Document:

Exhibit 10.29

 

EMPLOYMENT
AGREEMENT

 

THIS
EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of January 21, 2019, by and between
M & A Ventures, LLC, a Georgia limited liability company d/b/a “Realtime Electronic Payments” (the “Company”);
and Mike Jackson, a resident of the State of Georgia (“Executive”).

 

RECITALS:

 

WHEREAS,
the Company is an indirect wholly-owned subsidiary of Hawk Parent Holdings LLC, a Delaware limited liability company (“Hawk”);

 

WHEREAS,
pursuant to and subject to the terms and conditions of that certain Agreement and Plan of Merger, dated as of the date hereof
(the “Merger Agreement”), by and among Thunder Bridge Acquisition Ltd. a Cayman Islands exempted company (together
with its successors, “Parent”), TB Acquisition Merger Sub LLC, a Delaware limited liability company and wholly-owned
subsidiary of Parent (“Merger Sub”), Hawk, and, solely in its capacity as the Company Securityholder Representative
(as defined in the Merger Agreement), CC Payment Holdings, L.L.C., a Delaware limited liability company, Merger Sub will merge
with and into Hawk, with Hawk, as the surviving limited liability company, becoming a majority-owned subsidiary of Parent;

 

WHEREAS,
this Agreement is conditioned upon, and shall become effective immediately following, the closing of the transactions (the
“Effective Date”) contemplated in the Merger Agreement (the “Transaction”);

 

WHEREAS, Executive
is currently employed by the Company and previously entered into an Employment Agreement with the Company dated as of November
1, 2016 (the “Prior Agreement”); and

 

WHEREAS,
as of the Effective Date, Parent desires that the Company continue to employ Executive, and Executive desires to continue
to be employed by the Company, all in accordance with the terms and subject to the conditions provided herein.

 

NOW,
THEREFORE, in consideration of the foregoing and of the respective covenants and agreements of the parties herein contained,
the parties hereto, intending to be legally bound hereby, agree as follows:

 

1. Employment.
As of the Effective Date, the Company shall continue to employ
Executive, and Executive hereby agrees to serve the Company, on the terms and conditions set forth herein. The term of this Agreement
shall commence on the Effective Date and shall expire on the date that is three (3) years following the Effective Date (the “Employment
Period”); provided, however, that commencing on the third (3rd) anniversary of the Effective
Date and on each anniversary thereafter (each, an “Extension Date”), the Employment Period shall be automatically
extended for an additional one (1)-year period, unless the Company or Executive provides the other party at least ninety (90)
days’ prior written notice before any Extension Date that the Employment Period shall not be so extended (such non-extension,
a “Non-Renewal”), in which case Executive’s employment shall terminate upon the expiration of the Employment
Period. This Agreement is conditioned upon, and shall become effective immediately following, the Effective Date, in which event
this Agreement replaces and supersedes the Prior Agreement. If the Merger Agreement is terminated prior to the occurrence of the
Transaction, (a) this Agreement shall be null and void and have no force or effect, and none of Parent, Hawk, the Company or Executive
shall have any obligations hereunder and (b) the Prior Agreement shall continue in full force in accordance with its terms.

 

     

     

    

 

2. Position
and Duties. During the Employment Period, Executive shall serve as Chief Operating Officer of the Company and shall
have such duties and responsibilities as are customarily assigned to such position and such other responsibilities, duties,
powers, authority and obligations delegated to Executive directly by the Chief Executive Officer or the Company’s board
of managers or Parent’s board of directors (Parent’s board of directors, the “Governing
Authority”) that are consistent with Executive’s position. Executive shall use Executive’s best efforts
to promote and develop the business of the Company; shall devote substantially all of Executive’s working time and
effort exclusively to the business and affairs of the Company; shall act in good faith in performing all duties required to
be rendered under this Agreement; and shall conduct himself in a manner consistent with the best interests of the Company and
in accordance with the Company’s written policies as are in effect from time to time. If requested by the Governing
Authority, Executive will also provide services to the affiliates and subsidiaries of the Company, in the same capacity as
described above. Executive will follow and comply with, and hereby agrees to be bound by, applicable legal policies and
procedures adopted in writing by the Governing Authority from time to time and presented to Executive, including without
limitation, policies relating to business ethics and conflict of interest, prohibiting discrimination, prohibiting
harassment, confidentiality and trade secrets. Notwithstanding the foregoing, Executive will be permitted to act or serve as
a director, trustee, committee member or principal of any type of business, civic organization or charitable organization as
long as such activities do not conflict with or interfere in any material respect with the performance of
Executive’s services to the Company. The principal place of employment of Executive shall be the Company’s
executive offices in Atlanta, Georgia, subject to travel required for the business of the Company or the Company’s
affiliates or subsidiaries.

 

3. Compensation
and Benefits.

 

(a)
Salary. During the Employment Period, Executive shall receive from the Company a base salary for each twelve (12) month
period commencing on the Effective Date of not less than $242,000 (the “Base Salary”) or, in the event that
Executive is employed for any portion thereof, a pro rata amount of the Base Salary. The Base Salary shall be reviewed at
least annually by the Governing Authority and the Governing Authority may, but shall not be required to, increase the Base Salary
during the Employment Period. The Base Salary shall be paid in arrears in substantially equal installments at monthly
or more frequent intervals, in accordance with the normal payroll practices of the Company.

 

    2

     

    

 

(b)
Bonuses. During the Employment Period, Executive shall be eligible to receive an annual cash performance-based bonus award
(the “Annual Bonus”) in respect of each fiscal year or portion thereof (the “Annual Bonus Period”)
during the Employment Period. The target Annual Bonus opportunity for each such Annual Bonus Period (the “Target Annual
Bonus”) shall be an amount equal to twenty-five percent (25%) of Executive’s then current Base Salary, with the
actual Annual Bonus payable being based upon the level of achievement of the Company and/or individual performance objectives
for such Annual Bonus Period, as established by the Governing Authority. Achievement of the Company and/or individual performance
objectives shall be determined by the Governing Authority (or a designated committee), in its reasonable discretion, by no later
than the last day of February following the applicable Annual Bonus Period. The Annual Bonus shall be paid, if at all, by no later
than the fifteenth (15th) day of March following the applicable Annual Bonus Period with respect to which the performance
goals are measured.

 

(i) Notwithstanding
the foregoing provisions of this Section 3(b), but subject to Section 4(e), Executive must be employed by the Company
on the last day of the applicable Annual Bonus Period to be eligible for receipt of the Annual Bonus relating to such Annual Bonus
Period (and, if Executive is not so employed at such time, Executive shall not be considered to have “earned” any
such Annual Bonus).

 

(ii) Except
as provided in this Section 3, Executive shall not be entitled to receive any other cash-based incentive compensation provided
by the Company or any of its subsidiaries or affiliates.

 

(c) Equity
Award. On the Effective Date, Executive will receive equity incentives approved by the Compensation Committee of the Governing
Authority and described separately in the Restricted Stock Award Agreements and related equity plan executed by Parent and attached
hereto as Exhibit A.

 

(d) Employee
Benefits. Executive also shall be entitled to such health, welfare and vacation benefits which are consistent with the Company’s
plans or policies then in effect, as determined from time to time by the Governing Authority in accordance with the terms of such
plans and policies. The Company provides no guarantee related to the adoption or continuation of any particular benefit plan or
program and Executive’s participation in such benefit plan or program shall be subject to the provisions, rules and regulations
applicable to each benefit plan or program; provided, however, that Executive shall receive no less than three (3)
weeks’ vacation leave for each full calendar year or a prorated amount for any period less than a full calendar year. Such
vacation leave shall be taken in accordance with the terms of such policy at such times so as not to disrupt in any material respect
the normal business operations of the Company.

 

(e) Business
Expenses. Executive shall be entitled to reimbursement for all reasonable and necessary out-of-pocket business, entertainment
and travel expenses incurred by Executive in connection with the performance of Executive’s duties hereunder. Such reimbursement
shall be subject to the Company’s normal policies and procedures for expense pre-approval and verification, documentation and
reimbursement.

 

4. Termination;
Effects of Termination.

 

(a) Executive’s
employment hereunder shall be terminated upon:

 

(i) Executive’s
receipt of written notice from the Company of the termination of his employment, effective as of the date indicated in such notice
(which date shall be no fewer than fifteen (15) days from the Company’s delivery of such notice);

 

    3

     

    

 

(ii) Executive’s
receipt of written notice from the Company that Executive’s employment with the Company shall be terminated for Cause, effective
as of the date indicated in such notice;

 

(iii) The
Company’s receipt of written notice from Executive of Executive’s resignation or other voluntary termination of his employment,
effective as of the date indicated in such notice (except as otherwise set forth in Section 4(d));

 

(iv) Executive’s
receipt of written notice from the Company of the termination of his employment on account of Executive’s Incapacity, effective
as of the date indicated in such notice (which date shall be no fewer than thirty (30) days from the Company’s delivery
of such notice and provided that such Incapacity continues as of the date set forth in such notice); or

 

(v) Automatically
upon Executive’s death.

 

(b) For
purposes of this Agreement, “Cause” means an omission, act or action or series of omissions, acts or actions
of Executive that constitutes, causes or results in (i) Executive’s conviction of, or plea of guilty or nolo contendere
(or any similar plea or admission) to, a felony or a crime involving theft, embezzlement, deceit or moral turpitude; (ii)
the abandonment or intentional neglect by Executive of his duties of employment hereunder (other than by reason of Incapacity
); (iii) the misappropriation (or attempted misappropriation) by Executive of any funds or other property of the Company; (iv)
a breach by Executive of any of the material terms and conditions of this Agreement or any other written agreement between Executive
and the Company containing non-competition, non-solicitation or similar obligations; (v) Executive’s possession or use of
any drug illegally; (vi) Executive’s material violation of any of the Company’s written policies, if such violation
affects in any material respect the general reputation or marketability of the Company; (vii) unlawful conduct or gross misconduct
that is willful and deliberate on Executive’s part and that, in either event, in the reasonable judgment of the Governing Authority,
materially injures the Company; or (viii) Executive’s willful failure to comply with reasonable directions, duties or responsibilities
assigned to him by the Governing Authority; provided, however, each of the foregoing matters described in clauses
(ii), (iv), (vi) and (viii) hereof shall be deemed Cause only if not cured by Executive within thirty (30) days of his receipt
of written notice thereof from the Company specifying in reasonable detail the alleged Cause. For purposes of this provision,
any act or failure to act based upon specific directions given to Executive pursuant to a resolution duly adopted by the Governing
Authority or the Company’s board of managers or upon the advice of counsel for the Company cannot give rise to a termination
for Cause.

 

(c) For
purposes of this Agreement, “Incapacity” means, as a result of a physical or mental injury, impairment or illness,
the inability of Executive to perform the essential functions of Executive’s job with reasonable accommodation for a period of
(i) one hundred twenty (120) consecutive days or (ii) one hundred eighty (180) days in any twelve (12) month period. Any question
as to the existence of an Incapacity to which Executive and the Company cannot agree will be determined in writing by a qualified
independent physician mutually acceptable to Executive and the Company. If Executive and the Company cannot agree as to a qualified
independent physician, each will appoint a physician and those two physicians will select a third who shall make such determination
in writing. This written determination of Incapacity will be final and conclusive for all purposes under this Agreement.

