SPONSOR AGREEMENTSponsor Agreement • October 7th, 2021 • Live Oak Acquisition Corp II • Semiconductors & related devices • Delaware
This SPONSOR AGREEMENT (this “Agreement”), dated as of October 6, 2021, is made by and among Live Oak Sponsor Partners II, LLC, a Delaware limited liability company (“Sponsor”), Live Oak Acquisition Corp. II, a Delaware corporation (“SPAC”), and Navitas Semiconductor Limited, a private company limited by shares organized under the laws of Ireland (“Navitas Ireland”) and domesticated in the State of Delaware as Navitas Semiconductor Ireland, LLC, a Delaware limited liability company (“Navitas Delaware” and together with Navitas Ireland, the “Company”). Sponsor, SPAC and the Company shall be referred to herein from time to time collectively as the “Parties.” Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms in the Business Combination Agreement (as defined below).
Date: October 6, 2021 To: Live Oak Acquisition Corp. II (“Counterparty”) Address: 40 S. Main Street, #2550 Memphis, TN 38103 From: ACM AART VII A LLC, a Delaware limited liability company (“Seller”) Re: OTC Equity Prepaid Forward TransactionLive Oak Acquisition Corp II • October 7th, 2021 • Semiconductors & related devices
This Confirmation, together with the Pricing Date Notice, evidences a complete binding agreement between Seller and Counterparty as to the subject matter and terms of the Transaction to which this Confirmation relates and shall supersede all prior or contemporaneous written or oral communications with respect thereto.
