Document:

EX-10.7

 Exhibit 10.7 

EXECUTION VERSION 
  

 
 SHAREHOLDERS AGREEMENT 

by and among 
 GLOBAL
BLUE HOLDING LP 
 AND 

SL GLOBETROTTER LP 
 AND

 FAR POINT LLC 

AND 
 THE THIRD POINT
SHAREHOLDERS 
 AND 

THE MANAGERS 
  

 
 Dated as of 16 January 2020 

 
  
  

 Table of Contents 

 

							
	 	 	 	  	Page	 
	Article I DEFINITIONS	  	 	2	 
			
	 Section 1.1
	 	 Certain Definitions
	  	 	2	 
	 Section 1.2
	 	 Terms Defined Elsewhere in this Agreement
	  	 	8	 
	 Section 1.3
	 	 Interpretive Provisions
	  	 	8	 
		
	Article II CORPORATE GOVERNANCE	  	 	8	 
			
	 Section 2.1
	 	 Board of Directors Composition
	  	 	8	 
	 Section 2.2
	 	 Board Committees Composition
	  	 	9	 
	 Section 2.3
	 	 Organizational Amendment
	  	 	9	 
	 Section 2.4
	 	 Voting Agreement
	  	 	9	 
		
	Article III OTHER COVENANTS AND AGREEMENTS	  	 	10	 
			
	 Section 3.1
	 	 Conflicting Organizational Document Provisions
	  	 	10	 
	 Section 3.2
	 	 Lock-up of Company Securities
	  	 	10	 
	 Section 3.3
	 	 Lock-up Exemptions
	  	 	12	 
	 Section 3.4
	 	 Strategic Investor Exemption
	  	 	13	 
	 Section 3.5
	 	 Lock-up Early Termination
	  	 	13	 
	 Section 3.6
	 	 Acquisition of Additional Company Securities
	  	 	13	 
		
	Article IV GENERAL	  	 	13	 
			
	 Section 4.1
	 	 Accession and Assignment and Transfer Limitations
	  	 	13	 
	 Section 4.2
	 	 Term and Effectiveness
	  	 	14	 
	 Section 4.3
	 	 Severability
	  	 	15	 
	 Section 4.4
	 	 Entire Agreement; Amendment
	  	 	15	 
	 Section 4.5
	 	 Counterparts
	  	 	16	 
	 Section 4.6
	 	 Governing Law
	  	 	16	 
	 Section 4.7
	 	 Jurisdiction; Waiver of Trial by Jury
	  	 	16	 
	 Section 4.8
	 	 Confidential Information
	  	 	16	 
	 Section 4.9
	 	 Specific Enforcement
	  	 	17	 
	 Section 4.10
	 	 Notices
	  	 	17	 
	 Section 4.11
	 	 Deemed Service
	  	 	19	 
	 Section 4.12
	 	 Binding Effect; Third Party Beneficiaries
	  	 	19	 
	 Section 4.13
	 	 Further Assurances
	  	 	19	 
	 Section 4.14
	 	 Table of Contents, Headings and Captions
	  	 	19	 
	 Section 4.15
	 	 Confirmations by the Parties
	  	 	19	 
	 Section 4.16
	 	 No Recourse
	  	 	20	 

 Annexes 

 

					
	 Annex A
	  	 –
	  	 Form of Joinder Agreement

  

 SHAREHOLDERS AGREEMENT 

This SHAREHOLDERS AGREEMENT (as amended, supplemented or restated from time to time, this “Agreement”) is entered into as of
16 January 2020, by and among: (i) Global Blue Holding LP, an exempted limited partnership formed under the laws of the Cayman Islands, having its registered office at the offices of Maples Corporate Services Limited, PO Box 309, Ugland
House, Grand Cayman, KY1-1104, Cayman Islands and registered in the Cayman Islands General Registry under number 95120 (the “PG Shareholder”), (ii) SL Globetrotter LP, an exempted limited
partnership formed under the laws of the Cayman Islands, having its registered office at the offices of Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands and
registered in the Cayman Islands General Registry (the “SL Shareholder” and, together with the PG Shareholder, each a “SL/PG Shareholder” and together the “SL/PG Shareholders”), (iii) Far Point
LLC, a Delaware limited liability company, having its registered office at c/o Third Point LLC, 390 Park Avenue, New York, NY, USA, 10022 (the “Far Point Shareholder”), (iv) Third Point Offshore Master Fund L.P., an exempted
limited partnership formed under the laws of the Cayman Islands (“TP Offshore”), Third Point Ultra Master Fund L.P., an exempted limited partnership formed under the laws of the Cayman Islands (“TP Ultra”), Third
Point Partners Qualified L.P., a Delaware limited partnership (“TP Qualified”), Third Point Partners L.P., a Delaware limited partnership (“TP Partners”), Third Point Enhanced L.P., an exempted limited partnership
formed under the laws of the Cayman Islands (“TP Enhanced”), Third Point Ventures LLC, a Delaware limited liability company (“TP Ventures”) and Cloudbreak Aggregator LP, an exempted limited partnership formed under the laws of
the Cayman Islands (the “Backstop Subscriber”), each having its registered office at c/o Third Point LLC, 390 Park Avenue, New York, NY, USA, 10022 (TP Offshore, TP Ultra, TP Qualified, TP Partners, TP Enhanced and the Backstop
Subscriber each a “Third Point Shareholder” and collectively, the “Third Point Shareholders”, and together with the SL/PG Shareholders and the Far Point Shareholder, the “Institutional
Shareholders”) and (v) the several Persons (as defined below) whose names and addresses are set out in each of his/her respective Joinder Agreements hereto (each a “Manager” and, together, the
“Managers”, and together with the Institutional Shareholders, the “Shareholders”). 
 RECITALS

 WHEREAS, following the closing (the “Closing”) of a merger agreement (“Merger
Agreement”) by and among, inter alia, Global Blue Group Holding AG (the “Company”) and the Seller Parties (as defined therein), entered into on or around the date hereof, the Company will own the business known as
‘Global Blue’ and certain Company Securities (as defined below) will be listed on the New York Stock Exchange (the “Exchange”). Following Closing, each of the Shareholders will own certain Company Securities. 

WHEREAS, the relationship agreement (as may be amended, restated, supplemented and/or otherwise modified from time to time, the
“Relationship Agreement”), by and among the Institutional Shareholders and the Company, entered into on or around the date hereof, governs the Company’s relationship with respect to each Institutional Shareholder. 

WHEREAS, the parties have agreed to enter into this Agreement to regulate the relationship between the Shareholders with respect to
each other, in connection with the Company. 

  
 1 

 NOW THEREFORE, in consideration of the mutual covenants and agreements contained
herein, and other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the parties hereby agree as follows: 

ARTICLE I 

DEFINITIONS 

Section 1.1 Certain Definitions. As used in this Agreement, the following definitions shall apply: 

“Action” means any claim, action, suit, assessment, arbitration or proceeding, in each case that is by or before any
Governmental Authority. 
 “Affiliate” means with respect to a person (the “First Person”): 

(i) another Person that, directly or indirectly through one or more intermediaries, Controls, or is Controlled by, or is under
common Control with, the First Person; 
 (ii) a pooled investment vehicle organised by the First Person (or an Affiliate
thereof) the investments of which are directed by the First Person (or an Affiliate thereof); or 
 (iii) a fund organised by
the First Person for the benefit of the First Person’s (or any of its Affiliates’) partners, officers or employees or their dependants; or 

(iv) a successor trustee or nominee for, or a successor by reorganisation of, a qualified trust (being a tax advantaged
fiduciary relationship between an employer and an employee in which the employee beneficiary may use his life expectancy to determine required minimum distribution amounts), 

but shall, where applicable, exclude portfolio companies controlled by funds managed directly or indirectly by Silver Lake Technology Management, L.L.C.,
Partners Group or Third Point or portfolio companies managed directly or indirectly by Persons falling within limb (i) above in respect of any of them and any of their respective partners, officers, employees or their dependents. Further, Third
Point and the portfolio companies Controlled by funds managed directly or indirectly by Third Point shall not be deemed to be Affiliates of Silver Lake Technology Management, L.L.C., Partners Group or any portfolio companies Controlled by funds
managed directly or indirectly by Silver Lake Technology Management, L.L.C. or Partners Group, and vice versa. 

“Articles” means the articles of association of the Company, as amended from time to time in accordance with the Board Rules.

 “As-Exchanged Basis” means a calculation of the Convertible Preferred Shares
owned by the SL/PG Shareholders assuming that all outstanding Convertible Preferred Shares that are exchangeable for Common Shares pursuant to the Conversion Agreement are so exchanged (and, for the avoidance of doubt, without giving effect to any
contractual or other limitation on the exchange of such Convertible Preferred Shares that may be in effect from time to time). 

  
 2 

 “Available Shelf” means a registration of Company Securities pursuant to a
“shelf” registration statement filed with the Securities and Exchange Commission (“SEC”) that (a) has been declared effective by the SEC and (b) is available for any Far Point Shareholder or Third Point
Shareholder to exercise its registration rights, provided that such rights have not been exhausted. 
 “Board” means the
board of directors of the Company. 
 “Board Committee Rules” means the charters of the Board Committees, as amended from
time to time in accordance with the Board Rules. 
 “Board Committees” means the finance and audit committee and the
nomination and compensation committee of the Board, and any other committees which the Board may have from time to time. 
 “Board
Rules” means the organizational regulations of the Board, as amended from time to time in accordance with their terms. 

“Business Day” means any day of the year in which national banking institutions in New York, New York, London, England, and
Switzerland are open to the public for conducting business and are not required or authorized to be closed. 
 “Closing
Date” means the date on which the Closing actually occurs. 
 “Common Shares” means the registered common shares
of CHF 0.01 of the Company. 
 “Company Securities” means, together, the (i) Common Shares, (ii) Convertible
Preferred Shares and (iii) Warrants. 
 “Confidential Information” means any information of a secret or confidential
nature concerning any Manager or any member of any Group received at any time prior to or after the date of this Agreement, but excluding any information which: 
  

	 	(i)	 was in the possession of or was known to any Manager or any member of a relevant Group (as applicable) prior to
its receipt from another Manager or member of any other Group (as applicable); 

  

	 	(ii)	 was or is independently developed by a member of any other relevant Group without the utilization of such
Confidential Information; 

  

	 	(iii)	 is or becomes public knowledge without the fault of any other Manager or any member of any other relevant Group
(as applicable); or 

  
 3 

	 	(iv)	 is or becomes available to any Manager or any member of any other relevant Group (as applicable) from a source
other than any other Manager or any member of any other Group (as applicable) in circumstances where the Manager or the member of the relevant Group (as applicable) receiving such information is not aware that disclosure has been made in breach of
an obligation of confidentiality. 

 “Control” means, with respect to a Person (other than an
individual) (a) direct or indirect ownership of more than 50% of the voting securities of such Person, (b) the right to appoint, or cause the appointment of, more than 50% of the members of the board of directors (or similar governing
body) of such Person or (c) the right to manage, or direct the management of, on a discretionary basis, the assets of such Person, and, for the avoidance of doubt, a general partner is deemed to Control a limited partnership and, solely for the
purposes of this Agreement, a fund advised or managed directly or indirectly by a Person shall also be deemed to be Controlled by such Person (and the terms “Controlling” and “Controlled” shall have meanings
correlative to the foregoing). 
 “Conversion Agreement” means that certain conversion agreement, dated on or around the
date hereof, by and among the Company and each of the Seller Parties (as defined in the Merger Agreement) in respect of the Convertible Preferred Shares. 

“Convertible Preferred Shares” means convertible preferred shares of the Company with those terms as set forth in the
organizational documents of the Company and the Conversion Agreement. 
 “Covered Forward Purchase Shares” means Company
Securities purchased pursuant to the Forward Purchase Agreement, other than Excluded Forward Purchase Shares. 
 “Director”
means any of the individuals elected or appointed to serve on the Board. 
 “Eligible Investor” has the meaning given to it
in Schedule 1. 
 “Exchange Act” means the Securities Exchange Act of 1934. 

“Excluded Forward Purchase Shares” means, if and to the extent applicable, the Common Shares issued in exchange for the first
10,000,000 shares of FPAC Common Stock purchased pursuant to the Forward Purchase Agreement after Redeemed Shares exceed 32,643,000 shares of FPAC Common Stock. 

“Excluded Manager Shares” means a number of Company Securities equal to each Manager’s
pro-rata proportion (based on their and the SL/PG Shareholders’ respective holdings of Common Shares (including the Convertible Preferred Shares on an As-Exchanged
Basis)) of a number of Company Securities equal to the Excluded Forward Purchase Shares. 
 “Excluded SL/PG Shareholder
Shares” means a number of Company Securities equal to each SL/PG Shareholder’s pro-rata proportion (based on their and the Managers’ respective holdings of Common Shares (including the
Convertible Preferred Shares on an As-Exchanged Basis)) of a number of Company Securities equal to the Excluded Forward Purchase Shares. 

