Document:

Document

Exhibit 10.8

TIME SHARING AGREEMENT
THIS TIME SHARING AGREEMENT (this “Agreement”) is entered into effective as of December 20, 2021, by and between Patrick F. Dolan, an individual with an address at c/o Dolan Family Office, LLC, 340 Crossways Park Drive, Woodbury, New York 11797 (“Lessor”), and MSG Entertainment Group, LLC, a Delaware limited liability company with a place of business at Two Pennsylvania Plaza, New York, New York 10121 (“Lessee”).
W I T N E S. S E T H:
WHEREAS, Lessor is a non-exclusive lessee and Part 91 operator of a Bombardier BD100-1A10 Challenger 350 aircraft, manufacturer’s serial number 20611, United States registration N350PD (the “Aircraft”); 
WHEREAS, Lessor has employed or engaged a fully-qualified and credentialed flight crew to operate the Aircraft; and
WHEREAS, Lessor has agreed to lease the Aircraft, with flight crew, to Lessee on a “time sharing” basis as defined in Section 91.501(c)(1) of the Federal Aviation Regulations (“FAR”) upon the terms and subject to the conditions set forth herein;
NOW, THEREFORE, in consideration of the foregoing premises, and the covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged, Lessor and Lessee, intending to be legally bound, hereby agree as follows:
1.Lease of Aircraft.  Lessor agrees to lease the Aircraft to Lessee pursuant to the provisions of FAR Section 91.501(b)(6) and Section 91.501(c)(1) and this Agreement, and to provide a fully-qualified and credentialed flight crew for all flights to be conducted hereunder during the Term (as defined in Section 13) hereof. The parties acknowledge and agree that this Agreement did not result in any way from any direct or indirect advertising, holding out or soliciting on the part of Lessor or any person purportedly acting on behalf of Lessor. Lessor and Lessee intend that the lease of the Aircraft effected by this Agreement shall be treated as a “wet lease” pursuant to which Lessor provides transportation services to Lessee in accordance with FAR Section 91.501(b)(6) and Section 91.501(c)(1).
2.Payment for Use of Aircraft.  Lessee shall pay Lessor the following actual expenses of each flight conducted under this Agreement, not to exceed the maximum amount legally payable for such flight under FAR Section 91.501(d)(1)-(10):
(a)fuel, oil, lubricants and other additives;
(b)travel expenses of crew, including food, lodging and ground transportation;
(c)hangar and tie-down costs away from the Aircraft’s base of operation;
(d)additional insurance obtained for the specific flight at the request of Lessee;
(e)landing fees, airport taxes and similar assessments;
(f)customs, foreign permit and similar fees directly related to the flight;
(g)in-flight food and beverages;
(h)passenger ground transportation;
(i)flight planning and weather contract services; and

