SEC Contract Filing

Filing Date: 2018-11-21

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>9
<FILENAME>s114149_ex10-4.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
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<P STYLE="margin: 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.4</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES PURCHASE AGREEMENT</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: justify; text-indent: 24.5pt">THIS SECURITIES
PURCHASE AGREEMENT, dated as of November 15, 2018 (as it may from time to time be amended and including all schedules
referenced herein, this &ldquo;<B><I>Agreement</I></B>&rdquo;), is entered into by and between Boxwood Merger Corp., a
Delaware corporation (the &ldquo;<B><I>Company</I></B>&rdquo;), and Boxwood Sponsor, LLC, a Delaware limited liability
company (the &ldquo;<B><I>Purchaser</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt"> The Company intends
to consummate a public offering (the &ldquo;<B><I>Public Offering</I></B>&rdquo;) of the Company&rsquo;s units (the &ldquo;<B><I>Units</I></B>&rdquo;),
each Unit consisting of one share of the Company&rsquo;s Class A common stock, par value $0.0001 per share (a &ldquo;<B><I>Share</I></B>&rdquo;),
and one warrant. Each warrant entitles the holder to purchase one Share at an exercise price of $11.50 per Share. In connection
therewith, the Purchaser has agreed to purchase an aggregate of (i) 250,000 units, (the &ldquo;<B><I>Private Placement Units</I></B>&rdquo;),
each Private Placement Unit consisting of one Share and one warrant, and (ii) 3,500,000 warrants, or up to 4,100,000 warrants
if the Over-allotment Option is exercised in full (such warrants, together with the warrants included in the Private Placement
Units, the &ldquo;<B><I>Private Placement Warrants</I></B>&rdquo;), each Private Placement Warrant entitling the holder to purchase
one Share at an exercise price of $11.50 per Share. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">NOW THEREFORE, in
consideration of the mutual promises contained in this Agreement and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties to this Agreement hereby, intending legally to be bound, agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>AGREEMENT</U></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: justify"><B>Section 1. Authorization, Purchase and
Sale; Terms of the Securities.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">A. <U>Authorization
of the Securities</U>. The Company has duly authorized (i) the issuance and sale of the Private Placement Units and the Private
Placement Warrants to the Purchaser, and (ii) the issuance and sale of the securities underlying the Private Placement Units and
Private Placement Warrants, including the Shares included in the Private Placement Units (the &ldquo;<B><I>Private Placement Shares</I></B>&rdquo;),
the Private Placement Warrants included in the Private Placement Units as well as, upon proper exercise of the Private Placement
Warrants and against payment therefor, the Shares underlying the Private Placement Warrants (together with the Private Placement
Shares, the &ldquo;<B><I>Unit Shares</I></B>&rdquo;) (the aforenamed securities, collectively, the &ldquo;<B><I>Securities</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">B. <U>Purchase and
Sale of Securities</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt"> (i)&nbsp;Simultaneously
with the initial closing of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and
the Company (the &ldquo;<B><I>Initial Closing Date</I></B>&rdquo;), the Company shall issue and sell to the Purchaser, and the
Purchaser shall purchase from the Company, (A) 250,000 Private Placement Units at a price of $10.00 per Private Placement Unit
and (B) 3,500,000 Private Placement Warrants at a purchase price of $1.00 per Private Placement Warrant, for an aggregate purchase
price of $6,000,000, which shall be paid by wire transfer of immediately available funds in accordance with the Company&rsquo;s
wiring instructions. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt"> (ii) In the event
that the underwriters&rsquo