Document:

Exhibit
10.35

 

INSTRUCTIONS
FOR LETTER OF TRANSMITTAL

FOR SECURITY HOLDERS (“HOLDERS”)

OF HAWK PARENT HOLDINGS LLC (THE “COMPANY”)

 

		1.	Delivery
                                         of Letter of Transmittal and Exhibits. The Letter of Transmittal, together with
                                         the exhibits attached hereto (the “Transmittal Documents”),
                                         properly completed and duly executed, should be delivered to the Company’s paying
                                         and exchange agent, Continental Stock Transfer & Trust Company (in such capacity,
                                         the “Paying and Exchange Agent”), at the address below in the
                                         envelope enclosed for your convenience. If the space provided on the Letter of Transmittal
                                         is inadequate, the applicable information should be listed on a separate schedule to
                                         be attached thereto.

 

THE
OUTSTANDING EQUITY INTERESTS OF THE COMPANY (COLLECTIVELY, THE “COMPANY UNITS”) ARE NOT CERTIFICATED AND ARE ONLY
RECORDED ON THE BOOKS AND RECORDS OF THE COMPANY. ACCORDINGLY, BY YOUR EXECUTION AND RETURN OF THE LETTER OF TRANSMITTAL, YOU
ARE AUTHORIZING THE SURRENDER OF YOUR COMPANY UNITS IN EXCHANGE FOR YOUR ALLOCABLE PORTION OF THE MERGER CONSIDERATION AND AUTHORIZING
THE CANCELLATION OF YOUR COMPANY UNITS ON THE BOOKS AND RECORDS OF THE COMPANY.

 

THE
METHOD OF DELIVERY OF ALL TRANSMITTAL DOCUMENTS IS AT THE ELECTION AND RISK OF THE HOLDER, BUT IF SENT BY MAIL, IT IS RECOMMENDED
THAT THEY BE SENT BY REGISTERED MAIL WITH RETURN RECEIPT REQUESTED. DELIVERY OF THE DOCUMENTS WILL BE EFFECTIVE, AND TITLE WITH
RESPECT TO THE COMPANY UNITS SHALL PASS, ONLY WHEN THE MATERIALS ARE ACTUALLY RECEIVED BY THE EXCHANGE AGENT AT THE ADDRESS BELOW.

 

		2.	Signatures.

 

		a.	If,
                                         with respect to any surrendered Company Units, the Letter of Transmittal is signed by
                                         a person other than the registered owner of the Company Units or its duly authorized
                                         representative (as confirmed by proper evidence satisfactory to the Company and Thunder
                                         Bridge Acquisition, Ltd., a Cayman Islands exempted company (together with its successors,
                                         “Parent”), such signatures must be guaranteed by a financial
                                         institution that is a member of a Securities Transfer Association approved medallion
                                         program such as STAMP, SEMP or MSP (an “Eligible Institution”).

 

		b.	If
                                         the Letter of Transmittal or any instrument of transfer or other exhibit to the Letter
                                         of Transmittal is signed by trustees, executors, administrators, guardians, attorney-in-fact,
                                         officers of corporations or other entities or others, acting in a fiduciary or representative
                                         capacity, such persons should so indicate when signing and proper evidence, satisfactory
                                         to the Company and Parent, of their authority to do so must be submitted.

 

		3.	Form
                                         W-8/W-9; Certificate of Non-Foreign Status. If you are a U.S. person, please
                                         enter your social security or employer identification number, and complete, sign and
                                         date the attached Internal Revenue Service (“IRS”) Form W-9
                                         and the applicable attached Certificate of Non-Foreign Status. If you are a non-U.S.
                                         person, you must provide a properly completed and executed IRS Form W-8BEN (attached)
                                         or other Form W-8, which you can obtain from the IRS website at www.irs.gov.

 

		4.	Additional
                                         Copies. Additional copies of the Letter of Transmittal may be obtained from the
                                         Company at the address listed below.

 

All
questions as to the validity, form and eligibility of any surrender of Company Units will be determined by the Company and Parent,
and such determination shall be final and binding on each Holder. The Company and Parent reserve the right to together waive any
irregularities or defects in the same. A surrender will not be deemed to have been made until all irregularities have been cured
or waived. Neither the Company nor Parent is under any obligation to waive or to provide any notification of any irregularities
or defects in the surrender of any Company Units, nor shall the Company or Parent be liable for any failure to give such notification.

 

All
documentation and requests should be sent to the Paying and Exchange Agent at the following address:

 

Continental
Stock Transfer & Trust Company

1 State Street Plaza, 30th Floor

New York, NY 10004

 

Attn:
[_______________]

Facsimile No.: [______________]

Telephone No.: [______________]

Email: [_____________]

  

     

     

    

 

Method
of delivery of the documents is at the option and risk of the Holder. See Instruction 1.

 

All
Holders, please mail or deliver each of the following:

 

		☐	An
                                         original of this Letter of Transmittal, completed and duly executed by Holder.

 

		☐	If
                                         you are a U.S. person, a completed and executed IRS Form W-9 and the applicable Certificate
                                         of Non-Foreign Status, the forms of which are attached as Exhibit A-1 and A-2.
                                         If you are a non-U.S. a person, a completed and executed IRS Form W-8BEN the form of
                                         which is attached as Exhibit A-3 (or other applicable Form W-8).