(j)An additional charge equal to 100 percent of the expenses listed in paragraph (2)(a) of this section.
Lessee shall be obligated to reimburse Lessor for the actual expenses set forth in Section 2(a)-(i) for occupied legs and for deadhead flights. Nothing herein shall prevent Lessor from utilizing empty space on any flight leg in which case Lessor and Lessee agree to adjust in good faith the expenses of any such flight segment.
3.Operational Control of Aircraft.  Lessor and Lessee intend and agree that on all flights conducted under this Agreement, Lessor shall have complete and exclusive operational control over the Aircraft, its flight crews and maintenance, and complete and exclusive possession, command and control of the Aircraft. Lessor shall have complete and exclusive responsibility for scheduling, dispatching and flight following of the Aircraft on all flights conducted under this Agreement, which responsibility includes the sole and exclusive right over initiating, conducting and terminating such flights. Lessee shall have no responsibility for scheduling, dispatching or flight following on any flight conducted under this Agreement, nor any right over initiating, conducting or terminating any such flight. Nothing in this Agreement is intended or shall be construed so as to convey to Lessee any operational control over, or possession, command and control of, the Aircraft, all of which are expressly retained by Lessor.
4.Scheduling.
(a)Lessee will provide Lessor with requests for flight time and proposed flight schedules as far in advance of any given flight as possible. Lessee or the designated authorized representative(s) of Lessee shall submit scheduling requests under this Agreement to the designated authorized representative(s) of Lessor. Requests for flight time shall be in such form (whether oral or written) mutually convenient to, and agreed upon by, the parties. In addition to proposed schedules and flight times, Lessee shall upon request provide Lessor with the following information for each proposed flight prior to scheduled departure: (i) proposed departure point; (ii) destination; (iii) date and time of flight; (iv) the number of anticipated passengers; (v) the nature and extent of luggage to be carried; (vi) the date and time of a return flight, if any; and (vii) any other pertinent information concerning the proposed flight that Lessor or the flight crew may request. Prior to each flight under this agreement, Lessor and Lessee shall acknowledge that the flight will be operated under the terms of this agreement and notify the flight department managing the Aircraft of the same.
(b)Subject to Aircraft and crew availability and to any usage limitations established by Lessor, Lessee’s use of the Aircraft hereunder shall be subject to Lessor’s sole discretion; in addition, (i) Lessor shall have sole and exclusive final authority over the scheduling of the Aircraft; and (ii) the needs of Lessor (or other operators or lessees of the Aircraft) for the Aircraft shall take precedence over Lessee’s rights and Lessor’s obligations under this Agreement.
(c)Although every good faith effort shall be made to avoid its occurrence, any flight scheduled under this Agreement is subject to cancellation by either party without incurring liability to the other party, except for costs and expenses (including but not limited to the items in Section 2(a)-(j)) incurred for the flight that are not reasonably recoverable, which shall be borne by the party canceling the flight. In the event of cancellation, the canceling party shall provide the maximum notice practicable to the other party.
5.Billing. Lessor shall pay all expenses relating to the operation of the Aircraft under this Agreement on a monthly basis. As soon as reasonably practicable after the end of each monthly period during the Term, Lessor shall provide to Lessee an invoice showing all use of the Aircraft by Lessee under this Agreement during that month and a complete accounting detailing all amounts payable by Lessee pursuant to Section 2 for that month, including such detail supporting all expenses paid or incurred by Lessor for which reimbursement is sought as Lessee may reasonably request. Lessee shall pay 
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all amounts due to Lessor under this Section 5 not later than thirty (30) days after receipt of the invoice therefor.
6.Maintenance of Aircraft. Lessor shall be solely responsible for securing maintenance, preventive maintenance and inspections of the Aircraft (utilizing an inspection program listed in FAR Section 91.409(f)), and shall take such requirements into account in scheduling the Aircraft hereunder.
7.Flight Crew.
(a)Lessor shall employ or engage and pay all salaries, benefits and/or compensation for a fully-qualified flight crew with appropriate credentials to conduct each flight undertaken under this Agreement. Lessor may use temporary flight crewmembers for a flight under this Agreement only if any such temporary crewmember is FlightSafety (or SimuFlite) trained, is current on the Aircraft and satisfies all of the requirements and conditions under the insurance coverage for the Aircraft. All flight crewmembers shall be included on any insurance policies that Lessor is required to maintain hereunder.
(b)The qualified flight crew provided by Lessor shall exercise all of its duties and responsibilities with regard to the safety of each flight conducted hereunder in accordance with applicable FARs.  The Aircraft shall be operated under the standards and policies established by Lessor. Final authority to initiate or terminate each flight, and otherwise to decide all matters relating to the safety of any given flight or requested flight, shall rest with the pilot-incommand of that flight. The pilot-in-command may, in its sole discretion, terminate any flight, refuse to commence any flight, or take any other action that, in the judgment of the pilot-incommand, is necessitated by considerations of safety. No such termination or refusal to commence by the pilot-in-command shall create or support any liability for loss, injury, damage or delay in favor of Lessee or any other person. Lessor shall not be liable to Lessee or any other person for loss, injury or damage occasioned by the delay or failure to furnish the Aircraft and flight crew pursuant to this Agreement for any reason.
8.Insurance.
(a)At all times during the Term of this Agreement, Lessor shall maintain at its sole cost and expense (i) comprehensive aircraft and liability insurance against bodily injury and property damage claims, including, without limitation, contractual liability, premises damage, personal property liability, personal injury liability, death and property damage liability, public and passenger legal liability coverage, in an amount not less than $100,000,000 for each single occurrence and (ii) hull insurance for the full replacement cost of the aircraft.
(b)Any policies of aircraft and liability insurance carried in accordance with this Section 8 and any policies taken out in substitution or replacement of any such policies (i) shall name Lessee and its affiliates and each of their respective members, managers, shareholders, officers, directors, partners, employees, agents, licensees and guests as additional insureds (without responsibility for premiums) with respect to the liability coverage; (ii) shall waive any right of set-off and any right of subrogation against any of the additional insureds; (iii) shall provide for thirty (30) days written notice to Lessee by such insurer of cancellation, change, non-renewal or reduction (seven (7) days in the case of war risk and allied perils coverage or such shorter period as is customarily available in the industry); (iv) shall be primary, not subject to any co-insurance clause, not contributory or subject to offset with respect to any other policies in force; and (v) shall include a severability of interest clause providing that the policies will operate in the same manner to give each insured the same protection as if there were a separate policy issued to each insured except for the limit of liability.
(c)Lessor shall use reasonable commercial efforts to provide such additional insurance coverage for specific flights under this Agreement, if any, as Lessee may request in writing. 
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Lessee also acknowledges that any trips scheduled to the European Union may require Lessor to purchase additional insurance to comply with local regulations. The cost of all additional flight-specific insurance shall be borne by Lessee as set forth in Section 2(d) hereof.
(d)Each party agrees that it will not do any act or voluntarily suffer or permit any act to be done whereby any insurance required hereunder shall or may be suspended, impaired or defeated. In no event shall Lessor suffer or permit the Aircraft to be used or operated under this Agreement without such insurance being fully in effect.
(e)Lessor shall ensure that worker’s compensation insurance with all-states coverage is provided for the Aircraft’s crew and maintenance personnel.
(f)Lessor shall deliver certificates of insurance to Lessee with respect to the insurance required or permitted to be provided by it hereunder not later than the first flight of the Aircraft under this Agreement and upon the renewal date of each policy.
9.Taxes.  Lessee shall be responsible for paying, and Lessor shall be responsible for collecting from Lessee and paying over to the appropriate authorities, all applicable Federal transportation taxes and sales, use or other excise taxes imposed by any governmental authority in connection with any use of the Aircraft by Lessee hereunder. Each party shall indemnify the other party against any and all claims, liabilities, costs and expenses (including attorney’s fees as and when incurred) arising out of its breach of this undertaking.
10.Lessee’s Representations and Warranties.  Lessee represents and warrants that:
(a)It will not use the Aircraft for the purposes of providing transportation of passengers or cargo in air commerce for compensation or hire or for common carriage.
(b)It shall refrain from incurring any mechanic’s or other liens in connection with inspection, preventive maintenance, maintenance or storage of the Aircraft, and shall not attempt to convey, mortgage, assign, lease or in any way alienate the Aircraft or create any kind of lien or security interest involving the Aircraft or do anything or take any action that might mature into such a lien.
(c)It shall not lien or otherwise encumber or create or place any lien or other encumbrance of any kind whatsoever, on or against the Aircraft for any reason. It also will ensure that no liens or encumbrances of any kind whatsoever are created or placed against the Aircraft for claims against Lessee or by Lessee.
(d)It will abide by and conform to all laws, governmental and airport orders, rules and regulations, as shall be imposed upon the lessee of an aircraft under a time sharing agreement, and applicable company policies of Lessor.
11.Lessor’s Representations and Warranties. Lessor represents and warrants that it will abide by and conform to all such laws, governmental and airport orders, rules and regulations, as shall from time to time be in effect relating in any way to the operation and use of the Aircraft pursuant to this Agreement.
12.Disclaimer of Warranties. EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, LESSOR HAS MADE NO REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO THE AIRCRAFT, INCLUDING ANY WITH RESPECT TO ITS CONDITION, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY OR TO ANY OTHER PERSON FOR ANY INCIDENTIAL, CONSEQUENTIAL OR SPECIAL DAMAGES, HOWEVER ARISING.
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13.Term. The term of this Agreement (the “Term”) shall commence on the effective date hereof and expire on June 30, 2022, and thereafter shall automatically renew for successive one-year terms. Notwithstanding the foregoing, either party shall have the right to terminate this Agreement upon 30 days prior written notice to the other party. In addition, this Agreement shall terminate (i) effective on the date specified in a written notice from Lessor to Lessee to the effect that Lessor no longer operates the Aircraft, which notice shall be given by Lessor to Lessee as soon as reasonably practicable after Lessor becomes aware that such is or will be the case or (ii) immediately upon a Change of Control of Lessee. “Change of Control” shall mean the acquisition, in a transaction or a series of related transactions, by any person or group, other than Charles F. Dolan or members of the immediate family of Charles F. Dolan or trusts for the benefit of Charles F. Dolan or his immediate family (or an entity or entities controlled by any of them), of the power to direct the management of Madison Square Garden Entertainment Corp. or substantially all its assets (as constituted immediately prior to such transaction or transactions).
14.Limitation of Liability.  The parties, for themselves and on behalf of their representatives, guests, invitees, licensees and employees, covenant and agree that the insurance described in Section 8 hereof shall be the sole recourse for any and all liabilities, claims, demands, suits, causes of action, losses, penalties, fines, expenses or damages, including attorneys fees, court costs and witness fees, attributable to the use, operation or maintenance of the Aircraft pursuant to this Agreement or performance of or failure to perform any obligation under this Agreement, except in the event that Lessor fails to obtain and maintain the insurance required hereunder or in the event of the gross negligence of the party at fault or the proceeds of insurance are unavailable due to an act or omission of a party that violates the covenants, terms and conditions of the insurance policy.
15.Relationship of Parties.  Lessor is strictly an independent contractor lessor/provider of transportation services with respect to Lessee. Nothing in this Agreement is intended, nor shall it be construed so as, to constitute the parties as partners or joint venturers or principal and agent. All persons furnished by Lessor for the performance of the operations and activities contemplated by this Agreement shall at all times and for all purposes be considered Lessor’s employees or agents.
16.Governing Law; Severability.  This Agreement shall be governed by and interpreted in accordance with the laws of the State of New York, determined without regard to its conflicts of laws principles. If any provision of this Agreement conflicts with any statute or rule of law of the State of New York, or is otherwise unenforceable, such provision shall be deemed null and void only the extent of such conflict or unenforceability, and shall be deemed separate from, and shall not invalidate, any other provision of this Agreement.
17.Amendment.  This Agreement may not be amended, supplemented, modified or terminated, or any of its terms varied, except by an agreement in writing signed by each of the parties hereto.
18.Counterparts.    This Time Sharing Agreement may for all purposes be executed in several counterparts, each of which shall be deemed an original, and all such counterparts, taken together, shall constitute the same instrument, even though all parties may not have executed the same counterpart of this Agreement. Each party may transmit its signature by confirmed facsimile or PDF transmission, and such signatures shall have the same force and effect as an original signature.
19.Successors and Assigns. This Time Sharing Agreement shall be binding upon the parties hereto, and their respective heirs, executors, administrators, other legal representatives, successors and assigns, and shall inure to the benefit of the parties hereto, and, except as otherwise provided herein, to their respective heirs, executors, administrators, other legal representatives, successors and permitted assigns. Lessee agrees that it shall not directly or indirectly sublease, assign, transfer, pledge or hypothecate this Agreement or any part hereof (including any assignment or transfer pursuant to the laws 
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of intestacy) without the prior written consent of Lessor, which may be given or withheld by Lessor in its sole and absolute discretion.
20.Notices. All notices or other communications delivered or given under this Agreement shall be in writing and shall be deemed to have been duly given if hand delivered, sent by certified or registered mail, return receipt requested, or nationally-utilized overnight delivery service, PDF or confirmed facsimile transmission, as the case may be. Such notices shall be addressed to the parties at the addresses set forth above, or to such other address as may be designated by any party in a writing delivered to the other in the manner set forth in this Section 20.  In the case of notices to Lessee, a copy of each such notice shall be sent via email to legalnotices@msg.com.  In the case of notices to Lessor, a copy of each such notice shall be sent via email to officer@dfollc.com.  Notices sent by certified or registered mail shall be deemed received three (3) business days after being mailed. All other notices shall be deemed received on the date delivered. 
21.Truth-in-Leasing Compliance. Lessor, on behalf of Lessee, shall (i) mail a copy of this Agreement to the Aircraft Registration Branch, Technical Section, of the FAA in Oklahoma City within twenty four (24) hours of its execution; (ii) notify the nearest Flight Standards District Office at least forty-eight (48) hours prior to the first flight by Lessor under this Agreement of the registration number of the Aircraft, and the location of the airport of departure and departure time of the first flight; and (iii) carry a copy of this Agreement onboard the Aircraft at all times when the Aircraft is being operated under this Agreement.
22.TRUTH IN LEASING STATEMENT UNDER FAR SECTION 91.23:
(a)LESSOR HEREBY CERTIFIES THAT THE AIRCRAFT HAS BEEN MAINTAINED AND INSPECTED UNDER FAR PART 91 DURING THE 12-MONTH PERIOD PRECEDING THE DATE OF EXECUTION OF THIS AGREEMENT. THE AIRCRAFT WILL BE MAINTAINED AND INSPECTED IN COMPLIANCE WITH THE MAINTENANCE AND INSPECTION REQUIREMENTS OF FAR PART 91 FOR ALL OPERATIONS TO BE CONDUCTED UNDER THIS AGREEMENT.
(b)LESSOR HEREBY CERTIFIES THAT IT IS RESPONSIBLE FOR OPERATIONAL CONTROL OF THE AIRCRAFT FOR ALL OPERATIONS UNDER THIS AGREEMENT.
(c)EACH PARTY HEREBY CERTIFIES THAT IT UNDERSTANDS ITS RESPONSIBILITIES FOR COMPLIANCE WITH APPLICABLE FEDERAL AVIATION REGULATIONS.
(d)THE PARTIES UNDERSTAND THAT AN EXPLANATION OF THE FACTORS BEARING ON OPERATIONAL CONTROL AND THE PERTINENT FEDERAL AVIATION REGULATIONS CAN BE OBTAINED FROM THE NEAREST FAA FLIGHT STANDARDS DISTRICT OFFICE.
THE UNDERSIGNED FOR LESSOR CERTIFIES THAT THEY ARE RESPONSIBLE FOR OPERATIONAL CONTROL OF THE AIRCRAFT AND THAT THEY UNDERSTAND THE  RESPONSIBILITIES FOR COMPLIANCE WITH APPLICABLE FEDERAL AVIATION REGULATIONS.
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IN WITNESS WHEREOF, Lessor and Lessee have executed this Time Sharing Agreement effective as of the date first above written.
LESSOR:
Patrick F. Dolan                    