 

    4

     

    

 

(d) Executive’s
employment may be terminated by Executive at any time and for any reason; provided, however, that in the event of
termination by Executive without Good Reason, Executive shall give the Company at least thirty (30) days’ prior written
notice of such termination. For purposes of this Agreement, “Good Reason” means, prior to such time that Executive
has committed acts or omissions giving rise to the Company’s right to terminate Executive’s employment for Cause and,
if required, notice is given to Executive pursuant to Paragraph 4(a)(ii) and the Company does not terminate Executive’s
employment for Cause within thirty (30) days after Executive’s receipt of such notice, the occurrence of any of the following
conditions during the Term without Executive’s consent:

 

(i) Any
breach by the Company of any of the material terms and conditions of this Agreement;

 

(ii) A
relocation of Executive’s principal place of employment to a location that would increase Executive’s commute by more
than fifty (50) miles to Executive’s current principal place of employment (it being understood that travel reasonably required
on business of the Company shall not be considered a relocation);

 

(iii) any
material diminution in the nature or scope of the responsibilities or duties of Executive as contemplated by this Agreement; or

 

(iv) the
assignment to Executive of duties that are materially inconsistent with Executive’s authority, duties or responsibilities.

 

provided,
that (A) “Good Reason” shall cease to exist for an event on the ninetieth (90th) day following the later
of its occurrence or Executive’s knowledge thereof, unless Executive has given the Company written notice thereof prior
to such date; (B) the Company shall have thirty (30) days after receipt of such written notice to cure such breach or event; and
(C) Executive must terminate his employment no later than sixty (60) days after the expiration of the period for curing such breach
or event without the Company having cured the same.

 

(e) Payments
upon Termination.

 

(i)
In the event Executive voluntarily terminates
Executive’s employment hereunder for any reason other than Good Reason, Executive’s employment hereunder is terminated
by a Non-Renewal by Executive, or Executive’s employment hereunder is terminated by the Company for Cause, the Company shall
pay and provide to Executive the Accrued Rights due to Executive, if any. In the event Executive’s employment hereunder
is terminated by reason of Executive’s death or by the Company because of Executive’s Incapacity, the Company shall
pay and provide to Executive or to Executive’s representatives or estate (A) the Accrued Rights due Executive, if any, plus
(B) the Annual Bonus that would be due and payable to Executive had he remained employed by the Company until the end of the Annual
Bonus Period during which Executive’s death occurred or during which Executive’s employment was terminated by the
Company on account of Executive’s Incapacity, payable when such bonuses are paid to other management employees. “Accrued
Rights” shall mean a lump-sum amount equal to the sum of (1) Executive’s earned but unpaid Base Salary through
the date of termination, (2) any Annual Bonuses earned for prior Annual Bonus Periods that remain unpaid as of the date of termination,
(3) any unreimbursed business expenses or other amounts due to Executive from the Company as of the date of termination and (4)
such vested and accrued employee benefits (including equity compensation), if any, to which Executive may be entitled under the
Company’s employee benefit plans as of the date of termination; provided, that in no event shall Executive be entitled
to any payments in the nature of severance or termination payments except as specifically provided herein; and, provided
further, all such amounts shall be paid as otherwise described in this Agreement.

 

    5

     

    

 

(ii)
In the event Executive voluntarily terminates
Executive’s employment hereunder for Good Reason, Executive’s employment hereunder is terminated by a Non-Renewal
by the Company or Executive’s employment is terminated by the Company without Cause, the Company shall pay and provide Executive
(A) the Accrued Rights due to Executive, if any and (B) during the Severance Period, and subject to Executive’s execution
and non-revocation of a release of claims with respect to Executive’s employment and termination in favor of the Company,
its affiliates and their respective officers, directors and managers in a form provided by the Company (the “Release")
and such Release becoming effective and irrevocable within sixty (60) days following the date of such termination (such sixty
(60)-day period, the “Release Execution Period”), an amount equal to the sum of Executive’s then current
Base Salary and Target Annual Bonus for each fiscal year during the Severance Period, payable in regular installments at monthly
or more frequent intervals, in accordance with the normal payroll practices of the Company; provided, however, that
if the Release Execution Period begins in one taxable year and ends in another taxable year, payments pursuant to clause (B) hereof
shall not begin until the beginning of the second taxable year, and provided further that the first installment
payment under clause (B) then shall include all amounts that would otherwise have been paid to Executive during the period beginning
on the termination date and ending on the first payment date if no such delay had been imposed. The “Severance Period”
shall be eighteen (18) months; provided, however, that the “Severance Period” shall be thirty
(30) months in the event of a termination on or within twenty-four (24) months following a Change of Control or prior to and in
anticipation of a Change of Control. For purposes of this Agreement, “Change of Control” shall have the meaning
ascribed to such term in Parent’s Omnibus Incentive Plan, as may be in effect from time to time. For
purposes of this Agreement, termination of Executive’s employment shall be considered to be in anticipation of a Change
of Control if termination occurs during the period in which Parent, the Company or Hawk are engaged in substantive discussions
with unrelated third parties about a transaction that, if consummated, would constitute a Change of Control.

 

In
addition to the foregoing, in the event Executive voluntarily terminates Executive’s employment hereunder for Good Reason,
Executive’s employment hereunder is terminated by a Non-Renewal by the Company or Executive’s employment is terminated
by the Company without Cause, (1) Executive shall be vested with respect to that number of Executive’s outstanding unvested
options, restricted stock and other equity-based awards that would have vested based solely on the continued employment of Executive
through the Severance Period, effective as of the date the Release becomes effective and irrevocable, (2) Executive’s outstanding
unvested options, restricted stock and other equity-based awards that were eligible to vest based on the achievement of certain
specified performance objectives and the continued employment of Executive shall remain outstanding and eligible to vest in accordance
with the terms of such options, restricted stock and other equity-based awards (notwithstanding the termination of Executive’s
employment) through the Severance Period, effective as of the date the Release becomes effective and irrevocable, and (3) all
of Executive’s outstanding stock options shall remain outstanding until the earlier of (I) the expiration of the Severance
Period or (II) the original expiration date of the options (disregarding any earlier expiration date provided for in any other
agreement, including without limitation any related grant agreement, based solely on the termination of Executive’s employment).

 

    6

     

    

 

5. Business
Protection Covenants.

 

(a) For
purposes of this Section 5, the following definitions shall apply:

 

(i) “Business
of Company” means the business of providing electronic payment processing services to merchants in any or all of the
payday lending, installment lending, buy-here, pay-here auto lending, collections, debt recovery and accounts receivable management
industries.

 

(ii) “Competing
Business” means any person, business or subdivision of a business which substantially engages in the Business of Company,
or which is actively planning to engage in the Business of Company, excluding subdivisions of a business, if any, which are unrelated
to the Business of Company and excluding any business that provides electronic payment processing services so long as the revenues
or gross profits derived by such business from merchants in the payday lending, installment lending, buy-here, pay-here auto lending,
collections, debt recovery and accounts receivable management industries do not exceed twenty percent (20%) of the total revenue
or total gross profits, respectively, of such business during any twelve (12)-month period during Executive’s employment
with the Company and the twenty-four (24) months after such employment ends.

 

(iii) “Confidential
Information” means all valuable data and/or proprietary information (in oral, written, electronic or other form) belonging
to or pertaining to the Company, its customers or vendors which is not generally known or publicly available and which would be
useful to competitors of the Company or otherwise damaging to the Company if disclosed. Confidential Information includes (but
is not limited to) methods of operation, sales records, profit and performance reports, pricing manuals, sales manuals, training
manuals, selling and pricing procedures and financing methods, customer data (including customer lists, names of customers and
their representatives, merchant names, merchant lists, names of referral partners, lists of referral partners, names of vendors,
lists of vendors, data provided by or about prospective, existing or past customers, merchants, referral partners or vendors,
customer service materials and the type, quantity and specifications of products purchased, leased or licensed by customers),
any strategic or other marketing or sales plans, financial information and projections, personnel data, proprietary software,
inventions, business plans, business strategies and similar information and secret designs, processes, formulae, devices or material
(whether or not patented or patentable or subject to any other statutory protection) directly or indirectly useful in any aspect
of the business of the Company. However, Confidential Information does not include data or information (A) which has been disclosed
to the public (except where such public disclosure has been made by Executive in violation of the terms hereof), (B) which has
been independently developed and disclosed by others, or (C) which has otherwise entered the public domain through lawful means.

 

    7

     

    

 

(iv) “Material
Communications” means contact in person, by telephone or by paper or electronic correspondence in furtherance of the
business interests of the Company during the last twenty-four (24) months of Executive’s employment with the Company.

 

(v) “Material
Contact” means contact, within twenty-four (24) months prior to Executive’s termination or resignation, between
Executive and a customer or potential customer of the Company (A) with whom Executive dealt on behalf of the Company, (B) whose
dealings with the Company were coordinated or supervised by Executive, (C) about whom Executive obtained confidential information
as a result of Executive’s association with the Company, or (D) who received services or products authorized by the Company,
the sale or provision of which resulted in compensation, commissions or earnings for Executive within the last twenty-four (24)
months of Executive’s employment with the Company.

 

(vi) “Restricted
Territory” means the United States and Canada.

 

(vii) “Trade
Secret” means a trade secret of the Company as defined by applicable law and may include any confidential formula, pattern,
process, device or compilation of information which an entity uses in its business and which gives that entity an opportunity
to obtain an advantage over its competitors.

 

Unless
the context otherwise requires, the term “Company” shall mean the Company and its affiliated companies, successors
and predecessors for purposes of this Section 5.

 

(b) Nondisclosure.
Executive agrees that during the Employment Period and following cessation of employment with the Company for any reason, Executive
shall not, directly or indirectly, divulge or make use of any Confidential Information or Trade Secrets. In the event that Executive
becomes aware of unauthorized disclosures of any Confidential Information or Trade Secrets at any time, whether intentionally
or by accident, Executive shall promptly notify the Company. This Agreement does not limit the remedies available to the Company
under common or statutory law as to trade secrets or other types of confidential information, which may impose additional duties
of non-use or non-disclosure.

 

An
individual shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a
trade secret that (i) is made (A) in confidence to a federal, state, or local government official, either directly or indirectly,
or to an attorney; and (B) solely for the purpose of reporting or investigating a suspected violation of law; or (ii) is made
in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. An individual who
files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the
attorney of the individual and use the trade secret information in the court proceeding, if the individual (1) files any document
containing the trade secret under seal; and (2) does not disclose the trade secret, except pursuant to court order.

