Document:

exhibit103letteragreeeme

                                                                February 25, 2019   FedNat Holding Company  14050 N.W. 14th Street, Suite 180   Sunrise, Florida  33323   Attention:  Ronald A. Jordan, Chief Financial Officer   Re:   Redemption of Senior Unsecured Fixed Rate Notes Due 2022   Ladies and Gentlemen:    Reference is made to the Indenture dated as of December 28, 2017 (the “Base Indenture”), as  amended and  supplemented  by  Supplemental  Indenture  No.  2  dated  as  of  December  29,  2017  (the  “Supplemental  Indenture” and, together with the Base Indenture, the “Indenture”), each among FedNat Holding Company  (formerly known as Federated National Holding Company), a Florida corporation (the “Company”), The  Bank of New York Mellon, as Trustee, The Bank of New York Mellon, London Branch, as Paying Agent  and The Bank of New York Mellon, SA/NV, Luxembourg Branch, as Registrar. Capitalized terms used  but not defined herein shall have the respective meanings assigned to them in the Indenture.   The  undersigned,  constituting  Holders  of  a  majority  in  principal  amount  of  the  outstanding Senior  Unsecured Fixed Rate Notes due 2022 (the “2022 Senior Notes”) issued by the Company pursuant to the  Indenture, hereby state and agree, as follows:    1.   Section 5.1(a) of the Indenture provides that the 2022 Senior Notes shall not be redeemable by        the Company in whole or in part at any time, except as contemplated therein at the option of the        Holders of the 2022 Senior Notes, including in connection with a Change of Control. Consistent        with Section 5.1(a) of the Indenture, the undersigned hereby agrees to the redemption by the        Company  of  the  2022  Senior  Notes,  on  such  terms  as  specifically  set  forth  in  the  Officers’        Certificate executed by the Company in favor of the Trustee attached as Exhibit A hereto and in        the Notice of Redemption by the Company to the undersigned attached as Exhibit B hereto (such        redemption, the “Redemption”).     2.   The undersigned waives any and all past, present or future default, Default, Event of Default or        non-compliance  with  the  provisions  of  the  Indenture  that  may  arise  in  connection  with  the        Redemption.    3.   The Trustee, Paying Agent and Registrar may rely on this letter agreement, in connection with the        performance of its duties under the Indenture in relation to the Redemption.                                      [Signature pages follow]                                             Sincerely,1                                                                                   Athene Annuity & Life Assurance Company                                                    1 Note to Draft: Signature block lifted from FedNat-Athene 2017 NPA. Athene to confirm and update as needed.  

 

By: Athene Asset Management, L.P., its investment  manager  By: AAM GP Ltd., its general partner        By:   /s/ James Kenney                          Name:    James Kenney  Title:   Authorized Signatory      Athene Annuity and Life Company  By: Athene Asset Management, L.P., its investment  manager  By: AAM GP Ltd., its general partner        By:   /s/ James Kenney                 Name:    James Kenney  Title:   Authorized Signatory  

 

                                                                                  ACKNOWLEDGED AND AGREED  AS OF THE DATE FIRST ABOVE  WRITTEN BY:   FedNat Holding Company    By:   /s/ Ronald A. Jordan               Name: Ronald A. Jordan     Title: Chief Financial Officer     

 

                                                                     Exhibit A                           FEDNAT HOLDING COMPANY                             OFFICERS’ CERTIFICATE                                 FEBRUARY 25, 2019         Pursuant to Sections 5.1(a) and 5.2 of the Indenture dated as of December 28, 2017 among  FedNat Holding Company, f/k/a Federated National Holding Company, a Florida corporation (the  “Company”), The Bank of New York Mellon, as Trustee, The Bank of New York Mellon, London  Branch,  as  Paying  Agent  and  The  Bank  of  New  York  Mellon,  SA/NV,  Luxembourg  Branch,  as  Registrar (as amended or supplemented, the “Indenture”), the undersigned officers of the Company  do hereby certify, in their capacities as officers of the Company and in the name and on behalf of the  Company, in connection with the Company’s election to redeem the Senior Unsecured Floating Rate  Notes Due 2022 (the “ 2022 Notes”) as follows:         1.    The redemptions of the 2022 Notes shall occur pursuant to an agreement negotiated  between the Company and the holders of the 2022 Notes.          2.    The Redemption Date shall be March 5, 2019 (subject to adjustment).                                                 3.    The principal amount of the 2022 Notes to be redeemed is $20,000,000, representing  100% of the 2022 Notes outstanding.         4.    The Redemption Price is 112.5% of the outstanding principal amount of the 2022  Notes to be redeemed, which equates to $22,500,000.         All capitalized terms not otherwise defined herein shall have the meanings assigned to such  terms in the Indenture.         IN WITNESS WHEREOF, Company has duly executed this Officer’s Certificate, effective  as of the date set forth above.                                        FEDNAT HOLDING COMPANY,                                a Florida corporation                                    By:__/s/ Michael H. Braun_________________________                                      Michael H. Braun                                      Chief Executive Officer                                  By:__/s/ Ronald A. Jordan_________________________                                       Ronald A. Jordan                                      Chief Financial Officer                                                  

