Document:

Exhibit 10.3

 

AMENDMENT TO

LETTER AGREEMENT

 

September 1,  2022

 

Reference is made to the Letter
Agreement (the “Letter Agreement”), dated as of June 17, 2021, by and between TCW Special Purpose Acquisition
Corp., a Delaware corporation (the “Company”) and the undersigned (the “Insider”).
Capitalized terms used in this Amendment to the Letter Agreement (the “Amendment”) not defined herein shall
have the meanings assigned to them in the Letter Agreement.

 

WHEREAS, the Company
has filed a Corrected Certificate of Second Amended and Restated Certificate of Incorporation to correct an inaccuracy in the description
of the period of time the Company has to complete its initial business combination;

 

WHEREAS, Section 2 of
the Letter Agreement similarly erroneously describes the period of time from the closing of the Company’s Public Offering in which
the Company has to complete its initial Business Combination as “24 months from the closing of the Public Offering”;

 

WHEREAS, the parties
to the Letter Agreement intended that such period be consistent with the Company’s Second Amended and Restated Certificate of Incorporation,
and therefore such period should be described as “24 months from the closing of the Public Offering (or 27 months from the closing
of the Public Offering if the Company has executed a letter of intent, agreement in principle or definitive agreement for an initial Business
Combination within 24 months from the closing of the Public Offering)”; and

 

WHEREAS, the Letter
Agreement provides that the correction of a typographical error in the Letter Agreement may be done without a signed writing of the parties
and the Letter Agreement may also be changed, amended, modified or waived by a written instrument executed by the parties to the Letter
Agreement.

 

NOW, THEREFORE, Section
2 of the Letter Agreement shall be amended accordingly, and each reference in the Letter Agreement to “24 months from the closing
of the Public Offering” is hereby corrected and amended to read as “24 months from the closing of the Public Offering (or
27 months from the closing of the Public Offering if the Company has executed a letter of intent, agreement in principle or definitive
agreement for an initial Business Combination within 24 months from the closing of the Public Offering).” The corrected form of
the Letter Agreement, as so amended, is attached hereto as Exhibit A.

 

The corrected form of the Letter
Agreement, as amended, attached hereto as Exhibit A constitutes the entire agreement and understanding of the parties hereto in respect
of the subject matter hereof and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written
or oral, including the Letter Agreement dated June 17, 2021.

 

Except as expressly set forth
above, this Amendment does not amend, modify or waive any of the terms of the Letter Agreement or any other documents referred to therein.
Each party represents and warrants that such party has full power and authority to enter into this Amendment and that this Amendment constitutes
a valid and binding obligation of such party enforceable against such party in accordance with its terms. This Amendment may be signed
in any number of counterparts (including by electronic transmission in .PDF or other equivalent formats or by facsimile or electronic
signature), each of which shall be an original with the same effect as if the signatures thereto and hereto were upon the same instrument.

 

     

     

    

 

IN WITNESS WHEREOF, each of the
undersigned has executed this Amendment to be effective as of the date first set forth above.

 

		/s/ David Rye
	 	Name: David Rye

 

Acknowledged and Agreed:

 

TCW SPECIAL PURPOSE ACQUISITION CORP.

 

	By:	/s/ Joseph R. Shaposhnik	 

		Name:	Joseph R. Shaposhnik	 

		Title:	Chief Executive Officer	 

 

[Signature Page to Amendment to the Letter Agreement]

 

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EXHIBIT A

 

 

 

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June 17, 2021

 

TCW Special Purpose Acquisition Corp.

865 S. Figueroa St., Suite 1800

Los Angeles, CA 90017

 

		Re:	Director Appointment

 

Ladies and Gentlemen:

 

This letter (this “Letter
Agreement”) is being delivered to you in connection with my appointment to the board of directors of TCW Special Purpose
Acquisition Corp., a Delaware corporation (the “Company”). Reference is made to the Company’s initial
public offering (the “Public Offering”) of 46,393,299 of the Company’s units (including 1,393,299 units
that were purchased to cover over-allotments) (the “Units”), each
comprised of one share of the Company’s Class A common stock, par value $0.0001 per share (“Class A Common Stock”),
and one-third of one redeemable warrant. Each whole warrant (a “Warrant”) entitles the holder thereof to purchase
one share of Class A Common Stock at a price of $11.50 per share, subject to adjustment as described in the Prospectus (as defined below).
The Units were sold in the Public Offering pursuant to registration statements on Form S-1 and a prospectus (the “Prospectus”)
filed by the Company with the U.S. Securities and Exchange Commission (the “Commission”) and are listed on the
New York Stock Exchange. Certain capitalized terms used herein are defined in paragraph 11 hereof.

 

For
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned (the “Insider”)
hereby agrees with the Company as follows:

 

1.   The
Insider agrees that if the Company seeks stockholder approval of a proposed Business Combination, then in connection with such proposed
Business Combination, the Insider shall (i) vote any shares of Common Stock (as defined below) owned by the Insider in favor of any proposed
Business Combination (including any proposals recommended by the Company’s board of directors in connection with such Business Combination)
and (ii) not redeem any shares of Common Stock owned by the Insider in connection with such stockholder approval. If the Company seeks
to consummate a proposed Business Combination by engaging in a tender offer, the Insider agrees that he or she will not sell or tender
any shares of Common Stock owned by the Insider in connection therewith.

 

2.   The
Insider hereby agrees that in the event that the Company fails to consummate a Business Combination within 24 months from the closing
of the Public Offering (or 27 months from the closing of the Public Offering if the Company has executed a letter of intent, agreement
in principle or definitive agreement for an initial Business Combination within 24 months from the closing of the Public Offering), or
such later period approved by the Company’s stockholders in accordance with the Company’s second amended and restated certificate
of incorporation (as it may be amended from time to time, the “Charter”), the Insider shall take all
reasonable steps to cause the Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably
possible but not more than ten business days thereafter, redeem 100% of the shares of Class A Common Stock sold as part of the Units in
the Public Offering (the “Offering Shares”), at a per-share price, payable in cash, equal to the aggregate
amount then on deposit in the Trust Account (as defined below), including interest earned on the funds held in the Trust Account and not
previously released to the Company to pay its taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number
of then outstanding Offering Shares, which redemption will completely extinguish all Public Stockholders’ (as defined below) rights
as stockholders (including the right to receive further liquidating distributions, if any), and (iii) as promptly as reasonably possible
following such redemption, subject to the approval of the Company’s remaining stockholders and the Company’s board of directors,
liquidate and dissolve, subject in each case to the Company’s obligations under Delaware law to provide for claims of creditors
and other requirements of applicable law. The Insider agrees to not propose any amendment to the Charter to modify the substance or timing
of the Company’s obligation to allow redemption in connection with the Company’s initial Business Combination or to redeem
100% of the Offering Shares if the Company does not complete a Business Combination within the required time period set forth in the Charter
or with respect to any other provision relating to stockholders’ rights or pre-initial Business Combination activity, unless the
Company provides its Public Stockholders with the opportunity to redeem their Offering Shares upon approval of any such amendment at a
per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the
funds held in the Trust Account and not previously released to the Company to pay its taxes, divided by the number of then outstanding
Offering Shares.

