SEC Contract Filing

Filing Date: 2020-08-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>8
<FILENAME>ea125088ex10-6_megalith.htm
<DESCRIPTION>AGREEMENTTO TRANSFER SPONSOR SECURITIES, DATED AUGUST 5, 2020, BY AND AMONG SPONSOR, MEGALITH AND INVESTORS NAMEDTHEREIN
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.6</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>FORM
OF AGREEMENT TO TRANSFER SPONSOR SECURITIES</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">August
5, 2020</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>[Name
of Transferee]</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>[Address
of Transferee]</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ladies
and Gentlemen:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reference
is made to that certain (i) Subscription Agreement, dated as of August 5, 2020 (the &ldquo;<U>Subscription Agreement</U>&rdquo;),
by and among Megalith Financial Acquisition Corp., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;) and the undersigned
(the &ldquo;<U>Transferee</U>&rdquo;), (ii) the Letter Agreement, dated as of August 23, 2018 (the &ldquo;<U>Insider Letter</U>&rdquo;),
by and among the Company, MFA Investor Holdings LLC (&ldquo;<U>Sponsor</U>&rdquo;), and the members of Sponsor named therein and
(iii) the Warrant Agreement, dated August 23, 2018, by and between the Company and Continental Stock Transfer &amp; Trust Company,
as warrant agent (the &ldquo;<U>Warrant Agreement</U>&rdquo;). Unless otherwise defined herein, capitalized terms used herein
shall have the meanings ascribed thereto in the Subscription Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Sponsor, the Company,
[&#9679;] (&ldquo;<U>Investor</U>&rdquo;) and the Transferee hereby agree as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
 or prior to the execution of the Subscription Agreement, Investor shall deliver, or
 cause to be delivered, no less than 50% of the total funds committed to purchase Shares
 pursuant to the Subscription Agreement by Investor and/or its affiliates and/or managed
 fund(s) to an omnibus account controlled by Investor or an escrow account at a nationally
 recognized financial institution. Investor hereby commits to fund any shortfall between
 the funds held in such account and the total amount of Shares subscribed for by Investor
 and/or its affiliates and/or managed fund(s) pursuant to the Subscription Agreement at
 the Closing.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subject
 to, and effective with no further action by any party hereto (except as expressly provided
 herein), upon the consummation of the Transaction under the Transaction Agreement, the
 Spons