Exhibit 10.4


 


[_______], 201[__]


 


FinTech Acquisition Corp. II


2929 Arch Street, Suite 1703


Philadelphia, PA 19104-2870  


 


Re:      Initial
Public Offering


 


Ladies and Gentlemen:


 


This letter (“Letter
Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting
Agreement”) entered into, or proposed to be entered into, by and between FinTech Acquisition Corp. II, a Delaware
corporation (the “Company”),  and Cantor Fitzgerald & Co. (“Cantor Fitzgerald”),
as the representative of the underwriters (the “Underwriters”), relating to an underwritten initial public
offering (the “Offering”), of up to 15,525,000 of the Company’s units (the “Units”),
each comprised of one share of the Company’s common stock, par value $0.001 per share (the “Common Stock”),
and one-half of a warrant exercisable for one share of Common Stock (each, a “Warrant”). The Units sold
in the Offering will be registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to
a registration statement on Form S-1 and prospectus (the “Prospectus”) filed by the Company with the
Securities and Exchange Commission (the “Commission”). The Company expects that the Units will be listed
for trading on the Nasdaq Capital Market. Certain capitalized terms used herein are defined in paragraph 16 hereof.


 


The Insiders signatory
hereto hereby agree with the Company as follows:


 


1.Each Insider agrees that, if the
Company seeks stockholder approval of (a) a proposed initial Business Combination or (b) a proposed amendment to the Company’s
amended and restated certificate of incorporation (as may be amended from time to time, the “Charter”) to modify
the substance or timing of the Company’s obligation to redeem 100% of the Offering Shares if the Company does not complete
its initial Business Combination within 24 months from the completion of the Offering, then in connection with such proposed initial
Business Combination or amendment to the Charter, such person shall vote, as applicable, all Founder Shares, Placement Shares and
any shares acquired by such person in the Offering or in the secondary public market in favor of such proposed initial Business
Combination or such amendment to the Charter, as applicable.


 


2.(a)      Each Insider hereby agrees
that, if the Company fails to consummate a Business Combination within 24 months from the consummation of the Offering, such person
shall take all reasonable steps to cause the Company to (i) cease all operations except for the purpose of winding up, (ii) as
promptly as reasonably possible but not more than ten business days thereafter, redeem the Offering Shares at a per-share price,
payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including any amounts representing  interest earned on the Trust Account less any interest released to, or reserved for use by, the Company
for working capital purposes, payment of taxes or dissolution expenses, divided by the number of Offering Shares then outstanding,
which redemption will completely extinguish the holder’s rights as a stockholder with respect to his, her or its Offering
Shares (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly
as reasonably possible following such redemption, subject to the approval of the Company’s remaining stockholders and the
Company’s board of directors (the “Board”), dissolve and liquidate, subject in the case of clauses
(ii) and (iii) to the Company’s obligations under Delaware law to provide for claims of creditors and other requirements
of applicable law.


  


(b)      Each Insider agrees
to not propose any amendment to the Charter that would affect the substance or timing of the Company’s obligation to redeem
100% of the Offering Shares if the Company does not consummate a Business Combination within 24 months from the completion of the
Offering, unless the Company provides the holders of Offering Shares with the opportunity to redeem their Offering Shares upon
approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust
account, including any amounts representing interest earned on the Trust Account less any interest released to, or reserved for
use by, the Company for working capital purposes or payment of taxes, divided by the number of then outstanding Offering Shares.


 



    	 		 



     

    

 


(c)      Each
Insider acknowledges and agrees that Founder Shares or Placement Shares held by him, her or it are not entitled to, and have no
right, interest or claim of any kind in or to, any monies held in the Trust Account or distributed as a result of any liquidation
of the Trust Account.


 


(d)     Each
Insider waives, with respect to any Founder Shares or Placement Shares held by such undersigned party, any redemption rights he,
she or it may have (i) in connection with the consummation of an initial Business Combination, (ii) if the Company fails
to consummate its initial Business Combination or liquidates within 24 months from the completion of the Offering or (iii) if the
Company seeks an amendment to its Charter that would affect the substance or timing of the Company’s obligation to redeem
100% of the Offering Shares as described above. If any of the Insiders should acquire Offering Shares in or after the Offering,
each Insider hereby waives with respect to such Offering Shares held by such undersigned party any redemption rights such party
may have in connection with the consummation of a Business Combination or a stockholder vote to amend the Charter to modify the
substance or timing of the Company’s obligation to redeem 100% of the Offering Shares if the Company does not complete its
initial Business Combination within 24 months from the completion of the Offering; provided, however, that the Insiders will be
entitled to redemption rights with respect to such Offering Shares held by them if the Company fails to consummate a Business Combination
or liquidates within 24 months from completion of the Offering.


