Document:

Exhibit 10.4

 

Daseke,
Inc.

15455
Dallas Parkway, Suite 440

Addison,
Texas 75001

 

December
22, 2016

 

Prudential
Capital Partners IV, L.P.

Prudential
Capital Partners Management Fund IV, L.P.

Prudential
Capital Partners (Parallel Fund) IV, L.P.

c/o
Prudential Capital Group

2200
Ross Avenue, Suite 4300

Dallas,
TX 75201

Attention:
Timothy M. Laczkowski and Julia Buthman

Email:
tim.laczkowski@prudential.com and julia.buthman@prudential.com

 

Main
Street Capital Corporation

Main
Street Capital II, LP

Main
Street Mezzanine Fund, LP

1300
Post Oak Boulevard, Suite 800

Houston,
Texas 77056

	Attention:	Curtis
    L. Hartman,
	 	Senior
    Managing Director
	E-mail:	CHartman@mainstcapital.com

 

	Cc:	The Walden Group, Inc.
	 	15455
Dallas Parkway, Suite 440

Addison,
Texas 75001

	 	Attention:	Don
    R. Daseke
	 	 	President
	 	E-mail:	don@daseke.com
	 	Facsimile:	(972)
    248-0942

 

Hennessy
Capital Acquisition Corp. II

700
Louisiana Street, Suite 900

Houston,
Texas 77002

	 	Attention:	Daniel
    J. Hennessy, Kevin Charlton and Nicholas Petruska
	 	 	E-mail:dhennessy@hennessycapllc.com,
                                         kcharlton@hennessycapllc.com and

npetruska@hennessycapllc.com

 

Daseke,
Inc.

15455
Dallas Parkway, Suite 440

Addison,
Texas 75001

	 	Attention:	Don
    R. Daseke
	 	 	President
	 	E-mail:	don@daseke.com

 

		Re:	Side
                                         Letter

 

     

     

    

 

Dear
Ladies and Gentlemen:

 

Reference
is hereby made to the Agreement and Plan of Merger, dated as of the date hereof, by and among Daseke, Inc. (the “Company”),
Hennessy Capital Acquisition Corp. II (“HCACII”), HCAC Merger Sub, Inc. (“Merger Sub”),
and Don R. Daseke, solely in his capacity as Stockholder Representative (the “Merger Agreement”), pursuant
to which the Company will merge (the “Merger”) with and into Merger Sub, a wholly-owned subsidiary of HCACII.
In connection with the Merger, each of the undersigned parties (the “Parties”) hereby agrees as follows:

 

1. Definitions.
For purposes hereof, the following terms when used herein will have the respective meaning set forth below:

 

“Adjusted
Per Common Share Closing Merger Consideration” means the Per Common Share Closing Merger Consideration (as defined in
the Merger Agreement) calculated for purposes of this Letter Agreement as if the Main Street Pre-Closing Shares and the Prudential
Pre-Closing Shares were outstanding immediately prior to the Effective Time and held by the Main Street Entities and the Prudential
Entities, respectively, through and including the Effective Time.

 

“Affiliates”
has the meaning set forth in the Merger Agreement.

 

“Cash
Consideration” means the Main Street Cash Consideration (as defined below) and the Prudential Cash Consideration (as
defined below), collectively.

 

“Closing”
has the meaning set forth in the Merger Agreement.

 

“Daseke
Common Stock” means the common stock of the Company, par value $0.01 per share.

 

“Effective
Time” has the meaning set forth in the Merger Agreement.

 

“HCACII
Common Stock” means the common stock of HCACII, par value $0.0001 per share.

 

“HCACII
Trust” means the trust account of HCACII with Continental Stock Transfer & Trust Company, acting as trustee, established
under the HCACII Trust Agreement.

 

“HCACII
Trust Agreement” means the Investment Management Trust Agreement, dated as of July 22, 2015, by and between HCACII
and Continental Stock Transfer & Trust Company.

 

“Investment
Side Letter” means the Amended and Restated Investment Side Letter, dated October 2, 2014, by and among the Side Letter
Parties.

 

“Letter
Agreement” means this letter agreement.

 

    	 	2	 

     

    

 

“Main
Street Base Stock Consideration” means the number of shares of HCACII Common Stock equal to the greater of (i)
776,166 and (ii) the number of shares determined using the following formula:

 

(a)(i)(A)
the Main Street Pre-Closing Shares multiplied by (B) the Adjusted Per Common Share Closing Merger Consideration multiplied
by (C) $10.00, minus (ii) $19,404,130.62;

 

divided
by 

 

(b)
$10.00.

 

“Main
Street Cash Consideration” has the meaning set forth in Section 6(a).

 

“Main
Street Consideration” means the Main Street Cash Consideration and the Main Street Stock Consideration.

 

“Main
Street Entities” means, collectively, Main Street Capital Corporation, a Maryland corporation, Main Street Capital II,
LP, a Delaware limited partnership, and Main Street Mezzanine Fund, LP, a Delaware limited partnership.

 

“Main
Street Fraction” means a fraction, the numerator of which is the number of Main Street Pre-Closing Shares, and the denominator
of which is the number of Pre-Closing Shares.

 

“Main
Street Pre-Closing Shares” means the shares of Daseke Common Stock owned by the Main Street Entities as of the date
hereof.

 

“Main
Street Post-Closing Shares” means the shares of HCACII Common Stock issued to the Main Street Entities pursuant to Section
6.

 

“Main
Street Side Letter” means the Letter, dated November 18, 2015, from the Company and The Walden Group, Inc. to the Main
Street Entities.

 

“Main
Street Stock Consideration” has the meaning set forth in Section 6(a).

 

“Post-Closing
Sales” has the meaning set forth in Section 7(b).

 

“Post-Closing
Shares” means the Main Street Post-Closing Shares and the Prudential Post-Closing Shares, collectively.

 

“Pre-Closing
Shares” means the Main Street Pre-Closing Shares and the Prudential Pre-Closing Shares, collectively.

 

“Prospectus”
means that certain final prospectus, dated as of July 22, 2015, of HCACII, as filed with the Securities and Exchange Commission
on July 23, 2015.

 

“Prudential
Base Stock Consideration” means the number of shares of HCACII Common Stock equal to the greater of (i) 223,835
and (ii) the number of shares determined using the following formula:

 

(a)(i)(A)
the Prudential Pre-Closing Shares multiplied by (B) the Adjusted Per Common Share Closing Merger Consideration multiplied
by (C) $10.00, minus (ii) $5,595,869.38;

 

divided
by

 

(b)
$10.00.

 

    	 	3	 

     

    

 

“Prudential
Cash Consideration” has the meaning set forth in Section 6(b).

 

“Prudential
Consideration” means the Prudential Cash Consideration and the Prudential Stock Consideration.

