Document:

Exhibit 10.2

 

Strictly Confidential

 

SPONSOR SUPPORT AGREEMENT

 

This SPONSOR SUPPORT
AGREEMENT (this “Agreement”), dated as of December 19, 2019, is made by and among Act II Global LLC, a Delaware
limited liability company (together with its successors, the “Sponsor”), Act II Global Acquisition Corp., a
Cayman Islands exempted company (“Act II”), Flavors Holdings Inc., a Delaware corporation (“Flavors
Holdings”), MW Holdings I LLC, a Delaware limited liability company (“MW Holdings I”), MW Holdings
III LLC, a Delaware limited liability company (“MW Holdings III”), and Mafco Foreign Holdings, Inc., a Delaware
corporation (“Mafco Foreign Holdings” and together with Flavors Holdings, MW Holdings I and MW Holdings III,
the “Sellers”). Sponsor, Act II and the Sellers shall be referred to herein from time to time collectively as
the “Parties”. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such
terms in the Purchase Agreement (as defined below).

 

WHEREAS, Act II and
the Sellers entered into that certain Purchase Agreement, dated as of the date hereof (as it may be amended, restated or otherwise
modified from time to time, the “Purchase Agreement”); and

 

WHEREAS, the Purchase
Agreement contemplates that the Parties will enter into this Agreement concurrently with the entry into the Purchase Agreement,
whereby Sponsor shall defer certain of its equity interests in Act II as of immediately following the Closing and agree to certain
covenants and agreements related to the transactions contemplated by the Purchase Agreement.

 

NOW, THEREFORE, in
consideration of the premises and the mutual promises contained herein and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

 

1.       Representations
and Warranties. The Sponsor represents and warrants to Act II and the Sellers that the following statements are true and correct:

 

a.                  
The Sponsor has the requisite corporate, limited liability company or other similar power and authority to execute and deliver
this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and
delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by
all necessary and appropriate action on the part of the Sponsor. This Agreement has been duly and validly executed and delivered
by the Sponsor and constitutes a valid, legal and binding agreement of the Sponsor (assuming this Agreement has been duly authorized,
executed and delivered by the other Parties hereto), enforceable against the Sponsor in accordance with its terms (subject to applicable
bankruptcy, insolvency, reorganization, moratorium or other Laws affecting generally the enforcement of creditors’ rights
and subject to general principles of equity).

 

b.                   The
Sponsor is the record owner of all of the outstanding shares of Act II’s Class B ordinary shares (the
“Founder Shares”) and 6,750,000 warrants to purchase shares of Act II’s Class A ordinary shares at a
price of $11.50 per share (the “Founder Warrants”) as of the date hereof, which constitutes all of the
equity securities in Act II held by Sponsor and its Affiliates as of the date hereof. Immediately after the Closing, all of
the Escrowed Sponsor Shares (as defined herein) will be owned of record by the Sponsor, and all of the other Founder Shares
and Founder Warrants will be owned of record by the Sponsor, which Escrowed Sponsor Shares, other Founder Shares and Founder
Warrants owned of record by the Sponsor will constitute all of the equity securities in Act II held by Sponsor and its
Affiliates as of immediately after the Closing. The Sponsor has, or will have as of the date hereof and immediately prior to
the Closing, as applicable, valid, good and marketable title to such equity securities, free and clear of all Liens (other
than Liens pursuant to this Agreement or any other agreement contemplated by the Purchase Agreement and transfer restrictions
under applicable Law or under the Organizational Documents of Act II). Except for this Agreement, the Sponsor is not party to
any option, warrant, purchase right, or other contract or commitment that could require the Sponsor to sell, transfer, or
otherwise dispose of the Escrowed Sponsor Shares. Except as disclosed in Act II’s public filings with the U.S.
Securities and Exchange Commission at least one day prior to the date hereof or as provided in this Agreement, the Purchase
Agreement, the Investors Agreement, or the Organizational Documents of the Sponsor, the Sponsor is not a party to any voting
trust, proxy or other agreement or understanding with respect to the voting of the Founder Shares or the Founder Warrants.
Neither the Sponsor, nor any transferees of any equity securities of Act II initially held by the Sponsor, has asserted or
perfected any rights to adjustment or other anti-dilution protections with respect to any equity securities of Act II
(including the Founder Shares and the Founder Warrants) (whether in connection with the transactions contemplated by the
Purchase Agreement or otherwise).