 

		☐	If
                                         required, as described in the instructions, an original instrument of transfer, duly
                                         executed by Holder, the form of which is attached as Exhibit B.

 

Please
return all documents to the Company using the address set forth in the instructions.

 

     

     

    

 

LETTER
OF TRANSMITTAL

  

To
Exchange Equity Interests of Hawk Parent Holdings LLC for Class A Units of Hawk Parent Holdings LLC and Cash Consideration Pursuant
to the Merger of Hawk Parent Holdings LLC and TB Acquisition Merger Sub LLC

  

This
letter of transmittal (this “Letter of Transmittal”) is being furnished in connection with the merger
of TB Acquisition Merger Sub LLC, a Delaware limited liability company (“Merger Sub”) and a wholly-owned
subsidiary of Thunder Bridge Acquisition Ltd., a Cayman Islands exempted company (including any successor entity thereto, including
upon the Domestication (as defined below), “Parent”), with and into Hawk Parent Holdings LLC, a Delaware
limited liability company (the “Company”), pursuant to the Agreement and Plan of Merger, dated as of
January 21, 2019 (as amended, the “Merger Agreement”), by and among Parent, Merger Sub, the Company
and solely in its capacity thereunder as the Company Securityholder Representative, CC Payment Holdings, L.L.C., a Delaware limited
liability company (the “Company Securityholder Representative”). Pursuant to the Merger Agreement, and
subject to the terms and conditions set forth therein, (a) Parent will domesticate into a Delaware corporation in accordance with
the applicable provisions of the Companies Law (2018 Revision) of the Cayman Islands, as amended, and the Delaware General Corporate
Law, as amended (the “Domestication”), and (ii) Merger Sub will merge with and into the Company, with
the Company continuing as the surviving limited liability company (the “Merger” and, collectively with
the other transactions contemplated by the Merger Agreement, the “Transactions”) and a subsidiary of
Parent, all upon the terms and subject to the conditions set forth in the Merger Agreement and in accordance with the applicable
provisions of the Delaware Limited Liability Company Act. Any capitalized term used but not defined in this Letter of Transmittal
will have the meaning ascribed to such term in the Merger Agreement.

  

The
undersigned holder (“Holder”) of units representing limited liability company and other equity interests
in the Company, including the Company Profits Units and the Company’s Preferred Units (as defined in the Company LLC Agreement)
(the “Company Units”), understands that this Letter of Transmittal is being delivered to the Company’s
paying and exchange agent, Continental Stock Transfer & Trust Company (in such capacity, the “Paying and Exchange
Agent”) for the benefit of Parent and the Company and in connection with, and as a condition to the consummation
of the Transactions, and that the Company and Parent are consummating the Transactions in reliance upon the representations, warranties,
covenants and agreements of Holder set forth in this Letter of Transmittal.

  

IN
ADDITION, HOLDER HAS READ, UNDERSTANDS AND AGREES TO ALL OF THE TERMS AND CONDITIONS SET FORTH IN THE MERGER AGREEMENT, THE TRANSACTION
DOCUMENTS, THE MATERIALS ACCOMPANYING THIS LETTER OF TRANSMITTAL AND THE ACCOMPANYING INSTRUCTIONS BEFORE COMPLETING ANY OF THE
INFORMATION BELOW.

  

Please
read carefully this entire Letter of Transmittal and the accompanying instructions before completing any of the boxes below.

  

1. Representations
and Warranties of Holder. Holder hereby represents, warrants and covenants to the Company and Parent as follows as of the
date of this Letter of Transmittal and as of the Effective Time:

  

(a) Ownership
of Securities. Holder has beneficial ownership over, is the lawful owner of, and has good and valid title to, the number,
type, class and series of the Company Units set forth in Schedule 1 below (the “Holder Units”),
free and clear of any and all pledges, mortgages, encumbrances, charges, proxies, voting agreements, liens, adverse claims, options,
security interests and demands of any nature or kind whatsoever (other than those imposed by applicable securities laws, the Company’s
articles of formation or operating agreement or the grant agreements by which any Company Units were issued, each as in effect
on the date hereof.

 

(b) Binding
Agreement. Holder has all requisite power, authority and legal capacity to execute and deliver this Letter of Transmittal
and the other Transmittal Documents, and to surrender and deliver the Company Units. This Letter of Transmittal and each other
Transmittal Document constitutes a legal, valid and binding obligation of Holder, enforceable against Holder in accordance with
its terms (except as such enforceability may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium
and other similar laws of general applicability relating to or affecting creditor’s rights, and to general equitable principles).

  

    2

     

    

 

(c) No
Conflicts. No filing with, or notification to, any governmental authority, and no consent, approval, authorization or permit
of any other person or entity is necessary for the execution or delivery of this Letter of Transmittal or any other Transmittal
Document by Holder or in order for Holder to validly surrender and deliver the Holder Units. None of the execution and delivery
of this Letter of Transmittal or any other Transmittal Document by Holder or the valid surrender and delivery of the Holder Units
by Holder will (i) conflict with or result in any breach of the organizational documents of Holder, if applicable, (ii) result
in, or give rise to, a violation or breach of or a default under any of the terms of any contract or obligation to which Holder
is a party or by which Holder or the Holder Units or its other assets may be bound, or (iii) violate any applicable law or order,
except for any of the foregoing in clauses (i) through (iii) as would not reasonably be expected to impair in any material respect
Holder’s ability to perform its obligations under this Letter of Transmittal or the other Transmittal Documents.