 

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The Insider acknowledges that
the Insider has no right, title, interest or claim of any kind in or to any monies held in the Trust Account or any other asset of the
Company as a result of any liquidation of the Company with respect to the Founder Shares held by the Insider. The Insider hereby further
waives, with respect to any shares of Common Stock held by the Insider, if any, any redemption rights the Insider may have in connection
with (A) the consummation of a Business Combination, including, without limitation, any such rights available in the context of a stockholder
vote to approve such Business Combination, or (B) a stockholder vote to approve an amendment to the Charter to modify the substance or
timing of the Company’s obligation to allow redemption in connection with the Company’s initial Business Combination or to
redeem 100% of the Offering Shares if the Company has not consummated a Business Combination within the time period set forth in the Charter
or with respect to any other provision relating to stockholders’ rights or pre-initial Business Combination activity or in the context
of a tender offer made by the Company to purchase Offering Shares (although the Insider and its affiliates shall be entitled to redemption
and liquidation rights with respect to any Offering Shares the Insider holds if the Company fails to consummate a Business Combination
within the time period set forth in the Charter).

 

3.   Notwithstanding
the provisions set forth in paragraphs 5(a) and 5(b), during the period commencing on the date hereof and ending 180 days after the date
of the Underwriting Agreement, the Insider shall not, without the prior written consent of Citigroup Global Markets Inc. and Barclays
Capital Inc. (the “Underwriters”), (i) sell, offer to sell, contract or agree to sell, hypothecate, pledge,
grant any option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, or establish or increase a put equivalent
position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934,
as amended (the “Exchange Act”), and the rules and regulations of the Commission promulgated thereunder,
with respect to, any Units, shares of Common Stock (including, but not limited to, Founder Shares), Warrants or any securities convertible
into, or exercisable, or exchangeable for, shares of Common Stock owned by the Insider, (ii) enter into any swap or other arrangement
that transfers to another, in whole or in part, any of the economic consequences of ownership of any Units, shares of Common Stock (including,
but not limited to, Founder Shares), Warrants or any securities convertible into, or exercisable, or exchangeable for, shares of Common
Stock owned by the Insider, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (iii)
publicly announce any intention to effect any transaction specified in clause (i) or (ii); provided, however, all of the foregoing does
not apply to the forfeiture of any Founder Shares pursuant to their terms or any transfer of Founder Shares to any current or future independent
director of the company (as long as such current or future independent director transferee is subject to this Letter Agreement or executes
an agreement substantially identical to the terms of this Letter Agreement, as applicable to directors and officers at the time of such
transfer; and as long as, to the extent any Section 16 reporting obligation is triggered as a result of such transfer, any related Section
16 filing includes a practical explanation as to the nature of the transfer). The Insider acknowledges and agrees that, prior to the effective
date of any release or waiver of the restrictions set forth in this paragraph 3 or paragraph 5 below, the Company may announce the impending
release or waiver by press release through a major news service at least two business days before the effective date of the release or
waiver. The provisions of this paragraph will not apply if the release or waiver is effected solely to permit a transfer not for consideration
and the transferee has agreed in writing to be bound by the same terms described in this Letter Agreement to the extent and for the duration
that such terms remain in effect at the time of the transfer.

 

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4.   The
Insider hereby agrees and acknowledges that: (i) the Underwriters and the Company would be irreparably injured in the event of a breach
by such an Insider of his or her obligations under paragraphs 1, 2, 3, 5(a), 5(b) and 7, as applicable, of this Letter Agreement (ii)
monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief,
in addition to any other remedy that such party may have in law or in equity, in the event of such breach.

 

5.   (a)
The Insider agrees that the Insider shall not Transfer any Founder Shares (or any shares of Class A Common Stock issuable upon conversion
thereof) until the earlier of (A) one year after the completion of the Company’s initial Business Combination and (B) subsequent
to the Business Combination, (x) if the closing price of the Class A Common Stock equals or exceeds $12.00 per share (as adjusted for
stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period
commencing at least 150 days after the completion of the Company’s initial Business Combination or (y) the date on which the Company
completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the Company’s
stockholders having the right to exchange their shares of Class A Common Stock for cash, securities or other property (the “Founder
Shares Lock-up Period”).

 

(b)   The
Insider agrees that the Insider shall not Transfer any Private Placement Warrants (or any share of Class A Common Stock issued or issuable
upon the exercise of the Private Placement Warrants), until 30 days after the completion of the Company’s initial Business Combination
(the “Private Placement Warrants Lock-up Period”, together with the Founder Shares Lock-up Period, the “Lock-up
Periods”).

 

(c)   Notwithstanding
the provisions set forth in paragraphs 5(a) and (b), Transfers of the Founder Shares, Private Placement Warrants and shares of Class A
Common Stock issued or issuable upon the exercise or conversion of the Private Placement Warrants or the Founder Shares that are held
by the Insider or any of the Insider’s permitted transferees (that have complied with this paragraph 7(c)), are permitted (a) to
the Company’s officers or directors, any affiliates or family members of any of the Company’s officers or directors, any members
or partners of the Sponsor or their affiliates (including members of TCW Special Purpose Sponsor LLC, a Delaware limited liability company
(the “Sponsor”)), any affiliates of the Sponsor, or any employees of such affiliates; (b) in the case of an
individual, by gift to a member of such person’s immediate family or to a trust, the beneficiary of which is a member of such person’s
immediate family, an affiliate of such person or to a charitable organization; (c) in the case of an individual, by virtue of laws of
descent and distribution upon death of such person; (d) in the case of an individual, pursuant to a qualified domestic relations order;
(e) by private sales or transfers made in connection with the consummation of an initial Business Combination at prices no greater than
the price at which the securities were originally purchased; (f) by virtue of the laws of the State of Delaware or the Sponsor’s
organizational documents upon liquidation or dissolution of the Sponsor; (g) to the Company for no value for cancellation in connection
with the consummation of an initial Business Combination; (h) in the event of the Company’s liquidation prior to its consummation
of an initial Business Combination; or (i) in the event of the Company’s completion of a liquidation, merger, capital stock exchange
or other similar transaction which results in all of the Company’s stockholders having the right to exchange their shares of Class
A Common Stock for cash, securities or other property subsequent to the Company’s completion of an initial Business Combination;
provided, however, that in the case of clauses (a) through (f), these permitted transferees must enter into a written agreement
with the Company agreeing to be bound by the transfer restrictions herein and the other restrictions contained in this Agreement (including
provisions relating to voting, the Trust Account and liquidating distributions).