  
 4 

 “Family Trust” means in relation to a person, any trust or settlement set
up wholly for the benefit of that person and/or that person’s siblings, spouse, civil partner, persons with whom they have been co-habiting for at least five years and any of their lineal descendants or
antecedents. 
 “Forward Purchase Agreement” means that certain Forward Purchase Agreement, dated as of May 18, 2018,
by and among FPAC and the Backstop Subscriber, as amended or modified from time in accordance with the Third-Party Beneficiary Rights Letter. 

“Founders Securities” means (i) Company Securities issuable in consideration of those shares of FPAC Class B Common
Stock acquired by Far Point LLC prior to the initial public offering of FPAC and currently held by Far Point LLC and (ii) Private Warrants and the Common Shares underlying the Private Warrants. 

“FPAC” means Far Point Acquisition Corporation, a special purpose acquisition company, registered under the laws of Delaware.

 “FPAC Common Stock” means the Class A common stock and Class B common stock, each of par value $0.0001 per
share, of FPAC. 
 “FPAC Warrant” means a warrant issued pursuant to the Warrant Agreement entitling the holder to purchase
one share of FPAC Common Stock per warrant. 
 “Global Blue Group” means the Company, its group companies and its direct
and indirect subsidiaries (and references to “Global Blue Group Company” shall be construed accordingly). 

“Governmental Authority” means any federal, state, provincial, municipal, local or foreign government, governmental
authority, regulatory or administrative agency, self regulatory authority, governmental commission, department, board, bureau, agency or instrumentality, arbitrator, court or tribunal. 

“Governmental Order” means any order, judgment, injunction, decree, writ, stipulation, determination or award, in each case,
entered by or with any Governmental Authority. 
 “Group” means: 

(i) in the case of the SL/PG Shareholders, each of the SL/PG Shareholders and Partners Group, and each of their respective
Affiliates, but excluding the Global Blue Group; 
 (ii) in the case of the Far Point Shareholder, the Far Point Shareholder,
the Third Point Shareholder and each of their Affiliates (which shall include, with respect to the Far Point Institutional Shareholder, Thomas W. Farley and his Family Trust;  

(iii) in the case of any Third Point Shareholder, any other Third Point Shareholder and each of their respective Affiliates
(including the Backstop Subscriber); and 

  
 5 

 (iv) in the case of each Manager, such Manager and its permitted transferees
(pursuant to clause 5 of the Management Shareholders Agreement). 
 “Independent Board Member” means a member of the Board
who is considered by the Company to be independent in accordance with the requirements of the Exchange (including, in the context of members of the finance and audit committee, under Rule 10A-3 under the
Exchange Act, as applicable) and the standards of independence promulgated by the Board from time to time. 
 “Law” means
any statute, law, ordinance, rule, regulation or Governmental Order, in each case, of any Governmental Authority. 
 “Management
Representative” means the Person designated as the “Management Representative” in accordance with the Management Shareholders Agreement. 

“Management Shareholders Agreement” means that certain Management Shareholders Agreement, dated on or around the date hereof,
by and among the SL/PG Shareholders, the Managers and the Company. 
 “Necessary Action” means, with respect to a specified
result, all actions necessary to cause such result to the extent achievable through the exercise of all rights held by the Person in its capacity as a shareholder of the Company or as a member of the Board referred to in paragraph (iii) of this
definition, including but not limited to: (i) voting directly or by way of proxy with respect to the relevant Voting Shares, whether at any annual or extraordinary general meeting, by written consent or otherwise, (ii) causing the adoption
of shareholders resolutions and amendments to organizational documents of the Company, (iii) causing members of the Board (to the extent such members were elected, nominated or designated by the Person obligated to undertake the Necessary
Action) to act (subject to any applicable fiduciary duties) in a certain manner or causing them to be removed in the event they do not act in such a manner, (iv) executing agreements and instruments and (v) making, or causing to be made,
with governmental, administrative or regulatory authorities, all filings, registrations or similar actions that are required to achieve such result. 

“Partners Group” means Partners Group Client Access 5, L.P. Inc., Partners Group Private Equity (Master Fund), LLC, and
Partners Group Barrier Reef, L.P. 
 “Person” means a natural person, partnership, corporation, limited liability company,
business trust, joint stock company, trust, unincorporated association, joint venture or other entity or organization. 
 “PIPE
Investment” means a private investment pursuant to a subscription agreement dated on or around the date hereof to subscribe for certain Common Shares. 

“Private Warrants” means FPAC Warrants issued to any Third Point Shareholder or the Far Point Shareholder which attach to
them certain rights which will allow for such FPAC Warrants to be exchanged for certain Common Shares after Closing. 

  
 6 

 “Public Warrants” means FPAC Warrants issued (to Persons other than any
Third Point Shareholder or the Far Point Shareholder) which attach to them certain rights which will allow for such FPAC Warrants to be exchanged for certain Common Shares after Closing. 

“Redeemed Shares” means all shares of FPAC Common Stock which stockholders of FPAC properly demand to be redeemed, and which
are redeemed by FPAC, in accordance with the terms of its offer, as specified in the Merger Agreement. 
 “Restricted
Period” means the period commencing on the Closing Date and terminating six months from the Closing Date. 
 “Restricted
Period Securities” means only those Company Securities purchased by any member of the Far Point Shareholder Group or the Third Point Shareholder Group, as the case may be, in the open market or initial public offering of FPAC or in
connection with the PIPE Investment and the Covered Forward Purchase Shares.  

“Third-Party Beneficiary Rights Letter” means a letter agreement entered into on or around the date hereof between the SL
Shareholder and the Backstop Subscriber. 
 “Third Point” means Third Point LLC. 

“Third Point PIPE” means the amount to be committed by the Third Point Shareholders pursuant to the Third Point PIPE
Agreement. 
 “Third Point PIPE Agreement” means that certain Share and Contribution Agreement, dated as of the date
hereof, by and among certain Third Point Shareholders and the SL/PG Shareholders. 
 “Trading Day” means any day on which
the Common Shares are actually traded on the principal securities exchange or securities market on which the Common Shares are then traded. 

“Voting Shares” means, together, the Common Shares and the Convertible Preferred Shares. 

“VWAP” means, for any security as of any date(s), the daily dollar volume-weighted average price for such security on the
principal securities exchange or securities market on which such security is then traded during the period beginning at 9:30:01 a.m., New York time, and ending at 4:00:00 p.m., New York time, as reported by Bloomberg through its “HP”
function (with “Market” function set to “VWAP”, “Currency” function set to “USD”, and “Period” function set to “Daily”; the resulting VWAP is shown next to the “Average” label).

 “Warrant Agreement” means that certain Warrant Agreement, dated as of June 11, 2018, by and among FPAC and
Continental Stock Transfer & Trust Company. 
 “Warrants” means, together, the Private Warrants and Public
Warrants. 

  
 7 

 Section 1.2 Terms Defined Elsewhere in this Agreement. Each of the following
terms is defined in the Section set forth opposite such term: 
  

			
	 Term
	  	 Section

	Agreement	  	Preamble
	Backstop Subscriber	  	Preamble
	Company	  	Preamble
	 Closing
 Dispute

Exchange
 ICC
	  	 Preamble
 Section 4.7

Preamble
 Section 4.7

	Relationship Agreement	  	Recitals
	Rules	  	Section 4.7
	 Securities Act
 Transfer
	  	 Section 4.1
 Section 3.2

 Section 1.3 Interpretive Provisions. The words “hereof”, “herein” and
“hereunder” and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The captions herein are included for convenience of reference only and shall be
ignored in the construction or interpretation hereof. References to Articles and Sections are to Articles and Sections of this Agreement unless otherwise specified. Any singular term in this Agreement shall be deemed to include the plural, and any
plural term the singular. Whenever the words “include”, “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation”, whether or not they are in
fact followed by those words or words of like import. “Writing”, “written” and comparable terms refer to printing, typing and other means of reproducing words (including electronic media) in a visible form. References to any
statute shall be deemed to refer to such statute as amended from time to time and to any rules or regulations promulgated thereunder. References to any agreement or contract are to that agreement or contract as amended, restated, supplemented or
otherwise modified from time to time in accordance with the terms hereof and thereof. References to any Person include the successors and permitted assigns of that Person. References from or through any date mean, unless otherwise specified, from
and including or through and including, respectively. References in this Agreement to a number or percentage of shares, units or other equity interests shall take into account and give effect to any split, combination, dividend or recapitalization
of such shares, units or other equity interests, as applicable. 
 ARTICLE II 

CORPORATE GOVERNANCE 

Section 2.1 Board of Directors Composition.  

(i) The size and composition of the Board (including the process for designating candidates for nomination and election to the Board) shall be
determined pursuant to the Articles and the Relationship Agreement. 
 (ii) The three initial Independent Board Members (meaning those
appointed prior to Closing) and any additional Independent Board Members (meaning those appointed within one year after the Closing Date) shall be approved in writing between the SL Shareholder and the Far Point Shareholder, such approval not to be
unreasonably withheld. 

  
 8 

 Section 2.2 Board Committees Composition. The initial members of the Board
Committees at Closing shall be agreed between the SL Shareholder and the Far Point Shareholder prior to Closing. 
 Section 2.3
Organizational Amendment. Any amendment to the Articles in respect of the provisions dealing with the appointment or removal of directors, Board Rules and/or Board Committee Rules shall be approved in writing (such approval not to be
unreasonably withheld) by: 
 (i) the SL Shareholder, provided that the SL/PG Shareholders directly or indirectly are entitled to nominate at
least one director to the Board pursuant to the Relationship Agreement (from time to time); and 
 (ii) the Far Point Shareholder, provided
that the Far Point Shareholder together with the Third Point Shareholders are entitled to nominate at least one director to the Board pursuant to the Relationship Agreement (from time to time). 

Section 2.4 Voting Agreement. 

(i) Each Shareholder agrees, at any time it is then entitled to vote for the election of Directors to the Board, to take all Necessary Action,
including casting all votes to which such Shareholder is entitled in respect of its Voting Shares (from time to time), whether at any annual or extraordinary general meeting, or to cause such Shareholder’s Board representative(s) to cast their
vote so as to ensure that the composition of the Board complies with (and includes all of the requisite designees in accordance with) the Relationship Agreement from time to time. 

(ii) Each Shareholder agrees that if, at any time, it is then entitled to vote for the removal of Directors, it will not vote any of its
Voting Shares (from time to time) in favor of the removal of any Director who shall have been designated in accordance with the Relationship Agreement, unless (1) the Person or Persons entitled to designate such Director shall have consented to
such removal in writing, (2) removal is compelled pursuant to the Relationship Agreement or (3) the Person or Persons entitled to designate any Director pursuant to the Relationship Agreement shall request in writing the removal, with or
without cause, of such Director (in which case, each such Shareholder shall vote its Voting Shares (from time to time) in favor of such removal). 

(iii) Each Shareholder agrees not to grant, or enter into a binding agreement with respect to, any proxy to any Person in respect of its
Voting Shares (from time to time) that would prohibit or prevent such Shareholder from casting votes in respect of such Voting Shares in accordance with this Section 2.4. 

(iv) Each Shareholder agrees, at any time it is then entitled to vote for any resolution proposed to give effect to the agreed terms of the
Convertible Preferred Shares (including, but not limited to, (i) the renewal of the authorized share capital of the Company at a level which would permit the issuance by the Company of Common Shares upon the exercise by one or both SL/PG
Shareholders and/or Management of their rights under the Conversion Agreement in accordance with its terms and (ii) the approval of the issuance of a preferred dividend, in each case in connection with the Convertible Preferred Shares), to take
all Necessary Action, including casting all votes to which such Shareholder is entitled in respect of its Voting Shares (from time to time), whether at any annual or extraordinary general meeting or to cause such Shareholder’s Board
representative(s) to cast their vote so as to ensure that the agreed terms of the Convertible Preferred Shares and the Conversion Agreement are given effect. 

  
 9 

 ARTICLE III 

OTHER COVENANTS AND AGREEMENTS 

Section 3.1 Conflicting Organizational Document Provisions. In the event of any ambiguity or conflict arising between the terms of
this Agreement and those of the Articles, the terms of this Agreement shall prevail. 
 Section 3.2 Lock-up of Company Securities. 
 For purposes of this Section 3.2 and
Section 4.1, “Transfer” shall mean any act by a Shareholder to sell, exchange, assign, transfer, convey or otherwise dispose of, encumber, pledge, convey or hypothecate, or agree to any of the above acts
with respect to any legal or economic interest (including, without limitation, as part of a hedge), whether directly, indirectly, voluntarily, involuntarily, by operation of law, pursuant to judicial process or otherwise, all or any (in whole or in
part) of its Company Securities. 
 (a) (i) Subject to Section 3.2(a)(ii),
Section 3.3, Section 3.4, Section 3.5 and Section 4.1, each SL/PG Shareholder agrees that until the expiration of the Restricted Period, it will
not Transfer any Company Securities (other than the Excluded SL/PG Shareholder Shares) without the prior written consent of the Far Point Shareholder. 

