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SHIFT TECHNOLOGIES, INC. 
2020 OMNIBUS EQUITY COMPENSATION PLAN

RSU GRANT AGREEMENT

THIS AGREEMENT (this “Agreement”), effective as of April 5, 2021 (the “Date of Grant”), between Shift Technologies, Inc., a Delaware corporation (the “Company”), and Tobias Russell (“Grantee”), is made pursuant and subject to the provisions of the Company’s 2020 Omnibus Equity Compensation Plan (the “Plan”), a copy of which has been made available to the Grantee.  This Agreement is made as a modification of that certain RSU Agreement dated February 2, 2021, between the Company and Grantee (the “Original Agreement”), to reflect the grant of replacement awards that were rescinded and canceled by an amendment to the Original Agreement entered into between the Company and Grantee on the date hereof and amends and restates the version of this Agreement dated as of April 5, 2021.  All capitalized terms used herein that are not otherwise defined in this Agreement have the same meaning given to them in the Plan.

1.Award. Subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, the Company hereby grants the Grantee 1,044,272 restricted Stock Units (“RSUs”), subject to the vesting terms set forth in Section 2 below. Subject to the provisions of this Agreement and the Plan, each vested RSU represents the right to receive one (1) share of Stock. The RSUs shall apply only with respect to a whole number of shares of Stock.

2.Vesting. The RSUs shall vest based on the passage of time (“Time RSUs”). The Time RSUs shall vest in accordance with the vesting schedule below. The “Vesting Commencement Date” shall be October 13, 2020.

(a)Time RSUs.  

(i)The Time RSUs shall vest, subject to the Grantee’s continuous employment with the Company (or an Affiliate of the Company) through the applicable vesting date, as follows:
						
	92,937	Jul. 12, 2022
	190,267	Oct. 12, 2022
	95,133	Jan. 12, 2023
	95,134	Apr. 12, 2023
	95,133	Jul. 12, 2023
	95,134	Oct. 12, 2023
	95,133	Jan. 12, 2024
	95,134	Apr. 12, 2024
	95,133	Jul. 12, 2024
	95,134	Oct. 12, 2024

(ii)From and after the Vesting Commencement Date through the date on which the Time RSUs become fully vested pursuant to subparagraph (i) above, the unvested portion of the grant of Time RSUs remains subject to forfeiture in accordance with the terms of Section 3 hereof.

(j) Change of Control.  Time RSUs that are outstanding and unvested as of the date of Change of Control shall become vested immediately prior to such Change of Control.

3.    Termination of Service.  When a Grantee’s employment with the Company (or an Affiliate of the Company) terminates, any outstanding and unvested Time RSUs shall immediately terminate and become null and void. 

4.    Settlement. During the first open trading window of the Company following the end of each calendar quarter (i.e., March 31, June 30, September 30, December 31), the Company shall deliver to the Grantee one (1) share of Stock in settlement of each RSU that became vested during such calendar quarter, except that, any RSUs that vest on or before December 31, 2021, shall be settled during the first open trading window of the Company following December 31, 2021, provided that, in no event (i) will an RSU be settled later than March 15 of the year following the year in which such RSU vested, nor (ii) will the Grantee be permitted, directly or indirectly, to specify the taxable year of delivery of any RSU subject to this Agreement.

5.    Delivery of Stock. Certificates or evidence of book-entry shares representing the Stock issued upon settlement of RSUs pursuant to Section 4 of this Agreement will be delivered to or otherwise made available to the Grantee (or, at the discretion of the Grantee, joint in the names of the Grantee and the Grantee’s spouse) or to the Grantee’s nominee at such person’s request. Delivery of shares of Stock under this Agreement will comply with all applicable laws (including, the requirements of the Exchange Act), and the applicable requirements of any securities exchange or similar entity.

6.    Shareholder Rights. An RSU is not a share of Stock, and thus, the Grantee will have no rights as a stockholder with respect to the RSUs.  Dividend Equivalents shall accrue on shares underlying the RSUs awarded hereunder and such dividends will be paid to Grantee upon the vesting of such RSUs.

7.    Transferability. The RSUs subject to this Award may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered before they vest in accordance with Section 2. After such RSUs vest and are settled in accordance with Sections 2 and 4, no sale or disposition of such shares shall be made in the absence of an effective registration statement under the Exchange Act with respect to such shares unless an opinion of counsel satisfactory to the Company that such sale or disposition will not constitute a violation of the Exchange Act or any other applicable securities laws is first obtained.

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8.    Change in Capital Structure. The terms of this Agreement, including the number of shares of Stock subject to this RSU shall be adjusted as the Administrator determines is equitably required in the event the Company effects one or more stock dividends, spinoffs, recapitalizations, stock splits, combinations, exchanges or consolidations of shares or other similar changes in capitalization.

9.    Withholding.

(a)          The Grantee understands that when the RSUs are settled in accordance with Section 4, the Grantee will be obligated to recognize income, for Federal, state and local income tax purposes, as applicable, in an amount equal to the Fair Market Value of the share of Stock as of such date, and the Grantee is responsible for all tax obligations that arise in connection with the RSUs.  

