Document:

Exhibit 10.22

 

 

Second
AMENDED AND RESTATED

 

LIMITED LIABILITY COMPANY AGREEMENT

 

OF

 

HAWK PARENT HOLDINGS LLC

 

Dated as of [●], 2019

 

 

 

THE LIMITED LIABILITY COMPANY UNITS OF
Hawk Parent Holdings LLC HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION OR ANY OTHER APPLICABLE SECURITIES LAWS AND ARE BEING SOLD
IN RELIANCE UPON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND SUCH LAWS. SUCH UNITS MUST BE ACQUIRED
FOR INVESTMENT ONLY AND MAY NOT BE OFFERED FOR SALE, PLEDGED, HYPOTHECATED, SOLD, ASSIGNED OR TRANSFERRED AT ANY TIME EXCEPT IN
COMPLIANCE WITH (I) THE SECURITIES ACT, ANY APPLICABLE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION, AND ANY OTHER APPLICABLE
SECURITIES LAWS; (II) THE TERMS AND CONDITIONS OF THIS Second AMENDED AND RESTATED
LIMITED LIABILITY COMPANY AGREEMENT; AND (III) ANY OTHER TERMS AND CONDITIONS AGREED TO IN WRITING BETWEEN THE MANAGING MEMBER
AND THE APPLICABLE MEMBER. THE UNITS MAY NOT BE TRANSFERRED OF RECORD EXCEPT IN COMPLIANCE WITH SUCH LAWS, THIS LIMITED LIABILITY
COMPANY AGREEMENT, AND ANY OTHER TERMS AND CONDITIONS AGREED TO IN WRITING BY THE MANAGING MEMBER AND THE APPLICABLE MEMBER. THEREFORE,
PURCHASERS AND OTHER TRANSFEREES OF SUCH UNITS WILL BE REQUIRED TO BEAR THE RISK OF THEIR INVESTMENT OR ACQUISITION FOR AN INDEFINITE
PERIOD OF TIME.

 

     

     

    

 

Table of Contents

 

	Article I DEFINITIONS	2
	Section 1.01.	 	Definitions	2
	Article II FORMATION, TERM, PURPOSE AND POWERS	10
	Section 2.01.	 	Formation	10
	Section 2.02.	 	Name	10
	Section 2.03.	 	Term	10
	Section 2.04.	 	Offices	10
	Section 2.05.	 	Agent for Service of Process; Existence and Good Standing; Foreign Qualification	11
	Section 2.06.	 	Business Purpose	11
	Section 2.07.	 	Powers of the Company	11
	Section 2.08.	 	Members; Reclassification; Admission of New Members	11
	Section 2.09.	 	Resignation	12
	Section 2.10.	 	Investment Representations of Members	12
	Article III MANAGEMENT	12
	Section 3.01.	 	Managing Member	12
	Section 3.02.	 	Compensation	13
	Section 3.03.	 	Expenses	13
	Section 3.04.	 	Officers	13
	Section 3.05.	 	Authority of Members	14
	Section 3.06.	 	Action by Written Consent or Ratification	14
	Section 3.07.	 	Restrictions on Termination Transactions	15
	Article IV DISTRIBUTIONS	16
	Section 4.01.	 	Distributions	16
	Section 4.02.	 	Liquidation Distribution	17
	Section 4.03.	 	Limitations on Distribution	17
	Article V CAPITAL CONTRIBUTIONS; CAPITAL ACCOUNTS;  TAX ALLOCATIONS;
    TAX MATTERS	17
	Section 5.01.	 	Initial Capital Contributions	17
	Section 5.02.	 	No Additional Capital Contributions	17
	Section 5.03.	 	Capital Accounts	17
	Section 5.04.	 	Allocations of Profits and Losses	18
	Section 5.05.	 	Special Allocations	18

 

    i

     

    

 

	Section 5.06.	 	Tax Allocations	19
	Section 5.07.	 	Tax Advances	20
	Section 5.08.	 	Tax Matters	20
	Section 5.09.	 	Other Allocation Provisions	20
	Article VI BOOKS AND RECORDS; REPORTS	21
	Section 6.01.	 	Books and Records	21
	Article VII COMPANY UNITS	22
	Section 7.01.	 	Units	22
	Section 7.02.	 	Register	23
	Section 7.03.	 	Registered Members	23
	Article VIII TRANSFER RESTRICTIONS	24
	Section 8.01.	 	Member Transfers	24
	Section 8.02.	 	Mandatory Exchanges	24
	Section 8.03.	 	Encumbrances	24
	Section 8.04.	 	Further Restrictions	25
	Section 8.05.	 	Rights of Assignees	26
	Section 8.06.	 	Admissions, Resignations and Removals	26
	Section 8.07.	 	Admission of Assignees as Substitute Members	27
	Section 8.08.	 	Resignation and Removal of Members	27
	Article IX DISSOLUTION, LIQUIDATION AND TERMINATION	28
	Section 9.01.	 	No Dissolution	28
	Section 9.02.	 	Events Causing Dissolution	28
	Section 9.03.	 	Distribution upon Dissolution	29
	Section 9.04.	 	Time for Liquidation	29
	Section 9.05.	 	Termination	29
	Section 9.06.	 	Claims of the Members	29
	Section 9.07.	 	Survival of Certain Provisions	29
	Article X LIABILITY AND INDEMNIFICATION	30
	Section 10.01.	 	Liability of Members	30
	Section 10.02.	 	Indemnification	31
	Article XI MISCELLANEOUS	33
	Section 11.01.	 	Severability	33
	Section 11.02.	 	Notices	33
	Section 11.03.	 	Cumulative Remedies	33

 

    ii

     

    

 

	Section 11.04.	 	Binding Effect	34
	Section 11.05.	 	Interpretation	35
	Section 11.06.	 	Counterparts	35
	Section 11.07.	 	Further Assurances	35
	Section 11.08.	 	Entire Agreement	35
	Section 11.09.	 	Governing Law	35
	Section 11.10.	 	Submission to Jurisdiction; Waiver of Jury Trial	35
	Section 11.11.	 	Expenses	36
	Section 11.12.	 	Amendments and Waivers	37
	Section 11.13.	 	No Third Party Beneficiaries	38
	Section 11.14.	 	Headings	38
	Section 11.15.	 	Power of Attorney	38
	Section 11.16.	 	Separate Agreements; Schedules	39
	Section 11.17.	 	Partnership Status	39
	Section 11.18.	 	Delivery by Facsimile or Email	39

 

    iii

     

    

 

Second
AMENDED AND RESTATED 

LIMITED LIABILITY COMPANY AGREEMENT OF 

Hawk
Parent Holdings LLC

 

This Second
AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (this “Agreement”) of Hawk Parent Holdings
LLC (the “Company”), is made as of [●], 2019 (the “Effective Date”) by and among Repay
Holdings Corporation, a Delaware corporation, as the Managing Member, and the Members whose names are set forth in the books and
records of the Company.

 

R-E-C-I-T-A-L-S

 

WHEREAS, the Company
was formed as a limited liability company pursuant to the Act upon the filing of the Certificate in the office of the Secretary
of State of the State of Delaware on July 13, 2016;

 

Whereas,
in connection with the formation of the Company, CC Payment Holdings, L.L.C. adopted that certain Limited Liability Company Agreement
dated as of July 13, 2016 (the “Initial LLC Agreement”), which Initial LLC Agreement was amended and restated
on September 1, 2016 (as amended and restated, the “Existing Agreement”);

 

WHEREAS, substantially
concurrently with the effectiveness of this Agreement, in accordance with the Agreement and Plan of Merger, dated as of January
21, 2019 (the “Merger Agreement”), by and among Thunder Bridge Acquisition Ltd. (“Parent”),
TB Acquisition Merger Sub LLC (“Merger Sub”), the Company and CC Payment Holdings, L.L.C., Merger Sub has merged
with and into the Company (the “Merger”), with the Company being the entity surviving the Merger;

 

WHEREAS, in connection
with the Merger, the limited liability company interests in the Company that were outstanding immediately prior thereto were reclassified
into a total number of Class A Units as set forth in the books and records of the Company; and

 

WHEREAS, pursuant to
the Merger Agreement, (i) the Members have agreed to amend and restate the Existing Agreement in its entirety as set forth herein
and (ii) Repay Holdings Corporation, by its execution and delivery of this Agreement, is hereby admitted to the Company as a Member
and is hereby substituted as Managing Member, and in such capacity shall have the rights and obligations as provided in this Agreement.

 

NOW, THEREFORE, in
consideration of the premises and agreements of the parties set forth herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Members and the Managing Member hereby agree to amend and restate
the Existing Agreement to read in its entirety as follows:

 

    1

     

    

 

Article
I

 

DEFINITIONS

 

Section 1.01. Definitions.
Capitalized terms used herein without definition have the following meanings (such meanings being equally applicable to both the
singular and plural form of the terms defined):

 

“Act”
means, the Delaware Limited Liability Company Act, 6 Del. C. Section 18-101, et seq., as it may be amended from time to time.

 

“Additional
Credit Amount” has the meaning set forth in Section 4.01(b)(ii).

 

“Adjusted
Capital Account Balance” means, with respect to each Member, the balance in such Member’s Capital Account adjusted
(i) by taking into account the adjustments, allocations and distributions described in Treasury Regulations Sections 1.704-1(b)(2)(ii)(d)(4),
(5) and (6); and (ii) by adding to such balance such Member’s share of Company Minimum Gain and Member Nonrecourse Debt
Minimum Gain, determined pursuant to Treasury Regulations Sections 1.704-2(g) and 1.704-2(i)(5), any amounts such Member is obligated
to restore pursuant to any provision of this Agreement or by applicable Law. The foregoing definition of Adjusted Capital Account
Balance is intended to comply with the provisions of Treasury Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted
consistently therewith.

 

“Affiliate”
means, with respect to a specified Person, any other Person that directly, or indirectly through one or more intermediaries, Controls,
is Controlled by, or is under common Control with, such specified Person.

 

“Agreement”
has the meaning set forth in the preamble of this Agreement.

 

“Amended
Tax Amount” has the meaning set forth in Section 4.01(b)(ii).

 

“Assignee”
has the meaning set forth in Section 8.05.

 

“Assumed
Tax Rate” means the highest effective marginal combined U.S. federal, state and local income tax rate (including, without
limitation, the “medicare” tax imposed under Section 1411 of the Code) for a Fiscal Year prescribed for an individual
or corporate resident in New York, New York (taking into account (a) the limitations imposed on the deductibility of expenses
and other items and (b) the character (e.g., long-term or short-term capital gain or ordinary or exempt income) of the applicable
income, but not taking into account the deductibility of state and local income taxes for U.S. federal income tax purposes, if
applicable). For the avoidance of doubt, the Assumed Tax Rate shall be the same for all Members.

 

“Available
Cash” means, as of a particular date, the amount of cash on hand which the Managing Member, in its reasonable discretion,
deems available for distribution to the Members, taking into account all debts, liabilities and obligations of the Company then
due and amounts that the Managing Member, in its reasonable discretion, deems necessary to expend or retain for working capital
or to place into reserves for customary and usual claims with respect to the Company’s operations.

 

    2

     

    

 

“Capital
Account” means the separate capital account maintained for each Member in accordance with Section 5.03 hereof.

 

“Capital
Contribution” means, with respect to any Member, the aggregate amount of money contributed to the Company and the Carrying
Value of any property (other than money), net of any liabilities assumed by the Company upon contribution or to which such property
is subject, contributed to the Company pursuant to Article V.

 

“Carrying
Value” means, with respect to any Company asset, the asset’s adjusted basis for U.S. federal income tax purposes,
except that the initial carrying value of assets contributed to the Company shall be their respective gross fair market values
on the date of contribution as determined by the Managing Member in its sole discretion, and the Carrying Values of all Company
assets shall be adjusted to equal their respective fair market values, in accordance with the rules set forth in Treasury Regulation
Section 1.704-1(b)(2)(iv)(f), except as otherwise provided herein, as of: (a) the date of the acquisition of any additional limited
liability company interest in the Company by any new or existing Member in exchange for more than a de minimis Capital Contribution;
(b) the date of the distribution of more than a de minimis amount of Company assets to a Member; (c) the date a limited liability
company interest in the Company is relinquished to the Company; or (d) any other date specified in the Treasury Regulations; provided,
however, that adjustments pursuant to clauses (a), (b) (c) and (d) above shall be made only if such adjustments are deemed
necessary or appropriate by the Managing Member in its sole discretion to reflect the relative economic interests of the Members.
The Carrying Value of any Company asset distributed to any Member shall be adjusted immediately before such distribution to equal
its fair market value. In the case of any asset that has a Carrying Value that differs from its adjusted tax basis, Carrying Value
shall be adjusted by the amount of depreciation calculated for purposes of the definition of “Profits” and “Losses”
rather than the amount of depreciation determined for U.S. federal income tax purposes, and depreciation shall be calculated by
reference to Carrying Value rather than tax basis once Carrying Value differs from tax basis.

 

“Certificate”
means the Certificate of Formation of the Company as filed in the office of the Secretary of State of the State of Delaware on
July 13, 2016, as amended.

 

“Class”
means the classes of Units into which the limited liability company interests in the Company may be classified or divided from
time to time by the Managing Member pursuant to the provisions of this Agreement. As of the date of this Agreement the only Class
is the Class A Units. Subclasses within a Class shall not be separate Classes for purposes of this Agreement. For all purposes
hereunder and under the Act, only such Classes expressly established under this Agreement, including by the Managing Member in
accordance with this Agreement, shall be deemed to be a class of limited liability company interests in the Company. For the avoidance
of doubt, to the extent that the Managing Member holds limited liability company interests of any Class, the Managing Member shall
not be deemed to hold a separate Class of such interests from any other Member because it is the Managing Member.

 

    3

     

    

 

“Class
A Units” means the Units of limited liability company interest in the Company designated as the “Class A Units”
herein and having the rights pertaining thereto as are set forth in this Agreement.

 

“Class
V Common Stock” has the meaning set forth in the Managing Member Charter.

 

“Code”
means the Internal Revenue Code of 1986, as amended from time to time.

 

“Company”
has the meaning set forth in the preamble of this Agreement.

 

“Company
Minimum Gain” has the meaning ascribed to the term “partnership minimum gain” set forth in Treasury Regulations
Sections 1.704-2(b)(2) and 1.704-2(d).

