Document:

Exhibit 10.1

 

December 3, 2020

 

FinTech Acquisition Corp. V

2929 Arch Street, Suite 1703

Philadelphia, PA 19104-2870  

 

		Re:	Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (“Letter
Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting
Agreement”) entered into, or proposed to be entered into, by and between FinTech Acquisition Corp. V, a Delaware
corporation (the “Company”),  and Cantor Fitzgerald & Co., as the representative of the
underwriters (the “Underwriters”), relating to an underwritten initial public offering (the “Offering”),
of up to 25,070,000 of the Company’s units (the “Units”), each comprised of one share of the Company’s
Class A common stock, par value $0.0001 per share (the “Common Stock”), and one-third of one warrant,
each whole warrant exercisable for one share of Common Stock (each, a “Warrant”). The Units sold in the
Offering will be registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant
to a registration statement on Form S-1 and prospectus (the “Prospectus”) filed by the Company with the
Securities and Exchange Commission (the “Commission”). The Company expects that the Units will be listed
for trading on the Nasdaq Capital Market. Certain capitalized terms used herein are defined in paragraph 16 hereof.

 

The Insiders signatory
hereto hereby agree with the Company as follows:

 

1. Each
Insider agrees that, if the Company seeks stockholder approval of (a) a proposed initial Business Combination or (b) a proposed
amendment to the Company’s amended and restated certificate of incorporation (as may be amended from time to time, the “Charter”)
(i) to modify the substance or timing of the Company’s obligation to redeem 100% of the Offering Shares if the Company does
not complete its initial Business Combination within 24 months from the completion of the Offering or (ii) with respect to any
other provision relating to stockholders’ rights or pre-initial Business Combination activity, then in connection with such
proposed initial Business Combination or amendment to the Charter, such person shall vote, as applicable, all Founder Shares, Placement
Shares and any shares acquired by such person in the Offering or in the secondary public market in favor of such proposed initial
Business Combination or such amendment to the Charter, as applicable.

 

2. (a)  Each
Insider hereby agrees that, if the Company fails to consummate a Business Combination within 24 months from the consummation of
the Offering, such person 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 the Offering Shares
at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including any amounts
representing interest earned on the Trust Account, less interest previously released to, or reserved for use by, the Company in
an amount up to $100,000 to pay dissolution expenses and less any other interest released to, or reserved for use by, the Company
to pay franchise and income taxes, divided by the number of Offering Shares then outstanding, which redemption will completely
extinguish the holder’s rights as a stockholder with respect to his, her or its Offering Shares (including the right to receive
further liquidation distributions, if any), subject to applicable law, 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 (the
“Board”), dissolve and liquidate, subject in the case of clauses (ii) and (iii) to the Company’s
obligations under Delaware law to provide for claims of creditors and other requirements of applicable law.

  

(b)  Each
Insider agrees to not propose any amendment to the Charter (i) that would modify the substance or timing of the Company’s
obligation to redeem 100% of the Offering Shares if the Company does not consummate a Business Combination within 24 months from
the completion of the Offering or (ii) with respect to any other provision relating to stockholders’ rights or pre-initial
Business Combination activity, unless the Company provides the holders of Offering Shares 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 any amounts representing interest earned on the Trust Account, less any interest released
to, or reserved for use by, the Company to pay franchise and income taxes, divided by the number of then outstanding Offering Shares.

 

     

     

    

 

(c)  Each
Insider acknowledges and agrees that Founder Shares or Placement Shares held by him, her or it are not entitled to, and have no
right, interest or claim of any kind in or to, any monies held in the Trust Account or distributed as a result of any liquidation
of the Trust Account.

 

(d) Each
Insider waives, with respect to any Founder Shares or Placement Shares held by such undersigned party, any redemption rights he,
she or it may have (i) in connection with the consummation of an initial Business Combination, (ii) if the Company fails to consummate
its initial Business Combination or liquidates within 24 months from the completion of the Offering or (iii) if the Company seeks
an amendment to its Charter (A) that would modify the substance or timing of the Company’s obligation to redeem 100% of the
Offering Shares as described above or (B) with respect to any other provision relating to stockholders’ rights or pre-initial
Business Combination activity. If any of the Insiders should acquire Offering Shares in or after the Offering, each Insider hereby
waives with respect to such Offering Shares held by such undersigned party any redemption rights such party may have in connection
with the consummation of a Business Combination or a stockholder vote to amend the Charter as described above; provided, however,
that the Insiders will be entitled to redemption rights with respect to such Offering Shares held by them if the Company fails
to consummate a Business Combination or liquidates within 24 months from completion of the Offering.

