Document:

EX-4.1

  
 

 
 HF SPECIMEN HF2 Financial Management Inc. SEE REVERSE FOR CERTAIN DEFINITIONS HF CUSIP
40421A 10 4 FULLY PAID AND NON-ASSESSABLE SHARES OF CLASS A COMMON STOCK, $.0001 PAR VALUE PER SHARE, OF HF2 FINANCIAL MANAgEMENT INC. transferable on the books of the Corporation in person or by duly authorized attorney upon surrender of the
Certificate properly endorsed. This Certificate is not valid until countersigned by the Transfer Agent and registered by the Registrar. WITNESS the facsimile seal of the Corporation and the facsimile signatures of its duly authorized officers.
Dated: DELAWARE SEAL 2012 CORPORATE HF2 FINANCIAL MANAGEMENT INC. COUNTERSIGNED AND REGISTERED: CONTINENTAL STOCK TRANSFER & TRUST COMPANY (Jersey City, NJ) TRANSFER AGENT AND REGISTRAR By: AUTHORIZED OFFICER SECRETARY CHAIRMAN THIS CERTIFIES
THAT IS THE RECORD HOLDER OF INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE CLASS A COMMON STOCK CLASS A COMMON STOCK 

  
 

 
 of the Class A Common Stock represented by the within Certificate and do hereby
irrevocably constitute and appoint to transfer the said Stock on the books of the within named Company with full power of substitution in the premises. Dated FOR VALUE RECEIVED hereby sell, assign and transfer unto Attorney Shares PLEASE INSERT
SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING ZIP CODE OF ASSIGNEE) THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY
PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER. TEN COM TEN ENT JT TEN as tenants in common as tenants by the entireties as joint tenants with right of survivorship and not as tenants in common UNIF GIFT MIN ACT– Custodian
(Cust) (Minor) under Uniform Transfers to Minors Act (State) – – – The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to
applicable laws or regulations: The Corporation will furnish without charge to each stockholder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series
thereof of the Corporation and the qualifications, limitations, or restrictions of such preferences and/or rights. This certificate and the shares represented thereby are issued and shall be held subject to all the provisions of the Certificate of
Incorporation and all amendments thereto and resolutions of the Board of Directors providing for the issue of Preferred Stock (copies of which may be obtained from the secretary of the Corporation), to all of which the holder of this certificate by
acceptance hereof assents. HF2 FINANCIAL MANAGEMENT INC. Additional abbreviations may also be used though not in the above list. NOTICE: SIGNATURE(S) GUARANTEED: THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS,
STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15. X X The holder of this certificate shall be entitled to receive funds from the
trust account only in the event of the Company’s redemption of 100% of the shares sold in the Company’s initial public offering upon failure to consummate an initial business combination, if the holder seeks to convert his respective
shares upon consummation of such business combination or in connection with a vote to amend certain provisions of the Company’s Amended and Restated Certificate of Incorporation prior to the consummation of an initial business combination. In
no other circumstances shall the holder have any right or interest of any kind in or to the trust account.EX-10.1.1

 Exhibit 10.1.1 

March ___, 2013 

HF2 Financial Management Inc. 
 999 18th Street,
Suite 3000 
 Denver, Colorado 80202 
  

	 	Re:	Initial Public Offering 

 Gentlemen: 

