Document:

EX-10.1

 Exhibit 10.1 

May 11, 2021 
 SWITCHBACK II CORPORATION

 5949 Sherry Lane, Suite 1010 
 Dallas, TX 75225 

Attention: Jim Mutrie, Co-Chief Executive Officer 

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 Bird Rides, Inc., a Delaware corporation (the “Company”), Switchback II Corporation, a Cayman Islands exempted company (“SPAC”), Maverick Merger Sub Inc., a Delaware
corporation and a direct, wholly owned subsidiary of SPAC and Bird Global, Inc., a Delaware corporation and a direct, wholly owned subsidiary of the Company. This letter agreement (this “Letter Agreement”) is being entered
into and delivered by SPAC, the Company and each of NGP Switchback II, LLC, a Delaware limited liability company (the “Sponsor”), Ray Kubis and Precious Williams Owodunni (together with the Sponsor, the “Founder
Shareholders”) 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,
SPAC, the Company and each Founder Shareholder hereby agree as follows: 
  

	 	1.	 Each Founder Shareholder represents and warrants that such Founder Shareholder holds the number of Founders
Shares set forth opposite such Founder Shareholder’s name on Exhibit A under the heading “Total Shares,” which shares collectively constitute all of the issued and outstanding Founders Shares as of the date hereof. As of the
date hereof, there are 7,906,250 Founders Shares issued and outstanding. As used herein, “Founders Shares” means, (i) for all periods prior to the completion of the Domestication Merger, Class B ordinary shares, par
value $0.0001 per share, of SPAC and, (ii) for all periods after the completion of the Domestication Merger, Class B common stock, par value $0.0001 per share, of the Surviving Corporation. 

 

	 	2.	 During the period commencing on the date hereof and ending on the earlier of the Acquisition Closing and the
valid termination of the BCA pursuant to Article IX thereof, each Founder Shareholder agrees not to (a) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase, dispose of or otherwise transfer or agree
to transfer, directly or indirectly, file (or participate in the filing of) a registration statement with the SEC (other than the Registration Statement or the Proxy Statement) or establish or increase a put equivalent position or liquidate or
decrease a call equivalent position within the meaning of Section 16 of the Exchange Act, with respect to any Founders Shares held by such Founder Shareholder, (b) deposit any Founders Shares held by such Founder Shareholder into a voting
trust or enter into a voting agreement or any similar agreement, arrangement or understanding with respect to such Founders Shares or grant any proxy (except as otherwise provided herein), consent or power of attorney with

	 	
respect thereto (other than pursuant to this Letter Agreement), (c) 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 Founders Shares held by such Founder Shareholder, or (d) publicly announce any intention to effect any transaction specified in clauses (a), (b) or (c); provided, that each Founder Shareholder may transfer Founders
Shares as contemplated by clauses (i) through (v) of Section 7(d) of the Prior Letter Agreement (as defined below), if and only if, the transferee of such Founders Shares evidences in writing reasonably satisfactory to SPAC such
transferee’s agreement to be bound by and subject to the terms and provisions hereof to the same effect as such Founder Shareholder. 

  

	 	3.	 Each Founder Shareholder hereby agrees, from the date hereof until the earlier of the Acquisition Closing and
the valid termination of the BCA pursuant to Article IX thereof, (a) to vote (or cause to be voted) or execute and deliver a written consent (or cause a written consent to be executed and delivered) at any meeting of the shareholders of SPAC,
however called, or at any adjournment thereof, or in any other circumstance in which the vote, consent or other approval of the shareholders of SPAC is sought, all of such Founder Shareholder’s Founders Shares (together with any other equity
securities of SPAC that such Founder Shareholder holds of record or beneficially as of the date of this Letter Agreement or acquires record or beneficial ownership of after the date hereof, collectively, the “Subject SPAC Equity
Securities”) (i) in favor of the Required SPAC Proposals, (ii) against any merger agreement or merger, consolidation, combination, sale of substantial assets, reorganization, recapitalization, dissolution, liquidation or winding up
of or by SPAC (other than the BCA and the Transactions), (iii) against any proposal in opposition to approval of the BCA or in competition with or inconsistent with the BCA or the Transactions, and (iv) against any proposal, action or agreement
that would (A) result in a breach in any respect of any covenant, representation, warranty or any other obligation or agreement of SPAC or the Merger Sub under the BCA or (B) result in any of the conditions set forth in Article VIII of the
BCA not being fulfilled, (b) not to redeem, elect to redeem or tender or submit any of its Subject SPAC Equity Securities for redemption in connection with the BCA or the Transactions, (c) not to commit or agree to take any action
inconsistent with the foregoing, and (d) to comply with, and fully perform all of its obligations, covenants and agreements set forth in, the Prior Letter Agreement, including the agreement by such Founder Shareholder pursuant to paragraph 1
therein not to redeem any Ordinary Shares (as defined therein) owned by it, him or her in connection with the shareholder approval in connection with the Transactions. 