LESSEE:
MSG Entertainment Group, LLC 
By: Mark H. FitzPatrick                
Name:     Mark H. FitzPatrick
Title:     EVP & Chief Financial Officer
7kyledetwilerseparationag

US-LEGAL-10600104/4   174008-0001        SEPARATION AND RELEASE AGREEMENT  This Separation and Release Agreement (the “Agreement”) is entered into on February 8, 2022,  by  and between Kyle Detwiler (“Employee”) and Clever Leaves Holdings Inc., a corporation organized under the  law of British Columbia, Canada (the “Company”).  Capitalized terms used but not defined herein shall have  the meanings set forth in that certain Amended and Restated Employment Agreement, entered into as of  December 22, 2020, by and between Employee and the Company (the “Employment Agreement”).     1. Separation of Employment. Separation; Termination of Employment Agreement.   Employee’s last day of employment with the Company shall be March 24, 2022 (the “Separation Date”).  Effective as of the Separation Date, (i) Employee’s employment with the Company and all of its affiliates  shall terminate and Employee shall cease to be an employee of all of the foregoing, (ii) Employee shall resign  from all positions as an officer and director of the Company (including his role as Chairman) and all positions  as an officer, director or fiduciary of any subsidiary of the Company and (iii) the Employment Agreement  shall terminate, and neither the Company nor Employee shall have any further obligations thereunder except  as otherwise set forth herein. The Company and Employee further acknowledge and agree that the termination  of Employee’s employment hereunder constitutes a “separation from service” within the meaning of Section  409A of the Code.  The Company and Employee shall mutually agree on a public statement regarding the  Employee’s departure.  2. Return of Company Property.  Employee represents and warrants that Employee shall,  immediately following the Separation Date, return to the Company any and all property and equipment of the  Company, including (i) all keys, files, lists, books and records (and copies thereof) of, or in connection with,  the Company’s business, equipment (including, but not limited to, computer hardware, software and printers,  wireless handheld devices, cellular phones and pagers), access or credit cards, Company identification, and all  other property belonging to the Company in Employee’s possession or control, and (ii) all documents and  copies, including hard and electronic copies, of documents in Employee’s possession relating to any  Proprietary Information (as defined in the Confidentiality Agreement), including without limitation, internal  and external business forms, manuals, correspondence, notes and computer programs, and that Employee shall  not make or retain any copy or extract of any of the foregoing; provided however, that Employee shall be  entitled to retain his company issued laptop.  3. Accrued and Unpaid Compensation and Benefits; Payment in Lieu of Notice. The  Company will pay to Employee accrued and unpaid Base Salary, thirty (30) accrued and unused vacation days  and any other accrued or earned benefits or rights (collectively, the “Accrued Benefits”), in each case through  the Separation Date, in accordance with the terms of Section 7.A. (Payment of Accrued But Unpaid  Compensation and Benefits) of the Employment Agreement. In addition, in lieu of providing thirty (30) days’  notice in accordance with Section 6.E. (Termination by the Company Without Cause) of the Employment  Agreement, the Company shall continue to pay to Employee the Base Salary for a period of thirty (30) days  following the Separation Date (such amount equal to $22,603 in accordance with its normal payroll practices  (the “Payment in Lieu of Notice”).  4. Separation Benefits.  In consideration of, and subject to and conditioned upon (i)  Employee’s timely execution of this Agreement, (ii) Employee’s continued employment through the  Separation Date, (iii) Employee’s continued compliance with the Restrictive Covenants (as defined below)  and (iv) Employee’s timely execution of the general release attached hereto as Exhibit A (the “Additional  Release”) on or within seven (7) days following the Separation Date, the Company will provide the Employee  with the separation benefits set forth in Section 7.C. (Termination of Employment by the Company without  Cause, by the Executive for Good Reason or Upon Non-Renewal by the Company) of the Employment  Agreement (as modified, with respect to the Employee’s service-vesting restricted stock units granted on  January 14, 2022 (the “2022 RSUs”), by Exhibit C of that certain Restricted Share Unit Award Grant Notice  and Restricted Share Unit Agreement, dated January 14, 2022, by and between the Company and Employee  (the “2022 RSU Award Agreement”)), subject to the terms, including payment timing, set forth therein, and  Sections 15 (Withholding) and 19 (Section 409A of the Code) of the Employment Agreement, as set forth  below. The Company and Employee acknowledge the following:   

