Document:

Exhibit 10.1

 

SUBSCRIPTION AGREEMENT

 

Thunder Bridge Acquisition II, Ltd.

9912 Georgetown Pike, Suite D203

Great Falls, Virginia 22066

December 14, 2020

 

Ladies and Gentlemen:

 

In connection with
the proposed business combination (the “Transaction”) between Thunder Bridge Acquisition II, Ltd., a Cayman
Islands exempted company (including its successors pursuant to the Transaction, the “Company”), and Ay Dee Kay
LLC, a California limited liability company (“Indie Semiconductor”), pursuant to that certain Master Transactions
Agreement, dated as of December 14, 2020, among the Company, Indie Semiconductor and the other parties thereto (as may be amended
and/or restated, the “Transaction Agreement”), pursuant to which, among other things, the Company will domesticate
into a Delaware corporation, and upon consummation of the Transaction, become the wholly-owned subsidiary of Thunder Bridge II
Surviving Pubco, Inc., a Delaware corporation (“Surviving Pubco”), with Surviving Pubco becoming the successor
issuer and public company pursuant to the federal securities laws; the Company is seeking commitments to purchase shares (subject
to Section 6(d) and Section 9(n), the “Shares”) of common stock of the Company, par value $0.0001 per share,
for a purchase price of $10.00 per share (the “Purchase Price”). The Company is offering the Shares in a private
placement (the “Offering”) in which the Company expects to raise an aggregate of $150 million pursuant to subscription
agreements (the “Other Subscription Agreements”) of even date herewith with other investors (the “Other
Subscribers”) on substantially the same terms hereof. In connection therewith, the undersigned and the Company agree
as follows:

 

1. Subscription.
As of the date written above, the undersigned hereby irrevocably subscribes for and agrees to purchase from the Company such number
of Shares as is set forth on the signature page of this Subscription Agreement at the Purchase Price and on the terms provided
for herein.

 

2. Closing; Delivery
of Shares.

 

a. The closing of
the sale of Shares contemplated hereby (the “Closing”) is contingent upon the substantially concurrent
consummation of the Transaction. The Closing shall occur on the date of, and immediately prior to, the consummation of the
Transaction. Upon (i) satisfaction of the conditions set forth in Section 3 below and (ii) not less than five (5) business
days’ written notice (which may be via email) from (or on behalf of) the Company to the undersigned (the
“Closing Notice”), which Closing Notice shall contain the Company’s wire instructions, that the
Company reasonably expects the closing of the Transaction to occur on a date that is not less than five (5) business days
from the date of the Closing Notice, the undersigned shall deliver to the Company on the closing date specified in the
Closing Notice (the “Closing Date”) the Purchase Price for the Shares subscribed by wire transfer of
United States dollars in immediately available funds to the account specified by the Company in the Closing Notice against
delivery to the undersigned of the Shares, free and clear of any liens or other restrictions whatsoever (other than those
arising under state or federal securities laws), in book-entry form as set forth in Section 2(b) below. This Subscription
Agreement shall terminate and be of no further force or effect, without any liability to either party hereto, if the Company
notifies the undersigned in writing that it has abandoned its plans to move forward with the Transaction prior to the Closing
Date. If, within one business day following the Closing, the consummation of the Transaction does not occur, the Company
shall promptly (but not later than two business days thereafter) return the Purchase Price to the undersigned, and the
undersigned shall return its Shares to the Company for cancellation. For purposes of this Agreement, “business
day” shall mean any day other than (x) a Saturday or Sunday or (y) a day on which the banking institutions located in
New York, New York are permitted or required by law, executive order or governmental decree to remain closed.

 

     

     

    

 

b. Immediately upon
the Closing, the Company shall deliver (or cause the delivery of) the Shares in book-entry form with restrictive legends in the
amount as set forth on the signature page to each of the undersigned as indicated on the signature page or to a custodian designated
by such undersigned, as applicable, as indicated below.

 

3. Closing Conditions.
In addition to the condition set forth in the first sentence of Section 2(a) above:

 

a. The Closing is also
subject to satisfaction or valid waiver by each party of the conditions that, on the Closing Date:

 

(i) no suspension of
the qualification of the Shares for offering or sale or trading in any jurisdiction, or initiation or threatening of any proceedings
for any of such purposes, shall have occurred;

 

(ii) no applicable governmental
authority shall have enacted, issued, promulgated, enforced or entered any judgment, order, law, rule or regulation (whether temporary,
preliminary or permanent) which is then in effect and has the effect of making consummation of the transactions contemplated hereby
illegal or otherwise restraining or prohibiting consummation of the transactions contemplated hereby, and no governmental authority
shall have instituted or threatened in writing a proceeding seeking to impose any such restraint or prohibition; and

 

(iii) all conditions
precedent to the closing of the Transaction set forth in the Transaction Agreement, including all necessary approvals of the Company’s
stockholders and regulatory approvals, if any, shall have been satisfied or waived (other than those conditions which, by their
nature, are to be satisfied at the closing of the Transaction) and the closing of the Transaction shall be scheduled to occur concurrently
with or immediately following the Closing.

 

b. The obligations
of the Company to consummate the Closing shall be subject to the satisfaction or valid waiver by the Company of the additional
conditions that, on the Closing Date:

 

(i) all
representations and warranties of the undersigned contained in this Subscription Agreement shall be true and correct in all
material respects (other than representations and warranties that are qualified as to materiality, which representations and
warranties shall be true in all respects) at and as of the Closing Date (except for representations and warranties made as of
a specific date, which shall be true and correct in all material respects (other than representations and warranties that are
qualified as to materiality, which representations and warranties shall be true in all respects) as of such date), and
consummation of the Closing shall constitute a reaffirmation by the undersigned of each of the representations, warranties
and agreements of each such party contained in this Subscription Agreement as of the Closing Date; and

 

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(ii) the undersigned
shall have performed, satisfied and complied in all material respects with all covenants, agreements and conditions required by
this Subscription Agreement to be performed, satisfied or complied with by it at or prior to Closing, including, without limitation,
receipt by the Placement Agents of a signed copy of an “investor representation letter” in substantially the form attached
as Schedule A hereto no later than the Closing Date.

 

c. The obligation of
the undersigned to consummate the Closing shall be subject to the satisfaction or valid waiver by the undersigned of the additional
conditions that, on the Closing Date:

 

(i) all representations
and warranties of the Company contained in this Subscription Agreement shall be true and correct in all material respects (other
than representations and warranties that are qualified as to materiality or Material Adverse Effect (as defined herein), which
representations and warranties shall be true in all respects) at and as of the Closing Date (except for representations and warranties
made as of a specific date, which shall be true and correct in all material respects (other than representations and warranties
that are qualified as to materiality or Material Adverse Effect, which representations and warranties shall be true in all respects)
as of such date), and consummation of the Closing shall constitute a reaffirmation by the Company of each of the representations,
warranties and agreements of each such party contained in this Subscription Agreement as of the Closing Date;

 

(ii) the Company shall
have performed, satisfied and complied in all material respects with all covenants, agreements and conditions required by this
Subscription Agreement to be performed, satisfied or complied with by it at or prior to the Closing;

 

(iii) the Company shall
have delivered to the undersigned and the Placement Agents, a certificate of the Chief Executive Officer of the Company, dated
as of the Closing Date, certifying to the fulfillment of the conditions specified in Sections 3(a)(iii) and 3(c);

 

(iv) at least $100,000,000
in the aggregate shall have been raised pursuant to this Subscription Agreement and the Other Subscription Agreements on or prior
to the Closing Date;

 

(v) no amendment, waiver
or modification of the Transaction Agreement (as the same exists on the date hereof as provided to the undersigned) shall have
occurred that would reasonably be expected to materially and adversely affect the undersigned, unless such amendment, waiver or
modification has been consented in writing to by the prior written consent of the undersigned; and

 

(vi) there shall have
been no amendment, waiver or modification to the Other Subscription Agreements that materially benefits the Other Subscribers unless
the undersigned has been offered substantially the same benefits.

 

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4. Company Representations
and Warranties. The Company represents and warrants to the undersigned and the Placement Agents that:

 

a. As of the date hereof,
the Company is a Cayman Islands exempted company duly organized, validly existing and in good standing under the laws of the Cayman
Islands. Immediately following the closing of the Transaction under the Transaction Agreement, the Company will be a Delaware corporation,
validly existing and in good standing under the laws of the State of Delaware. The Company has the corporate power and authority
to own, lease and operate its properties and conduct its business as presently conducted and to enter into, deliver and perform
its obligations under this Subscription Agreement.

 

b. The Shares have
been duly authorized and, when issued and delivered to the undersigned against full payment therefor in accordance with the terms
of this Subscription Agreement, the Shares will be validly issued, fully paid and non-assessable and will not have been issued
in violation of or subject to any preemptive or similar rights created under the Company’s Amended and Restated Memorandum
and Articles of Association (as amended) or under the laws of the Cayman Islands.

 

c. This Subscription
Agreement has been duly authorized, executed and delivered by the Company and is enforceable against the Company in accordance
with its terms, except as may be limited or otherwise affected by (i) bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium or other laws relating to or affecting the rights of creditors generally, and (ii) principles of equity, whether considered
at law or equity.

 

d. Subject to approval
by the Thunder Bridge II Equity Holders (as defined in the Transaction Agreement) to the extent required by any applicable rules
or regulations of Nasdaq, the issuance and sale of the Shares and the compliance by the Company with all of the provisions of this
Subscription Agreement and the consummation of the transactions herein will be done in accordance with the Nasdaq marketplace rules
and will not conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under,
or result in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets of the Company or
any of its subsidiaries pursuant to the terms of (i) any indenture, mortgage, deed of trust, loan agreement, license, lease or
any other agreement or instrument to which the Company or any of its subsidiaries is a party or by which the Company or any of
its subsidiaries is bound or to which any of the property or assets of the Company is subject, which would have a material adverse
effect on the business, properties, financial condition, stockholders’ equity or results of operations of the Company or
on the validity of the Shares or the legal authority of the Company to comply in all material respects with the terms of this Subscription
Agreement (a “Material Adverse Effect”); (ii) result in any violation of the provisions of the organizational
documents of the Company; or (iii) result in any violation of any statute or any judgment, order, rule or regulation of any court
or governmental agency or body, domestic or foreign, having jurisdiction over the Company or any of its properties that would have
a Material Adverse Effect or materially affect the validity of the Shares or the legal authority of the Company to comply with
this Subscription Agreement.

 

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e. The Company has
not entered into any agreement or arrangement entitling any agent, broker, investment banker, financial advisor or other person
to any broker’s or finder’s fee or any other commission or similar fee in connection with the transactions contemplated
by this Subscription Agreement for which the undersigned could become liable. Except for placement fees payable to Morgan Stanley
Co., LLC (“Morgan Stanley”) and Deutsche Bank Securities Inc. (“DB,” and together with Morgan
Stanley, the “Placement Agents,” and each a “Placement Agent”), the Company has not paid
and is not obligated to pay (directly or indirectly) remuneration for solicitation of purchasers in connection with the sale of
any Shares, including any brokerage, finder’s or other fee or commission in connection with its issuance and sale of the
Shares, including, for the avoidance of doubt, any fee or commission payable to any stockholder or affiliate of the Company. 

 

f. The Company is not,
and immediately after receipt of payment for the Shares, will not be, an “investment company” within the meaning of
the Investment Company Act of 1940, as amended.

 

g. Assuming the accuracy
of the subscriber representations and warranties set forth in Section 5, in connection with the offer, sale and delivery of the
Shares in the manner contemplated by this Subscription Agreement, it is not necessary to register the offer and sale of the Shares
by Company to the undersigned under the Securities Act.

 

h. The Shares (i) were
not offered by any form of general solicitation or general advertising and (ii) assuming the accuracy of the subscriber representations
and warranties set forth in Section 5, are not being offered in a manner involving a public offering under, or in a distribution
in violation of, the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws.
Furthermore, neither the Company, nor any person acting on its behalf has, directly or indirectly, made any offers or sales of
any Company security or solicited any offers to buy any security under circumstances that would adversely affect reliance by the
Company on Section 4(a)(2) of the Securities Act for the exemption from registration for the transactions contemplated hereby or
would require registration of the issuance of the Shares under the Securities Act.

