Document:

Exhibit

Exhibit 10.2

International Notice of Terms
Supplemental Restricted Stock Units (Stock-Settled)
To:        
BEMSID:    
Grant Date:        
The Boeing Company (the “Company”) has awarded you a Supplemental Restricted Stock Unit award (the “Award”) pursuant to The Boeing Company 2003 Incentive Stock Plan, as amended and restated from time to time (the “Plan”), and the provisions contained herein (the “Notice”). Capitalized terms not otherwise defined in this Notice shall have the meaning ascribed to them in the Plan. Your Award is subject to the terms of the Plan. If there is any inconsistency between the terms of this Notice and the terms of the Plan, the Plan’s terms shall control. You are required to accept and acknowledge the terms and conditions of the Award, through the mechanism and procedures determined by the Company, as a condition to receiving the Award. The terms and conditions of the Award are as follows:
		
	1.
	RSU Award.  You have been awarded ___ Supplemental Restricted Stock Units (“RSUs”).  Each RSU corresponds to one share of Common Stock.  

		
	2.
	RSU Account.  The Company will maintain a record of the number of awarded RSUs in an account established in your name.

		
	3.
	Vesting of RSUs.  Subject to Sections 6 and 7, your RSUs will vest in three installments of 33%, 33%, and 34% respectively on each of the first, second, and third anniversaries of the Grant Date (or if such date(s) is not a Trading Day, the next Trading Day) (each such date, a “Vesting Date”).  As soon as reasonably practicable following the applicable Vesting Date, you shall receive a number of shares of Common Stock equal to the aggregate number of RSUs that vest as of such date. Notwithstanding the foregoing, the RSUs may be settled in the form of: (a) cash, to the extent settlement in shares of Common Stock (i) is not standard Company practice in your country of employment (ii) is prohibited under applicable laws, (iii) would require you, the Company or, if different, the Related Company that employs you (the “Employer”) to obtain the approval of any governmental and/or regulatory body in your country of residence (and country of employment, if different), or (iii) is administratively burdensome; or (b) shares of Common Stock, but the Company may require you to immediately sell such shares if necessary to comply with applicable laws (in which case, you hereby expressly authorize the Company to issue sales instructions in relation to such shares on your behalf).  If, after the grant date but prior to an applicable Vesting Date, you transfer employment to a Related Company in another country (you will be considered to have transferred to a Related Company if you are paid through that Related Company’s payroll) and the Company does not settle RSUs in shares of Common Stock in that country, the RSUs will be settled in cash. Subject to the terms and conditions outlined under Section 6 and 7, this Award is granted on the condition that you remain continuously employed by the Company or a Related Company from the Grant Date through the applicable Vesting Dates. “Trading Day” shall mean a day on which the New York Stock Exchange is open for trading. 

		
	4.
	Dividend Equivalents.

4.1  While RSUs are in your account, they will earn dividend equivalents in the form of additional RSUs.  Specifically, as of each dividend payment date for Common Stock, your RSU account will be credited with additional RSUs (“dividend equivalent RSUs”) equal in number to the number of shares of Common Stock that could be bought with the cash dividends that would be paid on the RSUs in your account if each RSU were one share of Common Stock.  
4.2  The number of shares of Common Stock that could be bought with the cash dividends will be calculated to two decimal places and will be based on the “Fair Market Value” of a share of Common Stock on the applicable dividend payment date.  For purposes of this Award, “Fair Market Value” means the average of the high and the low per share trading prices for Common Stock as reported by The Wall Street Journal for the specific dividend payment date, or by such other source as the Company deems reliable.
4.3  Dividend equivalent RSUs will vest at the same time and in the same manner as the RSUs with which they are associated.
		
	5.  
	Adjustment in Number of RSUs.  The number of RSUs in your account will be adjusted proportionately for any increase or decrease in the number of issued shares of Common Stock resulting from any stock split, combination or exchange of Common Stock, consolidation, spin-off or recapitalization of Common Stock, or any similar capital adjustment or the payment of any stock dividend.

		
	6.
	Termination Due to Layoff, Disability, or Death.  In the event your employment is terminated prior to the final Vesting Date by reason of layoff, disability, or death, your unvested RSUs, including any dividend equivalent RSUs, will vest in full. Payment for this Award will be made (i) in cash (rather than shares of Common Stock) as soon as administratively possible, but not later than 60 days after your termination of employment, in the event that your employment is terminated by reason of disability or death, or (ii) in shares of Common Stock at the same time as payment would have been made pursuant to Section 3 had your employment not terminated prior to the applicable Vesting Date, in the event that your employment is terminated by reason of layoff (provided, however, that if your termination by reason of layoff results in a taxable event at the time of termination, payment 

of the Award may be made in accordance with clause (i)).  For purposes of this Award, “disability” means a disability entitling you to benefits under any long-term disability policy sponsored by the Company or a Related Company.
		
	7.
	Forfeiture Upon Other Terminations.  In the event your employment is terminated prior to the final Vesting Date for any reason (including for cause and resignation) other than those reasons described in Section 6, all unvested RSUs (and all associated dividend equivalent RSUs) granted hereunder shall immediately be forfeited and canceled.

		
	8.
	Transferability.  RSUs are not transferable except by will or by laws of descent and distribution.  You may designate a beneficiary to receive your Award in the event of your death. 