 


3.(a)       To the
extent that the Underwriters do not exercise their over-allotment option to purchase an additional 2,025,000 Units (as described
in the Prospectus), the Initial Holders shall return to the Company for cancellation, at no cost, an aggregate number of Founder
Shares determined by multiplying 675,000 by a fraction: (i) the numerator of which is 2,025,000 minus the number of shares of the
Common Stock purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which
is 2,025,000.  The Initial Holders further agree that, if the Company effects a stock split, stock dividend, reverse
stock split, contribution back to capital or otherwise in connection with any increase or decrease in the size of the Offering,
to the extent that the Underwriters do not exercise their over-allotment option in full, the aggregate number of shares that the
Initial Holders will be required to return to the Company as set forth in the immediately preceding sentence shall be adjusted
so that the Founder Shares held by the Initial Holders and their Permitted Transferees represent 25% of the Company’s issued
and outstanding shares of Common Stock immediately following such forfeiture. The number of Founder Shares to be returned by each
Initial Holder, if any, pursuant to this Section 3(a) shall be determined on a pro-rata basis based on the percentage of outstanding
Founder Shares held by each Initial Holder at the time of such forfeiture.


 


(b)      Subject
to paragraph 3(d), the Founder Shares owned by the Insiders shall not be transferable or salable (x) with respect to 20% of such
shares, until consummation of the Company’s initial Business Combination, (y) with respect to 20% of such shares, when the
closing price of the Common Stock exceeds $12.00 for any 20 trading days within a 30-trading day period following the consummation
of its initial Business Combination, (z) with respect to 20% of such shares, when the closing price of the Common Stock exceeds
$13.50 for any 20 trading days within a 30-trading day period following the consummation of its initial Business Combination,
(xx) with respect to 20% of such shares, when the closing price of the Common Stock exceeds $15.00 for any 20 trading days within
a 30-trading day period following the consummation of its initial Business Combination and (yy) with respect to 20% of such shares,
when the closing price of the Common Stock exceeds $17.00 for any 20 trading days within a 30-trading day period following the
consummation of its initial Business Combination or earlier, in any case, if, following the initial Business Combination, the
Company engages in a subsequent transaction (i) resulting in all of the Company’s stockholders having the right to exchange
their Common Stock for cash or other securities, or (ii) involving a consolidation, merger or other similar transaction in which
the Company is the surviving entity that results in the directors and officers of the Company ceasing to comprise a majority of
the Board (in the case of directors) or management (in the case of officers) of the surviving entity (such applicable period being
the “Founder Lock-Up Period”). For the avoidance of doubt, the satisfaction of any of the conditions
of clauses (z), (xx) and (yy) shall permit the termination of the transfer prohibition with respect to all Founder Shares included
within that pricing level or any lower pricing level. During the Founder Lock-Up Period, the Insiders shall not, except as described
in the Prospectus, (i) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase or otherwise
dispose of or agree to dispose of, directly or indirectly, or establish or increase a put equivalent position or liquidate or
decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the
rules and regulations of the Commission promulgated thereunder (the “Exchange Act”), with respect to
the Founder Shares then subject to the Founder Lock-Up Period, (ii) enter into any swap or other arrangement that transfers to
another, in whole or in part, any of the economic consequences of ownership of any of the Founder Shares then subject to the Founder
Lock-Up Period, whether any such transaction is to be settled by delivery of the Common Stock or such other securities, in cash
or otherwise, or (iii) publicly announce any intention to effect any transaction specified in clause (b)(i) or (b)(ii).  


 






    	 	2	 



     

    

 


(c)      Until
30 days after the consummation of the initial Business Combination (“Placement Unit Lock-Up Period”),
the Sponsor shall not, except as described in the Prospectus, (i) sell, offer to sell, contract or agree to sell, hypothecate,
pledge, grant any option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, or establish or increase
a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Exchange
Act with respect to the Placement Units, Placement Shares, Placement Warrants, or shares of Common Stock underlying the Placement
Warrants, (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences
of ownership of any of the Placement Units, Placement Shares, Placement Warrants, or shares of Common Stock underlying the Placement
Warrants, whether any such transaction is to be settled by delivery of the Common Stock or such other securities, in cash or otherwise,
or (iii) publicly announce any intention to effect any transaction specified in clause (c)(i) or (c)(ii).