 

    8

     

    

 

(c) Inventions,
Patents and Copyrights. Executive hereby assigns and grants to the Company sole and exclusive ownership of (and will upon
request take any actions needed to formally assign and grant to the Company and/or to obtain patents, trademark registrations
or copyrights belonging to the Company with regard to) any and all inventions, information, reports, computer software or programs,
writings, technical information or work product collected or developed by Executive, alone or with others, during the term of
Executive’s employment and relating to the Company. This obligation applies whether or not the foregoing inventions or information
are made or prepared in the course of Executive’s employment with the Company, so long as such inventions or information
relate to the Business of Company and have been developed in whole or in part during the term of Executive’s employment
with the Company. Executive agrees to advise the Company in writing of each invention that Executive, alone or with others, makes
or conceives during the term of Executive’s employment and which relates to the Business of Company. Notwithstanding any
provision of this Agreement to the contrary, Executive shall not be required to assign, nor shall Executive be deemed to have
assigned, any of Executive’s rights in any invention that Executive develops entirely on his own time without using the
Company’s equipment, supplies, facilities or Trade Secrets, except for inventions that either (i) relate, at the time conceived
or reduced to practice, to the Business of Company or to actual or demonstrably anticipated research or development of the Company
or (ii) result from any work performed by Executive for the Company or on behalf of the Company. Inventions Executive developed
before Executive came to work for the Company, if any, are described in the attached Exhibit A, and are excluded from this Section
5(c). The failure of the parties to attach any Exhibit A to this Agreement shall be deemed an admission by Executive that
Executive does not have any pre-existing inventions.

 

(d) Competitive
Activities. Executive agrees that during Executive’s employment with the Company and for a period of twenty-four (24)
months after such employment ends and within the Restricted Territory, Executive will not, directly or indirectly, whether on
Executive’s own behalf or on behalf of any other person or entity, own, operate, manage, control, engage in, participate
in, invest in, permit his name to be used by, hold any interest in, assist, aid, act as a consultant to or otherwise advise in
any way, or perform any services for, a Competing Business (alone or in association with any person or entity that performs services
for a Competing Business) where those services are the same as or similar to those types of services conducted, authorized, supervised,
offered or provided by Executive to the Company at any time during the last twenty-four (24) months of Executive’s employment
with the Company. Nothing herein shall prohibit Executive from being a passive owner of not more than two percent (2%) of the
outstanding stock or any class of securities of any entity listed on a national securities exchange which is engaged in a Competing
Business, so long as Executive has no active participation in the Competing Business and does not serve on the board of directors
or similar body of such entity.

 

(e) Conflicting
Activities. If, during his employment with the Company, Executive is engaged in or associated with the planning or implementing
of any project, program or venture involving the Company and a third party or parties, all rights in such project, program or
venture shall belong to the Company. Except as approved in writing by the Governing Authority, Executive shall not be entitled
to any interest in any such project, program or venture or to any commission, finder’s fee or other compensation in connection
therewith, other than the compensation to be paid to Executive by the Company as provided in this Agreement. During Executive’s
employment, Executive shall have no interest, direct or indirect, in any customer or supplier that conducts business with the
Company, unless such interest has been disclosed in writing to and approved by the Governing Authority before such customer or
supplier seeks to do business with the Company.

 

    9

     

    

 

(f) Non-Solicitation
of Customers. Executive agrees that during Executive’s employment with the Company and for a period of twenty-four (24)
months after such employment ends, Executive will not, directly or indirectly, whether on Executive’s own behalf or on behalf
of any other person or entity, solicit or attempt to solicit any current or prospective customer of the Company with whom Executive
had Material Contact for the purpose of selling any products or services of a Competing Business.

 

(g) Non-Solicitation
of Vendors. Executive agrees that during Executive’s employment with the Company and for a period of twenty-four (24)
months after such employment ends, Executive will not, directly or indirectly, whether on Executive’s own behalf or on behalf
of any other person or entity, solicit any sponsor bank or other vendor of the Company with whom Executive had Material Communications
for the purpose of procuring products or services to support a Competing Business.

 

(h) Non-Solicitation
of Employees and Contractors. Executive agrees that during Executive’s employment with the Company and for a period
of twenty-four (24) months after such employment ends, Executive will not, directly or indirectly, whether on Executive’s
own behalf or on behalf of any other person or entity, solicit, recruit or induce, or attempt to solicit, recruit or induce, any
employee or independent contractor of the Company to terminate or lessen such employment or contract with the Company.

 

(i) Return
of Company Property. Upon the termination of Executive’s employment with the Company or upon the Company’s earlier
request, Executive will promptly deliver to the Company any and all of the Company’s records and any and all of the Company’s
property in his possession or control, including manuals, books, blank forms, documents, letters, memoranda, notes, notebooks,
reports, printouts, computer disks, computer tapes, source codes, data, tables or calculations and all copies thereof, documents
that in whole or in part contain any trade secrets or confidential information of the Company and all copies thereof, and keys,
access cards, access codes, passwords, credit cards, personal computers, tablets, telephones and other electronic equipment belonging
to the Company. Moreover, if Confidential Information has been communicated to or placed on any electronic device owned by Executive,
then Executive shall submit the device to the Company so that the Confidential Information can be erased or deleted. If requested
by the Company in writing in advance of such time, within fourteen (14) days after the termination of Executive’s employment,
Executive will certify in writing that Executive has complied with this Section 5(i).

 

(j) Specific
Performance. Executive acknowledges and agrees that any breach by Executive of any of the covenants contained in Sections
5(b), 5(d), 5(e), 5(f), 5(g) or 5(h) will cause irreparable damage to the Company, and
that the remedies at law for any such breach will be inadequate. Accordingly, Executive agrees that in addition to any other remedies
that may be available at law, in equity or under this Agreement, the Company shall be entitled to seek specific performance and
injunctive relief, without posting bond or other security, to enforce or prevent any violation by Executive of the covenants in
Sections 5(b), 5(d), 5(e), 5(f), 5(g) or 5(h).

 

    10

     

    

 

(k) Survival
and Limitations. The provisions of this Section 5 shall survive the expiration or termination of Executive’s
employment hereunder for any reason.

 

Notwithstanding
any other provision of this Agreement, the parties hereto acknowledge and agree that nothing in this Agreement shall prohibit
Executive from reporting possible violations of Federal, State or other law or regulation to, or filing a charge or other complaint
with, any governmental agency or entity, including but not limited to the Department of Justice, the Equal Employment Opportunity
Commission, the National Labor Relations Board, the Occupational Safety and Health Administration, the Securities and Exchange
Commission, Congress, and any Inspector General, or making any other disclosures that are protected under any whistleblower provisions
of Federal, State or other law or regulation or assisting in any investigation or proceeding. The parties hereto further acknowledge
that nothing herein limits Executive’s ability to communicate with any such governmental agency or entity or otherwise participate
in any such investigation or proceeding that may be conducted by any such governmental agency or entity, including providing documents
or other information, without notice to the Company. Executive does not need the prior authorization of the Company to make any
such reports or disclosures, and Executive is not required to notify the Company that Executive made any such reports or disclosures
or is assisting in any such investigation. Additionally, Executive (a) does not waive any rights to any individual monetary recovery
or other awards in connection with reporting any such information to any such governmental agency or entity, (b) does not breach
any confidentiality or other provision hereunder in connection with any such reporting or disclosures, and (c) will not be prohibited
from receiving any amounts hereunder as a result of making any such reports or disclosures or assisting with any such investigation
or proceeding.

 

6. Section
280G. Anything in this Agreement to the contrary notwithstanding,
in the event it shall be determined that any payment or distribution by the Company to or for the benefit of Executive (whether
paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise) (a “Payment”)
would be subject to the excise tax (the “Excise Tax”) imposed by Section 4999 of the Internal Revenue Code
of 1986, as amended (the “Code”), then, prior to the making of any Payment to Executive, a calculation shall
be made comparing (i) the net benefit to Executive of the Payment after payment of the Excise Tax to (ii) the net benefit to Executive
if the Payment were limited to the extent necessary to avoid being subject to the Excise Tax. If the amount calculated under (i)
above is less than the amount calculated under (ii) above, then the Payment shall be limited to the extent necessary to avoid
being subject to the Excise Tax. In such event, cash payments shall be modified or reduced first (against the amounts payable
latest in time) and then any other benefits pro rata. The determination of whether an Excise Tax would be imposed, the amount
of such Excise Tax, and the calculation of the amounts referred to in clauses (i) and (ii) above shall be made by an independent
accounting firm selected by the Company and reasonably acceptable to Executive, at the Company’s expense (the “Accounting
Firm”), and the Accounting Firm shall provide detailed supporting calculations. Any determination by the Accounting
Firm shall be binding upon the Company and Executive. As a result of the uncertainty in the application of Section 4999 of the
Code at the time of the initial determination by the Accounting Firm hereunder, it is possible that Payments Executive would have
been entitled to, but did not, receive could have been made without the imposition of the Excise Tax (“Underpayment”).
In such event, the Accounting Firm shall determine the amount of the Underpayment that has occurred, and any such Underpayment
shall be promptly paid by the Company to or for the benefit of Executive.

 

    11

     

    

 

7. Section
409A. The intent of the parties is that payments and benefits
under this Agreement either comply with or are exempt from Section 409A of the Code and, accordingly, to the maximum extent permitted,
all provisions of this Agreement shall be construed in a manner consistent with the requirements for avoiding taxes or penalties
under Section 409A of the Code. Executive is hereby advised to seek independent advice from his tax advisor(s) with respect to
any payments or benefits under this Agreement. Notwithstanding the foregoing, the Company does not guarantee the tax treatment
of any payments or benefits provided under this Agreement under Section 409A of the Code or under any other federal, state, local
or foreign tax laws and regulations. For purposes of this Agreement, termination of employment will be construed consistent with
the meaning of “separation from service” under Section 409A of the Code. All payments under this Agreement shall be
treated as a series of separate payments to the maximum extent permitted under Section 409A of the Code. If Executive is a key
employee (as defined in Section 416(i) of the Code without regard to paragraph (5) thereof) and any of the Parent’s, Hawk’s
or the Company’s stock is publicly traded on an established securities market or otherwise, then payment of any amount or
provision of any benefit under this Agreement which is considered nonqualified deferred compensation subject to Section 409A of
the Code and payable upon a separation from service shall be deferred for six (6) months after termination of Executive’s
employment or, if earlier, Executive’s death, as and to the extent required by Section 409A(a)(2)(B)(i) of the Code (the
“409A Deferral Period”). In the event such payments are otherwise due to be made in installments or periodically
during the 409A Deferral Period, the payments which would otherwise have been made in the 409A Deferral Period shall be accumulated
and paid in a lump sum as soon as the 409A Deferral Period ends, and the balance of the payments shall be made as otherwise scheduled.
In the event benefits are required to be deferred, any such benefit may be provided during the 409A Deferral Period at Executive’s
expense, with Executive having a right to reimbursement from the Company once the 409A Deferral Period ends, and the balance of
the benefits shall be provided as otherwise scheduled. Additionally, (a) any reimbursement of eligible expenses or other in-kind
benefits payable to Executive under this Agreement shall be paid within the time period required by Section 409A of the Code;
(b) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during any calendar year shall not affect
the amount of expenses eligible for reimbursement, or in-kind benefits to be provided, during any other calendar year; (c) the
right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit; and (d) each payment
shall be treated as a separate payment.