(ii) The restriction set out in Section 3.2(a)(i) will terminate and cease to have effect if the VWAP of the Common
Shares is greater than or equals $12.00 per Common Share (as adjusted for share splits, share dividends, reorganizations, recapitalizations and the like) for any twenty (20) Trading Days within any thirty (30) Trading Day period, provided
such period commences at least sixty (60) days after the Closing Date. 
 (b) Subject to Section 3.2(c),
Section 3.3, Section 3.5 and Section 4.1(a), the Far Point Shareholder agrees that: (i) from the date hereof until the date falling one year after the Closing Date,
it will not Transfer any Founders Securities; and (ii) until the expiration of the Restricted Period, it will not Transfer any Restricted Period Securities, in each case without the prior written consent of the SL Shareholder. 

(c) The restrictions set out in Section 3.2(b)(i) and/or Section 3.2(b)(ii) (as applicable)
will terminate and cease to have effect if the VWAP of the Common Shares is greater than or equals $12.00 per Common Share (as adjusted for share splits, share dividends, reorganizations, recapitalizations and the like) for any twenty
(20) Trading Days within any thirty (30) Trading Day period, provided such period commences at least: (x) 150 days after the Closing Date, with respect to Section 3.2(b)(i); or (y) sixty (60) days after the
Closing Date, with respect to Section 3.2(b)(ii). 
 (d) Subject to Section 3.2(e),
Section 3.3, Section 3.5 and Section 4.1(a), each Third Point Shareholder agrees that: (i) from the date hereof until the date falling one year after the Closing
Date, it will not Transfer any Founders Securities; and (ii) until the expiration of the Restricted Period, it will not Transfer any Restricted Period Securities, in each case without the prior written consent of the SL Shareholder. 

  
 10 

 (e) The restrictions set out in Section 3.2(d)(i) and/or
Section 3.2(d)(ii) (as applicable) will terminate and cease to have effect if the VWAP of the Common Shares is greater than or equals $12.00 per Common Share (as adjusted for share splits, share dividends, reorganizations,
recapitalizations and the like) for any twenty (20) Trading Days within any thirty (30) Trading Day period, provided such period commences at least: (x) 150 days after the Closing Date, with respect to
Section 3.2(d)(i); or (y) sixty (60) days after the Closing Date, with respect to Section 3.2(d)(ii). 

(f) (i) Subject to Section 3.2(f)(ii), Section 3.3,
Section 3.4, Section 3.5 and Section 4.1, each Manager agrees that until the expiration of the Restricted Period, he/she will not Transfer any Company Securities (other
than the Excluded Manager Shares) without the prior written consent of the SL Shareholder and the Far Point Shareholder. 
 (ii) The
restriction set out in Section 3.2(f)(i) will terminate and cease to have effect if the VWAP of the Common Shares is greater than or equals $12.00 per Common Share (as adjusted for share splits, share dividends,
reorganizations, recapitalizations and the like) for any twenty (20) Trading Days within any thirty (30) Trading Day period, provided such period commences at least sixty (60) days after the Closing Date. 

(g) The consent rights set forth in this Section 3.2 shall not apply to any exchange of: (i) FPAC Warrants into
Common Shares or (ii) Convertible Preferred Shares into Common Shares, but do apply in each case to any Transfer of such Common Shares issued thereupon. 

(h) If as a result of the Forward Purchase Agreement the existing shareholders of FPAC (other than the members of the Far Point Shareholder
Group and the Third Point Shareholder Group) would own less than 20% of the Common Shares upon Closing, each SL/PG Shareholder, the Far Point Shareholder and each Third Point Shareholder will co-operate in good faith to formulate and effect an arrangement to transfer certain of their and Management’s Common Shares to Persons who are not Affiliates of the parties to this Agreement (pursuant to which
certain restrictions in this Section 3.2 may be waived) in order to increase the free float of the Common Shares. The Shareholders hereby agree that each of the SL/PG Shareholders, the Far Point Shareholder, the Third Point
Shareholders and the Managers would in such circumstances have the right (but not obligation) to sell a proportion of its Common Shares (on a pro-rata basis based on the relative number of Voting Shares held
by each of them) up to an amount that would result in a maximum of 20% of the Common Shares being owned by shareholders of the Company (other than the Shareholders). 

(i) If either the SL/PG Shareholders or the Third Point Shareholders initiate a sale of all or a proportion of their Excluded Forward Purchase
Shares or Excluded SL/PG Shareholder Shares (as applicable) during the Restricted Period, each of the SL/PG Shareholders, the Third Point Shareholders and the Managers (to the same extent as the SL/PG Shareholders exercise such right) would in such
circumstances have the right (but not obligation) to sell all or the same proportion of its Excluded Forward Purchase Shares, Excluded SL/PG Shareholder Shares or Excluded Manager Shares (as applicable) and each SL/PG Shareholder and each Third
Point Shareholder shall co-operate in good faith to formulate and effect an arrangement for such sale. 

  
 11 

 (j) Notwithstanding any other sub-sections above of
this Section 3.2, (i) (A) subject to (B) below, any Transfer by the Far Point Shareholder or any Third Point Shareholder (as applicable) under Rule 144 or Rule 145 under the Securities Act will be prohibited until
the Far Point Shareholder and the Third Point Shareholders (collectively) beneficially own less than 3% of the Company Securities (from time to time); and (B) the SL Shareholder agrees that, prior to the SL Shareholder effecting a Transfer
under Rule 144 or Rule 145(d) under the Securities Act, the SL Shareholder will first permit each of the Far Point Shareholder and any Third Point Shareholder to effect a Transfer of a pro-rata amount of its
Company Securities (from time to time) under Rule 144 or Rule 145 (as applicable) under the Securities Act and (ii) at any time that there is no Available Shelf (as required by the Registration Rights Agreement) for any prolonged period of
time, the Parties shall cooperate in good faith in order to provide for alternative liquidity arrangements. 
 (k) If the SL/PG Shareholders
and/or the Managers effect a Transfer of a proportion of their Company Securities in a privately negotiated (off-market) transaction (other than, in the case of the SL/PG Shareholders, to a member of their
Group) during the period in which no Transfer by the Far Point Shareholder or any Third Point Shareholder is permitted pursuant to Section 3.2(j)(A), they shall provide prior written notice to the Far Point Shareholder and
the Third Point Shareholders, who will in such circumstances each have the right (but not obligation) to effect a Transfer of a proportion of their Company Securities (on a pro-rata basis based on the relative
number of Voting Shares held by each of them), as part of such sale, on the same terms as the SL/PG Shareholders and/or the Managers. If the Far Point Shareholder and/or the Third Point Shareholders effect a Transfer of a proportion of their Company
Securities in a privately negotiated (off-market) transaction (other than to a member of their respective Groups) during the period in which no Transfer by the Far Point Shareholder or any Third Point
Shareholder is permitted is permitted pursuant to Section 3.2(j)(A), they shall provide prior written notice to the SL/PG Shareholders, who will in such circumstances each have the right (but not obligation), and (to the
same extent as the SL/PG Shareholders exercise such right) the Managers will have the right (but not obligation), to effect a Transfer of the same proportion of their Company Securities (on a pro-rata basis
based on the relative number of Voting Shares held by each of them), as part of such sale, on the same terms as the Far Point Shareholder and/or the Third Point Shareholders. 

Section 3.3 Lock-up Exemptions. Notwithstanding Section 3.2, a
Shareholder may, without the prior written consent of any other party, effect a Transfer: (i) by way of acceptance of a public takeover offer, tender offer, merger, consolidation or similar business combination with a third party in
respect of a change of Control that results in all holders of Common Shares having the right to exchange their Common Shares for cash, securities or other property and is recommended by the Board, (ii) if required by law or a
Governmental Authority, (iii) in the case of an Institutional Shareholder, to a member of such Institutional Shareholder’s Group, subject to compliance with Section 4.1, and (iv) in the case of a Manager only, in
accordance with clauses 5.3.3 or 5.3.4 and 5.6 of the Management Shareholders Agreement and any Deed of Adherence (as defined therein). 

  
 12 

 Section 3.4 Eligible Investor Exemption. Notwithstanding
Section 3.2, the SL Shareholder may determine and require, without the prior written consent of any other party, that the SL/PG Shareholders and (if applicable pursuant to the terms of the Management Shareholders Agreement)
the Managers effect a one-time Transfer of certain of their Company Securities up to an aggregate amount of 5% of the Company Securities in issue at the time of such Transfer (in proportions among the SL/PG
Shareholders and the Managers determined in accordance with the Management Shareholders Agreement) to the Eligible Investor during the Restricted Period, and the Far Point Shareholder and the Third Point Shareholders may participate in such sale (on
a pro-rata basis based on the collective ownership of Company Securities then held by the SL/PG Shareholders, the Far Point Shareholder and the Third Point Shareholders) and at a price no less favorable (on a pro-rata basis) than that received by the SL Shareholder, and thereby effect a Transfer of certain of each of its Company Securities in issue from time to time. 

Section 3.5 Lock-up Early Termination. The SL Shareholder and the Far Point Shareholder
may, upon mutual written agreement (and without the consent of any other Shareholder), reduce the duration of, and/or terminate, the time period restrictions during which Transfers are prohibited pursuant to Section 3.2
(excluding Section 3.2(b)(i) and Section 3.2(d)(i)), provided that such reduction and/or termination will (to the extent applicable) apply to all Shareholders. 

Section 3.6 Acquisition of Additional Company Securities. After the date hereof, each of the SL/PG Shareholders, the
Far Point Shareholder, the Third Point Shareholders and each Manager agrees that, for so long as any such party has obligations under Article II or Section 3.2, if such party acquires beneficial
ownership (as defined in Rule 13d-3 and Rule 13d-5 under the Exchange Act) of additional Company Securities, such party shall promptly (and in no event later than two
(2) business days following the date of such acquisition) notify the other Shareholders, as the case may be. 
 ARTICLE IV

 GENERAL 

Section 4.1 Accession and Assignment and Transfer Limitations.  

(a) The rights and obligations hereunder shall otherwise not be assignable without the prior written consent of the Institutional Shareholders;
provided, however, (a) any Institutional Shareholder at any time may Transfer any Company Securities to any member of its Group and (b) any Shareholder at any time may assign any part or all of its rights and benefits under this Agreement
to any member of its Group (and to any such assignment by that member of such Group to any other member of such Group), in each case subject to such assignee executing a Joinder Agreement in the form attached hereto as Annex A, and will thereafter
be deemed to be a “Shareholder” and be subject to this Agreement as if the assignee was the relevant assigning Shareholder. Each Institutional Shareholder that Transfers Company Securities to a member of its Group that is not a party to
this Agreement shall procure that the transferee executes a Joinder Agreement in the form attached hereto as Annex A. The preceding sentences of this Section 4.1 shall not apply to a transfer of Common Shares (a) in a public offering that
is registered under the Securities Act of 1933, as amended (the “Securities Act”), (b) a transfer to one or more 

  
 13 

 
broker-dealers or their affiliates pursuant to a firm commitment purchase agreement for an offering that is exempt from registration under the Securities Act, (c) a transfer made through the
facilities of a registered securities exchange or automated inter-dealer quotation system and (d) a transfer made in compliance with the manner of sale limitations of Rule 144(f) under the Securities Act or any successor rule or provision.
For the avoidance of doubt, any lien or encumbrance with respect to Company Securities imposed in the ordinary course of Third Point’s business as part of portfolio management activities shall be permitted and shall not be deemed to violate the
restrictions contained in this Agreement. 
 (b) During the Restricted Period, if any SL/PG Shareholder effects a Transfer of any of its
Company Securities to a member of its Group, then such SL/PG Shareholder shall comply with its obligations in Section 14(p) of Third Point PIPE Agreement. 

Section 4.2 Term and Effectiveness. 

(a) This Agreement is conditional upon Closing occurring in accordance with the Merger Agreement and shall become effective upon Closing and
shall thereafter continue to be effective until terminated in accordance with this Section. In the event that the Merger Agreement is terminated without Closing occurring, this Agreement shall cease and be of no further effect. 

(b) This Agreement shall terminate with immediate effect upon the earlier of: 

(i) any Person acquiring or obtaining Control of the Company; 

(ii) with respect to each Shareholder, its Group ceasing to own or control, directly or indirectly, any Company Securities in
issue; and 
 (iii) upon mutual written consent of the parties. 