 

i. As of the date hereof
and immediately prior to the Closing (and prior to giving effect to the consummation of the Transaction and this Offering), the
authorized capital of the Company consists of 200,000,000 Class A ordinary shares, (“Class A Ordinary Shares”),
of which 34,500,000 are outstanding, 20,000,000 Class B ordinary shares, (“Class B Ordinary Shares” and, together
with the Class A Ordinary Shares, “Ordinary Shares”), of which 8,625,000 are outstanding, and 1,000,000 preferred
shares (“Preferred Shares”), of which none are outstanding. All outstanding Ordinary Shares have been duly authorized
and validly issued, are fully paid and nonassessable and were not issued in violation of (or subject to) any preemptive rights
(including any preemptive rights set forth in the Organizational Documents (as such term is defined in the Transaction Agreement)
of the Company), rights of first refusal or similar rights. As of the date hereof (and, prior to giving effect to the consummation
of the Transaction and this Offering), the Company has issued 25,900,000 warrants (“Company Warrants”), each
such Company Warrant entitling the holder thereof to purchase one Class A Ordinary Share. Other than the Company Warrants, there
are no options, warrants, equity securities, calls, rights, commitments or agreements to which the Company is a party or by which
the Company is bound obligating the Company to issue, exchange, transfer, deliver or sell, or cause to be issued, exchanged, transferred,
delivered or sold, additional Ordinary Shares or other equity interests of the Company or any security or rights convertible into
or exchangeable or exercisable for any Ordinary Shares or other equity interests of the Company, or obligating the Company to enter
into any commitment or agreement containing such obligation.

 

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j. The issued and outstanding
Class A Ordinary Shares are registered pursuant to Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), and are listed for trading on the Nasdaq Capital Market under the symbol “THBR.” There is no suit, action,
proceeding or investigation pending or, to the knowledge of the Company, threatened against the Company by Nasdaq or the United
States Securities and Exchange Commission (the “SEC”) with respect to any intention by such entity to deregister
the Class A Ordinary Shares or prohibit or terminate the listing of the Class A Ordinary Shares on Nasdaq, excluding, for the purposes
of clarity, the customary ongoing review by Nasdaq of the Company’s listing application with respect to the Transaction.

 

k. As of their respective
dates, all forms, reports, statements, schedules, proxies, registration statements and other documents filed by the Company with
the SEC prior to the date of this Subscription Agreement (the “SEC Reports”) complied in all material respects
with the applicable requirements of the Securities Act, the Exchange Act and the rules and regulations of the SEC promulgated thereunder,
and none of the SEC Reports, when filed, contained any untrue statement of a material fact or omitted to state a material fact
required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which
they were made, not misleading. The financial statements of the Company included in the SEC Reports comply in all material respects
with applicable accounting requirements and the rules and regulations of the SEC with respect thereto as in effect at the time
of filing and fairly present in all material respects the financial position of the Company as of and for the dates thereof and
the results of operations and cash flows for the periods then ended, subject, in the case of unaudited statements, to normal, year-end
audit adjustments. A copy of each SEC Report is available to the undersigned via the SEC’s EDGAR system. There are no outstanding
or unresolved comments in comment letters received by the Company from the staff of the Division of Corporation Finance of the
SEC with respect to any of the SEC Reports.

 

l. The Company is in
compliance with all applicable laws, except where such non-compliance would not reasonably be expected to have a Material Adverse
Effect. The Company has not received any written communication from a governmental entity that alleges that the Company is not
in compliance with or is in default or violation of any applicable law, except where such non-compliance, default or violation
would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect.

 

m. The Company is not
required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or registration with,
any court or other federal, state, local or other governmental authority, self-regulatory organization or other person in connection
with the execution, delivery and performance by the Company of this Subscription Agreement (including, without limitation, the
issuance of the Shares), other than (i) the filing with the SEC of the Registration Statement (as defined below), (ii) filings
required by applicable state securities laws, (iii) the filing of a Notice of Exempt Offering of Securities on Form D with the
SEC under Regulation D of the Securities Act (if any), (iv) those required by Nasdaq, including with respect to obtaining approval
of the Company’s stockholders; and (v) any filing, the failure of which to obtain would not be reasonably likely to have,
individually or in the aggregate, a Material Adverse Effect.

 

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n. The Company has
not entered into any side letter or similar agreement with any investor in connection with such investor’s direct or indirect
investment in the Company other than (i) the Transaction Agreement, and (ii) the Other Subscription Agreements. The Other Subscription
Agreements reflect the same per share Purchase Price and terms that are no more favorable to any such Other Subscriber thereunder
than the terms of this Subscription Agreement and, will not and, as of the Closing Date, have not, been amended in any material
respect following the date of this Subscription Agreement.

 

o. The Company acknowledges
and agrees that, notwithstanding anything herein to the contrary, the Shares may be pledged by undersigned in connection with a
bona fide margin agreement, which shall not be deemed to be a transfer, sale or assignment of the Shares hereunder, and the undersigned
effecting a pledge of Shares shall not be required to provide the Company with any notice thereof or otherwise make any delivery
to the Company pursuant to this Agreement. The Company hereby agrees to execute and deliver such documentation as a pledgee of
the Shares may reasonably request in connection with a pledge of the Shares to such pledgee by the undersigned.

 

p. The Company is not,
and has not been during the applicable period specified in Section 897(c)(1)(A)(ii) of the Internal Revenue Code of 1986, as amended
(the “Code”), a “United States real property holding corporation” within the meaning of Section
897(c)(2) of the Code.

 

q. Except as provided
in the Transaction Agreement, to the knowledge of the Company no additional payments or consideration are anticipated to be made
or paid to the equityholders of Indie Semiconductor in connection with the Transaction.

 

r. The Company understands
that the foregoing representations and warranties shall be deemed material and to have been relied upon by the undersigned.

 

5. Subscriber
Representations, Warranties and Covenants. The undersigned represents and warrants to the Company and the Placement Agents
that:

 

a. At the time the
undersigned was offered the Shares, it was, and as of the date hereof, the undersigned is (i) a “qualified institutional
buyer” (as defined in Rule 144A under the Securities Act) or an institutional “accredited investor” (within the
meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act, in each case, satisfying the requirements set forth on Schedule
A hereto), and (ii) is acquiring the Shares only for his, her or its own account or for an account over which it exercises
sole discretion for another qualified institutional buyer or accredited investor and (iii) not for the account of others, and not
on behalf of any other account or person or with a view to, or for offer or sale in connection with, any distribution thereof in
violation of the Securities Act (and shall provide the requested information on Schedule A following the signature page
hereto). The undersigned is not an entity formed for the specific purpose of acquiring the Shares. The undersigned understands
and acknowledges that the purchase and sale of the Shares hereunder meets the exemptions from filing under FINRA Rule 5123(b)(1)(C)
or (J).

 

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b. The
undersigned understands that the Shares are being offered in a transaction not involving any public offering within the
meaning of the Securities Act and that the Shares delivered at the Closing have not been registered under the Securities Act.
The undersigned understands that the Shares may not be resold, transferred, pledged or otherwise disposed of by the
undersigned absent an effective registration statement under the Securities Act except (i) to the Company or a subsidiary
thereof, (ii) to non-U.S. persons pursuant to offers and sales that occur outside the United States within the meaning of
Regulation S under the Securities Act or (iii) pursuant to another applicable exemption from the registration requirements of
the Securities Act, and in each of cases (i) and (iii) in accordance with any applicable securities laws of the states and
other jurisdictions of the United States, and that any certificates representing the Shares delivered at the Closing shall
contain a legend to such effect. The undersigned acknowledges that the Shares will not be eligible for resale pursuant to
Rule 144A promulgated under the Securities Act. The undersigned understands and agrees that the Shares, until registered
under an effective registration statement, will be subject to transfer restrictions and, as a result of these transfer
restrictions, the undersigned may not be able to readily resell the Shares and may be required to bear the financial risk of
an investment in the Shares for an indefinite period of time. The undersigned understands that it has been advised to consult
legal counsel prior to making any offer, resale, pledge or transfer of any of the Shares.

 

c. The undersigned
understands and agrees that the undersigned is purchasing Shares directly from the Company. The undersigned further acknowledges
that there have been no representations, warranties, covenants and agreements made to the undersigned by the Company, or any of
its officers or directors, expressly (other than those representations, warranties, covenants and agreements included in this Subscription
Agreement) or by implication.

 

d. The undersigned’s
acquisition and holding of the Shares will not constitute or result in a non-exempt prohibited transaction under Section 406 of
the Employee Retirement Income Security Act of 1974, as amended, Section 4975 of the Internal Revenue Code of 1986, as amended,
or any applicable similar law.

 

e. The undersigned
acknowledges and agrees that the undersigned has received such information as the undersigned deems necessary in order to make
an investment decision with respect to the Shares. Without limiting the generality of the foregoing, the undersigned acknowledges
that it has reviewed (i) the SEC Reports, (ii) the Transaction Agreement, a copy of which will be filed by the Company with the
SEC, and (iii) the investor presentation by the Company and Indie Semiconductor, a copy of which will be furnished by the Company
to the SEC ((i), (ii) and (iii) together, the “Investor Disclosure Package”). The undersigned represents and
agrees that the undersigned and the undersigned’s professional advisor(s), if any, have had the full opportunity to ask the
Company’s management questions, receive such answers and obtain such information as the undersigned and such undersigned’s
professional advisor(s), if any, have deemed necessary to make an investment decision with respect to the Shares. The undersigned
further acknowledges that the information contained in the Investor Disclosure Package is preliminary and subject to change, and
that any changes to the information contained in the Investor Disclosure Package, including, without limitation, any changes based
on updated information or changes in terms of the Transaction, shall in no way affect the undersigned’s obligation to purchase
the Shares hereunder, except as otherwise provided herein.

 

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f. The
undersigned became aware of this Offering of the Shares solely by means of direct contact between the undersigned and the
Company, the Placement Agents or a representative of the Company or Placement Agents, and the Shares were offered to the
undersigned solely by direct contact between the undersigned and the Company, the Placement Agents or a representative of the
Company or Placement Agents. The undersigned acknowledges that the Company represents and warrants that the Shares (i) were
not offered by any form of general solicitation or general advertising and (ii) are not being offered in a manner involving a
public offering under, or in a distribution in violation of, the Securities Act, or any state securities laws. The
undersigned has a substantive pre-existing relationship with the Company, Indie Semiconductor or its affiliates or a
Placement Agent for the Offering of the Shares.

 

g. The undersigned
acknowledges that it is aware that there are substantial risks incident to the purchase and ownership of the Shares, including
those set forth in the Investor Disclosure Package and in the SEC Reports. The undersigned has such knowledge and experience in
financial and business matters as to be capable of evaluating the merits and risks of an investment in the Shares, and the undersigned
has sought such accounting, legal and tax advice as the undersigned has considered necessary to make an informed investment decision.

 

h. Alone, or together
with any professional advisor(s), the undersigned has adequately analyzed and fully considered the risks of an investment in the
Shares and determined that the Shares are a suitable investment for the undersigned and that the undersigned is able at this time
and in the foreseeable future to bear the economic risk of a total loss of the undersigned’s investment in the Company. The
undersigned acknowledges specifically that a possibility of total loss exists.

 

i. In making its decision
to purchase the Shares, the undersigned has relied solely upon independent investigation made by the undersigned and the representations
and warranties set forth herein. Without limiting the generality of the foregoing, the undersigned has not relied on any statements
or other information provided by the Placement Agents concerning the Company or the Shares or the offer and sale of the Shares.

 

j. The undersigned
understands and agrees that no federal or state agency has passed upon or endorsed the merits of the Offering of the Shares or
made any findings or determination as to the fairness of this investment or the accuracy or adequacy of the Investor Disclosure
Package or the SEC Reports.

 

k. The undersigned
has been duly formed or incorporated and is validly existing in good standing under the laws of its jurisdiction of incorporation
or formation.

 

l. The execution,
delivery and performance by the undersigned of this Subscription Agreement are within the powers of the undersigned, have
been duly authorized and will not constitute or result in a breach or default under or conflict with any order, ruling or
regulation of any court or other tribunal or of any governmental commission or agency, or any agreement or other undertaking,
to which the undersigned is a party or by which the undersigned is bound, and, if the undersigned is not an individual, will
not violate any provisions of the undersigned’s charter documents, including, without limitation, its incorporation or
formation papers, bylaws, indenture of trust or partnership or operating agreement, as may be applicable, which would
reasonably be expected to materially affect the legal authority of the undersigned to comply in all material respects with
the terms of this Subscription Agreement. The signature on this Subscription Agreement is genuine, and the signatory, if the
undersigned is an individual, has legal competence and capacity to execute the same or, if the undersigned is not an
individual the signatory has been duly authorized to execute the same, and this Subscription Agreement constitutes a legal,
valid and binding obligation of the undersigned, enforceable against the undersigned in accordance with its terms, except as
may be limited or otherwise affected by (i) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or
other laws relating to or affecting the rights of creditors generally, and (ii) principles of equity, whether considered at
law or equity.

