Exhibit 10.3


 


Execution Version


 


MUTUAL
TERMINATION AGREEMENT


 


This
MUTUAL TERMINATION AGREEMENT, dated as of June 28, 2021 (this “Agreement”), is made by and between Trebia
Acquisition Corp., a Cayman Islands exempted limited company (the “Company”) and Cannae Holdings, Inc., a Delaware
corporation (the “Purchaser”). Capitalized terms used herein but not specifically defined herein shall have the meanings
ascribed to such terms in the Forward Purchase Agreement (as defined below).


 


WHEREAS, the Company and Purchaser
(each, a “Party” and collectively, the “Parties”) are parties to that certain Forward Purchase Agreement,
dated as of June 5, 2020 (the “Forward Purchase Agreement”);


 


WHEREAS, the Forward Purchase
Agreement provides that immediately prior to the closing of the Company’s initial Business Combination, the Company shall issue
and sell, and the Purchaser shall purchase, on a private placement basis, 7,500,000 Class A Shares and 2,500,000 Warrants for the
FPS Purchase Price on the terms and conditions set forth therein;


 


WHEREAS, pursuant to Section 8(a) of
the Forward Purchase Agreement, the Forward Purchase Agreement may be terminated at any time prior to the FPS Closing by mutual written
consent of the Company and Purchaser; and


 


WHEREAS, each of the Company
and Purchaser have determined to terminate the Forward Purchase Agreement.


 


NOW, THEREFORE, in consideration
of the mutual promises herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and Purchaser agree as follows:


 


1.            Pursuant
to Section 8(a) of the Forward Purchase Agreement, effective as of the date hereof, the Forward Purchase Agreement is hereby
terminated;


 


2.             Section 8
of the Forward Purchase Agreement shall govern the effect of the termination of the Forward Purchase Agreement; and


 


3.            This
Agreement contains the entire understanding between the Parties with respect to the subject matter hereof and supersedes any and all prior
agreements, representations, understandings, and arrangements, whether written or oral, among the Parties.


 


4.            This
Agreement shall be construed in accordance with and governed by the laws of the State of New York, without giving effect to any choice
of law or conflict of law provision or rule that would cause the application of the laws of any jurisdiction other than the State
of New York.


 



    


     


    




 


5.            This
Agreement may be executed in two or more counterparts, each of which will be deemed an original but all of which together will constitute
one and the same instrument.


 


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IN WITNESS WHEREOF, each party
has caused this Agreement to be signed by its respective officer thereunto duly authorized, all as of the date first written above.


 


	 	PURCHASER:
	 	 
	 	CANNAE HOLDINGS, INC.
	 	 	 
	 	By:	 	/s/ Michael L. Gravelle
	 	 	 	Name: Michael L. Gravelle
	 	 	 	
    Title: General Counsel and Corporate Secretary

	 	 
	 	 
	 	COMPANY:
	 	 
	 	TREBIA ACQUISITION CORP.
	 	 	 
	 	By:	 	/s/ Paul Danola
	 	 	 	Name: Paul Danola
	 	 	 	Title:   President


 


[Signature Page to Termination Agreement (Cannae FPA)]