Document:

Exhibit 10.11

 

Execution Version

 

 

 

 

SHAREHOLDER
AGREEMENT

 

DATED               ,

 

 

 

 

 

 

     

     

    

 

TABLE OF CONTENTS

 

	 	 	Page
	 	 	 
	ARTICLE I DEFINITIONS	1
	 	 	 
	1.1	Definitions	1
	 	 	 
	1.2	Construction	5
	 	 	 
	ARTICLE II CORPORATE GOVERNANCE MATTERS	5
	 	 	 
	2.1	Election of Directors.	5
	 	 	 
	2.2	Committee	7
	 	 	 
	2.3	Compensation	7
	 	 	 
	2.4	Reimbursement of Expenses	7
	 	 	 
	2.5	Indemnification Priority	8
	 	 	 
	2.6	Other Rights of FF Top Designees	8
	 	 	 
	ARTICLE III ADDITIONAL COVENANTS	8
	 	 	 
	3.1	Pledges	8
	 	 	 
	3.2	Spin-Offs or Split Offs	9
	 	 	 
	ARTICLE IV GENERAL PROVISIONS	9
	 	 	 
	4.1	Termination	9
	 	 	 
	4.2	Notices	9
	 	 	 
	4.3	Amendment; Waiver	10
	 	 	 
	4.4	Further Assurances	10
	 	 	 
	4.5	Assignment	10
	 	 	 
	4.6	Third Parties	10
	 	 	 
	4.7	Governing Law	10
	 	 	 
	4.8	Jurisdiction; Waiver of Jury Trial	11
	 	 	 
	4.9	Specific Performance	11
	 	 	 
	4.10	Entire Agreement	11
	 	 	 
	4.11	Severability	11
	 	 	 
	4.12	Table of Contents, Headings and Captions	12
	 	 	 
	4.13	Grant of Consent	12
	 	 	 
	4.14	Counterparts	12
	 	 	 
	4.15	Effectiveness; Termination	12
	 	 	 
	4.16	No Recourse	12

 

    i

     

    

 

SHAREHOLDER AGREEMENT

 

This Shareholder Agreement
is entered into as of [●] by and between Faraday Future Intelligent Electric Inc., a Delaware corporation (the “Company”),
and FF Top Holding LLC, a Delaware limited liability company (“FF Top” or the “Shareholder”).

 

RECITALS

 

WHEREAS, the
Company, PSAC Merger Sub Ltd., an exempted company with limited liability incorporated under the laws of the Cayman Islands (“Merger
Sub”), and FF Intelligent Mobility Global Holdings Ltd., an exempted company with limited liability incorporated under
the laws of the Cayman Islands (“FF Intelligent”), have entered into an Agreement and Plan of Merger, dated
January 27, 2021 (as the same may be amended from time to time, the “Merger Agreement”);

 

WHEREAS, pursuant
to the Merger Agreement, subject to the terms and conditions thereof, upon the consummation of the transactions contemplated thereby
(the “Closing”), among other matters, Merger Sub will be merged with and into FF Intelligent with FF Intelligent
continuing as the surviving entity and a wholly-owned subsidiary of the Company (the “Transaction”); and

 

WHEREAS, in
connection with the Transaction, the Company and the Shareholder wish to set forth certain understandings between such parties,
including with respect to certain governance matters.

 

NOW THEREFORE,
in consideration of the foregoing and the mutual promises, covenants and agreements of the parties hereto, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

ARTICLE I

DEFINITIONS

 

1.1  Definitions.
Capitalized terms used in this Agreement shall have the respective meanings set forth below:

 

“Affiliate”
has the meaning set forth in Rule 12b-2 promulgated under the Exchange Act, as in effect on the date hereof; provided that
the Company and each of its Subsidiaries shall not be deemed to be Affiliates of the Shareholder.

 

“Agreement”
means this Shareholders Agreement, as the same may be amended, supplemented, restated or otherwise modified from time to time in
accordance with the terms hereof.

 

“Beneficially
Own” has the meaning set forth in Rule 13d-3 promulgated under the Exchange Act.

 

“Board”
means the Board of Directors of the Company.

 

    1

     

    

 

“Business
Day” means a day other than a Saturday, Sunday or other day on which commercial banks in New York, New York, Los Angeles,
California or the Cayman Islands are authorized or required by Law to close.

 

“Closing”
has the meaning set forth in the Recitals.

 

“Closing Date”
means the date of the closing of the Transaction.

 

“Common Stock”
means the Company’s Class A common stock and Class B common stock, in each case with a par value of $0.0001 per share.

 

“Company”
has the meaning set forth in the Preamble.

 

“Control”
(including its correlative meaning, “Controlled”) means possession, directly or indirectly, of the power to
direct or cause the direction of management or policies (whether through ownership of securities or partnership or other ownership
interests, by contract or otherwise) of a Person.

 

“Director”
means any director of the Company from time to time.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, as
the same may be amended from time to time.

 

“FF Intelligent”
has the meaning set forth in the Recitals.

 

“FF Top”
has the meaning set forth in the Recitals.

 

“FF Top Designee”
has the meaning set forth in Section 2.1(b) hereof.

 

“Governmental
Authority” means any federal, state, provincial, municipal, local or foreign government, governmental authority, regulatory
or administrative agency, governmental commission, department, board, bureau, agency or instrumentality, court or tribunal.

 

“Indemnification
Agreements” has the meaning set forth in Section 2.5.

 

“Indemnitee”
has the meaning set forth in Section 2.5.

 

“Independent
Director” means an individual serving on the board of directors of a company who is “independent” as determined
in accordance with the rules and regulations of the Nasdaq Stock Market and the SEC.

 

“Law”
means any statute, law, regulation, ordinance, rule, injunction, order, judgment, decree, writ, governmental approval, directive,
requirement, other governmental restriction or any similar form of decision of, or determination by, or any interpretation or administration
of any of the foregoing by, any Governmental Authority.

 

“Observation
Election” has the meaning set forth in Section 2.7.

 

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“Merger Agreement”
has the meaning set forth in the Recitals.

 

“Merger Sub”
has the meaning set forth in the Recitals.

 

“Necessary
Action” means, with respect to any party and a specified result, all actions (to the extent such actions are not prohibited
by applicable Law, within such party’s control and do not directly conflict with any rights expressly granted to such party
in this Agreement, the Merger Agreement, the lock-up agreements, the certificate of incorporation or bylaws of the Company) reasonably
necessary and desirable within his, her or its control to cause such result, including, (i) calling special meetings of the Board,
any committee of the Board and the shareholders of the Company, (ii) causing the Board or any committee of the Board to adopt relevant
resolutions (subject to any applicable fiduciary duties), (iii) voting or providing a proxy with respect to shares of Common Stock
and other securities of the Company generally entitled to vote in the election of Directors of the Company Beneficially Owned by
such party, (iv) causing the adoption of shareholders’ resolutions and amendments to the certificate of incorporation or
the bylaws of the Company, including executing written consents in lieu of meetings, (v) executing agreements and instruments,
(vi) causing members of the Board (to the extent such members were elected, nominated or designated by the party obligated to undertake
such action) to act (subject to any applicable fiduciary duties) in a certain manner or causing them to be removed in the event
they do not act in such a manner and (vii) making, or causing to be made, with governmental, administrative or regulatory authorities,
all filings, registrations or similar actions that are required to achieve such a result. 