 

3. (a) To
the extent that the Underwriters do not exercise in full their over-allotment option to purchase an additional 3,270,000 Units
(as described in the Prospectus), the Initial Holders shall return to the Company for cancellation, at no cost, an aggregate number
of Founder Shares determined by multiplying 1,090,000 by a fraction: (i) the numerator of which is 3,270,000 minus the number of
shares of the Common Stock purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator
of which is 3,270,000.  The Initial Holders further agree that, if the Company effects a stock split, stock dividend,
reverse stock split, contribution back to capital or otherwise in connection with any increase or decrease in the size of the Offering,
to the extent that the Underwriters do not exercise their over-allotment option in full, the aggregate number of shares that the
Initial Holders will be required to return to the Company as set forth in the immediately preceding sentence shall be adjusted
so that the Founder Shares held by the Initial Holders and their Permitted Transferees represent 25% of the Company’s issued
and outstanding shares of Common Stock immediately following such forfeiture. The number of Founder Shares to be returned by each
Initial Holder, if any, pursuant to this Section 3(a) shall be determined on a pro-rata basis based on the percentage of outstanding
Founder Shares held by each Initial Holder at the time of such forfeiture.

 

(b) Subject
to paragraph 3(d), the Founder Shares owned by the Insiders shall not be transferable or salable (x)(a) with respect to 25% of
such shares, until consummation of a Business Combination, (b) with respect to 25% of such shares, when the closing price of the
Common Stock exceeds $12.00 for any 20 trading days within a 30-trading day period following the consummation of a Business Combination,
(c) with respect to 25% of such shares, when the closing price of the Common Stock exceeds $13.50 for any 20 trading days within
a 30-trading day period following the consummation of a Business Combination, and (d) with respect to 25% of such shares, when
the closing price of the Common Stock exceeds $17.00 for any 20 trading days within a 30-trading day period following the consummation
of a Business Combination or earlier, in any case, if, following a Business Combination (y) the Company completes a liquidation,
merger, stock exchange or other similar transaction that results in all of the Company’s stockholders having the right to
exchange their shares of Common Stock for cash, securities or other property (such applicable period being the “Founder
Lock-Up Period”).  During the Founder Lock-Up Period, the Insiders shall not, except as described in the Prospectus,
(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, and the rules and regulations
of the Commission promulgated thereunder (the “Exchange Act”), with respect to the Founder Shares then
subject to the Founder Lock-Up Period, (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 of the Founder Shares then subject to the Founder Lock-Up Period, whether
any such transaction is to be settled by delivery of the Common Stock or such other securities, in cash or otherwise, or (III)
publicly announce any intention to effect any transaction specified in clause (b)(I) or (b)(II).  

 

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(c) Until
30 days after the consummation of the initial Business Combination (“Placement Unit Lock-Up Period”),
the Sponsor shall not, except as described in the Prospectus, (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 Exchange
Act with respect to the Placement Units, Placement Shares, Placement Warrants, or shares of Common Stock underlying the Placement
Warrants, (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 of the Placement Units, Placement Shares, Placement Warrants, or shares of Common Stock underlying the Placement
Warrants, whether any such transaction is to be settled by delivery of the Common Stock or such other securities, in cash or otherwise,
or (iii) publicly announce any intention to effect any transaction specified in clause (c)(i) or (c)(ii).

 