This letter is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting
Agreement”) entered into by and between HF2 Financial Management Inc., a Delaware corporation (the “Company”), and EarlyBirdCapital, Inc., as Representative (the
“Representative”) of the several Underwriters named in Schedule I thereto (the “Underwriters”), relating to an underwritten initial public offering (the
“IPO”) of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”). Certain capitalized terms used herein are defined in paragraph 15
hereof. 
 In order to induce the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the
IPO, and in recognition of the benefit that such IPO will confer upon the undersigned as a director and officer of the Company, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
undersigned hereby agrees with the Company as follows: 
 1. In accordance with Section 2.07(a) of the Trust Agreement, the
undersigned acknowledges and agrees that he will seek and obtain the consent of the board of directors of the Company prior to providing any instructions to the Trustee with respect to the shares of Class B common stock, par value $0.000001 per
share, of the Company (the “Class B Common Stock”). The undersigned also acknowledges and agrees that he will act in accordance with the provisions of Article FIFTH of the Company’s Amended and Restated Certificate of
Incorporation with respect to the voting, sale, transfer or assignment of any shares of Class B Common Stock by the HF2 Class B Trust. 
 2. The undersigned acknowledges and agrees that with respect to any Target Business the Company seeks to acquire that is affiliated with the undersigned or any other Insider, the Company will be required
to obtain (i) a fairness opinion from an independent investment banking firm which is a member of Financial Industry Regulatory Authority that the Initial Business Combination is fair to the Company’s unaffiliated stockholders from a
financial point of view and (ii) approval of a majority of the Company’s disinterested and independent directors (if the Company as any at that time). 
 3. The undersigned hereby agrees that in the event that the Company fails to consummate an Initial Business Combination within 18 months from the date of the Prospectus (or 24 months from the date of the
Prospectus if the Company has executed a letter of intent, agreement in principle or definitive agreement for an initial business combination within 18 months from the date of the Prospectus), the undersigned shall take all reasonable steps to cause

 
the Company as promptly as possible but no more than 10 business days after the expiration of such 24-month period to redeem 100% of the outstanding IPO Shares for a pro rata portion of the funds
held in the Trust Account (including any accrued interest, but subject to any provision for creditors required by applicable law) and then seek to dissolve and liquidate. The undersigned hereby agrees not to take any action to cause or permit the
Company to extend time periods described in the preceding sentence. 
 4. Neither the undersigned nor any affiliate of the
undersigned will be entitled to receive and will not accept any compensation for services rendered to the Company prior to or in connection with the consummation of an Initial Business Combination; provided that Berkshire Capital Securities
LLC (the “Related Party”), an entity affiliated with the undersigned shall be allowed to charge the Company $10,000 per month for administrative services provided by the Related Party to the Company. The
undersigned shall also be entitled to reimbursement from the Company for his reasonable out-of-pocket expenses incurred in connection with seeking and consummating an Initial Business Combination; provided, however, that unless and until the
consummation of an Initial Business Combination such out-of-pocket expenses may be reimbursed only using funds held outside of the Trust Account and interest income on the Trust Account. 

5. Neither the undersigned nor any affiliate of the undersigned will be entitled to receive or accept a finder’s fee or any other
compensation in the event the undersigned or any affiliate of the undersigned originates an Initial Business Combination. 
 6.
The undersigned agrees not to participate in the formation of, or become an officer or director of, any other blank check company until the earlier of (i) the date on which the Company enters into a definitive agreement regarding its Initial
Business Combination or (ii) 18 months from the date of the Prospectus (or 24 months from the date of the Prospectus if the Company has executed a letter of intent or agreement in principle for an Initial Business Combination within 18 months
of the date of the Prospectus but has not completed the Initial Business Combination within such 18-month period). 
 7. The
undersigned agrees to be the Chairman of the Board of the Company until the earlier of the consummation by the Company of an Initial Business Combination or the liquidation of the Company. The undersigned’s biographical information furnished to
the Company and the Representative and attached hereto as Exhibit A is true and accurate in all respects and does not omit any material information with respect to the undersigned’s background. Each of the undersigned’s Director and
Officer Questionnaire and FINRA Questionnaire furnished to the Company and the Representative and annexed as Exhibit B hereto is true and accurate in all respects. The undersigned represents and warrants that: 

(a) the undersigned is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist order or order or
stipulation to desist or refrain from any act or practice relating to the offering of securities in any jurisdiction; 
 (b) the
undersigned has never been convicted of or pleaded guilty to any crime (i) involving any fraud, (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities
and he is not currently a defendant in any such criminal proceeding; and 

  
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 (c) the undersigned has never been suspended or expelled from membership in any securities
or commodities exchange or association or had a securities or commodities license or registration denied, suspended or revoked. 