 


(d)      Notwithstanding
the provisions contained in paragraphs 3(b) and 3(c) hereof, any Insider may transfer, as applicable, the Founder Shares and/or
Placement Units, Placement Shares, Placement Warrants, or shares of Common Stock underlying the Placement Warrants (1) at any time
prior to the consummation of an initial Business Combination with the consent of the Company to any third party that agrees in
writing to be bound by the provisions of this agreement applicable to Insiders (other than paragraph 1  and the second sentence of paragraph 2(d)); and (2) (a) to
the Company’s officers, the Company’s directors or the Initial Holders, (b) to an affiliate or immediate family member
of any of the Company’s officers, directors or Initial Holders, (c) to any member, officer or director of the Sponsor, or
any immediate family member, partner, affiliate or employee of a member of the Sponsor, (d) by gift to any Permitted Transferee
under any of the immediately preceding subsections (a) through (d), a trust, the beneficiaries of which are one or more Permitted
Transferees under any of the immediately preceding subsections (a) through (d), or a charitable organization, (e) by virtue of
laws of descent and distribution upon death of any of the Company’s officers, the Company’s directors, the Initial
Holders or members of the Sponsor, (f) pursuant to a qualified domestic relations order, (g) in the event of the Company’s
liquidation prior to consummation of its initial Business Combination, (h) by virtue of the laws of Delaware or the Sponsor’s
limited liability company agreement upon dissolution of the Sponsor, (i) subsequent to the Company’s consummation of its
initial Business Combination, in the event of a liquidation, merger, stock exchange or other similar transaction which results
in all of the Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other
property or (k) subsequent to the Company’s consummation of its initial Business Combination, in the event of a consolidation,
merger or other similar transaction in which the Company is the surviving entity that results in the directors and officers of
the Company ceasing to comprise a majority of the Board (in the case of directors) or management (in the case of officers) of the
surviving entity (each, a “Permitted Transferee”); provided, however, that, in the case of subclauses
(a) through (f) and (h), these transferees enter into a written agreement with the Company agreeing to be bound by the transfer
restrictions set forth herein.


 


(e)      Further,
each Insider agrees that after the Founder Lock-Up Period or the Placement Unit Lock-Up Period, as applicable, has elapsed, the
Founder Shares and/or Placement Units, Placement Shares, Placement Warrants, or shares of Common Stock underlying the Placement
Warrants owned by such Insider shall only be transferable or saleable pursuant to a sale registered under the Securities Act
or pursuant to an available exemption from registration under the Securities Act. The Company and each Insider acknowledges that
pursuant to that certain registration rights agreement to be entered into among the Company and certain security holders of the
Company, parties to the agreement may request that a registration statement relating to the Founder Shares and/or Placement Units,
Placement Shares, Placement Warrants, or shares of Common Stock underlying the Placement Warrants be filed by the Company with
the Commission prior to the end of the Founder Lock-Up Period or the Placement Unit Lock-Up Period, as the case may be;  provided, 
however, that such registration statement does not become effective prior to the end of the Founder Lock-Up Period or the Placement
Unit Lock-Up Period, as applicable.


 



    	 	3	 



     

    

 


(f)      Subject
to the limitations described herein, each Insider shall retain all of such Insider’s rights as a security holder during,
as applicable, the Founder Lock-Up Period and/or Placement Unit Lock-Up Period including, without limitation, the right to vote,
as the case may be, the Founder Shares and/or Placement Shares.


 


(g)      During
the Founder Lock-Up Period and Placement Unit Lock-Up Period, all dividends payable in cash with respect to such securities shall
be paid, as applicable, to each security holder, but all dividends payable in Common Stock or other non-cash property shall become
subject to the applicable lock-up period as described herein and shall only be released from such lock-up in accordance with the
provisions of this paragraph 3.


