Document:

Exhibit 10.33

 

FORM OF

 

FOUNDER STOCKHOLDERS AGREEMENT

 

DATED AS OF [●], 2019

 

AMONG

 

REPAY HOLDINGS CORPORATION

 

AND

 

THE FOUNDERS PARTY HERETO

 

     

     

    

 

Table of Contents

 

	 	 	Page
	 	 	 
	ARTICLE I. INTRODUCTORY MATTERS	1
	 	 	 
	1.1	Defined Terms	1
	1.2	Construction	5
	 	 	 
	ARTICLE II. CORPORATE GOVERNANCE MATTERS	5
	 	 	 
	2.1	Election of Directors	5
	2.2	Compensation	7
	2.3	Other Rights of Founder Designees	8
	 	 	 
	ARTICLE III. INFORMATION	8
	 	 	 
	3.1	Books and Records; Access	8
	3.2	Certain Reports	8
	3.3	Confidentiality	9
	3.4	Information Sharing	9
	 	 	 
	ARTICLE IV. ADDITIONAL COVENANTS	9
	 	 	 
	4.1	Pledges	9
	4.2	Spin-Offs or Split-Offs	9
	 	 	 
	ARTICLE V. GENERAL PROVISIONS	10
	 	 	 
	5.1	Termination	10
	5.2	Notices	10
	5.3	Amendment; Waiver	10
	5.4	Further Assurances	11
	5.5	Assignment	11
	5.6	Third Parties	11
	5.7	Governing Law	11
	5.8	Jurisdiction; Waiver of Jury Trial	11
	5.9	Specific Performance	11
	5.10	Entire Agreement	12
	5.11	Severability	12
	5.12	Table of Contents, Headings and Captions	12
	5.13	Counterparts	12
	5.14	No Recourse	12

 

    i

     

    

 

FOUNDER STOCKHOLDERS AGREEMENT

 

This Founder Stockholders
Agreement is entered into as of [●], 2019 by and among Repay Holdings Corporation, a Delaware corporation and the successor
to Parent (as defined below) (together with Parent to the extent applicable, the “Company”), John A. Morris
(“Morris”), Shaler V. Alias (“Alias) and each of the other parties from time to time party hereto
(each, including Morris and Alias, a “Stockholder” and collectively, the “Stockholders”).
Morris and Alias are sometimes referred to herein, individually, as a “Founder” and, collectively, as the “Founders.”

 

RECITALS:

 

WHEREAS, Thunder Bridge
Acquisition Ltd., a Cayman Islands exempted company (“Parent”), TB Acquisition Merger Sub LLC, a Delaware limited
liability company and wholly-owned subsidiary of Parent (“Merger Sub”), Hawk Parent Holdings LLC, a Delaware
limited liability company (together with the successor thereto upon the consummation of the Merger (as defined below), “Opco”)
and, solely in its capacity as the Company Securityholder Representative thereunder, CC Payment Holdings, L.L.C., a Delaware limited
liability company, have entered into that certain Agreement and Plan of Merger (as amended, the “Merger Agreement”),
dated as of January 21, 2019, pursuant to which Merger Sub will merge with and into Opco (the “Merger”)
with Opco being the surviving limited liability company; and

 

WHEREAS, in connection
with the Merger, the Company and the Stockholders wish to set forth certain understandings between such parties, including with
respect to certain governance matters.

 

NOW, THEREFORE, the parties
agree as follows:

 

ARTICLE
I.

INTRODUCTORY MATTERS

 

1.1 Defined
Terms.  In addition to the terms defined elsewhere herein, the following terms have the following meanings when used
herein with initial capital letters:

 

“Affiliate”
has the meaning set forth in Rule 12b-2 promulgated under the Exchange Act, as in effect on the date hereof.

 

“Agreement”
means this Founder Stockholders Agreement, as the same may be amended, supplemented, restated or otherwise modified from time to
time in accordance with the terms hereof.

 

“Beneficially
Own” has the meaning set forth in Rule 13d-3 promulgated under the Exchange Act.

 

“Board”
means the Board of Directors of the Company.

 

     

     

    

 

“Business Day”
means a day other than a Saturday, Sunday, federal or New York State holiday or other day on which commercial banks in New York
City are authorized or required by law to close.

 

“Class I Director”
has the meaning set forth in the Organizational Documents of the Company.

 

“Class II Director”
has the meaning set forth in the Organizational Documents of the Company.

 

“Class III Director”
has the meaning set forth in the Organizational Documents of the Company.

 

“Common Stock”
means the shares of Class A Common Stock, par value $0.0001 per share, of the Company, and any equity securities issued in respect
thereof, or in substitution therefor, in connection with any stock split, dividend or combination, or any reclassification, recapitalization,
merger, consolidation or similar transaction. For the avoidance of doubt, for purposes of determining whether a Person Beneficially
Owns Common Stock of the Company under this Agreement, such Person’s ownership will include any limited liability company
units of Opco which such Person can exchange into shares of Common Stock pursuant to the Second Amended and Restated Limited Liability
Company Agreement of Opco and the Exchange Agreement (as defined in the Merger Agreement).