 

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6.   The
Insider represents and warrants that the Insider has never been suspended or expelled from membership in any securities or commodities
exchange or association or had a securities or commodities license or registration denied, suspended or revoked. The Insider’s biographical
information furnished to the Company is true and accurate in all material respects and does not omit any material information with respect
to the Insider’s background. The Insider represents and warrants that the questionnaire the Insider furnished to the Company is
true and accurate in all material respects. The Insider represents and warrants that: the Insider is not subject to or a respondent in
any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating
to the offering of securities in any jurisdiction; the Insider has never been convicted of, or pleaded guilty to, any crime (i) involving
fraud, (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities
and the Insider is not currently a defendant in any such criminal proceeding.

 

7.   Except
as disclosed in the Prospectus, the Insider shall not receive from the Company any finder’s fee, reimbursement, consulting fee,
non-cash payments, monies in respect of any repayment of a loan or other compensation prior to, or in connection with any services rendered
in order to effectuate, the consummation of the Company’s initial Business Combination (regardless of the type of transaction that
it is), other than the following, none of which will be made from the proceeds held in the Trust Account prior to the completion of the
initial Business Combination: reimbursement for any out-of-pocket expenses related to identifying, investigating, negotiating and completing
an initial Business Combination; and repayment of loans, if any, and on such terms as to be determined by the Company from time to time,
made by the Insider or an affiliate of the Insider to finance transaction costs in connection with an intended initial Business Combination,
provided, that, if the Company does not consummate an initial Business Combination, a portion of the working capital held outside the
Trust Account may be used by the Company to repay such loaned amounts so long as no proceeds from the Trust Account are used for such
repayment. Up to $2,000,000 of such loans may be convertible into warrants of the post Business Combination entity at a price of $1.50
per warrant at the option of the lender. Such warrants would be identical to the Private Placement Warrants, including as to exercise
price, exercisability and exercise period.

 

8.   The
Insider has full right and power, without violating any agreement to which it is bound (including, without limitation, any non-competition
or non-solicitation agreement with any employer or former employer), to enter into this Letter Agreement and, as applicable, to serve
as an officer and/or director on the board of directors of the Company and hereby consents to being named in the public filings of the
Company as a director of the Company.

 

9.   As
used herein, (i) “Business Combination” shall mean a merger, capital stock exchange, asset acquisition, stock
purchase, reorganization or similar business combination, involving the Company and one or more businesses; (ii) “Common Stock”
shall mean the Class A Common Stock and Class B common stock, par value $0.0001 per share, of the Company (“Class B Common
Stock”); (iii) “Founder Shares” shall mean the shares of Class B Common Stock issued and outstanding;
(iv) “Private Placement Warrants” shall mean the 7,519,107 warrants that the Sponsor has purchased for an aggregate
purchase price of $11,278,661, or $1.50 per warrant, in a private placement that occurred simultaneously with the consummation of the
Public Offering (with respect to 7,333,333 warrants) and the closing of the Underwriters’ partial exercise of their over-allotment
option (with respect to 185,774 warrants); (v) “Public Stockholders” shall mean the holders of securities issued
in the Public Offering; (vi) “Trust Account” shall mean the trust fund into which a portion of the net proceeds
of the Public Offering and the sale of the Private Placement Warrants were deposited; and (vii) “Transfer” shall
mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise
dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation
with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act, and the rules and regulations
of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to
another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled
by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified
in clause (a) or (b).

 

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10.   The
Company will maintain an insurance policy or policies providing directors’ and officers’ liability insurance, and each director
and officer shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage
available for any of the Company’s directors or officers.

 

11.   This
Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and
supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they
relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended,
modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed
by the parties hereto.

 

12.   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 party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate
to transfer or assign any interest or title to the purported assignee. This Letter Agreement shall be binding on the Insider and the Insider’s
respective successors, heirs and assigns and permitted transferees.

 

13.   Nothing
in this Letter Agreement shall be construed to confer upon, or give to, any person or corporation other than the parties hereto any right,
remedy or claim under or by reason of this Letter Agreement or of any covenant, condition, stipulation, promise or agreement hereof. All
covenants, conditions, stipulations, promises and agreements contained in this Letter Agreement shall be for the sole and exclusive benefit
of the parties hereto and their successors, heirs, personal representatives and assigns and permitted transferees.

 

14.   This
Letter Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts shall for all purposes
be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

15.   This
Letter Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the
validity or enforceability of this Letter Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid
or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Letter Agreement a provision
as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

16.   This
Letter Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York. The parties hereto
(i) all agree that any action, proceeding, claim or dispute arising out of, or relating in any way to, this Letter Agreement shall be
brought and enforced in the courts of New York City, in the State of New York, and irrevocably submit to such jurisdiction and venue,
which jurisdiction and venue shall be exclusive and (ii) waive any objection to such exclusive jurisdiction and venue or that such courts
represent an inconvenient forum.

 

17.   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 by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or
facsimile or other electronic transmission.

 

18.   This
Letter Agreement shall terminate on the earlier of (i) the expiration of the Lock-up Periods or (ii) the liquidation of the Company.

 

[Signature Page Follows]

 

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	 	Sincerely,
	 	 	 
	 	 
	 	Name: 	David Rye

 

	Acknowledged and Agreed:	 
	TCW SPECIAL PURPOSE ACQUISITION CORP.
	 
	By:	 	 
	 	Name: 	Joseph R. Shaposhnik	 
	 	Title:	Chief Executive Officer	

 

[Signature Page to Letter Agreement]

 

 

9Exhibit 10.4

 

AMENDMENT TO

INVESTMENT MANAGEMENT TRUST AGREEMENT

 

September 1, 2022

 

Reference is made to the Investment
Management Trust Agreement (the “IMTA”), dated as of March 1, 2021, by and among TCW Special Purpose Acquisition
Corp., a Delaware corporation (the “Company”) and Continental Stock Transfer & Trust Company, a New York
corporation. Capitalized terms used in this Amendment to the Investment Management Trust Agreement (the “Amendment”)
not defined herein shall have the meanings assigned to them in the IMTA.