 

2. Escrow.
Holder acknowledges and agrees that Pursuant to Section 2.2(a)(iii) of the Merger Agreement, at the consummation of the Transactions
(the “Closing”), (a) 60,000 Surviving Company Membership Units (together with any equity securities
paid as distributions with respect to such equity securities or into which such securities are exchanged or converted, the “Adjustment
Escrow Units”) will be deducted from the equity merger consideration issuable to the equity holders of the Company
at the Closing and will be set aside in escrow, together with any dividends, distributions or other income thereon, and held by
Continental Stock Transfer & Trust Company, as escrow agent (in such capacity, the “Escrow Agent”),
in accordance with the terms of the Escrow Agreement to be entered into between Parent, the Company Securityholder Representative
and the Escrow Agent (the “Escrow Agreement”) to be used, along with any interest, dividends, gains
and other income paid on or otherwise accruing on the Adjustment Escrow Units, as the sole source of remedy for the benefit of
Parent for post-closing merger consideration adjustments under Section 2.5 of the Merger Agreement, (b), if at such time there
has not if there has not been either (i) a binding agreement between the Company and the applicable counterparties under the Unit
Purchase Agreement, dated as of July 22, 2016, by and among Hawk Buyer Holdings LLC, Repay Holdings, LLC, NCP Payment Systems,
LLC and the persons listed on Annex A thereto (the “NCP Agreement”) or (ii) a final and binding determination
as to whether there is a payment required to be made in satisfaction of the Earn-Out Payment Amount (as defined in the NCP Agreement)
as determined based on the Final Earn-Out Revenue Amount (as defined in the NCP Agreement) in accordance with the terms of the
NCP Agreement, then $14,048,595 (the “NCP Contingent Payment Escrow Amount”) will be deducted from the
cash merger consideration payable to the equity holders of the company at the Closing and will be set aside in escrow, together
with any dividends, distributions or other income thereon, and held by the Escrow Agent in accordance with the terms of the Escrow
Agreement to be used to satisfy the remaining earn-out payments under the NCP Agreement, and with any remaining amounts to be
distributed to the Company equity holders, and (c) $150,000 (the “Additional Escrow Amount”) will be
deducted from the cash merger consideration payable to the equity holders of the company at the Closing and will be set aside
in escrow, together with any dividends, distributions or other income thereon, and held by the Escrow Agent in accordance with
the terms of the Escrow Agreement to be used to satisfy certain indemnification obligations Section 6.2(h) of the Merger Agreement,
and with any remaining amounts to be distributed to the Company equity holders, with any obligations with respect to the Adjustment
Escrow Units, the NCP Contingent Payment Escrow Amount and the Additional Escrow Amount being borne by the Company equity holders
pro rata based on their equity interests in the Company as of the Closing.

  

3. Disposition
of Company Units. Pursuant to the Merger Agreement, Holder hereby surrenders and delivers Holder’s Company Units in
exchange for Holder’s pro rata share of the Merger Consideration, subject to the terms and conditions of the Merger Agreement
and the Escrow Agreement. Holder hereby authorizes and instructs Parent to prepare in the name of and deliver to the address indicated
below book-entry shares representing the portion of the Equity Consideration due to Holder as a result of the Transactions.

  

    3

     

    

 

4. Appointment
of Company Securityholder Representative to Act on Holder’s Behalf.

 

(a) By
the execution and delivery of this Letter of Transmittal, Holder on behalf of itself and its successors and assigns, hereby agrees
to the provisions of Section 1.7 of the Merger Agreement and irrevocably appoints the Company Securityholder Representative as
the representative, attorney-in-fact and agent of Holder in connection with the Transactions and in any litigation or arbitration
involving the Merger Agreement or the Transaction Documents. In connection therewith, the Company Securityholder Representative
is authorized to do or refrain from doing all further acts and things, and to execute all such documents as the Company Securityholder
Representative shall deem necessary or appropriate, and shall have the power and authority to, in each case, in the name and on
behalf of Holder (in each case, to the extent of Holder’s capacity as such and, for clarity, not with respect to any employment
or similar matters): (i) act for Holder with regard to all matters pertaining to the Merger Agreement and the Transaction Documents;
(ii) act for the Holder to transact matters of litigation or arbitration with regard to all matters pertaining to the Merger Agreement
and the Transaction Documents; (iii) execute and deliver all amendments, waivers, ancillary agreements, certificates and documents
that the Company Securityholder Representative deems necessary or appropriate in connection with the consummation of the Transactions,
including, without limitation, the Surviving Company Certificate of Formation, the Surviving Company Amended and Restated Limited
Liability Company Agreement, the Exchange Agreement, the Tax Receivable Agreement, the Registration Rights Agreement and the Stockholders
Agreement; (iv) receive funds, make payments of funds and give receipts for funds; (v) do or refrain from doing, on behalf of
Holder, any further act or deed that the Company Securityholder Representative deems necessary or appropriate in the Company Securityholder
Representative’s discretion relating to the subject matter of the Merger Agreement and the Transaction Documents, in each
case as fully and completely as Holder could do if personally present; (vi) give and receive all notices required to be given
or received by Holder under the Merger Agreement and the Transaction Documents; (vii) give any written direction to the Escrow
Agent or the Paying Agent or Exchange Agent on behalf of Holder; (viii) agree to, negotiate and/or comply with the determination
of the Final Closing Adjustment Statement and the Final Closing Adjustment pursuant to Section 2.5 of the Merger Agreement, and
any determinations of whether the Earn Out Units are earned pursuant to Section 2.6 of the Merger Agreement; and (ix) receive
service of process in connection with any claims under the Merger Agreement and the Transaction Documents.