 

“Company”
has the meaning set forth in the Preamble.

 

“Confidential
Information” means any information concerning the Company or its Subsidiaries that is furnished after the date of this
Agreement by or on behalf of the Company or its designated representatives to a Stockholder or its designated representatives,
together with any notes, analyses, reports, models, compilations, studies, documents, records or extracts thereof containing, based
upon or derived from such information, in whole or in part; provided, however, that Confidential Information does
not include information:

 

		(i)	that is or has become publicly available other than as a result of a disclosure by a Stockholder
or its designated representatives in violation of this Agreement;

 

		(ii)	that was already known to a Stockholder or its designated representatives or was in the possession
of a Stockholder or its designated representatives, in either case without an obligation of confidentiality to the Company or its
Affiliate, prior to its being furnished by or on behalf of the Company or its designated representatives;

 

		(iii)	that is received by a Stockholder or its designated representatives from a source other than the
Company or its designated representatives; provided, that the source of such information was not actually known by such
Stockholder or designated representative to be bound by a confidentiality agreement with, or other contractual obligation of confidentiality
to, the Company or its Affiliate;

 

    2

     

    

 

		(iv)	that was independently developed or acquired by a Stockholder or its designated representatives
or on its or their behalf, in any case, without the violation of the terms of this Agreement or the use of or reference to any
Confidential Information; or

 

		(v)	that a Stockholder or its designated representatives is required, in the good faith determination
of such Stockholder or such designated representative, to disclose by applicable law, regulation or legal process; provided,
that such Stockholder or such designated representative (A) to the extent permitted by applicable law, notifies the Company reasonably
in advance of any such disclosure, (B) reasonably cooperates (at the Company’s sole expense) with the Company in any reasonable
efforts taken by the Company to prevent or limit such disclosure and (C) otherwise takes reasonable steps to minimize the extent
of any such required disclosure; provided, further, that the requirements of the foregoing proviso shall not be required
where disclosure is made in connection with a routine audit or examination by a regulatory or self-regulatory authority, bank examiner
or auditor and such audit or examination does not specifically reference the Company or this Agreement.

 

“Control”
(including its correlative meanings, “Controlled by” and “under common Control with”) means
possession, directly or indirectly, of the power to direct or cause the direction of management or policies (whether through ownership
of securities or partnership or other ownership interests, by contract or otherwise) of a Person.

 

“Director”
means any director of the Company from time to time.

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, as the same may be
amended from time to time.

 

“Founder Designee”
has the meaning set forth in Section 2.1(d).

 

“Governmental
Authority” means any nation or government, any state or other political subdivision thereof, and any entity exercising
executive, legislative, judicial, regulatory or administrative functions of or pertaining to government.

 

“Immediate Family”
means, with respect to an individual, the spouse, domestic partner designated in good faith by such individual, lineal descendants
or antecedents of such individual, mother-in-law, father-in-law, son-in-law, daughter-in-law, adopted or step child or grandchild.

 

“Information”
has the meaning set forth in Section 3.1 hereof.

 

“Initial Board”
means the Board of Directors of the Company immediately following the consummation of the transactions contemplated by the Merger
Agreement.

 

“Law”
means any statute, law, regulation, ordinance, rule, injunction, order, decree, governmental approval, directive, requirement,
or other governmental restriction or any similar form of decision of, or determination by, or any interpretation or administration
of any of the foregoing by, any Governmental Authority.

 

    3

     

    

 

“Merger”
has the meaning set forth in the Recitals.

 

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

 

“Merger Sub”
has the meaning set forth in the Recitals.

 

“NewCo has
the meaning set forth in Section 4.2 hereof.

 

“Non-Recourse
Party” has the meaning set forth in Section 5.14 hereof.

 

“Opco”
has the meaning set forth in the Recitals.

 

“Organizational
Documents” means: (1) the articles or certificate of incorporation and the bylaws of a corporation; (2) the partnership
agreement and any statement of partnership of a general partnership; (3) the limited partnership agreement and the certificate
of limited partnership of a limited partnership; (4) the limited liability company agreement, operating agreement and the certificate
of organization of a limited liability company, (5) the trust agreement and any documents that govern the formation of a trust;
(6) any charter or similar document adopted or filed in connection with the creation, formation, or organization of a Person; and
(7) any amendment to any of the foregoing.

 

“Parent”
has the meaning set forth in the Recitals.

 

“Permitted Transferee”
means, with respect to a Stockholder (or the individual who Beneficially Owns a majority of the voting interests of such Stockholder,
if applicable), (x) upon the death of such Stockholder (or such individual), such Stockholder’s (or such individual’s)
estate, heirs, executors and administrators and/or (y) a trust or other Affiliate of such Stockholder (or such individual) that
is controlled by such Stockholder (or such individual) and the beneficiaries of which are comprised solely of such Stockholder
(or such individual) and the members of the Immediate Family of such Stockholder (or such individual); provided, that in
the cases of clause (x) and (y) above, any transfer of interests is for bona fide inheritance or estate planning purposes.

