Document:

Exhibit 10.1

 

VOTING
AGREEMENT

 

This
Voting Agreement (this “Agreement”) is made as of [●]
2017 by and among (i) Atlantic Alliance Partnership Corp., a British Virgin Islands business company with limited liability
(including any successor entity thereto, the “Company”), (ii) Kalyx Development Inc., a Maryland corporation,
(“Kalyx”), and (iii) the undersigned shareholder (“Holder”) of Kalyx. Any capitalized term
used but not defined in this Agreement will have the meaning ascribed to such term in the Merger Agreement (as defined below).

 

WHEREAS,
on or about the date hereof, the Company and Kalyx, have entered into that certain Merger Agreement, dated as of the date hereof
(as amended from time to time in accordance with the terms thereof, the “Merger Agreement”), pursuant to which
Kalyx will merge with and into the Company, with the Company continuing as the surviving entity (the “Merger”),
and as a result of which, among other matters, (i) all of the issued and outstanding capital stock of Kalyx as of the Effective
Time shall no longer be outstanding and shall automatically be cancelled and shall cease to exist, in exchange for the right to
receive the Merger Consideration as set forth in the Merger Agreement, and (ii) Kalyx’s outstanding warrants shall be assumed
by the Company, with certain warrants being amended in accordance with the terms set out in the Merger Agreement, all upon the
terms and subject to the conditions set forth in the Merger Agreement and in accordance with the applicable provisions of the
Maryland General Corporation Law, as amended;

 

WHEREAS,
the Board of Directors of Kalyx has (a) approved and declared advisable the Merger Agreement, the Ancillary Documents, the Merger
and the other transactions contemplated by any such documents (collectively, the “Transactions”), (b) determined
that the Transactions are fair to and in the best interests of Kalyx and its shareholders (the “Kalyx Shareholders”)
and (c) recommended the approval and the adoption by each of Kalyx Shareholders of the Merger Agreement, the Ancillary Documents,
the Merger and the other Transactions;

 

WHEREAS,
as a condition to the willingness of the Company to enter into the Merger Agreement, and as an inducement and in consideration
therefor, and in view of the valuable consideration to be received by the Holder thereunder, and the expenses and efforts to be
undertaken by the Company and Kalyx to consummate the Transactions, the Company, Kalyx and the Holder desire to enter into this
Agreement in order for the Holder to provide certain assurances to the Company regarding the manner in which the Holder is bound
hereunder to vote any shares of capital stock of Kalyx which the Holder beneficially owns, holds or otherwise has voting power
(the “Shares”) during the period from and including the date hereof through and including the date on which
this Agreement is terminated in accordance with its terms (the “Voting Period”) with respect to the Merger
Agreement, the Merger, the Ancillary Documents and the Transactions.

 

    	1

    	 

    

 

NOW,
THEREFORE, in consideration of the premises set forth above, which are incorporated in this Agreement as if fully set forth
below, and intending to be legally bound hereby, the parties hereby agree as follows:

 

1.            
Covenant to Vote in Favor of Transactions. The Holder agrees, with respect to all of the Shares:

 

(a)                  
during the Voting Period, at each meeting of Kalyx Shareholders or any class or series thereof, and in each written consent or
resolutions of any of Kalyx Shareholders in which Holder is entitled to vote or consent, Holder hereby unconditionally and irrevocably
agrees to be present for such meeting and vote (in person or by proxy), or consent to any action by written consent or resolution
with respect to, as applicable, the Shares (i) in favor of, and adopt, the Merger, the Merger Agreement, the Ancillary Documents,
any amendments to the Kalyx Organizational Documents (as defined below), and all of the other Transactions (and any actions required
in furtherance thereof), (ii) in favor of the other matters set forth in the Merger Agreement and the Kalyx Shareholder Approval,
and (iii) to vote the Shares in opposition to: (A) any Acquisition Proposal and any and all other proposals for the acquisition
of Kalyx, that could reasonably be expected to delay or impair the ability of Kalyx to consummate the Merger, the Merger Agreement
or any of the Transactions, or which are in competition with or materially inconsistent with the Merger Agreement or the Ancillary
Documents; (B) other than as contemplated by the Merger Agreement, any material change in (x) the present capitalization of Kalyx
or any amendment of the Kalyx Organizational Documents or (y) Kalyx’s corporate structure or business; or (C) any other
action or proposal involving Kalyx or any of its Subsidiaries that is intended, or would reasonably be expected, to prevent, impede,
interfere with, delay, postpone or adversely affect in any material respect the Transactions or would reasonably be expected to
result in any of the conditions to Kalyx’s obligations under the Merger Agreement not being fulfilled;

 

(b)                 
to execute and deliver all related documentation and take such other action in support of the Merger, the Merger Agreement, any
Ancillary Documents and any of the Transactions as shall reasonably be requested by Kalyx or Company in order to carry out the
terms and provision of this Section 1, including, without limitation, (i) delivery of the Holder’s Shareholder’s
Certificate to the Company, and any similar or related documents and such other documents as may be reasonably requested by the
Company, (ii) any actions by written consent of the Kalyx Shareholders presented to the Holder, (vi) any applicable Ancillary
Documents (including the Lock-Up Agreement and the Non-Competition Agreement), customary instruments of conveyance and transfer,
and any consent, waiver, governmental filing, and any similar or related documents;

 

(c)                  
not to deposit, and to cause their Affiliates not to deposit, except as provided in this Agreement, any Shares owned by the Holder
or his/her/its Affiliates in a voting trust or subject any Shares to any arrangement or agreement with respect to the voting of
such Shares, unless specifically requested to do so by Company in connection with the Merger Agreement, the Ancillary Documents
and any of the Transactions;

 

(d)                 
except as contemplated by the Merger Agreement or the Ancillary Documents, make, or in any manner participate in, directly or
indirectly, a “solicitation” of “proxies” or consents (as such terms are used in the rules of the SEC)
or powers of attorney or similar rights to vote, or seek to advise or influence any Person with respect to the voting of, any
shares of Kalyx capital stock in connection with any vote or other action with respect to the Transactions, other than to recommend
that stockholders of Kalyx vote in favor of adoption of the Merger Agreement and the Transactions and any other proposal the approval
of which is a condition to the obligations of the parties under the Merger Agreement (and any actions required in furtherance
thereof and otherwise as expressly provided by Section 1 of this Agreement); and

 

(e)                  
to refrain from exercising any dissenters’ rights or rights of appraisal under applicable law at any time with respect to
the Merger, the Merger Agreement, the Ancillary Documents and any of the Transactions, including pursuant to the MGCL.

