Document:

Exhibit 10.5

 

Execution Version

 

 

 

 

 

 

 

 

 

 

FOUNDER STOCKHOLDERS AGREEMENT

 

DATED AS OF JULY 11, 2019

 

AMONG

 

REPAY HOLDINGS CORPORATION

 

AND

 

THE FOUNDERS PARTY HERETO

 

 

 

 

 

 

 

 

 

 

 

 

 

    

     

    

 

Table of Contents

 

	 	Page

	ARTICLE I. INTRODUCTORY MATTERS	1
	 	 
	1.1	Defined Terms	1
	1.2	Construction	5
	 	 	 
	ARTICLE II. CORPORATE GOVERNANCE MATTERS	5
	 	 
	2.1	Election of Directors	5
	2.2	Compensation	7
	2.3	Other Rights of Founder Designees	8
	 	 	 
	ARTICLE III. INFORMATION	8
	 	 
	3.1	Books and Records; Access	8
	3.2	Certain Reports	8
	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	9
	 	 	 
	ARTICLE V. GENERAL PROVISIONS	10
	 	 
	5.1	Termination	10
	5.2	Notices	10
	5.3	Amendment; Waiver	10
	5.4	Further Assurances	11
	5.5	Assignment	11
	5.6	Third Parties	11
	5.7	Governing Law	11
	5.8	Jurisdiction; Waiver of Jury Trial	11
	5.9	Specific Performance	11
	5.10	Entire Agreement	12
	5.11	Severability	12
	5.12	Table of Contents, Headings and Captions	12
	5.13	Counterparts	12
	5.14	No Recourse	12

 

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FOUNDER STOCKHOLDERS AGREEMENT

 

This Founder Stockholders
Agreement is entered into as of July 11, 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”), John A. Morris
(“Morris”), Shaler V. Alias (“Alias), The 2018 JAM Family Charitable Trust dated March 1, 2018,
JOSEH Holdings, LLC, Alias Holdings, LLC and each of the other parties from time to time party hereto (each, including Morris and
Alias, a “Stockholder” and collectively, the “Stockholders”). Morris and Alias are sometimes
referred to herein, individually, as a “Founder” and, collectively, as the “Founders.”

 

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 (as amended, the “Merger Agreement”),
dated as of January 21, 2019, 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 Stockholders 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 Founder 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 a 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 a Stockholder
or its designated representatives in violation of this Agreement;

 

		(ii)	that was already known to a Stockholder or its designated representatives or was in the possession
of a 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 a 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;

 

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		(iv)	that was independently developed or acquired by a 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

 

		(v)	that a Stockholder or its designated representatives is required, in the good faith determination
of such Stockholder or such designated representative, to disclose by applicable law, regulation or legal process; provided,
that such 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.

 

“Founder Designee”
has the meaning set forth in Section 2.1(d).

 

“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.

 

“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.

 

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“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.

 

“Permitted Transferee”
means, with respect to a Stockholder (or the individual who Beneficially Owns a majority of the voting interests of such Stockholder,
if applicable), (x) upon the death of such Stockholder (or such individual), such Stockholder’s (or such individual’s)
estate, heirs, executors and administrators and/or (y) a trust or other Affiliate of such Stockholder (or such individual) that
is controlled by such Stockholder (or such individual) and the beneficiaries of which are comprised solely of such Stockholder
(or such individual) and the members of the Immediate Family of such Stockholder (or such individual); provided, that in
the cases of clause (x) and (y) above, any transfer of interests is for bona fide inheritance or estate planning purposes.

 

“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.

 

“Service Provider”
shall have the meaning set forth in the Organizational Documents of the Operating Company.

 

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

 

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“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.

 

“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) Subject
to Section 2.1(c), each Founder shall have the right, but not the obligation, to serve as Directors, and the individuals
nominated for election as Directors by or at the direction of the Board or a duly-authorized committee thereof shall include, such
Founder, with one such Founder being a Class I Director and the other being a Class III Director; provided, that, the identity
of which Founder shall serve as a Class I Director and which Founder shall serve as a Class III Director shall be designated set
forth in the Merger Agreement.

 

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(c) If
at any time Morris ceases to serve as the Chief Executive Officer of the Company, such Founder shall immediately resign as a Director,
shall cease to have the right to designate or be designated for nomination to the Board pursuant to Section 2.1(b), and
shall cease to be a “Founder Designee” for purposes of this Agreement. If at any time Alias ceases to serve
as the President of the Company, such Founder shall immediately resign as a Director shall cease to have the right to designate
or be designated for nomination to the Board pursuant to Section 2.1(a), and shall cease to be a “Founder Designee”
for purposes of this Agreement.

 

(d) Upon
any resignation pursuant to Section 2.1(c) hereof, the Stockholders (by written action of such Stockholders who Beneficially
Own a majority of the outstanding Common Stock Beneficially Owned by the Stockholders) 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, one independent Director; provided, that, (i) the Director designated pursuant to
this Section 2.1(d) must qualify as an independent director under applicable rules of the Nasdaq Stock Market or any other
market upon which the shares of Common Stock are then listed, (ii) if the Company Sponsor (as defined in the Merger Agreement),
together with its Affiliates, then collectively Beneficially Owns at least 5% of the outstanding Common Stock, the identity of
the Director designated pursuant to this Section 2.1(d) shall be subject to approval in the discretion of the Company Sponsor
and (iii) in no event shall the Stockholders be entitled to designate more than one Director pursuant to this Section 2.1(d).
In the event that (x) only one Founder has resigned as Director, the independent Director designated pursuant to this Section
2.1(d) shall serve in the same class of Directors as such Founder had previously served, or (y) both Founders have simultaneously
resigned as Directors, the Stockholders (by written action from such Stockholders who Beneficially Own a majority of the outstanding
Common Stock Beneficially Owned by the Stockholders) shall be entitled to elect whether the independent Director designated pursuant
to this Section 2.1(d) shall serve as a Class I Director or a Class III Director.

 

(e) If
at any time the Stockholders are entitled to designate but have not designated an individual that the Stockholders are then entitled
to designate pursuant to Section 2.1(d) hereof, the Stockholders shall have the right, at any time and from time to time,
to designate such individual which they are so entitled to so designate (subject to the terms of Section 2.1(d)), in which
case, any individuals nominated by or at the direction of the Board or any duly-authorized committee thereof for election as Directors
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. Each such individual whom the Stockholders shall
actually designate pursuant to this Section 2.1 and who is thereafter elected and qualifies to serve as a Director, together
with each of the Founders, shall be referred to herein as a “Founder Designee” (subject to Section 2.1(c)).

 

(f) 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, Founder Designees may only be removed pursuant to Section
2.1(c) hereof or, with respect to a Founder Designee designated pursuant to Section 2.1(d), by written action of such
Stockholders who Beneficially Own a majority of the outstanding Common Stock Beneficially Owned by the Stockholders.

 

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(g) In
the event that a vacancy is created at any time by death, retirement, removal, disqualification, resignation or other cause with
respect to the Founder Designee designated pursuant to Section 2.1(d), 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 Stockholders (subject to the terms of Section
2.1(d)), 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.

 

(h) The
Company shall, to the fullest extent permitted by law, include 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), the applicable persons pursuant to
this Section 2.1 and use its best efforts to cause the election of each such individual to the Board, including nominating
each such individual to be elected as a Director as provided herein, recommending such individual’s election and soliciting
proxies or consents in favor thereof. In the event that any Founder 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 such Founder Designee (or a new designee of the Stockholders) 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.

 

(i) 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 Stockholders who Beneficially
Own a majority of the outstanding Common Stock Beneficially Owned by the Stockholders.

 

(j) The
rights of the Founders and the Stockholders set forth in this Section 2.1 shall at all times be subject to the requirement
that each Founder Designee must be eligible to serve as a Director under applicable rules of the Nasdaq Stock Market or any other
market upon which the shares of Common Stock are then listed.

