Document:

Exhibit
10.2

 

Execution
Version

 

September
23, 2020

 

Switchback
Energy Acquisition Corporation

5949
Sherry Lane, Suite 1010

Dallas,
TX 75225

Attention:
Jim Mutrie, Chief Commercial Officer

 

		RE:	Surrender
                                         and Potential Forfeiture of Switchback Class B Common Stock and Sponsor Transaction Costs

 

Reference
is made to that certain Business Combination Agreement and Plan of Reorganization (the “BCA”), to be
dated as of the date hereof, by and among ChargePoint, Inc., a Delaware corporation (the “Company”),
Switchback Energy Acquisition Corporation, a Delaware corporation (“Switchback”), and Lightning Merger
Sub Inc., a Delaware corporation and a direct, wholly owned subsidiary of Switchback. This letter agreement (this “Letter
Agreement”) is being entered into and delivered by Switchback and each of NGP Switchback, LLC, a Delaware limited
liability company (the “Sponsor”), Joseph Armes, Zane Arrott and Ray Kubis (together with the Sponsor,
the “Founder Stockholders”) in connection with the transactions contemplated by the BCA. Capitalized
terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the BCA.

 

In
consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Switchback and each Founder Stockholder hereby agree as follows:

 

		1.	Each
                                         Founder Stockholder represents and warrants that such Founder Stockholder holds the number
                                         of shares of Class B common stock, par value $0.0001 per share, of Switchback (the “Switchback
                                         Class B Common Stock”) set forth opposite such Founder Stockholder’s
                                         name on Exhibit A under the heading “Total Shares,” which shares collectively
                                         constitute all of the issued and outstanding shares of Switchback Class B Common Stock
                                         as of the date hereof. As of the date hereof, there are 7,852,941 shares of Switchback
                                         Class B Common Stock issued and outstanding.

 

		2.	During
                                         the period commencing on the date hereof and ending on the earlier of the Closing and
                                         the valid termination of the BCA pursuant to Article IX thereof, each Founder Stockholder
                                         agrees not to (a) transfer any shares of Switchback Class B Common Stock held by
                                         such Founder Stockholder or (b) deposit any shares of Switchback Class B Common
                                         Stock held by such Founder Stockholder into a voting trust or enter into a voting agreement
                                         or any similar agreement, arrangement or understanding with respect to such shares of
                                         Switchback Class B Common Stock or grant any proxy (except as otherwise provided herein),
                                         consent or power of attorney with respect thereto (other than pursuant to this Letter
                                         Agreement); provided, that each Founder Stockholder may transfer shares of
                                         Switchback Class B Common Stock, as contemplated by clauses (a) through (f) of Section
                                         7(c) of the Prior Letter Agreement (as defined below), if and only if, the transferee
                                         of such shares of Switchback Class B Common Stock evidences in a writing reasonably satisfactory
                                         to Switchback such transferee’s agreement to be bound by and subject to the terms
                                         and provisions hereof to the same effect as such Founder Stockholder.

 

     

     

    

 

		3.	Subject
                                         to the satisfaction or waiver of each of the conditions to Closing set forth in Sections
                                         8.01 and 8.02 of the BCA, immediately prior to the Closing, each Founder Stockholder
                                         shall surrender, for no consideration and as a capital contribution to Switchback (including
                                         for purposes of Section 118 of the Internal Revenue Code), the number of shares of Switchback
                                         Class B Common Stock set forth opposite such Founder Stockholder’s name on Exhibit
                                         A under the heading “Forfeited Shares” (collectively, the “Forfeited
                                         Shares”), which Forfeited Shares will be immediately cancelled.

 

		4.	Subject
                                         to the satisfaction or waiver of each of the conditions to Closing set forth in Sections
                                         8.01 and 8.02 of the BCA, effective immediately prior to the Closing, each Founder Stockholder
                                         hereby waives any and all rights such Founder Stockholder has or will have under Section
                                         4.3(b)(ii) of Switchback’s Amended and Restated Certificate of Incorporation to
                                         receive, with respect to each share of Switchback Class B Common Stock held by such Founder
                                         Stockholder, more than one (1) share of Switchback Class A Common Stock upon automatic
                                         conversion of such shares of Switchback Class B Common Stock in accordance with Switchback’s
                                         Amended and Restated Certificate of Incorporation in connection with the consummation
                                         of the Transactions. Without limitation of the foregoing, upon the consummation of the
                                         Transactions, each Founder Stockholder hereby acknowledges and agrees that pursuant to
                                         Section 4.3(b) of Switchback’s Amended and Restated Certificate of Incorporation,
                                         each share of Switchback Class B Common Stock held by such Founder Stockholder (for the
                                         avoidance of doubt, not including Forfeited Shares) shall automatically convert into
                                         one (1) share of Switchback Class A Common Stock.

 

		5.	Upon
                                         and subject to the Closing, the number of shares of Switchback Class A Common Stock to
                                         be owned by each Founder Stockholder set forth opposite such Founder Stockholder’s
                                         name on Exhibit A under the heading “Earnout Shares” (which represent
                                         shares of Switchback Class A Common Stock to be issued in exchange for an equal number
                                         of shares of Switchback Class B Common Stock upon completion of the Merger, the “Earnout
                                         Shares”) shall become subject to potential forfeiture if the Triggering
                                         Event (as defined below) does not occur during the time period between the Closing Date
                                         and the five-year anniversary of the Closing Date (the “Earnout Period”),
                                         with such Earnout Shares no longer being subject to forfeiture upon the occurrence of
                                         a Triggering Event pursuant to the terms of this Letter Agreement. Certificates or book
                                         entries representing the Earnout Shares shall bear a legend referencing that they are
                                         subject to forfeiture pursuant to the provisions of this Letter Agreement, and any transfer
                                         agent for Switchback Common Stock will be given appropriate stop transfer orders with
                                         respect to the Earnout Shares until the occurrence of a Triggering Event (subject to
                                         the ability of each Founder Stockholder to transfer any Earnout Shares in accordance
                                         with the terms of the Prior Letter Agreement); provided, however, that upon a
                                         Triggering Event in accordance with the terms herein, Switchback shall immediately cause
                                         the removal of such legend and direct such transfer agent that such stop transfer orders
                                         are no longer applicable.

 

    2

     

    

 

		6.	One-hundred
                                         percent (100%) of the Earnout Shares shall no longer be subject to forfeiture upon the
                                         occurrence of a Triggering Event during the Earnout Period. In the event no Triggering
                                         Event occurs during the Earnout Period, such Earnout Shares shall immediately be forfeited
                                         to Switchback for no consideration as a contribution to the capital of Switchback (including
                                         for purposes of Section 118 of the Internal Revenue Code) and immediately cancelled.
                                         “Triggering Event” means the date on which the volume-weighted
                                         average closing sale price of one (1) share of Switchback Class A Common Stock quoted
                                         on the New York Stock Exchange (or the exchange on which the shares of Switchback Class
                                         A Common Stock are then listed) is greater than or equal to $12.00 for any ten (10) Trading
                                         Days within any twenty (20) consecutive Trading Day period; provided, that, if,
                                         during the Earnout Period, there is a Change of Control pursuant to which Switchback
                                         or any of its stockholders have the right to receive consideration implying a value of
                                         Switchback Class A Common Stock (as determined in good faith by the Switchback Board)
                                         of greater than or equal to $12.00, then the Triggering Event shall be deemed to have
                                         occurred. The number of Earnout Shares and Switchback Class A Common Stock price targets
                                         set forth in this Section 6 shall be equitably adjusted for stock splits, reverse
                                         stock splits, stock dividends, reorganizations, recapitalizations, reclassifications,
                                         combinations, exchanges of shares or other like changes or transactions with respect
                                         to Switchback Class A Common Stock occurring on or after the Closing (other than the
                                         conversion of the Switchback Class B Common Stock into Switchback Class A Common Stock
                                         at the Closing).

 

		7.	Holders
                                         of the Earnout Shares shall be entitled to vote such Earnout Shares and receive dividends
                                         and other distributions in respect thereof prior to the occurrence of a Triggering Event
                                         in accordance with the terms herein.

 

		8.	Subject
                                         to the Closing, the Sponsor has agreed to bear all Switchback Transaction Costs (excluding
                                         Private Placement Transaction Costs) in excess of the Switchback Transaction Costs Cap
                                         upon the terms set forth in Section 3.04 of the BCA, such that on the Closing Date following
                                         the Closing, the Sponsor shall pay or cause to be paid by wire transfer of immediately
                                         available funds, all Switchback Transaction Costs, excluding any Private Placement Transaction
                                         Costs, in excess of the Switchback Transaction Costs Cap (the “Sponsor Transaction
                                         Costs”); provided, however, that in the event any Sponsor Transaction
                                         Costs include the cash portion of any loan payable by Switchback to the Sponsor where
                                         the proceeds have been spent on Switchback Transaction Costs already, the Sponsor shall
                                         forgive such portion of such loan in lieu of making any additional payment in respect
                                         of such Sponsor Transaction Costs. No later than two (2) Business Days prior to the Closing,
                                         Switchback shall deliver to the Sponsor a written notice setting forth the amount of
                                         Switchback Transaction Costs as of the Closing (including separate line items for the
                                         Private Placement Transaction Costs) and all relevant supporting documentation used by
                                         Switchback in calculating such amounts reasonably requested by the Sponsor.

 

    3

     

    

 

		9.	Following
                                         the Closing, to the extent that Switchback desires to expand the size of the Switchback
                                         Board to add directors, the Switchback Board shall consult with the Sponsor regarding
                                         the appointment of one such director; provided, that the Sponsor shall not have
                                         any veto, approval or appointment right in respect of any directors to be nominated or
                                         appointed to the Switchback Board following the Effective Time.

 

		10.	The
                                         parties have previously entered into that certain letter agreement dated July 25, 2019
                                         in connection with the initial public offering of Switchback (as amended, the “Prior
                                         Letter Agreement”). The parties acknowledge and agree that the Prior Letter
                                         Agreement shall survive the consummation of the Transactions in accordance with its terms,
                                         and each Founder Stockholder shall comply with, and fully perform all of such Founder
                                         Stockholder’s obligations, covenants and agreements set forth in, the Prior Letter
                                         Agreement (including, for the avoidance of doubt, the lock-up provisions in paragraph
                                         7).

 

		11.	During
                                         the period commencing on the date hereof and ending on the earlier of the Closing and
                                         the valid termination of the BCA pursuant to Article IX thereof, no Founder Stockholder
                                         shall modify or amend this Letter Agreement or the Prior Letter Agreement.

