Document:

EX-10.8

 Exhibit 10.8 

March 22, 2021 
 TB SA Acquisition Corp 

PO Box 1093, Boundary Hall 
 Cricket Square, Grand Cayman 

KY1-1102, Cayman Islands 
  

	 	Re:	 Initial Public Offering 

Ladies and Gentlemen: 
 This letter (this
“Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between TB SA Acquisition Corp, a Cayman Islands
exempted company (the “Company”), and Deutsche Bank Securities Inc. (the “Underwriter”), relating to an underwritten initial public offering (the “Public Offering”) of
23,000,000 of the Company’s units (including 3,000,000 units that may be purchased pursuant to the Underwriter’s option to purchase additional units, the “Units”), each comprising of one of the Company’s
Class A ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), and one-third of one redeemable warrant (each whole warrant, a “Warrant”).
Each Warrant entitles the holder thereof to purchase one Ordinary Share at a price of $11.50 per share, subject to adjustment. The Units will be sold in the Public Offering pursuant to a registration statement on Form
S-l and a prospectus (the “Prospectus”) filed by the Company with the U.S. Securities and Exchange Commission (the “Commission”). Certain capitalized terms used
herein are defined in paragraph 1 hereof. 
 In order to induce the Company and the Underwriter to enter into the Underwriting
Agreement and to proceed with the Public Offering and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, TCP SA, LLC (the “Sponsor”) and each of the undersigned (each, an
“Insider” and, collectively, the “Insiders”) hereby agree with the Company as follows: 

1. Definitions. As used herein: (i) “Business Combination” shall mean a merger, share exchange,
asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities; (ii) “Founder Shares” shall mean the 5,750,000 Class B ordinary shares of the Company, par value
$0.0001 per share, outstanding prior to the consummation of the Public Offering; (iii) “Private Placement Warrants” shall mean the warrants to purchase Ordinary Shares of the Company that will be acquired by the Sponsor for
an aggregate purchase price of $6,500,001 (or up to $7,100,001 if the Underwriter exercises its option to purchase additional Units), or $1.50 per Warrant, in a private placement that shall close simultaneously with the consummation of the Public
Offering (including Ordinary Shares issuable upon conversion thereof); (iv) “Public Shareholders” shall mean the holders of Ordinary Shares included in the Units issued in the Public Offering; (v) “Public
Shares” shall mean the Ordinary Shares included in the Units issued in the Public Offering; (vi) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Public Offering and
the sale of the Private Placement Warrants shall be deposited; (vii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise
dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position 

 
within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security,
(b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or
otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); and (viii) “Charter” shall mean the Company’s Amended and Restated Memorandum and Articles of
Association, as the same may be amended from time to time. 
 2. Representation and Warranties. 

(a) The Sponsor and each Insider, with respect to itself, herself, himself, represent and warrant to the Company that it, she or he has the
full right and power, without violating any agreement to which it, she or he is bound (including, without limitation, any non-competition or non-solicitation agreement
with any employer or former employer), to enter into this Letter Agreement, as applicable, and to serve as an officer of the Company and/or a director on the Company’s Board of Director (the “Board”), as applicable, and
each Insider hereby consents to being named in the Prospectus, road show and any other materials as an officer and/or director of the Company, as applicable. 

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

3. Business Combination Vote. It is acknowledged and agreed that the Company shall not enter into a definitive agreement
regarding a proposed Business Combination without the prior consent of the Sponsor. The Sponsor and each Insider, with respect to itself or herself or himself, agrees that if the Company seeks shareholder approval of a proposed initial Business
Combination, then in connection with such proposed initial Business Combination, it, she or he, as applicable, shall vote all Founder Shares and any Public Shares held by it, her or him, as applicable, in favor of such proposed initial Business
Combination (including any proposals recommended by the Board in connection with such Business Combination) and not redeem any Public Shares held by it, her or him, as applicable, in connection with such shareholder approval. 

  
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 4. Failure to Consummate a Business Combination: Trust Account Waiver.

 (a) The Sponsor and each Insider hereby agree, with respect to itself, herself or himself, that in the event that the Company fails to
consummate its initial Business Combination within the time period set forth in the Charter, the Sponsor and each Insider shall take all reasonable steps to cause the Company to (i) cease all operations except for the purpose of winding up;
(ii) as promptly as reasonably possible but not more than 10 business days thereafter, redeem 100% of the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on
deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously release to the Company to pay income taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then
outstanding Public Shares, which redemption will completely extinguish Public Shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any); and (iii) as promptly as reasonably possible
following such redemption, subject to the approval of the Company’s remaining shareholders and the Board, liquidate and dissolve, subject in the case of clauses (ii) and (iii) to the Company’s obligations under Cayman Islands law to
provide for claims of creditors and in all cases subject to the other requirements of applicable law. The Sponsor and each Insider agree not to propose any amendment to the Charter (i) that would modify the substance or timing of the
Company’s obligation to provide holders of the Public Shares the right to have their shares redeemed in connection with an initial Business Combination or to redeem 100% of the Public Shares if the Company does not complete an initial Business
Combination within the required time period set forth in the Charter or (ii) with respect to any provision relating to the rights of holders of Public Shares unless the Company provides its Public Shareholders with the opportunity to redeem
their Public Shares upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in
the Trust Account and not previously released to the Company to pay taxes, if any, divided by the number of then-outstanding Public Shares. 