(b)          Whenever shares of Stock are to be issued upon settlement of the RSUs, the Grantee shall assume sole responsibility for discharging all tax and other obligations associated therewith. The Company has no duty or obligation to minimize the tax consequences to the Grantee and will not be liable to the Grantee for any adverse tax consequences arising in connection with this Award. The Grantee agrees to indemnify the Company against any non-U.S., U.S. federal, state and local withholding taxes for which the Company may be liable in connection with the Grantee’s acquisition, ownership or disposition of any shares of Stock.

(c)    In its sole discretion, the Administrator of the Plan may permit the Grantee to satisfy the Company’s tax withholding obligation with respect to RSUs settled in Stock by having shares withheld in accordance with Section 16(b) of the Plan. The elections described in this subsection (c) must be in a form and manner prescribed by the Administrator and may be subject to the prior approval of the Administrator.

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10.    Compliance with Section 409A of the Code. It is the intention of the Company that the Award and Plan are intended either to provide compensation that is exempt from Section 409A of the Code and the rules, regulations and other authorities promulgated thereunder (including the transition rules thereof) (collectively, “Section 409A”), (by reason of being a short-term deferral) or that is nonqualified deferred compensation that is compliant in all regards with the requirements of Code Section 409A, and all provisions of this Agreement will be construed and interpreted in a manner consistent with this intent. If the Grantee is a “Specified Employee” (within the meaning set forth in Section 409A(a)(2)(B)(i) of the Code) as of the date of the Grantee’s “separation from service” (within the meaning of Treasury Regulation Section 1.409A-1(h) and without regard to any alternative definition thereunder), then the issuance of any shares of Stock that would otherwise be made upon the date of the separation from service or within the first six (6) months thereafter will not be made on the originally scheduled date(s) and will instead be issued in a lump sum on the earlier of: (i) the fifth business day following the Grantee’s death, or (ii) the date that is six (6) months and one day after the date of the separation from service, with the balance of the shares of Stock issued thereafter in accordance with the original vesting and issuance schedule set forth above, but if and only if such delay in the issuance of the shares of Stock is necessary to avoid the imposition of adverse taxation on the Grantee in respect of the shares of Stock under Section 409A. Each installment of shares of Stock that vests is intended to constitute a “separate payment” for purposes of Treasury Regulation Section 1.409A-2(b)(2).

11.    Conflicts. In the event of any conflict between the provisions of the Plan as in effect on the Date of Grant and the provisions of this Agreement, the provisions of the Plan shall govern. All references herein to the Plan mean the Plan as in effect on the date hereof.

12.    Grantee Bound by Plan. The Grantee hereby acknowledges that a copy of the Plan has been made available to him or her and agrees to be bound by all the terms and provisions thereof.

13.    Binding Effect. Subject to the limitations stated above and in the Plan, this Agreement shall be binding upon and inure to the benefit of the successors of the Grantee and any transferee of the Grantee in accordance with Section 7 and the successors of the Company.

14.    Governing Law. This Agreement shall be governed by the laws of the State of Delaware.

15.    Acceptance. The Grantee must accept the RSUs and agree to the terms and conditions of the RSUs as set forth in the Plan and this Agreement, by electronically accepting this Agreement immediately following the Date of Grant on E*Trade (or such other service as the Company may use from time to time).

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IN WITNESS WHEREOF, the Company has caused its duly authorized officer to execute this Agreement, and the Grantee has placed his or her signature hereon, effective as of the Date of Grant.

SHIFT TECHNOLOGIES, INC. 

By: /s/ George Arison                             
        Signature

Name:  George Arison                            

Title:  Co-Chief Executive Officer           

Date:  April 5, 2021                            

I hereby accept this Grant and I agree to be bound by the terms of the Plan and this Grant. I further agree that all of the decisions and interpretations of the Company with respect thereto shall be final and binding.

			
	GRANTEE:
 
 
By:   /s/ Tobias Russell                            
               Signature
 
Name:  Tobias Russell                                     
               Print Name

5Exhibit 10.16

 

EXECUTIVE EMPLOYMENT AGREEMENT

 

This Employment Agreement
(the “Agreement”), is made and entered into this 28th day of October, 2019 (the “Effective Date”),
by and between BERKSHIRE GREY, INC., a Delaware corporation (“Company”), and STEVEN JOHNSON (“Executive”).

 

WHEREAS, Company wishes
to employ Executive as its President and Chief Operating Officer;

 

WHEREAS, Executive
represents that Executive possesses the necessary skills to perform the duties of this position and that Executive has no obligation to
any other person or entity which would prevent, limit or interfere with Executive’s ability to do so; and

 

WHEREAS, Executive
and Company desire to enter into this Agreement to govern the terms of Executive’s employment as of the mutually agreed upon start
date of October 28, 2019 (the “Commencement Date”).