		
	9.
	Clawback and Forfeiture Policy.  

9.1  This Award and any proceeds resulting from the vesting of this Award are subject to the Clawback Policy adopted by the Company’s Board of Directors, as amended from time to time (the “Policy”). The Policy provides (among other things) that an Award may be subject to clawback and forfeiture (meaning that the Award or proceeds thereof must be promptly returned to the Company if already distributed, or that you will lose your entitlement to an Award if it has not yet been distributed) in the discretion of the Committee, if the Committee determines that you have (i) violated, or engaged in negligent conduct in connection with the supervision of someone who violated, any Company policy, law, or regulation that has compromised the safety of any of the Company’s products or services and has, or reasonably could be expected to have, a material adverse impact on the Company, the Company’s customers or the public; or (ii) engaged in fraud, bribery, or illegal acts like fraud or bribery, or knowingly failed to report such acts of an employee over whom you had direct supervisory responsibility.  
9.2  In addition, subject to applicable law, or except as may be otherwise provided in the Addendum, this Award and any proceeds resulting from the vesting of this Award are subject to clawback and forfeiture in the event you engage in any of the following conduct, as determined by the Company or its delegate in its sole discretion, prior to the second anniversary of the later of the final Vesting Date or receipt of payment of the Award: you (i) plead or admit to, are convicted of, or are otherwise found guilty of a criminal or indictable offense involving theft, fraud, embezzlement, or other similar unlawful acts against the Company or against the Company’s interests; (ii) directly or indirectly engage in competition with any aspect of Company business with which you were involved or about which you gained Company proprietary or confidential information; (iii) induce or attempt to induce, directly or indirectly, any of the Company’s employees, representatives or consultants to terminate, discontinue or cease working with or for the Company, or to breach any contract with the Company, in order to work with or for, or enter into a contract with, you or any third party; (iv) disparage or defame the Company or its products or current or former employees, provided that this clause shall not be construed to prohibit any individual from reporting, in good faith, suspected unlawful conduct in the workplace; or (v) take, misappropriate, use or disclose Company proprietary or confidential information. Clawback can, if possible and where permitted by local law, be made by deducting payments that will become due in future (including salary, bonuses, or share awards). Your acceptance of this Award shall constitute your acknowledgement and recognition that your compliance with this Section 9 is a condition for your receipt of this Award.  For purposes of this Section 9, the Company shall include the Company and all Related Companies.
9.3  Nothing in this Section 9 will apply to legally protected communications to government agencies or statements made in the course of sworn testimony in administrative, judicial or arbitral proceedings.  
		
	10.
	Tax Withholding.  Subject to the terms of the Plan and as a condition to the grant of the RSUs, you acknowledge and agree that, regardless of any action taken by the Company or the Employer, the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you (“Tax-Related Items”), is and remains your responsibility and may exceed the amount actually withheld by the Company or the Employer.  You further acknowledge that the Company and/or the Employer (a) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the RSUs, including, but not limited to, the grant, vesting or payment of the RSUs; and (b) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the RSUs to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. If your country of employment (and/or the country of residence, if different) requires withholding of Tax-Related Items, then prior to the issuance and delivery of any shares of Common Stock or cash upon the vesting of this Award, the Company, the Employer, or any plan administrator, as applicable: (x) shall withhold a sufficient number of whole shares of Common Stock otherwise issuable upon the vesting of this Award that have an aggregate Fair Market Value sufficient to pay the Tax-Related Items required to be withheld (in which case, the cash equivalent of such withheld shares of Common Stock shall be used to settle the withholding obligation); or (y) shall withhold an amount from your regular salary and/or wages, or from any other amounts payable to you, equal to the Tax-Related Items required to be withheld.  

Depending on the withholding method, the Company, the Employer, or any plan administrator, as applicable, may withhold or account for Tax-Related Items by considering applicable statutory withholding rates, but such withholding shall not exceed an amount of withholding based on the maximum statutory rates in your applicable tax jurisdiction(s) (unless a lesser amount of withholding is required to avoid the classification of this Award as a liability on the Company’s consolidated balance sheet or other adverse accounting treatment).
In the event the withholding requirements are not satisfied through the withholding of shares of Common Stock or through your regular salary and/or wages or other amounts payable to you, no shares of Common Stock will be issued to you and no cash payment will be made unless and until satisfactory arrangements (as determined by the Company or its delegate) have been 

made by you with respect to the payment of any Tax-Related Items which the Company determines, in its sole discretion, must be withheld or collected with respect to this Award. If you are subject to taxation in more than one jurisdiction, you acknowledge that the Company and/or the Employer may be required to withhold or account for Tax-Related Items in more than one jurisdiction. By accepting the grant of this Award, you expressly consent to the withholding of shares of Common Stock and/or the withholding of amounts from your regular salary and/or wages, or other amounts payable to you, as provided for hereunder. All other Tax-Related Items related to this Award and any shares of Common Stock or cash acquired pursuant to the vesting of this Award are your sole responsibility.
		
	11.
	Consent to Collection, Processing and Transfer of Personal Data.  The Company is located at 100 North Riverside, Chicago, IL 60606, U.S.A. and grants RSUs under the Plan to employees of the Company and its Related Companies in its sole discretion. In conjunction with the Company’s grant of the RSUs under the Plan and its ongoing administration of such awards, the Company is providing the following information about its data collection, processing and transfer practices (“Personal Data Activities”). In accepting the grant of the RSUs, you expressly and explicitly consent to the Personal Data Activities as described herein.

11.1 Data Collection, Processing and Usage. The Company collects, processes and uses your personal data, including your name, home address, email address, and telephone number, date of birth, social insurance number or other identification number, salary, citizenship, job title, any Common Stock or directorships held in the Company, and details of all RSUs or any other equity compensation awards granted, canceled, exercised, vested, or outstanding in your favor, which the Company receives from you. In granting the RSUs under the Plan, the Company will collect, process and use your personal data for purposes of allocating Common Stock and implementing, administering and managing the Plan. The Company’s legal basis for the collection, processing and usage of your personal data is your consent.
11.2 Stock Plan Administration Service Provider. The Company transfers your personal data to an independent service provider based in the United States, which assists the Company with the implementation, administration and management of the Plan (the “Stock Plan Administrator”).  In the future, the Company may select a different Stock Plan Administrator and share your personal data with another company that serves in a similar manner.  The Stock Plan Administrator will open an account for you to receive and trade Common Stock acquired under the Plan. You will be asked to agree on separate terms and data processing practices with the Stock Plan Administrator, which is a condition to your ability to participate in the Plan.
11.3 International Data Transfers. The Company and the Stock Plan Administrator are based in the United States.  You should note that your country of residence may have enacted data privacy laws that are different from the United States. The Company’s legal basis for the transfer of your personal data to the United States is your consent.
11.4 Voluntariness and Consequences of Consent Denial or Withdrawal. Your participation in the Plan and your grant of consent is purely voluntary. You may deny or withdraw your consent at any time. If you do not consent, or if you later withdraw your consent, you may be unable to participate in the Plan.  This would not affect your existing employment or salary; instead, you would forfeit the opportunities associated with the Plan.
11.5 Data Subjects Rights. You may have a number of rights under the data privacy laws in your country of residence. For example, your rights may include the right to (i) request access or copies of personal data the Company processes, (ii) request rectification of incorrect data, (iii) request deletion of data, (iv) place restrictions on processing, (v) lodge complaints with competent authorities in your country, and/or (vi) request a list with the names and addresses of any potential recipients of your personal data.  To receive clarification regarding your rights or to exercise your rights, you should contact your local human resources department.
		
