Document:

Exhibit 10.2

 

SPONSOR SUPPORT AGREEMENT

 

This SPONSOR SUPPORT AGREEMENT
(this “Agreement”) is made and entered into as of October 9, 2022, by and among CFAC Holdings VIII, LLC, a Delaware
limited liability company (“Sponsor”), CF Acquisition Corp. VIII,
a Delaware corporation (“Acquiror”), BTC International Holdings, Inc., a Delaware corporation (“Parent”)
and XBP Europe, Inc., a Delaware corporation (the “Company”). Capitalized terms used but not defined herein
have the meanings assigned to them in the Agreement and Plan of Merger among Acquiror, Sierra Merger Sub, Inc., a Delaware corporation,
Parent and the Company, dated as of October 9, 2022 (as amended from time to time, the “Merger Agreement”).

 

WHEREAS, Sponsor owns 6,228,000
shares of Class B common stock, par value $0.0001 per share, of Acquiror (the “Class B Common Stock”, and the 6,228,000
shares of Class B Common Stock owned by Sponsor, including any shares of Class A Common Stock (as defined below) issued upon conversion
of such shares, subject to Section 4, the “Founder Shares”);

 

WHEREAS, in a private placement
(the “Private Placement”) that closed concurrently with Acquiror’s initial public offering (the “IPO”),
Sponsor purchased 540,000 units of Acquiror (“Units”), each Unit consisting of one share of Class A common stock, par
value $0.0001 per share, of Acquiror (“Class A Common Stock”) and one-fourth of one warrant, each whole warrant (the
“Warrants”) entitling Sponsor to purchase one share of Class A Common Stock for $11.50 per share (the 540,000 shares
of Class A Common Stock and 135,000 Warrants included the Units purchased in such private placement, the “Private Placement Securities”);

 

WHEREAS, in connection with
the IPO, Acquiror, Sponsor and certain officers and directors of Acquiror (collectively, the “Insiders”) entered into
a letter agreement, dated as of March 11, 2021 (the “Insider Letter”), pursuant to which Sponsor and the Insiders agreed
to certain voting requirements, transfer restrictions and waiver of redemption rights with respect to Acquiror securities owned by them;

 

WHEREAS, in connection with
the IPO, Acquiror and Sponsor entered into a forward purchase contract, dated as of March 11, 2021 (the “Forward Purchase Contract”),
pursuant to which, at the closing of Acquiror’s initial business combination, Sponsor has agreed to purchase, for $10,000,000, 1,000,000
Units, each Unit consisting of one share of Class A Common Stock (the 1,000,000 shares of Class A Common Stock included in such Units,
the “Forward Purchase Shares”) and one-fourth of one Warrant (the 250,000 Warrants included in such Units, the “Forward
Purchase Warrants”), and 250,000 shares of Class A Common Stock (the “Forward Purchase Promote Shares”);

 

WHEREAS, Article IV, Section
4.3(b)(ii) of Acquiror’s Amended and Restated Certificate of Incorporation (the “Acquiror Charter”) provides,
among other matters, that the shares of Class B Common Stock will automatically convert into shares of Class A Common Stock upon the consummation
of an initial business combination, subject to adjustment if additional shares of Class A Common Stock or Equity-linked Securities (as
defined in Acquiror Charter), are issued or deemed issued in excess of the amounts sold in the IPO (the “Anti-Dilution Right”),
excluding certain exempted issuances; and

 

WHEREAS, as a condition and
inducement to Parent and the Company’s willingness to enter into the Merger Agreement, Parent and the Company have required that
Sponsor enter into this Agreement.

 

     

     

    

 

NOW, THEREFORE, in consideration
of the representations, warranties, covenants and agreements contained herein and for other good and valuable consideration, the receipt
and adequacy of which are hereby acknowledged, and subject to the conditions set forth herein, the parties hereto agree as follows:

 

Section 1 Enforcement
of Sponsor Voting Requirements, Transfer Restrictions and Redemption Waiver. During the period beginning on the date of this Agreement
and ending on (x) subject to and conditioned upon the Closing, and solely with respect to the transfer restrictions on the Restricted
Shares set forth below, the expiration of the Founder Shares Lock-Up Period (as defined below), and (y) with respect to the other obligations
set forth in this Section 1, the earlier of (1) the Closing, and (2) the date on which the Merger Agreement is validly terminated
in accordance with its terms prior to the Closing, for the benefit of Parent and the Company, (a) Sponsor agrees, on behalf of itself
and its Affiliates, that it and its Affiliates will fully comply with, and perform all of their obligations, covenants and agreements
set forth in, the Insider Letter in all material respects, and shall vote all of the shares of Acquiror Common Stock (including the shares
of Acquiror Common Stock underlying the Units purchased in the Private Placement) owned by them in favor of the Transactions, not redeem
Sponsor’s or its Affiliates’ shares of Acquiror Common Stock in connection with the Transactions, and fully comply with the
transfer restrictions (as adjusted solely for the benefit of Parent and the Company solely with respect to the Founder Shares and the
Forward Purchase Promote Shares as provided in the proviso below) with respect to the Founder Shares, the Private Placement Securities,
the Forward Purchase Shares, the Forward Purchase Promote Shares, and the Forward Purchase Warrants, mutatis mutandis, in each
case in accordance with the terms and subject to the exceptions set forth in the Insider Letter; provided, however, that
solely for purposes of the foregoing restriction on transfer of the Founder Shares and the Forward Purchase Promote Shares (the “Restricted
Shares”), Sponsor hereby agrees that, subject to and conditioned upon the Closing, the “Founder Shares Lock-Up Period”
applicable to the Restricted Shares hereunder shall be deemed to end on the earlier of (A) the one (1) year anniversary of the date of
the Closing, and (B) subsequent to the Closing, the date on which Acquiror consummates a liquidation, merger, capital stock exchange,
reorganization, or other similar transaction that results in all of Acquiror’s stockholders having the right to exchange their Acquiror
Common Stock for cash, securities or other property, (b) Acquiror agrees to enforce the Insider Letter in accordance with its terms; and
(c) each of Sponsor and Acquiror agree (i) that the prior written consent of Parent will be required in addition to the prior written
consent of the Representative (as defined in the Insider Letter) for any of the matters described in clauses (i) through (iii) under Section
3(a) of the Insider Letter, and (ii) not to amend, modify or waive any provision of the Insider Letter without the prior written consent
of Parent and the Company.

