Exhibit 10.10


 


CONTINGENT FORWARD PURCHASE CONTRACT


 


Thunder Bridge Acquisition, Ltd.

9912 Georgetown Pike

Suite D203

Great Falls, Virginia 22066


 


April 19, 2018


 


Monroe Capital LLC

311 South Wacker Drive, 64th FL

Chicago, IL 60606


 


	Re:	Contingent Forward Purchase Contract




 


Ladies and Gentlemen:


 


We are pleased to accept the offer Monroe
Capital, LLC (the “Subscriber” or “you”) has made to purchase an aggregate of 5,000,000 units (the “Units”)
of Thunder Bridge Acquisition, Ltd., a Cayman Islands exempted company (the “Company”), each Unit comprising one Class
A ordinary share of the Company, par value $0.0001 per share (“Class A Ordinary Shares” or “Class A Shares”)
and one redeemable warrant to purchase one Class A Share (“Warrant”) for an aggregate purchase price of $50,000,000
(the “Purchase Price”). The Units, Class A Shares and Warrants, collectively, are hereinafter referred to as the “Securities”.
Each Warrant is exercisable to purchase one Class A Share at an exercise price of $11.50 per Class A Share during the period commencing
on the later of (i) twelve (12) months from the date of the closing of the Company’s initial public offering of units each
comprising one Class A Ordinary Share and one Warrant (the “IPO”) and (ii) thirty (30) days following the consummation
of the Company’s initial business combination (the “Business Combination”) and expiring on the fifth anniversary
of the consummation of the Business Combination. The terms (this “Agreement”) on which the Company is willing to sell
the Securities to the Subscriber, and the Company and the Subscriber’s agreements regarding such Securities, are as follows:


 


1.       Purchase
of the Securities. For the Purchase Price, the Company hereby agrees to sell the Securities to the Subscriber, and the Subscriber
hereby agrees to purchase the Securities from the Company, subject to the terms and subject to the conditions set forth in this
Agreement. The parties acknowledge the Subscriber may net against the Purchase Price the reasonable and documented fees and expenses
of legal counsel to the Subscriber relating to this transaction.


 






    


     


    

 


2.       Representations,
Warranties and Agreements.


 


2.1       Subscriber’s
Representations, Warranties and Agreements. To induce the Company to issue the Securities 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 Securities.


 


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 the
Subscriber, (ii) any agreement, indenture or instrument to which the Subscriber is a party or (iii) any law, statute, rule or regulation
to which the Subscriber is subject, or any agreement, order, judgment or decree to which the Subscriber is subject.


 


2.1.3       Organization
and Authority. The Subscriber is a Delaware limited liability company, validly existing and in good standing under the laws
of Delaware and possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement.
Upon execution and delivery by you, this Agreement is a legal, valid and binding agreement of Subscriber, enforceable against 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. Subscriber is: (i) sophisticated in financial matters and is able to evaluate the risks
and benefits of the investment in the Securities and (ii) able to bear the economic risk of its investment in the Securities for
an indefinite period of time because the Securities 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. Subscriber
is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests.
Subscriber must bear the economic risk of this investment until the Securities 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. Subscriber is able
to bear the economic risks of an investment in the Securities and to afford a complete loss of Subscriber’s investment in
the Securities.


 


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, Subscriber has relied solely on Subscriber’s
own knowledge and understanding of the Company and its business based upon Subscriber’s own due diligence investigation and
the information furnished pursuant to this paragraph. 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 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. 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 state law.


 


2.1.7       Investment
Purposes. The Subscriber is purchasing the Securities solely for investment purposes, for the 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.
The Subscriber did not decide to enter into this Agreement as a result of any general solicitation or general advertising within
the meaning of Rule 502 under the Securities Act.


 


2.1.8       Restrictions
on Transfer; Shell Company. Subscriber understands the Securities are being offered in a transaction not involving a public
offering within the meaning of the Securities Act. Subscriber understands the Securities will be “restricted securities”
within the meaning of Rule 144(a)(3) under the Securities Act and Subscriber understands that any certificates representing the
Securities will contain a legend in respect of such restrictions. If in the future the Subscriber decides to offer, resell, pledge
or otherwise transfer the Securities, such Securities may be offered, resold, pledged or otherwise transferred only pursuant to:
(i) registration under the Securities Act, or (ii) an available exemption from registration. Subscriber agrees that if any transfer
of its Securities or any interest therein is proposed to be made, as a condition precedent to any such transfer, 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 Securities. Subscriber further acknowledges that because the Company is a shell company, Rule
144 may not be available to the Subscriber for the resale of the Securities until one (1) year following consummation of the Business
Combination, 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 Subscriber in connection with the transactions contemplated by this Agreement, other than the filing
of a Form D with the Securities and Exchange Commission and such state Blue Sky, FINRA and NASDAQ consents and approvals as may
be required.