(c) Each Shareholder may terminate this Agreement (with respect to itself only) with immediate effect by written notice to the Company on or at
any time after: 
 (i) the Company passes a resolution for its winding up or a court of competent jurisdiction makes an order
for the Company’s winding up or dissolution; 
 (ii) the commencement of any legal proceedings in relation to bankruptcy
or other types of insolvency-related reorganization proceedings of the Company, unless such proceedings are frivolous or vexatious and are discharged, stayed or dismissed within 60 calendar days of commencement; or 

(iii) the Company makes an arrangement or composition with its creditors generally or makes an application to a court of
competent jurisdiction for protection from its creditors generally. 
 (d) The rights and obligations set forth in
Section 3.2 shall terminate as set forth in such section. 

  
 14 

 (e) Notwithstanding anything contained herein to the contrary, this
Article IV shall survive any termination of any provisions of this Agreement. 
 (f) The termination of any
provision of this Agreement shall not relieve any party from any liability for the breach of its obligations under this Agreement prior to such termination. 

Section 4.3 Severability. If any term or other provision of this Agreement is held to be 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 is not affected in any manner
materially adverse to any party. Upon a 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. 

Section 4.4 Entire Agreement; Amendment. 

(a) This Agreement sets forth the entire understanding and agreement between the parties with respect to the subject matter hereof and
supersedes all prior agreements and understandings, both oral and written, between the parties with respect to the subject matter of this Agreement. Subject to Section 3.5, this Agreement or any provision thereof may only be amended or
modified, in whole or in part, at any time by an instrument in writing signed by the Institutional Shareholders (and, if the amendment or modification would have a material and disproportionate adverse effect on the Managers, then such instrument in
writing shall be signed by the Management Representative as well). 
 (b) No waiver of any breach of any of the terms of this Agreement shall
be effective unless such waiver is expressly made in writing and executed and delivered by the party (which, in the case of any Manager, may be executed and delivered by the Management Representative) against whom such waiver is claimed. The waiver
by any party hereto of a breach of any provision of this Agreement shall not operate or be construed as a further or continuing waiver of such breach or as a waiver of any other or subsequent breach. Except as otherwise expressly provided herein, no
failure on the part of any party to exercise, and no delay in exercising, any right, power or remedy hereunder, or otherwise available in respect hereof at law or in equity, shall operate as a waiver thereof, nor shall any single or partial exercise
of such right, power or remedy by such party preclude any other or further exercise thereof or the exercise of any other right, power or remedy. 

(c) No waiver of a right under this Agreement shall be effective unless such waiver is expressly made in writing and executed and delivered by
the party against whom such waiver is claimed. The waiver of a right under this Agreement in a specified instance or in specified circumstances shall not operate or be construed as a waiver of such right in other instances or circumstances. 

  
 15 

 Section 4.5 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. 

Section 4.6 Governing Law. This Agreement, and all claims or causes of action based upon, arising out of, or related to this
Agreement or the transactions contemplated hereby, shall be governed by, and construed in accordance with, the Laws of Delaware, without giving effect to principles or rules of conflict of laws to the extent such principles or rules would require or
permit the application of Laws of another jurisdiction. 
 Section 4.7 Jurisdiction; Waiver of Trial by Jury. Any Action
based upon, arising out of or related to this Agreement, or the transactions contemplated hereby, shall be brought in the Court of Chancery of the State of Delaware or, if such court declines to exercise jurisdiction, any federal or state court
located in New Castle County, Delaware, and each of the parties irrevocably submits to the exclusive jurisdiction of each such court in any such Action, waives any objection it may now or hereafter have to personal jurisdiction, venue or to
convenience of forum, agrees that all claims in respect of the Action shall be heard and determined only in any such court, and agrees not to bring any Action arising out of or relating to this Agreement or the transactions contemplated hereby in
any other court. Nothing herein contained shall be deemed to affect the right of any party to serve process in any manner permitted by Law, or to commence legal proceedings or otherwise proceed against any other party in any other jurisdiction, in
each case, to enforce judgments obtained in any Action brought pursuant to this Section 4.7. Each of the Parties hereto hereby irrevocably waives any and all right to trial by jury in any action based upon, arising out of
or related to this Agreement or the transactions contemplated hereby. 
 Section 4.8 Confidential Information. 

Each Shareholder shall ensure that any Confidential Information it receives will be treated strictly confidentially and only be disclosed: 

(a) to the extent necessary to any member of its Group, and any member of its Group’s respective directors, officers and employees,
auditors, professional advisors and other representatives, on terms that such recipient shall only use such Confidential Information in connection with that Person’s legitimate interests as a shareholder or representative or advisor of a
shareholder of the Company; 
 (b) if requested or required by applicable Law or by a competent court; 

(c) if requested or required by any competent securities exchange or competent regulatory or governmental body or other authority with relevant
powers to which the disclosing Person is subject or submits; 
 (d) if necessary to enforce this Agreement in court proceedings; or 

(e) if the Shareholder to whom the Confidential Information relates has given its written consent to disclosure. 

  
 16 

 Section 4.9 Specific Enforcement. The parties hereto acknowledge that the
remedies at law of the other parties for a breach or threatened breach of this Agreement would be inadequate and, in recognition of this fact, any party to this Agreement, without posting any bond, and in addition to all other remedies that may be
available, shall be entitled to equitable relief in the form of specific performance, a temporary restraining order, a temporary or permanent injunction or any other equitable remedy that may then be available. 

Section 4.10 Notices. All notices, requests and other communications to any party hereunder shall be in writing (including
facsimile transmission and electronic mail (“e-mail”) transmission, so long as a receipt of such e-mail is requested and received by non-automated response). All such notices, requests and other communications shall be delivered in person or sent by facsimile, e-mail or nationally recognized overnight
courier and shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. on a Business Day in the place of receipt. Otherwise, any such notice, request or communication shall be deemed to have been received
on the next succeeding Business Day in the place of receipt. All such notices, requests and other communications to any party hereunder shall be given to such party as follows: 

(a) To the SL Shareholder and the PG Shareholder: 

c/o Maples Corporate Services Limited 

PO Box 309, Ugland House 
 Grand
Cayman, KY1-1104 
 Cayman Islands 

Attention:           Legal Depart 

Email:
                LegalStaff-UK@silverlake.com 

with copies (which shall not constitute notice) to: 

c/o Silver Lake Europe LLP 

Broadbent House, 65 Grosvenor Street, 

London W1K 3LH 
 Attention:
           Legal Depart 
 Email:
                LegalStaff-UK@silverlake.com 

with a copy to: 
 Simpson
Thacher & Bartlett LLP 
 425 Lexington Avenue 

New York, NY 10017 
 Attn:
        Michael O. Wolfson 
 E-mail:
     MWolfson@stblaw.com 
 and a copy to: 

  
 17 

 Simpson Thacher & Bartlett LLP 

CityPoint 
 One Ropemaker Street

 London EC2& 9HU 
 Attn:
         Clare G. Gaskell 
 E-mail:
     CGaskell@stblaw.com 
 (b) To the Far Point Shareholder: 

Far Point LLC 
 18 West 18th
Street 
 New York, NY 10011 

Attn: Thomas Farley 
 David
Bonanno 
 E-mail: thomas.farley@farpoint.ventures 

david.bonanno@farpoint.ventures 

with copies (which shall not constitute notice) to: 

Morgan, Lewis & Bockius LLP 

101 Park Avenue 
 New York, NY
10178- 0060 
 Attention: Alec Dawson 

Robert Robison 
 E-mail: alec.dawson@morganlewis.com 
 robert.robison@morganlewis.com 

and 
 Baker & Hostetler
LLP 
 45 Rockefeller Plaza 

New York, NY 10111 
 Attn:
Steven H. Goldberg 
 Email: sgoldberg@bakerlaw.com 

(c) To the Third Point Shareholders, as applicable: 

Third Point Offshore Master Fund L.P. 

Third Point Ultra Master Fund L.P. 

Third Point Partners Qualified L.P. 

Third Point Partners L.P. 

Third Point Enhanced L.P. 

Third Point Ventures LLC 
 c/o
Third Point LLC 
 390 Park Avenue 

New York, NY 10022 
 Attention:
Josh Targoff, Chief Operating Officer and General Counsel 
 Email: legal@thirdpoint.com 

  
 18 

 with a copy to: 

Baker & Hostetler LLP 

45 Rockefeller Plaza 
 New York,
NY 10111 
 Attn: Steven H. Goldberg 

Email: sgoldberg@bakerlaw.com 

(d) To any Manager, such Notice shall be addressed or sent to the relevant Manager at the address set out in his/her Joinder Agreement, 

or to such other address or to such other Person as any party shall have last designated by such notice to the other parties. 

Section 4.11 Deemed Service. 

(a) Notice to a Manager pursuant to this Agreement shall be deemed validly served on all of them if validly served on the Management
Representative. 
 (b) Each Manager hereby agrees that any legal proceedings may be served on him by delivering a copy of such proceedings to
him at the address set out in his/her Joinder Agreement. 
 Section 4.12 Binding Effect; Third Party Beneficiaries. The
provisions of this Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective permitted successors and assigns. Except as provided in Section 4.16, no provision of this
Agreement is intended to confer any rights, benefits, remedies, obligations or liabilities hereunder upon any Person other than the parties hereto and their respective permitted successors and assigns. 

Section 4.13 Further Assurances. The parties hereto will sign such further documents, cause such meetings to be held, resolutions
passed, exercise their votes and do and perform and cause to be done such further acts and things necessary, proper or advisable in order to give full effect to this Agreement and every provision hereof. 

Section 4.14 Table of Contents, Headings and Captions. The table of contents, headings, subheadings and captions contained in this
Agreement are included for convenience of reference only, and in no way define, limit or describe the scope of this Agreement or the intent of any provision hereof. 

Section 4.15 Confirmations by the Parties 

(a) Each of the parties to this Agreement acknowledges and agrees that in relation to the transactions contemplated by this Agreement: 

(i) he/she has entered into such transactions entirely on the basis of his/her own assessment of such transactions and of the
risks and effect thereof and of any separate advice which he/she may have received from any Person (other than the Institutional Shareholders) and not, in the case of the Managers, on the basis of any information provided to him/her by, or any
advice received from, or on behalf of the Institutional Shareholders; 

  
 19 

 (ii) he/she is not a client of any member of any Group and no member of any
Group is acting or has acted for him/her, nor is any member of any Group responsible to him/her for providing the protections afforded to clients of their respective firms or for advising him/her on such transactions; 

(iii) neither the appointment of a Director or other director nor the giving of advice by any such Person in his/her capacity
as a director of a Global Blue Group Company is to be taken as constituting the regulated activity of providing investment advice either by such Person or by the appointing member of any Group (or an Affiliate thereof); and 

(iv) he/she is owed no duty of care or other obligation by any member of any Group in respect thereof and, insofar as he/she is
owed any such duty or obligation (whether in contract, tort or otherwise) by any member of any Group, he/she hereby waives, to the extent permitted by law, any rights which he may have in respect of such duty or obligation. 

Section 4.16 No Recourse. Without limiting the express obligations in this Agreement, to the maximum extent permitted by law and
save to the extent required to give effect to any order of any court in respect of any claim against any party to this Agreement, this Agreement may only be enforced against, and any claims or cause of action that may be based upon, arise out of or
relate to this Agreement, or the negotiation, execution or performance of this Agreement may only be made against the parties that are expressly identified as parties hereto and no other past, present or future Affiliate, director, officer,
employee, incorporator, member, manager, general or limited partner, shareholder, controlling Person, fiduciary, agent, attorney or representative of any party hereto, or any other past, present or future Affiliate, director, officer, employee,
incorporator, member, manager, general or limited partner, shareholder, controlling Person, fiduciary, agent, attorney or representative of any of the foregoing shall have any liability for any obligations or liabilities of the parties to this
Agreement or for any claim based on, in respect of, or by reason of, the transactions contemplated hereby. Each party (other than a Manager) shall be entitled to enforce this section against any other party on behalf of a Person referred to in this
Section. 
 [Remainder of page intentionally left blank] 

  
 20 

 IN WITNESS WHEREOF, each of the parties hereto has caused this Shareholders Agreement
to be executed by its duly authorized officers as of the day and year first above written. 
  

			
	GLOBAL BLUE HOLDING LP

 By: SL Globetrotter GP, Ltd., its general
partner 

			
		
	By:	 	 /s/ Joseph Osnoss

	Name:	 	Joseph Osnoss
	Title:	 	Director

 [Signature Page to Shareholders Agreement] 

 FAR POINT LLC 

By: Third Point LLC, investment manager of Cloudbreak Aggregator LP, its managing member 

 

			
	By:	 	 /s/ Josh Targoff

	Name:	 	Josh Targoff
	Title	 	Chief Operating Officer and General Counsel

 [Signature Page to Shareholders Agreement] 

			
	CLOUDBREAK AGGREGATOR LP
	
	By: Third Point LLC, its investment manager

			
		
	By:	 	 /s/ Josh Targoff

	Name:	 	Josh Targoff
	Title:	 	Chief Operating Officer and General Counsel

 [Signature Page to Shareholders Agreement] 

			
	THIRD POINT OFFSHORE MASTER FUND, L.P.
	