 

8. Representations
and Warranties. Executive represents and warrants to the
Company that Executive is under no contractual or other restriction or obligation which would prevent the performance of Executive’s
duties hereunder or interfere with the rights of the Company hereunder.

 

9. Successors;
Binding Agreement. As used in this Agreement, the “Company”
shall mean the Company as hereinbefore defined and any successor to substantially all of the business and/or assets of the Company
which executes and delivers an agreement to assume and be bound by the terms hereof or which otherwise becomes bound by all the
terms and provisions of this Agreement by operation of law.

 

    12

     

    

 

10. Assignment.
Executive may not assign this Agreement or any part hereof without the prior written consent of the Company, which consent may
be withheld for any reason. This Agreement shall be binding upon and inure to the benefit of the parties and their respective
heirs, successors, assigns and legal representatives.

 

11. Notice.
For purposes of this Agreement, notices and all other communications provided for in this Agreement shall be in writing and shall
be deemed to have been duly given (a) on the date of delivery when delivered by hand, (b) on the date of transmission when sent
by facsimile or electronic transmission during normal business hours with electronic confirmation of receipt, (c) one day after
dispatch when sent by reputable overnight courier maintaining records of receipt, or (d) three days after dispatch when sent by
registered or certified mail, postage prepaid, return receipt requested, all addressed as follows:

 

If
to the Company:

 

3
West Paces Ferry Road, Suite 200

Atlanta,
Georgia 30305

Attention:
John A. Morris, CEO

jmorris@repay.com

 

If
to Executive:

 

3833
Saint Annes Court

Duluth, GA 30096

E-mail: mike.jackson8505@gmail.com

 

or
to such other address as either party may have furnished to the other in writing in accordance herewith, except that notices of
change of address shall be effective only upon receipt.

 

12. Miscellaneous.
No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to
in writing and signed by Executive and by an appropriate Managerial Official of the Company. No waiver by either party hereto
at any time of any breach by the other party hereto of any condition or provision of this Agreement to be performed by such other
party shall be deemed a waiver of any similar or dissimilar provision or condition at the same or at any prior or subsequent time.
Except where the context otherwise requires, wherever used, the singular shall include the plural, the plural the singular, the
use of any gender shall be applicable to all genders and the word “or” is used in the inclusive sense. Headings contained
in this Agreement are inserted for reference and convenience only and in no way define, limit, extend or describe the scope of
this Agreement or the meaning or construction of any of the provisions hereof.

 

13. Governing
Law. This Agreement shall be governed by, and construed
and enforced in accordance with, the laws of the State of Georgia without regard to the conflict of law provisions thereof.

 

    13

     

    

 

14. Severability.
Should any court of competent jurisdiction decide, hold, adjudge or decree that any provision, clause or term of this Agreement
is invalid, void or unenforceable, such determination shall not affect any other provision of this Agreement, and all other provisions
of this Agreement shall remain in full force and effect as if such invalid, void or unenforceable provision, clause or term had
not been included herein. Such determination shall not be deemed to affect the validity or enforceability of this entire Agreement
in any other situation or circumstance and, so far as is reasonably possible, effect shall be given to the intent of the parties
hereto manifested by the portion held invalid, void or unenforceable to the maximum extent permitted by law.

 

15. Counterparts.
This Agreement may be signed in one or more counterparts (including by facsimile), each of which will be deemed to be an original
copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement, and shall
become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties. The
exchange of copies of this Agreement and of signature pages by facsimile transmission or electronic mail shall constitute effective
signing and delivery of this Agreement as to the parties and may be used in lieu of the original Agreement for all purposes. Signatures
of the parties transmitted by facsimile or electronic mail shall be deemed to be original signatures for all purposes.

 

16.
Entire Agreement.
This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and
related transactions contemplated hereby, and supersedes all prior oral or written agreements, commitments or understandings with
respect to the matters provided for herein, including, for the avoidance of doubt, the Prior Agreement and Appendix A to any or
all of the Membership Unit Award Agreements entered into by and between Hawk and Executive, and no payments or benefits are due
to Executive under such other agreements.

 

17. Mitigation.
Executive shall not be required to mitigate the amount of any payment the Company becomes obligated to make to Executive in connection
with this Agreement by seeking other employment or otherwise. The amount of any payment provided for in Section 4(e) above
shall not be reduced, offset or subject to recovery by the Company by reason of any compensation earned by Executive as a result
of employment by another employer after the termination of Executive’s employment, or otherwise.

 

18. Remedies
and Forum. The parties agree that they will not file any
action arising out of this Agreement other than in the United States District Court for the Northern District of Georgia or the
State or Superior Courts of Fulton County, Georgia. Notwithstanding the pendency of any proceeding, either party shall be entitled
to injunctive relief in a state or federal court located in Fulton County, Georgia upon a showing of irreparable injury. The parties
consent to personal jurisdiction and venue solely within these forums and solely in Fulton County, Georgia and waive all otherwise
possible objections thereto. The prevailing party shall be entitled to recover its costs and attorney’s fees from the non-prevailing
party(ies) in any such proceeding no later than ninety (90) days following the final resolution of any such proceeding. The existence
of any claim or cause of action by Executive against the Company or the Company’s affiliates or subsidiaries, including
any dispute relating to the termination of this Agreement, shall not constitute a defense to enforcement of said covenants by
injunction. THE PARTIES HEREBY KNOWINGLY AND VOLUNTARILY, AND HAVING HAD AN OPPORTUNITY TO CONSULT WITH COUNSEL, WAIVE ALL RIGHTS
TO TRIAL BY JURY, AND AGREE THAT ANY AND ALL MATTERS SHALL BE DECIDED BY A JUDGE WITHOUT A JURY TO THE FULLEST EXTENT PERMISSIBLE
UNDER APPLICABLE LAW.

 

[Signature
page follows]

 

    14

     

    

 

IN
WITNESS WHEREOF, the parties have signed this Agreement on the date and year first above written.

 

	 	THE
    COMPANY:
	 	 
	 	M
    & A VENTURES, LLC
	 	 	 
	 	By:	/s/
    John A. Morris
	 	 	John
                                         A. Morris

	 	 	Chief
    Executive Officer
	 	 	 
	 	EXECUTIVE:
	 	 	 
	 	/s/
    Mike Jackson
	 	Mike
    Jackson

 

 

[Signature
Page to Employment Agreement] 

     

     

    

 

Exhibit
A

 

[See
attached.]Exhibit 10.30

 

REPAY
HOLDINGS CORPORATION

OMNIBUS INCENTIVE PLAN

Effective
as of [•], 2019

 

1.
Purpose and Stockholder Approval.

 

(a)
Repay Holdings Corporation, a Delaware corporation (as successor to Thunder Bridge Acquisition Ltd., a Cayman Islands
exempted company, the “Company”), hereby adopts the Repay Holdings Corporation Omnibus Incentive Plan (the
“Plan”), effective as of [date]. The Plan is intended to recognize the contributions made to the Company and its
Affiliates by its employees, directors, consultants and advisors of the Company, to provide such persons with additional
incentive to devote themselves to the future success of the Company, to improve the ability of the Company to
attract, retain, and motivate individuals upon whom the Company’s sustained growth and financial success depend, by
providing such persons with an opportunity to acquire or increase their proprietary interest in the Company. To this end, the
Plan provides for the grant of stock options, stock appreciation rights, restricted stock, restricted stock units and
dividend equivalent rights. Any of these awards may, but need not, be made as performance incentives to reward attainment of
annual or long-term performance goals at the Committee’s sole and absolute discretion. Stock options granted under the
Plan may be non-qualified stock options or incentive stock options, as provided herein, except that stock options granted to
any person who is not an employee of the Company shall in all cases be non-qualified stock options.

 

(b)
The adoption the Plan is contingent on and subject to its approval by the Company’s stockholders at the Company’s
stockholders meeting scheduled for [DATE]. No grants or awards shall be made under the Plan if the Plan is not so approved.

 

2.
Definitions. Unless the context clearly indicates otherwise, the following terms shall have the following meanings:

 

(a)
“Affiliate” means a corporation that is a parent corporation or a subsidiary corporation with respect to the Company
within the meaning of Section 424(e) or (f) of the Code, and any other non-corporate entity that would be such a subsidiary
corporation if such entity were a corporation.

 

(b)
“Award” means an award of Restricted Stock, Restricted Stock Units, Stock Options, Stock Appreciation Rights or Dividend
Equivalent Rights granted under the Plan, designated by the Committee at the time of such grant as an Award, and containing the
terms specified herein for Awards.

 

(c)
“Award Document” means the document that sets forth the terms and conditions of each grant of an Award. Awards shall
be evidenced by an Award Document in such form as the Committee shall from time to time approve, which Award Document shall comply
with and be subject to the terms and conditions of the Plan and such other terms and conditions as the Committee shall from time
to time require that are not inconsistent with the terms of the Plan. A Grantee shall not have any rights with respect to an Award
until and unless such Grantee shall have executed an Award Document containing the terms and conditions determined by the Committee.

 

     

     

    

 

(d)
“Board of Directors” means the Board of Directors of the Company.

 

(e)
“Cause” shall have the same definition as under any employment agreement between the Company or any Affiliate and
the Grantee or, if no such employment agreement exists or if such employment agreement does not contain any such definition or
words of similar import, “Cause” means, except as otherwise provided in an Award Document, that an employee-Grantee
should be or was dismissed as a result of

 

(i)
any material breach by the Grantee of any agreement to which the Grantee and the Company or an Affiliate are parties,

 

(ii)
any act (other than retirement) or omission to act by the Grantee, including without limitation, the commission of any crime (other
than ordinary traffic violations) that may have a material and adverse effect on the business of the Company or any Affiliate
or on the Grantee’s ability to perform services for the Company or any Affiliate, or

 

(iii)
any material misconduct or neglect of duties by the Grantee in connection with the business or affairs of the Company or any Affiliate.