 


2.2       Company’s
Representations, Warranties and Agreements. To induce the Subscriber to purchase the Securities, 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 an exempted company duly incorporated, validly existing and in good standing under the
laws of the Cayman Islands 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.


 






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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 memorandum and articles of association
of the Company, as amended (the “Memorandum and Articles of Association”) (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 Securities. Upon issuance in accordance with, payment pursuant to the terms hereof, and registration in the register of
members of the Company, the Securities will be duly and validly issued, fully paid and non-assessable. Upon issuance in accordance
with, and payment pursuant to, the terms hereof the Subscriber will have or receive good title to the Securities, free and clear
of all liens, claims and encumbrances of any kind, other than (a) transfer restrictions under federal and state securities laws,
and (b) liens, claims or encumbrances imposed due to the actions of the Subscriber. The Company will reserve sufficient Shares
to permit full exercise of the Warrants.


 


2.2.4       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.


 


2.2.5       Authorization.
All corporate action on the part of the Company, its officers, directors and stockholders necessary for the authorization, execution
and delivery of this Agreement, the Securities, the performance of all obligations of the Company thereof, and the authorization,
issuance (or reservation for issuance) of the Securities, has been taken. This Agreement constitutes and, when issued, the Units
and the Warrants will constitute, valid and legally binding obligations of the Company, enforceable in accordance with their respective
terms, subject to: (i) judicial principles limiting the availability of specific performance, injunctive relief, and other equitable
remedies and (ii) bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect generally
relating to or affecting creditors’ rights.


 


2.2.6       Capitalization.
The authorized capital stock of the Company on the date hereof, consists of 20,000,000 Class B ordinary shares, par value, $0.0001
(the “Class B Ordinary Shares” and together with the Class A Ordinary Shares, the “Ordinary Shares”), 5,750,000
shares of which are issued and outstanding, 200,000,000 Class A Ordinary Shares, no shares of which are issued and outstanding,
and 1,000,000 undesignated preference shares, no shares of which are issued and outstanding. All issued and outstanding Class B
Ordinary Shares (a) have been duly authorized and validly issued, and (b) are fully paid and non-assessable. The rights, preferences,
privileges and restrictions of the Ordinary Shares are as stated in the Memorandum and Articles of Association currently on file
with the regulatory authorities in the Cayman Islands. There are no outstanding rights, options, warrants, preemptive rights, rights
of first refusal or similar rights for the purchase or acquisition from the Company of any securities of the Company.


 






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2.2.7       No
Governmental Consents. No governmental, administrative or other third party consents or approvals are required, necessary or
appropriate on the part of the Company in connection with the transactions contemplated by this Agreement, other than the filing
of a Form D with the Securities and Exchange Commission and such state Blue Sky, FINRA and NASDAQ consents and approvals as may
be required.


 


3.       Settlement
Date and Delivery.


 


3.1       Closing.
The settlement of the contingent forward purchase contract for the purchase and sale of the Securities hereunder (the “Closing”)
shall be held at the same date and time as the closing of the Business Combination (the date of the Closing being referred to as
the “Closing Date”). At the Closing, the Company will issue to the Subscriber the Units, registered in the name of
the Subscriber, against delivery of the Purchase Price in cash via a wire to an account specified in writing by the Company no
later than five (5) business days prior to the Closing.


 


3.2       Conditions
to Closing of the Company.


 


The Company’s
obligations to sell and issue the Securities at the Closing are subject to the fulfillment of the following conditions:


 


3.2.1       Representations.
The representations made by the Subscriber in Section 2 of this Agreement shall be true and correct in all material respects when
made, and shall be true and correct in all material respects on the applicable Closing Date.


 


3.2.2       Blue
Sky. The Company shall have obtained all necessary Blue Sky law permits and qualifications, or secured an exemption therefrom,
required by any state for the offer and sale of the Securities.


