Document:

EX-10.1

 Exhibit 10.1 

REPAY HOLDINGS CORPORATION. 

RESTRICTED STOCK AWARD AGREEMENT 

THIS RESTRICTED STOCK AWARD AGREEMENT (the “Award Document”) is hereby granted as of
    [DATE]    , 2020 (the “Grant Date”) by Repay Holdings Corporation, a Delaware corporation (the “Company”), to
    [NAME]                 (the “Grantee”) pursuant to the Repay Holdings Corporation Omnibus
Incentive Plan (as amended, the “Plan”) and subject to the terms and conditions set forth therein and as set out in this Award Document. Capitalized terms used herein shall, unless otherwise required by the context, have the meaning
ascribed to such terms in the Plan. 
 By action of the Committee, and subject to the terms of the Plan, the Grantee is hereby granted an
Award of     [NUMBER]     Shares (the “Shares”), subject in all regards to the terms of the Plan and to the restrictions and risks of forfeiture set forth in this Award Document.

 NOW, THEREFORE, in consideration of the promises and the mutual covenants contained in this Award Document, the Company and the Grantee
agree as follows: 
 1.    Grant. The Company hereby grants to the Grantee the Shares, on the terms and
conditions set forth in this Award Document and as otherwise set forth in the Plan. 
 2.    Vesting and
Forfeiture. 
 (a)    Vesting. Subject to the other terms contained in this Award Document, the Shares shall
become vested on the dates set forth below (each, a “Vesting Date”), subject to the continued employment of the Grantee by the Company or Affiliate thereof through each such Vesting Date, as to the specified portion of the Shares
indicated: 
  

					
	 Vesting Date
	  	Vested Percentage	 
	 First anniversary of the Grant Date
	  	 	25	% 
	 Second anniversary of the Grant Date
	  	 	25	% 
	 Third anniversary of the Grant Date
	  	 	25	% 
	 Fourth anniversary of the Grant Date
	  	 	25	% 

 For purposes of clarity and avoidance of doubt, the foregoing vesting schedule is structured so as to result in the Shares
being 100% vested on the fourth anniversary of the Grant Date. 

 (b)    Change of Control. Notwithstanding the foregoing, if there
is a Change in Control prior to the fourth anniversary of the Grant Date and the successor to the Company does not assume or provide for a substitute for the unvested Shares under this Award, with appropriate adjustments to the number and kind of
shares of stock underlying this Award as may result from the Change in Control, the Grantee’s unvested Shares shall become fully vested on the occurrence of such Change in Control, subject to the continued employment of the Grantee by the
Company or Affiliate thereof until such Change in Control. If there is a Change in Control prior to the fourth anniversary of the Grant Date and the successor company assumes or provides a substitute award for the unvested Shares under this Award,
with appropriate adjustments to the number and kind of shares of stock underlying this Award as may result from the Change in Control, such unvested Shares will remain subject to the same vesting schedule set forth in Section 2(a) above
(subject to Section 2(c) below and this Section 2(b) in connection with a subsequent Change in Control). 

