Document:

Exhibit 10.8

  

   

    

  LEFTERIS ACQUISITION CORPORATION

  STRATEGIC SERVICES AGREEMENT

   

    

  This Strategic Services Agreement (“Agreement”)
    is entered into by and between Lefteris Acquisition Corporation, a Delaware corporation (the “Company”), and Jon D. Isaacson (“Isaacson”) and each of the Company and Isaacson, a “Party”, and, collectively, the “Parties”).  This Agreement is entered into as of October 12, 2020 (the “Effective
        Date”).

   

  

  WHEREAS, the Company desires to engage Isaacson and Isaacson desires to be engaged by the Company on the terms and subject to the
    conditions set forth in this Agreement.

   

  

  NOW, THEREFORE, in consideration of the mutual covenants and agreements contained in this Agreement and other good and valuable
    consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:

   

  

  1.          SERVICE. Beginning as of the Effective Date and until this Agreement is terminated as provided in Section 3, Isaacson agrees to serve as the Chief Financial Officer and the Chief Corporate
      Development Officer of the Company.  Isaacson’s service with the Company will be on the terms and subject to the conditions set forth in this Agreement.  Isaacson will report to the Chair of the Board of Directors of the Company (the “Board”) and will also be required to report to the Audit Committee of the Board on a regular basis.  During the period of his service, Isaacson will perform his
      duties faithfully and to the best of his ability and will devote the majority of his business time to the Company.  In addition, Isaacson will present any and all opportunities in the wealth/financial technology sectors to the Board before pursuing
      any such opportunities on his own behalf or on behalf of any other person and, during Isaacson’s service with the Company, will not perform services for any other special purpose acquisition company (“SPAC”) or with any private equity or similar fund or company in the wealth/financial technology sector.  Notwithstanding the foregoing, Isaacson will be permitted to continue his personal investing in PSL
      Capital Partners LLC and Charm LLC, as well as pursue fundraising activities for Cardinal Blue Capital, in any case, provided that such activities to not relate to the wealth/financial technology sector.

   

    

  2.          COMPENSATION; BENEFITS.  During the period of his service, Isaacson’s annual base rate of compensation will be $350,000 per annum, payable on a semi-monthly or monthly basis, in the discretion of
      the Company (with the first payment of base compensation following the Effective Date to include all amounts of base compensation that would have been paid during the period beginning on August 16, 2020 and ending on the Effective Date).  In
      addition, the Company will reimburse Isaacson for reasonable travel and other business expenses incurred by him in connection with the performance of his services hereunder.  Isaacson will not be entitled to any other compensation for his services to
      the Company, and will not be entitled to participate in any benefit plans, programs, policies or other arrangements of the Company.

   

    

  3.          TERMINATION AND NOTICE OF TERMINATION.  Isaacson’s service may be terminated by Isaacson by giving thirty (30) days’ advance written notice to the Company, and may be terminated by the Company for
      “Cause” immediately upon written notice to Isaacson.  Upon a termination of Isaacson’s service by Isaacson, he agrees to provide appropriate transition services to the Company during such thirty (30)-day notice period.  Unless otherwise agreed to
      among the Parties in writing, Isaacson’s service will automatically terminate effective as of immediately prior to the consummation of a de-SPAC transaction, without the requirement to provide notice.  Upon termination, the Company shall pay or
      provide to Isaacson (or to Isaacson’s authorized representative or estate, in the event of his death or disability) any earned but unpaid base compensation and expense reimbursements subject to the terms of Section 2 of this Agreement.  The Company
      shall have no obligation to provide Isaacson with any other compensation or benefits.  For purposes of this Agreement, “Cause” means (i) a failure of Isaacson
      to substantially perform his duties (other than as a result of physical or mental illness or injury) or to comply with any lawful directive or order of the Board; (ii) Isaacson’s willful misconduct or gross negligence in the performance of his
      duties; (iii) the commission by Isaacson of any felony or other serious crime involving moral turpitude; (iv) a material breach by Isaacson of his obligations under any agreement (including this Agreement) entered into between Isaacson and the
      Company; or (v) a material breach by Isaacson of the Company’s written policies or procedures (including those related to sexual harassment, sexual misconduct or sex-based discrimination).

  
    
      

  

  4.          MISCELLANEOUS.

   

    

  4.1.          Integration. This Agreement constitutes the entire agreement between the Parties with respect to the terms and conditions of Isaacson’s service to the Company.  This
      Agreement supersedes and terminates all prior agreements between the Parties concerning such subject matter.