 

    	2

    	 

    

 

2.            
Other Covenants. 

 

(a)               
No Transfers. Holder agrees that during the Voting Period it shall not, and shall cause its Affiliates not to, without
Company’s prior written consent, (A) offer for sale, sell (including short sales), transfer, tender, pledge, encumber, assign
or otherwise dispose of (including by gift) (collectively, a “Transfer”), or enter into any contract, option,
derivative, hedging or other agreement or arrangement or understanding (including any profit-sharing arrangement) with respect
to, or consent to, a Transfer of, any or all of the Shares; (B) grant any proxies or powers of attorney with respect to any or
all of the Shares; (C) permit to exist any lien of any nature whatsoever (other than those imposed by this Agreement, applicable
securities Laws or the Kalyx Charter or Kalyx bylaws (the “Kalyx Organizational Documents”), as in effect on
the date hereof) with respect to any or all of the Shares; or (D) take any action that would have the effect of preventing, impeding,
interfering with or adversely affecting Holder’s ability to perform its obligations under this Agreement. Kalyx hereby agrees
that it shall not permit any Transfer of the Shares in violation of this Agreement. Holder agrees with, and covenants to, Company
that Holder shall not request that Kalyx register the Transfer (book-entry or otherwise) of any certificate or uncertificated
interest representing any Shares during the term of this Agreement without the prior written consent of Company, and Kalyx hereby
agrees that it shall not effect any such Transfer.

 

(b)               
Changes to Shares. In the event of a stock dividend or distribution, or any change in the shares of capital stock of Kalyx
by reason of any stock dividend or distribution, split-up, recapitalization, combination, conversion, exchange of shares or the
like, the term “Shares” shall be deemed to refer to and include the Shares as well as all such stock dividends and
distributions and any securities into which or for which any or all of the Shares may be changed or exchanged or which are received
in such transaction. Holder agrees during the Voting Period to notify the Company promptly in writing of the number and type of
any additional Shares acquired by Holder, if any, after the date hereof.

 

(c)                
Compliance with Merger Agreement. Holder agrees to not during the Voting Period take or agree or commit to take any action
that would make any representation and warranty of Holder contained in this Agreement inaccurate in any material respect. Holder
further agrees that it shall use its commercially reasonable efforts to cooperate with the Company to effect the Merger, all other
Transactions, the Merger Agreement, the Ancillary Documents and the provisions of this Agreement. During the Voting Period, Holder
shall not authorize or permit any of its Representatives to, directly or indirectly, take any action that Kalyx is prohibited
from taking pursuant to Section 6.5 of the Merger Agreement.

 

(d)                
Registration Statement. During the Voting Period, Holder agrees to provide to the Company and its Representatives any information
regarding Holder or the Shares that is reasonably requested by Company or its Representatives for inclusion in the Registration
Statement.

 

(e)                
Publicity. Holder shall not issue any press release or otherwise make any public statements with respect to the transactions
contemplated herein without the prior written approval of Kalyx and Company (not to be unreasonably withheld, conditioned or delayed).
Holder hereby authorizes Kalyx and Company to publish and disclose in any announcement or disclosure required by the SEC, Nasdaq
(or, if applicable, the New York Stock Exchange or the NYSE MKT) or the Registration Statement (including all documents and schedules
filed with the SEC in connection with the foregoing), Holder’s identity and ownership of the Shares and the nature of Holder’s
commitments and agreements under this Agreement, the Merger Agreement and any other Ancillary Documents.

 

3.            
Representations and Warranties of Holder. Holder hereby represents and warrants to Company as follows:

 

(a)                
Binding Agreement. Holder (i) if a natural person, is of legal age to execute this Agreement and is legally competent to
do so and (ii) if not a natural person, is (A) a corporation, limited liability company, company or partnership duly organized
and validly existing under the laws of the jurisdiction of its organization and (B) has all necessary power and authority to execute
and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. If Holder
is not a natural person, the execution and delivery of this Agreement, the performance of its obligations hereunder and the consummation
of the transactions contemplated hereby by Holder has been duly authorized by all necessary corporate, limited liability or partnership
action on the part of Holder, as applicable. This Agreement, assuming due authorization, execution and delivery hereof by the
other parties hereto, constitutes a legal, valid and binding obligation of Holder, enforceable against Holder in accordance with
its terms (except as such enforceability may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium
and other similar laws of general applicability relating to or affecting creditor’s rights, and to general equitable principles).
Holder understands and acknowledges that the Company is entering into the Merger Agreement in reliance upon the execution and
delivery of this Agreement by Holder.

 

    	3

    	 

    

 

(b)                 
Ownership of Shares. As of the date hereof, Holder has beneficial ownership over the type and number of the Shares set
forth under Holder’s name on the signature page hereto, is the lawful owner of such Shares, has the sole power to vote or
cause to be voted such Shares, and has good and valid title to such Shares, free and clear of any and all pledges, mortgages,
encumbrances, charges, proxies, voting agreements, liens, adverse claims, options, security interests and demands of any nature
or kind whatsoever, other than those imposed by this Agreement, applicable securities Laws or the Kalyx Organizational Documents,
as in effect on the date hereof. There are no claims for finder’s fees or brokerage commission or other like payments in
connection with this Agreement or the transactions contemplated hereby payable by Holder pursuant to arrangements made by such
Holder. Except for the Shares set forth under Holder’s name on the signature page hereto, as of the date of this Agreement,
Holder is not a beneficial owner or record holder of any: (i) equity securities of Kalyx, (ii) securities of Kalyx having the
right to vote on any matters on which the holders of equity securities of Kalyx may vote or which are convertible into or exchangeable
for, at any time, equity securities of Kalyx, or (iii) options, warrants or other rights to acquire from Kalyx any equity securities
or securities convertible into or exchangeable for equity securities of Kalyx.

 

(c)                  
No Conflicts. No filing with, or notification to, any Governmental Authority, and no consent, approval, authorization or
permit of any other person is necessary for the execution of this Agreement by Holder, the performance of its obligations hereunder
or the consummation by it of the transactions contemplated hereby. None of the execution and delivery of this Agreement by Holder,
the performance of its obligations hereunder or the consummation by it of the transactions contemplated hereby shall (i) conflict
with or result in any breach of the certificate of incorporation, bylaws or other comparable organizational documents of Holder,
if applicable, (ii) result in, or give rise to, a violation or breach of or a default under any of the terms of any Contract or
obligation to which Holder is a party or by which Holder or any of the Shares or its other assets may be bound, or (iii) violate
any applicable Law or Order, except for any of the foregoing in clauses (i) through (iii) as would not reasonably be expected
to impair Holder’s ability to perform its obligations under this Agreement in any material respect.