	12.
	Miscellaneous.

12.1  No Right to Continued Employment or Service.  This Notice shall not confer upon you any right to continuation of employment by the Company or any Related Company nor shall this Notice interfere in any way with the Company’s or any Related Company’s right to terminate your employment at any time, except to the extent expressly provided otherwise in a written agreement between you and the Company or a Related Company or as prohibited by law.
12.2  Termination Indemnities.  The Award is an extraordinary item of compensation outside the scope of your employment contract, if any.  As such, the Award is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension, or retirement benefits or similar payments to which you may be otherwise entitled.  
12.3  Discretionary Nature of Plan; No Vested Rights.  You acknowledge and agree that the Plan is discretionary in nature and limited in duration, and may be amended, cancelled, or terminated by the Company, in its sole discretion, at any time.  The grant of the Award under the Plan is a one-time benefit and does not create any contractual or other right to receive other awards or benefits in lieu of awards in the future.  Future awards, if any, will be at the sole discretion of the Company, including, but not limited to, the timing of any grant, the form of award, and the vesting provisions.
12.4  EU Age Discrimination Rules.  If you are a local national of and employed in a country that is a member of the European Union, the grant of this Award and the terms and conditions governing this Award are intended to comply with the age discrimination provisions of the EU Equal Treatment Framework Directive, as implemented into local law (the “Age Discrimination 

Rules”).  To the extent that a court or tribunal of competent jurisdiction determines that any provision of this Notice is invalid or unenforceable, in whole or in part, under the Age Discrimination Rules, the Company, in its sole discretion, shall have the power and authority to revise or strike such provision to the minimum extent necessary to make it valid and enforceable to the full extent permitted under local law.
12.5  Electronic Delivery.  The Company may, in its sole discretion, decide to deliver any documents related to the Award or other awards granted to you under the Plan by electronic means.  You hereby consent to receive such documents by electronic delivery and agree to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party-designated by the Company.
12.6  Private Placement.  The grant of the Award is not intended to be a public offering of securities in your country of residence (and country of employment, if different) but instead is intended to be a private placement.  As a private placement, the Company has not submitted any registration statement, prospectus or other filings with the local securities authorities (unless otherwise required under local law), and the grant of the Award is not subject to the supervision of the local securities authorities. 
12.7  English Language.  You acknowledge and agree that it is your express intent that the Notice, the Plan and all other documents, notices and legal proceedings entered into, given or instituted pursuant to the Award, be drawn up in English. If you are in a country where English is not an official language, you acknowledge that you are sufficiently proficient in English or have the ability to consult with an advisor who is sufficiently proficient in the English language, so as to allow you to understand the terms and conditions of this Notice, the Plan and any other documents related to the Award. If you have received the Notice, the Plan or any other documents related to the RSUs translated into a language other than English, and if the meaning of the translated version is different than the English version, the English version will control.
12.8  Section 409A.  This Award is intended to be exempt from or otherwise comply with Section 409A of the U.S. Internal Revenue Code and the regulations and guidance issued thereunder (“Section 409A”), and shall be interpreted and construed consistently with such intent.  If you are a Specified Employee (as defined by the Company for purposes of Section 409A) upon your separation from service (as defined under Section 409A), any payments that are subject to the requirements of Section 409A and payable upon such separation from service from shall be delayed until six months after the date of the separation from service, to the extent required under Section 409A.
12.9  Compliance with Local Law.  If you are resident or employed outside of the United States, as a condition to the grant of the Award, you agree to repatriate all payments attributable to the shares of Common Stock or cash acquired under the Plan in accordance with local foreign exchange rules and regulations in your country of residence (and country of employment, if different).  In addition, you agree to take any and all actions, and consent to any and all actions taken by the Company and its Related Companies, as may be required to allow the Company and its Related Companies to comply with local laws, rules and regulations in your country of residence (and country of employment, if different).  Finally, you agree to take any and all actions as may be required to comply with your personal legal and tax obligations under local laws, rules and regulations in your country of residence (and country of employment, if different).
12.10  Requirements of Law.  The Award and payment thereof shall be subject to, and conditioned upon, satisfaction of all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required.
12.11  Addendum to Notice.  Notwithstanding any provisions of this Notice to the contrary, the Award shall be subject to such special terms and conditions for your country of residence (and country of employment, if different), as the Company may determine in its sole discretion and which shall be set forth in an addendum to these terms and conditions (the “Addendum”).  If you transfer your residence and/or employment to another country, any special terms and conditions for such country will apply to the Award to the extent the Company determines, in its sole discretion, that the application of such terms and conditions is necessary or advisable in order to comply with local laws, rules and regulations, or to facilitate the operation and administration of the Award and the Plan (or the Company may establish alternative terms and conditions as may be necessary or advisable to accommodate your transfer).  In all circumstances, the Addendum shall constitute part of this Notice.
12.12  Governing Law.  All questions concerning the construction, validity and interpretation of this Notice and the Plan shall be governed and construed according to the laws of the State of Delaware in the United States without regard to the application of the conflicts of laws provisions thereof, except as may be expressly required by other applicable law or as may be otherwise provided in the Addendum.  Any disputes regarding this Award or the Plan shall be brought only in the state or federal courts of the State of Delaware in the United States, except as may be expressly required by other applicable law or as may be otherwise provided in the Addendum.
12.13  Insider Trading Notice. You acknowledge that, depending on your broker’s country of residence or where Common Stock is listed, you may be subject to insider trading restrictions and/or market abuse laws which may affect your ability to accept, acquire, sell or otherwise dispose of Common Stock, rights to Common Stock or rights linked to the value of Common Stock during such times you are considered to have “inside information” regarding the Company as defined in the laws or regulations in your country. Local insider trading laws and regulations may prohibit the cancellation or amendment of orders you placed before you possessed inside information. Furthermore, you could be prohibited from (i) disclosing the inside information to any third party (other than on a “need to know” basis) and (ii) “tipping” third parties or causing them otherwise to buy or sell securities. You understand that third parties may include fellow employees. Any restrictions under these laws or 

