SEC Contract Filing

Filing Date: 2020-12-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>8
<FILENAME>ea131644ex10-6_thunder2.htm
<DESCRIPTION>SPONSOR LETTER AGREEMENT BY AND AMONG THUNDER BRIDGE II, THE SPONSOR, THE COMPANY AND THE MANAGING MEMBER OF SPONSOR, DATED DECEMBER 14, 2020
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.6</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Thunder Bridge Acquisition II LLC<BR>
</B>9912 Georgetown Pike, Suite D203<B><BR>
</B>Great Falls, Virginia 22066</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">December 14, 2020</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Thunder Bridge Acquisition II, Ltd.<BR>
9912 Georgetown Pike, Suite D203<BR>
Great Falls, Virginia 22066<BR>
Attention: Chief Executive Officer</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Re:&nbsp;&nbsp;&nbsp;<U>Sponsor
Earnout Letter</U></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reference is hereby
made to that certain Master Transactions Agreement, dated as of [&bull;], 2020 (as amended, the &ldquo;<B><I>Merger Agreement</I></B>&rdquo;)
by and among Thunder Bridge II Surviving Pubco, Inc., a Delaware corporation (&ldquo;<B><I>Parent</I></B>&rdquo;), the Merger Subs
described therein, Thunder Bridge Acquisition II Ltd., a Cayman Islands exempted company (including any successor entity thereto,
including upon the Domestication (as defined in the Merger Agreement), &ldquo;<B><I>Thunder Bridge II</I></B>&rdquo;), Ay Dee Kay
LLC, d/b/a indie Semiconductor, a California limited liability company (including the successor entity in its merger with ADK Merger
Sub pursuant to the Merger Agreement, the &ldquo;<B><I>Company</I></B>&rdquo;), the ADK Blockers named therein, ADK Service Provider
HoldCo, LLC, and the Company Securityholder Representative. Any capitalized term used but not defined herein will have the meanings
ascribed thereto in the Merger Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In connection with
the Merger Agreement, and pursuant to the authority of the undersigned Managing Member of Thunder Bridge Acquisition II LLC, a
Delaware limited liability company (&ldquo;<B><I>Sponsor</I></B>&rdquo;), under the Organizational Documents of Sponsor to enter
into arrangements with respect to Founder Shares (as defined below) to facilitate the initial business combination of Thunder Bridge
II, Sponsor agrees to enter into this letter agreement (this &ldquo;<B><I>Agreement</I></B>&rdquo;) with Parent, Thunder Bridge
II and the Company relating to the 8,625,000 Class B ordinary shares of Thunder Bridge II (including the Surviving Pubco Class
A Shares into which such shares are converted pursuant to the Domestication and Mergers in accordance with the Merger Agreement,
&ldquo;<B><I>Founder Shares</I></B>&rdquo;) initially purchased by Sponsor in a private placement prior to Thunder Bridge II&rsquo;s
initial public offering, which shares are currently held by Sponsor.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, Sponsor, the Company and Parent hereby agree as follows:</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">1.</TD><TD STYLE="text-align: justify">Sponsor hereby agrees that prior to the Closing it
shall enter into an Escrow Agreement with Surviving Pubco and Continental Stock Transfer and Trust, as escrow agent (the &ldquo;<B><I>Escrow
Agent</I></B>&rdquo;), in substantially the form attached as Exhibit A hereto (the &ldquo;<B><I>Sponsor Escrow Agreement</I></B>&rdquo;),
and upon and subject to the Closing, Sponsor shall deposit 3,450,000 of the Founder Shares (subject to equitable adjustment for
stock splits, stock dividends, reorganizations, combinations, recapitalizations and similar transactions affecting the Surviving
Pubco Class A Shares or Successor Shares (as defined below) after the date of this Agreement) (together with any equity securities
paid as dividends or distributions with respect to such shares or into which such shares are exchanged or converted, and in each
case only to the extent held in the Sponsor Escrow Account, the &ldquo;<B><I>Sponsor Escrow Shares</I></B>&rdquo;) into a segregated
escrow account (the &ldquo;<B><I>Sponsor Escrow Account</I></B>&rdquo;) with the Escrow Agent, to be held, along with a