 

“NewCo”
has the meaning set forth in Section 3.2.

 

“Person”
means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust,
a joint venture, an unincorporated organization, or other form of business organization, whether or not regarded as a legal entity
under applicable Law, or any Governmental Authority or any department, agency or political subdivision thereof.

 

“Transaction”
has the meaning set forth in the Recitals.

 

“SEC”
means the U.S. Securities and Exchange Commission.

 

“Secondary
Indemnitors” has the meaning set forth in Section 2.5.

 

“Shareholder”
has the meaning set forth in the Preamble.

 

“Shareholder
Share Percentage” means on the date of determination the aggregate voting power of the shares of Common Stock and other
securities of the Company generally entitled to vote in the election of Directors of the Company Beneficially Owned (which for
the avoidance of doubt, shall include such shares whose voting rights have been granted to FF Top with conditions to be revoked
solely based on the fiduciary duty of the trustee or for reason that grant of proxy for a vote will reasonably be expected to materially
and adversely affect the interests of the holders of such shares) by the Shareholder and its Affiliates (excluding any shares held
by the Company and its Subsidiaries), divided by the total voting power of the then outstanding shares of Common Stock issued as
of the record date for any meeting of shareholders of the Company at which (or any solicitation of written consent pursuant to
which) Directors are to be elected.

 

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“Subsidiary”
means, with respect to any Person, any corporation, limited liability company, partnership, association or other business entity
of which: (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence
of any contingency) to vote in the election of directors, representatives or trustees thereof is at the time owned or Controlled,
directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or any combination thereof; or (ii)
if a limited liability company, partnership, association or other business entity, a majority of the total voting power of stock
(or equivalent ownership interest) of the limited liability company, partnership, association or other business entity is at the
time owned or Controlled, directly or indirectly, by that Person or one or more Subsidiaries of that Person or any combination
thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability
company, partnership, association or other business entity if such Person or Persons shall (a) be allocated a majority of limited
liability company, partnership, association or other business entity gains or losses, or (b) Control the managing member, managing
director or other governing body or general partner of such limited liability company, partnership, association or other business
entity.

 

“Total Number
of Directors” means the total number of directors comprising the Board from time to time.

 

“Transfer”
(including its correlative meaning, “Transferee”) means, with respect to any security, directly or indirectly,
to sell, contract to sell, give, assign, hypothecate, pledge, encumber, grant a security interest in, offer, sell any option or
contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise
transfer or dispose of any economic, voting or other rights in or to such security. When used as a noun, “Transfer”
shall have such correlative meaning as the context may require.

 

1.2  Construction.
The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and
no rule of strict construction will be applied against any party. Unless the context otherwise requires: (a) “or” is
disjunctive but not exclusive, (b) words in the singular include the plural, and in the plural include the singular, (c) the words
“hereof,” “herein,” “hereunder” and words of similar import when used in this Agreement refer
to this Agreement as a whole and not to any particular provision of this Agreement, and section and subsection references are to
this Agreement unless otherwise specified, (d) the term “including” is not limiting and means “including without
limitation,” and (e) whenever the context requires, any pronouns used herein shall include the corresponding masculine, feminine
or neuter forms.

 

    4

     

    

 

ARTICLE II

CORPORATE GOVERNANCE MATTERS

 

2.1  Election
of Directors.

 

(a) At
the Closing Date, the Company and the Shareholder shall take all Necessary Action to cause the Board to be comprised of nine (9)
directors, one of whom shall be the Chief Executive Officer of the Company. As of the date hereof, the Chief Executive Officer
of the Company is Dr. Carsten Breitfeld. At the Closing Date, the Board shall initially be composed of the following individuals:
[Dr. Carsten Breitfeld], [●], [●]1,
[●], [●], [●], [●],2
Jordan Vogel and Philip Kassin (the “Initial Board”), and the Company shall take all Necessary Action to cause
the Initial Board to be nominated for another one-year term at the Company’s first annual meeting following such appointment.
[●]3 shall be deemed as the
“FF Top Designees” for the Company’s first and second annual meetings following the initial appointment of such
directors, the resignation of which and the filling of a vacancy shall be subject to Section 2.1(c). The Shareholder shall take
all Necessary Action to cause the election of the Initial Board at the Company’s first annual meeting.

 

(b) Following
the Closing Date and so long as the Shareholder Share Percentage exceeds 5%, FF Top shall have the right, but not the obligation,
to nominate, and the individuals nominated for election as Directors by or at the direction of the Board or the Nominating and
Corporate Governance Committee shall include, a number of individuals not less than the number equal to the Total Number of Directors
multiplied by the Shareholder Share Percentage (rounding up to the next whole director) (the “FF Top Designees”).
FF Top agrees that no FF Top Designee shall be subject to any “bad actor” disqualifying event described in Rule 506(d)(1)(i)-(viii)
promulgated under the Securities Act of 1933, as amended[, and that all such FF Top Designees shall be subject to the prior and
reasonable approval of the Nominating and Corporate Governance Committee]4.
FF Top further agrees that, until the Company is a “controlled company” as defined in the rules of the national securities
exchange on which the Common Stock is listed, the FF Top Designees shall include a sufficient number of individuals who are Independent
Directors such that the Board would be comprised of a majority of Independent Directors assuming the election of the FF Top Designees
and the other members of the Board.

 

 

 

		1	Note to Draft: insert names of two directors appointed
by FF Top.

		2	Note to Draft: insert names of four independent
directors nominated by FF Top and reasonably acceptable to Property Solutions.

		4	Note to Draft: to include three members of the Initial
Board (other than Jordan Vogel and Philip Kassin), subject to increase to four members of the Initial Board (other than Jordan
Vogel and Philip Kassin) if and to the extent FF Top obtains a voting agreement from other FF shareholders prior to the Closing.

 

    5

     

    

 

(c) In
the event that a vacancy is created at any time by the death, disability, retirement, removal, failure of being elected or resignation
of any FF Top Designee or for any other reason, any individual nominated by or at the direction of the Board or the Nominating
and Corporate Governance Committee to fill such vacancy shall be, and the Company shall use its reasonable best efforts to cause
such vacancy to be filled, as soon as possible, by a new nominee of FF Top who qualifies as an FF Top Designee, and the Company
shall use its reasonable best efforts to take or cause to be taken, to the fullest extent permitted by Law, at any time and from
time to time, all Necessary Actions to accomplish the same. FF Top has the right to remove any of the FF Top Designees, and the
exclusive right to nominate a replacement nominee to fill any vacancy so created by such removal or resignation of such FF Top
Designee. The Company shall use its reasonable best efforts to take or cause to be taken, to the fullest extent permitted by Law,
at any time and from time to time, all Necessary Actions to facilitate the removal of any of the FF Top Designees that FF Top intends
to remove.

 

(d) The
Company shall, to the fullest extent permitted by Law, take all Necessary Actions to (i) include each FF Top Designee in the slate
of nominees recommended by the Board at any meeting of shareholders called for the purpose of electing directors (or consent in
lieu of meeting), and (ii) include each FF Top Designee in the proxy statement prepared by the management of the Company with respect
to the election of members of the Board and at every adjournment or postponement thereof. The Company shall use reasonable best
efforts consistent with its efforts with respect to the other Board nominees; provided, that such efforts are customary for a U.S.
public traded company, to support the election of the FF Top Designees as directors of the Company; provided, further, that the
Company shall not be required to increase the Total Number of Directors.