(d) Notwithstanding
the provisions contained in paragraphs 3(b) and 3(c) hereof, any Insider may transfer, as applicable, the Founder Shares and/or
Placement Units, Placement Shares, Placement Warrants, or shares of Common Stock underlying the Placement Warrants (1) in connection
with an initial Business Combination with the consent of the Company to any third party that agrees in writing to be bound by the
provisions of this agreement applicable to Insiders (other than paragraph 1 and the second sentence of paragraph 2(d)); and (2)
(a) to the Company’s officers, the Company’s directors, or the Initial Holders, (b) to an affiliate or immediate family
member of any of the Company’s officers, directors, or Initial Holders, (c) to any member, officer or director of the Sponsor,
or any immediate family member, partner, affiliate or employee of a member of the Sponsor, (d) by gift to any Permitted Transferee
under any of the immediately preceding subsections (a) through (c), a trust, the beneficiaries of which are one or more Permitted
Transferees under any of the immediately preceding subsections (a) through (c), or a charitable organization, (e) by virtue of
laws of descent and distribution upon death of any of the Company’s officers, the Company’s directors, the Initial
Holders, or members of the Sponsor, (f) pursuant to a qualified domestic relations order, (g) in the event of the Company’s
liquidation prior to consummation of its initial Business Combination, (h) by virtue of the laws of Delaware, the Sponsor’s
limited liability company agreement upon dissolution of the Sponsor, (i) subsequent to the Company’s consummation of its
initial Business Combination, upon and in connection with a liquidation, merger, stock exchange or other similar transaction which
results in all of the Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities
or other property, (j) subsequent to the Company’s consummation of its initial Business Combination, in the event of a consolidation,
merger or other similar transaction in which the Company is the surviving entity that results in a change in the majority of the
Board or the Company’s management team or (k) through private sales or transfers made in connection with any forward purchase
agreement or similar arrangement or in connection with the consummation of the Company’s initial Business Combination at
prices no greater than the price at which the Founder Shares, Placement Shares or Placement Warrants were originally purchased
(each, a “Permitted Transferee”); provided, however, that, in the case of subclauses (a) through
(f), (h) and (k), these transferees enter into a written agreement with the Company agreeing to be bound by the transfer restrictions
set forth herein. For the avoidance of doubt, for the purposes of this Agreement, a managed account managed by the same investment
manager of any member of the Sponsor shall be deemed an affiliate of such member.

 

(e) Further,
each Insider agrees that after the Founder Lock-Up Period or the Placement Unit Lock-Up Period, as applicable, has elapsed, the
Founder Shares and/or Placement Units, Placement Shares, Placement Warrants, or shares of Common Stock underlying the Placement
Warrants owned by such Insider shall only be transferable or saleable pursuant to a sale registered under the Securities Act
or pursuant to an available exemption from registration under the Securities Act. The Company and each Insider acknowledges that
pursuant to that certain registration rights agreement to be entered into among the Company and certain security holders of the
Company, parties to the agreement may request that a registration statement relating to the Founder Shares and/or Placement Units,
Placement Shares, Placement Warrants, or shares of Common Stock underlying the Placement Warrants be filed by the Company with
the Commission prior to the end of the Founder Lock-Up Period or the Placement Unit Lock-Up Period, as the case may be;  provided, 
however, that such registration statement does not become effective prior to the end of the Founder Lock-Up Period or the Placement
Unit Lock-Up Period, as applicable.

 

(f) Subject
to the limitations described herein, each Insider shall retain all of such Insider’s rights as a security holder during,
as applicable, the Founder Lock-Up Period and/or Placement Unit Lock-Up Period including, without limitation, the right to vote,
as the case may be, the Founder Shares and/or Placement Shares.

 

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(g) During
the Founder Lock-Up Period and Placement Unit Lock-Up Period, all dividends payable in cash with respect to such securities shall
be paid, as applicable, to each security holder, but all dividends payable in Common Stock or other non-cash property shall become
subject to the applicable lock-up period as described herein and shall only be released from such lock-up in accordance with the
provisions of this paragraph 3.

 

4. Without
limiting the provisions of paragraph 3(d) hereof, during the period commencing on the effective date of the Underwriting Agreement
and ending 180 days after such date, each of the undersigned shall not (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 Exchange
Act with respect to any Units, Placement Units, shares of Common Stock, Warrants, Placement Shares, Placement Warrants or any securities
convertible into, or exercisable, or exchangeable for, shares of Common Stock owned by an undersigned party, (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, Placement Units, shares of Common Stock, Warrants, Placement Shares, Placement Warrants or any securities convertible into,
or exercisable, or exchangeable for, shares of Common Stock owned by the undersigned, 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, that the restrictions of this Section 4 shall not apply to any distributions by the Sponsor
to its members of Units, Placement Units, shares of Common Stock, Warrants, Placement Shares, Placement Warrants or any securities
convertible into, or exercisable, or exchangeable for, shares of Common Stock.

 

5. (a)  In
the event of the liquidation of the Trust Account without the consummation of a Business Combination, the Sponsor (the “Indemnitor”)
agrees to indemnify and hold harmless the Company against any and all loss, liability, claim, damage and expense whatsoever (including,
but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any
litigation, whether pending or threatened, or any claim whatsoever) to which the Company may become subject as a result of any
claim by (i) any third party for services rendered or products sold to the Company (other than the Company’s independent
registered public accountants) or (ii) any prospective target business (a “Target”) as described in the
Prospectus; provided,  however, that such indemnification of the Company by the Indemnitor shall apply only to the extent
necessary to ensure that such claims by a third party for services rendered or products sold to the Company or a Target do not
reduce the amount of funds in the Trust Account to below $10.00 (regardless of whether or not the Underwriters exercise any portion
of their overallotment option) per Offering Share and only if such third party or Target has not executed an agreement waiving
claims against any and all rights to seek access to the Trust Account, regardless of whether such agreement is enforceable. In
the event that any such executed waiver is deemed to be unenforceable against such third party, the Indemnitor shall not be responsible
for any liability as a result of any such third party claims. Notwithstanding any of the foregoing, indemnification of the Company
by the Indemnitor pursuant to this paragraph 5 shall not apply as to any claims arising from the Company’s obligation pursuant
to the Underwriting Agreement to indemnify the Underwriters.

