Document:

Exhibit 10.1

 

MUTUAL
RESCISSION AND RELEASE AGREEMENT

 

This Mutual Rescission and Release
Agreement (this “Agreement”) is made on by and between Sakthi Global Holdings Ltd, a publicly traded Delaware Company,
Traded as (TKCM ) (formerly known as Token Communities Ltd) of Suite 3, Metro Center, Bethesda, Maryland, 20184 (“Party 1”
and as Parent Company ), and, Fortress Ventures LLC, herein represented by Lalit Verma Kumar, its President and ABT Investments
India Pvt Limited, herein represented by Manickam Mahalingam, it’s Chairman of jointly referred to as (“Party 2”) or
(“Vendors”)

 

ARTICLE 1

MUTUAL RESCISSION OF CONTRACT

 

On April 2nd 2019, the above-referenced parties entered into
a contract entitled :

 

“ACQUISITION AND SHARE EXCHANGE AGREEMENT”

 

(the “ACQUISITION AND SHARE EXCHANGE
AGREEMENT ” dated April 2nd 2019, a copy of which is attached hereto as Exhibit “A” hereto
and made a part hereof by reference the “Contract”)

 

Party 1 (The Company) and Party 2, (Vendors) as the original parties to the Contract, wish to rescind that Contract by mutual agreement by executing this mutual
release and Rescission Agreement.

 

In consideration of the mutual covenants of
the parties herein, the parties hereby rescind the Contract “effective as of 2nd May 2019.”

 

This Agreement shall be binding
upon the parties, their successors, assigns, and personal representatives. Neither party shall have any future rights or duties
hereunder.

 

ARTICLE 2

MUTUAL RELEASE

 

Party 1 hereby does release, cancel, forgive, and forever discharge
Party 2 and each of its predecessors, parent corporations, holding companies, subsidiaries, affiliates, divisions, heirs, successors,
and assigns, and all of their officers, directors, and employees from all actions, claims, demands, damages, obligations, liabilities,
controversies, and executions, of any kind or nature whatsoever, whether known or unknown or suspected or not, which have arisen,
may have arisen, or may arise by reason of the initial Contract or rescission thereof from this day and each day hereafter.

 

Party 1 does specifically waive any claim
or right to assert any cause of action, alleged case of action, claim, or demand that has, through oversight or error, intentionally,
unintentionally, or through a mutual mistake, been omitted from this Agreement.

 

    1

     

    

 

Party 2 hereby does release, cancel, forgive
and forever discharge Party 1 and each of its predecessors, parent corporations, holding companies, subsidiaries, affiliates,
divisions, heirs, successors, and assigns, and all of their officers, directors, and employees from all actions, claims, demands,
damages, obligations, liabilities, controversies and executions, of any kind or nature whatsoever, whether known or unknown, whether
suspected or not, which have arisen, may have arisen, or may arise by reason of the initial Contract or rescission thereof from
this day and each day hereafter.

 

Party 2 does specifically waive
any claim or right to assert any cause of action or alleged case of action, claim, or demand that has, through oversight or error,
intentionally or unintentionally, or through a mutual mistake, been omitted from this Agreement.

 

ARTICLE 3

SEVERABILITY

 

The provisions of this Agreement
are to be read as a whole and are not separately enforceable or severable by either party hereto. If any term, provision, covenant,
or condition of this Agreement, or the application thereof to any person, place or circumstance, shall be held invalid, unenforceable,
or void, the remainder of this Agreement and such term, provision, covenant, or condition as applied to other persons, places,
and circumstances shall remain in full force and effect.

 

ARTICLE 4

GOVERNING LAW

 

This Agreement shall be interpreted
and enforced under the laws of the State of Delaware, without regard to conflict of laws. Both parties voluntarily consent to the
jurisdiction of the courts in the State of Delaware, U.S.A.

 

    2

     

    

 

ARTICLE 5

NOTICES

 

XI. MISCELLANEOUS

 

Notices. Any notice hereunder
shall be sent in writing, addressed as specified below, and shall be deemed given: (a) if by hand or recognized courier service,
by 4:00PM on a Business Day, addressee’s day and time, on the date of delivery, and otherwise on the first business day after such
delivery; (b) if by fax or email, on the date that transmission is confirmed electronically, if by 4:00PM on a Business Day, addressee’s
day and time, and otherwise on the first Business Day after the date of such confirmation; or (c) five (5) days after mailing by
certified or registered mail, return receipt requested. Notices shall be addressed to the respective parties as follows (excluding
telephone numbers, which are for convenience only), or to such other address as a party shall specify to the others in accordance
with these notice provisions:

 

If to Party 1 (the Parent Company)

 

SAKTHI GLOBAL HOLDINGS LTD

#3 Bethesda
Metro Centre

Suite 700

Bethesda, Md 20184

 

Attention Steven Knight

E mail steven.knight.ctg@gmail.com

 

with a copy to:

 

Law Offices of David E. Price, PC

#3 Bethesda Metro Center

Suite 700

Bethesda, Md 20184

E mail David@TopTier.eu

 

if to party 2 (VENDORS)

 

FORTRESS VENTURES LLC

 

6401 W Fort Street,
Detroit MI 48209

 

		·	Represented by: LALIT KUMAR VERMA, President

 

		·	kumar@sakthiauto.com

 

		·	and ABT INVESTMENTS INDIA (PVT) LIMITED

 

		·	Represented by MANICKAM MAHALINGAM , Chairman

                                                                                 

                                                                                6401 W Fort Street, Detroit MI 48209

                                                                                 

                                                                                E Mail manickamrn@sakthiauto.com

 

    3

     

    

 

ARTICLE 6

ENTIRE AGREEMENT

 

This Agreement contains the entire agreement
and understanding between the parties hereto and supersedes any prior or contemporaneous written or oral agreements, representations,
and/or warranties as between them respecting the subject matter hereof. This Agreement may be amended only by a writing signed
by both parties.

 

IN WITNESS WHEREOF, the parties hereto execute
this Mutual Rescission and Release Agreement on the 2nd Day of May, 2019.

 

PARTY 1: Parent Company)

 

Sakthi Global Holdings Ltd.

 

	/s/ Steven Knight	 
	Name: Steven Knight, Deputy Chairman	 

 

PARTY 2: (Vendors)

 

Fortress Ventures LLC

 

	 	 
	Name: Lalit Verma Kumar, President	 

 

ABT INVESTMENTS INDIA (PVT) LIMITED

 

	 	 
	Name: Manickham Mahalingam	 

 

 

4Exhibit
10.1

 

Insider
Letter Acknowledgement and Agreement

 

Reference
is made to the letter agreement delivered to Switchback Energy Acquisition Corporation, a Delaware corporation (the “Company”),
dated July 25, 2019 and attached hereto as Exhibit A (the “Insider Letter”). In exchange for good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned acknowledges and agrees
as follows: (i) he is an Insider (as such term is defined in the Insider Letter) for the purposes of the Insider Letter and (ii)
to be bound by the terms of the Insider Letter as they relate to directors and Insiders (as such term is defined in the Insider
Letter) of the Company.

 

This
acknowledgement and agreement shall be governed by and construed in accordance with the laws of the State of New York without
reference to such state’s principles of conflicts of law that would cause the laws of any other jurisdiction to apply.

 

Agreed
and acknowledged this 24th day of July, 2020.

 

	 	DIRECTOR
	 	 
	 	 /s/ Ray Kubis
	 	Ray
Kubis

 

	Acknowledged
        and Agreed:

        
	 
	 	 
	Switchback
    Energy Acquisition Corporation	 
	 

        
	 	 
	By:	/s/
    Jim Mutrie	 
	Name:  	Jim
    Mutrie	 
	Title:	Chief
    Commercial Officer and General Counsel	 

 

    	 		 

     

    

  

Exhibit
A – Insider Letter

 

 

 

 

 

 

 

    	 	2	 

     

    

 

July
25, 2019

 

Switchback
Energy Acquisition Corporation

5949
Sherry Lane, Suite 1010

Dallas,
TX 75225

 

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 among Switchback Energy Acquisition Corporation,
a Delaware corporation (the “Company”), and Goldman Sachs & Co. LLC and Citigroup Global Markets
Inc., as representatives (the “Representatives”) of the several underwriters (the “Underwriters”),
relating to an underwritten initial public offering (the “Public Offering”), of up to 34,500,000 of
the Company’s units (including up to 4,500,000 units which may be purchased to cover over-allotments, if any) (the “Units”),
each comprised of one share of the Company’s Class A common stock, par value $0.0001 per share (the “Class A
Common Stock”), and one-third of one redeemable warrant (each whole warrant, a “Warrant”).
Each Warrant entitles the holder thereof to purchase one share of the Class A Common Stock at a price of $11.50 per share, subject
to adjustment. The Units shall be sold in the Public Offering pursuant to the registration statement on Form S-1 (File No. 333-232501)
and prospectus (the “Prospectus”) filed by the Company with the Securities and Exchange Commission (the
“Commission”) and the Company shall apply to have the Units listed on the New York Stock Exchange. Certain
capitalized terms used herein are defined in paragraph 11 hereof.