 

     

     

    

 

c.       The
execution, delivery and performance by it of this Agreement and the consummation by the Sponsor of the transactions contemplated
hereby do not (with or without due notice or lapse of time or both): (i) conflict with or result in any breach of any provision
of the Organizational Documents of the Sponsor, (ii) result in a violation or breach of, or constitute a default or give rise to
any right of termination, cancellation or acceleration under, any of the terms, conditions or provisions of any note, bond, mortgage,
indenture, lease, license, contract, agreement or other instrument or obligation to which the Sponsor is a party or by which its
properties or assets may be bound, (iii) violate any Order or Law of any Governmental Entity applicable to the Sponsor or its Subsidiaries,
or any of their respective properties or assets (including the Founder Shares and the Founder Warrants), as applicable, or (iv)
result in the creation of any Lien (other than Liens pursuant to this Agreement or any other agreement contemplated by the Purchase
Agreement to which it is subject or bound and transfer restrictions under applicable Law or under the Organizational Documents
of Act II) upon its assets (including the Founder Shares and the Founder Warrants), except in the case of clauses (ii), (iii) and
(iv) above, for violations which would not reasonably be expected to materially impact, impair or delay or prevent the ability
of the Sponsor to consummate the transactions contemplated by this Agreement or have a material adverse effect on the ability of
the Sponsor to perform its obligations hereunder.

 

2.                  
Escrowed Sponsor Shares. The Sponsor hereby agrees that, on or prior to the Closing Date, the Sponsor shall enter
into an escrow agreement, as contemplated under the Purchase Agreement, pursuant to which the Sponsor shall deposit an aggregate
of 7,500,000 Class A ordinary shares (the “Escrowed Sponsor Shares”), to be held and distributed by the Escrow
Agent (as defined therein) on the terms and conditions set forth therein. Subject to the terms and conditions of this Agreement,
the Sponsor unconditionally and irrevocably agrees to take, or cause to be taken, all actions and to do, or cause to be done, all
things necessary, proper or advisable to consummate and make effective the transactions contemplated by this Section of this Agreement.

 

3.                  
Anti-Dilution. The Sponsor hereby irrevocably and unconditionally waives (including without limitation for purposes
of Section 17.4 of the Purchaser Constitutional Documents) and will not exercise, assert or perfect any rights to adjustment or
other anti-dilution protections with respect to any equity securities of Act II (including the Founder Shares and the Founder Warrants)
that may otherwise become available in connection with a Business Combination (including without limitation any rights that would
otherwise be available under Section 17.3 of the Purchaser Constitutional Documents).

 

4.                   Additional
Shares. In the event of a share split, dividend or distribution, or any other change in Act II’s Class A ordinary
shares or Class B ordinary shares by reason of any share split, dividend, distribution, subdivision,
recapitalization, reclassification, consolidation, conversion or the like, including the exchange of any securities
convertible into or exercisable for any such shares, or any other acquisition of (or acquisition of control of) such shares
after the date hereof, references to the Founder Shares, Founder Warrants, equity securities in Act II and the like shall be
deemed to refer to and include such shares as well as all such share dividends and distributions and any securities into
which or for which any or all of such shares may be changed or exchanged or which are received in such transaction.

 

     

     

    

 

5.       Pre-Closing
Covenants.

 

a.                  
From the date hereof until the earlier of the Closing and the termination of the Purchase Agreement in accordance with its
terms, the Sponsor hereby unconditionally and irrevocably agrees that at any duly called meeting of the shareholders of Act II
(or any adjournment or postponement thereof), and in any action by written consent of the shareholders of Act II, it shall, and
shall cause its Affiliates to, if a meeting is held, appear at the meeting, in person or by proxy, or otherwise cause its equity
securities in Act II to be counted as present thereat for purposes of establishing a quorum, and it shall vote or deliver to Act
II a duly executed affirmative written consent in favor of (or cause to be voted or consented), in person or by proxy, all of its
equity securities (a) (i) in favor of the Purchase Agreement and any other agreements contemplated by the Purchase Agreement (an
“Ancillary Document” and collectively, the “Ancillary Documents” which, for the avoidance
of doubt, shall include this Agreement) and the transactions contemplated hereby and thereby and (ii) against any action, proposal,
transaction or agreement that would result in a breach in any respect of any covenant, representation or warranty or any other
obligation or agreement of Act II contained in the Purchase Agreement or in any Ancillary Document, and (b) against any of the
following actions or proposals (other than the transactions contemplated by the Purchase Agreement and the Ancillary Documents):
(A) any proposal related to a Business Combination or any proposal in opposition to approval of the Purchase Agreement or any other
Purchaser Shareholder Proposal or in competition with or materially inconsistent with the Purchase Agreement, the transactions
contemplated thereby or any other Purchaser Shareholder Proposal; and (B) (x) any change in the present capitalization of Act II
or any amendment of the Organizational Documents of Act II other than the amendment included in the Purchaser Shareholder Proposals,
including any redemption of any equity securities in Act II (other than any redemption of equity securities in Act II held by Act
II equityholders (other than the Sponsor and its transferees) contemplated by the existing Organizational Documents of Act II);
(y) any change in Act II’s corporate structure or business; or (z) any other action or proposal involving Act II or any of
its Subsidiaries that is intended, or would reasonably be expected, to prevent, impede, interfere with, delay, postpone or adversely
affect in any material respect the transactions contemplated by the Purchase Agreement or any Ancillary Document or would reasonably
be expected to result in any of the conditions to Act II’s obligations under the Purchase Agreement or any Ancillary Document
not being fulfilled.

