Document:

Exhibit 10.2

 

[●], 2020

 

Tekkorp Digital Acquisition Corp.

1980 Festival Plaza Drive, Ste #300

Las Vegas, NV 89135

 

		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 or proposed to be entered into by and between Tekkorp Digital Acquisition Corp., a Cayman Islands exempted company

(the “Company”), and Jefferies LLC, as the representative of the several underwriters named therein (the

“Underwriters”), relating to an underwritten initial public offering (the “Public Offering”),

of 28,750,000 of the Company’s units (“Units”) (including up to 3,750,000 Units that may be purchased

to cover over-allotments, if any), each comprised of one Class A ordinary share of the Company, par value $0.0001 per share (each,

an “Ordinary Share”), and one-half 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 shall be sold in the Public Offering pursuant to a registration statement on Form S-1 and a prospectus (the “Prospectus”)

filed by the Company with the Securities and Exchange Commission (the “Commission”). 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, Tekkorp JEMB LLC, a Cayman Islands limited liability company (the

“Sponsor”), and the other undersigned persons (each, an “Insider” and collectively,

the “Insiders”), hereby agrees with the Company as follows:

 

1. 

The Sponsor and each Insider agrees with the Company that if the Company seeks shareholder approval of a proposed Business

Combination, then in connection with such proposed Business Combination, it, he or she shall (i) vote any Shares owned by it, him

or her in favor of any proposed Business Combination (including any proposals recommended by the Company’s board of directors

in connection with such Business Combination) and (ii) not redeem any Shares owned by it, him or her in connection with such shareholder

approval.

 

     

     

    

 

2. 

The Sponsor and each Insider hereby agrees with the Company 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 shareholders

in accordance with the Company’s amended and restated memorandum and articles of association, as they may be amended from

time to time, 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 ten (10) business days thereafter, redeem

100% of the Ordinary Shares 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 (less

up to $100,000 of interest to pay dissolution expenses and which interest shall be net of taxes payable), divided by the number

of then issued and outstanding Offering Shares, which redemption will completely extinguish all 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 Company’s

board of directors, liquidate and dissolve, subject in each case to the Company’s obligations under Cayman Islands law to

provide for claims of creditors and the requirements of other applicable law. The Sponsor and each Insider agrees to not propose

any amendment to the Company’s amended and restated memorandum and articles of association (i) to modify the substance or

timing of the Company’s obligation to allow redemption in connection with the Company’s initial Business Combination

or to redeem 100% of the Offering Shares if the Company does not complete its initial Business Combination within 24 months from

the closing of the Public Offering, or (ii) with respect to any other provision relating to shareholders’ rights or pre-initial

Business Combination activity, unless the Company provides its Public Shareholders 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 (which interest shall be net of taxes payable), divided by the number of then issued and

outstanding Offering Shares.

 

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 held by it. The Sponsor and

each Insider hereby further waives, with respect to any Shares held by it, him or her, if any, any redemption rights it, he or

she may have in connection with (x) 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 in the context of a tender offer made by

the Company to purchase Ordinary Shares and (y) a shareholder vote to amend the Company’s amended and restated memorandum

and articles of association (i) to modify the substance or timing of the Company’s obligation to allow redemption in connection

with the Company’s initial Business Combination or to redeem 100% of the Offering Shares if the Company does not complete

its initial Business Combination within 24 months from the closing of the Public Offering, or (ii) with respect to any other provision

relating to shareholders’ rights or pre-initial Business Combination activity (although the Sponsor and the Insiders shall

be entitled to redemption and liquidation rights with respect to any Offering 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).

 

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3. 