regulations are separate from and in addition to any restrictions that may be imposed under any applicable Company insider trading policy. You acknowledge that it is your responsibility to comply with any restrictions and you are advised to speak to your personal legal advisor on this matter.
12.14  Additional Requirements.  The Company reserves the right to impose other requirements on the Award, and your participation in the Plan, to the extent the Company determines, in its sole discretion, that such other requirements are necessary or advisable in order to comply with local laws, rules and regulations, or to facilitate the operation and administration of the Award and the Plan.  Such requirements may include (but are not limited to) requiring you to sign any agreements or undertakings that may be necessary to accomplish the foregoing.
12.15  Agreement to Terms of Plan, Notice and Addendum.  By accepting this Award, you acknowledge that you have read and understand this Notice, the Addendum to this Notice, and the Plan, and you specifically accept and agree to the provisions contained therein.

Addendum to 
International Notice of Terms of Supplemental Restricted Stock Units (Stock-Settled)
In addition to the terms of the Plan and the Notice, the Award is subject to the following additional terms and conditions as set forth in this Addendum to the extent you reside and/or are employed in one of the countries addressed herein.  All defined terms as contained in this Addendum shall have the same meaning as set forth in the Plan and this Notice. To the extent you transfer residence and/or employment to another country, the special terms and conditions for such country as reflected in this Addendum (if any) will apply to you to the extent the Company determines, in its sole discretion, that the application of such terms and conditions is necessary or advisable in order to comply with local laws, rules and regulations, or to facilitate the operation and administration of the Award and the Plan (or the Company may establish alternative terms and conditions as may be necessary or advisable to accommodate your transfer).
Canada
1.    Clawback and Forfeiture Policy. The following provision shall replace Section 9.2 of the Notice: 
10.2. In addition, subject to applicable law, this Award and any proceeds resulting from the vesting of this Award are subject to clawback and forfeiture in the event you engage in any of the following conduct, as determined by the Company or its delegate in its sole discretion, prior to the second anniversary of the later of the final Vesting Date or receipt of payment of the Award: you (i) plead or admit to, are convicted of, or are otherwise found guilty of a criminal or indictable offense involving theft, fraud, embezzlement, or other similar unlawful acts against the Company or against the Company’s interests; (ii) directly or indirectly engage, within Canada, in competition with any aspect of Company business with which you were directly involved or about which you gained proprietary or confidential information during the twenty-four (24) months before the date you engaged in such competitive activity; (iii) induce or attempt to induce, directly or indirectly, any of the Company’s employees, representatives or consultants, with whom you engaged on behalf of the Company during the twenty-four (24) months before the date of such inducement, to terminate, discontinue or cease working with or for the Company, or to breach any contract with the Company, in order to work with or for, or enter into a contract with, you or any third party; (iv) disparage or defame the Company or its products or current or former employees, provided that this clause shall not be construed to prohibit any individual from reporting, in good faith, suspected unlawful conduct in the workplace; or (v) take, misappropriate, use or disclose Company proprietary or confidential information. Clawback can, if possible and where permitted by local law, be made by deducting payments that will become due in future (including salary, bonuses, or share awards). Your acceptance of this Award shall constitute your acknowledgement and recognition that your compliance with this Section 9 is a condition for your receipt of this Award.  For purposes of this Section 9, the Company shall include the Company and all Related Companies.
		
	2.
	Use of English Language.   If you are a resident of Quebec, by accepting your RSUs, you acknowledge and agree that it is your wish that the Notice, this Addendum, as well as all other documents, notices and legal proceedings entered into, given or instituted pursuant to your RSUs, either directly or indirectly, be drawn up in English.  

Langue anglaise.  En acceptant l’allocation de vos RSUs, vous reconnaissez et acceptez avoir souhaité que le accord, le présent avenant, ainsi que tous autres documents exécutés, avis donnés et procédures judiciaires intentées, relatifs, directement ou indirectement, à l’allocation de vos RSUs, soient rédigés en anglais.
BY SIGNING BELOW, YOU ACKNOWLEDGE, UNDERSTAND AND AGREE TO THE PROVISIONS OF THE NOTICE, THE PLAN AND THIS ADDENDUM.
	
	
	 

	Signature

	 

	 

	Printed Name

	 

	 

	Date

IMPORTANT NOTE: THIS ADDENDUM MUST BE SIGNED AND RETURNED TO THE LOCAL HR DEPARTMENT OF THE COMPANY’S AFFILIATE IN CANADA NO LATER THAN JUNE 15, 2020.

United Kingdom
		
	1. 
	Clawback and Forfeiture Policy. The following shall modify Section 9.2 of the Notice:

Clauses (ii) and (iii) of Section 9.2 shall not apply.