 

(d)                 
No Inconsistent Agreements. Holder hereby covenants and agrees that, except for this Agreement, Holder (i) has not entered
into, nor will enter into at any time while this Agreement remains in effect, any voting agreement or voting trust with respect
to the Shares inconsistent with Holder’s obligations pursuant to this Agreement, (ii) has not granted, nor will grant at
any time while this Agreement remains in effect, a proxy, a consent or power of attorney with respect to the Shares and (iii)
has not entered into any agreement or knowingly taken any action (nor will enter into any agreement or knowingly take any action)
that would make any representation or warranty of Holder contained herein untrue or incorrect in any material respect or have
the effect of preventing Holder from performing any of its material obligations under this Agreement.

 

    	4

    	 

    

 

4.            
Miscellaneous.

 

(a)                 
Termination. Notwithstanding anything to the contrary contained herein, this Agreement shall automatically terminate, and
none of the Company, Kalyx or Holder shall have any rights or obligations hereunder, upon the earliest to occur of (i) the mutual
written consent of the Company, Kalyx and Holder, (ii) the Effective Time (following the performance of the obligations of the
parties hereunder required to be performed at or prior to the Effective Time), and (iii) the date of termination of the Merger
Agreement in accordance with its terms. The termination of this Agreement shall not prevent any party hereunder from seeking any
remedies (at law or in equity) against another party hereto or relieve such party from liability for such party’s breach
of any terms of this Agreement. Notwithstanding anything to the contrary herein, the provisions of this Section 4(a) shall
survive the termination of this Agreement. 

 

(b)                 
Binding Effect; Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit
of the parties hereto and their respective permitted successors and assigns. This Agreement and all obligations of the Holder
are personal to the Holder and may not be transferred or delegated by the Holder at any time. The Company may freely assign any
or all of its rights under this Agreement, in whole or in part, to any successor entity (whether by merger, consolidation, equity
sale, asset sale or otherwise) without obtaining the consent or approval of the Holder.

 

(c)                 
Third Parties. Nothing contained in this Agreement or in any instrument or document executed by any party in connection
with the transactions contemplated hereby shall create any rights in, or be deemed to have been executed for the benefit of, any
person that is not a party hereto or thereto or a successor or permitted assign of such a party.

 

(d)                 
Governing Law; Jurisdiction. This Agreement and any dispute or controversy arising out of or relating to this Agreement
shall be governed by and construed in accordance with the laws of the State of New York, without regard to the conflict of law
principles thereof. All Actions arising out of or relating to this Agreement shall be heard and determined exclusively in any
state or federal court located in New York, New York (or in any appellate courts thereof) (the “Specified Courts”).
Each party hereto hereby (i) submits to the exclusive jurisdiction of any Specified Court for the purpose of any Action arising
out of or relating to this Agreement brought by any party hereto and (ii) irrevocably waives, and agrees not to assert by
way of motion, defense or otherwise, in any such Action, any claim that it is not subject personally to the jurisdiction of the
above-named courts, that its property is exempt or immune from attachment or execution, that the Action is brought in an inconvenient
forum, that the venue of the Action is improper, or that this Agreement or the transactions contemplated hereby may not be enforced
in or by any Specified Court. Each party agrees that a final judgment in any Action shall be conclusive and may be enforced in
other jurisdictions by suit on the judgment or in any other manner provided by Law. Each party irrevocably consents to the service
of the summons and complaint and any other process in any other action or proceeding relating to the transactions contemplated
by this Agreement, on behalf of itself, or its property, by personal delivery of copies of such process to such party at the applicable
address set forth or referred to in Section 4(g). Nothing in this Section 4(d) shall affect the right
of any party to serve legal process in any other manner permitted by applicable law.

 

(e)                  
WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO (i) CERTIFIES THAT NO REPRESENTATIVE OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, SEEK TO ENFORCE THAT FOREGOING
WAIVER AND (ii) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER
THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 4(e).

 

    	5

    	 

    

 

(f)                  
Interpretation. The titles and subtitles used in this Agreement are for convenience only and are not to be considered in
construing or interpreting this Agreement. In this Agreement, unless the context otherwise requires: (i) any pronoun used in this
Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs
shall include the plural and vice versa; (ii) “including” (and with correlative meaning “include”) means
including without limiting the generality of any description preceding or succeeding such term and shall be deemed in each case
to be followed by the words “without limitation”; (iii) the words “herein,” “hereto,” and
“hereby” and other words of similar import in this Agreement shall be deemed in each case to refer to this Agreement
as a whole and not to any particular section or other subdivision of this Agreement; and (iv) the term “or” means
“and/or”. The parties have participated jointly in the negotiation and drafting of this Agreement. Consequently, in
the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly
by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship
of any provision of this Agreement.

 

(g)                  
Notices. All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have
been duly given when delivered (i) in person, (ii) by facsimile or other electronic means, with affirmative confirmation of receipt,
(iii) one Business Day after being sent, if sent by reputable, nationally recognized overnight courier service or (iv) three (3)
Business Days after being mailed, if sent by registered or certified mail, pre-paid and return receipt requested, in each case
to the applicable party at the following addresses (or at such other address for a party as shall be specified by like notice):

 

	If
        to the Company, to:

         

        Atlantic
        Alliance Partnership Corp.

        590 Madison Avenue

        New York, New York 10022

        Attn: Jonathan Mitchell
	With
        a copy to (which shall not constitute notice):

         

        Ellenoff
        Grossman & Schole LLP

        1345 Avenue of the Americas, 11th Floor

        New York, New York 10105

        Attention: Douglas Ellenoff

        Facsimile No.: (212) 370-7889

        Telephone No.: (212) 370-1300

        Email: ellenoff@egsllp.com

	 	 
	If
        to Kalyx, to:

         

        Kalyx
        Development Inc.

        366 Madison Avenue, 11th Floor

        New York, New York 10017

        Attn: George M. Stone

        Facsimile No.: 212-315-3446
	With
        a copy to (which shall not constitute notice):

         

        Reitler
        Kailas & Rosenblatt LLC

        800 Third Avenue 21st Floor

        New York, New York 10022

        Attn: Scott Rosenblatt

        Fax No.: 212-371-5500

        Telephone
No: 212-209-3040

Email: srosenblatt@reitlerlaw.com

 

If
to the Holder, to: the address set forth under Holder’s name on the signature page hereto, with a copy (which will not
constitute notice) to, if not the party sending the notice, each of Kalyx and the Company (and each of their copies for notices
hereunder).

 

    	6

    	 

    

 

(h)               
Amendments and Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may
be waived (either generally or in a particular instance, and either retroactively or prospectively) only with the written consent
of the Company, Kalyx and the Holder. No failure or delay by a party in exercising any right hereunder shall operate as a waiver
thereof. No waivers of or exceptions to any term, condition, or provision of this Agreement, in any one or more instances, shall
be deemed to be or construed as a further or continuing waiver of any such term, condition, or provision.

