s Termination of Service occurs prior to the expiration of one or more Restricted Periods, the Participant shall forfeit all right, title and interest in and to any Installment(s) still subject to a Restricted Period as of such Termination of Service.

			
	
			
				 Section 4.
			Settlement of RSUs.  Delivery of Shares or other amounts under this Award Agreement and the Plan shall be subject to the following:

			
	
			
				 (a)
			Delivery of Shares.  The Company shall deliver to the Participant one Share free and clear of any restrictions in settlement of each of the vested and unrestricted RSUs within 30 days following the end of the respective Restricted Period.

			
	
			
				 (b)
			Compliance with Applicable Laws.  Notwithstanding any other term of this Award Agreement or the Plan, the Company shall have no obligation to deliver any Shares or make any other distribution of benefits under this Award Agreement or the Plan unless such delivery or distribution complies with all applicable laws and the applicable rules of any securities exchange or similar entity.

			
	
			
				 (c)
			Certificates Not Required.  To the extent that this Award Agreement and the Plan provide for the issuance of Shares, such issuance may be effected on a non-certificated basis, to the extent not prohibited by applicable law or the applicable rules of any securities exchange or similar entity.

			
	
			
				 Section 5.
			Withholding.  All vesting and delivery  of Shares pursuant to the Award shall be subject to withholding of all applicable taxes.  The Participant (or if applicable, permitted assigns, heirs and Designated Beneficiaries (as defined below)) shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Participant pursuant to the Award (including, for the avoidance of doubt, by withholding vested Shares to which the Participant is otherwise entitled under the Award), the amount of any required withholding taxes in respect of the Award and to take all such other action as the Committee deems necessary to satisfy all obligations for the payment of such withholding taxes; further provided that, unless otherwise approved by the Committee, any withholding taxes in respect of the Award shall be satisfied through the withholding of vested Shares to which the Participant is otherwise entitled under the Award (provided, however, such Shares may not be used to satisfy more than the Company’s maximum statutory withholding obligation or, if applicable, such lesser amount as may be necessary to avoid classification of the Award as a liability for financial accounting purposes).  The Participant (or if applicable, permitted assigns, heirs and Designated Beneficiaries) may elect to satisfy any withholding obligation in respect of the Award (a) if approved by the Committee (i) through cash payment by the Participant, or (ii) through the surrender of Shares that the Participant already owns, or (b) through the withholding of vested Shares to which the Participant is otherwise entitled under the Award (provided, however, such Shares under clause (b) may not be used to satisfy more than the Company’s maximum statutory withholding obligation or, if applicable, such lesser amount 

		 

		

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	as may be necessary to avoid classification of the Award as a liability for financial accounting purposes); provided that any such election must be made on or before the date the amount of tax to be withheld is determinable and, once made, such election shall be irrevocable.  The fair market value of the Shares to be withheld or surrendered will be deemed to be the Fair Market Value as of the date the amount of tax to be withheld is determinable.

			
	
			
				 Section 6.
			Non-Transferability of Award.  The Award, or any portion thereof, is not transferable except as designated by the Participant by will or by the laws of descent and distribution or pursuant to a domestic relations order.  Except as provided in the immediately preceding sentence, the Award shall not be assigned, transferred, pledged, hypothecated or otherwise disposed of by the Participant in any way whether by operation of law or otherwise, and shall not be subject to execution, attachment or similar process.  Any attempt at assignment, transfer, pledge, hypothecation or other disposition of the Award contrary to the provisions hereof, or the levy of any attachment or similar process upon the Award, shall be null and void and without effect.

			
	
			
				 Section 7.
			Dividend Equivalents.  The Participant shall receive additional RSUs representing the right to receive Shares equal in value (as of the applicable dividend or distribution payment date) to any dividends and distributions paid with respect to the number of Shares (other than dividends and distributions that may be issued with respect to Shares by virtue of any corporate transaction, to the extent adjustment is made pursuant to Section 3.4 of the Plan) underlying the Participant’s outstanding RSUs during the Restricted Period (“Dividend Equivalents”); provided,  however, that no Dividend Equivalents shall be owed or provided to or for the benefit of the Participant with respect to record dates for such dividends or distributions occurring before the Grant Date or on or after the date, if any, on which the Participant has forfeited the RSUs.  Dividend Equivalents shall be provided at the time the respective dividends or distributions are paid and shall be subject to the same restrictions, vesting and other terms and conditions applicable to the underlying RSUs.

			
	
			
				 Section 8.
			No Rights as Shareholder.    The Participant shall not have any rights of a Shareholder with respect to the RSUs, including but not limited to, voting rights, prior to settlement of the RSUs pursuant to ‎Section 4(a) above.

			
	
			
				 Section 9.
			Heirs and Successors.  This Award Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring all or substantially all of the Company’s assets or business.  If any rights of the Participant or benefits distributable to the Participant under this Award Agreement have not been settled or distributed at the time of the Participant’s death, such rights shall be settled for and such benefits shall be distributed to the Designated Beneficiary in accordance with the provisions of this Award Agreement and the Plan.  The “Designated Beneficiary” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form as the Committee may require.  The Participant’s designation of beneficiary may be amended or revoked from time to time by the Participant in accordance with any procedures established by the Committee.  If a Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any benefits that would have been provided to the Participant shall be provided to the legal representative of the estate of the Participant.  If a Participant 

		 

		

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	designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the provision of the Designated Beneficiary’s benefits under this Award Agreement, then any benefits that would have been provided to the Designated Beneficiary shall be provided to the legal representative of the estate of the Designated Beneficiary. 

			
	
			
				 Section 10.
			Administration.  The authority to manage and control the operation and administration of this Award Agreement and the Plan shall be vested in the Committee, and the Committee shall have all powers with respect to this Award Agreement as it has with respect to the Plan.  Any interpretation of this Award Agreement or the Plan by the Committee and any decision made by the Committee with respect to this Award Agreement or the Plan shall be final and binding on all persons.

			
	
			
				 Section 11.
			Plan Governs.  Notwithstanding any provision of this Award Agreement to the contrary, this Award Agreement shall be subject to the terms of the Plan, a copy of which may be obtained by the Participant from the Company.  This Award Agreement shall be subject to all interpretations, amendments, rules and regulations promulgated by the Committee from time to time.  Notwithstanding any provision of this Award Agreement to the contrary, in the event of any discrepancy between the corporate records of the Company and this Award Agreement, the corporate records of the Company shall control.

			
	
			
				 Section 12.
			No Right to Continued Service.  This Award shall not impose upon the Company or any Subsidiary any obligation to retain the Participant as a director or in any other capacity for any given period or upon any specific terms.  The Company or any Subsidiary may at any time remove the Participant as a director, free from any liability or claim under the Plan or this Agreement, unless otherwise expressly provided in any written agreement with the Participant.