 

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m. Neither the due
diligence investigation conducted by the undersigned in connection with making its decision to acquire the Shares nor any representations
and warranties made by the undersigned herein shall modify, amend or affect the undersigned’s right to rely on the truth,
accuracy and completeness of the Company’s representations and warranties contained herein.

 

n. The undersigned
is not (i) a person or entity named on the List of Specially Designated Nationals and Blocked Persons administered by the U.S.
Treasury Department’s Office of Foreign Assets Control (“OFAC”) or in any Executive Order issued by the
President of the United States and administered by OFAC (“OFAC List”), or a person or entity prohibited by any
OFAC sanctions program, (ii) a Designated National as defined in the Cuban Assets Control Regulations, 31 C.F.R. Part 515, or (iii)
a non-U.S. shell bank or providing banking services indirectly to a non-U.S. shell bank (collectively, a “Prohibited Investor”).
The undersigned agrees to provide law enforcement agencies, if requested thereby, such records as required by applicable law, provided
that the undersigned is permitted to do so under applicable law. If the undersigned is a financial institution subject to the Bank
Secrecy Act (31 U.S.C. Section 5311 et seq.) (the “BSA”), as amended by the USA PATRIOT Act of 2001 (the “PATRIOT
Act”), and its implementing regulations (collectively, the “BSA/PATRIOT Act”), the undersigned maintains
policies and procedures reasonably designed to comply with applicable obligations under the BSA/PATRIOT Act. To the extent required,
it maintains policies and procedures reasonably designed for the screening of its investors against the OFAC sanctions programs,
including the OFAC List. To the extent required, it maintains policies and procedures reasonably designed to ensure that the funds
held by the undersigned and used to purchase the Shares were legally derived.

 

o. No disclosure or
offering document has been prepared by any Placement Agent in connection with the offer and sale of the Shares.

 

p. None of the Placement
Agents nor any of their respective members, directors, officers, employees, representatives and controlling persons have made any
independent investigation with respect to the Company or the Shares or the accuracy, completeness or adequacy of any information
supplied to the undersigned by the Company.

 

q. In connection with
the issue and purchase of the Shares, no Placement Agent has acted as the undersigned’s financial advisor or fiduciary.

 

r. The undersigned
will deliver on the Closing Date a signed copy of the “investor representation letter” in substantially the form attached
as Schedule A hereto.

 

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6. Registration
Rights.

 

a. The Company agrees
that, prior to the date that is 30 calendar days after the consummation of the Transaction (the “Filing Date”),
the Company (or its successor) will file with the SEC (at the Company’s sole cost and expense) a registration statement registering
the resale of the Shares (the “Registration Statement”), and the Company shall use its commercially reasonable
efforts to have the Registration Statement declared effective as soon as practicable after the filing thereof, but not later than
the earlier of (i) 90 calendar days (or 120 calendar days if the SEC notifies the Company that it will “review” the
Registration Statement) following the Closing and (ii) five (5) business days after the date the Company is notified (orally or
in writing, whichever is earlier) by the SEC that the Registration Statement will not be “reviewed” or will not be
subject to further comments from the SEC (the “Effectiveness Date”). The Company agrees that the Company will
cause such Registration Statement or another registration statement (which may be a “shelf” registration statement)
to remain effective until the earlier of (i) two years from the issuance of the Shares, or (ii) on the first date on which the
undersigned can sell all of its Shares (or shares received in exchange therefor) under Rule 144 of the Securities Act without limitation
as to the manner of sale or the amount of such securities that may be sold (the “Registration Period”). The
undersigned agrees to disclose its beneficial ownership, as determined in accordance with Rule 13d-3 of the Exchange Act, of Shares
to the Company (or its successor) upon request to assist the Company in making the determination described above. The Company’s
obligations to include the Shares in the Registration Statement are contingent upon the undersigned furnishing in writing to the
Company such information regarding the undersigned, the securities of the Company held by the undersigned and the intended method
of disposition of the Shares as shall be reasonably requested by the Company to effect the registration of the Shares, and shall
execute such documents in connection with such registration as the Company may reasonably request that are customary of a selling
stockholder in similar situations, provided that the undersigned shall not in connection with the foregoing be required to execute
any lock-up or similar agreement or otherwise be subject to any contractual restriction on the ability to transfer the Shares.
Any failure by the Company to file the Registration Statement by the Filing Date or to effect such Registration Statement by the
Effectiveness Date shall not otherwise relieve the Company of its obligations to file or effect the Registration Statement as set
forth in this Section 6.

 

b. In the case of the
registration, qualification, exemption or compliance effected by the Company pursuant to this Agreement, the Company shall, upon
reasonable request, inform the undersigned as to the status of such registration, qualification, exemption and compliance. At its
expense, the Company shall:

 

i. except
for such times as the Company is permitted hereunder to suspend the use of the prospectus forming part of a Registration Statement,
use its commercially reasonable efforts to keep such registration, and any qualification, exemption or compliance under state securities
laws which the Company determines to obtain, continuously effective with respect to the undersigned, and to keep the applicable
Registration Statement or any subsequent shelf registration statement free of any material misstatements or omissions for the Registration
Period;

 

    11

     

    

 

ii.
advise the undersigned within five (5) business days: (A) when a Registration Statement or any amendment thereto has been
filed with the SEC and when such Registration Statement or any post-effective amendment thereto has become effective; (B) of
the issuance by the SEC of any stop order suspending the effectiveness of any Registration Statement or the initiation of any
proceedings for such purpose; (C) of the receipt by the Company of any notification with respect to the suspension of the
qualification of the Shares included therein for sale in any jurisdiction or the initiation or threatening of any proceeding
for such purpose; and (D) subject to the other provisions of this Agreement, of the occurrence of any event that requires the
making of any changes in any Registration Statement or prospectus so that, as of such date, the statements therein are not
misleading and do not omit to state a material fact required to be stated therein or necessary to make the statements therein
(in the case of a prospectus, in the light of the circumstances under which they were made) not misleading; provided,
however, that the Company shall not, when so advising the undersigned of such events, provide the undersigned with any
material, nonpublic information regarding the Company other than to the extent that providing notice to the undersigned of
the occurrence of the events listed in (A) through (D) above constitutes material, nonpublic information regarding the
Company;

 

iii. use
its commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of any Registration Statement
as soon as reasonably practicable;

 

iv. upon
the occurrence of any event contemplated above, except for such times as the Company is permitted hereunder to suspend, and has
suspended, the use of a prospectus forming part of a Registration Statement, the Company shall use its commercially reasonable
efforts to prepare as soon as reasonably practicable a post-effective amendment to such Registration Statement or a supplement
to the related prospectus, or file any other required document so that, as thereafter delivered to purchasers of the Shares included
therein, such prospectus will not include any untrue statement of a material fact or omit to state any material fact necessary
to make the statements therein, in the light of the circumstances under which they were made, not misleading;

 

v. use its
commercially reasonable efforts to cause all Shares to be listed on each securities exchange or market, if any, on which the shares
of Class A Ordinary Shares have been listed; and

 

vi. use its
commercially reasonable efforts (x) to take all other steps necessary to effect the registration of the Shares contemplated herein
and (y) for so long as the undersigned holds Shares, to file all reports and other materials required to be filed by the Exchange
Act so long as the Company remains subject to such requirements and the filing of such reports and other documents is required
for the applicable provisions of Rule 144 to enable the undersigned to sell the Shares under Rule 144.

 

    12

     

    

 

c. The Company
may delay filing or suspend the use of any such registration statement if it determines that in order for the registration
statement to not contain a material misstatement or omission, an amendment thereto would be needed, or if such filing or use
could materially affect a bona fide business or financing transaction of the Company or would require premature disclosure of
information that could materially adversely affect the Company (each such circumstance, a “Suspension
Event”); provided, that, (i) the Company shall not so delay filing or so suspend the use of the Registration
Statement for a period of more than sixty (60) consecutive days or more than two (2) times in any three hundred and sixty
(360) day period and (ii) the Company shall use commercially reasonable efforts to make such registration statement available
for the sale by the undersigned of such securities as soon as practicable thereafter. Upon receipt of any written notice from
the Company (which notice shall not contain any material non-public information regarding the Company) of the happening of
any Suspension Event during the period that the Registration Statement is effective or if as a result of a Suspension Event
the Registration Statement or related prospectus contains any untrue statement of a material fact or omits to state any
material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under
which they were made (in the case of the prospectus) not misleading, the undersigned agrees that it will immediately
discontinue offers and sales of the Shares under the Registration Statement (excluding, for the avoidance of doubt, sales
conducted pursuant to Rule 144) until the undersigned receives copies of a supplemental or amended prospectus (which the
Company agrees to promptly prepare) that corrects the misstatement(s) or omission(s) referred to above and receives notice
that any post-effective amendment has become effective or unless otherwise notified by the Company that it may resume such
offers and sales. If so directed by the Company, the undersigned will deliver to the Company or, in the undersigned’s
sole discretion destroy, all copies of the prospectus covering the Shares in the undersigned’s possession; provided,
however, that this obligation to deliver or destroy all copies of the prospectus covering the Shares shall not apply (i) to
the extent the undersigned is required to retain a copy of such prospectus (a) in order to comply with applicable legal,
regulatory, self-regulatory or professional requirements or (b) in accordance with a bona fide pre-existing document
retention policy or (ii) to copies stored electronically on archival servers as a result of automatic data back-up. Not less
than three (3) business days prior to filing the Registration Statement (or any amendment thereto), the Company will provide
the undersigned an opportunity to review and comment on the disclosure regarding the undersigned.

 

d. For purposes of
this Section 6, “Shares” shall mean, as of any date of determination, the Shares purchased by the undersigned pursuant
to this Agreement and any other equity security issued or issuable with respect to the Shares by way of share split, dividend,
distribution, recapitalization, merger, exchange, replacement or similar event, including any equity securities of Surviving Pubco
received with respect to the Shares pursuant to the Transaction.

 

e. The Company
shall, notwithstanding any termination of this Subscription Agreement, indemnify, defend and hold harmless the undersigned
(to the extent a seller under the Registration Statement), the officers, directors, agents, partners, members, managers,
stockholders, affiliates, employees and investment advisers of the undersigned, each person who controls the undersigned
(within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) and the officers, directors,
partners, members, managers, stockholders, agents, affiliates, employees and investment advisers of each such controlling
person, to the fullest extent permitted by applicable law, from and against any and all losses, claims, damages, liabilities,
costs (including, without limitation, reasonable external attorneys’ fees) and expenses (collectively,
“Losses”), as incurred, that arise out of or are based upon (i) any untrue or alleged untrue statement of
a material fact contained in the Registration Statement, any prospectus included in the Registration Statement or any form of
prospectus or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to any
omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements
therein (in the case of any prospectus or form of prospectus or supplement thereto, in light of the circumstances under which
they were made) not misleading, or (ii) any violation or alleged violation by the Company of the Securities Act, Exchange Act
or any state securities law or any rule or regulation thereunder, in connection with the performance of its obligations under
this Section 6, except to the extent, but only to the extent, that such untrue statements, alleged untrue statements,
omissions or alleged omissions are based upon information regarding the undersigned furnished in writing to the Company by
the undersigned expressly for use therein. The Company shall notify the undersigned promptly of the institution, threat or
assertion of any proceeding arising from or in connection with the transactions contemplated by this Section 6 of which the
Company is aware. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf
of an indemnified party and shall survive the transfer of the Shares by the undersigned. Notwithstanding the forgoing, the
Company’s indemnification obligations shall not apply to amounts paid in settlement of any Losses or action if such
settlement is effected without the prior written consent of the Company (which consent shall not be unreasonably withheld or
delayed).

 

    13

     

    

 

f. The undersigned
shall, severally and not jointly with any other subscriber in the Offering, indemnify and hold harmless the Company, its directors,
officers, agents and employees, each person who controls the Company (within the meaning of Section 15 of the Securities Act and
Section 20 of the Exchange Act), and the directors, officers, agents or employees of such controlling persons, to the fullest extent
permitted by applicable law, from and against all Losses, as incurred, arising out of or are based upon any untrue or alleged untrue
statement of a material fact contained in any Registration Statement, any prospectus included in the Registration Statement, or
any form of prospectus, or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating
to any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein
(in the case of any prospectus, or any form of prospectus or supplement thereto, in light of the circumstances under which they
were made) not misleading to the extent, but only to the extent, that such untrue statements or omissions are based upon information
regarding the undersigned furnished in writing to the Company by the undersigned expressly for use therein. In no event shall the
liability of the undersigned be greater in amount than the dollar amount of the net proceeds received by the undersigned upon the
sale of the Shares giving rise to such indemnification obligation. Notwithstanding the forgoing, the undersigned’s indemnification
obligations shall not apply to amounts paid in settlement of any Losses or action if such settlement is effected without the prior
written consent of the undersigned (which consent shall not be unreasonably withheld or delayed).