 

WHEREAS, the Company has filed
a Corrected Certificate of Second Amended and Restated Certificate of Incorporation to correct an inaccuracy in the description of the
period of time the Company has to complete its initial business combination;

 

WHEREAS, the IMTA similarly
contains a typographical error that describes the period of time from the closing of the Company’s Offering in which the Company
has to complete its initial Business Combination as “24 months from the closing of the Offering” in Section 1(i) of the IMTA
and a footnote to Exhibit B to the IMTA;

 

WHEREAS, the parties to the
IMTA intended that such period be consistent with the Company’s Second Amended and Restated Certificate of Incorporation, and therefore
such period should be described as “24 months from the closing of the Offering (or 27 months from the closing of the Offering if
the Company has executed a letter of intent, agreement in principle or definitive agreement for an initial Business Combination within
24 months from the closing of the Offering)”; and

 

WHEREAS, Section 6(c) of the
IMTA provides that the IMTA may be changed, amended or modified to correct a typographical error without a signed writing of both parties.

 

NOW, THEREFORE, the IMTA shall be amended accordingly.

 

Each reference in the IMTA to “24
months from the closing of the Offering” is hereby corrected and amended to read as “24 months from the closing of the Offering
(or 27 months from the closing of the Offering if the Company has executed a letter of intent, agreement in principle or definitive agreement
for an initial Business Combination within 24 months from the closing of the Offering)”. The corrected form of the IMTA reflecting
such amendments is attached hereto as Exhibit A.

 

Except as expressly set forth above,
this Amendment does not amend, modify or waive any of the terms of the IMTA or any other documents referred to therein. The Company represents
and warrants that it has full power and authority to enter into this Amendment and that this Amendment constitutes a valid and binding
obligation of such party enforceable against such party in accordance with its terms.

 

     

     

    

 

IN WITNESS WHEREOF, the Company
has duly executed this Amendment as of the date first written above.

 

	 	TCW SPECIAL PURPOSE ACQUISITION CORP.
	 	 	 
	 	By:	/s/ Joseph R. Shaposhnik
	 	 	Name:	Joseph R. Shaposhnik
	 	 	Title:	Chief Executive Officer

 

[Signature Page to Amendment to the Investment Management
Trust Agreement]

 

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EXHIBIT A

 

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INVESTMENT MANAGEMENT TRUST AGREEMENT

 

This Investment
Management Trust Agreement (this “Agreement”) is made effective as of March 1, 2021 by and between TCW Special
Purpose Acquisition Corp., a Delaware corporation (the “Company”), and Continental Stock Transfer & Trust
Company, a New York corporation (the “Trustee”).

 

WHEREAS, the
Company’s registration statements on Form S-1, File Nos. 333-252775 and 333- 253766 (together, the “Registration Statement”)
and a prospectus (the “Prospectus”) for the initial public offering (the “Offering”)
of the Company’s units (the “Units”), each of which consists of one share of the Company’s Class
A common stock, par value $0.0001 per share (“Common Stock”), and one-third of one redeemable warrant, each
whole warrant entitling the holder thereof to purchase one share of Common Stock, has been declared effective as of the date hereof by
the U.S. Securities and Exchange Commission; and

 

WHEREAS, the
Company has entered into an Underwriting Agreement (the “Underwriting Agreement”) with Citigroup Global Markets
Inc. and Barclays Capital Inc., as Representatives (the “Representatives”) of the several underwriters named
therein (the “Underwriters”); and

 

WHEREAS, as described
in the Prospectus, $450,000,000 of the net proceeds of the Offering and sale of the Private Placement Warrants (as defined in the Underwriting
Agreement) (or up to $517,500,000 if the Underwriters’ over-allotment option is exercised in full) will be, after deducting $9,000,000
in underwriting discounts and commissions payable upon the closing of this offering (or up to $10,350,000 if the Underwriters’ over-allotment
option is exercised in full) and an aggregate of $2,000,000 to pay fees and expenses in connection with the closing of this offering and
for working capital following the closing of this Offering, delivered to the Trustee to be deposited and held in a segregated trust account
located at all times in the United States (the “Trust Account”) for the benefit of the Company and the holders
of the Common Stock included in the Units issued in the Offering as hereinafter provided (the amount to be delivered to the Trustee (and
any interest subsequently earned thereon) is referred to herein as the “Property,” the stockholders for whose
benefit the Trustee shall hold the Property will be referred to as the “Public Stockholders,” and the Public
Stockholders and the Company will be referred to together as the “Beneficiaries”); and

 

WHEREAS, pursuant to the Underwriting
Agreement, a portion of the Property equal to $15,750,000 or $18,112,500 if the Underwriters’ over-allotment option is
exercised in full, is attributable to deferred underwriting discounts and commissions that will be payable by the Company to the
Underwriters upon and concurrently with the consummation of the Business Combination (as defined below) (the “Deferred
Discount”); and

 

WHEREAS, the
Company and the Trustee desire to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall
hold the Property.

 

NOW THEREFORE, IT IS AGREED:

 

	1.	Agreements and Covenants of Trustee. The Trustee hereby agrees and covenants to:

 

(a) Hold the Property in
trust for the Beneficiaries in accordance with the terms of this Agreement in the Trust Account established by the Trustee in the
United States at J.P. Morgan Chase Bank, N.A. (or at another U.S. chartered commercial bank with consolidated assets of $100 billion
or more), maintained by the Trustee and at a brokerage institution selected by the Trustee that is reasonably satisfactory to the
Company;

 

(b)   Manage,
supervise and administer the Trust Account subject to the terms and conditions set forth herein;

 

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(c)   In
a timely manner, upon the written instruction of the Company, invest and reinvest the Property solely in United States government securities
within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended, having a maturity of 185 days or less, or in
money market funds meeting the conditions of paragraphs (d)(1), (d)(2), (d)(3) and (d)(4) of Rule 2a-7 promulgated under the Investment
Company Act of 1940, as amended (or any successor rule), which invest only in direct U.S. government treasury obligations, as determined
by the Company; it being understood that the Trust Account will earn no interest while account funds are uninvested awaiting the Company’s
instructions hereunder and the Trustee may earn bank credits or other consideration;

 

(d)   Collect
and receive, when due, all interest or other income arising from the Property, which shall become part of the “Property,”
as such term is used herein;

 