			
	
			
				 Section 13.
			Amendment.  Without limitation of ‎Section 16 and ‎Section 17 below, this Award Agreement may be amended in accordance with the provisions of the Plan, and may otherwise be amended in writing by the Participant and the Company without the consent of any other person.

			
	
			
				 Section 14.
			Governing Law.    This Award Agreement, the Plan and all actions taken in connection herewith and therewith shall be governed by and construed in accordance with the laws of the State of Delaware, without reference to principles of conflict of laws, except as superseded by applicable federal law.

			
	
			
				 Section 15.
			Validity.  If any provision of this Award Agreement is determined to be illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts hereof, but this Award Agreement shall be construed and enforced as if such illegal or invalid provision had never been included herein.

			
	
			
				 Section 16.
			Section 409A Amendment.

			
	
			
				 (a)
			The Award is intended to be exempt from Code Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent.  The Committee reserves the right (including the right to delegate such right) to unilaterally amend 

		 

		

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	this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

			
	
			
				 (b)
			Notwithstanding the foregoing, if the Award is determined to be subject to Code Section 409A as a result of the operation of ‎Section 3(b) above, then the special timing provisions of this section will apply.  If the Participant is a Specified Employee (as defined below) at the time of a Termination of Service, no settlement of the Award shall occur before the date that is six (6) months after the date of Participant’s Termination of Service.  Any settlement of an Award under this Agreement that would otherwise occur prior to the close of this six (6) month period shall occur within five (5) business days following the date which is six (6) months after the date of the Participant’s Termination of Service.  If Participant is a Specified Employee during an Identification Period (as defined below), Participant shall be treated as a Specified Employee during the 12-month period that begins on the April 1 following the close of such Identification Period.  For purposes of this Agreement, (i) “Specified Employee” shall mean a “key employee” (as defined in Code Section 416(i) without regard to paragraph (5) thereof), as determined by the Company during an Identification Period, and with respect to such determination, “compensation” shall mean the Participant’s W-2 compensation as reported by the Company for the related Identification Period, and (ii) “Identification Period” shall mean each 12-month period ending on December 31 of each calendar year.

			
	
			
				 Section 17.
			Clawback.    The Award and any amount or benefit received under the Plan shall be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of any applicable Company or Subsidiary clawback policy (the “Policy”) or any applicable law, as may be in effect from time to time.  The Participant hereby acknowledges and consents to the Company’s or a Subsidiary’s application, implementation and enforcement of (a) the Policy and any similar policy established by the Company or a Subsidiary that may apply to the Participant together with all other similarly situated participants, whether adopted prior to or following the date of this Award Agreement and (b) any provision of applicable law or regulation relating to cancellation, rescission, payback or recoupment of compensation, and agrees that the Company or a Subsidiary may take such actions as may be necessary to effectuate the Policy, any similar policy and applicable law, without further consideration or action.

			
	
			
				 Section 18.
			Confidentiality.  

			
	
			
				 (a)
			The Participant acknowledges that the nature of the Participant’s service as a director shall require that the Company produce and allow the Participant access to records, data, trade secrets and information that are not available to the public regarding the Company and its subsidiaries and affiliates (“Confidential Information”).  The Participant shall hold in confidence and not directly or indirectly disclose any Confidential Information to third parties unless: (i) disclosure becomes reasonably necessary in connection with the Participant’s performance of the Participant’s duties as a director of the Company or its subsidiaries or affiliates; (ii) the Confidential Information lawfully becomes available to the public from other sources; (iii) the Participant is authorized in writing by the Company to disclose the Confidential Information; or (iv) the Participant is required to make disclosure of the Confidential Information 

		 

		

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	by law or pursuant to the authority of any administrative agency or judicial body.  All Confidential Information and other records, files, documents, and other materials or copies thereof relating to the business of the Company or any of its subsidiaries or affiliates that the Participant prepares or uses shall be the sole property of the Company.  The Participant’s access to and use of the Company’s computer systems, networks and equipment, and all of the Company information contained therein, shall be restricted to legitimate business purposes on behalf of the Company; any other access to or use of such systems, network and equipment is without authorization and is prohibited.  The restrictions contained in this Section 18 shall extend to any personal computers or other electronic devices of the Participant that are used for business purposes relating to the Company. The Participant shall not transfer any Company information to any personal computer or other electronic device that is not otherwise used for any business purpose relating to the Company.  The Participant shall promptly return all originals and copies of Confidential Information and other records, files, documents and other materials to the Company if the Participant’s employment with the Company is terminated for any reason.  

			
	
			
				 (b)
			The Participant acknowledges and agrees that, notwithstanding any provisions in this Award Agreement or any Company policy applicable to the unauthorized use or disclosure of trade secrets, the Participant is hereby notified that, pursuant to the Defend Trade Secrets Act of 2016 (Pub. Law 114-153), the Participant shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that is made (i) in confidence to a federal, state, municipal or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law. The Participant also may not be held so liable for such disclosures made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. In addition, individuals who file a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual files any document containing the trade secret under seal and does not disclose the trade secret, except pursuant to court order. Nothing in this Award Agreement is intended to conflict with 18 U.S.C. § 1833(b) or create liability for disclosures of trade secrets that are expressly allowed by 18 U.S.C. § 1833(b).  Nothing in this Award Agreement shall be construed to authorize, or limit liability for, an act that is otherwise prohibited by law, such as the unlawful access of material by unauthorized means. 

			
	
			
				 (c)
			The Participant and the Company acknowledge and agree that nothing contained in this Award Agreement, or in any other contract or agreement with or policy of the Company or any of its Subsidiaries, shall limit the Participant’s ability to file, pursuant to any applicable whistleblower statute or program (each, a “Whistleblower Program”), a charge or complaint with any federal, state, municipal or local governmental agency or commission (“Government Agencies”). The Participant and the Company further understand and agree that this Award Agreement, and any other any other contact or agreement with or policy of the Company or any of its Subsidiaries, shall not limit (i) the Participant’s ability to communicate or cooperate with any Government Agencies or otherwise participate in any investigation or proceeding that may be conducted by any Government Agency, including providing information, 

		 

		

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	without notice to the Company, or (ii) the Participant’s right to receive financial incentive pursuant to a Whistleblower Program for information provided to any Government Agencies. 