 

7. Termination.
This Subscription Agreement shall terminate and be void and of no further force and effect, and all rights and obligations of
the parties hereunder shall terminate without any further liability on the part of any party in respect thereof, upon the earlier
to occur of (a) such date and time as the Transaction Agreement is terminated in accordance with its terms, (b) upon the mutual
written agreement of each of the parties hereto to terminate this Subscription Agreement or (c) the transactions contemplated
by this Subscription Agreement are not consummated prior to June 30, 2021; provided that nothing herein will relieve any
party from liability for any willful breach hereof prior to the time of termination, and each party will be entitled to any remedies
at law or in equity to recover reasonable and documented out-of-pocket losses, liabilities or damages arising from such breach.
The Company shall promptly notify the undersigned of the termination of the Transaction Agreement promptly after the termination
of such agreement. 

 

    14

     

    

 

8. Trust
Account Waiver. Reference is made to the final prospectus of the Company, filed with the SEC (File No. 333-232688)
(the “Prospectus”), and dated as of August 8, 2019. The Company shall provide the undersigned with a copy
of the Prospectus upon request and the undersigned hereby represents and warrants that it understands that the Company has
established a trust account (the “Trust Account”) containing the proceeds of its initial public offering
(the “IPO”) and from certain private placements occurring simultaneously with the IPO (including interest
accrued from time to time thereon) for the benefit of the Company’s public stockholders (including overallotment shares
acquired by the Company’s underwriters, the “Public Stockholders”), and that, except as otherwise
described in the Prospectus, the Company may disburse monies from the Trust Account only: (a) to the Public Stockholders in
the event they elect to redeem their Company shares in connection with the consummation of the Company’s initial
business combination (as such term is used in the Prospectus) (the “Business Combination”) or in
connection with an extension of the deadline to consummate a Business Combination, (b) to the Public Stockholders if the
Company fails to consummate a Business Combination within twenty-four (24) months after the closing of the IPO, (c) with
respect to any interest earned on the amounts held in the Trust Account, as necessary to pay any franchise or income taxes or
(d) to the Company after or concurrently with the consummation of a Business Combination. For and in consideration of the
Company entering into this Subscription Agreement, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the undersigned, on behalf of itself and its controlling persons acting on its behalf,
hereby agrees that, notwithstanding anything to the contrary in this Subscription Agreement, (i) it and its controlling
persons acting on its behalf do not now and shall not at any time hereafter have any right, title, interest or claim of any
kind in or to any assets held in the Trust Account (including distributions directly or indirectly to public stockholders
therefrom (“Public Distributions”)) arising from, as a result of or in connection with this Subscription
Agreement, any ancillary documents entered in connection herewith, the transactions contemplated hereby or thereby, or any
discussions in connection therewith, (ii) agrees that it shall not make any claim against the Trust Account (including Public
Distributions) arising from, as a result of or in connection with this Subscription Agreement, any ancillary documents
entered in connection herewith, the transactions contemplated hereby or thereby, or any discussions in connection therewith,
regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability (collectively,
the “Released Claims”), (iii) it and its controlling persons acting on its behalf shall not make any claim
against the Trust Account (including Public Distributions) for any Released Claims, (iv) it and its controlling persons
acting on its behalf hereby irrevocably waive any Released Claims that it or its controlling persons acting on its behalf may
have against the Trust Account (including any Public Distributions) now or in the future, (v) it and its controlling persons
acting on its behalf will not seek recourse against the Trust Account (including Public Distributions) in respect of any
Released Claims, and (vi) such irrevocable waiver set forth herein is material to this Subscription Agreement and
specifically relied upon by the Company and its affiliates to induce the Company to enter in this Subscription Agreement, and
the undersigned further intends and understands such waiver to be valid, binding and enforceable under applicable law against
the undersigned and each of its controlling persons acting on its behalf, except as may be limited or otherwise affected by
(i) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other laws relating to or affecting the
rights of creditors generally, and (ii) principles of equity, whether considered at law or equity. For the avoidance of
doubt, the parties acknowledge that the undersigned and its controlling persons acting on its behalf are not releasing or
waiving any rights that they may have as Public Stockholders to receive funds from the Trust Account in their capacity as
Public Stockholders upon the redemption of their shares of the Company or the liquidation of the Company, as described in the
Prospectus or any other right, title, interest or claim to the Trust Account by virtue of undersigned’s record or
beneficial ownership of securities of the Company acquired by any means other than pursuant to this Subscription Agreement.
Notwithstanding anything to the contrary contained in this Subscription Agreement, the provisions of this Section 8 shall
survive the Closing or any termination of this Subscription Agreement and last indefinitely.

 

    15

     

    

 

9. Miscellaneous.

 

a. Neither this Subscription
Agreement nor any rights that may accrue to the undersigned hereunder (other than the Shares acquired hereunder, if any) may be
transferred or assigned; provided that the undersigned may assign its rights and obligations hereunder pursuant to a joinder to
this Subscription Agreement in form and substance reasonably satisfactory to the Company, to one or more funds or investment vehicles
advised or managed by the undersigned or its affiliates, but such assignment shall not relieve the undersigned from any of its
obligations or liabilities hereunder. At the Closing, the number of Shares delivered pursuant to this Subscription Agreement by
the Company to the undersigned and its permitted assignees shall equal, in the aggregate, the number of Shares set forth on the
undersigned’s signature page hereto.

 

b. The Company may
request from the undersigned such additional information as the Company may deem necessary to evaluate the eligibility of the undersigned
to acquire the Shares, and the undersigned shall provide such information as may reasonably be requested to the Company promptly
upon such request, to the extent readily available and to the extent consistent with its internal policies and procedures; provided,
that the Company agrees to keep such information confidential.

 

c. The undersigned
acknowledges that the Company, the Placement Agents and others will rely on the acknowledgments, understandings, agreements, representations
and warranties contained in this Subscription Agreement. Prior to the Closing, the undersigned agrees to promptly notify the Company
if any of the acknowledgments, understandings, agreements, representations and warranties of the undersigned set forth herein are
no longer accurate. The parties further acknowledge and agree that the Placement Agents are third-party beneficiaries of the representations
and warranties of the parties contained in this Subscription Agreement.

 

d. The Company
and the undersigned are entitled to rely upon this Subscription Agreement and is irrevocably authorized to produce this
Subscription Agreement or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry
with respect to the matters covered hereby. The undersigned shall consult with the Company in issuing any press release or
making any other similar public statement with respect to the transactions contemplated hereby, and the undersigned shall not
issue any such press release or make any such public statement without the prior consent (such consent not to be unreasonably
withheld or delayed) of the Company, provided that the consent of the Company shall not be required if such disclosure is
required by law, in which case the undersigned shall promptly provide the other party with prior notice of such disclosure.
Notwithstanding the foregoing, the Company shall not publicly disclose the name of the undersigned or any affiliate or
investment adviser of the undersigned without the prior written consent (including by e-mail) of the undersigned, except as
required by the federal securities laws, rules or regulations and to the extent such disclosure is required by other laws,
rules or regulations, at the request of the staff of the Commission or regulatory agency or under Nasdaq regulations, in
which case the Company shall provide the undersigned with prior written notice (including by e-mail) of such permitted
disclosure, and shall reasonably consult with the undersigned regarding such disclosure. The undersigned hereby consents to
the Company issuing a press release in the form attached hereto as Schedule B.

 

    16

     

    

 

e. All the agreements,
representations and warranties made by each party hereto in this Subscription Agreement shall survive the Closing.

 

f. The Company shall,
by 9:00 a.m., New York City time, on the first (1st) business day immediately following the date of this Subscription Agreement,
issue one or more press releases or file with the SEC a Current Report on Form 8-K (collectively, the “Disclosure Document”)
disclosing, to the extent not previously publicly disclosed, all material terms of the transactions contemplated hereby (and of
the Other Subscription Agreements entered into prior to the release or filing of such Disclosure Document in connection with the
Offering), the Transaction and any other material, nonpublic information that the Company has, directly or indirectly through the
Placement Agents, provided to the undersigned at any time prior to the filing of the Disclosure Document. Upon the issuance of
the Disclosure Document, the undersigned shall not be in possession of any material, non-public information received directly from
the Company or any of its officers, directors or employees or indirectly from the Placement Agents and the undersigned shall no
longer be subject to any confidentiality or similar obligations under any current agreement, whether written or oral with the Company,
the Placement Agents or any of their respective affiliates.

 

g. This Subscription
Agreement may not be modified, waived or terminated except by an instrument in writing, signed by the party against whom enforcement
of such modification, waiver, or termination is sought.

 

h. This Subscription
Agreement constitutes the entire agreement, and supersedes all other prior agreements, understandings, representations and warranties,
both written and oral, among the parties, with respect to the subject matter hereof. This Subscription Agreement shall not confer
any rights or remedies upon any person other than the parties hereto, and their respective successor and assigns.

 

i. This Subscription
Agreement shall be binding upon, and inure to the benefit of the parties hereto and their heirs, executors, administrators, successors,
legal representatives, and permitted assigns, and the agreements, representations, warranties, covenants and acknowledgments contained
herein shall be deemed to be made by, and be binding upon, such heirs, executors, administrators, successors, legal representatives
and permitted assigns.

 

j. If any provision
of this Subscription Agreement shall be invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining
provisions of this Subscription Agreement shall not in any way be affected or impaired thereby and shall continue in full force
and effect.

 

k. This
Subscription Agreement may be executed in one or more counterparts (including by facsimile or electronic mail or in .pdf) and
by different parties in separate counterparts, with the same effect as if all parties hereto had signed the same document.
All counterparts so executed and delivered shall be construed together and shall constitute one and the same agreement.

 

    17

     

    

 

l. The parties hereto
agree that irreparable damage would occur in the event that any of the provisions of this Subscription Agreement were not performed
in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled
to an injunction or injunctions to prevent breaches of this Subscription Agreement and to enforce specifically the terms and provisions
of this Subscription Agreement, this being in addition to any other remedy to which such party is entitled at law, in equity, in
contract, in tort or otherwise.

 

m. THIS SUBSCRIPTION
AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE PRINCIPLES
OF CONFLICTS OF LAWS THAT WOULD OTHERWISE REQUIRE THE APPLICATION OF THE LAW OF ANY OTHER STATE. EACH PARTY HERETO HEREBY WAIVES
ANY RIGHT TO A JURY TRIAL IN CONNECTION WITH ANY LITIGATION PURSUANT TO THIS SUBSCRIPTION AGREEMENT AND THE TRANSACTIONS CONTEMPLATED
HEREBY.

 

n. If any change in
the Class A Ordinary Shares shall occur between the date hereof and immediately prior to the Closing by reason of any reclassification,
recapitalization, stock split (including reverse stock split) or combination, exchange or readjustment of shares, or any stock
dividend, the number and type of Shares issued to the undersigned and the Purchase Price shall be appropriately adjusted to reflect
such change.

 

o. All notices and
other communications hereunder shall be in writing and shall be deemed to have been duly given if mailed or transmitted and confirmed
by any standard form of telecommunication.

 

Notice to the Company
shall be given to:

 

Thunder Bridge Acquisition II, Ltd.

9912 Georgetown Pike, Suite D203

Great Falls, Virginia 22066

Attn.: Gary A. Simanson

 

with a copy to (which
shall not constitute notice):

 

Nelson Mullins Riley & Scarborough LLP

101 Constitution Ave NW, Suite 900

Washington, DC 20001

Attn.: Jonathan Talcott and E. Peter Strand

jon.talcott@nelsonmullins.com and peter.strand@nelsonmullins.com

 

and

 

Ellenoff Grossman & Schole LLP

1345 Avenue of the Americas, 11th Floor

New York, New York 10105

Attn.: Douglas Ellenoff, Esq. and Matthew A. Gray,
Esq.

ellenoff@egsllp.com
and mgray@egsllp.com

 

    18

     

    

 

Notice to the Placement
Agents shall be given to:

 

Morgan Stanley &
Co, LLC

1585 Broadway

New York, New York
10036

Attention: Paul Wasinger
and Taylor Wright

 

Deutsche Bank Securities
Inc.

60 Wall Street

New York, New York
10005

Attention: Benjamin
Darsney

with a copy to (which shall not constitute notice):

 

Ropes & Gray LLP

1211 Avenue of the
Americas

New York, New York
10036

Attention: Paul D.
Tropp, Esq. and Christopher J. Capuzzi, Esq.