 

	 	4.	 On the Acquisition Closing Date, the Sponsor and the Existing Holders (as defined therein) shall deliver to the
Company a duly executed copy of that certain Amended and Restated Registration Rights Agreement, by and among the Company, the Sponsor and the other parties listed under Holder and Additional Holder on Schedule A thereto, in substantially the form
attached as Exhibit C to the BCA. 

  

	 	5.	 Subject to the satisfaction or waiver of each of the conditions to the Acquisition Closing set forth in
Sections 8.01 and 8.02 of the BCA, effective immediately prior 

  
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to the Acquisition Closing, each Founder Shareholder hereby (a) irrevocably and unconditionally waives, to the fullest extent permitted by Law and the SPAC Organizational Documents, and
(b) agrees not to assert or perfect any and all rights to adjustment or other anti-dilution protections such Founder Shareholder has or will have under Section 17.3 of the SPAC Articles of Association, to receive, with respect to each
Founders Share held by such Founder Shareholder, more than one (1) SPAC Class A Ordinary Share upon automatic conversion of such Founders Shares in accordance with the SPAC Articles of Association in connection with the consummation of the
Transactions.     

  

	 	6.	 SPAC and the Founder Shareholders have previously entered into that certain letter agreement dated
January 7, 2021, in connection with the initial public offering of SPAC (as amended on the date hereof, 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 Shareholder shall comply with, and fully perform all of such Founder Shareholder’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). 

  

	 	7.	 During the period commencing on the date hereof and ending on the earlier of the Acquisition Closing and the
valid termination of the BCA pursuant to Article IX thereof, no Founder Shareholder shall modify or amend this Letter Agreement or the Prior Letter Agreement (other than the amendment to the Prior Letter Agreement entered into on the date hereof).
This Letter Agreement may not be modified, amended, waived or terminated without the prior written consent of the Company. 

  

	 	8.	 SPAC 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, SPAC 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 SPAC as of
the date hereof, including any and all goodwill related to the foregoing (the “SPAC 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 Mergers), and from and after the Acquisition Closing, SPAC shall cease and discontinue all use of such SPAC Marks, including
any mark or term confusingly similar thereto or derivative thereof. 

  
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	 	9.	 Each Founder Shareholder hereby acknowledges that such Founder Shareholder has read the BCA and this Letter
Agreement and has had the opportunity to consult with such Founder Shareholder’s tax and legal advisors. Each Founder Shareholder shall be bound by and comply with Section 7.01(d)-(f) (No Solicitation) and Section 7.05 (Access to
Information; Confidentiality) of the BCA (and any relevant definitions contained in any such Sections) as if such Founder Shareholder was an original signatory to the BCA with respect to such provisions, mutatis mutandis; provided,
however, for the avoidance of doubt, the agreement to be bound by and comply with Section 7.01(d)-(f) (No Solicitation) of the BCA shall not limit the rights of any Founder Shareholder or any of its Representatives with respect to any
transaction involving any person (other than SPAC) and any corporation, partnership or other business organization (other than the Company or any Company Subsidiary). 