			
	
			
				 Section 19.
			Non-Solicitation Covenants.  As an essential ingredient and in consideration of the Participant’s service as a director of the Company, the Participant’s receipt of this Award and the Participant’s opportunity to participate in the Plan or another equity incentive plan maintained by the Company, the Participant shall not, during the Participant’s term as a director with the Company or any of its subsidiaries or affiliates and for a period of one (1) year after termination of the Participant’s service as a director with the Company (and/or its subsidiaries or affiliates) for any reason (the “Restrictive Period”) and regardless of when such termination of service occurs, do any of the following (the “Restrictive Covenant”): directly or indirectly, for the Participant or any bank, savings and loan association, credit union or similar financial institution (a “Financial Institution”): (a) induce or attempt to induce any officer of the Company or any of its subsidiaries or affiliates, or any employee who previously reported to the Participant, to leave the employ of the Company or any of its subsidiaries or affiliates; (b) in any way interfere with the relationship between the Company or any of its subsidiaries or affiliates and any such officer or employee; (c) employ, or otherwise engage as an employee, independent contractor or otherwise, any such officer or employee; or (d) induce or attempt to induce any customer, supplier, licensee or business relation of the Company or any of its subsidiaries and affiliates to cease doing business with the Company or any of its subsidiaries or affiliates or in any way interfere with the relationship between the Company or any of its subsidiaries or affiliates and any of their respective customers, suppliers, licensees or business relations where the Participant had personal contact with, or has accessed Confidential Information in the preceding twelve (12) months with respect to, such customers, suppliers, licensees or business relations.  Notwithstanding the foregoing, any party identified on Schedule A hereto shall be excluded from the scope of the Restrictive Covenant.  The Participant acknowledges and agrees that the Restrictive Covenant exist independently of and is in addition to (and is not in lieu of and does not limit or modify) any other agreements, covenants and obligations by which the Participant may be bound by or to which the Participant may be subject by contract, or by applicable law or regulation, with respect to non-solicitation, non-competition or other restrictions.

			
	
			
				 Section 20.
			Remedies for Breach.  The Participant has reviewed the provisions of this Award Agreement with legal counsel, or has been given adequate opportunity to seek such counsel, and the Participant acknowledges that the Restrictive Covenants contained herein are reasonable with respect to their duration and scope.  The Participant further acknowledges that the restrictions contained in this Award Agreement are reasonable and necessary for the protection of the legitimate business interests of the Company, that they create no undue hardships, that any violation of these restrictions would cause substantial injury to the Company and its interests, that the Company would not have agreed to enter into this Award Agreement, or otherwise allow the Participant an opportunity to participate in the Plan or any other equity incentive plan maintained by the Company, without receiving Participant’s agreement to be bound by the Restrictive Covenants and that such Restrictive Covenants were a material inducement to the Company to enter into this Award Agreement, or otherwise allow the Participant an opportunity to participate in the Plan or any other equity incentive plan maintained by the Company.  During the Restrictive Period, the Company shall have the right to 

		 

		

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	communicate the existence and terms of this Award Agreement to any third party with whom the Participant may seek or obtain future employment or other similar arrangement.  In addition, in the event of any violation or threatened violation of the restrictions contained in this Award Agreement, the Company, in addition to and not in limitation of, any other rights, remedies or damages available to the Company under this Award Agreement or the Plan or otherwise at law or in equity, shall be entitled to preliminary and permanent injunctive relief to prevent or restrain any such violation by the Participant and any and all persons directly or indirectly acting for or with him, as the case may be.  If the Participant violated the Restrictive Covenant and the Company brings legal action for injunctive or other relief, the Company shall not, as a result of time involved in obtaining such relief, be deprived of the benefit of the full period of the Restrictive Covenant.  Accordingly, the Restrictive Covenant shall be deemed to have the duration specified herein computed from the date the relief is granted but reduced by the time between the period when the Restrictive Period began to run and the date of the first violation of the Restrictive Covenant by the Participant.  

		
			IN WITNESS WHEREOF,  the Company has caused this Award Agreement to be executed in its name and on its behalf, and the Participant acknowledges understanding and acceptance of, and agrees to, the terms of this Award Agreement, all as of the Grant Date.
		

		
			Old Second Bancorp, Inc.
		

		
			By: 
		

		
			Print Name: 
		

		
			Title: 
		

		
			Participant
		

		
			
		

		
			Print Name: 
		

		
			

		 

		

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Schedule A
		

		
			 
		

		
			Parties Excluded from Scope of Restrictive Covenant
		

		
			 
		

		 

		

			9Exhibit 10.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

STOCKHOLDERS AGREEMENT

 

DATED AS OF [●], 2019

 

AMONG

 

REPAY HOLDINGS CORPORATION

 

AND

 

THUNDER BRIDGE ACQUISITION LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     

     

    

 

Table of Contents

 

	 	 	Page
	 	 	 
	ARTICLE I. INTRODUCTORY MATTERS	1
	 	 	 
	1.1	Defined Terms	1
	1.2	Construction	6
	 	 	 
	ARTICLE II. CORPORATE GOVERNANCE MATTERS	6
	 	 	 
	2.1	Election of Directors	6
	2.2	Compensation	7
	2.3	Other Rights of the Stockholder Designee	8
	2.4	Stockholder Designator	8
	 	 	 
	ARTICLE III. INFORMATION	8
	 	 	 
	3.1	Books and Records; Access	8
	3.2	Certain Reports	9
	3.3	Confidentiality	9
	3.4	Information Sharing	9
	 	 	 
	ARTICLE IV. ADDITIONAL COVENANTS	9
	 	 	 
	4.1	Pledges	9
	4.2	Spin-Offs or Split-Offs	10
	 	 	 
	ARTICLE V. GENERAL PROVISIONS	10
	 	 	 
	5.1	Termination	10
	5.2	Notices	11
	5.3	Amendment; Waiver	11
	5.4	Further Assurances	12
	5.5	Assignment	12
	5.6	Third Parties	12
	5.7	Governing Law	12
	5.8	Jurisdiction; Waiver of Jury Trial	12
	5.9	Specific Performance	13
	5.10	Entire Agreement	13
	5.11	Severability	13
	5.12	Table of Contents, Headings and Captions	13
	5.13	Counterparts	13
	5.14	No Recourse	13

 

    i

     

    

 

STOCKHOLDERS AGREEMENT

 

This Stockholders Agreement
is entered into as of [●], 2019 by and among Repay Holdings Corporation, a Delaware corporation and the successor to Parent
(as defined below) (together with Parent to the extent applicable, the “Company”), and Thunder Bridge Acquisition
LLC, a Delaware limited liability company (the “Stockholder”).