 

		12.	Switchback
                                         acknowledges and agrees that, from and after the date hereof, subject to the terms and
                                         conditions of the BCA, any Insider (as defined in the Prior Letter Agreement) may participate
                                         in the formation of, or become an officer or director of, any blank check company in
                                         accordance with the terms of the Prior Letter Agreement. Upon the prior written request
                                         of the Sponsor, Switchback agrees to assign to any Insider designated by the Sponsor
                                         all right, title and interest in and to the trademarks, trade names, service marks, logos,
                                         corporate names, domain names and other source identifiers held by Switchback as of the
                                         date hereof, including any and all goodwill related to the foregoing (the “Switchback
                                         Marks”) (but excluding, for the avoidance of doubt, any right, title or interest
                                         in or to the trademarks, trade names, service marks, logos, corporate names, domain names
                                         or other source identifiers held by the Company immediately prior to the consummation
                                         of the Merger), and from and after the Closing Switchback shall cease and discontinue
                                         all use of such Switchback Marks, including any mark or term confusingly similar thereto
                                         or derivative thereof.

 

		13.	Each
                                         Founder Stockholder hereby acknowledges that such Founder Stockholder has read the BCA
                                         and this Letter Agreement and has had the opportunity to consult with such Founder Stockholder’s
                                         tax and legal advisors. Each Founder Stockholder shall be bound by and comply with Section
                                         7.05 (Access to Information; Confidentiality) of the BCA (and any relevant definitions
                                         contained in any such Sections) as if such Founder Stockholder was an original signatory
                                         to the BCA with respect to such provisions, mutatis mutandis.

 

		14.	Subject
                                         to the terms and conditions of this Letter Agreement, Switchback and each Founder Stockholder
                                         agrees to take, or cause to be taken, all actions and to do, or cause to be done, all
                                         things necessary, proper or advisable to consummate and make effective the transactions
                                         contemplated by this Letter Agreement.

 

    4

     

    

 

		15.	Each
                                         Founder Stockholder hereby represents and warrants to Switchback as follows:

 

		(a)	Such
                                         Founder Stockholder has all necessary power and authority to execute and deliver this
                                         Letter Agreement and to perform such Founder Stockholder’s obligations hereunder.
                                         The execution and delivery of this Letter Agreement by each of such Founder Stockholder
                                         has been duly and validly authorized and no other action on the part of such Founder
                                         Stockholder is necessary to authorize this Letter Agreement. This Letter Agreement has
                                         been duly and validly executed and delivered by such Founder Stockholder and, assuming
                                         due authorization, execution and delivery by the other Founder Stockholders and Switchback,
                                         constitutes a legal, valid and binding obligation of such Founder Stockholder, enforceable
                                         against such Founder Stockholder in accordance with its terms, subject to the Remedies
                                         Exceptions.

 

		(b)	As
                                         of the date of this Letter Agreement, the Founder Stockholders collectively hold 7,852,941
                                         shares of Switchback Class B Common Stock (with individual holdings set forth opposite
                                         each such Founder Stockholder’s name on Exhibit A under the heading “Total
                                         Shares”), free and clear of any and all Liens, other than those (i) created
                                         by this Letter Agreement, the Prior Letter Agreement and the Switchback Organizational
                                         Documents or (ii) arising under applicable securities Laws. Each Founder Stockholder
                                         has and will have until the earlier of the Closing and the valid termination of the BCA
                                         pursuant to Article IX thereof, sole voting power, power of disposition and power to
                                         issue instructions with respect to the Switchback Class B Common Stock held by such Founder
                                         Stockholder in accordance with this Letter Agreement and power to agree to all of the
                                         matters applicable to such Founder Stockholder set forth in this Letter Agreement.

 

		(c)	The
                                         execution and delivery of this Letter Agreement by such Founder Stockholder does not,
                                         and the performance of this Letter Agreement by such Founder Stockholder will not: (i) conflict
                                         with or violate any applicable Law applicable to such Founder Stockholder, (ii) contravene
                                         or conflict with, or result in any violation or breach of, any provision of any charter,
                                         articles of association, operating agreement or similar formation or governing documents
                                         and instruments of such Founder Stockholder, or (iii) result in any breach of or
                                         constitute a material default (or an event which, with notice or lapse of time or both,
                                         would become a material default) under, or give to others any rights of termination,
                                         amendment, acceleration or cancellation of, or result in the creation of a Lien on any
                                         of shares of Switchback Class B Common Stock owned by such Founder Stockholder pursuant
                                         to any note, bond, mortgage, indenture, contract, agreement, lease, license, permit,
                                         franchise or other instrument (whether written or oral) to which such Founder Stockholder
                                         is a party or by which such Founder Stockholder is bound, except, in the case of clause
                                         (i) or (iii), for any such conflicts, violations, breaches, defaults or other occurrences
                                         which, individually or in the aggregate, would not reasonably be expected to materially
                                         impair the ability of such Founder Stockholder to perform such Founder Stockholder’s
                                         obligations hereunder or to consummate the transactions contemplated hereby.

 

    5

     

    

 

		(d)	The
                                         execution and delivery of this Letter Agreement by such Founder Stockholder does not,
                                         and the performance of this Letter Agreement by such Founder Stockholder will not, require
                                         any consent, approval, authorization or permit of, or filing with or notification to,
                                         or expiration or termination of any waiting period by, any Governmental Authority or
                                         any other Person.

 

		(e)	There
                                         is no material Action pending or, to the knowledge of such Founder Stockholder (after
                                         reasonable inquiry), threatened against such Founder Stockholder, which, individually
                                         or in the aggregate, would reasonably be expected to materially impair the ability of
                                         such Founder Stockholder to perform such Founder Stockholder’s obligations hereunder
                                         or to consummate the transactions contemplated hereby.

 

		(f)	Except
                                         for this Letter Agreement and the Prior Letter Agreement, such Founder Stockholder has
                                         not: (i) entered into any voting agreement, voting trust or any similar agreement,
                                         arrangement or understanding, with respect to the Switchback Class B Common Stock owned
                                         by such Founder Stockholder or (ii) granted any proxy, consent or power of attorney
                                         with respect to any Switchback Class B Common Stock owned by such Founder Stockholder
                                         (other than as contemplated by this Letter Agreement). Such Founder Stockholder has not
                                         entered into any agreement, arrangement or understanding that is otherwise inconsistent
                                         with, or would interfere with, or prohibit or prevent such Founder Stockholder from satisfying
                                         such Founder Stockholder’s obligations pursuant to this Letter Agreement.

 

		(g)	Such
                                         Founder Stockholder understands and acknowledges that the Company is entering into the
                                         BCA in reliance upon the execution and delivery of this Letter Agreement by the Founder
                                         Stockholders.

 

		16.	The
                                         Company is an express third party beneficiary of this Letter Agreement entitled to the
                                         rights and benefits hereunder and to enforce the provisions hereof as if the Company
                                         was a party hereto.

 

		17.	This
                                         Letter Agreement, together with the BCA to the extent referenced herein, the Prior Letter
                                         Agreement and the other agreements entered into by the Founder Stockholders in connection
                                         with the initial public offering of Switchback constitutes the entire agreement and understanding
                                         of the parties hereto in respect of the subject matter hereof and supersede all prior
                                         understandings, agreements, or representations by or among the parties hereto, written
                                         or oral, relating to the subject matter hereof.

 

    6

     

    

 

		18.	No
                                         party hereto may assign either this Letter Agreement or any of its rights, interests,
                                         or obligations hereunder without the prior written consent of the other parties hereto,
                                         and any purported assignment in violation of the foregoing shall be null and void ab
                                         initio. This Letter Agreement shall be binding on the parties hereto and their respective
                                         successors and assigns.

 

		19.	This
                                         Letter Agreement shall be construed and interpreted in a manner consistent with the provisions
                                         of the BCA. In the event of any conflict between the terms of this Letter Agreement and
                                         the BCA, the terms of the BCA shall govern. The provisions set forth in Sections 10.09
                                         (Counterparts), 10.03 (Severability) 10.10 (Specific Performance), 10.06 (Governing Law),
                                         10.07 (Waiver of Jury Trial), 9.04 (Amendment) and 9.05 (Waiver) of the BCA, as in effect
                                         as of the date hereof, are hereby incorporated by reference into, and shall be deemed
                                         to apply to, this Letter Agreement, mutatis mutandis.

 

		20.	Any
                                         notice, consent or request to be given in connection with any of the terms or provisions
                                         of this Letter Agreement shall be in writing and shall be sent in the same manner as
                                         provided in the BCA, with (a) notices to Switchback being sent to the addresses set forth
                                         therein, in each case with all copies as required thereunder and (b) notices to each
                                         Founder Stockholder being sent to the address set forth opposite such Founder Stockholder’s
                                         name on Exhibit A under the heading “Address.”

 

		21.	This
                                         Letter Agreement shall terminate, and have no further force and effect, if the BCA is
                                         terminated in accordance with its terms prior to the Effective Time.

 

[The
remainder of this page left intentionally blank.]

 

    7

     

    

 

Please
indicate your agreement to the terms of this Letter Agreement by signing where indicated below.

 

	 	Very truly yours,
	 	 	 
	 	NGP SWITCHBACK, LLC
	 	 	 
	 	By:	/s/
    Jim Mutrie
	 	Name:	Jim
    Mutrie
	 	Time:	Chief
    Commercial Officer, General Counsel
	 	 	and
    Secretary
	 	 	 
	 	FOUNDER STOCKHOLDERS
	 	 	 
	 	By:	/s/
    Joseph Armes
	 	Name:	Joseph
    Armes
	 	 	 
	 	By:	/s/
    Zane Arrott
	 	Name:	Zane
    Arrott
	 	 	 
	 	By:	/s/
    Ray Kubis
	 	Name:	Ray
    Kubis

 

Acknowledged
and agreed

as
of the date of this Letter Agreement:

 

SWITCHBACK ENERGY ACQUISITION

CORPORATION

 

	By:	/s/
    Jim Mutrie	 
	Name:	Jim
    Mutrie	 
	Title:	Chief
    Commercial Officer, General Counsel and Secretary	 

  

[Signature
Page to Letter Agreement]

 

    8

     

    

 

EXHIBIT
A

 

	Founder Stockholder	 	Address	 	Total Shares	 	 	Forfeited Shares	 	 	Earnout Shares	 
	Joseph Armes	 	5949 Sherry Lane, Suite 1010 
Dallas, TX 75225	 	 	40,000	 	 	 	5,015	 	 	 	4,584	 
	Zane Arrott	 	5949 Sherry Lane, Suite 1010 
Dallas, TX 75225	 	 	40,000	 	 	 	5,015	 	 	 	4,584	 
	Ray Kubis	 	5949 Sherry Lane, Suite 1010 
Dallas, TX 75225	 	 	40,000	 	 	 	5,015	 	 	 	4,584	 
	NGP Switchback, LLC	 	5949 Sherry Lane, Suite 1010 
Dallas, TX 75225	 	 	7,732,941	 	 	 	969,661	 	 	 	886,248	 
	Total	 	 	 	 	7,852,941	 	 	 	984,706	 	 	 	900,000	 

 

 

Exhibit
AExhibit
10.3

 

Execution
Version

 

SUBSCRIPTION
AGREEMENT

 

This
SUBSCRIPTION AGREEMENT (this “Subscription Agreement”) is entered into this 23rd day of September,
2020, by and among Switchback Energy Acquisition Corporation, a Delaware corporation (the “Issuer”), ChargePoint,
Inc., a Delaware corporation (“ChargePoint”), and the undersigned (“Subscriber”).