(c)    Termination of Employment. If, on or following a Change in Control with respect to which the successor
company assumes or provides a substitute award for the unvested Shares under this Award, with appropriate adjustments to the number and kind of shares of stock underlying this Award as may result from the Change in Control, the Grantee’s
employment with the Company and its Affiliates (or any successor thereof) is terminated on or before the fourth anniversary of the Grant Date by the Company or an Affiliate (or any successor thereof) without Cause (as hereinafter defined), by the
Grantee for Good Reason (as hereinafter defined), or on account of Grantee’s death or Incapacity (as hereinafter defined), and such termination constitutes a separation from service (within the meaning of Section 409A of the Code), then
the Grantee’s unvested Shares shall become fully vested upon the termination of Grantee’s employment with the Company and its Affiliates (or any successor thereof) by the Company or an Affiliate (or any successor thereof) without Cause, by
the Grantee for Good Reason, or on account of Grantee’s death or Incapacity. 
 For purposes of this Award Agreement,
“Incapacity” shall have the same definition as under any employment agreement between the Company or an Affiliate (or any successor thereof) and the Grantee or, if no such employment agreement exists or if such employment agreement does
not contain any such definition or words of similar import, “Incapacity” shall have the same meaning as “Disability” under the Plan; and “Cause” and “Good Reason” shall have the same definitions as under the
Plan. 
 (d)    Death or Incapacity Prior to a Change in Control. If prior to a Change in Control and the fourth
anniversary of the Grant Date, the Grantee’s employment with the Company and its Affiliates (or any successor thereof) is terminated on account of Grantee’s death or Incapacity, and such termination constitutes a separation from service
(within the meaning of Section 409A of the Code), then the Grantee’s unvested Shares under this Award shall become fully vested upon the termination of Grantee’s employment with the Company and its Affiliates (or any successor
thereof) on account of Grantee’s death or Incapacity. 

  
 - 2 - 

 (e)    Forfeiture of Unvested Shares. Except as otherwise
provided herein or in any employment agreement between Grantee and the Company or any Affiliate or as determined by the Committee in its sole discretion, the Grantee’s unvested Shares shall be automatically forfeited without consideration to
the Grantee upon the Grantee’s termination of employment with the Company or its Affiliates for any reason. 

(f)    Rights as a Stockholder. Except as otherwise expressly provided in Section 2(h) below or in the Plan,
the Grantee shall have all of the rights of a stockholder of the Company with respect to the Shares unless and until such Shares are forfeited. 

(g)    Withholding for Taxes. Withholding of any portion of the Shares in connection with the Company’s
withholding obligations arising on account of the vesting of the Shares shall be deemed to be a taxable repurchase of such withheld Shares for federal income tax purposes at the time that occurs. 

(h)    Cash Dividends. For so long as the Grantee holds the unvested Shares under this Award, if the Company (or
any successor thereof) pays any cash dividends on its Common Stock, then the Company (or any successor thereof) will accumulate and pay the Grantee in cash for each outstanding unvested Share covered by this Award as of the record date for such
dividend, less any required withholding taxes, the per share amount of such dividend that the Grantee would have received had the Grantee’s unvested Shares been vested as of the record date of the dividend if, and only if, the Shares become
vested in accordance with the terms of this Agreement. In that case, the Company (or any successor thereof) shall pay such cash amounts to the Grantee, less any required withholding taxes, at the same time the related Shares become vested. The
additional payments pursuant to this provision shall be treated as a separate arrangement. 
 3.    Clawback. The
Shares and this Restricted Stock Award are subject to the Compensation Recovery provisions of the Plan. In the event the Company (or any successor thereof) is required to provide an accounting restatement for any of the prior three fiscal years of
the Company for which audited financial statements have been completed as a result of material noncompliance with financial reporting requirements under federal securities laws (a “Restatement”), the amount of any Excess Compensation
realized by any Executive Officer shall be subject to recovery by the Company (or any successor thereof). 

4.    Compliance with Legal Requirements. The granting and delivery of the Shares and any other obligations of the
Company under this Award Document, shall be subject to all applicable federal, state, local and foreign laws, rules and regulations and to such approvals by any regulatory or governmental agency as may be required. 

5.    Transferability. At all times prior to the Shares becoming vested, the Shares may not be assigned, alienated,
pledged, attached, sold or otherwise transferred or encumbered by the Grantee other than by will or by the laws of descent and distribution and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be
void and unenforceable against the Company or any Affiliate (or any successor thereof). 

  
 - 3 - 

 6.    Waiver. Any right of the Company (or any successor thereof)
contained in this Award Document may be waived in writing by the Committee. No waiver of any right hereunder by any party shall operate as a waiver of any other right, or as a waiver of the same right with respect to any subsequent occasion for its
exercise, or as a waiver of any right to damages. 
 7.    Severability. The invalidity or unenforceability of
any provision of this Award Document shall not affect the validity or enforceability of any other provision of this Award Document, and each other provision of this Award Document shall be severable and enforceable to the extent permitted by law.