 

“Person”
means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust,
a joint venture, an unincorporated organization, or other form of business organization, whether or not regarded as a legal entity
under applicable Law, or any Governmental Authority or any department, agency or political subdivision thereof.

 

“Service Provider”
shall have the meaning set forth in the Organizational Documents of the Operating Company.

 

“Stockholder”
has the meaning set forth in the Preamble.

 

    4

     

    

 

“Subsidiary”
means, with respect to any Person, any corporation, limited liability company, partnership, association or other business entity
of which: (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence
of any contingency) to vote in the election of directors, representatives or trustees thereof is at the time owned or Controlled,
directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or any combination thereof; or (ii)
if a limited liability company, partnership, association or other business entity, a majority of the total voting power of stock
(or equivalent ownership interest) of the limited liability company, partnership, association or other business entity is at the
time owned or Controlled, directly or indirectly, by that Person or one or more Subsidiaries of that Person or any combination
thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability
company, partnership, association or other business entity if such Person or Persons shall (a) be allocated a majority of limited
liability company, partnership, association or other business entity gains or losses or shall be or (b) Control the managing member,
managing director or other governing body or general partner of such limited liability company, partnership, association or other
business entity.

 

“Total Number
of Directors” means the total number of directors comprising the Board from time to time.

 

1.2 Construction.  The
language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no
rule of strict construction will be applied against any party. Unless the context otherwise requires: (a) “or”
is disjunctive but not exclusive, (b) words in the singular include the plural, and in the plural include the singular, (c) the
words “hereof,” “herein,” and “hereunder” and words of similar import
when used in this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section
references are to this Agreement unless otherwise specified, and (d) the words “include”, “includes” and
“including” shall be deemed to be followed by the phrase “without limitation”.

 

ARTICLE
II.

CORPORATE GOVERNANCE MATTERS

 

2.1 Election
of Directors.

 

(a) The
Stockholder and the Company agree that the Initial Board as of the consummation of the transactions contemplated by the Merger
Agreement will consist of the following nine (9) individuals: Jeremy Schein; Gary Simanson; Shaler Alias; James Kirk; Bob A. Hartheimer;
Maryann Goebel; William Jacobs; John Morris; and Peter J. Kight, or such replacement Directors as are designated pursuant to the
Merger Agreement

 

(b) Subject
to Section 2.1(c), each Founder shall have the right, but not the obligation, to serve as Directors, and the individuals
nominated for election as Directors by or at the direction of the Board or a duly-authorized committee thereof shall include, such
Founder, with one such Founder being a Class I Director and the other being a Class III Director; provided, that, the identity
of which Founder shall serve as a Class I Director and which Founder shall serve as a Class III Director shall be designated set
forth in the Merger Agreement.

 

    5

     

    

 

(c) If
at any time Morris ceases to serve as the Chief Executive Officer of the Company, such Founder shall immediately resign as a Director,
shall cease to have the right to designate or be designated for nomination to the Board pursuant to Section 2.1(b), and
shall cease to be a “Founder Designee” for purposes of this Agreement. If at any time Alias ceases to serve
as the President of the Company, such Founder shall immediately resign as a Director shall cease to have the right to designate
or be designated for nomination to the Board pursuant to Section 2.1(a), and shall cease to be a “Founder Designee”
for purposes of this Agreement.

 

(d) Upon
any resignation pursuant to Section 2.1(c) hereof, the Stockholders (by written action of such Stockholders who Beneficially
Own a majority of the outstanding Common Stock Beneficially Owned by the Stockholders) shall have the right, but not the obligation,
to designate, and the individuals nominated for election as Directors by or at the direction of the Board or a duly-authorized
committee thereof shall include, one independent Director; provided, that, (i) the Director designated pursuant to
this Section 2.1(d) must qualify as an independent director under applicable rules of the Nasdaq Stock Market or any other
market upon which the shares of Common Stock are then listed, (ii) if the Company Sponsor (as defined in the Merger Agreement),
together with its Affiliates, then collectively Beneficially Owns at least 5% of the outstanding Common Stock, the identity of
the Director designated pursuant to this Section 2.1(d) shall be subject to approval in the discretion of the Company Sponsor
and (iii) in no event shall the Stockholders be entitled to designate more than one Director pursuant to this Section 2.1(d).
In the event that (x) only one Founder has resigned as Director, the independent Director designated pursuant to this Section
2.1(d) shall serve in the same class of Directors as such Founder had previously served, or (y) both Founders have simultaneously
resigned as Directors, the Stockholders (by written action from such Stockholders who Beneficially Own a majority of the outstanding
Common Stock Beneficially Owned by the Stockholders) shall be entitled to elect whether the independent Director designated pursuant
to this Section 2.1(d) shall serve as a Class I Director or a Class III Director.