 

2.2 Compensation.
The Founders shall not be entitled to any compensation as Directors, other than (x) the compensation to which they are entitled
as a Service Provider and (y) reimbursement for travel and other out-of-pocket costs incurred in connection with attending
Board meetings and conducting other Board business consistent with such reimbursement provided to other Directors. The independent
Founder Designee designated pursuant to Section 2.1(c) shall be entitled to compensation consistent with the compensation
received by other non-employee Directors, including any fees and equity awards.

 

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2.3 Other
Rights of Founder Designees. Except as provided in Section 2.2, each Founder Designee 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 Founder Designees (including by entering into an indemnification agreement in a form substantially similar to the Company’s
form director indemnification agreement) and provide the Founder Designees 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.

 

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 Stockholders and their respective 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 Stockholders 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 such Stockholder from time to time (all such information so furnished
pursuant to this Section 3.1, the “Information”). Subject to Section 3.4, any Stockholder (and
any party receiving Information from a 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 Stockholders without the loss of any such privilege.

 

3.2 Certain
Reports. The Company shall deliver or cause to be delivered to the Stockholders, at their 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 Stockholders;
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 Stockholders without the loss of any such privilege.

 

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3.3 Confidentiality.
Each Stockholder agrees that it will, and will direct its designated representatives to, keep confidential and not disclose any
Confidential Information; provided, however, that such Stockholder and its designated representatives may
disclose Confidential Information to the other Stockholders, to the Founder Designees and to (a) their and their Affiliates’
respective attorneys, accountants, consultants, insurers, financing sources and other advisors in connection with such 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 such 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), a 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) each Stockholder agrees to be responsible for any breaches of
this Section 3.3 by such Stockholder’s designated representatives.

 

3.4 Information
Sharing. Each party hereto acknowledges and agrees that Founder Designees 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 each Stockholder
and its designated representatives (subject to such 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 any Stockholder that wishes to pledge, hypothecate or grant security interests in any or all of the Common Stock
held by such Stockholder, including to banks or financial institutions as collateral or security for loans, advances or extensions
of credit, the Company agrees to reasonably cooperate with each such 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 such Stockholder is
not otherwise restricted from pledging, hypothecating or granting a security interest in such Common Stock under the terms of the
Company Equity Holder Support Agreements (as defined in the Merger Agreement) or any other agreement with the Company or applicable
securities Law.

 

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 any 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 Stockholders that provides such Stockholder with rights vis-á-vis such NewCo that are substantially identical to those
set forth in this Agreement.

 

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ARTICLE
V.

GENERAL PROVISIONS

 

5.1 Termination. This
Agreement shall terminate at such time as the Stockholders and their Permitted Transferees collectively Beneficially Own less than
5% of the outstanding Common Stock. Notwithstanding the foregoing, Section 2.1(c) shall survive any termination hereof.

 

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

 

Each Stockholder’s address is:

 

c/o Hawk Parent Holdings LLC

3 West Paces Ferry Road, Suite 200

Atlanta, Georgia 30305

Attention: John A. Morris, CEO

Phone: (404) 504-7474

Email: jmorris@repayonline.com

 

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.

 

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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, any 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 parties hereto, and any attempted assignment,
without such consents, will be null and void. 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. 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.

 

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.

 

    11

     

    

 

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 any Stockholder or its Affiliate 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]

 

    12

     

    

 

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:	/s/ John A. Morris
	 	Name:	John A. Morris
	 	Title:	Chief Executive Officer

 

 

[Signature Page to Founder
Stockholders Agreement]

 

    

     

    

 

	 	STOCKHOLDERS
	 	 	 
	 	/s/ John A. Morris
	 	John A. Morris
	 	 	 
	 	/s/ Shaler V. Alias
	 	Shaler V. Alias
	 	 	 
	 	The 2018 JAM Family Charitable Trust dated March 1, 2018
	 	 	 
	 	By:	/s/ John Morris
	 	Name: 	John Morris
	 	Title:	Trustee
	 	 	 
	 	JOSEH Holdings, LLC
	 	 
	 	By: 	/s/ John Morris
	 	Name: 	John Morris
	 	Title:	Trustee
	 	 	 
	 	Alias Holdings, LLC
	 	 	 
	 	By: 	/s/ Shaler  Alias
	 	Name: 	Shaler Alias
	 	Title:	President 

  

[Signature Page to Founder Stockholders Agreement]Exhibit 10.6

 

Execution Version

 

REGISTRATION RIGHTS AGREEMENT

 

This Registration Rights
Agreement (as amended from time to time, this “Agreement”) is dated as of July 11, 2019, and is by and
among Repay Holdings Corporation, a Delaware corporation and the successor to Thunder Bridge Acquisition Ltd., a Cayman Islands
exempted company, pursuant to its statutory conversion into a Delaware corporation in accordance with the applicable provisions
of the Companies Law (2018 Revision) of the Cayman Islands (the “Company”), CC Payment Holdings, L.L.C.
and its related vehicles (“Corsair”) and each of the stockholders of the Company identified on the signature
pages hereto (together with Corsair, the “Stockholders”, and individually a “Stockholder”).
References to Corsair include all of its affiliated private equity funds, including co-invest and side-by-side entities, that
hold shares (as defined below). References to Stockholders also include transferees to whom a Stockholder transfers shares and
related rights under this Agreement in accordance with Section 6.1 of this Agreement.

 

WHEREAS, on January 21, 2019, the Company,
TB Acquisition Merger Sub, LLC, a Delaware limited liability company and a wholly-owned subsidiary of the Company (“Merger
Sub”), Hawk Parent Holdings LLC, a Delaware limited liability company (together with any successor thereto, “Hawk”),
and CC Payment Holdings, L.L.C., a Delaware limited liability company, in its capacity as the Company Securityholder Representative
thereunder, entered into that certain Agreement and Plan of Merger (as amended from time to time in accordance with the terms thereof,
the “Merger Agreement”), pursuant to which, among other matters, (i) the Company agreed to convert into
a Delaware corporation, and (ii) Merger Sub merged with and into Hawk, with Hawk continuing as the surviving limited liability
company (the “Merger”) and a subsidiary of the Company, and the members of Hawk holding Class A Units
(as defined below) pursuant to the reclassification of interests in Hawk contemplated thereby, which Class A Units are exchangeable
into shares of Class A Common Stock, par value $0.0001 per share, of the Company (“Class A Common Stock”),
all upon the terms and subject to the conditions set forth in the Merger Agreement and the related ancillary documents.

 

ARTICLE I

 

DEFINITIONS

 

In this Agreement:

 

“Adjustment Escrow Units”
means the Class A Units that are issued at the closing under the Merger Agreement but set aside in escrow and held in accordance
with the terms of the Merger Agreement and the Escrow Agreement (as defined in the Merger Agreement).

 

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

 

“Class A Units”
means (i) each Class A Unit (as such term is defined in the LLC Agreement) issued as of the date hereof and (ii) each Class A
Unit that may be issued by Hawk in the future.

 

     

     

    

 

“Exchange Act” means the Securities
Exchange Act of 1934, as amended.

 

“Founder Registration Rights Agreement”
means that certain Registration Rights Agreement, dated as of June 18, 2018, between the Company and the investors named therein,
as amended as of the date hereof, and as it may be subsequently amended in accordance with the terms thereof.

 

“Founder Securities”
means those securities included in the definition of “Registrable Security” specified in the Founder Registration Rights
Agreement.

 

“LLC Agreement”
means the Second Amended and Restated Limited Liability Company Agreement of Hawk, dated on or about the date hereof, as amended.

 

“Marketed
Underwritten Shelf Takedown” has the meaning assigned thereto in Section 2.4 below.

 

“SEC” means the U.S. Securities
and Exchange Commission.

 

“Securities Act” means the
Securities Act of 1933, as amended.