 

Section 2 Waiver of
Anti-Dilution Protection. Sponsor, as the holder of a majority of the issued and outstanding shares of Class B Common Stock, solely
in connection with and only for the purpose of the proposed Transactions, and subject to and conditioned upon the Closing, hereby waives,
to the fullest extent permitted by law, the Anti-Dilution Right, and agrees that the Class B Common Stock will convert only upon the Initial
Conversion Ratio (as defined in the Acquiror Charter to be 1:1) in connection with the Transactions. This waiver shall be void and of
no force and effect following the date on which the Merger Agreement is validly terminated in accordance with its terms. All other terms
related to the Class B Common Stock shall remain in full force and effect, except as modified as set forth directly above or as contemplated
by the Merger Agreement or the Ancillary Agreements in connection with the consummation of the Transactions, which modifications shall
be effective only upon the consummation of the Transactions.

 

    2

     

    

 

Section 3 Waiver and
Release of Claims.

 

(a) Subject
to and conditioned upon the Closing, effective as of the Closing (and subject to the limitations set forth in paragraph (d) below), Sponsor,
on behalf of itself and its Affiliates (other than Acquiror and its subsidiaries) and its and their respective successors, assigns, representatives,
administrators, executors and agents, and any other person or entity claiming by, through, or under any of the foregoing (each a “Sponsor
Releasing Party” and, collectively, the “Sponsor Releasing Parties,” provided, for the avoidance of doubt, that Acquiror
shall not be deemed a Sponsor Releasing Party hereunder), does hereby unconditionally and irrevocably release, waive and forever discharge
Acquiror and each of its past and present directors, officers, employees, agents, predecessors, successors, assigns, and Subsidiaries,
from any and all past or present claims, demands, damages, judgments, causes of action and liabilities of any nature whatsoever, whether
or not known, suspected or claimed, arising directly or indirectly from any act, omission, event or transaction occurring (or any circumstances
existing) at or prior to the Closing (each a “Claim” and, collectively, the “Claims”).

 

(b) Subject
to and conditioned upon the Closing, effective as of the Closing (and subject to the limitations set forth in paragraph (d) below), Acquiror
on behalf of itself, the EMEA Companies and its other Affiliates and its and their respective successors, assigns, representatives, administrators,
executors and agents, and any other person or entity claiming by, through, or under any of the foregoing (each a “Acquiror Releasing
Party” and, collectively, the “Acquiror Releasing Parties,” and together with the Sponsor Releasing Parties, the “Releasing
Parties”) does hereby unconditionally and irrevocably release, waive and forever discharge each of Sponsor and each of its past
and present directors, officers, employees and agents, predecessors, successors, assigns and Subsidiaries from any and all past or present
Claims.

 

(c) Each
Releasing Party acknowledges that it may hereafter discover facts in addition to or different from those which it now knows or believes
to be true with respect to the subject matter of this Agreement, and that it may hereafter come to have a different understanding of the
law that may apply to potential claims which it is releasing hereunder, but it affirms that, except as is otherwise specifically provided
herein, it is its intention to fully, finally and forever settle and release any and all Claims. In furtherance of this intention, each
Releasing Party acknowledges that the releases contained herein shall be and remain in effect as full and complete general releases notwithstanding
the discovery or existence of any such additional facts or different understandings of law.

 

(d) Notwithstanding
the foregoing provisions of this Section 3 or anything to the contrary set forth herein, the Releasing Parties do not release or discharge,
and each Releasing Party expressly does not release or discharge: (i) any Claims that arise under or are based upon the terms of (A) this
Agreement, the Merger Agreement, any of the Ancillary Agreements, any Letter of Transmittal or any other document, certificate or Contract
executed or delivered in connection with the Merger Agreement; (B) the Insider Letter, (C) the Forward Purchase Contract, (D) the expense
advancement agreement, dated as of March 11, 2021, by and between Acquiror and Sponsor, (E) the promissory note, dated as of March 11,
2021, the promissory note, dated as of March 9, 2022 and the promissory note, dated as of June 30, 2022, in each case by Acquiror in favor
of Sponsor, and any other promissory notes and/or expense advance agreements entered into by and between Acquiror and Sponsor prior to
the Closing without violation of the terms of the Merger Agreement; (F) the Engagement Letter between Cantor Fitzgerald & Co. and
Acquiror, dated October 7, 2022; or (G) any underwriting agreement, business combination marketing agreement, financial advisory agreement,
engagement letter or any similar agreement in respect of the Transactions to which a Releasing Party may be a party and that (in each
case) is disclosed in the Acquiror Disclosure Letter, as each such agreement or instrument described in this clause (i) may be amended
prior to the date hereof in accordance with its terms and the terms set forth in (x) the Merger Agreement or (y) this Agreement or the
other Ancillary Agreements (if and to the extent applicable), (ii) any rights with respect to the capital stock or warrants of Acquiror
owned by such Releasing Party, (iii) any Claims for indemnification, contribution, set-off, reimbursement or similar rights pursuant to
any certificate of incorporation or bylaws of Acquiror or any of its Subsidiaries or any indemnity or similar agreements by Acquiror or
any of its Subsidiaries with or for the benefit of a Releasing Party solely to the extent (in each case) set forth in the Acquiror Disclosure
Letter or as contemplated by Section 5.2 of the Merger Agreement; or (iv) the performance of all or any portion of any transaction (excluding
the payment of amounts due other than under Sponsor loans as provided in Section 2.6(c)(ii) of the Merger Agreement) arising in the Ordinary
Course outstanding as of the Closing.

 

    3

     

    

 

(e) Notwithstanding
the foregoing provisions of this Section 3, nothing contained in this Agreement shall be construed as an admission by any party
hereto of any liability of any kind to any other party hereto.

 

Section 4 Share Cancellation.
Sponsor hereby agrees that, subject to and conditioned upon the Closing, 733,400 Founder Shares (the “Cancelled Shares”)
shall be forfeited and cancelled automatically for no consideration immediately prior to the consummation of the Closing. Prior to the
Closing, Sponsor will have full ownership rights to the Cancelled Shares, including the right to vote such shares and to receive dividends
and distributions paid in cash thereon.