 

NOW, THEREFORE, in
consideration of the mutual promises, terms, provisions, and conditions contained herein, the parties agree as follows:

 

1. Roles
and Duties. Effective as of the Commencement Date and subject to the terms and conditions of this Agreement and commencing on
the Commencement Date, Company shall employ Executive as its President and Chief Operating Officer, reporting to Company’s Chief
Executive Officer (“CEO”). Executive accepts such employment upon the terms and conditions set forth herein, and agrees to
perform to the best of Executive’s ability the duties normally associated with such position and as reasonably determined by the
CEO or the Company’s Board of Directors (the “Board”) in good faith. During Executive’s employment, Executive
shall devote all of Executive’s business time and energies to the business and affairs of Company, provided that nothing
contained in this Section 1 shall prevent or limit Executive’s right to manage Executive’s personal investments on Executive’s
own personal time, including the right to make passive investments in the securities of: (a) any entity which Executive does not control,
directly or indirectly, and which does not compete with Company, or (b) any publicly held entity so long as Executive’s aggregate
direct and indirect interest does not exceed two percent (2%) of the issued and outstanding securities of any class of securities of such
publicly held entity. Executive shall not engage in other non-Company related business activities of any nature whatsoever (including
board memberships) without Company’s prior written consent, except that Executive may be involved in civic and charitable activities
so long as such activities do not interfere with Executive’s performance of Executive’s duties hereunder (including Executive’s
full devotion of business time and energies to the business and affairs of Company, as described above).

 

2. Term
of Employment.

 

(a) Term.
Subject to the terms hereof, Executive’s employment hereunder shall commence on the Commencement Date and shall continue until terminated
hereunder by either party (such term of employment referred to herein as the “Term”).

 

     

    

    

 

(b) Termination.
Notwithstanding anything else contained in this Agreement, Executive’s employment hereunder shall terminate upon the earliest to
occur of the following:

 

(i) Death.
Immediately upon Executive’s death;

 

(ii) Termination
by Company.

 

(A) If
because of Executive’s Disability (as defined in Section 2(c)), upon written notice by Company to Executive that Executive’s
employment is being terminated as a result of Executive’s Disability, which termination shall be effective on the date of such notice
or such later date as specified in writing by Company;

 

(B) If
for Cause (as defined in Section 2(d)), upon written notice by Company to Executive that Executive’s employment is being terminated
for Cause, which termination shall be effective on the date of such notice or such later date as specified in writing by Company; or

 

(C) If
by Company for one or more reasons other than Disability or Cause, upon written notice by Company to Executive that Executive’s
employment is being terminated, which termination shall be effective immediately after the date of such notice or such later date as specified
in writing by Company.

 

(iii) Termination
by Executive.

 

(A) If
for Good Reason (as defined in Section 2(e)), upon written notice by Executive to Company that Executive is terminating Executive’s
employment for Good Reason and that sets forth the factual basis supporting the alleged Good Reason, which termination shall be effective
thirty (30) days after the date of such notice; provided that if Company has cured the circumstances giving rise to the Good Reason,
then such termination shall not be effective; or

 

(B) If
without Good Reason, written notice by Executive to Company that Executive is terminating Executive’s employment, which termination
shall be effective at least thirty (30) days after the date of such notice.

 

Notwithstanding anything in
this Section 2(b), Company may at any point terminate Executive’s employment for Cause prior to the effective date of any other
termination contemplated hereunder.

 

(c) Definition
of “Disability”. For purposes of this Agreement, “Disability” means long-term disability of the Executive
that has resulted in entitlement to commencement of long-term disability benefits under the Company long-term disability policy applicable
to Executive, as determined pursuant to the provisions of such policy.

 

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(d) Definition
of “Cause”. As used herein, “Cause” shall mean: (i) Executive’s willful failure or refusal to perform
Executive’s duties, insubordination, substantial malfeasance or nonfeasance of duty that continues fifteen (15) days after written
notice from the Company; (ii) Executive’s conviction of or a plea of nolo contendere to any felony; (iii) fraud, embezzlement or
an act of material dishonesty by Executive that causes material injury to the Company; (iv) illegal misconduct or gross misconduct by
Executive in connection with the business of the Company that (A) continues fifteen (15) days after written notice from the Company or
(B) causes material injury to the Company or its prospects; or (v) Executive’s material breach of Executive’s employment,
non-disclosure, invention assignment, non-solicitation, non-competition or similar obligation of the Executive to the Company; provided
that in each case the Company terminates Executive’s employment within sixty-five (65) days from the date that Cause first occurs.
For purposes of clarification, the above-listed conditions shall apply separately to each occurrence of Cause, and failure to adhere to
such conditions in the event of Cause shall not disqualify Company from asserting Cause for any subsequent occurrence of Cause.

 

(e) Definition
of “Good Reason”. As used herein, “Good Reason” shall mean: (i) relocation of Executive’s principal
business location to a location more than twenty-five (25) miles from Executive’s then-current business location; (ii) a material
diminution in Executive’s duties, authority or responsibilities or assignment of duties inconsistent with position as President
and/or Chief Operating Officer; (iii) a material reduction in Executive’s Base Salary or Annual Performance Bonus target percentage;
or (iv) Company’s material breach of material term of this Agreement; provided that in each case (A) Executive provides Company
with written notice that Executive intends to terminate Executive’s employment hereunder for one of the grounds set forth in this
Section 2(e) within thirty (30) days of Executive’s awareness of such ground occurring, (B) if such ground is capable of being cured,
Company has failed to cure such ground within a period of sixty (60) days from the date of such written notice, and (C) Executive terminates
Executive’s employment within thirty (30) days of the expiration of Company’s cure period. For purposes of clarification,
the above-listed conditions shall apply separately to each occurrence of Good Reason and failure to adhere to such conditions in the event
of Good Reason shall not disqualify Executive from asserting Good Reason for any subsequent occurrence of Good Reason. For purposes of
this Agreement, “Good Reason” shall be interpreted in a manner, and limited to the extent necessary, so that it shall not
cause adverse tax consequences for either party with respect to Section 409A (“Section 409A”) of the Internal Revenue Code
of 1986, as amended (the “Code”), and any successor statute, regulation and guidance thereto.