 

“shares” means (i)
shares of Class A Common Stock issuable by the Company in exchange for the Class A Units, including the Adjustment Escrow Units
upon their release from escrow to the Stockholders in accordance with the Merger Agreement and the Escrow Agreement and any Class
A Units that may be issued in accordance with the Merger Agreement after the consummation of the transactions contemplated by the
Merger Agreement, and (ii) any securities issued in respect thereof, or in substitution therefor, in connection with any exchange,
stock split, dividend or combination, or into which the shares may be converted or exchanged pursuant to any reclassification,
recapitalization, merger, consolidation, sale of all or any part of its assets, corporate conversion or other extraordinary transaction
of the Company held by a Stockholder (whether now held or hereafter acquired).

 

For purposes of this Agreement, securities
will not be considered shares for purposes of this Agreement when:

 

		(a)	a registration statement covering the sale or disposition of such securities has been declared effective under the Securities
Act and such securities have been sold, transferred or disposed of pursuant to such effective registration statement;

 

		(b)	such securities may be sold pursuant to Rule 144 or 145 (or any similar provision then in effect) under the Securities Act,
without limitation thereunder on volume or manner of sale, except, in the case of securities held by a Stockholder, to the extent
that such Stockholder owns 2% or more of the then outstanding shares of Class A Common Stock;

 

		(c)	such securities shall have been transferred in a private transaction in which the transferor’s registration rights under
this Agreement are not assigned to the transferee of the securities; or

 

		(d)	such securities cease to be outstanding.

 

    2

     

    

 

“Support Agreement”
means each of (i) the Company Sponsor Support Agreement, dated on or about the date hereof, by and between Thunder Bridge Acquisition
Ltd. and Corsair, and (ii) the Company Equity Holder Support Agreements, dated on or about the date hereof, by and between Thunder
Bridge Acquisition Ltd. and the Stockholders named therein.

 

“WKSI” means a well-known
seasoned issuer, as defined in Rule 405 under the Securities Act.

 

ARTICLE II

 

DEMAND AND PIGGYBACK RIGHTS

 

2.1 Right to Demand a Non-Shelf Registered
Offering.

 

Subject to the
limitations set forth in this Agreement, upon the written demand of Corsair, made at any time and from time to time, the
Company will facilitate in the manner described in this Agreement an underwritten non-shelf registered offering of the shares
requested by Corsair to be included in such offering. Any demanded non-shelf registered offering may, at the Company’s
option, include securities to be sold by the Company for its own account and will also include shares to be sold by
Stockholders that exercise their related piggyback rights under Section 2.2 on a timely basis in accordance with Section
3.2 hereof, along with securities of any other security holders of the Company with contractual piggyback registration
rights, including the holders of Founder Securities pursuant to the Founder Registration Rights Agreement, in each case,
subject to Section 3.5 hereof. Notwithstanding anything to the contrary contained herein, Corsair shall not be
entitled to make a demand under this Section 2.1 unless it requests to include in such offering shares with an
aggregate offering price of at least $3,000,000 or, if less, all of the shares then owned by Corsair.

 

2.2 Right to Piggyback
on a Non-Shelf Registered Offering. In connection with any registered underwritten offering of Class A Common Stock covered
by a non-shelf registration statement (whether pursuant to the exercise of contractual demand rights by Corsair or any other security
holder of the Company or at the initiative of the Company), each Stockholder may, except as provided in Section 2.6 or
otherwise as prohibited by this Agreement, and subject to Section 3.5, exercise
piggyback rights to have included in such offering shares held by each such Stockholder. The Company will facilitate in the manner
described in this Agreement any such non-shelf registered offering.

 

    3

     

    

 

2.3 Right to be Included in a Shelf
Registration. At the written request of Corsair made at any time and from time to time when the Company is eligible to
utilize Form S-3 or a successor form to sell shares in a secondary offering on a delayed or continuous basis in accordance with
Rule 415 under the Securities Act, the Company will facilitate in the manner described in this Agreement a shelf registration of
shares held by the Stockholders. Any shelf registration statement filed by the Company covering shares (whether pursuant to a Stockholder
demand or at the initiative of the Company) will cover sufficient shares to allow each of the Stockholders to register the same
percentage of their respective holdings as are being registered by Corsair, as applicable. In addition, subject to Section 3.5,
such registration statement may also cover other securities to be sold by the Company or other securities of any other security
holders of the Company with contractual piggyback registration rights, including the holders of Founder Securities pursuant to
the Founder Registration Rights Agreement. If at the time of such request the Company is a WKSI, and subject to Section 3.5, such
shelf registration statement may also cover an unspecified number of shares to be sold by the Stockholders or other securities
to be sold by the Company or other securities of any other security holders of the Company with contractual piggyback registration
rights, including the holders of Founder Securities pursuant to the Founder Registration Rights Agreement. Notwithstanding anything
to the contrary contained herein, Corsair shall not be entitled to make a written request under this Section 2.3 unless
it requests to include in such offering shares with an aggregate value (based on the closing price of Class A Common Shares on
the last trading day immediately prior to delivering such request) of at least $2,000,000 or, if less, all of the shares then owned
by Corsair.

 

2.4 Demand and
Piggyback Rights for Shelf Takedowns. Subject to the limitations set forth in this Agreement, including Section 3.5,
upon the written demand of Corsair made at any time and from time to time, the Company will facilitate in the manner described
in this Agreement a “takedown” of shares off of an effective shelf registration statement filed pursuant to Section
2.3. In connection with any underwritten shelf takedown where the contemplated plan of distribution includes a customary “road
show” or other substantial marketing effort by the Company and the underwriters (a “Marketed Underwritten Shelf
Takedown”) (whether pursuant to the exercise of such demand rights or at the initiative of the Company), the Stockholders
may exercise piggyback rights to have included in such takedown shares held by them that are registered on such shelf registration
statement, as may any other security holders of the Company with contractual piggyback registration rights, including the holders
of Founder Securities pursuant to the Founder Registration Rights Agreement, in each case, subject to Section 3.5.

 

2.5 Right to Reload a Shelf.
Upon the written request of Corsair, the Company will file and seek the effectiveness of a post-effective amendment to an existing
shelf registration statement in order to register up to the number of shares previously taken down off of such shelf registration
statement by each of the Stockholders and not yet “reloaded” onto such shelf registration statement, plus a common
percentage, as specified by Corsair, as applicable, of any additional shares still held by the Stockholders after such “reload.”
Such reload will also, if requested in writing by such other security holders, include a pro rata portion of the securities of
any other security holders of the Company with contractual piggyback registration rights whose securities were included in such
existing shelf registration statement, including the holders of Founder Securities pursuant to the Founder Registration Rights
Agreement. Corsair and the Company will consult and coordinate with each other in order to accomplish such replenishments from
time to time in a sensible manner. Notwithstanding anything to the contrary contained herein, Corsair shall not be entitled to
make a written request under this Section 2.5 unless it requests to include in such post-effective amendment shares with
an aggregate value (based on the closing price of Class A Common Shares on the last trading day immediately prior to delivering
such request) of at least $1,000,000 or, if less, all of the shares then owned by Corsair.

 

    4

     

    

 

2.6 Limitations on Demand and Piggyback Rights

 

(a) Any demand for the filing of a registration
statement or for a registered offering or takedown or any exercise of piggyback rights in connection therewith will be subject
to the constraints of (i) any applicable lockup arrangements, including the lockup restrictions pursuant to the applicable Support
Agreements, and (ii) the escrow provisions with respect to the Adjustment Escrow Shares under the Merger Agreement and the Escrow
Agreement, and such demand (including a demand to exercise piggy-back registration rights) must be deferred until such lockup arrangements
and/or escrow arrangements no longer apply. If a demand has been made for a non-shelf registered offering or for an underwritten
shelf takedown, no further demands may be made so long as the related offering is still being pursued. Notwithstanding anything
in this Agreement to the contrary, the Stockholders will not have piggyback or other registration rights with respect to registered
primary offerings by the Company (i) covered by a Form S-8 registration statement or a successor form applicable to employee benefit-related
offers and sales, (ii) where the securities are not being sold for cash, including securities issued as consideration in an acquisition
covered by a Form S-4, or (iii) where the offering is a bona fide offering of securities other than Class A Common Stock, even
if such securities are convertible into or exchangeable or exercisable for Class A Common Stock. In addition, notwithstanding anything
in this Agreement to the contrary, the Stockholders will not have piggyback rights with respect to any shelf takedown (whether
pursuant to the exercise of demand rights or at the initiative of the Company) that does not constitute a Marketed Underwritten
Shelf Takedown, including, without limitation, any block trade, bought deal or similar transaction.