(b) The Sponsor and each Insider, with respect to itself, herself or himself, acknowledges that it, she or he has no right, title, interest or
claim of any kind in or to any monies held in the Trust Account or any other asset of the Company as a result of any liquidation of the Company with respect to the Founder Shares held by it, her or him, if any. The Sponsor and each of the Insiders
hereby further waive, with respect to any Founder Shares and Public Shares held by it, her or him, as applicable, any redemption rights it, she or he may have in connection with the consummation of a Business Combination, including, without
limitation, any such rights available in the context of a shareholder vote to approve such Business Combination or a shareholder vote to approve an amendment to the Charter (i) that would modify the substance or timing of the Company’s
obligation to provide holders of the Public Shares the right to have their shares redeemed in connection with an initial Business Combination or to redeem 100% of the Public Shares if the Company has not consummated an initial Business Combination
within the time period set forth in the Charter or (ii) with respect to any provision relating to the rights of holders of Public Shares (although the Sponsor and the Insiders shall be entitled to liquidation rights with respect to any Public
Shares they hold if the Company fails to consummate a Business Combination within the required time period set forth in the Charter). 

  
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 5. Lock-up: Transfer
Restrictions. 
 (a) The Sponsor and the Insiders agree that they shall not Transfer any Founder Shares (the “Founder
Shares Lock-up”) until the earliest of (A) one year after the completion of an initial Business Combination and (B) the date following the completion of an initial Business Combination
on which the Company completes a liquidation, merger, share exchange or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Ordinary Shares for cash, securities or other property (the
“Founder Shares Lock-up Period”). Notwithstanding the foregoing, if, subsequent to a Business Combination, the closing price of the Ordinary Shares equals or exceeds $12.00 per share
(as adjusted for share sub-divisions, share capitalizations, share consolidations, reorganizations, recapitalizations and the like) for any 20 trading days within a
30-trading day period commencing at least 150 days after the Company’s initial Business Combination, the Founder Shares shall be released from the Founder Shares
Lock-up. 
 (b) The Sponsor and Insiders agree that they shall not effectuate any Transfer of
Private Placement Warrants or Ordinary Shares underlying such warrants until 30 days after the completion of an initial Business Combination. 

(c) Notwithstanding the provisions set forth in paragraphs 5(a) and (b), Transfers of the Founder Shares, Private Placement
Warrants and Ordinary Shares underlying the Private Placement Warrants are permitted (a) to the Company’s officers or directors, any affiliate or family member of any of the Company’s officers or directors, any members or partners of
the Sponsor or their affiliates, any affiliates of the Sponsor, or any employees of such affiliates; (b) in the case of an individual, by gift to a member of one of the individual’s immediate family or to a trust, the beneficiary of which
is a member of the individual’s immediate family, an affiliate of such person or to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of the individual; (d) in the
case of an individual, pursuant to a qualified domestic relations order; (e) by private sales or transfers made in connection with the consummation of a Business Combination at prices no greater than the price at which the Founder Shares,
Private Placement Warrants or Ordinary Shares, as applicable, were originally purchased; (f) by virtue of the Sponsor’s organizational documents upon liquidation or dissolution of the Sponsor; (g) to the Company for no value for
cancellation in connection with the consummation of an initial Business Combination, (h) in the event of the Company’s liquidation prior to the completion of a Business Combination; or (i) in the event of completion of a liquidation,
merger, share exchange or other similar transaction which results in all of the Company’s Public Shareholders having the right to exchange their Ordinary Shares for cash, securities or other property subsequent to the completion of an initial
Business Combination; provided, however, that in the case of clauses (a) through (f) these permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions. 

(d) During the period commencing on the effective date of the Underwriting Agreement and ending 180 days after such date, the Sponsor and each
Insider shall not, without the prior written consent of the Underwriter, Transfer any Units, Ordinary Shares, Warrants or any other securities convertible into, or exercisable or exchangeable for, Ordinary Shares held by it, her or him, as
applicable, subject to certain exceptions enumerated in Section 6(h) of the Underwriting Agreement. 