	By: Third Point LLC, its investment manager
		
	By:	 	 /s/ Josh Targoff

	Name:	 	Josh Targoff
	Title:	 	Chief Operating Officer and General Counsel
	
	THIRD POINT ULTRA MASTER FUND L.P.
	
	By: Third Point LLC, its investment manager
		
	By:	 	 /s/ Josh Targoff

	Name:	 	Josh Targoff
	Title:	 	Chief Operating Officer and General Counsel
	
	THIRD POINT PARTNERS QUALIFIED L.P.
	
	By: Third Point LLC, its investment manager
		
	By:	 	 /s/ Josh Targoff

	Name:	 	Josh Targoff
	Title:	 	Chief Operating Officer and General Counsel
	
	THIRD POINT PARTNERS L.P.
	
	By: Third Point LLC, its investment manager
		
	By:	 	 /s/ Josh Targoff

	Name:	 	Josh Targoff
	Title:	 	Chief Operating Officer and General Counsel
	
	THIRD POINT ENHANCED L.P.
	
	By: Third Point LLC, its investment manager

			
		
	By:	 	 /s/ Josh Targoff

	Name:	 	Josh Targoff
	Title:	 	Chief Operating Officer and General Counsel
	
	 THIRD POINT VENTURES LLC, as

nominee for funds managed and/or advised
 by Third Point
LLC

		
	By:	 	Third Point LLC, its Attorney-in-Fact
		
	By:	 	 /s/ Josh Targoff

	Name:	 	Josh Targoff
	Title:	 	Chief Operating Officer and General Counsel

 [Signature Page to Shareholders Agreement] 

 Annex A 

FORM OF JOINDER AGREEMENT 

The undersigned is executing and delivering this Joinder Agreement pursuant to that certain Shareholders Agreement, dated as of [•] (as
amended, restated, supplemented or otherwise modified in accordance with the terms thereof, the “Shareholders Agreement”) by and among: (i) Global Blue Holding LP, an exempted limited partnership formed under the laws of the
Cayman Islands, having its registered office at the offices of Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands and registered in the Cayman Islands General
Registry under number 95120 (the “PG Shareholder”), (ii) SL Globetrotter LP, an exempted limited partnership formed under the laws of the Cayman Islands, having its registered office at the offices of Maples Corporate Services
Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands and registered in the Cayman Islands General Registry (the “SL Shareholder” and, together with the PG Shareholder,
each a “SL/PG Shareholder” and together the “SL/PG Shareholders”), (iii) Far Point LLC, a Delaware limited liability company, having its registered office at c/o Third Point LLC, 390 Park Avenue, New
York, NY, USA, 10022] (the “Far Point Shareholder”), (iv) Third Point Offshore Master Fund L.P., an exempted limited partnership formed under the laws of the Cayman Islands (“TP Offshore”), Third Point Ultra Master
Fund L.P., an exempted limited partnership formed under the laws of the Cayman Islands (“TP Ultra”), Third Point Partners Qualified L.P., a Delaware limited partnership (“TP Qualified”), Third Point Partners L.P., a
Delaware limited partnership (“TP Partners”), Third Point Enhanced L.P., an exempted limited partnership formed under the laws of the Cayman Islands (“TP Enhanced”) and Cloudbreak Aggregator LP, an exempted limited
partnership formed under the laws of the Cayman Islands (the “Backstop Subscriber”), each having its registered office at c/o Third Point LLC, 390 Park Avenue, New York, NY, USA, 10022 (TP Offshore, TP Ultra, TP Qualified, TP
Partners, TP Enhanced and the Backstop Subscriber each a “Third Point Shareholder” and collectively, the “Third Point Shareholders”, and together with the SL/PG Shareholders and the Far Point Shareholder, the
“Institutional Shareholders”) and (v) the several persons whose names and addresses are set out in each of his/her respective Joinder Agreements (each a “Manager” and, together, the
“Managers”, and together with the Institutional Shareholders, the “Shareholders”), and any other Persons who become a party thereto in accordance with the terms thereof. Capitalized terms used but not defined in
this Joinder Agreement shall have the respective meanings ascribed to such terms in the Shareholders Agreement. 
 By executing and
delivering this Joinder Agreement to the Shareholders Agreement, the undersigned hereby adopts and approves the Shareholders Agreement and agrees, effective commencing on the date hereof and as a condition to the undersigned’s becoming the
beneficial owner and/or transferee of certain Company Securities, to become a party as a “Shareholder” and to be bound by and comply with the provisions of, the Shareholders Agreement applicable to the assigning Shareholder, in the same
manner as if the undersigned were an original signatory to the Shareholders Agreement. 
 The undersigned acknowledges and agrees that
Article IV of the Shareholders Agreement is incorporated herein by reference, mutatis mutandis. 

  
 A-1 

 Accordingly, the undersigned has executed and delivered this Joinder Agreement as of the
     day of                 ,                 . 

 

			
	  
 (Signature of
Transferee)

	
	  
 (Print Name of
Transferee)

		
	Address:	 	  

	  

	  

	Telephone:	 	  

	Facsimile:	 	  

	Email:	 	  

  
 A-2EX-10.8

 Exhibit 10.8 

DATED January 16, 2020 

between 
 GLOBAL BLUE GROUP
HOLDING AG 
 and 
 SL
GLOBETROTTER L.P. 
 and 

FAR POINT LLC 
  

 
 RELATIONSHIP
AGREEMENT 
  
  

 THIS RELATIONSHIP AGREEMENT (the “Agreement”) is made on
January 16, 2020 
 BETWEEN: 
  

	(1)	 GLOBAL BLUE GROUP HOLDING AG, a limited company having its registered office in Zurichstrasse 38, 8306
Bruttisellen, Aktiengesellschaft (Neueintragung), Switzerland and identification number UID 442.546.212 (the “Company”); 

  

	(2)	 SL GLOBETROTTER L.P., an exempted limited partnership formed under the laws of the Cayman Islands,
having its registered office at the offices of Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands and registered in the Cayman Islands General Registry (the
“SL Institutional Shareholder”); and 

  

	(3)	 FAR POINT LLC, a Delaware limited liability company, having its registered office at c/o Third
Point LLC, 390 Park Avenue, New York, NY, USA, 10022 (the “Far Point Institutional Shareholder” and, together with the SL Institutional Shareholder, the “Institutional Shareholders”). 

The parties to this Agreement are hereinafter collectively referred to as the “Parties” and individually as a “Party”. 

RECITALS: 
  

	(1)	 Following the closing (the “Closing”) of a merger agreement by and among, inter alia,
the Company and the Seller Parties (as defined therein), entered into on or around the date hereof (the “Merger Agreement”), the Company will own the business known as ‘Global Blue’ and the Common Shares (as defined
below) of the Company will be listed on the New York Stock Exchange (the “Exchange”). 

  

	(2)	 Following Closing, each of the Institutional Shareholders will own certain Company Securities.

  

	(3)	 The Parties have agreed to enter into this Agreement to regulate the relationship between them and to govern
the exercise by each of the Institutional Shareholders of its rights in respect of the Company. 

 IT IS AGREED as follows: 

 

	1.	 DEFINITIONS AND INTERPRETATION 

 

	1.1.	 The following terms shall, unless the context otherwise requires, have the following meaning:

 “Adjusted Company Warrant Number” equals ((x – y) / x) * z 

where: 
 x = the VWAP of the
Common Shares for the 15 trading days prior to the date of calculation; 

  
 2 

 y = the average exercise price of all Warrants granted by the Company and outstanding; and

 z = the total number of Warrants granted by the Company and outstanding; 

“Adjusted Percentage” is a percentage calculated by dividing (a) the sum of (i) the number of Voting Shares held by
a Person plus (ii) such Person’s Adjusted Warrant Number by (b) the sum of (i) the total number of Voting Shares in issue and (ii) the Adjusted Company Warrant Number; 

“Adjusted Warrant Number” equals ((a – b) / a) * c 

where: 
 a = the VWAP of the
Common Shares for the 15 trading days prior to the date of calculation; 
 b = the average exercise price of the Warrants held by such
Person; and 
 c = the number of Warrants held by a Person; 

“Affiliate” means with respect to a Person (the “First Person”): 

 

	 	(i)	 another Person that, directly or indirectly through one or more intermediaries, Controls, or is Controlled by,
or is under common Control with, the First Person; 

  

	 	(ii)	 a pooled investment vehicle organised by the First Person (or an Affiliate thereof) the investments of which
are directed by the First Person (or an Affiliate thereof); 

  

	 	(iii)	 a fund organised by the First Person for the benefit of the First Person’s (or any of its
Affiliates’) partners, officers or employees or their dependants; or 

  

	 	(iv)	 a successor trustee or nominee for, or a successor by reorganization of, a qualified trust (being a tax
advantaged fiduciary relationship between an employer and an employee in which the employee beneficiary may use his life expectancy to determine required minimum distribution amounts), 

but shall, where applicable, exclude portfolio companies controlled by funds managed directly or indirectly by Silver Lake Technology
Management, L.L.C., Partners Group or Third Point or portfolio companies managed directly or indirectly by Persons falling within limb (i) above in respect of any of them and any of their respective partners, officers, employees or their
dependents. Further, Third Point and the portfolio companies Controlled by funds managed directly or indirectly by Third Point shall not be deemed to be Affiliates of Silver Lake Technology Management, L.L.C., Partners Group or any portfolio
companies Controlled by funds managed directly or indirectly by Silver Lake Technology Management, L.L.C. or Partners Group, and vice versa; 

“Ant Board Member” means a member of the Board designated by the SL Institutional Shareholder in accordance with Clause 3.2.2;

 “Ant Institutional Shareholder” means Antfin (Hong Kong) Holding Limited; 

  
 3 

 “Articles” means the articles of association of the Company as amended from
time to time in accordance with the Board Rules; 
 “Board” means the board of the Company, as constituted from time to
time; 
 “Board Committees” means the finance and audit committee and the nomination and compensation committee of
the Board, and any other committees which the Board may have from time to time; 
 “Board Committee Rules”
means the charters of the Board Committees as amended from time to time in accordance with the Board Rules; 
 “Board
Meeting” means the board meeting of the Board Members; 
 “Board Member” means a member of the Board; 

“Board Rules” means the organizational regulations of the Board as amended from time to time in accordance with their
terms; 
 “Business Day” means any day, except a Saturday or Sunday or English bank or public holiday in the Cayman
Islands, London, New York or Switzerland; 
 “Closing” has the meaning given thereto in the recitals of this Agreement; 

“Code of Best Practice” means the Swiss Code of Best Practice for Corporate Governance; 

“Common Shares” means the registered common shares with a nominal value of CHF 0.01 each of the Company (or any successor of
the Company by combination of shares, recapitalization, merger, consolidation or other reorganization) and any shares into which any such Common Shares shall have been changed or any shares resulting from any reclassification of any such Common
Shares; 
 “Company” has the meaning given thereto in the recitals of this Agreement; 

“Company Securities” means, together, the (i) Common Shares, (ii) Series A Preferred Shares and (iii) Warrants;

 “Confidential Information” means any information of a secret or confidential nature concerning the Global Blue
Group received at any time prior to or after the date of this Agreement, but excluding any information which: 
  

	 	(i)	 was in the possession of or was known to any member of the relevant Institutional Shareholder Group prior to
its receipt from the Global Blue Group (other than through a breach of Clause 5 of this Agreement); 

  

	 	(ii)	 was or is independently developed by any member of the relevant Institutional Shareholder Group without the
utilization of such Confidential Information; 

  

	 	(iii)	 is or becomes public knowledge without the fault of any member of the relevant Institutional Shareholder Group;
or 

  

	 	(iv)	 is or becomes available to any member of the relevant Institutional Shareholder Group from a source other than
the Global Blue Group in circumstances where any member of any Institutional Shareholder Group is not aware that disclosure has been made in breach of an obligation of confidentiality; 