 

WHEREAS,
concurrently with the execution and delivery of this Subscription Agreement, the Issuer is entering into that certain Business
Combination Agreement and Plan of Reorganization, dated as of the date of this Subscription Agreement (as the same may be amended
or supplemented from time to time, the “Combination Agreement”), among the Issuer, Lightning Merger Sub Inc.,
a Delaware corporation and a wholly owned subsidiary of the Issuer, and ChargePoint, pursuant to which the Issuer will acquire
ChargePoint, on the terms and subject to the conditions set forth therein (the “Transaction”);

 

WHEREAS,
in connection with the Transaction, on the terms and subject to the conditions set forth in this Subscription Agreement, Subscriber
desires to subscribe for and purchase from the Issuer the number of shares of the Issuer’s Class A common stock, par value
$0.0001 per share (the “Class A Shares”), set forth on the signature page hereto (the “Acquired Shares”)
for a purchase price of $10.00 per share (the “Share Purchase Price”), or the aggregate purchase price set
forth on the signature page hereto (the “Purchase Price”), and the Issuer desires to issue and sell to Subscriber
the Acquired Shares in consideration of the payment of the Purchase Price by or on behalf of Subscriber to the Issuer at or prior
to the Closing Date; and

 

WHEREAS,
in connection with the Transaction, certain other institutional “accredited investors” (as such term is defined in
Rule 501 under the Securities Act of 1933, as amended (the “Securities Act,” and each such institutional “accredited
investor,” an “Other Subscriber”)), have entered into subscription agreements with the Issuer substantially
similar to this Subscription Agreement, pursuant to which such Other Subscribers have agreed to subscribe for and purchase, and
the Issuer has agreed to issue and sell to such Other Subscribers, on the Closing Date, Class A Shares at the Share Purchase Price
(the “Other Subscription Agreements”).

 

NOW,
THEREFORE, in consideration of the foregoing and the mutual representations, warranties and covenants, and subject to the conditions,
herein contained, and intending to be legally bound hereby, the parties hereto hereby agree as follows:

 

1.
Subscription. Subject to the terms and conditions hereof, Subscriber hereby agrees to subscribe for and purchase, and the
Issuer hereby agrees to issue and sell to Subscriber, upon the payment of the Purchase Price, the Acquired Shares (such subscription
and issuance, the “Subscription”).

 

     

     

    

 

2.
Closing.

 

a.
Subject to the satisfaction or waiver of the conditions set forth in Sections 2(c) and 2(d), the closing of
the Subscription contemplated hereby (the “Closing”) shall occur substantially concurrently with the closing
of the Transaction (such date, the “Closing Date”) and is contingent upon the subsequent occurrence of the
closing of the Transaction. Not less than five (5) business days prior to the anticipated Closing Date, the Issuer shall provide
written notice to Subscriber (the “Closing Notice”) of the anticipated Closing Date.

 

b.
On the Closing Date (unless otherwise provided below), subject to the satisfaction or waiver of the conditions set forth in Sections
2(c) and 2(d) (other than those conditions that by their nature are to be satisfied at Closing, but without affecting
the requirement that such conditions be satisfied or waived at Closing):

 

(i)
Subscriber shall deliver to the Issuer the Purchase Price for the Acquired Shares one business day in advance of Closing (unless
otherwise agreed by the Issuer) by wire transfer of U.S. dollars in immediately available funds to the account specified by the
Issuer in the Closing Notice; and

 

(ii)
The Issuer shall deliver to Subscriber the Acquired Shares in book-entry form, free and clear of any liens or other restrictions
whatsoever (other than those arising under state or federal securities laws), in the name of Subscriber (or its nominee in accordance
with its delivery instructions) or to a custodian designated by Subscriber, as applicable. Each book entry for the Acquired Shares
shall contain a notation in substantially the following form:

 

THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES
LAWS OF ANY STATE OR OTHER JURISDICTION, AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION
THEREFROM.

 

c.
The Issuer’s obligation to effect the Closing shall be subject to the satisfaction on the Closing Date, or, to the extent
permitted by applicable law, the waiver by the Issuer, of each of the following conditions:

 

(i)
all representations and warranties of Subscriber contained in this Subscription Agreement shall be true and correct in all material
respects (other than representations and warranties that are qualified as to materiality or Subscriber Material Adverse Effect
(as defined herein), which representations and warranties shall be true and correct in all respects) at and as of the Closing
Date;

 

(ii)
Subscriber shall have performed, satisfied and complied in all material respects with all covenants, agreements and conditions
required by this Subscription Agreement to be performed, satisfied or complied with by it at or prior to the Closing;

 

(iii)
no governmental authority shall have enacted, issued, promulgated, enforced or entered any judgment, order, law, rule or regulation
(whether temporary, preliminary or permanent) which is then in effect and has the effect of making consummation of the Subscription
illegal or otherwise preventing or prohibiting consummation of the Subscription; and

 

    2

     

    

 

(iv)
all conditions precedent to the Issuer’s obligation to effect the Transaction set forth in the Combination Agreement shall
have been satisfied or waived (other than those conditions that (x) may only be satisfied at the closing of the Transaction, but
subject to the satisfaction or waiver of such conditions as of the closing of the Transaction or (y) will be satisfied by the
Closing and the closing of the transactions contemplated by the Other Subscription Agreements).

 

d.
Subscriber’s obligation to effect the Closing shall be subject to the satisfaction on the Closing Date, or, to the extent
permitted by applicable law, the waiver by Subscriber, of each of the following conditions:

 

(i)
no suspension of the listing on the New York Stock Exchange (the “NYSE”), or another national securities exchange,
of the Acquired Shares to be issued or issuable to Subscriber in connection with this Subscription Agreement shall have occurred;

 

(ii)
all representations and warranties of the Issuer contained in this Subscription Agreement shall be true and correct in all material
respects (other than representations and warranties that are qualified as to materiality or Material Adverse Effect (as defined
herein), which representations and warranties shall be true and correct in all respects) at and as of the Closing Date;

 

(iii)
the Issuer shall have performed, satisfied and complied in all material respects with all covenants, agreements and conditions
required by this Subscription Agreement to be performed, satisfied or complied with by it at or prior to the Closing, except where
the failure of such performance, satisfaction or non-compliance would not or would not reasonably be expected to prevent, materially
delay or materially impair the ability of the Issuer to consummate the Closing;

 

(iv)
no governmental authority shall have enacted, issued, promulgated, enforced or entered any judgment, order, law, rule or regulation
(whether temporary, preliminary or permanent) which is then in effect and has the effect of making consummation of the Subscription
illegal or otherwise preventing or prohibiting consummation of the Subscription;

 

(v)
the Combination Agreement (as the same exists on the date of this Subscription Agreement) shall not have been amended to, and
there shall have been no waiver or modification to the Combination Agreement (as the same exists on the date of this Subscription
Agreement) that would, materially adversely affect the economic benefits that Subscriber would reasonably expect to receive under
this Subscription Agreement without having received Subscriber’s prior written consent;

 

(vi)
all conditions precedent to the closing of the Transaction set forth in the Combination Agreement shall have been satisfied or
waived (other than those conditions that (x) may only be satisfied at the closing of the Transaction, but subject to the satisfaction
or waiver of such conditions as of the closing of the Transaction or (y) will be satisfied by the Closing and the closing of the
transactions contemplated by the Other Subscription Agreements); and

 

(vii)
no Company Material Adverse Effect or Switchback Material Adverse Effect (each as defined in the Combination Agreement) shall
have occurred and be continuing on the Closing Date.

 

    3

     

    

 

e.
At the Closing, the parties hereto shall execute and deliver such additional documents and take such additional actions as the
parties reasonably may deem to be practical and necessary in order to consummate the Subscription as contemplated by this Subscription
Agreement.

 

f.
In the event the Transaction does not occur within four (4) business days of the Closing, the Issuer shall promptly (but not later
than two (2) business days thereafter) return the Purchase Price to Subscriber, and any book entries shall be deemed cancelled.

 

3.
Issuer Representations and Warranties. The Issuer represents and warrants that:

 

a.
The Issuer has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of
Delaware, with corporate power and authority to own, lease and operate its properties and conduct its business as presently conducted
and to enter into, deliver and perform its obligations under this Subscription Agreement.

 

b.
The Acquired Shares have been duly authorized and, when issued and delivered to Subscriber against full payment for the Acquired
Shares in accordance with the terms of this Subscription Agreement, the Acquired Shares will be validly issued, fully paid and
non-assessable and will not have been issued in violation of or subject to any preemptive or similar rights created under the
Issuer’s certificate of incorporation and bylaws or under the laws of the State of Delaware.

 

c.
This Subscription Agreement, the Other Subscription Agreements and the Combination Agreement (collectively, the “Transaction
Documents”) have been duly authorized, executed and delivered by the Issuer and the Transaction Documents constitute
the valid and legally binding obligation of the Issuer, enforceable against the Issuer in accordance with their terms, except
as may be limited or otherwise affected by (i) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other
laws relating to or affecting the rights of creditors generally and (ii) principles of equity, whether considered at law or equity.

 

d.
The execution and delivery by the Issuer of the Transaction Documents, and the performance by the Issuer of its obligations under
the Transaction Documents, including the issuance and sale of the Acquired Shares and the consummation of the other transactions
contemplated herein, do not and will not conflict with or result in a breach or violation of any of the terms or provisions of,
or constitute a default under, or result in the creation or imposition of any lien, charge or encumbrance upon any of the property
or assets of the Issuer pursuant to the terms of (i) any indenture, mortgage, deed of trust, loan agreement, lease, license or
other agreement or instrument to which the Issuer is a party or by which the Issuer is bound or to which any of the property or
assets of the Issuer is subject, which would reasonably be expected to have, individually or in the aggregate, a material adverse
effect on the business, properties, financial condition, stockholders’ equity or results of operations of the Issuer (a
“Material Adverse Effect”) or affect the validity of the Acquired Shares or the legal authority of the Issuer
to comply in all material respects with the terms of this Subscription Agreement; (ii) the organizational documents of the Issuer;
or (iii) any statute or any judgment, order, rule or regulation of any court or governmental agency or body, domestic or foreign,
having jurisdiction over the Issuer or any of its properties that would reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect or affect the validity of the Acquired Shares or the legal authority of the Issuer to comply
in all material respects with this Subscription Agreement.

 

    4

     

    

 

e.
There are no securities or instruments issued by or to which the Issuer is a party containing anti-dilution or similar provisions
that will be triggered by the issuance of (i) the Acquired Shares or (ii) the Class A Shares to be issued pursuant to any Other
Subscription Agreement, in each case, that have not been or will not be validly waived on or prior to the Closing Date.