Notwithstanding the provisions set forth in paragraphs 7(a) and (b) below, 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 Jefferies LLC, offer, sell, contract to sell, pledge or otherwise dispose of (or enter into any transaction

that is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective

economic disposition due to cash settlement or otherwise)), 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 (“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 Units, Shares, Warrants or any securities convertible into, or exercisable, or exchangeable for, Ordinary Shares,

or publicly announce an intention to effect any such transaction; provided, however, that the foregoing does not

apply to the forfeiture of any Founder Shares pursuant to their terms or any transfer of Founder Shares to any current or future

independent director of the company (as long as such current or future independent director transferee is subject to this Letter

Agreement or executes an agreement substantially identical to the terms of this Letter Agreement, as applicable to directors and

officers at the time of such transfer; and as long as, to the extent any Section 16 reporting obligation is triggered as a result

of such transfer, any related Section 16 filing includes a practical explanation as to the nature of the transfer). Each of the

Insiders and the Sponsor acknowledges and agrees that, prior to the effective date of any release or waiver, of the restrictions

set forth in this paragraph 3 or paragraph 7 below, the Company shall announce the impending release or waiver by press release

through a major news service at least two business days before the effective date of the release or waiver. Any release or waiver

granted shall only be effective two business days after the publication date of such press release. The provisions of this paragraph

will not apply if the release or waiver is effected solely to permit a transfer not for consideration and the transferee has agreed

in writing to be bound by the same terms described in this Letter Agreement to the extent and for the duration that such terms

remain in effect at the time of the transfer.

 

4. 

In the event of the liquidation of the Trust Account, the Sponsor (which for purposes of clarification shall not extend

to any other shareholders, members or managers 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 for services rendered (other than the Company’s

independent registered public accountants) or products sold to the Company or (ii) a 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 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 registered public accountants) or products sold

to the Company or a Target do not reduce the amount of funds in the Trust Account to below (i) $10.00 per share of the Offering

Shares or (ii) such lesser amount per share of the Offering Shares held in the Trust Account as of the date of the liquidation

of the Trust Account due to reductions in the value of the trust assets, in each case, net of the amount of interest earned on

the property in the Trust Account which may be withdrawn to pay taxes, except as to any claims by a third party who executed a

waiver of any and all rights to seek access to the Trust Account and except as to any claims under the Company’s indemnity

of the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended. In the event

that any such executed waiver is deemed to be unenforceable against such third party, the Sponsor shall not be responsible to the

extent of any liability for such third party claims. 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.

 

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5. 

To the extent that the Underwriters do not exercise their over-allotment option to purchase up to an additional 3,750,000

Units within 45 days from the date of the Prospectus (and as further described in the Prospectus), the Sponsor, Robin Chhabra and

Irwin Apartment Trust each agree that it or he shall forfeit, at no cost, a number of Founder Shares in the aggregate equal to 844,758, 46,371 or 46,371, respectively, multiplied by a fraction, (i) the numerator of which is 3,750,000 minus the number of

Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,750,000.

All references in this Letter Agreement to Founder Shares of the Company being forfeited shall take effect as surrenders for no

consideration of such Founder Shares as a matter of Cayman Islands law. The forfeiture will be adjusted to the extent that the

over-allotment option is not exercised in full by the Underwriters so that the number of Founder Shares will equal an aggregate

of 20.0% of the Company’s issued and outstanding Shares after the Public Offering.

 

6. 

The Sponsor and each Insider hereby agrees and acknowledges that: (i) the Underwriters and the Company would be irreparably

injured in the event of a breach by such Sponsor or Insider of its, his or her obligations under paragraphs 1, 2, 3, 4, 5, 7(a),

7(b), and 9 of this Letter Agreement (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching

party shall be entitled to seek 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) The Sponsor and each Insider agrees that it, he or she shall not Transfer (as defined below) any Founder Shares (or

Ordinary Shares issuable upon conversion thereof) until the earlier of (A) one year after the completion of the Company’s

initial Business Combination and (B) subsequent to the Business Combination, (x) if the last reported sale price of the Ordinary

Shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, rights issuances, reorganizations,

recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the

Company’s initial Business Combination or (y) the date following the completion of the Company’s initial Business Combination

on which the Company completes a liquidation, merger, share exchange, reorganization 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”).