 

(b) If
the Company is liquidated within 24 months following completion of the Offering, to the extent that interest income on the balance
of the Trust Account (net of any taxes payable) released to the Company in an amount up to $100,000 to pay dissolution expenses
and any other interest released to, or reserved for use by, the Company to pay franchise and income taxes and loans from the Sponsor
(each as described in the Prospectus) are insufficient to fund the costs and expenses of liquidation, the Indemnitor agrees to
pay the balance of the amount necessary to complete the liquidation of the Company. 

 

6. The
Company agrees that the Company will not engage any third party to render services, agree to purchase any products from such third
party, or enter into any discussion or any acquisition agreement with a Target unless (i) such third party or Target has agreed
to execute a waiver against any right, title, interest or claim of any kind in or to any monies held in the Trust Account or any
proceeds from the Trust Account, that is acceptable to the Board or (ii) the Board and the Indemnitor have each consented in writing
to dispense with such waiver with respect to such services, product, discussions or acquisition agreement. In addition the Company
shall endeavor, together with the officers and directors of any acquisition target for its initial Business Combination, to obtain
waivers of claims to the monies held in the Trust Account from creditors of such acquisition target (which, for the avoidance of
doubt, shall include creditors existing prior to the initial Business Combination as well as after completion of the initial Business
Combination).

 

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7. In
order to minimize potential conflicts of interest that may arise from multiple corporate affiliations, each officer and director
of the Company who is signatory to this Agreement agrees that until the earliest of the Company’s initial Business Combination,
liquidation or the time at which such person ceases to be an officer or director of the Company, such person shall present to the
Company for its consideration, prior to presentation to any other entity, any suitable Business Combination opportunities of which
such person (or companies or entities which such person manages or controls) becomes aware, subject to any current or future fiduciary
or contractual obligations of such person that such person discloses to the Company.

 

8. Each
officer and director signatory hereto represents and warrants that the biographical information furnished to the Company by him
or her is true and accurate in all material respects and does not omit any material information with respect to such person’s
background.  Each of the answers of such person to the items in questionnaires furnished to the Company by such officer
and director is true and accurate in all material respects.

 

9. Each
of the undersigned represents and warrants that he, she or it:

 

(a) 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;

 

(b) 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 undersigned is not currently a defendant
in any such criminal proceeding; and

 

(c) 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.

 

10. Each
Insider agrees that he, she or it shall receive no finder’s fees, consulting fees or other similar compensation from the
Company prior to, or for any services they render in order to effectuate, the consummation of the initial Business Combination,
other than the following:

 

(a) repayment
of loans made to the Company by the Sponsor or its affiliate prior to completion of the Offering in connection with organizational
expenses and the preparation, filing and consummation of the Offering;

 

(b) payment of an
aggregate of $20,000 per month to the Sponsor or its affiliate for office space, administrative and shared personnel support services,
pursuant to an Administrative Services Agreement; 

 

(c) repayment
of loans, if any, and on such terms as to be determined by the Company from time to time, made by the Sponsor or an affiliate of
the Sponsor or certain of the Company’s officers or directors 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. Up to $1,500,000 of
such loans may be convertible into units at a price of $10.00 per unit at the option of the lender. Such units would be identical
to the Placement Units;

 

(d) at the closing of an initial Business
Combination, a customary advisory fee to an affiliate of the Sponsor, in an amount that constitutes a market standard advisory
fee for comparable transactions and services provided; and

 

(e) reimbursement
for any out-of-pocket expenses related to identifying, investigating and consummating an initial Business Combination, provided
that no proceeds of the Offering placed in the Trust Account may be applied to the payment of such expenses prior to the consummation
of an initial Business Combination.

 

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11. Each
of the undersigned acknowledges and understands that the Underwriters and the Company will rely upon the agreements, representations,
and warranties set forth herein in proceeding with the Offering.