 

3. Compensation.

 

(a) Base
Salary. Company shall pay Executive a base salary (the “Base Salary”) at the annual rate of Three Hundred Thousand Dollars
($300,000). The Base Salary shall be payable in substantially equal periodic installments in accordance with Company’s payroll practices
as in effect from time to time, and pro-rated for any partial pay period. Company shall deduct from each such installment all amounts
required to be deducted or withheld under applicable law or under any employee benefit plan in which Executive participates. The Board
or an appropriate committee thereof shall review the Base Salary on an annual basis for increase, which shall be at the sole discretion
of the Board

 

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(b) Annual
Performance Bonus. Executive shall be eligible to receive an annual cash bonus (the “Annual Performance Bonus”), with
the initial target amount of such Annual Performance Bonus equal to fifty percent (50%) of Executive’s Base Salary in the year to
which the Annual Performance Bonus relates (which percentage target may be increased, but not decreased, by the Company in its sole discretion),
pro-rated for any partial year of service; provided that (A) the actual amount of the Annual Performance Bonus may be greater or
less than such target amount and (B) the amount of the Annual Performance Bonus, if any, shall be determined by the Board or an appropriate
committee thereof in its sole discretion, and shall be paid to Executive no later than March 15th of the calendar year immediately
following the calendar year in which it was earned. Except as provided in Sections 4(c)(iii) or 4(d)(ii) below, Executive must be employed
by Company on the date on which the Annual Performance Bonus is paid in order to be eligible for, and to be deemed as having earned, such
Annual Performance Bonus. Company shall deduct from the Annual Performance Bonus all amounts required to be deducted or withheld under
applicable law or under any employee benefit plan in which Executive participates.

 

(c) Equity.
Subject to approval of the Board or an appropriate committee thereof, Company shall, on the Commencement Date or as soon as practicable
thereafter, grant and/or issue Executive equity incentives covering an aggregate of One Million, One Hundred and Ninety One Thousand and
Eight Hundred and Seventy-Two (1,191,872) shares of common stock of the Company (the “Shares”), constituting three percent
(3%) of the Company’s fully diluted equity pro forma for the closing of the Second Tranche issuance of the Company’s Series
B-2 Preferred Stock, in each case pursuant to the terms of the Company’s 2013 Stock Option and Purchase Plan (the “Plan”),
as follows: Executive shall purchase the Shares at a per share purchase price equal to the Fair Market Value of the Company’s common
stock on the date of grant, pursuant to the Company’s standard form of restricted stock purchase agreement, and payable by delivery
of (i) a Partial Recourse Secured Promissory Note substantially in the form of Exhibit A hereto, in the amount equal to the aggregate
purchase price for such Shares and (ii) a Pledge Agreement substantially in the form of Exhibit B hereto, pursuant to which all
such Shares are pledged to secure such promissory note.

 

The Shares shall vest as follows,
provided that in each case Executive must remain employed by Company on the vesting date, except as otherwise set forth herein or in the
Plan:

 

(A) fifty percent
(50%) of all such Shares, or 595,936 Shares (the “Time Based Shares”), shall vest as follows: twenty five percent (25%), or
148,984, of the Time Based Shares shall vest on the first (1st) anniversary of the Commencement Date (the “First Vesting
Date”), and thereafter, on the last day of each full succeeding one (1) month period for the three (3) years following such First
Vesting Date, an additional 2.0833%, or 12,415.3333 of the Time Based Shares shall vest, until one hundred percent (100%) of the Time
Based Shares are vested; and

 

(B) fifty percent
(50%) of all such Shares, or 595,936 Shares (the “Performance Shares”), shall vest upon the occurrence of the following milestones:

 

		1)	33.33% of the Performance Shares, or 198,645.3333 Performance Shares, shall vest upon the Company’s
hiring of 2 or more general managers and its booking of unconditional orders of at least $100 million;

 

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		2)	33.33% of the Performance Shares, or 198,645.3333 Performance Shares, shall vest upon the Company achieving
LTM (last twelve months) revenue of at least $100 million; and

 

		3)	33.33% of the Performance Shares, or 198,645.3333 Performance Shares, shall 0.5% upon the Company achieving
LTM (last twelve months) revenue of at least $250 million.

			

 

For clarity, should the Company achieve milestones
2) and 3) in the same 12-month period, or in two separate periods where one or more of such 12 months overlap, Executive’s Performance
Shares shall vested under both milestone 2) and 3).

 

(d) Paid
Time Off.  Executive may take unlimited paid time off each year, scheduled in a manner so as to minimize disruption to the Company’s
operations, in each case as approved in advance by the CEO.

 

(e) Fringe
Benefits. Executive shall be entitled to participate in all benefit/welfare plans and fringe benefits provided to Company senior executives.
Executive understands that, except when prohibited by applicable law, Company’s benefit plans and fringe benefits may be amended
by Company from time to time in its sole discretion.