 

(b) The Company may postpone the filing of
a demanded registration statement or suspend the effectiveness of any shelf registration statement, or defer initiating the process
for a demanded shelf takedown, for a reasonable “blackout period” not in excess of 90 days if the board of directors
of the Company determines that such registration or offering or takedown could materially interfere with a bona fide business or
financing transaction of the Company or is reasonably likely to require premature disclosure of information, the premature disclosure
of which could materially and adversely affect the Company; provided that the Company shall not postpone the filing of a demanded
registration statement or suspend the effectiveness of any shelf registration statement pursuant to this Section 2.6(b) more than
twice in any 360 day period. The blackout period will end upon the earlier to occur of, (i) in the case of a bona fide business
or financing transaction, a date not later than 90 days from the date such deferral commenced, and (ii) in the case of disclosure
of non-public information, the earlier to occur of (x) a date not later than 90 days from the date such deferral commenced, or
(y) the date upon which such information is otherwise disclosed.

 

ARTICLE III

 

NOTICES, CUTBACKS AND OTHER MATTERS

 

3.1 Notifications Regarding Registration
Statements. In order for Corsair to exercise its right to demand that a registration statement be filed, it must so notify
the Company in writing indicating the number of shares sought to be registered and the proposed plan of distribution. The Company
will keep the Stockholders contemporaneously apprised of all pertinent aspects of any registration, whether pursuant to a Stockholder
demand or otherwise, with respect to which a piggyback opportunity is available. Pending any required public disclosure and subject
to applicable legal requirements, the parties will maintain the confidentiality of these discussions.

 

    5

     

    

 

3.2 Notifications Regarding Registration
Piggyback Rights. Any Stockholder wishing to exercise its piggyback rights with respect to a non-shelf registration statement
must notify the Company and the other Stockholders of the number of shares it seeks to have included in such registration statement.
Such notice must be given as soon as practicable, but in no event later than 5:00 pm, New York City time, on the second trading
day prior to (i) if applicable, the date on which the preliminary prospectus intended to be used in connection with pre-effective
marketing efforts for the relevant offering is expected to be finalized, and (ii) in any case, the date on which the pricing of
the relevant offering is expected to occur. No such notice is required in connection with a shelf registration statement, as shares
held by all Stockholders will be included up to the applicable percentage.

 

3.3 Notifications Regarding Demanded Underwritten
Takedowns

 

(a) The Company will keep the Stockholders
contemporaneously apprised of all pertinent aspects of any Marketed Underwritten Shelf Takedown in order that they may have a reasonable
opportunity to exercise their related piggyback rights. Without limiting the Company’s obligation as described in the preceding
sentence, having a reasonable opportunity requires that the Stockholders be notified by the Company of an anticipated Marketed
Underwritten Shelf Takedown (whether pursuant to a demand made by a Stockholder or made at the Company’s own initiative)
no later than 5:00 pm, New York City time, on (i) if applicable, the fifth trading day prior to the date on which the preliminary
prospectus or prospectus supplement intended to be used in connection with pre-pricing marketing efforts for such takedown is finalized,
and (ii) in all cases, the fifth trading day prior to the date on which the pricing of the relevant takedown occurs.

 

(b) Any Stockholder wishing to exercise its
piggyback rights with respect to a Marketed Underwritten Shelf Takedown must notify the Company and the other Stockholders of the
number of shares it seeks to have included in such takedown. Such notice must be given as soon as practicable, but in no event
later than 5:00 pm, New York City time, on (i) if applicable, the first trading day prior to the date on which the preliminary
prospectus or prospectus supplement intended to be used in connection with marketing efforts for the relevant offering is expected
to be finalized, and (ii) in all cases, the first trading day prior to the date on which the pricing of the relevant takedown occurs.

 

(c) Pending any required public disclosure
and subject to applicable legal requirements, the parties will maintain appropriate confidentiality of their discussions regarding
a prospective Marketed Shelf Underwriting Takedown.

 

    6

     

    

 

3.4 Plan of Distribution, Underwriters
and Counsel. If a majority of the securities proposed to be sold in an underwritten offering through a non-shelf registration
statement or through a shelf takedown is being sold by the Company for its own account and/or on behalf of other security holders
of the Company other than Stockholders (for clarity, excluding securities to be sold by the Company for its own account to the
extent the proceeds from such sale will be used to purchase Class A Units from Stockholders), the Company (or such other security
holders of the Company if they are otherwise entitled to pursuant to contractual registration rights) will be entitled to determine
the plan of distribution and select the managing underwriters for such offering. Otherwise, Stockholders holding a majority of
the shares requested to be included in such offering, having consulted with the other Stockholders, will be entitled to determine
the plan of distribution and select the managing underwriters, and such Stockholders will also be entitled to select a common counsel
for the selling Stockholders (which may be the same as counsel for the Company). In the case of a shelf registration statement,
the plan of distribution will provide as much flexibility as is reasonably possible, including with respect to resales by transferee
Stockholders.

 

3.5 Cutbacks. If the managing
underwriters advise the Company and the selling Stockholders that, in their opinion, the number of securities requested to be included
in an underwritten offering, together with the securities requested by other security holders with contractual registration rights,
including the rights of holders of Founder Securities under the Founder Registration Rights Agreement, exceeds the amount that
can be sold in such offering without adversely affecting the distribution of the securities being offered, such offering will include
only the number of securities that the underwriters advise can be sold in such offering. If the underwritten offering is requested
by Corsair, the selling Stockholders will have first priority over securities that the Company desires to sell for its own account
or securities of any other security holders of the Company with contractual piggyback registration rights, including the holders
of Founder Securities pursuant to the Founder Registration Rights Agreement, and such selling Stockholders will be subject to cutback
pro rata based on the aggregate number of shares initially requested by the selling Stockholders to be included in such offering,
without distinguishing between Stockholders based on who made the demand for such offering. If the underwritten offering is one
initiated by the Company or any other security holders of the Company exercising contractual demand registration rights, including
the holders of Founder Securities pursuant to the Founder Registration Rights Agreement, and was not requested by Corsair, then
the Company or such demanding security holders, as applicable, will have first priority in such offering; to the extent of any
remaining capacity, the selling Stockholders and other security holders of the Company exercising contractual piggyback registration
rights to participate in such offering, including the holders of Founder Securities under the Founder Registration Rights Agreement,
if applicable, will be subject to cutback pro rata based on the aggregate number of securities initially requested by the selling
Stockholders and such other security holders to be included in such offering. Subject to Section 6.1(b), securities held
by other selling holders who are not Stockholders or otherwise have contractual registration rights with the Company, including
the holders of Founder Securities under the Founder Registration Rights Agreement, will be included in an underwritten offering
only with the consent of Stockholders holding a majority of the shares being sold in such offering.

 

3.6 Withdrawals. Even if shares
held by a Stockholder have been part of a registered underwritten offering, such Stockholder may, no later than the time at which
the public offering price and underwriters’ discount are determined with the managing underwriter, decline to sell all or
any portion of the shares being offered for its account; provided that if the underwriters reasonably determine that such withdrawal
would materially delay the registration or require a recirculation of the prospectus, then such Stockholder shall have no right
to withdraw except, (x) in the case of a demand registration exercised by Corsair pursuant to this Agreement, with the consent
of Stockholders representing a majority of the shares initially requested to be sold, (y) in the case of an underwritten offering
initiated by the Company, with the consent of the Company or (z) in the case of a demand registration exercised by any other security
holders of the Company other than Stockholders exercising contractual demand registration rights, including the holders of Founder
Securities pursuant to the Founder Registration Rights Agreement, the consent of such other demanding security holders (by holders
of a majority of the securities held by such demanding security holders).