 

12. Each
of the undersigned authorizes any employer, financial institution, or consumer credit reporting agency to release to the Underwriters
and their legal representatives or agents (including any investigative search firm retained by the Underwriters) any information
they may have about such undersigned party’s background and finances (“Information”), purely for
the purposes of performing required due diligence examinations in connection with the Offering (provided that the Underwriters
agree to hold such Information in confidence). Each of the undersigned agrees that neither the Underwriters nor their agents shall
be violating such undersigned party’s right of privacy by requesting and obtaining the Information in accordance with this
Section 12.

 

13. Each
of the undersigned acknowledges and agrees that the Company will not consummate any initial Business Combination that involves
a company which is affiliated with such undersigned party unless the Company obtains an opinion from an independent investment
banking firm that is a member of the Financial Industry Regulatory Authority and reasonably acceptable to the representative of
the several underwriters that the Business Combination is fair to the Company’s stockholders from a financial perspective.

 

14. Each
officer and director signatory hereto represents and warrants that he or she has full right and power, without violating any agreement
to which such person 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 to serve as an officer of the Company or as a director on the Board,
as applicable, and hereby consents to being named in the Prospectus as an officer and/or as a director of the Company, as applicable.

 

15. As used in this Letter Agreement,
(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) “Founder Shares”
shall mean the 8,570,000 shares of Class B common stock of the Company, par value $0.0001 per share, acquired by the Sponsor and
the other Initial Holders for an aggregate purchase price of $25,000 prior to the consummation of the Offering; (iii) “Initial
Holders” shall mean FinTech Investor Holdings V, LLC, a Delaware limited liability company, and FinTech Masala Advisors
V, LLC, a Delaware limited liability company; (iii) “Offering Shares” shall mean the shares of Common
Stock included in the units sold in the Offering; (iv) “Placement Shares” shall mean the shares of Common
Stock sold as part of the Placement Units; (v) “Placement Warrants” shall mean the Warrants to purchase
up to an aggregate of 213,333 shares of Common Stock that are included in the Placement Units; (vi) “Placement Units”
shall mean the aggregate of 640,000 Units of the Company (each Placement Unit consists of one Placement Warrant and one Placement
Share) sold in the Private Placement to the Sponsor for a purchase price of $6,400,000; (vii) “Trust Account”
shall mean the trust account into which net proceeds of the Offering and the Private Placement will be deposited; (viii) “Prospectus”
shall mean the prospectus included in the registration statement filed by the Company in connection with the Offering, as supplemented
or amended from time to time; (ix) “Private Placement” shall mean that certain private placement transaction
occurring simultaneously with the closing of the Offering pursuant to which the Company has agreed to sell an aggregate of 640,000
Placement Units to FinTech Investor Holdings V, LLC; (x) “Sponsor” shall mean, collectively, FinTech
Investor Holdings V, LLC, a Delaware limited liability company, and FinTech Masala Advisors V, LLC, a Delaware limited liability
company; (xi) “Insiders” shall mean the Sponsor and its members, any holders of Founder Shares, any person
who receives Placement Units, Founder Shares or their respective underlying securities as a Permitted Transferee and each officer
and director of the Company; and (xii) references to completion of the Offering shall exclude any exercise of the Underwriters’
over-allotment option.

 

16. 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.

 

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17. No
party 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 each undersigned party and each of such undersigned party’s, as applicable, heirs, personal representatives, successors
and assigns.

 

18. This
Letter Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York applicable
to contracts entered into within the borders of such state and without giving effect to conflicts of law principles that would
result in the application of the substantive laws of another jurisdiction. The parties (i) 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 federal or state
courts in the borough of Manhattan in the City of New York, and irrevocably submits 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.

 

19. 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,
electronic or facsimile transmission.

 

20. This
Letter Agreement shall terminate in the event that the Offering is not completed by December 31, 2020; and, provided, further,
that paragraph 5 of this Letter Agreement shall survive any liquidation of the Company.

 

[Signature page follows]

 

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	 	Sincerely,
	 	 
	 	FINTECH ACQUISITION CORP. V
	 	a Delaware corporation
	 	 
	 	By:  	 /s/ James J. McEntee, III
	 	Name: 	James J. McEntee, III
	 	Title:	President and Secretary

 

	 	FINTECH INVESTOR HOLDINGS V, LLC, a Delaware limited liability company
	 	 	 
	 	By:  Cohen Sponsor Interests V, LLC, its Manager
	 	 	 
	 	By:  FinTech Masala, LLC, its sole member
	 	 	 
	 	By:  	/s/ Daniel G. Cohen
	 	Name: 	Daniel G. Cohen
	 	Title:	President

 