 


3.3       Conditions
to Closing of the Subscriber.


 


The Subscriber’s
obligation to purchase the Securities at the Closing is subject to the fulfillment on or prior to the Closing Date of each of the
following conditions:


 


3.3.1       Representations
and Warranties Correct. The representations and warranties made by the Company in Section 2 hereof shall be true and correct
in all material respects when made and shall be true and correct in all material respects on and as of the Closing Date (unless
they specifically speak as of another date in which case they shall be true and correct in all material respects as of such date)
with the same force and effect as if they had been made on and as of said date.


 


3.3.2       Covenants.
All covenants, agreements and conditions contained in this Agreement to be performed by the Company on or prior to the Closing
Date shall have been performed or complied with in all material respects.


 


3.3.3       Blue
Sky. The Company shall have obtained all necessary Blue Sky law permits and qualifications, or secured an exemption therefrom,
required by any state for the offer and sale of the Securities.


 






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3.3.4       Subscriber
Consent. The Subscriber shall have given written consent (in its capacity as a party to this agreement and not as a director
or existing stockholder) to the Business Combination (which it may withhold at its sole discretion and which may be based upon,
among other things, the Subscriber’s underwriting standards at the time) which shall be withheld or granted no later than
ten (10) days after receipt of notification that the Board of the Company has met and agreed to enter into a definitive acquisition
agreement for the Business Combination. The Business Combination shall be consummated concurrently with the Closing but only on
substantially the terms approved by the Subscriber without any waiver of any failure to satisfy a condition to close the Business
Combination, except for waivers of satisfying conditions to close the Business Combination the failure of which, in the aggregate,
are reasonably deemed to be immaterial.


 


3.3.5       Ancillary
Documents. The Company and Subscriber shall have entered into a registration rights agreement as described in Section 5.4.


 


3.3.6       IPO
Closing. The Company shall have consummated an IPO raising at least $200 million in gross proceeds.


 


4.       Terms
of the Units and Warrants.


 


4.1       The
Warrants will be substantially identical to the Warrants to be included in the units offered in the IPO as set forth in the Warrant
Agreement to be entered into with Continental Stock Transfer and Trust Company at or prior to the IPO (the “Warrant Agreement”),
except that the Warrants: (i) will be non-redeemable so long as they are held by the initial holder thereof (or any of its permitted
transferees), and (ii) are exercisable on a “cashless” basis if held by Subscriber or its permitted transferees.


 


4.2       The
Units and their component parts will be substantially identical to the units to be offered in the IPO except that the Units and
component parts are being purchased pursuant to an exemption from the registration requirements of the Securities Act and will
become freely tradable only after they are registered pursuant to the Registration Rights Agreement to be signed on or before the
date of the Company’s registration statement to be filed in connection with the IPO, as amended at the time it becomes effective
(the “Registration Statement”).


 


5.       Restrictions
on Transfer.


 


5.1       Securities
Law Restrictions. Subscriber agrees not to sell, transfer, pledge, hypothecate or otherwise dispose of all or any part of the
Securities unless, prior thereto (a) a registration statement on the appropriate form under the Securities Act and applicable state
securities laws with respect to the Securities 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.


 






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


 


“THE SECURITIES REPRESENTED HEREBY
HAVE NOT BEEN REGISTERED UNDER THE 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.”


 


5.3       Additional
Units 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 Ordinary Shares, a spin-off, a share split, an adjustment in conversion ratio, a recapitalization
or a similar transaction affecting the Company’s outstanding Ordinary Shares without receipt of consideration (other than
those occurring at the time of the IPO in connection with a change in the size of the offering), any new, substituted or additional
securities or other property which are by reason of such transaction distributed with respect to any Securities subject to this
Section 5.3 or into which such Securities thereby become convertible shall immediately be subject to this Section 5.3 and Section
3. Appropriate adjustments to reflect the distribution of such securities or property shall be made to the number and/or class
of Securities subject to this Section 5.3 and Section 3. The Securities shall not be subject to forfeiture upon failure of the
underwriters to exercise their over-allotment option in the IPO.


 


5.4       Registration
Rights. Subscriber acknowledges that the Securities are being 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 which shall be on the same
terms as such registration rights granted to Thunder Bridge Acquisition LLC.


