Exhibit 10.7


 


Foley
Trasimene Acquisition Corp. II

1701 Village Center Circle


Las Vegas, NV 89134


 


July 17, 2020


 


Trasimene Capital FT, LP II


1701 Village Center Circle


Las Vegas, NV 89134


 


RE:     Securities
Subscription Agreement


 


Ladies and Gentlemen:


 


This agreement (this “Agreement”)
is entered into on July 17, 2020 by and between, Trasimene Capital FT, LP II, a Delaware limited partnership (the “Subscriber”),
and Foley Trasimene Acquisition Corp. II, a Delaware corporation (the “Company”). Pursuant to the terms hereof,
the Company hereby accepts the offer the Subscriber has made to subscribe for and purchase 34,500,000 shares of Class B common
stock, $0.001 par value per share, of the Company (the “Shares”), up to 4,500,000 of which are subject to complete
or partial forfeiture by the Subscriber if the underwriters of the initial public offering (“IPO”) of units
(“Units”) of the Company do not fully exercise their over-allotment option (the “Over-allotment Option”).
The terms on which the Company is willing to sell the Shares to the Subscriber, and the Company and the Subscriber’s agreements
regarding such Shares, are as follows:


 


		1.	Subscription and Purchase of Shares. The Subscriber has delivered to the Company the sum of $25,000 (the “Purchase
Price”), which the Company acknowledges receiving in cash, the Company hereby sells and issues the Shares to the Subscriber,
and the Subscriber hereby subscribes for and purchases the Shares from the Company, 4,500,000 of which are subject to forfeiture
by the Subscriber on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s
execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in such Subscriber’s
name representing the Shares (the “Original Certificate”), or effect such delivery in book-entry form.



 


		2.	Representations, Warranties and Agreements.



 


		2.1.	Subscriber’s Representations, Warranties and Agreements. To induce the Company to issue the Shares to the Subscriber,
the Subscriber hereby represents and warrants to the Company and agrees with the Company as follows:



 


		2.1.1.	No Government Recommendation or Approval. The Subscriber understands that no federal or state agency has passed upon
or made any recommendation or endorsement of the offering of the Shares.



 






     


     


    

 


		2.1.2.	No Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Subscriber of the
transactions contemplated hereby do not violate, conflict with or constitute a default under (i) the formation and governing
documents of such Subscriber, (ii) any agreement, indenture or instrument to which such Subscriber is a party or (iii) any
law, statute, rule or regulation to which such Subscriber is subject, or any agreement, order, judgment or decree to which
such Subscriber is subject.



 


		2.1.3.	Organization and Authority. The Subscriber is a Delaware limited partnership, validly existing and in good standing
under the laws of Delaware and possessing all requisite power and authority necessary to carry out the transactions contemplated
by this Agreement. Upon execution and delivery by the Subscriber, this Agreement will be a legal, valid and binding agreement of
such Subscriber, enforceable against such Subscriber in accordance with its terms, except as such enforceability may be limited
by applicable bankruptcy, insolvency, fraudulent conveyance or similar laws affecting the enforcement of creditors’ rights
generally and subject to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in
equity).



 


		2.1.4.	Experience, Financial Capability and Suitability. The Subscriber is: (i) sophisticated in financial matters and
is able to evaluate the risks and benefits of the investment in the Shares and (ii) able to bear the economic risk of its
investment in the Shares for an indefinite period of time because the Shares have not been registered under the Securities Act
(as defined below) and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such
registration is available. The Subscriber is capable of evaluating the merits and risks of its investment in the Company and has
the capacity to protect its own interests. The Subscriber must bear the economic risk of this investment until the Shares are sold
pursuant to: (i) an effective registration statement under the Securities Act or (ii) an exemption from registration
available with respect to such sale. The Subscriber is able to bear the economic risks of an investment in the Shares and to afford
a complete loss of such Subscriber’s investment in the Shares.



 


		2.1.5.	Access to Information; Independent Investigation. Prior to the execution of this Agreement, the Subscriber has had the
opportunity to ask questions of and receive answers from representatives of the Company concerning an investment in the Company,
as well as the finances, operations, business and prospects of the Company, and the opportunity to obtain additional information
to verify the accuracy of all information so obtained. In determining whether to make this investment, the Subscriber has relied
solely on such Subscriber’s own knowledge and understanding of the Company and its business based upon such Subscriber’s
own due diligence investigation and the information furnished pursuant to this paragraph. The Subscriber understands that no person
has been authorized to give any information or to make any representations which were not furnished pursuant to this Section 2
and the Subscriber has not relied on any other representations or information in making its investment decision, whether written
or oral, relating to the Company, its operations and/or its prospects.