  
 4 

 “Control” means, with respect to a Person (other than an
individual) (a) direct or indirect ownership of more than 50% of the voting securities of such Person, (b) the right to appoint, or cause the appointment of, more than 50% of the members of the board of directors (or similar governing
body) of such Person or (c) the right to manage, or direct the management of, on a discretionary basis, the assets of such Person, and, for the avoidance of doubt, a general partner is deemed to Control a limited partnership and, solely for the
purposes of this Agreement, a fund advised or managed directly or indirectly by a Person shall also be deemed to be Controlled by such Person (and the terms “Controlling” and “Controlled” shall have meanings
correlative to the foregoing); 
 “Deed of Accession” means a deed of accession to this Agreement in the form
attached as Schedule 1 (Deed of Accession) hereto; 
 “Dispute” has the meaning given thereto in Clause 9.9 of
this Agreement; 
 “Executive Board Member” means a member of the Board who is an executive of the Global Blue Group
from time to time and being, as at the date hereof, Jacques Stern; 
 “Exchange” has the meaning given thereto in the
recitals of this Agreement; 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and
regulations of the Securities and Exchange Commission promulgated thereunder; 
 “Far Point Board Member” means a member of
the Board designated by the Far Point Institutional Shareholder in accordance with Clause 3; 
 “Far Point Institutional
Shareholder” has the meaning given thereto in the recitals of this Agreement; 
 “Family Trust” means in relation
to a person, any trust or settlement set up wholly for the benefit of that person and/or that person’s siblings, spouse, civil partner, persons with whom they have been co-habiting for at least five years
and any of their lineal descendants or antecedents; 
 “FPAC” means Far Point Acquisition Corporation, a special purpose
acquisition company, registered under the laws of Delaware; 
 “General Meeting” means the general meeting of
shareholders of the Company; 
 “Global Blue Group” means the Company, its group companies and its direct and
indirect subsidiaries; 
 “Independent Board Member” means a member of the Board who is considered by the Company to
be independent in accordance with the requirements of the Exchange (including, in the context of members of the finance and audit committee, under Rule 10A-3 under the Exchange Act, as applicable) and the
standards of independence promulgated by the Board from time to time; 

  
 5 

 “Information” has the meaning given thereto in Clause 5.1 of this
Agreement; 
 “Institutional Shareholder Board Member” means a member of the Board designated by any Institutional
Shareholder in accordance with Clause 3.2.1 or 3.2.3; 
 “Institutional Shareholders” has the meaning given thereto in the
recitals of this Agreement; 
 “Institutional Shareholder Group” means: 

(i) in the case of the SL Institutional Shareholder, the SL Institutional Shareholder and Partners Group, and each of their respective
Affiliates, but excluding the Global Blue Group; 
 (ii) in the case of the Far Point Institutional Shareholder, the Far Point Institutional
Shareholder, Third Point and each of their Affiliates (which shall include, with respect to the Far Point Institutional Shareholder, Thomas W. Farley and his Family Trust); or 

(iii) in the case of the Ant Institutional Shareholder, the Ant Institutional Shareholder and each of its direct and indirect subsidiary
undertakings; 
 “Management Information Package” means a package of information relating to the Global Blue Group made up
to, and as at the end of, the relevant calendar month, in such form as has been produced in the six months prior to the date of this Agreement or as subsequently specified by the Board but at least incorporating a profit and loss account, balance
sheet and cash flow statement for the Global Blue Group on a monthly basis and year-to-date basis together with a breakdown identifying variances from the Global Blue
Group’s annual operating budget and the prior year figures and showing annual totals for Sales-in-Store, revenue, and EBITDA; 

“Merger Agreement” has the meaning given thereto in the recitals of this Agreement; 

“Parties” has the meaning given thereto in the recitals of this Agreement; 

“Partners Group” means Partners Group Client Access 5, L.P. Inc., Partners Group Private Equity (Master Fund), LLC, and
Partners Group Barrier Reef, L.P.; 
 “Person” means a natural person, partnership, corporation, limited liability company,
business trust, joint stock company, trust, unincorporated association, joint venture or other entity or organization; 
 “Series A
Preferred Shares” means the registered series A convertible preferred shares with a nominal value of CHF 0.01 each of the Company (or any successor of the Company by combination of shares, recapitalization, merger, consolidation or other
reorganization) and any share into which any such Series A Preferred Shares shall have been changed or any shares resulting from any reclassification of any such Series A Preferred Shares; 

“SL Board Member” means a member of the Board designated by the SL Institutional Shareholder in accordance with Clause 3.2.1;

 “SL Institutional Shareholder” has the meaning given thereto in the recitals of this Agreement; 

  
 6 

 “Takeover Offer” means a public takeover offer for all or part of
the Common Shares; 
 “Third Point” means Third Point LLC; 

“Voting Shares” means, together, the Common Shares and the Series A Preferred Shares; 

“VWAP” means, for any security as of any date(s), the daily dollar volume-weighted average price for such security on the
principal securities exchange or securities market on which such security is then traded during the period beginning at 9:30:01 a.m., New York time, and ending at 4:00:00 p.m., New York time, as reported by Bloomberg through its “HP”
function (with “Market” function set to “VWAP”, “Currency” function set to “USD”, and “Period” function set to “Daily”; the resulting VWAP is shown next to the “Average” label);
and 
 “Warrants” means warrants issued by FPAC which attach to them certain rights which will allow for such warrants to be
exchanged for certain Common Shares after Closing. 
  

	1.2.	 In this Agreement, unless the context dictates otherwise: 

 

	 	(i)	 the masculine gender shall include the feminine and the neuter and vice versa and references to the
singular shall include the plural and vice versa; 

  

	 	(ii)	 references to “include” and “including” shall be treated as references to
“include without limitation” or “including without limitation”; 

  

	 	(iii)	 the headings are for identification only and shall not affect the interpretation of this Agreement; and

  

	 	(iv)	 references to any statute or statutory provision include any code, regulation, statute or statutory provision
which amends, extends, consolidates or replaces the same, or which has been amended, extended, consolidated or replaced by the same, and shall include any orders, regulations, instruments or other subordinate legislation made under the relevant
statute or statutory provision. 

  

	2.	 CONDITIONALITY 

 

	2.1.	 This Agreement is conditional upon Closing occurring in accordance with the terms of the Merger Agreement and
shall become effective upon Closing and shall thereafter continue to be effective until terminated in accordance with Clause 7 (Termination). 

  

	2.2.	 In the event that the Merger Agreement is terminated without Closing occurring, this Agreement shall cease and
be of no further effect. 

  

	3.	 BOARD 

  

	3.1.	 The Parties acknowledge and agree that the Board shall include at least three members who qualify as
Independent Board Members and the chairperson of the Board shall at all times be a non-executive Board Member. The Board shall not at any time have more than one executive Board Member, if any, and if there is
an executive Board Member, this shall be the chief executive officer of the Global Blue Group. 

  

	3.2.	 Subject to Clause 3.6: 

  
 7 

	 	3.2.1.	 the SL Institutional Shareholder shall have the right to designate up to three persons for nomination by the
Board as SL Board Members and to designate replacements for such SL Board Members; 

  

	 	3.2.2.	 the SL Institutional Shareholder shall have the right to designate an additional one person for nomination by
the Board at or prior to Closing as the Ant Board Member, provided that such designation is in compliance with Schedule 2 (Ant Board Member); and 

  

	 	3.2.3.	 the Far Point Institutional Shareholder shall have the right to designate up to two persons for nomination by
the Board as Far Point Board Members and to designate replacements for such Far Point Board Members, 

 who, in each case,
in the reasonable assessment of the Board, satisfy any applicable requirements imposed by the Articles, Board Rules, Board Committee Rules and any other corporate governance policies that are applicable to Board Members generally. It is understood
and agreed that in no event shall such persons’ affiliation with the SL Institutional Shareholder, the Far Point Institutional Shareholder or the Ant Institutional Shareholder (as applicable) make such persons ineligible to be members of the
Board. Such persons will not need to be ‘independent’ for purposes of the Code of Best Practice or pursuant to Rule 10A-3 under the Exchange Act. 

 

	3.3.	 If, and at any time, any Institutional Shareholder has the right to designate a representative for nomination
by the Board as a Board Member pursuant to Clause 3.2, the Company shall, following the assessment by the Board pursuant to the preceding paragraph, procure that the Board nominates the person designated by such Institutional Shareholder for
election as a Board Member and to use reasonable efforts to procure the election of the person designated by such Institutional Shareholder to the Board at each relevant General Meeting, including by soliciting the vote of the Shareholders to vote
in favour of Board nominees and providing any other support that the Company or the Board provides to any other nominees to the Board. 

  

	3.4.	 If, and at any time, any Institutional Shareholder has the right to designate a representative for nomination
by the Board as a Board Member pursuant to Clause 3.2: 

  

	 	(i)	 in the case of (i) the removal, resignation, retirement, death or disability of its relevant Board Member
or (ii) the failure of the person designated by such Institutional Shareholder to be nominated for election to the Board at any General Meeting, the relevant Institutional Shareholder shall have the right, but not the obligation, to
submit in writing to the Company a nomination for a replacement representative to the Board; and 

  

	 	(ii)	 the Company agrees to nominate the person designated by such Institutional Shareholder as a new Board
Member and undertakes to promptly call and hold an extraordinary General Meeting with the agenda item to elect the proposed person as a new Board Member. 

Until the new Institutional Shareholder Board Member is elected, the Institutional Shareholder who designated such Institutional Shareholder
Board Member will have the right, but not the obligation, to designate a representative to attend, as an observer, the (x) meetings of the Board and (y) committees of the Board (only to the extent such Institutional Shareholder had the
right to designate a Board Member to such committee) and, as an 

  
 8 

 
observer, such Institutional Shareholder’s representative shall (i) be entitled to participate, without voting rights, in all (x) Board and (y) committee (only to the
extent such Institutional Shareholder had the right to designate a Board Member to such committee) meetings; (ii) receive the same information and materials as the other Board Members; (iii) be invited to meetings at the same time as the
other directors; and (iv) be entitled to the same expense reimbursement as the other directors, in each case to the extent permitted under applicable law. Such observer may share information as though Clause 3.7 applied but subject to any
directions or restrictions determined by the Board from time to time. 
  

	3.5.	 If, and at any time, any Institutional Shareholder has the right to nominate a representative to the Board
pursuant to Clause 3.2, such Institutional Shareholder shall be entitled to require that its representative not be nominated for re-election at the next annual General Meeting or that the Company convene an
extraordinary General Meeting to effect the dismissal of such representative from the Board.  

  

	3.6.	 Each Institutional Shareholder’s right to designate for nomination by the Board persons as the Board
Members, and to propose replacements for Board Members, shall lapse in accordance with the following provisions, provided that Clauses 3.6.2 and 3.6.3 shall not apply to rights of (i) the Far Point Institutional Shareholder, so long as one of
the Far Point Institutional Shareholder Board Members is Thomas W. Farley; and (ii) the SL Institutional Shareholder (other than in respect of Clause 3.2.2); in the case of each of (i) and (ii) above for the period of two years following
Closing: 

  

	 	3.6.1.	 if the SL Institutional Shareholder’s Institutional Shareholder Group directly or indirectly holds less
than 20% of the Voting Shares(from time to time), the SL Institutional Shareholder will have the right to designate two persons for nomination by the Board as SL Board Members; 

 

	 	3.6.2.	 if (i) the SL Institutional Shareholder’s Institutional Shareholder Group directly or indirectly
holds less than 10% of the Voting Shares (from time to time) or (ii) the Far Point Institutional Shareholder’s Institutional Shareholder Group directly or indirectly holds an Adjusted Percentage of less than 10% (from time to time), the SL
Institutional Shareholder or the Far Point Institutional Shareholder (as applicable) will each have the right to designate one person for nomination by the Board as a SL Board Member or Far Point Board Member (as applicable); and

  

	 	3.6.3.	 if (i) the SL Institutional Shareholder’s Institutional Shareholder Group directly or indirectly
holds less than 5% of the Voting Shares (from time to time) or (ii) the Far Point Institutional Shareholder’s Institutional Shareholder Group directly or indirectly holds an Adjusted Percentage of less than 5% (from time to time), the SL
Institutional Shareholder or the Far Point Institutional (as applicable) shall not have the right to designate any persons for nomination by the Board as a SL Board Member or Far Point Board Member (as applicable). 

 

	3.7.	 The Parties acknowledge that where an Institutional Shareholder Board Member receives (i) in a capacity
other than that of a member of the Board, information which imposes on him or her a duty of confidentiality, he or she shall not be obligated to disclose that information to the Company or to the Board, and (ii) subject to Clause 5, any
information relating to the Company or the Global Blue Group (in his or her capacity as a member of the Board or otherwise), the Institutional Shareholder Board Member may, subject to his or her fiduciary duties and statutory obligations as a member
of the Board and subject to any restrictions under applicable law and provided that where such information is subject to legal privilege only to the extent that legal privilege is maintained, communicate such information to any member of the
relevant Institutional Shareholder Group, provided that any such information so communicated shall be subject to Clauses 5.6 and 5.7. 

  
 9 

	3.8.	 The Company and the Board shall be permitted to withhold from the Ant Board Member any Confidential Information
relating to commercial relationships between any member of the Global Blue Group, on the one hand, and the Ant Institutional Shareholder or its affiliates, on the other hand (including the strategic business cooperation agreement contemplated
between Global Blue SA and Alipay.com Co., Ltd or any of its affiliates), and any other Confidential Information which the Company reasonably determines is commercially sensitive, taking into account such commercial relationships. Upon the request
of any other Board Member, the Ant Board Member shall be recused from any meeting (or part thereof) during which any such Confidential Information or commercial relationships are to be disclosed to or discussed by the Board. 