 

f.
The Issuer is not in default or violation (and no event has occurred which, with notice or the lapse of time or both, would constitute
a default or violation) of any term, condition or provision of (i) the organizational documents of the Issuer, (ii) any loan or
credit agreement, note, bond, mortgage, indenture, lease or other agreement, permit, franchise or license to which the Issuer
is now a party or by which the Issuer’s properties or assets are bound or (iii) any statute or any judgment, order, rule
or regulation of any court or governmental agency or body, domestic or foreign, having jurisdiction over the Issuer or any of
its properties, except, in the case of clauses (ii) and (iii), for defaults or violations that have not had and would not reasonably
be expected to have, individually or in the aggregate, a Material Adverse Effect.

 

g.
The Issuer is not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or
registration with, any court or other federal, state, local or other governmental authority, self-regulatory organization or other
person in connection with the execution, delivery and performance by the Issuer of this Subscription Agreement (including, without
limitation, the issuance of the Acquired Shares), other than (i) the filing with the Securities and Exchange Commission (the “Commission”)
of the Registration Statement (as defined below), (ii) filings required by applicable state or federal securities laws, (iii)
the filings required in accordance with Section 9(m), (iv) those required by the NYSE, including with respect to obtaining
stockholder approval, and (v) the failure of which to obtain would not reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect or have a material adverse effect of the Issuer’s ability to consummate the transactions
contemplated hereby, including the sale and issuance of the Acquired Shares.

 

h.
The authorized capital stock of the Issuer consists of (i) 1,000,000 shares of preferred stock, par value $0.0001 per share (“Preferred
Stock”), (ii) 200,000,000 Class A Shares and (iii) 20,000,000 shares of Class B common stock, par value $0.0001 per
share (“Class B Shares”). As of the date hereof and as of immediately prior to the Closing: (A) no shares of
Preferred Stock are issued and outstanding, (B) 31,411,763 Class A Shares are issued and outstanding, (C) 7,852,941 Class
B Shares are issued and outstanding and (D) 15,992,155 warrants, each entitling the holder thereof to purchase one Class A Share
at an exercise price of $11.50 per Class A Share, are outstanding.

 

    5

     

    

 

i.
The Issuer has not received any written communication from a governmental entity that alleges that the Issuer is not in compliance
with or is in default or violation of any applicable law, except where such non-compliance, default or violation would not, individually
or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

j.
The issued and outstanding Class A Shares are registered pursuant to Section 12(b) of the Securities Exchange Act of 1934,
as amended (the “Exchange Act”), and are listed for trading on the NYSE. There is no suit, action, proceeding
or investigation pending or, to the knowledge of the Issuer, threatened against the Issuer by the NYSE or the Commission with
respect to any intention by such entity to deregister the Class A Shares or prohibit or terminate the listing of the Class A Shares
on the NYSE. The Issuer has taken no action that is designed to terminate the registration of the Class A Shares under the Exchange
Act.

 

k.
Assuming the accuracy of Subscriber’s representations and warranties set forth in Section 4, no registration under
the Securities Act is required for the offer and sale of the Acquired Shares by the Issuer to Subscriber in the manner contemplated
by this Subscription Agreement.

 

l.
Neither the Issuer nor any person acting on its behalf has engaged or will engage in any form of general solicitation or general
advertising (within the meaning of Regulation D of the Securities Act) in connection with any offer or sale of the Acquired Shares.

 

m.
Neither the Issuer nor NGP Switchback, LLC, a Delaware limited liability company (the “Sponsor”) has entered
into any subscription agreement, side letter or other agreement with any Other Subscriber or any other investor in connection
with such Other Subscriber’s or investor’s direct or indirect investment in the Issuer other than (i) the Combination
Agreement, (ii) the Other Subscription Agreements, (iii) that certain letter agreement, dated July 25, 2019, by and among the
Sponsor, the Issuer and the other parties thereto and (iv) that certain founders stock letter agreement, to be dated the date
hereof, by and among the Sponsor, the Issuer and the other parties thereto. The Other Subscription Agreements have not been amended
in any material respect following the date of this Subscription Agreement and reflect the same Share Purchase Price and terms
that are no more favorable to any such Other Subscriber thereunder than the terms of this Subscription Agreement.

 

n.
The Issuer has made available to Subscriber (including via the Commission’s EDGAR system) a copy of each form, report, statement,
schedule, prospectus, proxy, registration statement and other document, if any, filed by the Issuer with the Commission since
its initial registration of the Class A Shares (the “SEC Documents”), which SEC Documents, as of their respective
filing dates, complied in all material respects with the requirements of the Exchange Act applicable to the SEC Documents and
the rules and regulations of the Commission promulgated thereunder applicable to the SEC Documents. None of the SEC Documents
filed under the Exchange Act (except to the extent that information contained in any SEC Document has been superseded by a later
timely filed SEC Document) contained, when filed any untrue statement of a material fact or omitted to state a material fact required
to be stated therein or necessary to make the statements therein not misleading, in the case of any SEC Document that is a registration
statement, or included, when filed any untrue statement of a material fact or omitted to state a material fact necessary in order
to make the statements therein, in the light of the circumstances under which they were made, not misleading, in the case of all
other SEC Documents; provided, that, with respect to the proxy statement to be filed by the Issuer with respect to the
Transaction or any of its affiliates included in any SEC Document or filed as an exhibit thereto, the representation and warranty
in this sentence is made to the Issuer’s knowledge. The Issuer has timely filed each report, statement, schedule, prospectus
and registration statement that the Issuer was required to file with the Commission since its inception. There are no material
outstanding or unresolved comments in comment letters from the Staff of the Commission with respect to any of the SEC Documents.

 

    6

     

    

 

o.
Except for such matters as have not had and would not reasonably be expected to have, individually or in the aggregate, a Material
Adverse Effect, there is no (i) proceeding pending, or, to the knowledge of the Issuer, threatened against the Issuer or (ii)
judgment, decree, injunction, ruling or order of any governmental entity or arbitrator outstanding against the Issuer.

 

p.
Except for placement fees payable to Goldman Sachs & Co. LLC, BofA Securities, Inc., and Oppenheimer & Co. Inc., in their
capacity as placement agents for the offer and sale of the Acquired Shares (in such capacity, the “Placement Agents”),
the Issuer has not paid, and is not obligated to pay, any brokerage, finder’s or other commission or similar fee in connection
with its issuance and sale of the Acquired Shares.

 

4.
Subscriber Representations and Warranties. Subscriber represents and warrants that:

 

a.
Subscriber has been duly formed or incorporated and is validly existing in good standing under the laws of its jurisdiction of
incorporation or formation, with the requisite entity power and authority to enter into, deliver and perform its obligations under
this Subscription Agreement.

 

b.
This Subscription Agreement has been duly authorized, executed and delivered by Subscriber. This Subscription Agreement is enforceable
against Subscriber in accordance with its terms, except as may be limited or otherwise affected by (i) bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium or other laws relating to or affecting the rights of creditors generally and
(ii) principles of equity, whether considered at law or equity.

 

c.
The execution and delivery by Subscriber of this Subscription Agreement, and the performance by Subscriber of its obligations
under this Subscription Agreement, including the purchase of the Acquired Shares and the consummation of the other transactions
contemplated herein, will not conflict with or result in a breach or violation of any of the terms or provisions of, or constitute
a default under, or result in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets
of Subscriber pursuant to the terms of (i) any indenture, mortgage, deed of trust, loan agreement, lease, license or other agreement
or instrument to which Subscriber is a party or by which Subscriber is bound or to which any of the property or assets of Subscriber
is subject, which would reasonably be expected to have a material adverse effect on the business, properties, financial condition,
stockholders’ equity or results of operations of Subscriber, taken as a whole (a “Subscriber Material Adverse Effect”),
or materially affect the legal authority of Subscriber to comply in all material respects with the terms of this Subscription
Agreement; (ii) the organizational documents of Subscriber; or (iii) any statute or any judgment, order, rule or regulation of
any court or governmental agency or body, domestic or foreign, having jurisdiction over Subscriber or any of Subscriber’s
properties that would reasonably be expected to have a Subscriber Material Adverse Effect or materially affect the legal authority
of Subscriber to comply in all material respects with this Subscription Agreement.

 

    7

     

    

 

d.
Subscriber (i) is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act) or an institutional
“accredited investor” (within the meaning of Rule 501(a) under the Securities Act), in each case, satisfying the applicable
requirements set forth on Schedule A, (ii) is acquiring the Acquired Shares only for its own account and not for the
account of others, or if Subscriber is subscribing for the Acquired Shares as a fiduciary or agent for one or more investor accounts,
each owner of such account is a “qualified institutional buyer” (as defined above) and Subscriber has full investment
discretion with respect to each such account, and the full power and authority to make the acknowledgements, representations and
agreements herein on behalf of each owner of each such account and (iii) is not acquiring the Acquired Shares with a view to,
or for offer or sale in connection with, any distribution thereof in violation of the Securities Act. Subscriber has completed
Schedule A following the signature page hereto and the information contained therein is accurate and complete. Subscriber
is not an entity formed for the specific purpose of acquiring the Acquired Shares.

 

e.
Subscriber understands that the Acquired Shares are being offered in a transaction not involving any public offering within the
meaning of the Securities Act and that the Acquired Shares have not been registered under the Securities Act. Subscriber understands
that the Acquired Shares may not be resold, transferred, pledged or otherwise disposed of by Subscriber absent an effective registration
statement under the Securities Act, except (i) to the Issuer or a subsidiary thereof, (ii) to non-U.S. persons pursuant to offers
and sales that occur outside the United States within the meaning of Regulation S under the Securities Act, (iii) pursuant to
Rule 144 under the Securities Act, provided that all of the applicable conditions thereof have been met, or (iv) pursuant
to another applicable exemption from the registration requirements of the Securities Act, and that any certificates or book-entry
records representing the Acquired Shares shall contain a legend to such effect. Subscriber acknowledges that the Acquired Shares
will not be eligible for resale pursuant to Rule 144A promulgated under the Securities Act. Subscriber understands and agrees
that the Acquired Shares will be subject to transfer restrictions and, as a result of these transfer restrictions, Subscriber
may not be able to readily resell the Acquired Shares and may be required to bear the financial risk of an investment in the Acquired
Shares for an indefinite period of time. Subscriber understands that it has been advised to consult legal counsel prior to making
any offer, resale, pledge or transfer of any of the Acquired Shares.

 

f.
Subscriber understands and agrees that Subscriber is purchasing the Acquired Shares directly from the Issuer. Subscriber further
acknowledges that there have been no representations, warranties, covenants and agreements made to Subscriber by the Issuer or
any of its officers or directors, expressly or by implication, other than those representations, warranties, covenants and agreements
included in this Subscription Agreement.

 

g.
Subscriber’s acquisition and holding of the Acquired Shares will not constitute or result in a non-exempt prohibited transaction
under section 406 of the Employee Retirement Income Security Act of 1974, as amended, section 4975 of the Internal Revenue Code
of 1986, as amended (the “Code”), or any applicable similar law.