 

(i)               
Severability. In case any provision in this Agreement shall be held invalid, illegal or unenforceable in a jurisdiction,
such provision shall be modified or deleted, as to the jurisdiction involved, only to the extent necessary to render the same
valid, legal and enforceable, and the validity, legality and enforceability of the remaining provisions hereof shall not in any
way be affected or impaired thereby nor shall the validity, legality or enforceability of such provision be affected thereby in
any other jurisdiction. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced,
the parties will substitute for any invalid, illegal or unenforceable provision a suitable and equitable provision that carries
out, so far as may be valid, legal and enforceable, the intent and purpose of such invalid, illegal or unenforceable provision.

 

(j)               
Specific Performance. Holder acknowledges that its obligations under this Agreement are unique, recognizes and affirms
that in the event of a breach of this Agreement by the Holder, money damages will be inadequate and the Company will have not
adequate remedy at law, and agree that irreparable damage would occur in the event that any of the provisions of this Agreement
were not performed by the Holder in accordance with their specific terms or were otherwise breached. Accordingly, the Company
shall be entitled to an injunction or restraining order to prevent breaches of this Agreement by the Holder and to enforce specifically
the terms and provisions hereof, without the requirement to post any bond or other security or to prove that money damages would
be inadequate, this being in addition to any other right or remedy to which such party may be entitled under this Agreement, at
law or in equity.

 

(k)              
Expenses. Each party shall be responsible for its own fees and expenses (including the fees and expenses of investment
bankers, accountants and counsel) in connection with the entering into of this Agreement, the performance of its obligations hereunder
and the consummation of the transactions contemplated hereby; provided, that in the event of any Action arising out of or relating
to this Agreement, the non-prevailing party in any such Action will pay its own expenses and the reasonable documented out-of-pocket
expenses, including reasonable attorneys’ fees and costs, reasonably incurred by the prevailing party.

 

(l)               
No Partnership, Agency or Joint Venture. This Agreement is intended to create a contractual relationship between Holder
and Kalyx, on the one hand, and the Company, on the other hand, and is not intended to create, and does not create, any agency,
partnership, joint venture or any like relationship among the parties hereto or among any other Company shareholders entering
into voting agreements with the Company. Holder is not affiliated with any other holder of securities of the Company entering
into a voting agreement with the Company in connection with the Merger Agreement and has acted independently regarding its decision
to enter into this Agreement. Nothing contained in this Agreement shall be deemed to vest in the Company any direct or indirect
ownership or incidence of ownership of or with respect to any Shares.

 

    	7

    	 

    

 

(m)               
Further Assurances. From time to time, at another party’s request and without further consideration, each party shall
execute and deliver such additional documents and take all such further action as may be reasonably necessary or desirable to
consummate the transactions contemplated by this Agreement.

 

(n)                 
Entire Agreement. This Agreement (together with the Merger Agreement to the extent referred to herein) constitutes the
full and entire understanding and agreement among the parties with respect to the subject matter hereof, and any other written
or oral agreement relating to the subject matter hereof existing between the parties is expressly canceled; provided,
that, for the avoidance of doubt, the foregoing shall not affect the rights and obligations of the parties under the Merger Agreement
or any Ancillary Document. Notwithstanding the foregoing, nothing in this Agreement shall limit any of the rights or remedies
of the Company or any of the obligations of the Holder under any other agreement between the Holder and the Company or any certificate
or instrument executed by the Holder in favor of the Company, and nothing in any other agreement, certificate or instrument shall
limit any of the rights or remedies of the Company or any of the obligations of the Holder under this Agreement.

 

(o)                 
Counterparts; Facsimile. This Agreement may also be executed and delivered by facsimile or electronic signature or by email
in portable document format in two or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument.

 

[Remainder
of Page Intentionally Left Blank; Signature Page Follows]

 

    	8

    	 

    

 

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

 

	The
    Company:	 
	 	 
	Atlantic
    Alliance Partnership Corp.	 
	 	 	 
	By:		 
	Name:	Iain
    Abrahams	 
	Title:	Chief
    Executive Officer	 
	 	 	 
	Kalyx:	 
	 	 
	Kalyx
    Development, Inc.	 
	 	 	 
	By:		 
	Name:	George
    M. Stone	 
	Title:	Chief
    Executive Officer	 

 

	The
    Holder:	 
	 	 
	By:		 
	Name:	      	 

 

Number and Type of Shares: 

 

 

Address for Notice: 

 

Address:                                                                                              

 

                                                                                                              

 

                                                                                                              

 

Facsimile
No.:                                                                                      

 

Telephone
No.:                                                                                    

 

Email:
                                                                                                   :

 

    	9Exhibit 10.2

 

NON-COMPETITION
AND NON-SOLICITATION AGREEMENT

 

THIS
NON-COMPETITION AND NON-SOLICITATION AGREEMENT (this “Agreement”) is being executed and delivered as
of [●], 2017, by [●] (“Owner”), in favor of and for the benefit of Atlantic Alliance
Partnership Corp., a business company incorporated in the British Virgin Islands with limited liability (including any successor
entity thereto, whether pursuant to the Conversion (as defined in the Merger Agreement (as defined below)), the Merger (as defined
below) or otherwise, the “the Company”), and each of the Company’s present and future Affiliates,
successors and direct and indirect Subsidiaries, including after the Merger, Kalyx (as defined below) and its Subsidiaries (collectively,
the “Covered Parties”). Any capitalized term used, but not defined in this Agreement will have the meaning
ascribed to such term in the Merger Agreement.

 

WHEREAS,
the Company and Kalyx Development Inc., a Maryland corporation (“Kalyx”), are parties to that certain
Merger Agreement, dated as of May 8, 2017 (as amended, the “Merger Agreement”), pursuant to which Kalyx
will merge with and into the Company, with the Company continuing as the surviving entity as a Maryland incorporated real estate
investment trust (the “Merger”), and as a result of which, among other matters, (i) all of the issued
and outstanding capital stock of Kalyx immediately prior to the effective time of the Merger shall no longer be outstanding and
shall automatically be cancelled and shall cease to exist, in exchange for the right of the holder of such shares to receive a
number of shares of the capital stock of the Company, as set forth in the Merger Agreement, and (ii) Kalyx’s outstanding
warrants shall be assumed by the Company, with certain warrants being amended in accordance with the terms set out in the Merger
Agreement, all upon the terms and subject to the conditions set forth in the Merger Agreement and in accordance with the applicable
provisions of the Maryland General Corporation Law, as amended.