 

	 	10.	 Subject to the terms and conditions of this Letter Agreement, SPAC and each Founder Shareholder 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 the BCA and this Letter Agreement. Each Founder further agrees not to
commence or participate in, and to take all actions necessary to opt out of any class in any class action with respect to, any action or claim, derivative or otherwise, against SPAC, SPAC’s Affiliates, the Company or the Company’s
Affiliates or any of their respective successors and assigns challenging the transactions contemplated by this Letter Agreement or the Business Combination Agreement. 

 

	 	11.	 Each Founder Shareholder hereby represents and warrants to SPAC and the Company as follows:

  

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

 

	 	(b)	 As of the date of this Letter Agreement, the Founder Shareholder collectively hold 7,906,250 Founders Shares
(with individual holdings set forth opposite each such Founder Shareholders 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 SPAC Organizational Documents or (ii) arising under applicable securities Laws. Each Founder Shareholder has and will have until the earlier of the Acquisition 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 Founders Shares held by such Founder Shareholder in accordance with this Letter Agreement and power to agree to all of the matters
applicable to such Founder Shareholder set forth in this Letter Agreement. 

  
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	 	(c)	 The execution and delivery of this Letter Agreement by such Founder Shareholder does not, and the performance
of this Letter Agreement by such Founder Shareholder will not: (i) conflict with or violate any applicable Law applicable to such Founder Shareholder, (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 Shareholder, 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 Founders Shares owned by such Founder
Shareholder pursuant to any note, bond, mortgage, indenture, contract, agreement, lease, license, permit, franchise or other instrument (whether written or oral) to which such Founder Shareholder is a party or by which such Founder Shareholder 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 Shareholder to perform such Founder Shareholder’s obligations hereunder or to consummate the transactions contemplated hereby. 

  

	 	(d)	 The execution and delivery of this Letter Agreement by such Founder Shareholder does not, and the performance
of this Letter Agreement by such Founder Shareholder 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 Shareholder (after reasonable
inquiry), threatened against such Founder Shareholder, which in any manner challenges or, individually or in the aggregate, would reasonably be expected to materially delay or impair the ability of such Founder Shareholder to perform such Founder
Shareholder’s obligations hereunder or to consummate the transactions contemplated hereby. 

  

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

  
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	 	(g)	 Such Founder Shareholder 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 Shareholders. 

  

	 	12.	 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 Shareholders in connection with the initial public offering of SPAC 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. 

  

	 	13.	 Except for the assignment of this Letter Agreement from SPAC to the Surviving Corporation by operation of law
in connection with the Domestication Merger, 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. 

 

	 	14.	 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 this Letter Agreement 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. 

  

	 	15.	 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 SPAC and the Company being sent to the applicable addresses set forth therein, in each case with all copies as required thereunder
and (b) notices to each Founder Shareholder being sent to the address set forth opposite such Founder Shareholder name on Exhibit A under the heading “Address.” 

 

	 	16.	 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. Upon termination of this Letter Agreement, none of the parties hereto shall have any further obligations or liabilities under this Letter Agreement; provided, however, that nothing in this
Section 16 shall relieve any party hereto of liability for any willful material breach of this Letter Agreement prior to such termination. 

[The remainder of this page left intentionally blank.] 

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

			
	Very truly yours,
	
	NGP SWITCHBACK II, LLC
		
	By:	 	 /s/ Jim Mutrie

	Name:	 	Jim Mutrie
	Title:	 	Co-Chief Executive Officer
	
	FOUNDER SHAREHOLDERS
		
	By:	 	 /s/ Ray Kubis

		 	Ray Kubis
		
	By:	 	 /s/ Precious Williams Owodunni

		 	Precious Williams Owodunni

  

			
	Acknowledged and agreed
	as of the date of this Letter Agreement:
	
	SWITCHBACK II CORPORATION
		
	By:	 	 /s/ Jim Mutrie

	Name:	 	Jim Mutrie
	Title:	 	Co-Chief Executive
	
	BIRD RIDES, INC.
		