 


4.Without limiting the provisions
of paragraph 3(d) hereof, during the period commencing on the effective date of the Underwriting Agreement and ending 180 days
after such date, each of the undersigned shall not (i) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant
any option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, or establish or increase a put equivalent
position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Exchange Act with respect
to any Units, Placement Units, shares of Common Stock, Warrants, Placement Shares, Placement Warrants or any securities convertible
into, or exercisable, or exchangeable for, shares of Common Stock owned by an undersigned party, (ii) enter into any swap or other
arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any Units, Placement
Units, shares of Common Stock, Warrants, Placement Shares, Placement Warrants or any securities convertible into, or exercisable,
or exchangeable for, shares of Common Stock owned by the undersigned, whether any such transaction is to be settled by delivery
of such securities, in cash or otherwise, or (iii) publicly announce any intention to effect any transaction specified in clause
(i) or (ii); provided, however, that the restrictions of this Section 4 shall not apply to any distributions by the Sponsor to
its members of Units, Placement Units, shares of Common Stock, Warrants, Placement Shares, Placement Warrants or any securities
convertible into, or exercisable, or exchangeable for, shares of Common Stock.


 


5.(a)      In the event of the liquidation
of the Trust Account without the consummation of a Business Combination, Daniel G. Cohen (the “Indemnitor”)
agrees to indemnify and hold harmless the Company against any and all loss, liability, claim, damage and expense whatsoever (including,
but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any
litigation, whether pending or threatened, or any claim whatsoever) to which the Company may become subject as a result of any
claim by (i) any third party for services rendered or products sold to the Company or (ii) any prospective target business (a “Target”)
as described in the Prospectus; provided,  however, that such indemnification of the Company by the Indemnitor shall apply
only to the extent necessary to ensure that such claims by a third party for services rendered or products sold to the Company
or a Target do not reduce the amount of funds in the Trust Account to below $10.00 (regardless of whether or not the Underwriters
exercise any portion of their overallotment option) per Offering Share and only if such third party or Target has not executed
an agreement waiving claims against any and all rights to seek access to the Trust Account, regardless of whether such agreement
is enforceable. In the event that any such executed waiver is deemed to be unenforceable against such third party, the Indemnitor
shall not be responsible for any liability as a result of any such third party claims. Notwithstanding any of the foregoing, indemnification
of the Company by the Indemnitor pursuant to this paragraph 5 shall not apply as to any claims arising from the Company’s
obligation pursuant to the Underwriting Agreement to indemnify the Underwriters.


 


(b)      If
the Company is liquidated within 24 months following completion of the Offering, to the extent that interest income on the balance
of the Trust Account (net of any taxes payable) released to the Company and loans from the Sponsor (each as described in the Prospectus)
are insufficient to fund the costs and expenses of liquidation, the Indemnitor agrees to pay the balance of the amount necessary
to complete the liquidation of the Company. 


 



    	 	4	 



     

    

 


6.The Company agrees that the Company
will not engage any third party to render services, agree to purchase any products from such third party, or enter into any discussion
or any acquisition agreement with a Target unless (i) such third party or Target has agreed to execute a waiver against any right,
title, interest or claim of any kind in or to any monies held in the Trust Account or any proceeds from the Trust Account, that
is acceptable to the Board or (ii) the Board and Sponsor have each consented in writing to dispense with such waiver with respect
to such services, product, discussions or acquisition agreement, in each case with the written consent of the Indemnitor as part
of the consent of the Board. In addition the Company shall endeavor, together with the officers and directors of any acquisition
target for its initial Business Combination, to obtain waivers of claims to the monies held in the Trust Account from creditors
of such acquisition target (which, for the avoidance of doubt, shall include creditors existing prior to the initial Business Combination
as well as after completion of the initial Business Combination).


 


7.In order to minimize potential
conflicts of interest that may arise from multiple corporate affiliations, each officer and director of the Company who is signatory
to this Agreement agrees that until the earliest of the Company’s initial Business Combination, liquidation or the time at
which such person ceases to be an officer or director of the Company, such person shall present to the Company for its consideration,
prior to presentation to any other entity, any suitable Business Combination opportunities of which such person (or companies or
entities which such person manages or controls) becomes aware, subject to any current or future fiduciary or contractual obligations
of such person that such person discloses to the Company.


 


8.Each officer and director signatory
hereto represents and warrants that the biographical information furnished to the Company by him or her is true and accurate in
all material respects and does not omit any material information with respect to such person’s background.  Each
of the answers of such person to the items in questionnaires furnished to the Company by such officer and director is true and
accurate in all material respects.