(e)   Promptly
notify the Company and the Representatives of all communications received by the Trustee with respect to any Property requiring action
by the Company;

 

(f)   Supply
any necessary information or documents as may be requested by the Company (or its authorized agents) in connection with the Company’s
preparation of the tax returns relating to assets held in the Trust Account or in connection with the preparation or completion of the
audit of the Company’s financial statements by the Company’s auditors;

 

(g)   Participate
in any plan or proceeding for protecting or enforcing any right or interest arising from the Property if, as and when instructed by the
Company to do so;

 

(h)   Render
to the Company monthly written statements of the activities of, and amounts in, the Trust Account reflecting all receipts and disbursements
of the Trust Account;

 

(i)   Commence
liquidation of the Trust Account only after and promptly after (x) receipt of, and only in accordance with, the terms of a letter from
the Company (“Termination Letter”) in a form substantially similar to that attached hereto as either Exhibit
A or Exhibit B, as applicable, signed on behalf of the Company by its Chief Executive Officer, Chief Financial Officer, President,
Executive Vice President, Vice President, Secretary or Chairman or Co-Chairman of the board of directors of the Company (the “Board”)
or other authorized officer of the Company, and complete the liquidation of the Trust Account and distribute the Property in the Trust
Account, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay its taxes
(less up to $100,000 of interest to pay dissolution expenses), only as directed in the Termination Letter and the other documents referred
to therein, or (y) upon the date which is, the later of (1) 24 months from the closing of the Offering (or 27 months from the closing
of the Offering if the Company has executed a letter of intent, agreement in principle or definitive agreement for an initial Business
Combination within 24 months from the closing of the Offering) and (2) such later date as may be approved by the Company’s stockholders
in accordance with the Company’s second amended and restated certificate of incorporation, as amended from time to time, if a Termination
Letter has not been received by the Trustee prior to such date, in which case the Trust Account shall be liquidated in accordance with
the procedures set forth in the Termination Letter attached as Exhibit B and the Property in the Trust Account, including interest
earned on the funds held in the Trust Account and not previously released to the Company to pay its taxes (less up to $100,000 of interest
to pay dissolution expenses), shall be distributed to the Public Stockholders of record as of such date;

 

    5

     

    

 

(j) Upon written request
from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit C
(a “Tax Payment Withdrawal Instruction”), withdraw from the Trust Account and distribute to the Company
the amount of interest earned on the Property requested by the Company to cover any tax obligation owed by the Company as a result
of assets of the Company or interest or other income earned on the Property, which amount shall be delivered directly to the Company
by electronic funds transfer or other method of prompt payment, and the Company shall forward such payment to the relevant taxing
authority, so long as there is no reduction in the principal amount per share initially deposited in the Trust Account; provided, however,
that to the extent there is not sufficient cash in the Trust Account to pay such tax obligation, the Trustee shall liquidate such
assets held in the Trust Account as shall be designated by the Company in writing to make such distribution (it being acknowledged
and agreed that any such amount in excess of interest income earned on the Property shall not be payable from the Trust Account).
The written request of the Company referenced above shall constitute presumptive evidence that the Company is entitled to said
funds, and the Trustee shall have no responsibility to look beyond said request;

 

(k)   Upon
written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit
D (a “Stockholder Redemption Withdrawal Instruction”), the Trustee shall distribute to or on behalf of the
Company the amount requested by the Company to be used to redeem shares of Common Stock from Public Stockholders properly submitted in
connection with a stockholder vote to approve an amendment to the Company’s second amended and restated certificate of incorporation
to modify the substance or timing of the Company’s obligation to allow redemptions in connection with its initial Business Combination
or to redeem 100% of the Company’s shares of Common Stock included in the Units sold in the Offering (the “public
shares”) if the Company has not consummated an initial Business Combination within such time period as is described in the
Company’s second amended and restated certificate of incorporation or with respect to any other provision relating to stockholders’
rights or pre-initial Business Combination activity. The written request of the Company referenced above shall constitute presumptive
evidence that the Company is entitled to distribute said funds, and the Trustee shall have no responsibility to look beyond said request;
and

 

(l)   Not
make any withdrawals or distributions from the Trust Account other than pursuant to Section 1(i), (j) or (k) above.

 

	2.	Agreements and Covenants of the Company. The Company hereby agrees and covenants to:

 

(a)   Give
all instructions to the Trustee hereunder in writing, signed by the Company’s Chairman or a Co-Chairman of the Board, Chief Executive
Officer, Chief Financial Officer, President, Executive Vice President, Vice President or Secretary. In addition, except with respect to
its duties under Sections 1(i), 1(j) and 1(k) hereof, the Trustee shall be entitled to rely on, and shall be protected
in relying on, any verbal or telephonic advice or instruction which it, in good faith and with reasonable care, believes to be given by
any one of the persons authorized above to give written instructions, provided that the Company shall promptly confirm such instructions
in writing;

 

(b)   Subject
to Section 4 hereof, hold the Trustee harmless and indemnify the Trustee from and against any and all reasonable and documented
out-of-pocket expenses, including reasonable counsel fees and disbursements, or losses suffered by the Trustee in connection with any
action taken by it hereunder and in connection with any action, suit or other proceeding brought against the Trustee involving any claim,
or in connection with any claim or demand, which in any way arises out of or relates to this Agreement, the services of the Trustee hereunder,
or the Property or any interest earned on the Property, except for expenses and losses resulting from the Trustee’s gross negligence,
fraud or willful misconduct. Promptly after the receipt by the Trustee of notice of demand or claim or the commencement of any action,
suit or proceeding, pursuant to which the Trustee intends to seek indemnification under this Section 2(b), it shall notify the
Company in writing of such claim (hereinafter referred to as the “Indemnified Claim”). The Trustee shall
have the right to conduct and manage the defense against such Indemnified Claim; provided that the Trustee shall obtain the consent
of the Company with respect to the selection of counsel, which consent shall not be unreasonably withheld. The Trustee may not agree to
settle any Indemnified Claim without the prior written consent of the Company, which such consent shall not be unreasonably withheld.
The Company may participate in such action with its own counsel;

 

    6

     

    

 

(c)   Pay
the Trustee the fees set forth on Schedule A hereto, including an initial acceptance fee, annual administration fee, and transaction
processing fee which fees shall be subject to modification by the parties from time to time. It is expressly understood that the Property
shall not be used to pay such fees unless and until it is distributed to the Company pursuant to Sections 1(i) through 1(j)
hereof. The Company shall pay the Trustee the initial acceptance fee and the first annual administration fee at the consummation of the
Offering. The Company shall not be responsible for any other fees or charges of the Trustee except as set forth in this Section 2(c),
Schedule A and as may be provided in Section 2(b) hereof;