 

US-LEGAL-10600104/4   174008-0001        2   (a) The amount of the Annual Bonus payable for 2021 pursuant to Section 7.C.ii. of the  Employment Agreement is $0.   (b) The amount of the Annual Bonus payable for 2022 pursuant to Section 7.C.i of the  Employment Agreement shall be targeted at 70% of Annual Base Salary, measured  against performance goals established for senior executives by the Company’s Board of  Directors, and payable at the same time annual bonuses for 2022 are paid to other key  executives of the Company, provided however that the resulting amount shall be pro- rated for the period from January 1, 2022 until the Separation Date.  (c) The aggregate amount to be paid in accordance with the Company’s normal payroll  period practices applicable to the Company’s executives (without regard to any individual  deferral elections) during the period commencing on the Separation Date and ending on  the twenty-four (24)-month anniversary thereof in accordance with Section 7.C.iii.c. of  the Employment Agreement is $550,000.  (d) The Company shall reimburse the COBRA premiums, if any, paid by Employee for  continuation coverage for Employee, his spouse and dependents under the Company’s  group health, dental and vision plans for eighteen (18) months (or up twenty-four (24)  months if Employee is permitted to use continuation coverage under COBRA for a period  in excess of eighteen (18) months) in accordance with Section 7.C.iii.d. of the  Employment Agreement.   (e) With respect to Employee’s outstanding Equity Awards:   (i) With respect to Employee’s outstanding performance-vesting restricted stock units  (i.e., those granted to Employee on March 2, 2021 and July 1, 2021 that contain a  performance-vesting requirement that the closing price per common share of the  Company equals or exceeds $15.00 per share for any 20 trading days within any  consecutive 30-trading day period on or before December 18, 2024) (the “Second- Level Earnout RSUs”):  (I) the portion of such Second-Level Earnout RSUs for which Employee has met  the applicable service-vesting requirements on or prior to the Separation Date  shall remain eligible to performance-vest for the applicable performance period  based on actual performance (for the avoidance of doubt, as of the Separation  Date, (x) 11,250 of the Second-Level Earnout RSUs granted on March 2, 2021  will have service-vested and (y) none of the Second-Level Earnout RSUs granted  on July 1, 2021 will have service-vested);  (II) a portion of the tranche of each Second-Level Earnout RSUs that was next  scheduled to otherwise vest following the Separation Date shall service-vest on  the Separation Date based on the period of time elapsed between the prior vesting  date (or, if none, the grant date) and the Separation Date, which portion shall  remain eligible to performance-vest for the applicable performance period based  on actual performance (for the avoidance of doubt, as of the Separation Date, (x)  an additional 2,959 of the Second-Level Earnout RSUs granted on March 2, 2021  will be considered service-vested and (y) an additional 2,141 of the Second-Level  Earnout RSUs granted on July 1, 2021 will be considered service-vested); and   (III) any portion of the Second-Level Earnout RSUs not described in clauses (I)  or (II) above shall be automatically cancelled and forfeited as of the Separation  Date (for the avoidance of doubt, as of the Separation Date, (x) 30,791 of the  Second-Level Earnout RSUs granted on March 2, 2021 will be automatically  

 

US-LEGAL-10600104/4   174008-0001        3   cancelled and forfeited and (y) 27,237 of the Second-Level Earnout RSUs  granted on July 1, 2021 will be automatically cancelled and forfeited);   (ii) Employee’s outstanding unvested stock options and service-vesting restricted stock  units (including restricted stock units that were previously subject to performance- vesting conditions, which conditions have been achieved prior to the Separation Date  (the “First-Level Earnout RSUs”)), other than the 2022 RSUs, will accelerate and  vest in full on the Separation Date and be eligible to be exercised (in the case of stock  options) and be settled (in the case of restricted stock units) in accordance with the  applicable award agreement.  As of the Separation Date, there are (I) 100,000  outstanding unvested service-based RSUs that were granted on March 2, 2021, (II)  33,750 outstanding unvested First-Level Earnout RSUs that were granted on March 2,  2021, (III) 29,378 outstanding unvested First-Level Earnout RSUs that were granted  on July 1, 2021, and (IV) 9,351 outstanding unvested stock options that were granted  on October 21, 2019).  Employee’s vested stock options will remain exercisable until  the three-month anniversary of the Separation Date; and   (iii) Of Employee’s 500,000 outstanding unvested 2022 RSUs, 50,000 RSUs (which  amount was scheduled to otherwise vest within 12 months of the Separation Date)  shall accelerate and vest on the Separation Date and be settled in accordance with the  2022 RSU Award Agreement.  The remaining 450,000 2022 RSUs shall be  automatically cancelled and forfeited as of the Separation Date.   (f) In addition to the foregoing, upon Employee’s submission of appropriate itemized proof  and verification of reasonable and customary legal fees and tax advisor fees incurred by  Employee in obtaining legal and tax advice associated with the preparation of a gain  recognition agreement for Employee, including any analysis of the tax treatment to  Employee, any tax audits, annual tax filings and certifications, the Company shall  reimburse Employee for up to $20,000 in the aggregate for all such legal fees no later  than thirty (30) days of receipt of an invoice for legal services from Employee and/or  Employee’s attorneys; provided that any such reimbursements paid by the Company to  Employee at any time prior to the Separation Date (including at any time prior to the date  hereof) shall result in a corresponding reduction of the preceding $20,000 reimbursement  cap.   (g) The payments and benefits described in this Section 4 shall be in lieu of any termination  or severance payments or benefits for which the Employee may be eligible under any of  the plans, policies or programs of the Company or under the Worker Adjustment  Retraining Notification Act of 1988 or any similar state statute or regulation.   (h) No payment that is otherwise required to be paid to Employee pursuant to this Section 4  before the Additional Release becomes final and binding shall be paid to Employee on the  first normal payroll payment date following the date the Additional Release becomes final  and binding and any payment delayed as a result of this Section 4(f) shall be in a lump  sum paid on such first payroll date; provided that if Employee materially breaches this  Agreement or the Restrictive Covenants (as defined below), then the Company’s  continuing obligations under this Section 4 shall cease as of the date of the breach and  Employee shall be entitled to no further payments hereunder.  5. Warranty. Employee acknowledges that all payments and benefits under Section 4  constitute additional compensation to which Employee would not be entitled except for Employee’s decision  to sign this Agreement and to abide by the terms of this Agreement.  Employee acknowledges that, upon  receipt of the Accrued Benefits and the Payment in Lieu of Notice and the separation payments and benefits  under Section 4, Employee has received all monies and other benefits due to Employee as a result of  Employee’s employment with and separation from the Company.  Employee further represents that, to the  