 

WHEREAS,
Owner is an equity holder of Kalyx and/or its subsidiary Kalyx OP LP, a Delaware limited partnership (“Operating Partnership”),
and an officer and/or senior management employee of Kalyx and/or the Operating Partnership;

 

WHEREAS,
Kalyx, indirectly through its Subsidiaries, is engaged in the business of acquiring, owning, managing, upgrading and leasing commercial
and industrial properties to state-licensed operators for their regulated cannabis businesses in states in which such activities
are legal under state laws (the “Business”);

 

WHEREAS,
in connection with, and as a condition to consummation of the transactions contemplated by the Merger Agreement (the “Transactions”),
and to enable the Company to secure more fully the benefits of the Transactions, including the protection and maintenance of the
goodwill and confidential information of Kalyx and its Subsidiaries, the Company has required that Owner enter into this Agreement;

 

WHEREAS,
Owner is entering into this Agreement in order to induce the Company to consummate the Transactions, pursuant to which Owner will
directly or indirectly receive a material benefit;

 

WHEREAS,
Owner, as an equity holder and/or officer and/or employee of Kalyx and/or its Subsidiaries, has contributed to the value of Kalyx
and has obtained extensive and valuable knowledge and confidential information concerning the business of Kalyx and its Subsidiaries;
and

  

    	1

    	 

    

 

NOW,
THEREFORE, in order to induce the Company to consummate the Transactions, and for other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, Owner hereby agrees as follows:

 

1.            Restriction
on Competition.

 

(a)       Restriction.
Owner hereby agrees that during the period from the Closing until the third (3rd) anniversary of the Closing (the “Restricted
Period”), Owner will not, and will cause its Affiliates not to, without the prior written consent of the Company
(which may be withheld in its sole discretion), anywhere within the United States (the “Territory”),
directly or indirectly engage in the Business (other than through a Covered Party) or own, manage, finance or control, or participate
in the ownership, management, financing or control of, or become engaged or serve as an officer, director, member, partner, employee,
agent, consultant, advisor or representative of, a business or entity (other than a Covered Party) that engages in the Business
(a “Competitor”). Notwithstanding the foregoing, Owner and its Affiliates may own passive portfolio
company investments of not more than two percent (2%) beneficial ownership of any class of outstanding capital stock of a Competitor
that is publicly traded on a national stock exchange, so long as Owner and its Affiliates are not involved in the management or
control of such Competitor.

 

(b)       Acknowledgment.
Owner acknowledges and agrees, based upon the advice of legal counsel and/or Owner’s own education, experience and training,
that (i) Owner possesses knowledge of confidential information of Kalyx and its Subsidiaries and the Business, (ii) because of
Owner’s education, experience and capabilities, the provisions of this Agreement will not prevent Owner from earning a livelihood,
(iii) Owner’s execution of this Agreement is a material inducement to the Company to consummate the Transactions and to
realize the goodwill of Kalyx and its Subsidiaries, for which Owner will receive a substantial direct or indirect financial benefit,
and that the Company would not have consummated the Transactions but for Owner’s agreements set forth in this Agreement;
(iv) it would impair the goodwill of the Covered Parties and reduce the value of the assets of the Covered Parties and cause serious
and irreparable injury to the Covered Parties if Owner were to use its ability and knowledge by engaging in the Business in competition
with a Covered Party, and/or to otherwise breach the obligations contained herein and that the Covered Parties would not have
an adequate remedy at law because of the unique nature of the Business, (v) Owner has no intention of engaging in the Business
in the Territory during the Restricted Period (other than on behalf of the Covered Parties), (vi) the relevant public policy aspects
of restrictive covenants, covenants not to compete and non-solicitation provisions have been discussed, and every effort has been
made to limit the restrictions placed upon Owner to those that are reasonable and necessary to protect the Covered Parties’
legitimate interests, (vii) the Covered Parties conduct and intend to conduct the Business everywhere in the Territory where legally
permitted under applicable state laws and compete with other businesses that are or could be located in any part of the Territory
where legally permitted under applicable state laws, (viii) the foregoing restrictions on competition are fair and reasonable
in type of prohibited activity, geographic area covered, scope and duration, (ix) the consideration provided to Owner under this
Agreement and the Merger Agreement is not illusory, and (x) such provisions do not impose a greater restraint than is necessary
to protect the goodwill or other business interests of the Covered Parties.

 

2.            No
Solicitation; No Disparagement.

 

(a)       No
Solicitation of Employees and Consultants. Owner agrees that, during the Restricted Period, Owner will not, without the prior
written consent of the Company (which may be withheld in its sole discretion), either on its own behalf or on behalf of any other
Person (other than, if applicable, a Covered Party in the performance of Owner’s duties on behalf of the Covered Parties),
directly or indirectly: (i) hire or engage as an employee, independent contractor, consultant or otherwise any Covered Personnel
(as defined below); (ii) solicit, induce, encourage or otherwise cause (or attempt to do any of the foregoing) any Covered Personnel
to leave the service (whether as an employee, consultant or independent contractor) of any Covered Party; or (iii) in any way
interfere with or attempt to interfere with the relationship between any Covered Personnel and any Covered Party; provided,
however, Owner will not be deemed to have violated this Section 2(a) if any Covered Personnel voluntarily and independently
solicits an offer of employment from Owner (or other Person whom Owner is acting on behalf of) by responding to a general advertisement
or solicitation program conducted by or on behalf of Owner (or such other Person whom Owner is acting on behalf of) that is not
targeted at such Covered Personnel or Covered Personnel generally, so long as such Covered Personnel is not hired. For purposes
of this Agreement, “Covered Personnel” means any Person who is or was an employee, consultant or independent
contractor of a Covered Party as of the date of the relevant act prohibited by this Section 2(a) or during the one (1) year period
preceding such date.

 

    	2

    	 

    

 

(b)       Non-Solicitation
of Customers and Suppliers. Owner agrees that, during the Restricted Period, Owner will not, without the prior written consent
of the Company (which may be withheld in its sole discretion), individually or on behalf of any other Person (other than, if applicable,
a Covered Party in the performance of Owner’s duties on behalf of the Covered Parties), directly or indirectly: (i) solicit,
induce, encourage or otherwise cause (or attempt to do any of the foregoing) any Covered Customer (as defined below) to (A) cease
being, or not become, a client or customer of any Covered Party or (B) reduce the amount of business of such Covered Customer
with any Covered Party, or otherwise alter such business relationship in a manner adverse to any Covered Party; (ii) interfere
with or disrupt (or attempt to interfere with or disrupt) the contractual relationship between any Covered Party and any Covered
Customer; (iii) divert any business with any Covered Customer from a Covered Party; (iv) solicit for business, provide services
to, engage in or do business with, any Covered Customer for products or services that are part of the Business; or (v) interfere
with or disrupt (or attempt to interfere with or disrupt), any Person that was a vendor, supplier, distributor, agent or other
service provider of a Covered Party at the time of such interference or disruption, for a purpose competitive with a Covered Party.
For purposes of this Agreement, a “Covered Customer” means any Person who is or was an actual customer
or client (or prospective customer or client with whom a Covered Party actively marketed or made or took specific action to make
a proposal) of a Covered Party, as of the date of the relevant act prohibited by this Section 2(b) or during the one (1) year
period preceding such date.