 8.    Employment. Nothing in the Plan or in this Award Document shall be construed to imply or to constitute
evidence of any agreement, express or implied, on the part of the Company or any Affiliate (or any successor thereof) to retain the Grantee in the employ of the Company or an Affiliate (or any successor thereof) and/or as a member of the
Company’s Board of Directors or in any other capacity. 
 9.    Binding Effect. The terms of this Award
Document shall be binding upon and shall inure to the benefit of the Company, its successors and assigns, the Grantee and the beneficiaries, executors, administrators and heirs of the Grantee. 

10.    Entire Agreement. This Award Document and the Plan contain the entire agreement and understanding of the
parties hereto with respect to the subject matter contained herein and supersedes all prior communications, representations and negotiations in respect thereto. In the event of a conflict between the Plan and this Award Document, the terms of the
Plan shall control. No change, modification or waiver of any provision of this Award Document shall be valid unless the same be in writing and signed by the parties hereto, except for any changes permitted without consent of the Grantee under the
Plan. 
 11.    Governing Law. This Award Document shall, except to the extent preempted by federal law, be
construed and interpreted in accordance with the laws of the State of Delaware without regard to principles of conflicts of law thereof, or principles of conflicts of laws of any other jurisdiction which could cause the application of the laws of
any jurisdiction other than the State of Delaware. 
 12    Section 409A. Notwithstanding any other provision of
this Award Document, it is intended that payments hereunder will not be considered deferred compensation within the meaning of Section 409A of the Code. For purposes of this Agreement, all rights to payments hereunder shall be treated as rights
to receive a series of separate payments and benefits to the fullest extent allowed by Section 409A of the Code. Payments hereunder are intended to satisfy either the exemption from Section 409A of the Code for “short-term
deferrals” or “restricted stock.” 

  
 - 4 - 

 13.    Counterparts. This Award Document may be executed in a number of
counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 IN
WITNESS WHEREOF, this Award Document has been executed on this      day of                 ,         . 

 

			
	REPAY HOLDINGS CORPORATION
		
	By:	 	  

	Its [TITLE]
	
	ACKNOWLEDGED
		
	By:	 	  

		 	Grantee

  
 - 5 -EX-10.2

 Exhibit 10.2 

REPAY HOLDINGS CORPORATION 

PERFORMANCE-BASED RESTRICTED STOCK UNITS 

AWARD AGREEMENT 
 THIS
PERFORMANCE-BASED RESTRICTED STOCK UNITS AWARD AGREEMENT (the “Award Document”) is hereby granted as of [DATE] (the “Grant Date”) by Repay Holdings Corporation, a Delaware corporation
(“Repay”), to [NAME OF GRANTEE] (the “Grantee”) pursuant to the Repay Holdings Corporation Omnibus Incentive Plan (as amended, the “Plan”) and subject to the terms and conditions set forth
therein and as set out in this Award Document. Capitalized terms used herein shall, unless otherwise required by the context, have the meaning ascribed to such terms in the Plan. 

By action of the Committee, and subject to the terms of the Plan, the Grantee is hereby granted an Award of [NUMBER OF
SHARES] performance-based Restricted Stock Units (“PSUs”), subject in all regards to the terms of the Plan and to the restrictions and risks of forfeiture set forth in this Award Document. 

NOW, THEREFORE, in consideration of the promises and the mutual covenants contained in this Award Document, Repay and the Grantee agree as
follows: 
 1.    Grant. Repay hereby grants to the Grantee the PSUs set forth above, on the terms and conditions
set forth in this Award Document and as otherwise set forth in the Plan. Subject to the terms and conditions of the Plan and this Award Document, each PSU represents an unsecured promise of Repay to deliver, and the right of the Grantee to receive,
one (1) share of the Common Stock of Repay, at the time and on the terms and conditions set forth herein. As a holder of PSUs, the Grantee has only the rights of a general unsecured creditor of Repay. 