 

RECITALS:

 

WHEREAS, Thunder Bridge
Acquisition Ltd., a Cayman Islands exempted company (“Parent”), TB Acquisition Merger Sub LLC, a Delaware limited
liability company and wholly-owned subsidiary of Parent (“Merger Sub”), Hawk Parent Holdings LLC, a Delaware
limited liability company (together with the successor thereto upon the consummation of the Merger (as defined below), “Opco”)
and, solely in its capacity as the Company Securityholder Representative thereunder, CC Payment Holdings, L.L.C., a Delaware limited
liability company, have entered into that certain Agreement and Plan of Merger, dated as of January 21, 2019 (as amended, the “Merger
Agreement”), pursuant to which Merger Sub will merge with and into Opco (the “Merger”) with Opco being
the surviving limited liability company; and

 

WHEREAS, in connection
with the Merger, the Company and the Stockholder wish to set forth certain understandings between such parties, including with
respect to certain governance matters.

 

NOW, THEREFORE, the parties
agree as follows:

 

ARTICLE
I.

INTRODUCTORY MATTERS

 

1.1 Defined
Terms.  In addition to the terms defined elsewhere herein, the following terms have the following meanings when used
herein with initial capital letters:

 

“Affiliate”
has the meaning set forth in Rule 12b-2 promulgated under the Exchange Act, as in effect on the date hereof.

 

“Agreement”
means this Stockholders Agreement, as the same may be amended, supplemented, restated or otherwise modified from time to time in
accordance with the terms hereof.

 

“Beneficially
Own” has the meaning set forth in Rule 13d-3 promulgated under the Exchange Act.

 

“Board”
means the Board of Directors of the Company.

 

“Business Day”
means a day other than a Saturday, Sunday, federal or New York State holiday or other day on which commercial banks in New York
City are authorized or required by law to close.

 

     

     

    

 

“Class I Director”
has the meaning set forth in the Organizational Documents of the Company.

 

“Class II Director”
has the meaning set forth in the Organizational Documents of the Company.

 

“Class III Director”
has the meaning set forth in the Organizational Documents of the Company.

 

“Common Stock”
means the shares of Class A Common Stock, par value $0.0001 per share, of the Company, and any equity securities issued in respect
thereof, or in substitution therefor, in connection with any stock split, dividend or combination, or any reclassification, recapitalization,
merger, consolidation or similar transaction. For the avoidance of doubt, for purposes of determining whether a Person Beneficially
Owns Common Stock of the Company under this Agreement, such Person’s ownership will include any limited liability company
units of Opco which such Person can exchange into shares of Common Stock pursuant to the Second Amended and Restated Limited Liability
Company Agreement of Opco and the Exchange Agreement (as defined in the Merger Agreement).

 

“Company”
has the meaning set forth in the Preamble.

 

“Confidential
Information” means any information concerning the Company or its Subsidiaries that is furnished after the date of this
Agreement by or on behalf of the Company or its designated representatives to the Stockholder or its designated representatives,
together with any notes, analyses, reports, models, compilations, studies, documents, records or extracts thereof containing, based
upon or derived from such information, in whole or in part; provided, however, that Confidential Information does
not include information:

 

		(i)	that is or has become publicly available other than as a result of a disclosure by the Stockholder
or its designated representatives in violation of this Agreement;

 

		(ii)	that was already known to the Stockholder or its designated representatives or was in the possession
of the Stockholder or its designated representatives, in either case without an obligation of confidentiality to the Company or
its Affiliate, prior to its being furnished by or on behalf of the Company or its designated representatives;

 

		(iii)	that is received by the Stockholder or its designated representatives from a source other than
the Company or its designated representatives; provided, that the source of such information was not actually known by such
Stockholder or designated representative to be bound by a confidentiality agreement with, or other contractual obligation of confidentiality
to, the Company or its Affiliate;

 

		(iv)	that was independently developed or acquired by the Stockholder or its designated representatives
or on its or their behalf, in any case, without the violation of the terms of this Agreement or the use of or reference to any
Confidential Information; or

 

    2

     

    

 

		(v)	that the Stockholder or its designated representatives is required, in the good faith determination
of the Stockholder or such designated representative, to disclose by applicable law, regulation or legal process; provided,
that the Stockholder or such designated representative (A) to the extent permitted by applicable law, notifies the Company reasonably
in advance of any such disclosure, (B) reasonably cooperates (at the Company’s sole expense) with the Company in any reasonable
efforts taken by the Company to prevent or limit such disclosure and (C) otherwise takes reasonable steps to minimize the extent
of any such required disclosure; provided, further, that the requirements of the foregoing proviso shall not be required
where disclosure is made in connection with a routine audit or examination by a regulatory or self-regulatory authority, bank examiner
or auditor and such audit or examination does not specifically reference the Company or this Agreement.

 

“Control”
(including its correlative meanings, “Controlled by” and “under common Control with”) means
possession, directly or indirectly, of the power to direct or cause the direction of management or policies (whether through ownership
of securities or partnership or other ownership interests, by contract or otherwise) of a Person.

 

“Director”
means any director of the Company from time to time.

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, as the same may be
amended from time to time.

 

“Governmental
Authority” means any nation or government, any state or other political subdivision thereof, and any entity exercising
executive, legislative, judicial, regulatory or administrative functions of or pertaining to government.

 

“Immediate Family”
means, with respect to an individual, the spouse, domestic partner designated in good faith by such individual, lineal descendants
or antecedents of such individual, mother-in-law, father-in-law, son-in-law, daughter-in-law, adopted or step child or grandchild.

 

“Information”
has the meaning set forth in Section 3.1 hereof.

 

“Initial Board”
means the Board of Directors of the Company immediately following the consummation of the transactions contemplated by the Merger
Agreement.

 

“Insider Letter”
means that certain letter agreement, dated as of June 18, 2018, by and among Parent, Parent Sponsor and certain other signatories
thereto.

 

“Kight”
means Peter J. Kight.

 

    3

     

    

 

“Law”
means any statute, law, regulation, ordinance, rule, injunction, order, decree, governmental approval, directive, requirement,
or other governmental restriction or any similar form of decision of, or determination by, or any interpretation or administration
of any of the foregoing by, any Governmental Authority.

 

“Liquidation”
means the distribution by Parent Sponsor to its members of the securities of the Company that it owns in accordance with its Organizational
Documents and the Parent Sponsor Letter (as defined in the Merger Agreement).

 

“Merger”
has the meaning set forth in the Recitals.

 

“Merger Agreement”
has the meaning set forth in the Recitals.

 

“Merger Sub”
has the meaning set forth in the Recitals.

 

“NewCo has
the meaning set forth in Section 4.2 hereof.

 

“Non-Recourse
Party” has the meaning set forth in Section 5.14 hereof.

 

“Opco”
has the meaning set forth in the Recitals.

