Document:

Exhibit 10.8

 

FIRST AMENDMENT TO PROMISSORY NOTE

 

THIS FIRST AMENDMENT TO PROMISSORY NOTE (the “Amendment”)
is dated as of the 5th day of August, 2020 and is made by and between FinTech Acquisition Corp. IV (the “Maker”)
and FinTech Investor Holdings IV, LLC (the “Payee”).

 

RECITALS

 

		A.	Maker executed that certain Promissory Note dated June 12, 2019 in the principal sum of up to Five Hundred Thousand dollars
($500,000) (the “Note”).

 

		B.	The Note matured on September 30, 2019.

 

		C.	Maker and Payee have agreed to make certain amendments to the Note.

 

		D.	Unless otherwise set forth herein, all other provisions of the Note shall remain in full force and effect.

 

		E.	All capitalized terms not defined in this Amendment will have the meanings given to them in the Note.

 

In consideration of these promises, the mutual covenants contained
in this Amendment and other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the parties
agree as follows:

 

		1.	Section 1 of the Note is hereby amended and restated
in its entirety to read as follows:

 

“Principal. The entire
unpaid principal balance of Note shall be payable on the earlier of: (i) December 31, 2020, or (ii) the date on which
Maker consummates an initial public offering (“IPO”) of its securities (such earlier date, the “Maturity
Date”). The principal balance may be prepaid at any time.”

 

		2.	Section 8 of the Note is hereby amended and restated
in its entirety to read as follows:

 

“Notices. Any notice called
for hereunder shall be deemed properly given if (i) sent by certified mail, return receipt requested, (ii) personally delivered,
(iii) dispatched by any form of private or governmental express mail or delivery service providing receipted delivery, (iv) sent
by facsimile or (v) sent by e-mail, to the following addresses or to such other address as either party may designate by notice
in accordance with this Section:

 

    

     

    

 

If to Maker:

 

FinTech Acquisition Corp. IV

2929 Arch Street, Suite 1703

Philadelphia, PA 19104

Attention: James McEntee

Email: jmce@stbwell.com

 

If to Payee:

 

FinTech Investor Holdings IV,
LLC

3 Columbus Circle, 24th Floor

New York, NY 10019

Attention: Daniel Cohen

Email: dcohen@cohenandcompany.com

 

Notice shall be deemed given on the
earlier of (i) actual receipt by the receiving party, (ii) the date shown on a facsimile transmission confirmation, (iii) the date
on which an e-mail transmission was received by the receiving party’s online access provider, (iv) the date reflected on a signed
delivery receipt, or (vi) two (2) business days following tender of delivery or dispatch by express mail or delivery service.”

 

[SIGNATURES
APPEAR ON FOLLOWING PAGE]

 

    Page
                                         2

     

    

 

IN WITNESS WHEREOF,
the parties have caused this Amendment to be duly executed as of the date first above written.

 

	 	MAKER:
	 	 	 
	 	FINTECH ACQUISITION CORP. IV
	 	 	 
	 	By:	/s/
    James J. McEntee, III
	 	Name: 	James J. McEntee, III
	 	Title:	President
	 	 	 
	 	PAYEE:
	 	 	 
	 	FINTECH INVESTOR HOLDINGS IV, LLC
	 	 	 
	 	By:	/s/
    Daniel G. Cohen
	 	Name: 	Daniel G. Cohen
	 	Title:  	Authorized Signatory

 

Signature page to First Amendment to Promissory NoteByrna Technologies Inc. 8-K

 

 

 Exhibit
10.1

 

 

Byrna Technologies Inc.OFFICE lOOBumRoad Sulte115 Andover, MA
01810 978.868.5011 lnfO@byma.com August 20, 2020David North Wellesley, MAVia email to: davidnorth.5000@gmail.comDear David,I am
pleased to formally offer you the position of Chief Financial Officer of Byrna Technologies Inc. starting August 31, 2020. As
CFO you will work out of the corporate headquarters in Andover MA and will report directly to the CEO. We are excited about working
with you and believe you can make a strong contribution to the success of the Company. Responsibilities As Chief Financial Officer
you will be responsible for oversight of the Finance Department including• Responsibility for all SEC Financial Reporting
including preparation of the Company's Consolidated Financial Statements. • Working with the CEO to build out a cost-effective
financial department including such additional personnel as are necessary to support reporting, audit and SEC filing processes
and to eliminate the existing material weaknesses by Fiscal 2020 year end. • Interfacing with the Company's Independent Accountants
to ensure timely and satisfactory completion of all Interim Reviews and Audits. • Managing and Implementing all Special Projects
related to Accounting and Tax Compliance including State and Local Tax Compliance and Valuation Allowances for the Company's NOL
carryforwards. • Interfacing with the Company's Accountants to ensure timely and accurate preparation and filing of all periodic
and annual state, federal and foreign Income Tax Filings • Working with the CEO, CLO and outside advisors to identify any
tax and balance sheet considerations related to mergers, acquisitions and financing transactions • Reviewing, implementing
and maintaining procedures and internal reporting to ensure accuracy and integrity of financial information related to manufacturing
processes including cost accounting, product rationalization, and inventory management • Providing CEO with regular real
time updates on all key financial metrics including inventory manufacturing and sales data as are requested. • Ensuring month
end reporting to the CEO and CLO is completed within 7 days of each month's end. • Working with each department (including
CLO/Compliance/ HR/IR/ R&D) to develop and implement budgets and policies and procedures for vendor payment, patent and trademark
applications and maintenance, budget adjustments and ongoing monitoring including