 

b.                  
From the date hereof until the earlier of the Closing and the termination of the Purchase Agreement in accordance with its
terms, the Sponsor hereby unconditionally and irrevocably agrees that it shall not, without the prior written consent of the Sellers,
(i) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase or otherwise dispose of or
agree to dispose of, directly or indirectly, or establish or increase a put equivalent position or liquidate or decrease a call
equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations
of the U.S. Securities and Exchange Commission promulgated thereunder, with respect to any equity securities of Act II or any securities
convertible into, or exercisable, or exchangeable for, equity securities of Act II owned by it, (ii) enter into any swap or other
arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any equity securities
of Act II or any securities convertible into, or exercisable, or exchangeable for, equity securities of Act II owned by it, whether
any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (iii) publicly announce any intention
to effect any transaction specified in clauses (i) or (ii).

 

c.                   Subject
to applicable Law, the Sponsor shall take all action necessary to ensure that, effective as of the Closing, two (2)
individuals (at least one of whom is not disqualified from being considered “independent” within the meaning
of the NASDAQ Stock Market Rules) selected by the Sellers shall be appointed to the Purchaser Board.

 

     

     

    

 

6.                  
Termination. This Agreement shall terminate, and have no further force and effect, if the Purchase Agreement is terminated
in accordance with its terms prior to the Closing under the Purchase Agreement. Notwithstanding the foregoing, termination of this
Agreement shall not prevent any party hereunder from seeking any remedies (at Law or in equity) against any other party hereto
for such party’s willful and material breach of any of the terms of this Agreement prior to termination.

 

7.                  
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New
York (without regard to its laws relating to choice-of-law) applicable to contracts between residents of that State and executed
in and to be performed entirely within that State.

 

8.                  
Jurisdiction and Venue. EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENTS TO SUBMIT TO THE JURISDICTION
OF THE COURTS OF THE STATE OF NEW YORK, OR IF THE COURTS OF THE STATE OF NEW YORK LACKS JURISDICTION, ANY OTHER FEDERAL COURTS
OF THE UNITED STATES OF AMERICA LOCATED IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK AND THE APPROPRIATE APPELLATE COURTS
THEREFROM (the “Chosen Courts”), for any Action arising out of, or relating to, this Agreement or the Transactions,
and each Party agrees not to commence any Action relating hereto or thereto except in such court. Each Party (i) waives any objection
to laying venue in any such Action in the Chosen Courts, (ii) waives any objection that the Chosen Courts are an inconvenient forum
or do not have jurisdiction over any Party and (iii) without limiting other means of service of process permissible under applicable
Law, agrees that service of process upon such party in any such Action will be effective if notice is given in accordance with
Section 10.

 

9.                  
Waiver of Jury Trial. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY THAT MAY ARISE UNDER THIS AGREEMENT
IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES,
TO THE EXTENT PERMITTED BY LAW AT THE TIME OF INSTITUTION OF THE APPLICABLE LITIGATION, ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL
BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS. EACH
PARTY CERTIFIES AND ACKNOWLEDGES THAT: (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (II) EACH PARTY UNDERSTANDS
AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (III) EACH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (IV) EACH PARTY HAS BEEN
INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN SECTIONS 7, 8 AND 9.

 

10.              
Notices. All notices and other communications to be given to any Party hereunder shall be sufficiently given for
all purposes hereunder if in writing (a) when delivered, if delivered by hand, courier or overnight delivery service, (b) three
(3) days after being mailed by certified or registered mail, return receipt requested, with appropriate postage prepaid, or (c)
when sent in the form of a facsimile or email, if (x) acknowledged by the recipient (excluding automated responses) or (y) promptly
sent by one of the methods specified in clause (a) or (b), and, in each case, shall be directed to the address set forth below
(or at such other address or facsimile number as such Party shall designate by like notice):

 

     

     

    

 

a.            If to Act
II or the Sponsor, to:

 

Act II Global Acquisition Corp.