 






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		2.1.6.	Regulation D Offering. The Subscriber represents that it is an “accredited investor” as such term is defined
in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”),
and acknowledges the sale contemplated hereby is being made in reliance on a private placement exemption to “accredited investors”
within the meaning of Section 501(a) of Regulation D under the Securities Act or similar exemptions under federal and
state law.



 


		2.1.7.	Investment Purposes. The Subscriber is subscribing for and purchasing the Shares
                                                                                    solely for investment purposes, for such Subscriber's own account and not for the account or benefit of any other person,
                                                                                    and not with a view towards the distribution or dissemination thereof. Neither the Subscriber nor any of its officers,
                                                                                    managers, employees, agents or members has either directly or indirectly, including through a broker or finder (i) to
                                                                                    its knowledge, engaged in any general solicitation, or (ii) published any general advertisement in connection with
                                                                                    the offer and sale of the Shares.



 


		2.1.8.	Restrictions on Transfer; Shell Company. The Subscriber understands the Shares are being offered in a transaction not
involving a public offering within the meaning of the Securities Act. The Subscriber understands the Shares will be “restricted
securities” within the meaning of Rule 144(a)(3) under the Securities Act, and the Subscriber understands that
the certificates representing the Shares will contain a legend in respect of such restrictions. If in the future the Subscriber
decides to offer, resell, pledge or otherwise transfer the Shares, such Shares may be offered, resold, pledged or otherwise transferred
only pursuant to: (i) registration under the Securities Act, or (ii) an available exemption from registration. The Subscriber
agrees that if any transfer of its Shares or any interest therein is proposed to be made, as a condition precedent to any such
transfer, such Subscriber may be required to deliver to the Company an opinion of counsel satisfactory to the Company. Absent registration
or an exemption, the Subscriber agrees not to resell the Shares. The Subscriber further acknowledges that because the Company is
a shell company, Rule 144 may not be available to such Subscriber for the resale of the Shares until one year following consummation
of the initial business combination of the Company, despite technical compliance with the requirements of Rule 144 and the
release or waiver of any contractual transfer restrictions.



 


		2.1.9.	No Governmental Consents. No governmental, administrative or other third party consents or approvals are required, necessary
or appropriate on the part of the Subscriber in connection with the transactions contemplated by this Agreement.



 






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		2.2.	Company’s Representations, Warranties and Agreements. To induce the Subscriber to subscribe for and purchase the
Shares, the Company hereby represents and warrants to the Subscriber and agrees with the Subscriber as follows:



 


		2.2.1.	Organization and Corporate Power. The Company is a Delaware corporation and is qualified to do business in every jurisdiction
in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating
results or assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the
transactions contemplated by this Agreement.  Upon execution and delivery by the Company, this Agreement will be a legal,
valid and binding agreement of the Company, enforceable against the Company in accordance with its terms, except as such enforceability
may be limited by applicable bankruptcy, insolvency, fraudulent conveyance or similar laws affecting the enforcement of creditors’
rights generally and subject to general principles of equity (regardless of whether enforcement is sought in a proceeding at law
or in equity).



 


		2.2.2.	No Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Company of the transactions
contemplated hereby do not violate, conflict with or constitute a default under (i) the certificate of incorporation (the
 “Charter”) or bylaws of the Company, (ii) any agreement, indenture or instrument to which the Company is
a party or (iii) any law, statute, rule or regulation to which the Company is subject, or any agreement, order, judgment
or decree to which the Company is subject.



 


		2.2.3.	Title to Shares. Upon issuance in accordance with, and payment pursuant to, the terms hereof, and the Charter, the Shares
will be duly and validly issued, fully paid and nonassessable. Upon issuance in accordance with, and payment pursuant to, the terms
hereof, and the Charter, the Subscriber will have or receive good title to the Shares, free and clear of all liens, claims and
encumbrances of any kind, other than (a) transfer restrictions hereunder and under the other agreements to which the Shares
may be subject, (b) transfer restrictions under federal and state securities laws, and (c) liens, claims or encumbrances
imposed due to the actions of such Subscriber.