 

“Organizational
Documents” means: (1) the articles or certificate of incorporation and the bylaws of a corporation; (2) the partnership
agreement and any statement of partnership of a general partnership; (3) the limited partnership agreement and the certificate
of limited partnership of a limited partnership; (4) the limited liability company agreement, operating agreement and the certificate
of organization of a limited liability company, (5) the trust agreement and any documents that govern the formation of a trust;
(6) any charter or similar document adopted or filed in connection with the creation, formation, or organization of a Person; and
(7) any amendment to any of the foregoing.

 

“Parent”
has the meaning set forth in the Recitals.

 

“Parent Sponsor”
means Thunder Bridge Acquisition LLC, a Delaware limited liability company.

 

“Parent Sponsor
Letter” means that certain letter agreement, dated as of January 21, 2019, as amended, by and among Parent, Parent Sponsor
and Opco.

 

“Parent Sponsor
Member” means any member of Parent Sponsor as of the date of this Agreement.

 

    4

     

    

 

“Permitted Transferee”
means, with respect to the Stockholder: (i) for so long as the Stockholder is Parent Sponsor, (A) a Parent Sponsor Member or any
Related Party or (B) an Affiliate of the Stockholder, so long as either (x) such Affiliate is wholly owned by the Stockholder,
(y) such Affiliate directly or indirectly wholly owns the Stockholder, or (z) the Stockholder and the transferee both have the
same ultimate owners; or (ii) for so long as the Stockholder is the Stockholder Designator, (A) a trust or other Affiliate entity
of the Stockholder Designator that is controlled by the Stockholder Designator, and the beneficiaries of which are comprised solely
of the Stockholder Designator and the members of the Immediate Family of the Stockholder Designator, provided, that any transfer
of interests to such Permitted Transferee under this clause (ii)(A) is for bona fide inheritance or estate planning purposes, or
(B) a Parent Sponsor Member or any Related Party that has entered into a voting agreement with the Stockholder Designator or otherwise
filed a form with the SEC indicating that it is part of a “group” with the Stockholder Designator for purposes of the
Exchange Act.

 

“Person”
means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust,
a joint venture, an unincorporated organization, or other form of business organization, whether or not regarded as a legal entity
under applicable Law, or any Governmental Authority or any department, agency or political subdivision thereof.

 

“Related Party”
means, (i) with respect to any Parent Sponsor Member that is a natural person, a trust or other Affiliate entity of such Parent
Sponsor Member that is controlled by such Parent Sponsor Member and the beneficiaries of which are comprised solely of such Parent
Sponsor Member and the members of the Immediate Family of such Parent Sponsor Member or (ii) with respect to any Parent Sponsor
Member, an Affiliate of such Parent Sponsor Member so long as either (x) such Affiliate is wholly owned by such Parent Sponsor
Member, (y) such Affiliate directly or indirectly wholly owns such Parent Sponsor Member or (z) such Parent Sponsor Member and
the transferee both have the same ultimate owners.

 

“Stockholder”
has the meaning set forth in the Preamble.

 

“Stockholder
Designator” has the meaning set forth in Section 2.4.

 

“Stockholder
Designee” has the meaning set forth in Section 2.1(c).

 

“Subsidiary”
means, with respect to any Person, any corporation, limited liability company, partnership, association or other business entity
of which: (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence
of any contingency) to vote in the election of directors, representatives or trustees thereof is at the time owned or Controlled,
directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or any combination thereof; or (ii)
if a limited liability company, partnership, association or other business entity, a majority of the total voting power of stock
(or equivalent ownership interest) of the limited liability company, partnership, association or other business entity is at the
time owned or Controlled, directly or indirectly, by that Person or one or more Subsidiaries of that Person or any combination
thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability
company, partnership, association or other business entity if such Person or Persons shall (a) be allocated a majority of limited
liability company, partnership, association or other business entity gains or losses or shall be or (b) Control the managing member,
managing director or other governing body or general partner of such limited liability company, partnership, association or other
business entity.

 

    5

     

    

 

“Total Number
of Directors” means the total number of directors comprising the Board from time to time.

 

1.2 Construction.  The
language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no
rule of strict construction will be applied against any party. Unless the context otherwise requires: (a) “or”
is disjunctive but not exclusive, (b) words in the singular include the plural, and in the plural include the singular, (c) the
words “hereof,” “herein,” and “hereunder” and words of similar import
when used in this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section
references are to this Agreement unless otherwise specified, and (d) the words “include”, “includes” and
“including” shall be deemed to be followed by the phrase “without limitation”.

 

ARTICLE
II.

CORPORATE GOVERNANCE MATTERS

 

2.1 Election
of Directors.

 

(a) The
Stockholder and the Company agree that the Initial Board as of the consummation of the transactions contemplated by the Merger
Agreement will consist of the following nine (9) individuals: Jeremy Schein; Paul R. Garcia; Shaler Alias; Richard E. Thornburgh;
Robert H. Hartheimer; Maryann Goebel; William Jacobs; John Morris; and Peter J. Kight, or such replacement Directors as are designated
pursuant to the Merger Agreement.

 

(b)
For as long as the Stockholder and its Permitted Transferees Beneficially Own at least five percent (5%) the outstanding Common
Stock, the Stockholder Designator shall have the right, but not the obligation, to designate, and the individuals nominated for
election as Directors by, or at the direction of, the Board or a duly-authorized committee thereof shall include, the Stockholder
Designee (as defined below), who shall be a Class I Director. The rights of the Stockholder Designator set forth in this Section
2.1(b) shall at all times be subject to the requirement that the Stockholder Designee shall (1), in each case under applicable
rules of the Nasdaq Stock Market or any other market upon which the shares of Common Stock are then listed, (i) be eligible to
serve as a Director, (ii) qualify as an independent director and (iii) be eligible to serve on the audit committee of the Company
and (2) be willing to serve on the audit committee of the Company.

 

(c) If
at any time Paul R. Garcia is no longer the Stockholder Designee in accordance herewith, and the Stockholder Designator has not
designated an individual that the Stockholder Designator is then entitled to designate pursuant to Section 2.1(b) hereof
as the Stockholder Designee, the Stockholder Designator shall have the right, at any time and from time to time, to designate such
individual which it is entitled to so designate as the Stockholder Designee, in which case, any individual nominated by or at the
direction of the Board or any duly-authorized committee thereof for election as a Director to fill any vacancy on the Board shall
include such designee, and the Company shall use its best efforts to (x) effect the election of such designee, whether by increasing
the size of the Board or otherwise, and (y) cause the election of such designee to fill any such newly-created vacancies or to
fill any other existing vacancies. Paul R. Garcia, for so long as he serves as a Director and otherwise qualifies to serve as the
Stockholder Designee pursuant to the requirements herein, and each such subsequent individual whom the Stockholder Designator shall
actually designate pursuant to Section 2.1(b) and who is thereafter elected and qualified to serve as a Director shall be
referred to herein as the “Stockholder Designee”. For so long as Paul R. Garcia is willing and, in each case
under applicable rules of the Nasdaq Stock Market or any other market upon which the shares of Common Stock are then listed, (i)
eligible to serve as a Director, (ii) qualifies as an independent director and (iii) is eligible to serve on the audit committee
of the Company, the Stockholder Designator shall continue to designate Paul R. Garcia (and no other person) as the Stockholder
Designee; provided, however, that notwithstanding the foregoing, the Stockholder Designator may designate a person other than Paul
R. Garcia as the Stockholder Designee with the prior written consent of the Company.