745 5th Avenue

New York, NY 10151

Attention: Ira Lamel

Email: ira.lamel@act2global.com

 

with a copy (which shall not constitute notice)
to:

 

DLA Piper LLP (US)

1251 Avenue of the Americas, 27th Floor

New York, NY 10020

Attention: Christopher P. Giordano

Jon Venick

		E-mail:	christopher.giordano@dlapiper.com

                                         jon.venick@dlapiper.com

 

b.            If to the
Sellers, to:

 

c/o MacAndrews & Forbes Incorporated

35 E. 62nd Street, 3rd Floor

New York, NY 10065

Attention: Legal Department

Fax No.: (212) 399-8282

Email: legaldepartment@mafgrp.com

 

with a copy (which shall not constitute notice)
to:

 

Wachtell, Lipton, Rosen & Katz

51 West 52nd Street

New York, New York 10019

Attention: Adam O. Emmerich

David K. Lam

DongJu Song

		E-mail:	AOEmmerich@wlrk.com

                                         DKLam@wlrk.com

                                         DSong@wlrk.com

 

11.       Remedies.
The Parties hereby acknowledge and agree that irreparable injury for which monetary damages (even if available) would not be
an adequate remedy would occur if any Parties hereto does not perform any provision of this Agreement in accordance with its
specified terms or otherwise breaches such provisions. Accordingly, the Parties acknowledge and agree that, prior to a valid
termination, to prevent breaches or threatened breaches by the Parties of any of their respective covenants or obligations
set forth in this Agreement, including its failure to take all actions required under the express terms of this Agreement to
consummate the Transactions, and that prior to a valid termination of this Agreement, the Parties shall be entitled to
specific performance of such agreements and covenants in such event and other equitable relief to prevent breaches of this
Agreement, in addition to any other remedy to which they are entitled at law or in equity. Each of the Parties agrees that it
will not oppose the granting of any such injunction, specific performance and other equitable relief on the basis that any
other Party has an adequate remedy at Law or that any award of specific performance is not an appropriate remedy for any
reason at Law or in equity. Each Party hereby waives any requirement to provide any bond or other security in connection with
such order or injunction.

 

     

     

    

 

12.              
Counterparts; Electronic Signatures. This Agreement may be executed in two or more counterparts, each of which shall
be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument, and shall become effective
when one or more counterparts have been signed by each of the Parties and delivered (by telecopy, electronic delivery or otherwise)
to the other Parties. Signatures to this Agreement transmitted by facsimile transmission, by electronic mail in “portable
document format” (“.pdf”) form, or by any other electronic means intended to preserve the original graphic and
pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing the original signature.

 

13.              
Amendment. This Agreement may not be modified or amended except by an instrument or instruments in writing and mutually
signed by each of the Parties. Each Party may, only by an instrument in writing, waive compliance by any other Party with any term
or provision of this Agreement on the part of such other Party to be performed or complied with. The waiver by a Party of a breach
of any term or provision of this Agreement by another Party shall not be construed as a waiver of any subsequent breach.

 

14.              
Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors
and permitted assigns; provided, however, that no Party will assign its rights or delegate any or all of its obligations under
this Agreement without the express prior written consent of the other Party, except that the Sellers may assign their rights and
obligations under this Agreement to an Affiliate of the Sellers; provided that no such assignment shall release the Sellers
from any liability or obligation under this Agreement; provided further, that, if either Party or its successors or assigns
(a) consolidates with or merges into any other Person and is not the continuing or surviving entity of such consolidation or merger,
or (b) transfers or conveys all or substantially all of its equity, properties or assets to any Person, then, in each case, such
Party, as the case may be, shall cause proper provision to be made so that such successors, assigns or Person assume the obligations
set forth in this Agreement of such Party, as applicable. Any attempted assignment in violation of this Section 14 shall
be void.

 

15.              
Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction
or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of
this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated so long as the economic
or legal substance of the Transactions is not affected in any manner materially adverse to any Party. Upon such a determination,
the Parties 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 be consummated as originally contemplated to the fullest
extent possible.

 

16.              
Survival. The provisions of Sections 7-16 hereof shall survive the termination of this Agreement.

 

signature page follows

 

     

     

    

 

IN WITNESS WHEREOF,
each of the Parties has caused this Agreement to be duly executed on its behalf as of the day and year first above written.

 

	 	ACT II GLOBAL LLC
	 	 
	 	By: 	/s/ John Carroll
	 	 	Name: 	John Carroll
	 	 	Title:	Managing Member
	 	 
	 	ACT II GLOBAL ACQUISITION CORP.
	 	 
	 	By: 	/s/ Ira J. Lamel
	 	 	Name: 	Ira J. Lamel
	 	 	Title:	Chief Financial Officer

 

[Signature Page to Sponsor Support Agreement]

 

     

     

    

 

IN WITNESS WHEREOF,
each of the Parties has caused this Agreement to be duly executed on its behalf as of the day and year first above written.

 

	 	FLAVORS HOLDINGS INC.
	 	 