  
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 6. Remedies. The Sponsor and each of the Insiders hereby agree and
acknowledge that (i) each of the Underwriter and the Company would be irreparably injured in the event of a breach by the Sponsor or such Insider of its, her or his obligations, as applicable under paragraphs 3. 4,
5, 7, 10 and 11, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to
any other remedy that such party may have in law or in equity, in the event of such breach. 
 7. Payments by the
Company. Except as disclosed in the Prospectus, neither the Sponsor nor any affiliate of the Sponsor nor any director or officer of the Company nor any affiliate of the officers shall receive from the Company any finder’s fee,
reimbursement, consulting fee, monies in respect of any payment of a loan or other compensation prior to, or in connection with any services rendered in order to effectuate the consummation of the Company’s initial Business Combination
(regardless of the type of transaction that it is). 
 8. Director and Officer Liability Insurance. The Company will
maintain an insurance policy or policies providing directors’ and officers’ liability insurance, and the Insiders shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage
available for any of the Company’s directors or officers. 
 9. Termination. This Letter Agreement shall terminate
on the earlier of (i) the expiration of the Founder Shares Lock-up Period and (ii) the liquidation of the Company. 

10. Indemnification. In the event of the liquidation of the Trust Account upon the failure of the Company to consummate
its initial Business Combination within the time period set forth in the Charter, the Sponsor (the “Indemnitor”) agrees to indemnify and hold harmless the Company against any and all loss, liability, claim, damage and expense
whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened) 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 (except for the Company’s independent auditors) or (ii) any prospective target business with which the Company has discussed entering into a
transaction agreement (a “Target”), provided, however, that such indemnification of the Company by the Indemnitor (x) 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 the lesser of (i) $10.00 per Public Share and (ii) the actual amount per Public Share held in the Trust Account as of
the date of the liquidation of the Trust Account if less than $10.00 per Public Share due to reductions in the value of the trust assets, in each case net of interest that may be withdrawn to pay the Company’s tax obligations, (y) shall
not apply to any claims by a third party or Target who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) and (z) shall not apply to any claims under the Company’s
indemnity of the Underwriter against certain liabilities, including liabilities under the Securities Act of 1933, as amended. The Indemnitor shall have the right to defend against any such claim with counsel of its choice reasonably satisfactory to
the Company if, within 15 days following written receipt of notice of the claim to the Indemnitor, the Indemnitor notifies the Company in writing that it shall undertake such defense. 

  
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 11. Forfeiture of Founder Shares. To the extent that the
Underwriter does not exercise its option to purchase additional Units within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration,
for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal of 20% of the sum of the total number of Ordinary Shares and Founder Shares outstanding at such time. The Sponsor and Insiders further
agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of
the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of Ordinary Shares and Founder Shares outstanding at such time. 

12. Entire Agreement. 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 all parties hereto. 

13. Assignment. No party hereto may assign either this Letter Agreement or any of its rights, interests, or obligations
hereunder without the prior written consent of the other parties. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee. This
Letter Agreement shall be binding on the Sponsor, each of the Insiders and each of their respective successors, heirs, personal representatives and assigns and permitted transferees. 

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

15. Effect of Headings. The paragraph headings herein are for convenience only and are not part of this Letter Agreement
and shall not affect the interpretation thereof. 
 16. Severability. This Letter Agreement shall be deemed severable,
and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Letter Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term
or provision, the parties hereto intend that there shall be added as a part of this Letter Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable. 

17. Governing Law. This Letter 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. 

  
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 The parties hereto (i) all agree that any action, proceeding, claim or dispute arising out of, or
relating in any way to, this Letter Agreement shall be brought and enforced in the courts of New York City, in the State of New York, and irrevocably submit to such jurisdiction and venue, which jurisdiction and venue shall be exclusive, and
(ii) waive any objection to such exclusive jurisdiction and venue or that such courts represent an inconvenient forum. 
 18.
Notices. Any notice, consent or request to be given in connection with any of the terms or provisions of this Letter Agreement shall be in writing and shall be sent by express mail or similar private courier service, by certified mail
(return receipt requested), by hand delivery or facsimile transmission. 
 [Signature Pages Follow] 

  
 7 

 
			
	 Sincerely,
  

TCP SA, LLC
 By: TCP SA GP, Ltd, as Sole
Member

		
	 By:
	 	/s/ Glenn F. Miller
		 	 Name:    Glenn F. Miller

Title:      Authorized Signatory

 [Signature Page to TB SA Acquisition Corp - Insider Letter Agreement] 

 
			
	 By:
	 	/s/ Andrew Rolfe
		 	 Name:    Andrew Rolfe

Title:      Director and Chief Executive Officer

 [Signature Page to TB SA Acquisition Corp - Insider Letter Agreement] 

 
			
	 By:
	 	/s/ Gareth Penny
		 	 Name:    Gareth Penny

Title:      Director

  
 10 

 
			
	 By:
	 	/s/ James Crawley
		 	 Name:    James Crawley

Title:      Chief Financial Officer

 [Signature Page to TB SA Acquisition Corp - Insider Letter Agreement] 

 
			