 

“Prudential
Entities” means, collectively, Prudential Capital Partners IV, L.P., a Delaware limited partnership, Prudential Capital
Partners Management Fund IV, L.P., a Delaware limited partnership, and Prudential Capital Partners (Parallel Fund) IV, L.P., a
Delaware limited partnership.

 

“Prudential
Fraction” means a fraction, the numerator of which is the number of Prudential Pre-Closing Shares, and the denominator
of which is the number of Pre-Closing Shares.

 

“Prudential
Pre-Closing Shares” means the shares of Daseke Common Stock owned by the Prudential Entities as of the date hereof.

 

“Prudential
Post-Closing Shares” means the shares of HCACII Common Stock issued to the Prudential Entities pursuant to Section
6.

 

“Prudential
Side Letter” means the Letter, dated November 17, 2015, from the Company and The Walden Group, Inc. to the Prudential
Entities.

 

“Prudential
Stock Consideration” has the meaning set forth in Section 6(b).

 

“Put
Option” has the meaning set forth in the Investment Side Letter.

 

“Registration
Rights Agreement” means the Form of Amended and Restated Registration Rights Agreement to be entered into as of the
Closing of the Merger and attached to the Merger Agreement as Exhibit J thereto.

 

“Sale
Proceeds” means the aggregate cash from the Post-Closing Sales actually received by the Main Street Entities and the
Prudential Entities (net of any underwriting discounts or commissions or broker or similar fees that are paid out of such cash).

 

“Sales”
has the meaning set forth in Section 6(b).

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Side
Letter Parties” means, collectively, the Main Street Entities, the Prudential Entities, The Walden Group and the Company.

 

“Stock
Consideration” means the Main Street Stock Consideration and Prudential Stock Consideration, collectively.

 

    	 	4	 

     

    

 

“Stockholders
Agreement” means the Amended and Restated Stockholders Agreement, dated October 2, 2014, by and among the Company, The
Walden Group, Inc., the Main Street Entities, the Prudential Entities, and certain other stockholders of the Company, as amended.

 

“Term
Facility” means the $350.0 million term loan B facility to be obtained by Merger Sub in connection with the Merger.

 

“The
Walden Group” means The Walden Group, Inc., a Delaware corporation.

 

2. Waiver
of Rights of First Refusal. The Side Letter Parties hereby agree to waive any and all right and option to exercise the
right of first refusal as provided in Section 1 of the Investment Side Letter in connection with any transfer of Securities
(as defined in the Investment Side Letter) deemed to have occurred pursuant to the Merger and the transactions contemplated
in the Merger Agreement and in this Letter Agreement.

 

3. Waiver
of Put Option. Subject to (a) the performance by the Company and HCACII of their covenants and obligations contained
herein to be performed at or prior to the Closing (including, without limitation, delivery of the Main Street Consideration
and the Prudential Consideration), (b) the payment in full of all amounts then outstanding under each of (i) the Original
Notes (as defined in the Investment Side Letter) with respect to the Prudential Entities and (ii) the Main Street Notes (as
defined in the Investment Side Letter) with respect to the Main Street Entities (clauses (i) and (ii) are collectively
referred to as the “Payoff”), and (c) consummation of the Closing of the Merger Agreement, the Side Letter
Parties hereby waive any and all right and option of the Main Street Entities and the Prudential Entities, respectively, to
exercise the Put Option as a result of the Closing and the Payoff. Notwithstanding anything in this Letter Agreement to the
contrary, if the Closing does not occur for any reason, the Side Letter Parties shall be deemed not to have waived the Put
Option and the Investment Side Letter, Main Street Side Letter and Prudential Side Letter shall not be terminated (as
contemplated by Section 5) and shall remain in full force and effect.

 

4. Consent
to Merger.

 

(a)
Each of the Main Street Entities and the Prudential Entities agrees that it shall provide an executed counterpart signature
page to the Omnibus Consent, Notice, Waiver, Amendment and Termination Agreement attached as Exhibit H to the Merger
Agreement (the “Omnibus Agreement”) within six (6) hours of the execution of the Merger Agreement; provided,
that the Company shall have provided the Main Street Entities and the Prudential Entities with execution versions of the
Omnibus Agreement and Merger Agreement prior to the execution of this Letter Agreement, and the Company and HCACII agree that
such execution versions shall not be modified prior to the execution of such documents by the parties thereto and the
delivery of such documents to the Company’s stockholders.

 

    	 	5	 

     

    

 

(b)
Notwithstanding anything to the contrary in the Omnibus Agreement, with respect to the resolution set forth in Section 1 of
the Omnibus Agreement stating that the parties to the Omnibus Agreement agree (on their own behalf and on behalf of their
successors-in-interest, transferees or assignees) to forego participation as a plaintiff or member of a plaintiff class in
any action (including any class action) with respect to any claim, direct, derivative or otherwise, based solely on their
status as stockholders of the Company, relating to the negotiation, execution or delivery of the Omnibus Agreement or the
Merger Agreement or the consummation of (but not the failure to consummate) the Merger and the other transactions
contemplated by the Merger Agreement, and to take all necessary steps to affirmatively waive and release any right or claim
of recovery or recovery in any settlement or judgment related to any such action reasonably requested by HCACII in writing,
each of the Parties agrees that, notwithstanding the execution of the Omnibus Agreement by the Main Street Entities and the
Prudential Entities after the execution hereof, such resolution shall not (i) apply to the Main Street Entities and the
Prudential Entities, and the Main Street Entities and the Prudential Entities reserve all rights with respect to any claims,
direct, derivative or otherwise, based on their status as stockholders of and lenders to the Company, including but not
limited to any claims arising from the negotiation, execution or delivery of the Omnibus Agreement, the Merger Agreement,
this Letter Agreement or the consummation of (but not the failure to consummate) the Merger and the other transactions
contemplated thereby, (ii) constitute (A) a waiver of, or a consent to, any provision of any loan or securities
purchase agreement or related document or agreement (collectively, the “Loan Documents”) to which any of
the Main Street Entities or Prudential Entities is a party, or any present or future violation of, or default under, any
provision of the Loan Documents, or (B) a waiver of any of the Main Street Entities’ or the Prudential Entities’
right to insist upon future compliance with each term, covenant, condition and provision of the Loan Documents, and (iii)
waive, release or discharge any claims relating to the right to receive any consideration due to the Main Street Entities or
the Prudential Entities pursuant to this Letter Agreement.

 

5. Termination
of Side Letters.

 

(a)
The Side Letter Parties agree that the Investment Side Letter shall automatically and without further action terminate when
(i) the Main Street Entities no longer hold any Pre-Closing Shares and have received the Main Street Consideration and (ii)
the Prudential Entities no longer hold any Pre-Closing Shares and have received the Prudential Consideration.