 

Section 5 Sponsor Loan
Conversion. Sponsor and Acquiror hereby agree that, subject to and conditioned upon the Closing, all amounts outstanding as of
the Closing pursuant to any and all loans from Sponsor to Acquiror (“Outstanding Loans”), shall be automatically converted
at Closing into shares of Class A Common Stock as provided in Section 2.6(d) of the Merger Agreement, and that upon Sponsor receiving
such number of shares, the Outstanding Loans shall be deemed satisfied in full.

 

Section 6 Representations
and Warranties of Sponsor. Sponsor represents and warrants to Parent and the Company, as follows:

 

(a)
Authorization. Sponsor is a limited liability company duly organized, validly existing and in good standing under the laws of the
State of Delaware, has all requisite power and authority to execute and deliver this Agreement, to perform its obligations hereunder and
to consummate the transactions contemplated hereby, and the execution, delivery and performance of this Agreement by Sponsor and the consummation
by Sponsor of the transactions contemplated hereby have been duly and validly authorized by all necessary action on the part of Sponsor
and no other proceedings on the part of Sponsor or Sponsor’s equityholders are necessary to authorize the execution and delivery
of this Agreement or the consummation of the transactions contemplated hereby except as have been obtained prior to the date of this Agreement.
This Agreement has been duly and validly executed and delivered by Sponsor, and assuming the due execution and delivery by Parent and
the Company and Acquiror, constitutes the legal, valid and binding obligation of Sponsor, enforceable against Sponsor in accordance with
its terms, except as limited by Laws affecting the enforcement of creditors’ rights generally, by general equitable principles or
by the discretion of any Governmental Authority before which any Action seeking enforcement may be brought.

 

(b)
Consents and Approvals; No Violations.

 

(i) The
execution, delivery and performance of this Agreement by Sponsor and the consummation by Sponsor of the transactions contemplated hereby
do not and will not require any filing or registration with, notification to, or authorization, permit, license, declaration, Governmental
Order, consent or approval of, or other action by or in respect of, any Governmental Authority, Nasdaq or the NYSE on the part of Sponsor.

 

    4

     

    

 

(ii) The
execution, delivery and performance by Sponsor of this Agreement and the consummation by Sponsor of the transactions contemplated by this
Agreement do not and will not (A) conflict with or violate any provision of the organizational documents of Sponsor, (B) conflict with
or violate, in any respect, any Law applicable to Sponsor or by which any property or asset of Sponsor is bound, (C) require any consent
or notice, or result in any violation or breach of, or conflict with, or constitute (with or without notice or lapse of time or both)
a default (or give rise to any right of purchase, termination, amendment, acceleration or cancellation) under, result in the loss of any
benefit under, or result in the triggering of any payments (including any right of acceleration of any royalties, fees, profit participations
or other payments to any Person) pursuant to, any of the terms, conditions or provisions of any Contract to which Sponsor is a party or
by which any of Sponsor’s properties or assets are bound or any Governmental Order or Law applicable to Sponsor or Sponsor’s
properties or assets, or (D) result in the creation of a Lien on any property or asset of Sponsor, except in the case of clauses (B) and
(D) above as would not reasonably be expected, either individually or in the aggregate, to impair in any material respect the ability
of Sponsor to timely perform its obligations hereunder or consummate the transactions contemplated hereby.

 

(c)
Ownership of Class B Common Stock. (i) As of the date hereof, Sponsor is the sole record and beneficial owner of all of the Class
B Common Stock listed next to Sponsor’s name on Schedule I, free and clear of all Liens (other than Liens arising under applicable
securities Laws and the Insider Letter), (ii) as of the date hereof, Sponsor has the sole voting power with respect to such Class B Common
Stock and (iii) Sponsor has not entered into any voting agreement (other than this Agreement and the Insider Letter) with or granted any
Person any proxy (revocable or irrevocable) with respect to such Class B Common Stock. 

 

(d)
Ownership of Private Placement Securities. (i) As of the date hereof, Sponsor is the sole record and beneficial owner of all of
the Private Placement Securities listed next to Sponsor’s name on Schedule I, free and clear of all Liens (other than Liens
arising under applicable securities Laws and the Insider Letter), (ii) as of the date hereof, Sponsor has the sole voting power with respect
to the shares of Class A Common Stock underlying the Units purchased in the Private Placement and (iii) Sponsor has not entered into any
voting agreement (other than this Agreement and the Insider Letter) with or granted any Person any proxy (revocable or irrevocable) with
respect to such shares of Class A Common Stock underlying the Units purchased in the Private Placement.

 

(e)
Contracts with Acquiror. Except for (i) the Contracts described in Section 3(c) or otherwise disclosed in the Acquiror Disclosure
Letter and (ii) any Contract filed as an exhibit to a form, report, schedule, statement or other document that is publicly filed with
the SEC, none of Sponsor nor any of the Affiliates of Sponsor is a party to any Contract with Acquiror. 

 

Section 7 Exclusivity.
During the period beginning on the date of this Agreement and ending on the earlier of (a) the Closing and (b) the date on which the Merger
Agreement is validly terminated in accordance with its terms, for the benefit of Parent and the Company, Sponsor shall not, and shall
cause its Affiliates not to, directly or indirectly (i) initiate any negotiations with any Person solely with respect to Acquiror, or
provide any non-public information or data concerning Acquiror to any Person relating to, a Business Combination Proposal, an Acquisition
Proposal or Alternative Transaction (in each case, solely with respect to Acquiror) or afford to any Person access to the business, properties,
assets or personnel of Acquiror (in each case, solely in their respective capacities as businesses, properties, assets or personnel of
Acquiror disregarding whether they are shared by other special purpose acquisition companies or their representatives) in connection with
a Business Combination Proposal, an Acquisition Proposal or Alternative Transaction (in each case, solely with respect to Acquiror), (ii)
enter into, or encourage Acquiror to enter into, any acquisition agreement, merger agreement or similar definitive agreement, or any letter
of intent, memorandum of understanding or agreement in principle, or any other agreement relating to a Business Combination Proposal,
an Acquisition Proposal or Alternative Transaction (in each case, solely with respect to Acquiror), (iii) grant any waiver, amendment
or release under any confidentiality agreement or the anti-takeover Laws of any state in connection with a Business Combination Proposal,
an Acquisition Proposal or Alternative Transaction (in each case, solely with respect to Acquiror), or (iv) otherwise knowingly facilitate
any such inquiries, proposals, discussions, or negotiations or any effort or attempt by any Person to make a Business Combination Proposal,
an Acquisition Proposal or Alternative Transaction (in each case, solely with respect to Acquiror). Without limiting the foregoing, it
is agreed that any violation of the restrictions set forth in this Section 6 by Affiliates of Sponsor shall be deemed to be a breach
of this Section 6 by Sponsor. For avoidance of doubt, this Section 6 shall in no way restrict any officer or director of
Sponsor or its Affiliates from duly exercising his or her authority, or otherwise acting in his or her capacity, as officer or director
of any entity (including with respect to any other special purpose acquisition companies and/or their sponsors) other than Sponsor or
Acquiror. 

