Document:

EX-10.4

 Exhibit 10.4 

EXECUTION VERSION 

FORFEITURE AGREEMENT 

March 25, 2021 
 Genesis Park Acquisition Corp.

 2000 Edwards Street, Suite B 
 Houston, Texas 77007 

Redwire, LLC 
 c/o AE Industrial Partners, LP 

N. Military Trail, Suite 470 
 Boca Raton, FL 33431 

Attn: Michael Greene and Kirk Konert 
 Cosmos Intermediate, LLC

 c/o AE Industrial Partners, LP 
 N. Military Trail, Suite 470

 Boca Raton, FL 33431 
 Attn: Michael Greene and Kirk Konert

 Re: Forfeiture of Private Placement Warrants 

Ladies and Gentlemen: 
 Reference is made to that certain
Agreement and Plan of Merger (the “Merger Agreement”), dated as of the date hereof, by and among Genesis Park Acquisition Corp., a Cayman Islands exempted company (“Acquiror”), Shepard Merger Sub
Corporation, a Delaware corporation and direct, wholly owned subsidiary of Acquiror (“Merger Sub”), Cosmos Intermediate, LLC, a Delaware limited liability company and direct, wholly owned subsidiary of Holdings (the
“Company”), and Redwire, LLC, a Delaware limited liability company (“Holdings”). 
 In order to induce
Redwire, the Company and Acquiror to enter into the Merger Agreement and to proceed with the transactions contemplated therein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Genesis Park
Holdings, a Cayman island limited liability company (“Sponsor”), Jefferies LLC (“Jefferies” and, together with Sponsor, the “Forfeiting Parties”), Acquiror, Holdings and
the Company hereby agree, pursuant to this letter agreement (this “Letter Agreement”), as follows: 
  

	 	1.	 Immediately prior to (and contingent upon) the Closing (as defined in the Merger Agreement) (the
“Forfeiture Time”), (x) Sponsor shall forfeit and surrender to Acquiror 1,886,000 warrants that Sponsor acquired in connection with Acquiror’s initial public offering pursuant to that certain Private Placement Warrants
Purchase Agreement, dated as of November 23, 2020, between Sponsor and Acquiror (such warrants, the “Sponsor Forfeited Private Placement Warrants”, and such forfeiture and surrender, the “Sponsor Warrant
Forfeiture”) for no consideration and (y) Jefferies shall forfeit and surrender to Acquiror 114,000 warrants that Jefferies acquired in connection with Acquiror’s initial public offering pursuant to that certain Private
Placement Warrants Purchase Agreement, dated as of November 23, 2020 between Jefferies and Acquiror for no consideration (such warrants forfeited and surrendered by Jefferies, together with the Sponsor Forfeited Private Placement Warrants, the
“Forfeited Private Placement Warrants”, and such forfeiture and surrender by Jefferies, together with the Sponsor Warrant Forfeiture, the “Forfeitures”). 

	 	2.	 To effect the Forfeitures, immediately prior to (and contingent upon) the Closing: (a) each Forfeiting
Party shall surrender their respective Forfeited Private Placement Warrants to Acquiror for cancellation and in exchange for no consideration; (b) Acquiror shall immediately retire and cancel all of the Forfeited Private Placement Warrants (and
shall direct Acquiror’s transfer agent (or such other intermediaries as appropriate) to take any and all such actions incident thereto); and (c) the Forfeiting Parties and Acquiror each shall take such actions as are necessary to
cause the Forfeiting Parties’ Forfeited Private Placement Warrants to be retired and canceled, after which such Forfeited Private Placement Warrants shall no longer be issued, outstanding, convertible, or exercisable, and each Forfeiting Party
and Acquiror shall provide Holdings and the Company with reasonable evidence that such retirement and cancellation has occurred. 

  

	 	3.	 Prior to the Closing, neither Forfeiting Party shall, directly or indirectly, transfer or otherwise dispose of
any of the Forfeited Private Placement Warrants held by it, other than pursuant to their respective Forfeitures. 

  

	 	4.	 Each Forfeiting Party hereby represents and warrants to Acquiror, Holdings and the Company, severally and not
jointly or jointly and severally, as of the date hereof and as of the Forfeiture Time, that such Forfeiting Party owns, and holds of record, all of its respective Forfeited Private Placement Warrants, free and clear of all liens or encumbrances in
respect of its respective Forfeited Private Placement Warrants (other than liens or encumbrances (i) under applicable securities laws or regulations, (ii) disclosed in the filings of Acquiror with the United States Securities and Exchange Commission
prior to the date hereof or (iii) imposed by the terms of such Forfeited Private Placement Warrants). 