	 By:
	 	/s/ Thando Mhlambiso
		 	 Name:    Thando Mhlambiso

Title:      Director

 [Signature Page to TB SA Acquisition Corp - Insider Letter Agreement] 

 
			
	 By:
	 	/s/ Ziyanda Ntshona
		 	 Name:    Ziyanda Ntshona

Title:      Director

 [Signature Page to TB SA Acquisition Corp - Insider Letter Agreement] 

			
	 Acknowledged and Agreed:
 TB SA
ACQUISITION CORP

		
	 By:
	 	/s/ Andrew Rolfe
		 	 Name:    Andrew Rolfe

Title:      Director and Chief Executive Officer

 [Signature Page to TB SA Acquisition Corp - Insider Letter Agreement]EX-10.9

 Exhibit 10.9 
  

			
	 Deutsche Bank Securities Inc.

60 Wall Street
 New York,
New York 10005
	 	 TowerBrook Financial, L.P.

Park Avenue Tower
 65 East
55th Street
 New York, New York 10022

  
 March 22, 2021 

TB SA Acquisition Corp 
 PO Box 1093, Boundary Hall, 

Cricket Square, Grand Cayman, 

KY1-1102, Cayman Islands 

Attention: Andrew Rolfe, Chief Executive Officer 
 Ladies and
Gentlemen: 
 This is to confirm our agreement whereby TB SA Acquisition Corp, a Cayman Islands exempted company (the
“Company”), has requested Deutsche Bank Securities Inc. (“Deutsche Bank”) and TowerBrook Financial, L.P. (“TowerBrook” and, together with Deutsche Bank, the “Capital Markets
Advisors,” and each, a “Capital Markets Advisor”) to assist it in connection with the Company engaging in a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination (in each
case, a “Business Combination”) with one or more businesses (each a “Target”) as described in the Company’s Registration Statement on Form S-1 (File No. 333-253086) filed with the Securities and Exchange Commission, as amended (“Registration Statement”), in connection with its initial public offering (“IPO”). The
obligations of the Capital Markets Advisors hereunder are several and not joint. Neither Capital Markets Advisor shall be liable for any acts or omissions of the other. 

1. Services and Fees. 
 (a) The
Capital Markets Advisors will, from time to time, upon and to the extent of the Company’s request from time to time and in consultation with the Company: 
  

	 	(i)	 familiarize themselves with the financial condition and acquisition strategy of the Company;

  

	 	(ii)	 provide advice to the Company on its investor communication strategy with respect to a Business Combination and
arrange investor meetings to be conducted by the Company and, as applicable, the Target with investors and meetings with third party research analysts in connection with a Business Combination; 

 

	 	(iii)	 together with the Company’s legal counsel and other third party advisors, assist the Company in
preparation of materials to be presented by the Company to investors and/ or third party research analysts; and 

  

	 	(iv)	 provide the Company with periodic updates on the relevant public equity markets and such Capital Markets
Advisor’s perspectives on trends in investor sentiment (the activities described in the foregoing clauses (i) through (iii) and this clause (iv), the “Services”). 

Notwithstanding anything to the contrary contained in this agreement (this “Agreement”), the Services to be provided
hereunder will not include (i) any solicitation of potential investors in connection with the IPO or a Business Combination, (ii) any assistance in obtaining shareholder approval of a Business Combination or (iii) any M&A advice
or financial advisory services. In addition, neither the Capital Markets Advisors’ engagement hereunder nor this Agreement shall give rise to any express or implied commitment or obligation by the Capital Markets Advisors to provide any
financing to or raise capital for the Company or any other person or entity. 

 (b) As compensation for the Services, the Company will pay the Capital Markets Advisors
a cash fee equal to, in the aggregate, 3.5% of the gross proceeds received by the Company from the sale of its equity securities pursuant to the Registration Statement during the IPO, including any proceeds from the full or partial exercise of the
underwriters’ over-allotment option described therein (the “Marketing Fee”) with 97.5% of the 3.5% paid to Deutsche Bank and 2.5% of the 3.5% paid to TowerBrook. The Marketing Fee is due and payable to the Capital Markets
Advisors by wire transfer at the closing of the initial Business Combination (the “Closing”). If a proposed Business Combination is not consummated for any reason during the 24-month period
beginning on the consummation of the IPO (as such period may be extended pursuant to the Company’s amended and restated memorandum and articles of association), no Marketing Fee shall be due or payable to the Capital Markets Advisors hereunder.
The Marketing Fee shall be exclusive of any other fees which may become payable to the Capital Markets Advisors pursuant to any other agreement between any Capital Markets Advisor and the Company or the Target or other party to a Business
Combination. 
 2. Expenses. 
 At
the Closing, the Company shall reimburse the Capital Markets Advisors for all reasonable costs and expenses incurred by the Capital Markets Advisors (including reasonable fees and disbursements of external counsel) in connection with the performance
of the Services hereunder. 
 3. Company Cooperation; Information. 