 

                                                                      Exhibit B                                                                     NOTICE OF REDEMPTION                      of Senior Unsecured Fixed Rate Notes due 2022           of FedNat Holding Company, f/k/a Federated National Holding Company                             (ISIN No. [XS1744725562])2                                                                                                                    February 25, 2019                                                     To the  Holders the FedNat  Holding  Company’s  (f/k/a  Federated National  Holding  Company) Senior Unsecured Fixed Rate Notes due 2022:           This notice is being given to you as a holder of our Senior Unsecured Fixed Rate Notes due  2022 (the “2022 Notes”) pursuant to Section 5.4 of the Indenture dated December 28, 2017 among  FedNat Holding Company, f/k/a Federated National Holding Company (“FedNat”), The Bank of  New  York  Mellon, as  trustee  (in  such  capacity,  the  “Trustee”), The  Bank  of  New  York  Mellon,  London Branch, as paying agent (in such capacity the “Paying Agent”), and The Bank of New York  Mellon SA/NV, Luxembourg Branch, as registrar (as amended or supplemented, the “Indenture”),  that FedNat has elected to redeem all of the Senior Unsecured Fixed Rate Notes Due 2022 (the “2022  Notes”) held by you.  Such redemption of the 2022 Notes is being made pursuant to Section 5.1(a) of  the Indenture and an agreement negotiated between the Company and the holders of the 2022 Notes.           FedNat shall redeem all of the 2022 Notes on or about March 5, 2019 (the “Redemption  Date”).  The redemption price shall be $22,500,000, which is equal to 112.5% of the outstanding  principal  amount  of  the 2022 Notes  to  be  redeemed.   Accrued  interest, to,  but  excluding  the  Redemption Date equals $ $297,777.78.  On the Redemption Date, the redemption price and accrued  interest to, but excluding, the Redemption Date in the amount of $22,797,777.78 shall become due  and  payable  upon  each 2022 Note  to  be  redeemed,  and,  unless  FedNat  defaults  in  making  the  redemption payment, that interest on the 2022 Notes called for redemption shall cease to accrue on  or after said date.          The 2022 Notes shall be surrendered for payment of the redemption price and accrued interest  to the Paying Agent at the following address:                        The Bank of New York Mellon, London Branch                                 London EC2N 2DB                                  United Kingdom                         Attention: International Corporate Trust                                           The 2022 Notes called for redemption must be surrendered in accordance with the procedures of the  Depositaries or to the Paying Agent to collect the redemption price.                                                    2 The ISIN number appearing herein has been included solely for the convenience of the holders of the Notes. Neither FedNat nor  the Trustee shall be responsible for the selection or use of any such ISIN number nor is any representation made as to its correctness  or accuracy on the Notes or as indicated.        

 

                                                                      Exhibit B           Should you have any questions concerning the foregoing, please do not hesitate to contact the  undersigned.                                      Very truly yours,                                  FEDNAT HOLDING COMPANY, F/K/A                                FEDERATED NATIONAL HOLDING COMPANY                                    __/s/ Michael H. Braun_________________________                                Michael H. Braun                                Chief Executive OfficerExhibit 4.1

 

	
        NUMBER

        U-__________
	 	UNITS
	 	 	 
	SEE REVERSE FOR

 CERTAIN DEFINITIONS	TUSCAN HOLDINGS
    CORP.	 