Paul.tropp@ropesgray.com

 

Notice to Indie Semiconductor
shall be given to:

 

indie Semiconductor

32 Journey

Aliso Viejo, California 92656

Attn.: Tom Schiller, CFO

tom@indiesemi.com

 

With a required copy to (which shall not
constitute notice):

 

Loeb & Loeb LLP

345 Park Avenue

New York, New York
10154

Attn.: Mitchell Nussbaum
and Giovanni Caruso

mnussbaum@loeb.com
and gcaruso@loeb.com

 

10. Non-Reliance
and Exculpation. The undersigned acknowledges that it is not relying upon, and has not relied upon, any statement,
representation or warranty made by any person, firm or corporation (including, without limitation, the Placement Agents, any
of its affiliates or any of its or their control persons, officers, directors and employees), other than the statements,
representations and warranties contained in this Subscription Agreement, in making its investment or decision to invest in
the Company. The undersigned agrees that, without limiting the Company’s obligations hereunder, neither (i) any other
purchaser pursuant to this Subscription Agreement or any other Subscription Agreement related to the private placement of the
Shares (including the respective controlling persons, members, officers, directors, partners, agents, or employees of any
purchaser) nor (ii) absent their own gross negligence, fraud or willful misconduct, Placement Agents, their respective
affiliates or any of their control persons, officers, directors or employees, shall be liable to any other purchaser pursuant
to this Subscription Agreement or any other Subscription Agreement related to the private placement of the Shares for any
action heretofore or hereafter taken or omitted to be taken by any of them in connection with the purchase of the Shares.

 

    19

     

    

 

11. Additional
Agreements.

 

a. Neither the Company
nor any of its affiliates and subsidiaries (if any) (collectively, the “Company Group”) shall identify, or permit
any of its employees, agents or representatives to identify, the undersigned (whether in connection with the Company or in the
undersigned’s capacity as an investor in the Company) in any written or oral public communications or issue any press release
or other disclosure of the undersigned’s name or the name of any of its affiliates, or any derivative of any of the foregoing
names (collectively, the “Investor Names”), in each case except (i) as authorized in writing by the undersigned
in each such instance (electronic mail to suffice) or (ii) as required by applicable law, legal process or regulatory request (“Applicable
Law”); provided, that such disclosing member of the Company Group as soon as practicable notifies the undersigned of
such requirement (except where prohibited by Applicable Law ) so that the undersigned (or its applicable affiliate) may seek a
protective order or other appropriate remedy prior to such disclosure. Notwithstanding the foregoing, the Company may make disclosures
to an auditor or governmental or regulatory authority pursuant to any routine investigation, inspection, examination or inquiry
without providing the undersigned with any notification thereof, unless the undersigned is the subject of any such investigation,
inspection, examination or inquiry (in which case the preceding sentence shall govern).

 

b. Reference is made
to the PPP Loan of $1,868,700.00 received by Indie Semiconductor from East West Bank on April 10, 2020 (the “Loan”).
Notwithstanding anything otherwise permitted under applicable law, Indie Semiconductor shall not seek forgiveness of the Loan or
any other waiver or reduction of payment of the Loan. Indie Semiconductor agrees to repay the Loan in full with all applicable
owed interest and other payments in accordance with the terms of the Loan within 5 days of the Closing.

 

[SIGNATURE PAGES FOLLOW]

 

    20

     

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Subscription Agreement to be duly executed by their respective authorized signatories as of
the date first indicated above.

 

	
        THUNDER BRIDGE ACQUISITION II, LTD.
	 	
        Address for Notice: 

	 	 	 
	 	 	Thunder Bridge Acquisition II, Ltd.
	 	 	9912 Georgetown Pike, Suite D203 
	 	 	Great Falls, Virginia 22066
	 	 	 
	By:	 	 	 
	 	Name: Gary Simanson	 	 
	 	Title: Chief Executive Officer	 	 

 

[Subscription Agreement]

 

    21

     

    

 

[PURCHASER SIGNATURE PAGES TO SUBSCRIPTION
AGREEMENT]

 

IN WITNESS WHEREOF,
the undersigned have caused this Subscription Agreement to be duly executed by their respective authorized signatories as of the
date first indicated above.

 

Name(s) of Subscriber: ________________________________________________________

 

Signature of Authorized Signatory of
Subscriber: __________________________________

 

Name of Authorized Signatory: ____________________________________________________

 

Title of Authorized Signatory: _____________________________________________________

 

Email Address of Authorized Signatory: ______________________________________________

 

Facsimile Number of Authorized Signatory: _____________________________________________

 

Address for Notice to Subscriber:

 

_____________________________________________

 

_____________________________________________

 

_____________________________________________

 

Address for Delivery of Shares to Subscriber (if not same as
address for notice):

 

_____________________________________________

 

_____________________________________________

 

_____________________________________________

 

Subscription Amount: $_________________

 

Shares: _________________

 

EIN Number: _______________________

 

[SIGNATURE PAGES CONTINUE]

 

    22

     

    

 

SCHEDULE A

 

INVESTOR REPRESENTATION LETTER

 

    23

     

    

 

Morgan Stanley & Co, LLC

1585 Broadway

New York, New York 10036

 

Deutsche Bank Securities Inc.

60 Wall Street

New York, New York 10005

 

		Re:	Purchase of shares of common stock (the “Securities”) issued by the successor
to Thunder Bridge Acquisition II, Ltd. (the “Company”)

 

Ladies and Gentlemen:

 

In connection with the offer and sale of
the Securities to be issued by the Company, we represent, warrant, agree and acknowledge as follows:

 

		1.	No disclosure or offering document has been prepared in connection with the offer and sale of the Securities by Morgan Stanley
& Co, LLC or any of its affiliates (“Morgan Stanley”) or Deutsche Bank Securities, Inc. or any of its affiliates
(“DB”).

 

		2.	(a) We have relied solely upon our independent investigation and we have not relied on any statements
or other information provided by Morgan Stanley concerning the Company or the Securities or the offer and sale of the Securities;
(b) we have received such information as we deem necessary in order to make an investment decision with respect to the Securities;
(c) we have had the full opportunity to ask the Company’s management questions, receive such answers, and obtain such information
as we and our professional advisor(s), if any, have deemed necessary to make an investment decision with respect to the Securities;
and (d) we have sought such accounting, legal and tax advice as we have considered necessary to make an informed investment decision.

 

		3.	None of Morgan Stanley, DB and their directors, officers, employees, representatives and controlling
persons have made any independent investigation with respect to the Company or the Securities or the accuracy, completeness or
adequacy of any information supplied to us by the Company.

 

		4.	In connection with the issue and purchase of the Securities, neither Morgan Stanley nor DB has
acted as our financial advisor or fiduciary.

 

		5.	We are (x) a “qualified institutional buyer” (as defined in Rule 144A of the Securities
Act of 1933 as amended (the “Securities Act”)), or (y) an institutional “accredited investor” (as
defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act). Accordingly, we understand that and acknowledge that the
purchase and sale of the Securities hereunder meets the exemptions from filing under FINRA Rule 5123(b)(1)(C) or (J).

 

    24

     

    

 

		6.	We are acquiring the Securities only for our own account or for an account over which we exercise
sole discretion for another qualified institutional buyer or accredited investor (each as defined above) and not on the account
of others, and not on behalf of any other account or person or with a view to,
or for offer or sale in connection with, any distribution thereof in violation of the Securities Act.

 

		7.	We have such knowledge and experience in financial and business matters as to be capable of evaluating
the merits and risks of our prospective investment in the Securities; and we are able to, at this time and in the foreseeable future,
bear the economic risk of a total loss of our investment in the Company.

 

		8.	The Securities have not been registered under the Securities Act or any other applicable securities
laws, are being offered for resale in transactions not requiring registration under the Securities Act, and unless so registered,
may not be offered, sold or otherwise transferred except in compliance with the registration requirements of the Securities Act
or any other applicable securities laws, pursuant to any exemption therefrom or in a transaction not subject thereto.

 

	Very truly yours,	 
	 	 
	[NAME OF INVESTOR]	 

 

	By:	 	 
	Name:	 
	Title:	 
	Date:	 

  

    25

     

    

 

SCHEDULE B

 

APPROVED PRESS RELEASE

 

 

26Exhibit 10.2

 

FORM OF

 

EXCHANGE AGREEMENT

 

EXCHANGE AGREEMENT
(this “Agreement”), dated as of [•], 2021, among indie Semiconductor, Inc. (formerly known as Thunder Bridge
II Surviving Pubco, Inc.), a Delaware corporation (the “Corporation”), Ay Dee Kay, LLC, d/b/a indie Semiconductor,
a California limited liability company (“Ay Dee Kay LLC”), and the holders of LLC Units (as defined herein)
from time to time party hereto. Capitalized terms used herein and not otherwise defined shall have the meaning given to them in
that certain Master Transactions Agreement by and among the Corporation, ADK Merger Sub LLC, a Delaware limited liability company,
Ay Dee Kay LLC and certain other parties thereto, dated as of [●], 2020 (the “MTA”).

 

WHEREAS, in accordance
with MTA, the Corporation has agreed to enter into this Agreement pursuant to which the Principal Class A Unitholders (as defined
below) and the Class B Unitholders (as defined below) shall have the right to exchange their LLC Units for shares of Class A Common
Stock (as defined herein), on the terms and subject to the conditions set forth herein.

 

NOW, THEREFORE, in
consideration of the mutual covenants and undertakings contained herein and for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

ARTICLE I

 

SECTION 1.1. Definitions

 

The following definitions
shall be for all purposes, unless otherwise clearly indicated to the contrary, applied to the terms used in this Agreement.

 

“Acceleration” has the
meaning set forth in Section 2.4(b) of this Agreement.

 

“Agreement”
has the meaning set forth in the Preamble to this Agreement.

 

“Ay Dee Kay
LLC” has the meaning set forth in the Preamble to this Agreement.

 

“Ay Dee Kay
LLC Agreement” means the Eighth Amended and Restated Operating Agreement of Ay Dee Kay, LLC, dated on or about the date
hereof, as such agreement may be amended from time to time.

 

“Change of
Control” means the occurrence of any of the following:

 

		a.	if the Corporation engages in a “going private” transaction pursuant to Rule 13e-3
under the Exchange Act or otherwise cease to be subject to reporting obligations under Sections 13 or 15(d) of the Exchange Act;

 

		b.	if the Corporation Class A Common Stock or successor shares to the Class A Common Stock cease to
be listed on a national securities exchange, other than for the failure to satisfy:

 

		i.	any applicable minimum listing requirements, including minimum round lot holder requirements, of
such national securities exchange, unless such failure is caused by an action or omission of the Corporation or its Subsidiaries
taken after the Closing with the primary intent of causing, or which would otherwise reasonably be expected to cause, the Corporation
to violate such applicable minimum listing requirements; or

 

		ii.	a minimum price per share requirement of such national securities exchange;

 

     

     

    

 

		c.	or if any of the following shall occur:

 

		i.	there is consummated a merger or consolidation of the Corporation with any other corporation or
other entity, and, immediately after the consummation of such merger or consolidation, either (x) the Corporation board of directors
immediately prior to the merger or consolidation does not constitute at least a majority of the board of directors of the company
surviving the merger or, if the surviving company is a Subsidiary, the ultimate parent thereof, or (y) the voting securities of
the Corporation immediately prior to such merger or consolidation do not continue to represent or are not converted into more than
50% of the combined voting power of then outstanding voting securities of the Person resulting from such merger or consolidation
or, if the surviving company is a Subsidiary, the ultimate parent thereof; or

 

		ii.	the shareholders of the Corporation approve a plan of complete liquidation or dissolution of the
Corporation or there is consummated an agreement or series of related agreements for the sale, lease or other disposition, directly
or indirectly, by the Corporation of all or substantially all of the asset of the Corporation and its Subsidiaries, taken as a
whole, other than such sale or other disposition by the Corporation of all or substantially all of the assets of the Corporation
and its Subsidiaries, taken as a whole, to an entity at least 50% of the combined voting power of the voting securities of which
are owned by shareholders of the Corporation in substantially the same proportions as their ownership of the Corporation immediately
prior to such sale; or

 

		iii.	any Person or any group of Persons acting together which would constitute a “group”
for purposes of Section 13(d) of the Exchange Act or any successor provisions thereto (excluding a corporation or other entity
owned, directly or indirectly, by the stockholders of the Corporation in substantially the same proportions as their ownership
of stock of the Corporation) is or becomes the Beneficial Owner, directly or indirectly, of securities of the Corporation representing
more than 50% of the combined voting power of the Corporation’s then outstanding voting securities.

 

“Class A Common
Stock” means the Class A common stock, par value $0.0001 per share, of the Corporation.

 

“Class A Units”
has the meaning given to them in the Ay Dee Kay LLC Agreement.

 

“Class B Units”
has the meaning given to them in the Ay Dee Kay LLC Agreement.