 

US-LEGAL-10600104/4   174008-0001        4   best of Employee’s knowledge, Employee has not sustained a work-related injury or illness that Employee has  not previously reported to the Company.  6. Release of Claims.   (a) Release by Employee. In exchange for the consideration set forth in this Agreement, and  for other good and valuable consideration, the receipt and adequacy of which are hereby  acknowledged, Employee agrees unconditionally and forever to release and discharge the  Company and the Company’s affiliated, related, parent and subsidiary corporations, as  well as their respective past and present parents, subsidiaries, affiliates, associates,  members, stockholders, employee benefit plans, attorneys, agents, representatives,  partners, joint venturers, predecessors, successors, assigns, insurers, owners, employees,  officers, directors and all persons acting by, through, under, or in concert with them, or  any of them (hereinafter the “Releasees”) from any and all manner of claims, actions,  causes of action, in law or in equity, demands, rights, or damages of any kind or nature  which Employee may now have, or ever have, whether known or unknown, fixed or  contingent, in all cases arising out of employment with the Company or separation from  employment (hereinafter called “Claims”), that Employee now has or may hereafter have  against the Releasees by reason of any and all acts, omissions, events or facts occurring or  existing prior to Employee’s execution of this release. The Claims released hereunder  specifically include, but are not limited to, any claims for fraud; breach of contract;  breach of implied covenant of good faith and fair dealing; inducement of breach;  interference with contract; wrongful or unlawful discharge or demotion; violation of  public policy; sexual or any other type of assault and battery; invasion of privacy;  intentional or negligent infliction of emotional distress; intentional or negligent  misrepresentation; conspiracy; failure to pay wages, benefits, vacation pay, severance  pay, commissions, equity, attorneys’ fees, or other compensation of any sort; failure to  accommodate disability, including pregnancy; discrimination or harassment on the basis  of pregnancy, race, color, sex, gender, national origin, ancestry, religion, disability,  handicap, medical condition, marital status, sexual orientation or any other protected  category; any claim under the Age Discrimination in Employment Act, as amended, 29  U.S.C. § 621 et seq. (“ADEA”); the Older Workers’ Protection Benefit Act of 1990; Title  VII of the Civil Rights Act of 1964, as amended, by the Civil Rights Act of 1991, 42  U.S.C. § 2000 et seq.; Equal Pay Act, as amended, 29 U.S.C. § 206(d); the Civil Rights  Act of 1866, 42 U.S.C. § 1981; the Family and Medical Leave Act of 1993, 29 U.S.C. §  2601 et seq.; the Americans with Disabilities Act of 1990, 42 U.S.C. § 12101 et seq.; the  False Claims Act, 31 U.S.C. § 3729 et seq.; the Employee Retirement Income Security  Act, as amended, 29 U.S.C. § 1001 et seq.; the Worker Adjustment and Retraining  Notification Act, as amended, 29 U.S.C. § 2101 et seq.; the Fair Labor Standards Act, 29  U.S.C. § 215 et seq.; the New York State Human Rights Law; the New York Labor Law  (including but not limited to the New York State Worker Adjustment and Retraining  Notification Act, all provisions prohibiting discrimination and retaliation, and all  provisions regulating wage and hour law); the New York State Correction Law, the New  York State Civil Rights Law, Section 125 of the New York Workers' Compensation Law;  the New York City Human Rights Law; the Florida Civil Rights Act (§§ 760.01 to  760.11, Fla. Stat.); the Florida Whistleblower Protection Act ((§§ 448.101 to 448.105,  Fla. Stat.); the Florida Workers’ Compensation Retaliation provision (§§ 440.205, Fla.  Stat.); the Florida Minimum Wage Act ((§§ 448.110, Fla. Stat.); Article X, Section 24 of  the Florida Constitution (Fla. Const. art. X, § 24); the Florida Fair Housing Act (§§  760.20 to 760.37, Fla. Stat.); and any federal, state or local laws of similar effect.  (b) Claims Not Released. This release shall not apply to: the Company’s obligations to  provide the separation benefits under Section 4 of the Agreement; Employee’s right to  indemnification under any applicable indemnification agreement with the Company; the  Company’s governing documents or applicable law; the right to continued coverage and  

 

US-LEGAL-10600104/4   174008-0001        5   reimbursement for prior claims under D&O insurance on the same terms as for other  active executives; Employee’s right to assert claims for workers’ compensation or  unemployment benefits; Employee’s right to bring to the attention of the Equal  Employment Opportunity Commission (“EEOC”) claims of discrimination (provided,  however, that Employee releases Employee’s right to secure any damages for alleged  discriminatory treatment); any right to communicate directly with, cooperate with, or  provide information to, any federal, state or local government regulator; any right to file  an unfair labor practice charge under the National Labor Relations Act; Employee’s rights  in Employee’s capacity as an equityholder of the Company (as modified by this  Agreement); any other rights that may not be waived by an employee under applicable  law; or rights to enforce and claims to interpret the Agreement.  (c) Unknown Claims. Employee acknowledges that Employee has been advised of and is  familiar with the provisions of California Civil Code section 1542, which provides as  follows:  “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE  CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT  THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER  MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE  DEBTOR.”   Employee, being aware of said Code section, hereby expressly waives any rights  Employee may have thereunder, as well as under any other statutes or common law  principles of similar effect.  (d) Acknowledgements. Employee is hereby advised as follows: (i) Employee has read  this release and understands its terms and effect, including the fact that Employee is  agreeing to release and forever discharge the Company and each of the Releasees from  any Claims released in this release; (ii) Employee understands that, by entering into this  release, Employee does not waive any Claims that may arise after the date of Employee’s  execution of this release, including without limitation any rights or claims that Employee  may have to secure enforcement of the terms and conditions of this release; (iii)  Employee has signed this release voluntarily and knowingly in exchange for the  consideration described in this release, which Employee acknowledges is adequate and  satisfactory to Employee and in addition to any other benefits to which Employee is  otherwise entitled; (iv) The Company advises Employee to consult with an attorney prior  to executing this release; and (v) Employee has seven (7) days to review and decide  whether or not to sign this release.  If Employee signs this release prior to the expiration  of such period, Employee acknowledges that Employee has done so voluntarily, had  sufficient time to consider the release, to consult with counsel and that Employee does not  desire additional time and hereby waives the remainder of the seven (7) day period. In the  event of any changes to this release, whether or not material, Employee waives the  restarting of the seven (7) day period.  (e) Representations. Employee represents and warrants that there has been no assignment  or other transfer of any interest in any Claim which Employee may have against  Releasees, or any of them, and Employee agrees to indemnify and hold Releasees, and  each of them, harmless from any liability, Claims, demands, damages, costs, expenses  and attorneys’ fees incurred by Releasees, or any of them, as the result of any such  assignment or transfer or any rights or Claims under any such assignment or transfer.  It is  the intention of the parties that this indemnity does not require payment as a condition  precedent to recovery by the Releasees against Employee under this indemnity.   Employee agrees that if Employee hereafter commences any suit arising out of, based  upon, or relating to any of the Claims released hereunder or in any manner asserts against  