	By:	 	 /s/ Travis VanderZanden

	Name:	 	Travis VanderZanden
	Title:	 	Chief Executive Officer

 [Signature Page to Letter Agreement] 

 EXHIBIT A 
  

							
	 Founder Shareholder
	  	 Address
	  	Total Shares	 
	 NGP Switchback II, LLC
	  	 5949 Sherry Lane, Suite

1010 Dallas, TX 75225
	  	 	7,826,250	 
	 Ray Kubis
	  	 5949 Sherry Lane, Suite

1010 Dallas, TX 75225
	  	 	40,000	 
	 Precious Williams Owodunni
	  	 5949 Sherry Lane, Suite

1010 Dallas, TX 75225
	  	 	40,000	 
	 Total:
	  	 	7,906,250	 

  
 Exhibit AEX-10.2

 Exhibit 10.2 

AMENDMENT NO. 1 TO 

LETTER AGREEMENT 
 This
Amendment No. 1 (this “Amendment”), dated as of May 11, 2021 and effective as of the Effective Date (as defined below), to the Letter Agreement (as defined below) is entered into by and among Switchback II
Corporation, a Cayman Islands exempted company (“SPAC”), NGP Switchback II, LLC, a Delaware limited liability company (“Sponsor”), and each of the undersigned individuals, each of whom is a member of
SPAC’s board of directors and/or management team (the “Insiders”). Capitalized terms used but not defined in this Amendment shall have the meanings ascribed to them in the Letter Agreement. 

WHEREAS, SPAC, Sponsor and each of the Insiders are parties to that certain Letter Agreement, dated as of January 7, 2021 (the
“Letter Agreement”); 
 WHEREAS, SPAC, Bird Rides, Inc., a Delaware corporation, Bird Global, Inc., a
Delaware corporation (“Holdings”) and Maverick Merger Sub Inc., a Delaware corporation, have entered into a business combination agreement dated as of the date hereof (the “Business Combination
Agreement”); 
 WHEREAS, the parties hereto desire to amend the Letter Agreement as set forth herein, such amendment to
be effective upon the consummation of the transactions contemplated by the Business Combination Agreement (the “Effective Date”); 

WHEREAS, in connection with the consummation of the transactions contemplated by the Business Combination Agreement, each then issued
and outstanding Class B ordinary share of SPAC, par value $0.0001 per share, shall, by virtue of the Domestication Merger (as defined in the Business Combination Agreement), be canceled and converted into a share of Class B common stock,
par value $0.0001 per share, of Holdings, which will thereafter convert, on a one-for-one basis, into a share of Class A common stock, par value $0.0001 per share,
of Holdings at the Acquisition Merger Effective Time (as defined in the Business Combination Agreement); and 
 WHEREAS,
Section 12 of the Letter Agreement provides that the Letter Agreement may be amended by a written instrument executed by all parties thereto. 

NOW, THEREFORE, for good and valuable consideration, the undersigned each agree as follows: 

1. Amendments. 
 (a)
Effective as of the Effective Date, sub-paragraph (a) of paragraph 6 of the Letter Agreement is hereby amended and restated in its entirety as follows: 

“(a) Upon and subject to the conversion of the Class B Ordinary Shares (as adjusted as set forth in paragraph 5) into Class A
Ordinary Shares at the time of the closing of a Business Combination as set forth above, (i) 12.5% of such Class A Ordinary Shares (the “Tranche I Earnout Shares”) shall become subject to potential forfeiture if the
First Triggering Event (as defined below) does not occur during the time period between the closing date of a Business Combination and the five-year anniversary of such date (the “Earnout Period”) and (ii) 12.5% of

 
such Class A Ordinary Shares (the “Tranche II Earnout Shares” and, together with the Tranche I Earnout Shares, the “Earnout Shares”) shall
become subject to potential forfeiture if the Second Triggering Event (as defined below) does not occur during the Earnout Period; “First Triggering Event” means the date on which the average reported last sale price of the
Class A Ordinary Shares equals or exceeds $12.50 for any ten (10) trading days within any twenty (20) consecutive trading day period and “Second Triggering Event” means the date on which the average reported
last sale price of the Class A Ordinary Shares equals or exceeds $15.00 for any ten (10) trading days within any twenty (20) consecutive trading day period; provided, that, if, during the Earnout Period, the Company consummates a
Change of Control (as defined in the Business Combination Agreement) pursuant to which the Company or any of its shareholders have the right to receive consideration implying a value of the Class A Ordinary Shares (as determined in good faith
by the Board) of (A) less than $12.50 per share, then all Earnout Shares shall be deemed forfeited upon consummation of such Change of Control, (B) greater than or equal to $12.50 per share, then the First Triggering Event shall be deemed
to have occurred and (C) greater than or equal to $15.00 per share, then both the First Triggering Event and the Second Triggering Event shall be deemed to have occurred;” 