 

(e) In
addition to any vote or consent of the Board or the shareholders of the Company required by applicable Law or the certificate of
incorporation, bylaws or other organizational document of the Company, and notwithstanding anything to the contrary in this Agreement,
for so long as this Agreement is in effect, (i) the authorized number of directors on the Board shall be established and remain
at nine (9) until the second annual meeting following the Closing Date, and (ii) any action by the Board to increase or decrease
the Total Number of Directors shall require the prior written consent of FF Top (which consent shall not be unreasonably withheld,
conditioned or delayed), delivered in accordance with Section 4.2 hereof; provided, that in connection with any increase
or decrease in the Total Number of Directors, the number of FF Top Designees required to be Independent Directors under Section
2.1(b) shall be increased or decreased as may be necessary.

 

 

 

		4	Note to Draft: To be removed pending resolution
of the initial director slate.

 

    6

     

    

 

(f) Upon
any decrease in the number of directors that FF Top is entitled to designate for nomination to the Board, FF Top shall, promptly
at the request of the Board, take all Necessary Actions to cause the appropriate number of FF Top Designees to offer to tender
their resignation.

 

(g)  From
and after the Closing until the occurrence of a Qualifying Equity Market Capitalization (as defined in the Company’s Certificate
of Incorporation as of the Closing Date), the Company agrees not to elect to be treated as a “controlled company” as
defined in the rules of the national securities exchange on which the Common Stock is listed.

 

2.2  Committee.

 

(a)  For
so long as this Agreement is in effect, the Company shall take all Necessary Actions at any given time so as to cause to be appointed
to any committee of the Board a number of FF Top Designees such that the number of FF Top Designees serving on any such committee
is proportionate (rounding up to the next whole director) to the number of directors that FF Top is entitled to designate to the
Board under this Agreement, to the extent such directors are permitted to serve on such committees under the applicable rules and
regulations of the SEC or the applicable stock exchange on which the shares of Common Stock of the Company are listed. It is understood
by the parties hereto that FF Top shall not be required to have the FF Top Designees represented on any committee and any failure
to exercise such right in this Section 2.2 in a prior period shall not constitute any waiver of such right in a subsequent
period.

 

(b)  From
and after the Closing, the Company shall, and shall take all Necessary Action to, cause the Board to establish and maintain (i)
a Nominating and Corporate Governance Committee comprised solely of Independent Directors, one of whom shall be Jordan Vogel as
the sole director designee of Riverside Management Group, LLC and Property Solutions Acquisition Corp. so long as Jordan Vogel
is a director of the Company, and (ii) a Finance and Investment Committee that shall include Jerry Wang as a non-voting member
so long as Jerry Wang is an officer of the Company.

 

2.3  Compensation.
Except to the extent FF Top may otherwise notify the Company, the FF Top Designees serving on the Board that are not employees
of the Company or any of its Subsidiaries shall be entitled to compensation consistent with the compensation received by other
non-employee Directors, including any fees and equity awards.

 

2.4  Reimbursement
of Expenses. The Company shall pay the reasonable and documented out-of-pocket expenses incurred by each FF Top Designee serving
on the Board in connection with such FF Top Designee’s services provided to or on behalf of the Company, including attending
meetings or events on behalf of the Company at the Company’s request.

 

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2.5  Indemnification
Priority. The Company hereby acknowledges that, in addition to the rights provided to each FF Top Designee serving on the Board
or other indemnified person covered by any such indemnity insurance policy (any such Person, an “Indemnitee”)
or any indemnification agreement that such Indemnitee may enter into with the Company from time to time (the “Indemnification
Agreements”), the Indemnitees may have certain rights to indemnification, advancement of expenses and/or insurance provided
by FF Top or one or more of their respective Affiliates (collectively, the “Secondary Indemnitors”). Notwithstanding
anything to the contrary in any of the Indemnification Agreements, the Company hereby agrees that, to the fullest extent permitted
by Law, with respect to its indemnification and advancement obligations to the Indemnitees under the Indemnification Agreements,
this Agreement or otherwise, the Company (i) is the indemnitor of first resort (i.e., its and its insurers’ obligations to
advance expenses and to indemnify the Indemnitees are primary and any obligation of the Secondary Indemnitors or their insurers
to advance expenses or to provide indemnification for the same expenses or liabilities incurred by any of the Indemnitees is secondary
and excess), and (ii) shall be required to advance the full amount of expenses incurred by each Indemnitee, without regard to any
rights such Indemnitees may have against the Secondary Indemnitors or their insurers; provided, such Indemnitee shall have
delivered to the Company an undertaking, by or on behalf of such Indemnitee, to repay all amounts so advanced if it shall ultimately
be determined by final judicial decision from which there is no further right to appeal that such Indemnitee is not entitled to
be indemnified for such expenses. The Company agrees that any Secondary Indemnitor or insurer thereof not a party hereto shall
be an express third party beneficiary of this Section 2.5, able to enforce such clause according to its terms as if it were
a party hereto. Nothing contained in the Indemnification Agreements is intended to limit the scope of this Section 2.5 or
the other terms set forth in this Agreement or the rights of the Secondary Indemnitors or their insurers hereunder.

 

2.6  Other
Rights of Designees. Except as provided in Sections 2.3, 2.4 and 2.5, each FF Top Designee and the other
members serving on the Board shall be entitled to the same rights and privileges applicable to all other members of the Board generally
or to which all such members of the Board are entitled. In furtherance of the foregoing, subject to Company’s certificate
of incorporation and/or bylaws, the Company shall indemnify, exculpate, and advance fees and expenses of the FF Top Designees and
the other members serving on the Board (including by entering into an indemnification agreement in a form substantially similar
to the Company’s form director indemnification agreement) and provide such FF Top Designees and the other members with director
and officer insurance to the same extent it indemnifies, exculpates, reimburses and provides insurance for the other members of
the Board pursuant to the certificate of incorporation and/or the bylaws of the Company, applicable Law or otherwise.

 

ARTICLE
III

ADDITIONAL COVENANTS 

 

3.1  Pledges.
Upon the written request of the Shareholder to pledge, hypothecate or grant security interests in any or all of the shares of Common
Stock held by it, including to banks or financial institutions as collateral or security for loans, advances or extensions of credit,
the Company agrees to cooperate with the Shareholder in taking any action reasonably necessary to consummate any such pledge, hypothecation
or grant, including, delivery of letter agreements to lenders in form and substance reasonably satisfactory to such lenders (which
may include agreements by the Company in respect of the exercise of remedies by such lenders) and, subject to applicable Law, instructing
the transfer agent to transfer any such shares of Common Stock subject to the pledge, hypothecation or grant into the facilities
of The Depository Trust Company without restricted legends.

 

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3.2  Spin-Offs
or Split Offs. In the event that the Company effects the separation of any material portion of its business into one or more
entities (each, a “NewCo”), whether existing or newly formed, including by way of spin-off, split-off, carve-out,
demerger, recapitalization, reorganization or similar transaction, and the Shareholder will receive equity interests in any such
NewCo as part of such separation, the Company shall cause any such NewCo to enter into a shareholders agreement with the Shareholder
that provides the Shareholder with rights vis-á-vis such NewCo that are substantially identical to those set forth in this
Agreement.