 

    5

     

    

 

Section 8 Funding;
Further Assurances. 

 

(a) Until
the earlier of (i) the Closing and (ii) the date on which the Merger Agreement is validly terminated in accordance with its terms, Sponsor
shall fund the expenses of Acquiror in complying with applicable Law and performing its obligations under the Merger Agreement, and activities
related to its ongoing filings and other Ordinary Course actions in connection with maintaining its organization and existence as a blank
check public company, activities directed toward the Transactions, and seeking extension(s) of the Expiration Date in order to consummate
a Business Combination under its Governing Documents, subject in each case to Acquiror’s obligations with respect to such extension(s)
under the terms of the Merger Agreement; provided, however, that Sponsor shall not be obligated to fund more than the amount
set forth on Schedule 6.4 to the Merger Agreement with respect to seeking an extension of the Effective Date. Such funding shall be on
the terms of the Expense Advancement Agreement, dated as of March 11, 2021, between Sponsor and the Company; provided that the
dollar limitation in Section 1(a) thereof shall not apply.

 

(b) Sponsor
hereby agrees that it shall, from time to time, (i) execute and deliver, or cause to be executed and delivered, such Ancillary Agreements
as may be necessary to satisfy any condition to the Closing under the Merger Agreement, in substantially the form previously provided
to Sponsor as of the date of this Agreement, and (ii) shall undertake commercially reasonable efforts to (A) execute and deliver, or cause
to be executed and delivered, such additional or further consents, documents and other instruments and (B) take, or cause to be taken,
such actions, and do, or cause to be done, and assist and cooperate with the other parties in doing such things, in each case, as another
party hereto may reasonably request for the purpose of effectively carrying out the transactions contemplated by the Merger Agreement
and this Agreement, in each case, where such efforts do not require Sponsor expenditures, except as required pursuant to Section 7(a).

 

Section 9 General.

 

(a) Termination. This
Agreement shall terminate on the earlier to occur of (a) the Closing or (b) at such time, if any, as the Merger Agreement is terminated
in accordance with its terms prior to the Closing, and upon such termination this Agreement shall be null and void and of no effect whatsoever,
and the parties hereto shall have no obligations under this Agreement; provided, however, that no termination of this Agreement
shall relieve or release a party from any obligations or liabilities arising out of such party’s breaches of this Agreement prior
to such termination. Notwithstanding the foregoing, Sections 1, 2, 3, 4 and 8 shall survive any termination
of this Agreement pursuant to clause (a) of the immediately preceding sentence in accordance with their terms.

 

    6

     

    

 

(b) Notices. All notices,
consents, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered (i)
in person, (ii) by email during normal business hours, (iii) by FedEx or other nationally recognized overnight courier service, or (iv)
after posting in the United States mail having been sent registered or certified mail return receipt requested, postage prepaid, and otherwise
on the next Business Day, addressed as follows (or at such other address for a party as shall be specified by like notice):

 

if to Acquiror (prior to Closing), to it
at:

 

CF Acquisition Corp. VIII

110 East 59th Street

New York, NY 10022

Attention: Chief Executive Officer

Email: CFVIII@cantor.com

 

with a copy to:

 

Hughes Hubbard & Reed
LLP

One Battery Park Plaza

New York, NY 10004

Attention: Ken Lefkowitz and Michael Traube

Email: ken.lefkowitz@hugheshubbard.com and 

michael.traube@hugheshubbard.com

 

if to Sponsor, to it at:

 

CFAC Holdings VIII, LLC

110 East 59th Street

New York, NY 10022

Attention: Chief Executive Officer

Email: CFVIII@cantor.com

 

with a copy to:

 

Hughes Hubbard & Reed
LLP

One Battery Park Plaza

New York, NY 10004

Attention: Ken Lefkowitz and Michael Traube

Email: ken.lefkowitz@hugheshubbard.com and 

michael.traube@hugheshubbard.com

 

if to Parent and/or the Company, or after
Closing, Acquiror, to it at:

 

BTC International Holdings, Inc.

c/o Exela Technologies, Inc.

300 First Stamford Place, Second Floor West

Stamford, CT 06902

Attention: Erik Mengwall, Deputy General Counsel and Secretary

E-mail:legalnotices@exelatech.com

with a copy to:

 

Willkie Farr & Gallagher LLP

787 Seventh Avenue

New York, NY 10019

Attention: Maurice Lefkort, Esq. and Sean Ewen, Esq.

E-mail:mlefkort@willkie.com and sewen@willkie.com

 

    7

     

    

 

(c) Entire Agreement.
This Agreement (together with the other Ancillary Agreements, the Merger Agreement and each of the other documents and the instruments
referred to herein, to the extent incorporated herein) constitutes the entire agreement and understanding of the parties hereto in respect
of the subject matter hereof and thereof and supersedes all prior understandings, agreements, or representations by or among the parties
hereto, written or oral, to the extent they relate in any way to the subject matter hereof or thereof.

 

(d) Governing Law; Jurisdiction;
Waiver of Jury Trial. Sections 10.7 and 10.14 of the Merger Agreement shall apply to this Agreement mutatis mutandis.