 

(b)
The Main Street Entities, The Walden Group and the Company agree that the Main Street Side Letter shall terminate
automatically and without further action when the Main Street Entities no longer hold any Pre-Closing Shares and have
received the Main Street Consideration.

 

(c)
The Prudential Entities, The Walden Group and the Company agree that the Prudential Side Letter shall automatically and
without any further action terminate when the Prudential Entities no longer hold any Pre-Closing Shares and have received the
Prudential Consideration.

 

    	 	6	 

     

    

 

6. Purchase
of Shares Prior to Closing.

 

(a) Purchase
of Main Street Pre-Closing Shares. Subject to the terms of this Letter Agreement, HCACII agrees to purchase from the
Main Street Entities immediately prior to the Closing, and the Main Street Entities agree to sell and transfer all right,
title and interest to (the “Main Street Sale”) all of the Main Street Pre-Closing Shares to HCACII (the
“Main Street Closing”). Subject to Section 6(c), in consideration for the Main Street Sale, HCACII
agrees to (i) pay to the Main Street Entities an amount in cash equal to $19,404,130.62 (subject to pre-Closing adjustment as
provided in Section 6(c), the “Main Street Cash Consideration”) and (ii) issue to the Main Street
Entities the Main Street Base Stock Consideration (subject to pre-Closing adjustment as provided in Section 6(c), and,
as adjusted, the “Main Street Stock Consideration”). At the Main Street Closing, each of the Main Street
Entities shall deliver to HCACII a stock certificate or certificates evidencing such entity’s Main Street Pre-Closing
Shares, free and clear of all encumbrances (other than restrictions on transfer arising under the Company’s
organizational documents or applicable securities law), duly endorsed in blank or accompanied by stock powers or other
instruments of transfer duly executed in blank, and HCACII at the Closing shall (x) deliver to the Main Street Entities the
Main Street Cash Consideration by wire transfer of immediately available funds to an account designated in writing by the
Main Street Entities to HCACII no later than two (2) business days before the Main Street Closing, (y) issue the applicable
portion of the Main Street Stock Consideration to each of the Main Street Entities, and (z) pay all outstanding and invoiced
reasonable fees and expenses of the Main Street Entities’ legal counsel incurred in connection with the preparation,
negotiation and execution of this Letter Agreement and all related documentation reviewed or entered into by the Main Street
Entities in connection with the Merger Agreement; provided, however, that if the Main Street Closing does not
occur on or prior to March 15, 2017, the Company shall instead pay such outstanding fees and expenses on such
date.

 

(b) Purchase
of Prudential Pre-Closing Shares. Subject to the terms of this Letter Agreement, HCACII agrees to purchase from the
Prudential Entities immediately prior to the Closing, and the Prudential Entities agree to sell and transfer all right, title
and interest to (the “Prudential Sale” and together with the Main Street Sale, the
“Sales”) all of the Prudential Pre-Closing Shares to HCACII (the “Prudential Closing”).
Subject to Section 6(c), in consideration for the Prudential Sale, HCACII agrees to (i) pay to the Prudential Entities
an amount in cash equal to $5,595,869.38 (subject to pre-Closing adjustment as provided in Section 6(c), the
“Prudential Cash Consideration”) and (ii) issue to the Prudential Entities the Prudential Base Stock
Consideration (subject to pre-Closing adjustment as provided in Section 6(c), and, as adjusted, the
“Prudential Stock Consideration”). At the Prudential Closing, each of the Prudential Entities shall
deliver to HCACII a stock certificate or certificates evidencing such entity’s Prudential Pre-Closing Shares, free and
clear of all encumbrances (other than restrictions on transfer arising under the Company’s organizational documents or
applicable securities law), duly endorsed in blank or accompanied by stock powers or other instruments of transfer duly
executed in blank, and HCACII shall at the Closing (x) deliver to the Prudential Entities the Prudential Cash Consideration
by wire transfer of immediately available funds to an account designated in writing by the Prudential Entities to HCACII no
later than two (2) business days before the Prudential Closing, (y) issue the applicable portion of the Prudential Stock
Consideration to each of the Prudential Entities and (z) pay all outstanding and invoiced reasonable fees and expenses of the
Prudential Entities’ legal counsel incurred in connection with the preparation, negotiation and execution of this
Letter Agreement and all related documentation reviewed or entered into by the Prudential Entities in connection with the
Merger Agreement; provided, however, that if the Prudential Closing does not occur on or prior to March 15,
2017, the Company shall instead pay such outstanding fees and expenses on such date.

 

    	 	7	 

     

    

 

(c) Adjustment
of Allocation of Consideration

 

(i)
The allocation of the Main Street Consideration and the Prudential Consideration between cash and shares of HCACII Common
Stock is subject to adjustment as provided in this Section 6(c)(i):

 

(A)
To the extent there is any Additional Cash (as defined below), then for each $10.00 of Additional Cash (1)(A) the number of
shares constituting the Main Street Base Stock Consideration shall automatically be reduced by a fraction of a share of
HCACII Common Stock equal to (x) the Main Street Fraction multiplied by (y) one share of HCACII Common Stock and (B)
the number of shares constituting the Prudential Base Stock Consideration shall automatically be reduced by a fraction of a
share of HCACII Common Stock equal to (x) the Prudential Fraction multiplied by (y) one share of HCACII Common Stock; provided, however,
any fractional share of HCACII Common Stock that would otherwise be issued under this Section 6(c)(i)(A) shall be
rounded-up to the nearest whole share; and (2)(A) the Main Street Cash Consideration shall be increased by an amount equal to
(x) $10.00 multiplied by (y) the Main Street Fraction and (B) the Prudential Cash Consideration shall be increased by
an amount equal to (x) $10.00 multiplied by (y) the Prudential Fraction. Any Additional Cash shall be applied to the
adjustment set forth in this Section 6(c)(i)(A) on a first dollar basis (and shall not be used by HCACII, the Company
or any of their Affiliates for any other purpose; provided that HCACII may use other cash to make the payments
required hereunder in substitution of the cash that will be released to it from the HCACII Trust, in which case, upon such
required payments being made, such released cash shall not be subject to the restriction in this parenthetical) until the
Main Street Stock Consideration and the Prudential Stock Consideration is reduced to zero Post-Closing Shares.