 

(f)
“Change of Control” shall mean, except as otherwise provided in the Award Document, the first to occur of any of the
following events:

 

(i)
The date any transaction is consummated that constitutes the sale or other disposition of all or substantially all of the assets
of the Company, other than where such transaction results in all or substantially all of the assets of the Company being held
by an entity as to which at least a majority of the equity ownership of such entity immediately after the sale or disposition
is held by the same persons and in the same proportions as the Company’s common stock was held immediately before such sale
or other disposition;

 

(ii)
The date any transaction is consummated that constitutes a merger or consolidation of the Company with or into another corporation,
other than a merger or consolidation of the Company in which holders of shares of the Common Stock immediately prior to the merger
or consolidation will hold at least a majority of the ownership of common stock of the surviving corporation (and, if one class
of common stock is not the only class of voting securities entitled to vote on the election of directors of the surviving corporation,
a majority of the voting power of the surviving corporation’s voting securities) immediately after the merger or consolidation,
which common stock (and, if applicable, voting securities) is to be held in the same proportion as such holders’ ownership
of Common Stock immediately before the merger or consolidation;

 

(iii)
The date any entity, person or group, (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Securities Exchange Act
of 1934, as amended), other than the Company or any of its subsidiaries or any employee benefit plan (or related trust) sponsored
or maintained by the Company or any of its subsidiaries, shall have become the beneficial owner of, or shall have obtained voting
control over, more than fifty percent (50%) of the outstanding shares of the Common Stock;

 

    2

     

    

 

(iv)
The first day after the date this Plan is effective when directors are elected such that a majority of the Board of Directors
shall have been members of the Board of Directors for less than twenty four (24) months, unless the nomination for election of
each new director who was not a director at the beginning of such twenty four (24) month period was approved by a vote of at least
two thirds of the directors then still in office who were directors at the beginning of such period; or

 

(v)
The date the stockholders of the Company (or the Board of Directors, if stockholder action is not required) approve a plan or
other arrangement pursuant to which the Company will be dissolved or liquidated and no further contingences remain that could
prevent the consummation of such plan or arrangement. For avoidance of doubt, any transaction done exclusively for the purpose
of changing the domicile of the company shall not constitute a Change of Control.

 

(g) “Closing” means the consummation of the transactions contemplated by the Merger Agreement. 

 

(h)
“Code” means the Internal Revenue Code of 1986, as amended.

 

(i)
“Committee” shall have the meaning set forth in Section 3(a).

 

(j)
“Common Stock” means the Company’s Class A Common Stock, par value $0.0001 per share.

 

(k)
“Disability” shall have the meaning set forth in Section 22(e)(3) of the Code.

 

(l)
“Dividend Equivalent Right” means a right, granted to a Grantee under the terms of the Plan, to receive cash, Stock,
other Awards or other property equal in value to dividends paid with respect to a specified number of shares of Stock, or other
periodic payments.

 

(m)
“Exchange Act” means the Securities Exchange Act of 1934, as amended, and all rules and regulations promulgated thereunder.
Reference to a specific section of the Exchange Act or regulation thereunder shall include such section or regulation, any valid
regulation or interpretation promulgated under such section, and any comparable provision of any future legislation or regulation
amending, supplementing or superseding such section or regulation.

 

(n)
“Fair Market Value” shall mean:

 

(i)
If the Common Stock is traded on any national stock exchange or quotation system, then the Fair Market Value per Share shall be,
the last reported sale price per share thereof on the relevant date (or the closing price as of the most recent trading day prior
to the relevant date if the relevant date is not a trading day), as reported on the stock exchange or quotation system that reflects
the principal market on which the Common Stock is traded on such date; or

 

(ii)
If the Common Stock is not traded on any national stock exchange or quotation system on the relevant date, the Fair Market Value
shall be as determined in good faith by the Committee.

 

    3

     

    

 

(o)
“Good Reason” shall have the same definition as under any employment agreement between the Company or any Affiliate
and the Grantee or, if no such employment agreement exists or if such employment agreement does not contain any such definition
or words of similar import, “Good Reason” shall mean, except as otherwise provided in an Award Document, the termination
of employment by the Grantee following the occurrence, without the Grantee’s written consent, after a Change of Control
of:

 

(i)
a material reduction in the Grantee’s base salary or wage rate or target incentive opportunity; or

 

(ii)
the relocation of the Grantee’s principal place of employment to a location more than fifty miles from the Grantee’s
principal place of employment as of immediately prior to the Change of Control;

 

provided,
however, that the foregoing events shall constitute Good Reason only if the Grantee provides the Company with written objection
to the event within thirty days following the occurrence thereof, the Company does not reverse or otherwise cure the event within
thirty days of receiving that written objection and the Grantee resigns the Grantee’s employment within twenty days following
the expiration of the Company’s thirty-day cure period.

 

(p)
“Grant Date” means the date established by the Committee as of which any Award has been granted to a Grantee.

 

(q)
“Grantee” means any person who is granted an Award.

 

(r) “Hawk Units” means the Class A Units of Hawk Parent Holdings LLC in accordance with the Second Amended and
Restated Limited Liability Company Agreement of Hawk Parent Holdings LLC to be adopted immediately after the consummation
of the transactions contemplated by the Merger Agreement.

 

(s)
“ISO” means an Option granted under the Plan that is intended to qualify as an “incentive stock option”
within the meaning of Section 422(b) of the Code.

 

(t) “Merger Agreement” means the Amended and Restated Agreement and Plan of Merger, dated effective as of January
21, 2019, by and among Thunder Bridge Acquisition Ltd., TB Acquisition Merger Sub LLC, Hawk Parent Holdings LLC and, solely
in its capacity as the Company Securityholder Representative thereunder, CC Payment Holdings, L.L.C., as it may be amended
and supplemented from time to time.

 

(u)
“Non-Qualified Stock Option” means an Option granted under the Plan that is not intended to qualify, or otherwise
does not qualify, as an “incentive stock option” within the meaning of Section 422(b) of the Code.

 

(v)
“Option” or “Stock Option” means either an ISO or a Non-Qualified Stock Option granted under the Plan.

 

(w)
“Option Price” means the price at which Shares may be purchased upon exercise of an Option, as calculated pursuant
to the applicable provisions of the Plan.

 

(x)
“Restricted Stock” means Shares issued to a person pursuant to an Award.

 

(y)
“Rule 16b-3” means Rule 16b-3 promulgated under the Act or any successor Rule.

 

(z)
“Restricted Stock Unit” or “RSU” means a bookkeeping entry representing the equivalent of one (1) share
of Common Stock awarded to a Grantee under Section 8 of the Plan.

 

    4

     

    

 

(aa)
“Shares” means the shares of Common Stock that are the subject of Awards.

 

(bb)
“Stock Appreciation Rights” or “SAR” means a right granted to a grantee under Section 7 of the Plan.

 

(cc)
“Termination of Employment or Service in Connection with a Change of Control” shall be deemed to occur with respect
to a Grantee if, within the one-year period (or such longer period as may be specified in an Award Document) beginning on the
date of a Change of Control, the employment or service of the Grantee shall be terminated either (i) involuntarily for any reason
other than for Cause, (ii) voluntarily for Good Reason or (iii) in the case of Directors, a required resignation from the Board
of Directors.

 

3.
Administration of the Plan.

 

(a)
Committee. The Plan shall be administered by the Compensation Committee of the Board of Directors provided such committee
consists of at least two members of the Board of Directors, each of whom qualifies as a “non-employee director” (as
that phrase is used for purposes of Rule 16b-3) and as an “independent director” (as that phrase is used by the rules
of the stock exchange on which the Company’s shares are traded). The foregoing requirement for members of the Compensation
Committee to act as the Committee shall not be applicable if the Company ceases to be a publicly traded corporation. Notwithstanding
anything in this Section 3(a) to the contrary, the Board of Directors may establish more than one committee to administer the
Plan with respect to separate classes of Grantees (other than officers of the Company who are subject to Section 16 of the Exchange
Act), and, provided further, that the Board of Directors, itself, shall act as the Committee with respect to Awards made to non-employee
members of the Board of Directors.

 

(b)
Grants. The Committee shall from time to time at its discretion direct the Company to grant Awards pursuant to the terms
of the Plan. The Committee shall have plenary authority to (i) determine the Grantees to whom and the times at which Awards
shall be granted, (ii) determine the price at which Options shall be granted, (iii) determine the type of Option to
be granted and the number of Shares subject thereto, (iv) determine the number of Shares to be granted pursuant to each Award
and (v) approve the form and terms and conditions of the Award Documents and of each Award; all subject, however, to the
express provisions of the Plan, including, specifically, Section 10 regarding grants of Awards to non-employee members of the
Board of Directors. In making such determinations, the Committee may take into account the nature of the Grantee’s services
and responsibilities, the Grantee’s present and potential contribution to the Company’s success and such other factors
as it may deem relevant. The interpretation and construction by the Committee of any provisions of the Plan or of any Award granted
under it shall be final, binding and conclusive.

 

(c)
Exculpation. No member of the Committee shall be personally liable for monetary damages as such for any action taken or
any failure to take any action in connection with the administration of the Plan or the granting of Awards thereunder except to
the extent such exculpation is prohibited by provisions of the applicable business corporations law; provided, however,
that the provisions of this Section 3(c) shall not apply to the responsibility or liability of a member of the Committee
pursuant to any criminal statute or to the liability of a member of the Committee for the payment of taxes pursuant to local,
state or federal law.

 

    5

     

    

 

(d)
Indemnification. Service on the Committee shall constitute service as a member of the Board of Directors. Each member of
the Committee shall be entitled without further act on his or her part to indemnity from the Company to the fullest extent provided
by applicable law and the Company’s Certificate of Incorporation and/or Bylaws in connection with or arising out of any
action, suit or proceeding with respect to the administration of the Plan or the granting of Options or Awards thereunder in which
he or she may be involved by reason of his or her being or having been a member of the Committee, whether or not he or she continues
to be such member of the Committee at the time of the action, suit or proceeding.

 

4.
Eligibility. All employees (including employees who are members of the Board of Directors or its Affiliates), directors,
consultants and advisors of the Company or its Affiliates shall be eligible to receive Awards hereunder; provided, that
only employees of the Company or its Affiliates shall be eligible to receive ISOs. The Committee, in its sole discretion, shall
determine whether an individual qualifies as an employee of the Company or its Affiliates.

 

5.
Term of the Plan. No Award may be granted under the Plan after [INSERT DATE THAT IS ONE DAY BEFORE THE TENTH ANNIVERSARY
OF THE DATE THE PLAN IS ADOPTED BY THE BOARD].

 

6.
Stock Options and Terms. Each Option granted under the Plan shall be a Non-Qualified Stock Option unless the Option shall
be specifically designated at the time of grant to be an ISO. Options granted pursuant to the Plan shall be evidenced by the Award
Documents in such form as the Committee shall from time to time approve, which Award Documents shall comply with and be subject
to the following terms and conditions and such other terms and conditions as the Committee shall from time to time require that
are not inconsistent with the terms of the Plan.

 

(a)
Number of Shares. Each Award Document shall state the number of Shares to which it pertains. A Grantee may receive more
than one Option, which may include Options that are intended to be ISOs and Options that are not intended to be ISOs, but only
on the terms and subject to the conditions and restrictions of the Plan.

 

(b)
Option Price. Each Award Document shall state the Option Price that shall be at least 100% of the Fair Market Value of
the Shares at the time the Option is granted as determined by the Committee in accordance with this Section 6(b); provided,
however, that if an ISO is granted to a Grantee who then owns, directly or by attribution under Section 424(d) of the
Code, shares of capital stock of the Company possessing more than 10% of the total combined voting power of all classes of stock
of the Company or an Affiliate, then the Option Price shall be at least 110% of the Fair Market Value of the Shares at the time
the Option is granted.