 

    8

     

    

 

h.
In making its decision to subscribe for and purchase the Acquired Shares, Subscriber represents that it has relied solely upon
its own independent investigation, the investor presentation provided to Subscriber and the Issuer’s representations and
warranties in Section 3. Without limiting the generality of the foregoing, Subscriber has not relied on any statements
or other information provided by the Placement Agents or any of their respective affiliates, or any of their respective officers,
directors, employees or representatives, concerning the Issuer or the Acquired Shares or the offer and sale of the Acquired Shares.
Subscriber acknowledges and agrees that Subscriber has received such information as Subscriber deems necessary in order to make
an investment decision with respect to the Acquired Shares, including with respect to the Issuer and the Transaction. Subscriber
represents and agrees that Subscriber and Subscriber’s professional advisor(s), if any, have had the full opportunity to
ask such questions, receive such answers and obtain such information as Subscriber and such Subscriber’s professional advisor(s),
if any, have deemed necessary to make an investment decision with respect to the Acquired Shares.

 

i.
Subscriber became aware of this offering of the Acquired Shares solely by means of direct contact between Subscriber and the Issuer
or the Placement Agents, and the Acquired Shares were offered to Subscriber solely by direct contact between Subscriber and the
Issuer or the Placement Agents. Subscriber did not become aware of this offering of the Acquired Shares, nor were the Acquired
Shares offered to Subscriber, by any other means. Subscriber acknowledges that the Issuer represents and warrants that the Acquired
Shares (i) were not offered by any form of general solicitation or general advertising and (ii) are not being offered in a manner
involving a public offering under, or in a distribution in violation of, the Securities Act, or any state securities laws.

 

j.
Subscriber acknowledges that it is aware that there are substantial risks incident to the purchase and ownership of the Acquired
Shares. Subscriber has such knowledge and experience in financial and business matters as to be capable of evaluating the merits
and risks of an investment in the Acquired Shares, and Subscriber has sought such accounting, legal and tax advice as Subscriber
has considered necessary to make an informed investment decision.

 

k.
Subscriber acknowledges and agrees that neither the Placement Agents nor any affiliate of any of the Placement Agents (nor any
officer, director, employee or representative of any of the Placement Agent or any affiliate thereof) has provided Subscriber
with any information or advice with respect to the Acquired Shares nor is such information or advice necessary or desired. Subscriber
acknowledges that none of the Placement Agents, any affiliate of any of the Placement Agents or any of their respective officers,
directors, employees or representatives (i) has made any representation as to the Issuer or the quality of the Acquired Shares,
(ii) may have acquired non-public information with respect to the Issuer which Subscriber agrees need not be provided to it, (iii)
has made an independent investigation with respect to the Issuer or the Acquired Shares or the accuracy, completeness or adequacy
of any information supplied to Subscriber by the Issuer, (iv) has acted as Subscriber’s financial advisor or fiduciary
in connection with the issue and purchase of the Acquired Shares and (v) has prepared a disclosure or offering document in connection
with the offer and sale of the Acquired Shares.

 

    9

     

    

 

l.
Alone, or together with any professional advisor(s), Subscriber represents and acknowledges that Subscriber has adequately analyzed
and fully considered the risks of an investment in the Acquired Shares and determined that the Acquired Shares are a suitable
investment for Subscriber and that Subscriber is able at this time and in the foreseeable future to bear the economic risk of
a total loss of Subscriber’s investment in the Issuer. Subscriber acknowledges specifically that a possibility of total
loss exists.

 

m.
Subscriber understands and agrees that no federal or state agency has passed upon or endorsed the merits of the offering of the
Acquired Shares or made any findings or determination as to the fairness of an investment in the Acquired Shares.

 

n.
Subscriber is not (i) a person or entity named on the List of Specially Designated Nationals and Blocked Persons, the Executive
Order 13599 List, the Foreign Sanctions Evaders List, or the Sectoral Sanctions Identification List, each of which is administered
by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) (collectively “OFAC
Lists”), (ii) owned or controlled by, or acting on behalf of, a person, that is named on an OFAC List, (iii) organized,
incorporated, established, located, resident or born in, or a citizen, national, or the government, including any political subdivision,
agency, or instrumentality thereof, of, Cuba, Iran, North Korea, Sudan, Syria, the Crimea region of Ukraine, or any other country
or territory embargoed or subject to substantial trade restrictions by the United States, (iv) a Designated National as defined
in the Cuban Assets Control Regulations, 31 C.F.R. Part 515 or (v) a non-U.S. shell bank or providing banking services indirectly
to a non-U.S. shell bank (collectively, a “Prohibited Investor”). Subscriber represents that if it is a financial
institution subject to the Bank Secrecy Act (31 U.S.C. section 5311 et seq.) (the “BSA”), as amended by the
USA PATRIOT Act of 2001 (the “PATRIOT Act”), and its implementing regulations (collectively, the “BSA/PATRIOT
Act”), that Subscriber maintains policies and procedures reasonably designed to comply with applicable obligations under
the BSA/PATRIOT Act. Subscriber also represents that, to the extent required, it maintains policies and procedures reasonably
designed to ensure compliance with OFAC-administered sanctions programs, including for the screening of its investors against
the OFAC Lists. Subscriber further represents and warrants that, to the extent required, it maintains policies and procedures
reasonably designed to ensure that the funds held by Subscriber and used to purchase the Acquired Shares were legally derived.

 

o.
If Subscriber is or is acting on behalf of (i) an employee benefit plan that is subject to Title I of the Employee Retirement
Income Security Act of 1974, as amended (“ERISA”), (ii) a plan, an individual retirement account or other arrangement
that is subject to section 4975 of the Code, (iii) an entity whose underlying assets are considered to include “plan assets”
of any such plan, account or arrangement described in clauses (i) and (ii) (each, and “ERISA Plan”), or (iv) an employee
benefit plan that is a governmental plan (as defined in section 3(32) of ERISA), a church plan (as defined in section 3(33) of
ERISA), a non-U.S. plan (as described in section 4(b)(4) of ERISA) or other plan that is not subject to the foregoing clauses
(i), (ii) or (iii) but may be subject to provisions under any other federal, state, local, non-U.S. or other laws or regulations
that are similar to such provisions of ERISA or the Code (collectively, “Similar Laws,” and together with the
ERISA Plans, “Plans”) Subscriber represents and warrants that (i) neither the Issuer, nor any of its respective affiliates
(the “Transaction Parties”) has provided investment advice or has otherwise acted as the Plan’s
fiduciary, with respect to its decision to acquire and hold the Acquired Shares, and none of the Transaction Parties is or shall
at any time be the Plan’s fiduciary with respect to any decision to acquire and hold the Acquired Shares, and none of the
Transaction Parties is or shall at any time be the Plan’s fiduciary with respect to any decision in connection with Subscriber’s
investment in the Acquired Shares; and (ii) its purchase of the Acquired Shares will not result in a non-exempt prohibited transaction
under section 406 of ERISA or section 4975 of the Code, or any applicable Similar Law.

 

p.
Subscriber has, and at the Closing will have, sufficient funds to pay the Purchase Price pursuant to Section 2(b)(i).

 

    10

     

    

 

5.
Additional Subscriber Agreement. Subscriber hereby agrees that, from the date of this Agreement until the Closing Date,
neither Subscriber nor any person or entity acting on behalf of Subscriber or pursuant to any understanding with Subscriber will
engage in any Short Sales with respect to securities of the Issuer. For purposes of this Section 5, “Short Sales”
shall include, without limitation, all “short sales” as defined in Rule 200 promulgated under Regulation SHO under
the Exchange Act, and all types of direct and indirect stock pledges (other than pledges in the ordinary course of business as
part of prime brokerage arrangements), forward sale contracts, options, puts, calls, swaps and similar arrangements (including
on a total return basis), and sales and other transactions through non-U.S. broker dealers or foreign regulated brokers. Notwithstanding
the foregoing, (i) nothing herein shall prohibit other entities under common management with Subscriber that have no knowledge
of this Subscription Agreement or of Subscriber’s participation in the Transaction (including Subscriber’s controlled
affiliates and/or affiliates) from entering into any Short Sales and (ii) in the case of a Subscriber that is a multi-managed
investment vehicle whereby separate portfolio managers manage separate portions of such Subscriber’s assets and the portfolio
managers have no knowledge of the investment decisions made by the portfolio managers managing other portions of such Subscriber’s
assets, the representation set forth above shall only apply with respect to the portion of assets managed by the portfolio manager
that made the investment decision to purchase the Acquired Shares covered by this Subscription Agreement.

 

6.
Registration Rights.

 

a.
The Issuer agrees that, within fifteen (15) business days after the consummation of the Transaction (the “Filing Date”),
the Issuer will file with the Commission (at the Issuer’s sole cost and expense) a registration statement (the “Registration
Statement”), registering the resale of the Acquired Shares, which Registration Statement may include shares of the Issuer’s
common stock issuable upon exercise of outstanding warrants or those held by the Sponsor, and the Issuer shall use its reasonable
best efforts to have the Registration Statement declared effective as soon as practicable after the filing thereof, but no later
than the earlier of (i) the 60th calendar day (or 90th calendar day if the Commission notifies the Issuer that it will “review”
the Registration Statement) following the Closing and (ii) the 10th business day after the date the Issuer is notified (orally
or in writing, whichever is earlier) by the Commission that the Registration Statement will not be “reviewed” or will
not be subject to further review (such earlier date, the “Effectiveness Date”); provided, however,
that the Issuer’s obligations to include the Acquired Shares in the Registration Statement are contingent upon Subscriber
furnishing in writing to the Issuer such information regarding Subscriber, the securities of the Issuer held by Subscriber and
the intended method of disposition of the Acquired Shares as shall be reasonably requested by the Issuer to effect the registration
of the Acquired Shares, and Subscriber shall execute such documents in connection with such registration as the Issuer may reasonably
request that are customary of a selling stockholder in similar situations, including providing that the Issuer shall be entitled
to postpone and suspend the effectiveness or use of the Registration Statement during any customary blackout or similar period
or as permitted hereunder. Notwithstanding the foregoing, if the Commission prevents the Issuer from including any or all of the
shares proposed to be registered under the Registration Statement due to limitations on the use of Rule 415 of the Securities
Act for the resale of the Acquired Shares by the applicable stockholders or otherwise, such Registration Statement shall register
for resale such number of Acquired Shares which is equal to the maximum number of Acquired Shares as is permitted by the Commission.
In such event, the number of Acquired Shares to be registered for each selling stockholder named in the Registration Statement
shall be reduced pro rata among all such selling stockholders. Upon notification by the Commission that the Registration Statement
has been declared effective by the Commission, within two (2) business days thereafter, the Issuer shall file the final prospectus
under Rule 424 of the Securities Act. The Issuer will provide a draft of the Registration Statement to Subscriber for review at
least two (2) business days in advance of filing the Registration Statement. In no event shall Subscriber be identified as a statutory
underwriter in the Registration Statement unless requested by the SEC; provided, that if the SEC requests that Subscriber
be identified as a statutory underwriter in the Registration Statement, Subscriber will have an opportunity to withdraw from the
Registration Statement. For purposes of clarification, any failure by the Issuer to file the Registration Statement by the Filing
Date or to effect such Registration Statement by the Effectiveness Date shall not otherwise relieve the Issuer of its obligations
to file or effect the Registration Statement as set forth above in this Section 6.