 

(B)
In addition, HCACII has the option, in its sole discretion (subject to compliance with applicable law and any applicable
restrictions contained in agreements by which HCACII is bound), to reduce the Stock Consideration to be paid in the Sales,
such that (1) for each reduction in the Stock Consideration by one share of HCACII Common Stock, (A) the Main Street Base
Stock Consideration shall be reduced by a fraction of a share of HCACII Common Stock equal to (x) the Main Street Fraction multiplied
by (y) one share of HCACII Common Stock, and (B) the Prudential Base Stock Consideration shall be reduced by a fraction
of a share of HCACII Common Stock equal to (x) the Prudential Fraction multiplied by (y) one share of HCACII Common
Stock; provided, however, any fractional share of HCACII Common Stock that would otherwise be issued under this Section
6(c)(i)(B) shall be rounded-up to the nearest whole share; and (2) HCACII shall make a corresponding increase in the Cash
Consideration equal to (x) $10.00 multiplied by (y) the decrease in the number of shares of Stock Consideration
pursuant to clause (1) (such amount of cash, the “Cash Increase”), such that (A) the Main Street Cash
Consideration shall be increased by an amount equal to (x) the Cash Increase multiplied by (y) the Main Street
Fraction and (B) the Prudential Cash Consideration shall be increased by an amount equal to (x) the Cash Increase multiplied
by (y) the Prudential Fraction.

 

    	 	8	 

     

    

 

(ii)
Not less than one (1) business day prior to the Closing, HCACII shall deliver to the Main Street Entities and the Prudential
Entities a certificate of an authorized officer of HCACII setting forth a detailed calculation of:

 

(A)
the amount of cash, if any, in the HCACII Trust that will not be used to satisfy redemptions of shares of HCACII Common Stock
by HCACII’s Public Stockholders (as defined below) (the “Additional Cash”);

 

(B)
the Company’s determination of the Adjusted Per Common Share Closing Merger Consideration;

 

(C)
the adjustments, if any, to be made to the Main Street Base Stock Consideration, the Prudential Base Stock Consideration, the
Main Street Cash Consideration, and the Prudential Cash Consideration pursuant to Section 6(c)(i)(A); and

 

(D)
the adjustments, if any, to be made to the Main Street Base Stock Consideration, the Prudential Base Stock Consideration, the
Main Street Cash Consideration, and the Prudential Cash Consideration at the election of HCACII pursuant to Section
6(c)(i)(B).

 

(iii)
In no event shall any fractional shares of HCACII Common Stock be issued to the Main Street Entities or the Prudential
Entities pursuant to this Letter Agreement (with any fractional share that would otherwise be issued rounded up to the
nearest whole share).

 

(d)
The Parties agree that the Main Street Closing, the Prudential Closing and the Closing shall occur on the same
day.

 

7. Sale
of Post-Closing Shares.

 

(a)
In the event that the Main Street Entities or the Prudential Entities owns Post-Closing Shares, HCACII agrees that it shall
use its reasonable best efforts to register the Post-Closing Shares in accordance with the terms and provisions of the
Registration Rights Agreement as soon as reasonably practicable following the consummation of the Merger but, notwithstanding
anything in the Registration Rights Agreement to the contrary, within sixty (60) days but in no event later than ninety (90)
days following the consummation of the Merger. None of the Main Street Entities or the Prudential Entities shall be subject
to any lock-up agreement with respect to the Post-Closing Shares. HCACII shall pay all reasonable fees and expenses incident
to the registration of the Post-Closing Shares including, but not limited to, all registration fees, printing costs, fees,
expenses of HCACII’s legal counsel, independent registered public accounting firm and any other Persons retained by
HCACII in connection with such registration or any other fees or expenses incurred by HCACII and the fees and expenses of
legal counsel and advisors for the Main Street Entities and the Prudential Entities participating in such registration. Each
of the Main Street Entities and the Prudential Entities shall furnish to the Company such information regarding itself as is
reasonably required to effect the registration of such Post-Closing Shares. HCACII shall indemnify and hold harmless each of
the Main Street Entities and the Prudential Entities, and each of their respective directors and officers, each Person who
participates as an underwriter (within the meaning of the Securities Act) for the Post-Closing Shares in the offering or sale
of such securities and each other Person, if any, who controls any of the Main Street Entities or the Prudential Entities or
any such underwriter, from and against any and all losses, claims, damages and liabilities (including reasonable fees and
expenses of counsel) to the extent arising from or based upon any untrue statement or alleged untrue statement of
material fact contained in (or incorporated by reference in) any registration statement under the Securities Act, any
preliminary prospectus, final prospectus or any post-effective amendment thereto or, or any summary prospectus included
therein, any amendment or supplement thereto, or application or other filing under any state securities law required to be
filed or furnished or any omission or alleged omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, and HCACII and the Company will reimburse each of the Main Street
Entities and the Prudential Entities and each such director, officer, underwriter and controlling Person for any legal or any
other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, liability,
action or proceeding, except insofar as such losses, claims, damages or liabilities arise out of or are based upon any such
untrue statement or alleged untrue statement or omission or alleged omission in reliance upon and in conformity with written
information furnished to the Company through an instrument duly executed by the Main Street Entities or the Prudential
Entities specifically stating that it is for use in the preparation thereof. Such indemnity shall remain in full force and
effect regardless of any investigation made by or on behalf of any of the Main Street Entities or the Prudential Entities or
any such director, officer, underwriter or controlling Person and shall survive the transfer of such securities by any of the
Main Street Entities or the Prudential Entities. For the avoidance of doubt, if any provisions of the Registration Rights
Agreement conflict with, or are less favorable to the Main Street Entities and the Prudential Entities than, the provisions
of this Section 7(a), this Section 7(a) shall apply with respect to HCACII’s obligations to the Main
Street Entities and the Prudential Entities. Furthermore, for the avoidance of doubt, notwithstanding any provision in the
Registration Rights Agreement to the contrary, (i) HCACII will be responsible for the reasonable fees and expenses of
legal counsel for each of the Main Street Entities and the Prudential Entities participating in a Registration (as defined in
the Registration Rights Agreement) and (ii) HCACII will not require, and will use reasonable best efforts to cause
underwriters to not require, the Main Street Entities and the Prudential Entities to agree to any lock up agreement, market
standoff agreement or holdback agreement (it being understood that the underwriter(s) to be selected for certain offerings
will not be chosen by HCACII).

 

    	 	9	 

     

    

 

(b)
Upon registration of the Post-Closing Shares, HCACII shall use its reasonable best efforts to facilitate and identify
potential buyers for the Main Street Entities and the Prudential Entities to sell the Post-Closing Shares on the open market
or in one or more negotiated sales, in each case in consultation with and subject to the reasonable approval of the Main
Street Entities and the Prudential Entities (any such sale, a “Post-Closing Sale”); provided, however,
that in no event shall the Main Street Entities and the Prudential Entities be determined to have unreasonably withheld any
such approval if any such Post-Closing Sale would result in the Main Street Entities or the Prudential Entities receiving
less than the then-applicable market price for their respective Post-Closing Shares less customary underwriting discounts and
commissions or broker or similar fees, as applicable. Each of the Main Street Entities and the Prudential Entities shall
cooperate reasonably with HCACII and its financial and legal advisors to consummate Post-Closing Sales.