 

(c)       Non-Disparagement.
Owner agrees that, from and after the Closing, Owner will not directly or indirectly engage in any conduct that involves the making
or publishing (including through electronic mail distribution or online social media) of any written or oral statements or remarks
(including the repetition or distribution of derogatory rumors, allegations, negative reports or comments) that are disparaging,
deleterious or damaging to the integrity, reputation or good will of one or more Covered Parties or their respective management,
officers, employees, independent contractors or consultants. Notwithstanding the foregoing, subject to Section 3 below,
the provisions of this Section 2(c) shall not restrict Owner from providing truthful testimony or information in response
to a subpoena or investigation by a Governmental Authority or in connection with any legal action by Owner against any Covered
Party under this Agreement, the Merger Agreement or any other Ancillary Document that is asserted by Owner in good faith.

 

3.            Confidentiality.
From and after the Closing, Owner will, and will cause its Representatives to, keep confidential and not (except, if applicable,
in the performance of Owner’s duties on behalf of the Covered Parties) directly or indirectly use, disclose, reveal, publish,
transfer or provide access to, any and all Covered Party Information without the prior written consent of the Company (which may
be withheld in its sole discretion). As used in this Agreement, “Covered Party Information” means all
material and information relating to the business, affairs and assets of any Covered Party, including material and information
that concerns or relates to such Covered Party’s bidding and proposal, real estate, technical information, computer hardware
or software, administrative, management, operational, data processing, financial, marketing, sales, human resources, business
development, real estate development, tenants, leasing, financing, lending, planning and/or other business activities, regardless
of whether such material and information is maintained in physical, electronic, or other form, that is: (A) gathered, compiled,
generated, produced or maintained by such Covered Party through its Representatives, or provided to such Covered Party by its
suppliers, service providers or customers; and (B) intended and maintained by such Covered Party or its Representatives, suppliers,
service providers or customers to be kept in confidence. Covered Party Information also includes information disclosed to any
Covered Party by third parties to the extent that a Covered Party has an obligation of confidentiality in connection therewith.
The obligations set forth in this Section 3 will not apply to any Covered Party Information where Owner can prove that
such material or information: (i) is known or available through other lawful sources not bound by a confidentiality agreement
with, or other confidentiality obligation, with respect to such material or information; (ii) is or becomes publicly known through
no violation of this Agreement or other non-disclosure obligation of Owner or any of its Representatives; (iii) is already in
the possession of Owner at the time of disclosure through lawful sources not bound by a confidentiality agreement or other confidentiality
obligation as evidenced by Owner’s documents and records; or (iv) is required to be disclosed pursuant to an order of any
administrative body or court of competent jurisdiction (provided that (A) the applicable Covered Party is given reasonable prior
written notice, (B) such Owner cooperates (and causes its Representatives to cooperate) with any reasonable request of any Covered
Party to seek to prevent or narrow such disclosure and (C) if after compliance with clauses (A) and (B) such disclosure is still
required, Owner and its Representatives only disclose such portion of the Covered Party Information that is expressly required
by such order, as it may be subsequently narrowed).

 

    	3

    	 

    

 

4.            Notification
to Subsequent Employer. Owner agrees that, during the Restricted Period, any Covered Party may notify any Person employing
or otherwise retaining the services of Owner or evidencing an intention of employing or retaining the services of Owner the existence
and provisions of this Agreement.

 

5.            Representations
and Warranties. Owner hereby represents and warrants, to and for the benefit of the Covered Parties, as of the date of this
Agreement and as of the Closing, that: (a) Owner Party has full power and capacity to execute and deliver, and to perform all
of Owner’s obligations under, this Agreement; and (b) neither the execution and delivery of this Agreement nor the performance
of Owner’s obligations hereunder will result directly or indirectly in a violation or breach of any agreement or obligation
by which Owner is a party or otherwise bound. By entering into this Agreement, Owner certifies and acknowledges that Owner has
carefully read all of the provisions of this Agreement, and that Owner voluntarily and knowingly enters into this Agreement.

 

6.            Remedies.
The covenants and undertakings of Owner contained in this Agreement relate to matters which are of a special, unique and extraordinary
character and a violation of any of the terms of this Agreement may cause irreparable injury to the Covered Parties, the amount
of which may be impossible to estimate or determine and which cannot be adequately compensated. Owner agrees that, in the event
of any breach or threatened breach by Owner of any covenant or obligation contained in this Agreement, each applicable Covered
Party will be entitled to obtain the following remedies (in addition to, and not in lieu of, any other remedy at law or in equity
or pursuant to the Merger Agreement or the other Ancillary Documents that may be available to the Covered Parties, including monetary
damages), and a court of competent jurisdiction may award: (i) an injunction, restraining order or other equitable relief restraining
or preventing such breach or threatened breach, without the necessity of proving actual damages or posting bond or security, which
Owner expressly waives; and (ii) recovery of the Covered Party’s attorneys’ fees and costs incurred in enforcing the
Covered Party’s rights under this Agreement. Owner hereby consents to the award of any of the above remedies to the applicable
Covered Party in connection with any such breach or threatened breach. Owner hereby acknowledges and agrees that in the event
of any breach of this Agreement, any value attributed or allocated to this Agreement (or any other non-competition agreement with
Owner) under or in connection with the Merger Agreement shall not be considered a measure of, or a limit on, the damages of the
Covered Parties.

 

    	4

    	 

    

 

7.            Survival
of Obligations. The expiration of the Restricted Period will not relieve Owner of any obligation or liability arising from
any breach by Owner of this Agreement during the Restricted Period. Owner further agrees that the time period during which the
covenants contained in Section 1 and Section 2 of this Agreement will be effective will be computed by excluding
from such computation any time during which Owner is in violation of any provision of such Sections.

 

8.            Miscellaneous.

 

(a)       Notices.
All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given
when delivered (i) in person, (ii) by facsimile or other electronic means, with affirmative confirmation of receipt, (iii) one
Business Day after being sent, if sent by reputable, nationally recognized overnight courier service or (iv) three (3) Business
Days after being mailed, if sent by registered or certified mail, pre-paid and return receipt requested, in each case to the applicable
party at the following addresses (or at such other address for a party as shall be specified by like notice):

 

	If
        to the Company (or any other Covered Party) prior to the Closing, to:

         

        Atlantic
        Alliance Partnership Corp.