  

(b) Holder
acknowledges and agrees that the Company Securityholder Representative Expense Amount will be deducted from the Merger Consideration
otherwise deliverable to the Company Equity Holders, and will be held by the Company Securityholder Representative to reimburse
the Company Secuityholder Representative for its reasonable out-of-pocket expenses incurred in the performance of its duties (including
the reasonable fees and expenses of counsel) under the Merger Agreement, and Holder will bear its pro rata portion of such expenses
through the Company Securityholder Representative Expense Amount. Holder acknowledges and agrees that the Company Securityholder
Representative shall not be liable for any liabilities, losses, claims, damages, costs or expenses (including legal expenses and
costs) while acting in good faith and in the exercise of its reasonable judgment and arising out of or in connection with the
acceptance or administration of its duties under the Merger Agreement.

  

(c) Holder
acknowledges and agrees that: (i) the provisions of Section 1.7 of the Merger Agreement and this Section 4 are independent and
severable, are irrevocable and coupled with an interest and shall be enforceable notwithstanding any rights or remedies that Holder
may have in connection with the Transactions; and (ii) Section 1.7 of the Merger Agreement and this Section 4 shall be binding
upon the executors, heirs, legal representatives, personal representatives, successor trustees, assignees and successors of Holder,
and any references in this Letter of Transmittal to Holder shall mean and include the successors to the rights of Holder hereunder,
whether pursuant to testamentary disposition, the Laws of descent and distribution or otherwise.

  

5. No
Recourse. Except with respect to (x) Fraud Claims or (y) those covenants and agreements contained in the Merger Agreement
or in any Transaction Document that by their terms are to be performed in whole or in part after the Closing (or representations
and warranties made after the Closing in a Transaction Document) (the “Excluded Matters”), Holder hereby
covenants, agrees and acknowledges that, effective immediately following the Closing, no Persons other than the Surviving Pubco
and the Surviving Company shall have any liabilities, obligations, commitments (whether known or unknown or whether contingent
or otherwise) under the Merger Agreement or any Transaction Document, and that, notwithstanding that the Parent Sponsor, the Company
Sponsor, or their respective managers, members or general partners may be partnerships or limited liability companies, Holder
has no right of recovery under the Merger Agreement or any Transaction Document, or any claim based on such liabilities, obligations,
commitments against, and no personal liability shall attach to, the former, current or future equity holders, controlling Persons,
directors, officers, employees, agents, Affiliates, members, managers or general or limited partners of any of the Surviving Pubco
or the Surviving Company or any former, current or future stockholder, controlling Person, director, officer, employee, general
or limited partner, member, manager, Affiliate or agent of any of the foregoing (collectively, but not including the Parent or
Merger Sub, a “Non-Recourse Party”), through the Surviving Pubco or the Surviving Company or otherwise,
whether by or through attempted piercing of the corporate veil, by or through a claim by or on behalf of the Surviving Pubco or
the Surviving Company (or their respective successors) against any Non-Recourse Party, by the enforcement of any assessment or
by any legal or equitable proceeding, by virtue of any statute, regulation or Law, or otherwise. Without limiting the foregoing,
other than with respect to any Excluded Matters, Holder acknowledges and agrees that no claim will be brought or maintained by
Holder or any of its former, current or future general or limited partners, stockholders, direct or indirect equity holders, controlling
Persons, managers, members, directors, officers, employees, Affiliates, affiliated (or commonly advised) funds, representatives,
agents or any of their respective assignees or successors or any former, current or future general or limited partner, stockholder,
direct or indirect equity holder, equity financing source, controlling Person, manager, member, director, officer, employee, Affiliate,
affiliated (or commonly advised) fund, representative, agent, assignee or successor of any of the foregoing against any Non-Recourse
Party that is not otherwise expressly identified as a party to the Merger Agreement, and no recourse will be brought or granted
against any of them, by virtue of or based upon any alleged misrepresentation or inaccuracy in or breach or nonperformance of
any of the representations, warranties, covenants or agreements of any party to the Merger Agreement set forth or contained in
therein, any exhibit or schedule thereto, any other document contemplated thereby or any certificate, opinion, agreement or other
document of the Company or any other Person delivered thereunder.

 

{remainder
of page intentionally left blank; signature page follows}

  

    4

     

    

 

IMPORTANT
— HOLDERS SIGN HERE

  

(Must
be signed by registered Holder(s) exactly as name(s) appear(s) on the Company’s books and records and/or on a security position
listing or by person(s) authorized to become registered holder(s) as evidenced by documents transmitted herewith. If signature
is by trustees, executors, administrators, guardians, attorneys-in-fact, officers of corporations or others acting in a fiduciary
or representative capacity, please set forth full title and see Instruction 2.)

  

Method
of delivery of the Transmittal Documents is at the option and risk of the Holder. See Instruction 1.