 

(b) The Sponsor and each Insider agrees that it, he or she shall not Transfer any Private Placement Warrants (or Ordinary Shares

issued or issuable upon the conversion of the Private Placement Warrants), until 30 days after the completion of a Business Combination

(the “Private Placement Warrants Lock-up Period”, together with the Founder Shares Lock-up Period, the

“Lock-up Periods”).

 

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(c) Notwithstanding the provisions set forth in paragraphs 7(a) and (b), transfers of the Founder Shares, Private Placement

Warrants and Ordinary Shares issued or issuable upon the exercise or conversion of the Private Placement Warrants or the Founder

Shares, are permitted (a) to the Company’s directors or officers, any affiliates or family members of the Company’s

directors or officers, the Sponsor, any members of the Sponsor or any affiliates of the Sponsor; (b) in the case of an individual,

by gift to a member of the individual’s immediate family, or to a trust, the beneficiary of which is a member of the individual’s

immediate family or 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 the Company’s

Business Combination at prices no greater than the price at which the securities were originally purchased; (f) in the event

of the Company’s liquidation prior to the Company’s completion of an initial Business Combination; (g) by virtue

of the laws of the Cayman Islands or the Sponsor’s limited liability company agreement, as it may be amended from time to

time, upon dissolution of the Sponsor; and (h) in the event of the Company’s completion of a liquidation, merger, share

exchange, reorganization or other similar transaction which results in all of the Company’s shareholders having the right

to exchange their Ordinary Shares for cash, securities or other property subsequent to the completion of the Company’s initial

Business Combination; provided, however, that, in the case of clauses (a) through (e), these permitted transferees

must enter into a written agreement with the Company agreeing to be bound by the transfer restrictions in this Agreement.

 

8. 

The Sponsor and each Insider represents and warrants that it, he or she 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. Each Insider’s biographical information furnished to the Company, if any (including any such information 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, if any, is true and accurate in all respects. Each Insider

represents and warrants that: it 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;

it 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 it is not currently a defendant

in any such criminal proceeding.

 

9. 

Except as disclosed in the Prospectus, neither the Sponsor nor any Insider nor any affiliate of the Sponsor or any Insider,

nor any director or officer of the Company, shall receive from the Company 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), other than the following, none of which will be made from the proceeds held in the Trust Account prior to the completion

of the initial Business Combination: (i) repayment of a loan and advances up to an aggregate of $300,000 made to the Company by

the Sponsor; (ii) payment to an affiliate of the Sponsor of a total of $10,000 per month for office space, administrative and support

services; (iii) payment of customary fees for financial advisory services; (iv) reimbursement for any reasonable out-of-pocket

expenses related to identifying, investigating and completing an initial Business Combination; and (v) 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 any

of the Company’s officers or directors to finance transaction costs in connection with an intended initial Business Combination;

provided that if the Company does not consummate an initial Business Combination, a portion of the working capital held

outside the Trust Account may be used by the Company to repay such loaned amounts 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 $1.00 per warrant at

the option of the lender. Such warrants would be identical to the Private Placement Warrants.

 

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10. The Sponsor and each Insider 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, as applicable, to serve as a director on the board of directors of the Company and hereby consents to being

named in the Prospectus as a director of the Company.

 

11. As used herein, (i) “Business Combination” shall mean a merger, share exchange, asset acquisition,

share purchase, reorganization or similar business combination, involving the Company and one or more businesses; (ii) “Shares”

shall mean, collectively, the Ordinary Shares and the Founder Shares; (iii) “Founder Shares” shall mean

the 7,187,500 Class B Ordinary Shares, par value $0.0001 per share, issued and outstanding immediately prior to the consummation

of the Public Offering; (iv) “Initial Shareholders” shall mean the Sponsor and any other person that

holds Founder Shares; (v) “Private Placement Warrants” shall mean the Warrants to purchase an aggregate

of 7,000,000 Ordinary Shares of the Company (or up to 7,750,000 Ordinary Shares of the Company depending on the extent to which

the Underwriters’ over-allotment option is exercised pursuant to the Underwriting Agreement) that the Sponsor, Robin Chhabra

and Irwin Apartment Trust have agreed to purchase for an aggregate purchase price of $7,000,000 (or up to $7,750,000 depending

on the extent to which the Underwriters’ over-allotment option is exercised pursuant to the Underwriting Agreement), or $1.00

per Warrant, in a private placement that shall occur simultaneously with the consummation of the Public Offering; (vi) “Public

Shareholders” shall mean the holders of securities issued in the Public Offering; (vii) “Trust Account”

shall mean the trust fund into which a portion of the net proceeds of the Public Offering shall be deposited; and (viii) “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, (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).