 

    6

     

    

 

(d) Directors
are subject to removal pursuant to the applicable provisions of the Organizational Documents of the Company; provided, however,
for as long as this Agreement remains in effect, subject to applicable Law, the Stockholder Designee may only be removed with the
consent of the Stockholder Designator.

 

(e) In
the event that a vacancy is created at any time by death, retirement, removal, disqualification, resignation or other cause with
respect to the Stockholder Designee, any individual nominated by or at the direction of the Board or any duly-authorized committee
thereof to fill such vacancy shall be, and the Company shall use its best efforts to cause such vacancy to be filled, as soon as
possible by, a new designee of the Stockholder Designator, and the Company shall take or cause to be taken, to the fullest extent
permitted by law, at any time and from time to time, all actions necessary to accomplish the same.

 

(f) The
Company shall, to the fullest extent permitted by law, include the Stockholder Designee in the slate of nominees recommended by
the Board at any meeting of stockholders called for the purpose of electing directors (or consent in lieu of meeting), and use
its best efforts to cause the election of the Stockholder Designee to the Board, including nominating the Stockholder Designee
to be elected as a Director as provided herein, recommending the Stockholder Designee’s election and soliciting proxies or
consents in favor thereof. In the event that the Stockholder Designee shall fail to be elected to the Board at any meeting of stockholders
called for the purpose of electing directors (or consent in lieu of meeting), the Company shall use its best efforts to cause the
Stockholder Designee (or a new designee of the Stockholder Designator) to be elected to the Board, as soon as possible, and the
Company shall take or cause to be taken, to the fullest extent permitted by law, at any time and from time to time, all actions
necessary to accomplish the same.

 

(g) In
addition to any vote or consent of the Board or the stockholders of the Company required by applicable Law or the Organizational
Documents of the Company, and notwithstanding anything to the contrary in this Agreement, for so long as this Agreement is in effect,
any action by the Board to increase or decrease the Total Number of Directors (other than any increase in the Total Number of Directors
in connection with the election of one or more Directors elected exclusively by the holders of one or more classes or series of
the Company’s shares other than Common Stock) shall require the prior written consent of the Stockholder Designator.

 

2.2 Compensation.
Except to the extent the Stockholder Designator may otherwise notify the Company, the Stockholder Designee shall be entitled to
compensation consistent with the compensation received by other non-employee Directors, including any fees and equity awards.

 

    7

     

    

 

2.3 Other
Rights of the Stockholder Designee. Except as provided in Section 2.2, the Stockholder Designee, while serving on the
Board, shall be entitled to the same rights and privileges applicable to all other members of the Board generally or to which all
such members of the Board are entitled. In furtherance of the foregoing, the Company shall indemnify, exculpate, and reimburse
fees and expenses of the Stockholder Designee (including by entering into an indemnification agreement in a form substantially
similar to the Company’s form director indemnification agreement) and provide the Stockholder Designee with director and
officer insurance to the same extent it indemnifies, exculpates, reimburses and provides insurance for the other members of the
Board pursuant to the Organizational Documents of the Company, applicable law or otherwise.

 

2.4 Stockholder
Designator. The Stockholder hereby irrevocably agrees that Kight shall be the Stockholder Designator; provided, however, that
in the event of the death or incapacity of Kight, the Stockholder Designator shall automatically become Robert H. Hartheimer; and
provided, further, that in the event of the death or incapacity of both Robert H. Hartheimer and Kight, this Agreement shall terminate
in accordance with the provisions of Section 5.1(a)(v) hereof, but subject to the provisions of Section 5.1(b) hereof.
Kight, or such other person then serving as the Stockholder Designator at any time under this Agreement in accordance with this
Section 2.4 shall be referred to herein as the “Stockholder Designator”.

 

ARTICLE
III.

INFORMATION

 

3.1 Books
and Records; Access.  The Company shall, and shall cause its Subsidiaries to, keep proper books, records and accounts,
in which full and correct entries shall be made of all financial transactions and the assets and business of the Company and each
of its Subsidiaries in accordance with generally accepted accounting principles. The Company shall, and shall cause its Subsidiaries
to, (a) permit the Stockholder and its designated representatives (or other designees), at reasonable times and upon reasonable
prior notice to the Company, to review the books and records of the Company or any of such Subsidiaries and to discuss the affairs,
finances and condition of the Company or any of such Subsidiaries with the officers of the Company or any such Subsidiary and (b)
provide the Stockholder all information of a type, at such times and in such manner as is consistent with the Company’s past
practice or that is otherwise reasonably requested by the Stockholder from time to time (all such information so furnished pursuant
to this Section 3.1, the “Information”). Subject to Section 3.4, the Stockholder (and any party
receiving Information from the Stockholder) who shall receive Information shall maintain the confidentiality of such Information.
Notwithstanding the foregoing, the Company shall not be required to disclose any privileged Information of the Company so long
as the Company has used commercially reasonable efforts to enter into an arrangement pursuant to which it may provide such information
to the Stockholder without the loss of any such privilege.

 

    8

     

    

 

3.2 Certain
Reports.  The Company shall deliver or cause to be delivered to the Stockholder, at its request:

 

(a) to
the extent otherwise prepared by the Company, operating and capital expenditure budgets and periodic information packages relating
to the operations and cash flows of the Company and its Subsidiaries; and

 

(b) to
the extent otherwise prepared by the Company, such other reports and information as may be reasonably requested by the Stockholder;
provided, however, that the Company shall not be required to disclose any privileged information of the Company so
long as the Company has used commercially reasonable efforts to enter into an arrangement pursuant to which it may provide such
information to the Stockholder without the loss of any such privilege.