 

“Contingencies”
has the meaning set forth in Section 9.03(a).

 

“Control”
(including the terms “Controlled by” and “under common Control with”) means the possession,
directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through
the ownership of voting securities, as trustee or executor, by contract or otherwise, including, without limitation, the ownership,
directly or indirectly, of securities having the power to elect a majority of the board of directors or similar body governing
the affairs of such Person.

 

“Credit
Amount” has the meaning set forth in Section 4.01(b)(ii).

 

“Disabling
Event” means the Managing Member ceasing to be the Managing Member of the Company.

 

“Dissolution
Event” has the meaning set forth in Section 9.02.

 

“Effective
Date” has the meaning set forth in the preamble of this Agreement.

 

“Encumbrance”
means any mortgage, hypothecation, claim, lien, encumbrance, conditional sales or other title retention agreement, right of first
refusal, preemptive right, pledge, option, charge, security interest or other similar interest, easement, judgment or imperfection
of title of any nature whatsoever.

 

“Equity
Interests” means (a) capital stock, membership interests, partnership interests, other equity interests, rights to profits
or revenue and any other similar interest in any corporation, partnership, limited liability company or other business entity,
(b) any security or other interest convertible into or exchangeable or exercisable for any of the foregoing, whether at the time
of issuance or upon the passage of time or the occurrence of some future event and (c) any warrant, option or other right (contingent
or otherwise) to acquire any of the foregoing.

 

    4

     

    

 

“ERISA”
means The Employee Retirement Income Security Act of 1974, as amended.

 

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

 

“Exchange
Agreement” means the exchange agreement dated as of or about the date hereof among the Company, Managing Member, the
other Members of the Company from time to time party thereto, and the other parties thereto, as amended from time to time.

 

“Exchange
Transaction” means an exchange of Class A Units for shares of Class A common stock of the Managing Member pursuant to,
and in accordance with, the Exchange Agreement or, if the Managing Member and the exchanging Member shall mutually agree, a Transfer
of Class A Units to the Managing Member, the Company or any of their subsidiaries for shares of Class A common stock of the Managing
Member or other consideration otherwise than pursuant to, and in accordance with, the Exchange Agreement.

 

“Existing
Agreement” has the meaning set forth in the recitals of this Agreement.

 

“Family
Group” means, with respect to a Person who is an individual, (a) such Person’s spouse and direct descendants (whether
natural or adopted) (collectively, for purposes of this definition, “relatives”), and (b) any trust, the trustee
of which is such Person and which at all times is and remains solely for the benefit of such Person and/or such Person’s
relatives.

 

“Final
Tax Amount” has the meaning set forth in Section 4.01(b)(ii).

 

“Fiscal
Year” means, unless otherwise determined by the Managing Member in its sole discretion in accordance with Section
11.12, any twelve-month period commencing on January 1 and ending on December 31.

 

“GAAP”
means accounting principles generally accepted in the United States of America as in effect from time to time.

 

“Incapacity”
means, with respect to any Person, the bankruptcy, dissolution, termination of such Person.

 

“Indemnitee”
means (a) the Managing Member, (b) any additional or substitute Managing Member, (c) any Person who is or was a Partnership Representative,
officer or director of the Managing Member or any additional or substitute Managing Member, (d) any Person that is required to
be indemnified by the Managing Member as an “indemnitee” in accordance with the certificate of incorporation and/or
bylaws of the Managing Member as in effect from time to time, (e) any officer or director of the Managing Member or any additional
or substitute Managing Member who is or was serving at the request of the Managing Member or any additional or substitute Managing
Member as an officer, director, employee, member, Member, Partnership Representative, agent, fiduciary or trustee of another Person;
provided, that a Person shall not be an Indemnitee by reason of providing, on a fee-for-services basis, trustee, fiduciary
or custodial services, (f) any Officer, (g) any other Person the Managing Member in its sole discretion designates as an “Indemnitee”
for purposes of this Agreement and (h) any heir, executor or administrator with respect to Persons named in clauses (a) through
(g).

 

    5

     

    

 

“Initial
LLC Agreement” has the meaning set forth in the recitals of this Agreement.

 

“Law”
means any statute, law, ordinance, regulation, rule, code, executive order, injunction, judgment, decree or other order issued
or promulgated by any national, supranational, state, federal, provincial, local or municipal government or any administrative
or regulatory body with authority therefrom with jurisdiction over the Company or any Member, as the case may be.

 

“Liquidation
Agent” has the meaning set forth in Section 9.03.

 

“Managing
Member” means Repay Holdings Corporation, a corporation incorporated under the laws of the State of Delaware, or any
successor Managing Member admitted to the Company in accordance with the terms of this Agreement, in its capacity as the managing
member of the Company.

 

“Managing
Member Charter” means the certificate of incorporation (or equivalent organizational document) as filed with the secretary
of state (or equivalent governmental body or department) of the state in which the Managing Member is incorporated or formed,
as applicable, as in effect and amended from time to time.

 

“Managing
Member Equity Issuance” means any issuance of Upstream Securities.

 

“Managing
Member Incentive Plan” means the 2019 Omnibus Equity Incentive Plan adopted in connection with the Merger and any successor
or replacement equity incentive plan of the Managing Member.

 

“Member”
means each of the Persons from time to time listed as a Member in the books and records of the Company.

 

“Members”
means, at any time, each person listed as a Member (including the Managing Member) on the books and records of the Company, in
each case for so long as he, she or it remains a Member of the Company as provided hereunder.

 

“Member
Nonrecourse Debt Minimum Gain” means an amount with respect to each partner nonrecourse debt (as defined in Treasury
Regulations Section 1.704-2(b)(4)) equal to the Company Minimum Gain that would result if such partner nonrecourse debt were treated
as a nonrecourse liability (as defined in Treasury Regulations Section 1.752-1(a)(2)) determined in accordance with Treasury Regulations
Section 1.704-2(i)(3).

 

“Member
Nonrecourse Deductions” has the meaning ascribed to the term “partner nonrecourse deductions” set forth
in Treasury Regulations Section 1.704-2(i)(2).

 

“Merger”
has the meaning set forth in the recitals of this Agreement.

 

    6

     

    

 

“Merger
Agreement” has the meaning set forth in the recitals of this Agreement.

 

“Net
Taxable Income” has the meaning set forth in Section 4.01(b)(i).

 

“Nonrecourse
Deductions” has the meaning set forth in Treasury Regulations Section 1.704-2(b)(1). The amount of Nonrecourse Deductions
of the Company for a Fiscal Year equals the net increase, if any, in the amount of Company Minimum Gain of the Company during
that fiscal year, determined according to the provisions of Treasury Regulations Section 1.704-2(c).

 

“Officer”
means each Person designated as an officer of the Company by the Managing Member pursuant to and in accordance with the provisions
of Section 3.04, subject to any resolutions of the Managing Member appointing such Person as an officer of the Company
or relating to such appointment.

 

“Organization
Agreement” means that certain Organization Agreement dated as of or about the date hereof by and between the Managing
Member and the Company.

 

“Partnership
Representative” has the meaning set forth in Section 5.08.

 

“Person”
means any individual, estate, corporation, partnership, limited partnership, limited liability company, limited company, joint
venture, trust, unincorporated or governmental organization or any agency or political subdivision thereof.

 

“Primary
Indemnification” has the meaning set forth in Section 10.02(a).

 

“Proceeding”
has the meaning set forth in Section 10.02(a).

 

“Profits”
and “Losses” means, for each Fiscal Year or other period, the taxable income or loss of the Company, or particular
items thereof, determined in accordance with the accounting method used by the Company for U.S. federal income tax purposes with
the following adjustments: (a) all items of income, gain, loss or deduction allocated pursuant to Section 5.05 shall not
be taken into account in computing such taxable income or loss; (b) any income of the Company that is exempt from U.S. federal
income taxation and not otherwise taken into account in computing Profits and Losses shall be added to such taxable income or
loss; (c) if the Carrying Value of any asset differs from its adjusted tax basis for U.S. federal income tax purposes, any gain
or loss resulting from a disposition of such asset shall be calculated with reference to such Carrying Value; (d) upon an adjustment
to the Carrying Value (other than an adjustment in respect of depreciation) of any asset, pursuant to the definition of Carrying
Value, the amount of the adjustment shall be included as gain or loss in computing such taxable income or loss; (e) if the Carrying
Value of any asset differs from its adjusted tax basis for U.S. federal income tax purposes, the amount of depreciation, amortization
or cost recovery deductions with respect to such asset for purposes of determining Profits and Losses, if any, shall be an amount
which bears the same ratio to such Carrying Value as the U.S. federal income tax depreciation, amortization or other cost recovery
deductions bears to such adjusted tax basis (provided that if the U.S. federal income tax depreciation, amortization or
other cost recovery deduction is zero, the Managing Member may use any reasonable method for purposes of determining depreciation,
amortization or other cost recovery deductions in calculating Profits and Losses); and (f) except for items in (a) above, any
expenditures of the Company not deductible in computing taxable income or loss, not properly capitalizable and not otherwise taken
into account in computing Profits and Losses pursuant to this definition shall be treated as deductible items.

 

    7

     

    

 

“Registration
Rights Agreement” means the registration rights agreement dated as of or about the date hereof among the Managing Member
and the other Members from time to time party thereto, and the other parties thereto, as amended from time to time.

 

“Required
Interest” means one or more Members holding Units having among them more than 90% of the Total Percentage Interest.

 

“Revised
Partnership Audit Provisions” means Title XI, Section 1101, of the Bipartisan Budget Act of 2015, P.L. 114-74 (together
with any subsequent amendments thereto, Treasury Regulations promulgated thereunder, and published administrative interpretations
thereof, and any comparable provisions of state or local tax law).

 

“Section 6226
Election” has the meaning set forth in Section 5.08.

 

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

 

“Service
Provider” means any Member (in his, her or its individual capacity) or other Person, who at the time in question, is
employed by or providing services to the Managing Member, the Company or any of their respective Subsidiaries.

 

“Similar
Law” means any law or regulation that could cause the underlying assets of the Company to be treated as assets of the
Member by virtue of its limited liability company interest in the Company and thereby subject the Company and the Managing Member
(or other persons responsible for the investment and operation of the Company’s assets) to laws or regulations that are
similar to the fiduciary responsibility or prohibited transaction provisions contained in Title I of ERISA or Section 4975 of
the Code.

 

“Stockholder
Party” means a “Stockholder” under the Stockholders Agreements.

 

“Stockholders
Agreements” means the stockholders agreements dated as of or about the date hereof among the Managing Member and the
stockholders from time to time party thereto, and the other parties thereto, as amended from time to time.

 

“Tax”
means any federal, state, local or foreign income, sales and use, excise, franchise, real and personal property, gross receipt,
capital stock, production, business and occupation, premium, disability, employment, payroll, severance, or withholding tax or
other tax, duty, fee, assessment or charge of any kind whatsoever in the nature of a tax imposed by any taxing authority, whether
computed on a separate or consolidated, unitary or combined basis or in any other manner, whether disputed or not, and any interest
or penalties related to the foregoing.

 

    8

     

    

 

“Tax
Advances” has the meaning set forth in Section 5.07.

 

“Tax
Amount” has the meaning set forth in Section 4.01(b)(i).

 

“Tax
Distributions” has the meaning set forth in Section 4.01(b)(i).

 

“Tax
Receivable Agreement” means the Tax Receivable Agreement dated as of or about the date hereof among the Company, Managing
Member and the other parties from time to time party thereto, as amended from time to time.

 

“Termination
Transaction” means any direct or indirect Transfer of all or any portion of the Managing Member’s interest in
the Company in connection with, or the other occurrence of, (a) a merger, consolidation or other combination involving the Managing
Member, on the one hand, and any other Person, on the other, (b) a sale, lease, exchange or other transfer of all or substantially
all of the assets of the Managing Member not in the ordinary course of its business, whether in a single transaction or a series
of related transactions, (c) a reclassification, recapitalization or change of the outstanding shares of Class A common stock
of the Managing Member (other than a change in par value, or from par value to no par value, or as a result of a stock split,
stock dividend or similar subdivision), (d) the adoption of any plan of liquidation or dissolution of the Managing Member, or
(e) a direct or indirect Transfer of all or any portion of the Managing Member’s interest in the Company, other than a Transfer
effected in accordance with Section 3.07(a) or Section 3.07(b).

 

“Total
Percentage Interest” means, with respect to any Member, the quotient obtained by dividing the number of Units (vested
and unvested) then owned by such Member by the number of Units (vested and unvested) then owned by all Members.

 

“Transfer”
means, in respect of any Unit, property or other asset, any sale, assignment, transfer, distribution, exchange, mortgage, pledge,
hypothecation or other disposition thereof, whether voluntarily or by operation of Law, directly or indirectly, in whole or in
part, including, without limitation, the exchange of any Unit for any other security. The term “Transferred” shall
have a meaning correlative to the foregoing.

 

“Transferee”
means any Person that is a permitted transferee of a Member’s interest in the Company, or part thereof.

 

“Treasury
Regulations” means the income tax regulations, including temporary and proposed regulations, promulgated under the Code,
as such regulations may be amended from time to time (including corresponding provisions of succeeding regulations).

 

“Units”
means the Class A Units and any other Class of Units that is established in accordance with this Agreement, which shall constitute
limited liability company interests in the Company as provided in this Agreement and under the Act, entitling the holders thereof
to the relative rights, title and interests in the profits, losses, deductions and credits of the Company at any particular time
as set forth in this Agreement, and any and all other benefits to which a holder thereof may be entitled as a Member as provided
in this Agreement, together with the obligations of such Member to comply with all terms and provisions of this Agreement.

 

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“Unvested
Units” means those Units from time to time listed as unvested Units in the books and records of the Company.

 

“Upstream
Securities” means Equity Interests of any type issued by the Managing Member, including shares of common and preferred
stock whether vested or unvested.

 

“Vested
Units” means those Units listed as vested Units in the books and records of the Company, as the same may be amended
from time to time in accordance with this Agreement.