 

    11

     

    

 

b.
In the case of the registration effected by the Issuer pursuant to this Subscription Agreement, the Issuer shall, upon reasonable
request, inform Subscriber as to the status of such registration. At its expense the Issuer shall:

 

(i)
except for such times as the Issuer is permitted hereunder to suspend the use of the prospectus forming part of a Registration
Statement, use its commercially reasonable efforts to keep such registration continuously effective with respect to Subscriber,
and to keep the applicable Registration Statement or any subsequent shelf registration statement free of any material misstatements
or omissions, until the earlier of the following: (i) Subscriber ceases to hold any Acquired Shares or (ii) the date all Acquired
Shares held by Subscriber may be sold without restriction under Rule 144, including without limitation, any volume and manner
of sale restrictions which may be applicable to affiliates under Rule 144 and without the requirement for the Issuer to be in
compliance with the current public information required under Rule 144(c)(1) or Rule 144(i)(2), as applicable, and (iii) two years
from the Effectiveness Date of the Registration Statement.

 

(ii)
advise Subscriber within two (2) business days:

 

(1)
when a Registration Statement or any amendment thereto has been filed with the Commission and when such Registration Statement
or any post-effective amendment thereto has become effective;

 

    12

     

    

 

(2)
of any request by the Commission for amendments or supplements to any Registration Statement or the prospectus included therein
or for additional information;

 

(3)
of the issuance by the Commission of any stop order suspending the effectiveness of any Registration Statement or the initiation
of any proceedings for such purpose;

 

(4)
of the receipt by the Issuer of any notification with respect to the suspension of the qualification of the Acquired Shares included
therein for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and

 

(5)
subject to the provisions in this Subscription Agreement, of the occurrence of any event that requires the making of any changes
in any Registration Statement or prospectus so that, as of such date, any Registration Statement does not contain an untrue statement
of a material fact or does not omit to state a material fact required to be stated therein or necessary to make the statements
therein not misleading, or any prospectus does not include an untrue statement of a material fact or does not omit to state a
material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made,
not misleading.

 

Notwithstanding
anything to the contrary set forth herein, the Issuer shall not, when so advising Subscriber of such events, provide Subscriber
with any material, nonpublic information regarding the Issuer other than to the extent that providing notice to Subscriber of
the occurrence of the events listed in (1) through (5) above constitutes material, nonpublic information regarding the Issuer;

 

(iii)
use its commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of any Registration
Statement as soon as reasonably practicable;

 

(iv)
upon the occurrence of any event contemplated above, except for such times as the Issuer is permitted hereunder to suspend, and
has suspended, the use of a prospectus forming part of a Registration Statement, the Issuer shall use its commercially reasonable
efforts to as soon as reasonably practicable prepare a post-effective amendment to such Registration Statement or a supplement
to the related prospectus, or file any other required document so that, as thereafter delivered to purchasers of the Acquired
Shares included therein, such prospectus will not include any untrue statement of a material fact or omit to state any material
fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading;

 

(v)
use its commercially reasonable efforts to cause all Acquired Shares to be listed on each securities exchange or market, if any,
on which the Class A Shares issued by the Issuer have been listed;

 

(vi)
use its commercially reasonable efforts to take all other steps necessary to effect the registration of the Acquired Shares contemplated
hereby and to enable Subscriber to sell the Acquired Shares under Rule 144; and

 

    13

     

    

 

(vii)
subject to receipt from Subscriber by the Issuer and its transfer agent of customary representations
and other documentation reasonably acceptable to the Issuer and the transfer agent in connection therewith, including, if required
by the transfer agent, an opinion of the Issuer’s counsel, in a form reasonably acceptable to the transfer agent, to the
effect that the removal of such restrictive legends in such circumstances may be effected under the Securities Act, Subscriber
may request that the Issuer remove any legend from the book entry position evidencing its Acquired Shares following the earliest
of such time as such Acquired Shares (A) are subject to or have been or are about to be sold or transferred pursuant to an
effective registration statement or (B) have been or are about to be sold pursuant to Rule 144. If restrictive legends are
no longer required for such Acquired Shares pursuant to the foregoing, the Issuer shall, in accordance with the provisions of
this section and within two (2) business days of any request therefor from Subscriber accompanied by such customary and reasonably
acceptable representations and other documentation referred to above establishing that restrictive legends are no longer required,
deliver to the transfer agent irrevocable instructions that the transfer agent shall make a new, unlegended entry for such book
entry Acquired Shares. The Issuer shall be responsible for the fees of its transfer agent and all DTC fees associated with such
issuance.

 

c.
Notwithstanding anything to the contrary in this Subscription Agreement, the Issuer shall be entitled to delay or postpone the
effectiveness of the Registration Statement, and from time to time to require Subscriber not to sell under the Registration Statement
or to suspend the effectiveness thereof, if the negotiation or consummation of a transaction by the Issuer or its subsidiaries
is pending or an event has occurred, which negotiation, consummation or event the Issuer’s board of directors reasonably
believes, upon the advice of legal counsel, would require additional disclosure by the Issuer in the Registration Statement of
material information that the Issuer has a bona fide business purpose for keeping confidential and the non-disclosure of which
in the Registration Statement would be expected, in the reasonable determination of the Issuer’s board of directors, upon
the advice of legal counsel, to cause the Registration Statement to fail to comply with applicable disclosure requirements (each
such circumstance, a “Suspension Event”); provided, however, that the Issuer may not delay or
suspend the Registration Statement on more than two occasions or for more than sixty (60) consecutive calendar days, or more than
ninety (90) total calendar days, in each case during any twelve-month period. Upon receipt of any written notice from the Issuer
of the happening of any Suspension Event during the period that the Registration Statement is effective or if as a result of a
Suspension Event the Registration Statement contains any untrue statement of a material fact or omits to state any material fact
required to be stated therein or necessary to make the statements therein not misleading, or any related prospectus includes any
untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in
the light of the circumstances under which they were made, not misleading, Subscriber agrees that (i) it will immediately discontinue
offers and sales of the Acquired Shares under the Registration Statement until Subscriber receives copies of a supplemental or
amended prospectus (which the Issuer agrees to promptly prepare) that corrects the misstatement(s) or omission(s) referred to
above and receives notice that any post-effective amendment has become effective or unless otherwise notified by the Issuer that
it may resume such offers and sales and (ii) it will maintain the confidentiality of any information included in such written
notice delivered by the Issuer unless otherwise required by law or subpoena. If so directed by the Issuer, Subscriber will deliver
to the Issuer or, in Subscriber’s sole discretion destroy, all copies of the prospectus covering the Acquired Shares in
Subscriber’s possession; provided, however, that this obligation to deliver or destroy all copies of the prospectus
covering the Acquired Shares shall not apply (A) to the extent Subscriber is required to retain a copy of such prospectus (x)
in order to comply with applicable legal, regulatory, self-regulatory or professional requirements or (y) in accordance with a
bona fide pre-existing document retention policy or (B) to copies stored electronically on archival servers as a result of automatic
data back-up.

 

    14

     

    

 

d.
Subscriber may deliver written notice (an “Opt-Out Notice”) to the Issuer requesting that Subscriber not receive
notices from the Issuer otherwise required by this Section 6; provided, however, that Subscriber may
later revoke any such Opt-Out Notice in writing. Following receipt of an Opt-Out Notice from Subscriber (unless subsequently revoked),
(i) the Issuer shall not deliver any such notices to Subscriber and Subscriber shall no longer be entitled to the rights associated
with any such notice and (ii) each time prior to Subscriber’s intended use of an effective Registration Statement, Subscriber
will notify the Issuer in writing at least two (2) business days in advance of such intended use, and if a notice of a Suspension
Event was previously delivered (or would have been delivered but for the provisions of this Section 6(d)) and the related
suspension period remains in effect, the Issuer will so notify Subscriber, within one (1) business day of Subscriber’s notification
to the Issuer, by delivering to Subscriber a copy of such previous notice of Suspension Event, and thereafter will provide Subscriber
with the related notice of the conclusion of such Suspension Event immediately upon its availability.

 

e.
The Issuer shall, notwithstanding any termination of this Subscription Agreement, indemnify, defend and hold harmless Subscriber
(to the extent a seller under the Registration Statement), its directors, officers, agents and employees and each person who controls
Subscriber (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) to the fullest
extent permitted by applicable law, from and against any and all out-of-pocket losses, claims, damages, liabilities, costs (including
reasonable attorneys’ fees) and expenses (collectively, “Losses”), as incurred, that arise out of or
are based upon (i) any untrue or alleged untrue statement of a material fact contained in the Registration Statement or in
any amendment or supplement thereto, required to be stated therein or necessary to make the statements therein not misleading
or (ii) any untrue or alleged untrue statement of a material fact included in any prospectus included in the Registration Statement
or any form of prospectus or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating
to any omission or alleged omission to state a material fact necessary in order to make the statements therein, in the light of
the circumstances under which they were made, not misleading, except to the extent, but only to the extent, that such untrue statements,
alleged untrue statements, omissions or alleged omissions are based upon information regarding Subscriber furnished in writing
to the Issuer by Subscriber expressly for use therein or Subscriber has omitted a material fact from such information or otherwise
violated the Securities Act, Exchange Act or any state securities law or any rule or regulation thereunder; provided, however,
that the indemnification contained in this Section 6 shall not apply to amounts paid in settlement of any Losses if such
settlement is effected without the consent of the Issuer (which consent shall not be unreasonably withheld, conditioned or delayed),
nor shall the Issuer be liable for any Losses to the extent they arise out of or are based upon a violation which occurs (A) in
reliance upon and in conformity with written information furnished by Subscriber, (B) in connection with any failure of such person
to deliver or cause to be delivered a prospectus made available by the Issuer in a timely manner or (C) in connection with any
offers or sales effected by or on behalf of Subscriber in violation of Section 6(c) hereof. The Issuer shall notify Subscriber
reasonably promptly of the institution, threat or assertion of any proceeding arising from or in connection with the transactions
contemplated by this Section 6 of which the Issuer receives notice in writing. Such indemnity shall remain in full force
and effect regardless of any investigation made by or on behalf of an indemnified party and shall survive the transfer of the
Acquired Shares by Subscriber.