(a) The Company will provide full cooperation to each Capital Markets Advisor as may be necessary for the efficient performance by such
Capital Markets Advisor of its obligations hereunder, including, but not limited to: providing to such Capital Markets Advisor and its counsel, on a timely basis, all documents and information regarding the Company and Target that such Capital
Markets Advisor may reasonably request or that are otherwise relevant to the Capital Markets Advisor’s performance of its obligations hereunder (collectively, the “Information”); making the Company’s management, auditors,
suppliers, customers, consultants and advisors available to such Capital Markets Advisor; and, using commercially reasonable efforts to provide such Capital Markets Advisor with reasonable access to the management, auditors, suppliers, customers,
consultants and advisors of Target. The Company will promptly notify the Capital Markets Advisors of any change in facts or circumstances or new developments affecting the Company or Target or that might reasonably be considered material to either
Capital Markets Advisor’s engagement hereunder. 
 (b) Neither Capital Markets Advisor shall share with third parties any
Information, presentations and/or materials about the Company, its shareholders and/or affiliates, the initial Business Combination and any Targets, to the extent that any such information is not already provided to the public in the Registration
Statement unless such Capital Markets Advisor obtains the Company’s prior written approval (which may be provided via email). Notwithstanding the foregoing, each Capital Markets Advisor may share Information without the Company’s prior
written approval (i) to any person to effect compliance with any law, rule, regulation or order, (ii) in response to any subpoena, legal or regulatory process or in connection with any litigation, (iii) to each party’s respective
counsel or accountants on a confidential and need-to-know basis; (iv) to the other Capital Markets Advisor party to this Agreement; and (v) to the
Company’s sponsor, TCP SA, LLC, a Cayman Islands limited liability company, and its affiliates. 
 4. Representations; Warranties and
Covenants. 
 (a) The Company represents, warrants and covenants to each Capital Markets Advisor that all Information it makes
available to either Capital Markets Advisor by or on behalf of the Company in connection with the performance of their obligations hereunder will not contain any untrue statement of a material fact or omit to state a material fact necessary in order
to make statements made, in light of the circumstances under which they were made, not misleading as of the date thereof and as of the consummation of the Business Combination. In undertaking their Services hereunder, the Capital Markets Advisors
shall be entitled to rely upon the accuracy and completeness of all of the Information. 
 (b) Each Capital Markets Advisor represents,
warrants and covenants to the Company, severally and not jointly, that it (i) is not prohibited from entering into this Agreement by any other contract, agreement, law or order; 

 

 
(ii) will use personnel of required skill, experience and qualifications to perform the Services; and (iii) will provide updates as to the performance of the Services as reasonably requested
by the Company. 
 5. Indemnity. 

Neither Deutsche Bank, TowerBrook nor any of their respective affiliates (nor any of their respective control persons, directors, officers,
employees or agents) shall be liable to the Company, the Target or to any other person claiming through the Company or the Target for any claim, loss, damage, liability, cost or expense suffered by the Company or any such other person arising out of
or related to Deutsche Bank’s engagement hereunder except for a claim, loss or expense that arises primarily out of or is based primarily upon any action or failure to act by Deutsche Bank or TowerBrook, as applicable, other than an action or
failure to act undertaken at the request or with the consent of the Company or the Target, as applicable, that is found in a final non-appealable judicial determination (or a settlement tantamount thereto) to constitute willful misconduct or gross
negligence on the part of Deutsche Bank or TowerBrook, as applicable. 
 The Company shall indemnify each Capital Markets Advisor and its
affiliates and directors, officers, employees, shareholders, representatives and agents in accordance with the indemnification provisions set forth in Annex I hereto, all of which are incorporated herein by reference. 

Notwithstanding the foregoing and Annex I, each Capital Markets Advisor agrees, if there is no Closing, (i) it does not have any right,
title, interest or claim of any kind in or to any monies in the Company’s trust account (“Trust Account”) established in connection with the IPO with respect to the Marketing Fee (each, a “Claim”); (ii) to
waive any Claim it may have in the future as a result of, or arising out of, any Services provided to the Company hereunder; and (iii) not to seek recourse against the Trust Account with respect to the Marketing Fee. 

6. Use of Name and Reports. 

Without each Capital Markets Advisor’s prior written consent, neither the Company nor any of its affiliates (nor any director, officer,
manager, partner, member, employee or agent thereof) shall quote or refer to (i) either Capital Markets Advisor’s name in connection with such Capital Markets Advisor’s performance of its Services hereunder or (ii) any advice
rendered by either Capital Markets Advisor to the Company or any communication from either Capital Markets Advisor in connection with performance of their Services hereunder, except as required by applicable federal or state law, regulation or
securities exchange rule. In the event of announcement of a Business Combination, each of Deutsche Bank and TowerBrook shall have the right, at its own expense, to disclose its participation in such Business Combination in marketing materials (e.g.,
pitch books, case studies, and similar marketing materials) and by way of placement of “tombstone” and similar advertisements in financial and other newspapers and journals. Further, prior to distributing any proxy materials relating to a
Business Combination to its stockholders or to the Target’s stockholders, as applicable, the Company shall furnish such materials to each Capital Markets Advisor for its review and comment, and the Company will not distribute, and will use
commercially reasonable efforts to cause the Target not to distribute, any such materials to which any Capital Markets Advisor reasonably objects. 