 

Article
II

 

FORMATION,
TERM, PURPOSE AND POWERS

 

Section 2.01. Formation.
The Company was formed as a limited liability company under the provisions of the Act by the filing of the Certificate on July
13, 2016. If requested by the Managing Member, the Members shall promptly execute all certificates and other documents consistent
with the terms of this Agreement necessary for the Managing Member to accomplish all filing, recording, publishing and other acts
as may be appropriate to comply with all requirements for (a) the formation and operation of a limited liability company under
the laws of the State of Delaware, (b) if the Managing Member in its sole discretion deems it advisable, the operation of the
Company as a limited liability company, or entity in which the Members have limited liability, in all jurisdictions where the
Company proposes to operate and (c) all other filings required to be made by the Company. The rights, powers, duties, obligations
and liabilities of the Members shall be determined pursuant to the Act and this Agreement. To the extent that the rights, powers,
duties, obligations and liabilities of any Member are different by reason of any provision of this Agreement than they would be
in the absence of such provision, this Agreement shall, to the extent permitted by the Act, control. The execution, delivery and
filing of the Certificate and each amendment thereto is hereby ratified, approved and confirmed by the Members.

 

Section 2.02. Name.
The name of the Company shall be, and the business of the Company shall be conducted under the name of “Hawk Parent Holdings
LLC,” and all Company business shall be conducted in that name or in such other names that comply with applicable law as
the Managing Member in its sole discretion may select from time to time. Subject to the Act, the Managing Member in its sole discretion
may change the name of the Company (and amend this Agreement to reflect such change) at any time and from time to time without
the consent of any other Person. Prompt notification of any such change shall be given to all Members.

 

Section 2.03. Term.
The term of the Company commenced on the date of the filing of the Certificate, and the term shall continue until the dissolution
of the Company in accordance with Article IX. The existence of the Company shall continue until cancellation of the Certificate
in the manner required by the Act.

 

Section 2.04. Offices.
The Company may have offices at such places either within or outside the State of Delaware as the Managing Member from time to
time may select in its sole discretion. As of the date hereof, the principal place of business and office of the Company is located
at 3 West Paces Ferry Road, Ste. 200, Atlanta, Georgia 30305.

 

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Section 2.05. Agent
for Service of Process; Existence and Good Standing; Foreign Qualification.

 

(a) The registered
office of the Company in the State of Delaware shall be located at c/o The Corporation Trust Company, 1209 Orange Street, Wilmington,
County of New Castle, Delaware 19801. The name of the registered agent of the Company for service of process on the Company in
the State of Delaware at such address shall be The Corporation Trust Company.

 

(b) The Managing Member
in its sole discretion may take all action which may be necessary or appropriate (i) for the continuation of the Company’s
valid existence as a limited liability company under the laws of the State of Delaware (and of each other jurisdiction in which
such existence is necessary to enable the Company to conduct the business in which it is engaged) and (ii) for the maintenance,
preservation and operation of the business of the Company in accordance with the provisions of this Agreement and applicable laws
and regulations. The Managing Member in its sole discretion may file or cause to be filed for recordation in the proper office
or offices in each other jurisdiction in which the Company is formed or qualified, such certificates (including certificates of
formation and fictitious name certificates) and other documents as are required by the applicable statutes, rules or regulations
of any such jurisdiction or as are required to reflect the identity of the Members. The Managing Member in its sole discretion
may cause the Company to comply, to the extent procedures are available and those matters are reasonably within the control of
the Officers, with all requirements necessary to qualify the Company to do business in any jurisdiction other than the State of
Delaware.

 

Section 2.06. Business
Purpose. The Company was formed for the object and purpose of, and the nature and character of the business to be conducted
by the Company is, engaging in any lawful act or activity for which limited liability companies may be formed under the Act.

 

Section 2.07. Powers
of the Company. Subject to the limitations set forth in this Agreement, the Company will possess and may exercise all of the
powers and privileges granted to it by the Act including, without limitation, the ownership and operation of the assets and other
property contributed to the Company by the Members, by any other Law or this Agreement, together with all powers incidental thereto,
so far as such powers are necessary or convenient to the conduct, promotion or attainment of the purpose of the Company set forth
in Section 2.06.

 

Section 2.08. Members;
Reclassification; Admission of New Members. Each of the Persons listed in the books and records of the Company, as the same
may be amended from time to time in accordance with this Agreement, by virtue of its execution of the Initial LLC Agreement, the
Existing Agreement or this Agreement, are admitted as Members of the Company. The rights, duties and liabilities of the Members
shall be as provided in the Act, except as is otherwise expressly provided herein, and the Members consent to the variation of
such rights, duties and liabilities as provided herein. Subject to Section 8.07 with respect to substitute Members, a Person
may be admitted from time to time as a new Member with the written consent of the Managing Member in its sole discretion. Each
new Member shall execute and deliver to the Managing Member an appropriate supplement to this Agreement pursuant to which the
new Member agrees to be bound by the terms and conditions of this Agreement, as it may be amended from time to time. A new Managing
Member or substitute Managing Member may be admitted to the Company solely in accordance with Section 8.06 or Section
9.02(e) hereof.

 

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Section 2.09. Resignation.
No Member shall have the right to resign as a member of the Company other than following the Transfer of all Units owned by such
Member in accordance with Article VIII.

 

Section 2.10. Investment
Representations of Members. Each Member hereby represents, warrants and acknowledges to the Company that: (a) such Member
has such knowledge and experience in financial and business matters and is capable of evaluating the merits and risks of an investment
in the Company and is making an informed investment decision with respect thereto; (b) such Member is acquiring interests in the
Company for investment only and not with a view to, or for resale in connection with, any distribution to the public or public
offering thereof; and (c) the execution, delivery and performance of this Agreement have been duly authorized by such Member.

 

Article
III

 

MANAGEMENT

 

Section 3.01. Managing
Member

 

(a) The business, property
and affairs of the Company shall be managed under the sole, absolute and exclusive direction of the Managing Member, which may
from time to time delegate authority to Officers or to others to act on behalf of the Company.

 

(b) Without limiting
the foregoing provisions of this Section 3.01, the Managing Member shall have the general power to manage or cause the
management of the Company (which may be delegated to Officers of the Company), including, without limitation, the following powers:

 

(i) to develop and
prepare a business plan each year which will set forth the operating goals and plans for the Company;

 

(ii) to execute and
deliver or to authorize the execution and delivery of contracts, deeds, leases, licenses, instruments of transfer and other documents
on behalf of the Company;

 

(iii) to make any
expenditures, to lend or borrow money, to assume or guarantee, or otherwise contract for, indebtedness and other liabilities,
to issue evidences of indebtedness and to incur any other obligations;

 

(iv) to establish
and enforce limits of authority and internal controls with respect to all personnel and functions;

 

(v) to engage attorneys,
consultants and accountants for the Company;

 

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(vi) to develop or
cause to be developed accounting procedures for the maintenance of the Company’s books of account; and

 

(vii) to do all such
other acts as shall be authorized in this Agreement or by the Members in writing from time to time.

 

Section 3.02. Compensation.
The Managing Member shall not be entitled to any compensation for services rendered to the Company in its capacity as Managing
Member.

 

Section 3.03. Expenses.
The Company shall pay, or cause to be paid, all costs, fees, operating expenses and other expenses of the Company (including the
costs, fees and expenses of attorneys, accountants or other professionals) incurred in pursuing and conducting, or otherwise related
to, the activities of the Company. The Company shall also, in the sole discretion of the Managing Member, bear and/or reimburse
the Managing Member for (i) any costs, fees or expenses incurred by the Managing Member in connection with serving as the Managing
Member and (ii) all other expenses allocable to the Company or otherwise incurred by the Managing Member in connection with operating
the Company’s business (including expenses allocated to the Managing Member by its Affiliates). To the extent that the Managing
Member determines in its sole discretion that such expenses are related to the business and affairs of the Managing Member that
are conducted through the Company and/or its subsidiaries (including expenses that relate to the business and affairs of the Company
and/or its subsidiaries and that also relate to other activities of the Managing Member), the Managing Member may cause the Company
to pay or bear all expenses of the Managing Member, including, without limitation, compensation and meeting costs of any board
of directors or similar body of the Managing Member, any salary, bonus, incentive compensation and other amounts paid to any Person
including Affiliates of the Managing Member to perform services for the Company, litigation costs and damages arising from litigation,
accounting and legal costs and franchise taxes, provided that the Company shall not pay or bear any income tax obligations
of the Managing Member or any obligations of the Managing Member under the Tax Receivable Agreement. Reimbursements pursuant to
this Section 3.03 shall be in addition to any reimbursement to the Managing Member as a result of indemnification pursuant
to Section 10.02.

 

Section 3.04. Officers.
Subject to the direction and oversight of the Managing Member, the day-to-day administration of the business of the Company may
be carried out by persons who may be designated as officers by the Managing Member, with titles including but not limited to “assistant
secretary,” “assistant treasurer,” “chairman,” “chief executive officer,” “chief
financial officer,” “chief operating officer,” “director,” “general counsel,” “general
manager,” “managing director,” “president,” “principal accounting officer,” “secretary,”
“senior chairman,” “senior managing director,” “treasurer,” “vice chairman,” “executive
vice president” or “vice president,” and as and to the extent authorized by the Managing Member in its sole
discretion. The officers of the Company shall have such titles and powers and perform such duties as shall be determined from
time to time by the Managing Member and otherwise as shall customarily pertain to such offices. Any number of offices may be held
by the same person. In its sole discretion, the Managing Member may choose not to fill any office for any period as it may deem
advisable. All officers and other persons providing services to or for the benefit of the Company shall be subject to the supervision
and direction of the Managing Member and may be removed, with or without cause, from such office by the Managing Member and the
authority, duties or responsibilities of any employee, agent or officer of the Company may be suspended by the Managing Member
from time to time, in each case in the sole discretion of the Managing Member. The Managing Member shall not cease to be a Managing
Member of the Company as a result of the delegation of any duties hereunder. No officer of the Company, in its capacity as such,
shall be considered a Managing Member of the Company by agreement, as a result of the performance of its duties hereunder or otherwise.

 

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Section 3.05. Authority
of Members. No Member (other than the Managing Member), in its capacity as such, shall participate in or have any control
over the business of the Company. Except as expressly provided herein, the Units do not confer any rights upon the Members to
participate in the affairs of the Company described in this Agreement. Except as expressly provided herein, no Member (other than
the Managing Member) shall have any right to vote on any matter involving the Company, including with respect to any merger, consolidation,
combination or conversion of the Company, or any other matter that a Member might otherwise have the ability to vote on or consent
with respect to under the Act, at law, in equity or otherwise. The conduct, control and management of the Company shall be vested
exclusively in the Managing Member. In all matters relating to or arising out of the conduct of the operation of the Company,
the decision of the Managing Member shall be the decision of the Company. Except as required or permitted by Law, or expressly
provided in the ultimate sentence of this Section 3.05 or by separate agreement with the Company, no Member who is not
also the Managing Member (and acting in such capacity) shall take any part in the management or control of the operation or business
of the Company in its capacity as a Member, nor shall any Member who is not also the Managing Member (and acting in such capacity)
have any right, authority or power to act for or on behalf of or bind the Company in his or its capacity as a Member in any respect
or assume any obligation or responsibility of the Company or of any other Member. Notwithstanding the foregoing, the Company may
from time to time appoint one or more Members as officers or employ one or more Members as employees, and such Members, in their
capacity as officers or employees of the Company (and not, for clarity, in their capacity as Members of the Company), may take
part in the control and management of the business of the Company to the extent such authority and power to act for or on behalf
of the Company has been delegated to them by the Managing Member.

 

Section 3.06. Action
by Written Consent or Ratification. Any action required or permitted to be taken by the Members pursuant to this Agreement
shall be taken if all Members whose consent or ratification is required consent thereto or provide a consent or ratification in
writing. Any action required, required to be approved or permitted to be taken by the Managing Member pursuant to this Agreement
may be taken or approved, as applicable, by the Managing Member acting pursuant to a writing which evidences its approval of or
consent to such action.

 

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Section 3.07. Restrictions
on Termination Transactions. The Managing Member shall not engage in, or cause or permit, a Termination Transaction, unless
either (x) the Termination Transaction has been approved by Members holding a majority of the Class A Units held by
all Members (excluding any Members controlled by the Managing Member), including each Stockholder Party, or (y) the following
conditions are satisfied:

 

(a) in connection with
any such Termination Transaction, (i) each holder of Class A Units (other than the Managing Member and its wholly owned
Subsidiaries) will receive, or will have the right to elect to receive, for each Class A Unit an amount of cash, securities
or other property equal to the product of (x) the number of shares of Class A common stock of the Managing Member into
which a Class A Unit is then exchangeable pursuant to the Exchange Agreement and (y) the greatest amount of cash, securities
or other property paid to a holder of one share of Class A common stock of the Managing Member in consideration of one share
of Class A common stock of the Managing Member pursuant to the terms of such Termination Transaction; provided,
that the condition set forth in this Section 3.07(a)(i) shall be deemed to have been satisfied if, in connection with such Termination
Transaction, a purchase, tender or exchange offer shall have been made to and accepted by the holders of a majority of the outstanding
shares of Class A common stock of the Managing Member, and each holder of Class A Units (other than the Managing Member
and its wholly owned subsidiaries) will receive, or will have the right to elect to receive, the greatest amount of cash, securities
or other property which such holder of Class A Units would have received had such Class A Units been exchanged for shares
of Class A common stock of the Managing Member in an Exchange Transaction immediately prior to the expiration of such purchase,
tender or exchange offer, such holder of Class A Units had thereupon accepted such purchase, tender or exchange offer and then
such Termination Transaction shall have been consummated (the fair market value, at the time of the Termination Transaction, of
the amount specified herein with respect to each Class A Unit is referred to as the “Transaction Consideration”);
and (ii) the Company receives an opinion from nationally recognized tax counsel to the effect that such Termination Transaction
will be tax-free to each holder of Class A Units (other than the Managing Member and its wholly owned Subsidiaries) for U.S.
federal income tax purposes (except to the extent of cash, marketable securities or other property received); or

 

(b) all of the following
conditions are met: (i) substantially all of the assets directly or indirectly owned by the Company prior to the announcement
of the Termination Transaction are, immediately after the Termination Transaction, owned directly or indirectly by (x) the
Company or (y) another limited liability company or limited partnership organized or existing under the laws of the United
States, any state thereof, the District of Columbia, or any territory thereof, which is the survivor of a merger, consolidation
or combination of assets with the Company (in each case, the “Surviving Company”); (ii) the Surviving
Company is classified as a partnership for U.S. Federal income tax purposes; (iii) the Members (other than entities controlled
by the Managing Member) that held Class A Units immediately prior to the consummation of such Termination Transaction own
a percentage interest of the Surviving Company based on the proportion of the relative fair market value of the net assets of
the Company to the other net assets of the Surviving Company immediately prior to the consummation of such transaction; (iv) the
rights of such Members with respect to the Surviving Company are at least as favorable as those of Members holding Class A
Units (including any rights under the Tax Receivable Agreement, unless such Termination Transaction constitutes a “Change
of Control” for purposes of the Tax Receivable Agreement or otherwise results in payments of cash to holders of Class A
Units equivalent to (and in lieu of) the payments that would be required to be made to such holders pursuant to the Tax Receivable
Agreement if such Termination Transaction did constitute a “Change of Control” for such purposes) immediately prior
to the consummation of such transaction (except to the extent that any such rights are consistent with clause (v) below)
and as those applicable to any other Members (not including the Managing Member) of the Surviving Company; and (v) such rights
include: (A) if the Managing Member or its successor has a single class of publicly traded common equity securities, the
right, to the same extent provided to holders of Class A Units pursuant to the Exchange Agreement, to exchange their interests
in the Surviving Company for: (1) a number of such publicly traded common equity securities with a fair market value, as
of the date of consummation of such Termination Transaction, equal to the Transaction Consideration, subject to antidilution adjustments
comparable to those set forth in Section 2.2 of the Exchange Agreement (the “Successor Shares Amount”);
and/or (2) cash in an amount equal to the fair market value of the Successor Shares Amount at the time of such exchange,
determined in a manner consistent with the definition of “Market Value” as set forth in the Exchange Agreement; or
(B) if the Managing Member or its successor does not have any class of publicly traded common equity securities, the right
to exchange their interests in the Surviving Partnership on a quarterly basis for cash in an amount equal to the fair market value
of such interest at the time of exchange, as determined at least once every calendar quarter by an independent appraisal firm
of recognized national standing retained by the Surviving Company.