 

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 (1) each Insider that is the subject of any such change, amendment, modification or waiver

and (2) the Sponsor.

 

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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 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 the Sponsor and each Insider and their respective successors, heirs and assigns and permitted transferees.

 

14. This Letter Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York.

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 or other electronic transmission.

 

16. Each party hereto shall not be liable for any breaches or misrepresentations contained in this Letter Agreement by any other

party to this Letter Agreement (including, for the avoidance of doubt, any Insider with respect to any other Insider), and no party

shall be liable or responsible for the obligations of another party, including, without limitation, indemnification obligations

and notice obligations.

 

17. This Letter Agreement shall terminate on the earlier of (i) the expiration of the Lock-up Periods and (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 June 30, 2021; provided further that paragraph 4 of this Letter Agreement shall

survive such liquidation.

 

18. 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.

 

[Signature page follows]

 

    

     

    

  

	 	Sincerely,
	 	 	 
	 	TEKKORP JEMB LLC
	 	 	 
	 	By:	               
	 		Name:

    Matthew Davey
	 		Title:

      Authorized Signatory

  

 

[Signature Page to Letter Agreement]

    

     

    

 

	 	       
	 	Name:  Matthew Davey

 

 

  

[Signature Page to Letter Agreement]

 

    

     

    

 

	 	        
	 	Name:  Morris Bailey

 

 

 

[Signature Page to Letter Agreement]

 

    

     

    

 

	 	        
	 	Name:  Eric Matejevich

 

 

 

[Signature Page to Letter Agreement]

 

    

     

    

 

	 	IRWIN APARTMENT TRUST
	 	 	 
	 	By:	      
	 		Name:

    Nicholas Matt
	 		Title:

      Trustee

 

 

 

[Signature Page to Letter Agreement]

 

    

     

    

 

	 	        	        
	 	 	Name:  Robin Chhabra

  

 

 

[Signature Page to Letter Agreement]

 

    

     

    

 

	 	        	        
	 	 	Name:  Thomas Roche

 

 

 

[Signature Page to Letter Agreement]

 

    

     

    

 

	 	 	 
	 	 	Name:  Tony Rodio

 

 

 

[Signature Page to Letter Agreement]

 

    

     

    

 

	 	 	 
	 	 	Name:  Sean Ryan

 

 

 

[Signature Page

to Letter Agreement]

 

    

     

    

 

	 	Acknowledged and Agreed:
	 	 
	 	TEKKORP DIGITAL ACQUISITION CORP.
	 	 
	 	By:	 
	 		Name:

    Matthew Davey
	 		Title:   Chief Executive Officer

 

 

 

[Signature Page

to Letter Agreement]Exhibit 10.3

 

INVESTMENT

MANAGEMENT TRUST AGREEMENT

 

This

Investment Management Trust Agreement (this “Agreement”) is made effective as of [●], 2020, by

and between Tekkorp Digital Acquisition Corp., a Cayman Islands exempted company (the “Company”), and

Continental Stock Transfer & Trust Company, a New York corporation (the “Trustee”).