 

(c)
Upon the date (the “Determination Date”) that is the earlier to occur of (i) such time that all
Post-Closing Shares have been sold and (ii) the date that is 120 days after the Closing, in the event that the Sale Proceeds
are less than the amount (such amount, the “Minimum Proceeds”) equal to (x) the number of Post-Closing
Shares multiplied by (y) $10.00, HCACII shall, within five (5) business days of the Determination Date, make (A) a
cash payment to the Main Street Entities by wire transfer of immediately available funds to an account designated in writing
by the Main Street Entities to HCACII no later than two (2) business days before the Determination Date in an amount equal to
(1) (x) the Minimum Proceeds minus the (y) Sale Proceeds (such difference, the “Proceeds
Shortfall”), multiplied by (2) the Main Street Fraction, and (B) a cash payment to the Prudential Entities
by wire transfer of immediately available funds to an account designated in writing by the Prudential Entities to HCACII no
later than two (2) business days before the Determination Date in an amount equal to (x) the Proceeds Shortfall multiplied
by (y) the Prudential Fraction; provided, however, that to the extent HCACII is unable to pay such Proceeds Shortfall
payment in full within five (5) business days of the Determination Date as a result of any restrictions or prohibitions on
payment of such Proceeds Shortfall under HCACII’s and/or the Company’s credit facilities, HCACII shall deliver to
each of the Main Street Entities and the Prudential Entities a promissory note of HCACII, in the principal amount equal to
the applicable unpaid portion of such Proceeds Shortfall due and payable to the Main Street Entities and the
Prudential Entities, dated such date and duly executed and delivered by HCACII, having the following terms and provisions:
(a) each such promissory note shall mature upon the one year anniversary of the date of issuance thereof, (b) each such
promissory note shall bear interest payable quarterly at the rate of 14.5% per annum payable in cash or paid-in-kind
interest, and (c) the maturity of each such promissory note shall, at the option of the applicable Main Street Entities or
Prudential Entities, be accelerated in the event that interest or principal is not timely paid by HCACII and shall on the
date of default begin accruing interest at a default interest rate of 17.5% per annum. Upon the receipt by the Main Street
Entities and the Prudential Entities of their respective Sale Proceeds amounts and, if applicable, their respective Proceeds
Shortfall amounts (or the payment in full (including principal and interest) of any promissory note made pursuant to the
prior sentence, if applicable), each of the Main Street Entities and the Prudential Entities will surrender and forfeit any
and all rights to any and all remaining Post-Closing Shares to HCACII and each such entity shall execute such instruments and
documents as are reasonably necessary to effect such surrender and forfeiture; provided, however, that if (i)
no Proceeds Shortfall amounts are payable to the Main Street Entities and the Prudential Entities pursuant to this Section
7(c) or (ii) the Main Street Entities or the Prudential Entities, as applicable, elect to forfeit their right to receive
any Proceeds Shortfall otherwise due and payable under this Section 7(c), the Main Street Entities and the Prudential
Entities shall not be required to surrender and forfeit any remaining Post-Closing Shares held by such entity.

 

(d)
Each of HCACII and the Company agrees that, giving effect to any applicable and available “baskets” under
HCACII’s and/or the Company’s credit facilities that allow HCACII or the Company to pay the Proceeds Shortfall
without additional approvals of the lenders thereunder (it being understood that any basket available for such payment may be
subject to default or event of default blockers and other customary conditions, and the existence of such conditions shall
not be a breach of this clause (d)), (a) the payment of the Proceeds Shortfall, if any, shall at all times either not be
prohibited under or be permitted under any credit facility or other financing arrangement to which any of HCACII, the Company
or any of their Affiliates is or becomes a party, and (b) it shall not, nor shall it permit any of its Affiliates to,
directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on
the ability of HCACII to pay to the Main Street Entities and the Prudential Entities the Proceeds Shortfall, if
any.

 

    	 	10	 

     

    

 

8. Incentive
Payments. At Closing, HCACII shall make a (a) cash payment of $388,082.61 to the Main Street Entities (the
“Main Street Incentive Payment”) by wire transfer of immediately available funds to an account designated
in writing by the Main Street Entities to HCACII no later than two (2) business days before the Main Street Closing and (b)
cash payment of $111,917.39 to the Prudential Entities (the “Prudential Incentive Payment” and, together
with the Main Street Incentive Payment, the “Incentive Payments”) by wire transfer of immediately
available funds to an account designated in writing by the Prudential Entities to HCACII no later than two (2) business days
before the Prudential Closing; provided, however, that in the event that HCACII, pursuant to Section
6(c), pays cash for all of the Pre-Closing Shares in the Sales, no Incentive Payments shall be required or
made.

 

9. No
HCACII Liability. Notwithstanding anything herein to the contrary, HCACII shall have no liability arising under, or
related to, this Letter Agreement if the Closing of the Merger does not occur.

 

10. No
Claim Against HCACII Trust. Each of the Company, the Main Street Entities and the Prudential Entities hereto acknowledge
that it has read the Prospectus and that HCACII has established the HCACII Trust from the proceeds of its initial public
offering (“IPO”) and from certain private placements occurring simultaneously with the IPO for the benefit
of HCACII’s public stockholders (the “Public Stockholders”) and certain parties (including the
underwriters of the IPO) and that, except for a portion of the interest earned on the amounts held in the HCACII Trust,
HCACII may disburse monies from the HCACII Trust only: (a) to the Public Stockholders in the event they elect to redeem
the HCACII Common Stock in connection with the consummation of HCACII’s initial business combination (as such term is
used in the Prospectus) (“Business Combination”), (b) to the Public Stockholders if HCACII fails to
consummate a Business Combination within twenty-four months from the closing of the IPO, (c) any amounts necessary to
pay any taxes and for working capital purposes or (d) to, or on behalf of, HCACII after or concurrently with the
consummation of a Business Combination. Each of the Company, the Main Street Entities and the Prudential Entities agrees
that, it does not now and shall not at any time hereafter have any right, title, interest or claim of any kind (other than
its rights upon Closing or pursuant to Section 6(c)) in or to any monies in the HCACII Trust or distributions
therefrom, in each case prior to the Closing, or make any claim prior to the Closing against the HCACII Trust, regardless of
whether such claim arises based on contract, tort, equity or any other theory of legal liability (any and all such claims
are collectively referred to hereafter as the “Claims”). Each of the Company, the Main Street Entities and
the Prudential Entities hereby irrevocably waives any Claims it may have against the HCACII Trust (including any
distributions therefrom) arising prior to the Closing as a result of any negotiations, contracts or agreements with HCACII
and will not, prior to the Closing, seek recourse against the HCACII Trust (including any distributions therefrom) for any
reason whatsoever (including for an alleged breach of this Letter Agreement). For the avoidance of doubt, notwithstanding
anything to the contrary contained herein, the waivers under this Section 10 will continue to apply at and after
the Closing or termination of this Letter Agreement (as applicable) solely with respect to the distributions made to
redeeming Public Stockholders and for transaction expenses paid. Each of the Company, the Main Street Entities and the
Prudential Entities agrees and acknowledges that such irrevocable waiver is material to this Letter Agreement and
specifically relied upon by HCACII to induce it to enter into this Letter Agreement. This Section 10 shall not
limit the Company, the Main Street Entities or the Prudential Entities’ right to seek specific performance against
HCACII pursuant to Section 14(j), including the right to seek specific performance against HCACII to require
HCACII to take such actions contemplated by this Letter Agreement, and to comply with the terms of the HCACII Trust
Agreement, including distribution of funds from the HCACII Trust in accordance with the terms of this Letter Agreement
and upon the Closing in accordance with the terms of the Merger Agreement.

