# EDGAR Filing Document

**Accession Number:** 0001987240
**File Stem:** 0001104659-26-048999
**Filing Date:** 2026-4
**Character Count:** 264651
**Document Hash:** 3a159fb9124682dfaacaf6c702d5bafd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-048999.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001104659-26-048999

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20260427

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCHMID Group N.V.
- **CENTRAL INDEX KEY:** 0001987240
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT [3590]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** P7
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42040
- **FILM NUMBER:** 26896488

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** ROBERT-BOSCH-STR. 32-36
- **CITY:** FREUDENSTADT
- **PROVINCE COUNTRY:** 2M
- **ZIP:** 72250
- **BUSINESS PHONE:** 44 73 84 24 7998

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** ROBERT-BOSCH-STR. 32-36
- **CITY:** FREUDENSTADT
- **PROVINCE COUNTRY:** 2M
- **ZIP:** 72250

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Pegasus TopCo B.V.
- **DATE OF NAME CHANGE:** 20230725

**UNITED STATES <br> SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER PURSUANT**

**TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES**

**EXCHANGE ACT OF 1934**

For the month of April 2026

Commission File Number: 001-42040

**SCHMID Group N.V.**

(Registrant's name)

**Robert-Bosch-Str. 32-36,** 

**72250** 

**Freudenstadt, Germany** 

**Tel: +49 7441 538 0**

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ◻

**INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K**

**Share Issuances to Anette Schmid, Christian Schmid, Christine Schmid and Schmid Grundstücke GmbH & Co KG to off-set financial liabilities**

On April 24, 2026, SCHMID Group N.V. (the "**Company**") entered into separate subscription agreements and separate set-off agreements with Anette Schmid, Christian Schmid, Christine Schmid and Schmid Grundstücke GmbH & Co KG to off-set financial liabilities in an aggregate amount of EUR 30.75 million. In connection with these agreements, the Company entered into debt assumption agreements with the Company's fully-owned subsidiary, Gebr. Schmid GmbH. Pursuant to the subscription agreements the Company has agreed, subject to the approval by a shareholders' meeting of the Company to be held on May 20, 2026, to issue and sell to Anette Schmid, Christian Schmid, Christine Schmid and Schmid Grundstücke GmbH & Co KG in private placements a number of shares of the Company determined by dividing the EUR 30.75 million by the 5-trading day volume-weighted average price (VWAP) of the Company's shares immediately preceding the approval by the board of directors' of the Company of the share issuances following the shareholders' meeting on May 20, 2026. Only in relation to EUR 2.4 million of the aggregate financial liabilities (to be off-set in relation to the financial liabilities to Christine Schmid), the share price will be determined in relation to the 5-trading day VWAP applying a 20% discount.

The foregoing description of the subscription agreements, set-off agreements and debt assumption agreements does not purport to be complete and is qualified in its entirety by reference to such agreements, which are attached to this Report on Form 6-K as Exhibits 10.1 to 10.12.

**Conversions of Convertible Notes by Institutional Investor** 

Following the issuance of the second tranche of the USD 30 million convertible notes financing on March 5, 2026 as announced in the Report on Form 6-K of the Company dated March 6, 2026, the purchasers of the convertible notes have issued six separate conversion notices converting a total of USD 12 million in principal amount for an aggregate of 2,197,898 new ordinary shares of the Company.

As a result, as of the date of this Report on Form 6-K, the outstanding number of shares has increased to 57,800,864 (including 5,000,000 non-voting earn-out shares held by Anette Schmid and Christian Schmid, which are subject to cancellation on April 30, 2027 should the share price not reach USD 15.00, in relation to 2,500,000 earn-out shares, or USD 18.00, in relation to the other 2,500,000 earn-out shares).

**Full Compliance with Nasdaq Listing Requirements and Update on Fiscal Year 2025 Form 20-F Filing**

Following the filing of the Company's Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (the "SEC") in February 2026, the Company has regained full compliance with Nasdaq Listing Rules. The Company is currently diligently working to complete its Annual Report on Form 20-F for the fiscal year ended December 31, 2025, and intends to file the report within the timeframe prescribed by the SEC's rules and regulations.

**New Share Incentive Plan**

As part of the shareholders meeting to be held on May 20, 2026, a new share incentive plan will be put to a vote at the shareholders meeting which will allow the Company to issue up to 2.5 million shares of the Company to executive officers, board members and employees of the Company and its subsidiaries in the future. The new share incentive plan (which has not yet been adopted by the shareholders meeting of the Company) is attached to this Form 6-K as Exhibit 10.13.

**Press Release Furnished as Exhibits**

On April 27, 2026, the Company issued a press release, which is furnished herewith as Exhibit 99.1, providing a business update on the first quarter of 2026 and full year 2026 guidance confirmation.

The information furnished in this Form 6-K, including the information contained in Exhibit 99.1 shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "**Exchange Act**"), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by a specific reference in such filing.

*Caution Regarding Forward-Looking Statements*

 

This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based upon current expectations or beliefs, as well as assumptions about future events. Forward-looking statements include all statements that are not historical facts and can generally be identified by terms such as "could," "estimate," "expect," "intend," "may," "plan," "potentially," or "will" or similar expressions and the negatives of those terms. These statements include, but are not limited to, statements relating to the Company's plan to regain compliance with Nasdaq's rules, planned financing transactions of the Company, and the Company's future financial performance. Actual results could differ materially from those expressed in or implied by the forward-looking statements due to a number of risks and uncertainties, including but not limited to, the timing of the Company's submission of a plan to regain compliance, Nasdaq's acceptance of the plan, the duration of any extension that may be granted by Nasdaq, the potential inability to meet Nasdaq's requirements, unexpected delays in securing financing or changes to financing agreements and the other risks and uncertainties described in the Company's SEC reports and under the heading "Risk Factors" in its most recent annual report on Form 20-F which are available at www.sec.gov. These forward-looking statements speak only as of the date of this report. Except as required by law, the Company does not undertake any obligation to update or revise its forward-looking statements to reflect events or circumstances after the date of this report.

**The following exhibit is furnished herewith**

---

| | |
|:---|:---|
| **Exhibit<br> Number** |  |
| [10.1](tm2612719d1_ex10-1.htm) | [Subscription Agreement dated April 24, 2026 between SCHMID Group N.V., Gebr. Schmid GmbH and Anette Schmid](tm2612719d1_ex10-1.htm) |
| [10.2](tm2612719d1_ex10-2.htm) | [Subscription Agreement dated April 24, 2026 between SCHMID Group N.V., Gebr. Schmid GmbH and Christian Schmid](tm2612719d1_ex10-2.htm) |
| [10.3](tm2612719d1_ex10-3.htm) | [Subscription Agreement dated April 24, 2026 between SCHMID Group N.V., Gebr. Schmid GmbH and Christine Schmid](tm2612719d1_ex10-3.htm) |
| [10.4](tm2612719d1_ex10-4.htm) | [Subscription Agreement dated April 24, 2026 between SCHMID Group N.V., Gebr. Schmid GmbH and Schmid Grundstücke GmbH & Co KG](tm2612719d1_ex10-4.htm) |
| [10.5](tm2612719d1_ex10-5.htm) | [Set-off Agreement dated April 24, 2026 between SCHMID Group N.V. and Anette Schmid](tm2612719d1_ex10-5.htm) |
| [10.6](tm2612719d1_ex10-6.htm) | [Set-off Agreement dated April 24, 2026 between SCHMID Group N.V. and Christian Schmid](tm2612719d1_ex10-6.htm) |
| [10.7](tm2612719d1_ex10-7.htm) | [Set-off Agreement dated April 24, 2026 between SCHMID Group N.V. and Christine Schmid](tm2612719d1_ex10-7.htm) |
| [10.8](tm2612719d1_ex10-8.htm) | [Set-off Agreement dated April 24, 2026 between SCHMID Group N.V. and Schmid Grundstücke GmbH & Co KG](tm2612719d1_ex10-8.htm) |
| [10.9](tm2612719d1_ex10-9.htm) | [Debt Assumption Agreement dated April 24, 2026 between SCHMID Group N.V., Gebr. Schmid GmbH and Anette Schmid](tm2612719d1_ex10-9.htm) |
| [10.10](tm2612719d1_ex10-10.htm) | [Debt Assumption Agreement dated April 24, 2026 between SCHMID Group N.V., Gebr. Schmid GmbH and Christian Schmid](tm2612719d1_ex10-10.htm) |
| [10.11](tm2612719d1_ex10-11.htm) | [Debt Assumption Agreement dated April 24, 2026 between SCHMID Group N.V., Gebr. Schmid GmbH and Christine Schmid](tm2612719d1_ex10-11.htm) |
| [10.12](tm2612719d1_ex10-12.htm) | [Debt Assumption Agreement dated April 24, 2026 between SCHMID Group N.V., Gebr. Schmid GmbH and Schmid Grundstücke GmbH & Co KG](tm2612719d1_ex10-12.htm) |
| [10.13](tm2612719d1_ex10-13.htm) | [Share Incentive Plan, as it will be in effect following the adoption by the shareholders meeting to be held on May 20, 2026](tm2612719d1_ex10-13.htm) |
| [99.1](tm2612719d1_ex99-1.htm) | [Press release dated April 27, 2026](tm2612719d1_ex99-1.htm) |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| Dated: April 27, 2026 | **SCHMID Group N.V.** | **SCHMID Group N.V.** |
|  | By: | /s/ Arthur Schuetz |
|  | Name: | Arthur Schuetz |
|  | Title: | Chief Financial Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**SUBSCRIPTION AGREEMENT**

SCHMID Group N.V.

Robert-Bosch-Str. 32-36,<br> 72250 Freudenstadt

Germany

Ladies and Gentlemen:

This subscription agreement (the "**Subscription Agreement**") is being entered into by and between SCHMID Group N.V. (the "**Company**"), a Dutch public limited liability company (*naamloze vennootschap*), and Anette Schmid (the "**Investor**"), for ordinary shares in the share capital of the Company ("**Shares**").

The Investor has claims against the Company of EUR 13,850,000 (the "**Outstanding Claims**"). In connection with this outstanding debt, the Company will issue Shares (the "**Subscribed Shares**") of the Company against set-off of the Outstanding Claims, subject to the terms and conditions of this Subscription Agreement. The closing of the transaction by issuance of the Subscribed Shares to an account of the Investor at the Company's share transfer agent Continental Stock Transfer & Trust Company ("**Continental**") (the "**Closing**") will be performed as soon as possible after the approval of the share issuance by the Company's shareholders in a shareholder meeting contemplated to be held on May 20, 2026 (the date on which the Closing occurs, the "**Closing Date**") with the Company informing the Investor through a written share issuance notice (which can be by e-mail) once the Company's board of directors has approved the issuance of the Subscribed Shares (the "**Share Issuance Notice**").

The exact number of issued shares shall be calculated by dividing the Outstanding Claims by the Average VWAP.

"**Average VWAP**" means 100% of the arithmetic average of the Daily VWAPs for the five (5) Trading Days immediately preceding the date of the Share Issuance Notice.

"**Daily VWAP**" means the per share volume-weighted average price as displayed under the heading "Bloomberg VWAP" on Bloomberg page "SHMD AQR" (or its equivalent successor if such page is not available) in respect of the period from the scheduled open of trading until the scheduled close of trading of the primary trading session on such Trading Day (or if such volume- weighted average price is unavailable, the market value of one share of the Common Stock on such Trading Day determined, using a volume-weighted average method, by a nationally recognized independent investment banking firm retained for this purpose by the Company). The "Daily VWAP" shall be determined without regard to after-hours trading or any other trading outside of the regular trading session trading hours.

In connection therewith, and in consideration of the foregoing and the mutual representations, and subject to the conditions, set forth herein, and intending to be legally bound hereby, the Investor and the Company hereby agrees as follows:

1. **Issuance and Transfer** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Investor hereby irrevocably agrees
 to subscribe for and purchase from the Company, and the Company hereby irrevocably agrees
 to issue and sell to the Investor, the Subscribed Shares on the terms and subject to the
 conditions provided for herein through a set-off of the Outstanding Claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) On
 the Closing Date, the Company shall issue to the Investor, and the Investor shall subscribe
 for, the Subscribed Shares in compliance with the laws of the Netherlands, including
 but not limited to issuance through Dutch notarial deeds (the "**Share Issuance** "),
 and the Company shall procure that the Investor's ownership over the Subscribed Shares
 is registered with Continental.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Upon completion of the Share Issuance
 and upon the Investor becoming the sole legal and beneficial owner of the Subscribed Shares
 as evidenced by an updated entry in the share registry of the Company at Continental, the
 obligation of the Company to repay the Outstanding Claims shall be deemed to have been fully
 and irrevocably discharged.

2. **Company Representations and Warranties** 

The Company, with respect to the representations and warranties set forth below relating to the Company, represents and warrants to the Investor that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company is a public limited liability
 company (*naamloze vennootschap*) under the laws of the Netherlands.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) As of the Closing Date, the Subscribed
 Shares will be duly authorized and, when issued and delivered to the Investor in accordance
 with the terms of this Subscription Agreement, the Subscribed Shares will be validly issued,
 fully paid and non-assessable (which, under Dutch law, is interpreted to mean that a holder
 of a Share shall not by reason of merely being such a holder be subject to assessment or
 calls by the Company or its creditors for further payment on such Share) free and clear of
 any liens, encumbrances or other restrictions (other than those arising under applicable
 securities laws), and will not have been issued in violation of or subject to any preemptive
 or similar rights created under the Company's articles of association (*statuten*) as
 in effect at such time of issuance and as they will read by contract or under the laws of
 the Netherlands.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) This
 Subscription Agreement has been duly authorized, executed and delivered by the Company and,
 assuming that this Subscription Agreement constitutes the legal, valid and binding agreement
 of the Investor, this Subscription Agreement constitutes the legal, valid and binding agreement
 of 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, or (ii) principles of equity, whether considered at law or equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The
 execution and delivery of, and the performance of the transactions contemplated hereby, including
 the issuance and sale of the Subscribed Shares and the compliance by the Company with all
 of the provisions of this Subscription Agreement and the consummation of the transactions
 contemplated herein does not and will not (i) 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 the Company's subsidiaries pursuant to the terms of any indenture,
 mortgage, deed of trust, loan agreement, lease, license or other agreement or instrument
 to which the Company or the Company's subsidiaries, as applicable, is a party or by which
 the Company or the Company's subsidiaries, as applicable, is bound or to which any of the
 property or assets of the Company or the Company's subsidiaries, as applicable, is subject
 that is or would reasonably be expected to have, individually or in the aggregate with all other facts, events, circumstances, changes, conditions, occurrences and effects,
 a material adverse effect on the business, properties, assets, liabilities, condition (financial
 or otherwise), results of operations or prospects of the Company and its subsidiaries, in
 each case taken as a whole, or on the ability of the Company to consummate the transactions
 contemplated under this Subscription Agreement (a "**Material Adverse Effect** "),
 or to materially affect the validity of the Subscribed Shares or the legal authority of the
 Company to comply in all material respects with the terms of this Subscription Agreement;
 (ii) result in any violation of the provisions of the organizational or constituent
 documents of the Company or the Company's subsidiaries, as applicable; 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 the Company's subsidiaries, as applicable, or any of their respective properties that
 would reasonably be expected to have, individually or in the aggregate, a Material Adverse
 Effect or materially affect the validity of the Subscribed Shares or the legal authority
 of the Company to comply in all material respects with the terms of this Subscription Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Company is not in default or violation
 (and no event has occurred which, with notice or the lapse of time or both, would constitute
 a default or violation) of any term, condition or provision of (i) the organizational
 documents of the Company, (ii) any loan or credit agreement, guarantee, note, bond,
 mortgage, indenture, lease or other agreement, permit, franchise or license to which, as
 of the date of this Subscription Agreement, the Company is a party or by which properties
 or assets of the Company are bound or (iii) any statute or any judgment, order, rule or
 regulation of any court or governmental agency, taxing authority or regulatory body, domestic
 or foreign, having jurisdiction over the Company or any of their properties, as applicable,
 except for defaults or violations that have not had and would not reasonably be expected
 to have, individually or in the aggregate, a Material Adverse Effect, or those that the Investor
 has been made aware of and waived Company liability for as outlined in this Subscription
 Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) As
 of their respective dates, or, if amended, as of the date of such amendment, which shall
 be deemed to supersede such original filing, all forms, reports, statements, schedules, prospectuses,
 proxies, registration statements and other documents, if any (the "**SEC Reports** ")
 filed by the Company with the U.S. Securities and Exchange Commission (the "**SEC** ")
 on or prior to the Closing Date complied in all material respects with the applicable requirements
 of the Securities Act of 1933, as amended (the "**Securities Act**") and the
 Securities Exchange Act of 1934, as amended (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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Assuming the accuracy of the Investor's
 representations and warranties set forth in this Subscription Agreement, 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 Subscribed Shares) and the consummation of the transactions
 contemplated herein other than (i) filings with the SEC, (ii) filings required
 by applicable securities laws, (iii) filings required in accordance with this Subscription
 Agreement, (iv) filings required by the Nasdaq Stock Exchange ()"**Nasdaq** "),
 including with respect to obtaining approval of the Company's shareholders, if applicable,
 and (v) filings that the failure of which to obtain would not be reasonably be expected
 to have, individually or in the aggregate, a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) All issued and outstanding ordinary shares
 of the Company have been duly authorized and validly issued, are fully paid and are non-assessable,
 free and clear of all liens or other restrictions (other than those arising under applicable
 securities laws) and are not subject to preemptive or other similar rights. Except as set
 forth above, the agreements and arrangements referred to therein or in the SEC Reports, as
 of the date hereof, there are no outstanding options, warrants or other rights to subscribe
 for, purchase or acquire from the Company any ordinary shares or other equity interests in
 the Company, or securities convertible into or exchangeable or exercisable for such equity
 interests. There are no shareholder agreements, voting trusts or other agreements or understandings
 to which the Company is a party or by which it is bound other than as set forth in the SEC
 Reports.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) As of the date hereof, the issued and
 outstanding ordinary shares of the Company are registered pursuant to Section 12(b) of
 the Exchange Act and are listed for trading on Nasdaq under the symbol "**SHMD**."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Assuming the accuracy of the Investor's
 representations and warranties set forth in this Subscription Agreement, no registration
 under the Securities Act is required for the offer and sale of the Subscribed Shares hereunder.
 The Subscribed Shares (i) were not offered by any form of general solicitation or general
 advertising (as those terms are used in Regulation D under the Securities Act) 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 or in a manner that would
 otherwise 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 Subscribed Shares under the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) The Company and its respective subsidiaries
 have not taken any steps to seek protection pursuant to any law or statute relating to bankruptcy,
 insolvency, reorganization, receivership, liquidation, administration or winding up or failed
 to pay its debts when due, nor does the Company or any of its subsidiaries have any knowledge
 or reason to believe that any of their respective creditors intend to initiate involuntary
 bankruptcy proceedings or seek to commence an administration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) There
 has been no action taken by the Company against any officer, director, equityholder, manager,
 employee, agent or representative of the Company, in each case, acting on behalf of the Company
 (as applicable), in violation of any applicable Anti-Corruption Laws (as herein defined),
 (i) none of the Company and its respective officers, directors, equityholders, managers,
 employees, agents and representatives has been convicted of violating any Anti-Corruption
 Laws or subjected to any investigation by a governmental authority for violation of any applicable
 Anti-Corruption Laws, (ii) the Company has not conducted or initiated any internal investigation
 or made a voluntary, directed, or involuntary disclosure to any governmental authority regarding
 any alleged act or omission arising under or relating to any noncompliance with any Anti-Corruption
 Laws and (iii) the Company has not received any written notice or citation from a governmental
 authority for any actual or potential noncompliance with any applicable Anti-Corruption Laws.
 As used herein, "**Anti-Corruption Laws**" means any applicable laws relating
 to corruption and bribery, including the U.S. Foreign Corrupt Practices Act of 1977 (as amended),
 the UK Bribery Act 2010, and any similar law that prohibits bribery or corruption.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Neither
 the Company nor any of its directors is (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) owned, directly
 or indirectly, or controlled by, or acting on behalf of, one or more persons that are named
 on the OFAC List; (iii) organized, incorporated, established, located, resident or born
 in, or a citizen, national or the government, including any political subdivision, agency
 or instrumentality thereof, of, Cuba, Iran, North Korea, Syria, the Crimea region of
 Ukraine, the "Donetsk People's Republic", the "Luhansk People's
 Republic" or any other country or territory embargoed or subject to substantial trade
 restrictions by the United States; (iv) a Designated National as defined in the Cuban
 Assets Control Regulations, 31 C.F.R. Part 515; or (v) a non-U.S. shell bank or
 providing banking services indirectly to a non-U.S. shell bank. The Company agrees to provide
 law enforcement agencies, if requested thereby, such records as required by applicable law,
 provided that the Company is permitted to do so under applicable law. To the extent required,
 it maintains policies and procedures reasonably designed to ensure compliance with OFAC-administered
 sanctions programs, including for the screening of its investors against the OFAC sanctions
 programs, including the OFAC List.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) The Company is not, and immediately after
 issuance of the Subscribed Shares will not be, an "investment company" within the
 meaning of the Investment Company Act of 1940, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) 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
 Investor could become liable. The Company is not aware of any person that has been or will
 be paid (directly or indirectly) remuneration for solicitation of purchasers in connection
 with the sale of any Subscribed Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) All material information about the financial
 position of the Company and its subsidiaries as of the date of this Subscription Agreement
 and the Closing Date has been provided to the Investor and fairly represents the true, accurate,
 complete and up to date financial position of the Company and its subsidiaries.