        590 Madison Avenue

        New York, New York 10022

        Attn: Jonathan Mitchell

        Telephone No: 212-409-2434

        Email: jmitchell@aapcacq.com
	with
        a copy (that will not constitute notice) to: 

         

        Ellenoff
        Grossman & Schole LLP

        1345 Avenue of the Americas, 11th Floor

        New York, New York 10105

        Attention: Douglas Ellenoff

        Facsimile No.: (212) 370-7889

        Telephone No.: (212) 370-1300

        Email: ellenoff@egsllp.com

	 	 
	If
        to the Company (or any other Covered Party) after the Closing, to:

         

        Kalyx
        Properties Inc.

        366 Madison Avenue, 11th Floor

        New York, New York 10017

        Attn: George M. Stone

        Facsimile No.: 212-315-3446

        Telephone No: 914-921-9252

        Email: gstone@Kalyxdevelopment.com
	with
        a copy (that will not constitute notice) to: 

         

        Ellenoff
        Grossman & Schole LLP

        1345 Avenue of the Americas, 11th Floor

        New York, New York 10105

        Attention: Douglas Ellenoff

        Facsimile No.: (212) 370-7889

        Telephone No.: (212) 370-1300

        Email: ellenoff@egsllp.com

         

        and
        with a copy (that will not constitute notice) to: 

         

        Reitler
Kailas & Rosenblatt LLC

800 Third Avenue 21st Floor

New York, New York 10022

Attn: Scott Rosenblatt

Fax No.: 212-371-5500

        Telephone
        No: 212-209-3040

        Email: srosenblatt@reitlerlaw.com

         

	If
    to Owner, to:  the address below Owner’s name on the signature page to this Agreement.

 

    	5

    	 

    

 

(b)       Integration
and Non-Exclusivity. This Agreement, the Merger Agreement and the other Ancillary Documents contain the entire agreement between
Owner and the Covered Parties concerning the subject matter hereof. Notwithstanding the foregoing, the rights and remedies of
the Covered Parties under this Agreement are not exclusive of or limited by any other rights or remedies which they may have,
whether at law, in equity, by contract or otherwise, all of which will be cumulative (and not alternative). Without limiting the
generality of the foregoing, the rights and remedies of the Covered Parties, and the obligations and liabilities of Owner, under
this Agreement, are in addition to their respective rights, remedies, obligations and liabilities (i) under the laws of unfair
competition, misappropriation of trade secrets, or other requirements of statutory or common law, or any applicable rules and
regulations and (ii) otherwise conferred by contract, including the Merger Agreement and any other written agreement between Owner
and any of the Covered Parties. Nothing in the Merger Agreement will limit any of the obligations, liabilities, rights or remedies
of Owner or the Covered Parties under this Agreement, nor will any breach of the Merger Agreement or any other agreement between
Owner and any of the Covered Parties limit or otherwise affect any right or remedy of the Covered Parties under this Agreement.
If any term or condition of any other agreement between Owner and any of the Covered Parties conflicts or is inconsistent with
the terms and conditions of this Agreement, the more restrictive terms will control as to Owner.

 

(c)       Severability;
Reformation. Each provision of this Agreement is separable from every other provision of this Agreement. If any provision
of this Agreement is found or held to be invalid, illegal or unenforceable, in whole or in part, by a court of competent jurisdiction,
then (i) such provision will be deemed amended to conform to applicable laws so as to be valid, legal and enforceable to the fullest
possible extent, (ii) the invalidity, illegality or unenforceability of such provision will not affect the validity, legality
or enforceability of such provision under any other circumstances or in any other jurisdiction, and (iii) the invalidity, illegality
or unenforceability of such provision will not affect the validity, legality or enforceability of the remainder of such provision
or the validity, legality or enforceability of any other provision of this Agreement. Owner and the Covered Parties will substitute
for any invalid, illegal or unenforceable provision a suitable and equitable provision that carries out, so far as may be valid,
legal and enforceable, the intent and purpose of such invalid, illegal or unenforceable provision. Without limiting the foregoing,
if any court of competent jurisdiction determines that any part hereof is unenforceable because of the duration, geographic area
covered, scope of such provision, or otherwise, such court will have the power to reduce the duration, geographic area covered
or scope of such provision, as the case may be, and, in its reduced form, such provision will then be enforceable. Owner will,
at a Covered Party’s request, join such Covered Party in requesting that such court take such action.

 

(d)       Amendment;
Waiver. This Agreement may not be amended or modified in any respect, except by a written agreement executed by Owner and
the Company. No waiver will be effective unless it is expressly set forth in a written instrument executed by the waiving party,
and any such waiver will have no effect except in the specific instance in which it is given. Any delay or omission by a party
in exercising its rights under this Agreement, or failure to insist upon strict compliance with any term, covenant, or condition
of this Agreement will not be deemed a waiver of such term, covenant, condition or right, nor will any waiver or relinquishment
of any right or power under this Agreement at any time or times be deemed a waiver or relinquishment of such right or power at
any other time or times.

 

    	6

    	 

    

 

(e)       Dispute
Resolution. Any dispute, difference, controversy or claim arising in connection with or related or incidental to, or question
occurring under, this Agreement or the subject matter hereof (other than applications for a temporary restraining order, preliminary
injunction, permanent injunction or other equitable relief or application for enforcement of a resolution under this Section
7(e)) (a “Dispute”) shall be governed by this Section 7(e). A party must, in the first instance,
provide written notice of any Disputes to the other parties subject to such Dispute, which notice must provide a reasonably detailed
description of the matters subject to the Dispute. Any Dispute that is not resolved may at any time after the delivery of such
notice immediately be referred to and finally resolved by arbitration pursuant to then-existing Expedited Procedures of the Commercial
Arbitration Rules (the “AAA Procedures”) of the American Arbitration Association (the “AAA”).
Any party involved in such Dispute may submit the Dispute to the AAA to commence the proceedings after the Resolution Period.
To the extent that the AAA Procedures and this Agreement are in conflict, the terms of this Agreement shall control. The arbitration
shall be conducted by one arbitrator nominated by the AAA promptly (but in any event within five (5) Business Days) after the
submission of the Dispute to the AAA and reasonably acceptable to each party subject to the Dispute, which arbitrator shall be
a commercial lawyer with substantial experience arbitrating disputes under acquisition agreements. The arbitrator shall accept
his or her appointment and begin the arbitration process promptly (but in any event within five (5) Business Days) after his or
her nomination and acceptance by the parties subject to the Dispute. The proceedings shall be streamlined and efficient. The arbitrator
shall decide the Dispute in accordance with the substantive law of the State of New York. Time is of the essence. Each party shall
submit a proposal for resolution of the Dispute to the arbitrator within twenty (20) days after confirmation of the appointment
of the arbitrator. The arbitrator shall have the power to order any party to do, or to refrain from doing, anything consistent
with this Agreement, the Ancillary Documents and applicable Law, including to perform its contractual obligation(s); provided,
that the arbitrator shall be limited to ordering pursuant to the foregoing power (and, for the avoidance of doubt, shall order)
the relevant party (or parties, as applicable) to comply with only one or the other of the proposals. The arbitrator’s award shall
be in writing and shall include a reasonable explanation of the arbitrator’s reason(s) for selecting one or the other proposal.
The seat of arbitration shall be in New York County, State of New York. The language of the arbitration shall be English.