7. Status as Independent Contractor. 

Each Capital Markets Advisor shall perform its Services as an independent contractor and not as an employee of the Company or affiliate
thereof. It is expressly understood and agreed to by the parties that no Capital Markets Advisor shall have authority to act for, represent or bind the Company or any affiliate thereof in any manner, except as may be expressly agreed to by the
Company in writing. In rendering such Services, the Capital Markets Advisors will be acting solely pursuant to a contractual relationship on an arm’s-length basis. This Agreement is not intended to create
a fiduciary relationship between the parties and neither the Capital Markets Advisors nor any of the Capital Markets Advisors’ respective officers, directors or personnel will owe any fiduciary duty to the Company or any other person in
connection with any of the matters contemplated by this Agreement. The Company hereby waives, to the fullest extent permitted by law, any claims it may have against either Capital Markets Advisor for breach of fiduciary duty or alleged breach of
fiduciary duty related to the Services and agrees that neither Capital Markets Advisor shall have liability (whether direct or indirect) to the Company in respect of such a fiduciary duty claim or to any person asserting a fiduciary duty claim on
the Company’s behalf, including the Company’s stockholders, employees or creditors. For the avoidance of doubt, none of the activities of either Capital Markets Advisor in connection with its engagement hereunder constitute a
recommendation, investment advice, or solicitation of any action by such Capital Markets Advisor with respect to any entity or natural person. 

8. Potential Conflicts. 
 The Company
acknowledges that each of the Capital Markets Advisors are full-service securities firms engaged in securities trading and brokerage activities and providing a wide range of investment banking and advisory services from which conflicting interests
may arise. Certain affiliates of each of the Capital Markets Advisors are engaged in asset management and other activities for their own account and otherwise. In the ordinary course of business, each Capital Markets Advisor and its affiliates may
at any time hold long or short positions, and may trade or otherwise effect transactions, for their own account or the accounts of customers, in debt or equity securities of the Company, any potential Targets, their respective affiliates or other
entities that may be involved in the transactions contemplated hereby. Deutsche Bank, TowerBrook and their respective affiliates may act as a financial or capital markets advisor to any potential Target in respect of the Business Combination. In
addition, certain of the Company’s founders, officers, directors and advisors presently have, and any of them in the future may have additional, fiduciary 

 
and contractual duties with other entities, including to TowerBrook and its affiliates and to certain companies in which affiliates of TowerBrook have invested. Nothing in this Agreement shall be
construed to limit or restrict either Capital Markets Advisor or any of its affiliates in conducting such business. The Company waives, to the fullest extent permitted by law, any claims it may have based on any actual or potential conflicts of
interest that may arise or result from the Capital Markets Advisors’ engagement by the Company hereunder. The Capital Markets Advisors and their respective affiliates may have interests that differ from the Company’s interests. The Capital
Markets Advisors and their respective affiliates have no duty to disclose to the Company, or use for the Company’s benefit, any information acquired in the course of providing services to any other party, engaging in any transaction or carrying
on any other businesses. 
 9. Entire Agreement. 

This Agreement constitutes the entire understanding among the parties with respect to the subject matter hereof and supersedes all prior
agreements and understandings, oral or written, with respect thereto. This Agreement may not be modified or terminated orally or in any manner other than by an agreement in writing signed by the parties hereto, except that each Capital Markets
Advisor may terminate its obligation to provide the Services set forth in Section 1 of this Agreement at any time with five Business Days’ (as defined herein) notice to the Company. Upon receipt of such notice, the Company’s
obligation to pay the Marketing Fee and reimburse any expenses incurred after termination and such Capital Markets Advisor’s obligation to provide the Services, in each case as set forth in Sections 1 and 2, respectively, of this Agreement,
shall terminate. All other sections of this Agreement (including Annex I hereto) shall remain in full force and effect. 
 10. Notices. 

All communications hereunder shall be in writing and shall be mailed, hand delivered or delivered by email and confirmed to the parties hereto
as follows: 
 If to the Capital Markets Advisors: 

Deutsche Bank Securities Inc. 

60 Wall Street 
 New York, New
York 10005 
 Attention: Equity Capital Markets – Syndicate Desk 

With a copy at the same address to: 

Attention of the General Counsel 

Fax: (646) 374-1071 

TowerBrook Financial, L.P. 