 

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(c) In connection with
any Termination Transaction permitted by Section 3.07(b) hereof, the relative fair market values shall be reasonably determined
by the Managing Member as of the time of such transaction and, to the extent applicable, shall be no less favorable to the Members
than the relative values reflected in the terms of such transaction.

 

Article
IV

 

DISTRIBUTIONS

 

Section 4.01. Distributions

 

(a) The Managing Member,
in its sole discretion, may authorize distributions by the Company to the Members, which distributions shall be made pro rata
in accordance with the Members’ respective Total Percentage Interests.

 

(b) (i) In addition
to the foregoing, if the Managing Member reasonably determines that the taxable income of the Company for a Fiscal Year will give
rise to taxable income for the Members (“Net Taxable Income”), the Managing Member shall cause the Company
to distribute Available Cash in respect of income tax liabilities (the “Tax Distributions”) to the
extent that other distributions made by the Company for such year were otherwise insufficient to cover such tax liabilities. The
aggregate Tax Distributions payable with respect to any Fiscal Year shall be computed based upon the Managing Member’s estimate
of the allocable Net Taxable Income in accordance with Article V, multiplied by the Assumed Tax Rate (the “Tax
Amount”) and shall be made to Members pro rata in accordance with the Members’ respective Total Percentage
Interest. For purposes of computing the Tax Amount, the Net Taxable Income shall be determined without regard to any special adjustments
of tax items required as a result of any election under Section 754 of the Code, including adjustments required by Sections 734
and 743 of the Code.

 

(ii) Tax Distributions
shall be calculated and paid no later than one day prior to each quarterly due date for the payment by corporations on a calendar
year of estimated taxes under the Code in the following manner (A) for the first quarterly period, 25% of the Tax Amount, (B)
for the second quarterly period, 50% of the Tax Amount, less the prior Tax Distributions for the Fiscal Year, (C) for the third
quarterly period, 75% of the Tax Amount, less the prior Tax Distributions for the Fiscal Year and (D) for the fourth quarterly
period, 100% of the Tax Amount, less the prior Tax Distributions for the Fiscal Year. Following each Fiscal Year, and no later
than one day prior to the due date for the payment by corporations of income taxes for such Fiscal Year, the Managing Member shall
make an amended calculation of the Tax Amount for such Fiscal Year (the “Amended Tax Amount”), and shall cause
the Company to distribute a Tax Distribution, out of Available Cash, to the extent that the Amended Tax Amount so calculated
exceeds the cumulative Tax Distributions previously made by the Company in respect of such Fiscal Year. If the Amended Tax Amount
is less than the cumulative Tax Distributions previously made by the Company in respect of the relevant Fiscal Year, then the
difference (the “Credit Amount”) shall be applied against, and shall reduce, the amount of Tax Distributions
made for subsequent Fiscal Years. Within 30 days following the date on which the Company files a tax return on Form 1065, the
Managing Member shall make a final calculation of the Tax Amount of such Fiscal Year (the “Final Tax Amount”) and
shall cause the Company to distribute a Tax Distribution, out of Available Cash, to the extent that the Final Tax Amount
so calculated exceeds the Amended Tax Amount. If the Final Tax Amount is less than the Amended Tax Amount in respect of the relevant
Fiscal Year, then the difference (“Additional Credit Amount”) shall be applied against, and shall reduce, the
amount of Tax Distributions made for subsequent Fiscal Years. Any Credit Amount and Additional Credit Amount applied against future
Tax Distributions shall be treated as an amount actually distributed pursuant to this Section 4.01(b) for purposes of the
computations herein.

 

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Section 4.02. Liquidation
Distribution. Distributions made upon dissolution of the Company shall be made as provided in Section 9.03.

 

Section 4.03. Limitations
on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Managing Member shall not
make a distribution to any Member if such distribution would violate Section 18-607 of the Act or other applicable Law.

 

Article
V

 

CAPITAL
CONTRIBUTIONS; CAPITAL ACCOUNTS; 

TAX
ALLOCATIONS; TAX MATTERS

 

Section 5.01. Initial
Capital Contributions. The Members have made, on or prior to the date hereof, Capital Contributions and, in exchange, the
Company has issued to the Members the number of Class A Units as specified in the books and records of the Company.

 

Section 5.02. No
Additional Capital Contributions. No Member shall be required to make additional Capital Contributions to the Company without
the consent of such Member or permitted to make additional capital contributions to the Company without the consent of the Managing
Member, which may be granted or withheld in its sole discretion.

 

Section 5.03. Capital
Accounts. A separate capital account (a “Capital Account”) shall be established and maintained for each
Member in accordance with the provisions of Treasury Regulations Section 1.704-1(b)(2)(iv). The Capital Account of each Member
shall be credited with such Member’s Capital Contributions, if any, all Profits allocated to such Member pursuant to Section
5.04 and any items of income or gain which are specially allocated pursuant to Section 5.05; and shall be debited with
all Losses allocated to such Member pursuant to Section 5.04, any items of loss or deduction of the Company specially allocated
to such Member pursuant to Section 5.05, and all cash and the Carrying Value of any property (net of liabilities assumed
by such Member and the liabilities to which such property is subject) distributed by the Company to such Member. Any references
in any section of this Agreement to the Capital Account of a Member shall be deemed to refer to such Capital Account as the same
may be credited or debited from time to time as set forth above. In the event of any transfer of any interest in the Company in
accordance with the terms of this Agreement, the Transferee shall succeed to the Capital Account of the transferor to the extent
it relates to the transferred interest.

 

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Section 5.04. Allocations
of Profits and Losses. Except as otherwise provided in this Agreement, Profits and Losses (and, to the extent necessary,
individual items of income, gain or loss or deduction of the Company) shall be allocated in a manner such that the Capital Account
of each Member after giving effect to the special allocations set forth in Section 5.05 is, as nearly as possible, equal
(proportionately) to (i) the distributions that would be made pursuant to Article IX if the Company were dissolved, its
affairs wound up and its assets sold for cash equal to their Carrying Value, all Company liabilities were satisfied (limited with
respect to each non-recourse liability to the Carrying Value of the assets securing such liability) and the net assets of the
Company were distributed to the Members pursuant to this Agreement, minus (ii) such Member’s share of Company Minimum
Gain and Member Nonrecourse Debt Minimum Gain, computed immediately prior to the hypothetical sale of assets. For purposes of
this Article V, each Unvested Unit shall be treated as a Vested Unit. Notwithstanding the foregoing, the Managing Member
shall make such adjustments to Capital Accounts as it determines in its sole discretion to be appropriate to ensure allocations
are made in accordance with a Member’s interest in the Company.

 

Section 5.05. Special
Allocations. Notwithstanding any other provision in this Article V:

 

(a) Minimum Gain
Chargeback. If there is a net decrease in Company Minimum Gain or Member Nonrecourse Debt Minimum Gain (determined in accordance
with the principles of Treasury Regulations Sections 1.704-2(d) and 1.704-2(i)) during any Company taxable year, the Members shall
be specially allocated items of Company income and gain for such year (and, if necessary, subsequent years) in an amount equal
to their respective shares of such net decrease during such year, determined pursuant to Treasury Regulations Sections 1.704-2(g)
and 1.704-2(i)(5). The items to be so allocated shall be determined in accordance with Treasury Regulations Section 1.704-2(f).
This Section 5.05(a) is intended to comply with the minimum gain chargeback requirements in such Treasury Regulations Sections
and shall be interpreted consistently therewith; including that no chargeback shall be required to the extent of the exceptions
provided in Treasury Regulations Sections 1.704-2(f) and 1.704-2(i)(4).

 

(b) Qualified Income
Offset. If any Member unexpectedly receives any adjustments, allocations, or distributions described in Treasury Regulations
Section 1.704-1(b)(2)(ii)(d)(4), (5) or (6), items of Company income and gain shall be specially allocated to such Member in an
amount and manner sufficient to eliminate the deficit balance in such Member’s Adjusted Capital Account Balance created
by such adjustments, allocations or distributions as promptly as possible; provided that an allocation pursuant to this
Section 5.05(b) shall be made only to the extent that a Member would have a deficit Adjusted Capital Account Balance in
excess of such sum after all other allocations provided for in this Article V have been tentatively made as if this Section
5.05(b) were not in this Agreement. This Section 5.05(b) is intended to comply with the “qualified income offset”
requirement of the Code and shall be interpreted consistently therewith.

 

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(c) Gross Income
Allocation. If any Member has a deficit Capital Account at the end of any Fiscal Year which is in excess of the sum of (i)
the amount such Member is obligated to restore, if any, pursuant to any provision of this Agreement, and (ii) the amount such
Member is deemed to be obligated to restore pursuant to the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1)
and 1.704-2(i)(5), each such Member shall be specially allocated items of Company income and gain in the amount of such excess
as quickly as possible; provided that an allocation pursuant to this Section 5.05(c) shall be made only if and to
the extent that a Member would have a deficit Capital Account in excess of such sum after all other allocations provided for in
this Article V have been tentatively made as if Section 5.05(b) and this Section 5.05(c) were not in this
Agreement.

 

(d) Nonrecourse
Deductions. Nonrecourse Deductions shall be allocated to the Members in accordance with their respective Total Percentage
Interests.

 

(e) Member Nonrecourse
Deductions. Member Nonrecourse Deductions for any taxable period shall be allocated to the Member who bears the economic risk
of loss with respect to the liability to which such Member Nonrecourse Deductions are attributable in accordance with Treasury
Regulations Section 1.704-2(j).

 

(f) Ameliorative
Allocations. Any special allocations of income or gain pursuant to Sections 5.05(b) or 5.05(c) hereof shall
be taken into account in computing subsequent allocations pursuant to Section 5.04 and this Section 5.05(f), so
that the net amount of any items so allocated and all other items allocated to each Member shall, to the extent possible, be equal
to the net amount that would have been allocated to each Member if such allocations pursuant to Sections 5.05(b) or 5.05(c)
had not occurred.

 

Section 5.06. Tax
Allocations. For income tax purposes, each item of income, gain, loss and deduction of the Company shall be allocated among
the Members in the same manner as the corresponding items of Profits and Losses and specially allocated items are allocated for
Capital Account purposes; provided that in the case of any asset the Carrying Value of which differs from its adjusted
tax basis for U.S. federal income tax purposes, income, gain, loss and deduction with respect to such asset shall be allocated
solely for income tax purposes in accordance with the principles of Sections 704(b) and (c) of the Code (in any manner determined
by the Managing Member and permitted by the Code and Treasury Regulations, provided that the prior written consent of CC Payment
Holdings, L.L.C. (and its successors or assigns) shall be required for use of any method other than the traditional method described
in Treasury Regulation Section 1.704-3(b)) so as to take account of the difference between Carrying Value and adjusted basis of
such asset. Notwithstanding the foregoing, the Managing Member shall make such allocations for tax purposes as it determines in
its sole discretion to be appropriate to ensure allocations are made in accordance with a Member’s interest in the Company.

 

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Section 5.07. Tax
Advances. To the extent the Managing Member reasonably believes that the Company is required by law to withhold or to make
tax payments on behalf of or with respect to any Member or the Company is subjected to tax itself by reason of the status of any
Member (including any taxes paid pursuant to Section 6225 of the Code) (“Tax Advances”), the Managing Member
may cause the Company to withhold such amounts and cause the Company to make such tax payments as so required. All Tax Advances
made on behalf of a Member shall be repaid by reducing the amount of the current or next succeeding distribution or distributions
which would otherwise have been made to such Member or, if such distributions are not sufficient for that purpose, by so reducing
the proceeds of liquidation otherwise payable to such Member. For all purposes of this Agreement such Member shall be treated
as having received the amount of the distribution that is equal to the Tax Advance. Each Member hereby agrees to indemnify and
hold harmless the Company and the other Members from and against any liability (including, without limitation, any liability for
taxes, penalties, additions to tax or interest other than any penalties, additions to tax or interest imposed as a result of the
Company’s failure to withhold or make a tax payment on behalf of such Member which withholding or payment is required pursuant
to applicable Law but only to the extent amounts sufficient to pay such taxes were not timely distributed to the Member pursuant
to Section 4.01(b)) with respect to income attributable to or distributions or other payments to such Member.