  

	 	5.	 No party hereto shall assign this Agreement or any part hereof without the prior written consent of the other
parties hereto. Subject to the foregoing, this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective permitted successors and assigns. Any attempted assignment in violation of the terms hereof shall be
null and void, ab initio. 

  

	 	6.	 All notices and other communications among the parties hereto shall be in writing and shall be deemed to have
been duly given (i) when delivered in person, (ii) when delivered after posting in the United States mail having been sent registered or certified mail return receipt requested, postage prepaid, (iii) when delivered by FedEx or other nationally
recognized overnight delivery service or (iv) when e-mailed during normal business hours (and otherwise as of the immediately following business day) at the address set forth below such party’s name on the signature pages hereto.

  

	 	7.	 This Letter Agreement shall immediately terminate, without any further action by the parties hereto, at such
time, if at all, that the Merger Agreement is terminated in accordance with its terms or at such other time as each of the parties hereto shall agree in writing. 

 

	 	8.	 This Letter Agreement, and all claims or causes of action based upon, arising out of, or related to this
Agreement or the transactions contemplated hereby, shall be governed by, and construed in accordance with, the laws of the State of Delaware, without giving effect to principles or rules of conflict of laws to the extent such principles or rules
would require or permit the application of laws of another jurisdiction. 

  

	 	9.	 This Letter Agreement and, with respect to parties that are also parties to the Merger Agreement, the Merger
Agreement constitute the entire agreement among the parties relating to the transactions contemplated hereby and supersede any other agreements, whether written or oral, that may have been made or entered into by or among any of the parties or any
of their respective subsidiaries relating to the transactions contemplated hereby. No representations, warranties, covenants, understandings, agreements, oral or otherwise, relating to the transactions contemplated by this Letter Agreement exist
between the parties hereto except as expressly set forth or referenced in this Letter Agreement. 

  

	 	10.	 This Letter Agreement may be amended, waived or modified in whole or in part, only by a duly authorized
agreement in writing executed in the same manner as this Letter Agreement and which makes reference to this Letter Agreement. 

  
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	 	11.	 Nothing expressed or implied in this Letter Agreement is intended or shall be construed to confer upon or give
any person, other than the parties hereto, any right or remedies under or by reason of this Letter Agreement. 

  

	 	12.	 The parties hereto hereby agree and consent to be subject to the exclusive jurisdiction of the Court of
Chancery of the State of Delaware or, to the extent such court declines jurisdiction, first to any federal court, or second, to any state court, each located in Wilmington, Delaware, to the exclusion of other courts, and hereby waive the right to
assert the lack of personal or subject matter jurisdiction or improper venue in connection with any such suit, action or other proceeding. In furtherance of the foregoing, each of the parties hereto (a) waives the defense of inconvenient
forum, (b) agrees not to commence any suit, action or other proceeding arising out of this Letter Agreement or any transactions contemplated hereby other than in any such court, and (c) agrees that a final judgment in any such suit, action
or other proceeding shall be conclusive and may be enforced in other jurisdictions by suit or judgment or in any other manner provided by law or regulation. Nothing herein contained shall be deemed to affect the right of any party hereto to serve
process in any manner permitted by law or regulation or to commence legal proceedings or otherwise proceed against any other party hereto in any other jurisdiction, in each case, to enforce judgments obtained in any action or legal proceeding
brought pursuant to this paragraph 12. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION BASED UPON, ARISING OUT OF OR RELATED TO THIS LETTER AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. The parties
hereto agree that such court shall award to the prevailing party, if any, the costs and attorneys’ fees reasonably incurred by the prevailing party in connection with such action or legal proceeding under this paragraph 12 and the enforcement
of its rights under this Letter Agreement and, if such court determines a party to be the prevailing party under circumstances where the prevailing party won on some but not all of the claims and counterclaims, such court may award the prevailing
party an appropriate percentage of the costs and attorneys’ fees reasonably incurred by the prevailing party in connection with such action or legal proceeding and the enforcement of its rights under this Letter Agreement.

