Document:

Exhibit 10.2

 

January
19, 2017

 

FinTech
Acquisition Corp. II

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. II, a Delaware corporation (the “Company”), and Cantor Fitzgerald & Co. (“Cantor
Fitzgerald”), as the representative of the underwriters (the “Underwriters”), relating
to an underwritten initial public offering (the “Offering”), of up to 17,595,000 of the Company’s
units (the “Units”), each comprised of one share of the Company’s common stock, par value $0.001
per share (the “Common Stock”), and one-half of a 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”) 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, 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 $500,000 for working capital expenses, 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 that would affect 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, 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 interest previously
released to, or reserved for use by, the Company in an amount up to $500,000 for working capital 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 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 that would affect the substance or timing of the Company’s obligation to redeem
100% of the Offering Shares as described above. 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 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; 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 their over-allotment option to purchase an additional 2,295,000 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 760,000 by a fraction: (i) the numerator of which is 2,295,000 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 2,295,000. 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) with respect to 20%
of such shares, until consummation of the Company’s initial Business Combination, (y) with respect to 20% 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 its initial Business Combination, (z) with respect to 20% 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 its initial Business
Combination, (xx) with respect to 20% of such shares, when the closing price of the Common Stock exceeds $15.00 for any 20 trading
days within a 30-trading day period following the consummation of its initial Business Combination and (yy) with respect to 20%
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 its initial Business Combination or earlier, in any case, if, following the initial Business Combination,
the Company engages in a subsequent transaction (i) resulting in all of the Company’s stockholders having the right to exchange
their Common Stock for cash or other securities, or (ii) involving a consolidation, merger or other similar transaction in which
the Company is the surviving entity that results in the directors and officers of the Company ceasing to comprise a majority of
the Board (in the case of directors) or management (in the case of officers) of the surviving entity (such applicable period being
the “Founder Lock-Up Period”). For the avoidance of doubt, the satisfaction of any of the conditions
of clauses (z), (xx) and (yy) shall permit the termination of the transfer prohibition with respect to all Founder Shares included
within that pricing level or any lower pricing level. 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).

 

    	 	2	 

     

    

 

(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, the Initial Holders, or Cantor Fitzgerald,
or Cantor Fitzgerald’s officers, directors, or direct or indirect equityholders, (b) to an affiliate or immediate family
member of any of the Company’s officers, directors, Initial Holders, and Cantor Fitzgerald, (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, members of the Sponsor, or any officers, directors, or direct or indirect equityholders of Cantor
Fitzgerald, (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, or the organizational documents of Cantor Fitzgerald upon dissolution of Cantor
Fitzgerald (i) subsequent to the Company’s consummation of its initial Business Combination, in the event of 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 or (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 the directors and officers of the Company ceasing to comprise a majority of the Board
(in the case of directors) or management (in the case of officers) of the surviving entity (each, a “Permitted Transferee”);
provided, however, that, in the case of subclauses (a) through (f) and (h), 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 of Nantahala Capital Partners Limited Partnership,
Nantahala Capital Partners II Limited Partnership, Blackwell Partners LLC-Series A or Silver Creek CS SAV, L.L.C. (each a “Nantahala
Entity”) shall be deemed an affiliate of such Nantahala Entity, and a managed account managed by the same investment manager
of any of AG Oncon, LLC, AG Ofcon, Ltd., AG Mortgage Value Partners Master Fund, l.P., AG TCDRS, L.P. and AG Pisgah RMBS LLC)
(each an “Angelo Gordon Entity”) shall be deemed an affiliate of such Angelo Gordon Entity.

 

    	 	3	 

     

    

 

(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.

 

(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, Daniel G. Cohen
(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
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.

 

    	 	4	 

     

    

 

(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 amounts up to $500,000 for working capital
expense and 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 Sponsor have each consented in writing
to dispense with such waiver with respect to such services, product, discussions or acquisition agreement, in each case with the
written consent of the Indemnitor as part of the consent of the Board. 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).

 

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 her, 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 prior to completion of the Offering in connection with organizational expenses
and the preparation, filing and consummation of the Offering;

 

    	 	5	 

     

    

 

(b)
repayment of the up to $1,100,000 in incremental loans that the Sponsor has committed to make to finance transaction costs in
connection with an intended initial Business Combination; provided, that, if the Company does not consummate a Business Combination,
amounts representing interest earned on the Trust Account may be used by the Company to repay such loaned amounts up to $500,000
for working capital expenses and 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

 

(c)
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.

 

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 officer and director of the Company acknowledges and agrees that the Company will not consummate any Business Combination
with any company or involving any assets with which or about which an officer or director has had any discussions in such person’s
capacity as an officer or director of the Company, formal or otherwise, prior to the consummation of the Offering, with respect
to a Business Combination. Until the earlier of (i) the entry into a definitive agreement by the Company for a Business Combination;
(ii) the liquidation of the Company; (iii) the termination of such person as an officer or director of the Company or (iv) the
date that is 24 months after the completion of the IPO, each officer and director of the Company agrees not to become affiliated
as an officer or director of a blank check company similar to the Company.