8. The undersigned agrees to present to the Company for its consideration, prior to presentation to any other person or company, any
suitable opportunity to acquire an operating business, until the earlier of the consummation by the Company of the Initial Business Combination or the liquidation of the Trust Account, subject to any pre-existing fiduciary obligations the
undersigned may have. 
 9. The undersigned has full right and power, without violating any agreement by which the undersigned is
bound, to enter into this letter agreement and to serve as the Chairman of the Board of the Company. 
 10.(a) The undersigned,
in his capacity as an officer of the Company, has agreed that he will be jointly and severally liable, by means of direct payment to the Trust Account, to ensure that the proceeds in the Trust Account are not reduced by the claims of Target
Businesses or claims of vendors or other entities that are owed money by the Company for services rendered or contracted for or products sold to the Company; provided that the undersigned along with all of the Company’s officers will
have no personal liability (i) as to any claimed amounts owed to a Target Business or vendor or other entity who has executed a valid and enforceable agreement with the Company waiving any right, title, interest or claim of any kind he may have
in or to any monies held in the Trust Account, or (ii) as to any claims under the Company’s indemnity with the underwriters of this offering against certain liabilities, including liabilities under the Securities Act. 

(b) The undersigned acknowledges that the undersigned has no right, title, interest or claim of any kind in or to any monies held in the
Trust Account or any other assets of the Company as a result of any liquidation of the Trust Account with respect to any shares of Founders’ Common Stock or Sponsors’ Common Stock held by the undersigned. 

(c) In the event of the liquidation of the Company, the undersigned agrees to advance to the Company the funds necessary to complete the
Company’s liquidation to the extent that the Company does not have sufficient funds to complete such liquidation outside of the Trust Account. The undersigned agrees not to seek repayment of such advances from the Company or holders of the IPO
Shares. 
 11. The undersigned agrees to vote any Founders’ Common Stock, Sponsors’ Common Stock and/or IPO Shares
purchased in or after the IPO held by him in favor of any proposed Initial Business Combination. The undersigned acknowledges and agrees that the shares of Founders’ Common Stock and Sponsors’ Common Stock are subject to restrictions on
transfer as described in the Prospectus. 

  
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 12. The undersigned agrees not to convert any Founders’ Common Stock, Sponsors’
Common Stock and/or IPO Shares purchased in or after the IPO held by him in connection with a stockholder vote to approve an Initial Business Combination. 
 13. The undersigned agrees not to take any action, directly or indirectly, that would cause either Broad Hollow LLC or Broad Hollow Investors LLC to be in breach of the respective letter agreements of
Broad Hollow LLC or Broad Hollow Investors LLC, dated as of the date hereof, delivered to the Company. 
 14. This letter
agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another
jurisdiction. The undersigned hereby (a) agrees that any action, proceeding or claim against him arising out of or relating in any way to this letter agreement (a “Proceeding”) shall be brought and enforced
in the courts of the State of New York of the United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive and (b) waives any objection to such exclusive
jurisdiction and that such courts represent an inconvenient forum. 
 15. As used herein: 

(a) “Initial Business Combination” shall mean the acquisition by the Company, whether through a merger,
share exchange, asset acquisition, stock purchase, reorganization, recapitalization or similar type of transaction, of one or more business or entities (“Target Business” or “Target
Businesses”), whose collective fair market value is equal to at least 80% of the balance in the Trust Account and resulting in ownership by the Company or the holders of IPO Shares of at least 51% of the voting equity interests
of the Target Business or Businesses or all or substantially all of the assets of the Target Business or Businesses; 
 (b)
“Insiders” shall mean all officers, directors and stockholders of the Company immediately prior to the IPO; 
 (c) “Founders’ Common Stock” shall mean all of the shares of Common Stock of the Company acquired by an Insider prior to the IPO for a price of approximately
$0.005875 per share; 
 (d) “IPO Shares” shall mean the shares of Common Stock issued in
the Company’s IPO; 
 (e) “Prospectus” shall mean the final prospectus relating to the
IPO; and 
 (f) “Sponsors’ Common Stock” shall mean all of the shares of Common Stock
of the Company acquired by an Insider prior to the IPO for a price of $10.00 per share; 
 (g) “Trust
Account” shall mean the trust account into which a portion of the net proceeds of the Company’s IPO will be deposited; 

