Document:

Exhibit 10.11

 

Paya Holdings Inc.

 

Dealer Manager and Solicitation Agent Agreement

 

New York, New York

August 13, 2021

 

Evercore Group L.L.C.,

   as Dealer Manager

c/o Evercore Group L.L.C.

55 East 52nd Street

New York, New York 10055

 

Ladies and Gentlemen:

 

Paya Holdings Inc, a company incorporated under
the laws of Delaware (the “Company” or “we”), plans to make an offer (such offer as described in
the Prospectus (as defined below), together with the related Consent Solicitation (as defined below), the “Exchange Offer”),
for any and all of its outstanding warrants (as set forth in the Prospectus) (the “Warrants”) in exchange for consideration
consisting of 0.260 shares of Common Stock (the “Shares”) for each Warrant tendered, on the terms and subject to the
conditions set forth in the Offering Documents (as defined below). Certain terms used herein are defined in Section 21 hereof.

 

Concurrently with making the offer to exchange
described in the preceding paragraph, the Company plans to solicit consents (the “Consents”) from the holders of Warrants
(as described in the Offering Documents, the “Consent Solicitation”) to certain amendments to the terms of the Warrants.
Subject to the terms and conditions set forth in the Offering Documents, if Consents are received from the holders of at least 65% of
the public warrants and the forward purchase warrants (each as defined in the Offering Documents), the proposed amendment to the warrant
agreement set forth in the Offering Documents (the “Warrant Amendment”) shall be adopted.

 

1. Appointment
as Dealer Manager and Solicitation Agent.

 

(a) Evercore
Group L.L.C. will act as the exclusive dealer manager and solicitation agent for the Exchange Offer and the Consent Solicitation (the
“Dealer Manager” or “you”) in accordance with your customary practices, including without limitation
to use commercially reasonable efforts to solicit tenders pursuant to the Exchange Offer, the solicitation of Consents pursuant to the
Consent Solicitation and assisting in the distribution of the Offering Documents and to perform such services as are customarily performed
by investment banking firms acting as dealer managers and solicitation agents of an exchange offer of like nature.

 

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(b) You
agree that all actions taken by you as Dealer Manager have complied and will comply in all material respects with all applicable laws,
regulations and rules of the United States, including, without limitation, the applicable rules and regulations of the registered national
securities exchanges of which you are a member and of the Financial Industry Regulatory Authority, Inc. (“FINRA”).

 

(c) The
Dealer Manager, in its sole discretion, may continue to own or dispose of, in any manner it may elect, any Warrants it may beneficially
own at the date hereof or hereafter acquire, in any such case, subject to applicable law. The Dealer Manager has no obligation to the
Company, pursuant to this Agreement or otherwise, to tender or refrain from tendering Warrants beneficially owned by it in any Exchange
Offer (or to deliver Consents in any related Consent Solicitation). The Dealer Manager acknowledges and agrees that if any Exchange Offer
is not consummated for any reason, the Company shall have no obligation, pursuant to this Agreement or otherwise, to acquire any Warrants
from the Dealer Manager or otherwise to hold the Dealer Manager harmless with respect to any losses it may incur in connection with the
resale to any third parties of any Warrants.

 

(d) The
Company agrees that it will not file, use or publish any material in connection with the Exchange Offer, use the name Evercore or Evercore
Group L.L.C. or refer to you or your relationship with the Company, without your prior written consent to the form of such use or reference.
There shall be no fee for any such permitted use or reference other than as set forth herein.

 

2. Compensation.
The Company shall pay to you in respect of your services as Dealer Manager the fee set forth in the attached Schedule A (the “Fee”).
The Company shall also promptly reimburse you, without regard to consummation of the Exchange Offer, for (i) your reasonable out-of-pocket
expenses in preparing for and performing your functions as Dealer Manager, not to exceed $50,000, provided that the Dealer Manager
obtains the prior written approval of the Company for any such expenses that exceed $10,000 in the aggregate; and (ii) the reasonable
fees, costs and out-of-pocket expenses of your counsel for their representation of you incurred in connection with the Exchange Offer.

 

3. Representations
and Warranties. The Company represents and warrants to and agrees with you as set forth below in this Section 3:

 

(a) Form
S-4. The Company has prepared and filed with the Commission the Pre-Effective Registration Statement on Form S-4, including a related
Preliminary Prospectus, for registration under the Securities Act of the Shares in connection with the Exchange Offer. The Pre-Effective
Registration Statement will have been declared effective by the Commission prior to the Expiration Date and any request on the part of
the Commission or any other federal, state or local or other governmental or regulatory agency, authority or instrumentality or court
or arbitrator for the amending or supplementing of the Offering Documents or for additional information has been complied with. The Company
meets the conditions for the use of Form S-4 with respect to the Pre-Effective Registration Statement and the Registration Statement in
connection with the Exchange Offer as contemplated by this Agreement.

 

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(b) Pre-Effective
Registration Statement, Registration Statement, Preliminary Prospectus and Prospectus. (i) The Pre-Effective Registration Statement
and any amendment thereto, as of the Commencement Date, the Registration Statement, as of the Effective Date, the Expiration Date and
the Exchange Date, and the Preliminary Prospectus and any amendments and supplements thereto, as of its date, the Commencement Date and
the Exchange Date, comply, and will comply, in all material respects with the Securities Act and the Exchange Act and the rules and regulations
of the Commission thereunder (including Rule 13e-4 and Rule 14e under the Exchange Act), (ii) the Prospectus (together with any supplement
and amendment thereto), as of the date it is first filed in accordance with Rule 424(b) under the Securities Act (if it is so filed) and
the Exchange Date, will comply, in all material respects with the Securities Act and the Exchange Act and the rules and regulations of
the Commission thereunder (including Rule 13e-4 and Rule 14e under the Exchange Act), (iii) the Pre-Effective Registration Statement and
any amendment thereto as of the Commencement Date, and the Registration Statement, as of the Effective Date, the Expiration Date and the
Exchange Date, did not contain, and will not contain, any untrue statement of a material fact and did not omit, and will not omit, to
state a material fact required to be stated therein or necessary to make the statements therein not misleading, (iv) the Preliminary
Prospectus as of its date did not contain any untrue statement of a material fact and did not omit to state a material fact necessary
to make the statements therein, in the light of the circumstances under which they were made, not misleading and (v) the Prospectus
(together with any supplement or amendment thereto), as of the date it is first filed in accordance with Rule 424(b) (if required), the
Expiration Date and the Exchange Date, will not contain any untrue statement of a material fact and will not omit to state a material
fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided,
however, that the Company makes no representations or warranties as to the information contained in or omitted from the Pre-Effective
Registration Statement, the Registration Statement, any Preliminary Prospectus or the Prospectus (or any supplement or amendment thereto)
in reliance upon and in conformity with information furnished to the Company in writing by or on behalf of the Dealer Manager expressly
for inclusion therein (the “Dealer Manager Information”), it being understood that the Dealer Manager Information shall
include only the name and the contact information of the Dealer Manager.

 

(c) Documents
Incorporated by Reference. The documents incorporated by reference in the Schedule TO, when they became effective or were filed with
the Commission, as the case may be, conformed in all material respects to the requirements of the Securities Act or the Exchange Act,
as applicable, and the rules and regulations of the Commission thereunder, and none of such documents contained an untrue statement of
a material fact or omitted to state a material fact necessary to make the statements therein, in the light of the circumstances under
which they were made, not misleading provided, however, that this representation and warranty shall not apply to any statements
or omissions made in reliance upon and in conformity with the Dealer Manager Information.

 

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(d) Schedule
TO. (i) on the Commencement Date, the Company will duly file with the Commission the Schedule TO pursuant to Rule 13e-4 promulgated
by the Commission under the Exchange Act, a copy of which Schedule TO (including the documents required by Item 12 thereof to be filed
as exhibits thereto) in the form in which it is to be so filed has been or will be furnished to the Dealer Manager; (ii) any amendments
to the Schedule TO and the final form of all such documents filed with the Commission or published, sent, or given to holders of Warrants
will be furnished to you prior to any such amendment, filing, publication, or distribution; (iii) the Schedule TO as so filed and as amended
or supplemented from time to time will comply in all material respects with the provisions of the Exchange Act and the rules and regulations
thereunder; and (iv) the Schedule TO as filed or as amended or supplemented from time to time will not contain any untrue statement of
a material fact or omit to state a material fact necessary in order to make the statements made therein, in light of the circumstances
under which they are made, not misleading, except that the Company makes no representation or warranty with respect to any statement contained
in, or any matter omitted from, the Schedule TO and in conformity with the Dealer Manager Information.

 

(e) Rule
165 Material. The Rule 165 Material when filed with the Commission complied or will comply in all material respects with the applicable
requirements of the Securities Act; and no Rule 165 Material, at the time of first use, when taken together with each Preliminary Prospectus
and the Prospectus, as then amended or supplemented, contained or will contain any untrue statement of a material fact or omitted or will
omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading; provided, however, that this representation and warranty shall not apply to any statements
or omissions in the Rule 165 Material made in reliance upon and in conformity with the Dealer Manager Information.

 

(f) No
Stop Orders. No stop order suspending the effectiveness of the Registration Statement is in effect, and no proceedings for such purpose
or pursuant to Section 8A under the Securities Act are pending before or, to the knowledge of the Company, threatened by the Commission.

 

(g) Emerging
Growth Company. From the time of initial filing of the Registration Statement to the Commission through the date hereof, the Company
has been and is an “emerging growth company,” as defined in Section 2(a) of the Securities Act (an “Emerging Growth
Company”).

 

(h) Testing-the-Waters Materials.
(ii) The Company (i) has not alone engaged in any Testing-the-Waters Communication with any person other than Testing-the-Waters
Communications with the consent of the Dealer Manager with entities that are reasonably believed to be qualified institutional buyers
within the meaning of Rule 144A under the Securities Act or institutions that are reasonably believed to be accredited investors within
the meaning of Rule 501 under the Securities Act and (ii) has not authorized anyone other than the Dealer Manager to engage in Testing-the-Waters
Communications. The Company reconfirms that the Dealer Manager has been authorized to act on its behalf in undertaking Testing-the-Waters
Communications. The Company has not distributed or approved for distribution any Testing-the-Waters Communication that is a written communication
within the meaning of Rule 405 under the Securities Act. “Testing-the-Waters Communication” means any communication with potential
investors undertaken in reliance on Section 5(d) or Rule 163B of the Securities Act.