 

    6

     

    

 

(c)
Exercise. No Option shall be deemed to have been exercised prior to the receipt by the Company of written notice of such
exercise and of payment in full of the Option Price for the Shares to be purchased. Each such notice shall specify the number
of Shares to be purchased and shall (unless the Shares are covered by a then effective registration statement or a Notification
under Regulation A under the Securities Act of 1933, as amended (the “Act”)), contain the Grantee’s acknowledgment
in form and substance satisfactory to the Company that (i) such Shares are being purchased for investment and not for distribution
or resale (other than a distribution or resale that, in the opinion of counsel satisfactory to the Company, may be made without
violating the registration provisions of the Act), (ii) the Grantee has been advised and understands that (A) the Shares
have not been registered under the Act and are “restricted securities” within the meaning of Rule 144 under the
Act and are subject to restrictions on transfer and (B) the Company is under no obligation to register the Shares under the
Act or to take any action that would make available to the Grantee any exemption from such registration, (iii) such Shares
may not be transferred without compliance with all applicable federal and state securities laws, and (iv) an appropriate
legend referring to the foregoing restrictions on transfer and any other restrictions imposed under the Award Documents may be
endorsed on the certificates. Notwithstanding the foregoing, if the Company determines that issuance of Shares should be delayed
pending (I) registration under federal or state securities laws, (II) the receipt of an opinion that an appropriate
exemption from such registration is available, (III) the listing or inclusion of the Shares on any securities exchange or
in an automated quotation system or (IV) the consent or approval of any governmental regulatory body whose consent or approval
is necessary in connection with the issuance of such Shares, the Company may defer exercise of any Option granted hereunder until
any of the events described in this Section 6(c) has occurred.

 

(d)
No Stockholder Rights Prior to Exercise. No Grantee shall, solely by reason of having been granted one or more Options,
have any rights as a stockholder of the Company and shall have no right to vote Shares subject to the Option, nor any right to
receive any dividends declared or paid with respect to such Shares unless and until the Grantee has exercised his or her Option
and acquired such Shares.

 

(e)
Medium of Payment. A Grantee shall pay for Shares (i) in cash, (ii) by certified check payable to the order of
the Company, or (iii) by such other mode of payment as the Committee may approve, including, without limitation, payment
through a broker in accordance with procedures permitted by Regulation T of the Federal Reserve Board. Furthermore, the Committee
may provide in an Award Document that payment may be made in whole or in part in shares of Common Stock held by the Grantee. If
payment is made in whole or in part in shares of Common Stock, then the Grantee shall deliver to the Company certificates registered
in the name of such Grantee representing the shares of Common Stock owned by such Grantee, free of all liens, claims and encumbrances
of every kind and having an aggregate Fair Market Value on the date of delivery that is at least as great as the Option Price
of the Shares (or relevant portion thereof) with respect to which such Option is to be exercised by the payment in shares of Common
Stock, accompanied by stock powers duly endorsed in blank by the Grantee. A Grantee may also pay for Shares by delivery of Shares
to be acquired upon the exercise of such Option, with such Shares being valued at the Fair Market Value on the date of exercise.
Notwithstanding the foregoing, the Committee may impose from time to time such limitations and prohibitions on the use of shares
of Common Stock to exercise an Option as it deems appropriate.

  

    7

     

    

 

(f)
Termination of Options.

 

(i)
No Option shall be exercisable after the first to occur of the following:

 

(1)
Expiration of the Option term specified in the Award Document, which shall not exceed (i) ten years from the Grant Date,
or (ii) five years from the Grant Date of an ISO if the Grantee on the Grant Date owns, directly or by attribution under
Section 424(d) of the Code, shares of capital stock of the Company possessing more than ten percent (10%) of the total combined
voting power of all classes of capital stock of the Company or of an Affiliate;

 

(2)
Except as otherwise provided in the Award Document, expiration of ninety (90) days from the date the Grantee’s employment
or service with the Company or its Affiliate terminates for any reason other than Disability or death or as otherwise specified
in this Section 6 or Section 13 below;

 

(3)
Except as otherwise provided in the Award Document, expiration of one year from the date the Grantee’s employment or service
with the Company or its Affiliate terminates due to the Grantee’s Disability or death;

 

(4)
The date on which the employment or service of the Grantee shall be terminated for Cause. In such event, in addition to immediate
termination of the Option, the Grantee shall automatically forfeit all Shares for which the Company has not yet delivered the
share certificates upon refund by the Company of the Option Price of such Shares; or

 

(5)
The date, if any, set by the Board of Directors as an accelerated expiration date pursuant to Section 12 hereof.

 

(ii)
Notwithstanding the foregoing, the Committee may extend the period during which an Option may be exercised to a date no later
than the date of the expiration of the Option term specified in the Award Documents, as they may be amended, provided that any
change pursuant to this Section 6(f)(ii) that would cause an ISO to become a Non-Qualified Stock Option may be made only
with the consent of the Grantee.

 

(iii)
During the period in which an Option may be exercised after the termination of the Grantee’s employment or service with
the Company or any Affiliate, such Option shall only be exercisable to the extent it was exercisable immediately prior to such
Grantee’s termination of service or employment, except to the extent specifically provided to the contrary in the applicable
Award Document.

 

(g)
Transfers. Except as provided in Section 24, no Option may be transferred except by will or by the laws of descent and
distribution. During the lifetime of the person to whom an Option is granted, such Option may be exercised only by him or her
except as provided in Section 24. Notwithstanding the foregoing, a Non-Qualified Stock Option may be transferred pursuant to the
terms of a “qualified domestic relations order” within the meaning of Sections 401(a)(13) and 414(p) of the Code
or within the meaning of Title I of the Employee Retirement Income Security Act of 1974, as amended.

 

(h)
Exercisability. No Option may be exercised except to the extent the Option has become vested pursuant to its terms.

 

    8

     

    

 

(i)
Limitation on ISO Grants. In no event shall the aggregate Fair Market Value of the Shares (determined at the time the ISO
is granted) with respect to which an ISO is exercisable for the first time by the Grantee during any calendar year (under all
incentive stock option plans of the Company or its Affiliates) exceed $100,000 (determined as of the Grant Date or Dates).

 

(j)
Other Provisions. The Award Documents shall contain such other provisions including, without limitation, provisions authorizing
the Committee to accelerate the exercisability of all or any portion of an Option, additional restrictions upon the exercise of
the Option or additional limitations upon the term of the Option, as the Committee shall deem advisable.

 

(k)
Amendment. The Committee shall have the right to amend Award Documents issued to a Grantee, subject to the Grantee’s
consent if such amendment is not favorable to the Grantee, except that the consent of the Grantee shall not be required for any
amendment made under Section 13.

 

7.
Stock Appreciation Rights.

 

(a)
An SAR is an Award in the form of a right to receive cash or Common Stock, upon surrender of the SAR, in an amount equal to the
appreciation in the value of the Common Stock over a base price established in the Award. An SAR shall confer on the Grantee to
whom it is granted a right to receive, upon exercise thereof, the excess of (A) the Fair Market Value of one share of Common
Stock on the date of exercise over (B) the grant price of the SAR as determined by the Committee. The Award Document for
an SAR shall specify the grant price of the SAR, which shall be at least the Fair Market Value of a share of Common Stock on the
Grant Date. SARs may be granted in conjunction with all or part of an Option granted under the Plan or at any subsequent time
during the term of such Option, in conjunction with all or part of any other Award or without regard to any Option or other Award;
provided that an SAR that is granted subsequent to the Grant Date of a related Option must have an SAR Price that is no less than
the Fair Market Value of one share of Common Stock on the Grant Date of the Option.

 

(b)
The Committee shall determine at the Grant Date or thereafter, the time or times at which and the circumstances under which an
SAR may be exercised in whole or in part (including based on achievement of performance goals and/or future service requirements),
the time or times at which SARs shall cease to be or become exercisable following termination of Service or upon other conditions,
the method of exercise, method of settlement, form of consideration payable in settlement, method by or forms in which Shares
will be delivered or deemed to be delivered to Grantees, whether or not an SAR shall be in tandem or in combination with any other
Award, and any other terms and conditions of any SAR.

 

(c)
Each SAR granted under the Plan shall terminate, and all rights thereunder shall cease, upon the expiration of not more than ten
years from the date such SAR is granted, or under such circumstances and on such date prior thereto as is set forth in the Plan
or as may be fixed by the Committee and stated in the Award Document relating to such SAR.

 

    9

     

    

 

(d)
Holders of an SAR shall have no rights as stockholders of the Company solely by reason of having granted one or more SARs. Holders
of an SAR shall have no right to vote such Shares or the right to receive any dividends declared or paid with respect to such
Shares.

 

(e)
A holder of an SAR shall have no rights other than those of a general creditor of the Company. An SAR represents an unfunded and
unsecured obligation of the Company, subject to the terms and conditions of the applicable Award Document.

 

(f)
Unless the Committee otherwise provides in an Award Document, in the event that a Grantee’s employment with the Company
terminates for any reason other than because of death or Disability, any SAR held by such Grantee shall be forfeited by the Grantee
and reacquired by the Company. In the event that a Grantee’s employment terminates as a result of the Grantee’s death
or Disability, all remaining restrictions with respect to such Grantee’s SAR shall immediately lapse, unless otherwise provided
in the Award Document. Upon forfeiture of an SAR, the Grantee shall have no further rights with respect to such Award.

 

(g)
Except as provided in this Section 7, during the lifetime of a Grantee, only the Grantee (or, in the event of legal incapacity
or incompetency, the Grantee’s guardian or legal representative) may exercise an SAR. Except as provided in this Section
7 or Section 24, no SAR shall be assignable or transferable by the Grantee to whom it is granted, other than by will or the laws
of descent and distribution.

 

8.
Restricted Stock and Restricted Stock Units.

 

(a)
Restricted Stock is an Award of shares of Common Stock that is granted subject to the satisfaction of such conditions and restrictions
as the Committee may determine. In lieu of, or in addition to any Awards of Restricted Stock, the Committee may grant Restricted
Stock Units to any Grantee subject to the same conditions and restrictions as the Committee would have imposed in connection with
any Award of Restricted Stock. Each Restricted Stock Unit shall have a value equal to the fair market value of one share of Common
Stock. Each Award Document shall state the number of shares of Restricted Stock or Restricted Stock Units to which it pertains.
No cash or other consideration shall be required to be paid by a Grantee for an Award.

 

(b)
At the time a grant of Restricted Stock or Restricted Stock Units is made, the Committee may, in its sole discretion, establish
a period of time (a “restricted period”) applicable to such Restricted Stock or Restricted Stock Units. Each Award
of Restricted Stock or Restricted Stock Units may be subject to a different restricted period. The Committee may, in its sole
discretion, at the time a grant of Restricted Stock or Restricted Stock Units is made, prescribe restrictions in addition to or
other than the expiration of the restricted period, including the satisfaction of corporate or individual performance objectives,
which may be applicable to all or any portion of the Restricted Stock or Restricted Stock Units. Except as provided in Section
24, neither Restricted Stock nor Restricted Stock Units may be sold, transferred, assigned, pledged or otherwise encumbered or
disposed of during the restricted period or prior to the satisfaction of any other restrictions prescribed by the Committee with
respect to such Restricted Stock or Restricted Stock Units.