 

Section 5.08. Tax
Matters. The Managing Member shall be entitled to act as or appoint the “partnership representative” pursuant
to the Revised Partnership Audit Provisions (in either such capacity, the Person serving is hereafter referred to as the “Partnership
Representative”), and shall have the power to exercise any and all rights that it is or may be entitled to exercise
in that capacity. The Partnership Representative shall keep the other Members reasonably informed as to any material tax actions,
examinations or proceedings relating to the Company and shall submit to the other Members, for their review and comment, any material
settlement or compromise offer with respect to any disputed item of income, gain, loss, deduction or credit of the Company. The
Members shall cooperate as reasonably requested by the Partnership Representative in connection with any election or decision
made by the Partnership Representative acting in that capacity (including by filing amended tax returns and providing information
requested). In the event the Company incurs or is required to pay any liability for taxes, interest or penalties pursuant to the
Revised Partnership Audit Provisions, then, to the extent such election is in the best interests of the Company and the Members,
the Partnership Representative will cause the Company to make an election under Section 6226 of the Code (a “Section 6226
Election”) if available. If a Section 6226 Election is made, the Partnership Representative shall provide to the Members
the Members’ respective shares of any adjustment to income, gain, loss, deduction or credit (as determined in the notice
of final partnership adjustment). If a Section 6226 Election is not available or such election is not in the best interests of
the Company and the Members, then (i) the Partnership Representative shall use reasonable efforts to reduce under Section 6225(c)
of the Code any Company-level assessment under the Revised Partnership Audit Provisions to reflect the particular tax status of
any Member (or its constituent owners); (ii) the Members (including any former Member) to whom such liability relates shall indemnify
the Company and other Members from and against such liability pursuant to Section 5.07.

 

Section 5.09. Other
Allocation Provisions. Certain of the foregoing provisions and the other provisions of this Agreement relating to the maintenance
of Capital Accounts are intended to comply with Treasury Regulations Section 1.704-1(b) and shall be interpreted and applied in
a manner consistent with such regulations. In addition to amendments effected in accordance with Section 11.12 or otherwise
in accordance with this Agreement, Sections 5.03, 5.04 and 5.05 may also, so long as any such amendment does
not materially change the relative economic interests of the Members, be amended at any time by the Managing Member if necessary,
in the opinion of tax counsel to the Company, to comply with such regulations or any applicable Law.

 

    20

     

    

 

Article
VI

 

BOOKS
AND RECORDS; REPORTS

 

Section 6.01. Books
and Records

 

(a) At all times during
the continuance of the Company, the Company shall prepare and maintain separate books of account for the Company in accordance
with GAAP.

 

(b) Except as limited
by Section 6.01(c), each Member shall have the right to receive, for a purpose reasonably related to such Member’s
interest as a Member in the Company, upon reasonable written demand stating the purpose of such demand and at such Member’s
own expense:

 

(i) a copy of the
Certificate and this Agreement and all amendments thereto, together with a copy of the executed copies of all powers of attorney
pursuant to which the Certificate and this Agreement and all amendments thereto have been executed; and

 

(ii) promptly after
their becoming available, copies of the Company’s U.S. federal income tax returns for the three most recent years.

 

(c) The Managing Member
may keep confidential from the Members, for such period of time as the Managing Member determines in its sole discretion, (i)
any information that the Managing Member reasonably believes to be in the nature of trade secrets or (ii) other information the
disclosure of which the Managing Member believes is not in the best interests of the Company, could damage the Company or its
business or that the Company is required by law or by agreement with any third party to keep confidential, including without limitation,
information as to the Units held by any other Member. With respect to any schedules, annexes or exhibits to this Agreement, each
Member (other than the Managing Member) shall only be entitled to receive and review any such schedules, annexes and exhibits
relating to such Member and shall not be entitled to receive or review any schedules, annexes or exhibits relating to any other
Member (other than the Managing Member).

 

(d) The Managing Member
shall cause to be prepared and filed all necessary federal and state income tax returns for the Company, including making any
tax elections. At the Company’s expense, the Managing Member, within 75 days of the close of the Fiscal Year, shall use
commercially reasonable efforts to furnish to each Member that was a Member during such Fiscal Year a Schedule K-1 and such other
tax information reasonably required for federal, state and local income tax reporting purposes. The Company shall use commercially
reasonable efforts to provide to each Person that was a Member during the Fiscal Year (a) by May 15th, August 15th and November
15th of such Fiscal Year, with an estimate of the taxable income, gains, deductions, losses and other items for, respectively,
the first, second and third fiscal quarters that such Person will be required to include in its taxable income and (b) by February
15th of such Fiscal Year, with an estimate of the taxable income, gains, deductions, losses and other items of such Person to
be reflected on the Schedule K-1 of such Person for the prior Fiscal Year. The Company also shall provide the Members with such
other information as may be reasonably requested for purposes of allowing the Members to prepare and file their own tax returns,
provided that any costs or expenses with respect to the foregoing shall be borne by the requesting Member.

 

    21

     

    

 

(e) The Managing Member
shall make the following elections on the appropriate tax returns and shall not rescind them without the prior written consent
of a Required Interest (provided that the election described in clause (ii) below cannot be rescinded without the prior
written consent of the all the Members):

 

(i) to adopt an appropriate
federal income tax method of accounting and to keep the Company’s books and records on such income-tax method;

 

(ii) to have in effect
(and to cause each direct or indirect subsidiary that is treated as a partnership for U.S. federal income tax purposes) an election,
pursuant to Section 754 of the Code (and any similar election for state or local tax purposes), to adjust the tax basis of Company
properties, for each taxable year in which an Exchange Transaction occurs; and

 

(iii) any other election
consented to by a Required Interest.

 

No Member may make an election for the
Company to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar
provisions of applicable state law, and no provision of this Agreement shall be construed to sanction or approve such an election.

 

Article
VII

 

COMPANY
UNITS

 

Section 7.01. Units.

 

(a) Limited liability
company interests in the Company shall be represented by Units. At the execution of this Agreement, the Units are comprised of
one Class: “Class A Units”. Immediately after giving effect to the transactions contemplated by the Merger Agreement,
each Member holds the number of Class A Units set forth opposite such Member’s name on Exhibit A attached hereto.

 

(b) Except under the
circumstances contemplated by and in compliance with Section 7.01(c) through (f), the Managing Member may not, without
the prior written consent of a Required Interest, (i) create any new Class or series of Units, or other Equity Interests of the
Company, (ii) issue additional Units or other Equity Interests of the Company to any Member or Person, (iii) amend the privileges,
preference, duties, liabilities, obligations and rights of any existing Units, or (iv) retire or redeem any previously issued
Units or other Equity Interests of the Company (other than in connection with an Exchange Transaction).

 

    22

     

    

 

(c) Upon the occurrence
of a Managing Member Equity Issuance, the Managing Member may, without the approval of any other Member, establish and issue additional
Units, in one or more Classes or series of Units, or other Equity Interests of the Company, at such price, and with such designations,
preferences and relative, participating, optional or other special rights, powers and duties (which may be senior to existing
Units, Classes and series of Units or other Company securities), as shall be necessary to parallel the economic and other rights
of the Upstream Securities issued in such Managing Member Equity Issuance, including (i) the right of such Units to share
in Profits and Losses or items thereof; (ii) the right of such Units to share in Company distributions; (iii) the rights
of such Units upon dissolution and liquidation of the Company; (iv) whether, and the terms and conditions upon which, the
Company may or shall be required to redeem such Units (including sinking fund provisions); (v) whether such Units are issued
with the privilege of conversion or exchange and, if so, the terms and conditions of such conversion or exchange; (vi) the
terms and conditions upon which such Units will be issued, evidenced by certificates and assigned or transferred; (vii) the
method for determining the Total Percentage Interest as to such Units; and (viii) the terms and conditions of the issuance of
such Units (including, without limitation, the amount and form of consideration, if any, to be received by the Company in respect
thereof, the Managing Member being expressly authorized, in its sole discretion, to cause the Company to issue such Units for
less than fair market value).

 

(d) If at any time
any previously issued Upstream Securities having any economic rights (but, for the avoidance of doubt, not including any Upstream
Securities which only have voting rights) are retired or redeemed by the Managing Member, the Managing Member shall make such
adjustments to the number of outstanding Units or other Equity Interests held by it as are necessary to reflect the retiring or
redemption of such Upstream Securities, including (i) canceling Units previously issued to the Managing Member, and (ii) amending
this Agreement, to the extent necessary and to reflect the retirement of any Class or series of Units, including by adjusting
the Total Percentage Interest.

 

(e) Notwithstanding
anything otherwise to the contrary herein, in connection with the grant or settlement of any award under any Managing Member Incentive
Plan, the Managing Member may, without the approval of any other Member, establish and issue additional Units, in one or more
Classes or series of Units, or other Equity Interests of the Company, with such designations, preferences and relative, participating,
optional or other special rights, powers and duties as shall be determined by the Managing Member in its sole discretion; provided,
however, that without the prior written consent of all Members who are Stockholder Parties, the Managing Member may not
issue Units under the Managing Member Incentive Plan to any Person if it would cause Units issued under the Managing Member Incentive
Plan to be issued to more than 50 Persons at the time of issuance.

 

(f) In accordance with
Sections 7.01(c) and 7.01(e), the Managing Member in its sole discretion, without the approval of any Member or
any other Person, is authorized (i) to issue Units or other Company securities of any newly established Class or any existing
Class to Members or other Persons who may acquire an interest in the Company and (ii) to amend this Agreement to reflect the creation
of any such new Class, the issuance of Units or other Company securities of such Class, and the admission of any Person as a Member
which has received Units or other Company securities. Except as expressly provided in this Agreement to the contrary, any reference
to “Units” shall include the Class A Units and Units of any other Class or series that may be established in accordance
with this Agreement. All Units of a particular Class shall have identical rights in all respects as all other Units of such Class,
except in each case as otherwise specified in this Agreement.

 

Section 7.02. Register.
The books and records of the Company shall be the definitive record of ownership of each Unit and all relevant information with
respect to each Member. Unless the Managing Member in its sole discretion shall determine otherwise, Units shall be uncertificated
and recorded in the books and records of the Company.

 

Section 7.03. Registered
Members. The Company shall be entitled to recognize the exclusive right of a Person registered on its records as the owner
of Units for all purposes and shall not be bound to recognize any equitable or other claim to or interest in Units on the part
of any other Person, whether or not it shall have express or other notice thereof, except as otherwise provided by the Act or
other applicable Law.

 

    23

     

    

 

Article
VIII

 

TRANSFER
RESTRICTIONS

 

Section 8.01. Member
Transfers

 

(a) Except as otherwise
agreed to in writing between the Managing Member and the applicable Member and reflected in the books and records of the Company
or as otherwise provided in this Article VIII, no Member or Assignee thereof may Transfer all or any portion of its Units
or other interest in the Company (or beneficial interest therein) without the prior consent of the Managing Member, which consent
may be given or withheld, or made subject to such conditions (including, without limitation, the receipt of such legal opinions
and other documents that the Managing Member may require) as are determined by the Managing Member, in each case in the Managing
Member’s sole discretion, and which consent may be in the form of a plan or program entered into or approved by the Managing
Member, in its sole discretion. Any such determination in the Managing Member’s sole discretion in respect of Units shall
be final and binding. Such determinations need not be uniform and may be made selectively among Members, whether or not such Members
are similarly situated, and shall not constitute the breach of any duty hereunder or otherwise existing at law, in equity or otherwise.
Any purported Transfer of Units that is not in accordance with, or subsequently violates, this Agreement shall be, to the fullest
extent permitted by law, null and void. If a Member transfers all or a portion of its Units or other interest in the Company to
a transferee in compliance with this Agreement, the Managing Member shall issue a share of Class V Common Stock to such transferee
upon its admittance to the Company as a Member; provided, however, that such transferee is not already admitted to the Company
as a Member and does not already hold a share of Class V Common Stock at the time of such transfer.

 

(b) Notwithstanding
anything otherwise to the contrary in this Section 8.01, without the consent of the Managing Member or any other Person, each
Member that is (i) a Stockholder Party or (ii) a Member holding at least [·]%1
of the Total Percentage Interest may Transfer all or any portion of its Units in a Transfer that complies with Section
8.04, unless the Managing Member timely and reasonably objects in accordance with Section 8.04.

 

(c) Notwithstanding
anything otherwise to the contrary in this Section 8.01, each Member may Transfer Units in Exchange Transactions pursuant
to, and in accordance with, the Exchange Agreement; provided that in the case of any Member other than (i) a Stockholder
Party or (ii) a Member holding at least [·]%2
of the Total Percentage Interest, that such Exchange Transactions shall be effected in compliance with reasonable
policies that the Managing Member may adopt or promulgate from time to time and advise the Members of in writing (including policies
requiring the use of designated administrators or brokers) in its reasonable discretion; provided, further, that if such
policies conflict with the terms of the Exchange Agreement, the provisions of the Exchange Agreement shall apply in lieu thereof
to any Exchange Transaction to the extent of such conflict.

 

(d) Notwithstanding
anything otherwise to the contrary in this Section 8.01, (i) an individual Member may Transfer all or any portion of his
or her Units without consideration to any member of his or her Family Group in a Transfer that complies with Section 8.04
and (ii) the Managing Member may implement other policies and procedures to permit the Transfer of Units by the other Members
for personal planning purposes and any such Transfer effected in compliance with such policies and procedures shall not require
the prior consent of the Managing Member.

 

Section 8.02. Mandatory
Exchanges. The Managing Member may in its sole discretion at any time and from time to time, without the consent of any Member
or other Person, cause to be Transferred in an Exchange Transaction any and all Units, except for Units held by (i) any Service
Provider, (ii) any former Service Provider holding at least [·]%3
of the Total Percentage Interest or (iii) any Stockholder Party. Any such determinations by the Managing Member need
not be uniform and may be made selectively among Members, whether or not such Members are similarly situated.

 

Section 8.03. Encumbrances.
No Member or Assignee may create an Encumbrance with respect to all or any portion of its Units (or any beneficial interest therein)
other than Encumbrances that run in favor of the Member unless the Managing Member consents in writing thereto, which consent
may be given or withheld, or made subject to such conditions as are determined by the Managing Member, in the Managing Member’s
sole discretion. Consent of the Managing Member shall be withheld until the holder of the Encumbrance acknowledges the terms and
conditions of this Agreement. Any purported Encumbrance that is not in accordance with this Agreement shall be, to the fullest
extent permitted by law, null and void.