  

	 	13.	 This Letter Agreement and any amendments hereto may be executed in two or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and the same instrument. Any such counterpart, to the extent delivered by means of a facsimile machine or by .pdf, .tif, .gif, .jpeg or similar attachment to electronic mail
(any such delivery, an “Electronic Delivery”) shall be treated in all manner and respects as an original executed counterpart and shall be considered to have the same binding legal effect as if it were the original signed version
thereof delivered in person. At the request of any party hereto, each other party hereto shall re-execute the original form of this Letter Agreement and deliver such form to all other parties hetero or
thereto. No party hereto shall raise the use of Electronic Delivery to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of Electronic Delivery as a defense to the formation
of a contract, and each such party forever waives any such defense, except to the extent such defense relates to lack of authenticity. Minor variations in the form of the signature page, including footers from earlier versions of this Letter
Agreement or any such other document, will be disregarded in determining a party’s intent or the effectiveness of such signature. 

  

	 	14.	 If any provision of this Letter Agreement is held invalid or unenforceable by any court of competent
jurisdiction, the other provisions of this Letter Agreement shall remain in full force and effect. The parties hereto further agree that if any provision contained herein is, to any extent, held invalid or unenforceable in any respect under the laws
governing this Letter Agreement, they shall take any actions necessary to render the remaining provisions of this Letter Agreement valid and enforceable to the fullest extent permitted by law and, to the extent necessary, shall amend or otherwise
modify this Letter Agreement to replace any provision contained herein that is held invalid or unenforceable with a valid and enforceable provision giving effect to the intent of the parties hereto. 

  
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	 	15.	 The parties hereto agree that irreparable damage for which monetary damages, even if available, would not be an
adequate remedy, would occur in the event that the parties hereto do not perform their obligations under the provisions of this Letter Agreement (including failing to take such actions as are required of them hereunder to consummate this Letter
Agreement) or otherwise breach such provisions. The parties hereto acknowledge and agree that (i) the parties hereto shall be entitled to an injunction, specific performance, or other equitable relief, to prevent breaches of this Letter
Agreement and to enforce specifically the terms and provisions hereof and thereof, without proof of damages, prior to the valid termination of this Letter Agreement in accordance with paragraph 7 this being in addition to any other remedy to which
they are entitled under this Letter Agreement, and (ii) the right of specific enforcement is an integral part of the transactions contemplated by this Letter Agreement and without that right, none of the parties hereto would have entered into
this Agreement. Each party hereto agrees that it will not oppose the granting of specific performance and other equitable relief on the basis that the other parties hereto have an adequate remedy at law or that an award of specific performance is
not an appropriate remedy for any reason at law or equity. The parties hereto acknowledge and agree that any party hereto seeking an injunction to prevent breaches of this Letter Agreement and to enforce specifically the terms and provisions of this
Letter Agreement in accordance with this paragraph 15 shall not be required to provide any bond or other security in connection with any such injunction. 

  

	 	16.	 Subject in all respect to the last sentence of this paragraph 16, this Letter Agreement may only be enforced
against, and any claim or cause of action based upon, arising out of, or related to this Letter Agreement or the transactions contemplated hereby may only be brought against, the entities that are expressly named as parties hereto and then only with
respect to the specific obligations set forth herein with respect to such party hereto. Except to the extent a party hereto (and then only to the extent of the specific obligations undertaken by such party hereto in this Letter Agreement), (a) no
past, present or future director, officer, employee, incorporator, member, partner, stockholder, affiliate, agent, attorney, advisor or representative or affiliate of any party hereto and (b) no past, present or future director, officer,
employee, incorporator, member, partner, stockholder, Affiliate, agent, attorney, advisor or representative or affiliate of any of the foregoing shall have any liability (whether in contract, tort, equity or otherwise) for any one or more of the
representations, warranties, covenants, agreements or other obligations or liabilities of any one or more of the parties hereto under this Letter Agreement of or for any claim based on, arising out of, or related to this Agreement or the
transactions contemplated hereby. 

 [Signature pages follow] 

  
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	Sincerely,
	
	GENESIS PARK HOLDINGS
		
	By:	 	 /s/ Paul Hobby

	Name:	 	Paul Hobby
	Title:	 	Authorized Signatory
		
	Notice:	 	
	Genesis Park Holdings
	2000 Edwards Street, Suite B
	Houston, Texas 77007
	Attention: David Bilger
	Email: dbilger@genesis-park.com
	
	with a copy (which shall not constitute notice) to:
	
	Willkie Farr & Gallagher LLP
	787 Seventh Avenue
	New York, NY 10019
	Attn: William H. Gump and Jesse P. Myers
	E-mail: wgump@willkie.com and jmyers@willkie.com
	
	JEFFERIES LLC
		
	By:	 	 /s/ Scott M. Skidmore

	Name:	 	Scott M. Skidmore
	Title:	 	Managing Director
		
	Notice:	 	

 Signature Page to Forfeiture Agreement 

			
	AGREED AND ACKNOWLEDGED:
	
	GENESIS PARK ACQUISITION CORP.
		