 

CUSIP 90069K 203

 

UNITS CONSISTING OF ONE SHARE OF COMMON
STOCK AND

ONE WARRANT

 

THIS CERTIFIES THAT
________________________________________________________________________________ is the owner of _____________________________________________________________________________ Units. 

 

Each Unit (“Unit”) consists
of one (1) share of common stock, par value $0.0001 per share (“Common Stock”), of Tuscan Holdings Corp., a
Delaware corporation (the “Company”), and one warrant (“Warrant”). Each Warrant entitles
the holder to purchase one share of Common Stock for $11.50 per share (subject to adjustment). Each Warrant will become exercisable
on the later of (i) 30 days after the Company’s completion of an initial merger, capital stock exchange, asset acquisition,
or other similar business combination with one or more businesses or entities (a “Business Combination”) and
(ii) 12 months from the closing of the Company’s initial public offering (“IPO”), and will expire unless
exercised before 5:00 p.m., New York City Time, on the fifth anniversary of the completion of an initial Business Combination,
or earlier upon redemption or liquidation. The Common Stock and Warrant(s) comprising the Unit(s) represented by this certificate
are not transferable separately until ninety days following the effective date of the registration statement on Form S-1 filed
with the Securities and Exchange Commission (“SEC”) in connection with the Company’s IPO, unless EarlyBirdCapital,
Inc. informs the Company of its decision to allow earlier separate trading, except that in no event will the Common Stock and Warrants
be separately tradeable until the Company has filed a Current Report on Form 8-K with the SEC containing an audited balance sheet
reflecting the Company’s receipt of the gross proceeds of its IPO and issued a press release announcing when such separate
trading will begin. The terms of the Warrants are governed by a Warrant Agreement, dated as of ______ ___, 2019, between the Company
and Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and provisions contained therein,
all of which terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the Warrant Agreement
are on file at the office of the Warrant Agent at 1 State Street, 30th Floor, New York, New York 10004, and are available
to any Warrant holder on written request and without cost.

 

This certificate is not valid unless countersigned
by the Transfer Agent and Registrar of the Company.

 

Witness the facsimile seal of the Company
and the facsimile signatures of its duly authorized officers.

 

By

 

	 	
        Tuscan Holdings Corp.

         

        CORPORATE
	 
	Chairman 	
        SEAL

        2018

        DELAWARE
	Secretary

 

     

     

    

 

Tuscan Holdings Corp.

 

The Company will furnish
without charge to each shareholder who so requests, a statement of the powers, designations, preferences, and relative, participating,
optional, or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations,
or restrictions of such preferences and/or rights.

 

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:

 

	TEN COM –	as tenants in common	UNIF GIFT MIN ACT - 	_______ 	Custodian 	________
	TEN ENT –	as tenants by the entireties	 	(Cust)	 	(Minor)
	JT TEN –	as joint tenants with right of survivorship	under Uniform Gifts to Minors
	 	and not as tenants in common	Act ______________             
	 		(State)

 

Additional abbreviations may also be used
though not in the above list.

 

For value received, ___________________________ hereby sell,
assign, and transfer unto

 

	PLEASE INSERT SOCIAL SECURITY OR OTHER

IDENTIFYING NUMBER OF ASSIGNEE	 
	 	 
	 	 
	 	 

 

	 	 
	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 Units
	represented by the within Certificate, and do hereby irrevocably constitute and appoint
	 	 Attorney
	to transfer the said Units on the books of the within named Company will full power of substitution in the premises.

 

	Dated	 	 

 

	 	 	 
	 	Notice:	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.

 

     

     

    

 

Signature(s) Guaranteed:

 

	 	 
	THE SIGNATURE(S) SHOULD 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). 	 

 

The holder(s) of this certificate shall be entitled to receive
a pro-rata portion of the funds from the trust account with respect to the common stock underlying this certificate only in the
event that (i) the Company is forced to liquidate because it does not consummate an initial business combination within the period
of time set forth in the Company’s Amended and Restated Certificate of Incorporation, as the same may be amended from time
to time (the “Charter”) or (ii) if the holder seeks to convert his shares upon consummation of, or sell his shares
in a tender offer in connection with, an initial business combination or in connection with certain amendments to the Charter.
In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust account.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00292-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00292-of-00352.parquet"}]]