This Award and any proceeds resulting from the vesting of this Award are also subject to clawback and forfeiture in the event you engage in any of the following conduct, as determined by the Company or its delegate in its sole discretion, within the Restricted Period: directly or indirectly, for your own benefit or that of others, (a) be employed by or otherwise provide services to a Competing Business which is being carried out or to be carried out in any Restricted Territory; (b) set up or carry on a Competing Business which is being carried out or to be carried out in any Restricted Territory; (c) solicit, attempt to solicit, assist in soliciting, entice away, or try to entice away, from the Company or any Related Company any Key Person; or (d) be personally involved to a material extent in accepting into employment, recruiting, engaging, or otherwise using the services of any Key Person. For the avoidance of doubt, none of the restrictions contained in this Section prevent you from holding any shares or other securities in any company or from doing anything for which the Company has given its prior written consent. The Company encourages you to seek such consent if necessary.
The restrictions this Section are considered by the parties to be fair and reasonable in all circumstances. Each of the restrictions contained in this Section, including the sub-paragraphs and sub-clauses thereof, constitutes an entirely separate, severable and independent restriction. If any restriction is found to be invalid this will not affect the validity or enforceability of any of the other restrictions. It is agreed that if any such restrictions by themselves, or taken together, are for any reason unenforceable, but would be enforceable if part or parts of the wording were deleted, the relevant restriction or restrictions shall apply with such deletion(s) as may be necessary to make it or them valid and enforceable.  
For the purposes of this Section, any capitalized terms shall have the following meaning:
“Competing Business” means any business which competes with or is preparing to compete with (a) any business carried on by the Company or any Related Company; or (b) any business which the Company or any Related Company is proposing to carry on and has taken material steps towards conducting; and in each of cases (a) and (b) in respect of which business of the Company or Related Company you: (i) had material responsibilities (including, without limitation, supervisory or management responsibilities) or carried out material duties; or (ii) otherwise obtained Relevant Confidential Information, in each case in the course of your employment.
“Key Person” means any employee, director, or consultant engaged by the Company or any Related Company who provides or has provided executive, managerial, supervisory, financial, engineering, creative, professional, technical, account handling, or similar services to the Company or any Related Company  (a) with whom you have had material dealings; or (b) in respect of whom you have obtained Relevant Confidential Information about their skills, role, responsibilities, expertise, or other Relevant Confidential Information or material nonpublic information relevant to their potential recruitment or engagement, in each case at any time during the course of your employment.  
“Relevant Confidential Information” means information not generally known outside the Company or any Related Company or information entrusted to the Company or any Related Company by third parties, which may relate (by way of example and without limitation) to inventions, formulas, patterns, devices, methods, processes, computer technology and programming, research, development, engineering, manufacturing, purchasing, accounting, marketing, or selling, and may be contained (by way of example and without limitation) in materials such as drawings, models, data, specifications, records, reports, complications, or computer programs, and may be in the nature of unwritten knowledge or know-how, in each case, that may or would be of value to any business which competes or is preparing to compete with the Company or a Related Company.
“Restricted Period” means the period ending on the earlier of: (a) the second anniversary of the later of the final Vesting Date or the payment date for the Award; or (b) the six month anniversary of your termination of employment. 
“Restricted Territory” means: (a) the United Kingdom; or (b) any other country where the Company or a Related Company carries out business and in relation to which you have had material responsibilities (including, without limitation, supervisory or management responsibilities) or carried out material duties during the course of your employment; or (c) any other country where the Company or a Related Company carries out business and in relation to which you acquired Relevant Confidential Information during the course of your employment.
		
	2.
	Income Tax and Social Insurance Contribution Withholding.  The following provision shall replace Section 10 of this Notice:

Without limitation to Section 10 of this Notice, you agree that you are liable for all Tax-Related Items and hereby covenants to pay all such Tax-Related Items, as and when requested by the Company, the Employer or by Her Majesty’s Revenue and Customs (“HMRC”) (or any other tax authority or any other relevant authority). You also agree to indemnify and keep indemnified the Company and the Employer against any Tax-Related Items that they are required to pay or withhold or have paid or will pay on your behalf to HMRC (or any other tax authority or any other relevant authority).
Notwithstanding the foregoing, if you are a director or executive officer (as within the meaning of Section 13(k) of the U.S. Securities Exchange Act of 1934, as amended), the terms of the immediately foregoing provision will not apply. In the event that you are a director or executive officer and income tax due is not collected from or paid by you within ninety (90) days after the U.K. tax year in which an event giving rise to the indemnification described above occurs, the amount of any uncollected tax may constitute a benefit to you on which additional income tax and national insurance contributions may be payable. You acknowledge that you ultimately will be responsible for reporting and paying any income tax due on 

this additional benefit directly to HMRC under the self-assessment regime and for reimbursing the Company or the Employer (as applicable) for the value of any employee national insurance contributions due on this additional benefit, which the Company and/or the Employer may recover from you at any time thereafter by any of the means referred to in Section 10 of this Notice.
		
	3.
	Exclusion of Claim. You acknowledge and agree that you shall have no entitlement to compensation or damages in consequence of the termination of your employment with the Company or any Related Company for any reason whatsoever and whether or not in breach of contract, insofar as such entitlement arises or may arise from your ceasing to have rights under or to be entitled to vesting in your RSUs as a result of such termination, or from the loss or diminution in value of your RSUs.  Upon the grant of your RSUs, you shall be deemed irrevocably to have waived any such entitlement.

		
	4. 
	Brexit. To the extent that the United Kingdom is no longer a part of the European Union following the United Kingdom’s anticipated withdrawal from the European Union, but the laws discussed herein still apply to the United Kingdom for a period of time following the anticipated withdrawal, all references to the European Union shall include the United Kingdom, unless otherwise stated in this document. 

Acknowledgement and Acceptance:
I acknowledge that I have read and understand this Notice, the Addendum, and the Plan, and I accept and agree to the provisions contained therein.
	
			
	Name:
	 

	 
	 
	 

	Signature:
	 

	 
	 
	 

	Date:Exhibit 10.1

 

EXECUTION VERSION 

 

SHAREHOLDER SUPPORT AGREEMENT

 

SHAREHOLDER SUPPORT AGREEMENT,
dated as of July 25, 2020 (this “Agreement”), by and among SCHULTZE SPECIAL PURPOSE ACQUISITION CORP,
a Delaware corporation (“SPAC”), CLEVER LEAVES HOLDINGS INC., a corporation organized under the laws
of British Columbia, Canada (“Holdco”), and certain of the shareholders of CLEVER LEAVES INTERNATIONAL INC.,
a corporation organized under the laws of British Columbia, Canada (the “Company”), whose names appear on the
signature pages of this Agreement (each, a “Shareholder” and, collectively, the “Shareholders”).

 

WHEREAS, SPAC, Holdco, the
Company and NOVEL MERGER SUB INC., a Delaware corporation and a wholly-owned direct subsidiary of Holdco (“Merger Sub”),
propose to enter into, concurrently herewith, a business combination agreement (the “BCA”; capitalized terms
used but not defined in this Agreement shall have the meanings ascribed to such terms in the BCA), which provides for, among other
things, a business combination among Holdco, SPAC, the Company and Merger Sub; and

 

WHEREAS, as of the date hereof,
each Shareholder owns of record the number of Company Common Shares and/or Company Preferred Shares set forth on such Shareholder’s
signature page hereto (all such Company Common Shares and Company Preferred Shares held by each such Shareholder as of the date
of this Agreement and any Company Common Shares and Company Preferred Shares of which ownership of record or the power to vote
is hereafter acquired by the Shareholders prior to the termination of this Agreement being referred to herein collectively as the
“Shares”).