Park Avenue Tower 
 65 East 55th
Street 
 New York, New York 10022 

Attention: Andrew Rolfe 
 Email:
Andrew.Rolfe@towerbrook.com 
 If to the Company: 

TB SA Acquisition Corp 
 PO Box
1093, Boundary Hall, 
 Cricket Square, Grand Cayman, 

KY1-1102, Cayman Islands 

Attention: Andrew Rolfe 
 Email:
andrew.rolfe@towerbrook.com 
 Each party to this Agreement may change such address for notices by sending to the parties to this Agreement
written notice of a new address for such purpose. Each such notice or other communication shall be deemed given (i) when emailed, delivered personally or by verifiable facsimile transmission (with an original to follow) on or before 4:30 p.m.,
New York City time, on a Business Day or, if such day is not a Business Day, on the next succeeding Business Day, (ii) on the next Business Day after timely delivery to a nationally-recognized overnight courier and (iii) on the Business
Day actually received if deposited in the U.S. mail (certified or registered mail, return receipt requested, postage prepaid). For purposes of this Agreement, “Business Day” shall mean any day on which the commercial banks in the
City of New York are open for business. 

 11. Successors and Assigns. 

This Agreement may not be assigned by any party hereto without the written consent of the other parties hereto. This Agreement shall be
binding upon and shall inure to the benefit of the parties hereto and, except where prohibited, to their successors and assigns. 
 12. Non-Exclusivity. 
 Nothing herein shall be deemed to restrict or prohibit the engagement by the
Company of other consultants providing the same or similar services or the payment by the Company of fees to such consultants. The Company’s engagement of any other consultant(s) shall not affect the Capital Markets Advisors’ rights to
receive the Marketing Fee and reimbursement of expenses pursuant to this Agreement. 
 13. Applicable Law; Venue. 

This Agreement shall be construed and enforced in accordance with the laws of the State of New York, without regard to the principles of
conflicts of laws thereof. 
 Each party hereto irrevocably submits to the exclusive jurisdiction of any New York State or United States
Federal court sitting in the City of New York, Borough of Manhattan, over any suit, action or proceeding arising out of or relating to this Agreement. Each party hereto irrevocably waives, to the fullest extent permitted by law, any objection that
it may now or hereafter have to the laying of venue of any such suit, action or proceeding brought in such a court and any claim that any such suit, action or proceeding brought in such a court has been brought in an inconvenient forum. Any such
process or summons to be served upon any party hereto may be served by transmitting a copy thereof by registered or certified mail, return receipt requested, postage prepaid, addressed to it, in the case of the Company, at its registered business
address and, in the case of either Capital Markets Advisor, at the address set forth in Section 10 hereof. Such mailing shall be deemed personal service and shall be legal and binding upon the Company in any action, proceeding or claim. Each
party hereto waives, to the fullest extent permitted by law, any other requirements of or objections to personal jurisdiction with respect thereto. The Company agrees that the Capital Markets Advisors shall be entitled to recover all of their
reasonable attorneys’ fees and expenses relating to any action or proceeding arising out of or relating to this Agreement and/or incurred in connection with the preparation therefor if it is the prevailing party in such action or
proceeding. EACH PARTY HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY. 
 14. Counterparts. 

This Agreement may be executed in counterparts, and by the different parties hereto in separate counterparts, each of which shall be deemed to
be an original, but all of which taken together shall constitute one and the same agreement, and shall become effective when one or more counterparts has been signed by each of the parties hereto and delivered to each of the other parties hereto.
Delivery of a signed counterpart of this Agreement may be made by facsimile, electronic mail (including any electronic signature complying with the New York Electronic Signatures and Records Act (N.Y. State Tech. §§ 301-309), as amended from time to time, or other applicable law) or other transmission method, and the parties hereto agree that any counterpart so delivered shall be deemed to have been duly and validly delivered
and be valid and effective for all purposes. 
  

 [Signature page follows] 

 

 If the foregoing correctly sets forth the understanding between each Capital Markets Advisor
and the Company with respect to the foregoing, please so indicate your agreement by signing in the place provided below, at which time this letter shall become a binding contract. 

 

			
	 DEUTSCHE BANK SECURITIES INC.

	
	
	 By:
	 	 /s/ Ravi Raghunathan

		 	 Name: Ravi Raghunathan

		 	 Title: Managing Director

		
	 By:
	 	 /s/ Brandon Sun

		 	 Name: Brandon Sun

		 	 Title: Director

  

			
	 TOWERBROOK FINANCIAL, L.P.