2.    Vesting and Forfeiture. 

(a)    Performance Based Vesting. Subject to the Plan and the other terms contained in this Award Document, the
outstanding PSUs shall become earned, vested and payable based upon Repay’s TSR (as hereinafter defined) for the Performance Period (as hereinafter defined) compared to the TSRs of the companies included within the Relative Comparator Group (as
hereinafter defined) for the Performance Period, with respect to the number of PSUs granted under this Award multiplied by the Vesting Percentage set forth in Attachment A that corresponds to the percentile rank of Repay’s TSR for the
Performance Period relative to the TSRs of the other companies included within the Relative Comparator Group for the Performance Period (rounded down to the nearest whole Share), subject to the continued employment of the Grantee by Repay or an
Affiliate (or any successor thereof) from the Grant Date through the last day of the Performance Period (the “Vesting Date”). 

  
 1 

 For purposes of this Agreement, “TSR” means the return a holder of a share of
common stock of the respective company earns over the Performance Period, expressed as a percentage, and including changes in Average Market Value (as hereinafter defined) of, and dividends or other distributions with respect to, a share of the
common stock of the company. TSR shall be determined as the quotient obtained by dividing (1) the sum of (A) the Ending Average Market Value (as hereinafter defined) reduced by the Beginning Average Market Value (as hereinafter defined)
plus (B) the aggregate per share dividends and other distributions with respect to a share of the common stock of the company paid during the Performance Period (with such dividends and other distributions deemed reinvested in shares of common
stock of the company based on the Market Share Price (as hereinafter defined) on the date of payment where not paid in shares of common stock of the company), by (2) the Beginning Average Market Value. TSR, including the value of reinvested
dividends and other distributions, shall be determined on the basis of an appropriate total shareholder return model or such other authoritative source as the Committee may determine. The Committee, as soon as practicable after the end of the
Performance Period, shall determine the TSR of Repay and of each company within the Relative Comparator Group for the Performance Period. The TSR of each company within the Relative Comparator Group shall be ranked from highest to lowest. Companies
within the Relative Comparator Group that file for bankruptcy or are de-listed during the Performance Period shall be assigned a negative 100% (-100%) TSR for the
Performance Period. For purposes of determining the number of PSUs that are to become earned, vested and payable, the Vesting Percentage will be equal to the Vesting Percentage set forth in Attachment A that corresponds to the percentile rank of
Repay’s TSR relative to the TSRs of the other companies included within the Relative Comparator Group. The Vesting Percentage will be determined by straight-line interpolation where Repay’s TSR rank falls between the quarterly percentiles;
but, in no event will the Vesting Percentage exceed 200%, and none of the PSUs will become earned, vested and payable if the percentile rank of Repay’s TSR for the Performance Period falls below the twenty-fifth (25th) percentile.
Notwithstanding any other provision of this Agreement, the Committee shall retain the authority to exercise its discretion to amend or modify the TSR methodology as described herein for purposes of determining the Vesting Percentage to be applied to
the PSUs, if the use of the methodology described herein may lead to a result that inappropriately distorts Repay’s TSR rank against the other companies within the Relative Comparator Group. 

For purposes of the determining the Vesting Percentage to be applied to the PSUs: (A) “Average Market Value” means the average of
the closing price per share of the common stock of the company as reported by NASDAQ or such other national stock exchange or quotation system on which such company shares may be traded for the applicable twenty (20) trading days beginning or
ending on the specified date, as the Committee may determine; (B) “Beginning Average Market Value” means the Average Market Value based on the last twenty (20) trading days ending prior to the beginning of the Performance Period; (C)
“Ending Average Market Value” means the Average Market Value based on the last twenty (20) trading days of the Performance Period; (D) “Market Share Price” means the closing price per share of common stock of the company on
the applicable day as reported by NASDAQ or such other national stock exchange or quotation system on which such company shares may be traded for the specified day (or the last preceding trading day thereto for which reported), as the Committee may