 

    7

     

    

 

3.7 Lockups. In connection with
any underwritten offering of shares, the Company and each Stockholder will agree (in the case of Stockholders, with respect to
shares respectively held by them) to be bound by the underwriting agreement’s lockup restrictions (which must apply in like
manner to all of them) that are agreed to (a) if the underwritten offering was requested by a Stockholder, by the Stockholder who
made such request, or (b) if the underwritten offering was not requested by a Stockholder, by the Company. Pending execution and
delivery of the relevant underwriting agreement, upon being notified of a proposed or requested underwritten offering with respect
to which the piggyback rights described in this Agreement will apply, the Stockholders will immediately be bound by the lockup
restrictions set forth in any applicable Support Agreements as though such restrictions were then applicable for so long as the
proposed offering or requested offering is being pursued. The Company shall cause its directors, executive officers and any other
officers under Rule 16a-1(f) under the Exchange Act and shall use reasonable efforts to cause other holders of shares who beneficially
own any of the shares participating in such offering, to enter into lockup restrictions that are no less restrictive than the restrictions
contained in the lockup restrictions applicable to the Stockholders.

 

3.8 Expenses. All expenses incurred
in connection with any registration statement or registered offering covering shares held by Stockholders, including, without limitation,
all registration and filing fees, printing expenses, fees and disbursements of counsel (including the reasonable fees and disbursements
of a single outside counsel firm for Stockholders) and of the independent certified public accountants, and the expense of qualifying
such shares under state blue sky laws, will be borne by the Company. However, underwriters’, brokers’ and dealers’
discounts and commissions applicable to shares sold for the account of a Stockholder will be borne by such Stockholder.

 

ARTICLE IV

 

FACILITATING REGISTRATIONS AND OFFERINGS

 

4.1 General.
If the Company becomes obligated under this Agreement to facilitate a registration and offering of shares on behalf of Stockholders,
the Company will do so with the same degree of care and dispatch as would reasonably be expected in the case of a registration
and offering by the Company of shares for its own account. Without limiting this general obligation, the Company will fulfill
its specific obligations as described in this ARTICLE IV.

 

    8

     

    

 

4.2 Registration Statements.
In connection with each registration statement that is demanded by Stockholders or as to which piggyback rights otherwise apply,
the Company will:

 

(a) (i) prepare and file with the SEC a registration
statement covering the applicable shares, (ii) file pre- and post-effective amendments thereto as warranted, (iii) seek the effectiveness
thereof and use commercially reasonable efforts to cause such registration statement to remain effective, or file a replacement
registration statement, until the shares covered such registration statement are sold and (iv) file with the SEC prospectuses and
prospectus supplements as may be required, all in consultation with the selling Stockholders and as reasonably necessary in order
to permit the offer and sale of the such shares in accordance with the applicable plan of distribution;

 

(b) (1) within a reasonable time prior to
the filing of any registration statement, any prospectus, any amendment to a registration statement, amendment or supplement to
a prospectus or any free writing prospectus, provide copies of such documents to the selling Stockholders and to the underwriter
or underwriters of an underwritten offering, if applicable, and to their respective counsel; fairly consider such reasonable changes
in any such documents prior to or after the filing thereof as the counsel to the Stockholders or the underwriter or the underwriters
may request; and make such of the representatives of the Company as shall be reasonably requested by the selling Stockholders or
any underwriter available for discussion of such documents;

 

(2) within a reasonable time prior to the
filing of any document which is to be incorporated by reference into a registration statement or a prospectus, provide copies of
such document to counsel for the Stockholders and underwriters; fairly consider such reasonable changes in such document prior
to or after the filing thereof as counsel for such Stockholders or such underwriter shall request; and make such of the representatives
of the Company as shall be reasonably requested by such counsel available for discussion of such document;

 

(c) use commercially reasonable efforts to
cause each registration statement and the related prospectus and any amendment or supplement thereto, as of the effective date
of such registration statement, amendment or supplement and during the distribution of the registered shares (x) to comply in all
material respects with the requirements of the Securities Act and the rules and regulations of the SEC and (y) not to contain any
untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements
therein not misleading;

 

(d) notify each Stockholder promptly, and,
if requested by such Stockholder, confirm such advice in writing, (i) when a registration statement has become effective and when
any post-effective amendments and supplements thereto become effective if such registration statement or post-effective amendment
is not automatically effective upon filing pursuant to Rule 462 under the Securities Act, (ii) of receipt by the Company of any
comments by the SEC with respect to such registration statement or prospectus or any amendment or supplement thereto or any request
by the SEC for amending or supplementing thereof or for additional information with respect thereto, (iii) of the issuance by the
SEC or any state securities authority of any stop order, injunction or other order or requirement suspending the effectiveness
of a registration statement or the initiation of any proceedings for that purpose, (iv) if, between the effective date of a registration
statement and the closing of any sale of securities covered thereby pursuant to any agreement to which the Company is a party,
the representations and warranties of the Company contained in such agreement cease to be true and correct in all material respects
or if the Company receives any notification with respect to the suspension of the qualification of the shares for sale in any jurisdiction
or the initiation of any proceeding for such purpose, and (v) of the happening of any event during the period a registration statement
is effective as a result of which such registration statement or the related Prospectus contains any untrue statement of a material
fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading;

 

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(e) furnish counsel for each underwriter,
if any, and for the Stockholders copies of any correspondence with the SEC or any state securities authority relating to the registration
statement or prospectus;

 

(f) otherwise use commercially reasonable
efforts to comply with all applicable rules and regulations of the SEC, including, if required, making available to its security
holders an earnings statement covering at least 12 months which shall satisfy the provisions of Section 11(a) of the Securities
Act and Rule 158 thereunder (or any similar provision then in force); and

 

(g) use commercially reasonable efforts to
obtain the withdrawal of any order suspending the effectiveness of a registration statement at the earliest possible time.

 

4.3 Non-Shelf Registered Offerings and
Shelf Takedowns. In connection with any non-shelf registered offering or shelf takedown that is demanded by Stockholders
or as to which piggyback rights otherwise apply, the Company will:

 

(a) cooperate with the selling Stockholders
offering shares and the sole underwriter or managing underwriter of an underwritten offering shares, if any, to facilitate the
timely preparation and delivery of certificates representing the shares to be sold and not bearing any restrictive legends; and
enable such shares to be in such denominations (consistent with the provisions of the governing documents thereof) and registered
in such names as the selling Stockholders or the sole underwriter or managing underwriter of an underwritten offering of shares,
if any, may reasonably request at least three days prior to any sale of such shares;

 

(b) furnish to each Stockholder and to each
underwriter, if any, participating in the relevant offering, without charge, as many copies of the applicable prospectus, including
each preliminary prospectus, and any amendment or supplement thereto and such other documents as such Stockholder or underwriter
may reasonably request in order to facilitate the public sale or other disposition of the shares; the Company hereby consents to
the use of the prospectus, including each preliminary prospectus, by each such Stockholder and underwriter in connection with the
offering and sale of the shares covered by the prospectus or the preliminary prospectus;

 

(c) (i) use commercially reasonable efforts
to register or qualify the shares being offered and sold, no later than the time the applicable registration statement becomes
effective, under all applicable state securities or “blue sky” laws of such jurisdictions as each underwriter, if any,
or any Stockholder holding shares covered by a registration statement, shall reasonably request; (ii) use commercially reasonable
efforts to keep each such registration or qualification effective during the period such registration statement is required to
be kept effective; and (iii) do any and all other commercially reasonable acts and things which may be reasonably necessary or
advisable to enable each such underwriter, if any, and Stockholder to consummate the disposition in each such jurisdiction of such
shares owned by such Stockholder; provided, however, that the Company shall not be obligated to qualify as a foreign
entity or as a dealer in securities in any jurisdiction in which it is not so qualified or to consent to be subject to general
service of process (other than service of process in connection with such registration or qualification or any sale of shares in
connection therewith) in any such jurisdiction;