 


9.Each of the undersigned represents
and warrants that her, she or it:


 


(a)       is not subject to or a respondent in any legal action for any injunction, cease-and-desist order or order or stipulation to desist
or refrain from any act or practice relating to the offering of securities in any jurisdiction;


 


(b)       has never been convicted of, or pleaded guilty to, any crime (i) involving fraud, (ii) relating to any financial transaction or
handling of funds of another person, or (iii) pertaining to any dealings in any securities, and the undersigned is not currently
a defendant in any such criminal proceeding; and


 


(c)       has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities
or commodities license or registration denied, suspended or revoked.


 


10.Each Insider agrees that he,
she or it shall receive no finder’s fees, consulting fees or other similar compensation from the Company prior to, or for
any services they render in order to effectuate, the consummation of the initial Business Combination, other than the following:


 


(a)       repayment of loans
made to the Company by the Sponsor prior to completion of the Offering in connection with organizational expenses and the preparation,
filing and consummation of the Offering;


 


(b)       repayment of the
up to $750,000 in incremental loans that the Sponsor has committed to make to finance transaction costs in connection with an intended
initial Business Combination;  provided, that, if the Company does not consummate a Business Combination, any amounts representing
interest earned on the Trust Account may be used by the Company to repay such loaned amounts so long as no proceeds of the Trust
Account shall be used for such repayment; and


 


(c)       reimbursement for
any out-of-pocket expenses related to identifying, investigating and consummating an initial Business Combination, provided that
no proceeds of the Offering placed in the Trust Account may be applied to the payment of such expenses prior to the consummation
of an initial Business Combination.


 



    	 	5	 



     

    

 


11.Each of the undersigned acknowledges
and understands that the Underwriters and the Company will rely upon the agreements, representations, and warranties set forth
herein in proceeding with the Offering.


 


12.Each of the undersigned authorizes
any employer, financial institution, or consumer credit reporting agency to release to the Underwriters and their legal representatives
or agents (including any investigative search firm retained by the Underwriters) any information they may have about such undersigned
party’s background and finances (“Information”), purely for the purposes of performing required
due diligence examinations in connection with the Offering (provided that the Underwriters agree to hold such Information in confidence).
Each of the undersigned agrees that neither the Underwriters nor their agents shall be violating such undersigned party’s
right of privacy by requesting and obtaining the Information in accordance with this Section 12.


 


13.Each officer and director of
the Company acknowledges and agrees that the Company will not consummate any Business Combination with any company or involving
any assets with which or about which an officer or director has had any discussions in such person’s capacity as an officer
or director of the Company, formal or otherwise, prior to the consummation of the Offering, with respect to a Business Combination.
Until the earlier of (i) the entry into a definitive agreement by the Company for a Business Combination; (ii) the liquidation
of the Company; (iii) the termination of such person as an officer or director of the Company or (iv) the date that is 24 months
after the completion of the IPO, each officer and director of the Company agrees not to become affiliated as an officer or director
of a blank check company similar to the Company.


 


14.Each of the undersigned acknowledges
and agrees that the Company will not consummate any initial Business Combination that involves a company which is affiliated with
such undersigned party unless the Company obtains an opinion from an independent investment banking firm that is a member of the
Financial Industry Regulatory Authority and reasonably acceptable to Cantor Fitzgerald that the Business Combination is fair to
the Company’s stockholders from a financial perspective.


 


15.Each officer and director signatory
hereto represents and warrants that he or she has full right and power, without violating any agreement to which such person is
bound (including, without limitation, any non-competition or non-solicitation agreement with any employer or former employer),
to enter into this Letter Agreement and to serve as an officer of the Company or as a director on the Board, as applicable, and
hereby consents to being named in the Prospectus as an officer and/or as a director of the Company, as applicable.


 