 

WHEREAS,

the Company’s registration statement on Form S-1, File No. 333-249064 (the “Registration Statement”),

and prospectus (the “Prospectus”) for the initial public offering of the Company’s units (the

“Units”), each of which consists of one of the Company’s Class A ordinary shares, par value $0.0001

per share (each, an “Ordinary Share”), and one-half of one redeemable warrant, each whole warrant entitling

the holder thereof to purchase one Ordinary Share (such initial public offering hereinafter referred to as the “Offering”),

has been declared effective as of the date hereof by the U.S. Securities and Exchange Commission; and

 

WHEREAS,

the Company has entered into an Underwriting Agreement (the “Underwriting Agreement”) with Jefferies

LLC, as representative of the several underwriters (the “Underwriters”) named therein; and

 

WHEREAS,

as described in the Prospectus, $250,000,000 of the gross proceeds of the Offering and sale of the Private Placement Warrants

(as defined in the Underwriting Agreement) (or $287,500,000 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 at all times in the United States

(the “Trust Account”) for the benefit of the Company and the holders of Ordinary Shares 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 shareholders for whose benefit the

Trustee shall hold the Property will be referred to as the “Public Shareholders,” and the Public

Shareholders and the Company will be referred to together as the “Beneficiaries”); and

 

WHEREAS,

pursuant to the Underwriting Agreement, a portion of the Property equal to $8,750,000, or $10,062,500 if the Underwriters’

over-allotment option is exercised in full, is attributable to deferred underwriting discounts and commissions that may be payable

by the Company to the Underwriters 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 located in the United States at J.P. Morgan Chase Bank, N.A. (or at another U.S. chartered commercial bank with

consolidated assets of $100 billion or more) and at a brokerage institution selected by the Trustee that is reasonably satisfactory

to the Company;

 

     

     

    

 

(b) Manage, supervise and administer the Trust Account subject to the terms and conditions set forth herein;

 

(c) In a timely manner, upon the written instruction of the Company, invest and reinvest the Property in United States government

securities within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended, having a maturity of 185

days or less, or in money market funds meeting the conditions of paragraphs (d)(1), (d)(2), (d)(3) and (d)(4) 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; while on deposit, the Trustee may earn bank credits or other consideration;

 

(d) Collect and receive, when due, all interest or other income arising from the Property, which shall become part of the “Property,”

as such term is used herein;

 

(e) Promptly notify the Company and Jefferies LLC 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 tax returns relating to assets held in the Trust Account or in connection with the preparation

or completion of the audit of the Company’s financial statements by the Company’s auditors;

 

(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 signed on behalf of the Company by its Chief Executive Officer, President, Chief Financial

Officer, Chief Operating Officer, General Counsel, Secretary or Chairman of the board of directors of the Company (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 interest (less up to $100,000 of interest that may be released to the Company to pay dissolution expenses

and which interest shall be net of any taxes payable, it being understood that the Trustee has no obligation to monitor or question

the Company’s position that an allocation has been made for taxes payable), only as directed in the Termination Letter and

the other documents referred to therein; provided, that, in the case a Termination Letter in the form of Exhibit A is received,

or (y) upon the date which is twenty-four (24) months after the closing of the Offering, or such later date as may be approved

by the Company’s shareholders in accordance with the Company’s amended and restated memorandum and articles of association,

as it may be amended from time to time, 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 interest (less up to $100,000 of interest that may be released to the Company

to pay dissolution expenses and which interest shall be net of any taxes payable), shall be distributed to the Public Shareholders

of record as of such date;

 

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(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 “Tax Payment Withdrawal Instruction”), withdraw from the Trust Account and distribute

to the Company the amount of interest earned on the Property requested by the Company to cover any tax obligation owed by the

Company as a result of assets of the Company or interest or other income earned on the Property, which amount shall be delivered

directly to the Company by electronic funds transfer or other method of prompt payment, and the Company shall forward such payment

to the relevant taxing authority; provided, however, that to the extent there is not sufficient cash in the Trust

Account to pay such tax obligation, the Trustee shall liquidate such assets held in the Trust Account as shall be designated by

the Company in writing to make such distribution so long as there is no reduction in the principal amount per share initially

deposited in the Trust Account; provided, further, however, that if the tax to be paid is a franchise tax,

the written request by the Company to make such distribution shall be accompanied by a copy of the franchise tax bill for the

