SEC Contract Filing

Filing Date: 2020-09-15

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>4
<FILENAME>ea126864ex10-1_tortoiseacq2.htm
<DESCRIPTION>LETTER AGREEMENT, DATED SEPTEMBER 10, 2020, AMONG THE COMPANY, ITS OFFICERS, ITS DIRECTORS, THE SPONSOR AND TORTOISEECOFIN BORROWER
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B><I>Execution Version</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">September 10, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Tortoise Acquisition Corp. II<BR>
5100 W. 115<SUP>th</SUP> Place<BR>
Leawood, KS 66211</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Re:&nbsp;&nbsp;&nbsp;<U>Initial Public Offering</U></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">This letter (this &ldquo;<B><U>Letter
Agreement</U></B>&rdquo;) is being delivered to you in accordance with the Underwriting Agreement (the &ldquo;<B><U>Underwriting
Agreement</U></B>&rdquo;) entered into by and among Tortoise Acquisition Corp. II, a Cayman Islands exempted company (the &ldquo;<B><U>Company</U></B>&rdquo;),
and Barclays Capital Inc. and Goldman Sachs &amp; Co. LLC, as representatives (the &ldquo;<B><U>Representatives</U></B>&rdquo;)
of the several underwriters (the &ldquo;<B><U>Underwriters</U></B>&rdquo;), relating to an underwritten initial public offering
(the &ldquo;<B><U>Public Offering</U></B>&rdquo;), of 34,500,000 of the Company&rsquo;s units (including up to 4,500,000 units
which may be purchased to cover over-allotments, if any) (the &ldquo;<B><U>Units</U></B>&rdquo;), each comprised of one of the
Company&rsquo;s Class A ordinary shares, par value $0.0001 per share (the &ldquo;<B><U>Class A Ordinary Shares</U></B>&rdquo;),
and one-fourth of one redeemable warrant (each whole warrant, a &ldquo;<B><U>Warrant</U></B>&rdquo;). Each Warrant entitles the
holder thereof to purchase one Class A Ordinary Share at a price of $11.50 per share, subject to adjustment. The Units shall be
sold in the Public Offering pursuant to the registration statement on Form S-1 No. 333-248269 and prospectus (the &ldquo;<B><U>Prospectus</U></B>&rdquo;)
filed by the Company with the Securities and Exchange Commission (the &ldquo;<B><U>Commission</U></B>&rdquo;) and the Company shall
apply to have the Units listed on the New York Stock Exchange. Certain capitalized terms used herein are defined in paragraph&nbsp;11
hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">In order to induce
the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the Public Offering and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Tortoise Sponsor II LLC, a Cayman
Islands limited liability company (the &ldquo;<B><U>Sponsor</U></B>&rdquo;), TortoiseEcofin Borrower LLC, a Delaware limited liability
company (&ldquo;<B><U>TortoiseEcofin Borrower</U></B>&rdquo;), and each of the undersigned individuals, each of whom is a member
of the Company&rsquo;s board of directors and/or management team (each an &ldquo;<B><U>Insider</U></B>&rdquo; and, collectively,
the &ldquo;<B><U>Insiders</U></B>&rdquo;), hereby agree with the Company as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">1. The
Sponsor and each Insider agree that if the Company seeks shareholder approval of a proposed Business Combination, then in connection
with such proposed Business Combination, it, he or she shall vote all Founder Shares and any shares acquired by it, him or her
in the Public Offering or the secondary public market in favor of such proposed Business Combination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">2. The
Sponsor and each Insider hereby agree that in the event that the Company fails to consummate a Business Combination within 24 months
from the closing of the Public Offering, or 27 months from the closing of the Public Offering if the Company has executed a letter
of intent, agreement in principal or definitive agreement for a Business Combination within 24 months from the closing of the Public
Offering but has not completed the Business Combination within such 24-month period, or such later period approved by the Company&rsquo;s
shareholders in accordance with the Company&rsquo;s amended and restated memorandum and articles of association, as may be amended
from time to time (the &ldquo;<B>