16.As used in this Letter Agreement,
(i) “Business Combination” shall mean a merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar Business Combination, involving the Company and one or more businesses; (ii) “Founder Shares”
shall mean the 5,298,333 shares of Common Stock acquired by the Sponsor and the other Initial Holders for an aggregate purchase
price of $25,000 prior to the consummation of the Offering; (iii) “Initial Holders” shall mean Daniel
G. Cohen, Betsy Z. Cohen, DGC Family FinTech Trust, Swarthmore Trust of 2016, Shami Patel, Jeremy Kuiper and the Sponsor; (iii)
“Offering Shares” shall mean the shares of Common Stock included in the units sold in the Offering; (iv)
“Placement Shares” shall mean the shares of Common Stock sold as part of the Placement Units; (v) “Placement
Warrants” shall mean the Warrants to purchase up to an aggregate of 185,000 shares of the Common Stock that are included
in the Placement Units; (vi) “Placement Units” shall mean the aggregate of 370,000 Units of the Company
(each Placement Unit consists of one Placement Warrant and one Placement Share) sold in the Private Placement to the Sponsor and
Cantor Fitzgerald for an aggregate purchase price of $3,700,000; (vii) “Trust Account” shall mean the
trust account into which net proceeds of the Offering and the Private Placement will be deposited; (viii) “Prospectus”
shall mean the prospectus included in the registration statement filed by the Company in connection with the Offering, as supplemented
or amended from time to time; (ix) “Private Placement” shall mean that certain private placement transaction
occurring simultaneously with the closing of the Offering pursuant to which the Company has agreed to sell an aggregate of 370,000
Placement Units to FinTech Investor Holdings II, LLC, a Delaware limited liability company (the “Sponsor”);
(x) “Insiders” shall mean the Sponsor and its members, any holders of Founder Shares, any person who
receives Placement Units, Founder Shares or their respective underlying securities as a Permitted Transferee and each officer and
director of the Company; and (y) references to completion of the Offering shall exclude any exercise of the Underwriters’
over-allotment option.


 






    	 	6	 



     

    

 


17.This Letter Agreement constitutes
the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior understandings,
agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject
matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended, modified or waived (other
than to correct a typographical error) as to any particular provision, except by a written instrument executed by the parties hereto.


 


18.No party may assign either this
Letter Agreement or any of its rights, interests, or obligations hereunder without the prior written consent of the other party.  Any
purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any
interest or title to the purported assignee. This Letter Agreement shall be binding on each undersigned party and each of such
undersigned party’s, as applicable, heirs, personal representatives, successors and assigns.


 


19.This Letter Agreement shall be
governed by and construed and enforced in accordance with the laws of the State of New York applicable to contracts entered into
within the borders of such state and without giving effect to conflicts of law principles that would result in the application
of the substantive laws of another jurisdiction. The parties (i) agree that any action, proceeding, claim or dispute arising out
of, or relating in any way to, this Letter Agreement shall be brought and enforced in the federal or state courts in the borough
of Manhattan in the City of New York, and irrevocably submits to such jurisdiction and venue, which jurisdiction and venue shall
be exclusive and (ii) waive any objection to such exclusive jurisdiction and venue or that such courts represent an inconvenient
forum.


 


20.Any notice, consent or request
to be given in connection with any of the terms or provisions of this Letter Agreement shall be in writing and shall be sent by
express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery, electronic or
facsimile transmission.


 


21.This Letter Agreement shall terminate
in the event that the Offering is not completed by [_____], 2017; and, provided, further, that paragraph 5 of this Letter
Agreement shall survive any liquidation of the Company.


 


[Signature page follows]


 






    	 	7	 



     

    

 


	 	Sincerely,
	 	 
	 	
        

        FINTECH ACQUISITION CORP II.

        a Delaware corporation

         

	 	By:  	 
	 	Name:	James J. McEntee, III
	 	Title:	President and Chief Financial Officer 


 


		
        FINTECH INVESTOR HOLDINGS II, LLC

        a Delaware limited liability company



 


	 	By:  	 
	 	Name:	Daniel G. Cohen
	 	Title:	Manager


 


	 	
        DGC FAMILY FINTECH TRUST

        a Delaware trust

         

	 	By:  	 
	 	Name:	Daniel G. Cohen
	 	Title:	Trustee


 


	 	
        SWARTHMORE TRUST OF 2016

        a Pennsylvania trust

         

	 	By:  	 
	 	Name:	Richard Maiocco
	 	Title:	Trustee


 





[Signature Page to Letter Agreement]




 



    	 	8	 



     

    

 


	
         

        
	 
	 	Betsy Z. Cohen, individually
	 	 
	 	 
	 	Daniel G. Cohen, individually
	 	 
	 	 
	 	Walter T. Beach, individually
	 	 
	 	 
	 	Jeremy Kuiper, individually
	 	 
	 	 
	 	James J. McEntee, III, individually
	 	 
	 	 
	 	Shami Patel, individually


 





[Signature Page to Letter Agreement]


 


 


9