Company and a written statement from the principal financial officer of the Company setting forth the actual amount payable (it

being acknowledged and agreed that any such amount in excess of interest income earned on the Property shall not be payable from

the Trust Account). The written request of the Company referenced above shall constitute presumptive evidence that the Company

is entitled to said funds, and the Trustee shall have no responsibility to look beyond said request;

 

(k) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto

as Exhibit D (a “Shareholder Redemption Withdrawal Instruction”), the Trustee shall distribute on behalf

of the Company the amount requested by the Company to be used to redeem Ordinary Shares from Public Shareholders properly submitted

in connection with a shareholder vote to approve an amendment to the Company’s amended and restated memorandum and articles

of association (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection

with the Company’s initial merger, share exchange, asset acquisition, share purchase, reorganization or similar business

combination involving the Company and one or more businesses (a “Business Combination”) or to redeem

100% of the Company’s public shares if it does not complete its initial Business Combination within twenty-four (24) months

from the closing of the Offering or (B) with respect to any other provision relating to shareholders’ rights or pre-initial

Business Combination activity. The written request of the Company referenced above shall constitute presumptive evidence that

the Company is entitled to distribute said funds, and the Trustee shall have no responsibility to look beyond said request; and

 

(l) 

Not make any withdrawals or distributions from the Trust Account other than pursuant to Section 1(i), (j) or (k) above.

 

    3 

     

    

 

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, Chief Financial Officer, Chief Operating Officer, General Counsel or Secretary. In addition, except with respect

to its duties under Sections 1(i), 1(j) and 1(k) hereof, the Trustee shall be entitled to rely on, and shall

be protected in relying on, any verbal or telephonic advice or instruction which it, in good faith and with reasonable care, believes

to be given by any one of the persons authorized above to give written instructions, provided that the Company shall promptly

confirm such instructions in writing;

 

(b) Subject to Section 4 hereof, hold the Trustee harmless and indemnify the Trustee from and against any and all reasonable and documented

expenses, including reasonable outside 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), it 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 may 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 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 shareholders regarding a Business Combination, provide to the Trustee an affidavit

or certificate of the inspector of elections for the shareholder meeting verifying the vote of such shareholders regarding such

Business Combination;

 

(e) Provide Jefferies LLC 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;

 

    4 

     

    

 

(f)  Expressly provide in any Instruction Letter (as defined in Exhibit A) delivered in connection with a Termination Letter in the

Form of Exhibit A that the Deferred Discount be paid directly to the account or accounts directed by Jefferies LLC; and

 

(g) 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.

 

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 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 with written notification to the Company, 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;

 

    5 

     

    

 

(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, franchise and income tax obligations, except pursuant to Section 1(j) hereof; or

 

(k) Verify calculations, qualify or otherwise approve the Company’s written requests for distributions pursuant to Sections

1(i), 1(j) or 1(k) 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.

 

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 (whether following the Trustee giving notice that it desires to resign under this Agreement or the Company

otherwise electing to replace the Trustee under 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;

 

(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) hereof and distributed the Property in accordance with the provisions of the Termination Letter, this Agreement

shall terminate except with respect to Section 2(b); or

 

    6 

     

    

 

(c) If the Offering is not consummated within ten (10) business days of the date of this Agreement, in which case any funds received

by the Trustee from the Company or Tekkorp JEMB LLC, a Cayman Islands limited liability company (the “Sponsor”),

for purposes of funding the Trust Account shall be promptly returned to the Company or the Sponsor, as applicable.

 

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 out-of-pocket 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.

 

(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), 1(j) and 1(k) hereof (which sections may not be modified, amended or deleted without the

affirmative vote of sixty five percent (65%) of the then outstanding Ordinary Shares and Class B ordinary shares, par value $0.0001

per share, of the Company voting together as a single class; provided that no such amendment will affect any Public Shareholder

who has otherwise indicated his, her or its election to redeem his, her or its Ordinary Shares in connection with a shareholder

vote sought to amend this Agreement), 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.