 

US-LEGAL-10600104/4   174008-0001        6   Releasees, or any of them, any of the Claims released hereunder, then Employee agrees to  pay to Releasees, and each of them, in addition to any other damages caused to Releasees  thereby, all attorneys’ fees incurred by Releasees in defending or otherwise responding to  said suit or Claim.  (f) No Actions. Employee represents and warrants to the Company that Employee has no  pending actions, Claims or charges of any kind.  Employee agrees that if Employee  hereafter commences, joins in, or in any manner seeks relief through any suit arising out  of, based upon, or relating to any of the Claims released hereunder or in any manner  asserts against the Releasees any of the Claims released hereunder, then Employee will  pay to the Releasees against whom such Claim(s) is asserted, in addition to any other  damages caused thereby, all attorneys’ fees incurred by such Releasees in defending or  otherwise responding to said suit or Claim; provided, however, that Employee shall not  be obligated to pay the Releasees’ attorneys’ fees to the extent such fees are attributable  to: (1) claims under the ADEA or a challenge to the validity of the release of claims under  the ADEA; or (2) Employee’s right to file a charge with the EEOC or any other  government agency; however, to the extent permitted by law, Employee hereby waives  any right to any damages or individual relief resulting from any such charge.  7. Reaffirmation of Restrictive Covenants. The parties acknowledge and agree that Employee  previously made certain covenants, as set forth in (a) Section 10 (Non-Competition) of the Employment  Agreement and (b) the Confidentiality Agreement (collectively, the “Restrictive Covenants”). Employee  hereby acknowledges and agrees that the Restrictive Covenants shall remain in full force and effect in  accordance with their terms and that Employee shall be bound by their terms and conditions.   8. Exceptions.  Notwithstanding anything in this Agreement to the contrary, nothing  contained in this Agreement shall prohibit Employee (or Employee’s attorney) from (a) filing a charge with,  reporting possible violations of federal law or regulation to, participating in any investigation by, or  cooperating with the Securities and Exchange Commission (the “SEC”), the Financial Industry Regulatory  Authority (“FINRA”), the Equal Employment Opportunity Commission, the National Labor Relations Board,  the Occupational Safety and Health Administration, the Commodity Futures Trading Commission, the  Department of Justice or any other securities regulatory agency, self-regulatory authority or non-U.S., federal,  state or local regulatory authority (collectively, "Government Agencies"), or making other disclosures that are  protected under the whistleblower provisions of applicable law or regulation, (b) communicating directly  with, cooperating with, or providing information (including trade secrets) in confidence to any Government  Agencies for the purpose of reporting or investigating a suspected violation of law, or from providing such  information to Employee’s attorney or in a sealed complaint or other document filed in a lawsuit or other  governmental proceeding, and/or (c) receiving an award for information provided to any Government Agency.   Pursuant to 18 USC Section 1833(b), Employee will not be held criminally or civilly liable under any federal  or state trade secret law for the disclosure of a trade secret that is made (i) in confidence to a federal, state, or  local government official, either directly or indirectly, or to an attorney, and solely for the purpose of  reporting or investigating a suspected violation of law, or (ii) in a complaint or other document filed in a  lawsuit or other proceeding, if such filing is made under seal. Further, nothing in this Agreement is intended  to or shall preclude Employee from providing truthful testimony in response to a valid subpoena, court order,  regulatory request or other judicial, administrative or legal process or otherwise as required by law.  If  Employee is required to provide testimony, then unless otherwise directed or requested by a Governmental  Agency or law enforcement, Employee shall notify the Company in writing as promptly as practicable after  receiving any such request of the anticipated testimony and at least ten (10) days prior to providing such  testimony (or, if such notice is not possible under the circumstances, with as much prior notice as is possible)  to afford the Company a reasonable opportunity to challenge the subpoena, court order or similar legal  process.  9. Ongoing Cooperation.  Subject to Section 7, Employee agrees that Employee will (a)  reasonably assist and cooperate with the Company and its affiliates concerning reasonable requests for  information about the business of the Company or its affiliates or Employee’s involvement and participation  

 

US-LEGAL-10600104/4   174008-0001        7   therein to internal parties only, and shall not request Employee to have conversations with lenders,  shareholders, or other third parties without fair compensation therefore, (b) provide truthful information to the  Company and its affiliates in connection with the defense, prosecution or investigation of any claims or  actions now in existence or which may be brought in the future against or on behalf of the Company or its  subsidiaries or affiliates, including any proceeding before any arbitral, administrative, judicial, legislative, or  other body or agency, including testifying in any proceeding to the extent such claims, actions, investigations  or proceedings relate to services performed or required to be performed by Employee, pertinent knowledge  possessed by Employee, or any act or omission by Employee, and (c) and provide truthful information to the  Company and its affiliates in connection with any investigation or review by any federal, state or local  regulatory, quasi- or self-regulatory or self-governing authority or organization (including, without limitation,  the SEC and FINRA) as any such investigation or review relates to services performed or required to be  performed by Employee, pertinent knowledge possessed by Employee, or any act or omission by Employee.   With respect to clauses (b) and (c), Employee will be available to meet and speak with officers or employees  of the Company, its affiliates and/or their counsel at reasonable times and locations, with due respect to  Employee’s other obligations and time commitment , executing accurate and truthful documents, appearing at  the Company’s request as a witness at depositions, trials or other proceedings without the necessity of a  subpoena, and taking such other actions as may reasonably be requested by the Company and/or its counsel to  effectuate the foregoing, and if requested by Employee, paying the all expenses associated with clause (b) and  (c) including travel expenses and the expense of an attorney to advise and represent Employee with respect to  clause (b) and (c) .  In requesting such services under (a), (b) or (c), the Company will honor and respect other  commitments that Employee may have at the time of the request and will limit Employee’s time commitment  requested by the Company to the maximum extent possible.  10. Arbitration.  Section 16 (Arbitration) of the Employment Agreement regarding arbitration  shall apply mutatis mutandis to any disputes arising out of or relating to this Agreement or the breach thereof,  and shall continue to apply pursuant to its terms to any disputes arising out of or relating to the Employment  Agreement.  11. Governing Law.  This Agreement shall be interpreted, construed, governed and enforced  according to the laws of the State of New York without regard to the application of choice of law rules.  12. Liability Insurance and Indemnification, Notices and Miscellaneous.  Sections 13  (Liability Insurance and Indemnification), 14 (Notices) and 17 (Miscellaneous) of the Employment  Agreement shall apply to this Agreement, mutatis mutandis, and shall continue to apply pursuant to their  terms to any provisions of the Employment Agreement that continue pursuant to their terms.  13. Entire Agreement/Integration. This Agreement, together with the Additional Release, the  letter regarding tax withholding from the Company to you dated October 2021, and any provisions of the  Employment Agreement that survive in accordance with their terms, including without limitation Sections 9  through 19 thereof, the Confidentiality Agreement and any applicable award agreements for the equity awards  referenced herein, in each case as modified herein, constitutes the entire agreement between Employee and the  Company concerning the subject matter hereof.  No covenants, agreements, representations, or warranties of  any kind, other than those set forth herein, have been made to any party hereto with respect to this Agreement.   All prior discussions and negotiations have been and are merged and integrated into, and are superseded by,  this Agreement.  No amendments to this Agreement will be valid unless written and signed by Employee and  an authorized representative of the Company.  14. Consultation with Counsel.  Employee acknowledges (a) that Employee has thoroughly  read and considered all aspects of this Agreement, that Employee understands all its provisions and that  Employee is voluntarily entering into this Agreement, and (b) that Employee has been represented by, or had  the opportunity to be represented by independent counsel of Employee’s own choice in connection with the  negotiation and execution of this Agreement and has been advised to do so by the Company, and (c) that  Employee has read and understands the Agreement, is fully aware of its legal effect, and has entered into it  freely based on Employee’s own judgment. In furtherance thereof, upon Employee’s submission of  appropriate verification of reasonable and customary legal fees incurred by Employee in obtaining legal  