 

(d)   In
connection with any vote of the Company’s stockholders regarding a merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination involving the Company and one or more businesses (the “Business Combination”),
provide to the Trustee an affidavit or certificate of the inspector of elections for the stockholder meeting verifying the vote of such
stockholders regarding such Business Combination;

 

(e)   Provide
the Representatives with a copy of any Termination Letter(s) and/or any other correspondence that is sent to the Trustee with respect
to any proposed withdrawal from the Trust Account promptly after it issues the same;

 

(f)   Unless
otherwise agreed between the Company and the Underwriters, ensure that any Instruction Letter (as defined in Exhibit A) delivered
in connection with a Termination Letter in the form of Exhibit A expressly provides that the Deferred Discount is paid directly
to the account or accounts directed by the Representatives; and

 

(g)   Instruct
the Trustee to make only those distributions that are permitted under this Agreement, and refrain from instructing the Trustee to make
any distributions that are not permitted under this Agreement.

 

 (h)

 

	3.	Limitations of Liability. The Trustee shall have no responsibility or liability to:

 

(a)   Imply
obligations, perform duties, inquire or otherwise be subject to the provisions of any agreement or document other than this Agreement
and that which is expressly set forth herein;

 

(b)   Take
any action with respect to the Property, other than as directed in Section 1 hereof, and the Trustee shall have no liability to
any third party except for liability arising out of the Trustee’s gross negligence, fraud or willful misconduct;

 

(c)   Institute
any proceeding for the collection of any principal and income arising from, or institute, appear in or defend any proceeding of any kind
with respect to, any of the Property unless and until it shall have received instructions from the Company given as provided herein to
do so and the Company shall have advanced or guaranteed to it funds sufficient to pay any expenses incident thereto;

 

 (d) Refund any depreciation in principal of any Property;

 

(e)   Assume
that the authority of any person designated by the Company to give instructions hereunder shall not be continuing unless provided otherwise
in such designation, or unless the Company shall have delivered a written revocation of such authority to the Trustee;

 

    7

     

    

 

(f) The other parties
hereto or to anyone else for any action taken or omitted by it, or any action suffered by it to be taken or omitted, in good faith
and in the Trustee’s best judgment, except for the Trustee’s gross negligence, fraud or willful misconduct. The Trustee
may rely conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion or advice of counsel
(including counsel chosen by the Trustee, which counsel may be the Company’s counsel), statement, instrument, report or other
paper or document (not only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth
and acceptability of any information therein contained) which the Trustee believes, in good faith and with reasonable care, to be
genuine and to be signed or presented by the proper person or persons. The Trustee shall not be bound by any notice or demand, or
any waiver, modification, termination or rescission of this Agreement or any of the terms hereof, unless evidenced by a written
instrument delivered to the Trustee, signed by the proper party or parties and, if the duties or rights of the Trustee are affected,
unless it shall give its prior written consent thereto;

 

 (g) Verify the accuracy of the information contained in the Registration Statement;

 

(h)   Provide
any assurance that any Business Combination entered into by the Company or any other action taken by the Company is as contemplated by
the Registration Statement;

 

(i)   File
information returns with respect to the Trust Account with any local, state or federal taxing authority or provide periodic written statements
to the Company documenting the taxes payable by the Company, if any, relating to any interest income earned on the Property;

 

(j)   Prepare,
execute and file tax reports, income or other tax returns and pay any taxes with respect to any income generated by, and activities relating
to, the Trust Account, regardless of whether such tax is payable by the Trust Account or the Company, including, but not limited to, tax
obligations, except pursuant to Section 1(j) hereof; or

 

(k)   Verify
calculations, qualify or otherwise approve the Company’s written requests for distributions pursuant to Sections 1(i), 1(j)
or 1(k) hereof.

 

4.   Trust
Account Waiver. The Trustee has no right of set-off or any right, title, interest or claim of any kind (“Claim”)
to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it
may have now or in the future. In the event the Trustee has any Claim against the Company under this Agreement, including, without limitation,
under Section 2(b) or Section 2(c) hereof, the Trustee shall pursue such Claim solely against the Company and its assets
outside the Trust Account and not against the Property or any monies in the Trust Account.

 

	5.	Termination. This Agreement shall terminate as follows:

 

(a)   If
the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company shall use its reasonable efforts
to locate a successor trustee, pending which the Trustee shall continue to act in accordance with this Agreement. At such time that the
Company notifies the Trustee that a successor trustee has been appointed and has agreed to become subject to the terms of this Agreement
(whether following the Trustee giving notice that it desires to resign under this Agreement or the Company otherwise electing to replace
the Trustee under this Agreement), the Trustee shall transfer the management of the Trust Account to the successor trustee, including
but not limited to the transfer of copies of the reports and statements relating to the Trust Account, whereupon this Agreement shall
terminate; provided, however, that in the event that the Company does not locate a successor trustee within ninety (90)
days of receipt of the resignation notice from the Trustee, the Trustee may submit an application to have the Property deposited with
any court in the State of New York or with the United States District Court for the Southern District of New York and upon such deposit,
the Trustee shall be immune from any liability whatsoever;

 

(b)   At
such time that the Trustee has completed the liquidation of the Trust Account and its obligations in accordance with the provisions of
Section 1(i) hereof and distributed the Property in accordance with the provisions of the Termination Letter, this Agreement shall
terminate except with respect to Section 2(b); or

 

    8

     

    

 

(c)   If
the Offering is not consummated within ten business days of the date of this Agreement, in which case any funds received by the Trustee
from the Company or TCW Special Purpose Sponsor LLC, as applicable, shall be returned promptly following the receipt by the Trustee of
written instructions from the Company.

 

	6.	Miscellaneous.

 

(a)   The
Company and the Trustee each acknowledge that the Trustee will follow the security procedures set forth below with respect to funds transferred
from the Trust Account. The Company and the Trustee will each restrict access to confidential information relating to such security procedures
to authorized persons. Each party must notify the other party immediately if it has reason to believe unauthorized persons may have obtained
access to such confidential information, or of any change in its authorized personnel. In executing funds transfers, the Trustee shall
rely upon all information supplied to it by the Company, including, account names, account numbers, and all other identifying information
relating to a Beneficiary, Beneficiary’s bank or intermediary bank. Except for any liability arising out of the Trustee’s
gross negligence, fraud or willful misconduct, the Trustee shall not be liable for any loss, liability or out-of-pocket expense resulting
from any error in the information or transmission of the funds.