3. **Investor Representations and Warranties** 

The Investor represents and warrants to the Company that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 Investor (i) is acquiring the Subscribed Shares only for his, her or its own account
 and not for the account of others, and (ii) is not acquiring the Subscribed Shares with
 a view to, or for offer or sale in connection with, any distribution thereof in violation
 of the Securities Act or any securities laws of the United States or any other jurisdiction.
 The Investor further acknowledges that it is aware that the sale to it is being made in reliance
 on a private placement exemption from registration under the Securities Act and is acquiring
 the Subscribed Shares for its own account or for an account over which it exercises sole
 discretion for another qualified institutional buyer or accredited investor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Investor acknowledges that the Subscribed Shares are being offered in a transaction not involving
 any public offering within the meaning of the Securities Act and that the Subscribed Shares
 have not been and will not immediately be registered under the Securities Act or any other
 applicable securities laws, and thus will not be immediately available for trading on Nasdaq
 or any other stock exchange. The Investor acknowledges and agrees that the Subscribed Shares
 are being offered for resale in transactions not requiring registration under the Securities
 Act, and unless so registered, may not be offered, resold, transferred, pledged or otherwise
 disposed of by the Investor absent an effective registration statement under the Securities
 Act 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. The Investor acknowledges that the Subscribed Shares will be subject
 to transfer restrictions under applicable securities laws and, as a result of these transfer
 restrictions, the Investor may not be able to readily offer, resell, transfer, pledge or
 otherwise dispose of the Subscribed Shares and may be required to bear the financial risk
 of an investment in the Shares for an indefinite period of time. The Investor acknowledges
 that the Subscribed Shares will not be eligible for offer, resale, transfer, pledge or disposition
 pursuant to Rule 144 promulgated under the Securities Act until at least one year from
 the Closing Date. The Investor acknowledges and agrees that it has been advised to consult
 legal counsel and tax and accounting advisors prior to making any offer, resale, transfer,
 pledge or disposition of any of the Subscribed Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The
 Investor acknowledges and agrees that the Investor is purchasing the Subscribed Shares from
 the Company. The Investor further acknowledges that there have been no representations or
 warranties on which the Investor may rely on in purchasing the Subscribed Shares made to
 the Investor by or on behalf of the Company or any of their respective affiliates or any
 control persons, officers, directors, employees, partners, agents or representatives of any
 of the foregoing or any other person or entity, expressly or by implication, other than those
 representations or warranties, of the Company expressly set forth in this Subscription Agreement.
 The Investor understands that, save as otherwise set forth in the Registration Statement
 (as defined below) or any SEC Report, certain financial information (whether historical or
 in the form of financial forecasts or projections) of the Company has been prepared and reviewed
 solely by the Company and its respective officers, directors and employees, as applicable,
 and have not been reviewed by any outside party or certified or audited by an independent
 third-party auditor or audit firm.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Investor acknowledges and agrees that
 the Investor has received such information as the Investor deems necessary in order to make
 an investment decision with respect to the Subscribed Shares, including with respect to the
 business of the Company and its direct and indirect subsidiaries. Without limiting the generality
 of the foregoing, the Investor acknowledges that he, she or it has reviewed, the SEC Reports
 and other information as the Investor have deemed necessary to make an investment decision
 with respect to the Subscribed Shares. However, neither any such inquiries, nor any due diligence
 investigation conducted by the Investor or any of the Investor's professional advisors nor
 anything else contained herein, shall modify, limit, or otherwise affect the Investor's right
 to rely on each of the representations and warranties of the Company contained in this Subscription
 Agreement. The Investor acknowledges and agrees that the Investor and the Investor's professional
 advisor(s), if any, have had the opportunity to ask such questions, receive such answers
 and obtain such information from the Company as the Investor and such Investor's professional
 advisor(s), if any, have deemed necessary to make an investment decision with respect to
 the Subscribed Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The
 Investor acknowledges that it is aware that there are substantial risks incident to the purchase
 and ownership of the Subscribed Shares, including those set forth in the SEC Reports. The
 Investor 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 Subscribed Shares, and the Investor
 has sought such accounting, legal and tax advice as the Investor has considered necessary
 to make an informed investment decision. The Investor acknowledges that, except for representations
 and warranties of the Company set forth in this Subscription Agreement, the Company has not
 provided any tax or financial advice or any other representation or guarantee regarding the
 tax or financial consequences of the transactions contemplated by this Subscription Agreement
 or the Transaction. The Investor is able to sustain a complete loss on its investment in
 the Subscribed Shares; and has no reason to anticipate any change in circumstances, financial
 or otherwise, which may cause or require any sale or distribution of all or any part of the
 Subscribed Shares in violation of applicable securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Alone, or together with any professional
 advisor(s), the Investor has adequately analyzed and considered the risks of an investment
 in the Subscribed Shares and, assuming the accuracy of representations and warranties set
 forth in this Subscription Agreement, determined that the Subscribed Shares are a suitable
 investment for the Investor and that the Investor is able at this time and in the foreseeable
 future to bear the economic risk of a total loss of the Investor's investment in the Company.
 The Investor acknowledges specifically that a possibility of total loss exists.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) In making its decision to purchase the
 Subscribed Shares, the Investor has relied solely upon independent investigation made by
 the Investor and the representations and warranties expressly set forth in this Subscription
 Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The Investor acknowledges that it has
 such knowledge and experience in financial and business matters as to be capable of evaluating
 the merits and risks of its prospective investment in the Subscribed Shares and has the ability
 to bear the economic risks of its prospective investment and can afford the complete loss
 of such investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Investor acknowledges and agrees that
 no U.S. federal or state agency has passed upon or endorsed the merits of the offering of
 the Subscribed Shares or made any findings or determination as to the fairness of this investment.

Nothing herein is intended to limit the Investor's ability, subject to compliance with applicable securities laws, to trade in securities of issuers who may be in the same, or a similar, sector as the Company.

4. **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, with the mutual written agreement of each of the parties hereto to terminate this Subscription Agreement; provided that nothing herein will relieve any party from liability for any material breach hereof prior to the time of termination, and each party will be entitled to any remedies at law or in equity to recover losses, liabilities or damages arising from any such material breach.

5. **Miscellaneous** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Neither this Subscription Agreement nor
 any rights that may accrue to the parties hereunder (other than the Subscribed Shares, if
 any) may be transferred or assigned without the prior written consent of each of the other
 parties hereto; provided that, upon written notice to the Company, (i) this Subscription
 Agreement and any of the Investor's rights and obligations hereunder may be assigned to an
 affiliate or any fund or account advised or managed by the Investor or the same investment
 manager or investment advisor as the Investor or by an affiliate (as defined in Rule 12b-2
 of the Exchange Act) of such investment manager or investment advisor without the prior consent
 of the other parties hereto and (ii) the Investor's rights under this Agreement may
 be assigned to an assignee or transferee of the Subscribed Shares; provided, further, that
 prior to such assignment any such assignee shall agree in writing to be bound by the terms
 hereof; provided, that no such assignment shall relieve the Investor of its obligations hereunder
 if any such assignee fails to perform such obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Company may request from the Investor such additional information the Company may reasonably
 deem necessary to register the resale of the Subscribed Shares and evaluate the eligibility
 of the Investor to acquire the Subscribed Shares, and the Investor shall as promptly as reasonably
 practicable provide such information as may reasonably be requested to the extent readily
 available and to the extent consistent with the Investor's internal policies and procedures;
 provided that the Company agrees to keep any such information provided by the Investor confidential
 except (i) as required by applicable federal securities laws or pursuant to a request
 by competent regulatory authorities or (ii) to the extent such disclosure is required
 by law, at the request of the staff of the SEC or regulatory agency or under the applicable
 regulations of any national securities exchange on which the Company's securities are listed
 for trading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Investor acknowledges that the Company
 will rely on the acknowledgments, understandings, agreements, representations and warranties
 contained in this Subscription Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The
 Company is entitled to rely upon this Subscription Agreement and each 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; provided,
 however, that the foregoing clause of this Section 5(d) shall not give the Company
 any rights other than those expressly set forth herein. The Investor is 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; provided, however, that the
 foregoing clause of this Section 5(d) shall not give the Investor any rights other
 than those expressly set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) All of the agreements, representations
 and warranties made by each party hereto in this Subscription Agreement shall survive the
 Closing Date until the expiry of the applicable statute of limitations. For the avoidance
 of doubt, unless this Agreement has been terminated prior to Closing Date, all representations,
 warranties, covenants and agreements of the parties hereunder shall survive the consummation
 of the Transaction and remain in full force and effect until the expiry of the applicable
 statute of limitations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) This Subscription Agreement may not be
 amended, modified, waived or terminated (other than pursuant to the terms of Section 4
 above) except by an instrument in writing, signed by each of the parties hereto. No failure
 or delay of any party in exercising any right or remedy hereunder shall operate as a waiver
 thereof, nor shall any single or partial exercise of any such right or power, or any abandonment
 or discontinuance of steps to enforce such right or power, or any course of conduct, preclude
 any other or further exercise thereof or the exercise of any other right or power. The rights
 and remedies of the parties hereunder are cumulative and are not exclusive of any rights
 or remedies that they would otherwise have hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) This
 Subscription Agreement (including the schedule hereto) 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Except as otherwise expressly provided
 herein, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If any provision of this Subscription
 Agreement shall be adjudicated by a court of competent jurisdiction to 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) 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. Counterparts may be delivered via
 facsimile, electronic mail (including any electronic signature covered by the U.S. federal
 ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic Signatures and Records
 Act or other applicable law, e.g., www.docusign.com) or other transmission method and any
 counterpart so delivered shall be deemed to have been duly and validly delivered and be valid
 and effective for all purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) The parties hereto acknowledge and 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 seek an injunction or injunctions
 to prevent breaches of this Subscription Agreement, without posting a bond or undertaking
 and without proof of damages, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) This Subscription Agreement shall be governed
 by and construed in accordance with the laws of the Germany (regardless of the laws that
 might otherwise govern under applicable principles of conflicts of laws thereof) as to all
 matters (including any action, suit, litigation, arbitration, mediation, claim, charge, complaint,
 inquiry, proceeding, hearing, audit, investigation or reviews by or before any governmental
 entity related hereto), including matters of validity, construction, effect, performance
 and remedies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Each party hereto hereby, and any person
 asserting rights as a third-party beneficiary may do so only if it, irrevocably agrees that
 any action, suit or proceeding between or among the parties hereto, whether arising in contract,
 tort or otherwise, arising in connection with any disagreement, dispute, controversy or claim
 arising out of or relating to this Subscription Agreement or any related document or any
 of the transactions contemplated hereby or thereby ()"**Legal Dispute**") shall
 be brought only to the exclusive jurisdiction of the courts of Stuttgart, Germany, and each
 party hereto hereby consents to the jurisdiction of such courts (and of the appropriate appellate
 courts therefrom) in any such suit, action or proceeding and irrevocably waives, to the fullest
 extent permitted by law, any objection that it may now or hereafter have to the laying of
 the venue of any such suit, action or proceeding in any such court or that any such suit,
 action or proceeding that is brought in any such court has been brought in an inconvenient
 forum. During the period a Legal Dispute that is filed in accordance with this Section 5(m) is
 pending before a court, all actions, suits or proceedings with respect to such Legal Dispute
 or any other Legal Dispute, including any counterclaim, cross-claim or interpleader, shall
 be subject to the exclusive jurisdiction of such court. Each party hereto and any person
 asserting rights as a third-party beneficiary may do so only if it hereby waives, and shall
 not assert as a defense in any Legal Dispute, that (a) such party is not personally
 subject to the jurisdiction of the above named courts for any reason, (b) such action,
 suit or proceeding may not be brought or is not maintainable in such court, (c) such
 party's property is exempt or immune from execution, (d) such action, suit or proceeding
 is brought in an inconvenient forum, or (e) the venue of such action, suit or proceeding
 is improper. A final judgment in any action, suit or proceeding described in this Section 5(m) following
 the expiration of any period permitted for appeal and subject to any stay during appeal shall
 be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any
 other manner provided by applicable laws. EACH OF THE PARTIES HERETO AND ANY PERSON ASSERTING
 RIGHTS AS A THIRD-PARTY BENEFICIARY MAY DO SO ONLY IF IT IRREVOCABLY AND UNCONDITIONALLY
 WAIVES ANY RIGHT TO TRIAL BY JURY ON ANY CLAIMS OR COUNTERCLAIMS ASSERTED IN ANY LEGAL DISPUTE
 RELATING TO THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY AND FOR ANY
 COUNTERCLAIM RELATING THERETO. IF THE SUBJECT MATTER OF ANY SUCH LEGAL DISPUTE IS ONE IN
 WHICH THE WAIVER OF JURY TRIAL IS PROHIBITED, NO PARTY HERETO NOR ANY PERSON ASSERTING RIGHTS
 AS A THIRD-PARTY BENEFICIARY SHALL ASSERT IN SUCH LEGAL DISPUTE A NONCOMPULSORY COUNTERCLAIM
 ARISING OUT OF OR RELATING TO THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
 HEREBY. FURTHERMORE, NO PARTY HERETO NOR ANY PERSON ASSERTING RIGHTS AS A THIRD-PARTY BENEFICIARY
 SHALL SEEK TO CONSOLIDATE ANY SUCH LEGAL DISPUTE WITH A SEPARATE ACTION OR OTHER LEGAL PROCEEDING
 IN WHICH A JURY TRIAL CANNOT BE WAIVED.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) Any notice or communication required or
 permitted hereunder to be given to a party hereto shall be in writing and either delivered
 personally, emailed or sent by overnight mail via a reputable overnight carrier to such address(es)
 or email address(es) set forth on the signature page hereto, and shall be deemed to
 be given and received (i) when so delivered personally, or (ii) when sent, with
 no mail undeliverable or other rejection notice, if sent by email.

6. **Disclosure** 

The Company shall issue one or more press releases or file with the SEC a Current Report on Form 6-K (collectively, the "**Disclosure Document**") disclosing all material terms of the transactions contemplated hereby and any other material, nonpublic information that the Company has provided to the Investor at any time prior to the filing of the Disclosure Document.

[*SIGNATURE PAGES FOLLOW*]

**IN WITNESS WHEREOF**, the Investor has executed or caused this Subscription Agreement to be executed by its duly authorized representative as of the date set forth below.

---

| | |
|:---|:---|
| 24 April 2026 | 24 April 2026 |
| **Anette Schmid** | **Anette Schmid** |
| By: | /s/ Anette Schmid |

---

**IN WITNESS WHEREOF**, the Company has accepted this Subscription Agreement as of the date set forth below.

---

| | |
|:---|:---|
| 24 April 2026 | 24 April 2026 |
| **SCHMID Group N.V.** | **SCHMID Group N.V.** |
| By: | /s/ Arthur Schuetz |
| Name: Arthur Schuetz | Name: Arthur Schuetz |
| Title: CFO SCHMID Group N.V. | Title: CFO SCHMID Group N.V. |

---

## Exhibit 10.2

**Exhibit 10.2**

**SUBSCRIPTION AGREEMENT**

SCHMID Group N.V.

Robert-Bosch-Str. 32-36,<br> 72250 Freudenstadt

Germany

Ladies and Gentlemen:

This subscription agreement (the "**Subscription Agreement**") is being entered into by and between SCHMID Group N.V. (the "**Company**"), a Dutch public limited liability company (*naamloze vennootschap*), and Christian Schmid (the "**Investor**"), for ordinary shares in the share capital of the Company ("**Shares**").

The Investor has claims against the Company of EUR 8,000,000 (the "**Outstanding Claims**"). In connection with this outstanding debt, the Company will issue Shares (the "**Subscribed Shares**") of the Company against set-off of the Outstanding Claims, subject to the terms and conditions of this Subscription Agreement. The closing of the transaction by issuance of the Subscribed Shares to an account of the Investor at the Company's share transfer agent Continental Stock Transfer & Trust Company ("**Continental**") (the "**Closing**") will be performed as soon as possible after the approval of the share issuance by the Company's shareholders in a shareholder meeting contemplated to be held on May 20, 2026 (the date on which the Closing occurs, the "**Closing Date**") with the Company informing the Investor through a written share issuance notice (which can be by e-mail) once the Company's board of directors has approved the issuance of the Subscribed Shares (the "**Share Issuance Notice**").

The exact number of issued shares shall be calculated by dividing the Outstanding Claims by the Average VWAP.

"**Average VWAP**" means 100% of the arithmetic average of the Daily VWAPs for the five (5) Trading Days immediately preceding the date of the Share Issuance Notice.

"**Daily VWAP**" means the per share volume-weighted average price as displayed under the heading "Bloomberg VWAP" on Bloomberg page "SHMD AQR" (or its equivalent successor if such page is not available) in respect of the period from the scheduled open of trading until the scheduled close of trading of the primary trading session on such Trading Day (or if such volume- weighted average price is unavailable, the market value of one share of the Common Stock on such Trading Day determined, using a volume-weighted average method, by a nationally recognized independent investment banking firm retained for this purpose by the Company). The "Daily VWAP" shall be determined without regard to after-hours trading or any other trading outside of the regular trading session trading hours.

In connection therewith, and in consideration of the foregoing and the mutual representations, and subject to the conditions, set forth herein, and intending to be legally bound hereby, the Investor and the Company hereby agrees as follows:

1. **Issuance and Transfer** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Investor hereby irrevocably agrees
 to subscribe for and purchase from the Company, and the Company hereby irrevocably agrees
 to issue and sell to the Investor, the Subscribed Shares on the terms and subject to the
 conditions provided for herein through a set-off of the Outstanding Claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) On the Closing Date, the Company shall
 issue to the Investor, and the Investor shall subscribe for, the Subscribed Shares in compliance
 with the laws of the Netherlands, including but not limited to issuance through Dutch notarial
 deeds (the "**Share Issuance** "), and the Company shall procure that the Investor's
 ownership over the Subscribed Shares is registered with Continental.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Upon completion of the Share Issuance
 and upon the Investor becoming the sole legal and beneficial owner of the Subscribed Shares
 as evidenced by an updated entry in the share registry of the Company at Continental, the
 obligation of the Company to repay the Outstanding Claims shall be deemed to have been fully
 and irrevocably discharged.

2. **Company Representations and Warranties** 

The Company, with respect to the representations and warranties set forth below relating to the Company, represents and warrants to the Investor that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company is a public limited liability
 company (*naamloze vennootschap*) under the laws of the Netherlands.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) As of the Closing Date, the Subscribed
 Shares will be duly authorized and, when issued and delivered to the Investor in accordance
 with the terms of this Subscription Agreement, the Subscribed Shares will be validly issued,
 fully paid and non-assessable (which, under Dutch law, is interpreted to mean that a holder
 of a Share shall not by reason of merely being such a holder be subject to assessment or
 calls by the Company or its creditors for further payment on such Share) free and clear of
 any liens, encumbrances or other restrictions (other than those arising under applicable
 securities laws), and will not have been issued in violation of or subject to any preemptive
 or similar rights created under the Company's articles of association (*statuten*) as
 in effect at such time of issuance and as they will read by contract or under the laws of
 the Netherlands.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) This Subscription Agreement has been duly
 authorized, executed and delivered by the Company and, assuming that this Subscription Agreement
 constitutes the legal, valid and binding agreement of the Investor, this Subscription Agreement
 constitutes the legal, valid and binding agreement of 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, or (ii) principles
 of equity, whether considered at law or equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The execution and delivery of, and the
 performance of the transactions contemplated hereby, including the issuance and sale of the
 Subscribed Shares and the compliance by the Company with all of the provisions of this Subscription
 Agreement and the consummation of the transactions contemplated herein does not and will
 not (i) 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 the Company's subsidiaries
 pursuant to the terms of any indenture, mortgage, deed of trust, loan agreement, lease, license
 or other agreement or instrument to which the Company or the Company's subsidiaries, as applicable,
 is a party or by which the Company or the Company's subsidiaries, as applicable, is bound
 or to which any of the property or assets of the Company or the Company's subsidiaries, as
 applicable, is subject that is or would reasonably be expected to have, individually or in
 the aggregate with all other facts, events, circumstances, changes, conditions, occurrences
 and effects, a material adverse effect on the business, properties, assets, liabilities,
 condition (financial or otherwise), results of operations or prospects of the Company and
 its subsidiaries, in each case taken as a whole, or on the ability of the Company to consummate
 the transactions contemplated under this Subscription Agreement (a "**Material Adverse Effect** "), or to materially affect the validity of the Subscribed Shares or the legal
 authority of the Company to comply in all material respects with the terms of this Subscription
 Agreement; (ii) result in any violation of the provisions of the organizational or constituent
 documents of the Company or the Company's subsidiaries, as applicable; 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 the Company's subsidiaries, as applicable, or any of their respective properties that
 would reasonably be expected to have, individually or in the aggregate, a Material Adverse
 Effect or materially affect the validity of the Subscribed Shares or the legal authority
 of the Company to comply in all material respects with the terms of this Subscription Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Company is not in default or violation
 (and no event has occurred which, with notice or the lapse of time or both, would constitute
 a default or violation) of any term, condition or provision of (i) the organizational
 documents of the Company, (ii) any loan or credit agreement, guarantee, note, bond,
 mortgage, indenture, lease or other agreement, permit, franchise or license to which, as
 of the date of this Subscription Agreement, the Company is a party or by which properties
 or assets of the Company are bound or (iii) any statute or any judgment, order, rule or
 regulation of any court or governmental agency, taxing authority or regulatory body, domestic
 or foreign, having jurisdiction over the Company or any of their properties, as applicable,
 except for defaults or violations that have not had and would not reasonably be expected
 to have, individually or in the aggregate, a Material Adverse Effect, or those that the Investor
 has been made aware of and waived Company liability for as outlined in this Subscription
 Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) As of their respective dates, or, if amended,
 as of the date of such amendment, which shall be deemed to supersede such original filing,
 all forms, reports, statements, schedules, prospectuses, proxies, registration statements
 and other documents, if any (the "**SEC Reports**") filed by the Company with
 the U.S. Securities and Exchange Commission (the "**SEC**") on or prior to the
 Closing Date complied in all material respects with the applicable requirements of the Securities
 Act of 1933, as amended (the "**Securities Act**") and the Securities Exchange
 Act of 1934, as amended (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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Assuming the accuracy of the Investor's
 representations and warranties set forth in this Subscription Agreement, 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 Subscribed Shares) and the consummation of the transactions
 contemplated herein other than (i) filings with the SEC, (ii) filings required
 by applicable securities laws, (iii) filings required in accordance with this Subscription
 Agreement, (iv) filings required by the Nasdaq Stock Exchange ()"**Nasdaq** "),
 including with respect to obtaining approval of the Company's shareholders, if applicable,
 and (v) filings that the failure of which to obtain would not be reasonably be expected
 to have, individually or in the aggregate, a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) All issued and outstanding ordinary shares
 of the Company have been duly authorized and validly issued, are fully paid and are non-assessable,
 free and clear of all liens or other restrictions (other than those arising under applicable
 securities laws) and are not subject to preemptive or other similar rights. Except as set
 forth above, the agreements and arrangements referred to therein or in the SEC Reports, as
 of the date hereof, there are no outstanding options, warrants or other rights to subscribe
 for, purchase or acquire from the Company any ordinary shares or other equity interests in
 the Company, or securities convertible into or exchangeable or exercisable for such equity
 interests. There are no shareholder agreements, voting trusts or other agreements or understandings
 to which the Company is a party or by which it is bound other than as set forth in the SEC
 Reports.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) As of the date hereof, the issued and
 outstanding ordinary shares of the Company are registered pursuant to Section 12(b) of
 the Exchange Act and are listed for trading on Nasdaq under the symbol "**SHMD**."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Assuming the accuracy of the Investor's
 representations and warranties set forth in this Subscription Agreement, no registration
 under the Securities Act is required for the offer and sale of the Subscribed Shares hereunder.
 The Subscribed Shares (i) were not offered by any form of general solicitation or general
 advertising (as those terms are used in Regulation D under the Securities Act) 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 or in a manner that would
 otherwise 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 Subscribed Shares under the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) The Company and its respective subsidiaries
 have not taken any steps to seek protection pursuant to any law or statute relating to bankruptcy,
 insolvency, reorganization, receivership, liquidation, administration or winding up or failed
 to pay its debts when due, nor does the Company or any of its subsidiaries have any knowledge
 or reason to believe that any of their respective creditors intend to initiate involuntary
 bankruptcy proceedings or seek to commence an administration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) There has been no action taken by the
 Company against any officer, director, equityholder, manager, employee, agent or representative
 of the Company, in each case, acting on behalf of the Company (as applicable), in violation
 of any applicable Anti-Corruption Laws (as herein defined), (i) none of the Company
 and its respective officers, directors, equityholders, managers, employees, agents and representatives
 has been convicted of violating any Anti-Corruption Laws or subjected to any investigation
 by a governmental authority for violation of any applicable Anti-Corruption Laws, (ii) the
 Company has not conducted or initiated any internal investigation or made a voluntary, directed,
 or involuntary disclosure to any governmental authority regarding any alleged act or omission
 arising under or relating to any noncompliance with any Anti-Corruption Laws and (iii) the
 Company has not received any written notice or citation from a governmental authority for
 any actual or potential noncompliance with any applicable Anti-Corruption Laws. As used herein,
 "**Anti-Corruption Laws**" means any applicable laws relating to corruption
 and bribery, including the U.S. Foreign Corrupt Practices Act of 1977 (as amended), the UK
 Bribery Act 2010, and any similar law that prohibits bribery or corruption.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Neither the Company nor any of its directors
 is (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) owned, directly or indirectly, or controlled by, or acting on behalf of,
 one or more persons that are named on the OFAC List; (iii) organized, incorporated,
 established, located, resident or born in, or a citizen, national or the government, including
 any political subdivision, agency or instrumentality thereof, of, Cuba, Iran, North
 Korea, Syria, the Crimea region of Ukraine, the "Donetsk People's Republic",
 the "Luhansk People's Republic" or any other country or territory embargoed
 or subject to substantial trade restrictions by the United States; (iv) a Designated
 National as defined in the Cuban Assets Control Regulations, 31 C.F.R. Part 515; or
 (v) a non-U.S. shell bank or providing banking services indirectly to a non-U.S. shell
 bank. The Company agrees to provide law enforcement agencies, if requested thereby, such
 records as required by applicable law, provided that the Company is permitted to do so under
 applicable law. To the extent required, it maintains policies and procedures reasonably designed
 to ensure compliance with OFAC-administered sanctions programs, including for the screening
 of its investors against the OFAC sanctions programs, including the OFAC List.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) The Company is not, and immediately after
 issuance of the Subscribed Shares will not be, an "investment company" within the
 meaning of the Investment Company Act of 1940, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) 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
 Investor could become liable. The Company is not aware of any person that has been or will
 be paid (directly or indirectly) remuneration for solicitation of purchasers in connection
 with the sale of any Subscribed Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) All material information about the financial
 position of the Company and its subsidiaries as of the date of this Subscription Agreement
 and the Closing Date has been provided to the Investor and fairly represents the true, accurate,
 complete and up to date financial position of the Company and its subsidiaries.