 

US-LEGAL-10600104/4   174008-0001        8   advice associated with the review, preparation, approval, and execution of this Agreement, the Company shall  reimburse Employee for up to $12,000 in the aggregate for all such legal fees no later than thirty (30) days of  receipt of an invoice for legal services from Employee and/or Employee’s attorneys. Without limiting the  generality of the foregoing, Employee acknowledges that Employee has had the opportunity to consult with  Employee’s own independent tax advisors with respect to the tax consequences to Employee of this  Agreement and the payments hereunder, and that Employee is relying solely on the advice of Employee’s  independent advisors for such purposes. Any rule of construction to the effect that ambiguities are to be  resolved against the drafting party shall not be applied in the construction or interpretation of this Agreement.  * * * * *    

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the date  first written above. CLEVER LEAVES HOLDINGS INC. By: ________________________ Name: David M. Kastin Title: General Counsel EMPLOYEE By: ________________________ Name: Kyle Detwiler 

 

US-LEGAL-10600104/4   174008-0001        EXHIBIT A    GENERAL RELEASE AGREEMENT    This General Release of Claims (this “Release”) is made by Kyle Detwiler (“Employee”)  in favor of Clever Leaves Holdings Inc., a corporation organized under the law of British Columbia,  Canada (the “Company”), and the “Releasees” (as defined below), as of the date of Employee’s execution  of this Release.    1. Release by Employee. In exchange for the benefits set forth in the Separation and  Release Agreement entered into by and between the Company and Employee, dated as of February 8,  2022, (the “Agreement”) to which this Release is an exhibit, and for other good and valuable  consideration, the receipt and adequacy of which are hereby acknowledged, Employee agrees  unconditionally and forever to release and discharge the Company and the Company’s affiliated, related,  parent and subsidiary corporations, as well as their respective past and present parents, subsidiaries,  affiliates, associates, members, stockholders, employee benefit plans, attorneys, agents, representatives,  partners, joint venturers, predecessors, successors, assigns, insurers, owners, employees, officers,  directors and all persons acting by, through, under, or in concert with them, or any of them (hereinafter  the “Releasees”) from any and all manner of claims, actions, causes of action, in law or in equity,  demands, rights, or damages of any kind or nature which Employee may now have, or ever have, whether  known or unknown, fixed or contingent, arising out of Employee’s employment with the Company or  separation from employment (hereinafter called “Claims”), that Employee now has or may hereafter have  against the Releasees by reason of any and all acts, omissions, events or facts occurring or existing prior  to Employee’s execution of this Release. The Claims released hereunder specifically include, but are not  limited to, any claims for fraud; breach of contract; breach of implied covenant of good faith and fair  dealing; inducement of breach; interference with contract; wrongful or unlawful discharge or demotion;  violation of public policy; sexual or any other type of assault and battery; invasion of privacy; intentional  or negligent infliction of emotional distress; intentional or negligent misrepresentation; conspiracy; failure  to pay wages, benefits, vacation pay, severance pay, commissions, equity, attorneys’ fees, or other  compensation of any sort; failure to accommodate disability, including pregnancy; discrimination or  harassment on the basis of pregnancy, race, color, sex, gender, national origin, ancestry, religion,  disability, handicap, medical condition, marital status, sexual orientation or any other protected category;  any claim under the Age Discrimination in Employment Act, as amended, 29 U.S.C. § 621 et seq.  (“ADEA”); the Older Workers’ Protection Benefit Act of 1990; Title VII of the Civil Rights Act of 1964,  as amended, by the Civil Rights Act of 1991, 42 U.S.C. § 2000 et seq.; Equal Pay Act, as amended, 29  U.S.C. § 206(d); the Civil Rights Act of 1866, 42 U.S.C. § 1981; the Family and Medical Leave Act of  1993, 29 U.S.C. § 2601 et seq.; the Americans with Disabilities Act of 1990, 42 U.S.C. § 12101 et seq.;  the False Claims Act, 31 U.S.C. § 3729 et seq.; the Employee Retirement Income Security Act, as  amended, 29 U.S.C. § 1001 et seq.; the Worker Adjustment and Retraining Notification Act, as amended,  29 U.S.C. § 2101 et seq.; the Fair Labor Standards Act, 29 U.S.C. § 215 et seq.; the New York State  Human Rights Law; the New York Labor Law (including but not limited to the New York State Worker  Adjustment and Retraining Notification Act, all provisions prohibiting discrimination and retaliation, and  all provisions regulating wage and hour law); the New York State Correction Law, the New York State  Civil Rights Law, Section 125 of the New York Workers' Compensation Law; the New York City Human  Rights Law; the Florida Civil Rights Act (§§ 760.01 to 760.11, Fla. Stat.); the Florida Whistleblower  Protection Act ((§§ 448.101 to 448.105, Fla. Stat.); the Florida Workers’ Compensation Retaliation  provision (§§ 440.205, Fla. Stat.); the Florida Minimum Wage Act ((§§ 448.110, Fla. Stat.); Article X,  Section 24 of the Florida Constitution (Fla. Const. art. X, § 24); the Florida Fair Housing Act (§§ 760.20  to 760.37, Fla. Stat.); and any federal, state or local laws of similar effect.     