 

(b)   This
Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York. This Agreement may be
executed in several original or facsimile counterparts, each one of which shall constitute an original, and together shall constitute
but one instrument.

 

(c)   This
Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject matter hereof. Subject to
Section 6(d) hereof, this Agreement or any provision hereof may only be changed, amended or modified (other than to correct a typographical
error) by a writing signed by each of the parties hereto.

 

(d)   This
Agreement or any provision hereof may only be changed, amended or modified pursuant to Section 6(c) hereof with the Consent of
the Stockholders. For purposes of this Section 6(d), the “Consent of the Stockholders” means receipt by the Trustee
of a certificate from the inspector of elections of the stockholder meeting certifying that the Company’s stockholders of record
as of a record date established in accordance with Section 213(a) of the Delaware General Corporation Law, as amended (“DGCL”)
(or any successor rule), who hold sixty-five percent (65%) or more of all then outstanding shares of the Common Stock and Class B common
stock, par value $0.0001 per share, of the Company voting together as a single class, have voted in favor of such change, amendment or
modification. No such amendment will affect any Public Stockholder who has otherwise indicated his election to redeem his shares of Common
Stock in connection with a stockholder vote sought to amend this Agreement or the second amended and restated certificate of incorporation
to modify the substance or timing of the Company’s obligation to allow redemption in connection with its initial Business Combination
or to redeem 100% of the Common Stock if the Company does not complete its initial Business Combination within the time frame specified
in the Company’s second amended and restated certificate of incorporation or with respect to any other provision relating to stockholders’
rights or pre-initial Business Combination activity. Except for any liability arising out of the Trustee’s gross negligence, fraud
or willful misconduct, the Trustee may rely conclusively on the certification from the inspector or elections referenced above and shall
be relieved of all liability to any party for executing the proposed amendment in reliance thereon.

 

(e)   The
parties hereto consent to the jurisdiction and venue of any state or federal court located in the City of New York, State of New York,
for purposes of resolving any disputes hereunder. AS TO ANY CLAIM, CROSS-CLAIM OR COUNTERCLAIM IN ANY WAY RELATING TO THIS AGREEMENT,
EACH PARTY WAIVES THE RIGHT TO TRIAL BY JURY.

 

    9

     

    

 

(f)   Any
notice, consent or request to be given in connection with any of the terms or provisions of this Agreement shall be in writing and shall
be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or by electronic
mail:

 

if to the Trustee, to:

 

Continental Stock Transfer & Trust Company

1 State
Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf and Celeste
Gonzalez

Email: fwolf@continentalstock.com

Email: cgonzalez@continentalstock.com

 

if to the Company, to:

 

TCW Special Purpose Acquisition Corp.

865 S. Figueroa
St., Suite 1800

Los Angeles, CA 90017

Attn: Joseph Shaposhnik

Email: Joseph.Shaposhnik@tcw.com

 

in each case, with copies to:

 

Skadden, Arps, Slate, Meagher & Flom LLP

525 University
Avenue, Suite 1400

Palo Alto, California 94301

Attn.: Michael Mies

Email: michael.mies@skadden.com

 

and

 

Citigroup Global Markets Inc.

338 Greenwich Street

New York, New York, 10013

Attention: General Counsel

Fax: (646) 291-1496

 

and

 

Barclays Capital Inc.

745 Seventh Avenue

New York, New York 10019

Attention: Syndicate Registration

Fax: (646) 834-8133

 

and

 

Ropes & Gray LLP

1211 Avenue of the Americas

New York, New York 10036

Attention: Paul D. Tropp and Michael S. Pilo

 

    10

     

    

 

(g)   This
Agreement may not be assigned by the Trustee without the prior consent of the Company.

 

(h)   Each
of the Company and the Trustee hereby represents that it has the full right and power and has been duly authorized to enter into this
Agreement and to perform its respective obligations as contemplated hereunder. The Trustee acknowledges and agrees that it shall not make
any claims or proceed against the Trust Account, including by way of set-off, and shall not be entitled to any funds in the Trust Account
under any circumstance.

 

(i)   This
Agreement is the joint product of the Trustee and the Company and each provision hereof has been subject to the mutual consultation, negotiation
and agreement of such parties and shall not be construed for or against any party hereto.

 

(j)   This
Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts shall
together constitute one and the same instrument. Delivery of a signed counterpart of this Agreement by facsimile or electronic transmission
shall constitute valid and sufficient delivery thereof.

 

(k)   Each
of the Company and the Trustee hereby acknowledges and agrees that the Representatives, on behalf of the Underwriters, is a third-party
beneficiary of this Agreement.

 

(l)   Except
as specified herein, no party to this Agreement may assign its rights or delegate its obligations hereunder to any other person or entity.

 

[Signature Page Follows]

 

    11

     

    

 

IN WITNESS WHEREOF, the parties
have duly executed this Investment Management Trust Agreement as of the date first written above.

 

	 	CONTINENTAL STOCK TRANSFER &
	 	TRUST COMPANY, as Trustee
	 	 	 
	 	By:	 
	 	 	Name:	Francis Wolf
	 	 	Title:	Vice President
	 	 	 
	 	TCW SPECIAL PURPOSE ACQUISITION CORP.
	 	 	 
	 	By:	 
	 	 	Name: 	Joseph R. Shaposhnik
	 	 	Title:	Chief Executive Officer

 

[Signature Page to Investment Management Trust
Agreement]

 

    12

     

    

 

SCHEDULE A

 

	Fee Item	 	Time and method of payment	 	Amount	 
	Initial set-up fee	 	Initial closing of Offering by wire transfer.	 	$	3,500.00	 
	 	 	 	 	 	 	 
	Trustee administration fee	 	Payable annually. First year fee payable, at initial closing of Offering by wire transfer, thereafter by wire transfer or check.	 	$	10,000.00	 
	 	 	 	 	 	 	 
	Transaction processing fee for disbursements to Company under Sections 1 and 2	 	Billed to Company following disbursement made to Company under Sections 1 and 2.	 	$	250.00	 
	 	 	 	 	 	 	 
	Paying Agent services as required pursuant to Sections 1(i) and
                                 1(k)
	 	Billed to Company upon delivery of service pursuant to Sections 1(i) and 1(k).	 	 	Prevailing rates
	 

 

    13

     

    

 

EXHIBIT A

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State
Street, 30th Floor

New York, New York 10004

 

	Attn:	Francis Wolf and Celeste Gonzalez
	 	 

		Re:	Trust Account - Termination Letter

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to
Section 1(i) of the Investment Management Trust Agreement between TCW Special Purpose Acquisition Corp. (the “Company”)
and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of March 1, 2021 (the “Trust
Agreement”), this is to advise you that the Company has entered into an agreement with (the “Target Business”)
to consummate a business combination with the Target Business (the “Business Combination”) on or about [insert
date]. The Company shall notify you at least seventy-two (72) hours in advance of the actual date (or such shorter time period as
you may agree) of the consummation of the Business Combination (the “Consummation Date”). Capitalized
terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

In accordance
with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account and to
transfer the proceeds to a segregated account held by you at J.P. Morgan Chase Bank, N.A. on behalf of the Beneficiaries to the effect
that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or
accounts that the Company shall direct on the Consummation Date (including as directed to it by the Representatives (with respect to the
Deferred Discount)).