 

(e) Remedies. All rights
and remedies existing under this Agreement are cumulative to, and not exclusive of any rights or remedies otherwise available. The parties
hereto agree that irreparable damage could occur in the event that any of the provisions of this Agreement were not performed in accordance
with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to seek an injunction
or injunctions to prevent breaches of this Agreement and to specific enforcement of the terms and provisions of this Agreement, in addition
to any other remedy to which any party is entitled at law or in equity. In the event that any Action shall be brought in equity to enforce
the provisions of this Agreement, no party shall allege, and each party hereby waives the defense, that there is an adequate remedy at
law, and each party agrees to waive any requirement for the securing or posting of any bond in connection therewith.

 

(f) Amendments and Waivers.
This Agreement may be amended or modified only with the written consent of Acquiror, Parent, the Company and Sponsor. The observance of
any term of this Agreement may be waived (either generally or in a particular instance, and either retroactively or prospectively) only
with the written consent of the party against whom enforcement of such waiver is sought; provided, that prior to the Closing, Acquiror
shall not waive any of its rights hereunder without the prior written consent of Parent and the Company. No failure or delay by a party
in exercising any right hereunder shall operate as a waiver thereof. No waivers of or exceptions to any term, condition, or provision
of this Agreement, in any one or more instances, shall be deemed to be or construed as a further or continuing waiver of any such term,
condition, or provision.

 

(g) Severability. If
any provision of this Agreement is held invalid, illegal or unenforceable by any court of competent jurisdiction, the other provisions
of this Agreement shall remain in full force and effect. The parties further agree that if any provision contained herein is, to any extent,
held invalid, illegal or unenforceable in any respect under the Laws governing this Agreement, they shall take any actions necessary to
render the remaining provisions of this Agreement valid and enforceable to the fullest extent permitted by Law and, to the extent necessary,
shall amend or otherwise modify this Agreement to replace any provision contained herein that is held invalid or unenforceable with a
valid and enforceable provision giving effect to the intent of the parties.

 

(h) Assignment. No party
hereto may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written consent of
the other parties; provided, that in the event that Sponsor transfers any of its Founder Shares, Private Placement Securities,
Forward Purchase Shares, Forward Purchase Promote Shares or Forward Purchase Warrants to any Permitted Transferee in accordance with this
Agreement and the Insider Letter, Sponsor shall, by providing notice to Acquiror, Parent and the Company prior to such transfer, transfer
its rights and obligations under this Agreement with respect to such securities to such Permitted Transferee so long as such Permitted
Transferee agrees in writing to be bound by the terms and conditions of this Agreement and the Insider Letter. Any purported assignment
in violation of this Section 8(h) shall be void and ineffectual and shall not operate to transfer or assign any interest or title
to the purported assignee. This Agreement shall be binding on the undersigned and their respective successors and permitted assigns.

 

    8

     

    

 

(i) Costs and Expenses.
Each party to this Agreement will pay its own costs and expenses (including legal, accounting and other fees) relating to the negotiation,
execution, delivery and performance of this Agreement.

 

(j) No Joint Venture.
Nothing contained in this Agreement shall be deemed or construed as creating a joint venture or partnership between any of the parties
hereto. No party is by virtue of this Agreement authorized as an agent, employee or legal representative of any other party. Without in
any way limiting the rights or obligations of any party hereto under this Agreement, prior to the Closing, (i) no party shall have the
power by virtue of this Agreement to control the activities and operations of any other and (ii) no party shall have any power or authority
by virtue of this Agreement to bind or commit any other party. No party shall hold itself out as having any authority or relationship
in contravention of this Section 8(j).

 

(k) Publicity.
All press releases or other public communications of Sponsor relating to this Agreement and the Transactions shall be subject to the prior
written approval of Acquiror, Parent and the Company, which approval shall not be unreasonably withheld; provided, that Sponsor
shall not be required to obtain consent pursuant to this Section 8(k) to the extent any proposed release or statement is substantially
equivalent to the information that has previously been made public without breach of the obligation under this Section 8(k). The
restriction in this Section 8(k) shall not apply to the extent the public announcement is required by applicable securities Law,
any Governmental Authority or stock exchange rule; provided, however, that in such an event, Sponsor shall use its reasonable
efforts to consult with Acquiror and the Company in advance as to its form, content and timing. The restriction in this Section 8(k)
shall also not apply to disclosures set forth in marketing materials distributed by Sponsor or its Affiliates for limited or confidential
circulation.

 

(l) Capacity as Stockholder.
Sponsor signs this Agreement solely in its capacity as a stockholder of Acquiror, and not in its capacity as a director (including “director
by deputization”), officer or employee of Acquiror, if applicable. Nothing herein shall be construed to: restrict, limit, prohibit
or affect any actions or inactions by Sponsor or any representative of Sponsor, as applicable, serving in the capacity of a director or
officer of Acquiror or any Subsidiary of Acquiror, acting in such person’s capacity as a director or officer of Acquiror or any
Subsidiary of Acquiror (it being understood and agreed that the Merger Agreement contains provisions that govern the actions or inactions
by the directors and officers of Acquiror with respect to the Transactions) or (ii) prohibit, limit or restrict the exercise of any fiduciary
duties as director or officer of Acquiror that is otherwise permitted by, and done in compliance with, the terms of the Merger Agreement
(and in each case of clauses (i) and (ii), without limiting Sponsor’s obligations hereunder in its capacity as a stockholder of
Acquiror).

 

(m)
Affiliates. In this Agreement, the term “Affiliates”, when used with respect to a particular Person, means any
other Person directly or indirectly controlling, controlled by or under common control with such Person, whether through one or more intermediaries
or otherwise, and the term “control” (including the terms “controlling”, “controlled by” and “under
common control with”) means the possession, directly or indirectly, of the power to direct or cause the direction of the management
and policies of a Person, whether through the ownership of voting securities, by Contract or otherwise. Notwithstanding the foregoing,
(i) Affiliates of Sponsor shall only include Cantor Fitzgerald & Co. and Persons directly or
indirectly controlled by Cantor Fitzgerald & Co., and Sponsor and Acquiror (and each of their
respective Affiliates) shall be deemed not to be Affiliates of each other for purposes of this Agreement and (ii) no private investment
fund (or similar vehicle) or business development company, or any other investment account, fund, vehicle or other client advised or sub-advised
by Sponsor or by Sponsor’s Affiliates or any portfolio companies thereof shall be deemed to be an Affiliate of Sponsor, except to
the extent any such Person is expressly requested or directed by Sponsor to take any action which would constitute a breach of this Agreement
if taken by Sponsor, and such Person actually takes such prohibited action (it being understood and agreed that this Agreement shall not
otherwise apply to, or be binding on, any Persons described in this clause (ii)).

