SEC Contract Filing

Filing Date: 2018-06-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>6
<FILENAME>f8k0618ex10-4_hennessy.htm
<DESCRIPTION>SPONSOR WARRANT EXCHANGE AND SHARE FORFEITURE AGREEMENT
<TEXT>
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<P STYLE="margin-top: 0; text-align: right; margin-bottom: 0; font: 10pt Times New Roman, Times, Serif; margin-right: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.4</B></FONT></P>

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<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font: 10pt Times New Roman, Times, Serif; margin-right: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>SPONSOR
WARRANT EXCHANGE AND SHARE FORFEITURE AGREEMENT</U></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">June
25, 2018</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hennessy
Capital Acquisition Corp. III</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3485
N. Pines Way, Suite 110</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Wilson,
Wyoming 83014</FONT></P>

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

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 <TD STYLE="vertical-align: top; width: 0.25in; font: 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Re:</B></FONT></TD>
 <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exchange
 of Private Placement Warrants and Forfeiture of Founder Shares</B></FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ladies
and Gentlemen:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reference
is made to that certain Purchase Agreement, dated as of the date hereof (the &ldquo;Purchase Agreement&rdquo;), by and between
Hennessy Capital Acquisition Corp. III, a Delaware corporation (the &ldquo;Company&rdquo;), and JFL-NRC-SES Partners, LLC, a Delaware
limited liability company (the &ldquo;Seller&rdquo;). In order to facilitate the Company&rsquo;s purchase (the &ldquo;Acquisition&rdquo;)
of all of the issued and outstanding membership interests of NRC Group Holdings, LLC, a Delaware limited liability company, from
the Seller pursuant to the Purchase Agreement, and in order to induce the Company and the Seller to enter into the Purchase Agreement
and to proceed with the Acquisition and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Hennessy Capital Partners III LLC (&ldquo;HCP&rdquo;) has agreed to enter into this letter agreement (this &ldquo;Agreement&rdquo;)
relating to the exchange of 9,600,000 warrants sold to HCP by the Company in a private placement in connection with the Company&rsquo;s
initial public offering (the &ldquo;Private Placement Warrants&rdquo;) for 1,920,000 newly issued shares of common stock, par
value $0.0001 per share, of the Company (the &ldquo;Common Stock&rdquo;) and transfer by HCP to the Company for forfeiture of
an equivalent number of existing shares of Common Stock held by HCP. Capitalized terms used and not otherwise defined herein are
defined in the Purchase Agreement and shall have the meanings given to such terms in the Purchase Agreement.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">HCP
and the Company hereby agree as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif;