Document:

EX-10.2

 Exhibit 10.2 

Execution Version 

LOCK-UP AGREEMENT 

This Lock-Up Agreement (this “Agreement”) is made and entered into as of May 6, 2021, by and among Live Oak
Acquisition Corp. II, a Delaware corporation (“LOKB”), Navitas Semiconductor Limited, a private company limited by shares organized under the laws of Ireland (“Navitas Ireland”) and domesticated in the
State of Delaware as Navitas Semiconductor Ireland, LLC, a Delaware limited liability company (“Navitas Delaware” and, together with Navitas Ireland, the “Company”), and those equityholders of Navitas
Ireland and Navitas Delaware listed on the signature pages hereto (each, a “Lock-Up Party” and, collectively, the “Lock-Up
Parties”). Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms in the Business Combination Agreement (as defined below). 

RECITALS 
 WHEREAS, on the
date hereof, LOKB, Live Oak Merger Sub Inc., a Delaware corporation and a direct, wholly owned subsidiary of LOKB (“Merger Sub”), and the Company, entered into a Business Combination Agreement and Plan of Reorganization (the
“Business Combination Agreement”), pursuant to which, among other things, (i) LOKB will be obligated to commence a tender offer for the entire share capital of Navitas Ireland other than Navitas Ireland Restricted Shares
(the “Tender Offer”) and (ii) Merger Sub will merge with and into Navitas Delaware (the “Merger”), with Navitas Delaware surviving the merger as a wholly-owned subsidiary of LOKB, in each case,
upon the terms and subject to the conditions set forth in the Business Combination Agreement; 
 WHEREAS, each Lock-Up Party agrees to enter into this Agreement with respect to all Lock-Up Securities (as defined below) that such Lock-Up Party now
or hereafter Beneficially Owns or owns of record; 
 WHEREAS, each of LOKB, the Company and each
Lock-Up Party has determined that it is in its best interests to enter into this Agreement; and 

WHEREAS, each Lock-Up Party understands and acknowledges that LOKB and the Company are entering into
the Business Combination Agreement in reliance upon such Lock-Up Party’s execution and delivery of this Agreement. 

NOW, THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth below and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, do hereby agree as follows: 

1. Definitions. When used in this Agreement, the following terms in all of their tenses, cases and correlative forms shall have the meanings assigned to
them in this Section 1 or elsewhere in this Agreement. 

 “Affiliate” of a specified person means a Person who,
directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, such specified Person (provided that if a Lock-Up Party is a venture capital,
private equity or angel fund, no portfolio company of such Lock-Up Party will be deemed an Affiliate of such Lock-Up Party). 

“Beneficially Own” means, with regard to any securities, having “beneficial ownership” of such
securities for purposes of Rule 13d-3 or 13d-5 under the Exchange Act. Similar terms such as “Beneficial Ownership” and “Beneficial Owner” have the
corresponding meanings. 
 “Expiration Time” shall mean the earliest to occur of (a) the Closing Date,
(b) such date as the Business Combination Agreement shall be validly terminated in accordance with Article X thereof, and (c) the effective date of a written agreement of the parties hereto terminating this Agreement. 

“Family Member” means with respect to any individual, a spouse, lineal descendant (whether natural or adopted)
or spouse of a lineal descendant of such individual or any trust created for the benefit of such individual or of which any of the foregoing is a beneficiary. 

“Governmental Authority” means any United States federal, state, county, municipal or other local or non-United States government, governmental, regulatory or administrative authority, agency, instrumentality or commission or any court, tribunal, or judicial or arbitral body. 

“Law” means any applicable federal, national, state, county, municipal, provincial, local, foreign or
multinational statute, constitution, common law, ordinance, code, decree, order, judgment, rule, binding regulation, ruling or requirement issued, enacted, adopted, promulgated, implemented or otherwise put into effect by or under the authority of
any Governmental Authority. 
 “Lock-Up Securities” means any LOKB
Securities Beneficially Owned by a Lock-Up Party as of immediately following the Closing Date, other than (i) any security received pursuant to an incentive plan adopted by LOKB on or after the Closing
Date, or (ii) any LOKB Securities acquired in open market transactions. 
 “LOKB Common Stock” means
LOKB’s Class A common stock, par value $0.0001 per share. 
 “LOKB Securities” means (a) any
shares of LOKB Common Stock, (b) any shares of LOKB Common Stock issued or issuable upon the exercise of any warrant or other right to acquire shares of such LOKB Common Stock and (c) any equity securities of LOKB that may be issued or
distributed or be issuable with respect to the securities referred to in clauses (a) or (b) by way of conversion, dividend, stock split or other distribution, merger, consolidation, exchange, recapitalization or reclassification or similar
transaction. 

  
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 “Permitted Transferee” means with respect to any Person,
(a) any Family Member of such Person, (b) any Affiliate of such Person or to any investment fund or other entity controlled or managed by such Person, (c) any Affiliate of any Family Member of such Person, (d) if the undersigned
is a corporation, partnership, limited liability company or other business entity, its stockholders, partners, members or other equityholders, and (e) the Company or LOKB in connection with the repurchase of shares of LOKB Common Stock issued
pursuant to equity awards granted under a stock incentive plan or other equity award plan. 
 “Person” means
an individual, corporation, partnership, limited partnership, limited liability company, syndicate, person (including a “person” as defined in Section 13(d)(3) of the Exchange Act), trust, association or entity or government,
political subdivision, agency or instrumentality of a government. 
 “Transfer” means, excluding entry into
this Agreement and the Business Combination Agreement and the consummation of the transactions contemplated hereby and thereby, any (a) sale or assignment of, offer to sell, contract or agreement to sell, hypothecate or pledge, grant of any
option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of
Section 16 of the Exchange Act and the rules and regulations of the Securities and Exchange Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole
or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction
specified in clause (a) or (b). 
 2. Lock-Up. 

2.1 Lock-Up Period. With respect to each Lock-Up Party,
upon and subject to the Closing, the Lock-Up Securities of such Lock-Up Party shall be subject to restrictions on Transfer as set forth below: 

a. One third of the Lock-Up Securities of each Lock-Up Party
shall not be Transferred until the earlier of (i) one year after the Closing Date or (ii) if, subsequent to the Closing, the reported closing price of one share of LOKB Common Stock quoted on the New York Stock Exchange (or the
exchange on which the shares of LOKB Common Stock are then listed) equals or exceeds twelve dollars ($12.00) per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like occurring after the Closing Date)
for any twenty (20) Trading Days (as defined below) within any thirty (30) consecutive Trading Day period commencing at least one-hundred and fifty (150) days after the Closing Date (such
period, the “First Lock-Up Period); 
 b. One third of the Lock-Up Securities of each Lock-Up Party shall not be Transferred (i) until two years after the Closing Date or (ii) if, subsequent to the Closing, the
reported closing price of one share of LOKB Common Stock quoted on the New York Stock Exchange (or the exchange on which the shares of LOKB Common Stock are then listed) equals or exceeds seventeen dollars ($17.00) per share (as adjusted for stock
splits, stock dividends, reorganizations, recapitalizations and the like occurring after the Closing Date) for any twenty (20) Trading Days within any thirty (30) Trading Day period commencing at least
one-hundred and fifty (150) days after the Closing Date, then until one year after the Closing Date (such period, the “Second Lock-Up
Period”); 

  
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 c. One third of the Lock-Up Securities of each Lock-Up Party shall not be Transferred (i) until three years after the Closing Date or (ii) if, subsequent to the Closing, the reported closing price of one share of LOKB Common Stock quoted on the
New York Stock Exchange (or the exchange on which the shares of LOKB Common Stock are then listed) equals or exceeds twenty dollars ($20.00) per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like)
for any twenty (20) Trading Days within any thirty (30) Trading Day period commencing at least one-hundred and fifty (150) days after the Closing Date, then until two years after the
Closing Date (such period, the “Third Lock-Up Period” and, each of the First Lock-Up Period, the Second
Lock-Up Period and the Third Lock-Up Period, individually, a “Lock-Up Period”); 

provided, that the restrictions on Transfer in this Section 2.1 shall be of no further force and effect on the date on which
LOKB completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of LOKB’s stockholders having the right to exchange their shares of LOKB Common Stock for cash, securities or other
property. For purposes of this Section 2.1, “Trading Day” means a day on which shares of LOKB Common Stock are actually traded on the principal securities exchange or securities market on which
shares of LOKB Common Stock are then traded; provided, however, that if the LOKB Common Stock is not so listed or admitted for trading, Trading Day means a Business Day; provided further, that notwithstanding anything to the contrary herein,
LOKB may, with the prior consent of the Board of Directors of LOKB, waive the restrictions on Transfer in this Section 2.1 with respect to pledging of the Lock-Up Securities by the Lock-Up Parties in connection with obtaining a loan or other debt financing. 
 2.2 Permitted
Transfers. Notwithstanding anything to the contrary contained in this Agreement, during the applicable Lock-Up Period, each Lock-Up Party may Transfer, without the
consent of LOKB, any of such Lock-Up Party’s Lock-Up Securities (i) to any of such Lock-Up Party’s Permitted
Transferees, upon written notice to LOKB or (ii) (a) in the case of an individual, by virtue of laws of descent and distribution upon death of the individual; (b) in the case of an individual, pursuant to a qualified domestic
relations order; or (c) pursuant to any liquidation, merger, stock exchange or other similar transaction which results in all of LOKB’s stockholders having the right to exchange their LOKB Securities for cash, securities or other property
subsequent to the Merger; provided, that in connection with any Transfer of such Lock-Up Securities, the restrictions and obligations contained in Section 2.1 and this
Section 2.2 will continue to apply to such Lock-Up Securities after any Transfer of such Lock-Up Securities and such transferee shall execute a
lock-up agreement substantially in the form of this Agreement for the balance of the applicable Lock-Up Period. Notwithstanding the foregoing provisions of this
Section 2.2, a Lock-Up Party may (i) not make a Transfer to a Permitted Transferee if such Transfer has as a purpose the avoidance of or is otherwise undertaken in contemplation
of avoiding the restrictions on Transfers in this Agreement (it being understood that the purpose of this provision includes prohibiting the Transfer to a Permitted Transferee (A) that has been formed to facilitate a material change with
respect to who or which entities Beneficially Own the Lock-Up Securities, or (B) followed by a change in the relationship between the Lock-Up Party and the
Permitted Transferee (or a change of control of such Lock-Up Party or Permitted Transferee) after the Transfer with the result and effect that the Lock-Up Party has
indirectly made a Transfer of 

  
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Lock-Up Securities by using a Permitted Transferee, which Transfer would not have been directly permitted under this Article II had such change in such
relationship occurred prior to such Transfer), or (ii) enter into a written plan meeting the requirements of Rule 10b5-1 under the Exchange Act after the date of this Agreement relating to the sale of the
undersigned’s Lock-Up Securities, provided that (A) the securities subject to such plan may not be sold until after the expiration of the applicable
Lock-Up Period and (B) the Company shall not be required to effect, and the undersigned shall not effect or cause to be effected, any public filing, report or other public announcement regarding the
establishment of the trading plan. 
 3. Confidentiality. Until the Expiration Time, each Lock-Up Party will
and will direct its Affiliates to keep confidential and not disclose any non-public information relating to LOKB or the Company and their respective subsidiaries, including the existence or terms of, or
transactions contemplated by, this Agreement, the Business Combination Agreement or the other Transaction Documents, except to the extent that such information (i) was, is or becomes generally available to the public after the date hereof other
than as a result of a disclosure by such Lock-Up Party in breach of this Section 3, (ii) is, was or becomes available to such Lock-Up
Party on a non-confidential basis from a source other than LOKB or the Company, or (iii) is or was independently developed by such Lock-Up Party after the date
hereof. Notwithstanding the foregoing, such information may be disclosed to the extent required to be disclosed in a judicial or administrative proceeding, or otherwise required to be disclosed by applicable Law (including complying with any oral or
written questions, interrogatories, requests for information or documents, subpoena, civil investigative demand or similar process to which such disclosing party is subject), provided that such Lock-Up
Party gives LOKB or the Company, as applicable, prompt notice of such request(s) or requirement(s), to the extent practicable (and not prohibited by Law), so that LOKB or the Company may seek, at its expense, an appropriate protective order or
similar relief (and such Lock-Up Party shall reasonably cooperate with such efforts it being understood that such obligation to reasonably cooperate does not require a
Lock-Up Party to itself commence litigation regarding such protective order or similar relief). 
 4.
Representations and Warranties of the Lock-Up Parties. Each Lock-Up Party hereby represents and warrants, severally and not jointly, to the Company and LOKB as
follows: 
 4.1 Due Authority. Such Lock-Up Party has the full power and authority to execute
and deliver this Agreement and perform its obligations hereunder. If such Lock-Up Party is an individual, the signature to this agreement is genuine and such Lock-Up
Party has legal competence and capacity to execute the same. This Agreement has been duly and validly executed and delivered by such Lock-Up Party and, assuming due execution and delivery by the other parties
hereto, constitutes a legal, valid and binding obligation of such Lock-Up Party, enforceable against such Lock-Up Party in accordance with its terms, except as limited
by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, and by general equitable principles. 

  
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 4.2 No Conflict; Consents. 

(a) The execution and delivery of this Agreement by such Lock-Up Party does not, and
the performance by such Lock-Up Party of the obligations under this Agreement and the compliance by such Lock-Up Party with any provisions hereof do not and will not:
(i) conflict with or violate any Law applicable to such Lock-Up Party, (ii) if such Lock-Up Party is an entity, conflict with or violate the certificate of
incorporation or bylaws or any equivalent Organizational Documents of such Lock-Up Party, or (iii) result in any breach of, or constitute a default (or an event, which with notice or lapse of time or
both, would become a 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 the securities of the Company owned by such
Lock-Up Party pursuant to any note, bond, mortgage, indenture, contract, agreement, lease, license, permit, franchise or other instrument or obligation to which such
Lock-Up Party is a party or by which such Lock-Up Party is otherwise bound, except, in the case of clauses (i) and (iii), as would not reasonably be expected,
individually or in the aggregate, to materially impair the ability of such Lock-Up Party to perform its obligations hereunder or to consummate the transactions contemplated hereby. 

(b) The execution and delivery of this Agreement by such Lock-Up Party does not, and
the performance of this Agreement by such Lock-Up Party will not, require any consent, approval, authorization or permit of, or filing or notification to, or expiration of any waiting period by any
Governmental Authority, other than those set forth as conditions to closing in the Business Combination Agreement. 
 4.3 Absence of
Litigation. As of the date hereof, there is no litigation, suit, claim, charge, grievance, action, proceeding, audit or investigation by or before any Governmental Authority (an “Action”) pending against, or, to the
knowledge of such Lock-Up Party threatened against such Lock-Up Party that would reasonably be expected to materially impair the ability of such Lock-Up Party to perform its obligations hereunder or to consummate the transactions contemplated hereby. 

4.4 Absence of Conflicting Agreements. Such Lock-Up Party has not entered into any agreement,
arrangement or understanding that is otherwise materially inconsistent with, or would materially interfere with, or prohibit or prevent it from satisfying, its obligations pursuant to this Agreement. 

5. Fiduciary Duties. The covenants and agreements set forth herein shall not prevent any designee of any Lock-Up
Party from serving on the Board of Directors or as an officer of the Company or from taking any action, subject to the provisions of the Business Combination Agreement, while acting in such designee’s capacity as a director or officer of the
Company. Each Lock-Up Party is entering into this Agreement solely in its capacity as the anticipated owner of LOKB Securities following the consummation of the Tender Offer and the Merger. 

6. Termination. This Agreement shall terminate upon the earlier of: (i) termination of the Business Combination Agreement in accordance with its
terms; or (ii) completion or termination of all Lock-Up Periods as specified in Section 2.1. Upon termination of this Agreement, none of the parties hereto shall have any further
obligations or liabilities under this Agreement; provided, that nothing in this Section 6 shall relieve any party hereto of liability for any willful material breach of this Agreement prior to its termination. 

  
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 7. Miscellaneous. 

7.1 Severability. In the event that any term, provision, covenant or restriction of this Agreement, or the application thereof, is held
to be illegal, invalid or unenforceable under any present or future Law: (a) such provision will be fully severable; (b) this Agreement will be construed and enforced as if such illegal, invalid or unenforceable provision had never
comprised a part hereof; (c) the remaining provisions of this Agreement will remain in full force and effect and will not be affected by the illegal, invalid or unenforceable provision or by its severance herefrom; and (d) in lieu of such
illegal, invalid or unenforceable provision, there will be added automatically as a part of this Agreement a legal, valid and enforceable provision as similar in terms of such illegal, invalid or unenforceable provision as may be possible. 

7.2 Non-survival of Representations and Warranties. None of the representations or warranties in
this Agreement or in any schedule, instrument or other document delivered pursuant to this Agreement shall survive the Expiration Time. 

7.3 Assignment. Neither party hereto may assign, directly or indirectly, including, through any merger, acquisition, sale of all or
substantially all shares/assets or by operation of Law, either this Agreement or any of its rights, interests or obligations hereunder without the prior written approval of the other parties hereto, except with respect to a Transfer completed in
accordance with Section 2.2. Subject to the first sentence of this Section 7.3, this Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective
successors and permitted assigns. Any assignment in violation of this Section 7.3 shall be void ab initio. 
 7.4
Amendments and Modifications. This Agreement may be amended by the parties hereto at any time by execution of an instrument in writing signed by (a) LOKB, (b) the Company and (c) (i) if prior to the Closing Date, by Lock-Up Parties holding at least 60% of the issued and outstanding Navitas Delaware Common Shares (assuming the hypothetical conversion of all outstanding Navitas Delaware Preferred Shares) and at least 60% of the
issued and allotted Navitas Ireland Common Shares (assuming the hypothetical conversion of all allotted Navitas Ireland Preferred Shares), in each case then held by Lock-Up Parties, and (ii) if after the
Closing Date, by Lock-Up Parties holding at least 60% of the Lock-Up Securities (assuming the hypothetical exercise of all then-outstanding warrants and options that are
Lock-Up Securities) that are then subject to this Agreement. Any such amendment shall be binding on all the Lock-Up Parties, but in no event shall the obligation of any Lock-Up Parties hereunder be materially increased, except upon the written consent of such Lock-Up Parties. 

7.5 Governing Law; Waiver of Jury Trial; Specific Performance. 

(a) This Agreement and all Actions based upon, arising out of or related to this Agreement or the transactions contemplated
hereby shall be governed by, and construed in accordance with, the Laws of the State of Delaware. 

  
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 (b) All legal actions and proceedings arising out of or relating to this
Agreement shall be heard and determined exclusively in any Delaware Chancery Court; provided, that if jurisdiction is not then available in the Delaware Chancery Court, then any such legal Action may be brought in any federal court located in
the State of Delaware or any other Delaware state court. The parties hereto hereby (x) irrevocably submit to the exclusive jurisdiction of the aforesaid courts for themselves and with respect to their respective properties for the purpose of
any Action arising out of or relating to this Agreement brought by any party hereto, and (y) agree not to commence any Action relating thereto except in the courts described above in Delaware, other than with respect to any appellate court
thereof and other than Actions in any court of competent jurisdiction to enforce any judgment, decree or award rendered by any such court in Delaware as described herein. Each of the parties further agrees that notice as provided herein shall
constitute sufficient service of process and the parties further waive any argument that such service is insufficient. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by
Law. Each of the parties irrevocably and unconditionally waives, and agrees not to assert, by way of motion or as a defense, counterclaim or otherwise, in any Action arising out of or relating to this Agreement or the transactions contemplated
hereby, (i) any claim that it is not personally subject to the jurisdiction of the courts in Delaware as described herein for any reason, (ii) that it or its property is exempt or immune from jurisdiction of any such court or from any
legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) and (iii) that (A) the Action in any such court is
brought in an inconvenient forum, (B) the venue of such Action is improper or (C) this Agreement, or the subject matter hereof, may not be enforced in or by such courts. 

(c) Each Lock-Up Party and Navitas Ireland hereby irrevocably (i) appoints Navitas
Delaware (the “Process Agent”), and Navitas Delaware hereby accepts such appointment, to receive, for such Lock-Up Party or Navitas Ireland, as applicable, and on such Lock-Up Party’s or Navitas Ireland’s behalf, as applicable, service of process in any proceedings arising out of or relating to this Agreement or any other transactions contemplated by this Agreement or
the Business Combination Agreement and (ii) consents to receive notice of service of process through service on the Process Agent. If for any reason the Process Agent is prohibited by Law to act as such, each
Lock-Up Party and Navitas Ireland shall, within thirty (30) days, appoint a substitute Process Agent located in the State of Delaware and give notice of such appointment to LOKB. 

(d) Each of the parties hereby waives to the fullest extent permitted by applicable Law any right it may have to a trial by
jury with respect to any litigation directly or indirectly arising out of, under or in connection with this Agreement or the transactions contemplated hereby. Each of the parties (i) certifies that no representative, agent or attorney of any
other party has represented, expressly or otherwise, that such other party would not, in the event of litigation, seek to enforce that foregoing waiver and (ii) acknowledges that it and the others hereto have been induced to enter into this
Agreement by, among other things, the mutual waivers and certifications in this Section 7.5(d). 

  
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 (e) The parties agree that irreparable damage would occur if any provision
of this Agreement were not performed in accordance with the terms hereof, and, accordingly, that the parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement or to enforce specifically the performance of the
terms and provisions hereof in the Court of Chancery of the State of Delaware, County of Newcastle, or, if that court does not have jurisdiction, any court of the United States located in the State of Delaware without proof of actual damages or
otherwise, in addition to any other remedy to which they are entitled at Law or in equity as expressly permitted in this Agreement. Each of the parties hereby further waives (i) any defense in any action for specific performance that a remedy
at Law would be adequate and (ii) any requirement under any Law to post security or a bond as a prerequisite to obtaining equitable relief. 

7.6 Notices. All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and
shall be deemed to have been duly given upon receipt) by delivery in person, by email or by registered or certified mail (postage prepaid, return receipt requested) to the respective parties at the following addresses (or at such other address for a
party as shall be specified in a notice given in accordance with this Section 7.6: 
 (i) if to LOKB prior to the
Effective Time, to: 
 Live Oak Acquisition Corp. II 

40 S Main Street, Suite 2550 

Memphis, Tennessee 38103 

Attention: Rick Hendrix 
 Email:
rhendrix@liveoakmp.com 
 with a copy to: 

Vinson & Elkins L.L.P. 

1001 Fannin St. 
 Suite 2500 

Houston, TX 77002 
 Attention:
Sarah Morgan; John Kupiec 
 Email: smorgan@velaw.com; jkupiec@velaw.com 

(ii) if to the Company or LOKB following the Effective Time, to: 

Navitas Semiconductor Limited 
 22
Fitzwilliam Square South, Saint Peter’s 
 Dublin, D02 FH68, Republic of Ireland 

Attention: Gene Sheridan 
 Email:
gene.sheridan@navitassemi.com 
 with a copy to: 

DLA Piper LLP 
 555 Mission
Street, Suite 2400 
 San Francisco, CA 94105 

Attn: Jonathan Axelrad; Jeffrey C. Selman and John F. Maselli 

E-mail: Jonathan.Axelrad@us.dlapiper.com; 

Jeffrey.Selman@us.dlapiper.com and John.Maselli@us.dlapiper.com 

  
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 (iii) if to a Lock-Up Party, to the address for
notice set forth on such Lock-Up Party’s signature page to this Agreement. 
 7.7 Entire
Agreement; Third-Party Beneficiaries. This Agreement, together with the Business Combination Agreement and Transaction Documents, constitutes the entire agreement among the parties hereto with respect to the subject matter hereof and supersedes
all prior agreements and undertakings, both written and oral, among the parties hereto, or any of them, with respect to the subject matter hereof. This right Agreement shall be binding upon and inure solely to the benefit of each party, and nothing
in this Agreement, express or implied, is intended to or shall confer upon any other person any, benefit or remedy of any nature whatsoever under or by reason of this Agreement. 

7.8 Counterparts. This Agreement may be executed and delivered (including by facsimile or portable document format (pdf) transmission)
in one or more counterparts, and by the different parties in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. 

7.9 Effect of Headings. The descriptive headings contained in this Agreement are included for convenience of reference only and shall
not affect in any way the meaning or interpretation of this Agreement. 
 7.10 Legal Representation. Each of the parties hereto agrees
that it has been represented by independent counsel of its choice during the negotiation and execution of this Agreement and each party hereto and its counsel cooperated in the drafting and preparation of this Agreement and the documents referred to
herein and, therefore, waive the application of any Law, regulation, holding or rule of construction providing that ambiguities in an agreement or other document will be construed against the party hereto drafting such agreement or document. Each Lock-Up Party acknowledges that Vinson & Elkins L.L.P. is acting as counsel to LOKB and DLA Piper LLP is acting as counsel to the Company in connection with the Business Combination Agreement and the
transactions contemplated thereby, and that neither of such firms is acting as counsel to any Lock-Up Party. 

7.11 Expenses. All expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by the
party incurring such expenses, whether or not the Tender Offer, the Merger or any other Transaction is consummated. 
 7.12 Further
Assurances. At the request of LOKB or the Company, in the case of any Lock-Up Party, or at the request of the Lock-Up Parties, in the case of LOKB, and without
further consideration, each party shall execute and deliver or cause to be executed and delivered such additional documents and instruments and take such further action as may be reasonably necessary to consummate the transactions contemplated by
this Agreement. 
 7.13 Waiver. No failure or delay on the part of any party to exercise any power, right, privilege or remedy under
this Agreement shall operate as a waiver of such power, right, privilege or remedy; and no single or partial exercise of any such power, right, privilege or remedy shall preclude any other or further exercise thereof or of any other power, right,
privilege or remedy. No party shall be deemed to have waived any claim available to such party arising out of this Agreement, or any power, right, privilege or remedy under this Agreement, unless the waiver of such claim, power, right, privilege or
remedy is expressly set forth in a written instrument duly executed and delivered on behalf of such waiving party; and any such waiver shall not be applicable or have any effect except in the specific instance in which it is given. 

  
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 7.14 Several Liability. The liability of the
Lock-Up Parties hereunder is several (and not joint). Notwithstanding any other provision of this Agreement, in no event will any Lock-Up Party be liable for any other Lock-Up Party’s breach of such other Lock-Up Party’s representations, warranties, covenants, or agreements contained in this Agreement. 

7.15 No Recourse. Notwithstanding anything to the contrary contained herein or otherwise, but without limiting any provision in the
Business Combination Agreement, this Agreement may only be enforced against, and any claims or causes of action that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement or the
transactions contemplated hereby, may only be made against the entities and Persons that are expressly identified as parties to this Agreement in their capacities as such and no former, current or future stockholders, equity holders, controlling
persons, directors, officers, employees, general or limited partners, members, managers, agents or affiliates of any party hereto, or any former, current or future direct or indirect stockholder, equity holder, controlling person, director, officer,
employee, general or limited partner, member, manager, agent or affiliate of any of the foregoing (each, a “Non-Recourse Party”) shall have any liability for any obligations or
liabilities of the parties to this Agreement or for any claim (whether in tort, contract or otherwise) based on, in respect of, or by reason of, the transactions contemplated hereby or in respect of any oral representations made or alleged to be
made in connection herewith. Without limiting the rights of any party against the other parties hereto, in no event shall any party or any of its affiliates seek to enforce this Agreement against, make any claims for breach of this Agreement
against, or seek to recover monetary damages from, any Non-Recourse Party. 
 [Signature pages
follow.] 

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

			
	LIVE OAK ACQUISITION CORP. II, a Delaware corporation
		
	By:	 	 /s/ Gary Wunderlich

	Name:	 	Gary Wunderlich
	Title:	 	President

 Signature Page to Lock-Up Agreement – Management 

 
			
	NAVITAS SEMICONDUCTOR LIMITED, including as domesticated in the State of Delaware as Navitas Semiconductor Ireland, LLC
		
	By:	 	 /s/ Gene Sheridan

	Name:	 	Gene Sheridan
	Title:	 	CEO

 Signature Page to Lock-Up Agreement – Management 

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

			
	LOCK-UP PARTIES:
	
	 GENE SHERIDAN

		
	By:	 	 /s/ Gene Sheridan

  

			
	Address for Notice:
	
	 3215 Via La Selva

	
	 Palos Verdes Estates, CA 90245

 Signature Page to Lock-Up Agreement – Management 

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

			
	LOCK-UP PARTIES:
	
	 THE EUGENE AND MELISSA SHERIDAN TRUST

		
	By:	 	 /s/ Gene Sheridan

		 	Name: Gene Sheridan
		 	Title: Trustee

  

			
	Address for Notice:
	
	 3215 Via La Selva

	 Palos Verdes Estates, CA 90274

	 Phone: 310-918-0987

 Signature Page to Lock-Up Agreement – Management 

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

			
	LOCK-UP PARTIES:
	
	 DANIEL KINZER

		
	By:	 	 /s/ Daniel Kinzer

 Signature Page to Lock-Up Agreement – ManagementEX-10.3

 Exhibit 10.3 

Execution Version 

LOCK-UP AGREEMENT (VPs) 

This Lock-Up Agreement (this “Agreement”) is made and entered into as of
May 6, 2021, by and among Live Oak Acquisition Corp. II, a Delaware corporation (“LOKB”), Navitas Semiconductor Limited, a private company limited by shares organized under the laws of Ireland (“Navitas
Ireland”) and domesticated in the State of Delaware as Navitas Semiconductor Ireland, LLC, a Delaware limited liability company (“Navitas Delaware” and, together with Navitas Ireland, the
“Company”), and those equityholders of Navitas Ireland and Navitas Delaware listed on the signature pages hereto (each, a “Lock-Up Party” and, collectively, the
“Lock-Up Parties”). Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms in the Business Combination Agreement (as defined
below). 
 RECITALS 

WHEREAS, on the date hereof, LOKB, Live Oak Merger Sub Inc., a Delaware corporation and a direct, wholly owned subsidiary of LOKB
(“Merger Sub”), and the Company, entered into a Business Combination Agreement and Plan of Reorganization (the “Business Combination Agreement”), pursuant to which, among other things, (i) LOKB
will be obligated to commence a tender offer for the entire share capital of Navitas Ireland other than Navitas Ireland Restricted Shares (the “Tender Offer”) and (ii) Merger Sub will merge with and into Navitas Delaware
(the “Merger”), with Navitas Delaware surviving the merger as a wholly-owned subsidiary of LOKB, in each case, upon the terms and subject to the conditions set forth in the Business Combination Agreement; 

WHEREAS, each Lock-Up Party agrees to enter into this Agreement with respect to all Lock-Up Securities (as defined below) that such Lock-Up Party now or hereafter Beneficially Owns or owns of record; 

WHEREAS, each of LOKB, the Company and each Lock-Up Party has determined that it is in its best
interests to enter into this Agreement; and 
 WHEREAS, each Lock-Up Party understands and
acknowledges that LOKB and the Company are entering into the Business Combination Agreement in reliance upon such Lock-Up Party’s execution and delivery of this Agreement. 

NOW, THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth below and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, do hereby agree as follows: 

1. Definitions. When used in this Agreement, the following terms in all of their tenses, cases and correlative forms shall have the meanings assigned
to them in this Section 1 or elsewhere in this Agreement. 
 “Affiliate” of a
specified person means a Person who, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, such specified Person (provided that if a
Lock-Up Party is a venture capital, private equity or angel fund, no portfolio company of such Lock-Up Party will be deemed an Affiliate of such Lock-Up Party). 

 “Beneficially Own” means, with regard to any securities,
having “beneficial ownership” of such securities for purposes of Rule 13d-3 or 13d-5 under the Exchange Act. Similar terms such as “Beneficial
Ownership” and “Beneficial Owner” have the corresponding meanings. 
 “Excluded Lock-Up Securities” means, with respect to any Lock-Up Party, any shares of LOKB Common Stock issued to such Lock-Up Party
with respect to Navitas Delaware Common Shares or Navitas Ireland Common Shares acquired by such Lock-Up Party during 2021 through the date of this Agreement pursuant to the exercise of Navitas Delaware
Options or Navitas Ireland Options, respectively. 
 “Expiration Time” shall mean the earliest to occur of
(a) the Closing Date, (b) such date as the Business Combination Agreement shall be validly terminated in accordance with Article X thereof, and (c) the effective date of a written agreement of the parties hereto terminating this
Agreement. 
 “Family Member” means with respect to any individual, a spouse, lineal descendant (whether
natural or adopted) or spouse of a lineal descendant of such individual or any trust created for the benefit of such individual or of which any of the foregoing is a beneficiary. 

“Governmental Authority” means any United States federal, state, county, municipal or other local or non-United States government, governmental, regulatory or administrative authority, agency, instrumentality or commission or any court, tribunal, or judicial or arbitral body. 

“Law” means any applicable federal, national, state, county, municipal, provincial, local, foreign or
multinational statute, constitution, common law, ordinance, code, decree, order, judgment, rule, binding regulation, ruling or requirement issued, enacted, adopted, promulgated, implemented or otherwise put into effect by or under the authority of
any Governmental Authority. 
 “Lock-Up Securities” means any LOKB
Securities Beneficially Owned by a Lock-Up Party as of immediately following the Closing Date, other than (i) any security received pursuant to an incentive plan adopted by LOKB on or after the Closing
Date, or (ii) any LOKB Securities acquired in open market transactions. 
 “LOKB Common Stock” means
LOKB’s Class A common stock, par value $0.0001 per share. 
 “LOKB Securities” means (a) any
shares of LOKB Common Stock, (b) any shares of LOKB Common Stock issued or issuable upon the exercise of any warrant or other right to acquire shares of such LOKB Common Stock and (c) any equity securities of LOKB that may be issued or
distributed or be issuable with respect to the securities referred to in clauses (a) or (b) by way of conversion, dividend, stock split or other distribution, merger, consolidation, exchange, recapitalization or reclassification or similar
transaction. 

  
 2 

 “Permitted Transferee” means with respect to any Person,
(a) any Family Member of such Person, (b) any Affiliate of such Person or to any investment fund or other entity controlled or managed by such Person, (c) any Affiliate of any Family Member of such Person, (d) if the undersigned
is a corporation, partnership, limited liability company or other business entity, its stockholders, partners, members or other equityholders, and (e) the Company or LOKB in connection with the repurchase of shares of LOKB Common Stock issued
pursuant to equity awards granted under a stock incentive plan or other equity award plan. 
 “Person” means
an individual, corporation, partnership, limited partnership, limited liability company, syndicate, person (including a “person” as defined in Section 13(d)(3) of the Exchange Act), trust, association or entity or government,
political subdivision, agency or instrumentality of a government. 
 “Transfer” means, excluding entry into
this Agreement and the Business Combination Agreement and the consummation of the transactions contemplated hereby and thereby, any (a) sale or assignment of, offer to sell, contract or agreement to sell, hypothecate or pledge, grant of any
option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of
Section 16 of the Exchange Act and the rules and regulations of the Securities and Exchange Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole
or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction
specified in clause (a) or (b). 
 2. Lock-Up. 

2.1 Lock-Up Period. Each Lock-Up Party severally, and
not jointly, agrees with LOKB not to effect any Transfer, or make a public announcement of any intention to effect such Transfer, of any Lock-Up Securities Beneficially Owned or otherwise held by such Lock-Up Party until six (6) months after the Closing Date (the “Lock-Up Period”); provided, however, that such Lock-Up Party may Transfer up to fifty percent (50%) of any Excluded Lock-Up Securities during the ninety (90) calendar days immediately following the Closing Date. 

2.2 Permitted Transfers. Notwithstanding anything to the contrary contained in this Agreement, during the
Lock-Up Period, each Lock-Up Party may Transfer, without the consent of LOKB, any of such Lock-Up Party’s Lock-Up Securities (i) to any of such Lock-Up Party’s Permitted Transferees, upon written notice to LOKB or (ii) (a) in the case of an individual, by
virtue of laws of descent and distribution upon death of the individual; (b) in the case of an individual, pursuant to a qualified domestic relations order; or (c) pursuant to any liquidation, merger, stock exchange or other similar
transaction which results in all of LOKB’s stockholders having the right to exchange their LOKB Securities for cash, securities or other property 

  
 3 

 
subsequent to the Merger; provided, that in connection with any Transfer of such Lock-Up Securities, the restrictions and obligations contained in
Section 2.1 and this Section 2.2 will continue to apply to such Lock-Up Securities after any Transfer of such Lock-Up
Securities and such transferee shall execute a lock-up agreement substantially in the form of this Agreement for the balance of the Lock-Up Period. Notwithstanding the
foregoing provisions of this Section 2.2, a Lock-Up Party may (i) not make a Transfer to a Permitted Transferee if such Transfer has as a purpose the avoidance of or is otherwise
undertaken in contemplation of avoiding the restrictions on Transfers in this Agreement (it being understood that the purpose of this provision includes prohibiting the Transfer to a Permitted Transferee (A) that has been formed to facilitate a
material change with respect to who or which entities Beneficially Own the Lock-Up Securities, or (B) followed by a change in the relationship between the Lock-Up
Party and the Permitted Transferee (or a change of control of such Lock-Up Party or Permitted Transferee) after the Transfer with the result and effect that the Lock-Up
Party has indirectly made a Transfer of Lock-Up Securities by using a Permitted Transferee, which Transfer would not have been directly permitted under this Article II had such change in such relationship
occurred prior to such Transfer), or (ii) enter into a written plan meeting the requirements of Rule 10b5-1 under the Exchange Act after the date of this Agreement relating to the sale of the
undersigned’s Lock-Up Securities, provided that (A) the securities subject to such plan may not be sold until after the expiration of the Lock-Up Period
and (B) the Company shall not be required to effect, and the undersigned shall not effect or cause to be effected, any public filing, report or other public announcement regarding the establishment of the trading plan. 

3. Confidentiality. Until the Expiration Time, each Lock-Up Party will and will direct its Affiliates to keep
confidential and not disclose any non-public information relating to LOKB or the Company and their respective subsidiaries, including the existence or terms of, or transactions contemplated by, this Agreement,
the Business Combination Agreement or the other Transaction Documents, except to the extent that such information (i) was, is or becomes generally available to the public after the date hereof other than as a result of a disclosure by such Lock-Up Party in breach of this Section 3, (ii) is, was or becomes available to such Lock-Up Party on a
non-confidential basis from a source other than LOKB or the Company, or (iii) is or was independently developed by such Lock-Up Party after the date hereof.
Notwithstanding the foregoing, such information may be disclosed to the extent required to be disclosed in a judicial or administrative proceeding, or otherwise required to be disclosed by applicable Law (including complying with any oral or written
questions, interrogatories, requests for information or documents, subpoena, civil investigative demand or similar process to which such disclosing party is subject), provided that such Lock-Up Party
gives LOKB or the Company, as applicable, prompt notice of such request(s) or requirement(s), to the extent practicable (and not prohibited by Law), so that LOKB or the Company may seek, at its expense, an appropriate protective order or similar
relief (and such Lock-Up Party shall reasonably cooperate with such efforts it being understood that such obligation to reasonably cooperate does not require a Lock-Up
Party to itself commence litigation regarding such protective order or similar relief). 

  
 4 

 4. Representations and Warranties of the Lock-Up Parties.
Each Lock-Up Party hereby represents and warrants, severally and not jointly, to the Company and LOKB as follows: 

4.1 Due Authority. Such Lock-Up Party has the full power and authority to execute and deliver
this Agreement and perform its obligations hereunder. If such Lock-Up Party is an individual, the signature to this agreement is genuine and such Lock-Up Party has legal
competence and capacity to execute the same. This Agreement has been duly and validly executed and delivered by such Lock-Up Party and, assuming due execution and delivery by the other parties hereto,
constitutes a legal, valid and binding obligation of such Lock-Up Party, enforceable against such Lock-Up Party in accordance with its terms, except as limited by
applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, and by general equitable principles. 

4.2 No Conflict; Consents. 

(a) The execution and delivery of this Agreement by such Lock-Up Party does not, and
the performance by such Lock-Up Party of the obligations under this Agreement and the compliance by such Lock-Up Party with any provisions hereof do not and will not:
(i) conflict with or violate any Law applicable to such Lock-Up Party, (ii) if such Lock-Up Party is an entity, conflict with or violate the certificate of
incorporation or bylaws or any equivalent Organizational Documents of such Lock-Up Party, or (iii) result in any breach of, or constitute a default (or an event, which with notice or lapse of time or
both, would become a 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 the securities of the Company owned by such
Lock-Up Party pursuant to any note, bond, mortgage, indenture, contract, agreement, lease, license, permit, franchise or other instrument or obligation to which such
Lock-Up Party is a party or by which such Lock-Up Party is otherwise bound, except, in the case of clauses (i) and (iii), as would not reasonably be expected,
individually or in the aggregate, to materially impair the ability of such Lock-Up Party to perform its obligations hereunder or to consummate the transactions contemplated hereby. 

(b) The execution and delivery of this Agreement by such Lock-Up Party does not, and
the performance of this Agreement by such Lock-Up Party will not, require any consent, approval, authorization or permit of, or filing or notification to, or expiration of any waiting period by any
Governmental Authority, other than those set forth as conditions to closing in the Business Combination Agreement. 
 4.3 Absence of
Litigation. As of the date hereof, there is no litigation, suit, claim, charge, grievance, action, proceeding, audit or investigation by or before any Governmental Authority (an “Action”) pending against, or, to the
knowledge of such Lock-Up Party threatened against such Lock-Up Party that would reasonably be expected to materially impair the ability of such Lock-Up Party to perform its obligations hereunder or to consummate the transactions contemplated hereby. 

4.4 Absence of Conflicting Agreements. Such Lock-Up Party has not entered into any agreement,
arrangement or understanding that is otherwise materially inconsistent with, or would materially interfere with, or prohibit or prevent it from satisfying, its obligations pursuant to this Agreement. 

  
 5 

 5. Fiduciary Duties. The covenants and agreements set forth herein shall not prevent any designee of
any Lock-Up Party from serving on the Board of Directors or as an officer of the Company or from taking any action, subject to the provisions of the Business Combination Agreement, while acting in such
designee’s capacity as a director or officer of the Company. Each Lock-Up Party is entering into this Agreement solely in its capacity as the anticipated owner of LOKB Securities following the
consummation of the Tender Offer and the Merger. 
 6. Termination. This Agreement shall terminate upon the earlier of: (i) termination of the
Business Combination Agreement in accordance with its terms; or (ii) completion or termination of the Lock-Up Period as specified in Section 2.1. Upon termination of this
Agreement, none of the parties hereto shall have any further obligations or liabilities under this Agreement; provided, that nothing in this Section 6 shall relieve any party hereto of liability for any willful
material breach of this Agreement prior to its termination. 
 7. Miscellaneous. 

7.1 Severability. In the event that any term, provision, covenant or restriction of this Agreement, or the application thereof, is held
to be illegal, invalid or unenforceable under any present or future Law: (a) such provision will be fully severable; (b) this Agreement will be construed and enforced as if such illegal, invalid or unenforceable provision had never
comprised a part hereof; (c) the remaining provisions of this Agreement will remain in full force and effect and will not be affected by the illegal, invalid or unenforceable provision or by its severance herefrom; and (d) in lieu of such
illegal, invalid or unenforceable provision, there will be added automatically as a part of this Agreement a legal, valid and enforceable provision as similar in terms of such illegal, invalid or unenforceable provision as may be possible. 

7.2 Non-survival of Representations and Warranties. None of the representations or warranties in
this Agreement or in any schedule, instrument or other document delivered pursuant to this Agreement shall survive the Expiration Time. 

7.3 Assignment. Neither party hereto may assign, directly or indirectly, including, through any merger, acquisition, sale of all or
substantially all shares/assets or by operation of Law, either this Agreement or any of its rights, interests or obligations hereunder without the prior written approval of the other parties hereto, except with respect to a Transfer completed in
accordance with Section 2.2. Subject to the first sentence of this Section 7.3, this Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective
successors and permitted assigns. Any assignment in violation of this Section 7.3 shall be void ab initio. 
 7.4
Amendments and Modifications. This Agreement may be amended by the parties hereto at any time by execution of an instrument in writing signed by (a) LOKB, (b) the Company and (c) (i) if prior to the Closing Date, by Lock-Up Parties holding at least 60% of the issued and outstanding Navitas Delaware Common Shares (assuming the hypothetical conversion of all outstanding Navitas Delaware Preferred Shares) and at least 60% of the
issued and allotted Navitas Ireland Common Shares (assuming the hypothetical conversion of all allotted Navitas Ireland Preferred Shares), in each case then held by Lock-Up Parties, and (ii) if after the
Closing Date, by Lock-Up Parties holding at least 60% of the Lock-Up Securities (assuming the hypothetical exercise of all then-outstanding warrants and options that are
Lock-Up Securities) that are then subject to this Agreement. Any such amendment shall be binding on all the Lock-Up Parties, but in no event shall the obligation of any Lock-Up Parties hereunder be materially increased, except upon the written consent of such Lock-Up Parties. 

  
 6 

 7.5 Governing Law; Waiver of Jury Trial; Specific Performance. 

(a) This Agreement and all Actions based upon, arising out of or related to this Agreement or the transactions contemplated
hereby shall be governed by, and construed in accordance with, the Laws of the State of Delaware. 
 (b) All legal actions
and proceedings arising out of or relating to this Agreement shall be heard and determined exclusively in any Delaware Chancery Court; provided, that if jurisdiction is not then available in the Delaware Chancery Court, then any such legal
Action may be brought in any federal court located in the State of Delaware or any other Delaware state court. The parties hereto hereby (x) irrevocably submit to the exclusive jurisdiction of the aforesaid courts for themselves and with
respect to their respective properties for the purpose of any Action arising out of or relating to this Agreement brought by any party hereto, and (y) agree not to commence any Action relating thereto except in the courts described above in
Delaware, other than with respect to any appellate court thereof and other than Actions in any court of competent jurisdiction to enforce any judgment, decree or award rendered by any such court in Delaware as described herein. Each of the parties
further agrees that notice as provided herein shall constitute sufficient service of process and the parties further waive any argument that such service is insufficient. Nothing in this Agreement will affect the right of any party to this Agreement
to serve process in any other manner permitted by Law. Each of the parties irrevocably and unconditionally waives, and agrees not to assert, by way of motion or as a defense, counterclaim or otherwise, in any Action arising out of or relating to
this Agreement or the transactions contemplated hereby, (i) any claim that it is not personally subject to the jurisdiction of the courts in Delaware as described herein for any reason, (ii) that it or its property is exempt or immune from
jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) and (iii) that
(A) the Action in any such court is brought in an inconvenient forum, (B) the venue of such Action is improper or (C) this Agreement, or the subject matter hereof, may not be enforced in or by such courts. 

(c) Each Lock-Up Party and Navitas Ireland hereby irrevocably (i) appoints Navitas
Delaware (the “Process Agent”), and Navitas Delaware hereby accepts such appointment, to receive, for such Lock-Up Party or Navitas Ireland, as applicable, and on such Lock-Up Party’s or Navitas Ireland’s behalf, as applicable, service of process in any proceedings arising out of or relating to this Agreement or any other transactions contemplated by this Agreement or
the Business Combination Agreement and (ii) consents to receive notice of service of process through service on the Process Agent. If for any reason the Process Agent is prohibited by Law to act as such, each
Lock-Up Party and Navitas Ireland shall, within thirty (30) days, appoint a substitute Process Agent located in the State of Delaware and give notice of such appointment to LOKB. 

  
 7 

 (d) Each of the parties hereby waives to the fullest extent permitted by
applicable Law any right it may have to a trial by jury with respect to any litigation directly or indirectly arising out of, under or in connection with this Agreement or the transactions contemplated hereby. Each of the parties (i) certifies
that no representative, agent or attorney of any other party has represented, expressly or otherwise, that such other party would not, in the event of litigation, seek to enforce that foregoing waiver and (ii) acknowledges that it and the
others hereto have been induced to enter into this Agreement by, among other things, the mutual waivers and certifications in this Section 7.5(d). 

(e) The parties agree that irreparable damage would occur if any provision of this Agreement were not performed in accordance
with the terms hereof, and, accordingly, that the parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement or to enforce specifically the performance of the terms and provisions hereof in the Court of Chancery
of the State of Delaware, County of Newcastle, or, if that court does not have jurisdiction, any court of the United States located in the State of Delaware without proof of actual damages or otherwise, in addition to any other remedy to which they
are entitled at Law or in equity as expressly permitted in this Agreement. Each of the parties hereby further waives (i) any defense in any action for specific performance that a remedy at Law would be adequate and (ii) any requirement
under any Law to post security or a bond as a prerequisite to obtaining equitable relief. 
 7.6 Notices. All notices, requests,
claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed to have been duly given upon receipt) by delivery in person, by email or by registered or certified mail (postage prepaid, return receipt
requested) to the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this Section 7.6: 

 

	 	(i)	 if to LOKB prior to the Effective Time, to: 

Live Oak Acquisition Corp. II 

40 S Main Street, Suite 2550 

Memphis, Tennessee 38103 

Attention: Rick Hendrix 
 Email:
rhendrix@liveoakmp.com 
 with a copy to: 

Vinson & Elkins L.L.P. 