 

In
order to induce the Company and the Underwriters 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, NGP Switchback, LLC
(the “Sponsor”) and each of the undersigned individuals, each of whom is a member of the Company’s
board of directors and/or management team (each an “Insider” and collectively the “Insiders”),
hereby agrees with the Company as follows:

 

1. The
Sponsor and each Insider agrees that if the Company seeks stockholder approval of a proposed Business Combination, then in connection
with such proposed Business Combination, it, he or she shall vote all Founder Shares and any shares acquired by it, him or her
in the Public Offering or the secondary public market in favor of such proposed Business Combination and not redeem any shares
of Common Stock owned by it, him or her in connection with such stockholder approval.

 

2. The
Sponsor and each Insider hereby agrees that in the event that the Company fails to consummate a Business Combination within 24
months from the closing of the Public Offering, or such later period approved by the Company’s stockholders in accordance
with the Company’s amended and restated certificate of incorporation, 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 subject to lawfully available funds therefor, redeem 100% of the Class A Common
Stock sold as part of the Units in the Public Offering (the “Offering Shares”), at a per-share price,
payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest not previously released
to the Company to pay its franchise and income taxes (less up to $100,000 of interest to pay dissolution expenses), divided by
the number of then outstanding Offering Shares, which redemption will completely extinguish Public Stockholders’ rights
as stockholders (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, dissolve and liquidate, subject in each case to the Company’s obligations under
Delaware law to provide for claims of creditors and other requirements of applicable law. The Sponsor and the Insiders agree to
not propose any amendment to the Company’s amended and restated certificate of incorporation that would affect the substance
or timing of the Company’s obligation to redeem 100% of the Offering Shares if the Company does not complete an initial
Business Combination within 24 months from the closing of the Public Offering, unless the Company provides its Public Stockholders
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 interest earned on the funds held in the Trust Account
and not previously released to the Company to pay its franchise and income taxes, divided by the number of then outstanding Offering
Shares.

 

    	 	3	 

     

    

 

The
Sponsor and each Insider acknowledges that it, he or she 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. The Sponsor and each Insider hereby further waives, with respect to any shares of the Common Stock held by it,
him or her, any redemption rights it, he or she may have in connection with the consummation of a Business Combination, including,
without limitation, any such rights available in the context of a stockholder vote to approve such Business Combination or in
the context of a tender offer made by the Company to purchase shares of the Common Stock and in connection with a stockholder
vote to amend the Company’s amended and restated certificate of incorporation in a manner that would affect the substance
or timing of the Company’s obligation to redeem 100% of the Offering Shares if the Company has not consummated an initial
Business Combination within 24 months from the closing of the Public Offering (although the Sponsor, the Insiders and their respective
affiliates shall be entitled to redemption and liquidation rights with respect to any shares of the Common Stock (other than the
Founder Shares) it or they hold if the Company fails to consummate a Business Combination within 24 months from the date of the
closing of the Public Offering or such later date as may be specified in an amendment to the Company’s amended and restated
certificate of incorporation).

 

3. During
the period commencing on the effective date of the Underwriting Agreement and ending 180 days after such date, the undersigned
shall not, without the prior written consent of the Representatives, (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, any Units, shares of
Class A Common Stock, shares of the Company’s Class B common stock, par value $0.0001 per share (the “Class
B Common Stock” and, together with the Class A Common Stock, the “Common Stock”), Warrants
or any securities convertible into, or exercisable, or exchangeable for, shares of Common Stock owned by him, her or it, (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, shares of Common Stock, Founder Shares, Warrants or any securities convertible into, or exercisable, or exchangeable
for, shares of Class A Common Stock owned by him, her or it, 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). If the undersigned is an officer or director of the Company, the undersigned further agrees that the forgoing restrictions
shall be equally applicable to any issuer-directed Units that the undersigned may purchase in the Public Offering.

 