 

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(i) Financial
Statements. The financial statements included in each of the Pre-Effective Registration Statement, the Registration Statement, the
Preliminary Prospectus and the Prospectus, together with the related schedules and notes thereto, comply as to form in all material respects
with the applicable accounting requirements of the Securities Act and the Exchange Act, as applicable, and present fairly in all material
respects the consolidated financial position of the Company and its subsidiaries as of the dates shown and its results of operations and
cash flows for the periods shown, and such financial statements have been prepared in conformity with generally accepted accounting principles
in the United States (“U.S. GAAP”) applied on a consistent basis throughout the periods covered thereby except for
any normal year-end adjustments in the Company’s quarterly financial statements. The other financial information included in each
of the Pre-Effective Registration Statement, the Registration Statement, the Preliminary Prospectus and the Prospectus has been derived
from the accounting records of the Company and its consolidated subsidiaries and presents fairly in all material respects the information
shown thereby. The pro forma financial statements and the related notes thereto included in each of the Pre-Effective Registration Statement,
the Registration Statement, the Preliminary Prospectus and the Prospectus present fairly the information shown therein, have been prepared
in accordance with the Commission’s rules and guidelines with respect to pro forma financial statements and have been properly compiled
on the bases described therein, and the assumptions used in the preparation thereof are reasonable and the adjustments used therein are
appropriate to give effect to the transactions and circumstances referred to therein. The statistical, industry-related and market-related
data included in each of the Pre-Effective Registration Statement, the Registration Statement, the Preliminary Prospectus and the Prospectus
are based on or derived from sources which the Company reasonably and in good faith believes are reliable and accurate and such data is
consistent with the sources from which they are derived, in each case in all material respects.

 

(j) No
Material Adverse Change. There has not occurred any Material Adverse Change, or any development involving a prospective Material Adverse
Change, in the condition, financial or otherwise, or in the earnings, business or operations of the Company and its subsidiaries, taken
as a whole, since the date of the latest audited financial statements included within the SEC Reports, except as disclosed in the Pre-Effective
Registration Statement, the Registration Statement, the Preliminary Prospectus and the Prospectus.

 

(k) Organization
and Good Standing. The Company has been duly incorporated, is validly existing as a corporation in good standing under the laws of
the jurisdiction of its incorporation, has the corporate power and authority to own or lease its property and to conduct its business
as described in each of the Pre-Effective Registration Statement, the Registration Statement, the Preliminary Prospectus and the Prospectus
and is duly qualified to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership
or leasing of property requires such qualification, except to the extent that the failure to be so qualified or be in good standing would
not, singly or in the aggregate, have a Material Adverse Effect on the Company and its subsidiaries, taken as a whole.

 

(l) Significant
Subsidiaries. Each “significant subsidiary” (as such term is defined in Rule 1-02 of Regulation S-X) of the Company (the
“Significant Subsidiaries”) has been duly incorporated, organized or formed, is validly existing as a corporation or
other business entity in good standing under the laws of the jurisdiction of its incorporation, organization or formation (to the extent
the concept of good standing or any functional equivalent is applicable in such jurisdiction), has the corporate or other business entity
power and authority to own or lease its property and to conduct its business as described in each of the Pre-Effective Registration Statement,
the Registration Statement, the Preliminary Prospectus and the Prospectus and is duly qualified to transact business and is in good standing
in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification, except
to the extent that the failure to be so qualified or be in good standing would not, singly or in the aggregate, have a Material Adverse
Effect on the Company and its subsidiaries, taken as a whole; all of the issued shares of capital stock or other equity interests of each
Significant Subsidiary of the Company have been duly and validly authorized and issued, are fully paid and non-assessable and are owned
directly or indirectly by the Company, free and clear of all liens, encumbrances, equities or claims, except for such liens, encumbrances,
equities or claims that would not be, singly or in the aggregate, material to the Company and its subsidiaries, taken as a whole.

 

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(m) Capitalization.
The Company has an authorized capitalization as set forth in the Pre-Effective Registration Statement, the Registration Statement,
the Preliminary Prospectus and the Prospectus under the heading “Capitalization”; all the outstanding shares of the Company
have been duly and validly authorized and issued and are fully paid and non-assessable and are not subject to any pre-emptive or similar
rights; except as described in or expressly contemplated by the Preliminary Prospectus and the Prospectus, there are no outstanding rights
(including, without limitation, pre-emptive rights), warrants or options to acquire, or instruments convertible into or exchangeable for,
any shares or other equity interest in the Company or any of its subsidiaries, or any contract, commitment, agreement, understanding or
arrangement of any kind relating to the issuance of any shares of the Company or any such subsidiary, any such convertible or exchangeable
securities or any such rights, warrants or options; the share capital of the Company conforms in all material respects to the description
thereof contained in the Pre-Effective Registration Statement, the Registration Statement, the Preliminary Prospectus and the Prospectus;
and all the outstanding shares or other equity interests of each subsidiary owned, directly or indirectly, by the Company have been duly
and validly authorized and issued, are fully paid and non-assessable (except, in the case of any foreign subsidiary, for directors’
qualifying shares) and are owned directly or indirectly by the Company, free and clear of any lien, charge, encumbrance, security interest,
restriction on voting or transfer or any other claim of any third party other than as described in the Pre-Effective Registration Statement,
the Registration Statement, the Preliminary Prospectus and the Prospectus. The Shares to be issued in exchange for the Warrants as contemplated
by the Offering Documents have been duly authorized for issuance and sale by the Company, and, when issued and delivered as contemplated
therein, will be duly and validly issued, fully paid and nonassessable; neither the filing of the Registration Statement nor the issuance
of the Shares as contemplated by the Offering Documents will give rise to any preemptive or similar rights, other than those which have
been waived or satisfied.

 

(n) Required
Filings. The Company has filed with the Commission pursuant to Rule 13e-4(c)(1) under the Exchange Act (or Rule 425 under the Securities
Act) or otherwise all written communications made by the Company or any affiliate of the Company in connection with or relating to the
Exchange Offer or the Consent Solicitation that are required to be filed with the Commission, in each case on the date of their first
use.

 

(o) Compliance.
The Company has complied in all material respects with the Securities Act and the Exchange Act and the rules and regulations of the
Commission thereunder in connection with the Exchange Offer, the Consent Solicitation, the Offering Documents and the transactions contemplated
hereby and thereby. The Company is subject to and in full compliance with the reporting requirements of Section 13 or Section 15(d) of
the Exchange Act. The Company has not received from the Commission any written comments, questions or requests for modification of disclosure
in respect of any reports filed with the Commission pursuant to the Exchange Act, except for comments, questions or requests (i) that
have been satisfied by the provision of supplemental information to the staff of the Commission, or (ii) in respect of which the Company
has agreed with the staff of the Commission to make a prospective change in future reports filed by it with the Commission pursuant to
the Exchange Act, of which agreement the Dealer Manager and its counsel have been made aware.

 

(p) Stock
Options. Except as described in the Pre-Effective Registration Statement, the Registration Statement, the Preliminary Prospectus and
the Prospectus, the Company has not sold, issued or distributed any shares of Common Stock during the six-month period preceding the date
hereof, including any sales pursuant to Rule 144A under, or Regulation D or S of, the Securities Act, other than shares issued
pursuant to employee benefit plans, qualified stock option plans or other employee compensation plans or pursuant to outstanding options,
rights or warrants.

 

(q) Due
Authorization. The Company has full right, power and authority to execute and deliver this Agreement and to perform its obligations
hereunder; and all action required to be taken for the due and proper authorization, execution and delivery by it of this Agreement and
the consummation by it of the transactions contemplated hereby has been duly and validly taken.

 

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(r) Dealer
Manager and Solicitation Agent Agreement. This Agreement has been duly authorized, executed and delivered by the Company.

 

(s) No
Violation or Default. Neither the Company nor any of its subsidiaries: (i) is in default under or in violation of (and no event has
occurred that has not been waived that, with notice or lapse of time or both, would result in a default by the Company or any of its subsidiaries
under), nor has the Company or any of its subsidiaries received notice of a claim that it is in default under or that it is in violation
of, any indenture, loan or credit agreement or any other agreement or instrument to which it is a party or by which it or any of its properties
is bound (whether or not such default or violation has been waived), (ii) is in violation of any judgment, decree or order of any court,
arbitrator or other governmental authority or (iii) is or has been in violation of any statute, rule, ordinance or regulation of any governmental
authority, including without limitation all foreign, federal, state and local laws relating to taxes, environmental protection, occupational
health and safety, product quality and safety and employment and labor matters, except in each case as could not reasonably be expected
to result in a Material Adverse Effect.

 

(t) No
Conflicts. The execution, delivery and performance by the Company of this Agreement, the conduct and consummation of the Exchange
Offer and the consummation by the Company of any other transactions contemplated by this Agreement or the Preliminary Prospectus and the
Prospectus will not (i) conflict with or violate any provision of the Company’s certificate of incorporation or bylaws, (ii) conflict
with or violate any provision of any of the Company’s subsidiaries’ certificates or articles of incorporation, bylaws or other
organizational or charter documents, (iii) conflict with, or constitute a default (or an event that with notice or lapse of time or both
would become a default) under, result in the creation of any Lien upon any of the properties or assets of the Company or any of its subsidiaries,
or give to others any rights of termination, amendment, anti-dilution or similar adjustments, acceleration or cancellation (with or without
notice, lapse of time or both) of, any agreement, credit facility, debt or other instrument (evidencing a Company or subsidiary debt or
otherwise) or other understanding to which the Company or any of its subsidiaries is a party or by which any property or asset of the
Company or any of its subsidiaries is bound or affected, or (iv) subject to the Required Approvals (as defined below), conflict with or
result in a violation of any law, rule, regulation, order, judgment, injunction, decree or other restriction of any court or governmental
authority to which the Company or any of its subsidiaries is subject (including federal and state securities laws and regulations), or
by which any property or asset of the Company or any of its subsidiaries is bound or affected; except in the case of each of clauses (ii),
(iii) and (iv), such as could not reasonably be expected to result in a Material Adverse Effect.

 

(u) No
Consents Required. The execution and delivery by the Company of, and the performance by the Company of its obligations under this
Agreement will not contravene any provision of applicable law or the certificate of incorporation or by-laws of the Company or any agreement
or other instrument binding upon the Company or any of its subsidiaries that is material to the Company and its subsidiaries, taken as
a whole, or any judgment, order or decree of any governmental body, agency or court having jurisdiction over the Company or any subsidiary,
and no consent, approval, authorization or order of, or qualification with, any governmental body, agency or court is required for the
performance by the Company of its obligations under this Agreement, except such as may be required by the securities or Blue Sky laws
of the various states or the rules and regulations of the Financial Industry Regulatory Authority, Inc. in connection with the offer and
sale of the Shares.