 

    	 	11	 

     

    

 

11. Shares
Deemed Outstanding. For the avoidance of doubt, each of the Parties acknowledges and agrees that, subject to the
performance by the Company and HCACII of its respective covenants and obligations contained herein to be performed at or
prior to the Closing, (a) HCACII will be considered to be the holder of the Pre-Closing Shares as of immediately prior to the
Effective Time and the Closing under and for the purposes of the Merger Agreement and (b) the Main Street Entities and the
Prudential Entities will receive no consideration under the Merger Agreement.

 

12. Condition
to the Merger; Amendment of Registration Rights Agreement. Each of HCACII and the Company agrees that the Closing of the
Merger shall not occur unless the Sales have been consummated. In addition, each of HCACII and the Company agrees that (a)
the Merger Agreement shall not be amended, and no provision thereunder shall have been waived, in any manner that is material
and adverse to the Main Street Entities and the Prudential Entities (or adversely affects the consideration to be received by
the Main Street Entities and the Prudential Entities under this Letter Agreement), and (b) the Registration Rights Agreement
shall not be changed prior to its execution by the parties contemplated to be parties thereto in a manner that is material
and adverse to the Main Street Entities and the Prudential Entities, in each case without the prior written consent of each
of the Main Street Entities and the Prudential Entities.

 

13. Representations
and Warranties; Limitation of Liability.

 

(a) Main
Street Entities.

 

(i)
Each Main Street Entity severally and not jointly represents and warrants to HCACII and the Company as follows:

 

(A)
Such Main Street Entity owns, of record and beneficially, the Main Street Pre-Closing Shares to be conveyed by such Main
Street Entity to HCACII pursuant to Section 6 free and clear of all encumbrances (other than restrictions on transfer
arising under the Company’s organizational documents or applicable securities law). At the Main Street Closing, HCACII
will obtain good and valid title to the Main Street Pre-Closing Shares conveyed by such Main Street Entity, of record and
beneficially, free and clear of all encumbrances (other than restrictions on transfer arising under the Company’s
organizational documents or applicable securities law).

 

(B)
Such Main Street Entity represents that by reason of its, or of its management’s, business, or financial experience,
such Main Street Entity has the capacity to protect its own interests in connection with the transactions contemplated in
this Letter Agreement. Such Main Street Entity has experience as an investor in securities of companies in the development
stage and acknowledges that it is able to fend for itself and has such knowledge and experience in financial or business
matters that it is capable of evaluating the merits and risks of entering into this Letter Agreement.

 

    	 	12	 

     

    

 

(C)
Such Main Street Entity is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by
the Securities and Exchange Commission under the Securities Act.

 

(ii)
Each of HCACII and the Company agrees that (A) the maximum aggregate liability of any Main Street Entity under this Letter
Agreement and the transactions contemplated hereby shall not exceed the aggregate amount of the Main Street Stock
Consideration and the Main Street Cash Consideration actually received by such Main Street Entity hereunder, and
(B) that no Main Street Entity or any of its Affiliates shall be liable to HCACII, the Company, or any other Person for
any obligations of the Company or any Stockholder (as defined in the Merger Agreement) under the Merger Agreement or any of
the other Transaction Documents.

 

(b) Prudential
Entities.

 

(i)
Each Prudential Entity severally and not jointly represents and warrants to HCACII and the Company as follows:

 

(A)
Such Prudential Entity owns, of record and beneficially, the Prudential Pre-Closing Shares to be conveyed by such Prudential
Entity to HCACII pursuant to Section 6 free and clear of all encumbrances (other than restrictions on transfer arising
under the Company’s organizational documents or applicable securities law). At the Prudential Closing, HCACII will
obtain good and valid title to the Prudential Pre-Closing Shares conveyed by such Prudential Entity, of record and
beneficially, free and clear of all encumbrances (other than restrictions on transfer arising under the Company’s
organizational documents or applicable securities law).

 

(B)
Such Prudential Entity represents that by reason of its, or of its management’s, business, or financial experience,
such Prudential Entity has the capacity to protect its own interests in connection with the transactions contemplated in this
Letter Agreement. Such Prudential Entity has experience as an investor in securities of companies in the development stage
and acknowledges that it is able to fend for itself and has such knowledge and experience in financial or business matters
that it is capable of evaluating the merits and risks of entering into this Letter Agreement.

 

(C)
Such Prudential Entity is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by
the Securities and Exchange Commission under the Securities Act.

 

(ii)
Each of HCACII and the Company agrees that (A) the maximum aggregate liability of any Prudential Entity under this Letter
Agreement and the transactions contemplated hereby shall not exceed the aggregate amount of the Prudential Stock
Consideration and the Prudential Cash Consideration actually received by such Prudential Entity hereunder, and (B) that
no Prudential Entity or any of its Affiliates shall be liable to HCACII, the Company, or any other Person for any obligations
of the Company or any Stockholder (as defined in the Merger Agreement) under the Merger Agreement or any of the other
Transaction Documents.

 

    	 	13	 

     

    

 

14. General
Provisions.

 

(a) Notices.
Except as may be otherwise provided herein, all notices, requests, waivers and other communications made pursuant to this
Letter Agreement shall be in writing and shall be conclusively deemed to have been duly given i) when hand delivered to the
other party; ii) when received when sent by facsimile at the address and number set forth below; iii) three business days
after deposit in the U.S. mail with first class or certified mail receipt requested postage prepaid and addressed to the
other party as set forth below; or iv) the next business day after deposit with a national overnight delivery service,
postage prepaid, addressed to the parties as set forth below with next business day delivery guaranteed; provided that
the sending party receives a confirmation of delivery from the delivery service provider. Copies of all notices (which shall
not constitute official “notice”) shall, wherever reasonably practicable, also be sent by email.

 

To
the Company:

 

15455
Dallas Parkway, Suite 440

Addison,
Texas 75001

Attn:
Don R. Daseke and R. Scott Wheeler

E-mail:
don@daseke.com; scott@daseke.com

Facsimile:
(972) 248-0942

 

With
a copy to:

 

Vinson
& Elkins L.L.P.