 

	3.9.	 Each Institutional Shareholder Board Member and any observer appointed pursuant to Clause 3.4 will be covered
by: (a) (irrespective of any separate insurance arranged by the relevant Institutional Shareholder Group) the Company’s directors’ and officers’ liability insurance during their appointment and for a period of at least four years
following the date of their resignation or removal from the Board and (b) the Company’s indemnity policy during their appointment and for a period of at least six years following the date of their resignation or removal from the Board, in
each case on terms at least as favourable to the Institutional Shareholder Board Member or observer (as applicable) as the insurance and indemnity policy in place at the date of Closing, in the case of insurance where such insurance is then
reasonably commercially available. The terms of the Company’s directors’ and officers’ liability insurance, the Company’s indemnity policy any other relevant policy of insurance or other policy will remain at all times available
to the Institutional Shareholders from the Company on request. 

  

	3.10.	 The Board, following consultation with outside counsel if deemed necessary, shall determine any measures to
address any actual or potential conflict of interest in accordance with the Board Rules. 

  

	4.	 BOARD COMMITTEES 

 

	4.1.	 The Company shall procure that the Board shall have a finance and audit committee and a nomination and
compensation committee. In addition, the Board may establish more committees from time to time. The members of the nomination and compensation committee will be appointed by the shareholders’ meeting upon proposal by the Board. The members of
all other committees will be appointed by the Board. 

  

	4.2.	 The Company and each Institutional Shareholder agree that (i) each of the Board Committees shall consist
of at least two members and (ii) the SL Institutional Shareholder and the Far Point Institutional Shareholder each has the right to nominate one director (which whilst he or she must be a member of the Board does not have to be an Institutional
Shareholder Board Member nominated by that Institutional Shareholder) to serve on each Board Committee (provided that the finance and audit committee shall consist only of Independent Board Members), for so long as the SL Institutional Shareholder
has the right to designate at least two persons for nomination by the Board as SL Board Members and the Far Point Institutional Shareholder has the right to designate up to two persons for nomination by the Board as Far Point Board Members, as
applicable, in each case in accordance with Clause 3. As long as there is at least one Institutional Shareholder Board Member nominated by that 

  
 10 

	 	
Institutional Shareholder, each of the SL Institutional Shareholder and the Far Point Institutional Shareholder shall have the right to appoint one person to attend finance and audit committee
meetings as an adviser without participating in the decision-making and voting process of the committee. The terms of appointment of such adviser shall be determined by the Board and shall include customary confidentiality obligations but shall not
entitle such adviser to any remuneration or the payment of any expenses by the Company and may provide for limitations of liability and an indemnity no less favourable that those offered to the Board Members. 

 

	4.3.	 The Parties agree that no Executive Board Member shall sit on the finance and audit committee or the nomination
and compensation committee.  

  

	5.	 INFORMATION SHARING  

 

	5.1.	 The Company shall provide or procure that each Institutional Shareholder is promptly provided, to the extent
permitted by applicable laws and regulations, with all such information (the “Information”) in respect of any Global Blue Group company necessary in order for the SL Institutional Shareholder’s Institutional Shareholder Group
and the Far Point Institutional Shareholder’s Institutional Shareholder Group (as applicable) to: 

  

	 	(i)	 complete any tax return, compilation or filing as required by applicable law or deal with any enquiry from a
tax authority; 

  

	 	(ii)	 comply with any financial, regulatory or other reporting obligations which apply to any member of any
Institutional Shareholder Group as required by applicable law; or 

  

	 	(iii)	 comply with any other laws, rules or regulations which apply to any member of any Institutional Shareholder
Group. 

  

	5.2.	 Without prejudice to the generality of Clause 5.1 above, to the extent permitted by applicable laws and
regulations and the rules and regulations of the Exchange, the Company will maintain, and will procure that each member of the Global Blue Group maintains, effective and appropriate control systems in relation to the financial, accounting and
record-keeping functions of the Global Blue Group. Each Board Member will be entitled to receive: (i) a detailed draft operating budget (including a cash flow and capital expenditure forecast) for the Global Blue Group in respect of its next
financial year, in such form as has been produced in the six months prior to the date of this Agreement, not later than twenty days before the end of each financial year; and (ii) the Management Information Package for each monthly
accounting period as soon as reasonably practicable and in any event within four weeks of the end of such period, provided that any Institutional Shareholder Board Member may at any time and from time to time notify the Company that he elects not to
receive the Management Information Package or other specified information (or to cancel or vary any such prior election). Each Institutional Shareholder Board Member will be entitled to (x) share any information received in (i) and (ii) of
the preceding sentence with the relevant Institutional Shareholder; and (y) such information and such access to the officers, employees and premises of the Global Blue Group as it may reasonably require for the purposes of enabling each
Institutional Shareholder to monitor its investments in the Company, in each case for (x) and (y) for so long as the relevant Institutional Shareholder Group holds (A) in the case of the Far Point Institutional Shareholder’s
Institutional Shareholder Group, an Adjusted Percentage of at least 10% and (B) in the case of any Institutional Shareholder Group other than the Far Point Institutional Shareholder’s Institutional Shareholder Group, at least 10% of
the Voting Shares (from time to time). 

  
 11 

	5.3.	 The Company shall procure that any document or information that is to be supplied under this Agreement which is
not in the English language is accompanied by an accurate English translation (subject to each Institutional Shareholder’s consent to the contrary). 

  

	5.4.	 Nothing in this Agreement shall prohibit or restrict the Company from disclosing, in accordance with such laws
or applicable rules or regulations to which the Company is or becomes subject by virtue of securities of the Company being admitted to listing or trading on any stock exchange, any inside information if and when such disclosure is required under or
pursuant to the Exchange Act, or such other laws or applicable rules or regulations to which the Company is or becomes subject by virtue of securities of the Company being admitted to listing or trading on any stock exchange. 

 

	5.5.	 Nothing in this Agreement shall require the Company, or any director, officer or employee of the Company, to
disclose inside information to the extent that such disclosure would violate any applicable law. The Parties acknowledge that pursuant to the Exchange Act they are prohibited from using inside information to effect transactions in Company
Securities and from disclosing inside information to third parties except as permitted by applicable laws and applicable Company policies. 

  

	5.6.	 Each Institutional Shareholder shall procure that all Information provided to it or to any member of its
Institutional Shareholder Group pursuant to Clause 3.7, Clause 4.2 or Clause 5.1 shall be treated as Confidential Information and shall be used in accordance with applicable laws and regulations. 

 

	5.7.	 Each Institutional Shareholder shall ensure that any Confidential Information it or any of its Institutional
Shareholder Board Members or any observer appointed by it pursuant to Clause 3.4 or any adviser appointed by it pursuant to Clause 4.2 receives will be treated strictly confidentially and only be disclosed: 

 

	 	(i)	 to the extent necessary to any member of its Institutional Shareholder Group, and any member of its
Institutional Shareholder Group’s respective directors, officers and employees, auditors, professional advisors and other representatives, on terms that such recipient shall only use such Confidential Information in connection with that
Person’s legitimate interests as a shareholder or representative or advisor of a shareholder of the Company. In no circumstances shall any such Confidential Information be shared with a company that competes with the business of the Global Blue
Group (or its advisors or representatives); provided that possession or knowledge of such Confidential Information by an Institutional Shareholder Group or its designated representatives on a company’s board of directors or governing body shall
not, solely for that reason, be deemed imputed to such company; and provided further that possession or knowledge of such Confidential Information by an Institutional Shareholder Group or its representatives carrying out a central management
function with respect to a portfolio of investments, including legal, compliance, governance, audit, risk, investment committee or other oversight functions, which may include such a competing business shall not, solely for that reason, be deemed
imputed to such company where such information is not disclosed to, or used in relation to, such competing business; 

  

	 	(ii)	 to any actual or potential providers of finance to the Global Blue Group and/or any member of its Institutional
Shareholder Group and/or for the refinancing of any of the funding provided by any such finance providers provided that such finance providers are themselves subject to confidentiality obligations; 

  
 12 

	 	(iii)	 if requested or required by applicable law or by a competent court; 

 

	 	(iv)	 if requested or required by any competent securities exchange or competent regulatory or governmental body or
other authority with relevant powers to which the disclosing person is subject or submits; 

  

	 	(v)	 if necessary to enforce this Agreement in court proceedings; or 

 

	 	(vi)	 if the Company has given its written consent to disclosure. 

 

	6.	 RELATIONSHIP BETWEEN THE PARTIES  

 

	6.1.	 The Company and each Institutional Shareholder undertake that transactions and relationships between a member
of its respective Institutional Shareholder Group and a member of the Global Blue Group and any agreements or arrangements between a member of its respective Institutional Shareholder Group and a member of the Global Blue Group will be on terms no
less favourable to the Company than those it could obtain at an arm’s length and on a customary commercial basis. 

  

	6.2.	 Each Institutional Shareholder undertakes that the voting rights attached to the Voting Shares directly or
indirectly held by each Institutional Shareholder (from time to time) shall not be exercised to procure any amendment to the Articles which would be inconsistent with any of the provisions of this Agreement without the Company’s consent.

  

	6.3.	 Each Institutional Shareholder undertakes that the voting rights attached to the Voting Shares held directly or
indirectly by each Institutional Shareholder (from time to time) shall not be exercised to prejudice the Company’s suitability for becoming, or its status once it becomes, a listed company on the Exchange or the Company’s ongoing
compliance with the Articles, the applicable Exchange rules and any other laws or regulations, in each case to the extent applicable to the Company, provided that this shall not prevent any member of any Institutional Shareholder Group from:

  

	 	(i)	 accepting a Takeover Offer; 

 

	 	(ii)	 itself making a Takeover Offer; or 

 

	 	(iii)	 selling its Voting Shares, subject to the relevant provisions of this Agreement. 

 

	7.	 TERMINATION 

  

	7.1.	 This Agreement shall terminate with immediate effect upon the earlier of: 

 

	 	(i)	 with respect to each Institutional Shareholder, its Institutional Shareholder Group ceasing to own or control,
directly or indirectly, any Company Securities; 

  

	 	(ii)	 upon mutual written consent of the Parties; and 

 

	 	(iii)	 upon the expiry of the period of 25 years from the date of Closing. 

  
 13 

	7.2.	 Each Institutional Shareholder may terminate this Agreement (with respect to itself only) with immediate effect
by written notice to the Company on or at any time after: 

  

	 	(i)	 any Person acquires or obtains Control of the Company; 

 

	 	(ii)	 the Company passes a resolution for its winding up or a court of competent jurisdiction makes an order for the
Company’s winding up or dissolution; 

  

	 	(iii)	 the commencement of any legal proceedings in relation to bankruptcy or other types of insolvency-related
reorganization proceedings of the Company, unless such proceedings are frivolous or vexatious and are discharged, stayed or dismissed within 60 calendar days of commencement; or 

 

	 	(iv)	 the Company makes an arrangement or composition with its creditors generally or makes an application to a court
of competent jurisdiction for protection from its creditors generally. 

  

	7.3.	 After termination of this Agreement, all rights and obligations of the Parties under this Agreement shall end
except for this Clause 7 and Clauses 1 (Definitions and Interpretations), 5 (Information Sharing), provided that Clauses 5.1 and 5.2 shall only remain effective with respect to any reporting period during which any Institutional
Shareholder Group held Voting Shares, 9.8 (Governing Law) and 9.9 (Dispute Resolution) which will remain in full force and effect. 

  

	8.	 BUSINESS OPPORTUNITIES 

 

	8.1.	 Subject to Clauses 5.6, 5.7 and 8.2, each member of each Institutional Shareholder Group and (subject to his
fiduciary duties as a director) any Institutional Shareholder Board Member may engage in or possess an interest in other investments, business ventures or entities of any nature or description, independently or with others, similar or dissimilar to,
or that compete with, the investments or any business of the Global Blue Group, and may provide advice and other assistance to any such investment, business venture or entity, and the Company shall have no rights in and to such investments, business
ventures or entities or the income or profits derived therefrom, and the pursuit of any such investment or venture, even if competitive with any business of the Global Blue Group, shall not be deemed wrongful or improper. Neither any member of any
Institutional Shareholder Group nor (subject to his fiduciary duties as a director) any Institutional Shareholder Board Member shall be obliged to present any particular investment or business opportunity to the Company even if such opportunity is
of a character that, if presented to the Company, it could be taken by any member of the Global Blue Group, and any member of any Institutional Shareholder Group and (subject to his fiduciary duties as a director) any Institutional Shareholder Board
Member shall have the right to take for its or his own account (individually or as a partner or fiduciary) or to recommend to others any such particular investment opportunity. 