3. **Investor Representations and Warranties** 

The Investor represents and warrants to the Company that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Investor (i) is acquiring the
 Subscribed Shares only for his, her or its own account and not for the account of others,
 and (ii) is not acquiring the Subscribed Shares with a view to, or for offer or sale
 in connection with, any distribution thereof in violation of the Securities Act or any securities
 laws of the United States or any other jurisdiction. The Investor further acknowledges that
 it is aware that the sale to it is being made in reliance on a private placement exemption
 from registration under the Securities Act and is acquiring the Subscribed Shares for its
 own account or for an account over which it exercises sole discretion for another qualified
 institutional buyer or accredited investor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Investor acknowledges that the Subscribed
 Shares are being offered in a transaction not involving any public offering within the meaning
 of the Securities Act and that the Subscribed Shares have not been and will not immediately
 be registered under the Securities Act or any other applicable securities laws, and thus
 will not be immediately available for trading on Nasdaq or any other stock exchange. The
 Investor acknowledges and agrees that the Subscribed Shares are being offered for resale
 in transactions not requiring registration under the Securities Act, and unless so registered,
 may not be offered, resold, transferred, pledged or otherwise disposed of by the Investor
 absent an effective registration statement under the Securities Act 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. The Investor
 acknowledges that the Subscribed Shares will be subject to transfer restrictions under applicable
 securities laws and, as a result of these transfer restrictions, the Investor may not be
 able to readily offer, resell, transfer, pledge or otherwise dispose of the Subscribed Shares
 and may be required to bear the financial risk of an investment in the Shares for an indefinite
 period of time. The Investor acknowledges that the Subscribed Shares will not be eligible
 for offer, resale, transfer, pledge or disposition pursuant to Rule 144 promulgated
 under the Securities Act until at least one year from the Closing Date. The Investor acknowledges
 and agrees that it has been advised to consult legal counsel and tax and accounting advisors
 prior to making any offer, resale, transfer, pledge or disposition of any of the Subscribed
 Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Investor acknowledges and agrees that
 the Investor is purchasing the Subscribed Shares from the Company. The Investor further acknowledges
 that there have been no representations or warranties on which the Investor may rely on in
 purchasing the Subscribed Shares made to the Investor by or on behalf of the Company or any
 of their respective affiliates or any control persons, officers, directors, employees, partners,
 agents or representatives of any of the foregoing or any other person or entity, expressly
 or by implication, other than those representations or warranties, of the Company expressly
 set forth in this Subscription Agreement. The Investor understands that, save as otherwise
 set forth in the Registration Statement (as defined below) or any SEC Report, certain financial
 information (whether historical or in the form of financial forecasts or projections) of
 the Company has been prepared and reviewed solely by the Company and its respective officers,
 directors and employees, as applicable, and have not been reviewed by any outside party or
 certified or audited by an independent third-party auditor or audit firm.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Investor acknowledges and agrees that
 the Investor has received such information as the Investor deems necessary in order to make
 an investment decision with respect to the Subscribed Shares, including with respect to the
 business of the Company and its direct and indirect subsidiaries. Without limiting the generality
 of the foregoing, the Investor acknowledges that he, she or it has reviewed, the SEC Reports
 and other information as the Investor have deemed necessary to make an investment decision
 with respect to the Subscribed Shares. However, neither any such inquiries, nor any due diligence
 investigation conducted by the Investor or any of the Investor's professional advisors nor
 anything else contained herein, shall modify, limit, or otherwise affect the Investor's right
 to rely on each of the representations and warranties of the Company contained in this Subscription
 Agreement. The Investor acknowledges and agrees that the Investor and the Investor's professional
 advisor(s), if any, have had the opportunity to ask such questions, receive such answers
 and obtain such information from the Company as the Investor and such Investor's professional
 advisor(s), if any, have deemed necessary to make an investment decision with respect to
 the Subscribed Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Investor acknowledges that it is aware
 that there are substantial risks incident to the purchase and ownership of the Subscribed
 Shares, including those set forth in the SEC Reports. The Investor 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 Subscribed Shares, and the Investor has sought such accounting,
 legal and tax advice as the Investor has considered necessary to make an informed investment
 decision. The Investor acknowledges that, except for representations and warranties of the
 Company set forth in this Subscription Agreement, the Company has not provided any tax or
 financial advice or any other representation or guarantee regarding the tax or financial
 consequences of the transactions contemplated by this Subscription Agreement or the Transaction.
 The Investor is able to sustain a complete loss on its investment in the Subscribed Shares;
 and has no reason to anticipate any change in circumstances, financial or otherwise, which
 may cause or require any sale or distribution of all or any part of the Subscribed Shares
 in violation of applicable securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Alone, or together with any professional
 advisor(s), the Investor has adequately analyzed and considered the risks of an investment
 in the Subscribed Shares and, assuming the accuracy of representations and warranties set
 forth in this Subscription Agreement, determined that the Subscribed Shares are a suitable
 investment for the Investor and that the Investor is able at this time and in the foreseeable
 future to bear the economic risk of a total loss of the Investor's investment in the Company.
 The Investor acknowledges specifically that a possibility of total loss exists.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) In making its decision to purchase the
 Subscribed Shares, the Investor has relied solely upon independent investigation made by
 the Investor and the representations and warranties expressly set forth in this Subscription
 Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The Investor acknowledges that it has
 such knowledge and experience in financial and business matters as to be capable of evaluating
 the merits and risks of its prospective investment in the Subscribed Shares and has the ability
 to bear the economic risks of its prospective investment and can afford the complete loss
 of such investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Investor acknowledges and agrees that
 no U.S. federal or state agency has passed upon or endorsed the merits of the offering of
 the Subscribed Shares or made any findings or determination as to the fairness of this investment.

Nothing herein is intended to limit the Investor's ability, subject to compliance with applicable securities laws, to trade in securities of issuers who may be in the same, or a similar, sector as the Company.

4. **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, with the mutual written agreement of each of the parties hereto to terminate this Subscription Agreement; provided that nothing herein will relieve any party from liability for any material breach hereof prior to the time of termination, and each party will be entitled to any remedies at law or in equity to recover losses, liabilities or damages arising from any such material breach.

5. **Miscellaneous** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Neither this Subscription Agreement nor
 any rights that may accrue to the parties hereunder (other than the Subscribed Shares, if
 any) may be transferred or assigned without the prior written consent of each of the other
 parties hereto; provided that, upon written notice to the Company, (i) this Subscription
 Agreement and any of the Investor's rights and obligations hereunder may be assigned to an
 affiliate or any fund or account advised or managed by the Investor or the same investment
 manager or investment advisor as the Investor or by an affiliate (as defined in Rule 12b-2
 of the Exchange Act) of such investment manager or investment advisor without the prior consent
 of the other parties hereto and (ii) the Investor's rights under this Agreement may
 be assigned to an assignee or transferee of the Subscribed Shares; provided, further, that
 prior to such assignment any such assignee shall agree in writing to be bound by the terms
 hereof; provided, that no such assignment shall relieve the Investor of its obligations hereunder
 if any such assignee fails to perform such obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company may request from the Investor
 such additional information the Company may reasonably deem necessary to register the resale
 of the Subscribed Shares and evaluate the eligibility of the Investor to acquire the Subscribed
 Shares, and the Investor shall as promptly as reasonably practicable provide such information
 as may reasonably be requested to the extent readily available and to the extent consistent
 with the Investor's internal policies and procedures; provided that the Company agrees to
 keep any such information provided by the Investor confidential except (i) as required
 by applicable federal securities laws or pursuant to a request by competent regulatory authorities
 or (ii) to the extent such disclosure is required by law, at the request of the staff
 of the SEC or regulatory agency or under the applicable regulations of any national securities
 exchange on which the Company's securities are listed for trading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Investor acknowledges that the Company
 will rely on the acknowledgments, understandings, agreements, representations and warranties
 contained in this Subscription Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company is entitled to rely upon this
 Subscription Agreement and each 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; provided, however, that the foregoing
 clause of this Section 5(d) shall not give the Company any rights other than those
 expressly set forth herein. The Investor is 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; provided, however, that the foregoing clause of this Section 5(d) shall
 not give the Investor any rights other than those expressly set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) All of the agreements, representations
 and warranties made by each party hereto in this Subscription Agreement shall survive the
 Closing Date until the expiry of the applicable statute of limitations. For the avoidance
 of doubt, unless this Agreement has been terminated prior to Closing Date, all representations,
 warranties, covenants and agreements of the parties hereunder shall survive the consummation
 of the Transaction and remain in full force and effect until the expiry of the applicable
 statute of limitations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) This Subscription Agreement may not be
 amended, modified, waived or terminated (other than pursuant to the terms of Section 4
 above) except by an instrument in writing, signed by each of the parties hereto. No failure
 or delay of any party in exercising any right or remedy hereunder shall operate as a waiver
 thereof, nor shall any single or partial exercise of any such right or power, or any abandonment
 or discontinuance of steps to enforce such right or power, or any course of conduct, preclude
 any other or further exercise thereof or the exercise of any other right or power. The rights
 and remedies of the parties hereunder are cumulative and are not exclusive of any rights
 or remedies that they would otherwise have hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) This Subscription Agreement (including
 the schedule hereto) 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Except as otherwise expressly provided
 herein, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If any provision of this Subscription
 Agreement shall be adjudicated by a court of competent jurisdiction to 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) 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. Counterparts may be delivered via
 facsimile, electronic mail (including any electronic signature covered by the U.S. federal
 ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic Signatures and Records
 Act or other applicable law, e.g., www.docusign.com) or other transmission method and any
 counterpart so delivered shall be deemed to have been duly and validly delivered and be valid
 and effective for all purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) The parties hereto acknowledge and 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 seek an injunction or injunctions
 to prevent breaches of this Subscription Agreement, without posting a bond or undertaking
 and without proof of damages, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) This Subscription Agreement shall be governed
 by and construed in accordance with the laws of the Germany (regardless of the laws that
 might otherwise govern under applicable principles of conflicts of laws thereof) as to all
 matters (including any action, suit, litigation, arbitration, mediation, claim, charge, complaint,
 inquiry, proceeding, hearing, audit, investigation or reviews by or before any governmental
 entity related hereto), including matters of validity, construction, effect, performance
 and remedies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Each party hereto hereby, and any person
 asserting rights as a third-party beneficiary may do so only if it, irrevocably agrees that
 any action, suit or proceeding between or among the parties hereto, whether arising in contract,
 tort or otherwise, arising in connection with any disagreement, dispute, controversy or claim
 arising out of or relating to this Subscription Agreement or any related document or any
 of the transactions contemplated hereby or thereby ()"**Legal Dispute**") shall
 be brought only to the exclusive jurisdiction of the courts of Stuttgart, Germany, and each
 party hereto hereby consents to the jurisdiction of such courts (and of the appropriate appellate
 courts therefrom) in any such suit, action or proceeding and irrevocably waives, to the fullest
 extent permitted by law, any objection that it may now or hereafter have to the laying of
 the venue of any such suit, action or proceeding in any such court or that any such suit,
 action or proceeding that is brought in any such court has been brought in an inconvenient
 forum. During the period a Legal Dispute that is filed in accordance with this Section 5(m) is
 pending before a court, all actions, suits or proceedings with respect to such Legal Dispute
 or any other Legal Dispute, including any counterclaim, cross-claim or interpleader, shall
 be subject to the exclusive jurisdiction of such court. Each party hereto and any person
 asserting rights as a third-party beneficiary may do so only if it hereby waives, and shall
 not assert as a defense in any Legal Dispute, that (a) such party is not personally
 subject to the jurisdiction of the above named courts for any reason, (b) such action,
 suit or proceeding may not be brought or is not maintainable in such court, (c) such
 party's property is exempt or immune from execution, (d) such action, suit or proceeding
 is brought in an inconvenient forum, or (e) the venue of such action, suit or proceeding
 is improper. A final judgment in any action, suit or proceeding described in this Section 5(m) following
 the expiration of any period permitted for appeal and subject to any stay during appeal shall
 be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any
 other manner provided by applicable laws. EACH OF THE PARTIES HERETO AND ANY PERSON ASSERTING
 RIGHTS AS A THIRD-PARTY BENEFICIARY MAY DO SO ONLY IF IT IRREVOCABLY AND UNCONDITIONALLY
 WAIVES ANY RIGHT TO TRIAL BY JURY ON ANY CLAIMS OR COUNTERCLAIMS ASSERTED IN ANY LEGAL DISPUTE
 RELATING TO THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY AND FOR ANY
 COUNTERCLAIM RELATING THERETO. IF THE SUBJECT MATTER OF ANY SUCH LEGAL DISPUTE IS ONE IN
 WHICH THE WAIVER OF JURY TRIAL IS PROHIBITED, NO PARTY HERETO NOR ANY PERSON ASSERTING RIGHTS
 AS A THIRD-PARTY BENEFICIARY SHALL ASSERT IN SUCH LEGAL DISPUTE A NONCOMPULSORY COUNTERCLAIM
 ARISING OUT OF OR RELATING TO THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
 HEREBY. FURTHERMORE, NO PARTY HERETO NOR ANY PERSON ASSERTING RIGHTS AS A THIRD-PARTY BENEFICIARY
 SHALL SEEK TO CONSOLIDATE ANY SUCH LEGAL DISPUTE WITH A SEPARATE ACTION OR OTHER LEGAL PROCEEDING
 IN WHICH A JURY TRIAL CANNOT BE WAIVED.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) Any notice or communication required or
 permitted hereunder to be given to a party hereto shall be in writing and either delivered
 personally, emailed or sent by overnight mail via a reputable overnight carrier to such address(es)
 or email address(es) set forth on the signature page hereto, and shall be deemed to
 be given and received (i) when so delivered personally, or (ii) when sent, with
 no mail undeliverable or other rejection notice, if sent by email.

6. **Disclosure** 

The Company shall issue one or more press releases or file with the SEC a Current Report on Form 6-K (collectively, the "**Disclosure Document**") disclosing all material terms of the transactions contemplated hereby and any other material, nonpublic information that the Company has provided to the Investor at any time prior to the filing of the Disclosure Document.

[*SIGNATURE PAGES FOLLOW*]

**IN WITNESS WHEREOF**, the Investor has executed or caused this Subscription Agreement to be executed by its duly authorized representative as of the date set forth below.

---

| | |
|:---|:---|
| 24 April 2026 | 24 April 2026 |
| **Christian Schmid** | **Christian Schmid** |
| By: | /s/ Christian Schmid |

---

**IN WITNESS WHEREOF**, the Company has accepted this Subscription Agreement as of the date set forth below.

---

| | |
|:---|:---|
| 24 April 2026 | 24 April 2026 |
| **SCHMID Group N.V.** | **SCHMID Group N.V.** |
| By: | /s/ Arthur Schuetz |
| Name: Arthur Schuetz | Name: Arthur Schuetz |
| Title: CFO SCHMID Group N.V. | Title: CFO SCHMID Group N.V. |

---

## Exhibit 10.3

**Exhibit 10.3**

**SUBSCRIPTION AGREEMENT**

SCHMID Group N.V.

Robert-Bosch-Str. 32-36,<br> 72250 Freudenstadt

Germany

Ladies and Gentlemen:

This subscription agreement (the "**Subscription Agreement**") is being entered into by and between SCHMID Group N.V. (the "**Company**"), a Dutch public limited liability company (*naamloze vennootschap*), and Christine Schmid (the "**Investor**"), for ordinary shares in the share capital of the Company ("**Shares**").

The Investor has claims against the Company of EUR 2,400,000 (the "**Outstanding Claims**"). In connection with this outstanding debt, the Company will issue Shares (the "**Subscribed Shares**") of the Company against set-off of the Outstanding Claims, subject to the terms and conditions of this Subscription Agreement. The closing of the transaction by issuance of the Subscribed Shares to an account of the Investor at the Company's share transfer agent Continental Stock Transfer & Trust Company ("**Continental**") (the "**Closing**") will be performed as soon as possible after the approval of the share issuance by the Company's shareholders in a shareholder meeting contemplated to be held on May 20, 2026 (the date on which the Closing occurs, the "**Closing Date**") with the Company informing the Investor through a written share issuance notice (which can be by e-mail) once the Company's board of directors has approved the issuance of the Subscribed Shares (the "**Share Issuance Notice**").

The exact number of issued shares shall be calculated by dividing the Outstanding Claims by the Average VWAP.

"**Average VWAP**" means 80% of the arithmetic average of the Daily VWAPs for the five (5) Trading Days immediately preceding the date of the Share Issuance Notice.

"**Daily VWAP**" means the per share volume-weighted average price as displayed under the heading "Bloomberg VWAP" on Bloomberg page "SHMD AQR" (or its equivalent successor if such page is not available) in respect of the period from the scheduled open of trading until the scheduled close of trading of the primary trading session on such Trading Day (or if such volume- weighted average price is unavailable, the market value of one share of the Common Stock on such Trading Day determined, using a volume-weighted average method, by a nationally recognized independent investment banking firm retained for this purpose by the Company). The "Daily VWAP" shall be determined without regard to after-hours trading or any other trading outside of the regular trading session trading hours.

In connection therewith, and in consideration of the foregoing and the mutual representations, and subject to the conditions, set forth herein, and intending to be legally bound hereby, the Investor and the Company hereby agrees as follows:

1. **Issuance and Transfer** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Investor hereby irrevocably agrees to subscribe for and purchase from the Company, and the Company
hereby irrevocably agrees to issue and sell to the Investor, the Subscribed Shares on the terms and subject to the conditions provided
for herein through a set-off of the Outstanding Claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) On the Closing Date, the Company shall issue to the Investor, and the Investor
shall subscribe for, the Subscribed Shares in compliance with the laws of the Netherlands, including but not limited to issuance
through Dutch notarial deeds (the "**Share Issuance** "), and the Company shall procure that the Investor's ownership
over the Subscribed Shares is registered with Continental.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Upon completion of the Share Issuance and upon the Investor becoming the sole legal and beneficial owner
of the Subscribed Shares as evidenced by an updated entry in the share registry of the Company at Continental, the obligation of the Company
to repay the Outstanding Claims shall be deemed to have been fully and irrevocably discharged.