 

NOW, THEREFORE, each Shareholder,
severally and not jointly, hereby agrees as follows:

 

1. Agreement
to Vote. Each Shareholder, by this Agreement, with respect to its Shares, severally and not jointly, hereby agrees (and agrees
to execute such documents or certificates effectuating such agreement as SPAC may reasonably request in connection therewith) to
vote, at any meeting of the Company Shareholders, and in any action by written consent of the Company Shareholders, all of such
Shareholder’s Shares (a) in favor of the Company Arrangement Resolution and the Transactions, (b) against any action, agreement
or transaction in respect of any Company Acquisition Proposal, or other merger, take-over bid, amalgamation, plan of arrangement,
business combination, reorganization, recapitalization, dissolution, liquidation, winding up or other similar transaction involving
the Company or any of the Company Subsidiaries, other than (i) the Transactions or (ii) that would reasonably prevent or materially
delay the successful completion of the Transactions, including, any amendment to the (x) Company Notice of Articles or (y) Company
Articles of any of the Company Subsidiaries or their respective corporate structures or capitalization, in each case, that would
reasonably prevent or materially delay the successful completion of the Transactions and (c) in favor of any other matter reasonably
necessary to the consummation of the Transactions and considered and voted upon by the Company Shareholders. Each Shareholder acknowledges
receipt and review of a copy of the BCA. Except as expressly set forth in this Section 1, nothing in this Agreement shall
limit the right of each Shareholder to vote (including by proxy or written consent, if applicable) in favor of, against or abstain
with respect to any matters presented to the Company Shareholders.

 

    	 	 	 

     

    

 

2. Transfer
of Shares. Absent the prior written consent of SPAC (which may be granted or withheld in SPAC’s sole discretion), each
Shareholder severally and not jointly, agrees that it shall not, directly or indirectly, (a) sell, assign, transfer (other
than by operation of law), gift, lien, pledge, hypothecate, dispose of or otherwise encumber any of the Shares or otherwise agree
to do any of the foregoing, (b) deposit any Shares into a voting trust or enter into a voting agreement or arrangement or
grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement, (c) enter into any contract,
option or other arrangement or undertaking with respect to the direct or indirect acquisition or sale, assignment, transfer (other
than by operation of law), gift or other disposition of any Shares, or (d) take any action that would make any representation or
warranty of such Shareholder herein untrue or incorrect in any respect or have the effect of preventing or disabling the Shareholder
from performing its obligations hereunder.

 

3. No Solicitation
of Transactions. Each Shareholder severally and not jointly, agrees that it will not, and will not knowingly permit any entity
under its control to, directly or indirectly, through any officer, director, representative, agent or otherwise, (a) solicit,
initiate or knowingly encourage (including by furnishing information) the submission of, or participate in any discussions or negotiations
regarding, any transaction in violation of the BCA or (b) participate in any discussions or negotiations regarding, or furnish
to any person, any information with respect to, or otherwise cooperate in any way with respect to, or knowingly assist or participate
in, knowingly facilitate or encourage, any unsolicited proposal that constitutes, or may reasonably be expected to lead to a violation
of the BCA. Each Shareholder shall, and shall direct its representatives and agents to, immediately cease and cause to be terminated
any discussions or negotiations with any parties that may be ongoing with respect to any transaction involving the Company or any
Company Subsidiary (other than the Transactions) to the extent required by the BCA. Notwithstanding the foregoing, nothing herein
shall prevent any Shareholder or any Representative of any Shareholder from acting in his capacity as an officer or director of
the Company or from taking or participating in any action otherwise precluded pursuant to this Agreement that such person is entitled
to take pursuant to the BCA in his or her capacity as an officer or director of the Company (and any such permitted action shall
not be deemed to be a violation of this Section 3).

 

4. No Proxy
Solicitations. Each Shareholder severally and not jointly, agrees that it will not, and will not permit any entity under the
Shareholder’s control to, directly or indirectly, through any officer, director, representative, agent or otherwise, (a)
solicit proxies or become a participant in a solicitation in opposition to or competition with the Transactions, (b) assist any
person, entity or group in taking or planning any action that would or could reasonably be expected to compete with, restrain,
materially delay the completion of the Transactions or (c) act jointly or in concert with others with respect to voting securities
of the Company for the purpose of opposing or competing with the Company or its affiliates in connection with the Transactions.

 

5. Other Restrictions.
Each Shareholder severally and not jointly, agrees that it will not, and will not permit any entity under its control to: (a) exercise
any Arrangement Dissent Rights provided under applicable Laws or otherwise in connection with the Transactions or (b) grant any
proxy, power of attorney or other right to vote the Shares, except for proxies or voting instructions to vote such Shares in accordance
with Section 1 hereof.

 

    	 	2	 

     

    

 

6. Lockup.

 

(a)    For
purposes of this Section 6:

 

(i)    “Immediate
Family” means any relationship by blood, marriage, domestic partnership or adoption, not more remote than first cousin.

 

(ii)    “Lockup
Period” means the period commencing on the effective date of the registration statement on Form S-4 relating to the Transactions
and ending on the earlier of (A) the date that is one (1) year following the Closing Date and (B) the date on which the closing
price of the Holdco Common Shares on Nasdaq as reported by Bloomberg Financial L.P. using the AQR function equals or exceeds $12.50
per share (as adjusted for stock splits, stock dividends, reorganizations, and recapitalizations) for any 20 trading days within
any consecutive 30-trading day period commencing after the 180th day after the Closing Date.

 

(iii)    “Subject
Securities” means any Subject Common Shares or any securities convertible into or exercisable or exchangeable (directly
or indirectly) for Subject Common Shares owned, directly or indirectly, by any Shareholder, or under control or direction of any
Shareholder or with respect to which any Shareholder has beneficial ownership.

 

(iv)    “Subject
Common Shares” means common shares of the Company or Holdco, owned, directly or indirectly, by any Shareholder, or under
control or direction of any Shareholder or with respect to which any Shareholder has beneficial ownership.