 

    9

     

    

 

(n) Solely for the benefit of
the Company and Acquiror, Sponsor hereby acknowledges and agrees that Section 3.3.7 of the Forward Purchase Contract shall, for purposes
of the Transactions, be deemed to read as follows:

 

Business Combination. The
Company shall have entered into an agreement with respect to the Business Combination and all conditions to the closing of the Business
Combination as set forth in such agreement, including the approval by the Company’s stockholders of the Business Combination, if
applicable, shall have been satisfied or waived (other than those conditions that by their terms are to be satisfied at such closing,
but subject to the satisfaction or waiver thereof).

 

(o) No Recourse. Neither
Acquiror nor any of its Subsidiaries, nor any of the past, present or future Acquiror Stockholders (other than Sponsor or any Permitted
Transferee thereof), nor any director, officer, employee, member, partner, shareholder or other owner (whether direct or indirect), Affiliate,
agent, attorney or representative of Sponsor, shall have any obligation or liability for the obligations or liabilities of Sponsor under
this Agreement. Without limiting the foregoing, this Agreement may only be enforced against the persons or entities that have executed
and delivered a counterpart to this Agreement.

 

(p) Headings; Interpretation.
The headings and subheadings in this Agreement are for convenience only and shall not be considered a part of or affect the construction
or interpretation of any provision of this Agreement. In this Agreement, unless the context otherwise requires: (i) any pronoun used shall
include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural
and vice versa; (ii) the term “including” (and with correlative meaning “include”) shall be deemed in each case
to be followed by the words “without limitation”; (iii) the words “hereof,” “herein,” “hereto,”
and “hereby” and other words of similar import shall be deemed in each case to refer to this Agreement as a whole and not
to any particular section or other subdivision of this Agreement; (iv) the term “or” means “and/or”; (v) the word
“extent” in the phrase “to the extent” means the degree to which a subject or thing extends, and such phrase shall
not simply mean “if”; and (vi) references to “written” or “in writing” include in electronic form.
The parties have participated jointly in the negotiation and drafting of this Agreement. Consequently, in the event an ambiguity or question
of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption
or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement.

 

(q) Counterparts. This
Agreement may be executed in two or more counterparts, and by different parties in separate counterparts, with the same effect as if all
parties hereto had signed the same document, but all of which together shall constitute one and the same instrument. Copies of executed
counterparts of this Agreement transmitted by electronic transmission (including by email or in .pdf format) or facsimile as well as electronically
or digitally executed counterparts (such as DocuSign) shall have the same legal effect as original signatures and shall be considered
original executed counterparts of this Agreement.

 

[The next page is the signature page]

 

    10

     

    

 

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

 

	 	ACQUIROR:
	 	 
	 	CF
    ACQUISITION CORP. VIII
	 	 	 
	 	By:	/s/
    Howard W. Lutnick

  
	 	Name:	Howard W. Lutnick

  
	 	Title:	Chief Executive Officer

  
	 	 	 
	 	SPONSOR:
	 	 
	 	CFAC
    HOLDINGS VIII, LLC 
	 	 	 
	 	By:	/s/
    Howard W. Lutnick

  
	 	Name:	Howard W. Lutnick

  
	 	Title:	Chief Executive Officer

  
	 	 	 
	 	PARENT:
	 	 
	 	BTC
    INTERNATIONAL HOLDINGS, INC.
	 	 	 
	 	By:	/s/ Vitalie
    Robu 
	 	Name:	Vitalie Robu
	 	Title:	President 
	 	 	 
	 	THE
    COMPANY:
	 	 
	 	XBP
    Europe, Inc.
	 	 	 
	 	By:	/s/ Vitalie
    Robu                        
	 	Name:	Vitalie Robu 
	 	Title:	President 

 

     

     

    

 

SCHEDULE I

 

	Stockholder	 	Number of Shares of Class B 

Common Stock of

    CF Acquisition Corp. VIII
	 	Number and Type of Private 

Placement
    Securities
	CFAC Holdings VIII, LLC	 	6,228,000 shares of Class B Common Stock	 	 
	CFAC Holdings VIII, LLC	 	 	 	540,000 shares of Class A Common Stock
	CFAC Holdings VIII, LLC	 	 	 	135,000 warrants

 

 

Schedule
IExhibit 10.3

 

LOCK-UP AGREEMENT

 

THIS LOCK-UP AGREEMENT (this
“Agreement”) is made and entered into as of October 9, 2022 by and among (i) XBP Europe, Inc., a Delaware corporation
(the “Company”), (ii) CF Acquisition Corp. VIII, a Delaware corporation (“Acquiror”)
and (iii) BTC International Holdings, Inc., a Delaware corporation (“Holder”). Any capitalized term used but
not defined in this Agreement will have the meaning ascribed to such term in the Merger Agreement (as defined below).

 

WHEREAS, on or about
the date of this Agreement, Acquiror, Sierra Merger Sub, Inc., a Delaware corporation and direct wholly subsidiary of Acquiror (“Merger
Sub”), Holder and the Company have entered into an Agreement and Plan of Merger (as amended from time to time in accordance
with the terms thereof, the “Merger Agreement”), pursuant to which, among other matters, upon the consummation
of the transactions contemplated thereby (the “Closing”), Merger Sub will merge with and into the Company with
the Company continuing as the surviving entity and a wholly-owned subsidiary of Acquiror (“Merger”), and as
a result of which all of the issued and outstanding capital stock of the Company immediately prior to the Closing shall no longer be outstanding
and shall automatically be cancelled and shall cease to exist in exchange for the right to receive the Merger Consideration in accordance
with Section 2.7 of the Merger Agreement, without interest;

 

WHEREAS, as of the
date hereof, Holder is the holder of 100% of the total issued and outstanding interest or equity securities of the Company; and

 

WHEREAS, pursuant to
the Merger Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties desire to enter into this Agreement, pursuant to which the Acquiror Class A Common Stock to be received by Holder as consideration
pursuant to the transactions contemplated by the Merger Agreement, and further including any other securities held by the Holder immediately
following the Merger which are convertible into, or exercisable, or exchangeable for, Acquiror Common Stock (all such securities, together
with any securities paid as dividends or distributions with respect to such securities or into which such securities are exchanged or
converted, the “Restricted Securities”) shall become subject to limitations on disposition as set forth herein.