	 	FINTECH MASALA ADVISORS V, LLC, a Delaware limited liability company
	 	 	 
	 	By:  Cohen Sponsor Interests V, LLC, its Manager
	 	 	 
	 	By:  FinTech Masala, LLC, its sole member
	 	 	 
	 	By:  	/s/ Daniel G. Cohen
	 	Name: 	Daniel G. Cohen
	 	Title:	President

 

[Signature Page to Letter Agreement]

 

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	 	/s/ Betsy Z. Cohen
	 	Betsy Z. Cohen, individually
	 	 
	 	/s/ Daniel G. Cohen
	 	Daniel G. Cohen, individually
	 	 
	 	/s/ James J. McEntee, III
	 	James J. McEntee, III, individually
	 	 
	 	/s/ Douglas Listman
	 	Douglas Listman, individually
	 	 
	 	/s/ Laura S. Kohn
	 	Laura S. Kohn, individually
	 	 
	 	/s/ Jan Rock Zubrow
	 	Jan Rock Zubrow, individually
	 	 
	 	/s/ Brittain Ezzes
	 	Brittain Ezzes, individually

 

[Signature Page to Letter Agreement]

 

 

9Exhibit 10.2

 

INVESTMENT MANAGEMENT TRUST AGREEMENT

 

This Investment Management
Trust Agreement (this “Agreement”) is made effective as of December 3, 2020 by and between FinTech Acquisition
Corp. V, a Delaware corporation (the “Company”), and Continental Stock Transfer & Trust Company,
a New York corporation (the “Trustee”).

 

WHEREAS, the Company’s
registration statement on Form S-1, No. 333-249646 (the “Registration Statement”) and related prospectus
(the “Prospectus”) for the initial public 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 (the “Common
Stock”), and one-third of one warrant, each whole warrant to purchase one share of Common Stock (such initial public
offering hereinafter referred to as the “Offering”), was declared effective by the U.S. Securities and
Exchange Commission on December 3, 2020; and

 

WHEREAS, the Company
has entered into an Underwriting Agreement (the “Underwriting Agreement”) with Cantor Fitzgerald &
Co. (the “Representative”) as representative of the several underwriters named therein (the “Underwriters”);
and

 

WHEREAS, as described
in the Registration Statement, $218,000,000 of the gross proceeds of the Offering and sale of the Private Placement Units (as defined
in the Underwriting Agreement) (or $250,700,000 if the Underwriters’ over-allotment option is exercised in full) will be
delivered to the Trustee to be deposited and held in a segregated trust account located in the United States (the “Trust
Account”) for the benefit of the Company and the holders of the Company’s 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 are referred herein to as the “Public Stockholders,” and the Public Stockholders
and the Company together are referred to herein as the “Beneficiaries”); and

 

WHEREAS, pursuant
to the Underwriting Agreement, $8,720,000, or up to $10,682,000 if the Underwriters’ over-allotment option is exercised in
full, of the Property is attributable to deferred underwriting discounts and commissions that may be payable by the Company to
the Representative upon 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 at
JPMorgan Chase Bank, N.A. (or at another U.S. chartered commercial bank with consolidated assets of $100 billion or more) 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;

 

(c) In a timely manner,
upon the written instruction of the Company, invest and reinvest the Property 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)(2), (d)(3), (d)(4) and (d)(5) of Rule 2a-7 promulgated under the Investment
Company Act of 1940, as amended, 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 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;

 

(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, President, Chief Financial
Officer or Chairman of the board of directors (the “Board”) or other authorized officer of the Company
(and in the case of Exhibit A, signed by the Representative), and complete the liquidation of the Trust Account and distribute
the Property in the Trust Account, including any amounts representing interest earned on the Trust Account, less interest previously
released to, or reserved for use by, the Company in an amount up to $100,000 to pay dissolution expenses (as applicable) and less
any other interest released to, or reserved for use by, the Company to pay franchise and income taxes as
provided in this Agreement only as directed in the Termination Letter and the other documents referred to therein, or (y)
December 8, 2022 (“Termination Date”), 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 any amounts representing interest earned on
the Trust Account, less interest previously released to, or reserved for use by, the Company in an amount up to $100,000 to pay
dissolution expenses (as applicable) and less any other interest released to, or reserved for use by, the Company to pay franchise
and income taxes, shall be distributed to the Public Stockholders of record as of such date. The Trustee agrees to serve as the
paying agent of record (“Paying Agent”) with respect to any distribution of Property that is to be made
to the Public Stockholders and, in its separate capacity as Paying Agent, agrees to distribute such Property directly to the Company’s
Public Stockholders in accordance with the terms of this Agreement and the Company’s Certificate of Incorporation in effect
at the time of such distribution;