 

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(d) use commercially reasonable efforts to
cause all shares being sold to be qualified for inclusion in or listed on The New York Stock Exchange, the Nasdaq Global Market
or any securities exchange on which Class A Common Stock issued by the Company is then so qualified or listed if so requested by
the Stockholders, or if so requested by the underwriter or underwriters of an underwritten offering of shares, if any;

 

(e) cooperate and assist in any filings required
to be made with the Financial Industry Regulatory Authority and in the performance of any due diligence investigation by any underwriter
in an underwritten offering;

 

(f) use commercially reasonable efforts to
facilitate the distribution and sale of any shares to be offered pursuant to this Agreement, including without limitation by making
road show presentations, making its employees and personnel reasonably available for participation in meetings with and making
calls to potential investors and other marketing efforts and taking such other commercially reasonable actions as shall be reasonably
requested by the Stockholders or the lead managing underwriter of an underwritten offering; and

 

(g) enter into customary agreements (including,
in the case of an underwritten offering, underwriting agreements in customary form, and including provisions with respect to indemnification
and contribution in customary form and consistent with the provisions relating to indemnification and contribution contained herein)
and take all other reasonable, customary and appropriate actions in order to expedite or facilitate the disposition of such shares
and in connection therewith:

 

(i) make such representations and warranties to the
selling Stockholders and the underwriters, if any, in form, substance and scope as are customarily made by issuers to underwriters
in similar underwritten offerings;

 

(ii) obtain opinions of counsel to the Company and
updates thereof (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the lead managing
underwriter, if any) addressed to each selling Stockholder and the underwriters, if any, covering the matters customarily covered
in opinions requested in sales of securities or underwritten offerings and such other matters as may be reasonably requested by
such underwriters;

 

(iii) obtain comfort letters and updates thereof from
the Company’s independent certified public accountants addressed to the selling Stockholders, if permissible, and the underwriters,
if any, which letters shall be customary in form and shall cover matters of the type customarily covered in comfort letters to
underwriters in connection with primary underwritten offerings; and

 

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(iv) to the extent requested and customary for the
relevant transaction, enter into a securities sales agreement with the Stockholders providing for, among other things, the appointment
of such representative as agent for the selling Stockholders for the purpose of soliciting purchases of shares, which agreement
shall be customary in form, substance and scope and shall contain customary representations, warranties and covenants.

 

The above shall be done at such times as customarily occur in
similar registered offerings or shelf takedowns.

 

4.4 Due Diligence. In connection
with each registration and offering of shares to be sold by Stockholders, the Company will, in accordance with customary practice,
make available for inspection by representatives of the Stockholders and underwriters and any counsel or accountant retained by
such Stockholder or underwriters all relevant financial and other records, pertinent corporate documents and properties of the
Company and cause appropriate officers, managers and employees of the Company to supply all information reasonably requested by
any such representative, underwriter, counsel or accountant in connection with their due diligence exercise, subject to customary
confidentiality undertakings (provided, that the Company shall not be required to provide any information the disclosure of which
could jeopardize legal privilege).

 

4.5 Cooperation from Stockholders.

 

(a) Each Stockholder that holds shares covered
by any registration statement will furnish to the Company such information regarding itself as is required to be included in the
registration statement, the ownership of shares by such Stockholder and the proposed distribution by such Stockholder of such shares
as the Company may from time to time reasonably request in writing.

 

(b) (i) Upon exercising its piggyback rights
pursuant to Section 2.2 or Section 2.4, a Stockholder will, when requested by the Company, execute and deliver a customary custody
agreement and power of attorney in form and substance reasonably satisfactory to the Company with respect to such Stockholder’s
shares to be offered pursuant thereto (a “Custody Agreement and Power of Attorney”). The Custody Agreement
and Power of Attorney will provide, among other things, that such Stockholder exercising piggyback rights will deliver to and deposit
in custody with the custodian and attorney-in-fact named therein a certificate or certificates representing such shares (duly endorsed
in blank by the registered owner or owners thereof or accompanied by duly executed stock powers in blank), if such shares are certificated,
and irrevocably appoint said custodian and attorney-in-fact with full power and authority to act under the Custody Agreement and
Power of Attorney on such Stockholder’s behalf with respect to the matters specified therein, and each Stockholder agrees
to execute such other agreements as the Company may reasonably request to further evidence the provisions of this paragraph.

 

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(ii) In addition, no Stockholder may exercise
piggyback rights and participate in any underwritten registration pursuant to Section 2.2 or 2.4 unless such Stockholder (x) agrees
to sell such holder’s shares on the basis provided in any underwriting arrangements approved by (A) Corsair in the case of
an underwritten registration pursuant to a demand by Corsair, (B) by the Company in the case of an underwritten registration initiated
by the Company or (C) in the case of an underwritten registration pursuant to a demand by any other security holders of the Company
exercising contractual demand registration rights, including the holders of Founder Securities pursuant to the Founder Registration
Rights Agreement, by such demanding security holders (by holders of a majority of the securities held by such demanding security
holders), and (y) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other
documents required under the terms of such underwriting arrangements.

 

ARTICLE V

 

INDEMNIFICATION

 

5.1 Indemnification by the Company.
In the event of any registration under the Securities Act by any registration statement pursuant to rights granted in this Agreement
of shares held by Stockholders, the Company will hold harmless Stockholders and each underwriter of such securities and each other
person, if any, who controls any Stockholder or such underwriter within the meaning of the Securities Act, against any losses,
claims, damages, or liabilities (including reasonable out-of-pocket legal fees and costs of court), joint or several, to which
Stockholders or such underwriter or controlling person may become subject under the Securities Act or otherwise, insofar as such
losses, claims, damages, or liabilities (or any actions in respect thereof) arise out of or are based upon any untrue statement
or alleged untrue statement of any material fact (i) contained, on its effective date, in any registration statement under which
such securities were registered under the Securities Act or any amendment or supplement to any of the foregoing, or which arise
out of or are based upon the omission or alleged omission to state a material fact required to be stated therein or necessary to
make the statements therein not misleading or (ii) contained in any preliminary prospectus, if used prior to the effective date
of such registration statement, or in the final prospectus (as amended or supplemented if the Company shall have filed with the
SEC any amendment or supplement to the final prospectus), or any form of prospectus or in any amendment or supplement thereto,
or which arise out of or are based upon the omission or alleged omission (if so used) to state a material fact required to be stated
in such prospectus or necessary to make the statements in such prospectus not misleading; and will reimburse Stockholders and each
such underwriter and each such controlling person for any legal or any other expenses reasonably incurred by them in connection
with investigating or defending any such loss, claim, damage, or liability; provided, however, that the Company shall not be liable
to any Stockholder or its underwriters or controlling persons in any such case to the extent that any such loss, claim, damage,
or liability arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission made
in such registration statement or such amendment or supplement, in reliance upon and in conformity with information furnished to
the Company in writing by such Stockholder or such underwriters specifically regarding such Stockholder or such underwriters, as
applicable, for use in the preparation thereof.

 

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5.2 Indemnification
by Stockholders. Each Stockholder will indemnify and hold harmless (in the same manner and to the same extent as set forth
in Section 5.1) the Company, each director of the Company, each officer of the Company who shall sign the registration
statement, and any person who controls the Company within the meaning of the Securities Act, (i) with respect to any statement
or omission from such registration statement, or any amendment or supplement to it, if such statement or omission was made in
reliance upon and in conformity with information furnished to the Company in writing by such Stockholder specifically regarding
such Stockholder for use in the preparation of such registration statement or amendment or supplement, and (ii) with respect to
compliance by Stockholders with applicable laws in effecting the sale or other disposition of the securities covered by such registration
statement. In no event shall the liability of any Stockholder hereunder be greater in amount than the dollar amount of the net
proceeds received by such Stockholder upon the sale of the shares effected pursuant to such registration statement giving rise
to such losses, claims, damages, liabilities or expenses.