(b) Effective as of the Effective Date, paragraph 7(a) of the Letter Agreement is hereby amended and restated in its entirety as follows: 

“(a) Subject to the exceptions set forth herein, the Sponsor and each Insider agree not to transfer, assign or sell any Founder Shares or
the Class A Ordinary Shares issuable upon conversion of the Founder Shares held by it, him or her until the date that is 180 days following the Acquisition Closing Date (as defined in the Business Combination Agreement, dated as of May 11,
2021, by and among the Company, Bird Rides, Inc., a Delaware corporation, Bird Global, Inc., a Delaware corporation (“Holdings”) and Maverick Merger Sub Inc., a Delaware corporation (the “Business Combination
Agreement”)) (the “Founder Shares Lock-up Period”). Notwithstanding the other provisions set forth in this paragraph 7(a), if (x) at least 120 days have elapsed since
the Acquisition Closing Date and (y) the Founder Shares Lock-up Period is scheduled to end during a Blackout Period or within five Trading Days prior to a Blackout Period (such period, the
“Specified Period”), the Founder Shares Lock-up Period shall end 10 Trading Days prior to the commencement of the Blackout Period (the “Blackout-Related
Release”); provided that Holdings shall announce the date of the expected Blackout-Related Release through a major news service, or on a Form 8-K, at least two Trading Days in advance of the
Blackout-Related Release; and provided further that the Blackout-Related Release shall not occur unless Holdings shall have publicly released its earnings results for the quarterly period during which the Acquisition Closing (as defined in the
Business Combination Agreement) occurred. For the avoidance of doubt, in no event shall the Founder Shares Lock-up Period end earlier than 120 days after the Acquisition Closing Date pursuant to the
Blackout-Related Release. For purposes of this paragraph 7(a): (1) the term “Blackout Period” means a broadly applicable and regularly scheduled period during which trading in Holdings’ securities would not be permitted
under Holdings’ insider trading policy; and (2) the term “Trading Day” means a day on which the New York Stock Exchange and the Nasdaq Stock Market are open for the buying and selling of securities.” 

  
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 (c) Effective as of the Effective Date, paragraph 7(c) of the Letter Agreement is hereby
amended and restated in its entirety as follows: 
 “Each of the Sponsor and each Insider hereby agrees not to transfer, assign or sell
any Earnout Shares held by them until the earlier of, (i) (x) with respect to the Tranche I Earnout Shares, the occurrence of the First Triggering Event and (y) with respect to the Tranche II Earnout Shares, the occurrence of the Second
Triggering Event (in each case, as described in paragraph 6(a)) and (ii) the fifth anniversary of the date of the consummation of a Business Combination (the “Earnout Lock-Up
Period” and, together with the Founder Shares Lock-up Period and the Private Placement Warrants Lock-Up Period, the “Lock-up Periods”), at which time, the applicable Earnout Shares would be forfeited, as described above.” 

(d) Effective as of the Effective Date, paragraph 7(d) of the Letter Agreement is hereby amended and restated in its entirety as follows: 

