Document:

Exhibit 10.8

 

FINSERV HOLDINGS II LLC

 

January 29, 2021

 

Dear Finserv Holdings II LLC,

 

This letter agreement
sets forth the terms of the agreement between Finserv Holdings II LLC, a Delaware limited liability company (the “Company”),
and certain investment funds and managed accounts managed by or affiliated with the undersigned subscriber (“Subscriber”).
The Company is the sponsor of FinServ Acquisition Corp. II (the “SPAC”), a Delaware corporation and a blank
check company formed for the purpose of acquiring one or more businesses or entities (a “Business Combination”),
which intends to register its securities under the Securities Act of 1933, as amended (the “Securities Act”),
in connection with its initial public offering (“IPO”). 100% of the Founder Shares (as hereinafter defined)
are, and as of the date of the Business Combination will be, held by the Company. If the IPO has not been consummated by May 31,
2021, then this letter shall automatically terminate and be of no further force or effect.

 

Subscriber (i) commits
to purchase limited liability company interests (“LLC Interests”) of the Company for an aggregate purchase price
as set forth below and (ii) hereby expresses an interest to purchase up to [__]% of the number of units of the SPAC (each unit
consisting of one share of Class A common stock and one-quarter of one warrant, with each whole warrant exercisable to purchase
one share of Class A common stock of the SPAC at $11.50 per share) that are sold to the public in the IPO (excluding any units
sold by virtue of the underwriters’ exercise of their over-allotment option and excluding any additional units resulting
from an increase of the base IPO size above $250,000,000) (the “Purchased Public Units”). Assuming a base IPO
size of $250,000,000, and the purchase of [________] units by the Subscriber (representing [__]% of the base IPO without regard
to the over-allotment option or any increase in the base IPO size above $250,000,000), the Subscriber purchase price of the LLC
Interests would be $[______]. In conjunction with such purchase of LLC Interests, the Amended and Restated Limited Liability Company
Operating Agreement of the Company (to be effective concurrently with the pricing of the IPO) (the “Operating Agreement”)
will reflect the allocation to Subscriber of an indirect ownership interest in (i) [_____] private placement units of the SPAC,
with each unit consisting of one share of Class A common stock of the SPAC and one-quarter of one warrant (with each whole warrant
exercisable to purchase one share of Class A common stock of the SPAC at $11.50 per share), to be purchased by the Company at the
time of the IPO (the “Private Placement Units”) and (ii) [_______] shares of Class B common stock of the SPAC
currently held by the Company (“Founder Shares”). Notwithstanding the foregoing, in the event Subscriber indicates
an offer to purchase at least [_______] of the units sold in the IPO ([__]% of the base IPO size), but is allocated less than such
amount, then (i) the allocations of Founder Shares and Private Placement Units set forth in the preceding sentence shall be reduced
on a pro rata basis, and (ii) a pro rata portion of the purchase price shall be returned to Subscriber. If Subscriber indicates
an offer to purchase less than [_______] units sold in the IPO, then Subscriber’s allocations of Founder Shares and Private
Placement Units shall each be reduced to zero (0) and 100% of the purchase price shall be returned to Subscriber. In addition,
if on either the date of the vote by the SPAC’s stockholders to approve the Business Combination or the business day immediately
prior to the closing of the Business Combination, Subscriber (i) elects to redeem any portion of the Class A common stock underlying
its Purchased Public Units in connection with the initial business combination of the SPAC (or otherwise at any time prior to the
liquidation of the SPAC if a business combination is not timely consummated) or (ii) fails to beneficially own or hold, directly
or indirectly, including through any firm commitments to purchase, a number of shares of Class A common stock of the SPAC at least
equal to the number of shares of Class A common stock underlying the number of Purchased Public Units it purchased in connection
with the IPO, then the allocation of Founder Shares to Subscriber shall be reduced to a proportionate number of Founder Shares
equal to the percentage of the Class A common stock underlying its Purchased Public Units at such time over the total number of
shares of Class A common stock underlying its Purchased Public Units purchased at the time of the IPO, such that if Subscriber
elects to redeem 100% of the Class A common stock underlying its Purchased Public Units, then the allocation of Founder Shares
allocated to Subscriber shall be reduced to zero (0). Capitalized terms not defined herein shall have the meanings set forth in
the Operating Agreement.