 

3.3 Confidentiality.
The Stockholder agrees that it will, and will direct its designated representatives to, keep confidential and not disclose any
Confidential Information; provided, however, that the Stockholder and its designated representatives may disclose
Confidential Information to the Stockholder Designee and to (a) their and their Affiliates’ respective attorneys, accountants,
consultants, insurers, financing sources and other advisors in connection with the Stockholder’s investment in the Company,
(b) any Person, including a prospective purchaser of Common Stock, as long as such Person has agreed, in writing, to customary
confidentiality restrictions with respect to such Confidential Information, (c) any of the Stockholder’s or its respective
Affiliates’ partners, members, stockholders, directors, officers, employees or agents who reasonably need to know such information
in the ordinary course of business (the Persons referenced in clauses (a), (b) and (c), the Stockholder’s “designated
representatives”) or (d) as the Company may otherwise consent in writing; provided, further, however,
that (i) each designated representative be under an obligation of confidentiality to either the Company or the Stockholder with
respect to such Confidential Information and (ii) the Stockholder agrees to be responsible for any breaches of this Section
3.3 by the Stockholder’s designated representatives.

 

3.4 Information
Sharing. Each party hereto acknowledges and agrees that the Stockholder Designee may share any information concerning the Company
and its Subsidiaries received by them from or on behalf of the Company or its designated representatives with the Stockholder and
its designated representatives (subject to the Stockholder’s obligation to maintain the confidentiality of Confidential Information
in accordance with Section 3.3).

 

ARTICLE
IV.

ADDITIONAL COVENANTS

 

4.1 Pledges.  Upon
the request of the Stockholder that it wishes to pledge, hypothecate or grant security interests in any or all of the Common Stock
held by it, including to banks or financial institutions as collateral or security for loans, advances or extensions of credit,
the Company agrees to reasonably cooperate with the Stockholder in taking any action reasonably necessary to consummate any such
pledge, hypothecation or grant, including without limitation, delivery of letter agreements to lenders in form and substance reasonably
satisfactory to such lenders (which may include agreements by the Company in respect of the exercise of remedies by such lenders)
and instructing the transfer agent to transfer any such Common Stock subject to the pledge, hypothecation or grant into the facilities
of The Depository Trust Company without restricted legends; provided, in each case, that the Stockholder is not otherwise restricted
from pledging, hypothecating or granting a security interest in such Common Stock under the terms of the Parent Sponsor Director
Support Agreements (as defined in the Merger Agreement) or any other agreement with the Company or applicable securities Law.

 

    9

     

    

 

4.2 Spin-Offs
or Split-Offs. In the event that the Company effects the separation of any portion of its business into one or more entities
(each, a “NewCo”), whether existing or newly formed, including without limitation by way of spin-off, split-off,
carve-out, demerger, recapitalization, reorganization or similar transaction, and the Stockholder will receive equity interests
in any such NewCo as part of such separation, the Company shall cause any such NewCo to enter into a Stockholders agreement with
the Stockholder that provides the Stockholder with rights vis-á-vis such NewCo that are substantially identical to those
set forth in this Agreement.

 

ARTICLE
V.

GENERAL PROVISIONS

 

5.1 Termination.  

 

(a) This
Agreement shall terminate on the earlier to occur of (i) such time as the Stockholder and its Permitted Transferees Beneficially
Own less than 5% of the outstanding Common Stock, (ii) the delivery of a written notice by the Stockholder to the Company requesting
that this Agreement terminate, (iii) the date that is five (5) years from the date hereof, (iv) the later of (A) the vesting of
100% of the Sponsor Escrow Shares (as defined in the Parent Sponsor Letter) in accordance with the terms of the Parent Sponsor
Letter and (B) the expiration of the Founder Shares Lock-Up Period (as defined in the Insider Letter) and (v) upon the death or
incapacity of both of Kight and Robert H. Hartheimer.

 

(b) From
the date hereof until the earlier of:

 

(i) such
time that this Agreement has been terminated pursuant to clauses (i) through (iv) of Section 5.1(a); or

 

(ii) the
occurrence of any of the events that would have caused the termination of this Agreement under clauses (i), (iii) or (iv) of Section
5.1(a) after this Agreement has been terminated pursuant to clause (v) of Section 5.1(a);

 

the Company shall cause the charter of
its nominating and corporate governance committee to provide that in the event of a termination of this Agreement pursuant to clause
(v) of Section 5.1(a), until any of the events that would have caused the termination of this Agreement under clauses (i),
(iii) or (iv) of Section 5.1(a) have occurred, (A) for so long as Paul R. Garcia is willing and eligible to serve in accordance
with the terms of Section 2.1(b) hereof, the nominating and governance committee of the Board shall continue to include
Paul R. Garcia among its nominees for Directors for the Class I Director seat held by Paul R. Garcia on the Initial Board and (B)
if Paul R. Garcia is no longer willing or eligible to serve in accordance with the terms of Section 2.1(b) hereof, the nominating
and governance committee of the Board will nominate an independent director in such Class I Director seat who otherwise satisfies
the requirements applicable to the Stockholder Designee under the last sentence of Section 2.1(b) hereof; provided, that
without limiting their eligibility to serve as Directors pursuant to any other agreement or otherwise with respect to any other
board seat, no Affiliate of the Company Sponsor (as defined in the Merger Agreement) nor any officer, director, manager, employee,
partner, member or stockholder of the Company Sponsor or any Affiliate thereof will be nominated in lieu of Paul R. Garcia or any
successor Director to Paul R. Garcia. This Section 5.1(b) (and any provisions related to the enforcement or interpretation
thereof) will survive any termination of this Agreement and shall be enforceable by any Permitted Transferee as an express third
party beneficiary.

 

    10

     

    

 

5.2 Notices.  Any
notice, designation, request, request for consent or consent provided for in this Agreement shall be in writing and shall be either
personally delivered, sent by facsimile or sent by reputable overnight courier service (charges prepaid) to the Company at the
address set forth below and to any other recipient at the address indicated on the Company’s records, or at such address
or to the attention of such other Person as the recipient party has specified by prior written notice to the sending party. Notices
and other such documents will be deemed to have been given or made hereunder when delivered personally or sent by facsimile (receipt
confirmed) and one (1) Business Day after deposit with a reputable overnight courier service.

 

The Company’s address is:

 

Repay Holdings Corporation

3 West Paces Ferry Road, Suite 200

Atlanta, Georgia 30305

Attention: John A. Morris, CEO

Phone: (404) 504-7474

Email: jmorris@repayonline.com

 

The Stockholder’s address is:

 

Thunder Bridge Acquisition LLC

9912 Georgetown Pike, Suite D203

Great Falls, Virginia 22066

		Attention:	Gary A. Simanson

Peter J. Kight

Phone: (202) 431-0507 (phone)

 

		Email:	gsimanson@thunderbridge.us

pkight@thunderbridge.us

 

5.3
Amendment; Waiver.  This Agreement may be amended, supplemented or otherwise modified only by a
written instrument executed by the Company and the other parties hereto. Neither the failure nor delay on the part of any
party hereto to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor
shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the
same or of any other right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with
respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other
occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such
waiver.