 

 

		1	Note to Form: To reflect a percentage ownership
that would include John Morris, Shaler Alias and Andrew Alias.

 

		2	Note to Form: To reflect a percentage ownership
that would include John Morris, Shaler Alias, and Andrew Alias.

 

		3	Note to Form: To reflect a percentage ownership
that would include John Morris, Shaler Alias, Andrew Alias and Tim Murphy.

 

    24

     

    

 

Section 8.04. Further
Restrictions.

 

(a) Units issued from
time to time after the date of this Agreement, including Units issued under equity incentive plans of the Company or the Managing
Member (or upon settlement of awards granted under such plans), may be subject to such additional or other terms and conditions,
including with regard to vesting, forfeiture, minimum retained ownership and Transfer, as may be agreed between the Managing Member
and the applicable Member and reflected in the books and records of the Company. Such requirements, provisions and restrictions
need not be uniform and may be waived or released by the Managing Member in its sole discretion with respect to all or a portion
of the Units owned by any one or more Members at any time and from time to time, and shall not constitute the breach of any duty
hereunder or otherwise existing at law, in equity or otherwise.

 

(b) Notwithstanding
any contrary provision in this Agreement, in no event may any Transfer of a Unit be made by any Member or Assignee if the Managing
Member determines that:

 

(i) such Transfer
is made to any Person who lacks the legal right, power or capacity to own such Unit;

 

(ii) except pursuant
to an Exchange Transaction, such Transfer would require the registration of such transferred Unit or of any Class of Unit pursuant
to any applicable U.S. federal or state securities laws (including, without limitation, the Securities Act or the Exchange Act)
or other non-U.S. securities laws (including Canadian provincial or territorial securities laws) or would constitute a non-exempt
distribution pursuant to applicable provincial or state securities laws;

 

(iii) such Transfer
would cause (i) all or any portion of the assets of the Company to (A) constitute “plan assets” (under ERISA, the
Code or any applicable Similar Law) of any existing or contemplated Member, or (B) be subject to the provisions of ERISA, Section
4975 of the Code or any applicable Similar Law, or (ii) the Managing Member to become a fiduciary with respect to any existing
or contemplated Member, pursuant to ERISA, any applicable Similar Law, or otherwise;

 

(iv) to the extent
requested by the Managing Member, the Company does not receive such legal and/or tax opinions and written instruments (including,
without limitation, copies of any instruments of Transfer and such Assignee’s consent to be bound by this Agreement as an
Assignee) that are in a form satisfactory to the Managing Member, as determined in the Managing Member’s sole discretion;
provided that no such legal and/or tax opinions shall be required for a Transfer by (a) a Stockholder Party or (b) a Member
holding at least [·]%4
of the Total Percentage Interest; or

 

 

		4	Note to Form: To reflect a percentage ownership
that would include John Morris, Shaler Alias and Andrew Alias.

 

    25

     

    

 

(v) the Managing Member
shall reasonably determine that such Transfer would pose a material risk that the Company would be treated as a “publicly
traded partnership” within the meaning of Section 7704 of the Code and the regulations promulgated thereunder.

 

All determinations with respect to this
Section 8.04 shall be made by the Managing Member in its sole discretion; provided, however, that all such
determinations with respect to (a) a Stockholder Party or (b) a Member holding at least [·]%5
of the Total Percentage Interest shall be made by the Managing Member exercising its reasonable discretion.

 

(c) In addition, notwithstanding
any contrary provision in this Agreement, to the extent the Managing Member shall reasonably determine that interests in the Company
do not meet the requirements of Treasury Regulation Section 1.7704-1(h), the Managing Member may impose such restrictions on the
Transfer of Units or other interests in the Company as the Managing Member may reasonably determine to be necessary or advisable
so that the Company is not treated as a “publicly traded partnership” within the meaning of Section 7704 of the Code
and the regulations promulgated thereunder.

 

(d) To the fullest
extent permitted by law, any Transfer in violation of this Article VIII shall be deemed null and void ab initio and
of no effect.

 

Section 8.05. Rights
of Assignees. Subject to Section 8.04(b), the Transferee of any permitted Transfer pursuant to this Article VIII
will be an assignee only (“Assignee”), and only will receive, to the extent transferred, the distributions
and allocations of income, gain, loss, deduction, credit or similar item to which the Member which transferred its Units would
be entitled, and such Assignee will not be entitled or enabled to exercise any other rights or powers of a Member, such other
rights, and all obligations relating to, or in connection with, such interest remaining with the transferring Member. The transferring
Member will remain a Member even if it has transferred all of its Units to one or more Assignees until such time as the Assignee(s)
is admitted to the Company as a Member pursuant to Section 8.07.

 

Section 8.06. Admissions,
Resignations and Removals

 

(a) No Person may be
admitted to the Company as an additional Managing Member or substitute Managing Member without the prior written consent of each
incumbent Managing Member, which consent may be given or withheld, or made subject to such conditions as are determined by each
incumbent Managing Member, in each case in the sole discretion of each incumbent Managing Member. A Managing Member will not be
entitled to resign as a Managing Member of the Company unless another Managing Member shall have been admitted hereunder (and
not have previously been removed or resigned).

 

 

		5	Note to Form: To reflect a percentage ownership
that would include John Morris, Shaler Alias and Andrew Alias.

 

    26

     

    

 

(b) No Member will
be removed or entitled to resign from being a Member of the Company except in accordance with Section 8.08 hereof. Any
additional Managing Member or substitute Managing Member admitted as a Managing Member of the Company pursuant to this Section
8.06 is hereby authorized to, and shall, continue the Company without dissolution.

 

(c) Except as otherwise
provided in Article IX or the Act, no admission, substitution, resignation or removal of a Member will cause the dissolution
of the Company. To the fullest extent permitted by law, any purported admission, resignation or removal that is not in accordance
with this Agreement shall be null and void.

 

Section 8.07. Admission
of Assignees as Substitute Members. An Assignee will become a substitute Member only if and when each of the following conditions
is satisfied:

 

(a) the Managing Member
consents in writing to such admission, which consent may be given or withheld, or made subject to such conditions as are determined
by the Managing Member, in each case in the Managing Member’s sole discretion;

 

(b) if required by
the Managing Member, the Managing Member receives written instruments (including, without limitation, copies of any instruments
of Transfer and such Assignee’s consent to be bound by this Agreement as a substitute Member) that are in a form satisfactory
to the Managing Member (as determined in its sole discretion);

 

(c) if required by
the Managing Member, the Managing Member receives an opinion of counsel satisfactory to the Managing Member to the effect that
such Transfer is in compliance with this Agreement and all applicable Law; provided that no such opinion of counsel shall
be required for a Transfer by (i) a Stockholder Party or (ii) a Member holding at least [●]%6
of the Total Percentage Interest; and

 

(d) if required by
the Managing Member, the parties to the Transfer, or any one of them, pays all of the Company’s reasonable expenses connected
with such Transfer (including, but not limited to, the reasonable legal and accounting fees of the Company); provided that
no (i) Stockholder Party or (ii) Member holding at least [●]%7
of the Total Percentage Interest shall be required to pay the Company’s reasonable expenses connected with
a Transfer by such Stockholder Party or such Member.

 

Section 8.08. Resignation
and Removal of Members. Subject to Section 8.05, if a Member (other than the Managing Member) ceases to hold any Units
then such Member shall cease to be a Member and to have the power to exercise any rights or powers of a member of the Company,
and shall be deemed to have resigned from the Company.

 

 

		6	Note to Form: To reflect a percentage ownership
that would include John Morris, Shaler Alias and Andrew Alias.

 

		7	Note to Form: To reflect a percentage ownership
that would include John Morris, Shaler Alias and Andrew Alias.

 

    27

     

    

 

Article
IX

 

DISSOLUTION,
LIQUIDATION AND TERMINATION

 

Section 9.01. No
Dissolution. Except as required by the Act, the Company shall not be dissolved by the admission of additional Members or resignation
of Members in accordance with the terms of this Agreement. The Company may be dissolved, liquidated, wound up and terminated only
pursuant to the provisions of this Article IX, and the Members hereby irrevocably waive any and all other rights they may
have to cause a dissolution of the Company or a sale or partition of any or all of the Company assets.

 

Section 9.02. Events
Causing Dissolution. The Company shall be dissolved and its affairs shall be wound up upon the occurrence of any of the following
events (each, a “Dissolution Event”):

 

(a) the entry of a
decree of judicial dissolution of the Company under Section 18-802 of the Act upon the finding by a court of competent jurisdiction
that it is not reasonably practicable to carry on the business of the Company in conformity with this Agreement;

 

(b) any event which
makes it unlawful for the business of the Company to be carried on by the Members;

 

(c) the written consent
of all Members;

 

(d) at any time there
are no Members, unless the Company is continued in accordance with the Act;

 

(e) the Incapacity,
withdrawal or resignation of the Managing Member or the occurrence of a Disabling Event with respect to the Managing Member; provided
that the Company will not be dissolved or required to be wound up in connection with any of the events specified in this Section
9.02(e) if: (i) at the time of the occurrence of such event there is at least one other Managing Member of the Company who
is hereby authorized to, and elects to, carry on the business of the Company; or (ii) all remaining Members consent to or ratify
the continuation of the business of the Company and the appointment of another Managing Member of the Company, effective as of
the event that caused the Managing Member to cease to be a Managing Member of the Company, within 120 days following the occurrence
of any such event, which consent shall be deemed (and if requested each Member shall provide a written consent or ratification)
to have been given for all Members if the holders of more than 50% of the Vested Units then outstanding agree in writing to so
continue the business of the Company; or

 

(f) the determination
of the Managing Member in its reasonable discretion; provided that in the event of a dissolution pursuant to this clause
(f), the relative economic rights of each Class of Units immediately prior to such dissolution shall be preserved to the
greatest extent practicable with respect to distributions made to Members pursuant to Section 9.03 below in connection
with the winding up of the Company, taking into consideration tax and other legal constraints that may adversely affect one or
more parties hereto and subject to compliance with applicable laws and regulations, unless, and to the extent that, with respect
to any Class of Units, holders of not less than 90% of the Units of such Class consent in writing to a treatment other than as
described above.

 

    28

     

    

 

Section 9.03. Distribution
upon Dissolution. Upon dissolution, the Company shall not be terminated and shall continue until the winding up of the affairs
of the Company is completed. Upon the winding up of the Company, the Managing Member, or any other Person designated by the Managing
Member (the “Liquidation Agent”), shall take full account of the assets and liabilities of the Company and
shall, unless the Managing Member determines otherwise, liquidate the assets of the Company as promptly as is consistent with
obtaining the fair value thereof. The proceeds of any liquidation shall be applied and distributed in the following order:

 

(a) First, to the satisfaction
of debts and liabilities of the Company (including satisfaction of all indebtedness to Members and/or their Affiliates to the
extent otherwise permitted by law) including the expenses of liquidation, and including the establishment of any reserve which
the Liquidation Agent shall deem reasonably necessary for any contingent, conditional or unmatured contractual liabilities or
obligations of the Company (“Contingencies”). Any such reserve may be paid over by the Liquidation Agent to
any attorney-at-law, or acceptable party, as escrow agent, to be held for disbursement in payment of any Contingencies and, at
the expiration of such period as shall be deemed advisable by the Liquidation Agent for distribution of the balance in the manner
hereinafter provided in this Section 9.03; and

 

(b) The balance, if
any, to the Members, pro rata in accordance with the Members’ respective Total Percentage Interests.

 

Section 9.04. Time
for Liquidation. A reasonable amount of time shall be allowed for the orderly liquidation of the assets of the Company and
the discharge of liabilities to creditors so as to enable the Liquidation Agent to minimize the losses attendant upon such liquidation.

 

Section 9.05. Termination.
The Company shall terminate when all of the assets of the Company, after payment of or due provision for all debts, liabilities
and obligations of the Company, shall have been distributed to the holders of Units in the manner provided for in this Article
IX, and the Certificate shall have been cancelled in the manner required by the Act.

 

Section 9.06. Claims
of the Members. The Members shall look solely to the Company’s assets for the return of their Capital Contributions,
and if the assets of the Company remaining after payment of or due provision for all debts, liabilities and obligations of the
Company are insufficient to return such Capital Contributions, the Members shall have no recourse against the Company or any other
Member or any other Person. No Member with a negative balance in such Member’s Capital Account shall have any obligation
to the Company or to the other Members or to any creditor or other Person to restore such negative balance during the existence
of the Company, upon dissolution or termination of the Company or otherwise, except to the extent required by the Act.

 

Section 9.07. Survival
of Certain Provisions. Notwithstanding anything to the contrary in this Agreement, the provisions of Sections 5.07,
10.01, 10.02, 11.09 and 11.10 shall survive the termination of the Company.

 

    29

     

    

 

Article
X

 

LIABILITY
AND INDEMNIFICATION

 

Section 10.01. Liability
of Members

 

(a) No Member and no
Affiliate, manager, member, employee or agent of a Member shall be liable for any debt, obligation or liability of the Company
or of any other Member or have any obligation to restore any deficit balance in its Capital Account solely by reason of being
a Member of the Company, except to the extent required by the Act.

 

(b) This Agreement
is not intended to, and does not, create or impose any duty (including any fiduciary duty) on any of the Members (including without
limitation, the Managing Member) hereto or on their respective Affiliates. Further, notwithstanding any other provision of this
Agreement or any duty otherwise existing at law or in equity, the parties hereto agree that no Member or Managing Member shall,
to the fullest extent permitted by law, have duties (including fiduciary duties) to any other Member or to the Company, and in
doing so, recognize, acknowledge and agree that their duties and obligations to one another and to the Company are only as expressly
set forth in this Agreement; provided, however, that each Member shall have the duty to act in accordance with the
implied contractual covenant of good faith and fair dealing.

 

(c) To the extent that,
at law or in equity, any Member (including without limitation, the Managing Member) has duties (including fiduciary duties) and
liabilities relating thereto to the Company, to another Member or to another Person who is a party to or is otherwise bound by
this Agreement, the Members (including without limitation, the Managing Member) acting under this Agreement will not be liable
to the Company, to any such other Member or to any such other Person who is a party to or is otherwise bound by this Agreement,
for their good faith reliance on the provisions of this Agreement. The provisions of this Agreement, to the extent that they restrict
or eliminate the duties and liabilities relating thereto of any Member (including without limitation, the Managing Member) otherwise
existing at law or in equity, are agreed by the Members to replace to that extent such other duties and liabilities of the Members
relating thereto (including without limitation, the Managing Member).