 

“Class B Unitholders”
means the holders of Class B Units in Ay Dee Kay LLC.

 

“Class V Common
Stock” means the Class V common stock, par value $0.0001 per share, of the Corporation.

 

“Code” means
the Internal Revenue Code of 1986, as amended.

 

“Corporation”
has the meaning set forth in the Preamble to this Agreement.

 

“Earn Out Exchange”
has the meaning set forth in Section 2.1(a)(iii) of this Agreement.

 

“Earn Out Unit”
has the meaning set forth in Section 2.1(a)(iii) of this Agreement.

 

“Exchange”
has the meaning set forth in Section 2.1(a)(iii) of this Agreement.

 

“Exchange
Date” means the date on which an Exchanging Member exercises his, her or its Exchange right under this Agreement.

 

“Exchanging
Member” mean each Principal Class A Unitholders and Class B Unitholders, in his, her or its capacity as a party to this
Agreement, having the rights and obligations set out in this Agreement.

 

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“Exchange Act”
means the Securities Exchange Act of 1934, as amended.

 

“Exchange
Rate” means 1.0, subject to adjustment pursuant to Section 2.2 hereof.

 

“Fair Market
Value” means, with respect to any shares of Class A Common Stock, the product of (i) the number of such shares of Class
A Common Stock, multiplied by (ii) the average of the VWAP of the Class A Common Stock for each of the seven (7) consecutive Trading
Days ending on the Trading Day immediately preceding the date such Fair Market Value is to be determined pursuant to this Agreement.

 

“LLC Unit”
means (i) each Class A Unit held by the Principal Class A Unitholders and each Class B Unit issued and outstanding, in each case
as of the date hereof and (ii) each Class A Unit and each Class B Unit or other interest in Ay Dee Kay LLC that may be issued by
Ay Dee Kay LLC in the future that is designated as an “LLC Unit”.

 

“LLC Unitholder”
means each holder of one or more LLC Units that may from time to time be a party to this Agreement.

 

“Member”
means a “Member” of Ay Dee Kay LLC, as such term is defined in the Ay Dee Kay LLC Agreement.

 

“MTA”
has the meaning set forth in the Preamble to this Agreement.

 

“Permitted
Transferee” has the meaning given to such term in Section 3.1 of this Agreement.

 

“Principal
Class A Unitholders” means the following Members of Ay Dee Kay LLC: Bison Capital Partners IV, L.P., Donald McClymont,
Ichiro Aoki, Scott Kee, and David Kang.

 

“Principal
Exchange” has the meaning set forth in Section 2.1(a)(i) of this Agreement.

 

“Publicly
Traded” means listed or admitted to trading on the New York Stock Exchange or another national securities exchange or
designated for quotation on the NASDAQ National Market, or any successor to any of the foregoing.

 

“Securities Act” has
the meaning set forth in Section 2.1(e) of this Agreement.

 

“Service Provider
Exchange” has the meaning set forth in Section 2.1(a)(ii) of this Agreement.

 

“Service Provider
Grant Award” means, with respect to each Class B Unitholder, that certain Class B Unit Purchase Agreement by and between
such Class B Unitholder and Ay Dee Kay LLC. 

 

“Trading Day”
means any day on which Class A Common Stock is actually traded on the principal securities exchange or securities market on which
Class A Common Stock is then traded.

 

“VWAP”
means, for any security as of any date(s), the dollar volume-weighted average price for such security on the principal securities
exchange or securities market on which such security is then traded during the period beginning at 9:30:01 a.m., New York time,
and ending at 4:00:00 p.m., New York time, as reported by Bloomberg through its “HP” function (set to weighted average)
or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on
the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time, and ending at 4:00:00
p.m., New York time, as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by
Bloomberg for such hours, the average of the highest closing bid price and the lowest closing ask price of any of the market makers
for such security as reported by OTC Markets Group Inc. If the VWAP cannot be calculated for such security on such date(s) on any
of the foregoing bases, the VWAP of such security on such date(s) shall be the fair market value per share on such date(s) as reasonably
determined by a nationally recognized independent investment banking firm selected by the Corporation.

 

    3

     

    

 

ARTICLE II

 

SECTION 2.1. Exchange of
LLC Units for Class A Common Stock.

 

(a) The Exchanges.

 

(i) Principal
Exchange. With respect to the Principal Class A Unitholders, from and after the six-month anniversary of the Closing, each
Principal Class A Unitholder shall be entitled at any time and from time to time thereafter, upon the terms and subject to the
conditions hereof, to surrender to the Corporation any LLC Units held by such Principal Class A Unitholder as of the Exchange Date,
in exchange for the delivery by the Corporation to such exchanging Principal Class A Unitholder, of a number of shares of Class
A Common Stock that is equal to the product of (i) the number of LLC Units surrendered multiplied by (ii) the
Exchange Rate (such exchange, a “Principal Exchange”).

 

(ii) Service Provider
Exchange. With respect to each of the Class B Unitholders, from and after the later of (i) the six-month anniversary of the
Closing and (ii) the date that is the two year anniversary of the Effective Date as defined in such Class B Unitholder’s
Service Provider Grant Agreement (or if the Class B Unitholder has entered into more than one Service Provider Grant Agreement,
then the date that is the two year anniversary of the Effective Date of the latest Service Provider Grant Agreement entered into
by such Class B Unitholder), each Class B Unitholder shall be entitled at any time and from time to time thereafter, upon the terms
and subject to the conditions hereof, to surrender to the Corporation any or all of the LLC Units held by such Class B Unitholder
as of the Exchange Date, in exchange for the delivery by the Corporation to such exchanging Class B Unitholder, a number of shares
of Class A Common Stock that is equal to the product of (i) the number of LLC Units surrendered multiplied by (ii)
the Exchange Rate (such exchange, a “Service Provider Exchange”); provided, that any portion of
the Class B Units held by a Class B Unitholder that remains subject to forfeiture in accordance with the Service Provider Grant
Agreement shall not be eligible for the Service Provider Exchange until such time as such Class B Units are no longer subject to
forfeiture pursuant to the terms of the applicable Service Provider Grant Agreement.

 

(iii) Earn Out Exchange.
The parties to this Agreement acknowledge and agree that pursuant to Section 2.5 of the MTA (the Earn Out), the Principal Class
A Unitholders and the Class B Unitholders are eligible to receive additional LLC Units in Ay Dee Kay LLC pursuant to the terms
and conditions set forth in the MTA (“Earn Out Unit”), and from and after the six-month anniversary of the Closing,
each Principal Class A Unitholder and Class B Unitholder shall be entitled at any time and from time to time thereafter, upon the
terms and subject to the conditions hereof, to surrender to the Corporation any or all of the Earn Out Units held by such LLC Unitholder,
in exchange for the delivery by the Corporation to such exchanging LLC Unitholder, a number of shares of Class A Common Stock that
is equal to the product of (i) the number of Earn Out Units surrendered multiplied by (ii) the Exchange Rate (such
exchange, an “Earn Out Exchange” and together with the Principal Exchange and the Service Provider Exchange,
the “Exchange”); provided, however, with respect to the Class B Unitholders, a Class B Unitholder
shall not be entitled to an Earn Out Exchange until the later of (x) the six-month anniversary of the Closing and (y) the date
that is the two year anniversary of the Effective Date as defined in such Class B Unitholder’s Service Provider Grant Agreement
(or if the Class B Unitholder has entered into more than one Service Provider Grant Agreement, then the date that is the two year
anniversary of the Effective Date of the latest Service Provider Grant Agreement entered into by such Class B Unitholder).

 

(b) An LLC
Unitholder shall exercise its right to make an Exchange as set forth in Section 2.1(a) above by delivering to the Corporation
and to Ay Dee Kay LLC a written election of exchange in respect of the LLC Units to be exchanged, substantially in the form
of Exhibit A hereto, duly executed by such holder or such holder’s duly authorized attorney, in each
case delivered during normal business hours at the principal executive offices of the Corporation or of Ay Dee Kay LLC . As
promptly as practicable following the delivery of such a written election of exchange (and the concurrent consummation of the
transfer of LLC Units from such LLC Unitholder to the Corporation in connection therewith), the Corporation shall deliver or
cause to be delivered at the offices of then-acting registrar and transfer agent of the Class A Common Stock or, if there is
no then-acting registrar and transfer agent of the Class A Common Stock, at the principal executive offices of the
Corporation, the number of shares of Class A Common Stock deliverable upon such Exchange, registered in the name of the
relevant exchanging LLC Unitholder or its designee. Notwithstanding the foregoing, if the Class A Common Stock is settled
through the facilities of The Depository Trust Company, and the exchanging LLC Unitholder is permitted to hold shares of
Class A Common Stock through The Depository Trust Company, Ay Dee Kay LLC will, subject to Section 2.1(c) hereof, upon the
written instruction of an exchanging LLC Unitholder, use its reasonable best efforts to deliver or cause to be delivered the
shares of Class A Common Stock deliverable to such exchanging LLC Unitholder, through the facilities of The Depository Trust
Company, to the account of the participant of The Depository Trust Company designated by such exchanging LLC Unitholder. The
Corporation, including in its capacity as the Manager of Ay Dee Kay LLC, shall take such actions as may be required to ensure
the performance by Ay Dee Kay LLC of its obligations under this Section 2(b) and the foregoing Section 2(a), including the
issuance and sale of shares of Class A Common Stock to or for the account of Ay Dee Kay LLC in exchange for the delivery to
the Corporation of a number of LLC Units that is equal to the number of LLC Units surrendered by an exchanging LLC
Unitholder. Any LLC Unitholder that surrenders all of the LLC Units held by such LLC Unitholder to the Corporation, for the
account of Ay Dee Kay LLC or to Ay Dee Kay LLC pursuant to this Section 2.1(b) shall concurrently surrender all shares of
Class V Common Stock held by such LLC Unitholder (including any fractions thereof) to the Corporation for no additional
consideration.

 

    4

     

    

 

(c) Ay Dee Kay LLC and
each exchanging LLC Unitholder shall bear its own expenses in connection with the consummation of any Exchange, whether or not
any such Exchange is ultimately consummated, except that Ay Dee Kay LLC shall bear any transfer taxes, stamp taxes or duties, or
other similar taxes in connection with, or arising by reason of, any Exchange; provided, however, that
if any shares of Class A Common Stock are to be delivered in a name other than that of the LLC Unitholder that requested the Exchange,
then such LLC Unitholder and/or the person in whose name such shares are to be delivered shall pay to Ay Dee Kay LLC the amount
of any transfer taxes, stamp taxes or duties, or other similar taxes in connection with, or arising by reason of, such Exchange
or shall establish to the reasonable satisfaction of Ay Dee Kay LLC that such tax has been paid or is not payable.

 

(d) Notwithstanding anything
to the contrary herein, to the extent the Corporation or Ay Dee Kay LLC shall determine that LLC Units do not meet the requirements
of Treasury Regulation section 1.7704-1(h), the Corporation or Ay Dee Kay LLC may impose such restrictions on an Exchange with
respect to such LLC Units as the Corporation or Ay Dee Kay LLC may determine to be necessary or advisable so that Ay Dee Kay LLC
is not treated as a “publicly traded partnership” under Section 7704 of the Code; provided, that each LLC
Unitholder shall be entitled at any time to exchange LLC Units for Class A Common Stock, provided that the transfer satisfies the
“block transfer” exception of Treasury Regulations Section 1.7704-1(e)(2) Notwithstanding anything to the contrary
herein, no Exchange shall be permitted (and, if attempted, shall be void ab initio) if, in the good faith determination
of the Corporation or of Ay Dee Kay LLC, such an Exchange would pose a material risk that Ay Dee Kay LLC would be a “publicly
traded partnership” under Section 7704 of the Code.

 

(e) For the avoidance
of doubt, and notwithstanding anything to the contrary herein, an LLC Unitholder shall not be entitled to effect an Exchange to
the extent the Corporation determines that such Exchange (i) would be prohibited by law or regulation (including, without limitation,
the unavailability of any requisite registration statement filed under the U.S. Securities Act of 1933, as amended (the “Securities
Act”), or any exemption from the registration requirements thereunder) or (ii) would not be permitted under any other
agreements with the Corporation or its subsidiaries to which such LLC Unitholder may be party (including, without limitation, the
Ay Dee Kay LLC Agreement) or any written policies of the Corporation related to unlawful or inappropriate trading applicable to
its directors, officers or other personnel.

 

(f) The Corporation may
adopt reasonable procedures for the implementation of the exchange provisions set forth in this Article II, including,
without limitation, procedures for the giving of notice of an election of an Exchange.