   

    

  4.2.          Taxes; No Withholding. Isaacson shall be solely responsible for satisfying and paying
      all taxes arising from or due in connection with his service to the Company, including the amounts payable under this Agreement.  The Company will have no liability or obligation related to the foregoing and will not withhold on any amounts payable
      to Isaacson.

   

    

  4.3.          Survival. The provisions of this Agreement shall survive the termination of this Agreement and/or the termination of Isaacson’s service to the extent necessary to
      effectuate the terms contained herein.

   

    

  4.4.          Waiver. No waiver of any provision hereof shall be effective unless made in writing and signed by the waiving Party. The failure of any Party to require the performance
      of any term or obligation of this Agreement, or the waiver by any Party of any breach of this Agreement, shall not prevent any subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach.

   

    

  4.5.          Amendment. This Agreement may be amended or modified only by a written instrument signed by Isaacson and by a duly authorized officer of the Company.

   

    

  4.6.          Governing Law. This Agreement shall be construed under and be governed in all respects by the laws of the State of New York, without giving effect to the conflict of
      laws principles of such State.

   

    

  4.7.          Counterparts. This Agreement may be executed in any number of counterparts (including by electronically delivered .pdf files or telecopies of manually signed signature
      pages), each of which when so executed and delivered shall be taken to be an original; but such counterparts shall together constitute one and the same document.

   

  

  *     *     *

  
    
      

  

  Each Party is signing this Agreement on the date opposite its, his or her signature.

  

  

  	 	
          

          

        
	 	 	
          LEFTERIS ACQUISITION CORPORATION

        
	 	 	 
	 	 	 
	 	 	
          /s/ Mark Casady

        
	 	 	
          By: Mark Casady

        
	 	 	
          Title: Executive Chairman

        
	 	 	 
	 	 	
          Date: 

        	10/10/20
	 	 	 
	 	 	 
	 	 	
          JON D. ISAACSON

        
	 	
          

          

        	 
	 	 	
          /s/ Jon D. Isaacson

        
	 	 	 
	 	 	
          Date: 

        	10/10/20Exhibit 10.1

 

 

 

 

SEPARATION
AGREEMENT AND GENERAL RELEASE

 

This Separation Agreement
and General Release (the “Agreement”) sets forth the agreement between William D. Smith (“You”) and UFP
Technologies, Inc. (“UFP”) regarding the termination of your employment and is made as of the date You sign below.

 

By signing and returning
this Agreement, you will be entering into a binding agreement with UFP on the terms and conditions, including the release of claims,
set forth below. If you choose not to sign and return this Agreement, you shall not receive the Severance Benefits described below.
You will, however, receive payment of all Earned Compensation through the Separation Date. If applicable, You will continue to
be covered under UFP’s medical, dental, and vision plans until the end of the month, at which time you may elect to continue
receiving medical, dental and vision insurance pursuant to the Consolidated Omnibus Budget Reconciliation Act (“COBRA”)
governing continuation of health insurance coverage. Notification of your rights under COBRA and an election form, as well as information
regarding your enrollment under other UFP benefit plans will be provided to you in the next 30 days by mail to the last address
that you provided to UFP.

 

1.           
Separation Date. Your last day of employment with UFP will be September 25, 2020 (the “Separation Date”).
You will resign as an officer as of that date and you acknowledge that from and after that date, you will have no authority and
shall not represent yourself as an employee or agent of UFP. Your employment and all benefits associated with such employment will
terminate on the Separation Date, unless specifically stated otherwise in this Agreement.

 

2.           
Earned Compensation. You will be paid through September 25, 2020, at which time you will receive your final compensation
check. This check will include your wages for the last pay period and pay for all accrued but unused Paid Time Off hours as of
your Separation Date, less applicable withholdings and deductions. You acknowledge that upon receipt of your final check you have
been paid in full for all wages, bonuses, commissions and other compensation due and owing from UFP, including any accrued Paid
Time Off hours.

 

3.           
Severance Benefits. In exchange for the mutual covenants set forth in this Agreement, subject to your compliance
with the terms of this Agreement and subject to UFP’s receipt of a fully-executed copy of this Agreement (including the release),
UFP agrees to provide you with the following Severance Benefits (the “Severance Benefits”):

 

a.           
Severance Pay equal to 21 weeks of base pay at your rate of pay on the Separation Date, less applicable withholdings
and deductions (“Severance Pay”). Such Severance Pay will be payable in accordance with UFP’s regular payroll
schedule, over the same timeframe that such Severance Pay represents, commencing no later than the next regularly scheduled payroll
following the date UFP receives the fully executed Agreement from You.

 

b.           
If you elect COBRA continuation coverage, UFP will pay the premium for October of 2020. After October, you may continue coverage
at your own expense or you may cancel coverage.