 

(e) If
at any time the Stockholders are entitled to designate but have not designated an individual that the Stockholders are then entitled
to designate pursuant to Section 2.1(d) hereof, the Stockholders shall have the right, at any time and from time to time,
to designate such individual which they are so entitled to so designate (subject to the terms of Section 2.1(d)), in which
case, any individuals nominated by or at the direction of the Board or any duly-authorized committee thereof for election as Directors
to fill any vacancy on the Board shall include such designee, and the Company shall use its best efforts to (x) effect the
election of such designee, whether by increasing the size of the Board or otherwise, and (y) cause the election of such designee
to fill any such newly-created vacancies or to fill any other existing vacancies. Each such individual whom the Stockholders shall
actually designate pursuant to this Section 2.1 and who is thereafter elected and qualifies to serve as a Director, together
with each of the Founders, shall be referred to herein as a “Founder Designee” (subject to Section 2.1(c)).

 

(f) Directors
are subject to removal pursuant to the applicable provisions of the Organizational Documents of the Company; provided, however,
for as long as this Agreement remains in effect, subject to applicable Law, Founder Designees may only be removed pursuant to Section
2.1(c) hereof or, with respect to a Founder Designee designated pursuant to Section 2.1(d), by written action of such
Stockholders who Beneficially Own a majority of the outstanding Common Stock Beneficially Owned by the Stockholders.

 

    6

     

    

 

(g) In
the event that a vacancy is created at any time by death, retirement, removal, disqualification, resignation or other cause with
respect to the Founder Designee designated pursuant to Section 2.1(d), any individual nominated by or at the direction of
the Board or any duly-authorized committee thereof to fill such vacancy shall be, and the Company shall use its best efforts to
cause such vacancy to be filled, as soon as possible by, a new designee of the Stockholders (subject to the terms of Section
2.1(d)), and the Company shall take or cause to be taken, to the fullest extent permitted by law, at any time and from time
to time, all actions necessary to accomplish the same.

 

(h) The
Company shall, to the fullest extent permitted by law, include in the slate of nominees recommended by the Board at any meeting
of stockholders called for the purpose of electing directors (or consent in lieu of meeting), the applicable persons pursuant to
this Section 2.1 and use its best efforts to cause the election of each such individual to the Board, including nominating
each such individual to be elected as a Director as provided herein, recommending such individual’s election and soliciting
proxies or consents in favor thereof. In the event that any Founder Designee shall fail to be elected to the Board at any meeting
of stockholders called for the purpose of electing directors (or consent in lieu of meeting), the Company shall use its best efforts
to cause such Founder Designee (or a new designee of the Stockholders) to be elected to the Board, as soon as possible, and the
Company shall take or cause to be taken, to the fullest extent permitted by law, at any time and from time to time, all actions
necessary to accomplish the same.

 

(i) In
addition to any vote or consent of the Board or the stockholders of the Company required by applicable Law or the Organizational
Documents of the Company, and notwithstanding anything to the contrary in this Agreement, for so long as this Agreement is in effect,
any action by the Board to increase or decrease the Total Number of Directors (other than any increase in the Total Number of Directors
in connection with the election of one or more Directors elected exclusively by the holders of one or more classes or series of
the Company’s shares other than Common Stock) shall require the prior written consent of the Stockholders who Beneficially
Own a majority of the outstanding Common Stock Beneficially Owned by the Stockholders.

 

(j) The
rights of the Founders and the Stockholders set forth in this Section 2.1 shall at all times be subject to the requirement
that each Founder Designee must be eligible to serve as a Director under applicable rules of the Nasdaq Stock Market or any other
market upon which the shares of Common Stock are then listed.

 

2.2 Compensation.
The Founders shall not be entitled to any compensation as Directors, other than (x) the compensation to which they are entitled
as a Service Provider and (y) reimbursement for travel and other out-of-pocket costs incurred in connection with attending
Board meetings and conducting other Board business consistent with such reimbursement provided to other Directors. The independent
Founder Designee designated pursuant to Section 2.1(c) shall be entitled to compensation consistent with the compensation
received by other non-employee Directors, including any fees and equity awards.

 

    7

     

    

 

2.3 Other
Rights of Founder Designees. Except as provided in Section 2.2, each Founder Designee serving on the Board shall be entitled
to the same rights and privileges applicable to all other members of the Board generally or to which all such members of the Board
are entitled. In furtherance of the foregoing, the Company shall indemnify, exculpate, and reimburse fees and expenses of the Founder
Designees (including by entering into an indemnification agreement in a form substantially similar to the Company’s form
director indemnification agreement) and provide the Founder Designees with director and officer insurance to the same extent it
indemnifies, exculpates, reimburses and provides insurance for the other members of the Board pursuant to the Organizational Documents
of the Company, applicable law or otherwise.