 

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

 

1. Lock-Up
Provisions.

 

(a) Holder
hereby agrees not to, without the prior written consent of Acquiror (subject to Section 2(h)), during the period (the “Lock-Up
Period”) commencing from the Closing and ending on the earlier of (A) the one (1) year anniversary of the date of the Closing
and (B) subsequent to the Closing, the date on which Acquiror consummates a liquidation, merger, capital stock exchange, reorganization,
or other similar transaction that results in all of Acquiror’s stockholders having the right to exchange their Acquiror Common Stock
for cash, securities or other property: (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 Exchange Act, and the rules and regulations of the SEC
promulgated thereunder, with respect to any Restricted Securities owned by Holder, (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 the Restricted Securities owned by Holder,
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 clause (i) or (ii) (any of the foregoing described in clauses (i), (ii) or (iii), a “Prohibited
Transfer”). The foregoing sentence shall not apply to any of the following actions in respect of any or all of the Restricted
Securities owned by Holder (each transferee of a transfer or other action referred to below, a “Permitted Transferee”):

 

(i) transfers
by virtue of the laws of the state or province of the entity’s organization and the entity’s organizational documents upon
dissolution of the entity;

 

    1

     

    

 

(ii) transfers
of Restricted Securities as a bona fide gift, or to a charitable organization or educational institution in a transaction not involving
a disposition for value; and

 

(iii) transfers
to a Subsidiary of Exela Technologies, Inc. that is not a Restricted Subsidiary or Subsidiary Guarantor (as such terms are defined in
the Exela Credit Documents).

 

provided, however, that it
shall be a condition to any transfer pursuant to clauses (i) through (iii) above that the Permitted Transferee of such transfer shall
enter into a written agreement, in substantially the form of this Lock-Up Agreement, stating that such Permitted Transferee is receiving
and holding the Restricted Securities subject to the provisions of this Lock-Up Agreement, and that there shall be no further transfer
of such Restricted Securities except in accordance with this Lock-Up Agreement. For purposes of this paragraph, “affiliate”
shall have the meaning set forth in Rule 405 under the Securities Act. Holder further agrees to execute such agreements as may be reasonably
requested by Acquiror that are consistent with the foregoing or that are necessary to give further effect thereto.

 

(b) If
any Prohibited Transfer is made or attempted contrary to the provisions of this Agreement, such purported Prohibited Transfer shall be
null and void ab initio, and Acquiror shall refuse to recognize any such purported transferee of the Restricted Securities as one
of its equity holders for any purpose. In order to enforce this Section 1, Acquiror may impose stop-transfer instructions
with respect to the Restricted Securities of Holder (and Permitted Transferees and assigns thereof) until the end of the Lock-Up Period.

 

(c) During
the Lock-Up Period, each certificate evidencing any Restricted Securities shall be stamped or otherwise imprinted with a legend in substantially
the following form, in addition to any other applicable legends:

 

“THE SECURITIES REPRESENTED BY THIS
CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER SET FORTH IN A LOCK-UP AGREEMENT, DATED AS OF OCTOBER 9, 2022, BY AND AMONG THE ISSUER
OF SUCH SECURITIES (THE “ISSUER”) AND THE ISSUER’S SECURITY HOLDER NAMED THEREIN, AS AMENDED. A COPY OF SUCH LOCK-UP
AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY THE ISSUER TO THE HOLDER HEREOF UPON WRITTEN REQUEST.”

 

Promptly upon the expiration of the Lock-Up Period,
Acquiror will make reasonable best efforts to remove such legend from the certificates evidencing the Restricted Securities.

 

(d) For
the avoidance of any doubt, Holder shall retain all of its rights as a stockholder of Acquiror during the Lock-Up Period, including the
right to vote any Restricted Securities.

 

(e) Without
limiting the terms set forth in clauses (i)-(iii) of Section 1(a) hereof, Holder shall be free to engage in bona-fide purchase
or sale transactions involving Acquiror Common Stock or other securities convertible into or exercisable or exchangeable for Acquiror
Common Stock in compliance with applicable laws and solely to the extent acquired in bona fide open market transactions, provided,
that no such sale transaction is required to be, or is, publicly announced (whether on Form 4, Form 5 or otherwise) during the Lock-Up
Period.

 

    2

     

    

 

2. Miscellaneous.

 

(a) Termination
of Merger Agreement. This Agreement shall be binding upon Holder upon Holder’s execution and delivery of this Agreement, but
this Agreement shall only become effective upon the Closing. Notwithstanding anything to the contrary contained herein, in the event that
the Merger Agreement is terminated in accordance with its terms prior to the Closing, this Agreement and all rights and obligations of
the parties hereunder shall automatically terminate and be of no further force or effect.

 

(b) Binding
Effect; Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties
hereto and their respective permitted successors and assigns. This Agreement and all obligations of Holder are personal to Holder and
may not be transferred or delegated by Holder at any time without the prior written consent of Acquiror in accordance with Section
2(h), except in accordance with the procedures set forth for transfers of Restricted Securities to Permitted Transferees in the second
sentence of Section 1(a). Each of Acquiror and the Company may freely assign any or all of its rights under this Agreement, in
whole or in part, to any successor entity (whether by merger, consolidation, equity sale, asset sale plan of arrangement/exchange or otherwise)
without obtaining the consent or approval of Holder. For the avoidance of doubt this Section 2(b) does not apply to Sponsor’s
rights under Section 2(h).

 

(c) Third
Parties. Except for the rights of the Sponsor (or its assignee) as provided in Section 2(h), nothing contained in this Agreement
or in any instrument or document executed by any party in connection with the transactions contemplated hereby shall create any rights
in, or be deemed to have been executed for the benefit of, any person or entity that is not a party hereto or thereto or a successor or
permitted assign of such a party.

