SEC Contract Filing

Filing Date: 2022-12-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.10
<SEQUENCE>17
<FILENAME>tm2231404d1_ex10-10.htm
<DESCRIPTION>EXHIBIT 10.10
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit&nbsp;10.10</B></P>

<P STYLE="margin: 0">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This SUBSCRIPTION AGREEMENT
(this &ldquo;<U>Subscription Agreement</U>&rdquo;) is entered into on November&nbsp;22, 2022, by and between ACE Convergence Acquisition
Corp., a Cayman Islands exempted company (&ldquo;<U>Issuer</U>&rdquo;), and the undersigned subscriber (the &ldquo;<U>Investor</U>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS,&nbsp;Issuer and
Investor desire to enter into this Subscription Agreement in connection with (a)&nbsp;that certain First Amended and Restated Loan and
Security Agreement dated as of November&nbsp;22, 2022, as it may be amended or further restated from time-to-time (the &ldquo;<U>Loan
and Security Agreement</U>&rdquo;), to be entered into by and among Structural Capital Investments III, LP (&ldquo;<U>SCI</U>&rdquo;),
Series&nbsp;Structural DCO II series of Structural Capital DCO, LLC (&ldquo;<U>DCO</U>&rdquo;), CEOF Holdings LP (&ldquo;<U>CEOF</U>&rdquo;),
SQN Tempo Automation, LLC (&ldquo;<U>SQNTA</U>&rdquo;), SQN Venture Income Fund II, LP (&ldquo;<U>SQNVIFII</U>&rdquo; and together with
SCI, DCO, CEOF and SQNTA, &ldquo;<U>Lenders</U>&rdquo; and each a &ldquo;<U>Lender</U>&rdquo;), Ocean II PLO LLC, in its capacity as
administrative and collateral agent (&ldquo;<U>Agent</U>&rdquo;) and Tempo Automation,&nbsp;Inc. (&ldquo;<U>Borrower</U>&rdquo; or the
 &ldquo;<U>Company</U>&rdquo;) and (b)&nbsp;the Amended and Restated Agreement and Plan of Merger, dated as of August&nbsp;12, 2022, as
amended on September&nbsp;7, 2022 and September&nbsp;23, 2022 (as may be amended, supplemented or otherwise modified from time to time,
the &ldquo;<U>Transaction Agreement</U>&rdquo;), by and among Issuer, the Company, ACE Convergence Subsidiary Corp., a Delaware corporation
and a direct wholly owned subsidiary of Issuer (&ldquo;<U>Merger Sub</U>&rdquo;), and the other parties thereto, pursuant to which, among
other things, Merger Sub will merge with and into the Company, with the Company surviving such merger as a wholly owned subsidiary of
Issuer (collectively, the &ldquo;<U>Transaction</U>&rdquo;);</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, prior to the closing
of the Transaction (and as more fully described in the Transaction Agreement),&nbsp;Issuer will domesticate as a Delaware corporation
in accordance with Section&nbsp;388 of the General Corporation Law of the State of Delaware and Part&nbsp;XII of the Cayman Islands Companies
Law (2020 Revision) (the &ldquo;<U>Domestication</U>&rdquo;);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, in connection with
the Transaction,&nbsp;Issuer is seeking commitments from interested investors to purchase, following the Domestication and substantially
concurrently with the closing of the Transaction, shares of Issuer&rsquo;s common stock, par value $0.001 per share, as such shares will
exist as common stock following the Domestication (the &ldquo;<U>Shares</U>&rdquo;), in a private placement for a purchase price of $10.00
per share (the &ldquo;<U>Per Share Subscription Price</U>&rdquo;);</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the aggregate purchase
price to be paid by the Investor for the Committed Shares (as defined herein) (as set forth on the signature page&nbsp;hereto) is referred
to herein as the &ldquo;<U>Subscription Amount</U>&rdquo;;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Subscription
Amount is to be paid by offsetting it against a portion of the debt the Company owes Investor under the Loan and Security Agreement in
accordance with the terms of the Loan and Security Agreement;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS,&nbsp;Issuer has
entered into separate subscription agreements with certain other investors (collectively, the &ldquo;<U>Other Investors</U>&rdquo;),
which agreements have subsequently been amended and restated (collectively, the &ldquo;<U>Other Subscription Agreements</U>&rdquo;),
relating to the purchase of Shares for the Per Share Subscription Price; and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in consideration
of the foregoing and the mutual representations, warranties and covenants, and subject to the conditions, set forth herein, and intending
to be legally bound hereby, each of the Investor and Issuer acknowledges and agrees as follows:</P>

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