Exhibit
10.2


 


THUNDER
BRIDGE ACQUISIITION, LTD.


9912
Georgetown Pike


Suite
D203


Great
Falls, Virginia 22066


 


June
18, 2018


 


First
Capital Group, LLC


9912
Georgetown Pike


Suite
D203


Great
Falls, Virginia 22066


 


Re: Administrative
Services Agreement


 


Ladies
and Gentlemen:


 


This
letter agreement by and between Thunder Bridge Acquisition, Ltd. (the “Company”) and First Capital Group, LLC (“First
Capital”), dated as of the date hereof, will confirm our agreement that, commencing on the date the securities of the Company
are first listed on the NASDAQ Capital Market (the “Listing Date”), pursuant to a Registration Statement on Form S-1 and
prospectus filed with the Securities and Exchange Commission (the “Registration Statement”) and continuing until the
earlier of the consummation by the Company of an initial business combination or the Company’s liquidation (in each case
as described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”):


 


(i) First
Capital, an affiliate of the Company’s sponsor, Thunder Bridge Acquisition, LLC, shall make available, or cause to be made
available, to the Company, at 9912 Georgetown Pike, Suite D203, Great Falls, Virginia 22066 (or any successor location of First
Capital), office space and administrative and support services. In exchange therefor, the Company shall pay First Capital the
sum of $10,000 per month on the Listing Date and continuing monthly thereafter until the Termination Date; and


 


(ii) First
Capital hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind as a result of,
or arising out of, this letter agreement (each, a “Claim”) in or to, and any and all right to seek payment of any
amounts due to it out of, the trust account established for the benefit of the public shareholders of the Company and into which
substantially all of the proceeds of the Company’s initial public offering will be deposited (the “Trust Account”),
and hereby irrevocably waives any Claim it may have in the future, which Claim would reduce, encumber or otherwise adversely affect
the Trust Account or any monies or other assets in the Trust Account, and further agrees not to seek recourse, reimbursement,
payment or satisfaction of any Claim against the Trust Account or any monies or other assets in the Trust Account for any reason
whatsoever.


 


This
letter agreement constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter 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 amended, modified or waived as to any particular provision, except by a written instrument executed
by the parties hereto.


 


No
party hereto may assign either this letter agreement or any of its rights, interests, or obligations hereunder without the prior
written approval 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 constitutes the entire relationship of the parties hereto, and any litigation between the parties (whether grounded
in contract, tort, statute, law or equity) shall be governed by, construed in accordance with, and interpreted pursuant to the
laws of the State of New York, without giving effect to its choice of laws principles.


 


This
letter agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original
but all of which together shall constitute one and the same letter agreement.


 


[Signature
Page Follows]


 












     


     


    

  


	 	Very
    truly yours,
	 	 
	 	THUNDER
    BRIDGE ACQUISITION, LTD.
	 	 	 
	 	By:	/s/
Gary A. Simanson
	 	 	Name: 	Gary
    A. Simanson
	 	 	Title:	Chief
    Executive Officer


 


	AGREED
    TO AND ACCEPTED BY:	 
	 	 
	FIRST
    CAPITAL GROUP, LLC	 
	 	 	 	 
	By:	/s/
    Gary A. Simanson	 
	 	Name: 	Gary
    A. Simanson	 
	 	Title:	Managing
    Director	 


 


[Signature
Page to Administrative Services Agreement]