 

SECTION
2.2. Adjustment. The Exchange Rate shall be adjusted accordingly, by the Corporation in good faith, if there is:
(a) any subdivision (by any unit split, unit distribution, reclassification, reorganization, recapitalization or otherwise)
or combination (by reverse unit split, reclassification, reorganization, recapitalization or otherwise) of the LLC Units that
is not accompanied by an identical subdivision or combination of the Class A Common Stock or (b) any subdivision (by any
stock split, stock dividend or distribution, reclassification, reorganization, recapitalization or otherwise) or combination
(by reverse stock split, reclassification, reorganization, recapitalization or otherwise) of the Class A Common Stock that is
not accompanied by an identical subdivision or combination of the LLC Units. If there is any reclassification,
reorganization, recapitalization or other similar transaction in which the Class A Common Stock are converted or changed into
another security, securities or other property, then upon any subsequent Exchange, an exchanging LLC Unitholder shall be
entitled to receive the amount of such security, securities or other property that such exchanging LLC Unitholder would have
received if such Exchange had occurred immediately prior to the effective time of such reclassification, reorganization,
recapitalization or other similar transaction, taking into account any adjustment as a result of any subdivision (by any
split, distribution or dividend, reclassification, reorganization, recapitalization or otherwise) or combination (by reverse
split, reclassification, recapitalization or otherwise) of such security, securities or other property that occurs after the
effective time of such reclassification, reorganization, recapitalization or other similar transaction. Except as may be
required in the immediately preceding sentence, no adjustments in respect of distributions shall be made upon the exchange of
any LLC Unit.

 

    5

     

    

 

SECTION 2.3. Class A Common
Stock to be Issued.

 

(a) The Corporation shall
at all times reserve and keep available out of its authorized but unissued Class A Common Stock, solely for the purpose of issuance
upon an Exchange, such number of shares of Class A Common Stock as may be deliverable upon any such Exchange; provided,
that nothing contained herein shall be construed to preclude Ay Dee Kay LLC from satisfying its obligations in respect of the Exchange
of the LLC Units by delivery of shares of Class A Common Stock which are held in the treasury of the Corporation or are held by
Ay Dee Kay LLC or any of their subsidiaries or by delivery of purchased shares of Class A Common Stock (which may or may not be
held in the treasury of the Corporation or held by any subsidiary thereof). The Corporation and Ay Dee Kay LLC covenant that all
Class A Common Stock issued upon an Exchange will, upon issuance, be validly issued, fully paid and non-assessable.

 

(b) The Corporation and
Ay Dee Kay shall at all times ensure that the execution and delivery of this Agreement by each of the Corporation and Ay Dee Kay
and the consummation by each of the Corporation and Ay Dee Kay LLC of the transactions contemplated hereby (including without limitation,
the issuance of the Class A Common Stock) have been duly authorized by all necessary corporate or limited liability company action,
as the case may be, on the part of the Corporation and Ay Dee Kay LLC, including, but not limited to, all actions necessary to
ensure that the acquisition of shares of Class A Common Stock pursuant to the transactions contemplated hereby, to the fullest
extent of the Corporation’s board of directors’ power and authority and to the extent permitted by law, shall not be
subject to any “moratorium,” “control share acquisition,” “business combination,” “fair
price” or other form of anti-takeover laws and regulations of any jurisdiction that may purport to be applicable to this
Agreement or the transactions contemplated hereby.

 

(c) The Corporation and
Ay Dee Kay LLC covenant and agree that, to the extent that a registration statement under the Securities Act is effective and available
for shares of Class A Common Stock to be delivered with respect to any Exchange, shares that have been registered under the Securities
Act shall be delivered in respect of such Exchange. In the event that any Exchange in accordance with this Agreement is to be effected
at a time when any required registration has not become effective or otherwise is unavailable, upon the request and with the reasonable
cooperation of the LLC Unitholder requesting such Exchange, the Corporation and Ay Dee Kay LLC shall use commercially reasonable
efforts to promptly facilitate such Exchange pursuant to any reasonably available exemption from such registration requirements.
The Corporation and Ay Dee Kay LLC shall use commercially reasonable efforts to list the Class A Common Stock required to be delivered
upon exchange prior to such delivery upon each national securities exchange or inter-dealer quotation system upon which the outstanding
Class A Common Stock may be listed or traded at the time of such delivery.

 

SECTION 2.4. Mandatory
Exchanges.

 

(a) Change of Control.

 

(i) In connection with
a Change of Control, and subject to any approval of the Change of Control as required under the applicable organizational documents
of the Corporation and the law, the Corporation shall have the right to require each Exchanging Member to surrender to the Corporation
any LLC Units held by such Exchanging Member, effective immediately prior to the effectiveness or consummation, as applicable,
of a Change of Control (and, for the avoidance of doubt, shall not be effective if such Change of Control is not consummated),
in exchange for the delivery by the Corporation to such Exchanging Member, a number of shares of Class A Common Stock that is equal
to the product of (i) the number of LLC Units surrendered multiplied by (ii) the Exchange Rate, without any action
on the part of any Person, including the Corporation or the Exchanging Members.

 

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(ii) The Corporation
shall provide written notice of an expected Change of Control to each Exchanging Member who has not, as of such date, Exchanged
his, her or its LLC Units, within the earlier of (x) five (5) Business Days following the execution of the definitive agreement
with respect to such Change of Control or (y) ten (10) Business Days before the proposed date upon which the contemplated Change
of Control is to be effected, indicating in such notice such information as may reasonably describe the Change of Control transaction,
subject to applicable law, including the date of execution of such agreement or such proposed effective date, as applicable, the
amount and types of consideration to be paid in the Change of Control. Notwithstanding the above, in the event that it is impracticable
for the Corporation to notify the Exchanging Members of such a Change of Control within the time frame set forth in the preceding
sentence, the Corporation shall provide written notice to all Exchanging Members of such Change of Control within five (5) Business
Days of the Corporation’s discovery of such Change of Control.

 

(b) Acceleration of
Exchanges. Notwithstanding anything contained in this Agreement to the contrary, on the date which is the date that (i) all
Class B Units held by Class B Unitholders have ceased to be subject to forfeiture pursuant to each Class B Unitholder’s respective
Service Provider Grant Award and (ii) all LLC Units held by the Principal Class A Members have exchanged his, her or its Class
A Units in a Principal Exchange such that none of the Principal Class A Members is a Member of Ay Dee Kay LLC, the Corporation
shall have the right to require each Class B Unitholder to surrender to the Corporation any LLC Units held by such Class B Unitholder
that were issued to such Class B Unitholder pursuant to a Service Provider Grant Award with an Effective Date that is at least
two years before such surrender, in exchange for the delivery by the Corporation to such exchanging Class B Unitholder a number
of shares of Class A Common Stock that is equal to the product of the number of LLC Units surrendered multiplied by the
Exchange Rate, without any action on the part of any Person, including the Corporation and the Class B Unitholder. The Corporation
shall provide written notice of its intent to accelerate the surrender to the Corporation of any LLC Units held by such Class b
Unitholder pursuant to Section 2.4(b) (the “Acceleration”) by delivering notice to each such affected Class
b Unitholder not less than ten (10) Business Days before the proposed date upon which the Corporation contemplates to effectuate
the Acceleration.

 

SECTION 2.5. Cash
Exchange. Notwithstanding the foregoing or any other provision of this Agreement to the contrary, with respect to any Exchange,
the Corporation shall be entitled to deliver to any exchanging LLC Unitholder, in lieu of delivering any or all of the shares
of its Class A Common Stock it would otherwise be required to deliver pursuant to this Article II, cash in an amount equal to
the Fair Market Value of such shares of its Class A Common Stock, with such Fair Market Value to be determined pursuant this Agreement
as of the date the applicable written election of exchange to be delivered to the Corporation pursuant to Section 2.1(b) is received
by the Corporation (or, with respect to a mandatory exchange pursuant to Section 2.4, as of immediately prior to the effectiveness
or consummation, as the case may be, of the applicable Change of Control. Contemporaneously with its delivery of cash to an exchanging
LLC Unitholder, the Corporation shall deliver to such LLC Unitholder a statement prepared by or at the direction of the Corporation
setting forth in reasonable detail the determination of the Fair Market Value of the shares of Class A Common Stock in lieu of
which cash is being delivered pursuant to this Section 2.5.

 

ARTICLE III

 

SECTION 3.1. Additional
LLC Unitholders. To the extent an LLC Unitholder proposes to transfer any or all of such holder’s LLC Units to another
person in a transaction in accordance with, and not in contravention of, the Ay Dee Kay LLC Agreement or any other agreement or
agreements with the Corporation or any of its subsidiaries to which a transferring LLC Unitholder may be party (each, a “Permitted
Transferee”), then such LLC Unitholder shall take all actions reasonably necessary to cause such Permitted Transferee
to execute and deliver a joinder to this Agreement, substantially in the form of Exhibit B hereto, whereupon such
Permitted Transferee all become an LLC Unitholder hereunder. To the extent Ay Dee Kay LLC issues LLC Units in the future, Ay Dee
Kay LLC shall be entitled, in its sole discretion, to make any holder of such LLC Units an LLC Unitholder hereunder through such
holder’s execution and delivery of a joinder to this Agreement, substantially in the form of Exhibit B hereto.

 

    7

     

    

 

SECTION
3.2. Addresses and Notices. All notices, requests, claims, demands and other communications hereunder shall be in
writing and shall be given (and shall be deemed to have been duly given upon receipt) by delivery in person, by courier
service, by fax, by electronic mail (delivery receipt requested) or by registered or certified mail (postage prepaid, return
receipt requested) to the respective parties at the following addresses (or at such other address for a party as shall be as
specified in a notice given in accordance with this Section 3.2):

 

(a) If to the Corporation, to:

 

indie Semiconductor, Inc.

32 Journey

Aliso Viejo, California 92656

Attention: Tom Schiller, CFO

949 608 0854

Tom@indiesemi.com

 

 

(b) If to Ay Dee Kay LLC, to:

 

indie Semiconductor

32 Journey

Aliso Viejo, California 92656

Attention: Tom Schiller, CFO

949 608 0854

Tom@indiesemi.com 

 

(c) If to any LLC Unitholder, to
the address and other contact information set forth in the records of Ay Dee Kay LLC from time to time.

 

SECTION 3.3. Further
Action. The parties shall execute and deliver all documents, provide all information and take or refrain from taking action
as may be necessary or appropriate to achieve the purposes of this Agreement.

 

SECTION 3.4. Binding
Effect. This Agreement shall be binding upon and inure to the benefit of all of the parties and, to the extent permitted by
this Agreement, their successors, executors, administrators, heirs, legal representatives and assigns.

 

SECTION 3.5. Severability.
If any term or other provision of this Agreement is held to be invalid, illegal or incapable of being enforced by any rule of law,
or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long
as the economic or legal substance of the transactions is not affected in any manner materially adverse to any party. Upon a determination
that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good
faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable
manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible.

 

SECTION 3.6. Amendment.
The provisions of this Agreement may be amended only by the affirmative vote or written consent of each of (i) the Corporation,
(ii) Ay Dee Kay LLC and (iii) LLC Unitholders holding at least a majority of then outstanding LLC Units (excluding LLC Units held
by the Corporation); provided that no amendment may materially, disproportionately and adversely affect the rights
of an LLC Unitholder (other than the Corporation and its subsidiaries) without the consent of such LLC Unitholder (or, if there
is more than one such LLC Unitholder that is so affected, without the consent of a majority in interest of such affected LLC Unitholders
(other than the Corporation and its subsidiaries) in accordance with their holdings of LLC Units).

 

    8

     

    

 

SECTION 3.7. Waiver.
No failure by any party to insist upon the strict performance of any covenant, duty, agreement or condition of this Agreement or
to exercise any right or remedy consequent upon a breach thereof shall constitute waiver of any such breach of any other covenant,
duty, agreement or condition.

 

SECTION 3.8. Submission
to Jurisdiction; Waiver of Jury Trial.