2. **Company Representations and Warranties** 

The Company, with respect to the representations and warranties set forth below relating to the Company, represents and warrants to the Investor that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company is a public limited liability company (*naamloze vennootschap*) under the laws of the
Netherlands.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) As of the Closing Date, the Subscribed Shares will be duly authorized and, when issued and delivered to
the Investor in accordance with the terms of this Subscription Agreement, the Subscribed Shares will be validly issued, fully paid and
non-assessable (which, under Dutch law, is interpreted to mean that a holder of a Share shall not by reason of merely being such a holder
be subject to assessment or calls by the Company or its creditors for further payment on such Share) free and clear of any liens, encumbrances
or other restrictions (other than those arising under applicable securities laws), and will not have been issued in violation of or subject
to any preemptive or similar rights created under the Company's articles of association (*statuten*) as in effect at such time of
issuance and as they will read by contract or under the laws of the Netherlands.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) This Subscription Agreement has been duly authorized, executed and delivered by the Company and, assuming
that this Subscription Agreement constitutes the legal, valid and binding agreement of the Investor, this Subscription Agreement constitutes
the legal, valid and binding agreement of 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, or (ii) principles of equity, whether considered at law or equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The execution and delivery of, and the performance of the transactions contemplated
hereby, including the issuance and sale of the Subscribed Shares and the compliance by the Company with all of the provisions of this
Subscription Agreement and the consummation of the transactions contemplated herein does not and will not (i) 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 the Company's subsidiaries pursuant to the terms
of any indenture, mortgage, deed of trust, loan agreement, lease, license or other agreement or instrument to which the Company or the
Company's subsidiaries, as applicable, is a party or by which the Company or the Company's subsidiaries, as applicable, is bound or to
which any of the property or assets of the Company or the Company's subsidiaries, as applicable, is subject that is or would reasonably
be expected to have, individually or in the aggregate with all other facts, events, circumstances,
changes, conditions, occurrences and effects , a material adverse effect on the business, properties, assets, liabilities, condition
(financial or otherwise), results of operations or prospects of the Company and its subsidiaries, in each case taken as a whole, or on
the ability of the Company to consummate the transactions contemplated under this Subscription Agreement (a "**Material Adverse Effect** "), or to materially affect the validity of the Subscribed Shares or the legal authority of
the Company to comply in all material respects with the terms of this Subscription Agreement; (ii) result in any violation of the
provisions of the organizational or constituent documents of the Company or the Company's subsidiaries, as applicable; 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 the Company's subsidiaries, as applicable, or any of their respective properties that
would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect or materially affect the validity of
the Subscribed Shares or the legal authority of the Company to comply in all material respects with the terms of this Subscription Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Company is not in default or violation (and no event has occurred which, with notice or the lapse
of time or both, would constitute a default or violation) of any term, condition or provision of (i) the organizational documents
of the Company, (ii) any loan or credit agreement, guarantee, note, bond, mortgage, indenture, lease or other agreement, permit,
franchise or license to which, as of the date of this Subscription Agreement, the Company is a party or by which properties or assets
of the Company are bound or (iii) any statute or any judgment, order, rule or regulation of any court or governmental agency,
taxing authority or regulatory body, domestic or foreign, having jurisdiction over the Company or any of their properties, as applicable,
except for defaults or violations that have not had and would not reasonably be expected to have, individually or in the aggregate, a
Material Adverse Effect, or those that the Investor has been made aware of and waived Company liability for as outlined in this Subscription
Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) As of their respective dates, or, if amended, as of the date of such amendment, which shall be deemed
to supersede such original filing, all forms, reports, statements, schedules, prospectuses, proxies, registration statements and other
documents, if any (the "**SEC Reports**") filed by the Company with the U.S. Securities and Exchange Commission (the "**SEC** ")
on or prior to the Closing Date complied in all material respects with the applicable requirements of the Securities Act of 1933, as amended
(the "**Securities Act**") and the Securities Exchange Act of 1934, as amended (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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Assuming the accuracy of the Investor's representations and warranties set forth in this Subscription
Agreement, 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 Subscribed Shares) and the consummation of the transactions contemplated herein other than (i) filings with the
SEC, (ii) filings required by applicable securities laws, (iii) filings required in accordance with this Subscription Agreement,
(iv) filings required by the Nasdaq Stock Exchange ()"**Nasdaq** "), including with respect to obtaining approval of the
Company's shareholders, if applicable, and (v) filings that the failure of which to obtain would not be reasonably be expected to
have, individually or in the aggregate, a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) All issued and outstanding ordinary shares of the Company have been duly authorized and validly issued,
are fully paid and are non-assessable, free and clear of all liens or other restrictions (other than those arising under applicable securities
laws) and are not subject to preemptive or other similar rights. Except as set forth above, the agreements and arrangements referred to
therein or in the SEC Reports, as of the date hereof, there are no outstanding options, warrants or other rights to subscribe for, purchase
or acquire from the Company any ordinary shares or other equity interests in the Company, or securities convertible into or exchangeable
or exercisable for such equity interests. There are no shareholder agreements, voting trusts or other agreements or understandings to
which the Company is a party or by which it is bound other than as set forth in the SEC Reports.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) As of the date hereof, the issued and outstanding ordinary shares of the Company are registered pursuant
to Section 12(b) of the Exchange Act and are listed for trading on Nasdaq under the symbol "**SHMD**."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Assuming the accuracy of the Investor's representations and warranties set forth in this Subscription
Agreement, no registration under the Securities Act is required for the offer and sale of the Subscribed Shares hereunder. The Subscribed
Shares (i) were not offered by any form of general solicitation or general advertising (as those terms are used in Regulation D under
the Securities Act) 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 or in a manner that would otherwise 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 Subscribed
Shares under the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) The Company and its respective subsidiaries have not taken any steps to seek protection pursuant to any
law or statute relating to bankruptcy, insolvency, reorganization, receivership, liquidation, administration or winding up or failed to
pay its debts when due, nor does the Company or any of its subsidiaries have any knowledge or reason to believe that any of their respective
creditors intend to initiate involuntary bankruptcy proceedings or seek to commence an administration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) There has been no action taken by the Company against any officer, director, equityholder, manager, employee,
agent or representative of the Company, in each case, acting on behalf of the Company (as applicable), in violation of any applicable
Anti-Corruption Laws (as herein defined), (i) none of the Company and its respective officers, directors, equityholders, managers,
employees, agents and representatives has been convicted of violating any Anti-Corruption Laws or subjected to any investigation by a
governmental authority for violation of any applicable Anti-Corruption Laws, (ii) the Company has not conducted or initiated any
internal investigation or made a voluntary, directed, or involuntary disclosure to any governmental authority regarding any alleged act
or omission arising under or relating to any noncompliance with any Anti-Corruption Laws and (iii) the Company has not received any
written notice or citation from a governmental authority for any actual or potential noncompliance with any applicable Anti-Corruption
Laws. As used herein, "**Anti-Corruption Laws**" means any applicable laws relating to corruption and bribery, including
the U.S. Foreign Corrupt Practices Act of 1977 (as amended), the UK Bribery Act 2010, and any similar law that prohibits bribery or corruption.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Neither the Company nor any of its directors is (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) owned, directly or indirectly, or controlled by, or acting on behalf of,
one or more persons that are named on the OFAC List; (iii) organized, incorporated, established, located, resident or born in, or
a citizen, national or the government, including any political subdivision, agency or instrumentality thereof, of, Cuba, Iran, North
Korea, Syria, the Crimea region of Ukraine, the "Donetsk People's Republic", the "Luhansk People's Republic"
or any other country or territory embargoed or subject to substantial trade restrictions by the United States; (iv) a Designated
National as defined in the Cuban Assets Control Regulations, 31 C.F.R. Part 515; or (v) a non-U.S. shell bank or providing banking
services indirectly to a non-U.S. shell bank. The Company agrees to provide law enforcement agencies, if requested thereby, such records
as required by applicable law, provided that the Company is permitted to do so under applicable law. To the extent required, it maintains
policies and procedures reasonably designed to ensure compliance with OFAC-administered sanctions programs, including for the screening
of its investors against the OFAC sanctions programs, including the OFAC List.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) The Company is not, and immediately after issuance of the Subscribed Shares will not be, an "investment
company" within the meaning of the Investment Company Act of 1940, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) 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 Investor could become liable. The Company is not aware
of any person that has been or will be paid (directly or indirectly) remuneration for solicitation of purchasers in connection with the
sale of any Subscribed Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) All material information about the financial position of the Company and its subsidiaries as of the date
of this Subscription Agreement and the Closing Date has been provided to the Investor and fairly represents the true, accurate, complete
and up to date financial position of the Company and its subsidiaries.

3. **Investor Representations and Warranties** 

The Investor represents and warrants to the Company that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Investor (i) is acquiring the Subscribed Shares only for his, her or its own account and not
for the account of others, and (ii) is not acquiring the Subscribed Shares with a view to, or for offer or sale in connection with,
any distribution thereof in violation of the Securities Act or any securities laws of the United States or any other jurisdiction. The
Investor further acknowledges that it is aware that the sale to it is being made in reliance on a private placement exemption from registration
under the Securities Act and is acquiring the Subscribed Shares for its own account or for an account over which it exercises sole discretion
for another qualified institutional buyer or accredited investor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Investor acknowledges that the Subscribed Shares are being offered in a transaction not involving
any public offering within the meaning of the Securities Act and that the Subscribed Shares have not been and will not immediately be
registered under the Securities Act or any other applicable securities laws, and thus will not be immediately available for trading on
Nasdaq or any other stock exchange. The Investor acknowledges and agrees that the Subscribed Shares are being offered for resale in transactions
not requiring registration under the Securities Act, and unless so registered, may not be offered, resold, transferred, pledged or otherwise
disposed of by the Investor absent an effective registration statement under the Securities Act 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. The Investor acknowledges that the Subscribed Shares will be subject to transfer restrictions under applicable securities
laws and, as a result of these transfer restrictions, the Investor may not be able to readily offer, resell, transfer, pledge or otherwise
dispose of the Subscribed Shares and may be required to bear the financial risk of an investment in the Shares for an indefinite period
of time. The Investor acknowledges that the Subscribed Shares will not be eligible for offer, resale, transfer, pledge or disposition
pursuant to Rule 144 promulgated under the Securities Act until at least one year from the Closing Date. The Investor acknowledges
and agrees that it has been advised to consult legal counsel and tax and accounting advisors prior to making any offer, resale, transfer,
pledge or disposition of any of the Subscribed Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Investor acknowledges and agrees that the Investor is purchasing the Subscribed Shares from the Company.
The Investor further acknowledges that there have been no representations or warranties on which the Investor may rely on in purchasing
the Subscribed Shares made to the Investor by or on behalf of the Company or any of their respective affiliates or any control persons,
officers, directors, employees, partners, agents or representatives of any of the foregoing or any other person or entity, expressly or
by implication, other than those representations or warranties, of the Company expressly set forth in this Subscription Agreement. The
Investor understands that, save as otherwise set forth in the Registration Statement (as defined below) or any SEC Report, certain financial
information (whether historical or in the form of financial forecasts or projections) of the Company has been prepared and reviewed solely
by the Company and its respective officers, directors and employees, as applicable, and have not been reviewed by any outside party or
certified or audited by an independent third-party auditor or audit firm.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Investor acknowledges and agrees that the Investor has received such information as the Investor deems
necessary in order to make an investment decision with respect to the Subscribed Shares, including with respect to the business of the
Company and its direct and indirect subsidiaries. Without limiting the generality of the foregoing, the Investor acknowledges that he,
she or it has reviewed, the SEC Reports and other information as the Investor have deemed necessary to make an investment decision with
respect to the Subscribed Shares. However, neither any such inquiries, nor any due diligence investigation conducted by the Investor or
any of the Investor's professional advisors nor anything else contained herein, shall modify, limit, or otherwise affect the Investor's
right to rely on each of the representations and warranties of the Company contained in this Subscription Agreement. The Investor acknowledges
and agrees that the Investor and the Investor's professional advisor(s), if any, have had the opportunity to ask such questions, receive
such answers and obtain such information from the Company as the Investor and such Investor's professional advisor(s), if any, have deemed
necessary to make an investment decision with respect to the Subscribed Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Investor acknowledges that it is aware that there are substantial risks incident to the purchase and
ownership of the Subscribed Shares, including those set forth in the SEC Reports. The Investor 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 Subscribed Shares, and the Investor has
sought such accounting, legal and tax advice as the Investor has considered necessary to make an informed investment decision. The Investor
acknowledges that, except for representations and warranties of the Company set forth in this Subscription Agreement, the Company has
not provided any tax or financial advice or any other representation or guarantee regarding the tax or financial consequences of the transactions
contemplated by this Subscription Agreement or the Transaction. The Investor is able to sustain a complete loss on its investment in the
Subscribed Shares; and has no reason to anticipate any change in circumstances, financial or otherwise, which may cause or require any
sale or distribution of all or any part of the Subscribed Shares in violation of applicable securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Alone, or together with any professional advisor(s), the Investor has adequately analyzed and considered
the risks of an investment in the Subscribed Shares and, assuming the accuracy of representations and warranties set forth in this Subscription
Agreement, determined that the Subscribed Shares are a suitable investment for the Investor and that the Investor is able at this time
and in the foreseeable future to bear the economic risk of a total loss of the Investor's investment in the Company. The Investor acknowledges
specifically that a possibility of total loss exists.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) In making its decision to purchase the Subscribed Shares, the Investor has relied solely upon independent
investigation made by the Investor and the representations and warranties expressly set forth in this Subscription Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The Investor acknowledges that it has such knowledge and experience in financial and business matters
as to be capable of evaluating the merits and risks of its prospective investment in the Subscribed Shares and has the ability to bear
the economic risks of its prospective investment and can afford the complete loss of such investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Investor acknowledges and agrees that no U.S. federal or state agency has passed upon or endorsed
the merits of the offering of the Subscribed Shares or made any findings or determination as to the fairness of this investment.

Nothing herein is intended to limit the Investor's ability, subject to compliance with applicable securities laws, to trade in securities of issuers who may be in the same, or a similar, sector as the Company.

4. **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, with the mutual written agreement of each of the parties hereto to terminate this Subscription Agreement; provided that nothing herein will relieve any party from liability for any material breach hereof prior to the time of termination, and each party will be entitled to any remedies at law or in equity to recover losses, liabilities or damages arising from any such material breach.

5. **Miscellaneous** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Neither this Subscription Agreement nor any rights that may accrue to the parties hereunder (other than
the Subscribed Shares, if any) may be transferred or assigned without the prior written consent of each of the other parties hereto; provided
that, upon written notice to the Company, (i) this Subscription Agreement and any of the Investor's rights and obligations hereunder
may be assigned to an affiliate or any fund or account advised or managed by the Investor or the same investment manager or investment
advisor as the Investor or by an affiliate (as defined in Rule 12b-2 of the Exchange Act) of such investment manager or investment
advisor without the prior consent of the other parties hereto and (ii) the Investor's rights under this Agreement may be assigned
to an assignee or transferee of the Subscribed Shares; provided, further, that prior to such assignment any such assignee shall agree
in writing to be bound by the terms hereof; provided, that no such assignment shall relieve the Investor of its obligations hereunder
if any such assignee fails to perform such obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company may request from the Investor such additional information the Company may reasonably deem
necessary to register the resale of the Subscribed Shares and evaluate the eligibility of the Investor to acquire the Subscribed Shares,
and the Investor shall as promptly as reasonably practicable provide such information as may reasonably be requested to the extent readily
available and to the extent consistent with the Investor's internal policies and procedures; provided that the Company agrees to keep
any such information provided by the Investor confidential except (i) as required by applicable federal securities laws or pursuant
to a request by competent regulatory authorities or (ii) to the extent such disclosure is required by law, at the request of the
staff of the SEC or regulatory agency or under the applicable regulations of any national securities exchange on which the Company's securities
are listed for trading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Investor acknowledges that the Company will rely on the acknowledgments, understandings, agreements,
representations and warranties contained in this Subscription Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company is entitled to rely upon this Subscription Agreement and each 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; provided, however, that the foregoing clause of this Section 5(d) shall not give
the Company any rights other than those expressly set forth herein. The Investor is 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; provided, however, that the foregoing clause of this
Section 5(d) shall not give the Investor any rights other than those expressly set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) All of the agreements, representations and warranties made by each party hereto in this Subscription Agreement
shall survive the Closing Date until the expiry of the applicable statute of limitations. For the avoidance of doubt, unless this Agreement
has been terminated prior to Closing Date, all representations, warranties, covenants and agreements of the parties hereunder shall survive
the consummation of the Transaction and remain in full force and effect until the expiry of the applicable statute of limitations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) This Subscription Agreement may not be amended, modified, waived or terminated (other than pursuant to
the terms of Section 4 above) except by an instrument in writing, signed by each of the parties hereto. No failure or delay of any
party in exercising any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such
right or power, or any abandonment or discontinuance of steps to enforce such right or power, or any course of conduct, preclude any other
or further exercise thereof or the exercise of any other right or power. The rights and remedies of the parties hereunder are cumulative
and are not exclusive of any rights or remedies that they would otherwise have hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) This Subscription Agreement (including the schedule hereto) 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Except as otherwise expressly provided herein, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If any provision of this Subscription Agreement shall be adjudicated by a court of competent jurisdiction
to 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) 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. Counterparts
may be delivered via facsimile, electronic mail (including any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform
Electronic Transactions Act, the Electronic Signatures and Records Act or other applicable law, e.g., www.docusign.com) or other transmission
method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) The parties hereto acknowledge and 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 seek an injunction or injunctions to prevent breaches of this Subscription
Agreement, without posting a bond or undertaking and without proof of damages, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) This Subscription Agreement shall be governed by and construed in accordance with the laws of the Germany
(regardless of the laws that might otherwise govern under applicable principles of conflicts of laws thereof) as to all matters (including
any action, suit, litigation, arbitration, mediation, claim, charge, complaint, inquiry, proceeding, hearing, audit, investigation or
reviews by or before any governmental entity related hereto), including matters of validity, construction, effect, performance and remedies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Each party hereto hereby, and any person asserting rights as a third-party beneficiary may do so only
if it, irrevocably agrees that any action, suit or proceeding between or among the parties hereto, whether arising in contract, tort or
otherwise, arising in connection with any disagreement, dispute, controversy or claim arising out of or relating to this Subscription
Agreement or any related document or any of the transactions contemplated hereby or thereby ()"**Legal Dispute**") shall be
brought only to the exclusive jurisdiction of the courts of Stuttgart, Germany, and each party hereto hereby consents to the jurisdiction
of such courts (and of the appropriate appellate courts therefrom) in any such suit, action or proceeding and irrevocably waives, to the
fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or
proceeding in any such court or that any such suit, action or proceeding that is brought in any such court has been brought in an inconvenient
forum. During the period a Legal Dispute that is filed in accordance with this Section 5(m) is pending before a court, all actions,
suits or proceedings with respect to such Legal Dispute or any other Legal Dispute, including any counterclaim, cross-claim or interpleader,
shall be subject to the exclusive jurisdiction of such court. Each party hereto and any person asserting rights as a third-party beneficiary
may do so only if it hereby waives, and shall not assert as a defense in any Legal Dispute, that (a) such party is not personally
subject to the jurisdiction of the above named courts for any reason, (b) such action, suit or proceeding may not be brought or is
not maintainable in such court, (c) such party's property is exempt or immune from execution, (d) such action, suit or proceeding
is brought in an inconvenient forum, or (e) the venue of such action, suit or proceeding is improper. A final judgment in any action,
suit or proceeding described in this Section 5(m) following the expiration of any period permitted for appeal and subject to
any stay during appeal shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided
by applicable laws. EACH OF THE PARTIES HERETO AND ANY PERSON ASSERTING RIGHTS AS A THIRD-PARTY BENEFICIARY MAY DO SO ONLY IF IT
IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT TO TRIAL BY JURY ON ANY CLAIMS OR COUNTERCLAIMS ASSERTED IN ANY LEGAL DISPUTE RELATING
TO THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY AND FOR ANY COUNTERCLAIM RELATING THERETO. IF THE SUBJECT MATTER
OF ANY SUCH LEGAL DISPUTE IS ONE IN WHICH THE WAIVER OF JURY TRIAL IS PROHIBITED, NO PARTY HERETO NOR ANY PERSON ASSERTING RIGHTS AS A
THIRD-PARTY BENEFICIARY SHALL ASSERT IN SUCH LEGAL DISPUTE A NONCOMPULSORY COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS SUBSCRIPTION
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. FURTHERMORE, NO PARTY HERETO NOR ANY PERSON ASSERTING RIGHTS AS A THIRD-PARTY BENEFICIARY
SHALL SEEK TO CONSOLIDATE ANY SUCH LEGAL DISPUTE WITH A SEPARATE ACTION OR OTHER LEGAL PROCEEDING IN WHICH A JURY TRIAL CANNOT BE WAIVED.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) Any notice or communication required or permitted hereunder to be given to a party hereto shall be in
writing and either delivered personally, emailed or sent by overnight mail via a reputable overnight carrier to such address(es) or email
address(es) set forth on the signature page hereto, and shall be deemed to be given and received (i) when so delivered personally,
or (ii) when sent, with no mail undeliverable or other rejection notice, if sent by email.

6. **Disclosure** 

The Company shall issue one or more press releases or file with the SEC a Current Report on Form 6-K (collectively, the "**Disclosure Document**") disclosing all material terms of the transactions contemplated hereby and any other material, nonpublic information that the Company has provided to the Investor at any time prior to the filing of the Disclosure Document.

[*SIGNATURE PAGES FOLLOW*]

**IN WITNESS WHEREOF**, the Investor has executed or caused this Subscription Agreement to be executed by its duly authorized representative as of the date set forth below.

24 April 2026

**Christine Schmid**

---

| | |
|:---|:---|
| By: | /s/ Christine Schmid |

---

**IN WITNESS WHEREOF**, the Company has accepted this Subscription Agreement as of the date set forth below.

24 April 2026

---

| | |
|:---|:---|
| **SCHMID Group N.V.** | **SCHMID Group N.V.** |
| By: | /s/ Arthur Schuetz |
| Name: | Arthur Schuetz |
| Title: | CFO SCHMID Group N.V. |

---

## Exhibit 10.4

**Exhibit 10.4**

**SUBSCRIPTION AGREEMENT**

SCHMID Group N.V.

Robert-Bosch-Str. 32-36,<br> 72250 Freudenstadt

Germany

Ladies and Gentlemen:

This subscription agreement (the "**Subscription Agreement**") is being entered into by and between SCHMID Group N.V. (the "**Company**"), a Dutch public limited liability company (*naamloze vennootschap*), and Schmid Grundstücke GmbH & Co KG (the "**Investor**"), for ordinary shares in the share capital of the Company ("**Shares**").

The Investor has claims against the Company of EUR 6,500,000 (the "**Outstanding Claims**"). In connection with this outstanding debt, the Company will issue Shares (the "**Subscribed Shares**") of the Company against set-off of the Outstanding Claims, subject to the terms and conditions of this Subscription Agreement. The closing of the transaction by issuance of the Subscribed Shares to an account of the Investor at the Company's share transfer agent Continental Stock Transfer & Trust Company ("**Continental**") (the "**Closing**") will be performed as soon as possible after the approval of the share issuance by the Company's shareholders in a shareholder meeting contemplated to be held on May 20, 2026 (the date on which the Closing occurs, the "**Closing Date**") with the Company informing the Investor through a written share issuance notice (which can be by e-mail) once the Company's board of directors has approved the issuance of the Subscribed Shares (the "**Share Issuance Notice**").

The exact number of issued shares shall be calculated by dividing the Outstanding Claims by the Average VWAP.

"**Average VWAP**" means 100% of the arithmetic average of the Daily VWAPs for the five (5) Trading Days immediately preceding the date of the Share Issuance Notice.

"**Daily VWAP**" means the per share volume-weighted average price as displayed under the heading "Bloomberg VWAP" on Bloomberg page "SHMD AQR" (or its equivalent successor if such page is not available) in respect of the period from the scheduled open of trading until the scheduled close of trading of the primary trading session on such Trading Day (or if such volume- weighted average price is unavailable, the market value of one share of the Common Stock on such Trading Day determined, using a volume-weighted average method, by a nationally recognized independent investment banking firm retained for this purpose by the Company). The "Daily VWAP" shall be determined without regard to after-hours trading or any other trading outside of the regular trading session trading hours.

In connection therewith, and in consideration of the foregoing and the mutual representations, and subject to the conditions, set forth herein, and intending to be legally bound hereby, the Investor and the Company hereby agrees as follows:

1. Issuance and Transfer

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Investor hereby irrevocably agrees to subscribe for and purchase from the Company, and the Company
hereby irrevocably agrees to issue and sell to the Investor, the Subscribed Shares on the terms and subject to the conditions provided
for herein through a set-off of the Outstanding Claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) On the Closing Date, the Company shall issue to the Investor, and the Investor shall subscribe for, the
Subscribed Shares in compliance with the laws of the Netherlands, including but not limited to issuance through Dutch notarial deeds (the
 "**Share Issuance** "), and the Company shall procure that the Investor's ownership over the Subscribed Shares is registered
with Continental.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Upon completion of the Share Issuance and upon the Investor becoming the sole legal and beneficial owner
of the Subscribed Shares as evidenced by an updated entry in the share registry of the Company at Continental, the obligation of the Company
to repay the Outstanding Claims shall be deemed to have been fully and irrevocably discharged.