 

    11

     

    

 

5.4 Further
Assurances.  The parties hereto will sign such further documents, cause such meetings to be held, resolutions passed,
exercise their votes and do and perform and cause to be done such further acts and things necessary, proper or advisable in order
to give full effect to this Agreement and every provision hereof. To the fullest extent permitted by law, the Company shall not
directly or indirectly take any action that is intended to, or would reasonably be expected to result in, the Stockholder being
deprived of the rights contemplated by this Agreement.

 

5.5 Assignment.  This
Agreement may not be assigned without the express prior written consent of the other party hereto, and any attempted assignment,
without such consent, will be null and void; provided, however, that, upon the Liquidation of Parent Sponsor, the rights of Parent
Sponsor under this Agreement shall automatically be assigned to the Stockholder Designator without further action by any party
hereto or any other Person, and the Stockholder Designator shall be considered the “Stockholder” for all purposes hereunder;
provided, further, that, for the avoidance of doubt, if upon such automatic assignment this Agreement would have been terminated
under clause (i) of Section 5.1(a), then instead of such assignment this Agreement shall automatically terminate upon such
Liquidation. This Agreement will inure to the benefit of and be binding on the parties hereto and their respective successors and
permitted assigns.

 

5.6 Third
Parties.  Except for the rights of the Stockholder Designator as expressly set forth in this Agreement, including
Sections 2.4 and 5.5 hereof, and subject to Section 5.1(b), this Agreement does not create any rights, claims
or benefits inuring to any person that is not a party hereto nor create or establish any third party beneficiary hereto.

 

5.7 Governing
Law.  THIS AGREEMENT AND ITS ENFORCEMENT AND ANY CONTROVERSY ARISING OUT OF OR RELATING TO THE MAKING OR PERFORMANCE
OF THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

5.8 Jurisdiction;
Waiver of Jury Trial.  Each party hereto hereby (i) agrees that any action, directly or indirectly, arising out of,
under or relating to this Agreement shall exclusively be brought in and shall exclusively be heard and determined by either the
Supreme Court of the State of New York sitting in Manhattan or the United States District Court for the Southern District of New
York, and (ii) solely in connection with the action(s) contemplated by subsection (i) hereof, (A) irrevocably and unconditionally
consents and submits to the exclusive jurisdiction of the courts identified in subsection (i) hereof, (B) irrevocably and unconditionally
waives any objection to the laying of venue in any of the courts identified in clause (i) of this Section 5.8, (C) irrevocably
and unconditionally waives and agrees not to plead or claim that any of the courts identified in such clause (i) is an inconvenient
forum or does not have personal jurisdiction over any party hereto, and (D) agrees that mailing of process or other papers in connection
with any such action in the manner provided herein or in such other manner as may be permitted by applicable law shall be valid
and sufficient service thereof. Each party hereto hereby irrevocably waives, to the fullest
extent permitted by applicable law, any right it may have to a trial by jury in respect of any claim or action directly or indirectly
arising out of, under or in connection with this Agreement or the services contemplated hereby.

 

    12

     

    

 

5.9 Specific
Performance.  Each party hereto acknowledges and agrees that in the event of any breach of this Agreement by any
of them, the other parties hereto would be irreparably harmed and could not be made whole by monetary damages. Each party accordingly
agrees to waive the defense in any action for specific performance that a remedy at law would be adequate and agrees that the parties,
in addition to any other remedy to which they may be entitled at law or in equity, shall be entitled to specific performance of
this Agreement without the posting of a bond.

 

5.10 Entire
Agreement.  This Agreement sets forth the entire understanding of the parties hereto with respect to the subject
matter hereof. There are no agreements, representations, warranties, covenants or understandings with respect to the subject matter
hereof or thereof other than those expressly set forth herein and therein. This Agreement supersedes all other prior agreements
and understandings between the parties with respect to such subject matter. Notwithstanding the foregoing, nothing herein shall
affect the rights and obligations of the Company or the Stockholder or its Affiliates under any other agreements with respect to
confidentiality and non-use of information, which the parties express agree shall not be superseded by the terms of this Agreement.

 

5.11 Severability.
If any provision of this Agreement, or the application of such provision to any Person or circumstance or in any jurisdiction,
shall be held to be invalid or unenforceable to any extent, (i) the remainder of this Agreement shall not be affected thereby,
and each other provision hereof shall be valid and enforceable to the fullest extent permitted by law, (ii) as to such Person or
circumstance or in such jurisdiction such provision shall be reformed to be valid and enforceable to the fullest extent permitted
by law, and (iii) the application of such provision to other Persons or circumstances or in other jurisdictions shall not be affected
thereby.

 

5.12 Table
of Contents, Headings and Captions.  The table of contents, headings, subheadings and captions contained in this
Agreement are included for convenience of reference only, and in no way define, limit or describe the scope of this Agreement or
the intent of any provision hereof.

 

5.13 Counterparts.  This
Agreement and any amendment hereto may be signed in any number of separate counterparts (including by facsimile, pdf or other electronic
document transmission), each of which shall be deemed an original, but all of which taken together shall constitute one Agreement
(or amendment, as applicable).

 

5.14 No
Recourse.  This Agreement may only be enforced against, and any claims or cause of action that may be based upon,
arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement, the transactions contemplated
hereby or the subject matter hereof may only be made against, the parties hereto and no past, present or future Affiliate, director,
officer, employee, incorporator, member, manager, partner, stockholder, agent, attorney or representative of any party hereto or
any past, present or future Affiliate, director, officer, employee, incorporator, member, manager, partner, stockholder, agent,
attorney or representative of any of the foregoing (each, a “Non-Recourse Party”) shall have any liability for
any obligations or liabilities of the parties to this Agreement or for any claim based on, in respect of, or by reason of, the
transactions contemplated hereby. Without limiting the rights of any party against the other parties hereto, in no event shall
any party or any of its Affiliates seek to enforce this Agreement against, make any claims for breach of this Agreement against,
or seek to recover monetary damages from, any Non-Recourse Party.

 

[Remainder of Page Intentionally Left
Blank]

 

    13

     

    

 

IN WITNESS WHEREOF, the parties hereto have
executed this Agreement on the day and year first above written.

 

	 	COMPANY
	 	 
	 	Repay Holdings Corporation,
	 	a Delaware corporation
	 	 	 
	 	By:	                       
	 	Name:	 
	 	Title:	 
	 	 	 
	 	STOCKHOLDER
	 	 
	 	Thunder Bridge Acquisition LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

[Signature Page to Parent Sponsor
Stockholders Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00296-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00296-of-00352.parquet"}]]