 

ARTICLE
III.

INFORMATION

 

3.1 Books
and Records; Access.  The Company shall, and shall cause its Subsidiaries to, keep proper books, records and accounts,
in which full and correct entries shall be made of all financial transactions and the assets and business of the Company and each
of its Subsidiaries in accordance with generally accepted accounting principles. The Company shall, and shall cause its Subsidiaries
to, (a) permit the Stockholders and their respective designated representatives (or other designees), at reasonable times and upon
reasonable prior notice to the Company, to review the books and records of the Company or any of such Subsidiaries and to discuss
the affairs, finances and condition of the Company or any of such Subsidiaries with the officers of the Company or any such Subsidiary
and (b) provide the Stockholders all information of a type, at such times and in such manner as is consistent with the Company’s
past practice or that is otherwise reasonably requested by such Stockholder from time to time (all such information so furnished
pursuant to this Section 3.1, the “Information”). Subject to Section 3.4, any Stockholder (and
any party receiving Information from a Stockholder) who shall receive Information shall maintain the confidentiality of such Information.
Notwithstanding the foregoing, the Company shall not be required to disclose any privileged Information of the Company so long
as the Company has used commercially reasonable efforts to enter into an arrangement pursuant to which it may provide such information
to the Stockholders without the loss of any such privilege.

 

3.2 Certain
Reports.  The Company shall deliver or cause to be delivered to the Stockholders, at their request:

 

(a) to
the extent otherwise prepared by the Company, operating and capital expenditure budgets and periodic information packages relating
to the operations and cash flows of the Company and its Subsidiaries; and

 

(b) to
the extent otherwise prepared by the Company, such other reports and information as may be reasonably requested by the Stockholders;
provided, however, that the Company shall not be required to disclose any privileged information of the Company so
long as the Company has used commercially reasonable efforts to enter into an arrangement pursuant to which it may provide such
information to the Stockholders without the loss of any such privilege.

 

    8

     

    

 

3.3 Confidentiality.
Each Stockholder agrees that it will, and will direct its designated representatives to, keep confidential and not disclose any
Confidential Information; provided, however, that such Stockholder and its designated representatives may
disclose Confidential Information to the other Stockholders, to the Founder Designees and to (a) their and their Affiliates’
respective attorneys, accountants, consultants, insurers, financing sources and other advisors in connection with such Stockholder’s
investment in the Company, (b) any Person, including a prospective purchaser of Common Stock, as long as such Person has agreed,
in writing, to customary confidentiality restrictions with respect to such Confidential Information, (c) any of such Stockholder’s
or its respective Affiliates’ partners, members, stockholders, directors, officers, employees or agents who reasonably need
to know such information in the ordinary course of business (the Persons referenced in clauses (a), (b) and (c), a Stockholder’s
“designated representatives”) or (d) as the Company may otherwise consent in writing; provided, further,
however, that (i) each designated representative be under an obligation of confidentiality to either the Company or the
Stockholder with respect to such Confidential Information and (ii) each Stockholder agrees to be responsible for any breaches
of this Section 3.3 by such Stockholder’s designated representatives.

 

3.4 Information
Sharing. Each party hereto acknowledges and agrees that Founder Designees may share any information concerning the Company and
its Subsidiaries received by them from or on behalf of the Company or its designated representatives with each Stockholder and
its designated representatives (subject to such Stockholder’s obligation to maintain the confidentiality of Confidential
Information in accordance with Section 3.3).

 

ARTICLE
IV.

ADDITIONAL COVENANTS

 

4.1 Pledges.  Upon
the request of any Stockholder that wishes to pledge, hypothecate or grant security interests in any or all of the Common Stock
held by such Stockholder, including to banks or financial institutions as collateral or security for loans, advances or extensions
of credit, the Company agrees to reasonably cooperate with each such Stockholder in taking any action reasonably necessary to
consummate any such pledge, hypothecation or grant, including without limitation, delivery of letter agreements to lenders in
form and substance reasonably satisfactory to such lenders (which may include agreements by the Company in respect of the exercise
of remedies by such lenders) and instructing the transfer agent to transfer any such Common Stock subject to the pledge, hypothecation
or grant into the facilities of The Depository Trust Company without restricted legends; provided, in each case, that such Stockholder
is not otherwise restricted from pledging, hypothecating or granting a security interest in such Common Stock under the terms
of the Company Equity Holder Support Agreements (as defined in the Merger Agreement) or any other agreement with the Company or
applicable securities Law.

 

4.2 Spin-Offs
or Split-Offs. In the event that the Company effects the separation of any portion of its business into one or more entities
(each, a “NewCo”), whether existing or newly formed, including without limitation by way of spin-off, split-off,
carve-out, demerger, recapitalization, reorganization or similar transaction, and any Stockholder will receive equity interests
in any such NewCo as part of such separation, the Company shall cause any such NewCo to enter into a Stockholders agreement with
the Stockholders that provides such Stockholder with rights vis-á-vis such NewCo that are substantially identical to those
set forth in this Agreement.