	 	By:	 /s/ Edward Mammone
	 	 	Name:	Edward Mammone
	 	 	Title:	Senior Vice President, Controller
	 	 
	 	MW HOLDINGS I LLC
	 	 
	 	By:	Flavors Holdings, Inc., its sole member
	 	 
	 	By: 	/s/ Edward Mammone
	 	 	Name: 	Edward Mammone
	 	 	Title:	Senior Vice President, Controller
	 	 
	 	MW HOLDINGS III LLC
	 	 
	 	By:	Flavors Holdings, Inc., its sole member
	 	 
	 	By: 	/s/ Edward Mammone
	 	 	Name: 	Edward Mammone
	 	 	Title:	Senior Vice President, Controller
	 	 
	 	MAFCO FOREIGN HOLDINGS, INC.
	 	 
	 	By:	/s/ Marji Gordon-Brown
	 	 	Name: 	Marji Gordon-Brown
	 	 	Title:	Associate Tax Counsel

 

[Signature Page to Sponsor
Support Agreement]Exhibit 10.1

AMENDED AND RESTATED PROMISSORY
NOTE

FOR VALUE RECEIVED, and subject to
the terms and conditions set forth herein, Legacy Acquisition Corp., a Delaware corporation (the "Maker"), hereby
unconditionally promises to pay to the order of Blue Valor Limited, a company incorporated in Hong Kong or its assigns (the "Noteholder,"
and together with the Maker, the "Parties"), the principal amounts set forth on Exhibit A attached hereto
as it may be amended from time to time in accordance with the terms and conditions set forth herein (each such principal amount
set forth on Exhibit A, a “Loan” and the sum of all such principal amounts set forth on Exhibit A, the "Total
Loan Amount"), together with the Total Interest Amount (as defined below), as provided in this Amended and Restated Promissory
Note (the "Note," as the same may be amended, restated, supplemented, or otherwise modified from time to time
in accordance with its terms).

The Total Loan Amount is made by the
Noteholder to the Maker pursuant to that Amended and Restated Share Exchange Agreement between the Parties dated as of December
2, 2019 (the “Amended and Restated Share Exchange Agreement” as the same may be amended, restated, supplemented,
or otherwise modified from time to time in accordance with its terms). Capitalized terms used but not otherwise defined herein
shall have the respective meanings ascribed to them in the Amended and Restated Share Exchange Agreement.

Maker and Noteholder are parties to
that certain Promissory Note dated as of October 23, 2019 (the "Original Note Date") (the "Original Note").
At all times from the Original Note Date until the date hereof, the Original Note was in full force and effect, and the Parties
desire to confirm that, except to the extent modified in this Note, all rights and obligations of the Parties in the Original Note
remain in full force and effect as continuing obligations from and after the Original Note Date. The parties desire to amend and
restate the Original Note in its entirety as set forth in this Note.

1.            
Definitions. The following capitalized terms shall have the meanings set forth in this Section 1.

“1
Month USD LIBOR Interest Rate” means the first LIBOR interest rate published each month from the date hereof until the
Maturity Date.

"Applicable
Rate" means the 1 Month USD LIBOR Interest Rate plus 1.5%.

"Default"
means any of the events specified in Section 6 which constitute an Event of Default or which, upon the giving of notice,
the lapse of time, or both, pursuant to Section 6 would, unless cured or waived, become an Event of Default.

"Event
of Default" has the meaning set forth in Section 6.

"Loan"
has the meaning set forth in the introductory paragraph.

"Loan
Request" has the meaning set forth in Section 2.1.

    1 

     

    

 

"Maker" has
the meaning set forth in the introductory paragraph.

"Maturity
Date" means the date of the consummation of any initial business combination of Maker.

"Note"
has the meaning set forth in the introductory paragraph.

"Noteholder"
has the meaning set forth in the introductory paragraph.

"Original
Note" has the meaning set forth in the second introductory paragraph.

"Original
Note Date" has the meaning set forth in the second introductory paragraph.

"Parties"
has the meaning set forth in the introductory paragraph.

"Total
Interest Amount" has the meaning set forth in Section 3.1.

"Total
Loan Amount" has the meaning set forth in the introductory paragraph.

2.            
Loan Requests; Final Payment Date; Optional Prepayments; Forgiveness.

    2.1       Procedure for Loan Requests. On or before the 12th
day of each month during the period commencing on the date hereof and continuing
until the earlier of (i) April 12, 2020, (ii) the Maturity Date, or (iii) the date of forgiveness of the Total Loan
Amount pursuant to Section 2.4 hereof,
the Maker may submit a written notice to the Noteholder setting forth the requested loan amount in accordance with the terms and
conditions of the Amended and Restated Share Exchange Agreement (the "Loan
Request").
The Noteholder shall pay to the Maker the amount set forth in the Loan Request provided that the Loan Request complies with the
requirements set forth in the Amended and Restated Share Exchange Agreement. The date of payment and the amount of each Loan paid
by the Noteholder shall be inscribed by the Maker on Exhibit A attached to this Note and shall be delivered to the Noteholder
on or about the time of the Noteholder’s payment of such Loan. Notwithstanding anything herein to the contrary, the Total
Loan Amount at any given time shall equal the sum of all principal Loan amounts made by Noteholder to the Maker as of such time.