 

(d) The Managing Member
may consult with legal counsel, accountants and financial or other advisors selected by it, and any act or omission taken by the
Managing Member on behalf of the Company or in furtherance of the interests of the Company in good faith in reliance upon and
in accordance with the advice of such Person as to matters the Managing Member reasonably believes to be within such Person’s
professional or expert competence shall be conclusively presumed to have been done or omitted in good faith and in accordance
with such opinion or advice, and the Managing Member will be fully protected in so acting or omitting to act so long as such counsel
or accountants or financial or other advisors were selected with reasonable care.

 

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(e) Notwithstanding
any other provision of this Agreement or otherwise applicable provision of law or equity, whenever in this Agreement the Managing
Member is permitted or required to make a decision (i) in its “sole discretion” or under a grant of similar authority
or latitude, such Managing Member shall be entitled to consider only such interests and factors as it desires, including its own
interests, and shall, to the fullest extent permitted by applicable Law, have no duty or obligation to give any consideration
to any interest of or factors affecting the Company or the Members, or (ii) in its “good faith” or under another expressed
standard, such Managing Member shall act under such express standard and shall not be subject to any other or different standards.

 

Section 10.02. Indemnification.

 

(a) Exculpation
and Indemnification. Notwithstanding any other provision of this Agreement, whether express or implied, to the fullest extent
permitted by law, no Indemnitee shall be liable to the Company or any Member for any act or omission in relation to the Company
or this Agreement or any transaction contemplated hereby taken or omitted by an Indemnitee unless such Indemnitee’s conduct
constituted fraud, bad faith or willful misconduct. To the fullest extent permitted by law, as the same exists or hereafter be
amended (but in the case of any such amendment, only to the extent that such amendment permits the Company to provide broader
indemnification rights than such law permitted the Company to provide prior to such amendment), the Company shall indemnify any
Indemnitee who was or is made or is threatened to be made a party to or is otherwise involved in any threatened, pending or completed
action, suit or proceeding (brought in the right of the Company or otherwise), whether civil, criminal, administrative, arbitrative
or investigative, and whether formal or informal (hereinafter a “Proceeding”), including appeals, by reason
of his or her or its status as an Indemnitee or by reason of any action alleged to have been taken or omitted to be taken by Indemnitee
in such capacity, for and against all loss and liability suffered and expenses (including attorneys’ fees), judgments, fines
and amounts paid in settlement reasonably incurred by such Indemnitee in connection with such action, suit or proceeding, including
appeals; provided that such Indemnitee shall not be entitled to indemnification hereunder if, but only to the extent that,
such Indemnitee’s conduct constituted fraud, bad faith or willful misconduct. Notwithstanding the preceding sentence, except
as otherwise provided in Section 10.02(c), the Company shall be required to indemnify an Indemnitee in connection with
any action, suit or proceeding (or part thereof) (i) commenced by such Indemnitee only if the commencement of such action, suit
or proceeding (or part thereof) by such Indemnitee was authorized by the Managing Member, and (ii) by or in the right of the Company
only if the Managing Member has provided its prior written consent. The indemnification of an Indemnitee of the type identified
in clause (e) of the definition of Indemnitee shall be secondary to any and all indemnification to which such Indemnitee is entitled
from the relevant other Person (including any payment made to such Indemnitee under any insurance policy issued to or for the
benefit of such Person or Indemnitee) (the “Primary Indemnification”), and will only be paid to the extent
the Primary Indemnification is not paid and/or does not provide coverage (e.g., a self-insured retention amount under an insurance
policy). No such Person shall be entitled to contribution or indemnification from or subrogation against the Company. The indemnification
of any other Indemnitee shall, to the extent not in conflict with such policy, be secondary to any and all payment to which such
Indemnitee is entitled from any relevant insurance policy issued to or for the benefit of the Company or any Indemnitee.

 

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(b) Advancement
of Expenses. To the fullest extent permitted by law, the Company shall promptly pay reasonable expenses (including attorneys’
fees) incurred by any Indemnitee in appearing at, participating in or defending any Proceeding in advance of the final disposition
of such Proceeding, including appeals, upon presentation of an undertaking on behalf of such Indemnitee to repay such amount if
it shall ultimately be determined that such Indemnitee is not entitled to be indemnified under this Section 10.02 or otherwise.
Notwithstanding the preceding sentence, except as otherwise provided in Section 10.02(c), the Company shall be required
to pay expenses of an Indemnitee in connection with any Proceeding (or part thereof) (i) commenced by such Indemnitee only if
the commencement of such action, suit or proceeding (or part thereof) by such Indemnitee was authorized by the Managing Member
and (ii) by or in the right of the Company only if the Managing Member has provided its prior written consent.

 

(c) Unpaid Claims.
If a claim for indemnification (following the final disposition of such Proceeding) or advancement of expenses under this Section
10.02 is not paid in full within 30 days after a written claim therefor by any Indemnitee has been received by the Company,
such Indemnitee may file proceedings to recover the unpaid amount of such claim and, if successful in whole or in part, shall
be entitled to be paid the expense of prosecuting such claim. In any such action the Company shall have the burden of proving
that such Indemnitee is not entitled to the requested indemnification or advancement of expenses under applicable Law.

 

(d) Insurance.
(i) To the fullest extent permitted by law, the Company may purchase and maintain insurance on behalf of any person described
in Section 10.02(a) against any liability asserted against such person, whether or not the Company would have the power
to indemnify such person against such liability under the provisions of this Section 10.02 or otherwise.

 

(ii) In the event
of any payment by the Company under this Section 10.02, the Company shall be subrogated to the extent of such payment to
all of the rights of recovery of the Indemnitee from any relevant other Person or under any insurance policy issued to or for
the benefit of the Company, such relevant other Person, or any Indemnitee. Each Indemnitee agrees to execute all papers required
and take all action necessary to secure such rights, including the execution of such documents as are necessary to enable the
Company to bring suit to enforce any such rights in accordance with the terms of such insurance policy or other relevant document.
The Company shall pay or reimburse all expenses actually and reasonably incurred by the Indemnitee in connection with such subrogation.

 

(iii) The Company
shall not be liable under this Section 10.02 to make any payment of amounts otherwise indemnifiable hereunder (including,
but not limited to, judgments, fines and amounts paid in settlement, and excise taxes with respect to an employee benefit plan
or penalties) if and to the extent that the applicable Indemnitee has otherwise actually received such payment under this Section
10.02 or any insurance policy, contract, agreement or otherwise.

 

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(e) Non-Exclusivity
of Rights. The provisions of this Section 10.02 shall be applicable to all actions, claims, suits or proceedings made
or commenced after the date of this Agreement, whether arising from acts or omissions to act occurring before or after its adoption.
The provisions of this Section 10.02 shall be deemed to be a contract between the Company and each person entitled to indemnification
under this Section 10.02 (or legal representative thereof) who serves in such capacity at any time while this Section
10.02 and the relevant provisions of applicable Law, if any, are in effect, and any amendment, modification or repeal hereof
shall not affect any rights or obligations then existing with respect to any state of facts or any action, suit or proceeding
then or theretofore existing, or any action, suit or proceeding thereafter brought or threatened based in whole or in part on
any such state of facts. If any provision of this Section 10.02 shall be found to be invalid or limited in application
by reason of any law or regulation, it shall not affect the validity of the remaining provisions hereof. The rights of indemnification
provided in this Section 10.02 shall neither be exclusive of, nor be deemed in limitation of, any rights to which any person
may otherwise be or become entitled or permitted by contract, this Agreement or as a matter of law, both as to actions in such
person’s official capacity and actions in any other capacity, it being the policy of the Company that indemnification of
any person whom the Company is obligated to indemnify pursuant to Section 10.02(a) shall be made to the fullest extent
permitted by law.

  

For purposes of this
Section 10.02, references to “other enterprises” shall include employee benefit plans; references to “fines”
shall include any excise taxes assessed on a person with respect to an employee benefit plan; and references to “serving
at the request of the Company” shall include any service as a director, officer, employee or agent of the Company which
imposes duties on, or involves services by, such director, officer, employee, or agent with respect to an employee benefit plan,
its participants, or beneficiaries.

 

This Section 10.02
shall not limit the right of the Company, to the extent and in the manner permitted by law, to indemnify and to advance expenses
to, and purchase and maintain insurance on behalf of, persons other than persons described in Section 10.02(a).

 

Article
XI

 

MISCELLANEOUS

 

Section 11.01. Severability.
If any term or other provision of this Agreement is held to be invalid, illegal or incapable of being enforced by any rule of
Law, or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect
so long as the economic or legal substance of the transactions is not affected in any manner materially adverse to any party.
Upon a determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall
negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in
a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the
fullest extent possible.

 

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Section 11.02. Notices.
All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be
deemed to have been duly given upon receipt) by delivery in person, by courier service (delivery receipt requested), by fax, by
electronic mail or by registered or certified mail (postage prepaid, return receipt requested) to the respective parties at the
following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this Section
11.02):

 

		(a)	If to the Company, to:

 

Hawk Parent Holdings LLC

c/o Repay Holdings Corporation

3 West Paces Ferry Road

Ste. 200

Atlanta, Georgia 30305

Attention: Chief Financial Officer

 

With a copy to

 

Repay Holdings Corporation

3 West Paces Ferry Road

Ste. 200

Atlanta, Georgia
30305

Attention: Chief Financial Officer

 

		(b)	If to any Member other than the Managing Member, to such
Member at the address of such Member as set forth on Exhibit A

 

		(c)	If to the Managing Member, to:

 

Repay Holdings Corporation

3 West Paces Ferry Road

Ste. 200

Atlanta, Georgia 30305

Attention: Chief Financial Officer

 

With a copy to

 

Hawk Parent Holdings LLC

c/o Repay Holdings Corporation

3 West Paces Ferry Road

Ste. 200

Atlanta, Georgia 30305

Attention: Chief Financial Officer

 

Section 11.03. Cumulative
Remedies. The rights and remedies provided by this Agreement are cumulative and the use of any one right or remedy by any
party shall not preclude or waive its right to use any or all other remedies. Said rights and remedies are given in addition to
any other rights the parties may have by Law.

 

Section 11.04. Binding
Effect. This Agreement shall be binding upon and inure to the benefit of all of the parties and, to the extent permitted by
this Agreement, their successors, executors, administrators, heirs, legal representatives and assigns.

 

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Section 11.05. Interpretation.
Throughout this Agreement, nouns, pronouns and verbs shall be construed as masculine, feminine, neuter, singular or plural, whichever
shall be applicable. Unless otherwise specified, all references herein to “Articles,” “Sections” and paragraphs
shall refer to corresponding provisions of this Agreement.

 

Each party hereto acknowledges
and agrees that the parties hereto have participated collectively in the negotiation and drafting of this Agreement and that he
or she or it has had the opportunity to draft, review and edit the language of this Agreement; accordingly, it is the intention
of the parties that no presumption for or against any party arising out of drafting all or any part of this Agreement will be
applied in any dispute relating to, in connection with or involving this Agreement. Accordingly, the parties hereby waive to the
fullest extent permitted by law the benefit of any rule of law or any legal decision that would require that in cases of uncertainty,
the language of a contract should be interpreted most strongly against the party who drafted such language.

 

Section 11.06. Counterparts.
This Agreement may be executed and delivered (including by email or facsimile transmission) in one or more counterparts, and by
the different parties hereto in separate counterparts, each of which when executed and delivered shall be deemed to be an original
but all of which taken together shall constitute one and the same agreement. Copies of executed counterparts transmitted by telecopy
or other electronic transmission service shall be considered original executed counterparts for purposes of this Section 11.06.

 

Section 11.07. Further
Assurances. Each Member shall perform all other acts and execute and deliver all other documents as may be necessary or appropriate
to carry out the purposes and intent of this Agreement.

 

Section 11.08. Entire
Agreement. This Agreement constitutes the entire agreement among the parties hereto pertaining to the subject matter hereof
and supersedes all prior agreements and understandings, whether oral or written, pertaining thereto (including, without limitation,
the Existing Agreement).

 

Section 11.09. Governing
Law. This Agreement shall be governed by, and construed in accordance with, the law of the State of Delaware.

 

Section 11.10. Submission
to Jurisdiction; Waiver of Jury Trial.

 

(a) Any and all disputes
which cannot be settled amicably with respect to this Agreement, including any action (at law or in equity), claim, litigation,
suit, arbitration, hearing, audit, review, inquiry, proceeding or investigation or ancillary claims of any party, arising out
of, relating to or in connection with the validity, negotiation, execution, interpretation, performance or non-performance of
this Agreement or any matter arising out of or in connection with this Agreement and the rights and obligations arising hereunder
or thereunder, or for recognition and enforcement of any judgment in respect of this Agreement and the rights and obligations
arising hereunder or thereunder brought by a party hereto or its successors or assigns, shall be brought and determined exclusively
in the Delaware Chancery Court, if such court shall not have jurisdiction, any federal court located in the State of Delaware,
or, if neither of such courts shall have jurisdiction, any other Delaware state court. Each of the parties hereby irrevocably
submits with regard to any such dispute for itself and in respect of its property, generally and unconditionally, to the sole
and exclusive personal jurisdiction of the aforesaid courts and agrees that it will not bring any dispute relating to this Agreement
or any of the transactions contemplated by this Agreement in any court other than the aforesaid courts. Each party irrevocably
consents to service of process in any dispute in any of the aforesaid courts by the mailing of copies thereof by registered or
certified mail, postage prepaid, or by recognized overnight delivery service, to such party at such party’s address referred
to in Section 11.02. Each party hereby irrevocably and unconditionally waives, and agrees not to assert as a defense, counterclaim
or otherwise, in any action brought by any party with respect to this Agreement (i) any claim that it is not personally subject
to the jurisdiction of the aforesaid courts for any reason other than the failure to serve process in accordance with this Section
11.10; (ii) any claim that it or its property is exempt or immune from the jurisdiction of any such court or from any legal
process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution
of judgment, execution of judgment or otherwise); or (iii) any objection which such party may now or hereafter have (A) to the
laying of venue of any of the aforesaid actions arising out of or in connection with this Agreement brought in the courts referred
to above; (B) that such action brought in any such court has been brought in an inconvenient forum and (C) that this Agreement,
or the subject matter hereof or thereof, may not be enforced in or by such courts.