 

ARTICLE IV

GENERAL PROVISIONS 

 

4.1  Termination.
Except for Section 2.5 hereof and this Article IV, this Agreement shall terminate at such time as FF Top is no longer
entitled to designate a director pursuant to Section 2.1(b) hereof.

 

4.2  Notices.
Any notice, designation, request, request for consent or consent provided for in this Agreement shall be in writing and shall be
either personally delivered, sent by electronic mail or sent by reputable overnight courier service (charges prepaid) to the Company
at the address set forth below and to any other recipient at the address indicated on the Company’s records, or at such address
or to the attention of such other Person as the recipient party has specified by prior written notice to the sending party. Notices
and other such documents will be deemed to have been given or made hereunder when delivered personally or sent by electronic mail
during normal business hours (and otherwise as of the immediately following Business Day) and one (1) Business Day after deposit
with a reputable overnight courier service.

 

If to the Company, to:

 

c/o Faraday & Future

18455 S. Figueroa Street

Los Angeles, CA 90248

Attention: General Counsel

E-mail: jarret.johnson@ff.com

 

with a copy (which shall not constitute notice) to:

 

Sidley Austin LLP

1999 Avenue of the Stars, 17th Floor

Attention: Vijay S. Sekhon, Esq.

Email: vsekhon@sidley.com

 

If to FF Top, to:

 

[Address]

Attention: [●]

E-mail: [●]

 

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4.3  Amendment;
Waiver. This Agreement may be amended, supplemented or otherwise modified only by a written instrument executed by the parties
hereto. Neither the failure nor delay on the part of any party hereto to exercise any right, remedy, power or privilege under this
Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege
preclude any other or further exercise of the same or of any other right, remedy, power or privilege, nor shall any waiver of any
right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege
with respect to any other occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted
to have granted such waiver.

 

4.4  Further
Assurances. The parties hereto will sign such further documents, cause such meetings to be held, resolutions passed, exercise
their votes and do and perform and cause to be done such further acts and things necessary, proper or advisable in order to give
full effect to this Agreement and every provision hereof. To the fullest extent permitted by Law, the Company shall not directly
or indirectly take any action that is intended to, or would reasonably be expected to result in, the Shareholder being deprived
of the rights contemplated by this Agreement.

 

4.5  Assignment.
This Agreement may not be directly or indirectly assigned or Transferred (by operation of Law or otherwise) without the express
prior written consent of the other party hereto, and any attempted assignment, without such consents, will be null and void; provided,
however, that the Shareholder may assign to any of its wholly owned Subsidiaries all of its rights hereunder and, following such
assignment, such assignee shall be deemed to be the Shareholder for all purposes of this Agreement. This Agreement will inure to
the benefit of and be binding on the parties hereto and their respective successors and permitted assigns.

 

4.6  Third
Parties. Except as provided for in Section 2.1 and Section 2.5, this Agreement does not create any rights, claims
or benefits inuring to any person that is not a party hereto nor create or establish any third party beneficiary hereto. For the
avoidance of doubt, the parties hereto acknowledge that the named individuals in Section 2.1(a) who are not signatories hereto
are intended third party beneficiaries and entitled to enforce this Agreement directly against any party hereto as if such named
individuals were named herein as a party.

 

4.7  Governing
Law. THIS AGREEMENT AND ITS ENFORCEMENT AND ANY CONTROVERSY ARISING OUT OF OR RELATING TO THE MAKING OR PERFORMANCE OF THIS
AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO DELAWARE’S
PRINCIPLES OF CONFLICTS OF LAW. IN THE EVENT OF A CONFLICT BETWEEN THIS AGREEMENT AND THE COMPANY’S CERTIFICATE OF INCORPORATION
AND/OR BYLAWS, THE PROVISIONS OF THIS AGREEMENT SHALL SUPERSEDE THE COMPANY’S CERTIFICATE OF INCORPORATION AND/OR BYLAWS
WITH RESPECT TO SUCH CONFLICTING SUBJECT MATTER.

 

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4.8  Jurisdiction;
Waiver of Jury Trial. Each party hereto hereby (i) agrees that any action, directly or indirectly, arising out of, under or
relating to this Agreement shall exclusively be brought in and shall exclusively be heard and determined by the federal and state
courts located in the State of Delaware and (ii) solely in connection with the action(s) contemplated by subsection (i) hereof,
(A) irrevocably and unconditionally consents and submits to the exclusive jurisdiction of the courts identified in subsection (i)
hereof, (B) irrevocably and unconditionally waives any objection to the laying of venue in any of the courts identified in clause
(i) of this Section 4.8, (C) irrevocably and unconditionally waives and agrees not to plead or claim that any of the courts
identified in such clause (i) is an inconvenient forum or does not have personal jurisdiction over any party hereto, and (D) agrees
that mailing of process or other papers in connection with any such action in the manner provided herein or in such other manner
as may be permitted by applicable Law shall be valid and sufficient service thereof. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES,
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY CLAIM OR ACTION DIRECTLY
OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE SERVICES CONTEMPLATED HEREBY.

 

4.9  Specific
Performance. Each party hereto acknowledges and agrees that in the event of any breach of this Agreement by any of them, the
other parties hereto would be irreparably harmed and could not be made whole by monetary damages. Each party accordingly agrees
to waive the defense in any action for specific performance that a remedy at Law would be adequate and agrees that the parties,
in addition to any other remedy to which they may be entitled at Law or in equity, shall be entitled to specific performance of
this Agreement without the posting of a bond.

 

4.10  Entire
Agreement. This Agreement sets forth the entire understanding of the parties hereto with respect to the subject matter hereof.
There are no agreements, representations, warranties, covenants or understandings with respect to the subject matter hereof or
thereof other than those expressly set forth herein and therein. This Agreement supersedes all other prior agreements and understandings
between the parties with respect to such subject matter.

 

4.11  Severability.
If any provision of this Agreement, or the application of such provision to any Person or circumstance or in any jurisdiction,
shall be held to be invalid or unenforceable to any extent, (i) the remainder of this Agreement shall not be affected thereby,
and each other provision hereof shall be valid and enforceable to the fullest extent permitted by Law, (ii) as to such Person or
circumstance or in such jurisdiction such provision shall be reformed to be valid and enforceable to the fullest extent permitted
by Law, and (iii) the application of such provision to other Persons or circumstances or in other jurisdictions shall not be affected
thereby.

 

    11

     

    

 

4.12  Table
of Contents, Headings and Captions. The table of contents, headings, subheadings and captions contained in this Agreement are
included for convenience of reference only, and in no way define, limit or describe the scope of this Agreement or the intent of
any provision hereof.

 

4.13  Grant
of Consent. Any vote, consent or approval of, or designation by, or other action of, the Shareholder hereunder shall be effective
if notice of such vote, consent, approval, designation or other action is provided in accordance with Section 4.2 hereof
by the Shareholder as of the latest date any such notice is so provided to the Company.

 

4.14  Counterparts.
This Agreement and any amendment hereto may be signed in any number of separate counterparts, and may be delivered by means of
electronic transmission in portable document format, each of which shall be deemed an original, but all of which taken together
shall constitute one Agreement (or amendment, as applicable).

 

4.15  Effectiveness;
Termination. This Agreement shall become effective upon the Closing Date, and shall automatically terminate upon the valid
termination of the Merger Agreement pursuant to its terms.