   2.2        Final Payment
Date. The aggregate unpaid principal amount of the Total Loan Amount, the Total Interest Amount, and all other amounts
payable under this Note shall be due and payable on the Maturity Date, unless otherwise provided in Section 2.4 or Section
7.

   2.3         Optional Prepayment.
The Maker may prepay any Loan in whole or in part at any time or from time to time without penalty or premium by paying the principal
amount of such Loan to be prepaid together with accrued interest thereon to the date of prepayment. No prepaid amount may be reborrowed.

    2 

     

    

2.4            Forgiveness. In the event that the Closing does not occur and the Trust Account liquidates, the principal amount
of the Total Loan Amount under this Note shall be forgiven by the Noteholder, except to the extent of any funds that are available
to Maker (i) after such liquidation in accordance with the Trust Agreement, or (ii) from any other source. For the avoidance of
doubt, in such event, except as otherwise set forth in the foregoing sentence, the Noteholder, by acceptance of this Note, hereby
irrevocably waives any claims it may have against the Trust Fund (including any distributions therefrom) now or in the future
as a result of, or arising out of, any negotiations, contracts or agreements with the Purchaser and will not seek recourse against
the Trust Fund (including any distributions therefrom) for any reason whatsoever.

3.         Interest.

3.1          
Interest Rate. Except as otherwise provided herein, the outstanding principal amount of each Loan made hereunder
shall bear interest at the Applicable Rate from the date such Loan was made (as set forth on Exhibit A attached hereto) until such
Loan is (i) paid in full, whether at maturity, upon acceleration, by prepayment, or otherwise or (ii) forgiven as provided herein.
Accordingly, accrued interest on each Loan shall be calculated separately as provided herein, and the sum of all accrued interest
due on each Loan shall equal the total accrued interest for the Total Loan Amount (the "Total Interest Amount").

3.2          
Interest Payment Dates. The Total Interest Amount shall be payable on the earlier to occur of (i) the Maturity
Date, or (ii) the date that the principal amount of the Total Loan Amount under this Note is forgiven pursuant to Section 2.4
hereof.

3.3           
Intentionally omitted.

3.4           Computation of Interest. All computations of interest shall be made on the basis of 365 or 366 days, as the
case may be and the actual number of days elapsed. Interest shall accrue on each Loan on the day on which such Loan is made (as
set forth on Exhibit A attached hereto), and shall not accrue on the Loan on the day on which it is paid.

3.5           Interest Rate Limitation. If at any time and for any reason whatsoever, the interest rate payable on any Loan
shall exceed the maximum rate of interest permitted to be charged by the Noteholder to the Maker under applicable Law, such interest
rate shall be reduced automatically to the maximum rate of interest permitted to be charged under applicable Law.

4.        
Payment Mechanics.

4.1          
Manner of Payment. All payments of interest and principal shall be made in lawful money of the United States
of America no later than 5:00 PM Eastern Standard Time on the date on which such payment is due by wire transfer of immediately
available funds to the Noteholder's account at a bank specified by the Noteholder in writing to the Maker from time to time.

    3 

     

    

4.2             
Business Day Convention. Whenever any payment to be made hereunder shall be due on a day that is not a Business
Day, such payment shall be made on the next succeeding Business Day and such extension will be taken into account in calculating
the amount of interest payable under this Note.

5.        
Representations and Warranties. The Maker hereby represents and warrants to the Noteholder on the date hereof
as follows:

5.1             
Existence. The Maker is a corporation, validly existing and in good standing under the laws of the state of
its jurisdiction of organization.

5.2             
Power and Authority. The Maker has the power and authority, and the legal right, to execute and deliver this
Note and to perform its obligations hereunder.

5.3             
Authorization; Execution and Delivery. The execution and delivery of this Note by the Maker and the performance
of its obligations hereunder have been duly authorized by all necessary corporate action in accordance with all applicable Laws.
The Maker has duly executed and delivered this Note.

5.4             
No Approvals. No consent or authorization of, filing with, notice to, or other act by, or in respect of, any
Authority or any other Person is required in order for the Maker to execute, deliver, or perform any of its obligations under this
Note.

5.5             
No Violations. The execution and delivery of this Note and the consummation by the Maker of the transactions
contemplated hereby do not and will not (a) violate any provision of the Maker's organizational documents; (b) violate any Law
or Order applicable to the Maker or by which any of its properties or assets may be bound; or (c) constitute a default under any
material agreement or contract by which the Maker may be bound.