1001 Fannin St. 
 Suite 2500

 Houston, TX 77002 

Attention: Sarah Morgan; John Kupiec 

Email: smorgan@velaw.com; jkupiec@velaw.com 

  
 8 

	 	(ii)	 if to the Company or LOKB following the Effective Time, to: 

Navitas Semiconductor Limited 

22 Fitzwilliam Square South, Saint Peter’s 

Dublin, D02 FH68, Republic of Ireland 

Attention: Gene Sheridan 

Email: gene.sheridan@navitassemi.com 

with a copy to: 

DLA Piper LLP 
 555 Mission
Street, Suite 2400 
 San Francisco, CA 94105 

Attn: Jonathan Axelrad; Jeffrey C. Selman and John F. Maselli 

E-mail: Jonathan.Axelrad@us.dlapiper.com; 

Jeffrey.Selman@us.dlapiper.com and John.Maselli@us.dlapiper.com 
  

	 	(iii)	 if to a Lock-Up Party, to the address for notice set forth on such Lock-Up Party’s signature page to this Agreement. 

 7.7 Entire Agreement;
Third-Party Beneficiaries. This Agreement, together with the Business Combination Agreement and Transaction Documents, constitutes the entire agreement among the parties hereto with respect to the subject matter hereof and supersedes all prior
agreements and undertakings, both written and oral, among the parties hereto, or any of them, with respect to the subject matter hereof. This right Agreement shall be binding upon and inure solely to the benefit of each party, and nothing in this
Agreement, express or implied, is intended to or shall confer upon any other person any, benefit or remedy of any nature whatsoever under or by reason of this Agreement. 

7.8 Counterparts. This Agreement may be executed and delivered (including by facsimile or portable document format (pdf) transmission)
in one or more counterparts, and by the different parties in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. 

7.9 Effect of Headings. The descriptive headings contained in this Agreement are included for convenience of reference only and shall
not affect in any way the meaning or interpretation of this Agreement. 
 7.10 Legal Representation. Each of the parties hereto agrees
that it has been represented by independent counsel of its choice during the negotiation and execution of this Agreement and each party hereto and its counsel cooperated in the drafting and preparation of this Agreement and the documents referred to
herein and, therefore, waive the application of any Law, regulation, holding or rule of construction providing that ambiguities in an agreement or other document will be construed against the party hereto drafting such agreement or document. Each Lock-Up Party acknowledges that Vinson & Elkins L.L.P. is acting as counsel to LOKB and DLA Piper LLP is acting as counsel to the Company in connection with the Business Combination Agreement and the
transactions contemplated thereby, and that neither of such firms is acting as counsel to any Lock-Up Party. 

  
 9 

 7.11 Expenses. All expenses incurred in connection with this Agreement and the
transactions contemplated hereby shall be paid by the party incurring such expenses, whether or not the Tender Offer, the Merger or any other Transaction is consummated. 

7.12 Further Assurances. At the request of LOKB or the Company, in the case of any Lock-Up
Party, or at the request of the Lock-Up Parties, in the case of LOKB, and without further consideration, each party shall execute and deliver or cause to be executed and delivered such additional documents and
instruments and take such further action as may be reasonably necessary to consummate the transactions contemplated by this Agreement. 

7.13 Waiver. No failure or delay on the part of any party to exercise any power, right, privilege or remedy under this Agreement shall
operate as a waiver of such power, right, privilege or remedy; and no single or partial exercise of any such power, right, privilege or remedy shall preclude any other or further exercise thereof or of any other power, right, privilege or remedy. No
party shall be deemed to have waived any claim available to such party arising out of this Agreement, or any power, right, privilege or remedy under this Agreement, unless the waiver of such claim, power, right, privilege or remedy is expressly set
forth in a written instrument duly executed and delivered on behalf of such waiving party; and any such waiver shall not be applicable or have any effect except in the specific instance in which it is given. 

7.14 Several Liability. The liability of the Lock-Up Parties hereunder is several (and not
joint). Notwithstanding any other provision of this Agreement, in no event will any Lock-Up Party be liable for any other Lock-Up Party’s breach of such other Lock-Up Party’s representations, warranties, covenants, or agreements contained in this Agreement. 

7.15 No Recourse. Notwithstanding anything to the contrary contained herein or otherwise, but without limiting any provision in the
Business Combination Agreement, this Agreement may only be enforced against, and any claims or causes of action that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement or the
transactions contemplated hereby, may only be made against the entities and Persons that are expressly identified as parties to this Agreement in their capacities as such and no former, current or future stockholders, equity holders, controlling
persons, directors, officers, employees, general or limited partners, members, managers, agents or affiliates of any party hereto, or any former, current or future direct or indirect stockholder, equity holder, controlling person, director, officer,
employee, general or limited partner, member, manager, agent or affiliate of any of the foregoing (each, a “Non-Recourse Party”) shall have any liability for any obligations or
liabilities of the parties to this Agreement or for any claim (whether in tort, contract or otherwise) based on, in respect of, or by reason of, the transactions contemplated hereby or in respect of any oral representations made or alleged to be
made in connection herewith. Without limiting the rights of any party against the other parties hereto, in no event shall any party or any of its affiliates seek to enforce this Agreement against, make any claims for breach of this Agreement
against, or seek to recover monetary damages from, any Non-Recourse Party. 
 [Signature pages
follow.] 

  
 10 

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

			
	LIVE OAK ACQUISITION CORP. II, a Delaware corporation
		
	By:	 	 /s/ Gary Wunderlich

	Name:	 	Gary Wunderlich
	Title:	 	President

 Signature Page to Lock-Up Agreement (VPs) 

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

			
	NAVITAS SEMICONDUCTOR LIMITED, including as domesticated in the State of Delaware as Navitas Semiconductor Ireland, LLC
		
	By:	 	 /s/ Gene Sheridan

	Name:	 	Gene Sheridan
	Title:	 	CEO

 Signature Page to Lock-Up Agreement (VPs) 

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

			
	LOCK UP PARTIES
	
	ANTHONY SCHIRO
		
	By:	 	 /s/ Anthony Schiro

 Signature Page to Lock-Up Agreement (VPs) 

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

			
	LOCK UP PARTIES
	
	CHARLES ZHA
		
	By:	 	 /s/ Charles Zha

 Signature Page to Lock-Up Agreement (VPs) 

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

			
	LOCK UP PARTIES
	
	DAVID CARROLL
		
	By:	 	 /s/ David Carroll

 Signature Page to Lock-Up Agreement (VPs) 

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

			
	LOCK UP PARTIES
	
	JASON ZHANG
		
	By:	 	 /s/ Jason Zhang

 Signature Page to Lock-Up Agreement (VPs) 

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

			
	LOCK UP PARTIES
	
	MARCO GIANDALIA
		
	By:	 	 /s/ Marco Giandalia

 Signature Page to Lock-Up Agreement (VPs) 

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

			
	LOCK UP PARTIES
	
	NICK FICHTENBAUM
		
	By:	 	 /s/ Nicholas Fichtenbaum

 Signature Page to Lock-Up Agreement (VPs) 

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

			
	LOCK UP PARTIES
	
	TODD GLICKMAN
		
	By:	 	 /s/ Todd Glickman

 Signature Page to Lock-Up Agreement (VPs) 

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

			
	LOCK UP PARTIES
	
	STEPHEN OLIVER
		
	By:	 	 /s/ Stephen Oliver

 Signature Page to Lock-Up Agreement (VPs)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00327-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00327-of-00352.parquet"}]]