  

Print
Name of Holder: _______________________________________________________________________________

 

Signature(s): _____________________________________________________________________________________

 

Print
Name of Signatory (if signing on behalf of an entity Holder): _____________________________________________

 

Title
(if signing on behalf of an entity Holder): ____________________________________________________________

 

Mailing
Address: __________________________________________________________________________________

 

_________________________________________________________________________________________________

 

_________________________________________________________________________________________________

 

_________________________________________________________________________________________________

 

Area
Code and Telephone Number: ____________________________________________________________________

 

Email
Address: ___________________________________________________________________________

 

Dated:
____________________, 2019

 

Payment
Instructions for Cash Consideration:

 

	☐  Check (unless otherwise specified below, the check will be sent to the mailing address
provided above)	 	☐  Wire Payment
	 	 	 
	Alternative Mailing Address:	 	Bank Name: _________________________________________
	 	 	 
	___________________________________________	 	Bank Address: _______________________________________
	___________________________________________	 	 
	___________________________________________	 	___________________________________________________
	___________________________________________	 	 
	 	 	ABA #: ____________________________________________
	 	 	 
	 	 	Account #: _________________________________________
	 	 	 
	 	 	Account Name: ______________________________________
	 	 	 
	 	 	Swift Code: _________________________________________
	 	 	 
	 	 	Reference: __________________________________________

 

    5

     

    

 

GUARANTEE
OF SIGNATURE(S)

(See
Instruction 2)

Complete
ONLY if required by Instruction 2.

 

FOR
USE BY ELIGIBLE INSTITUTION ONLY.

 

PLACE
MEDALLION GUARANTEE IN SPACE BELOW.

  

	Firm:	 	 
	 	 	 
	By:	 	 
	 	 	 
	Title:	 	 
	 	 	 
	Date:	 	 
	 	 	 
	Address 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

    6

     

    

  

Schedule 1

 

Holder Units

  

	Names(s) and Address(es) of Registered Owner(s)

(Please fill in, if blank, exactly as name(s) appear(s) on

 the records of the Company)	 	Company Units

(Attach additional list if necessary)
	
         

         

         
	 	
        Number and Class, Type or Series of
        Company Units

         

        ______________________________________________

          

        ______________________________________________

          

        ______________________________________________

  

    7

     

    

 

IMPORTANT
TAX INFORMATION

 

Backup
Withholding

 

U.S.
federal income tax law generally requires that if your Company Units are accepted for payment, you or your assignee (in either
case, the “Payee”), if such Payee is a U.S. person, must provide the Paying and Exchange Agent (the “Payor”)
with the Payee’s correct Taxpayer Identification Number (“TIN”), which, in the case of a Payee who is
an individual, is the Payee’s social security number. A “U.S. person” is an individual who is a U.S. citizen
or U.S. resident alien, a partnership, corporation, company or association created or organized in the United States or under
the laws of the United States, or any political subdivision thereof, an estate (other than a foreign estate) or a domestic trust
(as defined in Treasury Regulations Section 301.7701-7).

 

If
the Payor is not provided with the correct TIN or an adequate basis for an exemption, the Payee may be subject to a $50 penalty
imposed by the Internal Revenue Service (“IRS”) and backup withholding (currently at a rate of 24%) of the
gross proceeds received pursuant to the Merger. Backup withholding is not an additional tax. Rather, the tax liability of a person
subject to backup withholding will be reduced by the amount withheld provided that the required information is timely furnished
to the IRS. If withholding results in an overpayment of taxes, a refund may be obtained provided that the required information
is timely furnished to the IRS.

 

To
prevent backup withholding, each Payee must provide such Payee’s correct TIN by completing the IRS Form W-9 attached hereto,
certifying that (a) the TIN provided is correct, (b) (i) the Payee is exempt from backup withholding, (ii) the Payee has not been
notified by the IRS that such Payee is subject to backup withholding as a result of a failure to report all interest or dividends,
or (iii) the IRS has notified the Payee that such Payee is no longer subject to backup withholding, and (c) the Payee is a U.S.
person (including a U.S. resident alien).

 

If
the Payee is a U.S. person but does not have a TIN, such Payee should consult the enclosed Instructions for IRS Form W-9 for instructions
on applying for a TIN and apply for and receive a TIN prior to submitting the IRS Form W-9. If the Payee is a U.S. person and
does not provide such Payee’s TIN to the Payor by the time of payment, backup withholding may apply.

 

If
the Company Units are held in more than one name or not in the name of the actual owner, consult the W-9 Specific Instructions
for information on which TIN to report.

 

Certain
Payees (including, among others, all corporations and certain foreign individuals) are not subject to these backup withholding
and reporting requirements. To prevent possible erroneous backup withholding, exempt Payees should furnish their TIN and complete
the “Exemptions” portion of the IRS Form W-9. See the Instructions for IRS Form W-9 for additional instructions. In
order for a non-U.S. Payee to qualify as exempt, such person must submit a properly completed the enclosed IRS Form W-8BEN or
other appropriate and properly completed Form W-8 signed under penalties of perjury attesting to such exempt status. Such forms
may be obtained from the Paying Agent or the IRS at its website: www.irs.gov.