 

     

     

    

 

Each Private Placement
Unit consists of one share of Class A common stock and one-quarter of one warrant to purchase one share of Class A common stock
of the SPAC at an exercise price of $11.50 per share. Subscriber will fund 100% of the purchase price of the LLC Interests in escrow
to the Company five days before the closing of the IPO, which funding date shall be specified in writing (which writing may be
via electronic mail) from the Company to Subscriber at least three business days in advance of such funding date. The purchase
price shall not be returned unless the IPO does not close for any reason as contemplated by the last sentence of this paragraph.
The purchase price shall be deposited by the Company into the SPAC upon the closing of the IPO. The Founder Shares and Private
Placement Units do not participate in the trust fund (“Trust Fund”) established by the SPAC for the benefit
of its public shareholders to be described in the SPAC’s registration statement to be filed in connection with the IPO (“Registration
Statement”) and in the event the SPAC does not consummate an initial Business Combination, will expire worthless. The
Company will retain voting and dispositive power over Subscriber’s Founder Shares and Private Placement Units until the consummation
of the Business Combination, following which time the Company will distribute such securities to Subscriber (subject to applicable
lock-up or escrow restrictions, as described below or pursuant to the terms of the Business Combination) as described in the Operating
Agreement. If the SPAC does not consummate the IPO for any reason, any portion of the aggregate purchase price already funded will
be returned to Subscriber promptly, without interest.

 

Substantially concurrently
with the execution of this letter, the Company is entering into separate letter agreements with other “anchor investor”
subscribers (collectively, the “Other Subscription Agreements”) in respect of LLC Interests of the Company.
The Company represents that the Other Subscription Agreements reflect the same subscription price per LLC Interest and other terms
with respect to the purchase of the LLC Interests that are no more favorable to such other “anchor investor” subscribers
thereunder than the terms of this letter agreement. However, Subscriber agrees and understands that other investors in the Company
who are not “anchor investors” may have terms that are more favorable than those set forth herein.

 

Subscriber acknowledges
that, if in the course of the IPO, the underwriter determines that fewer Private Placement Units will be purchased by the Company
in order to consummate the IPO based on market conditions at that time (for example, because the underwriters have decided to reduce
the proposed IPO offering size below $250,000,000), and unless otherwise agreed by the Managing Member (as defined below) and Subscriber,
Subscriber’s allocation of Private Placement Units and Founder Shares as described in this letter shall be reduced proportionately,
and the portion of the aggregate purchase price representing the reduction in Private Placement Units and Founders Shares shall
be refunded to Subscriber promptly following the consummation of the IPO. Subscriber acknowledges that certain members may have
received disproportionate amounts of Founder Shares and Private Placement Units based on their respective investments in the Company.

 

The consummation of
the purchase by Subscriber of the LLC Interests shall occur simultaneously with the consummation of the IPO.

 

Other than with respect
to return of the purchase price, or a portion thereof, as contemplated herein, Subscriber agrees that, in consideration of the
subscription for LLC Interests as contemplated hereby, it does not have any right, title, interest or claim of any kind in or to
any monies of the Trust Fund (“Claim”) and hereby waives any Claim it may have in the future against the Company
and the SPAC and will not seek recourse against the Trust Fund for any reason whatsoever (except in respect of any shares of Class
A common stock of the SPAC purchased directly by Subscriber in the IPO or in the open market).