 

    10

     

    

 

(c)
The Company shall issue, in the name of each Grantee to whom Restricted Stock has been granted, stock certificates representing
the total number of shares of Restricted Stock granted to the Grantee, as soon as reasonably practicable after the Grant Date.
The Committee may provide in an Award Document that either (i) the Secretary of the Company shall hold such certificates
for the Grantee’s benefit until such time as the Restricted Stock is forfeited to the Company or the restrictions lapse,
or (ii) such certificates shall be delivered to the Grantee, provided, however, that such certificates shall
bear a legend or legends that comply with the applicable securities laws and regulations and makes appropriate reference to the
restrictions imposed under the Plan and the Award Document.

 

(d)
Unless the Committee otherwise provides in an Award Document, holders of Restricted Stock shall have the right to vote such Shares.
Under no circumstances shall the holder of Restricted Stock be entitled to receive any dividends declared or paid with respect
to such Shares until such time as the Restricted Stock becomes vested. The Committee may provide that any dividends paid on Restricted
Stock must be reinvested in shares of Common Stock, which shall then be subject to the same vesting conditions and restrictions
applicable to such Restricted Stock. All distributions, if any, received by a Grantee with respect to Restricted Stock as a result
of any stock split, stock dividend, combination of shares, or other similar transaction shall be subject to the restrictions applicable
to the original Grant.

 

(e)
Holders of Restricted Stock Units shall have no rights as stockholders of the Company. The Committee may provide in an Award Document
evidencing a grant of Restricted Stock Units that the holder of such Restricted Stock Units shall be entitled to receive, upon
the Company’s payment of a cash dividend on its outstanding Common Stock, a cash payment for each Restricted Stock Unit
held equal to the per-share dividend paid on the Common Stock; provided, however, that such cash dividend shall not be distributed
to the holder of such Restricted Stock Units until the Restricted Stock Units become vested. The Award Document may also provide
that such cash payment will be deemed reinvested in additional Restricted Stock Units at a price per unit equal to the Fair Market
Value of a share of Common Stock on the date that such dividend is paid, but such additional Restricted Stock Units shall in all
cases be subject to the same restrictions that apply to the original Restricted Stock Units.

 

(f)
A holder of Restricted Stock Units shall have no rights other than those of a general creditor of the Company. Restricted Stock
Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Award
Document.

 

(g)
Unless the Committee otherwise provides in an Award Document, in the event that a Grantee’s employment with the Company
terminates for any reason other than death or Disability, any Restricted Stock or Restricted Stock Units held by such Grantee
shall be forfeited by the Grantee and reacquired by the Company. In the event that a Grantee’s employment terminates as
a result of the Grantee’s death or Disability, all remaining restrictions with respect to such Grantee’s Restricted
Stock shall immediately lapse, unless otherwise provided in the Award Document. Upon forfeiture of Restricted Stock or Restricted
Stock Units, the Grantee shall have no further rights with respect to such Award, including but not limited to any right to vote
Restricted Stock or any right to receive dividends with respect to shares of Restricted Stock or Restricted Stock Units.

 

    11

     

    

 

(h)
Upon the expiration or termination of any restricted period and the satisfaction of any other conditions prescribed by the Committee,
the restrictions applicable to shares of Restricted Stock or Restricted Stock Units settled in Stock shall lapse, and, unless
otherwise provided in the Award Document, a stock certificate for such shares shall be delivered, free of all such restrictions,
to the Grantee or the Grantee’s beneficiary or estate, as the case may be. The restrictions upon such Restricted Stock or
Restricted Stock Units shall lapse only if the Grantee on the date of such lapse is, and has continuously been an employee of
the Company or its Affiliate from the date such Award was granted. Neither the Grantee, nor the Grantee’s beneficiary or
estate, shall have any further rights with regard to a Restricted Stock Unit once the share of Stock represented by the Restricted
Stock Unit has been delivered.

 

(i)
 Restricted Stock and Restricted Stock Units are intended to be subject to a substantial risk of forfeiture during the restricted
period, and, in the case of Restricted Stock (but not Restricted Stock Units) subject to federal income tax in accordance with
section 83 of the Code. Section 83 generally provides that Grantee will recognize compensation income with respect to each installment
of the Restricted Stock on the Vesting Date in an amount equal to the then Fair Market Value of the shares for which restrictions
have lapsed. Alternatively, Grantee may elect, pursuant to Section 83(b) of the Code, to recognize compensation income for all
or any part of the Restricted Stock at the Grant Date in an amount equal to the fair market value of the Restricted Stock subject
to the election on the Grant Date. Such election must be made within 30 days of the Grant Date and Grantee shall immediately notify
the Company if such an election is made.

 

9.
Dividend Equivalent Rights. A Dividend Equivalent Right is an Award entitling the Grantee to receive credits based on cash
distributions that would have been paid on the shares of Common Stock subject to an equity-based Award granted to such Grantee,
determined as though such shares had been issued to and held by the Grantee. Notwithstanding the foregoing, no Dividend Equivalent
Right may be granted hereunder to any Grantee in connection with a Stock Option or SAR granted to such Grantee. The terms and
conditions of Dividend Equivalent Rights shall be specified in the Award Document. Dividend equivalents credited to the holder
of a Dividend Equivalent Right may be deemed reinvested in additional shares of Common Stock, which may thereafter accrue additional
equivalents, or may be treated as a cumulative right to the cash amount of such dividends. Any reinvestment of deemed dividends
in shares of Common Stock shall be at Fair Market Value on the date of the deemed dividend distribution. Dividend Equivalent Rights
may be settled in cash or Common Stock or a combination thereof, and shall be paid or distributed in a single payment or distribution
on (or as soon as practicable following) the date the underlying Award has vested (taking into account the extent of such vesting)
and any such Dividend Equivalent Right shall expire or be forfeited or annulled under the same conditions and to the same extent
as the underlying Award to which the Dividend Equivalent Right is related expires or is forfeited. Except as may otherwise be
provided by the Committee in the Award Document, a Grantee’s rights in all Dividend Equivalent Rights or interest equivalents
shall automatically terminate upon the Grantee’s termination of Service for any reason.

 

    12

     

    

 

10.
Grants of Awards to Non-Employee Directors. Notwithstanding anything herein to the contrary, no Awards shall be granted
under the Plan to any non-employee member of the Board of Directors except as provided for in this Section 10. Specifically, non-employee
members of the Board of Directors shall only receive Awards as follows:

 

(a)
Grants may be in the form of any Option (other than an ISO) or Award permitted under the Plan;

 

(b)
The fair value of Awards granted to any non-employee member of the Board of Directors during any one calendar year, along with
cash compensation paid to such non-employee member of the Board of Directors in respect of such director’s service as a
member of the Board of Directors during such year (including service as a member or chair of any committees of the Board of Directors)
during such fiscal year shall not be in excess of three hundred thousand dollars ($300,000).

 

11.
Limitations on Awards.

 

(a)
Shares Subject to Plan. The aggregate maximum number of Shares for which Awards may be granted pursuant to the Plan shall fixed immediately after the Closing as a number of Shares equal to ten percent (10%) of the sum of (A) the number
of issued and outstanding shares of Common Stock immediately after the Closing, plus (B) the number of issued and outstanding
Hawk Units immediately after the Closing, excluding those owned by the Company, plus (C) the maximum number of Hawk Units
issuable as Earn Out Units (as defined in the Merger Agreement) under the Merger Agreement as in effect at the time of the
Closing, plus (D) the aggregate maximum number of Shares for which Awards may be granted pursuant to the Plan as determined
in accordance with this Section 11(a); provided, that such number of Shares shall be subject to adjustment thereafter as provided
in Section 13. All of such Shares may be granted as ISOs.

 

(i)
The Shares shall be issued from authorized and unissued Common Stock or Common Stock held in or hereafter acquired for the treasury
of the Company.

 

(ii)
Shares covered by an Award shall be counted against the limit set forth in this Section 11(a). If any Shares covered by an Award
granted under the Plan are not purchased or are forfeited or expire, or if an Award otherwise terminates without delivery of any
Common Stock subject thereto, then the number of Shares counted against the aggregate number of Shares available under the Plan
with respect to such Award shall, to the extent of any such forfeiture, termination, cash-settlement or expiration, again be available
for the grant of Awards under the Plan in the same amount as such Shares were counted against the limit set forth in this section.

 

(iii)
If an Option or an SAR terminates or expires without having been fully exercised for any reason, or is canceled or forfeited or
cash-settled pursuant to the terms of an Award, the Shares for which the Option or SAR was not exercised may again be the subject
of an Award granted pursuant to the Plan. To the extent Shares subject to an Option or stock-settled SAR are withheld by the Company
for payment of purchase price or as a means of paying the exercise price, or for payment of federal, state or local income or
wage tax withholding requirements, the Shares that are so withheld shall be treated as granted and shall not again be available
for subsequent grants of Awards under the Plan.

 

(iv)
If any full-value Award (i.e., an equity-based Award other than an Option or SAR) is canceled or forfeited or cash-settled pursuant
to the terms of an Award, the Shares for which such Award was canceled or forfeited or cash-settled may again be subject of an
Award granted pursuant to the Plan. To the extent Shares subject to a full-value Award are not actually issued to the Grantee
at the time the Award is exercised or settled, including where Shares are withheld for payment of federal, state or local income
or wage tax withholding, the Shares that are so withheld shall again be available for grants of Awards under the Plan.

 

    13

     

    

 

(b)
No Repricing. Other than pursuant to Section 13, the Committee shall not without the approval of the Company’s stockholders
(a) lower the exercise price per Share of an Option or SAR after it is granted, (b) cancel an Option or SAR when the exercise
price per Share exceeds the Fair Market Value of one Share in exchange for cash or another Award (other than in connection with
a Change in Control), or (c) take any other action with respect to an Option or SAR that would be treated as a repricing under
the rules and regulations of the principal U.S. national securities exchange on which the Shares are listed. The foregoing limitations
on modifications of SARs and Options shall not be applicable to changes the Committee determines to be necessary in order to achieve
compliance with applicable law, including Internal Revenue Code Section 409A.

 

12.
Change of Control. In the event of a Change of Control, the Committee may take whatever action with respect to Awards outstanding
as it deems necessary or desirable, including, without limitation, accelerating the expiration or termination date or the date
of exercisability in any Award Documents, settling any Award by means of a cash payment (including a cash payment equal to the
amount paid per share of Common Stock in such Change of Control less, in the case of Options, the Option Price) or removing any
restrictions from or imposing any additional restrictions on any outstanding Awards. Except to the extent otherwise provided in
an Award Document, the following provisions shall apply in the event of a Change of Control:

 

(a)
Awards Assumed or Substituted by Surviving Entity. Awards assumed by an entity that is the surviving or successor entity
following a Change of Control (the “Surviving Entity”) or are otherwise equitably converted or substituted in connection
with a Change of Control shall have the same vesting schedule in effect following the Change of Control. Following the Change
in Control, if a Termination of Employment or Service in Connection with a Change in Control occurs, then all of the Grantee’s
outstanding Awards shall become fully exercisable and/or vested as the case may be as of the date of termination, with payout
to such Grantee within 60 days following the date of termination of employment, provided that the payment date of any Awards that
are considered to be deferred compensation shall not be accelerated.