 

4.16  No
Recourse. This Agreement may only be enforced against, and any claims or cause of action that may be based upon, arise out
of or relate to this Agreement, or the negotiation, execution or performance of this Agreement, the transactions contemplated hereby
or the subject matter hereof may only be made against the parties hereto and no past, present or future Affiliate, director, officer,
employee, incorporator, member, manager, partner, shareholder, agent, attorney or representative of any party hereto or any past,
present or future Affiliate, director, officer, employee, incorporator, member, manager, partner, shareholder, agent, attorney
or representative of any of the foregoing (each, a “Non-Recourse Party”) shall have any liability for any obligations
or liabilities of the parties to this Agreement or for any claim based on, in respect of, or by reason of, the transactions contemplated
hereby. Without limiting the rights of any party against the other parties hereto, in no event shall any party or any of its Affiliates
seek to enforce this Agreement against, make any claims for breach of this Agreement against, or seek to recover monetary damages
from, any Non-Recourse Party.

 

[Remainder of page intentionally left blank]

 

    12

     

    

 

IN WITNESS WHEREOF, the parties hereto
have executed this Agreement as of the date first written above.

 

	 	[●]
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

     

     

    

 

IN WITNESS WHEREOF, the parties hereto
have executed this Agreement as of the date first written above.

 

	 	FF TOP HOLDING LTD.
	 	 
	 	By:	 
	 	 	Name: 
	 	 	Title:Exhibit 10.12

 

Execution Version

 

TRANSACTION SUPPORT AGREEMENT

 

This Transaction Support
Agreement (this “Agreement”) is made and entered into as of January 27, 2021 by and among the following
parties:

 

		i.	FF Intelligent Mobility Global Holdings Ltd., an exempted company with limited liability incorporated
under the Laws of the Cayman Islands, whose registered office is at the offices of Walkers Corporate Limited, Cayman Corporate
Centre, 27 Hospital Road, George Town, Grand Cayman KY1-9008, Cayman Islands (the “Company”);

 

		ii.	Property Solutions Acquisition Corp., a Delaware corporation (“Acquiror”);

 

		iii.	FF Top Holding Limited, a business company established under the laws of British Virgin Islands,
whose registered office is at the offices of Conyers Trust Company (BVI) Limited Commerce House, Wickhams Cay 1, P.O. Box 3 140,
Road Town, Tortola VG1110, British Virgin Islands (“FF Top”); and

 

		iv.	solely with respect to Section 2.01(e), Yueting Jia (“YT” and, collectively,
with the Company, Acquiror and FF Top, the “Parties,” and each, a “Party”).

 

RECITALS

 

WHEREAS, the
Company is negotiating with Acquiror with respect to the proposed business combination between the Company and the Acquiror substantially
on the terms set forth in the Faraday Future Transaction Support Agreement Outline of Terms attached hereto as Exhibit A
(or another term sheet containing substantially similar terms to be presented by the Company to FF Top, the “TSA Term
Sheet”, and such acquisition, the “Transaction”); and

 

WHEREAS, to
induce Acquiror to enter into a definitive agreement with the Company and other parties thereto to effectuate the Transaction (the
“Merger Agreement”), the Parties have agreed to take certain actions in support of the Transaction on
the terms and conditions set forth in this Agreement.

 

     

     

    

 

NOW, THEREFORE,
in consideration of the covenants and agreements contained herein, and for other valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, each Party, intending to be legally bound hereby, agrees as follows:

 

AGREEMENT

 

Section
1.  Support; Definitive Documentation.

 

(a) FF
Top hereby agrees to, (i) work with the Company to support and facilitate the Transaction, (ii) approve or vote in favor of
the Transaction, (iii) exercise its drag-along rights pursuant to Article 13.4 of the Sixth Amended and Restated Articles of
Association of the Company, as amended, and any other contract under which FF Top may have similar drag-along rights with the
purpose to cause the Company’s other shareholders’ approval of the Transaction, in each case to the extent
permitted by the applicable provisions, (iv) vote against any action, proposal, transaction or agreement (A) that would
result in a breach in any respect of any representation, warranty, covenant, obligation or agreement of the Company contained
in the Merger Agreement, (B) in competition with or materially inconsistent with the Merger Agreement, (C) any amendment of
the organizational documents of the Company (other than the Seventh Amended and Restated Memorandum of Association and
Articles of Association of the Company in substantially the form attached hereto as Exhibit B), or (D) any
other action or proposal involving the Company and/or any of its subsidiaries that is intended, or would reasonably be
expected, to prevent, impede, interfere with, delay, postpone or adversely affect the Transaction in any material respect or
would reasonably be expected to result in any of the Company’s closing conditions or obligations under the Merger
Agreement not being satisfied, (v) promptly execute the definitive documents, agreements and filings (including with
applicable governmental authorities) related to the Transaction as set out in Exhibit C (collectively, the
“Definitive Documentation”) reasonably required to be executed by FF Top in furtherance of the
Transaction, including (as applicable) the conversion or exchange of Claims (as defined below) into Acquiror’s Common
Stock and the lockup agreement set forth in the TSA Term Sheet, (vi) prior to the earlier of the closing of the Transaction
and the termination of the Merger Agreement in accordance with its terms, not, directly or indirectly, engage in any
transactions involving the securities of Acquiror without the prior consent of Acquiror, (vii) from the date of the execution
of the Merger Agreement until the earlier of the closing of the Transaction and the termination of the Merger Agreement in
accordance with its terms, except in the event that Acquiror has made a Change in Acquiror Board Recommendation (as defined
in the Merger Agreement), not take, whether directly or indirectly, any action to solicit, initiate or engage in discussions
or negotiations with, or enter into any agreement with, or encourage, or provide information to, any person (other than
Acquiror and/or its affiliates) concerning any Acquisition Transaction (as defined in the Merger Agreement) and (viii)
immediately following the execution of the Merger Agreement, cease any and all existing discussions or negotiations with any
person conducted prior to the date of the Merger Agreement with respect to, or which is reasonably likely to give rise to or
result in, an Acquisition Transaction.

 

(b)  FF
Top hereby irrevocably constitutes and appoints the Company, with full power of substitution and re-substitution, as FF Top’s
proxy with (as applicable) the power to vote, in its name, place and stead, each of FF Top’s shares, loans, claims or other
interests related to the Company and/or any of its subsidiaries (each, a “Claim”), and the right to sign
its name to the Definitive Documentation. Such proxy and power of attorney shall be irrevocable except as otherwise set forth in
this Agreement, deemed to be given to secure a proprietary interest of the donee of the power of performance of an obligation owed
to the donee from the date such proxy is granted until the termination of this Agreement and shall survive and not be affected
by the death, dissolution, bankruptcy or incapacity of FF Top.

 

    2

     

    

 

(c) Other than
pursuant to the Definitive Documentation, FF Top shall not grant any proxy or enter into or agree to be bound by any voting
agreement or trust with respect to any Claim or enter into any agreement, arrangement or understanding with any person or
entity that is inconsistent with the terms of this Agreement or knowingly taken any action (nor will enter into any
agreement) that would make any representation or warranty of FF Top contained herein untrue or incorrect in any material
respect or have the effect of preventing FF Top from performing any of its material obligations under this Agreement. FF Top
hereby revokes any and all prior proxies or powers of attorney in respect of FF Top’s Claims.

 

Section
2.  Commitments Regarding the Transaction.