 

The Private Placement
Units and Founder Shares allocated to the LLC Interests will be identical to the warrants and the shares of common stock included
in the units to be sold by the SPAC in the IPO, except that:

 

		●	the Company has agreed to vote the Founder Shares in favor of any proposed Business Combination;

 

    2

     

    

 

		●	all Founder Shares and Private Placement Units (and the securities underlying the Private Placement
Units) will be subject to certain lock-up provisions (including those described in the Registration Statement and any additional
lock-up provisions that may be agreed to in connection with a Business Combination), which lock-up provisions may extend beyond
the distribution by the Company to Subscriber of its Private Placement Units and Founder Shares following the consummation of the
Business Combination;

 

		●	the Private Placement Units (and the securities underlying the Private Placement Units) and Founder
Shares will be subject to customary registration rights, which shall be described in the Registration Statement;

 

		●	Subscriber will not participate in any liquidation distribution with respect to the Private Placement
Units and Founder Shares (but will participate in liquidation distributions with respect to any units or shares of Class A common
stock of the SPAC purchased directly by Subscriber in the IPO or in the open market) if the SPAC fails to consummate a Business
Combination; and

 

		●	the Private Placement Units and Founder Shares will include any additional terms or restrictions
as are customary in other similarly structured blank check company offerings or as may be reasonably required by the underwriters
in the IPO in order to consummate the IPO, each of which terms or restrictions will be set forth in the Registration Statement.

 

Following the distribution
of the Private Placement Units to Subscriber, so long as the warrants included in the Private Placement Units continue to be held
by Subscriber or its permitted transferees, the SPAC will not redeem such warrants and will permit Subscriber or its permitted
transferees to exercise such warrants on a cashless basis.

 

    3

     

    

 

Subscriber acknowledges
that pursuant to the Operating Agreement, if prior to a Business Combination, the Company’s managing member (the “Managing
Member”) deems it necessary in order to facilitate a Business Combination by the SPAC for the Company to forfeit, transfer,
exchange or amend the terms of all or any portion of the Founder Shares or Private Placement Units or to enter into any other arrangements
with respect to the Founder Shares or Private Placement Units (including, without limitation, the transfer of LLC Interests of
the Company representing an interest in any of the foregoing) to facilitate the consummation of such Business Combination, including
voting in favor of any amendment to the terms of the Founder Shares or Private Placement Units (each, a “Change in Investment”),
the Managing Member shall enter into any such agreement or arrangement involving a Change in Investment, vote in favor of any proposal
involving a Change in Investment or otherwise facilitate or take any action to affect or permit any Change in Investment without
the consent of any other member of the Company; except in the event of a disproportionate Change in Investment affecting an individual
member or group of members of the Company, in which case the written consent of such disproportionately affected individual member
or group of members shall be required. The Managing Member shall provide written notice to the Subscriber or its permitted transferees
in the event of any Change in Investment. Further, in the event Founder Shares, Private Placement Units or any other securities
held by the Company are forfeited or transferred as part of such Business Combination, the Managing Member shall allocate such
forfeited or transferred securities among the members of the Company on a pro rata basis according to the percentage interest(s)
to which such securities relate.

 

Subscriber acknowledges
and agrees that it will execute agreements in form and balance typical for transactions of this nature necessary to effectuate
the foregoing agreements and obligations prior to the consummation of the IPO as are reasonably acceptable to Subscriber, including
but not limited to (i) a registration rights agreement and (ii) the Operating Agreement provided that Subscriber will be given
advance notice and an opportunity to review and comment on such agreements and obligations in advance of their execution.