 

    7 

     

    

 

(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,

by electronic mail or by facsimile transmission:

 

if

to the Trustee, to:

 

Continental

Stock Transfer & Trust Company

One State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf & Celeste Gonzalez

 

Email:

fwolf@continentalstock.com 

Email:

cgonzalez@continentalstock.com

 

if

to the Company, to:

 

Tekkorp

Digital Acquisition Corp.

1980

Festival Drive, Ste #300

Las

Vegas, Nevada 89135

Attn:

Eric Matejevich

Email:

eric.matejevich@tekkorp.com

 

in

each case, with copies to:

 

Skadden,

Arps, Slate, Meagher & Flom LLP

300 South Grand Avenue, Suite 3400

Los Angeles, CA 90071

Attn:  Gregg A. Noel, Esq.

             P. Michelle Gasaway, Esq.

Fax

No.: (213) 621-5234

 

and

 

Jefferies

LLC

520 Madison Avenue

New York, New York 10022

Attn: General Counsel

Fax

No.: (646) 619-4437

 

and

 

Kirkland

& Ellis LLP

601 Lexington Avenue

New York, New York 10022

Attn:  Christian O. Nagler, Esq.

Fax No.: (212) 446-4900

(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.

 

    8 

     

    

 

(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 Jefferies LLC 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]

 

    9 

     

    

 

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:	    
	 	 	Name:
	 	 	Title:
	 	 	 
	 	 	 
	 	Tekkorp Digital Acquisition Corp.
	 	 	 
	 	By:	    
	 	 	Name:
	 	 	Title:

 

[Signature

Page to Investment Management Trust Agreement] 

 

     

     

    

 

SCHEDULE

A

 

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

  

    Sched. A-1 

     

    

 

EXHIBIT

A

Tekkorp Digital Acquisition Corp.

1980

Festival Plaza Drive, Ste #300

Las

Vegas, Nevada 89135

 

[Insert

date]

 

Continental

Stock Transfer & Trust Company

One State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf & Celeste Gonzalez

 

		Re:	Trust

Account - Termination Letter

 

Dear

Mr. Wolf and Ms. Gonzalez:

 

Pursuant

to Section 1(i) of the Investment Management Trust Agreement between Tekkorp Digital Acquisition Corp. (the “Company”)

and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of [●], 2020 (the

“Trust Agreement”), this is to advise you that the Company has entered into an agreement with         

(the “Target Business”) to consummate a merger, share exchange, asset acquisition, share purchase, reorganization

or similar business combination with the Target Business (the “Business Combination”) on or about [insert

date]. The Company shall notify you at least seventy-two (72) hours in advance of the actual date (or such shorter time period

as you may agree) of the consummation of the Business Combination (“Consummation Date”). Capitalized

terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

In

accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust

Account and to transfer the proceeds into the above-referenced trust operating account at JP Morgan Chase Bank, N.A. to the effect

that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account

or accounts that Jefferies LLC (the “Representative”) (with respect to the Deferred Discount) and the

Company shall direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust

operating account at JP Morgan Chase Bank, N.A. awaiting distribution, neither the Company nor the Representative will earn any

interest.

 

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 substantially, 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 or a certificate

by the Chairman, which verifies that the Business Combination has been approved by a vote of the Company’s shareholders,

if a vote is held and (b) joint written instruction signed by the Company and the Representative with respect to the transfer

of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction

Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon

your receipt of the Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event

that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify

the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account

and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds, net of any payments necessary

for reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust Agreement shall

be terminated.

 

    A-1 

     

    

 

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,
	 	 	 
	 	Tekkorp Digital Acquisition Corp.
	 	 	 