 

2.01. Commitment
of FF Top.

 

		a)	FF Top hereby forever, unconditionally and irrevocably waives, agrees to cause to be waived and
agrees not to (a) exercise any special rights under or pursuant to any agreements, certificates, documents or arrangement including
the Company’s articles and memorandum of association, including without limitation any redemption rights, any preemptive
rights, any consent or notice rights, any rights of first refusal, any payment rights, any appraisal rights or dissenters’
rights in respect of such Party’s Claims that may arise in connection with the Transaction (other than to exercise such Party’s
super-voting rights) or (b) assert any claim or commence any suit (x) challenging the Transaction or this Agreement or any Definitive
Documentation, (y) alleging a breach of any fiduciary or other duty or obligation of the Company or any of its subsidiaries or
their respective officers, directors, employees, affiliates, agents and representatives (“Representatives”)
(including, without limitation, aiding and abetting breach of fiduciary duty) in connection with the evaluation, negotiation or
entry into the Transaction or this Agreement or the consummation of the transactions contemplated thereby or hereby, or (z) allege,
in connection with the evaluation, negotiation, or entry into the Transaction or this Agreement or the consummation of the transactions
contemplated thereby or hereby, a breach of any rights it has or may have pursuant to any agreements, documents, certificates or
instruments related to such Party’s Claims.

 

		b)	FF Top (i) shall not issue or make, or cause to have issued or made, any public release or
                                                                announcement concerning this Agreement or the Transaction without the advance approval in writing of the form and substance
                                                                thereof by the Company and Acquiror, and (ii) shall keep the terms of this Agreement, the Transaction and all information
                                                                concerning the Company and/or its subsidiaries and/or Acquiror strictly confidential, other than in connection with a dispute
                                                                among some or all of the Parties. FF Top acknowledges and agrees that this Agreement constitutes material and non-public
                                                                information, and that the disclosure of the Agreement to any party not a signatory to this Agreement is a violation of this
                                                                Section 2.01(b) and the non-disclosure agreement between such Party and the Company or one of its subsidiaries. FF Top hereby
                                                                consents to the publication and disclosure of such Party’s identity and Owned
Claims and the nature of such Party’s commitments, arrangements and understandings under and relating to this Agreement and,
if deemed appropriate by Acquiror or the Company, a copy of this Agreement, in any public filings (to the extent required by applicable
securities laws or the SEC or any other securities authorities) and any other documents or communications provided by the Acquiror
or the Company to any governmental authority. FF Top will promptly provide any information reasonably requested by Acquiror or
the Company for any regulatory application or filing made or approval sought in connection with the Transactions (including filings
with the SEC).

 

    3

     

    

 

		c)	FF Top shall notify the Company and Acquiror of any event, circumstance, change or development
occurring after the date hereof that causes, or that would reasonably be expected to cause, any breach of any of the representations,
warranties and covenants of such Party set forth in this Agreement.

 

		d)	FF Top shall not, and shall not act in concert with any person to, make or in any manner participate
in, directly or indirectly, a “solicitation” of “proxies” or consents or powers of attorney or similar
rights to vote, or seek to advise or influence any person with respect to the voting of, any Claims in connection with any vote
or other action with respect to a business combination transaction, other than to recommend that shareholders of the Company vote
in favor of the Transaction or as expressly provided by Section 1 of this Agreement.

 

		e)	Each of FF Top and YT shall and shall cause its or his affiliates (including FF Peak Holding Ltd.
and Pacific Technology Holding LLC) to (i) terminate clause 7 (other than sub-clauses 7.8 and 7.14) and clause 8 of the Restructuring
Agreement, dated as of December 31, 2018, by and among the Company, Smart Technology Holdings Ltd., FF Top, FF Peak Holding Ltd.,
YT, Pacific Technology Holding LLC and Season Smart Ltd. (the “Restructuring Agreement”); and (ii) terminate
the Call Option Agreement (as such term is defined in the Restructuring Agreement), in each case effective as of the closing of
the Transaction.

 

2.02. Commitment
of the Company. The Company shall use commercially reasonable efforts to consummate the Transaction substantially in accordance
with the TSA Term Sheet.

 

Section
3.  No Transfers.

 

(a) Prior to the
Closing, FF Top shall not directly or indirectly sell, pledge, encumber, assign, dispose of or transfer (each, a
“Transfer”), or enter into any contract, option or other arrangement or understanding with respect
to, or consent to, a Transfer of, any of its Claims including, without limitation, any of the equity securities of the
Company without the prior written consent of the Company and Acquiror, other than Transfers to controlled affiliates of FF
Top or any other affiliates (including persons who are, directly or indirectly, controlling or under common control with) of
FF Top that agree to be bound by the terms of this Agreement. FF Top agrees and acknowledges that any Transfer of Claims
inconsistent with or in violation of this Agreement shall be deemed null and void ab initio.

 

(b) This
Agreement shall in no way be construed to preclude FF Top from acquiring additional Claims; provided, however,
such acquired Claims shall automatically and immediately upon acquisition by FF Top be deemed subject to the terms of this Agreement.

 

    4

     

    

 

Section
4.  Representations and Warranties of FF Top. FF Top represents
and warrants to the Company and Acquiror that:

 

(a) such
Party is duly organized, validly existing and in good standing (where such concept is recognized) under the laws of the jurisdiction
in which it is incorporated or constituted and the consummation of the transactions contemplated hereby are within such Party’s
entity powers and have been duly authorized by all necessary entity actions on the part of such Party, and such Party has all requisite
entity power and authority to execute, deliver and perform this Agreement and to consummate the transactions contemplated hereby;

 

(b) this
Agreement has been duly and validly executed and delivered by such Party and constitutes a legal, valid and binding obligation
of such Party, enforceable against such Party in accordance with its terms, except that such enforceability (i) may be limited
by applicable bankruptcy, insolvency, reorganization, moratorium and other similar laws of general applicability affecting or relating
to creditors’ rights generally and (ii) is subject to general principles of equity;

 

(c) neither
the execution and delivery of this Agreement by such Party nor performance by such Party of the obligations herein nor the compliance
by such Party with any provisions herein will (i)  violate, contravene or conflict with or result in any breach of any provision
of the certificate of incorporation or bylaws (or other similar governing documents) of such Party; (ii) require any consent,
approval, authorization or permit of, or filing with or notification to, any governmental authority or any other person or entity
on the part of such Party; (iii) violate, conflict with, or result in a breach of any provisions of, or require any consent,
waiver or approval or result in a default or loss of a benefit (or give rise to any right of termination, cancellation, modification
or acceleration or any event that, with the giving of notice, the passage of time or otherwise, would constitute a default or give
rise to any such right) under any of the terms, conditions or provisions of any contract to which such Party is a party or by which
such Party or any of such Party’s Claims may be bound; (iv) result (or, with the giving of notice, the passage of time
or otherwise, would result) in the creation or imposition of any Restriction (as defined below) on any asset of such Party or (v) violate
any law applicable to such Party or by which any of such Party’s Claims will be bound;

 

(d) it
is the beneficial owner of the Claims set forth in such Party’s signature block to this Agreement (each such Claim, an “Owned
Claim”), and it does not directly or indirectly own or have an interest in any Claim other than such Owned Claims;

 