 

(f) Corporate
Apartment. The Company shall source and pay for a furnished corporate apartment within reasonable proximity to the Company’s
offices, and shall pay the reasonable utility costs associated with such corporate apartment.

 

(g) Reimbursement
of Expenses. Company shall reimburse Executive for all ordinary and reasonable out-of-pocket business expenses incurred by Executive
in furtherance of Company’s business in accordance with Company’s policies with respect thereto as in effect from time to
time. Executive must submit any request for reimbursement no later than ninety (90) days following the date that such business expense
is incurred. All reimbursements provided under this Agreement shall be made or provided in accordance with the requirements of Section
409A including, where applicable, the requirement that (i) any reimbursement is for expenses incurred during Executive’s lifetime
(or during a shorter period of time specified in this Agreement); (ii) the amount of expenses eligible for reimbursement during a calendar
year may not affect the expenses eligible for reimbursement in any other calendar year; (iii) the reimbursement of an eligible expense
shall be made no later than the last day of the calendar year following the year in which the expense is incurred; and (iv) the right
to reimbursement or in kind benefits is not subject to liquidation or exchange for another benefit. In addition, the Company shall reimburse
up to $10,000 of Executive’s reasonable attorneys’ fees incurred in connection with the negotiation of this Agreement.

 

(h) Indemnification.
Executive shall be entitled to indemnification with respect to Executive’s services provided hereunder pursuant to Delaware law,
the terms and conditions of Company’s certificate of incorporation and/or by-laws, Company’s directors and officers (“D&O”)
liability insurance policy, and Company’s standard indemnification agreement for directors and officers as executed by Company and
Executive.

 

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4. Payments
upon Termination.

 

(a) Definition
of Accrued Obligations. For purposes of this Agreement, “Accrued Obligations” means: (i) the portion of Executive’s
Base Salary that has accrued prior to any termination of Executive’s employment with Company and has not yet been paid; and (ii)
the amount of any expenses properly incurred by Executive on behalf of Company prior to any such termination and not yet reimbursed. Executive’s
entitlement to any other compensation or benefit under any plan of Company shall be governed by and determined in accordance with the
terms of such plans, except as otherwise specified in this Agreement.

 

(b) Termination
by Company for Cause, by Executive without Good Reason, or as a Result of Executive’s Disability or Death. If Executive’s
employment hereunder is terminated by Company for Cause, by Executive without Good Reason, or as a result of Executive’s Disability
or death, then Company shall pay the Accrued Obligations to Executive promptly following the effective date of such termination and shall
have no further obligations to Executive.

 

(c) Termination
by Company without Cause or by Executive for Good Reason. In the event that Executive’s employment is terminated by action of
Company other than for Cause, or Executive terminates Executive’s employment for Good Reason (and, solely with respect to subsection
(iii)(A) below concerning Executive’s prior year bonus, as a result of Executive’s Disability or death), then, in addition
to the Accrued Obligations, Executive shall receive the following, subject to the terms and conditions of Section 4(e) (including Executive’s
execution of the Release):

 

(i) Severance
Payments. Payment in an amount equal to Executive’s then-current Base Salary for a twelve (12) month period, less all customary
and required taxes and employment-related deductions, paid in equal installments commencing on the first payroll date following the date
on which the separation agreement under Section 4(e) becomes effective and non-revocable; provided that such payment shall be made
within seventy (70) days following the effective date of termination from employment, and further provided that if the 70th day
falls in the calendar year following the year during which the termination or separation from service occurred, then the payments will
commence in such subsequent calendar year, and further provided that if such payments commence in such subsequent year, the first
such payment shall be a lump sum in an amount equal to the payments that would have come due since Employee’s separation from service.

 

(ii) Benefits
Payments. Upon completion of appropriate forms and subject to applicable terms and conditions under the Consolidated Omnibus Budget
Reconciliation Act of 1985, as amended (“COBRA”), Company shall continue to provide Executive medical insurance coverage at
no cost to Executive to the same extent that such insurance continues to be provided to similarly situated executives at the time of Executive’s
termination, until the earlier to occur of twelve (12) months following Executive’s termination date or the date Executive becomes
eligible for commencement of comparable benefits with a subsequent employer. Executive shall bear responsibility for applying for COBRA
continuation coverage. Company shall have no obligation to provide Executive such coverage if Executive fails to elect COBRA benefits
in a timely fashion.

 

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(iii) Prior
Year Bonus; Severance Bonus.

 

		(A)	If Executive’s termination occurs after December 31 of the preceding year but prior to payment of
the bonus with respect to such year, and the Board or an appropriate committee thereof determines to pay bonuses to C-level executives
generally at a discretionary percentage based in part on the achievement of corporate goals for such year, the Company shall pay Executive
a severance bonus in an amount equal to such discretionary percentage of Executive’s target Annual Performance Bonus for such year,
less customary and required taxes and employment-related deductions, such payment to be paid at the same time as bonuses paid to other
C-level executives; and

 

		(B)	If, with respect to the year in which Executive’s employment is terminated, the Board or an appropriate
committee thereof determines to pay bonuses to C-level executives at a discretionary percentage based in part on the achievement of corporate
goals for such year, the Company shall pay a severance bonus in an amount equal to such discretionary percentage of Executive’s
target Annual Performance Bonus for such year, prorated for the period of time worked by Executive, less
customary and required taxes and employment-related deductions. Such payment under this clause (B) shall be subject to approval
by the Board or an appropriate committee thereof for C-level executives generally at the end of the year and shall be paid at the same
time as bonuses paid to other C-level executives.