2. Company Representations and Warranties

The Company, with respect to the representations and warranties set forth below relating to the Company, represents and warrants to the Investor that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company is a public limited liability company (*naamloze vennootschap*) under the laws of the
Netherlands.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) As of the Closing Date, the Subscribed Shares will be duly authorized and, when issued and delivered to
the Investor in accordance with the terms of this Subscription Agreement, the Subscribed Shares will be validly issued, fully paid and
non-assessable (which, under Dutch law, is interpreted to mean that a holder of a Share shall not by reason of merely being such a holder
be subject to assessment or calls by the Company or its creditors for further payment on such Share) free and clear of any liens, encumbrances
or other restrictions (other than those arising under applicable securities laws), and will not have been issued in violation of or subject
to any preemptive or similar rights created under the Company's articles of association (*statuten*) as in effect at such time of
issuance and as they will read by contract or under the laws of the Netherlands.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) This Subscription Agreement has been duly authorized, executed and delivered by the Company and, assuming
that this Subscription Agreement constitutes the legal, valid and binding agreement of the Investor, this Subscription Agreement constitutes
the legal, valid and binding agreement of 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, or (ii) principles of equity, whether considered at law or equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The execution and delivery of, and the performance of the transactions contemplated hereby, including
the issuance and sale of the Subscribed Shares and the compliance by the Company with all of the provisions of this Subscription Agreement
and the consummation of the transactions contemplated herein does not and will not (i) 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 the Company's subsidiaries pursuant to the terms of any indenture, mortgage, deed
of trust, loan agreement, lease, license or other agreement or instrument to which the Company or the Company's subsidiaries, as applicable,
is a party or by which the Company or the Company's subsidiaries, as applicable, is bound or to which any of the property or assets of
the Company or the Company's subsidiaries, as applicable, is subject that is or would reasonably be expected to have, individually or
in the aggregate with all other facts, events, circumstances,
changes, conditions, occurrences and effects , a material adverse effect on the business, properties, assets, liabilities, condition
(financial or otherwise), results of operations or prospects of the Company and its subsidiaries, in each case taken as a whole, or on
the ability of the Company to consummate the transactions
contemplated under this Subscription Agreement (a "**Material Adverse Effect** "), or to materially affect the validity
of the Subscribed Shares or the legal authority of the Company to comply in all material respects with the terms of this Subscription
Agreement; (ii) result in any violation of the provisions of the organizational or constituent documents of the Company or the Company's
subsidiaries, as applicable; 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 the Company's subsidiaries, as applicable, or
any of their respective properties that would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect
or materially affect the validity of the Subscribed Shares or the legal authority of the Company to comply in all material respects with
the terms of this Subscription Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Company is not in default or violation (and no event has occurred which, with notice or the lapse
of time or both, would constitute a default or violation) of any term, condition or provision of (i) the organizational documents of the
Company, (ii) any loan or credit agreement, guarantee, note, bond, mortgage, indenture, lease or other agreement, permit, franchise or
license to which, as of the date of this Subscription Agreement, the Company is a party or by which properties or assets of the Company
are bound or (iii) any statute or any judgment, order, rule or regulation of any court or governmental agency, taxing authority or regulatory
body, domestic or foreign, having jurisdiction over the Company or any of their properties, as applicable, except for defaults or violations
that have not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, or those
that the Investor has been made aware of and waived Company liability for as outlined in this Subscription Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) As of their respective dates, or, if amended, as of the date of such amendment, which shall be deemed
to supersede such original filing, all forms, reports, statements, schedules, prospectuses, proxies, registration statements and other
documents, if any (the "**SEC Reports**") filed by the Company with the U.S. Securities and Exchange Commission (the "**SEC** ")
on or prior to the Closing Date complied in all material respects with the applicable requirements of the Securities Act of 1933, as amended
(the "**Securities Act**") and the Securities Exchange Act of 1934, as amended (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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Assuming the accuracy of the Investor's representations and warranties set forth in this Subscription
Agreement, 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 Subscribed Shares) and the consummation of the transactions contemplated herein other than (i) filings with the SEC,
(ii) filings required by applicable securities laws, (iii) filings required in accordance with this Subscription Agreement, (iv) filings
required by the Nasdaq Stock Exchange ()"**Nasdaq** "), including with respect to obtaining approval of the Company's shareholders,
if applicable, and (v) filings that the failure of which to obtain would not be reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) All issued and outstanding ordinary shares of the Company have been duly authorized and validly issued,
are fully paid and are non-assessable, free and clear of all liens or other restrictions (other than those arising under applicable securities
laws) and are not subject to preemptive or other similar rights. Except as set forth above, the agreements and arrangements referred to
therein or in the SEC Reports, as of the date hereof, there are no outstanding options, warrants or other rights to subscribe for, purchase
or acquire from the Company any ordinary shares or other equity interests in the Company, or securities convertible into or exchangeable
or exercisable for such equity interests. There are no shareholder agreements, voting trusts or other agreements or understandings to
which the Company is a party or by which it is bound other than as set forth in the SEC Reports.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) As of the date hereof, the issued and outstanding ordinary shares of the Company are registered pursuant
to Section 12(b) of the Exchange Act and are listed for trading on Nasdaq under the symbol "**SHMD**."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Assuming the accuracy of the Investor's representations and warranties set forth in this Subscription
Agreement, no registration under the Securities Act is required for the offer and sale of the Subscribed Shares hereunder. The Subscribed
Shares (i) were not offered by any form of general solicitation or general advertising (as those terms are used in Regulation D under
the Securities Act) 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 or in a manner that would otherwise 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 Subscribed Shares under the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) The Company and its respective subsidiaries have not taken any steps to seek protection pursuant to any
law or statute relating to bankruptcy, insolvency, reorganization, receivership, liquidation, administration or winding up or failed to
pay its debts when due, nor does the Company or any of its subsidiaries have any knowledge or reason to believe that any of their respective
creditors intend to initiate involuntary bankruptcy proceedings or seek to commence an administration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) There has been no action taken by the Company against any officer, director, equityholder, manager, employee,
agent or representative of the Company, in each case, acting on behalf of the Company (as applicable), in violation of any applicable
Anti-Corruption Laws (as herein defined), (i) none of the Company and its respective officers, directors, equityholders, managers, employees,
agents and representatives has been convicted of violating any Anti-Corruption Laws or subjected to any investigation by a governmental
authority for violation of any applicable Anti-Corruption Laws, (ii) the Company has not conducted or initiated any internal investigation
or made a voluntary, directed, or involuntary disclosure to any governmental authority regarding any alleged act or omission arising under
or relating to any noncompliance with any Anti-Corruption Laws and (iii) the Company has not received any written notice or citation from
a governmental authority for any actual or potential noncompliance with any applicable Anti-Corruption Laws. As used herein, "**Anti-Corruption Laws**" means any applicable laws relating to corruption and bribery, including the U.S. Foreign Corrupt Practices Act of 1977
(as amended), the UK Bribery Act 2010, and any similar law that prohibits bribery or corruption.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Neither the Company nor any of its directors is (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) owned, directly or indirectly, or controlled by, or acting on behalf of, one
or more persons that are named on the OFAC List; (iii) organized, incorporated, established, located, resident or born in, or a citizen,
national or the government, including any political subdivision, agency or instrumentality thereof, of, Cuba, Iran, North Korea, Syria,
the Crimea region of Ukraine, the "Donetsk People's Republic", the "Luhansk People's Republic" or
any other country or territory embargoed or subject to substantial trade restrictions by the United States; (iv) a Designated National
as defined in the Cuban Assets Control Regulations, 31 C.F.R. Part 515; or (v) a non-U.S. shell bank or providing banking services indirectly
to a non-U.S. shell bank. The Company agrees to provide law enforcement agencies, if requested thereby, such records as required by applicable
law, provided that the Company is permitted to do so under applicable law. To the extent required, it maintains policies and procedures
reasonably designed to ensure compliance with OFAC-administered sanctions programs, including for the screening of its investors against
the OFAC sanctions programs, including the OFAC List.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) The Company is not, and immediately after issuance of the Subscribed Shares will not be, an "investment
company" within the meaning of the Investment Company Act of 1940, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) 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 Investor could become liable. The Company is not aware
of any person that has been or will be paid (directly or indirectly) remuneration for solicitation of purchasers in connection with the
sale of any Subscribed Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) All material information about the financial position of the Company and its subsidiaries as of the date
of this Subscription Agreement and the Closing Date has been provided to the Investor and fairly represents the true, accurate, complete
and up to date financial position of the Company and its subsidiaries.

3. Investor Representations and Warranties

The Investor represents and warrants to the Company that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Investor (i) is acquiring the Subscribed Shares only for his, her or its own account and not for the
account of others, and (ii) is not acquiring the Subscribed Shares with a view to, or for offer or sale in connection with, any distribution
thereof in violation of the Securities Act or any securities laws of the United States or any other jurisdiction. The Investor further
acknowledges that it is aware that the sale to it is being made in reliance on a private placement exemption from registration under the
Securities Act and is acquiring the Subscribed Shares for its own account or for an account over which it exercises sole discretion for
another qualified institutional buyer or accredited investor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Investor acknowledges that the Subscribed Shares are being offered in a transaction not involving
any public offering within the meaning of the Securities Act and that the Subscribed Shares have not been and will not immediately be
registered under the Securities Act or any other applicable securities laws, and thus will not be immediately available for trading on
Nasdaq or any other stock exchange. The Investor acknowledges and agrees that the Subscribed Shares are being offered for resale in transactions
not requiring registration under the Securities Act, and unless so registered, may not be offered, resold, transferred, pledged or otherwise
disposed of by the Investor absent an effective registration statement under the Securities Act 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. The Investor acknowledges that the Subscribed Shares will be subject to transfer restrictions under applicable securities
laws and, as a result of these transfer restrictions, the Investor may not be able to readily offer, resell, transfer, pledge or otherwise
dispose of the Subscribed Shares and may be required to bear the financial risk of an investment in the Shares for an indefinite period
of time. The Investor acknowledges that the Subscribed Shares will not be eligible for offer, resale, transfer, pledge or disposition
pursuant to Rule 144 promulgated under the Securities Act until at least one year from the Closing Date. The Investor acknowledges and
agrees that it has been advised to consult legal counsel and tax and accounting advisors prior to making any offer, resale, transfer,
pledge or disposition of any of the Subscribed Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Investor acknowledges and agrees that the Investor is purchasing the Subscribed Shares from the Company.
The Investor further acknowledges that there have been no representations or warranties on which the Investor may rely on in purchasing
the Subscribed Shares made to the Investor by or on behalf of the Company or any of their respective affiliates or any control persons,
officers, directors, employees, partners, agents or representatives of any of the foregoing or any other person or entity, expressly or
by implication, other than those representations or warranties, of the Company expressly set forth in this Subscription Agreement. The
Investor understands that, save as otherwise set forth in the Registration Statement (as defined below) or any SEC Report, certain financial
information (whether historical or in the form of financial forecasts or projections) of the Company has been prepared and reviewed solely
by the Company and its respective officers, directors and employees, as applicable, and have not been reviewed by any outside party or
certified or audited by an independent third-party auditor or audit firm.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Investor acknowledges and agrees that the Investor has received such information as the Investor deems
necessary in order to make an investment decision with respect to the Subscribed Shares, including with respect to the business of the
Company and its direct and indirect subsidiaries. Without limiting the generality of the foregoing, the Investor acknowledges that he,
she or it has reviewed, the SEC Reports and other information as the Investor have deemed necessary to make an investment decision with
respect to the Subscribed Shares. However, neither any such inquiries, nor any due diligence investigation conducted by the Investor or
any of the Investor's professional advisors nor anything else contained herein, shall modify, limit, or otherwise affect the Investor's
right to rely on each of the representations and warranties of the Company contained in this Subscription Agreement. The Investor acknowledges
and agrees that the Investor and the Investor's professional advisor(s), if any, have had the opportunity to ask such questions, receive
such answers and obtain such information from the Company as the Investor and such Investor's professional advisor(s), if any, have deemed
necessary to make an investment decision with respect to the Subscribed Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Investor acknowledges that it is aware that there are substantial risks incident to the purchase and
ownership of the Subscribed Shares, including those set forth in the SEC Reports. The Investor 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 Subscribed Shares, and the Investor has
sought such accounting, legal and tax advice as the Investor has considered necessary to make an informed investment decision. The Investor
acknowledges that, except for representations and warranties of the Company set forth in this Subscription Agreement, the Company has
not provided any tax or financial advice or any other representation or guarantee regarding the tax or financial consequences of the transactions
contemplated by this Subscription Agreement or the Transaction. The Investor is able to sustain a complete loss on its investment in the
Subscribed Shares; and has no reason to anticipate any change in circumstances, financial or otherwise, which may cause or require any
sale or distribution of all or any part of the Subscribed Shares in violation of applicable securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Alone, or together with any professional advisor(s), the Investor has adequately analyzed and considered
the risks of an investment in the Subscribed Shares and, assuming the accuracy of representations and warranties set forth in this Subscription
Agreement, determined that the Subscribed Shares are a suitable investment for the Investor and that the Investor is able at this time
and in the foreseeable future to bear the economic risk of a total loss of the Investor's investment in the Company. The Investor acknowledges
specifically that a possibility of total loss exists.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) In making its decision to purchase the Subscribed Shares, the Investor has relied solely upon independent
investigation made by the Investor and the representations and warranties expressly set forth in this Subscription Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The Investor acknowledges that it has such knowledge and experience in financial and business matters
as to be capable of evaluating the merits and risks of its prospective investment in the Subscribed Shares and has the ability to bear
the economic risks of its prospective investment and can afford the complete loss of such investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Investor acknowledges and agrees that no U.S. federal or state agency has passed upon or endorsed
the merits of the offering of the Subscribed Shares or made any findings or determination as to the fairness of this investment.

Nothing herein is intended to limit the Investor's ability, subject to compliance with applicable securities laws, to trade in securities of issuers who may be in the same, or a similar, sector as the Company.

4. 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, with the mutual written agreement of each of the parties hereto to terminate this Subscription Agreement; provided that nothing herein will relieve any party from liability for any material breach hereof prior to the time of termination, and each party will be entitled to any remedies at law or in equity to recover losses, liabilities or damages arising from any such material breach.

5. Miscellaneous

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Neither this Subscription Agreement nor any rights that may accrue to the parties hereunder (other than
the Subscribed Shares, if any) may be transferred or assigned without the prior written consent of each of the other parties hereto; provided
that, upon written notice to the Company, (i) this Subscription Agreement and any of the Investor's rights and obligations hereunder may
be assigned to an affiliate or any fund or account advised or managed by the Investor or the same investment manager or investment advisor
as the Investor or by an affiliate (as defined in Rule 12b-2 of the Exchange Act) of such investment manager or investment advisor without
the prior consent of the other parties hereto and (ii) the Investor's rights under this Agreement may be assigned to an assignee or transferee
of the Subscribed Shares; provided, further, that prior to such assignment any such assignee shall agree in writing to be bound by the
terms hereof; provided, that no such assignment shall relieve the Investor of its obligations hereunder if any such assignee fails to
perform such obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company may request from the Investor such additional information the Company may reasonably deem
necessary to register the resale of the Subscribed Shares and evaluate the eligibility of the Investor to acquire the Subscribed Shares,
and the Investor shall as promptly as reasonably practicable provide such information as may reasonably be requested to the extent readily
available and to the extent consistent with the Investor's internal policies and procedures; provided that the Company agrees to keep
any such information provided by the Investor confidential except (i) as required by applicable federal securities laws or pursuant to
a request by competent regulatory authorities or (ii) to the extent such disclosure is required by law, at the request of the staff of
the SEC or regulatory agency or under the applicable regulations of any national securities exchange on which the Company's securities
are listed for trading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Investor acknowledges that the Company will rely on the acknowledgments, understandings, agreements,
representations and warranties contained in this Subscription Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company is entitled to rely upon this Subscription Agreement and each 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; provided, however, that the foregoing clause of this Section 5(d) shall not give the Company
any rights other than those expressly set forth herein. The Investor is 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; provided, however, that the foregoing clause of this Section 5(d) shall not
give the Investor any rights other than those expressly set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) All of the agreements, representations and warranties made by each party hereto in this Subscription Agreement
shall survive the Closing Date until the expiry of the applicable statute of limitations. For the avoidance of doubt, unless this Agreement
has been terminated prior to Closing Date, all representations, warranties, covenants and agreements of the parties hereunder shall survive
the consummation of the Transaction and remain in full force and effect until the expiry of the applicable statute of limitations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) This Subscription Agreement may not be amended, modified, waived or terminated (other than pursuant to
the terms of Section 4 above) except by an instrument in writing, signed by each of the parties hereto. No failure or delay of any party
in exercising any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right
or power, or any abandonment or discontinuance of steps to enforce such right or power, or any course of conduct, preclude any other or
further exercise thereof or the exercise of any other right or power. The rights and remedies of the parties hereunder are cumulative
and are not exclusive of any rights or remedies that they would otherwise have hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) This Subscription Agreement (including the schedule hereto) 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Except as otherwise expressly provided herein, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If any provision of this Subscription Agreement shall be adjudicated by a court of competent jurisdiction
to 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) 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. Counterparts
may be delivered via facsimile, electronic mail (including any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform
Electronic Transactions Act, the Electronic Signatures and Records Act or other applicable law, e.g., www.docusign.com) or other transmission
method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) The parties hereto acknowledge and 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 seek an injunction or injunctions to prevent breaches of this Subscription
Agreement, without posting a bond or undertaking and without proof of damages, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) This Subscription Agreement shall be governed by and construed in accordance with the laws of the Germany
(regardless of the laws that might otherwise govern under applicable principles of conflicts of laws thereof) as to all matters (including
any action, suit, litigation, arbitration, mediation, claim, charge, complaint, inquiry, proceeding, hearing, audit, investigation or
reviews by or before any governmental entity related hereto), including matters of validity, construction, effect, performance and remedies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Each party hereto hereby, and any person asserting rights as a third-party beneficiary may do so only
if it, irrevocably agrees that any action, suit or proceeding between or among the parties hereto, whether arising in contract, tort or
otherwise, arising in connection with any disagreement, dispute, controversy or claim arising out of or relating to this Subscription
Agreement or any related document or any of the transactions contemplated hereby or thereby ()"**Legal Dispute**") shall be
brought only to the exclusive jurisdiction of the courts of Stuttgart, Germany, and each party hereto hereby consents to the jurisdiction
of such courts (and of the appropriate appellate courts therefrom) in any such suit, action or proceeding and irrevocably waives, to the
fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or
proceeding in any such court or that any such suit, action or proceeding that is brought in any such court has been brought in an inconvenient
forum. During the period a Legal Dispute that is filed in accordance with this Section 5(m) is pending before a court, all actions, suits
or proceedings with respect to such Legal Dispute or any other Legal Dispute, including any counterclaim, cross-claim or interpleader,
shall be subject to the exclusive jurisdiction of such court. Each party hereto and any person asserting rights as a third-party beneficiary
may do so only if it hereby waives, and shall not assert as a defense in any Legal Dispute, that (a) such party is not personally subject
to the jurisdiction of the above named courts for any reason, (b) such action, suit or proceeding may not be brought or is not maintainable
in such court, (c) such party's property is exempt or immune from execution, (d) such action, suit or proceeding is brought in an inconvenient
forum, or (e) the venue of such action, suit or proceeding is improper. A final judgment in any action, suit or proceeding described in
this Section 5(m) following the expiration of any period permitted for appeal and subject to any stay during appeal shall be conclusive
and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by applicable laws. EACH OF THE PARTIES
HERETO AND ANY PERSON ASSERTING RIGHTS AS A THIRD-PARTY BENEFICIARY MAY DO SO ONLY IF IT IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT
TO TRIAL BY JURY ON ANY CLAIMS OR COUNTERCLAIMS ASSERTED IN ANY LEGAL DISPUTE RELATING TO THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY AND FOR ANY COUNTERCLAIM RELATING THERETO. IF THE SUBJECT MATTER OF ANY SUCH LEGAL DISPUTE IS ONE IN WHICH THE WAIVER
OF JURY TRIAL IS PROHIBITED, NO PARTY HERETO NOR ANY PERSON ASSERTING RIGHTS AS A THIRD-PARTY BENEFICIARY SHALL ASSERT IN SUCH LEGAL DISPUTE
A NONCOMPULSORY COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. FURTHERMORE,
NO PARTY HERETO NOR ANY PERSON ASSERTING RIGHTS AS A THIRD-PARTY BENEFICIARY SHALL SEEK TO CONSOLIDATE ANY SUCH LEGAL DISPUTE WITH A SEPARATE
ACTION OR OTHER LEGAL PROCEEDING IN WHICH A JURY TRIAL CANNOT BE WAIVED.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) Any notice or communication required or permitted hereunder to be given to a party hereto shall be in
writing and either delivered personally, emailed or sent by overnight mail via a reputable overnight carrier to such address(es) or email
address(es) set forth on the signature page hereto, and shall be deemed to be given and received (i) when so delivered personally, or
(ii) when sent, with no mail undeliverable or other rejection notice, if sent by email.

6. Disclosure

The Company shall issue one or more press releases or file with the SEC a Current Report on Form 6-K (collectively, the "**Disclosure Document**") disclosing all material terms of the transactions contemplated hereby and any other material, nonpublic information that the Company has provided to the Investor at any time prior to the filing of the Disclosure Document.

[*SIGNATURE PAGES FOLLOW*]

**IN WITNESS WHEREOF**, the Investor has executed or caused this Subscription Agreement to be executed by its duly authorized representative as of the date set forth below.

24 April 2026

**Schmid Grundstücke GmbH & Co KG**

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| | |
|:---|:---|
| By: | /s/ Anette Schmid |

---

Anette Schmid as managing director with sole power of representation of Schmid Grundstücksverwaltungs GmbH, acting as the sole general partner of Schmid Grundstücke

**IN WITNESS WHEREOF**, the Company has accepted this Subscription Agreement as of the date set forth below.

24 April 2026

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| | |
|:---|:---|
| **SCHMID Group N.V.** | **SCHMID Group N.V.** |
| By: | /s/ Arthur Schuetz |
| Name: | Arthur Schuetz |
| Title: | CFO SCHMID Group N.V. |

---

## Exhibit 10.5

**Exhibit 10.5**

**SET-OFF AGREEMENT**

This Agreement on the issuance of shares against set-off of payment obligations (the "**Agreement**") is made and entered into as of 24 April 2026 (the "**Effective Date**")

**BY AND AMONG** 

&nbsp;&nbsp;&nbsp;&nbsp;(1) SCHMID Group N.V., a Dutch public limited liability company with its registered address at Robert-Bosch-Str.
32-36, 72250 Freudenstadt, Germany ()"**SCHMID** "), and

&nbsp;&nbsp;&nbsp;&nbsp;(2) Anette Schmid ()"**AS**" and together with SCHMID, the "**Parties** "),

**RECITALS**

**WHEREAS,** certain payment obligations of Gebr. Schmid GmbH, a subsidiary of SCHMID, to AS have been assumed by SCHMID by entering into a debt assumption agreement (the "**Debt Assumption Agreement**") to consolidate all such obligations with SCHMID, so that SCHMID has become the sole debtor in respect of such obligations.

**WHEREAS,** SCHMID has thus outstanding payment obligations against AS in a total amount of EUR 13,850,000 (the "**Outstanding Claims**").

**WHEREAS,** SCHMID and AS also intend to enter into a subscription agreement on or about the date of this Agreement (the "**Subscription Agreement**"), pursuant to which SCHMID will agree to issue ordinary shares in its share capital at a share price as set out in such Subscription Agreement (the "**Subscribed Shares**") to AS.

**WHEREAS,** in order to enable the set-off of the Outstanding Claims against the subscription price of the Subscribed Shares, the Parties hereto enter into this Agreement as follows:

**1.** **Share Transfer for Discharge of the Outstanding Claims through Set-off** 

&nbsp;&nbsp;&nbsp;&nbsp;1.1. Upon the Closing (as defined in the Subscription Agreement) and the legal and successful issuance of the
Subscribed Shares by SCHMID to AS in accordance with the terms and conditions of the Subscription Agreement, SCHMID and AS agree that
all Outstanding Claims shall be fully satisfied and irrevocably discharged (the "**Share Transfer** ").

&nbsp;&nbsp;&nbsp;&nbsp;1.2. AS shall provide any required technical documentation to SCHMID that SCHMID reasonably requests, to facilitate
the issuance of the Subscribed Shares to AS though Dutch notarial deeds and the registration of the ownership of AS of the Subscribed
Shares with SCHMID Group's share transfer agent Continental Stock Transfer & Trust Company ()"**Continental** ").

&nbsp;&nbsp;&nbsp;&nbsp;1.3. Upon completion of the Share Transfer through Continental, AS shall become the sole legal and beneficial
owner of the Subscribed Shares through an entry in the share registry at Continental. AS shall not assert any further claims against SCHMID
in respect of the Outstanding Claims.

&nbsp;&nbsp;&nbsp;&nbsp;1.4. AS agrees and acknowledges that the Subscribed Shares will be issued to AS based on a private placement
exemption from applicable U.S. securities laws and will not be immediately registered under the U.S. Securities Act of 1933 and thus are
not available for trading on the Nasdaq or any other stock exchange at the time of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;1.5. The Share Transfer and set-off of the Outstanding Claims is contingent on the authorization of the issuance
of the Subscribed Shares by the shareholders meeting of SCHMID, which is contemplated to be held on May 20, 2026.

**2.** **Miscellaneous** 

&nbsp;&nbsp;&nbsp;&nbsp;2.1. This Agreement and all claims or causes of action based upon, arising out of, or related to this Agreement
or the Transaction shall be governed by and construed in accordance with the Laws of Germany without regard to the conflict of laws principles
thereof. The exclusive place of jurisdiction for all disputes under or in connection with this Agreement is Stuttgart, Germany.

&nbsp;&nbsp;&nbsp;&nbsp;2.2. This Agreement may be executed in counterparts (including by means of facsimile or scanned and emailed
signature pages), any one of which need not contain the signatures of more than one Party, but all such counterparts taken together shall
constitute one and the same agreement.