 

14.
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 Cantor Fitzgerald that
the Business Combination is fair to the Company’s stockholders from a financial perspective.

 

15.
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.

 

    	 	6	 

     

    

 

16.
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 6,000,000 shares of Common Stock 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 Daniel G. Cohen, Betsy Z. Cohen, DGC Family FinTech Trust, Swarthmore Trust
of 2016, Shami Patel, Jeremy Kuiper and the Sponsor; (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 210,000 shares of the Common Stock that are included in the Placement Units; (vi) “Placement
Units” shall mean the aggregate of 420,000 Units of the Company (each Placement Unit consists of one Placement Warrant
and one Placement Share) sold in the Private Placement to the Sponsor and Cantor Fitzgerald for an aggregate purchase price of
$4,200,000; (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 420,000 Placement Units to FinTech
Investor Holdings II, LLC, a Delaware limited liability company (the “Sponsor”) and Cantor; (x) “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 (except for Cantor Fitzgerald) and each officer and director
of the Company; and (y) references to completion of the Offering shall exclude any exercise of the Underwriters’ over-allotment
option.

 

17.
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.

 

18.
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.

 

19.
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.

 

20.
Any notice, consent or request to be given in connection with any of the terms or provisions of this Letter Agreement shall
be in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested),
by hand delivery, electronic or facsimile transmission.

 

21.
This Letter Agreement shall terminate in the event that the Offering is not completed by April 30, 2017; and, provided, further,
that paragraph 5 of this Letter Agreement shall survive any liquidation of the Company.

 

[Signature
page follows]

 

    	 	7	 

     

    

 

	 	Sincerely,
	 	 
	 	FINTECH
        ACQUISITION CORP II.

        a
        Delaware corporation

         

	 	By:	/s/
    James J. McEntee, III
	 	Name:	James
    J. McEntee, III
	 	Title:	President
    and Chief Financial Officer 

 

	 	FINTECH
        INVESTOR HOLDINGS II, LLC

        a
        Delaware limited liability company

 

	 	By:	/s/
    Daniel G. Cohen
	 	Name:	Daniel
    G. Cohen
	 	Title:	Manager

 

	 	DGC
        FAMILY FINTECH TRUST

        a
        Delaware trust

         

	 	By:	/s/
    Daniel G. Cohen
	 	Name:	Daniel
    G. Cohen
	 	Title:	Trustee

 

	 	SWARTHMORE
        TRUST OF 2016

        a
        Pennsylvania trust

         

	 	By:	/s/
Richard Maiocco
	 	Name:	Richard
    Maiocco
	 	Title:	Trustee

 

[Signature
Page to Letter Agreement]

 

    	 		 

     

    

 

	 	/s/
Betsy Z. Cohen
	 	Betsy
    Z. Cohen, individually
	 	 
	 	/s/
Daniel G. Cohen
	 	Daniel
    G. Cohen, individually
	 	 
		/s/
Walter T. Beach
	 	Walter
    T. Beach, individually
	 	 
	 	/s/
Jeremy Kuiper
	 	Jeremy
    Kuiper, individually
	 	 
	 	/s/
James J. McEntee, III
	 	James
    J. McEntee, III, individually
	 	 
	 	/s/
Shami Patel
	 	Shami
    Patel, individually

 

[Signature
Page to Letter Agreement]Exhibit
10.3

 

INVESTMENT
MANAGEMENT TRUST AGREEMENT

 

This
Investment Management Trust Agreement (this “Agreement”) is made effective as of January 19, 2017 by
and between FinTech Acquisition Corp. II, 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. 333-215305 (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 common stock, par value $0.0001
per share (the “Common Stock”), and one half of one 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 January 19, 2017; and

 

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

 

WHEREAS,
as described in the Registration Statement, $153,000,000 of the gross proceeds of the Offering and sale of the Private Placement
Units (as defined in the Underwriting Agreement) (or $175,950,000 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, $7,650,000, or up to $9,256,000 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. 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 180
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;

 

    	 		 

     

    

 

(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 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 $500,000 for working capital expenses, 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)
January 25, 2019 (“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 $500,000 for
working capital expenses, 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; provided, however, that in the event the Trustee receives a Termination Letter in a form substantially
similar to Exhibit B hereto, or if the Trustee begins to liquidate the Property because it has received no such Termination
Letter by the Termination Date, the Trustee shall keep the Trust Account open until twelve (12) months following the date the
Property has been distributed to the Public Stockholders. 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 $500,000 for working capital expenses, 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 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)
Not make any withdrawals or distributions from the Trust Account other than pursuant to Section 1(i) or (j) 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) and 1(j)
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 it is distributed to the Company pursuant to
Sections 1(i) through 1(j) hereof. The Company shall pay the Trustee the initial acceptance fee and the first annual
administration fee at the consummation of the Offering. The Trustee shall refund to the Company the monthly fee (on a pro rata
basis) with respect to any period after the liquidation of the Trust Account. 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

 

(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, which shall be up to $9,256,500.