  
 2 

 
determine; (E) “Performance Period” means the three-year period beginning on January 1, 2020 and ending on December 31, 2022; and (F) “Relative Comparator Group”
means the companies included within the Russell 2000 Index on the first trading day of the Performance Period, provided that the following companies will be removed from the Relative Comparator Group: (i) any company that experiences an
acquisition, merger or similar transaction during the Performance Period and is not the surviving entity; and (ii) any company taken private during the Performance Period 

(b)    Change in Control. Notwithstanding the foregoing, if there is a Change in Control during the Performance
Period and the successor to Repay does not assume or provide for a substitute for this Award of PSUs, the Grantee’s PSUs shall become earned, vested and payable as of the date of the Change in Control at that Vesting Percentage that corresponds
to Repay’s TSR rank compared against the TSRs of the other companies included within the Relative Comparator Group for the portion of the Performance Period ending as of the date of the Change in Control, subject to the continued employment of
the Grantee by Repay or an Affiliate (or any successor thereof) from the Grant Date until the date of the Change in Control. If there is a Change in Control during the Performance Period and the successor company assumes or provides a substitute
award for this Award of PSUs, with appropriate adjustments to the number and kind of shares of stock underlying this Award of PSUs as may result from the Change in Control, this Award of PSUs shall become earned and automatically convert, as of the
date of the Change in Control, into service-based restricted stock units (“RSUs”) with respect to the number and kind of shares of stock as may result from the Change in Control that relates to the Grantee’s PSUs multiplied by the
Vesting Percentage that corresponds to Repay’s TSR rank compared against the TSRs of the other companies included within the Relative Comparator Group for the portion of the Performance Period ending on the date of the Change in Control, and
such service-based RSUs will become vested and payable, on the Vesting Date, subject to the continued employment of the Grantee by the Company or an Affiliate (or any successor thereof) from the Grant Date through such Vesting Date. 

(c)    Termination of Employment. If on or following a Change in Control with respect to which the successor
company assumes or provides a substitute award for this Award of PSUs and the PSUs are converted into RSUs, the Grantee’s employment with Repay and its Affiliates (or any successor thereof) is terminated on or before the Vesting Date, by Repay
or an Affiliate (or any successor thereof) without Cause (as hereinafter defined), by the Grantee for Good Reason (as hereinafter defined), or on account of Grantee’s death or Incapacity (as hereinafter defined), and such termination
constitutes a separation from service (within the meaning of Section 409A of the Code), then the Grantee’s RSUs shall become vested and payable upon such termination of Grantee’s employment. 

For purposes of this Award Agreement, “Incapacity” shall have the same definition as under any employment agreement between the
Company or an Affiliate (or any successor thereof) and the Grantee or, if no such employment agreement exists or if such employment agreement does not contain any such definition or words of similar import, “Incapacity” shall have the same
meaning as “Disability” under the Plan; and “Cause” and “Good Reason” shall have the same definitions as under the Plan. 

  
 3 

 If prior to a Change in Control and the Vesting Date, the Grantee’s employment with
Repay and its Affiliates (or any successor thereof) is terminated by Repay or an Affiliate (or any successor thereof) without Cause, by the Grantee for Good Reason, or on account of Grantee’s death or Incapacity, and such termination
constitutes a separation from service (within the meaning of Section 409A of the Code), then this Award of PSUs shall become vested with respect to the employment requirement, notwithstanding the termination of Grantee’s employment with
Repay and/or its Affiliates (or any successor thereof), and shall remain eligible to become earned and payable with respect to a Pro Rata Portion (as hereinafter defined) of the Award of PSUs on the same basis that the PSUs would have become earned,
vested and payable had the Grantee’s employment with Repay and/or its Affiliates (or any successor thereof) not terminated. For purposes of this Agreement, “Pro Rata Portion” means a fraction, which may not exceed one (1), the
numerator of which is the number of days from and including the first day of the Performance Period through the date of termination of Grantee’s employment with Repay and/or its Affiliates (or any successor thereof) which constitutes a
separation from service (within the meaning of Section 409A of the Code), plus, if applicable, the number of days after such termination of employment for which the Grantee is entitled to receive continued base salary as severance under any
employment agreement between Repay or any Affiliate (or successor thereof) and the Grantee, and the denominator of which is the number of days within the Performance Period. 