 


		2.2.4.	No General Solicitation. Neither the Company, nor any of its officers, directors,
                                                                                    employees, agents or stockholders has either directly or indirectly, including, through a broker or finder
                                                                                    (i) engaged in any general solicitation, or (ii) published any general advertisement in connection with the
                                                                                    offer and sale of the Securities.



 


		2.2.5.	No Adverse Actions. There are no actions, suits, investigations or proceedings pending, threatened against or affecting
the Company which: (i) seek to restrain, enjoin, prevent the consummation of or otherwise affect the transactions contemplated
by this Agreement or (ii) question the validity or legality of any transactions or seeks to recover damages or to obtain other
relief in connection with any transactions.



 


		2.2.6.	Authorization. The shares of Class A Common Stock issuable upon conversion of the Shares have been duly
                                                                  authorized and reserved for issuance upon such conversion.



 






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		3.	Forfeiture of Shares.



 


		3.1.	Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the representative(s) of
the underwriters of the Company’s IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable,
it and any transferees of Shares) shall forfeit any and all rights to such number of Shares (up to 4,500,000 Shares for the Subscriber)
and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately following such forfeiture,
the Subscriber (and any such transferees and all other initial stockholders prior to the IPO, if any) will own an aggregate number
of Shares (not including shares of common stock issuable upon exercise of any warrants or any shares of common stock subscribed
for and purchased by the Subscriber in the Company’s IPO or in the aftermarket) equal to 20% of the issued and outstanding
shares of common stock of the Company immediately following the IPO.



 


		3.2.	Termination of Rights as Stockholder. If any of the Shares are forfeited by the Subscriber in accordance with this Section 3,
then after such time such Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited
Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.



 


		3.3.	Share Certificates. In the event an adjustment to the Original Certificates, if any, for the Subscriber is required
pursuant to this Section 3, then such Subscriber shall return such Original Certificates to the Company or its designated
agent as soon as practicable upon its receipt of notice from the Company advising such Subscriber of such adjustment, following
which a new certificate (the “New Certificate”), if any, shall be issued in such amount representing the adjusted
number of Shares held by such Subscriber. The New Certificate, if any, shall be returned to such Subscriber as soon as practicable.
Any such adjustment for any uncertificated securities held by the Subscriber shall be made in book-entry form.



 


		4.	Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares subscribed for and purchased pursuant
to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions
by the Company from the trust account which will be established for the benefit of the Company’s public stockholders and
into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event
of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes
of clarity, in the event the Subscriber subscribes for and purchases shares of common stock in the IPO or in the aftermarket, any
additional Shares so subscribed for and purchased shall be eligible to receive any liquidating distributions by the Company. However,
in no event will the Subscriber have the right to redeem any shares of common stock held by such Subscriber into funds held in
the Trust Account upon the successful completion of an initial business combination.



 






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		5.	Restrictions on Transfer.



 


		5.1.	Securities Law Restrictions. In addition to any restrictions to be contained in that certain letter agreement (commonly
known as an “Insider Letter”) to be dated as of the closing of the IPO by and among the Subscriber and the Company,
the Subscriber agrees not to sell, transfer, pledge, hypothecate or otherwise dispose of all or any part of the Shares unless,
prior thereto (a) a registration statement on the appropriate form under the Securities Act and applicable state securities
laws with respect to the Shares proposed to be transferred shall then be effective or (b) the Company has received an opinion
from counsel reasonably satisfactory to the Company, that such registration is not required because such transaction is exempt
from registration under the Securities Act and the rules promulgated by the Securities and Exchange Commission thereunder
and with all applicable state securities laws.



 


		5.2.	Restrictive Legends. Any certificates representing the Shares shall have endorsed thereon legends substantially as follows:



 


“THE SECURITIES REPRESENTED HEREBY HAVE NOT
BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND NEITHER THE SECURITIES
NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER SUCH ACT OR SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS WHICH, IN
THE OPINION OF COUNSEL, IS AVAILABLE.”


 


“THE SECURITIES REPRESENTED BY THIS CERTIFICATE
ARE SUBJECT TO A LOCKUP AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED DURING THE TERM OF THE LOCKUP.”