5.6             
Enforceability. The Note is a valid, legal, and binding obligation of the Maker, enforceable against the Maker
in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium,
or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement
is sought by proceedings in equity or at law.

6.         
Events of Default. The occurrence of any of the following shall constitute an Event of Default hereunder:

    4 

     

    

6.1             
Failure to Pay. The Maker fails to pay (a) any principal amount of any Loan when due; or (b) interest or any
other amount when due and, in each case (with respect to (clause (a) and (b)), such failure continues for 5 days after written
notice to the Maker.

6.2             
Breach of Representations and Warranties. Any representation or warranty made or deemed made by the Maker
to the Noteholder herein is incorrect in any material respect on the date as of which such representation or warranty was made
or deemed made.

6.3             
Breach of Covenants. The Maker fails to observe or perform any covenant, obligation, condition, or agreement
contained in this Note, other than that specified in Section 6.1 and such failure continues for 30 days.

6.4             
Bankruptcy.

    (a)              
the Maker commences any case, proceeding, or other action (i) under any existing or future law relating to bankruptcy, insolvency,
reorganization, or other relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate
it as bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition,
or other relief with respect to it or its debts, or (ii) seeking appointment of a receiver, trustee, custodian, conservator, or
other similar official for it or for all or any substantial part of its assets, or the Maker makes a general assignment for the
benefit of its creditors;

    (b)              
there is commenced against the Maker any case, proceeding, or other action of a nature referred to in Section 6.4(a)
above which (i) results in the entry of an order for relief or any such adjudication or appointment or (ii) remains undismissed,
undischarged, or unbonded for a period of 10 days;

    (c)              
there is commenced against the Maker any case, proceeding, or other action seeking issuance of a warrant of attachment,
execution, or similar process against all or any substantial part of its assets which results in the entry of an order for any
such relief which has not been vacated, discharged, or stayed or bonded pending appeal within 10 days from the entry thereof;

    (d)              
the Maker takes any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the
acts set forth in Section 6.4(a), Section 6.4(b), or Section 6.4(c) above; or

    (e)              
the Maker is generally not, or is unable to, or admits in writing its inability to, pay its debts as they become due.

6.5             
Judgments. A judgment or decree is entered against the Maker and such judgment or decree has not been vacated,
discharged, or stayed or bonded pending appeal within 10 days from the entry thereof.

    5 

     

    

7.            
Remedies. Upon the occurrence of an Event of Default and at any time thereafter during the continuance of
such Event of Default, the Noteholder may at its option, by written notice to the Maker (a) declare the entire principal amount
of the Total Loan Amount under this Note, together with the Total Interest Amount and all other amounts payable hereunder, immediately
due and payable and/or (b) exercise any or all of its rights, powers, or remedies under applicable law; provided, however
that, if an Event of Default described in Section 6.4 shall occur, the principal of the Total Loan Amount and the Total
Interest Amount shall become immediately due and payable without any notice, declaration, or other act on the part of the Noteholder.

8.            
Miscellaneous.

   8.1          
Notices.

     (a)       All
notices, requests, or other communications required or permitted to be delivered hereunder shall be delivered in writing, in each
case to the address specified below or to such other address as such Party may from time to time specify in writing in compliance
with this provision:

(i)           
If to the Maker:

Address: 1308 Race Street Suite 200
Cincinnati, Ohio 45202

Attn: Darryl McCall

Telephone: +1 (505) 820-0412, Facsimile:
[NUMBER]

Email: darrylmccall@legacyacquisition.com

 

With a copy to:

DLA Piper

Address: 1201 West Peachtree Street,
Suite 2800, Atlanta,

Georgia 30309-3450

Attention: Gerry Williams

Telephone: +1 (404) 736-7891

Email: Gerry.Williams@us.dlapiper.com

(ii)           If to the Noteholder:

Bldg. C9-C, Universal Creative Park,
9, Jiuxianqiao North Rd.,

Chaoyang District, Beijing 100015, China

Attn: Xin Wang, Finance Department

Telephone: +86(10) 5647 8811

Email: wangxina@bluefocus.com

 

With a copy to:

Greenberg Traurig LLP

Address: 200 Park Avenue, New York, New York 10166

Attention: Doron Lipshitz

Telephone: +1 (212) 801-3100

Email: lipshitzd@gtlaw.com

    6 

     

    

 

 (b)              
Notices if (i) mailed by certified or registered mail or sent by hand or overnight courier service shall be deemed to have
been given when received; (ii) sent by facsimile during the recipient's normal business hours shall be deemed to have been given
when sent (and if sent after normal business hours shall be deemed to have been given at the opening of the recipient's business
on the next business day); and (iii) sent by email shall be deemed received upon the sender's receipt of an acknowledgment from
the intended recipient (such as by the "return receipt requested" function, as available, return email, or other written
acknowledgment).