 

Subscriber hereby represents
and warrants that, as applicable:

 

		(a)	it has been advised that the LLC Interests, Founder Shares and Private Placement Units have not
been registered under the Securities Act;

 

		(b)	it is acquiring the LLC Interests and the Founder Shares and Private Placement Units represented
thereby for its own account for investment purposes only;

 

		(c)	it has no present intention of selling or otherwise disposing of LLC Interests or the Founder Shares
and Private Placement Units represented thereby in violation of the securities laws of the United States;

 

		(d)	it is an “accredited investor” as defined by Rule 501 of Regulation D promulgated under
the Securities Act;

 

		(e)	it has, if required to do so, completed an IRS Form W-9 or Form W-8BEN (or similar form), as applicable;

 

		(f)	it has had both the opportunity to ask questions and receive answers from the officers and directors
of the Company and the SPAC and all persons acting on its behalf concerning the terms and conditions of the offer made hereunder;

 

		(g)	it is familiar with the proposed business, management, financial condition and affairs of the Company
and the SPAC;

 

		(h)	it has full power, authority and legal capacity to execute and deliver this letter and any documents
contemplated herein or needed to consummate the transactions contemplated in this letter;

 

		(i)	this letter constitutes its respective legal, valid and binding obligation, and is enforceable
against it; and

 

		(j)	Subscriber is not, and is not acting as, an agent, representative, intermediary or nominee for
any person identified on the list of blocked persons maintained by the Office of Foreign Assets Control of the U.S. Treasury Department;
and Subscriber has complied with all applicable U.S. laws, regulations, directives and executive orders relating to anti-money
laundering.

 

-the remainder of this page is intentionally
left blank-

 

    4

     

    

 

	 	Very truly yours,
	 	 
	 	NAME OF SUBSCRIBER
	 	 
	 	[______________]
	 	 
	 	By:	                  
	 	 	Name:
	 	 	Title:

 

	Accepted and Agreed:	 
	 	 
	FINSERV HOLDINGS II LLC	 
	 	 	 
	By: 	 	 
	 	Lee Einbinder	 
	 	Managing Member	 

 

 

5EX-10.6

 Exhibit 10.6 

THIS PROMISSORY NOTE (“NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS NOTE HAS
BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY
THAT SUCH REGISTRATION IS NOT REQUIRED. 
 AMENDED AND RESTATED PROMISSORY NOTE 

 

			
	Principal Amount: Up to $300,000	  	Dated as of December 31, 2020
		  	New York, New York

 Haymaker Acquisition Corp. III, a Delaware corporation and blank check company (the “Maker”),
promises to pay to the order of Haymaker Sponsor III LLC or its registered assigns or successors in interest (the “Payee”), or order, the principal sum of up to Three Hundred Thousand Dollars ($300,000) in lawful money of the United
States of America, on the terms and conditions described below. All payments on this Note shall be made by check or wire transfer of immediately available funds or as otherwise determined by the Maker to such account as the Payee may from time to
time designate by written notice in accordance with the provisions of this Note. 
 1. Principal. The principal balance of this Note shall be
payable by the Maker on the earlier of: (i) June 30, 2021 or (ii) the date on which Maker consummates an initial public offering of its securities. The principal balance may be prepaid at any time. Under no circumstances shall any
individual, including but not limited to any officer, director, employee or shareholder of the Maker, be obligated personally for any obligations or liabilities of the Maker hereunder. 

2. Interest. No interest shall accrue on the unpaid principal balance of this Note. 

3. Drawdown Requests. Maker and Payee agree that Maker may request up to Three Hundred Thousand Dollars ($300,000) for costs reasonably related
to Maker’s initial public offering of its securities. The principal of this Note may be drawn down from time to time prior to the earlier of: 
 (i)
June 30, 2021 or (ii) the date on which Maker consummates an initial public offering of its securities, upon written request from Maker to Payee (each, a “Drawdown Request”). Each Drawdown Request must state the amount to
be drawn down, must not be an amount less than Ten Thousand Dollars ($10,000) unless agreed upon by Maker and Payee and shall be reflected on Schedule A. Payee shall fund each Drawdown Request no later than five (5) business days after receipt
of a Drawdown Request; provided, however, that the maximum amount of drawdowns collectively under this Note is Three Hundred Thousand Dollars ($300,000). Once an amount is drawn down under this Note, it shall not be available for future Drawdown
Requests even if prepaid. No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker. Notwithstanding the foregoing, all payments shall be applied first to payment in full of any
costs incurred in the collection of any sum due under this Note, including (without limitation) reasonable attorneys’ fees, and then to the reduction of the unpaid principal balance of this Note. 