 

(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 “Withdrawal Request”), withdraw from the Trust Account and distribute to the Company interest
in an amount up to $100,000 to pay dissolution expenses and any interest to cover any tax obligation owed by the Company as a result
of assets of the Company or any franchise or income taxes of the Company which amount shall be delivered directly to the Company
by electronic funds transfer or other method of prompt payment. Any Withdrawal Request for a distribution to pay a franchise tax
shall be accompanied by a copy of the franchise tax bill from the State of Delaware for the Company and a written statement from
the principal financial officer of the Company setting forth the actual amount payable. To the extent there is not sufficient cash
in the Trust Account to fulfill a Withdrawal Request, the Trustee shall liquidate such assets held in the Trust Account as shall
be designated by the Company in writing to make such distribution, so long as there is no reduction in the principal amount per
share initially deposited in the Trust Account. The Trustee acknowledges and agrees that no amount in excess of interest income
earned on the Property shall be payable from the Trust Account to the Company pursuant to this Section 1(j). A Withdrawal
Request shall constitute presumptive evidence that the Company is entitled to said funds, and the Trustee shall have no responsibility
to look beyond said request; and

 

    	 	2	 

     

    

 

(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, the Trustee shall distribute 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 amended and restated certificate of incorporation to modify the substance or timing of the Company’s
obligation to redeem 100% of its public shares of Common Stock if the Company has not consummated an initial Business Combination
within such time as is described in Section 1(i) of this Agreement or to allow redemption in connection with an initial
Business Combination. 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) through 1(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 of the Board, President, Chief Executive Officer or
Chief Financial Officer. 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 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), the Trustee 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 shall 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;

 

(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 the Business Combination is consummated. 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) 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 (a “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 Representative
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) 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; and

 

    	 	3	 

     

    

 

(g) Within four (4)
business days after the Underwriters exercise the over-allotment option (or any portion thereof) or such over-allotment expires,
provide the Trustee with a notice in writing of the total amount of the Deferred Discount due with respect to such exercise, which
shall be up to $10,535,000.

  

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;

 

(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, income 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)
and 1(k) hereof.

 

    	 	4	 

     

    

 

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, 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; or

 

(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) and distributed the Property in accordance with the provisions of the Termination Letter, this Agreement shall terminate
except as set forth in Section 2(b).

 

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 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, without giving effect to
conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. 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. Except for Section
1(i) hereof (which may not be modified, amended or deleted without the affirmative vote of sixty five percent (65%) of the
then outstanding shares of Common Stock; provided that an amendment to Section 1(i) shall also require the consent
of the Representative; provided, further that no such amendment will affect any Public Stockholder who has elected
to redeem shares of Common Stock in connection with a stockholder vote to amend this Agreement to extend the Termination Date,
and such amendment shall provide for redemption rights), 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) 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.

 

(e) 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 facsimile
or email transmission:

  

    	 	5	 

     

    

 

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

Fax No.: (212) 509-5150

 

if to the Company,
to:

 

FinTech Acquisition
Corp. V

2929 Arch Street,
Suite 1703

Philadelphia, PA
19104

Attn: James J. McEntee,
III

 

in each case, with
copies to:

 

Ledgewood, PC

2001 Market Street,
Suite 3400

Philadelphia, Pennsylvania
19103

Attn: Mark Rosenstein

Fax No.: (215) 735-2513

 

and

 

Cantor Fitzgerald
& Co.

110 East 59th Street

New York, New York
10022

Attn: General Counsel

 

and

 

Ellenoff Grossman
& Schole LLP

1345 Avenue of the
Americas

New York, NY 10105

Attn.: Stuart Neuhauser

 

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

 

(g) 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.

 

(h) 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.

 

(i) 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.

 

(j) Each of the Company
and the Trustee hereby acknowledges and agrees that Cantor Fitzgerald & Co., on behalf of the Underwriters, is a third party
beneficiary of this Agreement.