 

(iv)  Partial
Equity Acceleration. The vesting of Executive’s Time Based Shares, and any other time-based equity incentives granted to the
Executed, shall be accelerated to a date that is six (6) months following the date of Executive’s termination of employment; provided
that if Executive’s termination occurs prior to the six (6) month anniversary of the Commencement Date, the vesting of Executive’s
Time Based Shares shall be to the first anniversary of the Commencement Date.

 

(d) Termination
by Company without Cause or by Executive for Good Reason Following a Change of Control. In the event that a Change of Control (as
defined below) occurs, and within a period of three (3) months prior to and six (6) months following the Change of Control either Executive’s
employment is terminated other than for Cause, or Executive terminates Executive’s employment for Good Reason (and, solely with
respect to subsection (ii)(A) below concerning Executive’s prior year bonus, as a result of Executive’s Disability or death),
then, in addition to the Accrued Obligations, Executive shall receive the following, subject to the terms and conditions in Section 4(e)
(including Executive’s execution of the Release):

 

(i) Severance
Payments. Payment in one lump sum of an amount equal to Executive’s then-current Base Salary for a twelve (12) month period,
less customary and required taxes and employment-related deductions, such lump sum to be paid on the first payroll date following the
date on which the separation agreement under Section 4(e) becomes effective and non-revocable; provided that such payment shall
be made within seventy (70) days following the effective date of termination from employment.

 

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(ii) Prior
Year Bonus; Severance Bonus.

 

		(A)	If Executive’s termination occurs after December 31 of the preceding year but prior to payment of
the bonus with respect to such year, and the Board or an appropriate committee thereof determines to pay bonuses to C-level executives
generally at a discretionary percentage based in part on the achievement of corporate goals for such year, the Company shall pay Executive
a severance bonus in an amount equal to such discretionary percentage of Executive’s target Annual Performance Bonus for such year,
less customary and required taxes and employment-related deductions, such payment to be paid at the same time as bonuses paid to other
C-level executives; and

 

		(B)	With respect to the year in which Executive’s employment is terminated, the Company shall pay a
severance bonus in an amount equal to 100% of Executive’s target Annual Performance Bonus for such year, less
customary and required taxes and employment-related deductions. Such payment under this clause (B) shall be paid on the first payroll
date following the date on which the separation agreement under Section 4(e) becomes effective and non-revocable; provided that
such payment shall be made within seventy (70) days following the effective date of termination from employment.

 

(iii) Equity
Acceleration. On the date of termination of Executive’s employment, Executive shall become fully vested in any and all equity
awards outstanding as of the date of Executive’s termination.

 

(iv) Benefits
Payments. Upon completion of appropriate forms and subject to applicable terms and conditions under COBRA, Company shall continue
to provide Executive medical insurance coverage at no cost to Executive to the same extent that such insurance continues to be provided
to similarly situated executives at the time of Executive’s termination, until the earlier to occur of twelve (12) months following
Executive’s termination date or the date Executive becomes eligible for commencement of comparable benefits from a subsequent employer.
Executive shall bear full responsibility for applying for COBRA continuation coverage. Company shall have no obligation to provide Executive
such coverage if Executive fails to elect COBRA benefits in a timely fashion.

 

As used herein, a “Change
of Control” shall mean the occurrence of any of the following events:

 

(i) 
Ownership. Any “Person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of
1934, as amended) becomes the “Beneficial Owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities
of Company representing fifty percent (50%) or more of the total voting power represented by Company’s then outstanding voting securities
(excluding for this purpose any such voting securities held by Company, or any affiliate, parent or subsidiary of Company, or by any employee
benefit plan of Company) pursuant to a transaction or a series of related transactions; or

 

    8 

    

    

 

 

(ii) 
Merger/Sale of Assets. (A) A merger or consolidation of Company whether or not approved by the Board, other than a merger or consolidation
which would result in the voting securities of Company outstanding immediately prior thereto continuing to represent (either by remaining
outstanding or by being converted into voting securities of the surviving entity or the parent of such corporation) at least fifty percent
(50%) of the total voting power represented by the voting securities of Company or such surviving entity or parent of such corporation,
as the case may be, outstanding immediately after such merger or consolidation; or (B) the Company’s stockholders approve an agreement
for the sale or disposition by Company of all or substantially all of Company’s assets.

 
 

The severance payments and
benefits described in Section 4(c) and 4(d) shall be in lieu of, and not in addition to, each other. Accordingly, in the event
that Executive is eligible for the severance payments and benefits under Section 4(d), Executive shall not be eligible for the severance
payments and benefits under Section 4(c) (and vice versa).

 

(e) Execution
of Separation Agreement. Company shall not be obligated to pay Executive any of the severance payments, bonus, benefits or accelerated
equity described in this Section 4 unless and until Executive has executed (without revocation) a timely separation agreement in substantially
the form attached at Exhibit C hereto, which shall be provided to Executive within ten (10) days following separation from service,
and signed by Executive and returned to Company no later than the time period set forth in such separation agreement.