“ Notwithstanding the provisions set forth in paragraphs 7(a), (b) and (c), transfers of the Founder Shares, Private Placement Warrants
and Class A Ordinary Shares issued or issuable upon the exercise or conversion of the Private Placement Warrants or the Founder Shares and that are held by the Sponsor, any Insider or any of their permitted transferees (that have complied with
this paragraph 7(d)) are permitted (i) to the Company’s officers or directors, any affiliates or family members of any of the Company’s officers or directors, the Sponsor, any members of the Sponsor or their affiliates, or any
affiliates of the Sponsor; (ii) in the case of an individual, by gift to members of the individual’s immediate family or to a trust, the beneficiary of which is a member of one of the individual’s immediate family, an affiliate of
such person or to a charitable organization; (iii) in the case of an individual, by virtue of laws of descent and distribution upon death of the individual; (iv) in the case of an individual, pursuant to a qualified domestic relations
order; (v) by virtue of the laws of the state of Delaware or the Sponsor’s operating agreement upon dissolution of the Sponsor; (vi) by private sales or transfers made in connection with the consummation of a Business Combination at
prices no greater than the price at which the securities were originally purchased; (vii) in the event of the Company’s liquidation prior to the completion of a Business Combination; (viii) in the event of completion of a liquidation,
merger, share exchange or other similar transaction which results in all of the Company’s shareholders having the right to exchange their Class A Ordinary Shares for cash, securities or other property subsequent to the completion of a
Business Combination; or (ix) in connection with any bona fide mortgage, encumbrance or pledge to a financial institution in connection with any bona fide loan or debt transaction or enforcement thereunder, including foreclosure thereof;
provided, however, that in the case of clauses (i) through (vi) and clause (ix), these permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions.” 

(e) Effective as of the Effective Date, paragraph 11 of the Letter Agreement is hereby amended to include the following as the last sentence of
such paragraph: 
 “As used herein, (i) “Class A Ordinary Shares” shall be deemed to refer to (A) prior to the
consummation of the Business Combination, Class A Ordinary Shares and, (B) following the consummation of the Business Combination, Class A common stock, par value $0.0001 per share, of Holdings (“Holdings
Class A Common Stock”) and (ii) “Class B Ordinary Shares” shall be deemed to refer to (A) prior to the consummation of the Business Combination, Class B Ordinary Shares and,
(B) following the consummation of the Business Combination, Holdings Class A Common Stock.” 

  
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 2. Termination. This Amendment shall automatically terminate and become void and of
no force and effect upon the valid termination of the Business Combination Agreement in accordance with its terms prior to the Effective Time (as defined in the Business Combination Agreement). 

3. Joinder. Jim Mutrie acknowledges that he has received and reviewed a complete copy of the Letter Agreement and agrees that, upon
execution of this Amendment, he shall become an Insider under the Letter Agreement and shall be fully bound by, and subject to, all of the covenants, terms, and conditions of the Letter Agreement, as though an original party thereto, in each case,
as amended hereby. 
 4. Miscellaneous. Except as expressly amended hereby, the Letter Agreement shall remain unchanged, and the
Letter Agreement, as so amended, shall continue in full force and effect in accordance with its terms. This Amendment shall be governed by, construed and enforced in accordance with the laws of the State of Delaware, without giving effect to
conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. This Amendment 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. 

*        *        *       
 *        * 

  
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 IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above
written. 
  

			
	NGP SWITCHBACK II, LLC
		
	By:	 	 /s/ Jim Mutrie

	Name: Jim Mutrie
	Title: Co-Chief Executive Officer

 SIGNATURE PAGE TO AMENDMENT
NO. 1 TO 
 LETTER AGREEMENT 

 
	
	 /s/ Scott McNeill

	Scott McNeill
	
	 /s/ Chris Carter

	Chris Carter
	
	 /s/ Scott Gieselman

	Scott Gieselman
	
	 /s/ Sam Stoutner

	Sam Stoutner
	
	 /s/ Philip J. Deutch

	Philip J. Deutch
	
	 /s/ Ray Kubis

	Ray Kubis
	
	 /s/ Precious Williams Owodunni

	Precious Williams Owodunni

 SIGNATURE PAGE TO AMENDMENT
NO. 1 TO 
 LETTER AGREEMENT 

 
	
	 /s/ Jim Mutrie

	Jim Mutrie

 SIGNATURE PAGE TO AMENDMENT
NO. 1 TO 
 LETTER AGREEMENT 

	
	Acknowledged and Agreed:
	
	SWITCHBACK II CORPORATION
	
	 /s/ Jim Mutrie

	Name: Jim Mutrie
	Title: Co-Chief Executive Officer

 SIGNATURE PAGE TO AMENDMENT
NO. 1 TO 
 LETTER AGREEMENT

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