2001
Ross Avenue, Suite 3700

Dallas,
Texas 75201

Attn:
Christopher G. Schmitt and Alan J. Bogdanow

E-mail:
cschmitt@velaw.com; abogdanow@velaw.com

Facsimile:
(214) 999-7857

 

To
HCACII:

 

Hennessy
Capital Acquisition Corp. II

700
Louisiana Street, Suite 900

Houston,
Texas 77002

Attention:
Daniel J. Hennessy, Kevin Charlton and Nicholas Petruska

E-mail:
dhennessy@hennessycapllc.com, kcharlton@hennessycapllc.com and npetruska@hennessycapllc.com

 

    	 	14	 

     

    

 

With
a copy to:

 

Sidley
Austin LLP

One
South Dearborn Street

Chicago,
IL 60603

Attention:
Jeffrey N. Smith and Dirk W. Andringa

Facsimile: (312) 853-7036

Email: jnsmith@sidley.com and dandringa@sidley.com

 

To
the Main Street Entities:

 

Main
Street Capital Corporation

Main
Street Capital II, LP

Main
Street Mezzanine Fund, LP

1300
Post Oak Boulevard, Suite 800

Houston,
Texas 77056

Attention:
Curtis L. Hartman, Senior Managing Director

Email:
CHartman@mainstcapital.com

 

To
the Prudential Entities:

 

Prudential
Capital Partners IV, L.P.

Prudential
Capital Partners Management Fund IV, L.P.

Prudential
Capital Partners (Parallel Fund) IV, L.P.

c/o
Prudential Capital Group

2200
Ross Avenue, Suite 4300

Dallas,
TX 75201

Attention:
Timothy M. Laczkowski and Julia Buthman

Email:
tim.laczkowski@prudential.com and julia.buthman@prudential.com

 

(b) Termination.
(i) In the event that the Closing has not occurred on or before June 30, 2017, then this Letter Agreement and the respective
rights and obligations of the Parties hereunder shall automatically terminate and be of no further force and effect and (ii)
this Letter Agreement and the respective rights and obligations of the Parties hereunder shall automatically terminate and be
of no further force and effect if the Merger Agreement is terminated pursuant to its terms; provided, however,
that the provisions of Section 14 and the obligations of the Company under Section 6(a)(z) and Section
6(b)(z) shall survive any such termination of this Letter Agreement.

 

(c)
Entire Agreement. This Letter Agreement constitutes and contains the entire agreement and understanding of
the Parties with respect to the subject matter hereof, and this Letter Agreement supersedes any and all prior
negotiations, correspondence, agreements, understandings, duties or obligations between the Parties respecting the subject
matter hereof.

 

(d) Governing
Law. This Letter Agreement shall be governed by and construed exclusively in accordance with the internal laws of the
State of Delaware, excluding that body of law relating to conflict of laws and choice of law.

 

(e) Severability.
If one or more provisions of this Letter Agreement are held to be unenforceable under applicable law, then such provision(s)
shall be excluded from this Letter Agreement and the balance of this Letter Agreement shall be interpreted as if such
provision(s) were so excluded and shall be enforceable in accordance with its terms.

 

    	 	15	 

     

    

 

(f) Third
Parties. Nothing in this Letter Agreement, express or implied, is intended to confer upon any Person, other than the
Parties and their permitted successors and assigns, any rights or remedies under or by reason of this Letter
Agreement.

 

(g) Successors
and Assigns. The provisions of this Letter Agreement shall inure to the benefit of, and shall be binding upon, the
permitted successors and permitted assigns of the Parties.

 

(h) Captions.
The headings preceding the text of paragraphs of this Letter Agreement have been inserted for identification and reference
purposes only and shall not be used to construe or interpret this Letter Agreement. References to paragraphs are to the
paragraphs contained in, referred to or attached to this Letter Agreement, unless otherwise specified.

 

(i) Counterparts.
This Letter Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument.

 

(j) Specific
Performance. The Parties recognize and agree that money damages may be insufficient to compensate any party hereto for
breaches by another party hereto of the terms hereof and, consequently, that the equitable remedy of specific performance of
the terms hereof will be available in the event of any such breach.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[The
remainder of this page is left intentionally blank.]

 

    	 	16	 

     

    

 

IN
WITNESS WHEREOF, the Parties have executed this Letter Agreement to be effective as of the date first written above.

 

	 	THE
COMPANY:

                                                                                                                                                 

                                                                                                                                                DASEKE, INC.

	 	 	 
	 	By:	/s/
    Don R. Daseke
	 	Name:	Don
    R. Daseke
	 	Title:	Chief
    Executive Officer, President and Secretary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Pages
to

Letter Agreement

 

     

     

    

 

	 	HENNESSY:
	 	 
	 	HENNESSY
    CAPITAL ACQUISITION CORP. II
	 	 	 
	 	By:	/s/
    Daniel J. Hennessy_
	 	Name:	Daniel
    J. Hennessy
	 	Title:	Chief
    Executive Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Pages
to

Letter Agreement

 

     

     

    

 

	 	THE WALDEN GROUP, INC.
	 	 
	 	By:	/s/ Don R. Daseke
	 	Name:	Don R. Daseke
	 	Title:	President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature Pages
to

Letter Agreement

 

     

     

    

 

	 	PRUDENTIAL
    ENTITIES:
	 	 	 
	 	PRUDENTIAL
    CAPITAL PARTNERS IV, L.P.
	 	 	 
	 	By:	Lake
    Street Partners IV, L.P.,
	 	 	its
    general partner
	 	 	 
	 	By:	/s/
    Julia B. Buthman
	 	Name:	Julia
    B. Buthman
	 	Title:	Vice
    President
	 	 	 
	 	PRUDENTIAL
    CAPITAL PARTNERS
	 	MANAGEMENT
    FUND IV, L.P.
	 	 	 
	 	By:	Market
    Street Holdings IV, LLC,
	 	 	its
    general partner
	 	 	 
	 	By:	PGIM,
    Inc.
	 	 	its
    managing member
	 	 	 
	 	By:	/s/
    Julia B. Buthman
	 	Name:	Julia
    B. Buthman
	 	Title:	Vice
    President
	 	 	 
	 	PRUDENTIAL
    CAPITAL PARTNERS
	 	(PARALLEL
    FUND) IV, L.P.
	 	 	 