 

(a) Any and all disputes
which cannot be settled amicably with respect to this Agreement, including any action (at law or in equity), claim, litigation,
suit, arbitration, hearing, audit, review, inquiry, proceeding, investigation or ancillary claims of any party, arising out of,
relating to or in connection with the validity, negotiation, execution, interpretation, performance or non-performance of this
Agreement or any matter arising out of or in connection with this Agreement and the rights and obligations arising hereunder or
thereunder, or for recognition and enforcement of any judgment in respect of this Agreement and the rights and obligations arising
hereunder or thereunder brought by a party hereto or its successors or assigns, shall be brought and determined exclusively in
the Delaware Chancery Court, or if such court shall not have jurisdiction, any federal court located in the State of Delaware,
or, if neither of such courts shall have jurisdiction, any other Delaware state court. Each of the parties hereby irrevocably submits
with regard to any such dispute for itself and in respect of its property, generally and unconditionally, to the sole and exclusive
personal jurisdiction of the aforesaid courts and agrees that it will not bring any dispute relating to this Agreement or any of
the transactions contemplated by this Agreement in any court other than the aforesaid courts. Each party irrevocably consents to
service of process in any dispute in any of the aforesaid courts by the mailing of copies thereof by registered or certified mail,
postage prepaid, or by recognized overnight delivery service, to such party at such party’s address referred to in Section
3.2. Each party hereby irrevocably and unconditionally waives, and agrees not to assert as a defense, counterclaim or otherwise,
in any action brought by any party with respect to this Agreement (i) any claim that it is not personally subject to the jurisdiction
of the aforesaid courts for any reason other than the failure to serve process in accordance with this Section 3.8; (ii) any claim
that it or its property is exempt or immune from the jurisdiction of any such court or from any legal process commenced in such
courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution
of judgment or otherwise); or (iii) any objection which such party may now or hereafter have (A) to the laying of venue of any
of the aforesaid actions arising out of or in connection with this Agreement brought in the courts referred to above; (B) that
such action brought in any such court has been brought in an inconvenient forum and (C) that this Agreement, or the subject matter
hereof or thereof, may not be enforced in or by such courts.

 

(b) To the extent that
any party has or hereafter may acquire any immunity from jurisdiction of any court or from any legal process (whether through service
or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) with respect to itself, or to
such party’s property, each such party hereby irrevocably waives such immunity in respect of such party’s obligations
with respect to this Agreement. 

 

(c) EACH PARTY ACKNOWLEDGES
THAT IT IS KNOWINGLY AND VOLUNTARILY AGREEING TO THE CHOICE OF DELAWARE LAW TO GOVERN THIS AGREEMENT AND TO THE JURISDICTION OF
DELAWARE COURTS IN CONNECTION WITH PROCEEDINGS BROUGHT HEREUNDER. THE PARTIES INTEND THIS TO BE AN EFFECTIVE CHOICE OF DELAWARE
LAW AND AN EFFECTIVE CONSENT TO JURISDICTION AND SERVICE OF PROCESS UNDER 6 DEL. C. § 2708.

 

(d) EACH PARTY, FOR ITSELF
AND ITS AFFILIATES, HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ALL RIGHT TO
TRIAL BY JURY IN ANY ACTION OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THE ACTIONS
OF THE PARTIES OR THEIR RESPECTIVE AFFILIATES PURSUANT TO THIS AGREEMENT OR THE OTHER TRANSACTION DOCUMENTS IN THE NEGOTIATION,
ADMINISTRATION, PERFORMANCE OR ENFORCEMENT HEREOF OR THEREOF.

 

(i) The parties hereby
waive, to the fullest extent permitted by applicable law, any objection which they now or hereafter may have to personal jurisdiction
or to the laying of venue of any such ancillary suit, action or proceeding brought in any court referred to in this Section 3.8(c)
and such parties agree not to plead or claim the same.

 

    9

     

    

 

SECTION 3.9. Counterparts.
This Agreement may be executed and delivered (including by facsimile transmission or by e-mail delivery of a “.pdf”
format data file) in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when
executed and delivered shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.
Copies of executed counterparts transmitted by telecopy, by e-mail delivery of a “.pdf” format data file or other electronic
transmission service shall be considered original executed counterparts for purposes of this Section 3.9.

 

SECTION 3.10. Tax
Treatment. This Agreement shall be treated as part of the partnership agreement of Ay Dee Kay LLC as described in Section 761(c)
of the Code and Sections 1.704-1(b)(2)(ii)(h) and 1.761-1(c) of the Treasury Regulations promulgated thereunder. As required by
the Code and the Treasury Regulations, the parties shall report any Exchange consummated hereunder as a taxable sale of the LLC
Units by an LLC Unitholder to the Corporation, and no party shall take a contrary position on any income tax return, amendment
thereof or communication with a taxing authority unless an alternate position is permitted under the Code and Treasury Regulations
and the Corporation consents in writing, such consent not to be unreasonably withheld, conditioned, or delayed. Further, in connection
with any Exchange consummated hereunder, Ay Dee Kay LLC and/or the Corporation shall provide the exchanging LLC Unitholder with
all reasonably necessary information to enable the exchanging LLC Unitholder to file its income Tax returns for the taxable year
that includes the Exchange, including information with respect to Code Section 751 assets (including relevant information regarding
“unrealized receivables” or “inventory items”) and Section 743(b) basis adjustments as soon as practicable
and in all events within 60 days following the close of such taxable year (and use commercially reasonable efforts to provide estimates
of such information within 90 days of the applicable Exchanges).

 

SECTION 3.11. Withholding.
The Corporation and Ay Dee Kay LLC shall be entitled to deduct and withhold from any payment made to a LLC Unitholder pursuant
to any Exchange consummated under this Agreement all Taxes that each of the Corporation and Ay Dee Kay LLC is required to deduct
and withhold with respect to such payment under the Code (or any other provision of applicable law), including, without limitation,
Section 1446(f) of the Code. Ay Dee Kay LLC may at its sole discretion reduce the Class A Common Stock issued to a LLC Unitholder
in an Exchange in an amount that corresponds to the amount of the required withholding described in the immediately preceding sentence
and all such amounts shall be treated as having been paid to such LLC Unitholder.

 

SECTION 3.12. Acknowledgement and Agreement
with Respect to the MTA. By his, her or its execution hereof (jncluding by any joinder agreement hereto), (i) each LLC Unitholder
acknowledges that it has received a copy of the MTA and carefully reviewed the same, with such advice in connection therewith from
its advisors, including legal counsel, as such LLC Unitholder deems necessary or appropriate, (ii) each LLC Unitholder consents
and agrees to the provisions of Section 1.7 of the MTA, including, without limitation, the appointment of the Company Securityholder
Representative pursuant to the terms and conditions thereof, with authority to act on behalf of such LLC Unitholder (as a Company
Equity Holder under the MTA), and such other authority, as provided in the MTA, and (iii) each Class A Unitholder who is an ADK
Principal Owner consents to and agrees to the provisions of Section 2.1(b)(v) of the MTA under which such LLC Unitholder is deemed
to have contributed to the Corporation all of his, her or its voting rights in Ay Dee Kay LLC to the Corporation in consideration
for the receipt of the consideration specified therein.

 

SECTION 3.13. Specific
Performance. The parties hereto agree that irreparable damage would occur in the event that any of the provisions of this Agreement
were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties
shall be entitled to specific performance of the terms and provisions hereof, in addition to any other remedy to which they are
entitled at law or in equity.

 

SECTION
3.14. Independent Nature of LLC Unitholders’ Rights and Obligations. The obligations of each LLC Unitholder
hereunder are several and not joint with the obligations of any other LLC Unitholder, and no LLC Unitholder shall be
responsible in any way for the performance of the obligations of any other LLC Unitholder hereunder. The decision of each LLC
Unitholder to enter into to this Agreement has been made by such LLC Unitholder independently of any other LLC Unitholder.
Nothing contained herein, and no action taken by any LLC Unitholder pursuant hereto, shall be deemed to constitute the LLC
Unitholders as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the
LLC Unitholders are in any way acting in concert or as a group with respect to such obligations or the transactions
contemplated hereby. The Corporation acknowledges that the LLC Unitholders are not acting in concert or as a group, and the
Corporation will not assert any such claim, with respect to such obligations or the transactions contemplated hereby.

 

SECTION 3.15. Applicable
Law. This Agreement shall be governed by, and construed in accordance with, the law of the State of Delaware, without regards
to its principles of conflicts of laws.

 

[Remainder of Page Intentionally Left
Blank]

 

    10

     

    

 

IN WITNESS WHEREOF,
the parties have caused this Agreement to be duly executed and delivered, all as of the date first
set forth above.

 

	 	Thunder Bridge II Surviving
    Pubco, Inc.

 

	 	By:	 
	 	Name: 	 
	 	Title:	 

 

	 	Ay Dee Kay LLC, d/b/a indie
    Semiconductor

 

	 	By:	 
	 	Name: 	 
	 	Title:	 

 

	 	LLC UNITHOLDER

 

	 	By:	 
	 	Name: 	 
	 	Title:	 

 

[Signature
Page – Exchange Agreement]

 

     

     

    

 

EXHIBIT A

 

FORM OF

ELECTION OF EXCHANGE

 

 

indie Semiconductor, Inc.

32 Journey

Aliso Viejo, California 92656

Attention: Tom Schiller, CFO

 

Ay Dee Kay, LLC, d/b/a indie Semiconductor

32 Journey

Aliso Viejo, California 92656

Attention: Tom Schiller, CFO

 

Reference is hereby
made to the Exchange Agreement, dated as of  [●], [●] (the “Exchange Agreement”), among indie
Semiconductor, Inc. (formerly known as Thunder Bridge II Surviving Pubco, Inc.,) a Delaware corporation, Ay Dee Kay, LLC, d/b/a
indie Semiconductor, a California limited liability company, and the holders of LLC Units (as defined herein) from time to time
party thereto. Capitalized terms used but not defined herein shall have the meanings given to them in the Exchange Agreement.

 

The undersigned LLC
Unitholder hereby transfers to the Corporation, for the account of indie Semiconductor, Inc., the number of LLC Units set forth
below in exchange for shares of Class A Common Stock to be issued in its name as set forth below, as set forth in the Exchange
Agreement.

 

Legal Name of LLC Unitholder: _______________________________________________

 

Address: ______________________________________________________________________

 

Number of LLC Units to be exchanged: _______________________

  

The undersigned hereby
represents and warrants that (i) the undersigned has full legal capacity to execute and deliver this Election of Exchange and to
perform the undersigned’s obligations hereunder; (ii) this Election of Exchange has been duly executed and delivered by the
undersigned and is the legal, valid and binding obligation of the undersigned enforceable against it in accordance with the terms
hereof, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally and the availability
of equitable remedies; (iii) the LLC Units subject to this Election of Exchange are being transferred to the Corporation free and
clear of any pledge, lien, security interest, encumbrance, equities or claim; and (iv) no consent, approval, authorization, order,
registration or qualification of any third party or with any court or governmental agency or body having jurisdiction over the
undersigned or the LLC Units subject to this Election of Exchange is required to be obtained by the undersigned for the transfer
of such LLC Units to the Corporation.

 

The undersigned hereby
irrevocably constitutes and appoints any officer of the Corporation or of Ay Dee Kay, LLC as the attorney of the undersigned, with
full power of substitution and resubstitution in the premises, to do any and all things and to take any and all actions that may
be necessary to transfer to the Corporation, for the account of indie Semiconductor, Inc., the LLC Units subject to this Election
of Exchange and to deliver to the undersigned the shares of Class A Common Stock to be delivered in exchange therefor.

 

IN WITNESS WHEREOF
the undersigned, by authority duly given, has caused this Election of Exchange to be executed and delivered by the undersigned
or by its duly authorized attorney.

 

	 	Name: 	 

 

	 	Dated:	 

 

    A-1

     

    

 

EXHIBIT B

 

FORM OF

JOINDER AGREEMENT

 

This Joinder Agreement
(“Joinder Agreement”) is a joinder to the Exchange Agreement, dated as of [●], [●] (the “Exchange
Agreement”), among indie Semiconductor, Inc. (formerly known as Thunder Bridge II Surviving Pubco, Inc.), a Delaware
corporation (the “Corporation”), Ay Dee Kay, LLC, d/b/a indie Semiconductor, a California limited liability
company, and each of the LLC Unitholders from time to time party thereto. Capitalized terms used but not defined in this Joinder
Agreement shall have their meanings given to them in the Exchange Agreement. This Joinder Agreement shall be governed by, and construed
in accordance with, the law of the State of Delaware. In the event of any conflict between this Joinder Agreement and the Exchange
Agreement, the terms of this Joinder Agreement shall control.

 

The undersigned hereby
joins and enters into the Exchange Agreement having acquired LLC Units in Ay Dee Kay, LLC. By signing and returning this Joinder
Agreement to the Corporation, the undersigned accepts and agrees to be bound by and subject to all of the terms and conditions
of and agreements of an LLC Unitholder contained in the Exchange Agreement, with all attendant rights, duties and obligations of
an LLC Unitholder thereunder. The parties to the Exchange Agreement shall treat the execution and delivery hereof by the undersigned
as the execution and delivery of the Exchange Agreement by the undersigned and, upon receipt of this Joinder Agreement by the Corporation
and by Ay Dee Kay, LLC, the signature of the undersigned set forth below shall constitute a counterpart signature to the signature
page of the Exchange Agreement.

 

	Name:	 	 	 
	 	 	 
	Address for Notices:	 	With copies to:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	Attention: 	 	 	 

 

 

B-1

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