 

(k) 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] 

 

    	 	6	 

     

    

 

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:	/s/ Francis Wolf
	 	 	Name:  Francis Wolf
	 	 	Title: Vice President

	 	 	 
	 	FinTech Acquisition Corp. V 
	 	 	 
	 	By:	/s/ James J. McEntee, III
	 	 	Name: James J. McEntee, III
	 	 	Title:  President and Secretary

 

[Signature Page to the Investment Management
Trust Agreement] 

 

     

     

    

 

SCHEDULE A

 

	Fee Item	 	Time and method of payment	 	Amount	 
	Initial acceptance fee	 	Initial closing of IPO by wire transfer	 	$	3,500.00	 
	Annual fee	 	First year, initial closing of IPO by wire transfer; thereafter on the anniversary of the effective date of the IPO by wire transfer or check	 	$	10,000.00	 
	Transaction processing fee for disbursements to Company under Section 1	 	Billed to Company following disbursement made to Company under Section 1	 	$	250.00	 
	Paying Agent services as required pursuant to Section 1	 	Billed to Company upon delivery of service pursuant to Section 1	 	 	Prevailing rates	 

 

 

     

     

    

 

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

 

Gentlemen:

 

Pursuant to Section
1(i) of the Investment Management Trust Agreement between FinTech Acquisition Corp. V (the “Company”)
and Continental Stock Transfer & Trust Company (“Trustee”), dated as of [---------] (“Trust
Agreement”), this is to advise you that the Company has entered into an agreement with (“Target Business”)
to consummate a business combination with Target Business (“Business Combination”) on or about [insert
date]. The Company shall notify you at least seventy-two (72) hours in advance of the actual date of the consummation of the
Business Combination (“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 into the trust operating account at JPMorgan Chase Bank, N.A. so that, on the Consummation Date, all of 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. It is acknowledged and agreed that while the funds are on deposit in the trust operating account at JPMorgan
Chase Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends.

 

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 or President, 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 Representative with respect to the transfer of the funds held in the Trust Account, including
payment of the Deferred Discount 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 from 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 the notice as soon thereafter as possible.

 

	 	Very truly yours,
	 
	 	FinTech Acquisition Corp. V
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	AGREED TO AND	 
	ACKNOWLEDGED BY	 
	 	 
	CANTOR FITZGERALD & CO.	 
	 	 	 
	By:	                    	 

 

     

     

    

 

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

 

Gentlemen:

 

Pursuant to Section
1(i) of the Investment Management Trust Agreement between FinTech Acquisition Corp. V (“Company”)
and Continental Stock Transfer & Trust Company (“Trustee”), dated as of [----------] (“Trust
Agreement”), this is to advise you that [the Company’s board of director has approved and commenced with the
liquidation and dissolution of the Company] [the Company has been unable to effect a business combination with a Target Business
within the time frame specified in Section 1(i) of the Trust Agreement]. 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 on___________, 202_
and to transfer the total proceeds into the trust operating account at JPMorgan Chase Bank, N.A. to await distribution to the Public
Stockholders. The Company has selected [___], 202_, as the effective date for the purpose of determining when the Public Stockholders
will be entitled to receive their share of the liquidation proceeds. In your capacity as Paying Agent, we hereby direct you to
distribute said funds directly to the Company’s Public Stockholders in accordance with the terms of the Trust Agreement and
the Amended and Restated Certificate of Incorporation of the Company as in effect at the time of such distribution. Upon the distribution
of all funds in the Trust Account, your obligations under the Trust Agreement shall be terminated, except to the extent otherwise
provided in Section 1(j) of the Trust Agreement.

 

	 	Very truly yours,
	 
	 	FinTech Acquisition Corp. V 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

cc: Cantor Fitzgerald & Co.

 

     

     

    

 

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 - Withdrawal Instruction

Gentlemen:

 

Pursuant to Section
1(j) of the Investment Management Trust Agreement between FinTech Acquisition Corp. V (“Company”)
and Continental Stock Transfer & Trust Company (“Trustee”), dated as of [-----] (“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 connection with its dissolution
[upon the expiration of the 24 month period following completion of the Offering] [prior to Termination Date]]. 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,
	 
	 	FinTech Acquisition Corp. V
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

cc: Cantor Fitzgerald & Co.

 

     

     

    

 

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 & Celeste Gonzalez

 

		Re:	Trust
Account Stockholder Redemption Withdrawal Instruction

 

Ladies and Gentlemen:

 

Pursuant to Section 1(j) of the Investment
Management Trust Agreement between FinTech Acquisition Corp. V (“Company”) and Continental Stock Transfer
& Trust Company (“Trustee”), dated as of [--------] (“Trust Agreement”),
the Company hereby requests that you liquidate sufficient amounts from the trust account and deliver to the redeeming Public Stockholders
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 amended and restated certificate of incorporation to modify the
substance or timing of the Company’s obligation to redeem 100% of its public shares of Common Stock if the Company has not
consummated an initial Business Combination within such time as is described in Section 1(i) of the Trust Agreement. 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,
	 	 
	 	FinTech Acquisition Corp. V 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	cc: Cantor Fitzgerald & Co.

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