 

5.3 Indemnification
Procedures. Promptly after receipt by an indemnified party of notice of the commencement of any action involving a claim
referred to in the preceding Sections of this ARTICLE V, the indemnified party will, if a resulting claim is to be made
or may be made against and indemnifying party, give written notice to the indemnifying party of the commencement of the action.
The failure of any indemnified party to give notice shall not relieve the indemnifying party of its obligations in this ARTICLE
V, except to the extent that the indemnifying party is actually prejudiced by the failure to give notice. If any such action
is brought against an indemnified party, the indemnifying party will be entitled to participate in and to assume the defense of
the action with counsel reasonably satisfactory to the indemnified party, and after notice from the indemnifying party to such
indemnified party of its election to assume defense of the action, the indemnifying party will not be liable to such indemnified
party for any legal or other expenses incurred by the latter in connection with the action’s defense. An indemnified party
shall have the right to employ separate counsel in any action or proceeding and participate in the defense thereof, but the fees
and expenses of such counsel shall be at such indemnified party’s expense unless (a) the employment of such counsel has
been specifically authorized in writing by the indemnifying party, which authorization shall not be unreasonably withheld, (b)
the indemnifying party has not assumed the defense and employed counsel within 20 days after notice of any such action or proceeding,
or (c) the named parties to any such action or proceeding (including any impleaded parties) include the indemnified party and
the indemnifying party and the indemnified party shall have been advised by such counsel that there may be one or more legal defenses
available to the indemnified party that are different from or additional to those available to the indemnifying party (in which
case the indemnifying party shall not have the right to assume the defense of such action or proceeding on behalf of the indemnified
party), it being understood, however, that the indemnifying party shall not, in connection with any one such action or separate
but substantially similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances,
be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to all local counsel which
is necessary, in the good faith opinion of both counsel for the indemnifying party and counsel for the indemnified party in order
to adequately represent the indemnified parties) for the indemnified party and that all such fees and expenses shall be reimbursed
as they are incurred upon written request and presentation of invoices. Whether or not a defense is assumed by the indemnifying
party, the indemnifying party will not be subject to any liability for any settlement made without its consent. No indemnifying
party will consent to entry of any judgment or enter into any settlement which (i) does not include as an unconditional term the
giving by the claimant or plaintiff, to the indemnified party, of a release from all liability in respect of such claim or litigation
or (ii) involves the imposition of equitable remedies or the imposition of any non-financial obligations on the indemnified party
(in each case other than customary confidentiality obligations).

 

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5.4 Contribution.
If the indemnification required by this ARTICLE V from the indemnifying party is unavailable to or insufficient to hold
harmless an indemnified party in respect of any indemnifiable losses, claims, damages, liabilities, or expenses, then the indemnifying
party shall contribute to the amount paid or payable by the indemnified party as a result of such losses, claims, damages, liabilities,
or expenses in such proportion as is appropriate to reflect (i) the relative benefit of the indemnifying and indemnified parties
and (ii) if the allocation in clause (i) is not permitted by applicable law, in such proportion as is appropriate to reflect the
relative benefit referred to in clause (i) and also the relative fault of the indemnified and indemnifying parties, in connection
with the actions which resulted in such losses, claims, damages, liabilities, or expenses, as well as any other relevant equitable
considerations. The relative fault of the indemnifying party and the indemnified party shall be determined by reference to, among
other things, whether any action in question, including any untrue or alleged untrue statement of a material fact, has been made
by, or relates to information supplied by, such indemnifying party or parties, and the parties’ relative intent, knowledge,
access to information, and opportunity to correct or prevent such action. The amount paid or payable by a party as a result of
the losses, claims, damage, liabilities, and expenses referred to above shall be deemed to include any out-of-pocket legal or
other fees or expenses reasonably incurred by such party in connection with any investigation or proceeding. The Company and the
Stockholders agree that it would not be just and equitable if contribution pursuant to this Section 5.4 were determined
by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred
to in the prior provisions of this Section 5.4.

 

Notwithstanding anything in this Section
5.4 to the contrary, no Stockholder shall be required to contribute any amount in excess of the net proceeds received by such Stockholder
from the sale of the shares in the offering to which the losses, claims, damages, liabilities and expenses of the indemnified parties
relate less the amount of any indemnification payment made by such Stockholder pursuant to Section 5.2. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person
who was not guilty of such a fraudulent misrepresentation.

 

ARTICLE VI

 

OTHER AGREEMENTS

 

6.1 Transfer of Rights; No Inconsistent Agreements;
Additional Rights.

 

(a) Any Stockholder may transfer all or any
portion of its rights under this Agreement to any transferee of shares or Class A Units held by such Stockholder, which transfer
is otherwise permissible under the governing documents of the Company (or, in the case of a transfer of Class A Units, the governing
documents of Hawk Parent Holdings LLC). Any such transfer of registration rights will be effective upon receipt by the Company
of (i) written notice from such Stockholder stating the name and address of any transferee and identifying the number of shares
or Class A Units with respect to which rights under this Agreement are being transferred and the nature of the rights so transferred,
and (ii) a written agreement from such transferee to be bound by the terms of this Agreement as a Stockholder hereunder. However,
if such transferees are receiving Class A Units or shares through an in-kind distribution with an ability to resell shares from
a shelf registration statement, no such written agreement is required, and such in-kind transferees will, as transferee Stockholders,
be entitled as third party beneficiaries to the rights under this Agreement so transferred. In that regard, in-kind transferees
will not be given demand or piggyback rights; rather, their means of registered resale will be limited to sales from a shelf registration
statement with respect to which no special actions are required by the Company or the other Stockholders. The Company and the transferring
Stockholder will notify the other Stockholders as to who the transferees are and the nature of the rights so transferred.

 

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(b) The Company has not entered into any agreement
with respect to its securities which is inconsistent with the rights granted to the Stockholders in this Agreement. The Company
shall not, without the prior written consent of Corsair (not to be unreasonably withheld, delayed or conditioned), enter into any
agreement with any holder or prospective holder of any securities of the Company giving such holder or prospective holder any registration
rights, unless such rights are pari passu with or subordinate to those of the Stockholders.

 

(c) In the event the Company engages in a
merger or consolidation in which the shares are converted into securities of another company, appropriate arrangements will be
made so that the registration rights provided under this Agreement continue to be provided to Stockholders by the issuer of such
securities. To the extent such new issuer, or any other company acquired by the Company in a merger or consolidation, was bound
by registration rights obligations that would conflict with the provisions of this Agreement, the Company will, unless Stockholders
then holding a majority of the shares otherwise agree, use its commercially reasonable efforts to modify any such “inherited”
registration rights obligations so as not to interfere in any material respects with the rights provided under this Agreement.

 

(d) 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 any 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 registration rights agreement with each such Stockholder that provides each such Stockholder
with registration rights vis-á-vis such NewCo that are substantially identical to those set forth in this Agreement.

 

6.2 Limited Liability. Notwithstanding
any other provision of this Agreement, neither the members, general partners, limited partners or managing directors, or any directors
or officers of any members, general or limited partner, advisory director, nor any future members, general partners, limited partners,
advisory directors, or managing directors, if any, of any Stockholder shall have any personal liability for performance of any
obligation of such Stockholder under this Agreement in excess of the respective capital contributions of such members, general
partners, limited partners, advisory directors or managing directors to such Stockholder.

 

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6.3 Rule 144. If the Company
is subject to the requirements of Section 13, 14 or 15(d) of the Exchange Act, the Company covenants that it will file any reports
required to be filed by it under the Securities Act and the Exchange Act (or, if the Company is subject to the requirements of
Section 13, 14 or 15(d) of the Exchange Act but is not required to file such reports, it will, upon the request of any Stockholder,
make publicly available such information) and it will take such further action as any Stockholder may reasonably request in writing,
so as to enable such Stockholder to sell shares without registration under the Securities Act within the limitation of the exemptions
provided by (a) Rule 144 under the Securities Act, as such Rule may be amended from time to time, or (b) any similar rule or regulation
hereafter adopted by the SEC. Upon the written request of any Stockholder, the Company will deliver to such Stockholder a written
statement as to whether it has complied with such requirements.