 

c.           
You acknowledge and agree that, but for your execution of this Agreement within the timeframe set forth herein, you would not be
entitled to any of the Severance Benefits provided in this Agreement.

 

     	 	 	Employee Initials	 
	 	 	______________	 

     

    

 

4.           
Return of UFP Property. You will return all UFP Property on or before your Separation Date.

 

5.           
Release of Claims. As a material inducement to UFP to enter into this Agreement and in consideration for the Severance
Benefits described in this Agreement, to the fullest extent allowed by law, you are releasing UFP from any and all claims you may
have. This is intended to operate as a general release, and the following paragraphs in no way limit the scope of the release but
are non-exhaustive examples of the types of claims being released.

 

You, individually and
on behalf of your heirs, next of kin, estate, executors, administrators, successors and representatives (collectively referred
to as the “Releasors”), hereby irrevocably and unconditionally remise, release, acquit and forever discharge UFP Technologies,
Inc., and its past, present and future parent companies, subsidiaries, affiliates, divisions, and related entities, and their respective
past, present and future shareholders, directors, officers, members, partners, principals, trustees, employees, agents, representatives,
insurers, predecessors, successors, and assigns (collectively referred to as “Releasees”) from any and all charges,
complaints, claims, liabilities, obligations, promises, agreements, controversies, damages, actions, causes of action, suits, rights,
demands, costs, losses, debts and expenses (including attorney’s fees and costs), of any nature whatsoever, known or unknown,
which the Releasors, or any of them, now have or claim to have or which the Releasors at any time had or claimed to have had against
the Releasees, or any of them, up to the date of this Agreement, and particularly claims arising out of, related to or in connection
with your employment with UFP and/or termination thereof.

 

This release includes,
but is not limited to, claims at common law or created by federal, state or local statute, regulation or ordinance, including but
not limited to the Age Discrimination in Employment Act of 1967, 29 U.S.C. 621 and the Older Workers’ Benefit Protection
Act of 1990, as amended, the Civil Rights Act of 1964, 42 U.S.C. 2000e-1 et seq., the Civil Rights Act of 1991, the Fair
Labor Standards Act, the Americans with Disabilities Act, the Employee Retirement Income Security Act, and any and all state and
local anti-discrimination laws including but not limited to the Massachusetts Fair Employment Practices Act (G.L. chapter 151B).
Nothing in this Agreement prevents you from filing, cooperating with, or participating in any proceeding before the Equal Employment
Opportunity Commission (“EEOC”), the Massachusetts Commission Against Discrimination (“MCAD”), or any other
federal or state anti-discrimination agency. You acknowledge, however, that you waive any right to recover monetary benefits, claims
for reinstatement, attorneys’ fees or costs in connection with any such proceeding. 

 

6.           
Older Workers’ Benefit Protection Act Waiver. This Agreement is intended to comply with the Older Workers Benefit
Protection Act of 1990 regarding your waiver of rights under the Age Discrimination in Employment Act (“ADEA”).

 

a.           
You are specifically waiving your rights and claims under the ADEA.

 

b.           
The waiver of rights and claims under the ADEA does not extend to any rights or claims arising after the date you execute this
Agreement.

 

     	 	 2	Employee Initials	 
	 	 	______________	 

     

    

 

c.           
You acknowledge that you: (i) have carefully read and fully understand all of the provisions of this Agreement; (ii) knowingly
and voluntarily agree to, and intend to be legally bound by, all of the terms set forth in this Agreement; and (iii) that you are
receiving Severance Benefits to which you are not otherwise entitled.

 

d.           
You acknowledge that the Company has advised you that due to softer business activity in 2020 as a result of the COVID crisis,
it has decided to reduce labor costs. The group of employees considered for this reduction in force (“RIF”) include
employees in the Corporate department. Selection criteria for employees included in the RIF was based on cost savings and the Company’s
business needs for the position. Exhibit A, which is attached, is a list of the job titles that were considered, age of the employee
and RIF status.

 

e.           
You acknowledge that UFP has advised you to consult with an attorney of your choice prior to signing this Agreement. You further
acknowledge that you have had the opportunity to consult with an attorney of your choice with respect to all terms and conditions
set forth in this Agreement and to have the advice of counsel with respect to your decision to sign and enter into this Agreement.

 

f.            
You acknowledge that you have had forty-five (45) days to consider the terms and conditions of this Agreement, to consult with
counsel of your choice, and to decide whether to sign and enter into this Agreement. If you sign this Agreement prior to the expiration
of the forty-five (45) day period, you acknowledge that in doing so you will voluntarily waive the balance of the forty-five (45)
days permitted. The forty-five (45) day period will not be extended due to negotiations or revisions to this Agreement.