(e) Annex
I sets forth a true, correct and complete list of (i) each person that beneficially owns (as defined in Rule 13d-3 promulgated
under the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, as the same may be
amended from time to time) (“Beneficially Owns”) any equity securities of FF Top (the “FF
Top Securities”), including the number and type of FF Top Securities Beneficially Owned by such person (each such
person, a “FF Top Owner”), (ii) each FF Top Owner that Beneficially Owns, or has been granted voting
rights over or otherwise controls, any Owned Claims (including any Acquiror’s Common Stock), including the number and type
of Owned Claims Beneficially Owned or controlled by such FF Top Owner, and (iii) FF Top’s Shareholder Share Percentage (as
defined in the form Shareholder Agreement to which FF Top is a party), the calculation thereof and the agreements or arrangements
now existing and that will exist at the closing of the Transaction (it being understood that FF Top makes no representation as
to the Owned Claims of Founding Future Creditors Trust);

 

    5

     

    

 

(f) it
has the exclusive authority to act on behalf of, vote and consent to matters concerning the Owned Claims (or exclusively direct
such action, vote, or consent), and no such Owned Claim is subject to any agreement, proxy, voting trust or other agreement, arrangement
or Restriction with respect to the voting of such Owned Claims;

 

(g) except
as otherwise provided in the Company’s Sixth Amended and Restated Articles of Association, as amended, the Owned Claims are
free and clear of any pledge, lien, security interest, charge, claim, equity, option, proxy, demand, voting restriction, right
of first refusal, or other limitation on disposition, transfer, or encumbrances of any kind (each, a “Restriction”);

 

(h) there
is no action, suit or proceeding pending or threatened against such Party or any of such Party’s properties or assets (including
any of such Party’s Owned Claims) that would reasonably be expected to prevent, impair or delay the consummation by such
Party of the transactions contemplated by this Agreement or otherwise prevent, impair or delay such Party’s ability to perform
its obligations hereunder;

 

(i) it
understands and acknowledges that the Company and Acquiror may enter into Definitive Documentation (including the Merger Agreement)
in reliance upon such Party’s execution, delivery and performance of this Agreement;

 

(j) it
has such knowledge and experience in financial and business matters and is capable of evaluating the merits and risks of the Transaction,
has had the opportunity to review the Company’s books and records and other information requested by it in connection with
its evaluation of this Agreement and the Transaction, and has adequate information concerning the matters that are the subject
of this Agreement;

 

(k) it is an
accredited investor (as defined in Rule 501 promulgated under the Securities Act of 1933, as amended (the
“Securities Act”), it has provided the Company with the information required in Rule 506(c)
promulgated under the Securities Act evidencing such accredited investor status, and any securities of Acquiror acquired by
such Party in connection with the Transaction will have been acquired for investment and not with a view to distribution or
resale in violation of the Securities Act;

 

(l) it
understands and agrees that neither the Company nor any of its subsidiaries is making any representation or warranty to such Party
in connection with this Agreement or the Transaction, the Company and its subsidiaries disclaim any forward looking statements
and/or projections related to this Agreement and the Transaction, and such Party understands and agrees that the Transaction may
not occur and is subject to material risks and/or changes;

 

    6

     

    

 

(m) it
has independently and without reliance upon the Company or any of its subsidiaries, or any Representative thereof, and based on
such information as it has deemed appropriate, made its own analysis and decision to enter into this Agreement; and

 

(n) it
has had the opportunity to be represented and advised by legal counsel in connection with this Agreement and acknowledges and agrees
that it voluntarily and of its own choice and not under coercion or duress enters into the Agreement.

 

Section
5.  Termination Events.

 

5.01. FF Top’s
Termination Event. This Agreement may be terminated by FF Top upon written notice to the Company and Acquiror if the Merger
Agreement is not signed on or before March 31, 2021 or if there are changes to the terms of the Transaction from those set forth
in the Merger Agreement and the associated ancillary documents delivered to FF Top that are adverse to FF Top.

 

5.02. Other Termination
Event. Acquiror may terminate this Agreement as to all Parties or any Party upon written notice delivered by Acquiror to such
Parties or Party (as applicable).

 

5.03. Mutual Termination.
This Agreement, and the obligations of all Parties hereunder, may be terminated by mutual agreement among all of the Parties.

 

5.04. Termination
Upon Completion of the Transaction. This Agreement shall terminate automatically without any further required action or notice
upon the closing of the Transaction or the termination of the Transaction in accordance with the Merger Agreement.

 

5.05. Effect of
Termination.

 

(a) No
Party may terminate this Agreement if such Party failed to perform or comply in all material respects with the terms and conditions
of this Agreement, with such failure to perform or comply causing, or resulting in, the occurrence of one or more termination events
specified herein. The date on which termination of this Agreement as to a Party is effective in accordance with Sections 5.01,
5.02, 5.03, or 5.04 shall be referred to as a “Termination Date.”

 

(b) Upon
termination of this Agreement, no Party shall have any further rights or obligations other than rights and obligations that accrued
prior to the Termination Date. In no event shall the termination of this Agreement relieve a Party of any breach of this Agreement
made by such Party prior to the Termination Date.

 

Section
6.  Amendments. This Agreement may not be modified, amended,
or supplemented without prior written consent of each of the Company, Acquiror and FF Top; provided that the Company and
Acquiror may add additional Parties which are parties to the Merger Agreement after the date of this Agreement without the prior
written consent of FF Top.

 

    7

     

    

 

Section
8.  Miscellaneous.

 

8.01. Further Assurances.
The Parties agree to execute and deliver such other documents, agreements, certificates and instruments and perform such acts,
in addition to the matters herein specified, as may be reasonably appropriate or necessary from time to time, to effectuate the
transactions contemplated by this Agreement (including the Transaction).

 

8.02. Complete
Agreement. This Agreement constitutes the entire agreement among the Parties with respect to the subject matter hereof and
supersedes all prior agreements, oral, or written, among the Parties with respect thereto.

 

8.03. Headings.
The headings of all sections of this Agreement are inserted solely for the convenience of reference and are not a part of and
are not intended to govern, limit, or aid in the construction or interpretation of any term or provision hereof.

 

8.04. GOVERNING
LAW; SUBMISSION TO JURISDICTION; SELECTION OF FORUM. THIS AGREEMENT IS TO BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF CALIFORNIA APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN SUCH STATE, WITHOUT GIVING EFFECT TO THE
CONFLICT OF LAWS PRINCIPLES THEREOF. Each Party hereto agrees that it shall bring any action or proceeding in respect of any claim
arising out of or related to this Agreement, to the extent possible, in either the United States District Court for the Southern
District of California or any California state court located in Los Angeles County (the “Chosen Courts”),
and solely in connection with claims arising under this Agreement: (a) irrevocably submits to the exclusive jurisdiction of the
Chosen Courts; (b) waives any objection to laying venue in any such action or proceeding in the Chosen Courts; and (c) waives
any objection that the Chosen Courts are an inconvenient forum or do not have jurisdiction over any Party hereto.

 

8.05. Execution
of Agreement. This Agreement may be executed and delivered in any number of counterparts and by way of electronic signature
and delivery, each such counterpart, when executed and delivered, shall be deemed an original, and all of which together shall
constitute the same agreement.

 

8.06. Interpretation
and Rules of Construction. This Agreement is the product of negotiations among the Parties, and in the enforcement or interpretation
hereof, is to be interpreted in a neutral manner, and any presumption with regard to interpretation for or against any Party by
reason of that Party having drafted or caused to be drafted this Agreement, or any portion hereof, shall not be effective in regard
to the interpretation hereof. The Parties were each represented by counsel during the negotiations and drafting of this Agreement
and continue to be represented by counsel.