 

(f) COBRA.
If the payment of any COBRA or health insurance premiums by Company on behalf of Executive as described herein would otherwise violate
any applicable nondiscrimination rules or cause the reimbursement of claims to be taxable under the Patient Protection and Affordable
Care Act of 2010, together with the Health Care and Education Reconciliation Act of 2010 (collectively, the “Act”) or Section
105(h) of the Code, the COBRA premiums paid by Company shall be treated as taxable payments (subject to customary and required taxes and
employment-related deductions) and be subject to imputed income tax treatment to the extent necessary to eliminate any discriminatory
treatment or taxation under the Act or Section 105(h) of the Code. If Company determines in its sole discretion that it cannot provide
the COBRA benefits described herein under Company’s health insurance plan without potentially violating applicable law (including,
without limitation, Section 2716 of the Public Health Service Act), Company shall in lieu thereof provide to Executive a taxable lump-sum
payment in an amount equal to the sum of the monthly (or then remaining) COBRA premiums that Executive would be required to pay to maintain
Executive’s group health insurance coverage in effect on the separation date for the remaining portion of the period for which Executive
shall receive the payments described in Sections 4(b) or 4(c) above.

 

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(g) No
Other Payments or Benefits Owing. The payments and benefits set forth in this Section 4 shall be the sole amounts owing to Executive
upon termination of Executive’s employment for the reasons set forth above and Executive shall not be eligible for any other payments
or other forms of compensation or benefits. The payments and benefits set forth in Section 4 shall be the sole remedy, if any, available
to Executive in the event that Executive brings any claims against Company relating to the termination of Executive’s employment
under this Agreement.

 

5. Prohibited
Competition And Solicitation. Executive expressly acknowledges that: (a) there are competitive and proprietary aspects of the
business of Company; (b) during the course of Executive’s employment, Company shall furnish, disclose or make available to Executive
confidential and proprietary information and may provide Executive with unique and specialized training; (c) such Confidential Information
and training have been developed and shall be developed by Company through the expenditure of substantial time, effort and money, and
could be used by Executive to compete with Company; and (d) in the course of Executive’s employment, Executive shall be introduced
to customers and others with important relationships to Company, and any and all “goodwill” created through such introductions
belongs exclusively to Company, including, but not limited to, any goodwill created as a result of direct or indirect contacts or relationships
between Executive and any customers of Company. In light of the foregoing acknowledgements and as a condition of employment hereunder,
Executive agrees to execute and abide by Company’s Non-Competition, Non-Solicitation, Non-Disclosure and Intellectual Property Agreement.

 

6. Property
and Records. Upon the termination of Executive’s employment hereunder, or if Company otherwise requests, Executive shall:
(a) return to Company all tangible business information and copies thereof (regardless how such Confidential Information or copies are
maintained) in his possession, and (b) deliver to Company any property of Company which may be in Executive’s possession, including,
but not limited to, cell phones, smart phones, laptops, products, materials, memoranda, notes, records, reports or other documents or
photocopies of the same.

 

7. Code
Sections 409A and 280G. 

 

(a) In
the event that the payments or benefits set forth in Section 4 of this Agreement constitute “non-qualified deferred compensation”
subject to Section 409A, then the following conditions apply to such payments or benefits:

 

(i) Any
termination of Executive’s employment triggering payment of benefits under Section 4 must constitute a “separation from service”
under Section 409A(a)(2)(A)(i) of the Code and Treas. Reg. §1.409A-1(h) before distribution of such benefits can commence. To the
extent that the termination of Executive’s employment does not constitute a separation of service under Section 409A(a)(2)(A)(i)
of the Code and Treas. Reg. §1.409A-1(h) (as the result of further services that are reasonably anticipated to be provided by Executive
to Company at the time Executive’s employment terminates), any such payments under Section 4 that constitute deferred compensation
under Section 409A shall be delayed until after the date of a subsequent event constituting a separation of service under Section 409A(a)(2)(A)(i)
of the Code and Treas. Reg. §1.409A-1(h). For purposes of clarification, this Section 7(a) shall not cause any forfeiture of benefits
on Executive’s part, but shall only act as a delay until such time as a “separation from service” occurs.

 

    10 

    

    

 

(ii) Notwithstanding
any other provision with respect to the timing of payments under Section 4 if, at the time of Executive’s termination, Executive
is deemed to be a “specified employee” of Company (within the meaning of Section 409A(a)(2)(B)(i) of the Code), then limited
only to the extent necessary to comply with the requirements of Section 409A, any payments to which Executive may become entitled under
Section 4 which are subject to Section 409A (and not otherwise exempt from its application) shall be withheld until the first (1st)
business day of the seventh (7th) month following the termination of Executive’s employment, at which time Executive
shall be paid an aggregate amount equal to the accumulated, but unpaid, payments otherwise due to Executive under the terms of Section
4.

 

(b) It
is intended that each installment of the payments and benefits provided under Section 4 of this Agreement shall be treated as a separate
“payment” for purposes of Section 409A. Neither Company nor Executive shall have the right to accelerate or defer the delivery
of any such payments or benefits except to the extent specifically permitted or required by Section 409A.