4. Application of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection of any sum due under
this Note, including (without limitation) reasonable attorney’s fees, then to the payment in full of any late charges and finally to the reduction of the unpaid principal balance of this Note. 

5. Events of Default. The following shall constitute an event of default (“Event of Default”): 

(a) Failure to Make Required Payments. Failure by Maker to pay the principal amount due pursuant to this Note within five
(5) business days of the date specified above. 
 (b) Voluntary Bankruptcy, Etc. The commencement by Maker of a voluntary case
under any applicable bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar
official) of Maker or for any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action by
Maker in furtherance of any of the foregoing. 

 (c) Involuntary Bankruptcy, Etc. The entry of a decree or order for relief by a court
having jurisdiction in the premises in respect of Maker in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official)
of Maker or for any substantial part of its property, or ordering the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60
consecutive days. 
 6. Remedies. 
 (a)
Upon the occurrence of an Event of Default specified in Section 5(a) hereof, Payee may, by written notice to Maker, declare this Note to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts
payable hereunder, shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the documents evidencing the same to the contrary
notwithstanding. 
 (b) Upon the occurrence of an Event of Default specified in Sections 5(b) and 5(c), the unpaid principal balance of this
Note, and all other sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without any action on the part of Payee. 

7. Waivers. Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor,
protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws
exempting any property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution, or providing for any stay of execution, exemption from civil process, or extension of
time for payment; and Maker agrees that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof or any writ of execution issued hereon, may be sold upon any such writ in whole or in part in any order desired by
Payee. 
 8. Unconditional Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or
enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or
modification granted or consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect to the payment or other provisions of this Note, and agrees that additional
makers, endorsers, guarantors, or sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder. 
 9.
Notices. All notices, statements or other documents which are required or contemplated by this Note shall be made in writing and delivered: 
 (i)
personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such
other address or fax number as may be designated in writing by such party or (iii) by electronic mail, to the electronic mail address most recently provided to such party or such other electronic mail address as may be designated in writing by
such party. Any notice or other communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt of written confirmation, if sent by facsimile or electronic
transmission, one (1) business day after delivery to an overnight courier service or five (5) days after mailing if sent by mail. 

10. Construction. THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF DELAWARE, WITHOUT REGARD TO CONFLICT OF LAW
PROVISIONS THEREOF. 
 11. Severability. Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall,
as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. 

 12. Trust Waiver. Notwithstanding anything herein to the contrary, the Payee hereby waives any
and all right, title, interest or claim of any kind (“Claim”) in or to any distribution of or from the trust account to be established in which the proceeds of the initial public offering (the “IPO”) to be conducted
by the Maker (including the deferred underwriters discounts and commissions) and the proceeds of the sale of the warrants to be issued in a private placement to occur prior to the closing of the IPO are to be deposited, as described in greater
detail in the registration statement and prospectus to be filed with the Securities and Exchange Commission in connection with the IPO, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the trust
account for any reason whatsoever. 
 13. Amendment; Waiver. Any amendment hereto or waiver of any provision hereof may be made with, and only
with, the written consent of the Maker and the Payee. 
 14. Assignment. No assignment or transfer of this Note or any rights or obligations
hereunder may be made by any party hereto (by operation of law or otherwise) without the prior written consent of the other party hereto and any attempted assignment without the required consent shall be void. 

 IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this Note
to be duly executed by the undersigned as of the day and year first above written. 
  

					
	HAYMAKER ACQUISITION CORP. III
		
	By:	 	 /s/ Steven J. Heyer

		 	Name:	 	Steven J. Heyer
		 	Title:	 	Chief Executive Officer

 Schedule A 
  

									
	 Date of Drawdown
	  	Amount	 	  	Use of Funds

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