 

On the Consummation
Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will
be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”),
and (ii) the Company shall deliver to you (a) a certificate by the Chief Executive Officer, Chief Financial Officer, Co-Chairman or Vice
Chairman, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders, if a vote is held
and (b) a joint written instruction signed by the Company and the Representatives with respect to the transfer of the funds held in the
Trust Account, including payment of amounts owed to public stockholders who have properly exercised their redemption rights and payment
of the Deferred Discount directly to the account or accounts directed by the Representatives from the Trust Account (the “Instruction
Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon
your receipt of the Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that
certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company
in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed
after the Consummation Date to the Company. Upon the distribution of all the funds, net of any payments necessary for reasonable unreimbursed
expenses related to liquidating the Trust Account, your obligations under the Trust Agreement shall be terminated.

 

In the event that the
Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or
before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the
Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the
business day immediately following the Consummation Date as set forth in such notice as soon thereafter as possible.

 

	 	Very truly yours,
	 	 
	 	TCW Special Purpose Acquisition Corp.
	 	 	 
	 	By:	
	 	 	Name:
	 	 	Title:

 

	cc:	Citigroup Global Markets Inc.

		Barclays Capital Inc.

 

    14

     

    

 

EXHIBIT B

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State
Street, 30th Floor

New York, New York 10004

 

	Attn:	Francis Wolf and Celeste Gonzalez

 

		Re:	Trust Account - Termination Letter

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section
1(i) of the Investment Management Trust Agreement between TCW Special Purpose Acquisition Corp. (the “Company”)
and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of March 1, 2021 (the “Trust
Agreement”), this is to advise you that the Company has been unable to effect a business combination with a target business
(the “Business Combination”) within the time frame specified in the Company’s second amended and restated
certificate of incorporation, as described in the Company’s Prospectus relating to the Offering. Capitalized terms used but not
defined herein shall have the meanings set forth in the Trust Agreement.

 

In accordance with the
terms of the Trust Agreement, we hereby authorize you to liquidate all of the assets in the Trust Account and to transfer the total
proceeds into a segregated account held by you at J.P. Morgan Chase Bank, N.A. on behalf of the Beneficiaries to await distribution
to the Public Stockholders. The Company has selected 1 as the effective date for the purpose of determining when the
Public Stockholders will be entitled to receive their share of the liquidation proceeds. You agree to be the Paying Agent of record
and, in your separate capacity as Paying Agent, agree to distribute said funds directly to the Company’s Public Stockholders
in accordance with the terms of the Trust Agreement and the second amended and restated certificate of incorporation of the Company.
Upon the distribution of all the funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating
the Trust Account, your obligations under the Trust Agreement shall be terminated, except to the extent otherwise provided in Section
1(i) of the Trust Agreement.

 

	 	Very truly yours,
	 	 
	 	TCW Special Purpose Acquisition Corp.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	cc:	Citigroup Global Markets Inc.
	 	Barclays Capital Inc.

 

 

	1	24 months from the closing of the Offering (or 27 months
from the closing of the Offering if the Company has executed a letter of intent, agreement in principle or definitive agreement for an
initial Business Combination within 24 months from the closing of the Offering) or such later date as may be approved by the Company’s
stockholders in accordance with the Company’s second amended and restated certificate of incorporation.

 

    15

     

    

 

EXHIBIT C

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State
Street, 30th Floor

New York, New York 10004

	Attn:	Francis Wolf and Celeste Gonzalez

 

		Re:	Trust Account - Tax Payment Withdrawal Instruction 

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to
Section 1(j) of the Investment Management Trust Agreement between TCW Special Purpose Acquisition Corp. (the “Company”)
and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of March 1, 2021 (the “Trust
Agreement”), the Company hereby requests that you deliver to the Company $                  of the interest income earned on the Property
as of the date hereof. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

The Company
needs such funds to pay for the tax obligations as set forth on the attached tax return or tax statement. In accordance with the terms
of the Trust Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of
this letter to the Company’s operating account at:

 

[WIRE INSTRUCTION INFORMATION]

 

	 	Very truly yours,
	 	 
	 	TCW Special Purpose Acquisition Corp.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	cc:	Citigroup Global Markets Inc.

		Barclays Capital Inc.

 

    16

     

    

 

EXHIBIT D

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State
Street, 30th Floor

New York, New York 10004

 

	Attn:	Francis Wolf and Celeste Gonzalez

 

		Re:	Trust Account – Stockholder Redemption Withdrawal
Instruction 

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to
Section 1(k) of the Investment Management Trust Agreement between TCW Special Purpose Acquisition Corp. (the “Company”)
and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of March 1, 2021 (the “Trust
Agreement”), the Company hereby requests that you deliver to the redeeming Public Stockholders on behalf of the Company
$                  of the principal and interest income earned on the Property as of the date hereof to a segregated account held by you on behalf of
the Beneficiaries. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

The Company needs
such funds to pay its Public Stockholders who have properly elected to have their shares of Common Stock redeemed by the Company in connection
with a stockholder vote to approve an amendment to the Company’s second amended and restated certificate of incorporation to modify
the substance or timing of the Company’s obligation to allow redemptions in connection with its initial Business Combination or
to redeem 100% of the Company’s public shares of Common Stock if the Company has not consummated an initial Business Combination
within such time period as is described in the Company’s second amended and restated certificate of incorporation or with respect
to any other provision relating to stockholders’ rights or pre-initial Business Combination activity. As such, you are hereby directed
and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to a segregated account held by you
on behalf of the Beneficiaries.

 

	 	Very truly yours,
	 	 
	 	TCW Special Purpose Acquisition Corp.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	cc:	Citigroup Global Markets Inc.

		Barclays Capital Inc.

 

 

17

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