 

(f)       
Governing Law; Jurisdiction. This Agreement shall be governed by, construed and enforced in accordance with the Laws of
the State of New York without regard to the conflict of laws principles thereof. Subject to Section 7(e), all Actions arising
out of or relating to this Agreement shall be heard and determined exclusively in any state or federal court located in New York,
New York (or in any court in which appeal from such courts may be taken) (the “Specified Courts”). Subject
to Section 7(e), each party hereto hereby (a) submits to the exclusive jurisdiction of any Specified Court for the purpose
of any Action arising out of or relating to this Agreement brought by any party hereto, (b) irrevocably waives, and agrees not
to assert by way of motion, defense or otherwise, in any such Action, any claim that it is not subject personally to the jurisdiction
of the above-named courts, that its property is exempt or immune from attachment or execution, that the Action is brought in an
inconvenient forum, that the venue of the Action is improper, or that this Agreement or the transactions contemplated hereby may
not be enforced in or by any Specified Court and (c) waives any bond, surety or other security that might be required of any other
party with respect thereto. Each party agrees that a final judgment in any Action shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by Law or in equity. Each party irrevocably consents to
the service of the summons and complaint and any other process in any other action or proceeding relating to the transactions
contemplated by this Agreement, on behalf of itself, or its property, by personal delivery of copies of such process to such party
at the applicable address set forth in Section 7(a). Nothing in this Section 7(f) shall affect the right of any
party to serve legal process in any other manner permitted by Law.

 

(g)       WAIVER
OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, SEEK TO ENFORCE THAT FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7(g). ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF
THIS SECTION 7(g) WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF EACH SUCH PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL
BY JURY.

 

    	7

    	 

    

 

(h)       Successors
and Assigns; Third Party Beneficiaries. This Agreement will be binding upon Owner and Owner’s estate, successors and
assigns, and will inure to the benefit of the Covered Parties, and their respective successors and assigns. Each Covered Party
may freely assign any or all of its rights under this Agreement, at any time, in whole or in part, to any Person which acquires,
in one or more transactions, at least a majority of the equity securities (whether by equity sale, merger or otherwise) of such
Covered Party or all or substantially all of the assets of such Covered Party and its Subsidiaries, taken as a whole, without
obtaining the consent or approval of Owner. Owner agrees that the obligations of Owner under this Agreement are personal and will
not be assigned by Owner. Each of the Covered Parties are express third party beneficiaries of this Agreement and will be considered
parties under and for purposes of this Agreement.

 

(i)       Authorization
on Behalf of the Covered Parties. The parties acknowledge and agree that the any determinations, actions or other authorizations
under this Agreement on behalf of the Covered Parties, including enforcing the Covered Parties’ rights and remedies under
this Agreement shall solely be made by the Company’s directors who qualify as independent directors under the applicable
U.S. national stock exchange on which the Company’s shares are then listed (or if the Company’s is no longer listed
on an U.S. national stock exchange, the last national stock exchange on which the Company’s shares were listed) (the “Independent
Directors”), with the Independent Directors acting by a majority thereof. In the event that the Company at any time
does not have any Independent Directors, so long as Owner has any remaining obligations under this Agreement, it will promptly
appoint one in connection with this Agreement. Without limiting the foregoing, in the event that Owner serves as a director, officer,
employee or other authorized agent of a Covered Party, Owner shall have no authority, express or implied, to act or make any determination
on behalf of a Covered Party in connection with this Agreement or any dispute or Action with respect hereto.

 

(j)       Construction.
Owner acknowledges that Owner has been represented by counsel, or had the opportunity to be represented by counsel of Owner’s
choice. Any rule of construction to the effect that ambiguities are to be resolved against the drafting party will not be applied
in the construction or interpretation of this Agreement. Neither the drafting history nor the negotiating history of this Agreement
will be used or referred to in connection with the construction or interpretation of this Agreement. The headings and subheadings
contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this
Agreement. In this Agreement: (i) the words “include,” “includes” and “including” when used
herein shall be deemed in each case to be followed by the words “without limitation”; (ii) the definitions contained
herein are applicable to the singular as well as the plural forms of such terms; (iii) whenever required by the context, any pronoun
shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall
include the plural and vice versa; (iv) the words “herein,” “hereto,” and “hereby” and other
words of similar import shall be deemed in each case to refer to this Agreement as a whole and not to any particular Section or
other subdivision of this Agreement; (v) the word “if” and other words of similar import when used herein shall be
deemed in each case to be followed by the phrase “and only if”; (vi) the term “or” means “and/or”;
and (vii) any agreement or instrument defined or referred to herein or in any agreement or instrument that is referred to herein
means such agreement or instrument as from time to time amended, modified or supplemented, including by waiver or consent and
references to all attachments thereto and instruments incorporated therein.

 

(k)       Counterparts.
This Agreement may be executed in one or more counterparts, and by the different parties hereto in separate counterparts, each
of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.
A photocopy, faxed, scanned and/or emailed copy of this Agreement or any signature page to this Agreement, shall have the same
validity and enforceability as an originally signed copy.

 

(l)       Effectiveness.
This Agreement shall be binding upon Owner upon Owner’s execution and delivery of this Agreement, but this Agreement shall
only become effective upon the consummation of the Transactions. In the event that the Merger Agreement is validly terminated
in accordance with its terms prior to the consummation of the Transactions, this Agreement shall automatically terminate and become
null and void, and the parties shall have no obligations hereunder.

 

{[Remainder
of Page Intentionally Left Blank; Signature Page Follows]}

 

    	8

    	 

    

 

IN
WITNESS WHEREOF, the undersigned has duly executed and delivered this Non-Competition and Non-Solicitation Agreement as of the
date first written above.

 

	 	Owner:
	 	 
	 	_____________________________________
	 	Print
    Name:
	 	 
	 	Address
    for Notice:
	 	 
	 	Address: ______________________________
	 	______________________________________
	 	______________________________________
	 	Facsimile
    No.: __________________________
	 	Telephone
    No.: _________________________
	 	Email: ________________________________

 

Acknowledged
and accepted as of the date first written above:

 

ATLANTIC
ALLIANCE PARTNERSHIP CORP.

 

	By:	 	 
	Name: 	 	 
	Title:	 	 

 

[Signature Page to Non-Competition
Agreement]

 

    	9

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