 

Other
Withholding

 

Under
U.S. federal income tax law, withholding may be required in an amount equal to ten percent of the “amount realized”
as that term is defined for U.S. federal income tax purposes on the surrender of Company Units herewith, unless the holder provides
an affidavit, signed under penalty of perjury, stating the holder’s TIN and that the holder is not a foreign person for
U.S. federal income tax purposes. To prevent such withholding, a holder that is a U.S. person must, under penalty of perjury,
complete the attached Certificate of Non-Foreign Status (for either an individual or entity as applicable). If the holder is an
entity which is an entity disregarded as separate from its owner for U.S. federal income tax purposes, the owner of such entity
should complete the applicable Certificate of Non-Foreign Status. If withholding results in an overpayment of taxes, a refund
from the IRS may be obtained.

 

Failure
to complete the information requested on the attached Certificate of Non-Foreign Status may result in withholding on any payment
made to you. If you are not a U.S. person for U.S. federal income tax purposes, you are not able to complete the attached Certificate
of Non-Foreign Status.

 

The
description contained herein is for informational purposes only. Please contact your tax advisor regarding the U.S. federal, state,
local, and other tax consequences of the Merger and any withholding and reporting rules that may apply. 

  

    8

     

    

 

Exhibit
A-1

 

IRS
Form W-9

  

 

TO
BE COMPLETED BY ALL U.S. HOLDERS

 

(See
Instruction 3)

 

[Complete
attached Form W-9]

  

    9

     

    

 

Exhibit
A-2

 

Certificate
of Non-Foreign Status

 

TO
BE COMPLETED BY ALL U.S. HOLDERS

 

(See
Instruction 3)

  

[Complete
attached form]

  

    10

     

    

 

Exhibit
A-2

 

CERTIFICATE
OF NON-FOREIGN STATUS 

 

Section
1445 of the Internal Revenue Code of 1986, as amended (the “Code”), provides that a transferee of a U.S. real
property interest must withhold tax if the transferor is a foreign person. In addition, Section 1446(f) of the Code provides that
a transferee of an interest in a partnership (or other entity treated as a partnership for U.S. federal income tax purposes) must
withhold tax if any portion of any gain on the disposition of that partnership interest would be treated as effectively connected
income under Section 864(c)(8) of the Code and if the transferor is a foreign person. For U.S. tax purposes (including Section
1446(f) of the Code), the owner of a disregarded entity (which has legal title to an interest in a partnership under local law)
will be the transferor and not the disregarded entity. To inform the transferee that withholding of tax is not required in connection
with the sale of limited liability company interests in Hawk Parent Holdings LLC (the “Company”) by [ ] (“Holder”),
pursuant to the Agreement and Plan of Merger, dated as of January [ ], 2019, the undersigned hereby certifies the following on
behalf of Holder:

 

a. Holder
is not a [nonresident alien] / [foreign corporation, foreign partnership, foreign trust, or foreign estate] (as such term[s] [is]
/ [are] defined in the Code and the Income Tax Regulations);

 

b. Holder
is not a disregarded entity as defined in Treasury Regulation Section 1.1445-2(b)(2)(iii);

 

c. Holder’s
[taxpayer identification number] / [U.S. employer identification number] is [ ]; and

 

d. Holder’s
[home] / [office] address is [ ].

  

Holder
understands that this certification may be disclosed to the Internal Revenue Service by transferee and that any false statement
contained herein could be punished by fine, imprisonment or both.

  

Under
penalties of perjury, I declare that I have examined this certification and to the best of my knowledge and belief it is true,
correct, and complete[, and I further declare that I have authority to sign this document on behalf of Holder].

   

	[Date]	By:	 
	 	Name: 	 
	 	Title:	 

  

    11

     

    

 

Exhibit
A-3

 

Form
W-8BEN

 

 

FORM
W-8BEN (OR OTHER APPLICABLE FORM W-8) TO BE COMPLETED BY ALL NON-U.S. HOLDERS

 

(See
Instruction 3)

  

[Complete
attached Form W-8BEN]

  

    12

     

    

 

Exhibit
B

 

Form
of Instrument of Transfer

 

 

TO
BE COMPLETED BY HOLDERS OF COMPANY UNITS

WHERE THE LETTER OF TRANSMITTAL IS NOT SIGNED BY THE

REGISTERED OWNER OF THE UNIT(S)

 

(See
Instruction 2)

  

[Complete
attached Form of Instrument of Transfer]

 

    13Exhibit

Exhibit 4.1
FOURTH SUPPLEMENTAL INDENTURE
THIS FOURTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”) is dated as of February 8, 2019 and is by and among Post Holdings, Inc., a Missouri corporation (the “Company”), the Guarantors (as defined in the Indenture referred to herein) and Wells Fargo Bank, National Association, a national banking association, as trustee under the Indenture referred to below (the “Trustee”).
WITNESSETH
WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture, dated as of August 3, 2016, as amended and supplemented by the First Supplemental Indenture, dated as of March 28, 2017, the Second Supplemental Indenture, dated as of January 30, 2018, and the Third Supplemental Indenture, dated as of July 5, 2018 (together, the “Indenture”), providing for the issuance of 5.00% Senior Notes due 2026 (the “Notes”);
WHEREAS, the Company has distributed a Consent Solicitation Statement, dated as of February 4, 2019 (the “Statement”), to the Holders of the Notes in connection with the solicitation of such Holders’ consent to certain proposed amendments to the Indenture;
WHEREAS, pursuant to the Statement, the Holders of at least a majority in aggregate principal amount of the Notes outstanding as of the date hereof (excluding, for this purpose, any Notes owned by the Company or any Guarantor, or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or any Guarantor) have consented to the amendments effected by this Supplemental Indenture in accordance with the provisions of the Indenture, evidence of such consents has been provided by the Company to the Trustee, and all other conditions precedent, if any, provided for in the Indenture relating to the execution of this Supplemental Indenture have been complied with as of the date hereof; and
WHEREAS, pursuant to Section 9.02 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.
NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows:
ARTICLE I
DEFINITIONS
SECTION 1.01.    CAPITALIZED TERMS.  Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
SECTION 1.02.    DEFINITION.  When used herein, “Effective Time” shall mean the first time at which the Requisite Consents (as such term is defined in the Statement) have been received and this Supplemental Indenture has been executed by the Company, the Guarantors, and the Trustee.
ARTICLE II
AMENDMENTS TO THE INDENTURE
SECTION 2.01.    CONSENT AND AMENDMENT.  Effective at the Effective Time, and without any further action by any party hereto, the Indenture is hereby amended as follows:

(a)    Section 1.01 is amended by inserting the following new definition after the existing definition of “Lien”:
“Market Capitalization” means an amount equal to (i) the total number of issued and outstanding shares of the Company’s Common Stock that are issued and outstanding on the date of the relevant Restricted Payment and listed on The New York Stock Exchange (or, if the primary listing of such Common Stock is on another exchange, on such other exchange) multiplied by (ii) the arithmetic mean of the closing price per share of such Common Stock as reported by The New York Stock Exchange (or, if the primary listing of such Common Stock is on another exchange, on such other exchange) for each of the 30 consecutive trading days immediately preceding the date of such Restricted Payment.
(b)    The definition of “Permitted Investments” in Section 1.01 is amended by deleting the word “and” at the end of clause (18).
(c)    The definition of “Permitted Investments” in Section 1.01 is amended by deleting the period and inserting “; and” at the end of clause (19).
(d)    The definition of “Permitted Investments” in Section 1.01 is amended by inserting the following new clause (20):
(20) other Investments in any Unrestricted Subsidiary or joint venture of the Company or of any of its Restricted Subsidiaries having an aggregate fair market value (measured on the date each such Investment was made and without giving effect to subsequent changes in value), when taken together with all other Investments made pursuant to this clause (20) that are at any time outstanding, not to exceed (a) the greater of (i) $370.0 million and (ii) 4.0% of Consolidated Total Assets plus (b) 100% of the aggregate cash dividends and distributions received by the Company or any Restricted Subsidiary from any such Investments that are at any time outstanding pursuant to this clause (20), but only to the extent the Company elects to include such dividends or distributions in this clause (20)(b), as evidenced by an Officer’s Certificate delivered to the Trustee within 10 Business Days of the date of dividend or distribution; provided that if an Investment made pursuant to this clause (20) is made in any Person that is not a Restricted Subsidiary of the Company at the date of the making of the Investment and such Person becomes a Restricted Subsidiary after such date, such Investment will thereafter be deemed to have been made pursuant to clause (1) above and shall cease to have been made pursuant to this clause (20).  
(e)    Section 4.07(a) is amended by deleting the lead-in to the second clause (3) of such Section (which begins with “such Restricted Payment, together with the aggregate...”) and replacing it with the following:
such Restricted Payment, together with the aggregate amount of all other Restricted Payments made by the Company and its Restricted Subsidiaries after February 3, 2012 (excluding Restricted Payments permitted by clause (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12), (13), (14), (15), or (16) of Section 4.07(b)), is less than the sum, without duplication, of:

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(f)    Section 4.07(a)(3)(A) is amended by deleting the words “dividends or distributions in clause (14)(b) of the definition of “Permitted Investments”” and replacing such words with the following: “dividends or distributions in clause (14)(b) or (20)(b) of the definition of “Permitted Investments””.
(g)    Section 4.07(b)(14) is amended by deleting the word “and” at the end of such Section.
(h)    Section 4.07(b)(15) is amended by inserting the word “and” at the end of such Section.
(i)    Section 4.07(b) is amended by inserting the following new clause (16):
(16)    Restricted Payments in an aggregate amount in any fiscal year not to exceed an amount equal to 4.0% of the Market Capitalization; provided, that at least one class of the Company’s Common Stock has been listed on The New York Stock Exchange (or, if the primary listing of such Common Stock is on another exchange, on such other exchange) for the 30 consecutive trading days immediately preceding the date of such Restricted Payment; 
(j)    Section 4.07(b) is amended by deleting the proviso after the numbered clauses of Section 4.07(b) and replacing it with the following:
provided that in the case of clauses (5), (13), and (16) no Default shall have occurred and be continuing.
(k)    The final paragraph of Section 4.07(b) (which begins with the words “The amount of all Restricted Payments (other than cash)...”) is amended (i) by deleting the words “in clauses (1) through (15)” and replacing such words with the following: “in clauses (1) through (16)” and (ii) by adding the following at the end of the second sentence thereof: “; provided that the Company will not be permitted to reclassify any Restricted Payment that was made prior to the Effective Time (as defined in the Fourth Supplemental Indenture to this Indenture) as being made pursuant to clause (16)”.
SECTION 2.02.    NOTICE.  The Company will give prompt written notice that the Effective Time has occurred and that the amendments have become effective. 
ARTICLE III
MISCELLANEOUS
SECTION 3.01.    EXECUTION AS SUPPLEMENTAL INDENTURE.  This Supplemental Indenture is executed and shall be construed as an indenture supplemental to the Indenture and, as provided in the Indenture, this Supplemental Indenture forms a part thereof.
SECTION 3.02.    RATIFICATION AND INCORPORATION OF INDENTURE.  As supplemented hereby, the Indenture is in all respects ratified and confirmed, and the Indenture and this Supplemental Indenture shall be read, taken and construed as one and the same instrument.
SECTION 3.03.    NO RECOURSE AGAINST OTHERS.  No past, present or future director, officer, employee, agent, manager, partner, member, incorporator, shareholder or unitholder of the Company or any Guarantor, as such, will have any liability for any obligations of the Company or the Guarantors under the Notes, this Indenture, the Subsidiary Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation.  Each Holder of Notes by accepting a Note waives and releases all such liability.  The waiver and release are part of the consideration for issuance of the Notes.