 


		5.3.	Additional Shares or Substituted Securities. In the event of the declaration of a share dividend, the declaration of
an extraordinary dividend payable in a form other than shares of common stock, a spin-off, a share split, an adjustment in conversion
ratio, a recapitalization or a similar transaction affecting the Company’s outstanding shares of common stock without receipt
of consideration, any new, substituted or additional securities or other property which are by reason of such transaction distributed
with respect to any Shares subject to this Section 5 or into which such Shares thereby become convertible shall immediately
be subject to this Section 5 and Section 3. Appropriate adjustments to reflect the distribution of such securities or
property shall be made to the number and/or class of Shares subject to this Section 5 and Section 3.



 


		5.4.	Registration Rights. The Subscriber acknowledges that the Shares are being subscribed for and purchased pursuant to
an exemption from the registration requirements of the Securities Act and will become freely tradable only after certain conditions
are met or they are registered pursuant to a registration rights agreement to be entered into with the Company prior to the closing
of the IPO (the “Registration Rights Agreement”).



 






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		6.	Other Agreements.



 


		6.1.	Further Assurances. The Subscriber agrees to execute such further instruments and to take such further action as may
reasonably be necessary to carry out the intent of this Agreement.



 


		6.2.	Notices. All notices, statements or other documents which are required or contemplated by this Agreement shall be: (i) in
writing and delivered 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 and (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.



 


		6.3.	Entire Agreement. This Agreement, together with that certain Insider Letter and the Registration Rights Agreement, each
to be entered into among the Subscriber and the Company and each substantially in the form to be filed as an exhibit to the Registration
Statement on Form S-1 associated with the Company’s IPO, embodies the entire agreement and understanding among the Subscriber
and the Company with respect to the subject matter hereof and supersedes all prior oral or written agreements and understandings
relating to the subject matter hereof. No statement, representation, warranty, covenant or agreement of any kind not expressly
set forth in this Agreement shall affect, or be used to interpret, change or restrict, the express terms and provisions of this
Agreement.



 


		6.4.	Modifications and Amendments. The terms and provisions of this Agreement may be modified or amended only by written
agreement executed by all parties hereto.



 


		6.5.	Waivers and Consents. The terms and provisions of this Agreement may be waived, or consent for the departure therefrom
granted, only by a written document executed by the party entitled to the benefits of such terms or provisions. No such waiver
or consent shall be deemed to be or shall constitute a waiver or consent with respect to any other terms or provisions of this
Agreement, whether or not similar. Each such waiver or consent shall be effective only in the specific instance and for the purpose
for which it was given, and shall not constitute a continuing waiver or consent.



 


		6.6.	Assignment. Except with respect to transfers of the Shares to a controlled affiliate of the Subscriber, the rights and
obligations under this Agreement may not be assigned by either party hereto without the prior written consent of the other party.



 






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		6.7.	Benefit. All statements, representations, warranties, covenants and agreements in this Agreement shall be binding on
the parties hereto and shall inure to the benefit of the respective successors and permitted assigns of each party hereto. Nothing
in this Agreement shall be construed to create any rights or obligations except among the parties hereto, and no person or entity
shall be regarded as a third-party beneficiary of this Agreement.



 


		6.8.	Governing Law. This Agreement and the rights and obligations of the parties hereunder shall be construed in accordance
with and governed by the laws of Delaware applicable to contracts wholly performed within the borders of such state, without giving
effect to the conflict of law principles thereof.



 


		6.9.	Severability. In the event that any court of competent jurisdiction shall determine that any provision, or any portion
thereof, contained in this Agreement shall be unreasonable or unenforceable in any respect, then such provision shall be deemed
limited to the extent that such court deems it reasonable and enforceable, and as so limited shall remain in full force and effect.
In the event that such court shall deem any such provision, or portion thereof, wholly unenforceable, the remaining provisions
of this Agreement shall nevertheless remain in full force and effect.



 


		6.10.	No Waiver of Rights, Powers and Remedies. No failure or delay by a party hereto in exercising any right, power or remedy
under this Agreement, and no course of dealing between the parties hereto, shall operate as a waiver of any such right, power or
remedy of such party. No single or partial exercise of any right, power or remedy under this Agreement by a party hereto, nor any
abandonment or discontinuance of steps to enforce any such right, power or remedy, shall preclude such party from any other or
further exercise thereof or the exercise of any other right, power or remedy hereunder. The election of any remedy by a party hereto
shall not constitute a waiver of the right of such party to pursue other available remedies. No notice to or demand on a party
not expressly required under this Agreement shall entitle the party receiving such notice or demand to any other or further notice
or demand in similar or other circumstances or constitute a waiver of the rights of the party giving such notice or demand to any
other or further action in any circumstances without such notice or demand.