 

(b)    Each
Shareholder hereby acknowledges, covenants and agrees that, without the prior written consent of Holdco, such Shareholder will
not, during the Lockup Period: (i) lend; offer; pledge; sell; contract to sell; sell any option or contract to purchase; purchase
any option or contract to sell; grant any option, right, or warrant to purchase; or otherwise transfer or dispose of, directly
or indirectly, any Subject Securities or (ii) enter into, or allow to exist, any swap or other arrangement that transfers to another,
in whole or in part, directly or indirectly, any of the economic consequences of ownership of the Subject Securities, whether any
such transaction described in clause (i) or (ii) above is to be settled by delivery of Subject Common Shares or other securities
of Holdco, in cash, or otherwise. Each Shareholder further agrees to execute such agreements as may be reasonably requested by
the Company in connection with the Transactions that are consistent with this Section 6 or that are necessary to give further effect
thereto.

 

    	 	3	 

     

    

 

(c)    The
foregoing provisions of Section 6(b) shall not apply to the following:

 

(i)    transactions
relating to Holdco Common Shares acquired by such Shareholder in open market transactions, provided that it shall be a condition
to the transfer that no filing under Section 16(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
reporting such transfer of the Holdco Common Shares, shall be required or shall be voluntarily made during the Lockup Period;

 

(ii)    transfers
of Holdco Common Shares as a bona fide gift, provided that the donee or donees thereof agree to be bound in writing
by the restrictions set forth herein;

 

(iii)    transfers
of Holdco Common Shares to any trust or other entity formed for estate planning purposes for the direct or indirect benefit of
such Shareholder or the Immediate Family of such Shareholder, provided that (A) the trustee of the trust agrees
to be bound in writing by the restrictions set forth herein and (B) any such transfer shall not involve a disposition for
value;

 

(iv)    transfers
of Holdco Common Shares by will or intestate succession, provided that (A) the transferee agrees to be bound in writing
by the restrictions set forth herein and (B) any such transfer shall not involve a disposition for value;

 

(v)    transfers
of Holdco Common Shares pursuant to a qualified domestic order or in connection with a divorce settlement, provided the
transferee agrees to be bound in writing by the restrictions set forth herein;

 

(vi)    transfers
of Holdco Common Shares to another person that controls, is controlled by or is under common control or management with such Shareholder,
if applicable, provided that (A) the transferee or distributee agrees to be bound in writing by the restrictions
set forth herein and (B) any such transfer shall not involve a disposition for value;

 

(vii)    distributions
of Holdco Common Shares to members, partners or shareholders of such Shareholder, if applicable, provided that (A) the
transferee or distributee agrees to be bound in writing by the restrictions set forth herein and (B) any such transfer shall
not involve a disposition for value;

 

(viii)    transfers
of Holdco Common Shares to officers, directors or affiliates of such Shareholder, if applicable, provided that (A) the
transferee or distributee agrees to be bound in writing by the restrictions set forth herein, (B) any such transfer shall
not involve a disposition for value and (C) no filing under Section 16(a) of the Exchange Act, reporting such transfer
of the Holdco Common Shares, shall be required or shall be voluntarily made during the Lockup Period; or

 

(ix)    pledges
of shares of the Holdco Common Shares as security or collateral in connection with any borrowing or the incurrence of any indebtedness
of such Shareholder, provided that such borrowing or incurrence of indebtedness is secured by a portfolio of assets or equity
interests issued by multiple issuers, provided further that the Holdco Common Shares pledged remain subject to this Section
6.

 

    	 	4	 

     

    

 

7. Representations
and Warranties. Each Shareholder severally and not jointly, represents and warrants to SPAC as follows:

 

(a)    The
execution, delivery and performance by such Shareholder of this Agreement and the consummation by such Shareholder of the transactions
contemplated hereby do not and will not (i) conflict with or violate any United States or non-United States Law applicable to such
Shareholder, (ii) require any consent, approval or authorization of, declaration, filing or registration with, or notice to,
any person or entity (except for filings with the Securities and Exchange Commission (the “SEC”) by such Shareholder
or as would not impact Shareholder’s ability to perform or comply with its obligations under this Agreement in any material
respect), (iii) result in the creation of any encumbrance on any Shares (other than pursuant to this Agreement) or (iv) if applicable,
conflict with or result in a breach of or constitute a default under any provision of such Shareholder’s governing documents.

 

(b)    Such
Shareholder owns exclusively, beneficially and of record and has good, valid and marketable title to the Shares set forth on such
Shareholder’s signature page hereto free and clear of any security interest, lien, claim, pledge, hypothecate, proxy, option,
right of first refusal, agreement, voting restriction, limitation on disposition, charge, adverse claim of ownership or use or
other encumbrance of any kind, other than pursuant to (i) this Agreement, (ii) applicable securities laws or (iii) as specifically
disclosed on such Shareholder’s signature page hereto, and has, except as specifically disclosed on such Shareholder’s
signature page hereto, the sole power (as currently in effect) to vote and full right, power and authority to sell, transfer and
deliver such Shares, and such Shareholder does not own, directly or indirectly, any other Shares.

 

(c)    Such
Shareholder has the power, authority and capacity to execute, deliver and perform this Agreement and that this Agreement has been
duly authorized, executed and delivered by such Shareholder.

 

8. Termination.
This Agreement and the obligations of the Shareholders under this Agreement shall automatically terminate: (a) upon the earliest
of (i) the Merger Effective Time and (ii) the termination of the BCA in accordance with its terms, provided, however,
that, if a Company Acquisition Proposal shall have been publicly announced or shall have become publicly known prior to or on the
date of termination of the BCA, then this Agreement and the obligations of the Shareholders under this Agreement (other than the
obligations under Section 6) shall automatically terminate instead upon the date that is ninety (90) days following termination
of the BCA in accordance with its terms; and (b) solely with respect to Section 6, upon the earliest of (i) the termination of
the BCA in accordance with its terms and (ii) the last date on which a party hereto has any obligations hereunder in accordance
with the terms hereof. Nothing in this Section 8 shall relieve any party of liability for fraud or willful breach of this
Agreement occurring prior to termination.