(d)    Forfeiture of Unvested Shares. Except as otherwise provided herein or in any employment agreement between
Grantee and Repay or any Affiliate (or any successor thereof) or as determined by the Committee in its sole discretion, unvested PSUs shall be automatically forfeited without consideration to the Grantee upon the Grantee’s termination of
employment with Repay or its Affiliates (or any successor thereto). 
 (e)    No Rights as a Stockholder. The
Grantee shall not have any rights of a stockholder of Repay with respect to the shares of Common Stock underlying the PSUs unless and until such shares of Common Stock are issued to the Grantee. 

(f)    Settlement of the PSUs. Subject to the terms of the Plan and this Award Document, Repay shall issue to the
Grantee one (1) share of Common Stock for each PSU that has become earned, vested and payable under this Section 2 of the Award Document and shall deliver to the Grantee such shares of Common Stock as soon as practicable after the Vesting
Date (but in no event later than March 15, 2023). 
 (g)    Withholding for Taxes. As a condition to the
settlement of the Award of PSUs, the Grantee shall be required to pay any required withholding taxes attributable to the PSUs (i) in cash or cash equivalent acceptable to the Committee, (ii) by means of a “net settlement”
procedure where Repay will withhold that number of shares of Common Stock whose Fair Market Value, as of the date of the withholding, equals the amount of the tax withholdings, or (iii) any combination of the foregoing (provided the number of
shares of Common Stock to be withheld may not exceed that amount which 

  
 4 

 
would result in adverse financial accounting consequences for Repay with respect to these PSUs). Withholding of any portion of the shares of Common Stock in connection with Repay’s
withholding obligations arising on account of the settlement of the PSUs shall be deemed to be a taxable repurchase of such withheld shares of Common Stock for federal income tax purposes at the time that occurs. 

(h)    Cash Dividends. For so long as the Grantee holds outstanding PSUs (or RSUs) under this Award, if Repay (or
any successor thereof) pays any cash dividends on its common stock, then Repay (or any successor thereof) will pay the Grantee in cash for each outstanding PSU (or RSU) covered by this Award as of the record date for such dividend, less any required
withholding taxes, the per share amount of such dividend that the Grantee would have received had the Grantee owned the underlying shares of common stock as of the record date of the dividend if, and only if, the PSUs (or RSUs) become earned, vested
and payable and the related shares of common stock are issued to the Grantee. In that case, Repay (or any successor thereof) shall pay such cash amounts to the Grantee, less any required withholding taxes, at the same time the related shares of
common stock are issued to the Grantee. The additional payments pursuant to this provision shall be treated as a separate arrangement. 

3.    Clawback. The PSUs (or RSUs) are subject to the Compensation Recovery provisions of the Plan. In the event
Repay is required to provide an accounting restatement for any of the prior three fiscal years of Repay for which audited financial statements have been completed as a result of material noncompliance with financial reporting requirements under
federal securities laws (a “Restatement”), the amount of any Excess Compensation (as defined in the Plan) realized by an any Executive Officer shall be subject to recovery by Repay. 

4.    Compliance with Legal Requirements. The granting of the PSUs and the delivery of any shares of Common Stock
thereunder and any other obligations of Repay under this Award Document shall be subject to all applicable federal, state, local and foreign laws, rules and regulations and to such approvals by any regulatory or governmental agency as may be
required. 
 5.    Transferability. At all times prior to the settlement of the PSUs (or RSUs), the PSUs and RSUs
may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Grantee other than by will or by the laws of descent and distribution, and any such purported assignment, alienation, pledge, attachment, sale,
transfer or encumbrance shall be void and unenforceable against Repay or an Affiliate (or any successor thereof). 