8.2          
Expenses. In the event of a breach or default by Maker under this Note, the Maker shall reimburse the Noteholder
on demand for all reasonable and documented out-of-pocket costs, expenses, and fees (including reasonable expenses and fees of
its counsel) incurred by the Noteholder in connection with the enforcement of the Noteholder's rights hereunder.

8.3          
Governing Law. This Note and any claim, controversy, dispute, or cause of action (whether in contract or tort
or otherwise) based upon, arising out of, or relating to this Note, and the transactions contemplated hereby, shall be governed
by the laws of the State of New York.

8.4          
Submission to Jurisdiction.

 (a)              
The Maker hereby irrevocably and unconditionally (i) agrees that any legal action, suit, or proceeding arising out of or
relating to this Note may be brought in the courts of the State of New York or of the United States of America for the Southern
District of New York and (ii) submits to the exclusive jurisdiction of any such court in any such action, suit, or proceeding.
Final judgment against the Maker in any action, suit, or proceeding shall be conclusive and may be enforced in any other jurisdiction
by suit on the judgment.

 (b)              
Nothing in this Section 8.4 shall affect the right of the Noteholder to (i) commence legal proceedings or otherwise
sue the Maker in any other court having jurisdiction over the Maker or (ii) serve process upon the Maker in any manner authorized
by the laws of any such jurisdiction.

8.5           Venue. The Maker irrevocably and unconditionally waives, to the fullest extent permitted by applicable law,
any objection that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to
this Note in any court referred to in Section 8.4(b) and the defense of an inconvenient forum to the maintenance of such
action or proceeding in any such court.

8.6           Waiver
of Jury Trial. THE MAKER HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT
MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY RELATING TO THIS NOTE OR THE TRANSACTIONS CONTEMPLATED
HEREBY WHETHER BASED ON CONTRACT, TORT, OR ANY OTHER THEORY.

    7 

     

    

8.7           Counterparts; Integration; Effectiveness. This Note and any amendments, waivers, consents, or supplements
hereto may be executed in counterparts, each of which shall constitute an original, but all taken together shall constitute a single
contract. This Note constitutes the entire contract between the Parties with respect to the subject matter hereof and supersede
all previous agreements and understandings, oral or written, with respect thereto. Delivery of an executed counterpart of a signature
page to this Note by facsimile or in electronic (i.e., "pdf" or "tif") format shall be effective as delivery
of a manually executed counterpart of this Note.

8.8           Successors
and Assigns. This Note may be assigned, transferred, or negotiated by the Noteholder to any Person, at any time, without
notice to or the consent of the Maker. The Maker may not assign or transfer this Note or any of its rights hereunder without the
prior written consent of the Noteholder, any such assignment without the Noteholder’s prior written consent shall be null
and void. This Note shall inure to the benefit of and be binding upon the parties hereto and their permitted assigns.

8.9           Waiver
of Notice. The Maker hereby waives presentment, demand for payment, protest, notice of dishonor, notice of protest
or nonpayment, notice of acceleration of maturity, and diligence in connection with the enforcement of this Note or the taking
of any action to collect sums owing hereunder.

8.10         Amendments
and Waivers. No term of this Note may be waived, modified, or amended except by an instrument in writing signed by
both of the parties hereto. Any waiver of the terms hereof shall be effective only in the specific instance and for the specific
purpose given.

8.11         Headings. The headings of the various Sections and subsections herein are for reference only and shall not
define, modify, expand, or limit any of the terms or provisions hereof.

8.12         No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Noteholder,
of any right, remedy, power, or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise
of any right, remedy, power, or privilege hereunder preclude any other or further exercise thereof or the exercise of any other
right, remedy, power, or privilege. The rights, remedies, powers, and privileges herein provided are cumulative and not exclusive
of any rights, remedies, powers, and privileges provided by law.

8.13         Severability.
If any term or provision of this Note is invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality,
or unenforceability shall not affect any other term or provision of this Note or invalidate or render unenforceable such term
or provision in any other jurisdiction. 

[signature
page follows]

 

    8 

     

    

 

IN WITNESS WHEREOF, the Maker has executed this Note as of
December 17, 2019.

 

	 	

LEGACY ACQUISITION CORP.

	 	 
	 	By: 	/s/ Edwin J. Rigaud
	 	Name: Edwin J. Rigaud
	 	Title: Chairman & CEO

 

 

(Signature Page to Amended and Restated
Promissory Note)

    9 

     

    

Exhibit A

Loan Amounts 

 

	Loan Number	Loan Date	Pricipal Amount of Loan 
	1	October 24, 2019	$979,155.40
	2	December 18, 2019	$979,155.40
	 	 	 
	 	 	 
	 	 	 

 

(Exhibit A to Amended and Restated
Promissory Note)

    10

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