*[Signature pages follow]*

---

| | |
|:---|:---|
| **SCHMID Group N.V.** | **SCHMID Group N.V.** |
| By: | /s/ Arthur Schuetz |
| Name: | Arthur Schuetz |
| Title: | CFO SCHMID Group N.V. |

---

**Anette Schmid**

---

| | |
|:---|:---|
| By: | /s/ Anette Schmid |

---

## Exhibit 10.6

**Exhibit 10.6**

**SET-OFF AGREEMENT**

This Agreement on the issuance of shares against set-off of payment obligations (the "**Agreement**") is made and entered into as of 24 April 2026 (the "**Effective Date**")

**BY AND AMONG** 

&nbsp;&nbsp;&nbsp;&nbsp;(1) SCHMID Group N.V., a Dutch public limited liability company with its registered address at Robert-Bosch-Str.
32-36, 72250 Freudenstadt, Germany ()"**SCHMID** "), and

&nbsp;&nbsp;&nbsp;&nbsp;(2) Christian Schmid ()"**CS**" and together with SCHMID, the "**Parties** "),

**RECITALS**

**WHEREAS,** certain payment obligations of Gebr. Schmid GmbH, a subsidiary of SCHMID, to CS have been assumed by SCHMID by entering into a debt assumption agreement (the "**Debt Assumption Agreement**") to consolidate all such obligations with SCHMID, so that SCHMID has become the sole debtor in respect of such obligations.

**WHEREAS,** SCHMID has thus outstanding payment obligations against CS in a total amount of EUR 8,000,000 (the "**Outstanding Claims**").

**WHEREAS,** SCHMID and CS also intend to enter into a subscription agreement on or about the date of this Agreement (the "**Subscription Agreement**"), pursuant to which SCHMID will agree to issue ordinary shares in its share capital at a share price as set out in such Subscription Agreement (the "**Subscribed Shares**") to CS.

**WHEREAS,** in order to enable the set-off of the Outstanding Claims against the subscription price of the Subscribed Shares, the Parties hereto enter into this Agreement as follows:

**1.** **Share Transfer for Discharge of the Outstanding Claims through Set-off** 

&nbsp;&nbsp;&nbsp;&nbsp;1.1. Upon the Closing (as defined in the Subscription Agreement) and the legal and successful issuance of the
Subscribed Shares by SCHMID to CS in accordance with the terms and conditions of the Subscription Agreement, SCHMID and CS agree that
all Outstanding Claims shall be fully satisfied and irrevocably discharged (the "**Share Transfer** ").

&nbsp;&nbsp;&nbsp;&nbsp;1.2. CS shall provide any required technical documentation to SCHMID that SCHMID reasonably requests, to facilitate
the issuance of the Subscribed Shares to CS though Dutch notarial deeds and the registration of the ownership of CS of the Subscribed
Shares with SCHMID Group's share transfer agent Continental Stock Transfer & Trust Company ()"**Continental** ").

&nbsp;&nbsp;&nbsp;&nbsp;1.3. Upon completion of the Share Transfer through Continental, CS shall become the sole legal and beneficial
owner of the Subscribed Shares through an entry in the share registry at Continental. CS shall not assert any further claims against SCHMID
in respect of the Outstanding Claims.

&nbsp;&nbsp;&nbsp;&nbsp;1.4. CS agrees and acknowledges that the Subscribed Shares will be issued to CS based on a private placement
exemption from applicable U.S. securities laws and will not be immediately registered under the U.S. Securities Act of 1933 and thus are
not available for trading on the Nasdaq or any other stock exchange at the time of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;1.5. The Share Transfer and set-off of the Outstanding Claims is contingent on the authorization of the issuance
of the Subscribed Shares by the shareholders meeting of SCHMID, which is contemplated to be held on May 20, 2026.

**2.** **Miscellaneous** 

&nbsp;&nbsp;&nbsp;&nbsp;2.1. This Agreement and all claims or causes of action based upon, arising out of, or related to this Agreement
or the Transaction shall be governed by and construed in accordance with the Laws of Germany without regard to the conflict of laws principles
thereof. The exclusive place of jurisdiction for all disputes under or in connection with this Agreement is Stuttgart, Germany.

&nbsp;&nbsp;&nbsp;&nbsp;2.2. This Agreement may be executed in counterparts (including by means of facsimile or scanned and emailed
signature pages), any one of which need not contain the signatures of more than one Party, but all such counterparts taken together shall
constitute one and the same agreement.

*[Signature pages follow]*

---

| | |
|:---|:---|
| **SCHMID Group N.V.** | **SCHMID Group N.V.** |
| By: | /s/ Arthur Schuetz |
| Name: | Arthur Schuetz |
| Title: | CFO SCHMID Group N.V. |

---

**Christian Schmid**

---

| | |
|:---|:---|
| By: | /s/ Christian Schmid |

---

## Exhibit 10.7

**Exhibit 10.7**

**SET-OFF AGREEMENT**

This Agreement on the issuance of shares against set-off of payment obligations (the "**Agreement**") is made and entered into as of 24 April 2026 (the "**Effective Date**")

**BY AND AMONG** 

&nbsp;&nbsp;&nbsp;&nbsp;(1) SCHMID Group N.V., a Dutch public limited liability company with its registered address at Robert-Bosch-Str.
32-36, 72250 Freudenstadt, Germany ()"**SCHMID** "), and

&nbsp;&nbsp;&nbsp;&nbsp;(2) Christine Schmid ()"**CS**" and together with SCHMID, the "**Parties** "),

**RECITALS**

**WHEREAS,** certain payment obligations of Gebr. Schmid GmbH, a subsidiary of SCHMID, to CS have been assumed by SCHMID by entering into a debt assumption agreement (the "**Debt Assumption Agreement**") to consolidate all such obligations with SCHMID, so that SCHMID has become the sole debtor in respect of such obligations.

**WHEREAS,** SCHMID has thus outstanding payment obligations against CS in a total amount of EUR 2,400,000 (the "**Outstanding Claims**").

**WHEREAS,** SCHMID and CS also intend to enter into a subscription agreement on or about the date of this Agreement (the "**Subscription Agreement**"), pursuant to which SCHMID will agree to issue ordinary shares in its share capital at a share price as set out in such Subscription Agreement (the "**Subscribed Shares**") to CS.

**WHEREAS,** in order to enable the set-off of the Outstanding Claims against the subscription price of the Subscribed Shares, the Parties hereto enter into this Agreement as follows:

**1.** **Share Transfer for Discharge of the Outstanding Claims through Set-off** 

&nbsp;&nbsp;&nbsp;&nbsp;1.1. Upon the Closing (as defined in the Subscription Agreement) and the legal and successful issuance of the
Subscribed Shares by SCHMID to CS in accordance with the terms and conditions of the Subscription Agreement, SCHMID and CS agree that
all Outstanding Claims shall be fully satisfied and irrevocably discharged (the "**Share Transfer** ").

&nbsp;&nbsp;&nbsp;&nbsp;1.2. CS shall provide any required technical documentation to SCHMID that SCHMID reasonably requests, to facilitate
the issuance of the Subscribed Shares to CS though Dutch notarial deeds and the registration of the ownership of CS of the Subscribed
Shares with SCHMID Group's share transfer agent Continental Stock Transfer & Trust Company ()"**Continental** ").

&nbsp;&nbsp;&nbsp;&nbsp;1.3. Upon completion of the Share Transfer through Continental, CS shall become the sole legal and beneficial
owner of the Subscribed Shares through an entry in the share registry at Continental. CS shall not assert any further claims against SCHMID
in respect of the Outstanding Claims.

&nbsp;&nbsp;&nbsp;&nbsp;1.4. CS agrees and acknowledges that the Subscribed Shares will be issued to CS based on a private placement
exemption from applicable U.S. securities laws and will not be immediately registered under the U.S. Securities Act of 1933 and thus are
not available for trading on the Nasdaq or any other stock exchange at the time of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;1.5. The Share Transfer and set-off of the Outstanding Claims is contingent on the authorization of the issuance
of the Subscribed Shares by the shareholders meeting of SCHMID, which is contemplated to be held on May 20, 2026.

**2.** **Miscellaneous** 

&nbsp;&nbsp;&nbsp;&nbsp;2.1. This Agreement and all claims or causes of action based upon, arising out of, or related to this Agreement
or the Transaction shall be governed by and construed in accordance with the Laws of Germany without regard to the conflict of laws principles
thereof. The exclusive place of jurisdiction for all disputes under or in connection with this Agreement is Stuttgart, Germany.

&nbsp;&nbsp;&nbsp;&nbsp;2.2. This Agreement may be executed in counterparts (including by means of facsimile or scanned and emailed
signature pages), any one of which need not contain the signatures of more than one Party, but all such counterparts taken together shall
constitute one and the same agreement.

*[Signature pages follow]*

---

| | |
|:---|:---|
| **SCHMID Group N.V.** | **SCHMID Group N.V.** |
| By: | /s/ Arthur Schuetz |
| Name: | Arthur Schuetz |
| Title: | CFO SCHMID Group N.V. |

---

**Christine Schmid**

---

| | |
|:---|:---|
| By: | /s/ Christine Schmid |

---

## Exhibit 10.8

**Exhibit 10.8**

**SET-OFF AGREEMENT**

This Agreement on the issuance of shares against set-off of payment obligations (the "**Agreement**") is made and entered into as of 24 April 2026 (the "**Effective Date**")

**BY AND AMONG** 

&nbsp;&nbsp;&nbsp;&nbsp;(1) SCHMID Group N.V., a Dutch public limited liability company with its registered address at Robert-Bosch-Str.
32-36, 72250 Freudenstadt, Germany ()"**SCHMID** "), and

&nbsp;&nbsp;&nbsp;&nbsp;(2) Schmid Grundstücke GmbH & Co KG, Robert-Bosch-Str. 32 – 36, 72250 Freudenstadt, Germany
(" **SGK**" and together with SCHMID, the "**Parties** "),

**RECITALS**

**WHEREAS,** certain payment obligations of Gebr. Schmid GmbH, a subsidiary of SCHMID, to SGK have been assumed by SCHMID by entering into a debt assumption agreement (the "**Debt Assumption Agreement**") to consolidate all such obligations with SCHMID, so that SCHMID has become the sole debtor in respect of such obligations.

**WHEREAS,** SCHMID has thus outstanding payment obligations against SGK in a total amount of EUR 6,500,000 (the "**Outstanding Claims**").

**WHEREAS,** SCHMID and SGK also intend to enter into a subscription agreement on or about the date of this Agreement (the "**Subscription Agreement**"), pursuant to which SCHMID will agree to issue ordinary shares in its share capital at a share price as set out in such Subscription Agreement (the "**Subscribed Shares**") to SGK.

**WHEREAS,** in order to enable the set-off of the Outstanding Claims against the subscription price of the Subscribed Shares, the Parties hereto enter into this Agreement as follows:

**1.** **Share Transfer for Discharge of the Outstanding Claims through Set-off** 

&nbsp;&nbsp;&nbsp;&nbsp;1.1. Upon the Closing (as defined in the Subscription Agreement) and the legal and successful issuance of the
Subscribed Shares by SCHMID to SGK in accordance with the terms and conditions of the Subscription Agreement, SCHMID and SGK agree that
all Outstanding Claims shall be fully satisfied and irrevocably discharged (the "**Share Transfer** ").

&nbsp;&nbsp;&nbsp;&nbsp;1.2. SGK shall provide any required technical documentation to SCHMID that SCHMID reasonably requests, to facilitate
the issuance of the Subscribed Shares to SGK though Dutch notarial deeds and the registration of the ownership of SGK of the Subscribed
Shares with SCHMID Group's share transfer agent Continental Stock Transfer & Trust Company ()"**Continental** ").

&nbsp;&nbsp;&nbsp;&nbsp;1.3. Upon completion of the Share Transfer through Continental, SGK shall become the sole legal and beneficial
owner of the Subscribed Shares through an entry in the share registry at Continental. SGK shall not assert any further claims against
SCHMID in respect of the Outstanding Claims.

&nbsp;&nbsp;&nbsp;&nbsp;1.4. SGK agrees and acknowledges that the Subscribed Shares will be issued to SGK based on a private placement
exemption from applicable U.S. securities laws and will not be immediately registered under the U.S. Securities Act of 1933 and thus are
not available for trading on the Nasdaq or any other stock exchange at the time of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;1.5. The Share Transfer and set-off of the Outstanding Claims is contingent on the authorization of the issuance
of the Subscribed Shares by the shareholders meeting of SCHMID, which is contemplated to be held on May 20, 2026.

**2.** **Miscellaneous** 

&nbsp;&nbsp;&nbsp;&nbsp;2.1. This Agreement and all claims or causes of action based upon, arising out of, or related to this Agreement
or the Transaction shall be governed by and construed in accordance with the Laws of Germany without regard to the conflict of laws principles
thereof. The exclusive place of jurisdiction for all disputes under or in connection with this Agreement is Stuttgart, Germany.

&nbsp;&nbsp;&nbsp;&nbsp;2.2. This Agreement may be executed in counterparts (including by means of facsimile or scanned and emailed
signature pages), any one of which need not contain the signatures of more than one Party, but all such counterparts taken together shall
constitute one and the same agreement.

*[Signature pages follow]*

---

| | |
|:---|:---|
| **SCHMID Group N.V.** | **SCHMID Group N.V.** |
| By: | /s/ Arthur Schuetz |
| Name: | Arthur Schuetz |
| Title: | CFO SCHMID Group N.V. |

---

**Schmid Grundstücke GmbH & Co KG**

---

| | |
|:---|:---|
| By: | /s/ Anette Schmid |

---

Anette Schmid as managing director with sole power of representation of Schmid Grundstücksverwaltungs GmbH, acting as the sole general partner of Schmid Grundstücke

## Exhibit 10.9

**Exhibit 10.9**

**DEBT ASSUMPTION AGREEMENT**

This Agreement on the assumption of certain payment obligations of Gebr. Schmid GmbH by SCHMID Group N.V. (the "**Agreement**") is made and entered into as of 24 April 2026 (the "**Effective Date**")

**BY AND AMONG** 

&nbsp;&nbsp;&nbsp;&nbsp;(1) SCHMID Group N.V., a Dutch public limited liability company with its registered address at Robert-Bosch-Str.
32-36, 72250 Freudenstadt, Germany ()"**SCHMID** "),

&nbsp;&nbsp;&nbsp;&nbsp;(2) Gebr. Schmid GmbH, a German limited liability company with its registered address at Robert-Bosch-Str.
32-36, 72250 Freudenstadt, Germany (the "**Gebr. Schmid GmbH** "), and

&nbsp;&nbsp;&nbsp;&nbsp;(3) Anette Schmid ()"**AS** "), (together the "**Parties**" and each a "**Party** ").

**RECITALS**

**WHEREAS**, Gebr. Schmid GmbH has entered into loan agreements with AS as set out in <u>Schedule A</u> hereto;

**WHEREAS**, the Parties intend to agree in a set-off agreement and a subscription agreement to set-off a total of EUR 13,850,000 of payment obligations (as set out in <u>Schedule A</u>, the "**Outstanding Claims**") of AS against the issuance of shares by SCHMID.

**NOW, THEREFORE**, the Parties hereto agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;1. The Parties agree that on and from the Effective Date, (a) SCHMID agrees to assume all Outstanding Claims
as set out in <u>Schedule A</u> of Gebr. Schmid GmbH to AS and that SCHMID is substituted for Gebr. Schmid GmbH as a party against consideration
from Gebr. Schmid GmbH as set out in Clause 2, (b) AS irrevocably and unconditionally releases Gebr. Schmid GmbH from all Outstanding
Claims, whether present or future, actual or contingent, as set out in <u>Schedule A</u>.

&nbsp;&nbsp;&nbsp;&nbsp;2. AS agrees to the assumption of debt by SCHMID of the Outstanding Claims and agrees to the release of all
obligations of Gebr. Schmid GmbH in relation to the Outstanding Claims.

&nbsp;&nbsp;&nbsp;&nbsp;3. In consideration of the assumption of the Outstanding Claims by SCHMID from Gebr. Schmid GmbH, SCHMID
hereby grants a loan in the principal amount of EUR 13,850,000 to Gebr. Schmid GmbH at an interest rate of 1% above the 3-month Euribor
p.a. with such loan maturing on 31 December 2026 and with such loan being automatically extended by 12 months unless Gebr. Schmid GmbH
provides a written termination notice to SCHMID until at least 6 months prior to the applicable maturity date.

&nbsp;&nbsp;&nbsp;&nbsp;4. This Agreement and all claims or causes of action based upon, arising out of, or related to this Agreement
or the Transaction shall be governed by and construed in accordance with the Laws of Germany without regard to the conflict of laws principles
thereof. The exclusive place of jurisdiction for all disputes under or in connection with this Agreement is Stuttgart, Germany.

&nbsp;&nbsp;&nbsp;&nbsp;5. This Agreement may be executed in counterparts (including by means of facsimile or scanned and emailed
signature pages), any one of which need not contain the signatures of more than one Party, but all such counterparts taken together shall
constitute one and the same agreement.

*[Signature pages follow]*

---

| | |
|:---|:---|
| **SCHMID Group N.V.** | **SCHMID Group N.V.** |
| By: | /s/ Arthur Schuetz |
| Name: | Arthur Schuetz |
| Title: | CFO SCHMID Group N.V. |

---

---

| | |
|:---|:---|
| **Gebr. Schmid GmbH** | **Gebr. Schmid GmbH** |
| By: | /s/ Julia Natterer |
| Name: | Julia Natterer |
| Title: | CFO Gebr. SCHMID GmbH |

---

**Anette Schmid**

---

| | |
|:---|:---|
| By: | /s/ Anette Schmid |

---

**Schedule A**

The Outstanding Claims include:

&nbsp;&nbsp;&nbsp;&nbsp;· EUR 13,000,000.00 as the full principal amount as set out in the loan agreement
between Anette Schmid and Gebr. Schmid GmbH dated 31 December 2024.

&nbsp;&nbsp;&nbsp;&nbsp;· EUR 850,000.00 outstanding under the revolving credit agreement between Anette
Schmid and Gebr. Schmid GmbH dated 31 December 2024 (for the avoidance of doubt, such EUR 850,000.00 only constitute a partial amount
outstanding under this agreement)

## Exhibit 10.10

**Exhibit 10.10**

**DEBT ASSUMPTION AGREEMENT**

This Agreement on the assumption of certain payment obligations of Gebr. Schmid GmbH by SCHMID Group N.V. (the "**Agreement**") is made and entered into as of 24 April 2026 (the "**Effective Date**")

**BY AND AMONG** 

&nbsp;&nbsp;&nbsp;&nbsp;(1) SCHMID Group N.V., a Dutch public limited liability company with its registered address at Robert-Bosch-Str.
32-36, 72250 Freudenstadt, Germany ()"**SCHMID** "),

&nbsp;&nbsp;&nbsp;&nbsp;(2) Gebr. Schmid GmbH, a German limited liability company with its registered address at Robert-Bosch-Str.
32-36, 72250 Freudenstadt, Germany (the "**Gebr. Schmid GmbH** "), and

&nbsp;&nbsp;&nbsp;&nbsp;(3) Christian Schmid ()"**CS** "), (together the "**Parties**" and each a "**Party** ").

**RECITALS**

**WHEREAS**, Gebr. Schmid GmbH has entered into loan agreements with CS as set out in <u>Schedule A</u> hereto;

**WHEREAS**, the Parties intend to agree in a set-off agreement and a subscription agreement to set-off a total of EUR 8,000,000 of payment obligations (as set out in <u>Schedule A</u>, the "**Outstanding Claims**") of CS against the issuance of shares by SCHMID.

**NOW, THEREFORE**, the Parties hereto agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;1. The Parties agree that on and from the Effective Date, (a) SCHMID agrees to assume all Outstanding Claims
as set out in <u>Schedule A</u> of Gebr. Schmid GmbH to CS and that SCHMID is substituted for Gebr. Schmid GmbH as a party against consideration
from Gebr. Schmid GmbH as set out in Clause 2, (b) CS irrevocably and unconditionally releases Gebr. Schmid GmbH from all Outstanding
Claims, whether present or future, actual or contingent, as set out in <u>Schedule A</u>.

&nbsp;&nbsp;&nbsp;&nbsp;2. CS agrees to the assumption of debt by SCHMID of the Outstanding Claims and agrees to the release of all
obligations of Gebr. Schmid GmbH in relation to the Outstanding Claims.

&nbsp;&nbsp;&nbsp;&nbsp;3. In consideration of the assumption of the Outstanding Claims by SCHMID from Gebr. Schmid GmbH, SCHMID
hereby grants a loan in the principal amount of EUR 8,000,000 to Gebr. Schmid GmbH at an interest rate of 1% above the 3-month Euribor
p.a. with such loan maturing on 31 December 2026 and with such loan being automatically extended by 12 months unless Gebr. Schmid GmbH
provides a written termination notice to SCHMID until at least 6 months prior to the applicable maturity date.

&nbsp;&nbsp;&nbsp;&nbsp;4. This Agreement and all claims or causes of action based upon, arising out of, or related to this Agreement
or the Transaction shall be governed by and construed in accordance with the Laws of Germany without regard to the conflict of laws principles
thereof. The exclusive place of jurisdiction for all disputes under or in connection with this Agreement is Stuttgart, Germany.

&nbsp;&nbsp;&nbsp;&nbsp;5. This Agreement may be executed in counterparts (including by means of facsimile or scanned and emailed
signature pages), any one of which need not contain the signatures of more than one Party, but all such counterparts taken together shall
constitute one and the same agreement.

*[Signature pages follow]*

---

| | |
|:---|:---|
| **SCHMID Group N.V.** | **SCHMID Group N.V.** |
| By: | /s/ Arthur Schuetz |
| Name: | Arthur Schuetz |
| Title: | CFO SCHMID Group N.V. |

---

---

| | |
|:---|:---|
| **Gebr. Schmid GmbH** | **Gebr. Schmid GmbH** |
| By: | /s/ Julia Natterer |
| Name: | Julia Natterer |
| Title: | CFO Gebr. SCHMID GmbH |

---

**Christian Schmid**

---

| | |
|:---|:---|
| By: | /s/ Christian Schmid |

---

**Schedule A**

The Outstanding Claims include:

&nbsp;&nbsp;&nbsp;&nbsp;· EUR 8,000,000.00 as the full principal amount as set out in the loan agreement
between Christian Schmid and Gebr. Schmid GmbH dated 31 December 2016.

## Exhibit 10.11

**Exhibit 10.11**

**DEBT ASSUMPTION AGREEMENT**

This Agreement on the assumption of certain payment obligations of Gebr. Schmid GmbH by SCHMID Group N.V. (the "**Agreement**") is made and entered into as of 24 April 2026 (the "**Effective Date**")

**BY AND AMONG** 

&nbsp;&nbsp;&nbsp;&nbsp;(1) SCHMID Group N.V., a Dutch public limited liability company with its registered address at Robert-Bosch-Str.
32-36, 72250 Freudenstadt, Germany ()"**SCHMID** "),

&nbsp;&nbsp;&nbsp;&nbsp;(2) Gebr. Schmid GmbH, a German limited liability company with its registered address at Robert-Bosch-Str.
32-36, 72250 Freudenstadt, Germany (the "**Gebr. Schmid GmbH** "), and

&nbsp;&nbsp;&nbsp;&nbsp;(3) Christine Schmid ()"**CS** "), (together the "**Parties**" and each a "**Party** ").

**RECITALS**

**WHEREAS**, Gebr. Schmid GmbH has entered into loan agreements with CS as set out in <u>Schedule A</u> hereto;

**WHEREAS**, the Parties intend to agree in a set-off agreement and a subscription agreement to set-off a total of EUR 2,400,000 of payment obligations (as set out in <u>Schedule A</u>, the "**Outstanding Claims**") of CS against the issuance of shares by SCHMID.