 

(c) Notwithstanding
any other provision of this Agreement to the contrary, this Agreement shall be interpreted and at all times administered in a manner that
avoids the inclusion of compensation in income under Section 409A, or the payment of increased taxes, excise taxes or other penalties
under Section 409A. The parties intend this Agreement to be in compliance with Section 409A. Executive acknowledges and agrees that Company
does not guarantee the tax treatment or tax consequences associated with any payment or benefit arising under this Agreement, including
but not limited to consequences related to Section 409A.

 

(d) If
any payment or benefit Executive would receive under this Agreement, when combined with any other payment or benefit Executive receives
pursuant to a Change of Control (for purposes of this section, a “Payment”) would: (i) constitute a “parachute payment”
within the meaning of Section 280G the Code; and (ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the
Code (the “Excise Tax”), then such Payment shall be either: (A) the full amount of such Payment; or (B) such lesser amount
(with cash payments being reduced before stock option compensation) as would result in no portion of the Payment being subject to the
Excise Tax, whichever of the foregoing amounts, taking into account the applicable federal, state and local employments taxes, income
taxes and the Excise Tax, results in Executive’s receipt, on an after-tax basis, of the greater amount of the Payment notwithstanding
that all or some portion of the Payment may be subject to the Excise Tax.

 

8. General.

 

(a) Notices.
Except as otherwise specifically provided herein, any notice required or permitted by this Agreement shall be in writing and shall be
delivered as follows with notice deemed given as indicated: (i) by personal delivery when delivered personally; (ii) by overnight courier
upon written verification of receipt; (iii) by telecopy or facsimile transmission upon acknowledgment of receipt of electronic transmission;
or (iv) by certified or registered mail, return receipt requested, upon verification of receipt.

 

		·	Notices to Executive shall be sent to:

 

The last known address in Company’s
records or such other address as Executive may specify in writing.

 

    11 

    

    

 

		·	Notices to Company shall be sent to:

 

Berkshire Grey, Inc.

10 Maguire Rd

Lexington, MA 02421

Attn: Chief Executive Officer

 

or to such other Company representative
as Company may specify in writing, with a copy to:

 

Mintz, Levin, Cohn, Ferris, Glovsky
and Popeo, P.C.

One Financial Center

Boston, MA 02111

Attn: Lewis J. Geffen

 

(b) Modifications;
Amendments; Waivers; Consents. The terms and provisions of this Agreement may be modified or amended only by written agreement executed
by the parties hereto. The terms and provisions of this Agreement may be waived, or consent for the departure therefrom granted, only
by written document executed by the party entitled to the benefits of such terms or provisions. No such waiver or consent shall be deemed
to be or shall constitute a waiver or consent with respect to any other terms or provisions of this Agreement, whether or not similar.
Each such waiver or consent shall be effective only in the specific instance and for the purpose for which it was given, and shall not
constitute a continuing waiver or consent.

 

(c) Assignment.
Company may assign its rights and obligations hereunder to any person or entity that succeeds to all or substantially all of Company’s
business or that aspect of Company’s business in which Executive is principally involved. Executive may not assign Executive’s
rights and obligations under this Agreement without the prior written consent of Company.

 

(d) Governing
Law; Jurisdiction; Venue. This Agreement shall be governed by and construed in accordance with the substantive laws of the Commonwealth
of Massachusetts, without giving effect to any choice or conflict of law provision or rule. Any legal action permitted by this Agreement
to enforce an award or for a claimed breach shall be governed by the laws of the Commonwealth of Massachusetts and shall be commenced
and maintained solely in any state or federal court located in the Commonwealth of Massachusetts, and both parties hereby submit to the
jurisdiction and venue of any such court.

 

    12 

    

    

  

(e) Jury
Waiver. ANY ACTION, DEMAND, CLAIM, OR COUNTERCLAIM ARISING UNDER OR RELATING TO THIS AGREEMENT SHALL BE RESOLVED BY A JUDGE ALONE
AND EACH OF COMPANY AND EXECUTIVE WAIVES ANY RIGHT TO A JURY TRIAL THEREOF.

 

(f) Headings
and Captions. The headings and captions of the various subdivisions of this Agreement are for convenience of reference only and shall
in no way modify or affect the meaning or construction of any of the terms or provisions hereof.

 

(g) Entire
Agreement. This Agreement, together with the other agreements specifically referenced herein, embodies the entire agreement and understanding
between the parties hereto with respect to the subject matter hereof and supersedes all prior oral or written agreements and understandings
relating to the subject matter hereof. No statement, representation, warranty, covenant or agreement of any kind not expressly set forth
in this Agreement shall affect, or be used to interpret, change or restrict, the express terms and provisions of this Agreement.

 

(h) Counterparts.
This Agreement may be executed in two or more counterparts, and by different parties hereto on separate counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the same instrument. For all purposes a signature by fax shall
be treated as an original.

 

 

[Signature Page to Follow]

 

    13 

    

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Agreement as of the date first written above.

 	STEVEN JOHNSON	 	BERKSHIRE GREY, INC.
	 	 	 	 
	/s/ Steven Johnson	 	By: 	/s/ Thomas Wagner
	Signature	 	 	Name: Thomas Wagner
	Address: 206 W Cundys Point Road 	 	 	Title:  President and CEO
	Harpswell, ME 04079

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