 

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(b) To the extent that
any party has or hereafter may acquire any immunity from jurisdiction of any court or from any legal process (whether through
service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) with respect to itself,
or to such party’s property, each such party hereby irrevocably waives such immunity in respect of such party’s obligations
with respect to this Agreement.

 

(c)
Each party acknowledges that it is knowingly and voluntarily agreeing to the choice of Delaware law to govern this agreement and
to the jurisdiction of Delaware courts in connection with proceedings brought hereunder. The parties intend this to be an effective
choice of Delaware law and an effective consent to jurisdiction and service of process under 6 del. C. § 2708.

 

(d) Each party, for itself and its affiliates, hereby irrevocably and unconditionally waives to the fullest extent permitted by
applicable law all right to trial by jury in any action or counterclaim (whether based on contract, tort or otherwise)
arising out of or relating to the actions of the parties or their respective affiliates pursuant to this Agreement or the
other transaction documents in the negotiation, administration, performance or enforcement hereof or thereof.

 

Section 11.11. Expenses.
Except as otherwise specified in this Agreement, the Company shall be responsible for all costs and expenses, including, without
limitation, fees and disbursements of counsel, financial advisors and accountants, incurred by the Members and the Company in
connection with the preparation, negotiation, and operation of this Agreement.

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Section 11.12. Amendments
and Waivers

 

(a) This Agreement
(including the Annexes hereto) may be amended, supplemented, waived or modified by the Managing Member in its sole discretion
without the approval of any other Member or other Person so long as such amendment is executed and delivered to the Company by
at least one Stockholder Party; provided that no amendment, including any amendment effected by way of merger, consolidation
or transfer of all or substantially all the assets of the Company, may materially and adversely affect the rights of a holder
of Units, as such, other than on a pro rata basis with other holders of Units of the same Class without the consent of such holder
(or, if there is more than one such holder that is so affected, without the consent of a majority in interest of such affected
holders in accordance with their holdings of such Class of Units); provided further, that notwithstanding the foregoing,
the Managing Member may, without the written consent of any Member or any other Person, amend, supplement, waive or modify any
provision of this Agreement and execute, swear to, acknowledge, deliver, file and record whatever documents may be required in
connection therewith, to reflect: (1) any amendment, supplement, waiver or modification that the Managing Member determines in
its reasonable discretion to be necessary or appropriate in connection with the creation, authorization or issuance of Units or
any Class or series of equity interest in the Company pursuant to Section 7.01(c) or Section 7.01(e) hereof; (2)
the admission, substitution, or withdrawal of Members in accordance with this Agreement, pursuant to Section 8.07 hereof;
(3) a change in the name of the Company, the location of the principal place of business of the Company, the registered agent
of the Company or the registered office of the Company; (4) any amendment, supplement, waiver or modification that the Managing
Member determines in its reasonable discretion to be necessary or appropriate to address changes in U.S. federal income tax regulations,
legislation or interpretation; and/or (5) a change in the Fiscal Year or taxable year of the Company and any other changes that
the Managing Member determines to be necessary or appropriate as a result of a change in the Fiscal Year or taxable year of the
Company including a change in the dates on which distributions are to be made by the Company; provided, further,
that notwithstanding the foregoing, no amendment, including any amendment effected by way of merger, consolidation or transfer
of all or substantially all the assets of the Company, may materially and adversely affect the rights of a Member that is a Stockholder
Party without the consent of such Member. If an amendment has been approved in accordance with this agreement, such amendment
shall be adopted and effective with respect to all Members. Upon obtaining such approvals as may be required by this Agreement,
and without further action or execution on the part of any other Member or other Person, any amendment to this Agreement may be
implemented and reflected in a writing executed solely by the Managing Member and the other Members shall be deemed a party to
and bound by such amendment.

 

(b) No failure or delay
by any party in exercising any right, power or privilege hereunder (other than a failure or delay beyond a period of time specified
herein) shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise
thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and
not exclusive of any rights or remedies provided by Law.

 

(c) The Managing Member
may, in its sole discretion, unilaterally amend this Agreement on or before the effective date of the final regulations to provide
for (i) the election of a safe harbor under Proposed Treasury Regulation Section 1.83-3(l) (or any similar provision) under which
the fair market value of a Company interest (or interest in an entity treated as a partnership for U.S. federal income tax purposes)
that is transferred is treated as being equal to the liquidation value of that interest, (ii) an agreement by the Company and
each of its Members to comply with all of the requirements set forth in such regulations and Notice 2005-43 (and any other guidance
provided by the Internal Revenue Service with respect to such election) with respect to all Company interests (or interest in
an entity treated as a partnership for U.S. federal income tax purposes) transferred in connection with the performance of services
while the election remains effective, (iii) the allocation of items of income, gains, deductions and losses required by the final
regulations similar to Proposed Treasury Regulation Section 1.704-1(b)(4)(xii)(b) and (c), 1.704-1(b)(2)(iv)(b)(1) and any other
related amendments.

 

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(d) Except as may be
otherwise required by law in connection with the winding-up, liquidation, or dissolution of the Company, each Member hereby irrevocably
waives any and all rights that it may have to maintain an action for judicial accounting or for partition of any of the Company’s
property.

 

Section 11.13. No
Third Party Beneficiaries. This Agreement shall be binding upon and inure solely to the benefit of the parties hereto and
their permitted assigns and successors and nothing herein, express or implied, is intended to or shall confer upon any other Person
or entity, any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement (other
than pursuant to Section 10.02 hereof); provided, however, that each employee, officer, director, agent or
indemnitee of any Person who is bound by this Agreement or its Affiliates is an intended third party beneficiary of Section
11.10 and shall be entitled to enforce its rights thereunder.

 

Section 11.14. Headings.
The headings and subheadings in this Agreement are included for convenience and identification only and are in no way intended
to describe, interpret, define or limit the scope, extent or intent of this Agreement or any provision hereof.

 

Section 11.15. Power
of Attorney. Each Member, by its execution hereof, hereby makes, constitutes and appoints the Managing Member as its true
and lawful agent and attorney in fact, with full power of substitution and full power and authority in its name, place and stead,
to make, execute, sign, acknowledge, swear to, record and file (a) this Agreement and any amendment to this Agreement that has
been consented to and adopted as herein provided; (b) all amendments to the Certificate required or permitted by law or the provisions
of this Agreement; (c) all certificates and other instruments (including consents and ratifications which the Members have agreed
to provide upon a matter receiving the agreed support of Members) deemed advisable by the Managing Member to carry out the provisions
of this Agreement and Law or to permit the Company to become or to continue as a limited liability company or entity wherein the
Members have limited liability in each jurisdiction where the Company may be doing business; (d) all instruments that the Managing
Member deems appropriate to reflect a change or modification of this Agreement or the Company in accordance with this Agreement,
including, without limitation, the admission of additional Members or substituted Members pursuant to the provisions of this Agreement;
(e) all conveyances and other instruments or papers deemed advisable by the Managing Member to effect the liquidation and termination
of the Company; and (f) all fictitious or assumed name certificates required or permitted (in light of the Company’s activities)
to be filed on behalf of the Company.

 

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Section 11.16. Separate
Agreements; Schedules. Notwithstanding any other provision of this Agreement, including Section 11.12, the Managing
Member in its sole discretion may, or may cause the Company to, without the approval of any Member or other Person, enter into
separate subscription, letter or other agreements with individual Members that have become or will become Members after the date
hereof with respect to any matter, which have the effect of establishing rights under, or altering, supplementing or amending
the terms of, this Agreement. The parties hereto agree that any terms contained in any such separate agreement shall govern with
respect to such future Member(s) party thereto notwithstanding the provisions of this Agreement. The Managing Member in its sole
discretion may from time to time execute and deliver to the Members schedules which set forth information contained in the books
and records of the Company and any other matters deemed appropriate by the Managing Member. Such schedules shall be for information
purposes only and shall not be deemed to be part of this Agreement for any purpose whatsoever. Notwithstanding anything to the
contrary, solely for U.S. federal income tax purposes, this Agreement, the Tax Receivable Agreement, the Exchange Agreement, the
Organization Agreement and any other separate agreement described in this Section 11.16 shall constitute a “partnership
agreement” within the meaning of Section 761 of the Code.

 

Section 11.17. Partnership
Status. The Members intend to treat the Company as a partnership for U.S. federal income tax purposes and notwithstanding
anything to the contrary herein, no election to the contrary shall be made.

 

Section 11.18. Delivery
by Facsimile or Email. This Agreement, the agreements referred to herein, and each other agreement or instrument entered into
in connection herewith or therewith or contemplated hereby or thereby, and any amendments hereto or thereto, to the extent signed
and delivered by means of a facsimile machine or email with scan or facsimile attachment, shall be treated in all manner and respects
as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original
signed version thereof delivered in person. No party hereto or to any such agreement or instrument shall raise the use of a facsimile
machine or email to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated
through the use of a facsimile machine or email as a defense to the formation or enforceability of a contract, and each such party
forever waives any such defense.

 

 

[Remainder of Page Intentionally Left Blank]

    39

     

    

 

IN WITNESS WHEREOF, the parties hereto have
entered into this Agreement or have caused this Agreement to be duly executed by their respective authorized officers, in each
case as of the date first above stated.

  

	 	MANAGING MEMBER:
	 	 	 
	 	Repay Holdings Corporation
	 	 	 
	 	By:	                          
	 	Name:	 
	 	Title:	 
	 	 	 
	 	OTHER MEMBERS:
	 	 	 
	 	[●]

 

 

[Signature page
– Second Amended and Restated Limited Liability Company Agreement of Hawk Parent Holdings LLC]Exhibit 10.24

 

 

EMPLOYMENT
AGREEMENT

 

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

 

RECITALS:

 

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

 

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

 

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

 

WHEREAS,
Executive is currently employed by the Company and previously entered into an Employment Agreement with Hawk and the Company
dated as of July 22, 2016 (the “Prior Agreement”); and

 

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

 

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

 

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

 

     

     

    

 

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

 

3. Compensation
and Benefits.

 

(a) Salary.
During the Employment Period, Executive shall receive from the Company a base salary for each twelve (12) month period commencing
on the Effective Date of not less than $355,000 (the “Base Salary”) or, in the event that Executive is employed
for any portion thereof, a pro rata amount of the Base Salary. The Base Salary shall be reviewed at least annually by the
Governing Authority and the Governing Authority may, but shall not be required to, increase the Base Salary during the Employment Period.
The Base Salary shall be paid in arrears in substantially equal installments at monthly or more frequent intervals, in accordance
with the normal payroll practices of the Company.

 

    2

     

    

 

(b) Bonuses.
During the Employment Period, Executive shall be eligible to receive an annual cash performance-based bonus award (the “Annual
Bonus”) in respect of each fiscal year or portion thereof (the “Annual Bonus Period”) during the
Employment Period. The target Annual Bonus opportunity for each such Annual Bonus Period (the “Target Annual Bonus”)
shall be an amount equal to fifty percent (50%) of Executive’s then current Base Salary, with the actual Annual Bonus payable
being based upon the level of achievement of the Company and/or individual performance objectives for such Annual Bonus Period,
as established by the Governing Authority. Achievement of the Company and/or individual performance objectives shall be determined
by the Governing Authority (or a designated committee), in its reasonable discretion, by no later than the last day of February
following the applicable Annual Bonus Period. The Annual Bonus shall be paid, if at all, by no later than the fifteenth (15th)
day of March following the applicable Annual Bonus Period with respect to which the performance goals are measured.

 

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

 

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

 

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

 

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

 

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

 

4. Termination;
Effects of Termination.

 

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

 

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

 

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

 

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

 

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

 

(v) Automatically
upon Executive’s death.

 

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

 

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

 

    4

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

(e) Payments
upon Termination.

 

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

 

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

 

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

 

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5. Business
Protection Covenants.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    11

     

    

 

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

 

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

 

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

 

    12

     

    

 

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

 

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

 

If
to the Company:

 

3
West Paces Ferry Road, Suite 200

Atlanta,
Georgia 30305

Attention:
Tim Murphy, CFO

tmurphy@repay.com

 

If
to Executive:

 

3
West Paces Ferry Road

Suite 200

Atlanta, GA 30305

Facsimile Number: (404) 504-7471

E-mail:  jmorris@repay.com

 

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

 

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

 

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

 

    13

     

    

 

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

 

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

 

16. Entire
Agreement. This Agreement constitutes the entire agreement
between the parties hereto with respect to the subject matter hereof and related transactions contemplated hereby, and supersedes
all prior oral or written agreements, commitments or understandings with respect to the matters provided for herein, including,
for the avoidance of doubt, the Prior Agreement, the Confidentiality, Non-Competition and Non-Solicitation Agreement, dated September
25, 2013, among Repay Holdings, LLC, M&A Ventures, LLC d/b/a “Realtime Electronic Payments” or “REPAY”
and Fred V. Alias, FVA Equities, Inc., John A. Morris, JAM Family Investments, Inc., Shaler V. Alias, Alias Cash Grocery, Inc.,
Andrew W. Alias, and AWA Holdings, Inc. and Appendix A to any or all of the Membership Unit Award Agreements entered into by and
between Hawk and Executive, and no payments or benefits are due to Executive under such other agreements. For the avoidance of
doubt, the obligations of Executive contained in Section 5 hereof shall be in addition to, and not in lieu of, the obligations
of Executive under the Company Support Agreement entered into by Executive and dated as of the date hereof.

 

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

 

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

 

[Signature
page follows]

 

    14

     

    

 

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

 

	 	THE
    COMPANY:
	 	 
	 	M
    & A VENTURES, LLC
	 	 	 
	 	By:	/s/
    Tim Murphy
	 	 	Tim Murphy
	 	 	Chief Financial
    Officer
	 	 	 
	 	EXECUTIVE:
	 	 	 
	 	/s/ John A. Morris
	 	John A. Morris

 

 

[Signature
Page to Employment Agreement] 

     

     

    

 

Exhibit
A

 

[See
attached.]

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