Document:

Exhibit 10.6

      

      

      March [___], 2018

      

      

      Re: Amended and Restated Transaction Bonus Letter

      

      

      Dear [___________]:

      

      

      Reference is hereby made to the transaction bonus letter entered into by and between you and Intermex Holdings, Inc. (together with
          its successors and assigns, the “Company”), dated as of [________], which letter shall be replaced and superseded in its entirety by this letter agreement (this “Agreement”), effective as of the date hereof. In recognition of your contributions to the Company, the Company has approved a special bonus for you equal to $[_______] (the
          “Deal Success Bonus”), to be payable subject to all of the terms and conditions of this Agreement.

      

      

      Your Deal Success Bonus will be in addition to (and will not be in lieu of) any annual bonus amount you may otherwise be entitled to
          receive from the Company.

      

      

      Payment of and Conditions to Deal Success Bonus

      

      

      You shall be paid your Deal Success Bonus in a lump sum within 10 days of the closing of the transactions contemplated by that certain
          Agreement and Plan of Merger by and among Fintech Acquisition Corp. II, Fintech II Merger Sub Inc., Fintech II Merger Sub 2 LLC, Intermex Holdings II, Inc. and SPC Intermex Representative LLC dated as of December 19, 2017 (the “Sale”). If your employment with the Company terminates prior to the closing date of the Sale as
          a result of your termination by the Company for Cause (as defined in the Employment Agreement by and between you and the Company, dated as of [________]) (the “Employment Agreement”)

          or your voluntary resignation without Good Reason (as defined in the Employment Agreement), then you will not be entitled to any portion of the Deal Success Bonus. If your employment with the Company terminates prior to the closing date of the Sale as a result of your death, Disability, termination by the Company without Cause or resignation by you for Good Reason, then you will continue to be entitled to
          the Deal Success Bonus as if your employment had not terminated.  If your employment with the Company terminates for any reason on or following the closing date of the Sale, you will continue to be entitled to the Deal Success Bonus as if your
          employment had not terminated.

      

      

      Other Terms

       

        

      All payments under this letter will be subject to the withholding of any taxes required to be withheld under applicable federal, state
          or local law.  You will not have any right to transfer, assign, pledge, alienate or create a lien on the Deal Success Bonus, and this Agreement is not assignable by you.  The Deal Success Bonus is unfunded and unsecured and is payable out of the
          general funds of the Company.  Nothing in this letter is intended to suggest any guaranteed period of continued employment and your employment will at all times continue to be terminable by you or the Company.  This letter will be binding on any
          successor to the Company.

       

        

      
        
          

      

      All amounts payable pursuant to this Agreement are intended to be exempt from Section 409A of the Internal Revenue Code of 1986, as
          amended, and the Treasury Regulations and other guidance promulgated or issued thereunder (the “Code”).

       

        

      If, in the sole discretion of the Company, all or any portion of the Deal Success Bonus could be considered a “parachute payment”
          under Code Section 280G, your entitlement to any portion of the Deal Success Bonus will be contingent upon the approval of the Deal Success Bonus in a manner that satisfies the shareholder approval requirements of Treasury Regulation Section
          1.280G-1, Q&A 7.

       

        

      This letter will be governed by, and construed in accordance with, the laws of the State of New York.  This letter may be executed by
          .pdf or facsimile signatures and in any number of counterparts with the same effect as if all signatory parties had signed the same document.  All counterparts shall be construed together and shall constitute one and the same instrument.

       

        

      We thank you for the service you have rendered in the past and look forward to your continued contribution to the success of the
          Company.  Please acknowledge your acceptance of the terms of this Agreement and return it to me as soon as possible.

       

        

      [Signatures Follow]

      

      

      
        
          

      

      Exhibit 10.6

      

      

      	 	
              Sincerely,

            	 
	 	 	 
	 	
              Intermex Holdings, Inc.

            	 
	 	 	 
	 	

            	 

      

      

      	
              Acknowledged and agreed:

            	 
	 	 
	
              [___________]

            	 
	 	 
	
              Date:

            	 

      

      

      
        Intermex – Deal Success Bonus LetterExhibit 10.7

 

	

	
 

CONFIDENTIAL

February 20, 2018

Mr. Tony Lauro

198 19th Street

Apartment 5A,

Brooklyn, NY 11232

Dear Mr. Lauro:

It is with great pleasure for Intermex Wire Transfer, LLC (herein referred to as “the Company”) to extend the offer of employment to join our Executive Team as the Chief Financial Officer (CFO).  This position is Full-Time, Exempt, reporting to the CEO and Chairman, Robert W. Lisy.  Please review this offer letter as it details your essential responsibilities and compensation structure.

START DATE

		§	
March 5th 2018

SCHEDULE PARAMETERS

		§	
Monday through Friday, minimum of 40 hours per week, defined as 9:00am to 6:00pm, with occasional work before 9:00am and after 6:00pm on weekdays, and occasional work on the weekends, and holidays, as determined by the needs of the business, while abiding by the rules of the Fair Labor Standards Act.