 

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(v) No
Legal Proceedings. There are no legal or governmental proceedings pending or, to the knowledge of the Company, threatened to which
the Company or any of its subsidiaries is a party or to which any of the properties of the Company or any of its subsidiaries is subject
i) other than proceedings accurately described in all material respects in each of the Pre-Effective Registration Statement, the Registration
Statement, the Preliminary Prospectus and the Prospectus and proceedings that would not, singly or in the aggregate, reasonably be expected
to have a Material Adverse Effect on the Company and its subsidiaries, taken as a whole, or on the power or ability of the Company to
perform its obligations under this Agreement or to consummate the transactions contemplated by each of the Pre-Effective Registration
Statement, the Registration Statement, the Preliminary Prospectus and the Prospectus or ii) that are required to be described in the Pre-Effective
Registration Statement, the Registration Statement, the Preliminary Prospectus and the Prospectus and are not so described; and there
are no statutes, regulations, contracts or other documents that are required to be described in the Pre-Effective Registration Statement,
the Registration Statement, the Preliminary Prospectus and the Prospectus or to be filed as exhibits to the Registration Statement that
are not described in all material respects or filed as required.

 

(w) Independent
Accountants. Ernst & Young LLP, who have certified certain financial statements of the Company and its subsidiaries and delivered
its report with respect to the audited consolidated financial statements and schedules filed with the Commission as part of the Registration
Statement and included in each of the Pre-Effective Registration Statement, the Registration Statement, the Preliminary Prospectus and
the Prospectus, is an independent registered public accounting firm with respect to the Company within the meaning of the Securities Act
and the applicable rules and regulations thereunder adopted by the Commission and the Public Company Accounting Oversight Board (United
States).

 

(x) Title
to Real and Personal Property. The Company and each of its subsidiaries have good and marketable title in fee simple to all real property
and good and marketable title to all personal property owned by them which is material to the business of the Company and its subsidiaries,
except to the extent that the failure to have good and marketable title to any real or personal property would not reasonably be expected
to have a Material Adverse Effect on the Company and its subsidiaries taken as a whole, in each case free and clear of all liens, encumbrances
and defects except such liens, encumbrances and defects would not reasonably be expected to have a Material Adverse Effect on the Company
and its subsidiaries taken as a whole; and any real property and buildings held under lease by the Company and its subsidiaries are held
by them under valid, subsisting and enforceable leases with such exceptions as are not material and do not interfere with the use made
and proposed to be made of such property and buildings by the Company and its subsidiaries.

 

(y) Intellectual
Property. Except as would not, singly or in the aggregate, have a Material Adverse Effect on the Company and its subsidiaries taken
as a whole, (i) the Company and its subsidiaries own or have a valid license to all patents, inventions, copyrights, know how (including
trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures), trademarks, service
marks and trade names and all other worldwide intellectual property and proprietary rights (including all registrations and applications
for registration of, and all goodwill associated with, any of the foregoing) (collectively, “Intellectual Property Rights”)
used or held for use in any material respect, or reasonably necessary to the conduct of their respective businesses as now conducted by
them, and as proposed to be conducted in the Pre-Effective Registration Statement, the Registration Statement, the Preliminary Prospectus
or the Prospectus; (ii) the Intellectual Property Rights owned by the Company and its subsidiaries and, to the Company’s knowledge,
the Intellectual Property Rights licensed to the Company and its subsidiaries, are valid, subsisting and enforceable, and there is no
pending or, to the Company’s knowledge, threatened action, suit, proceeding or claim by others challenging the validity, scope or
enforceability of, or any rights of the Company or any of its subsidiaries in, any such Intellectual Property Rights; (iii) neither the
Company nor any of its subsidiaries has received any notice alleging any infringement, misappropriation or other violation of Intellectual
Property Rights; (iv) to the Company’s knowledge, no Person is infringing, misappropriating or otherwise violating, or has infringed,
misappropriated or otherwise violated, any Intellectual Property Rights owned or controlled by the Company or any of its subsidiaries;
(v) neither the Company nor any of its subsidiaries infringes, misappropriates or otherwise violates, or has infringed, misappropriated
or otherwise violated, any Intellectual Property Rights of any Person, and the conduct of each of the respective businesses of the Company
and its subsidiaries as described in Pre-Effective Registration Statement, the Registration Statement, the Preliminary Prospectus and
the Prospectus will not infringe, misappropriate, or otherwise violate any Intellectual Property Rights of any Person; (vi) all employees
or contractors engaged in the development of any Intellectual Property Rights on behalf of the Company or any of its subsidiaries have
executed an invention assignment agreement whereby such employees or contractors presently assign all of their right, title and interest
in and to such Intellectual Property Rights to the Company or its applicable subsidiary, and to the Company’s knowledge no such
agreement has been breached or violated; and (vii) the Company and its subsidiaries use, and have used, commercially reasonable efforts
in accordance with customary industry practice to appropriately maintain the confidentiality of all Intellectual Property Rights owned
by them, including maintenance and protection of all information intended to be maintained as a trade secret.

 

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(z) Data
Privacy. (i) The Company and each of its subsidiaries have complied and are presently in compliance, in all material respects, with
all internal and external privacy policies, contractual obligations, industry standards, applicable laws, statutes, judgments, orders,
rules and regulations of any court or arbitrator or other governmental or regulatory authority and any other legal obligations, in each
case, relating to the collection, use, transfer, import, export, storage, protection, disposal and disclosure by the Company or any of
its subsidiaries of personal, personally identifiable, household, sensitive, confidential or regulated data or information (“Data
Security Obligations,” and such data and information, “Personal Data”); (ii) the Company and its subsidiaries
have not received any notification of or complaint regarding and are unaware of any other facts that, individually or in the aggregate,
would reasonably indicate non-compliance in any material respect with any Data Security Obligation by
the Company or any of its subsidiaries; and (iii) there is no action, suit or proceeding by or before any court or governmental
agency, authority or body pending or to the knowledge of the Company or its subsidiaries threatened alleging non-compliance with any Data
Security Obligation by the Company or any of its subsidiaries.

 

(aa) No Undisclosed Relationships.
No relationship, direct or indirect, exists between or among the Company or any of its subsidiaries, on the one hand, and the directors,
officers, shareholders or other affiliates of the Company or any of its subsidiaries, on the other, that is required by the Securities
Act to be described in each of the Pre-Effective Registration Statement, the Registration Statement, the Preliminary Prospectus and the
Prospectus and that is not so described in such documents.

 

(bb) Investment Company Act. The
Company is not, and after giving effect to the consummation of the Exchange Offer or the Consent Solicitation will not be, required to
register as an “investment company” or an entity “controlled” by an “investment company” within the
meaning of the Investment Company Act of 1940, as amended, and the rules and regulations of the Commission thereunder (collectively, the
“Investment Company Act”).

 

(cc) Taxes. The Company and
each of its subsidiaries have filed all federal, state, local and foreign tax returns required to be filed through the date of this Agreement
or have requested extensions thereof (except where the failure to file would not, singly or in the aggregate, have a Material Adverse
Effect on the Company and its subsidiaries, taken as a whole) and have paid all taxes required to be paid thereon (except for cases in
which the failure to file or pay would not, singly or in the aggregate, have a Material Adverse Effect on the Company and its subsidiaries,
taken as a whole, or, except as currently being contested in good faith and for which reserves required by U.S. GAAP have been created
in the financial statements of the Company), and no tax deficiency has been determined adversely to the Company or any of its subsidiaries
which, singly or in the aggregate, has had (nor does the Company nor any of its subsidiaries have any notice or knowledge of any tax deficiency
which could reasonably be expected to be determined adversely to the Company or its subsidiaries and which could reasonably be expected
to have) a Material Adverse Effect on the Company and its subsidiaries, taken as a whole.

 

(dd) Licenses and Permits. The
Company and each of its subsidiaries possess all certificates, authorizations and permits issued by the appropriate federal, state or
foreign regulatory authorities necessary to conduct their respective businesses, except to the extent that the failure to possess such
certificates, authorizations, licenses, consents, approvals or permits would not be material to the Company and its subsidiaries, taken
as a whole, and neither the Company nor any of its subsidiaries has received any notice of proceedings relating to the revocation or modification
of any such certificate, authorization or permit which, singly or in the aggregate, if the subject of an unfavorable decision, ruling
or finding, would have a Material Adverse Effect on the Company and its subsidiaries, taken as a whole.

 

    9

     

    

 

(ee) No Labor Disputes. No
material labor dispute with the employees of the Company or any of its subsidiaries exists, or, to the knowledge of the Company, is imminent;
and the Company is not aware of any existing, threatened or imminent labor disturbance by the employees of any of its principal suppliers,
manufacturers or contractors that could, singly or in the aggregate, have a Material Adverse Effect on the Company and its subsidiaries,
taken as a whole.

 

(ff) Certain Environmental Matters.
The Company and each of its subsidiaries (A) are in compliance with any and all applicable foreign, federal, state and local laws and
regulations relating to the protection of human health and safety, the environment or hazardous or toxic substances or wastes, pollutants
or contaminants (“Environmental Laws”), (B) have received all permits, licenses or other approvals required of them
under applicable Environmental Laws to conduct their respective businesses and (C) are in compliance with all terms and conditions of
any such permit, license or approval, except where such noncompliance with Environmental Laws, failure to receive required permits, licenses
or other approvals or failure to comply with the terms and conditions of such permits, licenses or approvals would not, singly or in the
aggregate, reasonably be expected to have a Material Adverse Effect on the Company and its subsidiaries, taken as a whole.

 

(gg) Compliance with ERISA.
(i) Each employee benefit plan, within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”), for which the Company or any member of its “Controlled Group” (defined as any entity,
whether or not incorporated, that is under common control with the Company within the meaning of Section 4001(a)(14) of ERISA or any entity
that would be regarded as a single employer with the Company under Section 414(b),(c),(m) or (o) of the Internal Revenue Code of 1986,
as amended (the “Code”)) would have any liability (each, a “Plan”) has been maintained in compliance
with its terms and the requirements of any applicable statutes, orders, rules and regulations, including but not limited to ERISA and
the Code; (ii) no prohibited transaction, within the meaning of Section 406 of ERISA or Section 4975 of the Code, has occurred with respect
to any Plan, excluding transactions effected pursuant to a statutory or administrative exemption; (iii) for each Plan that is subject
to the funding rules of Section 412 of the Code or Section 302 of ERISA, no Plan has failed (whether or not waived), or is reasonably
expected to fail, to satisfy the minimum funding standards (within the meaning of Section 302 of ERISA or Section 412 of the Code) applicable
to such Plan; (iv) no Plan is, or is reasonably expected to be, in “at risk status” (within the meaning of Section 303(i)
of ERISA) and no Plan that is a “multiemployer plan” within the meaning of Section 4001(a)(3) of ERISA is in “endangered
status” or “critical status” (within the meaning of Sections 304 and 305 of ERISA); (v) the fair market value of the
assets of each Plan exceeds the present value of all benefits accrued under such Plan (determined based on those assumptions used to fund
such Plan); (vi) no “reportable event” (within the meaning of Section 4043(c) of ERISA and the regulations promulgated thereunder)
has occurred or is reasonably expected to occur; (vii) each Plan that is intended to be qualified under Section 401(a) of the Code is
subject to a favorable determination letter or advisory opinion, as applicable, from the Internal Revenue Service, and nothing has occurred,
whether by action or by failure to act, that, to the best knowledge of the Company, is reasonably likely to result in the revocation of
any such determination or opinion, as applicable; and (viii) none of the following events has occurred or is reasonably likely to occur:
(A) a material increase in the aggregate amount of contributions required to be made to all Plans by the Company or its Controlled Group
affiliates in the current fiscal year of the Company and its Controlled Group affiliates compared to the amount of such contributions
made in the Company’s and its Controlled Group affiliates’ most recently completed fiscal year; or (B) a material increase
in the Company and its subsidiaries’ “accumulated post-retirement benefit obligations” (within the meaning of Accounting
Standards Codification Topic 715-60) compared to the amount of such obligations in the Company and its subsidiaries’ most recently
completed fiscal year, except in each case with respect to the events or conditions set forth in (i) through (viii) hereof, as would not,
individually or in the aggregate, have a Material Adverse Effect.