 

    9

     

    

 

ARTICLE
V.

GENERAL PROVISIONS

 

5.1 Termination.  This
Agreement shall terminate at such time as the Stockholders and their Permitted Transferees collectively Beneficially Own less than
5% of the outstanding Common Stock. Notwithstanding the foregoing, Section 2.1(c) shall survive any termination hereof.

 

5.2 Notices.  Any
notice, designation, request, request for consent or consent provided for in this Agreement shall be in writing and shall be either
personally delivered, sent by facsimile or sent by reputable overnight courier service (charges prepaid) to the Company at the
address set forth below and to any other recipient at the address indicated on the Company’s records, or at such address
or to the attention of such other Person as the recipient party has specified by prior written notice to the sending party. Notices
and other such documents will be deemed to have been given or made hereunder when delivered personally or sent by facsimile (receipt
confirmed) and one (1) Business Day after deposit with a reputable overnight courier service.

 

The Company’s address is:

 

Repay Holdings Corporation

3 West Paces Ferry Road, Suite 200

Atlanta, Georgia 30305

Attention: John A. Morris, CEO

Phone: (404) 504-7474

Email: jmorris@repayonline.com

 

Each Stockholder’s address is:

 

c/o Hawk Parent Holdings LLC

3 West Paces Ferry Road, Suite 200

Atlanta, Georgia 30305

Attention: John A. Morris, CEO

Phone: (404) 504-7474

Email: jmorris@repayonline.com

 

5.3 Amendment;
Waiver.  This Agreement may be amended, supplemented or otherwise modified only by a written instrument executed by
the Company and the other parties hereto. Neither the failure nor delay on the part of any party hereto to exercise any right,
remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of
any right, remedy, power or privilege preclude any other or further exercise of the same or of any other right, remedy, power or
privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver
of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless it is in writing
and is signed by the party asserted to have granted such waiver.

 

    10

     

    

 

5.4 Further
Assurances.  The parties hereto will sign such further documents, cause such meetings to be held, resolutions passed,
exercise their votes and do and perform and cause to be done such further acts and things necessary, proper or advisable in order
to give full effect to this Agreement and every provision hereof. To the fullest extent permitted by law, the Company shall not
directly or indirectly take any action that is intended to, or would reasonably be expected to result in, any Stockholder being
deprived of the rights contemplated by this Agreement.

 

5.5 Assignment. This
Agreement may not be assigned without the express prior written consent of the other parties hereto, and any attempted assignment,
without such consents, will be null and void. This Agreement will inure to the benefit of and be binding on the parties hereto
and their respective successors and permitted assigns.

 

5.6 Third
Parties.  This Agreement does not create any rights, claims or benefits inuring to any person that is not a party
hereto nor create or establish any third party beneficiary hereto.

 

5.7 Governing
Law.  THIS AGREEMENT AND ITS ENFORCEMENT AND ANY CONTROVERSY ARISING OUT OF OR RELATING TO THE MAKING OR PERFORMANCE
OF THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

5.8 Jurisdiction;
Waiver of Jury Trial.  Each party hereto hereby (i) agrees that any action, directly or indirectly, arising out of,
under or relating to this Agreement shall exclusively be brought in and shall exclusively be heard and determined by either the
Supreme Court of the State of New York sitting in Manhattan or the United States District Court for the Southern District of New
York, and (ii) solely in connection with the action(s) contemplated by subsection (i) hereof, (A) irrevocably and unconditionally
consents and submits to the exclusive jurisdiction of the courts identified in subsection (i) hereof, (B) irrevocably and unconditionally
waives any objection to the laying of venue in any of the courts identified in clause (i) of this Section 5.8, (C) irrevocably
and unconditionally waives and agrees not to plead or claim that any of the courts identified in such clause (i) is an inconvenient
forum or does not have personal jurisdiction over any party hereto, and (D) agrees that mailing of process or other papers in connection
with any such action in the manner provided herein or in such other manner as may be permitted by applicable law shall be valid
and sufficient service thereof. Each party hereto hereby irrevocably waives, to the fullest
extent permitted by applicable law, any right it may have to a trial by jury in respect of any claim or action directly or indirectly
arising out of, under or in connection with this Agreement or the services contemplated hereby.

 

5.9 Specific
Performance.  Each party hereto acknowledges and agrees that in the event of any breach of this Agreement by any of
them, the other parties hereto would be irreparably harmed and could not be made whole by monetary damages. Each party accordingly
agrees to waive the defense in any action for specific performance that a remedy at law would be adequate and agrees that the parties,
in addition to any other remedy to which they may be entitled at law or in equity, shall be entitled to specific performance of
this Agreement without the posting of a bond.