 

8.07. Successors
and Assigns. This Agreement is intended to bind and inure to the benefit of the Parties and their respective successors and
permitted assigns, as applicable. There are no third-party beneficiaries under this Agreement and the rights or obligations of
FF Top under this Agreement may not be directly or indirectly assigned, delegated, or transferred to any other person or entity
without the prior written consent of the Company and Acquiror.

 

    8

     

    

 

8.08. Notices.
All notices hereunder shall be deemed given if in writing and delivered, if sent by electronic mail, courier, or registered or
certified mail (return receipt requested) to the following addresses (or at such other addresses as shall be specified by like
notice):

 

		(a)	if to the Company, to:

 

FF Intelligent Mobility Global Holdings
Ltd.

18455 S. Figueroa Street

Gardena, CA 90248

Attention: General Counsel

E-mail address: jarret.johnson@ff.com

 

with copies (which alone shall
not constitute notice) to:

 

Sidley Austin LLP

1999 Avenue of the Stars, 17th Floor

Los Angeles, CA 90067

Attention: Vijay Sekhon

E-mail address: vsekhon@sidley.com  

 

		(b)	if to Acquiror, to:

 

Property Solutions
Acquisition Corp.

 654 Madison Avenue, Suite 1009

New York, New
York 10065

Attn: Jordan
Vogel; Aaron Feldman

E-mail: jordan@benchmarkrealestate.com;
aaron@benchmarkrealestate.com

 

with copies (which
shall not constitute notice) to:

 

Riverside Management
Group, LLC

 50 West Street, Suite 40 C

New York, New
York 10006

Attn: Philip
Kassin

E-mail: pkassin@rmginvestments.com

 

Latham &
Watkins LLP

 885 Third Avenue

New York, New
York 10022

Attention: David
S. Allinson; Ryan J. Maierson

E-mail: david.allinson@lw.com;
ryan.maierson@lw.com

 

    9

     

    

 

(c) if
to any Party other than the Company or Acquiror, to the address set forth on the signature page of such Party;

 

or such other address as may have been
furnished by a Party to each of the other Parties by written notice given in accordance with the requirements set forth above.
Any notice given by email, delivery, mail, or courier shall be effective when received.

 

8.09. Several,
Not Joint, Claims. The agreements, representations, warranties, and obligations of the Parties under this Agreement are, in
all respects, several and not joint.

 

8.10. Severability.
If any provision of this Agreement shall be held by a court of competent jurisdiction to be illegal, invalid, or unenforceable,
the remaining provisions shall remain in full force and effect if essential terms and conditions of this Agreement for each Party
remain valid, binding, and enforceable.

 

8.11. Specific
Performance/Remedies. It is understood and agreed by the Parties that money damages would not be a sufficient remedy for any
breach of this Agreement by any Party and the Company and Acquiror shall be entitled to seek specific performance and injunctive
or other equitable relief as a remedy for any such breach, in addition to any other remedy to which the Company and Acquiror may
be entitled, at law or equity, without the necessity of proving the inadequacy of money damages as a remedy, including an order
of the Chosen Court requiring any Party to comply promptly with any of its obligations hereunder. Each Party agrees to waive any
requirement for the securing or posting of a bond in connection with such remedy.

 

8.12. Remedies
Cumulative. All rights, powers, and remedies provided under this Agreement or otherwise available to the Company and Acquiror
in respect hereof at law or in equity shall be cumulative and not alternative, and the exercise of any right, power, or remedy
thereof by the Company and Acquiror shall not preclude the simultaneous or later exercise of any other such right, power, or remedy
by the Company and Acquiror.

 

[Remainder of page intentionally left
blank.]

 

    10

     

    

 

IN
WITNESS WHEREOF, the Parties have executed this Agreement on the day and year first above written.

 

	 	FF Intelligent Mobility Global Holdings Ltd.

 

	 	By:  	 
	 	Name: 
	 	Title: 

 

	 	PROPERTY SOLUTIONS ACQUISITION CORP.

 

	 	By:  	 
	 	Name: 
	 	Title: 

 

[Signature Page to Transaction Support Agreement]

 

     

     

    

 

	FF Top Holding LTD.	 

 

	By:	 	 
	Name:  	 
	Title:  	 

  

	Claim Type	Number and Class of Shares in the Company
	Equity	452,941,177 Class B Preferred Shares

 

Address for Notice:

 

________________

________________

Attention: __________

Email: __________

 

	 	 
	YUETING JIA (solely with respect
to Section 2.01(e))	

 

[Signature Page to Transaction Support Agreement]

 

     

     

    

 

EXHIBIT A

 

Faraday Future Transaction Support
Agreement Outline of Terms

 

[See Attached]

 

     

     

    

 

EXHIBIT B

 

Seventh Amended and Restated Memorandum
of Association and Articles of Association

 

[See Attached]

 

     

     

    

 

EXHIBIT C

 

Definitive Documentation

 

1. Registration
Rights Agreement

 

2. Shareholder
Agreement

 

3. Lock-up
Agreement

 

4. Letter
of Transmittal

 

5. Written
Consent Approving the Merger

 

     

     

    

 

ANNEX I

 

	FF Top Owner	 	Securities	 	Owned Claims
	FF Peak Holding Ltd.	 	600,000,000 Shares 1	 	452,941,177 Class B Preferred Shares
	Pacific Technology Holding LLC 	 	100 Ordinary Shares 2	 	452,941,177 Class B Preferred Shares
	FF Global Partners LLC 3	 	N/A	 	452,941,177 Class B Preferred Shares

 

Current Shareholder Share Percentage:
 91.7% 4

 

Current Total Voting Power of FF Top: 4,529,411,770
Class B Preferred Shares 4

 

Current Total Voting Power of FF Shares:
4,941,176,475 Shares 4 

 

Post-Closing Shareholder Share Percentage:
33.1% 5 6

 

Post-Closing Total Voting Power of
FF Top: 100,324,822.31 Shares 5 6

 

Post-Closing Date Total Voting Power
of Acquiror Common Stock: 302,665,137.50 Shares 5

 

 

 

		1	Represents all of the issued and outstanding capital stock
of FF Top

		2	Represents all of the issued and outstanding capital stock
of FF Peak Holding Ltd.

		3	FF Global Partners LLC (“FF Global Partners”)
is the managing member of Pacific Technology Holding LLC. FF Global Partners is governed by a board of managers, consisting of
seven managers, with Yueting Jia as the managing partner. A majority of the board of managers is required to approve any actions
of FF Global Partners, with certain matters requiring the approval of the managing partner.

		4	Calculated on a fully diluted basis as of January 25, 2021
and assuming 10 votes per Class B preferred share. Class A ordinary shares are non-voting and other preferred shares are entitled
to less than one vote per share.

		5	Calculated on a fully diluted basis assuming a Transaction
closing as of March 31, 2021 and based on Allocation Schedule, subject to adjustment if Transaction closing occurs after March
31, 2021.

		6	Includes 63,766,572.00 shares of Acquiror Common Stock
owned by FF Top and 36,558,250.31 shares of Acquiror Common Stock owned by other stockholders subject to voting agreements. Excludes
shares of Acquiror Common Stock owned by Founding Future Creditors Trust, and the Shareholder Share Percentage would increase
if Founding Future Creditors Trust executes a voting agreement with FF Top.

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