 

(d) Governing
Law; Jurisdiction; Waiver of Jury Trial. Sections 10.7 and 10.14 of the Merger Agreement shall apply to this Agreement mutatis
mutandis.

 

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

 

    3

     

    

 

(f) Notices.
All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given when
delivered (i) in person, (ii) by email during normal business hours, (iii) by FedEx, UPS or other nationally recognized overnight courier
service or (iv) after posting in the United States mail having been sent registered or certified mail return receipt requested, postage
prepaid, and otherwise on the next Business Day, addressed as follows (or at such other address for a party as shall be specified by like
notice):

 

	
    If to Acquiror prior to the Closing, to: 

     
	
    CF Acquisition Corp. VIII

    110 East 59th Street

    New York, New York 10022

    Attention: Chief Executive Officer

    Email: CFVIII@cantor.com

     

    and

     

    Hughes Hubbard & Reed LLP

    One Battery Park Plaza

    New York, New York 10004

    Email: ken.lefkowitz@hugheshubbard.com and michael.traube@hugheshubbard.com

    Attention: Ken Lefkowitz and Michael Traube

	If to the Company and, from and after the Closing, Acquiror, to:	
    c/o Exela Technologies, Inc.

    300 First Stamford Place, Second Floor West

    Stamford, CT 06902

    E-mail: legalnotices@exelatech.com

Attention: Erik Mengwall, Deputy General Counsel and Secretary

     

    with a copy to:

     

    Willkie Farr & Gallagher LLP

    787 Seventh Avenue

    New York, NY 10019

    E-mail:                 mlefkort@willkie.com

                                sewen@willkie.com

    Attention:          Maurice Lefkort, Esq.

                                 Sean Ewen, Esq.

     

	If to Sponsor, to:	
    CFAC Holdings VIII, LLC

    110 East 59th Street

    New York, New York 10022

    Attention: Chief Executive Officer

    Email: CFVIII@cantor.com

     

    and

     

    Hughes Hubbard & Reed LLP

    One Battery Park Plaza

    New York, New York 10004

    Email: ken.lefkowitz@hugheshubbard.com and michael.traube@hugheshubbard.com

    Attention: Ken Lefkowitz and Michael Traube

 

    4

     

    

 

	If to Holder, to: 	
    c/o Exela Technologies, Inc.

    300 First Stamford Place, Second Floor West

    Stamford, CT 06902

    E-mail: legalnotices@exelatech.com

    Attention: Erik Mengwall, Deputy General Counsel and Secretary

     

    with a copy to:

     

    Willkie Farr & Gallagher LLP

    787 Seventh Avenue

    New York, NY 10019

    E-mail:                 mlefkort@willkie.com

                                sewen@willkie.com

    Attention:          Maurice Lefkort, Esq.

                                Sean Ewen, Esq.

     

 

(g) Amendments
and Waivers. This Agreement may be amended or modified only with the written consent of (i) Acquiror, the Company and Holder (if prior
to the Closing) or (ii) Acquiror (in accordance with Section 2(h)) and Holder (if from and after the Closing). The observance of
any term of this Agreement may be waived (either generally or in a particular instance, and either retroactively or prospectively) only
with the written consent of the party against whom enforcement of such waiver is sought. No failure or delay by a party in exercising
any right hereunder shall operate as a waiver thereof. No waivers of or exceptions to any term, condition, or provision of this Agreement,
in any one or more instances, shall be deemed to be or construed as a further or continuing waiver of any such term, condition, or provision.

 

(h) Authorization
on Behalf of Acquiror. The parties acknowledge and agree that notwithstanding anything to the contrary contained in this Agreement,
any consent, waiver or amendment with respect to the restrictions set forth in Section 1 of this Agreement shall require the prior
written consent of CFAC Holdings VIII, LLC (the “Sponsor”), and the Sponsor shall be entitled to cause the Acquiror
to enforce its rights and remedies under this Agreement. The Sponsor may, without being required to obtain the consent of any party hereto,
assign all of its rights under this Agreement to any Affiliate of the Sponsor to whom the Sponsor’s Acquiror Common Stock is transferred
after the Closing in compliance with any applicable contractual or legal requirements.

 

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

 

    5

     

    

 

(j) Specific
Performance. Holder acknowledges that its obligations under this Agreement are unique, recognizes and affirms that in the event of
a breach of this Agreement by Holder, money damages will be inadequate and Acquiror will have no adequate remedy at law, and agrees that
irreparable damage would occur in the event that any of the provisions of this Agreement were not performed by Holder in accordance with
their specific terms or were otherwise breached. Accordingly, Acquiror shall be entitled to an injunction or restraining order to prevent
breaches of this Agreement by Holder and to enforce specifically the terms and provisions hereof, without the requirement to post any
bond or other security or to prove that money damages would be inadequate, this being in addition to any other right or remedy to which
such party may be entitled under this Agreement, at law or in equity.

 

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

 

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

 

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

 

(n)
No Recourse. No director, officer, employee, member, partner, shareholder or other owner (whether direct or indirect), Affiliate,
agent, attorney or representative of any party to this Agreement (other than any Permitted Transferee of Holder), shall have any obligation
or liability for the obligations or liabilities of a party under this Agreement. Without limiting the foregoing, this Agreement may only
be enforced against the entities that have executed and delivered a counterpart to this Agreement.

 

[Remainder of Page Intentionally Left Blank;
Signature Pages Follow.] 

 

    6

     

    

 

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

 

	 	ACQUIROR:
	 	 
	 	CF ACQUISITION
    CORP. VIII
	 	 	 
	 	By:	/s/
    Howard W. Lutnick

  
	 	Name:  	Howard W. Lutnick

  
	 	Title:  	Chief Executive Officer

  
	 	 	 
	 	Company:
	 	 	 
	 	XBP Europe,
    Inc.
	 	 	 
	 	By:	/s/ Vitalie
    Robu
	 	Name:  	Vitalie Robu
	 	Title:  	President 
	 	 	 
	 	Holder:
	 	 
	 	BTC INTERNATIONAL
    HOLDINGS, INC.
	 	 	 
	 	By:	/s/ Vitalie
    Robu
	 	Name:  	Vitalie Robu
	 	Title:  	President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00349-of-00352.parquet"}]]