	 	By:	Lake
    Street Partners IV, L.P.,
	 	 	its
    general partner
	 	 	 
	 	By:	/s/
    Julia B. Buthman
	 	Name:	Julia
    B. Buthman
	 	Title:	Vice
    President

 

Signature Pages
to

Letter Agreement

 

     

     

    

 

	 	MAIN
    STREET ENTITIES:
	 	 	 
	 	MAIN
    STREET CAPITAL CORPORATION
	 	 	 
	 	By:	/s/
    Curtis L. Hartman
	 	Name:	Curtis
    L. Hartman
	 	Title:	Senior
    Managing Director
	 	 	 
	 	MAIN
    STREET CAPITAL II, LP
	 	 	 
	 	By:	Main
    Street Capital II GP, LLC,
	 	 	Its
    General Partner
	 	 	 
	 	By:	/s/
    Curtis L. Hartman
	 	Name:	Curtis
    L. Hartman
	 	Title:	Senior
    Managing Director
	 	 	 
	 	MAIN
    STREET MEZZANINE FUND, LP
	 	 	 
	 	By:	Main
    Street Mezzanine Management, LLC,
	 	 	Its
    General Partner
	 	 	 
	 	By:	/s/
    Curtis L. Hartman
	 	Name:	Curtis
    L. Hartman
	 	Title:	Senior
    Managing Director

 

Signature Pages
to

Letter AgreementExhibit 10.5

 

SPONSOR
SHARE FORFEITURE AGREEMENT

 

December 22,
2016

 

Hennessy
Capital Acquisition Corp. II

700
Louisiana Street, Suite 900

Houston,
Texas 77002

 

Daseke,
Inc.

15455
Dallas Parkway, Suite 440

Addison,
TX 75001

 

Re: Forfeiture
of Founder Shares

 

Gentlemen:

 

Reference
is made to that certain Agreement and Plan of Merger (the “Merger Agreement”), dated as of the date
hereof, by and among Hennessy Capital Acquisition Corp. II, a Delaware corporation (“Parent”), HCAC
Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent, Daseke, Inc., a Delaware corporation (the “Company”),
and Don R. Daseke, solely in his capacity as the Stockholder Representative pursuant to Section 11.01 thereof. Capitalized
terms used herein, but not defined herein, shall have the meanings ascribed to them in the Merger Agreement.

 

In
order to induce the Company and Parent to enter into the Merger Agreement and to proceed with the Merger and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Hennessy Capital Partners II LLC, a Delaware
limited liability company (the “Sponsor”), and Parent hereby agree, pursuant to this letter agreement
(this “Letter Agreement”), for the benefit of the Company, as follows:

 

	 	1.	Immediately
    prior to (and contingent upon) the Closing, the Sponsor shall forfeit to Parent the number of shares of Founder Common Stock
    equal to (a) 2,274,988, less (b) fifty percent (50.0%) of the Utilization Fee Shares (as defined in the Backstop and Subscription
    Agreement (“Backstop Agreement”), dated the date hereof, among Parent, the Sponsor and the signatories
    thereto) (such shares, the “Founder Forfeited Shares”, and such forfeiture, the “Forfeiture”).

 

	 	2.	To
    effect the Forfeiture, immediately prior to (and contingent upon) the Closing:  (a) the Sponsor shall transfer the
    Founder Forfeited Shares to Parent for cancellation and in exchange for no consideration; (b) Parent shall immediately retire
    and cancel all of the Founder Forfeited Shares (and shall direct Parent’s transfer agent (or such other intermediaries
    as appropriate) to take any and all such actions incident thereto); and (c) the Sponsor and Parent each shall (i) take
    such actions as are necessary to cause the Founder Forfeited Shares to be retired and canceled, after which the Founder Forfeited
    Shares shall no longer be issued or outstanding and (ii) provide the Company with evidence that such retirement and cancellation
    has occurred.  

 

	 	3.	At
Closing, Parent shall issue such number of new shares of Parent Common Stock equal to (a) 2,274,988, less (b) fifty percent (50.0%)
of the Utilization Fee Shares (as defined in the Backstop Agreement) as part of the Closing Parent Stock Consideration to the
Common Stockholders of the Company in accordance with, and subject to, the terms and conditions of the Merger Agreement.

 

     

     

    

 

	 	4.	Prior
    to the Closing, the Sponsor shall not, directly or indirectly, transfer or otherwise dispose of the Founder Forfeited Shares
    other than pursuant to the Forfeiture.

 

	 	5.	The
    Sponsor hereby represents and warrants to the Company, as of the date hereof and as of the Closing, that the Sponsor owns,
    and holds of record, all of the Founder Forfeited Shares, free and clear of all Liens and other obligations in respect of
    the Founder Forfeited Shares.

 

	 	6.	This
    Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter
    hereof and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or
    oral, to the extent they relate in any way to the subject matter hereof. This Letter Agreement may not be changed, amended,
    modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument
    executed by all parties hereto.

 

	 	7.	No
    party hereto may assign either this Letter Agreement or any of its rights, interests, or obligations hereunder without the
    prior written consent of each of the other parties hereto. Any purported assignment in violation of this paragraph shall be
    void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee. This Letter
    Agreement shall be binding on the Sponsor and Parent and their respective successors and assigns.

 

	 	8.	This
    Letter Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware, without
    giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction.
    The parties hereto (i) all agree that any action, proceeding, claim or dispute arising out of, or relating in any way
    to, this Letter Agreement shall be brought and enforced in the Court of Chancery of the State of Delaware (or, if the Court
    of Chancery of the State of Delaware lacks jurisdiction, then in the applicable Delaware state court), or if under applicable
    Law exclusive jurisdiction of such action is vested in the federal courts, then the United States District Court for the District
    of Delaware, and irrevocably submits to such jurisdiction and venue, which jurisdiction and venue shall be exclusive, and
    (ii) waives any objection to such exclusive jurisdiction and venue or that such courts represent an inconvenient forum.
    

 

	 	9.	Any
        notice, consent or request to be given in connection with any of the terms or provisions of this Letter Agreement shall
        be in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt
        requested), by hand delivery or facsimile transmission.

         

	 	10.	This
    Letter Agreement shall immediately terminate, without any further action by the parties hereto, at such time, if any, that
    the Merger Agreement is terminated in accordance with its terms.

 

[Signature
page follows]

 

     

     

    

 

	 	Sincerely,
	 	 
	 	HENNESSY
    CAPITAL PARTNERS II LLC
	 	 
	 	By:
    Hennessy Capital LLC, its managing member
	 	 	 
	 	By:	/s/
    Daniel J. Hennessy
	 	Name:	Daniel
    J. Hennessy
	 	Title:	Managing
    Member
	 	 	 
	 	HENNESSY
    CAPITAL ACQUISITION CORP. II
	 	 	 
	 	By:	/s/
    Daniel J. Hennessy
	 	Name:	Daniel
    J. Hennessy
	 	Title:	Chief
    Executive Officer

 

	Acknowledged and Agreed:

 

DASEKE, INC.

	 
	 	 	 
	By:	/s/
    R. Scott Wheeler 	 
	Name:	R.
    Scott Wheeler  	 
	Title:	Executive
Vice President and Chief Financial Officer   	 

 

 

[Signature Page
to Sponsor Share Forfeiture Agreement]

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