 

    10

     

    

 

(hh) Sarbanes-Oxley; Internal
Accounting Controls. Except as disclosed in the Preliminary Prospectus and Prospectus (A) the Company and its subsidiaries are in
compliance with any and all applicable requirements of the Sarbanes-Oxley Act of 2002 that are effective as of the date hereof, and any
and all applicable rules and regulations promulgated by the Commission thereunder that are effective as of the date hereof, as of the
Commencement Date and as of the Exchange Date; (B) the Company and its subsidiaries maintain a system of internal accounting controls
sufficient to provide reasonable assurance that: (i) transactions are executed in accordance with management’s general or specific
authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and
to maintain asset accountability, (iii) access to assets is permitted only in accordance with management’s general or specific authorization,
and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is
taken with respect to any differences; and (C) the Company and its subsidiaries have established disclosure controls and procedures (as
defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Company and its subsidiaries and designed such disclosure controls and
procedures to ensure that information required to be disclosed by the Company in the reports it files or submits under the Exchange Act
is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. The Company’s
certifying officers have evaluated the effectiveness of the disclosure controls and procedures of the Company and its subsidiaries as
of the end of the period covered by the most recently filed periodic report under the Exchange Act (such date, the “Evaluation
Date”). The Company presented in its most recently filed periodic report under the Exchange Act the conclusions of the certifying
officers about the effectiveness of the disclosure controls and procedures based on their evaluations as of the Evaluation Date. Since
the Evaluation Date, there have been (i) no material weakness in the Company’s internal control over financial reporting (whether
or not remediated) and (ii) no change in the Company’s internal control over financial reporting that has materially affected, or
is reasonably likely to materially affect, the Company’s internal control over financial reporting.

 

(ii) Insurance.
The Company and each of its subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks
and in such amounts as are prudent and customary in the businesses in which they are engaged; neither the Company nor any of its subsidiaries
has been refused any insurance coverage sought or applied for; and neither the Company nor any of its subsidiaries has any reason to believe
that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from
similar insurers as may be necessary to continue its business at a cost that would not, singly or in the aggregate, have a Material Adverse
Effect on the Company and its subsidiaries, taken as a whole.

 

(jj) No Unlawful Payments. (i)
None of the Company or any of its subsidiaries or affiliates, or any director or officer thereof, or, to the Company’s knowledge,
any employee, agent or representative of the Company or of any of its subsidiaries or affiliates, has taken or will take any action in
furtherance of an offer, payment, promise to pay, or authorization or approval of the payment, giving or receipt of money, property, gifts
or anything else of value, directly or indirectly, to any government official (including any officer or employee of a government or government-owned
or controlled entity or of a public international organization, or any person acting in an official capacity for or on behalf of any of
the foregoing, or any political party or party official or candidate for political office) (“Government Official”)
in order to influence official action, or to any person in violation of any applicable anti-corruption laws; (ii) the Company and each
of its subsidiaries and affiliates have conducted their businesses in compliance with applicable anti-corruption laws and have instituted
and maintained and will continue to maintain policies and procedures reasonably designed to promote and achieve compliance with such laws
and with the representations and warranties contained herein; and (iii) neither the Company nor any of its subsidiaries will use, directly
or indirectly, the proceeds of the offering in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving
of money, or anything else of value, to any person in violation of any applicable anti-corruption laws.

 

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(kk) Compliance with Anti-Money
Laundering Laws. The operations of the Company and each of its subsidiaries are and have been conducted at all times in material compliance
with all applicable financial recordkeeping and reporting requirements, including those of the Bank Secrecy Act, as amended by Title III
of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA
PATRIOT Act), and the applicable anti-money laundering statutes of jurisdictions where the Company and each of its subsidiaries conduct
business, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced
by any governmental agency (collectively, the “Anti-Money Laundering Laws”), and no action, suit or proceeding by or
before any court or governmental agency, authority or body or any arbitrator involving the Company or any of its subsidiaries with respect
to the Anti-Money Laundering Laws is pending or, to the best knowledge of the Company, threatened.

 

(ll) No Conflicts with Sanctions
Laws. (i) None of the Company, any of its subsidiaries, or any director, officer, or employee thereof, or, to the Company’s
knowledge, any agent, affiliate or representative of the Company or any of its subsidiaries, is an individual or entity (“Person”)
that is, or is owned or controlled by one or more Persons that are:

 

(A) the
subject of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control or other
relevant sanctions authority (collectively, “Sanctions”), or

 

(B) located,
organized or resident in a country or territory that is the subject of Sanctions (including, without limitation, Crimea, Cuba, Iran, North
Korea and Syria).

 

(mm) The Company will not, directly
or indirectly, use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint
venture partner or other Person:

 

(A) to
fund or facilitate any activities or business of or with any Person or in any country or territory that, at the time of such funding or
facilitation, is the subject of Sanctions; or

 

(B) in
any other manner that will result in a violation of Sanctions by any Person (including any Person participating in the offering, whether
as underwriter, advisor, investor or otherwise).

 

(nn) The Company and each of its
subsidiaries have not knowingly engaged in, are not now knowingly engaged in, and will not engage in, any dealings or transactions with
any Person, or in any country or territory, that at the time of the dealing or transaction is or was the subject of Sanctions.

 

(oo) No
Solicitation. The Company has not paid or agreed to pay to any person any compensation for (i) soliciting another to purchase
any of its securities or (ii) soliciting tenders or Consents by holders of Warrants pursuant to the Exchange Offer (except as contemplated
in this Agreement).

 

(pp) No Registration Rights.
Except as described in the Pre-Effective Registration Statement, the Registration Statement, the Preliminary Prospectus and the Prospectus,
no person has the right to require the Company or any of its subsidiaries to register any securities for sale under the Securities Act
by reason of the filing of the Pre-Effective Registration Statement or the Registration Statement with the Commission.

 

(qq) No Stabilization. The
Company has not taken, directly or indirectly, any action designed to or that could reasonably be expected to cause or result in any stabilization
or manipulation of the price of any security of the Company to facilitate the Exchange Offer.

 

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(rr) Forward-Looking Statements.
No forward-looking statement (within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act) included
in any of the Pre-Effective Registration Statement, the Registration Statement, the Preliminary Prospectus or the Prospectus has been
made or reaffirmed without a reasonable basis or has been disclosed other than in good faith.

 

(ss) Sarbanes-Oxley Act. There
is and has been no failure on the part of the Company or any of the Company’s directors or officers, in their capacities as such,
to comply with any provision of the Sarbanes-Oxley Act of 2002, as amended and the rules and regulations promulgated in connection therewith,
including Section 402 related to loans and Sections 302 and 906 related to certifications.

 

(tt) Registration Fees. The
Company has paid the registration fee for Registration Statement pursuant to Rule 456(a) under the Securities Act or will pay such fee
within the time period required by such rule and in any event prior to the Exchange Date.

 

(uu) No Ratings. There are
(and prior to the Exchange Date, will be) no debt securities or preferred stock issued or guaranteed by the Company or any of its subsidiaries
that are rated by a “nationally recognized statistical rating organization”, as such term is defined under Section 3(a)(62)
under the Exchange Act.

 

Any certificate signed by any officer of the Company
and delivered to the Dealer Manager or counsel for the Dealer Manager in connection with the Exchange Offer shall be deemed a representation
and warranty by the Company as to matters covered thereby to the Dealer Manager.

 

4. Representations,
Warranties and Agreements of the Dealer Manager. The Dealer Manager hereby represents, warrants and agrees that the Dealer Manager
will not (1) cause to be disseminated to holders, dealers or the public any written material for or in connection with the Exchange
Offer or Consent Solicitation other than one or more of the Offering Documents, or (2) make any public oral communications relating
to the Exchange Offer or the Consent Solicitation that have not been previously approved by the Company except
as contemplated in the penultimate sentence of Section 6 of this Agreement.

 

5. Agreements.
The Company agrees with the Dealer Manager that:

 

(a) The
Company will furnish to the Dealer Manager and to counsel for the Dealer Manager, without charge, during the period beginning on the Commencement
Date and continuing to and including the Exchange Date, copies of the Offering Documents and any amendments and supplements thereto in
such quantities as the Dealer Manager may reasonably request.

 

(b) Prior
to the termination of the Exchange Offer and the Consent Solicitation, the Company will not file any amendment to the Pre-Effective Registration
Statement or the Registration Statement or supplement to the Preliminary Prospectus or the Prospectus unless the Company has furnished
the Dealer Manager a copy of such proposed amendment or supplement, as applicable, for its review prior to filing and will not file any
such proposed amendment or supplement to which the Dealer Manager reasonably objects. Subject to the foregoing sentence, if the Registration
Statement has become or becomes effective, or filing of the Preliminary Prospectus or the Prospectus is otherwise required under the Securities
Act or the Exchange Act and the rules and regulations of the Commission thereunder, the Company will cause the Preliminary Prospectus
or the Prospectus, properly completed, and any supplement thereto to be filed with the Commission pursuant to the applicable paragraph
of Rule 424(b) or in an amendment to the Registration Statement, whichever is applicable, within the time period prescribed. The Company
will promptly advise the Dealer Manager (i) when the Registration Statement, and any amendment thereto, shall have become effective,
(ii) when the Preliminary Prospectus or the Prospectus, and any supplement thereto, shall have been filed (if required) with the
Commission, (iii) when, prior to termination of the Exchange Offer and the Consent Solicitation, any amendment to the Registration
Statement shall have been filed or become effective, (iv) of any request by the Commission or its staff for any amendment of the
Pre-Effective Registration Statement or the Registration Statement or supplement to the Preliminary Prospectus or the Prospectus or for
any additional information, (v) the issuance by the Commission of any stop order or of any order preventing or suspending the use
of the Preliminary Prospectus or the Prospectus, or the initiation or threatening of any proceeding for any such purpose, and (vi) of
the receipt by the Company of any notification with respect to the suspension of the qualification of the Shares for sale in any jurisdiction
within the United States or the initiation or threatening of any proceeding for such purpose. In the event of the issuance of any such
stop order or of any such order preventing or suspending the use of the Preliminary Prospectus or the Prospectus, the Company will use
its reasonable best efforts to obtain its withdrawal. The Company agrees to use its reasonable best efforts to cause the Registration
Statement to become effective as soon as practicable and as much in advance of the Expiration Date as practicable.