 

g.           
You have seven (7) days after executing this Agreement to revoke your acceptance of it. Any such revocation must be received in
writing within the 7-day revocation period by:

 

UFP Technologies, Inc.

100 Hale Street

Newburyport, MA 01950

Attn.: Amy Concannon, Human Resources

 

The parties acknowledge and agree that
this Agreement is neither effective nor enforceable and neither party is obligated to perform the promises contained herein in
the event that the Agreement is revoked, or until expiration of the 7-day revocation period (the “Effective Date”).

 

		7.	Confidentiality; Non-disparagement. You expressly acknowledge and agree that:

 

		a.	You will comply with the terms of UFP’s Confidential Information Agreement, which you may request a copy of at any time.

 

		b.	You will not disclose any information relating in any way to the terms of this Agreement, except that you may disclose the
terms to an immediate family member, legal counsel or financial advisor, provided that any such individual to whom disclosure is
made agrees to be bound by these confidentiality obligations, and as required by law, including but not limited to applying for
unemployment benefits.

 

     	 	 3	Employee Initials	 
	 	 	______________	 

     

    

 

		c.	You have not and will not, at any time, including from the date of this Agreement to the date of
execution of this Agreement and at all times afterwards, make any remarks or comments to anyone, whether orally or in writing,
which reasonably could be construed to be derogatory or disparaging about UFP or any of its current or former affiliates, divisions,
subsidiaries and/or related entities, or any of their respective directors, officers, employees, products or services, or which
comments reasonably could be anticipated to be damaging or injurious to the reputation or good will of same. If you have failed
to comply with this Section before execution of this Agreement, the severance offer set forth in this Agreement may be rescinded,
even if you subsequently sign this Agreement.

 

8.           
Breach. You agree that the Severance Benefits under this Agreement shall be subject to immediate termination, forfeiture
and/or repayment if you take any action or engage in any conduct deemed by UFP to be in violation of this Agreement including but
not limited to your obligations under Section 7. You further acknowledge that any breach of this Agreement by you will cause irreparable
damage to UFP, and that in the event of such breach, UFP shall be entitled, in addition to monetary damages and to any other remedies
available to UFP under this Agreement and at law, to equitable relief, including injunctive relief, and to payment by you of all
costs and attorneys’ fees incurred by UFP in enforcing the provisions of this Agreement.

 

9.           
Cooperation. You agree to cooperate fully with UFP in any transition, and/or the defense or prosecution of any claims
or actions now in existence or which may be brought or threatened in the future against or on behalf of UFP, and any claim or action
brought by UFP against any other entity. You further agree that should you be contacted (directly or indirectly) by any individual
or entity about matters that may be adverse to the business interests of UFP, you will promptly (within 48 hours) notify UFP of
such contact including who contacted you and the substance of any such contact.

 

10.        
Miscellaneous. This Agreement shall not in any way be construed as an admission by UFP that it has acted wrongfully
or unlawfully in respect to you, and UFP specifically denies the same. This Agreement constitutes the entire agreement between
you and UFP and supersedes all other agreements and understandings, written and oral, with respect to your employment, its termination
and all related matters. This Agreement may not be modified, supplemented, canceled or discharged in any manner except in a written
document signed by both parties. Should any part, term or provision of this Agreement be determined by any tribunal, administrative
agency or court of competent jurisdiction to be illegal, invalid or unenforceable, the validity of the remaining parts, terms or
provisions shall not be affected thereby. This Agreement shall be interpreted under the laws of the Commonwealth of Massachusetts
without consideration of its conflict of laws provisions. Any action shall be filed exclusively in the state or federal courts
of the Commonwealth of Massachusetts.

 

11.        
Counterparts. This Agreement may be executed in separate counterparts, each of which shall be considered an original,
but all of which shall constitute one Agreement.

 

 

 

 

     	 	 4	Employee Initials	 
	 	 	______________	 

     

    

 

	 	UFP TECHNOLOGIES, INC.	 
	 	 	 
	 	 	 	 
	 	By:	R. Jeffrey Bailly	 
	 	 	President and CEO

 

 

 

 

 

 

 

If you execute this Agreement prior to the end of the forty-five
(45) day period set forth above, by signing below, you acknowledge and agree that you have waived the remainder of the forty-five
(45) day period. 

 

ACKNOWLEDGED AND AGREED:

 

 

	 	 
	William D. Smith	 
	 	 
	 	 
	Date	 

 

 

 

 

 

 

 

 

 

 

	 	 5	Employee Initials	 
	 	 	______________

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