 

(b)
Awards not Assumed or Substituted by Surviving Entity. Upon the occurrence of a Change of Control, and except with respect
to any Awards assumed by the Surviving Entity or otherwise equitably converted or substituted in connection with the Change of
Control in a manner approved by the Committee or the Board of Directors, all outstanding Awards shall become immediately vested
and exercisable, as the case may be, at or immediately prior to the consummation of the event that constitutes the Change of Control
and there shall be a payout of the Award (to the extent applicable under the terms of the Award) to Grantees within sixty (60)
days following the Change of Control.

 

13.
Adjustments on Changes in Capitalization. The aggregate number of Shares and class of Shares as to which Awards may be
granted hereunder, the limitation as to grants to individuals set forth in Section 10(b) hereof, the number of Shares covered
by each outstanding Award, and the Option Price for each related outstanding Option and SAR, shall be appropriately adjusted in
the event of a stock dividend, extraordinary cash dividend, stock split, recapitalization or other change in the number or class
of issued and outstanding equity securities of the Company resulting from a subdivision or consolidation of the Common Stock and/or,
if appropriate, other outstanding equity securities or a recapitalization or other capital adjustment (not including the issuance
of Common Stock on the conversion of other securities of the Company that are convertible into Common Stock) affecting the Common
Stock which is effected without receipt of consideration by the Company. The Committee shall have authority to determine the adjustments
to be made under this Section, and any such determination by the Committee shall be final, binding and conclusive; provided,
however, that no adjustment shall be made that will cause an ISO to lose its status as such without the consent of the Grantee,
except for adjustments made pursuant to Section 12 hereof.

 

    14

     

    

 

14.
Substitute Awards. Notwithstanding anything in the Plan to the contrary, the Committee may grant Awards under the Plan
in substitution for stock and stock-based awards held by employees of another entity who become employees of the Company or an
Affiliate as a result of a merger or consolidation of the former employing entity with the Company or an Affiliate or the acquisition
by the Company or an Affiliate of property or stock of the former employing corporation. The Committee may direct that the substitute
awards be made on such terms and conditions as the Committee considers appropriate in the circumstances.

 

15.
Amendment of the Plan. The Board of Directors may amend the Plan from time to time in such manner as it may deem advisable;
provided that, without obtaining stockholder approval, the Board of Directors may not: (i) increase the maximum number of
Shares as to which Awards may be granted, except for adjustments pursuant to Section 13, (ii) materially expand the eligible participants
or (iii) otherwise adopt any amendment constituting a change requiring stockholder approval under applicable laws or applicable
listing requirements of the Nasdaq Stock Market or any other exchange on which the Company’s securities are listed. No amendment
to the Plan shall adversely materially affect any outstanding Award, however, without the consent of the Grantee.

 

16.
No Commitment to Retain. The grant of an Award shall not be construed to imply or to constitute evidence of any agreement,
express or implied, on the part of the Company or any Affiliate to retain the Grantee in the employ of the Company or an Affiliate
and/or as a member of the Company’s Board of Directors or in any other capacity.

 

17.
Withholding of Taxes. Whenever the Company proposes or is required to deliver or transfer Shares in connection with an
Award or the exercise of an Option, the Company shall have the right to (a) require the recipient to remit or otherwise make
available to the Company an amount sufficient to satisfy any federal, state and/or local withholding tax requirements prior to
the delivery or transfer of any certificate or certificates for such Shares or (b) take whatever other action it deems necessary
to protect its interests with respect to tax liabilities. The Company’s obligation to make any delivery or transfer of Shares
shall be conditioned on the Grantee’s compliance, to the Company’s satisfaction, with any withholding requirement.
The Grantee may elect to make payment for the withholding of federal, state and local taxes by one or a combination of the following
methods: (i) payment of an amount in cash equal to the amount to be withheld (including cash obtained through the sale of the
Shares acquired on exercise of an Option or SAR, upon the lapse of restrictions on Restricted Stocker, or upon the transfer of
Shares, through a broker-dealer to whom the Grantee has submitted irrevocable instructions to deliver promptly to the Company,
the amount to be withheld); (ii) delivering part or all of the amount to be withheld in the form of Shares valued at Fair Market
Value; (iii) requesting the Company to withhold from those Shares that would otherwise be received upon exercise of the Option
or SAR, upon the lapse of restrictions on Restricted Stock or Restricted Stock Unit, or upon the transfer of Shares, a number
of Shares having a Fair Market Value; or (iv) withholding from any compensation otherwise due to the Grantee.

 

    15

     

    

 

18.
Source of Shares; Fractional Shares. The Common Stock that may be issued (which term includes Common Stock reissued or
otherwise delivered) pursuant to an Award under the Plan shall be authorized but unissued Stock. No fractional shares of Stock
shall be issued under the Plan, and shares issued shall be rounded down to the nearest whole share, but fractional interests may
be accumulated pursuant to the terms of an Award. Notwithstanding anything in the Plan to the contrary, the Company may satisfy
its obligation to issue Shares hereunder by book-entry registration.

 

19.
Deferred Arrangements. The Committee may permit or require the deferral of any award payment into a deferred compensation
arrangement, subject to such rules and procedures as it may establish, which may include provisions for the payment or crediting
of interest or Dividend Equivalents, including converting such credits into deferred Common Stock equivalents. Any such deferrals
shall be made in a manner that complies with Code Section 409A.

 

20.
Parachute Limitations. Notwithstanding any other provision of this Plan or of any other agreement, contract, or understanding
heretofore or hereafter entered into by a Grantee with the Company or any Affiliate, except an agreement, contract, or understanding
that expressly addresses Section 280G or Section 4999 of the Code (an “Other Agreement”), and notwithstanding
any formal or informal plan or other arrangement for the direct or indirect provision of compensation to the Grantee (including
groups or classes of Grantees or beneficiaries of which the Grantee is a member), whether or not such compensation is deferred,
is in cash, or is in the form of a benefit to or for the Grantee (a “Benefit Arrangement”), if the Grantee is a “disqualified
individual,” as defined in Section 280G(c) of the Code, any Option, Restricted Stock, Restricted Stock Unit, Stock
Appreciation Right or Dividend Equivalent Right held by that Grantee and any right to receive any payment or other benefit under
this Plan shall not become exercisable or vested to the extent that such right to exercise, vesting, payment, or benefit, taking
into account all other rights, payments, or benefits to or for the Grantee under this Plan, all Other Agreements, and all Benefit
Arrangements, would cause any payment or benefit to the Grantee under this Plan to be subject to excise tax under Code Section
4999; provided, however, that the foregoing limitation on Options or Awards under the Plan shall only be applicable to the extent
that the imposition of such limitation is, on a net after tax basis, beneficial to the Grantee. The Committee shall have the authority
to determine what restrictions and/or reductions in payments shall be made under this Section 20 in order to avoid the detrimental
tax consequences of Code Section 4999, and may use such authority to cause a reduction to payments or benefits that would be made
by reason of contracts, agreements or arrangements that are outside the scope of the Plan, to the extent such a reduction would
result in a greater, net after-tax benefit to the Grantee.

 

21.
Section 409A. The Committee intends to comply with Section 409A of the Code (“Section 409A”) with regard
to any Awards hereunder that constitute nonqualified deferred compensation within the meaning of Section 409A, and otherwise
to provide Awards that are exempt from Section 409A.

 

22.
Unfunded Status of Plan. The Plan shall be unfunded. Neither the Company, nor the Board of Directors nor the Committee
shall be required to segregate any assets that may at any time be represented by Awards made pursuant to the Plan. Neither the
Company, nor the Board of Directors, nor the Committee shall be deemed to be a trustee of any amounts to be paid or securities
to be issued under the Plan.

 

    16

     

    

 

23.
Compensation Recovery.

 

(a)
In the event the Company is required to provide an accounting restatement for any of the prior three fiscal years of the Company
for which audited financial statements have been completed as a result of material noncompliance with financial reporting requirements
under federal securities laws (a “Restatement”), the amount of any Excess Compensation (as defined below) realized
by an any Executive Officer (as defined below) shall be subject to recovery by the Company.

 

(b)
For purposes of this Section 23:

 

(i)
An “Executive Officer” shall mean any officer of the Company who holds an office of executive vice president or above;
and

 

(ii)
“Excess Compensation” shall mean the excess of (i) the actual amount of cash-based or equity-based incentive compensation
received by an Executive Officer over (ii) the compensation that would have been received based on the restated financial results
during the three-year period preceding the date on which the Company is required to prepare such restatement.

 

(c)
Recovery of Excess Compensation under this Section 23 shall not preclude the Company from seeking relief under any other agreement,
policy or law. The Company’s recoupment rights under this Section 23 shall be in addition to, and not in lieu of, actions that
the Company may take to remedy or discipline any act of misconduct by an Executive Officer including, but not limited to, termination
of employment or initiation of appropriate legal action.

 

(d)
The recovery of compensation under this Section 23 is separate from and in addition to the compensation recovery requirements
of Section 304 of the Sarbanes-Oxley Act of 2002 that are applicable to the Company’s Chief Executive Officer and Chief Financial
Officer, and the Committee shall reduce the recoupment under this Section 23 by any amounts paid to the Company by the Chief Executive
Officer and Chief Financial Officer pursuant to such section.

 

24.
Permitted Transfers. Notwithstanding anything contained herein to the contrary, Awards (other than ISOs and corresponding
Awards), may be transferred, without consideration, to a Permitted Transferee. For this purpose, a “Permitted Transferee”
in respect of a Grantee means any member of the Immediate Family of such Grantee, any trust of which all of the primary beneficiaries
are such Grantee or members of his or her Immediate Family, or any partnership (including limited liability companies and similar
entities) of which all of the partners or members are such Grantee or members of his or her Immediate Family; and the “Immediate
Family” of a Grantee means the Grantee’s spouse, any person sharing the Grantee’s household (other than a tenant
or employee), children, stepchildren, grandchildren, parents, stepparents, siblings, grandparents, nieces and nephews. Such Award
may be exercised by such Permitted Transferee in accordance with the terms of the Award Document. If so determined by the Committee,
a Grantee may, in the manner established by the Committee, designate a beneficiary or beneficiaries to exercise the rights of
the Grantee, and to receive any distribution with respect to any Award upon the death of the Grantee. A transferee, beneficiary,
guardian, legal representative or other person claiming any rights under the Plan from or through any Grantee shall be subject
to and consistent with the provisions of the Plan and any applicable Award Document, except to the extent the Plan and Award Document
otherwise provide with respect to such persons, and to any additional restrictions or limitations deemed necessary or appropriate
by the Committee.

 

25.
Governing Law. The validity, performance, construction and effect of this Plan shall, except to the extent preempted by
federal law, be governed by the laws of the state of Delaware, without giving effect to principles of conflicts of law.

 

 

 17

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00291-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00291-of-00352.parquet"}]]