	
	
	 By:
	 	 /s/ Abrielle Rosenthal

		 	 Name: Abrielle Rosenthal

		 	 Title: Authorized Signatory

	
	AGREED AND ACCEPTED BY:
	
	
	TB SA ACQUISITION CORP
	
	
	 By:
	 	 /s/ Andrew Rolfe

		 	 Name:  Andrew Rolfe

		 	 Title:    Chief Executive Officer

  

 ANNEX I 

Indemnification 
 In
connection with the Company’s engagement of Deutsche Bank Securities Inc. and TowerBrook Financial, L.P. (together, the “Capital Markets Advisors” and each, a “Capital Markets Advisor”) pursuant to that certain
letter agreement (“Agreement”) of which this Annex forms a part, TB SA Acquisition Corp (the “Company”) hereby agrees, subject to the second paragraph of Section 5 of the Agreement, to indemnify and hold
harmless each Capital Markets Advisor and its affiliates and their respective control persons, directors, officers, employees and agents (collectively, with the Capital Markets Advisors, the “Indemnified Persons”), to the full
extent lawful against any and all claims, losses, damages, liabilities, costs and expenses as incurred (including all reasonable fees, expenses and disbursements of counsel (including, without limitation, those incurred by any Indemnified Person:
(a) in connection with claims against Company pursuant to this Annex I; and/or (b) in connection with claims for breach of the Agreement) and all reasonable travel and other out-of-pocket expenses incurred in connection with investigation of,
preparation for and defense of any pending or threatened claim and any litigation or other proceeding arising therefrom, whether or not in connection with pending or threatened litigation in which a Capital Markets Advisor or any other Indemnified
Person is a party) arising out of or related to any actual or proposed Business Combination (as defined in the Agreement) or the Capital Markets Advisors’ engagement under the Agreement; provided, however, there shall be excluded
from such indemnification any such claims, losses, damages, liabilities, costs or expenses that arise primarily out of or are based primarily upon any action or failure to act by a Capital Markets Advisor, other than an action or failure to act
undertaken at the request or with the consent of the Company, that is found in a final non-appealable judicial determination (or a settlement tantamount thereto) to constitute willful misconduct or gross
negligence on the part of a Capital Markets Advisor. 
 In the event that the foregoing indemnity is unavailable or insufficient to hold a
Capital Markets Advisor and other Indemnified Persons harmless, then the Company shall contribute to amounts paid or payable by a Capital Markets Advisor and other Indemnified Persons in respect of such claims, losses, damages, liabilities, costs
and expenses in such proportion as appropriately reflects the relative benefits received by, and, if applicable law does not permit allocation solely on the basis of benefits, fault of, the Company and such Capital Markets Advisor in connection with
the matters as to which such claims, losses, damages, liabilities, costs and expenses relate and other equitable considerations, subject to the limitation that in any event a Capital Markets Advisor’s aggregate contributions in respect of such
claims, losses, damages, liabilities, costs and expenses will not exceed the amount of fees actually received by such Capital Markets Advisor pursuant to this Agreement. For purposes hereof, as to a Business Combination, relative benefits to the
Company and the Capital Markets Advisors of such Business Combination shall be deemed to be in the same proportion that the total value paid or contemplated to be paid, or received or contemplated to be received, as the case may be, by the Company
and/or its security holders in connection with such Business Combination bears to the fees paid to the Capital Markets Advisors pursuant to this Agreement in respect of such Business Combination. 

The Company will not, without the prior written consent of the applicable Capital Markets Advisor, settle (or facilitate or participate in the
settlement of) any litigation relating to such Capital Markets Advisor’s engagement hereunder unless such settlement (a) includes an express, complete and unconditional release of such Capital Markets Advisor and all other Indemnified
Persons with respect to all claims asserted in such litigation or relating to such Capital Markets Advisor’s engagement hereunder and (b) does not include any statement as to an admission of fault, culpability or failure to act by or on
behalf of such Capital Markets Advisor and all other Indemnified Persons, such release to be set forth in an instrument signed by all parties to such settlement.

Promptly upon receipt by an Indemnified Person of notice of any complaint or the assertion or institution of any Claim with respect to which
indemnification is being sought hereunder, such Indemnified Person shall notify the Company in writing of such complaint or of such assertion or institution but failure to so notify the Company shall not relieve the Company from any obligation it
may have hereunder, except and only to the extent such failure results in the forfeiture by the Company of substantial rights and defenses. If the Company so elects or is requested by such Indemnified Person, the Company will assume the defense of
such Claim, including the engagement of counsel reasonably satisfactory to such Indemnified Person and the payment of the fees and expenses of such counsel. In the event, however, that legal counsel to such Indemnified Person reasonably determines
that having common counsel would present such counsel with a conflict of interest or if the defendant, in, or target of, any such Claim includes an Indemnified Person and the Company, and legal counsel to such Indemnified Person reasonably concludes
that there may be legal defenses available to it or other Indemnified Persons different from or in addition to those available to 

 
the Company, then such Indemnified Person may employ its own separate counsel to represent or defend him, her or it in any such Claim and the Company shall pay the reasonable fees and expenses of
such counsel. 
 In addition, with respect to any Claim in which the Company assumes the defense, the Indemnified Person shall have the
right to participate in such Claim to retain his, her or its own counsel therefore at his, her or its own expense.

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