  
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 (h) “Trust Agreement” means that certain Trust
Agreement relating to HF2 Class B Trust, dated as of February 26, 2013 by and among the undersigned, Wilmington Trust, National Association, and the Company. 
 16. The undersigned acknowledges and understands that the Underwriters and the Company will rely upon the agreements, representations and warranties set forth herein in proceeding with the IPO. Nothing
contained herein shall be deemed to render the Underwriters a representative of, or a fiduciary with respect to, the Company, its stockholders or any creditor or vendor of the Company with respect to the subject matter hereof. 

17. This letter agreement, and the exhibits thereto, constitute the entire agreement and understanding of the parties hereto in respect of
the subject matter hereof and supersede all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated
hereby. This letter agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed by the parties hereto. 

18. Neither party may assign either this letter agreement or any of its rights, interests, or obligations hereunder without the prior
written consent of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee. This letter agreement shall be
binding on the undersigned and each of the undersigned’s heirs, personal representatives, successors and assigns. 
 19. Any
notice, consent or request to be given in connection with any of the terms or provisions of this letter agreement shall be in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested),
by hand delivery or facsimile transmission. 
 20. This letter agreement shall be binding on the undersigned and such
person’s respective successors, heirs, personal representatives and assigns. This letter agreement shall terminate on the earlier of (a) the consummation of an Initial Business Combination and (b) the liquidation of the Company;
provided, that such termination shall not relieve the undersigned from liability from any breach of this letter agreement prior to its termination. 

 

	
	
	
	  
	 R. Bruce Cameron
  

Address:

  
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	 Acknowledged and agreed:
  

HF2 Financial Management Inc.

		
	By:	 	 
		 	Name:	 	R. Bradley Forth
		 	Title:	 	 Executive Vice President, Chief

Financial Officer and Secretary

  
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 Exhibit A 
 R. Bruce Cameron, CFA. Mr. Cameron has been the Chairman of our Board of Directors since our inception. Mr. Cameron has been the President and Chief Executive Officer
of Berkshire Capital Securities LLC, a New York-based investment banking firm, since its formation in May 2004. Mr. Cameron co-founded Berkshire Capital Corporation, the predecessor firm to Berkshire Capital Securities LLC, in 1983 as the first
independent investment bank covering the financial services industry, with a focus on investment management and capital markets firms. Mr. Cameron and his partners have advised on over 270 mergers and acquisitions of financial services
companies, including high net worth managers, institutional investment managers, mutual fund managers, real estate managers, brokerage firms, investment banks and capital markets firms with aggregate client assets under management transfer of more
than $675 billion and aggregate transaction value in excess of $12.5 billion. From 2005 to 2010, Mr. Cameron was a co-founder and the chairman of the board of directors of Highbury Financial Inc., a publicly traded blank check company that
became an investment management holding company. Mr. Cameron is co-chairman of the Investment Committee of Broad Hollow Partners LLC, a partnership formed to pursue principal investments in the investment management industry. Prior to forming
Berkshire Capital Corporation, Mr. Cameron was an associate director of Paine Webber Group Inc.’s Strategic Planning Group from 1981 through 1983. Mr. Cameron began his career at Prudential Insurance Company from 1978 through 1980,
working first in the Comptroller’s Department and then in the Planning & Coordination Group. Mr. Cameron graduated from Trinity College, where he received a B.A. in Economics, and from Harvard Business School, where he received an
M.B.A. Mr. Cameron also attended the London School of Economics. Mr. Cameron is a CFA charterholder and is the treasurer of the New York Society of Security Analysts. Mr. Cameron is a Fellow of the Life Management Institute. He is
also a past trustee of the Securities Industry Institute. 

  
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 Exhibit B 
 See attached. 

  
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