4. In
the event of the liquidation of the Trust Account, the Sponsor (which for purposes of clarification shall not extend to any officer,
member or manager of the Sponsor) 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 (other than the Company’s independent public accountants)
for services rendered or products sold to the Company or (ii) a prospective target business with which the Company has entered
into a letter of intent, confidentiality or other similar agreement or business combination agreement (a “Target”);
provided, however, that such indemnification of the Company by the Sponsor shall apply only to the extent necessary
to ensure that such claims by a third party for services rendered (other than the Company’s independent public accountants)
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 share of the Offering Shares and (ii) the actual amount per share of the Offering Shares held in the Trust Account
due to reductions in the value of the trust assets as of the date of the liquidation of the Trust Account, in each case including
interest earned on the funds held in the Trust Account and not previously released to the Company to pay its franchise and income
taxes, less franchise and income taxes payable, except as to any claims by a third party or Target that executed an agreement
waiving claims against and all rights to seek access to the Trust Account whether or not such agreement is enforceable. In the
event that any such executed waiver is deemed to be unenforceable against such third party, the Sponsor shall not be responsible
for any liability as a result of any such third party claims. Notwithstanding any of the foregoing, such indemnification of the
Company by the Sponsor shall not apply as to any claims under the Company’s obligation to indemnify the Underwriters against
certain liabilities, including liabilities under the Securities Act of 1933, as amended. The Sponsor 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 Sponsor, the Sponsor notifies the Company in writing that it shall undertake such defense.

 

    	 	4	 

     

    

 

5. To
the extent that the Underwriters do not exercise their over-allotment option to purchase an additional 4,500,000 Units (as described
in the Prospectus), the Sponsor agrees, upon the expiration or waiver of such option, to forfeit, for cancellation at no cost,
a number of Founder Shares equal to 1,125,000 multiplied by a fraction, (i) the numerator of which is 4,500,000 minus the number
of Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is
4,500,000.  The forfeiture will be adjusted to the extent that the over-allotment option is not exercised in full by the
Underwriters so that the Founder Shares will represent 20.0% of the Company’s issued and outstanding shares of Common Stock
after the Public Offering. The Sponsor further agrees that to the extent that (a) the size of the Public Offering is increased
or decreased and (b) the Sponsor has either purchased or sold shares of Common Stock or an adjustment to the number of Founder
Shares has been effected by way of a stock split, stock dividend, reverse stock split, contribution back to capital or otherwise,
in each case in connection with such increase or decrease in the size of the Public Offering, then (A) the references to 4,500,000
in the numerator and denominator of the formula in the first sentence of this paragraph shall be changed to a number equal to
15% of the number of the Units issued in the Public Offering and (B) the reference to 1,125,000 in the formula set forth in the
first sentence of this paragraph shall be adjusted to such number of Founder Shares that the Sponsor would have to collectively
return to the Company in order for all holders of Founder Shares to hold an aggregate of 20.0% of the Company’s issued and
outstanding shares of Common Stock after the Public Offering.

 

6. (a)
The Sponsor and each Insider hereby agrees not to participate in the formation of, or become an officer or director of, any other
blank check company until the Company has entered into a definitive agreement with respect to a Business Combination or the Company
has failed to complete a Business Combination within 24 months after the closing of the Public Offering.

 

(b) Each
of the Sponsor and each Insider hereby agrees and acknowledges that: (i) each of the Underwriters and the Company would be irreparably
injured in the event of a breach by such Sponsor or Insider of his, her or its obligations under paragraphs 6(a), 7(a) and 7(b),
(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. (a)
Subject to the exceptions set forth herein, the Sponsor and each Insider agrees not to transfer, assign or sell any Founder Shares
held by it, him or her until one year after the date of the consummation of a Business Combination or earlier if, subsequent to
a Business Combination, (i) the last sale price of the Class A Common Stock equals or exceeds $12.00 per share (as adjusted for
stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading
day period commencing at least 150 days after the consummation of a Business Combination or (ii) the Company consummates a subsequent
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 (the “Lock-up”).

 

(b) Subject
to the exceptions set forth herein, the Sponsor and each Insider agrees not to transfer, assign or sell any Private Placement
Warrants or Class A Common Stock underlying such warrants held by it, him or her, until 30 days after the completion of a Business
Combination.

 

    	 	5	 

     

    

 

(c) Notwithstanding
the provisions set forth in paragraphs 7(a) and (b), transfers of the Founder Shares, Private Placement Warrants and shares of
Class A Common Stock underlying the Private Placement Warrants are permitted (a) to the Company’s officers or directors,
any affiliates or family members of any of the Company’s officers or directors, any members of the Sponsor or their affiliates,
or any affiliates of the Sponsor (b) in the case of an individual, by gift to members of the individual’s immediate family
or to a trust, the beneficiary of which is a member of one of the individual’s immediate family, an affiliate of such person
or to a charitable organization; (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 virtue of the laws
of the state of Delaware or the Sponsor’s operating agreement upon dissolution of the Sponsor; (f) 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 shares were
originally purchased; (g) in the event of the Company’s liquidation prior to the completion of a Business Combination; or
(h) in the event of completion 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
subsequent to the completion of a 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.