ESSENTIAL RESPONSIBILITIES (job description will be provided during your New Hire Orientation):

Responsible for the direction and management of all financial aspects for the company.   Main focus is to establish a sound Financial Reporting structure, adequate controls as well as build and develop the finance organization.

 

Specific responsibilities include:

 

		1.	
Establish and maintain appropriate internal control and safeguards which insure that controls are in place that eliminate and prevent financial deficiencies or material weaknesses.

 

		2.	
With the CEO, lead the development of rolling 3-year strategic plans which take into account available opportunities, funding, and cash needs.  Collaboratively direct the implementation of resulting plans, projects, programs and systems.

 

		3.	
In concert with the Board and CEO, oversee assessment and approval of investments, acquisitions and divestitures, with ongoing reviews thereafter.

 

		4.	
Conduct a review of the Finance organization’s structure, and develop an implementation plan to continuously improve the group’s functional excellence, quality of insights and business impact.

 

		5.	
Work closely with the CEO regarding balance sheet and appropriate uses of free cash flow.

 

	
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9480 South Dixie Highway • Miami, Florida 33156 • T 305.671.8000 • F 305.670.7093

		6.	
Create, coordinate, and evaluate the financial programs and supporting information systems of the company to include budgeting, tax planning, real estate, and conservation of assets.

 

		7.	
Continuously review and improve key financial systems and processes including revenue and profit forecasting, cash flow management and risk management.

 

		8.	
Professionally interact with analysts, institutional investors and shareholders.  Play a key role in external shareholder communications including quarterly earnings discussions, the annual shareholder meeting and other investor presentations.

 

		9.	
Actively manage and coordinate with lenders and bank syndicates to ensure adequacy of appropriate financial support.

 

REPORTS TO:

 

		§	
Robert W. Lisy, CEO and Chairman

COMPENSATION and TERMS

		§	
Total Annual Base Compensation: $310,000.00 per annum, payable semi-monthly, and subject to the applicable withholding tax deductions.

		§	
Annual Bonus Compensation will be up to $110,000.00, based 60% on personal Objectives and 40% on Company EBITDA results, and subject to the applicable withholding tax deductions.

 

		§	
Offer is contingent upon the permanent relocation to the Miami office by July 31st, 2018. The Company will reimburse Employee for the customary and reasonable expenses related to his relocation in include, but not limited to, real estate fees on the sale of his residence in New York capped at $50,000  and Purchase of Home in Miami, cost of a moving company/transport of his personal property and storage fees, if applicable.  Maximum of 3 months temporary residence.

		§	
You will be eligible for company options in the amount of .5% of the company. The strike price will be determined on the date the Fintech Acquisition Corp. II deal closes.

BENEFITS

Eligible to participate in Intermex’s benefits program on the 1st of the month following your hire date.  Your official effective date for benefits will be April 1st, 2018 (effective date is based on hire date stated above).  All benefits are subject to change based at the discretion of management.

		Ø	
Medical coverage – Medical coverage options will be provided upon start of employment

		Ø	
Opportunity to participate in company 401K program after 6 months of employment

		Ø	
Paid Time Off:

		·	
20 days or 160 hours, accrued on a semi-monthly rate of 6.667.

		·	
Company observed holidays – varies according to the needs of the business

 

	
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9480 South Dixie Highway • Miami, Florida 33156 • T 305.671.8000 • F 305.670.7093

For purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility for employment in the United States.  Such documentation must be provided to us within three (3) business days of your commencement date, or our employment relationship with you may be terminated.

Your employment with the Company is at-will and neither this letter nor any other oral or written representations may be considered a contract for any specific period of time. In addition, this offer and your employment with the Company are contingent upon the successful completion of a background investigation, and your eligibility to work in the United States. The Company agrees that in the event your employment is discontinued for reasons other than documented non-performance or activity considered illegal or harmful to the company, e.g. reduction in force, downsizing, restructuring, decrease in funding, etc., you will receive a minimum of 6 month severances including medical benefits coverage.

Your employment responsibilities with the Company are considered primary, and you are expected to be fully dedicated and exclusive to the Company during the schedule parameters indicated above.  Any other employment in which you engage in is considered secondary, and approval is required prior to acceptance of such employment.

Tony, we are very pleased with the prospect of your addition to Intermex. We believe your role as the Chief Financial Officer will be a key contributor to our success in the department and company.  We will do our best to provide you with all the support and resources to help you attain maximum success.

Should you have any questions with regards to the terms of your employment offer, please feel free to contact me at (305) 671-8000 extension 1414.

If you agree with the terms of this letter, indicate so by signing below in the designated area.

Sincerely,

 

	 	 	
I agree with the terms of this letter:

	 	 	 
	
/s/ Robert W. Lisy

	 	
/s/ Tony Lauro

	
Robert W. Lisy

CEO and Chairman

	 	
Tony Lauro

	 	 	 
	
/s/ Michael Creamer

	 	
 

	
Michael Creamer

Sr. Vice President of Human Resources

	 	
Date

 

 

	
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9480 South Dixie Highway • Miami, Florida 33156 • T 305.671.8000 • F 305.670.7093

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