 

    	 	3	 

     

    

 

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) and 1(j) hereof.

 

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

 

    	 	4	 

     

    

 

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 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.

 

    	 	5	 

     

    

 

(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 transmission:

 

if
to the Trustee, to:

 

Continental
Stock Transfer & Trust Company

17
Battery Place

New
York, New York 10004

Attn:
Steven G. Nelson and Sharmin Carter

Fax
No.: (212) 509-5150

 

if
to the Company, to:

 

FinTech
Acquisition Corp. II

712
Fifth Avenue, 8th Floor

New
York New York 10019

Attn:
James J. McEntee

 

in
each case, with copies to:

 

Ledgewood

2001
Market Street, Suite 3400

Philadelphia,
Pennsylvania 19103

Attn:
Amanda Abrams

Fax
No.: (215) 790-2384

 

(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 E. Wolf, Jr.
	 	 	Name:
     Francis E. Wolf, Jr.
	 	 	Title:
    Vice President

 

	 	FinTech
    Acquisition Corp. II 
	 	 	 
	 	By:	/s/
James J. McEntee, III
	 	 	Name:
    James J. McEntee, III
	 	 	Title:
     President and Chief Financial Officer

 

[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	 	$	2,000.00	 
	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 2	 	Deduction by Trustee from accumulated income following disbursement made to Company under Section 2	 	$	250.00	 
	Paying Agent services as required pursuant to Section 1(i)	 	Billed to Company upon delivery of service pursuant to Section 1(i)	 	 	Prevailing rates	 

 

 

     

     

    

 

EXHIBIT
A

 

[Letterhead
of Company] 

 

[Insert
date] 

 

Continental
Stock Transfer & Trust Company

17
Battery Place

New
York, New York 10004

Attn:
Steven G. Nelson and Sharmin Carter

 

	 	Re:	Trust
    Account No. [                    ] Termination Letter

 

Gentlemen:

 

Pursuant
to Section 1(i) of the Investment Management Trust Agreement between FinTech Acquisition Corp. (“Company”)
and Continental Stock Transfer & Trust Company (“Trustee”), dated as of January 19, 2017 (“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 forty-eight (48) 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 on [insert date], and to transfer the proceeds into the trust checking 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 checking 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) [an affidavit] [a certificate] of 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) written instruction signed by the Company 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. II
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

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

 

 

     

     

    

 

EXHIBIT
B

 

[Letterhead
of Company] 

 

[Insert
date] 

 

Continental
Stock Transfer & Trust Company

17
Battery Place

New
York, New York 10004

Attn:
Steven G. Nelson, Sharmin Carter and Mark Zimkind

 

	 	Re:	Trust
    Account No. [                  ] Termination Letter

 

Gentlemen:

 

Pursuant
to Section 1(i) of the Investment Management Trust Agreement between FinTech Acquisition Corp. II (“Company”)
and Continental Stock Transfer & Trust Company (“Trustee”), dated as of January 19, 2017 (“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
(“Business Combination”) within the time frame specified in the Company’s Amended and Restated
Certificate of Incorporation, as described in the Company’s Prospectus relating to the Offering]. Capitalized terms used
but not defined herein shall have the meanings set forth in the Trust Agreement.

 

In
accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate all of the assets in the Trust Account
on___________, 20 and to transfer the total proceeds into the trust checking account at JPMorgan Chase Bank, N.A. to await distribution
to the Public Stockholders. The Company has selected [___], 201_, as the record date for the purpose of determining the Public
Stockholders 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. II 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

cc:
Cantor Fitzgerald & Co.

 

     

     

    

 

EXHIBIT
C

 

[Letterhead
of Company] 

 

[Insert
date] 

 

Continental
Stock Transfer & Trust Company

17
Battery Place

New
York, New York 10004

Attn:
Cynthia Jordan, Vice President

 

	 	Re:	Trust
    Account No. [                  ] Withdrawal Instruction

Gentlemen:

 

Pursuant
to Section 1(j) of the Investment Management Trust Agreement between FinTech Acquisition Corp. II (“Company”)
and Continental Stock Transfer & Trust Company (“Trustee”), dated as of January 19, 2017 (“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] [for working
capital purposes] [in connection with its it’s 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. II
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

cc:
Cantor Fitzgerald & Co.

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