 


		6.11.	Survival of Representations and Warranties. All representations and warranties made by the parties hereto in this Agreement
or in any other agreement, certificate or instrument provided for or contemplated hereby, shall survive the execution and delivery
hereof and any investigations made by or on behalf of the parties.



 


		6.12.	No Broker or Finder. Each of the parties hereto represents and warrants to the other that no broker, finder or other
financial consultant has acted on its behalf in connection with this Agreement or the transactions contemplated hereby in such
a way as to create any liability on the other. Each of the parties hereto agrees to indemnify and save the other harmless from
any claim or demand for commission or other compensation by any broker, finder, financial consultant or similar agent claiming
to have been employed by or on behalf of such party and to bear the cost of legal expenses incurred in defending against any such
claim.



 






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		6.13.	Headings and Captions. The headings and captions of the various subdivisions of this Agreement are for convenience of
reference only and shall in no way modify or affect the meaning or construction of any of the terms or provisions hereof.



 


		6.14.	Counterparts. This Agreement may be executed in one or more counterparts, all of which when taken together shall be
considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered
to the other party, it being understood that both parties need not sign the same counterpart. In the event that any signature is
delivered by facsimile transmission or any other form of electronic delivery, such signature shall create a valid and binding obligation
of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such signature page were
an original thereof.



 


		6.15.	Construction. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an
ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties
hereto and no presumption or burden of proof will arise favoring or disfavoring any party hereto because of the authorship of any
provision of this Agreement. The words “include,” “includes,” and “including”
will be deemed to be followed by “without limitation.” Pronouns in masculine, feminine, and neuter genders will
be construed to include any other gender, and words in the singular form will be construed to include the plural and vice versa,
unless the context otherwise requires. The words “this Agreement,” “herein,” “hereof,”
 “hereby,” “hereunder,” and words of similar import refer to this Agreement as a whole and
not to any particular subdivision unless expressly so limited. The parties hereto intend that each representation, warranty, and
covenant contained herein will have independent significance. If any party hereto has breached any representation, warranty, or
covenant contained herein in any respect, the fact that there exists another representation, warranty or covenant relating to the
same subject matter (regardless of the relative levels of specificity) which such party hereto has not breached will not detract
from or mitigate the fact that such party hereto is in breach of the first representation, warranty, or covenant.



 


		6.16.	Mutual Drafting. This Agreement is the joint product of the Subscriber and the Company and each provision hereof has
been subject to the mutual consultation, negotiation and agreement of such parties and shall not be construed for or against any
party hereto.



 


		7.	Voting and Tender of Shares. The Subscriber agrees with the Company to vote the Shares in favor of an initial business
combination that the Company negotiates and submits for approval to the Company’s stockholders and shall not seek redemption
with respect to such Shares. Additionally, the Subscriber agrees not to tender any Shares in connection with a tender offer presented
to the Company’s stockholders in connection with an initial business combination negotiated by the Company.



 






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If the foregoing accurately sets forth our understanding and
agreement, please sign the enclosed copy of this Agreement and return it to us.


 


 


	 	Very truly yours,
	 	 
	 	 
	 	FOLEY TRASIMENE ACQUISITION CORP. II
	 	 
	 	 
	 	By:	/s/ Michael L. Gravelle
	 	 	Name:	Michael L. Gravelle
	 	 	Title:	General Counsel and Corporate
    Secretary


 


[Signature page to the Subscription
Agreement]


 






    	 	 	 



     


    

 


Accepted and agreed as of the date first written above.


 


 


	TRASIMENE
    CAPITAL FT, LP II	 
	 	 
	By: 	TRASIMENE CAPITAL FT, LLC II, as general partner	 
	 	 
	By:	/s/ Michael
    L. Gravelle	 
	 	Name: 	Michael L. Gravelle	 
	 	Title: 	General Counsel and Corporate Secretary	 





 


[Signature page to
the Subscription Agreement]