	By:	 	 /s/ Jonathan E. Baliff

	Name:	 	Jonathan E. Baliff
	Title:	 	President

 Notice: 

Genesis Park Holdings 
 2000 Edwards Street, Suite B 

Houston, Texas 77007 
 Attention: David Bilger 

Email: dbilger@genesis-park.com 
 with a copy (which shall not
constitute notice) to: 
 Willkie Farr & Gallagher LLP 

787 Seventh Avenue 
 New York, NY 10019 

Attn: William H. Gump and Jesse P. Myers 
 E-mail: wgump@willkie.com and jmyers@willkie.com 
 Signature Page to Forfeiture Agreement 

			
	REDWIRE LLC
		
	By:	 	 /s/ Peter Cannito

	Name:	 	Peter Cannito
	Title:	 	Chief Executive Officer
	
	COSMOS INTERMEDIATE, LLC
		
	By:	 	 /s/ Peter Cannito

	Name:	 	Peter Cannito
	Title:	 	Chief Executive Officer

 Notice to Redwire LLC or Cosmos Intermediate, LLC: 

AE Industrial Partners, LP 
 N. Military Trail, Suite 470 

Boca Raton, FL 33431 
 Attn: Michael Greene and Kirk Konert 

E-mail: mgreene@aeroequity.com and kkonert@aeroequity.com 

with a copy (which shall not constitute notice) to: 

Kirkland & Ellis LLP 
 300 N. LaSalle 

Chicago, IL 60654 
 Attn: Jeremy S. Liss, P.C., Douglas C.
Gessner, P.C., 
 Robert M. Hayward, P.C., Matthew S. Arenson, P.C., 

Dan Hoppe and Alexander M. Schwartz 
 E-mail: jeremy.liss@kirkland.com, douglas.gessner@kirkland.com, 
 robert.hayward@kirkland.com,
matthew.arenson@kirkland.com, 
 dan.hoppe@kirkland.com and alexander.schwartz@kirkland.com 

Signature Page to Forfeiture AgreementExhibit 4.1

CYNERGISTEK, INC.

DESCRIPTION OF SECURITIES

The following description of the common stock of CynergisTek, Inc. (“us,” “our,” “we,” or the “Company”), which is the only security of the Company registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is a summary and does not purport to be complete. It is subject to and qualified in its entirety by reference to our certificate of incorporation, as amended, (“Certificate of Incorporation”) by-laws (“Bylaws”), which are incorporated as exhibits to this Annual Report on Form 10-K and are incorporated herein by reference herein. We encourage you to read our Certificate of Incorporation, our Bylaws, and the applicable provisions of the Delaware general corporate law for additional information.

General 

Our authorized capital stock consists of 33,333,333 shares of common stock, $0.001 par value per share, and no shares of preferred stock. 

The following is a summary of the material terms of our common stock. 

Common stock 

 

Listing

 

The common stock is listed on the NYSE American under the symbol “CTEK.”

 

Voting Rights

 

Each share of common stock entitles the holder to one vote on all matters submitted to a vote of the stockholders including the election of directors. According to our Bylaws, if a quorum is present, action on a matter by the stockholders is approved if the votes cast by the stockholders favoring the action exceed the votes cast opposing the action, unless the vote of a greater number of affirmative votes is required by statute or the Certificate of Incorporation, in which case such greater number of votes shall be required. Our Bylaws provide that a majority of the votes entitled to be cast on a matter by the stockholders constitutes a quorum of the stockholders for action on that matter. Our Bylaws also provide that any action required or permitted to be taken at a meeting of the stockholders may be taken without a meeting, if one or more written consents setting forth the action so taken shall be signed by stockholders holding at least a majority of the votes entitled to be cast at a meeting, unless the vote of a greater number of affirmative votes is required by statute or the Certificate of Incorporation, in which case the consent of the stockholders holding such greater number of votes shall be required.

 

As explained in more detail in our Bylaws, as amended, our directors are elected by a majority of votes cast at annual or special meetings.  In a contested election (i.e., where the number of nominees exceeds the number of directors to be elected), directors are elected by a plurality of the votes cast.  If an incumbent director is not elected by a majority of votes cast, the incumbent director is required to promptly tender his or her resignation to the board of directors for consideration.  Our nominating and corporate governance committee will make a recommendation to the board of directors on whether to accept or reject the resignation, or whether other action should be taken.  The board of directors, acting on such committee’s recommendation or on its own decision, as the case may be, will publicly disclose its decision and the rationale behind it within 90 days from the date of the certification of the election results.  Stockholders may not cumulate votes in the election of directors.