3

SECTION 3.04.    NEW YORK LAW TO GOVERN.  THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
SECTION 3.05.    SEPARABILITY.  In case any one or more of the provisions contained in this Supplemental Indenture shall for any reason be held to be invalid, illegal or unenforceable in any respect, then, to the extent permitted by law, such invalidity, illegality or unenforceability shall not affect any other provisions of this Supplemental Indenture, but this Supplemental Indenture shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein.
SECTION 3.06.    COUNTERPARTS.  The parties may sign any number of copies of this Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.  The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes.  Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.
SECTION 3.07.    EFFECT OF HEADINGS.  The Section headings herein are for convenience only and shall not affect the construction hereof.
SECTION 3.08.    THE TRUSTEE.  The Trustee makes no representation as to and shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture, or with respect to the Statement, or for or in respect of the recitals contained herein, all of which recitals are made solely by the Company and the Guarantors. All of the provisions contained in the Indenture in respect of the rights, privileges, immunities, powers, and duties of the Trustee shall be applicable in respect of this Supplemental Indenture as fully and with like force and effect as though fully set forth in full herein. 
[Signature Page Follows]

4

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as of the date first above written. 
	
			
	 
	POST HOLDINGS, INC.

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Diedre J. Gray

	 
	 
	Name: Diedre J. Gray

	 
	 
	Title:  Executive Vice President, General Counsel and Chief  
Administrative Officer, Secretary

	 
	 
	 

	 
	 
	 

	 
	DYMATIZE HOLDINGS, LLC
POST ACQUISITION SUB IV, LLC
TA/DEI-A ACQUISITION CORP. 
TA/DEI-B1 ACQUISITION CORP. 
TA/DEI-B2 ACQUISITION CORP. 
TA/DEI-B3 ACQUISITION CORP.

	 
	 
	 

	 
	By:
	/s/ Diedre J. Gray

	 
	 
	Name:  Diedre J. Gray

	 
	 
	Title:   Secretary of each above listed entity

	 
	 
	 

[SIGNATURE PAGE 1 OF 3 TO THE FOURTH SUPPLEMENTAL INDENTURE (2026 NOTES INDENTURE)]

	
			
	 
	BEF FOODS, INC.
BEF MANAGEMENT, INC.
BEF RESTAURANT SERVICES LLC
BE PARTNER LLC
BOB EVANS EXPRESS, LLC
BOB EVANS FARMS, INC.
BOB EVANS FARMS, LLC
BOB EVANS HOLDING, INC.
BOB EVANS TRANSPORTATION COMPANY, LLC
CASA TRUCKING, INC.
CRYSTAL FARMS DAIRY COMPANY
DYMATIZE ENTERPRISES, LLC
IMPACT REAL PROPERTIES, LLC
KETTLE CREATIONS, LLC 
MCAFE HOLDING, LLC
M.G. WALDBAUM COMPANY
MFI HOLDING CORPORATION
MFI INTERNATIONAL, INC. 
MICHAEL FOODS GROUP, INC. 
MICHAEL FOODS OF DELAWARE, INC. 
MICHAEL FOODS, INC. 
MOM BRANDS COMPANY, LLC
MOM BRANDS SALES, LLC 
NATIONAL PASTEURIZED EGGS, INC.
NATIONAL PASTEURIZED EGGS, LLC
NORTHERN STAR CO. 
PAPETTI’S HYGRADE EGG PRODUCTS, INC. 
PCB BATTLE CREEK, LLC
PHI CANADA HOLDING CORP.
PINELAND FARMS POTATO COMPANY, INC.
POST CONSUMER BRANDS, LLC 
POST FOODS, LLC
PREMIER NUTRITION CORPORATION
SUPREME PROTEIN, LLC
WEETABIX COMPANY, LLC

	 
	 
	 

	 
	By:
	/s/ Diedre J. Gray

	 
	 
	Name: Diedre J. Gray

	 
	 
	Title:   Assistant Secretary of each above-listed entity

[SIGNATURE PAGE 2 OF 3 TO THE FOURTH SUPPLEMENTAL INDENTURE (2026 NOTES INDENTURE)]

	
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, 
as Trustee

	 
	 
	 

	By:
	/s/ Gregory S. Clarke
	 

	 
	Name:  Gregory S. Clarke
	 

	 
	Title:    Vice President
	 

[SIGNATURE PAGE 3 OF 3 TO THE FOURTH SUPPLEMENTAL INDENTURE (2026 NOTES INDENTURE)]

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