 

    15

     

    

 

f.
Subscriber shall, severally and not jointly, indemnify and hold harmless the Issuer, its directors, officers, agents and employees,
and each person who controls the Issuer (within the meaning of Section 15 of the Securities Act and Section 20 of the
Exchange Act), to the fullest extent permitted by applicable law, from and against all Losses, as incurred, (i) arising out of
or based upon any untrue or alleged untrue statement of a material fact contained in any Registration Statement or in any amendment
or supplement thereto or arising out of or relating to any omission or alleged omission of a material fact required to be stated
therein or necessary to make the statements therein not misleading or (ii) arising out of or based upon any untrue or alleged
untrue statement of a material fact included in any prospectus included in the Registration Statement or any form of prospectus
or in any amendment or supplement thereto or in any preliminary prospectus or arising out of or relating to any omission or alleged
omission of a material fact necessary in order to make the statements therein, in the light of the circumstances under which they
were made, not misleading, with respect to (i) and/or (ii), to the extent, but only to the extent, that such untrue or alleged
untrue statements or omissions or alleged omissions are based upon information regarding Subscriber furnished in writing to the
Issuer by Subscriber expressly for use therein; provided, however, that the indemnification contained in this Section
6(f) shall not apply to amounts paid in settlement of any Losses if such settlement is effected without the consent of Subscriber
(which consent shall not be unreasonably withheld, conditioned or delayed). In no event shall the liability of Subscriber be greater
in amount than the dollar amount of the net proceeds received by Subscriber upon the sale of the Acquired Shares giving rise to
such indemnification obligation. Subscriber shall notify the Issuer promptly of the institution, threat or assertion of any proceeding
arising from or in connection with the transactions contemplated by this Section 6(f) of which Subscriber is aware.
Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of an indemnified party
and shall survive the transfer of the Acquired Shares by Subscriber.

 

7.
Termination. This Subscription Agreement shall terminate and be void and of no further force and effect, and all rights
and obligations of the parties hereunder shall terminate without any further liability on the part of any party in respect thereof,
upon the earliest to occur of (a) such date and time as the Combination Agreement is validly terminated in accordance with its
terms, (b) upon the mutual written agreement of each of the parties hereto to terminate this Subscription Agreement, (c) at the
election of Subscriber upon a breach of any representation, warranty, covenant or agreement on the part of the Issuer set forth
in this Subscription Agreement, or if any representation or warranty of the Issuer shall have become untrue, in either case such
that the conditions set forth in Section 2(d) are not capable of being satisfied by the End Date (as defined below) and
(d) at the election of Subscriber, on or after the date that is 240 days after the date hereof (the “End Date”)
if the Closing has not occurred on or prior to such date; provided, that nothing herein will relieve any party from liability
for any willful breach hereof prior to the time of termination, and each party will be entitled to any remedies at law or in equity
to recover losses, liabilities or damages arising from such breach. The Issuer shall promptly notify Subscriber of the termination
of the Combination Agreement promptly after the termination of such agreement.

 

    16

     

    

 

8.
Trust Account Waiver. Subscriber acknowledges that the Issuer is a blank check company with the powers and privileges to
effect a merger, asset acquisition, reorganization or similar business combination involving the Issuer and one or more businesses
or assets. Subscriber further acknowledges that, as described in the Issuer’s prospectus relating to its initial public
offering dated July 25, 2019 (the “Prospectus”), available at www.sec.gov, substantially all of the Issuer’s
assets consist of the cash proceeds of the Issuer’s initial public offering and private placements of its securities, and
substantially all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit
of the Issuer, its public stockholders and the underwriters of the Issuer’s initial public offering. Except with respect
to interest earned on the funds held in the Trust Account that may be released to the Issuer to pay its tax obligations, if any,
the cash in the Trust Account may be disbursed only for the purposes set forth in the Prospectus. For and in consideration of
the Issuer entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, Subscriber,
on behalf of itself and its representatives, hereby irrevocable waives any and all right, title and interest, or any claim of
any kind they have or may have in the future arising out of this Subscription Agreement, in or to any monies held in the Trust
Account, and agrees not to seek recourse against the Trust Account as a result of, or arising out of, this Subscription Agreement;
provided, however, that nothing in this Section 8 shall be deemed to limit any Subscriber’s right, title,
interest or claim to the Trust Account by virtue of such Subscriber’s record or beneficial ownership of securities of the
Issuer acquired by any means other than pursuant to this Subscription Agreement, including but not limited to any redemption right
with respect to any such securities of the Issuer.

 

9.
Miscellaneous.

 

a.
Subscriber acknowledges that the Issuer, the Placement Agents and others will rely on the acknowledgments, understandings, agreements,
representations and warranties contained in this Subscription Agreement. Prior to the Closing, Subscriber agrees to promptly notify
the Issuer if any of the acknowledgments, understandings, agreements, representations and warranties made by Subscriber as set
forth herein are no longer accurate in all material respects. Subscriber further acknowledges and agrees that the Placement Agents
are third-party beneficiaries of the representations and warranties of Subscriber contained in Section 4.

 

b.
Each of the Issuer and Subscriber is irrevocably authorized to produce this Subscription Agreement or a copy hereof to any interested
party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby to the extent required
by law or by regulatory bodies.

 

c.
Notwithstanding anything to the contrary in this Subscription Agreement, prior to the Closing, Subscriber may not transfer or
assign all or a portion of its rights under this Subscription Agreement other than to a fund or account managed by the same investment
manager as Subscriber, without the prior consent of the Issuer; provided that such transferee or assignee agrees in writing to
be bound by and subject to the terms and conditions of this Subscription Agreement, makes the representations and warranties in
Section 4 and completes Schedule A hereto. In the event of such a transfer or assignment, Subscriber shall update
Schedule B to provide the information required therein.

 

    17

     

    

 

d.
All the agreements, representations and warranties made by each party hereto in this Subscription Agreement shall survive the
Closing. For the avoidance of doubt, if for any reason the Closing does not occur prior to the consummation of the Transactions,
all representations, warranties, covenants and agreements of the parties hereunder shall survive the consummation of the Transactions
and remain in full force and effect.

 

e.
The Issuer may request from Subscriber such additional information as the Issuer may reasonably deem necessary to evaluate the
eligibility of Subscriber to acquire the Acquired Shares, and Subscriber shall provide such information as may be reasonably requested,
to the extent readily available and to the extent consistent with its internal policies and procedures; provided, that
the Issuer agrees to keep any such information provided by Subscriber confidential.

 

f.
This Subscription Agreement constitutes the entire agreement, and supersedes all other prior agreements, understandings, representations
and warranties, both written and oral, among the parties, with respect to the subject matter hereof.

 

g.
Except as otherwise provided herein, this Subscription Agreement shall be binding upon, and inure to the benefit of the parties
hereto and their heirs, executors, administrators, successors, legal representatives and permitted assigns, and the agreements,
representations, warranties, covenants and acknowledgments contained herein shall be deemed to be made by, and be binding upon,
such heirs, executors, administrators, successors, legal representatives and permitted assigns.

 

(i)
Each of the Issuer and Subscriber acknowledges and agrees that (A) this Subscription Agreement is being entered into in order
to induce ChargePoint to execute and deliver the Combination Agreement and without the representations, warranties, covenants
and agreements of the Issuer and Subscriber hereunder, ChargePoint would not enter into the Combination Agreement, (B) each representation,
warranty, covenant and agreement of Subscriber hereunder is being made also for the benefit of ChargePoint and (C) ChargePoint
may directly enforce (including by an action for specific performance, injunctive relief or other equitable relief) each of the
covenants and agreements of each of the Issuer and Subscriber under this Subscription Agreement.

 

h.
If any provision of this Subscription Agreement shall be invalid, illegal or unenforceable, the validity, legality or enforceability
of the remaining provisions of this Subscription Agreement shall not in any way be affected or impaired thereby and shall continue
in full force and effect.

 

i.
This Subscription Agreement may be executed in two (2) or more counterparts (including by electronic means), all of which shall
be considered one and the same agreement and shall become effective when signed by each of the parties and delivered to the other
parties, it being understood that all parties need not sign the same counterpart.

 

    18

     

    

 

j.
Each party shall pay all of its own expenses in connection with this Subscription Agreement and the transactions contemplated
herein.

 

k.
Notices. Any notice or communication required or permitted hereunder shall be in writing and either delivered personally,
emailed or telecopied, sent by overnight mail via a reputable overnight carrier, or sent by certified or registered mail, postage
prepaid, and shall be deemed to be given and received (a) when so delivered personally, (b) upon receipt of an appropriate electronic
answerback or confirmation when so delivered by telecopy (to such number specified below or another number or numbers as such
person may subsequently designate by notice given hereunder), (c) when sent, with no mail undeliverable or other rejection notice,
if sent by email or (d) five (5) business days after the date of mailing to the address below or to such other address or addresses
as such person may hereafter designate by notice given hereunder:

 

(i)
if to Subscriber, to such address or addresses set forth on the signature page hereto;

 

(ii)
if to the Issuer, to:

 

Switchback
Energy Acquisition Corporation

5949 Sherry Lane, Suite 1010

Dallas,
TX 75225

Attention: Jim Mutrie

Email: jmutrie@switchback-energy.com

 

with
a required copies to (which copies shall not constitute notice):

 

Vinson
& Elkins L.L.P.

1001
Fannin St.

Suite
2500

Houston,
TX 77002

Attention:
Douglas E. McWilliams; E. Ramey Layne

Email:
dmcwilliams@velaw.com; rlayne@velaw.com

 

ChargePoint,
Inc.

240
East Hacienda Avenue

Campbell,
CA 95008

Attention:
Rex Jackson

Email:
rex.jackson@chargepoint.com

 

Weil,
Gotshal & Manges LLP

767
5th Avenue

New
York, NY 10153

Attention:
Michael Aiello; Amanda Fenster

Email:
Michael.aiello@weil.com; Amanda.fenster@weil.com

 

    19

     

    

 

Gunderson
Dettmer Stough Villeneuve Franklin & Hachigian, LLP

550
Allerton Street

Redwood
City, CA 94063

Attention:
David Young; Jeffrey R. Vetter

Email:
dyoung@gunder.com; jvetter@gunder.com

 

and

 

(iii)
if to the Placement Agents, to:

 

Goldman
Sachs & Co. LLC

200
West Street

New
York, NY 10282

Attn:
Olympia McNerney

Email: Olympia.McNerney@gs.com

 

BofA
Securities, Inc.

One
Bryant Park

New
York, NY 10036

Attn:
Patrick Hamer

Email:
Patrick.Hamer@bofa.com

 

Oppenheimer & Co. Inc.

85
Broad Street

New
York, NY 10004

Attn:
Lewis Silberman

Email:
Lewis.Silberman@opco.com

 

l.
This Subscription Agreement, and any claim or cause of action hereunder based upon, arising out of or related to this Subscription
Agreement (whether based on law, in equity, in contract, in tort or any other theory) or the negotiation, execution, performance
or enforcement of this Subscription Agreement, shall be governed by and construed in accordance with the Laws of the State of
New York, without giving effect to the principles of conflicts of law thereof.