 

US-LEGAL-10600104/4   174008-0001      A-3   2. Claims Not Released.  This Release shall not apply to: the Company’s obligations to  provide the separation benefits under Section 4 of the Agreement; Employee’s right to indemnification  under any applicable indemnification agreement with the Company; the Company’s governing documents  or applicable law; the right to continued coverage and reimbursement for prior claims under D&O  insurance on the same terms as for other active executives; Employee’s right to assert claims for workers’  compensation or unemployment benefits; Employee’s right to bring to the attention of the Equal  Employment Opportunity Commission (“EEOC”) claims of discrimination (provided, however, that  Employee releases Employee’s right to secure any damages for alleged discriminatory treatment); any  right to communicate directly with, cooperate with, or provide information to, any federal, state or local  government regulator; any right to file an unfair labor practice charge under the National Labor Relations  Act; Employee’s rights in Employee’s capacity as an equityholder of the Company (as modified by the  Agreement); any other rights that may not be waived by an employee under applicable law; or rights to  enforce and claims to interpret the Agreement.    3. Unknown Claims. Employee acknowledges that Employee has been advised of and is  familiar with the provisions of California Civil Code section 1542, which provides as follows:  “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH  THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER  FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY  HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER  SETTLEMENT WITH THE DEBTOR.”  Employee, being aware of said Code section, hereby expressly waives any rights Employee may  have thereunder, as well as under any other statutes or common law principles of similar effect.  4.   Acknowledgements.  Employee is hereby advised as follows:  (a) Employee has read this Release and understands its terms and effect, including  the fact that Employee is agreeing to release and forever discharge the Company and each of the  Releasees from any Claims released in this Release.  (b) Employee understands that, by entering into this Release, Employee does not  waive any Claims that may arise after the date of Employee’s execution of this Release, including without  limitation any rights or claims that Employee may have to secure enforcement of the terms and conditions  of this Release.    (c) Employee has signed this Release voluntarily and knowingly in exchange for the  consideration described in this Release, which Employee acknowledges is adequate and satisfactory to  Employee and in addition to any other benefits to which Employee is otherwise entitled.    (d) The Company advises Employee to consult with an attorney prior to executing  this Release.     (e) Employee has seven (7) days to review and decide whether or not to sign this  Release.  If Employee signs this Release prior to the expiration of such period, Employee acknowledges  that Employee has done so voluntarily, had sufficient time to consider the Release, to consult with  counsel and that Employee does not desire additional time and hereby waives the remainder of the seven  (7) day period. In the event of any changes to this Release, whether or not material, Employee waives the  restarting of the seven (7) day period.    

 

US-LEGAL-10600104/4   174008-0001      A-4   5. Representations.  Employee represents and warrants that there has been no assignment  or other transfer of any interest in any Claim which Employee may have against Releasees, or any of  them, and Employee agrees to indemnify and hold Releasees, and each of them, harmless from any  liability, Claims, demands, damages, costs, expenses and attorneys’ fees incurred by Releasees, or any of  them, as the result of any such assignment or transfer or any rights or Claims under any such assignment  or transfer.  It is the intention of the parties that this indemnity does not require payment as a condition  precedent to recovery by the Releasees against Employee under this indemnity.  Employee agrees that if  Employee hereafter commences any suit arising out of, based upon, or relating to any of the Claims  released hereunder or in any manner asserts against Releasees, or any of them, any of the Claims released  hereunder, then Employee agrees to pay to Releasees, and each of them, in addition to any other damages  caused to Releasees thereby, all attorneys’ fees incurred by Releasees in defending or otherwise  responding to said suit or Claim.    6. No Actions.  Employee represents and warrants to the Company that Employee has no  pending actions, Claims or charges of any kind.  Employee agrees that if Employee hereafter commences,  joins in, or in any manner seeks relief through any suit arising out of, based upon, or relating to any of the  Claims released hereunder or in any manner asserts against the Releasees any of the Claims released  hereunder, then Employee will pay to the Releasees against whom such Claim(s) is asserted, in addition  to any other damages caused thereby, all attorneys’ fees incurred by such Releasees in defending or  otherwise responding to said suit or Claim; provided, however, that Employee shall not be obligated to  pay the Releasees’ attorneys’ fees to the extent such fees are attributable to: (1) claims under the ADEA  or a challenge to the validity of the release of claims under the ADEA; or (2) Employee’s right to file a  charge with the EEOC or any other government agency; however, to the extent permitted by law,  Employee hereby waives any right to any damages or individual relief resulting from any such charge.  7. Exceptions.  Notwithstanding anything in this Release to the contrary, nothing  contained in this Release shall prohibit Employee (or Employee’s attorney) from (i) filing a charge with,  reporting possible violations of federal law or regulation to, participating in any investigation by, or  cooperating with the Securities and Exchange Commission, the Financial Industry Regulatory Authority,  the EEOC, the National Labor Relations Board, the Occupational Safety and Health Administration, the  Commodity Futures Trading Commission, the Department of Justice or any other securities regulatory  agency, self-regulatory authority or non-U.S., federal, state or local regulatory authority (collectively,  “Government Agencies”), or making other disclosures that are protected under the whistleblower  provisions of applicable law or regulation, (ii) communicating directly with, cooperating with, or  providing information (including trade secrets) in confidence to any Government Agencies for the  purpose of reporting or investigating a suspected violation of law, or from providing such information to  Employee’s attorney or in a sealed complaint or other document filed in a lawsuit or other governmental  proceeding, and/or (iii) receiving an award for information provided to any Government Agency.   Pursuant to 18 USC Section 1833(b), Employee will not be held criminally or civilly liable under any  federal or state trade secret law for the disclosure of a trade secret that is made: (x) in confidence to a  federal, state, or local government official, either directly or indirectly, or to an attorney, and solely for  the purpose of reporting or investigating a suspected violation of law; or (y) in a complaint or other  document filed in a lawsuit or other proceeding, if such filing is made under seal. Further, nothing in this  Release is intended to or shall preclude Employee from providing truthful testimony in response to a valid  subpoena, court order, regulatory request or other judicial, administrative or legal process or otherwise as  required by law.  If Employee is required to provide testimony, then unless otherwise directed or  requested by a Governmental Agency or law enforcement, Employee shall notify the Company in writing  as promptly as practicable after receiving any such request of the anticipated testimony and at least ten  (10) days prior to providing such testimony (or, if such notice is not possible under the circumstances,  with as much prior notice as is possible) to afford the Company a reasonable opportunity to challenge the  subpoena, court order or similar legal process.   

 

US-LEGAL-10600104/4   174008-0001      A-5   8. Miscellaneous.  (a) No Admission.  Employee understands and agrees that neither the payment of  money nor the execution of this Release shall constitute or be construed as an admission of any liability  whatsoever by the Releasees.  (b) Severability.  If any sentence, phrase, section, subsection or portion of this  Release is found to be illegal or unenforceable, such action shall not affect the validity or enforceability of  the remaining sentences, phrases, sections, subsections or portions of this Release, which shall remain  fully valid and enforceable.  (c) Headings.  The headings in this Release are provided solely for convenience, and  are not intended to be part of, nor to affect or alter the interpretation or meaning of, this Release.  (d) Construction of Agreement.  Employee has been represented by, or had the  opportunity to be represented by, counsel in connection with the negotiation and execution of this  Release.  Any rule of construction to the effect that ambiguities are to be resolved against the drafting  party shall not be applied in the construction or interpretation of this Release.  (e) Entire Agreement/Integration. This Release, together with the Agreement,  constitutes the entire agreement between Employee and the Company concerning the subject matter  hereof.  No covenants, agreements, representations, or warranties of any kind, other than those set forth  herein, have been made to any party hereto with respect to this Release.  All prior discussions and  negotiations have been and are merged and integrated into, and are superseded by, this Release.  No  amendments to this Release will be valid unless written and signed by Employee and an authorized  representative of the Company.    Sign only on or within seven (7) days after March 24, 2022.                 KYLE DETWILER        Date:____________________               Kyle Detwiler

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