 

    13

     

    

 

(c) The
Company will comply with the Securities Act and the Exchange Act and the rules and regulations of the Commission thereunder so as to permit
the completion of the distribution of the Shares issued in the Exchange Offer and Consent Solicitation, as contemplated by this Agreement,
the Registration Statement and the Prospectus. If, at any time when a prospectus relating to the Exchange Offer or Consent Solicitation
is required to be delivered under the Securities Act or the Exchange Act and the rules and regulations of the Commission thereunder, any
event occurs as a result of which the Offering Documents, as then amended or supplemented, would include any untrue statement of a material
fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were
made, not misleading, or if it should be necessary to amend or supplement the Offering Documents to comply with applicable law, the Company
will promptly: (i) notify the Dealer Manager of any such event or non-compliance at which time the Dealer Manager shall be entitled to
cease soliciting tenders until such time as the Company has complied with clause (iii) of this sentence; (ii) subject to the requirements
of the first sentence of the above paragraph (b), prepare an amendment or supplement that will correct such statement or omission or effect
such compliance; and (iii) supply any such amendment or supplement to the Dealer Manager and counsel for the Dealer Manager without charge
in such quantities as the Dealer Manager may reasonably request. The Company will also promptly inform the Dealer Manager of any litigation
or administrative action with respect to the Exchange Offer.

 

(d) The
Company agrees to advise the Dealer Manager promptly of (i) any proposal by the Company to withdraw, rescind or modify the Offering
Documents or to withdraw, rescind or terminate the Exchange Offer or the Consent Solicitation or the exercise by the Company of any right
not to exchange the Warrants pursuant to the Exchange Offer or the Consent Solicitation, (ii) its awareness of the issuance of a
stop order suspending the effectiveness of the Registration Statement or of any notice objecting to its use by the Commission or any other
regulatory authority, or the institution or threatening of any proceedings for that purpose (and will promptly furnish the Dealer Manager
with a copy of any such order), (iii) its awareness of the occurrence of any development that could reasonably be expected to result in
a Material Adverse Change relating to or affecting the Exchange Offer or the Consent Solicitation and (iv) any other non-privileged
information relating to the Exchange Offer, the Consent Solicitation, the Offering Documents or this Agreement which the Dealer Manager
may from time to time reasonably request.

 

(e) The
Company will make generally available to its security holders and the Dealer Manager as soon as practicable an earning statement that
satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 of the Commission promulgated thereunder covering a period
of at least twelve months beginning with the first fiscal quarter of the Company occurring after the “effective date” (as
defined in Rule 158) of the Registration Statement.

 

(f) The
Company will arrange, if necessary, for the qualification of the Shares for offer or sale in connection with the Exchange Offer under
the laws of such jurisdictions as the Dealer Manager may designate and will maintain such qualifications in effect so long as required
for such offer or sale; provided that in no event shall the Company be obligated to qualify to do business in any jurisdiction
in which it is not now so qualified or to take any action that would subject it to service of process in suits, other than those arising
out of the offering or sale of the Shares in connection with the Exchange Offer, in any jurisdiction in which it is not now so subject.
The Company will promptly advise the Dealer Manager of the receipt by the Company of any notification with respect to the suspension of
the qualification of the Shares for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose.

 

(g) Prior
to the termination of the Exchange Offer, the Company will not, and will not permit any of its Affiliates to, resell any Shares that have
been acquired by them. The Company will cause all Warrants accepted in the Exchange Offer to be cancelled.

 

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(h) The
Company will cooperate with the Dealer Manager to permit the Shares to be eligible for clearance and settlement through The Depository
Trust Company.

 

(i) The
Company agrees not to exchange any Warrants during the period beginning on the Commencement Date and ending on the Exchange Date except
pursuant to and in accordance with the Exchange Offer, the Consent Solicitation or as otherwise agreed to in writing by the parties hereto
and permitted under applicable laws and regulations.

 

(j) None
of the Company, its Affiliates or any person acting on its or their behalf will take, directly or indirectly, any action that is designed
to cause or result, or which might reasonably be expected to cause or result, under the Exchange Act or otherwise, in stabilization or
manipulation of the price of any security of the Company to facilitate the sale of the Shares or the tender of Warrants in the Exchange
Offer.

 

(k) The
Company has arranged for D.F. King & Co., Inc. to serve as Information Agent and for Continental Stock Transfer & Trust Company
to serve as Exchange Agent and authorizes the Dealer Manager to communicate with each of the Information Agent and the Exchange Agent
to facilitate the Exchange Offer and the Consent Solicitation.

 

(l) The
Company will comply in all material respects with the Securities Act and the Exchange Act and the rules and regulations of the Commission
thereunder, including Rule 13e-4 and Rule 14e-1 under the Exchange Act (including taking the actions necessary to ensure that the procedural
requirements of Rule 14e-1 are satisfied), in connection with the Exchange Offer, the Consent Solicitation, the Offering Documents and
the transactions contemplated hereby and thereby. The Company will file with the Commission pursuant to Rule 13e-4(c)(1) under the Exchange
Act (or Rule 425 under the Securities Act) or otherwise all written communications made by the Company or any affiliate of the Company
in connection with or relating to the Exchange Offer or the Consent Solicitation that are required to be filed with the Commission, in
each case on the date of their first use.

 

(m) The
Company agrees to pay the costs and expenses relating to the transactions contemplated hereunder, including without limitation the following:
(i) the preparation of this Agreement, the issuance of the Shares and the fees of the Information Agent and any exchange agent; (ii) the
preparation, printing or reproduction of the Offering Documents and each amendment or supplement thereto; (iii) the printing (or reproduction)
and delivery (including postage, air freight charges and charges for counting and packaging) of such copies of the Offering Documents
(and all amendments or supplements thereto) as may, in each case, be reasonably requested for use in connection with the Exchange Offer;
(iv) the preparation, printing, authentication, issuance and delivery of certificates for the Shares, including any stamp or transfer
taxes in connection with the original issuance and sale of the Shares; (v) the printing (or reproduction) and delivery of this Agreement,
any blue sky memorandum and all other agreements or documents printed (or reproduced) and delivered in connection with the Exchange Offer;
(vi) any registration or qualification of the Shares for offer and sale under the blue sky laws of the several states or any non-U.S.
jurisdiction; (vii) transportation and other expenses incurred by or on behalf of Company representatives in connection with presentations
to prospective participants in the Exchange Offer; (viii) the fees and expenses of the Company’s accountants and the fees and expenses
of counsel (including local and special counsel) for the Company; (ix) fees and expenses incurred in connection with listing the Shares
on the Nasdaq Capital Market; and (x) all other costs and expenses incident to the performance by the Company of its obligations hereunder
and in connection with the Exchange Offer.

 

(n) The
Company will promptly notify the Dealer Manager if the Company ceases to be an Emerging Growth Company at any time prior to the Exchange
Date.

 

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6. Conditions
to the Obligations of the Dealer Manager. The obligations of the Dealer Manager under this Agreement shall be subject to the accuracy
of the representations and warranties on the part of the Company contained herein at the Commencement Date, any date on which Offering
Documents are distributed to holders of the Warrants, the Effective Date, the Expiration Date and the Exchange Date, to the accuracy of
the statements of the Company made in any certificates pursuant to the provisions hereof, to the performance by the Company of its obligations
hereunder and to the following additional conditions:

 

(a) The
Registration Statement shall have become effective on or prior to the Expiration Date.

 

(b) As
of the Exchange Date, no stop order suspending the effectiveness of the Registration Statement or any notice objecting to its use shall
have been issued and no proceedings for that purpose shall have been instituted or, to the knowledge of the Company, threatened by the
Commission; and the Prospectus shall have been timely filed with the Commission under the Securities Act; and all requests by the Commission
for additional information shall have been complied with to the reasonable satisfaction of the Dealer Manager.

 

(c) At
the Commencement Date and the Exchange Date, the Company shall have requested and caused an opinion and negative assurance letter of Kirkland
& Ellis LLP, counsel to the Company, dated the Commencement Date or Exchange Date, as applicable, in form and substance reasonably
satisfactory to the Dealer Manager to have been delivered to the Dealer Manager, in each case addressed to, and in form and substance
satisfactory to, the Dealer Manager.

 

(d) At
the Commencement Date and the Exchange Date, the Dealer Manager shall have received from Davis Polk & Wardwell LLP, counsel for the
Dealer Manager, such opinion and negative assurance letter, in each case addressed to the Dealer Manager with respect to the Exchange
Offer, as the Dealer Manager may reasonably require, and the Company shall have furnished to such counsel such documents as they request
for the purposes of enabling them to pass upon such matters.

 

(e) At
the Exchange Date, the Company shall have furnished to the Dealer Manager a certificate of the Company, signed by the Chairman of the
Board or the President and the principal financial or accounting officer of the Company, dated as of the Exchange Date, to the effect
that the signers of such certificate have carefully examined the Offering Documents, any amendment or supplement to the Offering Documents
and this Agreement and that:

 

(i) the
representations and warranties of the Company in this Agreement are true and correct as of the Exchange Date with the same effect as if
made on the Exchange Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed
or satisfied hereunder at or prior to the Exchange Date;

 

(ii) no
stop order suspending the effectiveness of the Registration Statement has been issued and no proceedings for that purpose have been instituted
or threatened by the Commission; and

 

(iii) since
the date of the most recent financial statements included or incorporated by reference in the Offering Documents (exclusive of any amendment
or supplement thereto), there has been no Material Adverse Change, except as set forth in or contemplated in the Offering Documents (exclusive
of any amendment or supplement thereto).

 

(f) At
each of the Commencement Date and the Exchange Date, the Company shall have requested and caused Ernst & Young LLP to furnish to the
Dealer Manager letters, dated respectively as of the Commencement Date and the Exchange Date, in form and substance reasonably satisfactory
to the Dealer Manager. At each of the Commencement Date and the Exchange Date, the Company shall have furnished to the Dealer Manager
a certificate, dated respectively as of the Commencement Date and the Exchange Date, and addressed to the Dealer Manager, of its chief
financial officer with respect to certain financial data contained in the Preliminary Prospectus and the Prospectus, providing “management
comfort” with respect to such information, in form and substance reasonably satisfactory to the Dealer Manager.

 

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(g) Subsequent
to the Commencement Date or, if earlier, the dates as of which information is given in the Offering Documents (exclusive of any amendment
or supplement thereto), there shall not have been (i) any change or decrease specified in the letters referred to in paragraph (f) of
this Section 6 or (ii) any change, or any development involving a prospective change, in or affecting the condition (financial or otherwise),
prospects, earnings, business or properties the Company and its subsidiaries, taken as a whole, whether or not arising from transactions
in the ordinary course of business, except as set forth in or contemplated in the Offering Documents (exclusive of any amendment or supplement
thereto), the effect of which, in any case referred to in clause (i) or (ii) above, is, in the reasonable judgment of the Dealer Manager,
so material and adverse as to make it impractical or inadvisable to market or deliver the Shares or solicit tenders of Warrants as contemplated
by the Offering Documents (exclusive of any amendment or supplement thereto).