**NOW, THEREFORE**, the Parties hereto agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;1. The Parties agree that on and from the Effective Date, (a) SCHMID agrees to assume all Outstanding Claims
as set out in <u>Schedule A</u> of Gebr. Schmid GmbH to CS and that SCHMID is substituted for Gebr. Schmid GmbH as a party against consideration
from Gebr. Schmid GmbH as set out in Clause 2, (b) CS irrevocably and unconditionally releases Gebr. Schmid GmbH from all Outstanding
Claims, whether present or future, actual or contingent, as set out in <u>Schedule A</u>.

&nbsp;&nbsp;&nbsp;&nbsp;2. CS agrees to the assumption of debt by SCHMID of the Outstanding Claims and agrees to the release of all
obligations of Gebr. Schmid GmbH in relation to the Outstanding Claims.

&nbsp;&nbsp;&nbsp;&nbsp;3. In consideration of the assumption of the Outstanding Claims by SCHMID from Gebr. Schmid GmbH, SCHMID
hereby grants a loan in the principal amount of EUR 2,400,000 to Gebr. Schmid GmbH at an interest rate of 1% above the 3-month Euribor
p.a. with such loan maturing on 31 December 2026 and with such loan being automatically extended by 12 months unless Gebr. Schmid GmbH
provides a written termination notice to SCHMID until at least 6 months prior to the applicable maturity date.

&nbsp;&nbsp;&nbsp;&nbsp;4. This Agreement and all claims or causes of action based upon, arising out of, or related to this Agreement
or the Transaction shall be governed by and construed in accordance with the Laws of Germany without regard to the conflict of laws principles
thereof. The exclusive place of jurisdiction for all disputes under or in connection with this Agreement is Stuttgart, Germany.

&nbsp;&nbsp;&nbsp;&nbsp;5. This Agreement may be executed in counterparts (including by means of facsimile or scanned and emailed
signature pages), any one of which need not contain the signatures of more than one Party, but all such counterparts taken together shall
constitute one and the same agreement.

*[Signature pages follow]*

---

| | |
|:---|:---|
| **SCHMID Group N.V.** | **SCHMID Group N.V.** |
| By: | /s/ Arthur Schuetz |
| Name: | Arthur Schuetz |
| Title: | CFO SCHMID Group N.V. |

---

---

| | |
|:---|:---|
| **Gebr. Schmid GmbH** | **Gebr. Schmid GmbH** |
| By: | /s/ Julia Natterer |
| Name: | Julia Natterer |
| Title: | CFO Gebr. SCHMID GmbH |

---

**Christine Schmid**

---

| | |
|:---|:---|
| By: | /s/ Christine Schmid |

---

**Schedule A**

The Outstanding Claims include:

&nbsp;&nbsp;&nbsp;&nbsp;· EUR 2,000,000.00 as the full principal amount as set out in the loan agreement
between Christine Schmid and Gebr. Schmid GmbH dated 31 December 2024.

&nbsp;&nbsp;&nbsp;&nbsp;· EUR 400,000.00 outstanding under a loan agreement (*Rückzahlungsvereinbarung*)
between Christine Schmid and Gebr. Schmid GmbH dated 31 December 2024 (for the avoidance of doubt, such EUR 400,000.00 only constitute
a partial amount outstanding under this agreement)

## Exhibit 10.12

**Exhibit 10.12**

**DEBT ASSUMPTION AGREEMENT**

This Agreement on the assumption of certain payment obligations of Gebr. Schmid GmbH by SCHMID Group N.V. (the "**Agreement**") is made and entered into as of 24 April 2026 (the "**Effective Date**")

**BY AND AMONG** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) SCHMID Group N.V., a Dutch public limited liability company with its registered address at Robert-Bosch-Str.
32-36, 72250 Freudenstadt, Germany ()"**SCHMID** "),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Gebr. Schmid GmbH, a German limited liability company with its registered address at Robert-Bosch-Str.
32-36, 72250 Freudenstadt, Germany (the "**Gebr. Schmid GmbH** "), and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Schmid Grundstücke GmbH & Co KG, a German company with its registered address at Rober-Bosch-Str.
32 – 36, 72250 Freudenstadt, Germany ()"**SGK** "), (together the "**Parties**" and each a "**Party** ").

**RECITALS**

**WHEREAS**, Gebr. Schmid GmbH has entered into loan agreements with SGK as set out in <u>Schedule A</u> hereto;

**WHEREAS**, the Parties intend to agree in a set-off agreement and a subscription agreement to set-off a total of EUR 6,500,000 of payment obligations (as set out in <u>Schedule A</u>, the "**Outstanding Claims**") of SGK against the issuance of shares by SCHMID.

**NOW, THEREFORE**, the Parties hereto agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;1. The Parties agree that on and from the Effective Date, (a) SCHMID agrees to assume all Outstanding Claims
as set out in <u>Schedule A</u> of Gebr. Schmid GmbH to SGK and that SCHMID is substituted for Gebr. Schmid GmbH as a party against consideration
from Gebr. Schmid GmbH as set out in Clause 2, (b) SGK irrevocably and unconditionally releases Gebr. Schmid GmbH from all Outstanding
Claims, whether present or future, actual or contingent, as set out in <u>Schedule A</u>.

&nbsp;&nbsp;&nbsp;&nbsp;2. SGK agrees to the assumption of debt by SCHMID of the Outstanding Claims and agrees to the release of
all obligations of Gebr. Schmid GmbH in relation to the Outstanding Claims.

&nbsp;&nbsp;&nbsp;&nbsp;3. In consideration of the assumption of the Outstanding Claims by SCHMID from Gebr. Schmid GmbH, SCHMID
hereby grants a loan in the principal amount of EUR 6,500,000 to Gebr. Schmid GmbH at an interest rate of 1% above the 3-month Euribor
p.a. with such loan maturing on 31 December 2026 and with such loan being automatically extended by 12 months unless Gebr. Schmid GmbH
provides a written termination notice to SCHMID until at least 6 months prior to the applicable maturity date.

&nbsp;&nbsp;&nbsp;&nbsp;4. This Agreement and all claims or causes of action based upon, arising out of, or related to this Agreement
or the Transaction shall be governed by and construed in accordance with the Laws of Germany without regard to the conflict of laws principles
thereof. The exclusive place of jurisdiction for all disputes under or in connection with this Agreement is Stuttgart, Germany.

&nbsp;&nbsp;&nbsp;&nbsp;5. This Agreement may be executed in counterparts (including by means of facsimile or scanned and emailed
signature pages), any one of which need not contain the signatures of more than one Party, but all such counterparts taken together shall
constitute one and the same agreement.

*[Signature pages follow]*

---

| | |
|:---|:---|
| **SCHMID Group N.V.** | **SCHMID Group N.V.** |
| By: | /s/ Arthur Schuetz |
| Name: Arthur Schuetz | Name: Arthur Schuetz |
| Title: CFO SCHMID Group N.V. | Title: CFO SCHMID Group N.V. |
| **Gebr. Schmid GmbH** | **Gebr. Schmid GmbH** |
| By: | /s/ Julia Natterer |
| Name: Julia Natterer | Name: Julia Natterer |
| Title: CFO Gebr. SCHMID GmbH | Title: CFO Gebr. SCHMID GmbH |
| **Schmid Grundstücke GmbH & Co KG** | **Schmid Grundstücke GmbH & Co KG** |
| By: | /s/ Anette Schmid |
| Anette Schmid as managing director with sole power of representation of Schmid Grundstücksverwaltungs GmbH, acting as the sole general partner of Schmid Grundstücke | Anette Schmid as managing director with sole power of representation of Schmid Grundstücksverwaltungs GmbH, acting as the sole general partner of Schmid Grundstücke |

---

**Schedule A**

The Outstanding Claims include:

&nbsp;&nbsp;&nbsp;&nbsp;· EUR 5,000,000.00 outstanding under the loan agreement between Schmid Grundstücke
GmbH & Co KG and Gebr. Schmid GmbH dated 31 December 2024 (for the avoidance of doubt, such EUR 5,000,000.00 only constitute a partial
amount outstanding under this agreement).

&nbsp;&nbsp;&nbsp;&nbsp;· EUR 1,500,000.00 outstanding under the revolving credit agreement between
Schmid Grundstücke GmbH & Co KG and Gebr. Schmid GmbH dated 31 December 2024 (for the avoidance of doubt, such EUR 1,500,000.00
only constitute a partial amount outstanding under this agreement)

## Exhibit 10.13

**Exhibit 10.13**

**SHARE INCENTIVE**

**PLAN**

**SCHMID GROUP N.V.**

1. INTRODUCTION

1.1 This document sets out the Company's share incentive plan for employees, officers and directors who qualify
as Eligible Participants.

1.2 The main purposes of this Plan are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.** to attract, retain and motivate Participants with the qualities, skills and experience needed to support
and promote the growth and sustainable success of the Company and its business; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b.** to incentivize Participants to perform at the highest level and to further the best interests of the Company,
its business and its stakeholders.

1.3 This Plan is effective as of the date on which it is approved by a majority of the shareholders of the
Company.

2. DEFINITIONS AND INTERPRETATION

2.1 In this Plan the following definitions shall apply:

---

| | |
|:---|:---|
| **Applicable Laws** | The requirements relating to the administration of equity-based awards under Dutch corporate law, U.S. federal and state securities laws, the IRC, any stock exchange or quotation system on which the Shares are listed or quoted and the applicable laws of any foreign country or jurisdiction where Awards are, or will be, granted under the Plan. |

---

---

| | |
|:---|:---|
| **Article** | An article of this Plan. |

---

---

| | |
|:---|:---|
| **Award** | A grant under this Plan in the form of one or more Unrestricted Shares. |

---

---

| | |
|:---|:---|
| **Award Agreement** | A written agreement between the Company and a Participant, substantially in the form of Annex A to this Plan, evidencing the grant of an Award to such Participant and containing such terms as the Committee may determine, consistent with and subject to the terms of this Plan. |

---

---

| | |
|:---|:---|
| **Bad Leaver** | A Participant who ceases to be an Eligible Participant for Cause, including a situation where the Participant resigns and the Committee determines that an event has occurred with respect to that Participant which constitutes Cause. |

---

---

| | |
|:---|:---|
| **Board of Directors** | The Company's board of directors. |

---

---

| | |
|:---|:---|
| **Cause** | With respect to a Participant, "cause" as defined in such Participant's employment, service or consulting agreement with the Company or a Subsidiary, or if not so defined (and unless determined otherwise in the applicable Award Agreement or by the Committee): |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.** such Participant's indictment for any crime which (i) constitutes a felony, (ii)
has, or could reasonably be expected to have, an adverse impact on the performance of such Participant's services to the Company and/or
any Subsidiary or (iii) has, or could reasonably be expected to have, an adverse impact on the business and/or reputation of the Company
and/or any Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b.** such Participant having been the subject of any order, judicial or administrative,
obtained or issued by any governmental or regulatory body for any securities laws violation involving fraud, market manipulation, insider
trading and/or unlawful dissemination of non-public price-sensitive information;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c.** such Participant's willful violation of the Company's code of conduct, insider trading
policy or other internal policies and regulations established by the Company and/or any Subsidiary, in each case to the extent applicable
to the Participant concerned;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**d.** gross negligence or willful misconduct in the performance of such Participant's
duties for the Company and/or any Subsidiary or willful or repeated failure or refusal to perform such duties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**e.** material breach by such Participant of any employment, service, consulting or other
agreement entered into between such Participant on the one hand and the Company and/or any Subsidiary on the other;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**f.** conduct by such Participant which should be considered as an urgent cause within
the meaning of Section 7:678 DCC, irrespective of whether that provision applies to such Participant's relationship with the Company and/or
any Subsidiary; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**g.** such other acts or omissions to act by such Participant as reasonably determined
by the Committee,

provided that the occurrence of an event described in paragraphs c. through e. above shall only constitute Cause if and when such event has not been cured or remedied by the relevant Participant within thirty days after the Company has provided written notice to such Participant.

---

| | |
|:---|:---|
| **Change of Control** | The occurrence of any one or more of the following events: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.** the direct or indirect change in ownership or control of the Company effected through
one transaction, or a series of related transactions within a twelve-month period, as a result of which any Person or group of Persons
acting in concert, directly or indirectly acquires (i) beneficial ownership of more than half of the Company's issued share capital and/or
(ii) the ability to cast more than half of the voting rights in the General Meeting;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b.** the consummation of a merger, demerger or business combination of the Company or
any Subsidiary with another Person, unless such transaction results in the shares in the Company's capital outstanding immediately prior
to the consummation of such transaction continuing to represent (either by remaining outstanding or by being converted into, or exchanged
for, voting securities of the surviving or acquiring Person or a parent thereof) at least half of the voting rights in the General Meeting
or in the shareholders' meeting of such surviving or acquiring Person or parent outstanding immediately after the consummation of such
transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c.** the consummation of any sale, lease, exchange or other transfer to any Person or
group of Persons acting in concert, not being Subsidiaries, in one transaction or a series of related transactions within a twelve-month
period, of all or substantially all of the business of the Company and its Subsidiaries; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**d.** subject to Article 9, such other event which the Committee determines to constitute
a change of control in respect of the Company.

---

| | |
|:---|:---|
| **Committee** | The Compensation Committee of the Board of Directors or such other committee or individuals satisfying Applicable Laws appointed by the Board of Directors in accordance with Article 3. |

---

---

| | |
|:---|:---|
| **Company** | SCHMID Group N.V. |
| **DCC** | The Dutch Civil Code. |
| **Eligible Participant** | Any Executive Officer, any member of the Board of Directors or an Employee. |
| **Employee** | Any Person, other than an Executive Officer or a member of the Board of Directors, who is an employee or officer of the Company and/or a Subsidiary. |
| **Executive Officer** | An executive officer of the Company. |
| **Exercise Date** | The date on which an Award is duly exercised by or on behalf of the Participant concerned. |
| **Exercise Price** | The exercise price applicable to an Award. |
| **FMV** | The closing price of a Share on the relevant date (or, if there is no reported sale of Shares on such date, on the last preceding date on which any such reported sale occurred) on the principal stock exchange where Shares have been admitted for trading, unless determined otherwise by the Committee. |
| **General Meeting** | The Company's general meeting of shareholders. |

---

---

| | |
|:---|:---|
| **Good Leaver** | A Participant who ceases to be an Eligible Participant and who is not a Bad Leaver. |
| **Grant Date** | The date on which the Committee decides to grant an Award, or such other effective date applicable to such Award as may be determined by the Committee. |
| **Participant** | The holder of an Award, including, as the context may require, the rightful heir(s) of a previous holder of such Award having acquired such Award as a result of the death of such previous holder. |
| **Performance Criteria** | The performance criteria applicable to an Award. |
| **Person** | A natural person. |
| **Plan** | This share incentive plan. |
| **Plan Share** | A Share underlying an Award. |

---

---

| | |
|:---|:---|
| **Replacement Award** | An Award granted in assumption of, or in substitution or exchange for, long-term incentive awards previously granted by a Person acquired (or whose business is acquired) by the Company or a Subsidiary or with which the Company or a Subsidiary merges or forms a business combination, as reasonably determined by the Committee. |

---

---

| | |
|:---|:---|
| **Section 409A IRC** | Section 409A of the United States Internal Revenue Code of 1986, as amended, and the rules, regulations and guidance promulgated pursuant thereto; any reference to a provision in this Code shall include any successor provision thereto. |

---

---

| | |
|:---|:---|
| **Section 457A IRC** | Section 457A of the United States Internal Revenue Code of 1986, as amended, and the rules, regulations and guidance promulgated pursuant thereto; any reference to a provision in this Code shall include any successor provision thereto. |

---

---

| | |
|:---|:---|
| **Share** | An ordinary share in the Company's capital. |

---

---

| | |
|:---|:---|
| **Subsidiary** | A subsidiary of the Company within the meaning of Section 2:24a DCC. |

---

---

| | |
|:---|:---|
| **Unrestricted Shares** | Plan Shares free of any restrictions. |

---

2.2 References to statutory provisions are to those provisions as they are in force from time to time.

2.3 Terms that are defined in the singular have a corresponding meaning in the plural.

2.4 Words denoting a gender include each other gender.

2.5 Except as otherwise required by law, the terms "written" and "in writing" include
the use of electronic means of communication.

3. ADMINISTRATION

3.1 This Plan shall be administered by the Committee. The Committee shall have such authority and be responsible
for such functions as the Board of Directors has assigned to it. The Committee's powers and authorities under this Plan include the authority
to perform the following matters, in each case consistent with and subject to the terms of this Plan:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.** designating Persons to whom Awards are granted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b.** deciding to grant Awards and executing Award Agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c.** determining the form(s) and type(s) of Awards being granted and setting the terms and conditions applicable
to such Awards, including (but not limited to):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. the number of Plan Shares underlying Awards;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. the time(s) when Awards may be exercised or settled in whole or in part;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. the Exercise Price of the Awards, including the method of calculation thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. whether, to which extent, and under which circumstances Awards may be exercised or settled in cash or
assets (including other Awards), or a combination thereof, in lieu of Plan Shares and vice versa;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. whether, to which extent and under which circumstances Awards may be cancelled or suspended;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. whether, to which extent and under which circumstances a Participant may designate another Person owned
or controlled by him as recipient or beneficiary of his Awards;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. whether and to which extent Awards are subject to Performance Criteria;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii. the method(s) by which Awards may be exercised, settled or cancelled;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ix. whether, to which extent and under which circumstances, the exercise, settlement or cancellation of Awards
may be deferred or suspended;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;x. apply a malus adjustment and/or a clawback as referred to in Article 13;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xi. determine the leaver status of a Participant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**d.** amending or waiving the terms applicable to outstanding Awards (including Performance Criteria) if such
amendment would materially and adversely affect the rights of the Participant(s) under such Awards, except to the extent that any such
amendment is made to cause this Plan or the Awards concerned to comply with applicable law, stock exchange rules, accounting principles
or tax rules and regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**e.** making any determination under, and interpreting the terms of, this Plan, any rules or regulations issued
pursuant to this Plan and any Award Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**f.** correcting any defect, supplying any omission or reconciling any inconsistency in the Plan or any Award
Agreement and addressing/deciding on any matters or rules not provided for in this Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**g.** settling any dispute between the Company and any Participant (including any beneficiary of his Awards)
regarding the administration and operation of this Plan, any rules or regulations issued pursuant to this Plan, and any Award Agreement
entered into with such Participant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**h.** making any other determination or taking any other action which the Committee considers to be necessary,
useful or desirable in connection with the administration or operation of this Plan and deviating from the Plan where this is considered
to be appropriate and reasonable.

3.2 The Committee may issue further rules and regulations for the administration and operation of this Plan,
consistent with and subject to the terms of this Plan.

3.3 All decisions of the Committee shall be final, conclusive and binding upon the Company and the Participants
(including beneficiaries of Awards).

4. AWARDS

4.1 Awards can only be granted to Eligible Participants.

4.2 No Award is intended to confer any rights on the relevant Participant except as set forth in the applicable
Award Agreement. In particular, no Award should be construed as giving any Participant the right to remain employed by or to continue
to provide services for the Company or any Subsidiary.

4.3 Awards shall be granted for no consideration or for such minimal cash consideration as may be required
by applicable law.

4.4 Awards may be granted alone or in addition or in tandem with any other Award and/or any award under any
other plan of the Company or any Subsidiary. Awards granted in addition or in tandem with any other Award and/or any award under any other
plan of the Company or any Subsidiary may be granted simultaneously or at different times.

4.5 Each Award granted under this Plan must be accepted by the Eligible Participant. Acceptance of the Award
must be done in writing or electronically by the within the timeframe prescribed by the Company in the Award Agreement. Upon acceptance
of the Award, the Eligible Participant will qualify as a Participant under this Plan.

4.6 If an Award is not accepted within the prescribed timeframe, the Award shall lapse and be deemed to have
never been granted to the Eligible Participant. Any partial or conditional rejection or acceptance of the Award by the Eligible Participant
shall be deemed to be a rejection in whole and shall not qualify as an acceptance of the Award. Until an Award Agreement has been entered
into between the Company and the relevant Participant, no rights can be derived from the Awards concerned by such Participant.

4.7 Plan Shares shall be delivered in such form(s) as may be determined by the Committee and shall be subject
to such stop transfer orders and other restrictions as the Committee may deem required or advisable. Furthermore, the Committee may determine
that certificates for such Shares shall bear an appropriate legend referring to the terms, conditions and restrictions applicable thereto.

4.8 The terms and conditions applicable to Awards, including the time(s) when Awards vest in whole or in part
and any applicable Performance Criteria, shall be set by the Committee and may vary between Awards and between Participants, as the Committee
deems appropriate. The Committee may also determine whether and under which circumstances Awards shall be settled automatically upon vesting,
without being exercised by the Participant.

4.9 The term of an Award shall be determined by the Committee, but shall not exceed ten years from the applicable
Grant Date. Unless determined otherwise by the Committee, if the exercise of an Award is prohibited by applicable law or the Company's
insider trading policy on the last business day of the term of such Award, such term shall be extended for a period of one month following
the end of such prohibition.

4.10 Unless determined otherwise by the Committee, Awards cannot be transferred, pledged or otherwise encumbered,
except by testament or hereditary law as a result of death of the Participant concerned.

4.11 If, as a result of changes in applicable law, accounting principles or tax rules and regulations, or due
to a variation of the composition of the Company's issued share capital (including a share split, reverse share split, redenomination
of the nominal value, or as a result of a dividend or other distribution, reorganization, acquisition, merger, demerger, business combination
or other transaction involving the Company or a Subsidiary), an adjustment to this Plan, any Award Agreement and/or outstanding Awards
is necessary to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under this Plan, the
Committee may adjust equitably any or all of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.** the number of Plan Shares available under this Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b.** the number of Plan Shares underlying outstanding Awards; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c.** the Exercise Price or other terms applicable to outstanding Awards.

4.12 Any rights, payments and benefits under any Award shall be subject to repayment and/or recoupment by the
Company in accordance with applicable law, stock exchange rules and such policies and procedures as the Company may adopt from time to
time.

4.13 The Company may withhold from any outstanding Award, any payment, issuance or transfer to be made under
such Award, or any other compensation or amount owed by the Company to the Participant holding such Award, an amount (in cash, in assets,
in the form of Shares or other Awards, or a combination thereof) equal to the withholding taxes and other costs due, or to be withheld,
by the Company or any Subsidiary in respect of the grant, exercise or settlement of such Award.

4.14 Any Award under this Plan is subject to and governed by the terms and conditions of this Plan, the specific
terms and conditions applicable to the Award as set out in the Award Agreement, and such other terms and conditions and criteria as the
Board or the Committee may deem appropriate from time to time.

4.15 Neither the Awards, Shares, nor any other proceeds or payments following from participation in the Plan
will form part of the Participant's regular income and will not be taken into account for the purpose of calculating any severance, resignation,
redundancy, and/or service payments, bonuses, long service awards, pension or savings plan, disability or retirement benefits or similar
payments.

4.16 Any Awards are made discretionary. Neither the designation as Participant nor the holding of Awards shall
result in any right (legal or otherwise) to the continued grant of Awards, or alternative compensation. An Award in one year will not
guarantee an Award in a subsequent year nor determine the level of any future Award.

5. TYPES OF AWARDS

5.1 The Committee may grant (or sell at par value, at FMV or such other Exercise Price determined by the Committee)
an Award of Unrestricted Shares under the Plan, pursuant to which such Unrestricted Shares shall be free of any restrictions, fully vested
and immediately salable and transferable once validly issued to the grantee under the Plan and accepted by the grantee in accordance with
the terms of the Plan.