 


6.       Other
Agreements.


 


6.1       Further
Assurances. Each of the Company and 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.


 






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6.3       Entire
Agreement. This Agreement substantially in the form to be filed as an exhibit to the Registration Statement, embodies the entire
agreement and understanding between 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 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.
The rights and obligations under this Agreement may not be assigned by either party hereto without the prior written consent of
the other party, except to an affiliate of the Subscriber, which Subscriber is free to do at its sole discretion.


 


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 New York 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.


 






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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.


 


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.


 






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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.


 


6.17       Right
of First Refusal. Subject to Subscriber’s having timely given written consent to the Business Combination as contemplated
by Section 3.3.4 the Company hereby grants the Subscriber a right of first refusal with respect to fifty-one percent of any issuances
of debt by the Company in connection with the Business Combination and the right to be lead agent and arranger with respect to
such debt. The Company shall notify the Subscriber of the principal terms of any proposed issuance of debt in connection with the
Business Combination. Such notice shall contain an offer to allow Subscriber or one or more of its affiliates to make at least
fifty-one percent of such loan or purchase at least fifty-one percent of such debt securities and to act as lead agent and arranger.
If the Subscriber chooses to accept, the Subscriber shall have 15 business days from the date of such notice to provide a commitment
letter accepting such right of first refusal; provided, however, that this 15 business day period shall be tolled until the Company
has entered into a definitive agreement with respect to such Business Contribution. In the event the Subscriber does not elect
to make a loan or purchase such debt securities, the Company shall be free to make such loan or sell such debt securities on the
terms contained in such notice.


 


7.       Tender
or Redemption of Shares. The Subscriber agrees not to tender any Shares in connection with a tender or redemption offer presented
to the Company’s stockholders in connection with the Business Combination.


 


8.       Indemnification.
Each party shall indemnify the other against any loss, cost or damages (including reasonable attorney’s fees and expenses)
incurred as a result of such party’s breach of any representation, warranty, covenant or agreement in this Agreement..


 


9.       Term.
The Subscriber’s obligation to acquire the Securities hereunder, and the Company’s obligation to sell the
Securities hereunder, shall be in effect until the earlier of (i) the consummation of the Business Combination within the
time frame permitted by the Company’s amended and restated certificate of incorporation (the “Charter”),
which, as of the date hereof, is expected to be 18  months from the consummation of the IPO, including any extensions beyond
such term effected pursuant to the terms of the Charter, and (ii) the liquidation of the Company in the event that the
Company is unable to consummate the Business Combination within the time frame permitted by the Charter (including any
extensions).


 


10.       Disclosure.
The Subscriber hereby acknowledges that (i) the terms of this Agreement will be disclosed in the Registration Statement, (ii) this
Agreement will be filed with the Securities and Exchange Commission as an exhibit to the Registration Statement and (iii) the Company
will disclose the terms of this Agreement to potential IPO investors and to potential Business Combination targets.


 


11.       Waiver
of Claims Against Trust. The Subscriber hereby acknowledges that it is aware that the Company will establish a trust account
(the “Trust Account”) for the benefit of its public stockholders upon the closing of the IPO. The Subscriber, for itself
and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust
Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation
rights, if any, the Subscriber may have in respect of any Shares issued as part of the units sold in the IPO (“Public Shares”)
held by the Subscriber. The Subscriber hereby agrees that it shall have no right of set-off or any right, title, interest or claim
of any kind (“Claim”) to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to
any monies in, the Trust Account that it may have now or in the future, except for redemption and liquidation rights, if any, the
Subscriber may have in respect of any Public Shares held by the Subscriber. In the event the Subscriber has any Claim against the
Company under this Agreement, the Subscriber shall pursue such Claim solely against the Company and its assets outside the Trust
Account and not against the property or any monies in the Trust Account, except for redemption and liquidation rights, if any,
the Subscriber may have in respect of any Public Shares held by the Subscriber.


 


[Signature Page Follows]


 






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



 


Accepted
and agreed this 19th day of April, 2018.


 


MONROE
CAPITAL LLC,

a Delaware limited liability company


 


	By:	/s/
    Theodore L. Koenig	 
	Name:	Theodore
    L. Koenig	 
	Title:	President
    and Chief Executive Officer	 



 


Agreed
and acknowledged this 19th day of April, 2018.


THUNDER
BRIDGE ACQUISITION LLC,


 





	By:	/s/
    Gary A. Simanson	 
	Name:	Gary
    A. Simanson	 
	Title:	Managing
    Member	 



 


 


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