 

8. Each
Insider’s biographical information furnished to the Company that is included in the Prospectus is true and accurate in all
respects and does not omit any material information with respect to such Insider’s background. Each Insider’s questionnaire
furnished to the Company is true and accurate in all 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 neither such Insider nor the Sponsor 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.

 

9. Except
as disclosed in the Prospectus, neither the Sponsor nor any affiliate of the Sponsor, nor any director or officer of the Company,
shall receive any finder’s fee, reimbursement, consulting fee, monies in respect of any repayment 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). However, such persons may receive the following payments, none
of which will be made from the proceeds held in the Trust Account prior to the completion of the initial Business Combination:
repayment of a loan of up to $300,000 made to the Company by the Sponsor, pursuant to a Promissory Note dated May 16, 2019; payment
of an aggregate of $10,000 per month, to the Sponsor, for office space, utilities, secretarial support and administrative services,
pursuant to an Administrative Services Agreement, dated July 25, 2019; reimbursement for any out-of-pocket expenses related to
identifying, investigating, negotiating and consummating an initial Business Combination; and repayment of loans, if any, and
on such terms as to be determined by the Company from time to time, made by the Sponsor or an affiliate of the Sponsor or certain
of the Company’s officers and directors to finance transaction costs in connection with an intended initial Business Combination,
provided, that, if the Company does not consummate an initial Business Combination, a portion of the working capital held outside
the Trust Account may be used by the Company to repay such loaned amounts so long as no proceeds from the Trust Account are used
for such repayment. Up to $1,500,000 of such loans may be convertible into warrants at a price of $1.50 per warrant at the option
of the lender. Such warrants would be identical to the Private Placement Warrants, including as to exercise price, exercisability
and exercise period.

 

10. The
Sponsor has full right and power, without violating any agreement to which it 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 each Insider hereby
consents to being named in the Prospectus as an officer and/or director of the Company, as applicable.

 

11. As
used herein, (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 shares of the Class B Common Stock held by the Sponsor, the Company’s independent directors
and any other holder prior to the consummation of the Public Offering; (iii) “Private Placement Warrants”
shall mean the warrants to purchase 5,333,333 shares of Class A Common Stock (or 5,933,333 shares of Class A Common Stock
if the Underwriters’ over-allotment option in connection with the Public Offering is exercised in full), that the Sponsor
has agreed to purchase for an aggregate purchase price of approximately $8,000,000 (or approximately $8,900,000 if the Underwriters’
over-allotment option in connection with the Public Offering is exercised in full), or $1.50 per warrant, in a private placement
that shall occur simultaneously with the consummation of the Public Offering; (iv) “Public Stockholders”
shall mean the holders of shares of Class A Common Stock issued in the Public Offering; and (v) “Trust Account”
shall mean the trust fund into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement
Warrants to the Sponsor shall be deposited.

 

    	 	6	 

     

    

 

12. 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. 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 Insider and each of their respective successors, heirs and assigns.

 

14. 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.
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.

 

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

 

16. This
Letter Agreement shall terminate on the earlier of (i) the expiration of the Lock-up or (ii) the liquidation of the Company; provided,
however, that this Letter Agreement shall earlier terminate in the event that the Public Offering is not consummated and
closed by September 30, 2019, provided further that paragraph 4 of this Letter Agreement shall survive such liquidation.

 

[Signature
page follows]

 

    	 	7	 

     

    

 

	 	Sincerely,	 
	 	 	 
	 	NGP SWITCHBACK, LLC   
	 	 
	 	By:	/s/ Scott McNeill
	 	Name:	Scott McNeill
	 	Title:	Chief Executive Officer and Chief Financial Officer
	 	 	 
	 	 	/s/ Scott McNeill
	 	 	Scott McNeill
	 	 	 
	 	 	/s/ Jim Mutrie
	 	 	Jim Mutrie
	 	 	 
	 	 	/s/ Josh Rosinski
	 	 	Josh Rosinski
	 	 	 
	 	 	/s/ Chris Carter
	 	 	Chris Carter
	 	 	 
	 	 	/s/ Scott Gieselman
	 	 	Scott Gieselman
	 	 	 
	 	 	/s/ Sam Stoutner
	 	 	Sam Stoutner
	 	 	 
	 	 	/s/ Joseph Armes
	 	 	Joseph Armes
	 	 	 
	 	 	/s/ Zane Arrott
	 	 	Zane Arrott

 

	Acknowledged and Agreed:	 
	 	 	 
	SWITCHBACK ENERGY ACQUISITION CORPORATION	 
	 	 	 
	By:	/s/ Jim Mutrie	 
	 	Name: 	Jim Mutrie	
	 	Title:	Secretary	

 

 

 

8

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