 

    11

     

    

 

5.10 Entire
Agreement.  This Agreement sets forth the entire understanding of the parties hereto with respect to the subject matter
hereof. There are no agreements, representations, warranties, covenants or understandings with respect to the subject matter hereof
or thereof other than those expressly set forth herein and therein. This Agreement supersedes all other prior agreements and understandings
between the parties with respect to such subject matter. Notwithstanding the foregoing, nothing herein shall affect the rights
and obligations of the Company or any Stockholder or its Affiliate under any other agreements with respect to confidentiality and
non-use of information, which the parties express agree shall not be superseded by the terms of this Agreement.

 

5.11 Severability.
If any provision of this Agreement, or the application of such provision to any Person or circumstance or in any jurisdiction,
shall be held to be invalid or unenforceable to any extent, (i) the remainder of this Agreement shall not be affected thereby,
and each other provision hereof shall be valid and enforceable to the fullest extent permitted by law, (ii) as to such Person or
circumstance or in such jurisdiction such provision shall be reformed to be valid and enforceable to the fullest extent permitted
by law, and (iii) the application of such provision to other Persons or circumstances or in other jurisdictions shall not be affected
thereby.

 

5.12 Table
of Contents, Headings and Captions.  The table of contents, headings, subheadings and captions contained in this Agreement
are included for convenience of reference only, and in no way define, limit or describe the scope of this Agreement or the intent
of any provision hereof.

 

5.13 Counterparts.  This
Agreement and any amendment hereto may be signed in any number of separate counterparts (including by facsimile, pdf or other electronic
document transmission), each of which shall be deemed an original, but all of which taken together shall constitute one Agreement
(or amendment, as applicable).

 

5.14 No
Recourse.  This Agreement may only be enforced against, and any claims or cause of action that may be based upon,
arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement, the transactions contemplated
hereby or the subject matter hereof may only be made against the parties hereto and no past, present or future Affiliate, director,
officer, employee, incorporator, member, manager, partner, stockholder, agent, attorney or representative of any party hereto or
any past, present or future Affiliate, director, officer, employee, incorporator, member, manager, partner, stockholder, agent,
attorney or representative of any of the foregoing (each, a “Non-Recourse Party”) shall have any liability for
any obligations or liabilities of the parties to this Agreement or for any claim based on, in respect of, or by reason of, the
transactions contemplated hereby. Without limiting the rights of any party against the other parties hereto, in no event shall
any party or any of its Affiliates seek to enforce this Agreement against, make any claims for breach of this Agreement against,
or seek to recover monetary damages from, any Non-Recourse Party.

 

[Remainder of Page Intentionally Left
Blank]

 

    12

     

    

 

IN WITNESS WHEREOF, the parties hereto have
executed this Agreement on the day and year first above written.

 

	 	COMPANY
	 	 
	 	Repay Holdings Corporation,
	 	a Delaware corporation
	 	 	             
	 	By:	 
	 	Name:  
	 	Title:

 

[Signature Page to Founder Stockholders
Agreement]

 

     

     

    

 

	 	STOCKHOLDERS
	 	 
	 	 
	 	John A. Morris
	 	 
	 	 
	 	Shaler V. Alias

 

[Signature Page to Founder Stockholders
Agreement]Exhibit 10.34

 

FORM OF

SUBSCRIPTION AND DISTRIBUTION AGREEMENT

 

THIS SUBSCRIPTION AND DISTRIBUTION AGREEMENT
(this “Agreement”) by and between Repay Holdings Corporation, a Delaware corporation (the “Surviving
Pubco”), and Hawk Parent Holdings LLC, a Delaware limited liability company (the “Surviving Company”)
is made as of [●], 2019.

 

WHEREAS, the Surviving Pubco is party to that
certain Merger Agreement (the “Merger Agreement”), dated as of January 21, 2019, by and among the Surviving
Pubco, TB Acquisition Merger Sub LLC (the “Merger Sub”) and the Surviving Company, pursuant to which, among
other things, Merger Sub shall merge (the “Merger”) with and into the Surviving Company, with the Surviving
Company as the surviving company; and

 

WHEREAS, the parties to the Merger Agreement
desire for each holder of Class A Units (as defined in the Second Amended and Restated Limited Liability Company Agreement of the
Surviving Company, dated on or about the date hereof, by and among the Surviving Pubco, as managing member, and the other members
party thereto) of the Surviving Company, other than the Surviving Pubco, to hold shares of Class V common stock of the Surviving
Pubco, par value $0.0001 per share (the “Class V Common Stock”), entitling such holders to the rights, preferences
and obligations, if any, set forth in the certificate of incorporation and bylaws of the Surviving Pubco and applicable law.

 

NOW, THEREFORE, in order to implement the
foregoing and in consideration of the mutual representations, warranties, covenants and agreements contained herein the parties
hereto agree as follows:

 

	1.	Issuance and Distribution of Class V Common Stock.

 

1.1 Purchase
of the Class V Common Stock. With effect immediately after the consummation of the Merger, the Surviving Pubco hereby issues
and sells to the Surviving Company, and the Surviving Company hereby subscribes for and purchases, one hundred (100) shares of
Class V Common Stock in exchange for the payment by the Surviving Company to the Surviving Pubco of $1.00.