 

(i) Prior
to the Exchange Date, the Company shall have obtained all consents, approvals, authorizations and orders of, and shall have duly made
all registrations, qualifications and filing with, any court or regulatory authority or other governmental agency or instrumentality required
in connection with the making and consummation of the Exchange Offer and the execution, delivery and performance of this Agreement.

 

(j) Prior
to the Exchange Date, the Company shall have delivered to the Dealer Manager and its counsel such further information, certificates and
documents as they may reasonably request.

 

(k) Prior
to the Exchange Date, the Shares shall have been approved for listing, subject to notice of issuance, on the Nasdaq Capital Market.

 

If (i) any of the conditions specified in this
Section 6 shall not have been fulfilled when and as provided in this Agreement, or (ii) any of the opinions and certificates mentioned
above or elsewhere in this Agreement shall not be reasonably satisfactory in form and substance to the Dealer Manager and its counsel,
this Agreement and all obligations of the Dealer Manager hereunder may be cancelled by the Dealer Manager at, or at any time prior to,
the Exchange Date. In such event, the Dealer Managers shall be entitled to publicly disclose the cancellation of its participation in
the Exchange Offer via press release, subject to prior notification of the Company. Notice of such cancellation shall be given to
the Company in writing or by telephone or facsimile confirmed in writing.

 

7. Indemnification
and Contribution.

 

(a) The
Company agrees to indemnify and hold harmless the Dealer Manager, the directors, officers, employees and agents of the Dealer Manager
and each person who controls the Dealer Manager within the meaning of either the Securities Act or the Exchange Act against any and all
losses, claims, damages or liabilities, joint or several, to which the Dealer Manager may become subject under the Securities Act, the
Exchange Act or other federal, state or foreign statutory law or regulation, at common law or otherwise, insofar as such losses, claims,
damages or liabilities (or actions in respect thereof) relate to, arise out of, or are based upon (1) any untrue statement or alleged
untrue statement of a material fact contained in the Registration Statement (or any amendment or supplement thereto), or the omission
or alleged omission therefrom of a material fact required to be stated therein or necessary in order to make the statements therein not
misleading, (2) any untrue statement or alleged untrue statement of a material fact contained in the Preliminary Prospectus, the Prospectus,
the accompanying letter of transmittal and consent, the Schedule TO, the Rule 165 Material, the notice of guaranteed delivery, and all
other documents filed or to be filed with any federal, state or local government or regulatory agency or authority in connection with
the Exchange Offer or the Consent Solicitation, each as prepared or approved by the Company, or the omission or alleged omission therefrom
of a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not
misleading, (3) the Company’s failure to make or consummate the Exchange Offer or the withdrawal, rescission, termination, amendment
or extension of the Exchange Offer or any failure on the Company’s part to comply with the terms and conditions contained in the
Offering Documents, (4) any action or failure to act by the Company or its respective directors, officers, agents or employees or by any
indemnified party at the request or with the consent of the Company, or (5) otherwise related to or arising out of the Dealer Manager’s
engagement hereunder or any transaction or conduct in connection therewith, except that clauses (3), (4) and (5) shall not apply with
respect to the portion of any losses that are finally judicially determined by a court of competent jurisdiction to have resulted primarily
from the bad faith, gross negligence or willful misconduct of such indemnified party, and in the case of clause (1), (2), (3) or (4) of
this sentence, the Company agrees to reimburse each such indemnified party, as incurred, for any legal or other expenses reasonably incurred
by it in connection with investigating or defending any such loss, claim, damage, liability or action; provided, however,
that the Company will not be liable in any such case to the extent that any such loss, claim, damage or liability arises out of or is
based upon any such untrue statement or alleged untrue statement or omission or alleged omission made in the Offering Documents, or in
any amendment thereof or supplement thereto, in reliance upon and in conformity with the Dealer Manager Information. This indemnity agreement
will be in addition to any liability that the Company may otherwise have.

 

(b) The
Dealer Manager agrees to indemnify and hold harmless the Company, each of its directors, officers, employees and agents and each person
who controls the Company within the meaning of the Securities Act or the Exchange Act to the same extent as the foregoing indemnity from
the Company to the Dealer Manager, but only with reference to the Dealer Manager Information. This indemnity agreement will be in addition
to any liability that the Dealer Manager may otherwise have.

 

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(c) Promptly
after receipt by an indemnified party under this Section 7 of notice of the commencement of any action, such indemnified party will, if
a claim in respect thereof is to be made against the indemnifying party under this Section 7, notify the indemnifying party in writing
of the commencement thereof; but the failure so to notify the indemnifying party (i) will not relieve it from liability under paragraph
(a) or (b) above unless and to the extent it did not otherwise learn of such action and such failure results in the forfeiture by the
indemnifying party of substantial rights and defenses and (ii) will not, in any event, relieve the indemnifying party from any obligations
to any indemnified party other than the indemnification obligation provided in paragraph (a) or (b) above. The indemnifying party shall
be entitled to appoint counsel (including local counsel) of the indemnifying party’s choice at the indemnifying party’s expense
to represent the indemnified party in any action for which indemnification is sought (in which case the indemnifying party shall not thereafter
be responsible for the fees and expenses of any separate counsel, other than local counsel if not appointed by the indemnifying party,
retained by the indemnified party or parties except as set forth below); provided, however, that such counsel shall be reasonably
satisfactory to the indemnified party. Notwithstanding the indemnifying party’s election to appoint counsel (including local counsel)
to represent the indemnified party in an action, the indemnified party shall have the right to employ separate counsel (including local
counsel), and the indemnifying party shall bear the reasonable fees, costs and expenses of such separate counsel if (i) the use of counsel
chosen by the indemnifying party to represent the indemnified party would present such counsel with a conflict of interest; (ii) the actual
or potential defendants in, or targets of, any such action include both the indemnified party and the indemnifying party and the indemnified
party shall have reasonably concluded that there may be legal defenses available to it and/or other indemnified parties that are different
from or additional to those available to the indemnifying party; (iii) the indemnifying party shall not have employed counsel satisfactory
to the indemnified party to represent the indemnified party within a reasonable time after notice of the institution of such action; or
(iv) the indemnifying party shall authorize the indemnified party to employ separate counsel at the expense of the indemnifying party.
An indemnifying party will not, without the prior written consent of the indemnified parties, settle or compromise or consent to the entry
of any judgment with respect to any pending or threatened claim, action, suit or proceeding in respect of which indemnification or contribution
may be sought hereunder (whether or not the indemnified parties are actual or potential parties to such claim or action) unless such settlement,
compromise or consent includes an unconditional release of each indemnified party from all liability arising out of such claim, action,
suit or proceeding.

 

(d) In
the event that the indemnity provided in paragraph (a) or (b) of this Section 7 is unavailable to or insufficient to hold harmless an
indemnified party for any reason, the Company and the Dealer Manager agree to contribute to the aggregate losses, claims, damages and
liabilities (including legal or other expenses reasonably incurred in connection with investigating or defending same) (collectively,
the “Losses”) to which the Company and the Dealer Manager may be subject in such proportion as is appropriate to reflect
the relative benefits received by the Dealer Manager on the one hand and the Company on the other from the Exchange Offer. If the allocation
provided by the immediately preceding sentence is unavailable for any reason, the Company and the Dealer Manager shall contribute in such
proportion as is appropriate to reflect not only such relative benefits but also the relative fault of the Company on the one hand and
of the Dealer Manager on the other in connection with the statements, omissions, actions or failure to act that resulted in such Losses,
as well as any other relevant equitable considerations. The relative benefits received by the Company on the one hand and the Dealer Manager
on the other shall be deemed to be in the same proportion as the total value paid or proposed to be paid to holders of Warrants pursuant
to the Exchange Offer and the Consent Solicitation (whether or not consummated) bears to the fees actually received by the Dealer Manager
pursuant to Section 2 hereof (exclusive of amounts paid for reimbursement of expenses or paid under this Agreement). For purposes of the
preceding sentence, the total value paid or proposed to be paid to holders of Warrants pursuant to the Exchange Offer and the Consent
Solicitation shall equal (i) if the Exchange Offer or the Consent Solicitation is consummated, the total market value of the Shares
(as of the Expiration Date) issued, and the cash consideration paid, in the Exchange Offer and the Consent Solicitation, or (ii) if
the Exchange Offer and the Consent Solicitation is not consummated, the total market value (as of the date when the Exchange Offer is
terminated or otherwise withdrawn by the Company) of the Shares issuable, and the cash consideration payable, in the Exchange Offer and
the Consent Solicitation, based on the maximum number of Warrants that could be exchanged in the Exchange Offer and the Consent Solicitation
as described in the Preliminary Prospectus Supplement or Prospectus immediately before the termination or withdrawal of the Exchange Offer
and the Consent Solicitation. Relative fault shall be determined by reference to, among other things, whether any untrue or any alleged
untrue statement of a material fact or the omission or alleged omission to state a material fact or any other alleged conduct relates
to information provided by the Company or other conduct by the Company on the one hand or the Dealer Manager on the other, the intent
of the parties and their relative knowledge, access to information and opportunity to correct or prevent such untrue statement or omission.
The Company and the Dealer Manager agree that it would not be just and equitable if contribution were determined by pro rata allocation
or any other method of allocation that does not take account of the equitable considerations referred to above. Notwithstanding anything
to the contrary above (other than with respect to uncovered losses), in no event shall Evercore Group L.L.C. be responsible under this
paragraph for any amounts in excess of the amount of the compensation actually paid by the Company to Evercore Group L.L.C. in connection
with the engagement (exclusive of amounts paid for reimbursement of expenses under the Agreement, including this Section 7, and amounts
paid under this Section 7). Notwithstanding the provisions of this paragraph (d), no person guilty of fraudulent misrepresentation (within
the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 7, each person who controls the Dealer Manager within the meaning of either the Securities
Act or the Exchange Act and each director, officer, employee and agent of the Dealer Manager shall have the same rights to contribution
as such Dealer Manager, and each person who controls the Company within the meaning of either the Securities Act or the Exchange Act and
each officer and director of the Company shall have the same rights to contribution as the Company, subject in each case to the applicable
terms and conditions of this paragraph (d).

 

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8. Non-Disclosure.
The Company shall not disclose the provisions of this Agreement to any other person without the prior written consent of the Dealer Manager,
unless the Company reasonably determines that the failure to make such disclosure would violate applicable law.