	 	By:	      
	 		Name:
	 		Title:

cc:     Jefferies

LLC

  

    A-2 

     

    

 

EXHIBIT

B

[Letterhead of Company]

 

[Insert

date]

 

Continental

Stock Transfer & Trust Company

One State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf & Celeste Gonzalez

 

		Re:	Trust

Account No. - Termination Letter

 

Dear

Mr. Wolf and Ms. Gonzalez:

 

Pursuant

to Section 1(i) of the Investment Management Trust Agreement between Tekkorp Digital Acquisition Corp. (the “Company”)

and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of [●], 2020 (the

“Trust Agreement”), this is to advise you that the Company has been unable to effect a merger, share

exchange, asset acquisition, share purchase, reorganization or similar business combination with a Target Business (the “Business

Combination”) within the time frame specified in the Company’s amended and restated memorandum and articles

of association, 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 Operating

Account and to transfer the total proceeds into the trust operating account at JPMorgan Chase Bank, N.A. to await distribution

to the Public Shareholders. The Company has selected [insert date] as the effective date for the purpose of determining

when the Public Shareholders will be entitled to receive their share of the liquidation proceeds. You agree to be the Paying Agent

of record and, in your separate capacity as Paying Agent, agree to distribute said funds directly to the Company’s Public

Shareholders in accordance with the terms of the Trust Agreement and the amended and restated memorandum and articles of association

of the Company. Upon the distribution of all the funds, 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,
	 	 	 
	 	Tekkorp Digital Acquisition Corp.
	 	 	 
	 	By:	      
	 		Name:
	 		Title:

 

cc: Jefferies

LLC

 

    B-1 

     

    

 

EXHIBIT

C

Tekkorp Digital Acquisition Corp.

1980

Festival Plaza Drive, Ste #300

Las

Vegas, Nevada 89135

 

[Insert

date]

 

Continental

Stock Transfer & Trust Company

One State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf & Celeste Gonzalez

 

		Re:	Trust

Account - Tax Payment Withdrawal Instruction

 

Dear

Mr. Wolf and Ms. Gonzalez:

 

Pursuant

to Section 1(j) of the Investment Management Trust Agreement between Tekkorp Digital Acquisition Corp. (the “Company”)

and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of [●], 2020 (the

“Trust Agreement”), the Company hereby requests that you deliver to the Company $           

of the interest income earned on the Property as of the date hereof. Capitalized terms used but not defined herein shall have

the meanings set forth in the Trust Agreement.

 

The

Company needs such funds to pay for the tax obligations as set forth on the attached tax return or tax statement. In 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,
	 	 	 
	 	Tekkorp Digital Acquisition Corp.
	 	 	 
	 	By:	      
	 		Name:
	 		Title:

 

cc: Jefferies

LLC

 

    C-1 

     

    

 

EXHIBIT

D

 

Tekkorp Digital Acquisition Corp.

1980

Festival Plaza Drive, Ste #300

Las

Vegas, Nevada 89135

 

[Insert

date]

 

Continental

Stock Transfer & Trust Company

One State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf & Celeste Gonzalez

 

Dear

Mr. Wolf and Ms. Gonzalez:

 

		Re:	Trust

Account - Shareholder Redemption Withdrawal Instruction

 

Pursuant

to Section 1(k) of the Investment Management Trust Agreement between Tekkorp Digital Acquisition Corp. (the “Company”)

and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of [●], 2020 (the

“Trust Agreement”), the Company hereby requests that you deliver to the redeeming Public Shareholders

on behalf of the Company $            of

the principal and 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 its Public Shareholders who have properly elected to have their Ordinary Shares redeemed by the

Company in connection with a shareholder vote to approve an amendment to the Company’s amended and restated memorandum and

articles of association (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection

with the Company’s initial Business Combination or to redeem 100% of the Company’s public shares if it does not complete

its initial Business Combination within such time as is described in the Company’s amended and restated certificate of memorandum

and articles of association or (B) with respect to any other provision relating to shareholders’ rights or pre-initial Business

Combination activity. As such, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon

your receipt of this letter to the redeeming Public Shareholders in accordance with your customary procedures.

 

	 	Very truly yours,
	 	 	 
	 	Tekkorp Digital Acquisition Corp.
	 	 	 
	 	By:	 
	 		Name:
	 		Title:

 

cc: Jefferies

LLC

 

    D-1

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