5.2 Awards may be granted in respect of past services (including as a bonus for past performance) or other
valid consideration, or in lieu of cash compensation due to such grantee.

5.3 Awards may also be granted for future services, with the issuance of the Unrestricted Shares under such
Awards being subject to the Performance Criteria or other conditions imposed by the Committee in accordance with the Plan.

6. PERFORMANCE CRITERIA

6.1 The Committee may condition the right of a Participant to exercise one or more of his Awards, and the
timing thereof, upon the achievement or satisfaction of such Performance Criteria as may be determined by the Committee, within periods
specified by the Committee.

6.2 If an Award is subject to Performance Criteria which must be achieved or satisfied within a period specified
by the Committee for that purpose, such Award can only be exercised or settled at or after the end of that period.

6.3 Performance Criteria may be measured on an absolute or relative basis and may be established on a Company-wide
basis or with respect to one or more business units, divisions, Subsidiaries and/or business segments. Relative performance may be measured
against a group of peer companies determined by the Committee, financial market indices and/or other objective and quantifiable indices.
Performance Criteria may relate to performance by the Company and/or by the Participant concerned.

6.4 If the Committee determines that a change in the business, operations, group structure or capital structure
of the Company, or other events or circumstances, render certain Performance Criteria applicable to outstanding Awards unsuitable or inappropriate,
the Committee may amend or waive such Performance Criteria, in whole or in part, as the Committee deems appropriate.

7. PLAN SHARES AVAILABLE FOR AWARDS

7.1 Subject to Articles 4.10 and 7.2, the Plan Shares underlying Awards which are not Replacement Awards,
irrespective of whether such Awards have been settled, shall not exceed 2,500,000 Shares at any time.

7.2 Plan Shares underlying Awards, except for Replacement Awards, which expire, which are cancelled or otherwise
terminated, or which are settled in cash or assets in lieu of Plan Shares, shall again be available under this Plan and shall not be counted
towards the limit imposed by Article 7.1

8. EXERCISE AND SETTLEMENT

8.1 The Committee shall determine the Exercise Price, provided that the Exercise Price for an Award which
can be settled in the form of Plan Shares shall not be less than the aggregate nominal value of such Plan Shares.

8.2 Except for Awards granted for services granted to the Company or other valid consideration already received
by the Company in accordance with Article 5, upon the exercise of an Award, the applicable Exercise Price must immediately be paid in
cash, wire transfer of immediately available funds or by check payable to the order of the Company, provided that the Committee, subject
to applicable law, may allow that such Exercise Price is satisfied on a cashless or net settlement basis, applying any of the following
methods:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.** by means of an immediate sale of Plan Shares underlying the Award concerned, with sale proceeds equal
to the Exercise Price being paid to the Company on behalf of the relevant Participant and any remaining sale proceeds (less applicable
costs and taxes, if any) being paid to such Participant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b.** by means of the relevant Participant forfeiting his entitlement to receive part of the Plan Shares underlying
the Award concerned at FMV on the Exercise Date and charging the aggregate nominal value of the remaining Plan Shares underlying such
Award against the Company's reserves;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c.** by means of the relevant Participant surrendering his entitlement to receive part of the Plan Shares underlying
the Award concerned at FMV on the Exercise Date, against the Company becoming due an equivalent amount to such Participant and setting
off that obligation against the Company's receivable with respect to payment of the applicable Exercise Price; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**d.** by means of the relevant Participant surrendering and transferring Shares to the Company (which may include
Plan Shares underlying the Award concerned) at FMV on the Exercise Date.

8.3 The Company is authorized to withhold from any Award granted or any payment due or transfer made under
any Award or under the Plan or from any compensation or other amount owing to a Participant the amount (in cash, Shares, other Awards,
other property, net settlement or any combination thereof) of applicable withholding taxes due in respect of an Award, its exercise or
settlement or any payment or transfer under such Award or under the Plan and to take such other action (including providing for elective
payment of such amounts in cash or Shares by the Participant) as may be necessary in the option of the Company to satisfy all obligations
for the payment of such taxes

8.4 When an Award is exercised or settled in the form of Plan Shares, the Company shall, at the discretion
of the Committee, subject to applicable law and the Company's insider trading policy:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.** issue new Plan Shares to the relevant Participant; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b.** transfer existing Plan Shares held by the Company to the relevant Participant,

provided, in each case, that Plan Shares may be delivered in the form of book-entry securities representing those Plan Shares (or beneficial ownership of those Plan Shares entitling the holder to exercise or direct the exercise of voting rights attached thereto) credited to the securities account designated by the relevant Participant. Furthermore, Plan Shares may be delivered as described in the previous sentence to a Person designated by the relevant Participant, with the prior approval of the Committee, as beneficiary of his Award.

8.5 If an Award is exercised or settled in the form of Plan Shares and such Award does not relate to a whole
number of Plan Shares, the number of Plan Shares underlying such Award shall be rounded down to the nearest integer.

9. U.S. PARTICIPANTS

9.1 With respect to any Award subject to Section 409A IRC and Section 457A IRC, this Plan and the applicable
Award Agreement are intended to comply with the requirements of Section 409A IRC and Section 457A IRC, the provisions of this Plan and
such Award Agreement shall be interpreted in a manner that satisfies the requirements of Section 409A IRC and Section 457A IRC, and this
Plan shall be operated accordingly. If any provision of this Plan or any term or condition of any Award subject to Section 409A IRC and
Section 457A IRC would otherwise frustrate or conflict with this intent, the provision, term or condition will be interpreted and deemed
amended so as to avoid this conflict.

9.2 Notwithstanding any provision of this Plan to the contrary or any Award Agreement, a termination of employment
shall not deemed to have occurred for purposes of any provision of an Award that is subject to Section 409A IRC providing for payment
upon or following a termination of a Participant's employment unless such termination is also a "separation from service" and,
for purposes of any such provision of such Award, references to a "termination", "termination of employment" or like
terms shall mean "separation from service".

9.3 If all or part of any payments made, or other benefits conferred, under any Award subject to Section 409A
IRC constitutes deferred compensation for purposes of Section 409A IRC as a result of a "separation from service" of the relevant
Participant (other than due to his death) within the meaning of Section 409A IRC while such Participant is a "specified employee"
under Section 409A IRC, then such payment or benefit shall not be made or conferred until six months and one business day have elapsed
after the date of such "separation from service", except as permitted under Section 409A IRC.

9.4 If an Award subject to Section 409A IRC includes a "series of installment payments" within the
meaning of Section 1.409A-2(b)(2)(iii) of the United States Treasury Regulations, the right of the relevant Participant to such series
of installment payments shall be treated as a right to a series of separate payments and not as a right to a single payment, and if such
an Award includes "dividend equivalents" within the meaning of Section 1.409A-3(e) of the United States Treasury Regulations,
the right of the relevant Participant to such dividend equivalents shall be treated separately from the right to other amounts or other
benefits under such Award.

9.5 For any Award subject to Section 409A IRC or Section 457A IRC that provides for accelerated distribution
on a Change of Control of amounts that constitute "deferred compensation" as defined in Section 409A IRC and Section 457A IRC,
if the event that constitutes such Change of Control does not also constitute a change in the ownership or effective control of the Company,
or in the ownership of a substantial portion of the Company's assets (in either case, as defined in Section 409A IRC), such amount shall
not be distributed on such Change of Control but instead shall vest as of the date of such Change of Control and shall be paid on the
scheduled payment date specified in the applicable Award Agreement, except to the extent that earlier distribution would not result in
the relevant Participant incurring any additional tax, penalty, interest or other expense under Section 409A IRC and Section 457A IRC.

9.6 Notwithstanding the foregoing in this Article 9, the tax treatment of the benefits provided under this
Plan or any Award Agreement is not warranted or guaranteed, and in no event shall the Company be liable for all or any portion of any
taxes, penalties, interest or other expenses that may be incurred by a U.S. Participant on account of non-compliance with Section 409A
IRC and Section 457A IRC.

9.7 Notwithstanding any provision of this Plan to the contrary or any Award Agreement, in the event the Committee
determines that any Award may be subject to Section 409A IRC or Section 457A IRC, the Committee may adopt such amendments to this Plan
and the applicable Award Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive
effect), or take any other actions, that the Committee determined are necessary or appropriate to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.** exempt the Award from Section 409A IRC or Section 457A IRC and/or preserve the intended tax treatment
of the benefits provided with respect to the Award; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b.** comply with the requirements of Section 409A IRC or Section 457A IRC and thereby avoid the application
of any adverse tax consequences under such Sections.

10. LEAVER

10.1 If a Participant becomes a Good Leaver, unless otherwise determined by the Committee or set forth in an
Award Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.** all vested Awards that have not yet been exercised or settled must be exercised or settled in accordance
with their terms within a period specified by the Committee and, if such Awards are not exercised or (through no fault of the Participant
concerned) not settled within such period, they shall be cancelled automatically without compensation for the loss of such Awards; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b.** all unvested Awards of such Participant shall be cancelled automatically without compensation for the
loss of the such Awards, unless the Committee decides otherwise.

10.2 If a Participant becomes a Bad Leaver, all vested Awards of such Participant which have not been exercised
or settled, as well as all unvested Awards of such Participant, shall be cancelled automatically without compensation for the loss of
such Awards.

11. CHANGE OF CONTROL

11.1 If long-term incentive awards are granted in assumption of, or in substitution or exchange for, outstanding
Awards in connection with a Change of Control and the Committee has determined that such awards are sufficiently equivalent to the outstanding
Awards concerned, then such outstanding Awards shall be cancelled and terminated upon the replacement awards being granted to the Participants
concerned.

11.2 If, in connection with a Change of Control, outstanding Awards are not replaced by long-term incentive
awards as described in Article 11.1, or are replaced by long-term incentive awards which the Committee does not consider to be sufficiently
equivalent to such outstanding Awards, then such Awards shall settle in full, unless the Committee decides otherwise.

11.3 For purposes of this Article 11, awards shall not be considered to be "sufficiently equivalent"
to outstanding Awards, if the underlying securities are not widely held and publicly traded on a regulated national stock exchange.

12. LOCK-UP

12.1 In connection with any registration of the Company's securities, to the extent requested by the Company
or the underwriters managing any public offering of the Company's securities, and except (a) as otherwise approved by the Committee, or
(b) pursuant to any exceptions approved by the underwriters, Shares acquired by a Participant pursuant to the issuance, vesting, exercise,
or settlement of any Award granted under the Plan may not be sold, transferred, or otherwise disposed of prior to such period following
the effective date of such registration as designated by the underwriters, not to exceed 180 days following such registration.

12.2 The Company may impose stop-transfer instructions with respect to the Shares subject to the restriction
stipulated by Article 12.1 until the end of the lock-up period referred to in that provision.

13. Malus and clawback

13.1 The Board may at its sole discretion, and acting in good faith, resolve to apply a malus and/or claw back
and postpone, reduce, cancel, or recover any variable remuneration awarded to a Participant in the Award Agreement and under this Plan.

13.2 In case of an Executive Officer, the non-executive officers of the Company after alignment with the Committee,
may apply a malus and/or claw back and postpone, reduce, cancel, or recover any variable remuneration awarded to an Executive Officer
under this Plan.

13.3 In any such case, the Board, and the non-executive officers of the Company in case of an Executive Officer
after alignment with the Committee, shall take into account all relevant factors, including whether the assertion of a malus and/or clawback
claim may in its opinion prejudice the interests of the Company and/or any group Company in any related proceeding or investigation.

14. DATA PROTECTION

14.1 The Company may process personal data relating to the Participants in connection with the administration
and operation of this Plan. The personal data of the Participants which may be processed in this respect may include a copy of an identification
document, contact details and bank and securities account numbers. Each Participant's personal data shall be stored by the Company for
such time period as is necessary to administer such Participant's participation in the Plan or as otherwise permitted under applicable
law.

14.2 Each Participant's personal data shall be handled by the Company in a proper and careful manner in accordance
with applicable law, including the General Data Protection Regulation (GDPR) and the rules and regulations promulgated pursuant thereto.
Participants have the right to lodge complaints with an applicable supervisory authority regarding the Company's processing of personal
data pursuant to this Plan.

14.3 The Company shall implement technical and organizational measures designed to protect personal data processed
pursuant to Article 13.1. Personnel or third parties that have access to such personal data shall be bound by confidentiality obligations.

14.4 The Company shall abide by any statutory rights the Participants may have regarding their respective personal
data processed pursuant to Article 13.1, which includes the right to access, rectification, erasure, restriction of processing, objection
to processing and portability of such personal data.

14.5 In connection with the administration and operation of this Plan, the Company may transfer personal data
processed pursuant to Article 13.1 to one or more third parties, provided that there is a legitimate interest in doing so. Where such
third parties are located outside the European Economic Area in countries that are not considered to provide for an adequate level of
data protection, the Company shall ensure that sufficient data protection safeguards are put in place, failing which explicit consent
for such transfer shall be obtained from the Participant(s) concerned.

14.6 The contact details of the Company's data protection officer can be found on the Company's intranet or
otherwise can be obtained from the Company's General Counsel.

14.7 The Company may establish one or more privacy policies providing further information on data protection
and applying to the processing of personal data of the Participants by the Company in connection with the administration and operation
of this Plan.

15. AMENDMENTS and termination

15.1 Except to the extent prohibited by applicable law and unless otherwise expressly provided in an Award
Agreement or in this Plan, pursuant to a resolution to that effect, the Board may amend, alter, suspend, supplement or terminate this
Plan or any portion thereof, provided that no such amendment, alteration, suspension, supplementation or termination shall take effect
without approval of the General Meeting, if such approval is required by applicable law or stock exchange rules.

15.2 Notwithstanding anything to the contrary in the Plan, the Committee may amend the Plan or any Award Agreement
in such manner as may be necessary or desirable to enable the Plan or such Award Agreement to achieve its stated purposes in any jurisdiction
in a tax-efficient manner and in compliance with local laws, rules and regulations to recognize differences in local law, tax policy or
custom. The Committee also may impose conditions on the exercise or vesting of Awards in order to minimize the Company's obligation with
respect to tax equalization for Participants on assignments outside their home country.

16. GOVERNING LAW AND JURISDICTION

This Plan shall be governed by and shall be construed in accordance with the laws of the Netherlands. Subject to Article 3.1 paragraph 3.1.3(g)., any dispute arising in connection with these rules shall be submitted to the exclusive jurisdiction of the competent court in Amsterdam, the Netherlands.

**Schedule 1**<br> Template Award Agreement**

**AWARD AGREEMENT DATED** [*DATE*]**

**BETWEEN**

1. **SCHMID Group N.V.**, a Dutch public limited liability company (*naamloze vennootschap*), having
its corporate seat at Robert-Bosch-Str. 32-36, 72250 Freudenstadt, Germany (commercial register number: 89188276) (the "**Company** ");
and

2. [ *details of Participant* ] (the "Participant").

**NOW HEREBY AGREE AS FOLLOWS**

**1.1** Capitalized terms used herein have the meanings ascribed thereto in the Company's share incentive plan
(the "**Plan** ").

**1.2** In the event of a conflict among the provisions of the Plan, this agreement and/or
any descriptive materials concerning the Award governed by this agreement provided to the Participant, the provisions of the Plan will
prevail.

**1.3** The Participant has been granted an Award on the terms and subject to the conditions
set out in the Plan and below: *Form of Award*: [  ***number*** ] Unrestricted Shares

**1.4** *Grant Date*: [  ***date*** ]

---

| | |
|:---|:---|
| [*Exercise Price*] | : [[FMV] [***other price***] per Unrestricted Share |

---

*Automatic settlement* : Yes

---

| | |
|:---|:---|
| *Expiration Date* | : [***date***] |

---

*Performance-based* : [Yes, as specified below] [No]

*Delivery schedule* : Not applicable

---

| | |
|:---|:---|
| *[Good Leaver* | : In case of the Participant becoming a Good Leaver, all Awards that have not yet been settled must be settled in accordance with their terms within [***period***] after the Participant became a Good Leaver.] |

---

---

| | |
|:---|:---|
| *Acceptance* | : before [***date***] by returning a countersigned copy of this Award Agreement |

---

**1.5** **[** The following Performance Criteria relating to the Company's performance
apply with respect to this Award (determined on a consolidated basis): **]** 

**1.6** **[** The following Performance Criteria relating to the Participant's performance apply with respect
to this Award: **]** 

**1.7** The Participant grants an irrevocable power of attorney to the Company, with full
right of substitution, to perform on the Participant's behalf all acts necessary for or conducive to the administration and operation
of the Plan, including the following matters (in each case consistent with and subject to the terms of this Plan):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.** delivery of Plan Shares underlying Awards upon the settlement of such Awards in
accordance with their terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b.** effecting a cashless exercise of Awards; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c.** effecting a cancellation, termination and/or transfer to the Company of Awards in
case the Participant would become a Bad Leaver.

**1.8** The power of attorney granted above also extends to the performance of acts of disposition
(*beschikkingshandelingen*). The Company may act as counterparty of the Participant when acting under such power of attorney.

**1.9** This agreement shall be governed by and shall be construed in accordance with the
laws of the Netherlands. Any dispute arising in connection with this agreement shall be resolved in accordance with the dispute resolution
provisions of the Plan.

 

*(Signature page follows)*

---

| |
|:---|
| **SCHMID Group N.V.** |
| Name: |
| Title: |

---

**<u>Confirmation of Acceptance</u>**

I, ________________________, have read and understand the contents of this Award Agreement and the Plan and hereby agree to be bound by the terms and conditions set out therein.

**[Participant]**

 ****

 ****

## Exhibit 99.1

**Exhibit 99.1**

![](tm2612719d1_ex99-1img001.jpg)

**SCHMID Group N.V. Provides Q1 2026 Business Update and Balance-sheet Strengthening**

**Freudenstadt, Germany, April 27, 2026**– SCHMID Group N.V. (NASDAQ: SHMD) (the "**Company**" or "**SCHMID**"), a global leader in providing solutions to the high-tech electronics, glass, and energy systems industries, today provides an update on its operational development following the completion of the first quarter of 2026.

**Operational Update for the first quarter ended March 31, 2026**

In the first quarter of 2026, the Company recorded order intake of €13.6 million and generated revenues of €18.2 million. As in prior years, the first quarter reflects generally the softest period in terms of order intake and revenue contribution. The order book stood at €49 million at the end of the quarter. Order intake and order book figures relate exclusively to orders for equipment and does not include orders associated with services or spare parts.

Based on current visibility and business momentum especially in China, SCHMID reaffirms its full-year 2026 guidance. The Company continues to expect revenues exceeding €100 million, an Adjusted EBITDA margin exceeding 12% and order intake of approximately €114 million for the fiscal year 2026.

The financial information presented in this press release for the first quarter of 2026 is preliminary and unaudited. Actual results may differ from the preliminary estimates presented herein. Order intake and order backlog are operational metrics used by management to evaluate the Company's business activity and visibility of future revenue. These metrics are not measures defined under International Financial Reporting Standards ("IFRS") and may not be comparable to similarly titled measures used by other companies.

Adjusted EBITDA is a non-IFRS financial measure. The Company defines Adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, adjusted to exclude certain non-recurring or non-operational items. Because Adjusted EBITDA excludes items that may be included in the most directly comparable IFRS measure, investors should not consider Adjusted EBITDA in isolation or as a substitute for measures prepared in accordance with IFRS. The Company is unable to provide a reconciliation of forward-looking Adjusted EBITDA guidance to the most directly comparable IFRS financial measure without unreasonable effort because certain items that impact such measures are uncertain, out of the Company's control and cannot be reasonably predicted.

**Conversions of Convertible Notes by Institutional Investor**

Following the issuance of the second tranche of the USD 30 million convertible notes financing on March 5, 2026 as announced in the Report on Form 6-K of the Company dated March 6, 2026, the purchasers of the convertible notes have issued six separate conversion notices converting a total of USD 12 million in principal amount for an aggregate of 2,197,898 new ordinary shares of the Company. As a result, as of the date of this Report on Form 6-K, the outstanding number of shares has increased to 57,800,864 (including 5,000,000 non-voting earn-out shares held by Anette Schmid and Christian Schmid, which are subject to cancellation on April 30, 2027 should the share price not reach USD 15.00, in relation to 2,500,000 earn-out shares, or USD 18.00, in relation to the other 2,500,000 earn-out shares).

**Share Issuances to Anette Schmid, Christian Schmid, Christine Schmid and Schmid Grundstücke GmbH & Co KG to off-set financial liabilities**

On April 24, 2026, SCHMID Group N.V. (the "**Company**") entered into separate subscription agreements and separate set-off agreements with Anette Schmid, Christian Schmid, Christine Schmid and Schmid Grundstücke GmbH & Co KG to off-set financial liabilities in an aggregate amount of EUR 30.75 million. In connection with these agreements, the Company entered into debt assumption agreements with the Company's fully-owned subsidiary, Gebr. Schmid GmbH. Pursuant to the subscription agreements the Company has agreed, subject to the approval by a shareholders' meeting of the Company to be held on May 20, 2026, to issue and sell to Anette Schmid, Christian Schmid, Christine Schmid and Schmid Grundstücke GmbH & Co KG in private placements a number of shares of the Company determined by dividing the EUR 30.75 million by the 5-trading day volume-weighted average price (VWAP) of the Company's shares immediately preceding the approval by the board of directors' of the Company of the share issuances following the shareholders' meeting on May 20, 2026. Only in relation to EUR 2.4 million of the aggregate financial liabilities (to be set-off in relation to the financial liabilities to Christine Schmid), the share price will be determined in relation to the 5-trading day VWAP applying a 20% discount.

![](tm2612719d1_ex99-1img001.jpg)

Both the conversion of parts of the outstanding convertible notes and the conversions of the various financial liabilities will strengthen the Company's balance sheet, reduce leverage and enhance financial flexibility as well as further align key stakeholders' interest with the Company's long-term performance.

**Forward-looking Statements**

This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding the Company's preliminary first quarter 2026 results, financial outlook for fiscal year 2026, expected order intake and revenue growth, anticipated demand trends, and other statements that are not historical facts. These forward-looking statements can include statements regarding our expectations with respect to future performance and the anticipated timing of certain commercial or financing activities, expected timing and completion of the private placement and use of proceeds related thereto. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: geopolitical events, conflicts or wars, including trade wars, macroeconomic trends including changes in inflation or interest rates, or other events beyond our control on the overall economy, our business and those of our customers and suppliers, including due to supply chain disruptions and expense increases; our limited operating history as a public company; our current dependence on sales to a limited number of customers for most of our revenues; supply chain interruptions and expense increases; unexpected delays in new product introductions; our ability to expand our operations and market share in Europe and the U.S.; the effects of competition; and the risk that our technology could have undetected defects or errors. Additional risks and uncertainties that could affect our financial results are included under "Item 3. Key Information – 3.D. Risk Factors" in our annual report on Form 20-F filed with the SEC February 13, 2026, which is available on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.

**About The SCHMID Group**

The SCHMID Group is a world-leading global solutions provider for the high-tech electronic, photovoltaics, glass, and energy systems industries, with its headquarters based in Freudenstadt, Germany. Founded in 1864, today it employs approximately 700 staff members worldwide, and has technology centers and manufacturing sites in multiple locations including Germany and China, in addition to several sales and service locations globally. The Group focuses on developing customized equipment and process solutions for multiple industries including electronics, renewables, and energy storage. Our system and process solutions for the manufacture of substrates, printed circuit boards and other electrical components ensure the highest technology levels, high yields with low production costs, maximized efficiency, quality, and sustainability in green production processes.

Learn more at www.schmid-group.com