 

    	 	5	 

     

    

 

9. Miscellaneous.

 

(a)    All
notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed
to have been duly given upon receipt) by delivery in person, by e-mail or by registered or certified mail (postage prepaid, return
receipt requested) to the respective parties at the following addresses or e-mail addresses (or at such other address or email
address for a party as shall be specified in a notice given in accordance with this Section 9. (a)):

 

If to SPAC, to
it at:

 

Schultze Special Purpose Acquisition Corp.

800 Westchester Avenue, Suite S-632

Rye Brook, New York 10573

Attention: George Schultze; Gary Julien

Email: schultze@samco.net; gjulien@samco.net

 

with a copy to:

 

Greenberg Traurig, P.A.

333 SE 2nd Avenue, Suite 4400

Miami, Florida 33131

Attention: Alan I. Annex, Esq.

Email: annexa@gtlaw.com

 

If to Holdco, to
it at:

 

Clever Leaves Holdings Inc.

c/o Clever Leaves International Inc.

489 Fifth Avenue, 27th Floor

New York NY 10017

Attention: CEO

Email: kyle.detwiler@cleverleaves.com

 

with a copy to:

 

Freshfields Bruckhaus Deringer US LLP

601 Lexington Avenue, 31st Floor

New York, NY 10022

Attention: Sebastian
L. Fain, Esq.

Email: sebastian.fain@freshfields.com

 

If to a Shareholder, to the
address or email address set forth for Shareholder on the signature page hereof.

 

(b)    If
any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law, or public
policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the
economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party.
Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto
shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible
in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to
the fullest extent possible.

 

(c)    This
Agreement constitutes the entire agreement among the parties with respect to the subject matter hereof and supersedes all prior
agreements and undertakings, both written and oral, among the parties, or any of them, with respect to the subject matter hereof.
This Agreement shall not be assigned (whether pursuant to a merger, by operation of law or otherwise), except that SPAC may assign
all or any of its rights and obligations hereunder to any affiliate of SPAC.

 

    	 	6	 

     

    

 

(d)    This
Agreement shall be binding upon and inure solely to the benefit of each party hereto (and SPAC’s permitted assigns), and
nothing in this Agreement, express or implied, is intended to or shall confer upon any other person any right, benefit or remedy
of any nature whatsoever under or by reason of this Agreement. No Shareholder shall be liable for the breach by any other Shareholder
of this Agreement.

 

(e)    The
parties hereto agree that irreparable damage would occur in the event any provision of this Agreement was not performed in accordance
with the terms hereof and that the parties shall be entitled to specific performance of the terms hereof, in addition to any other
remedy at law or in equity.

 

(f)    This
Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware applicable to contracts executed
in and to be performed in that State, except to the extent mandatorily governed by the laws of the Province of British Columbia
and the federal laws of Canada applicable therein. All Actions arising out of or relating to this Agreement shall be heard and
determined exclusively in any Delaware Chancery Court. The parties hereto hereby (i) submit to the exclusive jurisdiction of the
Delaware Chancery Court for the purpose of any Action arising out of or relating to this Agreement brought by any party hereto,
and (ii) irrevocably waive, and agree 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 hereunder may not be enforced in or by any of the above-named courts.

 

(g)    The
words “hereof”, “herein”, and “hereunder” and words of similar import, when used in this Agreement,
shall refer to this Agreement as a whole and not to any particular provision of this Agreement; (b) the words “date hereof,”
when used in this Agreement, shall refer to the date set forth in the Preamble; (c) the terms defined in the singular have a comparable
meaning when used in the plural, and vice versa; (d) the terms defined in the present tense have a comparable meaning when used
in the past tense, and vice versa; (e) any references herein to a specific Section or Article shall refer, respectively, to Sections
or Articles of this Agreement; (f) references herein to any gender (including the neuter gender) includes each other gender; (g)
the word “or” shall not be exclusive; (h) the headings herein are for convenience of reference only, do not constitute
part of this Agreement and shall not be deemed to limit or otherwise affect any of the provisions hereof; and (i) the parties hereto
have participated jointly in the negotiation and drafting of this Agreement and, in the event that an ambiguity or question of
intent or interpretation arises, this Agreement shall be construed as jointly drafted 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.

 

(h)    This
Agreement may be executed and delivered (including by facsimile or portable document format (pdf) transmission) 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.

 

    	 	7	 

     

    

 

(i)    This
Agreement is intended to create, and creates, a contractual relationship and is not intended to create, and does not create, any
agency, partnership, joint venture or any like relationship between the parties hereto.

 

(j)    This
Agreement is not intended to confer upon any Person other than the parties hereto any rights or remedies hereunder.

 

(k)    This
Agreement shall not be effective or binding upon any Shareholder until after such time as the BCA is executed and delivered by
the Company, SPAC, Holdco and Merger Sub.

 

(l)    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 litigation directly or indirectly arising out of, under or in connection with this Agreement. Each of the parties
hereto (i) certifies that no representative, agent or attorney of any other party has represented, expressly or otherwise, that
such other party would not, in the event of litigation, seek to enforce that foregoing waiver and (ii) acknowledges that it and
the other parties hereto have been induced to enter into this Agreement and the transactions contemplated hereby, as applicable,
by, among other things, the mutual waivers and certifications in this paragraph (l)

 

(m)    Notwithstanding
anything to the contrary in this Agreement (including Section 2 and Section 6), nothing herein shall be deemed to limit, restrict
or prohibit the Shareholder from having any Shares (including Subject Securities) with respect to which Cash Arrangement Consideration
is to be received pursuant to the terms of the BCA exchanged (if any) for the Cash Arrangement Consideration in accordance with
the terms of the BCA. 

 

[Signature pages follow]

 

    	 	8	 

     

    

 

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

 

	 	SCHULTZE SPECIAL PURPOSE ACQUISITION cORP.
	 	 	 
	 	By: 	                                       
	 	Name: 
	 	Title:
	 	 	 
	 	CLEVER LEAVES HOLDINGS INC.
	 	 	 
	 	By: 	 
	 	Name: 
	 	Title:

 

[Signature page to Shareholder Support Agreement]

 

    	 	 	 

     

    

 

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

  

	 	[KEY COMPANY SHAREHOLDER]
	 	 	 
	 	By:	                 
	 	Name:
	 	Title:
	 	 	 
	 	Address:
	 	 	 
	 	Email:

  

	Number of Company Common Shares	Number of Company Preferred Shares

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