 

Dividend Rights

 

The holders of our common stock are entitled to receive the dividends as may be declared by our board of directors out of funds legally available for dividends. Our board of directors is not obligated to declare a dividend. Any future dividends will be subject to the discretion of our board of directors and will depend upon, 

Public release is allowed

among other things, future earnings, the operating and financial condition of our Company, its capital requirements, general business conditions and other pertinent factors. We have not paid any dividends since our inception and we do not anticipate that dividends will be paid in the foreseeable future.

 

Miscellaneous Rights and Provisions

 

Our common stock is not convertible or redeemable and has no preemptive, subscription or conversion rights. There are no conversions, redemption, sinking fund or similar provisions regarding our common stock.

 

Upon liquidation each outstanding share of common stock may participate pro rata in the assets remaining after payment of, or adequate provision for, all our known debts and liabilities.

 

Our common stock, after the fixed consideration thereof has been paid or performed, is not subject to assessment, and the holders of our common stock are not individually liable for the debts and liabilities of our Company.

 

Our Bylaws provide that our Bylaws may be altered, amended or repealed by the affirmative vote of a majority of the members of the board of directors then in office, or by the holders of a majority of the outstanding voting stock of the Company.

 

Anti-Takeover Provisions Under Delaware Law and our Certificate of Incorporation and Bylaws 

 

Certain provisions of Delaware law, our Certificate of Incorporation and our Bylaws, each as amended, contain provisions that could have the effect of delaying, deferring or discouraging another party from acquiring control of us. These provisions are expected to discourage coercive takeover practices and inadequate takeover bids. These provisions are also designed, in part, to encourage persons seeking to acquire control of us to first negotiate with our board of directors. We believe that the benefits of increased protection of our potential ability to negotiate with an unfriendly or unsolicited acquiror outweigh the disadvantages of discouraging a proposal to acquire us because negotiation of these proposals could result in an improvement of their terms, and increased value to our stockholders.  

 

Certificate of Incorporation and Bylaw Provisions

 

The following summary of certain provisions of our Certificate of Incorporation and Bylaws, each as amended, is not complete and is subject to, and qualified in its entirety by, our Certificate of Incorporation and Bylaws, each as amended, copies of which may be obtained as described in “Available Information.” Our Certificate of Incorporation, as amended, and Bylaws, as amended, include provisions that, among others, could have the effect of delaying deferring or discouraging potential acquisition proposals and could delay or prevent a change of control of the Company. Such provisions include:

 

·Under our Bylaws, as amended, special meetings of our stockholders may be called only by the vote of a majority of the entire board of directors, the chief executive officer or the chairman of the board of directors. Our stockholders may not call a special meeting of the stockholders.   

 

·Our Bylaws establish advance notice procedures with respect to stockholder proposals and the nomination of candidates for elections as directors, other than nominations made by or at the directions of our board of directors or a committee thereof. 

 

Delaware Law

 

Section 203 of the Delaware General Corporation Law prohibits a publicly held Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a period of three years after the date of the transaction in which the person became an interested stockholder, unless: (i) prior to such date, our board of directors approves either the business combination or the transaction that resulted in the stockholder’s becoming an interested stockholder; (ii) upon consummation of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owns at least 85% of our outstanding voting stock, excluding 

Public release is allowed

shares held by directors, officers and certain employee stock plans; or (iii) on or after the consummation date, the business combination is approved by our board of directors and by the affirmative vote at an annual or special meeting of stockholders holding at least two-thirds of our outstanding voting stock that is not owned by the interested stockholder.

 

For purposes of Section 203, a “business combination” includes, among other things, a merger, asset sale or other transaction resulting in a financial benefit to the interested stockholder. An “interested stockholder” is generally a person who, together with affiliates and associates of such person, (a) owns 15% or more of outstanding voting stock; or (b) is an affiliate or associate of ours and was the owner of 15% or more of our outstanding voting stock at any time within the prior three years.

 

A Delaware corporation may opt out of Section 203 with an express provision in its original Certificate of Incorporation or an express provision in its Certificate of Incorporation or Bylaws resulting from a stockholders’ amendment approved b at least a majority of the outstanding voting shares. We have not opted out of the provisions of Section 203. This statute could prevent or delay mergers or other takeover or change-of-control transactions for us and, accordingly, may discourage attempts to acquire us.

Transfer Agent and Registrar 

Colonial Stock Transfer Company, Inc. is the transfer agent and registrar for our common stock. 

Public release is allowed

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