 

6.4 In-Kind Distributions. If
any Stockholder seeks to effectuate an in-kind distribution of all or part of its shares to its direct or indirect equityholders,
the Company will, subject to applicable lockups and escrow restrictions, work with such Stockholder and the Company’s transfer
agent to facilitate such in-kind distribution in the manner reasonably requested by such Stockholder, subject to applicable legal
and regulatory requirements.

 

ARTICLE VII

 

MISCELLANEOUS

 

7.1 Notices. All notices, requests,
demands and other communications required or permitted hereunder shall be made in writing by hand-delivery, registered first-class
mail (postage prepaid, return receipt requested), fax or reputable nationally recognized overnight courier guaranteeing delivery:

 

(a) If to the Company, to the
address of its principal executive offices; and

 

(b) If to any Stockholder, at such Stockholder’s
address as set forth in the Company’s records.

 

All such notices, requests, demands and other
communications shall be deemed to have been duly given: at the time of delivery by hand, if personally delivered; three (3) Business
Days after being deposited in the mail, postage prepaid, return receipt requested, if mailed domestically in the United States
(and five (5) Business Days if mailed internationally); when receipt is affirmative acknowledged, if sent by facsimile; and on
the Business Day for which delivery is guaranteed, if timely delivered to a reputable nationally recognized overnight courier guaranteeing
such delivery.

 

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7.2 Interpretation. The article
and section headings in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this
Agreement. References in this Agreement to a designated “Article” or “Section” refer to an Article or Section
of this Agreement unless otherwise specifically indicated. In this Agreement, unless the context otherwise requires: (i) any pronoun
used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns
and verbs shall include the plural and vice versa; (ii) “including” (and with correlative meaning “include”)
means including without limiting the generality of any description preceding or succeeding such term and shall be deemed in each
case to be followed by the words “without limitation”; and (iii) the words “herein,” “hereto,”
and “hereby” and other words of similar import in this Agreement shall be deemed in each case to refer to this Agreement
as a whole and not to any particular section or other subdivision of this Agreement. The parties have participated jointly in the
negotiation and drafting of this Agreement. Consequently, in the event an ambiguity or question of intent or interpretation arises,
this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise
favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement

 

7.3 Governing Law. This Agreement
shall be governed by and construed in accordance with the laws of the State of New York.

 

7.4 Waiver of Jury Trial. Each
of the parties hereto hereby irrevocably waives any and all right to trial by jury in any legal proceeding arising out of or related
to this Agreement or the transactions contemplated hereby.

 

7.5 Consent to Jurisdiction and Service
of Process. The parties to this Agreement hereby agree to submit to the jurisdiction of the courts of the State of New
York, the courts of the United States of America for the Southern District of New York, and appellate courts from any thereof in
any action or proceeding arising out of or relating to this Agreement.

 

7.6 Amendments;
Waivers. This Agreement may be amended, or any provision hereof waived, only by an instrument in writing executed by the
Company, Corsair and holders of a majority of the aggregate number shares held by the Stockholders; provided, that no amendment
or waiver may materially, disproportionately and adversely affect the rights of a Stockholder without the consent of such Stockholder
(or, if there is more than one such Stockholder that is so affected, without the consent of a majority in interest of such affected
Stockholders in accordance with their holding of shares). Except with respect to any indemnification or contribution rights or
obligations under ARTICLE V, which shall survive, this Agreement will terminate as to any Stockholder when it no longer
holds any shares. No failure or delay by a party in exercising any right hereunder shall operate as a waiver thereof. No waivers
of or exceptions to any term, condition, or provision of this Agreement, in any one or more instances, shall be deemed to be or
construed as a further or continuing waiver of any such term, condition, or provision.

 

7.7 Entire Agreement. This Agreement
constitutes the entire agreement and understanding of the parties with respect to the transactions contemplated hereby. The registration
rights granted under this Agreement supersede any registration, qualification or similar rights with respect to any of the shares
or Class A Units granted to the Stockholders under any other agreement, and any of such preexisting registration rights are hereby
terminated.

 

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7.8 Severability. The invalidity
or unenforceability of any specific provision of this Agreement shall not invalidate or render unenforceable any of its other provisions.
Any provision of this Agreement held invalid or unenforceable shall be deemed reformed, if practicable, to the extent necessary
to render it valid and enforceable and to the extent permitted by law and consistent with the intent of the parties to this Agreement.

 

7.9 Counterparts. This Agreement
may be executed in multiple counterparts, including by means of facsimile, each of which shall be deemed an original, but all of
which together shall constitute the same instrument.

 

7.10 Termination of Merger Agreement.
This Agreement shall be binding upon each party upon such party’s execution and delivery of this Agreement, but this Agreement
shall only become effective upon the closing of the transactions contemplated by the Merger Agreement. In the event that the Merger
Agreement is validly terminated in accordance with its terms prior to such closing, this Agreement shall automatically terminate
and become null and void and be of no further force or effect, and the parties shall have no obligations hereunder.

 

[Remainder of page intentionally left
blank. Signature page follows.]

 

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IN WITNESS WHEREOF, the parties have caused
this Registration Rights Agreement to be executed and delivered as of the date first written above.

 

	 	COMPANY:
	 	 
	 	REPAY HOLDINGS CORPORATION

 

	 	By:	/s/ John A. Morris
	 	 	Name: John A. Morris
	 	 	Title: Chief Executive Officer

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	STOCKHOLDERS:
	 	 
	 	CC PAYMENT HOLDINGS, L.L.C.

 

	 	By:	/s/ D.T. Ignacio Jayanti
	 	Name:	D.T. Ignacio Jayanti
	 	Title:	Managing Partner

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ John Morris
	 	Name:	JOSEH Holdings, LLC

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ John Morris
	 	Name:	The 2018 JAM Family Charitable Trust dated March 1, 2018

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Shaler Alias
	 	Name:	Alias Holdings, LLC

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Andrew Alias
	 	Name:	Winstead Capital, LLC

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Timothy Murphy
	 	Name:	The Murphy Family Irrevocable Trust U/A/D December 31, 2018

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Kristen Merrill
	 	Name:	Kristen Merrill

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Jason Kirk
	 	Name:	Jason Kirk

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Susan Perlmutter
	 	Name:	Susan Perlmutter

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Mike Jackson
	 	Name:	Mike Jackson

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ John Morris
	 	Name:	John Morris

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Shaler Alias
	 	Name:	Shaler Alias

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Andrew Alias
	 	Name:	Andrew Alias

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Pamela Hendee
	 	Name:	Pamela Hendee

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Aaron Clark
	 	Name:	Aaron Clark

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Aaron Snow
	 	Name:	Aaron Snow

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Sara Finch
	 	Name:	Sara Finch

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Kristen Hoyman
	 	Name:	Kristen Hoyman

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Kiera Williams
	 	Name:	Kiera Williams

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Allen Craig
	 	Name:	Allen Craig

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Jake Moore
	 	Name:	Jake Moore

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ William Jacobs
	 	Name:	William Jacobs

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Chris Arnette
	 	Name:	Chris Arnette

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Welma Baer
	 	Name:	Welma Baer

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Jennifer Ferguson
	 	Name:	Jennifer Ferguson

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Clint Shuman
	 	Name:	Clint Shuman

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ James Triphahn
	 	Name:	James Triphahn

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ James Choca
	 	Name:	James Choca

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Matthew Tomeo
	 	Name:	Matthew Tomeo

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Christina Bracken
	 	Name:	Christina Bracken

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ David Borosak
	 	Name:	David Borosak

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/ Noel Carey
	 	Name:	Noel Carey

 

[Signature Page – Registration
Rights Agreement]

 

     

     

    

 

	 	By:	/s/
    Kelsey Mitchell
	 	Name:	Kelsey Mitchell

 

[Signature Page – Registration
Rights Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}]]