 

1.2 Distribution
of the Class V Common Stock. With effect immediately following the transaction set forth in Section 1.1 above, the Surviving
Company hereby absolutely and irrevocably distributes, assigns and transfers one share of Class V Common Stock to each holder of
Class A Units other than the Surviving Pubco, as set forth on Schedule I hereto (such holders to whom a share of Class V Common
Stock has been so distributed, assigned and transferred, the “Class V Stockholders”). The Surviving Pubco hereby
agrees to update its stock ledger to reflect the transactions set forth in this Section 1.

 

	2.	Miscellaneous.

 

2.1 Cooperation.
Each of the Surviving Company and the Surviving Pubco agrees to update their books and records to reflect, and to take such further
action as may be reasonably necessary to consummate, the transactions contemplated by this Agreement.

 

    1

     

    

 

2.2 Binding
Effect. The provisions of this Agreement shall be binding upon and accrue to the benefit of the parties hereto and their respective
heirs, legal representatives, successors and assigns; provided, that no party may assign, delegate or otherwise transfer
any of its rights or obligations under this Agreement without the prior written consent of the other party and any assignment,
delegation or transfer in derogation of this provision shall be null and void.

 

2.3 Amendment;
Waiver. This Agreement may be amended only by a written instrument signed by the parties hereto. No waiver by any party hereto
of any of the provisions hereof shall be effective unless set forth in a writing executed by the party so waiving.

 

2.4 Governing
Law; Jurisdiction. This Agreement shall be governed by and construed and enforced in accordance with the internal laws of the
State of Delaware applicable to contracts made and performed wholly within the State of Delaware, without giving effect to the
conflicts of law provisions thereof. Any suit, action or proceeding with respect to this Agreement, or any judgment entered by
any court in respect of any thereof, shall be brought in any court of competent jurisdiction in the State of Delaware, and each
of the parties hereby submits to the exclusive jurisdiction of such courts for the purpose of any such suit, action, proceeding
or judgment and waives any claim of improper venue and any claim that such courts are an inconvenient forum. Nothing herein will
be deemed to affect the right of any party to serve process in any manner permitted by law.

 

2.5 WAIVER OF JURY
TRIAL. THE PARTIES HEREBY IRREVOCABLY WAIVE ALL RIGHT TO A TRIAL BY JURY IN ANY
SUIT, ACTION OR OTHER PROCEEDING INSTITUTED BY OR AGAINST EACH PARTY IN RESPECT OF ITS RIGHTS OR OBLIGATIONS UNDER THIS AGREEMENT
OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY.

 

2.6 Integration.
This Agreement contain the entire understanding of the parties with respect to the subject matter hereof. There are no restrictions,
agreements, promises, representations, warranties, covenants or undertakings with respect to the subject matter hereof other than
those expressly set forth herein. This Agreement supersedes all prior agreements and understandings between the parties with respect
to such subject matter.

 

2.7 Interpretation.
The section headings contained in this Agreement are inserted for convenience only and will not affect in any way the meaning or
interpretation of this Agreement. If an ambiguity or question of intent or interpretation arises, this Agreement will be construed
as if drafted jointly by the parties and no presumption or burden of proof will arise favoring or disfavoring any party because
of the authorship of any provision of this Agreement.

 

2.8 Survival.
The representations and warranties contained herein will survive the transactions contemplated by this Agreement.

 

2.9 Counterparts.
This Agreement may be executed in separate counterparts, and by different parties on separate counterparts each of which shall
be deemed an original, but all of which shall constitute one and the same instrument.

 

2.10 Rights
Cumulative; Waiver. The rights and remedies of the parties under this Agreement shall be cumulative and not exclusive of any
rights or remedies which either would otherwise have hereunder or at law or in equity or by statute, and no failure or delay by
either party in exercising any right or remedy shall impair any such right or remedy or operate as a waiver of such right or remedy,
nor shall any single or partial exercise of any power or right preclude such party’s other or further exercise or the exercise
of any other power or right. The waiver by any party hereto of a breach of any provision of this Agreement shall not operate or
be construed as a waiver of any preceding or succeeding breach and no failure by either party to exercise any right or privilege
hereunder shall be deemed a waiver of such party’s rights or privileges hereunder or shall be deemed a waiver of such party’s
rights to exercise the same at any subsequent time or times hereunder.

 

[Remainder of page intentionally left
blank]

 

    2

     

    

 

IN WITNESS WHEREOF, the undersigned has executed
this Subscription Agreement as of the date written below.

 

	 	REPAY HOLDINGS CORPORATION
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	 	HAWK PARENT HOLDINGS LLC
	 	 	 
	 	By: Repay Holdings Corporation, as managing member
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

     

     

    

 

Schedule I

 

[●]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00291-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00291-of-00352.parquet"}]]