 

9. Certain
Acknowledgments. The Company understands that you and your affiliates (together, the “Group”) are engaged in a
wide range of financial services and businesses (including investment management, financing, securities trading, corporate and investment
banking and research). Members of the Group and businesses within the Group generally act independently of each other, both for their
own account and for the account of clients. Accordingly, there may be situations where parts of the Group and/or their clients either
now have or may in the future have interests, or take actions, that may conflict with our interests. For example, the Group may, in the
ordinary course of business, engage in trading in financial products or undertake other investment businesses for their own account or
on behalf of other clients, including, but not limited to, trading in or holding long, short or derivative positions in securities, loans
or other financial products of the Company or other entities connected with the Exchange Offer.

 

In recognition of the foregoing, the Company agrees
that the Group is not required to restrict its activities as a result of this engagement, and that the Group may undertake any business
activity without further consultation with or notification to the Company. Neither this Agreement, the receipt by the Group of confidential
information nor any other matter shall give rise to any fiduciary, equitable or contractual duties (including without limitation any duty
of trust or confidence) that would prevent or restrict the Group from acting on behalf of other customers or for its own account. Furthermore,
the Company agrees that neither the Group nor any member or business of the Group is under a duty to disclose to the Company or use on
behalf of the Company any information whatsoever about or derived from those activities or to account for any revenue or profits obtained
in connection with such activities. However, consistent with the Group’s long-standing policy to hold in confidence the affairs
of its customers, the Group will not use confidential information obtained from the Company except in connection with its services to,
and its relationship with the Company.

 

The Company hereby acknowledges that you are acting
as principal and not as a fiduciary of the Company and the Company’s engagement of you in connection with the transactions contemplated
herein is as an independent contractor, on an arms-length basis under this Agreement with duties solely to the Company, and not in any
other capacity including as a fiduciary. Neither this Agreement, your performance hereunder nor any previous or existing relationship
between the Company and any member of or business within the Group will be deemed to create any fiduciary relationship. Neither this engagement,
nor the delivery of any advice in connection with this engagement, is intended to confer rights upon any persons not a party hereto (including
security holders, employees or creditors of the Company) as against the Group or their respective directors, officers, agents and employees.
Furthermore, the Company agrees that it is solely responsible for making its own judgments in connection with the transactions contemplated
herein (irrespective of whether any member of or business within the Group has advised or is currently advising the Company on related
or other matters).

 

10. Termination;
Representations, Acknowledgments and Indemnities to Survive.

 

(a) Subject
to clause (c) below, this Agreement may be terminated by the Company, at any time upon notice to the Dealer Manager, if (i) at any
time prior to the Exchange Date, the Exchange Offer and the Consent Solicitation is terminated or withdrawn by the Company for any reason,
or (ii) the Dealer Manager does not comply with all of its covenants under this Agreement.

 

(b) Subject
to clause (c) below, this Agreement may be terminated by the Dealer Manager, at any time upon notice to the Company, if (i) at any
time prior to the Exchange Date, the Exchange Offer and the Consent Solicitation is terminated or withdrawn by the Company for any reason,
(ii) the Company does not comply in all material respects with any covenant specified in Section 1, (iii) the Company shall publish, send
or otherwise distribute any amendment or supplement to the Offering Documents to which the Dealer Manager shall reasonably object or which
shall be reasonably disapproved by the counsel to the Dealer Manager or (iv) the Dealer Manager cancels the Agreement pursuant to Section
6.

 

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(c) The
respective agreements, representations, warranties, acknowledgments, indemnities and other statements of the Company or its officers and
of the Dealer Manager set forth in or made pursuant to this Agreement will remain in full force and effect, regardless of any investigation
made by or on behalf of the Dealer Manager or the Company or any of the officers, directors or controlling person of the Company, and
will survive delivery of and payment for the Shares. The provisions of Section 2, Section 5(m), Section 7, and Section 17 hereof, and
this Section 10(c), shall survive the termination or cancellation of this Agreement.

 

11. Compliance
with USA Patriot Act. In accordance with the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October
26, 2001)), the Dealer Manager is required to obtain, verify and record information that identifies its clients, including the Company,
which information may include the name and address of its clients, as well as other information that will allow the Dealer Manager to
properly identify its clients.

 

12. Notices.
All communications hereunder will be in writing and effective only on receipt, and, if sent to the Dealer Manager, will be mailed or delivered
to Evercore Group L.L.C. at 55 East 52nd Street, New York, New York 10055, with a copy to (which shall not constitute notice) Davis Polk
& Wardwell LLP, 450 Lexington Avenue, New York, New York 10017, Attention: Derek Dostal; or, if sent to the Company, will be mailed
or delivered to 303 Perimeter Center North Suite 600, Atlanta, GA 30346, Attention: Glenn Renzulli.

 

13. Successors.
This Agreement will inure to the benefit of and be binding upon the parties hereto and their respective successors and the officers and
directors and controlling persons referred to in Section 7 hereof, and, except as expressly set forth in Section 5(h) hereof, no other
person will have any right or obligation hereunder.

 

14. Submission
to Jurisdiction. The Company hereby submits to the jurisdiction of the U.S. federal and New York state courts in the Borough of Manhattan
in The City of New York in any suit or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby.
The Company waives any objection which it may now or hereafter have to the laying of venue of any such suit or proceeding in such courts.
The Company agrees that final judgment in any such suit, action or proceeding brought in such court shall be conclusive and binding upon
the Company and may be enforced in any court to the jurisdiction of which the Company is subject by a suit upon such judgment. The Company
hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing
a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to the Company at the address in effect
for notices to it under this Agreement and agrees that such service shall be deemed in every respect effective service of process upon
the Company in any such suit or proceeding.

 

15. Applicable
Law. This Agreement will be governed by and construed in accordance with the laws of the State of New York applicable to contracts
made and to be performed within the State of New York.

 

16. Waiver
of Jury Trial. Each of the parties hereto hereby waives any right to trial by jury in any suit or proceeding arising out of
or relating to this Agreement.

 

17. Counterparts.
This Agreement may be signed in two or more counterparts, each of which shall be an original, with the same effect as if the signatures
thereto and hereto were upon the same instrument. Counterparts may be delivered via facsimile, electronic mail (including any electronic
signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic Signatures and Records Act
or other applicable law, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have
been duly and validly delivered and be valid and effective for all purposes..

 

18. Headings.
The headings of the sections of this Agreement have been inserted for convenience of reference only and shall not be deemed a part of
this Agreement.

 

    20

     

    

 

19. Definitions.
The following terms, when used in this Agreement, shall have the meanings indicated.

 

“Affiliate” shall have the meaning
specified in Rule 501(b) of Regulation D.

 

“Business Day” shall mean any
day other than a Saturday, a Sunday or a legal holiday or a day on which banking institutions or trust companies are authorized or obligated
by law to close in The City of New York.

 

“Commencement Date” shall mean
the date of commencement (as defined in Rule 13e-4 under the Exchange Act) of the Exchange Offer.

 

“Commission” shall mean the U.S.
Securities and Exchange Commission.

 

“Common Stock” means the common
stock of the Company, par value $0.001 per share, and any other class of securities into which such securities may hereafter be reclassified
or changed.

 

“Effective Date” shall mean the
time the Registration Statement is declared effective under the Securities Act.

 

“Exchange Act” shall mean the
U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder.

 

“Exchange Date” shall mean the
date on which the Company issues the Shares in exchange for the Warrants pursuant to the Exchange Offer.

 

“Expiration Date” shall mean 11:59
p.m., Eastern Daylight Time on September 10, 2021, as may be extended by the Company in its sole discretion.

 

“FINRA” shall mean the Financial
Industry Regulatory Authority, Inc.

 

“Information Agent” shall mean
D.F. King & Co., Inc.

 

“Liens” means a lien, charge,
pledge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.

 

“Material Adverse Change” shall
mean, with respect to the Company, any change that is materially adverse to the condition (financial or otherwise), prospects, earnings,
business or properties of the Company and its subsidiaries, taken as a whole, whether or not arising from transactions in the ordinary
course of business.

 

“Material Adverse Effect” means
(i) a material adverse effect on the legality, validity or enforceability of any Transaction Document, (ii) a material adverse effect
on the results of operations, assets, business or condition (financial or otherwise) of the Company and its subsidiaries, taken as a whole
or (iii) a material adverse effect on the Company’s ability to perform in any material respect on a timely basis its obligations
under any Transaction Document.

 

“Offering Documents” shall mean
the Pre-Effective Registration Statement, the Registration Statement, the Preliminary Prospectus, the Prospectus, the accompanying letter
of transmittal and consent, the Schedule TO, the Rule 165 Material, the notice of guaranteed delivery, and all other documents filed or
to be filed with any federal, state or local government or regulatory agency or authority in connection with the Exchange Offer or the
Consent Solicitation, each as prepared or approved by the Company.

 

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“Pre-Effective Registration Statement”
shall mean the registration statement, filed by the Company with the Commission registering the Exchange Offer under the Securities Act,
including exhibits thereto and any documents deemed part of such registration statement pursuant to Rule 430C under the Securities Act,
in the form in which it is initially filed with the Commission.

 

“Preliminary Prospectus” shall
mean the preliminary prospectus that is used prior to the filing of the Prospectus, as amended or supplemented from time to time.

 

“proceeding” means an action,
claim, suit, investigation or proceeding (including, without limitation, an informal investigation or partial proceeding, such as a deposition),
whether commenced or threatened.

 

“Prospectus” shall mean the final
prospectus included in the Registration Statement, except that if the final prospectus furnished to the Dealer Manager for use in connection
with the Exchange Offer differs from the prospectus set forth in the Registration Statement (whether or not such prospectus is required
to be filed pursuant to Rule 424(b) under the Securities Act), the term “Prospectus” shall refer to the final prospectus
furnished to the Dealer Manager for such use.

 

“Registration Statement” shall
mean the registration statement filed by the Company with the Commission registering the Exchange Offer under the Securities Act, including
exhibits thereto and any documents deemed part of such registration statement pursuant to Rule 430C under the Securities Act, in the form
in which it becomes effective and, in the event of any amendment or supplement thereto or the filing of any abbreviated registration statement
pursuant to Rule 462(b) under the Securities Act relating thereto after the effective date of such registration statement, shall also
mean such registration statement as so amended or supplemented, together with any such abbreviated registration statement.

 

“Rule 165 Material” shall mean
any written communication made in connection with or relating to the Exchange Offer in reliance on Rule 165 of the Securities Act, and
filed by the Company with the Commission pursuant to Rule 425 under the Securities Act.

 

“Schedule TO” shall mean the tender
offer statement filed with the Commission on Schedule TO, including any documents incorporated by reference therein, with respect to the
Exchange Offer, including any amendment or supplement thereto.

 

“Securities Act” shall mean the
U.S. Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated thereunder.

 

“Trading Day” means a day on which
the principal Trading Market is open for trading.

 

“Trading Market” means any of
the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date in question: the Nasdaq Capital
Market (or any successors to any of the foregoing).