6.    Waiver. Any right of Repay contained in this Agreement may be waived in writing by the Committee. No waiver
of any right hereunder by any party shall operate as a waiver of any other right, or as a waiver of the same right with respect to any subsequent occasion for its exercise, or as a waiver of any right to damages. 

7.    Severability. The invalidity or unenforceability of any provision of this Award Document shall not affect the
validity or enforceability of any other provision of this Award Document, and each other provision of this Agreement shall be severable and enforceable to the extent permitted by law. 

  
 5 

 8.    Employment. Nothing in the Plan or in this Award Document
shall be construed to imply or to constitute evidence of any agreement, express or implied, on the part of Repay or any Affiliate (or any successor thereof) to retain the Grantee in the employ of Repay or an Affiliate (or any successor thereof)
and/or as a member of Repay’s or any successor’s Board of Directors or in any other capacity. 

9.    Binding Effect. The terms of this Award Document shall be binding upon and shall inure to the benefit of
Repay, its successors and assigns, the Grantee and the beneficiaries, executors, administrators and heirs of the Grantee. 

10.    Entire Agreement. This Award Document and the Plan contain the entire agreement and understanding of the
parties hereto with respect to the subject matter contained herein and supersedes all prior communications, representations and negotiations in respect thereto. In the event of a conflict between the Plan and this Award Document, the terms of the
Plan shall control. No change, modification or waiver of any provision of this Award Document shall be valid unless the same be in writing and signed by the parties hereto, except for any changes permitted without consent of the Grantee under the
Plan. 
 11.    Governing Law. This Award Document shall, except to the extent preempted by federal law, be
construed and interpreted in accordance with the laws of the State of Delaware without regard to principles of conflicts of law thereof, or principles of conflicts of laws of any other jurisdiction which could cause the application of the laws of
any jurisdiction other than the State of Delaware. 
 12.    Section 409A. Notwithstanding any other provision of
this Award Document, it is intended that payments hereunder will not be considered deferred compensation within the meaning of Section 409A of the Code. For purposes of this Agreement, all rights to payments hereunder shall be treated as rights
to receive a series of separate payments and benefits to the fullest extent allowed by Section 409A of the Code. Payments hereunder are intended to satisfy the exemption from Section 409A of the Code for “short-term deferrals.”
Notwithstanding the foregoing, should any payments made in accordance with this Award Document to a “specified employee” (as defined under Section 409A of the Code) be determined to be payments from a nonqualified deferred
compensation plan subject to Section 409A of the Code that are payable in connection with the Grantee’s “separation from service” (as defined under Section 409A of the Code), and that are not exempt from Section 409A of
the Code as a short-term deferral or otherwise, such payments, to the extent otherwise payable within six (6) months after the Grantee’s separation from service, and to the extent necessary to avoid the imposition of taxes under
Section 409A of the Code, will be paid in a lump sum on the earlier of the date that is six (6) months and one day after the Grantee’s date of separation from service or the date of the Grantee’s death. 

13.    Counterparts. This Award Document may be executed in a number of counterparts, each of which shall be deemed
an original, but all of which together shall constitute one and the same instrument. 

  
 6 

 IN WITNESS WHEREOF, this Award Document has been executed on this     
day of             , 2020. 
  

			
	REPAY HOLDINGS CORPORATION
		
	By:	 	  

	Its [TITLE]
	
	ACKNOWLEDGED
		
	By:	 	  

		 	Grantee

  
 7 

 Attachment A 

Performance and Vesting Percentage 
  

					
	 TSR

Performance

(Percentage Rank)
	  	Vesting Percentage	 
	
75th Percentile or Higher
	  	 	200	% 
	 50th Percentile
	  	 	100	% 
	 25th Percentile
	  	 	50	% 
	 Below 25th Percentile
	  	 	0	% 

  
 8

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