 

THE
PARTIES HERETO IRREVOCABLY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT
OF NEW YORK, THE SUPREME COURT OF THE STATE OF NEW YORK AND THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA LOCATED IN THE
STATE OF NEW YORK SOLELY IN RESPECT OF THE INTERPRETATION AND ENFORCEMENT OF THE PROVISIONS OF THIS SUBSCRIPTION AGREEMENT AND
THE DOCUMENTS REFERRED TO IN THIS SUBSCRIPTION AGREEMENT AND IN RESPECT OF THE TRANSACTIONS CONTEMPLATED HEREBY, AND HEREBY WAIVE,
AND AGREE NOT TO ASSERT, AS A DEFENSE IN ANY ACTION, SUIT OR PROCEEDING FOR INTERPRETATION OR ENFORCEMENT HEREOF OR ANY SUCH DOCUMENT
THAT IS NOT SUBJECT THERETO OR THAT SUCH ACTION, SUIT OR PROCEEDING MAY NOT BE BROUGHT OR IS NOT MAINTAINABLE IN SAID COURTS OR
THAT VENUE THEREOF MAY NOT BE APPROPRIATE OR THAT THIS SUBSCRIPTION AGREEMENT OR ANY SUCH DOCUMENT MAY NOT BE ENFORCED IN OR BY
SUCH COURTS, AND THE PARTIES HERETO IRREVOCABLY AGREE THAT ALL CLAIMS WITH RESPECT TO SUCH ACTION, SUIT OR PROCEEDING SHALL BE
HEARD AND DETERMINED BY SUCH A NEW YORK STATE OR FEDERAL COURT. THE PARTIES HEREBY CONSENT TO AND GRANT ANY SUCH COURT JURISDICTION
OVER THE PERSON OF SUCH PARTIES AND OVER THE SUBJECT MATTER OF SUCH DISPUTE AND AGREE THAT MAILING OF PROCESS OR OTHER PAPERS
IN CONNECTION WITH SUCH ACTION, SUIT OR PROCEEDING IN THE MANNER PROVIDED IN SECTION 9(k) OR IN SUCH OTHER MANNER AS MAY
BE PERMITTED BY LAW SHALL BE VALID AND SUFFICIENT SERVICE THEREOF.

 

    20

     

    

 

EACH
PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY
WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR
RELATING TO THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS SUBSCRIPTION AGREEMENT. EACH PARTY CERTIFIES
AND ACKNOWLEDGES THAT (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT
SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER; (II) SUCH PARTY UNDERSTANDS AND
HAS CONSIDERED THE IMPLICATIONS OF THE FOREGOING WAIVER; (III) SUCH PARTY MAKES THE FOREGOING WAIVER VOLUNTARILY AND (IV) SUCH
PARTY HAS BEEN INDUCED TO ENTER INTO THIS SUBSCRIPTION AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVER AND CERTIFICATIONS
IN THIS SECTION 9(l).

 

m.
The Issuer shall, by 9:00 a.m., New York City time, on the first (1st) business day immediately following the date of this Subscription
Agreement, issue one or more press releases or file with the Commission a Current Report on Form 8-K (collectively, the “Disclosure
Document”) disclosing all material terms of the transactions contemplated hereby, the Transaction and any other material,
nonpublic information that the Issuer has provided to Subscriber at any time prior to the filing of the Disclosure Document. From
and after the issuance of the Disclosure Document, to the Issuer’s knowledge, Subscriber shall not be in possession of any
material, nonpublic information received from the Issuer or any of its officers, directors or employees. Notwithstanding anything
in this Subscription Agreement to the contrary, the Issuer shall not publicly disclose the name of Subscriber or any of its affiliates,
or include the name of Subscriber or any of its affiliates in any press release or in any filing with the Commission or any regulatory
agency or trading market, without the prior written consent of Subscriber, except (i) as required by the federal securities law
in connection with the Registration Statement, (ii) in a press release or marketing materials of the Issuer in connection with
the Transaction to the extent any such disclosure is substantially equivalent to the information that has previously been made
public without breach of the obligation under this Section 9(m) and (iii) to the extent such disclosure is required by law, at
the request of the Staff of the Commission or regulatory agency or under the regulations of the NYSE, in which case the Issuer
shall provide Subscriber with prior written notice of such disclosure permitted under this subclause (iii).

 

    21

     

    

 

n.
Modifications and Amendments. This Subscription Agreement may not be amended, modified, supplemented or waived (i) except
by an instrument in writing, signed by the party against whom enforcement of such amendment, modification, supplement or waiver
is sought and (ii) without the prior written consent of ChargePoint (not to be unreasonably withheld, conditioned or delayed); provided that
any rights (but not obligations) of a party under this Agreement may be waived, in whole or in part, by such party on its own
behalf without the prior consent of any other party.

 

o.
Remedies. The parties agree that irreparable damage would occur if any provision of this Subscription Agreement were not
performed in accordance with the terms hereof, and accordingly, that the parties hereto shall be entitled to seek an injunction
or injunctions to prevent breaches of this Subscription Agreement or to enforce specifically the performance of the terms and
provisions of this Subscription Agreement in an appropriate court of competent jurisdiction as set forth in Section 9(l),
in addition to any other remedy to which any party is entitled at law or in equity.

 

[Signature
pages follow.]

 

    22

     

    

 

IN
WITNESS WHEREOF, each of the Issuer, ChargePoint and Subscriber has executed or caused this Subscription Agreement to be executed
by its duly authorized representative as of the date first written above.

 

	 	SWITCHBACK
    ENERGY ACQUISITION CORPORATION
	 	 	 
	 	By:	         
	 	 	Name:
	 	 	Title:

 

Signature Page to

Subscription Agreement

 

     

     

    

 

	 	CHARGEPOINT,
    INC.
	 	 	 
	 	By:	         
	 	 	Name:
	 	 	Title:

 

Signature Page to

Subscription Agreement

 

     

     

    

 

	SUBSCRIBER:

         

        Name
        of Subscriber:

        

                                                                            

         

        Signature
        of Subscriber:

        
 

        By:                                                                    

Name:

Title:
	 
	 	 
	                                                                      

    Name in which securities are to be registered

    (if different):	 
	 	 
	Email
    Address:                                                                     	 
	Subscriber’s
    EIN: _______________	 
	Address:

                                                          

                                                                                                                             

         

                                                                            

        

        Attn: _______________________________
	 
	

         

        Telephone
        No.: __________________________
	 
	 	 
	Facsimile
    No.: __________________________	 
	 	 
	Aggregate
    Number of Acquired Shares subscribed for: _________	 
	 	 
	Aggregate
    Purchase Price: $_________

 

You
must pay the Purchase Price by wire transfer of United States dollars in immediately available funds to the account specified
by the Issuer in the Closing Notice.

 

Signature Page to 

Subscription
Agreement

 

     

     

    

 

SCHEDULE
A

ELIGIBILITY REPRESENTATIONS OF SUBSCRIBER

 

This
Schedule must be completed by Subscriber and forms a part of the Subscription Agreement to which it is attached. Capitalized terms
used and not otherwise defined in this Schedule have the meanings given to them in the Subscription Agreement. Subscriber must
check the applicable box in either Part A or Part B below and the applicable box in Part C below.

	A.	QUALIFIED
    INSTITUTIONAL BUYER STATUS

    (Please check the applicable subparagraphs):

 

	☐	Subscriber
    is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act (a “QIB”)).

 

	☐	Subscriber
    is subscribing for the Acquired Shares as a fiduciary or agent for one or more investor accounts, and each owner of such accounts
    is a QIB.

 

***
OR ***

 

	B.	INSTITUTIONAL
    ACCREDITED INVESTOR STATUS

    (Please check the applicable subparagraphs):

 

Subscriber
is an institutional “accredited investor” (within the meaning of Rule 501(a) under the Securities Act) and has checked
below the box(es) for the applicable provision under which Subscriber qualifies as such:

 

	☐	Subscriber
    is an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, a corporation, Massachusetts
    or similar business trust, or partnership that was not formed for the specific purpose of acquiring the securities of the
    Issuer being offered in this offering, with total assets in excess of $5,000,000.

 

	☐	Subscriber
    is a “private business development company” as defined in Section 202(a)(22) of the Investment Advisers Act of
    1940.

 

	☐	Subscriber
    is a “bank” as defined in Section 3(a)(2) of the Securities Act.

 

	☐	Subscriber
    is a “savings and loan association” or other institution as defined in Section 3(a)(5)(A) of the Securities Act,
    whether acting in its individual or fiduciary capacity.

 

	☐	Subscriber
    is a broker or dealer registered pursuant to Section 15 of the Exchange Act.

 

	☐	Subscriber
    is an “insurance company” as defined in Section 2(a)(13) of the Securities Act.

 

	☐	Subscriber
    is an investment company registered under the Investment Company Act of 1940.

 

	☐	Subscriber
    is a “business development company” as defined in Section 2(a)(48) of the Investment Company Act of 1940.

 

Schedule A-1

 

     

     

    

 

	☐	Subscriber
    is a “Small Business Investment Company” licensed by the U.S. Small Business Administration under either Section
    301(c) or (d) of the Small Business Investment Act of 1958.

 

	☐	Subscriber
    is a plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or
    its political subdivisions, for the benefit of its employees, and such plan has total assets in excess of $5,000,000.

 

	☐	Subscriber
    is an employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974 if the investment decision
    is made by a plan fiduciary, as defined in Section 3(21) of such act, which is one of the following.

 

☐A
bank;

 

☐A
savings and loan association;

 

☐A
insurance company; or

 

☐A
registered investment adviser.

 

	☐	Subscriber
    is an employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974 with total assets in
    excess of $5,000,000.

 

	☐	Subscriber
    is an employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974 that is a self-directed
    plan with investment decisions made solely by persons that are accredited investors.

 

	☐	Subscriber
    is a trust with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities offered
    by the Issuer in this offering, whose purchase is directed by a sophisticated person as described in Rule 506(b)(2)(ii) under
    the Securities Act.

 

***
AND ***

 

	C.	AFFILIATE
    STATUS

    (Please check the applicable box)

    

    SUBSCRIBER:

 

	☐	is:

 

	☐	is
    not:

    

    an “affiliate” (as defined in Rule 144 under the Securities Act) of the Issuer or acting on behalf of an affiliate
    of the Issuer.

 

Schedule A-2

 

     

     

    

 

SCHEDULE
B

SCHEDULE OF TRANSFERS

 

Subscriber’s
Subscription was in the amount of ____________ shares of Class A Shares. The following transfers of a portion of the Subscription
have been made:

 

	Date
    of Transfer or Reduction	Transferee	Number
    of Transferee Acquired Shares Transferred or Reduced	Subscriber
    Revised Subscription Amount
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

 

Schedule
B as of ______________, 20__, accepted and agreed to as of this ____ day of ____________, 20__ by:

 

	SWITCHBACK
    ENERGY ACQUISITION CORPORATION	 
	 	 	 
	By:	         	 
	 	Name:	 
	 	Title:	 

 

	

        Name
of Subscriber:

         

                                                                               

         

        Signature
of Subscriber:

 

	By:	         	 
	 	Name:	 
	 	Title:	 

 

 

Schedule B-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00314-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00314-of-00352.parquet"}]]