 

“Transaction Documents” means
this Agreement and any other documents or agreements executed in connection with the transactions contemplated hereunder.

 

“U.S.” or the “United
States” shall mean the United States of America.

 

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If the foregoing is in accordance with your understanding
of our agreement, please sign and return to us the enclosed duplicate hereof, whereupon this Agreement and your acceptance shall represent
a binding agreement between the Company and the Dealer Manager.

 

	 	Very truly yours,
	 	 
	 	PAYA HOLDINGS INC.
	 	 
	 	By	                                 
	 		Name:              
	 		Title:

 

	The foregoing Agreement is hereby confirmed and accepted as of the date first above written:	 
		 
	EVERCORE GROUP L.L.C.	 
	 	 
	 	 
	By	             	 
		Name: 	 
		Title:	 

 

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Schedule A

 

Dealer Manager Fee

 

The Fee paid to Evercore Group L.L.C.,
as Dealer Manager, shall be equal to $1,200,000 if more than 65% of the outstanding public warrants are validly tendered and not withdrawn
in the Exchange Offer.

 

All
payments due under the Agreement to which this Schedule relates are to be made in U.S. Dollars, free and clear of, and without deduction
for, any set-off, claim or applicable taxes. The Company will pay such additional amount as will result in the Dealer Manager receiving
and retaining (after any deduction or withholding) an amount equal to the payment that would have been due if no such deduction or withholding
had been required or made. For this purpose, “taxes” means all forms of taxation, duties (including stamp duty), levies,
imposts, charges and withholdings (including any related or incidental penalty, fine, interest or surcharge), in each case in the nature
of a tax and imposed by a taxing authority, and whether required by the law or regulations
of the United States or elsewhere.

 

Capitalized
terms used, but not defined, herein shall have the meanings ascribed to them by the Agreement of which this exhibit is a part.Exhibit 10.12

 

Execution
Version

 

TENDER AND SUPPORT AGREEMENT

 

TENDER AND SUPPORT AGREEMENT
(this “Agreement”), dated as of August 13, 2021, by and among Paya Holdings Inc., a Delaware corporation (the “Company”),
and each of the persons listed on Schedule A hereto (collectively, the “Public Warrant Holders,” and each a
“Public Warrant Holder”).

 

W I T N E S S E T H:

 

WHEREAS, as of the
date hereof, each Public Warrant Holder is the beneficial owner of warrants sold as part of the units in the initial public offering (the
“IPO”) (whether they were purchased in the IPO or thereafter in the open market) of FinTech Acquisition Corp. III (“FinTech”)
(the “Public Warrants”);

 

WHEREAS, as of the
date hereof, there are a total of 17,664,945 Public Warrants outstanding;

 

WHEREAS, as of the
date hereof, there are 50,000 outstanding private placement warrants that were issued pursuant to certain subscription agreements in a
private placement transaction in connection with the consummation of the IPO (the “Private Placement Warrants,” and
together with the Public Warrants, the “Warrants”);

 

WHEREAS, on October
16, 2020, the Company completed its business combination with FinTech, and in connection therewith the Company was renamed Paya Holdings
Inc.;

 

WHEREAS, each Public
Warrant entitles its holder to purchase one share of common stock, par value $0.001 per share (the “Common Stock”),
of the Company, for a purchase price of $11.50, subject to certain adjustments;

 

WHEREAS, the Company
is initiating an exchange offer (the “Exchange Offer”) pursuant to a registration statement on Form S-4 to be filed
with the Securities and Exchange Commission (as may be amended and supplemented, the “Registration Statement”), to
offer all Warrant holders, including the Public Warrant Holders, the opportunity to exchange their Warrants for shares of Common Stock,
based on an exchange ratio of 0.260 shares of Common Stock per Warrant and subject to other terms and conditions to be disclosed in the
Registration Statement, which exchange ratio and other terms and conditions will be the same for the Public Warrants and the Private Placement
Warrants;

 

WHEREAS, concurrent
with the Exchange Offer and as part of the Registration Statement, the Company is initiating a consent solicitation (the “Solicitation”)
to solicit the consent of the holders of the Public Warrants to amend, effective upon the completion of the Exchange Offer, the terms
of the Warrant Agreement (the “Warrant Agreement”), dated November 15, 2018, by and between FinTech and Continental
Stock Transfer & Trust Company, as warrant agent (the “Warrant Amendment”), which governs all of the Warrants,
to permit the Company to require that each Warrant that is outstanding upon the closing of the Exchange Offer be converted into 0.234
shares of Common Stock, which is a ratio of 10% less than the exchange ratio applicable to the Exchange Offer, as more fully described
in the Registration Statement; and

 

     

     

    

 

WHEREAS, as an inducement
to the Company’s willingness to initiate the Exchange Offer and the Solicitation, each Public Warrant Holder has agreed to enter
into this Agreement.

 

NOW, THEREFORE, in
consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth herein and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally
bound, do hereby agree as follows:

 

Section 1.01 Agreement
to Tender. Each Public Warrant Holder shall validly tender or cause to be tendered to the Company all Public Warrants beneficially
owned by such Public Warrant Holder as of the date hereof, free and clear of all liens, pursuant to and in accordance with the terms of
the Exchange Offer as described in the Registration Statement no later than the scheduled or extended expiration time of the Exchange
Offer at a ratio of 0.260 shares of Common Stock per Public Warrant. Notwithstanding anything to the contrary in the Registration Statement,
after a Public Warrant Holder validly tenders his, her or its Public Warrants to the Company in accordance with the terms of the Registration
Statement, such Public Warrant Holder shall not withdraw or cause to be withdrawn the tender of any of such Public Warrants from the Exchange
Offer, unless this Agreement is terminated pursuant to Section 1.06 hereof. For the avoidance of doubt, nothing in this Agreement shall
restrict the Public Warrant Holder from acquiring additional Warrants subsequent to the date hereof and such additional Warrants shall
not be subject to the terms of this Agreement.

 

Section 1.02 Agreement
to Consent. Each Public Warrant Holder shall deliver to the Company its timely consent with respect to the Solicitation with respect
to all of such Public Warrant Holder’s Public Warrants in accordance with the terms and conditions of the Solicitation as described
in the Registration Statement, and such Public Warrant Holder shall not withdraw or cause to be withdrawn any such consent; provided,
however that such consent may be withdrawn if this Agreement is terminated pursuant to Section 1.06 hereof.

 

Section 1.03 Ownership
of Public Warrants. Each Public Warrant Holder represents and warrants to the Company, as of the date hereof and as of the date of
tender of such Public Warrant Holder’s Public Warrants in accordance with this Agreement, that such Public Warrant Holder is the
sole beneficial owner of the number of Public Warrants set forth opposite such Public Warrant Holder’s name on Schedule A,
and has good and marketable title to such Public Warrants free and clear of any liens, options, rights, or any other encumbrances, limitations
or restrictions whatsoever (other than liens imposed under typical prime brokerage agreements and those restrictions imposed by applicable
securities laws, this Agreement and the Warrant Agreement). Each Public Warrant Holder shall not transfer any Public Warrants to any person
(other than the Company in connection with the Exchange Offer) unless such person acquiring such Public Warrants signs a joinder to this
Agreement agreeing to be bound by all terms and conditions of this Agreement.

 

Section 1.04 Company
Covenants. The Company agrees that it shall take all steps reasonably necessary or desirable to commence the Exchange Offer and Solicitation
as soon as practicable consistent with this Agreement, and agrees to take all steps necessary to update the Registration Statement as
required by applicable laws and regulation, and that the Registration Statement, when declared effective, will comply with all applicable
Securities and Exchange Commission requirements.

 

    2

     

    

 

Section 1.05 Specific
Performance. The parties hereto agree that irreparable damage would occur if any provision of this Agreement were not performed in
accordance with the terms hereof and that the parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement
or to enforce specifically the performance of the terms and provisions hereof, in addition to any other remedy to which they are entitled
at law or in equity.

 

Section 1.06 Termination.
This Agreement shall terminate as to all Public Warrant Holders (a) upon written notice to all the Public Warrant Holders by the Company,
or upon the earlier of (i) the date the Company’s board of directors or a committee thereof determines to no longer pursue the Exchange
Offer and the Solicitation, and (ii) October 30, 2021; or (b) if the Company fails to commence the Exchange Offer and Solicitation by
August 19, 2021.

 

Section 1.07 Public
Warrant Holder Obligations Several and Not Joint. The obligations of each Public Warrant Holder hereunder shall be several and not
joint, and no Public Warrant Holder shall be liable for any breach of the terms of this Agreement by any other Public Warrant Holder.

 

Section 1.08 Governing
Law. The validity, interpretation, and performance of this Agreement and of the Warrants shall be governed in all respects by the
laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive
laws of another jurisdiction. The Company hereby agrees that any action, proceeding or claim against it arising out of or relating in
any way to this Agreement shall be brought and enforced in the courts of the State of New York or the United States District Court for
the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby
waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.

 

Section 1.09 Counterparts.
This Agreement may be signed in counterparts (which may include counterparts delivered by any standard form of telecommunication), each
of which shall be an original and all of which together shall constitute one and the same instrument. The words “execution,”
“signed,” “signature,” and words of like import in this Agreement or in any other certificate, agreement or document
related to this Agreement, if any, shall include images of manually executed signatures transmitted by facsimile or other electronic format
(including, without limitation, “pdf,” “tif” or “jpg”) and other electronic signatures (including,
without limitation, DocuSign and AdobeSign). The use of electronic signatures and electronic records (including, without limitation, any
contract or other record created, generated, sent, communicated, received, or stored by electronic means) shall be of the same legal effect,
validity and enforceability as a manually executed signature or use of a paper-based record-keeping system to the fullest extent permitted
by applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures
and Records Act and any other applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions
Act or the Uniform Commercial Code.

 

[Signature Page Follows]

 

    3

     

    

 

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

 

	 	COMPANY:
	 	 	 
	 	PAYA HOLDINGS INC.
	 	 	 
	 	By:	/s/ Glenn Renzulli
	 	Name: 	Glenn Renzulli
	 	Title:	Chief Financial Officer

 

[Signature Page – Paya Tender and Support
Agreement]

 

    4

     

    

 

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

 

	 	HOLDER:
	 	 
	 	Riverview Group LLC
	 	By: Integrated Holding Group LP, its Managing Member
	 	By: Millennium Management LLC, its General Partner
	 	 
	 	/s/ Mark Meskin
	 	Name: 	Mark Meskin
	 	Title:	Chief Trading Officer

 

[Signature Page – Paya Tender and Support
Agreement]

 

    5

     

    

 

Schedule A

 	
    

    Name of Public Warrant Holder
	Number of Public Warrants
	Riverview Group LLC	11,157,400
	 	 
	 	 
	 	 
	 	 
	 	 

 

[Signature Page – Paya Tender and Support
Agreement]

 

6

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