 

	8.2.	 Notwithstanding anything in this Clause 8 to the contrary, each Institutional Shareholder agrees, for itself
and on behalf of each member of its Institutional Shareholder Group, that none of them shall, without the prior written consent of the Board, use non-public information relating to the Global Blue Group first
obtained by such Institutional Shareholder or any member of its Institutional Shareholder Group pursuant to this Agreement other than for the purpose of exercising such Institutional Shareholder’s rights or monitoring its interests as a
shareholder or otherwise as permitted by Clause 5.7. 

  
 14 

	9.	 GENERAL PROVISIONS 

 

	9.1.	 Scope 

Except as provided elsewhere in this Agreement, none of the provisions of this Agreement shall in any way limit (and the Institutional
Shareholders will not have any liability or obligations as a result of) the activities of any member of any Institutional Shareholder Group (excluding the Institutional Shareholders and any Institutional Shareholder Board Member, persons appointed
as observers or advisers in accordance with Clauses 3.4 or 4.2 or persons receiving Confidential Information) or as provided in Clause 8 or the activities of any portfolio company of any affiliate of any Institutional Shareholder Group. 

 

	9.2.	 No recourse 

  

	 	(i)	 The parties hereby acknowledge and agree that the Ant Board Member is not an employee, agent or representative
of the SL Institutional Shareholder nor acting on behalf of the SL Institutional Shareholder in any capacity. No information received by the Ant Board Member will be imputed to the SL Institutional Shareholder and the SL Institutional Shareholder
will not be liable for any act taken by the Ant Board Member. 

  

	 	(ii)	 Notwithstanding anything that may be expressed or implied in this Agreement and to the maximum extent permitted
by applicable law, the Company covenants, agrees and acknowledges with each Institutional Shareholder, for itself and on behalf of each person referred to in this Clause 9.2(ii), that no recourse under this Agreement or any documents or instruments
delivered in connection with this Agreement shall be had against any member of any Institutional Shareholder Group (other than the Institutional Shareholders) or any current or future director, officer, employee, representative, general or limited
partner of any member of any Institutional Shareholder Group, as such, whether by enforcement of any assessment or by any legal or equitable proceeding, or by virtue of any applicable law, it being expressly agreed and acknowledged that no personal
liability whatsoever shall attach to, be imposed on or otherwise be incurred by any current or future director, officer, employee, representative, general or limited partner or member of any Institutional Shareholder Group or any limited partnership
or fund advised by a member of any Institutional Shareholder Group or assignee thereof or any investor in such limited partnership or fund, as such, for any obligation of each Institutional Shareholder under this Agreement or any documents or
instruments delivered in connection with this Agreement for any claim based on, in respect of or by reason of such obligations. Each Institutional Shareholder shall be entitled to enforce the provisions of this Clause 9.2(ii) against the Company on
behalf of each other person referred to in this Clause 9.2(ii). The provisions of this Clause 9.2(ii) are without prejudice to any right of action the Company may have against an Institutional Shareholder Board Member or the Ant Board Member in his
or her capacity as a member of the Board or any persons appointed as observers or advisers in accordance with Clauses 3.4 or 4.2 or persons receiving Confidential Information and in each case are without prejudice to the terms of any other
agreements made with any relevant parties. 

  
 15 

	9.3.	 Entire agreement 

This Agreement supersedes and terminates any preceding or concurrent oral or written agreements between the Parties and no Party shall have any
right or remedy against any other Party arising out of or in connection with any such preceding or concurrent agreements unless stated otherwise in this Agreement. 
  

	9.4.	 Amendment 

This Agreement may only be amended by mutual agreement in writing. 
  

	9.5.	 Assignment 

None of the Parties may assign or procure the assumption of its rights and obligations under this Agreement, either in whole or in part, to any
other Person without the prior written consent of the Company, except that any Institutional Shareholder may assign or procure the assumption of its rights and obligations to any of its Affiliates (and in the case of the Far Point Institutional
Shareholder, Third Point or any of its Affiliates) on giving not less than 5 Business Days’ notice to the other Parties but without the prior consent of such Parties, subject to such assignee executing a Deed of Accession in the form attached
as Schedule 1 and will thereafter be deemed to be an “Institutional Shareholder” and be subject to this Agreement as if the assignee was such assigning Institutional Shareholder. The preceding sentence shall not apply to a transfer of
Common Shares (a) in a public offering that is registered under the Securities Act of 1933, as amended (the “Securities Act”), (b) a transfer to one or more broker-dealers or their affiliates pursuant to a firm commitment
purchase agreement for an offering that is exempt from registration under the Securities Act, (c) a transfer made through the facilities of a registered securities exchange or automated inter-dealer quotation system and (d) a transfer made
in compliance with the manner of sale limitations of Rule 144(f) under the Securities Act or any successor rule or provision. 
  

	9.6.	 Counterparts 

This Agreement may be signed in any number of counterparts each of which, when executed by one of the Parties, shall constitute an original.
Delivery of an executed counterpart of a signature page of this Agreement by telecopy or PDF-file shall be effective as delivery of an original counterpart of this Agreement. 

 

	9.7.	 Notices 

All notices and other communications under this Agreement must be in writing in English and delivered by
e-mail to the appropriate addresses set out below, or to such addresses and as a Party may notify to the other Party from time to time. 

To the Company: 
 Jeremy
Henderson-Ross 
 General Counsel 

Global Blue Group AG 
 Route de
Crassier 7 
 1262 Eysins 

Switzerland 

  
 16 

 To the SL Institutional Shareholder: 

c/o Maples Corporate Services Limited 

PO Box 309, Ugland House 
 Grand
Cayman, KY1-1104 
 Cayman Islands 

Attention: Legal Depart. 

Email: LegalStaff-UK@silverlake.com 

with copies (which shall not constitute notice) to: 

c/o Silver Lake Europe LLP 

Broadbent House, 65 Grosvenor Street, 

London W1K 3LH 
 Attention:
Legal Depart. 
 Email: LegalStaff-UK@silverlake.com 

and 
 Simpson Thacher &
Bartlett LLP 
 Citypoint, One Ropemaker Street 

London EC2Y 9HU 
 Attention:
Clare Gaskell 
 Email: cgaskell@stblaw.com 

To the Far Point Institutional Shareholder: 

Far Point LLC 
 18 West 18th Street 
 New York, NY 10011 

Attn: Thomas Farley 
 David
Bonanno 
 E-mail:
thomas.farley@farpoint.ventures 
 david.bonanno@farpoint.ventures 

with copies (which shall not constitute notice) to: 

Morgan, Lewis & Bockius LLP 

101 Park Avenue 
 New York,
NY 10178-0060 
 Attn Alec Dawson 

Robert Robison 
 E-mail: alec.dawson@morganlewis.com 
 robert.robison@morganlewis.com 

and 
 Baker & Hostetler
LLP 
 45 Rockefeller Plaza 

New York, NY 10111 
 Attn:
Steven H. Goldberg 
 Email: sgoldberg@bakerlaw.com 

  
 17 

	9.8.	 Governing law 

This Agreement shall be governed by substantive Swiss law (excluding Swiss Private International Law and international treaties, in particular
the Vienna Convention on the International Sale of Goods dated 11 April 1980). 
  

	9.9.	 Dispute resolution 

Any dispute, controversy or claim arising out of or relating to this Agreement, including any question regarding its conclusion, existence,
validity, invalidity, breach, amendment or termination (each, a “Dispute”), shall be finally resolved by arbitration under Rules of Arbitration of the International Chamber of Commerce (the “ICC”) in force at the
time of such submission (the “Rules”). The Rules are deemed to be incorporated by reference into this Agreement except: (i) that any provision of such Rules relating to the appointment of an emergency arbitrator shall be
excluded in its entirety; and (ii) as may be agreed by the Parties. 
 The number of arbitrators shall be three. The Claimant(s) shall
nominate one arbitrator in the Request for Arbitration. The Respondent(s) shall nominate one arbitrator in the Answer to the Request. The two party-nominated arbitrators will then attempt to agree for a period of 30 days, in consultation with the
parties to the arbitration, upon the nomination of a third arbitrator to act as president of the tribunal, barring which the International Court of Arbitration of the ICC shall select the third arbitrator (or any arbitrator that Claimant(s) or
Respondent(s) shall fail to nominate in accordance with the foregoing). 
 The seat of arbitration shall be Zurich, Switzerland. The language
of the arbitration shall be English. 
 The arbitral proceedings shall be subject to the provisions of Chapter 12 of the Swiss Private
International Act, to the exclusion of the Third Part of the Swiss Code of Civil Procedure. 
 The Parties shall maintain strict
confidentiality with respect to all aspects of the arbitration and shall not disclose the existence of the arbitration, the arbitral proceedings, the submissions or the decisions made by the arbitral tribunal, including its awards to any non-parties or non-participants without the prior written consent of all parties to the arbitration, except to the extent: (i) required by law and applicable internal
reporting requirements; or (ii) necessary to recognize, confirm or enforce the final award in the arbitration. 
 The Parties hereby
agree that, in the event of a dispute relating to any matter contained both in this Agreement and in the Articles, the provisions of this Agreement will prevail and, in particular, the provisions of this Clause 9.9 shall take precedence over the
dispute resolution provisions in the Articles. 
 [remainder of the page intentionally left blank] 

  
 18 

 THUS AGREED AND SIGNED ON THE DATE SET FORTH ABOVE 

 

	
	 GLOBAL BLUE GROUP HOLDING AG
  

/s/ Joseph Osnoss

	By: Joseph Osnoss
	Title: Director

 [Signature Page to Relationship Agreement] 

	
	 SL GLOBETROTTER L.P.
  

acting by its general partner
 SL GLOBETROTTER GP, LTD.

 

	 /s/ Joseph Osnoss

By: Joseph Osnoss

	Title: Director

 [Signature Page to Relationship Agreement] 

	
	 FAR POINT LLC
  

By: Third Point LLC, investment manager of Cloudbreak Aggregator LP, its managing member

 
 /s/ Josh Targoff

	  
 By: Josh Targoff

	Title: Chief Operating Officer and General Counsel

 [Signature Page to Relationship Agreement] 

 SCHEDULE 1 (DEED OF ACCESSION) 

THIS DEED is made on [●] 
 BETWEEN: 

 

	(1)	 GLOBAL BLUE GROUP HOLDING AG, a limited company having its registered office in Zurichstrasse 38, 8306
Bruttisellen, Aktiengesellschaft (Neueintragung), Switzerland and identification number UID 442.546.212 (the “Company”); 

  

	(2)	 [●] (the “Assigning Shareholder”); and 

 

	(3)	 [●] (the “Acceding Company”). 

WHEREAS: 
  

	(A)	 The Company and the Institutional Shareholders are parties to a relationship agreement dated [●] (the
“Relationship Agreement”). 

  

	(B)	 The Acceding Company has or will become a shareholder of the Company and wishes to enter into this deed
pursuant to Clause 9.5 of the Relationship Agreement. 

 THIS DEED WITNESSES as follows: 

Capitalised terms used in this Deed shall have the meanings ascribed to them in the Relationship Agreement, unless otherwise defined in this Deed. 

The Acceding Company confirms that it has been provided with a copy of the Relationship Agreement. 

The Acceding Company hereby undertakes to comply with the provisions of, and to perform all the obligations in, the Relationship Agreement in so far as they
are to be observed and performed by the Assigning Shareholder. The Company and the Assigning Shareholder agree that the Acceding Company will be entitled to all the rights and benefits and be subject to all the obligations of the Assigning
Shareholder under the Relationship Agreement. 
 This Deed shall be governed by substantive Swiss law (excluding Swiss Private International Law and
international treaties, in particular the Vienna Convention on the International Sale of Goods dated 11 April 1980). 
 [remainder of
the page intentionally left blank] 
  

 IN WITNESS WHEREOF this Deed has been signed on [date], 

 

	
	 [ASSIGNING SHAREHOLDER]
  

	
	  
 By:

	Title:
	
	 [ACCEDING COMPANY]
  

	  
 By:

	Title:

 For acceptance and agreement: 
  

	
	 GLOBAL BLUE GROUP HOLDING AG
  

	  
 By:

	Title:

 SCHEDULE 2 (ANT BOARD MEMBER) 

The SL Institutional Shareholder shall be permitted to designate any of the following persons for nomination by the Board as the Ant Board Member pursuant to
Clause 3.2.2: 
  

	 	(i)	 Ms. Angel Zhao (who, for the avoidance of doubt, is hereby approved by the Far Point Institutional
Shareholder for nomination); or 

  

	 	(ii)	 any other person designated by the SL Institutional Shareholder, prior to the earlier of (x) the expiry of
Ms Angel Zhao’s initial term of office and (y) the date which is the first anniversary of Closing, in each case with the prior written consent of the Far Point Institutional Shareholder, such consent not to be unreasonably withheld.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00303-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00303-of-00352.parquet"}]]