    	 

    	 

    

automation of related processes, and personnel management to minimize
time burden on CEO and operating department heads. • Working with the CLO and outside consultants to formalize and implement
policies and procedures in the finance department to eliminate existing material weaknesses by year end. • Working with the
CLO to ensure practical and cost-effective establishment of policies and procedures to meet applicable standards under Sarbanes-Oxley
as well as related NASDAQ and SEC rules. • Supporting all efforts by the CLO and Director of Human Resources to facilitate
the development of a positive corporate culture, minimum standards and best practices. You will receive an annual base salary of
$250,000 USD, payable in equal bi-weekly installments. You will be eligible for a discretionary annual bonus targeted to be 30%
of annual base salary. You will also be eligible to participate in the Company's Long-term Incentive Plan (that is expected to
provide senior management with a package of RSU's ). This plan is designed to provide long-term incentive and participation in
the growth of the Company. This long-term incentive plan is being finalized for the Company by Korn Ferry and should be ready
for implementation shortly. Your long-term incentive package is expected to be comprised of 600,000 restricted stock units that
will vest based on "double triggers" of time and stock price appreciation . Your participation in the plan will start after 90
days with the Company. Benefits: You will be eligible to participate in the group health care plan and any other benefits the Company
provides for its employees. If elected, health care benefits are effective 30 days after your start date. The Company will pay
80% of the cost of the Company provided health insurance for you and your family. The Company's policies and plan documents govern
benefits provided to employees and should be consulted for the details of each plan. The Company will provide you with the relevant
documentation in connection with such benefits upon hire. In the Company's sole discretion, such plans, policies, or programs
may be adopted, modified or terminated from time to time, and this letter does not establish any vested rights in pay or benefits. Employment
Agreements Byrna is a publicly traded company. You cannot trade in the Company's securities without pre-clearing the trade with
the Company's Compliance Officer. You will be required to read and sign the company's Ethics Policy, Insider Trading Policy, Whistleblower
Policy and, when issued, the Employee Handbook. You will be required to sign a restrictive covenant agreement as a condition of
your employment or continued employment. vacation & PTO You will be entitled to vacation and PTO in keeping with Company policy
which currently affords senior executives three weeks of paid vacation and 6 personal days. PTO dates must be coordinated to assure
coverage in your absence and approved in advance by me. The Company reserves the right to modify its vacation and PTO policies
at any time, with or without notice.

    	 

    	 

    

Classification This position is exempt under the federal and Massachusetts
wage- hour laws. Accordingly, your salary is intended to compensate you for all hours worked, and you will not be eligible for
overtime compensation for hours worked in excess of 40 in any given workweek. At-Will Employment You will be an employee at will,
meaning that your employment is not for any set term and will continue until terminated either by you or the Company. You can
resign at any time you can quit at any and can be terminated at any time with or without cause. However, we request the courtesy
of two (2) weeks' notice if you intend to resign from your position. Your status as an at-will employee cannot be changed without
the express written approval of the Company's CEO. However, if you are able to achieve the goals set out for you, we expect this
to a long-term relationship. Executive Representations By accepting this offer, you warrant that prior to your acceptance of this
offer you have disclosed to the Company all potential restrictions upon your ability to comply with the terms of this offer and
fully perform your duties as an employee of the Company. Please notify me immediately if you are subject to a confidentiality,
non-compete, or non-solicitation agreement that that may restrict your activities at the Company. Please note that this letter
does not create a contract for employment or a contract for pay or benefits, nor shall it be construed as guaranteeing employment
for a specific period of time or for future employment and does not abrogate the at-will status of our employment with the Company.
Further the offer contained in this letter may be revoked by the Company at any time prior to acceptance. Please indicate your
acceptance by signing below and returning to me as soon as pos ible. I am looking forward to working together to bring Byrna to
the next level. Sincerely,Bryan S. Ganz Accepted:/s/ David North David North

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